Indianapolis Times, Indianapolis, Marion County, 13 February 1941 — Page 13

PAGE 12 |

* BUSINESS

Naval Ordnance Plant Here Is Expected To Be Bigger Than Originally Planned

. By ROGER BUDROW

PERSONS IN CLOSE .TOUCH WITH DEFENSE plans believe that the newest armament factory to come to Intlianapolis—the Naval Ordnance plant—will be bigger than orig-

inally announced.

Contracts for the first unit, costing about $3,500,000,

are expected to be awarded this week or next. plans called for an expenditure of about $6,000,000 alto-

gether.

But now they .say the plant will be a 15-million-dollar affair wnen It would follow the pattern of the Allison

it is finally completed.

factory here

which grew and de“mands of war|,

grew as

PRICES RISE ON HEAVIER HOGS

Original

1

a

THE INDIANAPOLIS TIMES -

$50, 000 Dextrine Factory Planned

i

National Starch Products, Inc., will build a $50,000 “explosion-proof” factery at its Piel Bros. division at 1515 Drover St. to make dextrine, gummy substance made from starch and used on stamps, envelopes and similar prpducts. Considerable glass, which would give way in event of spontaneous combustion in the fine flour dust, will be used in the three-story plant to be built at the right of the present factory bullaings,

OUTPUT OF COKE CONSUMED FAST

New Plants Will Permit Expansion of Pig Iron Production.

PITTSBURGH, Feb. 13 (U. P).— Blast , furnace operations are consuming available coke production

coke plants will permit expansion of pig-iron production in the future,

"lit was reported today.

As present coke-making facilities in western Pennsylvania are being operated at capacity, coke production and the current demand fom

a balance.” Any increase in consumption at this time would: create a shortage of coke, it was claimed. More_than 7100 beehive ovens are operating in the Fayette County

but plans to expand by-product

the steel industry are said to be “at ||

Lond Planner

H. Evert Kincaid, Federal Housing Administration land planning consultant, will be principal

- THURSDAY, FEB. 13, 1941

FAVOR CHANGES

IN AGGOUNTING

Survey Reveals Additional"

Details Are Wanted By Business.

NEW YORK, Feb, 13 (U. P).— Bankers, financial executives, credit men and accountants throughout the country favor a program of .. basic change and refinement in accountancy practices, according to a

survey conducted by Roy A. Foulke of Dun & Bradsireet, Inc, Published in the opening chap- - ters of Mr. Foulke’s' book, “The ° Balance Sheet of the Future,” the survey presented the findings of a detailed questionnaire issued last May to some 6000 representatives of the four groups most directly interested in accounting procedure.

N. Y. STOCKS

By UNITED PRESS t {DOW-JONES STOCK AVERAGES

STOCK PRIGES

‘Full replies to the 16 questions presented were received from about 25 per cent of the business special- , ists, their combined opinion in general favoring a larger and more

speaker at the first FHA-spon-sored Land Planning Conference at the Spink-Arms Hotel next Tuesday night.

increased until now an estimatHN ed 30 million / dollars has been

fields, and Walter Schenck, secretary of the Uniontown Chamber of Commerce, estimated that the number of active ovens may be brought

Porkers Under 210 Pounds

Net High Low Last Change

spent on the

warplane motor

branch of General Motors Speedway City. The Naval Roger Budrow Ordnance plant Ave. defense authorities say, will make the much-publicized Norden bambsight for Navy planes. The Norden bombsight is said to be an improvement on the Army’s famous Sperry bombsight by which VU. S. bomber-pilots can drop a bomb in a bucket from 15,000 feet. The plant is also expected to make equipment which will direct firing of the Navy's “big berthas,” and other Naval precision equipment. The plan, as understood here, is that parts will be made here and 4n other Naval Ordnance plants in the Midwest and assembled in toe one at Louisville. The bombsights would be tested in a special part of the Naval ammunition dump a Burns City. The testing ground ‘near Madison is the Army's.

” 2 k.4 ' REAL SILK Hosiery Mills here are expected to let about 120 knitters go soon, but not because of what one rumor has it—difficulty of importing silk from the Orient. The silk supply isn’t critical, offi-

cials here say, but the demand for women’s silk hosiery has simply

~~ fallen off.

In that connection the latest report of the National Association of Hosiery Manufacturers reveals that sale of silk hosiery increased each year between 1935 and 1939 but decreased last year. *“All expansions have temporary halts,” the association said. ” ” ”. NEW ORLEANS Cotton Exchange closed yesterday—but not because of Lincoln's birthday anniversary. With the war upsetting markets at 2 moment’s notice, the Exchange didn’t want to be the only one open in case some unexpected event occurred on the war front. It was the second time since the Exchange was founded in 1871 that it has been closed on Lincoln’s birthday. ” ” >» “ODDS AND ENDS: New York|© City’s five-month liquor price war has ended (at least temporarily) with retail prices for nationallyknown brands 50 to 66 cents above last Saturday's prices. . . . Cuba's Treasury reports U. S. bought 78 per cent of all its foreign goods last year, an unprecedented proportion. . es « Britain is allowing cotton, linen .and silk goods manufacturers now to use only one-fifth the amount of

in

on Arlington ¥

Sell at Same Rate Paid Yesterday.

HOG PRICE RANGE Receipts 1,500

Bisel aasSSS

CS on

101950

. Hog prices were steady to 5 cents higher at Indianapolis stockyards today, the Agricultural Marketing Service reported. Hogs weighing less pounds were unghanged from yesterday while those weighing more than 210 pounds were 5 cents higher. The top was $8.25 for good and choice 200 to 210-pounders. Vealers were 50 cents higher. with a $14 top. The Marketing Service

reported 645 cattle, 397 calves, 6100 hogs and 1158 sheep were received.

~~ HOGS Barrows and Gilts Good to Choice— 120- 140 pounds 140- 160 pornds pounds

Medium — 160- 200 pounds

Packing Sows Good and Choi aor 300 pound 300- 330 pound S301 360 pound

0 360- 400 pounds eescveccevncees 400- 450 pounds 6 450- 500 pounds Medium — 250- 500 pounds

Slaughter Pigs

Medium and Good— 90- 190 pounds

DL 6.60 ' CATTLE

Slaughter Cattle & Vealers (Receipts, 645) Steers

Choice 750- 900 pounds .....ece00. «$12.75 900-1100 Pounds 13.00 }100- 1300 - pounds if 00-1500 pounds a 900 pounds 900-1100 pounds .... J100-1200 POUNAS secvecnnns 1300-1500 pounds eee

ediu 750- 1100 pounds _.. 3100 Tsou ) pounds :

750-1100 | pounds Chol Steers, Heifers 300.7 50 pounds « [email protected] ’ 500- 750 pounds ceeressnanee [email protected] Heifers Cho ice yoo o 600 pounds vee vocnneen 13. 25@12. 50 750- 900 DOUNAS seseeeressees 9. [email protected] Medium— wy 500- 900 DPOUNAS .ieeeesieeee 8.50@ 9.75 ommon-— 500- 900 pou 7.00@ 8.50

. 1.75@ 9.00

goods they used last summer, , Argentina says Spain has given her | “ample guarantees’ that thé beef, wheat and cotton in that barter| deal will be paid for. ... N. Y. Curb

. $126,310 last year compared with’ $102,714 in 1939. , . . Paraguay has decided to control its foreign exchange to protett the currency against speculators. , , . Half the|¢ season is over and only 700,905 bales of cotton have been sold abroad, of which 220,000 bales were bartered to

Britain. The trade fears that cot-|

-fon exports for the full season will|G - barely reach one million bales.

71h citing

Vzz; A apt, Yr. V2 R EC PRICES

43 S. IL. To Relieve ~ Misery of

666

Try “Rub-My-Tism’—a jsm”—a wonderful liniment.

Ta BI 1s

NOSE. Lo Rops COUGH DROPS

00! .50 « Mediu .00 Cutter and co .0n Canne .00

(Yearlings excluded) ‘Beet— ’ ood 7.25@ 8.00

7.25@ 7.15 6.75@ 7.25 6.00@ 6.75

evsccescsedoccnone

um .. Cutter and common ...... | Vealers Shed and choice Common and Cull

Feeder and Stocker Cattle Steers Receipts, 397 Choice— {Reveipts )

500- 800 POUNAS .seeceveess.q.$10.00 Inds .10,00

500 800 pounds [email protected] 8. a 00

8.25@ 8.76

7.50@ 8.25 : Calves (steers) Good and choice— 500 pounds down .s. Medium— _ | 500 pounds down Calves (heifer Good and choicew e oe) 2 Doids prc reese ues

10.75 10,75

800- 1050 NOUNAS sesvescoscase Medium— 500-1000 POUNdS seeccevessse Common— 500- 900 pot

[email protected] 8.50@ 9.75

: [email protected] | ™ : 500 nds down ; 7.50@ 9.00 SHEEP, LAMBS (Receipts, 1158)

xx

Lambs Good and choice Medium and good .. Common Yearling Wethers Good and choice Medium

Ewes (wooled) Good and choice Common and medium

OLD SYCAMORE TRE NTEATT

5] 15 PINT

3010 OF

3 you prefer a

MILDER 86 PROOF STRAIGHT BOURBON WHISKEY, TRY

‘MERCHANTS

DELUXE

This whiskey is and only

4550 H.00r.

| Ba than 210

Sh : fat lambs closed 15@25¢ lower: top, $10

Adams .. | 5% - Al C oF $30 ww 8 Am oF Leat. + i1V8 Am Can ih Am

Am 199%

6% 6%

Loco lll... .. Maoh &Fiy | Rad & SB . Safe ‘Razor. Smelt ./ Stl Fiies .. Am Tobacco pf. 1 Anaconda 23 Armour ‘Del pf 111 Armr Ill pr| pf 5 Arnold Const .. 4 Atchison ...de.. Atl C Line Aviation Gord.

Be Beth Stee. Boeing. Air J Jel18

Eras War: ier Bower Brew C Briggs Bulla Bye 8 LR M cv § Ce lanese Century Eib |

Cerro de Pasco. Certain-t¢ 6 Pr;

RI eA) CIR

«8 . 28Y2 = 1... 19% 19%

L 20% 22% 1227 1227s

Eaton Mig Shee Elec Boat Bl Pw & 1. $6/ pf 2 El De = I 87 of

32 14% 262

30 INDUSTRIALS

Tuesday

a. Month Ago 2| Year Ago

High, 1941, 133.59: Low, 122.61. High, 1940, 152.80; Low, 111.84. 20 RAILROADS

+n, | Tuesday — i2|Week Ago ; Month 'Ago Year Ago

High, 1941, 29.73; Low, 27.92. High, 1940, 32.6%; Low, 22.14. 15 UTILITIES

... [(Tuesday . 15 |Week AZO ..c.uve.. seesenens 8 (Month AZO ....... teertenns . 20. Year Ago

High, 1941, 20.65; Low, 19.53. High, 1940, 26.45; Low, 18.03.

-—1.58 +0.62 —1.58 +0.13

s | Nat

at a Nat Oil Nat Sup Penn. 8

High Low

° ee I ee

Aviation..

S Ne

BD bd hk fk hdd RO WOU-aw

3 3) 16'2 Prodcts 28% 534

News News Sh 22%

Y Central .. 12%,

s| Nye C& 8t L pf 28% NY NH

No Amer 15Y%2 No Amer 6 pf. 5615 No Am Avn ... No Pacific ....

143, 6%

Ohio Oil Oliver Farm Eq 3 Owens Ill Glass 44

o aybe: tos

En 5 Eng P 's § of.

nuhli epun.

idden Goodrich ®: | Gotham los s Gt North pt | “os

ecker Prod .. 3 3 ev Stn

H Homestake , ... Hud Bay M & & 1 av Sw Hudson Yaiotor . .e

111 Central i. 7 Indpls Pw & L: 20% Inland Stl ..... 83% Inspiration ‘Cop. 10% Interchem pf ..112 Interlake Ir... Int Nickel Int Silver

In Int T&T For. Intst D 8 ... Kelsey-HavesA,. a Kennecott ... 32% 31%

eh Val R R.. 2 L-O-F Glass ... 3004 Libby MeN

2 35% ) & Li 678 Lackhd Aircralt 23%;

Ap 5 % EH % 32 Ys

$3 9 -—Y Maw ELL 23% 23% oa CKesson & I 3 Ev

2% 3%

engel ....... Merch & Min, . Mident Pet | onsanto

Mont Ward .

A — +

active 3° all: nents lower; gop: 0; b ik

1bs.. 3908, most 0. 270. Tos. | 108 0@1. 90: $340-330- i averages, generally $

7. smooth packing S0WS £00 down. [email protected]; Do 425-550 .h. kinds. $6.75@T. Cattle-—Receipts, 4000. Calves—17000; fed steers and yearlings strong to 25c higher, mostly 10@16: up; medium grades showed most acvance, but trade dependably active on all grades: relatively: few c¢ o. prime steers here: et; top, 31 several load: 14.10; meage: steer advance. cline on medium to oor most heifers, [email protected]; best rs ails 1.75 other - killing at Cally pieady; cu cows selling up to $6; sprin ling choice dows, [email protected] and a, heavy Sausage bulls to $8 ‘and x Dice vealers to $14: th Shockers: $8@ 9.25; most offerings. $9.75@

75: 4 Dot ‘9000: late Wednesday:

Hogs—2eceints. | 16,000;

good a

tea eep-—Rece oe to shipper and jaid traders on -several

g bulk fed 1 Yo 153 Ne. 02s: own: bu ed lambs s. down ew meduim to good, [email protected]; Sa: i 98 lbs. fall shorn lambs. $9.65: medium to good 81- 1b. recently shorn, $8.50; trade: No early sales: asking SO, higher or up to $10.50 and a litte above on good [to choice .fed estern lambs: early hids ‘mostly Steady at $10.25.

OTHER LIVESTOCK

CINCINNATY i, Feb. 13 (U, P.).— = otal, 2300; sd $8. iy 225-250 ne iy 5; ‘160-180 1bs.,

tal, 350; @9.50;

deck good to choi

calves good ood 5.50 $12:50@

30 oe Ron eipts, 200; good and choice lambs, 310, x S14 slaughter ewes, medium od, $0.

5., | $7. 300-325 $1.15; 350-400 lbs. +o Ji 5 1bs.,

30155: ‘stags, $5; calves,

1b, 169 1bg 350 hss HE &

Li Tou ge. $13.5 lambs,

LOUAL PRODUCE TE:

Barred and “nite: Rock Bers lbs. and Quer, i%¢; No. 2 broilers, 16¢; 3, os.

eS ndicha Grade uA» Jaige eggs, 17c; Indiana Grads “A” medium ASRS 185; Insmell Grade “A” _ an 0. 2 ‘eggs, Bu 34%c: No. 2 32 32Yc; HE ttertat, 1 34a 0

1, 30c: No. (County icku rice t th Wadioer \P PP Ss quo AL ‘by e

DY ITNT

AUTO LOANS

pil, | UTUR to P-A-Y

| SACKS BROS.

Union Carb . Un Oil Cal .... Un Pacific .... 17 ank

Tenn Tex ane Prod. Timk-D Ax .

63Vs © 13%, 79

282 7

ee 8 Steel of. .1233 v Pict 1 pf 147

Alwvre Pp

CHICAGO LIVESTOCK |¥his Hoc

Worthington...

Yellow

+s 1 Young Sheet Y

cung Stl ha

Zonite

sevens oe

pay:

Net Last Change

TUMBLE AT N. Y,

Average Lowest Since June; Trading Is Heaviest This Year.

NEW YORK, Feb. 13 (U. P.)— Stock prices tumbled 1 to more than 2 points today to the lowest levels since last June. Trading increased on the setback, witlr turnover for the first three hours around the heaviest of, the year. All sections of the list were hit, although leading rails and utilities generally held their losses to fractions. Industrials met heaviest pressure and the Dow-Jones indus-

"% | trial average fell to a new low since

last June 27. t U. S. Steel dropped 13% and Beth-

s|lehem 2 points to new 1941 lows, + | While Case plunged 5 points to a {new bottom for the year before vs (meeting support.

Chrysler lost a point and General Motors was down

— 3, |a major fraction.

Leading shipping and shipbuild-

2 |ing shares, paper stocks, chemicals,

aircrafts, electrical equipments, oils, merchandising issues and coppers

vs |dropped a point and more to new

‘lows for 1941. full point to a new bottom for the s |year at 223;

Anaconda fell®a

Santa Fe led the rails down with 7% point loss to 20%. United Gas Improvement and Consolidated Edison had small losses to new lows.

|CORN PRICES SAG

IN CHICAGO TRADE

CHICAGO, Feb. 13 (U. P).— Wheat futures on the Board of Trade displayed a steady tone from the outset today in quiet dealings. Scattered local selling was noted, apparently influenced by the lower | B.

readily absorbed. i The near-by month was in good demand through a leading com-

5 | mission’ house. There were no par-|j

ticular developments over the holi-

ing to reports there was some im-

"% provement in flour business in the

SLHEELH

Ye Miohisin Jonathans, bu., $1.

Northwest during the past week. Other grains ruled fractionally

3 lower. Soy beans lost about .1 cent P

a bushel, At the end of the first hour wheat was off %& to up %c; May T97%ec.| Corn was off % to 3%ec; oats unchanged to off %c; rye unchanged to off 3%c, and soy beans off % to 1 cent.

U. S. STATEMENT

WASHINGTON, Feb. '13 (U. P.).—Government expenses and receipts for the cur-

pared with Jer ago

§ Ss Yea Expenses. 3S iss. 71s, 092. 20 $5, 750.822. 622, 183. 61

Receipts 458,530,196. LL 3,309,284,928.18 Gross Def. 3 281, 104. 895. 2 441,337.254.43 Net Def. 3.239.542.04 4 147.25

Customs.. '203,822,290.65 222,590,570.62 INDIANAPOLIS CLEARING HOUSE Debits 8,524,000

FOOD PRICES

CAGO, Feb. 13 (U., P.)., — ADples vel Celery—Michigan, squares, [email protected] 5. Tomatoes—Mexican, lugs, [email protected]. Spinach— Texas, bu., 70c@ 31. Caulifiower—California, , [email protected]. Carrots — California, ' ta [email protected]. Lettuce — California, 8, oa Potatoes—Ten$1. 1.35. ions (50-1b. Dy 20eios Yalow 50@T5¢c; Iowa Yelows, 80c: Michigan Yellows, 65@"5¢; Colorado Sweet Spanish, $1.40.

’

Your Federal Income Tax

How Your Stock Transactions Fit Into The Income Tax Return ,

No gain or loss is recognized for income-tax purposes as a reN sult of the exchange of stock or securities in a De solely for stock or ‘securities in another corporation in pursuance of a plan of reorganization to which both corporations are parties or as a result of the exchange of stock or securities in a corporation solely for stock or securities in the same corporation in connection with a recapitalization. Where money or other property is received along with such exchanges, taxable gain may result but no loss is récognized. The statute also prohibits the deduction for any loss from the sale or other disposition of stock or securities where the tax- , within a period of 30 days before or after the date of sale oro er disposition, acquires or enters into a contract or option to - acquire Substantially identical stock or securities.

stock market, but offerings were|g

day to depress sentiment. Accord-|i2$

rent fiscal Year through Feb. 11, comKK

Clearings .......... isc stmenn nn 5 0057000

to almost 9000 within the next month or so. Many coke ovens are operating for the first time since World War days. The Pittsburgh Steel Co., in conjunction with the Pittsburgh Coke & Iron Co. and the Weirton Steel Co., are making plans to expand their by-product plants so as to add 1,000,000 tons of additional byproduct coke a year. Elsewhere throughout the country, new byproduct coke capacity is expected to total approximately four million tons by the end of 1941.

4 PER GENT GAIN IN FREIGHT PREDICTED

CHICAGO, Feb. 13 (U. P.).—M. J. Gormley, executive assistant of the Association of American Railroads, estimates the preparedness program will result in an increase of about 4 per cent in average weekly carloadings. He said that if 10,000,000 tons of steel were produced, and industrial plants expanded, over a two-year period umder a preparedness program, it would involve average movement to less than 9800 cars a week, or 1% per cent of the average weekly carloadings in 1939. Movement of material for training camp construction would involve use of an average of 3846 cars per week, or only six-tenths of 1 per cent of 1939's average weekly load-

.|ings, he said, while maintenance of

three million soldiers would require about 11,570 carloads of supplies a week, or 1.8 per cent of the average weekly figure.

LOCAL ISSUES

The fellowing glictaun apolis Bond & 8 or sent actual price, of offer

tions. Stocks Agents Finance Corp com. Belt RR & Stk Yds com elt RR_& Stk Yds pid Central nd Pow 4.7% h Loan § d

recent transac

Bid Ask

I Gas CO! Ind Hydro Elec 7% vid

-+118%

53% ..106 10

Progress Laundry 0 of Th 8% |

Van Camp Milk pid Van ‘Camp Milk

American Loan Bs 61.... American Loan 5s 46. Consold Fin 5s . Citizens Ind Tel 4%s .-103 Home T&T Ft .102

|Home Tat" mi wayne 8 5s is: 97 H e T&T Wa a 43.. 102 nd

ner Packing Co 4 orris 5&10 Stores 5s 5 uncie Water Works 5s 85. at Silk Hosiery 5s 42 Ind Pub Serv 3

Pub - Tel Co 4'2s Richmond Water Wis bs 57. 104% TAC Term Soe 5s 57 *Ex-divid

FOREIGN EXCHANGE

NEW YORK, Feb. 13 (U. P.).—Following are noon cable Te on major cur-

Fencles: et vd) 35.03 Rates Net CheEnglan pou sess Cana (dollar) seesess Ve 2.0074 ance (franc) ... . tal ra) . "in (markka) «..s Switzerland (franc Sweden (krona Japan (yen) Mexico (peso):

+. -0000 Ya "0005"

NORTH SIDERS SELL EIGHT HOMES HERE

North Side Realtors, a division of the Indianapolis Real Estate Board, have reported the sale last week of eight houses and five lots

with a total value of $103,000. | Lorin Driscoll,

secretary, sald houses were sold at 7036 Warwick Road by himself and Atkinson & Co.; 270 Buckingham Drive by Ford Woods Co.; 215 W. Westfield Blvd. by Thomas F. Carson; 4471-73 College Ave, by American Estates Co.; 5347 Graceland Ave. by Robert L. Mason; 26 E. 35th St. by Forest Kellogg: 829-31 N. Drexel Ave. hy William Hackemeyer, and 106th St. and Spring Mill Road by Atkinson & Co. Lots were sold by R. E. Peckham in Allisonville -Estates and Norwaldo, in Sylvan Estates by John Robbins and Mr. Mason, and in Williams Creek and Norwaldo by Fay JC. Cash. :

OFFICE MANAGERS MEET TOMORROW

The recently organized Indianapolis chapter of the National Office Management: Association will hold its,second monthly meeting’ at Hotel Lincoln at 6 p. m. tomorrow. L. E. Grisso, Indianapolis manager for Dictaphone Corp., will present a sound film, “What Is an Office?” followed by a forum on office organization and management. F. P. McCune, American States > | Insurance Co., is president; Ray

! Holcomb, J. I. Holcomb 'Manufac-

turing Co., vice president; E. L. Helm, Shell Oil Co., secretary; E. S. Wellbaum, Schwitzer-Cummins Co., treasurer, and Joe Fiorella, Indianapolis Railways, and W. W. Bennett, Inland Container Corp., directors.

REESE TO DISCUSS MODERN CAST IRON

Donald J. Reese of the Interna-

2 | tional Nickel Co.’s development and

research division will discuss “Modern Cast Irons” at the meeting of the Indianapolis chapter, American Society for Metals, at Hotel Washington Monday night. Mr. Reese will use slides to illustrate his talk which will include a brief history. of cast iron, production figures for foundry division, principal fields of application, qualities and properties, cupola melting furnace and .carbon control, various prices of cast iron and types of cast irons available today.

January Milk

Prices Announced

Average prices tp be paid producers for 4 per cent milk delivered to distributors for the last half of January are $2.28 for high standard milk and $1.63 for emergency milk, from which hauling and check-off will ve deducted, according to Leon C. Coller, Marion County Milk Administrator.

WAGON WHEAT Indianapolis grain elevators are nayin for No. 1 wheat 37c¢; subject to marke thange: other sraqes oh “their merits. Cash w

new Nc. 4 ey 2 White oats, 320.

te shelled corn, 57c;

detailed balance sheet from the accountant; a‘ more detailed statement of the financial condition of subsidiaries with names and addresses of these underlying corporations; balance sheet forms prepared. te the special requirements of each trade or industry, and many refinements of a technieal nature. All but twa of the questions drew replies indicating a belief that'the accountant’s . responsibility = and scope should be broadened. On the question of. whether the auditor should accept full responsibility for verification of inventories, a wide majority of the business specialists registered’ opposition. Only 11 per:* cent of the accountants questioned. favored full responsibility for in-3 ventory, but 41 per cent of the bankers voted favorably. To the question “would it be Pras tical to develop a professional group of inventory appraisers?”, $7 per cent of the bankers voted in the - affirmative, while approval was expressed by only 27 per cent of the financial executives questioned, 43 per cent of the credit men and 44 per cent of the accountants,

DAILY PRICE INDEX.

NEW YORK, Feb. 13 (U. P.).— Dun & Bradstreet’s daily weighted ° price index of 30 basic commodities, -

average equals 100): TUESAAY ..evvervivienvinsees 123.27 Week ago sresrsigineiiiines 123.56 * MONLY 380 oscsreressssnraes 125.03 , Year ago. ,...cvvscavaseecess 118.52 % 1941 high (Jan. 9) ois 135.21 # 1941 low (Feb. 11) '

BUSINESS AT A GLANCE.

By UNITED PRESS »

Oil & Gas Journal estimates week ended Feh. 8 crude oil output aver= = aged 3,614,565 bbls. daily, up 19,805 - from previous week. Artloom Corp. 1940 net profit $239,548 equal to“$1.04 3 common : share vs. $248,907 or $1.09 in 1939, Atlas Plywood Corp. 6 months: ended Dec. 31 net profit $264,393 equal to $1.60 a common share vs, $143,405 or 74 cents year ago. : Best & Co. year ended Jan. 31° preliminary net profit $1,111,398 equal to $3.63 a common share vs, $1,047,004 or $3.42 in previous year.’ Coca-Cola International Corp. 1940 net income $7,894,446 equal to $39.15 a common share vs. $8,022,« 926 or $38.92 in 1939. Gotham Silk Hosiery Co. Inc, and subsidiaries 1940 preliminary : net loss $149,158 vs. net profit $155,« 981 in 1939. : , United Corp. 1940 net incomd : $9,557,142 equal to 14 cents a come : mon share vs. $8,482,675 or 7 cents. in 1939.

ORDERS 8 LOCOMOTIVES

CLEVELAND, Feb. 13 (U. P.).— Chesapeake & Ohio Railway Co. today announced award of a contract for eight new passenger locomotives costing approximately $1,375,000 to . the Baldwin Locomotive Works. The engines will be built, at Eddystone, Pa. ;

READ

wir BABY NURSES SAY:

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EES e

GLASSES ON CREDIT

7 OUR oy To from htory Be ise. Glasses CO] ner e VISI oops, ih es groun

Mare Jhrough

ie

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Pay as Little as §50¢

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charges. Credit to" “PA, E orkore

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124 W, Washington St.

ADMITTED Asserts

cesses ece

i bt Accrued. Premiums Due and Accrued. . ceese),

Liasmimizs

sevsccssssesn

sssesen|

Miscellaneous

ssedsecireny

Special Reserves. .ceecns

‘SUMMARY OF ANNUAL STATEMENT Decembes 31, :

Bonds, Mortgages, and other Assets - $704, pf 8,352,574 ) 11,771,029" $724,294,035 Policy Reserves. .. cadegrossssescs $550,122,160

«= 135,524,545 2,442,205

five years writes

nh for life's 80 4d 30 greatly to life’s os

“Xvid who bas ben hein thee checks the pat iy ; near for the check always so, should know wba iy

or for the Iivtle luxuries Mutual In.

WEE RR aves: ABE BRE FA

EARNING RU LSAT VS RAINE: Sear MN Si SLE SI ST MA SOP = A

compiled for United Press (1930-32 /