Indianapolis Times, Indianapolis, Marion County, 20 February 1941 — Page 24

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THURSDAY, FEB. 20,

1941

BUSINESS

Fine Trains Alone Won't Bring Back

Lost Customers, Railway Age Claims By ROGER BUDROW

THE “RIDE NOW, PAY

roads have been using for about a year now is to be adopted by the nation’s airlines, starting March 1. :

The railroad magazine,

although the plan has been in effect for only a short time, its potentiality has been reflected in its popularity and opportunities already discovered.

The customer goes to the ticket office, applies for credit for the cost of the trip (must be $50 or more) and if a routine credit inquiry indicates his ability to meet installment payments, he is notified when his ticket is ready. There is a nominal * service charge for the credit accommodation. A survey shows that in the four months from June to September last year %000 persons bought railroad tickets this way, spending more than $700,000.

Roger Budrow

F A study of 5000 applications for Fe

peredit shows that the average ticket was for $100. Federal, and state employees formed 9 per cent of the buyers and spent an average of $94.96; 21 per cent was purchased by bookkeepers, stenographers and clerical workers who spent an average of $93.59; 3 per cent by department store employees with a $94.96 average; 8 per cent by school teachers with a $139.24 average; 6 per cent by. salesmen with a $93.56 average; 3 per cent by telephone company employees with a $122 gverage; 9 per cent by executives with a $119.94 average; 2 per cent by reporters, writers and publishers with a $180.10 average, and 3 per cent by doctors i nurses - with a- $115.57 average. Thirty-six per cent was'bought by persons of miscellaneous occupations with an average of $106.50. Railway Age’ comments that in order to get business nowadays in competition with the airlines and bus lines, the railroads be aggressive about. selling to the public such recent improvements as streamlined \ trains, fast schedules, greater comfort and more convenience.

= ” "

BEFORE THE present war. Eu-

rope enjoyed 51 per cent of all in-|g

ternational trade although handicapped by only 19 per cent of world’s population and 4 per cent of its land space, according to League of Nations publication, Europe’s Trade. . North. America, with 7 per cent of world’s popula-

tion and 15 per cent of land area,| Chol

handled only 14 per cent of international trade. a Before World War I, Europe’s

ghare of world trade was around ' 66 per cent (in 1900) and declined to around 60 per cent in 1913. That

war hastened the decline, with U. S.| co

and Japan capturing and remaining part of the markets for manufactured goods, particularly in Latin America and Asia. The unanswered question: Will World War II further reduce Europe’s grip on world trade? : ~ tJ ” 2 ODDS AND ENDS: Egypt is prohibiting growing of cotton on land previously sown to beans, lentils, flax or barley, which, brings about a small reduction in next year’s cotton crop. . . . Mexico . has bought around 750,000 bushels of U. 8. wheat under the present subsidy program, may buy one million bushels more soon. . . . Defense Commission has ruled that schools helping with defense training must buy second-hand machine tools instead of new ones, adding that repairing and putting them in shape will be useful education. . Sixty-two per cent of all defense ” contracts to date has been concentrated in the triangle from Maine to Pittsburgh to Norfolk, Va., American Machinists says, with 18% = along Pacific Coast and 20% between Alleghenies and Rockies. Explanation: Large percentage and other Naval vessels which are expensive, must be built along the coast (with exception of smaller " yessels being built in Great Lakes shipyards).

municipal | F

Good in effect, | Medium

is for warships| medium

LATER” PLAN that the rail-

Railway Age, comments that

PRICES ON HOGS RISE 10 CENTS

Top Returns to $8.10 Here; 6000 Porkers Arrive At Stockyards. HOG PRICE ANGE

geavsvnysoi§ie .8

N10 areareeerses aeeuar

11,500 7.210

pEm em mmnns =3skEsREtan

A 10-cent advance was made in hog prices at the Indianapolis stockyards teday, lifting the top to $8.10,

reported. The advance was confined to hogs weighing 160 pounds or more: Lighter weights sold at the same prices paid yesterday. The top was paid

pounders. The Marketing Service reported 966 salable cattle were received here

sheep.

HOGS and Gilts

Good to 120- 140

Soo 5S

® S999 NO

tt bb CD SO BI

SRS NG S 8538553583 Q

Medium— 180- 200 pounds

Packing Sows Good and Choj 370- 300 pound 300- 330 pound 330- 360 pound

2 9999900330 BD RRWURD on © 93ammmeaSS Wed

ood— 360- 400 pounds ... 400- 450 pounds 450- 500 pounds Medium— 250- 500 pounds

Slaughter Pigs

Medium and Good— 90- 190 pounds

CATTLE Slaugter Catfle & Vealers (Receipts, 966) Steers

CR Gen OL

S 08 989

hh On 1=1:3 8 238 2k: Sh BIA Iai 3 NOM ww

8.65@ 6.85

oice— 750- 900 pounds ...ee. 900-1100 pound . 1100-1300 pound 130071500 pound

00 S—_— 750- 900 pound 900-1100 pound 1100-1300 pound 1300-1500 pound Medium— ounds

750-1100 p 1100-1300 pounds

3am [email protected]

1.15@ 8.78

mmon— 750-1100 pounds Steers, Heifers Choice— 500- 750 pounds Good— 500- 750 pounds

. [email protected] [email protected]

Choice— Goa 300 pounds ssccscscegons [email protected] [email protected] 8.50@ 9.78 7.00@ 8.50

750- 900 pounds ...cesesccese Medium— 500- 900 pounds Common— 500~ 900 pounds ...cc.cn0c000 Cows

ssscscettecse

7.75 7.28 6.25

8.35

Cutter and common ...... oe 8 7.26 Vealers Good and choice .............. [email protected] Common and medium [email protected] Cull 6.00@ 8.50

Feeder and Stocker Cattle Steers (Receipts, ) Choice— 500- 800 pounds ... [email protected] 800-1050 pounds ....eseéseseq '[email protected] 00d 500- 800 pounds 8 21050 800-1050 pounds [email protected] Medium— 500-1000 poundS sescsscssscss 8.25@ 8.75 Common— . 500- 900 pounds 7.50@ 8.25

Calves (steers)

Good and choice— 500 pounds down ...... "reese

sees0op0esese sesc00csesece

[email protected]

e — 500 pounds down . 8.50@ 9.75 Culves (heifers) :

Good and choice— pounds down Medi

500 nds down SHEEP, LAMBS (Receipts, 2901) Lambs

«00. $10.75@1

THIS SERVICE TO

ANDERSON FT. WAYNE

And Intermediate Points

9 Buses Daily 3: 11:00 A. M. 7:30 A. M. 1:35 P. M. 7:30 P. M. 9:00 A, M. 3:00 P. M. 11:00 P. M.

ANDERSON

30 A. 5:00 P. M. :30

: man One Way...$ 80—Rd. Trip...$145

FT. WAYNE One Way... .$2.50—~Rd. Trip... $4.50

GREYHOUND TERMINAL |wednesa

Mraction Terminal Bldg. Market and Ill. Sts. Phone RIley 6381. Crossroads

Corner

of Bus Travel.

in svmpa t A steers. Pp hy with sluggish market on fa

Good and «choice Medium and good Common

1. [email protected] 9.

Ewes (wooled)

Good and choice Common and medium

« 4.7 3.50

5.50 4.50

to 10 cents higher; closed with full advance lost; top. $8.15; bulk 180-240 lbs. [email protected]: most 240-270-1b. butchers, $7.70 @8; 270-330-1b. averages, generally, $7.50 @17.85; smooth 400-500-1b. packing sows, [email protected]: few lighter weights up to $7.35 Sheep—Receipts. 8000; late ednesda fat lambs closed slow;

ni 0 choice 95-1b. closely shorn lambs, unevenly lower at $8.50; today's trade, scattered early sales and most bids fully - steady with Wednesday's average; load good 80-1b. fed Wi bs, $11; few medium to y 0.75, with some common t. $9.50; generally acting around $11.25 on good to choice handyweight fed lambs; sheep practically absent. Cattle—Receipts, + calves, 800; medium weight and weighly steers, 25 cents lower on very dull sluggish market; ded narrow on all grades and repret; only meager supply $ood to choice yearlings and: yearling iyne steers Fetting reliable _outlet on falty account: bidding as much as 5 cents lower on medium to ood weighty steers; these kinds have fallen 25 cents or more on e| . ine nd ligh 50; w

ssusage .50; only ve ht kinds under $7.50; vealers strong a $14 down: stockers ad feeders very Santi

WAGON WHEAT \/ DA! wheat fle: subject 5 mares

REYHOUND SRR 1) NES ae,

stn i

| Oldest Loan 7 : : Brokers in . the State >

EW,

ICACO

rads eir its. Cash y ow

corn, 87¢; rn, B3c¢ 1

fe smell s "No.

she on Everything Diamonds, Watghes, + Autos, Cameras, Clothing, Shotguns, Ete.

Rectiphs \ &

the Agricultural Marketing Service|;

on good and choice 200 to 210- &

today, 402 calves, 5677 hogs and 2901|§

50 Jarvis Co ...... 11%

9.00910.50 | iy

CHICAGO LIVESTOCK |B?

Hogs—Receipts, 13,000; early trade steady |

JEWELRY ||

A Sante Fe test Diesel freight train on a run in New Mexico.

Net Last Change + %

> 2 + Ya ty >a Ys + %

37% 20

\m Roll Mil... \m Ship Build 30% Am Smelt .... \m Sugar .. .. i} T & »: 158 m “ave 8 Am oclen vf pan Anaconda va Ae \rmour Il.. .. az Armstrorig Cz... 20% \tchison pf.... 62 \|

. 14% Atlas Pdr voi... Aviation Cors.. 3%

Bath Ir Wis.. 21% 21% Beth Stesl 3 Beth Btesl ”

. . .e .

DHE HH

r— Ri Ww 2a W eS aan ash Bimn nt

17% 4% 20% 11%

.. 2034 ww 11% —C 17 1

“ee “ee «eo.

riggs Bklyn U

Cal Packing .. Callahat) Zine. .

a jG Cent Foundry.. Ches & Ohis .. 39

om Inv Tr ... Va Comwlth Edison 28% Cons Coppesmns 6 Cons Edisor: .. 31 Cons Edisor: pf.108 Cons Oil elie OD Cont Bak B ... % Cont Can ..... 36% Cont, Ofl Del... 18 Crane £0 ..... Crown Zeller .. 1 Crucible St .... 38% ess 13% + 10a

+ HH HL

iAH

Curtiss<Wr .... Curtiss-Wr A... 28

Deere ¢& Co ... 19 Del & Hud .

Ele¢ Auto-L ... Elec Boat . ..

pee Fe

Fed Dap &t..... 19% 19% Fi namel . 13

3 Firestine T ... 16% 16% Foster Wheel .. 14 14

49%

Rann S Eland »

, Am Tr ..

PDD bb hd ht ht pa tf 6 » ENE Eanes, FRE FE FEF RSSERE - at ™ re FEEFSE BSR

ear orth nt jrumman Air ulf Mobile dz

SFESER 2 BEEREE

DHE HH

.. 3¢ E13 Oo i% : : a, Hayes M(g -e.c 2 Heckel rod .. 6 Herc Mol Homeita Hudsen

Rn Fr widens +++ ro

EE oe Motor ..

*® OF

> . JI] =INO oe

RoR SESIF SER

DHE i"

Kennecott .... 32 3 «28% 23%

Kresge £8 ...

+ +

[ee RUb ceveaee

7.75 | Lehn!

an L-O-F (ilass Libby Lime J. vive Lion Oil Ref ... 9% Liq ‘Carb Locknhd Aircraft. 1 Loft. Ing 15 ; Long Bell A ... 2% 2% Lorillazt c.eeee 17% —M— aracuibo Bx... 1 arine Mid .... 4% arshall I -e artin (Glenn arin Parry .

M M Wd V]

Minn Hay .... Mo Paci

Murray

science

Nat Biscuit tees at Cy 8 ee. Nat Bis hans ’

50 | Ni

Ohio Oil «.oeeee 67% tis Boel seco 5%

Pon Pac G&El ..... 26% kay 3%

10% 5%,

'TWO LOCAL FIRMS

INDICTED BY U. S.

Two Indianapolis firms were

among 25 surgical instrument firms indicted by a Federal Grand Jury in Philadelphia yesterday on charges of conspiring to restrain trade and maintaining an illegal monopoly, in violation of the Sherman Anti-trust law. The firms were the W. D. Allison Co., 1133 Burdsal Parkway, and the American Metal Furniture Co., 1351 Roosevelt Ave. E. W. Roehm, vice president of W. D. Allison Co., declined to comment on the indictment, saying he had no been fully informed of the charge. Joseph A. Miner, president

er) of American Metal Furniture Co.

was out of the city and could not be reached for comment. :

OTHER LIVESTOCK

' | CUNMCINNATI, Feb. 20 (U. P.).—Hogs— gaianle, 3100; “total, 3300; market active §@10c -higher; top se. for and ghoice 150-225 'Ibs.; 250-275 1bs.,. $7.65; 3001bs., $7.05Q7.15; medium and good 140~ 150 ibs. [email protected]; most good packing ADVE, Joe 50. Caltle—Salable, 20C; active, mos steady; good oo $

[email protected]. Hihuepis is, 300: 7s ne active on limite supply; i run 35¢ or more high-

or: just -lb. fed Texas offe v $10.45 critics absent, aoutamie: $310 1135,

P.).—H : 5: 180.200 30.240 Joe. 7.15; 928- : 150-160 140 1bs.,

fini

CO, Ine. NGTON ST.______

% | Spiegel Inc pf a

(U. V, | ernment expenses and Jecelpts 3 | with a year a 2

380: total, 375: calves, steady; vealers active, | H t

N. Y. STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS avon -1.04 es 121.10 «1.51 Month Ago . .. 128.34 —0.31 Year ARO ....c...0.:n .. Holiday High, 1941, 133.59; Low, 117.66. High, 1940, 152.80; Low, 111.84. 20 RAILROADS 28.56 —0.19 Week Ago « 21.56 —0.36 Month Ago ....cose eveccesss 29.48 <4-0.20 Year AO ...cccsccccnncines Holiday High, 1941, 2973; Low, 26.54. High, 1940, 32.67; Low, 22.14. 15 UTILITIES

esses tees ssscncsen

Yesterday . Week Ago .

Yesterday

High, 1941, 20.65: Low, 18.81. High, 1940, 26.45: Low, 18.03.

Net Last Change

Low

REE Et as

Rn Mt cu cv

Sav

Se Sharon Stl .... Shell Un oil ¥. Smith A O ....

age Arms .. 37

I: 1+

fod ped pd 00 DO! Fey nee

Sperry Corp

CICRLIDI BO bt pt bt BD > &

Square

++: 4: I++: 2

CI On 30» @~

aa eae

CIR 0

0 &

spel:

J. »

uperior Sti

34% 237% a"

Texas Corp ... 34% Thomp Star ... imk-D Ax . 37% 42 —l—

T .e Timken R B ..

on B & P

3 CR 3+. : : 3 :

Hos Nee FESR

» RonnRu~bas

Nn 8 A= 00m Bwmbns

RERRRaSSES

Ud »N BRO REISS

118%

Vanadian 2 Vick Chem ....

Walworth Ww

Woolworth Worthington ...

% 17% Worthing pr pf 55

—y— Yellow Tr 13% Young Sheet Young Stl Dr.. 15%

CORN PRICES SLUMP BUT WHEAT GAINS

- CHICAGO, Feb. 20 (U. P.).—Moderate demand stimulated by the

13% a 32

+ + + 3 + 15 -—

¥| better tone to the stock market

lifted prices for wheat on the Board of Trade moderately higher today. Corn showed small losses at the

1, | start, later weakened further. Other

graing ruled steady to a fraction higher. At the end of the first hour wheat was up % to 3% cent, May 80 cents. Corn was off % to 5% cent; oats unchanged to up % cent; rye up % to % cent, and soy beans up % to 12 cent.

U. S. STATEMENT

WASHINGTON, Feb. 20 P.).—Govor the current fiscal , compared

year thiough Fe

This Year Last Yi Expenses. $7,000,182,011.36 $5,882, Receipts ., 3,54 ,906.61 3,338, Gross Def.

333 Dosh

‘DAILY PRICE INDEX

NEW YORK, Feb. 20 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press: (1930-32 average equals 100): Yesterday ....ocessveeevesse Week ABO ...ccvevenssassess Month Ago Ses ssvccnttesr Year AZO ............s 00. Holiday 1941 High (Jan. 9) ..ee.... 125.21 1941 Low (Feb. 17) .e.c.... 123.03

FOREIGN EXCHANGE

NEW YORK, Feb. 20 (U. P.).—Following are noon cable Tales on major currencies: Cable Rates Net Chg. England (pound) .....$4.03 Canada dollar) 84 9-16 —.00 1-16 France (franc)*® ..... .0220 <+.0001 Lialy (lira) . 0605 asscasee Finland (markka) ... Switzerland (franc) Sweden Japan (y exico (peso) ....... .2070 *Under U. S. Treasury license.

LOCAL PRODUCE

Heavy hens, l4c; No. 2 hens, llc; Leghorn hens, ; No. 2 Leghorn hens, . Barred and White Rock brotlers, 3 ibs. and over, 19¢; No. 2 broilers, 16c; roos-

ters, Te. Indiana Grade “A” large eggs, 15c; Indiana Grade “A” medium ets, Be eggs,

Indiana small Grade “A’’ and No. No. 2, 30%@

11c; no grade, 13c. Butter—No. 1, 322@33c; 3 Count Eko: dn 290: Nowy 20: th ry pic rices quo Wadley Go.) P.-P 9 y :

Incorporations

Senn Corp., New Augusta; agent J. 8. williams, New Auguste 500 shares preferred of $100 par value and 500 shares common no par.value; manufacturing maery; 3 Williams, Roger B. Williams,

TP e. Hammond-Calumet Broadcast Corp. ammond; amendment A capital stock to es common _ and 1000 shares preferred of $100 par value.

THE INDIANAPOLIS TIMES

Streamlined Freight Makes Debut

if | making its initial runs west from

DIESEL ENGINE BOOSTS POWER

Santa Fe Engineer Pilots Train From Fancy, Roomy Cab.

By CHARLES F. A. MANN Times Special Writer CHICAGO, Feb. 20.—The world’s first practical, mainline freight locomotive powered by a Diesel engine has just. gone into service on the Sante Fe Railroad. The first of two giant 5400-horsepower locomotives boasting a starting effort nearly 50 per cent greater than the most powerful freight locomotive previously in use is now

Chicago. It doesn’t bear much resemsblance to the noisy, smoke-belch-ing, picturesque steam locomotives

mous. The spring seat in a fancy cab. Equipment includes windshield wipers, defrosters, automatic bell ringers,

%| foot warmers, sound proofing and |i}

a communicating phone system to the engineer's helper, formerly the fireman. Lavatory and locker

clean and roomy. 16-Cylinder Motor

The new monster is made up of four 1350-horsepower, self-contained power sections. Each section is 48 feet long—shorter than the average boxcar, and carries a 16-cylinder, two-cycle, EMC ' V-type Diesel engine, Each power section carries its own .fuel supply, with a capacity of 1200 gallons, cooling radiators, and an automatic control system which

i*| enables the engineer to maneuver |Nat

the four sections, semi-permanently

helper, watches the gauges, keeps tab on the motors. i The locomotive weighs 425 tons fully loaded. Each of the 32 wheels is' a driving wheel, giving the locomotive & starting tractive effort of nearly 200,000 pounds— three times that of the engines that pull the 20th Century Limited, twice that of huge western mountain type

STOCK PRICES

that made America’s railways fa- H

I engineer sits on a soft

space is provided. Everything is E b

linked together, from his cab. The |p with no coal to shovel |B

RISE $1 T0 $3

Hopes for Liberalization of Excess Profits Tax Is Incentive.

NEW YORK, Feb. 20 (U. P.).— Stocks gained 1 to 3 points today and wiped out losses of several

recent sessions. The averages recovered to the best levels since Feb. 13. Volume increased somewhat on the rise. Aiding the market today were an improved technical position, strong British front in the Far East, and

tax under consideration by the House Ways and Means Committee. Market experts said the list’s ability to remain only slightly’ above the year’s lows yesterday indicated an oversold position. Tax hopes pro-

vided the main incentive for the|.

new buying. Railroad shares stood out as strong spots with gains ranging to more than a point in Santa Fe. A better than seasonal rise in car loadings aided the group. High-priced chemical shares came pack sharply, with Du Pont up more than 2 points. Motors were carried higher easily with Chrysler, the feature, gaining more than 2 points.

ness, had net gains ranging to 2 points. The oils, aircrafts and mercantiles improved. Utilities, whose average made a new low yesterday, rallied fractions to a point. Coppers were up a point or better.

LOCAL ISSUES

The following Juotations by the Indianapolis Bond & Share Corp. do no sent actual price of offerings, indicate the approximate market based on Duying Sand selling quotations of S.

recent transact Stocks Bid Ask

Agents Finance Corp com... T% Belt RR & Stk Yds com.... 5

Indpls com Ind Hydro Elec Indpls L com Indpls P&L 5%% ndpls Water 5%

oln Nat e N Ind Pub Serv 5%2% N Ind Pub Serv 67% pf Ind Pub Serv 7% pf

n Camp Mi Van Camp Milk

American Loan 5s 51 American Loan 5s 46 Consol Fin 5s 50 ........c000. Citizens Ind Tel 4%s 61 .... Home T&T Ft Wayne 5's ... Crabb-Reynolds-Taylor 5s 43... Home T&T Ft Wayn 43. ne n

nd nd Loko <0. Kuhner Packing Co 4's 49... Morris 5&10 Stores 5s 50 .....100

Trac Term Cor *_Ex-dividend. -

FOOD PRICES

CHICAGO, Feb. 20 (U. P.). — Apples— Michigan Jonathans, bu., [email protected]. Celery— Michigan, squares, 1.25. Tomatoes — Texas, lugs, $2.90. 80 a8 Caulifiower—California, y 1.60. Carrots—California, crates, $2.66 2.90. Lettuce—California, crates, $1.50 2.25. Sweet Potatoes—Tennesee, bu., $1. @1.60. Onions (50-1b. sacks)—Minnesota

liberalization of the excess profits|

Steels, popular after recent weak- |

pe INO. 21 »

Your F ederal

In general, taxes are they are imposed.

they tend to increase the. value

tax on income—is not deductible. "his Federal income-tax return.

own use are deductible. Import

they are not ness or the cost of the they are paid, in which case they

thereof paid account has

individual may deduct the tax on messages, telegrams, and cables, deposit box. 3

Unemployment compensation

and not as business expenses. The excise taxes imposed Security Act, as amended, are

tax for the employees, ployer as réport as

are deductible as taxes. taxes and deductible. Postage Federal estate and gift

the manufacturer, producer, by the purchaser or consumer.

tween purchaser and seller,

Real Estate Taxes, Customs, License Fees and Many Other Items Are Deductible. - deductible only by the person upon whom 1

Taxes on real estate and personal property paid during the year 1940 are deductible. So-called taxes which are assessed against local benefits, such as streets, sidewalks, drainage, and other like improvements, are not deductible but are to

stitute cost of a permanent improvement. The Federal income tax may not be deducted. The tax on unjust enrichment--a Federal

State by an individual on his income is an allow Customs duties paid by a person on articles im

officers; and business, license, privilege, excise, paid to internal revenue collectors are deductible as taxes, added to and made a part of the expenses of the busi~ articles of merchandise with respect to which

a tax. The Federal tax of 1 cent for for admission to any place is deductible, provided an been kept by the taxpayer of the amount paid. - Taxes on club dues are deductible by the member paying them.

State law, if officially classified as taxes,

deductible, but the tax imposed employees by that act is not deductible. If an employer pays: the amount may be deducted by the ema business expense, and the employees are to additional income In Hew Federal income-tax returns the amounts of the tax so paid for them. : License fees exacted by a State or city upon certain businesses Automobile license fees are is not a tax and is not deductible. . taxes and State inheritance, estate,

legacy, or succession taxes are not on automobiles, gasoline, cigarettes, or importer, and Whether or not the gasoline tax, the use tax, or the sales tax levied by a State may be deducted by

the individual purchaser depends upon the

tax; consequently, the right to the Jmposing Hs varies in the different States.

Income Tax

be 9» as * of the property and thus cone

Income tax, however, paid to the deduction in

ried for his or tariff duties paid to customs and stamp taxes provided

be deducted separately as * each 10 cents or fraction

cannot

An his telephone conversations, radio and on the rent of his safe-

contributions required under's | are deductible as taxes. |

upon employers by the Socal such \

deductible. The Federal taxes

and liquor are imposed upon are not deductible

terms of the State law: deduction, as be-

FARMERS TO VOTE ON WHEAT QUOTA

WASHINGTON, Feb. 20 (U. P.)—

%| Agriculture Secretary Claude R.

Wickard announced today that the

%| tirst national marketing quota ever

proposed for wheat will be voted on by growers on May 31. R. M. Evans, AAA Administrator, explained that the referendum is required under the AAA act because of the surplus built up by “military and ' economic blockades of our world markets.” About 60,000 Indiana wheat farmers will be affected by

the referendum. . Wheat sales by farmers from this year’s crop will be limited to quotas established by the Government unless the quota plan is opposed by one-third of the farmers voting in the referendum. Quota restrictions would not, however, be imposed on farmers producing less than 200 bushels. Growers who plant within their 1941 AAA acreage allotments would be permitted to sell all of their wheat free of penalty. Farmers who plant in excess of their acreage allotment would have to pay the Government a penalty of 15 cents a bushel on all wheat marketed in excess of their AAA

freight locomotives.

Yellows, 77%c: Colorado Sweet Spanish, $1.40; Colorado Whites, $1.50.

allotments.

Baldwin Profifs Up 400 Per Cent

PHILADELPHIA, Feb. 20 (U. P). —The Baldwin Locomotive Works and its subsidiaries, including the Midvale Co., had a net profit for 1940 of $1,944,072, equal after preferred dividends to $1.75 per come mon share, compared with $542,026 lor 41 cents per share in 1939, the 30th annual report disclosed today. Sales of Baldwin Locomotive Works, including Midvale, amounted to $51,102,729 last year, com with consolidated 1939 sales 1, 463,045. At the year’s close unfilled orders, including Midvale, amounted to $153,226,484, against $44,215,790 at the end of 1939. .

PHELPS-DODGE CO. PROMOTES JACOBS

NEW YORK, Feb. 20 (U.P.).~—= Wylie Brown, president of Phelps« Dodge Copper Products Corp. today announced the appointment of S. Allan Jacobs as a vice president of the concern. Mr. Jacobs in 1930 assisted in the formation of the Inca Manufacturing Co. of Ft. Wayne, Ind, and i J as sales manager of “that firm, a position which he continued to hold when Inca Manufacturing was consolidated with Phelps-Dodge. He will continue to make his headquarters in Ft. Wayne.

NIL (3

ARTICLES {AHS

I. The War in Greece 3. Scandinavian Twilight (Wednesday) 4. Where Does Russia Stand? 5. Hitler's Alternatives 7. Europe Looks at America

Monday's Indianapolis Times will carry the first of a series of eight UNCENSORED articles by the world-famous war correspondent LELAND STOWE. Safe back home—unmuzzled by censorship— Stowe will reveal the facts he has gathered along the war fronts of Europe, including the story of Norway, Sweden and Finland—the state of mind of the peoples

“SCANDINAVIAN | TWILIGHT”

Norway, Sweden and Finland

fy LELAND STOWE

|] UNCENSORED

2. The War in Africa

6. Britain's

{ i 7

in those countries—and

holds-for them—as Stowe sees it. Read "SCANDINAVIAN TWILIGHT" Wednesday—and note the titles of the other articles listed in this an-

Stowe on

nouncement.

-Start the series Monday. LELAND STOWE on Norway, Sweden and Finland on WEDNESDAY.

R20

The Indianapolis Time

8. The War as | See If

Alternatives

what the future |

Be sure fo read