Indianapolis Times, Indianapolis, Marion County, 15 July 1941 — Page 16

€'r * Slr

“PAGE 16 —— ee ——— a Ta

PRICES m HOGS SLIP 10 GENTS

Top Declines to $11.75 as 5000 Porkers Arrive ~ At Stockyards.

HOG PRICE RANGE Top Receipts July 2 icieetcncecinncenss $10.75 4,000 Julv : U essesecscessssssvine 10.90 July 7 60s0a00000000%00000 11.10 July 8 ssvasssssscsdoscsens 11.10 July Jay 1y uly July

20 cececcanernconsces. 11.35 3 cecieccccacecsresas 11.35 12 L.iiieercesacccess. 11.50 14 ceceecsiaocececess 11.85

153 ceveenceceee

7,000 5,000

~ Hog prices fell 10 cents at the Ei jose Indianapolis stockyards today, low-

‘ering the top to $11.75, the Agricultural Marketing Service reported. The decline was made all weights. Receipts today were esti-

mated at 2000 cattle, 600 calves, 5000 ate Am 1t

hogs and 1000 sheep.

te Qn

ound pound poung younc pound pound )OUNC

pound hpoun

360 Med. : Fi 200 pounds Packing Sows Ggod and Choice— 306 330 pounds -330- 360 pounds

Good— 3€0- 400 pounds 400- 430 pounds 450- 500 pounds

tt ft fk et pt Bt be © hd hh pd fh dk dk fd et

Bi 3) =300 10h Sh ED 8853333328

nap annne td fd ok nk ft ft NARS Hen

. 10.25@ 10.3 ... 10.15@10, HH . 9.8% Medium— 350- 500 pounds 5 [email protected] Slaughter Pigs Ce and Good— pounds

CATTLE

Slaughter Cattle & Vealers (Receipts, 2000) Steers

has 900 p ounds . 900- 1100 Dg 1100-1300 pounds 33%-1500 pounds

d 750- 900 pounds .900-1100 pounds 00-1300 pounds 00-4 -1500 pounds

um-— 50-1100 pounds

.- [email protected]

sav00ssttoc ee 11. in 10.2

9.50

t) 10.20 2

7 Se

N. Y. STOCKS

By UNITED PRESS

High Low Last Che Apres 30 INDUSTRIALS Yesterday .....coccoecave.oe 127.80 Week Ago sessesscssscans Month AO ...cecovsvssssaee WB{XYear ABO ......cr0vunn sainee 188,13 High, 1941, 138.59; low, 115.30. High, 1940, 152.90; low, 111.84. ; 20 RAILROADS Yesterday .... Week ABO coccevcestssscsnes Month AZO ..ccovecsscnsecce Year Ago High, 1941, 20.75; low, 26.54. High, 1940, 32.67; low, 22.14. 15 UTILITIES

ersecca evsesse sess

% Ya

82% 43 18% 8Y2 1

» >

r Reduc Aska han ih ‘pf ib e Ry 12 4 e p a legh Lud Stl.. 24 lied Chem ..161% ied Sigres 5 8 e res s ? A%

23% 161% 3 20.44 7 29.34 28.19 26.38

ecessccenssens

RREEREREED =

HS Amal Leath pt. Amerada

sevesssevane sess

>HBBBBBS 55% 5%

% Yesterday

High, 1941, 20.65; low, 16.82. High, 1940, 26.45; low, 18.08.

FHI HD ire HHH] . . ob oth + rg

High Gimbel Bros ees. Glidden 1 G OR inne Jol ya pt 3" Gotham Hos ... aM Paige.. T

{4 HHH

13, ‘Guant Sug of.. ii SUL Mobie Oh. 3% Gu M &, Oh pf. 19%; winflene Hall Print eeee 14% 147% Harb Walk . 20 20

D+]

3 18%

Dil

[nt t

{444144 Bon sas

n nt t

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(21 2S

nt nt nt nst

fo FSS

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. 68% —l—

oe 68%

Johns-Man 8

HHH HHH] LH

DOW-JONES STOCK AVERAGES

+0.09

+1.48 +117 +1.40

. Net Last Change 2 Scott, secretary of the Kansas City

- Ne

ee THE INDIANAPOLIS TIMES Grain and Livestock Prices Climb. Higher Here, Causing Big Shipments to Elevators, Stockyards

SHIPMENTS OF 'WHEAT BANNED

Kansas City Storage Space Is Practically Filled; Turnover Small.

KANSAS CITY, Mo., July 15 (U. P.).—Railroads operating through Kansas City today placed an embargo on ali grain shipped to Kansas City. for storage and indicated that a similar embargo soon would be placed in effect at Hutchinson, Wichita, Salina and St. Louis. The unprecedented action was taken because of the shortage of available storage space. Walter R.

Board of Trade, said that 85 per cent of the wheat arriving here has been going into public storage. As a result there is very little turnover and there is little prospect for more storage space in the near future, he said. L. M. Betts of Washington, manager of the Car Service Division of the Association of American Railroads, said there is no immediate

» | Prospect of the embargo being lifted.

From now on only “free” wheat which is intended for sale or wheat for which storage space has already been contracted, will be accepted for shipment to the Kansas City market, Mr. Betts said. He said that there is a total elevator storage space here of 45,280,000 bushels and that there are already 37,676,000 bushels of wheat in storage here.

RAILROAD SHARES AGAIN LEAD LIST

NEW YORK, July 15 (U. P.). —

2 Stocks advanced to new highs since Z|late January today, with the rail-

road average equaling its 1941 high. Trading increased over yesterday's pace. A long list of rails rose .to new highs, including Atlantic Coast Line, Gulf, Mobile & Ohio preferred,

By ROGER BUDROW

The big news lately in business has been in commodities. And commodities—grains and livestock in particular—are mak-

more money to Government is buying large quantities of foodstuffs for the growing Army, Navy, draftees and for lend-lease ship“ments to Britain. Farmers are receiving, more for the hogs they sell at the Indiaan polis stockyards than they have at Roger Budrow any time since October, 1937. A choice 210-pound hog brought $11.85 for every 100 pounds here yesterday, about $5 more than it would sell for three months ago. Wheat ‘prices were 95 cents a bushel yesterday, delivered at an Indianapolis elevator, and other grains likéwise have been bringing in good prices. Consequently, last week more than 1,500,000 bushels of grain, were shipped to Indianapolis, more than double the amount received the previous week. Livestock receipts totaled mere than 52,000 head compared with 32,000 head the previous week. Many other phases of business showed a rebound from the July Fourth holiday. Bank clearings and debits rose again. Building permits, inbound carloadings, electricity output, water pumpage all showed increases over the previous week while decreases were made by postoffice receipts, streetcar passengers and outbound carload.ings. The larger Indianapolis department stores reported their sales in the week ending July 5 were 20 per cent greater than in the same

“The public has spend and the

TUESDAY, JULY 15, 141°

Indianapolis Business Summary

Bank Clearings Bank Debits ........

seco scsnnn *e0ccsssvrens

Building Permits ...............

Apartments Business Industrial Public

“sts ster esentsctscen

Repairs & Alteratibns AR A

Applied for Jobs ...... Received Jobs . 3 Claimed Unemployment . Benefits (July 5) ... Freight Carloadings: Inbound . Cutbound

Electricity Output (kwh) ......... .304,730,000

Water Pumpage (gallons)

redone

Streetcar Passengers (July 5) ..... Telephones In Use (July 10) ...... Livestock Receipts (head) .........

Cattle Calves Hogs “ Sheep .....

Grain Receipts (bushels) ..........

cstv

sre even

$4%00cvees errs ssrrcacian

Soy Beans ..................:

Sources of above figures:

Indianapolis office of State Employment Security Division; Pennsylvania Railroad; New York Central; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis

Illinois Central;

.. $27,427,000 .$66,187,000 Postoffice Receipts ...........c....

Secs ecerresnrnerane . 0 sss scscsfsc rrr aneve

svieeisasiee

evs 0cscscgenn

eserves RreRRateS Ses0ccrencscnecesnnrencee $0000 00ss0c0sess0esserrs

sescncencone

Cec sece

Last Week Year Ago $20,798,000 $56,590,000 $88,196 $158,663 $129,150 0 $14,000 0 0 $15,513 869 292

Week Before ° $26,528,000 $60,608,000 $91,360 $155,535 $117,650 0 $22,400 B

Last Week

$80,725 $184,741 $169,150 0

0 0 $15,591 1,296 503

0 $15,485 1,026 511 1,027

1,130 2,518

2,991 1,930 11,688,000 268,890,000 1,143,064 —f 62,670 6,663 3,789 46,496 5,722 411,000 155,000 116,000 72,000 60,000 8,000

3,793 2,197 13,755,000

8,674. 5,152 12,546,000 289,090,000 1,333,468 +226 32,320 3,623 2,410 24,257 2,021 602,000 423,000 151,000 22,000 ° 0 6,000

1,197,688 +87 52,690 5,408. 3,178 39,961 4,143 1,510,000. 618,000 756,000 128,000 2,000 6,000

$1,377,620,000

1941 % Chge. Thus Far ‘41 vs.’40 $656,074,000 + 17.7 $1,677,028,000 + 21.7 $2,557,871 + 36 $6,322,472 + 49.0 $3,467,925 + 86.5 $2,837,125 $870,064 $1,176,000 $225,500 $616,817 28,999 14,662

51,798

1940 Thus Far $55,543,000

$2,467,834 $4,242,121 $1,859,030 $1,556,780 $652,542 $883,300 $77,126 $380,731 22,074 9,964

98,209

82,527 47,353 321,833,000 6,312,780,000 35,660,592 96,194 1,615,590 169,253 83,273 1,307,649 138,215 10,781,000 1,815,000 411,000 1,862,000 348,000 235,000

+ 314 + 5711

- 412

+ 16.5 + 239 + 16.1 + 62 + 35 + 96 - 35 - 210 - 23 - 90 - 18 + 63.9 + 65.4 +316.3 + 334 - 53.7 + 66.0

96,145 58,647 373,804,000 6,704,210,000 36,909,811 105478 1,558,879 123,635 81,3719 1,190,407 127,478 17,672,000 12,926,000 1,711,000 2,484,000 161,000 390,000

Indianapolis Clearing House Association; Indianapolis Postoffice; City Building Commissioner;

Baltimore & Ohio;

Power & Light Co.; Indianapolis Water Co.; Indianapolis Railways; Indiana Bell Telephone Co.; Agriculture Marketing Serve ice; Indianapolis Board of Trade; Center Township Trustee; Federal Reserve Bank of Chicago.

week of 1940, according to the Federal Reserve Bank of Chicago, For the four weeks ending July 5, Indianapolis stores showed a 15 per cent gain over the same four weeks last year. The district

Incorporations

(Seventh Federal Reserve) gain for the July 5 week was 30 per cent and the four-week comparison showed a 20 per cent gain. At the end of last week there were 1794 cases of relief in Center

Township, Trustee Henry Mueller reported, involving a cost so far this month of $13,175. This com=pares with 4622 cases of relief at the same time last year and an expenditure of $34,702.

LOCAL ISSUFS

FORCED SAVINGS *: JAPAN EXPECTS

Nominal quotations furnished by loca) unit of National Association of Securities Dealers. Ask,

s {Kan O Sou 5 Kan C Sou pf.. . 30% Kaufmann pf. "103% Kelsey-Hayes' A 157 Kelsey-Hayes B 6% Kennecott

dha: nabolls; Hangs. OF agen 10 ndianapo. 5 cha C. Johnso . 734 Circle Tower, In-

9.25 8.50@ 9.50

i go- $1300 pounds

750-1100 | pounds ‘ Steers, Heifers

Ne % Pittsburgh & West Virginia and Delaware, Lackawanna & Western.

These had gains ranging to more

Bids.

VR ein, Robert Harold auell. Logansport Jegis.

ssevesccs

Bid. %

Stocks Agents Finance Co Ind com...

Choice— '500- 750 pounds cesessess [email protected]

00d— .500~ 750 pounds ceeseesse [email protected] . Heifers

Choice— 350.3 900 pounds .. [email protected] ao 200 pounds .eceeccecces.. [email protected] Ms - 900 pounds [email protected] com 8.25@ 9.50

es0cccosnse

ssesecscenss

500- 900 ) pounds

(Yearlings excluded)

teccsrcstcssessttssee

8.998 50 8.00 7.50@ 8.25

2308118

13:3

Mediu . - Cro and common ..

veces

Vealers Good and choice ........ Sears 12 2 Soman and medium

Feeder and Stocker Ry (Receipts, 600)

Steers

[email protected] sesessosasers [email protected]

HH [email protected]

Choice 1500- G00 pounds 2800-1050 pounds

00d— 500- 800 pounds 800-1050 pounds

2550-1800 pounds

500- 900 | pounds

‘ Calves (steers) sGood and Choice— 500 pounds down ........ ean

*0cgeccscsse. essescscsncee

9.00@ 9.75

seve0eccsccne

Medium— 500 pounds down ........ Calves (heifers) Good and Choice— 500 pounds dOWD.c..cceoee 00 Medium 500 pounds down

SHEEP, LAMBS (Receipts, 1000)

Lambs (spring) Good and choice ... BMoujum and good . Common. ................. seses Ewes (shorn) Good and choice oses Common and medium .......e

CHICAGO LIVESTOCK |S

Cas 9.00@ 9.50{ Celanese

7.75@ 9.00 C

Ctiv [email protected]/ [email protected] ge

[email protected] Co [email protected]

La jos ;MDIcoON raat I

reve 30V2 Keystone Stl ... 13% Kinney 5 pf ... 36 Yi Kresge ss Kres

. 31% 3ucyrus Erie .. 10%

3u rasan Cl Budd Mfg pf .. 71 Budd Wheel oe 3 Troughs B pt.. a 3utler Bros .... 6% 3utte Cop&2Z dig 10

yers A yron Jackson. 9% Ce

Callahan Zine. 18 16 15-16 Calumet & H .. 6%

Laclede G

Lerner Strs .... L-O-F Glass ... Limb McN $ L HEE 3 eu 8g y P Line, i 292 Liq 15% « 3h Y Pon Btar Cant, Loose-W Bis u G&E A Lou & Nash...

ese 2 — 68% +

MACK TI eevee 3!

M M

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1 +:

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hk Gee

Gr ve cGiray Hill... Ks z Be new

sad Earp 1. elville 5

[= oo.

pes Dr OAL ado WOH Or tntd ttl Fa

ngel 5 pf ... i eens pra $d ia

nn 3 line pt i 1

ssion Corp

0-K. Tex Bt oe 1to

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than a point. Chesapeake & Ohio, New York Central and Southern

7 Pacific had small gains.

Steel and motor shares were steady to firm, utilities steady, aircrafts mixed and coppers higher. J. I. Case held more than 3 points

1 |of a 4-point rise and General Steel

1 4 Scott Pap 4 o Seab’'d Oil

Ya Ya

Castings preferred was up more than 2 points. International Har4 lvesier Squared | its high at 54, = 1.

Last Te 5 Jos Lead.. Sa ake Arms. . Schenley Dish

Lo. 18 124 1a, ‘4 314 ng

-3 att) BB C3 Di 00D Colas alan

Bon Ao

jo pon Por & Sug. . oeast Greyh L 0 Cal 8d .....

[++ H+ ++

Sid Brands pf 11 ! Std G & E 7pf 20 O Cal ‘3

. -

+++:

F144):

Superior ol. 2% Superice Su . i Swift & Co

He +L

In Sy ym-Gould XW.

Tenn Corp «...

. . «eo ..

2 | anti-inflation device

"|savings in this ‘country, with its

IN FOREGROUND .

Keynes, Sponsor of Plan in Britain, Visitor to White House.

By LEE G. MILLER

moment when heavy new taxes and possibly new price controls are in the offing, the visit of John Maynard Keynes to the White House is of special interest.

Mr. Keynes, one of England’s topnotch economists, has been credited in the past with having a finger in President Roosevelt's economic poli~ cies. Specifically, he is often said to have inspired or at least to have

to prosperity. Today, with problems of a different sort at hand, he is the chief exponent of a new economic mechanism, that of compulsory saving—an which the

British Government adopted in its budget this year.

Still Too Early?

It may be that Mr. Keynes still thinks, as he did’ some months ago, that it is too early for compulsory

enormous résources for the produc- | & tion of consumer goods as well as

and the

'WASHINGTON, July 15—|feh

ne encouraged the policy of pump-|3 printing—of spending our way back i",

munitions. But the recent and B

tration of tradem

Class 15: oils As AA en er Realty Co., Inc. 6th and Liberty is, agent, Max ‘Zeigler, same address; 50 shares no par value; real estate pusiness; Max Zeigler, Harry Zeigler, Saul eigle: Wilbert Waterproof Burial Vault Co, Inc, Indianapolis; change Clarence Downey, 1207 N. LaSalle St, Indianapolis. reat Lakes MoriEas ge Corp., Illinois cor oration, change of age ent to Dorothy Cushnie, 5231 Hohman Ave., Hammond. Winton Realty Co. Eli corporation; change of agent to Dorothy Cushnie, 5231 ohman Ave., Hammond. A. A. Lewis & Co., Hammond; change of agent to Eugene H. Lewis, 5258 Hohman Ave., Hammond.

Indiana Railroad, 250 W. Ohio St. dianapolis; Shang of agent to John is | Martin, same ad

The Garford Corp., Marion; dissolution by decree of court.

The Parke County Livestock Improvement Association, Inc., Rockville; no capital stoc Fre L Belles, Sohn E. Bradfield, Samuel T. vis. Greenblatt's, Dev Ft. Wayne; amendment changing name to Greenblatt's, Inc., of dndian The I & I. Pax Hunters’ Association 1, on, Ind.; no capital ‘William gf LL Charles mes, Fugene Knott and others. Mungie Pure Milk, Inc.,, Muncie; disso-

Mion State Treatte, Inc., Milltown; olut J. ulels & Son, Corydon; preliminary

tissoluti The Social Boys’ Club, Inc., of Indianapolis, 117 Lafayette St., Indianapolis: no capital stock; Jesse Smith, George Rhyne, Maxie Hannah. National Realty Management Co., Ine. New York corporation; withdrawal fae Indiana.

InT

ost Homes, Inc., 507 BE. 29th St., Anderson; agent, Ralph Manger, same address: 50 shares of $100 par value: real estate business: Virgil Van Lue, Emerson Manger, Ralph Manger. ‘The County Eardware, Inc., 18 W. Wash ington St., Sulli : ent, Woodrow J. Routt, same address: Fi shares without par value; hardware 3 Dusiness: Pig o otk Woodrow J. gon ock ras isnapolis; e M. Dickson

2 Wool lint Inc. * 86a Clifton a ent, Buren H. Wills, . Robert BL Orbison. ne

8 : hur . Clutton, Earl R. Conder and

of agent to

COTTON BOOM

Owners of Mills Object to Scrapping of Idle Machinery.

TOKYO, July 15 (U. P.).—Japanese cotton mill owners today pre-

anese monopoly on cotton textile

proposal to scrap all idle cotton mill machinery. The shortage of raw materials and decline in Japan's foreign trade have brought the wheels of many mill machines to a standstill and some economic planners, seeking to

J.|relieve the current. iron shortage, would scrap all of the idle mill ma- 3

chines. Mill owners have warned that an unprecedented world - wide trade war may follow the present hostilities and contend that Japan should expand rather than reduce her cot-

argue, Japan would be in a position to become the world’s leading|T cotton goods exporter.

Predicts Monopoly Shingo Tsuda, president of Japan’s largest spinning mills, the Kanegafuchi Spinning Co., is among those industrialists predicting that Japan

L may gain a virtual world monoply

on cotton goods trade following the

Agents Finance Co Inc pid...

Belt RR & Stk Yds ntd Central Ind Pow 7% pfd.....1

dicted a possible world-wide Jap- Li

trade following the present world]! ‘| hostilities and bitterly opposed a

ton mill facilities. By doing so, they|

40 ee Belt RR & 8tk Yds com...... 58 50 123 vine 32

Circle Theater com ... Comwith Loan 5% pfd........ Book Die Co com T Ft Warne Pi pid. 50

e T& ind” Asso a) Co ich Elec Be 10 a om

u v Co Ind B % pid. Pub Serv Co of Ind 7% pfd..12 *So Ind G 48% Terre Haute chlec Soo pid Union, n_ Title . an Van Samp a

Algers. Wins'w W RR 4's 5% 1 American Loan 3 B American Loan 5 4 Ch of Com rh To 4 Citizens nd, Jd 4s 6 Consol Fin Crabb- Revholds. Tavior eh I & T

Co. bi 66. . ] r Works 5s ss. Kuhner Packing Co 4'3s 40.. orris § ss 50..

necie N Ind Pub Serv N Ind Tel 4'2 "ub Serv 4 107% Pub Tel Co 4'as 55 0 Riel mond Water orks 58 57 104% ¢ Term Corp § xo dend.

DAILY PRICE INDEX

NEW YORK, July 15 (U.P). —

Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100):

3 dison - 1074 continuing rise in prices, an pressure for and against new Federal powers to avert an in onary ads 8 runaway of prices, may provide fer-| wimeriess Goel ahd’ Suoely, Ga, me ry tile soil for the Keynes theory. stock to 1500 hares of $1000 Jha value.

As modified by the British Gov-|poiog, Pritt cor-

Yesterday SRP NNN RE NN NNR 140.23 Week B80 «seseersesscacssees 140.51 MORN AY .ceevisasescssseses 137.15 Year ago sefsnnvesaenes 11481 1941 high (June 27) ........ ‘140.52 1941 low (Feb. 17) .......... 123.03

Texas Cor Tex G Sul..

G Tex PC 0... Tex Pac LT... Texas & Pac.... Chatcher - hermoid “se . Rompson Pr “a ide W A ou. . mk-D Ax

85.8

Hogs s—Recéipts. 13,000; moderatel hive strong to 15 cents higher; top, § 11.6 e 180-270 lbs.. [email protected]; m 390s - BE butchers, [email protected]: ata 3001b. afi-s00-Th Kirae $10 15 [4 3 50 50 generally

oChudeReces gud heifer trade Tig choice 1300-1b. steers,

a. war,

Tsuda said British cotton yan and piece goods exports dropped last year to the lowest level in a century and he predicted the Brit

tion of trademark ‘Re skin” —Class 4 foods end Ingredients of foods.

pe Inv t Bon of pf. Ne Bonda&Share Nat Cash Reg

M. Jones, Chicago, Ml: Jouistra-

J 22

fee BD

10% 2% 8

: 5%

rl 4

saves

BD hr heh fd ft 0) ht Pd nC

BL Ss, 800; steer strong to o 14 cents | Sont $12; next

ew oration; aS? from LAL: TT ainoss n Indiana,

SERRE RESERSIS a

t ; : t b

29% 10% 3

jgher $11°90 for 1250 Ibs.: mostly 11,50 trade: quality running Braet and choice S1ades: best yearlings 11.85, price also hala or 1000-1b. mixe jearlings; most hel fers Ln S1025@1L 50; best, 11.75; cows, pay: 2 ners and ident: | 8 mostly $5.75 798: ulls fone to, 15 cents higher at $9.75 down; vealers strohg; practical top, $12.50; few choice above Sheep—Receipts, 1500; slow: To early sales good ‘and choice native Shag lambs 3 S152 [email protected], around Ci ith best kinds held a $11.50 upward; fet yearlings and sheep steady.

OTHER LIVESTOCK

FT. WAYNE, July 15 (U. P.).—Hogs— 10 cents higher; 200-220 .1bs., $11.60; 180200 1bs., $11.50; 160-180 lbs., $11.40; 220-240 $ 0; 240-260 Ibs 40;

Ibs., $11.5 - he 1bs., $11.30; 280-300 Ibs. Ibs, $11.15; 350-400 Ibs., 1bs.. Ch 15: 140-150 1s. 1bs., $10.25; 100-130 lbs., $10; roug stags, $8. %. Calves, $12; lambs, yearlings, $8.

LOCAL PRODUCE

Heavy breed colored hens, 17c; No. 23 eolored hens, 14c; Leghorn hens, 12c: No. 3 Leghorn hens, %; springers, Barred and White Rock, 2 Ibs. and .over 17c; No. 2 ' springers, Ke and White Rock, 14c: Regnorn springers, 2 Ibs. and over, 15c: 2 Leghorn springers, 2 lbs. and over, Rs cock hy Oc,

i, JS14@38; No. 2. 36@3s%e. 30¢. 50. 3 20000

Butt Buttertat—No. 1, 36¢; 4c. PickYp prices quoted by the’ Wadley Co.)

FOOD PRICES

-¢ CHICAGO, July 15 (U. PE —Apples— New Illinois, 15¢@8$1.50. matoe -Oslifornia, loge: 41 $1. al 85. a

flower— Be $1. Te 1 Sse

$10.25@

rrots — California, . Letnice_Culiforni 2 Cl crates, Tenne bu., k)—Tiiinols

sac 25@1. is California Yellows,

i sn 85; Sows Yellows,

{el

Nn alers RITTTTHIE

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

10) Cont Mot

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Zenith Rad .... 13 13 PT) Zon 1% 1% ister U.S. STATE! MENT WASHINGTON July (U. P.) YR aL expenses and receipts ior current fiscal year through July 12 pared with a aly S89: Expenses $ 670,443,026.26 $ Receipts. 180; 37 Gross Def 489,618, 1476.89 . |.488,233,926.89 h 2.637.968.914. 3 997,423.46 190. :505,576.18

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i3| Keynes plan is to drain off excess

ernment, the Keynes plan works this way: Income-tax exemptions have been sharply lowered so that 2,000,000 more Britons have become incometax payers. But not all of the

“money they will pay is actually|9

“tax,” for part of it is be to returned—after the war, For example, a married man with two children who earns $1400 will pay about $98 in income tax this year, but about $69 of this will be credited to him in a savings account, against which he may draw,

OVer. Forecast Came True

The formula is also applied to corporations, in the case of the ex-cess-profits tax. England levies a 100 per cent tax on excess profits, but 20 per cent of this sum is to be refunded %o the corporations after

the war. The primary purpose of the purchasing power among consumers, an excess Which if unhindered would tend to force prices up. That is also one purpose behind our own|¢ and Canada’s Defense Savings Bonds, but these are sold on a voluntary basis. Another objective is to cushion the postwar shock by providing both individuals and corporations with nest-eggs on which to draw during the difficult transition from wartime to peacetime economy. Still another is to see to it that the small-income man comes out of the war with a part of the national savings which heretofore - have usually been accumulated largely by the well-to-do. Mr. Keynes, who is 58, has been in the public eye since World War days. In 1919, disgusted with the Versailles treaty, he resigned from the British Treasury and from the Supreme Economic Council and published, in 1919, his famous “The Economic Consequences eof the Peace”—a gloomy forecast of de-

in installments, when the war is|Ferry

Oliver B. McCror A Inc. B13 “Merc shange 5 of f agent . D. Royse, 13 Merchahis Bldg., ra Haute. Kalse & Sons Ke 419 Security Trust wide Indianapolis: agent, Max. M. Plesser, 0 E. Washington t., Indianapolis; 300 LL of $100 par value; manufacture, buy, sell, process and deal in new and fron and steel’ and metal products; Ral Louis Kalse. Sidney Kalse,

American Legion of Marengo, Ind.. Post No. 84, Inc., no capital stock: Charles E. Rogers. Harry Byerly, Roy Priset. alvary Evangelical Lutheran Church of Plymouth, Ind, Inc.: no capital stock; John M. Olds, C. J. Rusten, Henry Hepler. Jane Lee Stores, Inc., New Yor corporation; admitted to Indiana to operate restore Selling women's and misses’ wearing appare Munger-Dowham Lbr. Co.. Inc. 1307 t., Lafay Jette: agent, Henry I. Poor, afavette; 100 shares of Jans in lumber an building materials; hidias Dowham, Jack Poor, arles Loga

The Dewey-Shepard Boiler Co., Inc.. E. 1st St. Peru: agent, Jane J. Roller, same address; 200 shares preferred of $50 par value and 1400 shares common no par value; manufacturing hot water heaters. boilers and furnaces; Geo . Arnold, William H. Struthers, Jane 3 Roller

Corp.; Cramer, Sloan St. DeMoss & Sturgis - Grocery Co., Inc. Greensburg; dissolution by decree of

G.- B. Community Stores, Inc.. Illinois Sorsoraiien; admit to Indiana to enage general merchandise retail busi-

an Constryetion Co., Illinois Sorpors tion; admi Jed Indiana to engage in

eneral con . Mecha! ontragting, System, Inc.. Michigan corporation: admitted to Indiana to Manufacture and sell conveyors, machinery and metal products.

Defense Bond Quiz

Q—Does the Treasury provide systematic savings facilities for individuals not employed by those organizations which have payment» allotment plans? ,A—Yes. The Treasury has a regular purchase plan under which especially designed reminder envelopes are mailed at intervals of your choice, Nearly 100,000 people are already using this plan to “save systematically. Note—To buy Bonds and Stamps, go to the nearest postoffice or balik, or write to the Treasurer of the United . States, Washington; D. C,

(Dejavare core

620 "Central Ave $1 par value;

pression, later Woenmenteq with. a Veligeance,

for an order form.

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ish exports would be even lower this year. The industrialist holds that Japan should prepare to take over the world cotton trade because Britain after the war will not be in a positien to expand her sharply reduced output.

Companies Merge Japan's cotton textile industry, Tsuda explained, is being strengthened for post-war competition through a series of important consolidations. The nation’s 77 spin-

ning companies have been réorganized and incorporated into only 14

!| companies and the 37 weaving

companies have been consolidated into only eight companies.

FOR Cd

STERIL S

LALA

UNITED STATES DEFENSE BONDS AVAILABLE AT

JA AAL11]

CALIFORNIA WINES GAIN

SAN FRANCISCO, July 15 (U. P.).—Sales of California wines in the first four months of this year reached an all-time peak of 2, ,023 gallons, or 22 per cent mo an in the 1940 period, according to the Wells Fargo bank.

WAGON Op the close of the Chicago market today ‘Tndisnaveils flour mills” ander elevators paid red wheat A roa es on their m

WHEAT

ane gp 71c per bushel for Sharh vellow corn; No. ite Non. 76c: No. 2 white oats, 3

hAsit to_Ste_ the 12° *Chffordu) waren Hat

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