Indianapolis Times, Indianapolis, Marion County, 7 January 1942 — Page 13

Page PDF (9.80 MB)

Back to issue view

WEDNESDAY,

JAN. T, 1

’

BUSINESS

Expect 60.000 Auto Workers ini3 Indiana to Be Unemployed Soon

——By ROGER BUDROW ABOUT 60,000 INDIANA AUTO WORKERS will be

out of work by the end of this month,

Abbott

according to union

officials’ estimates. as a result of the Government-ordered

stoppage of automobile production. But by next December the auto firms in this state will probably be employing more workers than they did at their

peak last June.

depending on how fast they are

The slack may be taken up much sooner, able to translate that five, | Am

billion dollar order for war goods into production.

furnished by General Motors ww the United Automobile Workers Union show that in Anderson, for instance, GM employment was 13.2353 in June, 1941, would be down to - a this Februa u up to 1441] yo December year In had ees in June, expected to only 1332 this February but gave

Figures

Muncie GM

no estima te of hog

Roger Budrow what it would be then on,

GM employment

needing from In Indianapolis (probably just Allison) 1941. was 94535, rising to February and staving th In the Chrysler pl

mn 12215 by ere

a F

ant at New

2365 employv-| 1941}

have |

June. !

{Am

HOG PRICES SAG:

20 GENTS HERE

9500 Porkers Arrive; Vealers Steady.

20-cent decline was made the

A at stockvards today, Marketing Service

prices

reported. 160 pounds were top

choice

Neights above

affected, which the

to $11.65

brought

down for good to

120 to 200-pounders. Vealers were

Castle employment has fallen from steady with a $16.50 top.

3300 to around 400 at present, ac-

cording to union figures, and at Kokomo employment fell from aroun 600 or 700 to about 50 now. | Union heads believe will be easier for the smaller concerns to change over to war production than for larger firms such General’ Motors There are a number of sm this state that make part automobile industry coupled with the fact tha probably continue making parts for repairs. may cushion the shock in this state, more than in Michigan. for example. =

“GET A HORSE" may not be just a jibe anymore. Horse and mule dealers are looking for brisk business from truckless small merchants and {ractorless farmers. Manufacturers of horse-drawn wagons and leather harness stand te profit also by the cutting out of automobile manufacturing. =

n i

all firms

for This,

in the

» =

= LOSE OF COCONUT OIL imports from the Philippines may hit the food industry before makers. It works this way: needs glycerin for explosives. Coconut oil highest glycerin vielder But glveerin comes from the soap-making pm If cocois used for glveer-

explosives. not

OD.

is the OCess food. no

That

nut

oil ni. no is probable,

» 2 ”

ODDS AND ENDS: and girls under 18

English bors

and earning

28 10 a week must pay Income taxes Chotce—

now Swiss manufacturers. with permission of British and Ttalian naval authorities, are continuing to send large supplies of curtain 2 country. curtailment and! facturing

material to this tire production suspension of auto manu (dll cut cotton consumption by at least 750.000 bales a vear Deposits and assets of Chase National Bank and the National City Bank two largest commercial banks in the world. declined during the final quarter of 1941 Britain's largest rubber plantation company. Anglo-Daftch Plantations of paid a dividend yesterday, a confident gesture considering the pres-| ent critical situation the East) Indies. The French Lick. Ind..! spa expects more business this year) which formerly went war-jittery Coates] Sips cities.

BUSINESS AT A GLANCE

By UNITED PRESS Appleton Ceo. year ended Oct. 31 net income $451,663 vs. $340,809 previous year. De Jay Stores, Inc. ended Oct. 31 net income 52 cents a share, after taxes. $25.777 before taxes vear ago Federal Theatres Co., vear ended Aug. 30 net profit $36.640 vs. $63,179 previous year.

in In

nine months $71.332 or

c |

Auto Common—

Java, :

VS. |

}

Tom Huston Peanut Co. vear end- |

ed Aug. $240 a share on shares vs. $204 070 or $1.96 on 100,-| 000 shares previous year.

30 net income $203.293 or! : 79,000 common | Medium

Cho

1300the soap- 4,

1300-1500 pounds Medi

Receipts included 1201 cattle, 600

d calves, 9500 hogs and 874 sheep.

140 pounds 160 pounds 180 poun

Good 140160-

11.25

this Top Slumps to os to $11.65 as

| APW

{Am

THE INDIANAPOLIS TIMES

PAGE 13

NEW YORK STOCKS

8y UNITED PRESS

IDOW-JONES STOCK AVERAGES

Last Chi |

Lab ....

1 Cp pf $30 ww Allegn cp f zw Allegh Lud Stl Allied Chem Allied Mills Allied S.ores Allied vores pl A lis-Cha 28 Am Annes Am Bank Note Am Can . Am Car & Fdy | Am C:ain & C Fogion 87 p! Hide Home Pr. Loco shed Loco pf Metal ... 0!2 Metal pf ..118 News ...... 28 . 15-18 . 213% 45 Roll Mil + 1134 R M cv pf . 36% Smelt y+ 31% Smelt 7 pf. 1453; Soult ...... 33 Snuff pf Stl Fdies Sugar pf Sumat IeET ... Am Tobacco . Am Tob Am Type % . Am-Vicose { Am-Vicose pf Am Water W Am Woolen Am Woolen pf Am Zinc Anaconda ... hac W& Cable Paper

Am Am Am Am Am Am

Am Am Am

Am Am

141% + 19% . 98 . 18 .. 134 . 473% . 49 «41a 2612 116 3's 53g 74 4!

Am Am Am

| Arch-Dan-M | Armour Ill

{ Armour Ill pr | Armstrong Ck so Diy Gds .. 8

ja mv .....

in Indianapolis the Agriculture

Atchison ..:«. 3 ehison nid ‘ At] C . Atl Saw pf. Atl Refining Atlas Corp

Aviation Corp i

Bald Loco ct B .

Beth Steel 7

| Black & Decker

30 35 05 1.00 on

220240- 27

t some will ated

Sows

75 63

fi0.50@ 10 10.45@10 10.40@ 10.

10.25@ 10 3.95@10. 9.65@ 10

50 30 10

30- 300 pounds ‘ [email protected] Slaughter Pigs mm and Good— 0 pound

CATTLE

Slaughter Cattle & Vealers Steers

. 10.00@ 10.85

Receipts, 1201)

ce — - 900 pound S00- 1100 por S

1100-1200 po -1500 pounds

730

- 300 pou nds pounds

1100-1 0 pounds

I RAD D

me 50-1100 pou

nds 100-1200 pound

nds

10.00@1 10.00@11. ommon 1100

750- pounds [email protected]

Steers. Heifers

{ Cholce—

300- 750 [email protected] od. G00 50

pounds

pounds ean Heifers 750- 200 pounds ood — 350- 200 Medium— 500- 900 pounus

pounds

500- 800 pounds

Good

nd common Bulls (Yearlings excluded) 0306

2 ]

00a 9.73

Vealers m..

30a 16 30a 213 30 9

Feeder and Stocker Cattle (Receipts, 600)

Chonler— 500- 800 800-1050 Good — 500- 200 po 800-1050 pound Meditm— 500- t0oe pounds ... Comm 500- 800 pounds Calves (steers) Good and cholce— 500 pounds down Medium— 500 pounds down Calves Good and choice— 500 pounds down Medium— 500 pounds down

SHEEP AND LAMBS 834)

[email protected] (heifers) ee. [email protected]

Savers,

(Receipts, Lambs

12.73@

Good . i 1a 12. 30 50@

Medium Common Yearling Wethers d and wii . .

Ewes shorn)

Good and choice .. Common and medium

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY RI-6341 320 W. Mich.

USE YOUR CREDIT at

MOS KINS

CLOTHING COMPANY

131 W. Washington St. Directly Opposite Indiana Theater

55 | Rutte Cop & 2 Byers

Byron

{

Blaw-Knox Boeing Air Bohn Al & Bon Ami B Bond Soores Borden “at Borg-Warner

gi: |

111.60 | Bdgpt Brass 83 | Briggs

Mfg Briggs & Strat

Bruns-Balke Bucyrus-Erie Budd AIg..... Budd Mfg pf.. Budd Wheel . Bullard : Bulova Ww

Burlington MO

Cal Calumet Campbell Wy | Canada Can Cannon | Carpenter | Carriers & Gen 2 Case J I 3 Caterpillar

nf Jackson

Packing &

Dry Pacific. . Mills St!

WL gu NY on

ah LD wl L300

r..

Celanese | Celanese pr pf 18!

| Celotex Cent

Aguirre Foundry ..

Viol Sug.. 137s

{Cerro de Pasco 29 Ceriain-d 6 prpf 28'%

Champ Paper

Champ Pap pf 98!

Ches

& Ohio 35%

Chi Gt

{ Chry slel

| Clark

| C

Co . [email protected] Co) Broadcast a 131, | Colum Gas .. 13 {Col

Col [email protected] Col Com { Com Iny [email protected] | Com | Comwlith $ 3 Comwlth & 8S p [email protected] comwith Edison | Conde 7.50@ 9.80 Cong-Nairn

| Cons

Cons 10.50 Cuntainer

9.756 10.25 sont

00a 0 Cont ne 00 Cont Mot Cont 50 Cont vot 00 Copweld Stee! 50 Corn EX Corn | Corn Coty

| Climax Moly | Cluett | Coca-Cola ) { Col

Ea 34 El lm of 11014 Co 43!n 362 78 13'% .. 10334 161%

lev

Peab

gate-P-P olgate pf 1 Fuel & Iron

" Gas pl... Gas. pif.... Carbon . Credti... Tro od Solvents & So

5 45 8 1 2

4 Hla 612 1's

a 5-18

Nast

Aircraft Sie ar Copperniin Edison Edison pf Fim sen

Oil RR cu pt Coal . Coal pf

| Cons

0303 Lo oa =] LY WL Pa @ a a » Wa

Bak Can Ins

ont Oil Del. Steel

Bnk . 3 Prod 55% Prod P 153, a

{Crane Co

Crane Cream Crown 5 Crown

Co cv Wht Cork .. Zeller

pf 9:

| Crucible St

50 | {Crucible pf 0! Cuba

RR pf

Cub-Am Sug

‘is 3 e.00@1 0.25 | Cub- Am S cvpf 18. ® 5@ 9.00 Cudahy .

11%

Cuneo Press ..

Curtis Curtiss-Wr

Da [email protected] Decca Rec

Del ‘D Lac

[email protected] |Der

Dow 13.00 | Dresser Mfg

oats Style without Extravacance

HATS #995 jo $398

fargest Variety In the City

Horny Jovenron

SHERWIN WILLIAMS

Has a Pah for Every pos COSTS Beruse it Lasts Longer.

VONNEGUT'S

The Home of TAILOR-SHOP CLOTHES Ready-for-Wearing Clothes With A Tailored Look and Fit

LEON TAILORING CO.

235 Mass Ave, “efit Block

SEE the new “EVERSHARP” PEN and PENCIL SETS

$8.7 Guaranteed

for Life

STANLEY JEWELRY CO.

\ ashington /

WHEEL CHAIRS Why buy one? Rent one at

HAAG'S ALL-NIGHT DRUG STORE

| 22nd and Meridian

113 W. Lincoln otel Bldg. OUTFITTERS to Men. Women and Children

[ivingstons Busi Wath, TH teat

| 3

Fair Fajardo

| Gen | Ge

Pub 1-18 2

pf ne & Co

>ga_cu

1 row ww ror

Pom Ct 7 en

GW pf

ad =d 00 | L009 =3 100 UY

Gh I nh Hwan ®

Mines Aire Chem

—

Pont ... Du Pont pf Duques 5 pf

———r— : Ft 03 pt pt TY pt pt Su et ID UII 00 ew} =F NN rt oe pet ED ie 1 Te C3 TY DIN OO

| = |

Air dines 25 il 2

The _ pf.. Sug. .

Fed Min & 8..

Fid Phen Firestone T.. Firestone pf A. First ‘a Flintkote

N Strs Florence Stove

Freept-Sulphur Fruehauf-Tr

Gair Robt Gomexell Co Gar Wood Ind Gen

Am Y..i Gen Am Tr. Gen Gen

Gen Gen Gen F

Gen

20 334 47x

44, 3%

— —

BH a Wee.

NL Wid | OVINCD et GD =F BIBI CD fn be C0 BO 1D Gt tpt rf Tr ob no Gb

- @ RE ay

Gen

-1

Gen e Gillette” 3 R

% Need a LOAN On Your Home?

Consult Us! ! !

BLPG. & SAV.ASIM

2 +1

aan

Ya is | Yesterday ...

4 1

30 INDUSTRIALS 113.99 —0.23 —0.36 | Month Ago —0.26 Year Ago .. aed High (1941-42), 133.39; Low, 108.34,

| High (1940), 132.80; Low, 111.84, : RAILROADS Yesterday Month Age .. Year Ago .. . High (1941-42). 30.88: Low, 24.25, High (1940), 22.61: Low, 22.14, 13 UTILITIES

Yesterday Week Ago Month Age Year Age .. High (1941-42), High (1940), 26.45;

20.65; Low, Low, 18.03.

Last 53% 60'2 1334

High Gimbel pres Gimbel pf Gidde Gobe Good Good Goody Goodyear pf .. Graham- ‘Phige Granby .. » | Granite C Stl.. g|Gt Nor Ore.. «Gt West Sug | Grevhound Cp Grumman Air E

= ul

3 15 [Harb-Walk

| Insshs cts Md...

® [Hat Cor 1 es Ie ...: Hecker Prod | Herc Pdr | Homestake .... 'Houd-Her B.... " | Houd_Ht Oil....

“haa

| Central. . {mM Cent pf. "Ee RET «..; Indpls Pw & Lt Ind Rayon Rand HH Cop

DS —

Inger Soul, Inland S Inspiration

bat GD 1G rt

“ rs

, | Interchem ‘ a | Intercon Rub {Interlake Ir I Harvester. . Hyd Fl A.. M Marine M& Cpr ’ Nickel 2 Mining

~F TDS DT Dre DISD ID

- =I =I DST) Dr DAL DBT]

Pa — 2 BWR BRAD

LT in

00 re UO LVL in NS =F BD

1 TOS Ch BS be LY pe ’

—~

& Tp sS ol Intertvpe

— 1

i Jarvis Co | Jewel Tea al Johns-Man | Jones & Lgh 3 [Jones & L pf A | Kalamazoo Kan C Sou 2 Kayser Jul ‘8 | Kennecott ‘ Kimberly Clk Kinney 5 pf . Kresge Ss

vo. 26 G&B

dd '4q th 4

S&F

tal lye

Kre | RForer

+1 Twin Cy R.T [Foe CRT hpi.

TL ue : « 11% 70%

Lorillard bof Lou G & E A {Lou & Nash. | [Mack Ir. . {Macy RH

hs Magma

hs | Manati

sug. cos 8 Marine Mid..

's Mar St Ry pr pf

-— 2% | la |

| Marshall “Fld 1234 Martin (Glenn) 253, [Martin Parry... 57x Mathieson 29's M . 46% 10 14 16 ? McGraw Hill 7 Y#!'McIntyre Pore. 32 1, | McKes & Rob. 10% McLellan St Melville Sh | Mesta Mach | Miami Cop Mident Pet. .... 1: Midland Sti.. 5 Minn Hny...... Minn-Moline .. Mission Corp... Mo-K Tex “ Mo-K Tex bpf.. Mohawk Cp. ... Monsanto ‘i Mont Ward.... 2 Mor & Ess .. Motor Prod ... Motor Whi Mueller Br ‘ Mullins Mfg B Mullins pf Munsingwear Murphy G C

: i Murphy {

Nash-Kelv Nat Acme . Auto Fibres Auto Fib pf Aviation Biscuit t Cen Corp

Distillers .. Gypsum . t Cypsum pf Lead

{Na ea iB | Newmt Mining Ind

‘2 Newport

Air Brake .

Y Central

Airlines Tel. A ® {Norwalk T

515 10% 35 1% wh

" “es 7!

33 6815 12 53 511% Pun 2 pf 10'2 El... 19%; 15%,

2 Ohio Oil *s | Omnibus | Of i

2 of... tis Elev

Otis Steel : |Owens Ill Glass

‘i1Pac Coast Pac G & : Pacific Mills... PSC T&T .100 Pac T & T pf..148 Pac Tin Cons.. 21 Packard . 2% Pan A Airways 151s Pan Am Pet... §! Pahandle

Cort GD ro tl WANN DN

[a A ras Da We

Patino Mines. . Penney Penn Coal & © Penn D Cem... Penn “iis Pepsi-Cola Pet Milk Phelps Dodge. .

pu" -

Net Change | 1

Vs = 1-32

34 | Timk-D Ax

» {Un Airer new 4b 3¢

2 | United Corp | United Cp bpf.. | United Drug... 4/Un Dyewood pf

|v [Un Gas imp, L 1

Net Last Change Phila Co 6 p - 2% Phila Co 7 IB. vive Phileo Corp .. 10% } 34 | Phil Morris ... 7 7 ecie Phillips Pet Dilisbuty Pitts Bogner

Pitts . 3 das Pitts 84 : i) Pitts Stl 5 12] Pitts | Pitts Stl 5 pf Ply 3 Oil EF B

2 Pullman Sa | Pure Oil ‘si pure x 4

Pure

@» 0

DW SW re pS EE Ee = ant

| =» |

1 ®

— DCI BIC

Radio RadioRaybestos ayvonier : ‘ Rem Rand .... Republic Stl Repub Stl pf A Revere C .

I DB S05 DO Aer - ea a Op po bd ee.

“

Noa

"or or ND DDS DD TINS

Ruberoid Geis Rustless I&St ..

St Jos Lead .. 32': Safeway 5 pf 110 St L- 2 Fan pf St I. So Cis Savage Avs Scheniey Dist Seabd Oil Sears Roebuck Servel ‘ Sharon sh pt. : heaf Pen . Shell Un Oil.. Simmons

32! 1093

13 9

CIV ot po ot Oe DS

fot 15 ot pond C43 C51

Socony-Vacuum Seo Por R Sug. : So Cal Ed South : South Ry . South Ry .pf.. 3 Sparks With .. Spear & Co ...

Dae GD CI Cb me FERN ABEND RON N

Cort rt BIBS be i pb bt Ht, RR ADD BED BD

C3 pt bt D3 BD 0 ATR A DAS =I RIDES CONS ww 2

BD rt Ld ln TDD ie DS ht CJ wl bt OT wd T= CI BITS SO

Noa -~ >

w w

AA NAA Ar Arie DANSE TOR ARAN

“3 bn

Spiegel Ine of

Square "1%

0il Ohlo iL Sterl Prod

1 1 1 1

8 | 4) ll Sunshine Min 4 3a + 4 | Superhtr vos 344 i vies | Superior Oil vies

: |Suth Pap .

| Swift & Co .... 24 =U | Swift Intl “ee 4 : - lg Syvming-Gould : 5 § Va

ois ograph { | Texas Co 3 | Texas Gulf Prod [Tex G Sul..... Third Av Ry Thompson J R | Fhomnsen Pr Thomps Star Tide W A Oil..

17g 38'& 2% 343s 2% 6 27 hE. 93, 33's 42! 41; 934 LY 6's 8 22 Ceas 2 — laf 98s 3 $f

2 :|

[on oo

Timken R B... z 1 Transamerica | Trans & W Air | Trans & Wms. . Truax Tra ‘“ 20th Cent-Fox 20th Cent-F pf

Bhs AD Dm D

{Un Airer Un Aircraft Und Ell Fis Union Union Carb Un BE M 4'3 pf 101 Un Qil Cal... 133g Un Pacific.

pf wi 102 rts 3-16 h. .. 32% P.. a

10134 Sg is is 16! 33's 32 — 8% H T I 8 = i, t 1 {Un Air Lines

1 Rk 1 a

-o

Te T8331 Ce 1 BS te IY

ANA arp Paar 4 ANAND ORDA

— re

Mer Dist S & Wy Gypsum. .

Stk Y ‘ | On Stores A...

Vanadium Van Norm Mch Va-Caro Ch Va-Caro 6 pf a IC&C pf Virginian

Walgreen Walk Hir- G&W Walk, H-GW ot Walworth . Ward Bak A . Ward Bak pf Warner Warner Warren X Warren Br Warren F&P Wash Gas Lt Waukesha

el Lad CN OO C3 en 45 03 an

~ »

pt po 3 NS tt pe 03 FT

Yt pt pt £5 05

Yt pt BO EO BD C3 3 1 OD er te

nam n

: 8 West Auto Sup. West Md ..

s $4.5

Phy Ay yr pind a amass

West Union

~~ 0 w-

St BND ol pe 0 Rpg SODA INONIN ~10 r=

Wilvls Overld pf Wilson & Co....

Worthington. .

Yellow Tr Young 8 Young Young 8

Zonite

OTHER LIVESTOCK

CINCINNATI, Jan. 7 (U. P.).—Hogs— Receipts, 3150: top, $11.75: weights er 0 "lbs. and sows, generally steady: 140160 lbs., $11.15@ 11.65: pigs down to $10.25; ood sows moved at [email protected] with few ghtweights, $9.75,

Cattle—Receipts, 405: calves, receipts, 250; steers, lightweight heifers and oy active, fully steady: medium heifers, [email protected]; good steers, $1505 common and medium grade slaughter steers and heifers, [email protected]; common to good beef cows, [email protected]; canners and cutters, [email protected]; common and meditm bulls, [email protected]: good sausage bulls, $10; vealers scarce, active and steady; hulk good end choice, $15@18: strietly choice, $16.50: common and om, $10.50@ 14.50; most culls, $9 dow |

Setbe foc ibis, 400: lamb supply small, ' market generally steady; odd lots good and choice trucked-in lambs, $12.50 13 common and medium, [email protected]: AH Spl FA 30 down; most fat ewes salable,

? (U,

lower;

PY.

FT. WAYNE, Jan. ] 180-3 200 foe.

20 cents bs., 1bs.. 1bs., 1bs.,

1bs., 1bs., oughs, $9.75;

5; stags, Lame $12.75,

$8.75. Calves. $16.

mounting and TORIC lenses for new price.

Price Reduced--This W eek

COMPLETE GLASSES—Call quick for this unusual offering. Modern stylish rimless glasses complete with “Gold-Filled” engraved

FAR OR NEAR VISION at our

15-DAY TRIAL

Convince yourself by 15-day test, at our risk, that this is a bargain. If not perfectly sat{shed after 15-day trial, monev refunded. Glasses ground on prescription.

Credit If Desired No Extra Charge.

LARGEST OPTICIANS IN AMERICA

Principals of this firm own a large optical shop and the largest chain of direct-to-con-sumer retail optical parlors in America.

Money-Back Guarantee . . .

NATIONAL OPTICAL

3,000,000 Satisfied Cuctomers 124 W. Washington St. Open Tues, Thurs. and Sat, Eves to 9 P. M. STORES IN PRINCIPAL CITIES

(nautics Authority to clip a million ja year from | Eastern Air Lines since December, 1939. The latter lost nearly 3 points

FD. R. BUDGET |~ FREEZES’ LIST

Stock Market Takes Huge War Bill With Scarcely

A Qualm.

NEW YORK, Jan. 7 (U. The stock market took the President's budget message with scarcely |a qualm today after a modest reel cession while the Street awaited the/ ,| giant war figures. | Leading stocks in the early after-

noon appeared frozen at prices pre-

:| vailing just before the budget was | ‘released. Some selective selling de-

veloped in issues that traders believed might be hard hit by new taxes. Aircrafts, in this category, were depressed fractions to more than a point in Douglas and United. Some oils reacted to the President's mention of favoritism toward this type of company in the present tax law. Standard Oil (N. J.) lost a point. Higher tax prospects sent Sears Roebuck down more than a point in an easier mercantile group. Soft drink issues lost small amounts | on indications their taxes would be increased. Airline issues were depressed by recommendations of the Civil Aerogiven

the mail pay

3 ville American Airlines was down

First of a Serie

Your Federal Income Tax— What to Do and Not to Do

(From the Treasury) DO

WHO MUST FILE A RETURN?

Every single person having a gross

income of $750 or more; every married person, not living with husband or wife, and having a gross income of $750 or more; and married persons

$1500 or more.

WHEN MUST RETURNS BE FILED?

P.) —| living with husband or wife, who have an aggregate gross income of

For the calendar year 1941,

on or before March 16, 1942, For the fiscal year, on or before the 15th day of the third month following the close of the fiscal year. i WHERE AND WITH WHOM|t MUST INCOME TAX RETURNS BE FILED? In the internal-rev-enue district in which the person lives or has his chief place of business, and with the collector of internal revenue. HOW DOES ONE MAKE OUT HIS INCOME TAX RETURN? By following the detailed instructions given on the income tax blanks, Form 1040 and Form 1050A (optional simplified form). WHAT IS THE TAX RATE? A normal tax rate of 4 per cent on! the amount of the net income in| excess of the allowable credits against net income (personal exemption, credits for dependents, interest on obligations of the United States and its instrumentalities, and earned income credit) in the computation of the normal tax net income; and a graduated surtax on the amount of net income in excess of the allowable credits (personal | exemption and credits for dependents) against net income in the

| 1

March 16, Dec.

complete audit of your return. ounce of care of unnecessary expense, and time and annoyance both to you and to your Government,

t to from $2000 to $1500 for a married person or the head of a family, and the change termining liability for a return.

with husband or

June 15, Sept. 15 and 15, 1942, respectively. If any nstallment is nct paid when due, he whole amount of the tax unpaid

is required to be paid upon notice

and demand from the Collector.

DON'T omit any explanation or nformation that is essential to a An may save you a pound

" ” ”n A very arresting fact in the 1941 ncome tax law is the lowering of he personal exemption from $800 single person, and

$750 for a

in the basis for de-

Every citizen or resident of the

United States must file an income

living his or or

if single, or not wife, and er gross income is $750 or over;

ax return,

more than a point, American Tele- | computation of the surtax net in- lif married and living with husband

iil declined nearly 3 points and | | New York Jove Shismuiding los lost a pointd

* GRAIN PRIGES FIRM IN QUIET TRADING

CHICAGO, Jan, 7 (U, P.)).—~Grain | futures developed a firm tone in + | quiet, early dealings on the Boaid of Trade today. At the end of the first hour, wheat was unchanged to up corn ip 1s to 14; oats up 4 to i;

2, rye up 3 to and soybeans up to 7s.

Trading in all pits was slow &s traders watched for legislative de-

33%

| deserve careful study,

velopments in Washington where {the price conirol bill is scheduled to be called up on the floor of the Senate today. Interest centered on| | the proposed amendment to the |bill which would give the Secretary of Agriculture a veto power over any form price ceiling.

U. S. STATEMENT

WASHINGTON, Jan. 7 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 5, compared with a year ago: This Year Last Year Expenses. $11,909, 308. 911.11 85, 318, 810.696.36 War BSR. 8,506,06 25 ‘ 9.037 Recei FL 218, a Net J Cash Bal. . Work. Bal Pub. Debt. Gold Res..

1 ' 7. 237, 1423. 64 .053.687.324.03 3) 136. 664.677 0 22 020,708,308.96

INDIANAPOLIS CLEARING HOUSE

3 your weekly or

$ 4.335,0

Clearings 11,929, oe |

Debits

(come, The surtax begins at 6 per cent on the first $2000 of taxable

income, DON'T DON'T prepare your income tax return until you carefully read and | understand the instructions accomvanying the forms. Make out a work-sheet and check it with the instructions before filling in the forms. DON'T delay in making out your income tax return. Tax problems and the early assembling of your data expedites this. DON'T, if your gross income is $3000 or less and is wholly from salary, wages, or other compensation for personal services, dividends, interest, rent, annuities, or royalties, file your return on Form 1040 without carefully considering the option to file the eimplified Form 1040A, since the filing of your return on either form in such case constitutes an election which prevents you from iilling an amended return on the other form. DON'T overlook the fact that for the majority of taxpayers the tax|© 2 for 1941 will be two or three times as much as for 1940 and that it is important for you to save out of monthly earnings, or otherwise provide, a sufficient amount to pay your tax when it comes due. For the calendar year 1941 the tax is payable on or before March 16, 1942, or it may be paid in

lor come equals or exceeds $1500; or if both |combined gross income of husband and wife equals $1500 or over, Thus single persons or

as $28.85 a week for required to file returns.

White 3c.

over, under 5 lbs, full feathered, 16¢; Leghorn hens,

White Rock, 18¢; colored, 17c.

A medium, 26c; grade,

Fed wheat 0 bushel and No. 3 white shelled corn, 79¢;

wife and his or her gross in-

have gross income, and the

married persons wt living with husband or wife,

who earn as much as $14.43 a week for the 52 weeks of the year, and married persons living together who

1ave aggregate earnings of as much the year, are

It matters not if the return dis-

(closes that, by reason of allowable |deductions, or |sonal exemption or for a dependent or dependents,

the credit for perthe' individual has

10 tax to pay; the gross income of

such persons must be reported to the Government.

LOCAL PRODUCE

Ibs.; Barred and 15c; Leghorns,

Heavy breed colored hens, 5 lbs. and full feathered, 18c; heavy breed hens,

under 4'5

Springers, 16c; colored,

ock,

12¢.

Roasters, 4'- lbs. and over: Barred and (

All Wo. 2 and up,

rades, 3 cents less.) Cocks, 10e. ngE88s—Current receipts, 54 lbs,

Graded Eggs—Grade A large, 30c; Grade Grade A small, 21¢; no

Butter—No. 1, 9 3Te 3g 6c: butterfat. No. 1, 34 (Country pickup pits dnd yn the

19c¢. 9

Wadley Co.)

WAGON Up to the close of the Chicago market oday, Indianapolis flour mills and grain elevators paid $1.18 per bushel for No. 2 (other grades on their merits). shelled corn was 74c per

WHEAT

3 yellow

four equal installments on or before| No. 2 White oats, 49c, and No. 2 red oats. | 49¢.

PREMIER TONIGHT 9:15

REAT MOMENTS IN MUSIC”

Tonight and every Wednesday "GREAT MOMENTS IN MU-

SIC" will present highlights from the world's great operas. Jan

Peerce, Jean Tennyson and conductor George Sebastian will

recall memorable moments from "La Boheme" during the pre-

miere program from 9:15 until 9:45 this evening.

FOUNDED 1897