Indianapolis Times, Indianapolis, Marion County, 28 January 1942 — Page 16

AM Ar sn denna nse SE aii

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS cesses 110.68 Letsstaaistiees 10008 ‘eesttiaasesses 11098 1a: Year Age 126.00 High (1941-42), 133.59: Low, 108.34. High (1940), 152.80; Low, 111.84, 20 RAILROADS 236 —0.13 28.04 0.38 25.42 —0.22|Un Air L WI 0.76

‘WEDNESDAY, JAN. 28, 1942 Farm Prices Rose 35 Per Cent in ‘41

PAGE 16

BUSINESS

By ROGER BUDROW

DEPOSITS IN THE BIGGEST INDIANA BANKS increased considerably last year. But four of the six largest

Net Net Last Change Las change 20.01 “te -—1.89 —0.86¢ -2.60

Yesterday 0 Week Ago ... 1s | Month Ago .

Air Reduce 38 Alaska ER: A\llegh Lud Stl.. allied hem “i

\llied Store \llis-Chal Amal Leath

Cee

Ya ts hh

Deposits Show Big Increase | In Indiana's Largest Banks

on rG DY w ~~

gy ~~

‘ny 1 i

3a Ss

. Yesterday Ye

Week Ago Month Ago Year Ago High (1941-42), 30.88; Low, 24.25. High (1940), 32.6%; Low, 214, 13 UTILITIES

Besar ennen

og a

Crt ttas RR eR

PE ft CI BG Trt OY ro Gh bo

m CarkFdy Ny Am Com Ale... Am Crys Sug... 22

Am s Sug pf mS

#5 2,23, FERESER -~ a NRE BN

>» J BO SVB AIR +t 8D «FI 5 FD

PRODUCTS |

Lem! Un G -—0.29 —0.08 —0.08 0.30

14.18 1410 102 102 19.94 13.51. 18.03.

y Yesterday Week Ago Month Age Year Ago ... Year Ago High (1941. 1), 20.65: Low, High 1940), 28.43: Low,

4 ad

- -

Sete ettetRR RRL

Crib ete Rael

BsBrots Bre Bms » : EEE

Buds

@ >»

Fels el RRR

“w

po BAG Bw

SIRS d3 a ON CD O00

Righ

ais

Low 3s 5

Net Last Change | US

Hudson Motor. « H :

upp Motor Ziel Sy

a “@ > n

Il Central... $ 22 23 24 25 28 27 28 29 30 3 32 3 34 36 37 38 39 40194)

Ind Rayon

yas 19 21!

IY pr Ad Po Gh EN

9a 15 18

Rand

went down a few steps in the ranking of the nation’s biggest banks because other banks showed bigger increases in deposits than were made in this state. The Indiana National Bank of Indianapolis is still head Am Home Pr... and shoulders above the other banks in this state when it {n Yoo3 ™ comes to deposits, according to the tabulation of the Amer- in “Machanet - . . =m Ss .. ican Bankers Association. Am PardLt The Indiana National had deposits) 4m eat 5 sola of more than 160 million dollars at] No 21 Am Rel Jui ol the beginning of this year, compared | ’ Am Sure I Sai with 144 million dollars at the start! of last year. whereas it the 358th bank tion, it is now 80th place. American National Bank of Indianapolis boosted its deposits from 48 million dollars to 52 million dollars but its stand-

ing went from!

Roger Budrow 155th place to 185th. Merchants National Bank of Indianapolis increased its deposits from 41 million dollars to 50 and pulled its standing up from 179th place to 170th. Fletcher Trust Co. of Indianapolis followed closely with deposits increasing from 43 million dollars to nearly 50. Its standing went from 16%th to 173d. The Lincoln National Bank and Trust Co. of Ft. Wayne boosted its

deposits from 24 million to 28 mil-!

lion dollars and improved its standing—coming up from 279th place to 275th. Union Trust Co. 5 Indianapolis) showed deposits of 25 million dollars agai 22 million the vear before. x 298th in standing compared 96th the year before.

SES = = = COFFEE SHORTAGE? you believe it, remember that we have four million bags of the coffee bean this country | {enough for three months) and more than normal supply: that shipments are coming in from Latin America at a good rate; and that ceffee is a big factor in the U. S. friendship with Brazil, | biggest Southern American country.

= = = ODDS AND ENDS: Ayrshire Patoka Collieries Corp. Indiana coal mining firm, earned $1.41 a share in the six months ending Dec. 31, compared with 92 cents in similar period of 1940. Colors beets

do will grow more sugar irrigated land this year. CPA's threat to confiscate! ded sugar may be only a threat! beca ause it would be a big job to out such supplies. shortage of manila rope (for civilian users) is likelr because of loss of] imports from Philippines, possibly} East Indies . A 51 per cent increase was made in sales of group insurance last year. . . . $90.000,000 worth of farm products were bought in December for lend-lease.

Loc AL PRODUCE

Ibs. Rarred and colored, 13c; Leghorns

on hoar

ferret

. ie 4

VY Dee, colored hens, 3 lbs rail § : 18¢: heavy breed hens, < Fad

feathered, 16c Leghorn

Roasters 32 1 White Rock, 18¢; grades 3

3 cents ger e—C urrent

bs. and eoen ie. All No. fess) Cocks, 0c

receipts, 34 Ibs and wp

Gt aded Eggs—Grade A lar Sle; Grade A Med > Tec Grade yp Ty 25¢; no

—No. 1. 3R@GE38!zc: Neo. 2 36@| erfat, No. 1, 33¢; Neo 3 =] pickup prices quoted by the

Check Itching First Application

Agonizing itching of ugly eczema, Rash, fetter, Ringworm, Pimples, Scabies, Toe [tech is checked in ONE APPLICATION eof

BLUE STAR OINTMENT. Repeat as | B {1941-42 Low (Feb. 17) ...... 12303] Eng Pud s

geeded as natur® helps heal. Money back if FIRST far fails to satisfy. Try it today.

But, was | largest in the nain}

Before |

_ Plenty of water means makes out his return. Legal de-

Your Income Tax

In computing a Federal income tax. the taxpayer is confronted with ‘the problem of ascertaining, (1) his gross income and, unless the tax is computed under the optional simplified method, (2) his net income,

Armr Il pr at Armstrong Asso Dry gés': D

an Refining | « Atlas Corp

and (3) his surtax net income. The instructions which accompany the forms clearly and explicitly set out p how this is done. If, after reading them carefully, the taxpayer does not understand them, he should | B consult the nearest collector, or deputy collector, of internal reve-| nue. | Gross income, generally, is all in-| come derived in any taxable year, from any source whatever, unless specifically exempt by law. In any usual business, the gross income of the person operating it consists of |the gross profits on sales, plus any income from investments and inci- |; idental or outside operations or, {sources. The income-tax return must show gross sales, purchases, |and the cost of the goods sold, and [the inventories at the beginning’ {and end of each taxable year. In the case of professional men— la lawyer, a physician, an architect, la surgeon, a dentist, a clergyman, {a writer, or any other—there must

{

| Bangor &

Atlas Corp pf.. Aust Nich pr A. Aviation Corp .

ald Loco ct. Bais & Ohio... Balt & O pf r pf Barker Br pf. Barnsdall ..... Bath Ir Wks ... Bendix Avn

sos . 26

30%, 29%,

Ben Ind Loan.. Ben Ind L pf.. 51

! | Ben Co | Beth Steel ...

Blaw-K or Boethe ‘ Sond Stores Borden . org - Warher Brass ..

el... JUrling ton M..

ughs ash ¥ B of eo! ush Term utler Bros 3utler Bros of. .

| Byers

3yron Jackson

{be included in the gross income all |&

lany kind received for professional’ services. Net income is the gross income less the deductions allowed by law. The long-continued and varying experience of the Bureau of Internal

Caterpillar T. Celanese Cent Aguirre. Cent Foundry. . Cerro de Pasco

Chi S&S Ww

'Renveue shows that numerous er-| Sh G

rors are made by taxpayers in their |

income-tax returns due to their |

| failure to understand clearly what

deductions from gross income and Cleve EI Il pf 111 Cleve Graph Br aoe =

what credits against net income are allowable. The taxpayer, in his own interest, is urged to read over the instructions on the forms until he understands them, before he

iductions include business and pro- | fessional expenses, such as salaries, {pensions and bonuses to employees, taxes, losses, interest, depreciation, depletion, contributions, and similar items definitely set out in the instructions. An earned-income credit of 10 per {cent of the earned net income, not in excess of the 10 per cent of the | net income, is allowed, in addition ito the personal exemption and! credit for dependents, if any, for | the purpose of computing the normal lax. Surtax net income is the balance left after deducting exemptions and credits from the net income. From | this balance is to be deducted the! earned income credit and other items, specified in the law and indicated in the return, in determin.

2 mal tax of 4 per cent is to be | computed.

| DAILY PRICE INDEX 3:

NEW YORK, Jan. 28 (U, | Dun & Bradstreet's daily weighted | 2 | price index of 30 basic commotities, | compiled for the United Press] (1930-32 average equals 100): YeSteraay ..cicccccacesnss 155.52 Week ASO ..cettncecccnssecs 15422

| Month Ago Shree RRR 150.36 B

«12339 155.89

{ Year Ago .... 1941-42 High (Jan. 26, 1942).

cathe rs eer

The Home of TAILOR-SHOP CLOTHES Ready- ey yogrint Clothes With A Tailored Look and Fit

LEON TAILORING CO. 235 Mass Ava. “hm mee

WHEEL CHAIRS | Why buy one? Rent one at | HAAG'S ALL-NIGHT DRUG STORE

Men, QuIFITTERS 0 fivingstons tHE NUDERN CREDIT CREDIT STOME

125 W. Wash, SIs orth USE YOUR CREDIT at

FUR COATS

INDIANA a CO.

EE 13 OHIO

Sudrty Style without Eztravepance

: 22nd and Meridian i

WASTE | PAPER

AMERICAN PAPER

STOCK COMPANY R1-6341 $20 W. Mich,

SEE the new “EVERSHARP* PEN and PENCIL SETS

$8.75 cou

for Life

STANLEY JEWELRY CO.

\ Ge Eu

SHERWIN WILLIAMS

Has a Paint for Every Purpose. COSTS LESS Because It Lasts Longer

VONNEGUT'S

chee 4 LOA On Yor Bone

uh $ oe

BLDG. & SAKASSA.

bad debts, | &

| East

Chi RIXP § Chi RIXP V ot Chickasha C .. Chrysiet

1 Goh B 3 pf Climax Moly Co Cluett Peadb .

Colgate P Col Fuel Tron. Col & $5 “ Col So pf.. Col Poste: A

Comwlth Edison Cons Aircraft. . Cons Cig prpf. Cons Co 2 i Cons ison. Cons Cons Cons

Cons Cont Cont Cont Cont Cont

Co Corn Prod Crane Co Crown Cork.... Crown Feller

1614 . 20%.

2 23 3s 5a . 204 Ts 1%

0. | fees, salaries, and compensation of Te or 2

WR 3 pli | Chi Mail order

9- 13 1234 48x 313%

407s

« 332 9

213% 187% 98 65s

; 13%

{Crown Zeller of LR

Crucible pf. Cub-Am Sug. Curtis Pub... ou Pub pf.. Qurtiss- Wr

over: Barred ang ing the amount on which the nor- Su Wr A..

Cushman 8 pt.

Davega Sirs ... Davison Chem..

. 22%

11 I

.. 10%

“3

Dive Vortex A. me Mines ... Bo Pont .

Du Pont pf...

Air Lines. .

128 ilies

38 3%: 35 13

25%

«132%:

Erie pf A ®i. “is

! Eureka Vac ....

| Fair The bof.

Pan Whee! Fruehauf-Tr of it Robt... r Robt £ r Wood Ind F< of

poe

tS of... & O of .. all Print

Byes NR er Ne PW

Hoang Fu an Hollanger o

Watch | 3

-y oo

Cay vor y- SI ID «

FARA

= ® IDI“ VN LDS rrr ral T

353.93 ia

jngersoll Inland Stl ‘ Inspiration Cop 3 Insshs cts Md.. 6! Interlake Ir I |Int Business M 129 | Int Harvester... 5% g Int Hvd El a: 5 Int "Tht (Int ‘Int bt

13 25° 85 73 11

VUES

Pes | DBF re os AD =F

— MISCO SISSIES = TVD ED rt = IDG = IOS om

Walgreen Walworth

3 WIS D ot

arine

—--

pt oe tT CICO 1300 dn =i 13D

hw Pw BP. Ap Ha DD nT

D So Intst D S

Jarvis Co Johns-Man ... 568 Jones & Lgh... 5

pa er

TY CIT Ty et D3 C3 GO CHV =F OBB | US

—- Gs -

LOHLo CV wf en OFS SY i La at er ew yea SHEE LET tp ~ Baw

Kan C Sou.... Kayser Jul.... Kelsey-Hayes Kennecitt Kimberly Clk. Kinney $5 pf. ... Kresge SS Kress . Kroger G & B..

RSs - tt BSNS oe 8 — C3 pb pt rp ® Ee

tod KS DISD S EF

Oo ® G ) Overland + | Willys Overld pf Wilson & Co... Woolworth .... Worthington Bs

or .

1G 65

Jaclege GB coe

*l Yellow Tr ‘13 Young Sheet... 383% sii 93,

Leh V Coal B: Leh Val RR.... Lehman .. .. L-O-F Glass. Libby McN & nL Life Savers ... Li & M Lin Lig Carb Lockheed Airer. Loew's ! Lone Star Cec. Loong Beil A... { lard ...... 13% { Lorillard Bu «14634 Lou GRE A ... 17% *l fou & Nash .. 72's

A Zenith Rad ..

| WICKARD'S THREAT HURTS CORN PRICES

CHICAGO, Jan. 28 (U. P.).— Grain futures rallied moderately in 1, early dealings today on the Board | sof Trade after sustaining opening! 14 | losses that ranged to 5 cents a :* bushel for corn and soybeans. i | At the end of the first hour wheat ‘ 1s was off 1'¢ to 13% cents a bushel; BNanites COP 8 E $° 1°f |corn off 2c to 2':; oats off 5% to ane LG ¢ 1% 7%, rye off 2% to 2's; and soybeans cKes & Rob. elville Sh... 26 i5 | off 2 to 23%. *] Secretary Wickard's statement that every effort will be made to ‘1! {maintain reasonable feed prices set s; off a wave of selling in all pits at 1 the opening. Corn futures plunged 5 cents a bushel, the permissible limit, and soybeans dropped to within !'< cent of their limit,

STOCKS DECLINE IN LIGHT N. Y. TRADING

NEW YORK, Jan. 28 (U. P).— Stokes made an irregular decline today in light trading. No group developed a definite trend except the motors, which had fractional gains. Steels, coppers, . chemicals, rails and oils were narrowly mixed. Some sugars were firm with Guantanamo preferred at a new high at 65%, up 33. Xie Commodiites turned weak Rad cotton off $3 a bale.

. COCHRAN AND SCOT JOIN NORTHWESTERN

Evans Cochran and Ervin H | Scott have joined the E. A. Crane | x" , general agency of the Northwestern Mutual Life Insurance Co. here. Mr. Cochran has had nine years| lof previous life insurance experi-| lence, specializing in investment and 1 Boe contracts. Mr. Scott was] % connected with International Har- | | vester Co.'s sales department here h [the past six and one-half years. 5

U. S. STATEMENT

WASHINGTON, Jan. 28 (U. F.\) —Government expenses and receipts for the current fiscal vear through Jan. 26. compared with a year aro his Year 5 ar 5

93,

ZZZZLEEZZEE 2 o

at 0) OY putt

ft ft yA Nw

. £1 p fe

So La

ia ls 7

Motor Prod ... Mullins pf .... Murray

RSS RRS. w w on By

PEEERILLS

INS -Kelv INCh & St LL | Nas y 1 2 Fib pt { Nat Aviation .. | Nat Biscuit .... Sit...

i RG CN BD oe 5 CD CY i Ct A YC

Ob 5

ft pnt —- ay 5 Nw ft or - i $ Bao Ew

De on UD Cd I oe BY

~ ~ [CL

with |

cl Northw-Altlines orthw Te! Norwich Phar.

14 % |

i Qhio Ol!

BUNS a BB SERRE

°° = \ | :

its St ; : owens il Glass

Pac Coast ... Pac Finance . Pac G El. Pacific ills Pac. Tin Cons Packard Pan Am Panhandle Paramt Pict. Parke Davis Park Uta ho pating Mines.

. ie

ft ft punk Pa » ft ft

“=

Airw

Pm “wa - Paar Sr SP NT

BOS BOs (Gt fst OF wf bot od | ot YC pt «N05 05 IPD CSUN - Th 4 Gar RA EATER ~

Last Yea 98% 500, 318. 53 1310.580.7 1 5

4 b -

Beam ES

ww tanta

BXpenses War Spen Rece

- www

CD UD DU le OF wf pot 3 =F oh bt Fy lft ws [0G et = VD UDG -

rt CIS BIBS BOTrt BOs pes

i CH CSD pr I

Do DD Fad mbt =F CO PND eer 6 1 05 = Cd ie TY pet CY wf

13 127% 12%

“ ~~ p "” to OO pt 5

an ow»

Pub Debt. 59. Gold Res. 22,742,801.398.35 22.093.

INDIANAPOLIS CLEARING HOUSE

Pt pt pt CD PW - - -

por ard nA.

— UW BOTOID ret shin fut put Sas WRN D =I D WD

CHICAGO LIVESTOCK

Hogs—Receipts, 15,000: mostly steady, although extreme top 15 cents lower; 5 to 10 cents higher on butchers and sows: $11.85; ou 5 no Ibs., $11.50@ lv $11.6 gg and choice 160° 180 1b. lights, ar Wa 1.65; bulk good 360-500-1b. sows, [email protected]. Cattle—Receipts, 11,000; calves receipts, 800; general trade less active than earlier in week: rece ceipts more liberal; beef morket still sluggish, largely steer run; steers and vearlings steady to 25 cents lower, mostly weak to off 25 cents on medium to strictly good 1200-1500-1b. steers: top $14 75, paid for choice yearlings: severa loads, Sule 50: medium weights u i $ : weighty bulloc Sus a4 oads, $12.7 13.99 averages ve to common and medium grade steers turning at $11.50 down to $10 and below: stock cattle very slow, mostly [email protected]: medium weights 23 cents lower, but goed and choice kinas steady: best, $13.65, but strictly choice kinds absent: cows slow, steady; cutters, 8 down; bulls and vealers, steady

por we.

Quaker St Oil.

BOF... nm Cc.

- - p Sti ry hE ww

pt No BN Lh Py IO DY =F

pp we

- - Lad

several 1440-1b. NES €0: sharing downturn,

pr -

DBE “NG yO pd rr ~~

“ts wn #

Sheep—Receipts, 3000: late Tuesday: nt lambs steady to weak: strictly choice, 50; several! decks and doubles good 5) choice native and fed lambs, S19" a 12.35; strictly ANT 114-1b. weights and several loads medium good 78- b. averchoice fe . To0 Suves fo ice fat

- toe wg » po noe

-n ft > ad

als is

sheep scarce, eet

OTHER LIVESTOCK

AYNE, Jan. 28 (U. P.) — of:

- It ptt pot pt

dL ESE EES

5 CELE

pA rag

FT. Steady Yo 5 oenis at 180- 200 Ibs, ; l6b-180 -180 Ibe.

A GO) UD vt OF CO 15 ODS fr TY TH 3 US pet

CD pt pt pt ir bre at -.

1bs., Calves, $14.50.

25.3. SH:

Np aaa

CINCINNATI, Jan, 28 (U, ils ee 9:2 1bs.

lighter weights h 10- i. decrease; most

P= EAP PN

-- a I ad

CIEE

# ww Ee I

ft GOS #* NDS se i df IN i pt yt

receipts, ts higher; heifers, $12: steers, $12; bulk common £88 medium ‘slaughter steers and Deiters,

calves

oy - a

"PERSE na w

Studebaker Syn Oil ... Sunshine Min. Superior Oil. . Superior Stl.... th Pan .

Su 2 uf ett aden 55e

ed — B29 n a

-_ ” on af NRG ee

and $8.50 23; Sommon to s8@8 A bulk canners to cutters. NY

$8.50@9 7 active Sten good f Soa ie. ol gygalers and choice, a Sie, ay uly

: 0 omen and medium, ming-Gouid. . : Sa... eep—Receipt seviealiy nth. |b i Wy ewes,

By ed stea $4G4¢.50 WAGON WHEAT to the close of the Chicago mark t . Indianapoli AouE Jal, and ody. paid $ Ey 1.92 ushel for £3

| Tenn Corp .... ‘Texas Co $ | |e} out ¢F

000 Com

eighty sausage bulls to $10.40; vealers Yo De be

: Ind A Water Class, Y, com vee. 16% 30. | Finco n Co 5 3 4

30: IN Ind Pub Serv 6%

after our entry into World War I. slow this present advance considerably.

A 35 per cent rise in farm prices during the past year closed the gap between agricultural and industrial prices, this chart, prepared by Indiana University’s Bureau of Business Research, shows. index of wholesale prices now is about at the level of the third quarter of 1916, just before they zoomed The price control bill, which Congress has passed, is expeofed to

The

HEAVIER HOGS ADVANGE HERE

Weights Over 240 Pounds Sell 5 to 15 Cents Higher.

Prices for heavier hogs rose 5 to 15 cents at the Indianapolis stockyards, but lighter weights were unchanged from yesterday, the Agriculture Marketing Service reported. Weights under 240 pounds held steady and the gain was made on those weighing more than 240] | pounds. The top remained at $12. 15 (for good to choice 200 to 210

pounds. Receipts included 821 cattle, 386 calves, 4363 hogs and 916 sheep.

HOGS (4363)

(Barrows & Gilts)

to Choice— 140 pounds pounds

Gd 120

270 pounds . 300 pounds . 330 pounds . 390- 360 pounds ... Medium 160- 220

tf fs rf rn fs Jo fh fs DBD Drs rt ht DOV OOOCNOTIUIOO

wv 2aaRS253853

® 993 tp ts fr fo Po fn fn fs bt tie fot B03 BS03 3 0S Pa

Bo wIJanvoves

pounds

Packing Sows Good to Choice— 270- 300 pounds . 300- 330 pounds . 330- 360 pounds .....

Good 360- 400 pounds .. 400- 450 pounds 450- = pounds . Mediu 250- 500 pounds Slaughter Pigs Medium and Good— 90- 120 pounds

CATTLE (821) Slaughter Cattle & Calves

Choice— 750- 900 900-1100 1100-1300 1300-1500 Good— 750- 900 900-1100 1100-1360 | 1300-1500 Medium— | 750-1100 1100-1300

pounds pound pounds pound

38%2 523% 9983 £999

pounds pounds pounds pounds

oon

[email protected] [email protected] | Common —

| 750-1100 pounds 8.50@ 9.50 Steers, Heifers & Mixed

Chole oo [email protected]

> “350 pounds S500. 750 eee [email protected]

| cn Heifers oice— LN 900 cesscasasese [email protected] sansa [email protected]

pounds pounds

BEE

Sess tinnans

pounds

Shortage of Shipping Space Speeded Sugar Rationing

By JOHN W, LOVE Times Special Writer WASHINGTON, Jan. 26.—A growing Shortage of shipping is respon« (sible in part for the decision to ration sugar to the retail customer. This shipping shortage has been added lately to the factors of sugar scarcity mentioned by Price Administrator Leon Henderson in his announcement that rationing would start in a few weeks. The loss of the Philippine crop and the cut in imports from Hawaii

had been reckoned with when offices of the Department of Agriculture said early this month that a sugar shortage was remote. The proposed use of Cuban molasses for making alcohol for explosives would of itself still leave enough Cuban sugar for American consumption, accordling to official figures, provided it {could be brought to this country. few days after a reassuring | statement on sugar supply from his | department, Secretary of Agriculture Wickard spoke over Mrs. Roosevelt's radio program and called the sugar situation “the most critical” of our threatened shortages. This sped up the rush of retail customers to lay in sugar, and the run on the grocery stores was one of the reasons the OPA decided to announce rationing a couple of weeks before the system could be in working order. The “supposed foresight” of certain consumers of sugar who have laid in large stocks, mentioned by Mr. Henderson, is credited to a considerable extent for the fact that the United States has close to 1,000,000 tons more than it would have had if buying had been the same as the year before. Many consumers, remembering the scarcities of the last war, ignored the advice of Government and other agencies. Though the individuals who have these supplies of sugar are not to be allowed to benefit from them, their refusal to heed the official denials of impending scarcity now turns out to have provided a valuable stockpile. Their hoarding is. in part responsible for the fact that the United States now has 3,050,000

tons of sugar in hand or available

this year from mainland cane and beet fields and will have to import only 2,250,000 tons in 1942. More might be available if impomts and production had not been held down by AAA quotas and benefit payments. The country’s requirements of sugar, according to a recent estimate of the Department of Agricul

ture, are 6,666,000 tons, but the OPA is reducing this to 5,300,000 tons, which means a cut from 74 pounds per person to about 50 pounds (not including sugar for soft drinks and candw). Thus the American allotment is to be reduced from 24 ounces a week available last year, per person, to about 16 ounces this year. This compares with 12 ounces available weekly per person in England-—an increase of 4 ounces since October. Evidence of the demand upon ocean ships may be seen in the Maritime Commission's suspension last week of steamship service between the Atlantic and Pacific coasts. Discussions are commence ing between the Maritime Commission and the cane sugar refiners war committee over allotments of cargo space. The Japanese invasion of islands near Australia, menacing the route of American supplies to the Far East, is suspected of being a factor in the changed outlook for the sup=ply of ocean vessels. Prospects for the withdrawal of some of the ships ordinarily plying in the sugar trade between Cuba and the United States may be seen in figures on the sugar available

from Cuba.

tess nrenene

| Good — 750- 900 pounds | Medium-— 500- oS pounds [email protected] | 7.509 9.00

9.00 50

| comm 500- 500 pounds

Cows (All Weights) Good

edium Cutter and common | Canner Bulle (All Weights) (Yearlings exciuded) Beef— Go

0 [email protected] Sausa

2158 8:50

Chiesa eraanestatten

fier ssn astern

8.75@ 9.50 7.15@ 8.7%

Medium and Common ...... CALVES (386)

Vealers (All Weights)

Good and choice gommeon and medium.

Feeder & Storr Cattle & Calves

Choice— 500- Soo pounds «.......n ...8$11.00 Soo. 1050 pounds .........e000 10.75

o0d— Coos 800 pounds ...sesessceee 10.50 800-1050 Punas 10.00

Medium 500- -1080 ) pounds cersencesenss [email protected] 7.75@ 9.25

12.25 11.7%

i 3%

sss enctecen

800- 900 | pounds . Calves (Steers) Good and choice— 500 pounds down .... Mediume— 500 pounds down . Calves (heifers) Gooa and choice— ! 500 pounds dOWR (iiiaiiiians [email protected] |

Medium | [email protected]

[email protected] [email protected]

500 pounds down SHEEP AND LAMBS (916)

Lambs

Good and choice......... a 812 Matin and ROOG.......vuin » 1.00

| Comm

Tuariinge Wethers g| Good and choi

Ewes {shers) ood and choice. ines ommon and medium. .... ‘ee

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities

ocks Bid Ask

Agents i Co. _Ine Sous wR 9 Agents Finance S$. os pid... 20 . Belt RR’ Sti Yds Belt RR Stk Yds ora Bobbs-Merrill com . Bobbs-Merrill ¢%% od’ . el ircle Theater com Somwiih Loan 5% Ro foie Hook D oF Home T&T Ft ie 7% ld. 8 Ind Assoc Tel > ..102 bh 7 bd | 108

= a Ind Gen Serv 6% pfd . B& L 5% pfd ...

Indpls & L com 1 Water 5% pfd .

Indpls

N Ind Pub Serv 7% pid . Progress Laund Pub Serv of In Pub Serv of *So ind ast, 48% he Som... Union Title Co com .......c... van Camp Milk ~fd ...co0e0

2 03 i Van Camp Milk com ....ev00v 11 . Bonds

Algers Wins'w % XR 4%e.... 8 American Loan 5s 51 ... 7 Gent Newspaper i 42:8 nt Ne Tr ees ,{Ch of Co m Hide Co nN fh {| Citizens nd Tel Des % oe

Consul Cb pepe 8s 4 Ho! Go, 34 102 Ind 1 Co a gad 108 Indpls SPaL The Indpls Railway Ind Dis Water Co Kokomo Water is 8 fu - a 1haer Packing Co pe 1 i OT tores 50....1 Water Works 5s 65 . 104 04% y and A ers 3% o® ce enclll 8 “save

“es

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Vtory demands production, production demands money. To American business and industry, money frequently means bank credit. War necessities in large quantities are being manufactured each day by concerns which are making use of American National’s loanable funds. Listed below are some of

the known items.

Aerial Camera Lenses Aircraft Parts Ammunition Components Aviation Goggle Lenses Bomb-Proof Windows Bomb Shackle Releases Bomb Storage Racks Canvas Folding Cots

Communication Equipment

Control Assemblies Dies Electrical Construction Electric Equipment for Aircraft

Engine Washing Machines

Fatigue Clothes First Aid Pouches

Forgings Gauges Gun Range Finders Gun Tractors Housing Units Machine Tools Magnets Metal Stampings Ordnance Equipment Propeller Stands Radio Field Car Bodies Shells Shot Tank Parts Tent Lines and Poles Test Stands Truck Bodies

Furthermore, American National, along with other banks throughout the country, is coeperating in the defense program by assisting in the sale of Defense Bonds as well as by investing in U.S. Government securities. In such ways the American banking system is implementing its support of the nation’s war

effort.

AMERICAN NATIONAL BANK

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