Indianapolis Times, Indianapolis, Marion County, 3 February 1942 — Page 6

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TUESDAY, FEB. 3, 1942

Indianapolis Business Summary

1942 Thus Far $123,813,000 $343,300,000 $408,433 $484,488 $336,000 ® $51,016 0 0 $97,472 6,777 2,278

THE INDIANAPOLIS TIMES

NEW YORK STOCKS PORKER PRICES ARE UNCHANGED

DOW-JONES STOCK AVERAGES Top Remains at 4-Year

30 INDUSTRIALS Yesterday Cabbibbeueii 109.47 High of $12.65 as 6980 Hogs Arrive.

Week AZO ...coviceeissneess 110.68 Month Ago sesbsieasece 11399 Year Ago High, 1942, 114.22; low, 108.94. High, 1941, 133.59; low, 106.3%. 20 RAILROADS Hog prices remained the highest 2|in more than four years at the Indianapolis stockyards today, the Agriculture Marketing Service reported. Prices were unchanged from yes- . terday, leaving the top at $12.65 for . good to choice 200 to 210-pounders. . Receipts included 2487 cattle, 562 calves, 6980 hogs and 2858 sheep.

PAGE 6

G. M. DIVIDEND ONLY 50 GENTS

Cut

1941 Thus Far $107,400,000 $289,786,000 $404,932 $899,974 $250,500 0 $136,700 $372,000 0 $140,774 3,086 1,719

% Chge. 42 vs. ’41 + 15.3 + 185 + 09 -— 46.2 + 34.1 LX] - 62.7" -=100.0 0.0 - 30.8 4119.6 + 32.5

Week Last Week Before A Year Ago $26,318,000 $18,870,000 $74,547,000 $56,169,000 $86,788 $87,260 $169,543 $423,080 $158,750 $40,800 0 0 $3,000 $6,650 0 $360,000 0 0 $7,793 $15,630 1,600 626 512 364

Last Week Bank Clearings ....ccoivesceceeses. $24,691,000 Bank Debits ......co000v000000000..$76,341,000 Postoffice Receipts coieeveiereniees $88,014 Building Permits ...ccc0000eieeiees $98,361 Houses ... $60,900 Apartments ...covesi00ienrennns 0 Business ....ccocieiceieniencees $15,500 Industrial ...coevevenisncsnnenne 0 Public 0 Repairs & Alterations ...oec00000 $21,961 Applied for Jobs .... 1,432 Received Jobs .. 559 Unemployment Compensation Claims Filed ... Claimants Waiting ...sei00c00000iee Claimants Paid ... Freight Carloadings: Inbound ... 4,967 Outbound 2,786 Electricity Output (kwh) .......... 16,030,000 Water Pumpage (gallons) ceeees 243,420,000 Streetcar Passengers (Jan. 24) ..... 1,588,890 Telephones In Use (Jan. 29) ...ee0s +195 Livestock Receipts (head) ...o00eeee 52,361 Cattle 6,548 Calves cececreosensssssssscnces 2,423 33,360 10,030 739,000 470,000 29,000 204,000

Net High Low Last Change

Adams Exp .... 6% Air Reduc 3534 Alaska Juneau.. 23 Allegh Corp .... 9-32 Al Cp pf $30 ww 32 Al Cp pf xw.... 54 Allegh Lud Stl. 21% Allen Indust ... 3 Allied Chem ...140 Allied Stores 3 Allis-Chal ...... Alpha P Cem .. Am Ag Ch Del..

Net Hi Low Last Change Thompson Pr. . 2 261% 281, — Tide W A Oil 10% Timk-D Ax. .. Timken R B .. Jrensamercia r

Wms tof

40.36 40.01 —0.23 —0.04

+ %

Eg —1-32

+ % vgs Ys

67% 3% 23% 9-32 Sle 54 213g

140 512 287% 18% 23

67% 8% 2% 9-32 3 4

Makes Wall Street] Gloomy but Was Not Unexpected. Am Airlines An or Shoe ...

NEW YORK, Feb. 3 (U P)—|aAm Wall Street got a gloomy piece of A news after the stock market closed yesterday when directors of General Motors Corp. deciared a divi-|2 dend of 50 cents a share on the common stock. That compared with a payment of 75 cents a year ago and with three distributions of $1 each in|3i Rolt Mill the last three quarters. Is was the|Am Ship Bld bik 3 : {Am S.aelt “i smallest dividend voted since the/am Snuff final 1938 quarter when 25 cents|in Fo was disbursed. The cut was not unexpected. Ac-|im Tye F... companying the final payment made| Am wat w last year was a reminder that di-|a} Woolen bf 1814 rectors follow a conservative atti-|}naqends I> tude in their first quarter declara-|: tions. That is the policy even injam good years because it is then %0o|3imcir early to gauge what the corpora-[2ssp, Iu tion's earnings may be for the year. JAtl C Line .... However, with the huge organiza-|ilat cesn®. tions switching its activities from Atlas Pon of. automobile manufacturing to thejAviation Corp.. all-out production of war goods, the remainder was taken in some quarters as a hint that the first 1942 payment would be smaller than in recent years.

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Yesterday Week Ago Month Ago ......... TERT Year Ago High, 1942, High, 1941,

Union Union

El Un Oil . Un Pacific..... Un Tank “id Un Aircraft. . Un Biscuit ... United Corp United Cp pf.. United Drug.. Un Dvewoo Un Dyewood bf Un El Coal... United Fruit ... Un Gas Imp .. Freight ... Gypsum .. Ind Ale... Leath .... Leath A Play Card Plywood. . . Rubber Steel ‘es Steel pf ..1 fon . ved

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38 11g . 1, 28.91; low, 286.66. 30.88; low, 24.23.

15 UTILITIES

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+ 49.0 -— 43.8 + 304

4,078 3,796 12,107

687 977 3,182

396 2,061 1,770

2,736 6,750 9,284

498 974 2,972

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20,729 12,391 69,039,000 1,124,460,000 5,356,191 111,721 268,594 30,094 10,832 178,592 49,076 3,374,200 2,393,500 79,200 660,000 58,000 183,500

+ 123 + 2L5 + 13.6 + 21.1 + 18.9 + 10.8 + 24 + 4.3 + 11 — 1.6 + 18.8 + 12.2 - 8.7 - 17.2 +166.1 +421.3 +4418

18,467 10,201 60,780,000 928,780,000 4,504,290 100,815 262,355 28,881 10,719 181,452 41,303 3,008,600 2,620,500 95,600 248,000 11,000 33,500

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4,920 2,906 15,640,000 205,230,000 1,619,659 +193 55,472 6,314 2,270 36,827 10,061 1,001,000 758,000 28,000 160,000 12,000 17,000 9,000 Soybeans ..ceeveccecesscconcscs 24,000 38,000 12,000

Indianapolis Clearing House Association, Indianapolis Postoffice, City Building Commissioner, ilroad, New York Central, Baltimore & Ohio, Indianapolis Office of State Employment Security Division, Pennsylvania Ra » Illinois Central, Chicago, Indianapolis and Louisville (Monon) ; New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis Railways, Indiana Bell Telephone Co. Agriculture Marketing Service, Indianapolis Board of Trade, Center Township Trustee, Federal Reserve Bank of Chicago, In dianapolis Power & Light Co.

RETAIL TRADE ess ABATES SOME

LONDON, Feb. 3 (U., P.).— But ‘Stocking-Up’ Buying,

Adoption by the United Nations of an international unit to smooth out Makes Business Best On Record.

the bookkeeping job involved in the Allies’ huge war pool was forecast NEW YORK, Feb. 3 (U. P).— 5 The “stock-up” retail buying move-

in financial quarters here today. ment abated slightly last week but

4,128 2,224 13,523,000 205,230,000 1,339,342 +214 55,1317 5,649 2,484 317,049 10,555 532,000 453,000 14,000 44,000

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HOGS (6980)

(Barrows & Gilts) Good to Choice— 120- 140 pounds 140- 160 pounds 160- 180 pounds 180- 207 pounds .. 200- 220 pounds ... 22 pounds

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| Good and LI Min & Coro 270

270- 300 300- 330 330- 360 Good— 360- 400 pounds 400- 450 pounds 450- 500 nounds Medium - | 250- 500 pounds setate un | Slaughter Pigs Medium and Good— | 0- 120 pounds . [email protected]

CATTLE (2489)

Slaughter Cattle & Calves Steers

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Bad News for Some

Yale Yellow Young Young

&. Tove Rr. on Sheet . Stl D..

On the other hand, many Sources of above figures:

ers had been hopeful that the corporation would duplicate the payment made a year ago. The cut, therefore, comes as a bit of bad news for these individuals. Various interpretations werein placed upon the action. It is re-|Bui®in N alized that taxes will eat up a big- Bush N 44 ger share of profits this year than|Byron Jackson ever before in G. M. history, but with a huge amount of Government business on its books there had been some hope that the corporation could earn enough to pay the modest $3.75 a share paid last year. Directors apparently do not believe at this‘ time that 1942 earnings will be large enough to justify such hopes, but it is unclear yet whether that situation will reflect tax inroads, costs inherent in the switch{Ch Gt W Ry .. rom its normal peacetime activi-|S&h § ¥ } 3 ties. or the small margin of profit|ghilds

pf..1 2 1 Kennecott ..... 34: 3:4 BR stone 2 . 1 4 al mney “e . 16% 16% et Sas”. 1 1% Tr 15-33 15.83 "8

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Choice— 750- 900 900-1100 1100-1300 | 1300-1500 Good— 750- 900 900-1100 1100-1300 1300-1500 Medium— 750-1100 pounds ...envescnces 1100-1300 pounds .. Common— ¥50-1100 pounds

Steers, Heifers & Mixed Choice 500- 750 pounds « [email protected]

« [email protected]

pounds pounds . pounds eens pounds seseennienien

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No. 26

Your Income Tax

A professional man may deduct all necessary expenses incurred in the pursuit of his profession. These include the cost of supplies used in his practice, office rent, cost of light, water, fuel, and telephone in his office, the hire of office assistants,

— IONS + eS

x XY C . s| Leh Val RR een Lehman . a] L-O-F Glass . Libby Mc¢N & Ligg & My B Lima Loco . Lockheed Airc. . JOEW’S . ..... Lone Star Cem Lorillard Lo Adi & Nash....

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"BUT TRADE IS SLIM

NEW YORE, Feb. 3 (U. P)~ Stocks moved irregularly higher today but trading continued around the slowest pace since last August. There was little in the news of o | Price-making influence. More favorable reports from the Philippines were offset by progress of Japanese drives elsewhere. Chief news on the business front comprited the declaration of a 50- . cent General Motors common divi-

ft »

Cal Packing... Calumet & H.. annon Mills. . Celanese 5 pr » Case J ah. Caterpillar T e

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Good— Celotex 500-750 pounds ves Cent Aguirre. . Heifers Cent III Lt of.. Cent Viol Sug.. Cerro de Pasco Certn-td_6 pr o Champ P of .. Ches Corp Ches & O Ch E Il Ch E Ill A

2 Mack Tr ... Macey RH .. Magma ‘i Manati Sug ..

Cholece— 750- 900 pounds ood - 750- 900 pounds Medium— 500- 900 pounds .. ~0rimoon - 500- 900 pounds ‘

Cows (All Weights)

[email protected] [email protected] [email protected] 9.25

CONIC bet CO 1D -

It was suggested that a “sterling dollar” could be established as the common unit of account for supplies originating in areas not cove ered by the dollar, the pound

Marine Mid .... Mk St Ry pr of 6 Martin (Glenn) Martin Parry s| Masonite Cor NeCroty ..... MeGraw El McIntyre Pore McKes'n & McK'n & R

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Ch T vr pi. Chrysler ....... on Government work, or perhaps a combination of those factors. The dull stock trading deepened|c the depression in brokerage circles, which already had been suffering from the dullest January since 1919.

Prosperous Broker

City 1 Climax M Co .. Coca-Cola 5

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dend after the market close yesterday. That compared with a 75 cent in the first quarter last year. Bolstering indications that the cut had been anticipated. General Motors held near its previous of 33. Chrysler held 3% gain at 473%.

Bulls (All Weights) (Yearlings excluded Beef— ¥ )

Good Sausages«Goo MEGQIMIT ...ooiv viivivisne Cutter and Common

CALVES (562) Vealers (All Weights)

[email protected]

[email protected] 8.75@ 9.50 1.75@ 8.75

dollar value of sales continued at the highest level for this time of the year on record, Dun & Bradstreet, Inc. reported today. Retail dollar volume was estimated 18 to 22 per cent above the corresponding 1941 period compared with a year-to-year rise of 20 to 28

and expenses paid in the operation and repair of an automobile, based upon the proportion of time it is used for professional purposes. Many physicians use their residences both as their offices and

sterling for the currencies of the dominions and colonies. Apparently the United Kingdom will still find it necesary to use U. 8. dollars in payment for supplies bought outside the new pooling

Com Solvents .. Comm & Seo Com & So ¥ Comwlith Ed Conde Nast ‘e Cons Aircraft . Cons Cig pf ... Cons Coppermin Cons Edison Cons Edison pf. Cons Oil Cons Coa Container Cont Can Cont Ins Cont Mot Cont Oil Del .. Copweld Steel . Corn Prod Crane Co Crane Co pf ... Cream Wht .... Crosley Corp Crown Cork ... Crown Cork pf

scheme, so financial observers here believe that no change in the pres-

ent dollar-sterling relationships is contemplated.

their homes. In such instance the physician may deduct as a business expense the rental value of the rooms occupied for office purposes if he actually pays rent, and also the cost of light and heat furnished these rooms. Also, he may deduct a portion of the wages paid domestic servants whose time is partly occupied in caring for these rooms. Membership dues in professional societies are deductible. |] Physicians and dentists who keep in| 3 their waiting rooms current maga- : zines and newspapers for the bene-| fit of their patients may deduct this item as a business expense. The cost of professional journals for the taxpayer's own use is also a deductible item. The cost of techinal books is not a deductible item, being a capital expenditure, but a proportinate amount for each year’s depreciation of the books may be deducted. Depreciation may also be taken on office furniture and equipment. Insurance premiums on office or other professional equipment may be deducted. A premium paid for automobile liability insurance should be apportioned and that part of the premium attributable to business may be deducted as a business expense.

Mullins x | Murray

os G1 G3 NT

per cent the previous week. (From Washington the Federal Reserve Board's weekly report on department store sales also indicated a tapering off of consumer demand. The Board reported sales in the week and the four-week periods ended Jan. 24 were 34 per cent larger than the comparable 1941 periods, whereas in the preceding week there was a gain of 45 per cent.) Retailers’ report indicated,” Dun & Bradstreet said, “that the stockup buying movement, although somewhat diminished from the peak of a week ago, had not yet spent its force. “Multiple purchasing still accounted for an abnormal volume of sales in articles which consumers had singled out as being subject to shortages in the future, quality changes, or price increases. “Retailers who tended to regard the trend as not only abnormal but unhealthy had suspended promotional activity on many items and in others had instituted informal rationing schemes.

houses, nevershow a small

Good and choice .. [email protected] Common and medium......... [email protected] Cull ‘ sivas nunonne 1.006 9.00 Feeder & Stocker Cattle & Calves Steers

Fertilizer shares met support. International Mining & Chemicals preferred moved up a point to 5315, Railroad equipments also met demand, Lima Locomotive and Pullman reaching new 1942 tops on narrow gains. Coca Cola dropped a point but Pepsi-Cola held unchanged. A few specialties like Twin City Rapid Transit preferred, Van Raalt, and the Pacific Coast preferred issues scored gains of a point or more. J. I. Case and Vick Chemical were among issues down a point or more. Union Pacific reached a new high on a small gain. Fractional gains predominated elsewhere in the main stock list.

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities Dealers.

There are a few theless, which still profit from their business. Yesterday, for instance, Merill Lynch, Pierce, Fenner & Beane reported an average profit of 75 cents on each transaction made during 1941. That admittedly modest average came to a respectable total—$459,258—because of the huge volume of business which this house, the largest of its kind in the world, did during 1041.

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Choice— 500- 80C pounds 800-1050 pounds

00d— 500- 800 pounds ...sssseesces 10 8 800-1050 pounds [email protected]

Medium— 500-1000 pounds .eeeveccienss [email protected] Common — 500- 900 pounds ...... Silva we 1.15@ 9.25 Calves (Steers) Good and chonice— 500 pounds down ......... Medium-— 600 pounds down Calves (heifers) Yooa and choice—

500 pounds down . all [email protected]

500 pounds down [email protected] SHEEP AND LAMBS (2858)

Lambs

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INSURANCE on Fur Coats

+e. yourturs and fur-timmed garments can be protected against "All Risks" of loss or damage. A ‘Gain Dealers Mutual” “All Risks” policy protects yous furs against burglasy, theft, holdup, ce, flood damage, malicious

bief and vandalism. Ine misc Ss ;

pr OF oes How Cad CN 560 ppg ow

[email protected] [email protected] [email protected]

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Dairy . Distillers. Enamel ... Gypsum, , Lead .y Mal & St C emt

Pet seccscnn,

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Good and choice Medium and Common ..

Davega cu bof i Davison Chem Ohio Oil Omnibus Omnibus pf ... 76 Otis Elev Otis Steel 4... Otis Steel 1 pf. Owens Ill Glass

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Yearlings Wethers Good and choice. > sedi eve ene 10.0 Medium 8.5

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3.00 3.75

CHICAGO LIVESTOCK

Hogs—20,000. Moderately active and steady to 10 cents lower; top, $12.40: bulk 180-300 Ibs, [email protected]: 160-180-Ib. lights, [email protected]; > weights averages 130-150 Ibs., $10.75@ 11.50; good 360-500-1b. sows largely, $11.35@ 11.90; extreme weights, $11.25 down. Fat lambs

6.00 5.00

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Pac Am Fish... Pac Coast ...;. Pac Coast 1 pf Pac Coast 2 pf Pacific Mills Pac West Oil . Packard i Pan Am Airway Panhandle N Paramt Pict .. Parke Davis ... Parx Utah .. .. Patino Mines . Penn Coal&C .. » {Penn D C pf A Penn R owe 3 Peoples Gas .. Pepsi-Cola ..

Bid Ve 20 4

Ask 9

Stocks Agents Finance Co. Ine com.. Agents Finance Co Ine pfd... Belt RR St: Yds com Belt RR Stk Yds pf Bobbs-Merrill com Bobbs-Merrill 42% Circle Theater com Comwlith Loan {% pfd Hook Drug Co com Be shbs Home T&T Ft Wayne 7% pfd.. 50 Ind Ass)e Tel 5% pfd 102 td & Mich T% 108 Indpls Gas com Ind Hydro Elec 7

Indpls P Indpnls P & L com Indpls Water 5% bp Indpls Water Class A ¢ Lincoln Loan Co 5%% pfd.... 8 Line Nat Life Ins com . N Ind Pub Serv +%2% pfd .... N Ind Pub Serv 6% N Ind Pub Serv 7% Progress Laundry com {3] Pub Serv of Ind 5% pfd 4/Pub Serv of Ind Inc com.... So Ind G&L 4.87% p (situs Union Title Co com Van Camp Milk ~fd Van Camp Milk com ....

Bonas

Algers Wins'w W RR 4'58.... American Loan 58 51 American Loan 3s Cent Newspaper 4'zs 42-51 ... Ch of Com Bldg Co 4!: Citizens Ind Tel 4Vis 61 Consyl Fin 858 860 ..... Crabb-Reynolds-Taylor 5s 42 .. Home T&T Fi Wayne 6s 43... Ind Assoc Tel Co 3'zs 70 Indpls P&L 3's 70 ...... Indpis Railway Indp!s Water Co 3's 66 ... Kokomo Water Works 5s 58.. Kuhaer Packing Co 4%s 49.... ¢ Morris 5 & 10 Stores 5s 50....100 Muncie Water Works 5s 65 . N ind Pub Serv 33s 69 N Ind Tel 4lis 5s : Pub Serv of Ind 4s 69 ......... 106 Pub Tele 4lbs 65 99 Richmond Water Works 5s 57 105 Trac Term Corp 58 67 ....... 73 U 8 Machine Corp 58 51..... . 97 *Ex-dividend

Incorporations

Promotions, Inc, 331 K. of P. BAL Indianapolis; agent. F, W. Young, 1 W. 28th St. Indianapolis; 2,000 shares no par value: general advertising agency; Mary Paxton, Frank W. Young, Mary P. Young. Rio Construction Co., Inc., 1068 E. Market St.. Indianapolis: agent, Ephraim O'Harra, 4730 E. Ne wYork St. Indianapolis; 1000 4lshares no par value: real estate agency and brokerage business; William R. Fogerty; Walter ©L. Barrett, Ephraim O’'Harra. The C. W. Poe Co, Ohio corporation; admitted to Indiana to deal in mineral wool and other insulating materials. La France Industries, Pennsylvania cororation; change of agent to Jacob 8 hite, 1511 Merchants Bank Bldg. dianapolis. Citizens’ Loan and Trust Co, Lebanon; amendment changing name to Citizens nk and Trust Co. of Lebanon, Ind. Bonbrook, Ine. 2 Bonbrook drive, Wabash; agent, Morris S. Mossler, seme address: 250 shares of $100 Rar value; real estate business; Morris S. Mossler, Jessie K. Beitman, John W. Holstein.

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N N Nepor nd Newpt News Sh NY Brk.. i [NYC&St L of The report of the partnership WI NRE &' i 3g | Noblitt Sparks vet put out by a Wall Street brok-|Crown Zeller .. Norf & V est .. erage fi t Wi deeply into the|cub-Am Sug ... 21, I No Amer 5% of erage firm. It went pi) Cub-A Sug 4 NO Amer 3 LL | vit] 1 | Cutler- No Pacific .... activities and ought to be ‘made Cutler Ham ... cout Re Pali Saki “must reading” for those individuals hasnt come very far from the “pucket-shop days” of the 1920s. AND 3

“vy N AlY \ N.Y Central | 13! NY NH & H pf was rather exhaustive and the best Crucible St No Amer partnerships’ various operations and | <iTHS Wr Ae a who still believe that Wall Street st

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WASHINGTON, Feb. 3 (U. P.).— ka Senator Elmer Thomas (D. Okla.) Elec jute charged the Administration today | Elec Pw with refusing to give the farmers|EL P & L «a break” as Price Administrator | {1 Leon Henderson and Secretary of [En Acriculture Claude Wickard issued a joint statement expressing “complete agreement” on the objectives of price control legislation. «Successful prosecution of the war by ourselves and our allies requires that the disorganizing influences of | B inflationary price movements be eliminated,” Mr. Henderson and MY.|Gabriel A Wickard said. “Preventing war- Qamewell, oo time inflation will minimize the

“Policies of this sort were credar RTOS jo we niCT Yat jumbsited with some of the slackening stHetly choice fed ‘lambs, $12.40: bulk ‘good down which was noted. Gaps which an choice to 0 Se, 12. PD 25: fev bid weights. $11.85 and stato @12.35 | had appeared in stocks of a few o unso ate; sma ots fat yearlings, $10.25 i @10.20; best fed ewes, $6.75; foda's Si the lines, narrowing the choice o styles, colors, and sizes, also accounted for a let-up in demand.”

Practically no early sales: bidding around DAILY PRICE INDEX

25 cents lower, or $12 down on good to choice native and fed range lambs; holding few decks strictly choice handyweights, §%3° and up: choice fed ewes steady at Ud, hos Sone. Calves lon, Good and 0 yearlings and choice weighty steers gong, HRI others slow, steady: Mateely, NEW YORK, Feb. 3 (U. P)~— < a HY . 3 319- r " a et SPRUE UIE SSIES Dun & Bradstreet's daily weighted 813.25@ 14; strictly prime i vearlings held above $14.85: Rettors stony price index of 30 hasic commodities, compiled for United Press (1930-32 average equals 100): Yesterday cececcecressscened 15414 Week Ago cevsvessesnveneses 190 Month Ago res rssvssvesrses erly Year Ag0 .cocossevvercovvena: 13334 1942 High (Jan. 26), 155.89. 1942 Low (Jan. 2), 151.54,

cows weak to 15 cents lower; bulls fully LOCAL PRODUCE

steady; vealers weak at $14.50 down: few at $15; heavy Saushge bulls to s1095, [DN Springers, under 4% Ibs, Barred and Wh te Rock, 16c: colored, 15¢: Leghorns,

most beef cows, $8@8 Heavy breed colored hens, 5 Ibs. and over, full feathered, 18c; heavy breed hens,

OTHER LIVESTOCK

FT. WAYNE, Feb. (U. P.).—Hogs— Ibs, full feathered, 16¢c Leghorn hens, 12¢

3 S to 5 cents higher 180-200 S., S., § 2.40; 160-180 1bs., Roasters, 4% Ibs. and over; Barred and hite Rock, 18c; colored, 17e. All No. 3

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steady; top, vy 250-270 1bs., 35: 300-400 1Ibs., $12.20; most medium good 140-160 !bs., [email protected]; 100-140 Ibs, $11012: most good sows, [email protected]. Cattle—425; calves—300: steady: common and medium slaughter steers and heifers, $8.50@ 11: medium to good heifers around 150 1bs., $11.50; common to good beef 's, [email protected]; canners and cutters, $6 common and medium, $8.50@10;

1bs., Eggs—Current receipts. 5¢ lbs and up v good bulls, $10.25; vealers steady on small supply; good and choice, $13.50@

Ibs. Ibs. c. Graded im A large, 30¢; Grade A Medium, 27¢; Grade A small, 24c; no 14.50; early top, $14.50; common and me- dc, ; most culls, $8 dow Butter—No. 36'¢; butterfa

1bs., Calves, » 1. 37% @38¢; No. 2, 36@ . Sheep—175; steady: few good and choice t, No. 1, 340; No, 2, 3i¢. lambs, $12.50@13: one short double clipped| (Country pickup prices quoted by the lambs with 90-120 growth of wool 1575: Wadley Co.) SX scopmon ambs, Pons] 50: fat ewes,

U. S. STATEMENT

WASHINGTON, Feb. 8 (U. P.). —Government expenses and receipts for the current fiscal year through Jan. 31, compared with a year ago: This Year Expenses. $14,183,827,573.20 WarSpend 10,314,940,792.87 Receipts... 4,743,557,9717. Net Def... 9,367,168,445.88 Cash Bal.. 2,950,146,807.43 Work Bal. 2,190,804,821.29 Pub. Debt. 60,011,579,351.27 4 Gold Res.. 22,746,897,760.34

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WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.19 per bushel for No. red wheat (other grades on their merits). No. 3 yellow shelled corn was 74c bushel and No. 3 white shelled corn, 8 2 white oats, 54c, and No. 2 red oa

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Gen Am Tr .... danger of another post-war defla- Gen Hectic: o tion, and so contribute to winning seh 5 the peace. gen Gen is now especially important that|zo wh effective, positive steps be taken to oo eh tt stabilize the cost of living. The|Gilette S $5 p Gobel, Adolf Office of Price Administrator intend goche! Brew to pool resources to do all they can Goodvear ~_.. to accomplish this end.” Graham Paige. Senator Thomas said in an inter-| Grand Un Xcts Grant pf i ve farm prices risen to the level St Jor Qf: industrial prices. Gt West Sug .. “Now, if we let industrial prices|Greyhound Cp. soar and the farmer is held down |&iimman Air B Guant Sug pf.. prived of a break which has cecurred to him only threes times before in history,” he said. he NAVAL BASE AT SINGAPORE IS CAPABLE Of SHELTERING, REPAIRING AND OUTFITTING THE WARSHIPS OF ALL OF “BRITAINS ALLIES AND POTENTIAL ALLIES.” wn (See page 20), 1942 Wold Almansa

Gen Foods «If inflation is to be controlled, it Gen Department of Agriculture and the Gimbel Bros . view that only during major wars Grane £ su. Green HL .. to parity or below, he will be de- Quanto pt. TODAY'S (W) ALMANAC ODDITY On wile newsttonds, bookiorer, 708)

Last Year $6.292,515,903.48 2 Breas

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2,025,024,498.74 1,282,544,666.28 5,876,972,769.10 22,115,707,914.80

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INDIANAPOLIS CLEARING HOUSE

Clearings 5, ,000 Debits 5 15.001.000

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