Indianapolis Times, Indianapolis, Marion County, 4 February 1942 — Page 14

WEDNESDAY, FEB. 4, 1942 Uses Its Autos

Annual Mileage (Thousands of Miles)

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS sesesisanaeansees 11018 Month ago ........c.ce0... 11810 Year ago eee. 12014 High, 1942, 114.22: low, 108.84. High, 1941, 1.33.39: low, 1.06.84, 20 RAILROADS

DEI

PAGE 14

BUSINESS

Going Back to Depression

PRIGES ON HOGS FULLY STEADY

Practical Top Is $12.65; 4992 Porkers Arrive at Stockyards.

Hog prices were fully steady in today’s active market at the Indianapolis stockyards, the Agriculture Marketing Service reported. : The practical top was $12.65 for H, good to choice 200 to 210¥pounders

but a load of strictly choice lights | weights sold for $12.75. Receipts included 890 cattle, 391 : calves, 4992 hogs and 135 sheep.

Net Net Last Change High Low Last Change Syming-Gould. . 5 5 RE +-0.32 -l).53 «0.89

+131

Yesterday

43% Week ago

48%

Abbott jab “ee Adams Exp ... 7 ,

Ak Reduc_....

enn Corp ..... xas Co

we . ow

ir-Way Abbott L

- a

By ROGER BUDROW

WE ARE GOING BACK TO DEPRESSION standards A of living for the duration. That is the conclusion of Con-| ference Board economists. Because so much money, time and effort will be devoted A to the war program, only $56 billion worth of goods and A& service will remain for civilians. That is where it was in the} depression year of 1933, allowing for price changes. In 1833 an average consumer spent about $357 per capita on his No. 27 standard of living. Since then the . cost of living has gone up almost 25 per cent. Today the 1933 jepression standard of living will require spending about $427 per person. The war production plans would leave just about that amount. The Conference Board places the average maintenance budget for a four-person fam-

28.30 28.54 .. 827.54

Yesterday . Week ago Month ago Year ago 28.68 High, 1942, 28. or: low, 26.68. High, 1941, 30.88; low, 24.25. 15 UTILITIES

CEE)

Ag 3 SILI rt

14.26 14.18 14.84 19.85

? Yesterday Week ago Month ago Year ago . .“ High, 1042, 14.94; low, 14.02. High, 1941, 20.65; low, 13.51.

n Coa Un Airoratt pf 98 was 31% ly

Seren essene

<0,

tesestratenre

BIND BD ~F «300 OY

BIBI Fd pn P ©

RDO NS = < oe

Und Ell ish... Union B&P ..

be a) - — > ht ID Tre CD to - — Nr COD-Ar= DD WD JD

Net Last Change Tél 11

High

BID ka ald oo

Inland Stl

ht pth) br ld NIRIRI-T TCI TY

Spa pt BIB) fat

HOGS (4992)

(Barrows & Gilts) to Choice— 140 pounds 140- 160 pounds 160- 180 pounds 180- 200 pounds 200- 220 pounds 220- 240 pounds 4 240- 270 pounds . 210- 300 pounds ....coccovves 12.25 330 pounds ..... ssesseer 19.2 360 pPOUNGAS ..useveein.s. 124 2

PH FE HE EEE HE EE

BIE

SIA

Your Income Tax

A farmer who operates a farm for profit is entitled to deduct from gross income as necessary expenses all amounts expended (other than those constituting capital expendi-|j tures) in the carrying on of the business of farming. The cost of : feding and raising livestock may be Ad Refining ... ily, headed by an unskilled manual treated as an expense deduction Aviation Corp.. worker, at about $1465 a year. This|insofar as such costs represent| family has no automobile, pays $25 actual outly, but not including the Bald Loco ct . 13% a month rent, has an “adequate” value of farm produce grown upon | Bangor & Ar bf 29% diet at minimum cost, sees a movie the farm or the labor of the tax- | 10% once a week and has no Savings | payer.

18% chub 3 other than life insurance. {of seed, 13

Good

120- Necessary Travel

SE» Other Travel

Figures show necessary travel percentages

pt 87

ft be 3 pt Bf a fot 1.3 40 3

ay F oom Hoo 00 I _ »eOOee Da aut DEIR

—

5 ~N «3 OVD = OO FETS ++: Fras

12:30 12.30

[email protected]

ro SORTS RRS

“2 Am Water wv. 87% Am Wonien Anaconda anther HG PE Arch Dan M. ri Tn $a Armr Ill pr pt. 67% Armstrong Qe. 24 Arnold Const.

ntertype

— CIOL pt

Jarvis Co “ee Jewel Tea Jones & Lgh ..

hr — ~

1 2 | Med 160" 200 mounds Packing Sows Good and Choice— 3n- In Puusds - unds 330- 360 Das Good— 360- 400 pounds 400- 450 pounds 450- Te pounds a: | Mediu 5 250- Soo pounds Slaughter Pigs Medium and Good— 90- 120 pounds oe . [email protected]

CATTLE (890)

Slaughter Cattle & Calves Steers

81% 20+

ww ~ ~

BIRO INO

HFEF FF Fae

531, 118% 15-33 301%

Rie — Kelsey-Hayes a 11% Kennecott $ stone stl. Kinney

ft Boren

DBD, DDG yD

2 24 333 a a “

Biggest amount of automobile usage by various U. S. occupation groups is in driving to work and in other business pursuits, according to Automobile Manufacturers’ Association figures. Chart shows normal usage of cars in U. S.,, much of which may have to be cut down because of tire and auto rationing.

MOST MIGRANTS SET FARM PRODUCE

gaqdaaaaaaaaac

® EB Esey

a 1% T.. 502 Ye Vanadium ..... 193 ; Van Raalte ... 24 : ht Vick Chem . 331 33% 1s 1%

6 pf.. 29% 29 1 114

171% 2

Leaf

DA A

. - No

“of

Ct >

Lambert Lane Br

Barber Asphalt. Barnsdall .

{ Bath Ir Wks .. Also deductible is the cost] gad. °F Fx

minor repairs to farm | Ben Ind Loan. Beth Steel .

ASSESSMENT RATE

FT. WAYNE, Ind., Feb. 4 (U. P.).

J C+

[> a. w ftp.

7’

"The national average of consump- pyjldings (other than the dwelling tools |

tion in wartime is to be only slightly higher than this maintenance] budget. “ & & WASTING PAPER: Some Government offices apparently don’t know there is a paper shortage. The Chicago office of the Contract Distribution Service, now part of the War Production | Board, sent a letter to newspapers vesterday inclosed in a large manila envelope big enough to cover an ordinary book. A postcard would have been sufficient. Other agencies often are just as guilty. = ® » ODDS AND ENDS: In the six weeks after the Pearl Harbor attack, $241572.08 was donated to the Government. . . . College has developed a moisture] meter (porous plaster placed at! ievels in the ground and | ed by wires to dials on surtell farmers if and how water their soil needs. . . Schenley Distillers Corp. will extend to all its 15 plants the emlovee suggestion plan developed at Yo yrenceburg, Ind, plant. . | new Government-owned are completed, Arkansas will be the first state to produce bauxite, alumina and aluminum. The Toronto Financial Post believes the next Canadian blacklist will conthe name of Axel WennerSwedish industrialist. . . | and homes say busioff already, because trains instead of |

its

Po.

tain Gren, Tourist camps S falling ravelers are using Cars. . General Tire & Rubber President William O'Neil believes many motorists are wasting rubber by having tires recapped when they dont ead it.

WHEAT QUOTA VOTE IS SET FOR MAY 2

Feb. 4 (U. P) — farm vote May 2 on! w marketing quotas for 1942, Secretary of Agriculture Claude R Vickard announced today The quotas were set up by last July when it

WASHINGTON. Wheat rs will

heat

the apwo

department supply the marketing quota level But to become effective i - by twofarmers. The were approved a year 81 per cent majority of

a3 supply of wheat was estimated at 1,418,000,000 bushels on| the basis of a July 1 carryover of 35,000,000 bushels and a 1942 crop of 793,000.000 bushels. This would] give the nation the greatest supply | on record, nearly 100,000,000 bushels |; more than a year ago.

DAILY PRICE INDEX |

NEW YORK, Feb. 4 (U. P.) —Dun & Bradstreet's index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday Week Aso Re Ago Year Ago - 1942 High (Jan. 26) 1942 Low (Jan. 2) .

LOCAL PRODUCE

Springers, under iia Ibs., Barred hite Rock. 16¢c: colored. isc: Leghorns, | 13¢ i H Heavy breed colored hens, full feathered,

154.31

153. 16 + 12348

csssesses

sssssnreen

3c. S 10s. and over; Barred and | White Rock, 18c; colored, 17¢c. All No. _ 8 cents less.) Cocks. Soe —Current receipts. 54 Ibs and up

28¢. A Giuded Eggs—Grade A Fe, oe; Stade) Me 27¢: Grade sma 24c: mls

c. 1, 3712@38¢c: No. 2, 36@| rfat, No. 1, 34c; No. 2. 3lc. | v pickup prices quoted by the Wadley Co.)

WE MAKE

LOANS

ON ANYTHING

S| Up to S300

AUTOMOBILES ONDS

Get Your CASH

mobile if used wholly in connection ¢ r i ™ - Case “ru the taxpayer's farm opera Caterpillar T Celanese . Cent Viol Cerro de Pasco. 30'% Certain-teed Chain Belt Champ rap. Pl pr. 1%

| with | tions, as well as depreciation there-

{are deductible,

uld | as

daily weighted price 23 atu

Va and

i Kollar,

solution.

| waka Ave. | 1000

jof the farmer), and small used up in the course of a year or two. The cost of fuel and oil used for

farm work, as well as repairs.and E

Brown Shoe Bucyrus-Erie .. Budd RE pf... 61 Bull 20 hve 14 Bush Tr Er pf ctf 2215 Bush T: van S Butler Bros ... Byers A M . Byron Jackson .

maintenance of farm machinery, is deductible as a business expense; but the cost of farm machinery, equipment, and farm buildings represents a capital investment and is not an allowable deduction. The cost, however, may be recovered by depreciation allowances. The cost of gasoline, repairs and upkeep of an auto-

on, may be deducted, but if an automobile is used partly for business and partly for pleasure or the convenience of the taxpayer or his family, the cost of the operation

{of business and for pleasure or con- | | venience, and the portion attribu-|

as a necessary business expense.

The cost of hired laborers and Ds & - Col Broadcast hired machines on a farm and the &31 Broadcast is pur- Fog Gas 0 for hired laborers are de-|col Pictures... {Col Carbon

ipart of the board which chased

ductible. The value of products | =

furnished by the farm and used in| Som Inv

the board of

a deductible expense. Rations pur-|

sharecroppers are deductible as

Ce part of the labor expense. Amounts Cons Cons Edison {Cons Oil ...

paid to persons engaged in house-

hold work to the extent that their Sons

Borden

Cal Packing Calumet &

{Coca Lola

hired laborers is not ie Cmwith & So © Comw] Bh Edison chased and furnished to laborers or £one-?

a Cons Ciga 10 Coppermin i

Bigelow San i Boeing Air .... Bon Ami B ...

Warner .

erm

8 11%

. 191%

Canada Dry nw 113% 41

Can Pacific ... Celanese 5 pr p Anes.

Sug. |

hi FE oi A... Michigan State | MaY be apportioned according to eh EW

Ry |the extent of the use for purposes Chis G W Ry pf 1 [Shuckasha C ... 121

| Gh sler

pf X% 2d of 30}a

380 20 171% 21%

; 4912 Cleve El Ilm pf 110% table to business will be deductible! Climax Moly Co 40,

Peab Sie A

Gas of .

Credit.... IT... Solvents & So

m Alrcrat.

ms Edison of

Coal Coal

ons

pf.

services are used in boarding and | Conjal ner

[Co otherwise caring for farm laborers | Gon: {Cont | Cont Cont Oli Corn Ex Bnk. Corn Crane Crane Co cv Crown Cork

but amounts paid] for services of such employees engaged in caring for the farmer's own household are not a deductible expense.

Cr Amounts expended in the develop- Crucible St ment of farms. orchards and ranches Cuba R

[prior to the time when the produc- |

state is reached may be reinvestments of capital.

tive garded as

The cost of planting trees. as well | Davison { Dayton PL pf | pecca Rec Inc

in the restoration of soil! Deers

as the amounts expended by

farmer

Bak can ms .. Mot ..... Del. Prod Co of

own Zeller ..

|Cub-Am Curt

Cu Heh

Puy A

Chem

& Co & Hud

fertility preparatory to actual pro- D Lac & W ...

duction of crops and the cost of pay {liming soil to increase productive- | bi ness over a period of years are cap-| Dist Seag

ital expenditures: but the cost of} commercial fertilizers, of which which have SO, even the productive an expense. Amounts expended in purchasing; work, breeding, or dairy animals are regarded as investments of capital and may be depreciated unless such nals are included in in-! ventory.

is to be used every year

after a farm reaches R35t RADY

is deductible Batson Bros ...

State,

ani anir

| Evans

Douglas Airc { Dow Chem the benefit! DN Sor aig of short duration and! Du Pont

Det Edison & R A

Diam Match ..

am T Mot ..

Dome Mines

R Mill

¢ Auto L ...

{ Elec Pwr&Lt El Pu&L $8 Elec St End Johns Eng Pub S Erie wi Erie ct wi .... Erie pf A wi... Eureka Vac

Bat

Prod

Fair Morse ....

Incorporations

Grit.

wid kV 2: Rec acles Goldsmith Sales Co.. Inc.. Indianapolis: | Pushdment Sor Tn ing name to Goldsmith | quipment ne !

dissolution. registration o Class

Ine. SiSienapons Dver ay Wo)

Nar — Shopoing Bag.’

x “ Ipc. agent. WilX ss: 100 shares | ntracting business; Wil- | George 3 Brant, George | E. Bran

Nutrition Co orp. of Indiana, a “Chamber of Commerce Bldg. apolis: agent. Moie Book. same address: 3% shares preferred of $100 par value and 500 shares common of $1 par value: ufacture of food Diogucts and rates. medicines. dru ete. Coos Frank C. Bopp. Me hl IdNoed Park Gommanity Association. Willowda Ft. Wavnre: no cap J ly ). Frank. Robert oht

B 2200

liam J. |

on rer Y or mon stock to 12000 sh $100 mee

s Co.. Inc., ndianspons: to Katharine x Ham . Indianapolis Transit. Inc. y s change of Y C. Schlunz. Oak and Sts. Sis chigan City Lake Hol Ivbrook Realty apolis: amend 15 shares Coreferred stock of

Qual itv Prod

agent sirison &

Corp.. var |

\ hiana Shores 501 Soring St. Michiga stock: V. A. Malmela: Ben H. Kania

ater District Ine. tv: no capital | William Jasch.

an. North Liberty Lumber & Coal Co., North | Haves a amendment changing number of] | pecker Prod

| Liberty: di fection to four. dick Lumber & Coal Co. Lydick; |} amendment changing number of directors! our

Westville Lumber & C oal Co., West-|

Gair wont G

A Flanagan. | | Gen

: g Gli B com- (Gobel Goodrich (hn Goodrich of .. | Goodyear : | Goodyear pf {Graham- Pure Mi chigan | | Granby

Indian- lar : ment authorizing issuance of | Grevhound Cp £50 Grumman Air E | Gulf | Gu M&

Fajardo Sug ... Fed Mol .

Phen

od Ind

I'S

Sug

f Mob & O

OC of .

| Harb-Walk

Mig

se hey pt ershey p CE

Hires { Holl

ville: amendment changing number of ai- | Houd- -Her A

rectors to five. Whiting Lodge No. 1189, Loyal Order of Moose, In 1548 119th St. Whiting: ne capital stock: John Magyar. George J.| Henry Staedeli and others | Wilmac Laboratories. Ine.. Hamlet, dis- | Pur-Air-M a ¢ Corp, Indianapolis: | amendment h RRA agent to Emery M. | Rice, River St. Monticel lo, Ind.. and ad- | dress of principal office to, River St. | Monticello. Ind. South Bend Awning Corp., 1122 MishaSouth Bend: agent, Carlton K. Turk, 1307 E. Ewing Ave. South Bend: shares no par value; manufacture and sale of awnings, tents. curtains, window sind ete.;” Carlton i Turk, Emma Turk, lifford Potts.

FALSE TEETH

FIT LIRE NEW! Deatur-Eze, the pen cushion plastic, makes loose plates ft comforta sfortably for fot wetlet, Note of ste. Economi A ars Getr sube of Deatar Handy-size tube 59¢— New large size 984

3 Ralls 14 LA A da

{ Hupp Motor .

ud-Her | Howe Soun So

Hudson Mot

Ill Central Cent pf

“TC a

100 «100 4 00 CJ rs ww

ot ND

[te

x GORD

- tt ft NDC GID et

OF) pt cy Pt pt li Lo =

n tnt Indpls P&Lt .. Ind R “ena

ayon

1 So 2 pf... 7 B1

PIRS pe - —-

SADT a TTL DH DOO = DE

2, . 113% 41; 12 0%

ie 197% 17% 30 2's

17 100 ‘

CORD hatd ph RR

NEILL UI DY BERBON ENN

Jug SWCD pt pt CO pt TI BD C100 <1 00 14 09 ©) ot (0 3 £03 0 I AD rk GY rk Ok Noa

| [ |

1G htt

= Wa BBO NOH NS OF 1D 00 ra 0G ix CO GD

Te ER

oa wm

“uw

| Firestone T od + | Flintkote 1 2 | Foster Francisco Sug. .

x LC

tw oom

TCA a 00 ND GO ie Ooi LORD A aN =n a

= pr

on pl Cw] C0 OF pt w 11 “ oD WT aE pe NOOB Nm m

Wn GOD AG Wn 09 C9 OY 1D 00 BD = mt 1D a (0 GD Wo - GD vk pk Ok ONL SD A DN

= wo EL

CS Ra

rr re A Arai rnd oppo of

| at

bot pk pk 8D CI) LING bk «1 1, OOO e805 yh

75% 1712 163s 26

Ja Ta

ht A De

4 a — Cy BO pt bd Fy bd pt DGG et

nL ON) 00 19 OF bt 1I om CJ CD

35% 35s 35g he 16 11-16 11-16

LON

nS hs OF «TDD 00 5 15 O63 re eS SS

Oil Ref... 10 Lockhd Aircraft 3914 Loew's ....... Lone Bell A... e-W Bis 18 Lorillard ot. ..146

BIBI

HBO BI Pet IID Ot OOO in C0 0 = 16D ue TD DRO

eal corn “ cCrory ve

cGraw BC. cKesson & R Kesn & R ead Corp ‘ona

SSS SSS S 25 » re AAPA Sr A FRE EE ae aaa

ESR EEEY o L

ueller Br .... 25 [ullins Mfg B. mins pf ...

222 =

Nash Kelv .... N Ch & St L.. cme . Auto Fibres , Aviation Biscuit . Bond Share Cash Reg. . 13 Cvl Gas Dairy .... at Distillers .. , Enamel ... 13 . Gypsum Lead

a "es Mal Stl C. , Pwr&Lt ... Steel Sup Penn Sup 2 pf..

No Am

No Pacific . 36 Nrthwst Airline 10% Norwich Pharm 9

& wh

Ohio oil . 8 liver Farm Ea 1913 Omnibus . “id

Otis oi E Hr Glass we

yp. Gy Ea ee

Ft AFC pk pt (Ope NILOND COND

Otis

“TON OO CI vet (LO 1D“ CI ND LI OO DH 0)

pr won NN

19 -~

Am Fish.. 8 ost. ..,. 6 Coast 1 pf. 21 Sa ? o 1212 &EL 19% . 93%

- 3 . 187% «os 13 . 131%

Pac Pac Pac Pac Pac Pac TT Tin Cons

Parmelee Patino Mines. Penney . “wr Penn D C bt A Penn RR ves 28 Peoples Gas ... 44% Peoria & East. 1% 18 281%

Pepsi-Cola Pere Maqt pr pf 48

i 0 44 COO 0 pow 6 Fe

“HEN en 0D <1 0 ON 00 Wx CO BI «1 OG we RICE y

Pere Mat pf Phelps Dodge . 3] a Phil Morris Th Phil Morris pf 1065 a Phillips Pet . 402 Pitts Forgings . Pitts Sc&B Pitts Stl 8 ob pt. Pitts a 29 or .

GN pt Oo No

| Pure O 5 pf ... Purity Bak ....

0 Radio-K-Or Rayonier

Republic St Revere Con. Revere 51% of . Revyn Met . Reyn M cu cv Reyn Tob -

Pr 0mm.

Fh pt pt G3 pt owed op oF

St Jos Lead.. St L-S Fran.... 9-3 Savage Arms.. Schenley Dist. Schenley Dis pf 8 Seab’'d Air L

CD bs 1 OO BDC en Oy Wn COBO

INIGD CORD pe

fk pt pet Gt LER

on pn C1 1 C0 00 bt 10D Ty

[+ | +4

pt Cd nN

WG LACES

Fb |

154 09L30IR3 < 169 ND 4 w aod ww» RP Ll

| +

ED i 1D 1D

Gi 1712

163s 26

+E Eb 2 E

CHE HL : -

FHF EH4 +4

Heli reel bE:

2 fk fbf]

EY Naval Ammunition Depot, said to18 day plans to construct a $370,000

pb ber fl 0

Feteldtt dd 4

ut Tes

POUNRAS ov ieenvis

sre

. Young Stl Dr..

Zon 3

¢ Farm Equipments Strong;

4 most sections of

« GRAIN PRICES FIRM

<=> “Ligur as A”

Cr IS A FALSE EQUIVALENT =

ACTUALLY THE ATMOSPHERE EXERTS A PRESSURE OF 15 LBS. PER SQUARE INCH OF SURFACE.

See page /83, 1992 World Almense. On tale nmewssonds, boolstores, 0c)

XT oN A

pounds .. pounds

West Air Bke.. a pounds

West El 1

—

1300- 1500 Good— 750- 800 pounds 900-1100 pounds ... 1100-1300 pounds . 1300-1500 pounds 78 | Medium — 150-2100 pounds «..eecencsnes s 1100-1300 DOUNAS seuuvenessans Common— 750-1100 pounds

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

. [email protected]

Willys Overland 17 Willys Overd pt 5% Wilson ¢ Co. 5% Woolworth Worthington... 203

owen ONO

& T Yellow Tr..: Young Sheet. .

feild AEE 2b) EE] TE

Zenith Rad Good— 500-750 pounds

Heifers Choice— 150= 000 POMBE «.oiousve ces Good

750- 900 pounds Medium 500- 300 pounds Common —

STOCKS STAGE G00 ADVANCE -* ==

. [email protected] seessnsassee [email protected] [email protected] 7.50@ 9.25

7.00

Bulls (All Weights)

(Yearlings excluded) Beef—

Government Contract Aids Chrysler.

NEW YORK, Feb. 4 (U. P).—

CALVES (391)

Vealers (All Weights)

Good and choice .. [email protected] Soman and medium. “ §00G15 5s .00

Feeder & Stocker Cattle & Calves

sees ss cstv

[email protected] [email protected]

Good and choice Medium and good Common

Yeatlings Wethers 180%. 2 and Shoe | Mediu

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities

Dealers. Bid Ask TV

The stock market today scored its Lest advance in mere than a week, rising fractions to more than a Steers point under lead of pivotal shares.|Cholees, ~~ 11.000 12.25 Trading expanded. 800-1050 pounds seen. [email protected] Farm equipments were strong, J. 800-1030 ounds “Iii 10001100 I. Case gaining 2% points to a new | “500-10 1000 pounds [email protected] high and International Harvester “S73) 900 pounds 7.75@ 9.25 running up more than a point to Calves (Steers) {Good ana chnice— a new 1942 top. 500 pounds down : { Medium— Chrysler led its group forward, 500 pounds down ... Jit ink ib Loliowi Calves (heifers) with one point gain following an- Goo aid choices nouncement it had been awarded |ypog hounds down 10,004 15.00 a Government contract for con-| °® ea HOWS sacisss 55021000 struction of a $100,090,000 bomber 3 P AND LAMBS 33) plant in Chicago. General Motors Lambe was up a major fraction. A firm steel group was featured by a new high in National Steel on a small gain, I Lima Locomotive continued to attract support, rising 1! points to a new 1942 top at 32% and Pullman also set a new high at 264, up 3%. Standard Oil of California and Union Pacific were other issues reaching new 1942 peaks on frac-| tional gains. The improvement,

Stocks Agents Finance Co. Inc com Agents Finance Co or pfd.. Belt RR St: Yds ¢ Belt RR Stk Yds ota Bobbs-Merrill com Bobbs-Merrill 4% Circle Theater com Comwith Loan 3%

embracing the list, largely was attributed to better tenor of the war news, particularly regarding activities of United States|Hook Drug Co forces in the Pacific. Business NEWS | Ina Avene £8 Wane 16 Dig. g was favorably, including a new Ind & Mice ot ofd ... high for the Jan. 31 week for elec-|Ind Hydro Elec 7% . tricity production and Iron Age’ | Indpis PB £5 Secs ot BEA Co report of more intensive efforts to|Indpls B & L com _... obtain steel scrap.

Indpls Water 87% pf Indpls Water Class A com. Lincoln Loan Co 5'%% pfd..

N Ind Pub Serv Ind Pub Serv 6% N Ind Pub Serv 7% bfd | Erogress Laundry com Pub Serv of Ind 5% pfd.. Pub Serv of Ind Inc com. So Ind G&L 4.87 pfd.. | Union Title Co con ‘a | Van Camp Milk -~fd . ‘ juan Camp Milk com ....i.u00 Bonas

Algers Wins'w % RR a%s ... American Loan 58 51 amar, can iSAn LE

ON CHICAGO BOARD

CHICAGO, Feb. 4 (U. P.).— Grain futures disvlaved continued firmness in early dealings today on the Board of Trade. At the end of the first hour wheat was up % to % cent a bushel; corn unchanged to up 1%: | cats unchanged to off 4; rye up to 7, and soybeans up % to 3i.

Consyl Fin §s 50 1 Crabb-Reynolds-Taylor 5s 42 .. 97 Home T o Ind Assoc Tel Indpls P&L 3's 70 .. Indpls Railway Co 5s 6 Indp!s Water Co 3lzs 0 Yess Kokomo Water Works 5s 5 «0.104% Kuhaer Packing Co vss cenviy, B9 Morris 5 & 10 Stores 5s 50.. 100 Muncie Water Works Bs 85. nd Pub Serv 53s 69 N Ind Tel 4l2s 5s .s Pub Serv of Ind 4s 69 Pub Tele 43s 55 99 Richmond Water Works 6s 57 105 Trac Term Corp 5s 67 U S Machine Fon 5s *Ex-dividend

DROP REMC POWER PLAN

| BEDFORD, Feb. 4 (U.P.).—Lieut. | Comm. W. B. Short, officer in charge * | of construction at the Burns City

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and Fon | elevators paid $1.19 per bushel for red wheat (other grades on their merits). o. vellow shelled corn was Téc Jushel and No. 3 white shelled corn, 8 No. 2 white oats, 64c, and No. 3 red oats 54c.

REMC generating plant have been abandoned. Comm. Short said arrangements are being made to ob-| {tain power from a 66,000 volt line Operated ol the Public Service Co. |

MEN! —HERE'S YOUR WE = TO SAVE IN A BIG WAY!

UNREDEEMED

SUITS, TOPCOATS AND OVERCOATS

All wanted 95

All patterns and colors. All sizes.

$1.00 DEPOSIT HOLDS

Any Garment in Layaway

5 STANLEY JEWELRY CO.

FINDING WORK

WPA Official Warns That Post-War Will Bring Job Problem.

WASHINGTON, Feb. 4 (U. P.).— Howard B. Myers, WPA research director, today told the House committee investigating defense migration that post-war migrant problems and large-scale unemployment “may well be depression migration all over again.” He said “careful planning” must be undertaken at once to avoid the creation “of new depressed areas” when war industries shrink and 5 | concentration of industry i 0] lessened. In a statement on the use of women in war production prepared for presentation to the committee, Mr. Myers said the war has transformed the ostracized “depression transient” into a respected war worker. The volume of migration has been widely exaggerated, he added, but is due for a large increase during the first year of the war. He also told the committee that: The vast majority of migrants get jobs after migration, and many of them get better jobs than they held before moving; women migrants have an unemployment rate three or more times that for men; Negro migrants have an unemployment rate three or more times that for whites; young migrants are the most successful in finding employment, except those under 20; skilled, professional and technical workers have the lowest unemployment rates; there are relatively few women and relatively few agricultural workers among the migrants; few migrants travel far, usually less than 125 miles; the proportion of one-person families among the migrants is extremely high.

U. S. STATEMENT

WASHINGTON, Feb. 4 (U. P.). ernment expenses and receipts or current fiscal year JHToush eb. 2, pared with a vear S Last Year

his $14.354, 806 099. 12 $6. 330.303 050.22

Govthe om-

Expenses

Gold Res. 22746.907.505.50 23,116 447,608.78

INDIANAPOLIS CLEARING HOUSE

Clearings $ 4,357,900 Debit 14,189,000

OTHER LIVESTOCK

ToT a 0; 22 Ibs., 280 8 300-350 bs. 1bs., lbs.

150-160 ! 130-140 ? ‘$11 stags, $9.75; calves, $14.50;

Roughs, sit:

lambs, $11.

—Assessors from 13 northern Indie ana counties, members of the Dise trict Assessors Association in sese sion here, adopted a recommendae tion that farm produce be assessed at 70 per cent of market price as of March 1 next at their closing session late yesterday. The county officials also dise cussed the problem of assessing automobiles now on dealers’ floors, “frozen” by Government order, Henry Murray, chairman of the State Tax Board, said that such assessment would be left entirely to the discretion of the various county assessors. Elmer Cook, Allen County assese sor, was named president of the group, and Noble County Assessor Bruce Shutt elected secretary.

FARM TENANCY IN INDIANA DECLINES

Times Special WASHINGTON, Feb. 4—Farm tenancy in Indiana declined from 30.1 per cent in 1930 to 28.3 per cent in 1940, the Census Bureau ree

ported today. In the same decade the national

fered from drought.

decrease was from 42.4 per cent to 38.7 per cent. Director J. C. Capt of the Census

| Bureau offered the following come

ment regarding the decline: “The principal decrease in the percentage of farm tenancy occurred in the Southern states, due to the elimination of more than 200,000 share-croppers during the decade. Mechanization of farms, making it possible for land owners to operate larger tracts directly and employ former tenant farmers as laborers, was a factor in the transformation. “Decrease was greatest in the West South Central states—Arkansas, Louisiana, Texas and Oklahoma—where the percentage change was from 623 per cent to 52.6 per cent. In the South Atlantic states — Florida, Georgia, the Carolinas, West Virginia, Virginia, Maryland and Delaware—the decrease was from 48.1 per cent to 42.2 per cent. “In the East South Central states —Kentucky, Tennessee, Alabama and Mississippi—the decrease was from 55.9 per cent to 50.1 per cent. The single state showing the greate est decrease was Texas where the shrinkage in tenancy was 12 per

“There was a substantial increase in tenancy in the states which sufe In North Dae kota tenancy increased 10 per cent land substantial increases occurred in South Dakota, Nebraska and Kansas. “New England had the highest percentage of farm ownership. In New Hampshire tenancy amounted to only 64 per cent and in Maine ‘16.5 per cent. But both showed ine creases during the decade.”

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