Indianapolis Times, Indianapolis, Marion County, 10 February 1942 — Page 6

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PAGE 6

HOGS SELL AT

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

STEADY PRICES

Top Remains at $12.75 Here; 8200 Porkers Arrive at Stockyards.

Hog prices were generally steady]

at the Indianapolis stockyards today, the Agriculture Marketing Service reported. The top remained at $12.75 for good to choice 200 to 210-pounders. Receipts included 2015 cattle, 545 calves, 8200 hogs and 2338 sheep.

HOGS (8200) (Barrows & Gilts) ood to Choice— 120- 140 pounds ... 140- 160 pounds ... 160- 180 pounds . 180- 200 pounds .. 209- 220 pounds 220- 240 pounds 240- 270 pounds 270- 300 pounds 300- 330 pounds 330- 360 pounds Medium— | 167%- 200 pounds [email protected]|

And 12.35!

@ 12.65 @12. oI

oe =]

10 Os bes 01 CNNNC ONE SS AEOREEE

3 0.0 bn CODED in OF =

Pa Good and Choice— 270-300 pounds 300- 330 pounds .... 330- 360 pounds .

12.10} 12. 051 12.00

oe fr A (0)

Good— 360- 400 pounds 400- 450 pounds 453- 50) pounds Medi um— 250- 300 pounds Slaughter Pigs Medium and Gooa— 90- 120 pounds

CATTLE (2015) Slaughter Cattle & Calves

Chot Co 750- 900 pounds 900- 1100 pounds ........ . 1100-1300 DPOUNAS eevnvevan.ee 1300-1500 pounds Good—

S0- S00

200 1100-1300 pounds ... 1300-1500 pounds

fum— 350-1100 pounds . Ln 1300 pounds mmon—

En 1100

core ARO ft pt ut ft £0 she th Laie SUS

Ctssstestnne

pounds

40 reriohs

wen

or I=]

sounds Steers, Heifers & Se

« [email protected] vee [email protected]

Cholce—

“hbeisd eves. [email protected]] BEI

A escssseenees [email protected] 500- 3% ) pounds babtens [email protected]% Comm 500 7.50@ 9.28 8.50@ an 8.00@ 8.5

25@ 8358 s.00@ 7.25)

cnenee

Me ium 7% ut er and common ner

Bulls (All Weights) (Yearlings excluded) Beef — Good Sausa, Goo

Cutter and Common ... CALVES (545) Vealers (All Weights)

Good and choice .. Comon and medium.

Q Feeder & Stocker Cattle & — Steers

800 pounds 050 pounds

500- 800 pounds

pounds

-1000 pounds ... mon— 500- $00 pounds Calves Good and choice— 500 pounds down

(Steers)

edium— £00 pounds down Calves (heifers)

choice—

Gooa 300 ps down .. [email protected] Medium—

$00 pounds down .... . [email protected] SHEEP AND LAMBS (2338) Lambs and choice —ean

Yearlings Wethers d choice Ewes (shorn) Good and choice Common and medium..

WAGCN WHEAT Up to the close of tus ago Juarset day, Indi napa flou Ss and grain elevators paid $1.18 per F bushel for No. 2 ig Wheat (othér a on their merits), No. 3 yellow shelled corn was T4c per bushel and No. 3 white shelled corn, 82c; No. 2 white oats, S4c, and No. 2 red oats,

# LOANS

ON LIFE INSURANCE

LOW INTEREST —Save 2% to 3% inferest on present or contemplated indebtedness on your policies. Simple procedure, intelligent co-operation. No cherge except interest. *Except Industrial, Fraternal ond Government policies.

YOUR INQUIRY IS INVITED

BANKERS TRUST COC. PENNSYLVANIA 2 OHIO STREETS Member Federal! Deposit Insurance Corp.

ALL THE DENTISTRY

You or Your Family Needs

PLATES CLA SL HL FILLINGS EXTRACTIONS

Asleep or Awake

UP TO

YEARS To Pay

Casy to pay 3 budget way! Your credit is good ne matter where you live. Up-to-gate. eheet ful ofpetent, careful d en n t istry backed by 26 vears experience!

“The Rehtist You Whe Trusts

. [email protected] An:

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R & An Roll Mill. Am Roll M cv pf Am Safe Razor. [Am Seatin

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Am- Viscose gent Wat er Ww ..

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Can JTrust— You

ROOM 301—3D FLOOR ROOSEVELT BLDG.

Cor. Washington & Hlinois (Opp. Clavpool Hotel)

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FAMILY PLAN

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account

NO LETHE

WY INVESTIGATIONS NO RED TAPE

No finance charges. No endorsers. No ce. signers. Ne third party.

Yesterday .

Year Ago

Yesterday Week Ago . Ago Year Ago

High. 1941,

| Yesterday

Week Ago . Month Ago Year Ago

_ |Week Ago ... Month ARO .....eccovnnnnen

High, 1942, 114.92: High, 1941, 133.59:

20 RAILROADS

High, 1942, 29.01" low, "26.66.

30.88: low, 24.25. 15 UTILITIES

“recs ebecetraan

High. 1942. 14.98: low, 14.02. High, 1941, 20.65: low. 13.51.

By UNITED PRESS

30 INDUSTRIALS cersescensenas 108.02 SeR NB ERR 109.99 112.44

Crown Cork

Douglas Dow

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First N Strs Flintkote

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{ Gabriel A ... Gair Robt pf.. Ind. 5 {Gaylord Cont .. ER

Gamewell Co Gar Wood

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Motors

Gen Tel Gen T& R

Goodyear

Gotham Hos

Granby Grand Un Jets Granite C Stl. Grait WT . Gt Nor Ore

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Gulf

| Harb-Walk Herc Pdr

Hires | Holly Sug Homestake Houd-Her Househd F Houston

Hud Mot

| Inland Stl Inspiration

Goodrich pf oad Goodyear pf ....

Crosley Corp .. 7 . 18%

Dixie-Vortex .. Dome Mines...

Fair, The pf.. Fair Morse ....

Firestone T ...

Florence Stove. Follansbee Stl Follansb Stl pf Foster Wheel .. Francisco Sug.. Freept Sulphur. Frue Tr pl 92

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Net Last Change

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STOCKS BREAK ON WAR NEWS

.| All Sections of List Hit by

Selling Based on Fears

For Singapore.

NEW YORK, Feb. 10 (U. P).— Stocks broke 1 to more than 3 points today to within striking distance of the lowest general level since 1938

= |on selling attributed to fears that

the fall of Singapore to the Japa-

:|nese is imminent.

All sections of the list were hard-

;|hit, and scores of issues set new

lows ranging back to 1938 and longTrading picked up on the decline, with volume for the first two

: hours "alone matching the 400,000

total for the full five hour session

1 “| yesterday. &

GRAIN PRICES TURN LOWER AT CHICAGO

CHICAGO, Feb. 10 (U. P.).— Grain futures developed a weaker trend in early dealings on the Board of Trade today. At the end of the first hour wheat was off 3% to 5 cent a bushel; corn off 3% to 1 cent; oats off 14 to % cent; rye off 1% to 13% cents, and soybeans off 11% to 1% cents. Unfavorable war news from the

be Far East was credited with bringing

= dr

Gs. ofa a

A Ld ya : y FAP SRS ta

- No

-- Not os

ww a

Pr a

x23

Jo rere

s | choice 160-180-1b. 360-5

new selling into all pits. In addition, traders generally were not optimistic over the chances of preventing sales of CCC grain for the purpose of holding prices down.

CHICAGO LIVESTOCK

ts, 17.000: moderately acy to 10c_ higher; top, $12.70; bulk 180- 30. 1bs.. [email protected]: most 270-320-1b. butchers. .45:

-500-1b. sows. wei hts up to $12. * Sheep—Receipts, 9 000. Late Monday All Haghier classes about nh oRTIty choice 93-1b. 5; bulk good .. [email protected]; few loads 110- 130- 1b. fed wooled lambs. $10.75 @ : good 110-1b. yearlings, $10: choice 97-1b. d ewes, $7. oday’'s trade—No early’ trading on fat lambs: few $12.25 down, fully 25c lower: steady at 2 2.50 up for choice light and handv weight CattleReceipts, 700. Calves—1000: best steers and vearlings steady to strong: weighty steers slow: yearlings fairly active, largely. $11@13. 50 market: early ton vearlings, offerings held bove $1 y: mostly $9.75 cows strong to shade : bulls and vealers fully steady: weighty cutter cows to $8.35: few canners under $6.50: most beef cows. [email protected]: weighty sausage bulls to $10.25; vealers 2 gown: stockers slow, steady at $9.50

OTHER LIVESTOCK

FT. WAYNE, Feb. 10 (U. P.).—Hogs— 5 to 25 cents higher; 200-230 Ibs., $12.60;

1bs., S $11.25; stags, $10. ‘Calves,

REAL SILK TURNS

$15. Lambs, $12.

Real Silk Hosiery Mills today re-

®| ported that the preliminary esti-

mate for 1941 will show a consolidated profit of $501,438.12, after depreciation and all charges, but before an appropriation of $150,000 as a reserve for possible future losses and contingencies. That would leave a balance of $351,438.12 transferred to earned surplus which compares with a consolidated loss of $341,955.68 for 1940. The company made no provision for Federal income taxes this year because of the loss carried over from 1940 and other deductions which the company believes it can substantiate.

U. S. STATEMENT

WASHINGTON, Feb. 10 (U. P.).—Government expenses and receipts for the current fiscal year through b. 7, compared with a oar. go:

Last Year Expenses. $14, ah, 285 540. 55 $6.603,219,622.67 War Spend 10,861,998,590.52 2,494,661,898.44 Receipts. . 4,974,232,086.38 3,403,950,254.61 Def... 9,801, 807. 404.17 3.157.847,268.06 Sach Bal.. 2931, 790,515.63 3 031,383,813.32 Work Bal. 2,172 441,659.49 288.488,363.86 Pub Debt. Gold Res.. 22,739,794,432.87 22,123,953,165.20

INDIANAPOLIS CLEARING HOE

Clearings Debits 603,000

US Rubber ... US Smelt US Stee US Steel pf ... US To

Un Stores Phee

« 15% 8

8 | Univ Leaf T .

Univ L T pf..

Vanadium 1 Van Norm Mch Vick Chem .... Victor Chem ...

a { Va-Caro & ge

ya- ae

Vie: Wa

f.. Clie

Walworth .... Ward Bak B . Warner Bros . Warren Br pf. Waukesha Mot. : Wayne Pump . 1234 Web Eisen .. 2 West Pa Ei ... 89 W Pa El 6 pf.. 85% W Pa P pf . 113% West Auto Sup. 15% West Md 3 West Md 2 pf. 6% West Union ... 24% West Air Bie: 134% Westing El . Westvaco Wheel Steel .. Wheel Sti ss B” pt White

BIg me DOs J i ad ae os Now

Ng oa

CVD TDI UT OT + BD CI LI in

Cd -~

res BID

| |

Yale &.T .... Yellow Tr Young . oung Sti ... 342 oung 11%

Joh pt Bese -—a

Ya | Zenith

Zonite

$ apartment buildings and 24 two-

Y=|have been blocked by action of the

; in the 5900 and 6000 blocks, Comp- - ton St., has been sought by Albert

LOSS INTO PROFIT|

60,319,394,326.01 4; 959,708,269.94 | 26c.

Bank Clearings .....c.coi00te0veens Postoffice Receipts ...ccccecvescecs.

HOUSES i: ..viovvnsvsvivnsorvsves Apartments ....... Business Industrial .c.oee0eersnncccenees Public ... Repairs & Alterations ......... Applied for Jobs ......... Received Jobs ......... Unemployment Compensation Claims Filed .......cc.c00000000 Claimants Waiting .....co0000.. Claimants Paid ....cccc000000000 Freight Carloadings: Inbound ... Outbound Electricity Output (kwh) ...c0000.0. Water Pumpage (gallons) ..... Streetcar Passengers (Jan. 31) ..... Telephones In Use (Feb. 5) ...cev00. Livestock Receipts (head) ...¢0.¢.. Cathie c.covivsiassssrvarsovasess Calves Hogs Sheep c..cccoeveesvnsscccnsscsss Grain Receipts ...ccieeivesencenins Corn .... Wheat

Oats 80000000000 0000000000000

teeerene

. “ese 0eeBrsN ict 00s 000 Sese0sssetncensnReRR

ss: Teseccesccsscccse

Pics iescesse0s0eten

0c0cssecesssnsReceRsoRsee esa8secs verses eesseene 200000000000 00 00000000000

Rye 0400300000000 0000000000000

Soybeans

Illinois Central,

Last Week $24,688,000

Bank Debits ......ccc00000000000...872,513,000

$112,776

Building Permits sessesssassessss. 920,843,000

$9,300 0 0 $850 0 $10,693 1,124 669

444 810 3,320

4,356 2,947 16,143,000

. 242,540,000

1,573,299 +163

Week

Last Week

Before A Year Ago

$24,691,000 $76,341,000 $88,014 $98,361 $60,500 0 $15,500 0 0 $21,961 -1,432 559

498 974 2,972

4,967 2,786 16,030,000 243,420,000 1,588,890 +195

$21,612,000 $57,230,000 $99,360 $113,650 $92,300 0 $2,550 $3,000 0 $15,800 810 421

323 1,361 2,106

4,145 2,271 13,479,000 207,810,000 1,374,667 +238

1941 Thus Far $129,012,000 $347,016,000 $504,292 $1,013,624 $342,800 0 $139,250 $375,000 0 $156,574 3,896 2,147

3,086 8,111 11,390

22,612 12,472 74,259,000 1,235,490,000 5,879,258 101,053

1942 Thus Far $148,501,000 $415,813,000 $521,209 $505,331 $345,300 0 $51,016 $850 0 $108,165 7,901 2,947

4,522 4,815 17,115

25,085 15,338 85,182,000 1,367,000,000 6,929,490 111,884

TUESDAY, FES. 10, 1942 Indianapolis Business Summary

% Chge. 42 vs. 41

+ 15.1 + 19.8 + 34

, == 50.1

+ 0.7 0 - 63.4 -— 99.8 0 - 30.9 +102.8 + 37.3

+ 46.4 — 40.6 + 50.3

+ 10.9 + 23.0 + 14.7 + 20.4 + 17.9 + 10.7

Water Co., Indianapolis Railways, Indiana Bell Telephone Co. Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co,

48,371 7,140 1,985 32,194 7,052 662,000 467,000 17,000 160,000 3,000 15,000

52,361 6,548 2,423 33,360 10,030 739,000" 470,000 29,000 204,000 12,000 24,000

51,299 6,551 2,340 37,010 5,398 429,000 356,000 11,000 52,000 2,000 8,000

316,965 37,234 12,817 210,786 56,128 4,036,200 2,860,500 96,200 820,000 61,000 198,500

+ 11 + 5.1 - 19 - 3.5 + 20.2 + 17.4 - 3.9 - 9.8 +1%3.3 4369.2 +378.3

313,654 35,432 13,059 218,462 46,701 3,437,600 2,976,500 106,600 300,000 13,000 41,500

Sources of above figures: Indianapolis Clearing House Association, Indianapolis Postoffice, City Building Commissioner. Indianapolis Office of State Employment Security Division, Pennsylvana Railroad, New York Central, Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Agriculture Marketing Service, Indianapolis Board of Trade,

Baltimore & Ohio,

APARTMENT PLAN HERE TURNED DOWN

Plans of two builders to erect 33 family houses on the North Side

City Zoning Board. The Board denied petitions for variances for the two projects after more than 100 residents and property owners from two areas protested the multiple housing plans at a hearing yesterday. M. G. Gerdenich had asked permission to build the apartment buildings on the east side of College Ave. from 64th St. to White River at a cost of $660,000. When his project was voted down, he announced he would build 33 doubles instead. That area is zoned for doubles. Permission to erect 24 doubles

H. Wurster. This project also was turned down after a large delegation of residents from that area remonstrated. They protested that two blocks of doubles would depreciate the values of single family houses in the vicinity. James H. Ward was granted a variance to erect five double houses at the corner of Neal Ave. and Maryland St. No protests were made to this project. Several other petitions for variances to convert residential property into doubles and duplexes were granted without remonstrance.

DAILY PRICE INDEX

NEW YORK, Feb, 10 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ccccccecsscscssesss15438 Week Ago vesssasnesasssvesesI9E3] Month ABO «eeeccccssceensss 183.75 Year Ago ..... 1942 High (Jan. 26), 115. 89. 1042 Low (Jan. 2), 151.54.

LOCAL PRODUCE ingers, under 4% Ibs, Barred and White Rock, 16c; colored, i5¢; Leghorns,

13¢c Heavy breed colored hens, full feathered, 18c; Leghorn hens, 13c. Roasters, 4% Ibs. and over; Barred. Sng White Rock, 18c; colored, 1%c. a grades, 3 cents less.) Cocks BEggs—Current receipts. 84 Tbs’ and up

Graded Eggs—Grade A hE 28¢: Grade A Mean. 25¢: Grade small, 22¢: no

de RrutE Wo, 1, 37%=@38c; No. 2, 36@ 361% ax Suttertat, No. 1, 34c; No, 2, ie. (Country pickup prices quoted by the

No. 32

(From the

To be deductible, a loss arising from “fires, storms, shipwrecks, or other casualty” need not be connected with the taxpayer's trade or business. If his home or his

automobile is destroyed by fire, or his summer bungalow damaged by flood or storm, he may claim a deduction for the loss sustained. A loss occasioned by damage to

an automobile maintained for plea-

sure, where such damage results

from the faulty driving of the tax-

payer or other person operating the automobile, but is not due to the willful act or negligence of the taxpayer, is a deductible loss in the computation of net income. If damage to a taxpayer's automobile results from the faulty driving of the operator of an automobile with which the automobile of the taxpayer collides, the loss occasioned to the taxpayer by such damage is likewise deductible. Loss of property by theft or burglary is an allowable deduction, and need not be incurred in trade or business. Hence, the loss occasioned by the theft of jewelry or an automobile used for pleasure and convenience is deductible. It must be established, however, that the property actually was stolen. Should circumstances attending the loss leave the owner in doubt as to whether it was stolen or lost, the claim would not be allowed. Losses from wagering transac-

Your Federal Income Tax—

What to Do and Not to Do

Treasury)

closed and completed transactions, fixed by identifiable events, bona fide and actually sustained during the taxable period for which claimed. For instance, a person possessing stock of a corporation cannot deduct from gross income any amount claimed as a loss mere= ly on account of shrinkage in value of such stock through fluctuation of the market or otherwise. In the case of an individual che loss ale lowable in such cases is that actue ally suffered when the stock is disposed of. If any securities (that is, shares of stock in a corporation and rights to subscribe for or to such shares) become worthless during the taxable year and are capital assets, the loss resulting therefrom shall, for income tax purposes, he considered as a loss from the saie or exchange, on the last day of such taxable year of capital assets.

INSURANCE on Jewelry

ooo YOUP Jewelry, Watches and Furs can be protected against «All Risks" of loss

or damage.

tions are allowable only to the extent of the gains from such transactions. A loss is deductible only in the year in which it is sustained, even though, as in the case of a thef' or casualty, it may not be discovered until a later year. Losses compensated for by insurance or otherwise, of course, are not deductible. However, in the event the amount of insurance is not sufficient to recompense for the loss sustained, the excess of the loss over the amount of the insurance is deductible. In general, losses for which an amount may be deducted for income

A ‘Grain Dealers Mutual’ “All

Risks” policy covers holdup, theft, burglary, loss of stone

from mounting, breakage and

mysterious disapprarsnce.

Annual Premium As Low As

$000 GRAIN DEALERS

MUTUAL RE Eye

1740 NORTH MI

Wadley Co.)

For Conven

1 p. m. Sunday. a day including Sunday.

Help us conserve much needed materials . . . and at the same time maintain reasonable delivery service . . . by avoiding needless trips. Know your ice needs so you can be served on regularly scheduled deliveries. co-operation will be sincerely apvreciated.

ICE MANUFACTURERS and DEALERS of INDIANAPOLIS

tax purposes must be evidenced by

IY x v Ff “6

IMPORTANCE!

The Ice Manufacturers and Dealers of Indianapolis ask your co-operation in their efforts to conserve on physical equipment and materials

for our Government.

We want to supply the needs of our customers as fully and as faithfully as possible . . . giving you prompt deliveries and the best service at our command. To facilitate this program and at the same time to do our utmost for National

Defense, nounces:

the Indianapolis Ice Industry an-

EFFECTIVE SUNDAY, FEBRUARY 15

Ice Deliveries Will Be as Follows:

Discontinuance of Sunday Deliveries

No Daily Deliveries After 7 P. M.

ience of Public:

Sub-stations will be open daily, as usual, and until Manufacturing plants open 24 hours

Your