Indianapolis Times, Indianapolis, Marion County, 11 February 1942 — Page 14

| ABR Ene v ree FINAL STOCK QUOTATIONS YESTERDAY| Worley Renamed | BUSINESS TO EE ear. Pelera Income fas Bo, hoo E || What to Do and Not to Do

A Youle RTT bt TN” 824% n Abbott Lab .... ” MibibaRRALAeL LLL, —i te Evansville Pays Less for Its Gas ith sea™.: = 2 weok age [LIILILIII mbee com RE BUDE OL of ab Adams Exp ro Month dhe vesesaeaaeaeses 11859 40.05 oot Sparks al iH

6 Than Any Other Large Indiana City| ai Beau ©: 3is is Toa how Nort &'3 i High, 1941, 138.50; low, 106.34. NS Amer 5% No 2 2 ta

aska un vel 7¢ or 20 RAILROADS he & 1 ves Airl'e 9% rwich

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(From the Treasury)

Losses incurred in the operation|come, provided such farm is not of farms as business * enterprises operated for recreation or pleasure, are deductible from gross income. If a farm is operated for recreaIf farm products are held for fa-|tion or pleasure and not cn a come vorable markets, no deduction on|mercial basis, and if the expenses account of shrinkage in weight or|incurred in connection therewith | physical value, or by reason of de-|are in excess of the receipts there terioration in storage, is allowed,|from, the entire receipts from the except as such shrinkage may be sale of products may be ignored in reflected in an inventory if used in|rendering a return of incame, and determining profits. the expenses incurred, being reThe destruction by fros ,|garded as personal expenses, will flood, or fire of a rtm, not constitute allowable deductions is not & deductible loss in comput-|for Federal income-tax purposes, ing income since it represents the {loss of anticipated profits which WAREHOUSEMEN TO MEET have never been reported as in- a LIVE, tod, Bow. 10 : come. Likewise, a farmer engaged |The 51st annual convention of the os. Worley in raising and selling livestock,| American Warehousemen’s Associasuch as cattle, sheep, and hogs, is|tion will be held here Feb. 16-20 : not entitled to claim as a loss the| With 300 persons expected to atCounty Permits Issued for value of animals that perish from |tend. . among those animals that were 91 Homes Beyond City raised on the farm, except as such LOCAL ISSUES Li its i loss is reflected in an inventory, Tueiay, Folie imits in January. if used. If livestock has been pur-| Nominai quotations furnished by locas chased for any purpose, and after-|unit of National Association of Securities A building boom in the rural areas|ward dies from disease, exposure, | Dealers. Stocks Bid Ask in Marion County surpassed all|Or injury, or is killed by order of|Agents Finance So. Ine com.. 1% 0 the althorities of a State or the|AStnts Finance Co Ino pid... 30 ... construction work in the City by . Bd . United States, the actual purchase|Belt more than $100,000 during January, price of such livestock, less any dea monthly report of the new County | preciation allowable as a deduction Co

Building Commission showed today.|in respect of such perished live-

stock, may be deducted as a loss|Ind A Te e108 Bullding permits granted by the if the loss is not compensated for lo to reeenes 108 commission last month totaled $513,- by insurance ar otherwise. The ac854 compared to only $371,000 issued |tual cost of other property (with at the City Building Commissioner’s| proper adjustments for depreciaoffice during the same period. tion) which is destroyed by order Heavy rural building activities|of State or Federal authorities may was attributed to general residen-|likewise be claimed as a loss. If|N a Pub Berv Bo tial expansions incident to increas-|reimbursement is made by a State|N Ind Pub Serv 7% pfd

Progress Laundry com

ing defense industries in suburban|or the United States in whole or ub Serv of In 5% ptd areas. in part on account of stock killed |S mma Gal 450 mid. om:

Residences Outside City or other property destroyed in re-| Jhio% TANe\E0 SOR iii: 8 . spect of which a loss was claimed|Van Camp Milk com <..cecees 11 County permits were issued for 81/in a prior year, the amount re- Bonds new residences ‘outside the City|ceived is required to be reported Algers Nsw WER a%s.... 2 limits last month compared to 74|as income for the year in which{American Loan 8s inside the City limits. reimbursement is made. The cost|oh of © & Co 4%s 81

Reading 2 pi , Apartment buildings are going up (of any feed, pasture, or care which |Siiizens Ind Tel ¢¥s 61 Rels 1 bf .... ¢[in suburban rural areas for thehas been deducted as an expense|Ctebb-Revholds:Tavior bs 43 -. 3] : and... 8% %|first time. Yesterday the County of operation must not be included ssoc_Tel Co 3%s 70.....108 Ren : Building Commission granted a per- (as part of the cost of the stock for|Indpls P&L 3his 70 188 Republfe Br i. Ri is mit for the erection of an eight-|/the purpose of ascertaining the Republic St PIA i . unit apartment building at 3708 N. amount of a deductible loss. \ Emerson Ave, If gross income is ascertained by|munc wo A petition asking permission to|the use of inventories, no reduc- $4 5 start a large residential project on|tion can be taken separately for Sub 8 outer N. Illinois St. near the Riviera|livestock or products lost during De He a 4|Club was withdrawn following pro-|the year, whether purchased for Oe CD i 4 | Rustiess. 188. 910 $ {; |tests from nearby residents. resale or produced on the farm, as| <Ex-dividend

"esi stlessI&St pf 44 “eps ant TN Ya Rutland of a Moffett Vice President such losses will be reflected in the

Gulf NM & 9 or i = y inventory by reducing the amount Holi day

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By ROGER BUDROW Abbott Lab 4vf 106 EVANSVILLE HAS THE CHEAPEST GAS of any large city in the state, judging from typical bills sent to customers. This is shown in a study by the Federal Power Commission of gas bills in the larger cities (50,000 population or more). Because natural, mixed and artificial gas has different heating values, prices were based on therms so the

comparison would be a fair one. : Bills for 10 therms usually mean

the customer uses gas for cooking : Crys § only. Bills for MOST p R Am Ene Til 25 therms mean mF a % that gas is used AR Hide EL a1 for both cooking Am Home Pr ©. Bu Am Inte 3%

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Year -Age High, 1942, 29.01; low, 26.66. High, 1941, 30.88; low, 24.25.

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Year Ago High, 1042 14.04; low, 13.84, dae High, 1941, 20.65; low, 13.51.

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eration and pos- An Betty 3 Bud ibly heating the| ar. hogs sold 15 cents higher at Ship Build. 31% ow house. Here are ;,, i rh stock Re today | im Smelt a 1 the way Indiana cities rank: than prices paid yesterday, the Ag-|Am pull or A For 10 Therms riculture Marketing Service re-|m Sil Tdies... 30a pore, 3m T The advance was made on weights | Am T over 160 pounds. Lighter weights Am Type F .... | were unchanged. The extreme early | Am Viscoss bi. 1135 (top was $1295 With some being held | Am Water W . 2%

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4 {Am Woolen .. 4% | for $13. |Am Woolen pf.. 73s i : : Am Zinc 43% die | Receipts included 900 cattle, 500 Anacond Cutie. Jo Bo Wayne ‘6s calves, 6000 hogs and 500 sheep. Andes Cop Lg i lis . rch-Dan- aL pane shaun : Armour Del pf. 1 Tr “i y

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—Tuesday, Feb. 10— HOGS (8200) hen (Barrows & Gilts) For 100 Therms to Choice—

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Atl Refining... 8 Belize Aa gr 300- 320 vehsbseasesss 12 40 Atlas Pdr vf..1 as 50 beau 4 ul Aviation Corp... um-—-Evansville and Ft. Wayne use nat-| 16> 200 pounds lia ih. ural gas, getting it from private Govt md Chor acing XN & Shia. utilities. $io-300 pond: i A i - unds ... Indianapolis ‘uses artificial gas 300. 320 pomnas from the municipally-owned Citi- Good I i s| 360- pounds . zens Gas & Coke Utility. Gary's] 300- 130 Dounds artificial gas, sold by a private com-| 459- 50) pounds ...

. - | Medium— eth Steel .... pany, comes wholly as a by-product | 387 oy oy Bigelow Sen

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of the steel mills. Slaughter Pigs Slack & Decker Most of the gas Terre Haute uses Medium and Good— Boonie ART... is artificial but some- natural, 30- 120 bounds Sohn Al & Br.. around 10 per cent, is mixed with it. CATTLE (2015) Jong Stores. Only 2 per cent of the gas South Slaughter Cattle & Calves Bend and East Chicago use is nat- s ural, the rest by product. From §

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cite 5,| Construction of a string of new|of livestock or products on hand am Watch ... 10% 5 {homes north of the Canal with valu-|at the close of the year, which has ' BR Va f sss sd 33 »% ations of $5500 each had been pro-|the effect of reducing gross in- By UNITED PRESS Hecker Prod .“ +|posed by Altie C. Wheeler. Resi-|come from business by the amount Major security and commodHere Pdr dents in that vicinity complained of the loss. ity exchanges in the United that the proposed homes were too| If an individual owns and oper- States will be closed tomorsmall for the residential require-|ates a farm in addition to being row for observance of Linments of that area. engaged in another trade or busi- coln’s birthday. Otto H. Worley was re-elected ness or calling, and sustains a loss Livestock and produce marpresident of the County Commission | from the farming operations, such| | kets in Indianapolis and most for 1942 and Paul G. Moffett was|{loss may be deducted from gross other cities will be open as elected vice president, succeeding|income received from all sources in usual, George O'Conner, * |determining the taxpayer's net in-

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Cholce— faite) Snes » : - s . to 8 per cent of Hammond's gas iS/,760 1300 “pounds bee 3 LW natural, the rest being by-product.|1300-1500 pounds . [email protected] Beivn U Gas. . These four cities are all served by 750- 900 pounds ... i . 900-1100 pounds i

i . hh 1 private utilities. 1100-1300 POUNGAS ...eessesenss 11 1300-1500 DOUNGS «euvsevvesses 11.

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artificial gas rate in the nation |Common— for 10 therms, the report shows. | 0-110 um Si Jue 9.50 For 25 therms the bill in this city Chote wollte ter Bre is fourth lowest in the country, |gooa Butte Con

«o. 115001235 and for 100 therms it is the third bo @ rer

lowest. Chotce— —Cle 750- 900 POUNAS .....ievevees 12.25@18. Good— i Cal Packing on 18%

= ® ” . 750- 900 UNAS esesessessss [email protected] | Calumet H . ODDS AND ENDS: We call it a 750 900 po @ eB © 15 sugar “shortage,” but per capita veraariieess [email protected] Canada Dry “ws 1% consumption in U. S. this year will | “500 an *** ody be about 77 pounds against an av-._. ita in all Medium rage ul 3) pounds et eagita in Cutter and common countries of the world. . . . A JapP-| Canner anese invasion of Australia, big] Bulls (Al Weights) Ease ; pt a source of our wool, would Probably | ges (Yearlings excluded) Caterpillar T : mean severe curtailment of civilian| Good ..........ccsessseeee. 050@NM3 Celanese pr pt11Y, wool clothes and blankets in this Good _ Sn “ 8.50910.00 vie. BY country. . . . The Government's four| SIT ung Common oo.1o0. & re a3 Gent Foundry ". 1% million bales surplus of cotton, now CALVES (385) Gent RR NJ. 2% jamming warehouses, could be wiped | Cent Viol Sug.. 16% i if | Vealers (AR Weights) Cerro de Pasco. 28% out easily by huge war demands if Goo. Wid eh os Certam-teea . re there were a crop failure this year. Gomon and medium ] 00] Chain Bel ot ti i re | - -90 | Cham aper.’ 1 . . « Dogfish, once considered to have | bn Jape 2s

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STUDEBAKER OUTPUT |SEiff No muni: WRBLR of map 5 Bd . 156

Gd BOBO He rs 3 Ld IN terete pEerpbte:

| 500-1000 POUNAS .coevvnccnnce enn Corp....

SOON WILL DOuUBL 800-900 pounds L.Y5@ 9.25 | Shids

Calves (Steers) Ay i i SOUTH BEND, Ind. Feb. IL (U.|Good and choice— Clev Py Officials of Studebaker COMM DaTIn: GOVE «uuu oooet TLIGPILEIS So

predict that the coropration’s dollar| 50¢ pounds Be Geiters "1% shipments will soon reach $25.000,-i. .. na chotce—

000 a month, probably within the (S00 pounds dOWR .uiveien.ne. [email protected] Sl year, which would increase its an-| 500 pounds down nual business volume to $300,000.,000, 3 SHEEP AND LAMBS (2338 almost double Studebaker’s 1938 : ib ( ) peak shipment of $157,000,000. and Choice

Officials said the increase will| Medium and geod . $0{ Col Piet p result mainly from production at) 3 “| Com Credit .... : Studebaker’s new airplane engine | goo gy tom INL TT . B34 plants—one at South Bend, Ft. . -¥ 1 Comwit = Sook 3% ¥ and Chicago. C Edison 21% Wane %e 201 no 15% i t— i ————————————————— Cons Aircraft.. 17% WAGON WHEAT : Cons Cigar “ot 0 Up to the close of the Chicago Market ns Cig pr p todas, Indianapolis flour mills and gon DAILY PRICE INDEX 8a elevators paid $1.19 per bushel for No. 2 Co! s i 85

heat (other grades on their merits). 1 —-“—. Re YY veliow sheled corn was Tic per| NEW YORK, Feb. 11 @. P). be We ee or (Dun & Bradstreet’s daily weighted Con s No. whi oats, 3 > . a cad +] oats, Sie price index of 30 basic commodities,

Coal pf compiled for United Press (1930-32| Gon: Bak

average equals 100): Indianapolis Water Co. Yesterday .....cconcsecseceee 154.34 Cont Dia: DIVIDEND NOTICE Week 880 ....ceensssessaeses 15457

Preferred {Month 880 .....eevesnssnes.. 15390 ig Stock | Year ago Sess enen Holiday

The regular quarterly dividend | 0.0 1ion (Jan. 26) ....eee.. 15589] S008 ERdr of one dollar and twenty-five 1 J 2) 151.14 cents ($125) a share has been 1942 low (Jan. sasbsbbanabes - declared by the Board of Direc- DUCE tors on the 5% Cumulative Pre- I 0 RO ferred Stock, Series A, payable CAL P April 1, 1942 to holders of record Su a 10— ow March 12, 1942. Bock. Tec: colored, ise; Leghorns, Common Stock 3 A dividend of twenty cents_(20c¢) a share has been declared bY the Board of Directors on the Class “A” Common Stock payaule 2c. AD act Bale rtiss March 10, 1942, to holders Graded —G; we. 28¢c: CG record February 20, 1942. a Jiri Ec Gor a, ay FRANK C. JORDAN, Ne NT Si Noy fe. ba Secretary. (Country = pickup RE the

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FURNITURE SALE

Here are some of the reasons why it’s smart to buy furniture this month:

Priorities due to material shortages may make it difficult to 8 to buy many articles later this year. .’

v 2 Easy installment buying which is still possible may be a curtailed. /

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In their efforts to keep February sales up to previous high i records, local dealers are offering the lowest possible prices.

Q, 10 vhs stores ape Well stoskul with partly used meex chandise due to heavy recent sales on new furniture.

TIMES CLASSIFIED ADS

Are Loaded With Good Furniture Values. Shop Where the Lowest Prices Are Offered

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