Indianapolis Times, Indianapolis, Marion County, 19 February 1942 — Page 18

Midwest Production Setting New |’

Weoorss, Bank Report Declares

+ conversion’ | | Federal Race +. Steel

est ‘monthly’ tonHiahe , “1041, The in“crease continued “into January with 5 million tons produced during. the]. ; first half of the| : ‘month, Daily: crude oi production in | the

five states aver- : cr 38 ers 14 per cent more than in January last year. Gasoline production was 13 per. cent greater an in.’ Janu ry, 1041. Bs ‘these figures may be eartening, they may look much erent in the next: few months en he Bats shut down for conversion, throwing: thousands pevsoris out of work. and cutting

cted: that the next be rough sledding “that by m d-summer and early fall war plants will absorb workers how being displaced and Probably pore. pert ol

4, GARY Lost > steel record to Pennsylvania in January. The No.

“blast furnace of Carnegie-Illinois (42-

(subsidiary of U. S. Steel) at Gary had held’ the youd (set in July, 1931) with an’ up of 1 ,701 tons of pig iron. But 41,782 to ‘were produced this January by U. |S. Steel’s No. 3 furnace at Rank , Pag a new world cord. “The o d girl (No. 3) is still

“She produced steel for the SpanishAmerican war, for the first AEF and now for World ‘War IL 3

some battle ad the company said:

plants for con ersion to war production had more to do with the e advanced time did. # ODDS AND Some grain experts believe| corn is selling too . low because there will be a big demand for it feed for meat and dairy products undsr. infereased war production program.’ - Chrysler cut its dividend from, $1.50 fo $1 although profits were: best since 1937 use it wanted to conserve cash for war work. . , Continental Steel | Corp. of Kokomo will pay a 25-cent dividend on its common ‘stock April by ame as & year ago.

YS. ...

4 0 vio bs 43 97 T Ft. Wayne 5%s 65 103 e 6s 43 ..103

: fit

e Bank of Chicago. Am s in ‘this area—Indiana, Illinois, Iowa, Wis- 4 ¢onsin and Michigan—produced 20 per cent of the nation’s | steel ingots last month. They operated between 101 and r cent of E cajasity as eompared with the national

Aids to rt DEFENSE |i: NEEDS

Can you make any of these war materials? Information can be obtained at the Indianapolis office, Contract Distribution Branch of the War Production Board, 10th’ floor, Circle Tower Building, here. Asterisk indicates plans and specifications are on file. ARMY AIR CORPS

Invitation Ni

Date Bid umber

( Item Closes Feb. 92-2030 Fefrizerator. electric, ‘ portable (rivet storage 2

yum, 12-2044-—Sewing

Cr i: squarin| — Precision - Seine. BC povier driven, cutting Tengta 42-2016 Toaster Unit = 60-3." motor griven, motor for operation on 110

42-2036- Luiuber, price, Sitka’ (Picea Biche" rol vertical “(Pics

toc 42-2050—Induction y Se snduction | Moser, lighting Axe 43-2081 Silicon, ce rhide. Bo

j dachines - Motor 3

Sagacity .0 093 Lo steel, table 36"x

iste teers castle, alum 42-2083 diachire, fot fee 42-2050 Vacuaum Chamber m .“: 42-20. my Gro mifets: Teastens and

ARMY QUARTERMASTER

199-42-NEG-170—M 1k, Class A: 199-43- NEG-178 — Blackberries,

01-430 431-8

b Dry. Powdered; oD,

salad

etc. ‘141—Otitats, , “Phile_ Scout, complete. . a 358, overs, ‘canteen,’

aps: ered; Starch: Scour;

1445°43-133— Fores e; Br , oats, Soda ash, straw rs alt, ete. 1750 iaumber. No. 1, ommon’ Sot Sou them r: 1753—Boots. leather, fi 1757 Steel Tube Sci; hE 88 Tr eq 1764 Enamel, greet,

hay

669-42-NEG~219—Braid, 98°, Jnaro Rat, fa A sos. NEG 41s ae

ron, Cadet, %”

fhe, e Stores: Red rnstarch, lad Dre

ing, Extracts ARMY MISCELLANEOUS

272-42-83—Miscellarieous Electrical a lies, wire and equipment 600! a ast hing ; (Machine. and Draft8008—Electric Plants. 1000-w: tt, t steam operated— 1 Ji, doo: rool SU

Te Ru ol Mic ellaneous aca) Straps and e

6003—Tagh: istol, Ind Cards, Cover Paper, Computing MoS Shine Pang. encil Jasers, Rubber Ato 41-43 19805 Sinn. trail, left 0--Leg and Arm uction 'ApparaCombination Wire and Bone Drill: alid Walker; Bradford ame, davai |size, Hyperextension

; hte Firemen's Km Rn Jd -108_Gole castif ; god olor Pa nd. ir

bber Seals:

- pent die a ce

D-110—Paper, Xx-21 18 Handkergier M- Bl Ra ange. Niche!

5. ho ivi la oF me uttable

"{phoson

Fy Ptiud- lini, 8 fathcomplete 1 oJoining sha Shackle um - Phosp! ate cléaner) Sn kegs ot {from 3, bh. capacity. . ks Fa Man Carriers’ Y

complete and 0

uckles

ats. _water-closet, hard-rubber composition. . shake-proof, commercial ya high carbon steel, hardened and tempe Ls Cind. "Th r

en, wate: seal, Heide Sure type for Storing _

Drilling Machine, horizontal in arfiling | structural shap 38—Illuminator, microsc ape 045—0il, a in new single trin- | pers 0 ‘of approximately 50-gallon .ca-

Rs be Serminal, solderless

Diesel Sears "ssseraiy, Dinions, ines: NE 1-2 bi Fane Shredder for 'shreddin; ste paper, blue print trimm Mine

38/]413 Electric Ca 1041 1. Linseed.

ble alkaline yelined in mercial 1

50 gal. 1094—Hooks. "Match, . with wire. rope thimbles, steel, weldless: wire rope

wir : 2387" Propeliers MBG Engine, righthand, 3-blade, composition Ro

1-2056*—Ranges, electric. suitab Sneration on 115 volts, 5 tyclen. 3

March 146—Truck, hand or lift or foot lift, barrel, flat; Bkids: Storeroom 1288—Armature Bake Oven Electric yo “ov, AC 80 cyel

by " AB” 44 4356—Vent Sets, 300 to 500 cfm at static pressure, propeller type, ¢om

u-A-Controliers,

: 0 Insulting Material

4339 png Bi bleached, blue and white, size

*“electric, portable, yal ourrent, max, size of

315 _Valves: Bronze, brass ng; Fittings, Pipe, eon ror

8 screw mens: cou » We fg air fon."

TO cotpig Np with pare parts ta tools ys wrénches a ipo lolle ot, shee wels: p ype. on Tow i 8 oll brass

fr roller 4343" Megapbones ng rawhi of head” Pas hd, me compression tool;

0 per splicing; com 4361 Valve air, automatic s with spare i

salt ‘wa Water ou cocbiequenienn,

NEW YORK STOCKS

8y UNITED PRESS -

3 LH

Adams \ddressograph. TE A p. $30 ww Alc “Ch AL xv 3% 4 U Allied Chem i

\llefd Mills al lied’ 1 27 -54

Allied Sores ot 75 His<Oh hal ves Amer: im "Alrlines A:

m Br Am Br Shoe of 129

Am Pwr & Lt .. Am P&L 6 pf... Am Rad & S 8 Am Roll Mill.... 11 im Rall M cv pf 58 2 fa uild. 4 elt 9a

22%, 4%

ose 24% 4 Am Viscose pf. 21127 Water W ... : > im Woolen .... m - Woolen pf Tis im Zine pr pf.. 4% Anaconda 6 Ye inac W&Cable. 26% Armstrong Ck: 23 sso Dry Gds. A550 Inv of..

+h h

gr Ascemby _Poriable vacy 2 Bors W 42-2041—Spacer, Engine Mount Cushion 36 | Bri

S| Elec Boat eb Elec F o| EleC

: Fe df

At] At] Atlas fase \viation Corp..

Bald Loco ct.. 13 Balt & Ohio66 t & fas

2 135

Steel . 39 Ya Both - Steel 1 of 1 Bliss & Laughlin 134 ing Air

. 26% . 37% 30 . 2% 17

vii. 34

=M: L 1%

Bklyn-M Tr rene

Burtoy 6|B TE 20 pf otf ait ros

Byers, AM .

vee 1 ai’. 8

Cal Pack Callahan Z Calumet & H

Pacific a 7| Celanese 5 pr pf 8 7 Case J 65 3 me oh eet Meta Mashine,

Case . +118 Caterpiial TT.

2|C G

S gate £0 & Aik Ri Fuel & & Broadcast A La Gas pf 47%

om Credit i 17% Tr

« 23%"

Douglas y+ Dow Chem ..

Du Pont oy Hi Du Pont pf ....122% East Air Lines.. 222 Kodak ...131% Elec 2

St Bat.... 31% End Johns ot. -108% 8) End Pub 8 ..

veer 21%

Ex-cell-o ..

ones Wheel.. 1

H : Holland Furn ..

Homestake ...

Feb. Househd

2 Starch

RE 3 Bilis the 4

(i res AY 8] xl —l

Gees 1 Coal 12

Net Last Change

8 1 4

i} 4

13h

Yesterday thiesvesieasenerane Week Ago . . Month AZO iv.vevepsecevsees 108.94 -—0.12 Year Ago ...

Yesterday ;.... Week Ago Month ARO ...eceescessccons Year Ago ..

Yesterday ... Week Ago .. Month Ago Year Ago

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS 105.85 00 cesessessescnnnas Holiday censrsereesnnnes 119.99 42.08] High (1942), 114.22; Low, — ~ High (1941), 133.50; Low, 106.34. : 20 RAILROADS A 21.50 0.22 Holiday 28.23

Reus ssteees 271.00 High (1942)," 29.01; Low, 26.66. High (1941). 30.88; Low, 24.25, ° 15 UTILITIES

sdoeenecscsnss

“ses 0eBeRRRetsne

+0.58

“scseescessscrncy

High (1942), 14.94; Low, 13.53. High (1941), 20.65: Low, 13.51.

LH EE TH+

L1H DH

+: HELE +

LIF +H DN oo. ..

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Lio Oil Lia Car Lockhd TAircratt oo

Nab Sup

» Nat Sup 2 pf Neisner

mer No Amel 8 pf.. No No

Ohio Oil 5% Oliver Farm Eq 203% Omnibus

Net | West

High .

. 30% 9%

Last Change

ma Leco Ref. .

5 2

+0.19 ge tod

Van Raalte Vos Sor & Pe

£3 Si

: he? ¥ 9

3 12%

3 33% ul 4

114% 53

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Pts HH] Lab HLH HH

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Boot ab-aase FORERRR SE

sil):

pt 8t .. Distillers . ypsum .. t Lead 14% IE stl’ ¢ 16% t Steel . 50% Pe enn . 6%

51 pf 60 tO. 18%

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Young Brit . Young Stl Dr..

Zenith Rad .. Zonite ........

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STOGKS ARE FIRM

IN QUIET TRADING |<:

NEW YORK, Feb. 19 (U. P.).—

. The stock market developed a firm ‘1, [tone today with volume light.

American Telephone rose 1%

points to 127%, bringing its gain for two sessions to 23% points following declaration of the regular quar- |Cholce— terly dividend. Chrysler, a leader in the motors yesterday, rose 1% |1300-1 points to 49%. General Motors was up nearly.a point.

U. 8. Steel gained a point to 51,

ex-dividend, in its section. Union Pacific was up 1 in the rails. JohnsManville was 1 point higher in the building shares. \

GRAIN FUTURES RISE ON BOARD OF TRADE

CHICAGO, Feb. 19 (U. P).~—

Grain futures: moved fractionally higher in quiet, early dealings on |Custe the Board of Trade today. = °

At the end of_ the first hour

aes BAER 5 x ial

Patino Mines’ .e Penney Denn D Cem ... Penn

—— wel Tea.,... 314 '2T%

LI:

. . . .

: : +++ Ne

Hie I:

Ra Ray Rayonier * .. Rayonier of Readin Real Silk . Rem an dq Rem lie. Bt ww Republic H.. Reyn Met

9 vi vem = 1

iq. 1 is

ne 8 a

Spiegel ns wes S Dia...

4|Stone & W .... Studebaker ... un Oil

SP SIs

= a

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B83 on I SB Re

ERR

tpt be Pb

y. Corp ..

> FLERE HF THE

3 BI het Cd pt ht pd ss

tarrett L 8 terl Prod

cin on ESS ed io So

w. ernment . expen current fiscal Year through pared with

Pub. Debt. . Gold Res. .22,

White Rock. grades, 3 cents jess B#Re—Ours

oy. Indianapolis flour mills and elevators paid $1.2 red wheat (other

: No. red oats, S4c.

wheat was up % to’ % cent a bushel; corn up % to %; oats up % to 7; rye up % to %, and soybeans up % to %.

U. S. STATEMEN T

ASHING' TON Feb. 19 ).—Govand receipts i “for the 7, coma ‘year a

This Fear ast Yea Expenses. $s. 709,778,543. 8 3. 047. 851, 813. 51

‘War Spend .11,58 Receipts... § 5,

586,422,227.55 2,683,330,036.14 0,437,225,799.96 3,374,421,528.62 .708,920,918.38 1,929,378.111.13 9,569,067.46 1,186,477,266.69 691.237,269.30 46.040,167,402.32 35,395,420.91 22,133,213,241.50

INDIANAPOLIS. CLEARING HOUSE

Clearings Debits

LOCAL PRODUCE

wore ers, under 4% Ibs, Barred and White ck, 17c: colored, i5c: Leghorns,

vy breed colored hens, full feathered,

A 196; “Leghorn hens, 14c

ters. 4 ibs. and over; Barted and

Eolored. xii 11 No. 2 rrent receipts. 54 Ibs and

rade A large, 27c; Grade Grade A small, 21c; no

No, 37% @38¢; OW self: at a No. 1, 34c; Ni (Country pickup prices iy

Brad a 2lc.

3 die.

Wadley

WAGON WHEAT to the close of the Chicago {grain T per bushel frades on their ED ASLAE corn was Tdc er

d No. white shelled 3 white oats, Sc. and No, 3

MISS HOWER TO SPEAK Miss Aline E. Hower of the’ Hower

Letter Improvement Service of St. Louis will speak at the National Office Management Association meeting at 6 p. m. tomorrow in Hotel Lincoln.

398 181 123.13 3.531,469,044.89 | G00

6@ | Mi

" [PORKER PRICES FALL 25 CEN i

{Top ‘Declines to nes 10 $13 Here; Jig

5208 Hogs Received At Stockyards. | Hog prices fell another quarter at pulling the top back to $13, the Agriculture Marketing Service re-

ported. Weights over 160 pounds were 25

ois included 663 eattle, 435 ealves, 5208 hogs and teta fheep.

HOGS (5208)

Fed ed edd ed ed ad BRLRDBLLS

240- 270 pounds - 270- 300 pounce . 300- 330 pounds 330- 360 ibtrlo he Medium— 160- 200 pounds Packing Good and Choice— 370- 300 pounds . 300- 330 pounds 330- 360 pounds .

Good— 360- 400 pounds . 400- 450 pounds . 450- 500 pounds

Medium — 260- 500 pounds Slaughter Pigs Medium and Good— 90- 120 pounds ; CATTLE (663)

Slaughter Cattle & Calves

[email protected]

---S13.04 MLuana 1 8 1 13.00 : en 13 1] it 12.50

sien 25

Common — x 750-1100 cunds ..: Lesan 2.350 9.50 Steers. Heifers & Mixed Hi Choice— 3 | 500- 750 poun@s ............. 11.00012.25 500- 750 pounds ..........:. [email protected] Heifers b= 300 pounds cesasies [email protected] 750+ 900 POUNAS «+svseosssses AL. [email protected]

re 0 pounds sense stdosee ro Hi

Semmon — §00- 900 8.76 7.25

0180 10.40

10.25 ine 8.

Ty 9.75 Medium and Common. Vanes CALVES (435)

Vealers (Al nie d choice Good an B. CS ih

Feeder & Stocker Cattle & Calves Steers

15.80 4.0

Cho 500 80 800 pounds jue. 1050 pounds 500 "800 pounds ... 10. aD-1050 POUNAS .cescoepeones

sesssevecs

500- 900 pounds F tok Calves (Steers) Good ana chnice— 500 pounds down ..... Medium 500 pounds down .. Calves (heifers) Goou and choice— 500 pounds QOWD .e.tv os: Mediu 500 Und down ..

SHEEP AND LAMBS

Lambs

Good and choice Medium and oid

[email protected] [email protected]

[email protected] [email protected] (1612)

$11.75 10.25 8.7%@ Yearlings Wethers | Nat. .25 9.75

Fauna oe | Coad a and choice 1

Ewes (shorn)

Good and choice mmon and medium

DAILY PRICE INDEX

NEW YORK, Feb. 19 (U.P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities,

' [compiled for United Press (1930-32

equals 100). Yesterday ceceecececcocses.s. 155.19 Week 880 ceveercesscssssss. Holiday Month 880 scveecesccocccesss 154.69 Year 880 «s.vsists0cscecrses 124.03 1942 high (Jan, 26) ..ceeesee. 155.89

1942 low (Jan. 2) ........... 151.54

the Indianapolis stockyards today,

14:25 14.00

8.75.

eos 11 00 . 109021180 @11.00 [email protected] [email protected]

7.50@ 9.00

13.00

Producticn Board.

tools and machinery. It's also the businessmen who will manufacture else. This is the place where des “Brother, I got a little plant up in Muncie and I'm going out of bysiness. Used to make gadgets for automobiles. No automobiles any-

Porte, Indianapolis—anywhere, lit-

weapons. Not long ago, the Pullman-Stans dard Co. of Hammond, which makes Pullman cars and tanks, began 8 nation-wide search for two pieces of machinery it needed and couldn't

0 | find.

The company called Washington where the War Production Board relayed the query to its branch office at . Chicago. Yes, Chicago found the two machines on its list of goods offered for sale. The machines were sitting idle in a factory building in Hammond just across the street from the giant plant of the Pullman-Standard Co. “Indiana prime contractor wishes to sub-contract housing items. Initial order is for 500 housings. . . “Middle West prime contractor wishes to locate manufacturers who have available time on small production milling machines, surface grinders and lathes. ° “Eastern prime-contractor is anxfous to locate sub-contractor for two items.” That's the way it goes. In Indiana, there are thousands of machines to do the war job standing idle. There are hundreds of small in"dustrialists worrying about them. There are prime contractors (those who get original government contracts) moving Heaven and earth to find the machines, the factory and owner to do part of the enormous war job. A contractor has equipment he doesn’t need for making parachutes. He wants to sell what he’s got and find machines to make parachutes. On. the huge scale of defense production; chances are there is a man who will swap with him or sell to him ..... if only they can find each other. A chemical plant owner in south-] ern Indiana wants to make magnesium flares. He doesn’t know

00 what the Government specifications

are. ‘If he could find out, he’s sure he could get a contract. He ‘could go. to Washington, - but |™ he doesn’t know his way around and he’s afraid of getting lost in the shuffle, - . He doesn’t have to.go to Washington. . There's a War, Production Board bfanch right here in’ Indianafolis, only 60 miles away. If it can’t give him the answer, it will call Washington and get. the an-

offices ra dk the concerns, Uncle. Sam operates the biggest swap shop in Indians. | ~~ Omfcially, they call if. the Contract Distuibuson Branch of the Was

It’s the tip-off agency in the nation-wide scavenger hunt for war

ope of a thousand Hoosier small

more. How do I op 8 war cons cents under yesterday's early or 3 ed ‘prices. while lighter weights| ere. re Steady with he, best paid yes-' : fellows in Muncie, Anderson, La|%

tle fellows who can make bits and 3 | pieces and odds and ends of war

[the time the: baildi

swer top ‘him-~while Bes waiting. That's ' the - job ot Unele Sam's swap shop.

Le No. 40

Your iniome Tax

The amount to be recoveged by depriciation is the cost of the property, if acquired by purchase after Feb. 28, 1913, It acquired by purchase prior ‘to March 1, 1813, the basis is the cost of the property; less deprizciation sustained prior to March 1, 1913, or the fair market value on March 1, 1913, whichever is greater. : The proper allowance for depreciation is that amount which should be set aside for the taxable year in sccordance with a reasonably consistent plan (not necessarily. a

.juniform rate) whereby the aggre-

gate amount so set aside, plus the salviige, will at the end of the useful life of the property equal the cost or other basis of the property. The “depreciation rate of a building is not based upon the number of years it will stand before being conclemned and razed, but on the number of years it will remain habitable or serviceable, for: the purpose for which construgted. If the taxpayer "builds a new building, the period over which depreciation may be clatimed begins at ing is completed and: capable of being used. Buildigs under construction are not subject to a depreciation allowance. H it is clearly shown that, becauge of economic Or other egndi-| tions, property must be abandened at & date prior to the ‘end of its normal useful life, so that depreciation deductions alone are insufficient to return the cost or other basis, a reasonable deduction for obsclescence is permitted’ ‘because, in the opinion of the" taxpayer, the |property may become’ obsolete at some future date.

Incorporations

Eart W. Showalter Co,, In¢., Indianapolis; Bintan oe Sales Corp., Indianapolis; disso

Progress Laundry Co. Idisnapdit articles of Ce oh boy of 192 General Corpora 000 shares ne

Means, 125 E. and ho] ae bush less; German Building and Ma Asposiation No. ‘Madison societion No. 6,

par valu Housing, Ine. es he; ngent, Cla Ia , James A. Public School * (In 6, changing n ® uilding ang, Ae 7

impr

HOME 1s your

The UNION TRUST COMPANY

120 East Marke) Street

Vioory.. iO rdianapo: res ar lye: Sonsiructon ord Union; disso! polis) Poployees nam: to American HEAVEN ON EARTH

Consider these sll-impor-tant advantages of living [4 in a home ‘of your own— Security--Lastiag Comfort —and Life Long Pleasure. You owe it to your family and to yourself to own your own ‘home,

Low Cost—Long Term F. H. A. LOANS

Up to 25 Years to Pay

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