Indianapolis Times, Indianapolis, Marion County, 20 February 1942 — Page 31

5. er, exe

Changing Hours of Offices, Stores : ~ Schools Might Aid Transportation Jam

0 A lied A a 1 By ROGER BUDROW : Alpha P © Am A

. SEVERAL DIFFERENT WAYS OF SOLVING the ur jam on this city’s streetcars and busses are heing d. All involve changing of werking hours. though Indianapolis Railways is buying more equip- » it [probably will not be able to cope with the situation ie load on the transportation system is distributed more evenly throughout the day,

rush-h discuss

unless’

. One idea is that downtown stores and offices should open and ‘close either earlier or later than they do now. The bulk of the rushhour i traffic (7:30 to 8 ey a.m, and 5 to 5:30 p.m) is composed of these workers who are employed in the downtown district. |! Another possibility being talked about is the changing of high school hours. Grade schools are scattered all over ‘OW the city and thus tribute to the, heavy affic converging on the

. do not.

. passeng downto

rush some. Staggering : tories would| not Sunes the situa-

, and when war fac- ]

g built get into pr

ign of Indianapel t women shoppers t pot earlier than © back home not la has met with but not, a enough suceess. The company operates 20 trackless trolley lines, 15 bus lines 8 feeder-bus lines, end 8 streetegr lines. It is buying 20 more b and five trackless trolleys but no streetcars. as theugh the co pany has an A-3 priority rating, | is hardito get new equipment n because = every transp

tation. company in the country heavily also. * ODDS ENDS: Ford Union Carbide & Carben Carp. going to make esium by a n process. ; . . Phonograph record b ness priibably Will suffer from ban ‘on jukerboxes which used to take % of the output. .. . More than 00 is using music

orderi

and

y mechanieal) to boost proWe Slinghese is Soming

he sons y. . . . Oil companies

nd barges te replace |®©

Wee Stee Scrap Use

aa Feb, 20 (U. P). —January domestic consumption of fron and steel scrap was slightly|c less than in December in reflection of severe wedther which |handi-|G cepped operatipns of the steel industry, the Scrap Iron & Steel In-|M stitute said today. Consumption| in January totaled 4,590, 000 gross (tons ‘of scrap, compared with 4,634,000 in December. In March, (1941, reached the record level of 4,662,000

tons. | = : The Institute reported that the monthly average rate of consumption in 1941 was 4,469,000 tons, eompared with 3,474,000 in 1940, “Scrap yards have heen drained dry by ‘the unprecedented demands upon them” said Edwin C. Barrings executive secretary of the In- | stitute. “Present consumption rep= resents | new

rapidly| as can be prepared, are being shipped| to steel mills and foundries,”

BUSINESS AT A GLANCE

|. BY UNITED. PRESS Altorfer Bros. Co. 1941 net income $179,825 or 65 dents a common share ~ vs. $100,860 or 14 cents in 1940, Chicago Eléctric Manufacturing Co. 1941 net income $90,592 or $1.62 a a on “BT

or $2 in 194 ‘Chic year e or $1.1 cents: (19; ord high, 26,698,413. 0 rp. 11 months ended net profit $2,480,670 or $6.22

0. jil Order Co. : 2 net profit $400,402

fiscal

of Ja sales $31,829,578, rec-

after taxes vs. $1,982,555 or Bo

consumption |

supplies whieh, as |@

x ynit

common Vs. $132, 0357

a shire vs. $313,304 or 91|;

HOGS ADVANCE:

Top Returns to $13.15 asi 6500 Porkers Arrive;

15 CENTS HERE &

A co Armour Del pf. ig i Armour Ill . Armour il pr ‘pf Armstrong CKk.. Asso

Net tant 2s

= ae

‘ow

FEN Clee

[+++] [44d | H+] ¥ SESERRRREE a Ses

*.: oe .e p= SR

2 RE

Inv pf son

™

Vealers Steady.

Fifteen cents of yesterday's 25cent decline in hog prices was regained at the Indianapolis stoakyards teday, the Agriculture Marketing Service reported. (The top was $13.15 for good to choice 300 to 210-peunders. Weights over 160 pounds made the 15-cent advance while lighter weights were unchanged. Vealers were steady with a $15.50 top. : Receipts included 9680 cattle, 483 calves, 6500 hegs and 2133 sheep. HOGS (6500) (Barrows and Gils)

i 13.80 «e 11,[email protected]

Packing Sews

pounds . eres oll) fod here i d lexus “ecntbpep t i

ssscenese

ss vaeanen vers 1, on 70 Slaughter Pigs

| CATTLE (560) ughter Cattle & Calves Steers

ys Hn ve 9.50 mo 9.50@11,

Bug

Steers, Heifers & Mixed

Bis 50 pounds ....,... seers 11.00912,25 750 pe { Heifers

e500 900 pounds ..,... fad pounds. . 0 pounds ehessssensnse i

Cows on weights)

Bulls | (al weights) (¥earlings excluded)

[email protected] [email protected] 8.75@ 9.75 8.00@ 8.75 CALVES (483)

ye slens (all weights)

Good and choice . ........... [email protected] Common and edn [email protected] 11 7.00@

Feeder & Stasker Cattle & Calves fiteers

Ble

Tan De 1 4 0-100

sliteesvcccese

[email protected]

7.50@ (9.00 Calves (Steers) Good and Choice— | noo Dounds down 500 pounds down

Calves (heifers)

Good and Choice— 500 ySouniis down [email protected]

Med pounds down 8.,[email protected] SHEEP AND LAMBS (2132)

Lambs se 012.25 ae 9. 110.

good and Shoice Lay ve sigs eas Medium » d good Yearlings Wethers ‘ [email protected] 8.50@ 9.75

and choice um

[email protected] [email protected]

“JocaL ISSUES

' Wominsl quotations furnished by local of National Association of Securities Dealers. Bid Ask Agents Finance

bu | nts Finance & ine s oid. 2" ft i tk Yds Som

Stocks

Stk Yds s-Merrill co

eh rrill 4%%

R Ind Pub Serv Sv N Ind Pub Serv 8% ‘ped... Ind Pub Serv 7% w»fd ORTess Laundry com - *Pub Serv of Ind 5% pid. . Serv of Ind Ine com.

Van Camp Milk Tid Van Camp. Milk ¢

Stis 85 103 § 43..103

Li £ 3 Yi, 108% igs 109 109 102

|FEr

Serv of

LOCAL PRODUCE SE pder 4%

colored, 15c; avy breed colored hens, full Pa and over: Barred an

i Te 18c. All No.’

t receipts, 5 Os. ad Py

8 100

de A lar

Les [email protected]

shessesansans IL 2g12:00i5 ;

\ A A AL.

Cel

17 am p pf 100 e 33 Spf 1 18 i Pneu T Chi .

f \Viation > of oe

88 | Caferoitiar

Celanese pr pf. 15 Gelote 7

Sons Alroratt., Bo rin ons Coppermin Qons £5 ha : 1

4; n P&L on 10734 ae o oC . 225;

glee & Hus ae

Harb Walk .. Jinyes Mfg Hecker Prod. . Holly Sug Holly Sug pf. ‘118 Homestake .... 36 Househd F 41 3 Househd F ot. 10%

HEPA |

1 6%; | Hud Bay Mus nh

Roe Really vee

LE pr a

tlic +L

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to 000s A000 tata wBISBER : Se RES RRRER

.e [email protected] Gane her

50@ 9.00 | cyh.A

PEE LH SRE sapen

Air Lines. 22 Ki AT 8%

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ced

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aa 9 3 Sa er

w Lath A ERE

1 15%

41 100 "16 zis

= —

Central ....

Sum NERS

fot a3 ot

1bs.. Ba Ted and L X

70 biraion Cop 10% erla 7 Business M.119 t Harvester Hyvd El

. 483 A: % . 2 Chm 2

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FERRER

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4 Telautogravh ..

By UNITED PRESS ~—wwmye

ANAPOLIS

“NEW YORK ST GCKS

| DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday fr giensasrasenes 105.5% Week Ago . ssssessensescess 106.78 Month Age assess nasesanssss 100.18 Year Ago ...:......u0nveiie 1me.24 High, 1942, 114.22; low, 105.35. High, 1941, 133.59; low, 106.34. 20 RAILROADS

+0.1§ +028

Yesterday Week AZO ....c.00000000 Month Ago ...... sssseses Year Ago High, 1948, 20.01; lew, 26.66. High, 1041, 80.88; low, 24.35

High, 1942, 14.94; low, 13.53. High, 1841, 20.65; low, 13.51.

Net Low Last Change Marsha Ma

Bs Oo a CEES B

- (3

or a i sei Eek

iami Cop 8 ident Pet ... 30

. nEe

Naw .--

+H Pe HELE

eh BI Iie Lm Lo can RNR %0 waWD - 3

+ HHL

LF 15 ge

a »

Pl “TTT

11% 6% 8%

| 1 I: re ne

fe Ohi kN In Otis ‘Bley a 12% Dwens ™ Glass & %B 41%

-3 09 On =3 wa PTR a

he pd

Pac G & El .... 18% Pacific Ltg .... Pacific Mills ... 16 ¥ Cc J 144

a we

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100 +t OY 4 bb GO AD CIV bt OD =I 00

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ap 412 pf 1d, b'd DY Y;

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§ . swift Intl ...

J 1% 1%

CHEMICAL AND OIL SHARES STILL WEAK

NEW YORK, Feb. 20 (U. P.).— Stocks moved irregularly in quiet tradifig during the first half of teday’s sessien. Chemicals and. oils continued weak, although several rallied as the end ‘of the third hour neared. Steels. were narrowly mixed ane motors firm. Railroad issues were

*|steady to form. Coppers showed little change.

Western Union rose more than 8

.“/peint- to 24% on a favorable earnslings report.

American Telephone dipped fractionally.

CHICAGO LIVESTOCK PR WR Ew active and

good and Shot 0 fit 5 nile Tome Bi 330 Ibs. averages

500-1b. 15601: 498, to Kg F Eetnod Underwelghis, ia 3501 5. i Sheep—Receipts, 300 fat Saribs mostly 1

; late Bia to 25 cents higher: fat sheep scarce; Jisady Bulk od oles ed 98-1b. lambs, $12. choice 105 1bs, fal BE Sova doubles Shoite 106-115 0001 8s: pe 91-1b. shorn

: es. ay fat nba, 10 to 1 1 Strict) choice kind 0° hig her at $12.75; on «1b. Rew ewes, steady

~ abo E ~O0RAYY0

tion Co., Tiinels Indiana to ereg & Supply @o., Indianape-

Ten +0.22 -.22 Tex

% EA

+14:

TE PAD +] + +H i;

Buea

SES Fal

DiaHlHE +1:

5s Steel of . Univ Leaf 'T.. a Hi

yadsce 3 Salts ..

Fi Rg)

Wabse n SL 27% ih igh i $%

by i

10811 it : 2575 13 8%

12 119 34Ys

8 : 10d 10%

Zenith Rad . " 8% nm

TOLUENE PLANT AT

WHITING PLANNED

' Times Special WHITING, Ind, Feb. 20.—Standard Oil Co. of Indiana today an-

: nounced it will build and operate a toluene plant at its refinery here.

Mere than a year will be required to build the plant which will produce as much as the total annual output of toluene In the U, 8, in world war 1. * Toluene is produced from petroleum and used in manufacturing explosives. High-grade motor fuel is one of the products of the process. Standard Oil is also negotiating with the government concerning erection of an alkylation and butane isemerization plant here to increase its output of 100-octane aviation gasoline. The Whiting re-

, finery is already operating at c3pac"ity to supply aviation gasoline,

WAGON WHEAT

Up to the close of th today. Indiana \ # Chicago evators pad

ye iT 5 flour pills x ao erits). 4c. per corn

Nor 2 white" on Mh el No.

HY red oats, §

Help

do it:

| wise.

fense program. Especial br By copper, brass 2 sn sh

CAN ; AMERICAN SRPRESER TER. 0

3 KASLE usp

A CO.OPERATOR

Ushered into the celd eutdeors to make room for machinery neccessary to the manufacture of ‘war materials, this assortment of presses, drills, stamps and ether machines used in making Chevralets hoa stand idle "ill the war is over and they can ‘resume their jobs, “

—_——

-No. 41

YourFederal Income Forres

What to Do and Not to do

(Frem the Treasury)

With the number of autemebile owners regstering in the millions, the question of deductions for the cost of operation and maintenance of a motorcar frequently arises. The purchase price of an automo-

{bile, whether it is to be used for

business or pleasure, cannot be de-

ducted from gross income. It used for business, it is a capital expenditure; if used for pleasure, it is a personal expenditure—beth deductions being expressly prohibited by the income tax law. Several deduetions, however, are allowable in connection with the cost of operation of an automobile used either for business or pleasure, If used exclusively for business, deductions may he taken for the cost of gasoline, oil, repairs, garage rent, amounts paid for insurance, and other necessary operation and upkeep expenses, as well as damages paid for injury to anether while the car ‘was being used fer business purposes and losses sustained hy reason of damage to the car while

| being used for such purposes, pro-

vided such damages and lesses are not cavered by insurance or etherDepreciation based on the

—

uild a Ba

This is not an ane for a donation America...

selling your serap metals

MRE a SEER

Joga son,

defense ie

cost of the car and its estimated useful life also is deduetible, _ Other deductible items, irrespective of whether the car is used for

business or pleasure, are sums paid during the taxable year for personal preperty taxes and municipal taxes, interest on meney berrowed far the purchase of a car, and losses by fire or storm or theft, to the extent not compensated for by insurance er atherwise. A less oceasioned by damage -to an automobile maintained for pleasure, where such damage results from the faulty driving of” the taxpayer or other person oper | 9 ating the automobile, but is not | & due to the willful act or negligence J of the taxpayer, is a deductible loss in the eomputation of net income, if damage to a taxpayer's automobile results frem the faulty driving | of the operater of an automobile with which the automobile of the taxpayer collides, the loss occasioned to the taxpayer by such damage is likewise deduetible. Fees paid for autemebile inspec tion and automobile title registration of automebiles used for pleasure are nat erdinarily allowable deductions.

[BUYING INTEREST IN

GRAINS DWINDLES

CHICAGO, Feb. 20 (U. Po Grain futures developed an easier | tene in quiet, early dealings on the Board of Trade today.

At the end of the first heur wheat was off % ta % cent 8 bushel; corn off 4 to 3%; oats off ¥% fo 5%; rye off 1; to % and soybeans off 5% to %. ) Buying interest in all pits dwine dled as traders found nothing ef importance marketwise in the evers night news, and, prices slipped on light selling pressure.

U. 8. STATEMENT

WASHINGTON. Peb. Pin Fe FRE

nment exb enses ana

gurrent. geal year 4

fin 429. ki 1, 3 5

A o ELA Eas

INDIANAPOLIS S CLEARING HOUSE aatings $ Ben

PANAPA RIN Fe can

‘1801 \ 50; _ st $10.95; calvan, ifn a find ils

14.50

eit

It's an invitation to help anda at the same time help yourself, Here’s how you can

America needs. materiols—and more materials .

. for its all-out deiron, steel, tin, nickel, old junk autolumainr.

You ean help America d bttleshivs plies, tanks and guns by ther waste materials. together today, Your local weep metal or junk dealer will process fem properly and _——

Gather them ies in need.

| sacazowsgy 5 TY, 4 TRAN, Ie.

FRED

SCHUCHMAN

439 WwW. 19th — TA Ibot 2020

SAGALOWSKY BROTHERS 100 Gardner Aas