Indianapolis Times, Indianapolis, Marion County, 26 February 1942 — Page 27

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~ Old Indiana Factories May Be Used

To Solve

By THERE ARE AT |

age, according to the Is est report of the Indiana Division Am Cy Solortype aie’

i of Publicity.

‘That is more than there were seven months ago, even|am

Shortage of Storage Space|

GER BUDROW

EAST 200 OLD FACTORIES injAa thi state that are available for war manufacturing. or stor-}:

h ough some that Were empty then have been bought or

leased in the meantime, | ‘But even though there’ ao more plants available now, the floor space is less than ‘it was last’ August,| same 11,000,000 square feet of floor| i space against more than 9,000,~ 000 now. Thet| would dicate that a number of smaller firms have been squeezed out). of business by the defense program and that owners of more of these ‘smaller Plaitsare % them off their i hands. | Me basic trouble with trying to use an old factory for war producon is that it often costs more to renovate the old structure than it would fo build a new one. But with bul ding materials needed s0 ur- © gently in production of war goods, | it may become necessary to cut down on the building of new facgries and to utilize srdoiure alady standing. | aki nather possibility is Ss these nictures can be used for storge. Storage facilities on the east ast: are filled up and railroads ¢ refusing vo carry goods| and to

i an old factory

old machinery | Ohio. It said a F | for

Smith, federal internal revenue collector here, with 55 per cent of the returns being taxable and 45 per cent not taxable. | The deadline is March 16 and returns are coming in at a rate of 10,000 a day now. a 5 8 |. | onps AND ENDS: American films are looking info the ility of exploiting new sources f manganese’ in Mexico olesale food prices (on the Dun Bradstreet index) are ithe high-

of Indiana is making | candles” which burn nine ‘hours oa And du Pont is making plastic refléctor discs for blackouts, for pedestrians to wear or to nail on danger ots such as elevator shafts . . . dianapolis Power & Light Co. will} pay its ‘usual 40-cent dividend to| Syn stockholders April 15 . . . --imports and - poor. wheat | y mimy cause a brea og ortags a, first since 1047 vos U | 8. confmodities are still being im-| ported by Russia, through Japan's backyere, into ‘Vladivostok, which may be one reason Russia isn’t fighting Japan yet. |

Incorporations

; tric tallation Co., New York oe admitted 09 New to; TR De 708 Baker ales Cor > nt, red P. Moschner, fossy shar 0 par Yaiue, Thi a chine 8, ya hischner, Clara H. Mosch er,

oo inci, 2044 nt, James | shares no ints, varnish ete ard, Floyd B. Os:

pment Co. Utica Pike,

C.E f $2 8! End value; E: OR

Bo indies M nok amenainiie od

he b. Real t & o.., Intianapolis u cree of . PB ni 3 En EE tems ‘“Brierhill weit & Go. altoholic, "4 verage hans Sumber of df rE Tool Corp. Warsaw;

nd increasing [autho ; > 150,000. snares of $1 par

ul 3 Waid Pita toe Evans Si Ten

polis. " io P Johnston & Jennin s go. puto cot «

Fi al Indiacapoiis,

siice 1926... . . Standard Oil}! [ “blackout}:

| Sweringen ra

hindler, same i

jdiana, | 3 a =

: Hott Yo the tax for delinquency,

* Ended by $500,000 Compromise.

.BY UNITED PRESS Counsel for Allan P. Kirby and

Allegheny ‘ & Seaboard Co., Ltd. and George A. Ball of Muncie, Ind.,

fingncier—plaintiffs and defendant respectively in $5,000,000 and $3,000, | Bes 000 damage suits charging manipu-|E lation of securities, indicated today

that motions for dismissal will be

a few days. ; Announcement that the two suits

wonld ‘be dismissed came jointly from counsel for both parties yes-|Bullard

terday before Special Master Adbert|s Ward of the Southern Indiana District Federal court. Out-or-court settlement reportedly ‘involved a [hice of between $500,000 and $700,~

Settlement of the $5,000,000 ac‘|tion, first major case of its kind under the Securities and Exchange

two days of hearings. Bought in 1935 The securities involved included Alleghany Corp. common stock, three classes of preferred stock, the prior preferred stock and Alleghany Corp. 5 per cent bonds due in 1950. According to the Alleghany petition, Mr. Ball and. his associates purchased certain amounts of the Alleghany securities Sept. 30, 1936 at an auction of collateral for defaulted obligations of the Van Sweringen brothers of Cléveland. The securities became the assets of the Midamerica Corp., formed by Mr. Ball and his associates, and Mr. Ball subsequently placed the se-

1937, the Midamerica assets, consisting of ‘Alleghany securities, were sold te Mr. Young and Mr. Kirby. : Says Stock Returned

price agreed upon by Mr. Young

which, $4,000,000 was to be in cash and the balance on a two-year note securetl By 1,200,000 shares of Alle~

by return of the stot¢k to Mr. Ball This stock, the suit charged, was returned. : The securities carried control of the Alleghany Corp.,, of the Van|Ou ilrodd group, the principal properties being the Chesapeake & Ohio Railroad and affiliated companies.

‘Mr. Kirby, which charged Mr. Ball ‘had ‘violated section nine of the ‘Securities Act of 1934 in regards to prohibit against security marke} mani tions, was brought Nov. 2: 1938. In December, 1940, Judge Rob | Et ert ©. Baltzell directed it to Spe- | Heo cial Master Ward on a limited order of reference, The $3,000,000 suit was a warranty suit, flled about six weeks

|ago as. a supplemental action to

the original case.

No. 4 Your Income Tax ' the event of failure to make and ‘file an income tax return as by law within the . &, certain per cent of nt of the tax is req

be [added to the tax unless fi to [fille the return within the ¢ the

itt E baprplader 5295%

per cent in the aggregate

turn and wishes to avoid the addition fo the tax for delinquency | §o% must make an affirmative showing of all facts, alleged as a reasonable

:# |cause for failure to file the return lon time, in the form of an affidavit

which should be attached to the return. = Alleged ignorance of the law does not constitute reasonable cause for delinquency should make every effort to file their returns within the time prescribed by law and thus avoid the ty of the addiin

Am Report. $5,000,000 Case JE

Robert R. Young, officials of the BN Loco

filed in federal court here within|s B

Act, was made out of court after|Sas Ce

bist | * Shanese pr pf 1167

curities as assets of the George and | go, | Frances Ball Foundation. In April,

ghany common stock and payable Grown

win De The action by Mr. Young and|De

A taxpayer who files a tardy re- He

Net Bigs 1 Low Last Change

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The suit stated that the purchase | Soni 3

and his associates was. $6,375,000, of Capw

corn 53% Gorn Prod pf. 172% Crane Co 13} Crane Co cv pf 92 Cream Wht 14 Foe ot 382 Crown Zel 10% Crucilile Fr . 31% Cuda ce'sie na Curtis” Pub .... 9-1 Curt Pub pf.... 1415 Curt ] . 187 Can 75

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Age High, 1041, 138.50; Low, "106.34. High, 1942, 114.22; Low, 105.10. : 20 RAILROADS Westerday .i...ivcconenionns 21.58 Week Ago . “sscesessPrsecsenve 21.58 Month AZO ..cccveecae.cocss 28.87 Year Ago . 27.28 High, 1942, 29.01; Low, 26.66, ‘ NEiigh, 41 80.88; Low. 24.28. » HLS serdar MBBS “ar AP -n 18.59

esterday Week Ago . Year Ago 19.02 High, 1942, 14.04; 1 “High, 1941, 20.65; Low, 13.51.

“NEW YORK STOCKS

Month: Ato. oy Poa duran. 14.18

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Nut Blac ‘nas 1378 a Nat Cyl Gas... 9 Nat Dai

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C . 6% Nowest-Airins . orwalk T pf..

Ohio > Olive.

Omit . Otis Ele 8 12% Owens Ill Glass 4%

Pac Coast Pac Coast

of . Pac Coast 2 pf 12%

Pac ance “.. 10%

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Servel Inc ... Sharon Stl ... 9 Sharon al Sharp s

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I Y STOCK MARKET HAS A FIRMER TONE

NEW YORK, Feb. 26 (U. P.).— * he stock . market developed alto firmer tone in the early. afternoon trading today after morning irregus=, larity. Trading was light. Douglas Aircraft ‘sold at 63%, up|

41 in response to its favorable earn-.

ings report. Coca Cola gained % high in the building section. Bethlehem firmed % point to 61. U. 8. Steel was down % at 51%,

33%. Electrical equipments were firm with Westinghouse Electric up nearly a point. * Railroad issues improved after an

noted in Santa Fé, Chesapeake & Ohio, and Union Pacific. Southern Railway and Southern Pacific. were lower. American Locomotive preferred made a new high. ;

PASSAGE OF BILL AIDS GRAIN PRICES

CHICAGO, Feb. 26 (U. P).— Grain futures moved fractionally higher in early dealings on the board of buying inspired by senate passage of the bill prohibiting sales of gov-ernment-owned farm commodities 11 below parity. At the end of the first hour wheat was up % to 3% cent a bushel; corn up 3% to % cent; oats up % to % cent; rye up % to % cent, and soybeans up % to 3% cent. Traders drew encouragement from the senate’s approval of the farm bloc measure despite indications that the bill would eventually meet a presidential veto. Washington reports gave.the; bill ‘a better than 50-50 chance ot passage in the house.

THREE FODSIERS ON

Indiana. has three representatives

manufacturers advisory committee W the war production board in Washington.

They are Fred J. Petty of Ball Brothers Co., Muncie; John Rau, of Fairmount Works, Indianapolis; and J. M.

Foster, president of Foster-Forbes

/2| Glass Co, Marion,

U. S. _STATEMEN T

WASH ernment ex current son year thro pared with a year ago:

is Yea Bapenses fi 310, 182. S00. 2 W. Spen 085.770.1 8.031.003 9 0,140,406.1 ve, '% Sie det tas 8 Firs Bal. 1,615,526,838.73 1,049,89: Debt. 80! '743,744,890.59 RL 295 Gold Res, 22,713, 317.429, 429.67 22,160,838,387.

INDIANAPOLIS CLEA CLEARING HOUSE Clearings y 13 Debits 16,025,000

LOCAL PRODUCE

Springers, under 4% bs. Barred | and i ock, 17¢; colo isc;

Heavy breed Colored hens, full feathered. Eo asters, 14. Io Ibs. and ofer: B ed and . ar Sn te Rock, 19¢; colored, 1gc. A bid 3 cents rrent . rg 9s Tbs. and up.

b. 24, com-

Last s aa: 591: Lis 42

Graded

26c; Gtade A mediy Yor rs de a all, 23c: grade,

Butter. 3c. btiertat Yor qe: No. > we (Cou x3 pickup prices Niel i th

WAGON WHEAT

Up to close of th today. Imdianapolis four mills and Jo elevators. paid 1 $1.18 per bushi} for No wheat (other their merits) No. 3 vellow shelled OLD was T5¢c per ec; “i 3 Nowe Josie, nellcd wore, 0 w oats, 54c, an 0. ved oats. Bde.

OTHER LIVESTOCK |

Feb. 26 (U. PJ. Hi

VAYNE, 10 cents 80-180 Tos 23h:

280 1bs., $12.80: $12 350 1bs., $12.60; ‘330-400 poss guise; so 160 ibs, $12.10; 140-150 $11.85 RGR AE $15; Lambs, $11,75. si i !

CINC, CINNATL Feb. 26 (U. P.). Hoge. 3075. Weights 160 lbs. up 10c h EP,

aid for and choice 160250 Ts $13.20; 300-400 Ibs. 25: i 25; 110.130" Ibs, uf bulk good Catt

150-160 Ibs. weak; comm heifers, Bem 28: rich $1 good

00 , $11.75@12; rs ". Tait iE Neght. to COWS, aUers. $6.25

Sa on 8 ao ale ih

bulls, hE Bn, a

DAILY PRICE INDEX

NEW YORK, Feb, 26 (U, P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100): Yesterday Sesasiusevarsanees 154.68 Week ABO cwsssissssanssees sro 155.11 Mohth Ago sessassubesenessss 13471 Year Ago setsviersnienssesce 13418 1942 High (Jan. 20) ...... 155.89

Calves,

p20. "Re fat ewes,

, Tob Advances to $13.25 as

10 60. Johns-Manville made a new| Chrysler held at 50%, ex-dividend,|:

‘while General Motors gained % to

300- 3 early . decline. Small gains were dium...

de today under light 1

GLASS COMMITTEE"

on the newly formed glass container |

Glass | Cull

2.88 | Good and Choice—

@| Agents Finance Co. Inc co

i e Chicago Marko:

ioe gw 8 eric

:| Ind i| Indpls “ess ‘ Indpls Railway Co 5s 61..

10-GENT GAIN MADE BY HOGS

7867 Porkers Arrive "At Stockyards.

tr. advanced another 10 cents at the Indianapolis stockyards today, the Agriculture Marketing Service reported.

the advance, boosting the top here to $13.25 for good to choice 200 to) 210-pounders. Lighter weights were | “the same as yesterday. - Receipts included 990 cattle, 567 calves, 7557 hogs and 1817 sheep.

HOGS (7557) (Barrows and Gilts) Good to Chojce— ee » and Gilts)

seeseeeen $11.33012.35 Bal Mi

sess 12. 136 13: 30 cess. [email protected] $e.. [email protected] [email protected]

. 12:[email protected] [email protected]

Good and Choc c 270- 300 pound 300- 330 ‘pound 330- 360 poung

[email protected] 11.40@ 11.80

250. 500 pounds [email protected] Slaughter Pigs Medium and Good— 90- 120 pounds

CATLE (990) Slaughter Cattle & Calves Steers

[email protected]

Choice—

p 1100-1300 pound 300.1500 nounds '....

“wy * Pb pet pk ped 333%

i m— 750-1100 pounds .. 100-1300 pounds ... Common — 750-1100 pounds Steers, Heifers & Mixed

Choi 800-750 750 pounds [email protected] Good— [email protected]

cee U5 113

Choice— 150- 800 pounds .....

Good— 750- 900 pounds .. Medium — 500- 900 pounds ..

Common— 500- 900 pounds

' Cows (all weights) ;

ves 12/[email protected] . [email protected] siseseaseie [email protected]

s00c00snes

Balls (all weights) (Yearlings excluded)

[email protected] |

| [email protected] 8. Ji 9.75

CALVES (567) Vealers (all weights) Good and choic

Feeder & Stocker Cattle & Calves

Choi 500-_ B00 200 pounds 800-1050 pounds Good—

500- 800 pounds . 58.1050 pounds .

Medium-— Sog_loa0 ) pounds. se

500- 900 1 pounds Calves (Steers)

Good and Chojce— 500 pounds Medium. 500 pounds down

Calves (heifers) 20 Dounds dOWR couuc.viee.s [email protected] 500 pounds down [email protected]

SHEEP AND LAMBS (1817) Lambs

IEEE ENE REE EN] 10.00 essssisnns 8.78810. ves 9.000210.00

csessnes

11.280 13 26 [email protected]

Good and choice adiun an and good 0

[email protected] 10.25@11. 3

Yearlings Wethers Good and choice Medium

Ewes (shorn)

Good and choice Common and me tim

LOCAL ISSUES

Nominal quotations furnished by local gnit, . National Association of Securities

Dea Stocks Bid Ask

130-140 Be

Un Van Camp Milk Van Camp Milk Som Bonds

Algers Wins'w W RR 4's. American Toan 5s 51 io

merican n 5s 45......... 98 Cent Newspaper 4's 4281... 29 Ch of B ... 16 p, | Sitizens In 1 nso. Grabb-Reynolds-Tayvlor 5s 42_. 97 T&T Ft Wayne 5'as s 35. 18

bpd kd

8=' 83 8 28 8238 33383% =8

—-

dpls Water Co 3

obit

Muncie av orks, :: d Pub Be N Ind Tel Pub MA of ik 4s 69

td. pd

1 i *Ex-div: iden

N. A. M. NAMES WASMUTH | A. F. Wasmuth of the Kitchen Maid Corp. kitchen equipment manufacturers at Andrews, Ind, has been named a member of the National Association of Manufacturers’ committee on civilian in.

1942 Low (Jan. 2) .......... 151.54

dustry.

A? fa

WiLL Youn EXECUTOR OR “TRUSTEE HAVE ven

ation?

TRUST

Weights over 160 pounds made;

WORLD FARM |

axis COUNTRIES |

7 oo mR 100 $00 1000

OIRO IEEE 0

oF BP BP BP

(ver I Peed eed 000000¢

RRER Of Onn 00

566000608600

|EAGH SYMBOL REPRESENTS 10 PERGENT OF WORLD TOTAL

WOOL

EGGS

HOGS

The American farmer is engaged in a record-shattering effort in the battle of production to supply enough of the right Jonds for the United States—and all the united nations as well. While the democracies may have been caught ii in the production of guns, tanks and planes at the. start of the war, they exceed the axis nations in food and fiber resources overwhelmingly, according to the U. S. department of agriculture, which prepared the chart above. Pre-war year of 1938 is the basis, that being the last one to provide dependable European figures. ’ It shows that united nations sources produce nearly all the cotton,

‘four-fifths of the corn, rice, cattle, and wool, close to three-fourths of;

the wheat and sugar and about: two-thirds of the hogs.

Prom the United States alone come half of the world’s corn and eggs, about 40 per cent of the cotton and approximately a fourth, of the hogs.

“Want Ad WILE Comes to the Rescue

Ah! a lady in distress Just watch me dry her tears, “Aw fair maiden is it love? Please tell me all your fears.”

“Not lack of love, but lack of cash, That’s what has me sore; I can’t keep up with Mrs. Jones, With that ole wolf outside my,

“My magic wand is ‘Want Ads,’ They’ll sell old dust collectors And rent your extra room for cash, They're ‘money blues’ ejectors.”

“Never worry over money, That's a needless thing to do As long as there’s a Want Ad You can tell your troubles to.”