Indianapolis Times, Indianapolis, Marion County, 27 February 1942 — Page 14
fark ry telephoning the “head ng, “Why, yes, Bill, you
of my assembly room. It’s o.
start with you Monday. |
F AN INDIANAPOLIS war another local war plant and|Am Afriines
have the assistant foreman . with him and he says he'll
~NEW YORK _ §T 'OCKS
ed Allis-Chal Ch Del 22%
\m Bank Note 65% Am Br Shoe e of '128%,
Cable erin Can
BEEEEEPEEEEEEER) = oh Sma
| “Now, I need a set-up man in my machining depart- Am Co ment. The U. S. employment s rvice says you might be able
to spare one.
I'll make him head
sét-up man, pay him more
than you are ‘paying him. | Will you ask him if he would work
0-GENT GAIN
for me?”
is we of the things it is doing bers, Manufacturers in ‘this city realize there is a labor shortage, particuularly tion Jeadership | category. | So instead .of resorting to “labor piracy” they
are going to try| |
to meet the sit-
uation this way. |.
Granted, thie
does strange things and | that.
in the foremen and produc-| |
IN HOGS LOST =
Top. Goes Back to $13. 15;
Is Recouped.
“Portion of Decline
plan is radical Yesterday's 10-cent advance . in
and, as far 8s anyone around here knows, has never been | T begin with, it is entirely volo over to another firm, he
erred, the other firm must
t hog prices: was: wiped out at the|4us Indianapolis stockyards today, the!
Agriculture Marketing Service re-
ported.
Weights over 160'pounds declined |BonEor & Ar 3 a dime while lighter weights were If the worker doesn’t, want unchanged: The top was $13.15 for good to choice 200 to 210-pounders. 't have to. And in order t0| pay of -the loss was recouped in
aur RE
Rad
ZatiButE ; FRASER PIF FD DE FL HE +]
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Br UNITED PRESS
30 INDUSTRIALS : Yesterday sesrnesns «+ 105.88 Week Ago RL een 105.10 Month AO «s.ccosvrevcressne 109.41 Year Ago .....ccieivenvearss 180.87 High, 1942, 114.22; Low, 105.10. High, 1941, 138.50; Low, 106.34. 20 RAILROADS Yélterday . sess ettiserettngny Week Ago ...covevtcascanens Month Ago ... sevsssvsetsnese Year Ago ........ Shas ee eles . 2148 - High, 1042, 20.01; Low, 26.66." High, 1941, 30.88; Low, 24.25.
* Fes etsy we
to
W, 18.58. : ; Low, 13.51.
High, 1942, 14.94; High, 1941, 20.
DOW-JONES STOCK yop
+0.24 —0.47| W 0.49] +0.10
Wher Shana ot S » ilson & Co..
Wright Wrigley | Yellow Te Yellow 3 on , Young Bt Stl
Zonite
sasiended’
TE oes aS
Leh V Coal pf.. 13 Lehman
gays Sa a
L O Libby McN pte Savers > 2
30% i 1
=
ion’ on ier. Bees Troratt W'S
—
&NERER
ee messes
01 .. 100 ullins Re B 2%
tl
tid +++
today.
RE Tl
at a one-point
ical group.
to a point.
WASHINGTON
rent fiscal year pared with a Se
vee 13% +.120 © pd Bl Dr.
High Gt 34 5 25
12 120
36% ger 2
AIRCRAFT SHARES FEATURE MARKET
7 = NEW YORK, Feb. 27 (U. P.).—
an otherwise - quiet stock market
Douglas Aiferaft rose to 65% up 1%; Lockheed: A% up 1%; and United Aircraft 31% up 1%. Standard Oil (N. J.) rose a point. Standard of Indiana was in demand
rise also.
Du Pont gained 1% points to 119% in a fractionally higher chemCoppers, airline issues, motors, electrical equipments, and soft drink stocks were up fractions Railroad issues, fea4 |tures late yesterday, lagged after a brief period of firmness shortly
-y, |after the opening when Santa Fe made anew high for the year. ————————————————————
U. S. STATEMENT
~Government expenses and Joceipts | for the curcom-
Feb. 27 (U. P.) through Feb. 25,
Tr ago: en. Last Year
POWER & LIGHT 'PRORT SLUNPS |
Increased Taxes, Expenses _ More ‘Than Offset
Higher Iricome.
taxes and other expenses more than offset its increased income last year, resulting in lower profits. Net income for 1941 was $2,505,392 compared with $3,204,926 in 1940. (The chart, taken from the report, shows these facts in percentages.)
15% = 193) 1938 19% 1940 * Tax savings In 1938 ond 1040 were obtained
by Company through debt refunding
Power consumption in the Indianapolis area was the highest in history last year—703,921,303 kilowatt-hours—an increase of 111,547,546 kilowatt-hours over 1940, The company received (operating revenues), $14,348,013 or about
Income Tax|| The bureau of internal revenue has at its command many sources for checking up delinquent taxpayers, ‘One of these is the “information at source” provision of the in-
t|ternal revenue code under which]. persons, “in ‘whatever. capacity act-
ing,” are required to report on form 1099, to the commissioner of internal revenue at Washington, D. C,, payTh of fixed or determinable income to another in the calendar year of 1941 of $750 or more. If the recipient is married, and is a citizen or resident of the United States, reports need not be made of salary or other compensation = for. personal services unless the payments aggregate $1500 or more, If the marital
'..,|status of the payee is unknown to
the payor, the payee is considered a single person for the pwrpose of filing-an information return of salary of other compensation for personal services. | Fixed or determinable income includes wages, salaries, royalties, premiums, rent, interest, etc. A separate return of information for each employee is required of employers. The requirements are not limited to periodical paymerits,: but a single payment. must be reported. Domestic and resident foreign corporations are required to make a separate report, form 1099, of dividends or dis-
tributions for each individual, citi-|.
zen, or resident of the United States, resident fiduciary, or a resident partnership any member of which is a citizen or resident, who was paid $100 or more during the calendar year 1941.
All persons or organizations act-
Auto Wrodkers to Meet WPB Representatives Here Sunday.
The campaign to get scrap metal out of auto graveyards and. into war production will get underway in Indiana Sunday with a meeting of - the State Committee of Auto Wreckers at 2:30 p. m. at the Hotel Lincoln. ‘Donald Cummins, field worker for the war production board, will ade dress the meeting and ask the auto wreckers to co-operate fully with the WPB even if there is some patriotic sacrifice of their own interest. Mr. Cummins said the auto wrecks ; ers, who are performing a valuable service to the country, are going to ter their present methods of dog business so that Uncle Sam can have thousands of tons of needed scrap. . r Dismantle Cars
He said that the wreckers would now dismantle. all the old cars on their lots, save the readily salable parts for their own stocks and sell the bulk of the metal to scrap dealers. Previously; the wreckers usually left parts on cars until pure chasers turned up. “Present scrap prices fixed by the office of price administration’ will remain unchanged for the duration of the war,” Mr. Cummins said, “Consequently it is obvious that there can be no incentive to Hoard scrap in the hope of getting higher prices.” :
5 the late trading, however, as ship- ( upgrade” pers bid up prices. : Borden the one he has. 1 | Reepipts ineluded: 698 cattle, 450 would be no sense, just to calves, 11,500 hogs and -1587 sheep.
10 per cent more than in 1940, Federal income taxes increased $1,252,050, other taxes $223,406 and other operating expenses
ing at any time during the year 1941 as broker or other t in stock, bond, or commodity | transactions (including banks which handle
Other Meetings
‘He pointed out that the WPB has the power to requisition scrap
Cash Bal W'k’g Bal Le: Pub. Debt i sige 08. 250.52, 46, Gold Res.. 22 15,087,074.3¢ 22,17,
# DHLEDE F
3.63 679.12
el & hypothetical case, in 100 ——— workers quitting their | jobs
panies to give up men they 8 been grooming for key proijon jobs. But as one top inalist here said, “We've. got to
win {the war and if I have to let rsdn
somewhere else, well that’s all right with) me.” ustrial and employment ex- ¢ believe the plan will be | bet-
a T 330- 380 Bo "400 unds .. 400- 450 pounds
HOGS (11,500)
(Barrows and Gilts)
sedamene CLE
sesensne “sees sscns
500 pounds
n
Slaughter Pigs
Mediur and Good— 90- 120 pounds
CATTLE (698)
os ve °» dd gp kt et
Fo BRBLGGGR0
lad oo
fh oh fd pt us RSs
et 3
« 11.90
. 33
2oagSRsaes
8
12.15
0 11:[email protected] | SeLro
| Slaughter Cattle & Calves
Choice'—
00 pound pounds
pound
NN
BERS C
Bush 1 2 Bush > of cit 21 Butler
Br GR | z.
Cal Galiahace: ric. 13-16 Calumet & H . Campbell WY +
Gn i} |
an he Celanese 2d vf. 3 ase J I
it
11%
2,418 fie nt rre Lis TO 98 Pasco 29 aper...100 Ches és Corp 1... 3% Ches & Ohio ... 33% Chic E Ill...., 1% Shc gt vise i c il Order i
pi
—C
3 13-1 6 12
13:18
sas teks
t+) + BO ps o R
HLH EEE ow
nd 8 2 pesssres z 5 44 2 2
= 2 =
oe 22222 S 3 et > Cn
oF ERE
Se bd a0 0 wo 2
PJ
Nor . 3 Norwich Foltnm Sa
&
. .
212 ~ 1%
20 8 12 Otls Steel 3 i Owens Ill Glass a 47%
Me
Pac Coast 2 nf. 1134 113% ™~ ¢c G&El ..... Ml 8 1
22 . Ol ©
< FRE
Ohio Oil Oliver 2 oy Eq Otis Elev
or EE = on =
tHE HE HE
J: b+: - 3
ker 0)
DHE +
Sa sa x
a
Lad
LOCAL oS
=
a
Lh
..’%| Wadley
ound siad endy : Bu
Joules 100-1b fow deck 2 good b
Grae & medi. 30s: or son tbetioria, eo, nape: No.2, 500 0 {County ,Hiciup prices guoted by the
03-1b. 235 with tas,
INDIANAPOLIS CLEARING HOUSE eeee.$ 4,284,000 .. 11,309,000
BRODUCE
under 4% lbs, Barred and 17c; colored, 15c; Leghorns,
Era Spa Solared 4 hens, full feathered.
LAR. Li Bated and
rent ‘receipts, 84. Ibs. and up.
CHICAGO LIVESTOCK
te Thursday, An classe:
be, pilGia de, fon few sice, 35-
i SER cholce 118-125. 1 ted
$641,889, The utility will have some tax deductions again this year because of its refunding all bonds and stock in 1940 but next year taxes will be “substantially” larger. ". War Boosts Output The direct effect of the defense program on the utility’s operation was shown in the fact that revenues from the sale of industrial power ' increased $734,607 or more than 21 per cent. This increase
large, 26c;|made up more than half of the A small, 22c;
total increase in operating income. Earnings were $2.47 per common share, compared with $3.25 in 1940. Common stock dividends totalling $1.60 per paid in the year, and $5.25 was paid to holders: of the 5% % preferred stock. The company’s coal bill increat nearly 29 per cent, totaling $432,000; property additions and improve-
clearing orders for deposits or custodian accounts) are uired to file annual returns of rmation on form 1100 with respect to all customers, deposits, or .accounts for whom or which the total amount of the sales of securities’ or commodities, or the total market value of the securities exchanged, $25,000 or more during the calendar year 1941 and each subSequent, calendar year with certain exceptions. A separate form 1100. must be prepared for each customer, depositor, or account for whom business was transacted during the year, and must show the name and address and other information provided for in the form. Information returns are carefully checked with individual returns of taxpayers. Thousands of delinquent returns and additional revenue amounting to millions of dollars have been secured as the result of
metal in-an auto graveyard if the owner should. prove unco-operative. Regional meeting with other auto wreckers have been scheduled -for Terre Haute on’ March ‘2; Evans ville, March 3; Richmond, March 5; Ft. Wayne, March 6; South Bend, either March 7 or March 10, and Hammond, Mdrch 9.
RCA PROFIT ROSE 12 PER CENT IN "41
NEW YORK, Feb. 27 (U. P.)— Gross revenues of Radio Corp. of America rose -31 per cent in. 1041 to the highest level since 1920 but a 285 per cent jump in taxes held net income to a gain of only 12 per cent over 1940, David Sarnoff, president,” revealed in his annual report, to stockholders today.
the examination of information returns. : :
Incorporations
Highland-Golf Realty Co., Indianalopis,
ments cost $3,746,000. Foun directors whose terms expire, have been nominated for reelection at the annual meeting of stockholders March 17. They are qghlang Elmer W. Stout, chairman of the| Hawthorne Restaurant, Inc. JOLIN. Mer board; William 5 Richardson, | {4 didn © én ) N.S anapolis; 3 ‘Thdianapolis: treasurer, -assis secretary and|200 shares wit out ar value; gene y|vice president; Peter C. Reilly and taurant bustness 1de Mae Adams, Thomas
Arth wn. L. 8B. Tes a “Co, or Indianapolis: regis~ ue V. Bro 1 tration eo vert! phrase’ “One-Buy-One class 27: welts and precious metal ee Class 2. DEReIY. Sarthenware and porcela.
The National mt: "Tool "Co. Richthe pr provisions of ¥ Ac - mmon tol, 500 Yaoi pre-
fegred ‘of of oo r value. Monticello Cabinet Co. Inc., Monticello, amendment. increasing number of directors
Net income in 1941 amounted to $10,192,716 or 50.2 cents per share, compared with = $9,113,156 or 425 cents per share in 1940. The company set aside for federal taxes $16,373,600, equal to $1.18 per’ common share compared with $4,245,298 or 31 cents per share in 1940 and also made provision for other taxes aggregating $3,417,250 against $2,685,903 in 1940. , Gross revenues from all sources in 1941 amounted to $158,695%723 against $121,439507 a year earlier, In 1929 gross revenues were $176, 593,839. :
nounds ....
Ra s trade: bidding; $11. RIFE 0 8! to Mab lambs, hela July cents lower: $ixietly Sholss kind e! steady 510.000 Market active on weights yp mostly s beady; | heavier
240 1B. ari doighers 3 br hi top, i3-0 bulk Tie be” gi 1830: most 3 a gaits Gas 30: le 1000, Cal
to oo +528 Brie eders bulk. SAE ad Sows
En fis atdete] not b ; hardl enough make a mar ed 10.75; best, In BE lo BE 0 $9. bulls
“ror
‘generate into a tangled mess with 13002 time, money and production being pounds .
9 | lost. | : 00 pound | » # 2 1300-1500 pound
NOTHER “RADICAL” IDEA, HE DONREE. sass vv anasen developed in this state, is being Sotn
1100-13 AS sevnsecivenss 0.18 adopted on a nation-wide basls, | 1-10 bounds sain SEE 8 It is the now-famous “census of
Steers, Hoiters & Mixed Eomv! ” made at Kokomo. The
nn pounds «..... [email protected] Sons Alrerare' z § ¢ idea was to find out what a P0 Sounds Bir” re lingus Gont oF oi 93 could do, what kind of pate; $00 pounds .. Cons Edison. 190% he had, in the hope that ht be placed in a job more ble for increasing war pro;
GON Doe pes HBO NE
et ~<a or
=
«es hpi eh fut pet he
3 85h gsm:
2 De tad
- BEAR BE
SHEE IE EE +)
Ces =
a Re
+ J 1 a aN = Co p30
a,
mero SEER
No
WAGON. WHEAT i Up to the close of the Chicago Market today, indishapolis flour mills and ran) elevators paid "$1.18 per bushel for s fod wheat ah er grades on on thal merits) 3 yellow
Toc per Ne er: aoatled coos bushel, ofS vente Tonle eed. yor; red oats. Bc.
cessnnsens [email protected]{ Cons Edison ,.. 12% Good— Co! ons Film pf . 9 750~ £00 pounds’ s8800000000se 11 [email protected] oil Mediuin—
500- £00. pounds ..eessisecsss [email protected] So
c i 8 Svsnensh Ane. 9.00 Cont Ins 38
ta Cont Motor “Cows (all weights) Cont Oil Del. el 31 8 ans Copweld su Soe 10° 8. Ex Bank FL
-
SEE = Sa wa i
I +e I he
orn Prod .
early next month, to get informa. Corn Prod pt 11
#®
Bulls (all weights)
ti = the occupational skills of about 40,000,000, men. The emplo; nt service gets regular refrom industry, telling how workers will be needed. Now suple loyment ell Service will know are avallable,
(Yearlings excluded) . ne
CALVES (450) Vealers (all weights).
: igi 3:38
Croom’ Wheat" « 14! Crown Cork ... 17
ed [email protected] ‘Crown Geller . 1 .
Crwn rel Bt ». 80% Crucib! L318 Grucibie pf . TT
hn NL £132 Cuneo Press er 14%
9-16
Curt 14%
+11 FFE HEE LE 1s 4
iid
sili
igi
Curtiss Pub... A Pub pf. Re b 8 .. 6 Mon a Rootes 1 & 8b. “008
1+: + 4 R
ood and choice mmon and medium Safew: {feeder & Stocker Cattle & Calves ie i ET Safeway | 4 a ages teers / |D & Co .. 22 22 Bo Jos 300 pdunds ............. 11.00 12.00 or gs 15% P 4% pi 118% Roebuck
7% 4% 14
Ye they Curtiss-Wr ‘pi’
Cutl
Ea
. Lo] DS | lan Enos, University of | Choted— Sissi, experimenting with wasp, believe they have fo d a counter-fighter for the boll Ne menace. . . . Bananas, once|M from South America directNew York, now go to New| 500- 000 po , thence by rail, saving 2000 , Calves (Steers) = each round trip. . . . Vest-| G38% ng ghojee— : ts are making their a edlym— g the buyer $5 an i "500 unas down
t+] - a
Schenle “1080 pounds ...seseeecoes 10.50 Scott P
Good D Lac 500- BOO pounds . + 10.00 11.00| Det son pps pounds [email protected] Dex J xie-Vortex .. B60: 1000 pounds Dome Mines ... Commnion—
oo
sssseencncace [email protected]
These Are Times to @
+1:
14d: dd Ht
13 118 114
3 4
I
Du Pont ..119 Duques L pf .
Bast Air Lines, 21 Bast R Mill ....130 Mig ....
+++ ++]:
SHEEP AND LAMBS (1587) Lambs
war industries, will their pe, | Ma hine stry is getting ready 't0| Good ana chotce omen workers to replace Medivin and good .) i
ct ‘w wa Erie of i wi'.. Eureka vac ...
+]: a:
FR FIER FEE HH HE HD+ a Br :
|
y pai Yesrlings Wethers Good and choice .
STOCK COMMISSIO Sa | BE INCREASED] vocav issues
' YORK, Feb. 27 (U. P).—A alt of of Bing), Juotptions furnishen RM
Gen increase in public commis- Stosks _ oa Ask ge i 9 rates for trading in stock ow
and | Ag on the New York Stock Ex-
rod Dep St.. Fid Phen .... Fltkote
Your Purchase at Dee's, the Store That Serves You Best!
Now is the time to enlist your credit to make every dollar count, in spite of the fact that we have been told and you
Make i
Sle 28
Preept-Sul ..
Gamewell eo : 3% Gen Am Tr ant Son
~ 56 veses 18%
Co 24
uth Pap
have » been told Wat eichandise ao Jet, to get, we 0A a ious selection o utifu in diamonds, nationally ality jowelry to serve all your
amous watches and other qua personal and gift requirements. Rem r, you may use our easy credit terms at absolutely no extra ¢ost. All you pay is the standard cash prices, and take months. $ to pay.
Cable Cigar bi: l1gd actrie. 5 G&E A. Gen Motors : » will go into effect on March fai ; J sii © ot. Hs subject to sppoval of the Ex- : | = n Tntze Ea. . i 1% llette 8 $5 of 45
Z LHe
FESR SHEE DEE
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taken at a me pure ELS e exchange board of governors md marked ‘the ot
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[44 HE $10 + 4
shan ik
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wn awe Sane ses EEA Fire
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Holmes Wah of. we
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