Indianapolis Times, Indianapolis, Marion County, 24 November 1942 — Page 15

} | ly

¢ J i

DY, NOV NS FINA U.S. VIAR COSTS

New Tax Rates Will Raise ~~ Only Cne-Fourth of Fun'ls Needed.

'WASHINC ON, Nov. 24 (U. P.).— Borrowed money has financed vig tually all war costs of the United States thus ar, and the recentlyenacted wart ine tax rates will raise "only about «ne-fourth of the nation’s annua; war costs, a United Press study « isclosed today. The amount of treasury securities outstan< ng has increased $42,100,000,000 ir: the 1ll-month period since Pearl Harbor, while at the same time 2 total of $41,859,000,000 has been gp°nt for the war, the study shows When thi; country was plunged Into war lai! December, it was too late for th: government to enact a new tax ill applicable to 1942 collections. I'reasury officials estimate, howe cr, that after Jan. 1, 1943, the nw wartime levies will raise sufficicit money to pay for one-quarter of the -annual cost of the war afiir allowing for normal government ''xpenses. These tay 's, Treasury Secretary Henry Mor: cnthau Jr. has often stated, fail //y at least $6,000,000,000 & year to r: 52 the amount that the treasury e:' nates is necessary to .meet the w: - costs. As a resu!| a new tax bill is being prepared fo: submission to congress soon after (he first of the year. Morgentha recently disclosed that treasury ej: erts have been consulting with :l] government departments and ' ureaus. ‘

“ Public Debt $97,100,000,000

Whether ir not this bill will include a coripulsory savings. feature has been : much discussed question. The 1: sasury has opposed such &.provisior. in the past, but other circles arc understood to favor it, There also has been much debate ' Upon the (estion of collection of taxes at tli¢ source. ; Sale of |cvernment securities in ‘the first |1 months of the war brought tl; gross public debt of the United Stiles up to $97,100,000,000, as of Oct. | 1, or exactly the amount of treasur: issues outstanding. In the {ve months prior to the outbreak (f war the rise in the amount of government obligations outstandin : was $6,100,000,000, while in that jeriod $7,235,000,000 was expended [or war operations. Since first of this month there ha: Leen little change in th amount outstandi/iz. The treasury issued and sold ‘some tax anticipation notes anc war savings bonds, but all other financing has been of a

I 10

» refundin= nature.

Will Finance $9,000,000,000 Howeve', on Nov. 30 the treasury

- will star! a financing operation of

$9,000,000, X)0, the greatest of history. Greater stress will be laid on sale of sc :urities to the public than in the poi. Some 300,000 volunteer workers vill strive to increase the number of persons buying war bonds th jugh the payroll deduction plan by 000,000. At the ‘ame time the victory fund eommitic’s will campaign for the ‘sale of {ix notes and other securities to he larger investors and banks. ese will include~28-year 2'2 per ‘ent bonds, to which the banks vil not be allowed to subscribe, i c-year 13% per cent bonds and 7% 1 'r cent one-year certificates of indehi dness. nks’ subscriptions to each of the latt:' two issues will be limited to $2,000 100,000.

BANKS TO HANDLE RATIONING COUPONS

NEW 1% ORK, Nov. 24 (U. P.).— Ration (jupon banking probably will be : opted on a nation-wide scale as | résult of current experiments i, New York state, the Americal: | Bankers’ association said today. :Expericiice with the test, which the office of price administration has been carrying on in the Albany-Troy-Sch:aectady area of New York fate for ‘he past few weeks, indites th: ration coupon handling by the bz: ks on a nation-wide scale . Is feasibl® the association declared. Report: ‘romea special committee of the a: nciation which has been ‘studying he experiment revealed that whil the routine handling of e ratior account in the trial has t offerc | any serious operating problems 1!icre are, however, several other siti tions which must be solved. These 1 0hblems, the association seid, inclu © a method fon clearing veuchers, {12 cremation of coupons, remmb ‘nt to banks for operating costs. and the legal aspects of

‘the coritrac ual relationship between

periment.

the OPA :1d the banks, but the pommittee lclieved that practical answers we © being found in the ex-

£1 A ————— on

el | INSURANCE

Personal Property , policy that covers fggage-- {ports equipment=

ring t11 sarel—household s—in ihe home, on vaca

ot the cleaner’s, in rese Souants o. hotls—from the common zards of BURGLAZ V « THEFT © FIRE

fic, mysterious diswind, +e, and many addis 2

sonal perils. Tho cost is loss ther you'd imogine

NCE

/1| government securitiestHigh. . Pig iron production at the

i [income $846,312 equal to 29 cents

+ |Ltd.,, and subsidiaries year to Aug.

: 7 |& common share vs, $573,631 or $1.66 a share in the preceding fiscal year.

{|$773,994 equal to $4.31 a share vs. $804,999 or $4.99 a share last’ year. |

4 | price index of 30 basic commodities,

PEW

976 90? Lhd] 1929 1930 93

production, heavy consumer buying

ARMS OUTPUT SETS FAST PAGE

War Production Quadruples Since Pearl Harbor, Says

Magazine ‘Steel.’

CLEVELAND, Nov. 24 (U. P.).— Armament production in the United States has quadrupled since Pearl Harbor, the magazine Steel said today in a report on American industry’s wartime activity. The automobile industry, which shipped $3,500,000,000 worth of war material in the first 10 months this year, now is producing at a rate 50 per cent greater than peacetime peak, while the machine tool indusfry is “headed for a $1,500,000,000 year, 63 times the value of its output 10 years ago,” the trade publication asserted. Lend-lease aid to America’s allies amounted to $915,000,000 in October; merchant ships are being launched at the rate of three a day; and naval vessels at a rate of more than one every three days, it said.

American Capacity Increases

Bolstered chiefly by the sharp increase in American capacity, the united nations now are able to turn out 131,000,000 tons of ingots annually, of which 89,000,000 comes from American steel mills, compared with annual capacity of 61,000,00 tons for the axis. For the first 10 months of 1942, steel ingot production vrose 4.5 per cent to 71,604,470 tons, a new

C C

same time rose 7.5 per cent and iron ore production increased 17 per cent for the 10-month period and is expected to reach 92,000,000 tons for the season. The magazine stated that “durable sivilian , goods plants. in ~'October were estimated to have been 91 per cent converted to war . production.”

FIND BLOOD CLOTS CAUSE BURN DEATHS

By Science Service NEW YORK, Nov. 24—Death

which follows severe burns may be due to formation of protein clots, medically known as emboli, in the capillaries, or very small blood vessels, Dr. Herman Kabat and Dr. Milton Levine of the University of Minnesota and the Anderson Institute for Biological Research, report in the current issue of Science here.

The protein clots are apparently a fine precipitate of fibrinogen which form when blood plasma is heated. Fibrinogen is the chemical parent of the substance which clots blood when it is shed. It is the size of the particles rather than their chemical constitution, however, which bears the toxic. properties, the scientists found. Blood serum and heated plasma apparently do not contain the toxic substance believed responsible for the ‘deaths following burns, Measurements of subskin temperatures in scalds had previously shown that temperatures of 55 to 65 degrees centigrade (131 to 145 degrées fahrenheit) are reached and maintained for sevkral minutes. When plasma is heated to this. temperature, the fine precipitate of fibrinogen forms.

BUSINESS AT A GLANCE

By UNITED PRESS American Airlines, Inc, and its consolidated subsidiaries nine months ended Sept. 30 net profit $2,407,480 equal to $3.91 a common share vs. $2,106,234 or $3.39 a share a year ago. . American-Hawaiian Steamship Co. and subsidiaries nine months ended Sept. 30 net profit $1,678215 vs. $2,056,149 year ago. Associates Investment Co. and wholly’ owned subsidiaries nine months ended Sept. 30 net profit $1,985,848 equal to $3.88 a common share vs, $1,735,636 or $2.99 a share year ago. Louisiana Land and Exploration Co. nine months ended Sept. 30 net

a share vs, $889,937 or 30 cents a share last year. : Sherwin-Williams Co. of Canada,

31 net income $641,867 equal to $2

Signal Oil and Gas Co. nine months ended Sept. 30 net incomé

DAILY PRICE INDEX

NEW YORK, Nov. 24 (U. P.).— Dun & Bradstreet’s daily weighted

compiled for United Press (1930-32 average equals 100): Yesterday Sees ssn etRen 159.75 Week ago $0000 0c0cRrRRIRPRRS 160.10 Month ago e00000000000000000 159.68

Alleg Allied

Douglas Aire .. Du Pont East Kodak .. Elec Auto-L ... 29 Gen - Elec Gen Poods .... Gen Motors ... Goodrich Goodyear H

its| 1p

Int Nickel Int T&T

Kennecott

Owens Packard Pan Am Airways Pict...

Republic Stl .. Sears ‘Roebuck. Servel Inc .... Soc-Vacuum ... South Pac .... Std Oil Ind ... Std Oil Stew-War Stokely ‘Br .... Studebaker .... Swift & Co

U S steel pf ... Warner Bros .. Westing E1 .... 7 Wihte Mot .... Woolworth Yellow Tr Youn, Zenith Rad

Indiana Business Continues R

| 1932 1933 1934 193% 1936

Chief factors for the rise and increased farm income.

N. Y. Stocks

High Low La v.. 5-16 5-16

Net st Change Corp .. 6... Chem ..

138 247% 70% 6

128% 1342 25%

42% 18%2

3% 33% 54%, 21% 255%

Sr IERLLL LHL +0

orn Prod urtiss-Wr

LHL I++

ecker Prod ...

Ill Glass 2

. . . .

+L:

. .

Sheet ..

CLELLEL:

Complete New York stock quotations are carried daily in the final edition of The Times.

TIN EXPERT TAKES

NETHERLANDS POST

NEW YORK, Nov. 24 (U. P).—

J. Van Den Broek, Dutch tin expert who has been aiding tin smelting operations in this country, has resigned to assume the office of finance minister in the Netherlands government in London.

Van Den Broek has been presi-

dent of the Tin Processing Corp., a Dutch-controlled company ‘operating the tin smelter owned by the U. S. Metals Reserve Co., which, in turn, is a subsidiary of the Reconstruction Finance Corp.

GRAIN FUTURES UP ON CHICAGO MART

CHICAGO, Nov. 24 (U. P). —

Grain futures strengthened on the board of trade today.

Wheat advanced % to 3% cent a

bushel at the end of the first hour, corn up % to 3, oats up ¥, rye up

% to 7, and soybeans inactive. Markets rallied today without any

apparent incentive following yesterday’s weakness attributed to the break in cotton.

Commission houses hought and

sold on both sides of the corn market in small volume, and trade reflected no activity on the part of commercial interests.

One of the elevator houses bought

oats futures firming prices.

December oats eased fractionally on the Winnipeg exchange, and grain futures in other markets fol-

lowed the upturn of the Chicago pits.

Want a Room? Call Riley 5818

The telephone number of Homes Registry is RI-5818. Persons wishing to rent a room, apartment or house may I call that number or call at the office in the Claypool hotel. Landlords are urged to file vacancies with Homes Registry.

SANTA'S VICTORY CHRISTMAS

ALL SET! JUST GIVEME PUSH AND AWAY ILL GO!

Year ago ........se000v00i0es 143.62

1942 high (Oct. 1) e0s0 0000s 161.45 11943 2

1937

® United States

is tion said, pointing out that s [doubled production schedule need

85 70 8%

. 1938 1939 1940 1941 1942

For the fifth consecutive month, the Indiana business index compiled by Indiana university’s bureau of business research advanced in October.

were continued expansion of war

WAR PLANTS URGED TO AID PROMOTIONS

NEW YORK, Nov. 2¢ (U. P).—

, |IThe National Association of Manu2 |facturers today urged war plants to

aid employees in obtaining job pro-

s \motions as a means of heightening s [production efficiency and worker » l[morale,

In a letter to its 8000 members the association asserted that “the opening of a new front in Africa by American forces will practically double the demand for production in many war plants, and, with no

‘vy, |‘doubling’ of the supply of skilled 1 workers in sight, industrial manage-

ment will have to meet the test by

+ | improving its methods of supervision

and training.” Stating that “intelligent upgrading of workers means greater efficiency in the plant and builds worker morale,” the N. A. M. through

s its industrial relations department

advised that plant instructors “reeognize the fact that they must help employees to qualify for promo-

tions.” 4

. A “surprising percentage” of factories already

have met the need for more work-

a ers through programs of “effective

supervision” and more will do this in the immediate future, the associa“a

not mean a doybled personnel.”

: ICKES ASKS FOR A

SEGOND PIPELINE

WASHINGTON, Nov. 24 (U. P.). —Secretary of Interior Harold L. Ickes announced today he has applied for authority to build a second pipeline to move additional oil from the southwest to the northeastern seaboard area. Ickes, testifying as a suprise wit-

4 : s | ness before a house interstate com- «| merce subcommittee, said he con-

templated a 20-inch pipeline capable of carrying 200,000 barrels of oil daily. . This would be in addition to the 24-inch line now under construction from Texas to Illinois and which is scheduled to be extended to the New York-Philadelphia area some time next year. The additional line would have several terminals in the southwest and also would run into the New York-Philadelphia area, Ickes said. He said that as petroleum coordinator he had encountered some difficulty in obtaining priorities for the pipeline, now under construction but that the “latest fly in the ointment” was that skilled labor required for installing pumping machinery had been “kidnapped by Mr, Kaiser to build ships in the Northwest.”

PAY-AS-EARN TAX GETS LABOR BACKING

Times Special

PITTSBURGH, Nov. 24. — A pay as you earn system of collecting federal income taxes has been indorsed by the A. F. of L. Central Labor union of Pittsburgh. ' The Central Labor union voted to assist in setting up the “necessary machinery” to promote some sort of program for deducting income taxes from wages as they are earned.

tem “places great hardships on the workers to pay these taxes in lump sum payments the next year following the one in which the income was earned.” Present tax methods, the resolution said, impose “a retroactive tax on wages already earned and, in a great many cases, already spent.”

U. S. STATEMENT

WASHINGTON, Nov. 24 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 21 compared with a year ago:

This Year Last Year

Expenses .$27,070,723,204.42 $8,490,373,824.04 wi d.. 24,839,212,387.17 6,009,336,044.02 4,910 2,846,320,433.93 5,590,537,490.08

INDIANAPOLIS CLEARING HOUSE Clearings Debits WPB WILL EXPLLAIN PLAN The war production board’s controlled materials plan will be explained by government officials to Indiana manufacturers at a meeting to be held Dec. 2 in the World War Memorial.

TRUCK OPERATORS TO MEET Indiana truck operators will meet at 1 p. m. tomorrow in the Antlers hotel to discuss the effects of a proposed federal order restricting truck

shipments exceeding 250 miles.

A resolution said the present sys-|?*

3 1 A

PORKER PRICES

All Weights Are Off 10 Cents as 16,000 Head

Are Received.

Hog prices were lower again today on the Indianapolis market as 16,000 were received at the stockyards.

All weights were 10 cents off, with a $13.60 top for 160 to 200-pounders. Cattle receipts were 2000; calves, 650, and sheep, 1500.

HOGS (16,000)

pounds ass $ pounds cones pounds .. pounds .. pounds pounds pounds .. pounds .. pounds .. pounds .....

160- 220 pounds Packing Sows Good is Choice . pounds 300- 0 pounds 330- 360 pounds ..... 360- 400 pounds [email protected] Good— 5 400- 450 pounds .seceevesces. [email protected] 450- 500 ‘pounds ....ecee0000 [email protected] Medium— 250- 550 pounds [email protected] Slaughter Pigs Medium to Good— 90- 120 pounds

CATTLE (2000) Slaughter Cattle & Calves Steers

[email protected] [email protected] . [email protected] [email protected]

evens see

vee [email protected] [email protected]

[email protected]

[email protected] [email protected] . [email protected]

[email protected]

[email protected] 15.75@ 17.60 [email protected]

1300-1500 [email protected]

Good— 700- 900 900-1100 1100-1300 1300-1500 Medium— 700-1100 pounds .ecccecoscse 1100-1300 pounds esessssscsene

pounds .. + 14.50@ 15.50 pounds .. pounds .. pounds ....ecccces [email protected] [email protected]

Common— 700-1100 pounds ceesttsnnties [email protected]

Heifers Cholice— 600- 800 pounds 800-1000 pounds . ood--600- 800 pounds ...eecescenee 800-1000 pounds ..eesececces Medinm— 500- 900 pounds ..ececescecee Common — 500- 900 pounds Cows (all weights)

14.85015,75 14.85015'95

[email protected] [email protected]

esses ssensnne

Cutter and common

Bulls (all weights) (Yearlings Excluded)

Goo Sausage— Good (all weights) ...eee... [email protected] Medium [email protected] [email protected]

CALVES (650)

' Vealers (all weights)

Good and choice [email protected] Common and medium Ng Cull (75 lbs. up) [email protected]

Feeder & Stocker Cattle & Calves Steers

tesa eesssss [email protected] cessssssesss [email protected]

sseessesesss [email protected] eeeees [email protected]

Sess 0800000 [email protected] 500- 900 pounds

[email protected] Good and Choice— 2% bounds down .eecescenes. [email protected]

edium—— 500 pounds down [email protected] Calves (heifers)

Good and Choice— » S00 pounds down sees... eee [email protected] e . :

M — 500 pounds down [email protected]

SHEEP AND LAMBS (1500)

: Ewes (shorn) Good and choice . Common and choice ..sse0sse. Lambs Good and choice Medium Common

Choice— 500- 800 pounds 800-1050 pounds Good— 500- 800 pounds 800-1050 pounds Medium— 500- 900 pounds Common—

6.50 6.00

sesecssesss [email protected] vessssssss [email protected] [email protected] Yearling Wethers

choice .eevsvceneess 12.75 11.75

CHICAGO LIVESTOCK

Hogs—Receipts, 20,000; market closing slow; steady to 10c lower; good to choice, 190-325 1bs., [email protected]; top, $13.65; 160-190 1b. [email protected]; sows mostly steady; good and choice, 300 -500 Ibs. [email protected]. Cattle—Receipts, 8500; calves, receipts, 1000; fed steers and yearlings steady to strong; bulk," [email protected]; top, $17.25; several loads, $16.75@17; heifers strong, strictly choice, 1025 lbs. offerings, $16.25; bulk, [email protected]; steady trade on cows; weighty cutters to $9; good beef cows, $11.75@13; bulls strong, active; \heavy sausage offerings, $12.60; vealers fully steady at $15.50 down; stockers and feeders steady to strong. : Sheep—Receipts, 6000; slow; a few openin gsales and bids about steady; a few lots ag lambs, [email protected]; good and choice ots held above $15.60; best good to choice No. 1 pelts, $15; other classes steady; several decks of medium to choice yearlings, [email protected]; common to good slaughter ewes, $7 down.

OTHER LIVESTOCK

FT. WAYNE, Nov. 24 (U. Steady; 160-200 lbs., $13.45; 200-240 $13.35; 240-300 1lbs., $13.25; $13.15; 150-160 lbs., $13.15; $13.90 130-140 1bs., $12.65;

Roughs, $13; $9.50 $6 down. CINCINNATI, Nov. 24 (U. P.).—Hogs— Receipts, 400; weights over 160 lbs., 10c lower; lighter weights, 15¢ lower; sows weak; top, $13.65 paid for good and choice, 160-200 Ilbs.; 200-300 1lbs., $13.55; 300-400 1bs., $13.40; medium and good 150-160 1lbs., $13.50; good grade sows, [email protected]. Cattle—Receipts, 500; calves, receipts, 250; market steady; cows stronger, 10@ 15¢ higher; bulls strong to 25¢ higher; medium to good steers, 25¢ higher; common and medium cows, [email protected]; canners and cutters, $6@9; extreme top on bulls, $12,25; common and medium, $10@ 11.50; vealers steady, top $16; good and choice, $16@16; out grade down to $5. Sheep—Receipts, 500; steady; good lambs up to $14.50; choice fat lambs to $15; thin lightweight lambs down to $6; fat slaughter ewes, $5.50 down.

METEOROLOGY NOW IS JOB FOR WOMEN

WASHINGTON, Nov. 24 (U. PJ). —A year ago there wasn’t a woman “weather man” in the United States.

13.25

Good and Medium 12.50

140-150 1bs., 100-130 1bs.,

stags, $11.25; male hogs

000 Now there are scores and soon there

will be more. The weather bureau has announced it has 50 scholarships in meteorology to bestow at five major universities and that “qualified women are especially encouraged to app » . The reversal of the bureau’s longstanding policy resulted from the

been calling its scientifically trained men into the services—leaving the bureau with a considerable man-

power problem.

Chapter 2—Fixit Is in a Fix!

LOWER AGAIN!

! PACKING PLANT AT

0 erations will cease Saturday al00| though delivery of processed meats

sesecnes [email protected](

hE bs., 300-400 1bs.,| Ind

8, s own; calves, $16; lambs, $14.75; ewes, 2

fact that the army and navy have|3%.

Bank Clearings ... Bank Debits Postoffice Receipts .......oe0000000 Building Permits ...7.ccco0veeenen. Houses Apartments Business Industrial Publie Repairs and Alterations ....... Applied for Jobs Received Jobs . Filed Unemployment Claims ...... Freight Carloadings: Inbound Outbound sebessasnsnes Electricity Output (kwh) ........... Water Pumpage (gallons) .... Streetcar passengers (Nov. 14.) .... Telephones In Use (Nov. 19) ...... Livestock Receipts (Head) Cattle Calves Hogs Sheep Grain Receipts (bushels) Corn Wheat Oats Rye . Soybeans

cscs eases tt ears aan tenets Sev esssnstssresssen S0sB es snsssgrtnteniny ®esssssscrncasiessnee

Bes eserves sssesene

sesvcssnnse

sessnene tees cerseve ®eesessscscan Sesser erssnrescnnttsnae “tse seBr ess ssssnrensntene sess csecree sesso Sess ssceerssseecsssnreninge Secs ssscanssetavinasne “ere 0setessnncsecententsne

cessssessnsesss. $28,249,000 Craesessenssss ess 557,004,000

ee es.273,740,000

Indianapolis Business Summa

Last Week

Week Last Week Before A Year Ago $31,575,000 $22,338,000 $75,146,000 $59,410,000 $96,405 $93,946 $102,587 $138,066 $70,700 $106,400 0 0 0 $12,800 $28,000 $16,500 0 0 $3,887 $2,366 1,103 858 466 536 106 357

$113,037 $87,849 $69,600 0 0 $8,700 - 0 $9,549 1,382 762 116

4,045 2,760 18,232,000

4,054 2,381 17,810,000 272,550,000 1,975,128 +182 84,381 7,234 2,868 61,198 . 13,081 643,000, 504,000 97,000 42,000 0 0

4,365 2,384 14,243,000 254,540,000 1,483,631 +83 58,478 4,271 1,842 46,635 5,724 846,000 629,000 20,000 62,000 6,000 129,000

1,999,090 +107 83,308 6,835 2,755 63,578 10,140 709,000 518,000 153,000 36,000 0 2,000

$1,138,945,000 $2,927,828,000

12,002,960,000

PAGE 15 ry

1942 “% Chge. Thus Far ’42 vs.’41 $1,304,945000 + 14.6 $3,500,516,000 + 19.6 $4,538,764 + 59 $6,570,527 — 39.0 $3,808,280 — 41.9 0 —100.0 $245,341 — 81.5 $1,978,140 + 9.3 $16,300 — 97.4 $938,083 — 37 59,831 + 191 29485 — 24 15,552 + 4.3

1941 Thus Far

196,190 124,156 654,640,000

187,904 118,257 731,879,000 12,693,060,000 81,299,093 120,104 2,783,067 303,436 139,103 2,032,843 311,475 30,566,000 21,508,000 7,519,000 4,630,000 330,000 572,000

61,530,306 109,838 | 2,681,318 240,617 134,642 1,974,829 294,750 31,651,000 - 21,230,000 4,193,000 5,082,000 247,000 1,024,000

Sources of above figures: Indianapolis Clearing House association, Indianapolis postoffice, city building commissioner,

Indianapolis office of the U. S. Employment service, Pennsyvania railroad, New York Central railroad, Baltimore & Ohio, Illinois Central, Chicago, Indianapolis & Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis Railways, Bell Telephone Co., Agriculture marketing service, Indianapolis Board of Trade, Indian-

apolis Power & Light Co.

DECATUR TO CLOSE

DECATUR, Ind.. Nov, 24 (U. P.). —The Mutschler Packing Co. here will close this week-end because of low ceiling prices and limitations on slaughter. : Officials said manufacturing op-

will continue until the middle of

December. “Due to restrictions allowing us only 70 per cent of last year's slaughter, and the low ceiling prices, we cannot operate profitably and therefore intend to close and liquidate our meat packing plant,” a statement from the company said. Ceiling price controls the retail trade, while there is no celiing on livestock prices at the farm, making the margin of profit too narrow to continue operations, officials said.

Henry Ford Sells Private Rail Car

NEW YORK, Nov. 24 (U. P.).— Henry Ford’s private railroad car has been bought by the St. Louis Southwestern (Cotton Belt) railway for an undisclosed sum, according to an announcement by the American Railway Equipment Co., through which the sale was arranged. The car, known as “Fairline,” was built in the Pullman-Stand-‘ard Car Manufacturing Co: shops several years ago at a reported cost to the motor magnate of $153,000. - Until recently the car had been kept in a building at Dearborn, Mich., where there is a Ford museum of railroad equipment, including four civil war passenger coaches,

LOCAL ISSUES

quotations furnished by local tional Association of Securities Dealers.

Bid Asked Agents Fin Corp €OM.....eoee 1% oe Agents Fin Corp pfd ....ee..-20 Belt RR Stk Yds com Belt RR Stk Yds 6% fd... obbs-Merrill com cones obbs-Merrill 4%2% pf .... Comwlth Loan 5% pid Hook Drug Co com . Home T. Ft Wayne 1% pid Ind Asso Tel 8% pf

Nominal unit of Na

12% 51 5

n Serv 6% D. Indpls P&L 5%% pid Indpls P&L com Indpls Rlwys Inc. com... Indpls aie % pid

d Pub Serv 7% pid Progress Laundry com *Pub Serv of Ind 5% pfd *Pub Serv of Ind com ....ee0s 11% So Ind G&L 4.8 pfd oT United Tel Co 5% Van Camp Milk pfd .. Van Camp Milk com ....ee

Algers Wins'w W American Loan 58 American Loan 5s 46 Cent Newspaper 4%2s 42-51 .. Ch of Com Bldg Co 4%s 51... 75 Citizens Ind Tel 4%s 61 ....103 Consol Fin 5s 60 .... Crabb-Reynolds-Taylor 4s ... Wayne 6s 4

«es 95 . 65% wo 11

Water Wks Trac Term Corp 5s 57 SEx-dividend.

LOCAL PRODUCE

Heavy breed hens, full-feathered, 10c; horn hens, 16c. pringers 1% Ibs. and over: colored, 30c; barred and white rock, 21c; cocks, 10c. Roasters, 4 lbs. and over; color . white rock, 21c; barred rocks, 3lc.

TEAGLE RESIGNS AS | STANDARD OIL CHIEF

NEW YORK, Nov. 24 (U. P.).— Directors of Standard Oil Co. (N. J.) have accepted the resignations of Chairman Walter C. Teagle and two other top-ranking executives of the company, In addition to Teagle, chairman since 1937 and an employee of Standard Oil for nearly 40 years, resignations of D. L. Harper, vice president in charge of sales, ‘and Edward J. Sadler, operating vice president, were accepted at yesterday’s meeting of the board.

HORIZONTAL 1 Pictured U. S. President,

Ralph W. Wallagher, a Standard Oil vice president since 1933, was named chairman of the board. W. E. Pratt and Eugene Holman were named vice presidents to succeed Harper and Sadler, respectively. The places of Harper and Sadler on the board of directors were filled by Frank W. Pierce and R. T. Has lam,

WAGON WHEAT

Up to the clos? of the Chicago market today, Indianapolis flour mills and grain elevators paid. $1.25 per bushel for No. 3 red wheat (other grades on their merits. No. 2 yellow shellea. corn was T77c per bushel and No. 2 white shelled corn, 88c; No. 2 white oats, 46c, and No. 3 red oats, Cc. !

CROSSWORD PUZZLE

Answer fo Previous Puzzle A

(abbr.). 9 Cloth measures. 10 Gloss.

NIA

Franklin eee

ERJI S

R | 11|R

0 i 11 Turned inside out.

E 4CIA EIR

14 Sultanie decree. 15 Circle part. 16 River embankment. 17 He is full of

C 0 F

> mir id Zo NID

E! A M

RAM Bi

Eps ot

12 Leeward tide. 13 Threefold (comb. form) 21 Classifies. 24 Bitter vetch. 26 Symbol for tellurium,

| INIKIS | PlO|T NIA

E E R

18 Make lace.

Pll. E

E SIE R RIRIO Ym I) 29 Increase,

19 Scoff.

N TIOE

R sl ID Lia 30 Remark.

32 Cooking vessel

20 Genus of trees. 22 Urge on (Scot.). 23 Principal Hindu gare ments (var.). 25 Small (Fr.). 27 Doctors (abbr.). 28 Interpret. 29 Seuth Carolina (abbr.). 31 Thus. 33 About. 34 On the top. 36 Over all (abbr.). 38 Masts anew.

40 Colonist. 45 Type measures. 46 Symbol for selenium. 47 He is first President of wns ern 10 serve three terms (abbr.). 48 Weight deduction. 49 Mimic. 50 Ronald (abbr.). 52 Native (abbr.) 53 Type of cotton

34 Area measure, 56 Alder tree. 35 Dance step. 57 Lariat. 37 Siamese coin, 59 State of being 39 Harem. intensified. 40 Sunnite. VERTICAL 41 Electrical unit

42 Hawaiian 1 Prima donne. island. 2 Genus of 43 Muse of poetry shrubs, 44 Tan again. 3 Kind of beer. 49 Mohammed's 4 Loved. son-in-law. 5 Biblical name. 51 Variety of ide. 6 Rodent. 54 Whirlwind. 7 English money 55 Tin (symbol), of account. 57 Sun god. : 8 October 58 And (Latin),

fabric (pl.).

‘SAXOPHONE

25 Instruction Jor

Lesson

INDIANA MUSIC CoO.

115 E. Ohio St. — LI-4088

You Save Because We Save Men’s Suits & Overcoats

S167 *18” *21™ 24" CASE CLOTHES

215 N, Senate = — Open 9 to 9

———————

Naturally you can buy Home Furnishings cheaper HERE ause our overs head is less. Bedroom, Living Room, Dining Room and Dinette Furniture and Rugs, etc.

BATES STUDIO

2310 North Meridian

All No. 2 poult , 3 cents less. t receipts 54 Ibs. and’ up.

rad 1a 39¢c; grade] Te; Bd) Tal a25¢; no

ade, 25c¢. hl I fn, by ® C; bul a . ’ (Prices

Graded A, medium,

; No. 2, 43c. on uce delivered st Indian. apolis quoted by Wadley Co.)

HANGERS—I¢ EACH

We buy usable wire garment hang at 100 per bundle of 10. 48 Stores All Over Indpl

IEEE: [il RE-WEAVING

of MOTH HOLES-—-BURNT or WORN BPOTS LEON TAILORING CO 235 Mass Ave, '3 ‘he Middle of

SHOP Sensational AND

Car, Home and Outdoors.

Values! SAVE

Merchandise {or

GUARANTEED

(az Psaltis

ha IT TTY VE LOW PRICES

= 43 S.

14 EYES EXAMINED—GLASSES FITTED

Dr. David TaVel (Reg. Optometrist)

x / on TAD iy M4 WEST MARKET SI

5-STORES-IN-1