Indianapolis Times, Indianapolis, Marion County, 16 January 1943 — Page 4

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= MAKE ADVANCE 357. Fr g5

foats f ADVANGE AGAIN”

Corn Prices os Close Steady; Mexican Purchase Aids Market Rise.

CHICAGO, Jan. 16 (U. P)—Grain futures strengthened on the Board of Trade today, with oats establish-

ing a new seasonal high. Corn eased late in the session to close within 1; cent a bushel above and below the previous close. Wheat finished the day up % to % cent a bushel, corn up to off %, oats up % to 3%, rye up to %, and soybeans inactive. Bullish sentiment in wheat followed reports that Mexico had bought 3,000,000 bushels of American hard winter wheat in the last few days. Another strengthening factor vesulted from reports that the government had purchased about 1,600,000, barrels of flour for lend-lease and military purposes in the last two weeks, and that this demand would continue.

CASH Wheat No sa sales, Corn—No. Fellow, 982c@$1.01%; No. 2 Wo 008, 01%: No. 3 yellow, 86@98c; sas 4 yellow, 92% @96%¢; No SY ow,

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Pay-As-You-Go Proposal. Slows Income Tax Collections ‘Here

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: THIS TALK ABOUT PAY-AS-YOU-GO TAXES is s hurt: Will Smith's business. As the man who is responsible collecting federal income taxes for this state, Mr. Smith i been expecting rush business. Well, he and his office ve been busy but not busy enough, considering all the taxes it have to be collected before the Ides of March. * This attitude of many taxpayers is the reason why the ise ways and means committee came out today telling 8 public that 1942 returns must be filed by March 15, rardless of what happens about pay-as-you-go. In addition filing by then, the first quarter payment must be paid then.

It seems to me that those who expecting a break from pay-as-3-go are overlooking the fact President Roosevelt's budget| mon stock. calls for 16 billion William K. Vanderbilt, whose dollars more in! ancestors built the New York taxes next year. Central railroad, bought 10,000 If even the taxes shares of that firm’s stock. Yeswe are to pay this terday the N. Y. C. reported it year on last year's, would earn over $7 a share this income are “for-| year, best for some time. given” (something, ® = = that seems. un-| HOOSIER WALNUT producers likely at the mo- are in the enviable position of bement) th i8 ing able tg supply both war needs still the wallofing and civilian wants. Walnut is going big tax bill be into gunstocks, “plastic wood” airpaid on March 15, |planes, torpedo boats, etc. Even so, 1944, on the in- walnut dealers here say they are » we are now getting. Many still supplying fancy figured veneers i who know the ins and outs of|for furniture sand other civilian | faxation economics say that the big uses. © part of that 16 billion will have to x x =x ne from the pockets of those . ODDS AND ENDS: J. P. Morgan ‘earning $5000 a year or less. |& Co.’s annual meeting Tuesday In addition to that rather rough will be its first one open to outsidOutlook is that most people Who 80 ers; bank now has about 600 stock-|1. to the third floor in the post- holders, was originally owned ex-| ‘office building to pay their taxes clusively by partners. .~ . Oil comfind themselves in the same spot: panies say those prewar credit cards as the gentleman who was the first cost them a cent a gallon (bookfo pay his taxes on Jan. 2 this keeping, etc), are glad they are out year. He had to go back home for now. ... Government transportation ‘more money. Internal revenue offi- men would like to take over the big elals say a good many people have fleet of raflroad cars the Ringling ‘underestimated how much they owe | circus owns; they would be convertthe government in taxes. ed as commuter cars for war workIncidentally, sometime next week ers. . . . Want a million-dollar steel The Times will start running o/mill? The one at Homestead, Pa., ss of short, easily understood bought by but not delivered to the articles about income taxes on this/Japs because of Pearl Harbor, is ‘page. For those who have never still there, despite Russian pleas pase before and for those whose for it. s will be so much higher than ta ET. Tr re §n°former years (that ought to in- GOVERNMENT BONDS elude everybody) the articles will be U. S. GOVERNMENT BONDS big help. Treasury Bonds ® 2 8

SEC’'S REPORT of trading by “insiders” in November shows that Carl F. Walk of Indianapolis, director of Continental Steel Corp. “of Kokomo, bought 100 shares of that company’s common stock and " that W. R. Richardson, Indian-

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Oats— him y 81%c; No. 1 white, 62%ac; No. % a oe3ggez ue. Barley—Malting, 85c@sl. 05, nominal; hard, ik nominal; feed, 70@80c, nominal: No. 4 blichted, Bhe: Ne: 1 malting, 95¢. | Am-Visec Cash a visions—Il.ard store, $13.80, Am W W bid; Boone. $12.80, bid; oy $12.40, bid, and | Am Wool bellies, $15.25, bid. Am W

LOCAL GRAIN

CASH Wheat—Strong; receipts, 6 cars; red, $1.47%:@1 48%; No. 2 red, 123 361s @1 31: Sg $1. Py Sand No. i , $1 Corn—Steady: receipts. 3 3 cars; No. 2{Atchison . new yellow, 1% 1@94%¢c; N 3 new yel-| Atchison pf .. low, 90Y:@92% white ly 17c over | Atl i yellow: mixed “orn, 1a und Atl

Oa ipts, white, BTv @08 Yc: No. 2 red, 57@58c. Soybeans, $1. 65%; reecipts, 9 cars.

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Slaughter Pigs

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CATTLE (150) Slaughter Cattle & Calves

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1100-1300 pound 1300-1500 pound Good— 700- 900 | 900-1100 1100-1300 1300-1500

Medium 700-1100 pounds ...... cesses 3194, 2000 pounds .

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WAGON WHEAT

Up Io) hie close of the Chicago market today, dianapolia lis flour mills and grain a paid $1.43 per bushel for No. 2 red wheat (other fades on tole merits). No. 2 white oats, 3e, and No. 2 red oats, 53¢c; No. 8 yellow corn, she” per bushel and No. 3 white corn, 88c.

LOCAL PRODUCE

Heavy breed hens, 3% lbs. and over, 23¢; 3 bs. and under, 20c; Leghorn

hens, 3% 1 hens, 20c. Springers, 1% 1bs. and over: colored, 32: Barred a), White Rock, 23¢; springers, «lc. ters, 4 Ibs. and over: colored, 366; Barred and White Rock, 27c. Stags: Leghorns. 20c; heavy breed, 3le. Capons, 7 bs. and over, 3c; under 7 \bs.. 29c; slips, 27c. Cocks, 15¢ All No. © poultry, 3 cents less. Eggs—Curreri receipts 56 Ibs. and up,

0. Graded Eggs—Grade A, large, 39¢: grade A, medium. 87c; grade A. small, 25¢; no grade, 25¢e ButtesmnNo. 1, 41043%¢; No. 3, ¢6@ 46%c: butterfat, No. 1, 46¢c; No. 3, 43c. (Prices or produce delivered at Indian. apolis quoted by Wadley Co.’

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BEEEEESEES

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Net High Low Close Change 4s 1954-44 ... 105.29 105.29 105.29 — & 2%as 1953-49 ..106 106 106 MF 2's 1968-63 ..100.19 100.19 100.19 -— .2

FOREIGN EXCHANGE

NEW YORK, Jan. 16 (U. P.).—Following are noon cable rates on major currencies: England (pound), $4.03%; Canada (dollar), TRY Cuba (peso), $1,00; Mexico (peso),

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CALVES (25)

Yerkes (all weights) Good and choi Common ane medium Cull (8 up) onol

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Jan. 16, 1943

WHATS CEBKIN7

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Continued from Preceding Page HE

11% 14

What's Cookin’ in Sports—

BASEBALL NEWS occupies the spotlight this week-end. . . . It now looks like about half the major league teams may do their spring training in Indiana, now that Florida ia out. « vo Five major league and two American Association baseball teams have selected Hoosier sites. . . . Our Indians and the Cincinnati Reds will share the I. U. Jordan field and fieldhouse. . . . Detroit Tigers Evansville, the Chicago Cubs and ‘White Sox, both to French Lick Springs, Pittsburgh Pirates to Ball State, the nneapolis Millers to Terre Haute. . . . The tentative list includes: St. Louis Browns, at Purdue; Cleveland Indians, at Victory field re; Kansas City, at Martinsville, and edo, at Earlham. .. . Won't we have fun! ‘Good old Purdue and I. U. started their HBS Stagali In 4 hig way. « « « Purdue cago 59 to 22. ... I. U. polished off p. St fate twice in three days. . + » Tonight

rdue tangles with Minnesota, I. U. meets

np and Notre Dame goes to Northwest- . An inspired Manchester snapped Central's 3C-game winning streak. , Central of Muncie toppled Marion out ‘top place in the state high school Big Ten. « That left Rochester ahead. . . . The high school net ,tourney starts

go to.

Runs Army Ruilroad—

AN INDIANAPOLIS railroader, Capt. Homer J. Sandusky, is running a railroad at one of the U. S. army's biggest supply depots in England. . . . Capt. J. Ray Martz (Butler grad) has Ves promoted to major out at Ft. Lewis, Wash. . . Among the local fellows receiving air medals over in North Africa are Sergt. Carl E. Jennings (1472 Arrow ave), a tail gunner credited with shooting down an enemy craft; Lieut. John D. Nicks and Sergt. Robert K. Rusie.’ . . Congratulations, men. . . . Mr. ‘and Mrs. John B. Sauter, 2254 Union st. have received the posthumous award of a medal for ‘the valor of their son, Pvt. John Sauter Jr., who died a hero's death in Hawaii last June trying to save the occupants of a wrecked plane. . . . Among the graduates from West Point next week will be William E. Waters (1329 Edgemont). . . . Wearing bright and shiny second ‘Wentenants ‘bars at Ft. Benning, Ga., are Ray R. Moore, 129 E. Ohio; Guy F. Boyd Jr., 3341 N. Meridian, and Jacob. W. Thornberry, 636 Union st.

* % %

In the Mail Bag— AND NOW for the mail bag. . . . First, the Man's Store sends birthday greetings to Corp. John A. Willey, out at Ft. Ord, Cal. . A little birdie tells us he'll be 22 on Wednesday: .". . Hope he gets this in time. . Pfc. George Wood (834 College) has returned to Camp Carrabelle, Fla., after

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Col Broadcast A 17% .

Col Broadcast B 1834 Colum Gas 2% Col Gas s pt A 443% Cat Gas 5 pf.. 41% m Credit 26%

Som. Inv a «30 Com Solvents. 10% Comwlth & 4 7-16 Com & 8 39% Comwlth Edison Hs Gons Cig Bi gms SEL Sona Edison » 81% ns Film 9-16

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WARD IS PROMOTED (= 5 Simba BY PENNSYLVANIA| THIS CURIOUS WORLD

Berkely Ward Jr., superintendent

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For gdh with the ht $13.78 bu oe Large $lilers > ne local market | C red cautiously, against beef ceiling limrder ers bought| Ind As: ar A Ea BE 38 a was declined 50¢c Rnd Indpls Water eo 10s 8 & kinds Bulls Jeacned 14.40 on heavy sausage offering 95¢c. Vealers continued

500. Por the week: Fat|N In

i. top touched S18. 1% Pu ‘January .| Pub Tel 48s

years sold up to $16.65, with at $15 to $15.80. Tr: to $8.75.

Nominal dotationa Tusnished by unit of National Asscciation of Securities Deale Bid Asked Agents “Pin Sop com 5 ts Fin Corp pfd Belt RR Stk Yds com” Belt RR Stk Yds 6% pid.. Bobbs-Merrill com

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Home Tet We Wi 7 td. 50 ayne En %» sai Ind & Mich gv pid ... Ind Syn 1%. Ind Gen Sery 8% eo pid . Indpls 8, & 1 s% pla Indpls Riways, I Mh mbt Smarts. <2

Lincoln Loan Co 5% pfd 5 Lula Nat Life Ins com. d Pub Serv Sh% % pid..

Progress La Pub Serv of I Toa 8% fo pid Pub Serv of By

Van Camp Milk co! Algers Wins'w W RR 4%%... 99 American Loan 8s S§1 94 American Loan 5s 46 Cent Newspaper has aol

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local ~

Be sees ws Frese we me Fw SsEsd

of the Indianapolis division of the ¥ Pennsylvania railroad, has been ap-|’ ‘| pointed asssistant to the genera] superiniendent of the northwestérn division with liesdiquarters in Chi-

day at the national guard armory. . roams lost to Buffalo and beat the - ‘Lions this week. . . . They : ained in second place in: the American

1rptiRl rE:

visiting ‘his mother, Mrs. Cora Norman. . . . And we hear Miss Virginia

‘ANCE THAT FOLLOWED THE BLITZ BOMBINGS OF

Fol

vy league. %* % 7%

. week and charged a deck of playing as admission. . . . The union’ station will distribute the decks of cards

williams and Staff Sérgt. Roy W. Miller of Camp Crowder, : i Mo., (kis home is at 1536 Brookside) were married Jan. 9. . .* Congratulations, Staff Sergt. Miller. . ..Pyt. C. F. (Bud) Schiensker, secretary of the local ball club, writes from Gulfport Field, Miss, that he thinks “What's Cookin’? is swell—“such a fine, homey summary of the mews.” . . . Glad you like it, Pvt. Schlensker. . . . Pvt. Robert

Woempner (J. D. Adams Co) writes from

the army air base in Desert Center, Cal, (sounds desolate, doesn’t it?) that he passes his “What's Cookin’ ” around to some other Indianapolis boys “and they are sure glad to hear about things in general at home— especially sports.” . From somewhere in Africa, 1st Lieut. ‘Harold’ L. Lawler’ writes

: he has just received his first copy (Nov. 28

issue) of: this letter and hopes he continues to get it as it helps him and the other boys to “forgét the extreme heat, flies, burning

aands, ho. of Aton: : Well, fellows,

that’s all for this time. . . . Be seeing you all next week with: more of "What's Gauls”

nepliew of Al Schlensker,

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superintendent of freight transportation in the western region, with headquarters at Chicago, succeeds

today.

U. S. STATEMENT

(U. P.).—Gov-

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CITIES WAS THE #/WASION O° FLAES AROUND ALL