Indianapolis Times, Indianapolis, Marion County, 23 January 1943 — Page 4
EE _—m
a EE
RE 3
“chemical developments.
ISINES!
Chemical
* About New Products Being Seveiped
DREAMING OF A POST-WAR WORLD is one of y Wallace's favorite past-times but the chemical engi-
aren't far behind him, They are saying without hesitation that some
olitics. rtling developments have
although they don’t mix in
been made in war research
t will benefit peace-time living. For instance, in foodstuffs wheat flours are being fortified with soybean and peanut proteins which were fed to
livestock, an inefficient way for humans to get edible pro-| Magnesium has already been developed in alloys of
-inflammable character which can be used to make furnion Synthetic resins will permit manufacture of “bent wood” furniture like the Swedes design.
In eeronautics, helicopters and Autogyros are full of possibilities. Powder metallurgy may give us Ssifoping earings, cutting tools containing tungsten. and similar carbides and gears made straight from metal powder, requiring little fin ishing. Everyone is getting into plastics research, it seems. Pittsburgh Plate Glass has a very hard plastic, almost like glass;
"Union Carbide & Carbon has a Le (vinylite) used as an in“sulation material for electric cables
for products ranging from phono-
‘graph records to combs. Another
‘shemical development is National ‘Dairy’s and the Borden Co.'s use of
_easein wool, which you might say
#8 making felt hats, blankets and “glothing of milk. Add to all these the rayon, nylon, synthetic rubber, plastic plywood and paint oil substitutes that are
: well-publicized and you understand
why the chemists insist that we
- "haven't seen anything yet.”
NOTE: These are only a few A. W. Her's speech in New York last night (in today’s paper) gives some more ideas on what is going on in ‘other fields. It's worth reading.
IT WAS A GOOD week in the markets... Stocks rose to the
i ‘highest in 14 months; bonds were
‘the best since 1938; commodities
touched the highest in nearly 17 years. Brokers aren't so sure now that the public is coming back into the stock market as it did in the Twenties. They had figured that fat pay-checkS, stymied by rationing and civilian goods shortages, would overflow into the stock market. But the new tax proposals bid fair to drain off much of that excess cash. # ” o
ODDS AND ENDS: War has halted 20 anti-trust suits Thurman Arnold had ready, . . . The govern~ ment has taken over a big San Francisco laundry (had 15,000 civiljan custorhers) to wash exclusively for armed services. . . . The British are protesting the prohibition against using aircraft U. 8. is lendleasing them for post-war commerce. . . . Some are saying the civilian econoniy has been cut too much, that a separate agency is needed to boss civilian supply. . . . Railroad passenger traffic last year was 80 per cent over 1941 equal to hauling every man, woman and child in the U. Firestone has received the first butadiene made of grain alcohol to process into synthetic rubber; one bushel of grain will make five gallons of alcohol, which will make 11 pounds of butadiene, which, with other chemicals, will make 13 pounds of synthetic rubber.
FOREIGN EXCHANGE
YORK, Jan, 23 (U. P.).—Following are noon cable rates on major currencies: Cabl le ae Net Change England (Boia) .
Bnglans (dollar) ... 4 "5-10 —.00 3- 16 Cuba (peso)
Mexico (peso) .2070
et ———————————————— ‘VU. §,- GOVERNMENT BONDS (Decimals Represent 32ds) Treasury Bonds
Net Close Chge.
High Low 2s 1955-53 ...103.16 103.16 103.16 +.
27s 1960-55* ..109.13 100.13 109.13
*0dd lot
S. 407 miles. . . i
utter--No, 2! 46%c: Outterfat, No. 1, 46c;
Prices From Going Over Parity. : CHICAGO, Jan. 23 (U. P)—
1 Wheat futures fluctuated nervously |
on the Board of Trade today following a somewhat unexpected government announcement thatthe CCC would sell its wheat holdings to prevent open market prices rising above parity levels. Prices eased about 3% cent a bushel in the wheat pit within a few minutes after the announcement, before settling at around $139% per bushel for May and July, and $1.40 for September. The recession was checked when
WHEAT STOCKS
Engineers Are Enthusiastic . Move Taken to Prevent|
=
IEEE
oe
L &
HE
traders decided that the new ruling a
would not release wheat at prices | A much below parity. Mill-buying in|4
small volume and some buying on 4
resting orders followed the decline.
5 RANGE Yu re.
WY, Xo a Xo July.. 189% 140 . 1. 39% i Ne Sept.. 1.40% 1.40% 139%
Corn— May.. -.98% 98% 98 July. . 28% 99% Sept.. 99% 99% 99 PECs wane Lasers all
Oats— May.. 59% ~ 50% .50 58%
July.. .B8 Sept.. .58 58%
1.40% 08%
99 128 59%b S730 58 Rye~— May.. .80%
July.. .83% Sept... .85
81% .80%b
83% 83 83% 85% 85 85% 85%
Soybeans— May. 1.83% 1. 3% x: 4s 3 39% al 83'2b uly .~ 8438 185%
~ 13.80b 13.80b
JEN. aiane sees 8 Asked. b Bid. n Nominal.
LOCAL GRAIN Wheat—Steady; A 10 cars; 1 Jed. [email protected]; No. 2 60) an;
Corn—Easy; Sipe 32 cars; No. 2 new yellow, 9212@9414c: No. 3 new yellow, 90@ 92¢s» white corn. 17c over yellow; mixed corn, 1@2 2c under yellow. Oats—Steady; receipts no cars; white, 57@58¢c; No. 2 red 56'2@57! Vac. Soybeans, $1.65%.
LOCAL PRODUCE
Heavy breed hens, 3% lbs. and over, 23¢; hens, 3% Ibs. and under, 20¢c; Leghorn
hens, 20c. Springers, 1% 1bs. and grer; colored, 3 2c; Cc)
Barrel and White Rock, springers, lo. Roasters, 4 lbs. ane over: colored, 26c; Barred and White Rock, Stags: Leghorns, 20¢; heavy “breed, 31c. Capons, 7 bs. and over, 32c; under 7 ibs., 29¢c; slips, 27¢. Cocks, 15e. All No. 2 poultry, 3 cents less. 3 Eggs—Currert receipts 54 lbs. and up,
Graded Eggs—Grade A, large, 37c; grade A, medium, 35¢c; grade A, 1800 50: no
grade, ie 1, 48@48%c; No. 2, oe 43c. (Prices or produce delivered at Indian. apolis quoted by Wadley Co.!
No. 2
Ee
. Page 2
WHATS CEBKIN/
Jan. 23, 1943 3
Continued from Preceding Page
Ouch—My Thumb!—
THERE'S QUITE an epidemic of bandaged thumbs and fingers around here since the . OPA made the bakeries quit selling sliced bread. . . . Folks that never sliced a loaf
before
lives having to learn or eat their bread in hunks. Our
motorists’ is over. « « . The cops got a new supply of parking stickers having the fun is
ckers. . . . Wendell Willkie
11 to speak before the Indian-
b. Vomen's Republican club. ww % Names Make News—
GEORGE L. DENNY, attorney, is the new Indianapolis police and firemen’s merit board. . . . Mayor Tyndall
chairman of the
The Governor's Gavel—
A WORKER out at the naval ordnance plant fell and broke his leg—his wooden one—he found he couldn't get a new one because of metal priorities, . . . To keep him on the job, machinists at the plant got busy and made him a new one. . .'. Anything to keep the wheels rolling. . . . Governor Schricker. has a brand new gavel. . « . It's made from woodwork of the old battleship U. S. S. Oregon, which is being salvaged by the navy for war materials. . . . The home folks salvaged 156 tons of tin cans this month
WHEN
in their are
fun
~12 carloads. . . yet. v4 The orchestra’s friends to raise $35,000 orchestra. . . . the symphony
and rid of coming
Int THE M
has named Attorney Harry BE. Yockey to
represent him in civilian defense
matters.
. He also has named Arthur B. Henry ‘acting city engineer . . . and Ray M. Howard
8s city building commissioner. . . d of Stokely Brothers &
. T. J. Co. has
ed president of the Personnel « « « The American Academy of
Mumford its president-elect. . . .
. . Tt has the backing of city council. , ae
; due bill would Boost the legislators f from $10 to $15 a
) wage and hour law, and another BR a pension system for non-teaching employees. . . The senate committee ; a bill to dissolve the I. H. 8. A. A.
_ ‘Othniel Hitch is the new president of the Indianapolis Masonic Temple Association.
across the Lybian
McKay (Edgewood), Is in the sume squadron but a different group. . . . The two groups leapfrog each other and the sergeant and corporal seldom see one another. . . . So they devised the scheme of using the corporal’s plane as a “carrier pigeon.” . . . Now when the planes come up from the last field, serviced and equipped by Sergt. McKay's group, Corp. Zimmer rushes to his
PssY. Biz gui
plane and goes
compartment. . . . And there he finds his
“What's Cookin.’”
of it, too. . . . We've just heard about a couple of our readers over in India. . , . Larry Mooney (1729 E. . His stripe is brand new. _ The other is Pvt. Daniel E. Hanley
One is Corp.
(635 Coffey). ii
copy around to the other Indianapolis boys in his tent “and then everybody is happy.” . Pvt. Wayman Smith (1038 W. New York) celebrated his birthday this week, at - Camp. Crowder,: Mo, a receive his “What's Cookin’ recently and wrote home to ask his sister, Mrs, Cloris. Bell, “What in the world happened to it?" Jv. Well, so long fellows. . . xt week with more news from home.
or current expenses of the Nar conditions have curtailed earning power.
3a 3
Mail Bag—
STORE got quite a thrill . | in reading a letter from Corp. Joseph P. | Zimmer (628 N. Rural) about how he gets “What's Cookin’'” delivered by special “air
mail” while chasing “Herman tke German™
. Best collection record Indianapolis Symphony are putting on a drive
desert. . . . Sergt. Bob
directly to the radio
. Reads every word
. He says he passes his
He failed to
. See you
| | | | |B | || | |5 8 1 |S ! | ; | l 1 1 I 1 1
i oh Bel
red, Nous 1 hard, $1. 37@1. 38; No. 2 nad $1. 36@ Ch
Aust Nich pr A. Aviation Corp..
Bald Loco ot. . «24
Tem ....
Byers A M ...
gan agit ine
Saterpitiar gi Celan Celanese 5 prpt Cent Aguirre ... Cont I ge 5 00g 51a
Cor & x prot 37% he. +. 36% 33%
Cli Cluett ePab ... 35% Coca-Cola '. Colrate-D.P Col & Aik 1 Col Broadest A 16% Col Broadcst B 16%
horn | Colum Gas .
2% Col Gas 6 pt A 47% Col Gas 5 pf . 44% Col Carbon ... 82 Com Credit ... Com Inv Tr ... Com Solvents . Cony & So
Cons Aircraft . 173% Cons Ge 11% Cons oo. 90Y3 Cons Cig pr pf. 94 Coppermin 5% « 16%
P Conssmrs Pw pf 93% Coitaie} 18 Cont B ey Cont Bak pt. 00% Cont-Dia F .... 1% Cont Ins ...... 41% Cont Mot .. 45% Cont Oil Del .. ma Con! teel Copweld Steel . ! dow Corn Ex Bnk.,
Crosley Corp . Crown Cork .. Crown Zeller .. Crucible 8 sen + 33% Cuba RR 10%
dahy Cuneo Press pf. 102 Curtis 2 Curt Pub. hE of. 18% Curtigs-Wr .... T% Curtiss-Wr A . 0%
Davega Stes « 4% Davison Chem. 1434 Decca Rec Inc. u
ist “es ie ly A. Doehler D Cast. 80
Du_Pont pi Duques L pf...118%
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Week age eesesasasesn nes 4 Month ago ceravsrasasesenn X Year age ain. sctinessiusa
ly
Jute age ceevanareansaanats : Month ago sesesssansentnann Year ago is To Toth High 1948, 29.08; low 1043, High M3, B28 low 1042,
Teday ‘rivessunssretonnegans
18. : Yesterday censresnsvssessans ;
Week ago sesssasEensassensae Month Ago , Year Age . sansvinaanasnancan 14.08 High 1943, 15.77; low 1948, 14.00. High 1042, 14.94; low 4 low 142, 10.58.
19 MOST ACTIVE STOCKS Sales Net
Sssessssansasanae
U § Rubber. 61 Col Gas ..:.«v § Packard 51 ii Hudson Mtrs. 48 51g 8% Radio Corp.. 371 6 5% Stand Brands 37 5% © Gen Eleo .... 32 37 3% Armour Il ... 30 3% 3% N Amer Co... 30 10% 10% ; NY Cent..... 290 12 11% 12 Interlake Iron 20 7 6% 7 Socony Vac .. 28 10% 10% 10% ... Celanese Corp 27 28% 21% 28% Cont Baking.. 26 4% 4% 4% Kennecott ... 26 30 203% 30 Warner Bros. 26 MW" TU Th Asso Dry Gds 26, 1% 7% 1% Stone & Web, 26 613 6% 6% Seaboard Air. 26 %% 11.33 %
Stock sales were 321,780 shares compared with 504,780 a week ago. Curb stock sales were 76,785 shares against 116,030 last Saturday.
ia 26% 2%
3%
1M +
CERRY Coaanw
Net Close Change + 1%
-High = Low Inland Stl 68 Inspiration “oop 10% Interchem cox 33%a Interchem pt. 108 Interlake Ir .. Harvester, 5 Harv pf...164 Hyd Bl A... % M Marine. « 10% M&Ch . 14 2 t Mining ... Nickel ... Pa
Paper oo t RC Am bt 44
Int T&T Island Cr Coal. 28%
- =
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fens reid
+++ H+ LORRRRROn
Jarvis Co .eees Jewel Tea .... Johns-Man .... Jones & Lgh
. - . *
| ++ Fala
Balamatoo S&F n C Sou
Kaufmann pf . ‘Kayser Jul ... 1 Ke sey Haves A 104
{ A save ae Keystone stl .. 13% § Kinn
Laclede G .. Laélede G pf ambert Le Le Le Le Lerner Strs .... L-O-F Glass ... Libby McN & L 5% Ligg & My pt 176% Lima Loc 26%
Db |
acy RH adison Sq G. anati Sud a an Shirt ... arine Mid -
vl Le FE: +
saline rR
Myers & Br .. 37
Nash-Kelv ... Nat Acme ve Nat Auto Fibrs Nat - Biscuit ... Nat Bis pf . + Nat Cash Reg « 20% Nat Cyl Gas .. 10% Nat Dairy .... 1
Nat 3% . | 281d 8%
. .
Dep ™ Nat Distillers Gypsum Nat Gvsum pt. 79% Nat Lead ..... 15% 18% 153;
| t+: +: +1: ++ | RS Ta ve FERRER SRA FE rE wR <<
LHL
+1
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- .
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Owens Tl Glass 56%
FUNNY E BUSINESS
IT; Ex
Un10te) High Low Close Change|
Sesser & £ Bs wm »
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ge aos ;; BReE: = AER Ea
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8; e523
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ob 124 Ren To oii , oi 8 Ruberoid ..... 21%
Schenley Dist.. 21% § chenly Dis Dist 5 97%
Lik Sears Roshuck. Servel eee 10% Sharon a veaa 99% Sharon = . B9 ,
9 Shel’ on on... 17% Silver King .. mm
Std Oil N J.. Starrett L 8 Sterl Drug ... 61 Stew-War Stokely Br . Web...
Studebaker Sunahin
Super! rhtr Super:
Trans & Fvee tA 16% s 3 i-Cont
Tr oF Tri-Cont pf. vo 18% 20th Cent-Fox. 13% Twin Oy R. T.. 5% Twin OR T pl 68%
Vadsco Sales» a x Va-Caro Ch .
irginian Ry ., : 84
Wikr Hir-G&W WHEE Taw 1h
Warner Bros .. Warner Br sho. 13 Yaugesha 13%
[Yale & T ..... 24 » Yellow Tr "
Zenith Rad ... nk Zonite
Csavenanse
——_—~ Wabash "eee ws pf 27%
a :
St Tos Lea s M a 100 1S 4114
97% £1073 107% 1% 1%
“9-1 3
24% Ta
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22 40% 5% T%
LS 12%
2% Nu 8:
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- 1500 Porkers Arrive At Stockyards.
Hog prices in early sales at the Indianapolis stockyards today were 15 cents higher than yesterday's lowest prices with a top at $1530 for good to choice 160 to 200-pound-ers. The advance was later’ con-|in fined to 160 to 250-pound weights. The agricultural marketing administration estimated receipts at 250 cattle, 25 calves, 1500 hogs and 25 sheep.
HOGS (1500)
are 13. 5@ 14. 5 @18.
220 pounds sessasananaen [email protected] Pounds ...ceceecnens Bl @1 240- 270 pounds .....useansss 18 - 300 pounds ...... . Joo 330 pounds ... 330- 360 pounds
Med:um-—-160-
Good to choice 270- 300 pounds 300- 130 330- 160
360- 400 |
. stsesttcnn ens 14.
Good--400- 450 POUNAS ....eseece.es [email protected] 450- 500 pounds ...ccecee.e.. [email protected]
Medium 250- Hoo pounds oe [email protected] Slaughter Pigs Medium to Good— 90- 120 pounds .............
CATTLE (250)
Slaughter Cattle & Calves Steers
700+ 900 pounds ......ss.oev. [email protected] 900-1100 NAS ..cecosnrannse 135061425 + 11100-1300 pounds arenas anatane 15.50@16 100-15on pounds . [email protected]
Coo "900 pounds it [email protected] 4| 900-1100 pounds . [email protected] | 1100-1300 pounds . i Be 1350 1300-1500 POUNAS ....seeniesss [email protected]
0 [email protected] [email protected]
13.35@ 14.10
reassess tanse
Mediu 700-1100 pounds ..sqssescenss Ji00.13%0 pounds ieee
Go0-1100 pounds [email protected] Heifers » Choice--
600- 800 pounds .....ssscenes 800-1000 pounds ...eesscsesne
600- “800 pounds 800-1000 pounds Media 500- 900 pounds
[email protected] [email protected]
[email protected] [email protected]
essentaccsncs
sessasttettsn
500- 900 pounds ...cevieeennn
) cod [email protected]. Medium: «a... irucanrsrane vee [email protected] Cutter and common [email protected] CARAMEL ai.iscitiacsvanssanas «+ 1.25@ 9.00 Bulls (all weights) (Yearlings Excluded) .
"Gad" Sal weights) ec.ionees 3 [email protected] Med [email protected] 1 [email protected]
Beef Good
Bessa sstiacsntrantng
Moai and common CALVES (25)
Vealers (all weight®) Good and choice . a{ Common and medium Gull ms 1bs. up) Feeder & Stocker Cattle & Calves
Steers
. aan sesasnese
Chol 500- Ny pounds 800-1050 pounds
500- 800 pounds lei pounds
vesssssasss. [email protected] [email protected]
sssencsaene 13.
saasnetecans 11.50 12.50
ereeeesess 113501225 “sou-ioe. pounds vesessasases 10.35011.50
$500- 900- pounds ... [email protected] Calves
asennad Good and Choice—
(steers) 500 pounds dOWR ........... [email protected] Medi :
UM §00 pounds down ..... Stans . [email protected] . Calves (heifers) Good and Choice— VR pounds down .. «ses [email protected] 500 pounds down [email protected]
SHEEP AND LAMBS (25)
Bwea ( Good and choice .
and. cholde crssassnases
1.000 8.00 0lCe ....eseeee 5.50@ 7.30
B Sia15. 5 5.25 a 2
. Lam Good and choice .....ceecee.n Msdium nd Common ...
15.76 15.25
. 15.25 . 14.00
Yearling Good and choice «c.cc.v.ov.ve 13.00014.00 Medium ...csrscasanasanassess [email protected]
U. S. STATEMENT
al Tr pared with a year ago: A Bxpenses $ 39, 508.008.534 $15.300 043. .de1
Spend. . 38,200,823 Receipts "840.041 4,567,896,713 Net ticlt .
a, "283,004,536 8,649,879,897 Cash Balance 17,977,007 873 3 013,025,413 Working Sal 14 7,214,532,878 2,254,113,839 Public «114 ,088,909,361 65,875, 630,712 Gold Reserve 22,703,016,939 23,750,451,615 . INDIANAPOLIS CLEARING HOUSE Today
nesnessse.$ 4,861,000 saceess 18,081,000
This Week “rir enssne ese SHI0HU00
eatanys 91,069,000
Debits... “ns
Wet egattsanctantaat ante
hie » WAGON WHEAT Up to 1 the close of the Chicago market Indianapolis flour mills and elevatars paid $1.45 per bushel for No. 2 red wheat (other des on their merits). , and No. 2 red oats, 83¢; 3 ye corn, 88c per bushel, and No. 3 white corn, 98c. .
THIS CURIOUS WORLD
cory aks mY Nex stv.
Fe new U.S. NICKEL. CONTAINS MO AVCAEL.
15 CENTS ERE
Hh " Top Returns to $15.30 as'
Your:
Income Tax 5
Income from whatever source, un= less specifically exempt by statute, must be reported in the income tax return. In addition to salaries, Wages, fees and commissions which must be reported, all bonuses, tips, prizes and awards and other forms of compensation must be included. 1f a person is paid in whole or in part for his services in anything other than money, the fair market value of whatever was received must be reported as income. This applies to rental value of quarters furnished an employee as part of his compensation (with the exception of rental value of parsonages furnished to ministers of the gospel, board and o| lodging furnished to an employee as part of his compensation unless provided primarily for the employer's
30! convenience.
Income must be reported whether received in hand or not, if there is a “constructive receipt”; that is, if it has been credited to the account of, or set apart for, a taxpayer without any substantial limi tation or restriction, and which may be drawn upon him at any time. This applies to interest credited to a savings account, and subject to withdrawal during the year, to dividend checks received during the year, whether cashed or not, to interest coupons received during the year whether cashed or not, and the like. : Interest accumulated, or accrued, during the year on war savings bonds may be treated by a taxpayer
80! reporting his income on the cash:
basis either as income during the year, or the accrual may be deferred to the maturity of the bonds and reported as income then, However, a taxpayer on the cash basis who elects to report such income as it accrues must adhere to that method in all subsequent returns. Alimony and separate mainte= nance payments periodically received by a wife subsequent to decree of a divorce or of separate maintenance must be reported as income,
In the case of noncommissioned military and navy personnel, com= pensation for military or naval service, to the extent of $250 for a single person and $300 in the case of a married person or head of a family, received during the year, may be excluded in reporting ine come. Also the amounts contributed by the government to the service man's monthly family allowance are in the nature of gifts by the government and need not be included as income,
LOCAL ISSUES
Nominal quotations furnished b unit of Nath onal Association of Seturaim Ded) epe. w Bid Asked nts Fin Corp com ....... arog Agents’ Fin Gory pid’ .. or ood Bel RR he Sor 2 e| ds 6 ay wen Bobbs-Mernill com % bi i = er 4% essen Circle Theater ee PR ana de Souiwith Loan a pfd «.ies.
1 Ft Wayne 7 d. 50% Ind Asso Tel 3% hd. 1%. 2 . 95 Ind & Mich I ge eae 207 Ind Hydro Elec 7 35 Ind Gen Serv oo pa’ \aaabans Indpls P & L 5%
‘esata
HCH Pub
Ind GEE 4.8 Pid. ieeser.. 83% pic. sstenenes 14
“a eee 24 p Milk pfd PISRERY 66% Van Camp Milk com.. 11% Bonds
Algers Wins‘'w W RR 4%%... 99 American Loan 8s 51 ........ 84 American Loan 5s 46
of
MEMBER FEDERAL DEPOSIT INSURANCE CORF