Indianapolis Times, Indianapolis, Marion County, 7 October 1943 — Page 27

said a commision an at th's

friend who knows a govern-

14.80,” replied h 1 when he sees it. “Nope, $14.80 and a 2 Atory varies; Sometimes Jt. a » st of clothes

ry Moon Sh wit in. funny and the hog situg- | vy. Tt has been a headache since

ts coming in to the stockyards the hogs are sold as fast as ‘come in. is no consideration because post’ every hog and sow, regardless of quality, brings $14.80 per il pounds! Normally, the very heavy ones aren't worth as much ‘the choicer, lighter ones. That pesn’t hold now, however. If any one dared to call it a farm- § “strike,” he probably would draw pn the wrath of the organized p interests who also insisted last mer that it was not a “strike” hen farmers refused to sell their the baseball term of Jd-out” is fairly descriptive and not $0 bitter to these sensitive farm

"Receipts are not light because thete are not many hogs in the country. Just the opposite, there are a great many. Then why aren't farmers bringing them in? Well, if you could and you had some corn and eed on hand worth $1 as t worth $1.48 when fed to ay uldn’t you fatten up those in ne that they will bring a no matter if they are very

too, if enough farmers hold hbo a chance the govt would have to raise the to bring the supplies in and

would happen, wouldn't i

h to sell them fiow? - » »

- | Good SERVEL, Evansville firm which {Medium Canper

made a few air-conditioners “costing around $2000 for larger

gas refrigerators Juciared to continue with some “although enBeda ata present,

OD : Purdue repor DN aime an ciagn m the southwest gre infected with

" worth of orders ~Pullhad on hand May 1, less than

| were for products’ it" normally ‘the remainder being for

assemblies, vessels, plane m dtm

‘howitzers, mortars, troop sleepers and shells . . . Continental Aviation

Ba oe oi Corp. is going to] 2% ) the Rolls-Royce airplane en- ; heretofore Packard is the only

U. 8. firm turning out this British

GRAIN PRICES TURN “HGHER 47 GHOIGD

GO, Oct. 7 (U. P) ~Grain developed » firm trend on of Trade today after an jyc

get $14.80 for every 100) Good—

+ Common -and--Cull {75 Ibs. up)

. In all the | Good

since Mon-

STAY AT $1480

Almost All Hogs and Sows

Sell at Ceiling; 5075 Arrive.

ceiling price rut at the Indianapolls stockyards

Receipts included 5075 hogs, T15 cattle, 350 calves and 12560 sheep.

sei

GOOD TO CHOICE HOGS (5075)

1480 [email protected]

Good to Cheiee— J po! [email protected] 300+ po 14. .80 330- 360 pounds 300- 400 pounds ..csuvesencee [email protected]

Good 400- 450 pounds [email protected] S410 oie 500 pounds [email protected] 250- $50 pounds [email protected] Slaughter Pigs Medium and Good— 250 550 pounds ..........s CATTLE (35)

..13.00014.80

[email protected] ve, [email protected] . 15.50916.75

1100 po -he 1100-1300 founds wh > [email protected]

1300-1600 pounds .....ss . at .

11.33412.33 [email protected]

[email protected]

N00 1100 pounds .i.iesnee beans 1190-1300 ) pounds Comm: 700-1100 1 pounds

Cholce— 600- 800 pounds 800-1000 -pounds Good

+ 14.500915.7% [email protected]

12.75014.50 see [email protected]

[email protected] [email protected] 10 j0g1200

Bulls (all weights) [email protected] [email protected] JOB 2310. 50 9.000 8.25 CALVES (350) Vealers (all weights)

Feeder and Stocker Cattle and Calves 11.80912.76 [email protected]

10.500 © 103011

[email protected]

passaasNann

[email protected] [email protected]

Good and Choi

500 pounds down ..........s SHEEP AND LAMBS (1230)

14.00 10.28

LOCAL PRODUCE

Heavy breed hens 33¢; Leghorn hens, 8 rosters ander LE . Old roosters, & Eggs—Current US tiple. 06-40s. ANG 0p

A ‘medium, 43¢ iL oe Butterfat—No. 1

of ih,

WAGON WHEAT p18 the the close of the ‘Chicago ary, napolis flour m clevators + pei 0 $1.64 del

gi 2 ay oats, Fra

50 14.80}

HO iraded Bpti~arade A gro 46¢; grade. rade A small, ise; De

_—_—

Source: O.W.1., Announced Sinkings

7 CRAPHIC BY PICKS

fiz ome BN BRI —

Merger of Sunray Oil Corp. and Superior Oil Corp. of Tulsa’ was authorized at special stockholders meeting of both companies yesterday. » . . Exporters were worned by the commerce depariment that not only are business {(ransactions with North Africa under a ban but all private dealings with per--sons and firmus in Italy also are forbidden, pending further clarification of the military situation, w » . i Earnings of class one railroads for August showed a year-to-year decline for the third successive month, but combined net income for the first eight months of 1943 ran well ahead of the corresponding 1942 period, the Association of American Railroads disciosed today. ss 8 » The bureau of internal revenue shortly will issue a clarifying statement concerning payment of commissions under salary stabilization regulations, according to A. D. Burford, deputy commissioner in charge of salary stabilization. ” . . Steel companies will be permitted by WPB to accept more plate and sheet tonnage orders because of present heavy needs, but the current tight situation in these products may result In a carryover of bookings into 1044, the magatine Iron Age jsaid today. ” » » Creditors of the New York, New

to an Interstate commerce commis sion plan for reorganization of the road, argued in federal court ‘today

ICC recommendation because the war boom had so increased its earnings that it was comparable to find-

130ling “an oll well on the property.” | pat

~ A 36435000 U. 8. treasury financing operation, including the borrowing of $3,000,000,000 from

1.501 commercial banks which were not

permitted to participate in the third war loan and the refunding of $3,435,000,000 of outstanding obligations, got under way today.

LOCAL GLOVE FIRM

A suit for treble damages, alleging violations of price ceilings, was filed against the Indianapolis Glove Co. in foderal court here yesterday

‘New Television” 2

Relay Developed

NEW YORK, Oct. 70. P)~— Beal research director “A, laboratories, antici- , post-war nation-wide netAelevision stations as a

egh Co Haven & Hartford railroad, opposed |. ¢

that there was no need now for the!4

NAMED IN OPA SUITI 22+:

castings producers, today prepared a

CLEVELAND RAYON - PLANT TO EXPAND

CLEVELAND, Oct. 7 (U, P)~ The Industrial Rayon Corp. has been ordered by the war production board to expand its Cleveland plant for the additional production of approximately 9,000,000 pounds of rayon tire yarn, Hiram 8. Rivitz, president, announced today. This is part of the program of the rubber director's office to provide tires for service on aircraft, trucks, transports and motorized artillery. The ORD indicated recently that their biggest worry is rayon supply. If this type of -cord fails to come in on schedule more “lerude rubber must be mixed with synthetic in using cotton cord, drawing more heavily on the reserve,

N. Y. Stocks

Last canes 2% Ila 853

All

TE TH

PEERS ESEEE

4 pf. 10% th Stee! pL 116% “Warnes. or 345:

zest i ae

iad

say &F »

S28 vie

Freres

Douglas Airer . 61 Chem ....137 East Kodak ...159

ena - »

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I Te pee

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2 23 n 3s — 1%

LOCAL ISSUES

al quotations furnished Ba Indian. spol Ee dealers.

gaa Za

= 2

a 1} fy

i i pe

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u = Is

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Cleveland Bronze Officials To Appeal Sabotage Case

CLEVELAND, Oct. T (U. P)—Attorneys for three brothers who founded the Natiorial Bronze & Aluminum Co., one of the world's largest

E SEREEEREOR TEERESECEEE

% LE Bal. iE HH

motion for a new trial after a fed

eral jury convicted the trio of war plant sabotage charges. The brothers—John L. Schmeller, former president of the company: Frank, former general manager, and Edward, former chief metallurgist

~were charged in a federal indiotment with having furnished the government with defective mate rial for allied airplanes. Judge Emerich B. Freed said he would hear a new trial motion Monday. The three Schmellers were released under bail of $10,000 each, During the trial they had been at liberty under only $5000 bail each. Successful in prosecuting the nation's first case involving manufacturers in war sabotage, U. 8. District Attorney Don C, Miller said he would oppose vigorously new trials for the Schmellers, Defense attorneys said that if their motion was overruled in federal district court Monday, they would go to the U. 8 circuit court of appeals with the case. The jury which convicted. the Schmellers on the sabotage charge acquitted them of another charge alleging conspiracy to defraud. It also acquitted four other former officers of the company of all charges, as well as the company itself,

KAISER 1S ELECTED HEAD OF BREWSTER

NEW YORK, Oct. ¥ (U. P)~ Henry J, Kaiser, shipbuilding wisard, was elected president of Brewster Aeronautical Corp., follow

organization that he will now take an active part in the company's management, Jr, who will now return to jhe U. 8. navy SEpARmE on & speclyf ms-

signment, Kaiser pointed oup ‘that 7 Riebel re completéd “special t ts" for the elo by that department bo accept the presidency had been granted ‘re-

the renewed insistence of vy department, Kaiser said, 's resignation was accepted, has been chairman of the of the company and it is asthat he will now hold the jobs of president and chairman. entry into Brewster was

officials of the navy who reportedly were disappointed over the rate of aircraft production by the Brewster plants,

U. 8S, STATEMENT

WASHINGTON, Dect. 7 (U. P.).—Covern

This +48, 525, 30. $1 $l

st Yea 4 311, nem - 18484.391.2 3,070,370,3 0,404,301,230 3, 3, 3, 2,

,370, 30 ,137,365 028.319

,140,7 ea olan 13 ae Reserve , F4176,00 067,360 23,754284, 55!

INDIANAPOLIS CLE/ CLEARING HOUSE

8 fi 1

called for 6.5 billions in additional

| groups.

Ing his sésurance woe to directors of the

brought about some months ago by|

- {be required to administer this pro-

Proposal With_ Refund After War. i

By MARSHALL McNEIL Times Spegial Writer

Morgenthau's suggestion that tax. payers be permitted to purchase fully paid-up life insurance policies with postswar tax refunds is one part of his 10.5 billion dollar revenue program that seemed certain today to be rejected by the house ways and means committee, Indeed, this suggestion in the secretary’s statement which urged to “take every possible step” to simplify tax returns, pussled many committeemen, If accepted, th#*suggestion would not oply put the government into the civilian insurance business, but it would tend to compound and eon-

individual income taxes, the secretary said he realized the weight of this proposed burden, “You may therefore,” he continued, “wish to consider some device for lessening the ultimate impact of the increased tax on the lower income

Benefit Lower Incomes

" “One such device . . . is provision for a post-war refund of a part of the tax. “Such a refund should benefit principally the lower income groups, . If such a device should be used, it is ‘Suggested that the taxpayer

insurance policy.” . ; This proposal raises some tnteresting questions: ; Would the taxpayers’ refund be regarded as the premium on the

would the amount of the be merely that of the refund? If not, then is the Insurance to’ be handled on an actual basis? If this fis done, then would not the ftax-

treasury—have to be considered? Or, would a 21-year-old

insurance as a man 70 years old Who was due a post-war eredit of equal sige?

How About Examinations?

Would the 1044 post-war credit buy one life insurance policy? And would ‘the 1945 post-war credit buy another, and a smaller, one? Or, would the post-war credits of each y as annual prem-paid-up life in-

in the a paid faciuded credit, and thus reduce the amount available for insurance? Or would the government bear all the administrative costs?

hit him? Could he borrow upon it? How many new employees of the bureau of intéernal revenue would

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WASHINGTON, Oct. 7.~Sécretary

be permitted to purchase with his} refund credit a fully paid-up ite :

paid-up life insurance? And would} the taxpayer, in that event, get}

payer's age-—never heretofore a . question that has disturbed the y-

get the same amount of paid-up Jife

0 npr 3

Je RUGGLES-ASTOR-AUER o£ 700 p.m.

(Toight)

Charlie Ruggles... Mary Astor... Mischa Auer, to give them thelr full names. Charlie for smooth, urbane comedy, of which he Is the ° master, Mary for a delightful job as mistress of ceremonies. Mischa for his marvelous memoirs... and what memoirs they are! Plus music]:

Plus gut stars!

When the taxpayer dies, would !

at 7:30 p.m, (wine) True stories of the Old West, heralded by the far-away call of bugle, narrated by the Old Ranger

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BILL HENRY AND THE NEWS at 7:99 p. I. Oo |

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