Indianapolis Times, Indianapolis, Marion County, 25 October 1943 — Page 6
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6 : . they| National Debt Growing at Same Rate as in "42, Despite Spending. WASHINGTON, Oct. 25 (U. P.). ~Official figures showed today that the government is holding the line on the treasury deficit despite spending at a rate never before recorded. In the 113 days since this fiscal year began on July 1, 1943, the govControl of the ernment has spent $71.04800000 ompany reported has been sold to which is approximately $10,000,000, Strong, Carlisle & Hammond Co. of 000 more than was spent in 1919— an old merchandising the peak fiscal year of world war I 1 Too ve | Expenditures so far are about Tnternational Machine Tool $7,000,000,000 in excess of what the pd $2,108.274 or $6.21 a share government spent in the first 113
year ends this month, De-| Defic Smalier frola Corp. earned $236,398 in 1941.) But despite the enormous acJast avallable figures, or 86 cents a celeration of spending, the treasury net deficit so far in this fiscal year . is actually $100,000,000 less than for iy ET. M A NU PACTURERS | the last year. are rationing jobbers, who ration The figures are $15,441,000,000 and
I. U. Reports Big. Gains ~~ Bank Debits and © Advertising.
ness research index, reached a new
a subsidy, resented charges that It}, last month, it was reported might influence their editorial pol- today. 8 : : icy and asserted they werk chiefly) 0 1 nearly all ftems cominterested in the sale of war bonds. A Then, these developments ot prising the bureau's index of busicurred: ness condittions made small gains in 1. The radio industry, through September, the rather substantial the National Association of Broad-| i... in the index was due to the casters, served notice that It S| epiqeyjar expansion of two diagainst government-paid advertis- | gone hank debits and newspaper ing, but won't stand for any dis-| guertising” ‘the bureau said. crimination if the government starts} «pani debits in the state reached passing out money. an all-time high when the third war Newspapers of America” (shopping| were superimposed on an expansion guides, distributed free) sald the which has been going on rather
Bankhead subsidy bill is "unwar-|g.qdily for more than two years. ranted and discriminatory”
because
styres. Demand is terrific. $15,502,000,000, respectively. This is smoke more, civilians can accounted for by the fact that the This year's crop 11042 revenue act is raising enormous { revenue. { In the 113 days since July 1, the
the shopping guides couldn't benefit.
Newspaper advertising, due to the tremendous rise in classified adver. Negroes Want Tenth Sleing, seeing MARpowes " ag mes: ¢ no longer 3 The National Negro Publishers sas the. highest in more than 2
Coal Output Stéady “Despite income tax payments and
[ Bids Refused for i
Indiaha business, as measured by | Indiana university's bureau of busi-|’
Steamship Line
| WASHINGTON, Oct. 35 (U.P).
Essien
SOUTH BEND; Ind., Oct. 25 (U. P.).~Directors of Studebaker Corp.
all the corporation's remaining outstanding 10-year convertible 6 per cent debentures due Jan. 1, 1045. On Sept. 30, there was $3,952,900 59 principal amount of the debentures otitstanding out of an original amount of $6,841,846, Including g,.q $1,500,000 of the issue called for re- u Dec. 1. cus The privilege of converting the
i SEIsEEEREE
$788 sages
$2,950,900 ISSUE EE
have called for redemption Jan. 32|Cholce—
[email protected] 14.15014.35
[email protected] [email protected]
13.15913.9
er . at ELE RET
shssenananes
12.7% 0.509 13.00
[email protected] [email protected]'
saevasgenee Teens RNI.
srniettaencen
[email protected] 1.000 9.75 101 8.75@) 8.75@ 8.75 5.25@ 6.75
[email protected] 1335814 00| Common
Drill Successful Oil Well i In Everglades Near Miami §
NEW YORK, Oct. 25 (U. P.).—Successful completion of a producing well in Collier county, Florida, indicates possible extension east through Alabama, Georgia and Florida of the gulf coast oil producing region, Wallace Pratt, geologist and vice president of Standard Oil Co. (New
Jersey), said today. < : ! Humble Oil & Refining Co, affiliate of Standard, has drilled 11,700
ng i 208-1080 Ds sar arazes Medium ; S00-1000 Pounds ...coesnvees
w irerraseses [email protected] > 301078 8.230 9.75 11.30013.00
11.509 13.00 [email protected]
[email protected] SHEEP AND LAMBS (1300) jacent to it also would ultimately
produce oil.”
wall
gulf coast production,” Pratt said.
estimate the actual size of the new well “or its full geological signifi
U. S. STATEMENT
WASHINGTON, Oct. 238 (U, P.,).~-Gov-
feet to encounter oil in the Ever |
Crude already removed from the Everglades is “of a heavy type, high fuel content, characteristic of °
Although it still is too early to
cance,” Pratt emphasized that the |
ernment expenses and receipts for the current fiscal year through Oet. 22, compared with last year: : This Year. Last Year.
debentures into common stock of
want tenth Bankhead | the war bond campaign, retail trade ane oi the the corporation expires in the case
proceeds earmarked egro| Was larger than in August, or in oa : for N September of last year. It now ap-|i{ debentures called for redemption _ The radio protest was presented | PeATs that consumer expenditures on the 10th day prior to the re- : .. $97,810,003,086 $20,501,307,087 by C. E Amey Jr. secretary this year may be at least 10°per cent | demption date, the company said. War spending ; ata 082 1 AIk sua treasurer of the Broadcasters, who| Nigher than last year. A ‘10. per Net Beficit! |. 15008883 083 16.178 191 433 committee that radio: sta- | cent Increase in consumer expendi-| WAGON WHEAT Good to 43a) Ca ante a 5,506,192,043 last devoted 180 million | Yes Will more than compensate for | Up to the close of the Chicago market mas at ' ’
[email protected] 3ugnn discoveries in the United States” . J \ 8.000 1.5 . tes” 44
WILD LIFE REFUGES
RF; ;
i it
1 -—
Wash. 121508 P. M.
Roosevelt last January asked for $3.000000000 with to pay interest on it in this
year of time ) to the war effort. of which million dollars worth was donated advertisers and 130 million dolworth by the radio industry in sustaining programs, : The broadcasters, he said. has opposed acceptance of government funds, but, since the Bankhead bill was proposed, feels compelled to jdefend the competitive position between radio and other advertising mediums.
. Vole Tomorrow
Still opposed to government advertising, it also advocates “no discrimination between press and radio and any other media,” Mr. Arney said. Herbert Pillen, president of the controlled circulation newspapers, argued that they are community
£5 gf
spending at the current rate. On another basis, the entire sum of new proposed taxes represents approximately what the treasury has collected from taxpayers in the first 113 days of the current fiscal
terms of the Bankhead bill, would be barred from government business because they don't hold sec-ond-class mailing privileges. Opponents of the newspaper subsidy bill have warned that its enactment by congress would establish a precedent that would result in ‘demands for more and larger appropriations, and could be used to justify programs by many federal agencies, using many different mediums, The bill will come before the banking and currency committee for a vote tomorrow, :
NAMED VICE PRESIDENT
NEW YORK, Oct. 25 (U, P).— James E. Webb, secretary and treasurer of the Sperry Gyroscope Co. Inc, has been elected vice president also, the company announced.
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newspapers, too, and, under the]
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"PE FREE SEPESEEES VE ££ F ¥
the rise in the cost of living and in- ’ id $1.60 (exclusive of talent a
dicates that the physical volt of goods and services availablé to the public this year will be fully as large as in 1942."
miners returned to
to specific industries and to definite geographical areas has placed a heavy burden on the Indiana coal industry.
Farm Prices Good
Electricity production was slightly lower in September than in August, although the total output was probably close to the practical capacity of the industry. Steel production was seasonally the highest since January, and in actual tonnage was probably the highest on record. The output of steel for months has been so close to the capacity of the industry that variations in output are principally fluctuations incidental to the wear and tea of the capacit; operation of an industry. ; Parmers génerally received higher prices for their grains, and lower prices for live stock, dairy and poultry products in September. The
seasonally the best since February, while that from the sale of hogs was the lowest since September, 1942. Cattle receipts were the largest since December, 1042,
DAILY PRICE INDEX
NEW YORK, Oct. 28 (U.P)~— {Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): SAtUrdAY ....oisevervrnivaes 172.33 canvsnssnssnsaese 115.01 Month 880 ..ossassnasvenss 170.99 SRNR IES 150.7 11043 high (Oct. 1B) scanners 173.30 1943 low (Jan. 2)......0ues0. 16681
| LOCAL PRODUCE
Jn breed hens 3: Leghorn bens I
ibs., 38e. le, Ole 10e y Egrs~ Current: receipts, 4 Ibs and 9
grade, 33c. Butter—No I We Sutterfat—Ne | We: No. 1. de
income from the sale of cattle was}
Broflers fryers and costers under ¢| springers,
Indianapolis flour mills and grain 1 for 1
red W No. 3 white oats, 9¢: Neo
+ he ¥ corn, Ie bushel. and No_? white shelled corn; $1.16
hotce Cull (75 Ibs. up) Feeder
tecker Cattle and Calves
168804,778,051 96.010,098.74 Gold reserve. 213014593 22,748,256,485 INDIANAPOLIS CLEARING ROUSE
11.00812.00 10 75@11 78
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