Indianapolis Times, Indianapolis, Marion County, 16 November 1943 — Page 20

Peacetime

t things first, it should be mentioned that x are breathing much easier since F. D. R. t wise old owl, Bernard M. Baruch, to figure out r-contracts

ITSUE0 11 CaliLeiiativil

and-ldrop.of 1450000000 pounds from | "|the estimated 1943 output.

% 3 3 ——————————————.

"44 Production Will Fall

To 5,800,000,000 Lbs. Wilson Says.

WASHINGTON, Nov. 16 (U.P) ~ P. O. Wilson, secretary of the National Livestock Producers’ association, predicted today that because| of government policies beef production in 1044 will decrease to approximately 5,800,000,000 pounds, &

vissus 170000 | 1.500.000 | 6700000 | 26 miscn 4 = lll

SRAPNIE OY PigE 8

; habit

= PORKER PRICES

committee that although growers are producing vastly greater numbers_of cattle, actual beef supplies will drop because existing prices discourage the feeding of animals to heavier weights and choice qualities.

ARE UNCHANGED Top Is $13.60 Here as 11,500 Hogs Are Received |

Earlier, Joe G. Montague, ge counsel of the Texas & Southwest ern Cattle Raisers’ association, charged that there are influences in the government seeking to institute a tyrannical dictatorship over

Renegofiation Gets Money —

tracts still ra is more interest in this business of taking the excess profits out of war

than you might think. It's in annual: incomes such as the $4

Not Tapped: by Income Tax

WASHINGTON, Nov. 16.—The battle over renegotiation of war conges and if mail to this department is any indication, there

part due to a natural interest in these big 99,000 paid to machine gun manufacturer

But Baruch ” : faces the biggest At Stockyards. te nation through subsidy and price | car Gus Swibelius of New Haven, Conn., and tie $442,000 paid to navy job he ever had, steady at the policies. gun mount manufacturer John B. Hawley Jr, the two highest-salaried BN Digger than the, Tom prices opened y Wants Subsidies Abolished | manufacturers in thie country. 0 ‘running U. 8. war Indianapolis stockyards today, the Wilson gave figures showing that From businessmen there is a curiosity as to how much income such the first world war. food distribution administration re- approximately 8675,000,000 pounds tycoons are left with after federal taxes, and a furthér question of fon and millions of dol- of beat were prod uced in 1942 and whether the job of. restoring excess war profits to the federal treasury of war orders are can- The top was $13.60 as 11.500 hogs a total of 750,000,000 pounds s | Shouldn't be done by excess profits taxes alone, without this contromany nflustites most oer- | were received, 2100 cattle; 526 calves expected for 1943 ’ ’ versial business of renegotiation of contracts through price adjustment # - to alljand 850 sheep, ‘ "boards. : : . 3 “But, based on present trends and ww — eg Soria | GOOD TO CHOICE HOGS (insee) | On present conditions, the National| ~~ ~Take first the. matter of how much salary a. man in the upper aes “fos 100- Ean v1.75] Livestock: Producers’ association es- brackets has left after federal taxes, . peace Sting Jirodustion: : 18- 180 pounds Hid timates 1944 beef production at only | : ae Here Are Rough Estimates . oe re 330-200 pounds : Ba ii $,900,000.0% yy pn e Bal ions ~ Just how much inconie taxes anyone pays can't be calculated aca ney Hed A und : 350i 33.4 subsidy and price ceilings on live nse, evel 1 you know the income, because never know] 8OV-| 3%- 300 pounds 13 waite stock and charged the industry had what deductions a man is allowed. All income tax returns are of course n Jon off quickly, it 300- +] pounds erpeined sins Bae never been fully consulted by gov- held in strict contidence by the bureau of internal revenue. From not have enough to buy ma Mediums i1s@i20| FAMeNt agencies before policies tables published by the treasury department, however, it is possible to Swndy a Cerennans ‘ 89] were adopted make estimates of what taxes on a given income may be. - Tel Montage “protested agains! the Approximate ~~ + Estimated Net Income | 12.40612.78 government's price and subsidy pro- Nam a Income T After T 14384130 grams, and asked that congress|q o guinen "$499,000 (1941) e500 158000 , U..8. comptroller_gen-1 +o. 12280130) gpyolish subsidies in legislation ex-|~ HUB. Las oe i or asd #3is.o00 $ 85.000 ing about Whi “sq Rie 90] tending - the life of -the- Commodity]; ws Ra fo 214, oo O00 a in HHH sy Se le utesie: I Sohn B Hawley Jr. #43000 = (1942) i 317000 135,000: a Ai ag LOI y 3 For a few other cases, the figures 100k like this: 4 ! sis eaeniatives. Who Was hes : ns __ Calls Order ‘Bribery’ Ginger Rogers ........ $350,000 (1941) $230,000 ' $120,000 5 represen! Entatives Who at IMSL, De." teasetse] He said. the recent: order hy Eco- Ronald Colman ,....... 100,000 (1942) 64,000 36,000 we but not at the cost of CATTLE (2100) nomic -Stabilization Director Fred Anyone making... 50,000 (1042) 25,000... 25.000, up contract settlements fot . M. Vinson affecting beef cattle Anyone making ........ 25,000 (1942) 9,000 16,000 as in the case of one large |Choee— "ews prices “is the most flagrant example On the second point, that of determining whether corporation and company which didn’t get 200- 900 pounds joo of the use of bribery and blackmail | ®XCess profits taxes wouldn't do the job of price reduction just as well pt-on what the govern-| 1100-1300 pounds 180061438 | and the desire to regiment the na- | renegotiation, the facts seem to be these: owed it from the first world | Good: ton sumplately.: or : : - Renegotiation Pays . ce of ce adm y - = y p tration of Calculations made by the government price adjustment boards indi-

agh Baruch hasn't said what plans to delve into, it is } that he will have to conhow long we will have to keep over manpower and ma in effect after the war ends, aal ) be protected

.. [email protected] + 10.30@13.

8.60010.50

Ly FR

al problems as our foreign trade " ples after the war and access 10 world's raw materials.

cesarean

cent said it would take one 10] Seaton ana medium... | 13.0018.00 : 9 per cent four to six oul (1s ne up) ihe er ea 3.50G 8.00 1942, revocation of the project at 3 per cent more than Feeder and Stocker Cattle and Calves the request of the war food adminThe remaining com-|chotce— Steers {stration and the U. 8. bureau of 500-800 POUDAS ....vesssen.. 11.00012.00 | reclamation. ; didn't answer: the question- 300-830 Sounds --ooreeee Jl AGI TS rw : Thy federal reserve board believes 500~ 800 POUNAS +. easssseese [email protected] Report of a congressional in0 recofiversion and post-war ex~ JSU.1180 ‘pounds saasssesesss 5.80 10.7% vestigation into charges that the on can be done without much 500-1000 DOUDAS +..eceeeess. 8.500 0.75] War department has been “wastwing or floating of new securi- 900 DOUNAS «..uv.iuuinns 11.50015.00 Ing” public funds in settling war Backing up this view is the Calves (steers) . contracts will be made in the atahp Board (only 3 per cent| 1000 pounds Cains iEnrein 8.50@ 9.7%) next few days, Rep. John J. e companies will need outside| 500- 900 pounds ............ 1.00@ 8.50) Sparkman. (D. Ala) announced peing) and: the securities and aL Calves (heifers) today. a Choice. ange commission. The SEC re- 0. pounds down pry 11.25012.7 2... “that out of 250 large corpora (MedNm— oC .. ssmeuas| Authorities of the province of

146 had nearly $63 million in

reserves in 1940 and had SHEEP AND. LAMBS (30)

: Gwen (shorn) Good and choice Common and medium : LAMBS {Good and choice

greased this cushion to $515 mil- : A at the end of last year. i > ” <

- oo 0 a Hood and choles ..i.iieiee 1.78 «i B50 11 LE]

U.S. STATEMENT

Nov, 16 (U. P.).—Gov

. + . . Germans recently| several secret oil and sosp| WAS ' es In Belgium and og current fiscal year through Nov. 13 com

4 pared with a year ago: % from $1.12%@% ; why can’t - somebody find This Year Lart Year | per cent above October, 1942, ac- |’ a secret soap factories in this (War Spend 3 fam "31 di wi ie SSVAiug 16 the Xetunay Inupsteiay | : : airy? . :. The Japs, says U. 8. 16.0308 oes relies . 1€] Bt department, are hunting Noth Bal or itis ios an "oe v3 00 ,o A. N. Y. Stocks substitute for quinine, even Work xo aml hs IDS) A retirement plan for employees ns Net h they control Java, source of co Res R 109.006.114.048 93.740.007.793. of Marshall Field & Co. was ap- High Low Close Chang B per cent of the world's quinirie: proved today. All full-time em-|AlSh Corpo... 2 ten % substitute, it concludes, is that | pebits .. akan with a company service record of|am can ...... 82% 82% 8% — % expect to be driven out of - five or more years will be eligible/am Loco ...... uns n fo rd for a pension based on length of Am Rad&SS .. 8% 8% . 70 BE SOLD BUSINESS A7 A GLANCE service and average income. Am Ral Mii i __|nine months ended Sept. 30 net in- Water W .. t% ORK, Nor 10 3. Pe ith a w| LOCAL ISSUES HE, o£ : 11,245,166 40 year ago; quar-| Nominal quotations fu « Atchison... 32% the sale of tts| LAL Bn spoie seule doctors Hla “Asked Bais & © Bt 1 Agents Fin a oessiil go oi [Beth Steel ¥ pf 116% We eal ABE) EFL subsidiaries nine months ended] Bonoepertil som. vee Find we |RESES Be Sept. 30 net profit $336,850 or $17.87|Circie Theater ‘4s [Cons Vul Air pf 19% wl Crs a share on $4 preferred stock in ar- Delta Bos com’ Gurton we 110 1 1 as . rears vs. $204,950 or $10.87 year ago. Home rat Dow’ Chem [1431 months ended Sept. 30 net Profit|ing Hydro Eee 1% Son Pood». 10 §(8225.425 or $1.10 a share vs. revised Ing Gen ery $8 p18. 0:0 dh, 1100 | Gonaricn +0. 3s $303,207 or $1.60 year ago. ndpis P & L oom oioiois i 17h | Goodyear aes su Kansas City Power & Light Co. nap Ie meee : arves 12 months ended Sept. 30 net income | Indpis water dass x ‘com re ims pr Int TAT Por |. 13 BT or A en 0 IR eit Soe Jevised 996 oF $520 year y Ine"Pub Berv 8% pf Se 100 | Eat Glade aw 31. te ad N Ind Pub Serv 6% ... 108% 16 ..ae 38 30 30. Swe N Ind Pub Serv 1%... 115% 28% 8% 8% .... Woorporal Aah 3 EEE BR incorporations— Laundry 3 n — Baupment &E 4 16% . 16% + vitae 14% MW. + on SHR ¥1

o nen ling flat price ceilings, seeks to hold

Eo 1 30G13:46 10.25 012.90 :50910.00

. [email protected] [email protected] sug 8.15 5.000 6.75 [email protected]

N of construction of the $9,200,000

> ber reducing electric rates, accord-

@13.00 5 00 jtenstvely in that - Souths:

t expenses and receipts for the

cials admittéd in testimony before the house agriculture committee that the regulation was an attempt to circumvent the law of congress, he added. Vinson's lve stock order, avoids

cattle prices within a narrow range Py NRE baleiaies drenvy

than the federally listed prices.

The war production board’ today {granted permission for resumption

Anderson ranch dam irrigation project in the Boise river valley, Idaho, WPB canceled its Dec. 26,

Mendoza, Argentina, have rescinged fully the order of last Septem-

ing to information received here todiy by the American & Foreign Power Co. Inc, which operates exrepublic, ” ». 2 a. _* October living costs in the United States were. 0.6 per cent higher than in September and 3.9

slaughterers who pay “more OF Tess]

cate that excess profits taxes, under present rates, wouldn't do the job. Total récoveries under renegotiation proceedings to date have saved-the government an estimated $5 billion. Under existing tax rates alone, the government would have recovered orly $3.5 billion, Renegotiation has netted the governmeht an extra $1.5 billion. Taxes alone would have done only 70 per cent of the job. : Sent . "Reducing this expérience to a single example to make it-more readily

Renegotiation, in other words, has returned to the government an extra $695,000 not recoverable under present tax rates which, in this imaginary case, would. yield J2.6 per cent of the amount which the government gets in spite of much smaller taxes after renegotiation.

WAGON WHEAT 8! Up to the close of the Chicago market J today, Indianapolis flour mills and elevators paid $1.87 per bushel for red wheat {other grades on their merits).

Only 7% Increase in EIA EE

~The domestic utility industry boosted its generating capacity 17 per cent in the period from 1937 to 1942, and increased its sales 52 per cent with an increase of only 7 per cent in gross plant investment, the federal power commission repotfted

Based on earnings reports of all U.S; utilities with annual revenuesjin excess of $250,000, which ‘com- |’

than the privately-owned utilities in the ‘nation, the FPU ifvey disclosed a rise of 6.3 per cent in total assets to -$18,000,963,065 from $16,873,384,- | 102, with a parallel increase in plant in ; from $13,851,583,019. -

in 1042 were $3216,479,808, an increase of 27 per cent or $684,035,538 over 1037. Total operating income was off .3 per cent to $743 687,504 in 1042.

try’s position was -further highlighted by elimination of more than $200,000,600° of inflated value from the utility plant accounts, an increase of more than 50 per cent in depreciation reserves, crease in = coverage of interest

“lon long-term debt, the survey said.

_{the average yield on all grades of

; : aver ; tr: spends ak rp seo an ras Yor SE on SE ‘With. Without i Renegotiation Renegotiation Gross income from war contract. ...veevvs $7,750,000 Recovered in renegotiation ,.....ceeve00000s .$2,520,000 (Nothing) Income after renegotiation ....scecesrsencens 5,230,000 evens Net profit before taxes .....sessecsessscore 860,000 3,380,000 “Takes on net Profit ......ceceenrrrareice. 625,000 ~2,450,000 Net profit after taxes .,..o. iieeiiisnsearass 235,000 += 930,000 Return to the government: . Te J From taxes ae sia wne Ca briv aire e EET UE 625,000 2,450,000 From renegotiation .....cseeeesscceersecens 2,520,000 (Nothing) Total return to the government ...a.....$3,145,000 $2,450,000

fo. |

———

529% Since "37 on

Investment. WASHINGTON, Nov. 16 (U.P).

95 per cent of all

I ¥!

Total utility operating reven'ies

$200,000,000 Squeezed Out The improvement in the indus-

an in-

charges to 3:22 times in-19042-from} 2907 times in 1937, and a cut of 12 per cent or $33,952,910 in interest

Furthermore, the FPC found that, in spite of increased -operating expenses and taxes, the industry has steadily maintained its volume of net earnings available for in"Other disclosures of the commission were that earned surplus has deen’ increased-*Mbstantially.

electric utility bonds dropped to 3.07 per cent in 1942 from 4.03 per cent in 1937 and more than $2.000,000,000, representing accruals for depreciation and amortization, together with the balance of earnings after dividends, were retained by the industry as a whole in the period covered. sri 3 The commission chose the 19371042 period for detailed study because 1937 was the first year for ‘which uniform annual reports were available under the federal Power act. : ’

HINTON—Margaret M.

JONES—Berton, T.

cemetery.

and Rlehard ag al hy nesday, 2:30 p. m., at the West

Washington Street Chureh. Buriy Brothers’ “hap he West Ww. Michigan st, 8p m. until 0p . F ang nd at the gt Ep RR from noon to 2:30 p. m. x 3

ams and Charles, Mrs. Nettie, Itienbach, m an arles, . Mrs, Emma Universaw and Mrs. Bdith away at his residence, 205 . 3 m.

age 80 years. Puneral et CF a

Thursday, 8: . Rar, TH fu fogs J,

Joseph cemetery. Friends may call ati’ the rieral home after 7 p .m. Tuesda y.

Mar _ Wednesday, 3:15 a. Moore Peace Chapel, St. Joan ~Church, 9 ih. Burial Holy

cemetery.

Burroughs Fan-Fold billing machine. rat Workin .|open. Please phone for ap. — Cross Pe 23.

op! for |

conditions. Salary

™ of Roy Hinton, Mrs. Ma Mrs. Frances Dufty, p day, November 14, at St. V

ital. Peeney Funeral Home, 2339 N. esday, 8: funeral home, § a.

m., Bt. Aquinas church. Burial St. Joseph tery.

e), mother Miller and away Sunincent’'s host Feeney

ceme-

(B. T.), hushand of Elizabeth, father of Horace N., Berton V., Mis. Whiard- Wampler, Mrs. Sylvestet O'Bryon, Mrs. Ione Linne, Mrs. Har mon E. Price, 18 grandchildren, died Sunday. Friends may call at the Kirby Mortuary, Meridian at 10th st. Funeral Wednesday, 8:30, at the mortuary, 9 a. m., St. Philip Neri church. Inter. ment Holy Cross cemetery. Friends invited. NICHOLAS—Abraham R., 1315 E. 50th st. father of Wilbur H. passed away Sunday evening. Services at Flanner and , Buchanan ‘Mortuary, Wednesday, 2p. m. Friends Invited. Burial Crown Hill Friends may call’ at mortuary. mother of Edwin E. O'Hara, passed away Monday p. m. Funers] Thursday, 10 a. m. from Shirley Brothers’ Irving Hill Chapel, 5377 East "Washington st. - Burial fon Bvangelical cemetery. Friends may call at chapel after 10 a. m, Wednesday.

Funeral Directors ~~~ § W. T. Blasengym 350%," "CONKLE FUNERAL HOME ~ oe

FASE. Wo Michigan St: :

Market 1234 1604 W Morris

FARLEY FUNERALS rvr2 FLANNER & BUCHANAN

3% W. PALL UREBER SL¥D - ..

BERT. S. GA pect SL. MA-6089 GRINSTEINER'S

Pros

1001 £. New York = MA-53%| . HH N 1008 8, EAST S1. MA-8488 HISEY & TITUS 951M. Delaware St i L1.3838 MOORE & KIRK IR-1159 UH-1808 £A-003. SHIRLEY BROS. CO. L1-5409

EE BR ERT A A TT

Local Meetings Dr. J. R. Eaton, assistant professor of electricial engineering at Purdue university, will speak at the Central Indiana section mee the American Institute of Electrical Engineers at 8 p. m. Friday at the Indiana Bell Telephone Co. audi-

torium. He will discuss electrical grounds,

LOCAL PRODUCE

Je breed nena 330; Leghorn hens.

Broflers. fryers and rosters under ibs., 35¢. Leghorn springers. 33a Qld roosters, 6c Eggs ~Current receipts. 54 bs and @0

Cc. Graded Eggs—QOrade A large, 80c; grade

A medium é4c; grade A small, 33¢; oo

No. 3 c, and No. 3 red oats, 9c; No. 3 yellow shelled corn, bushel, and No. 3 white

-3

OTHER GRAINS MIXED

CHICAGO, Nov. 18 (U. P)~— Wheat futures maintained a firm tone and other grains turned narrowly irregular on the Board of Trade today. At the end of the first hour wheat was up_% to % cent & bushel; oats | J unchanged to off %, and rye off % | } OM Her isin a Re In the December options wheat | | was up. % to % cent a bushel from |. the previous $158%@%; oats off 1% from 78%; rye unchanged to up

THIS CURIOUS WORLD

9%7¢c per shelled corn, $1.16. we

33¢. Butter—

grade, ; No 1 60s. Buttertat—No. 1 : No. 3. 46s =

By William Verguson =

+4]

ting of|

3] [osT—Police p 3 9? weeks oid, black tan, vietity 400 block N. Warman. ward. L1-3729. }

BLACK BILLFOLD Jost, vicinity Indians ef ednes-

REWARD for large black leather purse ost downtown Friday ght. COR. ~

|| Help Wanted—Female (| Active Older W

#54 N_Lliinots EY 1-8409 “ROBERT W. STIRLING _ isn Prospect ; MA-404¢

GOLD “Mido” wrist watch, leather strap and stiver buckle. Lost vicinity of Warman to Addison on . Was! ton, Monday, November 8th. Reward. BE-

[OST on 53d and Central trolley, pearl _and turquoise - sunburst brooch, about p. m, Wednesday. Reward. Call Irene Schuman, HU-2070. Name “Judy.” Needs medical Scottie attention. Reward. Vicinity 1411 Sharon. -BE-5037-W. : BLACK zipper coin purse Thursday night. Approximately $37.00. Reward. Phone BL-2560. ?

LOST of strayed, red cocker spaniel. Name Sy Reward. 405 N. Oxford. CH-

[OST—8mall coin purse, $25.00 and keys, diathing and platinum lorgnette. WA-

LOST—Man's bilifold containing valuable apers. Keep money. Return contents. A-1131. Bla ol taining personal papers, money. Dilve

ee wntown. Reward. 1033 er. MA-4478,

LOST—Boston bulldog, Brown and black; answers to mame Tiny; soldier's pet. Reward. WA- . SRE fOST—Brown billfold. Reward, Jess Wood, Docker TD tavern, 3215 E. Michigan.

T-—Lady's rus wrist watch, te urday, vicinity . Wash on Hotel. Re wa LI-6694 or LI- Miss Stone

LOST—Large male police . “Laddie.” (Long hair, brown: Diack Reward. -Li-

and Re-

—) T: ; vieinity > Brightwand, Child's pet. Reward. CH {OST—Sunday p. m., tween 4 and Min Call RI-360%. -

on Linden st. benesota, $9 in bills.

theater or University Heights, Wi day night Keep money, rn val pers. 2360 N. Pennsylvania. WA-7062. ——In- Red cab. Lady's tan Jutse. Keep. money, Return railroad ket, tents. 33 N. Walcott. FR-2184. $20 Reward Lost — Gladstone, .bag, Eipper bag, from waits ing room at Union Station. RI-1813. whi d spots; 4 pups. 6020 Ralston - BR-4525. LO8T--Biue Teather purse on Broad Ripple NEW BRUCE. BR-2680. REWARD. or large

BR-467, reward,

Frese #

SOLAN & FF

Lenses

-- A

2. The installation 3 (33), or less,

++ 1:

“ow. 0. . ee

all in

gus.

of said thirty-two

MAN'S PURSE. left at Fletcher Trust Company, 3508 Wa . Ree ward. No questions asked. Valuable papers, $41.90. BL-0651. 3949 South-| eastern. ’ v ’ LOST—Brown leather bilifola SouiAInmg money and valuable pers. Vicinity of 1224 N. Capitol or Lincoln hotel. Reward, Mr, Heise. LI-9500.

Cafeteria Counter Girls

Experience Unnecesary. Guaranty Cafeteria, 20 N. Yiersatas.

% Comptometer ; Operator x

Accounting or bookkeaping exper. helpful. Typing desirable but not. essential.

"HOSIERY MILLS

RI-1321—8 A. M. to 5 P. M.

“White lady for night Work, - c00 Eaton's. a2 a Yau

Day Dishwasher 35; 's” verictan’ FEMALE

~~ TAILORS

For work on quality men’s - clothing in alteration -de- » t. 40 - hour work week with time and one‘half for overtime. + working conditions. Pleas. - ant environment. ;

Apply Employment Office

Wm, H. Block Oo.

“Floor Girls (Colored)

Guaranty. Cafeteria, 20 N. Meridian,

Steady employment, learn to operate machines. Clean, easy work. Time and half for overtime, based on 6day, 40-hour week.

Apply

CENTRAL STATES

* ENVELOPE 00. 16.8. Sherman or.

=x GIRLS *

Semi-Skilled Openings.

# Light, Clean Factory Work. #% Air-Cooled Plant. % Day Work. i

National Hosiery Mills

RL 1321-8 A. M. to 5 P. ML.

8000 PAY .

INDIANAPOLIS RAILWAYS Hand Sewers INDIANA FUR CO. 114 E. Washington

3rd Floor — 730 E. Washington St.

“Ideal

‘White or colored, § _— and 3

EASE IY La ANY EI A AERA A ERE

187030

Excellent Jobs available for both women BP Te malt 3 8 post-war _empio : TR work: paid while lear Apply

Wivi

Auto

Women 18.

{ 716 Guaran America Help. Wants TYPIST AND

L 1R-38. Good sa 11-4919 or 401 N. WA Short hours;

eals. Mutual R ware. LI-0734.

» CO LN X

tor part Hm

WANTED-—Waitre: 11 a. m.. 2p. GELLY DRUG

Wa «for rea

"dep

Salary bas rience. Stead for advance

“for rea sto

Salary base rience. Perm Apply Mrs, J

. LEADE

~_.to Wo

TEL GON

Come I It Ove MISS J 240-N.

il and bath. 15-week. BR-6: