Indianapolis Times, Indianapolis, Marion County, 9 March 1944 — Page 18

many concerns will, experts be

Utilities were one of the administration, along with W panies still are undergoing the

mided set-ups. Since the war, utilities have ex-| perienced several other changes. Their industrial sales of power] soared, commercial sales declined, | J and residential] use of power has | increased at a] “slower rate, chiefly because the) ma nu facture of! current = consuming household devices was halted by the war,

In addition, corporation income taxes have increased, fuel and sabor costs rose, and expansion ° of . facilities has been held down to] a minimum. On the other hand, there has been less pressure for lower rates. No one can say for sure what the future holds but many expect corration taxes, especially the excess profits tax, to be reduced. Possibly utilities will sell less power to factories but more to commercial users and residential customers, both more lucrative. Utilities will} be able to sell power- -consuming| household devices again. If the residential building boom comes true, that will add customers; and new uses for power, such as quick-freeze food storage lockers, - may play a bigger part.

o o ” RUSSIAN ENGINEERS were in Indianapolis the other day looking over a local industry's pride and joy, and gathering ideas they can | use when they go back to start re-|

get something about it in the news- | weren't allowed to be interviewed. It might have been interesting | experiment, ‘however, to see what

examination by curious reporters, ! and also interesting to see how] much the reporters could have un-| derstood through the thick Russian | accents, After the tour of inspection, the Russians taught the local plant executiyes. something different in| drinks—vodka with soda. The Rus- | sian experiment — always experi- | menting.

8 8 = THE NAVY is undeér fire again | for playing favorites among war contracts. It alloited 95% of the contracts for armor plate, to be used on invasion barges, to one company, the Great Lakes Steel | Co. Then production was knocked 1 |

> ‘PRESCRIPTIONS’

Accuracy, integrity, pure materials, immediate attention, { reasonable prices.

> Brookshire Pharmacy Co. ¢

) 217 North Pennsylvania St.

4 '

{ {

A SAFE DEPOSIT |

BOX IS LOW-COST ® INSURANCE 9 Different Bizes $3 to $100 a Year

Member Federal Deposit | Insurance Corp.

Security Trust Co.

130 E. Washington

BUSINESS

Changes Impending for Electric utility _ Industry, but No ‘Conversion’ Is Needed , O———— By ROGER BUDROW meee. |

ALTHOUGH THE ELECTRIC UTILITY INDUSTRY will not have to “convert” when war ends, in the sense that

changes ahead for the industry. tionably some of the water is being squeezed out of pyra-

| board took things in its own

| public

lieve that there will be several

first “whipping boys” of the all Street, and holding com“death sentence” but unques-

in the head by a strike last month,

As a result, the war production

hands and spread contracts to other steel firms, including Reand Carnegie-Illinois, “We can't trust all our eggs to one basket,” WPB said tartly.

FARNSWORTH Television & Ra~ dio Corp. of Ft. Wayne made $681,834 profit in the first nine months lof its fiscal year (Jan. 31.) after setting aside funds for estimated taxespossible renegotiation and reconversion. Profits fer the comparable nine months of the previous year were $556,437. n

ODDS AND ENDS: NoblittSparks Industries will pay a 50-cent dividend March 31... ., A new record high (or low) in sales slogans is the Pan American Coffee bureau's latest; trying to pull coffee sales] back to pre-rationing levels;-“the bureau says: “Conserve water; make coffee stronger.” . Studebaker is now shipping 900 tons of packaged truck parts a week; some must be wax dipped, packaged, and the

‘Willlam 8. Jack, better known as “Bill” Jack, the Cleveland war plant partner of Jack & will come to Indianapolis Wednesday to speak at a dinner meeting of the Purchasing Agents association at the Columbia club, His subject has not been an-

he will talk about his. own company where employees are called “associates” and receive free vacations in Florida, free lunches, insurance, shoes, entertainment and health care. In the néws since he was hailed before. a congressional committee investigating war profits, Bill Jack has maintained that his company had actually cut prices on ‘its. product — automatic pilots —at a great saving to the government. His latest venture was the dinner he gave members of congress at the Mayflower hotel in Wash~ ington, where he said the war department renegotiators had taken away all of his $7 million profit on 1942 business, “and then put me in the red by charging interest.” Jack & Heintz “associates” work

43,

nounced, but it is expected that .

_ William S. Jack

but “I challenge anyone to find a more healthy, happy and congenial bunch of people and they've had three years of it,” he said. It is expected he will show the March of Time film made at his

package dipped in wax to prevent I rusting on the way to tropical combat areas. . - Bridgeport Brass Co. | regular dividends, $1.37 to pre-| ferred stockholders and 25 cents to, will be paid March 31.

FORD LOSES APPEAL

IN STATE TAX GASE'

The state gross income tax di-|

trict” Judge Robert C. Baltzell deny-

{of a refund of gross income tax.

The company had filed a com- ure of the government last year to Nat Distillers. . :

plaint with the federal court in

the state. The claim of the Ford Motor Co. was based upon the commerce clause in the U. 8. constitution which, it was contended, prevented the state from levying the tax upon’ certain of {dealers. Judge Baltzell against the company.

{ | |

ruled |

building their own devastated areas. vision announced today that: the] 11943 net income at a nine-year The company they visited nat- circuit court of appeals in Chicago | (high, should be given to production urally was pleased and wanted to had affirmed the judgment of Dis- lof sugar.

papers but the Russians said they |ing recovery by the Ford Motor Co. | plained, caused the 1943 Cuban,

the Russians, who don’t know what | which it asked a refund of $115,773 ments from blackstrap molasses is packard ..... 8 free press is, subjected to a cross | which it claimed to have overpaid |largely responsible for diversion this Pan Am Air... 3

[Grain futures firmed in mid-season

GRAIN PRICES FIRM ON BOARD OF TRADE

12 hours a day, seven days a week | plant. CRITICIZES U. S. . Y. Stocks Net High Low Last Change Allis-Chal ..... 37% 3M: 37%... Amer Can .... 84'c 84Y, 84% + Yi Am Loco ..... 17% 16% 17% + % Am Rad & 8 8 8% 9% 8% + Am Roll Mill.. 13% 13% 13% — % Abbott Says Government am T&T... 10% wo 159%... [Am Tob B.... 61 60a 61 + % Too Slow in Cuban Am Water W.. 8 HN TN —- 4 Anaconda . 26% 26% 26% — Armour & Co.. B83 54 5% .... Purchases. Mchison PI. SV 6% 6% — % Atl “Refining. . 30% “30% 30% + % NEW YORK, March 9 (U. P)— Bai Loco ct.. 20'3 20% 20% — Yi Asserting that current sugar sup- | Bendix Avn. 31 38% 37 . | Beth Steel. 59% 59%; 50a ~~ Yi plies appear sufficient to meet all | Barden ces oh 30 30 “en rg-Warner. 37% 37% 373 ene 1944 needs, Joseph F. Abbott, presi- | pai uby . T 36 363 36%, + 3% h hi . 63 14 1 aene dent of American Sugar Refining S058 © o ih M4 08 Chrysler ..... B3% 83a 83% la , Curtiss-Wr .... 57s 5% 53% ... ., today called for changes in Douglas Airc .. 53 53vs 531s — 13 . Du Pont 1462 146'%, 156% .... | government policy that would pos Gen Electric |. 3613 335% 353% — 14 'sibly enable an increase in the Gen Foods .... 42% 43% 42% + Y% Gen Motors ... 58's 57% 57% =~ 3; domestic ration later this year. | Goodrich eee - 45% ih 44% — ha Goodyear .. 4 133 417g — 1 More encouragement, he declared | [Greyhound Cp. 21%a 20% 20% — la he annual report to stockhold- {Ind Rayon - 40 40 fo + la x Int Harvester.. 724 72% T2¥ — 1, ers nich showed the company’s |; Johns-Man .... 92% 92's 92's + la Kennecott oe 31 30% 31 — 13 [Kroger G&B .. 34'3 34 4. 4+ Yi |L-O-F Glass .. 447s 44% 447% — 3% |Lockheed Airc. 17's 17% 17% ... 3 3 3 -— The U. 8. government, Abbott ex- Loew's . vi 20% 100% Ta Mont Ward ... 46's 46's 46's + 3 [crop to be restricted, and the fail (Nash Kelv oh Rn ou B { Y C 1 19 3 154 > ve -IN entral .. 1 18 18% + Ys iprovide for war alcohol require |ohio. O11 0 18% 18% 1874 I i 8 Jia ~— 323, 32, 323% .... enney ....... 9 983 99 + 4 lvear of sugar “to the manufacture penn RR... 287 28% 28% + 1a hel o . 213 Ya 21's — ¥ (of alcohol. |reire: RE. 55% Bt mt i Want Less in Stockpile Pure Ol 1 loa 161s gia Loo [Ri «173 7 8 co. He further suggested that more | Repn Tob B.. hn a jsusar might be available to con- She BU Hn Wu Wi + its sales to Indiana sumers if estimated needs for sock-| Spr ie Bh fi Bh | piles were reduced and stockpiles $4 4 Beanie... «30% 20h 39% + be 4 4 yy ~- 2 ‘here and in tropical areas con-| sia oil (Ind). ih 32% 34 — % Oil ( J. 54 FU lsolidated for statistical and plan- | Texas Co ..... 48% 48's 43% —_% t-Fox.. 22% 22's 22! gi purposes. a Hubber. a sn a47a Hy U S Steel...... 3 52% 527 — la sty publicity and quick deci-| Thor Bros 133% 13% 13% i. Westing El.... 96 96 96 “os sions, Abbott added, however, gIW ES Ew Thy me 1m Zn should be avoided as to changes in {zenith Rad.... 36% 362 36% + Y

| outlook, for these are often tem{porary and may be overcome later. | “In reporting that present sugar

CHICAGO, March 9 (U. P.).—

on the Board of Trade today.

¢ quantities changed hands and the | mitial

[grain for alcohol.

1420 or $3.55 in 1942,

I year

At 11 a. m. wheat was unchanged

to up ? s cent a bushel; oats up % to “z, and rye up % to %. Wheal opened firm in light trade, early gains induced partly from strength in cotton. Only small

advance was erased. ruled firm from the outset. The arket. found incentive in continued talk of possible use of this Heavy selling of May failed to depress prices.

Rye

Commercial Credit Co. and subsidaries 1943 net profit $6,357,341! or $3.17 a common share vs. $7,068,-

Squibb & Sons and subsidiaries 6 months ended Dec. 31 net] profit $1266,463 vs. $1,052,225 a ago.

E. R.

ment for a girl between

advertising proofs to

of the day need apply.

See Mrs. Peters

214 WwW.

GIRL WANTED

We have an opening in our advertising service departmessenger and copy girl. to advertisers. Only a girl unafraid to be outside most

40- hour week. Working hours between 8: 45 a. m, and 5:45 p. m,, Saturdays and Sundays off,

The Indianapolis Times

17 and 20 years old to act as Job entails delivery of stores and general service

Starting wage, $17.50; 5-day,

on, Advertising Dept.,

Maryland St.

1 IN HAE mn

a The CHI 146 E. WASH

FTAA il

LOANS

TR ED Tm

RT it mm I I RET IG E thing! = on Everything! § I ITE.

Diamonds, Watches

Musical Instruments, Cameras = Clothing, Shotguns, Etc. =

CAGO on. |

INGTON ST.

lv -

of Morn COLES SEURNS

“LEON TAILORING co. 236 MASS. AVE, 3 tte 2iddte of

the First Block

i FTO Bee

# WE BUY. DIAMONDS

LILLY

MELEE LR EEN TEP ill Established 42 Yearsj

3-YEAR GUARAMTEE and 3-YEAR STORAGE ‘MARILYN FUR GO. 29 E. OHIO ST.

jment,” he asserted,

[needs cannot be met because Cuban

11942.

‘STATE UTILITY CUTS

supplies seem enough to meet increased needs of the armed forces, maintain the présent domestic ration, carry out the lend-lease program and provide necessary sugar for war alcohol, the American Sugar president had a word of criticism for the government failure to show interest in the purchase of blackstrap molasses when it was negotiating last summer for the 1944 Cuban output.

Call ‘Mistake Expensive’

“This mistake by our govern“was not only expensive, but may affect the sup- | ply of sugar for our wartime needs. It would be unfortunate if it should turn out that our wartime sugar

raw sugar had to be converted into | alcohol, while Cuban blackstrap last year was used, and in 1944 partially will be used, to supply rum and gin for consumption in this country. Abbott explained, however, that the U. S. since has asked Cuba to convert 800,000 tons of the 1944 Cuban crop into high-test molasses to be used for alcohol production here and, in addition, to reserve 200,000 tons of raw sugar for possible alcohol needs. The report disclosed that 1943 consolidated net income of American” Sugar Refining totaled $4,821,328 or $3.71 a common share, a

with $3,387,196 or $1.41 a share in

ITS STOCK LIABILITY

PHILADELPHIA, March 9 (U.

| commission today approved the

new high since 1934, and compared |

P.).—The securities and‘ exchange

LOCAL ISSUES

Nominal quotations furnished by IndianBid Ta

apolis securities dealers. Asked Agents Fin Cop com Agents Fin Corp pfd Belt R Stk Yds com Belt R Stk Yds pid Bobbs-Merrill com ........... Bobbs-Merrill 4'2% pd Circle Theater com . Comwith Loan 5% Delta Elec com Hook Drug Co com Home T&T Ft Wayne 7% pid. Ind & Mich Elec 7% Ind Asso Tel §% pid ... Int Hydro Elec 1% pfd.. Ind Gen 8erv ........c.e000s. Indpls P & L pid Indpls P & L ¢om Indpls Railways com ... Indpls Water pfd *Indpls Water Class A com...

eevee

Lincoln Loan Co 5'%% pfd.... 83 97 Lincoln Nat Life Ins com..... 33 37 R Mallory 4%" pfd....... 28 2713 /*P R Mallory com............ 22 233 N Ind Pub Serv 5'2% pfd..... 102 105 N Ind Pug Serv 6% 108 108 N Ind Pub Serv 77% .......... 118 Pub Serv of ‘Ind 5% ...,..00.. 104 Pub Serv of Ind com 18% | Progress Loundry com . 16 So Ind G & E 43 pid .. 105 Stokely Bros pr pf ..... 17% United Tel Co 5% ...cvvveeees 87 Lo... Union Title com ............ 27 Van Camp Milk pfd .......... 69 ...., Algers Wins'w Ww RR seive American Loan 5s 51 100 American Loan 5s 46 101 Cent Newspapers 412s 42-51... 95 82 Ch of Com Bldg Co 4's 61. 7 82 Citizens Ind Tel es 61 1 106 Consol Fin 5s 60 ......... 100 Ind Asso Tel Co 31458 70.. Coe Indpls P & L 3%s 70... 109 Indpls Railway Co 5s 67. 80 Indpls Water Co 3!2s 68. a 109 Kokomo Water Works bs '58..105 prev Kubner Packing Co 49 54.....: 97 100 Morris 5 & 10 Stores 5s 50....100 103 Muncie Water Works 5s 66....106 ..... N Ind Pub Serv 3 8 73....... 101% 103% N Ind Tel 4'28 55 .... ........ 87 90 Pub Serv of Ind 348 73....... 104 105% Pulp Tel 4%28 55 .. ........... 00 103 Richmond Water Wks 6s 57...106 ..... | Trac Term Corp 58 57......... 85 88 U 8 Machine Corp 58 52 ...... 99 102

*Ex-dividend.

‘Wonderful for Skin

and Scalp Imitation

| amended plan of

| Michigan Electric Co. to reduce its

common capital stock liability by $2,000,000 and to create a capital] sufplus account of a like amount.! The reduction of the liability would be made without changing the number of outstanding common shares, all of which are owned by American Gas & Electric Co.

Indiana and!’

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BUSINESS EDUCATION

Birong Acecotintin g. Bookkeeping Stenographic and Secretarial courses. Day and evening sessions. Lincoln 8337, Fred W. Case, principal.

| Central Business College $ Por hiteety and Builders puidng :

neylvania and Yom 8 pls.

120 E. Market St.

Kentucky A 1225 Kentucky Aveniie

i |

LOANS FOR TAXES

Available . at The Union Trust Company on Liberal Terms

have a cordial invitation to consult any Union Trust Officer about your credit needs.

THE UNION TRUST COMPANY

of Indlanpally

depositor or not you

- Phone MA rket 4341

venue ‘Branch’ Phone MA rket 9968

THE INDIANAPOLIS

Bill Jack, Cleveland War

,|Gold Res....

, | Debits

e| ARE UNCHANGED

|Top Remains at $14.20 as

8000 Porkers Arrive at Stockyards.

Hog prises were unchanged at the Indianapolis stockyards today in

of distribution reported. The top held at $14.20 for good to choice 200 to 210-pounders. Receipts included 8000 hogs, 950 cattle, 550 calves and 2100 sheep.

GOOD TO CHOICE Roas (8000) n-. 3-100

ceigsfesss

PstEaEeney

HHS

Moe 160- 220 pounds [email protected] Packing Sows

Good to Cholce—

+o [email protected] vee [email protected] . [email protected] « [email protected]

700- 900 pounds .... 900-1100 pounds .... 1100-1300 pounds .. 1300-1500 pounds

Medium—

CALVES (550)

Vealers (all weights) Good to choice .............. 16.00@ 16.50 Common to medium .......... 9.504 15.50 “yo iCull (70 Ibs. up) ...ieivil..o0 6.009 9.50 Feeder and Stocker Cattle and Calves Steers Chofce— 500- 800 pounds .....cev.e.0. [email protected] 800-1050 pounds ...eceeseeses [email protected] 500- 800 pounds ....eeveeeeee [email protected] 800-1050 pounds .. \

Medium— 500-1000 pounds

cevsercssseee [email protected] Common —

“U.S. STATENENT

WASHINGTON, March ¢& (U. P.).—Government expenses and receipts for the current fiscal year through March 7 compared with a year ago: This Year Last Yea Expenses ..$62,449,987,047 $49.221,000.477 War Spend.. 58,416,688,654 45346,111,7980 Receipts .... 25,796 545,401 9,791,463 457

Net Def..... 36,653,431,305 - 30,426,373,869 Cash Bal... 17,777,132,224 597% 090,578 Work. Bal... 17,014,354,889 4,308,492,034 Pub, - Debt S187, 395,047,345 119,318,432,17¢

21,690,092,584

INDIANAPOLIS CLEARING HOUSE Clearings

PRIGES ON HOGS]

moderately active trading, the office].

270- 300 pounds ....es [email protected] 300- 330 pounds «esses [email protected] 300- 360 pounds ....es 13.20 13.40 3. 400 Poands essserensess [email protected] Goo! 400- 450 ‘pOuUNAS s.esernecsss [email protected] 450- 500 pounds ..eeseeseres [email protected] Medium - 500 pounds . . [email protected] Slaughter ‘Pigs Medium and Good— 250- 500 pounds ......eve0ee [email protected] CATTLE (950) Cholce— Steers 700- 900 pounds ......ovenens [email protected] | 800-1100 pounds ..csvesee vere -15.95@ 16.50 i 1100-1300 pounds ...... teesnes 16.00@ 16.75 1300-1500 pounds ..ceseseee.e. [email protected] Good—

700-1100 pounds Froverenenen [email protected] 1100-1300 pounds vesseneses [email protected] Common— © 700-1100 pounds ......... oe [email protected] Heifers Cholce— 600- 800 pounds ........ sesss [email protected] 800-1000 pounds ....ecceee ves [email protected] 600- 800 POURS rueeervses. 14.00@15,00 800-1000 pounds ieee +o [email protected] Medium— 500- 900 pounds ...ecesvee.. [email protected] Common— i 500- 900 pounds ............ [email protected] | Bulls (all weights) Beef— Sood eu (all weights) ........ [email protected] us Good ......e..0n Ciraaene Lees [email protected] Medium ........oiian 10.0062 10.75 Cutter and common .,. [email protected] Cows’ (all weights) ood Yerererinenn .. .00 ium 50 Cutter and common 7

500- 900 pounds ....... cesses 8.00@ 90.25 Calves (steers) a. Good and Cholce— { 500-1000 pounds «....eviuveae [email protected] | Meghna 500- 900 pounds ............. [email protected] Ives (heifers) Good and Choice 500 pounds down ....eevens. [email protected] Medium 500 pounds down .......... [email protected] Jausage— Goo “ou .. 10.50911.50 SHEEP AND LAMBS (2100) Ewes (shorp) {Good and chalice .. ....... 1. 5g 8.50 Common and medium . ..... 6.259 7.50] LAMBS Good and choice « [email protected] | Medium and good ........... [email protected] Common .........veunirannnen Sil vo

i itary

22,643,504,725 | today,

Fast Book of Coops Shrs Rivalry of

- Old-Line Business Firms; Tax Fight Looms

(Second of Thre Three Articles)

By JOHN w. LOVE -_Seripps-Howard Staff. Writer WASHINGTON, March 9.—~Zealots in the cd-operatiVe movement look to the dawn of a new social order, one neither capitalistic nor socialistic, but the ‘co-operative commonwealth.” More conservative men, like the Washington leader of the farmers’ buying and selling co-ops, Ezra T. Benson, insist their groups are part of private enterprise, they believe in private enterprise, .and nobody ought to be alarmed. A leading middle-road philosopher, Murray D. Lincoln of the Ohio Farm. bureau, Columbus, O,, says the co-ops offer the best way of “getting more goods to more peo- | Ple,” and one way that monoply or regulation can be avoided and agriculture saved from the adverse effects of shifting national sentiment. Even so, old-line business competitors have formed the National Tax Equality association, and had some share in getting congress to pass the section of the tax bill requiring the co-ops to report their incomes. This year may witness an attempt to tax them,

Pass on Savings

The farmers’ co-ops, - like all {others, pass on to their members or put into their treasuries the net incomes on whigh competitors have to pay a tax. The latter are saying this explains the speed -of their growth lately—about 33 per cent in the last year. Only farm co-ops have this privilege of salting away income without paying a tax, City co-ops have to pay it on what they use for expansion purposes, Congress looks every year to see if it can sight some tax money among the “section 101 tax exempts,” the organizations which don't have to pay a tax on the ground

they are not profit makers. Among] {these are co-ops.and labor unions.

The joint committee on internal revenue has been hearing of how these and other organizations own apartment houses and office buildings,” the incomes from which elude

Mtr eb

Bowen butlding in Washington's “Wall Street” a Carpenters’ union property, the Machinists building here, and a couple of Engineers’ brotherhood properties in Cleveland.

_ Doughton Talks Tax. . The upshot of recent discussion was that congress decided to see what all these unreported incomes were, including those of chambers of commerce and foundations, But whether congress will tax them remains to be seen. Congressman Doughton, in his feport as chairman-of the ways and means committee, said, “It” is the

a thorough study of the information contained in these returns (those to be made in 1944 on 1943 incomes) with a view to closing this loophole and requiring the payment of taxes, and the protection of legitimate companies against this unfair competitive situation.” The response of the co-ops was immediate and vociferous. They make no profits, they insisted, only savings. * A buying group sells to its mémbers or the public at market prices and at the end of the year divides with its patrons what remains in proportion to the business done,

Left Wing Bitter

They already make returns, they said, on forms required by the internal revenue bureau before it will exempt them. But many co-ops make only an initial return and don't repeat, and even change their methods, Senator George said. The National Council of Farmer Co-ops advises members to report annually,

but not all do. The reports give some facts but not all congress wants to see, ‘On the basis of what the revenue collectors find out, a farmers’ enterprise now and then has to pay an income tax, or a tax on the portion

bers. Russell Smith, represeriting the, National Farmers’ union, the radical | Wing of the farm bloc, was pretty]

intent of your committee to make|

by which the business done for! {non-members exceeds that for mem- |

a nu

| Congress will find it hard to decline to levy a tax later on, he said, Not all members of the farm coops oppose the new reporting requirement, according to Mr,

says. : If congress does decide later to tax the income of the, purchasing co-operatives, officers of some of. them: say they will cut prices instead, and competitors will like this even less. As for the selling co--operatives, which have the larger end of the business but less opposi- ° tion from outside, an income tax might knock them for a loop. Competitors of the co-ops organized the National Tax ty as sociation last fall to get congress to repeal. the tax exemption, B., C. McCabe, a Minneapolis grain man with an animus toward the. plains co-op elevators, is president. Vernon Scott, well-known in Columbus, O., has been raising money for it, Offices - are in Chicago. Support Comes from dealers in feed, coal, lumber, grain and farm machinery, They are mostly Middle West middlemen who feel they are in the middle.

Object to Preference One of the association's objectives is to get the government to refrain from showing preference. to co-ops in the release of surplus commodities. It aims to keep an eye on the disposition of government property after the war, the operation of some of which the co-ops want to take

North Kansas City, Mo., the big enterpriser in co-op oil, alcohol and post-war chemicals, Rivalry between the old-line and new-line forms of business is likely to grow bitter as the co-ops expand and as they penetrate new territory or new trades. Some western members of the association, crowded by the co-ops, say the situation is “fast { becoming intolerable.” Other businessmen just sell out to the co-ops, sometimes on manage- | ment contract. They can't lick them, so they join them. Suctions and pressures are both {working to make co-op big busi-

the federal tax. These include the! bitter about the action of congress. | ness stil} bigger.

INT'L HARVESTER WILL AID VETERANS

CHICAGO; March 9 (U. P)— The International Harvester Co. has "started a comprehensive and integrated program of re-employ-ment and training of employees; « honorably discharged from the milservices, Fowler McCormick,

{ company president, announced to-

day. “It is the company's: objective to provide a job for every qualified Harvester veteran and to try to help every Harvester veteran qualify for a job,” he said. \, The program will be put into bperation in the company's 21 plants and 187 sales branches. More than 15,000 Harvester empldyees now are in the military forces and some already are beginning to return for employment following their discharge. Handicapped, returning veterans will be placed in occupations in which their disabilities will be no handicap, McCormick said. Veterans will be paid during training,

. WAGON WHEAT

to the close of the Chicago market Indianapolis flour mills and grain i elevators paid $1.63 per bushel for No. 1 red wheat (other grades rg ely merits). Np. 2 white oats,

9c, and No. 3 red os

$ 3,996,000 | 79c: No. 3 yellow shelled ori, $1.06 terseseraraearassaririnas 13,208,000 | bushel, and Ng. 2 white shelled corn, $1. 2.

BRICK FIRM LOSES — John

Brick Co., reported to shareholders today that despite a net loss of! $50,069 the company experienced! ‘considerable impfovement'’ in| working capital during 1943, and the post-war future looked bright.

ports that the Cudahy Packing Co. has planned to fille a new security issue with the securities and exchange commission are

treasurer,

‘REPORT “PREMATURE” — Re- |

ture,” according to P. B. Thompson, i

IN BRIE F—!TEXAS WAR PLANT

FOUND NOT GUILTY

Goodridge, president of the Illinois! WASHINGTON, March 9 (U. P.).

{—A 10-man, two-woman- district court jury returned a not-guilty {verdict late yesterday in the govjernment's war fraud case against

4 {the American Manufacturing Co,

[Ft. Worth, Tex. its ex-president, | William Gourley, and August J. | Gayouette,; former head of the malchine tools division of army ord-

“prema- |

| nance, | The government had accused the icompany of depriving it of “the

on, notably Howard: A. Cowden of *

NORGE IN CANADA—Howard E. |! faithful services of an army officer Blood, president of the Norge di- | which it ‘had a right to expect.” It vision of Borg-Warner Corp., today | further charged that Cayouette, announced that arrangements have now serving a prison term at the been completed with Addison In-! Lewisburg, Pa.. federal penitentiary, dustries, Ltd, of Toronto, for the accepted a $5500 bribe from the manufacture of a complete line of [company to expedite allocation of Norge products in Canada after the | British machine tools to it for the war, | manufacture of shells,

LOCAL PRODUCE

Heavy breed hens, 23c; Leghorn hens,

under § 23c.

Broilers, fryers and roosters. ibs. 26c. Leghorn springers, Old roosters. 16¢c Eges—Current receipts, 54 lbs, 28';c. Graded Eggs—Grade A large, 3c: grade A medium, 30c; grade A small, 26c; no! grade, Butter—No. 1, S50¢. 48c; No. 2, 46c,

and up:

Butterfat— No.

The defendants held that the {money represented loans and fees ito Cayoutte for technical services. They contended that the allocation {of the British machine tools did not 'harm the government but actually ded manufacture of essential

spee |ammunition because no other com-

, | pany would use the foreign-made 1, | tools.

. pounds,

FIELD RATION “K”-that’s what Joe takes with. him when he expects to be busy—too busy-to-get back to the ‘‘chow wagon’. Breakfast, dinner, and supper-units—a balanced diet of energy plus, everything from cheese td” chewing gum — weigh only two and one-half

“Kis the answer to one of the Army's toughest supply problems. ..a problem that grows bigger by the hour. For as Joe...and perhaps a million of his buddies take to the field, gigantic supplies of food must go with them.

Just consider—Joe eats three “'K" units a day...

BALTIMORE & OHIO RAILROAD

ue of wonionn Rairoashs: ul Hii fou iy

1 PROCESSED CHEESE with Bacon) 4 025.

one DAY oF “|” For Jo

Joeis multiplied bya million. That's threemil..... lion“K" units—two and one-half million pounds of food each day that must come from the U.S.A.

To care for this gigantic demand, Army shipments over America’s railroads are ‘‘hitting new highs’’...will continue to increase steadily

"as our armies attack and invade. ~

Thundering Baltimore & Ohio trains are racing over our 11,000 miles of track at history's fastest pace. 70,000 B.& O workers are *‘buckling down’ to handle a war load that staggers the imaginae tion. Its deliveryis our biggest single job today... and Wé nsdure you, it Wil arsive oi time!

: Benson, “We have nothing to conceal,” he

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