Indianapolis Times, Indianapolis, Marion County, 29 December 1944 — Page 8

Good and Choice 500 pounds down ........... [email protected]% Medium— 800 pounds down [email protected] SHEEP AND LAMBS (1700) Ewes (shorn) Good and choice . ...%...... 550@ 6.75 Medium and good ........... 375@ 5.50 LAMBS Good and choice ooo [email protected] “Medium and good Ge 115 @14 28 Common .......ccoannsnnsnnns [email protected]

PAGE'S

BUSINES

HOGS HOLD T0 CEILING. PRICES

Weights Under 160 Pounds Advance 25 Cents Here.

Hogs sold on the local market today at $14.80 per huidred pounds, the ceiling for 160 to 400-pound porkers. Lower weights rose 25 cents, the war food administration

reported. Receipts totaled 7800 hogs,

cattle, 425 calves and 1700 sheep.

625

GOOD TO CHOICE HOGS (7800) - 140 pounds [email protected]

arse bsveraen

140- 160 pounds 14 0614.2 80 160- 180 pounds 14.80 180- 200 pounds ... 14.80 200- 220 pounds . 1480 220 240 pounds . 14.80 240- 270 pounds . 14.80 270- 300 pounds . 14.80 300- 330 pounds ... 14.80 0- 368 pounds ....eevonee « 1480 fediu . Medium 220 pounds ......eeeeene [email protected] Packing Sows ood to Cho'ce— Con 300 pounds s..iriienane 14.08 . 300- 330 pounds ...ecenriens 14.05 330. 360 pounds ...eeiiacenn. 14.08 360- 400 pounds ..eesevenenes 14.05

Good 400- 450 pounds ...... 450- 550 pounds Medium - 350- 500 pounds Slaughter Pigs Medium to Choice~ 90- 120 pounds .........

CATTLE (525)

. [email protected] 14.00@ 14.05

[email protected]

. [email protected]

Choice 700+ 906 pounds 1650217.28 900-1100 pounds 16.50 @ 17.50

[email protected] [email protected]

«es [email protected] . [email protected]

1100-1300 pounds 1300-1500 pounds . Good— 700- 900 pounds .. 90041100 pounds ....

1100-1300 pounds .. .. [email protected] 1300-1500 pounds ..: . [email protected] Medium — 0-1100 pounds [email protected] 1100-1300 pounds . [email protected] Caamon~— 700-1100 pounds . .. cian [email protected] Heifers Choice 800- BOD pounds ......cevn00 [email protected] 800-1000 pounds ...... sesenss [email protected]

Good ano. 800 pounds ... ee [email protected] 800-1100 pounds ...sssessees. [email protected] Medium~ sssasees [email protected]

9.00910.25

d [email protected] Sodru 19. 2051. 25 ed oo common 10.00 Cann . 5.80 7.00 ‘Bulls an welrhin) Beet Good (all weights) «..eevuis 12.00913.00 a usage Belo stan fr vosrnns evens 11:[email protected] Meditin + .....orvuivanenesrs 10.0011.00 Cutter and common ........ [email protected] CALVES (425) Vealers (all weights) riood and choice .“ 18.50

Seton 4 and medium Feeder and Stocker "Cattis and Csives Steers

Choice

500- B00 pounds ....seesse.. 11.0013. 800-1050 pounds ..eceessesss 11.79013.00 Good 500- 800 pounds ..ecessevess 10,[email protected] 800-1000 pounds ..eesseecese [email protected] Medium 500-1000 pounds coceescosace [email protected] Common - | 7 « 1.500 0.75 Calves (steers) Good and choice pounds down ........... 11.26013.28 Medium 800 pounds down ...........s 9.00011.35

Calves (heifers)

INDIANAPOLIS CLEARING HOUSE Clearings

Detroit's Job ‘Changes With

Shift i in the Weapons of War |

sme By ROGER BUDROW ‘ONE OF THE WAR CORRESPONDENTS WRITING |

about the German counter-offensive reported that the Nazis have a bigger and better tank than we have.

That's the way it always is. First one side gets a new weapon, and then it is.topped by a better one on the other side. So it's only natural that we have a new tank coming out. It has moye fire power, mobility, protection and a wider range of operations than its predecessors General Sherman and General Grant. Chrysler and Fisher Body are starting proDetroit has gone

duction on it. through one such change after

another, in its war work. First it was tanks and guns; then planes, trucks and munitions, Next was the big bomber program and fighter planes, summer the huge B-29 job overshadowed everything else. Jet pro- "| pulsion and robot bombs may be

.| the big stuff this coming year.

And this doesn’t take into ac-

+...] count the secret weapons which are oe hush-hushed.

INDIANA UNIVERSITY officials are glad the OPA finally came

...|laround to thelr way of thinking’ land put ceilings on rents in Bloom""'lington,

The university was losing too many graduate students, whose slim salaries couldn't take any more rent gouging, plus the growing cost of groceries. They had to have more pay or leave for better-paying jobs elsewhere, The high rents scared away prospective faculty members. The rent roll-back to September, 1943, levels also includes university dormitories, fraternity and “sorority houses. A spokesman said the university had ralsed its dormitory charges a little some time ago because of rising food costs, but not its rent. The university owns only three houses, on land bought for future expansion,

there aren't as many in them as usual. Because of the drop in enroliment, about 75 per cent now live in. dormitories, fraternities or sororities compared with less than 5 per cent usually, ro» ODDS AND ENDS—Only one pane of. a shattered window can be ‘replaced in France at present because of the window glass shortage; and electricity for illuminating purposes is rationed. . , . Eighty per cent of the 710,000 tons of rubber used this year was synthetic, Goodrich reports. . . . About $500,000 will be spent rebuilding ‘Chicago's Hotel Sherman’s exhibition hall for a home builders show in mid-Janu-ary; it must be a tax deduction.... Don't use the V-for-Victory 3-cent stamp on letters to war prisoners in Germany, the postoffice warns: Nazis don't like it. . . . Shoe men guess. the present ration of one pair every six months will be stretched to one every eight months, now that the military share looms larger. . , . Speaking of rationing, the ban on two-pant suits has turned out to be & prize boner; when the pants wear out, the whole suit. is gone. Some think it was a neat (if selfish) trick of the suit industry under the guise of patriotism,

CURTAIL LICORICE CROP LONDON, England-Licorice cultivation in England is now confined to a few acres, because the land

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1939

THE INDIANAPOLIS ‘TIMES 1944 Gain of 10 Per Cent

1940 194)

1942 1943

The chart shows Indiana business ‘as it hit a wartime peak with a rise of more than 10 points in the past year. The expansion was related in part to the increase in war goods production and sixth war loan res were compiled by the Indiana university bureau of business esearch,

PENNSY WINS IN JUDGMENT

Pennroad Corp. Loses Suit For $22,104,515 in Philadelphia.

PHILADELPHIA, Dec, 29 (U, P.). —The third U. 8. circuit court of appeals, in a 2-to-1 decision late yesterday, set aside a $22,104,515 judgment awarded stockholders of the Pennroad Corp. against the Pennsylvania railroad and directed. that judgment be entered in favor of the railroad, Opinions by Judges Herbert F. Goodrich and Charles Alvin Jones held that the stockholders are barred by the statute of limitations from recovering anything against the railroad in the federal courts in Pennsylvania, Judge John Biggs Jr, in a 62page dissent, said the stockholders proved their case against the rail. road, and were entitled to an award of the full amount of their claims, plus any profits of the railroad from transactions where Pennroad funds were used,

Officials Organize Pennroad

Pennroad was organized in June, 1929, as an investment corporation by officers and directors of the railroad, In 1939 and in 1940, the Pennroad stockholders entered suits to hold the railroad and nine of its

Students living in private room- officers and directors liable for. ing houses will get a break also, but 105ses. through the investment of

*Ex-divid dend

U.S. STATEMENT

WASHINGTON, Dec. 20 (U. P.).~Government expenses and receipts for the current fiscal year through Dec. 37 compared with a ea Ago:

Shs ¥ Last Year Expenses... . .$47,311,356,166 + $43,810,256, 967 nosy Sp Spend. . 43, 118, 47,015 40,781,765,163 4 , 10,794,405,136 14,281,502 310 Net Der: . 27,516,860,520 34,528,753 516 Cash Bal . ae, 318, 005,998 13,386,943,351 Work, Bal... 21,552,108,405 11,624,108661 Pub. Debt. 231, 727,102,820 169,717,666,956 «| Gold Res.... 20,630,045,111 32,008,829,619

CHEMISTS TO MEET “The Indiana section of the Amer-

=|icann Chemical society will meet Tuesday noon at Hotel Warren to

| hear Dr. H. W. Murphy of Eli Lilly

& Co. discuss “Propylene Glycol.” |

trade under veteran exporters and Memphis manufacturers, as a result, are not afraid of foreign trade. They're ready to go at it in a big way, especially in the .Latin American countries, after the war. They have come to regard foreign trade not as a chartless maze, but rather just another {field which must be studied.

Down to Brass Tacks

This school in foreign trade, sponsored ‘by Memphis Internation center, didn't deal in generalities. In eight sessions it got down to brass tacks.

For example: A furniture manufacturer asked

own men to South America to represent him. He- was advised that some South American countries have laws whereby the representative of a foreign business must be a native of the land where he is doing business. Other laws require that a certain percentage. of the branch employees be natives. One manufacturer, who was proud of his trademark, wondered what luck he'd have in South America. He was told that he would have

whether he could send one of his

importers,

WU. S. Manufacturers Learn “Tricks of Foreign Trade

By GRANT McGEE Seripps-Howard Staff Writer MEMPHIS, Tenn. Dec. 20.—~If you can make a chair—or anything else—good enough to sell in the United States, you can sell it in Brazil. That's the way Memphis manufacturers look at foreign trade, a pursuit that used to be regarded as highly complicated. They look at it this way because they've just finished going to school, studying foreign

porter.

ordinance,

trade experts.

of South America with the representative of another veteran exOthers are thinking about pooling money to employ foreign They believe the possibilities for growth of trade with South American nations are virtually unlimited.

CHICAGO TO VOTE ON TRACTION ORDINANCE

CHICAGO, Dec. 29 (U, P.).—An ordinance authorizing the city to purchase the properties of Chicago's surface and elevated transportation systems for municipal operation will be submitted to the voters at a special election next June 4. Philip Harrington, commissioner subways and super-highways, urged gnunicipal ownership of the transportation systems in a letter to the city council and the council's traction committee directed the corporation counsel to prepare the

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RUSSIA SEEN AS " FUTURE BUYER

Fortune Claims Foreign Loan Ban Must Be. Changed.

2 NEW YORK, Dec. 29 (U. P.).— Soviet Russia possibly may» provide a “tremendous” post-war market for American industrial equipment,

but realization of this potential will depend on repeal or modification of the Johnson act prohibiting loans to nations in default on "previous debts, the magazine . Fortune .said today. : The publication foresaw Russia as a great economic power second only to the United States, but added ' it* was unlikely the . Soviet Union can be an exporting com.petitor in the world market for at least 20 years, Asking whether the Russians would pay for United States exports in .gold, or exportable products such as furs, caviar, wheat, lumber and iron ore, Fortune said “even if we assume that during the first post-war years the United States will buy a substantial part of Russia's annual potential exports, plus, perhaps, absorbing some gold payments, no approach can be made to the tremendous possibilities of U., 8. exports to Russia except on a credit basis.”

Russia Could Be Financed

“If,” Fortune continued, “Russia were to use the half billion dollars that it could acquire annually to

service a loan from American sources, the objective of a large sale of U. 8. goods could be realized.

“If credits. were to be advanced to Russia by private bankers, the Johnson act ‘prohibiting loans to nations in default on previous debts would have to be modified or repealed. At present, the AmericanRussian Chamber of Commerce, behind which stands the Chase National bank, is preparing a big campaign to effect that repeal. There is real steam in the prospects of private banking credits for Russia. Included among the goods needed by post-war Russia are airplanes, locomotives, machine tools, equip-

| |

to register his trademark in the Pennroad’s money in the purchase South_American countries to which N. St b of majority or controlling interests|De planned to export. » } . OCRS in six other railroads. It was con- Some Patents Disregarded Net tended this was done to ena . igh Low Last Change 1 4 efiale the Some Latin American nations do |Alis-Chal ..... 38% 38% “oe railroad to have a dominent position : Am Can ...... 8% 89 2° -1 in the railroad world. . Resulting not recognize American patents. Am LOCO onan 27 27% + 1% The prospective exporter from Am Rad &88 iis 11% 1A .... losses were approximately $95,000,000 Am Roll Mil -. 15% 15% + % it was ch: d America should study the patent AMT & T . aad 163% 163% .... | charged. Am Tob B 63% 68 6 + % laws as well as those of trade-|Am n ; ” Am Water W .. 8% 8% + % marks and employment before he|anaconda ...... wt Wu WH + CURTISS-WRIGHT prnges. snl foreign rade, Armen 20 ct mt mt vi] A manufacturer of drugs asked Au Refining .. 30% 30% 3 Rk about pricing his products for for- Bald Loco ct . 26% 33% 2374. rE 10 MAKE BIG PROPS eign trade. He was told that in Beth Steel .... 85a 854 85a + | some South American nations the BOTaeR . ..--- 33% 30 * on ra Curtiss-Wright Corp. announced people are accustomed to buying caterpillar W . g6% 204 Se + Jai today that a new production sched-|on prices set in multiples. For |cnigs ....... Ue 4% 4% TL ule for next year calls for quantities example, an article might sell at Gurtiss-Wr .... oi SN op Ia 1 . .e 2 - 8 of large propellers for ““America’s|12% cents, 25 cents, etc. They|py Pont .....156% 155 185% + 1% biggest, long-range warplanes, some simply don't understand about the Gen Blectrie Me Ba stil] in the testing stages.” American way of selling for, say, (Gen Motors .. 64% 63% 64 + % E. F. Theis, plant manager, said|13 cents, 15 cents and so on. Year Cp 31% pr 314 + “the change in aircraft production| In some areas the consumers have Ind Rayon ..®. 40% 40 04 + ia schedules and combat requirements, |so little money that they can’t af- [int Harvester ge a2 stressing equipment for long-dis-|ford to pay 25 cents for a package.|Kennecott . , 35% 31 + 4 tance bombers and transports to|American manyfacturers must pack RS, &'B we AnH 1 | carry the war to Japan has in-|in sizes that can sell for a few Lockheed Atrett a0 1% 30% + a creased the quantity of large Cur-|cents when dealing in these areas |iwun (Gienn) an Be aw In tiss electric propellers being as- Mont Ward .... 50% 50'a 50% — | sembled here.” Tariffs Levied Differently Nash-Kelv .... 15% 1%. 13 + 4 Nat, Biscuit ... 24 + | The change in production means| The question of packing was Nat Distillers . 36% 3° ® + " 250 employees will be released by brought up. Some countries base|Onio Of oo... 18% 11% 18° + ia) the end of this week. The NeW tariff on the weight of the ship- Packard . ..... 5% 5% 8% + a 3 1 schedules of production will “re- ment, including package and con- |penney” a 108% 10812 * Va main nearly constant” the remaind-| ents. Others base tariffs on the! Pheips Dodge .. 26Y 0% 28% +1 rocter & G .. 58 ) + % er of the year, Mr. Theis sald. value of shipment. There also is | pullman ....... 8% 47% 48 + the question of whether the ship- ere Ru 2" 10% Ju I nl LOCAL ISSUES ment will go by train in reaching |Reyn Tob B or 310 30% 30% ee wNomiIs, Susations furnished by tndi-|the South Ameritan consumer, of Sea" HE HI HE 1} ize by muleback. Socony-Vacuum 13% 13% 1304 + Y% ’ Bid Asked! Prospective exporters were told | 8% Brands er 12% 41% 28} + ih Afents ne are rd eeaane 0" '''[that Latin Americans set great store | |Std © Cal 8. 3% Bh Ayreshire Coll com............ 14'a 1813] on what they call “simpatico.” They 2 oll (Ind) ° BN Bh 31% 33% T 1 BR Bik Yis com......... © linsist on combining pleasure and (Texas Co ._... 40% 49 48% + % “Belt R Stk Ya s p fa. "| business. They will trade with those | 8 a Xo 50% 51's T 1 . err . 4 Central Boya com Pl 34% 36% who are affable, congenial, able to Wa tee a 80% 394 S01 + Circle Theater Lom al Los |B along with people. Westing El ...126 122 125 + 3 “Delta Bisc con oo 14w| Along these lines the trade clinics Zenith Red... 39% 3 38% + ‘Electronic Lab com . ! 5% | —gimilar to others held in St. Louis, | *Hook Drug Co com . 18 18% Home T&T Pi Wayne 1% pd ne .. ‘|Kansas City and Los Angeles— WHILE THE REST OF 10d 30 Tel 3% pha 108 oii. | Were conducted. | THE TOWN SLEEPS sIndpis P & L pid.. 115 Several Memphis manufacturers! HAAG’S ndpls & L com..... 19% Indpis Railways com. He me planning to go nto, forelén| ALL NIGHT DRUG STORE ndpls Water pfd . 105 ....| trade alter e war. urniture | Indple Water Clint A com .... 18% eee ufacturer is . ndi a repre-| 22d and Meridian Sts, Jeff Nat Life eom ............ 15 “ens manulac r 1s se ng Pp I8 PEN Kingan & Co pid Sts eshivelew' 80 64 [sentative on a three-month survey Kingan & Cocom ........ ... 2% 3 — Lincoln Loan Co §'2% pfd.. 87 . *Lin Nat Life com ......c.... 45 41 . ’ - *P R Mallory 4'2% ..oovuenne 27% 28's : ’ ! P R Mallory com ... 23% 24% | I *N Ind Pub Serv 5% 106 108'3 | hn S Pub Serv Ind 5% ’ .106% 108 | Pub Serv of Ind com tree 19% 21 | Progress Laundry com. ....... 16 “ee *Ross Gear & Tool com ...... 23 wn he (H ATS Bo Ind G & E 48% \ Stokely Bros pr pt 18% United Tel Co 5% — _| *Union Title com See These Unrede BONDS Algers Wins w RR 412% ...vv. 100 . Clothing Values Be merican an 6s 81 ........ 29 ee American Loan 5s 46 ......... 100 { You uy! Buhner Fertilizer 8s 54 on 100 | Ch of Com Bldg 44s 61 ..... 87 ‘is Oitisenas Ind 78 To dvs 81... 103 onso nds 0... LL Ind Asso Tel Sodus 0 ron oi] Hundred ® ndp's P&L 3%s 70 ee 107 garmen Indpls Railways Co 5s 67 ... 87 0 Indpls Water Co 3s 108% | select from! okomo Water Wks 5s 58 ...106 “vee If you really Kuhner Packing Co 4s 54 _.... 09 [Muncie Water Wks 8s 68 ....108 want & bar WASHING LON N Ind Pub Serv 3%s 13 ...... 104 . gain, seo these! 146 BE. WASHINGTON ST. _____ N Ind Tel 4's 88 . ...... 0% ; Fub Serv of Ind 3%s 13 ...... 108% ‘ “ Pub Tel 4la: 88 ..100 . — ; Richmond Water Wks 8s 67.. 108 . " 3 : Trac Term Corp bs “ wehahn " . & EEE Bl GLASSES ON CREDIT

q ie Cie Co Bay War Invasion Bonds FOR CAR OR TRUCK TIRES | } | CUSTOM-BUILT GEARED-TO-THE-ROAD Frankly, the tire ‘situation is very 6.00x16 serious and grows more so each day. So if you have a tire certificate or 1 6% plan to apply for one, get 2 tire that will deliver the longest, safest,’ most Plus Tax dependable mileage : eh Ni pha ure, TAKE UP TO in our opinion, is the Miller Geared-to-the-Road 1 ial. Tops i lit 6 MONTHS OFFICIAL OPA TIRE and value, on ors ERT re PAY INSPECTION STATION LET US HELP YOU MAKE TIRE APPLICATION

FRIDAY, DEC. 29, 1944

New Tot Plan Will Erase Old Adjustment Red Tapé

By ALBRO B. GREGORY

United Press Staff Correspondent

WASHINGTON, Dec. 29.—~The bureau of internal reven minded employers and employees that new withholding tax sghedules will ibe effective on all wages and salaries paid on or after

of the pay period covered.

Under the, new set-up, some taxpayers will find more/withheld from { their pay, some will find less and some will find no change.

vidual's full-year tax bill as finally computed will be the same as here tofore, but there will be less difference than at.present between what has been withheld and the amount finally determined as due. The lessening. of this disparity will mean that there will be fewer adjustments at the end of the tax year. There will be fewer refunds to persons who have:had too much withheld, and there will be fewer persons who must pay additional taxes because the amounts with held have been insufficient to cover their tax bills,

Eliminates Thousands of Returns

In addition, from 3,000,000 to 4.000,000 taxpayers will be relieved, under the new system, of the necessity of filing estimated returns next March 15 on their 1945 income although all still will be required to file final returns on their 1944 income. Estimated returns were required this year from single men or women with $2700 annual income and from married persons with $3500 income. Next year these low-limits will be raised to $5000 and $5500, plus an additional $500 for each dependent.

Narrower Brackets Used

The change in this estimated return requirement, however, does not change the provision that all persons who filed estimated returns this year must make their final quarterly payment, if one still is due, as well as any revisions of their estimated return by Jan. 15, 1945. Nor is there any change in the provisions requiring estimated returns from farmers and professional persons such as doctors or lawyers who make $500 or more and from wageearners whose total income may be

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below the $5000 and $5500 limits bus who earn $100 or more of that in- ! come from non-withholding sources. Deductions undgr the new schedules will more pearly approximate the actual tax opligations. This will + be accomplished by use of narrower brackets in the withholding schedules than at present. Schedules in effect this® year provide brackets covering each $5 up to $30 a week, and blanket a $10 range into each bracket above $30.” ‘The new schedules cover only $1 in each bracket } up to $60, then $2 in each bracket fi up to $100 and $5 to $150 and $10 | above that. For example, this year’s schedules , provide a single bracket covering weekly income of from $30 to $39.99. A single man with no dependents anywhere in that category has $4.60 withheld from his pay, whether he earns $30 or $39.99. When the final reckoning is computed, it turns out, under this system, that the taxpayer on the lower end of the bracket. has overpaid his taxes while the taxpayer on the upper end of the bracket will find that he still owes more, Under the new system, a single person -with no dependents who makes $30 to $3099 a week will find $4.10 withheld while the J similarly-classified taxpayer who makes $39 to $30.99 will find $6 withheld. 3 The $40-a-week and $49-a-week | single wage-earners now have $6.60 withheld. Next year the $40 man will have $6.20 withheld and the $49 man, $8. The $40-a-week married wage earner paid $4.20 a week tax and will pay the same next year, but the $40 man with a wife will pay $6.10, rather than $4.20 ai WAGON WHEA2

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