Indianapolis Times, Indianapolis, Marion County, 1 February 1945 — Page 24
Business iw
' SEC Wants Curb Over Stock Advisers Who Retort 'Public
Won't Think for
By ROGER BUDROW ~
“NOT A FEW OF THE STOCK MARKET MEN smiled * Broadly,” reports Elmer C. Walzer, United Press financial editor, “when Ganson Purcell, chairman of the securities and exchange commission, asked congress to amend the securities act to give the commission power over investment
advisers
“These market mén said. Purcell's move goes to prove what they've right along, namely, that the general public doesn't pay any at-| ——tention-to the maze of available informa- | it merely
said
market tion;
tell it what
buy, when to buy, and when to sell.| reported that the
“Purcell
time is ‘particu-
4 MILLION OWE
Those Who Chose the | Installment Plan.
|
WASHINGTON, Feb. 1 (U. P).—
{ {
larly appropriate sme four million Americans were
for the adoption of amendments pecause after the war many persons
being reminded today that they owe income taxes for 1942 or 1943 which | must be paid up on or before Marche
will be solicited to buy corporate se- |,
eurities with their excess cash and the proceeds of their redeemed | . bonds!
“The market community isn't par- |
. $icularly eager to have a buying "push from the so-called outside public spending its bond money for stocks, It recalls the world war I boom which ended in the 1929) Those who lost because they | didn't study things criticized the stock exchange generally and their shouting was reportedly the big rea-| gon for the securities laws which) followed a long list of investi gations.” ” 2 8 THE SHORTAGE of freight cars has caused 500 carloads of, tin sheets to pile up -at the Gary steel mills. This didn’t happen overnight because of the embaigo, but has been accumulating over a long period. Unless some of it fs shipped out within a week or so, officials will slow production.
” » 5 TODAY'S PAYROLLS are no longer simple affairs, reports the] Natibnal Cash Register Co. There | are at least 31 different kinds of pay you can get, it finds, but 42 or more different kinds of deductions to reduce that check. Kinds of pay include that for swing shift bonus, advance daywork, seven-day bonus, night bonus, individual and group incentives, inventory work, vacation pay, ‘Saturday overtime, etc. . Deductions include those for soeial security, war bonds and withholding taxes, Community and War Fund, etc. » s » "AN “AGRI-JEEP” has been de-
These are the persons who chose (the installment plan to meet the
Itself’
1942-43 TAXES.
WakNS, Someone 10 March 15 Is Deadline for
RAW NS
By FREDERICK C. OTHMAN United Press Staff Coirespondent WASHINGTON, Feb. 1—John Van Ginhoven, a little guy with larngitis, croaked his story into a senatorial microphone. . Chairman . James Mead of the war investigating committee tossed him a cough drop, but it didn’t seem to help. John's voice grew weaker. Everybody in the caucus room strained to hear him, including Jacob Goldberg, a New York auctioneer whose face became scarlet and stayed that color the rest of the afternoon. “I'll simply introduce John, a $5600-a-year engineer government's Defense Plant Corp., and let him tell his tale here in his own words. He'd gone to Cleveland, O., to look over a supply of surplus building materials that the DPC was getting ready to sell, and there he met Goldberg and a Mr. Moss. ' From now on, John does the talking.
— THE, INDIANAPOLIS TIMES
Lush Job Offered for Surp ” Sale Favors DENOUNCE 0PA
“I WENT upstairs in the Hotel Clevelander to see Jake Goldberg and this Mr. Moss. On the dresser were two bottles, one of liquor. The other might have been gin“gerale. (Chairman Mead asked if there was any ice) “There also was a pitcher of ice. Yes, I ‘had something to drink. I had gingerale. We had a very pleasant conversation. Goldberg said our men were doing a marvelous job. Then he told how he had been a liquidator for years; ‘how, when nobody else could sell bugles after the last war, he had advertised them in Boy Scout
“magazines and sold them all.
“SANDWICHES were brought up, and coffee. Goldberg sent a suit of clothes down to be pressed, and we got to talking about families and children. Goldberg said the war soon would be over, and there would be big money for- engineers like me. I said I hoped so, because I wanted to
thousands. of - army .
La THURSDAY, FEB: 1, 1945
buy a little P to raise my children. He sald if T wanted a mortgage maybe he could arrange it. Moss said Jake was a very smart fellow. I said I guessed I wouldn't take advantage of that offer. “Then we got to talking about how his organization could liquidate our surplus materials. Goldberg said he needed men to select the material. He said a fellow like me didn't make much money. s 8 = “I SMILED benevolently, He
said his proposition was strictly
—legal. He said he would take
a number of us on his payroll. He said we should be worth ‘$15,000—or $20,000 a year+ His purpose was that I would recommend that his company take over these materials. I would quit the Defense Plant Corp. and then go on his payroll, “He suid he would train us. said for me to remember that this was a big thing; that it would
He
‘amount to billions, He also sald to remember that I was in position to lay stones in his way. He said I could report for him, or report against him. He said he could take care of me in a nice way, or in a nasty way. I became very much concerned.” - » ” 2, any THAT ABOUT covers Van Ginhoven's' testimony, except that he went to headquarters and urged his bosses not to have any dealings with Goldberg, Later on, he said, he was amazed to learn that Goldberg was auctioning off féderal properties. Goldberg, a portly citizen with ‘white -hair-and black eyebrows; squirmed on a round-bottom chair, His face, ears, and neck soon —turned-red, and he still was-leans-ing forward to catch the testimony, when Chairman Mead .recessed the& hearing for the day. I asked Goldberg whether he cared to comment, He said, unsmilingly, that he did not. The hearing will continue. Goldberg will get his chance to testify.
'44 Sales Drop, But Profits Up
NEW YORK, Feb. 1 (U, P).— Johns-Manville Corp’s. 1944 sales
{unforgiven portion of their 1942 or 1943 income tax bill. The bureau] of internal revenue reports that | | mailing of statements—‘duns” — is: being completed by the various collectors’ offices. In 1943, congress decided that in {connection with inauguration of the
dropped from the previous year because of manpower shortages while net income increased by $1.12 a common share, Lewis H. Brown, president, told stockholders today in the annual rert. He said that while orders for
| withholding tax system, taxpayers | would be exempted from payment {of 75 per cent of their 1942 or 1943) tax, whichever was smaller. In most cases the 1942 obligation was the| smaller. Half of the unforgiven portion was due and payable last March 15, and the remainder on March 15, 1945.
1944 Tax Forms Exclude
Provisions for payment of the final instalment was not made on the 1944 tax forms. This was prin-
50 million taxpayers are -affected. The bureau said it wanted to keep its new simplified form as simple as possible and that to add to it would | have. caused too much confusion. {So separate reminders—statements
of amounts due—were sent to all 2
who still. owe. Persons receiving the statements must-pay, even though they may be entitled to refunds on their 1944 tax hill which would more than offset the amount shown on the separate statement. refunds as provided on the 1944 form, but they may not credit them against what they owe as the “unforgiven” obligation. For the great majority of taxpayers there will be but one form to file on or before March 15—the annual return. For others there will be the payment of the deferred tax
cipally because relatively few of the|
They may claim their Borden
war and essential civilian products continued at high levels last year, many plants were in areas of critical labor shortage with the result that 1944 sales dropped to $101,211,499 from $107,418305 in 1943 and $108,021,383 in the record year of 1942. Net income last year rose to $5,476,213 or $6.39 a common share from $4,655, 280 or $5.27 a share in 1943.
‘N.Y. Stocks
Low 41% 90% 28%, 13% 16% 159% 88%, 9's 30% 8% mm 34 25%
High 41% 1 . 28% . 13%
t 4
1a Ys
Last C 4
+5, o
+: ++:
Armour & Co.. Atchison «eo Atl Refining .. Bald Loco et .. Ben Ind Loan..
1+: ++:
+41
Caterpillar T .. Ches & Ohio .. Childs Curtiss-Wr .... Douglas Aire... Du Pont ....... Gen Electric .. Gen Foods .... 40 Gen Motors ... Goodrich Goodyear . Greyhound cp : Ind Rayon . Int Harvester . 7
tH
Yl 1 W
Atl
%
veloped by Willys-Overland for farm use. They will sell for around $1000. Some experimental models are farmed out now for rigorous tests. . » ” ' INTERNATIONAL =~ DETROLA Corp., whose Libby machine tool division, is on W. 21st st. here, plans a commercial television station at Detroit, where the main offices are. Government approval Is being sought. ‘ y #2 =» ODDS AND ENDS: Stock trading fast month (39 million shares) was
the largest since September, 1839, when the Nazis swarmed into Poland. . . From 300 to 400 statuettes of tin. white metal and lead can be cast with rubber molds, Brit_Jshers find. . . . Margarine makers hope to capitalize on the butter shortage to get congress to remove restrictive taxes: on margarine. Never-say die! . . . Some shipments of coffee from South America had trouble finding dock space at New York and then were delayed further by the railroad situation; but it still looks like the big South American producers are holding back, trying. to get U. 8. to pay more. Some sugar dealers wonder where their supplies, ordered weeks ago to be ready for the new ration coupon valid today, are being held up; they ‘suppose shipments were sidetracked for munitions freight.
DYE PRESIDENT OF FUNERAL DIRECTORS
Richard H. Dye of Flanner & Bu- _ ghanan Mortuary has just been ' elected president of the Indianapolis Council of Funeral Directors. Other officers chosen for the coming year are Carson C. Jordan, vice president; Charles H. Leap, treasurer, and Frank E. Johns of the Usher Puneral home, secretary.
RAILROAD DEMAND CLIMBS WASHINGTON, Feb. 1 (U, P.).— Military demands on the railroads will “in all likelihood” be greater this year than in 1944 regardless of European war developments, Director J. Monroe Johnson of the office of defense transportation, said wn
¢ ‘PRESCRIPTIONS’
Accuracy, Integrity, purée materials, immediate attention, J rae. media prices.
b
> |
1
< Brookshire Pharmacy Co.)
4 217 North Pennsylvania St.»
To Keep Valuables Safe Rent a Safe Deposit Box at
* THE * INDIANA NATIONAL BANK
bill and the filing of a declaration of estimated 1945 income.
Business News:
.Black-Clawson - Co., year ended] Sept. 30 net income $291,608 or $2. 34(N a common share vs. $400,604 or $3. 33) in 1943. Burkart ‘Manufacturing Co. year ended Nov. 30 net income $352,694) or $2.56 a common share vs. $528,-| 820 or $3.76 in 1943. International Detrola Corp. year
$2.25 a share vs. $1,191,500 or $3. 53] in 1943. Leslie Salt Co. year ended Oct. 31 net income $563,536 or $2.42 a share | vs. $574,013 or $2.46 in 1043. Railway Express Agency, Inc, 11] months ended Nov. 30 $366,952,337| vs. $318,792,212 in 1943.
SWIFT & CO. GRANTS $20,000 TO PURDUE
Times Special
LAFAYETTE, Ind, Feb. 1.-—
~~ |grant of $20 thousand has been
made by Swift & Co-of Chicago to the Purdue university agricultural experiment station for research on
dustry in the United States,” Direc-. tor Harry J. Reed of the experiment station, said. Swift & Co. made the grant on the basis of a proposed project for research. submitted by the univer-
economics. The Purdue specialists. will be free to conduct the research, independently and fo publish any material theif studiés may develop. The project which will cover the | soon as qualified men become avail- | able,
VULTEE GETS NAVY ‘PRIVATEER’ ORDER
. 8AN DIEGO, Cal, Feb. 1 (U. P.).| —~—Consolidated Vultee Aircraft Corp. has been awarded a new contract for $40 million worth of Privateer PBY-2 navy bombers, James L. Kelley, manager here, announced today. Kelley stated that present contracts for these long-range, fourengine bombers will not be completed until late this year, and the new contract will carry production into 1946.
MARSHALL RESIGNS WASHINGTON, Jan. 31 (U, P.)— War Food Administrator Marvin Jones today announced the resignation of Lee Marshall as director of the agency's food distribution and vice president of the Commodity Credit Corp. He will return to his position as chairman of the board
= put. OF-PAWN
o's SUS & TOPCOATS
10f The Continental Baking Corp.
ended Oct. 31 net profit $1,103,300 or |g.
“the “Future of the Livestock In-|
the company's division |
| the East Indies. bs
Johns-Man Kennecott . Kroger G & B . L-O-F Glass Lockheed Aircft 1 1
a a | 8
= s 3
Hive
Loew's ar Martin (Glenn) Mont Ward ... 1 Nash-Kelv -..... 16° bane R { Nat Biscuit ... 1 Ya | Nat Distillers. . 1s | N Y Central .. Ohio Of ...... Packard Cavers c= 8 tn | Am Air .. 33% - 32% 33 ly 528, . Fd Ys
+++ |
CHA
| Pnerps Dod . . Procter & : 8% 57% — %s! | Pullman 3s | Pure Oil | {Repub Stl SH | Reyn Tob B .h
Servel Inc -... + ul | South. 1 oy accu ni th . std Brands. od i8td O Cal.....
| Std Oil (N I. Texas Co 20th Cent Fox.. |O 8 Rubber. J {U8 Steel...... 60% Warnet Bros ..
131%
GRIEVANGE
i
aieh | % Va Ya 2 %
60a
14 121% 40%
ty
EH Zentin * Rad 40
PLAN FOR °: FOREMEN IS URGED -
WASHINGTON, Feb. 1 (U, P.)— A special war labor board panel} recommended today that—12 large war plants and shipyards be ordered to establish grievance ma-| chinery for their foremen and su- | pervisory employees. The WLB was expected to use| the panel report as the basis for making good Chairman William H. Davis’ promise “to do something] for the foremen . of America”—a|
L sity’'s department of agricultural | nromise he made several months Good and choice
ago to striking supervisory em- | | ployees of the Wright Aeronautical | |Corp., Patterson, N. J. | The panel findings were regard- |
ed as of far-reaching--consequence {to American industry and partially |
national labor relations board which refuses to order employers| to recognize or bargain with fore-| men’s unions. Employers contended that the establishment of grievance pro- | {cedure was tantamount ot recognition foremen's unions but the WLB panel said these were “unfounded.” The report said that the grievance procedure should include the {right to appeal the immediate su-
| |
| perfor’s decision to higher manage-
hear grievances, decision within a week, and communication of decisions to the complainant in writing. The panel refused to order an appeal to a referee or arbitration as the terminal point in the procedure because “higher management should. not be required?’ against its will to pass over to out siders questions of disciplining foremen, .or their selection, advance- |" ment, retention or transfer.”
SPICES SPUR EXPLORERS NEW YORK-Spices have played an important part in history; the European demand for them caused notable voyages of: discovery, including the first trip of Columbus to the West Indies .and the 1498 Portuguese trip around Africa to
MOTHERS AT SIX WEEKS CHICAGO-—Female meadow mice
have their first young when about
|G
i | Chotce—
| Cutter and common
ment, regularly designated time to|;
NO CHANGE IN PORKER PRICES
WFA Reports Light Local
Receipts Today as Hogs wat
Sell at Ceiling.
The war food administration reported light receipts on an active | market here today. Ceiling prices were paid with 160 to 400-pound hogs bringing $14.80. The WFA set receipts at 3800 hogs, 1100 cattle, 400 calves and 1500 sheep.
GOOD TO CHOICE HOGS (3800) - 140 pounds . cr. $14.00@ 14.50 | pounds .. [email protected] 180 pounds .. 4.80 pounds .. pounds .. pounds ..
Medium — 160-.220 pounds Packing Sows
{Good to Choice ~
270- 300 pounds .. pounds .. pounds .. eo POUNAS .ecvasenneses pounds .,..eecees0:. 14.00014.05 pounds .. ve... 1400014.05
500 pounds [email protected]
Slaughter Pigs
| Medium to Choice—
90- 180 pounds .
CATTLE (1100) Steers
2 | Cholce—
700- 800 po 900-1100 pounds 1100-1300 pounds 1300-1500 pounds 00d — 700- 800 pounds .. 900-1100 pounds .. 1100-1300 pounds .. 1300-1500 pounds Medium 700-1100 pounds 1100-1300 pounds Common 700-1100 pounds
ve. [email protected] ve. [email protected] . [email protected] [email protected]
enn [email protected] ees. [email protected] |
Heifers
600- 800 po 800-1000 pounds Good-—
600- 800 pounds . 14.00015.00 800-1000 pounds ... [email protected]
Medium . sesstunenenns [email protected] [email protected]
5.00 16.00 15.25G 16.35
800- 800 pounds w Cows (all weights)
. .. [email protected] .. [email protected] evauaues 8.00 11.00 6.75@ 8.00
Good ...., Medium
Canner
Bulls (all weights) Beef— Good (all weights) Sausage— Good Medi... ara Cutter and common ..
CALVES (400) Vealers (all weights)
Good and choice . cieseses 11.50@ 18.00 {Common and meditm .... . 10.00@ 17.00 Cull ‘ [email protected] |
Feeder and Stocker Cattle and Calves Steers
Cholce— 500- 800 pounds iis 1000 pounds
[email protected] cesesssenins 11. js 00
S00. 800 pounds «er [email protected] 2 1000 pounds .. + 10. 8G11, 5
[email protected] --1.50@ 8.15
Soo 1000 pounds .....eee Common— 500- 900 pounds ..........xx Calves (steers) Good and choice— 500 pounds down Mediums 500 pounds down
X Calves (heifers) Good and choice— 500 pounds down Medium 500 pounds down ‘ SHEEP AND LAMBS Ewes (shorn):
Good and choice .. | Common -and medium
11.25013.3 [email protected]
[email protected] (1500)
jas 16.00 Medium and good ns 3.00015.00
Plan Probe of Army Purchasing
By Scripps-Howard Newspapers WASHINGTON, Feb. 1.—Twin in{vestigatibns into the shortage of! news photographic materials ~were in prospect today as complaints of waste and excessive purchases by e armed forces reached members of congress, Senator Harold H. Burton (R. O.)
{said he would ask the senate war
investigating committee to inquire into army and navy acquisitions of film and print paper to determine whether they have exceeded requirements. Rep. Lyle Boren (D. Okla), chairman of the house interstate commerce subcommittee which investigated the newsprint shortage last year, said he would examine the photo supply situation if his group is re-established in .the new congress. : Senator ‘Burton, member of the war investigating subcommittee
» which has been inquiring into sur-
pluses, said he has received complaints that the services have accumulated large stocks of film and paper while newspapers and news picture serv ices are having difficulty in obtaining enough for their minimum needs. Complaints also have reached the Ohioan that quantities of materials are being consumed by the armed
00 | 20d in excessive printings,
LOCAL ISSUES
Nominal quotations furnished by anapolis securities dealers.
STOCKS
Agents Pin Corp com Agents Fin Corp pfd Ayrshire Col com Belt R Stk Yds com Bobbs-Merrill com ..... Belt R Stk Yds pt . Bobbs-Merrill ol pid . .e Central Soya com Circle Theater com .
Electronic Lab com Hook Drug Ce com 1 Home T&T Pt Wayne 70% ptd “Ind Asso Tet 5% pfd 10 Ind & Mich E 2a HP Indpls P & L ptd . ‘Indpls P & L com v Indpls Railways com .. Indpls Water pfd 10! Indpls Water Class A com .... Jeff Nat Life com .. *Kingan & Co pfd Kingan & Co com Lincoln Loan Co 5%% Lincoln’ Nat Life com
50 P R Mallory 4%2%
P R Mallory com ..... N Ind Pub Serv 5% .... Pub Serv Ind 5% rr Pub Berv of Ind com .. Progress Laundry com ... | Ross Gear & Me com ... 80 Ind G&E 4.8% Stokely-Van Camp pr ot. United Tel Co 5% Union Title com .
Algers Win'w RR 4%: % American Loan 5s 51 .. American Loan 5s 46 .. Buhner Fertilizer 5s 54 Ch of Com Bldg 4%s 61 . Citizens Ind Tel 4%s 61 Columbia Club Ai . ‘ Consol Fin 5s Ind eo Tel oo 34s 0 Indpls P & L 3's 70 Indpls Railways Co 5s 67 Indpls Water Co 2%s 68 Kuhner Packing Co 45-54 ..... N Ind Pub Serv 3%s 73 ...... 104 N Ind Tel 4'2% 55 . . Pub Serv of Ind 3%s "3. Pub Tel 48 55 . ion Trac Term Corp 8s i U 8 Machine Corp 5s 53 *Ex-dividend.
services in producing pictures of no| value to publications, in duplicates
fos P.).—The Co-operative Refinery as2 | sociation today took over 68 mid‘|west producing oil wells and 4375 %a| acres of undeveloped oil leases whicn 19 | Adair-Mofto: 108% | nership. /
«| Hook’s Dependable
U.S. STATEMENT
[AGENCIES DENY |:
RUMORED CHAIN
‘Nothing to Story, 300,000 Workers Would Run Retail Sales.’
By Scripps-Howard Newspapers WASHINGTON, Feb.
agencies, active ih the disposal of surplus ‘war property, today denied published reports that they are planning to set up a huge nation-wide retail organization to sell consumer goods outside regular trade channels. Rumors that either the new three-man. surplus” property board or the treasurey department's procurement division was considering sich a plan have gained wide circulation here. ‘As a result, some members of congress, calling the scheme contrary to the Baruch report, have declared they would oppose it. One story was ‘that the new board itself planned the vast undertaking and that the plan called for hiring 300,000 workers to run the retail organization. However. a spokesman for the board said there was “nothing to it.” Under the surplus property act, {the treasury procurement division {is charged with handling surplus consumer goods. . One congressman declared he would protest to War Mobilizer Byrnes-if any of the five govern-
.| ment disposal agencies should set
up a large retail organization. Mr. Byrnes, rather than the board,” has recently fixed policy for disposal of
"| surpluses.
TAKES OVER OIL WELLS KANSAS CITY, Mp, Feb. 1 (U.
recently purchased from the
n Co, a Wichita part-
ONE APPLICATION loose fit
Ere [133] 2
FIT LIKE | NEW WITH
1.— Two,
{do about it?” he continued.
‘who realized they* would be unable
FOR PUBLICITY
Norge President Cites Case, Of Stove Concerns. Hit By Bowles.
NEW YORK, Feb. 1 (U. P). Howard E. Blood, president of the Norge division of Borg-Warner Co ce of price administration as a “highly skilled propaganda machine” whose facilities for publicity on the radio and in the press caused businessmen “to feel helpless and stand mute.” Speaking... at —a- meeting - of the American Management association finance conference here, Blood pleaded the cause of the businessman “who is called an inflationist and a profiteer whenever he dares raise his voice in protest against OPA’s publicly announced profit squeezing intentions.” Conceding that the OPA rendered businessmen a service by. preventing runaway price inflation, he went on to explain that problems of reconversion and postwar employment in manufacturing and distribution will be on the shoulders of businessmen who cannot provide for employment if profit ratios are squeezed to the extent threatened by the OPA.”
‘Don’t Consult’ “When any industry looks ahead to the days of reconversion and, in
dismay, contemplates the effects of such a profit pinching policy on its ability to do its part in re-employ-ment and in getting the producing and distributing machine going at the tremendously increased rate necessary to provide all the needed jobs and then finds' the powerful price control bureau deaf to the economic facts what can industry “OPA is supposed to work out some of these problems in consultation with industry. Do they do it? No.” Blood described the predicament of .a few small stove manufacturers
to pay wartime wages and increased material prices. and simultaneously sell their goods under OPA policies.’ He told how these men banded together and decided the public and congress should know something. of their plight.
Defends Economists
“When Mr. Bowles (Chester Bowles, OPA director) heard what these people were going to do, he spoke on the radio. He said: ‘Recently a pressure group scheme was brought to my attention which illustrates vividly some of our problems in holding the line against inflationary price increases. These minority groups of inflationists and profifeers used: every possible method to influence public and congressional opinion to get higher prices
. Detroit, today denounced the|
Detroit Gets $1 Billion Job
DETROIT, Feb..1 (U. P.).~New war orders, amounting to nearly a billion dollars, will be alloted to Detroit war plants, regional war production board chairman Care sten Tiedeman sald today. ; Tiedeman said that $511 million | in war work already has been as- | signed to 40 plants by government | procurement agencies and that | the balance of the contracts were | expected to be awarded in “the | immediate future.” i
they sold in war time. ~ Bowles later implied that a number of economists were improperly influenced to lend weight to. these | men, thereby. -aspersions on some of the best regarded and best informed economists in the _coun=
try.” Hits Co-op Lékns
Charging that Bowles had no basis for his charges, Blood urged | that “some sense enter into this | question of post-war prices of durable consumer goods and other goods and. other goods similarly mishandled by the OPA" He suggested that price ceilings be held on scarce goods at a point which would absorb the unavoidable increases in cost and prevent the inflation of profit margins and still} not eliminate or substantially reduce profit margins. “Under such a general policy, business could go! ahead with that confidence which must be created if we are to see the bold and swift reconversion we all want,” he said. 3 Blood also urged that “the government should not bé permitted to] extend discriminatory or socialistic} favors to any particular types of business and that hte co-operatives be made to stand on the same come petitive basis as other forms of manufacturing and distribution.” ! “For co-ops to get a large part of | their capital from-excessively long| government loans at practically no| interest puts government capital] into competition with private busi! ness. For the government to favor! co-ops in taxes adds to a tr¥nd to socialize bifsiness,” he concluded: 5
INCORPORATIONS
Orleans Parm and Supply, Inc., Orleans; agent, Charles Leon Johnson, Orleans; 500 shares of $100 par value; to deal in harde ware, to do a general plumbing business, building supplies and Slectrical Avplics; Charles Leon Johnson, Vance E, Worrell. Binco Automatic Music Co., Pmt. Wayne; dissolution. The Keagy Investment Co., Hagerstown; | dissolution, Gross Meat Packing Corp. Petersbu agent, James L. ‘ross, Petersburg; 1, shares without par value; James L. Gross, William Gross, Helen Gross, Carl M.
ray. a James L. Gross Co. Inc., Petersburg; agen., James L. Gross, Petersburg; shares without par value; to operate frozen food lockers and Groceries, meat markets, etc; Jama es Gross, Helen Gross, Carl M. Gra Ace Tool & Mfg ‘Co., 100% Mill st. Mishawaka; agent, Charles L. Ritter, 230 Washi n st. South Bend; 1500 hI without par value; Martin Ameling, ster Bennett, Willlam 8. Parmley, James “A. Cunningham, Alfred Nordin, Nationa! Industries, Inc, Muncie; amendment increasing capital stock to
Ine.,
for the products or services which
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WASHINGTON, Feb. 1 (U. P.).—GC
pared with a year ago.
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HULSEN TO ADDRESS SALES EXECUTIVES
The Indianapolis Sales Executives
entire country will be initiated as circumventing the policy of the council will meet at the Athletic
club ‘Monday evening, .Feb. 5, .at 6 o'clock. The speaker will be R. B. Hulsen, | manager of sales, personne] and training at the Moorman Manufacturing Co., Quincy, Ill. His subject will be “Predicting Sales Buccess From the Interview.”
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.67 per bushel for No. 1] : oats No 3 white or No. J red, wheat (other grades on their testing 32 Ibs. or better, 60c; toi No 3 2
ellow shelled, aha. and No, 3 oT nes Ws old oo
$1.24 LOCAL PRODUCE
Heavy breed hens, 240. Leghorn nens,
Brotiers, tiyirs and Soanern under & bs., white and barred rocks, 8c Old roosters, 1dc. Begs—Current receipts, 34c; grad large, 38¢c; grade a median, 36c¢; de A
mall, 28¢; 80c: Butterfat—No. 11] 49c; No. 3,
BED « BUGS
ROACHES
Use SHUR-DETH for Quick Results
Year Last Expenses $56, 253, 483,804 War Spending 51, hy 194,007 Receipts * ..... 23,749,509,523 Net Deficit . 32, 07 073,871 qa Balance. 19,822,200,014 Bal.. 19,059,203 430 Paha ebt . . 233,711,036,528 Gold Reserve.. 20,540,722,234
INDIANAPOLIS CLEARING HOUSE
Clearings Debits
ov. érnment expenses and receipts for the current fiscal year through Jan. 30, com-
Year $52,244,125, 310 48,701,856,582
10, 174,081, 174, 449 21,917,914,011
19,121,000
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of org aoLes VANS
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BUSINESS EDUCATION
Strong, Accounting, Bookkeeping, Stenographic and Secretarial courses. | Day and evening sessions, LiIncoln 8337. . Case, principal.
Central Business College Architects and Builders Buildin
SRB
Amott Exterminating Go.
Wolf Sussman, Inc,
Pennsylyania and Vermont Sts., ato.
Fonanr 8 Buchanan.
Semicon
BURTON, MRS. EFFIE H.
HARDEN, MRS ~BESSIE MAB DINKLE
HARRISON, FOREST B.
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DEATH NOTICES Indianapolis Times, -Thurs., Feb. 1, 1945 ALDRIDGE—Dorothéa (nee Ruffin), 37 years, wife of William Aldridge, daughter of Mr. and Mrs. Roscoe L. Ruffin, sister Prancis Ruffin, Tuesday-p. m. Funeral Priday, 2 p at the or H. Herrmann Puheral Tole: 1505 8. East st. Friends invited. Burial Crown Hill, Priends may c4ll any time.
ALEXANDER-—-Thomas. age 65, Husband of June Alexander, father of Mrs. June Coughlin, 8/8gt. Thomas L. Alexander, South Pacific; grandfather of Robert and James Coughlin, brother of Mrs. Addie Essigke, Mrs. Carrie Neaf, Mrs. Bertha Patterson, Caleb, "Joseph and Jack Alexander, all of Indianapolis, passed away at his residence, 1029 Groff ave, TEENY: a. m. Service Batufday, 2 Conkle Funeral Home, 1034 Ww. " Michigan. Friends invited. Burial Crown Hill, Friends may call at funeral home after 2 p. m. Friday.
BAKER—Joseph Allen, husband of Elva: father of Joseph Paker, AOM third class, Patuxent, Md. Mrs. Frances Monroe of Shelbyville; Juanita, Robert, Patty Ann and Billy Baker; brother of Mrs. Lucy Trisler and Charles Baker of Harris. burg, Ky. Mrs. Mary Linn Preston, Miami, Pla., p away Wednesday morning. Services Saturday, 10:30 a, m,, Little & Son Puneral Home, 1001 Main st., Beech Grove. Burial New Crown Cemetery. Priends may call at the funeral home after 7 p. m, Thursday.
BURTON-—Mrs. Effie H, 1720 New Jersey, mother of D. Raymond Burton, sister of Mrs. Zack Wright, North Vernon, Ind. passed on Wednesday afternoon, Services: Flanner & Buchanan Mortuary, Friday, 3. p. m. Friends invited. Cremation at Flanner & . Buchanan Crematory. CLEM—Leona P., age 38 years, beloved wife of Edward Paul Clem, mother of Paula and Donald Clem, sister of Mrs.
Carl Elliott, Clarence illo 3nd Paul O'Connor of Laf ssed
away ussdn neral ra tay. Iiving Bul pel, pel, 8371 urial Chapel. i an may call at’chapel any time,
ORAMER—Adam V., 64 years, father of Martin Cramer and Maybelle Penniston, Lottie Baron of a
DEATH NOTICES 1 Indianapolis Times, Thurs. Feb. 1, 156 i, 198 GORDON—Elizabeth Fout of 801 Coffey st., formerly of Madison, Ind., bel mother of Ruth Hiatt, William, Charles and Henry Pout, pas away Thurs day. - Services Saturday, 10 ». m, st her son's home, 815 Coffey st. Springdale cemetery, - Madison, Ind. (Madison paper please copy.) blossom service. fends may call after 9 a m. Friday at the home, HARRISON-—Forest E., husband of Helen Kennedy Harrison, son of Mrs, Oscar Harrison and brother of Mrs. J. T. Hughes, passed away Tuesday. Service at Flanner & Buchanan Mortuary, Pri. day, 10:30 a. m. Priends inv} ne tombment Washington Park Mausoleum, Friend may call at mortuary. (Noblesse. ville papers please copy.) . HOFFMEYER—PFrederick Elmore, husband of Grace E. Hoffmeyer, father of Keith E. Hoftmeyer, grandfather of Jean Mile ler, passed away Thursday morning. Service Baturday, 3:30 p. m., at the Hisey & Titus Mortuary. Burial Crown Hill, Friends may call at mortuary, JOHNSON — Mrs. Luels Wellinghoff, of 2729 N. LaSalle st, beloved mother of Mrs, Ethel Hurley, and 8/841. James Maurice Johnson, U. rmy, and grandmother of H, Frank Hurley, pharmacist mate 3/c, U." 8. navy, and sister of W. A. Wellinghoff, New Ore leans, La. passed away Wednesday m. Friends may call at the Robert Obert W. Stirling Junere) home, 1420 Prospect st., after 6 p. m. Thursday, Short services Friday, 8 p. from the funeral home, Prieta invited. Services Saturday, 11 m,, Coatesville Methodist church. Burial Btilesville cemetery.
LOWER-Oliver Clinton, a 01 | husband of Mrs. Maude er, fathrs. of Mrs. Elizabeth Kle inger, brother of Prank Lower, Arcadia,’ Ind. away Tuesday afternoon, Funeral from! Shirley Brothers Central Chaps), 946 N. Illinois st., Friday, 10 a. Burial Dunkard cemetery, Arcadia. Priends may call at the chapel any time. | MASTROPAOLO-—Adele, wife of mother of Olindo, Albert and Charles Mastropaolo, Sie of Tel maco and Romolo Elena Mancini, all of Ta of Palmira and Angel died Wednesday in St. Prancis h Services 8:30 Saturday from the a” Mortuary, Meridian at 10th st.; ® a. m,, Rosary church, Interment St. Friends may call at) the mortuary. MONTGOMERY--Donald Allen, | beloved ne fant son of Mr. and Mrs. e Monte omery, grandson of Mr. 2 Mrs. Jesse arrett, and Mr. and Mrs. John Mon
Saturday, Feb. ited.
O'CONNELL Asis 58 yrs, beloves sige ter of Francis J. and A . O'Cone nell, Jasmed & away erat | ? a Satur am, at G. H, Ts 3 Home, 1505 8. East st, and 9 a. m, Bt. Patrick's enireh, “Friends inyited, Burial Holy Crom, Friends may call after 7 p.m raday, PRICE-Harry E., husband of Ma , father of Helen, John, Harry Jr
Collum, passed away Thursday | Funeral notice later. J. C,
Ani Otis, 46 8, beloved husband
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passed away ay, Sgt 2 Peal 1 poral Pack.
Wi Saturday. 1:30 1:30 p. m
al Home, Priends invited. Baril Feinie may call after 4 p..m. Friday. . | STEW Hubert 41 years, Nite aT Hu! Stevan,
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