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

[email protected]

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] |

[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]%

[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

FUNERAL DIRECTORS

BLAS

- x GA.

5 | FUNERAL DIRECTORS

Are Well Planned . . . Distinctive

Elegant surroundings and courteous service. An attendant on duty night and day. Use of chiipel and organ no extra cost. Private ambulance service day or night.

Blasengym Funeral Home

2226 Shelby Street If No One Answers, Member Moose Lodge No. 17

500,000 shares of $1 par value. 8

ENGYM FUNERALS

But Not Extravagant

SOUTH SIDER

2570 Call MA. 3321

INSURANCE on Personal Property 00 @ single insurance policy

thet protects you from fhres toads

SURGLARY-+ THEFT - FIRE

WASHINGTON, Feb. 1 (U. P.).—GC

pared with a year ago.

Common 5 [email protected]

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

GRAIN DEALERS

MUTUAL AGE!

Oldest Loan Brokers in "a State

The CH

LOANS ==

146 E. WASHINGTON ST.

on Everything! Diamonds, Watches

Musical Instruments. Cameras

JEWELRY Co, Ine.

ICAG

BUSINESS

You Save Because We Save Men's Suits & Overcoats

$ { 8" 2 | a8 24"

CASE CLOTHES

215 N. Senate Ave. Upen 9 to

of org aoLes VANS

LEON "TAILORING co.

235 Mass: Ave, ‘5%, ode

EE rere:

DIRECTORY

We Buy Usable Wire Garmentz Hangers at 10v yer bundle ut 102

TTI

Sibi

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.

See completa notices for time and date of funeral

Fonnnen 5 Bucuanan 5 wWisY atl, "nn"

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

y! of Julia i r of ban Py De [J Eri 3 oe are Ourtrude

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,

Wi

| DEATH Ni

i LOST

THY SDA Nomis ry oF 1

uriale P Floral I Park, NERAL DIREC

IW. T. Blasengy)

CONKLE FUN

§ gos w . Michigan Bt.

| FARLEY FUNER

+

PLANNER & B Creek Boulevar ————a——

BERT S.

Prospect St.

§. EAST ST.

-HISEY &

IN. Delawars St — SHIRLEY BI $84 N.munots "ROBERT W. Prospect

0. Wilson “CHAPEI 1234 Prospect St.

"& FOUND

LoST Man’ s brown 4 jaining fdentification Fla, address Slack at MA-7331. X58 Black snake-sk 1 ling, at Indiana { ward, HU-4158 T--Black cameo r 1adies' lounge. Kee man. Reward. FR. LGST- Novelty SQUATE d; oi from hus d.. Call evening ST—Brown purse, 8 town. Finder keep, { articles, please, 1 Fost Min's brown by lon, papers Beck MA-16 Lady's vellow ‘watch Return 2414 CH -50 82, get rewa T rority pin; Pl i Ohtlo Bon Market on | _etal reward. WA-65 IST—Tan pigskin i papers, valuable onl i RI-5 = er S JAIge | ed stone pin, Bul 6216: EosTi Vicinity 5800.

XosT Sai ‘male, b No

i. rier Re oward, IR:

park ST Big, white do : May be injured. R

J OST ~Pers lan cat, « ~3279

i

Pair gold rim: 27th-Merid]

Phono R “0 INSTRUCTION. SL

“LEARN BEAUT INTERNATIONAL FE E Demands for skilled | PR Iauarn under REE SHAMPOO [Wednesday from 10 a, ta) Cold Wave Perm orice International Wash, st

HELP WANTED — Experi

BILL C

Essential industry . eration, full-tim - good starting ‘required. Apply !

W. J: HOLLI

%* BOOKK To assisy general tablished organizatic ral knowledge - of villing to accept | pempany is new de put we will resonvert fuction after the w me. We prefer a and 40. Phone Mi appointment,

sa

T CASHIER FOR

Hours 10:30 a m. t Week: 40 hours. Y. nnsvivania, «

Chemical 1 Assis

training. o : IN CHEM i not employed in ess LINK BE 220 8. F our interviewer a Berv ice, 257 Ww. White or colored Pood salary. Experi necessary. CLAYPOOI

CLER

Permanent posi production control te in figures; exp périenced,

Htchel & Scot 1841 Li

* CLER + 2 COST CLERK Xiu 1 enc ATO! of § on DRAP TSMR @ood wages; 5l5-de

Rar jrovr insura . Hoffman Sp

1001 Yo LERK— General Of

Permanent With Post-V

al Silk Hosi

634 N. !

Cler

A permane PURCHASI! ideal work own CAFE

Heloomb &H ’ 1545 Va

min CLE ye * Beginner co ALSO 1 7 Some knowledge of ry; age limit 30; 5 pILice; Sesential, App

[foor, Indiana Farm A850, 47 8. Penn.

With

- Gomplomel

ust be ‘experter lary based om

Call Harole Lif Ext. 235

k- Gomptomets 18 te

“To Do Tutetestl Wyping Required; Be

NATIONAL HO

_ DESK ih ples

* beauty salon. a Mrs, N

L. $, AYR JERIENCED

Tor cafeteria, 6 d . o ‘ Apply St, Clair ENVELOPE - OPER/