Indianapolis Times, Indianapolis, Marion County, 22 March 1946 — Page 18

Federal Revenue Bureau Bills Columbia Club for ‘What Appears to Be’ a Deficiency.

Money spent for improvement and maintenance of an enterprise usually is exempt from U. S. revenue taxes but if you can't get materials for the improvements is the reserve fund set aside for the project taxable? "This is one of the questions behind the surprise claim made by Uncle Sam Sor PE appears to be” a $99, 000 deficiency in taxes o the Columbia Club Bang Corp... -% The building corporation owns the property on the Circle we}

£. OF C. MEETS

leases the building to the fhe Colambia AT FRENCH LICK Club .,» which is a differen ganization ” apart from the a gr thereby hangs a tale of com. n_ Ta Pil TD i Broome 2 Day Convention Starts from the U. 8. revenue department Tomorrow.

the qualified bill for $89,000. Federal revenue department officials are not sure they can coilect it, but having issued the de- yi) nolq their two-day semi-an-ficiency claim the burden is now|,;,) session at French Lick tomor- | of on the building corporation direc- | ow and Sunday. tors to prove that the firm doesn't ones ¥ Carroll, Indianapolis, ! owe it. | Chamber president and Presidens One of Many lof the Indiana Bell Telephon Building corporation officials will preside at business a! wouldn't be quoted about the tangle, 'peginning tomorrow afternoon. but indicated that that claim prob- | ably was based upon rentals the club corporation retained as a reserve fund for post-war rehabilitation. . One official of the building corporation indicated the directors feel | ‘sure that all proper taxes have been | Evansville, ‘paid on revenue actually received congressman who now by the corporation, law in Washington, D. C. government notice merely | The guest speakers and three] stated that a report received from | former presidents of the Chamber | | revenue examiners on taxes for 1943 | will be honored at a dinner Saturand. 1944 “shows a tax deficiency | day. i | The former presidents |thair Teetor, Hagerstown, | Ruthenburs, Evansville, and Dea ‘tions involving the lub. It wen H. Mitchell, Hammond. into receivership several years and stockholders were in ts four or five years. . Then there was a re-organization | out of which grew the Columbia

Directors and officers of the Indiana State Chamber of Commerce

Honor Presidents The program also includes Gov-| ernor Gates; Hobart Creighton, speaker of the state house of representatives; Frank T. Millis, state] treasurer, and John W. Boehne Jr. former eighth district] practices!

are LoLouis | n!

RAIL TRAFFIC DOWN

FROM LAST YEAR

claim.

cent from the level of the corre- | sponding 1945 month. INCORPORATIONS February trafic amounted to Justus Contracting Co., Inc, 1013 46,000,000,000 ton-miles. Compared | Ror with two years ago, the ‘decrease real | was 22'; per cent, but nearly double

en uo Henry! the volume of February, 1939.

ANTS KNOWN FOR VALUE!

You'll look different

ustus, |

this spring in" an alluring, feminine way, wearing a

ONE-BUTTON

CLASSIC 4s

——2 Completely

| | | I

| vance

| for ! Packard will build engines for the [small boat market as well as a | larger marine engine

the International

This is the new Dodge that features 60 design and engineering changes, The former include blended front fenders and more streamlined rear fenders. The massive grille is of stainless steel with more

widely spaced headlamps and parking lamps.

redesigned arrangement of name,

The rear end has a lighting and license mounting.

The new hydraulic brakes require one-third less foot pressure, Safety

rim wheels, plastic wrapped and

oven sealed wiring harness and

new fuel tank filter bars aré also among the engineering changes.

4850 Porkers Received Here: Market Is Active and | Sready

_ Trade on the 4850 hogs received today at the Indianapolis stock« yards was acfive and steady, the U. 8. agriculture department said. The 625 cattle were quotable steady, but the receipts were poorly tested in a clean-up type trade. Unchanged prices also prevailed on h the 350 calves and 425 Sheep.

OFFICIALS RENAMED BY UTILITY IN STATE

Times Special |

HAMMOND, Ind, March 22.—All directors and officers of the North- |g ern Indiana Public Service Co. were] re-elected at meetings yesterday. The directors also declared the| quarterly dividend of $1.26 per| share on the 5 per cent preferred stock payable April § -to

stockholders of record March 30. Directors renamed were Dean | H, Mitchell, president of the firm, Edward D. Anderson, David L. Bement and Averill C. Colby of Hammond; Clarence W. Bader, Gary;

{

Jay Samuel Hartt, Chicago; Walter | g,.4

J. Riley, East Chicago; Philip T,|

Sprague, Michigan City, and Walter canner

W. Walb, Ft. Wayne. Officers besides Mr. Mitchell in-

PACKARD TESTS JET AIRCRAFT ENGINE

DETROIT, March 22 (U. B).— Packard Motor Car Co. is experimenting with jet propulsion aircraft engines at its Toledo plant and the Willow Run army air base, President George T. Christopher disclosed today He also revealed in a special adstatement from the company's 42d annual report scheduled distribution next week that

than those { produced for all PT-boats during | world war II. The jet propulsion facilities, | Christopher disclaged, are wholly government-owned, and the work

ha under government contract.

Ap ————————

"EVANSVILLE PLANT «* "ELECTION ORDERED

WASHINGTON, March 22 (U. P.).

| =The national labor relations board

today ordered an election at the Inland Container Corp. at Evans-

{ville, Ind.; to determine a collective | bargaining agent.

The NLRB said the employees would choose either the United | Workers of America (C.I.0.) ‘union,| Electrical Radio and Machine Brotherhood of Pulp, Mill

Sulphite and Paper

| Workers (A. F. of L), or neither.

LOCAL ISSUES

i | | { +

Nominal quotations furnished oy nd |

| anapolis securities dealers: Styled for | OCKS Bid. Asked . Agent Fin Corp oh aan a> 0 *Agents Fin Corp p an Spring Wear A States pfd vane NB {Amer States cl A .......0... 33 | Amer States ¢l B.. ....y.... 33 L 8 Ayres 4%% pfd......... 97% 1% ® + Pp Ayrshire Col com 9 31% Belt R Stk Yds com ........ 38 40 La est astel | Belt R Stk Yds pid a so ci | *Bobbs-Merrill 4'2% pf Shades | Bobbs-Merrill com ........... 12 ny Central Soya com fg 62 {Circle Theater com ....... 64 | Comwith Loan 5% pid ...... 105 y Cons Fin Corp pfd 97's * 100% W ool Delta Electre com .......: ih 19 | Electronic Lab com BY Ft Wayne & Jackson RR ‘ptd 105: 2» 108% Herfi-Jones Co cl A pid ith... . Home T&T Ft Wayne 7% pid 3 { "Hook Drug Co com Sizes 10 to 18 nd Assoc lel Co 2 pfd 51a Ind & Mich Elec 4'3% pfd 111% 113 | Indpls P & L pid 112 114 | Indpls P & L com 0s 30%, ‘Indianapolis Water pfd 105 Indpls Water Class A com 20% Nn ‘Indpls Railways com 19 20 | Jeff Nat Life com . ...... 15% 1 THE NEW SPRING Kingan & Co com .......ces 8 9 [Kingan & Co pfd ... ....... 95% 100% | Lincoln Loan Co 5% pfd ..... 99 | *Lincoln aNt Life com 60 1, | lp R Mallory com .... ...eec0 344 36% | Marmon-Herrington com ,,..., 15% 16'% 4 | Mastic Asphait , 11 | *Natl Homes com ! {N Ind Pub Serv 5 113% J | Progress Laundry com saenan 1300 pr ! Pub Serv of In 4 ‘ The coat you ve been Pub Serv of Ind com 4204 My looki ina 20% pha LL.1 hla 11a Bo In " pid ..... ng for | Stokely-Van Camp pf ANY 22% | Stokely-Van Camp com ..... 32 33% | *Terre Haute Malleable .. 8's Pa i | U 8 Machine com . 3% 4 {United Tel Co 6% ....... ” es : Union Title com ll... $3ia Bonds | | Amerigan Loan «as 85 ...... 97 ever! ’ { American Loan 4%s 60 ...... 97 eres] | Buhner Fertilizer 5s 54 .... . 98 eens] ' |Ch of Com Bldg 4%s 61 ..... 9% + 4. ‘| | Citizens Ind Te Si 8 61 eee. 103 ass | Columbia Ciub 1%s bs ...... 82 es paler immaculate tail | Faapis Bab dis 10 ie ndpls 8:0 senses ‘iv Bchievs the crisp coon In pb Raley CotrliT nd Assos Tel Co 38 15 ...... . : e crisp clean line |Indpls Water C0 ios 08 ..... 106% 108 | | Kuhner Packin 8 . yi love in’ a Shortie Coat, {N'Ind Pub ery 315s 13 rd | Pub Berv of Ind 3%as 75 10 110 | : fairly sings—New for |Pub Tel alas 66... 00 { In bla k od Fy van Corp Ja i se 20 k: - illiamson Inc bs eR i : i; Ck an pas | *Ex-difidend

You Save Because We Save Men's Suits & Overcoats

5 | L§ 75. 2 | 5 24"

CASE CLOTHES 215 N. Senate Ave. Open 9.to §

| 500- 800 800-1050

i 500-1600

GOOD TO CHOICE HOGS (4850)

Butchers 120- 140 pounds verdes. [email protected] 146- 160 pounds [email protected] 160- 300 pounds . 14.86 300- 330 pounds .. + 14.856 330- 360 pounds .... « [email protected] Medium

160 220 pounds Packing Sows Good to Cholce—

. [email protected]

270- 300 pounds ............ 14.10 330- 400 pounds ......e..... 14.10 +000 — 400- 450 pounds .........e00 14.10 Medium— . 250- 550 pounds .. [email protected] Slaughter Pigs Medium to Good90- 120 pounds [email protected]

CATTLE (625) Steers Choice— 700- 900 pounds [email protected] 00-1100 pounds oe JN Suds)s. Hl 1100-1300 pounds . 17.00@18 1300-1500 pounds 17. 00@ 18. 08 | 00d ~~ Oped 800 pounds 15.50 @117.0 900-1100 poun is . 16.50@17. oe | 1100-1300 pounds . 15.75@11. % 1300-1500 pounds 15.75@17 Li 700-1100 pounds .......c.e0.. 13.50@15. 80, 1100: 1300 pounds . [email protected] mmon-— Goo: OG pounds -......... ... [email protected] | Heifers Choice | 600- 800 pounds ........... [email protected] {| 800-1000 pounds ............ 15 25@ 16.50 Go ig = 800 pounds .....eeev0rs [email protected] | oo. 1000 pounds ...........» [email protected] Medium 500- 800 pounds .......... . [email protected] | Common 500- 900 pounds [email protected] | Cows (all weights) . [email protected] Medium 11.00@ 13.00

tter and common Bulls (all weights)

eefBod (all weight) ........ 13.50214.35|

WASHINGTON, March 22 (U. clude Mr. Anderson and Mr. Be- Sausage Good 12 1 vg Building Cop aeiiich leased, , the Association of American | ment, vice presidents; Walter A Medium 10 Sy Li 5 Building co a directors Railroads today reported that the|zMcDonaugh, controller -and secre-| Cutter and tomo 2 00@10 | “« said they will on next week to volume of freight traiic dled by tary; Fred E. Thacker, treasurer; Good and YES it [email protected] DN etermine what action will class I Jellzgeds i February, meas- | Irving E. Pasan, assistant secretary, | Common ATS ND ; 11.00G17.40| ured in ton-miles of revenue and Edward M. Alt, assistant treas. |[Culls taken in Tegard to the deficiency freight, decreased about 17 per yrer. Feeders and SRker Tattle and Calves

Cholce— 600- 800 800-1060 Good

pounds pounds

13.50 13 30@15. 00 |

12.00®@13.50 |

paesssananne

Medium— und : . Choice and closely sorted SHEEP (4235) Ewes (Shorn) Good and choice Common and medium Lambs Choice and closely sorted .... Good and choice

[email protected] 15.7

i san 50

[email protected] | [email protected]

Indianapolis flour mills and grain

No. 1 red merits); oats, No. white or No. testing 34 Ibs. or better, 78c; yellow shelled, $1.11 per bushel and No 6

THE INDIANAPOLIS TIMES This Is the New Dodge |

elevators are paying $1.73 per bushel for wheat (other grades on Wei 2

corn, No. "3 jutiding materials from this coun-

|PRE-FAB HOMES WERE EXPORTED

'U. S. Clamped Down.

By NED BROOKS Scripps-Howard Staff Writer y WASHINGTON, March 22 (Us),

—Twenty-two thousand pre-built and paneled houses were shipped abroad before the government clamped down on foreign sales to help meet the housing shortage in this country, export reports showed

today. The office of international trade this week added prefabricated

houses and parts to its restricted list, but officials said the export curb has been in effect since the completion of shipments to France. The last of the French government's order of 8111 units was shipped within the last six weeks. Earlier, the ‘government 10,000 pre-fabs to Great Britain under lend-lease and supplied France with 4000 barracks from surplus temporary war housing. The latter were shipped in panel form for re-assembly. French Paid Cash

The British had ordered 27,000 units early last year but only 18,000 had been produced and only 10,000 shipped when the deal was cancelled with the suspension of lend=| lease. | For the 8111 surplus units sold to | | the French, the federal public hous-

sent

22,000 Sent Abroad Before 3

Meetings

Industrial Safty Club

W. Dean Keefer, Chicago, will be .4guest speaker at the dinner of the Industfigl Safety club of the Indi-| anapolis Chamber of Commerce Safety council Tuesday in the Lincoln hotel. Mr. Keefer is vice president and manager of the safety engineering department of Lumbermen's Mutual Casualty Co., president of the American SoEngineers and a director of the National Safety council. He also is author of a number of industrial safety publications,

Mr. Keefer ciety of Safety

Chemists Robert L. Ardner, Ardner & Ardner, Engineers, will discuss “Or-

ganization for Industrial Research” at the luncheon of the American Chemical society Tuesday in the Warren hotel,

Scientechers “The United Nations Organization” will be discussed by John K. Ruckelshaus, local attorney, at the Scientech club luncheon Monday in the Claypool hotel.

AUTO DEALERS HEAR CREDIT FIRM HEAD"

{ing authority: received $6,945,000, or |about $855 a- house. Including contract termination] |expenses, the houses cost FPHA | {$1580 apiece, or nearly $28 million |

for the entire lot sent to both [sales of Universal C. I. T. Credit that farmers have |conviction that the administration!

countries. Lend-lease shipments to|

America must fight infation| {through mass production, Alan G.| |Rude, vice president in charge of

|Corp., told ‘members of the Indiana

FIGHTS CONTROL

ON FARM RM PRICES

[Thomas Will Try Try to Curtai OPA Powers.

WASHINGTON, Mar, 22 (U. P.). ~—Chairman Elmer Thomas, (D. Okla.)

price control act to remove all farm products from OPA control. Thomas said he believed 90 per cent of the -farmers are opposed to continuation of OPA: extend price control another year

until June 30, 1947, is now before

the house banking committee. Thomas made his statement yesterday after farm group representatives testified b#fore his committee that they were considering: a “farm strike” for April 1 V. H. Johnson, of Edgar,

Vigilante committee, contended

that the average farmer can't make

expenses under OPA. If the agency does not relax its rules or if congress does not act,

crops or ship crops now fields.

Has 2 Aims

Thomas, indicating a general

~~ |drive by farm-state senators to kill | {or sharply restrict the price control

bill when it reaches the senate, jeaid he would work for two things: An amendment removing all tar products from OPA control. 2. An amendment requiring the {government to compute the cost of | farm labor in setting parity prices. Thomas said his mail

(Britain accounted for about $15/Automobile Dealers association to- iS unfriendly to them.”

million and the loss on the French] {sale to nearly $6 million. FPHA officials said the French deal was negotiated because .it was | decided that the houses were |suitable for use in this country | their existing form.” The units were square structures with flat roofs and contained living room, kitchen, two bedrooms and

8 Sod 11.00 bath. The $1589 cost included $284 ing to be replaced. (for, uninstalled plumbing. , Although | .

the houses were rated as sub- | |standard for use in this country, they are reported to have met “favorable reception” in England. House Dock Workers

FPHA officials said the units were | below the standards of the 200,000] temporary units which this govern-|

families from wartime dwellings | {and army barracks.

| foreign- sold units to use country, they said, would have “far |

exceeded” the completed value and |

would have required materials!

{and barracks.

Medium and good ‘as . 1325@1450| Most of the units shipped to| : a5 Common N-0a133 France, officials said, were erected to house dock workers. This, they! TRUCK WHEAT added, increased operation in

French ports, assisted U. S. demobilization operations and helped reduce foreign demands for scarce

white shelled corn, $1

tday in the Claypool hotel. “And,” Mr. Rude continued,

{automobile industry, with its tre-

peacetime economy.’ The dealers, who were luncheén | guests of the finance company, were | told that 17 million cars are wait-

Grew With Industry ! In citing the. growth of finance firms, Mr. Rude pointed out that | they were a direct outgrowth of the | auto industry, since bankers in the | | early days felt that a car- -buyer | | was satisfying a whim and therefore should pay cash. He said that finance companies

the money he wishes to borrow {along with insurance and bonding

1200@1350| The expense of converting the service all in one operation, while | Rece in this banks can handle only part of the|Ne Deficit

requirements. He also reminded dealers who {hope to handle their own install-|

{that requires a long experience to | provide proper safeguards.,

{dling this business for many vears,” Mr. Rude concluded,

our place. in the industry if we

keep on as we expect to do.”

glo

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“Based on the experience and know-how of the finance companies | who have made a specialty of han- |

“we are confi- | ‘dent that no one is qualified to take |

Thomas has already embarked on a campaign against OPA. He submitted an - amendment the minimum wage bill now on the

un- | mendous productive capacity, must | floor which would prohibit any gov“in pace the nation back to a sound |ernment agency from setting mar- |

gin prices on agricultural commodlity exchanges. This is directed at OPA's recent ruling setting a margin of $30 a bale on cotton futures. The farm-parity amendment has been offered to the minimum wage bill, and if it is beaten, Thomas said, it will also be offered to the OPA bill.

U. S. STATEMENT

WASHINGTON. March 22

nv. Ph

pared with a year ago: This Year Expenses $ 50,389.526.377 ar Spending 40.601,751 534 31.045,793 445 .19,342,727.931 23.573.890,951 276,666,430.737 20,233.156,339

Year

pts

Cash Balance | Public Debt Gold Reserve

INDIA JAPOLIS | Clearings

CLEARING HOUSE

of the senate agriculture committee will try to amend the

A-bill to

Neb, chairman of the American Farmers

Johnson said, {his group may refuse to plant new in the]:

indicates! : “a very decided |:

—Government expenses and receipts for the cur- { ment plans to provide for veterans’ are now able to offer the car buyer rent fiscal year through March 20 com-|

Las $70.243,136,323 | 63,940 959,257 31.597.021 482 38,646,114,341 | 15.169.992,708 234.636,821,260 20.451.128 29

FRIDAY, MARCH 2, 1948

‘ARMY SNOWSHOES - SOLD AS SURPLUS |

: Times Special CINCINNATI, O, March 22.— Approximately 82,000 pairs of stand |ard trail type snowshoes built” to larmy specifications’ havé - ‘been | placed on advance sale this week, the-Cifcinniati office of War Assets Corp, said today. The. shoes, originally about $10.75 a pair, are being* dise posed of in a continuing sale’ to priority claimants and certified wholesale and retail dealers. —— rere pe seer cnl—

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LOCAL PRODUCE

PRICES FOR PLANT DELIVERY

Poultry: Hens, 4'2 lbs. and over. 22c:| under, -19¢; Leghorns, 18c; springs, 4!z Ibs. and over, 22c; under, 20c; Leghorns, |

18¢; roosters, 16c; 20c; light, 15c¢; geese, 20c; and over, 30c; under, 22c Eggs: Current receipts, 34 lbs, to case, 30c; graded eggs. A large, 32¢; A medium, | 29¢. no grade, 27c

capons, 6 Ibs. |

ducks, 5 lbs. and over, |

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\ Mr. MeGaffin

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