The Mason City Globe-Gazette from Mason City, Iowa on January 28, 1943 · Page 22
Get access to this page with a Free Trial
Click to view larger version

The Mason City Globe-Gazette from Mason City, Iowa · Page 22

Mason City, Iowa
Issue Date:
Thursday, January 28, 1943
Page 22
Start Free Trial

Page 22 article text (OCR)

: .\ · fHURSDAY, JANUARY 28, 1943 Hog Prices Up 10 to 20c ·*· · "i- · -*- .^_ MASON CITY GUOBE-GAZETTE TRADING IN SWINE ACTIVE Salable Supply Is Less Than Expected C H I C A G O , (fP)--Hog prices lao-sou its SU25-1430 were up generally 10 to 20 cents 200-220 ibs. 514.40-14^5 Thursday in active tradins. with H:?'^ I? 5 - Si4.40-u.45 Midwest Livestock (THURSDAY'S FRIGES) Trend Good Butchers-140-150 Ibs 150-160 Ibs. 160-170 Ibs. Albert Lea* Minn. 5c higher . S12.60-rj.65 . $13,00-13.05 $13.40-13.43 Thursday in active trading, with the salable supply of 16,000 head somewhat lighter than expected. The top was $15.30 per hundredweight, up 15 cents from Wednesday. , The food distribution administration announced purchases of pork products including the following: Jan. 19, lard 5,275.232 IDS.; hog casings 47,040 bundles; edible tallow 98,000 Ibs.; Jan. 20, lard 500,000 Ibs.; canned pork meat 19,057,276 Ibs.; dehydrated pork 100,000 Ibs.; Jan. 21, cured pork products 25,402,000 Ibs.; Wiltshire sides 1,550,000 Ibs.; frozen pork loins 4,684,000 Ibs.; and salted pigs feet 40,000 Ibs. The Vieager, supply of choice fed steers and yearlings available here was strong to 15 cents higher at a top of $16.60. Other grades were steady. Fat cows were slow and steady and bulls steady to 25 cents off. Bids on good to wooled lambs were choice fat mostly 25 cents lower. Sheep opened steady, topping again at 59.35, the best January price in 14 years * * * (U. S. Department o£ Agriculture)--Salable hogs 16,000; total 29,000; active, generally 10-20c higher than Wednesday's average; bulk good and choice 190 to 330 Ibs. $15.15-15.30; top $15.30; most 150 to 180 Ibs. $14.75-15.25; bulk good 350 to 550 Ib. sows $14.6515. Salable sheep 8.000; total 10.000; late Wednesday: Top ewes $9.35, another new high for January for 14 years; Thursday's trade: Bids on good to choice fat wooled lambs mostly 25c lower- around $15.75-16.25; choice still held for steady prices, above SI6.50; nothing done on clipped lambs; sheep opening steady; sev- eral . loads choice slaughter ewes 59.35. Salable cattle 6,000; calves 700- meager supply choice fed steers and yearlings strong to 15c higher; other grades steady; top $16:60; very little above $1575- bulk S13.50-15'.50; heifers steady 1 mostly $12.50-14.75; top $1525 : another fairly active trade or! canners and cutter cows selling at $10 down; fat cows slow, steady at $11-13; bulls steady to 25c lower; light and medium weight kinds off most; 'heavy sausage offerings $14.50 down; vealers -5c lower at $16.50 down- head at $15.75 and $17 - . . . . . . . . . . .... . - . 170-180 Ibs .............. $14,00-14.05 180-200 IbS .............. SU.25-14.30 - . . . . . . . . . . . . . . . - . 240-270 Ibs .............. S 14.40-14.45 270-300 Ibs .............. $14.40-14.43 300-330 11)S .............. $14.40-14.45 300-360 Ibs .............. $14.30-14.33 Good Packing Sows -270-300 Ibs. 300-330 Ibs. 330-360 Ibs. S13.35-14.00 .-- $13.95-14.00 S13.S5-14.00 260-400 Ibs! ...4.'.'....... $I3!s5-13JO . 400-450 Ibs. . - . S13.75-13.80 . 450-500 ibs ........ ; ..... 500-550 Ibs .............. $13.55-13.60 Austin M(nn. Steady $12,40-12.10 512.85-13.15 S13.15-13.45 S13.45-13.75 S13.90-14.20 SH.10-14.40 S14.10-14.40 $14.10-14.40 $14.10-14.40 $14.10-14.40 S14.00-14.30 $13.75-14.05 SJ3.75-14.05 S13.75-I4.05 S13.G5-13.95 S13.55-13.65 S13.55-13.85 Waterloo '' lOc higher 113.70-13.85 S14.15-14.25 511.50-H.65 S14.50-H.63 $14.50-14.65 $14.50-14.65 S14.50-14.65 SM.50-14.65 $14.40-14.55 S14.20-14.35 SU. 20-14.35 $14.20-14.35 Sl4.lC-li.-S5 SU.10-H.25 $14.10-14.25 Cedar Rapids $13.75-13.8. $14.15-14.2 By FRANK H. BARTHOLOMEW Vice President of the United Press , iitM.i£e -o JE'TM THE ALLIED FORCES ON THE SANANANDA SHK1S 1 R °* T ' Jan -, 2A1 Delayed) (UP)-If you have never seen »i4:55-»:«5 American and Australian troops in close co-operation reallv iN.l-.H.If bdtin* hell out of the Japanese, I would like to take you C i j 4 * _ i 4 £ ^ With m(» Tnronori Trio -fioVif ·**- TJ.. *»*i: *... 4 _ j , - . . . . _ SJ4.5S-14.6 $14.45-14.5 514.25-14.35 S14.25-14..1 $14.25-14,3 S14.!5-14.i $14.05-14.1: $14.05-14,1. ·(Good to choice nogs. less than normal fill, delivered 1o Wilson plant at Albert Lea, will bring 5-15c over foregoing quotaUons.l RANGE IN GRAIN IS NARROW' Good Demand for May Wheat Is Reported CHICAGO, (IP)--Grain price held within narrow limits in quiet trade-Thursday. Wheat started lower on a littl hedge selling, but this soon- ende and prices held slightly unde Wednesday's close". Traders sai there was a good remand for Ma wheat at $1.39, a factor which len underlying support to the marke Activity in rye was the smalles in more than a week. Oats an corn were more or less neglecte Wheat closed V» lower to '-, higher, May Sl.39%, July $1.39% com finished unchanged to '/ higher, May 98 Vi, oats advance V»-Vi, rye was unchanged to \ higher and May soy beans gaine CHICAGO CASH GBA1X (Thursday market) CHICAGO. (,T-- Cash wheat No. 2, har Corn Ko. 3 mixed 51.08; No 2 -vello sa',icfriS1.00'.i; No. 3. 94'iSSl: No. W.^SG'.ic: sample grade yellow BOi 83c; sample grade white 75c. Oats No. 1 mixed 6l'/«c: No. 2 mix* 61c; cio. 1 white G2c; sample grade whT *1c. .Barley malting 88cOsl.05 n o m i n a feed 72(uS2c nominal; No. 3 malting 92 Mason City Grain MASON CITY--For Thursday Mo. 2 shelled corn 81 A T o. 2 new oats 55 New ear corn 74 No. 2 soybeans s'l.B Barley 50-75 CHICAGO GRAIN CLOSE I (Thursday Market) CHICAGO, (IP)-WHEAT-- ' Local Livestock HOGS MASON CITY-For Thursday Ten cents hmher. Good light lights 140-15(1 S12.BO finnrt !,,,,,, ,:_,,._ _ _ JSO-160 S13.30 .. 160-170 S13.BO .. 110-180 S14.30 .. 180-200 S14.65 ... =00-220 S14.C3 ... 220-240 S14.05 ... 2JO-270 S14.55 ... 270-300 S14.55 ... 300-330 S14.35 ... 330-3SO S14.55 ... 270-300 S14.30 .. 300-330 S 14.30 .. 330-360 S14.30 ... 360-400 S14.30 ... 400-450 S14.20 .. 450-500 ?I4.20 [May 1.3914 July 1.39',i Sept 1.33?. CORN-- Good light butchers ... Good me. \VL butchers Good me. ivt. butchers Good me. wt. butchers Good me. \vt. butchers Good me. \vl. butchers Good packing sows ... Good sows Good sows ,~ t . Good sows .............. Good sows Good sows 'jCATTtB MASON CTTY--For Thursday COMft J",TM'* s '«r» Medium to Vo"or"elw ·;::::: IllsoiiJIS 5?»5- ? "J 1 ?' 1 " 11 steen $10.00-11.50 Plain to fair steers j 8.00-10.00 SiSf't E^"" yr ' E - ««« Sl"0-14.50 CORN May July Sept. Dec. May July- Sept SOY BEANS-May . July . RYE-- July Sept, . .SD'.i .58 Low 1.33 1.38-i .9B .!»=; .391 .57} ClDf 1.39' 1.32! 1.33'. . .93= .99'.' .99i 1.85'.! 1.83 'A . . .BT'.i n,^;, - -- .w.^« JUK. aie Medium to coed yearllnis . Fair to medium yearling S10.00.11.M e a r n g .. S10.00.11.M ^.pmmon to fair yea rings ... $ S.00.10 00 Cholc. to prim. heUeS. BOO *· oown ....... good to cfcolw helftri .::'.:; PlitnT }°,«1, 8 i, hC " e » ..... · «L«0-".M Plain to fair hellers .......... StO 00-11 50 Co Common heifers .""' Medium to fair cows' Fair to medium cows Cutlers, heavy Cutters, llcht Canners. Heavy Canncrs. Ilpht ., Fancy select "cal . » 0.00-10.00 . S 9.00- 9.50 . S 8.50- 9.00 . I 7.25. 7.75 . S 6.50. 7.00 - . * B.SO- SM fancy select calves .... $12 50-1300 Calves, good to choice, IXMSa SIlJQ.lisa Calves, fair to good, 130-130 s 9.00-II.M - ,-- - ~ *-- 3 6.00- 8.00 1 C U U inm * 0 ° d '' ra 5nrt ,, , J IASO « CITY-For Thursday sSSS l=mb!..flood to choice S13.75-14.75 Spring Iambs, medium to good S12.50-I3.50 Sprint: lambs. C ood to fair ... SIO.50-11 50 spring Iambs, fair to medium S 9.00-to'oo Spngn lambs, common $ S.OO- 703 ftative ewes, good to choice S · 75 3'-Ewes, cull " Bucks '.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'. I ESTIMATED UVJESTOCK RECEIPTS .hS 11 ,^?:,. w:-9« ! ''?i rk «MTMmi «i- Raid, Apparently for Psychological Reason, Is Made on Algiers A L G I E R S , W)--Algiers was raided by a small force ot axis bombers at dawn Wednesday in an attack which appeared timet for its psychological etfect on the populace which had just learnec of the victory-plans meeting o President Roosevelt and Prime Minister Churchill in Casablanca Bombs fell in widely scatterec areas throughout the city and in apartment and residential sec tions. An unperturbed spectator was Movie Star Carole Landis, clad in a white negligee, who was impressed with "the lovely fireworks display" of the ground defenses but paid no attention to the crashing bombs. Miss Landis is tourin" north Africa to entertain American soldiers. Hides ««.UUoi,, f"in.M, e « » T woir Br.., la., rmb sum n """"" " Fnm 15 Ibs. up From 15 Ibj. down Bull hld« ....... . r p.« n dealers In wholesale Miscellaneous CHICAGO POTATOES (Thursday Market) Potatoes, arrivals 70; on track 163; to- v . ' sh 'P"l="K 928; old stocfc siiD- Pli*s lisht. demand for best slock fair. market steady; new slock, supplies mod- cratc. demand very licht. market nboiil sirady. no track sales reported: Idaho Kilssct Burbanks U. s. No. I. $3f,3i3° Gwynne Is Chosen to Serve on Judiciary Committee in House WASHINGTON -- Congressman John W. Gwynne, oE the third Iowa district, has again been selected to serve on the judiciary committee of the house of representatives, for the seventy-eighth congress. Appointment o f republican members for service on the various committees has just been completed by the .conference of republican congressmen for confirmation by the house. The judiciary committee is one o£ the oldest committees, and one of the major committees of the house of representatives, and bills referred to it include those proposing amendments to the constitution, matters affecting the courts and the service of the department of justice, and the relation of the courts to labor and corporations, crimes, penalties and extradition. - K . . U. S. I. . . · - . . o. . ft2.9;,: Nebraska Bliss Triumphs U. ~ X: Minnesota and North «' T""TM!" 15 Commercials W""" 15 '" Kalahdlns U. s. ?; ^ or l t!a bUEhc1 «"'« B »" U. S. A'o. 1. $2.«2.oO per GETS VETERAN CERTIFICATE GARNER_Dr. E. H. Phillips Boy Scout commissioner for the Hancock district, rccentlv received a veteran certificate for 15 years of continuous scivice in furthering the work of scoutim- both in the local troop and in the Winnebago council. STOCK MARKET IS BRIGHTER Scattered New Highs for Year Reported NEW ~ YORK, (JP) -- Scat fere new highs for more than a yea continued to brighten the stocl market Thursday despite th 'apathetic performance of manj leaders due mainly to profit cash ing on the lengthy discovery. Specialties stepped out in from with Air Lines especially favorei after mid-day. Most steels anu motors failed to make the grade Utilities did moderately well bu lacked buoyancy. Dealings were lively at inter vals and transfers for the full pro ceedings ' approximated 1,000,00 shares. . Peace-rated stocks again bene fitted to some extent from the gooi war news and hopes that the re cent Casablanca conference woul accentuate the allied drive on th nazis. At top levels for 1942-43 wer Yellow Truck, U. S. Rubber, Pepsi Cola, Coca-Cola, Eastman Kodak International Nickel, North American, and Consolidated Edison. Produce (Merchant Quotations) (Cash Quotations by E. G. Morse' MASON CITY--For Thursday Eggs, current receipts. 32. Capons, 8 Ibs. and up ^30, Heavy springs. 5 Ibs. and up. 24 Heavy springs. 4 to 5 Ibs 22( Heavy springs, 3 to 4 Ibs. 20 Leghorn springs 17 Heavy hens, 5 Ibs. and over 22 Hens, 4-5 Ibs. ;. 20i Hens, under 4 Ibs ",["17, Cocks, heavy " jg. Cocks, Leghorns ".'. lie All No. 2 Poultry 4 cents less Eggs, in cash 29-32c Eggs, in trade 30-3'c Butter, Iowa State Brand 51c Butter, Corn Country.. · Butter, Decker's lowsna . ! Butter, Brookfield "soc CHICAGO PRODUCE (Thursday .Market) CHICAGO. (,!,--Butter, receipts 256046 lirm: prices as quoted by the Chicago price current are- unchanged Epps, receipts 9.433: weak: fr jraded, extra firsts 37c; cars 37^c; fir ,,. 36'Ac; cars 36^c: current- receipts H!«. other prices unchanged. CHICAGO FOULTRV » (Thursd.y Market) CHICAGO, W-Poultry, live 14 trucks lirm; prices unchanged. NEW YORK PRODUCE (Thursday atarket) ^ .N^ Y ° R K, W-Esgs 25.168; slcadr. 5Ii??i»5 0lors: Fancy lo «'" lane* 39;.®*o/ 4 e ; extras 3aifi39c.- graded firsts 3. ? c; current receipts 36=ic: mediums SsS/sUjSwcT '' w ' s "" i *-- a ««^ Butter 433.705: scarce. (First hand ^'l^co^^nT^rnS-Ss WJ? ssr £o r r! c i47v:r rkel) «*«"»*« Choose -33.334: firm. Prices unchan s cd. aamer Family Gets Sox of Souvenirs 7 rom Son in Pacific GARNER--Mr. and Mrs. M. H. Tobin and their daughter, Gerrude, received a box by mail from heir son and brother, Joseph Leo Tobin, stationed somewhere in he Pacific, which contained many nterestmg and beautiful souvenirs, some of them gifts from the natives. Some of the items included were : grass skirt, several strings of .ifferent sized shells, multi-col red coral, seeds from native lanls, rosary beads made by the nuns at the mission, grass mats and painted china, a reed tray, a one ring, a cribbage board made f native timber, flower bulbs earl buttons and a pin. - ' 72,156 Pounds of Waste Fat Collected n Iowa in 4 Months DES M01NES, (/P)_lowans coT- octed 572,156 pounds of waste ats for four months ending Nov 0, 1942, Herbert C. Flagman, ex- cutivc secretary for the Iowa sal- age division of the war produc- on board, announced Wednesday lore than 16,000,000 pounds were ollected by the United States as whole, during the same period, his figure was below the quota et up by WPA for a correspond- "g period in 1943. The 13-foot female statue o£ Justice" formerly on top of a anton, Ohio, office building has icldcd 400 pounds of zinc to the crap drive. Bloody Jungle Fighting on Last of Japs in Papuan Area Described by Correspondent '··« followinr dispatch is the first eye- · fighting that broke the last .... .-*..,,,_- The author U i "r-- ------c,-. "-- *. i,,. m iiu ss ui 3 today which started when from Montana stood in a jungle road and dropped his arm in 'start firing" signal and ended* n when the count of dead Japanes stood at 475. * * * You are called at 5 o'clock on a. black and heavy morning. You are glad to get up because 10 inches of rain fell Friday night, at good portion of it coming through your leaky tent and flowing down the collar of the raincoat in which you slept because you had no blanket. * * * Your cot is made from uneven tree limbs and jungle growth so you have spent the night looking out into the tropic downpour a v u u i i i i u me L I U J J 1 C UOWnpOUr H' --.----- ..~» ^^..^.....^ ..i^ ^mij a luminous toadstools on hummocks su eg es ti°n" Several thoughts cross and listening to the quinine play ? o u r mind - You wish you had been "The Bells ot St. Mary's" in your issued the proper size steel helme ears. that wouldn't wobble when you A good part of the night you lope aIon S- You h°Pe you live to ire wondering why three nations wrlte the S0n 8 f° r - which you have vanted this hot, drowned country Bought up this tide: "I'm Gona wanted this hot, drowned country badly enough to fight for it. So you are up without regre and off to the front six or seven miles down the Kokoda-Sananan- da trail in a jeep with lanky Maj Gen. G. A. Vasey, an Australian officer who has been cited for courage and efficiency by Gen Douglas MacArthur. This is the trail over which the triumphant Japanese marched to and across the Owen Stanley mountains only five short month ago in a drive to capture Port Moresby and get set for the invasion of Australia. 1 Last month thely marched back down the trail again toward the sea with Americans and Australians it vigorous pursuit. * * * The Sanananda trail shows on the map as "MR"--motor road--but actually it is just barely passable in a jeep and eoes through swampland all the way. Most of it is of corduroy construction. * * ¥ For the first half hour you overtake marching men bound for the front. Vasey has a cheery word for each group and the men respond in the same manner. There is no saluting, no attempt at the military formalities. In one bog a signal corps man is waist deep in stinking mud splicing a telephone wire. "Hello there, sir," Vasey says, stopping the jeep. "Are you keep- 'ng your chin above water?" "Yes sir--just," the man replies grinning. By the roadside is a wrecked Japanese command car, smashed Tucks and a jumble of Japanese clothing, helmets and war materials. There is no more jungle. The trees and the growth have been blasted right down to the shell-cratered ground. "We finally ran the little devils out of here this week," the general says. * ¥ * Now you can meet the first traffic coming from the other way--the American wounded. There usually are three boys to a topless jeep, on stretchers laid crossways--one across the hood and two across the back seat. Another boy, stripped to the waist, rides with the driver and waves palm fronds over the wounded to keep the flies away and provide a breath of air in the dank stillness. * * * Some of the wounded boys are unconscious, but most of them are smoking quietly and some are even propped up on their elbows chating. They are bound for field hospital tents. There is no moan- ng or complaining. Next you meet a group of the valking wounded. Some have heir arms in slings and some have emporary patches over their fsees and necks. Some are stumbling along sick with malarial fever vhich is the curse o£ this Guinea The jeep enters a long bend in he trail toward the right. Now you are in Huggins--with the American army in the field! More will be heard about Hug- fins when the war is over and the 2d division goes home to the nidwestern states. Huggins was blasted out of a thick jungle by gunfire and gets its name from a taff officer who took over command of a company when its own officers were killed. ! Japanese. * * * You felt sorry for yourself last night in that ID inch cloudburst with nothing but a leaky tent over you, but you don't mind any more. These boys went through the night in the open or in half-shelters or thatches or anything they could crawl behind or under. And here they are by the hundreds, wearing jungle green uniforms. * * * You pay your respects to Col. ens -Doe of Carmel, Cal., who is trctched out with dysentery on a eadquarters cot but who is hish irit«d and ready to confer with eneral Vasey. You stroll up the road toward IB front with Frank Hewlett, niled Press correspondent who vent through the siege of Bataan I and is one of the youthful veterans among Pacific war correspondents Suddenly a sentry yells: "Hey, where are you guys going? Right over to the Japs?" "No," Hewlett says, "we're jus trying to get up to the front." "Well, you've found it," the sentry says. "Now high-tail it to the rear because we're going to open up on those b-- with mortars back there and you might get your ears knocked off by a short burst." The mortars start firing and you start back. The Japanese reply t the mortars with machine gun fir c and you suddenly feel real enthusiasm for following the sentry's Go to Buna to Kiska Japs Good by." Finally you are back abou 100 yards down the road and sail and sound. \ * * * At this point a dozen mortars are mounted on both sides of the road and firing in alter, nate order at 30-second intervals. They are 60-nun. and 81- mm. in size and they point toward the sky like a rack for holding a fourth of July skyrocket. They fire something that looks like a submarine torpedo which has fins but no propeller. * * * The short barrel fires the she! with a loud noise. You can see the shell leave the muzzle, then your eye loses it on its half circle through the sky. But/then you see from the jungle a quarter-mile ahead that a great cloud of branches, water and mud leap up 100 feet or more in the air closely followed by a terrific "whoomp. 1 I An Australian Wirraway plane circles over the target radioing the range and the, results of the firing to the mortar crews. The mortar fire continues for half hour and then suddenly ceases. It's the Australians' turn at bat now and they do their stuff with their artillery. "Excellent marksmanship," sayi the Wirraway pilot overhead. "Al shells are landing inside the perimeter." * * * "We'll teach, those monkeys fr try and hold the only high, dry sandy spot in the whole damned swamp and make us sleep in the muck," a soldier yells. "The Aussies will get a half hour at 'em and then watch what.wVve grot for them." * * * That happened right away. The boy from Montana stepped out in the middle of the road and yelled All you guys who got no business on this road get oft of it and keep off. Gun crews, service each mortar with 20 rounds of ammunition. Guns will fire in salvoes 30 seconds apart. I'll g j vc the signal from the middle of the road by dropping my arm. I'll have my helmet in my hand so you can all see it. We want salvoes, no ra»- ;ed firing. Get It? All right. . .t' His arm goes down. The noise of the first salvo i' blended into one heavy concussion, but the show doesn't really start until a few seconds later when all shells land together on the stubbornly held Japanese position. The whole earth around the Japanese position seems to go up in the air. · * * * "There goes my corduroy road, says an officer of the engineers. "Jfow when the Japs are finally blasted out of there we got to wade around in there and rebuild the whole thing." * * * "What does it matter," says a gunner. "It was under tu-o feet of water anyway. Say, look!'' \ You look, and what you see is a sky full of trees, branches lo*s and a great spout of water and you imagine you can see Japanese ·jomg end over end. The boy from Montana still stands in the road, his arm falling regularly every 30 seconds. You wonder how many Japanese lives come to a sudden end every time he swings that green helmet downward. incers were Killed. uuwmvara. And this is the American base ,, Between salvoes you talk with or today's final surge to clean out Colonel Doe. The gunfire seems to Vm Tnr^nocn nave cured his dysentery. He *~ SmokiniT a Kirr vlor.L" ^;~,... i... .. SOT .?? a biff black c 'Sar by way of settling his stomach and unsettling yours. "We're going to send in the'i lantry to clean 'cm out as soon the salvoes 53 J*S. are finished," Doc If you should feel sorry mo- menlarily for the Japanese, you look across the road and see an Amencan cemetery started - --.--· -- .. v Still UCIJIK I. The crosses are made out of box wood from munitions cases. There arc families back home on the other side of the world who do not know that their boys have been silently lowered into the black earth of New Guinea today. You meet Colonel Dawlcy from Great Falls, Mont., and he says: "I£ you are covering this thing see that Warden at Great Falls (O S. Warden, publisher of the Great Falls Leader and Tribune) and Dickey at Butte (J. H. Dickey, Jr., president of the Butte Montana Standard and Post) tell our folks through their newspapers about the grand job these boys did today. Tell them, too, that we are doing our very best to take care of their lads. We've got a water purification plant hauled, we have brought hospitals right up to the front and we are doing e'v- erything we can for these splendid boys of ours." "Whoomps!" Goes the last salvo. Suddenly you notice in · the strange silence that the Japanese machine gun fire also has stopped." "Infantry forward," an officer shouts. Colonel Doe says to General Vasey: "I've told them to look out for tricks, general. Yesterday when our boys moved in on a hospital dugout to see if any Jap survivors needed treatment, they found the place apparently filled only with dead. But one Jap with a hidden machine gun raised himself from amorur the corpses and let them have it head on. The other Japs had been dead for days and the stench was so terrific that the hidden machine gunner was wearing an inhalator." . , A field telephone rings. "No opposition, no enemy fire," the message says. "Forward position now reports infantry is traversing the perimeter." It's all over. It's time to start back with General Vasey in the jeep and then hitch-hike a ride in a plane to the headquarters of Lt.-Gen. Robert L. Eiehelberger, who commands -the allied advanced forces in New Guinea. · "We have just heard from Huggins that the perimeter has been exterminated," General Eiehel- berger tells you. "Up to the time of the report 475 Japanese bodies have been recovered. It's been a splendid day's work, but the job is not done yet. I doubt if ever before American troops have fought so bravely and under such handicaps." You think of the wounded riding on bouncing jeeps, of the boys walking along with temporary patches on their faces and their eyes glazed with fever and of the box wood crosses in the cemetery up toward Huggins. [""YOUR U. S. INCOME TAX^ Income on | Annuities NO. 22 Annuities have become a popular form of investment in recent years and because of the nature of annuity income especial treatment is required in the preparation of a federal income tax return. Several forms of annuities are found but the most common are annuity contracts issued by insurance companies. An endowment insurance policy may be payable to the beneficiary in monthly or annual sums for a period stipulated in the policy, frequently for Ihe life of the "beneficiary; or a person may purchase for a flat sum an annuity policy from an insurance company which provides lim' with a monthly or annual income for life. In such annuity contracts, a portion of the payments received represents in- lerest on the sum or_sums paid for the policy or contract and a aortion represents a gradual return of the principal to the annuitant. * * *~ Only that portion of the payments which represents interest on the cost of the policy or contract is taxable income and for purposes of uniformity the law provides that this portion shall be considered as 3 per cent of the cost until there has been excluded Tom gross income an amount equal to the principal sum paid or the policy. Thereafter the en- ire amount of the annuity is taxable income. Annuity income accordingly, must be reported in the federal ncome tax return whether the annuity is a gift received from some one else or received as the proceeds, to a beneficiary, of a life nsurance policy issued to another. If the annuity derives. from a straight annuity contract, then the cost to be shown would be the amount of the single premium paid for the policy. If the annuity s received by the policyholder of an endowment insurance con- ract payable in installments to he pohcyholder, then the cost is he sum of the premiums paid for he policy. * * * In addition to the cost of the oliey, as stated above, there must e considered the amount of the annuity income received during he year. The portion o£ this annuity income which is taxable, lamely, 3 per cent of the cost of the policy, is the amount to be entered in item 7 of the return orm 1050: the balance is non- axable and is to be applied against he cost of the policy. When the axpayer has received nontaxable ncome in this manner equaling ho cost of the policy, thereafter he whole annuity income each ·ear must be entered as taxable ncome in item 7 of return form The principles set forth above or the treatment of annuity in- ome apply also to retirement in- ome. annuity pensions and other orms of annuities. In the case of etirement income and pensions vhere no payments have been made lor the income, then the vhole amount of the income is axable (except for pensions to var veterans and their families). OIL OPERATORS BEGIN '43 WITH BRIGHTER HOPES Have Confidence in Production Set-Up of War's 2nd Year By BICKNELL EUBANKS United Press Staff Correspondent HOUSTON, Tex., (U.P)--The nations petroleum industry a bit groggy from the blows of the first year at war, has started to recuperate and begins the new year with more confidence in the future than it has had in many months. In production and manufacturing phases, the oil industry has had to cope with problems this past year which never before had faced it. Rationing of gasoline' and fuel oil was only the climax of the multifold problems which began Dee 7, 1941,.and accumulated rapidly during the months following. Many independent operators in this southwest oil capital, who had feared they would be squeezed from solvency, now face the future a little more serenely. One unnamed independent refiner said he had found that military and lend-lease needs were absorbing most of the losses incurred when the eastern seaboard first started rationing and which increased at least temporarily with national rationing. "There still will be much civilian use of gasoline, for many cars have 'B' and 'C' cards," he pointed out. "Too, trucking and bus companies will have increased business and consequently will need more gasoline." He could not tell just how much gasoline and other petroleum products he was furnishing the army, navy and lend-lease, but added that it was enough to keep him in business. In addition to normal petroleum production, major oil companies are now turning to other, related fields. Most of their 1942 profits are being diverted to new plants for the production of synethetic rubber, toluol, toluene and high- test aviation gasoline. Oil men predicted that the in- dustry would see more wildcatting during the new year than was possible in 1942. It was predicted freely that restrictions on the use ot critical materials -- restrictions which have hamstrung the necessary operations of wildcatters- would be lifted somewhat. Important new oil discoveries, were made In 1942, however. In this area they included the North Bayou City Field opened by the Ohio Oil company'and the Gray and Wolf-LaGloria Corp. strike in Montgomery county, Tex., in the Conroe-Wilson trend. * * * Houston oil men predicted that when the peak of the war effort is reached, the industry must produce at least 5,000,000 barrels of petroleum a day to meet military and civilian needs. "This production can be assured from the nation's oil fields by increasing allowables and by pulling more oil from the vast West Texas reserves," William Feazel, Houston independent operator, said. "Increased allowables together with possible new discoveries should meet all wartime demands." On the whole, the industry's representatives here felt the storms that might spring up in 1943 could be weathered. ( "We've gotten along so far and I m sure we'll keep going right a Ion B," ons independent said. "There's less activity, it is true, but those in the industry are sticking together. I haven't heard ol many being forced out ot business. The major companies, contrary to prophecies early in 1342 have not gobbled up the little man. On the other hand, they have heh*d a few over, the high hurdles and have shown that they are just ss anxious for the small operator to stay in business as he is himself." CAMP FIRE GIRLS AID DRIVE WACO, Tex., U.R--War Bonds added two new glamour girls to their long list of honor roll names when the Camp Fire Girls joined the Bond Drive here. As her part of the Camp Fire Girls' contribution to the war effort, Marion Harston sold $13,950 worth of bonds and was crowned Victory Girl. As runner-up, Barbara Blissard sold $11,500 in bonds. Total for the Camp Fire Girls was $51,695 for bonds and 58,000 for stamps. · TRACTORS! Are your tractors in shape for the spring's work? Unnecessary breakdowns in the field eon be very cottly in loss of valuable time and crops. WE HAVE A COMPLETE STOCK OF TRACTOR REPAIR PARTS NOW? / "^^~"~~~ DON'T WAIT . . . . COME IN AND LET US FIGURE YOUR REQUIREMENTS WITH YOU. GUARANTEED WORK AT REASONABLE PRICES TITOlfC TO RESPONSIBLE PARTIES UNDER ACfflPllJ FEDERAL CREDIT REGULATIONS. MASON CITY IMPLEMENT CO. PHONE 462 MASON CITY, IOWA PUBLIC SALE As ive arc dissolving partnership we will sell the following property, on the farm located 3JA miles Southwest of Fertile or g miles East, 1 mile South, »/, mile East of Forest City or 9 miles North, l4 miles East from Ventura: Tuesday, Feburary 2nd STARTING 12:30 O'CLOCK, WARTIME 54 HEAD OF LIVESTOCK 17 milch cows, 15 fresh now and two to freshen in the spring; 14 calves; team of horses; 20 head of hogs average 150 Ibs.; 1 boar. FEED 800 bushels corn in crib; 15 tons of alfalfa hoy in born; 100 bushels oars. CHICKENS 250 White Rock pullers. MACHINERY T Dane hay loader; I side delivery rake; I John Deere manure spreader; 1 Hayes corn planter; I McCarmick- Deering No. 4 cream separator--nearly new; 1 New Idea one hole corn shelter--new. BUILDINGS I brooder house, lOxlZ -- 1 portable hog house, 7x14 Other articles too numerous to mention. TERMS: Cash or make arrangements with your banker. No proD- crty removed until settled for. Nielsen-Ordahl Estate Melvm Midttard, Adm. Phil Sheimo, Auctioneer Citizens Savines Bank, Hanlontowrt, Cltrk

Get full access with a Free Trial

Start Free Trial

What members have found on this page