Indianapolis Times, Indianapolis, Marion County, 11 January 1939 — Page 19

Page PDF (14.39 MB)

Back to issue view

“RECTORS OF STATE BANK ARE, RENANEL

Porkers Lose 15 Cents as Vealers Hold

Hogs above 160 pounds declined 15 cents today, while lighter weights

Living Costs, Wages Run Race |

1933 1934 93% 1537

THE AVERAGE FAMILY'S MONEY 1933 — 1938

INCOME

N THE RADIO -

~ TONIGHT morow. on the CBS-WFBM 7:30—Tommy Dorsey, WIRE. ard Concert.” : : The brothers are in Americas ¢ 7:30—Paul Whiteman, WFBM. their second visit. Their prog 8:00—Fred Allen, WIRE.

will include Bach’s Sonata in 8:00—Star Theater, WFBM. Major, “Two Studies fof Twi

: . anos,” by Felix Petyrek, The Star Theater program at 8|the brothers, and Ravels o'clock tonight, CBS-WFBM, will

STOCKS RALLY AFTER DRIFTING 2 POINTS EARLY

FIRM TENDENCY AT CHICAGO PIT

[3 AGN Le)

ment for two pianos of “Fetes,” ; the Debussy Nocturnes for OF

Many Shares Regain Half of Morning Losses That Reached Year's Low.

NEW YORK, Jan. 11 (U. P)— Mild rallying tendencies developed

in afternoon dealings on the Stoek|"

Exchange today after an earlier recession of fractions to more than 2 points. Trading continued dull.

Douglas Aircraft scaled an early loss of more than 2 points by more than a point, while United Aircraft more than halved an early dip of around a point. U. S. Steel cut down a, loss of nearly 2 points to around a point and Chrysler rallied from 77% to 78%, off 11% net. Santa Fe more than halved an early loss of around g point. Utilities held well at small losses. U. 8. Rubber dropped to 453% and then recovered to 46% where it was off 1%. Bonds failed to develop a definite frend in early fairly active dealings. Domestic corporate issues held fractionally around previous closing levels, with plus and minus signs about evenly distributed. Foreign funds were little changed

830

Co.,

c OF 1 MONT FOOD SUPPLY

dams Expr ... 10% jaska du, sees 30 e or lekh, Lud sii Allen Indust .

in a featureless trade. U. S. Govern- Am

ment obligations were steady.

* = 2

Today's Business|#: 8

At a Glance

GENERAL BUSINESS

American Bureau of Metal Statistics reports November world output of silver (excluding Mexico) 13,006,000 fine ounces vs. 15,869,000 previous month; 11 months pro-

duction 162,350,000 fine ounces vs.|B

171,472,000 year ago. Dec. 1 total stocks of lead at U. 8. smelters and refiners 203,226 tons vs. 203,864 previous month and 194,836 year ago. American Petroleum Institute reports week ended Jan. 7 crude oil output averaged 3,214,900 bbls. daily, up 10,550 from previous week; gasoline stocks 72,818,000 bbls, up 1,123,000. Bureau of Business Research, University. of Pittsburgh, reports week ended Jan. 7 gross sales of department stores in Pittsburgh 19.2 per cent below year ago. Edison Electric Institute reports holiday-week ended Jan. 7 electric output 2,169,470,000 kwh. vs. 2,120,555,000 previous week and 2,139,582,000 year ago.

The Iron Age reports steel ingot

output this week 52% per cent, up So

14 point from last week. CORPORATION NEWS

Consolidated Edison Co. of New York System week ended Jan. 8 electric output 139,300,000 kwh. vs. 134, 500, 000 year ago, up 3.6 per cent.

tem week ended Jan. 7 electric output 51,048,000 kwh, up 7.9 per cent. General Electric Co. 4th quarter of 1938 new orders booked $63,419;265 vs. $73,997,063 year ago, 1938

total $252,176,223 vs. $379,273,619 for |pe

1037. . C. Penney Co. December sales $38, 02 vs, $38,001,254 year ago; up 2. 4 per cent; 1938 sales $257,961,665 vs. $275, 375, 137 in 1937, off 63 per cent. Standard Gas & Electric Co.. system week ended Jan. 7 electric out-

put 109,393,127 kwh, up 5.1 per cent En

from year ago. RAILROAD REPORTS

Chesapeake & Ohio Railway Co. week ended Jan. 7 carloadings 18,274 vs. 17,685 previous week and 17,462 year ago. Chicago, Burlington & Quincy R. R. Co. week ended Jan. 7 carloadings 12,598 vs. 12,467 previous week and 15,515 year ago. Great Northern Ry. Co. week ended Jan. 7 carloadings 7984 vs. 7230 previous week and 7362 year ago. New York Central R. R. Co. 11 months ended Nov. 30 net loss $20,413,440 vs. net income $6,903,378 year | ago; November net income $104,581 vs. net loss $501,065 year ago. New York, Chicago & St. Louis|t R. R. Co. week ended Jan. 7 carloading 3948 vs. 3552 previous week and 3883 year ago. Pere Marquette Ry. Co. week ended Jan. 7 carloadings 4161 vs. 3774 previous week and 4140 year

ago. Pittsburgh & Lake Erie R. R. Co. 11 months ended Nov. 30 net income $1,518,651 equal to $1.76 a share vs. $3,762,842 or $4.36 year ago; Novem-

ber net income $276,613 vs. $102,996]

year ago. Rutland R. R. Co. November net loss $63,484 vs. ..60,185 year ago; 11

months net loss $862,712 vs. $315,441 |

year ago. DIVIDENDS

American Equitable Assurance Co. quarterly 30 cents payable Jan. 25

A Anaconda Armour Ill .... Atchison Atl C Lin a Corp. .

Bald Loco £k

k & Decker 20% OX apes. 1078 Boeing Air .... Borden Borg Warner .. Brewing Cp Am. Bdgept pass . tol M .. 43

Butler Bros .... Byers p

Callahan Zine... Can Pacific

1% 5% 9134 « 45%, ve 272 p . 22% Ohio .. 36%

Chrysler 85s Cleve El Ilm pf 112% Colgate PP .... iv, Col & Aik 33s Colum Gas Ys Col Pictures “vie 13% Com Credit .... 55 Com Inv Tr.... 56% Comwith Edison 27% Comwith & S.. 1%

31% Cons Laundries 6% Cons Oi ; 9 Container Cont Bak p Cont Ins Cont. Mot gont Oil Del.. Steel Corn P. Coty

Crown Cork ... Crown Zeller Crown Zeller pt. 20% rucible St -. Curt Pub pf ... Curtiss-Wr A..

Davison Chem .

D Lac Dist Sees Ce Dome Mines ... 32 Du Pont deb .

East Kodak . Eaton Mfg .... = 27) Elec Auto-L . Elec Boat , Elec Pwr&Lt 1135 El Srl $6 pl. 32% u Eontern A Lines 15-Ex-cell-o 2

Fair Morse ..,

Pia Bb Flintkors Fo

. 417, 53

Gen Gen Gen Gen Gen Pi Gen Gen Gen T Goodrich Goodvear Gt North Green

Am Jv. ve . 3%

Hanna 5 2t +-100% Harb-Walk . 20% Homestake .... 8 Hud Bay M&S. 3

Hudson Motor . CA

m Central en Ind Rayon ..

ennecott

Kroger G&B ... 22%

ph V Coal . Ya hman 26% . 51% oe. 102% 93

28 Mathieson McGraw El .. McIntyre Pore. . Mengel

Mission Com: Mont W.

33 . 20% 54, 6Y ve 154%

49 . 34

r Whi 5% Mullins Mig B.. 6%

16%; a6 ed «

High Low

10% 10.

1, 41 114 A 28

100%, 29%, 63

35 7%

22%

o =—L—

Ya 26% 51% 102% 9%

. 2%

Last CF sage 5 F330 10% = Yi

Bv United Press. DOW-JONES STOCK AVERAGES

The above chart, prepared by the Northwestern Life Insurance shows how living costs have run neck-and-neck with wage increases since 1933. The dotted line on the top chart measures the rise in the income of a United Staies family, averaging $120 a month in 1933 and $141.31 in 1938. The heavy line shows the increase in the cost of maintaining the home. The line at the bottom of the SHiart shows the monthly cost of foecd supply.

N. Y. STOCKS

30 INDUSTRIALS

4! Yesterday ...

5 Year Ago High, 1038-39; 158.41; low, High, 1937, .

98.95.

194.40; low, 113.64.

20 RAILROADS

8 | Yesterday

Year A

High,

Nat Da

Nat M

Otis St

Phoips

Week Ago Month AZO .cocqeconessns evs Year Ago High, 1938.30; 34.33; low; 19,00,

High, 1937, 64.46; low, 18.91. -

s Munsingwr .... Va

N Ch&st oT eens Nat Acm Nat Aviation .

Nat Biscuit .... Nat Cash Reg

Phila Re

sense oe

essesssssn .

15 UTILITIES

Yesterday .ocecsvovss Week Ago ... Month ALO .coccvvssssncecee

1937,

iry

& Stl C 2

Otis Elev

eel

Dodge ad C I.

4 | Phil Morris ..

Phillips Pi p

Biohfiel

Tru

— 7 Un Oil

Warner

Weston Wheel Wilco

Wils

eh oe

Yellow Young

Tra 20th. ‘Cent pox.

Vanadium ...

West Union West Air Bke .

Pet ... & B

d Oil .

Transamerica .e

Und Ell Fish... Union B&P .... Union Carb ....

Cal v...

Un Pacific ....

High, 1938-39; 25.19; low, 15.14. 37.54; low, 10.65.

12%

« 1% 9%

23.21 23.20

21.86

High Low 12%

143,

Jin - 2o14 27s Nat Dairy pf A 114% Nat Dairy pf B 110% Nat Distillers Nat Lead Nat Lead pf B 140%

. 27% 25

Norwell s T pf 38

7% 9% —S 30% 16

45% . 24%

62% 11 86%, 19

84 36% 12

47% 657 117

Bros ..

Yet hig] &'S .

P 7 pf.

El In i] Steel . 0&G

wilive: h 36d 30

Tr... Sheet .

. 20 . 50%

82 28% —W 6% 273%

154 23,

22 as 454 45 0%% ©7%

20 20 50%2 50%

FOOD Soin

+0.20 +1,21 +2.24 —~1.13

22.18 |

Net Last Change

+ %

40008

see

Ye Week Ago ... | Month Ago ....

Irie;

I+ +141);

+ HIT

Wheat Is 4 to V2 Cent * Higher; Corn Rises 4 to Yu Cent; Oats Up.

CHICAGO, Jan, 11 (U, P)— Wheat prices ruled firm on the Chicago Board of Trade today on buying in sympathy with a higher Liverpool market. Corn was higher. At the end of the first hour wheat was up % to % cent, corn up % to % cent, and oats unchanged to % cent higher.

ing of wheat was more than enough to offset selling by ‘houses with foreign and shipping connections. Liverpool wheat closed % to 1 cent higher on late covering, after Argentine offers had depressed the market early. There was some hope that the London wheat conference would accomplish something constructive, Winnipeg wheat worked fractionally higher, Foreign demand for North Amer-

night and early today. The Government weekly report said that rains of the past few days |r had given partial relief to winter wheat in dry areas. The weather |go map showed little precipitation in the Southwest. The forecast was for unsettled weather, except in Kansas and Nebraska. Light receipts, buying by export interests, and a sharp upturn at Buenos Aires were constructive influences in the local corn market, It was rumored that a cargo of corn had been worked to the United Kingdom. Local grain receipts included an estimated 38 cars of corn and 14 cars of wheat.

WAGON WHEAT

City SIs elevators are red, 62c; other grades vine, Lg 3 Cash corn, new No, 2 velo. a6o. Oats, 2! ss,

; LIVERPOOL, WHEAT @. 8. nm posed on Seale at

162 7

641, 63%

N. Y. Bonds

l641% ft

60 Inds. Bonds Yesterday ..... 86.5

ki 60.9 61.8 57.4 69.6 100.9 70.0 47.9 101.2 69.3

" 99.8 99.8 98.6 95.0 105.7 99.8 87.3 106.0 92.3

82.7 80.6 82.5 200.4 $3.0 70.7 100.7 81.1 100.2

Year Ago 2 Years Ago.... 1938-39 High ... 87.3 1938-39 Low ... 74.9 1937 High «...., 95.0 1937 Low 1936 High 100.4 106.2 1936 Low 84.7 103.5 (Copyright, 1939, AY Statistics Co.)

U. 8S. GOVERNMENT BONDS Treasury Bonds

H 1943-40 June ....105 198 March «1

Federal Farm Mortgage Bonds + 1064-44 107.12 107.12 Home Owners Loan Bonds 1944-42 104.14 104.14 DOMESTIC BONDS

a 12a 115% 5 14% ) 106 Contain Cor bi 43 : Int T&T 5s Loews _Inc A 00 N Y Cent 4's 2013 ries N Y Cent col 3%s 97 .. Penn RR 4%s D 70 ... Penn RR 3) 4's 65 .. Radio KO 6s 41 Texas Cor 308 Bl verse Warner Bro 6s 39 .... Young S&T 4s 61

FOREIGN BONDS

Argent 4%s T1 . Argent 4s 72 Feb . Australia 5s 57 ... Austria Ts 57 ... Brazil 6%2s 35

86 98% 7

« RETAIL ADS DOWN 10 PER CENT IN "38 i

CHICAGO, Jan. 11 (U. P.).—Retail display advertising throughout the country in 1938 was almost 10

cording to Advertising Age.

1938 linage for newspapers of 81 leading cities at 978,528,519 lines, or 9.9 per cent under the 1,086,549,004 lines carried by these papers in 1937. “Losses compared with the previous year were largest during the],

4 | early months of 1938, but encourag- |

ing signs are indicated by the fact |S that during the last two months of 1938 weekly losses were considerably less than the average for the year,” Advertising Age explained.

Scattered commission Ronse buy-|

ican wheat remained quiet over- Goo

82.4|13 35

93.387.

71 lings

per cent’ below the 1937 level, ac- N N I The trade authority estimated mn

Van Camp Milk Co com.

held steady, according to the Bureau

of Sticuliutal Economies.

Early trading was slowed down considerably by sellers’ attempts to avoid the 10ss on heavy hogs whieh e 170-

sold relatively low yesterday. top fell to $7.90 for 160 to pounders.

trade underton

at $8.75.

Jan, i § 08%

Top 9 ase S 3.2

eens

11 ....

Top iE

ts |_ Packing Sows 7540~ 2%

8: &

- 6. ke, a0 Pigs ws

i ri 1. +80

CATTLE Bon on

Choice— gl onE lan 1 Wei a. ; Thi S000 Sra bE $1. 13 1100-1300 11.50-12 T510uL, Vom... ns 6. 9.00-11. Ian Weights 71100 a3-iL 1100-1300 1300 1500 Medium 750 -1100 1100-1300

900 .25-11,50{ M 9 50-11.75 Cul eu Can 5.507.75- 92 alves 8. 00- 50 o Receipts, 423) mmon Plai |Cho! 0% 7 00- 8.00] 250-400

‘Heifers | Medium’ Choice— 5.0!

150 900 $10.00-11.001 750- 900, 8.75-10.25)

Medium Good— ou 900. 7.75- 8.75] 500-900 10-1300

wm 3 6.80- 7.75Medium— Good ... Common

He Medium Vin] 5H Good and he {ce Comino .50= 6.00] 550-7 iw | Chalo 8.0

Comm & gutter 4.25- 5.50] medium SHEEP AND LAMBS (Receipts, 571) Lambs

Good a - | Good and choice a 8.50- 8. 5) medium. $ 6.75- 8.2

a Stocker ©: Cattle ers

7.75- > a M 50- 8

mmon.. 5.26- 6.75

Ewes Good d choice......, ®se00 se - and choise :# 3:80: 3:38 | which prevailed in the final week of

Common and medium. tessacane

% CHICAGO LI LIVESTOCK

moderately accents lower than Gy good end To 00-260

B-ReCeiptS: 20, S00; 5 | ive, mostly uesday’ : Sysrege; Gl 25 gents off,

ally on Un, choice 1 fos. $7. oar %0: the sie’ a good 350-500 1bs,

few lightweights

Cattle—Receipts 9500; calves 1200; fe steers and yearlings in market slow, about li 25 to 50 cent strictly choice and Prime rgely [email protected] mark 0! good and choice others weak; best around shortfeds doy athe at ward; cows less Lrdve cents under week's hi gh tl most; cutters mostly $5 bulls’ scarce and stead, shipper vealers 2 to $11; light Sit y at $9.

Sheen Recsogy su | 25 cents off; D. $0: ER 06

) 3 a mostly $8. 1 ooh: Zood to to chic yeariin s tra mbs 1

Sti: to ave choi fre ings $8. 50@ ; BOO! oice o it n sh held $8.85 to $9 and 4 88308 nw

best OTHER LIVESTOCK

11 (U. P.).—Ho

,50 Sova, 4.75;

CINC Receipt ; fairly active at declin 1b. 10

attle—R ; calve tive lightwelgnt heifers and Thixed

90d b=te5En, dnd : ro Sana os { y ls, $7. 38:

11. Sheep—Receints, 100; 3 ht su 1 lun g pny: ys

sendy" at at $700; offerings ase:

and

. WAYNE, Jan. 11 (U. P.).— * 30 cents lower; 140-160

Vealers went unchanged with the carrying a firm e, the top making $10.50, “Sheep prices declined 25 cents with the top song

Reels.

175s

7.50

. -$8.00- 2%

00 Institute Predicts Mills’ Out-

050 . 7.00- 7.78 oy 120

and A 00- 7.00

Packing SOWS, 3 gre: 50;

steady; la s weighty steers $13.50; several loads $12.50@ .35; heifers steady; 11.5 with y downmostly weak to 25 time; fat Sows oft

A own: a h jgher ur ap

late Taestay tat

INNATI, Jan 0gs— 2000; hOJIOVeE. 70; 5 Jo 25 cents

ear-

com-

ae Shojse trucked: e to se on [email protected] ry possibly above; slaughter ewes mainly $2@3. y aug 4

Arthur Heidenreich Added To Board at Meeting Of Shareholders.

Six directors of the Madison Avenue State Bank have been reelected to the Board of Directors and one new member has been added, it was announced today. Those re-elected at an annual stockholders meeting yesterday are: George Hilgemeier Sr., George Hilgemeier Jr., Chris ‘Brehob, ‘Walter Myers, Fred Quebe and J. F. Davis. Arthur W. Heidenreich is the new member. ; The following officer's were selected by the directors following their election: Mr. Hilgemeier Sr., chairman of the board; Mr. Hilgemeier Jr., president; Mr. Heidenreich, vice president, and Mr. Davis, cashier,

“STEEL PRODUCTION

8 Chol Choic cs .$10. 9.00.10: 1

WILL RISE 1 POINT

put at 51.7 Per Cent.

NEW YORK, Jan. 11 (U, P.).~— Steel mills of the nation are scheduled to operate at 51.7 per cent of capacity this week, up 1 point or 2 per cent from the preceding week’s

Institute reported today. Last week operations were sched5 |uled at 50.7 per cent, a better than per cent from' the restricted level

1938. g The improvement for this week|1 was slightly smaller than had been anticipated ‘in some quarters, but was not out of line with expecta60 | tions in trade quarters in view of the fact that while inquiries for steel are slightly better, they have not yet reached the volume anticipated. Producers, it is indicated, are gearing their output closely to consumption and are not as yet building up inventories to any measureable degree, The current week's rise was somewhat smaller than seasonal, but that was offset largely by the fact that last week’s rebound was more than seasonal.

: CONSIDER FINANCES: SKIP JEWISH PROBLEM

Sr —_

BASLE, Switzerland, Jan. 11 (U. P.) ~The Board of Governors of the Bank for International Settle:|ments adjourned its monthly meet-

ing without taking action on a pro0 posed international loan to facili-

50: |tate emigration of Jews from Germixed yearlings, § low cut75; vracTeas ‘early tup

many. Informed sources said the board meeting was “devoted primarily to consideration of British and French financial developments and that the projected migration loan was not discussed. These observers also stated that

Se reported negotiations between Mon-

tagu C. Norman, governor of the Bank of England, and Hjalmar

38.50; Schacht, German minister ‘of fi-

Jan er. 160-130 foe. #7. Yoa1 ie

@17.60; 30.360 1 js. $6.50

$7@ 6. 56 down; calves.) & 50@i0;

down; Aug lambs, $8@8.

LOCAL ISSUES

The Jollowin sent actual indicate hy approximate market ased on buyin recent transact:

ons. Stocks

Auto Jovest. Jom Bel Yds com. . Belt BE Rr 5 Stock Yds p.

> Hau ute Title Bloe Co com.... Van Cémp Milk Co . 60

“During the ‘last week of the Boke

year,” it added, “the downward trend |x was completely reversed and a gain |Mun

$7.50

quotations do not repres or offerings, but, Joely e Pr selling quotations of

nance, apparently were fruitless, since neither the British nor German delegates mentioned the matter at yesterday's meeting. The Board described France's currency situation as favorable and expressed satisfaction over British efforts to counteract speculation in the pound sterling.

LUMBER ORDERS UP OVER 1937 FIGURES

WASHINGTON,—Jan. 11 (U. P.). —New lumber orders booked in the week ended Dec. 31, 1938, were 12 per cent above the corresponding 1937 week, the National Lumber Manufacturers Association reported today. Reported production was 38 per cent above the 1937 week and shipments 24 per cent higher. During the week 489 mills produced 123,119,000 feet of hard and soft woods compared with 180,251,000 feet produced by 523 mills in the preceding week. Shipment: amounted to’ 166,102,000 feet compared with 189,276,000 feet the previous week and new orders aggregated 155,652,000 feet compared with 180,217,000 feet. The week to week declines reflected normal seasonal year end contractions.

INSURANCE FIRM

rate, the American Iron & Steel | :

anticipated rise of 11.9 points or 30.7} 00

costar Basil Rathbone and John

Barrymore, movie stars, in “The Stronger Man,” by Dick Weil. The play tells the story of a physician (Mr. Rathbone) and his wife who visit at a South Seas trading port. The wife and a pearl fisher, portrayed by Mr. Barrymore, become friendly, and the action goes on|P from there. Mr. Barrymore will serve as master of ceremonies for the show, which will include Frances Langford, Kenny Baker, Ned Sparks and Charlie Ruggles. Miss Langford and Mr. Baker will put their heads together in a medley of “What Is This Thing Called Love,” “Love Is the Sweetest Thing” and “This Can’t Be Love.”

2 8 2 The Scholz brothers, Heinz and

Robert, duo pianoists who have played together since childhood, will

broadcast a recital at 2:30 p. m. to8 Z

(CBS } Set. !

4:00 Navy 4:15 Maren af “Games 4:30 Tea, 4:45

I. U. Program News interviews Varieties

Lone Ranger

Tune

k Tracy Police Court

Easv Aces bner Human Fide Lom Basket Heidt's or.

Map's Family 9, Dorsey's, On

Gang Busters “a Whiteman’s or, 1

Fred Allen ”» » » ”n ”» A »

Edgar Guest | Musical Weekly

nn » -”» ” New Amos & Andy Hamilton's or.

Te on

THIS EVENING

(The Indiana polis Times is not res onsible for inaccuracies aouncements ca +1 by stati h Com NAPOLIS © tion ch ARSel fier ress time 6

00 "(NBS-MRBS)

K. JKayser's Or,

e : .Gasparre's or.

chestra.

2 os 2 “ A little “pidgin” English may creep into the “New Horizons” pros gram at 1;30 p. m. tomorrow, CBS WFBM, but it will originate f: the pigeons themselves, who will a bit of cooing into the mic phone. However, the story of their d role as an adjunct of the U. 8, Army’s communications service.a their work on the staff of the New York Journal-American will be told by their representatives. Maj. Wale ter Ellis, in charge of the Signal. Corps’ experimental station at Ff, Monmouth; Sergt, Clifford Poutre, pigeoneer at the Fort; Tommy, Weber, Angelo Barrera and Harry Meyer, Joural staff members, willl discuss the work of their birds. Tue newspaper pigeons are used transport picture negatives trou out-of-the-way assignments to the’ home office. ” ip program snr. CINCINNATI] : , (NBS-MBS) snnah ’ Armstrong infant. Paralysis

Don Winslow Jesse Crawford Nixon Denton -:i Lowell Lie

Aone sy io

Unannouneed Inside Sports

Map's Family = Dorsey's or.

Wan" G5. ~ (MBS Net.)

Love & Salvo Johnson Family us] cal »

Jane Anderson

rhe Annie Sine 1 Midnight

5 Tends on old . Heidelberg Lon Ranger

Green Hornet

T 9, FE

Famous Trials Muglo Counter

Fred Allen noo i i " " Paul Sullivan °%

Uninhoanesa.

» Cn G. Willi p S: Wiliams 0 T

1:00 Casa Loma Or; ii: 15 pirikes & Spares 1:20 H. Kin

s Or, | i :45 {

Shaw's or. Lights Out

THURSDAY INDIANAPOLIS | WFBM 1320 (CBS-Net)

Early Birds » ”

Roundup Devotions Musical | Clock

30 45 i T

| = 1

Milton Charles Montana Shm | Serenade 4 ai Strings | 9:00 Kittv Kelly |

9:15 = Bohemians 9:30 145

ewy Baby Bulletin

6: 8: 9: 9: 9: 7 8: 8: 8: 8

Central City | Pier Wife Farrell | Kitchen lain Bin

Mary Tavlor 3 Scattergood 10:30 Sister 10:45 Life ‘Stories 11:00 School Program 11:15 Nanev James 11:30. Town Crier 11:45 Markets. 12:00 Farm Bureau 12:15 ews 12:30 Stepmother 12:45 Holiday 1:00 Party Line

E. Light's i School

David Harum Lorenzo Jones ddow

Singin’ Sam Linda's Love Farm Hour

Hill-billies

Bett Or. I

ir 53%

Valian C

Army Bahd Piano Recital

Musie

B|5B2E

Clubmen,

> basicties Ruth Carhart Before the House

Bohemians ‘Yea iunes

Stella allas Vic & Sade Girl Alone

ke u. Program

Jo a

wims lo SERS &3:

Bevonolosy Varieties

osname

Breakfast Club Woman in White

Rrown Editor's Daughter

wi TE "Reporter

: Grimm, s eh ter Lady gaan Hymns .

Frogress Parade Between Bookends Backstage Wife

Concert Or. 8. Kaye's Or, Hill's s Or.

PROGRAMS

INDIANAPOLIS (WIBO 1050)

Moon River » = .

Review : - Unannounced

Cw 08s (NBS.MBS)

Ramblers ; Yimolizhiers

Tabernacle

2 Breakfast Jam

”» ” ”» ”»

Zime Peter ‘Unannounced Chuck pain, Paul Allison A & Harpe

Dinash 1 ne {uma Farmers

Shine

rant

Coffee Cups Bandwagon Top Notchers Devotions

Kay Bartlett Matinee “

luman Side

he Goldverss

"Ensemble & dade Peier Grant Road eof

New: Form Hour » .» » ”» ds & Muste y Slt, ?

Mati ine ee . Home Folks N. Shilkret's or. .

Noon Rhythms ” ”

Boy Greets ain

Back Home Rlesny Hollow Rainbow Rangers Wo. Frank Dudgeon SB

Dick ILeibert Cugat Players Shut-in Friends Hall 1 Or

Charles RL go Rhythm Congert

Bob Gt nin's Basbter Hymns

Mary ' Marlin Ma Perkins Penpes Youn Guiding Ligh

Mad Hatierfields Midstream “3 Beautiful Lite tly Keene

Swi rie Cones Legislatur Hawaiians

Hanhah Jamboree Jack Armstrong Paul Sullivan

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—-WJZ, 760; WOWO, 1160; WENR-WLS, 870; BWA, 1350. Lf ' NBC-RED—-WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 67 CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; Ba, 770.

about making the hest

MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850,

® az - in a Complex World In times like these, "what man’ or woman” who earns or inherits money is not concerned

use of it for himself, as

well as for those to whom it may be willed? The | rapid technological changes affecting invest- F ments, the influence of international events, shifts in legal interpretations and in taxation, and the complex nature of modern financing— constitute a maze which the average busy indi-

Curb Stocks

Net High Low Last Change 28 24 124 Y%

1, 26 3 by — % 2% % Ya ye EA

record Jan. 16 vs. 25 cents Oct. 25. Wm. Filene’s Sons Co. 25 cents on common payable Jan. 25 record Jan. 20 vs. like payment Oct. 25. 4 Merchants & Manufacturers Fire Insurance Co. quarferly 12% cents on common payable Jan. 30 record Jan. 20 vs. 10 cents Oct. 31. Be Norwalk Tire & Rubber Co. regular quartely 87% cents on preference |S payable April 1 record March 20. Tung-Sol Lamp Works, Inc., regular quarterly 20 cents on preference payable Feb. 1 record Jan. 19. (Copyright, 1939)

U, S. DEBT EXCEEDS 39 BILLION JAN. 7

Co . Pitts Pl Gi. vies Technicolor Un Gas Co Ur L &P U a” Strs 1pf..

of .9 per cent over the correspond-|ohio Te ing week of 1937 was registered. ublic Tel C

Richmond Try U. S. STATEMENT

WASHINGTON, Jan. 11 (U. P.) ~—Govern. ment expenses and receipts for the current fiscal year throug Jan, 9, compared with a year ago This Tear Last Year Expenses ,.$4,781,223,101. CH 3,919,526,176.87 BER ME Si eo pet 1 589,319,844.16

vidual has little opportunity to study. Fortunately,

CHICAGO, Jan. 11 (U. P.), — Apples Michigan Mackintosh, bu., $1. 01, 75; Beet Potatoes—Tennessee, bu. 80@95¢c. Carrots — Hlinois, bu., Spinach—Texas, bu., 85@90c.: Tomatoes a Florida, lugs, $1.50@2. 75. Cauliflower—California, crates, $1. 2301. 35. Peas—California, hampers; $2.50@3. 75. Celery — Michigan, Jauare & Crates, 25ca41, Onfon Market (50rs Jacks ) Idaho Sweet Spanish, 95c@

Wiscon 1 Whites 81 808 sin Yellows, 92%c;

NAMES R. W. MAHAN

R. W. Mahan has been appointed an Indianapolis representative of the Lincoln National Life Insurance Co. of Ft. Wayne, it was announced today. Mr. Mahan wil operate through the rig ams are noon a a in currencies: Agency, general agents of the com-

England (poun Net Che: | pany here. : BUILDERS

Aliim Soo Arm for every new offensive against individual secufity, there is a new and compensating defensive. During the past generation, individuals as well as corporations have found that financial peace of mind can be obtained through a new kind of cooperation between three trusted advisors: the life underwriter, the

lawyer, and the bank’s trust officer.

If you feel that present provisions for your estate might be improved, American National Bank invites you to confer with your lawyer and ‘your life insurance advisor in conjunction with . our Trust Officer.

AMERICAN NATIONAL BANK

at Indianapolis

4JHEAST 8p QV oR Ly,

[11d 62

Market Sf. oD Corp. . (By M. P, Crist & Co.)

FOREIGN EXCHANGE

Iowa ty r=1:16 — dr — 11 —1. Ve

Cleve El Ilum . gal gen Ey pt. So vor as as AE G Fprpf ..

11% El Bd & Sh 6pf 64; Ford Can, B,. 2214 Bien Alden . as Gt A&P

und) $4.67 3-16 i aT rate) Bin [INSURANCE Real Estate Auto Financing

; GREGORY & APPEL, Inc.

Belgium (belga) . Germany (mark New Location 333 N. Penn. St.

93 317.365.689.653.

—— Chicago Stocks

Last | Gustoms . .. ‘390; 359,153.67 * '220,581,942.39

+ 8 igh 34%.| INDIANAPOLIS CLEARING HOUSE 11 ++ ++.$3,361,000 hermes SOTHEING a 7,136,000 LOCAL PRODUCE

Heayy breed 3% lbs. and over,

tenes

“% %

ii;

mar) Germany (travel mrk) Switzerland (franc).,. Holland (guilder) .... Sweden (k Norway (krone) .,.... Denmark (krone) oven

Clearings Debits

%|B Ys Ya 7 ci t £S 8 att Br 13 | Gt Lakes Ba .

Insur No Am .. 66 Lockheed Air .. 32; Mead Johns: . ++132% Mont ard A 1597 8 Nehi C 47% Niag i WL

+:0000% LI-7491

BEMIS INCREASES | LETTER SERVICE

Remember the day BANKS CLOSED in March, 19332

That day they opened their doors in the Merchants Bldg. Since then their customers have forced them to enlarge their quarters | five times. Now they ‘have been forced to add Rotary Phone Service so that you. may reach them ime

The ad below the

Phone Book on he 58, 148, 167 and 173.

3 Hd Heileman Brew

LN Ya a

FEEL LL +L

89% 327 it E 2 6! 10334

nyt 2% ’

Thomes and Irma Bemis Say: THE $2.00 AND LESS ORDER RECEIVES THE SAME SERSONAL ATTEN TION AS THE $200. REASE YOUR PROFITS BY FsiNG INDIANA" Ss

LETTER

JY sevice

GENUINE PERSONALIZED TYPEWRITTEN LETTERS, AUTOMATICALLY TYPED, .. EXCLUSIVE 20TH CENTURY NIMEOGRAPHING UP TO 14X20 ON OND PAPER , , . IN BLACK OR COLORS . . RULED FORMS, HOUSE ORGANS, DOCUMENTS . AND CATALOGS ..,ART.-WORK , .. ADDRESSING, FILL:INS, FOLDING AND COMPLETE MAILINGS. PLANOGRAPHING

asemanne [DIE MALS Seveovan LETTER SERVICE

Narshuns Bank Bldg. 11 So. Meridian St.

a Ya 2

hai)

. . .

% DAILY PRICE INDEX

NEW YORK, Jan. 11 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic cornmodities, compiled for United Press (1930-32| equals 100);.

Yesterday savsvansasvius -eena105:38 Week 880 ccescnsssssons-sne 106.97 Month ago Ses 0csvescnsrr anne 104.65| Year 260 oi Vilimae+116.6T 038) + v117.06

SEE FINAL EDITION OF THE TIMES FOR CLOSING STOCK QUOTATIONS

brollets, | l4c; hens under 1c; Leghorn hens, Bibs Barred k. k spring1% lbs. and over, llc; heavy and strictly fresh country run oreh full case der” oq will be m utter—No. “hase: No. 3 FIRE AUTOMOBILE INLAND MARINE

2 Ni e ers, 1%%Ibs. and over, i golored Shrin he spring chickens, 2 1bs. 0. exes Me; each 1 Tull om oase ut not. 54 Ibs. and e.) 26 226 C. ButtertatNo. 2c. a INSURANCE

ers, 1%2 lbs. and up, 12¢; horn Breed roosters, 9c. ver. 15 ce nts for ~~ (Prices ee asian Wadles Soy hy Wadley ¢ Co.) GRAIN DEALERS MUTUAL

‘MIMEOSGOPING

AND OTHER LATE NEWS AGENC