Indianapolis Times, Indianapolis, Marion County, 2 February 1939 — Page 24

Page PDF (15.20 MB)

Back to issue view

a’

)

ULI SHES | FEATURE RISE IN N.Y, STOCKLIST

olumbia Gas Preferred ‘A’

Rises 4 1-2 Points; Chrysler Up.

NEW YORK, Feb. 2 (U.P.).—Be-| lief that the Government would seek

month since May, 1930, vs. $339,250,000 in December, and $190,186,-

* 000 year ago; awards for week end-

ed Feb. 2 were $59,036,000 vs. $49,483,000 previous week and $70,808, 000 year ago.

CORPORATION NEWS

Compo Shoe Machinery Corp. 1938 net profit $250,316 equal to $1.71 a share vs. $301.004 or $2.07 in 1937. New Jersey Zinc Co. 1938 net income $3,220,314 equal to $1.64 a share vs, $7,871,914] or $4.01 in 1937; December quarter net $1,035,210 or 53 cents a share vs. $1,347,986 or. 68

cents year ago. DIVIDENDS General Outdoor Advertising Co. $1 on class “A” arrears payable Feb. 15 record Feb. 10. Interlake Steamship Co. 25 cents payable April 1 record March 15 vs.

like payment Dec. 23, 1938. (Copyright, 1939, by United Press)

Curb Stocks

Net High Low last Change 5 5% 5%

Aero Su ries a Vy Am Airlines .. 21% 21 21Y, % Am Cyan B ... 24> 24% 24% + ¥% Am Super . .... % 3 34 dase S50 &EA 7% “Vg Vs eves Bellanca Air .. 9% 9Ya oY, + Y Brew Aero .... 10% 10% 10% .... Carrier Corp .. 17%. 112 17% + Yi Cities Serv .... 8s 8 8% eee lO &G :... 4% 4s 4Y, .... Cooper Bes .... Tl Vs Ts + Crown Dfug .«. 1% 1Y LE G ® ... 1% 1% 1% + Ya Ea G&Poropf.22 22 22 + % B&S ..... 10% 10% 10% + ¥% El B&D 6 pf 64% 64% 64% .... iP P 80 80 80 -— 2 f Oil ...... 362 386% 36% — Humble Oil . 66 66 66 . eed Air .. 30% 30! Wh + % Midwest Oil 84 8V4 8? . Mont W A... .1614 led 161% pe a, N Am L & P.pf 60%: 6014 0% .. . Erbe B50 Ch HL iw a Sherwin w of 114 114 114 oe Sunray 2% 2% 2Ys — YY Technicolor 19% 19% 19Y% .... Un Gas Lees 27% 2% 078. see UnL&PA.. 2% 2% 2% ....

SEE FINAL EDITION OF THE TIMES Ba FOR OTHER LATE NEWS AND CLOSING STOCK QUOTATIONS.

“| prices on farm

* State Farm Commodity Prices

fie

appeasement of the utility industry a Net shortly. to set off an expansion PIO ed Chem oe : Xow Jas Change gram brought buying into the utility | aiis" chali oo 40% 40% 0% ='% shares in the Stock Market today. [Am m Chain 0. 03 Ns 2 2 aves Heaviest trading centered on the|am Toco -..... 25 (25° 5. + '% utility division. Columbia. Gas led Am P&L 57 A A $38 [3% ou + I in volume. It touched 8 for a gain|am Smelt ..... 45% Lx Bia + 1% of % point. Its preferred A stock|Am Sil Fdies . 33% 384 #4 — » jumped 4% points to 80. Consol-{am Zinc . .... 8% 6% 8% .... idated Edison sold at 32%, up %;|Anaconda...... 28% 20s 29% + % Commonwealth & Southern pre-|Asso Dry Gds.. 8% 8% - 8% + ferred 52, up 3%; Electric Power Sn ee.” 5” 2" x Ja Ys i er|Atlas Pdr ..... 63 63. - Light 113%, up os 28d Its D - Austin Nien 3 3 3... cent preferred 37%, up 1%; Rost Avia Corp -.... MW TH % ll neers Public Service 6 per cent pre- Ba : = ferred 80%, up 1% and equal to the Bald Loco ct . .14% 14 14 4 Y 1938-1939 high; North oreo en ina Tou 13% 184 19% ft 24%, up % and Public Service of Beth Steel ....¢ gts 8 + New Jersey 33%, up %. |Borden ....... 17% 17% 1% + % Chrysler rose to 74%, up 1% in a deep! Bass + 1 Re 3h, firm automobile section. Rails, some C— of the oils, amusements, and tobac-|caiiahan Zinc . 2 3 qi cos made small gains. Aviations Cznada DIY. « ass .1 % 18 18 <n . made a quiet advance. U. S. Steel|Celotex ...... 1842 167 1632 .... : rose 1% to 59% and Youngstown|Ches & Ohio. 34Js 3tfs 34js — 2 Sheet & Tube 1% to 467% to fea- Ch&Nw, Ry. 5 A Je 53h SiN ture the steels. Coppers were frac-|Ghresier ”... .. Ty Tw TY Lu tionally higher. Cmax duel Co3lh 53 53% 4 4 Treasury Bonds at High gor Broadeas; A A } Ya 18% ist * Ya Three United States Treasury |Som.Solvents... 11/2 1% 11% + * . 8 x4 Bs sens bonds made new 1938-39 highs as|Sons Edison ...82 42 32, + HU the Government list featured a gen- Container 1 2 137% 13% Pty rally Yising bord market. rated Sora Prod ..1. 8 3h 83k ai ra “Ga e Governments Yeisen 5 8 : “ene upward to 7-32nd point with volume | gang O%<¥ PL: 10 0s. M8, of turnover moderately active dur- |Curtiss-Wr ‘A’. BR Be %% .... ing the first part of the session. i, Domestic. corporation liens estab- [Deere of ..--... 24% 24% 3476 — Js lished narrow advances at the open- Dome Mines-.. ie 3 31% ji + Vy Ing and extended fheis gains (nals Douglas, AFF ... Wiis 1 wr, wh Ton mucin as po : e —— in the first hour. Utilities were in Eitingon Sch . 2% an Cane lL, best demand. Tennessee Electric 6s Else gute L L. - 33% 2% : 3% 1 2 rn ani ay hy 3 1 a ectric liens had gains|Eng Pub S ..... 8 Ys ranging to about a point while New (E0¢ f 8.6 of. sis ada sift +1 York City Traction issues were up 1 Fasten Animes: 13% 13% 13% * bh X 8 pan gg industrials were quiet FI Fen Eh Te and moderately higher. Firestone T .... 22 22 2° 4 Y Aire rafis Lead Advance Freept- Sul co. 24% 24% 24% esos Aircrafts led a quiet advance on |Gen Motors ... 464. 4575 9 + % the Curb Exchange during the gill £ $5 pf . sn 5 45% + » early trading. Small gains were |G? North pL 2% 2 Hy — 1 noted for Grumman, Fairchild, |Greyh Cp ...... ss 11% 11% + Y% Lockheed and Bellanca. Numerous js Fi . other industrial shares joined the [Hecker Prod BART dT AT rise with fractional gains main- |Herc Ie bid id 77 “, tained in American Cyanamid B. Homestake .. 89% 83% 83 T 7 Carrier Corp. and Babcock &|Hud BM &'S. 3% 3% 33% > 7 Wilcox. . s 17% 8B coon fe Utilities were little changed for 16 16% 16 res the most part, although small gains |Taa ‘Ragen ..o. 31° 21° 21° Ill ere noted in Electric Bond &|Iniand Su .... 834 81 8 Fig zare and American Gas & Elec- nterlake Ir. 12% 1244 1214 cr tric. Oils were mixed and minings |]o} Agric .--... 2% 2% 2% — % steady. nt P& P ... 12% 13% 12% + Y% me Joe ”» # 2 $ Johns-Man .... 932 98% 932 ..es Today's Busi Sl K sees. 9 9 Hause 0 ay S usiness Bassa 36% 36% .36% + % At a Glance Lambert . vei an 14% Js —-—Y L-O-F Gl at 6 46 "46 GENERAL BUSINESS Ligg & } My B a4. 104 104 0 Engineering News Record reports Loriilard ah aA 0% + % January: construction awards off —Me—c EE xd $311,693,000, best for that month {mack Tr ....... 27 7.231 + % since 1036"and weekly average of iio BB" BF -d $ Was Mesta Mach. 34% iw Fw Tw

Indiana University Bureau of Business Research

NE Ww YORK STOCKS

Bv United Press

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday “savas secassnes 142.43 --1.3% Week AZO cccoovseceseees 136.42 4.30 Month Ago ..... escecsesss 153.18 1.67 Year Ago ........cc000000 118.49

—4.57 High 1938-39, 158.41; low, 98.95. : High, 1937, 194.04; low, 113.64.

20 RAILROADS ; {Yesterday .......c.c..n00e0 29.38 —0.36 Week Ag0 ........ eesesssnse 21.93 -f.91 Month Ag0 ....cccocces sees 83.26 —1.07 | YOBP ARO ...: cov iisnensonne 27.08 -0.89 High 1938-39, 34.38; low, 19.00. High 1937, 64.46; low, 28.91. * 15 UTILITIES Yesterday .......cc.cusvass. 23.27 0.18 Week Ago ..... esessscssces 22.30 0.59 Month AZO ....cocveaeonses 22.96 -0.24 Xear Ago .......... cin. 18.25 0.91 High 1938-39, 25.19; low, 15.14. High 1937, 37.54; low, 19.65.

High Low Midland Su . . 25% 25% 25Y%s + Y Mo-K Tex ..... 1% Ya I 0... Mont Word: | 48% 48%; 48%a + Wa —N— Nat Biscult eve D8 24 24 + % Nat Distillers .. 24% : 24% 24% .... Nat Gypsum ids 14Ys 14%s + Ys Nat Lead -...... 3Vse 23Ys 23Yy — Ya Nat Pwr&Lt i 73% TT + Ya Nat Sup Penn 12% 12%, 12Y, — N.Y Central 18Ys 18Ys 18Ys + 3 NYC Omnibus .. 34% 34a 34% 4 ¥% NH & 1 id 1 Cees NY NH& Hopf. 3% 3% 3% — Y% No Amer ....... 24 237% 24 + Ries fe 84 0s Ig acific ..... 2 8 No St Pwr pf.. ‘10414 10415 104% >, I, Otis Steel ...... 12%: 13% 12% 4 4% ‘ Pe Pac G & El.... 293% 29% ' 20% ...s Pathe a Ju 3 3 ty Patino_Mines.. 11% 11% 11% + # enn: R'R..... 0% 20% 20% + Pet Corp Am.. 9% Vg 9% + Phelps dg .. 39% 391, 39% +4 1p Philips Pet . 38% 38% 38% — ¥ Pitts Sc & B T% T% 1% <4 Ya Elesev Und mg wg td LH EUWIIMAan |. cco 4 Bure Oil 1... Se Wn mri —R— : Radio saves oo 7 Vs Ys 0 Mot ...... 1% 11 112 i oe Republic Stl... 21 1 1 + % afeway ...... 37 37 1 t. Jos Lead .. 39% 391; 391 — 1 chenley Dist.. 14% 143% 143, — 1 eab’d Oil 20%2 20% 202 + Ya Soors Rochuck. Bu Bu Bn Lu e 4 8 Shell Un pf.. ‘108 6 06 “ese Socony-Vacuum 12% 125 12% — Ya o Cal Ed...... 237 33% 23% + ia youth Pac 17 17 17 + VY outh Rv ..... 83% 18 18% + 4 Sperry-Corp .. 43% 437% 43% 4 Ya Std Brands ... 6% 6% 6% ..4. Std G&E ...... 3%, ‘3p 3p 00 Std O Cal..... 27% 27% 27% — Ys Std Oil Ind 27 27 27 .e Std Oil N «49% 49% 49% 4 Superios oil ve 22% 2% 278 ude Swift & Co.... 19 19. “19 c..e Tl Texas Cor 4433 44% 443% .... Tex Sul..... 30%. 30% 30Y +4 L T.....e0 Ts 7 % =— Ya Thermoid pf .. 17% 11% 17% .... Tird Av Ry..%.. 2 SE Mae Transamerica . 6% 65 6% = Yi 20th Cen-Fox.. 22% 22% 22); .... me Union Bsp’.. . 9% 93, 9% = 3 Un Oil Cal..... 8% 18% 18% 4 Ya Un Air Lines.. 10% 10% 10% + % United Cp pf.. 34%s 34's 34ls — 1s United Dug oo BY 5% 3% 4 1s Un Gas 12%, 12% 12% .... U 8 For Sec of. 8% 8% 8s .... U 8 Gypsum_..100 993% 99 —_ Ya US Pipe & P.. 42% , 431 42% — U S Rubber ... 43%, 43% 43% + 3 U 8 Steel ...:i: 8% 58% 58% + 7 ; — We ; Walgreen .... 17% 17% 17% + % Walker (BH) ":::° :°46 46 + Wi 108% 108) 106% + Ya Willys oF ad: oes 4a a 3 ie esis flson cd iF 4 vise oodward fron ai} “91 21Y2 == V5 oolworth .. 48 ves Br: ; Yellow Tr ..... 18 18 1 oh Young Sheet .. 45 44% 8 oh 4

WPA WILL COMPILE FARM PRICE RECORD

Figures Before 1914 to Be Used in Basis for Future List.

A WPA project to compile records of farm prices from 1914 as far back as there are records, was announced today by Stanton T. Bryan, deputy WPA administrator. The study, to be made in connection with the School of Agriculture at Purdue University, is for the purpose of prep a basis for fair ucts in the State, he said. Old newspaper files and mill and elevator records will be consulted in the study for past farm prices and conditions which affected their fluctuation, he said,

B. & 0. CARLOADINGS SHOW AN V AN INCREASE

Times Special , BALTIMORE, Feb. 9.—~Carloadings on the Baltimore & Ohio Railroad for the week ended Jan. 28, totaled 39,604, including 25,135 cars loaded on line and 14,469 received from connections. This was an increase’ of 4605 cars loaded over the corresponding week: of ‘last year, when the total was 34,999, comprising 22,474 cars loaded on line and 12,525 received from connections. Last week’s loadings were also 1218 in excess of the previous week when the total was 38,386, consisting of 24,843 cars loaded on line and 13,543 received from connections.

DAILY PRICE INDEX

NEW YORK, Feb. 2 (U. P.).—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): : Yesterday 00sec cicessscnesoe 105.65 WEEE ABO ..coesecassnvess.es 10543 ‘Month Ago ®00 0000000000000 105.68

Year Ago ....... cradeerees 11388 1938-39 High (Jan. 10, 1038) © 117.06 1938-39 Low (June 2)........ 102.43

[TELE

FACT]

1 a ELE foo. & PACIFIC B58 Miles

i 4

IS7 MILES

INT TH = 172.mites

HOW FAR FOR YOUR MONEY

(100 LBS. OF FREIGHT

LIN THE EA 100 ss

U. S. BANKS ADOPT NEWER METHODS

NEW YORK, Feb. 2 (U..P.).— The nation’s banks are adopting new business methods because of the changed conditions under which they are now forced to operate, Leonard P. Ayres, chairman of the research council of the American Bankers Association said today. Intermediate capital loans to business are being extended, enlarged volumes of mortgage loans ‘are being made on a plan of “scientific

personal loans or consumer credits are being established, he said. These, he added, are only some of the means whereby banks are attempting to offset the “changes which have occurred in our national life” and have reacted upon our banking “to a distinct degree.” An outstanding example of these changes, he pointed out, “is the publicly expressed demand that social service and responsibility enter into banking in a larger sense than ever before.”

DU PONT ’38 INCOME UNDER ’37 FIGURE

WILMINGTON, Del, Feb. 2 (U. P)—E. I. du Pont de Nemours & Co., today reported in a preliminary

statement consplidated net earnings for the year ended Dec. 31, 1938, of $50,190,827 equal to $3.79 per share

charges. This compared with net earnings of $88,031,943 -or $7.29 per share on the common in 1937. The company received $14,628,621 from its investment in General Motors Corp. common stock during the year compared with $36,672,635 in the previous year.

NAMES FOUR TO NEW WESTINGHOUSE JOBS

PITTSBURGH, Feb. 2 (U. P.).— Vice - President Ralph Kelly today announced four appointments in the personnel of the Westinghouse Electric & Manufacturing Co., including the promotion of Frank Howell Stohr to manager of all industry sales department. Manager of the recently consolition and generator

{dated transportfa “| division of the company, Mr. Stohr, a native of Iowa, was to take over’

his new duties’ today.

Other appointments were: R. A.

C. F. Lloyd, manager of the central

navy and maritime activities.

FOREIGN EXCHANGE (NEW YORK Feb. 3 (U.P. Following

England pound) | ri b r)

ceceessae

<+.0000%

El hit + ($826% 4.00003 +0008

a) a uN Ferm: any ly (tr

200

ma! witzeriand of A

Ro eee

Net Last Change.

amortization,” and many: types of [52

on the common stock, after all

‘Neal, assistant to vice president; |

station sales department, and W. A.| “| Purst as full-time co-ordinator of

Cable Rates Net g 20 ‘ erie Change

1): wife : RY ed the due

“IWHEAT STAYS IN|

RUT AT CHICAGO; TRADING IS DULL

|Firmness at Liverpool Has

Little Effect; Corn Is Steady.

CHICAGO, “Feb. 2 (U. P)— Wheat prices stayed in- a rut around previous closing. levels in dull trading on the Chicago- Board of Trade today.

wheat was unchanged to off 1: cent, corn unchanged to up % cent, and oats unchanged. : Firmness at Liverpool had little effect on local wheat trading other than to restrict selling, Trading was very light. North American ‘export sales of wheat included about 200,000 bushels of Pacific Coast Manitobas. Winnipeg wheat held steady to % cent higher.

to % .cent higher, losing part of early gains on late selling. Firm Australian offers and better demand for Argentine wheat were constructive factors. The United Kingdom bought a cargo of afloat Argentine wheat.

precipitation in the Southwest and

forecast mostly clear weather in

the grain belt. i Corn prices were influenced somewhat by higher Liverpool futures, ‘but lack of export demand discouraged the buying side. Local receipts of corn included an estimated 77 cars. Wheat receipts were placed at 31 cars. :

CHICAGO GRAIN Opening prices today on the Chicago Board of Trade, as reported by Thomson & ‘McKinnon, were:

May No July Sept. Wheat— $5 @.6918 5.68 @.687% 8.693 orn 2 505 @. 50% 51%@ 32% 523 Rl saves . cascee * ave. jaiia A4658v cososs aAsked; b

WAGON ON WHEAT

cy gzain_sl Slevatore are paying for No. 3c; other grades on eir merits. Sari corn, new No. 2 0. 2 yellow, 45¢. Oats, 25c¢.

LIVERPOOL WHEAT

High Lo lose Rey March old ...$.67 $.66Ys $.665% $.66% ‘March new .. .62% .62% 623 .62Y May old ...... . 673% .66% .66% .66% May new ..... Sh 3%. 63Ys .63V JUIY seesnneene 5%a .64'2 64% .64) N. Y. Bonds BOND PRICE INDEXES 20 20 20 60 Inds. Rails Utils. Bonds Yesterday ..... 86.2 58.4 99.9 81.5 Week ago ..... 857 569 95.1 80.6 Month ago .,.. 86.2 61.2 99.3 82.2 Year ago ..... 80.1 64.8 92.1 79.0 Two years ago. 94.8 100.1 105.2 100.1 1939 high ..... 86.7 61.8 100.3 82.7 1939 10W ...... 85.6 56.9 99.1 80.6 1938 high . 813 70.0 99.7 83.0 1938 10M ..coe. 74.9 47.9 81.3 T0.%7 1937 high ... £950 101.2 106.0 100.7 11937 low ...... «801 "6938 = 923 81.1 1936 high ..... 4s 100.4 © 106.2 © 100.2 1936 low ..... 103.5 93.3

84.7 (Copyright, ~yo39;" Stasi Statistics Co): ] Us GOVERNMENT BONDS | ! . Treasury Bonds s igh Low Last 8Vas 1945-48 .....es. 18s 110.5 110.5 3s 1948-46. ...ce0.0...109. 109.7 109.7 3s 1949-46 cone 1109: 3 109.27 Jos. 3

414s 1952-47 ........ 119.5 1195 2%s 1960-55 ....... «105.3 105.3 105.3: 2%sS 1963-58 ......... 103.14 103.14 103.14 ; ae Owners Loan Bonds 2%s 1044.42 ......... 104.12 104.12 104.12 3s 052 dk arse saben 107.10 107.10 ‘107. 10 FOREIGN BONDS igh Low Last Australia 55 - 55 ...o oI 99% 997% Brazil 85:41 ........... 13 (12Ye 3123 Brazil Cen R Ts 52 111 11 11 anada 3s 67 ......... 100%s, 100% 100% Denmark 42s 62 ...... 93Ys 93% 93Y German 5'%2S 65 ...... 18% . 18% 18% Japan 5%s 65 ...l.... 0 0 60"

.. DOMESTIC BONDS jien L Low Last

Am TT 3%s 61 ........ 107% TVs 107 B& O45 60 cv ..r... 17 Dis Wn Can Na Ry 5s Oct 69..118'2 1181» 11815 an Pac 42s 46 ...... 99% 99% 99 Cons Edis 31525 48 ...... 106% 10634 10634 Int T & T 4%48'52 ..... 63Ys 63Vs 63 Mead Co 3 Yes 2 wv... 108%, 1099 103% T Fan ERS A A al adio K O 6s 41 ...... (8 n He

LOCAL PRODUCE

Heavy breed broilers, 4% lbs. and over, 13c; hens, under 4% Ibs., 13¢: Leghorn hens, 8c; Barred and White Rock spr ers, 1% 1bs. and per, Sats colored Bes nglers,

ers, 112 lbs. and up, 1% lbs, and over, i107 ah ra hens, ickens, 2 1bs. and over, 13¢;

= o

ng-

22!

4c; spring old roosters, 9c. > 1 stric 4 2 fresh country each ase must wei Se: a net deduction of 15 cents for each

hE rio

- =0

ull case dey i azine; be made. T—NO . 3 . dy 5 Butterfat—No, 1, 230: Na. 3, 1a, 2 &26¢

3c: (Prices quoted by Wadley So.).

At the end of the first Hone 28

Liverpool wheat closed unchanged |Good—

The weather map showed little Good

+ | storm advance early in week

Hog, Vealer Prices Hold: Lambs Rise

Hog prices held steady on all weights at Indianapolis today with the top price for 160 to 170-pounders remaining at $8.25, according to the

- {Bureau of Agricultural Economics.

Vealers also held steady to a top price of $12.50. Fat lamb prices advanced mostly 15 cents, good Texas rail offerings going at a top of $9.35. Natives were scarce, with better grades selling from $9 to $9.25. :

m—

CHICAGO LIVESTOCK

Hogs—Receipts, 8000; market, - fairly action. generally 10@20c Riener than Wednesday's gYerage: io top, $8.15 Jule ood and choice, $7.85@8. 30 250 lbs.. $7. sas: 260310 1bs.. $7. oad ood 350-550 packing SOWS, ar ew lighter i up to $7.15. .

Cattle—Receipts, 4000; calves, 1000; medium to good grade fed steers with weight, 25 cents lower: slow at decline; comparably yearlings about steady; but general undertaone dull, except 2 strictly and choice ofterin gS: bul @ 150: Teme top. © peld to .for long

earlings; next hi a 3 ric 4 Rs 1 ight Ry bes Ww we! Ie) a ocks, $12. shipper demand narrow:

now gone, and most medium to near choice wei fenty cattle lower than late last week; all other classes Steady to stro ong: heifers Scarce, best. around $10.50; cutter cows, $4.25@ 5. few strongweights, $5.75; sausage bulls vith os ne 33 ing Ss up to $7;

vealers, Sheep— 0a He 000: lat Wednesda’ bul 8 25

aft larabs on o@15c it to traders; packer top, $9.35: steady: slaughter ewes, $4@

Eliters: “bulk slaughter ewes, small lot, $5; best held higher,

OTHER LIVESTOCK

CINNATI, Feb. 2 (U. P.)

—Hogs—

; common and medium, slaughter ewes mainly, $2@3.

Chicago Stocks

High Low Last

Abbott Lab ...cee00.... 25% 25% 25% abst, Ei of . sessese 8Y2 82 © 8% Chgo Corp .....; ow 1% 17 1% Commit Pedisond’ : 27% 271% Fuller Mfg Co 2Y, 2Y 0ssard Co ....e. 10% 10% Heileman Brew ... 7 7 Katz Dru wre 4% 4% Lawbeck f vues 30: 30 id West orp - ore 2. 1% Mont Ward A 162 162 uskegon M Sp 17 17 oblitt Sparks 23 23 No West gin 16%2 Penn Gas & E A © 4 4% Rollins HOS .c.c.eee 2 ngamo El 23% Storkline Furn es 68 y 6% Utah Rade “Prod” eee 13 1% 1% Zenith Radio ....cece00 18a 18Y%s 18s

U. S. STATEMENT

WASHINGTON, Feb. 2 iL P.).—Government expenses and receipts for the current fiscal Jear [oven an. 31, compared with a year i

ast Soar .$5,222, Ho. 404 1s $4,262,464,425.37 R eceiuts .. 3.235.436,995.84 3.510, 99a, Li 12 Gross def. 1.987.153 408. 32 751.5 et deficit i 961,543,4 . 2,932.9 ,6 40 3340.500 1. 2.288,964,042. ti 1. ass Pub, ‘debt .38631,276.260.53 37,452 257 210. 39 ..4,680,899,211. 1 12,755, '353,307.41 Customs . 187.937,699.83 "239, 961, 281, 11

INDIANAPOLIS CLEARING HOUSE

veseesses $3, eer ivnssssaanetenr even sns $6.435:000

Noi

® #. =

wife, if no joint return

arate returns are filed, one may.

Joint return is joint and several.

personal exemption .of $2500 may

If taxpayer's net income is not ‘Husband and wife may ‘elect turns have been filed for

Your Federal Income Tax Husband and Wife Living Together May File Joint or Separate Return.

Who Must File Returns Returns are required of every individual who is single or who is married but not living with husband or wife who for the year had a gross: income of $5000 or more or a net income of $1000 or more, and of every individual who is married and living with husband or

individual has a net income of $2500 or more or a gross income of $5000 or more and the other spouse has no gross income, or (2). such individual and his spouse each has a .gross income, regardless of the amount of net income, and the aggregate net income of the two.is $2500 or more, or (3) such individual and his spouse each has a gross income and the aggregate gross income is $5000 or more. Widowers, widows, divorcees, and married persons separated by mutual consent are classed as single persons. The personal exemptions are $1000 for single persons and $2500 for married persons living together and for heads of families. Husband and wife living together at the close of the taxable year may file a single joint return (even though one has no gross income) or make separate returns of the income of each. If sep-

to the other, but must report only the income which actually belongs to him. If a: joint return is filed, such return is treated as a taxable unit, and the income disclosed is subject to both the normal tax and the surtax. The liability with respect to the tax on a

either hiighang: or wife is a nonresident alien.

If a joint return is not made by an agent of the taxpayers it must be signed by both husband and wife and sworn to before a proper’ officer by the spouse preparing the return, or if neither or -both. prepare’ the return, then by both spouses. ‘When separate returns are filed by husband and wife, the joint

tween them in any proportion as agreed upon. - In filing a joint. return husband and wife compute the earned income credit in the same manner as in filing separate returns.

income is considered to be earned net income.

return or separate returns. Where, however, joint or separate reof

s 2 =

is made and if (1) such

not report income which belongs

No joint return may be made if

be taken by either or divided be-

more than $3000, the entire net each year whether to file a joint

Jan, Top Rects. Ban, Top Rects. 26 ...$ 8.15 5293] 31 ....$ 8.50 5449 3 2 838 Sooo," ob. : 8.25 8789 30... 8.40 4403. 2 .... 835 2001 Barrows and Gilts | Packing Sows 7 Good: and ao od Choi $ 6. 85 1. 10 1do- 160 4:1 $7. 50- : 338 2 So a 7.00 RC - - = 550. 6.10- 6.75 220- 250. 7.80- 8. 08 Slaughter Pigs 250~ 290. 7.40- 7.90/Good and Choi 290- 350. 7.00- 780 180. Jeo 97. 25-3 - 1.13 CATTLE um ts Steers A Bd Chotce— lan weight 750-900. $10.50-11. IH G'd bf. 8 7.00- 7.50 00-1100. 11.00-12.50| Medium. 6.50- 7.50 1100-1200. 11.75-12.75| cut. com. 5.50- 6.25 780- 900. 11.50-12.75/ 41) wetomiier® 1390-1100. 9:00-1078| "Choice. wn. 00-12.50¢ 1300-1500. 9.25-11.25 Medium ~~ 11.00-12.00 Medium—. Cull an 50-110 8.00- 9.00 common 6.00- 9.50 1100-1300. 8.25- 9.25 Calves Common Plain— (Receipts, 331) 750-900 _ 17.00- 8.25/Choice— 250-400 .$ .00~ 9.00 Choice— Good. ... 17.00- 9.00 750 900.$ 9.75-11.00 Medium 20: 2.00 750 900. 8.50- 0.75] “Feeder and €0 350-90; 900. 7.50- gs] Stocker Cate 550- 900 6.50- 7. 50] 400500 . 8 1.75- 9.00 OW! Good . 0) a1 7.28 200-1300... 7.50- 8.75 Me um. - - 500- 1050.. 7.00- 7.75 Common 5.50- 6.00) FITC 6.35 1.35 & cutter. 4.25- I i and C ag 550- 760 .$ 7.00- 8.00 Common an nd medium.. - 5.00- 7. 00 SHEEP AND LAMBS (Receipts, 3172) lambs Good a; ood and - 9.35 i 7.18- 8.90 ohoice. + : 9.10- 9.3 | aed ums 1 5 340 Ewes Good and choice .....co0..0 ...$ 3.50- 4.50 Common and medium .ccceeees £ 2.00- 3.50

21& Co., after the most spirited bid-

88.33 | States in the week ended Jan. 26

2,000{ from 292 in the preceding week snd

‘land 19 in the like 1938 week.

OF REAL SILK 1S ABOVE 1937

Estimate Puts Consolida'ed Profit at $119,081.49 For Year.

Consolidated profit of $119,081.49 for 1938, after provision for Fedaral income tax, depreciation and all charges, was announced today in a preliminary estimate by Real 3ilk Hosiery Mills, Ine, and subsidiary 1 | companies. This compares with a consolidsted profit of $20,583.33 for 1937 after provision for Federal income . aX, depreciation and all charges, including $76,154.62 for Indiana gross income taxes on interstate shipments. This latter item was credited to surplus for 1938, since the U. S. Supreme Court declared such a tax unconstitutional in 1938, company officials said. Depreciation charges against operations for 1938 are approximately $21,000 less than the amount charged in 1937, officials said. The preliminary estimate is subject to such changes or corrections as may be made as a result of an audit now being conducted by certified public accountants in conrection with the preparation of the company’s balance sheet and operating .statements as of Dec. 31, 1938.

PRODUCTION OF ELECTRICITY UP

Advance in Weekly Total Is Fourth Consecutive Increase.

NEW YORK, Feb. 2 (U, P.)— Electricity production advanced for the fourth consecutive week in the period ended Jan. 28, the report of the Edison Electric Insiiinie re=vealed today. Production was Placid at 2,202,594,000 kwh for the latest week: a gain of 9.2 per cent over the 2,0¢8,~ 968,000 kwh ,produced in the corresponding 1938 period. In the preceding week output of 2,289,559,200

cent over the 1938 week. The New England District msde the best showing with a 14.9 per cent gain over a year ago. Year2 | to-year gains ‘in other regions

S| ranged from 0.8 per cent to 11.9 0; | per cent. The following table shows the percentage change from a year ago for the latest two weeks by major geographic regions:

CINCI Receipts, 1800: holdover, 450; market, Week Week airly active, Steady to i0c higher; top, Re egion Jan. 28 Jan. 21 230: 200-225 $8.15; 10 0-140" 1bs. w England ...cosec00. 4-149 +12.7 [email protected]; good packing Sows, Middie Atlantic insures + 9.0 +:7.2 $5, foae 25! : Central Industrial ee A +11.9 +11.4 Cattle—Receipts, 250; calves, 300; mar-|West Central .........t + 0.8 “+ 13 ket, slow on light supply, about steady: 9 + 6. Youliprine $9129.50 ing _ He eciter 2% nt 1 og 3 78 eariings T'S. “ cae, eligible around, $6.50@"7: | Total United Steer 9.2 + 8.6 nian $188" ton $4 ass 530: top bulls Lh re. quota op vealers, p—Receli] 200; market, steady. evans ty and welints Considered: 42ound P RIZE HOG: BRINGS ea mi! um 0 mes p24 £00! - fed western lambs, $9: and choice §iusked i _ natives. ‘scare snd uo ted Irom 15 CENTS A POUND

DENVER, Feb. 2 (U. P.).—Pork at 75 cents a pound was the price paid today for the 210-pound grand champion fat hog of the Denver National Western Stock Show. Establishing a new record in the history of the show, $75 a hundredweight was paid for the hog, ¢xhibited -by Thomas Currier, 14, of Adena, Colo. The champion ‘has no name. The animal was bought by Swift

ding of the day. Last year’s cham-|-, pion brought $25 a hundredweight

and the previous high was $70, paid in 1926. \

BUSINESS FAILURES EXCEED YEAR AGO

NEW YORK, Feb. 2 (U. P)— Business failures in the United

rose to the highest level since the week ended Feb. 10, 1938, Dun & Bradstreet, Inc., reported today. Total insolvencies advanced to’ 301

compared with 334 in the corresponding 1938 period. Failures with liabilities of $5000 or more totaled 160 against 185 ithe previous week and 192 a year ago. Canadian insolvencies increased to 29 from 17 the preceding period

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not repre-

indicate the approximate. market 'luvel based on buying and selling quotations of recent transactions.

Stocks | Bid Ask Auto Invest. COD .......ce00 Va 9 Belt RR & Stock, . Yds com.. > 50% £3% R & Stock pfd ........ BlYe .i. 3 Ind Power. Toh pid ...... 30% 3% Home T&T Ft Wayne 7% pfd.. 52 £4 Hook Drugs Inc com ......... 102 13 Ind & Maen 1% pid Vege enna 108% ... Ind Gen 6% pfd ........ ig Ind. Hydro-Elgctric” 1% Pid.. 59Y2 62% Indpls Gas Co cones 120 ds Indpls Pécls 6 } Leesan 100% 103% Indpls P&L 6%% pid.. «.105 108 Indpls Water Co 5% pid ...... 03. J. Lincoln Nat Life Ins Co.co 242 212 N Ind Pub Serv 5%2% pfd.... 156% ‘8% N Ind Pub Service 6%’ pfd 82% E52

N Ind Pub Service % ord... 8 91

Progress Laundry C 13 Pub Service Co of - Ind 9% ‘pd sv 2% Pub_Service Co of Ind 6% pid 26 2 So Ind G&E 4. vid.i....... 95 98 T Haute Title A Co com... 25 28 Van Samy Milk CO ..scosens 60 62% Van Camp Milk Co chm ceses . 10 il%a Bonds Amer Loan 5s 46 ...........: 100 Citizens Ind Tor 4a. él ivi sts 102 108 Crabbe nolds-Taylor 5s 42 92 100 Home Pt W 5% 55 ..,..103 13 Home 6% 43 ..... 104 108 Ind Asso Tel 6% 65 .......... 105% 107% Ind Tel Co 5% 60 ........... 97 100 ndpls Railway Inc 5% 67..... 53 53 ndpls Water 3%% 68 ....... 108 101 [nter Tel & Tel 5% 63 ...... 98 100 Kokomo Water Wks 5% 58 102% 104% Krusner Packing Co 4Y%s 98 101 Morris 5&10 Stores 5% 50...... 99a 103% Muncie Water Wks 5% 65 ....102}%2 ... Noblesville HL&P 62% 47 ...100%a 103% io Tel Co 6% 47 A 3% 100 Public Tel Co 4%% 55 '. 10) Richmond Water Wks 5% 87; 103% 103 Seymour Water Wes 5% 9 ..100 103 T Haute Water Wks 5% ..100% ... T Haute Water Wks 6% 49°... 101 eb Trast: en COrP 5%-:.eeceeeeee 623 63% Market St “Investment Corp.. 22,93 24.64

Passenger Cars

{Laurette Taylor and Mary Martin,

kwh represented a gain of 8.6 per ]

sent actual bids or offerings, but mevely|

TONIGHT

7:00—Kate Smith, WFBM. 7.00—Rudy Vallee, WIRE. 8:00—Good News, WIRE. 9:00—Bing Crosby, WIRE. 9:00—Andre Kostelanetz, WFBI.

A guest star in Indianapolis net so very long ago, Lauritz Melchior, Metropolitan Opera tenor, will be Rudy Vallee’s guest tonight at 7, NBC-WIRE. " Others booked by Mr: Vallee for his first Radio City broadcast in several months, include

Broadway stars, and Sam comic,

Levene,

Naar ogo Followers of the Metropolitan Opera broadcasts Saturday afternoons may want to hear the preview of Verdi's “Aida” scheduled for 5 this afternoon on NBC-Red. Norman Cordon, basso, who will sing the role of the Egyptian king, will discuss the me and plot. # A witimatening contest: between Douglas Fairbanks Jr. and M. C. Walter O'Keefe of “Tune-Up Time” should be the highlight of tonight's program at 9, CBS-WFBM. Mr. Fairbanks might even play the piano—said to be one of his “comic” accomplishments. Andre Kostelanetz and orchestra and Kay Thornpson’s “Rhythm Singers” will contribute their usual bits. 8 » o Another screen star, Mickey 00ney, appears at 7 tonight, NBCWIRE, as star on the “Good News’ program in a radio version of Mark Twain’s “Huckelberry Finn.” Rex Ingram will be “Jim” and Elizabeth Risdon will play the role of the widow. Other guests of Robert Young will include Meliza Korjus, soprano, and Harry Warren, composer. ® ” 2 Cinema stars with Messrs. Crosby

"ON THE RADIO

will be Miriam Hopkins, an old alumna, and Harry Carey, once & cowboy star and now player of character parts. Bing’s contributions will include “Jeepers Creepers,” “Thanks for Everything,” “When It's Apple Blos som Time in Normandy,” ‘Deep: ina Dream” and “Lonely Trail.” » » » 3 “How Can Europe Avoid War?” will be discussed by three authorities on European affairs onthe “Town Meeting of the Air” program, 8: 3 tonight, NBC-Blue. Jan Masaryk, former C vakian ambassador to England and son of the first president of the Czechoslovakian Republic; Bruno Roselli, author and lecturer on in ternational affairs, and Dr. Earle Raiguel, authority on national and international conditions, will seek’ to settle the question. Following the talks, the customary question and answer period will be conducted by George V. Denny Jr, Town Hall president and moderator. ® # » 4 :

The Ole Maestro and All the Lads oper an engagement tonight at New York’s Hotel Pennsylvania. Mutual carries his mutterings. 2 » ”

A development of the operatic and concert overture forms plus a review of the lives and works of the composers, Franz Schubert, Robert Schumann and Felix Mendelssohn, will be considered during the NBC Music Appreciation Hour at 1 p. m. tomorrow, NBC-Blue. Dr. Walter Damrosch will conduct the orchestra in Beethoven’s Overs ture to “Egmont,” the Overture to Thomas’ “Mignon,” the first movement from Schumann’s Concerto in A minor, the Second Entr'acte from Schubert’s “Rosamunde” and the

and Burns at 9 tonight, NBC-WIRE, ” » 2

THIS EVENING

(The Indianapolis Times 1s not gram. nouncements prvi by station changes ni Aeuzasies. fn. pro .-

Scherzo from Mendelssohn's “A Midsummer Night’s Dream. n. - »

» »

INDIANAPOLIS INDIANAPOLIS . hi | WFBM 1230 WIRE 1400 WGN 2 CINCINNATI . (CBS Net.) (NBC-MBS) (MBS-Net.) (NBS-MBS) 4:00 Before the House L U. Program Pianist Hanna 4 415 Tea, Tunes Ensemble | Johnsen Samfly J So : ews | once; , ae! \ ] 4:45 » a Symphony Hits of Today Pad Satins val 5:00 Christian Science Safety Talk . Hits of Toda wi 5:15 Howie Wing Interview Serenade y Ralricia Gilmore 5:30 Children’s Theater Dick Traces Piano Nixon Denton 5:45 (Interview iano Parade Orphan Annie Lowell Thomas > f:00 N E Capt. Midni «ton Sis FHA Talk Socal Netiettes Cant. Hegme Ti 5 Andy 3 0 enner y 9 6:45 °. lf go Alr Inside Soncls Pede BeleTe n 7:00 Kate Smith Rudy Valles Heidelberg Or. Rudy Valle 8 8 w Th ob Elson > Vallee 330 i. ss Lightning Jim . ou. 8:00 M: ’ Good News 8:18 or Bawa id Nem Sone t ert Or. © It » Ne ja: : ee 3 f . *} & | ” 2:0 Tune-Up, Time Musio Hall an Musio Hall 9:30 ” "8: » "0m It’s the Law hd v 9:45 Social Security nw Concert Or. 9. 3 10:00 News Amos & Andy Welk’s Or. Paul Sullivan 10:15 J. Dorsey’s Or. Headline Nows Jergen’s Or, weet Adeline . 0:30 Calloway’s Or. Carlsen’s OF. Carlsen’s Or. ravers’ Or. ? 10:45 > yn G. ‘Williams® Or. 11:00 8S. Kave's 0 Casa Loma or. J. Garber’s Or. Moon River 11:15 Strikes se ” ” » a 1:30 . Nob ble’ s or" Sehnickeltrits Or. Casa Loma Or. Review 11:45 Nichol’s Or. ” ” * Reichman’s Or. FRIDAY PROGRAMS = j INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATI WFBM 1230 WIRE 1400 (WIBO 1050) WLW. %00 (CBS Net.) (NBS-MBS) (NBS-MBS) 6:30 Early Birds Devotions | Tabernacle Checkerboard 6:45 won Markets hoy Valley Folk . 7:00 ” ” Variet: Breakfast Jam Thme t 2 78 ww wo wt Peter Gramt™® 3 » » » - > » Chuck Wagon . 8:00° R. Maxwell "on Coffee Cup Paul Alli 8:15 Montana Slim Dessa Byrd Presenting ni & Marge 8:30 Roundup Babv Bulletin Want a Job? Rillton House 8:45 Apron. Strings Piano Parade Devotional Silhouettes 9:00. Kitty! Kelly... Central Cily K Bartlett I ie 9:15 Farrell’s Kitchen Other Wife an Can 1 Like Musie 9:30 1 Ln Plain Bill Matinee Julia Blake 9:45 Stepmother Woman in White iy” The Goldbergs. 10: David HB ews da’s Love 1038 ; Sgaitercood Lorenzo A anaes Matinee ic & Sade 10:30 - Bie Sister Widow Erown pafety “Program swy ji 10:45 Life Stories Editors Daughter F. Grofe’s Or. Road of Life. 11:00 "Mary McBride Singin’ Sam Noon Rhythms Editor’s Daushier 11:15 Nancy James Linda’s Love nn - ane ie 0'Neills 11:30 Farm Circle Dr. Malon Charlie Cook 11:45 Voice of "Farm Boy Greets Girl © Farm Hour 12:00. Farm Bureau Farm Hour Back Home ” 12:15 ews Hea dimes Frank Dudgeon Farm Ne 12:30 Bohemians WIRE Reporter Sleevy Ho 12:45 Manhattan Voice of Experience Hanny Giimans 1:00 . Party Line Betty & Bob ‘Food Quiz Betty & Bob 1: 1s Irene Beasley Grimm’s Daughter Cugat Plays Grimm's Daughter 1:30 r, Sehool Yalien t Lady Shut-lns Valiant Lad 1:4 Bett er Bandbox Betty Crocker 4 :00 Marine Band Foire Girl Piano Moods Marv Marlin » ”» Progress , Parade Rhythmakers Ma Perkins 2:30 Chamber Or. Congert Hour Pepper Young 2:45 ” ” Police Count Guiding ont ii 3:00 John Sturgess Backstate ‘Wife Swing Concert Mad Hatterfields a 3:15 Matinee Stella Dallas Virginia Tavlop Midstream 3:30 » a Vie s do Old_Refrains Beautiful Lite 8 45 Minstrel Men Girl Alone . Hawaiians tty Keene 4:00 Butler Forum High Schodl News Legislature Hannah 4:15 Tea Tunes Interviews oZology Shank’s Or. 4:30 i 0 ‘Home Edition Studio Party Jack tune 4:45 a» Piano Parade ” Paul Sullivan

CBS—WABC, 860; WJR, 750; WHAS,

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; RWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670."

820; KMOX, 1090; WBBM, 770.

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

CROSSWORD PUZZLE

HORIZONTAL Answer to > Previous Puzzle

28 Peratning 10

airing bira, FORA] EDITOR) os 5 hum 61t belongs. to p=tOILIEMIPIOILIRISINF) A) indebted, the genus —- [LRILCIL ST YIISALER 26 Sooner tha 13 Surface ERODE ISHIB! Gl LITIAN NO 27 Dirty .measurement. JLOMISIAIPIOJIDIOBENIEIT] 30 Emblems of © 141d. ERIN VIARIIEITIYIMERII] royalty. - 16 Pertaining to IGEEAIPIE BIDIOINEL IATYIRO] 31 Unity. wings. ROAR PI Bis 32 Respira 17 Lukewarm. JARMORE ISM sounds, 19 Application. [DIARISIOION Sa THOMAS | 8 To join 20 Roomy. HEHIALUIL 36 Dower 21 Not any. Boer EDISON | ., property. Ee Died ELECT RITICITAN an 3 Jas. 241tis Tis briny 50 It lives in the 6 Minister, 30 Sand} a3 — | an vor, 27Stomach. $31t is a fine. 710 sin. 41 One that 28 Rhode Island, ee (pl. > 20 Haughtier. 84 Corroded; i 33 Velvet-black 56 Machine parts, 9 Beret, mineral, 57 Those who | 10 High PEE Ae Lp ustle, ¢1 Wolframite, 37 Becomes old. ~~ VERTICAL 12 Fury, 49 Mouth 38 Head blow. 1 Butter lump, 15 Consisting of 51 Cooking 40 Battles. 2 Amphitheater two, utensil, 43 Musical note, center. 18 Ten years ~~ 62Fish. 44 Gowns. 8 To pot agama 20 Findl 53 Mountain; : 46 Preposition. 4 Rainfall. statements 55'Doctor of 47 Easter flowers 5 Note in scales of account, science, - 8

3 ®

a ot sibs § i