Indianapolis Times, Indianapolis, Marion County, 3 February 1939 — Page 27

‘e

$1.25 payable March 1 record Feb. 4 vs. $1.50 Dec, 1. W. A. Sheaffer Pen Co. extra 25 cents and $1 on common, payable Feb. 25, record Feb. 14 vs. 75 cents Oct. 15. Tide Water Associated Oil Co. regular quarterly 25 cents on common payable March 1, record Feb. 14

(Copyright, 1939, by United Press)

Chicago Stocks

h Last Allied Lab ING .ccecee. ne 11% 113 Armour & CO ...coveee BY 3 5 Barlow & Sig vasesss 77% 73% 7% Bendix Aviat ...ees0000 6 26 26 Burd Piston R ........ 3% 3% 3% Cent & S Ut essnses -5 1% 1 Cherry-Burrell ........ 15 15 15 Chic £9 Flex Shaft . 65 65 85 Comwlth SON ..ece0 271% 27% 27% Cudahy Pf ...ccoeeeeis 60 60 60 Dexter CO ccceveee cece 412 41, 41; Eddy Paper -.....eeeeee 15 15 15 Fitz Sim & Cnll 14% 13% 14% Goodyear T & 2 32 32 Mid West Corp 7% Th % Nowest Bancp 8% 8 8Y, Pines Wiront «.eeeee Ya 1 7A Quaker als see +1183 11612 116% Thom J Tess 3 33 3% Ttiit & Indus ..... . % 3 Woodall Ind 5 5 Comwlth Ed 3s 1088. 110% 1102 110%2 SEE FINAL EDITION OF THE TIMES FOR : OTHER LATE NEWS - AND CLOSING 1 STOCK .

he ol

compared with a gain of 66,300 units in December and a rise of 31,400 in January, 1938. In all of 1938 these companiess howed an increase of 430,000 telephones.

LOCAL ISSUES

The following Juotauions by by the Indianapolis Bond & Share Corp. do not represent actual bids or offerings, but merely indicate ‘the approximate market level based on buying and selling quotations of recent transactions.’

Stocks Bid Ask Auto Invest. Corp .......ocuus a 9 Belt R R & Stock Yds com... 50% 83% Belt RR & Stock pfd ........ 81a ... Cent Ind Power 7% 3 tosses 32 35 Home T Pt Wayne 1% pfd.. 52 54 Hook Drugs Inc com ........: 10% 13 Ind & Mach LL Pe sean veney 108% ... Ind Gen Svc 6% pid ........ 1 ie Ind Hydro. Electric’ i id. 59% 62% dpls Gas Co "20 us Indpls P&L 6% pid . 00% 103% ndpls P&L 84% pid...... + .105 108 [ndpls Water 05% pfd ...... 103 iy Lincoln Nat Sta Ins Co Jom . 24% TY N Ind Pub Serv 5%% pfd.... 15% 82 Ind Pub Service 6% pid... 83. 6 N Ind Pub Service 7% pid... 88%a 91% Progress Laundry Co com 11 13 Pub Service Co of ‘Ind 1% vfd 48% 51% Pub. Service Co of Ind 6% pid nn 32% So Ind G&E 4.8 qd ...... 982 T Haute Title Elec Co com 57 28 Van Camp Milk Co .....co000 60 62% Van Camp Milk Co com ...... 10 11% Bonds ; Amer Loan 58 46 ........ce00. 100 Citizens Ind Tel 4158 61... 00. 102 = 105 Crabbe Re Kina Ate 5s 8 92 100 Hom W 5% 55 . .103 105" Homo ToT Pt W 6% 43 iii08 +108 Ind Asso Tel 6% 65 ..........105% 107% Tadols Raley’ Toe 80; 61.1... 33 + 88 nls Railway Inc §% 67..... : Indpls Water 3%% 66 ....... 105 107 Inter Tel & Tel 5% 63 ...... 98 100 komo Water Wks b% 58 %...102% 104% Krusner Packing Co 4%s 50 .. 98 101 Morris 5810 Stores 5% 50 ..... 099% 103% uncie Water Wks > 000-102 : Noblesville HL&P > 12% (47 ...100% 103% Ohio ‘Tel Co 6% 4 ; ape «98° 100 Public Tel Co ava 8 cones 97 100 Richmond Water Wes 5 ..103% 1s

ate: Water Wks 5% 48 «.

No. 5

# # 2

and the aged. furnish the dependent his or her

to the credit. ’ 8 #8 =

divided between them.

Your Federal .Income Tax

Taxpayer Is Entitled to $400 Credit for Each Dependent Person He: Supports.

Personal Exeuptions.

In addition to the personal exemption of $1000 for a single person or a married person not living with husband or wife and $2500 for married persons living together and for heads of families, a taxpayer is entitled to a credit of $400 for each dependent, defined by income tax law and regulations as a person under 18 years of age or incapable of self-support because mentally or physically

defective. The term “mentally or physically defective” means not only cripples and those mentally defective but persons in ill health

In order to be entitled to the $400 credit, the taxpayer must

upon actual financial dependency and not mere legal dependency. For example, a father whose children receive half or more of their support from a trust fund or other separate source is not entitled

Neither relationship nor residence is a factor in the allowance of the $400 credit for a dependent. The taxpayer and the dependent may be residents of different cities, If husband and wife both contribute to the support of a ‘dependent, the $400 credit may be taken by the one contributing. the chief support, and may not be

A single person who supports - in" his. home an aged mother is * entitled not only to.the $400 credit for a dependent but also to the personal exemption of $2500 as the head of a family. A widower supporting under similar circumstances a ‘dependent child under 18 years of age also is entitled to the personal exempt a the head of & family, plus the $400 credit for a - Under the Revenue: Act of 1838: bot!

chief support. The credit is based

of $2500

“

Ment.

current fisca year °

ra ST

and cipts i

through

pared with a yea Last Yea Expenses .$5,297,192, 565-71 $4,326,835, 850. 50 Receipts 3,251,157,100.66 3,524, 927, 42 42 Gross Def. 2.046,035.465.05 801,908.716.08 Net Deficit 2;020,421,515.05 783.391. 685.08 Cash Bal.. 3,053,516,230.02 2,950,092,947.30 Work. Bal. 2,408,591,069.35 1,181,009,419.9: Pub. Debt.39,684,970,614.18 37,503,370,479.05 Gold Res. .14,603,974,657.21 12,755,369,731.13 {[{Customs .. 188, 907,639.81 240,651,856.65 INDINANAPOLIS CLEARING HOUSE ClearingsS «eves cesssessecacecaniss $2,951,000 eDitS .ceciiseiicnsereniansennes 7,938,000

LOCAL PRODUCE

Heavy breed broilers, i lbs. and over, |13¢; hens under 4 1361 Teghor hens, 3c; Barred and W White Rock springers, 12 lbs. and over, 13c; colered spriners, 172 lbs, and up, 12c; ghorn broil ers, 1% 1 and over, llc; heavy breed hens, 4c; spring chickens, 3 1bs. and over,

5 28 Si BEER

INDEPENDENT

- ok EE wis L x Jr a 2 AN * j v 5 3 . STOCK LIST IS State Life Insurance Sales WHEAT PRICES |Porkers Rise 4 - 1923—1986=0 = 0 ; he : 0 . yp GC — 25 | A ’ vw | |: I01939To 25 : Light receipts at Indianapolis tos - day brought a return to the year’s | Rail Isis Show Losses Corn Also Declines as Oats high in hogs, the top for 1 1930 1931 1932 1933 1934 1935 1936 1937 1938 H : h t TO oun Hsing to $8. 50, : acRanging to Point; Indiana University Bureau of Business Research old Unc anged a Sone es ureau of griculwin | NEW YORK STOCKS | wn | eEeseds: es : over advanced 25 to 35 cents, porkers over 300 pounds sharing in the NEW: OR 3 & B)- By Uniti eas SHIGAGS: a : : = separ Underweights held Firmn utilities featured an ir-| Wh ‘eased ] Dealin High Low Last Change .30 INDUSTRIALS At the end of the first hour gs were light. Mlegh I 81 .. 23% al Ath + fa Yesterday oie MAB 410 e end of the first hour” mat amb. prices held about steady, Nor Allied Chem .. 173 113% 173% — Ya|Week Ago .....coveee vende. 188.90 42.48 ‘ North American was active. It|Alied wife he ie Hn — a Wetk Ars 7 188 » 32 As wheat ‘was off % cent, corn off % shtnough the ig top was down | ranged betweeri 24% and 24% and|Alpha P Cem .. 18 ' 18 18 + JA i to % cent, and, oats unchanged. [10 cen ost of the supply con- | was 24 Amerada ...... 63% 63% 83% + Ya Year AD ..........12senne 120.52 =—2.03 sisted of fed Northwestern ° and was a op 3g around noon. Lom: Am BN pt 58% i 58. = Lz High, 1938-39, 158.41; low, 98.95. Selling of wheat was light but Texas offerings at $9.15. Crane 8 med op mn AL BEC wos. | [pestent, snd in the sheence ef | i - Ww /2 4 jl Railroad issues had losses rang-|Am Home P 8% $9 8 LUA yesterday .ruoesenennn ‘ose cos|any important demand, priesdam _Teb TH Top Rats, | ing to a point in Santa Fe. Avia-|Am Loco ..... 3317 38% 3812 © 72|Week Ag ......ceseeees.. 28.56 +0.63 slipped lower, 188 83. 1000 1 aa "6 Tao “| tion issues receded fractionally.|Am PB. &L .... 6% Gh 0 + | Month Ago ..cice..ernennees 33.35 —001| 70000] wheat, closed un-| 30 ... 8:40 401 3 ig 2901 | Coppers were down with Anaconda|Am 16 16 16 JF Ti, Year AO i..ii.iiienecinns. 27.42 40.34 d to % te t th d of 31 ... 8.50 8 .... 850 8950 | at 28%, off 1%. Chrysler lost more [Am Smelt ..... 8% $4 44% — J) High, 1938.3, 34.33; low, 19.00. change cent a € end oO Barrows and Gia T Packine.5 | than a point. Am Stores nie 11 11a + 35 ism aes, 1s 26; 20N; 281 the first hour. Good tnd. 8! a “ra K-Sows Le T & L157 157 1° — 1% : . . | h A few issues were firm and new am Waver WwW. 13% Hiv 13% — i Yesterday «....ocoreecececss 24.12 A4-0.85 Export business in North Amer- So ces 0 $ 7.50- 8.50 31s. 30 $ Z9- 1:38 | highs were made by Liggett & Am Zinc ..... 1 1 f+ 7alweek ago .......... li.... 23.08 +0.73|ican wheat was quiet. Liverpool| 160- 180. © 8.25- 8.50| 425. 550. 6.50- 6.90 | Myers B and Hecker Products. Du Armatgond g 0% Spa Ste TT Blsontn are ones dies . 23.64 +4.68 ted that t Australi 180- 200. 8.30- 8.50|Medium- : Pont Preferred gained more than |Atchison ...... 3% BU I. = Ye\Vear Age one 15.44 +oap{TPOTIEd 1185 TWO AUSUR AD Car-| M0 0 a a A a ter om a point. U. S. Rubber Common |4\as Corp ..- 8 8. Ea Hoss 30, 25.19: iow, is.1. goes had been sold to China. 3%0- 290. 7.65- 8.15\Good and Gholee—. eased 8/, while its preferred gained aR i High, 1937, 37.54; low, 19.65. The weather map. indicated con- i ” Medium. . 6.75- 7 Be .. 6.15 7.50 that amount. Wright Aero jumped 3ayuk Cig .... 19% 19% 19% .... Net ; AT 3% points on a few deals. Bendix Ava ll 26% 20% 64 1% High Low Last Change Sirued Bpsence of Previpiiation In SATILE (Ressipis B89) | Seth Ste 1% 1% 81% — Yo Mengel 1st pr. 25% 23% 3% + %|the outhwest winter wheat belt. 1. , ad Utilities Are Best eth Sil 9 bi an ur, ui +1 Mook Tex of. Th “1 “Ta... | Corn prices sagged under general 130- 900.$10.50-12.78| rd rE 5 7.00- 7.50 | 3rew Cp. Am .. a 744 TH .... : Mo Fag Bt. tds 34% 444¢ — i3|selling. Locals and elevator inter- 900-1100. 11.00-12.80] Medium." 6.50- 7.50 ' Domestic corporation loans firmed Briges o g i i B/YH BIE + % [Motor Whi 11. 1654 14% He Ff ests were on the selling side. Weak-|Goodes®" - Cut. Voters 6.25 ii} Suiel. ear] dealings on. the listed (Bury Su oa ‘oh T.7ARERY COL he hw “tw ¥ 'winess at Buenos Aires and lack of| Gi ifh: ‘abba wesntes : yi “ —N~- export interest were depressing, and |1100-1300. .9.00-11.0 oice . a. 15.00 -50 Utilities were in best demand.|cugnanzime.. s 2 3 ... (NashKely .... 75% 1% 1% ~— %|the wheat market offered little en- 1300 1500, 935-11, BO) sian viworEly Tennessee Electric Power 6s of 1947 Caterpillar T 2. 8 Bu — 3 Nat SVIEL «re 12 In Li +n couragement. 750-1100. 8.00- 9.00] common 50- 9.50 rose to a ne w193839 high at 99, add- | ca ofes® «1100 . . Ea Li : 1100-1300. 8.25- 9.25 Calve } au BN {Celotex ........ 17% 17% 1%7 + 3|Nat B & Inv .. 1 14 14 + %| Local grain receipts included an R ing % point io the 2%-point ad-|Cen: Foungry . 4% 0" » 1 fo|Nat Distillers . 2534 - 23% 20% + 12 estimated 57 cars of corn and 26 Er "So 8.25 choice cceipis, 48) vance recorded yesterday. Other|Sitie dais! 47 44 44” + JN ENTE 8 HE = Hlcars of wheat. (Hol! SRE ann ‘power and light issues showed early Champ Pa pt.. 0 100 ©. 7*|Nat Pwr & Li. 8% 8% 8% + Y Lard futu declined 7 to 13 e500. $ 9.75-11.00 Medium. 5.00- 7.00 ; AF Y [Champ Pap>I-100, M0, 100. 3, |Nat Sup Penn.. 13% 13%a 13% + 7 a utures decline 0 Good gains ranging to more than a point. Shes & OM. 34% 3% HJ + IN 'Y Central... 184 182 184 .— 2 |points to new seasonal lows, owing| 730-900. 8:50- 8.75 Common S00 8.40 Eile ist i of 1995 werg UD 1% |childs’........ 10% 10% 10% + % Ne AmA Ava os dae $52 3%: T.."|to weakness in cottonseed oil and Mediume= [| Stocker Cattle pons a5 46, but other railroad Ste iil ak Tin : + % selling of deferred contracts on ex-|cCommon Steers nds showed only narrow improve- o Bh 2% + % ; 350-900 _0.50- 7.50 ste i Soin Jas i k a od ces. |Otis Steel .... 13% 13% 12% + % |pectations of a liberal fall hog run. 1% 380-000 .. .$ 313- 3.40 . : —Pe Good . oy 8. 75- 7.25 - teady to a shade higher Col GasptB...T2 T 7. +k Ye Ah 4h = : Medium... 6.00- 6.75/Mediam—" . 53% 53 53% .... |Packard sees 4% 4Ys 4% Ya - X FP U .S. Government obligations Comuwlth Edison 27% 21 237% ess Parami Bick .e iin ii 1) + 2 CHICAGO GRAIN Commeti + 5.50- 8.00 Common 5 Tx steadied on narrowly irregular gains |Somw ‘a & of. sp 54 A o1% Ly Pan ik Alr... 1a 1 1s nr B Opening prices today on the Chi-| & cutter. 4.25- 8.50. He Hr I — enn € — 8 3 jand losses in a dull trade, Sons fois. Bn Ei ah Phelps. Dod. 40% 40% 0% + 3 |cago Board of Trade, as reported by 850- 760 .§ 7.00- = 8.00 seed eee — 4 Curb Stocks Slip Off Sans Oil o.oo Bs 8a Ba + W Eo ere fw dou 13% x % Thomson! & Mekmnon, 3 were: medium... . 5.00- 7.00 Lou sinks sipred iepmiatly Sont én bls $ EN Eo Em Fublle Serve. a4 3H % | Wheat— », ‘i ly a SHEEP AND (Receipts, 2306) i i i 0! nS ...vv0 1 — MER seessse ‘a 4 a . : * S dhe Mil a cont Ol pei": a 23% 4 ye de EE LR TT Corn os 51% @.51% £4 Gonoicels 0.10- 9.25 7.75- 8.90 . . 3 — 8 — ol * . 9.10- od oy Lockheed led the decline in avia-|SoY. Gq evs 1 10858 4% 4% + Bee Oats— ehoiss. % x oe cium 3 3 6.25- 7.40 tion shares with a loss of 1% pointy, Grane Co Sv Dribly 1020s 103% — 0 Radia .veeveees Th Th Ta i % 28%@.28% ...... . sosesse ~ : ’ a sessee . Babcock & Wilcox was off %, but|Surtiss-Wr ...- 1, ols a3 I if|Rem Rand ..... 14% 14% 14% — Good aid GHUIEE si reersacst $ 3.50- 4.50 . , IA Was - A BY 2B% + Ys 3 0 WAGON WHEAT . a Carrier Op, gained % in the in- - : Republic gi! ait ait ath Zn) City grain elevators are paying for No Common and medium ".. ceeeeess 2.00- 3.50 . Diam Match ... 30 0 30 Richfield Oil .. b a 23 8 : ns saen Gash corn, new No. 2 yellow. 45¢c. Oats, 25¢. | £Y r ;/ Mining shares were firm. New-|Dist Seag asi 13% 1% 18% ou wits . RC a dG CHICAGO LIVESTOCK mont was up % and Eagle Picher Dome Mines . 31% 31% 31% + 4 |Safeway ....... 3% 3% 3% — % i 2 H Receipts, 8000: general market, Lead gained 3%. Oil sh Douglas Air ... 70% 70% 170% -- |¥,.|Safeway 5 pt - 95 95 Goss y 0gs—. rl dy £o 10 cents hi er 1 1 ese g il shares Were pynhil ....... 16% 18% 16% ... '|Schenley Dist . fe Bw 1s onas than. Thursds vs ‘avers o; SATs, on 33 |easier. DuPont deb ++145% ‘133% Ji3% - 10 Seabd a Hd 00 20% 2014 par . . X =n and Yap: t a $8. Tae 160-220 I is 85 range, were mixed in a narrow aE seve. [ES2R Sh 69% 60% 89% Fw BOND PRICE INDEXES as. 1 62500" Toe. Shams °% sop: . a Shattuck ....... 2 eens Eaton Mig eyes 8 #Y% 2% = 32 |Simms Pet i... 3 3 3 aes 20 » 20. 5 rs Slay; iv is weighs to Elec Pwr&Lt 11 11 So Cal Ed ..... 24% 24%a 24'2 .... Ind. Rails Util. Bonds|" Caitle—Receipts, 1000; calves, 500; genEl Pwalt $7 pf 315 332 3% cco: |South Pac ..... 17% 17 17% — 3%|yesterday ..... 86.3 58.6 100.1 81.7|eral cattle trade fully steady; medium / od Eng Pub S 9% [9% 9% + '|South Ry ..... . 18%; 18Ys 18Ya — Balu 5.6 v4 99.8 go. grades predominating in all classes; nothoe Ss us 11ness Eng P S 5.50 pf 6 28 ng ® 7," |Sperry-Cp i... 45% 45% 45% + Ya|Week Ago ... . 8 5 , “ling str [tly choice here in steer supply; Ex-cell-0 ...... 1% 21% 21% + %|Spiegel Inc ..,. 13% 13% 1% — % Month Ago .. #4 61.2 99.5 82.4 best, $10.75; mixed offerings 5: $10. mo; bulk — : Std GEE ooo 37 37 37% ¥ "apd Year Ago ...... 3 ~62 913 783 ped 38 Yedriine 2 IToW; most. fat cows, | Lt a lance Firestone T ... 22% 22% 22% + Y%|Std G& 9% 9% 9% — Js|Two Years Ago. 94.9 1003 1053 100.1$6@7 with | sironguelght. cutters up to { Flintkote ..... 2 27% 27% + % [Std G&E 7 pf.. 222 22) 222 + : 5.75; mainly $4 50; practical top | oc : Std O C 28% | 28% 28% .... (1939 High ..... 86.7 618 1003 823/30. mam HNC ST on active mar: GENERAL BUSINESS ht J Std Oil Ind... 27% 27% 27s — V5[1939 Low ...... 85.6 569 99.1 80.6 ket; vealers tending to sa; on “fop-heavily Gen B: Baking vee i o% o% + % Std Oil N 50% 50% 50% — Ya|1938 High ..... 87.3 . 70.0 99.7 83.0|high market, mainfy, $135 d I :sday fat Din, 8 Bratsmers ors ran ESC AH BT BERRANCNE BT TD Ramae niin wom wl SERRE eG Se | en Electric —_ Ya 2 100.7 |to strong start. with spots cents - | : Sen Bec PY -=-1 Tae 1937 High ..... 95.0 101.2 106 bast atx 33 cons : year ago, first gain in four weeks; |Goh Pri pri107% 107% 101% + I |Texas Corb ... 4% 44% 44% + [1987 Low ...... so 603 923 8L18H1s Ro 0000 S06thn wetints, $6.78; towholesale 4 to 12 per cent over year [Gen Stl C - 25 25 —1 |Tex G Sul .... 31% 381% 313% + Ya|1936 High ..... 948 100.4 106.2 100.2|day’s trade slow; fat lambs steady 'with ; Gillette 8 ow Ys ~Y T% <.cos |Tide W A oil.. 13% 13% 13% + Thursday's ose > 33225 cents below that ago. Gimbel Bros .. 11% 11% 11% + %|Timken R B... 47% 47% 47172 + 12(1936 Low ...... 90.0 84.7 1035 9334 day's openin to choice kinds, $9 Federal Reserve reports gold stock |Goodyear -..... 327, 32% 3214 — %|20th Cen-Fox .. 32% 32% 22% + Y| (Copyright, 1039, Standard Statistics Co.) t Bela” ve $0.25; sheep steady; this week up $54,000,000 to record |Sf NOTtR Bf ... 284. 284 24a... —U— 8 Western ewes, mostly” $4.90, | » ’ re 78 Bs 4 high at $14,694,000,000; excess re-|Greyhound, 0.. 18 18 8 — ¥3|Union B&P ... 10% 10% 10% — '% U. 8. GOVERNMENT BONDS » Un Pacific .... 95% 95 95 — % ; K serves §3,480,000,000, off $120,000,000; nC ipele on y= Trsasury Bonds OTHER LIVESTOC Serves #2, loans off $39, Ts 1000; )00; Hecker Prod . a 11% ee. 45 Ten oo ou 393 - 3912 + ‘High Low Las Homestake .... 6 2 ai 6212 *y, | Un Air Lines... 10% 10% 10% + Ys |3%s 1043-40 Ju ......108. 108. 103. CINCINNATI, Feb. 8 (U. P.)—H mercial loans up $2,000,000; circula-{Houd Her B .. i" 14% Ya | United Corp» 3% 3% 3% = Y43%s 1945-43 reg ...».110. 0.5 110.5 |Recei pts, 1700; active on extremely ant [tion up $40,000,000; ratio 84.1 per ily Un Gas imp wr 13 Ion ‘vo | 354s 195 ain 0338 113.28 | 5EP! 3 Ste Shsiier; av; be st 101.85: ubper 8 . » cent vs, 84.0 last week and 80.2 year IN Central ..... 18% :18% 1818 ~— %(U 5 Hub tpf . 03% Sou 1, 1007, |bulk EE ee a5.30. : rR T .... 7 yd 7 «oe, |U S Smelt 5415 “541% 2 E Sood, patiine + 250; calves, 200, mostly fago. Interchem .....25 . 35 5 =u - : Inter chem “88% 88% 58% + iz|U 8 Steel rues 59% 3 5 cleanup trade" on Jight oSuDBLy: Package e Federal Housing Administration : i2|U 8 Tob ...... 35% ght steers, $ dg | reports week ended Jan. 28 small tht Pape een Bie HN Bn x i jie Ye so htm $050: oo) toa er Sovt _|Int. P&P For’ - i 8% 8% + %a|va Car 8 pf.... 26% 26% 8 a: Cutter grades chiefly, [email protected]: few ‘home mortgages selected for ap : $7.35; vealers strong, practical early | praisal $19,725,102 vs. $18,269,903 Eennecott : M% 3% — lw B 5%. Shh 8% a ; gh ¢ | top, $1 . | previous week and $8,150,840 year Kroger G & B ol i 239% aes |Woikesha Mot C2012 2014 2002 1% Ar ent 4s 72 Feb ...... 16% 6% 76l Bo ti2 one 450; receipts include | ¢ ted 1 ns Wes O & J 2 28% 267, + B elgtum, 6 ese ve ity 10424 1 Sizeable consignment country, sored oF : = see ADM all ala EY IBragl] 88.4] J... 0000 4. Arriv 1 n. Ww 0. rucked2 EE A our BD esess 297, gr 20%; y,|W Pa Bl 7 pt 103% 103% 10312 .... |BIAGI Cen R 7883 121 117% 12% ins on sale; small | lots strictly choice 71ance $9,702,000 vs. $10,071,300 Lee Ru 5 29% 1 ing El ....108% 108 108% % d ’ ’ . s ’ pre- Ligg & My » 104%, 104% 104% + Westing 43 3 42 TT {A|Canada 3s 67 ....e.es 100% 100 100% | 1b. native oy rail, $10.50; around 85 head 3 3 willys Ovrind.. 2% 2% 2% + % 108 TT 2eeeasses 5612 . 56%2 562 |good to 75-1b. native, $10; near] vious week end $5,496,700 year ago.|Loew’s ....... 48 8% + n Cuba 4lzs 77 ... d choice b. native, $10; nearly ,290, y £0. | Loe . wi Ovrind pf . 5% 8% 5% .... 7 2% 1027 - Loft, Inc ..... 10% 10 10% — Ys| wilson & Co a5h git gid ll, Renmark 6s 42 «soseet idl 302% 103% 200 Jol tw Fhol ce = 1b. Jyesterns, $9.75; CORPORATI NEWS —M— 9 erman 5 esse eens 4 “ 2 i 1 outla; § irom down. B 44 Martin G1 .... 33° 3A 304 -— oh 1m J re 5 8 8 |a0ase hphr: 160 ‘be., “nas: foo ell Telephone Co. of Pennsyl-|McInty P ...... 52% 521; 5213 + ¥a|Yellow Tr i... 18% 18% 18% .... 54S B85 Jiveov.s 60 60 0 1180 1b $8.35 ’ lbs.. $8.25: 200-22 : s : Man Em gtd .. 8 8 8 Young Sheet ... 457s 457 45% -—— 1, (Japan 57s 1 1 1 Sie 200 lbs. $8.25; 200-220 vania January net station gain 4307 (yah 0 7 8 : 5 gee IOUnE SU Dr 2872 267. 26% — 3 |Tokio 5las 61 ......... STs 5Tw 57% ibe. $618: 40-240 bs... $B: 340-260 Ibs. vs. 5076 previous month and 2747| —————= fl Sh DOMESTIC BONDS $0.85, 250-200 Ins $7; dh Los Vio year ago. oi s High Low Last |140 lbs.. $7.75: 100-120 lbs., $7.60. Chesapeake & Potomac Tele- BANK CLEARINGS WESTINGHOUSE ’38 PERT Sent A HR A ld 7s: sings, $5.0} calves, $12; phone Co. January net station gain B& s A 95....... 19% 19% 19%2| LAFAYETTE, Feb. 3 (U. P.).—Hog mar52 aan. 997% 99% 99% |ket 25c¢ high hi . 1253 vs. 800 year ago. RISE FOR WEEK INCOME IS LOWER Beik i Jai 2 $5..0108 0 111 118 190-240" Ios. 7 J Ths. 87 0d Duro-Test Corp. and _wholly- | ew vores v. py, (Grama le ly ue ii See Tg, SAGE Bey 2 . ET a 2 g A Je = S OD ..eessen /4 I 0 calves, Oulisy subsuliaries fsa) year ended | NEW YORK, Feb. 3 (U. P.).—| Westinghouse Electric & Manufac- Int T&T gp 52, 3 83% 63% 12; n: roughs. $6 ; or ta moome His unl. Bank clearings for the nation this|turing Co. and subsidiaries today |Nat Stesl 4s 85. 0011088 109% 109% : r ~|week went above the total for &|reported preliminary net profit of (Benn RR gn 4928 65... 002 101% 101% 246 or 61 cents previous year Rem Rd 4% tsb year, year ago for the fifth consecutive|gg 052773 for 1938, compared with |Seab Afr Lin 6s 45... 83, 8% av ur OCRKRS Fasten Uthities Associates 1938 | period and increased moderately | $20,126,408 in 1937 Young S&T 4s 61.....105 105 105 Nit reliminary consolidated ne ; ; . _— > SHmin: es pa 13 : eome over the preceding week, Dun &| After dividend requirements onl: I E Sore Sup B High Low Last Change Flintkote Co. 1938 consolidated Bradstreet, Inc, said foay. the 7 per cent cumulative partici- FOOD PRICES me A a” a : : The authority reported aggregate|p,ating preferred stock, the net profit : Am Cyan B ... 24% 24% 24% . net profit $811,818 equal to $1.21 a|check transactions for 22 leading CHICAGO. Feb. 8 (U. —Apples— am 18&Tr ..... 16 16 1% hare vs. $1,005,423 $1.50 in 1937. | citine i was equal to $3.38 a common share. Michigan Mackintosh. bu. $101. 75. Bweet A Ean te heh % % — 1 shar + 9 0%) OF p00 + |cities in the week ended Feb. 1 abt|mne net ‘profit for 1937 was equal Potatees-_ Tennessee. bu baste § S35, A as 93 gus wit RAILROAD REPORTS 5; api 00, > 2 Der gant ovet under participating provisions of Texas, bi... Jo@se; Tomatoes Florida, SENOuA- Th BW ch 3 02.27 a " Chesspeaks & Ole iby: Co. Jan $5.068.006.000. The latest week's ie Snares i A pate Uh and rites, 3188100" Pear Catomia, |ASS0 GGE 0-18 18 18 4 or es 80 a volume showed a rise of $134,132.00); mop rs P Fagare Grates. 50603128 Be Tiiois Bar Ali To aT Bk % 3 on Tr = — see New York, Chicago & St. Louis aay win Be - LR Lal Be gl Carlen Corpo. 11% Tim 1 17m R. R. Co. January carloadings 19,- 000 between the two similar 2 eri- LO ANS T0 BROKERS lows. 75290 c; Nevada white boilers (25- 1b. | Cent St Elec .. % +1-16 042 vs. 19,891 previous month and ods of 1938. p 3 ’ sacks), $1.25. ghilds ran 3 2 5 ’ 16,386 year ago. : : Com & So wts % 3-32 Yo 41-32 Pere’ Marateite Ry. Co. Jamuary|re) EDLC - DEALERS DECLINE \poREIGN EXCHANGE [Geass "i te ie at 10 carloadings 20,305 vs. 20,807 previous PH NES IN Us ,,,— Yor eb. 3 (U. PY. Following wt ol... 36% 38% 3613 = 1 month and 17,625 year ago. AT ALL TIME HIGH WASHINGTON, Feb. 3 (U, P.)— are noon ablue rates on major curren- DO 4 63% 1, + y 2 DIVIDENDS « - Loans to brokers and dealers in the |cies: cable Rates Net Change | Lockheed Air 30% 29% 29% — 1% a week ended Feb. 1 totaled 642 mil- nd) 01.16 | Nat P&L pf ... 7 8. "8. +13% : N K hel: a England (pound) .. 8 1a N Jdzine ..... Ye 51% B1% +4 1% Congoleum-Nairn, Inc, 25 cents EW YORK, Feb. 3 (U. P.).—The|jion dollars, down 39 million dollars England (dolar) Tt) ier 730s +00 1-18 | Nag H Pwr 8a 8a 8% + % on common payable March 15, |American Telephone & Telegraphifrom the previous week and an in-|fFrance franc) «..... 0264 DERATOAd veress na ad JR tn record March 1 vs. 50 cents Dec. 22 | C0. Teported today that its principal crease of 31 million dollars over the laly tira) [ogee 0526% 4.000% |BORSSR) Gi I 101i 101% 101% — and 25 cents year ago. operating subsidiaries included in|like week a year ago. Belg, hei): Sr TI%l” sw oil ohio Bf. 104% 104% 104% + % ~ Gatineau Power Co. 20 cents on |the Bell System increased their| Other loans for, the purpose of German. (tr. mark) -- 2075 OH A roll Fi tae 197: 1912 iol common payable March 15, record service by 65,600 units in January to|purchasing or carrying securities|goiiand (guilder) .. .5383 cae Feb. 18 vs. like payment Dec. 15 an all-time record total of 15, 795, 600 amounted to 187 million dollars,|Sweden (krona) ..... 2411 ores U. S. ST ATOVENT Ludlow Manufacturing Associates | telephones. down three million dollars. Norway Fone)y ese 2381 sabe The month-to-month: fherease WASHINGTON, Feb. 3 ~Goyernment expense! Yee the

1, ecom-

to|Dollar Volume In December

2 Grants for January Rise to

21036,000 compared with $49,483,000 in

. |FREIGHT LOADINGS

+ | per cent from the 665,346 cars load-

3 Month ago ..................105:72

‘STORE SALES IN CITY RISE

46.9 Per Cent Over November.

Times Special WASHINGTON, Feb. 3.—Retail

sales of 98 independent stores in Indianapolis showed an increase of 46.9 per cent in dollar volume for December, 1938, over November and

an increase of 9.6 per cent as compared to December, 1937, according to estimates of the Bureau of Foreign. and Domestic Commerce released today. Sales ‘of 747 independent stores in Indiana rose 40 per cent in December over November, and 7 per cent over December a year ago. The city of Anderson reported the largest increase jn sales volume over a year ago With a gain of 28 per cent. Other changes in the state ranged down to a loss of 4 per cent reported at Ft. Wayne. The largest increase, a gain of 16 per cent, was reported in citles of 50 thousand to 100 thousand population. This report, which ‘covers only the larger independent stores in the state, represents 22 different kinds of business, The percentage change in cities

reporting follows: 2 Change Change

From From ; Dee, 1987 Nov., 1938 Evansville cccoococees 411. 9 38.3 Ft WAYNE .ccoscesee 4, 1308 Gary waienes gig 88 o 31.5 Indianapolis .. X ~+46.9 South B end cocooee x 1593 Terre “Haute sescsssscee 18.1 + 50.8 Anderson .... « 428.0 + 21.5 Laf: x 452.3 Mic an City ese +12.6 Muncie ......eo0 ~+44.6 Richmond 51.2 Bloomington ~+49.4 Marion .. 54.3 Cities of 5000 +32.9 Cities of 2500 to 4999.. 20.6 Areas of 2499 and less’ + 4.2

ENGINEERING AWARDS HIGH

Largest Total Since 1929.

NEW YORK, Feb. 3 (U., P)— Engineering construction awards for January swelled 15 ‘per cent above December and 64 per cent ahead of the 1938 month to the largest total for the period since 1929, Engineering News record reported today. For the week ended today awards were 19 per cent ahead of the preceding week, but 17 per cent below the 1938 period when a 34 milliondollar contract for Grand Coulee Dam was| awarded. ie conn awards for the year

to date continued well ahead of the 1938 period, however. This year’s five-week total of $370,729,000 represented a 42 per cent gain over the awards of $260,994,000 in the similar period last year. January awards totaled $311,693,000, including $51,291,000 in private and $260,402,000 in public contracts, compared with $339,250,000, including $59,657,000 and $279,593,000, respectively, in December, and $190,186,000, including $79,467,000 and $110,719,000, respectively, in January, 1938, Awards for the week totaled $59,-

the preceding week and $70,808,000 in the 1938 week. Private awards reached the best level for any week since July 14 last year at-$18,173,000, up 36 per cent over last week’s total of $13,368,000, but 16 per cent below last year’s aggregate of $21,578,000. Public construction awards for the week were $40,863,000, 13 per cent over the preceding week's $36,115,000, but 17 per cent below the 1938 period’s $49,230,000.

RISE 6.9 PER CENT

WASHINGTON, Feb. 3 (U, P.)— A more than seasonal gain of .7 per cent, or 4020 cars, lifted total Trevenue freight loadings in the week ended Jan. 28 to 594,379 cars, highest since Dec. 17, the report of the Association of American Railroads revealed today. The latest total represented a gain of 6.9 per cent over the cor-

570,273 cars, and a decrease of © ed in the 1937 week. In the week

cent above a year ago, and 11.3 per cent below the 1937 figure.

DAILY PRICE INDEX

NEW YORK, Feb. 3 (U. P.)— Dun & Bradstreet’'s daily weighted price index of 30 basic commodities, compiled for United Press (19301932 equals 100): Yesterday .105.48

se00ce0eretoebooe

Week ago st sss sve se sssersess 10385

Year: a0 coseiseans Lieviwer dT 1938-39 high (Jan. 10, 1938), 117.06, 1938-39 low (June 2, 1938), 102.43.

LETHE

TYPEWRITERS

L055 THAN

1301 . iY eit Hust wels M for All Makes Rented and Repaired gross; a y Quality at a Price each full case nde r 54 1 will be made. : No, 28Yac; ‘No. 2, 25@26¢; WOODSTOCK TYPEWRITER CO. butteriat, No. L2 e 2, 2ic. @ 30 S. Pennsylvania St LI-4712, (Pr: rices quoted ‘oy Wadley Co.) ’ . J o » » » @

Al accounts INSURE $5,000. Your savings grow FASTER iasesv ion | in this sound institution. During 30, 4

up to

responding 1938 period’s total of 13 Dress

ended Jan. 21 loadings were 3.5 per] .

TONIGHT 7:0)—Lucille Manners, WIRE. 7:3)—Burns and Allen, WFBM., 8:00—Orson Wells, WFBM. _ 9:00—Guy Lombardo, WIRE.

A ‘radio cavalcade” .of Indiana University history will be presented on WIRE at 8 o'clock tonight. The script. in seven episodes, is the work of Paul Boxell, Indianapolis. Included in the dramatization will ke the university’s founding in 1820; Andrew Wylie’s inauguration as first president; admission of the first woman student; the coming of David Starr Jordan to the university; President William Lowe Bryan's inauguration in 1902, and the recent induction of President Herman B Wells. wn » 8 When Orson Welles invited the distinguished actress, Helen Hayes, to be guest on his “Playhouse” hour tonight, he gave her the signal privilege of selecting her own vehicle. Miss Hayes chose Sinclair Lewis’ “Arrowsmith,” in which she will be heard with Mr. Wells at 8 p. m., CBS-WFBM. Miss Hayes starred in the first film of “Arrowsmith,” made in 1931 with Ronald Colman in the name part. 8 x = Tomorrow's Metropolitan Opera broadcast of “Aida” will bring Beniamino Gigli to the microphone in Lis “comeback” role of Rhadames. Mr. Gigli recently returned to the Metropolitan fold after a severi-years’ absence and, incidently, sang Rhadames with the New York company for the first time. Zinka Milanev will be the Aida,

“ON THE RADIO

Panizza, will conduct The broade R§ is at 12:55 p. m.,, NBC-WIRB. # = = i "The March of Time, pioneer new dramatization program, will return to its regular 30-minute Friday

night. In the course of eight years on the air, March of Time has dramatized more than 2800 8 stories. : 2 = 2 : In conjunction with activities National Social Hygiene Week; th Federal Theater's “Men, Against Death” program will dramat Fritz Schaudinn’s discovery of the syphilis germ in 1905.—CBS-WFBM at 1 p. m. tomorrow.

8 os 8 - A number of interesting musis programs, in ‘addition to the opera broadcast, are listed on tomorrow's daylight schedules. Bernard Herr= mann will conduct the Columb : Concert Orchestra in a program featuring the Piano Concerto, Opus 35, by Dmitri Shostakovich, on CBS-WFBM at 3:30 p. m. tomor= row. Alexander Semmler will be soloist. On the same program is another contemporary work, the German Paul Hindemith's “Trauer= musik,” composed as a memorial to the late George V of England. : Two other CBS music broadcasts,

10 a. m. and 12:30 p. m.

cinnati Conservatory Orchestra, une der Alexander von Kreisler, will play Beethoven's Symphony No. 7 and Milford’s Suite in D Minor for obeo and strings. / The conserva= tory’s. Madrigal Singers will be heard in a program of music by

the other principals will be Bruna |Donato, Arne, Stillman-Kelley, de Castagna, Carlo Tagliabue, Norman | Lasso, Willbye, Marenzio and Ber= Cordon and Nicola Moscana. Ettore |tani. : : Fg 8 » 8 . RADIO FRIDAY EVENING {The Indianapolis Times ts not responsible for 1 i . nounicements rg by station Bankes ay press tim time in. Stosram. ag INDIANAROL INDIANAP OLIS Taras CR CINNATY (CBS Net.) (NBC-MBS) <Net.) SA 4:00 Butler Forum H. 8S. News Tn Time 4:15 Tea Tunes Interviews Johnson Family Shanes or. 4:30. » - Home Edition Organist Jack Armstrong 4:45 2 . Piano Parade Pianist Paul Sullivan 5:00 -Po-Ne Club Lone Ranger Melody Time Don Winslow 5736 Cnideen's Theater Dick Tra With Music Rorothy Eochelts id usie 5:45 Sophie Tuck Hoosier *Questions Orphan Annie Lowell Thomas 6:00 Non. Capt. Midnt ht Amos 6:15 Lum & Abner Shaw’s Or. Capt. Her 2 Timmy rig y 6:30 Jack fialey Walter Shead art or. Reiman a's Or, 6:45 Newspaper ot Alr Inside Sports Inside Sports 3:00 © First Nighter Conpert What's Mv Name What's Mv Name oT ”» 0a in Burns & Allen x4 - Lone Ranger Robison’s or, 3:00 Playhouse Schools Conv. oe ods Garber’s Or. Plantation » » "nn 9, : Je I 3c veavie pupal om Vuh 3:00 Grand Central Guy Lombardo Curtain Time Open House 9:30 Barry Wood Uncle I Need A Job U Sars 9:45 Jr. C. of C. Jimmy E idler ” ” in nard 10:00 4 Amos & Andy Heidelber s Or. P 0% Heme BLT TL Tre 3 . Dorsey's : © : urgen’s, Or. 10:43 x * _Clinton’s Or. k ¥a0use 11:0) ona & Golden Gloves S. Kaye's O 11:13 Strikes & Spares Webb's Or. ways} On om River 11:30 Heller's Or. Charles Barnett J. Garber’s Or, Review 11:45. ” ” ue ”» ” ”» an’s or. a. SATURDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATI WFBM 1230 WIRE 1400 (WIBC 1050) (CBS Net.) (NBS-MBS) : (NBS-MBS) 6:50 Early Birds Devotions Tabernacle Lamplighter 6:45 wn undup 0 Get Acquainted 7:00 wo» Time Has Come Breakfast 8 2: | Twn gh Im Ele 3x » ”» » ”» ”» ”» atm » 8:00 Organ Musie News Coffee Cu ns $15 [emanasin Pak gme MeAGw i le . 0 0! 8:45 oie Breakfast Club Boole ”s Smasogue of 9:00 Hillbillies Symphony Kay Bartlett Smilin’ Ed 9:15 oe ” Hy Ni » » ‘9:30 & Corners ‘ Swing Sornnde Matinee .- Amanda Snaw 9:45 nw KSTP Presents rn. wo. 10:90 Serenad Music Fed. Parad 10:18 Tanatt usio we Yok cart ye 10:30 Children’s Hour Army Band 4 » Markets : 10:45 ”» ” ”» » ” ” Army Sand 11:00 ud ” School Patrol Rhythms, Women’s Fed. 11:16 - » ‘Coll i 11:30 Farm Circle fal to Youth Charlie Cook Farm Ho fe” ev *y 11:45, Markets Farm Hour Boy ureets Girl 12:00 Farm Bureau » » B: om non 12:15 News Headlines Ba Becton a. 12:30 Modern Moods WIRE Reporter Cornhuskers Peter Grant 12.45 ” » Campus Notes Ramblers Campus Notes i Men vs, Death Metro, Opera Barton 3 OL Metro. Opera 1:30 Meditations ” » Topk or. ” ” 1:45 Fran Hines yn Frolic yn. » 3 Merrymakers a » Varieties hn » » ”» 2:50 Poetio Sfrings 9 | Eo R.x "3:00 Charles Paul 0” ire Milt Herth ne HE pagent P31 Migdw ; g 43 ancepators at’s Or 1:45 eepatony, ni. Suzb Sheffer. . on ¢:00 Scholarship Rhythms Jamboree Rhythm 3% 0» Home Editon Studio Bart Swingolog 4:45 » Pub. Welfarg is am wEoloEY

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. MUTUAL—WOR, 710;- WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

CROSSWORD PUZZLE

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less®

we have never paid

than 3% compounded semi. annually. iE

on NBC-Blue at 8:30 o'clock tos

not carried locally, will be heard at

On the earlier program, the Cine

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