Indianapolis Times, Indianapolis, Marion County, 16 February 1939 — Page 23

ETE HA REL

> FE pACE STOCKS || MORE ORANGES (movucen) Fl EF Revenue / \ct ists |... omens fh Imitation ii: and 31 Robinson | LE : ue 00—Kate Smith, WFBM. will offer a tap dancing sample. of 3 PWARD ° TREND wn o> Oe IN DUL | T axing rovisions : or '8:00—Good News, WIRE, . ua | ~ : | | EL © 9:00—Bing Crosby, WIRE. Nigel Bruce, the English actor, gen MILLION BOXES et = p it 1 ( . | 9:00_Andre Kostelanets, WFBM. and Gregor Platigorsky, concert cel4 Lit Gai § ES Exoasd 2 . i 4 | a 1 a ains, 0sses on list pls a oh n xcee oin s i d \ Screen stars like Bing Crosby y ee 03s Jo 0 0 0) 0) ? xX Quotations Hold ‘to Narrow | Soren stars ke Bing Crosby. s olock, NEC-WIRE. Mr. Crosby As Tradi Vol I= . Short-Term d L tion available in the. next succeed- also will entertain ing olume : Range Near P ort-l1e an ONg- ling taxabl be affected much by Hollywood's a screen star, : g ar rrevious fa ) : ng taxable year against net short- Florence Rice of the 5 rts writin ¥ T D li term capital gains realized in such reverse in radio policy 'since their Ri oa PO! g Increases. : Closing Level erm Dealings Are ER principal field is radio. So. there (FSS: 2 : g Levels. Defined fused ai Year, 4 3 (Sho, a such will be Something left when Metro- Bing’ s Somisytions will be “Fun= . . o-. n i 9” D "NEW YORK, Feb. 16 (U. P)— 19% 37 » DOOOOD0O000 elined. amount not in excess of his net in- Galawss s Thurs BY avening show “Missouri Waltz oe for Yi i” Aviation and steel shares featured Woacdago : i 18-0. PJ} SE come for the year in which such) P Bk Of JoaroD. and “It’s a Lonely Trail.” ” [s =suong ook marksl session in the oe e revious\ Section 117 of the Reventle dot of be a. TD iL How hve ot} emia ear afternoon trading today. : 1038, dealing with the er or 0 one year, namely, the However, tonight’s best programs : : - ‘Prices 1a the group were up 1 to the Chicago Board of Trade today. aL e _ oe a - taxable year next succeeding that |present a generous ey of cin-| The “Singing Cowboy,” Gene Aus more than 2 points and the general Stignce Service=Pictos E tistics. inc. 2:16 At-the end of the first hour wheat|™® 0 g accoun in which the loss is realized, and |ema favorites. Rosalind Russell and | try, will be “Tune-Up Time's” prinof lst was strong. al Statistics. dnc, | wasup % to off % cent, corn off | the: computation of net income the {hence the amount of the carryover [Robert Montgomery, popular screen | cipal tonight, ins P : Volume of Bg. ling picked up. until %, and oats unchanged. gains or losses resulting from the may not be included in computing a team, are “Good News” items for pa ght, 9 o'clock, CBStransactions were running more Buying on resting orders tended to’ cale or exchange of capital assets as new short-term capital loss which the show at 8 tonight, NBC-WIRE, WFBM, doing singing mostly, One than double those of the: previous | S 1 ( ) K S steady the wheat market, after mputed and Teco ‘ander can be carried over to the next suc- (when they will preview their new of the songs, “Goodby Pinto,” was session. C scattered local selling gave the trad- io eg opie gf fi ceeding taxable year. show, “Fast and Loose.” | written by Mr. Autry himself for the R= ergo Douglas, eel By United Press Ie > JSgngy. eh undertons: rates .a new principle into the in- Corporation Provisions Are Same Robert Young, M. C, will be on Show: The Man From Music Moun-~ craf TR : e ‘news : Ey) h i ] i 37% up 1%; U. S. Steel 60% up 1%; ond 0 inet | DOW JONES STOCK AVERAGES stimulate interest. = ~._ come-tax law by the separate treat- Provisions relating to corporations habe is Ih his cohorts, Fannie 2 = = Bethlehem "70% up 2; Youngstown Allegh 1 ud High tow Lass Changs 30 INDUSTRIALS : Liverpool wheat closed unchanged {Tent accorded short-term” and are unchanged. As in the Revenue gan, Tony Martin, Warren Hull and | In addition to the outl : Sheet & Tube 47% up 1%;. and [Ahesh Lud Su. 23 33%. © 2 Su bi YeSter@AY ++... oevsseenses ..144.60 +0.43|t0 % cent lower. Beneficial rains in long-term” gains and losses. Act of 1936, the percentage’ provi-| Meredith Wilson Yd Tis oochostra. tes: e outlay of guest # Chrysler 77% up 1%. ; Allen Jnduss- - 36 Is Welk Aro or vosvsinovors 193.99 —144|India had a depressing influence] Section 117 (a) defines ‘capital sions are not applicable to corpora-| : esira. stars, several “meaty” speakers are Pp Allis chal ae a pressmg ” ty held by th 2 Aho ¥ Utilities strengthened and the [Am Sosen ii. i 1% af = Hi Month Age ....ooerurnnira 149.47 40.48 abroad, hut trade was generally fea- assets” as property held by the tax-|tions. They deduct capital losses i : scheduled. Brig. Gen. George C. average came within a small frac- Am CurgFdy.. 38% Bia = a + "9 eh BS iahrn ton: Spa 89 +2.69 | tureless. . Winnipeg was unchanged |PaYer (whether or not connected |to the extent of $2000 plus the cap-| At this writing, Raymond Massey Marshall, U. 8S. Army, will talk at tion: of the high since 1937. North |am Home Tor Mia aR High, 1938. 158. 111 low. 98 5 at the end of the first hour. with his trade or business), but not |ital ; : seems the lit2ly Kate Smith guest |5.q5 tod gah hi © American gained a point to 25%. 40 JS.Bf Yio: 35 354 18% ¥ 7%) 5, 1938, 135013 Jom, Sa. Export, business in North Ameri-|including stock in trade of the tax-| Section 117(f) provides that|star. at 7 c’clock tonight, CBS- p. m. today on NBC-Blue about Commonwealth & Southern Pre- [Am PwLt '.: 8 4 Bh Yetta 20 RAILROADS Bis Lu can wheat was flat overnight and |PaYer or other property of a kind amounts received upon the retire- | WFBM. Fredric March and Flor-|the importance of national defense, ferred was up more than a point at Am P&L Bt A 40 a 40% 40% I i Feste dy frsiere fassrsees ees 3002 1 early today. The Department of which would properly be included |ment of corporate bonds and simi- |énce Eldredge, stars of “The Amer- Labor Secretary Perkins will talk at so: Am Sma... 43 BE ABR T Limon are lll. " 30.00 —036| Commerce reported wheat, exports |i" ts muentory of a taxpayer if on |lar evidences of corporate indebted. (ican Way,” were slated twice for 1:15 p. m. tomorrow, CBS, 0%, “The . . Railroad issues strengthened. | TuBp® '° [00 gn fen + 22 Fear. Ares errors deessace 20.30 1os59|in the week ending Feb. 11 totaled hand at the close of the taxable ness (including those issued by a guest -appearances, and twice with- Interest of Farmers and Laborers Coppers were up fractions to ajAm Tob B ae iiss 85% 8% x. High, 1939, 94.33; low, 27.93. 3,103,000 bushels compared with 2,- |Yeal.» Or property held py the az. government . or ‘a political subdivi- drawn. After a brisk flurry of tele |in the Price and Production Policies point. Oils held steady to firm. Am Water W.. 13% 13% 13% ..., | High, 1938, 33.98: low, 19. 00. 138,000 the previous week. payer primarily for sale to custom-|sion thereof) with interest coupons |Srams, Mr. Massey finally was ob-|of Industry.” Bonds Firm and Quiet Anaconda... nH 2 BL iA ‘ "15. UTILITIES Scattered snow was reported in|ers in the ordinary course of his |or in registered form, shall be con- [tained for cuttings from his cur3 A a Ck 48ls Bin «ain © ip Yesterday ......... pA 85 +0.05| the Southwest and Western wheat. trade or business, or property, used [sidered as amounts received in ex- |I€n, successiul “Abe Lincoln in Illi- ail Xt : . A firm trend prevailed in quiet|AL Reino... 27 0 30 NLT Week Are Lilien. HE 0a belt. Mostly fair weather was fore-|in the trade or business, of a char- change therefor, thereby giving to nois” Dr, William lyon Phelps snd Yaaig in bonds. : Atlas Corp +... ‘8, 3 = 3, ry, |Month Ago ..... iviiiiiesess. 24.85 +0.47|cast. A private elevator report said acter which is subject to the allow- any gain or loss resulting to the & nw ‘Walter Wanger, movie producer, will . 8. Government liens featured |Aviat Corp’llll "7% 7% Tia [..T Year ARS Co. .oocesessolol 19.32 +0.40| winter wheat condition in Kansas 21° for depreciation provided in holder the status of capital gain or| A Shakespearean revival, starri be among {he seskers on fomight's a dealings. Prices moved for-| =H, Nigh. 1983, 25. 2; low, 22.30, _| had changed little in the last month. Section 23 (1) (The bold face por- loss, as the case may be. Mario Bote a Fle Ie ng “America’s Town Meeting of ‘the ward 1-32 to 6-32 point under med- gay & fae, WL 1, 4 Li . High, 1938, 25.19; low, 15.14. Local grain receipts included an|tion of the above definition is new| Section 117 (g) provides that |from his current Broadwa Seeneia Air”—8:30 p. m; NBC-Blue: ’ erate. suport, with 4 Treasury issues Bangor & A p nm, 4 a High Low. Lads ho estimated 87 cars of corn and 13[in the Revenue Act of 1938 and the |gains or losses from. (a) “short sales” | tion, “Henry IV,” will be De Modern conveniences will be con= recording new 1938-39 highS.'Bendix Avn: B% 12% 100Gb melpigre For. M4. EB% OM. % cars of wheat. {only change from the definition of |of property and (b) gains or losses |7 tonight, NBC-WIRE, on Ru dv Val- trasted with the “good old days” Scattered losses among short term Beth Steel .... 70 69% 70 = + 1% icKeesport ... 14% 14% ho. 5 RT capital assets” as contained in the attributable to the failure to exer-|lee’s progrem. y Shen Tnzuries were as rare as jit Treasury bonds ranged to 2-32 point. (Beth Stl 5 bf.. 11% 11% 1I'% I ja | Melville Sh... 28, HM, 2 1 hh CHICAGO GRAIN Revenue Act of 1936.) cise privileges or options to buy or| Comedian Richard Haydn will re terbugs in debating the subject: fo ines Jon tne Domenie Ti Boole Aro... BA. ¥p BT 5 fog Tex 5 1% ie 1% | Opening Yrices today on the Chi- Defines Terms sell property, shall be considered as |turn for a second appearsnce in a proved Mankind? Civilization Ims w er- . = 2. + : a ; national Hydro Electric 6s of 1944 Britis Mig Es 3 34% - i fonsatio® 1. 314 9313 wis = 1 5 Thomson 9 Tyae as reported| gection 117 (a) also contains the i a om sls > oR # =» enw 3 Yad top 5a gain at 81} sos uw a pout, Budsrus-Erle . 1% . 1% 1% : i Viont Ward . WE 50%, 0 + 12/by SO io innon, apes. following fp Ol erm) new |former the percentage a the gu ie : THIS EVENING 3 Industrials were | steady. atin | Bullard ........ 2! Nat isn 13% 13% 1% | Whea . in the Revenue ACL 0 or loss to be taken into ac i (The fudianapolls Times 1 #%. ' American obligations led the foreign canada Dry ... ing 1 4% Nat i = 13% 12% 12% I % Con re. 61% 8.61% $.61% (a) “Short-term capital gain”|to be computed according to the Hi nvuBecuent Saused by station chances after press Inaccuracies in program "ne section moderately higher. Argen- Caterpillar T .. 45% 45% 45% + Y%|Nat Distillers 2% 26 26 — % A8%@.48% 49% 50% means gain from the sale or ex-|riod for which the property deliv- 3 IN IRE TA00 CHiCagg CINCINNATI tine issues featured, showing early |Gelotess......"" We Nh Wh Db Nat Gypsum '. 13% 13% 13% + “A 26% oe change of a capital asset held for ered was held.. In the latter the . (CBS Net.) (NBC-MBS) (MBS-Net). (NBS MBS gains ranging to about 2 its Servo ae. Ko Biiio: ie 1% 11% + 5 Nat Pwr Lt 8 a Ry 21 2" | Rye—m 2 . Vs not more than 18 months, if and to|gains or losses are to be considered 4:00 Before the House L B Program Pianist Hannah ¢ Utility and aircraft issues|cni hail eho 312 Hp n7 INP oo lai IA Wh + hoped the extent such gain is taken into as short-term capital gains or losses.| 4:30 ~~ & Home haiti Johnson Family Jambores featured o Tructionsl advance | chi -1 ME AE H vp Gee BE BR BR LG scsoun in comping net 10eOmE: |" termining Paiod Set | Lope pe he Nensess Or. ivi subivuars rb stocks. Colony ipl 1 ve s EB + Wn P WAGON WHEAT ¢ ri-term Pp oss 1 ©! "5:00 Christi Sci - © Gains in aviations ranged. to Gol’ & Atk pe Le pr NYC omnibus . 31, 37%, | City grain elevators are paying for No. means loss from the sale or ex-| Section 117 (h) prescribes the| 5:30 Shtitian Science; Safely Fn ed “Anderion Patriots Gh im ¢ t A Colum Gas 3% 8% 8% + Ys|Norf & of. 10973 109%2 1092 — Ya 1 Fed, 62c. other grades on their merits. | change of a capital asset held for |rules for d 3 el 3:30 Boh:mians Dick Tracy With Music eatery almost a point in American Air-|Comwith& So. 17% 1% 1% + %|No Amer .... Ri 108 $912 — ¥|cash corn’ new No. 3 vellow, 4dc. Oats, s for determining the period for| 5:45 (nterview Commissions Orphan Annfe well T fon ® lines. Fairchild Aviation gained a Comwith & 8 vf 60 60° I 30|No Amer pf 531, 531, B5la — 1p|29C. i not more than 18 months, if and t0|which a capital asset has b h 00 Yews , ‘homas point. gong direraft. 20% 20% 20% + %|No Am Avo. ‘ Li 18% 18% + 3 LIVERPOOL WHEAT = the extent such loss is taken into|These provisions are in g joer held. Ril) Cams ilk Fay Aces eS les Cant, Miduizht dmes 8 Andy i xn 8 8 cise 1 .e ’ . 3 Utility shares moved forward Sons. Mm ot. Pv in i .e Zo * : : March, old ..$ Ren Va so clogs Co “Long-term gi TCO the effect that, where property is Gap loo. emner Newspaver "of Alr Trelde ‘Sworts Tonics Believe » un Cont Mot ..... eh ohio Ol ...._. 8% ° % owl. 0% : acquired in : : . nde leadership of Floetrie Bond & Son Mot ei 28 a2 uu Ly Oe + ORarin Ea rp ai a ir Naren, Jew. 83% 80s 4 Ya %| means gain from the sale or ex- a, an exchange and the 3:00 Kato Smith Rudy Vallee Heidelberg Or. Rudy Valles common and preferred after Coty =~... o% 5% EN 5! Otis Steel ..... 12s 12% 12% + %|May, new ou So 27s 8302 change of a capital asset held for|p perty so acquired retains the old| 3:33 » wow» Bok Elson 4 er y Juliness | Grane G8... 80, 0, Mo TH pe IY seas B4Ys 64 64% 64 oa more than 18 months, if and to the nid on which to compute gain or| 7:45 No. a. Asm » » ~~ Inactive industrials had gains Crucible St 01°39 "38 3... LL Lg NE 0% Wir» extent such gain is taken into ac- oss; or Where property is acquired 5:00 Majer Bowes Good News on’ Gurtis Pub . 5 51 ¥ Paramnt Pict . 10% 10% 10% .... such ga en ac-|f : : ir 5 Don’t Believe It Good News ranging to 2 points in Aluminum |SUHS ERR .-.- 3% gh Be ..c (Parke Davis... 45 45m 452 oo count in computing net income; rom another person and retains| gif oo» » ow nen . oo. es Co.of America. | Actives firmed Curtiss we A 2 21 ar Fy Pathe Fim ..: A a2 22 + % (d) “Long-term capital loss” S same. basis on which to compute | 8:45 uo, ow Ee i - Tomorrow's Teib. nh : fractionally. Mining stocks were —D— Penn RR ...... 20% 20 20% + % means loss from the sale or ex- gain or loss as it had in the hands| 9:00 Tuue-Up, Time Musie Hall won : - steady. Oils gained fractionally. Day 2 PSL cu Pf men ug 10%... | Ea Cos bt a8 kL Ia change of a capital asset held for of the person from whom it was| 93 ~~. . » the Merle on sz 2 Douglas Air ... 72} 4 mh 230s T 0 |Plerce © bf ... 8 Lo 3 1 h CENT more than 1s months, if and to the Srauiredl or WHT ston = Sewt 9:45 Social Security . w Tucker's OF, . . si = h extent such loss taken int - r OY | 0: 1 T ay S B us iness Ftd oe h'.. 28% 33% 2% ... (Radio... We Ts Th + ; count in computing net hen an exchange upon which the entire 10:18 3." Dorsey's or. Peadiine News 35s } ena ay Hutte Sweet Adeline od Eitingon Sen. a a an [Rem Rand Cofthe MC OM oo Ce) “Net short-term capital gain” Sonn gain or loss was recog 0:50 Cafloways Or. Unemployment Carlsen’s Or. Gardner Or, Bios Monte Ind. 3% 2% u% + io Revere Cop... 16% 16% 18% + i means the excess of short-term capi- aw), or a contract or op-|jyg eS E : At a Glance ies Fwrni c.g an a CC|Remiett lane Wm uh WTon Price G to $8.50; tal gains for the taxable year over |Uon 48 entered into to so acquire, (1118 Str i Or aro Ets Or, Clss Log Or « Hos Eire pi '. So Ex-cell-0 eeu. al Spade + a “eee p oes 10 J a Bans (a) short-term capital within 30 days before or after, sub-|11:3 L. Noble) Or. Crosby’s OF. Crosby's Or. Review $e By United Press : Fe ; : 11 fort stantially identical stock or securi-|— Dalleys Or: 3 GENERAL BUSIN Fat Scott Pap ...... 48 48... Veaiers Are Strong to osses for the taxable year, plus ii; £ or securi Hi ‘Dun & Bradst INESS tn Mol Sha Fi ts iz oe + o2 (B) the net short-term capital loss| Ea rae sed FRIDAY PROGRAMS 15 un radstreet reports holiday | First N strs J. 48a 48Ys 48% + Ya|Skelly Ofl ..... 25% 5 Se - + ++ ‘lof the preceding taxable year, to the : which such prop- INDIANAPOLIS INDIANAPOL : I is week ended Feb. 15 bank clearings Freep 8 Sulphur. amie 20% amis I 7! snider Pre... las dep Jas Ti Up 50 Cents. .... Ot forts brought forward fo the tax-|rl. is considered to have been held VeBE Net TARE Tiss" TWESIRG® CRrn ee 3 P $4447,565,000 vs. $5,443,267,000 previ- ? h Bh wh mn Re Lp hy RT — 153 year under subsection (e); ~ |Py the taxpayer is not computed|-. : Se a: i ous week and $4,267,187,000 year Gaylord Cont .. 16% = 16% 16% So Por R Sug.. 17% 17% 17% .... The hog market at Indianapolis| > “Net Short-term capital loss” from the date such property was 6:30 ' Extly Birds Devations Tabernagle Checkerboard I 3 ago. Gen Baking ... 10, 10 BE iw 5 28 3... ltoday was 15 cents higher on all| CEES the excess ‘of short-term (acquired by the taxpayer hut from/ peg % =" Time Has C : A ‘Edison Electric ‘Institute reports|gen Electric: 4% 14% 14% + Y%|South Ry lll. Io 184 18% + 1 weights, the top price for 200 to) capital losses for he taxable year|2 Prior date so.as to include In the Jas oo» is Was Come Brojihagl Jam = ime OE. p Week ended Feb. 11 electric out-|Gen Foods ...: 20% 0% 05 YT Sonn Ry of .. 3 21" ..... |210-pou: over the short-term capital gains [Period being computed, for the pur- im ww . . .oow husk ‘Waten Gen Racus 9% 39% 39% s|Sperry-Corp .. 45% 45% 45% + % 210-pounders going to $8.50, accord- 7:45 wn = no» wor put 2,268, 387,00: kwh vs. 2,287,248,000 Sen Motors ioe 48% 434 48% + % | Spiegel Inc .... 13% 4% 13% 4+ ing to the Bureau of Agricultural for such year; poses of section 117 (b), the time or Maveell = previous... week. .and». 3,052,302,000. gen BE IR Se I ha A Rady 3. do. or | ECONOMICS. wiaimic | () “Net long-term capital gain” [such property was held by the pre-| 3:15 Tex Walker Dessa Byrd Fa Ful Aniton year ago. Gen Refract ... 38. “33 I + HISAO&E LL 8% 8% 8% «+ | *Vealers were strong to 50 cents|ieans the excess of longterm capi- |ceding owner or the time the stocks} 3:35 {30N0E,,, Baby Bulletin Wan a Job? ~~ Hilltop House’ . CORPOR ATION REP o RTS i 2 3% 3% 2% - % Std 0 9.0 al : 28% 28% 28% +""%| higher with the top at $12. tal gains for the taxable year over or securities sold or otherwise dis- er he Strings Piano Parade Devotional Silhouettes id Artloom: Corp. 1938 net loss $96,- SE Paige. nr» trl Brod. bi " 1 Hy = '%| Lamb prices held steady despite the Jong-istm eapital losses for sen ir Ap hin he ne To bs Birger’ Komen Giher"wite” ross 1 20 Musie a a .. . |Strl'Prod ...... a } 1 + Yo case ma e. : i ” 3 ; WH ws, $154,722 in 1037. at Toate (Pos 2m 2 + | Sideeaker Co. TT 4h ak Te Una} large anrsday Jeseipis. Bulk | Y*45 net long-term capital loss” |Which a Ee ‘has held Stack 5:45 i Stepmother Woman in White "on The Goldberes we 8 -— \ Sayan ds Tembert Manstsstr Geen BLU HE BRB I AERREERCORL BOR lo et mot natives [120m $890| 1,cans the excess of long-term capi-|{5sUed fo him as a nontaxable siock {if filed” Pune hd Linda's Lore 8 rofit $146,589 i Ne vs, net oT 2 a + 'Alswift Intl ..... oe * 28" 3¥"'wldown. tal losses for the taxable year over dividend is computed as though the 10:30 e Sister Lorenzo Jones “Matines rem Je 3 Sade prof mn 195 ecker Prod. ... no. uv i + % ST El ihe long-term capital gains for such (dividend stock were the stock upon 10:45 Life Stories Editors Daughter F. Grofe's Or. Koad of Life RAILROAD REPORTS Herc Pdr ...... a7 tgp 1 47|Tenn Corp .... 5% 5% 5% + Ya (All Recelpis are ‘Saleable) year. \ which the dividend was issued. TL |1:00 Mary MeBride Singin’ Sam Noon Rhythms Kdite s Daughter . Atchison, Topeka & Santa Fe Ry. Howe. Sound . #1 gah SL: OT th Bs MT Lif I SIReb Top Rests Gains, L Re d i i crete’ Dr. Vistons © Charlie Cook Es ’ . .. 48% a pi — oo s| 0°... a2 Bes 10... .8 8.30 68 ains, Losses Recognize 45. : Hi ig Arie Sw Co. 1938 net income $8,228,044 equal [Hud B M&S .. 3.33 Blvd SB 5: BB Irh... in NG wi 4 : + Markets Boy Greets Girl _ Farm Hout ® to 83 cents a common share vs. $7 ye Tmo Pr... ait ost oth Tt opino.. s30 1000 16 ... 850 4601| Section 117 (b) provides that in Ln ilarm Bureay +. © 0» 3 wo» . $7,- rer ten ih a IT A Ol BE 1 30 Ba SEER Hews Head ack flome 659,404 or 59 cents in 1937. I Central... 18% 16% 16% + %iTm BAC lw Wl WH ee the case of a taxpayer, other than a 12:30 Bohemi TRE Be Frank Duigeon Farm News or asine Co. 1938 net income $3,- fre Cc. 14 ” H i fn Toh Contopox \. 3% daw mn © 4 dgdand Gilts J co aching Sey corporation, only the following per- . 12:48 iMunbattan ae Hollow - Smiint Ea an 309 equal to 35 cents a common nt ... 183Vg 183% 183% + % al Chol Sis 08 7.40- 7.65, centages of the gain or loss recog- 00 Party Line Betty & Bob Food Quiz Betty & Bob ? i Uni 5 - - i» - 1:15 ’ ’ ; |, 200m cau lo 6 cone «common it Be bc gt gh fw Bone mar wii we ow HER 0 BE On non She SSL CERES PLAN ME MR RERLECCiET EES . DIVIDENDS Int Nickel ..s.. 51%" 5114 51% wore’ Oy aire Cp ... 40% 40% 0% + '% 133 3 8.40- 2.50 Moding — a capital asset shall be taken into 1:45 * Betty Crocker Bandbox Betty Crocker | : Int PEP 0 3% 124 134. lo; Aidites 1% Hn Lh ub 200- 220. 8.40- #30 en account in computing net income: 2:00 Marine Band Holywood Girl Piano Moods Mary_Marlin Devoe & Raymolas Co. Tn, regu: 1 S20 ER HH HR Gn BOF be pn Ep BER 8 ED nr i ag 00 Toy ov J th septal sree ba SH cnmner on ERT EnotheE Roa Ved r 5 on preferred pay-|Int T&T ...... 8% “8% 8% .... (Un Gas Imp... 12% 3 I BT "2 Med - 7S been held for not more tha : I~ 34" we pert our dine Li , 3, 123 }, 6.40- ore n 18 . 45 Baseball Talk Guiding fisht t A printing. Ink orp 10|7ohns Man .... 91% ~91% “91% Lr a 4 ti oo $ 4 CATTLE Elona 371) "| months; 66% per cent if the capital Brokerage Houses to Unite 390° ibn Sturress Backstage Wits Swine Ooycert Mall Halfsefelds . iad 4 A U S Rubber .. 45% /a st Bull asset has been held for more than 3: » RX Balla Virginia Tavier Midstream : sents common payable April 1 kennecots a ot % u 8 Rub 1 pi of. : dog’ it, ft x w B50 soa si ALL | Weis fh 8) 18 months but not for more than Under Name of Lamson 35 » Minstrel Men oe yao Arius Kitty eens its recor arch 14 vs. like payment |Sennecot su > a 31. We + %IG § diene. alt 1189 119% + %| 600-1100. '11.00-12:50| Medium : é.50- 7.50/24 months; 50 per cent if the cap- BR & "4:00 Butler Forum High School News Legislature Hannah 4 » Year ago. Kresge EE an an qh | . "| L100-1300. 11.00-12.501 Medium . 8.30: 3 30|ital asset has been held for more ros. Co. 4:15 Tea Tunes Interview ZaZooZology Shank’s OF. G1 ro ernatiara} Shiver go. $200 pre: Kroger G&B .. 24% 24% 24% = '% Van I 3 25 B®. 1 3 0-500. 11. 38-12. ad an Li than 24 months. : ae : 4:30 ur Home Edition Studio Party Juck Armetrong i Lvs, ike payment year ago. Lee Sas a waldort Sys .. TA 1% Th + Y| 300-1500 Rt 8 Bedi 11000-1180 alte = ny 2) Sores for an| CHICAGO, Feb. 16 (U. P.).—Two KEY NETWORK STATIONS (Subject to change): 5 IONS yeal oe: L-O-F Glass. 48% 48% 2, oo |Wamer Bros IL su sh si L.|Medume Comion. 5.50 8.50 rnative tax in the case of a net|of Chicago's largest security and | NBC-BLUE—WJZ, 160; WOWO, 1160; WENR-WLS, 870; KWK, 1350. 4 we Lise & My B..100% 106% eh. + ¥ jes ing EI e 3h 32 + % 150-100 8.00- 9.00. long-term capital gain of a jag» commodity commission houses— | NBC-RED—WEAF, ‘660; WTAM, 1070; WWJ, 920; WMAQ, 670. 2 is N. Y. Bond Ss Lott. Inc FRR 2 ¥% on 91 v restvaca £0 Lene 18% 18% 185 — i; 1100-13500 Pa - 32 ks (Receipts, * 303) payer Siher than a corporation, in|Lamson Bros. & Co. and Harris, CBS--WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. 00se-W : = Bn 1% 19% + '%| White Mot... 105 103 1034 .... | 750 900. 300 8.25) 250-400 § 8.00- 0.00 | EU Of the tax imposed by sections|Burrows & Hicks — will merge MUTDAL-WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. 4 U. 8. GOVERNMENT BONDS Loriliard: of... 149° 149° 148° -2'i [Willys Overld pt 5% % ou i Heifers § good 1.00- 4.00 u ahd 2 i the ast, if, and only|March 1, it was announced today. Treasury Bonds dk ~M— Worthington... 18% _18l4 484 lomteer noo) COMmOR. 5.00: 500 410 Sues 2h rnative tax is less than| The houses will unite under the A $ j;Bigh Low (Last Mack Te ote 0% ny 0% + % | WK t Aero ...112% 111% ° i12% +3 00d— . sd oouer and e posed by sections 11 and name of Lamson Bros. & Co. and he 1073 lors 1073 |M E mod gtd 1% 1% 1 T livelow Tr... 18% 18 18% + 3 0). 8:75. 5.15 ker Cattle |12, This alternative tax is the sum will continue to operate as com- CROSSWORD PUZZLE 5 es 108 BY nS Sih 2s x 4 Younk S&W.. 16% 16% Bh tt 2 550- - 900. 8.00- 8.75 5 wo + 300-82 of (1) a partial tax, computed at|mission brokers in securities and A ' A EE ei he HET BIER ee erie sin pith oe roid yon In commis, Betts tod in| rT per a Proview Fue WOBod to "ve.119.13 119. ; . ; Hons ©. Lae con- wer ous e 4 to i Te Wei 10013 10613 Curb S tock s LOCAL ISSUES Good.....$ 8.15= 7.50 "50-1050. 7.35- 8.0) taxpayer, excluding therefrom for|solidated firms will be maintained.| 3 Claudette 3 Orn 8 in 105.5 as loa The followin i Medium". ~ 6.25- 6.7 Heifers this purpose the amount of such net| Offices in Minneapo'is and St. pictured TITHE RRUREANK, he ga ed i 039 l0a3. 1080 : Not Janrhs [oliomwing quot ations by the Jndian- Common. 575 6.35/Gio0d and Cholce— long-term capital gain, plus (2) 30|Paul will be under the direction of sciress CAVE TRV OIL IARRE AIP fame in ewes " Home Owners Loan Bonds AN Co Ain HY IE Charge sent actual hids or offerings, but merely & cutter.. 4.25- 5.75] Common znd per cent of the net long-term cap-|Albert W. Lindeke, resident part-| og) stars in XIMAISERE IME IE I HALE 17 To satiate, PD 2%s 1049-39 ......... 102.20 102.13 102.20 |Am Airlines .. He Mo BL inte at To) medium." 5.15- 72s ital gain. An alternative tax in the ner. Theodore H. Price, former 2 sare Cg LE | 2 Sy ER] 18 Golf term. FORFION BONDS Am af, “ Lh) 12% aa + 5 recent transactions. SHEEP AND LAMBS (Receipts, 3353) |case of a net long-term capital loss partner of Harris, Burrows & jJmotion — N= I=] 20 She is 8 === Arghnt Bs TLL. High Low Last|Am Rep cp 8% 8% 3% Tn Stocks Bid Ask| good Lambs of a taxpayer other than a corpora- Hicks, will make available an addi- 12 Piece of qa LUTHER LAR VIE] ustralia, | 5s A FAserars 100% 100% 10014 An Super wt 2 RZ Gh —1-15 julo Invest Corp Nem 7 » Choice. % 8.75- 9.00, | edit. $ 7.50- 8.50 tion also .is provided a subsection tional New York Stock Exchange poetry. TR NS AD Bi a 22 Prosperity. 9 Bom ee asia 1 3 [Amc ceR A . whe ite Bn EERE LSA medium § 7.50- 8.30| (c) of section 117, in lieu of the tax|Seat and will act as floor partner J312885 of fishes, AE BURBANK [x1 0 =IK Fh oe Canada 3s 67 ii 100% 10014 100% Bath Ir Wks . 57 67 6% 4 Cent 1d Power 19, pid riley wm Good ‘and choles i imposed by sections 11 and 12. In for the firm in New York City, 15 Woven string. M AlY| iM LISIK =111 28 Wild service Denmark 6s 42 ......:. 103 $ 1egep|bell Air 30% 29% 30% + Dome er Pt Wayne 7% pid 52 54 |Common and roe dium. ioe: 8 380- 450) such case, the alternative tax is|, Lamson Bros. & Co. was founded | 16 Penny. + K s MAID [|] trees. DOMESTIC BONS [Bre Ae ath gi fF finda Maen "Toe pia a 13 : —_ available, if, and -only if, such tax|i® 1874 by L. J. and S. W. Lamson. 370 cover with NAPPES BEORSETIAN § 28 Trivial. o Proms ould] dhiGme en nM RE Ta Ind Hydro Sieve od pra 11'Q io Uiicaao LIVESTOCK [© greater than the tax imposed by| 1; "S "STATEMENT | 19Miniary JARI BECERELTE > wheel, EROS Bl E dcimEe Hu BL ORE ER he le J5gs—Secolps 13000 marke, atv: by computing the excess of (1) a, MASTINGION, Fi, 16,0, Pico oy SOL ORTIICOLITIIRT SITE] 33 To emulate, DL Od aR Rr 108 100% eee in 2 NRT I ge oo pid 08 hab Wednesday average; ight weiBhis tax, computed at the rates provided current fiscal year through Feb. 14, com: | 21 Gold quartz, 42 Intended 61, Sh 3 | Som Stir stesso diet 1 Mat BENDS HE BBN LT ANRERS se shale HY 8 BERS Ph 0%, 38.9 sparingly: oy Sections 11 and 12, on the net in- "4 THR & WLS, | reyes | 3% REEES slight. ® works in 3 Roling swell . Cen 41hs 2013... 55% Hy 100% [Ei Be 4 OF o bf eas $8 69% + YIN In Pub Service 1 Dia 184. 41 |e srisen: good S00-3000b packing come of the taxpayer, including for |Sxpenies - 32853433 is 02 $4.581,900.116.85| 24 Neither. weiU,'S, of water. Ve Bem SEdep nd mn UIchads TUM Ba ME Td N Ind Pub Service 17 pid (Il $3 90 |sovs $6001 extreme weighed so.15| [015 PATPase LAE AMO BL BIOL BOISeh ender: Hou HTS £3 “siditiel] 20 Parent. $4 Netler VERTICAL 40 Decorated Aaa ee. he i fue RL ME NEC Eames ig Sm 5. FS reat, a0 en gone i Ra ee Se Im: (EEE 26 Broth. pronoun. 2 Musical metal. arner Bro 6S cic 98 0-98 = gg {Humple Of .-- 83% 83 ol y.|S071n 4 Pld. 81k Jl gleers and ‘yearlings moderately active | Per cent of the net long-term cap-|Work. Bal 2.494.590.077.31 1.222:680.222.13 27 To percolate. 43 To drink dramas. 43 Impudent. 9 ockheed Alr 1. 32% 3% 3% + % T Haute Title Elec Co com... 28" 28 | through list: less A esirable. FINES Foal ital loss. Eby Bent 33.767.076:103 gt a 2¢ Measure. slowly. . 3 Solitary. 46 Needy. Chicago Stocks | =5." "ty “i ae EMER SS Lg) Limits on Detection Eafe MILHEAL “RIEL 30 Accompanies. 47T0 do wrong. 4 Wager. | 48 Fodder vat, : v's ies 0 COM ..... . 2 posed to ao | Renhroad ool 1% ny a. 0 en Ea » 10. us af Eades ob Sr a hands, SI0S0G1LI5; Section 117 (d) contains the limi-| _ INDIANAPOLIS cusarmnG mouse | po 4 To Smare: 5 Mesure of. 2 ee. Aviat & Tran ......... 6 Lo toh Sterl Brew .... 2% 2% : 34 L''y|Amer Loan 5s 46 ....... “co 98 100 little ly, good, ‘choice and prime kinds &tations on deductions of capitalp Cleasings «resvsrtiverssssssner 33-225:000| 8: Branch of 51Yawns. 6 To wander 5 pear cot » Ya 37 273% |gn Tiabws A 7a 3 + 4 Citizens Ind Tel’ ibe $i a3 log |msing vely siow, killerssa pviving. essuve|losses. In the case of corporations ee sia : “ola 9% ow wr 39 2%: 2% Crabbe Reynolds-T. at every turn; fe B i ) learning. 54 Nothin idly. | 19 8° Shek lhe he 2 Home, T&T Pt Ww 82%, sas i fod i Fra hes josses from Soles or exchanges of [FOREIGN EXCHANGE | 35 Palm lily tree 55 Tales. & 7 Beasts’ skins. Dm. 3% 2% DAILY PRICE INDEX |{¢ gato tel gv, rar of SE ar oll Slr Thin laver, . SCout. . 55 5pain. = % 1%,.| NEW YORK. Feb. 16 (U. P.).— hap Is Railway Inc 5% wo 31 19 to 125; 5: yeaiers seine freely at si Lois plus the gains from such sales or rencies: Ee es qn major cur- 39 Wigwam. 60 She was born 3 Small flap, 56 Exists. . 21% 27% |Dun & Bradstreet's daily weighted |In DE DT RE rrree 03 107 |fat lambs steady ‘to stron “sheen ready. exchanges, except that in the case (England (pd) ..... 3488 hates a0" 4: Noun 0 RT — 0 On. 68 Form of “me 9% 1% lorice index of 30 basic commoditi Ee ar Wi a 100, Ly chop $i.906 siieadyi Ce certain banks or trust companies, |Garade di 81% oT termination. France, ty Far. 59 Publicity. Bi o eS, | Krusner Packing Co es 50. 52 04%, Slayent OE ‘ewes 34 Saas .15 S0as is, {rade Canada {dotiat) ee 4999-18 4.00 1-32 ; : : ath 2k compiled for United Press (1930-32|Morris 5&10 Stores 5% 50 ... 89% 10238 around stead gh a“\ocis. 1a ications this limitation is subject to the mod- |[auce, (rane)... {aggls +00 1°18) | EH mT] ! ; 26%, 26%; equal 100): Muncie Water Wks 2% 65 ....102% ... |to choice fia sighier ewes, $5; adie ification provided in subsection (d) |Beigium (belga) '.... S687" ¥.0000% I . ony. vvssxscssieses: 10820] SoBe HERP 05% 0 [0 100 {G3 chub ALT, (1). In the case of a taxpayer other Sermany (mark): ths ii 7 in B85 Week BBO ..vuueeneeiaonsesss 104.63 EUDIC Tel Co dav 65 . 0. 8 97 100° : Shan a corporation, short-term cap- hgh 20%. ha Maromal Biel fi a 14% {MONth 880 ..cogoveneeenruane .105.88 | Seymour Water A 105 OTHER LIVESTOCK al losses are allowable as deduc-|go der Jguilder )... 5365 —.0008 Me A a raves 1%. 18 i Year 80 ........%.....:n....113.13|T Haute Water Wks 59 ....: 1 103 tions only to: the. extent of short-|Norway (krone) .... ‘3354 —lo1%s 3 . Noblitt Sparks sessere: 24%. 24% 24% 1939 high (Jan. Tor, 106.10. Trae i oy beer. es 8% 49 +101 a So INCINNALL | i 16 . Pe —Hogs— term capital gains, that is, losses |Denmark (krone) ‘i. 12093 . _...... ad Ta + 100% 400 10211930 low (Feb. 9), 104.63. Market Be Invesmont: Corp... 39.51 15.0a | Serie, on J€ht Supply ste sieady Jo 4% bigh. from sales or exchanges of capital Pa ssen C KF bo J a 8 17% 3% \ eae nin “(By M. P. Chist & Co.) . Ibs. w 8 100-140 | assets held for 18 months or less are 8 e r a r S 5 = of 54 : YA | { tist & Co. . Shs 0; bulk et So . i - ; : 2% 2% 2%] LOCAL PRODUCE Ll 50. & sows, | allowable as deductions only to the |“ hy "FOR | : 3 oe [oi Jd pl, exo OOD, PRICES oaties” Saisie foods. Ja Ssh mp lexiens of gous fom He = 1 a a — , 4% er, 13c; hens. under eb. 168 (U. P.V, — | marke generally fully stead: changes of ‘ca assets ‘h ] J hs x ado shorn hens, fc Barred Michigan = Mackintosh, _bi., § si 58 1. 75. Eh few lots medium to ng 5 not more than Ts months. 9 for oa ER ENT SEE FINAL EDITION |[incras isobeed SBEtss b® (be 203 Shi Sorex Sarrort Hilt Wi, WARE | Glo ully BA medi, 42S tan 8 corporation) DIVE IT YOURSELF. Ine, 7 Th over, Ilo; spring chickens, 3.1bs. snd|g; ri 5." 81.26@2, S| “Shee able receipts, 200; on ‘OF THE’ TIMES O Ne. TC steicty. fresn, count hampe lt oil Sh Casfinopetzcall Market Steady on somrcanted. Frade: and who in any taxable year beginning _Phone: Riley 7788 | @ 14c: each full case country ru Ta SEs: square crates, ae ele Solon ; marke: Ket Eee aT Ya me . Be Ross: ee d after Dec. 31, 1937, sus a net 4 FOR HY ful Bet Indgy oF of 18 cents for sacks) Tiiols “reliows. £0@ 15; | 3nd. choice trucked-in native lambs quoted | Short-term capital loss, shall o en- ; § 5 GF on 9 be made. | Michigan ¥ellows, @s1: Wisconsin | $9 [email protected]; com and medium sold. $1 $7|titled to carry forward as : § § pl AER 2600; Buttertal’ No. 1 ate: No: 3 ate: Bocas os, oes abo “Ewe Epanisn, oy; slaugiies eves mainly By ; = 55 & dedues = dl’ 5 s | OTHER LATE os (PEE ited bf Waterco) | eer 1a cents nish: 200m’ oe su BS ARTE ; CANDY oumazap nav meosree | atoms ses vr Jn ia ERE ar El WASTE IRL y fa EAE 8 ma NEW YORK, Feb. 16 (U. P).—|Sales of General Mofors cars and| 100-120 Tbs. $745, 110.145 Ws.. #1561 PAP ER 9 \ Fi CLOSING STOCK. = y Baral While, president « of the trucks 1 Sealers in. the overseas|jumbuvys gs stags, $550; caves gS0: || eo apa : 2 Fo ! 4 » has mar uring January totaled P i No QUOTATIONS been nominated to become a trustee 30878 units, an increase of 34| i kel, he ei _ STOCK COMPANY ay at Sa I ] E ae New ork, it was per cent over January last year,| $7. foal oo; ‘160-250 Ing, $8.1008.30; igs. ‘RI-6341 : 820 ow TOCK TYPEWR CO: wt 3 ——— - RROunONL today, corporation regiorted today, A 20 W. Mich. J} 30 5. Pennsvivania St. off fa-4712.] | ; 3 al gf