Indianapolis Times, Indianapolis, Marion County, 25 February 1939 — Page 15

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\. Hoang TALK | "BRINGS RISE IN

STOCK PRICES = =

v Yeirge Blocks of Shares

Traded as List Goes “Up 2 Points.

- E NEW YORK, Feb. 25 (U. P)—{Am iy

The stock market moved higher to-

day on thg Hopkins statement that a the Government is shifting emphasis 4

from reform to recovery. Initial dealings involving blocks

®° of 1000 to 5000 shares came out at

.gains ranging to more than 2 points. Utilities featured in activity and the average for the group mounted to a new high since 1937.

Demand for the utilities was

fostered by the Hopkins remarks|4

, on the importance of breaking the

: Numerous issues in all sectio * made new highs, SE Se ® mercial Solvents, General Foods, In- |p

/ McIntyre Be

-@+ U S Rubber preferred,

’ > Ja

8 Low cut

"Feb.

Medium. .

e 4 ¥

FT. v Steady

log jam of private capital in that industry. Among issues making new highs were Public Service of New Jersey, Pacific Gas, and Commonwealth Edison. U. S. Steel opened 4000 shares at 63% up ‘1 and then moved up further. thlehem ‘opened 4500 shares af- 74% up 2%, receded to

73% and {then came back. Chrysler’s |:

initial deal was 5000 shares at 79% up. 1%, part of which was lost.

ternational Harvester, Porcupine, Montgomery’ Ward, New York Omnibus and Upited Aircraft. Eastern Air lines and Glenn Martin equaled their higns.

+ Local Livestock

(All Receipts are Salable) Top Reocts.|Feb, Top 1500! 3 «..$ 8.35

2%... 200] 2 8.45 21... 8300 33 8.45 22 ... 83 513

Barrows and Gilts | Goo ii 350 .$ 7.50- 7.75 350- 425.. 1%.25-

Rects. «8 8.50 » 3 3 65 - 5635 1200

Packine Sows,

425- 550 fedium— 15- 550

7.6 6.35- 7.35

6.50- 7.35 Pigs

| Medium. . CATTLE (Receipts, 50) Bulls Chie ola bs 7.00: a0- 50 $e. Li Si: Medium. 6.50-

& Cut. com. 5.50Lio. 1300. 11. 00 12. | RR, 3 9.28-11.00/A1

raor tab erie AGS

1 Welghis

9. 9.00- 11.25 8.25- 335

common.

8. 00- 9.00 Calve: (Receipts, 25) | a0 nt 400.8 8.00 3 00 Ho 00- 8.25 Good .. 7.00 Heifers Medi

ofze— 1.50! Se 750- 900 § 9.75-11. | ocker C: Cattle 3.95 9.05) Yood—

- 8.15] 5003.00. 3, 3 900-1300.

s50- goo 8.501 scoMediunows ave 86.38 750{-COTIMEN

6.25- 6.75300d ang ch

olce— 5.75- 6.25 uk 7.25- 8.25 ro

an and Ee 4.25- 5.75| medium. 9.25. 17.25 SHEEP AND LAMBS (Receipts, 600) ; Lambs

ood 8 Reali $ 7.25- 8.25 om 6.00- 7.00

0od— 750- 800. 800..$ 8.00- 9.25

30 8.00

> Common.

O205185%5 8.50- 8.65, Thea

5.00|C Good. and choice . 3a

ces$ 4.00 Common and “medi hie

2.50-

CHICAGO LIVESTOCK [avers eu)

08s Recel ts, 200; no early action of mportance; holding few scattered lots at ad prices; fo ® he week feature was seni orating gual ty Suggest Siealip of of o ew croppers s ' fightwelghts gold well hove & this one heavy “butchers. [email protected]; top for week, $8.50, equalling’ 1939 Li Cattle—Receipts, 10 no ‘ oalves: market nominal; compared

ste de

58: heavy sausage bulls reached $7. 40. + gelected vealers sold sparingly at

WAYNE eb. nts lower; $8.15; 20240 Too. ., $8.25; 160-200 lbs., $7. 25; 240-260 Ibs.,- $7.80; 260- 580 1lbs., $7.65; 280 3% lbs., $7.50; 300-325 lbs., $7.35; 325- 350 $7.55; 140-160 1bs., $7.30; 120-140 Ibs., o 05: 100-120 1bs., $7.25. a Rouehs, g6 $6.50; stags, $5; calves, $11. 50; mbs

25 (U. P.).—Hogs—

FOREIGN EXCHANGE [=

YORK, Feb. 25 (U. P.).—Following are closing cable rates on major cur-

rencies: Cable Rates Net Change Fustand {pound} , .$4.69 5-16 , --.00 3-18 Eng. (60-da. b. ra) 4 4.68 9-16 oy (dollar).. .99 11-1 France (franc) ...... : Italy (lira) .e Belgium (belga) .... Germany (mark) +. Germany (tr. mark) Switzerland (franc). Holland . (guilder)- .. Sweden (krona) .... Norway (krone) .. Denmark (krone)..

Joc L PRODUCE

Heavy eed hens, le; broilers, 1% i, Ibs and over, .13c; hens under bs., 13c% Leghorn hens, 8c; Barred and White Rock springers, 11% Ibs. and 13; colored springers, 1'2 lbs. and up, 12c; Leghorn broilers, 1'2 Ibs. and over, 11c; spring chickens, 2 lbs. and over, 13c; old roosters, Sc. No. 1 strictly fresh country run ¢ gs, 14c; each full case must weigh 54 Ibs. s: a net déductionr of 15 cents for each

@?29c;

+.0000%2

5531 | Bul

0 {Can Pacific

Chi Mail Order i, 7{Ch M St P&P..

S12. 0012.50 | & 11050-1250 | S

7.75- 9.00 | =

Co - 7.50 | SO

Fed | Douglas Air een

; |Duques L of o

» | East R

200-220 Ibs. (El P

-| Florence Stove.

‘heavy breed |Gen

390% 9% 1

11%, 23Ya

. wy

Allied Mills .... Allied Stores ... Allis Chal ..... Ameradad A g Del .... Am Bank Note. Am Bosch Am Am Am A

Mm Am Am Am

m R Am Am Sm Am Am Am m Am T & Am Am

0 Am T Am Type F

An Am Am Zinr Anacon da

Arnold Const Artioom

pipet C0 pt DI OO WO 20%, a NSPS . 4 oe 0 v ew . . oe

oh M. Burroushs : Byers Byron Jackson.

Pb CO bd ps DD ed red iB +

Callahan Zine : Campbell Wy

* Lege

cannon 1 Mills! Caterpillar elanese Golo Pe

nt CR)

= Sebel

Certain- -td 6p Ches_& Ohio

bs bt Gd ohn pt iB DI DDH OO CO $4 SrND bot CIC ED E70) Cit Mn 3 ub

Chi Pneu T C Pn Tool cv of i Childs

~300

- 2 a ali SN Bog

Gas Col “Pictures vie 1 Com Credit.. 55 Com Inv Tr.... 57% Com Solvents. . 13% Tg Ya 812 Va

eel. . Va Corn Ex ®Badk. " 547s Crane Co 323 3 Crane Co cv of. 105% . Cream Wht 281% Eroatny Cop. . 93% Crown Cork ...

Curtiss-Wr ‘A Cutler-Ham ...

ist Sea Dixie-Vortex A. Doehler D Cast’ 3 Dome es ..

‘Mill |... K |

ETE bh ph © No] 0). AAS BARR PSS

w 8 L $6 El Pw & Le $7pt- = | Eng Pub 3 £: . Eng Mo . Efie 1 of sureka Vac .... vans Prod . cell-o Exchange Buf. . & : —f Pairbanks of | foo Sh Lt T.

red Dep St cvpt 39% Pid Phen Pirestone pf gs 102 first N Strs |.. Mintkote

hey 9-203

abt COC bet et — 5 . oe

~3 ®

RSS

° . .

8 15; 89% 102 28% | 25%

Foster Wheel | .. 26%

.v. 58% . 119

16% 32

i i

49%

58 140

i: 19980 15% 313 32

ve Sm . 2312 ees Yoh ce. 34% . 135 24 Gitlett TY Gillette 8 % ‘pf 483 Sim el Bros .. en .i.... 3 Conor Adolf ...

. -

96%c; butterfat, No. 1, 23c; No. 3, (Prices quoted by Wadley Co.)

n| pf .. Granite C Stl..

4 tir:

yee +: [ly uae

”

$32 FEELELEE H H Lous us

Tr] 4H Fr I a i

RET i i PIR

+ te 0 a

+ gy

ety Fl

CHEERED FEE

* -'e On -. CCR : -

SEFETER aE

$40)

EE Somer

Net Close Change

Ya Ya

Bee

£9

- A at eee ee

CN aa

compared wi

15 MOST ACTIVE STOCKS ° Net ‘ Close Change + 1%

High 633% 26% 9% 4% 42

U S Steel ...... No: Americar .. Chrysigr ....... Beth Steel .... Gen Electric. .. N Y Central ... 19% Gen Motors ... 49% Glenn Martin .. 395% Colum Gas 8% Eng Pub Serv.. 103% U 8S Rubber ... 48% Eepublic Steel. 22 Am Rad J 58.. 16% Kennecott ..... 373% Anaconda 30%

Stock<%s:les shares, the heaviest two-hour turnover since Dec. 31 when 850,000

+ &

{+++++ o = fb

tHE

eooce

with 410,000 shares last Saturday. Curb stock sales were 162,000 shares 95,000 shares a week

v,|ago, the best activity since Oct. 15

1 Hollander

7 Je Houston Oil ...

Sho ub wn

Thee

oa oA @ @

a oN»

Ta AS BOGS Rem.

»™

No. 2}

Your Federal

Depreciation Rate of

» Depreciation

n 8

“Feb. 28, 1913. 1, 1913, the hasis is the co

Income

Building Depends on Number of Years It Is Habitable.

» #

Allowances

. The amount to be recovered by depreciation is the | cost” of the property, if acquired by purch: ise after If acquired by purchase prior to March

st of the ‘property, less de-

preciation sustained prior to March 1, 1913, or the fair

| 1938

72 |C M St P&P 58 '15. 10% + % Third Ave Adj 5s '60 13

a Brklyn M T 44s ’66 Ts + %

a | Port Gen El 414s ’60 731% — 3% 21Col G & E 8s 61..

4 3s 1940-44

7 | Abitibl 5s 5 | 0) trans Ad

: for this division.

Net Low Close Change + %

i++ rN

. 3 Green H 1 cp’ «19 Greyhd 5% pf.. H%

. . .

ne = 8

Hall Print arb Walk v ayes vue Hooker Prod eos

EEE

"pe

Holland Furn o Holland F pf.. & 8.

Has

Holly Sug Homestake

Houd-Her

-e

Sod

SH)

Vs ee pound ek »

M&S. Hud & “Man pt 35%

NL. Y. Bonds

BOND PRICE INDEXES 20 2 2 © 60 + Inds. Rails Utils Bonds 86.5 59.7 101.0 824 86.4 59.2 101.0 82.2 Week ago .... 86.5 101.2 82.3 Month ago .... 85.8 99.4 81.1 Year ago . 81.5 93.3 80.2 Two years ago. 94.83 104.8 99.6 high ..... 36.7 101.2 82.7 low 85.6 89.1 80.6 1938 high ..... 87.8 99.7 83.0 1938 low .. 74.9 81.8 90.7 1937 high 95.0 106.0 100.7 1987 low’ ...... 80.1 92.3 81.1 1936 high .... 948 1004 106.2 100.2 1986 low ...... 90.0 84.7 103.5 93.3 (Copyright, 1039, Standard Statistics Co.)

10 MOST ACTIVE BONDS ~ Net Mo. Close Chge. Ago Balt Ohin 412s 60 137% + 3% 11% 8% + ¥%. 9 Com Edis 3%s ’58. .111% 4 12 10813 Postal T & C fs 33 4 — 15 133% Warner Ero. 6s ’39.. A

5 HEF HEE FEE

Today ssisecne Yesterday «...

1939

seevss

101.2 69.3

Year Ago 26% 12%

2% 2 66% .-101 eevee 953%

Sales in all bonds totaled $4,600,000, the highest for a short session since Dec. 24, compared with $3,-

So Pac 4%s ‘69 ww 5212 + 58

Ye '1750,000 last Saturday.

U. S. GOVERNMENT BONDS Treasury Bonds High Low 333s 1943-41 Mar .es+110.2 110

3s 1947-42 101, 1a, 1073s 10% 3

Home Owners LoanyBonds 2%s 1949-39

102.16 102.16 j, | 3748 1944-42 104.1 DOMESTIC BONDS High Low. Close

nN = o

5 dons “9

009053 oy 2a ©

0d 0d 0d G9 ba kd > ona

Freee wnin000 wn Ba Le <

\. 54 eee. .107% iiiii102% 2.102

ow ® = Bs

Ss 48 ... su’ Us 60 .

Sd fond ft ok fd fe Joh pk os Prods

7 577 8

4 104 2% 102% TVs 107%

I 5% = -3

Ss 4 ion 415 56 . Int Mer Mar 6s 41, Int Paper. ref 6s 55 Int T & T 5s 5 ies Int T & T 4%2s8 52

Ao % 108%

C Cent 4%s 2013 .. 57 Ny Cen Ey 2013 3 “ay Be

Soc iw 1 Stan oil N 3 3s 61 i ioeae Stud 6s 45 sees 81 Texas corp 314s 51 ....108% Uni fled Cig Wh 2h 52 os 1

ssssee

pare FPSsRS

; Int approximated 780,000 Jus

shares were traded and compared |I®

N 104.18 + 104.18 N

Owens Ill Gl.. 4

. See R 20S od >

4 | Pure Si 5. | Purity 2

a Safew

Savage Arm 5% Sahonley Dist « 16%

Argent 418 71 Argent 4s 2 Fi

Warner Bro 6s 39 FOREIGN BONDS

vee

a 43% . 98%

High

eh 2 . 86%

sesso 167

Low.

Clos 86% i

"FINAL NEW. YORK ( STOCK. OUOT:

By United Press

TIO VS

Net Close Change Wa + Ys 1%

4 esee

High Low Ya TY 1% 1% of

Ill Central .... 17% fone IT

La Rayon 27% Ingersoll Rand’ 100%

plang a es . : ia Inter R T Interchem .. oo Interchem pf .. 92% Intercon Rub .. 2 Interlake Ir .. Int Business M. 184% Harvester . 60% Hyd El A.. 17

Hudson Motor . Hupp Motor ...

* FN ER

. .

J pt =

[440 A+ LH + ++ Frex

r Coal 20% ni Cc Soar pf 1232

Jewel Tea Johns Man ve Ya Johns & L 7 of 53

Kan C Sou ....

sess

va AES Ke sey-Hayes A 11% 11% Kelsey-Hayes B 7% Kennecott 37%

DH HH HE

. .

Eres

. - . .

| ~® Fa

a Ne

Saar Sy a

5% nanan

HEE HHH HEE HE

ss < oh Ct C3 Gari i 1 1 00 EG £0 +++] [= NES

oa CD CN CI pt bt GOED OO CO =

ede C00 1 1 fed 1 OO oe oe oe ts ee

FERS FERRERS

FA CIIN CI

8 HESS RERERTSRRSESASR

Cs 40 isn Enda it bbb DEER RRR HH] ERE EL

WOW UUIOONINO

WRF FES FE

RERIEER SS aR

. . oe . . Pett DO pt COD CIA BCI DO a CDI = Qed OND=INWO DOIN DOO WWD

«. we

“3 aa

NC&SL Nash-Kelv Nat Acme . Nat Aviation...

tess .

Dairy Nat Dairy pf B 13 Nat opt St... 13% Nat Dep St pf.. 6% Nat Distillers Ya Nat Jypsum .e Nat Lead

Nat Gypsum: . Newport nd 3 NY.

x v. peal YC Loe Vs N YC & St Li of 34;

NYC Omnibus. 72% N Y NSH pf.

—-

19% 3312 s 42% 32

pe -» J iB ht OND ft hk nN © wo

13 182% 25%

SHULL HD HE

te Sit ey 1 i o pi Sn

pac Am Fish... 6 Pac Coast pac. Coast 1 pf. . 15 Pac Goast > of 53 Pac G & E 32% Pacific Tig . 47% pacific Mills .. 1112 Pac T & T.....1 Packard Ya Dan am firvays 14% Panhan Panpandl ‘co’ oe Paramt Pict... 2 Para Pict 1 of. . 95 Para Pic 2 pf.. 11% Park Utah ... Parke Davis ... 42%; . 2% Pathe . Patino “ines . penn. RR + es 21% Peoples Gas . i S$

parmene ve 93 . 11% Penney

hillivs I. er hillips Pet ... 39% ia Oo

erce Op DM a

5 pt.. 22 55 wa. 13%

rymouth "Oli S214 Pond Crk Poca Ba

oor Dor Stl Car . ress Stl 1:p drocter & Proct & G pf Public Serv ... Pullman oo... oy . 35%

bhi 3: bk: Es :

(PRE LL Noa

HEE

Pure O 5 Ba

\ 8 . Falaes Fas mes

9 Srell 29%

ow +1 HHH HH

1 a 1550 37 ja; way of Jafeway 7 pf..110% t Jos Lea

Fr SC

Schulte R

SHEET Feb +

4 Week Ago ‘sesessesecssgessss

sd @

% Union Carb

daddqdadaaqaaaaaaad

ddl lldllAl ll

SSSSSS

W w

DOW-JONES STOCK AVERAGES 80 INDUSTRIALS TOARY ..ccoccsreessescsses,. 146.82 +1.38 Yesterday cccceccccccccccons 145.44 - 42.51 Week Ago ®c0800000080000000 1477.51 +0.58] . Month Ago ebsebs000seserses 188% —0.11 Year AZO cecccccesscccicses, 131.26 —0.32 High 1939 ......154.85; Low........186.42 High 1938 ......15841; Low........ 98.95 : 20 RAILROADS

80.90 41.07 80.55 -L0.24

Yesterday occcccacccccccsos Week ARO ..co0 Month AgO .cses. Year AO cccoccoscnicescnas High 1939 ...... 34.33; Low .... High 1938 ...... 15 UTILITIES

caesget

deossoscce

Tevnsnesns

‘30.29 ~—0.21 sees 27.08

25.60 +-0.13 25.45 40.09 25.43 40.36 22.99 0.04

Today Yesterday

ts eanttons oe

Month ARO ccccecccsccccvss Year ARO cccec.eerciscseccs 2018 —0.02

High 1939 cccoe. 25.52; LOW ...00000 22.30 High 1938 ...... 25.19; Low ........ 15.14

High Sharon , H of 62 Shar Ip & ve. 6% Shattuck seve 1156 Shell Un Oil .. 13 Shell Un pf ..106% Silver-,

Net: Close Change 62 1 6 Ya 11 Ya

+ Y Ya

l+++++ Rg SLES me weep

ke! Sloss. shetfieid 101 Smith A

15% Snider Pkg 15% Socony.Vacuim’ a m Gold . oF

1 7% 5 17% 20 .. 28% i a 3% . 14 1d 5% he «23 Ya

I+

- s

Sperry-Cork ‘ Spicer Mfg ... Spiegel Inc Spiel Inc of.. . Squarestd Brands . Std GEE" pf. 109%

St Std G& Sid GoE “of. . if

- Na

ae .

bbb PE de EEE HEH eet SER the wy ARO MERTON 2

» +1 1+

Sd oe

Naan

03 x] Neat

\ .

POO

#0 pelt i]

HE, Os A) RY in 0 Wit BI bb Be

Und Ell Fish ve Union B&P ...

Oil Cal .... Pacific .....

08a, ng & Fdy United" Fruit. . Un Gas Im

agi

nn un “un a

0, nnn 1}

oo 27 . 41 . 23%

Vanadium a 26% Vick Che

Victor Chem": oe

Chem 25% Vva-Car 6 pf.... 27 267% VaEl& P 6 #4 117 y

—Wear Wabash pf A.. 3% / Walgreen pf ww 89 er (H 47% 1%

West Ale es Nest Pac West Union ... West Air ke yl

esuvin

fsg4 a bo

rorth pr pf right Aero ...114 a 18%2

18% 110

48% 27%

Yellow Ir . s JOY of 3 Youn ERE 481% Young Sti Dr . 21% = 21%

Zenith Rad .... 19 18% 19

————————————— | U. S. STATEMENT WASHINGTON, 5 Toh, 2% Sr or Cone EY arses Jie ough Fob, 23, ? oom: pared with a Year

Thi 1 5.781, 106 363. an 84, TY to oar 84 RE RE Gross, re 2.140. .845,812.39 : : W Pu

3,399.847,220.37 Vork. ba. 33. gt b. debt. .39. :846.300.710.63 1628.,349, Gold res... 14, 846.357. 188: 32 5 784,387, Customs .. 205,516.853.86

INDIANAPOLIS CLEARING HOUSE

Slearings .. ees ele seme dsinn sue ess $ 2,813,000

bits cssssessoceiee 34.000 Clearing for’ Week, vere AT EIT Debit for week ... ves 34,368,000 +

TUNE IN TONIGHT!

28.49 —0.07|

83.98; Low ........ 19.00}

0.66 1 259,103, 205.64

WHEAT PR

UP FRACTIONS:

Improved Tone in Stocks Aids Rise; :Outside Markets Off.

CHICAGO, Feb. 25 (U. P).~— Wheat prices worked fractionally higher in slow trading on the Chicago Board of Trade today, aided by an improved tone in. securities. : At the: close wheat was up % to|C 1, cent, May 68%, corn was unchanged to up % cent, May 49%, land oats were unchanged, to % cent ‘higher, May 29. Opening quotations in wheat were about steady. A lower Liverpool market and precipitation. in the Southwest - winter wheat belt restricted buying, but scattered demand developed on the encouraging action of the stock market and other commodity markets. General interest in the market continued small, and price movements were limited to a narrow range. Liverpool wheat closed unc! to 3 cent lower, after early néss. Pressure on July wheat was reported due to the foc! Argentine wheat is now on with that position. Winnipeo’ showed a firm tone. Export interest in North Ar wheat was reported to be f The weather map. shows: snows in the Southwest, parti Kansas. Further precipitati forecast for the winter wheat belt. Corn prices failed to reflc:t the firmness in wheat, but held fairly steady in a light trade.

‘CHICAGO GRAIN as . igh Low Sose

i i $ 8 5 ge

March essecce os SN 0%

aa ryar - ds% Sent. 268%

anged firmbroad » that parity wheat

‘rican t

good ularly n was

Wheat— March ...ooee 85 an . seve casas a sess ssboeny Sept tseesne

51%, Oats—

ses ,000000 .29 2

ssesvssse

sesesen sen.

May July sesessass Sept

CASH appeal No sales. = Corn— No, 3 mixed, Ne X 46¢: No. 2 yellow, No. 3 yellow, Al @4sYc; one: 4 yel-

Be 461s @47%¢ 9 45%c. No, 1 I mixed, 53 Si mole, Hexioe 4c.

S— white, No. 2 3 white. 30@31%c: Rye—No sales. Saybeans—No sales. Barec: mple, .__Timothyse6d—$3. 85@ 318} ori top. [email protected]: red clover, $1301 ) Cash provisions—Lard, $6.70 nominal: oon se. $6.70 nominal: loose. $6.25 nominal: leaf, $6.25 nominal: bellies, $10 nominal.

LOCAL GRAIN

» CASH Wheat S —stlaay. Teenie 3 carloads; No. red, 6712@68%c; No. 2 66% @67Y2C; 1' hard, 67%2@68%c¢; No. % hard, 662@ se.

Corn—sSteady; 2 yellow, 129 13¢ 4 yellow,

3%es

Jel 72 carloads; No. yellow, 40%243¢; No. @ lois: white . corn, 2%2@3c

yellow. s—Easy; receipts, 19. carloads; No. sie. 28Y%3@29%¢c; No. 3 white, 2%%6

" WAGON WHEAT y 39 grain gl elevators are paying for No.

4c; other grades on their merits. dai corn, new No. 2 vellow, 43c. - Oats,

Cu 0s S tocks

Net Dlose Chase

ero Sup A 118%

ore. DYa lum Co on Am Airlines. . 23 Am Super ..... Ark N Gas A... 2% At as, Corp wits. 15-16 Bell Air 32% ell Air 3raz TL & P Carrier Cor

Cent St_El Claude Neon

2 2 +1 +1-16

RIRRFSS

COO DITIDIO I's N

ak o

Wright Harg..

TRADING SLOW =

%|and Venusberg Music, “Tannhaeus-

over on mixed corn, Y%@3%c under.

® TT = —]

"ON THE

- TONIGHT Phil Baker, WFBM. NBC Symphony, WIRE. TOMORROW Wendy Fair Salute, CBS-

1:00—Magic Key, WIRE. 2: gi York Philharmonic, WFBM. 5: 0—=Silver Theater, WFBM. 6:00—Jack Benny, WIRE. _ [Ys harlie McCarthy, WIRE. 8 Detroit Symphony, WFBM. 9:00—The Circle, WIRE.

"GOOD MUSIC"

By James Thrasher

is a particularly important Jee -end of radio music, containing as it does the end of Arturo Tosni’s season with the NBC Symon y ‘Orchestra, the opening of Ignace Jan Paderewski’s 20th rican tour, and the appearance of Dean Robert L. Sanders of the Indiana University music school as composer and guest conductor with the New York Philharmonic-Sym-phony Orchestra.

The Polish pianist, forward-look-ing for all his 78 years, will be playing his ‘first ‘broadcast in America and his second for American listeners on the “Magic Key” hour at 1 p,m. tomorrow, NBC-WIRE. This will be Mr. Paderewski’s only New York recital of the season, and will be heard by a visible audience of 1450 invited guests in Radio City’s Studio 8-H. The program will include four Chopin compositions: The A Flat: Ballade, two songs transcribed by Liszt, and the A Flat Polonaise, as well as the Melody in B Major from Mr, Paderewski’s “Chants du Voyageur.” e nearest Mr. Paderewski will come to Indianapolis in his 21-city tour will be for his recitals in Cincinnati on March 8, and Columbus, O., March 2

12:

» ® Mr. Toscanini will conduct an allWagner program for his season’s valedictory at 9 tonight, NBC-WIRE. These works are listed: Overture, “The Flying Dutchman”; Prelude to Act III, “Tannhaeuser”; Overture

er”; Prelude and Love Death; wrris. tan and Isolde”; Siegfried’s Rhine Journey, [“Goetterdaemmerung”’; Ride of the Valkyries, “Die. Walkuere.” < ‘Apropos of this program, there is a quotation from ‘Toscanini and Great Music” by Lawrence Gilman, an ardent admirer of both the composer and conductor in question.

“Whether - Wagner's music is

|closer to ‘Toscanini’s ‘heart than

any other, it is not possible to say,” Mr. Gilman writes, “but certainly he possesses a mastery of its style and a profound identification with its quality. that have long been his alone. “Toscanini’s conducting of Wagner’s music . . . has always left in the minds of the susceptible the same unshakable conviction . . that this was Wagner's music as he himself dared to dream it might soun With the (close of Mr. Toscanini’s season, NBC makes the consoling announcement that he wil return next year,

Dean Sanders’ Little Symphony in G will open the Philharmonic-Sym-phony concert at 2 p. m. tomorrow on CBS-WFBM. This will be the work’s first performance, and Mr. Sanders will conduct. it. The occasion is part of his reward as cawinner of the Philharmonic-Sym-phony Society composition. prize. Besides the first performance the concert will include the American radio debut of Eduardo del Pueyo, Spanish pianist. Both he and Mr. Sanders, incidentally, ate but 32 years. of age, John Barbirolli will take up the baton to conduct the performance of Mr. del Pueyo’s vehicle, the Schumann Concerto, and of the Brahms Fourth Symphony, which closes the program. 2 2 8 :Bugene Ormandy will be: guest conductor, and John Charles Thomas, guest soloist, when the Detroit Symphony Orchestra continues its weekly series at 8 p. m. tomorrow, CBS-WFBM. It will be the popular baritone’s second appear-

s nn 2

sed 8 OLI R980 s”

(CRS Net.) 1 ° Scholarships

station Susnses aft INDIAN YRE (NRC Net.) Roth Quartet Home Edition 8S. Kaye’s Or.

or >a DIAN

” »

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Gordon’s Op, Jr. C. of ©. °

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College, Circuit on World's [Fair

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MUTUAL INSURANCE

means sound protection...

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property

market value on March 1, 1913, whichever is greater. i

~The proper allowance for aepreciation is that amount which should be set aside for the taxable year in accordance with a reasonablly consistent plan (not necessarily a uniform rate) whereby the aggregate amount so set aside, plus the salvage value, will at the end of the useful life of the property equal the cost or other basis of the property. The depreciation rate of a building is not based upon the number of years it will stand before being condemned and razed, but on the number of years it will remain habitable or serviceable for the purpose for Rien constructed. : Ho 8 8 =» 2 8 ¥' | : If the taxpayer builds a new building, the period over which depreciation may be claimed begins at the time the building is completed anda capable of being used. Buildings under construction are not subject to a depreciation allowance. If it is clearly shown that, because of economic or other conditions, property must be abandoned at a date ‘prior: to the end of its- normal useful life, so that depreciation ‘deductions : alone are insufficient to return the cost or other bésis, a reasonable deduction ‘for obsolescence may be allowed ‘in- addition to deprecia- _ tion. No deduction for obsolescence is permitted because, in the opinion of ; apk taxpayer, the property: may become obsolete a 4 some fut :

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Home Office: Indianapolis

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30% 06% 2% S5 BLL LL PIE Se

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