Indianapolis Times, Indianapolis, Marion County, 6 January 1940 — Page 11

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“8A TURDAY, JAN. 5 1940

John T, Flynn |

NEW YORK, Jan. 6—People who occasionally buy ' stocks or bonds have heard about the practice of “pegging” prices of those securities on the stock market. When an investment house is trying to dispose of a lot of stocks or bonds it goes into the stock exchange and “pegs” the price of the security in order to show the prospective buyer just what a good stock it is. Frequently, when all the shares have been sold and the distributor “pulls the plug,” down goes the price and the buyers hold the bag.

This was a favorite device in the grand old days of the twenties, and there is simply no estimating in billions what the losses were to innocent investors as a result. For that rcason the Stock Exchange Act, when passed; provided that the SEC could make rules about this—even forbid it altogether. But although that Act was passed more than four years ago the Commission got around to making a rule about it only | this week.

” ” s

THE COMMISSION will permit distributors to peg prices of securities when they are making a first distribution or a secondary distribution. But they must give notice that' they are pegging prices and they can continue it only during the period of distribution. There are some other rules about it, chief of which) is that the prices of the stock or bond cannot be marked up and pegged at the markup price during the distribution. Commissioner Healy refused to concur in this rule. He announced that he would file a minority opinfon, and it is earnestly hoped that he will. | The Stock Exchange is .supposed to be an open market. To the extent that it is a controlled or “pegged” or juggled market it is not la free market. It is supposed | to reflect precisely the price at which a security holder can dispose of his stock in a free market.

Now when a banker offers stock|’

for sale, at what price should it be sold? At the price he demands, of course, provided people will pay it. But if they will not pay that price, then he can keep his shares or sell for less. How does the prospective buyer know what the value is? For one thing he looks at the market for the day. He sees the price is $102. He concludes that this is[2 an index of its value.

” # #

BUT SUPPOSE he knew that no one had offered more than $80 or $90 or $95 for it and that the $102 price was paid by the banker himself—that he was buying in the stocks -he was offering in order to create the impression of a price.

That would make a difference in|¥

his estimate.

Yet the SEC has adopted a rule 13 which will permit bankers to peg Ma

the prices of securities when they are offering them to the public. Far ore, it will permit them to peg thes @& secondary distribution.

1 -It| took the SEC four and one- 3 half years to get around to this

legalization of what is euphemistically called stabilization. No wonder (Commissioner Healy dissented. Chairman Frank stated in a debate some, weeks ago that since he had

been chairman of the SEC not one|y,

rule had been promulgated respecting stock trading. This is a strange beginning.

Chicago Stocks

High Low Close 192 57%

\llied Lab Inc . . 15%

Armour & Co ..

\yia st

br Bros etescsnsses o Cor . with JEdison” dahy

sssvans sessne .

“sessssessse sesssnee estes ase

Nat [Pres COoK ceeesees

‘Noblitt Sparks «.......

Ns mer CBr .ecessse

Ut pr Fen ...... 632 RR

Pen aie Rath Packing . Serrick corp P

C . S Steel crmvens Utah Radio Prod veins Ind wae

Woodal ‘s LOCAL ISSUES

The following gJiotations by the Indianapolis Bond Corp. do not represent actual ris offerings, but merely indicate the approximate market level based on Ruying and selling By of recent tra Stoc! Bid As

sata 7612 14 53Y2 Gen is

Serv d Hydro Elec T% td. “ents 180 pls Qas com

eife Ins’ Corp... : N Ind Pub Serv 312% pid .. Pub Serv of Ind 6% pid. .

N N Pub Serv of Ind 6% pid... 109s Progress Laundry 12 Pub e

™ C of Ind 6% fd.... 48 - 7 4h 90% 5 pid. 100

Van Camp Mi Van | ‘Camp Milk

American Loan 5s 61 Americ Citize Cra

cesseee 11 esseess 98

com. .

fool 3 Tel Co 4'2% 6

Ss Railway Inc 5% 61. enn %

tat aT A state + Water Works or 48 3 0

Bend Wat Wks yg aye Wat Wks 6% 4 erm Corp 5% 57

U. S. STATEMENT

me WASHINGTON, Thigh ent’ expenses a cal year through na a year ago:

Expenses. $4. 384.248 200 .09

Gross Det. 2091.20

.64 2,091,204,352.45 3 .708,334,969.59 Net - Det, i 2,071,525,152 18,869.5! Cash 21456,972,

eipis for the curan. 4, compared

Last Yea $4,686,827, 413. 16

IANAPOLIS CLEARING HOUSE arr es 40000 { 0.841.000 ‘Week—

prices when they are making 2

: gross:

6 (U. P.).—Govern- | o>

2.978.492,502.57 | 3

STOCKS MIXED, “TRADING LIGHT | ON N. Y. BOARD ;

Utility Shares Make Gains; Investment Demand Aids Issues.

By UNITED PRESS

Stocks moved irregularly today in light trading at New York. Opening irregularly lower, list steadied and some leaders moved up to small net gains. Numerous special issues were strong and several made new highs for more than a year.

Rails came back and a gain of more

ed the average ‘slightly. were generally lower. Small gains and losses balanced: in the coppers. Leadership in volume was in a group which Wall Street -classifies as low-grade. Heaviest turnover again was in Loft which equaled its high for the year. Next came Brooklyn-Manhattan Transit

high. Investment demand helped some preferred stocks. ing was confined to a few selected issues.

Wheat and corn’ Jost fractionally, while cotton fuures were narrowly mixed.

WHEAT PRICES DIP

CHICAGO, Jan. 6 (U. P.).—More snow in the winter wheat belt caused small losses in wheat prices on the Chicago Board of: Trade today. Wheat closed 1% to % cent Jone, with the May future at $1.03% @ Corn was unchanged to off 3 2%

1, May 397%, and rye unchanged to up % cent, May 73%. Soy beans were 13% to 1% cents higher, May $1.17%.

wheat, with trading volume fairly small. On the initial dip commis-

side, and for most of thej(session

prices held about steady a lower levels.

. ANGE Wheat— High Low cones 81. 0 $1. 03% uly 1. 1.01 September’ ss. 3 01% 1.00%2 Corn. 59 587 597 .59% 60% .60Y 401s 397 35% 35Y, 33% 331 sesaveee VIS 12a FN, as il i3Ye NY 1.15% 13°

Su nei Oats— May uly i...e000 September Rye— May July .... September

oly ember .

No. 4 red, tough, i 04% on

mixed, 64'2c¢; No. xed, sg:

38%ac; No. 3 white, 43c; No. 4'W. @42%c; sample, 41%c. - ve Bariey—Tllinois malting gQuoted, Illinois feed quoted, 40@ 50 Soy Beans— No. 3 yellow, $1.16. a niciny Seed—$4.40 @4.65 Domina red clover, $12.50@15; red top. $8.50@9: aisle, $14@17 nominal; alfalfa, or [email protected]. ard, $6 nominal; leaf, $5.37 nominal.

LOCAL GRAIN

Wheat--Sicadyt | Cail eat— oat ly: oF Sein, red, 2 S1¢01.0 2 oa [email protected];, No, 1 hard, 99@$1; No. 2 rr 98@99c. Corn—Steady: receipts, 28 carloads: 2 vellow. 51%>@53%c; No. 3 yellow, 501; @ 513%c; No. 4 yellow, 45v2@50%c; corn, 5la@6lz cents over yello corn, '2@2'2 cents under yellow. Oa Sony receipts, 1 carload; 9>@41%c; No. 3 white,

Curb Stocks

High aso Sup Alum Co ..144Y, 141 : Am Cit PL A . 322 13215 Am Cyan B .... 337% 33% Am Lt & Tr ... 157s 13%

2 1274 3 5%

loose, $5.37 nominal;

none; . No.

bs — white, 39%2c¢.

+ %

Bunker HIll&S. 14 . 1413

Eom & So wis. £ it Creole ePt . it

Min casien 11% Humble Oil .... 67 Imp O oan weed 12%, Imp O C re. ‘ev 12% Insur No Am. Jones & Lau Stl 3%, C&N

k | Lehigh C

Canis Stl Chn. aie fead Johns ...1631% west 0il 7s

Contr .... 111 PEL pf.... B.

Pitts Plate Sunray Oil . Technicolor

Wright Harg .. 6%

LOCAL PRODUCE

Heavy breed hens, 5 lbs. and over, llc; under 5 lbs.. 9

12¢; under 4 lbs.- 9c; lbs. and. »ver, Wet heavy breed stags, 7 14 horn broilers, 2 ios, S.

Soger s., 9C; Leghorn stags, 6c: and over, 15c; and over 15¢; each full case must a net deduction of a Be full case under 55 pounds will

co ratter—No. 1, 30! Va@31c: No. 2, 29%ec. i. ‘27¢; No. 26c¢.

Butterfat—No.

Prices Quoted by Wadley Co.).

JTHER LIVESTOCK

AYNE, Ind. Jan. 6 (U. P.).

0-200 lbs.

LAFA YEPTE, nm id market, steady;

50 7 8s $5. Dos. 0; 5.30: $5.50 down; roughs, $4. 8 down calves, Pigs. 50@12; lambs, $8.25@8.

FOOD PRICES

CHIC Jan. igan Machintonh, Sas ii is

alifornia 502.40. Onion Onrket (50-1,

yellows, 67%c; whites,

the [A

Utilities were the best performers. | 4

than $1 in Norfolk & Western lift-|4 Steels 3

common which also made a new |A Speculative buy- Ass

Bonds made an irregular decline, |All

ON SNOW REPORTS:

May 59%, oats unchanged to off B

Price movements were limited in|BEivh § Sab .. 25

sion houses came in on the buying 2

lightly 3

Cash provisoins—

: ons © Ci No. |C mixed

Mo 2%

Net Low ‘Close Change g Fan + 1

Dresser Mfg * Du

c: Leghorn hens, 7c: Barred and White Rock roasters. 4 lbs. and over, colored roasters. 4 !Gen

13c No. 1 strictly fron countey Jur h gS, weig!

for

—Hogs 1bs.. $5.60;

s—Michpi 3 Sess

Colo$1.10,

~ FINAL NEW YORK S1 OCKS

By UNITED PRESS

"PAGE 11

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Atl G Atl G &. Ll I of 1 Refinin

Atlas Coro. ‘ees Auburn Auto .. Aust Nich A Aviation Corp. .

3ald 25% oh. 3alt hie I % arber Asphelt. 3arker Bros .. 3arker Br pf.. arnsdall

Be Beih

Bigelow San -. Black &

Boeing Air ees Bon Ami A..

Bruns Balke .. Bucyrus Erie .. Budd Mfg .....

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Butler Bros Fa Butler Bros Bf Byer ot M

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Cal Packing ... Callahan ne..

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30s BIiS 10 Is hii 221% SS aughlin eel 801% Beth Steel 5 pf. 18% Reth Steel 7 pi.115

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31 Burlington M .. .| Burroughs

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15%.

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6 17% 5% 0 39 3

1 cv. 118%,

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13% 23% 80 1461, 16 182

16 121833 123% 123%

29%, 165% 30%

38%

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Mirestone pf A105

‘45 20% 2%,

4%, 33%

38%, 16%;

RL 14% 7

7 1%

Cale Cenale 11% Ciga Cigar ‘of. A

40%,

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| CAPITAL AND su

- | session a week ago.

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G3 PENTA

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4! Nat Acme

s | Reo Mo! Republi Yi Revn Mi

15 MOST ACTIVE: STOCKS Sales et % (in 100s) High Tow Close Change Loft .........1 2% 21% 22% +1 Bkiyn M Trans 99 15% 141% 15% Com Edison.. 70 32 317 32 Union B & P. 63 145; 1456 U S Steel.... 58 652 65% Am Hawalian 46 33% 3234 Gen Motors .. 43 541% 541% Gen Elec .... 42 40% | 40% Radjo Corp .. 41 5% 5% ElLP & L 7 ot 41 35% 85 U S Rubber.. 38 383 38% Reynolds Met. 36 121% 12% Cons Edison.. 34 317% 313 Curtiss W .... 32 104 1015 Std Brands... 32 612 6%

Sales approximated 340,000 shares against 660,000 shares in the short

were 62,000 against 159,000 last Saturday.

High Low

‘es . 33% 33% 3 18

Hall Print ..... Hanna 5 of . Hayes Bdy Hazel At Gl.. Hecker Prod ... erc

Hupp Motor ...

+ +l]

1111 Central. ....

. " .

[n n Rub .. terlake Ir .. nt Agric .e t Harvester Hyd

1+ 4]

T&T a oe t DS on

ts tst D S pf...

n n n in n n n n n n n [n n n

Jewel Tea ...... 90 90 Johns Man .... 74} 74 Kelsey Hayes B Kennecott Keystone Stl . Kimberly Clk .. 1 Kinne .

7 3M, 13% 7

2Ys 26

Kresge Ss = 2 «2 Kre. 1

Kroser G&B . ave

Laclede Gof .. Lee Rub .

Lorillard pf ... 156 ot kheed Rircrtt 30%

veeee 217% 29% 3

2 32 an Ry gtd an R mod gtd Tos an hist 6 arin

Mack Ir : Macw R H

cose

[an ots.... 133 artin Gl .... artin Parry.. athieson of. +18

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vDS ves. 53) aytey 1 pf....10 cCall Corp ... 1 CCrory . ..... 3 cGraw El .... 24 cLeflan 5 save 1

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Nat Aviation .. Nat Biscuit .. Nat Cash Reg. Cyl Gas ..

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Norwalk T

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Omnibus Otis Elev i Otis Steel 1% 11 Owens Ill Glass. $495 6412 Pee Pac Am Fish.. 3% 5% Pac Coast 6% 6%, Pac G & EL... 33% 33% Pacific Lt 50 Pac Tin Cor Va Va Packard 3Y2 33% P yo Airways. 19% 19 Paraffine Co .. 42 42 Paramt Pict Para Pic 2 Park Utah ... Parke Davis ... Pathe Film ... Patino Mines.. Pen & Ford.. Penn Coal & O Penn D Cem .. Penn RR .... Peoria & East..

ure . 9% pure Si 5 pf... "8%, re Oil 6 pf... 88.4 urity Bak .... 14%

Reyn T Richfle | Roan A

127, 23%

Ya 16%

PROPERTY MANAGEMENT A COMPLETE PERSONNEL

Our Service Is poi Knowing About

. THE UNION T

RUST GOMPANY

US, $3,000,000.00

. Curb stock sales|s

Net | T Close Change | TI .

Va Car ive s| Va EI&P ? §or als

Wright hy sy . 8

Bip SHOPPING | CENTER ANNOUNCED

+| completed about April 1,

.| Tucker Co., owners and builders, 2|house four stores, three of which

2 will face Forest Manor Ave.

*inave a 60-foot frontage on ' 34th

.|Jansen Buys s Building ?

: Net | High Low C€lose Change

22 i 1312 ha v

144 ak +1 15

tt ill

. . .

. 31 Syming Gouid..

Telauto ore” oe

1ermoid

Third Av Ry | Thompson Pr ..

Transamerica . Trans West Air. Tri Cont. 2 1]

win Coach ...

Und Ell Fish. P

Un Tank 23 Un Aircraft Op. Un Air Lines.. 7 United Corp ... United Drug » coe Un El Coal .

qddddada

teel gary Steel pf. do

Un Stk Yd .... “21%

Vadsco Sales -e Vanadiu . Van Raalte has 31% Van Raalie pf..1151% Vick . 45% Vicks Shedpac, . 563 Vicshr Cert cee 30 29%,

Walgreen . i vr 2134 21%

Ward Bak Ward Bak B.. Warner Bros

LL abit 6 pf. 107% Moin” 8

Westing El . v-:1f Westvaco . Wheel Steel ... 3 Va P&P ...1

pf Wooaward jron 243 Woolworth .. 40 a. By qin 1m —Y 18 1 on Young Shee § 9 Young Stl Dr.. 27

18% 451; 26%

+ 1

ess

Zonite ...... oes 2 a

2Y —

A $16,000 shopping center on the southeast corner of E. 34th St. and Forest Manor Ave., is expected to be

FC Tucker announced today. Mr, Tucker, head of the F. C. said the one-story structure will will front on 34th St. The other The

building will - be constructed of cement block and face brick and will

St. and a 72-foot frontage on Forest Manor Ave.

A three-story building at 19-25} N. Alabama St., has been purchased by Charles H. Jansen, owner and operator of the Jansen-Overman Co., poultry supplies and accessories dealers. The amount involved in the transaction was not announced. Norris P. Shelby, Indianapolis realtor, represented the Monarch Fire Insurance Co. of Cleveland, O., from whom Mr. Jansen purchased

yi I n. Aa-

2 11100-1300 300-1500.

ICES STEADY IN HOG SALES AT STOCKYARDS

Receipts Light in Trade at Week’s End Here; Top Is $6.10.

Hog prices held steady at the Union Stockyards here today, according to the Agricultural Marketing Service, Prices held even with yesterday’s which dropped 5 to 15 cents on weights between 160 and 260 pounds. Top price remained at $6.15 quoted on the 160 to 180-pound division. An estimated salable 150 cattle

, | were, received, 50 calves and 1500

hogs.

Top Repts. Jan, 8 6.25 1200 Top Repts. 2.4. 6H 16,500] 8... 61 5435] Barrows ana Gilts Good ‘and

Top ' Repts. 4 ....3 625 5.... 6.10 6 .... 6.10

9332 10,500

acking Sows Sood Aa Scie Chole fmm i 270- 300 3 ‘lao $ in y 300- 330 . 75=« 160 .40- 6.10 330- 360... pin 'Good — 0, 360- 400 400- 450 .

450- 500 . |Medium— .40| 250-

Slaughter Pi 360 [Medium and Good— Medium— 90- 120 . 5.00- "5. 35 160- 200.

Slaughter Cattle

1 Steers Bu Choi I Yearlings 80 Hoo $10. 50-11.50/Good ... 1100 50-11.25|Sausage— 1300: 1300 3: 125-11.25/Good . . . . . 13001500. 10.00-10.75| Medium . 000 —~

Cutter and 750- 900. 9.75-10.50, common 900-1100. 9.25-10.50 75-10.25 175-10. 00

& Vealers (Receipts, 150) lis excluded) .$ 6.75- 7.2

6.75- 7.25 6.25- 9.00

5.25- 6.50 rs

Good and

choice.. 12.00-13.50

an 3 00-12.00 00- 8.00 Phos

Feede A Calves

100 Steers, Heiters R 50) Steers

500-7 750. 10.00-11.00 500- 700 | 9.00-10.00 Heifers Cholce— 150- 900. Good—750- 900. Medium — Com 500- 900. 7.50+ 9.00 Common— 500- p00, . | 6.00- 6.75 Medium ang.

ows ...$ 5.50- 6.25 Sod bn .$ £.50+ we a Calves Sit {steers) ediui - ood an 500 nh Ao 85-11. 00 Me diam. 500 down. 8.00- 9 Calves a?

00d — [560 do down .$8.75- 9.75 {300 down. 7.50- 8.75

Sever AND LAMBS (Recepits, 0) Lambs

canis Hs 9.35 7.75

9.00- 1 00 8.75- 9.00

8.508.00-

7.00- - 00-

9.25 8.75

8.25 7.00

9.75-10.75 9.00- 9.75

CUtthr) ¥ 4.00- 4.75

Good and choice Medium and g00d ....oc.o0000e Common :

Ewes (on shorn basis)

Good ‘and choice ens Common and medium ........

CHICAGO LIVESTOCK

4.00 3.25

importance; ndertone steady. For week—-price Cane were Small; RO ings increased; heavier butchers yirtuafly ifichan ed. from last week: weights 200 under steady to 10 ‘cents off; late

Calves—None. © For the a ‘good and choice steers and yearlings held ‘ fully steady: medium to ood steers comprising bulk of crop closed 5 to 40 cents lower: heifer prices generally steady; short-fed saggea 25 cents; OWS strong to 25 cons higher; Dull mostly steady; vealers declined, 50c t top \y aries. $11.50; best bullocks, $11, oads steers and yearlings

1000; market nominal. For ym wee ek — Rec eipts increased; fat lambs and yearlings mostly 25 to 35 ‘cents lower; sheep steady: top fed lambs, $9.60; bulk ivooled offerings, $8.75@9; yearlin ps $7.25@/8.25; best ewes, $4.75; mostly $4@ 4.50 on ne natives,

iT] WAGON WHEAT

Indianapolis rain elevators are paying for No. 2 ¢ 4 at, 98c; subject to market Changs: other grades on their merits. Cash | No. 2 yellow, shelled, 51c; N

0. 2 Rite, TR elicd. 56c; No. 2 white oats, 34c.

i500 | However, it seldom is referred to at

00| time that the Philharmonic-Sym-a phony would have played about all

oqo piayers are performing the

5 | clusion—well,

Hogs—Receipts 200; no early trading ot

" ON THE

TOMORROW

11:00—Radio City, NBC. 2:00—N. Y. Philharmonic, WFBM. 7:00—Charlie McCarthy, WIRE. 8:00—Detroit Symphony, WFBM. - 9:30—Information Please, WIRE.

"GOOD MUSIC"

By James Thrasher

Five months to the day early, Igor Stravinsky will celebrate the 100th anniversary of Peter Ilyitch Tschaikowsky’s birth tomorrow. Mr. Stravinsky will be appearing as guest conductor of the New York Philharmonic-Symphony Orchestra, and the celebration, of course, will take the form of an All-Tschaikow-sky program. Many of us probably will be wishing that the Russian composer had chosen to broadcast the all- Stravinsky program which he conducted earlier in the week. But at any rate, we may be consoled by a novelty on tomorrow’s concert. That is the Second Symphony h C Minor, sometimes referred to the “Little Russian” Symphony, ia cause of its nationalistic . content.

all, books.

except in the music history . One would think by this

the 19th Century symphonies extant. But it appears that the New

Tschaikowsky Second for the first time this week. Tomorrow’s soloist will be Erica Morini, the Viennese violinist, who will do the Tschaikowsky Concerto for that instrument. And in conone publicity announcement says it will be the “Nutcracker’ Suite, while the other mentions nothing after the concerto. So we’ll just have to wait and see.

o # 2

Bernardino Molinari now takes his stand as the NBC Symphony Orchestra’s guest conductor for the coming five weeks, beginning tonight (9 o'clock, NBC-Blue). Mr. Molinari, as all good concertgoers should know, has been for 28 years. conductor of the Augusteo Concerts in Rome. The fact that

.|ing cryptic about “New World” Symphony); Richard

RADIO

also is proved by the fact that his most recent trip to New York was his® 35th Atlantic crossing. This evening’s concert "includes the Symphony No. § in E Minor (there’s really no point in beit—it’s the

Strauss’ tone poem, “Death and Transfiguration,” and the Overture to Rossini’s opera, “Semiramide.

2 8 8

Lawrence Tibbett, who recently has ‘been actively engaged in Finnish relief work, will find time to appear as guest of the Detroit Symphony Orchestra tomorrow evening. The orchestra’s regular conductor, Franco. Ghione, again will be on the podium. This. will be Mr. Tibbett’s third appearance of the season on this auto-sponsored series. And for the occasion he and Mr. Ghione have assembled a program which, to say the least, is ultrapopular. On the vocal side, Mr. Tibbett has S| chosen the tongue-twisting Largo al Factotum from Rossini’s “Barber of Seville”; “Rolling Down to Rio,” by

‘wu

another Kipling poem, “Danny Deever,” and Vincent Youman's “Through’ the Years.”

Mr. Ghione's choice has fallen on the Dvorak “Carnival” Overture; the Brahms Hungarian Dances Nos. 5 and 6; the familiar Paderewski Minuet; Moszkowski’s ‘“Malaguena,” and the Rakoczy March of Berlioz.

! 2 2 =»

Henrietta Schumann, gifted and inveterate piano soloist on the Radio City Music Hall hour, will be replaced tomorrow for the moment at least by a pianist of masculine persuasion, Andor Foldes. For. this debut on this program, Mr| Foldes will play the secund and third movements of the Fourth Concerto by Beethoven. tenor, also will appear with Erno Rapee and the orchestra.

* x = The chamber music broadcasts are thinning out. But there's still the

Perole String Quartet series, continning on MBS Spations at 11 a. m.

he is well-known in this country { 2 8 8

(The Indianapolis Times Is not resp INDIANAPOLIS WEFBM 1230 (CBS Net.) Concert ”» ” Duchin’s Or. ”» ”

Scholarship

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Arch Obeler Milton Berle

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{NBC-MBS)

tomorrow.

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nouncements caused bv station changes after press time.) INDIANAPOL WIRE 1400

18 CHICAGO

WLS WENR 870 (NBC Net.)

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CINCINNATI WLW 700 (NBC-MBS) Overs , Truly American

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Barn Dance Jamboree

Youth vs. Age Milton Berle

German; the’ Damrosch setting of,

Jan Peerce, _

Hit Parade ” ” ”» Serenade

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Peter Grant Castle Farm Or, Orrin Tucker

Varieties ”» ”

Snider's Or. . Schnickelfrits B. Moon River

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Lorch’s Or, Vincent , Lopez

Walsh Or. ” ”

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Fitzpatrick’s or.

Brigode’s Or. James’ Or. , "o ” "”

Jimmy Dorsey Henry Busse

IN DIA N Aros (CBS Nee)

Silent Tone Pictures

SUNDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MRBS)

CINCINNATI (NBC-MRBS), Church Forum

INDIANAPOLIS WIBC 1050

Gospel Hour

European News Christian Sele Wings Over Jordan Eon Tertis:

”» re

er 9% Side Church ‘Labernacle

Children's Hour . ” ” ” ”

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TONIGHT

|CAMEL CIGARETTES

PRESENT

BOB CROSBY THE. “BEST DIXIELAND BAND IN THE LAND"=WITH

MILDRED BAILEY WIRE * 9p. mG. S. T.

the building.

Cossack Choir Band Music jo M. 8; Class

Mugicale, L U. Program ”» ”

Stardust, y Crystal Hour

” CE ”

Seryices

Maj, Bowes ; , Choir

Melo indie ® Circuit Comedy | Echoes

Poetry ews Lutheran ” ”

Democracy ” ”

News, Rhythm Glee Club

Concert Philharmanie Divorce ” ”» ” ”»

” ”»

Statement

CASH— On Hand and in Bank ......

Indianapolis ... ~ Government Bonds ......... Other Bonds and Stocks ....

LOANS— : First Mortgage Loans .......

sevecs bees

Home Purchase Agreements .

Real Estate Owned

FIXED ASSETS— Office Buildings .

TOTAL ASSETS .....ccveesn

Savings Share Accounts ..... Investment Share Accounts .

ACCOUNTS PAYABLE— | Dividends Declared—Not Yet

Accrued Excise Tax—Indiana. Loans in Process .....

serene

RESERVES— Interest Earned—Uncollected

Undivided Profits

esses

LIABILL

of Condition As of December 31st, 1939 Assors

INVESTMENTS AND SECURITIES Stock in Federal Home Loan Bank of

Loans Secured by Shares of This Asean we

REAL ESTATE OWNED OR IN JUDGMENT—

Sheriff’s Certificates and Judgments vest ssdnes PREPAID SHARE INSURANCE siofegesossnneses

Furniture, Fixtures and Office Equipment heres

LIABILITI ES

SHAREHOLDERS’ ACCOUNTS— | ensibeasvreaeas...$25,245,926.26

ADVANCES—FEDERAL HOME LOAN BANK— Advanced from the Federal Home Loan Bank..

Taxes Accrued on Owned Real Estate .....ec0.. Accrued Gross Income Tax—Indiana . cra vs biases

Sundry Accounts Payable LI

Reserve on Real Estate Contracts ....eeeesesees Federal Insurance RESEIVe .... ch kvoerenevens Reserve for contingencies |........cceee0senreons

fesse sheressssnsesee

TOTAL CAPITAL RESERVE AND ITIES

Seessssstanss sss ntoienennsenss

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covelrderbesseneies.$ 1,383,685.12

450,000.00 646,705.00 17,601.52

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20,016,959.18 64,333.62 4,931,546.93

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3,037,625.78 585,964.89

15,383.97

sess sssnsens

157,331.66 32,670.89

sereereieenees....$31,339,808.56

2,439,800.00

s-se eben esses sess

1,750,000.00

Disbursed Sele rere 406,073.01 15,302.16

8073.00

tesslaiesssesesens

9387.83

114,630.36 116,100.30 377,829.81 600,000.00 237,310.07

sesssenecssesessen

$31,339,808.56

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Bible Class Organ Melodies

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U. S. Reports Flying X PBoys

Cadle Choir Musio Hal » ”

Reflections Charm House Rhythmakers Ranch Boys

Rhythms Ton Tunes Melodies Castletime

Review Soorts Melodies . Christine Bowden With Flowers

Man On [ce State Schools

Music College Hollywood ” (1)

Smoke Dreams Roadside, Church

Cavalcade

News Serenade

Mysteries Aldrich , Family

Fr. Coughlin

» ”

Bick of zown Dog Chat Spelling Hee

Hobby Lobby Ben, Bernie

LE TTY

Silver Theater Hollywood ” ”

Catholic ,, Hour

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War, This Week ' Sergen Guild

Jack Benny Bandwagon

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Man's Family

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Manhatan ”» ”» Album

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‘Info. Please ” ” -

News z News Ayres’ On. Red Nichols Owen’s or. Varieties

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Rithy Kelly & Marge Puts

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Life Stories

Kate Smith Girl Marries Farm Circle

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Foo Editor's Daughter Bs

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Markets, "Weather

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Steelmakers ! Spelling , Bee

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HICAGO wi 1S WENK 980 Grouch Club

(NBC Net.) , Ted, Weems Mr, D. A.

Jack Benny Mr, D. A.

Chas. McCarthy Man's Family

Reyival Hour

Walter Jitche ily

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Bob Becker Henry Busse

Petes if Orant Castle “Farm Or.

Bill Stern Minstrels Cheerio

Brigode’s, or. Kagsel’s ,or, Herman's, Or. > Martin's Or.

Unannounced ” ”» Moon Riyer Recordings J. Dorsey’s Or. ” »

James’ Or. ~ Snider's Or, » ”

MONDAY PROGRAMS

INDIANAPOLIS

INDIANAPOLIS CINCINNATI | WIBC 1050 (NBC-MBS)

Devotional Morning Frolie

Breakfast Jam ”» ”

Mornin’ Checkerboard Niue to Shine

Som | Singer Gone Belle ¥

New: Cara : Hits ot Jay Yulia Blake Unannoune News Man 1 Married r Wife Piner Bill ; Unannounced

Linda’s Love oad of Life ena and Tim Guiding Light

Hanviness O'Neills Farm Hour

De. 8h ate cme In Muse

Friendly | House

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Food Program Blues Chasers Rhythmakers * Boy & Girl Ranch Home Folly

Bill J Tomy “Sutton

Eien Randolph Editor's Daughter Lena & Tim

Betty Bob Grimm s aS ughter Valiant Ladv Church Hvmns

Mary Marlin a Per erking J epper _ Yo! Vie & Sade: 1 Club Backstare Wife ig) Stella Dallas

t, Magy Memories Miss * Julia Today's Mus Beautiful Lite

in Kitty “Keene Sweet & & Swing Mid

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Ban Haven of Rest

- Piane Moods Concer Or. oncert , Hour

—

KEY NETWORK STATIONS HRIeRE to rg MUTUAL—WOR, 110; WHK, 1390; WHEKC, 640; CKLW, 1030; WSM, 850. NBC-BLUE—-WJZ, 160; WOWO, 1160; WLS-NBC-RED-WEAF, 660; WTAM, 1070; W

WENR, 870; KWK. 1350. WWJ, 920; WMAQ, 670.3"

CBS--WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770