Indianapolis Times, Indianapolis, Marion County, 26 February 1940 — Page 13

MONDAY, FEB.

John T. Flynn

MONTGOMERY, Ala. Feb. 26.— The South is looking around for that one industry it needs so badly —and it has its eye on the pulpwood industry. Already paper is being made from Southern pipe pulp. But sthe industry is in its infancy and it has not yet got a real start in the newsprint field, biggest of all. The northern countries have been making those mountains of newsprint on which our papers and many of our magazines and books are printed. It is one of the greatest, if not the greatest industry, of Canada. Up to a comparatively few years ago it was supposed that Southern pine was not suited to paper. production, just as it was supposed that the South was not suited to cotton textile production. But the South is covered with pine —quick-growing pine—and it can quickly revive many of its denuded pine forests, the forests which the lumbermen devoured. It was inevitable that Southern laboratories would struggle with the pulpwood problem, #8 = = TODAY GREAT QUANTITIES of paper are being made in the South and now a beginning has been made in Texas at a newsprint mill. And

towns, chambers of commerce, farmers, landowners, all sorts of interests, | are. watching that experiment. If it succeeds, the South will find itself in possession of one of the great industries of the world. But already the pulpwood industry, even in its present state, has developed its problems. One of them is the exploitation of the farmer who grows trees. The other is the problem of the forests themselves, which have already taken a terrific beating at the hands of the lumber people. And so there is the problem of how to protect the raiser of trees while at the same time organizing! the industry and the flow of its raw materials in the most efficient manner, and how to protect the country ‘itself from the ruthless denudation ‘of its forest lands. 2 £8 = ALREADY THE Department of Agriculture has been considering the question of protecting the farmer. And that phase of the problem will probably not be neglected. What is more serious is the protection of the. country from the farmer and the mill owner. And there, forwardlooking men are already experimenting with the subject—and as a busimess venture—of how to solve the orderly production of trees for paper without affecting at all the country’s forest reserves. As the pine—slash pine is largely used in this industry—can be grown quickly, it is possible for a farmer to go about it in an orderly fashion, planting the trees, raising them and replanting as fast as trees are cut, _ diversifying his activities, planting for poles, for puipwood and for lumber, utilizing the land meantime for cattle and for hogs and supplying a continuous flow of wood for paper, for lumber, for poles, without in any way reducing the nation’s tree resources.

This, of course, calls for farmers 3

with organizing and management abilities and with some capital. If it works out it may go a long way toward solving at least a part of the South’s economic problem, so terribly hit by the Sarining of its cotton industry.

DAILY PRICE INDEX

NEW YORK, Feb. 26 (U. P.)— Dun & Bradstreet’s daily weighted price index cf 30 basic commodities, compiled for United Press. (1930-32 average equals 100): Saturday ......acicivusensess 119.56 Week AD ...coivninssrvavs:. 119.20 Month AS0 secssssnivsres. 119.60 Year Azo... ................. 10588 1940 High (Jan. 2)........... 123.34 1940 Low (Feb. 14)........... 11831

No. 25

Your Federal Income Tax |¢

Automobile Deductions

With the number of automobile owners registering in the millions, the question of deductions for the cost: of operatidn and maintenance of a motorcar frequently arises. The purchase price of an automobile, whether it is to be used for business or

pleasure, cannot be deducted. If used for

business, it is a capital expenditure; if used for pleasure, it is a personal expenditure— both deductions being expressly prohibited by the incometax law. Several deductions, however, + are allowable in connection with the cost of maintenance and operation of an automobile, used either for business or pleasure. If used exclusively for business, deductions may ‘be taken for the cost of gasoline, oil, repairs, garage rent and other necessary operation and upkeep expenses. Depreciatien based on the cost of the car and its estimated useful life, also is deductible. Other deductible items are as follows: Sums paid during - the taxable year for registration fees, personal property tax, and muncipal taxes; interest on money borrowed for the purchase of a motorcar, either for business or for pleasure; loss sustained by reason of damage while car is being used for business, provided such loss. is not covered by insurance or . otherwise; damages paid for injury to another, provided that the car was being used for business at the time, and the damage was not covered by insurance or otherwise; and the amount paid for insurance

26, 1940

STOCK PRICES STEADY AFTER

Steels Rally as Output Decline Slackens; Volume Light.

steadier tone in afternoon dealings today after a decline to new lows since Feb. 6. Volume was light, , Steel shares rallied, U. S. Steel

group had losses ranging to nearly a point. The American Iron & Steel Institute reported steel operating’ schedules this week at 65.9 per cent of capacity, off 1.2 points from the previous week, indicating that the decline was decelerating. Railroad issues came back to small net gains on. reports for January showing increases over a year ago in net operating income. Automobiles shares steadied. . Aviations were steady while a firm tone was noted in rubbers and coppers. Chemicals were weak with allied off nearly 2 points, Eastman at a new low for the year, and Union Carbide down a point. Sharp gains in tin prices. following a drastic reduction in export quotas featured an otherwise generally irregular tred in major commodity markets.

LIGHT HOGS DIP 15 GENTS HERE

Weights Above 220 Pounds 3: Hold Steady on Good Buying Interest.

more than isteady in th

20 pounds kept prices

cultural = Marketing Service re-

ported. Lighter weights were 5 to 15 cents lower, the full loss being on underweights from 100 to: 160 pounds. paid for 180-200 pounders. Packing sows were unchanged. Vealers lost another half dollar, the best dropping to $11.

sis Repts. | Feb. 85 3539) Pie 8755! a Tas 5.63 6983! 26 .... fi Barrows and Gilts | Good gad ST bs

Ly) Rept

er... 85 -33 800

5.7 5.60 11,560

Feb. 2]. 22 ... Packing Sows and Choice— $ 4 5 ? 5 60. 3 : 35- i 3 4.25- 4.40 3.90- 4.10 0 Slaughter Pigs

i Medium and Good— 5.45/ 90- 120. 3.00- 4.00

& Vealers (Receipts 2320)

160- 200. 4.65Slaughter Cattle

] Bulls sere | (Yearlings eserded 810. 75- Good ....$ 6.50- 7.0 0 Sausage— Good .... Medium... Cutter and

6.50- 7.00 6.00- 6.50

TY a even SOS MUTT en ooo

cron

3 833k partes tall, o> CHEE: BO O13 o °

-3 a3 8

n 7.00-10.00 5.00 6.75- 7.50]

Steers, Heifers Mixed— 500- 750 Good— 500- 750

Heifers Choice--750- 900

750-1100 Cattle, Calves (Receipts, 680)

+_| che Steers . oice— 9.75-10.75) “500- 800. 9.00- 9.75 8.25- 9.75, 31000, 8.50- 9.00

500- 800. 8.00- 9.00 ooo -1050. 17.76edium— 9.25-10. 75 20 A000. - ommon— - 8.25- 9.50 OT 00- 7.00 Calves (sisers) ood and Choi 6.00- 17. 25, 350 down Be25-11. 00 di

um Mo down 8.00- 9 Calves (heifers)

500- 900

"56 0- 7. 00! Medium 3:39: 6.50! Goo Cutter and | 1 5 0 i common 4.75- 5.75 Med Canner 4.00- 4.75! 500 nn 7.50- 8.75 | SHEEP AND LAMBS (Receipts, 1141) Lambs Good and choice Medium and good . Common

$ 9.60- 9.85 9.00- 9.50

Ewes (on shorn basis)

Good and choice 4.00- 5.00

2.75- 4.00

Hogs-~Receipts 17 000; Mdderataly active; fully steady: ToD, $5.60; bulk good and choice 180-220 i .55; 200240 1bs., $3.15@5. 50; -1b.

Biches. 2 [email protected]; 270-320 1bs., ,, good $4@ ight

400- 550-1b. packing sows, weights up to $4.50. 4 En eight 14,000; calves, 1000; fed stebrs and yearlings, weak to 25 cents lower: good and choice offerings off most: weighty steers, fullv 25 cents down; bids 50 cents off; few early sales weighty steers, 25 to 40 cents lower; killing qual. itv mostly: medium to good; strictly prime offerings absent; best long vearlings, $12. with very little above $11: mostly’ $8@ 10.25 market; best weighty steers. ro $11; medium to good 1400-1450-1b. averes, $8.50@9 50; 8470 Ibs., at $9.25; sizable supply fed steers, $8.25 downward: pi slow, steady, scarce; ‘heifers weak to 25 cents lower; choice heavy kosher heifers up to $10.50; mostly $9.25 down; cows, scarce; steady to weak; bulls 10 to 15 cents lower; heavy sausage offerings, $7.15 down: vealers, steady at $11 down. Sheep—Receint s, 13,000; market opening slow: early sales on fat lambs, barelv steady; several loads good and choice medium and handy weights; fed Western lambs, @9; still holding few closely Sorted kinds at $10; fat sheep around

OTHER LIVESTOCK

CINCILVATI, Feb. 26 (U. P.) —Hogs— SeabCE 3500; total 3950: holdovers, Jone. Failly ‘active weights, 160 lbs. and 5 0 15 cents higher; top, $5.65; 225- 950° Ds. 2. 2% poo: 140 | 1bs., [email protected]; sows, most _Gattle—Salable. 1300; total, 1350. Calves —400; light _ yearlings, heifers. cows and load around 1050-1b. d_ lots. 960-1b. yearlings. early bulk 850-1000 Ibs. medium to good grades. [email protected]; top heifers, $9.25; bulk, $3.25@9; common and medium steers, yearlings and heifers, $6.50@6; canners and cutters, $45.35: top sausage bulls, ulk, $6@7; vealers, steady; bulk good and “choice, $10. joa 1.50; top, $11.50; mediunt grades. $8.50@10. Sheep—Salable, 200. ‘Very little on sales, market nominally steady. Good and choice wooled lambs, list at [email protected], and above; common and medium rrades, $7.50 @9.25; Te ewes, $3.50

YNE, Ind, Feb. 26 (U. P.).

oughs, $4; stags,

LAFAYETTE. Ind.,, Feb. 26 (U. P.).— Hogs under 230 ibs. 2 to Io yi lower; 30 and up, 5 cents high ig 200 1bs., $5.230s. 50: 200-250 ibs. Se 25 20; 250325 $4.60@5: pigs. $4. n; roughs., $ 28 own: calves, $10@10. Sow

WHEAT | FIRM AFTER EARLIER WEAKNESS

CHICAGO, Feb. 26 (U. P).—

on the Chicago Board of Trade today, after initial drops. Other grains followed wheat. Af the end of the first hour,

(wheat was off 3% to 3 cent with

May at $1.04. Corn was unchanged to % cent lower. Oats off % cent

on motor vehicles used for business

and rye to % cent lower. Soy beans were unchanged to % cent

EARLY PLUNGE 5

registering 2 small gain. Earlier the 5

c Good demand for hogs weighing

division at.the Union |§28, Pac Stockyards here today, the Agri- Cal

The top dropped to $5.60 ghic, GU,

4.00- 4.35/C

3.65- 4.00

common _ 5.25- 6.00 4 Vealers C

( 10.00-11.00 :

CHICAGO LIVESTOCK [=

THE INDIANAPOLIS TIMES

NE Ww YORK STOCKS

By UNITED PRESS

Abbott Lab .... Acme Steel .... dams Exp .... r Reduc ..... Alaska Jun’ «we All Allegr Jud 8

Allen us Allied Chom .

{Am . Am Bank Note

Am Br Shoe pf. m Ca

APacond naconda Anch Hock Gl. Armour Ill . Arm Ill pr ot \rmsig Ck .- nold Cons ... chison .....

1'C Line .

lyas Corp . las Cor poi. .

las r ‘ubirn Auto. .. Aviat Corp

cere

p . Cerro de Pasco.. Cert-td 6 pr pf Ches & Ohio ..

se Cleve Graph Br Climax Moly Co 8 | Cluéett Peab ...

Gol Toe & Tron Col A So 1 pf . Col & So 2 pf. Col BE oadeast A Colum Gas ..

Cons Cig pr pf. Cons CO Fpermns Cons Edison Sons Edison ot Cons Film Cons Cons Container

Nn Oil

- 7.00 &

Drown Zeller .. Cork Shiv Sa St RR

8.75 gb 7.00- 8.00 | C

9.25-1.00 DL

| Seag Dist” Seg pt “ww Doehler D Cast Dome Mines ...

Douglas Aire or 8

| Dow em .... Dresser Mig’ or Du Pont Du Pont pf oe

East Air Lines - Kodak

El Paso N Joes. Eng Pu Eng P 8 3 20 of Eureka Rr

Fair, The pf.. Fair Morse .... Ferro Enamel wid Fivestops. pI A First. N Str Flintkote . Food Mch cucv.

Gair_ Robt . Gam@well Co . Gaylord Cont. .. Gen A I

Grenem Paige. . Gran any Un ‘wets. Grand Un xcts. Gt North of ... Gt West Sug .. Green H L

‘I Greyhound Cp 2 Grevhnd 52 De: 1

Guant Sug ....

: | Hecker Prod ...

Howe Sound . Hud Bay M&S. | Hudson Motor. . Hupp Motor ...

Ill Central .... Ind Rayon .... Inspiratn Cop. . Inter R T Int Harvester .. nt El A.

Wheat prices steadied somewhat | Int T&T

Allg” én Pilon Fi

o fis ss”... 314% NEW YORK, Feb. 26 (U. P)—|Am H & L.... The stock. market developed a4

18 ti G& W Int 1 Refin 2

NOY IO UINI-4 DIRIDINDD | ted LIDILI ed ©

h4 oe, LOLI RIDING DN

Cons Cigar .. ie

; — _ High - \; 69; 89% did 78g: 7 .

p¥

- Ft DI pt * SN

413 113%

STEIDIDR SE CIT Shit CORA tii bt i 01 oy Nos RATE bpd

bit COBO mi bt i NGS al ba RO

BD O-IRIRIM BE BO BIB3~3 ESRI

Siete

et JCI 0 ND CJ ht IND pi pt FREES

(oy

BD CNODSCABIE BIRR NBA) "2 “O14 0 2-1 [ot Bo

a asad Aah)

LN e »

Cao NRO ws a BLINN RI

83 3933 3815 423

17% 413

4 24% 6%

3 3 1 861% 9s 3173 108)

Bh J WOWRO-Ira DNDN ~JW0 oa " Sib aad

AY.

DUI ~~ ESC SN

8 «OO; dE

et en >

1 7 1 13;

124% 1243 aE 301%, 11469 3;

42v4 41 | 17% 0%, 104%

19 .107Y vs /2 107 7

32 14%; 121, 6% 54 Ya 1074 383s 1713 Ya 95 533% 124

FREE +1:

“ee ee “oo.

LLL 4:

o> nN

a Be

oy ame bo

03.83

EFS or

gs (0 C8

? Net Last change

on . RARE RY et

TN aa

CRC

HR BR RAR

a. om

DSTOCH

DOW-JONES STOCK AVERAGES |

30 INDUSTRIALS Saturday ...iiiciinenarani. 146.92 Week AO ......coce0000040. 148,46 Month Ago tesesisrerenaatas 146.26 Year ‘Ago ereeseies 146.62 High, 1940, 152.80; low, 144.65. High, 1939, 155.92: low, 121.44. 20 RAILROADS

sevnsseansereviesiion

—0.63 | U! -0.26 -0.25 —0.20

cesses ann

Saturday Week AZO ...ccevvssnsncsiss Month ALO .....coc000s .« 80.69 Year Ago ..i............... 31.61 High, 1940, 32.67; low, 3045. High, 1939, 35.90; low, 21.14. 15 UTILITIES \ 24.90 24.96

30.63 © 30.90

Saturday ..............00 0. Week Ago Eerie Month Ago teeediiemieengees 24.95 Year Ago crvedesr 3.00 ‘High, 1940, 26.45; low, 24.61. High, 1939, 27.10; low, 20.71.

— | + High Low Jarvis Co ..... 143% 1%

Johns-Man . ... Johns-M pf '...125

Kennecott

+ | Kroger @ &B.. 20

+ "1 8

103 3 3%

Lambert ...... 16%

Lee Rub ... ... 3% Leh V Coal. Leh Val . 3% L-O-F is sO ER & My B..106 Lily al Cup... 193%

E ‘3

re Te . re mpd re was he Fame NES

bid PLETE Le 2 4s

. . . > Ore RC

. he 50% 50%

airy... 11 Distillers .. 2434 | 243 Sybsim bt 937s | sum | Lom oP in |

. 24 3 8% Norwalk T 43; Ohio Oil 61% Oliver Farm Ea. 13%; Omnibus ve 13%)

8% 1934 133, 412

16% Stee 1017 10% Owens i Glass. 60%; 6012 sie Po Pac Am Fish .. 53% Pac Coast .... 6 Pac Coast 3 pf. 21 | jas Coast 2 pf. 11% cG & El.... 34 Pacific Lt, vo. 4TY% Pacific Mills .. 135% Pac Tin Cons.. 8% Packard 3Ys Pan = Airways 18h 16%, Pan-Am Pet 7 Pan Am Air rts 13; 1s 1 3s 15 12 Paramt Pict

5% 6 21 10% 34 47, 13% 6a

[ a ere wh US 2

L: LE

«me - od 8. > ®

aaa

Peoples Gas ... Pere Marquette. HE Pere Mat pf ... 2 ere Mat pr ‘nf 33% feiffer Brew ..

a. a

bel poliit I: FES

0YYYYY YY Zo2

BDI =

C3 CLOBD) DIBINY 3. FAG) pb

3 Zenith Red sien - 154 1

2 Asbestos Mfg ........00

High Low

sens

= Steel n Stk Yd .. 2 Univ Pict 1 pf. 89

—Y

Yaisce Sales... Ya dsco pf .... 18 bE . van Raalte ... 39% Victor Chem .. 20% Va Car-6 pf.... 28%2

—W— sae 28 .. 34

FEN SS

Come 8

| 40% cv pr 5 430 pr pf. or

Yale & T ..... 33 Yellow Tr 17% Yolow T Toei 122 a i) 10 38%

Jouns Sheet '.. 91s

10 39Y2 F "

3 % —_. %

Curb Stocks :

Net High Last Charge v +163 Va 16. 162 — 3 34% a 185

Alum Co Am

Bellanca. Air -.. Jrewster Aero.

Dtd nN NS

[ "oe

El Bd&S Faireniia a? Fansteel Met .. 1 ulf Oil

[1+]

Co ey a NINOS

Pet. 1 1 Wright Harg .. 6% ts 8

Tam S tocks

High 1a

Berghon Brew Cent & SW Ut A Cent & &W. Ut pl Bf. 113 Chgo Corp 1 Comwltn Edison . 32% Consum pf . % Cudahy pf Heileman ew or 9% Jarvis WB . 143 La Salle Exten . 3 ker O:

see

csessesees

1223, .. 15%, pl... 1%

LOCAL ISSUES

The following ig by the Indianapolis Bond & re Corp. do not represent actual ie offerings, but merely indicate the aDiroximate market level based on buying a selling Juotations of recent transactions. . Bid Ask «Agents Finance ce foe ig Ta Belt RR & Stk Yds com 53 Belt RR & Stk Yds pfd...... 55 Cent Ind Sow 3% a ie a .. 66% Hook Drugs Inc r 13% Home. T&T Ft Wayne 1% pfd. 50%a nd & Mich Elec 7% pid. weer -- 103% [nd Gen Serv pfd eves Ind Jivdro ‘Blec 7% ‘pid. Indpls G com a ndpls Pat, 8 » pid. . Indpls P&L 4 “% pid ndpls Water ped.. caine incoln Nat Lite Ins 0

t & In cv 13%

111% ‘81% 100Y2 104

113 undry 38 15% 0 of Thd 6% pid. : Pub Sere. o J Ind 77% | 8 85¢ So & Elec 4. 3% Pore. 1102 105 “Terre ie Elec pfd.. . 93 102 Union Title Co oe : ey : Van Camp Milk pid.. i Van Camp Milk com.

103 100 104 63 102 105 801

LOCAL PRODUCE

avy breed hens, under § is. 1 and lic, Tc:

Leg! 1bs. and 18c, c. No. 1 Ary fresh counfry-run e s, 15c; (each full case must weigh 55 °

Wa!

14 | gross: a net deduction of 15¢ for each fuli

Talcott J Jenn Corp

ob fn CO bb ila (O42

N (LIC ~ SURE SEF

-- et

Soa aa

Bb bt 4 ND CO =A 00 14 P

142 Ye 824% - 1% 4% a2 Ye

L009 makao3ty

case under.55 lbs. will be made). Butter: 1, .32@32%c; No. 2. 30%ac; buttertat, No. 1, 28¢; No. 3, 25c. (Prices quoted by Wadley 33

FOOD PRICES

CHICAGO. Feb. 46 (U. Vi Dl Michigan, Mackintosh, pu 1.30@1. Sweet. potatoes—Tenness pu & $a 30. Celery — ichigan San B10, Spinach—Texas, bu., 85¢ 0S or 1s. aulifl Cal ifornia, crates, $1. 0; 35." Carrots California. crates, [email protected]. ‘Onion Darke. (50-1b, sacks): Minneapolis, vellows. 82%c: Co forado Danvers (syvoiw). 82%, @85c; Colorado Colorado sweet Spanish, “82%c¢.

BUSINESS-AT A GLANCE

By UNITED PRESS

ed Feb. 17 retail advertising in newspapers of 80 major cities 17,800,990 lines vs. 16,818,826 previous week

and 17,500,374 year ago; year to date 113,986,081 lines vs. 113,664,211 year ago, up 0.3 per cent. Bellanca Aircraft Corp. and sub-

«or 368% US Rub 1 pf. 112% Ji ¥ wid

sidiary 1939 net loss $206.262 vs. net profit $172,645 in 1938.

WE CPS. 1 | WILL

BUY

FLETCHER

FROM

NATIONAL BANK CTFS.

AND 12 NEWTON TODD © 415 - Bldg. Lemcke

Oldest Loan Brokers in he State.

The CHI

LOANS =

on Everything!

Diamonds, Watches, Autos, Cameras,

JEWELRY co., ine.

AGO

% |eight years and ‘assistant to" Mr.

ig |tion is distinctly an all-employee

1 sin sales over a year ago for the same week would receive a cash |g

1 [Receipts .. 3

Last .

ash ¢ 12 bite Thelled. S70: No. 2 white oats. 360. 2

Advertising Age reports week end- :

Fig gh Smit

Richard D. Evans will be manager of the Indianapolis store of Sears, Roebuck & Co. this week while manager S. W. Shipnes attends a conference of 600 Sears re5, | bail store managers, mail order managers and other executives at Chicago.

Meanwhile the 275 employees of the store here will participate in what the company calls the “King-for-a-Week” promotion of _ sales which will end Saturday. Mr. Evans has been in retail business in Indianapolis for the past 30 years, ‘with the Sears organization

Shipnes five years. “The ‘King-for-a-Week’ celebra-

affair,” he said. “Practically everyone in the store had a hand in the planning.” Mr. Evans explained that the store which showed the largest gain

bonus in which employees will participate. The Toledo store won the award last year, he said. Mr. Shipnes will attend five days of seminar sessions in which every phase of the company’s business will be discussed and its programd for the coming year outlined.

U. S. STATEMENT

\ WASHINGTON, Feb. 26 (U, P.).—Government expenses and receipts for the current fiscal: year through eb, 23, compared with a year 2x

Last Y Expenses ..$6, 0h tes. 02. 23 $5, To 106,363.47 ja 5117 esa 3 fest 2

Gross Def.. Net Pe 5500. 613,452. 2 2,140,84 Cash Bal... 2.389, 372,540.00 3,399.84" 7 B: 450,366.40 3 Ha0.00 31.0 315 45391 68 846,300,710.6. Res. . 18,128, 990,107.62 i 846,357,165. 5 Customs .. 223,433.705.88

INDIANAPOLIS CLEARING HOUSE Clearings Debits

FOREIGN EXCHANGE

NEW YO! are noon cable rates on major Slenctes Cable Rates Net Chan

England (pound) ....$3.95 —.00% Canad (dolla YY cuesen 867%

France (franc) vereve

Finl ay .: Switzerland rane). . Ho! ofan nd (

sees Tesas cesen

see

WAGON WHEAT Indianapolis gram elevators are paying for N eat. 99¢; subject to market change: other” os on ' their [Hers

|8:30—Alec Templeton, WIRE.

205, 516,853.86 H 1

RK. Feb. 26 (U. P.).—Following| 1:

ama dt we + cin rr 4788 ce Arab i aes

| ‘King for Week’

TONIGHT

7:30—Richard Crooks, WIRE 8:00—Radio Theater, WFBM.

Dorothy = Lamour will sing two songs from her newest picture, “The Road to Singapore,” on Andre Kostelanetz’ program at 7 o’clock tonight, CBS-WFBM. She’ll. sing a duet with Tony Martin in “Too Roe mantic” and will sing “The Moon and the Willow Tree” with the chorus, Tony is going to sing “Give a Little Whistle,” from Walt Disney’s “Pinocchio” and Maestro Kostelanetz will play one of his famed arrangements. This tithe it's “The Happy Farmer Goes to Town,” taken from a Schumann piece for beginning pianists. T 2

” ” x ‘Rudy Vallee has been whiling # # 8

INDIANAPOLIS WFBM 1230 (CBS Net.) Kathleen Norris Golden Store

Hollywood ’ Scattergood

Billy & Betty H da Hopper 'V. Kaltenhorn ape News

News Lum and Bower Music Hall

1400

Girl Alone Midstream Dick ’Neills

Dessa School Sport.

ER Time ystery Treasure Hint Dick Reed

RT Sr | inn 5Ea8 | HERS

oe se os on

8635853

Tune-Up Time Minstrels

Tommy Riggs Richard J Crooks

S |=

Radio Theater ” ”

” ”» ” ”

br. Wk Q.

Guy Lombardo ” ”»

Blondie Sensations,

(NBC-MBS)

Livingston's s Or. Ba shop

Aleg Templeton

Contented Hour Swing

~ ON THE RADIO

away happy hours with his shirtsleeves rolled up learning the motion . hpicture business so that he can. be-

come a producer. But he takes an-

|other swing at the mike tonight in

“Swing High, Swing Low,” with Virginia Bruce. The presentation is by the Radio Theater, with Cecil B. DeMille directing . . . Milton Berle’s new book on humor calls Fred Allen the Teteniost a ad-lib artist of all time.” ® x = Fisoroa short-wave news broad casts: Moscow, 6, RV96—15.24 mega~ cycles and RNE—12 meg.; Rome, 6:30, 2RO—11.81 meg. and IRF—0.83 meg.; Madrid, 7:25, EAQ—9 86 meg.; Berlin, 7:45, DXB—9.61 meg. and DJC—6.02 meg.; Paris, 10:30, TPB11 ——1.81 meg. and TPA4—11.71 meg, and Moscow, 2 a. m., RV96—15.24 meg.

THIS EVENING

(The Indianapolis Times is not responsible for i i ments caused sg changes atier press a rac 8 14 program ansounce:

INDIANAPOLIS WIRE

"CINCINNATI WLW 1 . (NBC-MBS)

Kitty Keene Midstrea

Jack a

CHICAGO WLS-WENR 870 (NBC Net.)

Radio Neighbors

Anthony Frolics :

Glen Garr Irby Children’s Stories ae and Denton Bud Barton Don Winslow Tom Mix Lowell Thomas

“Securities Facts” Fred Waring Parents Make Jobs News : One, of | Finest. Four Stars i : Inside Sports

Variety Show Richard Crooks

Armstro nie ne

Sherlock Holmes True or False

Dwight H H. Green

Strong’ s Or. Conce! U oar aeunced Hollywood

Forum

Dr. L Q. Alec Templeton

Contented Hour

Sensations. Swing ” ” ”

News Stoessler’s Or. LeBaron’s Or.

Amos and: Andy ews “Larry JFotin

Peter Grant Unannounced Carl Lorch

10 0’Clock Final

Paul Sullivan Recordings

” ”

Ozzie Nels INDIANAPOLIS WFBM _ 1230

"(NBC Net.) (NBC-MBS)

TUESDAY PROGRAMS

INDIANAPOLIS WIRE 1400

Glen Miiler Chuck

Griff Williams Hert

Foster Moon River » »

CINCINNATY (NBC-MBS)

INDIANAPOLIS WIBC 1050 °

Early Dawn Patrol ” ets

Market

3” Dawn Patrol ” ” 2”

1 Bassonelozy News New

Fred Miller good Slorning

Miss Sulia

ey LE]

City Toda Air, Kitchen

oe se

Editor’ s Daughter

Devotional Tex, Millie, Dollie Musketeers Mornin’ Breakfast Jam Time to Shine ” ” News 9 Gospel Singer 3a Little White House News Carav Bright Spot Clem ps aggie Band Wagon wolon San Devotiona:

Bagh LEE3

ip 9

Kitty Kelly Myrt and Marge top

1 Stepmother

Man I Married

Ld ®ocW®e aludalel | AD

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Woman in White

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MUTUAL—WOR, 710; WHK, 1390;

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KEY NETWORK STATIONS (Subject to Change):

WHKC, 640; CKIW, 1030; WSM,850,

NBC-BLUE—WJZ, 760: WOWO. 1160; WLS-WENR, 870; KWK, 1350, NBC-RED—WEATF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABGC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

HOME OFFICE RICHMOND VIRGINIA

LIF

for the year being $27,

INSURANCE

MPANY of

T. purpose of a life insurance company is to provide security for golioys owners and their beneficiaries.

Some indication of how we have met our responsibilities may be gathered from a digest of the company’s operations in 1939.

Admitted assets were increased by $4,663, 325. 92 to $105,334,172.49. Insurance in force reached the all-time high of $528,053,461, increase

612,181.

Such figures manifest, on the part of the public, a growing friendship for the company and an increasing confidence in its management. : ‘

Certain old policy contracts were furthér liberalized. Nearly 10,000 owners of weekly premium policies who attained age 75 had their policies paid up. is was made possible by the company’s gratuitous action in setting aside a reserve fund of $300,000, thereby dispensing with payment of further premiums, and making applicable to old policies, as has frequently been done in the past, benefits beyond those promised.

Through their investment in bonds of the government, ‘municipalities, utilities, and railroads, and securities of other sound enterprises, premiums paid to the company have become actively employed in the national economy, to the benefit of citizens throughout the Union.

- In the administration of its affairs the company gives full-time employment fo over 2,000 individuals whose earnings continually flow through the channels of trade in their various communities.

Braororo H. Wares, President.

VIRGINIA

To Our Policyowners and the Public:

ESTABLISHED IN EIGHTEEN HUNDRED AND SEVENTY.ONE

Assets at December 31, 1939—$105,334,172.49 Policy Reserves and Other Liabilities—$88,377,242.76 Reserve for Contingencies, Capital, and Surplus—$16,956,929.73 Insurance in Force—$528,053,461. 00

If you would like to have a.detailed report of the company’ 5 financial condition, ask our representative in your city for a copy or write to the home office.

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