Indianapolis Times, Indianapolis, Marion County, 27 February 1940 — Page 15

TUESDAY, FEB. 27, 1940

JohnT. Flynn

TOLEDO, Feb. 27—The fight over the receivership of a public utility company, threatens to beome a major political issue and, perhaps, a first-class scandal. It is about the receivership of

TRADE CENTERS ON SPECIALS IN. MIXED MARKET

Mail Orders Stocks Es Sales Gains; Loft Busy Again. |

NEW YORK, Feb. 27 (U. P.).— Special issues continued to feature

_ the Associated Gas & Electric Co. an irregular, quiet stock market to-

That company is the big utility ‘ holding company which got into such a snarl, first with the Government and then with laws of economics, finance and human na-| ture itself as the result of the wild promoting adventures af its head, H. P. Hopson. The condition of that company, the performances of its manage“ment, the immense losses to investors certainly cannot be blamed on the Government. They were the -work of the same kind of promoters who ruined so many banks and utilities back to the Twenties. But unfortunately this particular ruin comes at a time when the New Deal is in eclipse. And the - proposal tc have the Securities and Exchange Commission assume the receivership is looked upon by many as just another attempt to let the Federal Government run private business. The SEC is also somewhat in eclipse, partly because of the general movement toward the right and partly because of its own spineless attitude. ” 2 ”

BUT THERE IS NO real objection to the handling of this receivership by the SEC. The only objection advanced is the almost incredible one that it is not equipped, has not the staff to do it. Instead the attempt was made to name John W. Hanes, former member of the commission, and H. T. Harriman, former president of the U. S. Chamber of Commerce, and another at $50,000 a year apiece. But, the question might be asked, what staff did Mr. Hanes or Mr. Harriman have for handling the receivership? They had none at all. Everybody knows that when a court names a receiver, it names an in~dividual and it is then .up to him to organize the staff. Generally the receiver is the actual nominee of the bankers and promoters, as are Hanes, Harriman, etc.—and the gentlemen who produce the ruin usually pick the staff and machinery. 2 ” ” *

THE COST of the receivership is a charge against the utility in receivership. The S is better equipped to undertake this job than perhaps any other body in the country betause it has already a large staff which has been working in the study of utility problems for four years. This is not a question of stifling Investment, or helping labor or attacking business, which so often comes to the mind of the economic royalist when the Government is involved. The victims of the Associated Gas are investors. The problem is to save them from those who victimized them.

BUSINESS AT A GLANCE i

By UNITED PRESS

American Rolling Mill Co. 1939 net income $4,011,908 vs. net loss $1,307,880 in 1938. Beech-Nut Packing Co. and controlled affiliated companies 1939 net income $2,472,658 equal to $5.65 a common share vs. $2,257,143 or $5 M8 in 1938. B. F. Goodrich Co. and subsidiaries 1939 net profit $6,628,746 equal to $3.50 a common share vs. $2,240,119 or 14 cents in 1938. New York, Chicago & St. Louis R. R. Co. week ended Feb. 24 carloadings 4978 vs. 5171 previous week and 4243 year ago.

DAILY PRICE INDEX

NEW YORK, Feb. 27 (U. P).— Dun & Bradstreet’s daily weighted | price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday .........c.c00000n0 119.31 Week AZO .coveerscevsnseees 119.39 Month AZ0 ....eco0cvevsess. 119.66 Year Apo ........005.0000... 10590 1940 High (Jan. 2) .......... 123.34

1940 Low (Feb. 14) .......... 11831 0

LOCAL PRODUCE

5 ths. and over, .12¢;

Heavy breed hens, 10c: 7c;

Y . capons, 9 lbs, y ibs. and over, 1l4c:. Ne. strictly ae country run eggs, 4c: ea LE full case must. weigh 55 Ibs ross: a net dedurrion of 15 cents for each ull case Bie 55. Ibs. will be made Butte Sa No. 30%e¢. uno A130, 26c: No. 2. 25c, (Prices - quoted 2 ‘Wadley Co.)

See Final Edition of the Times Aor

Closing Stock Quotations and Other Late News

Week-end Round Trip Coach

Excursions

GOING SATURDAY CLEVELAND . . . $5.50 Leave 10:00 p. m. or 10:50 p. m. TOLEDO ss 8 8 . DETROIT . : «+ «

Leave 10:00 p. m.

GOING SUNDAY BATESVILLE . . Leave 1:43 o 7: 45 a. = GREENSBURG . . . CINCINNATI « « +

Leave 4:20 a. m. or 7:45 a. m.

15 1.80 gz

For complete NEVS YORK information ag Jy Ph

- consult Ticket Agent

. | medium;

y Ree, poarket

Fin $1.25/5 2.50

day. Sears Roebuck developed strength when the Street heard its sales were running well ahead of a year ago. The stock sold at 84%, up|1l. Montgomery Ward, also said [to have a good sales increase, firmed fractionally. Loft, long an active favorite, came to the fore again and gained nearly 2 points to 29%. Brooklyn & Queens preferred ran up 2 points. Steel shares firmed after a noon sinking spell. Bethlehem was up nearly a point. Motors held around the previous close. Coppers were easier. Allied Chemical lost a point to 176. Goodrich was active and firm following: publication of a favorable earnings report. American Rolling Mill preferred jumped nearly 2 points when the company declared a dividend of $1.75 on dividend arrears. Railroad issues were mixed on indications of a decline ind loadings.

MOST PORKERS

Weights Under 160 Pounds |. Sell 10 Cents Lower; Vedlers Firm.

Prices for hogs weighing more than 160 pounds were unchanged today from yesterday af the Union Stockyards here, the Agricultural Marketing Service reported. | Underweights and pigs weighing less: than 160 pounds declined 10 cents, The top held at $5.60 for 180 to 200-pounders. Vealers figured steady at a top of $11. Packing sows sold steady to weak at $3.75 to $4.50. Steers sold at steady or near steady prices and heifers were weak to .slightly lower,

Feb, 21

2 2s

Soas) 3% veins 9898| 27 ....

To RL Rol is. «3 5.63 5.65 5.60 11.300 5.53 5.60 800 Packing Sows od and Choice—

Barrows and Gilts | ad and Choice— Go 120- 140 33

#4.35- 4.50 4.35- 4.50

4.25- 4.40 4.00- 4.35 3.85- 4.10

3.65- 4.00 4.50- 5. 25 ne! hiss dium and Go 4.65- 5.451 90- 120 (3. Soo 3.90

Slaughter Cattle & Vealers (Receipts 2140)

Sausage— Good..... Medium... : 6.00- 6.50 Cutter and common _ 5. 23 6.00 Vealer:

- 3 DONagay RaLIaIay SS LL Q

50 1100- 1300 Common-—

750-1100 Feeder, Stocker

Cattle, Calves (Receipts, 570) Steers Choice—

500 800. 800-1050. Good— Gor 300.

800-1050. Medium-—

6.75- 7.50 _ Steers, Heifers Misci750 9.75-10.75 Goo Tso 8.25- 9.75 Heifers $00 9.25-10.75 8.25- 9.50 %.25- 8.50 6.00- 7.25]

9.00- 9.75 8.50- 9.00

8.00- 9.00 7.75- 8.75 7.00- 8.00

900. .00Calves ( gisets) Good and Choi down 9.25- 35-11. 00 Mediu NE 500 down 8.00- 9.25 0 ba (heifers) 500 down 1. common 4.73- 5.75 Noe 221.0 Canner .. 4.00- 4.75 500 own 7.50- 8.75 SHERP AND LAMBS (Receipts, 364) Lambs

Lom IRI d

choice nd good

Good a Medium Common Ewes (on shorn basis) Good and choice .............. . Common and medium ..

treands 13 9.75-10.00 Ra 25 33)

4.00- 5.00 2.75- 4.00

CHICAGO LIVESTOCK

Hogs—Receipts, 15 cents lower; cents off; , $5.45: bulk 240- 5.3005 45: h utchers, $4.85@5. 270-320-1b. averages. $4.65@4. 30: 400-500-1b. Pe i Sows, [email protected];

ight weights to $4. Cattle--Receipts, 6500; calves, 1200; general ow; killing quality mostly | Hear m. nothing strictly c nice here in S ew and $10.50: mostly, pros, trade strong on both choice. 985 Colorado fed ge $10; bulk heifer crop, [email protected]; medium grades’ slow; cows, slow; steady; bulls fully vealers ul changed, 811 down; sage bulls to $7.15; heavy $6.90; most cutter cows, ®s5 5 d light stock cattle very féeders in narrow demand.

20, 200; generally 10 18 few

good 50240 15s. ° en

market slo

scarce; weighty : e Mond t lambs active; mostly 10 to 18 aa Friday's best; deck sorted fed Westerns, ; bulk, $980@9; few medium to good . $9. [email protected] 75; fat Sheen, steady st fed Western ALR irae fat stea fed Western Wooie dq Ia bs, $595 000: closely Te Say $10 ang slightly : p steady; fed ewes, $5@5. ¥: handy; weights

pr Unie

OTHER LIVESTOCK

INCINNATI, Feb. re (U. P.).—Hogs— 3460; market slow, ned 5c lower on butchers 160 Ibs. iD. Bghter weights not established, bidding 15c_ lower; top, $5.60; 225-250 1Ibs., $5.35: bidding Fh [email protected] on 160-1b. sows; steady to wea Cattle—450; calves, 350: upply li trading rather slow, generally steady; ight, good medium weight steers held aro oad ba most common and medium grade, [email protected]; medium to good cows, $5. 3066. 25; t .25; top sansage bulls, $7.25; vealers "s0c lower, top, $11, Sheep—200; fully steady; deck good 88Ib. fed Texas wooled lambs, $9.75: choice offerings eligible jo sound $10; common and medium, $7.50@

LAFAYETTE, Ind, i. oh 2 27 (U. P).— 10c lower; 160-200 lbs., 85.15 @5.40; 200-250 lbs., [email protected]; 250-325 es [email protected]; pigs, $4.50 dow wn; roughs, $4.2 down. Calves, $10G10.50. Lambs, $9@9. 50,

isd. oo Fo .. $5.20: 0-280

Ind., Feh. o 25¢ oe

50- 4.40; bs., $4. 50: 140 90150 1bs., $4. 5: 12 Ibs. 100-120 1bs., $3.75; rougl stags, $2. 75. $11.

Calves, Lambs

$4.25"

FOREIGN EXCHANGE

NEW YORK, Feb. 27 (U. P.).—Following are noon cable rates on major cure

rencies: Cane Ch ge pngland (pound) ssssins. 35%, Soon

ada (dollar

Norway (Krone) s..sesse Pelimark Hirope) ene Japan (yen Mexico yont .

WAGON WHEAT Indianapolis grain elevators are payin for XN 0. 1 red Wheat, 9c, x therm to marke

| corn,

change: (other gd es Ol eir merits, No, Sic; shetied, $7

| 4A

» ERRERERRRIRERERRL 8 yD ww

THE INDIANAPOLIS

NEW YORK STOCKS

PAGE 15

By UNITED PRESS

dams 1 Ex sess 4

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it 551 B84 mE

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car :

REMAIN SES i

ia 15 323 if $ 4.45- 4.60 | Co

Bulls C (Yearlings excluded) ood ....$ 6.50- 7.00

Lac 7.00 Dev &

2 A 29s nchor Hock Gl Anchor H Gl pt 111% \rch-Dan-M ... 2

4 4 A ve /s Aviation Corp.. 6% Ba Bald Loco 04:4 « 15% Balt & Ohio... 5% Bangor § Ar oe 12 Barnsdal . 11%

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. AY. Col Broadcast A 2 444 go Broadcast. B 2

olum Gas Col Pictures’ of it 33

. 37 h 1Y%a Comwlth Edison 32%, Cong Naim. os 23% Cong Ciga Cons Afra. . Cons Cig 12 Cons Cig Te ‘pt. ons Co Rerifine J f ns fn Edison pf. 10812 Cons Laundries, Cons Oil Container .....

6.50- 7.00| &

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Curtiss Wr ...

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1 Dist ig 6Y%s Doehler “Cast 19% Dome Mine . 21Y, Douglas tre’ oo 817% Dresser Mize . vais: } a 5 Pont «184%, Du Pont pt’. : “124% Duques Li of. 116% 1

East A Lines .. 30%

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High Low

SEER SNE SENSE

ub A) PARP

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21 18% 5 20 9% 19%, 18 19% 21 81% 17% ny 3Y2 124% 16%

Net Last change

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DOW-JONES STOCK AVERAGES ; a0 INDUSTRIALS Yesterday i...ovesesniessa. 146.44 Week ‘Ago sheen esestannnsses 148.65 Month Age bDeesssasnssnsrare 145.68 Year AZO ....ccccosssscsseee 147.30 High (1940), 152.80; Low, 144.85. High (1039), 155.92; Low, 121.44, 20 RAILROADS Yesterday .....cccce00c0000e Week AZO ...cococvsossncasce Month Ago ...ees

-—0.28 +0.19 —0.63 0.68

30.63 31.06 30.32

4| Year ‘Ago.

High (1940), 32.61; High (1939), 35.90; Low, ‘24.14. 15 UTILITIES

21.80 25.00

Yesterday. Week Ago ..... | Month ARS i.ceesssseesesces 24.03 Yenr AZO .....cec0eeasansses 25.83 High (1940), 26.45; Low, 24.61. High (1939), 27.19; Low, 20.7L

Cetanss ese

Net High Low Last change 14038 nea 147% + 2 2

os “177 177 +1

38% 4%

. .

Sa %

PHL HE

Follansbee Gair _Robt pf Gar Wooq 1

+X Ind. Gen Am .e Gen Baking

Sl EL

en Te en Thtre Ea . mn Time ans. wo 3

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110 00¢ ody apt oodyea Panam. Paige .

West Sug .. n H L Teyhound Cop.

1 irevhngd, 5% i uant Sug ..

fh fuk CI BNI DD 0 BD 4 3D C0 TCO 1 0 =i Ca)

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land I . lander & "son 4 Ya

olly Homesta

: 7 Hud & Man Hud Bay M&S Hupp Motor .

srl TE

%a Interlake >.

+ Hl]

NO. 26

tion, for

consumer.

Your Federal Income Tax

Deduction for Tax on Motor Gas

If an automobile used for both business and pleasure, those maintenance and operating expenses. which constitute allowable deductions for Federal, income tax purposes should be allo-

cated to the two uses on

the basis of the time the car is used for each. For example, if the total expense of oper« ation and maintenance, plus depreciation, for the taxable year amounted to $800, and the car was used three-fourths of the time for business and the balance of the time for pleasure, the allowable deducFederal income-tax purposes, would be $600. In general, taxes are deductible only by the person upon whom they are imposed and by whom they are paid. If a law imposing a tax on gasoline by its terms imposes the tax on the consumer and not on the dealer, the consumer may deduct as a tax, for Federal income-tax purposes, the amount of the gasoline tax paid by him; but the taxpayer must have kept records of the payment of such taxes fin order that the deduction may be substantiated as is required by the law and the regulations. The Federal gasoline tax is not deductible by the The taxpayer may ascertain whether a State gasoline tax is deductible by the consumer or by the dealer by addressing an inquiry fo the collector of internal reve enue for his district. In any case where the gaso- . line purchased is used for business purposes, the tax may be. regarded as a part of the cost of the gasoline and deducted as a business expense; but in such case the gasoline tax cannot be deducted separately as a tax

| under the item of. taxes.

Inter Johns-M pf ....125 wi

Kayse 12%

Loft Inc .. 2 Long Bell A ... Loose-W Bis ... Lorillard

MacAn & For.. acy RH. .. 2500 36% an Ry gtd cts 30% an Ry mod std 15%;

SSS wn

cGr El 3% Stree Pore. 41 ty cKeesport 11%

SS S885 85 0 Qa®

otor a vese Whi .. pf ...

otor ullins

1% Myers & Br .. 50%

Nash Eely vees 63 . 15% «12 ces 247g . 1% 8 Nat Dairy pf ‘A. 113% Nat Dept St pf 6% Nat Distillers... 2415 G) e 3%

1 8 8%

74 - 13%

Nat Sup Penn. ewmnt Ming

47 28 | 3a Pan Am Airways 1 16%; Par Am Air rts 19-16 15-16 Paraffine Co .. 43% . 437% Paramt Pic! «BD Tl para Pict 2. pf. 9s Parmelee

nn 22% Jerre Margiietis 102 Pere Mat pr pf u 1elps Dr or hil Morris ... ililps Pet ... y OO. pf ...

Pure Oil. ..... 8% Purity Bak .., 14%

Pllc: EERE

Mo Epub st pt A 2%

Rovere a ‘of. i Eayn Tob B ... 41 | Richfield Oil .. Roan Antel Ruberoid

Saseway 7 a pn 119 37% Bt T° Fran of 15 Savage Arm 28%, ichenley Dist. . 12% BSchulte R Ys

HIF HEH -»

w :

| Twin Coach veer

U Steel . 4 U BL pf’. Univ Piet 1 ‘pt. 88

Jl vanadium ..... 32% || Vick Chem .... 44

| | Woolworth .

2| Yellow Tr_. Young S&W

ne Skelly »f Sioss-Sheff of.

—n

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saa

PEE ERs

: | Te

Sym-Gould ‘ww. Sym-Gould XW. Texas Corp y rex Gulf Prod. G Sul...

n RB Franedw Air.. Cri-Con 'ruax 20th Cent Fox. 1 20th Cent-Fx 3

Ulen & Co eens 1) {Union sp “ey 378 Union 4% alen 5 io pf 114 Un Oil 16% ry

Tan wees

F 31

650 Rub 1 pf. 113% imelt Smelt of.

36 112%; 66% 7 116Y, 2%

[118%

32% 44 ee Wee 1% 21%

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Young Sheet. Young Stl Dr..

en Re ADVANCE IN WHEAT

CHICAGO, Feb. 27 (U. P.) —Buying by professional traders strengthened wheat on the Chicago Board of Trade today while fair commission

2 Ya

8 Américan Loan 5s 51..

3s | Elmer W.

house support and variable temperatures in the Southwest aided the upturn. At the end of the first hour wheat was up % to 2 cent with May at » 181.023, a bushel. Corn was unchanged to up % cent, oats unchanged and rye % to 3s cent higher. Soy Beans were 1 to 11s cents higher. ;

LOCAL ISSUES

The following quotations by the Indian[oo Bond & Share Corp. do not. represent actual price offerings, but merely indicate the approximate market level based on buying an selling quotations of recent transactions. Sto wks Bid Ask Agems Finance Co co Belt RR & Stk

9 k Yds IT 56

13% T Ph Wayne no pid. 502 5 nd & Mich oe 1% pid. 109%2 Ind Gen Serv 109 Ind Hydro Elce 1% pfd.... 88 Indpls Gas 21 Indpls POT. 87% i 111% 81% 100

see

104 112%

Camp Milk pfd.. Van Camp Milk com.

Jeeeesss 98 American Loan 58 4.0... 99 Citizens Ind Tel 415s 61. .102 Crabos. Reynolds-Tayior Co 5s. 97 Home. T Wayne 52% *°.103 Home T&T Ft Wayne 6% 43...104 412% 56 1

99, Indpls P&L Ing 68 106%2 [ndpls Railway Inc 5% 67..... 67 [ndpls Water Co 2% cn 105 Interstate: T&T 5%29% 5 101 9...100 100 ..105 97

..101 10072 88

Richmond Wat Whe 5 Trac Term Corp 5 7% 57. *Ex-Dividend.

Incorporations

Count; A se Asrionliural Credit nge; dissol Armstrong pig] e D. Armstrong, SO! registration of trademark, “Paramount Crinkled C otato Chips.” class 45: foods and Iai of

ars County Farm Bureau Co-operative Association, Inc. Logansposts amendmen increasing common stock 8000 ye of $5 Sar value Trailer On ners’ Association, Ine. Calumet Ave., Hammond; Qe ca gual stack: Ellen Jones, John A. Gaddi gall, E Ernest Rude, Cleo Hi, TE eon ve Great, Lakes Portland Cement Corp., Indianapolis; amendment decreasing capital stock to 43,302 shares class A and 38,619 shares class B common Coal Creek ot, Products, Ine, New Richmond: a illiam W. Mason, New Richmond; 160 shares without par value; manufacture ad sell dairy equipment an roducts; Paul Owen, James Hornbeck, illiam W. Maso Edwill Corp., 439 E. Riverside Drive: Indianapolis; agent, Elmer W. Hughey, same address; 100 shares of $100 par value; real estate. and insurance agency business; Sasney: Emma F. Hughey, Lucille T. Spe:

Maebir C Corp. 3849 BE. Riverside Drive, W. Hughe

Indianapolis; Bpenk Elm ey, same address; 100 shares of "s100 par To, real estate and insurance agency. Elmer

Ww. HRey, Emma F, Hughey, Lucille T.

8pe Paine] Corp., 2820 E. Riverside Drive, Indianapolis; agent, Elmer W. Hughey, same address; 100 shares of $100 par Yahie: real estate and insurance agency; piney W. Hughey, Emma F, Hughey, Lucille T

PE wenine Corp., 2 829 EB. Rive ae 8 Dye.

Indianapolis; 2gent same address; 10 shares of "6100 ‘par oe ros real estate and insurance agency. Emer Sperry Hughey, Emma F . Hughey, Lucille T Corp., 2829 E. Riverside Drive, Indiana lis; agent, Elmer W. Hughey, same address; 105 shares of $100 par value; real estate and insurance agency; Elmer W. Hughey, Emma F. Hughey, Lucille T, erry

a orp. 3839 EB. Rivelside Dive same a Post 105 oh Shares of ri Dar value;

al estate ‘and insurance Elmer Tl Rey, Emma F. Hughey, Lucille T.

89 103% 108 mg

J2Crange Corp., LaGra Noel W.

Carmas hs: “W. Hu, Inia Te dre Bo Shares of of $100 par value; real estate ,

A athe, Lucile T. W. Hughey, Emma F. Hughey, Tu e T.

Fortes Corp., 3800 E. Biverlice Drive, na

lis; W. Hu 4 | same address 3 105 aires of o> $100 par value!

1 e Cy rance agenc er w. a hey, Emma F. Hughey, Lucille T.

pols: n Hughey. ] Pan ? ; 100 shares of of “yo Dar value: al estate an surance : Ww. Hughey, Emma F. Hughey, Lucille I

Ph aianapolis: Elmer same a address poss 00 Bars of 100 par a

Net Last change |

102% .... FI ‘ans 11% . 27 1

15% | 41 *| General Bedding Corp., all of Elk-

ols: 3 2829 E. Riveryiae Drive, ¢

2629 E. Riverside Drive, | OE ets Bimor ney,

hirsix Cofp., 2030 E. Riverside e, Drive.

Copy Director

James C. Anthony has been named copy director of Keeling & Co, Indianapolis advertising agency. He will head a staff of six advertising writers. Hal R. Keeling, agency president, announced the firm’s appointment as advertising counsel for Ferrel Merchandisers, Inc, and the CeleryVesce Sales Corp., both of Indianapulis,

GREENE TO RETIRE FROM LOAN FIRM

Stewart A. Greene, officer and direclor of the Railroadmen’s Federal

7. | Savings & Loan Association 32

years, will retire March 1, the board of directors announced today. Mr. Greene was assistant to the secretary and disbursing officer when the association was located in the Union Station. He expects to devote his time to managing the Hollenbeck Realty Co. in which he has been interested many years. He will be guest of honor at a dinner tonight at the Columbia Club. ‘Both my father, William T. Cannon, and I have relied with complete safisfaction on the proven ability of Stewart A. Greene to carry out the details of his exacting responsibility,” F. 8S. Cannon, association president said. “It is with the best of good wishes that the board of diFehrs approves Mr. Greene's retiremen

Schimpf to Speak

Franklin C. Schimpf, Link Belt

+ J4i€o0. plant accountant, will speak at

the Cost Clinic of the Indianapolis Chapter of the National Association of Cost Accountants at 7:30 p. m. tomorrow in the Indiana University Extension Building, will speak on “Payroll and Labor

sion by members,

New Books Listed

| New books received at the Indianapolis Public Library's business branch include “Practical Budget Procedure,” by J. H. McDonald; “Present Railroad Crisis,” W. J. Sunningham; “Calling the Life Underwriters,” Waller Cluff; “Investment Counsel Annual, 1939”; to Get a Job,” Challis Gore, and “Premium Advertising as a Selling Force,” F. H. Wagoner.

Display Trailers T'imes Special | CHICAGO, Feb, 27. — Indiana trailer manufacturers exhibiting in

68 132|the first National Winter Trailer

Show here are Elcar Coach Co. ‘Schult Trailers, Inc, and Platt Trailer Co., Inc., all of Elkhart; National Trailer Corp., Elwood, and Whiteman Trailer Co., Mishawaka. Indiana trailer supply firms exhibiting include Barnes Furnace Co., Elkhart Trailer Supply Co. and

hart. Wheat Loans Estimated

Times Special WASHINGTON, D. C., Feb. 27.—

for 1940 covers an estimated 3,942,505 bushels on 311,577 acres, the

ported today. There have been 28,376 premiums paid in the state amounting to 307,-

on spring wheat is Feb. 29.

“1857 Loans Made

Times Special WASHINGTON, Feb. 27.—Insured savings and loan associations in In-

| diana financed 957 loans on homes

in January, Nugent Fallon, Federal Savings and Loan Insurance Corp. manager; reported today. The loans amounted to $1,321,933 as compared with 385 loans valued at $1,174,509 in January, 1939. Assets of the insured associations in ,| Indiana now total $125,100,840, Mr. Fallon said.

Britten Honored

M. D. Field, manager of the Indianapolis district of the Monroe Calculating Machine Co., has receiwved.word that E. F. Britten Jr., president of : the firm with headquarters at Orange, N. J., is to receive one of the Modern Pioneers Awards. The award is to be made at the National Association of Manufacturers dinner tonight in the Waldorf-Astoria Hotel, New York. Dr. Karl T. Compton, president of the Massachusetts Institute of Technology, headed a committee of six scientists who chose the men to receive the award on the basis of ‘| “making outstanding contributions to the improvement of the American standard of living by the development of new products and services.”

U. S. STATEMENT . WASHINGTON, Feb. 27 a. P.) —Gov-

) ernment expenses and receipts for the rent fiscal gear jhrough b. . com-

pared with a ia 9

This Expelies ..$6,041,998, iis. a #3. Recei .. 3,453,447.722 Gross 550, 818 3 178, Net Def .. 2,5

7 i Hei ti

Work. Bal. 85 2,741.0 6.7 Pub. Be df iey 69 39.847, 4 it

{Gold 2 Rs Bi fi

{minutes apart—on the radio.

.|of their work to what you might

Mr. Schimpf|

Distribution,” followed by a discus- ]

“How! 3:

Winter wheat insurance in Indiana |;

Federal Crop Insurance Corp. re- | Ghi

007 bushels, the report states. Clos- D ing date for taking out insurance |El

‘ON THE

TONIGHT

¥:30—Information Please, WENR.! 3:30 Horace Heidt, WIRE.

SN Hope, WI WIRE.

Two Hoosiers — once lived about 15 minutes walking distance from each other when they were boys in Aurora, Ind., are still 15

One is Edwin C. Hill, whose “Human Side of the News” broadcast is followed by the other Hoosier, Elmer Davis, and his news analyses. By the time Mr. Davis entered high school, Edwin C. Hill had 1éft Aurora for newspaper work. Mr. Davis, emulating him, worked on the high school annual and worked as a printer's devil on the Aurora Bulletin for, a dollar a week. During college he wrote occasionally for newspapers. After studying under a Rhodes Scholarship at Oxford, he returned to New York to find a job on a newspaper. He visited Mr. Hill who was then: working on the New York Sun and was given a letter of introduction to the night city editor of the New York Times. Yes, he got the job. When the two meet occasionally at the Columbia studios, conversation drifts from the world affairs

RADIO

expect—the standing of Indiana’s football and basketball teams. ”® 2 2

Dr. Roy Chapman Andrews, the explorer, and Dr. Oliver St. John Gogarty, Irish physician and author, are tonight's guests of Clifton Fadiman on Information Please, 7:30, NBC-WENR. The other two, endeavoring to keep the cash register from ringing, will be: the old faithfuls, John Kieran and Franklin P. Adams. & ® x = Foreign short wave news broadcasts: Moscow, 6, RV96—15.24 meg. and RNE, 12 meg.; Rome, 6:30, 2RO --11.81 meg; and IRF, 9.83 meg; Madrid, 7:25, EAQ—9.86 meg.; Loncon, 8, GSC—9.539 meg.; Berlin, 9:50, DXB—9.61 meg. and DJC—, 6.05 meg.; Paris, 10:30, TPB11—11.88 meg. and TPA4—11.71 meg. ” 8 ®

. H. W. Prentis Jr; National Association of Manufacturers president, and Charles F. Kettering, G&neral Motors Corp. vice-president in charge of research, will speak at 8:30 over NBC-WENR. The hour-long program will commemorate the 150th anniversary of the founding of the American ent system and is dedicated to the “National Modern Pioneers,” 19 of whom will be

8 # 8

INDIANAPOLIS WFBM 1230 (CBS NET.)

Kathleen Norris Golden Store Hollywood . ) __Scattergood

) Billy & Bettv Safety Program H. Kaltenborn Finwhes News

E 1400 (NRC-MBS)

Girl Alone Midstream Reed

C O’Neills

Spelling Bee ; essa B. U. Reports Lier Sports

Pleasure Time Mystery Treasure Hunf ck Reed

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i Fidler Second Husband

Big Town Missing Heirs

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Presents

awarded silver plaques. # " »

THIS EVENING

(The Indianapolis Times is not responsible for i - ments, caused by station changes br sible Jor Inaccuracies In Program announce

INDIANAPOLIS WIR!

CINCINNATI (NBC-MBS)

Kitty Keene Midstream Jack Armstron Once Upon a

CHICAGO WLS-WENR 870 (NBC Net.) Radio Neighbors

Anthony Frolics Junior Theater Children’s Stories Bud Barton Tom Mix

Easy Aces Lost Persons

ews High Schools Inside Sports Aldrich Family Johnny Presents Information PleaseHeidtls Or.

& Denton Winslow Lowell Thomas

Pleasure Time Vox Novachord Melody Grove

We, the People Crummitt,

Matte 8 or rodent Fibler McGee Glenn Miller Hoosier Talent Singing Cop Amos and Andy

News Bob, Crosby

Bob, Hope Doghouse

New: Ted

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Paul Sullivan Johnny Lang Herbeck’s or.

Recordings a“ «" . .“”

Griff Williams

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INDIANAPOLIS WFBM 1230 (NBC Net.) Early Birds

(NBC-MBS) Dawn Patrol Markets

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News Brodie Miller Toweriown yon

- Dawn Patrol - Basonology News Qiey Today Air Kitchen

Kitty Kelly an arge Hilito x

n Stepmother

Ma Taylor Life") Be ns Big Siste Jenny’s Stories

Kate Smith Girl Marries Farm

Man I Married Other Wite Plain Bill

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David Harum Road of Life Against Storm Guiding Light

Singin’ 3 Dr. Malon Circle u Linda’s

Farm Hou Marhels, porter Headlines Betty & Bob

Lady Betty Crocker.

Mary Martin Ma Perkins epper Youn, Vic & Sade x

Jicosler Milkmen

Pid Keene Noon Tunes

Lanny Ross is Jordan WW hetier ission

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a ud Quartet Air School

Three-quarter Time Hits & Bits Wirees Presents Smilin’ Ed

00 . Kathleen Norris Golden Store Hollywood Scattergood

fills Dallas Orenzo Jones idder Brown

Girl Alone Mi dstream

Dick Reed O’Neills

Sand.

Weem Outside Tooking In

iss J Editor’s Daughter

Woman in White

Baglstaze Wife

America Cavalcade Crummit, Sand, Modern Pioneers Fibber McGee

Concert Ted Weems

10 0’Clock Final ” “

Bob, Hope Doghouse

Peter Grant Ted Weems Grift Williams

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Count Basie Charles Barnet

Barney Rapp Moon River

WEDNESDAY PROGRAMS

INDIANAPOLIS WIRE 1400

INDIANAPOLIS CINCINNATI WIBC 1050 WLW 300 (NBC-MBS)

Tex, Millie, Dollie . Checkerboard

Time to Shine News Gospel Ringer Lulu Belle

Devotional Musketeers

Breakfast Jam

Caravan Julia Blake Cotton Queen News

New Bright Spot May Robson Devotional

Memory Lane Man I Married - M Other Wife Plain Bill

x Little White House Linda’s Love e

Charm House Master Singers

Friendly House «t Lid

Public Schools Varieties

¢ Rhythms

Guiding Light

1 O’Neills

Boy and Girl

Ranch Boys Home Folks Bill Jones Tommy Sutton

Musicale Harlin Bros. an 0x Haven of Rest Piano Moods

Safety Program Concert Hour

her Ellen Randelph Editor’s Danehter

Peter Gran

Betty and Bob Grimm’s_ Daughter Valiant Lady Betty Crocker

Mary Martin Ma Perkins e per, oun Vie & Sade x

Backstage wife Dallas ulia Beautiful Life

ty Keene stream k Armstrong itation

3 0’Clock_ Club teps in Jive Request Time

Dr. Swing Question-Air Around Town:

KEY NETWORK STATIONS (Subject to Change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 859, NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350. NBC-RED—WEAF, 660: WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090, WBBM, 770.

High Aero Sup B.... 5% Alum Co Am ..182 Am Cyan

Am Am

Net Tash ¢ chchge

rr. 15 Glen Alden. .... 6%

Chicago

\llied Products Aviat & Tran Sastian Bless .... 3erghoff Brew . wn

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Hos t Louis NSYds . : o Bend Lath ........ 2 tan Dredging «..... Oil Ind .

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FOOD PRICES

CHICAGO. Feb. 27 (U. P.). 7 ADDies Michigan Mackintosh, bushel, $1.30@1. Sweet potatoes—Tennessee, ‘bushel, $1,40 I} 50. ' Celery—Michigan, crates, $1.50@ 1.75. ‘Tomatoes—Mexican, Jugs. 8 ach—Texas. bushel, sel California, $1.2 California, Trates, fi 7 50. el (50-1b, sacks): Colorado yellow Dan-

New York Curb Stocks

Grummen Air.. 16% ' 18% 16% .... - Hollinger 11% 115 .... Imp OC ? “" % "Ya 1 1a

Mt City dil 41, Nat Contr .... 10%

Ph erin

mL&P.. ORI N Gas. 2098 Pantepec O Vnz 3 Pennroad DP OOORIE Sec .. Pioneer Gold . 9 Pitts Forg 10vs Republic Caviatn 575 Rustless I & Stl 14% Segal Lock .....15-16 Fechnicolop “ia Un Cigar Strs.. Corp ..

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