Indianapolis Times, Indianapolis, Marion County, 28 February 1940 — Page 15

NEW YORK ST OCKS

tly UNITED PRESS DOW-JONES STOCK AVERAGES|

80 INDUSTRIALS Yesterday ..cccovcecoccesces 146.17 Week AZO ...covoucesssscses 148.34 Month AZO ...cccccescescess 145.83 Year Ago .. cesvasveves 145.15 High (1940), 152.80; Low, 144.65. High (1929). 155.92; Low, 121.44. 20 RAILROADS

Seed 0cepessccsscce

TONIGHT 6:30—Burns and Allen, WFBM. 8:00—Fred Allen, WIRE, 8:00—Star Theater, WFBM. 9:00—Kay Kyser, WIRE, 9:30—Indianapolis Symphony Orchestra, WFBM.

Henry Cowell's “ “Old | American Country Set” will be the feature of tonight's 9:30 CBS-WREBM broadcast by the Indianapolis Symphony Orchestra directed by Fabien Sevitzky.

STOCKS HIGHER AS LEADERSHIP STRENGTHENS

Loft Hits New Mark After Pepsi-Cola Advances

THE RADIO

Arturo Godoy, South American heavyweight who went the whole route with Joe Louis recently, will be a guest of Al Pearce and his gang, 7, CBS-WFBM. . .. Laurence H. Sloan, vice president of Standard Statistics Co., will discuss America’s corporations in the “Next Step For ward” broadcast, NBC-WLW, 10:15 p. m.... Glenn Miller's program at 9, CBS-WFBM, will include “Slip=-

oss

PORKER PRICES UNCHANGED ON | — §500 RUN HERE 25. 3

$5.60 Remains Top Paid for 180 to 200-Pounders

JohnT. Flynn

Net Last Change Hv 'y, 4 13% 1a

High

Pac Finance’ oe - 12 cifi 8 47%,

1 1308

ban Am Airways 183 Panha ndle Par Par Par, Dal

be enne; Penn Coal & OC.

Net Last Olshes : 73 -0.27 0.81 | -0.30 0.15 | 3

Pa .

+144:

+ Se ¥

§ —

PITTSBURGH, Feb. 28. — The * Federal Government has made a

80.63 80.81 30.56 32.45

4 Yesterday Week AO ccciccsesceccscsss 2 | Month Ago 08380 s00s00es nose Year Ago .

breach in the wail of the building ‘trades here. If it can keep up the offensive it will accomplish the first real victory for recovery in the last seven years. : There will be no recovery in this country until building revives. All the spending programs merely keep us afloat. Social Security is a good

* thing as a social reform and some

day will have economic significance. Reforms like the SEC are excellent —t0 protect investors when there are people who want to invest. But nobody wants to invest. Many of the things we have done are good from a social viewpoint. But recovery is another thing altogether. «And we have done nothing about * that. 8 8 =

THE FIRST REAL offensive to start business was when Thurman Arnold began to batter at the build-ing-industry © combinations which have strangled business. And one of the first victories has just been chalked up here, when the sand and gravel “trust” capitulated and agreed to quit fixing prices, and the Federal Court issued an injunction against its memebrs, ‘ Sand and gravel are important items in every building. In many - large cities sand and gravel are . supplied by a few firms. They get ‘together and jack up prices at their own sweet will. A gang of these gentlemen has been indicted in

New York. It was charged they|G

raised prices and enforced their

will on retailers and the trade.|! [Arnold got them indicted and they

‘have agreed to end the offense. But there are plenty of others— » plumbers, electricians, plasterers, ‘masons, all sorts. And the combi-

nations extend to almost every |b form of the building trade. They [Good

apply to manufacturers, material dealers; sub-contractors and labor unions... These combinations are

: se deadliest enemies that recovery | Good—

TO BREAK THEM up, the Attorney General's office needs an army of lawyers, investigators, acjcountants. But it hasn't got them. Under Homer Cummings, the AntiTrust Division of the department was wrecked. Mr. Arnold ought to have five times as many men. But

instead the economy drive in Con-|¥dium

gress takes the stupid form of cutting down his appropriation by a million dollars. The cost of one destroyer, one submarine, applied to the Anti-Trust Division of the vDepartment of Justice would do ‘more good for recovery than a bilion dollars spent on a navy. , If the Government will go after these combinations as it should, it will be possible for a man to put up a building and make a profit out of it when it is up. Government will persist in this the builders and architects will form a line at the building departments with their plans and then the Government can begin to talk about a balanced budget. But not until

Shen.

PEPSI-COLA STOCK GAINS 50 POINTS

NEW YORK, Feb. 28 (U. P).— Pepsi-Cola stock sold at $300 a

share on the over-the-counter mar- |

ket here today, the highest level in its history, and about 50 points pver last week’s low. Last week the issue dropped about 40 points following a Federal Court ruling in Baltimore enjoining four soft drink manufacturers from using the term “cola” in sale of their product. Pepsi-Cola was not involved in the suit.

FOREIGN EXCHANGE

RE, Feb. 28 (U. P.).—Follow-

Y n major curing are noon cable rates on | J Noor | Seth

Fehicles: * Rates: Change

oes 13. 95 — 0 1 T= 00 1 : 0924 1 + 0000 7s

a Ya 1v2 1)

i apan . 2 esesseds xico {peso) ess sssse 9s00eene n Nominal

—— No. 27 Your Federal

Income Tax

Deduction for Traveling Expenses

To obtain a deduction for traveling expenses, which form an important jtem in the returns of many taxpayers, certain regulations must be observed. The taxpayer is required to attach to his

return a statement show-

ing the nature of business in which engaged, number of days away from home ‘during the taxable year on account of business, total amount of incidental to meals and lodging, and total ‘amount of “other expenses” incident to travel and claimed as a deduction. ~Among the “other expenses” are tips, provided they ‘are reasonable in amount. Traveling expenses are deductible only when the trip is on business. They are limited to such expenses as are reasonable and necessary in the con= duct of the business and directly attributable to it. Traveling expenses incurred in connection with a journey to another city fo i ol employment are’ no - Sook ow Suburbanites who commute daily from their. homes to their places of business are not permitted to deduct the cost of transportaon being a personal

Claims for deduction for traveling must be substantiated, when required by the Commissioner of Internal Revenue, showing in detail the amount and nature of the incurred.

If the] 2s

At Stockyards.

Hog prices remained unchanged from yesterday for all weights at the Union Stockyards here today, according to the Agricultural Marketing Service. The top price quoted was $5.60 on the 180 to 200-pound division. Packing sows shared steady prices. Local killers took the small supply of 10 loads of steers at full steady prices, largely from $8 to $9.60. Approximately eight loads. of heifers sold steady to weak. ° Vealers figured strong to 50 cents higher with: the choice boosted to $11.50. Sheep and lamb receipts continued too’ light to test values, but the limited trade was considered about steady, Feb.

> 12 Tr 3 2398 cee 24 ... 5.790 1800

Bn ts. 288 1 15500

3.60

sess

Barrows and Gilts | Packis Sows Good and Choice— | |Good and C 120- 140 § 3.75- 4.60] 270- 300 $ ry 1%: 8%. 2 140- 160 4.25- 5.60 330- 360. 4.3565] 300- 360 4.35- : 3 4.25- 4.40 4.00- 4.35 3.85- 4.10

3.65- 4.00

Mi 4.65- 5.45 90- 12 Slaughter Cattle & Vealers (Receipts, 1166)

Bulls (Yearlings excluded) Good ....$ 6.50- 7.00

10.50-11.50 n an medium,. 7.00-10.50 5.00- 7.00

50-1000, Cattle, Calves (Resalfits; 600) rs Choice— ° 500- 800. 800-1050. Good—

Steers, Heifers 9.75-10.75 8.25- 9.75

Heifers Choice750- 900 9.25-10.75

8.26- 9.50 25- 8. Calves {ateers) T.80.8.50 Good and 6.00- 7.25| 550 down 9.95-11.00 Median

ed Boe 9.00- 9.75

500- 750 8.50- 9.00

8.00- 9.00 7.75- 8.75 7.00- 8.00 6.00- 7.00

00- 800. 00-1050. edium— 00-1000.

750- 900 Medium—

C .500- 900

down 8.00- 9.25 Good . Cow 3 25- 7.00 Alves (heifers) Medium. .

5.50- 6.25 Cutter and 00 down. 8.50- 9.50 common 4.50- 5.50| Medium Canner... . 4.00- 4.50| 500 Yown 7.50- 8.75 SHEEP AND LAMBS (Receipts, 239) Lambs

Good and choice «e.$ 9.75-10.00 edium and good 9.25- 9.50

Ewes (on

Good and choice .. Common and mediu

CHICAGO LIVESTOCK

Hogs—Receipts, 13,000; generally 5@10c active; ts 15¢ up; 0 d to choice 200-240 los. -270 Si butchers, $4.90 .| $4. 65 good [email protected];

p g Sows, Dy $4.15@ 4.40; lighter weights to $4.50. Cattle—Receip 7000; calves, 1000; fed steers and yearlings strong to 25c¢ higher; strictly good d ch c up; trade fair y un even; all grades and Tepreseiauye weights higher, than Mond 2 id, most DHces a) ; cattle: choi 13084 ages, $12 0 Ibs., $11, Cn Rx $10. 50 al .60 2ith common to medium offerings [email protected]; stockers conumuing fairly acTe heifers, Strouse; best Jens ht heifers, $9.75; cows scarce, fully stea cutters, $5.25’ down; bulls, steady to easy: outside on weighty sausage Ta ings, $7.25; practical fod vealers, $11 eep—Receipts, 6600: late Tuesday fat lambs generally steady; one small lot assorted fed ss, $10; bulk good and choice, $9.75@9 fed Texas, $9.50; fat sheep, steady: hs weight fed Western ewes, [email protected]; ioday's 1pade fairly active; fat lambs Sy higher; several loads good to um weight fed Western lambs, %° 85@10; few strictly choice kinds held higher; two Holibles 102six weeks - clipped lambs, fat steady; foals Soke ssas fs Wl) Vestern ewes, §

OTHER LIVESTOCK

CINCINNATI, Feb. 28 (U ) .—Hogs— Salable, 2500; total ys “holdovers. oT active, 60 1bs. up, Difhes er, lighter ghts and sows A, % tea y; t op, 5.85; 3585350 1bs., $5.40; 40 lbs., [email protected]; sows mostly $3.75 dow Cattle—Salable, 300: “total, 450: calves, 400; action, fair; steers and heifers, about steady: canners to comm couss medium to good fat beef cows, $5.75@86. canners to fomiien, ¥ 5@5 .50; shelly Sanmers, 3. 50 and|less; top rm? fop, § buils, $17.25; $60 ;| vealers, firm; Bick Sis aos:

00- 5.00 29: 3.00

fake yeariin

sheep, fed

active, Shody

ed Western ro and a few comparable natives, $10: scattered lots common medium | Eades, [email protected]; culls roan 87. 50 and | FT. Ing. ‘Feb. 28 (U. P.), — Steady to Tog higher: 180-200 1bs., 160-180 1bs., $5.35; 20 0-220 1 -$5.30; $5 “io: 2602

bs. 30 $4.60; 350-400 1bs. ee 4.50; 2- isd 1bs., $4.25; ., $4; 100-120 stags, $2.75.

Lambs,

Ln] Ind., Feb. Hog igher:" 150-200 200: 350 or RS fo@s. 40; 250- 325 Shs. $4.50 doa; roughs, $4.25 Sato. $1010. 50. Lambs $9@9.

LOCAL ISSUES

The following the Indianapolis Bond & not sent actual price dicate jhe on buyin transhctions, Agents Fin ante Co com . Belt RR & Belt Be & Cent Ind Pow 2 Soo Drugs Tho ¢ 13% me T&T Ft Wa me 7% pfd. 50% Er & Mich a 1% pid. 3

%s 05 50: down.

or pot nd Pub Serv 52% pfd.. N Ind Pub Serv § 8% ped. ran N Ind Pub Serv 7% p *Pro Laundr

vesssesses 25 seseess 64

cesceens ll

Van Camp Milk pfd.. Van Camp Milk com. Bonds American Loan 55 51....c000.. 98 American Loan 5s 46 .e Citizens Ind Tel ass 61 Crabbs-Reynolds-Tayior Co 5s. 97 Home T&T Fi Wayne pres » 103 Home T&T Ft Wayne 62 nd Asso Tel S0.3% 2% 0

LIU! ater Wark Kuhner Packing Co Morris 5&10 Stores |5 Muncie Water Work Nat Silk Hosiery 5s/42 Noblesville HL&P 6%2% 87.401 N Ind i ub Serv 3%% 5. N Ind Tel Co 45% as Trac Public Tel Ca 40, Ri t Wks 37 85.. aga Trac Term Corp 5% 7

*Ex-Dividend. LOCAL PRODUCE 3 lbs. and over, 13¢;

Heavy breed ns nder 5 Ibs. ghorn

e 2@32%¢; buttertat— 0. or 26c; No. Prices quoted by Wadley Co.)

BLAST FURNACE BANKED PITTSBURGH Feb, 28 (U. P.). —Jones & Laughlin Steel Corp. has banked one of the 11 blast furnaces which it has been operating since the steel industry boom last fall. Furnace 4 at Pittsburgh was taken off, marking the first reduction in the company’s blast furnace oper-

Butter 30%zc; 0

6700 | 4

weak; De

head good to ped 20 Di

bs., $3.75; roughs, Past

. 84.600 | BNE &

ERP, t 24 Am p \m-Haw By .

Am RN Pr.. 4

m 3 Toco of . 1 m Mach & Fdy 34"

[yy ay ya. Lod a » >» >>

melt .... Am Smelt 7 pi..142 In 2 Foe

ty Poin.” \m Tob se Am Water W.. 91; m Wat W 1 of 96 \m Woolen 7% Am We m Zine

} cho Har CT \nchor Pp 302

rch-Dan \TMOUT TH i. 7 220 8%

BBB BHD » 1

AS50 Dry Ges .

SELLER LL LEH LE Lh Ht

. a oe

141

Aviation Corp .. 6% rT

ct... 15% Ar pf 13%

cees 30% 64

ce = x

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Spl 44 +10 HEL

- Esse

5% 139 -120 120 A 32 20 7 92" Br a ae 10% fo

CEs mes

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Silber ELLER LL > Rese

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FANN

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BINION LILI Qo th VCO BI CJ = Top br OY

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1 Douglas are .v 83%; 8 Dow ‘ 5 Dresses Mee. oe 18% 5 12

Du on du P iy pf ss Puguies Lot...

%% Ya 184 24% 116

+++) seh

East Alr Lines. 31 31 Kodak ...149 147%, . 31a 31% 38s 14% 6%

25 29% 39% “riot 1107 9, 9%

Johns pf.. Eng Pu eens Equi Bldg .... % E 15 . 4% 24Y,

1% 4% EXx-Ceil=0 cceoee

24%

Fair, The P.. . Fair Morse . 4 Fed Lt & . 15%

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1 | Johns-Man .

80.185. 24.14.

High (1940), 82.67; Low, High (1939), 85.90; Low, 15 UTILITIES Yesterday Week Ago 800000000000 000000 Month AZO ....ccoveesssesee 24.90 Year ABO .coicovcioccccsess 25.88 High (1940), 26.45; Low, 24.61. High (1939), 27.10; Low, 20.71.

24.80 25.05

S0epessessscncecse

Net Last Change 17% ++ Pe 19% + 3% + % 22 Leen

High Ferro Enamel se 17% ?lintkote 19%, Florence Stove. 34% "ollansbee

"reept-Sulphur. 34 foster Wheel.. 17 %

fad .s 3% Gar d. 4a Gen Am Tay ve 6% Am Ti . 52% n Cigar br 115% Electric ... 383% Foods ... 47% Mills .vees 94Y,

& 1a Mills pf. ..1207, Motors ... 533%

year ooayear ot. obo

. 97

FEE Se

5 ion weis 14 ava

revhid pila 1 a

Hall Print .... 18% Ham Watch Hanna 5 pf....101 Rarh-Walk Hat

Hecker "Prod "I! Helme Helm

Tt Ir crn

18%

ul Fe

ud & Man Hud Bay M&S. 23% Hupp Moter .. 7

fe 1 ngersoll iI Rand. 112 113 ally Gop: 11% hsshs cts Md.. 6% R re 47 hterchem pt [.110 [Interlake Ir .. 10% nt Business M. 190%, nt Harvester.. 537 nt M Mi 3 nt 36% n 13 Int nt

T&T T&T For.

Jarvis Co ...

Jones & L 7 i.

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Bobs C0 te > SESSA

5 1 veers 15% El .... 23%

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Nash- Rely esos 6% Nat Acm . 15% Nat Aviation. oo 12% Nat isons sve 31% Nat 2a 113%

Nat Distinier Nat Bis Er © 24%,

. see 33 - SR Fe

: - 2 SNE SEE $F

Pil + He

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. 2 BONES

¥ . 36 Rub Tr ft. Steel p 113%,

Steel pt... 117 S Tob ...... 363 Univ Leaf T.... 86%

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Yellow Tr ..... 17} - 4 | Young Sheet oes owe.

Zenith Rad ... 5 15% 15%

U. S. STATEMENT

WASHINGTON, Feb. 28 (U.

17% 40

current flscal year through pared with a gar al 02

Expenses ..$6,087, 999, 365, "a3 Receipts 3,469,084,810,19 Gross De ef.. 2.618,914,555.64 e

Last Yea: $5,828,771, 743. at 3,631,051 1131.0

Customs ’235,726,261.04 INDIANAPOLIS CLEARING HOUSE eesedaiienes 8,1

FOOD PRICES

132,000

CHICA Michigan eto bu, § Potatoes—Tennessee, bu., ery—Michigan, crates, i) matoes Mexican ‘ex Calif lifo marke

{ ie To5. Spinach Cauliflower— rrots— Onion

Firestone T ... 20% 20%

By TOM WOLF Times Special Writer NEW YORK, Feb, 28.—Gargantuan New York—city of superlatives —will soon add a new “largest” to an already impresive string. In the Bronx the world’s largest insurance company, Metropolitan Life, is building the world’s largest housing project, Parkchester, Scheduled for March, 1941, occupancy,- Parkchester will be a city

ation since the upswing.

within a city Its 12,27

arate buildings ranging from seven to thirteen stordes, will house 42,000 people in two to five rooms, Average rent, including utilities: $13 per room per month. Previously the biggest private housing project (though not as large as the U. S. Government’s uncompleted 3149-unit Queensbridge project in New York) was a 2125apartment, three-site project completed in 1825 in New York's borough

3 apariucsie, tn 81 sep

—

City Within a City at Nest Yore

San

EER

Fas

as Naas

Sa RS 8

1 =

+ %

P.) .—Government expenses and receipts for the eb. 26, com-

9,845, Gold Res, 1, 146,335,817.73 14,854,345,933.66 . 207,731,359.61

Clearings ccceeercesceronsssseess.$3,941,000 Debit:

Feb, (U. -P.).—Apples— weet

Above $300.

NEW YORK, Feb. 28 (U. P.)— Stocks had better leadership today and rose to mid-session gains extending to more than a point but trading failed to expand. Loft, the individual feature, ran up 1% points to a new record high

ia| at 311 following a rise in its con-

trolled Pepsi-Cola stock to a new all-time peak above $300 a share on the over-the-counter market. .Bethlehem Steel, U. S. Steel, Chrysler, Allied Chemical, Du Pont and Eastman Kodak set-up afternoon gains of a point and. more while fractional gains ruled in most other sections. BrooklynQueens Transit preferred undeposited stock jumped 4% points to a new high at 55, while Interborough Rapid Transit common also hit a new peak at 47%, up 13%. News was more favorable. Iron Age noted a change for the better in new steel business and its capital goods index rose for the firsh time since the second week in January. Electricity production in the Feb. 24 week widened its gain over a year ago to 10.3 per cent from 10.1 per cent in the preceding week. A rise to a new record high in gasoline reserves had little adverse effect on petroleum shares. World currencies weakened in relation to the United States dollar. Cotton futures fluctuated irregularly in forenoon dealings after initial firmness. Around mid-day prices were 3 points lower to 2 points higher. Opening quotations were 1 to 6 points higher.

NATION'S 1938 INCOME HIGHER

Production of Services, Goods Nearly Same As in 1929.

WASHINGTON, Feb. 28 (U. P.).— Production of goods and services in 1939 nearly equaled the 1929 record, but national income was 14 billion dollars lower, the Commerce De-

partment said today. National income—the net value of goods and services produced—in 1939 aggregated 68 billion dollars, a gain of four and one-half billion dollars or 7 per cent over the previous year. The dollar total of income produced in 1929 was $82,700,000. “The 14 billion-dollar difference between 1929 and 1939 income totals,” the Department said, “was accompanied by differences of 19 per cent in wholesale prices and 15 per cent in the cost of living. While neither of these price series is adequate for correcting the dollar figures for price changes, they indicate that the quantity of goods a=d services prodficed in 1939 was very nearly the same as that of 1929, despite the large variance in the dollar figures. “In comparing income at both ends of the decade. it is necessary to keep in mind the 8 per cent gain in population in 1939, which means that ‘real income’ (the dollar total adjustee for price changes) pe iy was smaller in 1939 than in The analysis of national income was contained in the Commerce Department’s Economic Review of 1939. It described the year as “one of progress,” but cautioned that the high rate of industrial activity recorded in December, 1939, would decline in the early part of this year as the rate of inventory accumulation fell off, Gains in production before the war began in September, the Review said, were based upon increased consumers’ outlays and larger Government orders. The recovery beginning in September, it added, was based upon producers’ efforts to anticipate needs that would develop under conditions of large-scale war.

LOCAL BICUSINESS

tended the Hartford Accident & Indemnity Co. meeting yesterday at the Columbia Club to study. auto-

|mobile and burglary insurance.

- B. V. Havens, local branch manager, presided and was assisted by 'B. C. Lawton and C. B. Ostergren, underwriters. J. W. Burden, automobile department superintendent at the company’s Chicago office, was a guest.

Insurance Agents Meet

Members of the Howard E. Nyhart Agency of the Connecticut General Life Insurance Co. met at the Columbia Club today. PF. Hobart Haviland, vice president in charge of agencies from the company’s home office, presented membership awards in the President's Club, an organization limited to outstanding representatives. Awards

" |were made to Jean Black and Rob-

Couztesy “Architecural Forum” uarter mark. Af

Striking air photo above shows Parkchester’s construction at about the. three-q ment houses similar io those in foreground will occupy open space in rear center.

Metropolitan Life. sink 50 million dollars into Park‘chester’s 129 Siwanoy Indians.

structural

| feat of flooring.

‘Success there ‘wds largely instrumental in deciding ‘the huge life insurance company to

sparsely developed acres, which once belonged to the

Some interesting construction statistics about Parkchester (which is but one of Metropolitan Life's 100,000 separate investments): 110 million bricks; 120 million pounds of ‘steels; 15 million square

ert C. Blessing of Indianapolis and Herbert J. Foelber, Ft. Wayne. Robert K. Metcalfe, manager of the claim department of the company’s home office, also was a guest,

Directory Published

More than

phone directory being distributed today, according to Crisscross Directory Publishers Co.

edition published and is Sphrozis mately one-third larger than 1934 publication, the publishers sae

DAILY PRICE INDEX

NEW YORK, Feb. 28 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):

Week Ago ressssnesraneserss- 11985 Month Ago ssssesscsessrsnensl 119.72 Year Ago Ceirnssanssesnavieell 1940 High (Jan. 2) cssessssesslod 23.34 1940 Low (

WHEAT CONTINUES

More than 75 insurance men at- :

85,000 listings are con- Elkh tained in the new Crisscross tele-

The new directory is the seventh }

Yesterday Cvsesseusessncusvisills 10 |

Other selections on the half-hour concert will be Rossini’s “Barber of Seville” Overture and “Natturne and Novelletta” by Martuceci, | 2 8 =» | Fred Allen expects spbme firsthand information on the Statue of Liberty when he interviews David Ludmerer, a guide at the Bedloe Island landmark, at 8, NBC-WIRE. He will also put the “Mighty Allen Art Players” through Ye paces of “With Admiral Allen at the South) Pole” or “Gone With tig” Penguins.”

8 8 & | THIS EV

INDIANAPOLIS ¢ WFBM_ 1230 (CBS Net.)

Kathleen Norris Golden Store : Hollywood Scattergood

Billy & Betty Hedda Hopper . H. V. Kaltenborn European News

News Lum and Abner Burns & Allen

WIRE 1400 (NBC-MBS)

Girl Alone Midstream Dick Reed 'Neills

Lady Luck Dessa Byrd Bible Questions Hoosier Sports Pleasure Time v

ysters reasure Hunt Dick Reed

Al Pearce Dr. Christian ”» ”

Pjavhouse i 1 ”» if Red, Skelton

Star Theater Fred Allen ” ” | ” ”» ” ” | ” ”

Glenn Miller ay Rhythm Roulette Ray, Kyser Indpls. Symphony | » ”»

Amos and Andy News .asketball Dick Jurgent

Sammy Kaye

Paul Sullivan

Dutters Or. Beoyeding

Phil Harris

’

INDIANAPOLIS WFBM_ 1230 (CBS Net.) Early Birds ” ”

(NBC-MBS) Dawn Patrol Markets

HEF SH EE EE

News

Freddie Miller Good Morning Ensemble Miss Julia

Buy Relly Car vr Hilltop aa Stepmother

Mary Ta, flap Life Be Big Sis Jenny’ s Stories

Dawn Patrol Easonolo er gy

Today ping Kitchen

Man I Married Other Wife Flain

BOPD | 0%ND | MII 0

David Harum Road of Lif Against Storm Guiding Light

Singin’ Sam ] Ir. .

a 33 aSa

Andes

Memories News Kitty Keene Home Circle

Lanny Ross Joyce Jordan Youth Program My Son & I

Society sin Air Schoo Air, School

rm Hou Jlarkets ‘Headlines Betty

fom fk fh | fd bo od {fod fh fod fd eon oe ve Jet ou

WIV WWW B53 | G83 | KS8aS | 6S

Valiant Li Church Hymns

Mary Marlin Ma Perkins

3-Quarter Time Hits and Bits yiliam Yirzes Smilin’ Ed

Kathleen Norris Golden Sto Holl oo Scattergood

Backstage Wife Stella Dallas Lorenzo Jones Widder Brown

Girl Alone idstream Dick Reed 0’Neills

nd Editor's ‘Daughter Par agen

Weman in White Words and eto

"Weather Home Folks

& Bob G a: Daughter ady

horn Jive” and’}*Tuxedo Junction.” ” ® 8 Foreign short wave news broade casts: London, 5:30, GSD—11.75 megacycles, GSC—9.58 meg.; Mos=cow, 6, RV96—15.24 meg. and RNE —12 meg.; Madrid, 7:25, EAQ—9.86 meg.; London, 9:30, GSC—9.58; Bere

lin, 9:50, DXB—9.61 meg. and DJC—

6:02 meg.; Paris, 10:30, TPB11—11.88 meg. and TPA4—11.71 meg.; Berlin,

11, DXB—9.61 meg. and DJC—6.02 meg.

ENING

(The Indianapolis Times is not responsible for inaccuracies in program .announcee ments caused by station chaiiges after press time.)

INDIANAPOLIS

CHICAGO WLS-WENR 870 (NBC Net.)

Radio Neighbors

Anthony. Frolics Bezgle Childs Stories Bud Barton Tom Mix

Easy ost Persons

ews Grace Wilson Johnny Presents Quick Silver

CINCINNATL WLW_ 100 (NBC-MBS)

Bitty eer Keene

k I AMLLTO vitation ne

w Lowell Thomas Pleasure Time

WS Arnold’s Or. Inside Sports

Hollywood Red Skelton ” ”

Concert Fre 1 Ted Weems ¥ 4 ana Lou Breeze ” ”» ” ” ” ”

Shield’s , Revue Kay Kyser ”» ”» Photography ” ”

10 O'clock Final

” ”» ” »

Marriage, Club Erskine Hawkins

Peter Grant ext Step Herth Trio Grift Williams

Carl Lorch Moon River ” ”»

THURSDAY PROGRAMS

| INDIANAPOLIS | WIRE_1400

INDIANAPOLIS WIBC 1050

Devotional Musketeers

Breakfast Jam ”» ”

CINCINNATI WLW_ 700 (NBC-MBS) Tex, Millie, Dollie Mornin’ Yime to Shine New

1 Singer White House

von Gap . hraval assis em a Sotton Quo

News Bright Spot

Memory TadAne

Gems in Heton

Man I Married Other Wile Plain Bill String Melodies

Linda’s Love Road of Life Against Storm Guiding Light Happiness ills

Friendly, House

Public Libary Varieties

Noonday, Rhythms

Malone aa ot “Courare Checkerboard Time Farm Hour

nee and Girl

nch Boys Ellen Randolph Editor's Daugher Peter Grant

Toei, Sutton Musicale Betty and Bo, ter rimm’s Dau Community Hall ant La ay Haven of Res Church Hymns Piano Moods Mar Marlin Roy Wallace a Perkins Congert ,Hour Fever Sung

Backstage Wife Stella Dallas Miss Julia Beautiful Life

Kitty Keene Midstream Jack Armstrong Guideposts

1 Jones

3 O'Clock Club Honolulu Reanest ,Time

Dr. Swing Question-air Around Town

KEY NETWORK STATIONS (Subject to change): CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. NBC-BLUE—WIJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350, NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ; 670. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850,

STRONG AT CHICAGO

Wheat prices continued strong on the Chicago Board of Trade today under the influence of strength at Winnipeg and indications of good export business in Canadian wheat. At the close of the first hour wheat was up 3% to I cent with May at $1.027% a bushel. Corn was 1, to 5% cent higher, oats up % to 3% cent and rye up % to % cent higher, Buying by shorts exerted a considerable influence at the opening and prospects of damage fo winter crops in Europe was considered a factor. Most conspictiious buying was by houses with Eastern connections according to brokers. Small selling was regarded mostly as hedging against puchiges of loan wheat.

WAGON WHEAT Indianapolis rain elevators are paying for No. 1 red wheat, 96c; subject to market change; Suer grades on their merits. Cash corn, llow, shelled, 51c; No. white, shelled, 57c: No. 2 white oats, 36c.

Chen Stocks

igh

Pro arr oy PL cecececs

sessessne esses

Incorporations

ae atl a, “of ner lack Sparklig Water.” Class 44; Bi bevera fess County Ifotor Co., Inc. wie: gion amendment > changing name Stephenson Holding Corp. Indianapolis; disso uti Co., Ie. re ch, of address to 15¢ BE. Marke Indianapolis. . 1, Cro t; Ru ca on I id oi Bes educational and (chariial able Molek, Frances Kosmals, Mary lator

Bast Chicago: Oak

to Ward and Hudson, Inc. ncoln Packing Franciscan ' Sisters of _8t. Shotitutions: Catherine : Osins|

same address par vajue: Re ricuttural and live stock De i onlay Price, W. ayme atl Builders, Inc., Elkhart; Indiana sell" ¥. Baile id indian Sgtel res 2 ou ar ; ar Allen, Ray Co

ne “40s, Kahn Bldg., Int, Harriett Norton, same address; 100 “shares witaout par vate: dealing in women's apparel; el; Harriet Noreanor Hoffman, he George ge Bi aan “Go. ios nt 8 E. "i » ik 35 Ol on n, iapae ddr. ress: 7000 ward

0] Br ai ie ,_ PT ng a A. peterson: James W. Javier, Johnse H.

pis! 1}

See Final Edition of the Times gy for i Closing Stock (Puotations and Other Lute News

CHICAGO, Feb. 28 (U. P).—|/

Curb Stocks

High Alum Co Am ..1 Cc 7

Net | Low Last Change 160 160% + Ya * 5 Fh a —1-18 a

t1 ath Ir Wks.. ir dee. 3ell Air ..... Bellanca Air .. s Brewster Aero.. 157% Buniket Hill & 8 127% Can Marconi .. 1% Carrier col ow 13 Cent St Elec.. Chi Flex Shatt n Cities Serv _... Decca Bec Inc.. 9 Divco n Tr.. 9 5 le Pither L. 10% -

RL Bd Lame 8 of 7% qui BL Ret’ .e 1% Glen Men ee. 6Y2 Gulf Oil ...... : Hecla Min +... 6% Int Petrol .... 185 Int'l Vitam ..... Irving Als eran 165, Jacobs Ci 21

SEsess 8

Ww iH 4 4 .

No Am L&P Pantepec on v 5% Pennroad .... Bhoenix Sec .. ! 10%

Last | Sherwi

Technicolor oh Un CEA Pwr TH be

Un oe 1 Us Lines ‘pt... 5%

BUSINESS AT A GLANCE

By UNITED PRESS American Petroleum Institute re-

: | ports week ended Feb. 24 crude oil

output averaged 3,732,100 barrels

{2| daily vs. 3,717,950 previous week and

3,328,850 year ago; gasoline stocks 96,719,000 barrels, record high, vs. 93,985,000 previous week and 3

21452,000 year ago.

Edison Electric Institute reports week ended Feb. 24 electricity output 2,455,285,000 kwhs. lowest for any week since Dec. 30 but 10.3 per cent over year ago; previous week 2,475,574,000 kwhs., up 10. 1 per cent from year ago. American Bank Note Co. 1938 consolidated net loss $102,611 vs. net profit $38,967 or 43 cents a 6 per cent preferred share.in 1938. . Celluloid Corp. and subsidiaries 1939 net profit $202,826 equal to $1.45 a cumulative preferred share vs. net loss $194,131 in 1938. - Commonwealth & Southern Corp. and subsidiaries 12 months ended Jan. 31 net income $13,499,459 equal to 13 cents a common: share vs." $10,586,566 or 5 cents previous 13 months; January net income $l,581,291 vs. $1,495,396 ‘year ago. > Postal Telegraph Land Line Syse tem 1939 net loss $4,099,730 vs. $4,= 042,518 in 1938; December net loss $316,979 vs. $282,135 year ago. rs Radiomarine Corp. of America 1939 net income $140,680 vs. $155,142 in 1938; December net income $10,= 131 vs. net loss $6,597 year ago. Server, Inc, January quarter net profit 354,166 vs. $278,484 year 8go.

crop around 118,020,000 bushels, one

of the smallest. in Hany years, and:

(Feb, 19), seresesse lial

RA I IN Og ol ere gE AI oH le AM cB re