Indianapolis Times, Indianapolis, Marion County, 1 March 1940 — Page 31

NEW YORK, March 1—In the last month various persons have talked about all the new ideas and

inventions lying around which could |

be made the basis of new industries if only conditions encouraged taking risks. This id=a that the capitalist sys-

tem depends entirely for new investment upon the rise of new industries is a little overdone and very much confused.

At intervals great new industries, like the automobile industry, the electrical industry, the movies, the radio, came along. But they are really rare, come at long intervals, sometimes produce new jobs and sometimes abolish jobs. The movie industry produced jobs, created theaters and presently created a demand for big and little orchestras in thousands of movie houses. But the sound pictures came along and abolished most of the orchestra jobs. The new inventions and new industries we certainly need. But we cannot depend on them. There is no rhythmic flow of them.

“ # 8

WHAT WE HAVE to depend on chiefly for investment is not new industries, but new enterprises in old industries. The grocery business is not new. But every year the small investor may take his chances on starting a grocery store here or there. He does not begin a new industry. He begins a new enterprise in an old industry, neighborhod, or a new idea for aM grocery, or a new location or an old|; location where he feels existing grocers are not giving the best service. It is so in all industries. The thing that will kill the capi_talist system will be a condition where it will be difficult for men to start new enterprises in old industries. A bunch of congressmen headed by Congressman Voorhis has decided to study the unemployment problem, without the benefit of. experts. They might look into this subject. Are there any conditions among us which make it difficult or impossible for men to start new enterprises—new ‘stores or shops—in old industries? #8 THERE ARE PLENTY of reasons to believe that there are. I suggest ‘several. Modern industrial tendency is towafd huge establishments. The

HEAVIER HOGS

ers took the limited supply of cattle at steady prices.

Feb. 4

Medium — Slaughter Cattle & Vealers (Receipts, 383)

because he finds a new/|ll Co

Mixed—

Chol

750- "900

Medium. . Cutter and soli

Canner..

Good and choice ...... “eeees..$10.00-10.15 Medium and good 9.50- 9.75 Common

Good and choice fied Common and medium .....

GAIN; LIGHTER

"NE Ww YORK STOCKS

Abbott Lab

High oo - 60%

WEIGHTS DROP

To 210-Pounders at - Stockyards Here.

Rcpts.| Feb. Top Dp 00! 29

5.70 8 5 11,500IMarch > 6700

5.60

Top Rcpts. 5.60 Jo21

6112

2 2 ae . 5.65

28 erer

Barrows and Gils | Paciin Sows. geod an gn 270- 500. % :. Ie 50- 4.65 330 360 4.45-

ye Am Am Am Mo Am

Am & F Pwr.. Rm&F Pr $6 pf 19 AmM&F I 7

Vealers|Am

Top Quoted at $5.65 on 200 Hie:

Am Hogs sold in a two-way ‘market Am hs at the Union Stockyards here today, according tc the Agricultural Marketing Service. Weights up to 200 pounds sold|j steady to 5 cents lower. Weights from 200 to 210 pounds were 5 cents higher while those over 210 pounds were 15 cents higher. 3 Top price quoted was $5.65 on

the 200 to 210-pounders. were steady with a $11.50 top. Buy-

13 1% of. 3 23

bt 16 iy pt 67%

Safe Razor 12%

Seating eee 10%

Am Sm Am Am Am Am Am Am. A

Am Am on ois Anch Hock GI . Anch H Gl pi 156 Arch-Dan-M 35

i 4% a

4.30- 4.50 4.10- 4.40 3.90- 1.20

500. 3.7 Slaughter Pigs | Medium and Good— 90- 120 3.00- 2.90

00- . 330- 360.

160- 220. 4.50- 5.25]

Bulls (Yearlinoe excluded) G ...$ 6.50- 7.00

od dk pd ooo = . OOS tarsus NUIalad DUI]

— 1 fh ph oh fea

vl bd pd pt

So ao; cooo

75- 4.00] 4

£50. 7. 20 ]

Bald

Bal Balt & Op 6% Bangor S Par ‘pt 44% ker 1%

3ar

10.30-11.50 d

1 wooo a NN oooh Nel. & 888 o

- 9.00 med 160- 0-1300 7.50- 8.75 c 00- 7.00

u. : Feeijer, Stocker 750-1000. ~ 6.50- 7.50 Cattle, Calves Steers, Heifers (Recelpis, 434)

- - Choice— 500- 750 9.75-10.75 9.00- 9.75

an .e 30-1050 B

00d — 500- 800. 500- 750 8.25- 9.75 S165. pg eitors

ood— 500- 800. 1050. edium— 9.28-10.75 001000. 8.25- 9.50 COMMU.

5007.25- 8.50 Calves (steers) 6.00-

and Choice 25] 530 down 9.25- 12 00

edium— 500 down.. 8.00-

wn. 9.25 |B Calves (heifers)

dd— 3, down. 8.50- 9.50 common 4.50 3 50) Mediu! .4.00- 500 Ho 7.50- 8.75

SHEEP AND tha (Receipts, 341) : Lambs

.15- 8.75

730+ "500 7.00- 8.00,

edium— 500- 900 ommon— 500- 900

| 5- 7.00 .50- 6.25

Cows Good ....§$. gz

Ewes (on shorn basis) 4.00- ‘5.00

2.75- 4.00

6.00- 7.00 B

Ce Ce

an el

elt .... Stl Fdies Sugar

- 43%

. os Sukar pr. | . 92%

72% Tab oe 1% Pe PF. 5% ave.

W.. 9% Woolen pt. 41% nc

Aviation Corp .

Loco ct.. t & Ohio ..

Bros ...

3rew Cp Am Bdgept Brass ..

8.50- 9.00 | Bkly 3 00- 9.00 B

3 Birnrgton M.. Burroughs Bush Butler Bros Butte Cop &

erm ....

Cal Packin

Gajerpiliar T us Celanese Celanese wr Dt; 111% oiex . 11% otex

CL 32 in

Net Lest Change

66%

48% tis

10%s 174 4Ys

54 a 13% L 10%

1 129

-3 A Ce Waa Aaa

- Lo OR) 3

1, | Yesterday

pep QAO00

Leif: a

gesea

By UNITED PrEss DOW-JONES STOCK AVERAGES

80 INDUSTRIALS

tescessesscssaesss 146.54 Week ARO cccevsvcensscncce 1471.35 Month ago Year ago

S000 0 svt ssencny 145.33

seessenserescnsiss 148.76

High, 1040, 152.80; low, 144.65. High, 1939, 155.92; low, 121.44.

Yesterday Week 2880 .c.cccvcvvenonscnss 30.62

20 RAILROADS sesesscsssccsssses 30.48

High, 1940, 32.67; low, 80.15. High, 1939, 35.90; low, 24.14.

15 UTILITIES

Yesterday ccc.ccocsscncgesces 24.64 Week ago Month BLO scccsososnsssbocnse 24.69 Year 880 ....cccviseniescnns

essesceencsssscscs 20.05 26.05

High, 1940, 206.45; “low, ‘24.61. High, 1939, 27.10; low, 20.71.

Gre: Tey Rd si os i Guant Sug “i aia

Hall Print ..... 19

Somestake \ Houd-Her A Houd-Her = Househd FP Houston Oil” Howe Sound .

“Net Last Change | 23% .

11% 3% —H

cues vos cee ves

Bs & Man pt:

Hu Hudson Mot ...

Hupp Motor soe

| aa

- &~

I: + ’

FES ®

; Harvester oe e El A.

arise. .

++: H+

. . . .

: ast I+: Sep we

[RE . se oe 0

B8BuBEEEaREES ee a

Jarvis Johns-Man ....

Lig:

of Lone

Macy

Kalamazoo Kennecott Keystone 8t1 .. Kimberly Ki

an Rymiidcts 194

sstee

Clk

RH .. Sa

t Nickel ... P&

LeIiYPe ccocoe

1 i

. 3

DR ‘G & B i

Lambers © G vof.. 14% Leh ¥ ] on Lerner Strs .. L-O-F Glass Libby McN & R & My

Sta LLoose-W 2 Bissar 198 1084, Lorillard ..c... i 08:4

eu or Wo

-=0.02 -—0.99 +0.10 +1.80

= 8 t5 se a

Hakata

thi

Ye Zenith Rad.....

UTILITIES SAG:

& LES

a : High low Deans E2 mrgh oo

aos El 57 ot be &

Last Change

Eases 1X I+] IRI HHL

o on - BI6O «4b HO BI CON =I HEL DI 4 >

Pac oar .2 in Alreratt Vas 8

et of 00

LIDS arsed OD ps C0

Ee SE

a = "Y

f eves

d Zep

2 IDC Cd ~The CO CI pt OO)

28 o

SUnnunnnnnn 8

gddadddddaad

B re

Van Raalte ... 389 an a + B 3% Te?

Va-Car Fw . 3 I C&C of 4 A

Walgreen ... Jalker (H) Jalworth

+ 1%

2 =n

> =F

foodward Tron 24% Sethiston’".: 18%, 18% Joltutad co HE Young Sheet .. 40% ad... 3% 3% 3

17% 40

LIST IS MIXED

i, : : .|Some Shares Hit New Lows

Following SEC Action; Motors Slump.

NEW YORK, March 1 (U. P.).— Weakness in utilities unsettled the stock market today. Many utilities” touched new lows. Action of the Securities and Exchange Commission in instituting integration proceedings against two holding companies—Electric Bond & Share and Engineers Public Service—was the main factor in the

Z| utility selling.

New lows were made by Electric

/s|Bond & Share on the Curb and by

% |several® utilities on the Big Board,

including United Gas Improvement, Columbia Gas; Electric Power & Light issues, Engineers Public Service, North American and American & Foreign Power issues. Losses ranged to 2 points in the preferred stocks.

|Furrier Plans Circle Shop; Cooper Studio in Noy Site

David Rosenberg, Indianapolis furrier, will move to a Circle location in the English Hotel Building about May 15. Negotiations for the storeroom were completed yester-

day by W. A. Brennan, Inc., down/s|town property management firm.

The store will ‘be at 116 Monu/a| ment Circle. It will be 90 feet "| deep ahd have a frontage of 20 feet on ‘the Circle, according to Mr. The =n will remodel the quarters and will install modern fur- ,, | working equipment in addition to carrying on its retail business. It will specialize in manufacturing, restyling, repairing and storage of fur garments. Mr. Rosenberg has ben identified with the fur business in Indianapolis 42 years. Before he organized his own firm in 1922 he was as- * | sociated with the Selig Dry Goods Co. His son, Joseph Rosenberg, a graduate of the Mitchell Fashion Designing School at New York City, will be associated with Mr. Rosen-=

Cooper Studio, Inc, located for 53 years at 206% E. New York St., today moved into new quarters at 334 Massachusetts Ave. The studio will begin operations at the new address Monday and will have a formal opening on or about March 15. Urban Pflum, firm president, said that at the Massachusetts Ave. lo-~ cation everything would be new “from top to bottom.” A darkroom and portrait studio have been built, as have a finishing department and commercial studio. Feature of the store will be a complete camera equipment display. A new entrance and building front of masonite in black and silver will be built later, Mr. Pflum said. The firm will occupy. the first floor and the basement, which will be used as a supply and chemical room. Other ' officers of the firm are Joseph J. Pflum, vice president, and Mrs. Urban Pfum, secretary-treas-urer.

WAGON WHEAT

Indianapolis grein gevalors for No. 1 bed ha subjec t to Ohne

Leon Cohen, owner of the Hons Paint & Linoleum Co., 311 E, Wash .

opening of a branch store at 320 We Washington St. Special prices on floor ‘coverings

goleum and Pahco are in. force for : the ope

and the need of a store more con= venient to West Side customers resulted in the opening. Several more employees have been hired, invens tories have been increased and additional trucks for deliveries have been engaged, he said. The company makes city-wide des liveries twice a day. In addition to linoleum the store carries lines of paints, enamel, varnish and wax. ‘Waine Hevelin, former manager of the T. O. Bryant Paint Co. of Kokomo, Ind. is manager of the branch. : :

Radio Schedule and Column on Page 29 of This Edition.

berg.

hange; ther rsdn on their merits, Sash

ow, Valte. shelled.” te: ‘No. 2

¢: No. outta gate 360.

L.S. AYRES & CO.

COMPLETE MEN'S STORE ® SOUTH BUILDING

Ayres’ Men's Store

CHICAGO LIVESTOCK . Steel shares sagged fractionally.

bigger the establishment, the more

Cent AEnirre .e

money is required to start a. new one, the fewer people have the money, and the greater risk to begin with. Bigness everywhere makes for difficulty in starting new enterprises. This at least is worth con-|w sidering. Men in every business are trying to make it difficult for newcomers

S Ry sales § $5.60; 5.250 270-320-1b. averages generally

active cleanup trade; prices mostly steady with instances stron

—Receipts, 9000; goon & folly. steady; gull on weights late o 10 Seis lower Beg AL ys; top, bulk 230d and choice 180-240 ibs., 5.55; 240-270-lb. butchers 5a5- 35;

[email protected]' eavier weights aroun good. “00: 550-1b. Packing sows, $4. 5 Gd, 5 lighter weights up bo 4.65. Cattle—Receipts, 1000; calves, 300; fairly

on Cows; Lommon ood steers, age [email protected]; best year$10.40; avera, ing around 1050 Ibs.;

53% 38

r. 33% 23

BIG Cobo

V M V V M V Mc!

M cIntyre Porc. cKeesport .

Melville Sh prey

of. idland Stl ... $i inn-Moline 0-K Tex pf . o Pac pf . onsanto pf A. 117% ont Ward .

arine ark st Ryprpf ni Fld

2iiha 1 diani artin Parry . 13 ay ry Ss .

109 50% 15 i 11%, 24%,

308

. 53%

11 5

Ir CIC) CI hn 1

Motors dipped when Ward's announced a small decline in auto production. Fractional losses were registered in most leading issues. Allied Chemical, however, was down more than a point.

Curb Stocks

SCOTSTWEED TOPCOAT .....

Mas Your Topeoat |

26.50

to enter their field. They have combinations which make it difficult $3.7 for the newcomer to get credit or to get customers. In some cases they have bargains with labor groups which makes it Gificult for them to get labor. Labor unions have rules which make it difficult or impossible for men to enter old 'crafts—drastic apPrentice rules, high union initiation fees, etc. These two things—bigness and $10. competition—-are tending to strangle new enterprise. :

good $9.50; $8.50 downward; most ‘canner COWS, 4.25; cutters up to $5.25; common to medium beef cows mostly [email protected]; sprinkling good kinds up to $6.75; practical limit Wy sausage bulls, $7; vealers mostly $11. down; few selects, $12, hn Rea 6000; late Thursday fat lambs closing mostly, 10 to 15 cents lowier; clipped offerings declining more; 39D: $10 to all ee for fed Westerns; bulk this elas WL [email protected]; double 115-lb. averfees. 3 9.35; most cli ped lambs, $8.15@ sheep and yearlings around steady; nothing strictly "choice off trade active: fat lambs 10

e; d range lambs, $9. Soo1 10; few, elosely sorted fed range lambs, ; handy weights freshly shorn lambs,

[= Db «34 00

Nes RY aif hanes Made from imported Scottish yarn. Smartly tailored with set-in or raglan sleeves. Shower-

: prof, a great spring coat,

—

Hi ‘ 39 Alum Co An. . 16! unsingwear. . % 1 2 ; Cyan >

urray

05 Col Broadcast A 24%a Col Broadcast B 24% Colum. Gas :.. Col Gas oe A. 88 Col Pictures vtec 9 4

sseces css

¥ry

Sa : —

= a] ~ N

DY : t th Edison 3 ' Cong-Nairn .. Cons: Cigar . Ci Aircraft .

Corp Brewster Aero’. . rown Co pf... 2 Carib ‘Synd .... Catalin CP «ace Cities Serv

jes Ser v pf. . Colon Dev Ltd.. ol O&G

a ND heb bb BND bt bd fd ND fk fd fod +1 -

DD bt tt ft DD fod pt pd 3

00 += BI 4 DI CI d 2 DBI it 3

'GABARDINE

TOPCOAT ..... 21.30

All-worsted gabardine in full-cut raglan style with fly front and bal collar. An all-weather spring topcoat. Tan and dark olive colors.

wanis Tweep » 90.00

A genuine imported Harris tweed fabric in a smartly-styled coat with set-in sleeves, bal collar, 4 rows of stitching ‘around cuffs and bottom. Unequalled for wear, showerproof. Also set-in sleeves or raglan with lapel.

C———

pet ow

31%; Edison pt 1082 Laundries. 4 Qil 3

BI O35 = in es N' Fo i QWIN

Te ed

Cob bt i © 4 DD FS

lid HH HE

Pa «aa

Noblite-Bparks Norf & Hest.. 216 No Amer 8% ‘pf of 0 mer No Am Avn + » + 34%

No Pacific 43% vig

OILY bb BOON DE Ian

Norwalk T ‘pf..

Dn SEEFSSRTSS

pty IN

Crn Cork: cu “pt 4 Crown Zeller ;

Curt A pf . Curtiss-Wr .... Curtiss-Wr A..

Ohio Oil 65 Oliver Farm Eq 2 0% 207, Sma ibus gn ui O 10872 15% Owens ii Glass 61% 61

SU ih

=O Bead FS

Bran -

4% 16%, 21% 19%

202 39%

19 20% 81% Sa 153%; 153% 18 HE 184 4 125% 125%, | 125Y% wi 151% 76% 17

down.

ac: Am Fish .. 5Y% pag G&EL 4 Toa So: 160

1b $5 lbs. $5.35: 240- 260 1h 5 28 0-300 b Un Wall Paper. S.. Wright Harg ..

LOCAL ISSUES

The following quotations by the Indian apolis Bon Share Corp. do not represent actual price offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Bid Ask Agents Finance Co com Belt RR & Stk Yds com..... Belt RR _& Stk x pfd..

' fat sheep scarce; steady; Sad lost ii weight feeding lambs, : . OTHER LIVESTOCK - WHEAT DIPS CENT INCINNATI, March 1 (U. P.).—Hog : Setapls. 2800; Sot tal, 3000; holdovers, B50. IN CHICAGO Uneven, sows eady to strong; top $5.70; | C - - TRADE 225-250 ths. 35. 55: 100 140 hee [email protected]; c SOWS, A : ; Cattle—Receipts, 300; calves, 250. Su : CHICAGO, March 1 (U. P.). —|ply Jjznt, market about steady. a4 lots merely {oo 18. eifers aroun Wheah Jeclined ae han 2 cent|8.15; common t to medium steers and Jair: ago. ‘Board o e to- 0 0; < Steers, day under. pressure of stop loss $5.506.50- rare, utters Ro selling and Indications of precipita- $3753.25} Recent 106 Id oh vig tion in the Southwest over the week- Suppiy, Goo choice trucked in end. » Wooled Tai listed; $9.50@10; common nd medium, [email protected]; slaughter ewes, At the close of the: first hour $2500 SSYrTE And. March 110. P) a 3 wheat ‘prices were off 1% to 1%. Light hogs, Ks ‘to 10 cents lower; eins cents with May at $1.01% a bushel. 2 Bass 20 23 sents higher; 5225200 Corn was unchanged to off % cent, 30’ toe 54.60 050g: Puig 200: Wim oats % to % cent lower and rye 1 roughs. Si Ca a i 1 1%4 cents lower. Soy beans were| FT. WA Ind, Ho 1 0s Bl -2 s. cent off. ; 0-180" 1 5.35.35: 220-240 Del ———————— ie U. S. STATEMENT : WASHINGTON, March 1 (U. P.).—Government expenses and receipts for the current fiscal year through Feb. 28, compared with a year ago

«a

50. ghs, 11; lambs, $0'50. pa" Chom a ates Du Pont of ..

320.38 FOOD PRICES

2 1596. 483 CHICAGO, March 1 (U. 2) a 6 | Michigan Mackintosh, bu. Sweet Potatoes—Tennessee, 1.50. Celery—Michigan, Tomatoes—Mexican s Spinach—Texas, bu., INDIAN APOLEY CLEAR ower —Ealfornia Phates : [email protected], ING HOUSE ITO alifornia =. cra Glearings $3,173,000 Onion Market (50- “Ib. sacks) —Idaho Sweet Debit 8,481,000 Spanish, 80@82%c

3, 4

ore 2

5 OJ

Faas

East Roda East Kod Elec

152 Ie {Ea 8

. 89 3% 3% . 2214

Penney enn Coal&C * oo Penn Penn RE Peoples Dr .... Peoples Gas . 2t Corp: Am. eiffer Brew helps Dodge hil Morris ...

omits; Gt

26g

OBI 60 AI BO Lo

, 45 ‘873.31 17.0

es..18716! Customs .. 2 '210,299.(

= FE

e T&T Ft Wayne 7% pid. Ind % Mich Elec iP pid... .. Ind Gen Serv re *Ind Hydro = ee he od’. Indpls Gas . s | Indpls PEL See aden 106% Indpls P& ex deas] Indpls W Lincoln N Inc N Ind Ind

DEAE

+ 5 =

Eng Pub Ex-cell-o

REVERSIBLE

TOPCOAT 30.00

Gabardine on one side, tweed on the other, with a patented bottom facing. Easy-fitting raglan style with bal collar.

sr West-of-England

COVERT GOAT. . 43.00

Dressier type imported British fabric, cut over smart English patterns. Set-in sleeve and réglan shoulder model.

Fair Morse ... Fajordn Sug ... 27Y,

No. 29 Your Federal Income Tax

SEaneEm g'y og J

. ee sn cee 0

tirestone T ... 20% Pirestone pf A 104%, First Strs .. 45% Plintkote . 193 "lorence

l Ea

Pu 7% pf Fi So Ind Gas & Elec 35% Bid 1101 Terre Haute Elec 99 Union Title Co or i Van Camp Milk fd Van Camp Milk com.... Bonds

American Loan 5s 51.. American Loan 5s 4 gitizons Ind Te 1 4128 61 Crabbs-Revnolds-Taylor Co 5s Pt Wayne 5%% * 103

Pure Oil ....... Purity Bak-....

+: v

Proceeds From Life Insurance Policies Paid on Death of Insured Exempt From Taxes.

# 2 EJ ” ” 2 Items Exempt From Tax

Certain items are specifically exempt from the income tax and need not be included in sthe taxpayer’ Ss return of grdss income, Among such items are the proceeds from life insurance policies paid by reason of the death of the insured. Amount received (other than amounts paid by reason of the death of the insured and

interest payments on such amounts and other than

amounts received as annuities) under a life insurance or endowment contract, which are less than or exactly equal to the premiums or consideration paid therefor, are exempt from Federal income tax. Any excess received over the consideration paid is taxable. Amounts received as an annuity under an annuity or endowment, contract shall be included in gross income; except that . each year the excess of the amount received over 3 per cent of the aggregate premiums or consideration paid for the annuity is tax-free until the aggregate of such sums excluded from gross income for the taxable year 1939 and prior years equals the ag- Co cis gregate. premiums or consideration paid for the annuity. Beighon Brew oo X : o 2 ” F) 2 » Butler Bros

. Sout Cold Stor “There are also exempt from tax amounts received by gift, Cent & SW Ut Bogteer, devise, or inheritance; interest on obligations of the District of Columbia, any Territory, State, county, or municipality; interest on certain bonds issued by the United States Government or its possessicns, and on Federal farm loan bonds; amounts received through accident or health insurance or under workmen's Hl Brick. compensation acts for personal injury or sickness, and damages re- pshury - Br. ceived on account of such injuries or sickness. Fin Pensions and compehsation received by veterans from the. Mod United States aré exempt; and pensions received from the United States by the’f: y of a veteran for services rendered by the : veteran to the United States in time of war are exempt, as gifts. ‘There is also exempt from the Federal income tax the rental valus of a dwelling house and appurtenances thereof furnished minister of the gospel as part of ‘his compensation. Other “excluded from gross income are alimony and an allowance on a separation agreement.

8 Preept-Sulphur. 34 . Quaker St Oil..

Gair -Robt Gair Robt Gamewell Gen Am Inv ... Am Tr. .... Baking

sees rene

14)

Kokomo Water Werks 5% 58..105 Ruhner Packing Co 42% ok Moryis 5&10 Stores 5% - 50 pint, Wate, Vika bo 6 osiery oily NOTed Bab. Sery 33 i 103 Te, Co 420% 58 iiss a

i nd wal Wks 5% Fre h > ah or. *Ex-Dividen eg iy

DAILY PRICE INDEX NEW YORK, March 1.—(UP)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): = Yesterday Cone ns sensi cas ve J1054 Week ago. vvsavsietisieiasces 11050 Month ago 23839800 000909400 80 119.36 Year essssesaesnneee ers .106.12 1940 high (Jan. 2) serenn re +1288 1940 low (Feb. 14)... .0...:11831

FOREIGN EXCHANGE

NEW YORK, March 1 (U. P.).—Following are Soon cable rates on major. cur-

rengles; Cable _ Net

ge gms und) ee... $3. ae iy “iee) trine). sii :

Y averern |

Finfand (mafia

53% . 1715

A .. 29 28%

i+ +: |

12 3

102 105 80%

r &

Nae

‘ Socony-Vatuam’ Borns Grevh 1 So Cal _E

High Allkeq g Lab ING ccvevesin 30

aC DI NB ROE B03 Di ta Sh

SANE

3 feet feet ND pet DD fo DD DI 1) eb fd ft BBR RSD 2

Soe

. srevssece

KUPPENHEIMER

SURI COAT . .. 45.00

‘The soft, luxurious fabric that is unequalled in feel and good looks. Tab raglan style, butten through. Typical Kuppenheimer tai.

loring. S———-

CLONAL Ses wr Te

& ORE

~oliges

Chgo Cor Comwith "Ba Consol ol

DIDI += RE + ..

ba 25%

HELE: 14:

go osau EERE Bec

aed 2

CO po

Ya : af, “nN 27 Texas exas

«© = w —-

Ra cresanaes 93

uaker Bata’ sasesen ein 118% Bain aking. vos .

“Cori

. . . “

acl i

ht se

These Coats May Be Account, Ask Your

: v BES ncn.a es

SRR eH

So i