Indianapolis Times, Indianapolis, Marion County, 20 March 1940 — Page 19

, March 20.—The end of war gives us all a breathing space to survey. the conduct of all| the powers which man- . aged to horn in on the fringes of that tragedy. From the moment that . Russia attacked Finland it was, of Course, perfectly obvious that Ruse sia would defeat Finland. The Finns put up a gallant fight. They were aided by the terrible winter which makes military operations so difficult, so that they seemed to be doing much better than she facts warranted. The whole world, of course. gave up a swift and warm sympathy to

Profit Teton, i Halts Rise Led by Aircrafts and ; Steels.

NEW YORK STOCKS _

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- NEW YORE. March 20 (U. B) — on Am Ci

Elimination of “peace fears” brought

a recovery into the stock market to-| Ams Card]

day. . | a Trading picked = for a time when (4

war issues were in demand at rising prices. Aircrafts and steels featured in the early recovery and showed gains ranging to more than 2 points.

Other sections followed at: a Slower 4

pace. ‘Profit-taking developed ‘in the

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By UNITED PRESS

30 INDUSTRIALS Yesterday .....c.c.ceecee.i. 146.48 Week AZO ....o.cctetiecces. 148.32 Month ‘AZO ..ceessconsens..s 148.34 Year AO ......ccuivevease... 139.51 High (1940). 152.80; Low, 144.65. High (1989), 155.92; Low, 121.44. 20 RAILROADS

+0.84 -—0.05 0.31

29.95 Week AZO ..c.ceccecvcccsces 30.67 Month AO ..eccsvvessccsees 30.81 Year AO .. Miciiessiens;e. 28.96 High (1940), 32.67; Low, 29.78. High (1939), 35.90; Low, 24.14.

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Yesterday Week Ago . ose Month AZO ...cccovceecsssns 25.08 cessases 283.26 High (1940), 26.45; Low, 24.03. High (1989), 27.10; Low, 20.71.

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DOW-JONES STOCK AVERAGES

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OHICAGO, ‘March 20 (U. Pp). se Sears, Roebuck & Co. made a net profit of $37,265,274, the highest in the company’s history, during the 1039 fiscal year, officials said today | in their annual report to stock-| holders. <1 The net income figure smoiojol | to $6.60 a share as compared with || $23,354,364 or $4.18 a share for the| previous fiscal year. The previous|

1937 when the company made $30,,820,248. The company’s fiscal year | runs from Feb.;1 to Jan. 31. : } The record earnings were attri- | buted largely to improved economic | conditions. However, development | work of the past few years and a| more liberal time-payment policy | put into effect during 1939 werel cited as important factors in" the | increase. ¢

high for earnings was established in | |

Promoted Here

William E. Schaefer has been

TAYSTEE DRIVERS PRESENTED AWARDS

Thirty-five sales employees of the Taystee Bread Oo. 957 W. New York St., have received ‘awards for:

|driving from one to 12 years with=

out an accident. Their cumulative

| mileage totaled 3,416, 679 miles.

Orville Kendall received nine

| |shares of stock, having driven 12 1

years without an accident. Frank Paulus and Paul Whitaker each received three shares of stock for driving nine accidentless years.. Two shares of stock .were given to Rob- | ert Morris for driving sevem years without an accident. Perfect four-year driving records won ruby rings for Roy Wiley, J.T. | Maris, Walter. Jones, Paul De Vault and George Dugger. Gold wrist | watches were given for three years driving without accidents to George | Ienz, Dale Powner, ed | Schulz, | Henry Winters, Morris Syester, Ruel Hudelson, Ralph Conner, Lee ‘Haw-

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the unhappy nation ruthlessly at-|afternoon and the rise halted with tacked by a giant. But the whole volume lightening. Early leaders re-|A world knew quite well that ng|tained a good share of their advance amount of sympathy could save the although some other issues turned 4 Finns. However, variGus groups of (irregular. nations had separate and varying| Gains of a point and more were |4 - interests involved. And each one of retained by Bethlehem, Douglas ‘them behaved wholly in accordance|ajreraft and U. 8, Steel. Coppers ‘with their respective interests and held fractional gains. Motors were|Am Wool | ‘not in accordance with the interest|narrowly mixed. Railroad issues held | Anaconda of the Finns. well. Utilities were steady. 4 ® # = Aside from war - developments,

SWEDEN AND NORWAY were Principal market news was a series particularly concerned. There was|0f favorable corporation reports. ‘great danger that if the war con-|Douglas recei®ed a $600,000 plane | tinued they would become involved. order and issued its earnings state- | They sympathized with Finland, but {ment for the fiscal year ending Nov. | they did not want to over-run by |30 showing net equal to $4.81 a share, Russia. So they behaved wholly in|aaginst $3.76 in the previous year. harmony with their desire for safety. Gasoline inventories rose to a .rec- . They urged the Finns to make peace, {ord hight Electricity output held ald Loco dr ' even though that peace meant the nearly 11 per cent over 1939. fs loss of important territory to Fin- The pound sterling dropped more |’ land. than 2 cents while other major Eu- |; England and France 23% sympa- [TOpean currencies generally eased: thized with Finland, But they had |silghtly in dollar terms. an interest in having the war con-| The pound opened at $3.73%, off tinue. e attack by Russia played |2 cents and by mid-day the loss had into their hands in several ways. been extended to 2% points. French First of all, it acted as a %errifig|francs were do | poins to 2.11% | stimulant upon the hearts of alicents. | peoples against the hated dictators.| Intensification of the war promptMoreover it had a powerful effect|ed speculative demand for major|g - upon the neutrals around Germany. commodity futures. Rubber, wheat, hides, sugar - and cotton—the so- : called “war staples”— advanced. | ND FRANCE have Cotton futures gained as rauch as _ been intriguing to find some way of 80, cents a bale on trade and spot

Stockholders received a total of | promoted t6 foreman of the phys- [hee and John Mullis. $23,876,712 last year, comprising the ical testing’ and chemistry labora~ regular quarterly ‘dividends of 75] tory at the United States Rubber

cents and a special dividend . of ! <l $1.25 a share paid Dec. 11, the re- | Co. plant here. Mr. Schaefer, who port Showsd. fal 3 3 | graduated from Indiana Central or’ cap an. 31 was $164,~ College in 1935, received his earlier 261,661, an increase of $15,888,578 | over the figure for Jan. 31, 1939,| Schooling at Tell City, Ind. The report showed a total inven- : tories for the close of the fiscal year at $112,584,216 or $17,727,197

HEAVIER HOGS CENTS LOWER Radio A, ‘and columh Jone or at the close of the pre-!| are on Page 15 of this edition.

Top Prite Falls to $5.40 in — = ‘Trade at Stockyards; 3 | ~ Vealers Slump.

Increased receipts over a week ago and ithe usual Wednesday lull in outside orders weakened hog prices at the Union Stockyards here today, according to the Agricultural Marketing Service. .o The market was steady to 5 cents

COMPLETE ns MEN'S STORE

ing sows held steady. The practical : ; Af i es top on hogs dropped to $5.40 for 210 : | : ati +} to 220-pounders.’ Vealers were steady to 50 cents lower with a $11 top. Good slaughter steers sold active and generally fully steady. * Hts 3 8 Re ET $3 Ton mepts. 15 911 5.45 8599 16 50 © 5.40 . 7992 Barrows and Gilts 4

Ggad snd Choice— | 136- libs ihe

18% » Lowell Hannum, Gléssne : Herman Schneider, Charle a, Robert Willsey and Claude Newhouse. Billfolds were given for driving one. year without. an accident to Max Riley, Max Pershing, Woodrow Craig, Maurice Angrick, Ralph Wood, Carroll Trimble, Hubert Butcher, Frank Richardson, Earl Plummer and Walter Schneid-

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Kelsey-, ayes A 11 Kelsey-Hayes Kennec 3 Keystone . Stl. 13 Kresge [|S 8.... 25% Kress oe doles fi | Rub Leh oy pf.) Li Ce v Coal..

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| 4.45- 4.60 4.50

«5 4.35g Je Sa 4,45 08 Medium... 0- 4.45 . te Fis 8 ) 4.50- 5.10 90- 120 3.25- 3.95 Slaughter Cattle & Voulers (Receipts, 1118)

Bulls Oo Sot 00 $11.00-12. 00" So we

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3utler Bros os 15052 Cop &/2.

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Gabardine is right in the mood of

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10.25-11. , Mec Spring . . with its crisp, well-

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with odd slacks, the slacks with sports jackets. 100%, Worsted, with a sheen that's found only in. fine

indo. 00-11.00 | 8. 90-10. 9 5.50-

eeder, Hoty eit: Calves .

JRecsipts, 561) -

Steers, Heifers 00- 750. 9.75-10. ws 0-500, . 8.15- 9.75 00-1050 835 8.75 7.75- 8.75

00- 150. ” .50- 9. 75/C00d— 8081 90 © F585: 3:50 3 50-9 *900.+ « 9.50-10. gi 580. 36-1880 00-015 50. 900. 8.50- 9.50/C0 S00. oo 7.00

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brown, ‘chocolate brown, teal blue and grey-green... . . 3-button single fum— [a

500- 900. 7.80 8:50] Good "and Co : Si | or double breasted. °° «4 00- 900 8.00- 1.500300; 2 ¥- 6-11.00 | A softs Teh J 3 ht 4

ows 25 / | Th L . i : +18 6.25- ae Sf heifers’ : : |

ina 1 On. 150: 030 MAY BE PURCHASED ON AYRES" anner. 30- BIsdedium 7.50- '8.75 ~ SUIT AND COAT BUDGET Lam | ACCOUNT. ASK YOUR SALES, od and gnolce cos

SHEEP AND LAMBS (Receipts, 210) edium ia #ood oes PERSON. ;

ommon| : : . We Se 2 Ra 2] : ira | . "Ewes ton shar basis) od : ’ ‘ MEN'S CLOTHING, SECOND FLOOR.

Good end choice ...... eesenss.$4.00- 5. 3 Commen and medium’ ....sc00.0 2.75- 4. : inh A272 | |

CHICAGO LIVESTOCK |

a 13 000; weights, | 1220 1bs. down, ead ; unde rtonie weak; heavier ye ho ve; steady to strong: spots §s hi 10 cents higher; top, $5.45; bu ood hr 180-. I [email protected]; 20-270-1b. ater, $ 5.40; most 270-320-1b. avers es, $4.8 vs ; some heavier weights, $41 Boies 85; 500d 400-550-1b, Pack ing sows, Sr at Bo calves, steers and Sia Ends fully » Nin 000; ted

is cents i abrid ers 15 to ; vealers weak t

going into Germany through her demand. Profit-taking, howéver, re- | If Sweden and Norway became { involved England would have been| Which would have surely involved|pgrtment indicated today that this Sweden without doing much good 1 year’s wheat crop may be one of the|Cel elaness pr pf is C 3 : harvested. At the 1927-38 average c endure another month of slaughter. |. But it served to exhibit us as the|vield of. 134 bushels an acre that|Ch Mf & Fo ot 3 is winter drought in Weather Bureau keep our minds and eyes off our Coleate P-P ... Wa troubles. records: Rainfall and snow over the | Colgate of 103% 10 Col Broadcast A°25%

. neutral neighbors. The continuance stricted the forward movement. | given a new and effective avenue of Finland. Ge [otex pf friend of little peoples, without really| Would produce a | crop of 606,400,000/Ch & Nw Ry.. 4 87, On| the whole it has Great Plains has been only about| gol & AK Col Broadcast | B 2h 7

HEF SEAR

| of the Finnish war might well lead | to involvement of any one or two | of several nations so that a way would be opened into Geramny. | approach to.Germany’s whole naval dl] area. Hence Britain schemed to : keep the Finnish war alive—offering WASHINGTON, March 20 (U. P). to send 50,000 men through Sweden| —Reports to the Agriculture DeIn America we went through a lot |Smallest in 40 years, "possibly not to of noisy motions about lending Fin-|more than 600,000,000 bushels. gents do Paseo. 214 The Crop Reporting Board esti-|Certn-td 6 land money which, if carried out, oh could have merely enabled her to|mated that 46,000,000 acres will be Ry / bushels. Chi Yel Cab. doing Finland any real good Or $av-| "ppocnents for g normal yield per|Shiosier iT 88% ing her from her inevitable fate.) .. ye peen | reduced consider- gare 20 33 And it played admirably into the niyegucec. eve Graph Br.40% i play y ably by the most severe fall and|Climax Moly Co 39 hands of those who are ‘trying to { Cluett Peab x» 4 3% not been a very edifying spectacle.| 59 per cent of normal. The Board estimated winter wheat |Soum G ch production on Dec. 1, the last esti-|Col Gas pt Curb Stock. S mate, at 399,000,000 bushels. The|SC! j ; Net Last Change

condition of the crop on that date was 55 per cent of. normal and improvement since then has peen “very slight.” An estimated | 19,425, 000 ‘acres to|Con be planted in spring-wheat normally would yield 'a crop of slightly 4 | more than 200,000,000 bushels. g The United States normally con-

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kard Pan Am Airways 19 Panhandle

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3ath Ir Wks ... 3eech Air Bell Air Bellanca Air ... 3liss 3reeze - Corp . Srewster Aero. . ae Chi Flex Shatt. 18st Cities Serv .. giles Serv pf. edi Contl R&Stl Fdy 6 El Bd&Sh |.. 5% 7-16 . 10% .. 14 ck . 4 35Y

BOs Ore = WERE BS BES

bushels of wheat. A crop 150, 000,000 & bushels short of normal needs would n Ys | not be alarming because of an ade- So Bx quaP®reserve supply of old wheat. om The or short crop alrea

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he: 5 cents up: Sows and bulls

c omicaco, March 20 (U. P).— ents lower;

Suis 4 2 40 at prices held fairly steady after|Sutier-Ham ... 16% “ early advances on the Chicago Davison Chem "1, | Board of Trade today despite profit| pe i taking at the higher levels. War B ud, -18 news and Southwest crop conditions Det t Edison. ens s were the pringipal factors. 23 | At the clo® of the first hour Boenier © est. 0% :'™ | wheat was up % to 1 cent with May Douglas Aire". 82% 1531, ~'% selling at” $1.03% a bushel. Corn Duplan Silk ... 13 1 Rea! Comp. x +1-18 was % to % higher, oats up % to % Du pont pt... 135% 138% JLi&Pur pt. 3 cent- and. rye up % to 1% cents. —E— be Thang sug 1m 14 .." Soybeans. Were 1% to 24 cents 36% Venezuelan Pet. 1 it 1 . ey

‘Chicago Soe |, U.S STATEMENT

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FOULARDS... Best Bet for Easter

1.00 to 2.50

There are neat, clear Figures and allover patterns (1) . . . if you like color, there are the bold, striking, __Charvet-type patterns (2). And the creme de la creme of the whole group are. the ancient dusty mad-" * ders (3) and (4), soft, subtly toned ties that are achieved by dyes made from the roots ot the madder bush. MEN'S FURNISHINGS, STREET FLOOR.

2.15@ loads, $10. S0@11. 75: bulk £4 “38. [email protected]; choice heifers to $10. 58 mostly $9.50 down; WS 6; most LSannerd selling along with ho Bg $5.25 ward; e bulls dotable to 7.9 with light vealers. $8@10; good 0 choice edly. lig kinds, [email protected]; Ee few selects, $11; stock cattle strong. Sheep—Receipts, 7000; late Tuesday fat lambs and sheep around 15 cents Tighet: one double 111- ; lam ps. to 75; best 116-1b, fed range ewes, 5.85: today’s trade market re cally at a bidding Steady to strong or $10 and slightly joove on best wooled lambs; hod 0. * fully .cents higher and up to

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OTHER LIVESTOCK ||

CINCINN. arc Hogs— Salable, 5000, a Bed 13 160 foe “and up, 5 cents lower: lighter weil ts and sows, steady; top. $5.50; 325-250 $5.35: 100140 1bs., $3.25@4; sows gh [email protected]. Cattle—Salable. 300; total, 375. Calves— upply, igh t, demand not particu-|| rong, ost sales around jleady. peo Teifers around ‘660-690 1 Eno i iets a oe 3 we 8 oreasionally A208 50; Sausage hu Bulle’ Oe a 7.25; vyealers, steady; good ice, $1 ommon to medi, $7@9 05

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Pub 8 5 P S 5.50 it 32 25% Sears Roebuck | i veoh 13%

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ago: t Yea 5. . 88 B73.684.323.81 $6,45¢ 407.991. 15 Fale Monte ot 4.096.567 "281. 6 4. 139.44 9650.19 111,242.12 2.325 083.311 ‘36 © 2/711)890,042.12 3,292.827,361.96 . 2/420/498,403.05 3.383 884. 11734 Work, Bal. 1.709141'361.18 3. 729714 8 Pub. Debt .42, 310.052, 160.70 30.948.905 194.40 4 Gold Res. , .18.306/606,940.23 15,007,517.132.83 Customs 5 256/856,355. 78 © 226,646,350.73 |b

INDIANAPOLIS CLEARING HOUSE Glearings |» .

| 3b

e n \ 10% i; [Shell Un pf hg: 108

Simmons .. Skelly Oil 9% Socony Vacutim. i Jo Por R Sug.. Soeast Grevh L bo 30 Cal Ed ...

Mot . rea Dep St. 23 ced St cv pf 83% oy hen 40% restone of A ‘105% rst N Strs .. 13 ve. Be . 11% 32%

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*VAGABOND® by Knox $3

A good - looking, smartly - styled, ‘lightweight with an immense caAy for wear and comtort. /In 722 colors, including the smartest -

—- 4 DLININ a ~ a CN paps 00=3¢0 =I CI DIDY oo pas

Steady te Ind., March 20 (U. P.).— to 10 cents lower; or 200 30k 4s $5 05° Sa: 240 oss : 260-280 1bs., $4.8 ao Ias Ibs.. $4.55: as. 35 i 5 34 50; 35 0- 400 45; 150-160 1 $4.85: 140-150 1bs., ie 10: 3 140 1bs.. oh 85: 120-130 1bs., $8.60; 100-120 $3.35. ou, oS 75; stags, $2.75; A. $11; lambs.’ $9.75

DAILY PRICE INDEX NEW YORK. March 20 (U. P)— color for Spring, "Ming Jade," ‘a | Dun & Bradstreet's daily weighted || tremendously popular blue-green. price index of 30 basic commodities, si MEN'S HATS, SECOND FLOOR. | compiled for United Press (1930-32 . /

s average equals 100) : Yesterday ....v..oeinnviesi.. 118.36 : [te . Strate Eights for Spring 8.75

|| Week 80 ...oeveviiianeoris. 11857 co, |MONEh 880 ..qesieesitncorss. 119.94 {Year ago ..... vivesssiannees 104.94 This. Spring. we've more than doi bled our stock of Strate Eight ‘shoes . . . and, they're smarter,

1940 High (Jan. 2) .......... 128.34 1940 Low (March 16) veseren ni gr Stree better-lodking™ styles then éve before. The sly 6 ¢

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| NEW YORK, March 20 (U.'P.).~~Follo\ ing are oon: cable rates on major curre SI ble Rates Net C

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OOD PRICES AGO, March 20 (U. PyTa rk Mackintosh bu. 00 dtoes—Tennessee ku. orida crates, $2. [email protected]. Tormar Pxiesn lugs. 85 @5. bu east Cauliflower. $1, oe arrot. ao t uk reel. 25 1.35; esota eliows, weet Spanish, $1.35@1. %

[+++ + +++ +

[ransamerica rans & [ri-Cont Oth. Gentefox.. 11 Twin Coach ... 18

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Col. C. B. Durham . . . talks to wee 3 il real estate class. Hecker rod -- 10 “Selling Investment and Sub- e 1. : division [Priperties® will be dis- |Houd Her B.... : 3h cussed b . C. B. Durham, im~- | Hows Sound ‘mediate past eo the In- [Hud Bs Tikes: 8 on dianapolis Real Estate Board, be- | Hupp Sotor -. . fore members: of the real estate class ‘at | 6 o'clock tonight at Indiana niversity Extension Division, |. |

See Final Edition of the Times : ’ for . | Closing Stock Quotations "and Other Late News

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