Indianapolis Times, Indianapolis, Marion County, 1 February 1941 — Page 9

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: In most cases, the department said,

. ‘September-December period com-

SATURDAY, FEB. 1, hd :

BUSINESS

Food, Rent, Fuel Increases E Cest of Living

COST OF LIVING IN INDIANAPOLIS has gone the last several months chiefly because of increases in

in BUDROW

oost

Indianapolis

up in food

costs, rent and fuel, according to a Labor Department

survey.

The depatiniert’s statistics reveal that food costs,

clothing and rent here are above the average in 33 of the

nation’s largest cities and that less money is spent on

fuel,

electricity and ice, house furnishings and miscellaneous items than in the average large city. On the whole, living costs here are above the average—for every $102 [ppent

here, the average city spends Between Sept. 15 and Dec. 15 ‘(when the survey was taken) food costs in Indianapolis rose 2.2 per cent, clothing costs declined . per cent, house furnishings in- . creased .1 per cent, miscellaneous costs were .8 per cent higher, and fuel, electricity and ice were 2.7 per cent higher. The Labor Department says .food costs in the nation went up Roger Budrow chiefly because of price increases in butter, vegetables, milk, four, cured pork and lard. Increased cost of purchase of automobiles, tires licenses, taxes and insurance on autos boosted the “miscellaneous” jtem the most. Many housefurnish‘ings were affected by recent price increases in lumber and upholstery.

jncreases in coal and coke prices were the usual seasonal kind. That disposes of everything but rent. Rent costs in Indianapolis went up 9 per cent in that

pared to a .3 per cent gain in the average city. The Labor Department made a special survey of rent and found that lower-rent homes carried the brunt of the increase. A 1 per cent increase was made here in rent for homes renting under $30 and rent was changed on 8.8 per cent of these homes. Homes that rent for $30 to $50 had ‘an average-increase of .2 per cent ‘and 3.8 per cent of this class of dwelling had its rent changed. A very small change was made in the rent of homes in the $50 a month or more class. $n Bn RCA PRESIDENT David Sarnoff says radio tubes can “be made to respond to light, color, to a wisp of smoke, to the faintest sound, the feeblest touch. Some day we may be able to make them respond to taste and to smell. Only in the human brain do we approach such a delicacy of perception and such quickness of action. Yet no human brain can carry on these operations from hour to hour, or from day to day, with the certainty of these devices,” ~ : 2 =a 9 CHEERFUL DEFENSE item:

Federal Shipbuilding & Drydock Co. de.ivered the destroyer Edison to the

Navy four and one-half months A

ahead of schedule.

~~ In World War I it took nine > months to build a 1200-ton destroy-

er, but the 1650-ton Edison, a more

11 days after laying the keel. z z ” INDIANA had 774,000 cows valued at $44,892,000 during 1939, according to the Milk Industry Foundation. They produced $42,121,000 in cash farm milk income.

8 s 2

¥/ ODDS AND ENDS: Cables from |G London indicate that Great Britain | has begun to buy the unsold part’ of

Peru’s 1940 cotton crop as predicted several days ago. . . . Automobile and truck production soared to 124,400 units this week, a record in the industry’s history. «+ More than 10%z billion us is deposited in the nation’s mutual savings banks, most of which are in the industrial centers of the Eastern seaboard, the banks’ association reports. . . . Newport News Shipbuilding & Dry Docks Co. has 449% million dollars worth of orders yet to fill. istration bought 23,000 dozen fresh eggs at Chicago, 78,000 dozens at New York yesterday, first they've bought since last August. Last year the Government bought 70 million dozens to peg the price. . . . Under pressure from the Government, price of steel scrap has been | uy reduced to $20.50 and $21 a ton. It was about $24 several weeks ago when Defense Commissioner Leon Henderson warned the price had ‘better be cut to keep steel costs down. ——————————————————— WAGON WHEAT

janapolis grain glevairs are paying By T wheat, 79c, subject to market change; other grades on their merits. Cash New No. 4 new yellow shell corn. new No. 4 white shelled corn, 8c;

2 white oats. 32c. No. 6

53¢; No.

Surplus Marketing Admin-|&h

$100.70.

STOCK PRICES

-GLOSE LOWER

Consolidated oF Heavily; U. S. Sags $4.

NEW YORK, Feb. 1

Is | Sold Steel

U,. P)—-

Weakness in U. 8. Steel preferred

stock and activity in Consc Oil featured a quiet, declining stock market today. :

lidated

Large blocks of Consolidated Oil

The stock sold low. U. S. Steel preferred,

No adequate

year,

The preliminary estimate’ is subject to changes or corrections resulting from an audit now being conducted in preparing the! balance sheet and operating statements as of Dec. 31, president G. A. prroyinson said.

Curb

High [Low

Aero. Bup Breas Alum Ltd ...... 1

Beech Airc .... Bell Airc Bellanca Airc. .s

complex design, took 10 months and |B}

crete

Carrier COIp .. Cities Se Gitiet Serv pf.. Con S

Creole Pe Eagle Picher L. Ea Gas & Fuel. El Bd & Sh.

TV ..

El Bd & Sh 6 pf

uity Cp Fairchild Av ..

& Air

al & Merritt C&S. eon Molybdenum . Mt City lh .

Nat Rub M ... Niag H Pw Niles Bement Pantipc oi Venz 3

13 5's

WE eee 2

Phoenix Sec .. Pioneer Gold .. 17;

Pennroad Puget So 6 pf.. 53% Republic Avn. 4 St Regis Paper 2Ys 1 Lock 5

td Oil Ky. td Oil Ohio’ p 0 td Ste vere oe unrsy Sil sees 1% 3Ya Technicolor, vere 9 Fubize-Chat .. 6% Un Cigar Strs.. 9-16 Corp. 518 16 Pwr A

raggart Co cede

3% 57%

513% . 5% 3

Ss at ‘een West Virg Coal 3 —cem————

's and its 1¢

compare

appeared on the tape and. (Sales were traced to a single Wall & house.

Street

The stock is widely held and it was believed some unloading may have been for European account, price of 52, off ?

at g single 40-1941

corisidered

a prime investment issue, was driv- | en down 4 points on a few transac- | & tions.. was given. Steels generally weakened after a steady opening Railroad issues were ir Utilities were fractionally Oils held ‘well. Bonds drifted lower. Declines of more than a [cent a bushel in wheat and strength in coffee featured commodities,

explanation

irregular. lower.

ESTIMATE REAL SILK ; LSS AT $341

Real Silk Hosiery Mills h subsidiaries today operated at a $341,955.68 consolidated loss during 1940 $169,536.31 profit. for the

355

ere and

estimated they

d with previous

for 1940

Stocks

| Net Close Change kerry A Ys —1-16

* —

*| Good and

+ %

¢ —— i

LOCAL PRODUCE

12¢; 8¢; Rareback d White Rock

Heavy hens, Legon hens, Barred an ie colored heavy Leghorn springers, 11 9c; old roosters,

bareback | hens,

lic; Leghorn hens,

springers, 13c}| 32 breed Splingers, 12¢; ¢; bareba

4 springers,

6c. indiana Grade A'ls 2Ee. eggs, 17; Indians

Grade A medium eggs. Grads 2 aly Ne 2 sds)

But 0. Bis Fe nota No. (Country pickup Wadley Co a7

I 3z¢;

28¢ No , ae. orien qugted’ by ‘the

Tidiana smal no graze, 13c. No. 2, 31@

understanding of the income tax Care is taken in drafting forms to make them The head of a family, is one who, maintains in one such, he or she # » is one under 18 years of age,

nor be related to the taxpayer. support, and it may not be divide

the credit. must be prorated when

Domestic relations enter into the makin return. This shows itself in the matter of Too many taxpayers do not understand who of a family, or what is a dependent. As a consequence, tliey over- . pay the Government by not claiming - credits. Of course, the audit of thei these errors, but not all of them, due to negligence or the instructions for filling out the simple and easily understood. The taxpayer -should study these instructions before making out his or her return. as defined by the income tax regulations, because of a legal or moral obligation, supports and household a dependent individual, or inflividuals, "closely connected with him by blood, marriage, or adoplion, As is entitled to a personal exemption of $2, 0¢0.

defective and incapable of self-support.

1f husband and wife contribute to the suppor the $400 credit may be taken by ‘the one contributing | d between them. Likewise, if two members of a family contribute to the support of a deperjdent, the one who contributes more than one-half of the support may claim

Your Federal Income Tax

Credit of $400 Allowed for Every Depenent Under 18 Years Old.

g of an income tax personal exemptions.

is legally

law and regulations

A credit of $400 is allowed for each dependent. A dependent or one who is physically or mentally .

He need not

Both the personal exemption ‘and the credit for dbpendents. | the status of the taxpayer chang: d

their proper exen-ntions and r returns discloses ‘most of

t of a dependent,

the head

lack of

live with

ithe chief

a Good and choice— 0 dow

PRICES ON HOGS DROP 15 GENTS

$8.20 Is Top Quotation at Local Stockyards; 1500 Received.

Hog prices were steady to 15 cents lower than yesterday at the Indianapolis stockyards today, the Agricultural Marketing Service reported. The top was $8.20 for good and choice 220 to 230-pounders. The Marketing Service ‘estimated 100 salable cattle were received, 50 calves, 1500 hogs and 50 sheep.

HOG PRICE RANGE

Barrows and Cilts Good Jol Choice—

escecsvisersnenens $

ooUo

°o w =

2omsasy

«3 Bn BSR 553%

cto sssssace

oon o

“sses sss cesar s sence

Meo: 200 os.:.. . Packing Sows Good 30 .Choice=

9 NSISSeeIde

M 250- 500 . Slaughter Pigs Medium and go 0- 190

slaughter Cattle & Vealers (Receipts, 100)

000+ [email protected] [email protected] .s [email protected] «so [email protected]

disnavsesesres severe [email protected] desvsvessresseeesess 10.98013.35 eiesesosesesssscsssss 11.00 13 3.50 ticsscesesssesesscees 11.00 13.50 10.75

8.75 [email protected]

1100- -1300 1300-1500

Ce e0e000et stots ee ttesentene

750-1100 oo.

Choice— 500- 750

500- 750

‘Steers, Heifers 7.50@ 8.75 [email protected]

900.40000000000000008

Beresen pe eee hdsarasserescnsreene: 11.50012:50 ho berarrinneseonse ess 30:00811.50 [email protected] 7.00@ 8.50 7.00 8.25 6.25@ 7.00 @ 6.25 4.25@ 5.00

hoice-— 750- 900 od = 750- 900 Medium--500- 200 Common — 500-900 <cecoccrccccccocen o Cows

eeeevsee

Medium vaee Cutter and ‘common’ or Canner .........

csesee vessesee

cessssncce

‘Bulls

(Yearlings excluded) Boot 0 ,1.25@ 8.00

Ss eet T ets stBanesbene PA Good sheesrestasseinceeanes

Medium Cutter and COMMON + .eveee

Vealers Good and chol Commdn and media .srevnee

Feeder a: and Sto Stocker Cattle ‘ Coren 30) Choice-= 500- BOD [email protected]

Good— 500- 800 Joecoccnece 800-1050 edilm— 500-1000 ..escscc0vcsssscsscoce Comin = 500 900 sevceececcossscvccen

Calves (steers) Good and choice— 500 down

[email protected] [email protected]

8.50@ 9.00 7.50Q 8.50

Med PLM . 500 down ... chsivuane

Calves (heifers)

[email protected]

Deceecosssscsvsessancse

[email protected] ol UM

Blaw-

8.75010.75| J &

t Callahan aie. .

Car 7.95] 25

800-105) .ecversesccscsesccee [email protected]} 5

== “THE INDIANAPOLIS 3

FINAL NEW YORK STOCKS

High Low —— 7 \bbott Lab .... 51 ams Exp 6 \ddress sgraph . 14% au 03

he 5 Op I> >>) = a

hhh hh hh BE a 88 = _—

DRE EEEEEREE]

Toll Mill of Hs safe Razor. 6% Build. Ue

Woolen pf. Am Zine Anacon Ana Re Cabic En

Armour Ill Armour Il di” ‘pt S81

evs css 3 2

pr Aviation Corp

Bald Loco ct «. Balt & O pf . Bangor & Ar vi Rerhuay Bal th Ir Wks ee 1

Bigelow San ... OX sere 3ceing Air “.... 3ond Stores ...

fs BO Cot pa DI = DD a NON es

yron Sackson. el

(Cal Packing 183

€ alumet . Canada Dry.... 13% Ca ifl

Coere

vessase

i 4 Case J I »f....118% 2 Eaterpillar Tee 44%, jan t 11897 opese pr p t Ya

Chi_Pneu 1% Ch RI & P17 pf 5-16 Childs 2

greeresss Gait

: City [email protected] | =

. 500 down. ..eecceee SHEEP, LAMBS (Receipts, 50)

Good and choice Medium and good ......

Common Yearling Weihers’ Good Sand choice . Mediu hos Dwes (wooled) CO .... Common and medinm

CHICAGO LIVESTOCK

Hogs—Receipts, 800; arrivals on sale to make a market; un-| dertone steady. For the week: The closme sharply lower trade on hogs saw 40-1b. averages at [email protected]. most late Sales being at $8 down; 240-270- 1b. putehy

$7.70@8; ..-$7.50@1. ak Tight lights. $7.50@8, while went at §

esesscsne c.ssesee®

ea [email protected]; top Tell on to "Se attey $8.40 had he paid early in wee Cattle and Calves—No sales. For the week: Fed steers and yearlings closed 2{ cents under late last week: bulk fat steer: and |vearlings sold at [email protected]; strictly prime 1250-1b.. averages to hed 316. with next highest pr 5, Sis, long yearlings at" $15. Nght ‘heifers strong to 25 cents Higher: d to a3 cents lower oe Feiaq 5: light offerings, and choice ‘beef ‘cows Gb higher; others slow, ‘steady:

Ny Ss Scents

steers get able outlet ee Sheep—Receipts. 500. For the. .wegk: All classes steady to giroug; week’s bul gooi ‘Western Jemns 103 - 1h. ‘closing top i 101 1bs.:

g fairly uniform and dependwi

y 1 throughout lambs, $8@9. fall shor f fed lambs, $100 50 shan, [email protected]; load good io choice 8 lbs. carrying about two months fleece late $9.10; few fed yearlings, [email protected]; eytreme top fat ewes, $6.25 $6.25; bulk, [email protected].

OTHER Llyksroce

7.500 9.60 &

not enough fresh fo.

180- | C

heavy kinds gr besh DY ul

bulls and vealers shes to weak; all classes except Sub Am

Hs. Pu Curt Pub or ‘pt 32% tiss=Wr .... 8% iss-Wr A. -

“wir 30 287% «11 2% 14%; 29 82 oo] 15%

. Sy Dow Ch Dresser Mig ... a Dunh

NE, Toe, 1st v5

bs., $7.35; 3 1bs..” $7.10; 150-160 $6.85: 130-140 1bs., $6.60: 130-130 1bs., $6.0 100-120 1bs., $6.10" Toughs, $6.25; stags, 5. Calves, $13.50. Lambs, $1 $10.25.

YETTE, Feb. 1 ( b. Y ay.ob 250 ATS er: 160-200 Sos re $1 a7. bis. 3: .80.

@8.10; - 250-325 1bs., pigs. ‘down; roughs. down. $12. 5013. 13. Lambs, $10@10.

00 5

{U. S. Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds

Bish M43 eueeees.109.12 3Vas 1946-44 .e 108, 18 108. ds 1954-44 or} 13.1 3 i 1 3% 1949-46 3 4Yss 195! 52-4 135; 228 1948 .. 103.21 27a8 1960-55 105.26 Home Qwners Loan Bonds 3s 1952-44 107.7 107.7

FOREIGN EXCHANGE

NEW YORK, Feb. 1 (U. P)) —Following are noon closing cable rates on major | G

purrencies: gale Nist Rate cons 84,

.- Ciose o

3%s 184 107.12

“101

England Al ound) Canada (dollar) ...... Ura) [...si0e (markka) ..... Switz erland (franc) pwede eden Wl na) .. pan

wv n) seats Mexico % peso)

Foon PRICES

ti SLE 1a 50. RRREry Toma!

3: 5 a vom ttuce—CaliSweet fon (50 Oni

Michiga A ss bi. -—Mic igan, squares, Mexican $2.15

ol ‘fornia - crates $83%5as Jomia rates $2.60@3. oe: Tb sacks) —Tilinols "Yeliows, esota Yello

sota lows, 80@75¢. Indian, Yellows, so

»e 53 tse

3861.98,

od Bast, Air Lines. «37 Mill .

Calves, |

104.18

60@$0c. MinWisconsin” ol 3

gan Colorado Boel Spin ;

General Banking

Our officers are qualified to render Bead service for all your Beak.

reserve ‘150% Se

Fast R 4% Bast Kodak . Saar East Kodak pf. 178 Eaton Mig . 33 Elec Auto L.... 29% o | Hee. Boat ..... 1%

PwrdiL Se 50| El PwaL $7 ot. 301; ; hns 41

Ex xchange Buf . x-cell-o

sree

r Morse ... Te Sug .. fed Dep St . BITO Enamel’ "id Phen

evens

restone eve rst N 8trs ... lintkote «1

rence 33 Folinsbee Sh “ot 27 Food Mach 28s Foster ‘Wheel’ .e : iss

Faster pf..122 Freept Sulphur, 35

Gair Robt ..... 1% Gair Robt pf... 157% Co .. 20%

36 G&E A ... 1-16 Mills .pf...131% Motors ... 43% Motors pf. 125% Ry Sig Ya

Time Ins.. 20

EL)

W. WASH

121 342

Net Close Change

+ 1

51 6 14%

9% — Ys é Year Ago

14:1] eh

. pe.

(1+:

. Fogo! -. , HE FESR

LLTELEind

~ i jy ted AB © yah, ot

Vil — 125% BE TL. 2 sie 0Ys — 49 — 12% —

AUTO and DIAMOND

LOANS

and Refinancing 20 VIONTHS TO PAY

i * rgd Tr

IN Y Central ...

8 | Atchison «c.ecee

- »

- ee

OTe FON OR IEEE

6 Kaufmann DS..

UNITED PRESS

ONIONS STOCK AVERAGES 30 INDUSTRIALS

MORAY oeiierervnsavenunrssnn 12598 .. 124.13

—0.85 +0.08 +0.44 +0.39 +0.26

Month Ago essssitegsstsenee 132.40 avenanisensrnevves 145.39 High, 1940-41, 152.80; low, 111.84, High, 1939, 155.92; low, 121.44, 20 RAILROADS TOAAY :covercessssssscccene Yesterday Week ARO ...cvccessssccncse Month Ago 28.40 Year Ago ..... 30.65 Higa, 1940-41, 32. 67; low, 22.14. High, 1993, 85.90; low, 24.14, 15 UTILITIES

esgatsssssesesanssenee

28.10 : 28.25 29.65

Sesesssssesrssniee

dressersararinsiion

19.56 19.55 20.48

Today Yesterday Week ARO c.ccesevecscssccce Month Ago seiseesessesesene 19.90 Year Ago 24.74 High, 1940-41 26.45; low, 18.03. High, 1939, 27.10; low, 20.71.

15 MOST ACTIVE STOCKS

Sales Net « (in 100s) High Low Close Chg. Cons Oil ......165 5% 51% 5% —1% ‘US Steel....... 87 62% 61% 62 -—3% Gen Elec ...... 331s 32% 32% —% U 8 Rubber ... 19% —3 ‘Std Oil N J.... 331s —18% Contr Mtr 31 ~ Beth - Steel 82 12% 233% 87% 21% 18% 4% 13% 6%

—Y —Y%

23% 8% 21 183% 4% 1% 6%

Anaconda ...... Sthn Pac ....«.

lg —14 Rep Steel ,..... -—ly Avia Corp «.... Superior Oil .. Libby McNeill ..

+18

+ | shares against 220,000 last Saturday.

ago.

.Net Low Close Change 11%, — 3% Ey + Ya

— % 13% 2

High T&R covees 0 R ..

-— 3 — —_ 3 —1-16 I 74 — Ys -— np cere 35%: — ip 3t West ug 2054 0% it W Su p10 140% yreen 30

sreyhound Cp.. jrumman Air E 15%

Juan Re oh 13 Quit Moblle nr: Jot ll

1 15 5

EA 9%

Hack Wat ..... 32 all Print ..... 147%

32 14% h ... - 105 ;

[11 Sentral esse 11 Cent pf .... 1d L 38%2 VO os Iniand Stl 84a Jepson Cop 107

EEE

b lees M. Harvester.. Harv

arine. t Nickel eo... 24%2 P&P 27

Lol

P&P pf... 62 { RC Am Df, 38% he ver .e ; .T. PO

t T&T F 3 ist D 8 Por. 244 les

Tish 20 L 7 pf103

SNES FRESE 3

8238223822338

Jewel Tea Johns ~Man Jones &

Kaufmann D2

G & B2

Kroger G & B., 28's

Life “Savers ave Ligg & MY _... 93% LIRR & M ‘My B'. Lion Oil Ret “ee [Liq Carb “ine Lockheed Air

10% 15% L380

illar s 78 orillard pf... 160 M

iaswes 98% cosine 2548 EX..13; 38 pi

Nat Dept St .«e Nat Distillers alia Nat Gypsum .. Lea

Nat 8 “h Nat Sup 54 7a a Te Tea

No Pacific .. 6% 64 No St Pwr pi [113% 113% 113%

MPLES % E CAUSED | ACTRESSES

Many professions) beauties spend fortunes for fancy cosmetics, yet there are no finer, purer sompisxicl aids n inexpensive, dly medicated Ba Soap and Ointment. Fragrant Cuticura Soap is economical forall toilet Emollient( Gutiours Gintnest

R Stock sales approximated 310,000 BX y

Vv ic Stl Curb stock sales were 53,000) RS shares compared with 59,000 a week R ol hg 4.

3, | Simms P

| Warner Br

| TCMNT AFFORD

High Low ro

Ohio Oil «ean.es Otis Elev ..... 15% Otis Steel

Owens Ill Glass oe

Am Fish. oe 13

7 15% 46

its Forging. WL pf 181

ts Stl pf.... its & w Va.. sto

p Sof... Purity Bak «uv... 1

Reve Se ou pf.

EM ou ov bi. 93

Rithneld on’ . 3% Ritter Dent ...

Safeway 40 Sateway 5 pf..111 s Lead ... 33% 5 Fran “ee Va RAT 1 "Dist. . 1 en Ty st.. 0% Seab’d Air L.. . Seab’d_ Oil Sears Roebuck. . : 44 Servel 3ne Shar Shat a Sheaf Pen « 40 Shell Un oil ". es 103s SONS :. « 18 1; seve 134. Skelly © oi. ran

La oc-Vaciin wily re o Cal Ed +c. 26 %

sees sree

cenece

INO TOINTR IN IAIN IN -

Oil pf

£ unshine Min .. %

Swift & Co ... Syming Gld ww

Tenn COIp ..... Texas Corp ... Texas Gulf Prod Tex PC&O ..... Texas & Pac...

hird Av Ry.. we

» Transamerica .

Trans West Air: 143% I1ans 20th Cent Fos . 3 Twin OR T pf. 20

Und Ell Fish... 32 4 Union B&P .... 11% Union Carb ... 64% Un Oil Cal .... 13% Pacific .... 81% Premier Fd 13 Tank ...... Aircraft .. Air Lines.. 1 Yn ise Seu . i . 8 Pried Com abt nite orp 26% United b A

Un Ds x Un’ Stores of.

2 Univ Pict 1 pf de

we Ye cise -30%

Vanadium ic! e:

rginia Ry... Vireinia Ry pf 33"

Wabash of A.. Walworth _ ... Warner Bros.. 3a ob 108% 188% >'p we 27

SM DP Lys Overind. 7illys Over’'d pf 41% ilson . [a Vilson pf -. Sodward Tron 3%

rth yorthing cv pf 60% Ojthins pr pf 3%,

yrig soso

Add A AALA £< S S <

is Zenith Rad .... 14 13%

Net Close Change

7 eves 15% —

462

—- oa

- WORD OD Ace AGIA ~ Fe SEER

CA) pet 0 1 CO CO DO CO LOD CO BD OD

DRI eA aaa

ie S114 +

48 139, 30%

tH EL

a a

CPHL EL LHL ees

p Satgham Drug

@N NE aN

Prof. John F. Mee, Indiana University business school placement manager, will open a series of seven lectures on personal relationships in business at the In-

dianapolis extension center Monday, Feb. 17, at 8:30 p. m.

Chicago Stocks

High Low Close BD icvvsesnveee 3135

m Pub Serv pf Asbestos Mfg ...

cesses

Mig Bliss & Laugh ° Brown F&W . Bruce E L Cent °ni PS pf ...ceoness Cent Ill Sec o pt seseas Cent & SW tye Chgo Flex shat Chrysler

DI OE oR N

Cities Service ... Club Alum Coleman Lamp & Comwlth Edison Consol Oil Cudahy

eo BW

ANNO Eh - oN

BEversharp Inc ha Four Whl Drv ...

BD A a DN J DWOROIJ=UND

— r~ -

d West Corp ...eeese er & Hart pf ...... uskegon M Sp A blitt-Sparks

— RNID CID EE BB OT DIR =

Sunnrd Hch T wift Co

Op Oh Ca GEE NN

Walgreen Co .... Wms Oil-OMat .

CRONIN e >

CO IVC ht bt DO OO BI

—- =

Zenith Radio

LOCAL ISSUES

apolis Bond & are Corp. do not represent actual price of offerings. but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Bla

Stocks

Agents Finance Corp com.... Belt RR & Stk Yd

8 87 d ..... 99% 102% ob . 14%. 16% o Swayne 4% ‘pid. 50 53 $6 . ..108

32 104%

49> 96%2 99%2 +102 2 105% 103

Van ‘Camp of Io: van Camp Milk COM ...eeves mn s Bonds American Loan 5s 3heens American Loan 3d Consold. Fin, 5s 50... Citizens Ind Tel ats 61 .103 Hom Yo8 ..102

Wayne 6% Cran- Reynolds: Taylor 55 42.. 97 me T&T Ft Wayne 6s 43...102 ASSOC Tel Co 3%s 1C.....107 110 Ys 10...........106%a 108%

ees 99 «10

u Pub Tel Co 4Yas . Richmond Water Wks 5s 57. .. 104% ... Corp bs 6 3

Term 76 “Ex-divide 5a. > WINNIPEG WHEAT

M82 16% J16Ya 16% S18Ys 18% 18 18%

16142

May.. 3y "718%s

July..

2|July..

3 .

Sept... 8

G The foliowin® Suctanim bv the Indian-

WHEAT PRICES BREAK SHARPLY

Corn Rallies in Last Few Minutes of Trading At Chicago.

CHICAGO, Feb, 1 (U. PJ). Wheat futures om the Boara of Trade started the day steady to easy, but broke sharply subsequent= ly with the May delivery entering new low ground since early in Oc= ' tober and new crop contracts estab= lishing new seasonal low marks, Other grains also showed weakness. Wheat closed off 1% to % cent, May 813% @815%c. Corn rallied in the final minutes to close un= changed up to % cent; oats fine ished off % to up % cent; rye un= changed to up % cent and soy beans recovered all of the loss to close up % to 3% cent. Short cov= ering operatoins featured the clos ing trades. ; Thin buying interest in the mars ket, receipt of further moisture in the Southwest, and recent talk of somewhat freer offerings of cash wheat in the Southwest continued to have a bearish effect on ‘the market.

—

RANGE

Low $ 80%

J14% 15%

Wheat— Open High May..$

32a $ 82% 6s 16%

Sept... 6% JS16% Corn— May.. July.. Sept. . Oats— May. .

81% 60%

61% 61%

61% 61% 6112 607 61% .60% 35% 31

35% Ei

423% a 44 "457s 4 45 Soy Beans— May.. .95

94%

July... 90%

Lard—

March 6. 4 May.. 6.55 July.. 6.72 6.92

LOCAL GRAIN

CASH

Wheat—Weak: receipts, 2 red, 83} v2 @84/2C No, 2 red, NO 1 hard, 81} - @82° 2c; No.

6.35

214 1 83 oR) . , Sats @

Corn—steady: receipts, 39 cars; No. 3 vellow, new, 551% @517c; No. 4 yellow, new, 53@55c; whtie corn 3@4c over Te mixed corn 1@2'%c under yell low, Oats — Easy: receipts, 2 2 white, 35@36%c; No. 3 white, “Siiouss ic Soy ‘Beans—Firm: receipts, 2 ‘ diana No. 2 yellow, 93} Io @94vac: Niinots Now

212 yellow, 9212@93%zc.

U.S. STATEMENT

WASHINGTON. Feb. 1 (U. P.).—Governs ment expenses and receipts for the current fiscal year through Jan. 30, compared with

a year ago: This Yea ast Yea Expenses ..$6,267,379, 313. a $5, 456. 162, 301. o 3 61,100. 3,043,321,310.

1543.29 17,927

Gold Res. .22,111,265 165,17 212, 444,950.19

Customs .. 190,393,517.89

INDIANAPOLIS CLEARING HOUSE

Toda, AN

were 11 842, Cleari This Week 270 Jlearings ebits 5, 166,000

BUSINESS AT A GLANCE

56, By UNITED PRESS Chicago, Indianapolis & Louisville \ Ry. Co. 1940 net operating income 21$1,329,102 vs. $404,425 in 1939. Illinois Central R. R. Co. 1940 net operating income $16,865,461 vs. $17,= 914,099 in 1939. Inland Steel Co. 1940 preliminary 1940 net profit $14,450,385 equal to $8.87 a share vs. Slog 931,016 or $6.73 in 1939.

Clearings Debits

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