Indianapolis Times, Volume 35, Number 263, Indianapolis, Marion County, 17 March 1924 — Page 6

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IRREGULARITY IN BUSINESS LAID TO OVER-PRODUCTION Haney Declares Industry Has Recovered TooTßapidly for Demand, By DR. LEWIS HANEY Director of the Bureau of Research, New York University. NEW YORK. March 17—The outstanding feature of business today is uncertainty and lack of confidence. We say merchants and consumers are buying from hand to mouth. Forward buying is small. What lies at the bottom of the condition? Money and credit are plentiful, but business refuses to boom and the stock market marks time. There is a great deal of “bunk” in some explanations. Some blame a well advertised "professional speculator” who turned bearish, some the oil “investigation,” some the slowness of tax legislation and fear of the bonus grab. None of these things, however, is fundamental. Industry Irregular Already, the oil probe has practically ceased to be a market factor, yet business still hesitates. It does not take much analysis to become impressed with the extraordinary “irregularity” in industry. While some stocks are making new highs on the exchange, others are making new lows. Some companies an declaring dividends for the first time In years, while others are pass ing dividends. I think the explanation which goes

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aps Soil Everywhere

Miss Drew Initiated n De Pauw Sorority

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DOROTHY DREW

Miss Dorothy Drew, daughter of Mr. and Mrs. A. E. Drew, 3268 Park Ave., freshman at De Pauw University has been initiated into Kappa Alpha Theta sorority. Miss Drew is enrolled in the School of Music and played one of the leading roles in “Enter Evangeline” a musical comedy. She graduated from Shortridge In 1923.

nearly to the bottom of the matter Is the over-production idea. I do not mean that over-production exists in the sense that more goods are being produced than can be consumed, but I do mean that production in basic In dustries is going ahead so fast that goods can not be sold readily at present prices. Recovery Too Swift In a word, production in our basic industries has recovered too rapidly and has been out running the sale of finished products. Asa result prices have been maintained with difficulty. These facts explain why the price of steel has fallen on the stock market and why copper shares did not hold recent gains. Several things may happen. Production may be checked by falling prices and an equilibrium be re-estab lished. That would mean a continued "irregularity” and lack of speculative activity. Or, prices may advance under the Influence of Improved European demand, or inflation, or both. SCOTTISH RITE TUESDAY Class In Annual Convocation to Begin * Work Candidates in Indianapolis In the class at fifty-ninth annual convocation and State reunion of the Scottish Rite, Valley of Indianapolis, opening 8:30 Tuesday morning at the Murat Temple, are to register this evening for preliminary arrangements, it was announced today. Local candidates are to report at the Michigan St. entrance at 7.30 p. m. The convocation will be one of the most impressive rites in history of the order. Three hundred candidates will register. Sixty-five sets of scenery have been moved to the temple. The convocation banquet will be held Friday evening. BOY SCOUTS GIVEN BOOST Motograph Carries Message on Work Among LatfcThe silent orator, the motograph on the Merchants Heat and Light Company Bldg., Is flashing this message this week in the interest of Boy Scouts: "Scouting helps boys to become men of character. The Boy Scouts of today will be the business men of tomorrow. What Indianapolis will be twenty years hence depends on the kind of training its boys are receiving. F. O. Belzer, Scout executive.”

WOMEN TO VISIT PRISON Michael Foley Arranges Tour for Court Attaches. A visit to the Indiana State Prison by six women of locnl courts Is planned for March 28 by Michael E Foley, attorney and mem ber of the board of trustees. The parly will include Miss Emma Clinton, probate clerk, Probate Court; Miss Bertha Markowitz, Miss Dove Meredith and Mies Lulu Grayson, Probate Court, reporter; Miss Jean Brown. probation clerk, criminal court, and Miss Birdie Billm&n, clerk, Criminal Court. BIBLE COURSES EXTENDED Three Pastors to Augment Teachings of Y. M. C. A. Club. Dr. O. J. Grainger of the College of Missions will teach a course In "Beliefs and Practices of Primitive Peoples.” beginning Wednesday night at the Y. M. C. A. The course will be part of the Bible Investigation Club's spring term. The Rev. Frederick H. Diehm will teach “The Life of Christ" and Dr. E. A. Robertson “Ancient Hebrew Life and Thought." NEBRASKA IS SNOWBOUND Blanket of White From Half to Several Feet Covers State. Bv United Prett OMAHA, Neb., March 17.—Nebraska is covered with a blanket from half a foot to several feet of snow today. The snow began falling Sunday and continued over most of the State today. In parts of the State the storm was accompanied by high winds, causing delays in railroad schedules. ALVIN H. SMITH TO SPEAK Rotary to Hear Talk on “The Ford Age" at Tuesday Luncheon. Alvin H. Smith, president of the Smith & Moore, Inc., will speak at the Rotary Club luncheon Tuesday at the Claypool. He will talk on "The Ford Age." Twenty-six members of thS organization and their families have signed up for the June Rotary convention in Toronto.

JACKIE COOGAN TO HELP RELIEF FUND | Boy Movie Star to Campaign for Near East Children, Jackie Coogan will forsake the movies for ten weeks this summer to lead a “Children’s Crusade” In an appeal to the children of America for a million dollar shipload of food stuffs for the destitute orphans of the Near East. Jackie is scheduled to come to Indianapolis. “I am glad to allow Jackie to represent the American children in this cause,” Jackie’s father says. Accompanied by his parents the boy movie star will go to the Near East to personally deliver the food to the orphans in Greece, Palestine and Syria. The expense of the trip will be paid by Jaqkie’s parents. Boy Scouts will be invited to greet Jackie in all the cities through which he passes.

Time for a Change LONDON. March 17.—After living for thirty years in a email tank in a London hotel, a carp has now been transferred to a similar establishment In Brighton.

•'Photos That Talk” Phone LI 1250: Res. IR. 3865. 600 Century Bldg:.

The Time* Pink for Late Sport New*

( J Electric Light and Power Q j SERVICE V I MERCHANTS j I Heat and Light Company t \ The Daylight Corner L X

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PROFIT IN TELEPHONING Whenever yon want a decision or information quickly and completely from somebody in another city, use Long Distance. It’s a profitable habit. ® INDIANA BELL TELEPHONE CO. PHIL M. WATSON, Dlv. Com. Mgr.

NEARLY EVERYTHING HAS ADVANCED Commodities of all kinds have advanced In price, rates of every description have raised, yet street car fare in Indianapolis has remained at five cents. Competition has reduced the revenue of the street car company, but improvements and extensions must be made. Help Indianapolis Grow—Ride the Street Cars.

Quality Printing—Legitimate Prices Hendren Printing Company (Incorporated) 465 Century Bldg. Phone, Main 0466

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THE INDIANAPOLIS TIMES

HOOSIER BRIEFS

The Greensburg city council Is rushing plans for building four miles of city sidewalk during the coming season. Funeral services for “Aunt Lydia” McJimsey, were held at Wingate Sunday. An entire community celebrated her 100th birthday last Oct. 3. Mary Rench, Muncie, thought she was destroying evidence when she dropped two bottles of “liquor” out an upstairs window. But, police say, the bottles dropped into a detective’s hand. She was charged with violating the liquor laws. The Rev. R. J. Wade, corresponding secretary of the Committee on Conservation of the M. E. Church, which has charge of the Centenary program celebrated with his father, the Rev. C. U. Wade of Muncie, the latter’s seventy-fifth birthday Sunday. Forty years ago the son was received by his father into the church at Burbon. The Crawfordsville Y. M. C. A. reports that it has been entirely selfsustaining during the last three months, it previoutly being on a nonpaying basis. An * Every Man’s Bible Class,” which meets each Friday, now has a membership of 350. Burglars ransacking Nosett’s general department store at Princeton, didn't realize they had turned in a burglar alarm when they knockVd off

STORAGE BATTERIES $7.00 UP Don’t her* your old battery repaired ; aee me first Sheridan Battery Service Cos., Illinois at Fifteenth. "Bill Sheridan himself.” -

A*k for Browder’s Ice Cream Everybody Say* It’s Good "We give special attention to party orders. Browder Ice Cream Cos. 918 North Senate CI rote *BB4 Cl role XSfiS

a telephone receiver. The operator called Nosett’s home and he arrived only to see the robbers disappear. Crawfordsville’s ‘peanut and pop corn man,” George W. Bastian, 69, is dead. The aged man’s pop corn wagon was an Institution at a main street corner many years. Huntington’s gopl of 500 members in the new Chamber of Commerce has been realized. The Blackford County Farm Bureau is raising SI,OOO from the township bureaus for the purpose of starting a cooperative dairy and produce station at Hartford City. STEWART RITES TUESDAY Aged Resident of City To Bo Buried in Crown 11111. Funeral services of Mrs. W. P. Stewart, 84, who died Friday at her home, 1227 Brookside Ave., a resident of Indianapolis for twenty-five years, will be held Tuesday at 2 p. m. at the home. The Rev. G. H. Boley of the First Free Church will officiate. Burial in Crown Hill Cemetery. Mrs. Stewart was born in Ladoga, Jnd. She is survived by her husband, W. P. Stewart; three daughters, Mrs. A. B. Davis, Mrs. Samuel Coleman and Mrs. E. B. Allen, all of this city, and th.-ee sons, Lon, Joe and M J. Stewart of Indianapolis.

WEEKLY Business and Industrial NEWS

NO EOIIIONS ARt MISSED BY TIMES DURING ITS MOVE Niman Transfer Company Performs Feat in Transferring Plant, To move a newspaper plant In which many editions are published dally without missing the issuance of any of those editions la an accomplishment to be proud of. The moving of the plant of The Indianapolis Times from S Meridian and Pearl Sts. to its new home on W. Mainland St., recently was accomplished and every edition of the newspaper was issued on schedule time. The work of moving was done by the Niman Transfer and Storage Company, 620 S. Senate Ave. and 243 W. Merrill St. Contract Terms Weighed When the management of The Times sought the services of a trana-' fer agency that was capable of handling the gigantic task bids vgere asked before the contract for the work was let. The contract went to the Niman company on a showing by that organization that it was able to handle the big Job expeditiously and safely. The former plant of The Times was equipped with two presses. The first part of the moving called for the transfer of the larger press to the new home. It was dismantled and re- j moved in several truck loads, and while expert press setters were installing It In the lower floor of the new Times Bldg., the editions of the j paper were printed on the single press | on Meridian St. > R-eal Efficiency Test Then came the business office fur- j nlture, flies and valuable records of the newspaper. All the things that could be removed without interruption of publication were installed In the new building before the last edition was off the press. Then came the real test of moving efficiency. The Niman men began with the last rumble of the press turning out the Saturday evening Pink edition, to transfer the editorial room fixtures, all the composing and stereotype equipment, including four heavy steam tables, metal pots of molten meal, used in casting plates and cuts, and twelve linotype machines and a Ludlow type casting machine. Thousands of pounds of other equipment, all of which must bo ready for use long before another edition of the newspaper could be made ready had to be removed to the new headquarters. Haste Is Paramount The mailing room equipment, photoengraving department and all the other adjuncts to modern newspaper publishing had to be hurriedly transferred to the new location and delivered in shape for almost instant use the moment It was installed. Particular care wa.* necessary in the handling of the heavy linotypes because of the delicately adjusted mechanism of these almost human machines. After all the rest, the one remaining press was transferred to its new location and uninterrupted service was supplied the readers of The Times. M. T. Niman is manager of the transfer and storage company, and

9 Patterson Engraving Cos FOPMh-fltV INDIANA BLSCTRQTYPC CQ. Q 5 c Mari)land Street Indianapolis. Ind.

H. H. WOODSMALL & CO., INC. GENERAL INSURANCE—BURETY BONDS “We Insure Everything but the Hereafter.” FIDEUTY TRUST BUILDING

HOME OF U. S. DRY AGENTISBOMBED Further Violence Feared by Chicago Police, By United Press CHICAGO, March 17.—Further violence was feared today by police from rum runners and gansters following the bombing of the home of Brice F. Armstrong, Federal prohibition agent. Armstrong and his family escaped injudy, the bomb wrecking the rear of their home and doing several thousand dollars damage. Armstrong asked police to arrest Terry Druggan and Frankie Lake, police characters. “They have threatened me time and again and now they have resorted to dynamite,” Armstrong reported. Pump Ball From Lung PRAGUE, March 17.—A 16-year old youth, blowing steel balls through a blowpipe, inhaled too strongly and drew one into his lurg. Efforts to extract it with forceps and a magnet were unsuccessful. Then a rubber hose was introduced until its end touched the obstruction, and an air pump was used. It succeeded almost immediately..

associated with him is his father, S. C. Niman. Difficult moving tasks are not new to either member of the firm, but they have reason to be proud of their achievement in moving The Times plant quickly, safely and without permitting an edition of the paper to be missed. PATTERSON OFFERS INSTANT SERVICE Value of ‘Eye Appeal' Recognized by Advertisers, A business statistician has figured that 80 per cent of sales are made as the direct result of "eye appeal.” This fact applies to the retail nelling of merchandise. That “eye appeal" is an essential part of successful advertising is proved by the results that have come from printed advertisements in which the article offered prospective buyers has be.m attractively pictured in the advertisement. The Patterson Engraving Company. 23 W Maryland St., specializes in Illustrations ‘ for advertising purposes, to be reproduced in newspapers and magazines, along with selling text And the Patterson Company has been successful because of long study of the best presentation of pictures for selling purposes. C. A. Patterson, head of the engraving company, has surrounded himself with an organization of artists and skilled ernftsmen who produce good illustration outs for the finest half-tone reproductions and all other kinds of Illustrations. For engravings needed for advertising purposes the Patterson Company maintains a twenty fotmhour service. An illustration turned over to Mr. Patterson in tho morning will be returned in cut form for use In the next day’s newspapers. INCREASE IN CAR FARE NEEDED, SAYS OFFICIAL Opposition to Advance Expected —lnvestigation Invited. Officials of the Indianapolis Street Railway Company who are contemplating the filing of a request for increased car fares to bring a larger revenue to the company, recognized before they let It be known the request would bo made, that a controversy would be a natural result. "Wo know that our patrons will be divided bn their opinions,” said an official of the company today. "It Is a natural consequence when the knowledge becomes public that people are going to be asked to pay more for any service. But we take the attitude that the public should consider the value of the service it is receiving. "If it costs more than 6 cents to transport a passenger and provide the necessary number of cars, the patron of the street car must pay accordingly. With an official statement of a committee of the Federation of Civic Clubs, which Investigated our company’s needs In 1922, and after the recent examination by the city’s expert accountant, both of which state that the Indianapolis Street Railway Company should have additional revenue, we feel that the average citizen is not opposed to an increase in fares. "We believe opposition to our appeal for financial relief through the medium of increased fares must come from a lack of understanding of the real facts in the case."

MAILING OPERATIONS APPKESSOORArH MIMEOGRAPH Ml LTIGRAPH

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America’s Finest Electric DeLuxe Buffet-Parlor Car Service —BETWEEN— Indianapolis and Louisville, Ky. Leaves Indianapolis 11 A. M. and 5 P. M. Arrives Louisville 2:45 P. M. and 8:45 P. M. Seat Reservations, Terminal Station Main 4500 INTERSTATE “The Electric Way** Seven All-Steel Dixie Flier* Daily C. B. MOWERY Supt. Dining Car Service. *

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Automobile Glass Replaced While You Walt Building Glass of All Kinds Indianapolis Glass. Cos. 1002 Kentucky Ave. Cfr. 7727.

WASTE PAPER We Buy AU Kinds Mein 60*9 American Paper Stock Company Incorporated

SB. Boaz, Jr. SIGNS MA in 2463 IE ARCADE

MEDICATED SULPHUR BATHS for Rheumatism, Colds and All Kindred Ailments. Mr. and Mrs. K. E. Lynn 919V4 N. New Jersey. Main 9131.

MARION COUNTY STATE BANK 189 Kaat Market Street Some of the Chrleumae Savin*# Clnb.

MONDAY, MARCH 17, 192\,

Foster and Messick Telephone, MA in 6100 FLETCHER TRUST BUILDING Surety Bonds and Casualty Insurance

The Times Pink for Late Sport New*

TOURS STEAMSHIP TICKETS LETTERS OF CREDIT FOREIGN EXCHANGE TOURS TRAVELERS’ CHECKS Richard A. Kurtz, Manager, Foreign DeL The Union Trust Cos. 120 East Market Street MA In 1576, 2853

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If It*s for Your Office, We Have It HILLER Office Supply Cos. 28 S. Penna. St. Just Phone Circle 0611

We will build you a home of 4 or 6 rooms, furnish the money and you can pay like rent. FLOYD PETERMAN 509 Mass. Ave, MAin 7029 WEbster 4327