Indianapolis Times, Volume 41, Number 240, Indianapolis, Marion County, 15 February 1930 — Page 1

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SEA SECURITY PACT OPPOSED BY AMERICANS U. S. Delegates Will Await Reaction of Senate on Proposal. AVOID JOINT WAR ACTS French Reduction in Naval Tonnage Figures Is Sought. BY RAYMOND CLAPPER United Press Staff Correspondent LONDON, Feb. 15.—The American delegation to the London naval conference ia strongly opposed with what it considers good political reasons to entering any protective agreement to safeguard the Mediterranean or any other specific sea. The delegation, it is furthermore understood, will make no tentative commitments on such a pact, under any circumstances, until it is able to judge the reaction of the American senate to such proposal, and until France leads the way by a voluntary reduction in her naval tonnage figures . Refuse War Action A number of United States delegates are willing to enter any arrangement by which America may be called in to confer with the powers in the event peace seems to be threatened, but they will refuse to enter into any accord that would bind the United States to joint action in the event of war. If France will be satisfied with a pact similar to the Pacific agreement, and one which does not specify the Mediterranean as the particular ground where it shall be operative, there is a chance the United States might agree. Want Real Treaty The French want the other nations to go much further and sign a real security treaty. Failing that, however, they may be satisfied with the sort of moral agreement that is in the minds of the Americans. The fourth week of the conference ends today with tentative tonnage figures from all the powers now made public. These figures have been stretched to their utmost in the initial presentation to the conference. Some time now will be spent in attempting to revise them downward, a delicate and slow process. HOG PRICES END WEEK UNCHANGED AT YARDS No! Much Trade in Catlle Market; Sheep Are Steady. Hogs at the close of the week’s market today at the Union stockyards were holding steady, prices for the bulk, 160 to 300 pounds, ranging from $11.15 to $11.50. Top price paid was $11.60. Receipts were 2.000: holdovers, 242. Cattle receipts were 100. With the small number of new arrivals not much trade was forthcoming. Calf receipts were 150, steady at sls down. Sheep were quotably steady with receipts numbering 300. Chicago hog rece pts were 15,000, including 12.000 direct. Holdovers were 5,000. Today s market was slow with a few early bids steady to 10 cents lower than Friday’s average. Choice 215 to 225 pouss wetghts brought sll.lO to $11.15; around 235 pound averages, $10.85.! Cattle receipts were 300; sheep. 7,C00. INSANITY SUSPECT HELD Man 1-caps From Train Believing Some One Is Chasing Him. Bu United rress SCRANTON. Pa.. Feb. 15.—Henry Bache, Chicago, is in the county hospital for the insane today after jumping from a passenger train on the Lackawanna railroad in the belief that someone was chasing him. He was taken to city hall by a taxi driver whom he had ordered to drive him to Philadelphia, after making the leap. MENINGITIS TOLL GAINS Ramus Y’ount. 20, Taken to Hospital With Spinal Malady. Total number of cerebro-spinal meningitis cases mounted to 108 today with the report that Ramus Yount, 20. of 1231 North Olney street was taken to city hosp.tal with the malady. Robert Morgan, 3. of 977 West Pearl street was taken to the hospital after a clinical diagnosis of meningitis. The report on the cul- l ture has not been completed to establish definitely the nature of the disease. LONG TRIP FOR DIVORCE Actress Gets Decree in Reno After Futile Effort in Paris. KV Unit'd f'rr** HOLLYWOOD. Cal.. Feb. 15.- ' Miriam Crosby, musical comedy star, was back in Hollywood today with a divorce for which she had traveled 10,000 miles. The actress was granted a decree from Roland Tevlin. New York oualness men in Reno, Nev., last week, after attempts to obtain the decree in Paris courts had failed. 1

Complete Wire Reports of UNITED PRESS, The Greatest World-Wide News Service

The Indianapolis Times Clearing this afternoon, followed by fair tonight and Sunday; colder tonight, lowest temperature 5 to 10 degrees; warmer Sunday.

VOLUME 41—NUMBER 240

MERCURY WILL TOPPLE TO 10 ABOVE TONIGHT; BREAK IS DUE MONDAY

For Art's Sake It’s Just One Thing After Another in Dear Old Chicago.

I! i I'nitcd Pres* CHICAGO, Feb. 15.—Chicago taxicab drivers are used to anything, with gang shooting and such occurring every day or so, and therefore this particular driver was not surprised when a man got in with what appeared to be a human body wrapped in a green cloth. “Drive carefully,” warned the passenger as he gave an address. The driver touched his cap and, started away slowly, wondering what would happen next. Six men, pursuing in a limousine, answered the question. They surrounded the cab, revolvers drawn. “What have you got there?” demanded one. Oskar J. W. Hansen, sculptor, chuckled as he uncovered his marble statue, “Tne Madonna,” which won an art institute prize. Hansen said the men might have been prohibition officers, or plainclothes police. He didn’t know.

IDENTIFY WOUNDED YOUTH AS BANDIT

Joseph Facconl, 17, of 112 South Davidson street, today was identified, police said, as one of two bandits who, on Dec. 12, 1929, held up the office of the E. A. Newcomer Lumber Company at Beech Grove and escaped with S6OO. Facconi is held at Terre Haute, where he was wounded in a gun

BELIEVE BYRD COMING BACK Radio Call Reports Final Message From Party. Bu United Press SOUTH DARTMOUTH, Mass., Feb. 15.—At conclusion of a conversation Friday night, the radio operator of the Byrd Antarctic expedition informed the Massachusetts Institute of Technology’s research station here that it would be “the last time w r e will talk to you from Little America.” The local station had been in communication with the Byrd party for the past month, exchanging messages for about thirty minutes each evening. Friday night, the radio conversation lasted more than a half hour. The south pole party was experiencing 10 below zero temperature, the expedition’s operator revealed. BANDIT IS IDENTIFIED Slain Holdup Man Known as Chicago Rackeeter. Bu l r nited Press DETROIT, Feb. 15.—With identification of the bandit slain in the holdup of the main Western Union Telegraph Company office here Thursday night as a Chicago racketeer and murderer, extra details of detectives today were assigned to continue search for the three bandits who escaped. Two special guards were wounded fatally in the holdup. A photograph and fingerprints of the slain bandit were identified in Chicago late Friday as Raymond O'Loughlin, alias Hickey, 30. O’Laughlin, was sought in the Illinois city for the murder of Benjamin Pfluger, shot and killed as he sat in an automobile on the south side last June. He also was known to Chicago police as a racketeer. DIPLOMAT GRAVELY ILL Alexander Moore, Envoy to Poland, Taken to Hospital. Bv United Press LOS ANGELES, Feb. 15—Alexander P. Moore, newly appointed United States ambassador to Poland, was in the California hospital here today, gravely ill. The ambassador was removed from the Pottenger sanitarium at Monrovia, according to Dr. P. G. White, in order that he might receive attention which only hospital facilities could afford. A cold which settled in the diplomat's throat, created complications of a serious nature, it was said. BEERYTtILL IN DANGER Actor Passes Comfortable Night Following Operation. HOLLYWOOD, Feb. 15.—While Noah Beery, screen actor, spent a comfortable night at the Hollywood hospital, where he underwent an eperation for appendicitis, he was not entirely out of danger today, physicians said. y

Rising- Temperature After Week-End to Erase First Traces of Winter Weather This Month; Snow Comes Unexpected.

•A thin blanket of snow that covered Indianapolis this morning will linger until after Sunday, J*H. Armington, United States weather bureau meteorologist, said today. The mecury will sink until tonight it will stand between 5 and 10 dei grees, he predicted. However, rising temperatures after the week-end, j probably will erase the month’s first verstige of winter. The snowfall was unexpected. Clear weather is forecast for the next two or three days, and Sunday or Monday will bring temperatures to | break the first cold wave since January.

Snow Coats Section Bu L ailed Press CHICAGO, Feb. 15.—A heartshaped blanket of snow coated the middle west today as frigid blasts swept down from the Canadian subarctic and sent temperatures plunging in the Mississippi valley. The mercury stood at the 18-de-gree-below-zero mark at Duluth, Minn., Friday, while snow covered the area from the Rocky mountains almost to the Alleghenies and then tapered out to a point in the Mississippi valley. The heavy snow caused the death of a 70-year-old man at St. Cloud, Minn. He was killed when a snow plow crashed into the automobile in which he was riding. The driver of the car was injured seriously.

battle with two motorcycle officers Wednesday. One companion, Roscoe Parsons, 19, of 719 Lord street, was shot and killed in the gun duel. Police say Henry Schekels, 20, of 3322 West Vermont street, arrested here Thursday as a companion of two in filling station holdups at 'lerre Haute Wednesday night, confessed to four holdups, two here and two at Danville, and to burglary of the Em-Roe sporting goods store on West Washington street here. He also admitted many car thefts and implicated three other youths who jvere arrested, according to police. The reported positive Identification of a photograph of Facconi by Newcomer and his office workers today led police to believe the gang of youths was involved in many unsolved crimes here. Facconi will be questioned at Terre Haute within the next few days. Burglars entered the Newcomer office again Friday night and battered the combination off a safe, but failed to force the door.

URGES SESSION FOR SCHOOL AID ACTION

A special legislative session offers the only solution of Indiana’s dire state aid school problem, Alonzo H. Lindley, state senator and chairman of the state aid commission’s subcommittee on taxation, reported at a conference of the commission with Governor Harry G. Leslie today. Recommending a special session of the general assembly be called, Lindley asserted in his opinion “the state can levy an income tax with-

AFFIRM TAX RULING U. S. Decree Makes Chain Store Opinion Legal. Pinal decree has been entered In federal court here in the suit of Lafayette A. Jackson against the state board of tax commissioners to prevent enforcement of the 1929 state law taxing chain stores. The decree affirms and makes legal an opinion previously made public in which the chain store licensing and taxing statute was held illegal. Decree was entered by Judge Will M. Sparks of the circuit court of appeals, Chicago, and District Judge Robert C. Baltzell and Thomas W. Slick. LEAVES WORLD COURT New U. S. Chief Justice Resigns, Effective Immediately. Bv I'nitcd Press GENEVA, Feb. 15.—Charles Evans Hughes today sent the League of Nations his resignation from the permanent court of international justice, effective immediately. The resignation was cabled to the league secretariat. GIVES WRONG ADDRESS Woman Says Man Held .After Crash Does Not Live at Her Home. The address of Harry Clark, 29, given in The Times Thursday as 3916 East Washington street, was incorrect, according to Mrs. T. J. Gillespie, of that address. Clark, whose correct address is 811 Virginia avenue, gave Mrs. Gillespie’s number to police when arrested on charges of drunkenness and manslaughter following an accident Wednesday night in which Miss Viva Brown, 22, was injured fatally.

INDIANAPOLIS, SATURDAY, FEBRUARY 15, 1930

FUND CAMPAIGN OF CHAMBER IS TEST FOR CITY Second Division of Sales Army Leads Drive for $170,000. Division No. 2 of the “Sales army,” with J. J. Fitzgerald as colonel, still holds the lead in the Chamber of Commerce Forward Indianapolis campaign. Its subscription total for the first three days of the $170,000 drive was $3,212 Friday noon. The total for the sales army and the activities group at that time was $41,569. In an address at the report luncheon Friday, Paul Q. Richey, president of the Chamber of Commerce, said that this campaign was a test for Indianapolis. He poined out that as the “Forward” drive largely is for the purpose of fostering industrial activity and employment, the closer Indianapolis citizens come to reaching this goal, the less will be needed in future Community Fund drives, the result of poverty and want through unemployment. The next report luncheon will be held at the Chamber of Commerce Monday. ASK RELIGIOUS LIBERTY Greek Church Files Protest on Persecution by Soviets. Bjj United Press ATHENS, Greece, Feb. 15.—The synod of the Greek church today forwarded to the League of Nations a protest against alleged religious persecutions by the Soviet government. The synod asks the league to intervene in behalf of religious liberty.

out amending the Constitution, attorneys’ opinions to the contrary. “There is no possible solution without a special session,” he declared. “The legislature can enact an income tax, a sales or excise tax, or any other tax it desires.” Lindley advocated placing church and fraternal property back on the tax duplicate. By removing the tax exemption from all property other than that owned by the federal, state, county and municipal governmental units, the total taxable property list would be increased approximately 25 per cent, Lindley said. The school aid commission was created by act of the 1929 legislature. Investigation of finances of school corporations in the state aid counties of southern Indana indicate scores of schools must be closed unless relief is forthcoming. Approximately $1,000,000 already is owed the state aid units by the state.

Prison Ruler

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If there’s another mutiny in. the Colorado state penitentiary you can blame Colonel Patrick J. Hamrock. shown above. He says so himself. Colonel Hamrock has just been named "military dictator” of the prison by the "State in a drastic effort to. bring peace to the revolt-torn institution.” In the Air Weather conditions in the air at 9:30 a. m.: North wind. 17 miles an hour; barometric pressure, 3.43 at sea level: temperature, 16; ceiling unlimited; visibility, 2 miles; field, light snow.

SCORE NOBILE FOR INABILITY’ ON POLE TRIP Lacked Technical, Executive Requirements, Finding of Probe Body. 17 LIVES DISASTER TOLL No Charges of Cannibalism Are Laid to Survivors of Italia Crash. BY THOMAS B. MORGAN United Press Staff Correspondent ROME, Feb. 15.—Umberto Nobile, who led the dirigible Italia polar expedition to the north pole in 1928, was found by an official investigating committee today to have “proved himself, by his conduct, to have limited technical ability and to have lacked the ability to command.” The Italia crashed in the Arctic ice fields on its return from the pole and the lives of eight members of the expedition and nine rescuers were lost, Nobile, who was rescued, later resigned his rank. The committee of investigation, which today issued its story of one of the most disastrous Arctic expeditions in history, excluded any charges of cannibalism against the survivors of the wreck to the dirigible. The official report said: “Nobile, after the catastrophe, In saving himself first on Captain Einar Lundborg’s machine, abandoned his companions on the ice pack to a fate which might have been mortal, failed in his duty as a general and a commander.” Referring to the manner in which Nobile handled the airship and the crew in the face of disaster, the report took up his qualifications, saying: “During the investigation it was learned he was invalided home from the front and then succeeded in becoming competent in piloting dirigibles with the simple license of a tester.” DRY RALLY IN LAW DEFENSE House Is Battleground for Prohibition Warfare. Bu United Press WASHINGTON, Feb. 15.—Replying to the current clamor for modification or repeal of the eighteenth amendment, prohibiitonists, both in and out of congress, rallied their forces today for a vigorous defensive campaign. In the house, which has become tne principal battleground of prohibition warfare, Representative Reedy (Rep., Me.) and Representative Sproul (Rep., Ka&.) took up the fight for the dry cause. Both were allotted time for lengthy speeches. Representative La Guardia (Rep., N. Y.) was given fifteen minutes to make the rebuttal arguments for the wets. Meanwhile Dr. E. C. Dinwiddle of the National Conference of Organizations Supporting the Eighteenth Amendment, met with unofficial dry leaders to outline a plan of action for the house judiciary committee wet hearing to be resumed next Wednesday. HOLDS HOSPITAL Lone Bandit Wrests Cash Box From Man* Bu United Press DETROIT, Feb. 15.—Brandishing a revolver to quell two sisters and three employes of Providence hospital, a lone bandit today seized the $5,000 hospital pay roll and escaped. The man stood in line with employes until he reached the cashier’s window. Then, drawing his gun, he reached for the cash box, at the same time ordering all present to keep quiet. Sister Rosario tried to hold on to the cash box, but he wrested it from her and ran.

TALK ON FILMS IS HEARD BY SOCIETY Eastman Kodak Official Speaks at Chemical Group Dinner. There are more microscopic silver crystals on a square inch of motion picture film than there are human beings on the surface of the globe. C. E. K. Mees, director of the Eastman Kodak Company research laboratory at Rochester, N. Y., said at The American Chemical Society dinner at the Lincoln Friday night. The silver crystals, broken up. appear similar to little masses of coke beneath a microscope, Mees declared. Sensitiveness of films is not due to the grains of silver bromide, but to an impurity in the gelatin, it was discovered recently, he said. Hourly Temperatures 6 a. m 22 9 a. m 15 7a. m 19 10 a. m..... 16 8 a. m..... 16

Betrothal Is Announced

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Signorina Edda Mussolini Bu United Press ROME, Feb. 15.—Betrothal of Edda Mussolini, daughter of Premier Benito Mussolini, to Count Galeazzo Ciano was announced today. Signorina Mussolini is 19. Her fiance is under 30, and the son of Constanzo Ciano, noted Italian diplomat, now minister of communications in the Mussolini cabinet. The daughter of the most powerful figure in Italy, Signorina Mussolini once was mentioned as the possible bride for Crown Prince Humbert, before the announcement, lats year, of the alliance between the house of Savoy and the Belgian royal family. Count Galeazzo Ciano now is secretary tb the Italian embassy at Vatican City.

TWO-WEEK TARIFF DEADLINE IS SET

BY PAUL R. MALLON United Press Staff Correspondent WASHINGTON, Feb. 15.—Assurances that the' tariff bill will be passed by the senate within two weeks were given today by Republican Floor Leader Watson. Under agreements which have been made, Watson said he expected the measure, which has occupied the senate to the exclusion of most other business since last October could be passed within two more weeks. “There is ho evidence whatsoever of a filibuster,” Watson said, “and there is every indication that the various groups are joining to get the bill passed and into conference with the house.” Watson’s assurances belied any suspicion that the Republicans intended to hold up the measure which has been changed bo vitally against their wishes. It was pointed out nearly all the important issues con-

Opening Markets

NEW YORK, Feb. 15.—Week-end profit-taking brought the majority of prices on the Stock Exctiange down fractionally today. Trading was fairly aticve featured by a block of 11,900 shares of Packand Motor at 16%, off %; 6,000 Alleghany Corporation at 34% unchanged, and 5,000 United States Steel at 188%, off %. Strength w’as exhibited by American Machine and Foundry, up %, at 259%; Purity Baking, up 2%, at 88%; Stone & Webster, up 1, at 99; Lima Locomotive, up 1%, at 45%. Fractional advances were scored by Moon Motor, New York Central, North American, Montgomery Ward, Continental Baking A, Standard Gas, Yellow Truck, Westinghouse Electric, Westinghouse Air Brake, United States Industrial Alcohol, Allied Chemical, Public Service and American Can. Fractional losses were recorded in General Motors, Radio Corporation, Texas Gulf Sulphur, Anaconda, Atlantic Refining, Radio Keith Orpheum, Standard of New Jersey, Fox, Vanadium, Gold Dust, Sinclair and New Haven. Sears Roebuck declined 1% to 89. During the early trading many issues moved forward. Steel common, however, met profit-taking that brought it down to 188%. However, Kennecott advanced more than a point and demand developed for such issues as Youngstown Sheet and Tube, Republic Iron and Steel and several of the railroad equipments. Gillette opened at 91 up 2 points and then moved up another point as shorts were driven to cover. Buying and covering in the issues were started by a statement by the management that rumors concerning heavy competition for the company were erroneous and circulated merely to do harm to the issue so that it could easily be depressed. New York Stocks Opening (By Thompson & McKinnon) —Feb. IS— Allis Chalmers 40% Am Can 143 H Am Car Fdry Am Smelting ”3% Am Bt*el Fdry SO’i Am Sugar 61-a Am Tel & Tel ..., f 231% Anaconda \ W% Armour "A'* •

Entered as Second-Class Matter at Fostoffice, Indianapolis

nected with the tariff now have been acted upon by the senate. Another fight will be staged over the retention of the 1.76 cents a pound duty on sugar and upon the brick and cement schedules, but there is a disposition on the part of all factions to vote rather than talk. One more case will be permitted to intervene next Tuesday when the senate takes up the contested nomination of Hugh M. Tate, Knoxville (Tenn.) attorney, to be member of the interstate commerce commission. It is understood some of the independent group, including Senator Black (Dem., Ala.), are planning a fight against the nomination similar to the contest over confirmation of Chief Justice Hughes. The independents claim Tate was a railroad attorney while he recently testified before the senate interstate commerce committee that the only railroad business his firm conducted was in connection with damage suits.

B & O 118% Beth Steel 102% Canadian Pac 219’/* Chgo & Northwestern 89 Chrysler 37% Oons Gas Cos 119 Cont Can 62 Cont Motors 6% Corn Products 95% Famous Players 65 Klsk Tire 3% Gen Asphalt 57 Gen Electric (New) 76% Gen Motors 43 V* Hupp Motors 22 Kenn Cop 50 Lehigh valley 76% Mid Conti Pete 25 Mont Ward 42% N Y Central 192 N Y N H & H l^S'/ Nor Amn .1n7% Pennsylvania 84 1 /* Real Silk 56 Rep Iron & Steel 79 St Paul pfd 44% Sears Roebuck 89 Sinclair 23 V* Tob Products 5 Un Carbide A Carbon 93 U S Alcohol 121% U 8 Cast Iron Pipe 32% 17 S Rubber 28% U S Steel 188% United Air Cralt 48% White Motors 347, Wlllys Over ■ 10% New York Curb Market (By Thomson & McKinnon) —Feb. 15— Allied Power • 50% Am Super Power (A) 31% Amer Gas 137 Assoc Gas 44% Aviation Corp 33 Blue Ridge 9% Cities Service 22% Elec Bond and Share 100% Ford of Canada (A) 30% Fox Theater 6% Fokker 18 Goldman 6achs 39% Mid West Utilities 33% Marine 41% No Amer Aviation 7% Ohio Oil 68% Penroad 16 Petrol Corp 21% Standard Oil, Ind 51% Standard Oil. Ky 36% United L and P (A) 39% Vacuum Oil 9i% Chicago Stocks Opening (By James T. Hamill Company) —Feb. 15— Auburn 230 Bendix Aviation 39% Borg Warner 40 Butler 11% Chgo Corn 14% Cord Oorp 12% Cent Pub Ser 37% Const Mat pfd 38% Erla Radio 1% Grigsby Grurtow 14% Gen Thea 47 Houd Hershey A 28 Iron Fireman 23% Insull Util com 69% Libby MrNeal 19% Midland United 29 Middle West 33% Nat! Securities . 20 Nor Amer Lt A Pwr 70 Nat Standard 34% NobllU Soarfca 49% United Pwr & Lt 26% Swift Internatl D2% Utility Industrial 22% Zenith Radio 10%

NOON

TWO CENTS

Outside Marlon County 3 Cents

GARY SENATOR RESENTS SLAP AT EDUCATOR D. A. R. Confront Danger of Becoming Reactionary, Asserts Holmes. DEFENDS OXNAM STAND Cites Mexican Oil Situation, Recent Bread Riots by Unemployed. Danger of the D. A. R. becoming “the Daughters of American Reaction,” under leadership of such “super-patriots” as Mrs. Electa Chase Murphy, Muncie, was pointed out today by State Senator C. Oliver Holmes, Gary, in commenting on the Murphy-Oxnam controversy. Mrs. Murphy has asked AttorneyGeneral James M. Ogden to prevent Dr. G. Bromley Oxnam, De Pauw university president, from making addresses similar to the one delivered at the Indiana state reformatory last Sunday on the grounds that the speech tended to make prisoners disloyal anarchists and communists. She objected to Oxnam’s suggestion of making “America first” mean “America first in world service and not in theft of Mexican oil lands.” Came Close to War “Dr. Oxnam could have dug up the records of some years back and showed how close we came to going to war with Mexico because of her oil laws and to make oil holdings there safe for American millionaires,” Holmes declared. "The true patriot will want to see his country right and do what he can to put it right, rather than defend an indefensible position. It was the pressure of enlightened and patriotic public opinion which brought tire administration to change its Mexican course and prevented a purely coi nercial conflict. “I wish that Mrs. lurphy could have been with me t is week at a Methodist conferen( * held in Cleveland. Stage Bread Riots “While the conference was in session there were bread riots of the unemployed in that city. “Soapbox speakers read from the Wall Street Journal accounts of various American manufacturers declaring the largest dividend In their history. Yet here in this land of plenty were people rioting for want of bread. “Surely there is some remedy for such a system of absolutely inequitable distribution of the bare necesisties of life. “These facts remain facts and should be faced, whether they are brought to public attention by communist or Christian. “Surely the way to save our country and our governmental system is to remove just cause of criticism.” Opposed I). A. R. Bill Holmes was one of the few senators who opposed the D. A. R. bill requiring all teachers to take oaths of allegiance. He pointed out that it was an insult to one of the outstanding groups of patriotic Hoosiers, the teachers in the schools. The measure became a law, but the 1929 legislature did turn down the D. A. R. plan to tie supreme court decisions with red, white and blue ribbon. They still are tied with just plain red. Mrs. Murphy is chairman of the national defense council of the Indiana society. Daughters of the American Revolution.

In the Stock Market

(By Thomson <fc McKinnon) NEW YORK, Feb. 15.—Optimism over the business outlook, predicated on the steel industrys activity, expanding automobile production, generally improved sentiment and the strength of the stock market, is voiced by one of the best known middlewestem bankers in his monthly digest of conditions. Further, he finds that the available evidence amply justifies the conclusion that the decline in business is over and that improvement is denitely indicated. It is significant that the week end trade reviews again are encouraging, pointing to the extent of the recuperation in most lines of business. They stress the fact that the deliberate recovery now occurring probably is sounder than one marked by spectacular gains which might prove transitory in nature. We find ourselves in hearty agreement with these sentiments and am distinctly encouraged because the constructive reports of business activity which comes to hand. Accordingly, we maintain our conviction that commitments in sound stocks are warranted, both by present conditions as well as by the future outlook, and particularly when such issues are available at temporary price concessions. We feel Investors should not hesitate to undertake purchases. FIFTY STITCHES NEEDED Nego Severely Wounded in Head During Alleged Fight. Fifty stitches were necessary to close a wound in the head of Warfield Hoosier, Negro, after a fight between Hoosier and Cyrus Tyler, Negro. 1503 Columbia avenue, at Tyler's home. Both wei^£ with assault and bat.teryj' and left arm were slaatiH