Indianapolis Times, Volume 43, Number 152, Indianapolis, Marion County, 4 November 1931 — Page 9

NOV. 4, 1931.

‘BIGGEST BULL' i EXPLAINS WHY I WHEAT IS UP Durum’s Rise Given Credit i for Price Boom by t Arthur Cutten. BY HAROLD E. RAINVJLLE I I nitert l're* Staff C'nrrriDondrnt 'CoDvrtKht. 1931. bv United Press) CHICAGO, Nov. 4.—Arthur Cutten. veteran grain trader who has owned more wheat at one time than ftny other man, today explained to the United Press the rising grain rnarket which has brought millions to American farmers in the last few weeks on the basis of supply and demand. Concerning reports he had made a fortune out of the wheat market on the rise, Cutten said he could make no statement. "That would hurt the market, ’ he said. Biggest Bull of All The white-haired trader known in the wheat pits as “the biggest bull of them all" explained why, in his opinion, the rise was taking place. “Today, amber durum wheat sold fit $1 a bushel in Minneapolis. That’s what the papers ought to print. Look here. Number 2 ambei* durum wheat was 69% to 95% cents. And durum wheat usually sells at a discount under northern. “That’s why wheat is going up. He pointed out that the American market was lower than any other. “Winnipeg is selling wheat, lots of it, at higher prices than we are. Liverpool is a selling over Chicago. There's a demand for wheat or it wouldn’t go up.’’

It’s Good Idea Cutten said he did not know whether Germany was reselling wheat bought from the farm board at a profit, but thought it was “a good idea.” ‘‘Maybe the Germans are doing that; I don’t know,” he said. As for any one being ‘‘behind” the market, Cutten said: “You don't see any orders for half a million bushels of wheat coming into the market, do you? It s all little ordei'S. Big men don’t do things like that. The public, however, is not in this market to any extent.’’ While Cutten carefully refrained from any prediction as to the course of the market, he painted a decidedly optimistic picture. “You may say,” he said, ‘‘that the market id fundamentally sound.” Indiana Benefited Rise in price of grains in the last month has increased value of grain holdings of Indiana farmers more than $6,500,000, according to estimates prepared today by Prank Arn, Central States Grain Association president. Seventeen-cent increase in price of wheat brought the greatest benefit to the farmer, estimated at $3,060,000, Aim said. The estimate was based on approximately 18,000,000 bushels of wheat still on farms. Corn holdings, estimated at 300.000.000 bushels, including only the amount to be marketed, incieased in value about $2,400,000, due to an 8-cent market rise. Oats holdings, amounting to 15,000.000 bushex to be marketed by farmers, were enhanced in value approximately $1,050,000, through a 7-cent rise, Arn’s figures showed. SCANS CANAL CONTRACT Interior Secretary Wilbur May Approve Action Today. By i tilled Bn ** WASHINGTON, Nov. 4.—lnterior Seci-etary Ray Lyman Wilbur said today that he expected to approve the contract form for the all-Amer-ican canal this afternoon. Interior department legal officers have finished their final examination of the contracts, which covers the irrigation development of the Boulder Dam project, and have recommended the secretary's approval.

Py \ ► A distinctive train — carrying on A | ► every trip across the continent a •* ** y distinguished group of travelers ( I who a PP reciate its time-saving \0 schedule, its suave, smooth service ! ;\s°une : and famous food. . _+ j r The Chief will carry a special j 0 | p Phoenix Pullman this winter. Vy | p After California — Hawaii. & Make your Pullman reservation! early **•> V’ . E. P. FISHER. Gen. Agent A 9 SANTA FE RY. Q> P*ggssyiliffii!lLlk 311 Merchants Bank Bldg. • Phone: Riley 8077 -

hm 'p! eU iMe.

BY BEN STERN

"ITE 7TTH removal of presidential, * senatorial and gubernatorial contests from the primary elections, the real center of political interest in the 1932 primary campaign will be pitched upon two congressional battles. These are expected by observers to be the affair between Fred Purnell of Attica, and Noble Johnson of Terre Haute for the G. O. P. nomination in the new Sixth; and that between Eugene B. Crowe of Bedford, and Harry C. Canfield of Batesville for the Democrats in the new Ninth. It is with the former that we are particularly taken at this time, because of the statement of Johnson at the Crawfordsville rally Monday, that he will be a candidate. Purnell, known as “Farmer’s Friend Fred,” was re-elected from the old Ninth by a majority of 335 after a bitter battle; while Johnson, three-time congressman from the old Fifth, was defeated by Cortland C. Gillen of Greencastle, tby 2,436. Despite this defeat, however, Johnson wants to stage a comeback, but the situation has altered greatly since the 1930 election. tt ' n When the general assembly reapportioned the state it threw Johnson and Purnell together into one district, the r.ew Sixth. Yet it gave the former a tactical advantage, in that of the ten counties, five were selected from Johnson’s old domain and four from Purnell’s, while Warren was taken from the old Tenth. n The latter county, no doubt, can be counted in Fred’s column, because it is purely agricultural, and he has espoused that cause, and also because It borders on his own home, Fountain county. On the other hand, the most heavily populated counties in the new district are those absorbed from the old Fifth and are industrial in character. These include Vigo, of which Terre Haute is the county seat; Vermillion, which is devoted to coal mining, and Parke, Putnam and Hendricks. The last two are agricultural. Although Johnson has this initial advantage, yet he will have to carry a load of factional disturbance, which may lose for him Terre Haute. This strife is caused by the postmastership fight at Terre Haute, which flared up at the Crawfordsville meeting. • tt n u As congressman from the old Fifth, it was Johnson’s duty to name a postmaster for Terre Haute. The term of the incumbent, Will Hays, expired in February while Johnson’s congressional service ended in March. Ins'tead of settling this question, Johnson passed the buck to the two Republican senators and this has caused a flare-back. Vigo Republican precinct committeemen demand that Hugh Cuthbertson, county chairman, be appointed postmaster. Difficulty of this, however, is that in two examinations, Cuthbertson could not make the eligible list. The committeemen charge that Johnson could have fixed it so that Hugh would have been given the appointment, and in their bitterness they intend to retaliate. If they stay sore long enough, Johnson will not be able to rely on the advantage he expects to gain from residing in Vigo county. That should cinch it for Purnell. Receivership Asked By Times Special ANDERSON, Ind., Nov. 4.—Because he is unable to effect an amicable arrangement with his divorced wife concerning- their joint equity in a residence propeity, Otis R. Forkner, photographer, filed suit asking appointment of a receiver to take charge of the property.

TWO COPS ARE DISCHARGED BY SAFETY BOARD Alva Thompson, Verl Davis Found Guilty of Conduct Unbecoming Officers. One patrolman and a motorcycle policeman were dismissed from the police force today after the safety board found them guilty of conduct unbecoming officers. They* were tried Tuesday before the board, which waited until today to announce its decision. Alva Beryl Thompson, 30. motorcycle policeman, was accused of defrauding Claude Caylor, 24, of 1804 Ashland avenue, of SSO under “particularly iniquitous circumstances.” Caylor alleged Thompson accepted SSO for agreeing to fix a liquor case with the court. The board also discharged Verl Davis, patrolman, who was charged with unbecoming conduct in connection with an alleged “hot” check, given him by E. L. Brasier, now in jail at Logansport. Forest Kidwell, grocer at Sixteenth street and College avenue, complained Davis “used his uniform to get the check cashed.” Thompson denied he had agreed to “fix” things so that Caylor would not have to report to the court’s probation department. Caylor was on probation after being found guilty by Municipal Judge Clifton R. Cameron, March 17, of reckless driving and operating a vehicle while under the influence of liquor. Caylor had paid only $8 of fine and costs totaling S7O, testimony revealed. Caylor charged Thompson used the money for a vacation and never paid it back. *

w rather have a Chesterfield and now we / te 11 you why... * GOOD...they’ve got to be good! „ .

THE INDIANAPOLIS TIMES

Nicest Part of the Job

rS Jl gjifcL I

Left to right: Raymond Ader, 2338 Prospect street; Clayton Burres, 1629 North New Jersey street, and Helen Shuey, 701 Sanders street.

It’s swell to be promoted, but when girls like Helen Shuey start giving their congratulations—well, just look at those smiles. Raymond Ader is the newly ap-

pointed major of the R. O. T. C. battalion at Manual Training high school. Clayton Burres received a. captaincy, as did Robert McDaniel, who missed the picture.

!RUSSIAN HELP FOR CHINA SEEN WORLOMENACE Educator, Just Returned From Orient, Declares Aid !\*ay Be Asked. “If China forms a coalition with Russia, it is probable the rest of the world will be drawn Into another war,” declared Professor James M. Yard, of Northwestern university, here Tuesday. “China, torn between old tradi- ! tions and the new nationalism, its .people bitterly resenting Japanese 1 advances in Manchuria, may turn to Soviet Russia for aid," said the professor who just has returned from China and Japan where he spent the summer as a guest of the governments. His declarations were voiced at ' the Rotary Club luncheon. Pro - -1 fessor Yard lived in China for fifteen years and is familiar with the political, social and religious situa- ; tion in that rapidly growing counI try. “Japan needs Manchuria as a I source of food, as a factor in its j national defense and —for the Fu Shun coal mines, probably the richest in the world,” Dr. Yard said. “The island empire justifies its ‘emergency’ invasion by claiming | that treaty rights have been ig- ! nored. Japan claims that the Man- ! churian government is too weak to i protect the 200,000 Japanese subjects living in that region, that the government can not guard .the billion dollars invested by Japan in i factories and the like.” "China denies the validity of the : treaties. It claims that the treaty 'of 1915 with its twenty-one de-

mands was signed under great duress and never was ratified by the Chinese parliament.” Dr. Yard believes the League of

' v W9mi^m'> : p-*‘^rpv;3s& V BlI fjjiI' lr|| ■ < jNp|l|l I ■ fir 1 " H ' &&&; t I’ 1 • P^lpolll H.Cafi, -v,'^

PAGE 9

Nations and the United States lost their chances to settle the Issue without war because of a “too mild and deferential manner.”