Indianapolis Times, Volume 45, Number 157, Indianapolis, Marion County, 10 November 1933 — Page 17

NOV. 10, 1933

STOCK MARKET SECRETS BARED DURING HEARING Cutten Reveals How Public Was Lured. Fleeced Through Pools. By Srrippt-Hnuiard ,\ ■ tyiper AUxnnce. WASHINGTON. Nov. 10.—How the master minds of Wall Street manipulate pools and syndicates to lure the public into the market and reap millions from the apparently simple process, is a matter of public record today, thanks to the somevhat grudging explanation of one of the country's mast lamous oper- > etors. Arthur M. Cutten. During 1928 and 1929 there were numerous pools such as that in Sinclair Consolidated Oil which the gram trader managed In a way to make for himself and Harry F. Sinclair, and a few of the select, a profit of $12,1X10,000 in the short spare of seven months. The curtain was raised a little higher before the senate banking committ“e by the now elderly Mr. Cutten, who once tried to corner the wheat market and burst upon the New York stock market a few years ago to show the veterans a few new tricks. Paid Out of Profits He accepted a consignment of slightly more than 1,000.000 shares of Sinclair Consolidated Oil stock in October, 1928, at no expense to himself, and allocated it among his friends and Sinclair’s friends, paying for it later out of profits. He said he did not put up a cent. There was a purchasing group and a trading account Operations were concluded in May, 1929. Mr. Cutten, Mr. Sinclair and Blair & Cos. each made $2,632,962. The veteran trader, a slight man who peered patiently through his spectacles, and a good deal of the senate committee manner of Andrew W. Mellon, was very hazy about details, much to the annoyance of Gerdinand Pecora, committee counsel, but he was a good deal more frank than some others about his purpose. He had none of the pious explanations hitherto given for such ventures, which many have even refused to acknowledge by the name of pools. It was to make money, he said unhesitatingly. Denies Manipulation s The trading syndicate, he explained, was to "cushion” the market. to produce “buying power.” "When the market goes off a little bit. we buy, and then the market goes up and the public comes in,” he said. "When the market goes up. we sell.” "That’s a species of manipulation,” Mr. Pecora insisted. “No—that’s keeping the market,’’ ♦he trader replied in his own vernacular. “At that time the market didn't need any stimulation.” Mr. Cutten finally conceded that syndicates do influence the market. In the coming stock market inquiry, for which material now is being gathered, Mr. Pecora expects to trace in detail numerous such pools to show how the public was "sucked in” by the artificial activity, later to lose heavily. Legislation now being drafted will seek to check this practice as far as passible. TIPTON MAN ELECTED DEMOCRATIC CLUB HEAD Floyd E. Harper Named Chief of Capitol Hill Group. By Timm Special WASHINGTON. Nov. 10.—Floyd E Harper, Tipton, was elected chairman of the executive board of the Young Democratic Club of Capitol Hill, at the annual meeting held here. The club is composed of young congressmen, secretaries and senate and house employes. Mr. Harper formerly was a member of the Young Democratic Club of Indiana. He was brought to Washington by Senator Frederick Van Nuys of Indiana. STORE THEFT SUSPECT HELD TO GRAND JURY Stolen Articles and Burglar Tools Found, Officers Claim. Found in Ayres’ department store last Saturday night after the store had closed. Robert Berry, alias Jay Tate. 35, St. Augustine, Fla . tday was bound to the grand jury under $4,000 bond by Municipal Judge William H. Shaeffer. Berry, or Tate, was arrested by Guy Braughton. Ayres detective, and turned over to custody of city detectives. Visiting his room at a local mission, detectives said they found a number of articles alleged to be stolen and a set of burglar tools. DROPS OUT OF WALKIES One Elimination Leaves 11 Couples, 2 Solos In Contest, Elimination of Marvin Ellison. Denver, from the walkathon at the eleven couples and two solo walkers in the contest, which has passed •\l.23fi hours. The management estimated attendance at 5.000 persons last night.

CROSLEY RADIOS In K Wfw it (i £= frjSg|j^jg|^W£jsS^sßS^MLJ|Ußr/ with iibfi. 21 North Meridian Street—Corner Meridian ad tn.> tu„ •

Tonight’s Radio Excursion

Friday p M 4 JO— Singing Lady NBC WJZ. Afli “n-iro* of Tom Mix 'NBCi WKAF 445 -Oobo<Jv Tom (CBS WAB<" 5 oA—Cuga* orchestra iNBCj WF.AF. H V CBS WABC Hotel Pierre orrheMra NBC WJZ 515 Bobbv Ben*on and Sunny Jim iCßfi WABC A! and Pe e CBS< WBBM 530 X Sisters NBC i WJZ Eddie Doolev. football reporter i CBS. WABC IrT.< i NBC i WEAF 545 I.oiell Thomas NBC - , WJZ Be?!v Boop frolics NBC' WEAF. 6 00 Mvrt and Marge iCBS> WABC Charlie Leiand iNBC< WEAF * 15—Three Musketeer* NBC WJZ Just Plain Bill 'CBS WABC. Bke*ch NBC i WEAF 530 —Cirrus Davs INBCI WEAF Music on the Air iCBS WABC Potash and Perlmu -- er NBC- WJZ *45 Boake Car er 'CBS WABC Irene Rich -NBC WJZ 7 00—Concert NBC WEAF Happy Bakers 'CBS' WABC Be or •- or<*he'ira E'he! Shutti Walter O'Keefe NBCi WJZ 715 Edwin C Hill CBS' WABC 730 Marrh of Time 'CBS' WABC Dangerous Paradise NBCi WJZ. 745 Red Davis NBC. WJZ g 00—Fred Alle- Ai Grofe* orchestra ' NBC i WEAF. Irvin Cob.) K- Goodman'* orchestra 'CBS' WABC Phil Harris orchestra: Leah Ray INBCi WJZ

Mental Cases Treated Through Diet Methods

Science Finds Way to Man’s Mind, as Well as Heart, Is in Stomach, If!! ,Vi fence Serriee WASHINGTON, Nov. 10— Popular tradition has for many ages recognized the close relation between what man put into his stomach and what he has in his mind. No stenographer would think of asking her boss for a raise when he is hungry or when he is suffering from the effects of an unwise lastnight’s supper. Any bride knows that "the way to a man’s heart is through his stomach.” Any mother knows that children’s quarrels are forgotten as soon as the cake is in sight. In the hospital for mental disease. this ancient knowledge assumes and increased importance. Diet has been found to have an extremely important effect in the treatment of mental disease. And, on the other side of the picture, certain dietary defects or deficiencies and the resulting diseases produce definite mental or nervous symptoms, which can, in turn, be corrected by dietary measures. Pernicious anemia, pellagra, sprue, nightblindness and beriberi are diseases in this category. Research in this fruitful field has developed to the point where it is desirable to consider it as a special separate branch of therapeutic science, in the opinion of Dr. Martin F. Fritz of lowa State college. He suggests the term, “Psychodietetics,” a self-explanatory name, to apply.to studios of this nature.

Fishing the ' Air

Boy Scout Troop of the Air. under the supervision of F. O Belzer. local Boy Scout executive will become a weekly feature over WKBF beginning Saturday at 9 a. m. A group of colorful ballads and love songs will be featured bv Vivian Ruth, new contralto soloist, and the Happy Bakers, consisting of Jack Parker, Phil Duey, Frank Luther, Walter Donaldson, and a two-piano team, over WFBM and Columbia network Friday,'from 1 to 7:15 p. m. America's verdict on the repeal of the eighteenth amendment, the results of New York s three cornered mayoralty campaign and President Roosevelt's continued drive for recovery will be among the news highlights of the week to be dramatized on the March of Time” over WABC-Co-ltimbia network Friday, from 7:30 to 8 p. m. HIGH SPOTS OF FRIDAY NIGHT S PROGRAMS. 7:00 — NBC iWEAFI Concert; Grantland Rice. 7:3O—COLUMBIA —The March of Time. g:OO—NBC (WEAFi Fred Allen and Grofe's orchestra. COLUMBIA Irvin S Cobb and Goodman s orchestra. 8:30-NBC —I WJZI Bhleld'a orchestra and Phil Baker. COLUMBIA All-American football show. 9:00_ NBC IWF.AFI The First Nighter drama. 9.30- NBC tWEAF' Lum ana Abner's Friday Night Sociable. 9:45 —COLUMBIA —pr. Hans Luther. German Ambassador to V 8 10:00 COLUMBIA Symphonic Strings. Rip Miller, head gridiron coach at the United States Navai Arademv. will be the guest speaker on the All-America Football Show broadcast over WFBM and the Columbia network Friday from 8:30 to 9 p. m. Sousa's stirring march. "Solid Men to the Front. ' will be the opening selection bv the concert band, conducted bv Frank Simon. Friday at 9 p. m.. over WLW and an NBC network. WINTER TRADE SOUGHT Colorado Group Roosting State for Resort Business. Bv I'Hitrd Prexn DENVER. Colo., Nov. 10.—A bid for a greater share of the nation's winter tourist trade is being made by Colorado public officials and business men, led by Governor Edwin C. Johnson. Winter sports will be featured at Estes park and near Manitou. Another inducement stressed will be the Peak-to-Peak highway connecting Pike's peak and Long s peak.

* 15J-Thr*ad* of Happiness CBSi WABC | JO— I** Wiley and Victor Young s orchestra 'NBC' WEAF Shields orchestra and Phil Baker • NBC. WJZ. All-America football show CBS. WABC. 9 00- Olsen and Johnson revue CBSi WABC First Nighter 'NBC' WEAF Iron Master-85 piece orchestra 'NBCi WJZ 9 JO—Alex Woollcott, Town Crier" CBS' L.m and Abner 'NBCi WEAF. 9 30 Mario Cozzi* baritone and orchestra i NBC' WJZ 9 45 Mvrt and Marge 'CBS' WFBM Floyd Gibbons (NBC' WJZ. Martin Luther Anniv , Dr Hans Luther, speaker CBS' WABC 10:00 Symphonic Strings 'CBS' WABC Mver Davis' orchestra 'NBC; we!ae • Comedy Team iNBC' WJZ 10 15 Stars of Autumn 'NBC' WJZ. News service 'CBSi WABC. 10 30 Sosnick's orchestra 'NBCi WEAF. Child's orchestra NBC' W'JZ. 10 45—Isham Jones' orchestra 'CBSi WABC 11:00—Glen Gray's orchestra (CBS! WABC Cab Calloways orchestra iNBC) WJZ Dream Singer: Weem's orchestra ■ NBC WEAF 11 30 Molina's orchestra NBC' WEAF Lowe's orchestra 'NBCi WJZ. Lopez orchestra (CBSi WFBM.

SILK DEVICE LESSENS AIRPLANE ICE MENACE United Lines Report Experiments Prove Successful. By In it'll Press CHICAGO, Nov. !o.—Balloon silk has come to the aid of airplane pilots to whip the old enemy, ice. The original flat rubber dedicer consisted of rubber sheets on the plane's leading edges. When ice formed on the front of the wing the rubber sheets were inflated by air pressure. The system was not entirely satisfactory. Now. balloon silk has been substituted for rubber and the deicer’s weight slashed from 150 to forty-five pounds. Air is pumped through conduits leading to the silk tubes and inflates these sleeves to cause the removal of ice by changing the contour of the wing, reports United Air Lines, which has made extensive tests.

29-37 NORTH ILLINOIS STREET 4^M> WINTER^ A TRULY SENSATIONAL SALE li Featuring Outstanding Fashions for Both Women and Misses THE FURS: I THE FASHIONS: ICARACULl CARACUL Lavish Fur Collars and Newest Sleeve Details 9MHK|n MANCHURIAN WOLF Remember-The* Are F S EAVER Hot Regular s2l

THE INDIANAPOLIS TIMES

WFBM (1230) Indianapolis (IndlanaaeU* Power and Light ( ibmutl FRIDAY' P M s:3o—Bohemians 5 45—R issian Gvpsy orchestra (CBS'. *oo—Walkathon 6 15— Bohemians 6 30—Husk O Hare orchestra (CBS , * 45—Cowboys 7 00—Happy Bakers 'CBS' 7.15 Edwin C Hill 'CBS 7:3o—March of Time iCBS . 8 :00—Irvin S Cobb i CBS 8 15—Threads of Happiness tCBS>. 8 30—All-American football show iCBS 9 00—Piano twins. 9:ls—Walkathon 9 30—Alexander Woolcott 'CBS' 9 45 Mvrt and Marge (CBS' 10 00—New World Symphony iCBS'. 10 15—News 'CBS' 10:30—Tally-ho orchestra 10 45 Isham Jones orchestra (CBS 11:00 Atop the Indiana roof. 11 30—Vincent Lopez orchestra tCBS 12 rt#—Walkathon news. A. M 12:05 Tally-ho orchestra 12:30—Sign off. WKBF (1400) Indianapolis (IndianaDOlis Broadcasting. Inc.) FRIDAY P M 4 00— Norman Clotier orchestra tWEAF). 4 30 News flashes. 4 45—Wizard of Oz (WEAFI. s:oo—Henry King's orchestra iWJZI. s:3o—Tarzan of the Apes s:4s—Little Orphan Annie iWJZL 6.oo—Piano melodies 6:ls—Century of progress orchestra (WJZ). 6 :30 —Circus Days I WEAF'. 6:4s—Marott trio and Vaughn Cornish. 7:oo—Silent B:oo—lndiana sportsman. 8 15—John Thompson B:3o—Bridge game. 9:OO—U. S Army band (WJZI. 9:3o—Lum and Abner's Sociable (WEAFi. 10:00—Harry Bason. 10:15—Honolulu string duo. 10:30—Harry Sosnick ore uestra (WEAFi 11:00—Ralph Kirberv WEAF'. 11:05—Ted Weems orchestra i WEAF'. 11:30—Carlos Molina orchestra (WEAFi* 12:00—Sign off. WLW (700) Cincinnati FRIDAY P M. 4:oo—Joe Emerson and orchestra. 4:15 Ma Perkins. 4:3o—Singing Lady (NBC). 4:4s—Little Orphan Annie (NBC* s:oo—Jack Armstrong. s:ls—Musical Highlights. 5:30—80b Newhall. s:4s—Lowell Thomas 'NBCi. 6:oo—Amos n' Andy iNBCI. 6:15 —Detectives Black and Blue 6:30 Circus davs (NBC). 6:4s—Red Davis. 7:00 80-Peep frolic. 7:15 Smilin Ed McConnell. 7:4s—Greystone ballroom orchestra. B:oo—Fred Allen, Ferde Grofe s orchestra i NBC i. 8:30 —Unsolved Mysteries. 9:00 —Armeo Ironmaster with Frank Simon and Armeo concert band. 9:30 —Lum and Abner (NBC). 10:00—Vox Humana. 10:30—Artie Collins dance orchestra. 11:00 —Paradise restaurant orchestra <NBC'. .11:30 Congress hotel orchestra iNBC' A. M. 12:00—Charlie Davis dance orchestra. 12:30 —Moon River. I:oo—Sign off.

KIWANIS CLUBS' NEW GOVERNORS ATTEND J’ARLEY U. S„. Canadian Heads Study Problems, Plans for Next Year. By United Prett CHICAGO, Nov. 10. Kiwanis international governors-elect from all parts of the United States and | Canada were in session here today in an annual council meeting. Joshua L. Jones. Appleton, Wis.. president, presided. The three-day council meeting, which opened yesterday, was called to make plans and policies for 1934 Agenda for the discussions includes ; topics such as public affairs, better government, citizenship, underprivileged children, and urbanrural relations. Two special objectives for 1934 ! were outlined as maintenance of | adequate educational facilities, and ! business-like methods in administrative government. International officials attending the council r eeting include Judge A. A. Schram, Marietta, 0., American vice-president; Andrew Whyte, | Edmonton, Albertaj Canadian vice- [ president; H. G. Hatfield, Oklahoma I City, treasurer; Carl E. Endicott, j Huntington, Ind., immediate past I president, and Fred C. W. Parker, j Chicago, secretary. U. S. RESERVE BANKS WILL PAY DEPOSITORS Payments to Come in Time for Christmas, Says Chairman. j Bil United Prett | CHICAGO, Nov. 10. Depositors S in 600 state banks in the seventh I Federal reserve district will receive substantial payments in time for Christmas shopping. James R. Leav- | ell. chariman of the government’s j liquidating committee, announced today.

Indiana in Brief Lively Spots in the State’s Happenings Put Together ‘Short and Sweet/

By Timet Special TIPTON, Nov. 10.—Divorce complaint of Mrs. Ella Athens against William Athens contains the phrase. ' That alas and alack! Oh. what a blank she drew in the marriage.” It is recited in the complaint that the wife was persuaded to marry on Athens' promise that he would assist her in operating a grocery to earn a livelihood. However, it is alleged he never contributed a dollar to her support and neglected even to carry in coal for use in a heating stove. Six weeks after the marriage, on Feb 4. 1932, Athens, according to the complaint, obtained money from his wife to go to Enid. Okla . promising that he would send back money so tna.t Mrs. Athens could join him. Instead, it is alleged, he wrote her asking for money.

808 Frightened Man Fined By l imm Special COLUMBUS. Nov. 10.—Declared to have been driven almost frantic by hints of mob violence, William Hall, 20, a Mobile (Ala.) Negro, was fined SSO on a charge of assault, based on evidence that he pursued a small white girl on a street here. Hall insisted that he was not noticing the child, but running in an effort to catch a freight train so he could "bum” his way back to his Alabama home. Sentence was imposed by Mayor H. Karl Volland in city court. B B Corn Show Set By Timet Special LEBANON. Nov. 10. —Annual Boone county corn show will be held here Dec. 1 and 2 under joint auspices of the county farm bureau and Lebanon Chamber of Commerce. B B B Former Merchant Dies By Timet special LEBANON, Nov. 10. Funeral services were held yesterday for Ben F. Wren, 80, who operated a music store in Lebanon for several years. U tt U Kiwanians Elect By I'imes Special SHELBYVILLE. Nov. 10.—Willard J. Day is the new president of the Shelbyville Kiwanis Club. Other officers are: Dr. R. W. Gehres, vicepresident; Glenn Plymate, treasurer; W. F. Loper, Raymond Spiegel and Harry Sheritt, directors.

Ability Recognized By Tim< * Special BLOOMINGTON, Nov. 10—Honorary membership in Beta Gamma Sigma, national scholastic commerce fraternity at Indiana university, will be conferred tomorrow upon Joseph M. Nurre. president of the Nurre Plate Glass Company, Bloomington. ( Each year the fraternity awards an honorary membership to a man adjudged to have shown “distinguished ability in the field of business.” In addition to his business interests. Mr. Nurre is active in Catholic affairs. He is master of the Fourth degree, Knights of Columbus; a director of St. Mary’s-of-the-Woods college and trustee of the Gibault boys’ home. B B B Embezzler Sentenced /?// Timm Special SHELBYVILLE. Nov. 10.—Pleading guilty in Shelby circuit court to a charge of embezzling $5,200 of Hendricks township funds while serving as trustee, Homer Compton. 40. was sentenced to the state prison for a term of one to five years by Judge James A. Emmert. The Melanesians buy and sell oral words and sentences reputed to have a magical influence; when a man sells one of these secret phrases, he can never utter it again. The words and phrases are guaranteed to cure disease, frighten spirits and work other charms.

PAGE 17

PUBLIC SERVICE BOARD LISTED ‘ANTI-UTILITY’ State Commission Favors Municipal Ownership. Magazine Says. Indiana’s public service commission is listed as as anti-utUlity and pro-municipal ownership in tlie current number of the Public Utilities Fortnightly, it was learned today. The classification is in a leading article written by C. F. Blanchard, formerly of Moody's Investment Service and rated as an authority on utility investments. The article lists each state and rates Indiana as follows: "Anti-utility sentiment is on the ascendancy in Indiana and the public service commission is engaged in a state-wide campaign to force rates downward Tht> authorities display a tendency to disregard established decisions as to the adequacy of return; their ideas of a reasonable' figure are considerably lower than those which that body has declared fair. “Various communities are seeking to establish municipal plants. A tax of 1 per cent of gross revenues from the sale of gas and electricity went into effect May 1.” Lunch at Murphy’s Illinois at Market St. Fried Sugar Cured Country Steak, Fried Apple, Candied Sweet Potatoes, Piping Hot Rolls (Right from the OA oven) J"V._ * YOU ALL KNOW THIS UNDERTAKER Harry W. Moore 2050 E. Mich. St. CH. 6020