Indianapolis Times, Volume 46, Number 82, Indianapolis, Marion County, 15 August 1934 — Page 7

AUG. 15, 1931.

NEXT MOVE OF STOCKS BOARD IS AWAITED

Commission to Be Watched Closely by Investors and Liberals. BV THOMAS L. STOKES Tin'* >pcial Writer. WASHINGTON. Aug. 15. The Securities Exchange Commission, notably lenient in rs Initial regulations for listing of stock by corporations. will be watched closely by those interested in financial reform as it drafts regulations to govern practices of the stock exchanges themselves, its next big task. Os great importance to the investor will be regulations covering manipulative devices of all sorts. While the law itself outlaws some of these, the commission was delegated wide discretion in dealing with other questionable devices which the 'insiders'* employed in the boom era The commission soon will beein a careful analysis of stock exchange operations. For its study it will have a mass of data touching upon every conceivable operation, given m answer to questionnaires it sent out to exchanges a.i over the country yesterday. Board to Move Carefully Realizing that these rules will constitute somewhat of a test of its regulators’ policy the commission will proceed carefully In drafting them. Officials expect to get the most important of them out before Oct l when the law goes into effect. In its first regulations issued yesterday, the commission waived until June 1. 1935 the rigid requirements for corporations in listing stock specified by the law and availed itself instead of th- option in the stork market act for temporary registration requirements. The temporary requirements, effective Oct. 15, are very liberal. Corporations, to list their stock, need only to file with the commission the regular reports they nowissue to stockholders and to report every month changes of ownership of stock held bv any one. including officers and directors, who own more than 10 per cent of the stock. Proceed on Easy Basis These simple requirements are in lieu of detailed quarterly reports covering all operations, and including salaries and bonuses, profitsharing arrangements, management and service contracts, and options. At the last moment, the commission added a provision giving issues of securities thirty days in which to notify the commission whether they care to withdraw their registrations. which they may do. It was to avert any de-listing that the commission decided to proceed at the outset on an easy basis. All that stock exchanges are required to do for the present, until the new rules and regulations are promulgated, is to enforce their own regulations for expelling, suspending and disciplining members and to report any new amendments to their own rules. DIVERSION OFNIAGARA WATERS IS DEMANDED Action to Preevnt Cave-Ins Urged by N. Y. Engineer, S y United I'rr** NIAGARA FALLS, N. Y., Aug. 15. —Diversion of the Niagara river's water flow to save Niagara Falls from the tremendous ravages of erosion and preevnt major cave-ins such as occurred at the Horseshoe Falls Monday was urged today by George F. Unger, executive engineer of Niagara frontier state parks. Similar diversion of the flow was recommended several years ago by an international commission competed of repreesntativrs from Canada and the United States. The diversion would be accomplished through the construction of dams and artificial islands in the upper river. ‘TENTED CITY’" AGAIN T° BE USED FOR FAIR Board Arranges for Rental of Blankets, Cots, Etc. Facilities of the ’tented city” near the Indiana state fairground will be available again this year to fair visitors Sept. I to 7. The "city” is lighted by electricity, j has adequate sanitatio and is patrolled by a watchman at all hours. For those who do not have their own camping equipment, the state fair board has arranged the rental of tents, blankets, cots and other necessities. A nominal cost is charged residents of the "tented city." The plot is across the street from the fairground. Divorces Owner Madden Bp r nitrd I'rrm* RENO. Nev., Aug. 15.—Mrs. Dorothy Madden won an uncontested divorce from Owney Madden, New York underworld character, here yesterday. A GOOD SUMMER TpNIC A Body Builder Koloidsl Iron and Cod LtTer Oil Extract Tablets ; Gena t’ottore. IHH Nona Illinois street. Indsanapolia, Ini, aaya: "Kolotfjat iron TablPta simply amaivd me. After using only two box,* or thorn sit nerves wer# quieted and I *lepf soundly. Any on* troubled with nervousness, underweight or loss of pep will find these tablets highly besetrial. Koloidal Iron and Cod Liver Oil Extract Tablets, a builder of Nerve and Mascles. Hssninc Arts. Open *!•<• 'l p, . V i. J ’wßhim WW dewtal otr.avnrvrtosi

’armed posses await NELSON IN FAR WEST Three SUlrt and Mexico on Lookout for Gangster. Bp United Prr., LOS ANGELES. Aug. 15— The wt today completed preparations I to receive an eastern visitor so wellknown three states and a foreign ! country--Mexico— had ‘ welcoming committees" awaiting him. Special •‘reception'' groups, armed with rifles, awaited George 'Baby Face) Nelson, Dillinger gangster, I in California. Arizona and Nevada. i The outlaw has been reported seeking a hideout in this area.

1 1 Cirts^CoatT' bottoms. Full cut.' Sizes || Bur Trims s M .98 Bloomers and Vests Corduroy Longies $1.98 JSkfr* MM 'ofe It Other Styles in g - l&Nfi >i !e~ y ~un'X£ P§p. A splendid buy! ®w& Cheviots and unfinished “ J winter coats. Such new styles. SATEEN BLOOMERS 19C F ™ C * OTHER BRAND NEW STYLES I I GIRLS' COTTON HOSE I Cl E. 4 * HUwl£< \ *) \ rln pPPft Ribbed combed cotton. Knit turn-down cuffs. gm \ Also plain hose. Tans fek C Extra wear in every *wC and browns. Sizes Boys’ Athletic Shirts . x s c jSL ill Ml |HH| OUR LAYAWAY PLAN I RAYON AND g I Boys’ Athletic Shorts . 19c '<■ . CQTTON HOSE mi Back-to-School rTI ' SMART gC* *WJP M' If^fc Value...BOYS’ OWBdlßr* Here's a Knockout Value in FLANNEL ©JC’Ski! JEm JL $9 A. , fQ, In plaids and plams (block or •P3 r c “" ,stlns J 7 KftV.C W 00l slllllSlVA \ ~ “ w ’ Made of slurdy WOOI ®a \P ', sturdy Sweaters wn **i\\ \X~Sri a>&\' fabrlc - A Fmney v,lue ' I V f\ Plain and Novelty styles. Sizes 79 c With 1 \ \| UC^O — CUTE COTTON blouses LA Blazer Style • 2 Pairs Longies or d>PH| AA \ \WyJ\ |®)t_ e& c ■L a* i„ and .r.r. wh d.rk.r C • 1 LOUEiC and W m~&%Jp I \ I \jy A 1 J5%_J In 'hiU! or conlrastme shades. TB ~W *• <-r.ir.red trims. Fleece-lined. Sizes MW ** T ft \ 1 im,,,, r>l,v M 1 Pair Knickers mm | . — M M 1 1 ill Little SChOOI CiHs’ TWEED KNICKERS Wf 'VdH 5 * * Sweaters Heavy service knickers. Knitted aa ~7~V ’rntT . . .._ . l j! tt Slip*OvCß* j cuff style. F’ull cut. Lined, wj Kc i'*TQ ) J II VV/ \ I Lacy, dainty, novelty styles Sl2es6 ' l6 - * mmn LITTLE BOYS’ og ( Sizes 3-8) // II \1 weav Et,her s Tng w ?r ®Bc CORDUROY KNICKERS f/M fflav trrkwnn ATC V iK. . A M V If 1 shortsleevesty.es, r Well made. Cut full. $ w SB With Caps to Mqtch ODD LOT SWEATERS AjE^jgg \\ OlSted CUffS. AL f i ((Jim Pick v-1 A' -$**—— jc~*£ Hr ii SECOND FLOOR . kiddies to wear during the MJM, C WOMi f T Boys’ Tweed Shorts .. >- I warm days of earliest fall. S fillip/ f NEW FAT L CAPS I nnY ft’ a nds ; - m 7 DARLING NEW FELT HATS £T“£s49< ° n, “' BackpSchoP? SHoES gm r .a School and Dress Ties For Long Wear! JWk\ ss' Here’s a Bargain! W<S' I SSS..TJ >O c Darker colors for early fall _ _ fthAt*kSkin TiO Am b A DAVO (f *3 1,1,1 !ll| t l winter, wear. Fancv and striped pat- m m inarK 3Kin Ap N JOOYS’ SK -“• *5 OXFORDS OXFORDS 2§c 1 1 1 l,ll,, “" " 1 1 For Iloys or Girls xis j ....... _ v ■■■■■— —■ U All construction. Tough, . _ Made with shark-skin tips tn %% solid leather soles. Rubber heels. LOOK MOTHERS! Boys' School ZZ* < ' w,slt instruction. These good LOOK! NEW FALL y a* Aft m"cs -- School Dresses V■•jr Os and Givis 4%, Sizes to H, . . attractive \ Jr New, Comfortable 9 omrj fabrics. Get several while the DATFWT assortment is at its best. W \W jA\ ♦ rAILn I n\~2 / Beautiful new fall plaids, h. STRAPS em and darlc rlch H jteae . V" Better cottons and silk* frocks. //)'l bi H* Shirts Little Boys’ S m J % -P Lovely llttle dreKes at lovely •/ / Chambray Button-On I JB * * little prices. ";;\',rt r U;; r 9A C BLOUSES Also Also I Girls’ Cotton Slips 25c V3 quality too. Pretty print- _ Sizes T'tmost comfort for srowing Sizes I • rd percales 81,-11 \SftjgtßW feet. Cut out quarters triiurad . /. for the kin- /■ liC Z l in black grain. Center buckle l-o i . _ “Oxhide” fQ c rtcni $1.79 Rubber, V* $2.49 /xy For the High School Miss! Overalls 37’ | GirU , Sport Girls , COTTON V 7 WB ,2 Young Men! A Bargain in OXFORDS luftr c Patent PUMPS SHOP JPllvLAft^ r A nr DDAnr Mfkm W VWftPft |H|#| W w*o KP School Fancy cut-outa. Tatent leather DDArnrinrU %HIR TANARUS% Tan or black elk leather*. Sportj (or Sk taS. JSSS"' 6 °” FdIWOUS “Be> CO-Ed” Line BROADCLOTH kft n 1 Mm M J looking composition rubber sole. construction eliminates stiffness. Gas leather oies. ... mmmm mm Siies 2 ,^. 8 sizes 12-3 For the growing girls (sizes 14-20) fancies'' I m JJ js & P ts?^ School Boys’ canvas SHOES Boys’Sturdy liiiii Sll® OXFORDS Ca Z a f * S "° E r S OXFORDS H ( WBf JRH| [I j)j|m Young Men’s *t h oe e % W o'm. Br '\‘ I,Ue ," 1 , ™ wr. BWW|| • i JSB 111®™ SLACKS /Si AL.£% BBBk ®*** er Fld® Cottons ■ ftatiThVn'r w!f h"?’ Wfl| C J 5l DW C I W&* 0 rh m rxn ttUBBBi lILSlsw m 7* mi- SPB $1 .49 JR 81 PER QCALITT —ll— _ \\ \ / B sHißTs h 98® shoes i■ i.i n iimu;i*i !timmm gg H Family w

HOME RENOVATION DRIVE UNDER WAY Bankers, Householders to Decide Fate. Bp Cnitrd Pret WASHINGTON, Aug. 15— With benefit of elaborate publicity, the administration s $1,500,000,000 home renovation drive passed today into the hands of the nation's bankers and householders. The campaign has been inaugu-

THE INDIANAPOLIS TIMES

ra:ed formally. Now the final answer will be written by the home owners themselves and the bankers to whom they apply for renovation loans. The drive launched formally when short, middle-aged, browneyed Alma McCrum walked up to the cashier’s cage in a local bank and received a check for $1,200 late yesterday. She will use the money to improve her home in Georgetown, exclusive Washington suburb. Residents of Wauchula, Fla., are again busy nightly gathering frogs, since the northern demand for frogs’ legs has ben re-established.

CENTER SCHOOL TAX ELIMINATED IN 1935 Funds From City to Pay, Trustee Says. Residents of Center township outside the city will have no school tax rate to pay in 1935 under terms of a tentative budget announced today by Miss Hannah Noone, trustee. The pubgets provides for a town-

ship fund rate of 2.55 cents applicable to residents living inside and outside Indianapolis. The school tax savings was made through the use of money to be recovered from the Indianapolis school city. Thrown Out of Auto Bu Vnilrd Pre*t LOGANSPORT. Ind., Aug. 15. Floyd Spillman, 24. of this city, was in a hospital today suffering from injuries he received when thrown out of an automobile by four men who gave him a ride. Spillman was badly cut and was believed injured internally.

IZONING LAW FORCES CITY STORE TO CHANGE New Building Plan* Call for Colonial Design. In order to conform with the zoning laws, Coppock Bros., interior decorators, announced today that | new designs will be drawn for a i store room at 1443 North Meridian i j street. The zoning board denied a permit for the store room Monday, fol- , lowing the objections of neighborl ing property owners. The zoning

PAGE 7

j laws require that property In the neighborhood be set back fifteen feet. New plans for the structure will follow colonial lines to harmonize with the present architecture of the building. Help Kidneys If poorly fnnctionln* Ktdncr. *n4 A Blunder m*ko yon mfYcr from Gt w tin* Ip NlfhU. Nertontmn Rhen. m*'> Pin*. Sti9nc*. Bnrning, A Smartin*. Itrhtn*. or Acidity try tha • *nrantrrd Dortor'. Prescription Cy*t*x (Siia-tex). V - —Must nx t-mi up or m-n<T vySKf A back. Only 75c at dnifivi.