Indianapolis Times, Indianapolis, Marion County, 14 October 1937 — Page 5

THURSDAY, OCT. 14, 1937

gradual downward trend of imports since March and his foreign trade

FAVORABLE BALANCE HOOSIERS DRILL OF TRADE FORECAST | cxpert, Ernest A. Tupper, said a

FOR DIL OR GAS WASHINGTON, Oct. 14 (U. P.).— | United States was indicated by | | Secretary

of Commerce Daniel C.| Dec. 31. Roper today called attention to a

favorable balance of trade for the

trade figures in conjunction with world conditions,” Mr. Roper said at a press conference, “I am impressed with the tendency, prevailing at present, for exports to be sustained somewhat above present levels and for the value of imports

“Upon examination of the foreign | to contract.”

ALL OVERSTATE

Activity May Continue Into Winter if Weather Permits.

Forty-one wells are being drilled in the search for oil and gas in Indiana, Virgil M. Simmons, Department of Commerce commissioner, disclosed today. Most of the well-drilling is taking place in the southwestern part of the state, but eight of the wells are being sunk in Lagrange, DeKalb, Huntington, Wells, Jay, Wabash and Porter Counties. | A total of 17 wells was drilled in the southern part of the state in September. Mr. Simmons said drilling activity is expected to continue through the fall and early winter if weather conditions permit.

COLLEGE IS TO HONOR | FREE-PRESS MARTYR

WATERVILLE, Me, Oct. 14. (U. P.).—The 100th anniversary of : the death of Elijah Parish Lovejoy, | martyr to the cause of the freedom | of the press, will be observed at | Colby College, his alma mater, by | a special convocation, it was announced today. | Lovejoy was killed Nov. 7, 1837, | in Alton, Ill. A crusading newspa- | perman, his editorial campaign | against slavery had aroused the | active opposition of slave-owning | interests in nearby St. Louis, Mo. | Using gangster tactics, their hired ruffians raided Lovejoy's plant and he was slain by the mob while defending his presses.

TELLS HOW MOTOR FUEL RATES CHANGED

MADISON, Wis. Oct. 14 (U. P.).— A. C. Breuch, who testified that gas- | oline prices published by the Chi- | cago Journal of Commerce became | stable suddenly in June, 1935, was | recalled for further testimony today in the price-fixing trial of 23 oil companies. i Mr. Breuch said the Journal's published prices changed 74 times in 1933, 72 in 1934. From June, 1935, to January, 1936, they did not change, he said. | The Government has accused the Journal and two other trade publications of conspiring with the oil companies to raise and fix gasoline prices. {

CASE STUDY CLUB | NAMES CHAIRMAN

Karl Stipher, Indianapolis, has been named chairman of the Case Study Club of the Indiana Law School, it was annouced today James Wood, Muncie, and David Parish, Ft. Wayne, are assistant | chairmen. The fall series of debates for club members is to begin Oct. 15, Lyman Cloe, faculty member and club sponsor, said. {

SCHOOL TO GIVE MUSICAL The first musical comedy of the season at Broad Ripple High School is to be presented at 8 o'clock to- | night in the auditorium. Seventy- | five are in the cast.

THANK YOU ! (NDIANAPOLIS =

derful response:

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