Indianapolis Times, Indianapolis, Marion County, 21 October 1937 — Page 31

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MTTTIDOT AXE

THURSDAY, OCT. 21, 1937

ALT an an

" 3 EY i Bg

E—— SS SU ——

THE INDIANAPOLIS TIMES

gay

PAGE

STOCKS 'RREGULAR

AS PROFITAPPEARS

Trading Lightens as Hogs Steady to

Selling Develops At Noon.

NEW YORK, P).—Stocks irregular after rise that

trial average nearly Trading lightened when sell-

ing appeared. Sal first 1.150.000 shares ag vesterda At the the industrial average Sid of 1.17 points. At erage had dipped to Second how sales shares, bringing to 1.860.000 shares, shares vesterday. Initial deals blocks of

es in the

were

In the early afternoon

Oct.

(

boosted the

hour rainst

were the first against

21 (U. encountered profit-taking today and turned two

lavs

totaled 1.070.000 end of the period registered =a noon the small

heavy,

1000 to 7000 shares rose fractions to more than 2 poinis some

of indus9 points.

av 108s. 710.000 two hours 2.030.000

Prices

leac-

ines issues had declined ranging 4 points in Westinghouse Electric

United States Steel was weak. sagselling at then 66%.. to 307%, |

off 15s, touched

ging to 60%. €3. Chrysler from

Anaconda eased

off 4.

after 68

and sank to its previous close of 32

WHEAT PRICES

DIP FRACTIONS

Corn and Oats Futures Gain

Slightly in Chicago

Pit.

CHICAGO, Cct. 21 Wheat prices stayed

despite encouragement ers hy At was 1: to © s to 3 The trading extremely narrow ~reased after the sales to millers around V/ednesday. irterest was report demand has begun Wheat receipts were Jorn prices weather was reported with corn shipments favorable out reported. Some were caught the price trend Corn receipts were

to cent cent higher,

cent higher,

WINNIPEG

December May :

lower,

2A 21 { Lig

Light » eights

J. P)—|

range on wheat as offerings opening. were

lower ground throughout the morning on the Chicago Board of Trade today, given trad- | sustained mill demand. the end of the first hour wheat corn was | and oats were

[ (1100-1300)

was |

in- |

Local |

estimated

that 10 50 cars. turned higher as wet interfering | more look for corn loans was stop-loss in December turned 75 cars.

and

WHEAT

ARGENTINE oy AIN

BUENOS AIRES

ned

February

November er 6134c

X Fla . February,

WAGON WHEAT 1 paving for

levators are grades No. 2

WASHINC ment expens fiscal vear with a year

GTON, Oct. and >ugh Oct. 19,

21 (U Expenses $§ 2,357

Pub deb t Gold res. ustoms

Inac. gold

U. P.).—Grain Ww heat—November unun-

81.04 1%2c,

orders corn as upward.

135,000 bushels since late | Offsetting the milling | export decline.

Heifers—

unchanged. |

vellow

P.) —Governreceipts for the current as compared

Year : 31 632.023.¢ 319,959,808

elr 4c.

ast

No merits.

x—Novem- | 81.30%

Ots, |

U. S. STATEMENT

799.672 215. 595,96

3.833.868. 309. 5(

,005,709,970 .:

125, 786, 191.35 Pur. | 259.911 137.08

ota

INDIANAPOLIS CLEARING HOUSE

NEW YORK, Oct. 21 (U, exchange opened irregularly

England (vound) Eng. (60-d. b. r.). Canada (dollar). France (franc) Italy (lire).. Italy (lire) .. . Belgium (belga).. Germany (mark) Switzerl’'d (franc) Holland (gu der) Spain (pese “ Sweden (k Norway (Kk Denmark

(k nei Japan . is

(yen)

$3.710.000 8.547.000

FOREIGN EXCHANGE

} Foreign

lower.

Rates 5 7-16

Net Shinve 00 16

+ —- 4 INVESTING Bid Ask 12 63 13.44'Invest. 78 5.28) Banc x 1st Fd y vel 7 ef cf 7 of el : ct Mi 25 96 Ma vid

25 19.00 .83 Inv

Can Inv Cent Tr Comw Inv Cont Shrs Tr Shrs AA

’ Acc AA mind 2.7 ' Acc md : Cum Tr p Bk NY 1.72

Am : Tr 1953 : 1955 :

Found Fd Inv > 18 Pd Tr nB

4 i Gen Cap 30.58 32 Group Securities: Agri 1.36 Auto 1 33

8 Tr St Inv C OA Am Bk B .66 Ind 9

22 Tr St 3 B { I

S C B2 B3 Kl K2 S2 54 Fd

18 Sov Inv 5.50/Sp Trask

CO.’S

Bid 6.00 12.25 10. 23.6 16 16. 10.66 16.( 6. 6.5( 207

DD ria 1 1 13 ed Or BY TR

BT DIT hI U1 DRI CO NRO NUOON-INOBWRN TN PD DO

IBID IRHWW HWW =~

Ask

Bank Corps,; Bl 0

ft pt ft pt BD

. é Pata on UT pt COB btm] OO =] et 5 : .

I Dann D . =r

Tr Us L&P A 12. 14 1 B 1.80

”

1.24

AND SELL

ig 8 Well Pd

1no

| ceipts.,

TAKING IN MART

NEW YORK STOCKS

$v unntea Press

| Am

* ——

Am Am Am Am &

| [ AMRF Pwr Am&F Pwr

{ Am

25 Cents Down In Local Y ards

Hog prices were steady to 25 cents lower in the local yards today, ac- | cording to the Bureau of Agri-| cultural Economics. Top was $10.20 | on choice 160 to 200-pound weights. Sows cashed at $8.75 to $9.50 on a | steady to 25 cents lower basis. Hog! receipts were estimated at 6500 head Vealer prices declined 50 cents at the start of the session but later | bearish advices from nearby centers caused many late purchases to break $1. Good to choice offerings vieared mostly at $11.50 to $12 Medium Kinds ranged from $9.50 to $10.50 Most steer and vearlings cashed within a price range of $7 to $10. Heifers sold mostly at $6 to $0 with a few head reaching $10.50. Cutter and low cutter cows sold from $3.50 to $4.75, while plain and medium | beef cows were taken at $5.25 to $6. |

steady prices in early trading but | closing sales were 50 to 75 cents lower, ®

HOGS ulk $10 85 11.15 [email protected] 11.00@11,25 10.75% 11.00 10.354 10.50 10.10@ 10.25 9.95% 10.20 ht Lights 1140-180)

DD ttt pa 5 IID DI iT ONIN

Receints HOI

$k fk fk kh oh fk

9.754110.20 | 825@ 2.95

@”

Good and choice Medium ‘ 5410.20 | a 9.95

{ choice . 9 45 95@10 20 | 35 9 0

-180) Good ¢ (180-200) Good ¢ choice. . Medium 200-220) Good and 1220-250) Good and Heavyweights - 50-290) Good ana Good and Sows— : 300) Good 1350-4251 Good 125-550) Good (278- 550) Medium auchter Pigs “1 100- 140) Good and choice . Tediu

CATTLE Receipts, 1100 Steers

Choice .. Good Medium Common Choice Good . Medium Common (plain) Choice 1 Good . 16.25 Medium ‘ 50612. Choice vara a1 50 | Good 16.25

560 9.95 | 5110.20 | 010 1 |

n 9 9. . 9 choice 9 choice . 10. 9.804710.05 0.95

choice

(590 350) choice . 9.50%

Packing

9.00601 8.7m 9.7¢

(550-900)

(900-1100)

® 8 50 7.50

(1300-1500)

—~—Heifers Choice Good Common . Good and choice Common. medium Cows

(550-750) 10.5047 13.25 [email protected]

[email protected]

(750-800)

6.00@ 4.715% 3 50@ 4

B.0O0 5 00 5

Good Common, medium . Low cutter and cutter Bulls Good Cutter,

(beef) . common and medium. .

Vealers --Receipts, choice

$00

700 | Good . 10.50% 12.00 Medium ou Cull and medium Calves (250-500) Good and choice . Common, medium Feeder and Stocker Cattle Steers (500-800) Good and choice Common, medium (800-1050) Good and choice Common, medium

and

6.5001 9.00

8.507 11.50

7.50@

7.506 10.28 5.50@ 7.50

7.00@ 8.69 5.50@ 7.00

5.00@ 6.00 4.50@ 5.00 |

Good and choice Common and medium Cows— Good Common and medium .

SHEEP AND LAMBS —Receipts, 2500— Lambs— Choice Good Medium Common Shorn Ewes— (90-175) Good and choice . Common. medium

CHICAGO. Oct. 21 (U. P.) rors ae | 13.000, including 3500 directs. Marvery uneven: 10 to 15 cents lower; top $10.40; most ozs. $10.25 down; good and choice. 190-230 lbs.. $10.10610.25" 240-300 lbs. $9.75@1. To 150-170-1b. averages, $10@ 10.30; packing sows, $8.75 9.15. Cattle—Receipts, 6000; calves, 1000; market at standstill; Dideing. lower; steers and yearlings mostly 50c to $1 under week's early price: shipper demand narrow; steers, $17.65 with $18.25 bid: best fed heifers. $13 60: sausage bulls, $7.15 down: Sales $12 down. | FT, ¥NE. ‘Oct. 31 (1. Maat 7: 160-180 1bs., Ibs. : 200-225 lbs s.. $9.80: 50-

3.00@ 3.50 1.75@ 3.00

Ket, early

‘275-300 Ibs. Ibs... $10 .. $9.25; 100- | stags, $7.25

(U "P.).-——Hnz mar- ' to 10 cents lower: 170-220 1hs.. | 1 [email protected] 25 1bs.. $0.60 9.90 140170 1bs.. $0.75610; 100-140 Ibs. $8.75% 9.50 Roughs, $9 _$9 down Calves, $11. Lambs, $9.50.

N. Y. Bonds

By United Press BOND PRICE INDEXES

20 Inds. 83.2 85.4 90.0

130-140 1bs.. $9.: 120 Ibs.. $9 calves, $11.50:

20 Rails 8 78.3 84.9 99.8

20 Utils. 93.2 95.3 93.7 106.0

60 Bonds Yesterday

Month ago ..... Year ago 93.2

vo | 1935 high ...... | 1985 low

0! B&S 3 Laie Sh Min

6 and 67, Preferred

415 LEMCKE BLDG.

| BUY diana Power & |

5 101.2

101.1 106.6 92.3 106.2 103.5 91.4 86.4 100.6 93.1 | : 83.6 TL0 89.3 83.0 1937, Standard Statistics Co.)

YORK, Oct. 21 higher

2 Years ago ... 89.8 1 193% high ...... 95.0 1937 low 82.5 1936 high 924.8 1936 low 90.0

100.7 82.3 100.2 93.3

100.4 84.7

(Copyright, NEW (U. P.).—Bonds opened | Ly Ry Australia 4's Erie Gen 4s Chic N W Conv German 5's Ill Cen 43%s Krueg Toll Ct Mo Pac Gen 4s '69

Curb Stocks

4%;s

21 (U. P.) —Curb stocks

{ ft Change | Alum Co of ‘A.J idee eves 2 Am G& Carrier E sot .

+1 Clues Serv .

Un Gas

FOOD PRICES

CHICAGO, Oct, 21 (U P.).—Apples— | Michigan, McIntosh, 90c $1.25; Sweet Po- | tatoes— Tennessee, bushel hampers, 55@ 85c. Carrots—Illinois, bunches, 2@2'22. BR es Illinois, bushels, 40% 75¢. Toma-

| TI Indi

toes-——-California, lugs, $1.25@ 2.75. Canli- | flower—Colorado, crates. $1.754:1.85. Peas —California, hampers, $2 2543.25. Celery --Michigan, flat crates, 30% 69%. Onions (50 1b.) sacks): Minnesota Yellows, $16 | 1.05; Washington Valencias, $1.071,c. Idaho Valencias, $1. Utah Valencias, $1.05 | @1.07'%. Idaho Whites, $1.15; Indiana Whites, $1. |

NEWTON oo |

| Am

Am Am Am am Am Am

Am Am

dar & FL a & C. om Ale

Crys Suk - Enc 0 " in

sot 2p! Tee Inter Lovo pi Mech & Met Pur & Lta Rad & S Roll Sin Safe Razor Smelt Snuff

Am T

Am Am Am Am

Woollen

Anaconda

Andes

Arm Arm

Atl | Atl

Atla Atla

Cop

our Til

von Stl Fdies Am § 8 ae 12

o bd POW A A HAIP FCS & 4

MAS It SOUND a ge

strong ox 3 Arnold Bonn

in G

Atl Refining

ts Corp s Corp pf

Auburn Auto

Bald Loco ot wi

Ral Balt

B Beld

Bendix Avn

ath

Blac

law

| Boei

Bohn Al | Borden “a | Borg Warner Local killers supported lambs at | Boston & Me |.

Botan Bdge Bk N | Bk

Bk Bucy

Hem

Ind loan Steel Kk Decker Knox ng Af Br

vy A i PLBIass .. nM. T ..

rus-Erie ...

Budq Mf Bullard

Burl

ington M in

Burroughs

| Bush . 0 Butler Bros .... | Butt

Cal Calu Cam Can

Carriers

Cela | Cent

erm

e Cop

Packin met & pbell Wy Pacific .... & Gen nese

Foundry ..

Certain-teed

| Chee | Ches

ker Cab ...

Chi E Il Ch Gt W Ry

| Shay LEME St

Com Com

R rE For

Solvents m & So. .

Alreran >

Crane Co cv

Cros

Crow

Curt

ley Rad n Cork

is Pub

Curtis-Wr

| Curt | Cutler-Ham

| Deer

9.0047 10.50 | RB

14 | Doehler 5 Cast 2315 Dome Mines | Douglas 5.506 8.50 | D | Du

9.50 | Eaton Mig 5.506 17.50 | Elec Auto: L Elec B

Elec Ele

iss-Wr A

e & Co

Air Chem Pont

oat . & Mu Ind

hen

Firestone T

ost

| First N Strs. ... | Flintkote

er Wheel

Francisco Sug. .

| Gair Robt

Robt pf . Wod Ind.. Am Tr.... Baking . Bronze .... Cigar ‘e Electric . Food J

R Gillette S R

| Gim Gli | Goo

het Bros

| Gotham Hos .. | Graham-Paige | Granby :

lid

den Ris

Grand Union Grand Un pf

Erne Cc t Nort

Stl h pf.

t Nor Ore reen HL . 20 Greyhound Cp 1

Greyhnd 5'2

Hall

83.7 | Harb-Walk 86.3 | Hayes Bdy .... 90.9 | Hazel At Gl

| Hecker Prod

99.8 | Herc Mot a 89.5 | Holland Purn Holly

Sug

Homestake

| Hou

ston Oil

Howe Sound

Hud Hup

Ind

Inter Jute

int

son Motor p Motor

Central

an Ref Ravon

InsDiratn Cop R

r R ron Agric Ag pr pf Harvester

Hvd El A M Marine Nickel

& , PAP pf Shoe

In Ints

T&T t DS

Kalamazoo =e

Kro

ger G&B

Lambert

| Leh V

Leh

| Lehm

Coal .... V Coal pf an

Libby Me&L L-O-F Glass

Life

Lice &

Lim

Savers Vv a Loco

CIES LI BT ot ss OF ot et Hh 1 wb

Pes Lt SAD ai DD Dessay

& Ti - 40

an CEE

— Ares Rg a Foal SAL BY

IIMs ‘ER EE

. 41 347% . 99 130%, wf

23%

. 24Va

6% 4% 11% 38 42

hy, 91

1 | Gillette 8 $5 pf

DOW JONES STOCK AVERAGES 30 INDUSTRIALS

~~ « »

Net Last Came 11%

-¥

- et Br KF

BCs ZIG fn CPGIET PEI A

fr w Wt 1 ttl Bo an 2

1 ETH | Yesterday | Week ago Month ago Year ago ‘ High 198%, High 1936,

ov RES . UN» $9.2 ' ‘EE 5.35 64.46; tow, 30.08, 59.89. low 40.6%, 20 UTILITIES

saw — EG FEE ErEAS RLGES AD Tol —-

ag o> “TID A BEI FC

Yesterday Week ago Month age Year ago . | Wigh 193%, 37.54; High 1936, 38.08:

ro -y Fa

low, 19.835 low 2W.83, 70 STOCKS

Taleatt J Tenn Corp 5 | Texas Corp | Tex Gulf

|ul QO

\ L. T | Thomp J R Thompson Pr Thom | Stal A Ol | TImR= » AX Timken R B | Transamerica Trans & W Aly rans & Wms Tri=Cont Truax Tra 20th Cent-Fox Twin Coach

* | Yesterday Week ago | Month ago Year ago ‘ High 193%, 89.67; High 1986, 68.3%;

op — a

low, 41.52, low, 51.20,

- FE

Net High Last Change Link Belt Lig Card | Loew's Loew's nf Loft. Inc Lone Sta? Long Bell | Loose-W Bis Lou GRE A Ludlum St}

Pt ot st

DN VEIT Se

B&D Card

Union nian

oo.

! Mack Tr a | Macy R H 3 {Man El mod gtd Man Shir! 1 Marine Mid Martin Gl

ay D 8 MeCall Corp | MeCrory McKeesport

tt SOAS I CR =

> —

Unitad Drug Tm Dvewnod mm El Coal [in Gas Imp { Un_Paparbd ] Par 8

CBI ED ET bt bt J kl fos

Cd BT LI DT kh et CIN fh ft LID DD TPC Bo wT rt rt IDI wt li We D1 G9 = ox ’ » a» ww - &® » > — Gp a DD F'CE REE RE a ad -— AWE ADD 2

tl ll ol pl ot po

. SI a sd

Lea Pr ~~.

—

|rk Sr

a BDC ek pt

ft pd BOD et LD WDOTN DP Trt Yr Pl pt WEI ie ~ Ye OD”

ous -_a 2

{in Biss PR fu, [vadsen Bales {Vanadium . 5 " va Caro Ch .. : 1 41, a Va Car 6 of .... 3a a, Wabash nf A...

‘ & = Ih - »

po By

. =

in.

— ripped >was a rT ® aX EF

Mot kL ++ Mulihs Mig B .. Murray .. ‘

sa > - »»

—

— *

Acme Biscuit Cash Rex Dairy Nat Dent St [Penn R R Nat Distillers .. Nat ppswm Nat Lead ‘ | Nat Pwr & Lt | Nat Supply Natomas

Warner Warren WhITK OSA ‘wes QI & 8 12. | West Pac "| West Unfon West Air Bike ' | Westing Fl | Wheesl Stes] White Mat L' Willys Overind Willys Ovrld pf Wilson & Co Wanlwarth . Worthington ""

» a Pa a

» 4 " | ‘

rr Awe nL® Fe EEE — EEE ed -w ge

Cas >

Ld DOD Cs de le W-T D1 ISAT EIT SAS Th Oe I LT Tle

BINT seRIRI = Be FF TTD TID Tees eI

3 B3ET SBIR Ies O LO ad aT aF UD Tad ys ot 8D a a ab deg

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LI ALIBI PA LID DBL on a I ~J OLS tl 3

» ~ 3

— — LEB wL 3 83 > aw 0

Te. WI DO T0600 ~T <T ie THO Tyr r= 83

- .»

>»

! NH&H pf IN XX. Ship | No Amer No Am Avn No Pacific

Yale & T Yellow I't Young Shes

— ra ues

DOs 83" TF P

a wy Da >, DPD OD spt ™ J 80 ~TT LI a LICINI Pot 83

a -

Ohin Oil Oliver Farm Omnibus Open Coll tis Steel Owens Tl Glass

Zenith Rad

Zonite

BY-PRODUCT OVENS NID STEEL INDUSTRY

Modern Methods Save Many Volatile Chemicals.

I~ ~~ o Iw a A303 -

Mills

Nea

Pacific Packar

—— 2 - —— >» 2

DEI WV TEI THD RIO HDOIINIW Fy

| Parker Rust { Pathe Film Patino Mines Am

penngy et Cor Re ew Dodg

Pfeiffer. Phelps Phila Co 6 nf Phil Morris Phillips Pet Pierce O pi Pitts Sc & B | Pitts United Plymouth Oil Pond Crk Poca Poor B | Port Ric Am A ] 3 3 } | Postal Tel pf 9 a Prsy Stl Car... ! f { Pullman |

i =»

a3 -

edt hd Lt] De LIT LI TORI TB Be BI ~I0I + 00D 83 8D Te DD IND tm ft DS

NEW YORK, Oct. 21 (U, P) The steel industry recovered more than $11,000,000 in 1936 through the use of by-product coke ovens to draw off gas, oil, dent to the manufacture of coke {used in the industry's blast furnaces a 3 + ie American Iron & Steel Insti34 3 [tute estimated today. fs. *| More than 33400000 tons of coke | were produced in the 9600 ovens operated by the steel industry, and the {volatile by-products, which formerly had been [piped to refining plants and either [sold or used by the producers. Bulking largest among the vola(tiles recovered from coke was gas, lof which nearly 525,000,000,000 cubic | | feet, valued at $85400000, was ob-

tl pk pt

Republic stl Revn Tob | Rutland "y “ | Richfield oil...

Safeway St Jos Lead

I ed 00 rt pt it D LID

a0 Pe aa

| 1936 About 36 per cent of the gas | [was ‘used to heat the coke ovens, | while the balance was either used

Silver-Xing | Simmons | Smith A O | Soc- Vacuum

pore

“we

. Imarketed.

_——t3 ABB/HDOVID

Nation Must Sulomyic to lower Price Levels, Flynn Declares

30 a Se tt BD a OD 0D BD no 00 = SIRI Am Tam IiLue SS

a aan

By JOHN T. FLYNN NEW YORK, Oct. 21.—The turn which has come in the world of | business and its eternal cycle has already given rise to some well- known phenomena. @ First, the enemies of the Adminis[tration hail it with a certain lacri- | mose glee as a proof of the failure {or the New Deal, o | Next, the eternal optimists callout [loudly that it means nothing, that | a it is merely a wholesome adjustment land a prelude to another rise. | Third, the eternal pessimists say it is the premonitory rumble of the | approaching storm—the depression | last five years are: Pirst, the effort that will be greater than all others.| to bring back prosperity by GovFourth, the market-minded people | ernment credit inflation and the salesman type demand that | panied by a taxation program deit shall be ignored, that the whole signed to correct its maladjusttrouble is in the people's psychology | ments. And second, the endlessly and that if we get people's minds off | proclaimed theory that the way to the bad turn of affairs all will be | LS recovery is to get prices well, |u | |

a I

> »

| failure of the credit-making agencles—Government or business—to | provide this increase always results in a slow, creeping lethargy. Secondly, the rise in prices tends to offset or neutralize the stimulating effects of the inflation, | this 1s what has happened with us,

BIB + Ty st +4 1D

w on I BA

— PEIN LI 0

Fifth, the big business and banker | Prhese mistakes having been made | groups will use it as a signal dem- | and their bad effects having ap- | onstration that Government at-| peared, what can be done about it? | tempts to regulate business are nec- | The remedy is not easy. It is inessarily disastrous and should be finitely more difficult to apply now abandoned. | than it would have been in 1933, Wise business statesmanship will | The remedy must be found in slowIhe more realistic. It will ask—what iy ending Government borrowing, is the true economic cause? And but also adjusting the tax program | next, can anything be done about | to put the least strain upon the imthe matter? And what? | paired purchasing power of the peoAll unfavorable business phenom- | ple. It must be found in making | ena are set off. like wars, by some | up our minds that we must go to a nenessential proximate cause | lower price level all around. It will| which frequently obscures the real | | be no answer to this to say that | cause working under the surface. | people—farmers, wage earners, The rise in business has been the | manufac turers—will not submit to product of such long term credit as it. If they won't submit, then there was pumped into business, This is no way out. They must submit. was done chiefly by the Govern- They must be made to see the im-

ment. This is now tapering off and perious necessity of submission. as it tapers the effects taper off. But the difficulty is accelerated by two other factors. One is that as long term credit inflation expands and its effects expand, the

FH FREER

what all must understand, that the

abundance is over,

Net vast Change |

TO LOCAL FIRW

. | $3750 for scholarships in agriculture

LOCAL PAYROLL

| Employment,

tar and chemicals inci- |

allowed to escape, were |

tained from the coking process in |

(as fuel for open-hearth furnaces or |

And |

The two prime mistakes of the]

unacecom- |

They must be made to understand |

day of the promisers of riches and

PURDUE GRANTS $290,000 JOBS

Construction to Comprise One Campus Building | And Addition,

| Timer Special LAFAYETTE, Oct. N Purdue University's Board of Trustees (o= day had announced the awarding of

contract: to the Willlam P. Jungclaus Oo., Indianapolis, for cons struction of two new buildings on the campus The Jungelaus' bid was $136,700 | for the agricultural chemistry strues [ture and $153.351 on the addition to | the horticultural building, built in | 1927 Dr, BE. C. Elliott, Purdue press [ dent, announced the name of the [School of Chemical Eaginearing has been changed to the Sehoo! of Chemical Engineering and Metallurgical Engineering, because of the rapid growth of the latter feld of | study in recent years The president reported a gain of 669 in enrollment, »r 12 per cent | above a vear ago on Oot, 1 The Indiana Federation of Clubs $200 donation was accepted for ess | tablishment of a library fund! honoring the memory of the late Mrs, Virginia Claypool Meredith, the fund to be administerad by the School of Home FEeoonomios, Aes Knowledgement also was made of

from Sears, Roebuck & Ov,

‘GAINS REPORTED

‘State Employment Service

.| Finds 2.4 Per Cent

Boost in Survey.

in 820 Indianapolis establishments showed a 24 per [cent gain in September over August, according to a report issued today by the Indiana State Employment | Service The report added, howevar, the weekly payroll for the persons employed by firms declined 1 per cent below the August weekly average to $1,065,939, | The greatest gain in both amploy- | ment, and payrolls was shown Lafayette, Eighteen firms in [eity reported an employment over August of 285 per cent payroll gain of 339 per eceni to a | | weekly average of $50471 ported

that |

that gain |

was re- |

Report Gain In State |

Throughout the state for month, an employment gain of 2|

rolls declined 9 per August Last port,

month, was

Miss Mystery Is No

western partment strain threesday which he wandered “seamingly in

and late memory suddenly returned, Lauer said

Returns Home

Timem Armes Phatp,

Ernst Laver of the North» University history des today blamed mental from overwork for his disappearance, during

Prof

daze from Evanston to Bf, Louis back.” He returned home vesterday, “My husband's ' Mrs,

’

“and he called me

ing T ruck

Longer Mystery

State Police today had solved the

{my

ratery of

the missing coal truck

The woman and (wa Negroes, or.

it yesterday, rom headquarters Beeson and Russell Koons began | search,

for

42710 iginally listed as suspects, had been | the reporting exonerated, Tt 2324 W, MeCarthy St, [ his stalled truck Tuesday night near MN Belleville,

John Keith, had to leave

all started when

When he went back it was gone OMeers ¥. KE task wasn't AifMeult upon two Negroes

Their they eame

towing Keith's truck behind another | truck,

Milton Williams, the | pamous, 44, both of 1336 N. West

8t.,

33, and Virgil

finally convinced the State Po-

the Negroes fob, while they > The men

month in which a pronounced sea- | unloaded the coal In the woman's sonal expansion in the eanning in- | shed, and when they were finished dusty was responsible for the total [she gave them $5. Officers Koons and Beeson demanded an explana. tion,

| employment increase in Indiana, The state employment survey, made in co-operation with the U, 8 Bureau of Labor Statistics, showed 2079051 persons employed in 25358 | manufacturing and nonmanufactursing establishments, Record Wage Increases General wage rate increases were | recorded in the September reports | from 49 Indfana emplovers and af- | | fected more than 11,500 employees, | The canning industry, employing a large proportion of workers in the on skilled occupations at wage | scales considerably below the ave erage of all workers in the state, showed a greater increase in man- [ hours than in employment, | Steel mill employment increased 3 per cent while payrolls dropped [85 per cent. Mills were reported | as striving to reduce all employees to a 40-hour week to eliminate overtime' pay rates. | In the automotive industry, employment gained 119 per cent and payrolls 13.9 per cent,

MUTINY ON SHIP OF ‘TERROR’ IS PROBED

| BALTIMORE, Md. Oct. 21 (U.P), ~—Faderal Marine Inspectors today | [opened an investigation of the voy|age of the Government-owned 8, 8, Algic, whose master related details of sit-down strikes and alleged mutiny as she docked here from Montevideo. Agents of the Bureau of Marine Inspection, who bpgan investigation as. the vessel docked, planned to |open a hearing today on charges of Capt. Jogeph Gainard that discon- | tended seamen turned the Algic into la “terror -ship” on its trip to South America,

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| She looked again at the truck and

shouted:

“That these men, but

is not my truck

that is the wrong

truek.” The mystery was solved when her broken down truck, also loaded wiih five tons of coal, was found at Man-

|hattan, a small town west of Belle.

| ville,

STRAW VOTES GIVE

NEW YORK, Oct. 21

LA GUARDIA EDGE

(U, P=

Tammany Hall, making a back-to-the-wall fight to regain some of {ts prosperity after four lean years, appeared today to be heading toward defeat in the general election Nov, 2, City-wide straw votes and can vasses by newspapers and workers of

all

political parties indicate the re-

election of Mayor F. H, La Guardia

over his Tammany opponent,

Jere-

miah T. Mahoney, and the election

Special Prosecutor Thomas E.

Dewey, the “racket buster’ and distriet attorney of New York County (Manhattan),

AUSTRIAN

VIENNA, Austria, Oct ~Cilbert Indermauer, Austro-Nazi, is under arrest for gal was revealed | today.

NAZI

21 (U.P). high-ranking fille

Nazi activites, it

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CHARITIES SUIT ASKS TAX-FREE HOSPITAL FARM

Old Jameson Yeait Income Used Solely for Needy, Foundation Says,

CIWS

Removal from the Marion County tax duplicate of the 400-acre James son farm th Wayne Township, [whieh was donated to Methodist [Hoapital in 1920, was sought today

in a sult Aled in Superior Odurt 2 by the Wesley Foundation, Ine, The sult named ax defendants the tate Tax Board, Wayne Township ARNORAOY Mary A. Dugan, Oounly Auditor Oharles Cirossart, COdunty Treasurer rank MeKinnesy and Meathodixt Hospital Wesley Foundation, =» holding company for eharitable properiies of the hospital, elaimead in the suit that all neome from the farm 1s being used for hoapital charity eases and harefare the property should be tax axempt The farm, aceording to the suis, was donated (a the hospital by Ars thur V, Brown The sult asked (hat $3384 In taxes [Tevied against the property the last [81x years be declarad veld

GOVERNOR SAYS NEW DEAL DWARFS PARTY

Timer &proinl

PRINCETON,

Oct. 21 ==CYovarnae Townsend in a speach here last night dealared that the New Deal greater than the genius of ita leaders and the Damooratic Party, "The New Deal is a state of mind, [a Welfef in the abundant life for all people, We want to build a stout, weall=panned house and dedionte it to the future

“The New Dea has the earnast support of the people, because it in thelr program. From the wishes | and nesds of the people themselves the New Deal was born,” he said, He apoke at a Gibson Oounty [ Democratic rally,

‘WAR BEFORE 1940 WOULD ANNOY WELLS

WASHINGTON, Oat IH, OG

21 U.P) Walls, British author and hiss torian, will visit the White Houss today and was expected to repeat there his prediction that there is little danger of a world war before 1040, Arriving here for a lectures, Mr, | Wells reiterated his 1940 war pre= diction and satd that he would bs “annoyed” If war breaks out befes then, 8peaking of the President's ‘quarantine’ address, Mr. Wells said [th at it had made a tremendous im- | pression in Burope, Tn Ttaly and Germany this impression Was not so widely diffused as in Fagland and vance, he said, but "at headquarters may have been even more pros | found,” he hdded

| o|

AUTO UNION TO FILE CHARGE, FIRM TOLD

We A.

DETROIT, Oct, 21 (U, P,) «~The | United Automobile Workers Union | today warned Walter P. Chrysler [that it would file formal charges “forthwith” naceusing the Ohrysler Corp. of violating the Wagner | Labor Relations Act The warning was issued in a let. | ter to the corporation's founder and board chairman in New York. The union's action marked Its first, open break with the company since Mr. Ohrysler and John L, Lewis, C. 1. O, chairman, signed a peace pact last April 6 ending a 30« day strike The union charged the corporas tion with ‘bad faith,” discriminas tion and promotion of a company union,

WOULD-BE DICTATOR OF HUNGARY JAILED

BUDAPEST, Hungary, Oct, 21 (U, P.) «Zoltan Boeszermeny, n woulds | be dictator of Hungary, and 68 cons federates were sentenced to prison today for plotting to overthrow the Government,

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