Indianapolis Times, Indianapolis, Marion County, 25 October 1937 — Page 11

MONDAY, OCT. 25, 1937

EE lh A

STOCKS REGISTER SHARP RALLY TO ERASE EARLY DIP

Market Thins as Few | Net Gains Jump | Seven Points. |

NEW YORK, Oct. 25 (U. P.).—Stocks rallied sharply today after an early dip ranging to more than 2 points. The market developed thin-

ness on the upside and net gains ranging to 7 points replaced early losses. Some recoveries from the lows were as high as 10 points.

Westinghouse Electric touched its [160 to 180-pound weights held the | Bay [top level at $9.50, while heavy butch- |

low for the year at 90 and then rebounded te 100, up 5 points net. | Chrysler touched 59%, off 2. Buying orders came in at a tremendous pace and holders refused to sell | with the result that trading in the issue was temporarily suspended. Around 11:15 a block of 8000 shares | sold at 64, up 23%. Later it rose | to 663, up 5's. United States Steel made a new low for the year at 51% and then | Jumped to 56%, up 3':. Youngs- | town Sheet & Tube rose from 37% | to 43%, up 4. Inland Steel made | a new low at 64 and rose to 69, uw 23 Bethlehem rallied from 42°

to 47%, up 4%

WHEAT RALLIES ON FOREIGN STRENGTH

|eirade

Corn Prices Gain Fractions As Oat Futures Firm.

| 25 cents

CHICAGO, Oct. ‘35 @. P)— Strength in Winnipeg and firmness | in the New York Stock Market to- | day pulled wheat prices over to the bull side for Sharp gains At the end of the first hour wheat was 13% to 1% cents higher. ‘Corn | was 3: to cent higher, and oats were unchanged to 1s cent higher. Early weakness in wheat was wholly rased in the late buying movement | which followed the upswing in the | stock market. Activity in the money marts and the Canadian market | were about the only news of market influence. Wheat receipts were 109 cars.

In the face of cash interest selling and extremely heavy receipts corn | turned higher on news of good buying in the Buenos Aires market, and in sympathy with the wheat action. ‘Corn receipts were 359 cars.

WAGON WHEAT Novato are paying for Ne

ther rages on their merit new "2 vellow, '47¢ Oats

grain anc: © corn No

LIVERPOOL WHEAT

May

Today's Business At a Glance

CORPORATION NEWS |

Atlas Powder ‘Co. first nine months net profit $1,264,310, equal | to $4.03 ‘a ‘common ‘share, 'vs.| $1,113,737 or $3.28 year ago; Sep- | tember quarter indicated net $395,488, | equal to $1.24 a common share, vs. | $506,741 or $1.68 previous quarter | and $377,982 or $1.15 year ago. Central Illinois Public Service | Co. quarter net income $494,582 vs. | $622,394 year ago, nine months | $11,059,629 vs. $1,092,990 year ago. Checker Cab Manufacturing Corp., September quarter consolidated net loss $74,555 vs. net loss $89,503 previous quarter and net profiv $606,462 or $5.29 a share year ago. |

Consolidated Steel Corp. Ltd., | first nine months net profit $245,021, | equal to $1.72 a cumulative pre- | ferred share, vs. $145615 or $1.02 year ago. Electrolux Corp. first nine months | net profit $2,153,893, equal to $1.74 | a common share, vs. $2,191,332 or | $1.77 year ago; September quarter | net $541 675 or 44 cents vs. $843 867 | or 68 cents previous quarter $632,574 or 51 cents year ago. Great Northern Ry. Co. first nine months net income $6,955,666 | equal to $2.80 a share vs. $3.209,176 | or $1.29 vear ago; September net | $3,287,627 vs. $2,432, 124 year ago. | Illinois Central R. R. Co. Sep- | tember net operating income $2 -| 454.488 vs. $1,529,556 year ago; nine months $11,325,142 vs. $9,839,758 year ago. Magma Copper Co. first nine | months net income $779,311 before | mine depletion equal to $191 a share vs. $755,124 or $1.85 year ago. | Panhandle Producing & Refin- | ing Co. and subsidiaries Ceptembor | quarter profit $91,211 before Federal income taxes vs. $100,322 previous quarter and $24,351 year ‘ago, nine months $227,887 vs. $105,131 year ago. Peoples Drug Stores, Inc, first nine months consolidated net profit | $682,224 equal to $25¢ a common | share vs. $794,729 or $2.92 year ago. | September quarter indicated net | profit $175,359 equal to 65 cents a | common share vs. $222,702 or 84 cents previous quarter and $262,- | 353 or $1.01 year ago. Reed Roller Bit Co. first wivie | months profit before Federal taxes | $1,808,266 vs. $1,455,008 year ago. A. E. Staley Manufacturing Co. | and subsidiaries 12 months ended | Sept. 30 net loss $265,066 vs. net| profit $1,537,962 previous 12 months. | Ulen & Co. Sept. quarter ¢onsoli- | dated net loss $20628 vs. $194,284 | year ago; 12 months net loss $169,370 vs. $254,403 previous 12 months. | Virginia Iron, Coal & Coke Co.| Sept. quarter net loss $30,335 vs. | $33,135 previous quarter and $8029 | year ago; nine months Net loss | $93,168 vs. $89,984 year ago. 1 Yale & Towne Manufacturing Co. | Sept. quarter met profit $214,539 | equal to 44 cents a share vs. $344,151 or Tl cents previous quarter and | $266,319 or 55 cents year ago; nine | months $949,115 or $1.95 vs.

and |

454 or $1.39 year ago. (Copyright, 193%, by United Press) *

{shared the half dollar loss.

| bulls,

{tered sales

(On a par

strong | 5

| Light Lights

L eh w eights

Slang! ater

i Common, medium

(“Cull

Porker Prices

Drop 50 Cents

In Local Yards

Zin . Top on hogs sank to the lowest a Zine, pr pf .

evel since ‘Oct. 28, 1935, when values

jon all weights toppled 50 cents to- | aay, according to the Bureau of Ag- |

ricultural Economics. The chief depressing factor was continued losses in the Eastern fresh pork trade, al- |

though liberal arrivals locally made Av

THE INDIANAPOLIS TIMES

Ivonne Press

NEW YORK STOCKS

Net Change

Adams Exp AiroReduc ..... Air-Way El .... Alaska Jun Alleg Steel Allied Chem Allied Mills .... Allied Stores ... Allis-Chal

Lukas

—-

r- 39 am Chain’ & C15

Roll Mill . melt oh | Am Stl Fdies.. Am T & 7 Am A

Am Am am

FERRER rrr erin:

nchor Cap Armour Ill .e Armstrong Ck artioom. od... -- Asso Dry Cds . Atchison . tl Refining . Atlas Corp ... Auburn Auto ustin Nich jation Corp

@ PENA ER

FIER:

Sp pl gn ta

the task comparatively easy for buyv- |

ers hammer values so hard. Choice | Bald Loco ot wi

ers sold as low as $8.85. Light lights within a range of $8.35

were expected to total around 10,1000 head. Sows declined 50 cents to sell at $8 to $8.50. While the supply of steers ana heifers was negligible and quotations were largely on a nominal basis, the undertone of today's [slaughter cattle trade was sharply lcwer.

of “35 last week. Best steers consisted of lightweight offerings at $11. Plain light steers sold as low as $7. Not

many heifers cashed above $8, only |

cdd head reaching $9. kinds had a $5 bottom.

Plain light Cows ranged

[weak to 25 cents lower, with the ex[ception of cutter grades, these hold-

ing steady. A range of $3.50 to $4.50

to $9.35 (Beth Steel: Receipts |

"| Byers A M Scattered sales of both steers |

and heifers readily showed declines | to 50 cents from the close of |

| Chic

go ne

t+ h

alt & Ohio .. her, ‘Co iy Barns dall “a %X. Avh .... Bend steel

dp. C3 bt m7

pf Deckr Blaw-Gnox oeing Air [ Borden Borg-Warner Bdgept Brass Bklyn-M T Bklyn & Q Bucyrus- Erle Budd Mfg pf Budd Wheel Burroughs Butler Bros Butte Cap

FEO Se

L&]

LORI LLID

YrErryis)

Calumet & H.. Can Pacific | Cannon Mills Carriers & Gen 4 {Caterpillar T ..!} { Celanese ‘vite Celotex issn Cent Aguirre Cent Foundry Cerro de Pasco. | Ches & Ohio Chic E Ill pf Gt Wst Ry Mail Order

Pyri+i rey

Chi

| ChMStP&P pf

included sales of the low cutters and |

cutters, while plain and beef cows most turned at $4.75 to $5.75. sausage bulls were in demand, selling upward to $6.75 or steady.

however,

generally

sagged as much as Stockers and feeders were narrows outlet early, and scatlooked 25 cemts lower, Vealer prices broke 50 cents to $1

medium |

Ch & Nw Ry Chi & Nw Ry pf Chi Pneu T 1 Chi R I&P 7 el

{| Chrysler

Weighty |

Light |

from the close last week under mar- | ketings expected to total around 900 |

head. Good to choice bulked at $10 to $10.50, diums from $8.50 to grades downward to $6. Moderate supplies held lamb values with closing sessions last week, trading ruling active at the established levels. Good to choice ewe and wether lambs held a range of $9.50 to $10. Medium fleshed descriptions moved from $8 to $9. common lightweights as low as $5. Slaughter ewes at $3.50 down were steady.

offerings most me-

Petit itiainte NOMI O NL

(140-160) Good and

Medium

Good and Tedium 300d and Medium

choice

160-180 (180-200)

(200-320) Good an 220-250) Good and Heguyweizhts - 250-290) Good 1390- 350) Good Packing Sows 75-300) Good (350- 425) Good 25 Good Medium

choice .. choice

choice. . choice. .

LOB RIANA

choice. . choice. .

and and

mba

WD 0OPHNHY OD io ot

Pigs Good and choice Medium CATTLE —Receipts, 1400— Choice y00d Medium Common Choice Good Meg Common Choice Good Medinm Choice rood

1100-140)

(550-900)

(900-1100)

(plain) 1100-1300) Sf 15. 75 J

(1300-1500)

Heifers (550-750) Choice Good Common Good and choice Common, medium

9.75 (750-800)

7.90

Good

and cutter Bulls

Low cutter

(heef) common and medium Vealers Receipts Good and choice Medium and medium

Good Cutter,

900—

Calves (250-500) Good and choice Common, medium Feeder and Stocker Steers Good and choice Common, medium. Good and choice Common, medium

8.0041 19.5¢ 5.000. 8 Cattle

(500-800) 7.5010

(800-1050)

“JIN NOU

DO-ID

| Heifer

and choice and medium

Good Common Cows Good Common

~300

SY DO > QO

and medium SHEEP AND LAMBS —Receipts, 2000— Lambs Choice Good Medium Common

['Shorn Ewes—

3.00@ 3.F 2.00@

(90-175) Good and choice .

Common, medium

CHICAGO, Oct. 25 (U, P.).—Hogs— ceipts, 18,000, including 5000 directs; Ket, 25 cents lower; top, $10; $9.85 late: bulk good, choice 190-230 lbs, $0.65@ 9.85: 150-170 Ibs. $9.25 9.80, 2402 Ibs., [email protected];, packing sows, $8.40«

3 attle—Receipts, 22,000: calves, bidding 25 to 50 cents lover on rank and file, short-fed and moderately long-fed steers and yearlings: little done; early top, $19.50; little here of value sel above $15 howeevr: 10 to 25 cents on cutter cows; 25 cents lower on bulls; vealers, 50c to $1 ddwn, bulls, &7; vealers, $11, Sheep—Receipts, 11,000, including 2900 directs: fat lambs, very slow: few early sales, 25 to 50 cents Tower: down from $9.50: choice and above: sheep. easier: 25 cents and more off.

held %9.75419.85

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Library. THE TRAGEDY OF HENRY FORD, by J. MM. Teonard— “Around this strange man have centered m Ie worship. more hatred, Es perpl® ity. than around any ivate it izon in history GOVERN; MENT COMER Or ECONoMmIC TFE, bv David Kinley— ‘There wi - Eves be recurring social inequalities and therefore equally frequent recurrences »f demands for Government supervision or control of management OFFICE ECO) OMICS bv Engene J. Benge How to weed out ‘those costly inefficiencies which eer into the functioning of each office, be .t large or small.’ FLEMENTS OF PROBABILITY, bv Levy and L. Roth— "Certain writers see probability as a branch of Jue mathematics, others as a sta 0 I To Aue jt SS phiosobhical ot. aly of sc i m & as YACATION RY LANES FOR mp. by National n ustrial Conference vard —Various types of actual wacation plans reproduced in full,

nase sabe ien

GON D

$9 and lower | [ Cont

[CraneCo.. ... | Crown Cork

| Deere &

East R Mill . | East

| Ej Pwr & L $7pf [NE -H ‘Coal pf

City Stores . Cleve Graph Br Cluett Peab

: k Col Broadcast B Colum Gas Col Pictures vtec Com Inv Tr Commonw & So Commonw So ptf 37 Cons Aircraft Cons Film Cons Oil Container Cont Bak A Cont Bak B Cont Ins Cont Mot. . Cont Oil Del i Prod ....

| i

—

FYrrerry

FILIFLILL+IT IL

OF ee GG

Corn Coty

Crown Zeller .. Crucible St .. Cuba Co. .... Curtis Pub Curtiss Wr Curtiss-Wr Cutler-Ham

LI LILO Qn sa hI

Pe Te CW INA RINE aN 02 o

wo wal

ema

Daveza Strs Co Del & Hud D Lac & W Dist Seag

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Exchange Buf

| Pair Morse ' Fid Phen

| First

Firestone T N Strs

| Flintkote

| Freept-Sulphur

| Gen 0 | Gen

[Gen T & R 0 | Gillette S R ‘ 2 | Goodrich

2:50 |

io |}

> |

Y | Houd-Her

mar- | practical top, |

3500; |

lower |

native lambs |

feeding lambs, |

Follanshee ' Francisco Sug .

A minv Baking Cable Cigar Electric Foods Motors Out Adv Pub Sv Ry ‘& U.. Refract Thtre Eq

Gen

| Gen

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PRD AID OR

BID a re Wp NA - » a

tt BIDS ps

Hall Print { Harb-Walk { Hecker Prod Homestake B

Houston Oil Hudson Motor Hupp Motor

I11 Central Indian Ref Ind Rayon Inland Stl Inspiration | Inter Rub Inter Iron {Int Agric | Int Harvester Int Hyd El Int Nickel Int P&P

at3

GOI UY OLIVE WD TI DD aT ee

Cop

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| Pac West Oil

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; | opened lower. a Am & & Tas 5s

, | Unt

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS — 5.11 —10.57 + 4.56

| Saturday Week ago Month ago . | Year ago High, 1937, 194.40; low, 125. 73. High, 1936, 184.90; low, 143.11. 20 RAILROADS

ERLE oot

Saturday Week ago Month ago . Year ago . High, 193%, 64.46; Tow, 30.09. | ‘High, 1936, 59.80; low, 10.66. 20 UTILITIES 20.84 19.84 23.73 . 34.61

Saturday Week ago Month ago Year ago .... High, 1937, av. 54: low, 19.65. High, 1936, 36.08; low, 28.63. 70 STOCKS Saturday Week ago Month ago Year ago High, 1937, 69.67; High, 1936, 66.38;

11.52. 51.20.

Yow, low,

Net High Low Change Int Per pf . 40 391; Int T 6 6 em.

Johns-Man . 19

Kennecott Kresge SS .. PERG G&B

Leh Vv. Coal ... | Leh V Coal pf

{ Lehman Libby Mc & L { L-O-F Glass | Lig Sarb | Loew’ | Loft, Ine . | Lone Star Lorillard Ludlum Sty

0 UY CD OO ws OO oT ohn pt - Cae ro SB . ® ®

® Na CN ~100 UT DO Q0 Wn OO md i pt » =

Cem

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{Man EI mod ‘gtd Man S Marine Mid ... Marshall Fld .. Martin "Gl... Masonite Corp. Mathieson ‘ 3ay D'S ...... Maytag "iva McCrory ... McKesn & Rob McKesn&Rob pf McLellan St . Mengel Miami Cop .. Mident Pet Minn-Maoline . M SP SSM pf . Mo-K Tex Mo-K Tex pf

Tother Lode i Motor Wt Mullins Mfe B Murrav

Nash-Kelv Nat Nat {Nat

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LALLA ALA AAD AA

ow ens Ill Glass

14 61a 11% 90%, 10%

EB” 10% 897% 10%

| Backard { Paramt Pict Para Bic yl i ara Pic

N. Y. Bonds

{ BOND PRICE INDEXES 20 20 20 60 2 | Inds. Rails Utils | 81.1 76.9 94.0 83.5 4 93.7 . 88.5 96.3 . 939 105.8 90.0 101.8 95.0 106.0 82.5 223 . 018 2

106.2 . 90.0 103.5 21.4

y 103.6 % 6

89. Standard Sta

YORK, Oct.

R89. 99.7 90. 100. 82.3

3 1 1 3 100.2

wd (Doo

1937

. 25 (U

NEW

25 52

So Rwy

Curd Ste

NEW YORK, Oct. stocks opened irregular. Alum Co Am Am G & E Am Sup Pow Cities Serv El B&S Niag Hud P Pantepec St Regis Technicolor Gas

Stocks

25 (U. P.).—Curb

See Final Edition of the Times for Closing Stock Quotations and Other Late News

Pens sion System

By JOHN

| | 5 | | |

NEW YORK, Oct.

The President talks penditures for Old-Age Reserves. | He says that the expenditures under the Social Security Act for old-ag> | reserves by June 30, 1938, should | be $690,000,000. If vou are a casual reader of the | newspapers you might get the im- | pression that this Government fis | going to spend $425,000,000 on old- | age pensions during this year and | by the end of June 30, 1938. A closer reading reveals that last | year and this year the amount to [be “spent” is $690,000,000. As a'matter of fact, however, this | money has not been and will not be spent. It will be carried on the [books as if spent. But what has land will happen to it is that it ‘will [be “invested.” Apparently $690,- | 000,000 of money has been collected [in old-age insurance taxes and this | money, under the law, must be in- | vested in Government bonds. This { means that the money will be

| transferred to the Treasury as a |

| Joan to the ‘Government. The | Government will owe it to the Old- | Age Pension Pund. The Old-Age | Pension Fund will own government |‘ bonds and the Government will owe | the money. | Thereafter the Government may | do what it wants with this money | just as it may do what it chooses | with any other money it borrows. | Tt ‘will spend it, but not on old- -age security or pensions. It Will spend it for relief, recovery or any object it may deem wise. And after the ‘Government has spent it, it ‘will be,

Times Special

Reyn et “— | RionfieM Oil...

| 20th Cent-Fox

| Union B & P | Union a | Un 5 | on

1 {Un G lu { US Rubber (OU "| Ut

| Vanadiun

| Wilson & Co | Wo

Zenith Rad | Zonite

Bonds | 85.0 | 83.9 |

| the

| lowest

Net Last Change Park Utah ... Pathe Film Patino_Mines .. 10

bymouth Oil. . Poor B

Por. t Ric-Am A Postal Tel of. . . Press a! 1 Pullm

Purity

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Bak

Radio ov Radio § N Radio K-Or Rem Rand Reo Mot Reublic Stl

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Carb Oil Cal Un Aireft Cp Air Lines United . Corp ... United Drug ... Un El Coal ... United Fruit as Imp .. A

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Va-Caro Ch Va-Car 6 pf

Wabash Walworth . Ward Bak B Warner Bros Wes Oil & S West Md West Pac bf West Union Westing El White Mot

591; 39%

59!

Wilson pf 30%

olworth

10'% ana

Yellow Tr Young Sheet

TE OUTPUT DROPS IN WEEK

BELGIUM FACES

| one,

[ of mismanagement.

: Pol

Here's the Indianapolis Police Department's riot

squad poised for action in the

bullets” car.

bow room”

squad has made a few “runs” in

Get Elbow Room

The riot machipe was built from an old police touring car to give the officers more “elin manning the machine guns.

in Riot Car

Times Photo. they were minor calls and no gun action was required. Members of the squad seated in the car are (left to right) Herbert Reinking, Elbert Burns, James W. Graham, Sergt. Carl Elder and Glydon “Cy” Macy, the driver.

new “battle-of-

The the new car but

PAGE 11°

Margaret Dre

nnan Hides From Widow;

Troth to Family F Friend Is Rumored

BANKING CRISIS;

CABINET QUITS Van Zeoland’s Bovemment Resigns; May Delay

Far East Parley.

(Continued from Page One)

that he “wished to resign. The Min-

s | isters agreed to join him and the | _ | Premier | resignation at the Royal Palace,

| pected to make a radio speech to |

the nation, defining his position. The crisis purely a ial | It is the climax to a five-ye political dispute over methods of |

| managing the National Bank. Pre- |

mier Van Zeeland is not involved | personally in the opposition charges | But it would | him to testify in

be necessary for

| a judicial inquiry and he felt that

Metal Production Lowest Since February, 1936,

‘Steel’ Reports

CLEVELAND, Oct. 25 (U. P).—| The national production rate of steel industry fell 10,0985 last week to 53 per cent of capacity, since early February 1936,

| the Magazine Steel said today.

Steelmakers, however, are con-

| vinced the present setback is tem- |

| porary and not the beginning of a

I'saiti, pointing out beginning to appear which indicate

and producers | books in many lines,

publication

signs are

the that

major recession,

the market is nearing the bottom of the decline. Although consumers are restricting their buying, using backlogs of | materials bought earlier in the year, have cleared their | buying in cer- | tain products shows an upward | trend. Increased

automobile schedules |

{ are bringing improved demand from |

| that quarter,

2 |

| sheet ‘manufacturers are operaiing

at a higher rate than the average |

| for all steel products

Cuts Purchasing

Power of WwW orker, Flynn Asserts

T. FLYNN

Writer

25.—The President's budget statement had in it one item which ought not to escape notice. the strangest tax vagaries ever recorded in the annals of civilized taxation. about ex-« ———

It has to do with one of

so far as the Government 'is concerned, gone. If-thereafter the oldage fund wants any of that money back for any purpose the only way the Government can get the money is to impose taxes on the people.

The amount spent for old- -age insurance last year and this vear will be ftrivial—a few million dollars. The amount, collected will be. as these figures show, enormous. Next year it will be even greater. For the next 25 or 80 years the Government will collect each year hundreds of millions of dollars more than it spends on old age pensions. And as it collects the money in taxes for old-age pension purposes it ‘will borrow it and spend it for all sorts of purposes. The seriousness of this lies in this fact—that the Government will be taking these billions out of the | pockets of workers. It will be taking billions out of the expendable income of workers who would otherwise spend it. It will, to the extent that it takes these billions, re|'duse the purchasing power of the

cut in purchasing power. will never, back to them more than a fraction

them in taxes. This fs a part of the old-age pension system which should be repealed with the greatest possible haste.

i cent kigher. | be_55 pounds gross.

[22¢

| under

. + > | tatoes—Tennes: in pensions of what it takes from | or 3

Most independent producers have followed the action of the leading | steelmakers in reaffirming current | prices through the first quarter of

( 1938, thus assuring a steady market

through the winter. No action has! been taken on pig iron, and sharply lower scrap quotations apparently have removed cause for expectation of an advance late this year “With steel production sharply curtailed from the volun® of six | months ago, melters are indifferent to scrap and prices continue to recede steadily in absence of buying,” | Steel said. “Prices are largely steadely nominal or based on broker | transactions in many cases. Production of scrap from industrial operations continues at a higher rate than steelmaking, as steel inventories are drawn on, and the market is heavy with offerings.”

U. S. STATEMENT

WASHINGTON, Oct. 25 (U. P.).—Government expenses and receipts for the current fiscal year, through Oct. 22, compared with a year ago is Year $2,423,582,666.80 1,014 095,355, 6: 500,487,311. 2, 716. 586,398.5 923,124,769.° 36, 955. 011,521. 68 12,796,467,133.68 143, 050, 974.48 oday’s Pur. $1,092,477.64

Last Year $2,189 452,114.61 1,344,857,245.25 844 504,869.35 1,872,269,997.81 1,401,586,892.70 33,833,917,972.35 11,010,990,036.46 130,271,610.92 | Total Pur. $1,264,962 043.27

Expenses Receipts. . Deficit ; Cash bal. Work. bal. Pub. debt, Gold res, Customs

Inac. gold

INDIANAPOLIS CLEARING

Clearings Debits oN

HOUSE

.. $2,766,000 6,204,000

LOCAL PRODUCE

(The prices quoted are paid for stock | gathered in the country while for deliveries in Indianapolis the prices are 1 | Each a case of eggs must | 1 Strictly fresh loss off, | 4'2 lbs and over, heay springers, Mgt hens, and over roosters ever, 12¢c; Te. No.

Eggs—No. eggs, do 18¢c; 115 14c; 16¢; Bc. | old |

36. @ 32¢.

2. Heavy breed hens 41, 1bs., 16¢ Ibs, and over, 18c Leghorn springers, Bareback broiler: young ducks, 4 ducks, 8c, geese, Butter—No. 1, 37c. Butterfat—-No

hi Po Ibs. and 9 to 14 Ibs. 381% a1 30¢ 1 34c,

n 5

FOOD PRICES

CHICAGO, Oct. 25 (U. P.).—Apples— | [email protected]. Sweet Pobu. hampers, 75@00c. bunches, 2@2!5c. Spinach | 40@75¢c. Tomatoes—Cali- | '[email protected], Cauliflower Colorado, crates. $1.35001.40. Peas—Call- | fornia, hampers, $2,[email protected]. Celery — Michigan, flat crates, 40@50c. Onions (50B® sacks), Washington, Valencias, $1 1.05; Minnesota, yellows, [email protected]; Iowa, yellows, 97%zc; Idaho, whites, $1.15,

Carrots—Illinois, —TIllinois, bu. fornia, lugs,

‘Penalties for Japan

I strong

by | Brussels Wednesday and the British | notify the State Health Board of vi- |

| Eden in command,

{ probably tomorrow.

guns today.

C. I. O. Organizer Hunted as Another Dies After Shooting

| shot. | ganization.

tain Albert Mikes that (him,

['said,

such testimony was incompatible with the dignity of his office.

Hint U.S. to Fight

(Copyright, 1937, by United Press) LONDON, Oct. 25 (U. P.).—QGreat Britain and the United States intend to work together at the Far | Eastern conference at Brussels toward international action to end the | Japanese-Chinese war by mediation | and will resist any excited demands for penal action against Japan, it was reported today. Pronouncements as to American policy were supplemented here by | intimations that both | countries oppose any action that | would antagonize Japan, and thus | tend to stiffen her determination to fight in China to a finish. The American delegation, headed | Norman W. Davis, is due at |

[ delegation, with Foreign Secretary | is due Friday, Of the nations signatory or adherent to the Nine-Power treaty, | the ‘United States, Canada, Britain, | France, Italy, Portugal, Norway, | Denmark, Netherlands, Belgium, | China, Mexico, Australi, New Zealand, South Africa and Sweden had | accepted invitations to attend. |

Tokyé reports were that Japan had not decided whether to attend. She feared that she might be ar- | raigned at the outset as an aggressor. It was expected that a decision | would be made within a day or two, There were in- | dications at Rome that Germany | and Italy wanted Japan to attend.

Report British Ordered

To Fire on Planes

SHANGHAI, Oct. 25 (U. P.).-— British defense lints on the west fringe of the International area were provided with antiaircraft machine Their crews were or-

ISELIN, N. J

| “somewhere in New York State”

| Saturday to seek

| When she came here Saturday she |

| sel,

lin Indianapolis and vicinity and is |

| sidered means of safeguarding the |

(ian men and women, including eight |

, Oct. 25 ‘QJ. Drennan was

hom il day to avoid an interview with Mrs. | Myra Reeves, widow of the man she | killed in defense of her honor, The 20-year-old school girl et her home about 30 hours after jury acquitted her of the murder of| Paul Reeves, father of her a child. John Drennan said his ——— was afraid of Mrs. Reeves, who fried to enter the Drennan home “the truth” about the slaying of her husband. “If she comes here again, I'll have her arrested,” he said, “There's no telling what those people will do.

| Margaret

- REPORT RUSSIA

Sunk; Plane Raids Air

Line Base.

(Continued from Page One)

| at the present m

moment,

not only banged at the door, banged on the bedroom window, where Margaret was trying sleep.” According to a copyrighted York World Telegram story, Miss] | know Drennan will marry Thomas Mec- | | Govern, a family acquaintance, s00n, |

PURITY SQUAD’

she too, to

and

| situation.”

| Office saying that Ambassador Mais

A Secretary Eden.

‘French Ship Is Bombed and Sunk

a France, (U. —A new wave of

Oct

‘READY TO LEAVE SPANISH PARLEY

French Ship Bombed and

is | camouflaging an entirely different

" Both the Soviet Embassy and the New | Foreign Office professed to have no ledge of the report, the Foreign

On, i has no appointment to see Foreign

25 ‘piracy”

was ot today in the Mediter-

VISITS TAVERNS

Better Sanitary Conditions he “Bren re Is Goal of Indiana Excise Office.

of the Balearic Islands.

State Excise Director Hugh A. | Barnhart today announced the de-| (he attack occurred.

[partment’s new four-man “purity The official Italian News Asgenc squad,” in co-operation with the | reported, meanwhile, that an State Health Department, has draft- | identified German steamer led an enforcement program to im- | [prove sanitary conditions in taverns. He said the squad is completing | a three-weeks inspection of taverns |

{on the Eastern Spanish coast.

| not available but added that [first name of the vessel was “know [to have been ‘Wilhelm’ The German War Ministry nounced that it was without mation. Lloyd's register lists German vessels with “Wilhelm” the first name, the Wilhelm Riedemann, Wilhelm Russ Wilhelm Traber

to start a State tour Wednesday. “The purpose is to raise the whole moral standards of the liquor business in Indiana,” Mr. Barnhart said. He explained the squad has been linstructed to work with city health departments and if necessary, in re- | moving insanitary conditions, to| A gray seaplane with a cross on its fuselage | eunned the air base of the Air France Line at Fer-

olations,

(dered to fire on any airplane that | approached dangerously close, it was | said on reliable authority, This grave move was the direct | Sequel to a Japanese airplane attack [on a British Army outpost vesterday | in which a rifleman of the Royal

st y Ulster rifles was killed. | ported to have been hombed by a

Foreign naval and military auYin 4 fairplan | thorities, anxious over the increas- | a plane 80 miles west of Cape Tene

ling fury of the Japanese attack, con- |

Minorca today. Fire from the plan set fire to dispatch boat owned by Air France. spread rapidly over one was | known.

The the vessel. injured as far as

| by the British Admiralty. | said that the flying boat | Hind” reported that a British ing boat was dropping bombs on “flame floats.”

| International Settlement and French | Concession, Not only had Japanese airplanes (killed the Ulster rifleman, on sentry | | duty in the British defense lines, | : but planes apparently of the sate | J12t a Panama tank squadron had machine gunned two | . ‘ ; THRE Er ; ao: | Spanish Rebels in the parties of excursioning foreign civil- | Gibraltar and taken to Ceuta,

| ish Morocco.

steamer

Straits

Americans, The Ulster rifleman who was killed —Rifleman W. McGowan—was bur- | fed with full military honors this | afternoon.

to intervene apparently saved

| miles off Saint Maite De La Mer.

CHICAGO, Oct. 25 (U. P.).—Pol

[ Cain today, after the death of John White whom he was said to have | Both men were organizers for the Committee for Industrial Or-

White died yesterday from two®

bullet wounds received in a C. I. O. [union meeting hall, where he had delivered a ‘pep’ talk. On his way to the hospital, he told Police CapCain shot

Witnesses told Capt. Mikes and | other officers that Cain and White |

had visited a beer tavern together | facturing parts for the Ford Motor | [ Co.

[and returned to the hall. Cain, they went into a washroom, returned with a revolver, shot White | without warning. Cain recently replaced White as

ATTORNEYS! ATTENTION

Investiga t our ste shelving fo your la librari e Practic a conve nient . reasonable!

| missed as organizer. White recently |

FRONTIER, Oct. 26 (U. P)

Thousands of Moors and

| sitions on

Oued

unidentified airplane 50 miles east The crew was saved by two French destroyers, The Oued Mellah, a 2413-ton ves was en route from the French Moroccan port of Lyautey to Port | Vendres with a cargo of grain when

unwas torpedoed and sunk off Cartagena, It {said that details of the attack were the

ale inforfour as A, and of Hamburg and [the Wilhelm Kunstmann of Stettin, black machine mail and seaplane

nells on the Loyalist held island of

No. 91, fir No way

An unidentified submarine was ree

| Algeria, The “attack” was explained was “Kaijser-T-fly practice

Lloyd's shipping service reported was | halted by an armed trawler of the of

Span-

A threat by a French patrol boat the French freighter Procida from cap- | ture by a Spanish Rebel warship 10

HENDAYE, FRANGO- SPANISH

Foreign Legionnaires attacked Loyalist pothe northern Aragon | front today in what was believed to

| be the opening moves of a general

joe intensified their search for John | Revel offensive.

Generalissimo Francisco Franco | was reported to have cempleted | plans for a major offensive designed

| to cut off Madrid and Valencia from

general organizer for r the Chicago | [ district, which includes the giant Indiana and South Chicago steel

capital of Tioyalist Spain.

| Barcelona which soon will be the

mills. Homer Martin, president of | the United Automobile Workers, said | in Detroit Cain also had been dis- |

® NEON ° SICNS

Indianapolis Electric Sign Co. 228 N. ALA. Ll. 5674

had devoted organizational work to | |the U. A. W. union in a plant manu-

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Over S104,100,000.00 in force, Fdward B. Raub = President

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