Indianapolis Times, Indianapolis, Marion County, 3 November 1937 — Page 13

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‘Two Families Forced to Flee This Home

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

WEDNESDAY, NOV. 3, 1937

~ STOCKS DROP ONE TO FOUR POINTS; MINING SHARES UP

U. S. Steel Declines Nearly Three Dollars

Last chan Adams Exp i See Air Reduc .e . Air-Way El .... Alaska Jun Allied Chem Allied Stores Allis-Chal ..... Amal Leath Amerada Can

-2.28 ~—0.52 ~3.10 +3.99

Unlen Carb . Pacific Un Aircraft Cp Air Lines... High, * 033. 194.40; low. 125.78. High, 1936, 184.90; low, 143.11.

20 RAILROADS

Vadsco Sales ... Vanadium 17 usa . van Raalte .... 64.46; low, ‘30.09, 59.89; low, 40.66. 20 UTILITIES

g High, 1937, High, 1936,

Am Enc Til Am & F Pwr Am&FPwr $7 pf 2 Am Hide & L on 2 Am Mach & Fdy 141g Am Pwr & Lt 87 Am Rad & S 8S 12% Am Roll Mill .. Am Smelt .. | Am Stl Pdies .. Stores 12? T® T .... Tob B “a'e Water W Woolen Woolen pf | 2 | Andes Cop

Wabash

Walker Walworth Warner Bros .. West Union West Air Bke . In Westing El ....102'% Willys Overland 37 Wilson & Co .. % Woolworth . Worthington ...

Monday Week Ago Month Ago Year Ago High, “ogy,” 87.54; low, 65, High, 1936, 36.08; low, 28.63,

70 STOCKS

Hogs Advance 10 to 30 Cents : To $10 Top i

Hog prices ruled 10 to 30 cents | 3mour I pr pt 7 higher in the Indianapolis Union | Armstrong k Stockyards today, according to the | Arilo9m

Ronday Week Ago Month Ago Year Ago High, 1987, 69.67; High, 1936, 66.38;

-—f). 82 —0.26

+ 0.87

+ 0.57

Am as | Bm Am 65.35 Tow, 41.52.

low, 51.20,

Yellow Tr «oo.

NEW YORK, 3 (U.| P.) .—Gold mining issues re- | sisted a downward trend on

genith Rad .... 22' 22 22 Zon 3% 37% 37%

. Net Last Change 19% % Ya

High Low

Kroger G&B ... 19%

the Stock Exchange today and advanced while the remaind- | er of the list registered losses of 1 to more than 4 points.

McIntyre Porcupine featured the | gold section, 3712. Dome Mines gained a point to | 46; Homestake gained 1% to 497%, and Alaska Juneau gained % point to 123%. Steel shares were weak with U. S. Steel down nearly 3 points. Chrysler lost more than 3. Coppers were | weak at losses ranging to nearly 3. New York Central was down more | than a point. Losses of 2 points or more were noted in many

points to 99. ”

Today's Business At a Glance

CORPORATION NEWS

. Addressograph-Multigraph Corp., including domestic and foreign sub- | sidiaries, first nine months’ net profit $1,544,702, equal to $2.05 a | common share, vs. $875,147, or $1.17 year ago: September quarter indicated net $352,116, or 46 cents a share, vs. $688,088, or 91 cents previous quarter and $217.017, or 29 cents year ago. Bell Telephone

Co. of Pennsylvania, September net operating income $1,207,438, vs. $1,274871 year ago; nine months $11.956,137, vs. $11,885,355 year ago.

Eureka Vacuum Cleaner Co., first

nine months’ net profit $53,179, equal |

to -22 cents a share, vs. $165,766, or 69 cents year ago: September quarter net loss $50,525, vs. $44,384, or 18 cents a share previous quarter and net profit $9904, or 4 cents year ago. Neisner Bros. Inc., October $2,083,766 vs $1.958.883 vear 6.3 per cent; vs. $16,163,841 year cent.

ago,

Ludlum Steel Co., September quar- |

ter consolidated net profit $301,994,

equal to 60 cents a common share, | ago; | profit |

vs. $270,968, or 54 cents year nine months indicat?d net $1,201,197, Sued to $2.41 a common | share, vs. $705,350, or $1.30 year ago. Pacific Telephone & Telegraph | Co., first nine months consolidated nct income $14,454,345, equal to $5.96

a common share, vs. $14,575,474, or

$6.03 year ago. Pacific Western nine months net equal to $1.23 a share vs. $913,279 or 91 cents year ago; September quarter $229,951 or 23 cents a share vs. $733.291 or 73 cents previous guarter and $270,158 or 27 cents year ago. Poor & Co. September consolidated net profit approximately $8000 or 5 cents a Class “A” share, vs. $129,000 or 80 cents a Class “A share and 19 cents a Class “B” share year ago; nine months net profit $958,000 or $5.98 a Class “A” share and $1.98 a Class “B” share vs. $463,000 or $289 a Class “A” share and 78 cents a Class “B’ share year ago. Southwestern Bell Telephone Co., September net operating income $1585.611 vs. $1.669,263 year ago, nine months $14,880,722 vs. $14,798,508 year ago. Studebaker

Oil Corp,

Corp., September

quarter consolidated net loss $665,- | ago, |

$296,283 year profit $508.577

net loss net

941 vs. nine months

equal to 23 cents a share vs. $708,-

547 or 33 cents year ago.

DIVIDENDS

Brown Shoe Co., regular quarterly 75 cents on common payable Dec. 1, record Nov. 20. Coca-Cola International extra $1550 and quarterly $6 on comon payable Dec. 15, record Nov. 26 vs. $585 Oct. 1, $3.90 July 1, and | $3.90 April 1. Homestake Mining Co., regular | monthly 372 cents on common payable Nov. 24, record Nov. 20. S. S. Kresge Co., 30 cents on common payable Dec. 13, record Dec. 1 vs. like payment Sept. 13. Union Tank Car Co, quarterly 40 cents payable Dec, record Nov. 15. (Copyright, 1937,

CHICAGO PRODUCE

regular 1,

by United Press)

firm. reecipts, firsts, 23'2c; extra receipts, 22c; checks,

Eggs—Market frasn graded 26'2c; current dirties, 19c Butter—Market steady; tubs; extras (92-score), 35c; 190-91 Ya-score), 33'af@34a'sc] 32¢: seconds. 28@30'zc; specials, 35'>@36¢. standards, 34%2c¢ centralized (89-score), 32c; centralized (88-score), 31'zc. Poultry—Market steady to firm: receipts, 1 car, 41 trucks; ducks, 16'2@19'2c; geese, 17c¢; hens, 18@22c; spring chickens, 91@23c: roosters, 14@l5c; broilers, 24@ 26c: turkeys, 16@22c: leghorn hens, 15c. Cheese—Twins, 196@19'4c; daisies, 19'4@ 19'-c; longhorns, 19'4@19'2c. Potatoes—Sunplies heavv, demand market steady. Idaho Russet Burbanks, [email protected];: U S. No. AT @ 1.25; Colorado Red McClures, $1 3541.60; North Cobblers, $1.10; 1 Ohios, $1.05@ 1.072; Cobblers, $171.05;

firsts, 17c;

receipts, extra firsts, 31'afu

Minnesota

fives, 74; on track, 444; shipments, 250.

LOCAL PRODUCE

(The prices quoted are for stock gathered in the country, while for deliveries in Indianapolis the prices are 1 cent higher. Each case of eggs must weigh 55 pounds gross.) Eggs—No. 1 strictly fresh, Heavy Breed Hens—4! 18c; under 4!2 pounds, 17c: heavy springers, 12 pounds and over. 18c: leghorn springers, 1'2 pounds and over, 15c¢: bareback broilers. 14c. old roosters. 9¢; voung ducks. 4 pounds and over, 12c. old ducks, 8c; geese, 9 to 14 pounds. 9¢; turkeys. young hens. 8 pounds and over, 9c: voung toms, 14 pounds and over, 18¢c. No. 1

turkeys, 1 No No

loss off, 24c. pounds and over,

Butier—No 37c; butter fat

FOOD PRICES

CHICAGO, Nov. 8 (U. P.).—Apples— McIntosh, 80c@ $1.25. Sweet Potatoes— Tennessee, bu. hampers, 75@85c.. Carrots —Illinois, bunches. 1'2@2'2c Spinach— Illinois, bu. 255. Tomatoes—California lugs, $1@2 Caulifiower—California, crates, Hea 35. Peas—California hampers, [email protected]. Celery—Michigan, square crates, Gon 75¢c. Onions (50-1b. sacks)— Washington Valencias, 92'2@97'2¢; Idaho, Valencias, : Iowa, Valencias, 92%zc; Jowa, reds, 95c.

38. @

39c¢: 2. 36:@ No. 1. 34c; 2. 32¢c.

rising 1% points to |

issues. ! Westinghouse Electric declined 5!'z |

net profit |

sales |

up | 10 months $17,469,139, | up 8 per

first | profit $1,232, 249, | |

quarter |

3 1 Common.

Corp., |

3082 cases; |

6455 | firsts |

slow; |

North Dakota |

Minnesnta Early Ohios, |

| Bureau of Agricultural Economics. Weights from 160 to 180 pounds | were 25 to 30 cents higher. Extreme | heavies scaling about 300 pounds were 15 cents higher. Light lights | and pigs were 10 to 25 cents higher. Top was $10 on choice 160 to 180pound butchers. Packing sows gained 25 cents, bulk $8.50 to $9 with a top of $9.25 on lightweights. The fat steer trade was slow and steady to weak, with spotted sales on the down side. Nothing grading strictly good or better or weighty | steers were unloaded and trading | was practically in the hands of local | | killers. Vealers found steady support un- | der light receipts and a better un- | dertone in Eastern dressed trading. { Good to choice vealers moved at $11 [to $11.50, most mediums from $9 to $10 and lower grades downward to | $6 on culls. Lambs again promised to hold top price around the market circle as steady levels here found active sup- | port. Good to choice natives held at | $10. 50 to $11, a load of choice 98pound fed westerns making $10.75. | Common to medium natives bulked | from $8.50 to $10, with throwouts $7 to $8. Slaughter ewes were [Seay at $2 to $3.50.

HOGS Bulk $ 9.15@ 9.40 9.55@ 9.80 9 55@ 9.80 955@ 9.80

9.55@ 9.80 2 45@ 9.70 [email protected] Light Lights— (140-160) Good bing Medium Lightweights— (160-180) Good and Medium (180-200) Good and Medium 1200-220) Good and (220-250) Good | Heavyweightis— { 1250-290) Good 1290-350) Good Packing Sows— | 1275-300) Good | 1350) Good 1425-550) Good (275-550) Medium Slaughter Pigs— 1100-140) Good and Medium ..

CATTLE —Receipts, 1000— (550-900) G

Top Receipts $ 9.40 9.80 28.80 9.80

9.80 9.80 10.00 $ 9.25@ 10.00 8.90@ 9.70 3 70@ 10.00 9.35@ 9.70 9.706210. 0

9.95 9.80

) 9.70 9.60

4500 |

choice

choice .. choice. .

choice... and choice.. choice. . choice. .

9.00@ 8.65@ 8.50@ 8.00@

8.50@ 8.25@

9.45

9.65 40

tienees

C : (900-1100) Choice ....e.ue ‘es 14, 00@1 G “ies 9.7

| fo re T75@IL 25

. C (plain)... { (1100-1300) cosa 3 | G vais vee [email protected] M . 0011.50 (1300-1500) 50% 17.00 G [email protected]

Heifers Choice Good Common Good and choice. ommon, medium .

(550-750) virigy en . [email protected] Sie 9.75 | 1750-800)

| Common, medium | Low cutter and cutter.....

Bulls

Good (beef) .. Cutter, common and medium.

Vealers —Receipts, 5 Good and choice

Medium Cull and medium

Calves

(250-500) Good and choice.. Common, medium

Feeder and Stocker Cattle Steers

(500-800) Good and choice medium (800-1050) Good and choice.. | Common, medium. Heifers — Good and choice Common and medium Cows— Good Common and medium

SHEEP AND LAMBS —Receipts, 2000—

oa aoa 05 20 POD

| Lambs — ChOICE «.:vvesaninsn Good Medium { Common ««.... | Shorn Ewes— | 190-175) Good and choice... | | |

Common. medium.

CHICAGO, Nov | ceipts, 14,000,

3, (U.P. including 2500 directs: market, 10 to 25 cents higher: top $9.80. 190230 1bs.. [email protected]; 150-180 Ibs., $9.45@ 9.75: 240-300 lbs. $9. [email protected]; most good packing sows, [email protected]; lightweights, ward to $8.85@8 90. Cattle—Receipts, 9000: calves, | largely steers and heifers in run: little done; mostly 25 to 50 cents off: long- | fed choice qualified heavy steers scarce; fed heifers scaling 700-850 lbs. selling 50 ents off at $11.75 down to $8: best fed | steers, $18.50; cows and bulls strong vealers steady: sausage bulls. $6.75 down; | vealers, $10.50 down Sheep—Receipts, 7000. including 500 di- | pees market, slow: few fat lambs steady: $10.35 paid for choice natives: biddin generally [email protected] for bulk; pring $ ro EP YET IE Nov.

very

3 higher: 170-200 bs..

rs Jos. $9. 501 9.65;

% %a down:

$10 50:

calves, is $10

FT. WAYNE, Nov. 3 Maries 5 to 20 cents bigher; $9.7 180-200 lbs., $8.65; 225-250 $9.45; 275-300 $9.25; 150-160 $9.40; 130-140 $9.19; 100-120 1bs., $8.75 $6.75; calves,

(U. P.).—Ho 3 160-180 200-225 iy 250-275 Ibs. 300-350 Ibs. lbs., Ibs.

$8; $11.50; $9.75.

LOCAL ISSUES

y Indianapolis Bond & Share Corp.)

The Ioliowing quotations do not represent actual bids or offerings but merely indicate the approximate market level based on buying and selling inquiries or recent transactions.

BONDS

Citz Ind Tel (TH) 4'2s 6 H Tel & Tel Ft W 52s 55 { H Tel & Tel Ft W 6s 43 { Ind Asso Tel 4'2s 65.... | Indiana Tel Co 5s 60 ... . Ind Railway Inc 5s 67 . 5 | Interstate Tel & Tel Stas "54... 9% Indpls Water Cn 3!5s 66 “ie Kokomo Water Works 5s 58... Morris 5&10 Stores 5s 50 .. Muncie Water Works 5s 65 .. Noblesville H D & P 82s 2 .. 100 Ohio Tels Serv 6s 47. . x19 Pub Tel 5'25 55 Rn W W 5s 57 ten un Seymour Water So 5s 49. T R Trac & L 5s 44 T R Water Works 55 58....... T H Water Works 6s 49 Trac Term Co 5s 57 srasnsne B

STOCKS

Belt RR St Yds com.......... § Belt RR St Yds pla-- seinen Cent Ind Pwr 7 “eur Home T&T Ft Home T&T Ft Hook Drug Inc com. Ind & Mich E Ts .. . Ind Gen Serv Co a Ind Hydro Elec com Ts pid Indpls Gas Co com ave 3 Indpis Pwr & Lt pfd 5s .s Indpls Pwr & Lt pfd 6los ... Indpnls Water Co pfd 5s Lincoln Natl Life Ins Co com Mallory com . Hl N Ind Pub Serv Co pfd 5'zs.. N Ind Pub Serv Co nfd Ts . Pub Serv of Ind pfd 6s ... Pub Serv of Ind nfd Ts . . Progress Laundry oe com 6s Smith Alsop P&V pid Smith Alsop P&V com .. 4 Terre Haute Elec Co 6s....... 94 Union Title Co com . Van Camp Milk Co pfd Van Camp Milk Co com

(By M. P. Crist & Co.) Market St, Investing Corp... 24.99

lambs,

9.25 |

8.90 | 9.00 |

| | 51 | Gen |

up- | 1 1200; | In

P) —Hog mar- |

Asso Dry Gds Atchison . Atl & W 58 Atl a & W r pf on Atl Refining .. 23% Atlas Cor ve 8a Aviation .“ 4

. 3 a . 103g . 0%

orp

Bald Loco ct Balt & Ohio Barber Co Barnsdall

wi 9 - 13% . 18

Blaw-Knox Boeing Air Borden Borg-Warner Bdgept Brass .. 11 Bklyn-M T - Bklyn & Q pf.. Bucyrus-Erie . Budd Mfg vee | Budd Wheel ... i Bulova W ..... Burlington M “ie Butte Cop .....

Calumet & Canada Dry Can Pacific .... Cannon Mills .. ! Caterpillar T .. Cent Aguirre Cent Foundry . Cerro de Pasco. 4615 Certain-teed

H ..

Chrysler . 75 Cleve Graph Br as Col Broad A. Column Gas ... 8% Col Pictures pf 30 Com Credit ... 44% Com Inv Tr... 48 Com Solvents. . Comm & So... Cong-Nairn Cons Aircraft... Cons Edison ... Cons Laund ... Cons Oil Con

1+11+11 1): LD LD ee eh a DPE PERN

Bak B Can Ins Mot ...» Oil Del... J Prod .... 56

| Cont | Cont Cont

| Crane Co cv pf 98 |Crown Cork ... 40 | Crown Zeller... 14 Crucible St.... 317% Cub-Am Re v 53g | Curtis Pub + 6 Curt Pub pf.... 481% Curtiss-Wr 4 wif 914 2613

“ae

Davega Strs ... Deere & Co ... Deisel W G ... 15% . 18 - 9 ..100 Diam Match .. 2173 Diam M pf . 32 Dist Seag ..... 16s Doehler D Cast 22 Dome Mines .. 46 Douglas Air . 382 Dow Chem a) Du Pont Du Pont 1003

pf [109%

East R Mill Eaton Mig ... Elec Auto-L ... Elec Pwr & Lt Elec Pwr & Lt Elk-H Coal pf . Eureka Vac ... Evans Prod ....

Fair Morse Fajardo Sug . Fid Phen ... | First N Strs | Flintkote . . | Freept- -Sulphur.

Cable A cigar Electric

Gen Gen | Gen | Gen Gen Gen Gen

ra Ca % —

Gen “a Gen Thtre Ea . i Gen T&R .... | Gillette S R ... | Gimbel Bros ... | Glidden ry Gobel, Adolf ... Goodrich ...... | Goodyear . Graham-Paige .

a a rN - a

ran [ddd N\ ra C0 on vt 00 00 BN rt Ba YO BD CI BI pt st st a 2 je BH td et 1 BD be r= C0 00 BI rs pn NO BI LI BIBI Ie tt pt BD

Woo Lr rr

Greyhound Cp . Guant Sug ....

Hall Print Harb-Walk .. Hayes Bdy .. Hecker Prod Homestake Houd-Her B . Hudson Motor Hupp Motor

£0

Ill Central ..... Ind Rayon ..... Inspiratn Copn..

1+11

0.08.

ATE EAN DEEP DE

4611] 3 mE

. .

Ss . | Island & Coal.. 2

Johns-Man

| Kalamazoo Stv Kaufman D S . Kennecott ‘ve ; | Bena SS... 7

to understand just what this means. It means that the Federal Government through the Federal Reserve Board has made the following proclamation to the people: “We hereby declare to the people of America that the prices of stocks are too low. We hereby announce | that this is a good time to buy. We | furthermore declare that we wish ol to see the prices of stocks go higher *| and therefore we have decided to | make it easier for you to buy stocks and even more stocks. For this reason we have decided that we will permit brokers to lend you $60 instead of $45 on every $100 of stocks you buy. What we want to see 1s more and more speculation. Come on in—the water is fine! Buy now while the buying is good because we cannot guarantee to hold margins that high indefinitely. Come on in and get the bargains!” That is what the Federal Govern- | ment has now said to the people |and if you go in and lose another

, | collection of shirts do not forget

who it was that invited you into the market. It was not the SEC. That commission had nothing to do with this margin order. It cannot raise or lower margins. The power is lodged in the Federal Reserve Board. The deed was done by the Federal Reserve Board and it was done of course with the full approval of the President. Therefore,

| st

| Shattuck | Simmons

| Snider

Leh V Coal pf . RR.. Ve

Leh V

| Lone Star Cem

Long Bell, A.... Lorillard ..... Lou & Nash.... Ludlum Stl ....

Man EI mod gtd Man Shirt .. Maracaibo EX.. Marshall Fld McGraw H .... McIntyre Porc.. : McKeesport ' McKson & Rob

CT DG @aeBD RE

Midland Stl Minn Hny . Minn-Moline Mission Corp.. Mo-K Tex

EEE] ' . 2»

W=WRWOLBINUND

oP EE J

bp aa NS @ a

Mueller Br .... Nuns Mfg B Murray

sill

Nash-Kelv Nat Aviation Nat Biscuit Nat Cash Reg . 15

— “NN

: +

Nat Dairy Nat Lead . Nat Pwr & Lt.. Natomas Newport Ind N Y Centras .. NYC Omnibus. . 5

Bo = POND BID OO “TOD wl ts BOLD J an’ NP APNDDIND

BIBI 0D mu

No Pacific

—

| Ohio Oil

oN 13 Oliver Farm Eq 32 Otis Elev Owens Ill Glass

Pac G Packard .. Panhandle Paramt Pict Para Pict 1 pf.

& El... 2

v3 . 15% .108

Pathe Film Patino Mines... Peerless Penney Penn R R.. Pet Corp Am. Pfeiffer-Brew Phelps Dodg .. Phila Co 6 pt. Phil Morris ... Phillips Pet... Pitts Stl . . Plymouth Oil .- Port Ric-Am B. Press Stl Car Proctor & G... Public Serv Pullman Pure Oil

Radio Radio nf N Radio-K-Or Rem-Rand Reo Mot “i's Regul ble Sti... Richfield oil

Jos Lead ... Schenley Dist

8 == NN

a » wn

Simms Pet Pkg Socony-Vac

tpt

South Pac South Ry South Ry pf Sperrv-Corp

et 0 BI 00 0D Pom»

TR WPAN NOW =a LO-T1WNANI TOTO

Gy. A NAND®

Gp Baan ®

bt pk CNN DON

Sunshine Min’. Superhtr .e Superior oil

B83

SIDI D es - @ a= % on

Sym-Gould XW.

Texas Corp .... Tex Pac LL T... Thomp Star United Corp

1 S Steel of Tide W A Oil Timk-D Ax .... Timken R B ... Transamerica .

Flynn Charges Admivistenion Encourages Market Speculation

By JOHN T. FLYNN Times Special Writer NEW YORK, Nov. 3.—The stock market goes down. Thousands lose their shirts because they thought it was going higher and kept on buying stocks, while wiser professional traders were selling. Then the Federal Reserve Board steps in and lowers margins.

It is a good thing for the people

the authority you must hold guilty of collaboration with the gamblers in Wall Street for luring you into the market is the President of the United States and the Federal Reserve Board headed by Marriner Eccles. In the days of Coolidge, when the great bull market was rising, at intervals warning signs would appear. Brokers’ loans would go so high that financial authorities would be alarmed. Promptly either Andrew Mellon or Calvin Coolidge would issue a public statement saying loans were not alarmingly high and the public would plunge in agai. Then perhaps the market would break a little. Instantly the President or his Secretary of the Treasury would issue a reassuring statement and back into the market the public would go. In the end ‘he whole thing crashed in the worst financial disaster in history. Now the President of the United States and the Federal Reserve Board repeat the Coolidge-Mellon stunt.

GRAIN PRICES MOVE IN IRREGULAR TREND

Wheat Futures Dip Slightly As Corn Advances.

CHICAGO, Nov. 3 (U. P)~— Wheat rallied briefly and prices

climbed fractionally from the early Trade.

was 5% to 3 cent lower, corn was to unchanged. Export interest in wheat was reported dull but scattered buying offered resistance to the early downturn and small parts of the early losses were erased. The early decline, some interests believed, had attracted some export business and buying followed circulation of this report. Wheat receipts were 16 cars. Corn futures made small gains on a rally which followed the slow opening. A leading elevator was credited with buying in December futures, some of which was against sales of May. Some local short covering also was in evidence. Corn

receipts were 318 cars.

WAGON WHEAT City grain elevators are paying for No. 2 red, 87c; other grades on their merits. gash corn, new No. 2 yellow, 47c. Oats, c.

ARGENTINE GRAIN BUENOS AIRES, Nov. 3 (U. P.).—Grain futures opened irregular. Wheat—December, $1.13'2, off 4c; February, $1.05, off 14¢. Corn—November, 66!zc, up %sc: December, 66%sc, up 34c. Oats—Spot, 30'sc, unchanged. Flax—November, $1.37%, unchanged; February, $1.29%, unchanged. LIVERPOOL WHEAT Low Close $1.26'% 1.2074 1.19%

Hig $1.27°

«iq 1.22% . 121

N. Y. Bonds

BOND PRICE INDEXES 20 26 20 Indus. Rails Util. HY 95.5 “Le 94.3 84.1 97.4 99.1 105.6 9.0 102.0 101.2 106.0 2.1 92.3 100.4 106.2 84.7 103.5 | 1935 high 91.4 86.4 103.6 1935 low ....... 9386 1.0 89.3 (Copyright, 1937, Standard Statistics Co.)

NEW YORK. Nov. 3 opened irregular.

1.19%

60 Bonds 85.4 81.4 89.9 99. 90. 100. 82. 100. 93. 93.1

Monday Week ago a Month ago .... Year ago Two years ago. | 1937 high | 1937 low | 1936 high 1 1936 low

NJ 88.2 93.0 90.4 95.0 82.5 91.8 90.0

Canada 34s Eolumbia Jan RE

G Liquid Carbonic 4s Stude 6s ...

ey torts

NEW YORK. Nov, opened irregular,

Am Air Asso G & Cities Serv Creole Pet B&S Lake Sh Min

Niag H ee Technicolor

U. S. STATEMENT

WASHINGTON, Nov. 3 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 1, compared with a year ago: his Year .$2.624.836,822.49 $2 2,007,393,652.10 1,

Last Year 375.074,444.8 425,130,681.85 949,943,763.01 1,755,589.945.14 1,282,937,231.54 33,830,566,156.35 11,053,608,088.45 154,080, Sn 14 145,137,131.20 Today's Total Pur. $203, an 70 $1,271,598,558.70

Expenses :

Pub. debt Gold res. Customs...

"317.009.026.553. 4 12.803,130.404.40

Inac gold..

INDIANAPOLIS CLEARING HOUSE

ClearinRY «.eesvesresseseee ++. $3.302.600 Debits 8,224,000

NEW YORK, Nov. 3 (U. P.) Foreign exchange opened irregular. Net Cauie 2 Rates | . su

{58 11-16 1.00 1-64

Change + .00 3-16

England (pound) 2 ~.00 3-16

Eng.(60-d. bill rate) Canada (dollar) France (franc) Italy (lire) . Belgium (belga) Germany (mark) . Switzerland (franc) Holland (guilder) Spain (peseta) Sweden (krona) Norway (krone) Denmark (krone) Japan (yen)

2 00002

-+.0002 -+-.0001'2 0002 .0003

. Unquoted .2560 24941, 22161; .2896

NEW YORK. Nov {U. P.).—Dun Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press {1930- 1932 average 100). Monday Week ago . Month 2 .e

Year high (dori, 5) 1937 low (Nov, 1).

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

SAFE DEPOSIT BOXES

Reasonable Rental

Security Trust Co. 130 E. Washington

Member Federal | Insurance Corp

WASTE

RI-6341-6342

AMERICAN PAPER STOCK COMPANY

-PAPER

320-330 W. Michigan St.

lows today on the Chicago Board of |

83.0

(U. P.) fn Open Change 98°

3 (U. P.).—Curb Stocks open RE

At the end of the first hour wheat |

3s cent higher, and oats were |

vy I

Two families living in this double house in the ,

1700 block new homes today floor and roof yesterday. by Mr. and Mrs. ” o

after flames One

in Lyndhurst Drive were razed side was occupied Harold C. Davis and two children

| and the other 2-year-old

looking for 8

the second

and £ carried to safety in the attic. n

” u

Two Overnight Fires Cause

Loss Estimated at $6000

son,

Times Photo. ide by Mr. and Mrs. Crim Ashley Children in both homes were shortly after the fire was discovered

WORKER KILLS WIFE, THEN SHOOTS SELF

Owners of two apartment houses and a drug store today counted Coole Is Found Dead i more than $6000 loss from two fires last night.

Harry Ewings, 1516 W. 21st St.,

and apartment building at Oliver Ave. and Division St.,

owner and operator of a drug store said a fire that

burned the interior of the drug store caused about $4000 damage. The fire started shortly after Har-¢

old Dean, 531 Arbor Ave. a clerk, closed the store at 10:45 p. m. A passerby turned in the alarm.

Mrs. Beulah Baker and her 14-

burned into the two downstairs apartments and caused a loss estimated by Mrs. Fromme at

vear-old son, Daniel, and Mr. and | {han $2000.

Mrs. Lacey Lanning, occupying twu apartments above the store, were

rescued by neighbors and firemen. | Malcolm, Their apartments were damaged by | apartment,

smoke, Fire started at 9:30 p. m. in brick and stone four-apartment building at 2428 Park Ave. owned | by Fred Ownes, St. Petersburg, Fla., and managed by Mrs. Fromme.

WHITE RIVER RIPRAP ie

Miss Pauline Stone and Miss Pear] | occupying a first

rushed upstairs to that

| occupied by Mr. and Mrs. William |

| H. Ehrich, who phoned in the alarm. Mrs. B. G. Franklin, John Brown, Mrs. Ora W. Brown and Mrs. Agnes

G. WwW. | Grell, who occupied the other down- | stairs apartment, made their way to

safety. Ele firemen were extinguishing e blaze, Dr. Vincent A. Lapenta, Jeelian consul here, and his daugh- , Catherine, served hot coffee in

more |

floor |

| Auto Outside or

MISHAWAKA, Nov. 3 (U, P). | Claude Scott, 34, employed by the | Studebaker Corp. shot and killed | his estranged wife, Ette, 32, and | then turned the gun on himself as | they sat in his automobile in front |of a tavern near here last night, | police said today. Scott walked into the tavern where his wife was employed and | asked her to step outside with him, | witnesses told police. He was found dead, slumped over his wife's body in the front seat of the car. Both had been shot through the head with a shotgun.

Mrs. Scott, mother of four children, had filed suit for divorce ree cently,

CONTRACT AWARDED | or nearby home to occupants.

R. P. Olinger, Huntingburg,

| sub-

mitted a low bid of $9486 for build- | ing a riprap on the east fork of | White River one-half mile north of |

Haysville, the State Highway Commission announced today.

The riprap is to protect the fourspan steel truss bridge on Road 45, and is to replace some of the material washed out waters last winter, Reith- Riley Construction Co., Goshen, submitted the only other bid of $10,211. Both bids were under the Commission engineers’ estimate of $11,229.

HIGH SCHOOL PUPIL WOUNDED BY FRIEND

Fifteen-year-old James Hail, Washington High School pupil, of 15 N. Richland Ave, was recovering in his home today from a bullet wound in the right leg. He told officers that a playmate fired a rifle bullet at an old automobile body near the intersection of the Belt and Pennsylvania Railroad tracks and it apparently ricocheted and struck him.

STATE PARK CAMP GUESTS ON INCREASE

A total of 22,090 persons have camped overnight in State parks this year, an increase of 9324 over last year, the State Conservation |

{ Department reported today.

FOREIGN EXCHANGE

SPEAKER

Charles W. Jones,

IS CHOSEN

William H.

Block co-store superintendent, is to | mistake.

address members of the Butler University Commerce Club on “What Do You Mean, Personnel?” at a meeting at 8 p. m. tomorrow. F.| Thomas McCreary. club president, | is to introduce Mr. Jones.

during high |

Hoosier Was Fi

rst U. S. War

Casualty 20 Years Ago Today

EVANSVILLE,

Nov. 3 (U, P,).—Marked by a simple, weather-worn

slab of cold stone, one of many sentinels for the dead in a local cemetery, is the grave of James Bethel Gresham, who 20 years ago today gasped

out his life in the Lorraine, the first

| War.

In France was erected a graceful | monument to his memory. A beau- | tiful memorial stands in Indianapolis. Evansville for years has talked about honoring its hero with a similar memorial, but never has taken action, Corp. Gresham died with two close companions, Pvts. Merle D. | Hay and Thomas Enright. On Nov. 3, 1917, the American soldiers were in high spirits. Two weeks before, they had entered the front-line trenches at Artois, in Lorraine, about 10 miles east of Loneville. The French enjoved this sector. It had been peaceful since the war began, and they found it a fine resting spot. Americans Start Action

But the high-spirited Americans changed that. Their 16th Infantry, a week after arrival, started slugging at the enemy and took their first prisoners. “This sector, she is spoiled!” the French complained. They were right. The Germans, also willing to accept it as a convenient resting spot for worn troops, retaliated with a raid. Corp. Gresham and his companions entered the front line as relief the night of Nov. 3. A German bombardment began. Under cover of shell fire, a German raid-

| ing party raced out of the trenches | and swarmed lines.

into the American

Corp. Gresham died because of a At his post as sentry at a dugout door, he failed to see the shadowy raiders coming across. Three men ran toward him. Official reports said that the | Americans, new to warfare, had in several instances mistaken their own men for Germans. Remembering

American soldier killed in the World G

this, and thinking the men his | comrades, Corp. Gresham called:

“Don't shoot. I'm an American.” Rifles Give Answer

The fire. But the raiders were repulsed, They learned that the new Amer=icans could fight. They treated them with respect thereafter. The bodies of Corp. Gresham and his comrades were buried in Lorraine. A monument was erected, with the inscription: “Here in Lorraine earth, rest the first three American soldiers who were Killed in view of the enemy on the 3d of November, 1917. Corp. James B. Gresham (from Evansville), Pvt, Thomas F. Enright (from Pittsburgh), Pvt. Merle D. Hay (from Glidden); all of F Company, 16th Infantry Regiment, First Division. “As worthy sons of their great and noble nation, they have fought for justice, liberty and civilization against the German imperialism, scourge of mankind. They died on the field of honor.” Soon after the war, Corp. Greshe« am’s body was brought to Evans ville and placed in a grave in Locust Hill. A memorial at Indianapolis was dedicated Armistice Day, 1932. It contains a crypt, but member of the family, the American Legion and Service Star Mothers declined to allow the body to be moved from its resting place here.

INDIANA LAW SCHOOL

(Of Indianapolis) Established 1894 DAY AND EVENING DIVISIONS Write or can aml 303-824 pH Life Bld R1. 2890 Complying with rules Rot the Supreme Court and the American Bar ssn.

reply was a volley of rifle

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