Indianapolis Times, Indianapolis, Marion County, 4 November 1937 — Page 20

PAGE 20

STOCKS ADVANCE FROM EARLY DROP

IN LIGHT VOLUME:

Some Issues

Losses and Show Gains

NEW YORK, Nov. 4 wv. | P.) .—Stocks met support today after early declines. Some issues erased losses and established net gains. Trading was dull.

Atchison railroad division,

performed best in the reaching 39 for a gain of a point. Smaller advances were scored by New York Central | and Southern Pacific. Utilities came back to around the | previous close. United States Steel | touched 547%, off 1%, and rallied to | 57%. Around noon it was at 563%, | up %. Chrysler came back more | than 2 points from its low of 68 and then eased from the top. Oil shares recovered nearly all losses ranging to more than 2 points. Westinghouse Electric rose 3% points from its low of 95's. Copper shares met support after Kennecott touched 31';, off 1%. Gold mining issues were Ain

WHEAT REGISTERS FRACTIONAL LOSSES:

Erase Porker Prices

, Weights

We aker as 'T op | " Remains at $10

Hog trading moved in an erratic trend today according to the Bureau | of Agricultural Economics: Weights | | between 160 and 300 pounds opened | 10 to 15 cents lower, but closed | with part of the decline regained. ! between 160 and 180

| pounds closed steady while weights

| $10.25. and yearlings cashed from $7 to $10.

| lights and pigs were steady to 15 |

cents lower. Packing sows dropped |

over 300 pounds were steady. Light |

fully 25 cents, bulking from $8 to |

$8.75, with top lightweights at $9. | Top was $10 on choice 160 to 180pound barrows and gilts, Quite a | number of these light butchers sold | at $9.85 early in the session. Although beef steer and yearling | supplies were too limited to make | comparisons there was a plainly weak undertone in the trade. The few available ruled steady with the week's earlier decline. A load of good 1000-pound steers cashed at | Medium trucked-in steers |

Heifers were steady with best car | lots selling for $8.50. Light receipts and improved | Gresed values held local vealer | prices fully steady to strong. Sood to choice offerings cashed at $11 to $11.50, mediums $9 to $10. Only a very few lambs reached

| $11 today in an unevenly steady to |

Golden Cereal Pri Prices Move!

In Erratic Lower Trend. |

CHICAGO, Nov. 4 (U. P..--Wheat prices were erratic today on | the Chicago Board of Trade. Prices broke more than a cent and then | rallied, but the upturn stopped be- | fore all losses were erased. At the end of the first hour wheat | was % to 3 cent lower, corn was | 1; to 4 to 3c cent lower. Wheat traders sold heavily in the early part of the session on of rain in Argentina and heavy Rus- | sian shipments, but a good rally in stocks turned attention to the buying side. There was a report that England is prepared to offer concessions to the U. S. in negotiating a commercial treaty to include arrangements to import huge quantities of American wheat for war purposes. Wheat receipts were 18 cars. Corn rallies have encountered | hedging pressure and the price remained below the previous close. A leading elevator again was in the market for December wheat and selling May futures. Receipts were 403 cars.

ARGENTINE GRAIN BUENOS AIRES, Nov. 4 (U. P.).. fut ures opened lower. Wheat 1.10"a, —3%e¢c: February, $1.0 Corn: ‘ember, 64l4c. —1ge; 64l4c, —'5c. Oats— To 30c, IY ember $1.35 —Yge:

%, —'s

~-Grain FRecemier, A Deemer —~13c. Flax February

WAGON WHEAT City grain elevators are paying for No red, 85c; other grades on their merits. a corn, new No. 2 yellow, 4lc, Oats, 1

LIVERPOOL WHEAT

Close 237% 183% 173%

Curb Stocks

Low $1.237% 1.181; 1.17%

High .. 81.25% $1. 1.19% 1 1.187% 1

1.19%

| 104- pound fed western lambs made

% cent lower, and oats were | oct.

news | Nov.

NEW YORK. Nov, 4 (U. P.). stocks opened irregular.

— Curh

Am Cyan “ine Ark Nat Gas A Cities Service Creole Pet

rele, ovinwisinnivuiyivy Bs

Lake Shore ‘Min Moivbdenum Pantepec Oil Technicolor Un Lt&P A

20 Inds, . 84, « $42 . 88.4 . 93. 00. 95.0 . 823 94.8 90.0 + 914 103. viuaie B30 . 89.3 (Copyright. 1937, Standard Statistics

NEW YORK, Nov, 4 opened lower,

20 Rails 1

20 Utils. 95.3 91.2 93. 105.7 102.3 106.0 93.: 1086.2 103.:

60 Bonds

BOND PRICE INDEXES

Yesterday Week ago ... Month age Year ago R% years age ... 1937 high ...

ki 84.6

100.5

100.2 93.3 83.1 83.0

(U. P.).—Bonds Net Open Change | ver 3032

4s '34

Allis Chal 4s ... Chi RI 4 . JLT ET 40s 39 .

99.3 | 90.6

| Cutter, common and medium. .

{

S18

89.9 |

82.3

Co.) |

| {

% | -— Yu

FOREIGN EXCHANGE

NEW YORK. Nov. 4 (U. P.).—Foreign Exchange opened higher, Cable Rates Net Change (pound) $4.97 9-16 -+.00 9-18 0-d. b. r). 4.96 13-16

1.00 3-16 [0338

England Eng. (60: Canada (dollar).. France (franc) .. Italy (lire) vo Belgium (belga) Germany (mark). Switzerl'd (franc) Holland (guilder). Spain (peseta)... Sweden (krona) . Norway (krone) .. Denmark (krone). Japan (yen)...

Bank of Manhattan Bankers Trust Bank of New York Trust ... Brooklyn Trust Central Hanover Chase ale Chemical 14% 501,

Son Sseqange 24

Em First National Guarantey ... Irving . Manufacturers National City . New York Trust . Public Peeve 3034 Title GUATANIEE .vv...vveeve.. 61 T%

215 40

| | | { i

| cashed from $10.25 to $10.75, mostly !

| $10.50 down, with medium descrip[tions $9 to $9.75 and common] throwouts from $7 to $8. Choice

$10.75, a load of 82-pound fed Texas | offerings taking $10.25. Slaughter | | ewes were unchanged at $2 to $3.50. |

HOGS Bulk

3 [email protected] 5@ 9.80 9.80

Receipts 4000 | 4000 1000

3500

Top $ 9.80 9.80 9.80

9.80 9.80 3 10.00

Ligh 10.00 Lin i 2 40- 160) ¢ Good a choice .$ 9.25@ 10.00 . 8.850 9.60

9.607 10.00 9.25 9.60 9 6062 10.00 9.30@ 9.70 9.60@ 9.85 | 9.55@ 9.7

9.40@ 9.20@ 9.5

8.75

28. 29.

1. 2.

Tu =3 < | B35& on P99 ©; — odvo

Fo0BD Bo WO I >333

LN (160-180) good ny choice.

Med (180-200) Good. nd “choice... Medium

(200-220) Good and choice. (220-250) Good and choice. Hepr weishts (250-290) Good and choire.. 1290- 350) Good and choice.. Packing Sows— (275-300) Good (350) Good {435-3501 Good 275-550) un Slagahter

pig (100-140) Good en choice.. 8.45@ f Mediu 8.

CATTLE —Receipts, 700—

9399393939933

(550-900)

—

(900-1100)

(1100-1300)

| a += AG CATH ~ID Bb NDB PPOD DMI ID TRIS OOS SNM D ITY Fh pt ph pk a pd pt gguu333uansg SSSSuSSSHUNSS

(1300-1500) Good

(550-750)

(750-800) Good hd "chaice. .

ommon, medium .

Common, mediu Low cutter oy mM utier . .

Good (beef)

Vealers —Receipts, 500— Good and choice

Medium “ee Cull and medium

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

Feeder and Stocker Cattle Steers (500-800) good and choice nmon. medium. (800-1050) Good and choice. . Common, medium. Heifers —

| Burlington

{ Callahan Zine .

| Cannon Mills ..

| Cons Cigar | Cons

| Cons

| Cont | Cont

| Du Pont

East R Mill....

Erie | Bureka Vac

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

SHEEP AND LAMBS —Receipts, 2500— Lambs— ' Choice Good Medium

10.25% 11.00 9.75@ 10.25 |

8.25 |

3.00@ 3.50 2.00@ 3.00

TM .) .—Hogs—Receipts, 16,000, including ison directs. Market generally 10 cents lower than Wednesday. to $9.70: bulk 190-230 lbs., $9.45@ 9.65; 15 2180 Ibs., [email protected]; 240-300 lbs.. | Pare @% 60; most good packing sows, $8.25 a Cattle—Receipts, 5500; calves, 1000. Very | little done: Killing quality here medium: | shortfeds., predominating: demand narrow; | bulls, 10 to 15 cents higher at $7 down; vealers strong at $11 down. Fed steers, 317; prime kinds not being shown; bulk, $14 ,down to $9. Sheep — Receipts, 10,000, directs, Opening slow: lambs and fat sheep strong to 25 cents higher: odd lots strictly choice native lambs. $10.75; few others, $10.50: ewes, [email protected]; feeding lambs sold late Wednesday. 66 to 70 lbs. at [email protected]. LAFAYETTE, Nov. 4 (U. P.)— ket. 10 cents lower. $9.55@ 9.75; 225-235 Ibs. $9. 1bs., $9.50%@9.60: 130- 150 1bs.. 130 1bs., [email protected]. Rough Calves, $10.50 Lambs, $1 FT. WAYNE, Nov. Market 10 cents lower; 180-200 lbs., $9.55: 200-225 lbs., $9.45: 225250 lbs. $9.35; 250-275 Ibs. $9.25; 275-300 lbs., $9.15; 300-350 lbs., $9.05; 150-160 lbs. $9.30; 140-150 lbs.. $9.15: 130-140 1bs., 39; 120-130 1bs., $8.85; 100-120 Ibs., $8.65. Roughs, $8; $6.75; calves, $11.50; lambs, $9.75.

U. S. STATEMENT

190-175) “Good and choice. . Com mmon. medium.

CHICAGO, No

mars

s, $850 dow n.

(U. P.).—Hogs— 160-180 1bs., $9.65;

stags,

® | ernment

1855 Gold Res 244

WASHINGTCN, Nov. 4 (U. P.).—Govexpenses and receipts for the | current fiscal year through Nov. 2, com- | pared with a year ago: This Yea Last Yea . $2,639,020, 286. 24 $2,390,698, 810. 68 2, 013.243 249, 087 RH 1,434.256,440.22

Expenses { Receipts

Ty “Bal . 2,666, Hy 338. 13 Work. Bal. 865,016,555.31 Pub. Debt 37,009,938,127.89 33. 822, ‘342 1197. 85 12,803, Soo 014.10 11,053.725.194.59 it 961 187.20 os: 054, o3)- 67 Purch. al Pur Inactive Gold * Es. 077.35 " 273. 126, $3605

INDIANAPOLIS CLEA CLEARING HOUSE Clearings 2,741,000 Debits .928.000

Customs

STOCKS

COMMODITIES

ACCOUNTS CARRIED ON CONSERVATIVE MARGIN BASIS

® W. L. LYONS & CO.

ESTABLISHED 1878 MEMBER OF NEW YORK STOCK EXCHANGE

40 N. PENNSYLVANIA ST.

LI 6563

| |

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press

— High Low Last 1

Prev Close | | Adams Exp ... 10 - 1 Air-Way El ... Ja Alaska Jun » 11% . Steel 184 f 8 Va Chem 155 Be 5¢ ha Mills 14! Stores 1015 Stores pf 59 Chink ; Leath n Unk Note. Br Shoe Can Cnt Com Enc & PF Hide Loco

— »

Irie:

& F Alc I'l Pr &

FETE:

| |

TIAN NACIRE

aT WL FAIA OE BED

essptti

Loco pt AM & Fay AM & Met Am Pr & Lt... Am Rad & SS Am Roll Mill Am Smelt . 3 Am Stl Pdies 5 Am T&T “» Am Toh HB 3 Am Tob Am Type fr ie Am Water W .. Am Woolen pf. Anaconda 2 Anac W&Cable Andes Cop Armour Til = Armstrong CK.. Atchison + 39 Atl C Line .... Atl Refining ... Atlas Corp .... Aviation Corp..

| Bald Loco ct wi Balt & Ohio Balt & O pf.... Barber Co Barnsdall Beld Hem

| Bendix Avn ....

Beth Steel | Boeing Air | Borden Borg Warner Bower R B .. Bdgept Prass .. 1 Briggs Mfg .... Bkiyn-M T .... Mudd Mfg Budd Wheel Bulova W

M Bush Term . Butler Bros Butte Cop

Calumet & H Canada Dry Can Pacific ... 8'% 3314 Capit Adm A .. 7 Carriers & Gen 4 Case, J I . 96 Cent Foundry 3% Cent Viol Sug . 6% Ches & Ohio . Ta Ch M StP & P. 1% {Ch & Nw Ry .. ChiRI & P § pf Chrysler City Stores Colgate P P £9] & Aik Colum Gas Col Carbon Com Credit Com Inv Tr “e Com Solvents Commonw & So 17a Commonw&S pr Inve

hs voine (V2 Edison . 23% Edison pf 97 Film pf 4 pRundries 41

| Cong-Nairn

Cons Aircraft ..

{ Cons

| Cons | Cons Con Textile oe Container Cont Bak ! Cont Cont Cont $ uavinn BE 4 ( 12 -_ 2 Cont 8 Crane Co xsis ys Crane Co cv Crown Rad Crucible St. .... Cub-Am Sug “ie Cudahy ‘ui Curtiss-Pub Curtiss-Wr

Deere & Co ... 2a

LS 4 “8 14

Mines... ) Strs +... 57 Douglas Air.... 323% Du Pont o» +119 Du Pont ..134 110%

11874 134 110%%

614 . 203%

5 227% 111g 38 24% 27 19

Va | Gair | Gair | Gen 8 8 8 — | Gen 12!

8 | Gen

| Gen | Gen | Gen

| Goebel Brew ...

| Grey Round Cp | Greyhnd 52 | Guant Sug

i. ‘h-Walk | Hayes Exiy

| Holland | Homes take

| Houston

| Ind | Inspiration

| Int Hvd El A..

'& | t 1% | Ints

| xMartin

DOW-JONES STOCK AVERAGES |

30 INDUSTRIALS

| Yesterday | Week ago

Month ago . Year ago High, 1937, High, 1936,

194.40; low, 125. 154.90; low, 143. 20 RAILROADS Yesterday Week ago Month ago Year ago High, 1937, High, 1936,

61. 16; 59.89: 20 UTILITIES

low,

Yesterday

| Week ago | Month ago | Year ago

1937, 1936,

High, High,

37.54; 36.08;

. . | Yesterday

Week ago Month ago Year ago High, 1937, High, 19386,

7: low, 41.5 66.38; low, 31.1

3. 11.

low, 40.66,

21.48 =n.1n 23.0%

. 35.04

5.80 |

4 2.96 {

—0.59 | +1.59 |

—1.51 |

40.81 | » —0.32 N

+ 0.47

—0.88 |

-—1.94 | +110

-—().20 { +0.76 |

Hieh Low

Robt Robt pf .. Am Inv ... Baking Cable eh Electric ... Foods e's C&E A ... Motors .... Qut A “ Rty & U . Refract Thire Eq Time Ins . Gillette S R ... Gimbel Bros ... Glidden Gobel,

Gen Gen Gen

o BO BD

5 £3 00 UO 1 m] r= pt U1 ’

C3 AD J rt rt 1 C0 =F

Adolf

wo EE

rich

ILI BD ee w 0 - a = »

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“IT adr pO TN

ond GF oe

Prod ‘ew Furn.. & Son . Sug

® ww

Hecker

Holland

Holly

NW Asp adaea

Househld F A. Gil Howe Sound

| Hudson Motor.. Hupp

Motor ..

Ill Central

Rayon

Insshs cts N Inter RT ... Interchem Inter Rub Inter Iron Int Agric Int Harvester

- 8 TBD OUD de ID Tyr rs re

M Marine . T&T For Nickel P&P

| Int | Int | Int

— T3 DN w pe

DS.

Johns-Man |

4 | 12 | Kan €C Sou pf

| Kelsey-Hayes A | Kelsey-Hayes B Kennecot

1 | Kroger G & B..

Lambert . Leh V Coal pf..

| Lehman new

Lerner Strs ... L-O-F Glass Life Savers 26 Ligge & My B

YZ | Lima

“8 | Lou & Nash

Long Bell

Mag 2 8 Mon "R mod gtd

| Marine Mid .. Marshall Fld Parry Masonite Corn {May D 8S McGraw H .- od McIntyre Porc 3 McKesson&Robh

| McLellan St

Fed Screw Firestone T.

ancisco Su ww Fx : 22%

Freept-Sulphur.

Wisconsin Has Many

227s

| Mead Corp .... Mengel e Mesta Mach ...

Minn-Moli

ne ... Mo-K Tex ..

By JOHN T. FLYNN Times Special Writer NEW YORK, Nov. 4—When the Social Security Act was adopted there was a lot of argument about what system should be used. many persons favored what is known as the Wisconsin plan. The Wisconsin plan is that one which was already in force in Wis-

was<®

consin and the Federal law state |

finally framed to permit any wishing that system to adopt it. Under the Wisconsin plan basic feature is that the benefit funds for unemployment are to be | accumulated by individual employ- | ers, the funds being deposited with

| the states, but each individual em- |

8.25m 9. s | 0

including 500 | few early sales fat |

| ployer’s fund to be kept separate. | In the plan in force in other states there is a common fund. This plan was severely condemned by most experts on social security, and fortunately only a single state copied the Wisconsin lan. ) The Wisconsin law has now been | in force long enough .to make some | judgment of its merits. It was adopted in 1932, but dia not go into effect until 1934. The first benefit payments were made in August, 1936, and a good deal of publicity was given to the event. Benefit payments have now been made for over a year. In that year 52,667 employees received benefit payments. They got an aggregate of 180,000 weekly checks. This means that the average unemployed employee got. an average of three weekly benefit payments. The amount paid to them was $1,080,000, and the important point is that they received an average weekly benefit during unemployment | of $6. This is in truth a very mea-

of unemployment. is not a dole, but a benefit which is | paid for, There are 4600 employers’ counts and only one-half of them were drawn on for benefits. But in the 12 months, while only |

| latter

in to the fund.

PI00V «ID «dr p23 DO «ID bn

OF BD ee 0

dd ASW WS NP arn sdea

bt BD pt iy @ sn

| Qtis

| Mo~K Tex pf .. Mo Pacific . Mo Pac pf Mont Ward ™ . | | Mother ILode Motor Prod Murray &

Myers Br...

Nash-Kely

Nat Distillers Nat Gypsum .. Nat Lead “e Na Pr & Lt... | Nat Steel ' Nat Sup Penn.. Nat T

ND NN Oaston, EXEFE

22%, . 4% . 159 8

103 1 181%

. 1354

Nor & West.. No Amer No Am Avn ! No Pacific .

Ohio Oil Oli Pm Eq Omnibus Steel

s Stl

of | Su n 1 Ghass

| Pac We Packard

Pacific Mills t Off ..

Paramt Pict Para Pic 2 pf.. Park Utah ....

2 | parke Davis ... 8

Parmelee Peerless . Pen & Ford Penney .e Penn D Cem ...

| Penn RR

Peoples Gas Pet Corp Am Phelps Dodge Phila Co 6 pf Phil Morris Pitts Sc&B Pitts Stl ited

Pullman

Pure Oil

| Radio

| Silver

| Simms | Skelly

| Socony 21 So Am | So Por | South {| South Rv | South

| Sauare-D-B | Std

Radio pf Radio K-Or Ravbhestos Reading Reis Robt Reo Mot Republic Republic

St] . Stl

| Reyn Spring

Revn Tob B

| Rutland pf Richfield Oil

Jos Lead St L-S Fran Schenley Dist Schulte R Seabd Air L Sears Roebuck Servel Inc Sharon S H pf Sharn & D .. Shattuck ave King Simmons Pet Oil kX Smith Cor T cts Vacuum Gold . i R Sug... 3 Pac ...

Sperrv-Corp “en Spiegel Inc.....

Brands B ands pf G&E

G&E

Std Std Std Std Std

| Std

Sterl Prod

4 | Stew-War

FLEET +4

Social Security Plan Faults, Flynn Asserts

And

little over one million dollars the | was paid out, $25,000,000 was paid |

| West Union

| Sunshine

| Thompson

{| Trans& West

| U

On the face cf these figures, some |

| unemployment.

nothing to do with the law.

| might argue that the data reveals

|a most encouraging condition of | This, however,

has If un-

| Willys Overland | Wilson &

| make it so. What the figures reveal |

merous under a better law.

are various features of

benefit For under this law, an employer, to pay

payments.

benefits

is a reasonable provision,

| is that the payments were pitifully | small—not so much as is paid out {in the relief payments of the poorest type. | W But the benefit payments might | well have been larger and more nu-

There e

of the | the |

but

law | which enable the fund to escape instance, when a man leaves the liability under state law terminates 26 weeks after the employee leaves his service. This it constitutes a grave weakness in the

law inherent in the separate fund |

theory.

and six months for anot

her.

Suppose a man works a| | year, six months for one employer Then

he loses his job. His benefit pay- |

ments can be based only on the last |

| months of work, hence his benefits |

ger sum to tide a man over a period | This, remember, |

ac- |

| give out quickly.

BIG SALE

NOW—AT THE

137 E. Wash.

of Fountain Pens PEN HOSPITAL

RI-1888

| | ! | | | |

employment is low, the law did not | Wrigley

Stone & Web... Studebaker Min.. Superior Oil ... Swift & Co Svm-Gould

Sym-Gould XW.

Tenn Corp .. Texas Corn

Tex Pac L T.. Pr.. 15 Thomn Star . Tide W A Oil..

| Timk-D Ax

441, 11% 75% Ts 22% 5a

Timken R B ... Transamerica Air

Truax Tra . 20th Cent Fox ' Twin CY RT

| Und Ell Fish ..

Union Carb

| Un Oil Cal ... | Un Pacific

Un Aircraft Cp. Un Carbon Un Carr Fast .. United Corp Un Eng & Edy Un Gas Imn Un Paperbd U 8 Gypsum U S Leath ‘us 8 Pipe & P.. 8S Realty S Rubber S Smelt S Steel pf Stores A Leaf T.. & LA...

U U U U Un Univ Ut P

Vanadium ...

Wabash .. . Waldorf Sys. . Walker (H) . Walworth “we Ward Bak B ... Warner Bros «8 West Auto Sup: West Md . 47% West Pac pt vee

West Air Bke .. : Westing El ..... 97 White Mot White Sew M pf 16 3% Thy fly 40 19'% 63

Willys Ovrl'd pf Co... Woolworth . Worthington

Yale & T...... Yellow Tr .... Young Sheet

Zenith Rad

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VHF}

FEVRRRBRIEROEIE:

FREELIIFRIIIL

FELLER REEL:

reine:

—

EBB aw 3

2.'| until yesterday when one | teachers intercepted a note he was |

na RNa

THURSDAY, NOV. 4, 1937

Strikers Concoct a Tomato Sui P1 ise

EN EE EEE ES

Rotten eggs and overripe tomatoes are the ammunition used by striking dairy farmers of New York State in their war to Tore Pecogmivion ‘of the Dairy

Farmers’ Union

dealers supplying New York City. above lay down a barrage of produce to halt a milk truck at Potsdam, N. Y.

and higher prices for milk from

A group of strikers

— ——————————

1-B0Y UPRISIN

AT ACTON ENDS

f # Lad Back in Medicine-Show Home, but Won’t Say Where He Was.

A one-bov Indian uprising was put down today in Acton when Jack | Derrfott, 12, returned to the medi- | cine-show home of his parents after | being absent all night. Acton school officials said they did | not know where the boy had been all night. There were no explana- | tions forthcoming from boy or parents, they said. The last they saw of Jack ves- | terday, was when he was going | over a hill toward a woods near the school, with the avowed intention of

"| spending the night there.

School officials said that Jack is | the son of Chief Derrfott and Mrs. Derrfott, who run a medicine show and who came to Acton a few days ago, intending to stay about two | weeks. | They sent Jack to school, officials | said, and everything went all right

of the

2 | sending to another pupil.

. | School , | Derrfott

BAAD APDON

Used Indian Signs

The note didn't make sense right | away to the teacher because it was | written in the Indian sign language, | but she suspected the worst and took it to the principal. The principal went to the Derrfott medicine show | truck and asked Jack's 25-year-old brother to translate it, but he looked at it and blushed and said that | Jack shouldn't have written such a | thing. said that the family then asked the | principal to punish Jack; that he never had gotten along very well in | school and that they had not, until then, known why.

Jack Takes Leave

| | So, Jack was reprimanded (in | English) for his note and then it i was recess time and they all went {out to play. It was during the re- | cess that Jack is reported to have | told the boys he was going away | without leave and it was as recess

officials

| closed that the teachers saw him |

going over the hill. They immediately summoned his | older brother, who set out on the | trail 15 minutes late, but was unable

*|to find the truant. Deputy Sheriffs

also were summoned and searched the woods, but could not find him. Last night at 7 o'clock the boy had not returned to the medicine

“| show truck and when teachers

8 | | | |

called the Derrfoot family, they | said, had changed their mind about

| the boy and criticized the teachers |

| for reprimanding him.

* UNIVERSITY HEIGHTS

See Final Edition of the Times

for

Closing Stock Quotations and Other Late News

The University Heights Parent-

carnival and boby night in the school gymnasium. The fair is to consist of exhibits prepared by patrons. Decorated booths have been constructed for the event.

Colonial

Savings and Loan Association 28 South Tlinois St.

’ ad

MERE CL

Get more than money when you Your case

obtain a mortgage loan. is different from any other.

Get the counsel of men who have had years of home financing experi= men who are trained to ‘your side of and to offer you their many problems confronting you when you build or

noe place themselves the table” suggestions on the

buy a home.

Let our experienced staff help are range a financing plan that fits your particular needs —one that will get you out of debt in the shortest pos is no charge for Stop in this week.

sible time, There

conesiitations,

Limited to Marion County

ne HA

ALIGN,

INSURED up to $5,000

INSURED SAFETY—GOOD RETU RN

Accounts of $1.00 to $5,000.00 Accepted

Certificates earning same dividends are issued in units from $100 to $5,000 to those desiring to invest surplus funds.

Funds Invested by 10th of Any Month Earn Dividends From 1st of That Month

Write for folder explaining INSURED Accounts

“TOMORROW?” Does Come

«+.and IT Comes TOO SOON!

3% DIVIDEND 51,000 IN

Gs OF $153

SAVINGS & LOAN ASSOCIATION

OF INDIANAPOLIS

ed You Can Save

ARS

ALL ACCOUNTS fs

23 W. OHIO ST.

| |

teachers and school |

| | |

P.-T. A. FETE FRIDAY

Teacher Association is to conduct a | fair tomorrow |

Fon 7 FOR GAMING IN DOWNTOWN RAID

Seven men were arrested on gam|ing charges in a police raid in the 100 block, S. Illinois St. Ray Cooley, 35, of 1908 English | Ave, was charged with keeping a gaming house and gaming. The others, charged with visiting a gaming house and gaming were: Lawrence Shriner, 41, Spink Hotel; Wilson Gray, 30, Palance Hotel; Lester Goldman, 35, of 1435 E. 12th St.; Art Weber, 34, of 1262 W. 33d t.; Othel L. Green, 37, Ft. Wayne, and James Osborn, 35, of 1314 Shelby St.

'WOODMEN CIRCLE GROUP TO CONVENE

‘Two Local Leaders to Be Honored at Logansport.

Indianapolis Woodmen Circle members will attend a district convention at Logansport Sunday. Honor guests will include Mrs. May Beaver, national page and state managers; Mrs, Addie Braly, state vice president and district manager, both of Indianapolis, and delegates from other Indiana communities. Formal opening exercises at 1 p. m., will be followed by presentation of the flag, a welcome address and response, and exemplification of the ritualistic work. A number of juniors will be graduated into the adult groups. Following the banquet at 6:30 | p. m, an open meeting will be held. Among those planning to attend | from Indianapolis are Mesdames |

Gussie Johnson, Helen Wills, Jose- |

phine Saylor, Gladys Mills, Rose Green, Hazel Woods, Fern Wright, Mary Miller, Myrtle Umbenhour, Ann Armstrong and Mrs. Alma

MILL WORKERS ON STRIKE HERE

Contract Negotiations Open Friday, Union Leader Says.

Some union employees of the Evans Milling Ca, 1730 W. Miche igan St., were on strike today. Samuel Cox, United Grain Work ers, Local 88, president, said about 85 men were striking for a wage, hour, working condition and union recognition contract. A company official said “15 or 16" men had walked out when the plant closed during a seasonal business decline. He said the company at- | tempted to “make work” for its em=- | Ployees during the shutdown by |offering them odd jobs at lower pay than they were accustomed to re- | ceiving. One of these jobs wai wine dow washing, he said. When. offered that, the men struck, the official said. He declared no demands had been presented and he knew nothing about any union desire for a wage-and-hour contract. Mr. Cox said negotiations over the contract would begin Friday “through the National Labor Rela~ tions Board.” He said peaceful picketing was being conducted. The union is a C. I. O. affiliate.

U.S. AUTO SHOW HAS 270,000 ATTENDANCE

NEW YORK, Nov. 4 (U, PP). — Officials of the Automotive Mani= | facturers Association predicted “an= other good year” for th eindustry {today on the basis of sales and at= | tendance at the 38th annual Nae [tional Automobile Show which {closed last night after a run of eight days. | More than 270,000 persons attencl |ed the various sessions, described by |officials as a “gratifying figure.” |Last year's total of 300,000 estab- | lished a record.

PACKING FOOD

FOR A

One of Indiana's

NATION

Leading Industries

The progress of the canning industry has probably been the most influential factor in enriching the American diet during the last generation. Among the leaders in this industry are Indiana concerns which not

only pack foods, but also’ manufacture special machinery necessary to transfer delicacies from the field to the table with their flavor and nourishment intact.

Food must be put into cans just when crops ripen, so that at harvest time the canner and the maker of canning machin-

ery experience their peak need for cash. The lending resources of the American National Bank are frequently employed by the Indiana cannjng industry to meet these seasonal requirements.

AMERICAN NATIONAL BANK

at Indianapolis

Pennsylvania and Market Streets

Branch: College Avenue ai Forty Second Street