Indianapolis Times, Indianapolis, Marion County, 10 November 1937 — Page 16

WEDNESDAY, NOV. 10, 1937

STOCK LI

ST GAINS

UNDER LEADERSHIP OF UTILITY SHARES

Roosevelt's Building Offer Stimulates Buying.

NEW YORK, Nov. 10 (TU. P.).—Utilities led the stock market higher today and prices held well despite a sharp drop in shipments of finished steel by the U. S. Steel Corp.

Early buying of utilities was based on an offer by President Rooscvelt that the Administration would co-operate with them to stimulate 2 building program on condition they revise methods of determining valuation for rate purposes. Utilities gained 1 to 3 points. Initial blocks ranged to 7000 shares in Columbia Gas, which opened at C7, up 7%, and later rose to 10%. Consolidated Edison reached 27%, up 17; North American 23%, up and Public Service 38, up 2. support, up 3%.

Steels and motors met U. S. Steel reached 58'z, Bethlehem 507, up 27%; Chrysler 70%, up 37s, and General Motors 4012, ex-dividend, up 2. Allied Chemical gained 6 and du Pont nearly 6. Rails were up fractions to 2 points. Electrical equipments and occppers gained on the utility news. = = n

Porkers Dip to Lowest Level In 2 1-2 Years

Heavy receipts in the local market today caused hog prices to break to the lowest levels in two and a half years, according to the Bureau of Agricultural Economics. Weights above 160 pounds were 25 cents lower. Lighter weights were still in demand by shippers and and between 140 and 160 pounds were off 10 to 20 cents. Light lights and pigs eased 5 to 10 cents. The practical top was $9 for 160 to *170pound weights, although many sales of choice lots drew $9.10. Sows followed the decline in butchers and dropped 25 cents to bulk $7.50 to $8.25. The fat cattle trade was in the hands of buyers. The steer supply, although not excessive, moved slowly at a weak to 25-cent lower rate. Very few weighty steers appeared. Vealers were again popular at steady levels despite substantial downturns in Eastern dressed values. Good to choice offerings bulked at $11 to $11.50, with common to medium sorts from $7 to $10. Improved quality -considered, na-

THE INDIANAPOLIS TIMES

PAGE 15

NEW YORK STOCKS

By United Press

Prev. Last Change Air Reduc + 1 Alaska Jun .... Alleg Steel .... 1 Allied Chem Allied Mills .... 1 Allied Stores 10; Allied Stores pf Allis-Chal

14+:

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Am Zinc Anaconda Armour Ill ... Armour Ill pr pt Ts tk Ck 403 a

HH HH HE EE

Auburn Auto. . Aviation Corp... .

Ba Lo ct wi... Balt & Ohio...

ChE

Seth Steel Beth Steel 7 ‘pt Blaw-Knox .... Boeing Air .... Bohn Al Br. Borden _.. os Bdgept Brass ‘e Briggs NE

3utler Bros ... 3utte Cop ...

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS +2.18 —5.80 —0.59

Yesterday Week ago Month ago Year ago—Holiday. High, 193%, 194.40; low, 123.98, High, 1936, 184.90: low, 143.11. 20 RAILROADS Yesterday Week ago Month ago Year ago—Holiday. High, 193%, 64.46; low, 30.09. High, 1936, 59.89; low, 40.66. 20 UTILITIES _ Yesterday Week ago ....

Year ago—Holiday. High, 193%, 37.54; low, 19.65. High, 1936, 36.08; low, 28.63, 70 STOCKS Yesterday ' Week 320 ...vv..Month ago Year ago—Holiday. High, 1937, 69.6%; low, 41.52. High, 1936, 66.38; low, 51.20,

— High Low 33% 33 1 «1M 17% wl 16

Kennecott Kresge SS Kroger G&B

Lone Li on. Lou

RH 32% Man El gu xn Va Martin Gl Mathieson RYIAR wu... McK & Robb... McLellan St... Miami Cop ... Mident Pet .... Minn-Moline .. ¢ P .

Nat Acme .... 14 Nat Biscuit.

Net Last Change + Wu

High Low

Purity Bak 9% 8

Radio + Reliable-Stores. «ova Rem-Rand . y ote Republic Stl i Reyn Tob B

St Jos Lead ... 3 Sears Roebuck . Servel Inc ....

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Texas Corp

20th Cont Fox..

Und Ell Fish .. Union B&P .. Union Carb ... Un Aircraft Cp. Un Carbon .... United Corp United Cp pf Un Coal. Un Gas Imp..

Vanadium Vick Chem ...

Walworth .... Warner Bros ... Waukesha Mot . West Union .. West Air_Bke..

<|M. E. Church pastor. <I D. Ridge,

CORNERSTONE OF HOWE HIGH SCHOOL IS LAID

Ceremonies Are Scheduled Tomorrow at Annex To Washington.

The cornerstone of Thomas Carr Howe High School in Irvington was laid today in ceremonies conducted by citizens and school officials. It was the feature of today's National Education Week program. Speakers were Alan W. Boyd, School Board president, and Hilton U. Brown, Irvington resident. School Superintendent DeWitt S. Morgan presided. Invocation was delivered by the Rev. Abram S. Woodard, Irvington Mrs. Mary School Board member, imtroduced Mr. Brown. A. B. Goode, school business manager, was in

:|charge of contents of the corner-

stone box. The Arsenal Technical High School Band played. Important to City

Mr. Boyd said building of the 2450,000 school was significant, not only to Irvington, but to the City of Indianapolis as well, since it represented another step in the School City's program of providing modern educational facilities. He pointed

» |out that when completed, the Howe

school also will have been paid for. The school is being erected without

* 'bond issue.

Topping tomorrow's Education Week program is to be the corner-

Prince Paul, heir apparent to

Jan. 9 to Princess Frederike of Hanover,

Times-Acme Photos. the Greek throne, will be married it was announced today.

Prinze Paul, with his fiancee, is pictured with Duke Ernest August of

Brunswick-Lunebourg (right), the Princess’ parents, recently.

and Princess Victoria Louise of Prussia, following announcement of their engagement

Inquest Scheduled in Bridge Crash Killing One, Injuring 135

Nat Gash Reg. . Nat Dairy .... Nat Gypsum... 6% NM& Stl C... 2 Na Ry = a Nat Ste 2 Nat a Senn Newport Ind 16

MILLTOWN, Ind. Nov, 10 (U, P.).—An inquest was scheduled today into the collapse of a new $100,000 bridge near Milltown which brought death to one man and injuries to 15 others. Charles Minton, 35, Georgetown, foreman of carpenters, was killed when the center span of the bridge, still under construction, crumbled

stone laying for the $335,000 Washington High School addition at 3:30 p. m, Principal speakers are to be Earl Buchanan, School Commissioner,

Wheel Steel ... Wilson & Co .. Woolworth .... Worthington .. Worthing pr pt

tive lambs sold steady to strong under light receipts. Good to choice lambs bulked at $9.75 to $10.25, with common to medium sorts from $6.50 to $9. Slaughter ewes were un-

Calumet & H... Canada Dry ... San Pacific ...

Today's Business At a Glance

Case, J 1 Caterpillar T we 372

Celanese

CORPORATION NEWS

Baldwin Rubber Co. September quarter net profit $66,162 equal to 21 cents a share vs. $159,616 or 57 cents previous quarter and $56,543 or 20 cents year; nine months $401,828 or $1.26 vs. $301,706 or $1.08 | year ago. Central Ohio Steel Products Co., first nine months net profit $183,470 equal to $1.44 a share vs. $209,694 or $1.59 yea: ago. Fairchild Aviation Corp. and subsidiaries, first nine months net profit $124,827 equal to 37 cents a | share vs. $25.116 or 7 cents year ago. | Great Northern Railway Co., week ended November 6 carloadings 14,239 vs. 16,517 previous week and 522 year ago. Louisiana Land & Exploration Co., September quarter net profit $518,600 equal to 17 cents a share vs. $486,000 or 16 cents previous quarter and $553,427 or 18 cents year ago; nine months $1,527,200 or 51 cents a share $1,464,127 or 49 cents year ago. McKesson & Robbins and subsi- | diaries, first nine months net profit | $2,485,255 equal to 99 cents a common share vs. $2,083,205 or 69 cents year ago, September quarter $734,983 or 25 cents vs. $770,581 or 29 cents previous quarter and $832,502 or 34 cents year ago. New York Telephone Co., September net operating income $2,657,786 | vs. $3,123,579 year ago; nine months $27,085,090 vs. $27,548,170 year ago. Postal Telegraph Cable Co., land lines September net loss $291,699 vs. $112,380 year ago; nine months $2,424,959 vs. $1,168,262 year ago. R. C. A. Communications September net income $86,899 vs. $39,207 year ago: nine months $808,927 vs. $215,044 year ago. Radio Marine Corp of America, September net income $44,230 vs. $16,866 year ago; nine months $261,654 vs. $133,709 year ago.

DIVIDENDS

American Investment Co. (Illinois) extra 40 cents and regular quarterly 40 cents on common payable Dec. 1 record Nov. 22, Boston Woven Hose & Rubber Co., regular semi-annual $3 on preferred payable Dec. 15 record Dec. 1. Columbian Carbon Co., special 75 cents and regular quarterly $1 payable Dec. 10 record Nov. 19 vs. like special on Sept. 10. Electric Boat Co., 60 cents payable Dec. 8 record Nov. 3. Initial of like amount was made year ago. International Railways of Central America, $5 on 5 per cent cumulative preferred payable Doc. 10 record Dec. 1, first since $1.25 on Aug. 15, 1931. Jewel Tea Inc., regular quarterly $1 on common payable Dec. 20 record Dec. 9. J. J. Newberry Co., regular quarterly 60 cents on common payable Dec. 22 record Dec. 10. Patterson-Sargent Co. regular quarterly 25 cents on common payable Dec. 1 record Nov. 16. Virginian Railway Co., $2 on common payable Dec. 23 record Dec. 13 vs. like payments in previous quarters.

“ 490

VS.

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings but mereiy indicate the approximate market level based on buying and selling inquiries er recent transactions. BONDS Bid Asked Citz Ind Tel (TH) 412s 6 100'z 100 H Tel & Tel Ft W 512s 55 .... H Tel & Tel Ft W 6s 43 Ind Asso Tel 512s 65 Indiana Tel Co 5s 60 Ind Railway Inc 5s 67 52 Interstate Tel & Tel 5%s 54 .. Indpls Water Co 32s 66 .....1 Kokomo Water Works 5s 58 ... Morris 5&10 Stores 5s 50 .....1 Muncie Water Works 5s 65 ... Noblesville H D & P 62s 47 .. Ohio Tel Serv 6s 47 .. Pub Tel 5s 55 . .e Richmond W W 55 57 .. Seymour Water Co 55 49 . T H Trac & L 5s 44 . eran T H Water Works 5s 56 “esas T H Water Works 6s 49 ...... T H Water Works 6s 49 Trac Term Co 5s 57 STOCKS

Belt RR St Yds com ......... Plt RR St Yds pfd Cent Ind Pwr 7% bfd Home T&T Ft W 79 pfd Hook Drug fhe, com . Ind & Mich % +. .vvs Ind Gen ka Co . Ind Hydro Elec 7% pfd Indpls Gas Co com Indpls Pwr & Lt pid’ 67% Indpls Pwr & Lt pfd ort % Indpls Water Co pfd 5 102 Lincoln Natl Life Ins Co’ com 21 P R Mallory com . 11 N Ind Pub Serv Co pid "51% . 67% N Ind Pub Serv cee (89Y2 N Ind Pub Serv . jo%

105 106%

d 30 Progress Laundry Co’ com "6%. 14% Smith Alsop P&V pfd 48 Smith Alsop P&V com Terre Haute Elec Co 6% Union Title Co com . Van Camp Milk Co pid Van Camp Milk Co com

(By M, P. Crist & Co.) Market St. Investing Corp .. 23.55 25.05 |}

Slaught er Pi

| C | (1100-1300)

od Common, medium Low cutter and cutter

Good

| Cows—

changed at $2 to $3.50.

HOGS

Receipts slo 4500 9:00 3. 0

£0 9.25 9.00

choice. .$ 8.5

Bulk $9.70@ 10.00 9. 9.85

9.10

e Lightweights— (160-180) Good ny

Mediu (180-200) Good ‘ana Mediu

(200-220) Goa 1220-250) Good

5@ 9.10 8.85 9.00 ) 8.55 ’ 8.90 8.85

d choice. choice.

Heavyweights—

(250-290) Good 1290-350) Good Sows—

dholte. .

(275-550) Medium

185— 100-140) Good ing choice. . dium

(550-300)

Ph pt

Cc (900-1100)

SPaSE na0bmans DOUBIN DBIBID ND =1 6 333533 RR32353 A399 39

Bhd pk

M (1300-1500) G

(550-750) G

C . . Good and choice . . Common, medium.

(750-800)

Q-Iwn Sno

Bills (beef) .. Cutter, common and medium. Vealers —Receipts, 600— Good and choice

Medium .. Cull and medium

93 039

aa 1-3 won

7.25@ 10.75

(250-500) God and choice... Cc 5.00@ 7.25

- ommon, medium Feeder and Stocker Cat Steers (500-800) Good and choice. . Common, medium. (800-1050) Good and choice . Common, medium.

conn

Heifers— Good and choice . Common and medium ......

Good Common and medium SHEEP AND LAMBS —Receipts, 1500—

GR, 2a], 130-30 Sun ow Ne

no Own

Lambs—

mm Shorn Bocs.. (80-175) Good and choice. . Common, medium.

CHICAGO. Nov, 10 (U. P.).—Hogs—Receipts, 17,000, including 4000 directs; market 10 to 20 cents lower; packing SOWS steady: top. $9.10; bulk good and choice. 150-230 1bs., [email protected]; 240-300 Ibs.. mostly [email protected]; packing sows, $8. 10@ 8.40; lightweights to $8.50. Cattle—Receipts, 10,000; calves, 1500; done on fed steers nd yearlings. , of crop being bid 25 50 cents lower killing quality ADERST but shippine demand narrow; few loads bid up to 18; most of run to sell $8.50@14; common and medium grade heifers strong at $7.50 down; cows steady: low cutters and cutters, $3.65@5; Strong weights, $5.25; sauSage bulls, $7, steady; vealers, steady at

Sheep—Receipts, 5000, including 100 difat lambs opening slow, early sales : to choice natives, undertone weak; native ewes down from $4, FT. WAYNE, Nov. 10 (U. Ta Prices 10 to 25 cents lower; 160-180 $8.90; 200-225 Ibs., Oss. Yo: 30-275 We

d 3 150s., $8.75; 140- yg 8s $8.65; 130-140 js 35; 55. 120-130 lbs., $8.45; 100-120 1bs., 0° Ny A Sor "stags, '$6. 25, calves, 8° 3: lambs, $9.5 LAFAYETTE, To. 10 (U. P.).—Hog Market, 20 to 25 cents Eg 160- 180 1 fos. $8.85@9; 180- 200 lbs. $8.70@ B05: oy 250 lbs., [email protected]: 250-325 Tbs.. 25@. 8.40; 120-160 Soe $8.60@8. 5; pigs, & 20 down, $8.50; roughs, $7.75 down; calves, $11; lambs, $9.50.

CHICAGO PRODUCE

Eggs—Market, steady; receipts, es cases; fresh graded firsts, carlots, less than carlots, 27%zc; extra firsts, as lots, 28%z¢c; less than carlots, 28'2c; current, receipts, 26':c; storage checks, 17¢; dirties, 19c; fresh dirties, 22c; storage dirties, 19¢; fresh checks, 19¢; refrigerator extras, 20%c; refrigerator standards, 20'4¢; refrigerator firsts, 20c. Butter-—Market, firm: JTeceipts, 6474 tubs: extras (92 score), loc; firsts, 32%2@ 33%c; extra firsts (90-911> score), 34'2@ 35%2¢c; seconds, 29@31c; specials, 37@37'ac; standards, 35c; centralized (89 Dee), 33%c; centralized (88 score), 32% Poultry—Market, steady; Seoeipte. 1 car, 44 trucks; ducks, 16'2@19%:c; geese, 16c; hens, 17@2lc; spring chickens, 19@22¢: roosters, 14@15c; broilers, 24@26c; turhex: 16@21c; leghorn hens, 15¢. heese—Twins, 19@19 Vac, daisies, 19% @ 19'2¢; longhorns, 19%i@19! Potatoes—Supplies, heavy; Suissa, slow; market, weak to dull; Idaho Russet, Burbanks, [email protected]: U. S. . 2, $1.10@ 1.25; Colorado Red MoCiures, 1 40; North Dakota Bliss Triumphs, [email protected]; North Dakota Cobblers, $1.05; North Dakota Early Ohios, $1.05; Minnesota Cobblers, 95c@$1; Michigan Russet Rurals, U. S. Commercials, 97'2c; Nebraska Bliss Triumphs, $1.20. Arrivals, 89; on track, 391; shipments, 503.

BANK STOCKS

Bid Asked Bank of Bannatian 22 231; Bankers Tru . vg Bank of New ‘ork’ Trust .... Brooklyn Trust central Honever Chemical Commercial ' Continental ... Co

rvin Nanutactugsts rere TRY TERS. 3

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Dow Chem

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212 165s 191;

Fed Wat S A . Flintkote Foster Wheel

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Goodrich pf ... Goodyear 2

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FHF FREE F

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Ill Central .... Inspiratn Cop . Inter Iron .... Int Harvester . .. Hyd El A 6

FHF FEE FEE

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Johns Man ....

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 29 20 Ind. Rails. Util Yesterday 82.8 1.8 95.2 Week ago ........ 848 744 953 Month ago ....... 87.0 81.0 96.2 Year ago ..... eee 941 999 106.0 Two years ago ... 78.3 102.% 1937 high 101.2 106.0 193% Tow «rau. ee 92.3 82.3 1936 high 106.2 100.2 (Copyright, 193%, Standard Statistics Co.)

50 Bnds. 83.3 84.8 88.0 100.0 90.5 100.7%

Ceara

NEW YORK, Nov, (U. P.).—Bonds opened higher, Net 2 Change T & T Conv 415s

&hic No Ww Conv 43 4 ’

y eo Port Gen “El 415s Warner Bros 6s ....

Curb Stocks

NEW YORK, Nov. 10 (U. P.).—Curb stocks opened higher. Net

Alum Co A Ark

fi ties TY 1 B &

Niag Hua P' Pantepec .... Pennroad ... Technicolor ... UnL&PA

U. S. STATEMENT

WASHINGTON, Nov, 10 fo ernment, expenses and recei current fiscal year through pared with a year YhRO:

..$2, Tea. 8 766.10 C2112 2.768. 8

. $11. 38m, a al, 8

FH HEHEHE

P.),—Gov is for he 8, com-

Customs ...z 1 3 Inac. Gold

INDIANAPOLIS CLEARING HOUSE

Clearings yay Teer Ty Ye 3,287,000 Debits “ ho 397.000

See Final Edition of the Times - for Closing Stock Quotations

No Pacific ....

Ohio Oil ..... Omnibus Otis Elev / Owens Ti Glass 6612 «=P 2624 1412 7105 . 13% i1'z 24% 3912 233 77 82

65%

Pac G & El.... Packard Paramt Pict . Para Pict 1 pt. Para Pic 2 pf Patino Mines ..

Public Serv S44 Pullman Pure Oil

INVESTING CO.’S

(By the N. Y, Security Dealers’ Assn.) Bid Ae

Bid A Adm Fds in 79 Affi Fd 4.20 Am H Sp 15.36 Am Bu 10

m Gn a Bes Nl Iv 2.60

Com Gp 1 Tr srs 5 3

Ppl NARI py on YD pk pt Re

3:45Quar Inc 1 Fix Tr A 9.07 . Rep Tr B ‘ .20 Sel A A Inc Found .. 3.70 3.95:Sel Inc. Fd Inv I 13 84 16.52 Sov Inv. Fd Tr 462 5. 1318p, Trask

B 4.21 . IS til. . Gen Cp. 29.79 32.03/State St . Gn Iv Tr 4.65

. 5.06/Sup or A Group Securities lB. Agri... 1.18

- Wed NNNDRJg.33RHm

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BmbginELoanam 3: % Ns

2, 6. 5. 28

76 Stee h 3 Ip GLA 1 Juror Cp 39 9 Inc Invs 16.29 789) Invest Bank Corp ‘well Fa

FOOD PRICES

CHICAGO, Nov. 10 (U. P.).—Apples— Michigan, McIntosh, [email protected]. Sweet Potatoes—Tennessee, bushel hampers, 80c @$1. Carrots—Illinois, bushel, 35@40c. Spinach—Illinois, bushel, 25@75¢c. Tomatoes—California, lugs, [email protected]. Cauliflower—Oregon, crates, $1@115. Peas— California, hampers, [email protected]. Celery— Michigan, square crates, 25@65c. Onions (50-1b, sacks)—Illinois yellows, Indiana, Michigan yellows, 75c@$1. Idaho Valencias, 8215c@$1.07%; Idaho whites, $1.05; Washington Valencias, [email protected]; Minnesota yellows, $1.05.

80 13.25

Yellow Tr 12

Zenith Radio .. 213, 21'2 21%

WHEAT FUTURES FIRM IN CHICAGO

Traders Anticipate Higher

Prices After Bulge In Market.

CHICAGO, Nov. 10 (U. P).— Wheat was steady and prices strong today on the Chicago Board of Trade. At the end of wheat was 1 to 13s

the first hour cents higher.

70 Corn was 3: cent higher, and oats

were 3 to 3: cent higher. No important pressure developed on the early bulge in prices and traders bought hastily in anticivation of higher prices as the session

0 | continued. Short covering, believed

by an Eastern operator, was one factor in the price boom. Wheat buyers for the flour trade werc reported bullish in regard to the market and buying steadily in the belief higher prices will prevail. Receipts were 18 cars. Corn buying was centered in the deferred months and on reports that corn had been purchased by the United Kingdom, prices steadied.

WAGON WHEAT

City grain elevators are paying for No. red, 79c; other grades on their merits. oh corn, new No. 2 vellow, 4lc. Oats,

LIVERPOOL WHEAT

115 © 112%

LOCAL PRODUCE

(The prices quoted are for stock gathered in the country, while for deliveries in Indianapolis prices are 1 cent higher. Each case of eggs must weigh 55 FossD Eggs—No. 1 strictly fresh, loss off, 24c. Heavy Breed Hee Taounds and over, 18¢c; under 4'2 pounds, 17c¢c; heavy springers, 1'> pounds and over, 18¢c; Leghorn springers, 1'2 pounds and over, 15c; bareback broilers. 4c; old roosters, aes young ducks, 4 pounds and over. 12c: old ducks, 9c, geese, 9 to 14 pounds, 9c; turkeys, young hens, 8 pounds and over, i Noung 6; 0.

toms, 14 pounds and over, turkeys, 12. Butter—No. 1, 38'2@39¢c; No. 2, 36'2@ 37¢; butter fat, No. 1, 34c; No. 2, 32c.

May L 115% 1.12%

Flynn Worried by Dull Market

For New Bonds

and High Prices

By JOHN T. FLYNN Times Special Writer WASHINGTON, Nov. 10.—The serious feature of the current business scene is not the goings-on in the stock exchanges but the condition of the primary security markets. The bogging down of financing of all sorts in the last year and particularly in the last four months is the thing of first importance. The thing of next importance is the price

situation. Security financing flows from the Federal Government, the state and local governments and from private corporations. If one looks back over the last four years the thing which stands out in this field is that the great bulk of this financing has been by the Federal Government, that next in importance has been the financing of the state governments, while third, and lagging far behind, has been the financing by private corporations. In 1934 and 1935 the financing of private corporations was so small as to be practically negligible. In the last half of 1936 it picked up a little, but it was still small. Total financing by Federal, local governments and private corporations hit its peak in May and June and July, 1936. This was the time in which the Federal Government made its bonus payments. Since that time the total has been slowly drifting lower. It hit its lowest point in September, Federal financing has been going down as the Government has struggled to bring its expenditures closer to its receipts. But at the same time private financing also shrinks. As a result the whole total drifts down seriously. This condition furnishes us with the clue to the most important job ahead for recovery. It is utterly impossible to have recovery without a sharp rise in private financing. A moderate increase will not do. It must be a very large increase. Federal budget-balancing must ba

accomplished. But it must be ac- | i

ompanied

is to revive private financing. The number two job is to check the rise of prices. There are many reforms —social, labor, financial, economic— which must be carried forward. But they are not intimately connected with recovery. They relate to social justice. The two great objectives for recovery are those I have named.

I suggest the following program: 1. Complete overhauling of the whole tax system, to remove the burden of taxes as far as possible from purchasing power. This includes overhauling the corporate un-distributed-profits tax. 2. Repeal at once of the excessive old-age pension taxes established to create an excessive fund. 3. A complete abandonment of all price-pegging operations by the Government, 4, An attack on a wide front on all monopolistic trade practices and price-raising trade agreements. 5. Repeal of the Miller-Tydings Law, 6. Local attacks on monopolistic conditions in the building trades. 7. A quickly organized government program of low-cost housing. 8. A definite pronouncement by the President that he will resist all inflationary measures and that under no circumstances will he increase His CE . of ud

Carl Wilde, School Board vice president who will lay the cornerstone, and Mr. Morgan.

P.-T. A. to Participate

Others who are to participate are William H. Bock, Washington High School faculty member who is to deliver the invocation; Mrs. D. H. Badger, president of the school’s P.T. A; Dr. L. M. Sartor, George Washington Club president; Cecil Whaley, a student; Mrs. L. A. Pottenger, P.-T. A. past president; the Rev, C. G. Baker, George Washington Club past president, and Miss Vivian B. Ely, faculty member in charge of the materials to go in the cornerstone hox, Mr. Buchanan is to speak on “Significance of This Building to the Community,” and Mr. Morgan is to speak on “Cornerstones and Milestones.” The Washington band is to play. Several other schools presented special programs. Four thousand visited Shortridge High School's cpen house last night. The Oscar C. McCulloch School and Kindergarten will hold open

{house tonight from 7 to 9 p. m. as

a part of National Education Week. A girls’ class will serve dinner and a boys’ class will demonstrate the use of the jig saw, drill and copper plating machine in the workshop. A motion picture, “Milk Parade,” will be shown in the auditorium at 8:15 p. m.

To Hold Conferences

Other programs were: School 70, at 510 E. 46th St., conferences between parents and teachers scheduled during the week. Open house, Friday, 7 to 9 p. m. School 87, at 2400 Indianapolis Ave. Post-class conferences. Par-ent-Teacher meeting after open house, from 7 to 9 p. m. R. L.. Brockenburr, speaker. School 21, 2815 English Ave. Miss Belle Scofield, in charge of art instruction, and Emil Rath, physical education director, to speak at Par-ent-Teacher meeting, 2:30 this afternoon. Open house, Friday, 7 to 8

p. m. School 9, at 740 E. Vermont St. Dr. Frank Wicks, Homer Chailleaux and Harry Ice to speak during week. Open house, Friday, 7 to 9 p. m,

Choir to Entertain

School 37, at 2425 E. 25th St. Special instruction during week. Thursday, “Junior High Day.” School 40, at 702 E. Senate Ave. Open house tonight, 7 to 10 p. m. Verse-speaking choir to entertain. John Morton-Finney to speak. Dramatic ciub to present play. School 46, at 1702 Miller St. Parent-Teacher meeting this afternoon, 2 to 4 p. m. Tea to be served. Horace Mann play scheduled for Friday, 2 p. m. School 55, at 1675 Sheldon 3t. Police Sergeant Albert G. Magenheimer to show film of School Patrol Officers Training Camp at meeting, tomorrow night, 3 to 9 p. m. Open house tomorrow, 7 to 8 p. m. School 72, at 1302 E. Troy Ave. Open house tonight, 7 to 9 p. m. Community sing is to follow. Ladywood School on Millersville Road is to observe Education Week during an assembly tomorrow. Speaking on the theme of higher education, senjors and faculty members are to discuss Catholic colleges for women, The assembly is to be sponsored by the Ladywood Sodality Chapter. Mary Smith, New Delhi, India, is president.

U. DEAN TO TALK AT REALTY LUNCHEON

Dean H. L, Smith of Indiana University will speak on “Japan as I Saw It” at a luncheon-meeting of the Indianapolis Real Board in the Hotel Washington tomorrow. Dean Smith was in the Orient, from July 1 to Sept. 1 attending a world conference of the Federation of Educational Associations.

INDIANA LAW SCHOOL

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| WASTE: PAPER

AMERICAN PAPER STOCK COMPANY

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and dropped 100 tons of concrete 40 feet below,

The 16 workmen were smoothing newly poured cement on the section when it began to crackle and fall apart. The men were hurtled into space along with flying bits of rocks and concrete, Three men remained in critical condition today at St. Edward's Hospital in New Albany. They were William McWilliams, 20, and Temple Brewster, 24, both of Milltown, and Cletus Gootee, 30, Loogootee. Engineers were at a loss to explain the accident. Officials of the R. P. Olinger Construction Company, which had been awarded the contract hy the Indiana Highway Commission, refused to discuss the collapse untidl an investigation has been made.

State Highway Engineers

Investigate Accident

Two State Highway Commission engineers were in Milltown today investigating collapse of a Road 64 bridge under construction over Southern Railroad tracks where one worker was killed and 15 others injured yesterday. The officials were Fred Kellam, chief bridge engineer and W. R. Britton. Earl Crawford, State Highway director, said the bridge plans were the same as those used for five other structures in Indiana and had the approval of State Highway engineers and railroad civil engineers. He said collapse nf the span at a time when only little more concrete remained to be poured probably would mean total loss to the contractor, R. P. Olinger, Huntingburg. The investigators will seek to determine where the designs were faulty, whether the contractor followed plans and specifications exactly or whether the supporting timbers or false work had been damaged by passing trains. “If it is a question of faulty design, we want to know about that for our future protection,” Mr. Crawford said.

ELLIOTT TO OPEN Y’ SUNDAY MEETINGS

A. J. (Dad) Elliott, who just completed a world tour, is to be the first speaker in the Y. M. C. A. Sunday Meetings series at 3 p. m, Sunday in English’s Theater. One of the most popular speakers in past seasons, Mr. Elliott is to discuss “The World at the Judgment Bar.” The Sunday Meeting series of religious and educational character, started mote than 30 years ago. Mr. Elliott is executive secretary of the Committee on Christian Evangelism Among Youth, a position he has held since retiring from a Y. M. C. A. secretaryship last year. Other outstanding speakers, character impersonators and musical groups are to appear on programs during the winter, according to H. W. White and C. E. Guthie, Y’ officials in charge.

FIFTY CLUB DANCE TO BE HELD NOV. 20

The Fifty Club Thanksgiving Ball will be held Nov. 20 on the Severin Hotel roof. Frank W. Spooner, club president, is being assisted in the arrangements by Dr. C. E. Morgan, vice president; Norman G. Wolf, treasurer; Wendell V, Dewitt, secretary, and Courtland C. Cohee, entertainment committee chairman,

ENLIST YOUTH, PARTY IS URGED

Interest of Future Voters Important, Boetcher Tells Democrats.

The Democratic Party must take an interest in persons not yet of voting age, Mayor Boetcher, former Marion County chairman, today had warned the Young Democrats of Indiana. Speaking at a dinner meeting of that organization in the Claypool Hotel last night, Mayor Boetcher pointed out that a political party is alive only so long as young persons become a part of it. “It is important that we remem ber that youths too young to vote today will become the backbone of the party in the future,” he said, State Chairman Omer Stokes Jackson and Dick Heller, Governor Townsend's executive secretary, urged that a closer tie be maine tained between the Young Demo crats and the senior party organie zation, Joseph P. McNamara, Young Democrats’ national committeoman, and Alvin C., Johnson, Young Democrats’ state president, also spoke, James 1. Beattey, Demo cratic State Committee secretary, was toastmaster,

$97,000 FOR INDIANA PROJECTS APPROVED

Roosevelt Puts His 0. K. on WPA Proposals.

Times Special WASHINGTON, Nov. 10. — Ape proval has been given by President Roosevelt to a group of new WPA

projects in Indiana, according to Senator VanNuys (D. Ind). Among them is a state-wide project, with headquarters in Indians apolis, setting up $68,483 to provide employment for professional education and clerical persons in organe izing and operating local museums, The sponsor is the Indiana State Historical Bureau. Two Indianapolis projects include cleaning and renovating buildings of Indiana University, $15,090; repairing, rebinding and cataloging books in the Indianapolis Public Libraries, $13,485.

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