Indianapolis Times, Indianapolis, Marion County, 15 November 1937 — Page 13

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MONDAY, NOV. 15, 1937

INDUSTRIALS LEAD

MARKET

IN LIGHT VOLUME

United States Steel Gains More Than One Point.

NEW YORK, Nov. 15 (U. P.). — Industrial shares led | the stock market higher today, gains ranging to more than a point in light turnover. | Many operators appeared inclined to await Congress’ action before making new com- | mitments and prices advanced | through lack of offerings. Steel | shares were prominent as U. S. Steel went to 677%, up 1%, and Bethlehem to 562, up 1%. Building shares continued to ab tract attention. Johns Manville gained more than a point. Railroad and utility issues were quiet.

Today's ‘Business At a Glance

GENERAL BUSINESS

Rubber Manufacturers’ Association reports October domestic crude rubber consumption 38,707 long tons Vs. 43.803 in September, and 49 637 year ago; imports 52508 Vs. 56,049 and 40.920; 10 months imports 460,244 | Jong tons vs. 389.513 year ago; stocks | end October. 195.685 Vs. 182,556 end September and 224 000 year ago; afloat to U. S. ports 80.653 long tons in October vs. 83,288 In September and 67.825 year ago; October reclaimed rubber consumption estimated at 12234 long tons; production 15849 and stocks ended October, 23.572.

CORPORATION NEWS

Columbian Carbon Co., first nine 4

months consolidated net income $3,686,067 equal to $6.85 a share vs. $2654.104 or $494 year ago; September quarter $1,165,381 or $2.17 vs. $1.072.150 or $1.99 previcas quarter) and $810,799 or $1.51 year ago. Columbia Gas & Electric Corp, twelve months ended Sept. 30 consolidated net income $13,669.650 equal to 57 cents a common share vs. $12442512 or 47 cents previous 12 months; September quarter $1.210,353 or $1.23 a share on combined 6 per cent and § per cent

preferred vs. $219,996 or 22 cents a | 2

combined share year ago. | Hiram Walker-Gooderham &| Worts Ltd. fiscal year ended Aug. 31 net profit $6,463,633 equal to $8.29 a common share vs. $4.796,120 or $6.56 previous fiscal year. Island Creek Coal Co. October coal output 410,761 tons Vs. 387.217 in September and 459.585 year ago. Loft Inc. September quarter consolidated net loss $471447 Vs $352,795 previous quarter and a net loss of $170.944 for parent company only in 1936 quarter; nine months consolidated net loss $967961 Vs. consolidated net loss $675,815 year

ago. West Penn Power Co., excluding Monongahela West Penn Public Service Co.. 12 months ended Sept. 30 consolidated net income $6.960.458, equal to $1.82 a common share, vs. $7.360,007 or $156 previous 12 months. DIVIDENDS

Anheuser Busch, Inc. extra $a share, payable Nov. 30, record noon

Nov. 20. (Copyright, 1937, by United Press) —————————————————

N. Y. Bonds

By United Press BOND PRICE INDEXES

| based on buying and selling inquries or

60 Bonds 84.3 83.1 85.5 9.38 100.5 82.3 100.2 93.3

20 0 20 Inds. Rails Utils. 83.6 33.6 95.6 82.8 LS 95.0 84.3 69 93.1 913 995.0 106.0 95.0 101.2 106.0 198% low 2D LS 92.3 1986 high ..... 918 100.4 1062 1936 low ..... 900 $4.7 1033 1935 high ..... 91% 86.4 1036 93.1 1935 low . 2. Le 89.3 83.0 (Copyright, 133%, Standard Statistics Co.)

NEW YORK, Nov. 15 (U. P.).—Bonds Change 00. 52 a ‘s

Saturday Week ago ...-- Month age ..-. Year ago 193% high «o.oo

opened irregularly higher. a 17-32 —T62%

C + 3 Chi Grt W 4s . Chi Nor W 43:5 49

Curb Stocks

By United Press YORK, Nov. 15 (U. PJ). stocks opened steady.

Am Cyan B Am Sup Pow Cities Serv... Cons Lop Mns ElB & Senin Nia St Regis Technicolor ...

Eggs — Market, steady; receipts, 2114 cases: fresh graded firsts, carlots, 27'zc; jess than carlots, 27'2c; extra firsts, carJots, 28'2¢; less than carlots, 28lzc; current receipts, 26'2c; storage checks, 17c; dirties, 19¢c; fresh dirties, 13c; storage dirties, 19¢c; fresh checks, 19¢; refrigerator extras, 20'%c; refrigerator standards, : refrigerator Iirsts, 191z¢c. Butter — Market, firm; | tubs: extras (92 score), 37c¢; extra firsts (90-9112 score), 35la@36c; firsts, 33@ 34l4c; seconds, 29@3l'zc; specials, 37'2@ . standards, 35%2c; centralized (89 score). 34%c: centralize (88 score), 33c. Poultry — Market, steady; receipts, 23 trucks; geese, 15c; ducks, 16'2 @19'2c; spring chickens, 19@22c: hens, 17@2ic; roosters, 14@1l5c; broilers, 14@15¢; turKkevs, 16@21c; Leghorn hens, 15c. Cheese—Twins, 19@19% :: daisies, 19% @ 19%; longhorns, 19la@19%%c. Potatoes — Supplies, hberal; demand, slow: market, steady: Idaho Russet Burbanks, [email protected]; U. S. No. 2, $1.12%:@ 1.20: Colorado Red McClures, [email protected]'2; North Dakota Bliss Triumphs, $1.15; North Dakota Cobblers, $1: North Dakota Early Ohios, [email protected]; Minnesota Cobblers, 95¢ $1; Wisconsin _ Round ites, $1.05; ichigan Russet Rurals, [email protected]. Arrivals, 115; on track, 340; shipments, 656, Saturday; 56, Sunday.

BANK STOCKS

Bank Manhattan

receipts, 6062

Hanover 95 Chase ..........sss sehsannrann 33% Chemical

Empire ... ...........oseeen First Nat Bank N Y Guaranty

THE INDIANAPOLIS TIMES

ie CPR

PAGE 13

NEW YORK STOCKS

By United Press

Adam

ADVANCE

WHEAT PRICES DROP SHARPLY i IN LIGHT TRADE |

| Grain Men Indifferent and Await Convening of ‘Special Session.’

Atlas Corp ....

ald Loco ct wi Salt & Ohio .. alt & O pf....

CHICAGO, Nov. 15 (U. P).—The wheat market continued heavy from the opening on the Chicago Board of Trade today as grain men turned apathetic waiting for the convening of the “special session” of Congress. At the end of the first hour wheat was 13% to 214 cents lower, corn was 1, to 3 cent lower, and oats were 1% to 4 cent lower, Wheat displayed a total lack of rallying power after the initial break | and absence of any active trade, | QUIRES re more than anything else, forced | Cent Foundry. prices down, Weakness in Liver- ent RR KR J. pool and a favorable break in the | Chi RI&P .. Argentine weather were depressing factors. Some of the selling herej Col & Aik ... was believed against buying in Win- | ORM CaF, ++: nipeg. Receipts were 118 cars. jolvents .. Corn prices followed wheat into So lower ground but resistance held down losses. Shorts have begun to cover at the present lows but hedging pressure had offset this action. Receipts were 487 cars.

Cal Packing . Callahan age “-

Chrysler

Curtis Pub .... curtiss-Wr .... Curtiss-Wr A .

WAGON WHEAT City grain elevators are paying for No. 2 red. 8%¢c; other grades on their ments. Cash corn. new No. 2 yellow, dlc. Oats, AN

LIVERPOOL WHEAT Prev.

High Low Close Close $1.247s $1.20%% $1.20% 81.25% 1.20% 1.18's 1.18% 1.21% : 1.18 1.21

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings but merely indicate the approximate market level

El Elec St Bat ... Eureka Vac ...

recent transactions. BONDS

Citz Ind Tel (TH) 4lis 6l.... H Tel & Tel Ft W 3'es 55... H Tel & Tel Ft W 6s 43 Ind Asso Tel 5's 65 .... uve. Indiana Tel Co 5s 60 Ind Railway Inc 3s 67 ....... Interstate Tel & Tel 5las 54.. I s 66

Palardo Sug .. Fed Wat S A

Gair Robt .... Gen Bronze ... Gen Electric .. G& EA...

Muncie Water Works 5s 65... Noblesville HD & P 6 Ohio Tel Serv 6s 47 Pub Tel 5'%s 55 Richmond W W 5s 5% Seymour Water Co TH Trac & L 5s ¢ T H Water Works 5s 58 T H Water Works 6s 49 . Trac Term 5s 5%

STOCKS

Hook Drug Inc com Ind & Mich E 7%

Homestake

Houston Oil ... Howe Sound .. Hudson Motor... Hupp Motor ...

2% +... Indpls Water Co pfd 5% Lincoln Natl Life Ins Co com PR Maliory com ..........-+ Hi N Ind Pub Serv Co pfd 52%... N Ind Pub Serv pfd 67% .. 71 N Ind Pub Serv Co pfd Pub Serv of Ind pfd 6% Pub Serv of Ind 7% ......... Progress Laundry Co com 6%

Ind Rayon .. .. Inland Stl T%.. Inter Iron .... Int Harvester .. Int Hyd El A... Int Nickel Int P&R Int P&P pf Int T&T .

2 14% Smith Alsop P&V pfd ...... “. x Smith Alsop P&V com 2 : Terre Haute Eles Co 6%...... 94 Union Title Co com . Van Camp Milk Co pfd Van Camp Milk Co com

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

FOREIGN EXCHANGE

NEW YORK, Nov. 15 - foreign exchange higher. Ww. Pas=ioss Net Loew's

Cable Rates Chan Loft, Inc England (pound) ..499 9-16 oy Lone Star Cem. England (60-day bill -® iF-16 Co ER Canada (dollar) . France (franc) ... Italy (lire) Belgium (belga) Germany (mark) Germany (travel

Johns-Man ....

Kan C Sou pf . Kennecott

Leh V Coal ...

Mathieson Maytag . McGraw H .... McKeesport McKesn & Mead Corp ... Mengel ........ Miami Cop . Mident Pet Mudland Stl . Australia (pound) .3. Re A Austria (shining) .. .1890 Minn-Moline +=: Crechoslovakia ex P (koruna) onan JOS5194 Finiaad (markka) .. .0222'% Greece (drachma) .. .009i% Jugoslavia (dinar) . .0235

Can Pacific ... ?

¢ Colgate-P-P ... \

Crucible St .... 34

vr ve 13 rat [od

2s 50 Houd-Her B...

. 90% 61

w- 23

Ada s Exp : 11 ressograph. AE Rea Alaska Jun .... 1

ISD hr pr 3 on OB se ON <I BISA

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P&L $7 pf 50

Fair Morse .... 3 . 342

A. 91%

20's 21 231%

- B5Re=E Gua gr pe we Ly Pop PF

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Gt North pf... 30

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19%, 193% 36a 36% —— 1% 1% 902 61 12 «2

1% 42%

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1 22%

Net . Last change.

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DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

Year Ago High, 198%, 194.40; low, 128.98. High, 1936, 181.90; low, 143.11. 20 RAILROADS Saturday Week Ago .... Month Age ... Year Ago High, 193%, 64.46; low, 30.00. High, 1936, 59.89; low, 10.66. 20 UTILITIES shisssasaey 2843 sasssstcenianss 23 serasasssnnssss 1988

Shas ERARR RRL

EEE

Saturday Week Ago .... Month Ago ... Year Ago High, 193%, 31.54; low, 19.65. High, 1936, 36.08: low, 28.63. 0 STOCKS Saturday Week Ago ... Month ARO .iiisverrasnnanen Year Age High, 193% 69.6%; low, 41.52. High, 1936, 66.38; low, 31.20.

Cassa RRR Le

Net Last Change ‘% Ya

ad Nat Pwr&Lt ... Newport Ind .. N Y Central ... NYC Omnibus. . NY NH & H pl. No Amer No Pacific .

HHH H+

Ohio Oil omnibus Otis Elev ...... 283% Owens Ill Glass v7%

| +++

Pac GXEl Pacific Ltg .... Packard

‘+

Paramt Pict 147s Parker Rust Prf 20': Penn Cem .. S'p Penn D C pf A 28': Penn RR ..... 28% Phelps Dodg .. 253s Phillips Pet .... 443; Press Stl Car . 10'2 Press Stl 1 pf.. 10

Purity Bak ... adio “waste Radio-K-Or .. Rem-Rand . 15 Reo Mot Republic Stl ... Reyn M Reyn T

P .. Richfield Oil ...

“ene 23 Sears Roebuck. 673s Servel Inc .... 17% Shell Un Oil .. 18% Sheil Un pf ... 98

Socony-Vacuum 167% 22%

67's 17 18% 9 167% 22 14% 14's 123% rands .... 8% 87s td Brands pf..104'%2 104% & 6a 6 a 13% 13% “30 29 we 31% 313% ile 34s ws 50 50 o“ 1% 167% Studebaker .... Tia Tia Sunshine Min.. 143% 1434 Superior Oil ... 3 2

Talcott J Tenn Corp .... Texas Cor

Transamerica ; : Tri-Cont Twin Coach ..

Ulen & Co ....

BOD Dn RD omnes Neen -—N oe

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Steel .... 61 Steel pf ..113 v Cyclops Stl 12'2 Ut P&L A... 2 — 171% 26%

MOTOR CAR SALES GAIN IN OCTOBER

DETROIT, Nov. 15 (U. P.).—New passenger car sales in the United States in October were estimated today by R. L. Polk & Co, at 197,000 units compared with 225,442 in Sep-

tember and 171,319 in October, 1936. Truck and commercial sales were estimated at 40,000 units compared with 53.116 in September and 41,207 in October, 1936.

- Ld

11 1215 1g

17'2 26%

Vanadium Van Raalte ..

- -

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

New Zealand (pound) 4.02% 896

Y .189 Portugal (escudo) .. 04541; Rumania (leu) 007 Argentina (offl. peso) .3331 Argentina (unoffl. BESO) . wiyevvnisssysn Brazil (offl. milreis) Brazil (unoffl. milreis) J Chile (peso) ........ 0400 Peru (sol) ‘en Uruguay (peso) . Mexico (silver peso) . Hongkong (dollar) . . Shanghai (yuan) ... . India (rupee) v Japan (yen) ........ .

LOCAL PRODUCE

(The prices quoted are for stock gath in the country, while for deliveries a dianapolis prices are 1 cent higher Each case of eggs must weigh 55 pounds gross.) Eggs—No. 1 strictly fresh, loss off, 26c: Poultry—Heavy breed hens, 4'2 lbs. and over, 19¢c: under 4':> lbs, 16¢; horn hens, 12¢; heavy springers, 1'2 lbs. and over, 19¢; Leghorn springers, 1!2 lbs. and over, 15c: bareback broilers, 1l4c; old roosters, 9c: young ducks, 4 lbs. and over, 13¢; old ducks, 8c: Indian runner ducks 6c; geese, 9 to 14 lbs. 12¢. : Turkeys—Young hens, 8 Ibs. and over, Je: Soung tgs, 3 Ros and over, 19¢; No. keys, 13¢; o | : tom. Te en turkeys, 19¢; old utter—No. 1, 3812@39%¢; No. 2, 36% Batterfat—No. 1, 34c; No. 2, 33c, au.

barrel.

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Public Library.

THE NATIONAL DEBT AND GOVERNMENT CREDIT, by Paul W. Stewart and others, “Like anyone who has honestly examined the problem of our rising public debt, the authors are none too happy over the PERCHANDISING YOUR INVESTMENTS, by A. M. Bernstein, “It seems a strange phenomenon that so many successful business men often make a mess of handling their investments.” FRAUDS, MISREPRESENTATIONS, CONFISCATIONS, MYSTERIES IN LIFE INSURANCE, by David Gilbert and James P. Sullivan. The authors quote Elizur Wright—"Life insurance will be good for society when everything is unsealed; when all facts are common knowledge. g A PREFACE TO ADVERTISING, by Mark O'Dea. A book on advertising

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WASHINGTON, Nov.

thing.

& | Monopoly Only Successful Price- © Control Scheme, Flynn Asserts

By JOHN T. FLYNN Times Special Writer

There are two favorite ways of accomplishing this. One is to control production—hold it down—create scarcity. The other is to peg the price by buying up surpluses and removing them from the mar-

We have tried both. The leaders of the AAA have clung to the belief

that to prices without con BES Se

is.

15.—Coffee in Brazil; They teach us once again a lesson we have been taught over and over and which we refuse to learn. For ages the men who produce goods have been eager to find some way to put the prices of the goods up. They did it back in the 15th Century when the guilds ruled the towns and controlled trade. They were busy at the same game 70 years ago in this country when the first oil producers tried to control the production of oil. Their ideal was $5 a But often it got down to 50 cents.

cotton in America!

Always these price-fixing schemes®— have failed to work. Many times they recoiled on their architects and left them worse in the end than when they applied the remedy. John D. Rockefeller got sick of trying to make price and production agreements work in the oil industry. He abandoned agreements and turned to the only scheme which can succeed—if success is possible—and that is monopoly. From 1920 to 1929 we had an orgy of price and production control plans all over the world. Rubber, , sugar, coffee—all sorts of things. All failed. All brought ruin in their wake. Go back to the financial and trade magazines of 1930 and you will read the comments of businessmen on the futility and folly of these schemes. Much of the trouble following 1928 was ascribed by some to the havoc these price-fixing devices had created. Now we are back again attempt-

through the Commodity Surplus Corp., applied to a score of crops. But even with production control it seems hopeless. We tried to put

the price of cotton up by controlling production. The method of control was to get cotton planters to cultivate fewer acres. The biggest cotton crop up to now was in 1926. That crop was planted on 45,000,000 acres of land. This year our current cotton crop was raised on only 34,000,000 acres. That's a 25 per cent reduction in land under cultivation. But the crop was bigger than the 1926 crop. It is perhaps the biggest crop ever raised and it has been raised on one of the smallest acreages in recent years. Brazil has tried taking the surplus off the market after the crop was raised. She could not very well hold down the yield of coffee. For 31 years she has heen experimenting with schemes to keep up the price of coffee by buying the farmer's surplus. Now she has.thrown up her hands. The schemes have been a failure. They have encouraged surpluses. They have almost wrecked the credit of the Government. And they have handed over Braizil’s coffee or rather

High Low

Viek Chem .... 36% 368% ‘eve

Walworth : 3 Warner Bros ... “enn Wayne Pump .. Wes Oil & : “

Wilcox O & G. 29 12% 423%,

Yale & T Yellow Tr ....

Young Sheet we 43% 42%

Porkers Drop 15 to 20 Cents In Local Yards

Hog prices broke 15 to 20 cents in the local market today, according to the Bureau of Agricultural Economics. Heavy seasonal receipts and a tendency of the country to market hogs before a further break caused the decline. Practical top for the day was $9. Packing sows sold unevenly steady to 25 cents lower, moving largely from $7.75 to $8.25. Few smooth butcher types were slightly higher. Slaughter steer trading was slow and few transactions were made in the forenoon, with most bids around 25 cents under last week's close. Vealers lost 50 cents to bulk from $10.50 to $11 on good to choice offerings. Lower grades cashed as low as $5. Light receipts of lambs offset declines in Eastern dressed values and trading held generally’ steady. Good to choice wooled native lambs bulked

+ | from $9.75 to $10.25, a load of 80-

pound three months shorn offerings making the inside figure. Common to medium woolskins moved at $6.50 to $9. Fed Western offerings were represented by a load of choice 84pound averages at $10.25. Slaughter ewes were unchanged, top $3.25 on choice handyweights.

LUMBER OUTPUT SHOWS DECLINE

Reduction on Unfilled Orders And General Business Ease Is Responsible.

WASHINGTON, Nov. 15 (U. PJ). —Reductions in unfilled orders and the general decline in new business are the major weaknesses of the lumber manufacturing industry, the U. S. Department of Commerce said today, presenting the 26th quarterly of its special survey committee on conditions in the industry. The Committee urged manufacturers to initiate a promotional campaign to increase consumption,

. especially in the small housing field,

a recommendation which, the Department of Commerce said, “takes on added significance when viewed in the light of the President’s re-

cently announced intention to block the present business recession through stimulation of construction of low-cost dwelling units by private enterprise.” Lumber stocks at the mills on Oct. 1 approximated 8,400,000,000 feet, an increase of 6 per cent from the beginning of the year and 5.4 per cent greater than on Oct. 1, 1936, the committee reported, adding that every effort should be made to adjust current production more closely to demand. Total output for the first nine months of the year was estimated at 25,750,000,000 feet, based on reports for the first nine months, but the year’s total may exceed 1936 by only 5 per cent, which would bring it to 25,500,000,000 feet, the survey indicated.

INDIANA LIVESTOCK

LAFAYETTE, Nov. 15 (U. P.).—Hogs— Market, mostly 20 cents lower; bulk 140170 lbs. . ; 170-200 lbs., [email protected]; 200-250 lbs. . 8.50; 250-325 lbs., $8.25 @8.40; 100-140 , [email protected]: roughs, IH down. Calves, $10.50 down. Lambs, . WAYNE, Nov. 15 (U. P,).— to 15 gent wel 160-180 Ibs.,

$8 30. ughs, $7.25. s.ags, lambs,

$9.50. CHICAGO, Nov. 15 (U. P.).—Hogs—Receipts, 31,000, including 12,000 irects; market mostly 20 to 30 cents lower; acking sows, 15 to 25 cents lower; top, : few loads, $8.85: bulk good and choice 160260 1bs., [email protected]: few choice 140-150 V [email protected]: most 240-300 1b. butchery, 4 acking sows, $7.90@ 20; lig Cattle—Receipts, 2500; few steers and yearlings: trade very slow; bidding 25 to 50 cents lower: mostly 50 cents off; holding few loads strictly good and choice weighty steers steady; nothing done; beef trade sluggish, weakened by approaching oultry season; largely warmed up and short-fed steer run, supBY excessive; cows weak to 25 cents off; ulls and vealers steady to weak; weighty sousage buils up to $7. vealers, $11 down. Sheep—Receipts, 10,000, including 1500 directs; fat lambs moderatel active; strong to 15 cents and more higher; most bids native and fed Westerns, $9.75@10; top, $10.25; sheep and feeding lambs about aes native ewes, $3@4. feeding lambs,

DAILY PRICE INDEX

NEW YORK, Nov. 15 (U. P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100): Saturday .....:sssvesvnvees 12009 Week Ago sus sssuvenrassves+311596 Month ABO +ecscisvvsienses. 12748 Year Ago ssinuvees 13357 1937 High (April 5) ......... 158.26 1937 Low (Nov. 8) ...vc0......118.96

U. S. STATEMENT

WASHINGTON, Nov. 15 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 12, compared with a year ago: This Year Last Year .$2,831,157,688.74 $2,597,778,104.14 ..« 32,146,528,309.21 1,517,008,907.16 ¥ 684,629,379.53 1,080,769,196.98 . 2,652,537,738.42 1,575,536,917.76 .. 864,601,185.64 1,102,297,108.99 Pub. debt. 37,048,784,428.79 33,790,496,494.16 Gold res. 12,788,982,970.71 11,112,590,724.99 Customs... 65,184,519. 157,737,333.52

ay’s Pur, Total Pur. Inac. gold. 11,057.87 1,257,438,664.80 INDIANAPOLIS CLEARING HOUSE

$ 3,694,000 10,041,000

FOOD PRICES

CHICAGO. Nov. 15 (U. P.).-—Apples— Michigan McIntosh, [email protected]. Sweet Pota-

toes— Tennessee, u. ampers, 85c@$1. Carrots—Illinois, bu., h nia, gs, $1.50 Island, crates, Jan square crates, 15@60c. Onions ( Le) [Hinois } S. a

bu., : @2.40. 1.35 i nia, hampers, $2.25 Celery—M

Net Last Change !

TOWNSEND TO OPEN FARM PARLEY HERE

Several Thousand Expected At Bureau Sessions.

Several thousand farmers are expected to attend the 16th annual Indiana Farm Bureau, Inc, convention here tomorrow, Wednesday and Thursday. Governor Townsend, a Bureau official prior to his election in 1932 as Lieutenant Governor, is to open the conclave with an address at 10:30 a. m. tomorrow in Tomlinson Hall. The Governor's speech is to be followed by the annual message from the bureau president, Hassil E. Schenck. Prof. O. F. Hall, Purdue University education department, is to speak at the afternoon session, and reports are to be given by various organization department heads, including the Indiana Wool Growers Association and the tax, legislative and live stock marketing departments. Tomorrow night J. O. Christianson, of the University of Minnesota, is to speak. The main address of the second day of the convention is to be given by E. A. O'Neal, American Farm Bureau Federation president. Miss Helen Welshimer, poetess and newspaper women, is to speak Wednesday afternoon. Election of officers, selection of delegates to the annual American Farm Bureau convention and adoption of resolutions are to be held Thursday morning. The convention is to close at noon.

HOURS EXTENDED FOR PROSPECT ST. FEEDER

Bus to Run Until 10:30 P. M. During 30-day Trial.

In response to a petition of residents, the Indianapolis Railways, Inc, today opened for a 30-day trial period an extension of service on the Prospect St. feeder bus operating between Keystone Ave. and Chester St. The service will be extended from 7:11 p. m. each evening until 10:30 p. m.

INVESTIGATE DEATH AT FILLING STATION

Two more witnesses were to be questioned in the coroner’s office today in connection with the mysterious death Saturday of Wilbert R. Gordon. filling station operator. Mr. Gordon was found dead with a bullet wound in his head at the filling station, Raymond and Harding Sts. His right hand was clutching a 38-caliber service revolver. Dr. Frank B. Ramsey, deputy coroner, said an open verdict in the death would be held for a time pending testimony of additional witnesses. Paraffin tests of the dead man’s hands failed to disclose whether he had fired the weapon. “We are not sure it was suicide,” Dr. Ramsey said. ee ————

‘Y’ TO JOIN PRAYER WEEK OBSERVANCE

—————

"A “Week of Prayer” is being observed by Young Men's Christian Associations in 54 countries of the world this week. The Indianapolis program will include a series of devotional radio broadcasts from 6:45 to 7 3 m. each day. Leaders of the radio period will include C. E. Guthrie, A. F. Williams, F. E. DeFrantz, F. W. Dickens, H. W. White and V. D. Parker. A series of noon meditation meetings, open to both men and women, also has been planned. A. J. Elliott was to lead today’s session following the noon luncheon in the “¥” building.

INSURANCE AGENTS TO HEAR NEW YORKER

Walter H. Bennett, New York, National Association of Insurance Agents general counsel and secretary, is to address the 38th annual

8 convention of the Indiana Associa-

tion of Insurance Agents at the Indianapolis Athletic Club tomorrow. Joseph W. Stickney, Indiana Association secretary-treasurer, is in charge of arrangements. A dinnerdance is to be held in the I. A. C. ballroom tomorrow night. Dean H. Swadener, Mishawaka, is Association president.

PLACES RELIGIOUS PROBLEMS AT TOP

The world must adjust its religious differences before its economic differences can be settled, Dr. Mordecai W. Johnson, Howard University president, Washington, said yesterday in an address in the Senate Avenue Y. M. C. A. The meeting was the first in a Sunday afternoon series. “The common problems of life are the problems of all men, regardless of race, reliigon or their status in life,” Dr. Johnson told the 1500 men who attended. -

DROPS DEAD WHILE TALKING TO OFFICER

Entering a restaurant at 29 E. Ohio St. last night, a man who said he was James Whiting, 65, fell to the floor and died while being questioned by Traffic Officer F. Shaw. Dr. Frank R. Ramsey, deputy coroner, said death was believed due to natural causes. The body was sent to City Morgue. Police said they learned Mr. Whiting lived at 4621 Hillside Ave.

FOREIGN ARTICLES TO BE EXHIBITED

An exhibit “Handicrafts of Other Lands” will be on display at the Technical High School tomorrow. The exhibit, sponsored by the Home Economics Club, is a collec tion of articles which faculty memEconomics

Legion Aid

National Commander Daniel J. Doherty of the American Legion today announced the appointment of Edward M. Seay, Louisville, Ky. (above), as his traveling aid. Mr. Seay was Kentucky Department commander from 1936 to 1937.

ROOSEVELT TO AGT IN HAITIAN DISPUTE

Offers to Mediate in Alleged ‘Massacre’ of 500.

WASHINGTON, Nov. 15 (U. PJ). —President Roosevelt offered today the good offices of the United States, jointly with Mexico and Cuba, to mediate the Dominican RepublicHaiti crisis, precipitated by the alleged slaughter of 5000 Haitians last month.

The State Department announced that it had been informed that Cuba already had extended her good offices and that Mexico would make a similar offer immediately.

President Roosevelt in separate telegrams to President Stenio Vincent of Haiti and President Rafael Trujillo of the Dominican Republic, expressed the desire of the United States to aid in reaching a satisfactory settlement as soon as possible within the spirit of the peace treaties adopted at the Buenos Aires conference, last year. President Vincent sought the assistance of the United States, Cuba and Mexico last Friday after relations between the two Caribbean Island countries had become dangerously strained as a result of charges that Dominican armed forces had committed wholesale massacre upon unarmed Haitians,

SCOTTISH RITE CLASS TO GET 14TH GRADE

The fall class of Scottish Rite candidates is to receive the 14th grade Wednesday night when the Adoniram Lodge of Perfection completes conferring degrees. The first section of 100 candidates is to be under charge of Saraiah Council, Princes of Jerusalem. The lodge is to receive applications Wednesday for the second fall class section. Deadline for the convocation work from Dec. 6 to Dec. 9 is to be Nov. 24. The two sections are to be merged for the Consistory degrees, to be presented Dec. 8 and 9.

REV. C. H. WINDERS TO FILL PULPIT HERE

The Rev. Charles H. Winders will assume duties as supply pastor of the Downey Avenue Christian Church next Sunday, church board officials announced today. The Rev. Mr. Winders is vice president of the Indianapolis Church Federation executive committee and formerly served as executive secretary of that group. He will fill the vacancy left by the Rev. Bert R. Johnson, who accepted a post in Jackson, Miss., the first of this month.

LEGISLATOR’S SON TAKEN TO HOSPITAL

LAFAYETTE, Nov. 15 (U. P.).— Glenn Garrott, 17-year-old son of State Senator I. Floyd Garrott, was en route to Warm Springs, Ga., today to be treated for infantile paralysis. For several days young Mr. Garrott was kept in an “iron lung” at Riley Hospital, Indianapolis, until his condition improved sufficiently to allow the transfer. He was accompanied to Warm Springs by Senator Garrott.

THUGS GET LOOT VALUED AT $340

Burglars and Holdup Men Sought for Series of Week-End Crimes.

Burglars and holdup men who took loot valued at more than $340 in week-end crimes reported to police were sought today. An armed bandit threatened clerk and took $150 from a drugstore in the 4000 block E. Washington St. Saturday night. A bandit who robbed a drugstore in the 2700 block College Ave. late yesterday was hard to satisfy. He ordered that the $40 cash loot be wrapped in a neat package and demanded a half pint of whisky, John Hall, 29, of 1827 N. Talbott Ave, the manager, told police. Two armed men robbed a grocery operator in the 1100 block Roache St. of $40 Saturday night, police were told. Burglars entered an unlocked door and took clothing and a radio valued at $60 from his home, W. R. Moore, 6003 E. Washington St. reported yesterday. An overcoat and a camera were stolen from a restaurant yesterday while the owner was eating, T. W. Dow, 1224 N. Alabama St., reported to police. He told officers the loot was valued at $93.

ART STUDENTS WIN $10 CONTEST PRIZES

The John Herron Art Institute today announced that Wyonetta Sisson, R. R. 9, Technical High School student, won the essay

award and Fred Rash, 427 W. 42d St., won the poster award in a contest sponsored by the Indianapolis Art Association’s membership com= mittee. Winners received $10 each. Second place in the essay contest went to Jane Gillespie, 2850 Talbot St., Shortridge. The following won honorable mention: Mary Frances Greene, 4624 N. Pennsylvania St. Shortridge student; Marjorie Dobson, 2340 N, Delaware St. Shortridge: Nancy Van Matre, 5656 N. Pennsylvania St., Shortridge, and Patricia George, 6133 Haverford Ave., Broad Ripple High School.

V. F. W. AND AUXILIARY SET INSTALLATIONS

Hoosier Post and Auxiliary Veterans of Foreign Wars, are to hold installation of officers tomore~ row evening at 143 E. Ohio St. Post officers are Roy Sprinkle, commander; Arthur Haught Sr, vice commander; Guy Thompson Jr., vice commander; William E, Myers, chaplain, and Earl Passe waiter quartermaster-adjutant. Auxiliary officers are Emma PasS« waiter, president; Margaret Thomp= son, senior vice president; Esther Sprinkle, junior vice president; Eileen McDonald, chaplain; Caroline Cook, secretary-treasurer; Anna Conner, conductress, and Hazel Haught, guard.

FAIRBANKS-MORSE CONVENTION OPENS

Approximately 350 distributors and their representatives are expected at the national distributors’ convention of the Fairbanks, Morse & Co., which opened today at the Columbia Club. Meetings will continue until tomorrow night. : The representatives will review the 1938 refrigerator models and hear sales and advertising plans presented. W. Paul Jones, general manager, Fairbanks-Morse Home Appliance Division, will preside throughout the two-day meeting.

OLD-TIME PRINTERS RE-ELECT OFFICERS

All officers of the Old-Time Printers’ Association continued their duties today following re« election yestefday at the organiza= tion's quarterly meeting in Typo graphical Terrace, 2820 N.. Meridian St. They are Edward P. Barry, president: Robert E. Darnaby, vice president, and William A. Greene, secretary-treasurer.

RAIL VETERANS TO MEET The 20-Year Club of the Indianapolis Railways is to hold its ninth annual banquet at 6 p. m. tomorrow in the Lincoln Hotel, President Ross S. Ludiow announced today.

Approximately 175 men are expected to attend. :

Indiana rail carriers.

in accordance with a recent Interstate Commerce Commission ruling raising inter-state rates and will be effective Wednesdty midnight if the Indiana Commission does not act. The petition asks for a hearing and then for permanent suspension of the schedule. State Disadvantaged

The Chamber said in its petition that intra-state rates in the proposed schedule are generally 40 cents a ton higher than previously, and that this puts Indiana industries at a disadvantage with manufacturers of surrounding states, particularly Illinois, where new proposed rate raises are not as high. It said also that the Indiana

allow them to go into force automatically. Carriers

State C. of C. Asks Suspension Of Proposed Freight Rates

The Indiana Chamber of Commerce today asked the Indiana Publie Service Commission to suspend for 120 days a proposed schedule of freight intra-state rates on scrap and fabricated iron and steel filed by

The new rate schedule was filed ®

proposed schedule that the Indiana intra-state base rate long had been lower than base rates in other surrounding states and that the new proposals were intended to even that difference.

OPENS BRANCH OFFICE

The Union Insurance Co. with headquarters in Indianapolis, has opened a branch office in Des Moines, Iowa, under supervision of V. F. Cougill, State agent, according to F. W. Dunn, company presi= dent. c :

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