Indianapolis Times, Indianapolis, Marion County, 19 November 1937 — Page 39

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PAGE 38

STOCKS DROP ONE

10 THRE

E POINTS

AS VOLUME GAINS

Industrial Hits New Since 1935.

Average | Low

NEW YORK, Nov. 19 (U. P.).—Stocks dropped 1 to] more than 3 points today, carrying the Dow-Jones composite average of 70 stocks to | a new low since 1935. Trading picked up momentum when | the industrial average made a new low and tickers were

unable to keep pace. At noon the Dow-Jones industrial | stood at 12193 off 35 and a new low since 1935; 31.05, off 0.95; utility, 21.70, and 70 stocks, 41.37, off 1.21. Farm shares had widest declines, new lows Case at 881: International Harvester, 60 and Minneapolis Moline preferred 60, off 10. U. S. Steel declined to 352%. ofl 1's: Bethlehem, 48':, off 23 Chrysler, 585. off 25: Atchison, 3% off 2: du Pont, 109, exdividend, off 5 and a new low: Montgomery | Ward. 353%. off 13{; Union Pacific, 85, | off 2 and a new low; Westinghouse Electric, 95. off 3, and Youngstown Sheet & Tube, 3713, off 2,

Today's

average points railroad, off 061

5 wy ith in ofl

oli

GENERAL BUSINESS |

National Coal Association reports week ended Nov. 13 bituminous coal output approximated 8630000 net | tons vs, 10,106,000 year ago. American Bureau of Metal Statistics reports October domestic | lead shipments 39,292 tons vs. 53,-} 850 in September and 59210 year | ago; production 49,197 vs. 41.048 and | 42 156: stocks during October rose | 9904 tons to 100.646. Dun & Bradstreet reports retail | trade this week 1 to 3 per cent over | last week and 3 to 12 per cent over | vear ago; wholesale 5 to 10 per cent | over year ago. CORPORATION NEWS

Alleghany Corp, first nine months net loss $92.764 vs. $99,958 year ago: September quarter net loss $26,774 vs, $20.754 year ago. Symington-Gould Corp., October quarter consolidated net profit $227. | 733 equal to 28 cents a common | share vs. $392,449 or 49 cents pre- | vious quarter and $456.195 or 62 cents in April quarter] nine months | $1 076.377 or $1.34 a share. No com- | pensations for vear ago available. Chicago Pneumatic Tool Co, September quarter consolidated net profit $420,486 equal to 72 cents a common share vs. $440321 or 8 cents previous quarter and $307,195 or 74 conts vear ago. Mahoning Coal R. R. Co., September quarter net income $458,167 equal to $1499 a common share vs. $407344 or $13.30 year ago: nine} months $1,098,619 or $35.79 vs. $829,- | 632 or $26.83 year ago. | Texas & Pacific Ry Co, October net income $235967 vs. $339.642 year ago: ten months $1.945246 or $2.47 a common share vs, $1,383,833 or $1.02 year ago DIVIDENDS

Abbott Laboratories extra 10 cents | regular quarterly 40 cents on com- | mon pavable Dec. 29; record, Dec. 16 vs. like extra Sept. 30. Chesebrough Manufacturing Co. extra $1.50 and regular quarterly $1 | payable Dec. 20; record, Nov. 26. Dominion Textile Co., Ltd. reg-| ular quarterly $1.25 on common payable Jan. 3; record, Dec. 13. International Harvester Co. regular quarteriy 62': cents on common payable Jan. 15; record, Dec. 20. Lily-Tulip Cup Corp. 37!: cents on common payable Hee. 15; record, Dec. 1 vs. like payment Sept. 135. Ludlow Manufacturing Associates regular quarterly $2 payable Lec. 1; record, Nov. 20. National Bond & Share Corp. special $3 payable Dec. 15; record, Nov. 30 vs. like special Dec. 15 last year.

National Dairy Preducts Corp. 30 |

cents on common pavable Dec. 13; record, Nov. 29 vs. Oct. 1. Ogilvie Flour bonus of $2 a

Mills Co., Ltd. share on common payable Jan. 3! record, Dec. 135. R. J. Revnolds Tobacco Co. 60 cents on common payable Jan. 3: record, Dec. 4. Four quarteriies of 75 cents each were paid during the year. Frank G. Shattuck Co. extra 40 cents and regular quarterly 15 cents payable Dec. 21: record. Dec. 1.

Swift & Co. 30 cents payable Jan. | 1

1; record, Dec. 1 vs. like payment | Oct. 1. American Chain & Cable Co., 50 cents on common pavable Dec. 13 record Dec. 8 vs. like payment Sept. 135. American

Hide & Leather Co,

regular quarterly 75 cents on pre- |

ferred Dec. 31 record Dec. 23. Berghoff Brewing Corp. regular quarterlv 25 cents payable Dec. 15 record Dec. 4. (Copyright, 1937. by United Press)

payable

FOREIGN EXCHANGE |

NEW YORK. Nov. 19 (U. P.).—Opening foreign exchange irregularly Higher © Change 5.00 7-16 2.00 3-16 bill rate) 4.99 11-16 4.00 3-16 Canada (dollar) .. 1.00 19-128 —00 1-12 ance (franc) 03403 4-.00007% taly (lire) voi 052634 —. 0000 Beigium (belga) E ah Germany (mark) -.0704 Switzerland (france) 000. Holland (guilder) 0002! Srein (peseta) .. Sweden (krona) (krone) . (krone) . (ven) .

FOOD PRICES

CHICAGO, Nov. 19 (U. P.).--Fruit and vegetable market, Apples—Michigan MecIntosh, $11.40. Sweet Potatoes—Tennessee, bushel hampers, 90c@$1. Carrots —Ilinols pushel 35@50c. Spinach—Iiinois, bushel, [email protected]. Tomatoes—California, Cauiiflower—Long Island, crates, 40, Peas—California, hampers, As) Celery—Michigan, square crates, 50c@8$1. Onions (50-1b, sacks) — Nlinois vellows, Ba Lena yellows and Mich-

n ; -

Cable Rates Fretand (pound) ng. (60-d .

apan 2014

Business At.a Glance |i

like payment!

Porker Prices Drop 25 Cents To $8.30 Top

Heavy receipts and a liberal supply of holdovers caused hog prices to break 25 cents, to the lowest

| levels since Feb. 12, 1985, according [ to the Bureau of Agriculture Eco- | nomics. Packing sows followed the

lower trend. Top dropped to $8.30 on

| choice 140 to 160-pound weights. | Bulk packing sows were listed from

$7.25 to $7.55. Not enough steers or heifers appeared at the market to test values. Cows were fully steady. Odd lots of plain heifers sold at $7 down while cutter and common beef cows

| cashed from $3.50 to $5.50. | Vealer prices advanced 50 cents | today as top on choice selections |

reached $12. Another lamb prices sent values on this class down mostly $1.50 for the week, sharp declines in dressed values and the competition from poultry remaining the weakening factors

| Good to choice native lambs moved

$850 to $8.75, with an top on some strictly

mostly at extreme $9 $5

from to $8. Slaughter ewes

| cleared steady at $2 to $3.25.

= ;

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84833:

BHEBBCED 8538354

Light Lights-140-150) Good and Medium ightweights 1160-186) Good and Medium .......000 (180-200) Good and choice. . Medium 1200-220) Good and 1220-250) Good and Heavyweights— 1250-280) Good (290-350) Good Packing Sows-— -350) Good ~425 -8

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Common, medium ....... Low cutter and cutter ...... Bulls Good (beef) *5 ‘aan Cutter, common and msdium. Vealers —Receipts, $00 and choice

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

« 10.50@ 12.00 9.506 10.50

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Good and choice ... To00@ Common and medium $ Bw

' COWS — {| Good 4950

Common and medium L/w

SHEEP AND LAMBS ~Receipts, 1000— Lambs— Choice Good

Common “aaah Shor Ewes— (90-175) Good and choice Common, medium.

CHICAGO, Nov. 19 (U. P.).—Hogs—Receipts, 15.000. mmciuding 7000 directs; marRet, 15 to 25 cents lower: top, $8.20; 150300 ibs, few butchers 300-350 Ibs. $7.80 9: most packing sows. $7.40 7.65; ightweights up to 8% 83. Cattic—Receipts, 1500: calves, 500: fed and yearlings steady in cleanup few loads mediumweights, $10.50@ she-stock steady: low cutter and $3.50@ 4.50; best grades, [email protected]: weak to 25 cents lower; top, $6.25;

. Including 1500 lambs active, mostly steady; good to choice natives. $8.75@9; three cks yearlings. $7.75. sheep. strong to 25 £ Up: ative ewes, $4G 35. FT. WAYNE, Nov. Market, 25 cents lower: 160-180 Ibs.. $7.95: 180225 Ibs. $7.75: 225-250 S., $7.55: 275-300 lbs. 4 , 120-140 bs, $7.80: 100-120 Ibs. . Roughs, $6.75; stags, $5.50; calves, $11.50; lambs, $8.25. LAFATETTE,, Nov. 19 (U. P. ¥ t 25 to 30 cents lower; bulk [email protected]: 170-2 8 < $7.50@ 7.60 7.60: pigs. $T.75@ 8: caives, $11.50 m;

steers trade; 12.2%; cutters, bulls,

| veajers steady, $9.50 1). | _ Sheep— Receipts,

directs: fat

).—Ho 40-1 0 a 20

Ss . $7.90@8; 50-325 1bs., $7.50 roughs. $7.25 down; lambs, $8.50 down,

N. Y. Bonds By United Press BOND PRICE INDEXES

20 20 60 Rails Utils. Bonds

Yesterday 9.3 Week age ... Month age Year ago

| Tw 193% h 93%

“Vater wwe

223323

3a232333%0 ARANCANDO =

| 1936 | 1933 1935 1. (Copyright, 193%, Standard Statisties Co.)

NEW YORK, Nov. 19 op2ned steady.

(U. P.).—Bonds

Net

© Open Ch ° Australia 4'ss . 100° Fy. | Canada 25s . «« 99 Chi M Stp & P 5s 2000 . 37% 3 Consu Pwr 3s '66 . | Goodyear 5s Irt 5s : 3 Int T& T 45s '52 . McKesson & R 5'as Port Gen El 4'%s ... | Seaboard 6s

Curb Stocks

| By United Press | NEW YORK, Nov. 19. (U. P.).—Curb

stocks opened irregular.

Am Cyan B Am Sup Pow Cities Serv

| i See Final Edition

of the Times for Closing Stock Quotations and Other Late News

| Celanese

- > ... 1 Chrysler 25 to 50-cent decline in|

" - : : rane choice. Unfinished offerings ranged | Sra

6.00 9.50 | Am Gen

8.006 11.50 | 5.50G 8.00 |

| Gen Gen In Tr 4,

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press

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DOW-JONES STOCK AVERAGES $0 INDUSTRIALS Yesterday wuiuiiauanaaen en JI5AR 208 Wek ARD Livsissssssissaess 133.09 MOREA ARS iviinnninsnnanes 13226 Year age ..... Saas aaS won 1805 High, 193%, 190090: low, 123.98, High, 1936, 180.90: low, 183.1%, 26 RAILROADS

1.4%

Yesterday Week age Month ARG Livisastanaanasnss Year age High, 193%, 6146; low, 30.00, High, 1936, 359.89. Jow, 10.66, 20 UTILITIES POSIIBAY * cuvuasinssssanaasse 2.31 Week AR® ..iisiissssinsssses 2808 Month ARS wiivecisisniganias 2188 Year age ...... vaassasan assy SRN

High, 193%, 3V.54; low, 19.65 High, 1936, 36.08; low. 28.68.

‘iasraat assesses S39% 35.2% 33.00

Yesterday Week BEB ..vuvuviissiavaaias 50% Month age ... weve A488 Year ago .. . 6% High, 193%, 69.6%; low, 41.52 Righ, 1936, 66.38: low, 51.20.

SRL AARRRRLS

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WHEAT PRIGES FIRM IN STEADY TRADING

Most Traders Await Further News From Argentine.

CHICAGO, Nov. 19 (U. P)— Wheat prices firmed fractionally in fairly steady trading on the Chicago Board of Trade today. At the end of the first hour wheat was % to 4 cent lower, corn was 13 cent lower to 's cent higher, and oats were unchanged to 's cent lower. A steadier tone developed after the opening decline but not enough buying appeared to erase today's losses. Most of the trade appeared inclined to wait for further definite news on Argentine crop damage before making commitments. Receipts were 64 cars. No important selling in corn was noted and small rallying power was enough to erase all but a minute part of the early losses. Hedge selling was less conspicuous than usual, Receipts were 324 cars.

ARGENTINE GRAIN BUENOS AIRES, Nov, 19 (U. P)—Grain futures opened lower. Wheat—December, $1.08':, off Sic: February, $1.02%. off se. Corn—December, 637s¢, off lac: February, 6334c, off gc. Oats—Spot, 28lce, off se Flax-—-November, $1.3¢'2. off ':¢; February, $1.23%., off Sse.

WAGON WHEAT

grain elevators are paving for No. 84c; other grades on their merits. corn, No. 2

City 2 red. Cash 2

new yellow, 4le. Oats,

Building Now Is Unimportant as

Depression Cure

NEW YORK, Nov.

, Flynn Declares

By JOHN T. FLYNN 19.—The President's rescue conference having

selected housing as the Number One depression cure and all the com-

mentators having had their say abou a little calmly and assay it. First of all, it is an intelligent thing to attempt to stimulate house building It was an intelligent thing to attempt it 1933. It is still a good thing, even more desperately essential now. Therefore, the Presidential advisers do well on this score. Secondly, while it is an excellent thing to attempt, it would be worse than foolish to suppose that housing by itself can do the job of reviving this country or that a vast house-building program can be gotten under way inside of a yeai. All this eleventh-hour excitement about housing should have been begun at least 16 months ago when the immense bonus payments were pouring out into business. One did not have to be a wizard to see then that this abnormal stimulation would be followed by a sharp price rise and that this in turn would be followed by a lethargy =n business. There are one or two important points which ought to be kept in mind. There are two kinds of housing. One deals with building homes for the home-owner—homes to sell. The other deals with building houses to rent. A bailding program involving homes for home-owners is always necessarily restricted. It would bea fine thing. It ought to be encouraged both for social and economic reasons. It would help. But it will never reach giant proportions so far as supplying long-term credit to business on the scale needed to continue recovery is concerned.

As to building houses to rent, this in turn must bejdist: in

t it, we may now look the scene over

two kinds of activity. One involves building apartments for people with moderate and better incomes. The other relates to building multifamily homes for people in the very low income brackets. This is called low-cost housing.

This last type is a branch of business which no one is in. It is the phase of the housing industry which social reformers and sociallyminded people generally are interested in. It is the kind of housing they supposed Mr. Roosevelt would go in for on a large scale in 1034. Every time Mr. Roosevelt talks about housing they get the idea that this is what he means. They seem to be under that illusion now. But as a matter of fact this type of housing, as a real project, is dead as a doornail. Mr. Roosevelt is not thinking about it now and neither are his advisers. He thinks he can produce recovery now by stimulating the building of homes to sell and by high-priced apartments.

But the winter is upon us. The period of house-building for the time being has passed. It will not return for five or six months. Nothing every extensive can be done in that time. It is all very well, but quite unimportant as a swift restorative.

American National Bank

AT INDIANAPOLIS

4.09% -—.22 |

| Texas

Net Last Change Penney Ju... ¥ v

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Pullman Pure Oil

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Talcott J Joon Corp

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LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

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

BONDS

d Citz Ind Tel (TH) 4%s 61....100'a H Tel & Tel Ft W 5%s 655....103'a H Tel & Tel Ft W 6s 43 3 nd Asso Tel 5's 65 [Indiana Tel Co 5s 60 nd Railway Ine 5s 67 ....... nterstate Tel & Tel 5'%s 54. . Indpls Water Co 3los 66 Kokomo Water Works bs 58 Morris 5&10 Stores 5s 50 ‘i Muncie Water Works 5s 65.. Noblesville H D & P 6lss 47. Ohio Tel Serv 6s 47 Pub Tel 5lbs 55 .. Chaban Richmond W W 5s 57

30% -=

Asked 103 1056 106'% 106% 100

55 80 103

T H Water Works 6s 49 .. Trae Term Co bs 57 . STOCKS Belt RR St Yds com. ..... Belt RR St Yds pfd Cent Ind Pwr 77 pfd Home T&T Ft W 7% pid Hook Drug Ine com Ind & Mich B T° ...covvvnnies Ind Gen Serv Co .. Ind Hydro Elee 7° pfd....v.. Indpls Gas Co com Lika an Indpls Pwr & Lt pfd 67% ..... Indpls Pwr & Lt pfd 6'27% ... 85 Indpls Water Co vfd 5» Lincoln Nat! Life Ins Co. com Mallory com « 11 N Ind Pub Serv Co pfd 5'2%%.. N Ind Pub Serv pfa 6% “ N Ind Pub Serv Co pfd 77%... Pub Serv of Ind pfd 6% ‘ee Pub Serv of Ind 77% iy Progress Laundry Co com 6% Smith Alsop P&V pfd Smith Alsop P&V com . 4 Terre Haute Eles Co 6%...... ! Union Title Co com .. ....... Van Camp Milk Co pfd ...... § Van Camp Milk Co com ..... 10 By M. P. Crist & Co.) Investing Corp... 23.00

U. S. STATEMENT

WASHINGTON, Nov 19 (U. P.).—Government expenses and receipts for the current fiscal year through Nov, 17, compared with a year ago: This Ye

a Expenses $2,902 139,962.51 $2 Receipts... 2,189,370,321.83 1 Deficit .... 712,769,640.68 1 Cash bal... 2645094 237.87 Work. bal. 857,135 644.50 Pub. debt 37,072,844,055.10 Gold res.. 12,789,005.011.21 Customs... 170,664,114.31 Today's Pur Total Pur. Inac. gold ...... $5,206.02 $1,257 458,773.75

( Market St

Last Year 91,558,279.03 8

1 1 33 1

6 5 1 5 0 8 1 1

INDIANAPOLIS CLEARING HOUSE Clearings $2,582,000 Debits 7,356,000

CHICAGO PRODUCE

gs—Market, easy; receipts, 5525 cases: treo graded firsts, carlots, 25':¢; less than carlots, 25'sc; extra firsts, carlots, 27'z¢; less than carlots, 27'2¢; current receipts, 23¢; storage checks, 15¢; fresh dirties, 20c¢; ctorage dirties, 17¢: fresh checks, 17¢c: refrigerator extras, 19%iec: reJrigerator firsts, 18'2c; refrigerator standards, 19c.

Butter-—Market, firmer: receipts, 8098 tubs, extras (92 score), 37'4ic; extra firsts (90-9115 score), 35'i@36'4c¢; firsts, 32's 33'2¢; seconds, 20@31'2c; specials. 3734p 38'4c; standards, 35':c; centralized (89 score), 33'5¢: centralized (88 score), 32%ec. Poultry—Market, easy; receipts, 2 cars, 49 trucks: geese, 17c; ducks, 16'.@19c: spring chickens, 17@21¢; hens, 17@20's¢; roosters, 14@ 5c: broilers, 144 15¢; tur keys, 17@23¢c: Leghorn hens, 15'.e. Cheese—Twins, 19@19%c: daisies, 19'%¢: longhorns, 19'.@18':¢ Potatoes—Supplies, moderate: demand, moderate to light; market. steady; Idaho Russet Burbanks, [email protected]; U. 8. No. 2, $1.25; Colorado Red McClures, $1.47'%@ 1.55; North Dakota Cobblers, [email protected]; North Dakota Early Ohios, [email protected]; Nebraska and Wyoming Bliss Triumphs, $1.30@ 1.35; Minnesota Cobblers, $1.10; Minnesota Bliss Triumphs. $1.17'2; Minne. sota Early Ohios, $1.07'2, Arrivals, 62; on track, 221; shipments, 504.

LOCAL PRODUCE

The prices quoted are for stock gathered in the country, while for deliveries prices are 1 cent higher. Each case of eggs must weigh 55 pounds gross. Eggs—No. 1 strictly fresh, loss off, 26c. Chickens Heavy breed hens, 4!'4 pounds and over, 19¢c; under 4'2 pounds, 16c; Leghorn hens, 12¢c; heavy springers, '4 Pounds and over, 19¢; Leghorn springers 's pounds and over, 15¢; bareback broilers, l4c; old roosters, 9c. Ducks—White, 4'2 pounds and over, fuil feathered and fat, 11¢; colored ducks, 4% pounds and over, llc; under 4'2 pounds, full feathered and fat, 9¢: Indian runner ducks, 6c. Geese, 9 Jounds and over, full feathered and fat, 12c. Surkeys-— Foung hens, 8 over, 18c: No. turkeys, 13c; old hen tukeys, 18¢: ol Joma, ie. utter—No. 1, 12@30c; No. 2, 36; Shc. Butterfat—No. 1 ode: Noo 2 330 2 @

19',@

nounds and

FRIDAY, NOV. 19, 1937

Horror Harbinger Starts Deadly Mission

This remarkable picture shows a bomb immedi-

ately after its release from a Japanese naval bombThe camera caught the deadly missile

ing plane.

JURY SETS LAND VALUE AT $2300

Ripley County Area Owners To Appeal Condemnation Suit Verdict.

Jurors in Federal Judge Robert C. Baltzell's Court today returned a judgment setting $2900 as the fair value of 103 acres of land condemned by the Government in Ripley County for public park purposes. However, attorneys for Ralph and Alma Dieckmann, owners, said they would appeal the verdict challenging the Government's right to acquire land by eminent domain procedings for recreational purposes. The attorneys said “we are not interested in the land's valuation but only in the Government's authority to condemn it under these circumstances.”

Suit Lone Challenge

The suit was the only one challening the Government's appraisal of scores of parcels of land taken three years ago when a national park was established near Versaiiles in Ripley County: Other landowners accepted the Government's appraisal as a [air offer for their property, but the Dieckmann's claimed their land was valued at $6000 rather than the $2300 offered by the Government, Park Superintendent W. E. Men- | denhall, Robert H. Borders, vice president of the State Bank of Milan, and County officials testified for the Government. Neighbors were the chief witnesses for the Dieckmanns.

NATIONAL GRANGE INSTALLS HOOSIER

Lafayette Man to Serve as Vice Steward.

HARRISBURG, Pa. Nov. 10 (U. P.) —Agricultural policies of the National Grange were laid down today for guidance of Congress in shaping farm legislation. The 71st annual convention of the farm fraternity opposed ‘regimentation” of agriculture, drastic curtailment of crop acreage and use of the soil conservation program to control production. | Newly elected officers installed last night included John G. McKee, Lafayette, Ind., vice steward.

RED CROSS REPORTS

Shanghai.

U. S. WILL INCREASE STATE JOB OFFICES

Indiana's Federal employment offices are to be increased from 21 to 43 next year when the unemployment compensation law becomes effective, according to W. Frank Persons, Washington, United States Employment Service Director, Mr, Persons met yesterday with leaders of the Indiana State Employment Office, including Martin F. Carpenter, State director. Mr, Persons said there were 7,737,000 applications for jobs on file in Government employment offices over the country.

TAXATION GROUP T0 BEGIN STUDY

Notre Dame Dean Calls First Meeting of Five-Man Commission.

Dean J. E. McCarthy of Notre Dame, chairman of Governor Town=send's five-man Tax Study Commission, announced today that the committee would hold its first meeting next Wednesday in the State House. He said the group would meet at 11 a. m. in the Governor's office to receive orders from the Chief Executive, The Governor, in appointing the commission, said it would “find where the tax system is inequitable and report to the 1939 Legislature.” Members besides Dean McCarthy are Marshall Williams, State Tax Board member; Clarence Jackson, State Gross Income Tax director, Alex Pursley, Hartford City businessman, and Frank Bates, Indiana University faculty member,

500 EXPECTED FOR GROTTO CEREMONIAL

More than 500 persons are expected to attend the fall ceremonial of Sahara Grotto in the Athenaeum tonight. Dinner for the 80 ceremonial candidates is to be served from 5 to 6:30 o'clock. Ritualistic work of the cast, under direction of Bruce Eberly, is to follow the dinner and the revelers’ degree is to start at 9 o'clock under direction of Ord Hiatt.

A.F.L. TOBOYCOTT FT. WAYNE PARADE

MEMBERSHIP. GAINS

' Indianapolis institutions today continued to report membership gains over last year in the Red Cross membership campaign. Five more organizations reported 100 per cent enrollment among officials and employees, while others have shown increases. They were Capitol Dairies, Inec,, Indiana Canning Machinery Co., Indiana Gear Works, Indiana Asphalt Paving Co. and Indianapolis Chamber of Commerce. Residential workers and those in the county division have been pressing the campaign through a series of meetings.

SUES FOR RETURN OF LOSSES IN GAMBLING

Harry C. Woodsmall, Indianapolis insurance executive, today had filed suit to recover $1954.60 in alleged gambling losses. | Six persons, convicted several weeks ago on charges of gaming, were named defendants. They were Leroy Donnelly, Charles Shine, Charles Custer, Petro Minardo, Benjamin Flagler and Morris Safrin, Filed in Superior Court 4, the suit charged the plaintiff lost the money while playing with dice. The defendants were convicted and were fined by Special Judge John W. Hornaday in Criminal Court several weeks ago.

STOCKS

40 N. PENNSYLVANIA ST.

Russell w Mel

COMMODITIES

ACCOUNTS CARRIED ON CONSERVATIVE MARGIN BASIS

W. L. LYONS & CO.

ESTABLISHED 1878 ; MEMBER OF NEW YORK STOCK EXCHANGE

Withdraws Approval of

C. I. 0. Rally.

FT. WAYNE, Nov. 19 (U. P).— Local A. F. of L. leaders today had decided not to participate in a C. I. O. mass meeting scheduled for Sunday, after an earlier announcement that their members would be allowed to attend. A statement under the name of Hugh Gormley, A. F. of L. Indiana Division general representative, said: “The Ft. Wayne Federation of Labor will not participate in the parade or mass meeting which is sponsored by the C. I. O. to be held here Sunday.” C. I. O. officials expect 15,000 persons to attend. They have invited Homer Martin, United Automobile Workers president, to speak, and have asked representatives of scores of unions throughout Indiana to attend.

¢ DIE AS FIRE RAZES HOME IN COLORADO

FT. COLLINS, Colo. Nov. 19 (U. P.) —Six persons were burned to death in their sleep early today when fire razed the home of Tomas Cebes, 68 Those who died in addition to Cebes, were his wife, Sarah, 54, their daughter, Mrs. Benny Ortiz, 38, and three children, Carmel, 14; Sarah, 11, and Henry, 9.

A a Re

Times-Acme Photo,

before it nosed downward to the Chinese lines near

PACT MAY AID U. S. FARMERS

Pending British Trade Deal Viewed as Bid for New Markets.

By THOMAS L. STOKES Times Special Writer

WASHINGTOY, Nov. 19 (U.P.) — Negotiations for a reciprocal trade agreement with Great Britain and for a new agreement with Canada serve a domestic political purpose of President Roosevelt and Secretary Hull, entirely aside from the

international implications. The Administration hopes that such agreements, particularly the one with Britain, will open up new markets for American agricultural products, including wheat, pork and fruits, and thus convert the Middle and Far West to a policy promulgated by Secretary Hull which has won commendation from most other quarters. The announcement is well-timed, for Republicans again have seized the reciprocal trade policy for political capital, just as they sought to use it in the last campaign with complaints that it had let in both wheat and meat to compete with the American farmer. Senator Capper (R. Kas.), who has considerable influence among Midwest farmers, has become the spokesman on this issue. He opened a new attack a few days ago.

Cool to Hull Policy

The way the farmers voted for Mr. Roosevelt last November indie cated that the attack on the re= ciprocal trade policy, which Alf M. Landon injected into the campaign with his Minneapolis “Babassu nut” speech, did not cut deeply into the President's farmer support. But the Midwest farmer is report ed at least cool toward the Hull re= ciprocal policy, and the farmer's support is needed for pushing through the Administration's crop control program about which Senate and House committees are wrane gling. Huge agricultural surpluses intensify the need both for temporary control, to protect the farmer's price in the absence of foreign markets, and for efforts to reopen foreign markets as an eventually steady outlet on which he can depend in the years to come. Secretary Hull long has aimed at a British agreement. England's willingness finally to enter negotiations is undoubtedly dictated by her desire, in view of her present complications in Europe and the Far East, for a rapprochement with the United States. This has been manifest lately in other directions.

RAILWAY EXPRESS AGENTS CHANGED

* W. C. Rutherford of Lincoln, Neb., today was appointed Railway Exe press Agency superintendent here to succeed IL. D. Stout, who has been transferred to Detroit. Mr. Rutherford has been in the Express service for 40 years. Mr, Stout came here in September last year, succeeding J. C. Graebing, who retired.

CONGREGATION PICKS FOUR NEW OFFICIALS

Four new directors today assumed their duties at the Indianapolis Hebrew Congregation following their election at a dinner in the Columbia Club last night. They are Willian Schloss, Edgar Joseph, Jacob Hays and Louis J. Borinstein. An entertainment program including three plays followed the elections.

BROKEN FOUNTAIN PENS

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