Indianapolis Times, Indianapolis, Marion County, 23 November 1937 — Page 13

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ...... 000000. 114.19 Week Ago ..... Month AR0 ....vvvuivvinenss. 132.7% Year Ago

TUESDAY, NOV. 28, 1937

U.S. STEEL LEADS MARKET DECLINE;

CHURCHGOERS ARE TO JOIN IN THANKSGIVING

BUREAU CLAIMS CITY UNABLE T0 SEEK CONVENTIONS WITH

Net Last Change 6! mei A 11% .... -1.2 oo 40 3 —1.65 | Transamerica . 1 in SRE: WestAir. “2.49 | Tri-Con

Net Last Chige Ye

Adams FED Adams-Mil Addressograph

Air Reduc

sevenesenenne IT

“,

Va Ve

BOND ISSUES DROP

% ho Some Issues Decline

To Lowest Point In Year.

NEW YORK, Nov. 23 (U. P.).—Stocks resumed their decline today led by U. S. Steel which made a new low for the year. Domestic bond issues were irregularly lower as U. S. Government liens eased,

Hogs Advance 10 to 15 Cents [3 To $7.90 Top

Hog prices advanced today for the first time in two weeks, according to the Bureau of Agricultural Economics. The 10 to 15-cent upturn was largely in form of an adjustment with prices in other leading markets. Weights above 160 pounds gained 15 cents, ‘while lighter

that - President Roosevelt would meet with utility men today. Resumption of the decline came when buying failed to follow through on the early rally. Another influence was a reduction in the price of domestic copper. U. S. Steel sold as low as 48':, off 3: point after touching 51 earlier. Chrysler made a new low at 52's, off | 5s, after touching 55. Case made a | new low at 80, off 2. Others to make | new lows for the vear or longer included Sears Roebuck at 493%, off 3% Monsanto Chemical 717%, of : Westinghouse Electric 871, b au Pont 100, off 4; Melville Ste, 44, off 4%, and J. C. Penney 59% off 23%.

{

Today's Business

weights were 10 cents higher. Top was $990 on choice 140 to 170- | pound weights. Quite a number of | premium sales, especially on weights above 190 pounds were 5 to 10 cents above the list. Packing sows were 15 to 25 cents higher to bulk from $7 to $7.50. A comparatively light Tuesday run of slaughter cattle moved in generally slow, listless trade. Activity was confined to low priced heifers which sold at $7 down. Steers sold from $6.75 to $9. Two loads of steers with weight cashed at $9.75. A liberal number of plain and medium heifers sold from $5.50 to $8.

range of $3.50 to $5. Bulls scarce and remained unchanged in price. Vealer prices vielded 50 cents to $1 under pressure of lower prices | from nearby centers. Good to choice offerings sold from $11 to $11.50. Lambs were steady as light re|ceipts and gains in the eastern | fresh dressed market were reported. Good to choice fat native lambs moved from $8.50 to $9. No fed offerings appeared. Half fat and un-

| finished kinds cleared from $5 to $8.

At a Glance

CORPORATION NEWS |

Baltimore & Ohio R. R. Co week, ended Nov. 20 carloadings 26.894 vs. > on previous week and 34,791 year |

Seite Petroleum &| Transport Co. and subsidiaries, Sep- | tember quarter net profit $1,698,587 | equal to 36 cents a common share vs. $1,676,438 or 36 cents previous quarter and $595.251 or 12 cents vear | ago. nine months $4,244 523 or cents vs. $2,196,263 or 46 cents vear | ago. | Reliable Stores Corp. October con- | solidated net sales $856.010 vs. $978,606 vear ago, off 12.5 per cent; 10 | months $7.618534 vs. $6,961,812 year | ago. up 9.4 per cent. |

American Hawaiian Steamship | Co. and subsidiary first 10 months profit $90.979 before Federal income taxes vs. $982,576 year ago. October profit $171,438 vs. $192,791 year ago. Caterpillar Tractor Co. October | net profit $550,573 vs. $703,721 year ago; 10 months $9.686.508 equal to | $5.01 a common share vs. $7,736,191 | or $4.11 year ago.

Reading Co. October net operating income $1275.706 vs. $1.530.849 | vear ago; 10 months $12,057,105 vs. $11,564,180 year ago. | Beech Nut Packing Co., extra 25 | cents and regular quarterly $1 on common payable Jan. 3 record Dec. 10. Like extra was paid Jan. 1.

Bridgeport Brass Co., 10 cents for fourth quarter payable Dec. 17 rec- | ord Dec. 10. Company previously | paid 15 cents March 31, and 25 cents each June 30 and Sept. 30. Central & Southwest Utilities Corp., $3 on $6 prior lien preferred and $3.50 on $7 prior lien preferred, in arrears, pavable Dec. 20 record | Dec. 4. Draper Corp., special $2 and divi- | dend of 75 cents payable Jan. 4 rec- | ord Dec. 4. On Oct. 1 prior to recent | 25 per cent stock dividend company paid 60 cents a share. Falstaff Brewing Corp. $1.25 on common payable—25 cents cash and $1 in 5 per cent 10-year debenture notes—on Dec. 15 record Dec. 1. Household Finance Corp. extra $1 on common payable Dec. 10 record Dec. 4. Monsanto Chemical Co., special $1 on common payable Dec. 22 record Dec. 1. . : Standard Oil Co. of Ohio, special 50 cents and quarterly 25 cents on common payable Dec. 15 record Nov. 30 vs. 25 cents each on Sept. 15, June 15 and March 15. | United Aircraft Corp. 50 cents | payable Dec. 15 record Dec. 3 Vs. 50 cents July 15.

DIVIDENDS

Brown Rubber Co., Inc. extra 10 cents and regular quarterly 15 cents on common payable Dec. 15 record Dee. 1 vs. like payment Sept. 15. General American Transportation Corp., $2 paysble Dec. 15 record Dec. 2 vs. $1.50 July 1 General Railway Signal Co., 25 cents on common payable Jah. 2 record Dec. 10 vs. like payment Oct. 1. Memphis Natural Gas Co, 30 cents on common payable Dec. 17 record Dec. 7. Company paid previously this year 10 cents May 20 and 20 cents Sept. 10. North American Aviation Co., initial cash of 121: cents payable Dec. 22 record Dec. 10.

U. S. STATEMENT

WASHINGTON, Nov. 23 (U. P.).—Government expenses and receipts or the current fiscal year through Nov. 20, com pared with a year ago: is 408 .$2.970.331,839.03 . Ra) 416,109.17

t Yea 2. Loh S07, 050. 5 1,568,225. 605, 1, 178. a: 444, 78 .450.05

ses

Customs Todav’s Pur.

! stocks, warrants

Slaughter ewes were steady at $3.50 mas

| Barber

| Col Fuel

Allied Mills ... Allied Rores, Allis-Chal oo 38 Am Br Shoe wn 8 Am .. 83

LDC. po... dB AmMsch&Fdy . » Am Metal .. 26

Snuff .... Stl Fdies Stores Sugar T

Tob B Water W . Joven pf.

Am Anaconda ae Armstrong Ck . Atchison Line ....

Auburn Auto .. Aviation Corp .

Bald Loco ct wi Co Barnsdall Bendix Avn Beth Steel . 3eth Steel 7 ‘pf 8

rden Ses 30Tg- Feiner

Byers, A

Callahan Zinc . Calumet & H . Canada Dry ... Cent Foundry Certain-teed ... Ches & Ohio .. ChMStP&P pf . Ch & Nw Ry .. Chrysler “5 Cluett Peab

| Colum Gas

[Cutter grades bulked in the recent | were |

Elec

MORE THAN 2 CENTS

WHEAT FUTURES DIP

‘Corn and Oats Oats Prices Drop | Fractionally in Chicago.

CHICAGO, Nov. 23 (U. P,) —Early signs of strength

[the previous close.

At the end of the first hour wheat was 2: to 23% cents lower, corn was to 3% cent lower, and oats were to 3s cent lower. The market turned nervous after | the opening and while there was no apparent reason for the break pit reports Were that numerous stoploss orders to sell were the underlying cause. Some traders were hesitant over making commitments in anticipation of Congress’ opening move today on the new farm program. Heavy stop-loss selling re- | sulted when a light bear movement began on weakness in security markets. Some reaction in mid-session erased small fractions of the early losses. Corn futures slid off to within | fractions of the season's lows but | there was some buying encouraged | by the day's small carlot receipts, 108 cars. In spite of early selling corn failed to display any particular easiness.

> 1

‘Members Approve Three Amendments

CHICAGO, Nov.. 23 (U. P.).—| Members of the Chicago Board of | | Trade voted overwhelmingly for three amendments up for approval,

| it was announced today.

The amendments were— 1. Prohibition on a noncleaiing member from sharing commissions paid by a nonmember firm or corporation in which he has an interest,

[if such firm or corporation carries

margin accounts for customers. 2. Reduction of brokerage on and subscription ights selling under $1 from the

existing two cents a share to % cent | Bpjt Typ

(a share. For the purchase or sale of bonds the brokerage was made 40 cents per $1000 based on principal rather than on par value, 3. In a rule governing cotton deliveries of a requirement of a receipted freight bill in making a tender was deleted,

ARGENTINE GRAIN BUENOS AIRES, Nov. 23 (U. P.).- Grain futures Spenen irregular. Wheat--Decem-ber, $1.06%, off 3zc. February, $1.01'>, oif Sge. Corn—_December, 663%sc, unchanged, February, 66'4c, unchanged. Oats—Spot, 0c, up ‘2c. Flax November, $1.347s, off 4c; February, $1.24%, off '4e.

LIVERPOOL nN, WHEAT Prev. Low Close Close 2 31.177 §1.19% 1.143% 1.15% 1.14% 1.15

December 1.13%

WAGON WHEAT City grain elevators are paving for No. 2 red. 84c. other grades on their merits. gash ‘corn, new No. 2 4lc. Oats, Cc.

FOOD PRICES

CHICAGO, Nov. 23 (U. P.). — Apples— Michigan McIntosh, [email protected]. Sweet ota toes — Tennessee. bu. hampers, 90c72$ Carrots—Illinois, ATW 356 40c¢. Riedl Virginia, bu., $1. atoes — California, lugs, $2@3. 50. Caulifower—Long Island, crates, $1.40% 1.50. Peas—California, hampers, $2@ 3. Celery— Michigan, square crates, 50% 90¢. Onions _(50-1b. sacks)—TIllinois Yellows, Michigan Yellows, 85c@$1; Minnesota Yellows, $1.10; Washington Valencia, 8tc @$1.05, Colorado Valencias, $1.12'2

~ INDIANA LIVESTOCK LAFAYETTE, Nov. 238 (U.P, Market, 10@15¢c pigher ; 4 140- nn Te $7.80@ 7.90. 170-200 760m "7.70.; $7. ow roughs, $6.75

250 1Ibs., [email protected]; P350- 39% Ibs. 7.30; 100- 140 lbs, $7. '50@ "7. 75. dowh. OCalves—$10.50. Lambs—$8. FT. WAYNE, Nov. 28 (U. P.).—Hogs25¢ higher; 140-160 Ibs, $7.80; 160-180 1bs., $7.70; 180-200 Ibs., $7.60. 200-225 Ibs. AR 225-250 1bs., $7. i 250-275 lbs. : 75-300 Ibs. $7.20; 350 Ibs, HY Ibs, $7.50: 100- 120 Tbs., $7.25: roughs, $6.50; stags, $5.25. Calves—$11.50. Lambs —3$8.50. CHICA Nov. 23 (U, P.).—RHogs-— Receipts, 27,000, includiag 8000 directs; mar ket, strong to 10 cents higher now, $8.05; bulk good and choice 150- 300 er $7.85@8; butchers, 320-360 Ibs., $7.60 7.80. Cattle — Receipts, 10.000; calves, 2000: encral market very slow: steers and yearings, tending lower; few early sales and most, early bids 25 cents or more off; cows and heifers, off: bulls, strong; vealers, unevenly steady to 50 cents off; $10. 50% 11 paid on vealers. $16.50 bid on steers chiped in for Internationa' Show: shortfeds,

vellow,

1 Pur Tnac. Gold $1,937 5¢ $1, 2. 6s. 598. 23

PR ibid X CLEARING HOUSE Ratings 2,794,000 ereEEIRE ALTE TRT ARR RR NN 6,773,000

EN down to $8.50. weighty sausage bulls,

8.5 Sheep — Receipts, 5300, including 100 directs; fat lambs, active op te 25 cents or more higher; early to 2 14 on Westerns, sheep, steady; ewes,

| |

Com Credit Com Inv Tr ... J Com Solvents .. Commonw & So Cons Edison ... Cons Oil Con Textile .... Cont Can Cont Cont Corn Corn

Curtiss Wr Curtiss Wr

Deere & Co Dome Mnes Douglas Ar Du Pont

Auto L .. Elec Pwr&Lt .. El P&L $7 pf.. 43%

17%

20 157%

Fed Dep St Frestone T _. Foster Wheel .. Freept- -Sulphur

Gair Robt

| Gillette S R ...

Glidden Goodrich Goodyear ...... Graham- Paige.

in the Chicago & grain market disappeared before a | 8

| Grevhound Cp. sharp influx of selling which car- | ried prices more than 2 cents below |

| Hudson Motor. . | Hupp Motor ...

Harb-Walk Howe Sound

Ill Central .... Indien Ref .... Ind

FLL

KH GF

AAT IN ANAND ®

Inspiratn Cop . Inter Iron .. Int Int Int Int Int

—

4 yr

Kan C Sou .... Kennecott . Kevstone Stl

L.eh Vai RR . Tihby Mc & L. ~O-F Glass iA & My B. Loews “oh Lorillard

Marine Mid ... Marshall Fld | Mathieson

| McCrory

LL Robb

Motor Whi

Nash-Kelv Nat Biscuit .... Cash Reg . airy ™ Distillers .. Gypsum ... | Rat Pwr & Lt. Steel . Nat Sup Penn Newport Ind . N XY

11% 1s

INVESTING CO. S

Bid Asked] Adm Fds 10.79 Aff ve 14

68K 6.00 3.25|

“

agg AP

14.74] « 2H 13.00 My Ta 3.90 Mas vT1 21. 133 (Mt Tv Md d Ey Naw aT

Nat inv.

3.20 Bos F Ic 13. 4

he EC ht

Broad © a0:87 Bull Pd 11.75 Can Inv 3.25 Cent. Tr 19. 30 Comw 3.11 ny Ss nf 6.25 p Tr Ss 2.08 ch Tr AA 1.99» A 1.99

a ed, ~NS — DI ios mi BU II BOL SHH33BLS =] >»

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. 3.9% Gen _Cap 27.44 Gn Iv Tr 4.20 Group Securities Agri... 1.00

I Bp | ®o3a3se

Hur Op . Inc Invs 1598 ia i Tu 18 Inst] Securities Ltd.: Well . 12.44 Bk Gp 1.13 1.28 Ins Gp 1.19 1.33 i Bank of Manhattan .. Be % Bankers Trust . 48 ank of

Guaranty Irving ‘ah Manutnetupers ational City Bo ork rust Publ Tie SGunrantes

Akad

d Asked 21%

High, 1937, 194.40; low, 114.19, High, 1936, 184.90; low, 143.11, 20 RAILROADS Yesterday A Week ARO +.ovvividissnseness 32.98 Month AO ....vivvvvenensee. 33.33 Year Ago High, 1937, 64.46; low, 29.55, High, 1936, 59.89: low, 10.66, 20 UTILITIES Yesterday Week Agn ...... Month Ago Year Ago High, 1937, 37.54; low, 19.85. High, 1938, 36.08; low, 28.63. 70 STOCKS Yesterday Week Ago .... Month Ago ... Year Ago High, 1937, 60.67; High, 1936, 66.38;

43.57 « 44.28

“resets

Sessa nsenenn

Tow, 39.12, low, 51.20.

silo High

« 11 . 14%

Net Last Change Ohio Oil Autbd Marine

Pac G & El . Packard . Param! Pict Para Pic 2 nf.. Patino Mines Penn R R ve Pfeiffer-Brew . Phelps Dodge .. Phil Morris Phillips Pet Pitts United Pomouth Oil. 1

Public, Serv. Pullm 28!

{

+++ FHF) + at’ y Ca J r= Oe WA ee ®

Rem-Rand Reo Mot ....... Republic Stl Reyn Met “5 Revn Tob B... Roan-Antel ... Richfield Oil ..

Safeway ..... St Jos Lead.... Schulte R ...... Seahd Air L Sears Roebuck. . Servel Inc... Sharon 8 H.. Shell Un Oil.

J an K tt jt SY am ed aa faa

Socony Yo Tih So Cal Ed South Pac South Ry South Ry AR Sperry-Corp ... Spiegel Inc . a D-B Std Brands Std G & E Std G & E Std Std Std Std Oil N Stew-War Stone & Web .. Studebaker superhtr ...... Svming-Gould .

BS me AIRT tet eT AID EID TING

awd

— tn 13 pe DIDI Dr TDA ND

nD “

. 383,

291,

Texas Corp . Tex Gulf Prod Tex 'G Sul

LOCAL ISSUES

(Bv Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offering. but merely indicate the approximate market level based on buying and selling inquiries or recent transactions

BONDS

Citz Tnd Tel (TH) 4'4s 61.... H Tel & Tel Ft W 52s 55.. H Tel & Tel Ft W Bs 43. Ind Asso Tel 5's 65 .... Indiana Tel Co 5s 60 Ind Railwav Inc 5s 67 Interstate Tel & Tel 5l.5 54.. Indpls Water Co 3':8 66 Kokomo Water Works 5: 58 Morris 5&10c Stores 5s 50 Muncie Water Works 5s Noblesville H L & P Ohio Tel Serv Bs ". Pub Tel 44s 55 . Richmond W W 5s es Seymour Water i 5s 4... 101 TH Trac & L 5s 44 T H Water Works 5s 56......10 T H Water Works 6s 49 T H Water Works 6s 49 Trac Term Co 5s 57

STOCKS

Belt RR St Yds com Belt RR St Yds pfd Cent Ind Pwr 77 pfd Home T&T Ft W 77% Hook Drug Inc com Ind & Mich E Ind Gen Serv Co Ind Hydro Elec 77 pfd Indpls Gas Co com Indpls Pwr & Lt pfd 67% "™ Tndpls Pwr & Lt pfd 6'27,.... B4 Indpls Water Co pfd 57% a Lincoln Nat] Life Ins Co com P Mallory com . Ind Pub Serv Co ‘fd Bin A Ind Pub Serv rq LI “ru N Ind Pub Serv Co pfd 7%... Pub Serv of Ind pfd % Pub Serv of Tnd 77 Progress Laundry Co com... Smith Alsop P&V pfd ....... Smith Alsop P&V com ....... Terre Haute Elec Co 67. Union Title Co com Van Camp ilk Co pfd ...... 52 Van Camp Milk Co com. M. P. Crist & Co.) Investing Corn....21.45

251% 33

3% . 29 207,

d Asked z 103

5 11%

(By Market St 22.80

20th Qent- Fox .

Union B & P . Union Carb Un Pacific tin Pank ... " Un Aircraft Cp. Un Air Lines .. United Corp

Vanadium

Waldorf Sys ... Ward Bak B .. Warner Bros. Warren Br va Wayne Pump .. West Union .. West Air Bke.. Westing El ... White 8S S Dent Wilson & Woolworth Worthing pf B Wortg Pr pf ¢'2

Tr ves Sheet, ..

N.Y.

Yellow Young

Bonds

By United Press BOND PRICE INDEXES

20 Indus,

Yesterday Week ago ..... Month ago .... Year ago Two years ago. 193% 1937 1936 1936 1935 1935 (Copyright,

193%,

NEW opened lower.

Allis Chal 4x Argentine 4';x Chi w hi N

3 84. 94. 91. 95. A 91. . 90.

Standard

YORK. Nov,

20 Util. 94.5 95.5 94.0 106.1 103.0 106.0 2.3 106.2 103.5 103.6 93.1 0.3 83.0 Statisties Co.)

60 Bonds 22.0 84.0 85.0 99.5 91.8 100.5 82.0 100.2 93.3

20 Rails 70.2 73.0 1 1 2

8 0

23 (U. P.).—Bonds

Net Open Change 01 =

Interlake 4s ..... ou vcvdnnaen

Peru 6s '6l1 Phelps Dodge "Bias

Curb Stocks

By United Press

NEW YORK, N

ov. 23 (U. P.).—Curb

stocks opened irregular.

Am Lt & Tr

Net Open Change D1 .

UNITED ARTISTS CO. SALES INCREASE

United Artists

greatest year in ing to George

5 is witnessing the its history, accordJ. Schaefer, vice

president and general manager of

distribution. business for

previous creased previous period.

FOREIGN E

RK, Nov

Played and earned the first 11 weeks of the 1937-38 season shows an crease of 131 per season. 115 per

inthe inthe

cent, over Sales have cent over

EXCHANGE

23 (U.P.).—Noon for-

er LR AL frregular

England (pound) Pngland (60-day rate) . Canada (dollar) France (franc) Italy (lire) Belgium Germany Germany (trv mrk Switzerland (franc Holland fguilder) Spain (peseta) Sweden (krona) orwayv (krone) Denmark (krone) Australia (pound) Austria (shilling) Czechoslovakia (koruna) Finland (markka) Greece (drachma) Jugoslavia New Zealand (lb) Poland (Zloty) . Portugal Rumania (leu) Argentina (ofl peso Argentina (unof pes Brazil (milreis) Chile (peso) Japan (ven)

(mark)

bill

thelga) “a

able Rates 8 00 9

. 499 13.18 1.00 3-18 0340

Net Change .00 1-18 1.00 1-18 “0000s 00007 000014

) )

(dinar) .

(escudo) .

at once. tants. trade pact of Mr. Secretary Hull. This is the crowning feature of Mr. Hull's long and persistent drive for reciprocal trade agreements with various countries. But this promises to be an agreement on a far greater scale than any yet made. And it promises to affect so many industries and interests in this country that a concerted, indignant and violent battle on it is certain when it matures—a battle which may well get in the way of all other battles and be a barrier to legislative action as the court fight was. Mr. Hull wants to break down our tariff barriers. This is his method of doing it. England wants to get into our markets and also wants to establish some more inti mate trade ties with us for reasons of her own.

But Mr. Hull cannot open our tariff gates to English products without producing a bitter outery from those domestic products which

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

will be affected. This by itself will be sufficient to start a major fight. But some of the grounds which will be used to support the proposed pact and some of the things which crit ies will see in it will add to the virulence of the attack.

It is the proposed British @

By JOHN T. FLYNN Times Special Writer NEW YORK, Nov. 23.—It begins to look as if Congress and Washington are on the eve of another issue which may well produce as bitter and hectic a battle as the Supreme Court issue did. And it is nowhere discernable as one of the immediate irri-

Proposed Trade Agreement Will Only Help Britain, Flynn Asserts

It may not come

tariff walls

another

throng of |

groups who will resist to the death

any sort of trade or a possible war.

There seems

ententes—cultural, | diplomatic—built around

to be little doubt

.|Union and Individual Rites

| Union Congregational,

that the State Department is deep= ly moved by this consideration. If this country is to be mixed up in any sort of entente in connection with any set of existing European quarrels, ought not the American people be very fully canvassed on the subject? Because these are the points at which war starts, not when the time for an actual declaration takes places, There is another aspect which is disconcerting. It is the utter futility of the hope that something can be done about breaking down world trade barriers. Perhaps this might be a good thing and may one day come. But it will never come through deliberate action. The economies of almost every country are now built on the nationalist idea—the capitalist, the socialist

Car thy, Christian, Home Presbyre

Scheduled Tomorrow And Thursday.

Churches throughout the city will join tomorrow night and Thursday morning in Thanksgiving services. Tomorrow night the congregations of 24 churches are to hold union services in 10 churches. Four churches also are holding individual meetings. Thanksgiving morning 13 union services are to be held in addition to 11 individual services. The schedule:

UNION SERVICES TOMORROW Bellaire District NORTH BAPTIST 7.45 p. m by the Rev. Charles M. Fillmore, Ninth Sireet Christian Church astor, Churches cooperating: Bellaire Methodist, Forfv-Ninth Street Christian and North

Baptist, Rrichiwood District

BRIGHTWOOD METHODIST 7:30 bp m Sermon by the Rev. Clive McGuire, executive secretary, Indianapolis Baptist Association Churches co-operating: Calvary Baptist and ightwood Methodist HILLSIDE RI AN. 30 op. oe Sermon by the R L. C. Murr, RooseveltTemple Methodist Chiireh pastor. Churches co-operating: Roosevelt-Temple Methodict and Hillside Christian University Heights District VERS HEIGHTS CRN: 7:30 p. m.—Sermon by the Rev. R. Turley, University Heights United Broth. ren Church pastor. Churches co-operating; Madison Avenue Methodist niversity Heights United Brethren and University Heights Christian, Riverside District UNITY METHODIST PROTESTANT 7:30 p. m.—Sermon hy the Rev. J. Ray Stanton, pastor. Churhches co-operating: Riverside Methodist and Unity Methodist Protestant. South Side District Sec OND REFORMED -8 p. m.—S8ermon v W. CC. Nelson, Immanuel ReRH, Church bastor, Churches co- -operating. Immanuel and Second Reformed. West Side District WEST I SHING TON STREET oe TH ODIST 30 m Sermon by John B. Ferguson, Dr vINRLOn heise Church pastor, Churches co-operating: Washington Presbyterian, West Park Christian and West Washington Street Methodist, Central District SUTHERLAND PR ESBY IRIAN, 7:45 p. Sermon by the Rev . C. McCrory, United Pret Church pasChurches co-operating: Second Moravian. Broadway Baptist. First United Presbyterian, Central Baptist, Second Moravian and Sutherland Presbyterian.

INDIVIDUAL SERVICES TOMORROW BROADWAY METHODIST--7:30 Sermon by ie Rev, Elmer L. assistant pas FRTEDENS EVANGELICAL 7:45 Sermon by the Rev, Robert C. pasto

—Sermon Forty-

Hy =o arvey, p. m— Kuebler, GETHSEMANE LUTHERAN 7:30 p.m Sermon by the Rev, Jahn Albert, Pt ST. JOHN'S EVANGELICAL 45 Sermon by the Rev, Ernst A. Plepenbrok. pastor UNION SERVICES THURSDAY Central SEL

THIRD CHRISTIAN m by the Rev. Errol T. Pinte "Pirst Friends Church pastor. Churches co-operating Memorial Presbyterian, First Friends, First United Brethren, First Congregational. First Moravian, 8t. Paul's Evangelical and Third Christian MERIDIAN STREET METHOD®T 9 a m —Sermon by the Rev C, Bonnell, Merritt Place Methodist Chitrch pastor. Churches co-operating: First Baptist, Pirst Evangelical, Merritt Place Methodist, New Jersey Street Methodist, Second Presbyterian, Central Christian, Roberts Park Methodist and Meridian Street Methodist ALL SOULS UNITARIAN-10:30 a. m — Address by Rabbi David Jacobson, assistant rabbi, Indianapolis Hebrew Temple Churches co-operating: Central Universalist Hebrew. Temple and All Souls Uniarian. CHRIST EPISCOPAL —10:30 a. m —Sermon by Bishop Joseph M. Francis. Joint service of all Episcopal Churches of In-

dianapolis, North District

NORTH METHODIST 8:30 a. m.—Sermon bv the Rev. Virgil D. Ragan, Fairview Presbyterian Church pastor, Churches co-operating: Capitol Avenue Methodist, Grace Church of the Brethren, Northwood Christian, Piftv-First Street Methodist. Meridian Heights Presbyterian, Broadway Evangelical, Carrollton Avenue Reformed, Bethlehem Lutheran, University Park Christian, North Methodist, Fairview Presbyterian, Broad Ripple Christian and Broad Ripple Methodist East Nide Counefl CENTENARY CHRISTIAN-9 a Sermon by the Rev. G. A, Smith, Bast Park Methodist Church pastor. Churches co-operating: East Tenth Street Methodist, First Reformed, Beville Avenue Evangelical, First Nazarene, Brookside United Brethren, Centenary Christian, Heath Memorial Methodist, First Free Methodixt, Woodruff United Presbyterian, Westminster Presbyterian. Wood AL RY Baptist and East Park Method Tuxedo a TUXEDO PARK BAPTIST—8 a. m — Sunrise prayer meeting, sermon bv the Rev. Harry G. Rowe, Emerson Avene Baptist Church pastor, Churches co-oper-ating: Wallace Street Preshyterian, Grace Methodist. Emerson Avenue Baptist, Linwood Christian and Tuxedo Park Baptist, Trvington District TRVINGTON METHODIST. I Sermon hy Dr. C. . na Downey Avenue Christian Chiten sup: pastor. Churches co-operating: St, Matt ow 's Epis. copal, Downey Avenue Christian, Tryin ton Presbyterian and Irvington Method-

ist. South Side District SEVENTH PRESBYTERIAN—11 a m Sermon by the Rev, Harry Lince, Emanuel Baptist Church ANON uacites co-oper-ating: Edwin ay Methodist, Emanuel Bapfist and Seventh Presbyterian, Garfield Park District GARFIELD PARK Pm Sermon hy e ev. Bethany Lutheran Ghyréh co-operating: Garfield Christian, Shelby Street Methodist, Benny Chrispan, ‘Bethany Lutheran and Garfield Park aptist,

-Sermon

a m-—

8:30 a. m 3 Lather Seng. aster, Churches

West Indianapolis

WEST MORRIS STREET CHR AN . m-Sermon hy the Rev, Lemuel . Blaine Avenue Methodist Chtireh Churches _ co-operating: Secon riends, Westview Baptist, Belmont United Brethren, Second Free Methodist, Blaine Avenue Methodist ahd West Morris Street | Christian, TRINITY METHODIST 10 a. m.-—Ser-mon by the Rev. G. D. Billeisen, River Avenue Baptist Church pastor. Churches co-operating: Ray Street Nazarene, River Avenue Baptist and Trinity Methodist, Ben Davie Distriet LYNDHURST BS: 30 Sermon by the Rev. Arthur R. Miils, Garden City Christian Church pastor. Churches _ co-operating: Garden City Christian, Fleming Garden Christian. Ben Davis Christian, Ben Davis Methodist and Lyndhurst Baptist. West Michigan District WEST MICHIGAN METHODIST 7:30 a, m.—8ermon by the Rev, Everett Atkinson, West Side Nazarene Church __ pasto Churches co-operatin Eighth Christian. Memorial Baptist, peedwayv ethodist, Side Nazarene and West Michigan Methodi Northwest District NORTH SIDE CHURCH OF GOD - Sermon by the Rev, Robert b. | c Thirtv-First Street Rabbis Church Churches, co- ope rat ne Seventh erian orth Bide Methodis: Thirty -Pirst orth Bide Church of

INDIVIDUAL SERVICER THURSDAY

CENTRAL AVENUE METHODIST—10 a. m zermon by Dr. Guy Carpenter, pastor, 7:15 a. m.—Young People's Serv-

ce. ZION A RL Lf a. m.—Sert by _the Rey, RB Doi Hes: Paster. on ~10:30 a.

est Street

m pastor

Paul and

Nazarene, St Street Baptist God

and the fascist countries are alike in this. Mr. Hull may make a little scratch on the surface of this hard shell but he will never do more than that. It will take a world catastro-

: PRET PRESBY TERIA FIDELITY INVESTMENT ASSOCIATION

phe to do it. result

in tightening

And even that may

the barriers

A great deal of pious nonsense rather than weakening them,

is being used in connection with this proposal. We are told the great English-speaking peoples must come closer together in trade. Also we are told the great democracies of the world must establish closer relations, This will add to the throng of interests = opposed to weakening

I$) FILES

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Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks General Market Securities

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129 EAST MARKE)] STREET

$13,000,000 SPENDING POWER

Couldn’t Issue Invitations Because of Lack of Auditorium

Is Contention; Organization Renews Drive to Get Adequate Coliseum Here.

Conventions which would have brought $13,000,000 in new money to the city “were not invited to Indianapolis

Mayor Boetcher recently |

time with an increased levy

due to inadequate auditorium facilities,” and Publicity Bureau coliseum committee said today in announcing it would continue its drive for a downtown munici-

pal auditorium. &

| |

said that “although an auditorium 18 desirable, 1 will not | { part of host cities as a contribution to permit Indianapolis taxpay-|w ers to be burdened at this | with the proper facilities are so or-

the Convention

With possible exceptions of the two major political conventions, which call for raising of large sums on the

party funds, the large meetings hich Indianapolis hopes to gain

| ganized that very little if any help | 15 expected from the community,

to erect or rent and maintain | Many trade associations, and pro-

one.

The Mayor said he reached the! decision not to sanction building

fessional and educational organizations as well, finance their conven=tions entirely with trade shows and

of a coliseum during his I | in Indianapolis today.

tion after a survey showed several cities “operated auditoriums at a loss.”

Convention Bureau committee members, William H. Wells, Bureau president; Frank R. Weaver, Clarence E. Crippen, Mark R. Gray and Henry T. Davis, Bureau secretarymanager, issued the following state- | ment today:

“In spite of opinions which have | been expressed to the contrary, Tndianapolis does lack adequate facilities to take care of the larger and therefore more profitable national and international conventions and frade shows,

Others Get Business

“No one can appreciate this situation as can the Indianapolis Convention and Publiciay Bureau, which is forced to sit back and see other cities—no larger, no more desirable as convention centers, not nearly as well located—walk away with millions of dollars worth of new business which we are not in a position to solicit. “The information is in our files | under the heading ‘can’t be in-| vited—inadequate facilities.’ «+ We have had to eliminate from our prospect list convention business which would have brought into the city more than $13.000,000 in new money. “Indianapolis has some important conventions in the last few years, to be sure. But could we get them today? Tt is significant that these great gatherings—National Conference of So= cial Work, Kiwanis International, the coming American Association for the Advancement of Science— were obtained in competition with cities which have built municipal auditoriums within the last five vears. These cities include St. Louis, Kansas City, Grand Rapids, Paul, Minneapolis, Houston Philadelphia.

Auditoriums Built

“Practically all cities in the country with which Indianapolis is in active competition for prize conventions have built their auditoriums. The Bureau has made a detailed, comprehensive survey of these projects and information is tabulated and filed at the office. “Tt brings out that the few coliseums which have not paid operatling expenses are either poorly located, far from the downtown district, or have not the proper diversity of facilities or were too expensively built. “The Burean advocates the building of a coliseum in the downtown area at a cost and with available facilities to assure sufficient income from rentals to pay interest and operating expenses without additional cost to the taxpayers. This has been done in other cities and can be done here, In a way, the very slowness of Indianapolis 16 build an adequate convention hall reacts to our advantage for we may be guided by the experiences and mistakes of other cities.

Denies Financial Burden

“It is definitely not true, as has been said, that large conventions are a financial burden to the city,

and

A Tra

Sermon _by Dr, YTERIA

TABERNACLE m = oh by Ambrose Dunkel pastor ST. Res LUTHE oy ? mon by the Rev. R. on n V1 MENON TAL ‘er FROTEST ay TR m.—Sermon . The Rev era more OUB MEMORI PRESBYTERIAN a. Boron by Mrs. Tsaac VanDerMosie

FLETCHER gd METHODIST 9:30 a ms Holy Comm n Service. oR Era) ommunion ce i VENT ISCOPAL 9 =. Communion og the bev

Southyorth NITED LUTHERAN —

Sermon’ wr Rev, Arthur pastor.

Frlh 7, Sue

Dr.

ons

A. mm. — Holy

m. Helv George B

m= Mahr,

Rn. %.

entertained |

St. |

m.— Bers |

| |

| England.” meeting in the Propylaeum.

| concluding

“Indianapolis has definite need of an auditorium, furthermore, as a civic center for local enterprises, in order that our citizens may have the advantages of the best in musical and other cultural influences; that it may be able to handle large | sporting events and accommodate | mass meetings of educational, civic | and religious character.’

PURITAN TRADITION URGED FOR NATION

Dr. Theodore G. Gronert, Wabash College history professor, told members of the Mayflower Society last, night that the nation would “have no cause to fear if its leaders live up to the (raditions of the Pilrims and Puritans of early New He spoke at a dinner-

influence of the in=fellectual and moral force of the New Englanders, Dr. Gronert said that the ‘religious and educational institutions of the Middle West are a heritage from the New ‘England of | Bradford and Winthrop.” Halford Wright Howland, direct descendant of John Howland. 13th signer of the Mayflower compact, wdas installed as governor of the organization. George S. Southworth, retiring governor, and Mrs, Southworth ware assisted in the reception, which preceded the dinner, by past governors and their wives,

Tracing the

METHODISTS TO END

CHILD TRAINING MEET

Mrs, George Gannon was {6 continue her lecture series in today's session of the State Methodist Children Workers Insti tute in the Y. W. C. A Principal speakers on yesterday's program were Dr. E. R. Bartlett, De= Pauw University, and Miss Mary Alice Jones, Tnternational Council of Religious Education Other speakers yesterday were Dr. Alfred H. Backus, state director of Christian education for the Methodist Episcopal State Council; Dr. W. R. Jewell, Baptist Church Christian educational director; Mrs. Gannon, the Rev, W. C, Calvert and Mrs. C. A. McPheeters.

STANDARD OIL CHIEF DIES ABOARD LINER

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