Indianapolis Times, Indianapolis, Marion County, 29 November 1937 — Page 8

PAGE 8

STOCKS DECLI LIGHT VOLU BOND ISSUES EASE

F. D. R.'s Speech Fails To Encourage Buyers.

NEW YORK, Jov. 29 (U. | P.).—Stocks eased in hight trading during the morning dealings today making mo response to President Roosevelt’s message outlining a oiant housing program to be financed hy private capital. Scattered profit-taking developed in domestic bonds today, reducing apening gains by fractions 10 A point before fresh support was attracted Stock

angling

prices showed recessions to two points from Saturdav's close. Most of the leaders were slightly above the lows but isiness was light and there was disposition to follow recoveries where they occurred. U. S. Steel was at the early afternoon. Previously had ranged between 54 and Chrysler was atgd77s. off 1143 General Motors, 357, off 1'<; Consolidated Edison 27'. off Sears Roebuck 55':, off 1':; Texas Corp. 381:, off 1° Loew's 49%. off 13 Atchison 37 New York Cenand Kennecott

541;, off 14,

Sg off 1 tral 18%. off 345, off

LUMBER ACTIVITY DROPS 45 PER CENT

| mostly | $6.75. ($11 to $11.50 for good to choice of-

| sheephouse,

All tems Decline From Preceding Weeks.

Py ac-

WASHINGTON. Nov. 29 (U. The downward trend in lumber tivity continued in the week ended

Nov. 20, production falling to 53 per cent and shipments to 45 per cent of the 1929 weekly averages. the Re- | pocturers Association showed today. All items declined from the pre- | ceding and the corresponding 1936 | weeks, The 543 mills reporting. 4 per cent than the 556 a week earlier, had output of 181.580.000 feet of hard- | woods and softwoods combined, a decrease of 3 per cent from the preceding week's figure of 186,618,000 feet Shipments aggregated 149.058.000 | feet, against 151.610.000 feet a week | earlier, a decline of 2 per cent, while | new business at 141.187.000 feet rep- | resented a decline of 4 per cent from | the preceding week's total of 147,026. 900 | feet,

less

Today's Business At a Glance

GENERAL BUSINESS |

American Bureau of Metal Sta-| istics reports October world zinc out- | put 162.322 tons. vs. 151.357 in September and 145123 year ago: 10 months 1.530.680, vs. 1,202,127 year ago; U. October output 52.645 tons, vs. 50.027 in September; first | 10 months 488.752. American Bureau of Metal Statistics reports October world refined | lead output 164.659 tons, vs. 159.032 in September: first 10 months 1.553,040 tons: U. S. October output 45 - 112 tons. vs. 37.989 in September; 10 | months 407.093.

CORPORATION NEWS

Memphis Power & Light Co.. months ended Oct. 31 net £1.,507.738, vs. $1,337,539 previous 12 months. Mountain State Power months ended Aug. 31 net $270.925, vs. $218540 previous months. Stone & Webster, Inc.. 12 months ended Sept. 30 consolidated net income $2273.027, equal to $1.08 a share, vs, $1,775,225 or 84 cents pre- | vious 12 montis; September quar- | ter $921.431 or 44 cents, vs. $715,623 | or 34 cents year ago. Texas Power & Light Co. months ended Oct. 31 net income | $2.148.197, vs. $2,353.284 previous 12 | months. Transcontinental & Western Air, | Inc.. September quarter net loss $63.689. vs. net income $132.058 equal |! to 21 cents a share year ago. York Ice Machinery Corp. 12 months ended Sept. 30 preliminary net income $970.057, vs. $165,586 previous 12 months. El Paso Natural Gas Co. and subsidiaries 12 months ended Oct. 31 net income $1759,174 equal to $281 a common share vs. $905.116 or $140 on same basis previous 12 months: October net $193,016 vs. $101,972 year ago.

DIVIDENDS

Grand Rapids Varnish Corp., regular quarterly 25 cents on common, payable Dec. 31. record Dec. 10. Reed Roller Bit Co.. extra 50 cents and regular comin, pavable Dec. 24, record | 14, vs. like extra previous quar-

o oS

| 12

Co. 12 income | 12 |

Pree Acme Wire Co. extra $1 on voting trust certificates common payable Dec. 12 record Nov. 30 vs. $1 diviand declared Oct. 22 payable Nov. 15. Gorham Manufacturing Co. 50 cents on common payable Dec. 15, record Dec. 1 vs. 50 cents each in June, September and November and 25 cents March 15. Lawrence Portland Cement Co, $1 payable Dec. 15. record Dec. 4. National Acme Co. 50 cents on ccmmon payable Dec. 20, record Dec. 10 vs. 25 cents Nov. 15. (Copyright. 1937. by | bv United Press)

FOOD PRICES

CHICAGO, Nov. 29 (U. P.), — Apples— Michigan McIntosh, [email protected]. Sweet Potatoes -- Tennessee, bu. hampers, #5c@$l. Carrots—Illinois, bu., 35@50c. SpinachIllinois, bu., 75c@s$l. 25. Tomatoes—Texas, Jugs. $4. Cauliflower—Long Island, crates, $1@ 1.25. Peas California, hampers, $2@ 3.10. Celery-—-Michigan, square crates. 40 @ 75¢c. Onions (50-1b. sacks) Illinois, Indiana, Michigan Yellows, 90c@$1.10; Coclorado Valencias, $1.10: Washington Valencias, $1.05; Iowa Yellows, $1.12%.

| Good

mcecome | Cow

12 | $8

| ®

quarterly 20 cents on |

EIN E AS

——

Porker Prices Gain 10 Cents To § 38.7. 75 Top

Light receipts locally and ardund the market circle sent hog prices up | 10 cents in the local yards today, according to the Bureau of Agricaltur- | | Beonomics. Fat sow prices gained 95 cents. Top moved to $8.75 on choice 140 to 180-pound butchers Premium sales were 5 to 10 oents above the schodule. Fat sows sold from $7 to $8 Buvers found very little awaiting them in the steer pens this morning | to warrant any lengthy discussion, a scattering of plain lightweight steers valued for the most part at $7.50 and under comprising the dis- | play. Most interest centered on sev- | mal loads of plan and medium heifers, opening sales of which looked firm against late last week, but the heifer trade was genarally | slowed by sharply higher asking prices. Most offerings were of a $6.50 to $7.50 description, one load good around 8§50-pound shortfeds | going to local killers at $8.50. With | oily & moderate porvion »f the crop comprising cows, all interests vied | for numbers and an active and strong trade resulted. Cutter low

[grade beef cows predominated at |

$5.50 down to around $3.50. Good beef cows were practically lacking. | Rulls were scarce and unchanged ut | $6.50 and below, oda head, Vealers held unchanged at

ferings, others downward (0 as low | as $6. Fed

lambs predominated in the approximately seven double decks being divided among | shippers and local killers who absorbed the offerings at steady prices or $9.75 straignt. Native offerings vielded 25 cents to ‘Yop at $9.50.

Receipts 3500

Light Lights. 1140-160) Good Laght wel nes 60-180) Good 180 2001 Good (200-220) Good 1220-250) Good Heavvweights 1250-23801 Good 1290-350) Good Packing Sows 1275-350" Good 1350-425 Good 1425-550) Good ‘hua a 1275-550 Medium Slaughter Pig: (100-140)

8.55@

8.60@ 8.680 8.80% B.50@

R 45m 8.35%

choice. .

choice. . i choice . choice . choice. .

Drm

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choice . choice...

a> Dw

— wn

5 ny 50

233

83 7

wn SOO

10a 0 5

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CATTLE

ox wa

| Beech-N PRR. .

| Chi Pneu T | Chi RIRP

WHEAT RECOVERS

THE INDIANAPOLIS TIMES

NEW YORK S1 OCKS

By United Press

_ a High | Aires i TO ress: oy . 3 [ Air Retr ns Sh Alain ea . Ja Alle o AIOE ot $50 w ws Alleg roel ‘ 2 Allied Chem .. 9 ey

Allied Stores «58 . 38'% . BE,

‘a Allis-Chal Amerada . or Shoe .

BAS PATE D 7

ED iva

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FEF EEE Fy

| Am Ice Am Inter

sd & S Roll Will .. Seating Smelt “ 3 il - & 1 | Am

Am Wnt

Am Zine Anaconda Amour TH Armstrong Ok Atchison “ 3 Atl Refining ... Auburn Auto...

| Am Am Am Am Am

<i WEFT O

Bold Loco ct wi Be Balt & Ohio Barber Co

Barnsdall

: |

Ly pd kh

12) . AY . I a A . 13% 50 IR - San 13

Beld Hem Rendix Avh Beth Steel Blaw-Knox Boeing Air Borden Borg-Warner Bagept Brass. 8° Mfg ..

—

al |

8. RIB IH AK JIB FF ONES

Iw 0 3 NA

. | Budd | Burlington M Burroughs . Butler Bros ...

Cal Packing Callahan Zine Calumet & Can Pacific | Capit Adm Celanese

A 2 8% . 20% 2 " Celotex BY J ) Su Cent Foundry 4 3 Cerro de Pasco. 40 Certain-teed Bi Ches Corp Ches & Ohid Chic EB Li pf Chi Gt Rv pf Ch & New RY

| a |W RY, 55% 2

12% spt. 2% Chrysler . 33% City IRF Cleve Graph Br | Climax Moly Co ve | Coca Cola _.... 114» Colgate hy P we YOY Col & 28 Col pS Tron 1»

FROM EARLY DROP

Mills Take Advantage of Lower Grain Prices.

CHICAGO, Nov. 28 (U, P)-—

covering and mill buying.

was i cent lower to 3 cent highor. corn was '« to 4 cent lower, and oats were 's cent lower to 's cent higher.

Receipts, 1000

10.50@ 14.90 T.95@12 50 |

(550-900)

C (900-1100)

| (1100-1300)

M 11300-1500)

Heifers Choice Good Common Good and choice . ........ Common. medium. 35.25@

(550-750) [email protected] 8.75

{ {

750-800) “> 75 5

.00 0

Good “hv ana Common, mediam Low cutter and cutter Bulls thee) common and medium. Vealers - Receints, Good and choice Medium Cull and common

Cutter,

500

(250-500) Good and choice . Common, medium Feeder and Stocker Cattle Steers (500-800) Good and choice . mmon, medium

Co (800-1050) Good and choice . Common, medium.

1.00@ 525% 7.00 5.50@

13 >

“SID a9» 3

Hellers— Good and choice Common and medium

Do aw 2 ow

~~ on -3

Good Common and medinm

SHEEP AND LAMBS — Receipts, 3000

50 |

Lambs— Choice

.50@ 2.00

We Pa Hogs

Good and choice . Common, medium.

CHICAGO, Nov. 29 ceipts. 21,000, incinding 7000 directs; Ket. 35 to 45 cents higher than Friday's average: top, $8.65; few selected hogs held higher: bulk good ‘and choice 150-240 Ibs., £8.45 8.60; 200-300 Ibs.” $8.35@ B55: most packing sows, $7.50@ 7.85; lightweights to

Cattle —Receipts, 19.000; calves, 2500; r.ot much done; excessive supply short-led steers and heifers here; undertone 25 cents lower but warmea up steers at $9 down, comparatively scarce: shipper demand moderate; most commercial steers, $12 | down: some $13/@ 13.50 and few loads Internavonal Show rejects carried from last eek: $15@ 16.60: grassy and short-fed heifers, ny to 25 cents lower; beef cows | showing decline; cutter cowxs weak, heifers in excessive supply: bulls, 10 to 15 cents higher at $6.95 down: vealers, steady, | $10.50 down: selects, $11, Sheep--Receipts, 16.000. including 300 directs: fat lambs in fairly broad demand: opening steady, asking higher: good to choice natives and {ed Westerns, $9.50@ 9 75. choice, $9.85@10 and above: sheep, steady: ewes, $4@ 5, feeding Bimbs scarce, few, $7.75 FT. WAYNE, Nov. 29 (U. : $ Prices 15 to 20 cents higher; 140-160 lbs. $8.70: 160-180 Ibs., $8.60; 180-200 1bs., $8.50; 200-225 Ids, $8.40: 225-250 lbs. $8.30: 2502 . $8.20: 275-300 ig $8. 10: 300-350 : 120-140 Ibs, $8.4 100-120 Ibs, roughs, $7.25; Bi "$6.25. Calves. $11.50 Lambs, $9.25.

CHICAGO PRODUCE

Eggs--Market, steady: receipts, 2046 cases; fresh graded firsts, cars, 24c: less than carlots, 24c: extra firsts, cars. 25c: | less than carlots. 25¢: storage checks, 19¢: storage dirties, 16c. fresh checks, 16c: re- | frigerator extras, 19c¢: refrigerator Arsts, | 52 refrigerator standards, 18',c tter- Market, steady: receipts. 4242 Moa extra firsts (90-917: score). 36m | Bane. extras (92 score), 38':c: firsts, 32', fm 33'>c: seconds. 29@31':xc: specials, 39@ 39'2c, standards. . 36c, centralized (89 32sec.

es -175) 390

Re- |

P.\.- Hogs

score’). 33'ac: centralized (88 score), Poultry-—Market, steady: receipts, 1 car, 9 trucks; ducks, 16@19c: c; spring chickens, 19@22';c: . 18@ 191.c; roosters, 144 15c: broilers, 14@15c; turkeys, 15@22c; Leghorn hens, 14':c, Cheese Twins, 19@19V,c: daisies. 19% @19'.c: longhorns, 19':@19'.c. Potatoes Supplies, liberal: demand, slow: market, dull: Idaho Russet Burbanks, [email protected]; U, S. No. 2, [email protected]; Colorado Red McClures. $1.37'2/@ 1.50: North Dakota Cobblers, $1.10401.15: Norih Dakota Early Ohios. $1.15; LT Cobblers, $1@ 1.10: Minnesota Early Ohios. [email protected]; Wisconsin Round Whites, US. Commercials, £1; Michigan Russet Rurals, $1.15. Arrivals, 114; on track. 344; shipments, 633 diy 14 Sundav.

See Final Edition of the Times

for

Closing Stock Quotations and Other Late News

0 | | shorts began to cover.

mer- |

Mills began to take advantage of | the lower wheat prices today and | under the leadership of such buying | exporters came into the market and Export quarters reported week-end indications of a small export business, Receipts | were 18 cars. Corn prices remained practically unchanged from the opening levels. Except for changing operations between December and May futures trading was slow. Receipts were 318 cars,

WAGON WHEAT City grain elevators are paving for No. 2 red. 82¢: other grades on their merits, Dash corn. new No. 2 yellow, 4lc, Oats, 2%.

ARGENTINE GRAIN RUENOS AIRES, Nov, 28 (U. P.) Grain futures opened frm. Wheat December, $101':. off 7xc: February, 97%c, off lc Corn December, 68's¢c. unchanged: February. 653c, Oats—-Spot, 28'5¢, unchanged. Ma . February, $1.22',, unchanged. March, $1.22%. unchanged.

LIVERPOOL. WHEAT Close

DAILY hE o INDEX

NEW YORK, Nov. 20 (U, P) — {Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930|1€32 average 100). [Saturday | Week ago | \onth BRO cuevuse |Y ear ago 1937 high (April 5) 1637 low (Nov. 23)

LOCAL ISSU UES

(Bv Indianapolis Bond & Share Corp.) The tollowing 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 Ind Tel (TH) 44s 61. H Tel Tel Rt W 3 58.2 H Tel & Tel Ft W 6s Ind Asso Tel 5'zs 65 ' Indiana Tel Co Ss o®. . .- Ind Railway Inc 5s “- Interstate Tel & Tel Suis ‘54. 29 . .

117.07 117.18 122.17 134.60 158.26

cesses rr ener

Peer

Bia Asked

Noblesville H L Ohio Tel Serv 6s 47 Pub Tel 4'5s5 55 Richmond W W 55 §7 Seymour Water Co 5s 49 T H Trac & L 5s 44 H Water Works 5s 56

Trac Term Co 5 STOCKS Belt RR St Yds com Belt RR St Yds pnfd Cent Ind Pwr 3 pfd Home T&T Ft W 7% pid. . Hook Drug Inc com Ind & Mich E 7% Ind Gen Serv Co .. Ind Hydro Elec 77 ‘ptd Indpls Gas Co com Indpls Pwr & Lt pfd 6°. ... Indpls Pwr & Lt pfd 6':7... Indpls Water Co nfd 57 Lincoln Natl Life Ins Co com P Mallory com N Ind Pub Serv os oH 812%. N Ind Pub Serv & no N Ind Pub Serv ole "1% Pub Serv of Ind iA

Pub Serv of Ind Progress Laundry o "com " 14 Smith Alsop P&V pfd ..... Smith Alsop P&V com Terre Haute Elec Co 6%...... Union Title Co com Van Camp Milk Co nfd van Camp Milk Co com (By M. P. Crist & Co.

Market St. Investing t Corp... | Nn. 2.91 24.36

U. S. STATEMENT

WASHINGTON, Nov. 29 (U P.).- Government expenses and receipts for the current fiscal vear through Nov. 26, compared with a vear ago: This Year

$3.048,573,441 86 2,280.513.424

Last Year $1.853,777.340.50 } .623,043,549.53 1.230.733.790.97 1, 31 540,208.9 77.87 7.373,245 53 26 33. 796 561,840 .6 12, 774.040.012.32 11,176. 844. 32¢. 30 180.053,392.96 175,263,127.33 Today's Pur. ‘Total Pur. $29529 26 $1,242 483,044.21

INDIANAPOLIS CLEARING Clearings Deb

serene

Expenses Receipts Defici

Customs

Inac. Gold

ROUSE

Wet Taxt. Shunge |

EFL N

| Bee

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At the end of the first hour wheat |

Net Last Change M's . LE Tn

Low 19% 3 a te

Crown Obork .. | Crown Zeller Crucible St | Curtiss- Wr | | Curtiss- wr A ..

East R Win... | Bitingon Sch OR! Elec & Wus Ind a oft 2 asd Nat Gas | Brie

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> ; Grevhound Cp.

Hecker Prod Here Par Holland Purn.. Homestake ... Houston Oil ... Hudson Motor | Hupp Motor .

Central Inland Stl Inspirath | Tnter Tron Harvester Hyd El A... T&T For... t Nickel PRP

“

Johns-Man

Ravser Jul. .... Kennecott “ 3 Kroger GRP...

Lambert 1~O-F Glass OeR one Star Lorillard Ludlum Stl

Oem. 3¢

Marshall Fla. Martin Gi Mathieson May Maviag | Mcintyre Pore

N. Y. Bonds

By United Press

BOND PRICE INDEXES 20 20 0 60 Inds Rails Utils. Bonds . RL Ta 9.2 82.1 «NY 30.9 60.2 LIRR , Ny 60, 8.1 R33 LN a. 105.9 100.0 . 950 oe 106.0 10.5 £9.38 "RR f1.1

RR. PD.

Open Change . 54 5 gs

Saturday Week Ago Month Age Year Age 193% Wigh 193% Low

NEW YORK, opened higher.

N Y Cent 3

Bonds | Net

hs 81 ... S Rubber 5s

Curb Stocks

Ry United Press NEW YORK. Nov, 20 (U. P.. stocks opened easier, ' _ open Change

Asso G & FE A carrier ““

our Net

Rise hi Ry o Sechnicoior Un Gas Un It &

By JOHN

NEW YORK, Nov, 29.--Reports

pulices the Mediterranean, Orient. In fact the strategy seems to be to put the United States in the position of being the power most deeply concerned with the goings-on | in China and that Britain, if Amerjca will supervise gencrally the troubled area around the China and Yellow Seas, will generously back her up while doing her share for the world's peace in the Mediterranean. Whatever comes out of this Amerjcans ought not to permit themselves to be fooled by the facts. First of all, on what principle can

as the most important? In the last 25 vears England's trade with China has been larger than ours. England's financial stake in China and Japan has exceeded ours or that of any other country. This false assumption of our premiership in the East is based also partly upon our position in the Philippine Islands. But if our share in the Bast is so important because we have a suzerain relationship to the Philippines, what must be England's? The Philippines have a population of 13 million. We have the Philippines, but England has India, Palestine, the Straits Settlements, the Malay States, Ceylon and number of islands. The Philippines are near China, but England owns Hongkong, a Chinese city right in China itself. Our possesions have a population of 13 million. England's have a population of 370,000,000—larger by three times than the population of the United States itself. The trade of the United States in China is a small matter in our national economy. The trade of tine United Kingdom with her vast Asiatic possessions is almost a matter of life and death. Furthermore England is deeply implicated in the triple alliance between Japan, Germany and Italy. That is a threat to the peace of Europe and, even more important,

? | Proifhc WHR

“| Timk-D Ax

2 | Va~Car § DE

our stake in the East be appraised |

Net Jarl Change ne | Pe

WMo-X Tex nf Moni Ward .. Mother Lode

High n, 6% Sn

Low

Ply 8514 Bn

| al Kelv Acme Biscuit Cash og

wiry Distillers

NYE Omnibus No Amer . No Pacific

WALLA SETS

Ohia Oil 1 Oliver Farm Ba 29'2 Omnibus 14 Otis BIN Otis Stee 1 | ‘Owens mh Glass

E3235 DITA DO

| Packard Paramt Pict | Park Utah . Patino Mines Peerless Penn D_Cem Penn “™ Pheips Dodg .. Phillips Pet Pierce O pl Piits Sc & B Press Stl Oar Public Serv Pullman Pure Oil

Agro hk HDTV BEA PEs OPQ

| Radio K-Or .... Rem-Rand Reo Mot Republic 8 Revere Cop Revn Tob B Richfield Oil

| Schenley Dist Sears Raehuck Servel The | Shattuek Shell Un Oil Simmons Simms Pet Smith A © Socony-Vae | South Rv Y South Ry pf .. Sperry Corp Spiegel Tne | Square D-RB Std Std Std Sta Sta Stone y Studebaket Sunshine Min Superhty . Superior Oil Swift & Co

Dry » ~

EF id dl 3 Pod rE EE FEE

A BAPE IO NOD ew

S32 » a

—

® | Texax Cor

TEPCRO Thamp Stay | Tide W A Oil...

" " Tri Cont ¢ n | 20th Cent Pox. a Union BRP ! Union Carb Un Oil Cal Un Pacific . { Un Aireraft Cp Un Air Lines | Unites Corp | United Cp »f.. Un Gas Imp J] 8 Gypsum 8 Leath ' S Pipe & P.. 3 J] § Realty | Rubber J] 8 Smelt N S Steel ‘an {U 8 Steel pf... | Un Stk Ya...

Vanadium

| Waldorf Sve ... Walworth “ Ward Bak R Warner Bros .. | Warren Br Wes Oil & West Air Rke Westing Fl... White Mot... Whi Steel ! Willve Overind Wilson & Co... Woolworth

Ss.

Yellow Tr 3 Y

ng Sheet

a Ta |

19: 3's

« 20%

191%

Zenith Red Zonite

3 2

| FOREIGN EXCHANGE

NEW YORK. Nov. 20 (U, P.).—Noon tor. | eign exchange easy Ne Cable.R Rates

_ Change 0 3-18 = 3-18

“0000's

| England (pound) Eng. 160-d. bill rate) Canada dollar) . | France (franc) | Italy (lire) Belgium thelga) Germany (mark) Ger, (travel mark) | Switzerland franc) | Holland guilder) Spain (peseta) | Sweden (krona) Norway (krone) Denmark (krone) Australia pound) Austria (shilling) Creslovakia tkoruna) . x ‘ Finland imarkka) Greece tdrachma) Poland zloty) Portugal i(escudo) Rumania (lem) -Argen. (offi. peso) Argen. unofl. peso). Brazil (milreis) Chile (peso) | Peru (sol) . | Uruguay (peso) Mexico (silver peso) | Hongkong dollar) Shanghai (vuan) | India (rupee) Japan ven)

. 5560 Uhiiioted "3909 2229

00014 0001 00

noon ' x

Intervention In Orient Would Result in War, Flynn Asserts’

T. FLYNN

Times Special Writer

from London are to the effect that

the British foreign office is still eager and hopeful of bringing about, if | not a definite agreement, at least a tacit understanding that while Britain the United

States will do that

Job in the

[to the empire lines of Great Brit-

| The truth is that England has | interests all tangled in Asia which are of the first importance to her, while we have none. England has problems in the East which may well get her into war. We have no relationships there which can do | that unless we allow ourselves to get | mixed up in the purely selfish degus or controversies of other counries

| manent

| | |

MONDAY, NOV.

Mrs. Markun of Park Board Pleads for

19%

Safe Place for Young Children to Sled

Mis, Louis Markun=proposes better sledding for children.

FARM PROGRAM

"IS CHALLENGED |

House Minority Revort Raps Its Validity; Bitter Debate Expected.

WASHINGTON, Nov, 29 (U.P) The House of Representatives be | gins consideration today of a perfarm stabilizing bill with | the prospects of a bitter debate over the probable constituionality of the | measure, Republicans charged that the bill | | as drafted by the House Agriculture Committee is unconstitutional and | provides for compulsory “regulation”

» | through which agriculture will ac- | tually suffer, | jority report, prepared by Chairman

The Committee's ma-

Marvin Jones (D. Tex.) defended

its constitutionality on the grounds =

that the regulation of the five major | crops—wheat, cotton, corn, tobacco | and rice-—is necessary for the gen=eral welfare and justified because | those crops are involved in interstate commerce,

G. 0. P. Presents Report Five Republican members of the |

2, | Committee presented a minority re- |

port charging that the bill was aimed at “dislocation” of the basic industry, and would increase commodity surpluses and lower prices. The bill goes to the House floor with a push from the leadership intended to drive it to enactment by the end of the week. Three days of debate have been scheduled and thereatfer proposed amendments will be considered. Menawhile in the Senate, Senator John H, Bankhead (D, Ala.) seek to uphold the strict cotton control section of that chamber's farm bill, which is based on parity payments, Although Majority Leader Barkley pressed for passage this week there was no assurance that the debate and consideration of amendments which will be offered could be completed that soon,

Wallace Is Attacked

The House minority report, prepared by Rep. August H, Andresen (R. Minn,), accused Secretary of Agriculture Wallace of perverting the existing soil conservation act with-'! out authority from Congress, Secretary Wallec had adopted, | the minority charged, a 1938 pro- | gram of payments for soil- ~depleting crops instead of “substantial sums’ for growing soil-building crops in anticipation of “this so-called compulsory ever-normal granary bill. n

RED CROSS SHOWS ENROLLMENT GAIN

——————

Red Cross enrollments this year are running from 25 to 30 per cent higher than last year’s record, it

quarters today.

scriptions Saturday. whose enrollments increased were HerfI-Jones Co. State Department | of Public Welfare, Standard Grocery | Co. offices and Grain Dealers’ Na{fonal Fire Insurance Co. Persons who have not been | reached by Red Cross workers were

If the President intends to attempt to take over the leading role | in international scrutiny and supervision of China and Japan, he had | better frankly tell the American | people what he intends to do. Because they may not be very willing to go along with him. But in any case they ought to know about it because at the end of that road is war.

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Public Library. INDUSTRIAL RECONSTRUCTION AND THE CONTROL OF COMPETI TION, > Arthur F. Lucas. “The failure of private ery in England and the course of industrial reorganization under government

control.’ PULPWOOD EDITOR, by Harold B. Hersey. The thriller magazines, how published, why and by whom, how edited, manufactured, and sold, the kind of advertising that appears in their rapidly vellowing pages, the fortunes made and lost in this ficHob RST TROLL, ING YOUR PERSONAL FINANCES, by David F. Owens. A program of systematic spending and saving to meet old age as well as for present living is SOmGetining everyone can and should ma RETAILERS’ CO- OPERATIVES, by Retailer-owned cooperatives from co- operative societies they believe in

rofit. PM ATHEMATICS OF FINANCE, by D. H. Mackenzie, Includes compound interest and annuity tables, by F, C. and W. C. Kent

Lazo, differ in that

Hector

urged by Arthur V. Brown, Indian- | apolis chapter treasurer, to mail | their checks to Red Cross offices in| the Chamber of Commerce Building.

‘HEARING IS SET ON BUS ABANDONMENT

Ralph Hanna, Indiana public councilor, is to attend a public | hearing tomorrow in Jasonville on a | petition of the C. M. St, P. & P. | Railroad to abandon passenger | service between Terre Haute and Bedford. The railroad told the Indiana | Public Service Commission that | passenger service between the two | points is available on busses which run over improved roads. Civic associations and city officials of the Places involved have protested.

"DEPAUW TO HONOR GRID SQUAD FRIDAY

The Indianapolis DePauw University Alumni Association will honor

a banquet Church at 6:30 p. m. Friday. Dr. Clyde E. Wildman, DePauw president and DeLoss Walker, associate editor of Liberty Magazine and a DePauw graduate, are to speak. Members of the committee in charge of the banquet are Fred Tucker and Charles Jewett,

Cadle is association president,

will |

“intent and philosophy” of the |

was announced at campaign head- |

the 1937 DePauw football team at in the Broadway M. E. |

George |

In City Parks When Snow Is on Ground

DCromises Haulin Drifts From Boulevards to

Make Slides. |

the child between § “the forgotten man of winter sports.” Mrs. Louis Markun, Park Board member, today became his champion for a safe place In the winter snow. She said it will be taken up at the next meeting of the Park Board, “To be sure, hes a little man.” she said, “Perhaps because of that he has been all but overlooked 1n

Describing and 12 as

| the park program of winter sports,

There has been some park program for children of those ages, but not

| an adequate one.

“We have toboggan slides in Oof« fin Park for older children and vouths, But nowhere do we hava

| the gentle little slides that children

| by Wally | reation Director,

of that age can manage.” Middlesworth Agrees

In this campaign she will be aided Middlesworth, City Rec who likewixe today urged immediate action to lengthen all winter sports and particularly the sledding Mrs. Markun said Bureau records show

the Weather that Indian-

| apoliz has an inch or more of now

Times Photo,

SISTER AND BROTHER DIE WITHIN 3 DAYS

20 (U. P.72, Green's Her brother, 77, died Saturday her bedside. She | without learning

| |

| RICHMOND, Mrs, Martha | Pork, died George Hoover, after visiting at succumbed today p His death.

Nov. Smith, today,

LEWIS PREDICTS NEW ‘TAILSPIN'

—————

‘Increased Peace Efforts Due In A. F. L.-C. I. 0. Talks Today.

WASHINGTON, Nov. 28 (U, P). -John L. Lewis said today the na- | tion is entering “another economic | | tailspin” and that the ravages of | industrial recession are a matter of | [life and death to thousands of workers being thrown out of jobs, In a speech before the Unity Con=- | ference of Furniture Workers called | by his Committee for Industrial Organization, Mr. Lewis attacked Con- | gress for lack of accomplishment and told the legislative body should give thought to "how Ameri- | cans can be given the right to work.’ Congress, he said, should “cease milling around.” “Workers should organize and obtain the right to work when they want to.” Lewis declared, “and not when Walter Chrysler or Henry Ford want them to work.”

| |

Increased Peace Efforts Expected

WASHINGTON, Nov, 29 (U, P)),— Buffeted by the business recession,

the American Federation of Labor and the Committee for Industrial Organization will meet again today in a joint attempt to end their two-year-old internal dispute, Peace committees from each group were scheduled to resume their talks | early this afternoon, The meeting | time was still undetermined as a result of continued postponement | of the conference, As the time for the resumption | of the conference drew near, it was believed that there woyld be in- | creased efferts from both sides for definitive action toward peace,

Ford St. Louis Plant Reopened Today

ST. LOUIS, Nov. 29 (U, P).—The Ford Motor Co, assembly plant loday resumed operations despite Aa | | strike called by the United Aulomo- | hile Workers of America. Workers re-entered the plant in automobiies through a jeering group of 300 | pickets, The pickets, members of the U. A, | WwW. A. an affiliate of the Com-|

|poing into the plant, M. N. Johnson, | (plant superintendent, told police that two Ford employees were beaten by union members near the plant | ‘ust before it opened at 7 a. m., (In-| dianapolis Time).

| Greyhound Peace

Conference Continues

CLEVELAND, Nov. 29 (U. P). Federal Labor Counciliator John L. Conner summoned representatives | of the Greyhound Bus Lines and Lhe Brotherhood of Railway Trainmen to a third “peace” conference ioday, while police investigated reports of violence and one kidnaping in scattered sections of Lhe 16-state strike area. Although neither side had changed | its position on the chief issues—the | bus drivers’ demands for higher | wages and a closed shop—Mr, Con- | ner appeared optimistic and said | “some progress’ had been made to- | ward settlement. |

| with an inch or more of | the ground was 50, the fewest three,

| Co., secretary;

{on the round an average of only 20 days during the winter. Of these, an average of only 108 days are consecutive, Over a long period of | years the greatest number of days snow on

“Snow melts rapidly and the chil dren get few days at sledding. The Park Board hauls snow for the to. boggan slides and they are thus in

use for longer periods,” she said,

Trenches Held Possible

“I am going to see what can he done about prolonging the sledding for children in our parks, If it can be done for older persons it can he | done for them, it seems to me, “One plan 1 intend to investigate | i& that of digging trenches in northern slopes and packing snow taken | off the streets by the Street Depart« ment into them, “Certainly some way can be found to haul the snow to the parks, Ax a matter of fact, it could be gathered from drifts on boulevards near the parks, and constitute a double serve ice to child and motorist, “It may be necessary to build ine expensive frame forms for packing the snow, so that they can be re-

| moved and stored in the summer | and reset in the winter,

WPA Labor Available

“T am sure Works Progress Ade ministration labor could be obtained in either case, because the greater part of the project would he labor costs and not material cost “Then I see no reason why some benches could not be placed near the slides so that maids and parents could be comfortable while they watch the children play. “We have northern slopes that would be ideal for such projects in

| Garfield and Brookside Parks and a

survey of other parks with these | projects expressly in mind should he made, "We must push the projects, he-

| cause part of the average vearlv 22 | inches of

snow already has fallen and melted off. After all, a large number of Indianapolis citizens are sled age and pretoboggan age. We must do something for them.”

FOOD DISTRIBUTORS’ OFFICERS ELECTED

R. W. Cook of the N. J. Cook Distributing Co. today assumed his duties as Indianapolis Food Distributors’ Association chairman, He was elected al. a meeting of the jroup vesterday in the Hotel Antlers, Other officers named were: Hare land Hogue of the Royal Products Laphonso Anderson of the Tasty Food Products Co., M. Kirk Coleman of the Sugar Creek Creamery Co., F, W, Haines of the |H, J. Heinz Co., John Newell of bbe Newell Food Producis Co., and . J. Baron of the Artie Products ol) directors.

ATTEMPT TO IDENTIFY BABY DEAD IN RIVER

NOBLESVILLE, Nov. 20 (U,P.).—= Officers today continued their efe forts to establish the identity of a baby girl about 7 months old whose body was discovered in the White River four miles south of here, Coroner C. M. Donahue said he believed the body had been in the water about two weeks. State police

Workers reported $1100 in el for Industrial Organization, | said today they believed the haby Organizations | offered no resistance to the workers | was thrown into the stream from

the bridge on State Highway 234 and floated down-stream. The child was found by William Lehr and several companions trapping near the river.

WAR IN SPAIN Is THEME

Harry Milton, who was of the Independent Party Militia on the Aragon front, ing for Loyalist Spain, at 8 p. m. Wednesday on “The Truth About Spain.” His talk is to be sponsored by the Socialist Party, Left Wing, and is to be on the fourth floor of Holliday Building, Ohio and Alabama Sts.

captain Labor fight is to speak

NEON ® SICNS

Indianapolis Electric Sign Co. 228 N. ALA. LL. 5674

it. can also be the saddest. Mr, through a Special Christmas Fu

be taken out of the picture.

Why not start a plan like this

30th and

Edward B. Raub President

A GUARANTEE THAT SANTA CLAUS WILL RETURN EVERY YEAR

Christmas cannot only be the happiest time of the year, but

“empty stockings” at his home Christmas morning. if he should If he lives to retirement years this same plan will provide a check each year ‘at Christmas time for him. He has guaranteed that Santa Claus will return yearly,

INDIANAPOLIS LIFE INSURANCE COMPANY

A. knows Lhis and has provided ind Policy that there won't he

for your family and yourself?

Meridian A. LeRoy Portiteus Vice-President