Indianapolis Times, Indianapolis, Marion County, 7 December 1937 — Page 17

STOCK LIST FIRMS

IN LIGHT

Rapa

= 04 a

Copper Shares. Gain As Rails Meet Support.

NEW YORK, Dec. 7 (U. P.).—Stocks moved irregularly in dull turnover in morning dealings today and around noon displayed a steadier tone. ‘Steel shares were sup-

ported. U. S. Steel rallied to "58%, up % net from its low of 55%. - Chrysler regained nearly all of a 1% point loss. Coppers rose to small net gains. Rails met meager support. Utilities fluctuated around the previous close. ‘Several issues recorded fair-sized gains. Laclede Gas issues were strong on moderate 10-share lot deals. The common rose 2 points to 14 and the preferred 2% to 25%. Gains of fractions to. more than a point were made by Boeing, Douglas, Eastman Kodak, General Electric; Westinghouse Electric, U. S. Rubber, Pennsylvania Railroad and Deere. Declines of fractions to a point were noted in such issues as Allied

VOLUME;

- STEEL SHARES UP :

Hogs Decline 10 to 25 Cents To 45.55 TopiEs

Porker prices dropped 10 to 25 cents in’ the local yards today, according to the Bureau of Agricultural Economics. Weights up to 225 pounds eased 10 cents. Averages between 210 and 225 pounds dropped 15 cents, 225 to 250 pounds off 20 cents. Heavier weights broke 25 cents. Occasional premium sales of 5 to 10 cents above the schedule were recorded. Top eased to $8.55 on good to choice 140 to 180-pound butcher. Packing sows bulked from $7 to $7.50. The cattle market consisted liberally of slaughter steers and heifers. Sellers delayed the steer trade by asking prices higher than those recorded in the last complete price test. Killers refused to buy at asking prices. At midsession only beeves or cattle could be agreed upon to sell-at $8 down. The heifer market was- slightly stronger, while cow

grade cows were steady. Vealer prices were steady with yesterday as good to choice kinds cashed from $10 to $10.50.

Ba Sa at ay ey fa Bn Baa Be fa Fa ta Fp a a Ba Ba a ant a aaa fa Bs Bs a aa Ba a » »

stuff moved at firm prices. Cutter g Certo de Pasco. 41% ¢ hMStP&P

NEW YORK $1 OCKS

By United Press

—A

High Low ge

Net Last Change 9% 1 11%

Adams Exp sas \ir Reduc Alaska Jun ....

Atlas Corp -. Atlas Corp pf.

FOLLETT T+]

Gent. Viol Sug. ertain-teed .. 87s

i Month Ago ...

| Keystone Stl ..

DOW-JONES STOCK AVERAGES : 30 INDUSTRIALS Yesterday . Week AZO cccovseoscspcnen 123.48 Month ARO .c.ccccosvscses 126.16 Yéhr Ago 180.57 - High, 1937, 194.40; low, 113.64. High, 1936, 184.90; low, 143.11. 20 RAILROADS 5 31.91 32.25 .

“41.90 +0.44

Week ABO ccocescscscscss Month Ago ¥ Year. Ago 54.45 . High, YR 46; low, 29.15. High, 1936, 59.89; low, 40.66. : 20 UTILITIES

i, | Yesterday

Week Ago Month Ago Year Ago b ¥ High, 1937, 37.54; low, 19.65. High, 1936, 36.08; low, 28.63. 70 STOCKS wens ois Zennsecsen 42.91 42.31 42.65 ‘Year Ago 64.53 ° High, 1937, 69.67; low, 38.87. High, 1936," 66.38; low, 51.20.

Yesterday Week Ago

sesssssoeh

High Low

Net Last Change 8Ys 8%s : a

Inc. 1% G&EA. . 16%

6 6%

N =1.58

+218 | NY

-No AVS No Bacite” cons aff Ohio Oi

Omnib! ol x lis m. us « Owens Ill Glass 662

12%;

soz

107% 267% a 3g Ya-

CUT IN CENTER ASSESSMENTS WILL BE ASKED

63. Property Owners _ Wil Argue Before State Tax Board.

Sixty-three Center Township property owners will argue for reductions in the property tax assessments before the State Tax Board tomorrow and Thursday.

They appealed the assessments |

made by the Center Township Assessor and approved by the Marion

ys | County Tax Board.

The Chevrolet Commercial Body Division, 1100 W. Henry St. with the largest assessment appealed, will be heard by the State group for the second time. Chevrolet officials are seeking a

s | reduction in the $%,144,000 real es-

tate assessment, including buildings, land and improvements. Company officials’ also have asked a reduction of more than $150,000 in the assessment of $530,000 on machinery. Others who have appealed as-

% | sesments and will be given a hear-

ing by the Board include: The Bev» erly Realty Co., whose property was assessed at $137,000; Nordyke & Marmon, $138,000; Republic Realty

%|Co., $70,610; American States In-

, | surance Co., $67,140; Fletcher Trust |

Tenn Corp, Texas Goth Lee T & PC .

Co., $26,000.

LINDBERGHS STILL KEEP PLANS SECRET

Native lambs were steady to 25 cents Qigher. Top reached $9.25 for choice offerings as other good kinds cashed from $8.75 to $9. Common Sn teu sorts sold from $8.75

(Reprinted From Late Times Yesterday) HOGS

Colgate-P-P Col “Broadcast A 18% Colum Com Bo Conde N Cong-Na Cons Edison Cons i

Con Container saens Cont Bak B

R B TY West, 420th Cent-Fox. 21 7

Chemical, Atchison, Case, Cerro de 20 Cent-Fox pf.

Pasco, Colorado Fuel, Electric Power & Light, International Nickel, National Steel, Owens llinois Glass

and Texas Corp. ”

Der: Nat Gypsum ...

WHEAT FUTURES

Colonel's Mother May Pay Son Visit, Is Belief.

ENGLEWOOD, N. J, Dec. 1 (U. P.).—Col. and Mrs. Charles A.

/8 7% : Union Carb . Un Ajretant cp 2 d Ci 3

Cont Mot

ow £ = w

Today’ S Business|. Sv

At a Glance

GENERAL BUSINESS

American Zine Institute reports November domestic slab zinc output 49,388 tons vs. 52,645 in October and 45,670 year ago; shipments 32, 221 vs. 40,345 and 56,887 year asor stocks ‘November 30 totaled 42984 vs. 25,817 Oct. 31 and 57,527 year ago. CORPORATION NEWS

5 Atchison, Topeka & Santa Fe RY. Co. week ended Dec. 4, carloadings 22.670 vs. 20,353 previous week and 22543 year. ago. Baltimore & Ohio R. R. Co. week ended Dec. 4, carloadings 25,237 vs. 22,959 previous week and 34,088 year ago. Chicago, Milwaukee, St. Paul & Pacific R. R. Co. week ended Dec. 4, carloadings 18,649 vs. 15948 previous week and 21,160 year ago. . W. T. grant Co. November sales $8,393,049 vs. $8,493,208 year ago, off 1.4 per cent; 11 months, $82,744 277 vs. $81,023,837 year ago, up 2.1 per cent. 8S. S. Kresge Co. November sales $12,531,157 vs. $12,214,406 year ago, up 2.5 per cent;; ‘11 months, $130,089,802 vs. $124,350,483 year ago, up 46 per cent. Western Auto Supply Co. November sales $3,440,000 vs. $2,601,000 year ‘ago, up 323 per cent; 11 months $33,256,000 - vs. $22,476,000 year ago, up 48 per cent. American Telephone & Telegraph Co. rating subsidiaries included in Bell System had a No- ? vember net gain of 53,600 stations vs. a gain of 75,900 year ago; 11 months indicated gain 833,200 vs. 779,600 yéar ago; installations at end of November totaled 15,285,600, highest in history.

DIVIDENDS Allied Chernical & Dye Co., special $1.50 payable Dec. 22, Yec ord Dec.- 16 vs. $1.50 regular quarterly of each in February, May, August and November. Brazilian Traction Light & Power

Receipts 2500

ao oan a

29. 30.

$5.85 15 8

®m@m emm

a RAD OD Pooc ao o

choice. .

choice. . choice. . choice. . choice. .

(220 Heaviweishts-250-290) Good (390-350) Good

he Sow. As 50) Sood

choice. . choice...

Pig (100-140) Good 2nd choice. .

—Receipts, 1200— (550-800) Choice Good

C (900-1100) G

Ci (1100-1300) Cl!

Doo oo butte CoS NSSOUNS OND SOIR

Pt hd fd fd £518 5 IO0 100 £3

wba agmouatiag

Mi (1300-1500) Good

Heifers

(550-750) Choice : G

Common (750-800) Good and choice. .

ommon, medium. i 25@ 17.75

6.00@ "7.50 Common, mediu 5.00@ 6.00 Low cutter and Rutter 3.50@ 5.00

7.25 6.50

Good (beef) 6.5 Cutter, common and medium.. 4.5

Vealers —Receipts, 500— Good and choice Medium

0@ 0@

* [email protected] 7.50@. 9.00 4.50@ 17.50

(250-500) Sood and choice.. [email protected] mon, medium. 4.50@ 7.00

— and Stocker Cattle Steers

(500-800) Good and cho! Common, medi (800-1050) Good and cho mmon, medi Heifers—

Good and choice Common and medium ow

Common and medium * SHEEP AND LAMBS —Receipts, 2500—

bin Du Dole CO Ow O0UO 99 93 ew po 33 0a

Shorn Ew (90- 175) ® Good and ohoice..

1Y, :Cont Oil 3 Del 30%,

Douglas Air 2 Du

e! Gimbel Bros .. Goebel Brew . Goodrich Goodyear Graham Paige.. Glidden rts... Gt North pf . Gt Nor Ore .. Green H L Sehoan Cp

Hecker Prod .. Homestake .... Howe Sound :. Hudson Motor .

Inspiratn Cop Int Harvester . Int Mini Int Int

n ; ve Y Int P& P pf . 4 Int. T&T ... 1

Kennecott ..

f..165%2 P 8Ya

ces 22% ees DY es 4715 Curtiss Wr .... 3% Curtiss Wr . 13% —D— Deere & Co ... 237% 237% Deisel W G ... 15% D Lac W.... 8Y%

13 A

23%

... 353% 353 353 11512 114% 114%

—E—

Pont

Elec Boat Elec Pwr&Lt

6% 6% «13% 13% —r—" 32 —Che— 8%

63% 13%

First N Strs ...

Wood jnd. Am Inv Baking ed able wri} Sieotric ue Foods .... 32 Motors ve gu t-A ..

Thisag Eq .

peeleield

25 1434 1712 10%

k // a1 43 73% ——

11%

67s 49%,

8 7% 11%

ining .... Nickel P &

. 35% 35%

Adm Fd Affl Fd Amerex

Am Bus As Std “oit 5.3 Bas 234 Bos Bosad. St Bull Fd Can lnv Cent Tr

Comwlth Contl Shrs Cp Tr S

Dp Dep gas A Div C

INVESTING C0.

Bid Bid 12, 23 13. Ol lmyest, Bank Cd 4.26 4.69| 1st Bos 11.75 19.50 21.25|Inv Fd C .719| Key 2 6.25| Key 1 - 3.53 | Key 3:3 16.70| Key 1 3 25.64| Key 1

Ask

-16

14.67 21.56

Mass Inv 1 3.53|Mut Inv 1 5 375

N atnwd sec 3. J|Natl

2. 5. 6. 0 RH ey Fd 5 9 0 3 1 5

= — 03MM" Lau Ld 1G th Eri IRIE Lay ©

i te STi 2

2 red. 87c. oth Sash corn, new No 2 yellow, 4lc.

3 Yesterday

| Month ago ... Year ago

DROP FRACTIONS |

,| Lack of Export Demand and

Liquidation Ease Grain Prices.

CHICAGO, Dec. 7 (U. P).—The

| trend to lower levels was fully estab- | lished in wheat trading today on

i the Chicago Board of Trade as long

| liquidation increased.

At the, end of- the first hour wheat Was % to 7% cent lower, corn was 4 to 3% cent lower, and oats were hs cent lower. The combination of an easy close

2 | in Liverpool and lack of export de-

mand increased liquidation. Light outside interest was a further burden on the Chicago market. Trading was light and spotted. Wheat receipts were nine cars, The weakness in wheat was transferred. to corn which slid off during midsession under selling by export interests. Corn receipts were 102 cars.

LIVERPOOL WHEAT Low

“pecs

Lees ee 115% 1.14

WAGON WE City grain elevators Ai e payt ng for No. er grades on their melts. ats

1.14% 1.15%

N. NV, Bonds

E By United Press

BOND PRICE INDEXES . 20 20 20 Inds. Rails Utils. 3.5 94.2 1.5 94.3 92.1 95.4 99.6 105.8 83.7 “103.4 101.2 106.0 69.3 92.3 100.4 106.2 84.7 103.5 1935 . 86.4 . 103.6 93.1 1935 1.0 89.3 83.0

60 Bonds 83.3 Week ago 83.7 100.0 92.8 100.7

83.5

Two years ago. 91.4 1937 1937 1936 1936

100.2 93.3

82.4 | Bm

81.1 | Ne

Steel Steel pf

10874 abe —Vo— : 16% 16% —_—W— 20% 8%

Vanadium .....

Walgreen Walworth warner Bros oe Sr ' Union ... Westing -El ....106 105% 108% —1 Woolworth vee 387% « 387 ene —— 10% 10% . 213 21% 39% 39%

10s — 21% 39% —

y, 5%

Yellow Tr S& 3

Young Young Sheet ..

STEEL PRODUCTION REACHES HIGH LEVEL

NEW YORK, Dec. 7 (U. P). — Steel production in the United States in the first 11 months

‘reached the second best level in his-

tory despite declines in the past two months, figures of the American Iron & Steel Institute showed today. The 11 months total was 48,045,241 gross tons compared with 42,383,413 tons produced in the first 11 months of 1936. The total was exceeded only by the 1929 total of 51,409,267. Previous to this year, 1928 had been the second best production year in-his-tory, 11 months showing a total of 45,846,977 gros stons. But in 1928, it was pointed out,

ev % | more than 4,000,000 tons were pro-

duced in the last month of the year and there are indications December production this year will be far under that level.

BANK STOCKS

Bank of Manhattan Bankers Trust Bank of N. Y. Trust . Broooklyn ‘Trust Central Hanover

Chas : Chemical

Commercial .... Consinental ae Corn Hxchange .

pire First National Quas Murnaciurers a National ey

U. S. STATEMENT

Lindbergh surrounded their movements today with the same secrecy

that accompanied their arrival in the United States Sunday on the liner President Harding.

It was believed that they would

remain at the estate of Mrs. Lindbergh's - mother, Mrs. Dwight Mor-

row, until interest in their visit had |

subsided, and that then the colonel would attend to business matters requiring his attention as technical adviser to Pan-American Airways. Many reports .were circulated concerning the couple’s plans. One was that Mrs. Charles A. Lindbergh Sr. Detroit school teacher, would come here to see her son; another was that the Lindberghs either would return to England in time for Christmas so that they could be with their children, Jon, 5, and Land, 7 months, er that arrangements would be made to bring the ¢hildren here for the holidays.

HINTS INGENDIARISM IN SCHOOL 81 BLAZE

Fire Prevention Chief Says Theory Is Confirmed. .

minds strat

. Bernard A. Lynch, Fire Prevention Bureau chief, stated today. that “information obtained in the investi-

gation of the fire at Parkview Public School ‘81 confirms my theory of

{ '|incendiarism.”

. “One of the pupils has confessed writing a warning message to the school principal and I am not satisfied that the two incidents are not related,” Chief Lynch said. He re-

referred to the message found.

scratched on the East steps of the

"* | school building after the fire yester-

day. It read, “Fire (a School 81 teacher) or we will bust every window im No. 81.”

pleaded guilty.

testify for the State.

HAMMO

Paul Minnema, "was slain by the Al Brady gang was described i detail today by Elmer Craig, gaunt Gass County Deputy Sheri

James pathover, Brady gang “trigger man” enters Federal Court in Hammond (upper) -to hear evidence ‘upon which a | jury will decide whether he is to get long-term imprisonment or death by hanging for the murder of State Policeman Paul Minneman, to which he has

“Federal Judge Thomas W. Slick (lower lett) is presiding, and Mys. Beatrice Zionkowski (lower right), sister of the murdered officer, Le to

#| "

Depiy Sheriff Tells i ¢ of Minneman’ S Ambush Murder

. Dec. 7 (U. P.).—The ambush in Which State Policeman :

vivid who

himself ‘was wounded. _ Mr.- Craig wept repeatedly as he told of Qfficer Minneman’s last moments. The deputy was star Government witness in TU. 8. District Court where a {Jury is hearing testimony in order to set the penalty of James Dalhover, ‘Brady gangster

‘who has pleaded guilty to the shoot-

ing. Mr. Craig testified he and Officer

‘Minneman were pursuing Brady's

car after Brady, Dalhover. and Clarence Lee Schaffer Jr., had robbed the Goodland |State Bank of $2668 in May, 1935. Arriving at ja crosscroads near Logansport, Officer Minneman slowed the car! while the two officers peered down the highways in search of dust raised} by the fleeing bandits. ; “We were. looking up and down the highways|. for dust,” Deputy Craig related. | “Shots rang out. “Something hit me in the foot. At about the same time Paul was leaning against the left side of the car and he fell out on his shoulder. “I jumped out the right side of the car and ran to the ifront for

which occurred at ‘Indianapolis: State Police * Headquarters. Brady and Schaffer had been slain by Gmen at Bangor, Me, and Dalhover had been flown back to ‘Indiana.’ Dalhover turne and said: Youre Craig, you?” Mr. Craig. said he asked Dalhover: “Which one’ of you guys kicked Paul?” “Nobody,” Dalhover replied. ; “You're a liar,’ Mr. Crajg retorte ed. “Somebody as or Paul wouldn't have said sO. 2 Claims’ Dalhover Took Gun Mr. Craig said it was his recollece tion that Dalhover then had ade. mitted it was he who stripped the dying officer of his Sam Brown belt and gun. (The belt was found later when policg| raided the Baltimore hideout of. fhe gang.) | Four witnesses | preceded Deputy Craig. Mrs.| Leona Hamilton and Robert Lyle Constable, assistant cashier and director respectively of

aren't

to Deputy Craig.

the os ane hover as ant tered while car outside.

Balk identified Dalf (the two who enthi remained in the (Brady was the other.) |

Co., 50 cents on common payable “ Common, medium. Div Shrs (Copyright, 1937, Standard Statistics Co.) | WASHINGTON. Dec. 7 (U. P.).—Govern- cover. I saw Brady hiding between Si 3

Sahm

Jan. 25, record Dec.. 22, vs. like

payment July 10. Cannon Mills Co., 50 cents pay-

able Jan 4, record Dec. 18, vs. like

- payment Oct. 1. Central Violetta Sugar Co. of South America, initial on capital stock of 50 cents, less 2 cents withheld for Cuban 4 per cent dividend

tax, leaving 48 cents net payable n

Dec. 28, record Dec. 20. Cincinnati & Suburban Tele-

phone Co., regular quarterly $1.12 |d

on common payable Jan 3, record Dec. 17. "Cream of Wheat Corp., 50 cents payable Jan. 2, record Dec. 20, vs. like payment Oct. 1. _ Goodyear Tire & Rubber Cg., additional 50 cents on common payable Dec. 24, record Dec. 10, bringing total ents for year to|—$ $2.50 a share.’ Butter Copper & Zinc Co, 10 cents payable Dec. 22 record Dec. 15 "vs. 5 eents Dec. 28," 1936, which marked resumption. Interlake Steamship Co. $2.50 on common payable Dec. 20, record Dec. 13, vs. $1.50 Oct. 1, and 50 cents each July 1 and April 1. ~ (Copyright. 1937. by United Press)

Curb Stocks

By United Press 7 (U.P) —outh

YORK, stocks LR RRL T.

FOREIGN EXCHANGE

NEW YORK, Dec. 7 (U. P.). »=Noen foreign exchange o Cable Rates _ Soange

Sy {Po bill i ate) i So Canada » dine)

She ‘| ket ar on Right

CHICAGO, Dec.- 7 (U. P.):—Hog 5 Receipts, 24, 000, inciuding 5000 Nireons. hogs, 200 lbs. down and packing SOWS steady with Monday's aylrate weak to 10 cents lower; good and choice 150-200 op: comparable 210-240 1bs., $8.10@8. 00 lbs., $7.75@8; most good packing SOWS, [email protected]: few lightweights, $7.50. attle—Receipts, 7500; calves, 1500; market, very little done on steers; prospects s teady to strong on good to near-choice kinds wanted py shippers; others predomi- : } largely $8@ here of value 3 : rs 2d i slow; heifers steady: mostly $8.50 own; vealers steady at 1 down; bulls steady to 15 cents.lower at $7 down. Seep ecsipis, 10,000, including no directs; fat lambs slew: few early sales steady to lower; soms bids 25 cents off; good to choice natives and fed Westerns nward from. $9; choice jiola above $9.25; ewes steady at $3. Was es TTE, Dec. 7 i Market, 10a 30c Tower: 140° 170 oe @8.55; 170-200 1bs.. .40; 1bs., $7.606 7.70; | 100-140 1lbs., $8@ roughs & $7 gTa0: Calves—$9.50@10.: ns

i) 50

PT. —Hogs— Market, 3 3 180 ibs $8.1 o 85; 315-300, 1bs., $7.75: 3 120-140 1b: bs. = 25°10 ooi20 23 $7; stag ®alves—$10.50.

CINCIN Dec. 7 (U. P.).—Hogs— Receipts, 2800; none direct; market fairly 3 $6: 2 00- 2235 bs. $8.50; 100-140

@ Cattle—Receipts, . 550; calves, 400; market fairly active, most light steers and yearlings $8 dows) to around $6.25; bulk heifers $6@8; good beet COWS around $6.25 7: practical Fi bulls, $7.

WAYNE, Dec. 7 (U. steady; 140-160 1bs., 53% as 180-2 1s ,

$8; roughs, Lambs—

Receipts, 250 none direct; marsupply; few. lots good wether lambs, | $9@ [email protected]; most

trucked-in ewe and 9.50; medium Zondes, slaughter ewes, $2@3.

CHICAGO PRODUCE

receipts. 1961

23¢: less ; cur-

cars, cars, receipts, c:

extras,

» receipts, 6220 score), 37T@ : firsts, 33@ 40@40'%c; (89 score),

receipts, 31 e

1415 19@ 161 Yac;

See Final Edition of the Times

Eat Fidelity

4.26 1S Gen gap 2 51 31. 23] d Gen I 59 5.00|St Goon Securities

for

Closing Stock Quotations and Other | Late ‘News

5 1 3 Ht 2 1 1 2.6 .64 .63 5 .6 46 .60 2 07

. .85 22 1.32 1 18.87 18.17 19.56 Fiscal Fund, Inc Bk Stk 2. is a. 2

Ins Stk 2.97 Fix Tr 8.20

7. |S Pd Inv 16. 18 17.19 Tr A 468 5.25)

“ ¥ a «eo

0) State St 1.28/Sup Cp A 3.01 9 'B

D Sun AA ” BB

97|Sup_ new Tr St In C 14 ”» St Oil A : vais 2B 63 .... 01/Tr Am Bk .62 .70 op 3 76|Tr Ind 94 1.03 16.31 17.54|US L&P A 13.25 13.75 Insti. Securities 144. "8B 1.95 20:

kK Grp 12 ” vig 91 s Grp i 18 I 3 Well Fd 13.27 14.

9 |'ington Valencias, $1; 62 North Dakota Valencias, 85¢c.

NEW YORK, Dec. WE (U. P.) —Bonds opened steady. Open oe

Canada 3Y%s 100%

9 | Ohio E

Edis Oriental Dev 5's Pac Gas & El

3 Warner Bros 6s -... Bros 6s

FOOD FOOD PRICES :

CHICAGO, Dec. 17 Michigan McIntosh, tatoes—Tennessee, Flim bus.

Long Is Ee

elery — Michig O Tons = Hh oes, Hana, Michigan ? low. [email protected]; WashTowa yellows, $1.10;

Flynn Says This

Is Not Time for

Corporation Control Proposal

2 By JOHN T. FLYNN Times Special Writer

NEW YORK, Dec. 7.—Senaters Borah and O'Mahoney want to compel the Federal licensing of corporations engaged in interstate commerce.

The year 1938 does not: loox like tions.

a goed year to. do things to corpora-

Corporations were on the raourners’ bench in 1933 to 1935. And

that is where they belonged. A long train of abuses of all sorts had crept

into corporate business. And the®

great crack-up of 1933 put them all in the dock—even the good ones. But now public opinion is changing. People are beginning to say--maybe we have been too harsh on the poor corporations. They are ready to swallow hook, line &nd sinker the popular propaganda that the present recession is due entirely to the harsh manner in which the Government has treated business. There are grave abuses in cor-

i porate management and capitaliza-

tion. There is no way in the world in which these abuses can be corrected save through Federal control of corporation charters. That is one of the first reforms the New Deal should have proposed. In 1933

1 | it could have done something about

it. But it didn’t. It had other plans —all of which have collapsed. The: moment to do something passed, as every man who took thought at the time might have known that it would. This reform could have been effected in 1933. But is too late. Nevertheless it is a good reform and one which we must get around to one day. At present there is §

spectacle of incorporation being

-| centralized, not -in- a. responsible

government, but & few irresponsible states. For this reason the Borah-O’Ma-honey proposal is a good one and should be passed. But unfortunately’ it is tied up with some other ideas which may not be so sound. Why not a Federal incorporation or corporation licensing bill? Why must the bill be hooked up with the idea of control of trade practices? Thus the bill includes a lot of controversial subjects which must add to the difficulty of passing it, and the difficulty will be great enough without these exfraneous ‘elements. The bill has another feature which is essentially bad. It proposes to enlarge the Federal Trade Commission sha include a member representing the employers and one representing the employees, The Federal Trade Commission should represent the.-public and no one else. You might as well have representatives of employers and employees on courts as on the Federal Trade Commission. The fruth is that there is a better Federal Trade

small group of states, led by Dela~-

ware, which: make a specialty—even

a racket—of issuing corporation You have now almost the

Compu, now than there has been the body was formed, It would be a crime for a liberal administra to spoil it.

ment expenses and recei ks for the current fiscal year through Dec. > compared with a year ago:

is Yea st Yea. .$3,223,843, 162. 29 2, 985, 086, 954, 97 82,323.4 y ,694,844,834 2

Customs .. Inac. Gold ..

INDIANAPOLIS CLEARING HOUSE

Clearings ....ccseccececnansionsn $2,963,000 obits... ih 00000. sores esnnsnces 6,153,000

BH Tot: al Pe 31 13. 0 "81, Totaly 533.94

-|DAILY PRICE INDEX

NEW YORK, Dec. 7 U. P.).—Dun & Bradstreet’s ‘daily waighted price index of 30 basic commodities, compiled for the United Press (19301932 average 100): Yesterday ...occoeseceececss. 117.36

"Week 880 .cecovcssscesccacss 116.80

Month ago Sesssssassecesseny 119.85 Year ago ssasssssssses 137.31 1937 high (April 5) ccecocess. 158.26 1937 ow (Nov. 30) ........... nese

LOCAL PRODUCE

e prices quoted are for quick gathores ®in the country. while for deliveries prices are 1 cent higher. Zach case of eggs must weigh 55 pounds jros s—No. 1 strictly ress. loss off, 24c. ckens—Heavy breed hens, 42 poun and over, 17c; under 4, pounds, l4c; is - 1lc; epringers, pounds ds and over, 18c; Leghorn EE Ee 1, pounds and over, Lei” bareback broilers, 15¢; old roosters, :

New Business Books Available at Library

The following new business now are available at the business branch of the Indianapolis Public Library. WORLD FINANCE, 1935-1937, by

Pau) Einzig—“Einzig is at his best in his inside Tevelal] ons of Eurepea n rice-

olitics. ork is also ess as 8 revelation ot the len which the manly for currency legislation has gon TAKE A PLEASE, by k ot business

John B. Opdye A boo letters that Ys many fri 1 letters as y endly IAL A

by WwW. R. tionships of two competing Risto

Classes were resamer yesterday afternoon after the 450 pupils had marched out of the building in orderly fashion’ when the alarm was sounded. Loss was estimated at $1500 by school officials.

CHURCH EDUCATOR T0 MAKE ADDRESS

Charles J. Turck to Speak Thursday.

Dr.

Dr. Charles J. Turck, Philadelphia, is to be guest speaker Thursday

evening at the midweek convoca-

tion service in the Indianapolis First Presbyterian Church, where Dr. George A. Frantz is pastor. Dr. Turck, director of the social education and action department of the Presbyterian Board of Christian Education, was president of Centre

College, Danville, Ky., from 1927 to

1936. - Previous to that time, he

: practiced law in New York City and ds | had been a law professor in Tulane

and ‘Vanderbilt Universities. Besides directing the social education and action department, Dr. Turck is editor of “Pageant,” monthly illustrated news magazine, Which covers religious news of the world.

FOREIGN REMITTANCES

American National Bank

AT INDFANAPOLIS Insure:

FILES

and Assaciates / 134 8. Mer. KI1-9727

o -

a tree and the side of the Caley Church at the crossroads. Brady had a gun pointed at me, but he wasn’t shooting.” ; : Hoodlum Unmoved :

The Government was expected to bring out that the direction from which the ‘ullets were fired indicated Dalhover or Schaffer fired them “from .the other side of the church. Mr. Craig then told how after the bandits had jumped into their car and fled: he en to Officer Minneman, “I hobbled back to the roadside and held Paul in my arms,” he said. “Paul .opened his eyes and ‘said .‘Take me to the hospital and call Father Joseph (Loganspart Catholic Hospital priest)’.” ‘The deputy wept and officer Min- | neman’s father, Richard, and sister, Mrs. Beatrice Zionkowski, sobbed audibly. Dalhover sat apparently unmoved. Prayed During Trip An automobile picked up Officer Minneman and Mr. Craig, the deputy continued. He held the ‘dying officer. “Paul prayed all the way io the hospital,” Mr. Craig said, tears ‘coursing down his cheeks. Mr. Craig then related an incident

FOR QUICK

WINTER STARTING TH

ab BENZOL GAS

propriétor of a poolroom near the bank, said Dal- | hover was x of the two he saw enter. George I. Wood, cashier, identified the bank’s Federal Deposit Insurance Corp. certificate, establishe ing the Federal nature of the crime, rt ine

PROFESSOR FOUND SHOT CHICAGO, Dec. 7' (U, P).—!} Stuart P. Meech, -40, associate finance professor at the University of Chicago and a national business and financial authority, was in serious condition today suffering a gunshot wound. | Police advanced the belief. the wound ‘was self-in-flicted.

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