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

~NEW YORK STOCKS _ I x WESTINGHOUSE — = += ae DECLINES 4 POINTS =

len Corp, + 1% 17 ls : Swite & Co .. Ary Pwr & Lt. 1% 37 % re Amn Rad Ba 13% 1 «1 3 2 Gillette 8 RB ... 3 W eather Fills Ain Smelt Pad ah | Coli If 8 Ain T & T....149 149 ; Gt Nor Ore ks 13 8 1 % : sees 3

Last oneage 3 14 lon 8

Net Last Change 0% —

High Low

‘l i 9% 9%

Evans Prod -... + % + %

Pair Morse , fa rs N Strs ... 30% 574 r Wheel . 5 Ta” : 43% 22 - He 3 + Va

fo a

4 Freepi- Sulphur :

Hill11+ 5

Ron can of of - 4. Tex Goulf Prod oh 4 Tide W A gn.. + 15 Y% 4% 10% 3% 8

Gabriel A +... Gey) Cable ee n Electric oe

«8s 8% ; 39%

Gon -—

1:4]:

Timken R Pe eis, | 8 Tri-Cont ......

° 0. .

Und Ell Fish .. 53% Bile, cath... ees 8

* s

pf $30 w 1318 : 189 «1 Antal . Oriental Crisis Crisis Is Felt) n Amn

Amerada if 81h 88 feet [InRubberand | rp, Cyt Prices en 1

56 tab Am Br Shoe .. 41 Ale. . 18? Sitks. ~~ + | :

Am Com {Ailes Garp... “Of Hogs Here 3%:

RAR I Btn TTI ON GA II ns

i? 2

eee 1%

ous Hupp. Moto!

Ind Rayon Inspiratn Gop ear

agg iH

HLL: ++

Am Fae An Ar ation Corp.

NEW YORK, Dec. 13 (U. P.).—Stocks declined 1 to more than 4 points in light early trading today and entered the afternoon with the

- trend still downward. ‘Westinghouse Electric sagged fo 1047, off 4's; Steel common was down fo 553%, off 13%; Bethlehem 55, off 15%; Chrysler 55%, off 1%; Inter-

» .

Balt & Ohio. ... ip & 0 - DEvae alts 13

Feb Steel or oeing. Air ....

18% %'

Kayser Jul ... 5 Keystone Stl .. 27% Kimberly C ... ' 82 56% 1%

The local hog market remained at steady prices today, according to the Bureau of Agricultural Economics. The run was slow in being yarded and adverse weather threatened to reduce the early estimate and also the immediate future supply. Top remained at $8.50 on good to choice 140 to 180-pound butchers. Packing sow prices were unchanged and

qadaaddad g

WANNRRnn E

x2 88 (REE

- ee

Le Coal sak

Loft Tre 1% 1 nes worth 8 Lorillard ...... 18% nk : West | 20% 24% ; wi s Overind. 23% 2 Hrs, Operind. 370 sare Ye cesss 243% 24% a 213%

5» 39%

FRG ae 2 Tr 5 o Mig ....

8% 17%

Burro ave 1t urroughs ”.. esse 3% (Jallahan Zinc. i es Gn 1 {Sent Viol Sug - 1%

Yale & = Yellow Young Sheet oe

LH ++ 1

national Nickel 42%, off 1; Atchison 393%. off 1%, and Sears Roebuck 56. off 214 Farm issues were 2 to 3 points lower, the largest loss in Interna‘tional Harvester. Steels were all ‘down with the leading issues. Rails and oils yielded fractions to more than a point. Utilities eased fractionally. Weakness in rubber futures and silk on the critical Far Eastern situation featured an irregular trend in major commodity markets today. A sharp break in the Singapore market brought selling of rubber futures here and prices fell as much as 20 points. Silk futures had losses ranging to 2 cents a pound on weakness in the Japanese markets which followed the unfavorable developments in the Far East.

bulked from $6.65 to $7. +

Serr “The cattle run consisted mostly of ZertainClimax Moly Co 22% Bolgate-P-P ...

beef kinds. Early transactions in

lower.

No change was noted in sausage bulls, !

up $1 as good to choice kinds sold from $11 to $11.50. Native lambs eased 25 to 50 cents.

Top was $9.25 on finished western | Grown Gark

kinds, best natives cashed at $9, while lower grades sold as low as $6.

Slaughter ewes lost 25 cents to sell ;

at $2 down.

Dee. | &,

Sinking of the American gunboat | 6.

Panay by a Japanese airplane brought a decline in stocks on the London Exchange today. F 2-8

Today's Business At a Glance

GENERAL BUSINESS R. L. Polk & Co. estimates November new passenger car registrations at 195,000 units vs. 197,391 in October and 223,732 year ago; November sales 40,125 vs. 44,524 in October and 43,251 year ago. Treasury Department reports total U. S. stocks of whisky at close of fiscal year, June 30, totaled 445,- - 285,663 gallons, approximately 50 per cent over 1936 and 167,000,000 gallons in excess of the peak preprohibition stocks of 1914; year’s production of distilled and rectified spirits and wines totaled 258,956,386 gallons vs. 23,867,925 in 1936 and 169,126,472 in 1935; of whisky pro.duced 129,000,988 gallons or 98 per cent remained in storage.

CORPORATION NEWS

Kansas City Power & Light Co, 12 months ended Oct. 31, net income, $4,491,681, equal to $8.10 a common share vs. $4,609,123 or $8.32 previous year. New York Central Railway Co, first 10 months net income, $7,404,-

443, equal to $1.15 a share vs. $6,117,663 or $1.22 year ago; October net neome $168, 650 vs. $2,216,357 year

oe Pittsburgh & Lake Erie Railway Co., first 10 months net income, $3,-

| Good: and choice Medium

9, 10. choice. .

choice. choice. . choice. choice.

choice. choice.

ze bu

AEA CD hi adow

slaughter Pi (100-140) ood and choice, ve Medium

00 APS 99 O99 NB BAN 33 reign]

22 Razz Lu azz >

3 ABS 93 3-300

(550-900)

BRIB=AIN=ARI0 8833333333833 9939999093988

(800-1100)

topo

(1100-1300) C

BReBRanHGanss 8333383353833

Taba

(1300-1500)

1550-750) goad

Som ahd choice. .

(150-800) : Common, medium.

: '5.35@ 7.78 6.000 7.50 4.00

5.00 Low - cutter ar eutter . 3.50@ 1.00

6.75@ '1.25

Good 4.75@ 0.75

(beef) Cutter, common and medium.. Vealers - : —Receipts, 50— | 9.00@1).50 S0@ 5

1250-500) Good and chdice.. [email protected] Common. medium. 4.50@ 7.00

" “Feeder and Stocker Cattle Steers (500-800) ood and chalice. . mmon, medium

(800-1050) in and choice. Common, medium. Heifers—

Good and choice Common and medium Cows—

Common and medium ‘SHEEP AND LAMBS —Receipts, 400—

«30 «300.

7. 5. 9. 5.

pb am 82 33 38 33 8 99 68 89

— aon a

897.632, equal to $4.51 a share vs, |Lambs—

$3,758,569 or $4.35 a year ago; October net, $191,427 “vs. $391,016 year

ago. Rutland Railway Co., Octpber net loss, $50,069 vs. net income $4,120 year ago; 10 months net loss, $255,256 vs. $194,264 year ago.

DIVIDENDS

American Commercial Alcohol Corp., cash of 50 cents on common and dividend of 2 shares of American Distilling Co. 5 per cent preferred on common, payable Dec. 24 record Dec. 21. Like payments made Dec. 21, 1936. Carnation Co., extra 50 cents, payable Dec. 22 record Dec. 18 and regular semiannual 50 cents on common, payable Jan. 3 record Dec. 18. Arrow-Hart and Hegeman Electric Co., year-end $1.25, payable Dec. 20, record Dec. 9. Clayton & Lambert Manufacturing Co., 50 cents on common, payable in four-year 5 per cent convertible notes Dec. 15 record Dec. 10. Notes will be converted into common stock after April 1, 1939, at $10. Cleveland Jraphite Bronzze Co., year-end $1. payable Dec. 29 rec- . ord Dec. 21. Glen Alden Coal Co., 25 cents payable Dec. 28 record Dec. 16 making total for year of 50 cents a share, (Copyright, 1937, by United Press)

FOREIGN EXCHANGE |!

NEW YORK, Dec. foreign exchange steady,

Bfend 899 wi Conse a {doltar) ” ...1.00

Fra venns .0330% ARE a . ees i: sae um Iga

« 170045 Germany (mark) ... 4033 Germany (trav Switseriand (franc). B13 Holland -(guilder) rd (krone) — git way e202

( Australia (pound) .. 1133978 Austria (shilling) .. .1893 Czechoslovakis

t + S05 ange ~—.0000% +.0000%

Drugusy (silvers dotiai) 2780 Hongkong (dollar) . 318 —000f anghai (yuan) .. 29433, In qr upee) 3774 ; =031

dia

Ju S. STATEMEN T

‘13 (U. P.).—Noon | lb

03-178) “Good and choice.. ommon, medium.

AGO,

c Dec. 13 (v. P.) —Hogs—Re30,000, fnciuding 11,000

dirties;

0 138.30; 150-200 lbs., $8.10 Gs. kg [email protected]; 250-300 1bs., $7. 507.9 ood. packing sows; $6.65@7 Cattle—Receipts, 24,000; calv jar ‘2000; extensive run fed steers and heifers; most cattle Sint medium to good; “eons Sule lower on ran and 4 ine 2 crop; ery ittle By tl Rota oy Ning, down few @10.50; cows, steady to 25¢ lower; ne 25 @50¢ lower; bulls and . vesalers, steady; weighty bulls, $6.75; vealers, $11. Sheep -— Receipts, 18,000, including 800 directs; fat lambs, Slow, open 5¢ lower; few = saies on / a aS ant $9; best, e; sheep, weak; bes’ good 65-1b.. feeding lambs, $a. LAFAYETTE, Dec (U. Market, steady: uli Yao tio a 0) todo0 8.50; 170-225 lbs. [email protected]; 225-26). ibs. $1. F0@19 .90; 4280-338 1bs., 31. 304 7.6; w 100.25; raughs, . Calves, $10. BGI: Lambs, $10 down. op Markos, A irl t 1 arke airly active on light su ly; 5580 Tn steady | VifR Se Ge , 98.50 50 140 ibs, $1.9 25 as 18 "1100; calves, rn Tk Te. Yaar] 3 lots * , yearlings, $3. : most steers, $6.75@7. y Ns fous fei 2%; 75@86. 25; sausage alls, rane San: odd hea 7.25; vealers, ‘steady, top, $12. Sheep Riecit = Ao siarcely, éuigh es mar ew and indications weak to 25¢_ lowe:: sales $9 9.25: trict 0 B . and above; slaughter enon mainly

FT. Dec. 1 Market Salts higher: 140-160 Ibs.

Cattle Roens 300; 25¢

= | Cars,

LOCAL ISSUES

(By Indiana To followiag. q Bond & Share Corp.)

or offering, buf proximate L market

recent transactions. BONDS

Tel Tal 4Y%s 61....1 Tel Ft y 82s 55.. Ed 108

Bid Asked

106

Works 5 - Sty s 38

s 5s 50 99% Works 55 65 10 % L&P G6 6s 47 et iE

Light receipts sent vealer erie I

g8 38 83 3

hi her, spois up 240

| 1937

bids and

Dec. 13 (U. P.).—Hogs—

3 (TU. Pio Hope

‘| tubs; extra firsts (90-9 quotations do not repre-

level buying and selling Inquiries or

marke 10802 100

aS! eo 8%

BSR wSam cor

9% 8.

SR 5 { HE w= = FE

PELLET RIL 4

BoE Rms aD :

ed WON

Curtiss-Wr Curtiss-Wr AL os t a3 a De Co +. 24% 24% > oe 3h 21%

"oa

tingon Sch . 4 5 Bat 8 Ya Elec Pwr & Li. 13%

0 : 13% 19 nN STEEL IS REPORTED:

Magazine Says oh! uction Declined in Week.

CLEVELAND, Dec. 13 (U. Ph— Slight signs of improvement in the steel market apparent a Week ago have been multiplied and a change in sentiment has taken pldce, the magazine Steel said today. Encouragement has come from a better volume of orders. “In some cases important sellers

o.00 | 1ast week booked the besh tonnage

in six to eight weeks, and a Midwestern mill has increased operations 10 points on the basis of increased orders, where two weeks ago it had expected to decrease output,” Steel said. The national production rate declined further last week, according to Steel, lost 3% points to 27 per cent of capacity, number of instances this week’s 50 schedules call for additional open hearths and the rate ay recover a few points. The publication sonata “various adjustments are being made in price and allowances to) meet current conditions, pointing out that reinforcing bars have been reduced $2 per ton while discounis on other products have been readjusted. Railroad buying is considerably less than usual at the year end and automobile assemblies fell to 85,765 units compared with 86,848 in the preceding week, Steel said. ————————— ——

N. Y. Bonds

BOND PRICE INDEXES

20 2 2 Inds. Rails Utils. 81.9 73.4 948 82.2 "3.4 942 83.6 "3.6 95.6 100.1 105.8 100.2 106.0 0.1 6. 3 3

60 Bonds 83.4 83.3 84.3 100.2 100.7 81.8

Saturday Week Age .... Month Age .... Year Ago High .... 1987 Low

_ NEW YORK, Dec. opened steady.

Bethlehem Steel 3%s <... Canadian Pacific ..... eee Chi. W. Ind. 4% Sole 55s 7! see gen Jones & Laughlin 4i4s .. 1.0 97 Missouri Pacific 5s '78 y Missounl Pacific 17 -.. Orw

esses

| oe Th Change

45 } , | Texas s "Corporation 3%: las vehse

| Curb Stocks

NEW. Y K, Dec. 13 (0. P.).—OCurb Teguiar, stocks opened r Open Change

American Su rE Foyer sudan Arkansas Natur Associated G Cities vice Lion ‘as ara Hudson Power . Tec

United Gas

good | Wright Hargreaves

CHICAGO PRODUCE

s—Market, firm; receipts, 2263 cases; Sided first less than

fr s, cars, e. 5 2c; extra -

firsts, than cas, 27c;.storage check rent Tectia 241sc; fresh resh d ’90¢; storage -dirties, 17c; rea Aran, 19%c; refri Stelter firsts, 19¢; Fei i eg CR bis "i r — Market, 91% SCO! $oore), 38 @38¢c; (92 score),

39¢c; firsts, Hae! ds, 3041320; specials, 39% standards, -— Market, steady; 1 roceipts, in

t ucks: dus Ks, 5) TUC ic rae hens, SL ae: Brois ers, 24026; roosters, 5

14@15¢c; turkeys, 1 @21c; Leghorn he we: Bah e: 1.10; dansiar, 19@ uc 0! rns, 0 atoes—Su;

iy? daa liberal; demand, fair; i Burbanks 1 adil ih 3 Nort a $1 01 1.10; Nebrasks.

Arrivals, (8aturday), 708; (Sunday),

New Business Books Available at Library

The foilowing new business

“business branch of the Indianapolis. Public Library: by C. A,

BUSINESS 5:48 PONE Alen and oh others

Pec. 13 (vu. P.}.—Bonds :

ess | theory was that the: -| affect the weather, that

books now are available at the | -

Mont War Mother Lode ..

Nash-Kely ..... 11 Nat Cash Reg .

Ohio Oil .... 1215 Owens Ill Glass 66%, Th Pi Am Pish .. 10% st Oil . ji f. 10% » K]

athe .eel patino Mines .. 13% Gl.8d ctp ni Coal

12% 66%,

1 11 i 107% 6

Radio ro Rebublic Stl . n Tob B .

esses

t L-8 Fran pf. shell Un en

AO Shider Pkg .. Socony-Vac "..

Am Gold .. South Pac .... 2% South Ry Spalding

1936 BUYING BLAMED FOR RECESSION NOW

WASHINGTON, Dec. 13 (U. P.).—

ly analysis of the economic situation said today that the recent decline in business activity reflected the |2 influenice of “numerous maladjust- |2 ments” that developed during the past year.

The Board called attention to the | May

large volume of forward orders and increases in inventories made by business men in the fall and winter of 1936 because of belief thaf the rapid rise in costs and prices would continue,

ness was on the upgrade,” the review added, “appeared excessive as activity declined and many enterprises | wn began to reduce inventories in the expectation that they could be replenished later at lower prices,

PLUMBING TRADE SLOWED

NEW YORK, Dec. 13 (U. P.). — Progress of the plumbing supply trade has been retarded since the first quarter, but an upturn in residential or industrial building construction would bring about a quick revival Dun & Bradstreet, Inc., said today.

By JOHN

theories as well as their souls and,

As a matter of fact, none of these theories is very new. One quite old one has had a good deal of publicity of late because of a new book about sun spots. The sun-spot theory is generally attributed to Prof. W. Stanley Jevons as early as 1875, but, as

| & matter of fact, you have to go jo back 136 years to

1801 ‘and to Sir William Herschel for its beginning. Herschel declared that he had

“constantly risen during the time the sun has been without spots; and it has always fallen when those spots began pSappeRr.” a

pg rst affects the crops and the crops afec ‘Then 75 years later a well-known. economist, Prof Jevons, pointed out that astronomers had proven that the sun spots appeared at different intervals and that their appearance was marked by auroras, magnetic storms, cyclones and weather disturbances: He then made a study of business depressions and ities over a period of 157 years from

-11721 to 1878 and he found that the

trade cycle ran over a period of raughly 102 years. This coincided

2004: on track, 7; shipmend| With the theory of a well-known

astronomer of the time that the sun-spot cycle was also 10%; years.

‘two were connected. “The whole theory rests u upon the

A assumption that the production of

‘| tions |

The Federal Reserve Board's month- Be

“Inventories that had not been Ca ng 5 | considered unduly large when busi- re ht

WHEAT ADVANCES AFTER EARLY DROP

Traders Discouraged Over Export Demand.

< CHICAGO, Dec. 13 (U. P)— Wheat prices made a short advance to near previous closing levels today

er early weakness. | ‘At the end of the first hour wheat was unchanged to s cent lower, corn was unchanged and oats were 15 cent lower to 1 cent higher.

The buying power which lifted wheat prices from opening lows was moderate and short-lived as profittaking appeared. Traders have become discouraged over the export demand, which they termed as flat. Wheat receipts were 43 cars, Corn remained dull and without a feature. Prices held within a narrow limit but on scanty buying early losses disappeared and quotaouched previous closing levels. Corn receipts were 174 cars. ARGENTINE Haan BUENOS AIRES, Dec. la, -P.),—Grain futures opened irregularly or Wheat— December, $1. tans, off Tic, 3 off ac. Corn—December. Tic, un

Februa 69%e¢, Bachan d, Oat s 5 aehan a HCL UALY, $1. es ff %c; March, 81.24%, o or off Jac.

WAGON ON WHEAT q SLY grain elevators ure paying for No. red. 84c; other grades on their merits. Sash corn, new: No 2 vellow, 4lc. Oa

En HEA ose Prey. 1.137% $1. 13% 1. 13% Y. 4% 3. Ba " i n 5 3 2

Man the 1 Lan Ln 11

¥o0D PRICES e

(CAGO, (U. P.).—Apples— AL Li McIntosh, a. sa 50. Sweet Potatoes—Tennessee "bushel pipers 31. Carrots—ITllinois, bushels. Spinach—Texas, bushels, 12 [email protected]. matoes—Texas, lugs, $2.2! @3.25, 25 a

184

$10

{encias, $1. 0: Idaho :

1. Ae: ; Jdahio Yalonciay $1.02%2 , $1.15; Jowa Yellows, Cin 10.

See Final Edition of the Times

al for Closing Stock Quotations ..and Other Late News

Recession Revives Old Ideas Of Astronomy in Prosperity

T. FLYNN - Times Special Writer WASHINGTON, Dec. 13—These are the times that try men’s

incidentally, that produce theorists.

In Wall Street and in business circles generally men are looking more keenly at those charts which picture the well-known business cycle. Scarcely a day passes but some expert or would-be expert announces some theory of why business rises and falls and of course along with it

found that the price of wheat has |SUl

Jevons therefore concluded that. the | so

a cure-all for producing prosperity. &—

crops is the controlling and dominating factor in the trade cycle. This assumption was a good deal |v more valid in 1801 and 1875 than it |1 is today. Besides, it has since been discovered that the period of the sun spots is 11 and not 10% years. This is a slight difference but over a period of 157 years it throws the calculation completely out. Also this sun-spot theory is based on the asption that these spots control the weather, and now more recent studies seem to prove that the

with either the 102 or 1ll-year sun- | spot period. . There are various other theories of business cycles built on the weather. For instance, Prof. Henry L. Moore announced that weather conditions in the Ohio Valley Spas through cycles of approximately 33 years and 8 years causing like cycles ithe yield gh acre of the crop.” And he suggested another theory, namely that every eight years Venus gets in the way of the solar radiations to the earth and thus Venus is suspected of playing a role in this eight-year cycle. Thus it is seen that the sun-spot theory is not the invention of

ae Ee SE THAT SANTA CLAUS Wi RETIRA or a

on the Chicago Board of Trade aft-

weather cycles do not correspond |=

Ce as et of enya |

setting the goal at 20,000 workers.

Indiana A. F. of L. léaders today had launched a campaign for new union memberships in the state,

“Officials who outlined the campaign. at a week-

* 4 ? \ . Times Photo, end meeting at the Claypool included (left to right) Hugh J, Gormley, state organization director; . Thomas Taylor; Carl Mullen, State Federation president, and Adolph riz, secretary-treasurer.

REVIEWS PAST STATE CULTURE

Dr. Robinson Urges Historical Society to Revive Pioneer Spirit.

Indiana’s cultural background was reviewed by Dr. Daniel Sommer Robinson, Indiana University de= partment of philosophy head at the annual dinner of the Sociefy of Indiana Pioneers at the Claypool Hotel Saturday night. The affair closed the 19th annual Indiana History Conference. “There is Lothing that could be more restorative and energy-giving for us, than ‘the renewal of our vital connections with those past genera-

tions of our own people, who carved this great State out of the old Northwest Territory,” Dr. Robinson "| Culture Important He explained the true cultural de-

ts | velopment of a people is the true

subject matter of history and added that the .v ried population and customs of the Northwest Territory Prompted Indiana’s cultural back-

a officers elected were Charles N. Fultz, president; Charles J.- Lynn, vice president; Miss Katherine Layman, registrar; Mrs. John T. Wheeler, secretary, and All are of

- During a general afternoon session

Gel- in the Indiana War Memorial audi-

torium, delegates considered the value of museums in the cultural life

of the State.

A LL STATE HOUSE WORK

IS APPROVED BY WPA

Two Indianapolis WPA projects and 16 others elsewhere in Indiana today ga been approved by officials in Washington, D. C., State headquarters here announced. A grant of $23214 for cleaning and renovating the State House, the ‘Governor's mansion and execu-

Jor mapping the underground sewer utility line systems of Indian-

approved. A total of $2,450,000 is to be spent for WPA and National Youth Administration payrolls in Indiana by Ghfigtande, according to an announcement received from Aubrey williams, deputy WPA administra: tor in Washington.

BOY SAVES WOMAN

{ BV Hye

as a hero. He saved the life of Mrs. Cora Monroe, 42, as she van from a burning tent with her hair and clothes aflame. ‘He stopped her, which prevented the flames from spreading, and quickly smothered the fire. . Others burned were: Mrs. Monroe's 33-year-old son, David; Ben Monroe, 26; George Monroe, 7, and Fred Hawkins, 44. ;

tive offices and another for $52,490 |

Sods outside the mile square were

IN EVANSVILLE FIRE |

WILLE, Dec. 12 (U. P).—! ie were recovering from se- | yee burns today and Eugene Powers, | i

Justice Cardozo Gains Slightly

WASHINGTON, Dec. 13 (U. P.).—Associate Justice Benjamin N. Cardozo of the Supreme Court was reported recovering at his home today from a cold which may keep him indoors most of this week. Dr. John Paul Earnest Jr., the Justice’s physician, said his condition was approximately the same as yesterday and that he was showing gradual improvement. In poor health for some time, Mr. Justice Cardozo became ill and was ordered not to attend the routine Saturday conference of the Supreme Court Justices. The liberal Justice, 67 years old, has been frail for several years and two Yeats ago underwent extensive medical

+ ARMORY 10 BE SITE OF AERO EXPOSITION

Legion and Other Groups to Sponsor Event.

= 5 Days

That's Time Allowed Mr. Woolums to Claim Estate.

GTATE Public Welfare officials today had been asked to search for Virgil Woolums, an heir whom they have been told has only five days to claim a “considerable estate, in Kentucky." The only clue they have to his identification is that he “is somewhere in Indiana when last heard from.” This information was given to the Welfare office by R. H. Hardy, Lexington, Ky. Mr. Hardy wrote: “Virgil Woolums is an heir to a considerable estate ‘here, and is not represented Ly by any one. I am distantly relat- Three divisions have been listed ed to him and am his only kins- for awarding of prizes. They are man. . . . I have been tol t gasoline-power models, rubber-powe unless he is found the statute of er models and exhibition scale mode

limitations will bar his claim els. Dec. 18.”

C. OF C. TO ELECT

The Indianapolis Chamber of Cominerce is to elect seven directors to serve three-year terms tomorrow : at the Chamber of Commerce “offices on the second floor of the building, 320 N. Meridian St.

The second annual Junior Aero~ nautical Exposition is to be "held under the auspices of the 12th District, American Legion, and other groups at the Indiana National Guard Armory Dec. 29 and 30¢, Col. H. Weir-Cook, chairman, announced today. Other groups sponsoring the exe hibit and contest in model airplanes include the American “Flying Corps and the Richard F. Taylor Post of the American Legion.

FOR QUICK WINTER STARTING

USE KING BENZOL GAS

“Pletcher Avenue” offers possible’ lower or VARI- ~ ABLE interest rates

Avenue” was swell . , and the lower inferest . rate* lets us pay It off faster. We can put more

You also save expense of FEES for mortgage ine INPOLL 4 anime You may PAY Jour lua

BO Pl 4 1 Po

3 pe 10, com-

353.28 PN Lee 50444 "1.716.230.3219: 7

heli Ll Boehm transaetions—sales. lesres—with scission" o pS resi h: we SL y ” a te HE Ti

Feng: Ah Aotioun x

base wpm. type ond

. ie. isis oi ot ofS - 3

os 1 BS.

ee a ent one Cina wil re Why not sar 8 lan ike thi or ou family nd eure?

GauaRe hE

S.gsusIeens