Indianapolis Times, Indianapolis, Marion County, 21 December 1937 — Page 21

PAGE 20

THE INDIANAPOLIS TIVES

RETR PL

§ i | { nen

Seek Permanent Injunction ‘In Mibhigan Beer Case.

| Attorneys for Indiana brewers today prepared to follow up their victory in Federal District Court at Detroit yesterday when the Michigan Liquor Control Commission was

restrained temporarily from enforcIng Js its order » ban importation of

beer. Harold” C. ! Peightner, Indiana Brewers’ Association secretary, who attended the court proceedings, said hearing before a three-judge court on the’ petition for a permanent restraining “order would be Detroit, probably Dec. 29. The suit was filed by the Indianapolis Brewing Co. in’ behalf of all Indiana brewers. Mr. Feighner said the action challenges the conistitutionality of the Michigan liquor law under which the Michigan ‘Commission sought to ban beer imports from Indiana. Michigan brewers asked their Commission to issue the order, contending the Indiana importation system discriminated against Michigan beer. ~

| RHODES SCHOLARS

NAMED IN DISTRICT

$2000 Awards Go to Four Midwest Students. =

Four university men today had been named Rhodes scholarship winners from this district and are to attend Oxford University in England as a result of their achievements. . : They are J. W. Patterson, Chicago, Princeton University; J. | Harlan Cleveland, Cincinnati, 0. Princeton University; Gilmore Stott, Cincinnati, University of Cincinnati, and

A. Jerome Himelhoch, Detroit, Harvard University. Indiana, Illinois, Michigan, Wisconsin, Ohio and Kentucky are included in the district. -

The awards were made last night

‘men, two fiom “each state Inthe district, were considered. Thirty-two scholarships, each amounting to about $2000, are to be awarded over the nation. “Members of the scholarship com-

‘| mittee here were Hugh McK Lan-

don, Indianapolis, chairman, and Dan H. Snaders, South Bend; L. J. Burlingame, Milwaukee, Wis.; Prof. J. C. Ranson, Kenyon College, Gambi¢r, O., and the Rev. T.-C. Hume,’ Chicago. :

PRISONERS 70 GET CHICKEN: CHRISTMAS

MICHIGAN CITY, Dec. 21 (U. P.) —Inmates of ‘the State Prison will be well fed Christmas. Day, prison officials said today. The menu follows: Roast chicken, mashed potatoes,

and butter, Boston cream pie, tea, apples, candy and, .as an added treat, one cigar. each each.

PENDLETON, Dec. Dec. 21 (U. P)— The Christmas Day: program at the State Reformatory includes a chicken dinner, movies- and religious serv-

chicken, noodles, sweet potatoes, oyster dressing, giblet gravy, cranberry sauce, hot buns, fruit cake, mince pie; : cocon, oranges and apples.

| VAN DEVANTER HEADS

DEPAUW CON COMMITTEE

'GREENCASTLE; Dec Dec. al (U, PJ). Van De-

accepted the National Centennial: Committee at DePauw University. Mr. Van Devanter, from the class of 1881 at DePauw, entered the

2 |school when it was known as Indi-

sna Asbury hk He entared

- i

[Fush Jobs Make Us Smite} Hendren Printing |

_ Company, Ine.

‘There are at least 100 Indianapolis children you. would have a little trouble convincing today there is ‘no Santa Claus. They were guests yesterday of the = Indianapolis Traffic. “Club, ate surkey, got. ‘presents, =

i |BREWERS PREPARE ¢ +3] TO CLINCH VICTORY

held in |

Zippy scooter: type, with one speed - | foward and none in reverse.

giblet gravy, onion and sage dressing, candied parsnips, celery, bread

| ices, according to Supt. A. F. Miles. | 374 The dinner ‘menu consists of: Roast

Mendel E.

and

10IL ON FIRE CAUSES’ FATALITY AT TIPTON

TIPTON, Dec. 21 (U. P.).—Oil poured on hot coals was blamed today for the death last night of Mrs. Mabville Conway, 26, and the loss of the Conway home, two miles north of here. Investigators were fold Mrs. Conway poured coal oil on the fire to get a hotter flame while preparing a meal. Flames were sprayed on her. Her husband received serious burns on his hands and body in dragging his wife and their 4-year-old daughter, Caroline Sue, from the blazing home. The child was uninjured.

DISTRIBUTION OF TAX REVENUES IS MADE

County and City Units Get Eight Million.

_ Distribution of $8,384,098.89 in fall real and personal tax revenues to County and City governmental units was announced today by Charles Grossart, Marion County Auditor. The money was distributed as follows: Sichool City, $2,718,321.94; Civil City, $2,012,158.23; County general fund, $580,562.91; County welfare fund, $448,301.07; County Tuberculosis Elospital (Sunnyside), $61,174.81; County sinking fund, $260,501.72, and for poor relief in all Marion County townships, $484,301.84. Mr. Cirossart said the amount was less than the spring distribution of $8,940,233.49. Delinquent tax figures for the fall period are not ready, he said. : Due to errors in collections, refunds of $3761.76 were mas Mr. Grossart said.

‘All Cars! Be On Watch for Shiny Wagon’

ROCHESTER, Dec 21 (U. P)— The “calling all’ cars” ‘order today among police warned them to be on the lookout for a “shiny red wagon,”

One was stolen yesterday and police took a collection at headquarters to replace it. Otherwise, John Williams, :4, would not have had a happy Chrismas. His father, who ho Fett the wagon in his car, could not. afford another. ’ If they can locate the thief, police think they will be able to get their money’s worth out of him, including $5 more reward money to help find the culprit. . “Just leave it to us,” Police Chief Paul ‘Whitcomb said.

SLAYING SUSPECT'S EXAMINATION (S SET

COLUMBUS, Ind. Dec. 21 (U. P.) -——Circuit Judge George W. Long today sppointed three doctors to examine Stanley Howard, 29, and attempt to determine his mental conditior. at the time he is alleged to have slain his wife, 24, early. in November. The doctors were instructed to have their findings ready to be introduced as evidence in Howard's first-degree murder trial schedied to start the first week in:January. “Those appointed are Drs. Lyman Overshiner, W. 8. Fisher and Rich-

BANK AT SOUTH BEND SUEDF FOR ONE PENNY

| SOUTH I Deo. 21 ©. Py. — South. Bend busities ,- today had on file in circuit court a suit against the Citizens Trust and Savings Bank for one penny. The one penny,

its oo ee ME Smal: | ing been made a codefendant in a | civil suit through

ie benk. sought is the small

NEW YORK STOCKS NE Ww YORK 87 O( KS A , By United Press A= Ty Dow-10nEs ‘STOCK avERAGES, 5 oh High ‘Low . Last Change : » JovsIRIALS ‘Hinde & Dud: 17. fie 1eg C88 Imdte li Yesterday . sesgeaiioe: Ey urn: 5% + We 7 “On re Week ago svaveshgerraceees . amy T ol 3 9 Te 1 3 Month ago Waeeesniviaces und... a i Fe xr. iz ‘Year BBO. isarannsveaee esis 177.30 Hus] Ee % EE 1087, 194.40; low nak, Hupp otar oe 1 i 18% 18%c © 'it| mixh, 1986, 184.90; low, 143 id ‘ou 9 1 ; J i 3 S dat * 2 niral ede. 11% By 13% I 4 Yesterday Boson bein 0A seme +aer| in cont of id ; Ea ; z i - ’ . $ ! ; 33 ne 7% Tock ago sesiusssanssncasces an. HT ‘Inland Sg : % . ol A i 53 & ii | 4 6 46 46 nth - ago seensavesmsoennsrs MISH A 2 . i he a ; 5 : os |Am C a 4 4 .... Year ago .c.i.ives eps osecine 51.88 0,28 Mh us dois 2 a Il pe ’ : 2: LS : Am Can & FP .. 2874 28% 284 + M| migh, 1987, 64.46; low 29.15. ~~ |Inter Iron ... . 10! Wright Aero Jumps| ight National |i gw 8 i d= &) wwe BE Bi [Re | — lt . ° z > : 5a coe br 2 Pa ; ickel: coves 48° i > . sess bas { seen y y L : : Five Points : ’ : . An Joe dl RY 5 + Tag. Yesterday .....eciersasscecrs SLB bona l iat pee os : Re t R Am Mch & Fdy 144 14% 14 # Week R80 ...ioesesevesiessss S188°=-0.18 LI0E FER PE 200 3305 3 T0.83. - CCIPLS INAISC [4m pvr aoc 4 [18 G8 + 5 Meath age coioconiiese. Tree ZLBEc0TL TOY TRU ae : 0. SL 2 : : Am P&L 5 pf A 36 3612 361. + 1 [Year age sidan sn os + 84.38 +o Seah ; . Am Rad & 8 8. 13% 13% 13% + %| High 1987, $7.54; low, 19.65. pts Porker Prices|itiia i Bi Bf © i) me ise Rane ; > NEW YORK, Dec. 21 (U.| TE Am Sma PI BI 3 Te, | Yesterday once AB OTR 3 —S € : : ALL “2802 95ia AF 78 Week ago revedsadoaiiia, coer ALOE 4010.1 Hon tocks SRtendey 1 their Light receipts of hogs around the Am Ths - 8" 6. 8 = [th {Month aps. iuciarssinns..o cn 3981 038. . today, rising NeW | circuit-and the recent decline which | Am Weer W'. 130 156 135 = 70 [Year a coociiniine GR 40081 highs for th th, di- : Am Woolen Ge un an High, 1097, 00.61; low, 38.81. nox fo0m x g oO e mon in di- left local values attractive, forced all | Anaconda ..... 33% 33% 33% = hl High, 1036, 66,38; low, 51.20. ., | " minished volume. Bonds were | weights 10 cents higher here. today | Atmatrons ci © 31 3 a7. T 4 TT Net steady. Wheat gained a: cent | With the trade active at the advance, | 365 bry dds. 1% 1% 14 © % High Low Last Changs 4 ea 1 a bushel and cotton. futures according to the Bureau of Agricul- | AIRS “5pi0 $7 fH 37 i 8 Del & a A037 ATR + W]e Lo el % firmed, tural Economics. The top on better Al Renning ¥.. BE 0% we i pe. nT M ot i ”. bby tL J, : a a rs : i +0 Larger rr (xem 207 Gan the Bock. Exchange $1800 150 to 180-pound. averages All Cg: 4 i Uh UU | Boe AVL oll 0 Rls ge i 2, > reached $820, with most good and | Atlas Tack ... 8 5 5% ons a =. 2 8 i 1 ranged’to more than 2 points with : s Auburn ‘Auto.. 3 3% 3% .... : Mal steels in the lead. A few issues Had] Cr0i® 150 to 350-pound hogs rang- | Avistion Gp...” Be, Fk HA emt | lee Fost go ag A] | : ¥ : vB Bn ER ] wider advances, notably: Wright eto $7 to $8.20. Balt & Ofio. 13% i 1% ict Pwr & Lg 13% ? a : Aero, which jumped 5 points to 83. to 25 packing sows gained 15 cents Bendix Avn ... 13% 13% 12% I BIE Pao Gas. 17% ne fel He] nited States Steel reached 61%, cents to bulk from $6.25- to |Ben Ind Loan.. 17 IT 1 d Johns 35 or Y WD Botileher Was at 61%, tH | Soo, Smooth Ushtweights slightly | Beth Steel, [i 83% 93 95 I £2 [EHe cee Th Th MW 1%. , above the outside. 5 ! y oh { 1; Inland, 76%, up 2%; Orucible,| Another small supply of slaughte IR 5 2 1 Be t 7 Firestone T .... 20%2 20% 20!2 + 35%, up 1; Republic, 19%, up % na Supply [| Boeing Alr.... 30% 30% 30% + 3s | First N.Strs ... 20% 204 20% — { ahd. Youn to ) ¢ 2 Tube, steers boosted values as much as 25 | Bohn Al 26%; 26Ys 26% — J | Flintkote ...... 16% - 16% 16% + gstown Shee cents, with outside buyers most | Ber rden vin sene 11 17 17, — 1 Tollansbee il. i : 121 3% ees 8 ¥ 41%, up %. § Borg-Warner 2€Y%s 26% 26% , t Ya Y% 18% + R Do aggressive. - The steer market gen- | Briggs Mig 21% 21% 21% — 1% iC : ueller glas and Boeing Aircraft each | erally ruled strong to 25 ts | Briggs & fstrat 263, 26% 26% .... : uliins Mig B.. rose a point. Rails picked up in|pjgher 8 sen eo 5 Ye fn + Gar Wood Ind.. 8% 2 3% +n : ™ —- Gen Am Inv . 6% 6 6% .... activity, Harvester. gained a point. | Bulls ruled more active at $6.50| BErR 0, of 163 1 Mw = KISH ARAN CR Rf io Nab dome He : orp. was up 1. McIntyre | own and a few $6.75, while vealers | Burroughs .... 17% 17% 17% .... |Gen Bronze ... 3%. 3% = 24 — Us| Nat Bond .... : Porcupine rose a point. Coppersand | ost another 50 Burraughs -: M3 Mit Mil Ly |Gen cable ..l 13% da 18% %|Nat Oush mep.. 16% 18% 10% = utilities were steady. Motors were $10.50 to “S11 cents to bulk at|calume & mw. 5 8 1B 3% we | Gen Gash 3% 384 3% yoy (Nat Dairy 16 34 14... mized on good to choice Canada Dry ... 18% 18% 13% + W|Ge glsar es ig 8° i : 7 |Nat Gypsum. 1% 1% © 1% Lil Gains of a point or more were Braces, Carriers & Gen % 3% 3% = '% |G Fogle, io: Nip i - Y “I Natwargsion: Bc BT 4 : S Lambs held steady despite further Caterpillar T.. Bi 52 3, corr | Gen Motors ... 33% 33% 83% 'y |Nab Pwr & Lt. 8% 8% 8% — made by Westinghouse Electric, Celanese ...... 10% 18% 16% .... Nat Steel ..... 68 68 88 4 Y losses in the dressed product, best Gen Out Adv . § 5 8 eee People’s Gas, Flintkote, American ’ Cent Fdr iva 8% 3 .:irp | Gen Pr Ink ... 10 10 10 ws | NE { ‘supply Fe eon SN, 2 4 Metals ape y native and fed western offerings | Cerro de asco. 30% 39% 30% + > Gen Pub Sv 0. 1% 1 1% I Ff 14% 14% = 15 fe moor an selling at #. Other good heavy. |S S80" 7 tt Wi Fos Soin mR gk @8 Lo IRS CRE i 8 3 iy weight natives sold for $8.50 to $8.75 [Ch & Nw Ry is i 1%a ..... | Gen Thize Eq. 13% 13 13 NYC DI StonsT 2 22 221 4cents a bale. Around noon the list |. "“|CRI&PTPL. & 2 2% + % : I {j|N Y NH&H.... 2% 2% 2% .... 6tog points net higher. and lower grades down to $6. - OBlids -.overes i 4% 4% Sh gE & 5 be B 3” 2» — BiNvnHgaW.. 18 12-13 i'n i Chrysler ...... 37, B5% 56% + 1 hn : Nor & West...196 196 196 1 : 800 HOG! Ch Tar oii 11% 1% N% + | Glidden, ..- : ish Ra Bh + BIN Amer 0.2% 23% 22 I . f 20 Lanny TA WHOOCGL IO aay war csee ny v: 2 : = | 18. 48.200 5.50 $650 hoo Eivett ean: i i Is, v4 # : codsear ii: . on Ne BT BINS Seinen. 18 ti 2% XL @| " oday sB usiness ie: 8100 8.39 gro aso GO FONE A Tra 11% 11 + % | GEANRY oi 184 a a Sl 17. 7.85@ 8.25 8.25 9000 | Colum Gas ... 3% 9% ot case North pf .. 25% 35% 25% + 9 Ohio Ol ... Cin 13% 13% 4 -% 18. 7.85@ 8.38 8.25 1500 | Col Pict vie. . 1h 14% 1878 244, | Gt Nor Ore ... ia 13% 13% + 1 | lis Elev ... eens 24% Hn Whe. Ya At a Glance a. Bs 1d ,790G 830 830 8000 Som Cred 26% sah 30% =n Greyhound cp. 10% “iow isla Ei Ow III Glass.. 69 . é@ oh. i Free » m «oo w07/8 00/8 99/78 TT BIGTANt PL .ce0e s " I 2 Po { 4 | CORPORATION NEWS LIRR] tna choice. 3 798@ 8.20 Eomamivlo pr 4h al BR HLL wen mien ae = |B ARES Je fa ue Ly Abitibi Power & Paper Co., Lid. | (180-300) Good and choles. 7188 5.10 | Cons Atrorati .. 16ve 18% 18 i" |Harbwale ... 22" 21°. 22 + & facile Bll; 13 2 fe oo November earnings $411528 vs.| (300-230) Good and choice.. 7.78@ 800 | Cons Edison ... 247 3H 38 T= | Hecker Prod '.. os "Su &% ‘ii. | Packard '...... gla aia 4da ll. $431,931 in October and $200,390 year | Heavyweights— Dios 9.150 7.80 Cons RI es (5) 3° 8 LL. TV Heerar...... sth Ti 1% Cw |Barame mello 10 10d lo -2 . bsiina sees 5 . : | ol ago. 3 (390-330) Good and cholcs.. 6:98@ 1.30 | Cons Cosi vie.. in, 4 gi : para Fic 3 pt. 11 ii 1-5. Be Eipilar Tractor Co., Novem- PRRs Coo 4 so 6.0 [ Somtaimer ..... 14% ‘un 14% y Parke Davis... 30% 3% 0% —. | r net profit, $404,574 vs. $743,251 | (350-425) Good :...1:..!l!l. @50® 675 $n 4 a = Wh ] T Ti enn RR ....-. 23 23 43°... year ago; 11 months, $10,001,083, | (438- Sd. arta ga 6.60 | Gont Ei 31% 31% 31% — Y% : ; Peoples Gas... 36, 36, 38 Fh equal to $5.31 a common share vs. BINT PLISUEL ssersecsre: S000 6.65 | Corn Pro Ve ne an 1 'n : : Phila mead © 1 8 ait 1h BALA or $450 year ago. eT Lr cet I TE IE GIIVITY |nilee Bev se ai sift w Florida Power & Light Co. 12 A TTLE ptr CIl A ry, en mn ih i Piymouth oft... 184: 104. {00 1: months ended Nov. 30, net income, —Recelpts, 1300— Crown Zeller 103 04% 10%... Proctor & G.. 45% 45% si ths . $1,779,860 vs. $1,232,342 revious 12 550-900) Choi i ; WH 3 Siang Secs ; : ‘wm ( | Public Serv ... 34% 33% 83% - .... “% months. anv Sl nit RAIS Ques we XC 0% 4% 8% 0 Corn Holds Steady on: Ex-|zuimas®.: 36 Wp 36 1p Louisville Gas & ectric ’ S 5 ; wee : — 3 rn (Delaware), 12 3 Elk iy (900-1100) Chotee™ serinees. . agin Davega cu pf... 14 14 " ... port Prospects. Radi J Fg 6% © 6% + Y 81, consolidated net income, $1,486, Noa 338a £15 Deere & Co .... 26% 26 36 + % ait Radio pt N 00s i 80. Sie ; who Medium oui. 25@ 8. Radio-K-Or ... Pp 668, equal to $1.65 a share on com- Common ny $58 35 Real Silk ...... 3% 3% 3% + % ¢ “pn lass “B” (1100-1309) Oh [email protected] | CHICAGO, Dec. 21 (U. P.) —Pro-|Reo Mot ...... By By ate 1.0 bined Class “A oa gla 01 Ee Mediu © F300 8.13 Curb Stocks fessional traders engaged in sudden Republlg sii Ra 18 1% f 12 months. : £1300-1000) Ghotee : Load By United Press wheat pit activity on the Chicago Ren spring " 1% a4 1% + # ! . ' Heifers NEW YORK, 21 (U. P.).—curb| Board of Trade today and prices Richfield oil .. 8% A 504 deve | 4. DIVIDENDS . (850-780) Shale. vosse ae as stocks opened. Steady: climbed more than a cent. Reyonier Inc .. 25 = 28 ~ 35 © — alee 0 cei ena nh oes Sasa ef a COO siennse nnn « 1.0 2 mes sl ¥ Joseph Dixon Crucible Co, $1 on} Common ......... 5358 1.00 At the end of the first hour wheat |, 1... ved 3 Ho + %| > 3 common, payable Dec. 23 record ( ) Sood” and choice . Ji. .cuuess was % to 13s cents higher, corn was Schenle ol 5% bla Mars | Dec. 20 vs. like payment Sept. 30. | gooa .. ge . BH5Q O50: nd & Sha Arse: 11: fof % to % cent higher, and opts were | S5303 ig: gt Ly - Gotham Silk Hosiery Co., regular | Common, medium ........... 475@ 5.15 [Newmont Mining 5.....:... .+ 81% .,.." | % cent higher. Seabd. Bh BEL. > Quarterly $1.75 on preferred, payable Low on, ois cutter ....... 3.75@ 4.75 | GAIA E poiiiigiseas ot 7% 4% |- Larger commission house activity | Server a 137 IT. 4 : ¥Feb. 1 record Jan. 12, Good (beef) ds chow 1.25 [VES Light & Power A... 33 —.%)| encouraged professionals and their|Shaion BJ... 13 13-13 Fr oo, Tramways Co, regular | Cutler ammon ahd medium. 5.000 0.75 A —- parteivation chased Jrices higher Il | simmons... 13% 9% 20% = 4 > fjuarterly , payable Jan. rec- Vealers o Today’s sudden flurry cory Van ‘1s 1 18% I ®« prd Jan. 4. —Receipts, 700— INVESTING CO.S |was the first real activity in the Chi- | S°% Sac <=: 1852 136 32 17.74 Philadelphia Co., quarterly 25|Good and choice ........... eo [email protected] Bid Bid Ask | cago market in several days as the|SQFor E Sug. 34; 25 245 +. tents on common, payable Jan. 25 | Gull and common. .nrrnrnnis 15a 2.00 ART Aa Fi 8 ie Inyests ox, "13.33 3.7 | holiday spirit showed early signs of Souths pac To. 2 ii % a yh 1 record Dec. 31 vs. 15 cents Oct. 25, Caives Amerex 1800 19.15|1nv #4 © 1092 10.04 | blossoming. Wheat receipts were 5(Scub Ry oa la la if e 20 cents each July 26 and April 26| (350-500) Good and choice. . 190a10.00 Std Oil ; 5.50 6.3% Key cf B3 15.23 16.65 | cars. Sta Brands 8 8 Ea? and 25 cents Jan. 25 Common, medium. 5.00@ 7.0 Bkrs Nat. 2.25 3.25|Key ef K1 15.96 17.37 fk Corn futures held steady on wheat Std O Cal ..... 29% 29% 20% +H Y% " Feeder and Stocker Cattle Bas Ind 3.57 Key cf K2 10.89 11.90 Std Oil Ind 4% 34% 34% 4 ip Railway & Light Securities Co., Steers 3 Bos Fd 16.28 17.41 Key cf 83 14.62 16.03 | market action ‘and reports of a |Std Oil N J 47% 47. 41% Ho 2% 20 cents on common, payable Dec.| (500-800) Good and chotce.. 6.85@ 8.00 Bull Pd 13.87 15.00 Key cf 84 5.08 5.61 | pickup in export demand for the|Sione Si Wev--- 130s 13, 1, i 60 4.00{Mary Fd 6.05 6.63 Studebaker 1s. BY BY ‘4 24 record Dec. 21 vs. 30 cents Aug. 2. (800-1080) §2 nen, medium. 3% 3 Cent Tr 19.85 21.30|Mass_Inv 19.98 21.20 | U. S. crop. Today’s export sales were a 13 3 { Truscon.. Steel Co., $10 on pre- Common, medium. 5.50@ 7.00 Co Ty shrs 33s AN a sec 938 7330 [estimated between 950,000.8nd 1,-|su % 2% . 8 Joel, payable Dec. 21 record Dec. |Heiters— ° ~ eu 120| © AAR | Movie 138 135 000,000 Jushels. Cotn rectipts were | Sv F i + oh Common and medium viii. 5.00@ 6325] " AA m 2:68 ....[New Eng 12531347 |119 cars. Ll Warren Foundry & Pipe Co. reg | Cov » Acc m 2.68 ..../N Y Bks 2.62 ....} : Als fem] » | Warren Founary.&® ripe LO, Ieg-| “Geog ..........:......i0000. 4.50@ 5.25! Cr Fos B 25.00 28.00|N. Y. Stocks, Ine. ' a ove ular quarterly 50 cents on common,| Comm d medium ...... 4.00@ 4. Te "a0 ; ARGENTINE GRAIN 9 a Feb. ¥ record Jan. 15. : a el LAMBS - 345) p Bk 1.51 ... Bldg Su 7.6 735 BUENOS ‘AIRES, Dec. 3. P.) .—Grain It % ' (Copyright, 1937, by United Press) —Receipts, 1000— Dip dns a 28 Flee Ea 598 4818 Loess. yo Fe AL FY fh 030k, a: i bn Lamb : 2 Div D 5.38: Mach 7.76 8.4 changed. December, T5%c, up. 4c; Fane | » r FOREIGN EXCHANGE Shoits evesessanseaisnnaians Hi 38 Div Shrs ax ER Eqt 8.12 | us dary. Toe up Sac. Oats—opot. 207k, 220) c¥nvinsieecsnevs Y ] 19 , ; February, $1 30% un- | Medium - Sev dse srr via 7.35@ 8. 2¢ 37 ces a ’ Ye ’ ae Ey Rees 1 {U. P.)~Noof for. gromamon (LLL ll 8s 7.39 Fidei its lB Re Am Tiha'3 12 sees March, $130%, unchang I i sca a2 1 3 eevee = 1 England (pound) able Rates. , Ghats 50-178) “Good and choice.. “2.50@ 3.00| Bk Stk 3.45 » 1958 387 1: LIVERPOOL 3 WHEAT = ri Eng. (60-d. bill rate) hy 3-16, Rg 4 39 mmon medium. 1308 2500 Ins Stk 3.01 33 LL ig Dei a High 3, Low : Close . Gloss Po C d { oe -3 bins ‘qn he - se Gssvecs 13 — / i 9 France (irene) ese 0330% CHICAGO, 10. 2) —Hogs—Re- | > 5 2 333 Ui iBen res 58 logs Mar ooo MiB 14S i it Tig Hnl, . Belgium | (helga) ": .1600% a Er i of 000 directs mar | Fad, a AEP ANY oN ol SH ih” Lite hw 1 Ie ' Germany Imari) ii Sous sere |loWer; others 10c higher: tob, $8; bulk |Pd Hr A 471 8:38/8el Inc 4.03 ".. Und Ell Fish .. 88% 84% = Ger. (travel mark) .2600 re aod hole fst B00 Top ; 1 x c 08 .... 5 8! a Ya 65% oh Swiizerland (franc) 313% +0000% | $1050" 5s. ‘$7 651.05: 280-306: ha: Wh Gen'Cap 29.1) 31.39i5p Trask 15:34 1604 U. 8. STATEMENT Un On Gal .: ih io Tora = * Sweden rena) eee 2577 ee Ca ttle—Receipts, 6500: calves, 1500: i Sen lny 4.15 si stg Am r 2.70 2.90 WASHINGTON, Dec. in PJ ~Gov- un Ais rat 3s 8.8 86 = 2 ERE EL cee aierees ovaries Sei 2008 of SETS SLR are | Bh ie EL Australia ( .00 +.00% at $10 dominating: 1 0 . 84|8Sup Cp 05 .... | pare th a year ago. n Biscuit .... 17% 17% 17% — 3% A fanfic) +: % i803 Toes but $18. bid" on choice nadia Sk gin 118 ti "8 817 17.7| Expenses 43.908, 623; Tan 8.317 Hist a0 29 plied Copel a2% si 3% XH Be Finland iis : axes strong: bulls, slow, & steady to fo weak at §7| Inv Shrs 0 71 Sup AA 207... | Den iL Sen 313.08 1974'304.839 31 Un Ei Coal ~..! 54 om y Greece (drachma). .0092% esse. i} down; ‘yealers, 50c o : Merch £5 93 ” BB 2:07 .... gal Bai Bal 33380 14 1,002,188,634. oe United Fruit .. 56 56 | Ya 4 Receipts. 8000; So “directs: fat| Min 1.16 1.27|Sup N 9.59 10.40 1,351,798,823.10 1.424,285,420.6 Gas Imp .. 10% 10% 10% -....] “ giigosiavia {dinar}: aol sess lambs, Sow. Sowshard weak; ood and Petr 1.08 114[Tr St In © 2.33 .... | Pub, Dept yi 308, 948,215.70 34,308,793,329.9 8 ror Sec... 7 9 TR kei] . o ese I \] . " coe Boland (aioty) 2808 dni [90 bulk. dhs un: Re MT Shope s ‘tip A fod i God, Ren a 203.83 '828.023.07 is 343.08 08 Hos 3g . 3 ; Ri Bey ¢ ania (leu) ... .0075 sess : ; X 8: . Market Inc 16.76 18.0 i. USR p : 1=.. « Ewes BL SESSA REnE Blanes i i Tn Me LR Brazil (milre vos d cose ov ” . ‘98 SE hen & A { f 9 1: Chile (peso) ...... -0400 reer Thi. [email protected]; $6.50 down. Ins Grp 1.19 13 vig 9 CIEATINGS ... vs eogeesasossosass :-43535.000 —V Lt tie 12450 sii | Caives—$io Sows, 3 Lam Well "Pd 13.18 14.4T0eHMS alll: ny thi sesersunis 1,260,000 van , gdium .... 17 17. 17 (+ Y% " Bollea: BF | Sha hoot ® Bie yiok onem UC. dy dy Ay ? Hongkon| (dollar). 28 apes $8.10; 160- 80-200 ; $7.85; Yaar 6pf.... 26 2614 26% + 3 Shanghai (yuan) . dn —000i% | 200-3 2 ibs, 770: 0; 225.80 ibs., $7.50; 3 FI Ch H ] Alker (H) Lesbo Sl% 41%: 41244 | ¢ pdia (rupee) ...-: pi ees 218 Tbe. § ig (318-300 Ibs. s730; incs00 ynn ar ges oover ear ne wayne. ig. 28% 28% 20% = % PERE R sess j- - oe ] 16 a la CHICAGO PRODUCE ze pHa Hat” Che I i he Bi 1 4 Recelnte 105, "118" direct: diapsoi I Vothin in 1.0Nn De ressic Westing EI 413. 111. 113° FT 1% 2 Eggs—-Market, unsetled; recei 188, 118 Crank: market, active ‘ mn Wheel Steel .... 25% 25% 25% | .... d | EEandrmans Io a Be pope lon Si $8 rs SOSIOL weber gin Bn aw oy § les than cars, checks, 16c: My packing sows, Willys-Overiand 2% 3; 3 4 ge $reen ivi eB SRE ha 9 tei dv, Salve at mixed By JOHN T. FLYNN Woolworth 0 5 at in gh i 4 Bote: ret rator Sah lg, 20¢. 6; ow cu ters He qoutters, $33 es ns: : Times Special Writer: Sky w gley .......c 1 a0 80% TF “ = Butter— arket, unsettled: receipts. 10- | practical top bulls, $ : NEW YORK, Dec. 21.—Herbert Hoover has, of course, been oodward I Co 13% 13% 13% .... | s firsts (50-91 Ye 347, Rece ) reading 832 fic: ‘extras : ss (93 . re). 3 afc. ests 3 he ane eoeints. abo: fone. sire: mar the newspaper ‘accounts of the business decline. Some politicians carmot Yoon rts tone io doit Ba aie, HE 20 pecials, 400 se Che hr in n broad d dena fom | ane feeling that, sad as they ‘are, he may be pardoned an occasional Young Shewt 8 a au Tw Market, ; receipts, Be [email protected]; t ckle. 1 LE Sh Side ire, | 893. most slaughter ‘ewes. | | Now he has come forward with his ideas as to what we should do, | Zenith Rad .... 15% 18% 1% — % ke Brollers, 31c;. RIL Ti@2se: Leg. First of all he says that he can be wholly objective about “this depression, CEE, nijgipes ate. “N.Y. Bonds Ti en Be me pe “Shae dos cc New ‘Business Books | ac: bf - i" : erate; demand : pression”? Apparently ‘he | Apparently, Pr the et edants pial Las opis: wh Rp AEE h pe ol ess er] Terie Sevéll Re shll holds Available at Libvary Ct 5 € IS Wror.g. . same old de- e same views. This might be Bliss Tri $1.15; fat , otih Oakota ss Tri 5 Sas ; (By United Press) . | pression. It is the beginning of the|all right if it were not for the fact The following new. esis x ith _pRkgia Ear y Ohiog, SCammaias. A 2 20 20 60 |ninth year of the depression of 1929.| that in his four years these cures || hooks now are available at the ata atensin Whi “Michi. : Inds. Rails Utils. Bonds | There was an interlude which bore | failed and in fact sent the patient busin : an Russet Rurals, $1.10; (eack gales jess | Yesterday . cee 8L4 731 945 83.0 ess branch of the Andian- : ste : : some resemblance to recovery. But | almost to the e han © lots, 3 crates | Week ago ..i.. 81.6 728 94.4 8304 Ty cemetery. apolis Public Library. sigh U. 8 Nod SLUG. shipments, | Month-age'»i.~'383 104" 048 #25 Ee a An.mprovement in| Offers Same 01d Remedy How To BAT, saLES . fous oes. Year ago .... 043 087 1064 904 sions of alcohol poured down his| He criticizes Roosevelt's managed | | JASE x mail 0 ade ge = 1987 bigh -.... 950 1002 1060 ° 1007 | throat ouf; of the Government treas- | Currency, managed credit, managed al ofa eure ublishing ‘BANK STOCKS 1037 low ..... 801 693 923 s11|ury jug. But he is right when he)interest rates, for pump- t makes ‘a let ; Bid Ask [1906 hirh ..... 948 100.4 1062 lo0:| S8ys he did not create it. He did not priming, inflation . of bank de- AL: AN ANA o a 30% 22 |1936 low ...... 90.8 847 1033 933 create the depression which raged |Dosits, Government Sdmfetion 38 1085 high ..... 91.4 864 1086 931 his Administration and, [yh ‘business ‘through funds | 1985 low yo 88 71.0 89.3 330 | and the use of the taxing power to (Copyright, 1937, Standard Statistics Co.) TOgUaNe, ab 5 . ® .n ‘NEW YORK, Dec. 31 (U. P.).—Bonds does he offer . opened higher, Net t| tellectual and spiritual berty”; Argentine 4 4158 coseesssssceces 95 san 1(D “Drive. every new at on. reeaaaaterass saat B& O 8s ‘ae’ i * 1% | cure |lentlessly”; (3)- *Compel competi- . I asrssnsdrnivanse 3% i ] So W 8s oe the | tion in busin : BY bi 4) 4S ; 7 actu irers “ssscscesstanese 3. pis 3 5 al City cescscococseess 4 3 oo esessssnscses Cl Beir de wort. vi N e PD “Work toward .{ £8 DAILY PRICE INDEX| —— i EE va 4 | Dun & Bradstreet’s daily weighted See Final Edition A don of| THis sounds pretty much like the Dun pry eommodi : ; imes. He might have learned same hole Mr. Hoover went irto in E prios Index of 3 mats ted Aities, of the Times someibing from. shat Wi ul 1928 ald came out of in 1933, It is | — 3930-33 average 1000: fi Id|a pretty hollow-sounding program (I= 3 117.08 what to es en Sipping into oie twenty- ’ : lesdeessrepiesescens in ef years. k ago ov earsssrensancsesdll

sensevsiens

ERR

The judgment st in tho istry of local courts. |

hobnobbed with policemen &t the Hotel grbote The Women’s Auxiliary of the club provided clothing and toys for each child, and friends: of: the| ‘club donated orariges and candy,

| ZOERCHER EXPLAINS

an alleged eror —

TUESDAY, | DEC. 2, 10m

These Children Bete in Santa Claus :

STATE'S TAX LAWS

Provisions of Exemptions Act Outlined.

Provisions of Indiana’s 1937 ‘tax exemption law were outlined this afternoon by Philip Zoercher, State Tax Board chairman, who delivered the keynote speech at the © 37th annual conference of Indiana County Assessors and the State Tax

'| Board.

The meeting, which opened yesterday in the House of Representatives chamber in the State House, is to close at noon tomorrow. The new law provides changes “which are in line with the real spirit: of the State Constitution” covering exemption of real property used ' exclusively for ° religious, fraternal, education and sciertifie purposes, Mr. Zoercher said. “The State Tax Board has many: times recommended that the foun. dation and holding company law be repealed,” Mr. Zoercher said. ‘This was done by the 1937 Legislature. = ' “Any such company existing. une der the new law cannot acquire ads, ditional real estate and have it exe empted unless it was acquired by. foreclosure of a mortgage, which mortgage was owned at the time of. the passage of the act. “All real and personal property -of every kind held by such a company would continue to be tax exempt only; until 1944, when it then will be subject to taxation.”

3 COUNTIES ATTACK “ROAD BUDGET RULE

Claim Tax Board Action. Violates Home Rule.

Commissioners of three counties today were attacking in the courts: the right of the State Tax Board to: limit county road budgets. Although practically every county in ip State is affected, suits have been filed only in Bartholomew,’ Boone and Lake Counties. - ‘Making their appeal on home rule rights, officials of these three. counties specifically are opposed .to the action of the State Tax Board, in limiting ty highway and.re-, pair budgets to amounts equivalent. to what it is estimated the coun, ties will ‘receive from‘ the distribu tion of State funds. Commissioners involved fixed maintenance and repair budgets ' considerable higher than estimates’ of receipts from State sources. They said it was their purpose to make: possible the use by éounties of any" additional State funds they might receive beyord the estimates which are prepared by the State Hoary of Accounts. State Tax Board members prom«" ised the whold@natter would be taken to the Indiana Supreme Court. Un=: less the State Board reduced county budgets to a level of estimated re=, ceipts, commissioners and highway officials‘ could spend money up to: the level set out in their budgets,” State officials said. The net result, Philip Zoercher, : State Tax Board chairman, said,’ would be that a local property tax! levy would have to be imposed to make up the deficit. He added that the State Board had taken its posi= tion. to prevent any such. possibility,

im thin, DEMOCRATS GUESTS:

‘The Democratic State Centeit Committee, Democratic county chairmen and vicé ‘chairmen were guests today at a luncheon in‘the Indianapolis Athletic Club, giver by Attorney General Omer Stokes Jackson, Democratic State :chair-

man. Tt. was. a social h = en

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