Indianapolis Times, Indianapolis, Marion County, 28 December 1937 — Page 7

SEVER L STOCKS ? MAKE NEW LOWS AS MARKET DROPS.

Pivotal Issues Lose; Tickets Fall Behind.

~ NEW YORK, Dec. 28 (U. P.).—Tickers fell behind on the Stock Exchange today as a fresh burst of liquidation hit the stock market. Pivotal issues broke to losses rahging to more than 4 points in U.S. Steel.

Several issues made new lows, notably motors. Dome Mines, how-

ever, made a new high at 57%, up a}

point. Other gold mining issues were strong as traders bought them, as hedges against possible inflation.

Consolidated Edison equaled its low. Rails lost fractionally. Automobile ‘equipments sagged with motors. Electric Auto Lite equaled its low. High-priced issues had large losses, featured by Eastman, which was down 4% at its low of 159. Harvester lost 27% to 62. Sears Roebuck declined 2%; to 551. Loew's made a new low at 45%, off 1%.

WHEAT PRICE DROP IS MORE THAN. CENT

Corn Slips Lower on News:-of Small Export Demand.

CHICAGO, Dec. 28 (U. P)—A downturn in Winnipeg, plus discouraging action on the New York Stock Exchange, turned Chicago Board of

Trade wheat prices more than a 3

cent lower today. At the end of the first hour Wheat | § was 5% to 11; cents lower, corn was 3% to % cent lower, and oats were 3% to 1 cent lower. > Export demand has become flat and this was a further discouraging factor in wheat trade. Chicago De-

: Packi cember wheat, trading in which will

end today, slipped a cent because of changing operations between December and May futures. Broomhall commented today that the high price of corn in the Argentine may cause wheat feeting to cattle and result in a change in world wheat prices. Because Argentine stocks are depleted there will be no pressure of South American wheat for some time, the English authority said. Wheat receipts were 16 cars. On news of small export demand corn prices slipped lower. The action was mostly a reflection of lower wheat prices, however. Receipts were small, only 57 cars, but traders overlooked this item.

ARGENTINE No UENOS AIRES, Dec. 28 (U. P.).—Grain s opened steady. Bh. Foran % unchanged; April $1.04), unchanged. Corn—January. 3lc, unchanged; February, 80%e¢, uncha Oats—S 29%c, unchanged Flax— rr $1.3 %: unchanged; March, h, $1.30%. unshahged. Prev.

LIVERPOOL HEAT i Close Close V 81. 13 $1.12% 1. 09% -1.10%2 1.10% 1.10% 1.10% 1. 1092

‘WAGON WHEAT red, £56" ol Slevators are payin £ Be: other grades on their new No. 2 yellow. 46¢.

for No. merits. Oats,

N.Y. Bonds

By United Press BOND PRICE INDEXES ‘20 20 20 ‘ Inds. Rails Utils. Yesterday ..... 80.8 71.5 93.9 Week ago ..... 81.5 94.3 Month ago .... 81.1 94.2 Year ago 105.2 Two years ago 90.9 3 103.1 1937 high . 106.0 1937 low 92.3 ~ 1936 high .106.2 1936 low . 103.5 "1935 high .. /103.86' 93.1 1035 low - 89.3) 83.0 (Copyright, 1937, Standard, Statistics Co.»

NEW JORK, Dec. 28 (U. P.) .+~Bonds —-Y% — a kG

60 Bonds 82.1 83.0 82.1 99.4 92.4 100.7 81.1 100.2

Tidewater Oil dae hod “ Stak Pw & &Light 5s Hi .

ac Ref 4s . Onited Bisc 5s foes

Curb Stocks

By United Press NEW YORK, Dec. 28 (U. P.).—Curb stocks opened easier. Am Cyan B sessnsee 2%

15-| scarcely enough sheeb. 8.

FOREIGN EXCHANGE

28 P.).—Noon foreign exchange = Cireguiar. Net

93.3 | 260 1bs.;

Hogs Increase 15 to 25 Cents; Receipts Down

Receipts of hogs fell off considerably today, locally and around the market ‘circle, and prices here reverted back to the best time of early yesterday, showing a 15 to 25

trade, according to the Bureau of Agricultural Economics. Top was $8.85 on best 150-180-pound butchers. Packing sows held to yesterday’s late levels, mostly $6.25 to $7.

far apart in their ideas on rteer values to effect any movement of the crop, part of which remained from yesterday’s session. Some low costing kinds at $7 and below found a steady outlet to some nearby killers, but the bulk of the accumulated supply was still in first hands later. Heifers moved rather dependably, with a range of mostly $5.50 to $6.75 considered steady, best on offer being held around $7.25. Low cutter and cutter cows were again cleaned up in a ‘hurry at steady to strong levels, largely $4 to $5.25, but beef offerings selling upward to $6.50 were rather slow movers. Bulls were unchanged at $5.50 to $6.50 for most sausage offerings, practical $6.75. Vealers were boosted 50 cents under light receipts, to top at $12. Lambs were steady this morning.

.| Both native and fed-western lambs | g

topped at $8.75, with the westerns averaging from 85 to 104 pounds.

$3 down.

(Reprinted From Late Times Yesterday)

Receipts 1500" 6000

choice. . 8. 33 choice . choice. .

choice. .

choice. , choice. .'

23-3 pros

00 0998 8

fediu lau, ht r Pi ht 140) Goon 3nd choice. .

ON ARN 3.3 0 53 338% && E11

y —Receipts, 1400— (550-900) Good

89-3 tps

Soh 0 a000 ame

Com (1100-1300)

ABLARBRS BA Tag

FA Bram annSnm-10

9599393399989

M (1300-1500) Gi

(550-750)

Good Common, medium Low cutter beer savas

0 po Soe Be on and medium..

Vealers —Receipts, 200—

Good and choice ...oocveeuene 1 Medium Cull ed common

250-500) Good and choice. 200810. : Common, medium! 5.00@ 7

Feeder and Stocker Cattle Steers

(500-800) Good and choice.. Common, medium. (800-1050) Good and choice.. mmon, mediam. Heifers—

Good d and choice Common and medium ...... Cows—

G Common and medium SHEEP AND LAMBS —Receipts, 3200

desgavsssscssace Ssse0ee

a adn gi agan Hh S33H 9 80 0988 Bh Aa WIR 3x ¥8 8888

ae oa

Lambs— Choice

Shorn Ewes— 90-175) Good and choice.. 2. Common medium. 1. CHICAGO, Dec. 28 (U. P.).—Hogs—Receipts, 18, 000, including 2000 directa: market strong to 10 cents h tly 10

bulk 150-200 op "55. Yeas. 50; 210-240 1 @8.35; 250 0-300 1bs., [email protected]. Cattle—Receipts. 6500; calves, 1500; due to absence of Kosher Kutings 5% ' Bast Friday and Saturday, good and choice steers yeak Sa. 3h per and | Jrder yer accounts; nd ades jably actives 382 1b. lon, a ue alties, $13.25; OHeTS: on Steady 0 wea ows, 1 nts hi buils

strong to Siro steady; Sausage Batts: $6.85; va

ers. $11 to Sheep Recel ts, 6000: no directs; Jags © in broad de mand; alkme 5 set 0 c o ; asking $9 > a on! hand sn sheep firm, CINNATI, Dec. 28

Tew native ewes, cir foo; Receipts, 1700; none airect;” noldover, $e;

supply, ght; stly hig] er: 1a S0: ea bss 5. do; 106140 $6.25.@6. ips, 550;

1bs., $7.65 k t= 1 te ay; Ba “opi. € slow, mos ly steal ‘9 - “steers, $9.50; small lots, 933-lb. $8.75; few mixed Bll ox A heifers, ES $8.25; bulk common to barely HL $5. 50@6. 5; go0d_and choice vealers, 50c

highes;. top, $11 Shee eep op, Receipts, 100; Taaane, direct; ions nominally steady;

a slaughter

market; quotat good lambs eligible around $9;

ne quotable mainly

Dec. 28 (U. RB Pee bulk 150-170 1 , 88 10 Bs. ae asians Tor

seis 00-150 hs. $6. $6.75 he Curves,

LAFAYETTE, Market: steady; -170-225 Hd Shas: 215-325 1bs 1bs., 8.50; rou; $10. 0G 11 Lambs)

FT. Dec. 28 ~—Hogs— Market, steady: 140-169 Ne, $8. 50; 160-180 180-200 1bs.. 222

bs., sa.io; 225-250, Ibs. 87 90: 250-375 1bs., $7.80; 5-300 $7.70; 300-350 1bs., $7.60; 120140 1bs., $8.35; 100-130 lbs:, $8; roughs; CE stags, $5.25. ‘Calves, $11. Lambs,

Us S. STATEMENT

ASHIG ION: Dec. 28 . (U. P. and receipts mon: fiscal year through pared with a year ago:

Eat Expeniges . 3,702 818,443. 62. $3,421,038,583. 383.51 Receipts. . A oat 208.13 eS 110, hott 22 Deficit .... 587,121,144.40 1,310; 227.088. 29 Cash Bal + 3013 {63.30% 09 1,925,530,353.74 yor, Bal.. - 4 486.41 1.447,622,164.94 b. Debt. . 022050. Rn I aa aaa: 91 Gold Ra Rea... Js 13 He 1 ,474,937.25 |

.) ~—Gov=for the com-

Tnsctive - Gold $4003.308. 308.95 od

Es INDIANAPOLIS CLEA ousaRmNG Royse

+2300 sssssesincs snes sy; 8,

"Sad Fou Sir

sessesvesno.

cents gain over yesterday's late|R

Bulovi Buyers and sellers were again too B

top, | &

Slaughter ewes were unchanged at ¢

CE 8.45@ 8. 85 |

me ples 1! this.

Net Last Change uf .

ay El .... — Alaska ga, eg. eos \]lied Chem ...165 \llied Mills ... \llied Stores oe \m Br Shoe ..

. .

SEE Ses ves wre Tw

. .

Smelt . + Stl Fdies -.. Am Stores ....

FP. Am Water Ww’ Am _ Woolen pt. Ar Teh-DsM vi. Armr A Ii

HLL 441

B 4 4 4 4 é 4 4 Am £ am A A 4 4 £ £ Am 4 4 £ 4 4 4 Am £ £ £ { £ A £

Auburn Auto ly

& Ohio .. 1 Barber Co .... Beatrice Cr aye]

thn: Su ne

Borden Borg-Warner .. Briggs Mig ... Bklyn U Gas . Bruns-Balke .. Bucyrus-Erie oe Budd M

. 6% . 16% ush er i 22 r 108 p Boies Jackson 18%

1% 1% Tl

49% . 33%

Callahan Zinc.. Can Pacific ...

Case, J I Caterpillar T so Ches & Ohio 3 Chi “Mail Order. 10% h M StP 1 ChMStP&P t.. . 1a Ch & Nw Ry ¥ Chi & Nw By pt 3 ChiRI&P Ys Chi Bis? 7 of. 2 City I& F .... 11% Gity Ere ces 284 Cleve Graph Br 213 Climax Moly Co Cluett Peab .. Colgate P-P ... Col & Aik Colum Gas .,..

Cons Aircraft . Cons Cons

C Crucible 8 Cub-Am Bo oe Curt Pub ot . ois Curtiss-Wr .

— 1% anny

Deere & Co ... ity

1rena -— Ya

INVESTING CO.’S

Bid Ask Ad Fd 2d 1 212 12.37

B A Invest Bank Corps.: Affi Fd Bl

In 50 4. Std Oil £37 635

Bas In 9 B Fd Inc 1 31 16.37 Brit 5.00 Brd S 7.08 23.56 Bull Fd 1188 14.00 Can Inv 3.50 3.90] Md Ct Nu A 30.00 35.00 25.00 . Cent Tr 10.54 21. 00 Com Inv 3.09 3.30 eu Sh pf 6.50 1s Cp Tr N

PNAS BN 8 Die Sones SSen rey

Sh 2.20 2.10 ...

Dp Bk NY . Dep Ins A 261 vend 2.40 Diver Cc 345 . 5.05 Div Shrs 1.18

9 63 4.19 v. 66 13 Gen Gap 2 28. 1 30.12 4.49 15.25 Gn 4.92 2. 70 Group ot es i 1.10 1.20 0.84

sees

3 1 § Supd New 9.14 : In C2

» St Ol A 831 iS 0. 5

Am Bk . 23 17.30 Test Tha 90 L ig 12.50 13. 8

1.45 148

Yor instance, the

BESS

+ %|1nt

Zid

9 Dae transactions.

4 ota. Ind Tel (TH) 4%s SL. HT

. Trac Term Co §

55 | XIndp!

J 1.1 Ins Grp 1.17 sl ie 93 Ins Co Del 5 I 35 Well Fd 12. Sas 13.72

“NEW YORK STOCKS _

By United P Press,

: 20 INDUSTRIALS AH Yesterday .... Sees wasseens i Week Ago cesessasesesances Month Ago. sessessamersenags 22348 Year Ao ..... ..ccesevseess 17060 High; 1987, 194.40; low, 113.64. High, 1986, 184.90; low," 143.11.

Yesterday ......cco ccoscss.s 30.49 Week Ago sessscse PL ces 32.35 Month Ago ... Year Ago High, 1937, 64.46; low, 20.15. High, 1936, 59.89; low, 40.66. 20 UTILITIES

Week. Ago . Month Ago . oe Year Ago ........ Hasensee » High, 1937, 37.54; low, 19.65. High, 1036, 36.08; low. 28.63.

34.40

sese0 00vsssssine 42.31 63.07 Righ, 1937, 69.67; low, 38.37. ‘High, 1936, 66.38; low, 51.20.

somes

High East Kodak ...

Net Low Last Change 161 -— 2% 184 = %

Glidde obel. oebel Brew .. roodrich

16% 9%

C G C GC Granby Grand Uni G G C (

n HL Teyhound Cp.

‘Hall Print .... 5% Harb-Walk ... 21%

ces 8 oh

ot 4% !

Hupp Motor or 11,

Ill Central ..

a 8; | Int

Int P&P pt .. nt T & T ps 81% —l— Kan C Sou 8% Kaufman DS .. 16% Kelsey Hayes B 4Y Renpios ott 35% ge SS 16% Krome G & B. 18

LOCAL ISSUES

By Indianapolis Bond & Share Corp.) he following quotations do not repre-

Johns-Man ....

8% 16% 4Y, 35% 18% 15

HH sent actual bids or offerings, but merely

indicate the sppraximate market level sed on buying -and selling inquiries or

BONDS el & Tel Ft W 5'2s 53.. H Tel & T ta Pt 6s Ind Asso Co 3s 4125 65

p 28 3 +102 98 | Morris 5&10c Stor A

Muncie Water Wo: hy “10972 Noblesville H L Md Pp 6%as br 108 io Tel Serv 6s 47 Pub Tel 4%s Richmond W W

c & L T H Water ‘Works 58 56 .....100 T H Water works, 6s 49. see201

sete 51

La saw as Je 13

xBelt RR St Yds com . x Belt RR St Yds pfd . Cent Sut, Fe 1% pid .

eh % yind Gen Serv Co 8% pid. Leu Elec 7% pid Hts fd 69 ; 8 D ptd yi “ xIndp

Water Co a Lincoln Ntl Tite Ins Co ¢ ‘com PR 0

ul Progress Laund Smith Alsop Pav Smith Als Terre Haute ‘ees B2 Van Camp M «10 (By vy P. Crist & Co.)

xMarket St. Investment Corp. 21.72 xEx-Dividend.

Flynn Urges Replacement of Flats as Depression Antidote?

; By JOHN T. FLYNN : ‘ Times Special Writer NEW YORK, Dec. 28.—There are one or two things about the subject|U of housing little considered by the average citizen. is in New York City 66,000 tenement buildings more than 40 years old with more than 500,000 flats in them.

They were built before the modern tenement laws went into effect. A man who tried to build such flats now in New York City would be put in jail. Some of them are 50, 60, 70 and more years old. That is not ‘all. They are not merely old buildings, - | put they are buildings in the most * | shameful state of disrepair. It is a fair statement that they are not fit for human habitation and have not been for two decades.

Yet in these shabby, disgraceful buildings, 1,500,000 human beings live in the richest and most modern

the point, the dwellers are not paupers. They pay rent and in most cases very high rent—a price at which they ought to be able to get

grow worse. Nearly 50 years ago Jacob Riis denounced some of them as unfit quarters.for animals. They certainly have not improved.

Found in Other Cities

a smaller way such | or pe found in A in America. of America that you would have to go to Asia and northern [Ce southeastern Europe to find such slums as flourish here in rich America. 4 ‘Why do these places persist? The first reason is that private business ‘nas abandoned definitely the

very city

These are called old-law flats. ®-

abandoned this field, are we to as-

sume that no agency shall enter it? | wa Walworth

city in the world. What is more to|

De Africa and | the

func-

If the public does not provide homes for these low income groups, then no homes will exist for them,

Sees Outlay of 2 Billion

Here is the greatest single depres- West a

sion antidote in existence. It would take about two billions of dollars at

STAT DECLINE IN EMPLOYMENT

November Job slump Noted In 14 Major Groups; Payrolis Drop.

Employment in tndianapolis last

; month declined 2.7 per cent from

espor cKesson Robb Lellan S

. 40 . 40% 8h

i 1to October.

ueller Br .... ullins Mfg 8

urphy pf .

Nash Kelv

, | Nat Dept St.... Nat Distillers ve

at G

Nat P

Nat Lead Nat ead a pf A A..156% 7%

Nat Si Supply Penn 197%

Nt ata” $2 pt

Ohio Oliver Omnib

Oil arm Eq 25

+ % |nonmanufacturing

% | Occtober, the Indiana State Employ-

ment’ Service reported today. The weekly payrool here showed a greater decline, the report said. The total of $1,025,151 represented a decrease of 6 per cent compared A total of 41,064 were employed by 610 establishment here, the service said.

Employment decreases were registered for everyone of 14 major

the State. Nine hunded and fortyseven Indiana fims reported reductions of 6.8 per cent in employment and 15.8 per cent in payrolls. There is a normal seasonal curtailment during November, officials said, but this was greatly accelerated in 1937 by other factors.

2631 Firms ‘Tabulated The report, based on tabulation of 2631 Indiana manufacturing and establishments, revealed a recession in every principal division except the tobacco man-

— i |ufacturers’ group.

Seasonal declines in automobile production and further retrerichment in steel mill activity were md jor factors in the general decline, the sur-

2% vey said.:

122 12% 25

Otis Ste

Pac G

el . 4 | Owens a Glass 61

—P— . 2% 3

AI3 . 13%

4% 9% 2%

San

h h

hillips Pet ... 381 erce O pf ... is Coal

dress 1i

Radio

Sc & . tts United ,..

or Postal Tel pf .

Purity Bak .

hi 32 31% + 11% 7

Stl Car | ve Serv ....

Radio pf N . Reliable-Stores. Reo Mot ves Republic sit os

3 814 Riantiens onl. 8

Sharp Shell’

Elves Xing

Simi

Snider Pk S

9% Simonds’ Saw-Stl 17

& D 4 Un ol’ oe . 16% 6%

h Cor T cts 10 veal

In contrast to employment decreases, average hourly earnings for all factory workers showed a gain for November of 0.7 per cent from the previous month. Indexes indicated that the average hourly rate was the highest of any month for the last three years. Wage rate increases were granted by 18 firms,

affecting over 1700 employees.

November Indiana factory employment, however, was 2 per cent below that of November, 1936.

Curtailmnt Reported Curtailment of production was re-

ported in furniture production, consumer’s goods, canning activity and

¥ tthe paper and printing group. Con-

traseasonal expansion was noted in plants producing refrigerating

equipment, book and job printing, distilled liquors and meat packing. November increases are normal for these groups. Nonmanufacturing industries, although showing a decline, were generally less affected than manu-

1; | facturers. Reductions were generally

smaller. -Reports from 1864 nonmanufacturers showed decreases of 1 per cent in employment and 09 per cent in payrolls from October. Combined reports for all surveys covered by the State Employment Service survey show decreases of 5.8 per cent in employment, 13.4 per cent in payrolls and 13.9 per cent in

7 man hours for November.

,|ROAD EMPLOYMENT

DOWN IN NOVEMBER

projects declined from 4055 workers in October to 1740 in November as construction jobs were completed

3, |and the weather forced: a slowing

Swift Swift

Texas

Tenn Co

Co .. Intl .....

orp .. Cor Su Tr.

Yadsco 8 Sales os 3 nadium sie

Wabash f ‘Waldorf rt By. oe

Ward

Warner DIog | Wa

Vs i BS 51 Va 2

Bak B ... n Br

vee

rren F&P

Waukesh t. 13 Bran Met. 13,

Web

least to build homes for the people Wilso

who live in these blighted old-law|

tenements. When they are built the people who live in them could

In the meantime, all the work done in producing such buildings would stimulate private busihess. The materials would be purchased from private manufacturers. Labor woula be employed and all the spent would be promptly x to private ts

Yellow Tr .... Young Sheet .. =» of upk and interest. | pay the cost pkeep res HE Red

j Bank

Soi

Centr: pi d Ia "Hanover

make its way into private factories.| Sh

‘When the buildings were finished,

{the nation would have an asset of| $2

incalculable value, even if the Gov-

fexumens Tid io weite off a good

proposing of the cost of building 20 a Standard Oil Co. might well make a similar contribution toward low-cost Nousing,

FOREIGN REMITTANCES

Empire

Tn Woolworth

23 10008 te 5Ys 35% —¥—

87%

sind Overld oe i . 35%;

8% 37%

. 12% 12%

BANK STOCKS

of Manhattan . sess ¥ Th

of Non York rk Trust

sevseevone

133 rm _Excha ange grisea: pe Bo pi

. Sreesnns ensesesssasnees 30

down of suspension of most work, Earl Crawford, State Hghway Commission chairman, reported today. The employment peak was reached in July with 5302 workers. Mr. Crawford reported that the Com-

erous projects in order that work may be started as soon as the weather moderates.

‘| TELLS OF DEFIANCE

TO NAZI GOVERNMENT

A small group of German -church leaders, refusing to allow their Gov-

ings,’ provides the most effective op-

position to the Nazi regime, the Rev. George Buckner told the Meth-

day. “These leaders’of German churches are insisting that the Christion religion is not subject to change by the Government, for its principles are principles which continue, » Dr. Buckner said.

VONNEGUT NAMED

- Kurt Vonnegut, focal architect, has been appointed by .the Architectural League of New York as chairman of the Indianapolis area fo organize an exhibit from: this region at the 52d Annual Exhibition ‘of the Architectural League in New York from April 19 to May 14,

TRANSFER CASES ....

Filing Systems Guides & Folders Make your selections now from our extensive stock.

Every size — to fit every need, a Lists

groups of manufacturers throughout.

5 REAL ES TATE SALES

- ABOVE 3 MILLION

Real estate transactions of the North Side Realtors, ar division of | the Indianapolis Real Estate Board, total $3,874,410 since Jan. 1, it had | been reportad: today. . The division made sales totaling $4,600 , 375 in. 1936, William L. Bridges, chairman, reported yesterday at the final meeting of the year at Canary Cottage. The repcrt showed that the 28 members of the North Side Realtors + \pasticipaiod in 576 transactions this year. Classifications reported were: Houses, 371 for $2,786,800; lots, 138 for. $272,660; building ' contracts, 39 for ' $396,500; farms, six for $36, 1700, and miscellaneous properties, 22 for $381, 780.

1937 BUILDING

City Shows Large Gain Over Figures of 37 States: Other Rises Marked.

Indianapolis construction aectivities for 1837 from January through November showed a gain far ahead of the average in 37 states, S. E. Toll, Indianapolis manager of the Dodge Reports, division of FP. W. Dodge Corp., announced today.

All types of local construction totalled - $13,196,500 to Nov. 30, it was announced. This represents a gain of 25 per cent over the total for the same 1936 period, as compared to a 9 per cent average gain in the 37 states, Mr. Toll said. Local volume of private work continued to overshadow contracts financed from public funds. The 11months’ private total was $10,553,800, a gain of 65 per cent over the 1936 figure. Public work total declined, reach-

year’s $4,166,500. Most of the country showed a similar drop for public contract awards. Residential work in Marion County was 47 per cent ahead of 1936, Mr. Toll stated. This year’s total of $4,444,000 compared with last year’s $3,027,500, and also exceedeil the average gain of 17 per cent reported in Eastern states.

ABOVE AVERAGE|

ing $2,642,700 as compared to last | C

FIRM ACQUIRES LOCAL BRANCH OF LYONS C0

McDermott, . ‘Wilson anf Associates Also New Chicago Agents.

Russell W. McDermott, Holman Wilson and associates announ today they had acquired the India; apolis branch of W. L. Lyons & C 40 N. Pennsylvania St., and the bus

address and Chicago. Mr. McDermo Mr. Wilson formerly was Fe! ner & Bean’s manager here bef becoming resident partner of W. Lyons. & Co. Mr. Wilson former was connected with the Nati City Bank of New York before jo! ing the W. L. Lyons & Co. in C cinnati and here. Mr. Moore a Mr. McLean are Chicago Board Trade members and well kno here. John Carroll, John Hancock, ward Hawkins, Donald Sperry, bert Short and Raymond Stum formerly associated with W. Lyons & Co., will be connected wi Moore, McLean & McDermott customer’s men. Moore, McLean McDermott also will serve as Ch cago correspondent for the Lyo: 0.

STUMP TO SPEAK Albert Stump, attorney, is speak. at the Lions Club lunch at Hotel Washington = tomorro noon. The club is to observe Ne Member Day, honoring membe

added during the last six mon

Employment of ‘men on highway

ernment to dominate religious teach- |

odist Ministers’ Association yester-

EXHIBIT ORGANIZER

Russell W. McDermott

and as of this date are becoming their Chicago Correspondent

MOORE, McLEAN & McDERMOTT

40 North Pennsylvania Street, Indianapolis

Telephone LI. 6563 200 South LaSalle Street, Chicago

MEMBERS New York Stock/Exchange New York Curb (Associate) Chicago Stock Exchange Chicago Board of Trade Chicago Mercantile Exchange

RESIDENT PARTNERS

Announcement We take, pleasure in announcing that

Effective January 3, 1938, we are acquiring the indianapolis b business o

Messrs. W. L. Lyons & Co. 4

7 7

# & ro

Holman R. Wilson

John

John R.

New York Stock Exchange New York Curb (Associate)

— We are pleased to announce that

mission now is taking bids on num-{§

Carroll Hancock

Edward K. Hawkins Robert E. Short C. Donald Sperry

will be associated with our firm as customers’ men

MOORE, McLEAN & McDERMOTT

MEMBERS

Chicago Stock Exchange Chicago Board of Trade

Chicago Mercantile Exchange

Telephone LI. 6563 North Pennsylvania Street, Indianapolis

200 South LaSalle Street, Chicago

: New York Stock Exchange New York Curb (Associate)

Announcement We beg to announce that as of Jan. 3,

MOORE, McLEAN & MeDERNOTT

MEMBERS

Chicago Mercantile Exchange

will acquire the business of our Indianapolis g branch office.

On January 3, 1938, Moore, McLean & ' become our Chicago commodities and grain correspe cents for all our offices, and we take this opportunih commending them to our customers and friends.

W.L. LYONS & COMPA

siablished 1878.

1938

. Chicago Stock Exchange Chicago Board of Trade

McDermont will