Indianapolis Times, Indianapolis, Marion County, 12 January 1938 — Page 14

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PAGE 14

STOCKS IRREGULAR

IN LIGHT

N NEW YORK MART

@»

Bonds Gain Slightly as Japanese Issues Decline.

©) ow

NEW YORK, Jan. {L), P.) .—Stocks were irregularly lower around noon today after uncertain early movements. Volume lightened. Meanwhile, attention centered on other markets. In London, Japanese | and Chinese bonds broke. French | francs were weak, especially in Lon- | don.

cotton eased.

bond market, prices made an irreg- lof ular gain, but Japanese issues were | weight, steady prices today, but several loads of good and choice fed steers and the weightier heifers. were pressure, all grades of cows and even weighty heifers are moving at. unchanged prices.

down as much as 6!; points. On the stock market, copper shares reacted downward on profittaking and showed losses ranging to a point in Kennecott. Steels were slightly lower, but around noon U. S. Steel came back to 61, up !s net. Chrysler lost nearly all of a 1% point rise. Rails and utilities were firm. Oils, building issues, amusements and mercantile shares were slightly easier. 2

Today’s Business At a Glance

GENERAL BUSINESS

American Petroleum Institute re- | ports crude oil production in week |! ended Jan. 8 averaged 3,437,100 barrels daily, up 500 over previous week: gasoline stocks rose 2.040,000 barrels on week to 79,331,000 barrels. Edison Electric Institute reports week ended Jan. 8 electric output |® 2,139,582,000 k. w. h. vs. 1,998,135,000 previous week and 2,244,030,000 year ago.

CORPORATION NEWS

Associated Gas & Electric System week ended Jan. 7 net electric output 84,772,683 k. w. cent from year ago. Engineers Public Service Co. week ended Jan. 8 electric output 47,263,000 k. w. h,, up 2 per cent over year ago. Northern States Minnesota, 12 30, net income $7,066,351 vs. 557 previods 12 months. Dayton Rubber Manufacturing!s Co. and subsidiaries fiscal year ended Oct. 31 net income $334,834 equal to $1.37 a common share vs. $510,465 or $2.46 previous fiscal year.

Delaware, Lackawana & Western R. R. Co. November net loss $315,876 | | vs. net income $251,495 year ago: 11 months net loss $573,372 vs. $374,- | ¢ 396 year ago. { Dominion Stores Ltd. 5 weeks] ended Dec. 31 sales $1979.179 vs. $1658053 in 4 weeks ended De®. 26, 1936; 53 weeks ended Dec. 31 sales $19,838,336 vs. $19,434,891 in 52 weeks ended Dec. 26, 1936.

Hat Corp. of America and whollyowned subsidiaries fiscal vear ended Oct. 31 net profit $662,363 equal to $1 a share on combined class “A” and “B” common vs. $923,312 or $1.53 a combined share in previous fiscal year. Lehigh Valley Rv. Co. November net loss $313,352 vs. net income $169.942 year ago; 11 months net loss $1.222612 vs. net income $1,281,949 year ago. (Copyri pyright,

FAR EAST BONDS DIP ON LONDON MARKET

Power Co. of months ended Nov. $4,936, -

1938, hv United Press)

LONDON, Jan. (U. P.).—Chinese and Japanese bonds broke sharply on the Stock Exchange today because of fears of default. Declines were recorded of from three | to six points and after that dealings | in bonds of both countries became | subject to negotiation. Japanese 512s of 1930 lost 6 points to 44 while Chinese 5s of 1912 were down 5 at 50. Brazilian issues also were weak, losing one to two points.

- ¥ > T FOREIGN EXCHANGE NEW YORK, Jan. 12 (U eign exchange easy 1 ble Rates Net Change | England pound) 8 097% % Eng. 160-d r.). 4.99 001,

§aRada ona) . 00 1-128 0000's

0003 00012

0010

P.).—Noon for-

fly (belga) Germany (mark) Germany Yurave)

(franc ) (guilder) (krona)

ma gwitzerl'd Holland Sweden Norway (krone) Denmark (krone) Australia (pound) Austria (shilling) Czechoslovakia (koruna) Ta Finland (markka) Greece (drachma)

- 00011

(dinar) “vb New Zealand (1b) (zloty)

0) af (unofti$0) Brazil

om uguay Mexico (silver

Ho eaone (dollar) Shanghai (yuan) India (rupee) Japan (yen) ..

U. S. STATEMENT

WASHINGTON, Jan. 12 (U. P.).—Government expenses and 2 CPtS Yor the current fiscal year through Jan. 10, compared with a ear ago:

s Yea Ripe .84, 038. 615, 9; 78. 89 a :: 018,006

INDIANAPOLIS CLEARING HOUSE Clearings $3.263,000 Pebits .. ... 6.995,000

LOCAL PRODUCE

Heavy breed hens, 4'2 Ibs, and up 13c; der 4% Ibs, 14c; leghorn hens 12¢: vy springers, 12 Ibs, and over I8c; horn sprin: STS, 112 Ibs, and over 13c: avy sta leghorn stags, 1g; bareek broile oa i roosters, s—No, 1 strictly fresh conhtey gs, ch full case must weigh 55 i deduction 3! a Sh for LAR

to 20 cents from their recently high levels, according to the Bureau of Agricultural scaling upward to 200 pounds lost only 10 cents, with 200-250-1b. butchers off 15 cents and heavier weights {20 cents under Tuesdays early or best time. 150-170-1b. averages. Copper futures reacted sub-| were down mostly 15 cents, bulking stantially in New York. Grains and | from $6.10-86.85, with a $7 extreme

On the New York | top.

predominated, and sold after some hesitation, but an increased number of good and choice steers around $9 to $9.50 still remained in prt hands, carrying weak to lower bids.

downward from $7.50, a package lot good light weight $8. Several loads beef cows landed at $5 to $5.50, odd head showing grain to $6. grades bulked from $4 to $3. Bulls sold weak to lower, with Pracuicslly/ &

steady, good and choice $11.50 to $12.

lower, or $850 for finished kinds. Native

| $8 to $8.50, few strictly choice $8.65. Slaughter ow

h., off 6.7 per |;

Barrows

Packing Sows

Slaughter Pigs-

Steers—

Steers and

All Weights—

Yearlings eXCiuged (all weights)— thee 6.5

(All weights) (All Weights) Good (All wei Cull an

| Steers—

| Heifers—

| Lambs—

red 31,000, including 8000 directs; mar-

largely crop meaium grades scarve steers of value to very $8 up, 25c off: other steady to weak: at light

25¢ lower all light kinds steady; weak: vealers $12;

directs; around. on good and choice:

Receipts, holdover: 10c a

mon and medium, $646.25; practical Hye on light supply; native lambs $8 go ium usually subj ct ewes mainly $2@

Market, vy $9:

$1i@11. s:

VOLUME

Hogs Decline To $9 Top at LLocal Market

Local hog values yielded from 10

Economics. Weights

Top fell to $9 for best Packing sows

Killers took hold of plainer grades steers and all grades of handyor lightweight heifers at

under However, at this writing the

Steers to sell at $7.75 and down

valued Best heifers in load lots ranged

Cutter

1othing above $6.50. Vealers were

Fed Western lambs sold 25 cents

lambs moved generally

teady. with good to choice mostly

ewes unchanged at $4

mn.

HOGS

Bulk Top Receipts

©OwOMP — “ITD CE3389G5

= 2

and Gilts— 1140-160) Good and 160-180) Good and (180-200) Good and 200. 220) Good and 220-250) Good (350- 290) Good (290-350) Good

bad odd: led Sura

1275-350) (350-429) 1425-550) 275-550)

Good Good Good . Medium

(100-140) Good and choice . Medium

CATTLE -—Receipts, 1400—

) ) 000 AAR her Ou ro

(750-900) 1900-1100) 1100-1300} 1300-1500) 1750-900) G (900-1100) 1100-1300) 1300- 1300) 1750-1100 1190- 1300) (750-1100)

Choice Choice

DD S32

Medium Medium Common Heifers— Choice Good

(550-750) 1350-750) Cerab Heifers 1750-900) Good (All weights) Medium Cutter and common

Cows

Choice Good

Bulls

Good (All WeIGhts) ‘Medium Cutter and common Vealers —Receipts, 500— Choice

bts) Medium common

C (250-400) Choice (250-400) Good 1250-400) Medium (250-400) Common

Feeder and Stocker Cattle

1500-800) 7.50@ (800-1050) T.95@ 1500-800) Good (800-1050) 1500-1050) 1500-1050)

Choice

| 1H Medium Common

1500-750) Good and choice. . Common and mecium SHEEP AND LAMBS —Receipts, 1200—

68.25@ 5.00@

0 25 30 5 3 25 | 30 23

wer Mats

S7 orm AR OREd

CHICAGO, Jan, 12 (U, P.).--Hogs—Re-

enerally slow: steady to 10c lower: 220 1hs. down: weights upward 10c to 15¢ off; some bids good ad choice 150-220 oo hs 65: 230-260 Ibs... bs, 5 2517.60; packDe shade lower; early

Cattle. —Receipts, 12.000; calves, 1500; steer run: well conditioned new- | steers predominating: common and

38 Bag. ys [email protected];

SOWS

_little done early; $7.50 9.75; steers, weights, $12.10;

a few loads selling yearlings early $10.75 . and prime medium weighty heifers weak to fat cows steady: bulls and selected vealers to

12 000, including 1500 fat lambs opening slow, indication steady: buyers talking’ [email protected] toppy kinds held $8.75 an ications steady on

cutter grades fully ready. bulls, $6.75 dow Sheep—Receipts,

@8.85 and better: sheep; no early sale CINCINNATI, Jan. 12 (U. P.).—Hogs— 2700, A oaing S00 direct; Re ¢ lower, 9.05: 200-228 1bs., $8.60; Too" 1B 60: good aa sows,

$8; SYD peers Ee eto pal 2, ove

ts. 100; none direct: stead few good ewe and wether 8 @ 8.50: Sommon 1 aud med S35 Sr 50; hea jambs > $1 discounts Yiaughios

12 (U. P.).—Hogs er: bulk 150: 160 3 170-180 lbs. 8.50;

s, $7.40; Toad MEE Sheep —Receipt

grades

LAFAYETTE, Jan.

pigs, hb 75 Bap a 20 down. Calves,

YNE, Jan. 11 . P.) —Hogs—

00: 120 1bs.,

$6.50; og! 25; calves.

‘stags, $8. 8

$11. 50: jambs,

DAILY PRICE INDEX

NEW YORK, Jan. 12 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic comm®dities, compiled for the United Press (193032 average 100): Yesterday .....iusvavsesssces 117.05 Week ABO ..i.itiiiiieiaenss: 11632 Month ago basaasnasasesssas 117.31 ) i aha 143.82

| —Spot,

THE INDIANAPOLIS TIMES

a —_ Net High Last Change 104%

Adams Exp 21% Ya

Addressograph 2 Air S , RIS30W 17 17%

Alleg Alleg S Tndust a0 175

Allen

DEE]

JH:

olen Woolen pf. 33s Anaconda 362 Armour III .. Arinsifong Ck

Asso Dry Gds As Dry Gds 1 pf Atchison Atchison pr Atl] C Line .... Atl Refining “eu Atlas Corp .... Atlas Corp pt Auburn Auto ..

‘. . . 38% 5

:¥:

. Ht

Balt & Ohio

| +

Barnsdall Bayuk Cig Beld Jem, Beth S 6 Beth Steel 3 of Bigelow San ... 2

Boeing Air .... BOr@en. ........ Borg-Warner Botany A

riggs Mf 3klyn-M

FELL

M yron Jackson.

Cal Packing .. Callahan Zine . Calumet & H .. Campbell Wy ..

Nae

Cent Foundry Cerro de Pasco. Certain-teed ..

tC Gt bot tf oad Fr

Aik Col Fuel & Iron Colum Gas ... Com Credit Comnw & So .. Cons Cigar *...

FEE HH | HE

Container Cont Can .. Cont-Dia

Crown Zeller .. Crucible St .... Cub-Am Sug

WHEAT PRIGES SLIP IN CHICAGO TRADING

Corn Declines With Lack of Export Interest.

DEE ELE

CHICAGO, Jan. 12 (U. P).— Although Chicago wheat stubbornly

resisted selling pressure after thel!

opening break, futures on the Board of Trade maintained a level below the previous close today. At the end of the first hour wheat was 4 to !2 cent lower, corn was

14 to 3 cent lower, and oats were 14 to 3: cent lower. Winnipeg declined after the opening sell-off but not even this bearish factor could effect a further decline in Chicago. Buying by some export interests in anticipation of demand from abroad was a stabilizing influence after the start. Wheat receipts were 13 cars. Corn followed wheat on lack of evidence of export interest and ship3 | ping interests have failed to support the market. Around 61 cents, May corn attracted some buying. Corn receipts were 162 cars.

ARGENTINE GRAIN

BUENOS AIRES, Jan. 12 (U. P.).—Grain futures opened irregular. Wheat—February, 11, up Sc: March, $1.1133, up lic. Corn—January, 90%ec. off Jac: February. 893%c, unchanged: May, 66c, up lic. Oats 3le, unchanged. Flax—February, $1.37, off lic; March, $1. 37%. off ec. * WAGON WHEAT City grain elevators are paying for No.

2 red, 89c: other grades on their merits. sash corn, new No. 2 yellow, 50c. Oats, c.

ELECTRICITY OUTPUT

DOWN 4.7 PER CENT

NEW YORK, Jan. 12 (U. P.).— Electricity production in the week ended Jan. 8 declined 4.7 per cent below that in the corresponding 1937 week, the Edison Electric Institute reported today. Production in the latest week totaled 2.139.582,000 kwh, compared with 2,244,030,000 kwh in the 1937 period. In the week ended Jan. 1, production was 1908,135,000 kwh, against 2,080,954.000 kwh in the corresponding week of the previous year, a decrease, after adjustment to include holiday conditions in both years, of 3.4 per cent.

CHICAGO PRODUCE

CHICAGO, Jan. 12 (U.P) Benes Michigan McIntosh, [email protected]. Sweet tatoes—Tennessee bushel hampers, 80@ de. Carrots—I pinols bushel 0a a nach. [email protected] atoes—Cuba

To! : 3.95 a TIC enan ’ 061.75 Peas—California, hamp73.15. Celery—Michigan, square @75c. Onions (50 sacks) — Tlinois, Y3Uows, Indiana Yellows, Michigan Jtliows, [email protected] (st. sales); I 1.35; Cae Valencias, "n 30; HAN $1.35; Colorado yellows danvers, $1 Jo. Michigan yellows, $1.25 Eggs—Mar et steady; recei 4 8853 cases; fresh graded firsts, cars, 23, @23¢; than cars, 22%ec:; extra firsts, cars, »3Vac; less than cars, 22%c; fresh checks 17%c: fresh dirties 18%c; current receipts 21'%c; hoTrigerator standards 20c; refrigerator firsts. 19%5¢ Butter—Market Steady, receipts, yoy, 999 gross 1bs., extra firsts ( 6-911, score), 31% @313%c; extras (92-score), 32¢; a 39% 3lc; seconds 27@28c; specials 3 la @ide. standaras 31%e Poultry—Market trucks;

: turkeys 18 24c; 16¢. . Cheese—Twins Baas oe; daisies 1"@ 17%c; longhorns 17@ 17% Potatoes—supplies moderal ; demand slow: market steady: Idaho yi Burbanks, $1.40@ 1.45; Colorado Red MeClures $1.40/1.55: North Dakota Bliss Triumphs [email protected]: Michigan Russet Rurals $1.10. Arrivals 78; on track 233; shipments 823.

See Final Edition of the Times for

Closing Stock Quotations and (

By United Press.

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday ........ Tesnunnss 134.35 Week ARO ..cvevnnninannse. 12466 Month Ago ...cvvvvinneees 12419 Year Ago uf High, 1937-8, 191.40; low, 113.64, High, 1936, 184.90; low, 143.11, 20 RAILROADS Yesterday ........... avsaee 3225 Week ARG ......covvneences 29.1% Month Ago ....cievvsennss 31.38 Year ARO". ...o.0nvvnuns wee. 33.63 High, 1937-8, 64.46; low, 28.91. High, 1936, 59.89; low, 40.66. 20 UTILITIES Yesterday .......... raven « 21% Week ARO ...cevnevneens.s 2093 Month Age .. 21.46 Year Ago High, 1937-8, 37.54: low, 19.65. High, 1936, 36.08; low, 28.63. 70 STOCKS

--0.%0 +0.05 + 0.69 -—0.29

“esis aneranna

Yesterday Week Ago .... Month Ago Year Ago High, 1937, 69.6%; High, 1936, 66.38:

0.19 —0.17 0.20 +0.13 low, 38.8%. low, 51.20.

High or ws

Curtiss-Wr A .. 13 8 Cutler-Ham .... 24 var

Net Last Change

Curtis Pub

- -+

Deere & Co Del & Hud ... Diam T Mot ... Dixie-Vortex ... 1 Douglas Air Dresser B Pont ....

+ [ ++

112 . ‘11915 119 —lE— 166 165% 207g

13 10 131% 383,

. .

East Kodak ....

El P Elec St Bat Eng Pub 8S Equit Bldg Brie .....

DEERE

Francisco Sug i Freept-Sulph..

Gair Robt ... Sar ot of.

ges Cable Electric Mills

x Geanam, TPaige. Granby

Holly Sug Homestake ... Houd-Her B.... Houston Oil .. Hudson Motor. Hupp Motor

Ill Centval

Inspiration Inter Iron .s Int Harvester Int Int Int Int Int

mt ré&T.... Intst D 8 .... Jewel Tea

Kennecott

ama, Joco

Lone Star, Cem Lon A orillaed’ Ludlum Stl

arshall Fid .. artin Gl asonite Corp. cKeesport . cKesson & R IcKes'n & R pf cLellan St....

5 32 o] o

I i i 0

ident Pet Midland Stl Minn Hny .. Minn-Moline

Motor Whi .... 14 Mueller Br .... Murray

casas

Nash-Kelv Nat Biscuit .... Nat Cash Reg... Nat Dairy ... Nat Distillers .. : Nat Gypsum Nat lead Te Nat Pwr & Lt.. Nat Steel .. Nat Supply Penn 223 Nat Supply $2 ot 254 at ; Newpors. Ind 1614 190s C & St 17a & St L pt 38% Smnibvs 232

omn Otis 'Blev Otis Steel . 12 Owens III Glass 66 pac Am Fish 11 Pac Finnece .... 2 Pacific Mills Packard Panhandle .

Phils Jns pf Pitts Sc & B

Poor B Postal Tel |

INVESTING CO.’S

(By the eu Jot Sean Reales Assn.)

ot fk ft pt BS

wm z : gto BBB ISN G1 S RS 01 5 SG £3

LIS 1 TID i 3D C3 1 TIE 3 DD Co ee £3 20 SY OBE ee © 1 es Nada os 13 0 Tt O01 C0 oe CD ht © a BID et edb ad

dd | DRVOWID WILT GIA =I TN

SRA NO Ne Owe Rc —

or, ia’ Dre IOS a .

wd Sans Paswas

BRB. 33523223:

« tld i A uk

: HEgugnssty 28 838

co cow tS 838% © MIDI AID BIEN saomGe Cee RVD WN RIOR DORIS

pr BRON WR RN AO re DOD DI re

- - —-

up Cor A.

gERRIIsERs

tt pt ft - a or

tay

Seab’d Se

ar Roe Servel Inc

Superior

Sw . s

Tenn xr “we

Texas

Tex Sus

Transamerica

Traux

itudebaker

& Co . 8 Vming- Gld xw 8's

NEW YORK STOCKS

Ol...

Boe

173%

187

A 4415 43 32

Tra 6'2 20th Cent- Fox of 30 Twin Ov R T.. 5 Twin Coach ....

Aircraft Co 262

P..

Air Lines.

Biscu

Carbon

U United C United D

orp .. rug...

Un Stores A

Vanadium

Va-Caro Va-Car 6

West Union . 26 Bke .

West Air

Ch ... pf «..

Westing El Weston El In ..

10'2

12'2

Net Last Change

10%

12%

87%

Worthng cv pr pf 45'2 Woodward Iron 18

Yellow Tr Young Sheet .

Zenith R Zonite

14 . 433,

oo IT . 1

——

17%

26% 8's

334 43%

173% 32

N. Y. Bonds

By United Press BOND PRICE INDEXES

20 Inds.

Yesterday Week Ago

Month A

Year Ago

Two 193% 1937 1936 1936 1935 1935 Low

Low

NEW YORK,

High

Years Ago 92.7 . 95.0

High

Jan.

12 cpened irregularly lower.

Am T&T 3!is

Argentine 4s Feb.

Australia Chi Den Rio Grt Nor Norway Phil & Postal U 8 Rub

Curb Stocks

NEW

8s 57

Gr 5s 4s

ber 5s..

N W 43s 49.....

Rails 69. 68.7 73. 100. 87.6 101.2 69. 100. 84. 86.4

20 Utils. 95.0 94.3 24.8 105.7 104.2 106.0 922.3 106.2 103.5 103.8 89.3

1 8

2 3 3 v

(vu.

By United Press

YORK,

Jan. 12

stocks opened firm.

Ark Nat

| Cities Se E Bond & Share

Lockheed

Niles Un Lt Un Gas :-..iy

Gas A rvice

Air

| Niagara H P Bement & P

| ! Alum Co America {Am Cyan B :

\U. P.)

Open Change LR 84! 2 “en

.|U. S. AGENTS PROBE

LOCAL ISSUES

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

sent indicate

actual

the

bids or offerings, approximate

but

market

60 Bonds 82.5 81.5 83.4 100.4 94.8 100.% 81.1 100.2 93.3 93.1 83.0

P.).—Bonds

~—Curb

Net

merely level

based on buying and selling inquiries or recent transactions.

4, Fa H 1 &

nd Asso n

Noblesvill Pub Tel

d Tel Co 5s ahh “ nd Railway Inc 67 ves nterstate Tel & Tel 515s 53... ndpls Water Co 3!2s 66 .. Kokomo Water Works 5s 38 . Morris 5 & 10c Stores 5s 50... Muncie Water Works 3s 65....

Tel T!

Tel

e HILP

4'2s 53

(TH)

BONDS 45s

a ®

Bid 101

Glas 4%7..... Ohio Tel Serv 6s 47

Richmond W W 5s 57

Seymour Water Co H Trac

& L 5s

5s 49 4

TH Water Works 58 56 .... T H Water Works 6s 49 Trac Term Co 5s 57..

Belt, Belt

RR RR

ndpls

St 8t Y

nd Gen Serv Co 67% nd Hivdlo Ble T% pfd....c.s 18%

pid. .

sasbane

Terre Haute Elec Co 6%...... 94 Union Title Co com

Van Camp Milk Co pid. Van Camp Milk Co com (By M. P. Crist & Co.) xMarket St. Investment Corp.. 24.12

xEx-Di

BANK STOCKS

Bid vi

Jankers

3rooklyn Centra

Chase Chemical

vidend

Trust

Trust Hanover

Commercial

mpire First National

Guara Irvin

3ank of Manhattan

Manu acturers’ N

National

City

New York Trust

Public

1107 +0101

Asked 104 105 106% 10612 99 51 86

102 10412 101 102 100 100 103 103 103 102'; 103

WEDNESDAY, JAN. 12, 1938

Fought Cold, Hunger

a Bee: >

Octave Lapointe, one of the Guenet party members, shown in front of the snow-bound tent.

” ” os

» on

Party of 15 Surveyors Stranded

For 39 Days in

Times Specinl MOOSONEE, Ont., Jan. 12.—Add frozen northland.

Canadian Wilds

another chapter to the saga of the

Chalk up another feat of heroism, of stark and unyielding courage in the vast white loneliness of the Canadian wilds. For safe in hospitals—gaunt, bearded, half starved, but still defiant of the worst the North has to offer—are 15 men of the Guenet surveying party which was stranded, practically without food, for 39 days before

airplanes brought aid to the frozen peratures as low as 40 below.

camp in which they endured tem-

For 39 days they subsisted on the® flesh, bones—even the entrails—of 14 swamp hares, four squirrels, two grouse, two Canadian jays and soup made from the inner bark of stunted birch trees. Fifteen men lived on that much food, and it was scarcely enough for one. The story of their rescue by an airplane piloted by Flight Lieutenant G. R. Spradbrow, pilot with Dominion Skyways, is as dramatic as the northland has to offer. Safe in comfortable beds, sated with the first good food and drink they have had in many weeks, the rescued men already are making plans to return to the frozen muskeg to finish their surveying job. The exposition began in August,

2 LOCAL RESIDENTS HELD IN CABIN DEATH

Unidentified Man Dies Dublin Tourist Camp.

NEWCASTLE, Ind. Jna. 12 (U. P.).—Police today held two Indianapolis residents for investigation following discovery of the body of a man about 60 in an automobile at the Longquist tourist camp two miles east of Dublin on U. S. 40. The couple told officers they picked up the man in an Indianapolis tavern and did not learn his name. Tuesday morning, they said, the man suggested they drive to Richmond. At 5:30 a. m. they stopped at the tourist camp and engaged a cabin. They said they all had been drinking and the unidentified man apparently was too drunk to get out of the car, so they covered him up and left him there. Later, when they attempted to arouse the man, he was dead, they said. A post-mortem revealed death was from bkronchial-pneumonia with acute chronic alcoholism a contributory cause.

INTO PROFANE AD

BOSTON, Jan. 12 (U. P) —Federal officials, beginning an investigation, charged today that an advertisement in the radio magazine, “QST,” had used this line, in apparent reference to Franklin D. Roosevelt: “The . .. damned President of the United States.” The line was contained in supposed reproductions of newspaper clippings that formed the background for the message of the aavertisement. The reproductions had been so reduced in size that a magnifying glass was needed to read the profane reference to the President. Other clippings made derogatory references to Bostonians and Philadelphians generally. Federal officials said that the editors and advertising agency were not aware of the intelligence of the tiny type and had expressed regret. The artist or artists who prepared the copper plate were blamed. The allusion to Bostonians was: “Boston—all the people in this part of the country can take a flying jump in the ocean.”

CHURCH LEADER DEAD

EVANSTON, Ill, Jan. 12 (U. P). —The Rev. Dr. William Burton Farmer, 65, former pastor in Indiana churches, died at his home today after a long illness. He had been pastor for 28 years of Methodist churches at Indianapolis, Poseyville, Evansville, and Columbus, Ind. Funeral services will be held tomorrow at Evanston.

BOEHNE TO RUN AGAIN # EVANSVILLE, Jan. 12 (U. P).— Rep. J. W. Boehne Jr., Democrat of Evansville, today announced that he will run for his fifth term as Representative of the Eighth Indjana District.

employed by the provincial government to establish a line of longibude between Ontario and Quebec provinces.

Planes Join Hunt

The surveyors were not heard from after October, but no fears were felt for their safety until Dec. 21, when R. H. Houde, surveying contractor who employed the expedition, flew to a food cache previously established and found it undisturbed. Houde knew the surveyors should have reached the cache in Novem-

ber. Alarmed for their safety, he organized searching parties. of Indians and arranged for airplanes to join the hunt. It was Spradbrow and his companion, Joseph H. Lucas, who first sighted the triangular pile of brush which is the universal distress signal of the northland. Flying up the Missikabi River a mile or two, the pilot sighted the main party of surveyors, waving a red blanket and making distress signals. He landed his big passenger plane on a 300-foot stretch of river ice. The scene that followed can best be described in Spradbrow’s own words: “The sight was unforgettable,” he said. “They all came out to welcome us, even Leo Bernier, the weakest of the lot and the one I brought out first.

All Emaciated

“They were dreadfully emaciated. Their clothing hung on them like scarecrows. Their cheeks were sunken and their eyes seemed to have shrunk gack into their heads. “They fell and flounder'ed as they came to meet us, and they were all bent forward with the agonizing cramps of starvation.” Spradbrow wasted little time at the camp. He took off almost immediately with Bernier,

” >

who was | been

ALLEN IS HEAD OF LUMBERMEN

Convention Forum Planned Today on Costs and Trade Laws.

Harry Allen, Greencastle, today had been elected president of the Indiana Lumber and Builders’ Supply Association, the 54th annual convention of which is in its second day at the Claypool Hotel. Robert S. Foster, retiring presi= dent, was elected vice president. Eighteen lumbermen from all parts of the state were elected directors. Mr. Foster told delegates that a

| prime necessity of the lumber and

building trades is advertising. He urged use of newspapers, direct-mail and word-of-mouth as essential for dealer success. “Now is the time to build a home,” Mr. Foster said. “Building costs have not advanced beyond reason. They compare favorably with low costs during the depth of the depression. Young couples just starte ing married life should plan to build and own their own home as soon as possible.” The annual convention banquet is to be held tomorrow evening. Approximately 1500 Indiana lum= bermen are attending the convention, which is to close tomorrow, Nearly 100 exhibits are open to the public on the eighth floor of the hotel.

COX ACTS TO AVOID BUILDING STRIKE

Emmett Cox, State Labor Division conciliator, today attempted to arrange further conferences to avert a threatened strike after the management of six downtown office buildings said no further negotiations would be conducted with the Building Service Employees’ Union, Local 41. Building owners had accused union leaders of unfairly increasing membership rolls at the time Reginald H. Sullivan, former Indianapolis Mayor, was making a canvass of building employees. Orval Peats, union business agent, denied the charge. Mr. Reats said a strike will not be called until all efforts at mediation have failed. He said he had informed that Robert Fox,

near death, because a blizzard was|U. S. Labor Department conciliator, brewing and the pilot was afraid to would enter the cas case.

take a full load. He tried to fly to Rouyn, but ran into the blizzard, | turned tail and scuttled for Moo-!| sonee. Later he returned to the desolate camp for more of the men, some of whom were brought out in other planes.

Auto Victim

Mrs. Evva Gant, 58, widow, of 1010 E. Ohio St., today became Marion County’s 12th traffic fatality of the year. She died today after being struck by an auto last night in the 900 block W. Washington St.

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PRINCESS JULIANA IS AWAITING CHILD

SOESTDYK CASTLE, Netherlands, Jan. 12 (U. P.).—Most of the 8,500,000 persons in Holland centered their interests on Soestdyk Castle today where Crown Princess Juliana awaited the birth of a child who will become second heir to the throne of the House of Nassau. KENNEDY IS BACKED WASHINGTON, Jan. 12 (U. P.) — The Senate Foreign Relations Committee today reported favorably the nomination of Joseph P. Kennedy to be Ambassador to London.

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