Indianapolis Times, Indianapolis, Marion County, 14 January 1938 — Page 26

PAGE 26

STOCKS IRREGULAR

IN LIGHT

TRADING

ON NEW YORK MART

a>

Discounting of Franc Brings Firmer Tone.

NEW YORK, Jan. 14 (U. P.).—Stocks moved irregularly in light trading in the first half of today’s session. Around noon most of them

were above the day’s lows.

Traders felt that the market had amply discounted the French crisis vesterday and a firmer tone was noted at the opening. Later there was some profit-taking. Demand continued for gold mining stocks by those who wished to hedge against possible inflation. Nearly all of the group made new highs. New tops for a year or more were made by Dome Mines at 573%, up 3s; Homestake Mining 58%, up 1, and McIntyre Porcupine at 427%, up v8. Steel issues registered small gains as did motors. Most of the railroad issues were slightly higher and utilities gained fractions to a point. Farm shares eased. Coppers eased to the previous close after a rise.

Chemicals were a point or so lower. n ns »

Today's Business At a Glance

GENERAL BUSINESS

Dun & Bradstreet reports retail trade this week 2 to 5 per cent over last week, and 2 to 6 per cent over year ago; wholesale, 3 to 10 per cent over year ago. Federal Reserve reports gold stock this week unchanged at $12,755,000,000; excess reserves $1,390,000,000, up $120,000,000; circulation off $115,000,000; brokers loans up $8,000,000; ratio 80.1 per cent vs. 80 last week and 80.3 year ago.

CORPORATION NEWS

Cook Paint & Varnish Co., first 11 months net profit $45€,814, equal to $151 a common share vs. net profit of $483,428, or $1.65 a share in year ended Dec. 31, 1936. Fiscal year has been changed to end Nov. 30. Federal Light & Traction Co. and subsidiaries, year ended Sept. 30, net income $1,451,896 vs. $1,607,383 previous year. Kroger Grocery & Baking Co. 4 weeks ended Jan. 1, sales $18,392,881 vs. $23,914,386 year ago; 52 weeks, $248.442,049 vs. $242,273,498 in 1936, up 2.5 per cent. Louisville Gas & Electric Co. (Delaware), 12 months ended Nov. 30, consolidated net income $1,365,450, equal to $1.51 a share on combined “A” and “B” common Vs. $1,855,998, or $2.06 previous 12 months. R. J. Reynolds Tobacco Co., 1937 net income $27,602,372, equal to $2.76 a share on combined common and Class “B” common vs. $29,233,135, or $2.92 in 1936.

DIVIDENDS

Philadelphia Co. semiannual 25 cents on 5 per cent preferred pay-

able March 1, record Feb. 10. (Copyright, 1938. by United Press)

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. . 82.8 68.9 95.4 69.6 91.1 2.8 94.4 100.9 105.7 89.5 1046 101.2 105.0 193% 69.3 92.3 1936 100.4 1062 1936 90. 84.7 1033 1935 86.4 1036 1935 0 89.3

60 Bonds 82.4 81.9 83.0 100.5 95.7 100.5 81.1 100.2 93.3 93.1 83.0

Yesterday Week ago Month ago .... Year ago Two vears ago. 93.1 193%

81.6

(OU. P.) ~Bohas Open, nity:

NEW YORK, Jan. 14 opened steady. Australia 5s

+1%

Stand Oil N J 3s

Curb Stocks

B8v United Press NEW YORK, Jah. 14 (U. P.).—Qurb stocks opened steady. oven ot

Alum Co Am .... &

& as Lake Sh + Lockheed AT vs il 3% —Vs

FOREIGN EXCHANGE

NEW YORK, Jan. 14 (U. P.). ~—Noon 3 foreign exchange lower, able Rates change

nd (pound) . 4.99 —.00 7-16 Engi so- d. bill rate) 13% 5 16 —.00 7 16

(doliar) 3-6 03322 1-.0003% 0326s 1.000078

—.0005

—.0002 —.0002%

Belgium (belga) Germany (mark) .. Ger. (travel mark) Switzerland (franc) Holland (guilder) . Spain (peseta) oe Sweden (krona) Norway (krone) Denmark (krone) . Australia ound) . Austria (shi ling) Czechoslovakia tkoruna Finland {markXa) . Greece (drachma). Jugosiavia (dinar) .. New Zeal. thound) . Poland (zloty) .

Light Porkers Gain 5 Cents In Trade Here

While local hog values dropped 10 to 25¢ from Thursday's early or high time, lightweight hogs under 200-ibs. showed mostly a 5c gain from yesterday's closing levels, according to the Bureau of Agricultural Economics. Top worked to $9 for best 150 %to 170-lb. averages. The big end of today’s downturn hit weighty hogs scaling over 260 Ibs. and in sympathy, packing sows lost around 10 to 15¢, bulking from $6 to $6.75. There were more heavy, rough sows today from: $6 to $6.15, with only a few good lightweights reaching above $6.75. Premiums remained very scarce as local values held a comparatively high position, especially lightweight offerings. Limited cattle receipts offered | no thorough test, but trading on | all classes continued in the dependable manner which has characterized the week's previous dealing. Steers grading low good and below, valued at $6.50 to $8, are mostly 25¢ lower for the week. Scatterings of lower grade heifers cleared today at $6 to $7, with cutter grades of cows at $4 to $5 and best beef cows to $6. Vealers were steady with Thursday's average, good and choice grades bulking at $12 to $1250, with an extreme $13 top on a few selected offerings. All represented classes in the sheephouse held unchanged from vesterday. Good and choice fat lambs bulked at $8 to $8.50, the latter price including around three doubles of finished western lambs. Lower grade natives moved downward to $6 mostly. Fed yearlings comprising one double deck made $7.25. Slaughter ewes topped at $4 for choice handyweights.

Top Receipts $8.7 9.00 9.10

o” “1-1-3339

BWI D0 3 79393093

Barrows and Gilts— 1 0) Good d choice.. choice . . choice .. choice. . choice. . choice .. choice. .

(250-290) 1290-350) Packing Sows— (275-350) Good (350-425) Good 42s 550) Good 75-550) Medium SIR Pie (100-140) Good. a and choice..

IW OBR I-I1-INDNM 23 38587 5230333 3 A933 23999

—Receipts, 300— Choice

9933

SAPP ODVDV DD PUD OIaNe aT NODS TUNG Do

(1300-1500) (750-900) (900-1100) (1100-1300) (1300-1500) 1759-1100) (1100-1300) (750-1100) Steers and (550-750) (550-750)

39399

—

Medium Medium Common Heifers— Choice

oe

(750-800) G (550-900)

fom Hotter and cutter ..... Bulls Yearlings excluded (all weights) — Good (beef) 6.50@ (All weights) Medium Cutter and common Vealers —Receipts, 400— (All weights) Choice (All weights) Good .......... (All weights) Medium Cull and common

th dt

PRBS GeNw 3223 : 003

8333

40 ac

-4( 4

0) Common Feeder and Stocker Cattle

Choice ...

“ssssssanes

(8 (5 ). (5 0

H (500-750) Common

oy Shiga Turay 2% 83333% 83 9333933 03 R330 Por PRG D DD vnOND

Good and choice.. and medium ..... SHEEP AND LAMBS —Receipts, 1500—

es-— Good and choice Common and medium

09 f98d Wi hase 23

CHICAGO, Jan. 14 (U. P.) .—Hogs—Receipts, 19,000, including 5000 directs; market strong to 10 cents higher than Thursday's average: this on 220-lb. weights down; others weak to 10 cents lower: bulk good and Shoige 130- 200 1bs., $8.35/ 8.55: : 210-250 1bs., [email protected]: 260-3C0 o Dacking sows steady: early

I ceo. 2000: calves, 400; aclive: ae and heifer runs largely comnd medium grades with bulk steers. HX 508.25: heifers, $5.75@ 7: odd lot steers up to $9: fat cows, [email protected]: few good and choice weighty cows, $6 and better; cutters, $5 down: sausage bulls up to $6.75. and $12.50 for selected kinds. Sheep—Receipts, 11,000. including 400 directs: fat lambs, very slow: indications, 25 cents lower: eariy bids off more: buyers’ talking $8.25 down on lambs held [email protected] and up: dcuble good 104-lb. yearlings, $7.60; undertone weak ha sheep. CINCINNATI, Jan. 14 (U, —Hogs— Receipts, 3000, none direct, nove 80 slow; 15¢c to : don, $9; 200-2 1bs., $8.50; s.. [email protected]; ath good packing sows, $5.75@ 6. Cattle—Receipts, 450: calves, 250; fairly active, mostly Srenay; yearling steers and light baby-beeves, $8: part load around 1100-1b. steers, re 610-1b. heifers. $8.25; De: to medium beet, « cows, [email protected];

practical top bulls, Sheep—Receipts, 100, none direct; open good native ewe

steady on light Suppl¥. and wether lambs, S$ @8.5 50; common and [email protected]; slaughter

vealers,

medium grades, ewes mainly $

| Chrysler

THE INDIANAPOLIS TIMES

Net Last Change + u%

m Am A

A Anaconda Armour m

Balt & Ohio .. Barber Co Barnsdall . Bendix Avn ... end ind, Loan. 17% Jest & vere SF 3eth Stee $30 law-Knox Boeing Air Borden . 3org-Warner 3dgept Brass .

klyn-M wow a 3klyn-M _T pf . 35% 3ucyrus-Erie s Budd Wheel ... Burroughs .... 19% Butte Con 4 Byers, M ... 10 wlll Cal Packing .. 23'2 Callahan Zinc. 2% Calumet & He 9% Canada Dry... 185s Can Pacific ... 3 Cannon Mills . 34 Caterpillar T.. 513% Celanese 18 Cerro de Paco 431% Ches Corp ... 1 Ches & Ohio .. Chi Gt W Ry CMS Pep pf Ch & Nw Ry.. Chi Pneu T.

«JIL PID

es we

Sosa, Cola Col & Aik Col Broadcast A 211; Colum Gas ... 9's Com Credit .... 37% Com Inv Tr ... 43% Com Solvents .. 9 Commonw & So 17 Cong Nairn ... 23'%2 Cons Aircraft.. 18% Cons Cigar ves 2 Cons Edis . 25 Cons Laundries. ot Cons Cn RR L aba pf 614 Con Textile ... Consum Pw pf gst Container ..... 1434 Cont Bak A ... 1510 Cont Can . 12% Cont-Dia F Cont Oil Del... Laan Corn Prod 3 Crane Co Crown Zeller .. Crucible St .... Curt Pub pf... Curtiss-Wr .

Deree & Co....

Dome Mines ... Douglas Air ... 42% 4212 wel Mill. . 64 61% 16h 1633 Lt. 3" 3° 30 20% 43%

Fast R East 0 Elec Boa Elec oy & Elec St Bat . El Paso N Gas. 2

2912 16's

. 291% 16's

Fair Morse .. First N Strs ...

Gair Robt .... 434 Gar Wood Ind. Cable ... Electric. .. Foods .... 2 G&E A.. Motors Pr Ink Rv Sig ... Thire Ze .

Gen R ... Gets §

ore ... Gt West Sug’ . Greyhound Cp.

Hazel At GI ... Hecker Prod ... Holland Furn_.. Hollandr & S Homestake ++ B83 Houd-Her B Houston Oil Hupp Motor

+1:

Ingersoll Rand. 86 Tnsoiratn Cop . 14

3% Int Business M 130s Int Nickel .... 49'% Int P&P i 8% Int T&T For. 73 Intst D S 11% wl Kelsey Hayes B. 6 6 Kennecott ..... 41 40% Kresge SS . 18% 18 li . 14

NRERaReR:

Ts 11%

+1

14% 6%

40 10012

Lee Rub oe Leh Val RR L-O-F Glass

mt

Ludlum Stl

Mack Tr 23% Marine Mid .. 7 Marshall Fld .. & Ql Martin G1 .... 20 193% McCall Corp 14 McIntyre Pore 425% McKesson Robb T5% McLellan St ... 8'4 Melville Sh 47%

Fi

Mother Lode. . Murray

Nat Biscuit Nat Dai: . a pDictillers.. & Lt...

LC v.27 .. 18% NYC Omnibus. 25 N Y¥ Iny ve 15 N Y NBE&H... 2% : No Am Avn ... 95 a 9%,

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

The following quotations do not represent actual bids or offerings. but merely indicate the approximate market level based on buving and selling inquiries or recent transactions.

BONDS

Te ad Tel (TH) ae H Tel & Tel Ft W § H Tel & Tel Ft W Ind Asso Tel 4'5s Ind Tel Co 5s 60 . . Ind Railwav Inc 58 67 . Interstate Tel & Tel 5's 53.. Tndpls Water Co 3'5s 66 . Kokomo Water Works 55 38 .. Morris 5 & 10c Stores 5s 50... ¢ Muncie Water Works 5s 65... . Noblesville HI&P 6% 7 hio Tel Serv 6 Pub Tel 4'5s 55 . Richmond W W 5s 57. . Seymour Water Co 5s 49 .... Trac & 5s 44 . H Water Works 5s 56

Trac Term Co 5s 57 . STOCKS

+

yo Asked 1 104

NEW YORK STOCKS

By United Press,

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday .....ooovineien -1.62 Week a0 ...vovcevncscceees 128.21 —0.36 Month ag0 ...eevivnnennees: 12408 0.77 Year ago ... 184.53 +0.82 High, 1937-8, 194.40; low, 113.64. High, 1936, 184.90; low, 143.11. 20 RAILROADS Yesterday ..iveessssecssneess 31.81 Week ag0 .iivinscssssseesss 30.4% Month ago .ivieccansinninees 31.48 Yer. ago .uvviavsvarsciin.. 5506 High, 1937-8, 64.46; low, 28.91. High, 1936, 39.89; low, 40.66. 20 UTILITIES Yesterday ....covivaceciies., 2078 Week a0 ..ivseritnivanenia 2588: Month ag0 .iiicaiiitineiane. 2042 Year Bago 'vuv.iiveieshusraass 3TODY High, 1037-8, 37.54; low, 19.65. ’ High, 1936, 36.08; low, 28.63. 70 STOCKS Yesterday .u..vvvee Week 280 ssvevrasssssssenses $2.47 Month ago .ucivcassiniinee.. 42.08 YeREr ARG... vovvsv stint ives ni06.30 High, 1937-38, 69.67; low, 38.87. High, 1936, 66.38; low, 51.20.

seers iesprrnnane

Net Last Change 123% +

High Low 12% 123% w—on

Ohio Oil .. 14 14 14 Omnibus 123: 123 123% Otis _Steel .... 11% 1134 11% Ow Ill Glass... 66 66 66

No Pacific

“ess

Pac G & Bi: 27 Paramt Pigs. 113g Park Utah ... 2 234 Pathe Film ... 1 6la 10 T7012 612 29)s 3954 1412 18%

341s 1212 3

Pitts Stl Plym Oil . Postal Tel pf. . Dublie | Serv ...

Pure Oil ‘es Purity Bak ...

B Richfield Oil "es

St Jos Lead ... Savage Ar Schenley Dist . Beabd hy ap .. Seagr Bears "Roebuck. Servel eu i Shell Un "oi en 1

South Ry 13 South Ry pf .. 20%

Chicago Stocks

Bv United Press

(Reprinted From Late Times Yesterday) Low Close Abbott Lab .. : 39%

i n Allied Products Allied Prod A...... Armour & Co ...... Washer ......

Belden Mfg Bendix Aviat .....e0ee Berghoff Brew ... Bliss & Laugh . Borg Warner ... Bruce E L . Burd Piston Rr Butler Bros ... Castle A M ..... Cent Ill P 8 ‘pf ‘ Cent Sta P&L pf... Ww Ut

Cherry-Burrell Chicago Corp . Chicago Flex g Shalt. Chicago N W Chicago er . Chicago ye Cab bans Cities Servi Commonweaith ‘Edison. Comp Ind Cudahy pf anne Drug Dayton Rubber ... Dixie Vortex A .

. 27% 2312

Jarvis W Katz Drug . Kellogg Sw Bd Ken-Rad Tube A. Kv Util cu pf ... Kingsbury Br ...

Marshall Field Merch & Mfg A Mid West Corp Mid West pf ww . Hiller & Hart pf ..... Montg Ward A Nat Pres Cook Nat Standard Noblitt-Sparks No'west Bancp Peabody Coal B Potter Co Quaker Oats Reliance Mfg Reliance Mfg of . St Louis NSYds ... Sangamo EI

INVESTING CO.’S

(By the New York Seemty Dealers Assn.) Adm Fds 12.36 ik Affil Pd 4.22 1 Bos Cp 14.60 1 Am Cp 22 i | Schaenkgt 1 13 Am Bus 2

24.86 n In 4.10 Mary rd Cent Tret 22.96! Mass Inv Com Inv 3.38 3.61/Mut Inv Contl Shs 5.001 Nat-Wd sec 3.35 3.45 Cp Tr Sh . vt 1.28 1.41 5.15 5.40 12.53 13.47 . Stocks, Steks 21

9.75 p Com .35 16.34 17. 37! Sel Am In 9.42 38 5.25! Sel Inc 403 B 4.24 Sovgn Inv 70 Gen Cap 3 81 32.05 Spen Trsk 14.86 Gen In 476 5.18/Std Am 2.50 Group Securities 2%) Std

1.23! .85] 1.00 1.35] 1.17]

Supd Ne y 38 Tyst St Inc 2.33 1.05 n Qu A 6.34 | Ng 5.53 ITs

16.82 Instl Securities, La. OSELEPA” 13. Bs

Net High Low Last Change Sperry-Corp ... 187% 18% s + rhs Spiegel, Inc .... 103 10% -— Square-D-B . 20%2 20% + 4 Sid Brands .... 9 a ee Std G& E .... 4% 4% —"'% ce 32% - 1 cay 3854 4 iB eens, J ... 40% « 11 tudebaker .... 634 Superied Oil 3's

SWift & CO ...v 1812

Tenn Corp .... Texas Corp .... Tex G Sul.... Tex Pac L T.. Thermoid,

Transamerica . Tri-Con 20th Cent- Fox pf

Union Carb Un Oil Cal. Un Pac pf Un Aircraft Cp

Vadsco Sales .. Vanadium ..... 18

Walworth Warner Bros . West Union West Air_Bke.. 27 Westing El .... 104'2 White Mot .... 1134 vs Overland 27 27% Worthing pr pf 34's 34% Woodward Iron 18 18 —y Yellow Tr owe 13 Young Sheet . 41% soni

Zenith Rad ... 16 18

WHEAT RALLY FAILS TO MAINTAIN RISE

Corn Buying Chiefly in May Futures.

Tis 25%

123% 403%

CHICAGO, Jan. 14 (U. P)—A recovery movement which rallied wheat prices almost a cent a bushel on the Chicago Board of Trade today disappeared before opposition in midsession. At the end of the first hour wheat was 7% to 1 cent lower, corn was 3% to 3% cent lower, and oats were 1% to 14 cent lower. Scattered buying which erased part of the early losses was credited to mill interests. However, disappointing cables and the flat foreign demand for American wheats brought back renewed selling. A report from Wichita said that lack of moisture was emphasized yesterday by severe dust storms over a wide area of western Kansas. Wheat receipts were 28 cars. Corn selling was chiefly in May futures but fair buying was noted on resting orders and by cash interests. Elevotor interests were on the selling side. Corn receipts were 1s to 14 cent lower.

ARGENTINE ‘GRAIN

BUENOS AIRES, Jan. 14 (U. P.).—Grain futures opefied irregularly higher. Yiteat~ February, $1.12, up ‘sc: March, $1.121: up !'sc. Corn—January, 903gc, unchan ed; February, 88%:c, unchanged; May, 67'scC, unchanged. Oats—Spot, 3le, unchanged. Flax—February, $$1.38'2, up !z¢; March, $818.838'2, up Isc.

WAGON WHEAT op SY Shain Plevators are paving for No. . 92¢; her grades on their merits. Cash corn. NEL No. 2 yellow, 50c. Oats,

Half Correct

Horoscope Omitted Most Important Thing, Thief Learns.

HICAGO, Jan. 14 (U. P.).— William Soehlman, 35, St. Louis, found out today that his horoscope reading for the month of January was only half correct. Soehlman, minus a hat and coat, stalked into a storage room

at the Sears-Roebuck store here today and, posing as an employee, started to put four fur coats valued at $150 into a laundry bag he had purchased a few minutes before for 25 cents. Regular store employees didn’t recognize him. They: called the house detective, who turned him over to the police. In his pocket, police found a horoscope card which read: “Mars will have a peculiar influence over you in the month of January. Your lucky days are the 11, 12, 13 and 14.” The house detective’s name is William Mars.

FOOD PRICES

CHICAGO, Jan, 14 (U. P.).—Ap Michigan McIntosh, 85c@ $1. toes— Tennessee, bushel hampers, Carrots—Ililinois, bushel, —Texas, bushel, Toe@st, ban, lugs. $1.35@2 Ne fornia, crates, fornia, hampe Michigan, flat crates, 1b. sacks)=Illinois yellows, lows and Michigan yellows, 75¢@$1.35 (street sales); Idaho Valencias, $1.35@ $1.6112: Colorado vellow Danvers. $1.45,

LOCAL PRODUCE

Heavy breed hens, 4'2 lbs. and up, 18c: under 4'2 1bs., 1l4c; Leghorn hens, 12c; heavy springers, 1'2 lbs. and over, 18c; Leghorn springers, 1'2 lbs. and ower, 1i5¢; heavy stags, 13c: Leghorn stags, llc; bareback broilers, 15¢; old roosters, 9c. v 1 strictly fresh country run each full case must weigh 55 A net deduction of 15 cents for each full case under 55 lbs, will b2

ade mM Butter—No. 1, 37@37'%¢;: No. 3 35@35%zc¢. Butterfat—No. 1, 32¢; No. 2, (Prices quoted by Wadiey Co.)

LOANS UP $8,000,000 WASHINGTON, Jan. 13 (U.P.).— Loans to brokers and dealers in the week ended Jan. 12 totaled $682,-

ples—

ySauliflower— Call Peas—Cali-

sc. onion vel-

—Robert Stoner Jr, Greencastle High School student, was wounded fatally today when a 22-caliber rifle he was cleaning discharged accidentally.

DEATH SUSPECT BROUGHT HERE FROM HOUSTON,

Blames Killing of Chinese on Refusal to Give Him Shirt.

George Franklin Matthews, 57-year-old carpenter, was in jail here today, charged with the 1934 murder of Tom Lee, Chinese laundryman. Matthews was arrested in Houston, Tex. and extradited to Indiana. Police said he confessed. They reported he explained ‘it resulted from Lee's refusal to give him either a shirt he said he had left there, or 50 cents he said he demanded in lieu of the shirt. ;

A bandit, disguised with an adhesive tape mask, entered the drug store at 2066 N. Illinois St. last night, held up Donald W. Homeier, 27, clerk, and fled with $40 from the gash drawer, Mr. Homeier told poice.

The Meadors & Allen Trucking Co., 22 W. Henry St., reported that three cases of whisky valued at $50 were stolen from one of its trucks last night.

A burglar who threw a brick through a glass door of a drugstore at 2724 W,. 10th St. last night entered and stole cigarets, whisky and chewing gum, according to police. John Lucid, 741 Woodlawh Ave., the owner, said he had not determined loss.

Glass in the front door of a grocery and bakery at 1007 Indiana Ave, was smashed and cigarets and cash estimated at $4.50 taken, police were told. The shop is operated by Albert Salge, 1817 Koehne St.

Act Your Age!

Identity Cards Favored To Certify Student Can Take a Nip.

SYSTEM of identification cards for Indiana college students to certify their ages when patronizing liquor establishments was recommended today by Hugh A. Barnhart, State Excise Director. In a letter to presidents of all Indiana colleges and universities, except schools for women, Mr. Barnhart suggested adoption of the system now in effect at Purdue University. 1 At Purdue, he explained, each student has been issued a card bearing his name, address, age, telephone number, signature and picture. When a student orders an alcoholic beverage, according to Mr. Barnhart, he must present his identification card to show that he is at least 21, as required by State law. If he is younger, as shown by the card, he is refused a drink, the director said.

FIREMEN GET FOUR

Defective stoves and furnaces,

sent the Fire Department on four runs in less than two hours today.

A defective stove was blamed for

a fire which damaged the home of W. F. Linnville, 720 King Ave.

An overheated furnace resulted in a blaze in the home of Ralph Schmidt, 2153 Shriver Ave. A coal oil stove explosion in the barber shop of E. M. Milan, 2522 N. Olney Ave. caused damage estimated at $25. A stove exploded in the home of Elmer Woods, 1136 S. Harding St. resulting in a small loss, firemen reported.

Y. M. C. A. TO HEAR PEIPING SECRETARY

Lyman Hoover, Y. M. C. A. student secretary on furlough heres from Peiping, China, is to address the annual dinner meeting of the Central ¥. M. C. A, Tuesday evening. Mr. Hoover, graduate of Shortridge High School and Butler University, is to speak on “Moving into the Future With the Y. M. C. A” He represents the local organization, serving Peiping student groups.

OWN RIFLE KILLS GREENCASTLE PUPIL

GREENCASTLE, Jan. 14 (U. P)). 14-year-old

Mrs. Stoner found the body on

the bed in her son’s room. An examination revealed that the bullet had pierced the boy’s heart.

The parents and one sister sure

vive.

VIR of the Condition of the

RGINIA AVENUE BUILDING & LOAN ASSOCIATION

INDIANAPOLIS, INDIANA As of December 31, 1937.

CALLS IN 2 HOURS

Nevadan Wins in Death The Attention He Craved In Vain From Afar.

HOLLYWOOD, Jan. 14 (U. P.).— Succeeding in death what he had attempted in vain for more than two decades of his life, Clark Alvard at last gained the attention today of Miss Marion Davies, the woman he loved—from afar. “He adopted the simple expedient of leaving the major portion. of

his small estate to her, and then clinched his plans by naming her as one of the executors. Her share is approximately $10,000. Miss Davies, who weekly is earning that same sum at Warner Brothers, must help settle his affairs in court and so will have stamped indelibly upon her mind— as he had planned it eight years ago—the fact that Clark loved her, even unto death. In 1916, Mr. Alvard was a middleaged gold prospector in the Nevada desert. He trudged 40 miles into Las Vegas one Saturday to see a movie. The picture happened to be the first that Miss Davies made. Mr. Al” rd thought she was the most beautiful woman he had ever seen. He wrote her a letter telling her so.

Asked for Photographs

He got no reply, but that did not halt his devotion to the woman whose shadow had captured his heart. Through the years he made it a point, wherever he was, to see every picture in which Miss Davies appeared. From his shack in the wilderness he wrote her letters. He asked for autographed photographs. He expressed a desire to meet her. For years he never received a reply. Then, when the movie studios began hiring public relations directors, he got mimeographed notes saying that Miss Davies, who covldn't possibly have read the thousands of letters sent her, appreciated his interest. The notes usually added that if he would send a quarter, a picture of her would be forthcoming. Even this did not disvourage Mr. Alvard. He sent his 25 cents and he obtained his picture, by second-class mail. No word accom-= panied it from the woman he idolized, not even an autograph. As the years passed, Mr. Alvard’s hair grayed, and he became postmaster and general storekeeper in the tiny mining camp of Nelson, 20 miles from Las Vegas. Still he wrote Miss Davies letters, always respectful, even adoring. She never replied.

Added Codicil to Will

In 1930 he wrote his will with a hand more used to the pick than the pen. He scrawled these words: “1 give and bequeath to my beloved Marion Davies all my prop-

SAN FRANCISCO, Jan. 14 (U. P.). —Her fingernail polish was a nice pastel shade called ‘robin red,” and just the thing for sports wear, Mrs. Alta Moore, 23, told the jury, yet she was ejected from a football game Nov. 6 because it happened to be the color of the rival team. Mrs. Moore is suing James E. Addicott, principal of Polytechnic High School, for $10,000 damages. Addicott has a discriminating taste for reds. The Polytechnic sghool colors, for instance, thrill him to the marrow. But the words he used to describe Mrs. Moore's pastel, she said, was “slaughterhouse.”

STATE PRISON, FLORENCE, Ariz, Jan. 14 (U.P.).—Jack Odom had his 16 relatives in for chicken dinner, told them that he ‘never felt happier in nis life,” bade them all goodby, and stepped into the prison gas chamber at dawn today to have his life snuffed out for mur-

der. Odom, a Texas cotton picker when he was free, was 28. He killed Charles E. Goade, another cotton picker, who lay asleep in a wagon, then went through the dead man's pockets, finding only 54 cents. He presided at the family reunion in his cell last night by the sufferance of Warden A.J. Barnes. Among the 16 relatives were the condemned man’s wife, who came from Corsicana, Tex. His mother and several brothers and sisters also attended. His mother, Mrs. R. Hazeltin of Tolleson, Ariz., requested a picture of her doomed son and a photographer was called in to take it. Odom joked with his guards during the

FRIDAY, JAN. 14, 1938 Aged Prospector Leaves Estate to Marion Davies; His Idol for Two Decades

O)

Marion Davies

erty, both real and personal, ine cluding 510,000 shares of South Eastern Mining Co. stock of El Dorado Canyon, Nev., she at all times and her heirs to have all full vote ing power of the above shares.” He told no one about his last testament. Then he began to worry, not only about his relatives, but about the fact that perhaps Miss Davies might never hear of him, despite his gift. So he added a co= dicil : “I desire 45 per cent of my estate to be divided among my legal heirs, the rest to go according to my last will. I appoint John S. Sartain and Leo McNamee and Marion Davies as executors of this will, to act without bond.” To this document he attached her 25-cent photograph. He died the other day in a Las Vegas hospital of an accumulation of ailments. His will was filed for probate—and as he had planned for so long—Miss Davies, in person, was informed of his death. “I never met Mr. Alvard,” she said. “He wrote several letters for photographs, which were sent him in due course. He always was very kind and complimentary. I imagine I shall give my share of his estate to charity—in his name.”

Rooting Section Saw Red, So Girl Sues for $10,000

It was unfortunate that Mrs, Moore had taken her seat in the Polytechnic student's cheering section just as the robin red-shirted Lowell High School team was walke ing all over Polytechnic. Mrs. Moore's attorney, Jerome Schiller, said his client was “as=saulted, mauled, ill-treated and wounded, and that as a result she suffered great bodily harm.” Mrs. Moore said that she used to go to Polytechnic and that she was always loyal to Polytechnic’'s teams, but that Addicott told her “we don’t want your kind here,” and called a

policeman to eject her.

Young Killer Dies Happy After Feast With 16 of Kin

picture-taking about how good looke ing he was. The relatives and two clergymen, the Rev. Tex Hancock and the Rev, W. W. Taylor both of Phoenix, ape pealed in vain for a commutation of sentence.

PLANS CONVERSION LOAN LONDON, Jan. 14 (U. PJ). —Canada is planning a £10,000,000 ($50,000,000) 3'4 per cent conversion loan, to be issued at 98'2, redeeme able in 1958 to 1963, for the purpose of converting the 3 per cent loan and the 3! per cent land grant bonds, both due in 1938, it was ane nounced today.

NEEDS A SAFE DEPOSIT BOX/

American National Bank

AT INDIANAPOLIS

a ROSS T, EWERT, INC.

GENERAL MARKET SECURITIES

Specializing in Municipal and Corporation Stocks, Bonds and Investment Trusts 712 Circle Tower Telephone RI. 7187

(U, P.).—Hogs— Bl CR Tnvest nb Corps.

Portugal Banc Bl 5.00 6.00 well , 1333

Rumania Argen (offl. p Argen. (unof. peso) Brazil (milreis) ... Chile (peso) Peru (sol) Uruguay |

Real estate mors e loa All other loan EE ne Advances (Insurance & taxes) .. Bonds Issued or Guaranteed by

000,000, up $8,000,000 from the previous week, compared with a total

BANK STOCKS 1,021,000,000 in li BANK STOCKS 8 S in like week a year Issued or G Bid Asked : Other stocks and bo

nds Bank of Manhattan . 22% 23% Asso. Bldg. Furniture & Fixtures Bankers Trust 2% . Other real “estate and Ro Bank of New York Trust Brooklyn Trus Central Hanover

.95 14.47

: 8 87. 60. 260- 370 oe %. 45: Mexico (sil. 1 280-290 1bs.. $7.35: 200- 300 Tbs. $7.15; Hongkong 3 ) i 395 Ibs. 87; pigs. $8.50 down: Shanghai (yuan) .. . ? —.0004 £6.50 down. Calves, $11.50@12. India (rupee) $8@ 8.25 down. WA Jan. 14 (U.

Japan FT. NE, Pp. Market, 10 to & ‘cents dower 140-1

CHICAGO PRODUCE |s#7; teo-180,)

5.5 s—Market, unsettled: recei Ls, 7479 hs. on 1bs.. $7.45; 3 Ry fresh graded firsts, cars, 3,@23c; ; 20- Tb s.. $8.55; 100-130 Ibs. jess than car, 22c; evtra firsts, re) ‘23140: x "$6.50; $5. 25; calves, less than car, 221%¢; fresh checks, 17%¢! 12; ae $8.25. fresh dirties, 18%¢; current receipts, 21%c;

n “ Lincoln Natl Life Ts. co com. . Eo, R Mallory com Lambs,

None

1,516. 2 452.5!

Total Association Assets.......$39,230. LIABILITIES $59,750.54

Liquidation loans Old bills payable Borrowed money certificates Deposits (rural associations)

(yen)

Notice of 20th Consecutive Quarterly Distribution of

QUARTERLY INCOME

Serv of Ind 7% Progress Laundry Co com. Terre Haute Flec Co 6%. Union Title Co com . Van Camp Milk Co pid . Van Camp Milk Co Rom

(By M. P. Crist & Co.)

Empire 22 Pa National «..vv.ievveee. 1780 He anty “eanuinseenees 247

stags, 1% 1820

INDIANA LAW SCHOOL

20c; refrigerator

feirigerator standards, firsts, 1 atter— Market steady; extra firsts (90-9112 score), 31% 3134: extras (92 score), firsts, 291, @ sic; seconds, 27@28c; specials, 23%2@33c: standards, 31%c. Poultry—Market. easy; receipts, 19 trucks: aucks, 18@22c; geese, 19¢; spring SE eRens; 202 @23c. hens, 21@ 22c; broilers, 22¢; turkeys, 18@24c; Leghorn hens, 16c. Choeege—Twins, 16'2@1634c; Daisies, 17 @L7%c: Longhorns, 17T@17%e¢. Potatoes—Supalies moderate; demand ht; market, dull; Idaho Russet Burks, $1.37'[email protected]%; Colorado Red Merec, 8140011 on North ota Bliss -

receipts, 671,921

U. S. CS inkinchiy

WASHINGTON, Jan. 14 (U. P.).—Government expenses and receipts for the current fiscal year Jarough Jan. 12, compared with a year

s Yea t Yea Expenses. .$4.088. S29. 523. 56 $2 768. S29. 973. 2 Ronelnte. . . 3, 32s 288. 33 ihe 0s

xMarket St. Investment Corp.. 23.74 25.52

xEx-Dividen

DAILY PRICE INDEX

NEW YORK, Jan. 14 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average 100). 3 os sasuasssaghssnssese 116.63

Ago -..unn Bunnie, 116.82

Public . litle Guarantee ....

See Final Edition of the Times

for

Closing Stock Q

SHARES, Inc.

The Board of Directors has authorized payment of the regular quarterly distribution of 30 cents per share for the period ended Jan. 15, 1938. Checks will be mailed to sharebolder. el 1, 1938.

Ot. or Loan

Tgferred claims

All other shares (except guaranty stock) ..$32,634.68

Total labilities «uvvv.ivven.en Sufficiency . a | Ss: &

Proof: Liabilities plus sufficiency 230. Date Association Closed Aug ust. x "i538 on, ss: ndwig Burek, lquldating Ot “tor

cers Ericannnnenn

Site of Indiana, County of

the above named Moi lation, ue , lemnly swear Has th is true

statemen

Rules of Indiana

of Indianapolis

(Established 1894)

Conforming with

and American Bar Association

DAY AND EVENING CLASSES

Supreme Court