Indianapolis Times, Indianapolis, Marion County, 18 January 1938 — Page 15

TUESDAY,

JAN. 18 1988

T_T".

EXPECTED F. D. R. ARMAMENT TALK

LOWERS VOLUME.

Buick Places Steel Orders Causing Rally.

NEW YORK, Jan. 18 (U. P.).—Stock market operations dwindled today as traders remained on the sidelines pending the President’s armament message, expected later this week. Prices fluctuated narrowly. They declined after a steady opening, rallied when Buick Motors released substantial steel orders and around noon were easing again, with liquor shares weak. Selling was noted in National Distillers Corp, which dropped 2 points to 197 on the firm's announcement it was abandoning price fixing. The announcement set off further reductions in New York's liquor price war. Hiram Walker lost 1% to 432 ahd Distillers Seagrams was down 3% at 14%. Steel shares were mixed, with U, S. Steel down and Bethlehem up slightly. Motors drifted down after a brief recovery. Utilities sagged. Coppers were steady. Small losses were noted in most rails. A few special issues advanced in small volume, including F. E. Myers & Bros. Co. at 47, up 3, and National Biscuit preferred at 152, up 2. Gains of a point or more were noted in

Case and Philip Morris. = = ®

Today's Business At a Glance

CORPORATION NEWS

American General Corp. and subsidiaries 1937 net assets equal to 3101 a preferred share and $6.09 a common share compared with $184 a preferred share and $16.11 a common share in 1936.

Detroit Edison Co. 1937 consolidated net income $9,950,937 equal to $782 a share vs. $10,670,592 or $8.39 in 1936. General Public Service Corp. Dec. 31 net assets equal to $83.35 a preferred share vs. $210.46 a preferred share and $3.55 a common share as of Dec. 31, 1936. Incorporated Investors 1937 yearend net resources with investments carried at market prices amounted to $47,659,549, equal to $15.90 a share vs. $77,305,950 or $25.77 in 1936. Northern States Power Co. week ended Jan. 15 electric power output 26,243,703 kwh, up 3.4 per cent over year ago. Philadelphia Co. and subsidiaries, excluding Beaver Valley Traction Co. (in receivership) and its subsidiary, 12 months ended Nov. 30 proiit before dividends on preferred and common stocks held by public nd minority interest of subsidiary companies was $7,822,455 vs. $8.342.411 previous 12 months.

DIVIDENDS

The New Process Co. regular quarterly 13% per cent on preferred stock payable Feb. 1 record Jan. 21. Oliver United Filters, Inc, regular quarterly 50 cents on Class “A” payable Feb. 1 record Jan. 21. (Copyright, 1938, by United Press)

Curb Stocks

By United Press NEW YORK. Jan. 18 (U stocks opened steady.

Am Cyan 8 Am G & E

Cities Serv Cons $8 MNS ‘oven El B

Lake Sh Min Lion Oil Lockheed Air .. Niag H P . Technicolor

FOREIGN EXCHANGE

NEW YORK, Jan. 18 (U, P.).—Noon foreign exchange irregularly higher. Net Cable Rates ..$4.99% 60-d. bill rate) 4.94 Canada (dollar) . 1.00 033434

P.) .—Curb

Change 4.001% “ 100%, —.0003

England (pound)

France (franc) Italy (lire) Belgium belya) Germany (mark) Ger. (travel mark) Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) Australia (pound). Austria (shilling) Crechoslovakia (koruna) Finland (markka) Greece (drachma). Jugoslavia (dinar). New Zeal fpound). (zloty) . Portugal (escudo) Rumania leu) “ Argen. (offi, Argen. (unof, Rrazil funof, Chile (peso) Peru (501) \ Uruguay peso) Mexico (sil. peso). Hongkong (dollar)... Shanghai (yuan) India (rupee) Japan (yen)

RAILROADS MAY ASK PROFITS TAX CHANGE

WASHINGTON, Jan. 18 (U. P.). —Request for repeal of the undistributed profits tax as it affects the railroads is expected today from the Association of American Rail-

roads. R. V. Fletcher, association general counsel, was the first witness scheduled before het House Ways and Means Committee at the third day of hearings on the proposed new tax bill, which drastically would revise the undistributed profits levy so that the maximum tax penalty on retention of corporation earnings would be 4 per cent.

FEAR FOR SAFETY OF MISSING TRUCKER

COLUMBIA CITY, Jan. 18 (U. P) Relatives of Sherman Rose, truck driver who disappeared Satur day, today feared he had met with foul play. Mr. Rose left a bulk oil plant here Saturday with a load of gasoline for a filling station west of town. He faile dto arrive at the station and authorities started search.

8.997

4 03a 0454 W% 0075 3333 .2040 0530 0400 2463 5400 2780 3132 2 2n

3774

L.0002 +.0005

peso) neso) mil). «0200 2.0001 «+ .0008'2 2.06002

Hog Prices Dip 15 Cents

To $8.95 Top |i

A downward adjustment in hog prices was the rule at most principal terminals as 11 market receipts totalled over 110,000 head, according to the Bureau of Agricultural Economics. Locally the loss was 15 cents on weights scaling 150 to 350 pounds, with lightweights and heavier averages 10 cents off. Top dropped to $8.95 for best 150 to 170pound butchers. Packing sows were weak to 10 cents lower, bulking at $6.25 to $6.75, extreme top $7. Several 5 cent premiums were paid for strictly choice, yniform lots of hogs. Cattle prices held up well in a dependable trade despite the fact a fairly liberal run of slaughter steers and heifers was available. ApproXimately 30 loads 20 loads of heifers were unloaded, grading mostly medium and good, a small percentage choice in both classes. Local killers were good takers in steers, the trade developing fairly active and steady to strong. Light heifers sold readily at strong rates, outside buyers active, while all grades of cows and heavy heifers went unchanged. Bulk steers made $7.50 to $8.65, several consignments light and medium weights $9 to $9.75. Bulk heifers realized $6.75 to $7.50, odd lots

| $8, a package of choice baby beef

weights $8.75. Good heifery cows reached $7, other beef cows $5 to $5.75 and cutter grades $4 to $5. Vealers were steady, top on choice, $12. The large supply of fed western lambs and vearlings sold steady to 25 cents lower, good and choice mostly $7.75 to $8.25, top $8.50.

Receipis 7000

Barrows and, on (160-180) and 1160- 180) So Good Good (220-250) Good 1250-290) Good (290-350) Good Le Sows— 1275-350 (350- 25) (425-550) (275-550) Slaughter Pigs— (100-140) Good and choice. . Medium . CATTLE

Receipts, 2200—

and and and and and and

«T3308 35 05 35 PASH NO

Suwa

Good ....» Medium 8.50@ 7.25@

Steers— (750-900) (900-1100) (1100-1300) (1300-1500) 1750-800) (900-1100) (1100-1300) 11300-1500) Good ) 750-1100) i (1100-1300) Medium (750-1100) Common Steers and Heifers— 1550-750) Choice (350-750) Good

Choice ........ uuu

AB DOW DD OD BIO DD a=) KIBO <Twy DOOD OAPNNNDAN

Heifers (750-900)

1550-800)

Choice Good Medium Common

All Weights

Low cutter and cutter Bulls yearlings uded tall Weights) Good (All werenst) Medium Cutter and common Vealers ~—Receipts, 500 (All weights) Choice (All weights) Good (All weights) Medium Cull and common Calves —Receipts., 00) Choice ) Good ) Medium

600—

( (Ze (250-40: 0 ( ) Common . a50@ 5.00 Feeder and Stocker Cattle

Steers— { 00) Choice (800-105 Choice ( NO

0-80! Gos (800-1¢ Good (

5( (500-105( Heifers— (500-700) Common

5( (500-1¢

2823s Rl

Sammon

Good and choice. . and medium

SHEEP AND LAMBS —Receipts, 6500—

on NRT T 3-3

3% 83 #3

Lambs—

Good and choice . Common and medium .

CHICAGO, Jan, P.) —Hogs ceipts, 37,000, including ooo" directs; Kk , mostly 10@15¢c lower y.: this on weights downward from

@15¢c lower: most good Kk Cattle—Receipts. 8500: largely steer run: market, wit onday’s 25¢ lower trade; and order-buyers

no direets; few early . downward $8.50: medium weights held $8.75. indications steady

wT 18 (U. P.).—-Hog RO ton; none aireet steady to 15 cents Re "20: $9; 200-225 1bs., $8.50: 100-140 Ibs. 60@8. 4; ook good packing sows, $6@6 HR 500; calves, 0D action, fair: steers, te an cows, firm 625-1b. 10 Tab, \ 807-1b. heifers, $7.90; Ss, $6; low cutters and cutters, [email protected]; top sausage bulls, $7, vealers about steady,

practical top, Sheep—Roctine. 150; none direct: fully steady; early sales, good native ewe and wether lamb, $8.25678.75: common and medium aarades, $6@8; most slaughter ewes, $26 -

FT. WA 18 (U.P) Market, So 10e BIRReE: 140-160 1bs.. GT 160. 1bs., $8.70: 180- 200 1 bx . $8.45: 228.9 a; 275-300

3 aT IRE in Bonn

Lambs $8.25 LAFAY E, Jan. 1 Market, 15 cents Tower. 183-170 1 1bs., a 85;

8 (U. P) —~Hogs— 150-160 1bs.. £8.95; 170-180 Ibs. $8. 70: 180:

50 down roughs. £6.50 Sie Se Lambs, $88.25.

U. S. STATEMENT

WASHINGTON, Jan. 18 (U. P.) —Government expenses and receipts for the cur. rent fiscal vear through Jan. 15, compared with a vear a N Tot ny

s Pur al P 84, 14%, 845, Be os $3,026. aa, 208. 25 3.352.118.844.12 2.321,732.756.14 705,726,076.1% 1.50%. a tl 2.04%, 147. 64% 66

1.178.435.5795. "”

$7. pies, down. Calves,

Expenses Receipts Deficit Cash bel.

082.00 ne A ‘£2301 Today's Pur. 1 Pur. gold ..8 10,071.80 $1, 209 ‘os. 162.03 INDIANAPOLIS CLEARING HOUSE MBS ssisuivsaivuiparsassinnn, 43.:000.000

SPBLRRE RRB RRR REN, 8,

Inact,

Cle

of steers and |

THE INDIANAPOLIS TIMES

PAGE 156

NEW YORK STOCKS

Net Last Change 1% 562

— » oe

se oa

Do TD BOBO i BD et

BOIS oan CBI <3 I Ut ++ 30

ft bt Ca et J Ft et

12 le

Naw

Atlas Corp

Bald Lo ct wi . alt & Ohio .. darker Bros

h Ste 64 Beth Steel 7 of. 9734 Bjaw Knox 137% Blumenthal pf . 3 3] 2)

rden . 301g Warner 3riges & Strat . ullard 3urroughs

y 607% Climax "Moly Co sl Cluett Peab ... Colgate P-P .. 10s Colum Gas ... 8! 2 Com Credit .. 37! ComonW&So .. 13 Comnw & Sop bf 3614 Cons Aircraft . 18% Cons Edison .. 23% Cons Film ol . 63% Cons Oil woe 83 Con Textile ...

Crane Co Cream Wht ... Crown Cork Crown Zeller Crucible St.... 41 Curtis Pub Curtiss- Wr Curtiss-Wr Deere & Co ... Diam T Mot .. Dist Sear To 3 Dist Seag pfww 52 Dome Mines .. 5614 Douglas i . 447, Du ween 11g

Pont

+ ++I:

Eitingon Sch lec Auto

—-

Robt .... Electric .. Foods .... G&E A Motors Refract

Gen ‘aan Gimbel Bros "ey Goodrich Goodyear “ Gt Nor Ore .... Green

Hollandr & Son 9 Homestake .... 603% Howe Sound ... 50% Hupp Motor ..

Ill Central Inland Stl .... Inspirin Cop Inter Iron .... 2 Han vester. N + 903

CON TY rt pt J et “TRO JL rr PaaS

PRC

Int T&T ...... Int T&T For .

Kan C Sou Kennecott Kevstone Stl Kroger G&B

Leh V Coal nf 43% Lehman _.. Ligg & My B . Loew's . Loft, Lone

Ine il2 Star Cem 35

2334

McKesson&Rob Mead Mo” p . ul Minn-Mol Mo-K Tox “ Mont Ward . Mother Lode .. Motor Whi .. Mueller Br Mullins Mig B

Nat Biscuit .. 20 Nat Cash Reg . 18 Nat Dairy vv 18% Nat Distillers . 217s Nat Pwr & Lt. %

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

The Jollowing quotations do not represent actual s or offerings, but mereiy indicate the approximate market level based on buying and selling inquiries or recent transactions.

BONDS Su Ind Tel (TH)

Asked 104

Ind Railwa Interstate Indpis Water So 31ss . Kokomo Water as, o8 Bs 38 . Morris 8 & 10s Se, 5s 50 .. Mun o Water Works 3 Noblesville RISP ?

b8 Richmond W W 5s § Sevmour er Co 5s 49 ..... T H Trac & L 5s 44 “ 1 T H Water Works 5s 56 T H Water Works 6s 49 Trac Term Co 5s 57 ..

STOCKS

Ind Hydro Bie nop p Indpls Qa as co Indpls P & ot pfd 67% Indpls Pwr & au pid 3° Indpls Water Co pfd Lincoln Natl Lite Pins "6 com. P R Mallory com “ Ni Ind Pub Serv Co nfd 3a \

Pub Serv of Ind 6% Pub Serv of Ind 7» ‘aun Progress Laundry & com .... Terre Haute Rlec Co 6% Union Title Co com "ah Van Camp Milk Co pfd ... van Camp Milk Co com .. (By M. P. Crist & Co.) xMarket St. Investment Corp. 23.87 xEx-Dividend.

DAILY PRICE INDEX

NEW YORK, Jan. 18 (U.P) .— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (19301932 average 100): Yesterday 116.39 Week BRO sess 117.05 Month ago SRB ERRRRrERRER RR 117.48 142.47

Year 880 sisvsssssvannsnanss 1937-38 high, April 5..v.0000 158.26 1937-38 low, Jan. 3. ..iiveeee 114.69 BANK STOCKS Rid Asked Bank of Jtanhatian “ay 25 Bankers Trus “ea a. Bank of New “york Trust. ves 357 Brooklyn Trust .... . . 86 Centra Hanover Chase "ey Chemical .. Commercial

Continental . For Exchange . "aah

mpire Vesa First National vaea Guara . ving En actuary National City York Trust Public Title Guarantee

SAREE ARRAN ERR RS

See Final Edition of the Times for Closing Stock Quotations and Other Late News

? | Yesterday , | Week ago... EEE

13 1s | Month BEG suiusaiiiiasuianies

| Proctor & G ..¢

| Third Ave Ref 4s | Wabash 2d 5s

(By the New York Security Dealers’ Assn.)

By United Press.

| DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Craik v... 132.49 134.35 129.98

1.82 0.80 +0.90 —0.93

| Yesterday Week ago Month age ..... Year ago High, 1937-8, 194.40; low, 113.64. High, 1936, 184.90; low, 143.11. 20 RATLROADS Beri iianang veusaens SHBYE

cheat aR Rea,

Been sser ens

—0.52

32.25 —0.08 32.65— 1 0.0% ‘ 56.00 10.14 : High, 1937-8, 61.46; | High, |

low, 28.91, 1936, 59.89: low, 40.66, 20 UTILITIES Yesterday | Week age

Year af0 ...:uv:nvisiviiung, 26.64 High, 1937-8, 37.54; low, 19.65. High, 1936, 36.08: low, 28.63. 70 STOCKS Yesterday ... Week ago Month age Year ago ... High, 1937-8, 66.6%;

High, 1936, 66.38: low, low, #

High Low Nat Steel «vv B14 Newport Ind .. 18% N Y Central .. 18% No Pacific « 12%

o14

29 11% 63

1214

Ohio Oil . Oliver Farm Eq 3 Otis Steel 11% Owens fT Glass 6

Pac G & El .. Packard “ Paramt Pict Park Utah .... Parke Davis .

Pillsury ‘ua Plymouth Oil .. Poor B

Public Serv .... 32% Pub Ser 5s pf .. Pure Oil 12% _-

3 32'2 97 123s

Radio 67%

Radio K OF s+. Rem Rand .. Reo Mot Republic ’ Richfield Oil ..

Sears Roebuck . Servel Inc ‘ee Shell Un Gil +.» Simmons .. . Socony Vacuum. So Am Gold ... 23

South Ry pf So RM O cts. Sparks With Sperry-Corp

Tenn Corp .... 4 Tex Gulf Prod Tex G Sul & PC

Transamerica Un Qil Cal Un Pacific Un Aircraft

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils, 67.4 94.9 69.6 55.0 72.5 94.3 101.1 106.0 88.9 1049 101.2 106.0 69.3 92.3 100.4 106.2 84.7 103.5 R6.4 103.6 Lo 89.3

NEW YORK, Jan. 18

opened steady.

vio.v 81 Cp 28

60 Bonds 21.6 82.5 82.7 100.% 95.5 100.% 81.1 100.2 | 53.3 03.1 83.0

Yesterday Week Ago Month Ago .. . R14 Year Ago 95.0 Two Years Ago 92.6 1937 High . 950 193% 1936 High 1936 Low 1935 High .....

. 83.0

(U. P.).—Bonds Net

, Open nh Argent 415s 71 senna, 93% Jones Laughlin 4158. ......4.. 97

Stand Oil N J 3s So Pac 3%s

Third Ave Adj 5s

INVESTING CO.S

Bid. Asked Bid, Asher, Adm Pd 12.39 13.18 Schikpf. Affil Fd 423 4.65 Fd

w wo EE

ot ok ok ot NJ GD IA Ot OF J aT BI”

BIRIDINI 00 ~T OD 0000 TBO uy II Tt WI DO BRIN tk st 3

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CC Dt et pt a aD et fie PD DD

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Be COICO DED OF fee Sf ead

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Group Secu Q

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| PDONDREANDIS a ED De oo DDD UWI BID TID DUN Vt IV 0 DOT 1 CF et 1 LIN TVD a Dt nT DIOR Tet BID

ee —- Romer rl Bre Btu BIT BS TY TIT DN TIT et it RICO 1 DB BI

‘ BB Suva new . 89 Tr St In C :

a — tt 00 D3

RR Eq . A .h | ‘Hh Tob “olla. Inc Invs 1B Insti Securities Ltd. Tes k Grp 1.33

ye Pe JBOD DW DD wm —~ _ SH!

— DBD DIO LI Be DOJ J TT PGND et © DO UY bt pt 2 TN i © GY et pt TIO ie D DD =F — BI Woda DWODWI

2 612 ° wi Ist Bos 14.80 Sos 14.50 16. 00' well d .. 13)

—

we Us

High United Corp .. 3% Un Dyewood .. 9s

Net Low Change

Vanadium .....

Walker (H) .... 44 Ward Bak A West Union Westing El ... Wheel Stel .... White S88 Dent... White Sew M.. Willys Overld .. Wilson & Co Worthg cv pr pf 431, Woodward Ir Co 177» on 13% 417

Yellow Tr

‘han 134 Young Sheet ..

417%

Zenith Rad .... 16%

Zonite

WHEAT ISSUES GAIN IN CHICAGO RALLY

Export Demand for Corn Dis-

appears. _—— CHICAGO, Jan. 18 (U. P).= Wheat on the Chicago Board of Trade had a small rally today after the initial decline had reached 1%

cents but the market was without an outstanding feature. At the end of the first hour wheat was ‘=: to 1 cent lower, corn was unchanged to !s cent lower, and oats were sz cent lower, Foreign demand was disappoint ing today and foreign market action, dull and without any important movement, has been another bearish factor in Chicago. Light snow was forecast for most of the wheat belt except the western portion of the winter wheat area. Wheat receipts were 13 cars. Corn market action was content to slip into a state of idleness with very little done on either side. Export demand has temporarily dis-

]

| appeared and traders were content

to wait further developments before making new commitments, Corn receipts were 62 cars.

LIVERPOOI, WHEAT (Today's U. 8. equivalents Vig on sterling at $4.99! Prev.

Low Close Close 1. an $1.14% 3 14% $1.15'% May ‘ae L184 1.14 14 1.15s 1.15% 1.14% 1.15%

ARGENTINE GRAIN BUENOS AIRES. Jan. 18 (U. futures opened steady al CUFhary $1.10%, up

unchanged;

Hig March +: 8 11a

P.).—=Graln March May

Isc:

up February 833a¢, oe 317 RC, Flax— February March $1.36'a. unchanged.

unchanged 3514, unchanged;

WAGON WHEAT City grain elevators are paying for No 2 red. 90c: other grades on their merits, Cash corn, new No. 2 yellow, 50¢. Oats, 28¢

CHICAGO PRODUCE

Eggs— Market, steady: receipts, 10,184 cases; fresh fiaded firsts, cars, 21c; less than cars, 20 extra firsts, cars, 3115¢; less than cars, 201z¢; checks, 16¢c; dirties, 17¢: current receipts, 18¢. Butter—Market, steady: HSeipis. 510,101 gross Ibs.; extra firsts (90-911 ore), 3114 @32¢; extras (92 score), 32Vac; SArsts, 30@ 3lc; seconds, 27@28c; standards, 31'z¢; specials, 32% @33Vac. . Poultry—Market, steady; receipts, 33 jrucks; cs, 18@22¢c; geese. 19¢; hens, 21! chickens, 20's 23¢: turkeys, 18@24c; Leghorn

Cheese—Twins, 16156 16%e¢; 17%c¢: Longhorns, 17@17%ec. Potatoes—Supplies liberal: market steady; Idaho Russet $1,304 1,40; Colorado Red McClures, @1.50; North Dakota Bliss aiumphs, $1. 10 @1.15: North Dakota Cobblers, 81.07% Nebraska Bliss Triumphs, $1.20: ‘Wisconsin Round Whites, [email protected]; new stoc track sales, less than carlots, Florida Bliss Kiiumphs. per bushel crates, $2.20; U. S.

129; 313; shipments,

22¢; hens, 16e¢. - Daisies, 17@ demand slow; Burbanks, $1.37,

2. Arrivais. on track, 750.

FOOD PRICES

CHIC2GO. Jan, 18 (U. P.).—Apples— Michigan McIntosh, 75c¢@ 81.25. Sweet Potatoes—Tennessee, bu. hampers, T5@90c. Carrots—Illinois, bu., 40@50c. Spinach--Texas, bu., 506 75c., Tomatoes — Cuban, lugs, $2.25@ 2.75. Cauliflower—California, crates, [email protected]. Peas California, hampers, $1.95@2. Celery— Michigan, flat crates, 40@00c¢c. Onions (50-1b. sacks)— Illinois, Indiana and Michigan Yellows, $£1.15@ 1.35 (street sales): Idaho Whites, $1.65@ 1.70. Colorado Valencias, $1.45; Minnesota Yellows, $1.45,

LOCAL PRODUCE

breed hens, 4% Ibs. and up, under 4's Ibs., l4c: Leghorn hens, heavy springers, 1': Ibs. and over, 18c: Leghorn springers, 1'5 Ibs. and over. 15¢: heavy stags, 13¢: Leghorn stags, llc; bareback broi ors, 16¢; old roosters, 9c. Eggs-—No. strictly fresh country eggs, 17¢. (Each fuil case must weigh 55 Ibs. gross. A net deduction of 15 cents for each full case under 55 lbs. wh be made.) Butter—No. 1, lh 2, a @ 34c. Butterfat—No. 1. 30¢ No. 2, 30c. Prices quoted by the Wadley Co.

|. U. BOARD MAY PICK PRESIDENT ON FEB. 28

BLOOMINGTON, Ind. Jan. 18 (U. P.).—The Board of Trustees at Indiana University may také action on the appointment of a permanent president at their next session starting Feb. 28, it was believed today. Contracts for equipment for the new University school to be used for training teachers also may be awarded at that time. Thus far about 75 bids have been received.

18¢:

Heavy 12¢;

FORMER FRISCO LINE

NEW YORK, Jan. 18 (U. P).— Edward N. Brown, former chairman of the board of the St. Louis-San Francisco Railway (Frisco Line), will testify today at the trial of a suit brought by the line's trustees to recover $10,506,000 from the banking firms of Speyer & Co. and J. & W. Seligman & Co. and a number of individuals.

Departing from custom, Broun, a defendant, will be called as a defense witness before the plaintiffs end their case. The trial is expected to last a month.

The defendants were charged with fraud and conspiracy in a transaction whereby the Frisco Line obtained working control of the Chicago, Rock Island & Pacific Railway in 1926. The trustees charged that the purchase of the Rock Island stock was brought about by a “confederation and conspiracy between Speyer & Co. and Mr. Brown with the knowledge and consent of J. & W. Seligman & Co.” All of the defendants have entered a general denial to the charges, which have been aired before Federal masters in St. Louis and New York and before the Securities Exchange Commission in Washington

OFFICIAL TO TESTIFY

in 1935.

New Business Books Available at Library

The following new business books now are available at the Business Branch of the Indianapolis Public Library.

AMERICA'S SIXTY FAMILIES, by Ferdinand Lundberg. Is the U, 8. owned and dominated by 80 of the richest families buttressed by about 80 families of lesser wealth? FINANCIAL DEVELOPMENT oF THE UNITED STATES y WwW. Shulz, * J pretation is placed upon the word ‘finance.’ Here it covers all factors involved in transactions in values.” MOTION AND TIME STUDY, by M. Barnes. “Time study, ori i nated by Taylor, was mainly used rate setting and motion study, des veloped by the Gilbraths, was used for improving methods. Today they are used together as they supplement

eh other. NEW SHIP SAILS, A BOOK ABOUT YOUR FUTURE, by Robert R. Updegraff. “The roots of our life were hot, Killed by the Great Depression; and it is the roots that Sn " DO'S Fn DON'TS OF RAD WRITING, by Ralbh Rogers, Banio cal hints oy T script writers.

TRAVEL FUNDS American National Bank

AT INDIANAPOLIS L ut

FIDELITY INVESTMENT ASSOCIATION MAKE YOUR FUTURE SECURE THROUGH THE

FIDELITY INCOME PLAN ROY L. BROWN—INDIANA MGR.

1404 Merchants Bank Building

Phone: RI-4945

was “O. K.” and proceeding on her

Grief lies in the faces of the three women most

affected by the murder case of Paul mer airport executive. in a Los Angeles courtroom as Wrig

on charges of slaying his wife, Evelyn, and his friend,

The three are shown above

Wright, 38, for- McBride, sister of

ht went on trial

John A, Kimmel.

at Trial

At right is 24-year-old Natalis

the slain woman. Somewhat calms

er are Mrs. Edith McBride, Mrs. Wright's mother, center, and Mrs. Maureen Kimmel, left, widow of the man who was killed with Mrs. Wright,

‘4-STAR’ DWELLING NEARS COMPLETION

Construction League Expects to Open it in April.

The “4-Star” home at 4512 Central Ave. is expected to be completed by April, the Construction League of Indianapolis announced today. At a meeting last night in the Architects and Biulders Building, it was explained that an attempt would be made to achieve a perfect house. The “four stars” represent the architect, contractor, craftsmen and material dealers. The house, a modified colonial type of mingled shades of red brick. consists of a living room, dining room, study, breakfast room, kitchen and poudre room on the first floor; three bedrooms, bathroom and playroom on the second floor; a social room in the basement and a twocar garage. Clarence T. Myers, executive secretary, presided at the meeting. Spaekers included Edward D. Pierre, George C. Wright, Hugh Bremmerman and Paul Cramer.

ATTACKS ONC. I. 0. REPRINTED BY A. F. L.

(C. I. O. Story, Page 13)

WASHINGTON, Jan. 18 (U. P)). —The American Federation of Labor today reprinted a series of newspaper editorials blaming the split in labor on the Committee for Industrial Organization. In an accompanying statement, the Federation said: “Editorial comment in newspapers throughout the nation places the blame for failure to bring about labor peace on the leaders of the C. I. O. “The falseness and duplicity of certain C. I. O. chiefs in blocking the peace negotiations have been exposed by David Dubinsky, president of the International Ladies Garment Workers, and Max Zaritsky. president of the United Hatters, Cap and Millinery Workers. “These men were among the founders and are still members of the C. I. O. Their charges have not been answered. The truth and sincerity of their statements have not been challenged.”

PATROLMAN’S AUTO IS STOLEN FROM GARAGE

Patrolman George Beeson called headquarters to report everything under control on his beat “Have you got a car?” the desk lieutenant asked. “Yes,” Patrolman Beeson replied. “Where is it?” “It’s in the garage,” Beeson said, somewhat puzzled at the lieutenant’s curiosity. ‘No, it isn't,” said the lieutenant. “Your car was utolen from the garage at your home at 2520 Park Ave. abandoned in the 5200 block on Park Ave. and recovered by police.”

I. U. PROFESSOR ON REALTORS’ PROGRAM

Dr. Harry C. Sauvain, Indiana University School of Business Administration associate professor, is to speak at the Indianapolis Real Estate Board luncheon Thursday at Hotel Washington. A former New York University faculty member, he is coauthor of a new book, “America’s Experience as a Creditor Nation.” He has been a member of the I. U. faculty since July, 1936.

FREIGHTER OUT OF DANGER

NEW YORK, Jan. 18 (U. P.).— The British frejghter Gragool, which had sent distress signals from the North Atlantic last night, that she

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133,136 Totally Unemployed In State in "37, Census Shows

WASHINGTON, Jan. 18 (U. P.) —Indiana’'s

unemployment census for

1937 showed 133,136 who were totally unemployed and wanted work, of which 97,724 were men and 35412 women,

The registration of unemployed, made between Nov. accounted for 53.267 working at WPA, and 86,281 partly employed and wanting more work.

16 and 20, NYA, CCC or other emergency work Of the former, 47,

865 were men and 5401 women, the partly unemployed were 75,352 men

and 10,929 women.

Of Indiana's 3,238,503 population (1930),

census.

272,684 registered in the

The statistics for counties and cities:

Tot. Unemployed and Wanted Work

Total Male Female

Coundy or City

Partly Unemployed and Wanted More Work

Working at WPA, NYC, CCC or Other Emergency Work

Total

—is

—— Shad um

ih 1, avs "400

Alle re ams

Bartholomew a Blackford Cans

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Wt SE DD ie 3 FETS

SA : Cop om 0p ad a BO

ZEEE

IS TT Te

w= & -

Gr Hamilton Henr ‘eens Newcastle Suara

yah gion". .

Vincennes Kosciusko Jasrange

. a, 206

Indianapolis 385

Marshall

Randolph St. Joseph . Mishawaka

Sullivan Tippecanoe Lafayette Tinton .‘e Vanderburgh Evansville Yormillion Vig

BawuisDd 3 ID mat IID fn i TD 5-05

tie 6

Terre Haute as Waba sh

Rich h . wh . mond

White “ Whitley 350

191 184 10 17 3 26 21 55 1 24 130 111 56 39 7 13

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Th OC WE fk DD 4 Dn wd TD mp

J sy ceaT=Z

FATHER AND SON DIE IN ELECTRIC CHAIR

Parent Refuses Chance to Exonerate Youth.

BOSTON, Jan. i8 (U. P.).—Frank Di Stasio, 55-year-old candy-maker who turned murderer, went to the electric chair happy because the son he might have saved accompanied him in death.

Di Stasio and his 25-year-old son, Anthony, died at midnight in the state’s first father-and-son execution. The son was executed first. For hours in the death house at state prison the son’s attorney, William R. Scharton, pleaded with the father to sign a document exonerating his son of guilt. “My son is innocent.” Di Stasio | said. “I know he jis. But I won't sign the paper. I love my son so! much I don’t want to leave him be- | hind me. I'm going to die happy.” | The father was convicted of firstdegree murder in the torch-slaying of Daniel Crowley at Hudson, Mass.. in 1935. The son was convicted as an accessory before the fact.

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REPORT CONFESSION IN2 N.Y. SLAYINGS

MINEOLA, N. Y., Jan. 18 (U. P), —Police said today that John Reo, slender, 40-year-old fugitive, had confessed, after more than 24 hours’

questioning, that he killed Mrs. Ce«

linda Waite, 59-year-old widow, and her friend, Jean Schuellain, 18. District Attorney Edward J. Neary of Nassau County announced that Reo, who was related to Mrs. Waite by marriage, said robbery had been

his motive. Mrs. Waite and Miss Schuellain were shot to death in the Waite home at Elmont, N. Y., last Wednes= day. Reo was found in a squalid rooming house in New York City

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