Indianapolis Times, Indianapolis, Marion County, 24 January 1938 — Page 11

MONDAY, JAN. 24, 1938

NEW YORK SLIDES IN DULLEST

DEALINGS

F YEAR

United Drifts Down a Fraction.

NEW YORK, Jan. P.).—Stocks declined fractions to more than a point today in the dullest trading this | vear. Traders awaited clarification of the business and Government situation. Only moderate offerings brought | declines, but there was no | particular pressure. United States Steel drifted down! to 573%, off and then recovered | slightly. Chrysler was down 2 57%. Santa Fe was down a point. | Losses of a point or more were| made by Allied Chemical, Celanese, | Coca Cola, Crucible Steel, gomery Ward, Owens Illinois Glass. | which made a new low at 48's, off | 3'2, and then regained 2 points of | the loss; Union Carbide and U. S.| Rubber preferred. A few issues firmed, including | Consolidated Edison, North Ameri-

can, International Harvester and] Douglas.

Today's Business At a Glance

GENERAL BUSINESS

R. L. Polk & Co. December new passenger sales in United States estimated at 185,000 units vs. 190,185 in November and 327,053 year ago; new truck and commercial car sales | placed at 30,000 units. CORPORATION NEWS Hart, Schaffner & Marx fiscal | year ended Nov. 30 profit $137,412 | vs. $484,405 previous year. Jewel Tea Co. Inc,

= »”

$20,717,296 in previous 53 weeks. A. G. Spaulding & Bros. fiscal | year ended Oct. 31 consolidated net loss $310,866 vs. $912,392 previous year; at fiscal year-end inventories totaled $3,996,320 vs. $3,608,535 year before. |

United Paperboard Co. Inc. six months ended Nov. 27 consolidated | net profit $63,011, equal to 10 cents a common share; November quarter | indicated net profit $21,277, equal | to 1 cent a common share vs. $41,734 or 9 cents previous quarter. (Copyright, 1938. by United Press)

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. 81.6 63.3 93.9 . 82.7 67.3 94.9 . 81.1 724 24.1 95.1 100.5 105.9 92.8 90.8 105.0 95.0 101.2 106.0 80.1 69.3 923 94.8 100.4 106.2 90.0 84.7 103.5 91.4 86.4 103.6 . 83.6 1.0 89.3

Saturday Week ago Month ago Year ago Two vears ago 1937 high 1937 low 1936 1936 1935 1935

81.6

106.7 81.1 100.2 93.3 93.1

YORK. Jan. 24 opened irregular Allis Chalmers Chic Mil St Paul 5s 7 Den Rio Grande 4s..

NEW (U. P.).—Bonds

43s -

Paramount

Curb Stocks

By United Press NEW YORK, Jan. 24 (UV. P.).—Curb stocks opened easier, Net Change Ya Ys

Am Cyan B Am Sup Pow Brazil TL &P . Cities Serv .. El B & S sew Lake Sh Min N J Zinc .. Technicolor Un Gas

DAILY PRICE INDEX

NEW YORK, Jan. 24 (U. P).— Dun & Pradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (19301932 average 100): Saturday ... Week ago ... Month ago ... Year ago 1937-8 high, April 5 1937-8 low, Jan. 3

.. 116.00 .116.39 .116.71 .. 142.47 .158.26 | .114.69

FOREIGN EXCHANGE

NEW YORK, Jan. 24 (U. exchange steady. Following cable rates on major currencies: Cable

are noon

Net Change —.00 1-16 —.00 1-16

+.0000'2 —.0000%3

—.0000%2

Rates 4.99 13-16 4.99 1-16 .00

England (pound) England (60-day bill

Cote France (franc) Italy (lire) Belgium (belga) Germany (mark) Germany (travel

(dollar)

con DS (franc). . Hglland (guilder) ... .5% Sweden (krona) 2 Norway (krone) Denmark (krone) . Australia (pound) ; Austria (shilling) ... . Czechoslovakia (korun=) elim Finland markka) 2 Greece (drachma) 00 Jugoslavia (dinar) .. . New Zealand (pound) Poland (zloty) Portugal (escudo) Rumania (leu) d Argentina (offl. peso) . Argon ms (unoffl.

ark) Switzerland

Uruguay (peso) s Mexico (silver peso) . Hongkong (dollar) .. . Shanghai (yuan) India (rupee) Japan (yen)

BANK STOCKS

Bank of Manhatton . Bankers Trust aod Bank of New York Trust .... Brooklyn Trust Central Hanover Chase Chemical Commercial Continental Ere Exchange

rn National . Pustanty Irvin . Manufacturers won

Title GUATANLEE seeesccesssece

States Steel

24 (U.|

Mont- | {

| and | $8, latter price for two double decks

| 3 52 weeks | 13 ended Dec. 31 sales $23,180,922 vs. | Is

Bonds | 79.6 |

82.6 | 100.6 |

83.0 |

P.).—Foreign |

[

Light Receipts Rally Prices Ot Hogs Here

| | Hog prices rallied from the close | Saturday under light supplies locally land improved levels at most prices, | according to the Bureau of Agri[cultural Economics. Compared with Friday and the best time Saturday, values were 10 cents lower, but showed a 10 cents gain over the ex- | treme close last week. Top reached | $9. 10 for best 150 to 170-pound butchers. Packing sows held strong | with Saturday's best prices, bulking [from $6.35 to $7, with an extreme | | limit of $7.25 on some good light | | butcher type sows. Several premiums of 5 to 10 cents were made [on strictly choice. Despite light supplies of slaughter steers and heifers, killers succeeded [in cutting corners in a slow trade. | Opening steer sales ruled weak with nothing offered to attract shippers, |and other bids carried a lower tone. | Most steers were shortfeds to sell downward from $8 to $6.85. Most weighty heifers remained unsold, while anything low priced | or lightweight and most cows found | outlet at last week's rate levels. | Bull prices lost the edge gained on late rounds last week. Bulk heifers ranged from $6.25 to $7.25, a load or two held higher. Cutter grades cows at $4 to $5, and common beef cows at $5 to $5.50 were offered in | limited numbers. Weighty reached $6.50 and $6.75. Vealers were 50 cents lower, top $11.50. Lamb prices declined 15 to 25 cents, most off on rfatives. Good choice lambs mostly $7.25 to

finished Western lambs. Yearlings

25 cents lower, top $6.75.

Top Receipts 9.00 7000 7000 7000 €000 6000 6000 1500 6000

| Barrow and Gilts— (140-160) Good and (100-180) Good and (180-200) Good (200-220) Good (200-250) Good 1250-290) Good (290-350) Good

Pa Sows— (275-350 (350~ 425) 1425-450) (275-550) Slaughter Pigs 1100-140) Good and Soles . Medium EH

Sno D ra OOD rt rt OOo oO0O

CATTLE —Reciepts, 1000— Choice Choice Choice Choice Good Good Good Good . Medium Medium Medium Heifers— Good

Steers— (750-900) (900-1100) (1100-1300) 11300-1500) (750-900) (900-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) (750-1100) Steers and (550-750)

8.00@ 9.50 7.004210.50 9.004111.00 9.25@ 11.00

(750-900) . (550-900) Medium | Common

96.2 |

| All Weights— Good . Medium Common Cees Low cutter and cutter Bulls Yearlings excluded (all weights)— Good (beef) g ‘ (All weights) Medium Cutter and common ........

‘ealer: —Receipts, *400— | (All weights) Choice ... | (All weights) Good (All weights) Medium Cull and common

Calw —Receipts, * 400— (250-400) Choice . (250-400) Good (250-400) Medium 5.00@ (250-400) Common 4.50@ 5:00 Feeder and Stocker Cattle Steers— (500-800) (800-1050) (500-800) (800-1050) (500-1050) (500-1050) Heifers— (500-700) Common

§.50@ 10.00 6.50@ 8. 0

: 33-300 oo NJ O ao PANDO

Good and choice . and medium . SHEEP AND LAMBS —Receipts, 1300—

ana

| Ewes— Good and choice Common and medium CHICAGO, Jan. 24 (U. P.).--Hog:—Re-ceipts, 32,000, including 11.000 directs; market, strong to 10 cents higher on 210Ib. weights down: 210 lbs. up mostly 10 to 25 cents higher: bulk good and choice | 150-200 1lbs.. $3.60%:8.75. top, $8.80; 210-250 Ths., $8.10 8.50: 260-290 Ibs., $7.60@8; 300350 1bs., $7.35@ 7.60; some good eds weight and heavy sows, $6.60@6 Cattle — Receipts. 17,000; Bo 1500; steer market very dull; few early sales, 25 cents lower: ‘shipper demand narrow and good and choice kinds predominating in crop: few loads, [email protected]; ceveral loads held above $11: dressed trade sluggish: heifers, steady to weak; light kinds steady; most heifers, early, [email protected]; | best held above $9; cows, slow, steady, | scarce; bulls, scare, steady; vealers, 50 cents lower at $10.50 down. Sheep — Receipts, 21,000. including 400 slow; woractically

| directs; fat 'ambs very | no early sales; undertone. 25 to 50 cents lower; early bids around [email protected] on Po and choice offerings; $7.85@8; sheep, inactive.

CINCINNATI, Jan. 24 Receipts, 3100; 520 Sirect fairly active on light upply; top, > 200-225 lbs., $8.75; $00-140 bs, $7. 90@8. 65: bulk good packing sows, $6. 25616.50. Cattle—Receipts, 1100: calves, 400; market. slow; steers and heifers weak to 25 cents lower: odd lightweight baby beef type yearlings, 87.75@8; load nay steers and odd lot “yearlings, £7.50: load 1010-lb. steers, $7.25: load 781-1b. heifers, $7.50: good ‘beef cows, [email protected]: low cutters and cutters, [email protected]; practical top, sausage bulls, $7; practical top, vealers, $11.50. Sheep—Receipts, 100; none direct; market, steady on small salable supply; good native ewe and wether lambs quoted $8@ 8.50. common and medium oSTades, $6@ 7.50; most slaughter ewes, $2@3

(U0. P.).—Hogs— market,

LA RY Market, Jan

Ry $10@ 10. x3

Roughs, lambs, $7.75

LOCAL PRODUCE

Heavy breed hens, 4: Ibs. and up, 1Bc; under 4%2 Ibs. 1l4c; Leghorn hens, 12c: heavy springers, 12 lbs. and over, 18c; Leghorn springers, 1'%2 Ibs. and over, 15c; old roosters, 9c. Eggs—No. 1 strictly fresh Sountss, 5 ee. | 5 15c. (Each full case must weigh ross. A net reduction of 15 cents n each ull case Snder, SS Ibs. will be made.) Butter—No. 36%2@37¢c; No. 2, Ma

35¢c. Butte Bd : No. pt (Prices ur by W

28c. adley Co.)

MARKET

| Dow

bulls |

THE INDIANAPOLIS TIMES

PAGE 11

Net Last Change Ls lg 3s

Alaska Jun .... 1 Alleg Steel .... Allied Stores Allis Chal

A inc Anaconda Amour Ill . 1 Armstrong Ck «37 Atchison «31

FIRE):

Ste: 61 Beth Steel " ot oes Blaw-Knox .

Col Pictures vtec 13% Com Solvents .. 3%

Cons Edison pf 94 Cons 10 Con RE ‘cuba it 64 Cont Bak A 154

Curtiss-Wr - .... | Cutler-Ham

Deere & Co.. Diam Match .. Diam T Mot Doehler D Cast 2034 | Dome Mines 565% Douglas Air... 43% y Chem 93

Pont -. 115%

10% 10% see 9% 33 vy 138 11% . 45 4%

Am Tr.... Baking. “s Cable .. Cable A .. Electric... Gen Motors Gen T&R Goodrich “eas Goodrich of ... Goodyear 21 Graham-Paige Gt North of. . Greyh'd 5% bof

Gen Gen Gen Gen Gen

CHITTY

Homestake Houston Oil ... Hudson Motor . Hupp Motor

Ind Ravon .... Inspiratn Oop Inter Iron Int Agric Int Mining Int Nickel Int P&P .... IntT&T ....

FEIN Oe

Johns-Man

Kelsey-Hayes Kennecott ‘ Keystone Stl

Marine Mid ... Marshall Fld Martin Gl oe Martin Parry

GRAIN ACTION DULL ON CHICAGO MARKET

Corn Remains Unchanged in Narrow Range.

CHICAGO, Jan. 24 (U. P)— Wheat activity was small on the Chicago Board of Trade today and price changes in a Very narrow range. At the end of the first hour wheat was 1% to 3s cent higher, corn was 1g cent Jower to % cent higher, and oats were 1% cent lower. Winnipeg wheat climbed sharply on good buying in the Canadian market and the bullishness of the Dominion market encouraged traders in Chicago. On the Canadian rise prices here soared as much as 3, cent from the opening lows.

NEW YORK STOCKS

Ry United Presse.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS 130.00 —0.69 . 132.49 —1.82 123.45 —3.91 : 185.62 —1.0% 1937-38, 194.40: low, 113.64. 1936, 184.90; low, 143.11, 20 RAILROADS 29.79 31.81 30.49

High, High,

0.01 0.52 -1.00 —0.81

Saturday

Month ago Year ago High, 1937-8, 64.46; low, 28.91. High, 1936, 58.89; low, 40.66, 20 UTILITIES Saturday Week Bg0 .... uu. iy Month ago Year ago High, 1937-8, 37.54; low, 19.65. High, 1936, 36.08; low, 28.63. 70 STOCKS Saturday Week ago Month ago Year ago High, 1937-8, 69. 67; low, 38.8%. High, 1936, 66.38; low, 51.20.

High 427% 232

McIntyre Porc

La esta Mach ... 4012 iami Cop .... 10 inn Hny .... 58% MEM Qiine 6% 3s «uD .. 88 . 34% .. 183% «ov 19% . 85

z2zzzz RRR2BRRR

urphy G

Nash-Kelv Nat Aviation Nat Biscuit Nat Dairy ... Nat Distillers

HOD-I-I- IO NODS

et LS BI we 0D 0 PNIIOON

No Pacific

Ohio Oil

sevens

Par Pure Oil Purity Bak ....

Radio . Reliable ‘Stores Republic Stl Repub Stl Pre A Revere So . Reyn Tob Richfield oil

Schenley Dyst es

Socony Vacuum South Pas Sperry-Corp ... Spiegel Inc .... Std Brands Std G&

Ind — Starrett L g ve 5 Studebaker

Sunshine Min.. 13 Swift & Co ..

+ +

Tenn Corp Texas Corp Thermoid .e Timken R B.. Transamerica Tri-Cont

Union Carb ... Un Pacific

Un Air Lines... United Corp... Dnited Cp pf... El oa. ~ vu S Realty.

FDIC SURVEY RAPS

WASHINGTON, Jan. 24 (U. P.).— A Fedaral Deposit Insurance Corp. survey, disclosing that approximately one-eighth of the total deposits in the nation’s 15,000 banks are controlled by 23 major bank-holding companies, was revealed today. Officials who admitted the sur-

was begun prior to President Roosevelt’s pronouncement against holding companies—particularly banking holding firms. The study revealed that there are

ling a total of 560 banks. Of these, the 23 largest wield control over 400 banks which contain approximately $6,250,000.000 of the $50,000,000,000 deposits in all banks.

Your Income

4 However, most traders still pre-

ferred to remain on the sidelines. | Wheat receipts were 32 cars. | Corn remained unchanged in an extremely narrow range. There was very little action in the secondary grain. Corn receipts were 120 cars.

WAGON WHEAT gain elevators are baying c; other grade: on their

for Mo merits. Oats

y SY red,

Zann corn. new No yellow, 30c. 28c

ARGENTINE GRAIN

BUENOS AIRES, Jan. 24 (U. P.).—Grain futures opened i ary, $1.09%, u 3sC. Corn— February. 803c. off : 64%:c. off 3c. Oats—Spot. 32° . changed. Flax—February, $1.35%c, changed; March, $1.36. unchanged.

UIVERPOUL WHEAT

(Today's S. | equivalents based on sterling at $4 9935. Prev.

CHICAGO PRODUCE

Eggs—Market, 6260 cases; fresh graded firsts, cars, Povic: than cars, 18%c; extra firsts, cars, 19%c; less than cars, 19c: checks, 15%c: dirties, 161%c: current receipts, 18c. Butter—Market, steady: receipts. 412. 435 gross lbs.: extra firsts (90-91%, 32@32%ac: extras (92 ag firsts, @31'%c; ards. 32c: specials, 331% oultry—Market. SACL "receipts. trucks; ducks, 18@22c: hens, 21622c: geese, 18c: spring chickens. 22 23c: broilers, 20c; fryers, 21@22c; Leghon hens. 17c; turkeys, 12@24c. Cheese—Twins, 16V lsc: daisies, 17@ 170: longhorns, 17@17%c Potatoes — Supplies, slight ; market. banks. $1.32 Clures, $1. 061 ‘95:

iberal: demand,

h @1.05: Michigan Russet Rurals, $1. Bn Rourd Whites, Commercials. 921, @95c. New Stock —Demand, light; market, weak: Florida Bliss Triumphs. per bushel crates. $2: exes Bliss Triumphs, per bushel crates,

Arrivals. 151: shipments, 977 Saturday, 189 Sunday: on track, 297.

U. S. STATEMENT

WASHINGTON, Jan. 24 (U., P.).—Government expenses and receipts for the current fiscal year threcugh Jan. 21, compared with a your Sho

Last -$4, 230. bar “96. 04 $4,047, i85. B64. 90 .. 3,409,197, 368,911.664.5!

Customs

T Total Pur. Inac. gold $5.0 3 69 $1,222.979, 450.01 INDIANAPOLIS CLEARING HOUSE Clearings $2,560,000 Debits Tan

6,301,000 FOOD PRICES

CHICAGO. Jen. (0 Michigan McIntosh, cas [38 2% tatoes—Tennessee, Carrots—Illinois,

—Apples— Yoo Poa @

190c. Cauliflower_falifomia, crates, $1.35 alse. Peas - a ampers, ery—Mic an. square rane ‘35c@$1. RT (50-10 Sake) dake valenclas. - 75180. Gor Valencias, ashington Va-

fencias, $1.42%@1.45,

Tax

By U. S. Bureau of Internal Revenue

No. 1

HOW TO AVOID COMMON ERRORS

HE period for the filing of T income-tax returns covering the calendar year 1937 began Jan. 1 and ends at midnight of March 15, 1938. To file early is of mutual benefit to the Government and the taxpayer. Within this period are filed annually millions of individual income-tax returns, a large proportion of which report income subject to the tax. The latter contain a considerable percentage of errors, which if uncorrected by the audit would result to the disadvantage of the taxpayer. Many are errors of computation easily discovered on the face of the return, which usually is accompanied by a payment of more than the amount of tax due. In other returns it is readily discernible that the taxpayer has failed to take advantage of the personal exemption, credit allowed for dependents, or deductions from gross income to which he is entitled. To avoid these and other errors, the Bureau of Internal Revenue urges careful reading of the instructions accompanying the forms for filing the returns. Additional information, if needed, may be obtained at the office of a collector of internal revenue, deputy collector, or an internal revenue agent in charge. Taxpayers who apply to revenue officers for assistance in preparing returns should bring with them a copy of their prior year return. Also, as a further aid in the preparation of a correct income-tax return for the year 1937, the Bureau has prepared a series of short newspaper articles, of which this is the first, advising the salaried man, wage earner, professional and businessman — in fact, every class of individual taxpayer—of his requirements and privileges as interpreted under the latest regulations, rulings and decisions relating to income-tax law.

A | Lumber, 1000 ft.

HOLDING COMPANIES

vey was completed, indicated that it!

62 bank holding companies control- |

Net Last Change 20 a 60 58

High .. 20% 60s 581; —y Vanadium ..... 18% 1834 Van Raalte ... 21 1 Vick Chem .... 42 42

Wi . 29% 20%

U S Rubber US Rub 1 pf . U S Steel

20 5% 60 1% 58 S 1s Ya

18% 2

Wes Oil &

28% 26% West Air Bke.. 24 24 Westing El 102% 102% White Mot 12 Y White Sew M pf 19% Wilson & Co .. Wilson pf

Woolworth 17 Va

Yellow Tr 14% Young Sheet .. 39% Young Stl ..... 19% —ll— . 16

14 397% 197%

Zenith Rad 16

HIGHER PRICES GOAL OFF. D.R.

Restoring 1926 Level Will Mean Many Reductions, Bureau Shows.

(Copyright, 1938, by United Press) WASHINGTON, Jan. 24—Gov-

ernment economists said today that achievement of President Roosevelt's | price goal will require higher food, | textile and farm prices, but stabilize

:|and reduce prices in other com-

modities.

Mr. Roosevelt has reiterated his determination to restore the nation’s price structure to approximately that prevailing in 1926. He seeks lower prices for commodities where quotations have risen faster than the general price average. Such rises were reported by economists in | construction materials such as steel, [lumber and cement, which stood at close to the 1926 average at the end of 1937. Proposals for reductions in steel | prices have been reported under scrutiny by the Administration. No official cenfirmation has been given and infogmed sources say no decision has been reached. Considering 1926 prices as 100 the Bureau of Labor Statistics reported , | today that its 1937 average tenta- | tively is estimated at 86.3. The Bu-

| esoat all types of modities pe building ma Is have slumped in recent months, A comparison of actual wholesale prices for various commodities in 1926, and in November, 1937, the i latest for which statistics are avail-

» | able, showed the following averages:

5 1926 Nov. '37 orn, No. 3 mixed, bu.. $ .736 .543 Wheat, No. 2 hd. winter, bp. 1.49 : Steers, good-choice, 100 Ibs. 9.52 Hogs, heavy butch., 100 1bs..10.13 Milk, 100 Ibs. at New York . 3. | Butter, firsts, Chicago, Ib.. Beef, Western, dressed, 1b. | Hams, 1b as ‘Ib. loaf.

| Bread, New York, Finished Steel, 1b 4 | Build. Brick, per 1000 13.91 vellow pine 4

om.

flooring | Portland, Cement, av. grade, bbl

Dairy Production Down

The Bureau of Labor Statistic’s wholesale price indices for December, 1937, which marked the low point last year for most commodities except building matexgals, indicated where Mr. Roosevelt may have to direct his attention to achieve his price objective. Among the commodities considerably below the 1926 level and their

latest averages were: Dairy products, 89.2; fruits and vegetables, 61.5; meats, 88.8; silk and rayon, 68.7; cotton goods, 30.1; woolen and worsted goods, 83.5; automobile tires and tubes, 51.8; fuel and lighting materials, 78; grains, 71.5, and livestock and poultry, 86.2. For a short period during 1937, building materials were only 3.1 points below the 1926 average. The average for cement was 95.5 in every month last year. The lumber index soared three points above the 1926 {level in April and May, 1937, and closed the year at an average of 94.8. The iron and steel index touched 99.9 in August and stood at 99.3 in November.

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The Joliowing quotations do not represent actual bids or offerings. but mereiy indicate the approximate market level based on buving and selling inquiries or recent transactions. PONDS

ge oa Tel (TH) 4Y%s 61 & Tel Ft W 5'2s 55

| Ind Asso Tel 4':s

Bid «+101 ..103% .. 104% .. 104%; 97

Asked 104

Ind Railway Inc 5s 67 o> Interstate Tel & Tel 5'%s 53 . Indpls Water Co 32s 66 «+100 Kokomo Water Works 5s 38 . Morris 5 & 10s Stores 5s 50 .. 9 Muncie Water Works 5s 65 .. Noblesvillee HI&P 62s 47 ....100 Ohio Tel Serv 6s 47 Pub Tel 45s 55 Richmond W W 5s 5 Sevmour Water Co 5s 49 T H Trac & L 5s 44 T H Water Works 5s 56 T H Water Works Gs 49 Trac Term Co 5s 3

S Belt RR St Yds com .... Belt RR St Yds pfd Cent Ind Pwr 77% pfd ‘ Home T&T Ft W 7% pfd . Hook Drug Inc com Ind & Mach 7% : Ind Gen Serv Co 6% pfd Ind Hydro Rie 7% vid Indpls Gas com . Indpls P & Lt pfd 615% Indpls Pwr & Lt oe 8, 87 Indpls Water Co nfd 10. Lincoln Natl Life Ins Co com 3 P Mallorv com ¢ N Ind Pub Serv Co ‘pid hi % N Ind Pub Serv pf 6% N Ind Pub Serv 77, Pub Serv of Ind or Pub Serv of Ind 7% 25 Progress Laundry Co com .... Terre Haute Elec Co 6% Union Title Co com Van Camp Milk Co pfd Van Camp Milk Co com ..

(Bv M. P. Crist & Co.)

xMarket St. Investment Corp.. 23.55 xEx-Dividend.

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

| entered

Ltions for the observance of the

MATHEMATICS SYMPOSIUM SET AT NOTRE DAME

Harvard Professor to. Talk At Study Meeting on Feb. 11 and 12.

Times Special NOTRE DAME, Jan. 24. —The nations leading mathematicians are to meet here Feb. 11 and 12 for a symposium on the algebra of geometry and related subjects, it was announced today. Prof. Edward V. Huntington of Harvard University is to address the meeting at 7:30 p. m. Feb. 11 in Washington Hall. Other symposium speakers are to include Prof. Marshall H. Stone of Harvard, Dr. John von Neumann of the Princeton Institute for Advanced Study, Prof. Oystein Ore of Yale, Notre Dame is to be represented at the meeting by Profs. Karl Menger, Emil Artin and Arthur N. Milgram.

MISSION TO BEGIN CAMPAIGN FOR FUNDS

Wheeler City Rescue Mission is to begin a drive for funds to complete its building improvement program on Feb, 21, according to Harry W. Krause, president, The campaign, authorized by the Chamber of Commerce, is to improve mission facilities which have proved inadequate, Mr. Krause said. Arthur R. Baxter today had been appointed general chairman. Harper J. Ransburg is co-chairman and Charles A. Tevebaugh director. Women’s chairmen are Mrs. Ralph J. Hudelson and Charles A. Mueller. The drive is to end Feb. 28.

URGES EDUCATION AGAINST SYPHILIS

Separate antisyphilis educational programs for children and adults were urged today by Dr. Charles W. Myers, City Hospital superintendent. To prevent an unnatural fear of the disease the children’s educational program must be under charge of persons trained in child psychology, he said. Speaking last night at the young people’s forum of the University Park Christian Church, Dr. Myers said 20 per cent of all new cases develop in persons under 20 years of age.

SHRINERS’ CIRCUS TO HAVE 50 ACTS

The Murat Shriners Indoor Circus, to be held at Butler University Fieldhouse March 7-12, is to feature 50 “big top” acts, according to Edgar Hart, general chairman. Two performances are to be given each day. Wild animal acts, steerriding and high wire artists are to feature the production. Assisting Mr. Hart in preparation are Dewey Myers, director general; Dr. C. E. Cox, treasurer, and Fred McNeely, secretary.

FRIDAY IS DEADLINE FOR LEGION ESSAYS

Friday is the deadline for essays in the fourth annual constitutional essay contest sponsored by Hayward Barcus Post No. 65, American Legion, Arthur F, G. Gemmer, post Americanism committee chairman, announced today. Essays must be submitted by that date to Russell V. Sigler, Shortridge High School history instructor, he said.

HANNA FIGHTS LOSS OF TRAIN SERVICE

Ralph Hanna, Public Service Commission counselor, today said that he will oppose the Pennsylvania Railroad's petition to discontinue passenger service between Indianapolis and Vincennes. He said the proposed abandonment had been protested by Bicknell and Spencer residents. The hearing has been set for Feb. 10.

MANUAL TO MARK 43D YEAR FEB. 18

Russell Etter, Manual Training High School Alumni Association president, today had begun prepara-

school’s 43d anniversary, Feb. 18. Other executive committee officers are Mrs. Lucetta Childers Schwomeyer, vice president; Miss Anna J. Scheafer, secretary, and E. H. Kemper McComb, school principal, treasurer.

SEMESTER NEAR END LAFAYETTE, Jan. 24 (U. P.).— The first semester of the current academic year at Purdue University ends Saturday when the last of the “finals” will be held. Registration for the second semester starts Feb. 1 and classes will begin | Feb. 3.

UNDERWRITERS TO MEET William T. Earis, Cincinnati, is to address the Indianapolis Association of Chartered Underwriters at a uncheon meeting Wednesday at the Claypool Hotel. He is to speak on “The Business Value of Keeping Accurate Sales Records.”

NEON ® SIGNS ®

Indianapolis Electric Sign Co. 228 N. ALA. LI-5674

Company increased during 193%

ASSETS INCREASED Making TOTAL SE

your immediate disposal .

PROGRESS IN 1937

INSURANCE IN FORCE of the Tdienagols Life msurancs Making TOTAL INSURANCE IN FORCE over

This Ee has paid to and invested f Policyholders A neficiaries since organization. $39. 442,496.64

Convenient Home i location places competent advisor without charge or obligation, rea

Indianapolis Life Insurance Co. 30th and Meridian Sts. Edward B. Raub, President A. LeRoy Portteus, Vice President

5.,310,661.00 TITRA LEEE $106,000,000.00 1,754,068.76 20,403,555.98

service at or implied.

| ernment.

Market Officials Meet Here

Kenneth S. Templeton eft),

Chicago Board of Trade president,

and C. C. Barnes, Winchester, Indiana Grain dealers Association presi dent, as they met at the 37th annual association convention today at

Columbia Club. ”

”

Hoosier Grain Dealers’ Head Warns of Freight Rate Increase

C. C. Barnes, Winchester,

Columbia Club.

Indiana Grain Dealers’ Association presie | dent, today warned against probable increase of freight rates by the Gove He spoke at the 37th annual convention of the association at

“Our job is to scrutinize this probable rose and prevent any ine

equalities Which might be harmful to the trade,”

GRAND JURY PROBES |

SHOOTING OF HUSBAND

FRANKFORT, Jan. 24 (U, P.).— The Clinton County Grand Jury today was to investigate the shooting Friday of Clarence Timmons, 28. His bride of a month, Fernie Louise, 18, is being held. Milt Jones, step-uncle of the girl, at whose home she shooting took place after a party, Forest Crockett, another uncle, the latter's wife, Edith, were expected to testify. According to Mr. Crockett, Timmons was shot as he tried to take a rifle from his wife. Questioned by Millar Morrison, | prosecuting attorney, the young | widow insisted she shot her husband accidentally.

FORENSIC CLASSES DINE Monday public speaking classes of Indiana University Extension Cen-

ters are to hold a dinner tonight at Hoosier Athletic Club. Members are to give short talks.

Rotary’s Guest

Raymond Clapper of Washington special political commentator for The Times and other ScrippsHoward newspapers, is to speak at the Rotary Club’s luncheon meeting tomorrow at the Claypool Hotel. Mr. Clapper has chosen for his topic, “Can a Businessman be a Success in Politics?” Last summer on a trip through Europe he wrote a series of articles on foreign affairs, Prior to this he covered many sections of the country including Chicago, Milwaukee, St. Paul and

| at

New York for the United Press.

. Barnes said. Kenneth on Templeton, Chicago | Board of Trade president, spoke at this afternoon's session. He pointod out the advantages to the dealer of futures buying. “Buying and selling grain at the same time to protect ourselves from price fluctuation is simply safe and sane insurance,” Mr. Templeton said. “Such a policy will show a tremendous profit four years out of five.” Other speakers todav were D. B, Jenkins, Noblesville, and George BE, Booth, Chicago, representing the National Association of Grain and Feed Dealers. Rising taxes, wages and other costs of operation were discussed today’s meeting. The annual banquet-is to be held at 6:30 p. m. today at Columbia Club. Following election of officers tomorrow morning, the meeting is to adjourn at 1p m

ACCOUNTING SYSTEM CHANGES DISCUSSED

Installation of the newly adopted budget control and accounting system prescribed for, county welfare departments by the State Accounts Board was to be discussed at Huntington today. Directors and accountants of 23 county departments are to meet in Indianapolis Wednesday. Other conferences are to be held this week at Knox, Vincennes and Madison. Meetings are to be conducted by Charles B. Marshall, State Welfare Department Administration direc= to; R. H. Mathius, chief accountant; R. L. Keiser, finance adviser, and W. C. Royce, State accountant.

JUDGING BEGINS FOR HOOSIER ART PRIZES

A committee of six artists and two lay members today were to be= gin judging pictures and sculpture exhibited in the 14th annual Hoosier Salon in Chicago. They are to pass upon entries of Hoosier artists from 17 states, Hawaii and Europe. Twenty-one money prizes, from $50 to $500 are to be awarded, in cluding the John C. Shaffer $500 prize for the outstanding picture.

JAMES WATSON TO TALK

MUNCIE, Jan. 24 (U.P.).—Former U. S. Senator James E. Watson will speak at the Lincoln Day dinnermeeting of the Delaware County Republican Club here Feb. 9, according to County Chairman John D. Lewis. Mr. Watson will deliver a Lincoln Day address at Springe field, Ill., Feb. 12.

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