Indianapolis Times, Indianapolis, Marion County, 28 January 1938 — Page 20

PAGE 20

NEW YORK MARKET

DROPS

FOLLOWING

DEFENSE MESSAGE

Major Groups Show Losses Up to and Over a Point.

NEW YORK, Jan. 28 (U. P.).—Wall Street was disappointed with President Roosevelt’s national defense message today and stocks, which advanced early, turned down. For a time selling was heavy and tickers were late. Around noon major groups showed losses of fractions to more

than a point. The financial district had looked for armament expenditures of at least a billion dollars. When a bill was introduced in the House, immediately after the President's message, authorizing $800,000,000 expenditures for armament, traders sold. Declines spread to all issues, including those whose companies would profit by armament expenditure. . United States Steel, which had touched 543% up 1, declined to 52%. Motor shares declined to small Santa. Fe registered a onepoint loss in 8 lower rail section. Gold mining issues made new highs. Coppers eased, as did oils, aviavions

and utilities. # 8

Today's Business At a Glance

GENERAL BUSINESS

Dun & Bradstreet reports retail trade this week 1 to 3 per cent over last week and 92 to 5 per cent over year ago; wholesale 4 to 8 per cent

over year ago. CORPORATION NEWS

A. M. Castle & Co. 1937 net profit $958,932 equal ® SE share vs. $559,4.66 in . . I a Co. of America (Baltimore) 1937 net profit $199,753 equal to $142 a share on combined Class «aA” and “B” common Vs. $189,823 or 36 in 1936. 4 BL Cory Stores Corp. 1937 net profit $2,168,620 equal to $189 a common share Vs. $2,436,168 or $2.15 i 936. Boi Lighting Corp. 1937 consolidated net profit $7,775,077 equal to $4.10 a common share vs. $7,419,095 or $3.88 in 1936. Quebec Power fore income taxes

217 in 1936. DIVIDENDS

Bankers and Shippers Insurance Co. of New York regular quarterly $1.25 payable Teh. 17 record Feb. 8. Buckeye Pipe Line Co. T5 cents payable March 15 record Feb. 18 vs. like payment Dec. 15. New Amsterdam Casualty Co. regular semi-annual 30 cents payable April 1 record March 1. Sterling Products, Inc., regular quarterly 95 cents payable March 1

record Feb. 15 (Copyright,

Curb Stocks

By United Press NEW YORK, Jan 28 (U. Pp.).—Curb stocks opened irregular.

Co. 1937 profit be$751,622 vs. $782,

1938, by United Press) -

a Open Change Am Cyan B $31 =. Am Sup Pow Te Cities Serv

8 . » . he Eagle Picher Lead

Niag Bass. Pantepec Oil Un Gas ..--

8 in U. S. STATEMENT

WASHINGTON, Jan. 28, (VU... P.)- -Government expenses and receipts for the current fiscal year through Jan. 26, compared

with a year ag0:

Last Year $4,122,505,148.2¢ 2:410,269,395.96 1.712,235,752.69 1,13 7,888.39 1,148 085.29 4,50 Gold Res. 1,34 Customs .

Inac. Gold

Today's Pur. Total Pur. 27 %60.35 $1,223,002,130.06

INDIANAPOLIS CLE ARING HOUSE

Lon era] $2,139,000 Giatnes ah © 75'914,000

FOOD PRICES

«Jan, 28. (1. P.).—Apples—CO eth os. [email protected]. Sweet ota toes Tennessee, bu. hampers, 15@ 0c. Carrots—Illinois, bu. 35@50c. Spinach— Texas, bu., 60c@sl. Tomatoes—Mexican, , $3.15@4. Cauliflower—California, crates, $1.25@1,40. Peas—California, hampars, $2.90@3. Celery — Michigan, crates, 35c@s$1. Onions (50-10. Illinois Yellows, 85c@$1.35 Idaho Valencias, 15.

ys FOREIGN EXCHANGE

NEW YORK, Jan. 28 (U. P.).—Foreign exchange firm. Following are hoon gable

rates or currencies: Fates 0 $f Cable Rates Change 7 «4.00 3-16 4.00 3-16

$5.00 7-16 4+.0004%

sacks) — (street sales);

England (pound) Eng. (60-d. bill rate) Canada (dollar) . (franc) Italy (lire) Belgium (belza) Germany (mark) . Ger. (travel mark) Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) . Australia (pound). Austria (shilling) Czecholsovakia a la (markka). (drachma) . (dinar) (pound)

4.99 11-16 1.00

4-,0000%2 +.00%

+.0000%

Greece Jugoslavia New Zeal. Poland (zloty) Portugal (escudo) Rumania (leu) .... Argen. (offl. peso) (unof. peso) (milreis)

+.00%

+.0001 —.0005

Mexico (silv, Hongkong (dollar). Shanghai (yuan) .. «29 India (rupee) ..... .3780 Japan (yen) Paws L000

RAILROAD PROPERTY SALE IS APPROVED

The Indiana Public Service Commission today approved the sale by the Indiana Railroad, Inc. of property at Cambridge City for $900. This Is one of a series of sales approved by the Commission, in abandoning property in the state network of traction lines. ART EXHIBIT SET Times Special BLOOMINGTON, Jan. 28.—Indiana University Extension Division is to sponsor an art exhibit by contemporary artists here Feb. 6 to 19, Mrs. Robert E. Burke, chairman, announced today.

—.0001 <+.0002 +.0001

Light Porker Receipts Hold Prices Steady

Most weights of hogs held steady under light receipts locally and [around the market circle, according to the Bureau of Agricultural Economics. Unchanged levels applied

to weights above 170 pounds with lighter averages and pigs 10 to 25 cents lower under a revamped weight schedule. Top of $8.90 was paid for good and choice 160 to 180 pounds. Packing sows held fully steady, bulking at $6.40 to $7, with a top of $7.25 on a few good lightweights. The action in the cattle division was confined to sales of odd lots common and medium heifers and cutter and common grade COWS. These moved at barely steady rates in a clean-up trade, the former at $550 to $6.50 and most cows $4 to $5.25. A few loads of plain and medium steers found only a limited number of bidders despite encouraging reports from Eastern wholesale dressed markets. Local killers have well supplied coolers as a result of this week's slow movement and wanted cattle at yesterday’s lower closing prices. It appeared at a late hour the few loads steers would have to move at these rates or from $6.50 to $17.25. A few bulls brought firm prices with the practical top at $6.25. Vealers went unchanged, holding the high level of $11.50 to $12 for good and choice. Lambs sold mostly steady, or bulk good and choice 187.50 to $8, two loads strictly choice handyweight fed Western lambs topped at $8.25.

HOGS Top Receidts TCE Te a ee a $9.00 6000

Barrows and Gilts— (140-160) Good and (160-180) Good and 0-200) Good and 0-22 0-25! 0-29 0-35

Packin

+3990300 00 05 00

Sows— 50) Good

Slaughter Pigs— (100-140) Good and choice

Medium ...... CATTLE —Receipts, 500—

Choice ( Choice 1 Choice 13! 00) Choice ( 1 1 (

00 Ama

ena

9 SII0PBROD DH

sescssvsseee

srasasssansnn

SOO OW

tessa snssaten

Gavooom

50-1100 (1100-1300) (750-1100) Steers and (550-750)

INES OID OMOUMNNO NOLO

wong

Medium Heifers— Good

0 OOD IIII0000 2 0999599599990 [=] ~JNEI

-3 wo 1

Heifers

(750-900) Good (550-900) Common

ood wean oud ad 0-3-1

All Weights— Goo Medium Common . Low cutter and cutter .... Bulls Yearlings excluded (all Good (beef) . . (All weights) Medium Cutter and common . Vealers —Receipts, 500—

weights) Choice ood -.

6.00@ 5.50@ 4.75@ 5.50

(All | (All

{ (All 9, : Cull and common 5.50@ 9.00 Calves | —Receipts, 500— 8.50@10.,00 { 8.50 | 6.50

) 5.00

(250-400) Choice

(250-400) | Feeder and Stocker Cattle | Steers— (500-800) Choice (800-1050) Choice (500-800) Good ... (800-1050) Good .... (500-1050) Medium (500-1050) Common Heifers— (500-700) Good and choice. . Common and medium . SHEEP AND LAMB —Receipts, 4500—

6.00@ 5.00@

7.50@ 8.25 .00@ 17.50 6.00@ 7.00 5.00@ 6.00

0o@ 3.50

EN Sood and eho 3.0 CB. aos sssssey } “ Co RN 2:00@ 3.00

Common and medium

CHICAGO, Jan. 28 (U. P.).—Hogs—Re20.000, including 10,000 directs; moderately active; Strong to mostly 10 cents higher: and choice 150-200 1 op, $8.80: 2 5. [email protected],; 0 Ibs., $7.50 0 1bs., [email protected]; packing to 10 cents up, bulk good, heavyweight, [email protected]. lves, 500; steers

sows stron medium an Cattle—Receipts, 2000; ca and yearlings mostly common and medjum grades in limited supply; steady, dehand for sprinkling good steers and yearlings very narrow, bulk steers of value to sell at [email protected]; bulls and vealers Sieady: most fed cows, $5.50@6; cutters, 84 50@5, top sausage bulls, $6.75; vealers, $12. Sheep—Receipts, 10,000; no directs; fat lambs in fairly broad demand; steady; | talking 87.75@8 on most good to choice offerings; clioice handyweights held $8.10 | @8.15 "and above; nothing done on year- | lings; sheep steady. CINCINNATI, Jan. 28 ( Receipts, 2650, including holdovers: steady to 50c higher; top, $0.35; 200-225 Ibs., $8.70; 100-140 1lbs., 87.756 8.50; bulk good packing SOWS, $6.25% 6.50. Cattle—Receipts, 300; calves, 200; slow, mostly steady: odd head baby beeves, $8; package 1020-1b, steers, $7.85; load medium weight heifers, $7.50, cutter kinds, £5.50 and less: common to good beef cows, §.50 @6: top sausage bulls, $7. Sheep Receipts, 375, Including 270 directs; steady on meager supply: good native ewe and wether lambs, [email protected]; common and medium grades, [email protected]; most slaughter ewes, $2@3.

LAFAYETTE, Jan. 28 (U. P.).—Hogs— Markst stead to 25 cents lower; 160-170

U. P.).—Hogs— 760 direct, no

down. Roughs, $86. 11; lambs, [email protected].

FT. WAYNE, Jan, 28

(U. P,).—Hogs— o 15 fos.

’

Roughs, lambs, $8.

CHICAGO PRODUCE

Eggs—Market, Steady: receipts, _ 8181 cases. Fresh graded firsts, cars, 18l:c; less than cars, 18%c; extra firsts, cars, 19c; less than cars, 183%c; checks, 15%zc; dirties, 1612c; current receipts, 18c. receipts, 634,Extra firsts (90-91% score),

Butter—Market, steady: 204 §i05s Ibs. 32@3215c; extras (92 score), 33¢; firsts, 30% @3112c: seconds, 28@30c; standards, 32¢: Spal 331. @34c. Poultry-—Market, steadv: receipts, 2 cars, 15 trucks. Ducks, 184i22c; se, 3 hens, 21@24c; spring chickens, 23@23'2c: broilers. 20c¢; fryers, 21@23c¢; leghorn hens, 19¢; turkeys. 18@24c. Cheese—Twins, 16YVi@16%:c; daisies, 163; @11c; longhorns, 1634@17c. Potatoes — Supplies, moderate: market. steady; demand light on account of cold weather, Idaho Russet Burbanks. $1.35; Colorado Red McClures, [email protected]; Minnesota Cobblers, U, £. Commercials, 95¢; Minnesota Bliss Triumphs, U. 8. Comm elas, 9215¢: Wisconsin Round tes, 81. ew Stock—Florida Bliss Triumphs, per bushel crates, $1.85. Track sales, less than cariots, Deig,buthel, orptes; Flori riumphs, ; U.S, “No. “2, "$190; Cu Bliss Tri hs, $2 : Arrivals, 50;

som oow

Bliss ba {

10. on track, ‘272; shipments, |

—

High Low 8% 8% 8 47%

Net Last Change 8% 10 12%

Adams Exp .. Air Reduc .... 4 Air-Way El ... 1 Alaska Jun ... 12% Alleg Steel ... 18 16 Allied Stores .. 6% 6% Allis-Chal 41; 41% Am ve wl 20% Am 4 4 Am & F Pwr 3Va Am &F PwrsTpf 17% de & L. ta

12%

3a 17% 3a 1% 5% 18 61 45% 11% 19

46 25 143% 66 9Vs 295s 32V4 34Ys 21

21 3%

Rad Roll Mill...

Smelt .... ! Stl Fdies.. 25% PP &.T....143%

A Anaconda . Armstrg Ok ... Atchison 3 Atl C Line .... Atl Refining ... Aviation Corp..

t & Ohio... Balt & ath

Balt & Ohio pf Barnsdall “rns Beatrice Cr ....16 Bendix Avan .. Best & Co .... Beth Steel Boeing Air ... Borg warner .. 23 Briggs Mig awe Bklyn-M sei Budd Mfg Buroughs

Calumet & H . Can Pacific _... Caterpillar T .. Celotex Cent Viol Sug.. Certain-teed . Ches & Ohio .. Chi Gt

chrysler... .... Colgate P-P ... Colum Gas ... Com Solvents . Commonw & S Cons Edison ... Cons Oil Container . Cont Bak A ... Cont Can ...... Del ..

+111

Cont Oil CORY. «ois reves Crown Cork ... Crown Cork p.f Crown Zeller .. Curtis Pub .... Curtiss Wr .... Curtiss Wr A...

++ H+

Deere & Co ...

HHH HE

Eng Pub 8

Fair Morse .... Fajardo Sug Fed Wat 8 Firestone T

Gair Robt Gen Baking ... Gen Bronze Gen Gen Gne Gen Gen Gen Gen T&R

Greyhound Grant pf

Homestake ....

63 Hudson Motor.. T%

Ill Central .... 9 Inspiratn Cop . 12% 10% . 58 a8 «v2 410% . 47% TV 6s Ts Wo 4% 35% L-O-F Glass ... 33% 383% & My B .. 92 92 Loco .... 26 47 . yok evveee 18 —— Mack Tr. ....+. 19% Marine Mid ... 6 Martin Gl 181% McCrory Va 44,

12 10%2 58 5% 10% 47 Va €Va TVs

y 8 Tins Int T& T For. 4%

Kelsey-Hayes B 4 35%

Kennecott

Loft, Inc 3% Lorillard 8

McIntyre Porc McKess & Rob

Nash-Kely Nat Cash Reg Nat Dair Se Nat Distillers .. Nat Pwr & Lt . Nt Sup Penn .. Natomas... ........8Y Newport Ind .. 15%

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 buying and selling inquiries or recent transactions. PONDS

Citz Ind Tel ( H Tel & Tel fr H Ft w

5s 67 4 & Tel las 83 ..

Muncie Water Works 5 ed Noblesvillee HILP Glas 7 ever

5 Richmond W 85 57..... Seyrou: Water Co 5s 49 .... T H Trac & L 5s 44 T H Water Works 5s 66 ...... T H Water Works 6s 49 Trac Term Co 5s 57 i

ST Belt RR St Yds com Belt RR St Yds pfd .... 7% pid

Indpls Gas com ... Indpls 6129 verre Indpls Pwr & Lt pfd 6% .... IndDls arer EIN 3% 102 xLincoln Na incon 2 e Ins Co com 2

ry_com ‘ sal N Ind Pub Serv Co pfd 5%%. 57 N Ind Pub Serv pf 6% 63

Union Van Camp Milk Co pfd Van Camp Milk Co com (By M. P. Crist & Co.)

xMarket St. Investment Corp.. 21.79 xEx-Dividena. :

BANK STOCKS

Bank of America. .........vv. 43 Bank of Manhattan

0 Brooklyn Trust Central Hanover Chase Chemical Commercial Continental cae Corn Exchange ...

mpire First National Guaranty ITVIiDR. : Manufacturers National City . N Trust Publi

Title Guarantee

LOCAL PRODUCE

Heavy breed hens, 4% Ibs, and up, 18¢: under 4% Ibs. 1l4c; Leghorn hens, 12¢: heavy springers, 1% Ibs. and over, 18¢; Leghorn springers, 1% Ibs. and over, 15¢; old roosters, 9c. ggs—No. 1 strictly fresh country eggs,

55 1bs., gross. A net B each full case under 55 Ibs. LY be Butter--No. 1, 36'%.@37c, No. 2, 35¢. Butterfat—No, 1, 30c; No. 2. 28¢c, (Prices quoted by the Wadley Co.)

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

No Am Avn ....

By United Press,

DOW-JONES STOCK AVERAGES 80 INDUSTRIALS Yesterday viet ariivrierres 101.57 Week ARO ..:issevive saves 130.69 Month ALO ....ovcesvvnse oo 120.85 Year Ago . BHAA . 184.73 High, 1937-8, 194.40: low, 113.64. High, 1936, 184.90; low, 143.11. 20 RAfLROADS

EEE LEE

-1.64 -0.71 +1.33

27.87 0.44 29.80

29.46

Yesterday Week Ago . Month Ago . Year Ago “ren BN High, 1937-8, 64.46; low, 27.87. High, 1936, 58.89; low, 40.66, 20 UTILITIES Yesterday .... Week AZO ....econesnvanrans Month ARO .....eo00 ssscers 20.35 Unchg. Year Ago . 85.71 —~0.16 High, 1937-8, 37.54; low. 19.32. High, 1936, 36.08; low, 28.63. CKS Yesterday “eae Week Ago ... Month Ago .... 40,30 Year Ago .. 65.70 High, 1937-8, 69.67; low, 38.87. High, 1936, 66.38; low, 51.20.

40.08

+0.32

srsstaRtsRtane

-0.48 -0.26

39.71 42.64

setae sant aes

Net Low Last Change 16 16 Va 15 12 2%

High 18 Ya 2% 2% 9% 97% 18 17% 9 87s 10% 10% a 12%2 20s 9%

No Pacific «...

Ohio O11 «ee... 12Y2 Otis Elev 20% 9%,

Otis Steel

sevens

sere

Pac G & El...

Parke Davis ... Pathe Film .... Patino Mines ..

Peerless ......«.

Penn D Cem...

Penn ree Phelps Dodg . Phillips Pet .... Pitts United

Qil. .... Purity Bak ....

PROFIT-TAKING WAVE i: FORGES GRAINS DOWN

Corn Prices Show Firmness As Volume Develops.

CHICAGO, Jan, 28 (U. P).~— Wheat prices were lower in a small wave of profit-taking today on the Chicago Board of Trade. At the end of the first hour wheat was % to % cent lower. Corn was 1, cent higher, and oats were unchanged. The sell-off in Chicago was traced almost entirely to traders with a desire to pocket profits. Outside markets were strong and this gave partial resistance to the downturn here. Broomhall reported that Australian farmers are disappointed with the lack of demand for their wheat but remain disinclined to sell remaining supplies around present levels. Wheat receipts in Chicago were 10 cars. Corn prices held firm in a fair volume of buying. Renewed evidence of an export demand for U. S. maize turned traders to the bull side. Corn receipts were 90 cars. Corn prices held firm in a fair volume of buying. Renewed evidence of an export demand for U. S. maize turned traders to the bull side. Corn receipts were 90 cars.

LIVERPOOL WHEAT U. S. Equivalents Based on Va) Prev.

Sterling at $4.99%) Hig] Low Close Close $1.13% $1.13% $1.13% $1.12% 1.13% 1.12% 1.12% 1.12 4 1.12% 1.12% 11.11%

(Today's

1.12

ARGENTINE GRAIN 08 AIRES, Jan. 28 (U. P.).—Crain futures opened steady. Wheat—February, $1.00%, up Yac: March, $1 09 Vs, unchanged. Corn—February, 80%c, up Yzc; ay 64%c, u 1c, Oats—Spot, 39%,¢, unchanged. Flax—February, 1.35%. unchanged; March, $1.35%, unchanged. WAGON WHEAT

City grain clevators are paying for Mo. 2 red, 87c; other grades on their merits. Cash corn new No. 2 vellow, 50c¢. ats

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails. Utils. 61.1 92.3 63.9 93.9 70.1 93.5 100.1 105.4 920'8 105.2 101.2 106.0 69.3 92.3 100.4 106.2 84.7 1035 86.0 103.6 93.1 3. 1.0 89.3 83.0 Standard Statistics Co.)

(U. P.).—Bonds Net,

60 Bonds m8 79.9 81.3 100.1 96.3 100.7 81.1 100.2 93.3

Yesterday Week ago Month ago .... 80.4 Year ago . 948 Two years ago. 92.8 1937 95.0 193% 80.1 1936 24.8 1936 1935 1935 low (Copyright, 1938,

NE YORK, Jan. 28 opened irregular, Argentine 412s B & O 4s Canade 3s Can Pac 4s Fairkanks Morse 4s N Y Cent 5s_. i N Y Cent St L 4'2s Okla Gss & El 4 Phil Balt &

Vir R R 3%s

INVESTING CO.’s

(By the New York Stock Security Dealers’ Association.) Ask

ps.: 4.75

Bid Ask B Ad F 2d 11.13 11.84! Invest, a 5 14.75 9.61

Aff Fund 3.77 4.15 Banc Am H Cp 18.75 20.25] 1t f Bf 2 Inv Am Ge Eq .60 Bk NIC 2.25 Bas Ind 3.00 B F Inc 14,53 Broad St 21,51 Bull Pd 12.25

Cum Tr. DEP, TA 2.17

Divers C 3.30

. BOD IDIRNRD EIA WDD IRD TA EI ee OO Ie BID PI 403 0) EO U3 =I RI IAIN Cc ONBRNWAWODN ¢

‘83! "on

vr» P00 S180

3.92 pi 27.98 30.09iSov_Inv .83 35 4.74!Sp Trask 13.98 |Std_ Util 43 .11:8t St. Iny 75.50 81Sup Cp A 2.89 1.200." 8 3.01 1.20| 80

Gen I

B Gen £3 Group Agri

” D 2 2 a1 " 1.24{Supervised 1,10/Tr St C 2.1 - fort 2.09 Yes " Qil B 5.65 SY r A Bk B60 .67 nd 84 92 _. JUSELP A 11.87 12.35 1.14. /]USELY B 1,65 1,75 Bk Grp 1. 1.23|USELP. vig 18 86 Ins Grp 1.22 1.35Well Pd 12.27 13.52

DAILY PRICE INDEX NEW YORK, Jan. 28 (U. P).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (19301932 average 100): Westerday -.. uv: viveveedvers 11489 Week BEO ...vesveivsiveseses 116.03 Month BLO “v.vveivvivevesves 115.02 Year Setatettineeeew 41.4 1937-8 high, April 5 sesssanen 158.26 1937-8 low, Jan. 3 sess ens 114.69

Toh Hur Cp .30 je Inv 15.71 Tasi, Securities k Gr

-1.66 | Radi

NEW YORK STOCKS

6% +

Radio-K-Or ... Rem-Rand .... Republic Stl .. Reyn Met _.... Reyn Tob B Richfield Oil Roan Antel Ruberoid

oe +

.R pe 3eabd Air L ... ears Roebuck. . ervel Inc haron S H ... 16 haron § H hattuek.. ,..... Shell Un Oil ... immons ocony Vacuum o Am Gold ... otith Pae .....

Swift & Co

Tenn Corp

Transamerica . Tr=ont ....... 20th Cent-Fox .

Union B&P

Vanadium . Vick Chem .... Va-Caro Ch ...

Walworth ...... Wayne Pump .. West Union.... West Air Bke.. Westing El .... Wheel Steel ....

Wilson pf OE. 51 Woolworth .... 4 38% Woodward Ir C 14%

Yellow. Tr .u...Young S & W.. Young Sheet....

13% 36%

13 15% 35%,

Net Last Change

1, Ya Ya Vs 1s %

In Ys Ya "Ya Ys

TICKETS ON SALE FOR EDITORS’ BANQUET

Democratic Fete Feb. 19 Welcome McNutt.

Tickets for the Indiana Democratic Editorial Association banquet to be held Feb. 19 at the Claypool Hotel were placed on sale today at

the Democratic headquarters at hotel,

the

The banquet is being given as a

homecoming celebration for

exX-

Governor Paul V. McNutt, who is to arrive in Indianapolis Feb. 8 from

Manila.

Mr. McNutt has been sta-

tioned there since his appointment as High Commissioner of the Philip-

pines.

Jack Dolan, Democratic Association president, said that the hanquet is to be limited to.2300 reservations.

Democratic political

leaders who

have been invited include Senators Frederick VanNuys and Sherman Minton: Wayne Coy, Mr. McNutt's administrative assistant, and Arthur H. Greenwood, Seventh Congres-

sional District Representative.

LA GUARDIA OFFERS

PLAN TO END SLUMS

NEW YOK, Jan. 28 (U, P.).—The Board of Estimate studied today a proposal of Mayor F. H. La Guardia

to wipe out 17 square miles of New York City slums and replace them

with model, low-cost homes 500,000 families.

for

Mr. La Guardia said that a number of families were unable to pay

$30 a month rent and that

“tg

great percentage could afford only

$20 a month.”

The Mayor proposed that the Board authorize an initial appropriation of $500,000 to guarantee interest at 3 per cent on Housing Authority bonds. A $16,000,000 housing fund then could be set up from the proceeds of the bonds, he said, to be available “during the present year.”

CLATMANT FALLS DEAD

BOSTON, Jan, 28 (U. P.).—While telling the State Industrial Accident Board that a strain while working for a construction company caused his heart disease, Abraham Nidich, 50, of Cambridge was striken with

a heart attac ktoday. He died

20 minutes.

ir,

OFFICE HELP OF ROOSEVELT AID

Dismisses West's Secretary, Transfers Others of His Staff.

By GEORGE SANFORD HOLMES Times Special Writer

WASHINGTON, Jan. 28.—A sudden and unprecedented “house cleaning” by Secretary of the Interior Ickes, capping a climax to his long-smoldering feud with the Undersecretary of the Interior, Charles West, was reveaied today. In a surprise “economy” move, Secretary Ickes personally and without notice to Mr. West reduced the latter's office force late yesterday to one employee, by summarily dismissing his administrative assistant and transferring three other workers to another office, effective at once. Only the receptionist in Mr, West's office was left undisturbed, it was understood, by the Secretary’s sudden raid. Mr, West, a former Ohio Congressman, has for several years been President Roosevelt's principal “contact man” on Capitol Hill James A. Roher, Mount Vernon, O., administrative assistant to Mr. West, was personally discharged by Mr. Ickes. According to Mr, Roher, the Secretary called him in and questioned him about the volume of business passing through Mr. West's office, expressing the opinion that it did not justify retaining all Mr. West’s employees.

Others Transferred

Mr. Roher said Mr. Ickes then told him his services were dispensed with at once and that he was to clean out his desk, remove his personal belongings and not return to the office. Mr. Ickes said he could have his accumulated leave, amounting to 40 days. Written orders were then sent by Mr. Ickes it is reported, Yo the following, transferring them to the General Land Office effective today: Miss Charlotte A. Martin, confidential secretary to Mr. West and a Civil Service worker of 20 years’ standing; Miss Verna McGugin, stenographer, also under Civil Service, and Wiley Porter, Negro messenger. These orders left Mr. West only one employee, Mrs. Mary Wilson Hodgson, his receptionist, who was for years secretary to the late Speaker Byrns. Mr. West was not consulted about the discharge or the transfers and learned of them only when notified by Mr. Roher. He declined to comment.

WOMEN HIGHEST IN JURY SERVICE TESTS

School Home Work Help Is Credited for Score.

BUFFALO, N. Y., Jan, 28 (U. P)). Women are outdoing the men when it comes to passing oral examinations to qualify for jury servjoe in Erie County, according to G.

Stuart Berrill, deputy county commissioner of jurors. The reason, he says, is that majority of women jurors are mothers who assist their children with school work, thereby keeping abreast of affairs better than the fathers. Basing his conclusions upon the examinations of more than 7700 women for jury service, Berrill observed: SFewer women were disqualified for lack of knowledge of court terms than men.” Women are more honest than men in admitting they don’t know the answer to a question. Men try to guess at the answer; women Just say they don’t know. Defining “perjury” is difficult for many women. They just can’t seem to grasp that perjury is making a false statement under oath.

rR i BABY SWALLOWS TOY DOG ST. LOUIS, ‘Jan, 28 (U. P.).— While playing in the kitchen of her hore, 5-year-old Betty Ann Sang stumbled, then gulped. At city hospital doctors removed a toy dog, about half an inch long, from her esophagus,

alien fiduciaries, nonresident foreign corporations) required year (calendar year

form need not be filled in.

or trust instrument,

taxing authorities,

sion. returns by the public.

duplicate of the return except

also include any schedules and s return except (1) Schedule C-1

YOUR INCOME TAX

NO. 7 DUPLICATE RETURNS

ent alien ‘individuals, nontesident foreign partnerships, and nonresident file an income return for a taxable 1937 or a fiscal year ending the last day of any month in 1937 other than December) or for any taxable period in 1937, must file with the return a copy thereof on the duplicate form (green paper), which will be provided for that purpose, or a photostatic or photographic copy of the original return of no larger dimensions than the original return. Such copy must be a complete that the affidavits on the duplicate | The copy on the duplicate form must tatements attached to the original (information to be furnished by corporations as to compensation of officers and employees in excess of $15,000, (2) in the case of a fiduciary return the copy of the will (3) in the case of a return made by an agent 035 or Form 936, and (4) in the

Every person (except nonresid

the power of attorney on Form case of an insurance company the copy made to the State Insurance Depa Any person who fails to file shall be assessed $5 in the case of an individual or $10 in the case of a fiduciary, partnership, or corporation return, and the collector with whom the return is filed shall prepare such copy. In accordance with the statute above mentioned, within a reasonable time after the returns are filed, the copies thereof will be made available for inspection in the office of the Collector of Internal Revenue in which the returns are filed, by any official, body, or commission lawfully charged with the administration of any state tax law, if the inspection is for the purpose of such administration or for the purpose of obtaining information to be furnished to local The law provides that the inspection shall be permitted only upon written request of the Governor of such state, designating the representative of such official, body, or etommission to make the inspection on behalf The statute does not auth

Inspection of returns is governed 55, which provides, in effect, that income returtis made under the Revenue Act of 1936 shall be open to public inspection ‘only to the extent expressly provided by law approved ‘by the President, and provisions of preceding revenue acts. Under existi regulations approved by the President, income returns are not open to inspection by the general public.

of such official, body, or commisorize inspection of the duplicate

of the annual statement. rtment. such copy at the time required

by subdivision (a) of Section

or as authorized in regulations this provision is similar to the law and the

The Rbsalins, local tap and hovelty dancers, are to appear in the floor show of the President's Birthday Ball at the Murat Temple Sate

urday night.

They also are scheduled to participate in several of the other Birthday Balls throughout the city

on the same evening. They

are (left to right): Rosalyn Ludwig, Sylvia Bolint, Janet Conard, Betty

Teeter and Frances Morris.

‘Red Tape’ Comes to End and Useless Papers Are Destroyed

WASHINGTON, Jan, 28 (U, P)—Congress today gave the Government permission to destroy the 1933 bathing directions of the Hot Springs

National Park, some old applications for horse hire at papers. thorized to proceed under the watche

and several thousand other useless

The annual file-cleaning was au Joint Committee on Disposition of Executive Papers,

ful eye of the

Billings, Mont,

This

Committee once was known as the Committe on Disposing of Useless

papers, but the name was changed to conform »

Congress. Besides, people made fun of it. You might think that the Government departments could find a wastepaper basket and quietly toss away all papers dated prior to 1897, but of course you've forgotten about red tape. Before a useless paper can be “destroyed or otherwise effectively disposed of,” a report must be made to R. D. W. Connor, U. 8. archivist, listing each kind of document involved, together with a sample. This, presumably, is to prevent some thoughtless clerk from tearing up the Constitution or the Declaration of Independence. The reports are examined by eight special examiners on Mr. Connor's staff. Then it must be approved by the Archives Council, comprising several of President, Roosevelt's Cabinet members. Finally it is ready for presentation to the Joint Committee, and if Congress gives the okay then—and not until then—can the papers be thrown away. The Joint Committee comprises four members, two from the House and two from the Senate, but (this is supposed to be a secret) the clerk does all the work. She is Miss Abbie B. Golden, daughter of the chairman, Rep. Charles J. Golden ¢D. Cal).

CULBERTSONS PLAN T0 BE NEIGHBORLY

Divorced Couple to Publish Bridge Book in Month.

NEW YORK, Jan. 28 (U. P).— Mrs. Josephine Murphy Culbertson sped eastward by train today to establish her home here again, next door to that of Ely Culbertson, the contract bridge authority, whom she divorced in Reno on the grounds of mental cruelty. Her case set a precedent for amity in divorce courts. She said that she and Mr. Culbertson will continue as bridge partners, neighbors and collaborators on a bridge book which is due to go to press next month, but that they were not fit emotionally to live together as man and wife. Mr. Culbertson, who sent his wife flowers frequently while she was establishing her Nevada residence, did not oppose the suit. They had agreed, before Mrs. Culbertson went to Reno, to share their $200,000 annual income from Bridge Enterprises equally, that she was to have custody of the children, Joyce, 10, and Bruce, 9, and that he was to visit them whenever he pleased.

OCEAN LINER ENDS 68 YEARS’ SERVICE

HALIFAX, N. 8, Jan, 28 (U. P)). —The Tyrian, once a proud transAtlantic passenger liner, has gone to the graveyard of ancient vessels after 68 years of distinguished service. The old ship, for 20 years a Cunadian Government cable boat, presented a dismal picture with her engines dismantled and her bridgework gone, as two tugs pulled the 1038-ton vessel on her way to Pictou, N. 8., where she will be broken up.

ONIONS AND GARLIC

HELD HEALTH FOODS

ALBANY, N.Y, Jan. 28 (U, P.).— Dr. Daniel V. O'Leary, Albany health commissioner, contends that onions and garlic are useful in combating infectious diseases because of their immunity to bacterial attack. “Yet, sir, weeping over onions may soon be changed to cheering for the onion and garlic,” he said. ‘“The very chemicals ih onions and garlic which bring tears to the cook's eves as she prepares the vegetables, are how found to have germ killing powers.” 'CHATR PROVES UNSAFE BOONVILLE, Jah. 28 (U.P)= Ah ordinary chair is usually a pretty safe place, but when Mrs. Jess Jackson dropped her scissors w cutting rags for a ‘rug she leaned 4h the arth of the chair and broke

with the dignity of

TOWN AWARDED $3020 IN ACTION

Nickel Plate Ordered to Pay Walkerton for Failure to Guard Crossings.

LA PORTE, Jan. 28 (U. P).Judge Wirt Worden today had awarded Walkerton, Ind, $3020 damages against the Nickel Plate Railroad for its failure to install

flasher warning lights at the point where State Road 23 crosses the

railroad.

Damages were not allowed because of the railroad’s failure to erect signals at three other crossings, the Court ruling that in each instance damages would be excessive because the streets are dead-end highways. In fixing the amount to be paid the town, Judge Worten allowed $10 per day from the date the town ordered signals installed to the date when suit was filed, Feb. 15 to Dec, 14, 1931.

3 AIRLINES OFFER WIVES FREE PASSAGE

NEW YORK, Jan. 28 (U, P). = Three transcontinental air lines hoped today to handle the biggest February passenger volume in their history. They will permit wives who accompany their husbands to ride as non-paying guests. The airlines — Transcontinental and Western, American and United —offered the free rides to wives for the one month to overcome the fears of women not “air-minded.” T, W. A. will carry women who accompany their husbands out of every city on its cross-continent system, American offered the guest privilege on the New York-Chicago route, including trips between all intermediate points on that run. United confined its offer to direct flights between New York and Chicago, not making it applicable

| to intermediate points.

‘PENSION HINGES ON

VOIDING OF MARRIAGE

PUEBLO, Colo, Jan, 28 (U. P.).— Mrs. ‘Cecilia Stone must obtain an annulment of her marriage from Charles Sakrison here on May 24, 1914, before she can become eligible for an old age pension. She filed suit in County Court, asserting that she and Sakrison lived together only five days and that she married him because of threats he made after her former husband, Frank Stone died. By her marriage to Stone, a U. 8. citizen, she became a citizen of this country under the old naturalization laws, but by her marriage to Sakrison, an alien, she lost her citi zenship.

DYNAMITE PLACES POLES IN SAND

HATTERAS, N. C., Jan. 28 (U. P). —TIngenuity is bringing modernity to the lonely Outer Banks of North Carolina where a coastal national park is planned, Builders of a cooperative power line from Hatteras to Avon were puzzled as to how to get poles set up. A hole cannot be dug in the loose sand. So the engineers drive a hollow pipe into the soft sand and send down a shall charge of dynamite, After the fuse is fixed and the pipe removed, the pole is set upright on the ground over the dynamite and held there by grappling hooks. The charge is set off, splitting the sand, and the pole drops into place before the sand can fall back into the hole,

NEEDS W SAFE DEPOSIT BOX/