Indianapolis Times, Indianapolis, Marion County, 7 February 1938 — Page 12

PAGE 12

LISTLESS TRADING MARKS NEW YORK |. 777%

THE INDIANAPOLIS TIMES

DISPLAY HOMES T0 BE ERECTED UNDER NEW LAW

3000 Demonstration Houses To Be Built Over Whole Nation.

My MAX STERN Times Special Writer WASHINGTON, Feb. 7.—The private construction industry this week will swing its resources behind the Government’s ambitious rehousing plans in an effort to convince the small-income American that he can build and own his own home. Led by the National Lumber Manufacturers Association, some 35 leading industrial groups of the build-ing-material, home-equipment, furnishing and utility interests will be-Nash-Kelv .... 9% 2 xr} 5%... gin a drive looking to the building Nat Biscuit... 18° 23m Mo : | of thousands of small homes for ceiseh : a use n oh 15 Nat Distillers. . demonstration purposes. They will Nat Gypsum work through an industry alliance

£ WHEAT PIT PRICES nD GAIN TO HALF CENT

This group hopes to see 500 demonstration homes erected by local ‘Lack of Buying Forces Corn Down; Oats Stationary.

NEW YORK STOCKS

By United Press

Net High Low Last Change % 7s T% von 1% 1's y

Hudson Motor . Hupp Motor. ..

as Allied Kid .... 8 Allied Stores Am Car & rs: Chain & ©. Chicle ... 98Y & P Pwr .. Jee... ice Am P & Le

Develop Mixed Trend | Steady Values

After Initial Fadiness. Established in Wa City Hog Mart NEW YORK, Feb. v (1.

i i 4 . . | P.) .—Stocks rallied fractions | Moderate receipts, higher fresh) 3 to more than a point from in- | ox prices and upturns at most | itial easiness today and de- |other livestock centers assisted veloped a mixed trend in dull | sellers in holding local hog values turnover. jon a generally steady basis, accordWhile all sections were above in- |ing to the Bureau of Agricultural |

jtial levels, steels, motors, rails and | Fconomics, The comparison is with utilities showed small losses. Deal- | Saturday, all weights of barrows and a

jngs were limited pending outcome | gies above 160 pounds showing 10 Calumet & of negotiations between the S. W.|cents under Friday, with lighter | Capit Adm oO. C. and U. S. Steel, and Supremc | weights unchanged. Today's top of c JI Court action on the Electric Bond 30.25 continued to go to best 160 to & Share case regarding constitution- | 180-pound butchers. ality of the Holding Company Act | Packing sows were likewise unof 1935. | changed, good sOWS bulking from U. S. Steel opened at 513% and $6.75 to $7.25, with the best lightcame back to 52%, off 'e net. Mo- | weights topping at $7.50, while a few {ars recovered about half of initial | rough heavies were down to $6.59. Josses which ranged to 1's: points in| Meager supplies of fat cattle, both General Motors, while rails were | locally and around the circuit, drew down fractionally. Utilities were {more money from killers for all soft. American Telephone met pet- | classes. This should not be conter support, holding around 133%, strued as an upswing from the reup 4, after selling at 13214. Cop-|cent trend. but was more or less or pers, aircraft shares, farm issues, |@& forced affair. Trade was retarded | Cons Coal vite.. gold mining stocks and building early by higher asking prices, but | Sons SoR! Bf shares improved. action developed around midsession | Con gu and an early clearance was effected Cont on) Del «38 with all classes except bulls strong XI SA KENNEDY RUMORED to 25 cents above late last week. A few head of bulls sold unFOR EXCHANGE POST changed. Steers and heifers com- | few loads plain, the bulk steers makling $6.25 to $7.25 and oS: Tellers : : 185.75 to $7. Beef cows ran from Selection Pends Adoption of $450 to $8 25, with nothing good od | available. Cutter grades made By-Law Amendment. $4.50, fewer below $4 than last week. _ | Quality considered, fat lambs sold ambassador. | cyjjy 95 cents higher, With the bulk from $7.50 to $7.85, latter price top for four doubles choice fed westerns. {Fail clipped lambs went at $7.15. | Slaughter ewes were steady.

Ill Central .... ) y ind Rayon .... 19% 195% “aan 11%

Lhe t

LEEIE F SEF BF

HEH

Int T&T

Otis Elev 20 Owens Ill Glass 55

I #

Johns-Man

we I 34% . 15%

: 1

e & a &F

345 18%

12% 17%

74 24

- »

Atlas ek. uo Auburn Auto ..

+H LIF TELEL LE + EF

"EE OER EEE ++ #5

3ald Loco ct wi & Ohio... & O of

Pi I

Loe

i: |

shah Rade WEN ’ i "aa 0 “hen orden i. 18 ard Hi Republle Su wl t 88... 3 ¥ 83 LY xs ’ ’ . TR Ja Brie.» 134 y 6 Reyn Tob B ...

+11E:::

I+:

Butte

-¥

A... 8

EAMES

Times-Acme Photo. Mr. and Mrs. Jacob Hicks, Cincinnati, parents of Heber L. Hicks, who was to have been executed in the Indiana State Prison at Michigan City Friday for the murder of Harry Miller, Cincinnati fire captain, were elated by a news dispatch telling of the granting of a stay to™ their son until May 6. The Indiana Supreme to perfect appeal to the U.

Seeks Post

dealers’ groups this year in cities and towns all over the nation. The +| homes will cost from $1500 to $5000 averaging around $3000. They will be attractive in design and up-to-date in equipment. Work will begin this week in the South, and by April 15 will be in full swing all over the country. The lumber groups built 3000 such demonstration homes in 1200 communities last year.

New Terms to Be Used

The demonstration homes will be sold to buyers under the liberalized financing features of the new National Housing Act, which permits a down-payment of as little as 10 per cent with the balance spread over 25 years at 5% per cent interest. Thus a $1200-a-year man can easily finance a $4000 home at paymets of less than rent, plus $400 cash. The moving spirit behind this mobilization of the construction industry is Dr. Wilson Compton, National Lumber Manufacturers AssOciation secretary-manager. He is a lawyer, economist and writer. “We are naturally elated over passage of the liberalized housing act,” said Dr. Compton. “This measure will greatly stimulate the movement for the building of small homes all over the United States. Our demonstration aims to encourage the erection of comfortable, well-built modern housing that may be bought and paid for in the South at $12 a month; on the Pacific Coast at $15 and in the North at $18 to $20.” The National Small Homes Demonstration supplies local dealers and

SR RE

i+ 11:

SER

Com Inv Com Solvents Commonw & Cong Naim .... Cong Cigar . Cons Aircraft .. Cons Edison Cons Edison pf Laundries

Court granted the stay to enable attorneys S. Supreme Court.

STEEL WAGE PARLEY OPENS IN NEW YORK

Rumor of Secret Accord Is Are Unconfirmed.

Texas Corp .... Tex Gulf Prod Tex Pac LL T .. 10 Tide W A Oil . Timk-D Ax ... Transamerica . Tri-Cont ....

HH:

i CHICAGO, Feb. 7 (U. P.).—Wheat prices on the Chicago Board of Trade followed action in the Winnipeg market, where the trend was United 7 | tO higher levels. Hoffman 5% At the end of the first hour wheat ¢. 55 was % to 13 cent higher, corn was 8 Steel cen Sia % to % cent lower and oats were sa se

5 unchanged. kk Local buying, encouraged by an |Wiiiorh iil. We Mi early gain of almost a cent in Win- Narnet, BIO x h 6 nipeg, turned prices upward in Chi- esting tees S04 cago. On a reaction in the Do- eY— minion market, however, early gains | yenow Tr 12% were quickly pared by profit-tak=- | Young Sheet .. 3 ing on the Board of Trade. Broomhall pointed out today that although the Australian wheat crop has been excellent, the gain “down under” was not enough to make up for the drop of 57,000,000 bushels in the Argentine and 43,000,000 in Canada. Wheat receipts were 41 cars. Corn prices continued weak on Jack of buying. Traders appeared content to remain indefinitely on the sidelines. Corn receipts were 153 cars,

Cons Cons Oil Con RR Cuba pf Con Textile

tHE:

« 40 a . 21% « Ih 27% 55

68 51%

I+: 100:

Vanadium «eee 171%

Cutler Ham . NEW YORK, Feb. 7 (U. P.) =

Steel Workers Organizing Commite tee leaders and the United States Steel Corp. officials sat down together in a hotel room today to try to work out a renewal of their collective bargaining agreement which expires on Feb. 28. Union leaders, headed by Phillip Murray, S. W. O. C. chairman, and a right-hand man of C. I. O. Chairman John L. Lewis, entered the Conference after a preliminary meeting in which they selected a subcommittee to conduct the negotiations.

Neither Mr. Murray nor representatives of “Big Steel” would comment on reports that an agreement already had been reached in secret conferences in Pittsburgh and that today's session was called Rerely for the purpose of ratifica= tion.

———————————

22 90% 41%

Del & Hud .... Dist Seal

2 oolworth «..

12% 332

East Kodak sv i) 3 15312 Zonite 3%

153 17 3%

prised the major end of the run, grading medium and good with a Vealers held unchanged at $11.50 to fg 17% NEW YORK, Feb. 7 \U. P)~— $12 for good and choice selections. 3 Joseph P. Kennedy, designate to Great Britain, man being mentioned most otten | to head the New York Stock Exchange when proposed amendments to its constitution have been adopted providing for a paid president. | He is considered qualified by ex- | perience, having been one of the largest pool operators in the bull market period. Another favorable | point is his acceptability to the White House. Before his present | . appointment, he was Securities and a : : : % | Barrows Exchange Commission chief and | 40later Maritime Commission chair- | »

Injured Pastor UsesAmplifier To Reach Flock

AKRON, Ind, Feb. 7—The Rev. J. F. Stevenson is confined to his home with a broken leg, but that doesn’t stop him from taking part in evangelistic services at the Methodist Church, where he is pastor. contractors with eight basic designs,

The minister, with the aid of par- and 32 adaptations, all approved by ishioners, had a telephone placed on | the FHA. the pulpit of the church and now

using his radio as an amplifier, he | STATE BANK OFFICIAL

gi speaks to his congregation from his,

Elk-H Coal “ a El Paso Nat Gas 17%

—a 293% . 28

a 17%

273% 25% wn Ge 18%: 18% n . 32 32 Gen vay od 1 Ge va 32% 325%

Gen Ge

o ©

Edwin Haerle, 5745 N. Pennsylvania St, attorney, today announced his candidacy for the Republican nomination for Marion County Prosecutor. He has offices at 905 Inland Building. In announcing his candidacy, he pledged himself to strict economy and a “thorough investigation of graft and corruption in the administration of relief in the state and local agencies.” He is 31,

or ® woo]

paes3s $38

LIVERPOOL WHEAT

Goodyear (Today's U. E. equivalents based on sterling at $5.00%2.)

Greyhound Cp .

Prev.

Haves Bdy .... 2 2 .“ AE AE Hecker P “ 2 2 hb over. (BIRY 1.13% 1.132 1.13%: Houd-Her A v " ih | eta 11300 100% 13 Househd F of. . 84 84 ————" Houston Oil ; 67%

d choice. .$ 2 choice. . 113% choice. .

choice. .

wos 3B BS GANA

WAGON WHEAT City grain Sjevators are paying for No. 0

FOREIGN EXCHANGE Gath corn. other grades on tho. Oats,

NEW YORK, Feb. 7 (U. P.).—Foreign

y Good ) Good choice. . )) Good choice. . ) Good choice. «

PLISBD 2

2230333

882853:

wo So

Packin

+9 on

(275-350

gy 333

Soot ood and choice. . Medium ........+

«am

CATTLE Receipts, 1000

PB BARIIIRBBBI oS 33238333U%33

Heifers

NS 333

Good (550-900)

ABB gid

AO 223% 8333

Common Low cutter and cutter Balls Yearlings excluded (all weights) Good (beef

(All weights) Medium Cutter and common

23 5933

sess Rasenee

Others suggested for the Stock 1350 Carolina; Brig. Gen. Frank Hines, Roebuck & Co. Dr. Robert G.| (100-140) former chairman of the National | Steers (1100-1300) D. Young, General Electric Co. A300 (900-1100) Good chairman. Medium | Ganson Purcell, director of the | sion, today approved a circular pubSEC rules on short selling. (All weigh change. | The Exchange memorandum denot own; or 2. Any sale which is He M count of the seller.” 001050) holes crvsssturee —————— y Good .

man. Exchange post are: O. Max Gard- | ner, former Governor of North Veterans Bureau director; General | aa Robert BE. Wood, head of Sears, |gauenter P Hutchins, director of many corpo- | rations: General Hugh S. Johnson, | Recovery Administration; Postmas- | iron) ter General James A. Farley, Owen on | (750-900) Good chairman, and Jesse H. Jones, Re- | 1993-1300) construction Finance Corporation | 500) Good go | o 3 Common | Steers Heifers— EXCHANGE DIRECTOR | © ® g —— | WASHINGTON, Feb. 7 (U. P).— | trading and exchange division of the Securities and Exchange Commislished by the New York Stock Exchange specifying and interpreting Purcell’s approvement was trans-| : mitted to Dean K. Worcester, ex- | (All weights) S holce ecutive vice president of the EX-| (All weights) Medium | Cull and medium . fined “short sales” as: “1. Any sale a of a security which the seller does consummated by the delivery of a Feeder HT CATE Catt security borrowed by or for the ac5( \ 200: 108¢ LOCAL ISSUES 1500-105

threes Rsene

)) Good

eifers— (By Indianapolis Bond & Share Cord.) He ot) The following quotations do not represent actual bias or offerings. but merely indicate the approximate xarket level based on buying and selling inquiries or | recent transactions. BONDS

Citz Ind Tel (TH) 4s 61 . H Tel & Tel Ft WwW 5lzs 55 .. H Tel & Tel Ft W W 6s 43 . Ind Asso Tel 4l2s 65 1 Ind Tel Co 5s 6Q@ . _....>-'» Ind Railway Inc 5s 67 ..... -* te Tel & Tel 5s 63 . water Co 3'aS 66 + 100

va FRBRII Sa

Good and choice. . Common and medium ......

SHEEP AND LAMBS ~Receints, 4000

Asked 104 108

BG d and cohice Common and medium

(oRIOA0, TO, tua Ciah . 16,000, imcludini ket mostly 15 to R i re early on 220 $8 75@9: comparable. Ohio Tel Se 8.65; packing sows, 10 to 135 © Rich i aw w 5s 57 Raymour Water Co 5s 49 00 1 or T BH Trac & L 58 44 CAAA. : T H Water Works 5s 56 .. H Water Works 6s 49

tter. Cattle—Receipts, 10.000; calves, instances 15 to

18 : $9 R R St Yds com .....» : s: lv $6.75@8 market:

Yds pfd coon § 7% p! “was 3 % pid ... &

Belt

ulls strong: vealers bulls, 5.50 down

irly

0 choice lambs sol

to c earl strictly choice kinds

hel % oes 83 A rm on ng SD 1 in -2285 ; bulk sows, $6.

Catt! ceipts, 1100: ! Ste: iv to 25 cents higher, lot

i to COWS, @ and cutters, jargely top sausage bulls, $6. : ti $11. " 0. 0! er early, genera Market St Investment Corp.. 21.62 23.23 Supp ood: le ood native xEx-Dividend. ooo Tether Jalnbs. $7.29609.50: medium grades. $5@7: hi ect tO Jas! discount:

LOCAL PRODUCE eves, 820

ed hens, 412 lbs. and up. 18c¢: arieavy Breve. 14c: Leghorn hens, lic: heavy Springers. 1'2 lbs. and over, 18¢: Leghorn Springers, 11% Ibs. and over, 15¢;

0. Ww hy fresh country run eRRS, 13¢: h II case must Wwe h 8&5 Ibs. gross. A net deduction of 15 cents for eacl. full under Jb5 will be Rede, Butter— °, RI @3se: No 2, Re a 3 Is : : 4 B3¢ hese prices quoted by the Wadley Co.)

20 1bs. - U.S. STATEMENT 5 io Fa a Tectlpiy for one lambs, $7.50.

WASHINGTON. ernment expenses

£3 2333

3333333

A 9333

53 3

333% #3 H33:3.93 83 838%

P.) —-Hogs—Redirects. Mar= 25 cents higher: spots pound weights up; bulk good and Shoice 150-240 ibs

good, medium and heavyweights, [email protected]:; few light weights on butcher orders, $7.40

1500. Fed steers and Jeerlings steady to strona, t orks 8 RSH Re SII rac Term Co OS s rder-buver Trac 1¢ a rket not very active; largely Ron 90, on prime light vear-she-stock 5 cents higher; cows mostly 10

$000. including 500 di-

d: asking prices unevenly higher; aroun

d above: yearlings. $6.75! indicafeeding lambs. ie

1bs., $8.10: 100-

10 . (U, P.).—Hogs—ReCo com oe ES a 330 direct OR Tostly Rk packing

350. HAE Jn eli Ee 0; vealers Steady: Receipts, 150, i telp s, 150, none d Bet it

vy lambs most slaughter

exchange irregularly lower: Cable Rates England (pound) $5.01 5-16 Eng. (60-d. b. r.). 5.01 9-16 4.00 1-16 Canada (dollar).. 1.00 3-64 4.00 1-64 France (franc)... .0328% <+.00003s Italy lire) ‘ae 2612 ‘" Belgium (belga) . «000024 Germany (mark). - 00012 Germany (travel 2500 «0015

mark) .. 23! Switzerl'd (france) 2321 Holland (guiider) .3320 Sweden (krona).. .2583'% Norway tkrone) . .2518 (krone) .2237 Austrailia db.) 401s .1895 03512

oes So

-3 oun Oo

Net Change 4.00 RY

B® Tadd BHO

1695 .4038'%

Austria (chilling) Czechoslovakia (koruna) . . Finland (markka) Greece (drachma) Jugoslavia (dinar) New Zealand lb.)

4 PAIBBHIDODD Z FB3LTRTIABZS3

Poland (zloty) . Portugal (escudo) Rumania (leu) .. Argentina official

Peso) ..... \ Argentina (unofficial peso) .. Brazil (milreis).. Chile (peso) ..... Peru (sol) ....... Uruguay (peso) .. Mexico (silver peso) shan Hongkong (dollar) Shanghai (yuan).

India (rupee) (yen)

ao 853

oro A

«000! Japan «0001

‘CHICAGO PRODUCE

Eges—Market, unsettled. Receipts, 6380 cases. Fresh graded firsts, cars, 18%¢; less than cars, 16c. Extra firsts, ’ Checks,

ad 2323

16%e; less than cars, 16%c. dirties, 14sec; current receipts, Butter—Market, weak. Rece ross Ibs. Extra firsts 1,@20%¢; extras (92 score), 30¢: 20¢c: seconds, 26% @27%e; specials, ne: standards, 30c; centraliz ( ; ce

, ; spring DLoitere ue! erate turkeys, . EK ey ins 155 @16c: daisies, 16%@ i6lbc; longhorns, 16% @16'%¢. Potatoes—sSuppiies, moderate; old stock market, steady: demand, slow: new stock, demand. slow: market weak, : Russet Bucrbanks, $1.32 @1.40%%: MeCl Co [email protected]%%: Triumphs, 92'cc@ Cobblers, [email protected]%;

$1.05. New es, less than carJots. per bushel crates: Florida Bliss Tris p 3 . h 0. 40. riumphs, per bushel crates, @1.85. Arrivals, 112; on track, 220; shipments, 948 Saturday; 35

Sunday.

FOOD PRICES

P.).—Apples— . Vent Po-

“II AAD

£3 e333 ow S33

$1.25@ 1.40. Celery square crates, 60c@s$l. Onions sacks) —Illinois Yellows, $1.25@ 1.835 (sireet sales); Idaho Valencias, $1.45: Colorado Valencias, $1. @1.45; Colorado Yellow, Danvers, $1.47%; Minnesota Yelows, .

ot_California, crates Peas—California, hampers. S288

steady

$7.75@

Exports Up

OUR COTTON EXPORTS {u. S. DEPT. OF COMMERCE)

Light

MILLION BALES

| ington St., tonight. An open forum

N. Y. Bond

Be United Press

NEW YORK. Feb. 7 (U. P.).~Bonds opened steady. Net

Curb Stocks

NEW YORK, Feb. 7 (U.P). Curb stocks opened easier. Net Open Change CiLssasesesiesss 24 -— 1

Am Cyan B .. m & E . Cities Serv . Cons Cop Mns ...

El Laseenae Nat Fuel Gas ... Niag HP _ ...eue Pantepec Oil . Tubize Chat .“ Un G .

PASTOR IS KILLED IN MYSTERY SHOOTING

FREDERICA, St. Simons Island, Ga., Feb. 7 (U. P.) —Police feared today that they might never know who killed the Rev. Charles H. Lee, a benign, white-haired preacher, who was shot while working on his sermon in the peace of his parson-

age. The Rev. Mr. Lee, who was 5, was a member of the Lees of Virginia and, therefore, a kinsman of Robert E. Lee. He was pastor of Listoric Christ Church here, whose first pastor was John Wesley, founder of Methodism. So far as police could determine, the old man had not an enemy in the world. He was killed by a 38caliber pistol bullet fired through a window of his study.

YOUTH’S TRIAL SET IN JAIL SLAYING

ROCHESTER, Feb. 7 (U. P).— Robert Finkenbiner, 23-year-old Wabash youth, will go on trial during the Feb. 28 Fulton Circuit Court session for the slaying of Howard Holcomb, Wabash. Mr. Holcomb was beaten to death in the “bull pen” of the Wabash County jail the night of March 10, 1035. Charles Moore, Wabash, and Finkenbiner, were the only other inmates. Moore is now confined to the criminally insane ward of Michigan City State prison. ———————————————

BOBBITT TO SPEAK

Governmental costs and state politics are to be discussed by Arch N. Btbbitt, Republican state chairman, at a meeting of the Irvington Republican Club, 5446} E. Wash-

is to follow. Ralph Hammill, president, is to have charge,

home.

TOSCANINI HAILED

AT CARNEGIE HALL

NEW YORK, Feb. 7 (U. P).—|

Arthur Toscanini returned to the scene of his earlier triumphs last night and before a Carnegie Hall audience led the NBC symphony orchestra with what one critic called “a sweep and a passion past the telling.” Long before the regular Sunday afternoon concert of the Philharmonic was over, the lines began to form outside the hall where the white-haired conductor had made his American musical “home” The reception given Maestro Toscanini last night was said by observers to have eclipsed the thunderous “farewell” given him in the same hall last year when he resigned from the philharmonic.

WATER AND FIREBU ENTERS 25 HOMES

RUSHVILLE, Feb. 7 (U. P)~— Police today sought advice on how to track down a housebreaker who has been turning on water faucets, building fires in unusual places and fleeing without taking anything. He has éntered at least 25 homes. The home of Wilbur Mahin, rural mail carrier, was damaged to the

extent of between $2000 and $2500 |

by this combination of fire and waterbug.

FINED ON LIQUOR COUNT

The Goshen Aerie No. 1526 of Eagles’ Lodge was fined $100 for selling liquor to persons who were not members of the club, the Alcoholic Beverages Commission announced today.

CARDOZO IS IMPROVING WASHINGTON, Feb. 7 (U. P).— Associate Supreme Court Justice Benjamin N. Cardozo, critically ill for nearly two months from shingles and heart disease, was reported showing an “encouraging improvement” today.

— a ce im—— DEDICATE NEW CHAPEL The Traub Memorial terian Church today had dedicated a new chapel in memory of Mrs. Alta Wolcott Byrne. The chapel was presented to the church by Joseph Byrne, Mrs. Byrne's husband, and their children.

———————————— CONVICTS’ FLIGHT FAILS

FLORENCE, Ariz, Feb. 7 (U. P). —Three convicts tried to escape from the state prison here today but two fell off the walls within the yard and the third was shot as he started to flee across the desert.

PARKER CORR GENERAL DISTRIBU INCORPORATED INVESTORS

Times Special BOSTON, Feb. 7—Partly due to the lower price of cotton, our cotton ts in the calendar year 1937 ob up nearly 61; per cent from 1036 exports. The Japanese

a Sur sca year (hroweh S st Ye . we 3.013 See Final Edition of the Times

for

Closing Stock Quotations and ther Late News |

Government, who was one of our largest purchasers of cotton, has restricted the use of cotton for domestic consumption. Though shipments to Nippon recently have fallen off, this is more than offset by heavier shipments to other countries. The United cotton

No gain or loss is result of the exchange of stock or for stock or securities

plan of reorganization to which

along with such no loss

joss from the sale or other

VvOUR INCOME TAX

No. 15—Losses on Stock Transactions

in another

as a result of the exchange of stock or securities in a corporation solely for stock or securities in the same corporation in connection with a recapitalization. Where money or other property is received

exchanges, gain may result. The statute also Sroutbile the deduction for any

for income-tax purposes as 8 securities in a corporation solely corporation in pursuance of a both corporations are parties or

is recognized, although a taxable

DEAD AT FT. WAYNE

FT. WAYNE, Feb. 7 (U. P)— Funeral services will be held at Osgood tomorrow for Russell C. vater, 46, State Department of Financial Institutions official, who died at his home here a few hours after suffering a heart attack. Mr. Yater was liquidating agent of the Fidelity Loan and Savings Co. and the New Haven State Bank. Survivors include the wife, two daughters, his mother, Mrs. Anna Yater, Osgood; two brothers, Clyde vater, Shelbyville, and Brad Yater, Seymour.

DEATH CALLED SUICIDE

A verdict of suicide was returned today by Deputy Coroner Norman Booher in the death Saturday of Charles Knevitt, 42, of Croswik, N. J., a salesman. Mr. Knevitt was found dying in a room in a downtown hotel Saturday. A bottle con-

married, and 8 native of Indianapolis. He was graduated from Shortridge High School and Indiana University, and has been actively engaged in the practice of law since 1929.

FORM COUNTRY CLUB OF BROWN COUNTY

———

Miss Nellie Young, county school art teacher, has sponsored formation of the “Indianapolis Country Club of Brown County.” Miss Young donated logs to build a twostory clubhouse north of Nashville. The club has filed incorporation papers. Directors include Edward R. Sitzman, Alfred Grindel, Daimen Lyman, Howard W. Gossett, Mrs. Mary E. Kaynette, Miss Kate Andrews Weaver, Frank C. Dailey and Wilbur D. Peat. Officers are T. Van Voorhees, president; Lawrence Drapier, Mrs. Anna Lloyd and Miss May, vice presidents; Olive Clemmer, corre-

taining poison was found in the room.

Deaths—Funerals | Indianapolis Times, Monday, Feb. 1, 1938

BATTS—Lucy U,, entered into rest Saturday, age 69 years, mother of Mrs. Lottie Swinford, Mrs. Lola Fulbri ht, Otis and Mrs. Minnie

11 a. mM. ope Church, Boone County. Friends ma at residence of Mrs. Fulbright.

Ave., until 8 a. m. ue y MOORE FUNERAL PARLO (Lebanon papers please copy.)

EGAN—David 1', of 354 N. Arsenal Ave. beloved husband of Nellie AL E n f Elizabeth, Joseph, J f Jeremia assed away S ednesday PROS,

in charge.

a. m. at 0 IL. HOME. 1639 N. Meridian. Services Holy Cross Church, a. m. Interment yv Cross Cemetery. Frineds invited. Name Society will meet Tuesday eve-

ning, 8 p. m,, at the funeral home.

FOSTER—Bessle, wife of Argus M. Foster, mother of Mrs. Evan Hughes, passed away Saturday morning. Funeral - {ces Tuesday, 10:30 a. m. at the way Boulevard M. E. Church. invited. Burial Floral Park. may call at the NKLE HOME, 1934 W. Michigan St.

JOHNSON—Hatry, L.. husband of Bertha E. brother of Charles Johnson of Bryan, O., and Mrs. Richard Tankersley of Frankfort, Ind. passed & at resi-

Presby-

way dence, 1558 College Ave. sunday evening. Services at_the NNER & BUCHAN MORTUARY, Tuesday. 11 a. Mm. invited. Burial, Greenville, Ind. may call at the mortuary.

Friends

MORAN—Winifred, beloved wife of Dennis, mother of Mrs, Margaret Monaban

C: a. m. St. . lal Holy Cross Cemetery. Ladies Altar Society will meet Tuesday, 8 p. m., at the residence.

nce Tuesday, 10 a. m. rial Rockville, Ind. he residence any time.

CORRECTED NOTICE Elmira, belove daughter of of Ruby Leaman

Carrie Roller, sister f y Kenneth and Richard Roller, passed away Satu a. m. eral esday. 8, 1:30 p.m. at the Woodside M. h urch. Friends invited. {ends may call at residence. 2424 lish Ave. until noon Tuesday and at the church from 12:30 until hour of service. SHIRLEY SERVICE.

SCOTT—Betty Fisk, age 30, widow of Raymond ©. Scott, beloved mother of Alice Claire Scott, sister of Allen an isk. passed away Saturda at SH BROS. HAPEL. 046 N. Illinois St.. Tuesday, . 8 10 a, m. Friends {nvited. Burial Greenlawn Cemetery Frankfort, Ind. Friends may call at chapel any time.

SCROGGINS—Sarah J.. age 83. beloved mother of Charles roggins and Mrs. Daisy O'Brien sed away at residence of daughter, 31 Kenwood Ave., Saturd ning, Funeral Tu ay. § p.m; ; any

Friends |

sponding secretary, and Daimen Lyman, treasurer.

Deaths—Funerals | Indianapolis Times, Monday, Feb. 7, 1938

MARYLAND GIRL ASKS TO ENTER ANNAPOLIS

WASHINGTON, Feb. 7 (U.P). Senator Radcliffe (D. Md.) said today he had received an application

from one of his constituents for an

appointment to the Naval Academy at Annapolis. The application was unusual because it came from a girl. The Senator would not disclose the name of the feminine applicant because, he said, “she was so sincere.” He added that he would have to advise her that this country to date has enlisted no women in the ranks of its naval officers and there is no indication that it soon will,

NEON SIGNS

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

Personals

SOCWELL—Getta M., mother of Louise and William H. Socwell and Gertrude Cooley, passed away Sunday morning. Services at the FLANNER & BUCHANAN MORTUARY Tuesday, 3 bp. m. Friends invited. Burial Crown Hill. Friends may

call at the mortuary.

SPRINKLE—Thomas S., age 46 years, son of David and brother of Mrs, Jack Fidger, Ed and Willlam Sprinkle, passed away Sunday at Toledo, O Funeral Wednesday. eh. ». 10 a.m. at the GEORGE W. USHER FUNERAL HOME, 3614 W. Washinzton St. Friends invited. Burial Floral Park Cemetery. Friends may call at funeral home after 6 p. m. Monday.

In Memoriam : 3

IN LOVING memory of our son and brother. Corey Granpham, who departed from this life one year ago today, Feb. You are not forgotten, Corey, dear, Nor ever shall you . As long as life and memory last, We shall remember thee. ‘THE FAMILY.

Cuneral Directors 5

WALTER T. BLASENGYM FUNERAL HOME

2293 SHELBY ST DR-2670

CONKLE FUNERAL HOME

1934 W MICH. ST BE-1034

Flanner & Buchanan MORTUARY

25 W. Fall Creek Blvd.

/ TA-4400

BERT S. GADD

2430 Prospect St

GRINSTEINERS 522 BE Market St. R1-5374

DR-5307

PERSONAL SERVICE G. H. HERRMANN 1506 8 EAST ST.

HISEY & TITUS

THE FUNERAL HOME 951 N. DELAWARE ST.

L1-3828. AIR CONDITIONED

MOORE & KIRK

CH-1808-1 TA-6056-0 SHIRLEY BROS. CO.

946 N. Illinois St. - Ee ———————————————

J. C. WILSON

1230 Prospect St DR-0322 Times Bconomy Wunt Ads

and Are Easle er ¥ east ts — 7

Announcements

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Business Services

(Alteration Specialists)

ALTERA 'IONS, ladies’ men's garments; clean, repair, reline. Reasonable.

MEYER O. JACOBS 213-214 E. 16th St. TA-6667. (Beauty Shops) a