Indianapolis Times, Indianapolis, Marion County, 1 March 1938 — Page 11
v High as Metals Firm.
NEW YORK, March 1 (U. P.) .—Prices rallied in light trading on the stock exchange today after an irregularly lower opening. Steels led the recovery and other metals were firm. Chemicals resumed their rise under the lead of Union Carbide which rose 2 points to 80. Rails steadied around the previous close. Oils, utilities and motors had small advances. At noon U, S. Steel was at 551%, up 7% point net against an. early od of 54%: Bethlehem 59, up 1; 5412, up 7%; Allis Chalmers 46%, 13%; Santa Fe 3833, up %; , up 1; Consolidated Edison: 21%, up %; Anaconda 33%, up %; 5 ard of New Jersey 53%, up %, [. 8. Rubber 34, up %. . Chemical jumped to a new 110%, up 5%, and several issues moved over a wide area. ational Nickel preferred made bw high at 135%, up 3%. Inter“Department Stores preferred 697%, up 4%. Johns Mansank 41% points to 75.
oday’ s Business
CORPORATION NEWS
can Telephone & Telegraph principal telephone subsi1937 consolidated net income 42.866 equal to $9.76 a share 744 464 or $9.89 in 1936; 1937 come of American Telephone my Co. alone was $179,5, a record, equal to $9.62 a vs. $174,826,414 or $9.36 in
ch-Nut Packing Co. and conaffiliated companies 1937 prevy net profit $2,741,203 equal 6 a common share vs. $2,709,0 in 1936. $733,181 vs. $1,076,201 in 1936. ‘Canadian Pacific Railway Co. January net operating ncome $557,-
£ Molybdenum Co. 1937 coni net profit $7,173,796 equal B5 a share vs. $5,206,111 or in 1936. ond Match Co. 1937 consoliated net income $2,111,959 equal to 1.93 a common share vs. $2,056,031 in 1936. al Finance Corp. first two of fiscal year ended Jan. 31
ngs $75,652 equal t0°8 cents | Steers—
vs. $91,434 or 11 cents year
rnational Railways of Cenperica January net income vs. $127,574 year ago. Wiles Biscuit Co. 1937 cond net income $733,593 equal a common share vs. $1,337,$2.16 in 1936. flin-Rockwell Corp. and suby 1937 net profit $1,900,620 vs. in 1936. his Natural Gas Co. 1937 pme $722,016 equal to 75 common share vs. $550,435
na-Dakota Utilities Co. income $840,330 equal to ‘8s common share vs. $756,52 cents in 1936. Newberry & Co. and sub1937 net income $2,255,454 286 in 1936. "Louis Southwestern Railway net operating loss ~ vs. $121,728 year ago. gp Mfg. Co. and subsidiaries profit $1,457,783 vs. $3,in 1936. ons & Co. and subsidiaries t income $3,314,251 vs. $4,in 1936. geo & Allied Stocks, Inc. Dec. ‘assets $63.16 a share on 52,es vs. $7833 on 49,358
ago. Edison -Co. 1937 net in164,648 equal to 88 cents a
share vs. $1,851,548 or 65 | Gt 936.
Chemical Works 1937 net
3,087 equal to $1:01 a share | Ewes—
10,379 or $1.16 in 1936. co Chlorine Products Corp. net profit $784,743, equal to
common share, vs. $626,009:
year ago. Products Corp. 1937 Connet profit $142,365, equal
a share, vs. $93,307 or 12 ¢
Peabody regular $1.75 on pretered payable ‘gecord March 21.
} Corp., 25 cents payable | M
March 15, vs. like
8s & Bro. Co, 75 cents, h 28 record March 15. s & Co. 40 cents, payrecord March 19, vs
March P.).—Govpis for \ie curth 26, compared
Brass Co. 1937 net 28.
1. FT. Market, 10@20c_ higher; 1
Porker Prices Regain $9.50 Trading Level
Hog prices worked back to a $9.50 | Borde a
top today in a 10 to 30-cent higher trade on weights scaling above 160 pounds, according to the Bureau of Agriclutural Economics. Top of $9.50 continued on best 160-200-1 pound butchers. Shippers paid the full advance for offerings over 150 pounds, holding weights from 160 pounds down fully | &; steady. Packing sows sold strong
to 15 cents higher to bulk at $7.25@ | Eo}
8, with relatively few having to. sell under $7.50. Slaughter steers and heifers, ET
NEW YORK S
Net Last Change }~ .-«
Anac Anacond Hock Gls 17% rch-D-M A
fe —B— . 4
3ald Loco ct wi 1 3alt & Ohio :. 9% Barnsdall
Atchiso on Atl Refining . Aviation Corp. .
FLL: |
DI DH
Bore -Waljer oe Brigg! .
Butler: B Bros .. Butler Bros pf. Campbell |} ny. es 3 8 C C a
ysier x Mo ly Co oor max Moly CO 1 m Gas .... 1
Commonw & So Cons Bdison of. 92% S Va
fairly active and strong to 25 cents Contain
higher, with other killing classes of cattle unchanged. Fewer good and choice steers arrived than on last Tuesday, but good longfed 1190-1250-pound weights made $8.65@ 8,85. Two loads of good 1000-pound
long yearlings made $8.50, with bulk | Dist Seag
of the steer crop $6.75@8.
More light heifers arrived and bulk sold from [email protected], one load baby beef weight mixed yearlings $7.90. Good beef cows went at [email protected], cutter grades [email protected]. The bulk top remained at $6.50. Feeder buyers took good fleshy 800-900-
pound steers at [email protected].. Vealers | Gen
held steady with the limit at: $11 and the better grades largely $10 @11.
Fed Western lambs which pre-
Cutler-Ham
Deere & Co ... 237%
4 eee 5TVa 116%
10 10 21% 21% la
eeee 29 ees 17%
Elec Pwr&Lt .. El Paso N Gas.
Fair Mor
29 Flintkote 17%
Gabriel A Am Tr
Bronze Ya ene oe Motor:
dominated in the sheephouse sold |S
steady at $8.75 for finished offerings and some choice natives which reached that figure were strong to higher. Some wooled and shorn Western lambs sold mixed at $7, these being in only medium flesh. Medium grade fed yearlings were marked from $6.50@7. Slaughter ewes were unchanged at $4.50 down.
H Feb. OoGS 38 = eesesssccessercscscsnses 9.50
Barrows and Gilts— (140-160) Good an 8 3152 d and
1) Binks San
DESERNSEEES)
(290- 550)
Packing Eso, ood 50-425) vee
Good (275-550) Medium Slau ter Pigs— {100-14 ) Good 2d choice. .
“ weTtecsipis, 750—
(750-900) (900-1100) €1100-1300) (1300-1500) (750-900) (900-1100) Goo (1100-1300) (1300-1500) (750-1100) (1100- 1300) Medium (725-1100) (750-800) Good
R090
000 WH WO DODD
oOo 28833385333
PIB DI-II0 N00 ghoagatbaaag
ovowm
(750-900) Good (550-900) (550-800)
009 ©0938
oon 353 P32 EEE
Common Al G
1 Co!
eights—
000d Soon Re
hentny 3338
Low utter and cutter <... Bulls Yearlings excluded (all wegiht Good" (be ef) Shia)
a weights) Medium utter and common
Vealers
—Receipts, 500
(All Yelehis) Shiose (All weights) Goo (All weights) Sodium Cull and medium
—Receipts, 558— (250-400) Choire 00
poner 228%
09 92009 ©AR® on oo-1-3.4
S199 sSgua [=2-2-13
Feeder and Stocker Cattle Steers—
(500-800) Choice (300 20¢0) Choice (500-800) Good «..css (80021080) Good .... (500-1050) Medium ... (500-1050) Common Heifers— . (500-750) Good and choice.. Common, medium.
SHEEP AND LAMBS —Receipts, 2346—
onan
88a Saboiecasy
Satta
[3] co
ooowm
; choice, .... Common and medium
CHICAGO, March 1 P. Mi PL am ceipts, 12,000, including S500 xi ket uneven; stead 0 cents higher: 170230 Joss ood and choice, [email protected]; sels $9.50; 170 1Ibs., medium to good, 5 Og: 940. 280-1b. butchers, foe -350 1bs., $8.75 @9; g mediuin, oh and heavy packing sows, $7.5 [email protected]. Cattle_Récei ipts, 7000; calves, 2000; steer ASIEN "good . and choice steady, especially medium weighty oO erings;
vy, 30" Bul }
, $6.75 down; i gil vealers wil lower, onday | Tat lambs “ivade & tes Frida; oat 8: foday [email protected]; 60015. $8.5 [email protected] 80; oday’s trade omenki woo le ed y | ; cho clipped i $7.85; sheep, Steady; ewes,
late ighef than Weights,
CINCINNATI, March 1 (U. — sig 30. none ot Rolover 30; 0. E: @325 cents hi her: early: top, 250.375 1bs., $9.35: 0-140, 1bs. $sas. yo] Jackmg sows,” 25 Jo higher
Cattle Receip ts, 500; calves, 400; fairl active, encrally steady; truck load Ay 1050-1b. steers and small lots 810-1b. yearlings, $8.25; heifers scarce, odd head, ‘$7. to @8; medium to good beef COWS, $5.50@ low cutters and cutters, tas. 25; im tical top sausage bulls, $6.75. Sheep-—Raceipts, 100, none direct: fully steady on light - supply; few good and choice native ewe and wether lambs from [email protected]; common and medium grades, [email protected]; slaughter ewes unchanged, mainly $2@3.
Mar ren 1 cen higher: 200-30 0 108
35; ou Pe R300 Pry ee oh 50 75 dows ah
WAYNE, March 1 (U. <P. -i8 Is So: 180-200 lbs., $9.25; 200-220 Sif 240 Toe. S095; 24 240-260 ins. io bs 5; 5; dba os 325-350 Ie. $8.10; 140 i H tons 1bs., $8.50; RA] 120 ibe Hi 5s §e.75;
ughs, $1 $7.50; stags, $6.25: afr $11;
LOCAL PRODUCE
¥% Ibs. and up, 5c: 4c: 4c;
run,
; breed hens, 5 ule "4% 1 1e; 1 “Legis om, hens, 4 Bars eet, EU 9 | EB Eggs—No. 1 ictly ire h cou A
1bs.
0 Int Hvd
d Sia, 42
odyear Ge Paige Grant C v2 Green H L Greyhound Co.
Herc Mo Holland Furn .. 22% Homestake .... Howe Sound .. Hupp Motor ..
Il Central .... 11% Insshs cts Md.. Interchem
El A.
11%, 4
T&T Int T&T For.. 7%
Kennecott . 38% 38%
L-O-F Glass .. 34
34Y, Life Savers 4... 27 27
EAE RRE SE |
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.
BONDS Bid Asked American Loan Co 5s 46-51... 95 98 Citz Ind Tel (TH). 4%s 61....101% H Tol & Tel Ft W 5s 55 ...103 nd Asso Tel 4945 65... > lige 0 Te nd Tel Co 5s ®: : Ind Railway Inc 5 Interstate Tel &
Oh Bub Tol 4 5 Richmond w W 58
E Trac Term Co’ 55 57
Belt R R St Yds com Cvene vans Belt R R St Yds p
ec 7% 00 1 Ind Gen Serv Co 6% Did-.
Ind Hydro ios: 7% pid.. indpls Gas r Indpls Pwr & Tt pid 6%. + cease Indpls- P&L 6%2%.......cc000d Indpls Water Co pfd 5% 102% Lille Pies Co com 24
xP N Ind Pub y (hy Co fd 57 N Ind Pub Serv pf 6 on Yeo
Van Camp Milk Co pfd Van Camp Milk Co com (By M. P. Crist & Co.)
Market St. Investm arket Bt ian ent Corp.. 22.91
FOREIGN EXCHANGE
YORK, March — AS steady. Teh 1: (U. P.)~Foreign Cable
Net Rates Change TE —.00 3-16 rate) 5.01% —.00 3-16 ) ... 1.00 3 1-128 03267
en .4048 2500
58 11%
.0351% .0223 « 0093 und) . 0236 . 4.04% (zloty) « 1902 (escudo) . J0456% eu) 0075
Tom (offl peso)
¢ er vs (sol)
CHICAGO PRODUCE |
CHICAGO, March 1 (U. ~—Eggs— Market, firmer; receipts, 13% 635 cases; fresh graded firsts, cars, 16%c: less than 16Y%c: extra firsts, ess Al CR IO Nios 1% Ked ceipts c c; storage packe extras, 19%kc; storage packed Rrsts. 19%se. Butter—Market, steady: Jose pts: 614,336 gross 1bs.; extra firsts (90-91% score), 38csatac. so ‘extras oa A) 20%¢; 26@27. oe specials, 30750: standar Reis 29¢: entralized 30070). 28%%c; centralized (88 score
Poultry Market Jeady;. receipts, 2
Se Socke: Chikans, Tiaatc. Conky Ss, c; orn: 1914c¢; ‘turkeys 15@24c; Thosters. 14th. dress, 21@322¢: broilers, "iat Twins, 15Yi@15%c:; — lo Pe Ly fonghorns, 1 4a Fi es 15% Potatoes—Supplies a. demand. slow: Ly oa Bo Russet Burbanks.
d ' 1.32 1.35; Sh Re Fa 5 i: 4 fs irk! gi a
dull; oh Bliss Fuck sale
rivals, 657; he dhe 119; 5 on rack. 380,
* See Final Edition of the Times
24.62 | Eu
By United Press
Ne High Low 152 15% 6% 6%
Net Last Change 152 .... $%
3 18%
3% 17% 12%
3% . 18% No Pacifié * cess 13%
Omnibus Otis Steel
a Pacific Lt
D141 TEs we ow ae FH
1d Oil .. Rayonier oR de
St Jos Le: Scheniey Bt
LEI +]
= as
FIT [
a Hid
ie 1% RB... 41%
41%
Timken
WHEAT IRREGULAR ON CHICAGO MART
Corn Values Develop Steady Tone in Light Trading.
CHICAGO, March 1 (U. P.) --Export demand has become flat and wheat prices on the Chicago Board
as | of Trade were irregular today. '
At the end of the first hour wheat was 1 cent lower to 3; cent higher, corn was unchanged to 2% cent higher and oats were 1 cent lower to 1% cent higher. May wheat ruled steady to somewhat stronger on fair buying but other months were weak. New rain reports from the Southwest incluced some of the weakness but lack of export demand was responsible for most of the bearish attitude. Receipts were 6 cars. Corn developed a steadier tone with a general small interest. Some buying was credited to commercial interests. There was a report from Buenos Aires that grasshopers have invaded corn in the Argentine over a wide area and much harm has been done the South American maize crop. Corn receipts wer: 182 cars.
WAGON WHEAT
oy Sam, Slevators are paying for No. rades on their merits. Cash ‘corn, new 0. 2 yellow. 46c. Oats,
N. Y. Bonds
By United Press
NEW YORK, March 1 (U. P.)—Bonds opened steady.
Argentine 4s April 72 ....... Alfentine 4s 1
Chi Grt W 4s ..... Chi N W 4%s 49 . Erie 58 75
Mo Pac 4s en Philippine Ry 4s” Util P&L 5%s
Curb Stocks
By United Press
NEW YORK, March '1 (U. P.). —: Curb stocks opened steady. Net
Am a B load nna Spo Asso G&E A
1 . Lake Shore Min ... Lockheed Air ......
La Land & Pantepec Oil Un G
BANK STOCKS
Bid = Asked 43 45
Bank of America ....cccc0000 Bank of Afsnhastan esse eee 233 Bankers Trust Bank of New York rTust .... Brooklyn Trust ......... cess Shite Hanoger <..c.ceoecee 93
Chemical
Continental .... Corn" TaacHange .
24%; 49
Gua. frving. : oo Manufachirers ees
COLD PREVENTION MEDICINES. STUDIED
MINNEAPOLIS, March 1 (U. P). —If you can wait through one more winter, the University of Minnesota
may be able to answer for you the
question, “What to Do After the First Sneeze?” Dr. Harold S. Diehl, head of the medical school, said today study of effectiveness of cold preventive preparations, under way for some time, will be completed by the end of the current school year. By then, test-treatments will
{have been given to 2000 co-operat-
ing students and reports of results made by the students will have been analyzed. It then will be possible to draw and report conclusions as to which of the prepara-~ tions used has had real merit in preventing colds.
STOKOWSKI AND GARBO VACATIONING IN ITALY
ROME, March 1 (U. P.).—The Amalfi correspondent of the newspaper Popolo Di Roma said today
"She that Greta Garbo and Leopold Sto-
kowski are vacationing at Ravello, near Amalfi, 23 miles southeast of Naples.
They take long walks together
each day, the correspondent said. .The motion picture star and the symphony conductor hide their faces behind their coat collars when they are approached, it was said.
is | Toledo,
treat.” la
Co Net Last Change Union Carb ... 7 Un Aircraft Op. n
55%
On Stk Yd .... 4%
—W— Walker gb oes »3 41 . 95%
en oe a Willys Miia 3 pi: By
Worthiagion. . - 14%
Sy eee ~18%
REGION SETUPS T0 STUDY ISSUE
Eight Subcommittees to Be Named; Report on Problems Asked.
Yellow Tr .... Ja% J%
Young Sheet .
Zenith Rad . 18% 10% I %
CHICAGO, March 1 (U. P.) ~The
.Republican Committee on Program,
charged with the task of sounding the nation for a new interpretation
1 of Republican policies, neared com-
pletion today of ‘a program for party rejuvenation.
The committee, guided by Dr. Glenn Frank, chairman, agreed on a regional setup to canvass the views of the “little man.” Dr. Frank said: “We expect to complete an outline of the permanent committee’s work and select various regional groups today.” The program, he said, will be based on: 1. Appointmnet of two vice chairmen—a man and a woman; selection of Willard Hard, assistant to National Committee. Chairman John D. M. Hamilton, and eight regional chairmen to maintain contact with the central office. 2. Organization of eight regional subcommittees, authorization for a separate committee on special problems and a permanent organization committee staffed by paid employees, assigned to research work at & central office in Chicago. 3. Restatement of party political and economic philosophy and a complete report on specific problems. Special Studies Planned The progrfn provides for special committees study labor, industry and agriculture, and incorporate their findings in the reports of the regional chairmen. Col. Theodore Roosevelt, New York, one of 12 “regional” speakers who addressed -the group last night, said the main issue facing the party was to save “our free institutions and representative democratic government.” Henry Bubb, Kansas, head of the Young Republicans, said the Democratic party was appealing to young people who were attracted to the “spectacular.” Other speakers were Dr. Harold W. Dodds, Princeton University president; Rabbi Louis Wolsey of Philadelphia; Grove H. Patterson, O., editor, and Edward Corsi, assistant director of public welfare, New York City.
NEUTRALITY POLICY CALLED INADEQUATE
Pastor Says Isolation Is Not Christian Ideal.
The Rev. R. M. Millard, Broadway Methodist Church pastor, today termed America’s neutrality policy “entirely inadequate in a Christian World. He spoke at the Methodist Indian-
Ya | apolis District Council meeting at
Meridian Street Church. “Isolation is out of keeping with the ideals of Christ,” he said. “It is necessary to readjust our thinking as we look at the world’s rapid changes. “The church has been apologetic and characterized by surrender. We
y, | must take advantage of our new (1
initiative because God always orders advance in the face of re-
Church a Refuge
The Rev. M. O. Robbins, Edgewood Church pastor, also spoke at the morning session. “The Church is a home in chaos. It is only Christ who can lead the way to victory,” he said. Other speakers were to be: The Rev. W. C. Calvert, Grace Church; Dr. Alfred H. Backus, Indiana Methodist Religious Education director; Edna Cutshaw, District Epworth League president, and Dr. W. C. Hartinger, Indianapolis Methodist District Church superintendent.
NEW TRIAL ORDERED FOR WILFRED OSBON
The Indiana Supreme Court this afternoon ordered a new trial for Wilfred A. Osbon, formerly of Indianapolis, who was convicted of second degree murder in 1935 in White County and sentenced to life.’ Osbon was charged with pulsing Kenneth Roth at Lake Freeman, in Carroll County. The Supreme Court held that the evidence was tial and that the only thing the State proved was that Osbon had an opportunity to murder Roth. “If mere opportunity to murder is sufficient to convict, then the life and Mberty of many innocent people may be easily sacrificed, 2 the court said. Ne
U. S. RETAIL SALES UP IN 37
WASHINGTON, March 1 (U. P.). —Despite the fall set-back, 1937 re-
tail sales amounted to $39,930,000,000 | |:
a increase of more than § per cent over 1936, the Commerce
| ment reportéd today.
- : The Princesses Myzejen, 29, Ruhije, 27, and Maxhide, 26 (left to right), three royal sisters of King Zog of Albania, are seen as they arrived in New York on the Italian liner Comte Di ‘Savédia. While their visit is officially one- to study American customs, it is reported that they would like to find ~ three rich and otherwise eligible American husbands.
tion.”
Times-Acme Telephoto. ;
isters embarked on a sightseeing tour today 3 enying, with a display of royal dignity that - chilled receptionists; that they were . looking. for wealthy bachelors. “There is no motive in our trip, except friendly curiosity,” they said.
"We are tourists on a vaca-
ONE EXPELLED, TWO SUSPENDED BY SEC
Three Allegedly Engineer 29Cent Rise in Five Days.
WASHINGTON, March 1 (U. P.). —The Securities and Exchange Commission yesterday expelled Charles C. Wright, New York broker, from the five national securities exchanges on the ground that he allegedly manipulated prices of Kinner Aircraft stock: o n the Los Angeles Exchange. At the same time the commission suspended Norman Stern and Herbert King, both of New York, for 12 months fro mmembership on the New York Curb and Stock Exchanges in connection with the same case. Wright ‘is a member of the firm of Wright and Sexton. King and Stern were members of the firms of Arnold and Co. which was dissolved last September following investigation by the New York Stock and Curb Exchanges and the SEC. The SEC found no violations by the two firms. According to the commission's findings the alleged manipulative activities of the three men re-
sulted in boosting the price of Kin-
ner Airplane and Motor Corporation common stock on the Los Angeles ‘Stock Exchange from 46 cents to 75 cents within five trading days. -
| Texas Gitl. 20,
Willingly Goes On Death Ride
WACO, Tex., March 1 (U. P.).— Ethel Davis kissed her mother on the cheek, stopped to confide in her sister-in-law, then walked aut the back door to meet her lover, knowing that he was waiting to kill her. She stepped into his automobile without a word. He sat at the steering wheel, morosely fixed. They rode northward on the Dallas highway furiously for a few minutes. Then they turned and started back toward town. He jammed the car’s accelerator to the floor. Another motorist said they passed him going 90 miles an hour, It was evident that their car had struck deliberately and headong into thé cement abutment on a railroad underpass. Twenty minutes after Miss Davis left her home, her body and that of Richard Cory, 23, were taken from the wreckage. She was 20, and had been keeping company with Cory for two years, until there was a lover's quarrel.
PUPILS, SGALPED OF NET TICKETS. STRIKE
Elwood Seniors Parade in Streefs After Sale.
ELLWOOD, March 1 (U. P.)— Senior. high school pupils paraded the streets and refused to return to school today until scalpers who bought up large blocks of tickets for Elwood fans in the Anderson secbasketball tournament returned them. The tickets went on sale a day ahead of schedule and were grabbed in blocks of 20 and 25, leaving few
for Elwood’s 600 students. March-
Pe to a meeting with Principal C. C. Hillis 550 of them demanded action to get back the tickets. After the meeting they paraded the business district with placards and anounced their strike. A committee was formed to contact fhe ticket takers in an effort to ‘get some of them back for the students.
NEEDS A SAFE DEPOSIT BOX.
U.S. Would Buy Rights-of- Way By F lood Control Bill Change
“in By DANIEL M. KIDNEY - Times Staff Writer < WASHINGTON, March 1.—Senator Bulkley (D. ©.) announced fo= day that the 80 million-dollar flood control bill, which he has jointly introduced with Senator Barkley (D. Ky.), has been redrafted to permit the Federal Government to purchase rights-of-way for flood walls and
levees.
tion and maintenance after com- ¥ pletion, he explained. The new measure also would permit the Government to purchase land and rights-of-way for the construction of dams and reservoirs in cases where benefits would be insufficient to justify local assessments, Senator Bulkley said. | 5 President Roosevelt’s assent to the bill for flood-proofing Ohio River cities and towns was sought today by a committee of Congressmen headed by Rep. Eugene B. Crowe, Bill in Both ‘Houses
The enlarged program of levee and flood wall construction was introduced in the Senate| yesterday. An almost identical measure was offered in the House several days ago by Rep. Kee (D. W. Va.). Since the only flood wall allocations thus far in Indiana were for Evansville, Rep. Crowe has been seeking additional funds for °protection of Lawrenceburg, Jefferson-
ville, New Albany and the smaller.
towns in his district. Cost of the Lawrenceburg levee has been estimated by Army Engineers at $2,291,000; Jeffersonville and Clarksville $5,000,000, and New Albany $2,900,000. In addition the rights-of-way have been estimated at $470,000 for New Albany; $1,210,000 for Jeffersonville and Clarksville, and $225,000 for Lawrenceburg Mr. Crowe said. Under provisions of a law passed last year, the usual requirement of full payment for rights-of-way by local governmental units may be waived in distressed areas and the Federal Government may pay up to 50 per cent. Rep. Crowge says that 50 per cent is the maximum Jeffersonville can pay.
- Protection for Army
“Since there is a large Army depot at Jeffersonvilie, the Federal Government may well pay 50 per cent of the cost of easements as a matter: of self-protection,” Mr. Crowe declared. “An 80 million dollar expenditure isn’t so great when you consider the Ohio River flood loss last year was estimated at half a billion or more. In addition to that loss there were 1,200,000 persons made homeless for a time, 26.500 of them being in my own district in Indiana.” Chairman Whittington (D. Miss.) of the House Flood Control Committee has announced that hearings will be held shortly on the Kee Bill. Other members of the committee to call on the President are Reps. Vinson and Spence (Ky.), Parsons (Ill), DeMuth (Pa.), Johnson (W. Va.) and Dixon, Imhoff and Polk of Ohio. All are Democrats.
ATTORNEY IS NAMED - FRATERNITY LEADER
Kleber W. Hadley, Indianapolis attorney, has been elected presiof the Delta Tau Delta Fraternity Northern © Division Conference, which corhprises 15 chapters in Ohio, Indiana and Illinois, it was announced today.
The election was held last week |-
at the 57th Division Conference in Detroit. W. K. Martindill, Indianapolis, . was elected division vice president. Mr. Hadley is president of Beta Zeta Foundation of Delta Tau Delta at Butler University, and
The local communities, however, Pay for damages due to construcs -
NNUTT WILL LEAVE CAPITAL MARCH 15
Plans to Confer With Lead
ers Here.
Times Special WASHINGTON, March i V. McNutt will leave here for Ine diana March 15 en route to Manila to resume his duties there as High Commissioner of the Philippines, he announced today. Lo Passage for Mr. McNutt and his assistant, Wayne Coy, has been booked on the China Clipper fly ing from San Francisco March 23. During his remaining two Weeks here, the Commissioner will. tinue his conferences on Philippine and Par Eastern affairs. An “off the record” talk, followed by open forum questioning, was’: made by the former Hoosier Gov= ernor at a National Press Club luncheon today. Tomorrow ‘night he will be an honor guest and speaker at a banquet of the Na tional Order of Ahepa at the May: flower Ho Membership of the order is made up of Americans of Greek ori : Mr. McNutt will spend a few days in Indianapolis conferring Democratic political leaders, his parents at Martinsville spend a day at Indiana University at Bloomington.
NORTH SIDEATTIC ~~ ‘BLAZE ROUTS SEVE
~ Occupants of an apartment a 3060 N. Pennsylvania = St. es
smoke today ‘as fire in the attic caused damage estimated at $400. The fire was discovered by a telephone company employee. who awakened Mrs. E. H. Kahlo. She was asleep on her top floor apart= ment. Other residents are Mr. and Mrs. Buren Smith, Mr. and Mrs. Walter A. Snodgrass and Mr, and Mrs. Arriold Glasow. ;
i. First Impressions help. build °° good business:
It's comfort and beauty with business
Planning Dept. for the creation of the new modern office your business Tequires.
PHONE LI. 8515 “Floor to Ceiling Service”
} TSR
formerly was adviser of the Butler | SR PEA
chapter.
a 1 T
BY TRUST DEED DA COR ao COMPANY OF % Sum ¢ that
value of bol
You are" thir notified
PORATION AND. CITY GO, TRUSTEE: .
pursuant to the provisions of have been d
at 6%%: ring a Dr serial uinbers:
Notice of Redemption
ING NATIONAL BETIS Tr 1. ois, 1943, 15SUkD UND
0 ATIONAL
0!
ona. the - trust byt 1
bonds eR hereby. per. annum
is 2rd ht mp no it RR Ra