Indianapolis Times, Indianapolis, Marion County, 2 March 1938 — Page 12

STOCKS LIFELESS AS VALUES MOVE

“IN NARROW RANGE,

Two Issues Touch New Highs, Others Show Small Losses.

NEW YORK, March 2 (U. 1. P.).— Stocks clung around previous closing levels today in dull trading. Fractional changes predominated except in air reduction and Philip

+ %-. Morris which were off a point,

-* “Minneapolis Honeywell which moved up 3 points to a new .:.high at 67 and Dow Chemi- ** cal which rose a point to a #+-new top at 111. : Steel shares were irregularly lower. Bethlehem and U. S. Steel had small . losses. Motor leaders were prac:<tically unchanged and rails had = moderate losses. Coppers, aircrafts, rubbers, utiljties, merchandising shares and oils had small losses. Westinghouse Elecfric eased a point from its opening “to 96 where it was off 3% point. - 8 8% 8

Week's Business At a Glance

. GENERAL BUSINESS

American Bureau of Metal Sta- _ tistics reports January receipts of lead in ore and scrap at domestic smelters 42,405 tons vs. 46,423 previous month and 40,995 year ago. American Petroleum Institute re- " ports week ended Feb. 26 crude output averaged 3,322,800 bbls. daily, off 46,450 from previous week; gasoline stocks 80,719,000 bbls, a record high ,. and 945,000 over previous week. “* Edison Electric Institute reports week ended Feb. 26° electric output 2,031,412,000 kwh. vs. 2,059,165,000 previous week and 2,031,412,000 year

CORPORATION NEWS

American Stores Co. and subsidi- . aries 1937 net income $495,634 vs. $2,045,587 in 1936.

. 2 Asociated Gas & Electric System

s reports week ended Feb. 25 net electric output 84,191,333 kwh., off -~ 5.2 per cent from year ago. Boston Edison Co. 1937 net income ~~ $5,381,879, equal to $8.72 a share vs. = $5,170,907 or $8.67 in 1936. Charis Corp.” 1937 net profit © $100,341 equal to $1 a share vs. $137,216 or $1.37 in 1936. Crane Co. 1937 net profit $9,765,126 equal to $3.63 a common share y vs. $5,802,170 or $2.04 in 1936. Electric Storage Battery Co. 1937 consolidated net income $2,110,084 “equal to $2.32 on combined common and preferred vs. $2,595,310 or $2.86 ~ in 1936: General Gas & Electric Co. 1937 consolidated profit $876,898 vs. $942,671 revised in 1936. Grand Union Co. year ended Jan. 31 net profit $356,571, equal to $2.23 a share on preference stock vs. $315,341 or $1.98 year ended Jan. 2, =-19317. Engineers Public Service Co. week ended Feb. 26 electric output 46,226,000 kwh, up 1.2 per cent from year ; ago. -/~ Southern California Edison Co, ‘Litd., and subsidiary 1937 net income L $12, 058 469 vs. $12,837,813 in 1936. ' Tung-Sol Lamp Works, Inc, and * -subsidiaries 1937 net income $138,433 vs. $180,648 in 1936. Walworth Co. 1937 net profit $1,354,300, equal to $1.03 a share, vs. $519,218, or 41 cents a share in 1336. Waukesha Motor Co. six months - ‘ended Jan. 31 net profit $265,864, equal to 66 cents a share, vs. $338.- :- 576, or 84 cents year ago.

DIVIDENDS

American Cyanamid Corp. 15 _ cents on common “A” and “B” pay- ~ able April 1, record March 15, vs. like payment April 1, 1937. British Tobacco Co. interim 10 pence on common. Chamberlin Metal Weather Strip Co. regular quarterly 20 cents, payahle March 15, record March 10. Coca Cola International Corp. quarterly $3.89 on common, payable April 1, record March 12, vs. $3.90 April 1, 1937. Hémestake Mifiing Co. regular monthly 37% cents .on common, payable March 25, record March 19. Philip Morris Co., Ltd., $4.50 payable March 24, record March 11, vs. $3 March 25, 1937. Rossia Insurance Co. of America directors took no action. Ruberoid Co. directors fook no action on payment in first quarter. " Sun Life Assurance Co. regular quarterly $3.75, payable April 1, record March 16. Van Norman Machine Tool Co. 40 Frents on common payable March 21,

rd March 10, vs. like payment “20, 19317.

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Light Receipts [i Push Prices Up

Despite slight weakness in whole-

hog receipts sent prices 10 cents to 15 cents higher on weights above 160 pounds, according to the Bureau of Agricultural Economics. Lighterweights and pigs held only steady. The full advance was again paid on shipper account, some of these interests taking weights from 160-

though the peak was mostly on 160-200-pound averages. sold unevenly strong to 10 cents higher in some quarters, while some weakness was reported in others.

$7.50 to $8,’ with occasional rough heavies at $7.25. Sharply curtailed receipts forced local killers to pay steady to strong prices for steers and heifers, with spotted sales higher, while all grades of cows and bulls realized fully steady rates. The steer display was unusually plain, comprising common and medium, warmed-up kinds from $6.50 to $7.25 mostly. Two loads of mediumweight shipping steers arriving late were held at $9. Most heifers cashed at $6.50 to $7.35, a load of good 908-pound weights $7.50. Most steers and heifers are around 25 cents higher to date this week, some heifers up more. Beef sows today bulked at $5.25 to $6, cutter

steady but closed unevenly strong to 50 cents or more higher. The choice grades late made $11.50, ag few head $12. Meager lamb supplies included no choice fed Western offerings, best on display making $8.50 in a steady trade. A few choice natives cleared at $8.75, with other good to choice sorts $8.25 to $8.50. and lower grades

unchanged to $4.50 down.

HOGS

(220-250) Good (260-290) Good (290-350) Good

Pa aglone 50 1 30) Good .e 50 -4 veel (25-420) Good cece (275-550) Medium

Staughter [Pigs— » (100-140) Good and choice. . Mediu

8233 69 ©e53 ©399999

~~» o a3

—Receipts, 886—

Steers— (750-900) (900-1100) (1100-1300) (1300-1500) (750-900) (800-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) (725-1100) Steers and (550-750)

Choice

B® 1-3-300000000 S_Naaand coMmNNo

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(750-900) (550-900) (550-800)

2-30 =33

ommon tests .0d.cc.0s00000 Cow cutter and cutter Bulls Yearlings S2cluded all weights)— Good (b beef { Pighis)

(All weights) Medium. hs een Cutter and common ...c.cce

Vealers

—Receipts, 500— (All weights) Choice (All weights) Good (All weights) Medium Cull and medium

[email protected] 10.00@ 11.00 [email protected]

—Receipts, 493— (250-400) Choice Good

Feeder and Stocker Cattle Steers— ) Choice (8 ) Good

( (8 ) Good .....e00000 (50( 505) Medium (50( 1959) Common Heifer (550-750) Sooq and choice.. Common, medium.

SHEEP AND LAMBS —Receipts, 822—

ne 3:3-3-3

38 353833

69 699800 o-3 NeI-JJ00

Lambs—

Good and choice ......ce0ee Common and medium

CHICAGO, March 2 (U. P.).—Hogs; receipts, 12, 000, including 3000 directs; Mats ket steady; spots, San cents Ssh o Feishes, 20 Ibs. up: jon. pb $9.45; 160-240 1bs., A369, 40; 50+27 ‘$9 @9.20; 286:308" or rr By sist, rr a Ww. 7.85; smooth butchess, $8.0 Cattle—Receipts, 8000; calves, 1 fed giears and yearlings, 10@15 hy ed nstances, 25 cents up; market active at advance; most other classes getting better action; fed hetitis sharing upturn; largely steer runs; choice to prime

next- highest price, $9 $9.40; early 2 on fed) a as 35; sev eral loads around $8.75 ro cows, 10° to 15 cents up; a. ail bulls strong; ers scarce and steady, mostly $11 Row, Sheep—Receipts, 200 di-

8 rects; Tuesday’s lamb to 3 15, t = ers and shippers; todays trad 5. nak

ewes, cents higher;

oud lambs today, [email protected]; ewes,

M Yn; Mare 5 ts hi arket, steady to 5 cents her; 200-220 1bs., [email protected]: 220-250 Ener [email protected]; 250-235 Ibs, [email protected]; 160-200 lbs., $9.20 @9.30. gs, $9 down. Roughs, $7.75 gown. Cae, [email protected]. Lambs, $8@

(U. P).—

1bs., calves, 4 Jamie, $8.50.

BANK oes

k of America

kers Trust o Bink ot Nw york Trust .. Chase a aie a. gore 147

sale fresh pork markets today, light | Borach udd Mig

220 pounds at the top of $9.60, al- |g

Packing sows | SY

Bulk of the good sows cleared from | Du

grades.$4 to $5.25. Vealers opened | int

down to $6.50. Slaughter ewes were M

0 | Pac West oil...

Towa fed 1340-lbs. Steers Rest eu at Jihse: Szechoslo

rade si wooled lambs: Clipped AR and choice | Arg good to choice |Arge:

veh 2 (U. P.).—Hogs— | Uru

8. i eis 53 he

sell HL HL

+1: CO aa

n nda 3 AT Sour Ill prpf wit Atl Refining ...

On Local Mart £1 3

Steel 591, Black _& Decker 14%, Blaw-K vei 13

oe Pacifi oe

0QOQQ 0

hi: Pneu T 134 ysler

imax Moly Co 39% ~e 70%

100Q0

Cran 28%2 94

36% 4%

Tans & CV DP Crucible pf .... tiss- peed Curtiss-Wr A . 17 Cutler-Ham 19%;

—D— i & Co ... 2417 2415 Dou 188 an .e 403; 40% eees-1230% 120% —— 45! 2Y, Fo . 30% 171% en Electris .. 40% vee 38

17 17 19% 19%

245 40% 120%

S5 pf .

Eng [1.3 Basie Bldg ....

30%

Fair Morse ... intkote 17%

rebam Paige . rand Un t North Pre. treyhound Ci 3reyhd 52 pf.

10 84 1%

0 8% 1% sin 1312 . 11% . 4 515% Z) 33% 80% wn Ye Ms —_K— 395% 39% 156% 15% —Lp— 13% —M— ee. 22% 224% .. 68 6 ee 9 91a eee 21Y2 21% 66 66

Hupp Motor ee

13% 11% 4

51% 33Y.

Ins] iratn aS Inter Iro ?.

Int ToT For..

Jolins-Man MYs

Kennecott ..... Kroger G&B ..

Loff, Ine 1%

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1 36% Ya

M otor Prod . [ueller Br ..

18 17%

Nash-Kelv Nat Biscuit .. Nat oe ptf ww n 31%

Nat Da ry ve Nat Distillers .. Nat Lead 23%

. 2 3% . 1812 i 4 . Ya 13%

23% 23 3% 1814

D+ Ty

19% 8% 12%

1334 3214

13% 32%s

Ohio Oil Oliver Farm Eq

Pac Am Fish...

9 121; P ar rT Park = . Parm ating. Mines .e Penne

Penn RR Phelps Dodg ... Phil Morris... Pitts Sc & B ..

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The olawind quotations do not repres or offerings, but merely the approximate market level

FLERE o pb

indicate based recent transactions.

BONDS Loan Co 5s 46-51..

eri Ind. Tel (TH) 4%s 61.. el & Tel Ft W 5'2s 55.

Bid Asked

..101% 104 ..103 105 3...104 106 104 106 5 98 50

0 nd Railway [nterstate

1 4las 5 ea ichmond WW 5s 57. Seymour Water, & 55 49..

Trac Term Co 5s

c Ind Gen Serv Co 6% Ind Hydro Elec 1% p ty Indpls Gas Indpls Pwr & Ti pid 6% Indpls P&L 6%%..... Indpls Water Co pid 5%. xLincoln Natl Life Ins Co com 24

n Pub Serv of thd 6% Pub Serv of Ind 7% xProgress Laundry Co com. xTerre Haute Elec Co 6%.. Union Title Co com Van Camp Milk Co pf Van Camp Milk Co com

(By M. P. Crist & Co.) Market St. Investment Corp... 22.94 24.65

. .XEx-Dividend.

FOREIGN EXCHANGE

NEW YORK, March 2 (U. P.).—Foreign exchange irregular. Cable et Change

Ss England (pound) ..$5.01 13-16 Eng. (60-d. bill rate) 5.01 1-16 Canada (dollar) ... Prance far 03264 [taly (lire) oe 264 Belgium (be Iga) ‘en Sess Germany (mark) 4048 . (travel mark) witzerland I ) Holland dgulider) . Sweden (kr fons} eile Norway na Jee 203 Denmark ferone . ao Aust; Straits (pound) . Na (shilling) . 42 a

. .0851%° .. 0223 Ge vio tana): 003% a. New Zea ayy nd). : +1008 = an . Portugal (escudoj . ise 0948

Rumania eu) .... 50) . 2635 .0590

en. (ur noffl. peso) Brazil (milreis)

2 4700

CHICAGO PRODUCE

Zggs- Market times; P than’ carlots, 16%e: 11%c: less than cars, current But!

Poul ceipts, 27 ‘trucks; dks, He @a0: Geose:

16e. Lo

Raa rn aio Round Whites, U.

Commereynie Tomine.

weak;

G2 er. Se oes of

Net Last Change

32 | Un Aireft Cp

NEW ) Sonate firm,

on buying and selling inquiries or Cu

‘Winamae, 679 | Frankfort. is" %G| REAL ESTATE BOARD ERASER Yae; daisies, ae br

NEW YORK STOCKS

By United Press

DOW-JONES STOCK AVERAGES

80 INDUSTRIALS Yesterday ...cccocoscoccs oo 180.47 Week ago ... Month 380 ...... Year 80 ...cccen cee High, 1938, 184.38; Tow, Tinar. High, 1987, 194,40; low, 113.64. 20 RAILROADS Yesterday cccecssccccsoncsen Week ago sessespecsenes soe Month age deesckrensse oo oe Year ago High, 1938, 32.33; low, 21. 08. { High, 1937, 64.46; low, 28.91. | 20 Uriueh Yesterday .. .. Week ago Month ago secssccurentaange Year ago .... .. essenste High, 1938, 21. 86; ov. 18.25. High, 1937, 37.54; low, 19.65. 70 STOCKS

+2.92 123.08

. 192.91 43.00

Yesterday . Week ago

i Month ago

Year ago High, 1938, 41.42; low, 38.51. High, 1937, 69.67: low, 38.87.

Net T pat Change + J + Ya

Low 19% 49 | 117 9%

Fiymoutn i. oll .

Proc oi “tie ve Purity Bak .:..

ecsa

f hell Un oii © th

£ South Ry perry-Corp ... Spiegel The : dG& EEG sta O Cal Std Oil N J.

Tenn Qo ea kas Gut Prod LT :

Transamerica . [r & West a) 20th Cent-Fox 2 Twin ach: «eo

Union Carb ... 79% « 35%

N. YY. Bonds

By United Press BOND PRICE INDEXES

20 20 20 60 Inds. Rails Uiils. Bonds 65.0 - 93.5 9.9 65.7 92.7 79.9 64.8 22.1 79.0 99.6 104.7 99.6 93.4 | 105.1 91.1 70.0 95.4 82.4 61.1 91.4 TY 101.2 106.0 100.7 69.3 92.3 81.1 100.4 106.2 100.2 84.7 108.5 93.3

19 a

Yesterday ..... Week ago Month ago .... Year Two 1938 1938 1937 1987 1936 1936

FORK. March 2 (U. P.).—Bonds Onen Change +

ctersenereiqr IATA 103 ©

aconcla 41a Ganson 3Yas " Chile 6s 00 Erle 5s ’ . tT & T 4758 '39 teense N Y Edis 3%s '66 Norway Penn °F R dias Jo. Texas Corp ees Third Ave Ris oa ‘60°

Curb il

By United Press NEW YORK, March 2 (U. P.).—Curb stocks Ril, ‘steady. o oe et Am Airlines ...... seseee esess 11% angs

8 bY

El B & dy Nat Fuel Gas . —V4 Pioneer Gold ... . —35

U. S. STATEMENT

ASHINGTON, March 2 (U. P.).—Government expenses and receipts for the current fiscal year, uw oun Feb. 26, compared with a year

i i $4, 913. Fi8s2 250. "38 $4, hh Tae La80, 34 3.860,284.765.04 2.716, 24858 1,053,198, 332. 31 2.046.015,2

ceip Goons get. 7.48 1.970.772, 2aT. 48 1/538.592,422. ,792.66 34,600, 064,474.02 11,435,833,668.96 stoms. .. ,164,5662.32 29, 624.570.11 Today's gold cert. fd. inc. .., ..$1,500,000

INDIANAPOLIS CLEARINGS

3,159,000 Clearings %15:333:000

LOCAL PRODUCE

Heavy breed hens, 4'2 lbs. and fp. i5¢: Jndes va 1bs., ues Ie Leg! eghotn, hens, 1 13e: eavy 'springers, n Leghorn Spr fgers, ft Res. and over, 14c:

oF roosters, 9

Eggs—No. 1 “itrictly fresh wot n, 13c; Each ‘full case h 95 lbs. tio “cents on s. will be m ; No. 2, B/G Butterfat—No. c; No. 2. 25c. (Prices quoted bv Wadley Co.) ——————————————————————————

- FOOD PRICES

CAGO. March 2 (U. P.). AD les— Michigan Mcintosh, [email protected]. Potatoes — Tennessee bu. hampers, 5@ssc. 40c. Spinach:

Tom athe — Mexican

Mark Hhinots 2 ws, $1@1. 3s. St sales.

Idaho Valencias, $1.10@1

TWO BADLY INJURED IN FALLS AT HOTEL

CHICAGO, March 2 (U. P.)—The Rev. Fr. John M. Hefferman, 32, assistant pastor of St. Vincént’s Roman Catholic Church, Elkhart, and

were found seriously injured today on a concrete floor in the basement of a “loop” hotel. Both men were unconscious when found. Police were ‘not able to determine the manner in which they were injured but believe Mr. Moore fell over a railing on the street level and R een 18 feet to the first basement. He suffered fractures of both legs and internal injuries. Father Hefferman, police said, probably tripped on a stairway when runing down to aid Mr. Moore. He suffered possible fracture of the skull.

BUTLER SHOWS GAIN IN EVENING CLASSES

Enrollment in the Butler University evening division shows an increase for the second semester over the same semester last year, Prof. George F. Leonard, director, announced today. Registration ' figures: show that ‘| approximately 1425 students are enrolled, 187 of these taking work in the ‘extension classes at Petersburg, ’s Peru, * Kokomo and

_TOHEAR DR. ELLIOTT

U +0.83

—4.91

« | support developed. | the Southwest aided the upturn and

.87 | and author, Mr. Seabrook has writ-

“The White Monk of Timbucktu,”

Thomas Moore, 32, also of ‘Elkhart, villa

High

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1 U U U 1 1

Va-Caro on eee 41% PW Ward Bak pf .. 9, Karner Ble oe Wes st Alr Bke o 25%

West Valls Lis 10%

Witlos Ovrind ot 5 Wilson 451, Woolworth eves 3% wr

Yellow Tr ..... 14% 1 Young Sheet .. 3% 37

3 BE

23 ah 3%

14 37%

+: 1

+2300:

Zenith Rad .. A 16%

PRESSURE PUSHES GRAIN GENT LOWER

Corn Displays Independent

16%

CHICAGO, March 3 (U. P.).— Commission house pressure shoved wheat prices a cent a bushel below the previous close today on the Chicago Board of Trade. At the end of the first hour wheat was % to 1 cent lower, corn was unchanged to 4 cent higher and oats were unchanged {fo 3 cent] lower. Pressure was most noticeable in July wheat but around 9212 cents Some shortcovering on reported dust storms in

part of the losses was erased. Exporters took heart at.the upturn and did ‘small buying. Broomhall reported that the present market idleness was not unusual for this-time of year when winter wheat condition in the U. S. is usually the chief market factor. Wheat receipts were seven cars. Corn’ displayed independent strength and firmed fractionally. Shipping and cash interests were credited with most of the support. Corn receipts were 181 cars.

WAGON WHEAT

LIVERPOOL WHEAT Prev.

3 1 1. i 12 s1. LT a 11% $11 He 168

FORUM TO ea W. B. SEABROOK

Explorer and Author to Talk At Kirshbaum Center On Sunday.

Mav" oe ig 12 %

William B. Seabrook, writer, explorer and adventurer, will address the Open Forum of the Kirshbaum Community Center, N. Meridian St. at 23d, at 8:15 Sunday evening, His speech will be entitled “An Expatriate Returns.” A graduate of Newberry College, S. C., Mr. Seabrook completed his graduate study for the Ph. D. degree in Geneva, Switzerland. ,

Widely known as an adventurer

ten of his experiences while living with a Bedouin tribe for 15 months in Arabia and his year’s sojourn with a group of voodoo worshipers in Haiti, recorded in “Magic Island,” a history of voodoo rites. He is now working on a book which discusses the Negroes in America. ;

Mr. Seabrook is the author of

“Adveritures in Arabia” and ‘“Asy=lum.”

MUSSOLIN HURRIES T0 D’ANNUNZIO BIER

Soldier-Poet-Lover Lies in ‘World Disgust’ Room.

(Editorial, Page 10)

GARDONE, Italy, March 2 (U. P.)—Premier Benito Mussolini and a staff of his aids led a pilgrimage to Gardone today to honor Gabriele D’Annunzio, soldier, poet, dramatist and lover, who lay in state in the “world disgust” room of his famous

He died last night of a brain hemorrhage in his bedroom. He did not die the glorious death he had courted—he had even talked of dissolving himself in an acid bath. He died in flannel pajamas while dressing for dinner. Today the entire country honored him as he lay on his bier at his villa, wearing the uniform of an Air Force general. His body had been transferred from the “leper’s cell” room of the villa to the “world disgust” room this morning. It was reported that Gen. D’Annunzio had left a “spiritual testament” which was to be handed to Sig. Mussolini on his arrival, and that Mussolini would order it published—a last word to the. world from the poet. Funeral plans were to take the body tonight to the bows of the old battleship Puglia planted at the villa. and ‘to hold funeral service there tomorrow ‘morning.

INDORSED FOR POST

Strength; Firms Fractionally.|

Hat in Ring

Henry M. Thomas, 340 N. Ritter Ave., today announced his candidacy for the Republican nomination for Warren Township Trustee. He is a Spanish-American War veteran, a Mason, a member of the Irvington Methodist Church sd the Irvington Republican Club.

MORGAN SEES NEED FOR HELPING CHILD

Outlined at Parley.

Times Special ATLANTIC CITY, March 2.—DeWitt S. Morgan, Indianapolis school superintendent told the American Association of School Administrators

to extend services to help every child find a place where he can work successfully.” “Children cannot depend as our fathers did on the good fortune of unlimited resources and free. lan Mr. Morgan said. “We must make the school a place for development of maximum competence of each individual. We must help him find his place in a ‘complex industrial syster:,” he said.

FREELANDVILLE WINS CROW CONTEST AGAIN

For the second straight month, the Freelandville Conservation Club of Knox County won first place: in

{the State Conservation Department “crow control” contest, it was an-|

nounced today. First rize is $25 and 69 game clubs submitted 13,450 crow Jeet in January,

Committee heads for the Progressive Education Association regional conference here March 19 are confering with Dean William L. Richardson, head of the Butler University college of education and general chairman. Left to right are:

Lashed for Beating His Wife

Clyde Miller, his body bared to the waist, received 20 lashes with a cat-o-nine tails, administered by Sheriff Joseph Deegan, shown silhouetted at the

School's Responsibilities Are

today that “it is our responsibility:

Dr. Richardson,

left, in Baltimore City jail yesterday. convicted of beating his wife, Elizabeth, igh) who plans to get a divorce.

Mrs. W. D. Keenan, arrangements and hospitality committee chairman; ecutive chairman; Miss I. Hilda Stewart, publicity and promotion chairman, and George H. Fisher, rege istration and finance chairman.

Hillis Howie, conference exe

Tmes-Acme Telephotos. Miller was

New Legion Officer ARpohried

Charles M. Wilson (right), newly appointed national director: of Sons of the American Legion, confers with Legion National Command Daniel Doherty (left), and Cy Kasper, Aberdeen, S. D. (center), na=-

tional chairman of the S. A. R.

Mr. Wilson also is assistant Americanism director of the Legion. His appointment to the new directorship, recommended yesterday at. the close of the S.A.R. committee’s two-day session, is subject to con< firmation by the Legion's hational executive committee at its meeting

here May 4 and 5.

Cage Tourney Row Closes High School

ELLWOOD, March 2 (U. P). — Classes of the Elwood High School were dismissed today for the remainder of the week after students returned from their two-day strike to get tickets for the sectional basketball tournament. Indiana High School Basketball Commissioner Arthur Trestor warned school officials that additional trouble might lead to the team’s disqualification for tournament play. - Principal C. C. Hillis then dismissed classes to avoid further trouble. The students had returned this morning after Mr. Hillis promised them tickets had been returned and would be sold to them. ‘Pupils paraded the streets and hung the principal in effigy to the school flagpole yesterday when they discovered he had sold the tickets | all to townspeople and none were left

| for them.

UNIVERSAL py rg Universal Club is to hold a party tonight at the Gatlin Gun Club, L. D. Gleason is to preside. Other club activities are to include an in-

HEARING SET FRIDAY ON FIRE HOUSE BIDS

Safety Board to Consider

Protest on Contract.

The Safety Board said today i would subpena all persons cone nected with construction of a new Engine House 1 for a hearing Fri= day on charges by Carl Losey, In= dianapolis attorney, that the Board had “failed in. its duty to the City” when it let the contract to Lawrence J. Street. Mr. Losey said Mr. Street's bid, after the Board had deducted $3677 for materials provided by the City, was $13,280 while the Capitol Engineering and Construction Co. Submined a bid SgETesating $ll,e 516.15

OKLAHOMA CUT EXPECTED WASHINGTON, March 2. —Fore mal announcement of the Social Security Board’s decision to cut off all further to . Ine

@ Fountain Pens Repaired “ ® = RNG IS ST.

0 ¢ BROKEN»eS ®. Yui You Wait PEN HOSPITAL Strasse

- THOMSON & MCKINNON

NEW YORK CHICAGO TORONTO _ SOUTH BEND FT. WAYNE ‘EVANSVILLE BOSTON CINCINNATI

on tosh New York Curb Exchange New York Cotton Exehange ; New York Coffee and Sugar Exchangs New Orleans Cotton Exchange - . Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain

Exchange \