Indianapolis Times, Indianapolis, Marion County, 16 May 1938 — Page 14

MONDAY, MAY 16, 1938

STOCKS HOLD NEAR PREVIOUS LEVELS IN DULL SESSION

Turnover One of Smallest of

Year; Several Issues Steady.

NEW YORK, May 16 (U. P.).— Stocks fluctuated narrowly today in one of the dullest sessions of the year. Utility shares held at small declines. Rails steadied on small gains and losses and oils were irregularly lower with Standard Oil of New Jersey at 48'i, off 5. Steel shares were dull, both Bethlehem and U. S. steel showing practically no change, Chrysler lost then about halved its loss, while General Motors held unchanged. Coppers and electrical equipments had narrow losses.

” »

doday’s Business At a Glance

GENERAL BUSINESS

Lamborn & Co. reports first seven months of current crop year, September, 1937, through March, 1938, sugar consumption in the 14 principal European countries 4.379,902 long tons, raw sugar value vs. 4 415,948 year ago. Secretary of Commerce reports a lumber survey

”

tion 9,800,000.000 feet, off 24 per cent from year ago and 12 per cent helow two years ago. CORPORATION NEWS

Columbia Gas & Electric Corp. 12

months ended March 31 consoli- |

dated net income $13,629,263 equal to 59 cents a common share vs. $11,289,486 or 36 cents year ago; March quarter net income $4,489,797 equal to 23 cents a common share vs $4,434.024 or 22 cents year ago. Columbian Carbon Co. March | consolidated net profit $707,155 equa! to $132 a share vs. $1,448,536 or $2.69 a share year ago.

Connecticut Railway & Lighting Co. March quarter net loss $48,631 vs. $62,144 year ago. Diveo-Truck Co. six $71,169 year ago. Gruen Watch Co. and subsidiaries

fiscal year ended March 31 net in- | ago. | months |

come $726,142 vs. $606,685 vear Laclede Gas Light Co. 12 ended March 31 net income $130.693 equal to 5 cents a common share vs. $146,435 or ago. National Power & Light Co. 1937 consolidated net income $9,136,015 equal to $1.36 a common share vs. $7,084578 or 99 cents year ago; December quarter consolidated net

almost a point and |

committee estimates | initial half of 1938 lumber consump- |

20 cents year |

income $2,493,162 equal to 38 cents |

a common share 30 cents a vear ago. New Orleans, Texas & Mexico Railway Co. 1937 consolidated net | income $177,745 equal to $1.20 a share vs. net loss $1,650.505 in 1936. Park Utah Consolidated Mines Co. March quarter net loss $39.502 vs. profit $128,692 year ago.

VS.

Wentworth Manufacturing Co. six |

months ended April 30 net profit $55,335 equal to 9 cents a common share vs. $163,285 or 36 cents year ago. DIVIDENDS United Molasses Co., Ltd, terim "2 per cent on common vs. 61% per cent in previous vear. (Copyright, 1938, United Press)

STEEL INCREASE FIRST IN MONTH

(U. P).—

NEW YORK, May 16

Steel operations are scheduled to | per cent of | an increase of 03 point!

start this week at 30.7 capacity, 1 per week, Institute reported today.

or cent over the preceding

The increase is the first since the

week beginning April 11 when operations were scheduled at 32.7 per cent, up 0.1 point over the weel | preceding. Subsequently the rate | declined slowly until it reached 304 per cent point or 1 per beginning May 2. The rate a month ago was 324 per cent and a year ago 90.0 per cent.

FOUNDRY PURCHASES ENTERPRISE COMPANY

Charles J. Gisler, president of the C. & G. Foundry and Pattern Works, 2440 Yandes St., has announced the purchase of the Enterprise Iron Works, 1198 E. 24th St. manufacturers of fences, railings and ornamental iron work. The two firms will continue to operate as separate organizations, Mr. Gisler said. He will the foundry and Emerson E. Nabal will head the Enterprise company.

SCHULER JOINS STAFF OF REPUBLIC STEEL

R. J. Schuler, former general sales manager of the La Salle Steel Co., Chicago, has joined the Republic Steel Corp. as general sales representative of the Union Drawn Steel Division, Massillon, O. He previously had been associated with the Chalmers Motor Co. and Detroit Gear and Machine Co. in production and purchasing capacities.

FAILURES

NEW YORK. Ms May Business failures in

16 OU, P)— the

ous week at 231, Dun & Bradstreet, | Inc. revealed today.

responding 1937 period. Listings for reorganization under

Section 77B (not inchided in total

failures) increased to 31 from 13 in the previous week and compared With 10 a year ago, _

$2,054,687 or |

in- |

last week, a decline of 03 cent from the week |

manage |

UNCHANGED |

United | States in the week ended May 2 re- | mained unchanged from the previ- |

Failures stood at 190 in the y

Swine Upswing Continues on Active Demand

Hog prices continued to move upward under active buying support from most interests, according to the Bureau of Agricultural Economics. Locally, weights above 160Ibs. sold 10c higher than Friday and Saturday although lighter weights and pigs held only steady. The top which advanced to $8.35 was again paid for 160-180-pound averages. Packing sows gained 10 to 15¢ to sell mostly from $7.25-$7.75, occasional rough heavies below $7.25. The healthy tone which pervaded the cattle trade late last week extended into today’s deal and all classes sold strong to higher. Again the live market reflected further improvement in dressed circles. Slaughter steers and vearlings ruled strong to 25c above last week's higher close and are now selling 25 |to mostly 50c higher than at the {low time last Tuesday. Demand Broad

All other classes including cows, heifers and bulls sold readily at strong to 15¢ higher prices, cows being especially in broad demand. A short load of strictly choice | weighty Shorthorn steers made $10, [with good medium weights stop- | ping at $9.50. Good grade steers were numerous | from $8.75-$9.15, with scattered loads | [of common and medium $7.25-$8.00. | Best heifers stopped around $8.75. | Vealers went unchanged with bet- | ter grades bulking at $9.00-$9.50. | Quality of the lamb crop was {medium to good and at $7.25 for best clippers prices were considered about steady to weak with the close [last week. Other shorn offerings | sold from $7.00 and as low as $5.00 | for throwouts. Better grade spring [lambs cashed at $8.50-$9 and shorn

months | slaughter ewes $3.00 down. ended April 30 net profit $13,841 vs. |

| HOGS

9350399339 93.90 3393 3% a on LE 1D BD ht hk tt pk 83 13 PNNNIDI NT NP

| Barrows and Gilts (140-160) Good and 1160-180) Good and (180-200) Good and 1200-220) Good 1220-2501 Good 1250-290) Good 1290-350) Good Packing Sows— 1275-300) Good 1350-425) (425-450) Good 1375-550) oat

| S1aughte or 100- 40) Sood and choite. Medium ..

CATTLE 1448 —

choice '$ choice .. choice. . choice . . choice . . choice .. choice. .

--Receipts, { (750-900) Choicr | (900-1100) i (1100-1300) (1300-1500) O (750-900) G (909-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) (750-1000) Steers and 1550-750)

8.75@ 9.75 9.00619. gn [email protected] 9.50610. 55 25@ 9.00 237 9.2: 50@ 9.: 0@ 9.

9 8. 8. 8. 8.

Medium Medium Common Heifers— Good

HEIFERS (750-900) Good

(550-900) Medium . (650-900) Common

7.00% 8.00@

(plain)

All Noi. Goo: SS

Common (All weights) Medium Cutter and common

Bulls

Yearlings i Civdad (all weights) — Good (beef 6. (All eIRhes) Medium Cutter and common ........ Vealers { (All weights) Choice .. | (All weights) Medium (All weights) Good

9.00@ 9.

the American Iron & Steel [Cull and medium

Calves — Receipts, (250-400) Choice Good

671 —

| | |

Feeder and Stocker Cattle Steers— 1500-800) (800-1050) 1500-800) (800-10:0) 1500-1050)

Heifers— (550-750)

Choice

Common

Good and Choice . fommon. medium

SHEEP AND LAMBS —Receipts, 153—

Lambs (shorn) Choice Good Medium Common

Ewes— Good and choice oF Common and meditim

(U. P.).—Hogs—Receipts, 16,000 jects, 7000; market active, mostly 5100 higher; top, 15¢ up; bulk 160-240 1bs., $8.20 8 40, 250-280 1bs., $8.10 @8.25: 290-350 lbs.,, [email protected]; sows, $76 7.35. butcher kinds 3 $7 50. > Receipts, 13,000 calves, 1500: 's and yearlings, steady: early numerous loads, [email protected]: | vearlings, $9.50; Oo: vearlings {around $10; light kinds, active trade on yearlings and cows, bulls, 10@ 15¢ higher: sausage offerings, $7.15; vealers, ‘steady. Behe kinds, mostly $89;

stockers, scarce Sheen. Receints. $0000: 1800 directs: i market, active, strong to higher: spring {lambs, $9.25: wooled lambs, $7.65 8.50; above $7.90

clipped lambs, $7 50. best, (0. P.).-

18 Receipts, 4200, market, 10¢ Sine. top. "$8.45; 295-250 1bs.. : 100-140 Be ,[email protected]; good packing sows, $6 a0 Cattle— ras, 1000; calves, 500. market, active, generally steady to strong: load good te choice 1143-1b. steers, $8.50 9.15: load 760-1b. choice heifers, $9.25; plain to good beef cows, $6.25@ 7: practical top bulls, $7. vealers, strong; practical top, $¢ Sheep—Receipts, 575. 285 direct: market, generally steady: most ood to barely choice nearby spring lambs, $9@ 9.50: y medium clipped lambs, $6.50 down; slaughter ewes, mat nly $1.50@3; lightweights to $3.5

LAFAYETTE, May 18 ~Hogs— Market, 10@ 15¢ NEer: bulk 160-200 1bs., [email protected]; 200-250 Ibs. [email protected]; 250325 Ibs. $7.80@8: pigs, $8 down; ronghs, $7.25 down. Calves, $8. 30@9. Lambs, $7

Ie higher 16 (U, P).—

2.00@ 1.00w

CHIC 35% May 16

-Hogs— $8.30:

CINCINNATI, May

shorn choice

U.P

aR $7. ‘85: 280-300 Ib 325-350 Ths. § 120-140 Ibs. $7.75: Roughs. $8.75: lambs, $8.50;

(3 S., | 87.65:

clipped | lambs, $6.50.

See Final Edition of the Times for

Closing Stock Quotations

Hu 278 Oto Lite Now

| |

3 | American Loan Co 5':s 46-51 | Citz Ind Tel

| Int Tel Co 5s 60

5 | Indpls Water | Kokomo Water Works 45

| Qo Tel Service 6s 47

| Richmond WW 5s 57 | Seymour Water

{N Ind Pub Serv 7h

| Market St

TT I FOREIGN EXCHANGE

THE INDIANAPOLIS TIMES

PAGE 18

NEW YORK STOCKS

By United Press

—.

High Air Redic .. 462 Alaska Jun .... 97% Allegh Steel ... 15% Allied Stores .. 6%

Net

Last Change

462 Ts 15% 6'2 43

"9, Vs Am Am Am Am Am an

An Atl Retiming ev Atlas Corp

Barker Bros ... Barnsdall ai Beth Steel 5 pf. Borg Warner .. Bkiyn-M T .... 1 Byers, A M

Callahan Ziite- v Calumet & H .. Can Paciifc Cent Foundry.. Ches & Ohio

Climax Moly Co 42° Colum Gas ... Comwith & So. Cons

Cont Cor Crown Cork Curtis Pub Curtiss Wr

Deere & Douglas Air Du Font

Co... I'1% 177% «0 4534 45%, 1022 102'; ly. 8% w..8% 10% 10% 24 24 4 4 lye. 1573 — pn ov nat) Va . 367% . 30%, Tia 4 av, 8's

Elec Boat Js Elec Pwr& Lt El Paso N Erie 1 pf

Flintkote 157%

Gair Robt ... Gen Electric Gen Motors Gen Refract

Bed On Grevhnd 5'a

LET 1+

Holly Sug

Infer R T Int Harvester

nt EX Int T & T For. Kroger G & B .

Fe V RR Loew's

Lorillard ......

| Man El mod gtd

| Marine Mid Martin Gl ..... Motor Prod .... Murray

Nash, a

Laramt ii Peer Philips Pet

Pullman 271%

LOCAL ISSUES |

(By Indianapolis Bond & Share Corp.) The following quotations do not repre- | sent actual bids or offerings, but merely | indicate the approximate market level based on buying and selling inquiries or recent transactions |

BONDS | Asked 9: 100 (TH) 4-3 61 .. 105 | H Tel & Tel Ft. W_ 515s 55 .. 105 HE aS, Tel Ft W Wes 43... 106 Ind Asso Tel 4'2s 65 . . 106 98 44 29 10 103%; | 5s 38 2 10 101 | 101

STOCKS Belt RR St Yds com Belt RR St Yds pfd Cent Ind Pwr 7 Home T & T Ft Hook LR, Inc com Ind ich Ind on Sere Co 6% Ind Hydro Elec Indpls Gas com Indpls Pwr & Lt Indpls Pwr . Line Nat v2 N Ind Pub Serv Co pfd 5157 N Ind Pub Serv 67, 57

Ind Railway Inc 5s 97 > Interstate Tel & Tel Sh .s 63. Co. 3} 66

Kuhner Pack Co 4 ‘ Morris 5 & 10¢ rors: 5s 50. . 9 Muncie Water Works 5s 65 .. Noblesville HL&P go

les 47

Pub Tel 4's 65

51%,

77% pfd

Pub Serv of Ind 67. Pub Serv of Ind 77% Progress Laundry Co com 8S Ind Gas & Elec 4.87 Terre Haute Elec Co 6% Untion_ Title Co com | Van Camp Milk Co pf Van Camp Milk Co com

(By M. P. Crist & Co.) Investment Corp... 21.38

NEW YORK, May 18 (U. P.).—Foreign exchange easier. Following are noon cable rates on foreign a.

Zhe Rates

Net Change 308 3982 —.003,

England Jqund) 80-d. b.

gard Italy i Belgium Germany (mark) Germany (trv. mk.) Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) . Australia (pound). 3 Czechoslovakia (koruna) . Finland (markka) . Greece (drachma) . Jugoslavia (dinar). New Zealand (1b.). Poland (zloty) ; Portugal (escudo). Rumania (leu) Argentina (official peso) . Argentina (unofficial peso . Bragi Chile (peso) Peru (sol) Swen Uruguay (peso) Mexico (peso) Hongkong (dollar). Shanghai (yuan) India (rupee) Japan (yen) n Nominal.

(belga) ..

N34815 02191.

(milreis)

* om .289 o Offered.

INVESTING CO0.’S

d Asked Bi da 11.02/Key CFB2 20.2 3.91 CFB3 13. 5

— Lk © >

Ba A Ind

da Broad St Bull Fd

| Douglas of the

| ment

.| than cars,

Gaga DD

Can Inv Cent Trst 3.11)N1) Inv 4.68 4.08 ....{N Eng Fd 10.38 11.70

i Yo Stocks Ine: 55

130 a 3

CVA 00 rt a r= DDD]

Agri Bok “Stoks

dg Sp Cumul Tr Bl Eat Ins

Depds Ins Divers © D

”"

Doan

I BWP IABRITa" © LID NDID R31

NOINBNOARNONN I-08 =o cc DWNDOAD

EE NN Nv rl Ns JANINE D LOS MANDO UNAD= WO DDD R232: Br

Patt EES a HE

=e ba0000 a Brea

group Securit]

dd 225338 aon

oy OAR JOD DODDAW A DWDL ND

AA Subergised

'Suner 5%

~~ DRDO NATIN 3 WB BP NNN AIIBIDD IR”

1.08 s 15 50 15.67 Invest Bank Corps: In Bae to ~ a 5.2 S EaT A Ros 0 19. ell Fi Ya C 8.94 95 3 n .

— oo ned ad Be ND da w 3 on

NEON ® SIGNS ®

~ Indianapolis Electric Co. 2K. ABA, Ease

| 18¢c:

| roosters,

Reo Mot “er Republic 4 Réyn Met RE, Ren Shring yi Schenley Dist .. Sch

te R oh Roebuck .

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. 81.0 57.1 95.3 Week ago 80.6 57.3 93.9 Month ago .... 78.0 53.2 90.1 Year ago Ro 943 101.5 1938 High 83.0 70.0 95.4 82.5 1938 Low woes NED 49.8 87.3 70.7 (Copyright, 1938, Standard Statistics Co.)

NEW YORK, May 16 (U. P.).—-Bonds opened steady. Net

% For Pwr 5s : «+ 4 B & O 5s 2000 : + Ya B MT 4'as COLT ANN, + 1Va Canada 3%s 2 3% oe Canada 4s « - 1 Chi Nor Ye ‘49 5% ... Cons Oil 3'2s : rE ees Erie 55 75 . Japan 512% “es Youngstown 45

Curb Stocks

May 16 irregular,

60 Bonds Yesterday 7 78 is 95.9

Ya a

NEW YORK. (U.

stocks “opened

Alum Co Am Am G & E Am By soy

El Suit oil Lockheed Air Nat Sugar Technicolor .. Wright H

CHAIRMAN OF SEC ASKS CO-OPERATION

P.).—Curb Net . erg

8 R n 2 1

‘Appendectomy’ for Utilities Recommended.

NEW YORK, May 16 (U. P).— The future of the private public utility industry will be assured if it co-operates with the Government,

although parts of the industry need s | an 1% | an article by Chairman William O. Securities & Exchange Commission in the Magazine | | Electric World.

“appendectomy,” according to

The SEC chairman reiterated the commission's pledge to aid the utili"ties in solving the problems posed by the Public Utility Holding Company Act of 1935, but warned that he would insist on of the provisions of the act relating to physical integration and

| corporate simplication.

“Parts of the industry are suffer[ing from appendicitis,” he said in

11; intimating that drastic action may

be necessary before the problem can

| be solved. The appendectomy should come first;

the minor operations to complete the job of making the industry healthy may come later.” It was Douglas’ first statement on the subject since the Supreme Court decision upholding the act and fol- | lowed by only a few days the pledge of 14 of the nation's major utility systems to co-operate with the Government agency in an effort to solve its problems,

Attributing the inaction of many

utility holding companies in com- |

plying with the terms of the act to psychological influences, Dougias declared that much of the fear felt

{in the industry is “a hangover from | the bitter | upon the holding company act.”

fight which was made

CHICAGO PRODUCE

Eggs—Market, firm: receipts, cases, fresh graded ists. cars, 1914¢c; extra firsts, cars, less than cars, 20Yc, checks, receipts, 19c¢; dirties, 17%c; storage firsts, 21%c; storage packed cxtras, 21Vac. Butter—Market, steady; receipts. 1,204. - 108 gross Ibs. Extra firsts (90-91, score), 24'24024% c;: extras (92 score), 25'4c; firsts, 223, @23%c; seconds, 21ar211%c: specials, 251,@26¢; standards. 25'c; centralized (88 score), 88%c; centralized (89 score), 23%sc.

Poultry—Market, irregular; receipts, 23 trucks; ducks, 13@14c; geese, hens, 18'2/@19c; Leghorn hens, 16'.2¢; spring chickens, 24w26¢; roosters, 13@ldc; broilers, 19@22c, @19c, Cheese—Twins, 13'4@13'% Fe! @1l4c; Longhorns, 13% 14 Potatoes—Supplies wolierate; demand, moderate; market. steady: Idaho Russet Burbanks, [email protected]; Michigan Green Mountais yond Round White. §1.30@ 1,35: sconsin Roun tes, $1.25; North - kota Cobblers, $1.25. Df New Stock-—Louisiana $1.70@2 15; Alabama Bliss Triumphs, $1.75 @ 1.80; Mississippi Bliss Triumphs, $1.70@ 1.75; South Carolina Cobblers, $1.35: fornia White Rose, $2.10. Supplies, ate; demand. good; market, steadv. Arrivals, 273; on track, 411; shi $ Saturday. 989 ‘Sunda ay 53 Shipson,

U. S. STATEMENT

WASHINGTON, May 16 (U. P.).—Government expenses and receipts Yor the current fiscal year, through May 13. compared with a year ago:

oacked |

Daisies, 133

Bliss Triumphs.

moder-

This Year Expenses $6,660, 397, 748. 02

Pub. debt 37.459.475.365.16 Gold res. 12.886.614.432.53 Customs... 324 803.264.26

5.090. 361.300 05 885.667.757.33 1 418.496:93 73

INDIANAPOLIS CLEARING HOUSE Clearings . . Debits 6,370,000

LOCAL PRODUCE

Heavy breed hens, eavy broilers, 1! Ibs. and over, es bareback broilers,

Poultry — hens, 13¢; 2 to. 3 broilers, 17c; 9c.

Toc oon 2 ibs.

° Leghorn 15¢; old

-No. 1 strictly fresh count (each full case must igh 55 S. 8s. A net deduction nn full case under 55 Ibs. e) No. 2,

Butter—No 28a 28!" oN No. 2, 2

26e¢. ButterfatNo. 1. 22¢; FOOD PRICES

CAGO. May 16 (U. P..—Ap Michigs an MeIntosh T5c@sl. Sweet toes—Tennessee, bu. hampers, Carrots—Illinois bu. 80c@s$1. bu. 60@75¢. Tomatoes— Florida ! Caniiflower — California, Pe Gh lifornia, hampTa ea, HEY - 8)—Texa - Bermudas. $1. Tag 30, Texas White 4 ow’ [email protected]';; Texas Yellow Boil-

will be

25 @ Cc

Public

rigid enforce- |

fryers, 23@23'2c; turkeys, 15 |

Cali- |

High 12% 36

Low 12% 36

Net Last Change 2 “+ a Ya

Tide W _A_ Oil B

Satter pros Pa_El pf No d con Westing El ite Mot .... Wilson & Co ..

Young Sheet

WINNIPEG REACTION WEAKENS WHEAT

Good Weather Also Bearish; All Grains Lower.

CHICAGO, May 16 (U.P.).—After opening firm, wheat prices weakened on the Chicago Board of Trade with the reaction at Winnipeg and favorable weather reports both having a bearish effect. At the end of the first hour of trading wheat was off 3% to °s, Corn was off 3% to 3, and oats were unchanged to off 4 Selling through scattered commission houses and by some locals was [noted in May and July wheat as prices eased as much as 1 cent in May wheat, The reaction from early highs at Winnipeg atracted attention here. Liverpool remained steady throughout the session. Ony a limited foreigh demand for North American wheat was reported. | Receipts of wheat in Chicago were | estimated at 21 cars. | Trading in corn was generally | featureless with little speculative interest and lack of support from exporters. The reaction in wheat was also a contributing factor in the dip | in corn prices after the start. Corn receipts were estimated at | 428 cars otday.

WAGON WHEAT

City grain elevators are paving for No. 2 red, 67c; other gradés on their merits. ie corn, new No. 3 vellow, 49¢c. Oats, 2

ARGENTINE GRAIN

BUENOS AIRES, pay 16 (U. P.).—Grain futures opened hi Wheat—May,

aC. —May, 69%e, May. 29%ec,

Flax— May, $1.23%, unchanged.

up %“c; June, 66c, unchanged.

up Ysc, June, $1.23%

LIVERPOOL WHEAT (U. 8. Equivalents Based on Sterling at $4.96%) Prev Close Close

High Low

91% 047 04

DAILY PRICE INDEX

NEW YORK. May 16 (U. P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities,

equals 100): Saturday Week ago . Month ago .. Year ago . 1938 High (Jan, 10).... 1938 Low (May 5)

BANK STOCKS

Bank of America .... Bank of Manhattan Bankers Trust . ; ank of N Y Trust Brooklyn Trust Central Hanover 3 Chase 9: 312 Chemical 3 | Commercial Continental Corn Exchange Empire

107.76 107.13 .. 148.14 117.06

Ask | 431,

pir First National Guaranty . Irving Manufacturers National City N Y Trust Public PTET Re | Title Guarantee

CIVIL WAR VETERANS TO GONVENE JUNE 1

‘Annual State Encampment To Be Held at Kokomo.

1134 36 gata 87! 4:

17¢; ‘current

{

The annual state encampment of Indiana's Civil War veterans will be

| announced today. Mr. Henninger estimated that less than 180 of Indiana's enlistment of 190,000 still survive and most of them are well over 80 years old. An accurate count is impossible, Mr. Henninger said, as a number of the 53 posts have not reported this year's memberships.

FIRE SWEEPS ARGONNE

VERDUN, France, May 16 (U.P). | —Fire swept Argonne Forest last night and hundreds of small caliber shells, relics of the World War, exploded to create a scene realistically reminiscent of 21 years before. Five hundred soldiers subdued the flames early today.

NEEDS A SAFE DEPOSIT BOX

ALL SIZES MODERATE RATES Q AMERICAN NATIONAL BANK

Southeast Corner PENNSY(VANIA & MARKET STREETS

THEY CAN AFFORD TO GO

“Mr. and Mrs. A. leave next

—and they can well afford to go. Their Retirement Income Plan, started some years ago with the INDIANAP-

POLIS LIFE, pays them a

as long as either of them lives.

month for an extended trip”

handsome check each month

he 99550 up 15¢; June, 93%ec, up |!

compiled for United Press (1930-32 |

| held at Kokomo June 12, Assistant | | State Adjutant Joseph B. Henninger |

Arrange the SURE way for YOUR Retirement Income Check

INDIANAPOLIS LIFE INSURANCE CO.

* Edward B. Raub, President ‘Office—Meridian

Changes Jobs

Robert D. Hammer, 502 E. Maple Road, has resigned as assistant secretary of the Indiana Bankers’ Associaticn and associate editor and manager of the Hoosier Banker to accept a position with the American Bankers’ Association at its New York offices, Don E. Warrick, Indiana Bankers secTetary, has announced.

cnn n—

WOMAN CLAIMS ATTACK, 2 HELD

‘Seized and Forced Into Car At Delaware and Vermont Sts., She Declares.

Two men were held today in connection with the alleged abduction and attempted attack upon a woman and police sought robbers who slugged a man and another woman during the week-end. Police questioned four men as suspected burglars. Miss Helen Smith, 30, of 971 N. | Delaware St. reported she was | seized while walking with Harold Bottes, 37, of 539 Highland Drive, | near Delaware and Vermont Sts. | yesterday. Two men, according to Mr. Bottes, dragged Miss Smith into their car | before he realized what was happening. He said the car sped west on Vermont St. and then turned south on a side street. Miss Smith said the men drove her into the | country, where they attempted uo attack her.

Scratches Assailant

She said she fought them ff, scratching the face of one when he struck her.

ware St., the machine. As they drove off, Miss Smith obtained the license number of the machine. Police traced the car to la N. Haugh St. home, where they arrested two young men, later said to have been identified as Mies Smith's assailants. They were held |on vagrancy charges under $5000 | bond. Harold Abbott, 43, of 112 W. North St., said he was slugged and robbed of $5 by a man who followed him from a tavern in the 500 block Indiana Ave. | Mrs. Freda Robinett, 28, of 1226 N. Illinois St., reported her purse containing $2 was taken by a man | who struck her and dragged her into an alley near her home. Guy William Sweeney, 24, of 720 Lord St., was in City Hospital, in | critical condition with a fractured | skull following an altercation with | Marshall Fletecher, 28, at Mr. | Fletcher's home, 728 E. Minnesota [ St. Fletcher told police that Mr. | Sweeney, a former boarder, had | threatened him and his family with | a blackjack.

: Uses Brick in Defense

| Mr. Sweeney, according to Mrs. Fletcher, followed her upstairs | and tore her coat and then followed ‘| her A an into the rear yard, e Mr. Fletcher picked up a | rere Mr. Fletcher said Mr. Sweeney atpted to strike him with the ee and that he hit Mr. | Sweeney on the head with the brick. Police sought an assailant who beat Walter Lineberry, 29, of 825 Eugene St. He was taken to City Hospital from his home where he appeared early yesterday delirious and badly beaten.

Send for interesting folder on Employers Mutual Tornado I'nsurance Policies. Ad- \ dress office below

® What state, city or community is next to make the headlines with “Tornado Strikes -- Damage runs into Millions’? I's it this one? Who can tell? Government weather bureau statistics show a 20-year average of over 140 serious windstorms annually with property losses above 37

millions in this country.

the country is immune from windstorms and there is no way to stop them «+ no way to prevent loss. Tornado Insurance is the only means of recovering losses. An EMPLOYERS MUTUAL Tornado

policy can be written

ON THE

TONIGHT

6:00—~Monday Show, CUBS, 6:30—Richard Crooks, WIRE. 7:00—Radio Theater, WFBM. 7:00—James Melton, WIRE. 8:30—Eddie Cantor, WFBM. 8:30—Burns and Allen, WIRE. 8:30—Army Maneuvers, CBS-NBC. |

Even though “it can't happen here,” American listeners will get an ominous picture of aerial warfare tonight. During Army maneuvers, the Air Corps will “bomb” the town of Farmingdale, L. I. Both NBC-Blue and CBS will be on the air for a description at 8:30 p. m. Farmingdale residents are to tune in WABC, the OBS key station, for instructions as to when to turn out all lights in the town. There will be announcers in the bombing planes, others cruising the streets or getting civilian reactions through interviews. This is the first simulated air raid ever attempted in this country as a defense m»>asure, though they're uncomfortably frequent in Europe. ” » WIRE has several special programs listed this week for National Air Mail the new Federal Building wing. “a 6 p. m. today and 12:45 p. m morrow there will be SRR ” connection with the local postal and

Federal unit. n

” Since the Army

# maneuvers don’ t |

WFBM will be on the air as usual | with the Cantor broadcast at 8:30 | p. m. This will be Eddie's » ” »

INDIANATOLYS BM_ 1230 ‘BS Net.) Jack Shannon ews Rakov's Or.

Tea Tunes " i Rollini Trio

| broadcast

Week and dedication of |

affect the Western CBS stations, |

first | |

RADIO

from Hollywood on the current series. Having been married 25 years, Mr, Cantor will have a ohe-year couple on hand to absorb a little advice. They are the much-publicized Jackie Coogan and his spouse of the films, Betty Grable. Other CBS | Buest stars this evening will be | Elissa Landi, stage and screen star, with the “Monday Show” at 6 p. m,, and Loretta Young and George | Brent in “The Girl From 10th Ave- | nue” for Radio Theater (7 p. m, WFBM). un 5 On WIRE, you may hear a Stephen Foster medley arranged by Conductor Marek Weber of the “Contented Hour” at 8 p. m.; Richard ‘Crooks singing music by Rimsky« Korsakov, Grieg and Olmsted, and Alfred Wallenstein conducting Wagner, Strauss, MacDowell and Berlioz, all at 6:30 p. m, The Jordan Conservatory has moved its weekly program to a 6:30 p. m. spot on Mondays, beginning tonight. Imaugurating the new hour will be James Hosmer, flutist, with Dorothy Munger accompanying, in music by Bach, Mozart, Debussy and Georges Hue. Walter Hickman con- | tinues as commentator.

”

A singer whom you're likely to hear more about is Maria Maxime

| o- | OViteh, the Russian-American so-

{prano, who will be heard in two

broadcasts of Polish art songs, tomorrow and the following Tuesday | at 1:30 p. m.,, CBS-WFBM Born in Russia, educated in Ture [key and France, Mme. Maximovitch is married to Cyrus B. Follmer, American vice counsul in Bérlin. She made her American debut in New York this season

THIS EVENING

(The Indianapolis Times fs not responsible for innccuractes in program ane nouncements caused bv station changes after press time.

INDIAN APOLIS WIRE 1100 (NBC-MBS) Middleman's Or,

oven AT LW 700 A MBS)

WCAg0

(MBS Net. )

Golden Journeys

Sophisticated Orphan Annie

Dick Tracey Unannounced Sport News Lowell Thomas

2 3353

Harry Bason nele Ezra ick Tracy Orphan Annie

Air Mail

Bohemians Boake Carter Popeve

“lem

MIDAS |

News

Liner's Or. Musical Moods Conservatory

- Dd

Richard Crooks

Sweet & Low Or.

lark’ pov Elson olognini s Or,

Mesgner's, Or,

Don Winslow A. Franklin Let's Celebrate P Sullivan

Burns. Allen

Richard Crooks Lone Raneer

James Melton Unannounced Forward

Radio Theater

id NIN

W. King's Or. Eddie Cantor

Contented ” ”

Burns-Allen

Crosby's Or.

Roloeini s Or omorrow’s “rem.

Onerettas Mysteries True-Falge Men's Program

False-Trpe Weber's Or.

Entertainment

The men later drove | her back to the 600 block N. Dela- | where they put her out of |

EMPLOYERS wmuTUAL LIABILITY INSURANCE CO.

Qos. Andy Lum & Abner New Pick-Pat o 4 Spring's Or.

Cugat’ s Or. Or.

News Tucker's Or, Hamilton's Or,

333 | ceo | xx%® | guava | ana aun | as aa

-ae—ws

Croshy’s "

Noone's , Or. Or.

Or. Or.

welk's Child's

rT S352

Saunders’ " ”

td kh | dk kk

Ba etal News

" ”

Randall's Or. Pancho's Or.

Amos-Andv Kresup Erion Sprige’ s Or.

Henderson's Or. Kirk's Or

Dance On Crogbv's Or, Ww Welk's or. Child's Or.

Review Tucker's Or Martin's | Or.

INDIAN ALOIS WFBM_ 1230 (CBS Net.) 6:30 Early Birds 6:45

Devotions News Musical Clock

Pessa Byrd News

Mrs. |

oi F353

Kitty Kelly Wiggs Myrt-Mar Xi orn hat Stepmo her

Milky Way Apron Strings

it Sister eal Life

EEE

Fons

David Harum Lorenzo Jones Unannounced Linda’ s Love

Desa Byrd

Footnotes 3 Romeos

wee | WWW | aFabad

| idem 5332

) Mary McBride Edna Odell Mrs; Farrell

333 mov

bk sy = -

oman in White

TUESDAY PROGRAMS INDIANAPOLIS WIRE, 1400 NRCMRS)

CINCINNATI LW 300

CHICAGO (NBC-MBS)

G 20 (MBS Net.)

es Mugie Box evelers y

Good Morning Jean v LX indlahr

Crane-Joyce

Melody nly Dr. 1 Friei Iy

errymakers eter Grant Gospel Singer Exnerience

Hymns Margot vri-Marge etty- ob et Thin

Get Rita minted Dreams tella Dallas

Mary Marlin Goldberes Unannounced Kitty Keene

C Pr St H. Turner Contrasts Quin Ryan Mail Box

Dr. reiendly O'Neil

News- Wen ther Farm-Home

Welk's Or. Singing Sam Imogene Farm

Medal Hour » "

Sn dd ee la >

our

ferson

State St, Man Frances Perking fre Stocks Serylces "

ery udor

ur ay aie

rk ka

WITS

arm fit ews

iad

Nauk Revorter

a s _Love . Turner Hill to ous U nannounced

Head! in Court

pl Concert

Army Band Vv arieties

in a Alley War Song Story:

avatar eke w2 .

Melody

usical Moods eadoff Man

Pepper Young Hatterfields

Gide Licht

ealth ublic Schools armonettes House Questions

uehsreel Speedway

a “aS

——— Wife arieties

Harding's Wife Baseball Ma Perkins 3$ ¥ Aces High

Life Road

Four of Us L. Salerno Unannounced ing’s Jesters

Hieh Schoel

Ne ohnhie oval

6. A

Tel s Sg Homes

www | Wp -

-loSE

Wi River

one

NBC-RED—WEAF, 660; CBS—WABC, 860; WIR, MUTUAL-—WOR, 710;

TEE EYEE)

in the policy. ,

No section of

to cover your

Indianapolis: 1108 Circle Tower,

Johnson Hawaiians

EMPLOYERS FIRE

ouseboat ary Southern Singing Lady Editor's Daughter Dick Tracy Unannounced Paul Douglas Lowell Thomas

Bill Anson Airliners

Orphan Annfe

KEY NETWORK STATIONS (Subject to change):

NBC-BLUE-WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. WTAM, 1070; WWJ, 920; WMAQ, 670. 750; WHAS, 820; KMOX, 109%; WBBM, 776. WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650.

business or residence property, gar. ages, warehouses, etc, and their contents «- to include signs, awnings, smoke stacks, etc. Damage from hail can be incorporated

Rates are standard, but

policyholders share the earnings of the company and through Dividends, which have never been less than 25%, substantial premium savings may be realized. Fur. ther savings are offered on policies issued for periods of more than one year. us give you further information about the company and its Tornado policies. Address the office below.

Let

MUTUAL INSURANCE CO.