Indianapolis Times, Indianapolis, Marion County, 6 June 1938 — Page 14

MONDAY, JUNE 6, 1938

DIVIDEND

OMISSION

SENDS NEW YORK LIST DOWNWARD

Stocks Slip After Strong |

Opening; Trading Is Light.

NEW YORK, June 6 (U. P.).— Omission of the dividend on the $3 cumualtive preference stock of United Corp. today sent that issue down 4% points to 24% and unsettled a stock list that had been strong in earlier trading. Prices turned down after an advance of fractions to more than 2 points, Trading continued quiet. United States Steel, which had touched 43%, up 1%, lost half the gain. Other metal issues—ferrous and nonferrous—eased. Farm implement shares eased only moderately on announcement the Federal Trade Commission charged leading firms with using coercive sales methods in restraint of trade. The Commission said International Harvester and Deere & Co., had most influence on prices. Stock of the former touched 53% early and then eased to 517, still up % net. Deere slipped to 15%, off % net from 163s.

# # =

Today's Business At a Glance

GENERAL BUSINESS

American Iron & Steel Institute reports steel production this week scheduled at 26.2 per cent of capacity vs. 26.1 previous week and 76.2 year ago. Dun & Bradstreet reports week ended June 2 business failures 226 vs. 247 previous week and 146 year ago. Naticnal Bituminous Coal Commission estimates week ended May 28 soft coal output 5,500,000 net tons vs. 5,127,000 previous week and 7,576,000 year ago.

CORPORATION NEWS

Interstate Power Co. and subsidiaries 1937 net loss $6827 vs. $126,952 year ago. McClellan Stores Co. may sales $1,666,879 vs. $1,947,718 year ago, off 14.4 per cent. F. W. Woolworth Co. May sales $22,714,431 vs. $24,562,000 year ago, ox 7.5 per cent; first 5 months sales, $109,906,960 vs. $109,642,929 year ago, up 0.2 per cent.

DIVIDENDS

Consolidated Retail Stores, Inc, regular quarterly $2 on 8 per cent preferred payable July 1, record June 18.

Lambert Co. 372 cents payable

July 1 record June 17 vs. like pay- | 23

ment April 1. Navarro Oil Co. regular quarterly 10 cents on common payable June 30 record, June 20. Nehi Corp. regular quarterly $1.311% on $5.25 first preferred payable July 1, record June 15. United Corp. directors took no action on $3 cumulative preference due at this time. Western Grocers Ltd. regular quarterly 75 cents on common payable July 15, record June 20.

FOREIGN EXCHANGE

NEW YORK, June 6 exchange slightly easier. Cable Net Change —.00'g —.00%8 —.00 1-32

+.0000%s —=0000%

(U. P.).—Foreign

Rates England (pound) ..4.94 11-16 Eng. (60-d. bill rate) 4.93 15-16 Canada (dollar) 987% France (franc) Italy (lire) Belgium (belga) Germany (mark) .. Ger. (travel mark). Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) Australia (pound) Czechoslovakia (koruna) ... . Finland <markka) Greece (drachma) Jugoslavia (dinar) . New Zea. (pound) . Poland (zloty) ..... Portugal (escudo) . Rumania (leu) .... Argen. (offl peso) Argen. (unoffi. peso) Brazil (milreis) .

Mexico (peso) Hongkong (dollar) . Shanghai (yuan) India (rupee) vapan (yen Da Nominal:

CHICAGO PRODUCE

Butter—Market, weak; receipts, 1,531,154 gross lbs.; extra firsts (90-91% score), 23 @23%¢c; extras (92 score), 24'2¢c; firsts, 21 @322Vsc; seconds, 19@19%zc; specials, 243%;:@ 251c; standards, 233;c; centralized 88 score), 21%c; centralized (89 score), 22%;c. Eggs — Market, steady; receipts, 28,140 cases; fresh graded firsts, cars, 19c; less than cars, 18'2c; extra firsts, cars, 19%zc; jess than cars, 19'sc; checks, 16c; current receipts, 18c; dirties, 16'2c; storageacked firsts, 20'4c; storage-packed extras, 0'ac, Poultry — Market, trucks; ducks, SS hens, 17'%2@19'%c; L spring chickens, broilers, 17@20c; 15@ 19c. Cheese—Twins, 13@ 13%c; 14c; longhorps, 133:@ 14c. Potatoes—New stock: Supplies, moderate; demand, good; market firm; Louisiana Bliss Triumphs, [email protected]; Arkansas Bliss Trismpnt [email protected]; Oklahoma Bliss Trihs, $1.90@2; Texas Bliss Triumphs, $2. 5@2. 10; Texas Cobblers, $1.90: Alabama Bliss Triumphs, [email protected]; North Carolina Cobblers, $1.80@ 1.95; California White Rose, [email protected]. Old stock: Supplies, moderate: demand, slow; market, steady; Idaho Russet Burbanks, [email protected]; Washington Russet Burbanks, $1.50@ 1.80: Minnesota Round Whites, $1.65. Arrivals, 215; on track, 318; shipments, 826 Saturday, 94 Sunday.

U. S. STATEMENT

WASHINGTON, June 6 (U. P.).—Government expenses and receipts for the current fiscal year through June 3, compared with a year PE:

Tals ERE, 55 56.885 520,010.18 .$7.004,573, 885,820,010. Br eipts, .. 5.505,656.186.18 4.482.205.911.74 Gross Def. 1.498.911.0235 37 2,403,524.098 44 at. » ”

Cash Bal.. Work. Bal. 1, '918. 314,246.72 Pub. Debt 37,384,613, 328.68 Gold Res. 12,920,786,942.91 Customs .. ’336.,472.682.74

. 7 . 2095(0) —.0045 3 —.0005

288 (0)Offered

stes addy; reecipts,

roosiers,

fryers, 19@ 20c;

daisies, 133: @

"449,284,691.75

INDIANAPOLIS CLEARING HOUSE Clearings $3,039,000 Debits ,&71,

OTHER LIVESTOCK

(U0. P.).—Hogs— Jails, active;

CINCINNATI, June 6 Receipts, 3200; none direct; enerally 15c¢ higher; top, 0-275 1bs., 8.70: 100-140 lbs., $7. 50@ 825. : Cattle—Receipts, 000; calves, 600; generally strong to 25¢ oR two loads strictly good aro 1 few mixed yearlings,

9.65 lain to good be fos: ol top Jats Jouls. $6. $5: wea 0 = Cheep Receipts. 1 1450; 460 direct; cprin lambs active, 25@50c ‘higher; most gO and choice Searby springers, [email protected]; top, $11, for sizeable lot and small bunch or so of strictly choice long hauls ewes 1d weathers; buck lambs discounted 0c sloughter ewes mainly [email protected].

vealers

I ocal Porkers Rise 10 Cents To $8.90 Top

Hog receipts were held to 5500 head and all weights advanced 10 cents over Friday and Saturday, according to the Bureau of Agricultural Economics. The top was boosted to $8.90, with 160 to 180pound weights again the most popular averages. Sow prices also gained around 10 cents and these bulked at $7.50 to $8, with smooth lightweights $8.25 and $8.35. The limited run was cleared with little opposition at an early hour. Better grade hogs averaging from 160 to 400 pounds sold within a 50cent range of $8.40 for the heaviest end to $8.90 tor the lightweights. Receipts of approximately 1000 cattle included only a minor number of steers and this class was not thoroughly tested. Otherwise the market was a generally steady affair with spotted strength on heifers. The entire deal was featured by a fairly active demand and all pens were emptied around midsession. Receipts included a four-car string of strictly good 1232-pound steers, bought in the feed lot at $9.50. Other steer sales ranged from $8 to $9.25, the outside price for good around 1100-pound weights. A car of choice 700-pound heifers scored $9.25, a load averaging 725 pounds at $9. Other load lots of good heifers ranged from $8.50 to $8.85, with plain and medium grass heifers mostly $7 to $8.25. Stock Demand Up

The practical top on both weighty sausage and beef bulls rested at $7. The stocker\ demand improved slightly over last week’s slow deal, and medium 350-pound stock steer calves sold as high as $9, with comparable heifers at $8. Good southwestern heifer calves went out at $8.50. No change was posted in the vealer division and good and choice grades continued to sell at last week’s prices, mostly $8.50 to $9. Spring lambs comprised around half the run of 700 sheep and sold mostly 50 cents higher, with the better grades at $9.50 and $10. A string of approximately 350 head of shorn, old crop lambs approaching yearlings, went at $7 and $7.25. These fed lambs were also, on the up side, approximately 25 cenis above the few of this class sold here last week.

00 0005500000000 POT NODVR-IW QU OOO DOW

Barrows Sod Gilts— 140-160) Good and (180-180) Good and (180-200) Good and (200-220) Good and (220-250) Good and (250-290) Good (290-350) Good Packing Sows— (290-350) Good (350-425) » i (425-450) Good (375-550) Veen Slaughter Pig 100-140) Good and choice. . Medium CATTLE —Receipts, 959— Steers

Choice Choice Choice Choice Good Good

choice choice . choice. . choice. . choice % choice. . choice. .

choice. .

(750-900) (900-1100) (1100-1300) (1300-1500) (750-900) (900-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) (750-1100) Steers and (550-750)

tpt pt

Medium Medium .. . Common (plain) eifers—

=3000900 000 © 0 slag untoowm SuIuuglbion Oooo w

oS =]

(750-900) (550-900) ediu (650-900 Common ayn

ano 58

All Weights—

nmo: (All eahis) Medium Cutter and common Bulls Yearlings Excluded (all weights). Good (beef) , 5 (All weights) Medium Cutter and common Vealers (All weights) Choice ... (All weights) Medium (All weights) Good Cull and medium

on > on Sud RID

or -30% SOW COO O 99

—Receipts, 598—

(250-400) Choire veh

Steers— (500-800) (800-1050) (500-800) 1800-1050) (500-1050)

Heifers-1550-750)

Medium Common Good and choice.. Common, medium SHEEP AND LAMBS —Receipts, 589— Spring aps. Choi

ADD

9 20 Common weer W75@ 8.25 Ewes— Good and choice @ 3.00

7.75@ 8.25 CHI

ceipts, He

CAGO, June 6 (U. P.).—Hogs—Re15,000; 6000 directs; market, acsteady : od and ch 550~ 280 1bs., @8.60; packing Any $T50@ 1.7: “lighter weights, [email protected], Cattle—Receipts, 15,000; 2500 chlves: fed steers and yearlings, steady eak; strictly choice steers, scarce; “Vearlings also in limited supply; best steers, earl $10.65; average, 1381 lbs: numerous loa steers and yearlings, $9.75@ 1: best vears lings, early, $10; heifers, fully steady: early top, $9. Ho mixed steer and heifer SP RITingS $9.75; cows, steady to weak: bulls, OR: vealers, weak; most [email protected]; beef COWS, Susane bulls, up to $6. vealers, $9 dow

Shecb—Receipts, 5000; 1000 directs; fat lambs and springers, active, 25c higher; sheep, steady: clipped lambs, $6.85@ 55. 10; top native spring lambs. , $a)- 50; shorn native slaughter ewes, $3@3.

LAFAYETTE, June oo @ Rl wha 60-2 $8. ha

: bs., 8.8. .. $8. 530a5. on hoo: ’325 bs. $8. 30@8. 50; pigs, $8.50 down; roughs. or 5 Sowa. care [email protected]; lambs, $8@9. YNE, June 6 (U. P way Jugher, 160-180 1bs 0; 200 220 $hso;

‘160

140- ; 120*100- 120 lbs., $8.10; roughs, stags, $6.

s6 Calves. $9; lambs, $8.50: clipped lambs,

“8 40

ter ‘grade Cows, $6.50@ 7.50;

Market, It 5 $52

NEON SIGNS

And SERVICE

Indianapolis Electric Sign Co. LI-5674

INDIANAPOLIS TIMES

PAGE 13

Net Lest Change

| ++

Zin A conn Amour Ill ..... Auburn Auto . Aviation Corp .

HHH

Bendix Avn Beth Steel Beth gr 5 of. Boeing Air Boones: Borg-Warner Briggs Mx Bklyn-M pid.

HHH

Cal Packing . Can Pacific... Caterpillar T .. Celanese

I+: +++]

Cons Edison oi Cons fur Cont Cont on Del . Crane Co Crown Cork ... Crown Zeller Curtiss-Wr .... Curtiss-Wr A . Cutler-Ham ...

Deere & Co ... Diam M pf .... 35 ‘hn 13% 537s

45 96%

FI HIE HH HL HE

Fair Morse .... First N Strs .

Gen Baking .. Gen Electric ...

Goodrich pf : Goodyear . 18Y 18% Grona aa, Paige . ) Ts

H+

12% 62% 5%

Holly Sug ..... 1234 Homestake .... 623% Hudson Motor . 54

wef 51% 513% 4 42%, bh B cee 8% 3 Intertype ..... 10 10 Pe oo G & B 13% 137

Int Harvester .. Nickel

Kaufmann DS.. Kennecott Kroger G

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 60 Inds. Rails Utils. Bonds 9.4 52.3 93.7 95.1 Holiday 80.5 91.7 83.0

Saturday Week ago Month ago .... Year ago 1938 High

6.5 95.8

55.8 94.6

93.3 101,1 70.0 95.5 82.5 1938 Low 49.8 87.3 70.7 (Copyright, 1938, Standard Statistics Co.)

NEW YORK, June 6 (U. P.).—Bonds ovened irregular. Net Open Change Am T&T 3s 66.. .102Ys 4 1g Australia 5s 55 ‘ 4 Ja : v iy; 1 %

West Un 5560 «=. scsounon > %

Curb Stocks

NEW YORK, June 6 (U. P.). — Curb stocks opened steady. Net e

On Change “+ Eb + Ys

+ 1

+n + YB

DAILY PRICE INDEX

NEW YORK, June 6 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Friday ...... 102.98 A onth G0 «viessserenrnnvesy J0N13 Year ago cernsvenees 143.12 1938 high (Jan. 10) .......... 117.06 1938 low (June 2) ........... 102.43

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

The Soliowing 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

id American Loan Co 5'2s 9651. 95 Citz Ind Tel (TH) 4'as 61. -103 H Tel & Tel Ft W 5l2s 55....103 H Tel & Tel Ft W W 6s 43....104

Int Tel Co 5s 60 . Ind Railway Inc 5s 97 Interstate Tel & Sel 5155 63. Indpls Water Co 3'2s 66 Kokomo Water Works 5s 38... Kuhner Pack Co 4s 40 vies Morris 5 & 10c Stores 5s 50. . Muncie Water Works 5s 65. Noblesville HL&P 5's 39. Ohio Tel Service 6s 47. Pub Tel 4'2s 65.. “ue Richmond WW 5s 57 - Seymour Water Co 5s 49. T H Water Works 6s 56 T H Water Works 6s 49 Trac - Term Co 55 57........

STOCKS Belt RR St Yds com..........

Sesser essencsn nn

10242

Ind Gen ore’ ‘Co 6% pfd. Ind Hydro Elec 7% pid. . Indpls Gas com xIndpls Pwr & Lt 8%. xIndpis Pwr & Lt 612% Linge Nat Life Ins .. . N Ind Pub Serv Co pfd ‘51% 2% N Ind Pub Serv pfd 6% N Ind Pub Serv 7% Pub Serv of Ind 6% Pub Serv of Ind 7% S Ind Gas & Elec 487 Terre Haute Elec Co Union Title A Co nn ie Van Camp Milk Co of.. Van Camp Milk Co com.

(By M. P. Crist & Co.) Market St. Investment Corp. 20.15

BANK STOCKS

Bank of America Bank of Manhattan penkers oF "iy Bank of Y Lrrust en 5] Brooklyn Nrrust .

Commercial

Bmpire ap First National

AAA ISaD Guaranty 2

Moca Irers ; National City N ¥Y Trust ..

Public Title Guarantee 63

NEW YORK STOCKS

By United Press —Te

High Low Lamert 10% 10% Ione "Star Cem. 1204 401 Loose-W Bis 15%

Net Last Change 107% 1a 4012 3a 15% Ya

LE 5

2 LN

227% 3% ag

Ya LA Ys Ye Ys

CHE HE

"EEE

CO] paps Wn 00 bt pt pt CO ON TVD

0 Fee $HHiHE)

Nash-Kelv 7 Nat Biscuit ooo 22% 512 8. h 2 ve 117% . 11% 26

u 19s 87 8 sale Ohio Oil 9 Oliver Farm Eq 212 Otis Elev 18% —Po Pac West oil. 10% 19% - 10%

Park Utah .... 17% 1% Penney BD eee JB a

D Cem 3 . Pail Morris Its. 17-16 13 16 AT “rss Phillips Pet _.. 312 31% ers Pitts Sc & gH > + 8 Public Serv Pure Oil

94 9s 21Y 211, 18%s 18%

Republic Stl... Republci Stl pf Reyn Met cu pf

whulte R ears Roebuck . ilver-King ... immons . Socony- -Yacuum

ok pd pk ek CO bt oJ] bt bt DD VNC Pk pk pk tC

GL pt 2) LD Gd

RRC RCN RRR NR RR NERS

Bond dD ND 01 BIBI

ty tokely Br ... — sunshine Min

WHEAT PRICES SLIP AFTER FIRM START

Indifferent Demand Keeps Corn Tone Easy.

1033

CHICAGO, June 6 (U. P).— Wheat prices eased after a firm opening on the Chicago Board of Trade today. At the end of the first hour of trading wheat was off 4 to 2, corn was off 1. to 3%, and oats were %

lower. Interest in wheat was rather light and some pressure on the market was prompted by the disappointing action of the Winnipeg market. Scattered selling more than erased earlier gains. Outside interest was indifferent and foreign demand was flat due to the holiday abroad.

Situation Bearish

While indications of damage and lessened yields encouraged some buying the general crop situation was still bearish and traders were awaiting further reports from the Southwest and the Government estimate to be issued this week. Receipts of wheat in Chicago today were estimated at 105 cars. Scattered selling in corn through commission houses and indifferent demand kept the tone of prices easy. At lower levels reports that corn is backward due to wet weather had some effect on sentiment. Receipts of corn in Chicago today were estimated at 366 cars.

WAGON WHEAT City grain elevators are paying for No. 2 red, 6lc; other grades on their merits. gash corn, new No. 2 yellow, 49¢c. Oats, ic.

ARGENTINE GRAIN

BUENOS AIRES, June 6 (U. P.).—Grain futures opened steady. Wheat—June 79%zc¢, unchanged: July 80c, unchanged. Corn—June 62'g¢, unchanged; July 583%c, unchanged. Oats—June, 277gc. unchanged. Flax—June, 81.13%, unchanged, $1.13%, unchanged.

RAIL EMPLOYMENT LOWEST SINCE 1920

WASHINGTON, June 6 (U. P.).— The Interstate Commerce Commission had reported today that railway employment declined 9 per cent Siring May to the lowest levels since The Commission said total railway employment amounted to 904,987 persons, a decline April. The figure represents the 12th consecutive month that railway employment has declined. The total of railway employees was 21.57 per cent less than in May, 1937, when 1,153,839 persons drew pay checks from the carriers.

July,

EGG PRICES RISING Times Special WASHINGTON, June 6.—Because of reduced production, eggs are one of the few farm commodities currently rising in price, according to a report today from the Bureau of Agricultural Economics. Chicken prices, however, are expected to decline during the remainder of the year.

LOCAL PRODUCE

15c¢; Leghorn hens, breed broilers, lbs. and Leghorn broilers, hE, Ibs. and bareback broilers,’ 12c: old

roosters. x Iv fresh 0. strictly fresh country run e S, 157z2¢. (Each full case must weigh 55 Bs. ross. A net deduction of 1 or each ull case under 55 lbs. will be Inage). Butter—No. 1, 26l>2@27c 2% 20@ Butterfat—No, pn 2c: "> 20c. (Prices quoted by Wadley é3

FOOD PRICES

CHICAGO, June 6 (U. P.).—Sweet Potatoes—Tennesee, bu. 90c@$1. Carrots— Illinois, bu., $1. Spinach—Illinois, bu., @ 35c. Tomatoes — Texas, lugs, [email protected]. Cauliflower—Californig, crates, $1.75@1. 90. eas — California, nampers, [email protected]. Texas Yellow Bermuct $2.25@4. Onions— exas Yellow Bermudas, [email protected]; Texas White Wax, $1.3

CANADIAN STEEL HEAD DIES HAMILTON, Ontario, June 6 (U. P.) —Charles Seward Wilcox, chairman of the board of the Steel Co. of Canada, died at his home here today. He was 82. Born in PlainsVie, O., he graduated from Yale in 1879.

Heavy breed hens, heavy

24'zc.

“IT'S GREAT TO BE

said Mr. M— as he opened a letter from the

INDIANAPOLIS LIFE INSURANCE COMPANY

carrying his monthly retirement check. He'll get a check the same day EACH MONTH as long as he lives.

Wouldn't you like a similar check when you're 60 or 65? Details are yours for the asking.

INDIANAPOLIS LIFE INSURANCE COMPANY

Edward Raub, President

SELF PENSIONED"—

of 8173 from]

Net Last Change 1834 2's

23 5%

High Low 183: 18% . 2% 2% 23 23 5% 5%

=r 1 me

Juperhtr yheridt oil

a ould” .

£ £ Su £

Texas wo Poy Tide

Toe ¢ By . Timken oF B.. adi

Tri-Con a 20thCent- Fox pf 29

Union B & P . 8Y2

Warner Bros . West Auto Sup West Air Bke .. 18 Westing EI. 7 Wilson & Co

: 3% Woolworth . a 427% oY Young Sheet . 28%: 28%

MOVE FOR UNIFORM BANK EXAMINATIONS

State Supervisors to Effect New System by July 1.

WASHINGTON, June 6 (U. P.).— State bank supervisors, working in co-operation with the Federal Deposit Insurance Corp., moved today to expedite a uniform system of bank examinations in all states. The executive committee of the Association of Supervisors of State Banks met last week at the F. D. I. C’s offices, drafted the program and appointed a subcommittee to put it into effect by July 1. Members of the committee said that they met as an “advisory council” to the F. D. I. C,, in effect, the state banking systems’ counterpart to the Federal Reserve System's advisory council. The various Federal banking agencies, including the Federal Reserve Board, the F. D. I. C. and the controller of the currency, have been striving for more than a month to work out a program for coordination of Federal bank examination activities. But they never have been able to agree. It was believed that when Secretary of the Treasury Henry Morgenthau Jr., reports to President Roosevelt on their efforts, he will present both a majority and minority report.

Security Reserve Sought

Among the uniform supervisory features which the state banking supervisors want adopted in all 48 states are: 1. Clear definitions in examination reports of the classifications of bank loans and assets. 2. Inclusion in reports of a complete list of a bank’s security holding. 3. Penalties for speculative trading by banks in the bond market. 4. Establishment by banks of an adequate reserve against their securities accounts, that is, a portion of profits made in the sale of securities would have to be set aside in a fund to offset depreciation in the value of securities accounts. The subcommittee will meet here June 13 to complete details of the program. Its members include Chairman Gurner P. Hood, bank commissioner of North Carolina; D. W. Bates, supervisor of banks, Iowa; J. D. Bloom, special deputy secretary of banking, Pennsylvania, and William R. White, banking superintendent, New York.

PLANE TO TRAVERSE UNEXPLORED PACIFIC

HONOLULU, T. H, June 6 (U. P.) —Richard Archbold and his crew of five were prepared today to begin a 1990-mile flight to Wake Island over parts of the Pacific that never before have been traversed by a private or commercial airplane. The trip to Wake will be the second leg on the 6000-mile flight from San Diego, Cal., to Hollandia, Dutch New Guinea, where the fliers will aid in an exploration expedition for the American Museum of Natural History. The $250,000 airboat is to take off today.

SAVED FROM GUILLOTINE PARIS, June 6 (U. P.).—President Albert Lebrun has refused to break a 50-year tradition that no woman shall die on the guillotine, it was disclosed today. He commuted to life the death sentence given Josephine Mory who was found guilty of Killing her daughter-in-law.

FREIGHT KILLS MAN BLOOMINGTON, June 6 (U. P)). —Funeral preparations were being made today for George Dewey Hite, 39, stonecutter and planerman, who was Killed yesterday when struck by a freight train a mile south of Stinesville.

WORLD WAR RELIC KILLS ONE

OAKLAND, Cal, June 6 (U. P.). —A three-inch shrapnel shell, a

relic of the World War, exploded in | a backyard bonfire Sunday and]

killed Noel L. Webb, 25. The explosion blew down a shed and scattered shrapnel a block away.

CLIPPER HITS LOG

SEATTLE, June 6 (U. P.).—The Boeing-Pan American Clipper designed for trans-Atlantic service was laid up for repairs today after striking a log during a test run in Puget Sound yesterday. A plate was torn off the right wing.

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

Travel Funds

SUBSTANTIAL SAVING ON GERMAN AND ITALIAN TOURIST CHECKS

PENNSYLVANIA & MARKEY STREETS Member Feders! Deposit insurance Corporation

23 WILL FAGE CITY COURT ON ~| GAMING CHARGE

Four Men Are Held Here As Operators After Police: Raids.

Four men were to face Municipal Judge Charles J. Karabell today on charges of operating gambling houses and 19 others were to be arraigned on charges of visiting gaming houses. Arrested in a raid in the 600 block Massachusetts Ave. by Sergt. Carl Ashley and the vice squad, were Clayton Tate, 36, of 708 E. 9th St. and Rex Page, 28, of 25 W. Michigan St. Tate was charged with keeping a gaming house, selling baseball pool tickets, and violating the 1935

anti-slot machine act. Page was charged with keeping a gaming house and selling ' baseball pool tickets. Eleven others arrested in the raid were charged with visiting a gambling house. In a raid in the first block, N. Pennsylvania St., officers arrested Charles Bourke, 42, and Ray Clifford, 44, of 233 Eastern Ave. both on charges of keeping a gaming house. They also took into custody’ eight others on charges of visiting a gaming house. All were at liberty under bonds. Police said they confiscated a slot machine, three sets of dominoes, baseball tickets and cash in the Massachusetts Ave. raid, and a gaming table and 200 silver dollars in the Pennsylvania St. raid Both raids were made Saturday afternoon.

WORKS BOARD FAGES ESPLANADE PROBLEM

Issue Up to Members, Says Safety President.

Removal of esplanades in Indianapolis street centers is a matter for the Works Board to consider, Theo Dammeyer, Safety Board president, said today. If Police Chief Morrissey recommended removal, the Park Board would pass the recommendation on to the Works Board, which controls the streets, he said. Chief Mor-~ rissey has declared that parkways are safety hazards. If the esplanades were removed, owners of adjoining property would have to pay the entire cost of paving the street centers, since the work would constitute an original improvement. Citizens living near several parkways have asked the Park Board and Works Board to plant flowers in the esplanades. Both Boards have said they have no money for such a project.

CREDITORS CLOSE NEW YORK CHURCH

NEW YORK, June 6 (U. P.).— The city’s oldest English Lutheran church, the St. James, was closed: to worshipers today and in the hands of creditors. At final services yesterday, the Rev. Dr. Charles Trexler, pastor of the brown stone church for the past nine years, told a sorrowful congregation that the institution was unable to meet its mortgage commitments and that it had been taken over by the Emigrant Industrial Savings Bank. Scores of worshippers who belonged to the parish for more than 50 years lingered in their pews after the service, several of them weeping.

THREE YOUTHS DROWNED

DOWAGIAC, Mich. June 6 (U. P.) —The Coroner’s office today returned a verdict of accidental death in the mysterious drowning yesterday of Earl Weist Jr., and Frank Clark of Dowagiac, and Frank Bratek, Chicago, all about 21 years old.

Send for interesting folder on Employers Mutual Plate Glass 1nsy lance

fron

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have caused this crash?

be surprised at the number of common causes of breakage you'll be able to name. After you have done that, you'll agree that Plate Glass Insurance is a necessity

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Insurance Service of EMPLOYERS' MU. TUALS, This is more than ordinary Plate Glass Insurance. EMPLOYERS MUTUAL policyholders have only to phone our office in the even of busiage to gt double-,

EMPLOYERS -

TONIGHT

6:00—Monday Show, CBS. 6:30—Margaret Speaks, WIRE. 7:00—Radio Theater, WFBM. 8:30—Eddie Cantor, WFBM. 8:30—Burns and Allen, WIRE. 8:30—Opera, WGN.

It might not be a bad idea to cancel those engagements tonight and sit by the radio. For big names and interesting doings are promised.

But first, there’s an important event scheduled for tomorrow, even if you won't hear it. A Broadway play, “Susan and God,” is to be televised for the first time in radio history. Gertrude Lawrence and the rest of the original cast will be there for excerpts broadcast by NBC for television sets at 2 p. m.

Exact sets, costumes and properties will be used at Radio City. Rachel Crothers, ‘the play’s author, and John Golden, its producer, also will be present.

Now for the broadcasts: Joan Crawford will be heard as Nora in Ibsen’s “A Doll’s House” on tonight's “Radio Theater” hour. The text will be the Thornton Wilder translation heard hear last winter when Ruth Gordon played the role at English’s. Sam Jaffe, the Krogstad of the English’s production, will have the same role in the broadcast, and Basil Rathbone will play Helmer, the part that Dennis King tetk here. It certainly will be Miss Crawford’s biggest dramatic test to date.

Other famous theatrical names are those of John and Elaine Barrymore, who will be Eddie Cantor guests this evening. At 6 p. m. on NBC-Blue, such successful persons as Gladys Swarthout, opera and radio star, and her singing husband, Frank Chapman; Heywood Broun, Times columnist, ” ” EJ

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ON THE RADIO

and the dance team of Veloz and Yolanda, will tell Cal Tinney of their unfulfilled ambitions on the “If I Had a Chance” program.

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Last summer radio “streamlined” Shakespeare. This season it's apparently going to be opera. Tonight WGN’s Henry Weber and Louis Jakobson will give us a con=densed, modernized version of “Carmen.” The broadcast will be for an hour at 8:30 o'clock on the Chicago station.

The 19-year-old Margie Mayer, “a sensational singing discovery,’ says WGN, will be the Carmen. Others are Attilio Baggiore, Mark Love and Kathryn Witwer.

“We are trying to find a large public for the immortal music of grand opera,” says Mr. Weber, by way of explanation. “But its frame= work must be whipped into palate able shape. (Mr. Weber mixes his own metaphors) for that portion of the public that considers opera an unnatural art form. We believe we can do this by making the story of operas truly dramatic.”

# #" ”

To achieve this end, the collaborators have hired a cast of actors to speak most of the lines. Further, they have eliminated the “thees” and “thous” in the libretto.

For example, in the old familiar version, Carmen's friends warn her of Don Jose's return in true 1890« melodrama style. “He comes here,” says a friend, and Carmen answers: “I am not the woman to fear such as he. I will wait.” And the friend says, “Carmen, be warned, beware!” Tonight it will be: “Carmen—" “What is it?”

“Don Jose is back for you.” “That fool? I'm not afraid of him!”

THIS EVENING

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