Jasper County Democrat, Volume 22, Number 100, Rensselaer, Jasper County, 13 March 1920 — STATE NEWS ITEMS [ARTICLE]

STATE NEWS ITEMS

The Doings of Hoosierdom Reported by Wire. LOSE $50,000 IN EGGS Dealers in Indianapolis Are Forced Into Hands of Receiver When Market Breaks After Decline in Foreign Exchange. Indianapolis, March 12.—A break in the storage egg market caused a loss of more than .$50,000 within the last few months to the Grartt Brothers company, wholesale poultry and egg dealers, according to William Locks, secretary of the company. Oren Hack was appointed receiver for the firm by Judge A. B. Anderson in federal court Monday after creditors had filed a petition that the company be adjudged bankrupt. According to Mr. Locks the company bought large quantities of eggs several months ago at sls a case, or 50 cents a dozen. European exporters were paying cash for large quantities of eggs at prices which were high compared to market prices at that time, and the eggs were placed in storage to await shipment. When foreign exchange declines made it evident to exporters that they be unable to sell abroad at a profit, they unloaded their supplies on the American market. A sharp decline In American prices resulted and dealers and speculators placed their eggs in warehouses to await a rise In the market. They were forced to borrow from banks on their warehouse receipts ln< order to keep their business going. The market continued to decline and the banks, when they saw the security on their loans decreasing in value, began to confiscate the eggs or call In the loan*. The eggs belonging to Grant Brothers were confiscated and sold Sy thebanks at a great loss. *

State Laundrymen Meet. Indianapolis, Marclf 12. —The thing In which the public is most Interested in the laundry business —prices —Is not on the program of the annual convention of the Indiana Laundry Owners’ association, which opened a two days’ session at the Hotel Severin. Next to prices is service and on this feature of the business the association officers say they will put special emphasis. R. W. McClure of . New York city, field secretary of the Laundry Owners’ National association, in a talk on “Service,” recommended inspection parties of housewives. “Invite the women to your laundries,” he said, “and let them see the processes through which their linens go. Before you do this, put your laundry fn tiptop condition and keep it that way.”

K. of C. Work Recorded. Indianapolis, March 12. —Indiana furnished 81 secretaries for Knights of Columbus war work, according to a report received by J. W. Oliver, director of the Indiana Historical commission from William F. Fox. director of the war activities bureau of the organization. Thirty-eight of the men were sent overseas. Mr. Oliver said that the report covers the war activities thoroughly. “A brief sketch has been prepared,” said Mr. Oliver, “covering the war activities engaged in by each man. The date when he entered service, assignments, nature of the work performed, citations and awards received, and the war experiences of all the men are set forth in the records. Also a photograph of every man but one has been received.

Favor “Blue Sky" Law. Indianapolis. March 12. —The necessity of a “blue sky” law in Indiana was shown the Marlon county grand jury in a report submitted to Judge •Tames A. Collins of the cripiinal court. No indictments were returned by the jury, but a recommendation was made that a “blue sky’*—taw be passed by the session of the legislature, and attention was called to the difficulty under present laws of the state to bring charges against persons or firms who are engaged in the sale of questionable stock. Lower Phone Rate Asked. Indianapolis, March 12. —The city of Muncie tiled a petition with the public service commission for a. rehearing of the Central Union Telephone company rate case as it Applies to Muncie. The petition sets out that the rates at Muncie were increased over the Burleson rates, while the rates at Anderson were decreased. Because of poor service the city avers that the Muncie rates should not have been increased over the federal rates. •

Four Flee Fire in Rooming House. Indianapolis. March 12.- —Mr. and Mrs. Fred Hale, their daughter, Thelma Hale, nine years old, and Mrs. Edna Campbell, eighteen years old, all rooming at 310 North New Jersey street, were burned about- the face, arms and body when a fire, believed to have started from an explosion of escaping gas, set fire to the rooming house. The four were sent to the City hospital, where physicians say their condition is not critical. Girl Stabbed by Negro. Indianapolis, March 12. —Vanette Ellis, sixteen years old, a daughter of Norman Ellis, 550 Goodlet avenue, was stabbed under the left shoulder and was kicked several times in the stomach by a negro. The girl, It 18 said, is not seriously wounded.