The Herald-Palladium from Benton Harbor, Michigan • 13

JANUARY: 20, 1938 THE NEWS-PALLADIUM PAGE THIRTEEN STOCKS BONDS PRODUCE GRAIN LIVESTOCK POULTRY -Market Reporte By Associated Press Leased Wire PROFIT TAKING AGAIN CHECKS SHARES RALLY Market Becomes Unsettled; Trading Pace Slow Most Of Session STOCK AVERAGES (Complied by The Ind'ls 30 Net change A.5 Thursday 66.3 Prev. day 65.8 Month ago 64.4 Year ago 98.7 1937-38 high 101.6 1937-38 57.7 1936 high 99.3 1936 low 73.4 Movement in 1932 low 17.5 1929 high 146.9 1927 low 51.6 Associated Press) RB's Ut's Stocks 15 16 60 A.1 A.3 A.3 20.0 33.5 .46,3 19.9 33.2 46.0 21.2 33.6 45.8 40.4 53.7 72.8 49.5 54.0 75.3 18.7 31.6 41.7 43.5 53.7 72.5 30.2 48.4 55.7 Recent Years 8.7 23.9 16.9 153.9 184.3 157.7 95.3 61.8 61.8 BY VICTOR EUBANK (Associated Press Financial Writer) NEW YORK, Jan. 20-Mild rallying efforts in today's stock market failed to follow through generally. With industrials in the lead, recoveries of fractions to a point were widely distributed at the opening. Profit selling, however, later reared its familiar head and the advancing column backed away substantially, Small gains and losses were about even near the fourth hour.

The pace was slow throughout. Short covering by those who thought the market may have been over -sold in recent sessions was believed to have be been contributed to the early comeback gesture. Helpful also was an upward reversal sin rail bonds and better action of major commodities. Ahead the greater part of the daysome slipped subsequently were Bethlehem Steel, National Steel, Gen. eral Motors, Chrysler, U.

S. Rubber, American Can, Westinghouse, Du Pont, Macy, J. 1. Case, International Harvester, Consolidated Edison, Cerro de Pasco, Great Northern, Union Pacific and Eastman Kodak. Homestake Hits New High Homestake made another new top with a gain of more than 2.

Other gold mining stocks were narrow. Lacking vigor were. U. 8. Steel, Douglas Aircraft, Boeing, General Electric, N.

Y. Central, Pennsylvania, Johns-Manville, Anaconda, Kennecott and American Telephone, Coppers, although not weak, marked time as producers reduced their price to cents a pound, the quotation at which smelters had been operating. The latter subsequently lowered their rate to cents. Some thought the revision was constructive in that consumers who have been holding off may be induced to come into the market, The automotive department had the benefit of General Motors' decision to put out Diesel engines in a large way, and the prediction of General Manager M. M.

Gilman of Packard that no serious slump for motor makers was in the offing. Curb Shares Advance NEW YORK, Jan. Utility shares attracted renewed buying on the curb exchange today and gains of fractions to about a point here scored by leaders of the group in quiet trading. Most industrials also pointed higher sell-off earlier in the week. Small buying orders were sufficient to lift prices while traders wainted for more decisive indications of the direction of federal policies and business.

Prominent in the advance in the second hour were American Gas Electric, Electric Bond Share, American Cyanamid Lake Shore Mines, Pan -American Airways and United Gas. Babcock Wilcox Jumped 3 on small transactions. Carrier Bonds Rally NEW YORK, Jan. severe new year decline in railroad bonds was interrupted today by, a moderate rally. Improvement in the rail list seemed to have beneficial effect on other sections and prices moved generally higher.

Toward midday gains running from fractions to more than 2 points were recorded in Erie First 4s and General Lien 4s, Illinois Central 4s, Allegheny 58 of 1949, Baltimore Ohio convertible New York Central 58, Southern Railway 4s and Maine Central Also a little higher were Armour of Delaware 45, Youngstown Sheet Tube and Bethlehem Steel A few rails were lower. Galveston, Houston Henderson rarely traded issue, dropped 30 points to 60 as five bonds changed hands. New York, Chicago St. Louis 68 of 1988 were off more than one and Northern Pacific 5s of 2047, series off at one time. U.

8. government loans mostly went ahead a little, TODAY'S LOCAL PRODUCE PRICE Courtesy Crowhurst Cream Station The prices being paid today for commodities delivered were: Eggs, 12 cents per pound, heavy hens 18 cents a pound, Leghorn hens, 13 cents a pound; heavy springers 18 cents a pound; light springers 15 cents a pound. Ducks, 16 cents: a Geese, cents a pound. Turkeys, 20 cents a pound. gan Bean Shippers association Thursday paying prices to growers handpicked pea beans 2.70 per handpicked red kidneys likht or dark 3.25; handpicked yelloweyes 3.50; choice recleaned cranberries light 4.00, dark, 3.50; The krone is the monetary unit of Norway and Denmark.

BEANS SAGINAW, Jan. 20-Michi- 1:30 P. M. Stock Prices NEW YORK STOCKS 1:30 P. M.

Prices Thursday, Jan, 20, 1988 (By Associated Press) Adams Exp Air Reduction Alaska Juneau Alleghany Corp Allis Ch Mig Amal Leather 0 Am Can Am For Pow $6 PL Am $5 Pr Am Rad St 8. Am Roll Mill Am Smelt Am StI Firs Am Tel Tel Am Tob 69 Am Wat Wks Am Zinc 8. Anaconda Arm Ill Arm Ill Pr PI 70 Atch 38 Atl Refining 21 Auburn Auto Aviation Corp Baldwin Loco Ot Balt Ohio Barnsdall Oil 15 Bendix Aviat Beth Steel 62 Bohn Al Brass 29 Borden Co Borg Warner Briggs Mfg 25 Budd Wheel 5 Burr Add Mach Butler Bros Callahan Z-Lead Calumet Hec Can Dry Ale Canad Pacific Case (J. Co. 96 Celanese Corp.

Cerro De Pas Checker Cab Ches Ohio Chi N. West Chi Mt. StP, P. Pf. Chi Rk Is Chrysler Corp.

Collins Alk 26 Col. Fuel Iron 18. Colum El Coml Invest Tr Com Solvents Comwith South Congoleum-Nairn 231 Consol Oil Container Corp 16 Cont Can 42 Cont Motors Corn Products Crucible Steel 40 Curtiss- Wright 5 Detroit Edison ..102 Dome Mines Dow Chemical Du Pont De .117 Eastman Kodak El Auto Lite El Power Lt. 12 Erie R. R.

Fed. Motor Truck Fed Screw Works Firestone T. de R. Freeport Sulph Gen Electric Gen. Foods Gen.

Motors Gen. Ry, Signal 24 Gillette Saf 10 Goodrich (B. Goodyear T. R. -Paige Mot.

Grant (W. Gt. Nor. Iron Ore Ct. Gt.

Northern Ry. Pf. Hercules Powder 55 Holland Furn, 21 Houd-Hershey 11 Howe Sound Hudson Motor Illinois Central Inspiration Copper Int. Harvester 66 Int. Hydro-Elec A.

Int. Nick Can Int. Tel, Tel. Interst. Dept, Stores Johns-Manville.

Kennecott Cop. 39 Kresge (8. 8.) 18 Libby O. F. Glass Liggett Myers B.

Loew's Inc. Ludlum Steel 193 Mack Trucks Marshall Field Masonite Corp 34 Miami Copper Mid-Cont. Pet. 21 Mo-Kan-Texas Montgom. Ward Mother Lode C.

M. Mueller Brass Murray Corp -Kelvinator Nat Biscuit 20 Nat Cash Reg Nat Dairy Pr Pow Lt Natl Steel 60 Central Shipbuilding 10 North Amer Co Northern Pacific Ohio Oil Otis Elevator Otis Steel 11 Packard Motor Param Pictures Parke Davis Patino Mines 11 Penney (J C) 71 Penn Phelps Dodge Phillips Pet Pillsbury Flour Procter Gamb 50 Public Service Pullman Pure Oil Radio Corp of Am Radio-Keith-Orph Reming Rand 14 Repub Steel Reynolds Spring Reynolds Tob St Joseph Lead Stl-San Fran Schulte Ret Stores Shell Sears Union Roebuck Oil Simmons Co Skelly Oil 29 Socony- Vacuum Sou Cal Edison Southern Pacific Southern Ry Southern Ry Pl Sparks Withington Sperry Corp Stand Brands Stand Com Tob Stand Gas de Stand Oil Cal Stand Oil Ind: Stand Oil Stewart- Warner Studebaker Corp Swift Co 18 Texas Corp Texas Gulf Sulph Tex. Pac 0. Timken Det Axle 13 Timken Roll 45 Transamerica Underwood-Ell Union Carbide Union Oil Cal Union Pacific United Aircraft United Corp United Gas Imp 8 Rubber Smelt Steel Util Pow Lt A 1 Vanadium Corp Warner Bros. West Maryland West Union Tel 26 Westingh Air Br 25 West El Mfg White Motor Woolworth (F W) Worthington Yellow Tr Coach Young Spg Youngst Sh 41 Barber Co Consolidated Edison 23 Lone Star Cement PRODUCE DETROIT, Jan.

20 -(USDA) -Trading was slow on most items at the terminals this morning. Apples: Mich. bu. baskets and eastern crates US. No.

1 Spys and delicious 1.50; McIntosh Wageners 65-85, poorer low as Jonathans and Snows 75-85, some Snows low as 50; Winter Bananas 75-85. Lettuce: Mich, Ohio 10 lb. baskets hothouse 45-50. Mushrooms: Mich. Ohio lb.

cartons 25-26; pints Potatoes: 100 lb. sacks. Mich. Russet Rurals US. No.

1 1.05-1.10; Commercials 1.00, Rhubarb: Mich, 5 lb. cartons fancy choice LIVESTOCK DETROIT, Jan. 20- Cattle 50; market steady; good to choice light yearlings 7.50-9.00; best heavy steers 7.50- 9.00; fair to good heavy steers 6.75- 7.50; mixed steers and heifers 6.00- 6.75; best cows 5.25-5.75; fair to good cowS 5.00-5.25; cutters 4.25-5.00; canners 3.75-4.25; butcher bulls 6.00-6.50; bologna bulls 6.25-6.75; stock bulls 5.00-6.00; feeders 5.00-7.50; stockers 5.00-7.50; milkers and springers 40.00- 75.00. Veal calves 400; market steady; best 12.50; fair to good 10.00-12.00; common grades 5.00-7.50, Sheep and lambs 2000; market prospects bidding lower no early sales, Hogs- 900; market prospects steady; mixed hogs 9.35. CHICAGO, Jan.

20-(U. 8. Dept. Agr.) -Hogs 23,000 including 6,000 direct; steady to 10 higher than Wednesday's average; bulk good and choice 150-200 lbs. 8.40-65; practical top 8.65; small lot 8.75; most 210-250 lbs.

7.75-8.40; 260-300 Ibs. 7.25.65; good medium weight and heavy sows 6.40-65; few light weights to 6.75 and better. Cattle calves weak on medium to good grade steers; few loads strictly good and choice offerings about steady to shippers and other buyers; trade very slow; largely steer and heifer run; weighty heifers 10-15 lower; light kinds scaling under 750 Ibs. steady; cows steady to weak; bulls strong; vealers steady at 11.00 down, practical top weighty sausage bulls 6.75; too many weighty heifers in run following liberal receipts earli. er in week; local demand for steers narrow.

Sheep 16,000 including 2,000 direct; market very slow; early indications around 25 lower; most bids on occasional bids on strictly choice kinds 8.10; holding best kinds around 8.25; nothing done on sheep, DETROIT STOCKS DETROIT, Jan. 20-Noon prices: Baldwin Rubber Chrysler Motors Edison .103 Detroit Gray Iron Fdy. Detroit Mich. Stove General Motors Hall Lamp Graham Paige Mtrs Hudson Motor Hurd Lock Kingston Prod McClanahan Refln Murray Corp Packard Motors Peninsular Metal Prod 3 Pfelffer Brew 6 Standard Tube Timken Detroit Axle PI ........107 Tom Moore Dist Universal Cooler A 5 Universal Cooler Warner Air Corp POULTRY 23 trucks, a steady, Leghorn hens CHICAGO, Jan. 20-Poultry, live, springs, less than Plymouth Rock 221; other prices unchanged.

Dressed market steady, prices unchanged. DETROIT, Jan, 20-Poultry market unsettled. Hens and pullets up to 5 Ibs. 23; hens over 5 lbs. 21; Leghorn hens 3 lbs.

up 18; cocks 12-14; Rock springers 24; Rock broilers 24; Leghorn springers 18; stags 20; young tom turkeys 20; young hen turkeys 24; old toms 18; geese 19; ducks, white 5. lbs. up 20; capons 7 Ibs. up 27; under 7 lbs. 24; slips 24; rabbits 16; pigeons 1.25 a dosen.

BONDS NEW YORK, Jan. 20-U. S. gov't bonds 1:30 p. m.

prices: Treasury; 43-40 June 106.10; 43-41 Mch. 107.12; 45-43 108.6; 46-44 107.31; 45, 54-44 113.11; 47-45 104.29; $5, 48-46 106.26; 51-48 102.27; 53-49 100.6; 54-51 101.30; 35, 55-51 104- 28; 00-55 102.21; 59-56 101.20. Federal Farm 47-42 103.11 Home Owners' Loan; 44-42 102.2; 35 52-44 104.11. SILVER NEW YORK, Jan. 20-Bar sliver unchanged WHEAT FIRM.

PRICE GAINS ARE RECORDED Important Increase In Export Trade Gives Market Upward Trend CHICAGO, Jan. 20 Grain closing: WHEATMay July Sept. CORNMay July Sept. OATS May BOY BEANS May 1.05 July 1.04% RYE May July .70 Sept. A LARD Jan.

8.30 March 8.97 May 9.17 July 9.25 BELLIESMay 11.25 BY JOHN P. BOUGHAN (Associated Press Market Editor) CHICAGO, Jan. 20 -Wheat scored maximum gains of cents in Chicago today, stimulated by enlarged export, business in North American wheat and disappointment over modsture scantiness southwest. Between 500,000 and 750,000 bushels of wheat from North America was bought today for shipment to Europe. The basis for No.

2 red wheat here was advanced in some cases 2 cents bushel. Despite last minute reactions, Chicago wheat futures closed above yesterday's finish, May July corn up, May July and oats advanced. LOCAL MAN JAILED FOR DEATH THREAT Harvey Adcock, 41, of Benton Harbor Route 2, is in the Berrien county jail, accused of threatening to kill man. Ernest Wolverton of Bainbridge, whom he allegedly assaulted, claims. Adoock very nearly carried out his threat, too.

State Police arrested Adcock, arraigning him in Justice Clarence Butler's court this afternoon on charges of assault with intent to do great bodily harm, Wolverton appeared as complaining witness, his head bandaged to cover scalp wounds incurred in the fracas Wednesdey on his farm south of Watervliet. He said Adcock banged his head into the corner of a feed box, near 8 shaft, and threatened to kill him. But for the intervention of Wolverton's 12-year-old daughter, he told the police that Adcock might have accomplished his intention. Adoock will remain in jail until he can raise $1,000 bond to effect a release. His hearing is scheduled for next Tuesday morning, January 25, at 10 o'clock before Justice Butler, Wolverton, a former Keeler farmer and one-time Capitol police officer in Washington by George appointment of ex-Congressman Foulkes Hartford, expressed himself as reliev.

ed that Adcock was locked up. Atty. Bert Moody appeared for Adcock. U.S. TREASURY STATEMENT WASHINGTON, Jan.

20-The position of the Treasury on January 18: Receipts, expenditures, balance, 097.69; cutoms receipts for the month, $14,911,201.97. Receipts for the fiscal year (since July 1), expenditures, $4,190,858,340.40, including 606.45 of emergency expenditures; excess of expenditures gross debt, $37,408,860,336.41, an increase of $2,691,185.28 above the previous day; gold assets, 141.40, including $1,222,969,520.11 of inactive gold. GRAINS DETROIT, Jan. 20 Grain closing: Wheat, No. 1 red 1.04; corn, No.

2 yellow 62; No. 3 yellow 61; oats 38-41; rye, No. 2 94; barley, malting 77-84; barley, feeding 69. TOLEDO, Jan. 20-Grain closing: Wheat 102-103; corn oats rye 87-88.

BUTTER DETROIT, Jan. 20-Butter Eggs, current receipts dirts checks CHICAGO, Jan. 20-Butter, 601,345, firm; creamery-extra firsts (90-91 score) firsts (88-89) standards (90 centralized carlots) Eggs, 9,871, firm, prices changed. POTATOES CHICAGO, Jan. 20- (US.

Dept. 74, on track $02, total US shipments 750; supplies liberal; old stock, dull and slightly weaker, demand slow; new stock about steady, demand very light; sacked per cwt. Idaho Russet Burbanks US. No. 1, 1.30-35; Colorado Red McClures US.

No. 1, 1.35-50: Minnesota cobblers US. commercials 1.021; new stock, bu. crates, Florida Bliss Triumphs US. No.

1 2.10 a crate. GREENVILLE, Jan. 20-Potatoes weak; demand light and deliveries heavy. Shippers paying growera cwt, for U. S.

No. 1. Forbes Sees Disaster If Holding Companies Banned BY B. C. FORBES What not to do is sometimes as important as what to do.

Several business leaders, hailed before senatorial quizzers had the question fired at them: "What would you have the government do?" Most of them preferred to stick to testifying about their own corporation affairs. The impression some they had no gave was that ideas, no suggestions concerning helpful action by Washington. FORBES Although they feel more or less tongue-tied when confronted by federal probers, there is hardly one responsible man' of atfairs who does not have very definite opinions as to how the government, particularly President Roosevelt, should act. Banker Aldrich and one or two other testiflers did enumerate some of the things business favors: modification of the capital gains tax, repeal or modification of the tax on undistributed corporation earnings, corrections of the admittedly faulty handling of the vast sums collected under the social security act, governmental economies with a view to progressing towards a balanced budget, recasting of the -sided national labor law, restudy of the SEC, adoption of an equitable policy toward the public utility industry, and, above all, clarification of the administration's general policy affecting our whole economic system. President Roosevelt has given one shining new example of what not to do: His dropping of.

the bombshell aimed at all holding companies. Curiously, this declaration has excited relatively little apprehension. "He does not mean it," is the pith of 8 frequent comment privately and in print. The disconcerting truth, however, is that he does mean it. A most trustworthy man confided to me many months ago that President Roosevelt had expounded to him sentiments exactly along the lines he talked in his press conference last week and this.

The President last year declared that he Was opposed unequivocally, company, corporation, banking interests, any institutional group whatsoever- owning or controlling or operating enterprises located in two or more different parts of the country. From other statements made to me by visitors to the White House regarding Mr. Roosevelt's apparent, lack of grasp of industrial, economic, financial fundamentals, I wonder whether our chief executive realizes the part played in our whole modern scheme of things by holding companies. Holding companies are not confined to the utility industry or to railroading, not by any means. With rare exceptions, our towering industrial organizations, the ones that have piloted America to the forefront of world leadership are holding companies.

A few examples: General Electric, General Motors, United States Steel, Standard Oil of New Jersey, Anaconda, Bethlehem Steel, Texas Corporation, Standard Oil of California, International Harvester, Armours, Allied Chemical, Du Pont, Ford. Is it conceivable that either thoughtful citizens or federal lawmakers would indorse wholesale warfare against our largest employmentgiving enterprises with a view to splitting them into little bits? Is it conceivable that any such warfare could be waged "successfully" without precipitating a panic which, by contrast, would make our last. one seem to have been a mild zephyr? Yet, here is the official head of the whole nation lightly proclaiming that he intends to attack and abolish all, holding companies, good or bad or indifferent, lock, stock and barrel. In his next breath President Roosevelt assures the men Alling the most responsible business positions in the land that they have "nothing to fear!" Copyright, 1938, by B. C.

Forbes.) Obituary J. DESENBERG, LAWTON, DIES Rites For Lawton Merchant Friday At 1 P. M. From Late Residence LAWTON, Jan. 20 -Funeral services for the late Julius Desenberg, 67, Lawton merchant who died Wednesday at his home here, will be conducted Friday afternoon at 1 o'clock from the residence by the Rabbi Philip Waterman of Grand Rapids.

Interment will be made in Oak Hill Abbey mausoleum in Battle Creek. A lifelong resident of Van Buren county, Mr. Desenberg was born March 11, 1870, the son of a pioneer Lawton merchant, J. Desenberg and Johanna Desenberg. Upon graduation from Lawton high school in 1887, he entered the mercantile business of L.

Stern later assuming management. Dr. Desenberg also was interested in Lawton's grape industry, buying and selling. He was directly responsible for the Armour grape juice factory at Mattawan, selling the original small plant which was replaced by a larger factory, now by the Welch Grape Juice company. He leaves the former Mattie Van Praagh of Battle Creek to whom he was married in 1903, and one son, Benjamin, of Lawton; also sister, Mrs.

Sig Desenberg of Buchanan; and one brother, Harry, of Detroit. Two daughters preceded him in death. MRS. MARY LABASSE, FORMER RIVERSIDE RESIDENT, DIES Mrs. Mary LaBasse, who for more than 30 years lived on a farm a mile southwest of Riverside, died late Wednesday at the home of her brother, Joseph Lecoq, of 2247 West Chicago avenue, Chicago.

She was 70. After spending many years of her life near Riverside she was obliged by ill health last July to sell her farm and move to the home of her brother in Chicago. She was born in Belgium, returning there for a visit six years ago, but came to America in her youth. After living several years in Chicago she came to Riverside. She leaves several nieces and nephews in Berrien county, and many friends.

Requiem high mass will be sung at St. John Berchman Catholic church on Logan boulevard, Chicago, Saturday at 9:30 a. m. Chicago time. FATHER OF LOCAL WOMAN DIES IN DOW AGIAC HOME DOWAGIAO, Jan.

20-Puneral services will be conducted Friday at St. John's Evangelical Lutheran church here for John Wenglarski, 73, well known Dowagiac resident for 30 years, who died yesterday after three Illness. Rev. W. W.

Westendorf will officlate in services. Mr. Wenglarski was born in Germany Jan, 11, 1865, and was a teacher in Poland 22 years. He came with his family to Dowagiac direct from POland. Surviving are his widow, Bertha; six children: a daughter in Germany, Paul, Albert and Leonard Wenglarski of Dowagiac, Mrs.

Emil Patzer of St. Joseph and Mrs. Les Williams of Detroit. There survive also 12 grandchildren. ELKS REVUE TUNEFUL, GAY (Continued From Page One) stage pictures, notable among which are the dance of the Steel Robots, the Fashion Page, the Music page, and the Magazine page.

An old-fashioned "meller-dramer," called "Do You Remember 50 Years Ago Today," proved more mellow than drama, and was one of the funniest of. the comedy numbers introduced during the program. Several clever dance numbers and musical selections were mixed through, bits. the program between the Included in the cast were Anita Gray, Lois Reaves, June Tauner, Dolores Lamb, Mary Jean Cunningham, Norma aPngborn, Helen Benefield, Jean Heller, Norma Dugdale, Alice Merrill, Virginia White, Wilma Gunn, Ethel Chaddock, Martha Farwell, Jane Williams, Wilma Slenker, Jean Beach, Jane Foley, Betty Reep, Bette Archer, Ann Ferrier, Ruth Hammond, Virginia Lee Doster, Gerry Antes, Winifred Lerch, Ada Belle Ward, Billie Chaddock, Natalie Archer, Agnes Phares, Marian Bakeman, and Dorothy Behlan. Also in the production were Vernon Shoff, Charles Sullivan, Dick Allerton, Dave Huizenga, Dick Gardner, Arthur Rutz, Grosfield, John Kinney, Catheryn Dwan, Betty Leiby, Marian Forburger, William Allen, Bill Sandel, Irving Gelder, Thomas Meehan, C.

J. Braamse, Webster Sterling, Martha Farwell, John Null, Frances Meehan, Mary Jane Bell, Jane Sterling, Sally Peaslee, Josephine Mays, Betty Gilbert, Pete Lovell, Jane Foley, Bobbie Chaddock, Joe Carver, Ernie Bower, Fred Null, Mary Sullivan, Mary Jeanne King, Margaret Stelmle, Florence Saltaman, Janet Royer, Mrs. Stanley Jacobs, Malkowske, and tiny Dona Margaret Martin. Having a part in the production also were Tom Hammond, Ernest Claude Allkins, Dave Allerton, Bill Russell, Gene O'Leary, To Green, Grover Lillie, George Chaddock, Dean Tonneller, John Platts, Robert Allerton, Emerson Warren, Claire Handy, Bob Tibbits, and Jeanette Howorth. Some Surprises Miss Thelma Toland was pianist for the rehearsals and the show, and Franklyn Wiltse, of the St.

Joseph high school department, was in charge of orchestrations. The production was not without surprises. The entire school band marched down the aisle and the basketball team conducted passing practice on the stage as a part of the sport page feature. REED IS BACKED FOR JUSTICE BY SENATE GROUP (Continued From Page One) the RFO, Cummings said. "It is a great personal satisfaction that he has been nominated for the supreme court," Cummings said.

He said Reed's services with the Justice department as solicitor general "were highest type." When the attorney general finished, Logan told the committee he wished "to testify in behalf of Mr. Reed myself." Describing Reed as a "clean, highclass Christian gentleman," Logan added: "Kentucky never has produced finer lawyer than Stanley Reed." The name of Robert H. Jackson bobbed up in speculation over Reed's possible successor as solicitor general. Jackson, now head of the Justice department's anti-trust division, has been a leader in the administration's campaign aginst monopolies. He received mention as a possible candidate for governor of New York.

An informed official hinted that Cummnigs has narrowed his choice for the solicitor generalship to one man. In addition, those mentioned 88 possibilities include Golden W. Bell, assistant solicitor general; Brien McMahon, chief of the Justice department's criminal division, and Donald Richberg, former NRA administrator. PROSECUTING ATTORNEY IS OPERATED ON (Continued From Page One) where after a consultation it was decided to operate. Mr.

Westin came through the operation excellently and his speedy recovery is expected. The prosecutor's wife, who has been in Florida, was notified by telegraph and is enroute home today. Mr. Westin's mother, Mrs. Andrew Westin, formerly of Newberry, of Benton Harbor, and Assistant Prosecutor Robert Small were at Mercy hospital when Mr.

Westin was taken to the operating room. During the prosecutor's convalescense his assistant will have charge of the office and carry on with pending cases. MRS. DAVID MOREY, 40, SUCCUMBS IN S. HAVEN HOSPITAL SOUTH HAVEN, Jan.

20- The death of Mrs. Inez Morey, 40, wife of David Morey, 252 Park avenue, occurred at 2 p. m. Wednesday in Penoyar Memorial hospital where she was removed two weeks ago suffering from asthma. Death was ascribed to heart ailment.

She leaves only her husband. Funeral services will be held Sunday at 2 p. m. from the Calvin mortuary. The Rev.

L. E. Tenhopen will officiate. Burial will be in Lakeview cemetery. Leather goods kept in a warm, damp and dark place will mildew, TEMPERATURES Stations and Temperate Alpena Buffalo Chicago Cleveland Detroit Duluth Grand Rapids Green Bay Kansas City Los Angeles Ludington Miami Milwaukee P.

Montreal New York Port Arthur Sault Ste. Marie Winnipeg Washington 20 -14 -18 Maximum 78 degrees at Texas; minimum 18 degrees below Winnipeg, Man. Weather (By Associated Press) EAST LANSING, Jan. distribution has assumed better ford than that of yesterday. The eastern high was drifting southward over the middle Atlantic states, and a small high overlies the north -central hourdary, while an extensive low covered the southwest.

Temperatures have moderated from Upper Michigan and Lake Michigan eastward to New Eng land and southwestward to but a sharp reaction to colder noted along the north -central border, 18 degrees below zero at Winnipeg Light to moderate rain has occurred in the far west and some snow around Lake Superior, Thick smoke Was TO ported from Lake Erie souttieastward to Maryland, and considerable tog to the interior of the south and also along the northwest border. Overcast skies will continue in this vicinity tonight and tomorrow with light snow or rain. It will not be quite so cold tonight. GO GOVERNMENT AND BUSINESS TO CO-OPERATE FRANK E. BOONE, WELL KNOWN B.

H. RESIDENT, DIES ning twin Frank cities following E. for Boone, a 40 long years, a died resident sickness last at of eve- the the home of his sister, Mrs. Cynthia Morgan, of 458 Vineyard avenue. He WAS 52.

Mr. Boone was born October 24, 1885 at Snowhill, but was brought to the twin cities with his parents when boy. Years ago he was engaged in the furniture business and also operated a stove shop. Besides his sister he leaves two brothers, J. W.

Boone, of Muncie, and E. H. Boone, who lives on Broadway, Benton Harbor. He also leaves four sons, Berthol and Robert, of Benton Harbor, and Bertine and Edgar, of Battle Creek, four daughters, Alzina, Edwina and Martha, all of Benton Harbor, and Frankie, of Kalamazoo. Funeral services will be held Friday at 2 o'clock at the E.

church with the Rev. E. B. Williams in charge. Burial will take place in Crystal Springs cemetery.

The body will remain at the Robbins funeral home on Fair avenue until noon Friday after which it will lie in state at the church. The casket will be closed during the service. PAY LAST RESPECTS TO LUCY DAIGNEAU AT FUNERAL RITES Funeral services for Mrs. Lucy W. Daignesu, widow of C.

L. Daigneau, were conducted this afternoon at 2 o'clock in the Dean mortuary. The Rev. John G. Koehler, First Baptist church, officiated.

Mrs. Willam Ackenhausen sang "Beautiful Isle of Somewhere," and "City Four Square," Mrs. H. W. Fowler was organist.

Casket bearers were: E. S. Small, John Stonecliffe, O. Lowden, C. K.

White, Samuel Thurston and John DeMack. Burial Was in Crystal Springs cemetery. ROSA SPARLING, 79, OF BUCHANAN DIES; SERVICES FRIDAY BUCHANAN, Jan, 30--Funeral services will be conducted here at 2 o'clock Friday afternoon for Mrs. Rosa E. Sparling, 79, who died at her home five miles north of Buchanan late Wednesday night, The services will be held from the Swem funeral home with the Rev.

Thomas Rice of the Methodist church officiating. Burial will be in Oakwood cemetery. Mrs. Sparling was ill for seven weeks. She was born on March 10, 1858, in Ilinois, and was married to William Sparling on March 10, 1885.

Mr. Sparling died in 1934. The family has lived in this vicinity for over 50 years. Mrs. Sparling is survived by one daughter, Mrs.

Ruth Swank, of New Carlisle, and three sons, Robert L. and Delos, at home, and James P. Sparling, of Three Oaks. Foster Rites Saturday GALIEN, Jan. 20-Funeral services will be conducted Saturday at 1:30 p.

m. at the farm home a mile west of here and at 2 o'clock in the Latter Day Saints church for Thomas D. Foster, 67, who Wednesday following several weeks' illness of pneumonia. Elder J. W.

McKnight will officiate. Burial will be at Rolling Prairie, Ind. (Continued From Page One) ment in private industry, and that continual study of this problem representatives of industry, labor and agriculture "In co-operation with the government" is needed. Recommendations of the council. together with comments by the Prentdent, included: 1.

Stimulate the flow of private Ital by modifying the undistributed profits and capital gains taxes (which Congress is already working on) and by giving investors "reassurance as to the direction reform is to take." The president urged new machinery for selling securities to small investor. 2. Make peace with the utilities by eliminating fear of governinent competition and eliminating abuses with out crippling the whole industry. Mr. Roosevelt replied his quarrel was with only 15 per cent of the utility in dustry.

Infiation Fear 3. Do not cheapen the dollar adopt "pump priming" expenditures. This supposedly was aproved by the President in giving general approval to the whole council statement. 4. Limit the campaign for elimination of holding companies to the unnecessary and undesirable ones, not all of them.

The President said some holding companies are necessary for mass efficiency and are in the publia interest. 5. Modernize the anti-trust laws but legalize the desirable, type of eration which was part of NRA. The President generally agreed. 6.

Postpone wages and hours legis lation for further study of methods of accomplishing this purpose by the business and labor leaders who have experience on the question through NRA work. Mr. Roosevelt approved the study idea but said he hoped it would not prevent legislation at the current session of Congress. 7. Make labor assume the respor sibility that goes with privileges, The President said he favored getting unions, by general consent instead of by law, to make publio their income and expenditures.

It was reported some of the White House callers conferred during the evening with J. P. Morgan, New Tori financier, who stopped in the capital during a journey south. The council decided to continue private deliberations today, but Harriman indicated no further statement would be made. The with President's next group meeting business men will bring the heads of the major automobile mamt facturing and financing companies the White House tomorrow, Jolly 10 Club.

Meets MILLBURG, Jan, 20- The Jolly Ten club met Wednesday evening as the home of Mrs. C. E. Dowe. Games with were the diversion of the evening.

prises going to Mrs. William Fricke, Mrs. Milton: Senburg. Howard Wakefield, Mra. Clinton ter and Mrs.

Raymond Krieger, Peter Grenewitald, 600 Highland avenue, will entetain the club at the next meeting on February 9 Attends Sick Sister GLENN, Jan. 20-- Mrs. Tony Walker is her in Kalamazoo in upon sister, Mrs. Harold Louden, pho underwent a major operation in Eter son Methodist Benton Harbor's el reliable junk scrap iron, $8.00 rags, 1 cent magazines, newspape M. Mindel 319 Eighth St..