Journal and Courier from Lafayette, Indiana on June 2, 1934 · 11
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Journal and Courier from Lafayette, Indiana · 11

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Lafayette, Indiana
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Saturday, June 2, 1934
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11
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Saturday Evening, June 2, 1934 LAFAYETTE JOURNAL AND COURIER 11 THE MARKETS TODAY Chicago Grain (Furnished by Umnm Brus. A Co.) Art- IOpcn!HigU Low Clos;cios cles Price;PricePrles'jn 2Jn I WHEAT I July 1"I liojiil ? ioit Sort 102i103Hi 89 102 Vrr. ...... 104V 105Vi 109 101 10Hj CORN' i July S 59 55't iSK Srt 6J ST 4JT S0' t- OATS Julv 4h 45H 431 43'4 pt 4H 4 I I 43S 4S Per. 14 47 4 ;, 44, 47',, RYE- I I July " H Ts 62 5 Sept 54 i 64 62, 63 i 6S'.J LARD July 40i ..... i i- 6 52 Sept S 67! S S SO Dee. .. 6 87 7 03 CHICAGO, June 2. (API Collapses of wheat prices today plungetl the market down to morn than 8o a bushel Under yesterday's high point. Pome moisture relief for drought ter ritory northwest .together with prospects of additional downpour, carried rh wheat market down rapidly. In the nd. no delivery of wheat was much above J1.00 a bushel. Wheat closed flurried, 34'ie below ve?terday' finish; July. 9Sf 9S.c: corn. 3'(,c down; oats. 1 1, '4 - hi o off. and provisions unchanged to a setback of 15c. EART.Y MARKET ACTJON CHICAGO, June 2. (AP) Sharp ae-harks In ftraln prices early today follower1 an Irregular rtart. Liberal rains reported in t'anada had a pronounced bearish Influence. Opening -at c decline to T4o advance, July, $1.02 "5 1.03. wheat afterward underwent a oulck tumble all around. Corn started unchanged to l'ic hlffher. and subsequently suffered a general fall. In a storm of stop-loss selling, wheat values crashed soon to below J1.00 a bushel for July delivery, and then fn rapid succession for SeptenTer also. The breaks In prices carried July later to under 98rj ,an overnight loss of more than 4c. Changes of a cent a minute In blackboard quotations were frequent, with trading on a big scale. A reason for the stampede to sell what was that weather Indications pointed to likelihood of Canadian rains spreading Into droueht stricken reirlona south of the International boundary. Such a development would mean at least some relief to domestic flprlns; what crops which have been acutely distressed Adding to the downward Impetus of the wheat market were advices of good rains In Idaho and Montana. It was noted th moisture area appeared to be movln? toward the wheat belts of th Oakotas and Minnesota. Rallies which at times lifted wheat valu-.i to above J1.00 for all deliveries were based la reel v on statements by a leading trade authority that the United states farm stocks of wheat had been officialiv overestimated at least 35,-tino nno ' bushels. He declared that current suerestions from Washington that th I'niied States would have, a. wheat carryover of ;50,li'-0f" bushels July 1 were therefore r.S.onn.fno bushels too large, and that 'Washington suggested forecasts on domestic requirements of wheat were likewise out of line, ludged by past experience. In view of chances of further shrinkage of current crop production, he assorted it to be easily possible that at the end of the next crop year, the United States would possess wheat stocks below the margin of national safety. Corn and oats chiefly trailed after wheat. Car lots today: Wheat. 7 cars, with 4 of contract grade; last year, 8 cars, '"prn. 44 cars. with 35 of contract grade; last year. 229 cars. Oats, 17 car., with 10 of contract grade; last year. 23 cars. Cars estimated today: Wheat, 13 cars; corn. 75 cars; oats, 3t cars. (!"?., receipts, 11,000; steady; top, $1.73. SLASH GRASSY HOGS LOCALLY Grassy hog were slashed to the quick Saturday at the Lafayette Union stockyards, when a full 25c was taken from their quotations; solid hogs remained fully fteady. Despite the decline to thin kinds, they were almost impossible to sell at any price. The spread on them was alo widened. Other markets reported similar conditions. For the week, the trade was firm on quality kinds. Cattle were slow and .iust steady Saturday, with grassers goitiic at weak levels. Corn-fed bepf found ready outlets among all buyer,. Bulls sold at 53.01 dorvn. with a few extra fan-y kinds slightly higher. For the week, drv lot beef waa steady, but cows, thin heifers were 1 5 'a 50c lower, and bull" somewhat lower. Calves remained steady to strong at 4.50, and order buyers cleared the pens of the moderate Saturday run. Sorts continued lenient, making for a firm market with Friday's trad". They looked 50c lower for the week. Not enough lambs were In the pens to make a representative trade, but what. few tiers marketed went at fullv stcadv levels. Bucks looked eronr t $S.n down. The $9.00 top for heavy springers was raid freely. HH. Market, steadv to C5c lower, 351 to "00 pounds to I'" pounds c 0 1 to 3J5 pound 171 to 2'"0 pounds 11 to 170 pounds 151 to 10 pounds 141 to 150 pounds 131 to lie pounds 121 to 1"0 pounds Ill to 120 pounds 101 to 110 pounds Roughs ' - CATTLE Market, firm. Choice stens, 1,009 to 1.100 lbs. .. Medium butcher steers tork steers Ch'.lce light heifers. 600 to S50 pounds Medium butcher bcifeni Stock heifers choice heavy cotvs Cight butcher cows Medium butcher "cows .... Cutter cows fanners, heavy - T.lgtt shellv canners .... Choice heavy bulls Choice light bulls Bolognas, heavy Light thin bulls CAtY FS Market, steady. Too calves t 45 .", to 3 25 3 n 2 on I 75 1 50 1 25 2 7 5 down 5 S011 00 4 5" S 2 5 4 00 4 50 4 5" if S on : 3 25 -i 4 0 0 1 3 00 3 50 3 no 3 Hilt 3 25 1 75 Hi 2 ?5 1 7 5 2 00 1 25 ill 1 5 0 7 5ff 1 00 j 00 down 3 00 down 2 75 ?? 3 no 2 003 2 59 4 50 1 inn 4 50 Good to ehol'-o Medium to good e vnV vv Throwouts 3 00 down SH F.FP Market, steady. Spring bucks S 00 Spring Iambs, 75 to ?5 lbs. X 51 if 9 en Spring lambs. 40 to 60 lbs. 6 00 a S 00 1 'lipped 1-imhs . 7 fl'i down Throwouts - 5 50 down Old bucks 1 50 down Sheer- crted 1 50 LOCAL FEED PRICES rrnbbs-RejTMlds-T lor Co.) Pure wheat bran $1.10 Wheat flour middlings Alfalfa leaf meal Ground corn and ats Mfalfa m-ai. Hn Linseed oil meal 1.4 5 . 2 nn Z. 125 1.50 1.95 Rolled oats Kiln dried c-acked corn (coarse) 1."0 4t pet. cotton sted meal .. 1 "3 Poultry mash 2.05 Fgg mash - 2.05 Kssentlal ing-ed. of poultry mash 2.25 ."J pet. euppleniental mash - 2.35 pet. dairy feed T-7 a 24 pet dtllrv feed l 1 pet. dairy feed L Tankags VSO Meat scraps 2 00 LOCAL CASH GRAIN Kffertive to 12:30 p. m.. Monday No. 2 soft wheat, SS !hs. test No. 3 soft wheat, 57 lbs. test . S4'- . 4 4 9 c No. No. No. 3 soft wheat. 5 lbs. test S rv .. 3 corn. 70 lbs 2a discount for each grade under No. 4 corn) S oats (lo d!s-ount for each I lb. No. . 00c under 2S lbs. ) J soy beans SCc No. TOLEDO SKKIN TOLEDO o. June 2. (AP) Grain , on track. 2? He rate basis, nominal; wheat. No. 2 red, 9,i'tT97e; ;0 1 red. 97'-; o 9Se; corn. No. 3 vellow. SS'n I 3 55c; No. 3 yellow, 54'4f5,ic; oats. No. 2 white. 44o45c: No. 3 white. 43 f44'ic: gra'n In store, transit billing attached, wheat. 4 U 7 5c above tra-k quotations; corn, 4?4t.,o above; oats. c above; seeds unchanc. ; The Colorado grizzly bear, once CHTAG",rnmeNr-jA,p,t' nnrr.,, Species, is rapidly receipts. 17,0: about steady; prices dying out. One report putting its uc-nangeo. o aies. I Fges. receipts, 24.51: steady; prices 1 nc hanged. No egg sales. N. Y. Stocks (Fumi&hed by Lamxm Bro. Co.) New York Stock ICIoeelClose Jn 2,Ju 1 92 I 92 4 112H1112H 24 24 30 i 30 '4 34', 33 I 37;, 35'i Vi l?3 32 V, 32'i 191.4 19i 29 i.-i 30 1 3 N I 2 H 21s 3ii 19 18H m; i2t 3S 30 14 30 si 18'8 1SH 17'i ITS 23! 23 15 'i, 15', 16H ItH 2ii 16 16 3"s ft 1 8 '4 1 8 i3 29 29 64 53 7 7 38 3SH 10 10s 19H 194 38 V 39 38?i 3S"4 20 20 4 5 5 Ti 32 33", 48 H 4SH 1! 4 264 26H 48 7 2H 2!4 30 American Can Amer. Tel .and Tel. Anaconda - . Atlantic Refining Bethlehem Mtcel Cerro de Pasco .. Chrysler Motors .. Cui-lIss Wright Coca Cola General Foods General JElectrlo General Motors r. Goodrich Goodyear Gold Dust Hudson Motors . ... Hupp Motor. Inter. Harvester Kennecott Copper Kresge, 8. S. Montgomery Ward Nat. Cash Reg Nat. Dairy Prod N. Y. Central Nash Motors . Packard Motors Phillips Petroleum Penn R. R Penney, J. C Radio Corp ... Sears Roebuck Consolidated Oil Standard Brands .ZZ..l Union Carbide U. s. Steel United Aircraft Earner Bros. Pin. Westhse. Elec ... Wool worth Yellow Truck Chicago Stocks Stand. Oil ind Commonwealth Edison Prima Cities Service Swift Intl NEW YORK, June 2. (AP) After toucning- new lows for the year to date, leading stocks met mild support in ine latter part or the Drier session today and either reduced or cancelled their declines. The moderate recovery was not ac companied by any exceptional activity, however, and the close was Irregular. iransters approximated 4o0.000 shares. Some short covering and outside buv-ing appeared In the market on the strengtn or reports that an agreement was near In the Toledo strike situation and that General Johnson's conferences In the textile controvery might result In a compromise which would avert serious walk-out m this industry. tne same time profit-taking came Into the recently buoyant grains at Chicago as further forecasts of rains in some of the drought areas were inaae. neat was ott about 2 cents ousnel at middav Rains in Sas Katchewan and Alberta brought a decline in Winnipeg wheat of more than 3 cents a bushel. Cotton maintained a firm tone, but rubber and silver futures were hesitant. Bonds were mixed and dull. The dollar held to a rainy steady course in foreign ex change dealing.s Shares o,f J. I. Case came back for a gain or around a point, but Deere, International Harvester and other farm issues were not inclined to enthuse over hopes for the breaking of the urougnt. Metal stocks such as Melntvre Por CUPine. U. R. Smeltinc International Nickel and Cerro de Pasco were steady mm, as were aJrierican Telephone, Electric Autolite, XT. B. Steel. Bethle hem Steel. Baltimore and Ohio. Puti ns t-ervice of New Jersev. Celanese. Pennsylvania and N. T. Central. Allied Chemical dropped 2, and Continental an. oorn products. Liargett and Mv ers P. Western Union. Santa Fe. Gen eral Motors. Chrysler. Loew's, National steel and General Foods were about unchanged ro a trifle lower. The pattern of eaulties tradinsr con tinued unchanged and most commen tators were advlslnir the utmost cau tion in the making of new commitments. It was held, generally, that there were no signs of the Immediate trend bem galtered decisively. LIBFRTY BOND PRICES NEW YORK, June 2. (AP) Lib- erty bonds closed: Llbertv 3t-s. 1103.28 Liberty first 4&s. J103.25; Lib erty fourth 4is. 1104; V. S, treasury 4!is, J112.5. CHICAGO LIVKSTOCK CHICAGO. June !.-(AIp (IT. 9. Department of Agriculture.) Hogs, receipts, 18,000; weak to 15c lower than Friday; scattered sales $3.55 downward; shippers took 500; estimated holdover, 4,000. Cattle, receipts. 1,500: compared with Friday last week, medium weight and weighty steers in minority and mostly a vc. higher; top advanced to 3.90, a single prime sieer selling at, J10.00; bulk better grade medium weight and heavy, f S.5" n 9.40 : lower grades .with weight. ?'3.50 ri 7.75 : all light teers and long yearllnps in killer flesh strong to 25c higher on very active market; practical top long yearlings, J9.:!5, but 1150-lh. steers sold up to J9 90: liRht steers and yearlings comprised bulk of steers run and sold at ?5. 25 ffi 7.75 ; stockers and feeders closed 2 3 i 5'c lower; better grade light and heavy heiferc, firm: cows, 25fo 50c lower; bulls, 15:u 25c off and vealers, SI. 00 lower. Sheep, receipts. 6.000; compared with Friday last week, native spring lambs, $1.25 and more lower: clipped offerings around i5c off; sheep, steady to easier; week's top spring lambs, $11.25; closing top. $10.00: lato bulk. $9.50'5 9.75 to larger interests; late bulk. $7.00; week's top clipped lamb". $.5: bulk active mid-week around $7.50 S S. 00; no .strictly choice load lots available late; first Idaho fpiiugers of season, $10.60, on Tuesday; thtee doubles averaged 7S lbs. with 50 head scaling 62 lbs out of ?8.0H; top shorn ewes. 121 jhs, down, $2.50; bulk 150 to 200 lb. kinds, $1.00. INDIANAPOLIS 1,1V KSTOt" K INDIA NAPOLIS, June 2. ( AP) (U. S. Department of Agriculture.) Hogs, receipts, 4.500; holdovers, 274 ; steady to 10c lower; mostly 6c off; underweights, 25c lower; 160 to 2"0 lbs., $3. i it ii.3.45; 200 to 525 lbs.. $3. 55 SJ 3.IS0 ; 140 to 160 lbs., 2.50'r, 2.75; 120 to 140 lbs.. 12.00 a' 2.25; 100 to 120 lbs., $1.50 'a 1.73; packing jws, $2.25 'i 3.0'i. entile. receipts. 2 1 0 - calves. 200: compared with Friday last week, led sierra .strop to 25c higher: ginssers and ail s!io stock ex'i'ptin choice heifers. toyCrc- lower; top steers. $0.1'!;! i--w loads, $ : mi u 3. 1 .i ; bulk, i.0i.i'3 7.2o; common killers, fi.fii) and less; bulk heifers, h.i'l; few to $ij.25 and $'j.50; cows. $2.50 3.60; top, $4.0(1; low cutter.s and cutters, $1.00&2.25; venlcrs, weak, $3.50 down. Sheep, 50; nominal; spring lambs yesterday, $10.00 down; sheep, $1.00 3 2.50. POTATO MAKKKT CHICAGO, June 2. (AP.) (U. S. Department of Agriculture.) Potatoes, receipts, 110 cars; on track, 267 cars; total L". 8. shipments, 9ii7 cars; new stock, slithtly weaker; supplies moderate; demand and trading very slow; Triumphs, Alabama U. 8. No. 1, J1.63H (ul.65; Louisiana, $1,604(1.70; dirty, $1 .5ii 1. 55; Texas, partly graded. $1.50 'o'1.57t2; Oklahoma, partly graded. $l.f0; Louisiana Cobbler.s, U. S. No. 1. $ 1.7i. Old stock, bate'y steady: supplies moderate; tlcmnnd and trading slow; Idaho KtissetM. U. S. No. 1. $1.451.55; U. S. No. 2, $I.15'al.20; Wisconsin Hound Whites, Combination grade, Soc & 11.03. CHU Vl.ll POULTRY CHICAGO. Juno 2. (AP) Poultry. Alive. receipts, 23 trucks, steady at 'ie. -line; ben 12'-; Leghorn hens. 9c; Kock fryer. 22c; colored, 2lc; Rock springs. '24-; colored, 23c; Rock broilers. 20-5 21c; colored. 20c; Leghorn. 16 falSc; barebacks. 16-gl7c; roosters, 7'3; turkeys. lOifijc; spring ducks, 12 o 11c; old. 910o; spring geese, 13c; old, 9c. CHICAGO CAH PRICKS CHICAGO. June 2. (API Wheat, No. 5 northern spring, 9640; corn. No. 2 yellow, 5S iii 53c; No. 2 white, 6o; oats, No. 2 white. 4 4 Ji '3 48 i c : No. 3 white, 43t-c; no rye; barley. 80-3 9se; timothy seed. $7.55o'S.OO ew-t.; clover seed. $ 10.2.5 fa' 1 3. 7o cwt.; lard, tierces, $5.42; looso lard. $5.77: bellies, $S.7S. LOCAL POULTRY MARKET (Frlces furnished and guaranteed by Dalton Poultry Comrany) Hens e leghorn hens .. ... 7 c I". R. end W. R. broilers, over 2 h lbs. ... IS e P. Ti. and W. K. broilers. under 2H lbs .17 e Colored broilers, J lbs. and over. 17 o Colored broilers, under 2 H lbs IS c Leghorn broilers, 1 'J lb. and over.. J i c Cocks .. S e Pucks, white, i lbs. and over S c Geese 5 e Tom turkeys, youns 8 c Hen turkeys 10 c Kggs, No. 1 10 e II Kis s, per lb. 4 c present numhpr as low s a ,, ... Parkinson Heads County Delegates To Convention The Tippecanoe county delegation to the republican state convention met in the offices of County Chairman Lynn Parkinson last evening to select a chairman of the delegation and discuss matters that will confront tl:e delegation at the convention. County Chairman Parkinson was selected as chairman of the Tippecanoe county representatives, of whom there are 29. A resolution was unanimously adopted pledging the support of Tippecanoe county to Harry G. Leslie as a candidate for the nomination for United States senator and to James A. Slane, who is a candidate for secretary of state. Delegates from Lafayette and ! Fairfield township will be: A. K. Sills, Charles A. West, Edgar D. Randolph, Arthur G. Eversole, W. F. Koerner, E. Burleigh Davidson, Fred Stivers, John Miller, Orville Sexton, Otto Neumann, Ernest Martin. Elton McQueen. From Wabash township: Everett B. Vawter, Earl R. Cass, Charles F. Edgerton, William F. Strate, Ralph Adams and George Nisley. Tippecanoe: John C. Nagle; Shelby, W. C. Smith; Washington, Dean Dick; Perry, Floyd Gingrich; Sheffield, Miller Y. Cassell; Wea, Alexander Thompson; Lauramie, Forrest Moore; Randolph, W. S. Alexander; Jackson, I. N. Miller; Wayne, Otis W. Wolford; Union, George E. Christian. Lafayette Naval Officer on Visit; Will Command Ship Lieutenant Commander Harvey E. Overesch, United States navy, and Mrs. Overesch, have left the city on a motor trip to California after a short visit here with Mr. Overesch's mother, Mrs. Henry B. Overesch, and his brother, Harry, and family. Lieutenant Commander Overesch is being transferred from the naval academy at Annapolis where for three years he has been graduate manager of athletics. He has been assigned to three years of active service and will command a torpedo boat destroyer in the Pacific fleet. He and Mrs. Overesch are motoring to San Diego. Grand Jury Indicts .Widow and Lover On Murder Charge FORT WAYNE, Ind., June 1. (AP) Indictments charging both first and second degree murder were returned today against Mrs. Louis M. Schmitt, 24, and Charles Howenstein, 57, who are alleged to have poisoned Mrs. Schmitt's husband, Urban Schmitt, 27. Schmitt died last March. His death was at first attributed to natural causes but several weeks later Howenstein and Mrs. Schmitt. were arrested. Police said the woman made a statement in which she admitted putting poison provided by Howenstein into a glass of orange juice which she served to her husband. Mrs. Schmitt was also quoted by police as saying she and Howenstein had been friendly for sev eral years. FUNERALS Funeral services for Edwin R. Arnett, well known and highly esteemed resident of West Lafayette, were conducted Friday after noon from the family residence. 100 East Wood street, with the Rev. Otto Scott Steele, of the First Methodist Episcopal church, officiating. Interment in Sugar Grove cemetery. Those attending from out of the city were: Mr. and Mrs. S. L. Rafferty, Floyd Rafferty and Mrs. Lee Rafferty, of Ridgefarm, 111.; Mr. and Mrs. Emmett Arnett and daughter, Louise, of Bloomington; Mr. and Mrs. James I. Arnett and son, Peter, of Stratford, Conn.: Richard Arnett and Miss Eleanor Clark, of Indianapolis; A. J. Ar nett, of Peru; Robert Bonwell, of Crawfordsville, and Mrs. Glenn Hawthorne and daughter, Maxine, of Shawnee Mound. The funeral of Mrs. Henrv A Morehouse, a resident of West Lafayette for several years and well known In church work, was held Saturday morning from the residence, on Dodge street, with Rev. J. Newton Jessup officiating. Rev. Ro'rt Knight sang. Interment in West cemetery at Oxford. Those attending from out of the city were: Mr. and Mrs. Chan Sentz, of Chicago; Mr. and Mrs. Lee Moorman and Leslie West-fall, of Washington, D. C; Mrs. Melvin North, of West Lebanon: Mr. and Mrs. Fred Rawles and Kenneth Rawles, of Fowler. Services at Jail Regular services will be held at the county jail Sunday afternoon at 2 o'clock by the Soldiers of the Cross, made up of members of several churches of the city. Immediately after the jail services, the group will go to the county farm for services. Rev. O. W. M. Moore, of the Nazarene church, will deliver the sermons, and music will be furnished by the S. O. S. orchestra. Harrison Freed Bennie Harrison, held for an attempted theft of copper wire belonging to the Western Indiana Gravel company, was released on hfs own recognizance by Judge Michael T. Ricks in city court yesterday afternoon. Harrison pleaded not guilty to a petit larceny charge and the case was! continued indefinitely. I Flora Park Opens j FLORA, June 2 (Special) -1 Flora community park will open j its 193-1 season tomorrow. The I first dance of the season at the park is set for Wednesday night June 6. William Marocco and Edgar Krauss have charge of the refreshment stand and dance pavilion. Papa Hutton Is Annoyed After Visiting Heiress LONDON, June 1. (AP) Franklin L. Hutton found his daughter, Princess Barbara Hutton Mdivani, in a medical clinic here today and was visibly annoyed about something after he visited her. Hutton. who had been in a fine humor when his son-in-law, Prince Alexis Mdivani, greeted him at Southampton, appeared angry aft er he and Mrs. Hutton had been with their daushter for an hour and a half. The Huttons did not reveal what had disturbed them nor would they discuss the health of the princess, who earlier this week had been reported able to make shopping tours from her hotel. PLANS INDEFINITE It was not apparent whether the princess will return with her parents to the United States, but in any event the prince said he could not leave London this month as he has considerable polo play ins to do. Prince Alexis met Hutton at Southampton when he arrived on the Bremen and the two discussed the princess' health. Mr. and Mrs. Hutton and the prince motored to London to gether, but the son-in-law did not accompany the Huttons to the clinic. "Prince Mdivani is a square shooter and a great fellow," was Hutton's estimate of the son-in- law at Southampton. Regarding his trip, Hutton said we have heard rumors about Barbara's health; naturally we have been very worried." Quintuplets Will Go to Worlds Fair NORTH BAY, Ont. June 1. (AP) The Rev. Fr. Daniel Rou-thier, parish priest at Corbeil, announced today that Ovila Dionne, father of quintuplet daughters, signed a contract yesterday with the tour bureau of Chicago to exhibit the five girls born last Monday at a Century of Progress. The pay for the Dionne family at the fair was fixed at $250 weekly including expenses and 30 per cent of all receipts. In the interval, Dionne is to receive $100 weekly and the family will remain at home until their physician says they are fit to be moved a matter which he indicated would take two months. Meanwhile the quintuplets, now past the 100th hour since their birth last. Monday morning, were progressing favorably. OKAY WITH DAWTCS CHICAGO, June 1. (AP) Rufus C. Dawes, president of a Century of Progress, said today the world's fair would have no objection to the exhibition of the Dionne quin tuplets at a fair concession "under conditions that would not be dangerous to the health of the babies." Dawes said he understood a concession was attempting to negotiate with the Dionnes at Corbeil, Ont. Dawes said any such exhibition would be under strict medical supervision, both by fair authorities and the city board of health. BALLOT MONDAY ON TARIFF BILL WASHINGTON, June 1. (AP)-Senate republicans relented in their filibuster against the administration tariff bill late today and consented to a bi-partisan compromise agreement under which a final vote will be started on all amendments and the measure itself not later than 5 p. m. Monday. The break in the more than two weeks of debate, in which half a dozen republican senators ignored the wishes of their leader and persisted in making from two to five speeches each on the bill, came after Senator Harrison (D., Miss.), pilot of the legislation. j threatened a long night session 1 to wear down the opposition. NO MEETING TODAY Harrison also served notice of an equally lengthy session tomorrow, a customary holiday, but under the compromise agreement there will be no meeting tomorrow. Republican Leader McNary insisted on a "no-work" Saturday on the ground that much private work had accumulated which demanded the attention of senators. Under the agreement, the senate will meet at ?1 a. m. Monday. WILLIAM BOOK, HEAD OF RELIEF BODY, RESIGNS INDIANAPOLIS, June 1. (AP) Resignation of William H. Book of Indianapolis as director of the governor's commission on unemployment relief was announced tonight by Governor Paul V. McNutt. Mr. Book resigned to accept a position as general manager of the Indianapolis Chamber of Commerce. Before becoming head of the relief organization in the state he was head of the civic affairs division of the Chamber of Commerce. Virgil Shepard who has been Mr. Book's assistant on the relief job also resigned to join himv in the work at the Chamber of Commerce. The governor said he has not yet determined who will take Book's place but said several per- sons are under consideration The resignation will be effec- tive July 1. ; - DeiUllS 111 RaCC RICHMOND. Ind., June 1. (AP) The name of William C. Dennis, president of Earlham col- lege, wiil be presented to the republican state convention next Tuesday as a candidate for the senatorial nomination, according to an announcement here todav. STOCK CONTROL BILL APPROVED; IS SENT TO F. R. WASHINGTON, June 1. (AP) The stock exchange control bill reached the end of a long, dispute-strewn pathway through congress tonight with final approval by both houses. House and senate, without rec ord votes, and with little debate, accepted the conference report compromising controversies between the two branches, and the measure was dispatched to the White House for President Roose velt's signature. Administration assurances to the industrial and financial world that the bill's rider modifying the se curities act of 1933 would protect honest businessmen marked final action on the measure in the sen ate. CREATES NEW COMMISSION This assurance was voiced by Senator Byrne (D., S. C), an ad ministration spokesman who led the move to modify the securities act. Byrnes spoke after the senate had adopted the conference re port without a record vote. The unanimity of the action was in sharp contrast to the conflict and controversy which accompanied the bill's previous course through congress. As finally approved by the sen ate, the bill provides for the creation of a new commission of five members to be appointed by the president, to regulate the nation's stock exchanges. CONTROL OF CREDIT Margin regulations will be set up by the federal reserve board to control advances of credit by banks or brokers on the purchase of securities. Though the board will not have to comply, the law will carry a congressional suggestion that credit be limited to 55 per cent of the current value of a security, or 100 per cent of the lowest price it touched in the preceding three years provided this was not more than 75 per cent of the current price. Prohibitions will be contained in the law against manipulative operations, and the commission will have power to require full financial reports from corporations listing securities. An officer or director of a corporation could not be sued for damages resulting from a false statement by an expert if he proved he had no reasonable ground to believe, and did not believe, the statement when made was untrue. Defendants in such damage suits could reduce liability by showing that some of the loss was due to other causes than the untrue statement. Plaintiffs w Id have to prove they purchased on reliance upon the false statement after the corporation had made available to security holders an earnings state ment covering 12 months of operation subsequent to the filing of tha registration statement. Requirements that suits must be filed within three years after filing of the registration statement and for the plaintiff to furnish bond to cover costs when demanded by the court to prevent "strike suits," also were contained in the measure. F ormer Athlete at Purdue Now Daddy Mr. and Mrs. Frederick J. Ei- bel, Jr., of Gary, both well known Purdue graduates of the class of 1929 are the parents of a son born Saturday morning. Mr. Eibel was an outstanding athlete at Purdue and Mrs. Eibel was formerly Miss Dorothv Waters, daughter of Mr. and Mrs. Elmer R. Waters of South Raub. Hath away Freed On Two Charges Bert Hathaway, held on a city court charge of assault and battery and a justice of peace proceedings in surety of the peace, was discharged in both cases yesterday afternoon. Tried first on the charge of assaulting Mrs. Nora Stead last Saturday night, Hathaway was discharged by Judge Michael T. Ricks, who upheld a j defense motion following completion of the state's case, only the prosecuting witness testifying. The defendant was then taken to the court of Justice Herman A. Mason, who conducted a hearing on Mrs. Stead's application to put Hathaway under a bond to keep the peace. After a long hearing at which a number of witnesses were heard, the court ruled that Hathaway should go free. $10 Murder Trial Scheduled in Fall LEBANON, Ind., June 2. (INS) Trial of Mrs. Naomi Saunders and Theodore Mathers, defendants in the $10 murder of the Rev. Gaylord Saunders, which occurred at Indianapolis, Feb. 2 last, will not be held until next fall it was announced here today by Ben Scifres, Boone county prosecutor. Saunders, a former Wabash minister, was found shot to death in an automobile. It was alleged that Mrs. Saunders supplied the $10 used to buy the gun with which he was killed. Mathers, Mrs. Saunders and Masil Roe, were each indicted by the Marion county grand jury for the murder and all three pleaded not guilty. At Edwood Glen A pleasant Sunday afternoon for the ladies of Edwood Glen country club and their guests from the Monticello country club has been arranged by Mrs. Robert A. Panlener, chairman of social activities, it is announced. Cards will be the nrinciDal diversion. i The men will engage in an lS-hole tournament. FREE . . E AT REYNOLDS REYNOLDS. June 1. (Special) The usual free moving picture show will be presented in Reynolds Saturday night. It is sponsored by local business men. Santrey Revue Is Swell Show (By MARY M. BO WEN) There was music in the air and beauty on the stage at the Mars theater Friday afternoon and evening when Henry Santrey and his internationally famous band, with his "Soldiers of Fortune" made their debut in one of tha most lavish and smartest revues ever presented here. Entering from the foyer of the theater and ascending to the stage, the band opened the revue just one big hit from beginning to end. Beginning with Santrey, and why shouldn't we? He is the head man and he's been places. Listen to this, besides singing in grand opera for four years, he studied in Italy and has made three trips around the world with his band. Played as long as three years in one theater alone, and even tried out the old saying, "music soothes the savage beast," when he took his band to the Fiji Islands to play for the can nibals. In gathering his group of entertainers Santrey certainly did a good job. There's Estelle Fratus, for instance, the little girl who hails from Australia. She was with Earl Carroll's Vanities for nine months and is one great tap dancer, besides having a vivacious personality that puts a song over with just the right amount of snappiness. Edythe Rogers, the cigarette girl, whose pictures have appeared all over the world in advertisements, is a striking blonde and another headliner. Her impersonations of Mae West, Greta Garbo and Jean Harlow are clever, but when she takes her violin in hand that's everything. Having played in several symphony orchestras, Miss Rogers is a master of the most difficult numbers. Loretta Grey, little but mighty, is just so much dynamite when she takes the stage with her col lege tune and peppy dancing. Six very pretty girls, called the Santrey Dancing Dolls, appear twice during the revue in well executed routine numbers. Included in the revue are the Dudley brothers, a quarter of four young colored men, who come very near to making one believe thev are listening to the famous Mills brothers. Williams and Walker. sons of the old stage favorites of the same names, do some intricate tap steps as does "Little Esther," very young and very small, who also taps as only those of her race can. Instead of the usual finale. Mr. Santrey informs the audience that that is one thing his revue doesn't have. Ah, but they do have something better, and just as unique as the rest of the show, before the last curtain each one of the artists comes on the stage and leaves the theater by a runwav into the aisle. Jason Lee Special Will Arrive Sunday Members of the "Jason Lee Spe cial" party, traveling in a motorized covered wagon, will present a program at Trinity M. E. church here tomorrow evening, with Methodist churches of the Lafayette and Crawfordsville districts joining in the service. The party is following the horseback trail from Boston to Oregon taken 100 years ago by Jason Lee, first missionary sent to that section of the northwest which is now Ore gon. The party includes speakers and a young Christian Indian. The program will include addresses, pageantry and pictures, with an Indian exhibit and demonstration. Valuable Farm Records Burned VALPARAISO, Ind., June I. (AP) Investigation was begun today of a fire that destroyed valuable records in the court house office occupied by County Agent Stewart Learning. J. A. Warren, Porter county hog and corn production control manager, said the fire might have been started to destroy records which could be used as evidence of fraud in obtaining money from the government. Intimations that an attempt might be made to destroy the records were received two weeks ago. Warren said. He added that authorities had been given the name of a suspect. Children's Day "Children's Day" exercises will bo held at the Boswell Methodist church Sunday evening, June 3. A pageant, "The King of the Helping Hand," will be presented by the graded departments. Children's day will be observed Sunday evening at Weaver Chapel, with the children of the chapel furnishing the program. Heslop on Vacation Michael Craig has been appointed an extra member of the police department to work for two months during the absence of Jack Heslop, who has gone to Texas on a vacation trip. Heslop was granted a leave of absence of six weeks in addition to his regular vacation of two weeks. Children's Play The school children of St. Lawrence church will present a play, "Such a Night," Sunday and Monday evenings at 8 o'clock in the school auditorium on North Nineteenth street. The public is invited. Farmers' Union DELPHI, June 2. The Carroll county Farmers' Union will meet in the Pittsburg school house Tuesday, June 5, at 8 p. m. The speaker will be from Kankakee, 111. The public is invited. LEAVES HOSPITAL Mrs. W. E. Adamson, of Indianapolis rural route 7, formerly Miss Jeanette David, of this city, who has been a patient at the Methodist hospital, Indianapolis, for several weeks, following a Caesarian operation, is now at her home near Indianapolis. Fourth Kidnaper Of Gettle Being Hunted by Police LOS ANGELES, June 1. (AP) Convinced that one participant In the kidnaping of William F. Gettle, Beverly Hills millionaire, is at large, federal officers today attempted to learn his identity from the two women convicted on federal charges of conspiring to uss the mails in extortion attempts connected with the abduction. Sentencing of the women, who were convicted last night along with three men who previously had been given life sentences for the kidnaping, was postponed at the request of prosecuting authorities. FORESTALL PAROLE The three men James Kirk, Loren Feltus, alias Larry Kerrigan; and Roy Williams were sentenced to 37 years each on the federal charges. Under California laws prohibiting the parole of prisoners with other convictions against them, the federal sentences will prevent the trio from being paroled from their life terms. The two women, Loretta Woody, 23, and Mona Gallighen, alias Joan Burke, were to have been sentenced today, but Deputy United States Attorney Hugh Dickson asked postponement of sentence and permission to question the female prisoners. MARY PICKFORD PROCEEDS WITH DIVORCE PLANS LOS ANGELES, June 1. (AP) Although frequent reports have been circulated that Douglas Fairbanks and Mary Pickford would become reconciled, the actress to-today went ahead with the next step in her suit for divorce. Through her attorneeys, Lloyd Wright and Charles E. Millikan, Miss Pickford obtained a superior court order permitting her to obtain service on her actor husband by publication, since he is in England. Miss Pickford filed an affida vit to accompany the order in which she stated that Fairbanks left California May 23, 1933. and that his present address is United Artists Studio, London. "Miss Pickford has nothing to say at this time," Wright said. "Within 90 days we will obtain legal jurisdiction of the case and then hearings may be set." Post off ice Workers Save Baby Chicks Overcome by Heat With the mercury at 104 Friday in Lafayette, humanity was not the only sufferer. At the Lafayette postoffice, thanks to postal workers, a shipment of baby chicks, 800 of them, escaped suffocation by prompt action. The chicks were enroute from Illinois to various points in Indiana. When they were transferred here many of them were apparently lifeless. But a crude pen was made of mail sacks on the rear loading platform at the postoffice and every chick was revived with cool water, according to Postmaster R. M. Isherwood. Local Youth Is Held for Theft Roscoe Leonard, Jr., 16, of Lafayette, was arrested yesterday at Greencastle for the theft of a traveling bag belonging to David Pfiefer, living on Rural Route 7, Lafayette. Word of his arrest was received by local police from Greencastle authorities. The bag, containing clothing, shoes and a razor, was stolen out of an automobile parked on Third street between Columbia and South Thursday afternoon. Leonard will be returned to this city to face charges, it was indicated by Police Superintendent John H. Kluth. Police had learned Saturday that the prisoner's true name is Roscoe Rector, the name he gave being an alias. City Detective Charles H. Weaver planned to leave in the afternoon to return the youth to Lafayette. Remington Youths j Reported Missing j REMINGTON, June 2. (Special) No trace had been found this morning of two Remington youths who left Thursday evening for California, it Is believed, seeking adventure. The boys are Max Shearer, 17, son of Mr. and Mrs. John Shearer, and Joe Turley, 13, son of Mrs. Alma Turley. The boys were supposed to attend a Boy Scout camp south of town, Thursday night, and the fact that they had started west was not learned until next morning. The driver of a milk truck took them as far as Watseka, 111. Boy companions stated the two youths had been planning a trip to California for two weeks. Radio has been resorted to in locating them. Features of Our Personal Loan Service 1. -You get the cash you need on your own signature and security the same day the loan is approved. 2 Twenty months to re-pay. 3. You get the full amount of loan in cash.' No deductions, fees or charges unless actually paid out. A. Prompt service. 5. No embarrassing investigations. 6. Interest charged only for actual time money Is used. The Welfare Loan Co. 20fl Main St. Fancy Awning Extra Sturdy Lawn With arm rest foot rest, J. C. PENNEY CO. I.afayettc, Ind. Plan Bar Picnic At Club House rians for the Tippecanoe County Bar association's annual plcnlrj at the William C. Mitchell club house at Flint on the Wabash river on Wednesday, June 27, were made at a luncheon meeting of the bar at the Lahr hotel Saturday noon. It was voted to again invite the judges of tho state supreme and appellato courts to be guests of the asso elation. Charles R. Swaim, demo cratic nominee for city judge, wai admitted as a new member. Ross McCabe, president, presided. JEWISH ORATOR TO TALK SUNDAY Dr. H. Pomeronz, of Chicago, will address the Jewish community of Lafayette Sunday, Juno 3 at J:30 o'clock in the rooms of the Jewish Progress club, 315'j Columbia street. His subject will be "Dr. Arlasaroff, His Life and Activities in .Palestine." Dr. Pomeronz is known as an outstanding orator and his lecture promisci. to be of great interest. "STARTED" CHICKS We ham v iml h u oil red fclartftl rhicKs ti nilahle. Buy now n d tint expert n ) e trte1 hirk (filer tin. Wallace Hatchery Specialty Breeders of Pedigreed Stock Code Compliance No. 1 9J HARDWARE The Sun Corp. Successor to Fred Reule, Inc. First and Columbia St. Highest Prices for Wool, Toultry and Eggs. LAFAYETTE POULTRY CO. Foot of South St. Phone 2TH P LEE-ZING COFFEE Solve Your (oflee I'rublem Phone 5250 Crabbs Reynolds Taylor Co. Grain Feed Seed Lafayett Ind. Moth Proof Garment Bags and Chests 10c up WEIXS-YEAGER-BEST CO. rj f ji j f i"i' 333E5SZSSEEB5'"' Thone 720: Striped Back Chairs 49c extra ft ! n ZIMMERMAN'S uuemCuti vest sune cQVAJiE rFARMERS!i 4 SELL uuk a I Poultry, Eggs and Wool a TO I 129 South Second St. I

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