davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-05
Churches in Session

BU Times Special
NEWCASTLE, Ind, Nov. 5.-A
meeting Of Henry County Christian
churches is in session at the First
Christian church here today, with
]. ]. Hoover. presiding.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-05
Ingrown Nail
Turns Right Out!
Pain Stops Lnstontkyl

"OutwTo" is harmless antiseptic
manufactured for chiropodists. How
ever, anyone can buy from the drug
store a tiny bottle containing direc-
tons.
Asfew drops Of "Outgo" in the
crevice of the ingrowing nail re-
duceS inflammation and pain and so
toughenS the tender, sensitive skin
underneath the toe nail, that it can
not penetrate the flesh, and the nail
turns naturally outward almost over
Observation-Disclosures.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-05
Child Ill of. Paralysis

BIZ Times Special
LAFAYETTE, Ind, Nov. Or
vim Schmitz, Earl Park child, is i'll
at st. Elizabeth's hospital here with
infantile paralysis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-05
BOOKS SOUGHT FOR
PUPILS AFTER FIRE

edition; Hunters Biology" or smallwood
and Bailey; physics, Physics in Everyday
Life Henderson,.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-05
FE E | |
MEAN !?

Don't be helpless when you
suddenly get a headache. Reach
in your pocket for immediate
relief. If you haven't any Bayer
Aspirin with you, get some at
the first drugstore you come to.
Take a tablet or two and be
rid of the pain. Take promptly.
Nothing is gained by waiting
to see if the pain will leave of
its own accord. 1t may grow
worsei Why postpone relief?
There are many times when
The Washington times., 1930-09-16
TRADE PICK UP
REPORTED BY
DUN'S
Review Sees Definite Signs
Of Trade Revival; Hope
full Outlook Is Forecast

Further definite signs of trade
revival were noted during the past
week, although such indication;
are in line with the usual recovery
in business due at this time of the
year, Dun's Weekly Review OF
business declares.
In It's weekly survey, Dun's to
morrow will say:
"After two weeks of Septem,
ber, 1t Is possible to take a more
hopeful view Of the outlook, and
this ketter feeling Is supported
both by expectations of improve
ment to come and some tangible
instances Of present rains. The
latter vary in degree and do not
extend to every branch Of enter
prise, yet the favorable indica.
tions are increasing and are be.
ginning to appear more plainly
in certain Of the statistical ba-
rOmeterS.
"Reiterati0n Of the prObabil-
ity Of gradual commercial recov.
cry is important at this time,
and conservative opinion stresses
the desirabiIity Of a slow revival
based upon SOunder conditions,
rather than q quick advance Oc-
curing before ali necessary ad-
justmentS have been completed.
Surveys Of separate industries
and trades disclose many irreg.
ularities and conflicting tenden-
cies, but the main movement to-
ward the customary autumn &C
ceIeratiOn of activity is not OBJ
scured. As a whole, demands in
distributing channels are broad
ening, and this serves to
strengthen the balance between
production and consumption and
points to steadier prices in pri-
mary markets. Indeed, one Of
the most significant facts Of the
existing situation is the progress
in the direction Of greater firm
ness In wholesale quotations, this
status being revealed in Dun's
weekly list. Instead Of the wide
excess Of recessions which had
The Washington times., 1930-09-16
TWO D. c. BANKS
. PLAN MERCER,
IS SREP0RT
Federal American, Meeting
Today, to Absorb the Mer-
chants Bank and Trust Co.
BY JOHN E. NEVTN, Jr.

Merging of the Federal-AIneri-
can National Bank and the Mer-
chants Bank and Trust Company
is expected to be accomplished this
afternoon at the meeting Of direc-
tors Of the former institution. The
joining of the two institutions
would bring into existence q new
financial house with resources Of
$25, ZOO. 900.
Reports Of the proposed merger
have been current in local finan-
cial circles for some time and it
has been intimated that directors
of the Merchants Bank and Trust
Company have already passed
favorably on the proposal.
Action of the board Of the
Federal-American Is all that is
needed to complete the arrange
ments, reports say. Officials Of
both institutions would not COM
ment upon the reports but it was
learned from authoritative sources
that an important announcement
is to be expected following the
hAOOb4AS VA 144C ESOCIN4-6ALlGElCdu
group this afternoon.
John Poole, president of the
Federal-American, declined to
answer the questions or to deny
the rumor, while Rolfe E. Boiling
adopted the same attitude.
The Federal-American National
Bank came into existence in 1922
through a merger of the Federal
Bank and the American Bank.
The other institution concerned,
the Merchants Bank and Trust
Company was organized in 1924
by Peter A. Drury who remained
president of the institution until
about a year ago when he re-
signed to become chairman Of
the board of the bank.
A certain number Of the Off
GERS of the two institutions will
have to step aside or fill other
positions when and II the ne
gotiaticns are completed. Who
these will be has not even been
hinted.
The Washington times., 1930-09-16
A Merger Era

The air in the Street is again
becoming thick with merger talk.
Strength in the bank stocks the
past few weeks led to all sorts
Of stories about new banking
deals. Now the American Smelt-
ing-Kennecott rumor is being re-
vived, nursed particularly by the
unsatisfactory situation in the
, copper industry. incidentally,
Sinclair Oil stockholders meet
tomorrow to vote on the increase
in capitalization preliminary to
the creation Of billion-dollar
petroleum giant.
Undoubtedly we are entering
an area of big consultations,
especially in those industries
which are feeling the lash Of
overproduction. The only danger
is that there will be dozens and
dozens of unfounded rumors, a
. great many of which will be
started by pools to help unload
some stock. So, watch your step.
AutoStrop yesterday sold up
to 78, coming close to my pre-
diction recently that it was a
buy for 80. Action of the stock
would seem to bear out my story
that Gillette would pay cash for
AutoStrop. Gillette also was a
The Washington times., 1930-09-16
Here and There

Stocks that are getting near a
buying range include Steel, Can,
Case, Eastman Kodak, Union
Carbide. United Aircraft, Amer
ican Tobacco, Liggett & Myers,
Westinghouse, General Electric,
Standard Gas and American and
Foreign Power among others. All
will turn quickly on any rally in
the market.
One smart floor trader is still
bullish. He considers the present
reaction only technical.
Allegheny is acting well. So
are Shattuck and Penick and
Ford. All three are low-priced
stocks that have attractive posi-
bilities.
Electric Power Associates on the
curb has big holdings in Amer
lean Water Works and Standard
Gas. It should follow any move
in these stocks. I am told it Is
selling considerably below its
breakup value.
I hear there will be interesting
development before long in the
Goldman Sachs trusts.
The Washington times., 1930-09-16
BILLION c A s H
PAID TODAY

A cash turnover Of between
$1,25o,000,00O and $500, 900 900
is expected today in connection
with quarterly financial settle
ments, including Federal income
tax payments, corporate interest
and dividend disbursements and
bond redemptions of maturities.
Generally easy conditions pre-
vail in the money market to
handle this huge transfer of
money, which is expected to be
consummated without any dis
turbance so far as rates are con-
cerned. Banks made full prepara-
tions in the closing days of last
week to meet the drain on their
resources resulting from the heavy
Withdrawals during the course of
the next few days.
Heavy Tax Payments
The largest shift of capital will
be in connection with Federal in
come tax collections. They are
estimated at $500, ,O00, 900. Sub
Scriptions on an offering of $32s.-
100000 Of 23s per cent Treasury
certificates of Indebtedness are
also due today.
Redemption of 100000, 900 Gov.
ernment maturities as well as
payment of approximately $35,-
100000 interest on outstanding
Treasury notes and Liberty Loan
Bonds will swell the amount con
tr1buted by Government transfers
alone to more than half the
grand total.
The Washington times., 1930-09-16
BY LEWIS HANEY
Director New York University
Bureau Of Business Research
and Former Economist Of
Federal Trade Commission.

and Former Economist Of
Federal Trade Commission.
The testing period for the
August stock market rally is now
on. The results last week were
not decisive. but it must be ad'
mitted that sentiment has be.
come less unanimously bulliSh,
and that last week the market
lost ground. I note particularly
that in the last three days a
large majority of all the stocks
traded in showed declines.
The averages during the week
declined between one and two
points, with industrials showing
the greatest losses. This is not
much, and the bulls may we'll
argue that the market showed
good resistance to selling. But
the volume of trading was good
deal larger than In recent weeks.
This fact, together with the fail.
ure to make progress at this criT-
ical stage, suggests an increase
In selling pressure. The supply
of stocks for sale clearly gained
on the demand for them.
Need for Caution
The market appears to have
lost its momentum on the up
grade. 1t has definitely rounded
off at about the level reached on
July %. This, of course. may not
mean an immediate severe reac-
ton, but it suggests increased
caution.
The Washington times., 1930-09-16
for Change in Stocks Making COMMITMENTS Says Spectator
Sideline Is Called
Safest Place Until
Stock Trend Changes

Certainly those who retired to
the sidelines, as recommended
last week, have lost nothing by do
ing so. Again I recommend TAX
ing commitments on tips and on
day to day strength in individual
issues.
For example, / was urged by a
broker the other day to buy Elec-
trio Power and Light. He had a
tip and the stock was active on
the tape. But it closed lower on
the day. National Power and
Light Is being tipped. Both these
companies are engaged In new
financing and this probably ex-
plains tips and rurnors about
them. The financiers want to
make good background for new
issues.
There is now much talk about
the low rates of brokers" loans,
the total value Of all listed stocks,
which Is called bullish as tending
to show that speculative credit is
not too large. 1t is said that this
Is the lowest in history"
Loans History Brief
But in this case history" goes
back only to 1925, and consequent.
ly does not mean much. It should
be remembered that the total of
all loans on securities" Is still
where it was in Septe' .ber, 1928,
which is very high.
There are two ways to bring
up the loan ratio. One is the
increased loans. The other is to
decrease stock prices. I think it
more probable that stock prices
will come down than that brok-
ers' loans will go up much.
The Washington times., 1930-09-16
Big Inquiries for
ELec. Equipment

A strong flow of inquiries is the
mainstay Of current activity in
the nations electrical equipment
markets. Buying is slow and sales
are still in moderate volume, but
Improvement is believed to be diff,
nitely on the way, reports Elec-
trical World. Following recent
heavy purchasing, the movement
of materials needed for railway
identification work is expected to
be slack for several weeks.
The Washington times., 1930-09-16

been so persistent, the latest
tabuIation shows . check to the
decline, with some raw mate.
rials participating IN the better.
ment.
''It may still be too early to
conclude that commodity prices
have touched bottom, although
more signs Of stabiIization have
been noted in recent weeks.
Thus far the uplift in business
has been Of moderate proper
tiOnS only, but the change has
cen helpful to general senti-
ment."
The Washington times., 1930-09-16
The Barrage

It has been some time since
the market was subjected to as
much bad news as yesterday.
First the German election. The
amazing gains made by the Fas.
ciStS at the German polls has
far-reaching political possibilities,
one of which may be a de-
terTnined effort to reopen the
whole reparations question.
There was further disturbing
news from across the border
about the threatened Canadian
tariff wall. Wheat broke below
: 80 cents a bHshel for the first
time since 1914.
As if this were not enough,
copper prices weakened, the big
producers coming down to 1914
cents and the red metal being
available at 1012 cents on the
outside. All in all, a collection
to make dent in the shell OF
even the most hard-boiled bull.
Beatrice Creamery has given
evidence of accumulation under
81. The company has an aggres'
sive management which is con-
Quoting a steady expansion pro-
gram. Earnings last year were
better than a$7 share. Current
profits are said to be running at
q better rate. The stock has
naAo acting well and has attrac-
tive long-term possibilities.
The Washington times., 1930-09-16
Cotton Use Drops
26,O5O Bales in Aug.

Census Bureau reports 352, 1885
running bales Of lint cotton were
consumed in mills Of the United
States in August, against 378,3 1886
in July and 558,754 in August,
1929. Total consumption for the
II months ended July 81 amount
ed to 6,113,932 bales, against 7,091.-
065 in the previous season.
The Washington times., 1930-09-16
A Bit of Cheer

l hear that Carnegie Steel, the
biggest of the Steel Corporations
subsidiaries, has stepped opera
tions up 4 per cent above last
week. This would be a welcome
bit of news, indicating that the
gain in steel operations is con-
tinuing, and would help stiffen
the back of the wobbling market.
The report on steel operations
will be out tomorrow. Steel men
themselves admit they are in
doubt on the outlook though
processing optimism. The sore
spot is the curtailed buying by
the automobile industry and the
netering out of the demand for
pipe. Against this is the better
buying by railroads and the steady
demand for structural steel. All
in all, it would appear that steel
operations should be able to hold
around the present rate for
awhile until the business horizon
becomes a bit clearer.
I hear Of better buying in
Warner E-others. The stock was
one of yesterdays few strong
spots. Expiration of the rights
on Saturday probably accounted
for the demonstration. Warner
has seen its worst market-wise,
I believe. but the situation still
has enough problems requiring
patient solution to bar other than
long pull buying.
The Washington times., 1930-09-16
BUSINESS AND poll Teal
NEWS HITS ADVANCE
German Election, Threatened Canadian
Tariff Wall, and Decline of Wheat and
Copper Price Cuts Trend of Mart
BY THE SPECTATOR

The markets growing and more sour 1t Is true
that stocks fairly stubborn and look than they
but they pretty sick lot at that yesterday,
meeting only weakness.
My advice S is to hug the sdelines and what hap
Stocks be buy for trading turn further
weakness today the theory that they entitled to
rally after four days of reaction It's gambling chance,
however and it's question whether 1t worth the risk
from the business and political world continues as
bad yesterday the market could easily 90 lot
lower.
The Washington times., 1930-09-16
.JeUOeL Tea Drops
Deal With Van Cam

Jewel Tea Co. will not proceed
with plan announced some time
ago to acquire interest in Van
Camp Packing Co., officials re-
vealed today.
The Washington times., 1930-09-16
COTTON EXCHANGE RULES

The board Of managers Of the
New York Cotton Exchange voted
to set the maximum limit of in
terest by any member, firm or
corporation, and his or its affilia-
tions, at 250,000 bales for delivery
in September, 1880, and 1000. 900
bales for delivery in October.
1880 and in ell months up to and
including August, 1891.
The Washington times., 1930-09-16
Cal. Standard Raises
It's Gasoline Price

Effective Monday. Standard Of
California will advance gasoline
price cent, it was announced
today, and will reduce offered
price for refinable crude 8 to IL
cents a barrel on average grade.
The Washington times., 1930-09-16
MEYER DAVIS
HARRY WARDMAN

Here are two WashingtonianS
who are insured for $1,000, 900
each. 1880 reports show. Davis
is a prominent orchestra leader
and owner. Harry Wardman,
until recently. owned and con-
trolled the Wardman proper
ties here, including the Ward
man Park Hotel.
The Washington times., 1930-09-16
Local Stocks

FURNISHED BY W, B Hrbbs 4 Col
SALES
Potomac Electric 66 pfd., 100
Iii; 1@111l2.
Washington Railway & Electric,
10098.
Federal-American Co. pfd., SO
100.
AFTER CALL
Riggs National Bank, 100495.
Capital Traction Co, 10060A
Mergenthaler Linotype, 10@97.
Anacosta g. Potomac Railroad
guaranteed SIS, $1,000094.
The Washington times., 1930-09-16

strong spot. The Street is now
quite convinced that the merger
will go through.
The Washington times., 1930-09-16

PICKSLAY ASKS SEAT
Henry G. PickSlay. of Williams.
Russell q Co., has applied for
membership on the New York
Coffee & Sugar Exchange.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17
ARKANSAS BANKS
SUSPEND PAYMENT
30 Institutions Affiliated With
Big Firm Expected to
Reopen, However

Little Rock, Ark, Nov. 17.-P-
Officials of the A. B. Banks and
company, Arkansas financial institu-
ton, announced today 30 banks In the
state with which the company is al
filiated have suspended payments to
depositors for a period of five days.
Eight other affiliated banks advised
the A. B. Banks company they were
remaining open.
The company officials said they had
not heard early today from IL others
in the utilization as to what action
they were taking.
The decision of the board Of direc-
tors Of the American Exchange Trust
company of Little Rock, the largest
bank in the state, to suspend pay
ments and close for five days resulted
in the temporary closing Of the others,
the Banks company announced.
Arkansas banking laws provide a
bank may suspend payments to de-
positors for five days and reopen at
the end of that period or be placed
in the hands Of the state banking
department.
With the exception of the American
Exchange Trust company here, the
Merchants and Planters Trust COM
pany of Pine Bluff, and the Merchants
and Planters bank at Helena, those
closing are comparatively small insti-
tutions.
J. j. Harrison, vice president of the
A. B. Banks and company, said he
expected lat least half" Of the banks
would reopen.
A statement by directors Of the
American Exchange Trust company
said the suspension was forced up
on us by excessive Withdrawals
totaling more than $4,000, 900 during
the past 10 days, following the an
nouncement Of financial difficulties
Of Caldwell and company, investment
bankers Of Nashville, Tenn.
1.-THE affairs of Caldwell and COM
pany are remote from Arkansas and
nothing but an excited public mind
could have forced the closing of this
strong bank"
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17

At the contact surface the cutting
edge" actually Is a series Of atomic
explosions, which literally blast single
cells to bits.
The cells break apart like popcorn,
and it makes a clean incision.' Fur
thermore. the damage is confined to
cells in immediate contact with the
needle. The incision differs from a
knife cut because the blasting action
sears over the adjoining cells-cauter-
izing, sterilizing and preventing bleed
ing.
Control owe the amount Of this
soaring effect "a obtained by in
PRODUCING the t~elegraphed radio prin-
ciple. A high frequency current
shoots through the needle and dies
down, to be followed by another.
Waves Can Be Adjusted
These waves can be crowded close
together or spaced wider apart, and
the strength and soaring effect Of the
current goes up OF down, according as
the waves are close together or not.
BY regulating the current, the MAX
ers say, the needle can be used either
to make deep missions Of a major
operation or to do the delicate dis
secting required for removing q
growth from the face or even from
the eye.
The needle Is purely an instrument
for use by skilled surgeons. The
shape of the needle is immaterial, and
any sort of curve or a loop of wire
can be made to cut equally well.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17
Elect Russell Reid
To Order of Arrow

Russell Reid, curator Of the State
Historical society, was elected an hon.
0rary member Of the Chan OWapi
lodge of the Order of the Arrow at
a meeting Saturday night in the In
dian lodge at the capitol grounds.
Kenneth Joslin, chief of the lodge,
presided.
MI. Reid gave a talk on the con-
struction of the lodge and some of
the things that are to be built in 1t.
He also described the manner of liv-
ing Of the Indians in this type OF
lodge.
After the meeting, the scouts
roasted marShmallows, sang songs,
danced Indian war dances and ad-
journed with the singing of taps.
An initiation ceremony is planned
for Saturday night, November 20.
Many outstanding Bismarck and
Mandan scouts are now members OF
this lodge. Charles Liessman, Robert
Byrne, Frank Walbert, George Jasz-
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17
Indy TO HAVE
new SPEED
Larger Motor and New Wing
Design to Improve Pres
emit Aircraft

Los Angeles, Nov. 17.-(R-Carl
SQuier, general manager of the Lock-
heed Aircraft company here, revealed
today that Col. Charles A. Lindbergh
would come to Los Angeles soon to
have his low-wing monoplane fitted
with q new type Of wing, a larger
motor and a disappearing landing
gear.
The improvement, SQuier said, will
increase the speed Of Colonel Lind
bergh's plane approximately so miles
an hour, making its top speed 225
miles an hour.
Suuier said he spoke to Colonel
Lindbergh by telephone at Princeton,
N. j., and that the flier said he would
arrive within three weeks.
Dispatches from the east recently
state Colonel Lindbergh was planning
a South American flight. SQuier was
not informed whether the improve
ments on the Colonel's plane were in
preparation for the flight or whether
the flight would be started from here
or the east coast.
Secret development and successful
CeSLl1lS Oh VIC IlCW WI1lS-SOAAoUA uSGCu
on Colonel Lindbergh's orders-have
been completed at Burbank, Calf,
after nine months work. No descrip-
ton of the wing was given out, ex-
cept that it will permit the landing
wheels to be folded into the wing.
A COS horsepower motor will replace
the present 425-horsepower engine, it
was understood.
Squier said Colonel Lindbergh told
him "our desire to increase the speed
Of our ~airplane does not mean that
we are going out after any transcon-
tinental or other long distance speed
records.
ANY device that can speed up air
transportation should be developed
and it is with this object that we wish
to equip our plane with the most eff
cient discoveries"
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17
Nels Olson, Farmer
Near Wilton, Dies, 48

Nels Olson, 48, Wilton, died in this
city at 3 o'clock Sunday morning. of
paralysis. He wa 8 farmer north
east Of the mining town. Plans for
the funeral have not been definitely
made but services and interment are
expected to take place Tuesday or
Wednesday, with interment in the
cemetery east Of Linton.
Olson was q native Of Sweden and
had been in this country since his
parents brought him over as a child.
He was born September 8, 1882, and
"a single. His widowed mother
lived with him on his farm, where he
had been located about IS years.
He leaves q brother, John Olson, at
Wilton; also three sisters. Mrs. Axel
Hedberg, Mrs. Emil E. Backman and
Mrs. Carl Olson, Wilton.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-17
|INCISI0N Which Will
NOT BLEED RESULTS
FR0MPECULIARW WAVE
Photographed Radio Million
Volt Current, Developed
by x-Ray Firm

New York, Nov. 17.-(AP)-The
rounded side of an ordinary steel sew
ing needle is converted into a cutting
surgical instrument sharper than any
knife by shooting a peculiar electric
current through it.
The current is in effect photographed
radio'-a current of about one mil
lion volts such as used for radio
waves, broken into dots much as tele-
graph signals are sent.
Cannot Be Felt
At the million-volt speed the cur
rent, because its volume is extremely
tiny. passes through the body without
being felt. It has no effect except
where the needle makes contact.