davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
THE INDIANAPOLIS TIMES
MOORE'S BODY
is TAKEN EAST
FOR LAST RITES
Ambassador to Poland Dies
in California on Way
to Take Post.
BIZ United Press

bD CntteQ FTeSS
LOS ANGELES, Feb. IS.-The
body of Alexander P. Moore, who
died here while en- route to take
his new post as United States am
bassador to Poland, will be sent to
Pittsburgh late today for interment
Funeral services were held, here
today. A host of the late ambaSsa
doris friends, many of them high in
public life, attended the rites.
Moore formerly lived in Pitts
burgh and began his newspaper
career there. Later he published
the New York Mirror and the Bos-
ton Advertiser prior to entering the
diplomatic service as ambassador to
Spain. He married Lillian Russell
the famous actress in 1912. They
were inseparate until her death in
1921.
Moore died shortly after noon on
Monday from tubercular condi-
ton. He stopped off here several
weeks ago to recover his failing
health at desert resort. AS he
grew worse steadily, he entered the
Pottenger sanitarium at Monrovia,
and last week was taken to the
California hospital here.
He was Semi-conSciOuS and de-
lirious for several hours before his
death, and physicians had held
little hope for recovery since early
Saturday.
At the bedside Monday were
Marion Davies, screen actress, and
close friend; j. T. Emge, formerly
associated with Moore on a Pitts
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
WAVES BATTER SHIP
Stranded Steamer Losing Fight;
Captain Stays on Board.

BIZ United Press
ASTORIA, Ore, Feb. 18.-The
stranded steamer Admiral Benson
continued today to lose her unequal
fight with waves that appeared GER
tain to pound her to pieces on Pea
cock Spit near here.
Her generator has failed and her
hold has filled with water, yet Cap
tain c. G. Graham, the mates and
q few others remained aboard
through the night. Captain Ora
ham planned to stay with his vessel
until the last hope of getting her
off the sands had vanished, or until
all possible salvage had been &C
cOmpliShed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18

burgh newspaper, and two cousins
Miss Eleanor Schuber and Marion
AlbertSon.
Former President Calvin Coolidge
who is in Los Angeles, expressed
regret over the death of the man
who had been ambassador to Peru
during his administration at Wash
ington.
1T is with strong regret that
learned of the death of Ambassador
Moore" Coolidge said in a lorna.
statement. Il had planned to call
on him at the hospital today"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18

Each gallon of sea water contains
02547 pounds of salt.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
RULING ON CLERKS
PAY SUITS AWAITED
feathers viii Rule on Demurrer in
Suits Against Officials.

With evidence before him in a
demurrer petition of county com
missioners and the county council to
salary suits of twenty seven en-
ploves of County Clerk George O.
Hutsell. Judge James M. feathers
indicated today he would make a
ruling next week.
Filed by County Attorney Clinton
H. Givan. the demurrer contends
the statute does not give Hutsell
power to fix his deputy's pay, but
that duty rests with the council.
Suits are the result Of the
councils action in December in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
WOMAN'S CLUB ELECTS
Officers of Social Service Group Are
Chosen at Meeting.

Of1cers of the newly formed socia.
service department of the Woman'S
Municipal Gardens Department
Club assumed their duties today, fol-
lowing election at the Gardens club
house Monday afternoon.
They are Mrs. John r. Hicks
chairman; Mrs. John Weinbrecht
vice-chairman; Mrs. G. Starr, treas
urer: Mrs. John Phillips, secretary
and Mrs. H. M. Shelby and Mrs
Frank Mark, directors.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
TWO OF CENNAS
ARE NABBED IN
CRIME CLEANUP
Noted GangSterS Held as
AIky Chiefs; Chinese
Put on Spot
BY RAY BLACK
United Press star Correspondent

CHICAGO, Feb. ECZEMA, a
name synonymous with gangiand
terror, twice was listed on police
books today, along with 262 others,
the roster of the latest prisoners In
the police war on crime.
The midnight raid on a south
west side fat that surprised sam
and Peter Genna at a desk from
which police declared they directed
an alcohol distributing syndicate,
brought the total arrests since the
general offensive against the under
world began to more than 5,O0O.
There are only between 5000 and
5000 policemen in Chicago many
Of them who have not been PAID
for weeks.
Of the 628 suspicious characters
rounded up in a NEUTRALITY-SUSPICIOUS.
period ended early today, police an
nounced fifty-four we're ex-convicts
and at least seven we're gunner.
six Genna brothers won notoriety
earlv in Chicago's gang warfare.
They were known as a powerful
and successful coterie OF liquor
runners and later as the overlords
of a district in which only their
own beer trucks and whisky run
ners were allowed.
Then three of them we're aSSaS-
sinated in a series of alcohol racket
feuds and only Sam, Peter and Jim
remained.
Oriental vengeance in gangland
stvle resulted in the murder early
today of Dong Poy, 22-year-old
Chinese. shot down by a country
man on a street corner in the
Chinese section.
Police said Poy was a suspected
OPIUM peddler and that the killing
had no connection with tong war
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
TRUMBULL IS INJURED
Connecticut Governor Bruises Leg
as His Glider Crashes

RU United PTCSS
NEW YORK, Feb. 16.-Governor
John H. Trumbull of Connecticut.
who has gained some fame as the
country's flying Governor" had
only a slightly bruised leg today to
remind him of his first but I'M
successful flight in a motorless
glider Monday.
Governor Trumbull, licensed
pilot, crashed after a flight of less
than 100 feet at the dedication of
that company's new hangar at New
ark. He Crawled from the wreck
age of the craft limping slightly and
announced he would try again when
a new glider was found.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
FILE PETTIS FUND SUIT
Recovery of 100000 Given to Local
Foundation Is Sought.

Litigation to recover 100000
given to the Indianapolis Founda-
ton by the late Alphonso P. Pettis,
founder of the Pettis Dry Goods
Company, was under way today
with the filing of suit by Leo M.
Gardner, administrator Of the Pettis
estate.
The money, In stocks and bonds,
is held by the Indiana Trust Com
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18

pany, defendant in the action. The
trust fund was created in 1920.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18
Former Opera Star Dies

BIZ United Press
LONDON, Feb. 18.-Mme. Louise
Kirkby, former star of the Metro
politan Opera Company and later of
Covent Garden, died Monday night
after an illness of several weeks with
a lung affection.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-18

slicing about $4,000 from Hutsells
requested salary budget decreasing
clerks salaries in some instances
and denying pay raises to others.
The Washington times., 1930-06-28
SEE
HIGHER LEVELS
Times staff Photo

Brokerage opinion today leaned
to the belief that stocks we're
headed for somewhat higher lev
els over the next week, though no
runaway movement was ex-
pected. Many were inclined to
the view that the market had
turned the corner and invest
ment buying was now warranted.
The need for caution and the
keeping of accounts in a liquid
position. however, continued to
be stressed.
Despite the sharp recovery, we
still believe that the safest TRAD
ing policy is to sell stocks on all
sharp rallies. A long period of
dullness and irregularity will pre-
cede any sustained recovery,
which must be founded on defi-
mite indications of a sterilization
in commodities and a general up
turn in commercial activity
SUTRO & CO.
For the first time since the de-
cline started we have had two
successive days of recovery. This
is good sign and would sug-
gest that for the time being stocks
should stabilize at levels some
what higher than those now pre-
Vailing.-BAAR, COHEN & CO.
The stock market evidently
turned a corner this week, at
least for the time being, and lead
ing issues should be a purchase
on reactions.-TOBEY g. KIRK.
Even though the current rally
should gain strength over the
weekend. we believe today'S open.
ing will be faced with profit tax
ing. We would withhold trading
commitments at this juncture.-
HORNBLOWER & WEEKS.
In view of the low volume of
trading and the recovery of
wheat prices, the rally yesterday
cannot be regarded as anything
more than a normal technical de-
velopment. Reactions which dry
up quickly will provide the best
indications that it is fairly safe
to, make commitments for
trading turn.-OTIS & co.
Believe the present rally in the
list will continue for some few
days.-FARRELL BROS.
The Washington times., 1930-06-28
Trading Market Seen By Spectator
d. B. Reeser Declares
Curtailment Has Cut
Crude Production

ences of such stocks on the gen.
eEal price structure"
Dealing with consumption, Mr..
Reeser asserted that the increase
of 9.8 per cent in domestic and
1877 per cent for exports in the
first four months was quite up to
the expectations of the industry
at the beginning Of the year. This
increase, although smaller in per-
centage, was much larger in gal
lonage than the normal increase
Of previous years"
Commenting on the criticism
Of the aggressive drilling pro-
grams by certain oil companies,
Mr.. Reeser pointed out that the
ceaSeless quest for more oil sup
plies was dictated by the highly
competitive conditions Of the pres
Dnt day as we'll as by stipulations
contained in lease agreements,
which, in many cases, specified
the additional number Of wells
to be completed.
On current crude oil price levels,
Mr.. ReeSer expressed the opinion
that they we're not profitable for
any but flush fields. He added
that with continued cooperation
in cutting supplies to fit demand,
there was every reasonable ex-
pectation of firmer price levels.
With regard to the refining
section of the industry" he sai1.
1T must be noted that the insCi-
'tute did not organize refining
section until December, 1929. AS
it took about two years of un
remitting effort to obtain results
in the institutes crude curtall-
ment program, we must not ex.
pect immediate results in the te-
filming department of the in
dustry. We have been given deli
mite indication. however. that the
refinerS are alive to the advisa
bility of adjusting their opera
tions so as to produce only the
quantities Of products required &c
fill actual demand. 1t is en-.
couraging to note that in June
to date refiners' stocks of gasoline
show a reduction of approx
mately 1000 barrels. a greater
rate of decrease than in any like
period.
Speaking generally on the oil
industry, / believe 1t to be in an
unusually good position.
The Washington times., 1930-06-28
TWO CD. : plan
SPLIT STOCK

Two important corporations to-
day announced plans for recapi-
talization. Stockholders of j. G..
White g. Co. will meet July 81
to consider a for l splitup and
increase of authorized common
stock from 10000 to 500, 900
shares. The new common will
have par value of $40, instead
of the existing 500 par.
Stockholders of the Diamond
Match Co. have been notified
that a plan for reincorporation
and recapitalization is being pre-
pared. to be announced at the
end of the summer. Officials of
the company believe a splitup
would pave the way for larger
dividend payments. The stock
now is on an So basis.
The Washington times., 1930-06-28
Another Oil Crisis

Ohio On Co.'S announcement
of cut of IS cents a barrel in
crude oil prices is expected to
precipitate another price war in
the midcontinent territory Penn
sylvania crude prices were cut
recently. The latest change, af-
fecting Indiana and Ohio, will re-
suit in generally lower prices in
the East. Over.production, cou-
pied with unexpectedly small in
crease in consumption, has weak
ened the price structure of the
oil industry.
Already the low money rates
are resulting in withdrawal of
loans from the call market and
diversion of funds into bonds and
high-yield common stocks. The
bond market is improving, and
such betterment usually precedes
sustained advance in the stock
market.
The Washington times., 1930-06-28

Crude oil production in the
United States has been curtailed
to a point where substantial
amounts are being withdrawn
from storage. and, at the pres
ent time there is not a single
weakness in the country's crude
position" it was declared last
night by E. B. Reeser, president
of the American Petroleum Insti'
tute, to a conference OF news
paper men.
Mr.. Reeser, quoting from the
latest data available from the
United States Bureau Of Mines
and the American Petroleum In
stitute, stated that countrywide
production last week was at the
rate of 100000 barrels daily less
than at the same time last year;
that average consumption and ex-
ports for the first five months
of 1880 were 1913 per cent higher
than in the comparable period of
1929, and that current domestic
consumption and exports of crude
were now running at the rate of
100000 barrels a day less than
production, which indicated that
crude inventories were being
drawn upon to that extent.
Mr.. Reeser emphasized that he
could find no indications of lower
crude oil prices in the Mid-Con.
tinent district, as had been sug.
gested in recent reports. There
was, he pointed out, nearly 100
per cent cooperation on the part
of crude oil producers in Okla
homa, Kansas and California,
with the expectation that Texas
production would be curtailed by
p general prorating agreement
now under negotiation.
Dealing with the refining as
poets of the Oil industry, Mr..
ReeSer said full cooperation of
refiners had not yet been obtained
In curtailing crude runs as
to reduce the abnormal
stocks of gasoline" He explained,
however, that the institutes ef-
forts to educate the refining in
dustry Of the folly of putting ex.
cess quantities of gasoline in stor.
age had been greatly strengthened
by the attitude of the Federal Oil
Conservation Board, which had
recognized the Oppressive influ.
The Washington times., 1930-06-28
v D D | MAKERS
HELD TRUST

The leading manufacturers of
woolen cloths and yarns. produc-
ers of the major part of the ma
tion'S supplies, today were per-
rnanently restrained from price
fixing under an injunction signed
in Federal court in New York city
by Judge w. I. Grubb.
The injunction was directed
against the Wool Institute. Inc,
of Park Ave, which consented
to its issuance.
The Injunction was issued un.
der the Sherman Antitrust Law
at the request of the antitrust di-
vision of the United States Attor.
ney Generals office. It also ap-
plies to the 1873 concerns which
are members of the institute.
Since January IS, 1923, the
complaint charges, the institute
and its members have engaged
in a conspiracy to restrain and
have actually restrained and are
now restraining interstate COM
merce in woolen goods and wooden
yarns"
Through the institutes opera
tionS, it is alleged, 1872 cloth weav-
ers, some of them not members of
the institute, formally pledged
themselves to maintain prices
during 1880 at 1929 levels.
Announcements of the agree
ment were made in various trade
papers over the signature of A. D.
Whiteside, president of the insti.
tute, according to the complaint.
The Washington times., 1930-06-28
TRADING
ON CURB SLOW

NEW YORK, June 2S.-Trading
activity on the curb market today
lapSed into the midsummer dol
drums. and few price changes of
Importance were recorded in the
extremely dull turnover of the two
hour session.
Covering on a moderate scale in
the final half hour brought a
firmer tone to the list, although
prices in the main body of stocks
ruled generally irregular.
Electric Bond and Share recov-
cred all of it's early setback, and
the late buying brought it frac-
tionally to the upside at the fin
ish. Other utility issues failed to
obtain similar response, and minus
signs were in the preponderance in
this group.
Cities Service held fairly steady,
and closed approximately un-
changed.
Investment trusts were steady in
apathetic trading.
The Washington times., 1930-06-28
CORN PRODUCTS
VOTES EXTRA
Times staff Photo

Directors of the Corn Products
Refining Co. today declared an
extra dividend of so cents a share
on the common stock in addition
to the regular quarterly dividends
of IS cents on the common and
SITS share on the preferred.
The common dividends are pay
able July 81 to holders of record
July 7 and the preferred divi-
dends is payable July Is to hold.
ers of record July 7. A similar
extra was paid last year.
DevOe and Reynolds
Directors of Devoe & Reynolds
today cut in half the dividend on
the class A and B common stock
with the declara ton of a quar-
terly dividend of 80 cents a share,
placing the issues on a ST. 40 an
nual basis against S2.40 previous.
~. The regular dividends Of SITS
a share were declared on the first
and second preferred. All the
dividends are payable July II to
holders OF record July 7.
Eagle Pitcher Lead
Directors Of the Eagle Pitcher
Lead Co. today omitted the reg
ular quarterly 20-cent dividend
due on the common stock at this
time. The regular quarterly divi-
dend OF $3.50 a share was de.
clared on the preferred stock pay
able July Is to holders of record
June 80. Officials attributed the
omission to an inventory shrink
age in excess of SITS, 900 900. due
to the recent slump 'in metal
prices.
Bank of Sicily
Bank of Sicily Trust Co. direc.
tors today cut the dividend bv
declaring a quarterly dividend of
80 cents share, placing the
stock on a $1.20 annual basis
against the 50 previously paid.
dividends Of the Bansicilia Cor
poration were cut when the direc-
tors declared Is cents a share on
the class A and B stock, placing
the issues on a 60-cent annual
basis. compared with 81 preyi-
ouslX
British Type
British Type Investors, Inc, di-
rectors today declared a dividend
at the recently increased rate of
Genus share, payable August
l TO holders of record july |
The Washington times., 1930-06-28
nation s TRADE
On UPSW|NG

A marked upSwing IN the ma
tion'S business during the week
ended June 81 was reported by
the Department of Commerce yes
terday.
Showing an increase of more
than II per cent over the preced-
ing week, as measured by the vol
ume of checks presented for pay
ment. commercial transactions
were only 5 per cent below the
unusually high level of a year ago.
according to the departments
compilations.
The activity of steel mills re.
ceded slightly from the record cf
the preceding week and was nearly
% per cent below the record of
the corresponding week in 1929.
The volume of building in 81
States, as reflected by the value
of contracts awarded, was below
that of both prior periods.
Wholesale prices continued to
decline, the recession being only
fractional as compared with the
preceding week, but somewhat
above the level of a year ago.
Figures issued by the Federal
Reserve Board showed that sales
by wholesale firms dealing in gro
ceries, dry goods. hardware and
drugs were lower in May this year
than they were a year ago. The
falling off in drugs and groceries,
however, was slight.
The Washington times., 1930-06-28
ChrysLer Cash
Assets SH.3I Share

BOSTON, June 28.-AS of May
81. Chrysler Corporation had on
hand cash and marketable securi-
ties totaling $50,173,421, an in.
crease of $11, ,465,8 ,875 since Deeem.
ber 81, 1929. This was in spite of
the fact that during theE period
payment of first quarter dividend
was made amounting to So. 1926 800.
Interest on Dodge debentureS due
May of $1,475,34 and sinking
fund on debentures of $500, 900
made a total of $5,3O1, ,140.
Cash and marketable securities
volume totals $11.31 a share on
the outstanding stock of 4,431,575
shares. Total book value per
share as of May 81 was in excess
of $23,
The Washington times., 1930-06-28
Witnesses Called
In SOcOnU Mer0er

Suopoenas were issued today by
Federal Judge John C. Knox for
the appearance in the Federal
Building, New York city, Mondey
OF witnesses in the Government
suit to prevent the proposed
Standard Oil Company of New
York and the Vacuum Oil Com
pany merger. The suit was
started in st. Louis, where the
Government filed a complaint
charging restraint of trade in vic.
lation Of the Sherman antitrust
law. Former Judge Fred L. Will
llams was appointed special mas
ter to appear here Monday.
The Washington times., 1930-06-28
TRADERS SPEED
To BANKS WITH
MARGINS
Low Rates and Little LikeIi-
hood of Being Sold Out In
creasing Margin Customers
BY LESLIE GOULD

Margin account customers of
brokerage offices are running over
to the banks with their securities
and borrowing the money to carry
their stocks. There are two rea-
sons for this:
First-Bank charges are lower
than the rates assessed by most
brokerage houses.
Second-The danger Of being
sold out is considerably less.
The broker is forced to clean
out weakened margin accounts, If
calls for more margin are ignored.
The banks are more lenient. They
know their customer in addition
to the stock owns a piece of real
setate around the corner or has
some other collateral.
Bank Loans Up
This fact has been borne out by
the Federal reserve statements of
the last few weeks. Their loans
on securities have been mounting,
while their loans to brokers and
dealers have been decreasing.
This week brokers' loans dropped
$317, 100000. This was consider
ably more than Wall Street had
expected, but it obviously does not
represent a corresponding liQuida-
ton OF speculative stock accounts.
In this connection, the New
York banks, members of the re-
serve, reported a drop of $50, ,00O,-
600 to brokers and dealers, but
their total loans actually increased
28,000,0 900. If there was no trans.
fer Of margin accounts by custom
ers to the banks the commercial
loans Of banks-that is loans on
mortgages. to business houses, ETC.,
would have had to increase STA.
100000. This is extremely doubt.
full.
Repetition of November
What happened last October
and November has been repeated.
Banks have expanded their loans
on securities direct to customers.
This may prove to be a danger
Gus policy. Bank investments and
bank loans against stock and bond
collateral has increased rapidly in
the last few years. Bond holdings
plus stock and bond collateral
loans have increased to approx.
mately IS per cent of the banks
total loans and investments. This
leaves only 35 per cent for the or
binary commercial channels. When
business reviveS and commercial
borrowing increases with the pick.
up in trade. some of this money
will have to be pulled out of the
security market.
What effect will this have on
the awakening business?
War on the Swindlers
The Evening journal is out to
expose the stock Swindler and
bucket shop operator. Millions
every year are lost by New York.
ers in fake stock schemes rang
ing from shark nets I'd gold
mines. The victims are not al
ways widows and orphans. There
are bankers, doctors and even
lawyers on the sucker lists"
BY exposing the methods OF
the swindler the Journal is pre-
pairing the public for the drive
fake stock promoters are to launch
in the next year or two. Hopes
of recouping stock market losses
will give them fertile ground to
work in.
The Washington times., 1930-06-28
NEWS
In Today's
CLASSIFIED ADS

CLASSIFIED ADS
BRICK BUNGALOW FOR SALE
Five rooms and bath, open fire
place, large front porch; four lots;
fruit trees, shade and shrubbery;
price, $500. terms.
---
BUICK SEDAN--Late model; good
condition: $3.50; terms.
FURNISHED ROOM-LOcated ON
Kenyon st. N. W.; cool, well-kept
room: private shower bath; quiet
family; no other rOOmers.
WANTED-Summer bOarders ON
farm: boys under 16 years; S25
monthly; references required.
UNFURNISHED APARTMENT
Maryland Ave. N. E.: second floor:
two rooms. kitchen and bath: s40
monthly rent; gas, heat and @Iec-
tFfcity furnished.
BAKERY-DOlng good business;
small down payment; all retail.
Fhsse ave "stdeligkts'' on sosHe o. ysae
EhEsIttSeypeRts yo8 Sll ftnd Z
oeas'G 6t8es .Gsa. Herald eiGffis8 A6s.