davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
BIZ United Press

By United Press
ceipts. 400: hoIdoyeT. 1la: mostly ssc
SIS. Cattle Receipts. $50: medium to good
steers. eligible to Sl0.50Gi1 IS: fully steady.
but, common. ,$6.5oG8;S0 kind. dull to
Sssk cGtsf aR To 1S ed asc sows more
bulls. s4.so@5.S5. caiyes@Receipts, SO:
sade sisai2so &c Common G to uh medium 2SiSfa
saoo lambs ESQ; spots SOC ioweT good
Quality. $3.50 most throwouts. ssGs.so:
heavies. $6.5oG7; sheep. weak.
By United Press
TT: WAYNE way NE In, Ind: De Pee lI:-Hogs-
asS ibs iD sso ssosoo Ss S6 ESQ
lbs. SIS: roughs. $3.50: stays. SIS: calves,
$ll; lambs. $3.50.
By Times Special
ceipts. 900: market. I5c lower: s5s lbs.
$40: $50 lbs. down. 81. roughs, $685.:
fet. Bulls. Csc lover; others Steady; prime Sa
heavy steers, $s.5o@lo.so; heavy shipping
steers, s7.25 $50; medium and plain
sood to sSos co 1as s asss asalS9 e
good cows. $500. cutters. s3@3.s0; can
ners. s262.75: bulls. $3.5oG5; feeders.
ssG75o; stockers. :$4G7. Cslves-Receipts,
az: MEDIUMS. ssSssd; 0O Common sD GnU to me.
dium. ssG5. sheep-Receipts. so; market.
steady; eve and wether lambs $3.50: buck
shsep sag S wednesdsys sSDn sPPd
Cattle. 81; calves, iOs; hogs. none: sheep,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11

Following is the explanation of
Ripley's Believe 1t or Not" which
appeared in Wednesdays Times:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11

DIR. Oliver Kamm, director of re-
search for Parke, Davis & Co. of
Detroit, will address. the Indiana
section of the American Chemical
Society at the Chamber of Com
merce Friday night.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11

INDIANAPOLIS STATEMENT
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11

william H. Brown was elected
president Of the Riverside Demo-
The Washington times., 1930-08-12
EST RAILROAD
CALLS BONDS

In line with the movement now
under way in France to retire
loans floated in the United States,
the Est Railroad Company of
France, which sold a $4,000, 900,
7 per cent bond issue here in 1925
through Dillon, Read & Co., an
nounces today that it has elected
to redeem on November 1, the
outstanding portion Of this issue,
amounting to $18,663. 900. The
issue, which consists of 7 per cent
external sinking fund gold bonds,
would not normally mature until
November /, 1854.
In making the announcement OF
the redemption, Dillon, Reed &
Co., fiscal agents for the company
in the United States, state that
payment will be made at los and
interest accrued to November !,
at their principal office i'm New
York City.
The Washington times., 1930-08-12
Allegheny Gas Corp.
ShOIUS Bio Increase

Allegheny Gas Corporation, 36
per cent of the common stock Of
which is owned by Appalachian
Gas Corporation, in its report OF
operations for the six months
ended June 80, 1890, shows an in
crease of 43 per cent in gross and
more than So per cent in net earn
ingS, compared to the correspond
ing period of last year. Net earn
ings available for interest and de-
probation for the first half OF
1880 are $233, ,681, against $153, 143
for the same period of 1929.
In making public the report, Of
ficials stated that the 1890 pro-
gram of expansion, which calls for
the drilling of 20 new natural gas
wells to give an estimated addi-
tional flow of approximately TO-
900, 900 cubic feet daily, is well
under way. The Buffalo Greek
field pipeline is being connected
with the new pipeline of West Vir-
ginia Gas Corporation, subsidiary
of Appalachian Gas Corporation,
and on completion natural gas
will be delivered through this line
to augment the supply of gas now
being sold to Huntington, w. Va,
plants of International Nickel
Company and Owens-I Illinois Glass
Company. Allegheny Gas Corpo-
ration's properties comprise gas
rights in $4,000 acres in Ohio and
West Virginia, on which are ISL
gas wells with an open flow of ap-
proximately 100000 cubic feet
daily.
The Washington times., 1930-08-12
Pittsburgh-SubLGrb0n
Water Co. ReDOrtS

Pittsburgh Suburban Water
Service Company, subsidiary of
Federal Water Service Corpora.
tion, reports gross revenues of
$328,605 for the year ended June
80, 1880, as compared with $311,.
684 for the preceding IL months
Operating expenses, maintenance
and taxes, other than Federal in.
come tax, totaled $144,416, as
against $135,219. Gross income
amounted to $184,189, which com.
pares with $176,465 for the year
ended June 80, 1929.
The Washington times., 1930-08-12
Ford MOUe Hints at
SDdin Plant CLOSinQ

MADRID, Aug. 12.-The Span
ish automobile situation became
more tangled Saturday when the
Ford Motor Company began an
advertising campaign to sell its
supply of cars on hand at pre-
tariff prices. The move evidently
indicates that Ford will shut
down its plant completely in
Spain as retaliation against the
tax of three pesetas on every
kilogram recently imposed. Gen
eral Motors is also a heavy loser
because of this tax.
MILAN, Aug. 12.-An agree
ment has definitely been reached
between the Ford interests in
Italy and the ISSota Fraschini
works, it was reported today. 1t
was also learned that once pro-
duction has met the Italian de-
mandS concentrated efforts will
be made on the Balkan market.
The Washington times., 1930-08-12
Boost in Soft Coal
Price Spurs Buying

Accompanied by a marked ad-
vance in the price level Of domes-
tic sizes, trading in the nations
bituminous coal markets during
the past montn reflected a some
what improved tone, Coal Age re-
ports. Price advances scheduled
for August initiated the buying
movement in those markets where
betterment was apparent. Retail.
ers bought to cover themselves,
rather than from the fact that
they were selling any coal to their
customers. Industrial depression
continued to exert an adverse ef-
feet on steam coal.
July production of bituminous
coal is estimated at 81, ,634, 900 net
tons, an increase of $4,000 tons
over June output and a decrease
of 7,541,000 tons from the July.
1929, production. Anthracite pro-
duction last month is estimated
at 5,662 900 net tons, which COM
pares with 5.183, 900 tons in June,
this year, and 4,993,O00 tons in
July, 1929. The Coal Age Index
of spot bituminous prices (p1e-
liminary) for July settled at
1411a, comparing with 1872 in
June. Corresponding weighted
average prices were $1.71A In
July and $1.6612 in June.
The Washington times., 1930-08-12
PIPE LINE CO..
EXPANDS

CHICAGO, Aug. 12.-Missouri-
Kansas Pipe Line Company
through subsidiary companies
has recently increased its avail
able supply of gas in the Texas
Panhandle and Southwestern
Kansas areas by more than 1OO,-
600 900 cubic feet of daily open
flow. company officials announced
today.
One well on the Bost acreage
in Hutchinson county, Texas, has
been completed with an open flow
volume of 45,00O,000 cubic feet
FER day while another recent COM
pletion in. Moore county, Texas,
had voloume of 48,OOO,O 1000
cubic feet.
The new gas supply will be
available for use to supply in.
dustrial and domestic demands
along the pipe line now Under
construction by Missouri-Kansas
Fipe Line Company which ex-
tends from the Panhandle OF
Texas to Indiana points. Gather
ing lines are being built in
Texas to connect completed wells
with the company's main line
which starts in eastern Moore
county.
The Washington times., 1930-08-12
.LON5DALE SEES
NEW BANKING
CONDITIONS
Banker Declares Business
Entering New Era; Urges
Attending Bank Convention

Because banking is on the
threshold of a new era, bankers
all over the country today are
being urged to attend the Ameri-
can Bankers Association conven-
ton in Cleveland, September
20 to october 2.
John G. Lonsdale. president Of
the American Bankers Associa-
ton, in StreSSing the necessity Of
participation in the convention,
declared that the daily routine of
the banking business is likely to
be affected by new laws, new
circumstances and perhaps q
modified public opinion. He con-
tinued:
This year, perhaps as never
before the convention should
appeal to bankers, for never
before has the banking bust
ness in the United States been
confronted by similar circum.
stances and conditions.
Banking Is Sound
Banking is fundamentally
sound. The achievements Of
the business as q whole in the
last decade have been incom-
parable. 1t has been the main
spring in q season of unparaI-
lelled prosperity and it has held
firm, sound and unmOved in
the recent period Of stock mar.
ket defIatiOn. Lying before it
are greater opportunities for
public service than have ever
before been possible i'm banking
and it is our privilege and our
duty to develop these OppOrtu-
mites.
"But Notwithstanding all
that, the rapidity Of modern
business change, the strength
and daring of business enter
prise, the tendency Of large
scale operations both within
and without banking have
brought us to the threshold Of
a new era Of banking, wherein
our daily routine is likely to be
affected by new laws, new cir.
cumstances and perhaps .
modified public opinion"
The Washington times., 1930-08-12
RATE INCREASE
IS STUDIED
Photo by international

The greatest significance Of re-
cent rail rate reviSions made by
the Interstate Commerce Commits
sion lies in the fact that they
aim toward the creation of a rate
structure of national scope, &C
cording to the review issued to-
day by Dominick & Dominick.
Revision of class rates, ex-
pected to increase the annual rev
enue of Western trunk lines by
about $12,OO0,OO0, was offset by
a subsequent decision reducing
grain rates sufficiently to lower
the estimated annual revenue OF
these lines by $15,000,OO0 Glass
rate revisionS in connection with
Eastern trunk lines is expected TO
increase their annual revenue by
$40, ,000, 900.
"This type of rate" the re-
view points out, applying in
general to shipments having
high unit value and moving in
less than carload lots, has de-
clirfed materially in recent
years. 1t is estimated that
shipments moving under class
rates constitute 20 per cent Of
the total volume Of railway
traffic and contributes 80 per
cent of total freight revenue.
I'm general, the new class
rates are based on a mileage
scale which is intended to in
sure the carriers an adequate
return in direct relations to
the distance freight Il trans
ported. Though not exactly
comparable, rate experts hken
the new rate structure to the
parcel post zOning system, In
which rates are based upon the
distance a parcel is trans
ported"
The Washington times., 1930-08-12
BY LEWIS HANEY.

"Thin" and nervous" stock
market cracked last week. It had
plainly failed to go through on
the upside. Therefore, the bulls
tried to liquidate and the bears
again attacked in force.
AS a result prices faded away
for the most considerable recss-
sion since the middle of June.
The average all fell through the
lower resistance levels" at which
they have been holding during
the past four or five weeks.
During the week, stocks lost
on average about nine points.
The industrial leaders lost about
Is points, and an average of fifty
induStrialS was off about
points. The rails gave ground TO
the tune of 3l2 points. Utilities
fell IL points. Only bonds held
up. These gained but a small
fraction, however, as investors
are slow to give up their pref
erence for equity issues. More
over, there are now some doubts
about furtherr ease in money
rates.
Bear Resistance Won
In the early part of the week
we were being told that the mar
ket was Thoroughly liquidated''
and pressure was most encourag-
ing-now look at it.
AS a matter of fact, there has
been increasing resistance on the
upside, and the supply of stocks
has been gaining on the demand.
1t was notable that all week the
The Washington times., 1930-08-12
Southern Grocery Co.
Reports SLight Fall

Southern Grocery Stores, Inc,
reports gross sales for the five
weeks ended August of $780,
900, compared with $1,416, 800 for
the corresponding period of
1929, a decrease of 1.9 per cent.
For the seven months period
ended August 2, sales were &c.
756,015, compared with $8,827, ,579
for the corresponding period of
1929, an increase of los per cent.
The Washington times., 1930-08-12
re Still Uncertain Slight Rally Fails Convince Wall
Wall Street
Hears:

That Continental Can (CH)
earnings will hurt some by crop
damage cutting canning pack.
Interests close to company,
though are not alarmed.
That snuff production of
George w. HeIme (GH) Is rum
ming ahead Of last year.
That National Biscuit (BD
stockholders have increased In
number considerably since the
autumn break. &
That outlook for Southern
Railway (SZ) continues cloudy.
That accumulation for the
next period of stock market
Improvement is leisurely going
on.
That some good buying is
coming into the cOppers.
That q waiting attitude is the
best for the time being.
The Washington times., 1930-08-12
PUBLIC SERVICE
CD. ENLARGES

PORTLAND, Greg. Aug. IL.
Electric generating capacity of
the Pacific Northwest Public Ser
vice Company, subsidiary Of the
Central Public Service Corpora
ton, soon will be increased by 43
per cent, it was announced today,
as a result of two installations
now under way.
On August Is steam unit will
go into service and add $4,000
kilowattS to the generating ca
pacity, which now is 137,1O5 kilo-
watts. On November l., a new
water wheel will go into service
at the Oak Grove plant of the
Portland district and add an addi-
tional $4,000 kilowatts to capa-
city, making total of 197,105
kilowatts.
The new unit at the Oak
Grove plant is of particular sig
nificance and typical of western
hydraulic engineering, because its
operating head of about 900 feet
is the highest under which a re-
action turbine has ever been in
stalled. The generator is placed
Immediately over the turbine and
operated by vertical shaft con-
nection.
Pacific Northwest Public Ser
vice Company is one of the larg-
est electric companies in the
United States and is the princi.
pal subsidiary of the Central
Public Service Corporation.
The Washington times., 1930-08-12
j. s. TREASURY
ANNOUNCES
BILL ISSUE
$120, 200, 900 Issue to Be
Dated August 1s; Tenders
Received Until Thursday

The Treasury Department to-
day announced a new issue Of
Treasury bills amounting to ap-
proximately $4,000, 900.
Tenders for the issue, which
will be sold on a discount basis
to the highest bidders, will be re-
ceived at the Federal Reserve
banks or their branches up to 2
o'clock p. m, Eastern standard
time, August IA. No tenders will
be received at the Treasury De-
partment at Washington.
The bills will be dated August
10, 1880, and will mature on
November II, 1890. On The
maturity date, the principal,
without interest, will be paid.
They will be issued in bearer
form only, and in amounts Of
denominations of $1,000. $4,000
and 100000.
The issue, which follows the
flotation of a $50, ,000, 900 Treasury
bill loan less than a month age,
is considered as an indication Of
the Governments eagerness to, re-
alize the full possibilities Of the
current ease in the credit situa-
tion to replace outstanding
obligations bearing high interest
with short-termed notes at the
reduced rates.
The bills will be exempt from
ali taxation excepting estate and
inheritance taxes.
The Washington times., 1930-08-12
Corporate Income
BeLOU 1928 ,FiQure

Net income of the 275 indus
trial, utility and railroad corpora
tionS for which comparative data
are available for the first six
months of 1928, 1929 and 1880,
in the latter period was 95 per
cent of that for the first half of
1928. according to the Standard
Statistics Company, of New York.
Income for the first half of 1929
in the case of these 275 corpora.
tions was 129 per cent of the
1928 figures. Splitting UP the
whole into three groups. indus
trial, utility and railroad, the util.
ity classification was the only
one to show a gain in 1880 over
1928. It was also the only one
of the three groups to approx
mate the 1929 totals in 1880. De
tailed figures of net income for
the three half-years follow:
The Washington times., 1930-08-12
$217,783,368 Paid
First Half of Aug.

Cash dividends payable to
American stockholders in the first
Is days of August total $217,!S3,-
368, according to compilation hy
the Standard Statistics Company
of New York.
Electric and gas utilities, with
$54 ,939 1878, account for a little
more than one-quarter of this huge
sum, while railroad shares are
second with $32,O57, SAB. Invest
ment trusts, holding and finance
companies as a group, retail trade,
food except meat, automobiles, pc
troleum, steel and chemicals, in
the order named, make up the
other groups with disbursements
Of more than $5,0O0,0O0.
Interest on corporated bonds
payable during the same period
aggregate $125, ,414,275, while re-
demptionS Of serial bonds and non
serials called total another ST.
2S7 500 for the two weeks.
The Washington times., 1930-08-12
Chicago Plans NOUeL
Apartment Building

CHICAGO, Aug. IL 1NS0 -
If the plans CT a Chicago buil1-
ing syndicate are realized, Chi
cago within a year will be able
to boast of the first all-metal
and glass apartment house in
the world.
Glass and aluminium will be
used for the exterior, according
to the blueprintS, and floors are
to be of steel. Designed for II
families, the structure will be
II stories in height. 1t is to BE-
located on the exclusive gold
coast"
The Washington times., 1930-08-12
Only Bonds Hold Up
AS Bears Hammer
Stocks to Bottom

number of new lows made was
increasing each day. Even the
most active speculative leaders
failed to make progress. Just as
was the case preceding the June
decline, the market was plainly
humping feebly against a ceiling.
It first made a double top" and
then a third one that was lower
than the second. And all the time
the volume of trading was low
and tending to decline.
Passed Dividends Hurt
While the decline was funds-
mentally due to business and
credit conditions, 1t was touched
off by the passing Of several
dividends. Warner Brothers, Good.
rich, Marmon Motors and Hart.
man ceased to be among the
dividend payers. and that was q
jolt. The dought news also ap-
peared to threaten the earnings
of utility, can, dairy, mail order
and farm implement companies,
to say nothing of railway traffic
Last Monday I said that the
market had begun secondary
decline from the July rally and
would probably work irregularly
lower. This seems about right,
With the public out and large
financial interests forced to SUP
port the market on severe breaks
Gas appeared on Saturday. reces'
sionS are likely to be orderly.
Technical rallies will occur, but
lower prices are probable. The
low level of June "a will be
| tested sooner or later.
The Washington times., 1930-08-12
DGUid Pender Co.
ReDOrtS Decrease

David Pender Grocery Com
pany reports gross sales for five
weeks ended August 2. 1880, Of
81, ,387 ,266, compared with $l,455,-
lis for the corresponding period
Of 1920. a decrease Of 4.6 per
cent. Gross sales for the seven
months ended August 2 were
s9.lS0O10. compared with $3.50
619 for the corresponding period
Of 1923, an increase Of "a per
can't.
The Washington times., 1930-08-12
Chicago Will Probe
Crash, KILLING Trio

CHICAGO, Aug. IL Q.N.S0.-A
thorough investigation of the
crash to an airplane during
storm, which cost the lives of
two women and a man here Sat
urday, was under way here to-
day. directed by Coroner Herman
N. BundeSen.
BundeSen is determined to as
certain the exact reasons why
the Ryan monoplane. piloted by
Orville Suchy. plunged through
the top Of a gas storage tank,
carrying Suchy and his pas
sengers. Mary and Eugenia Laws.
to their death. as other accidents
Of Q similar nature may be
avoidsd.
The Washington times., 1930-08-12
SMARTER RALLY IS NEEDED
TO STEADY STOCKS
Steels Uncertain, AS Automobile Industry
Fails to Place Orders; American Can
Showing Improvement
BY THE SPECTATOR

doing little better than holding its Yes
terdays rally far from convincing didn't far
best and the gains were whitfield before the close
shorts did of the bidding understand with the
exception support given pivotal stocks when the market
weakest.
smarter rally view Of the extent Of the decline of the past
days. It higher today and tomorrow but
wouldn't gamble it, In fact believe chances at least
that prices will lower before they much higher The
abnormally sensitive to Most
believes business will pick but just how far this
will has the financial community in the air. This
basis starting of bull stocks ad
vice to both the trader and investor is still to sit tight.
The Washington times., 1930-08-12
(Thousands OF dollars)
Malayan Shipments
Of Rubber Decline

Malayan shipments of crude
rubber to the United States dun
ing the month of July totaled
24,47O tons, according to a re-
port received by the Rubber Ex-
change of New York Tuesday.
This compares with 26,49l tons
shipped during June, a decrease
of 2,O21 tons.
The Washington times., 1930-08-12
Sinclair Completing
Merger With Pierce

A. e. Watts, vice president of
the Sinclair Consolidated Petro-
leum Company, and the Mexican
Sinclair Oil Corporation, is in Mex
leo completing the details involved
in the taking over the Pierce Pc
troleum Corporation, which was
purchased last May. The deal
makes Sinclair the third largest
producer in the United States.
The Washington times., 1930-08-12
Universal Features
Are Booked By R-K-O

R.-K.-O. today booked the en-
tire feature picture output of Uni
verSal Pictures Company, Inc,
for showing in its nationwide
chain of theaters. including the
metropolitan firSt-run theaterS.
Twenty features are involved and
the total rental is estimated at
$4,000, 900.
The Washington times., 1930-08-12
Food Index Number
Higher Last Week

BradStreet's food index number
for the past week was $2.7l, COM
pared with $2.67 last week, $2.67
two weeks ago and 1886 for the
week ended August 8, 1929. This
weeks number reflects a gain Of
is per cent over last week, but
shows a loss of 1913 per cent
over last week from the Like week
year ago.
The Washington times., 1930-08-12
Cotton Fails to ShOIU
any RaLLHinq POWer

Following the previous after
moons break Of more than s. a
bale. no signs Of rallying power
we're displayed at the opening Of
the cotton market today. despite
tact that Liverpool closing bids
were 5 to 8 English points higher
toan due.
The Washington times., 1930-08-12
OUer 1870 Alton Bond
Holders O. X. Sale

Holders of between rs per cent
and 80 per cene of the Chicago &;
Alton 31a per cent bonds IRE
understood to have accepted The
Baltimore & Ohio offer of $50
for the bonds. Only IS per cent
is necessary for control of the
road.
The Washington times., 1930-08-12
worst, but this is no reason for
buying the stock as yet.

SSOSAA
Radio
Radio acted well both yesterday
and Saturday after getting a
hammering Friday. The buying
is beginning to look better than
the selling. The semiannual re-
port, which should be out within
the next week, is still hanging
over the stock, and I don't believe
it will do much until this is out
of the way.
Interests close to the company
feel the same way about it, and
confine themselves to saying that
the stock is a good speculation.
There has been no change in
earnings estimates of about half
of preferred dividend require
ments. This, however, is as spec
ulative as the stock. Below IS
it looks like fair buy.
believe Commercial Solvents
is a good buy If it gets down be
low %. Earnings have held up
fairly we'll this year even though
the company's best customer, the
automobile industry, was sharply
curtailed. Solvents is doing much
to diversity it's line and this is
beginning to show results. A
bulliSh factor is that many smart
people believe we are on the eve
of a chemical age. Solvents has
a big speculative following.
The Washington times., 1930-08-12
Cotton Erch. Votes
HOLidaH for Aug. 30

Members of the New York Cot
ton Exchange voted for a proposal
to make Saturday. August 80, pre-
ceding Labor Day, an exchange
holiday,