davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1931-12-18
new BUILDING
IN INDIANAPOLIS
SHOWS UPTURN
Permits Increase ID Per
Cent Over Year
Period.

Increase Of IA percent for build
ing permits from Jan. l to Dec /
1881, compared with the same pe-
Rod last year, is shown by an In
dianapolis building industry survey
made by r. G. Dun 81 Co.
Permits for the period totaled
SS,86o,s14, against $7,777, 500 for the
same period last year and sl4.-
95S,7O7 for the same period in 1929
This years figure is a Al per cent
decrease in comparison with the
1929 figure.
There was steady decline in
permits during the first six months
Of 1881, a loss of 90 per cent over
the same period in 1880, while the
period of July to Dec. showed a
net gain of $2,500,000.
Gain in the last five months was
due to several large public projects.
including the veterans hospital
telephone company building and
contract for completion of the War
Memorial project.
The only new major building prof.
ect under consideration now. the
survey reports, is the Indiana Ma
tional bank addition, estimated to
cost more than $4,000
The Indianapolis times., 1931-12-18
In the Stock Market
lBv Thomson & McKinnonl

NEW YORK, Dec. 17.-Steady
liquidation continued to depress
stocks with leading issues losing
considerable ground. There was not
even momentary respite from pres
sure to give the market a breath
ing spell or an opportunity to rally.
To dwell upon the influences con-
trlbuting to the selling would COM
pei us to merely repeat what we
have said about the market for the
last ten days.
Reasons for the apparently unjus-
tifiable liquidation are no clearer
than they have been. There is, of
course, the demoralized bond mar
ket. where liquidation appears even
less warranted than in stocks, and
certainly is harder to explain. It is
understandable that prospective
buyers are reluctant to buy stocks
in view Of the action of bonds. but
that does not account for the per-
SiStent selling Of either class of
securities.
What it is that is disturbing the
investors peace of mind or is con-
tributing to the widespread urgency
for liquidity remains as much of a
mystery as ever. Taking due cog
nizance OF our fears, uneaSiness and
uncertainty, it is difficult to recon-
cile prices, particularly of bonds,
with an analysis of intrinsic worth
or an appraisal of the business out
look.
Seldom has the country displayed
so little poise in the face of eco
nomic confusion. Seldom has the
market reflected as little confidence
in our ultimate recovery. The PEN
dulum seemingly has swung as
deeply into pessisims as it did in
optimism, barely more than two
years ago.
But little consideration is given
today to our conduct of history
when the country experienced s....-li-
lar extremes of sentiment. About
all that can be said of the market
is that liquidation will run its course
and to that end we are another day
nearer.
The Indianapolis times., 1931-12-18
FIRM DEMAND
SENDS PORKER
PRICES HIGHER
Cattle Show No Dependable
Action; Sheep Down
Is to SO Cents.

Renewed demand at the Union
Stock Yards sent hog prices up 10
to IS cents this morning. The bulk,
140 to 300 pounds, sold for $4.10 to
s4.35; early top holding at $4.35
Receipts were estimated at 4,50o;
holdovers were 1874.
Cattle were slow with no depend
able action in slaughter classes. Re
ceipts we're 300. Vealers showed
weakness, selling down so cents at
$3.50 to lower. Receipts we're 500.
In the sheep market lambs sold
off 25 to so cents. Most sales were
at $5.25 down, a few selling at the
mornings high of $3.50. Receipts
were 1000.
Early sales and bids on hogs at
Chicago were around 10 cents high
er than Thursdays average; good
and choice ITO 30 $50 pounds $4.10
to $4.15 and best 200 pounds held
to $4.25 and above. Receipts were
$4,000, including 1900. Holdovers
were 5000. Demand fairly active.
Cattle receipts were 1900; calves
TOO; steady. Sheep 10000, steady.
The Indianapolis times., 1931-12-18
GARY MAN ADDED TO
OGDEN DEPUTY STAFF
James Bowling Chosen; Attorney
General Silent on Lake Probe.

James Dowling. Gary, has been
added to the rapidly expanding staff
of deputies in the office Attorney
General James M. Ogden.
Ogden made no announcement of
the appointment until questioned
regarding it. Then he refused to
divulge whether the Dowling ap-
pointment means he again will in
vestigate Lake county government.
He indicated that he might take
hand in the South Bend political
scrap, when he appointed Harry
Taylor deputy there last week.
Bowling is the son Of John Dow
ling, department superintendent for
the United States Steel Company.
He was educated at Notre Dame
and in the east. Formerly, he was
associated with City Judge Herman
Key of Gary.
He is Republican.
The Indianapolis times., 1931-12-18
BONDS PROTECT
FOREIGN LOANS.
EXPERTS SAY
Point Out Debt Agreement
Clause Which Lets U. S.
Demand Guaranty.
BY HENRY F. MISSELWITZ
United Press stan Correspondent

WASHINGTON, Dec. 1S.-It was
emphasized on high authority to-
day that the nations huge loans to
foreign nations were closely safe
guarded by a clause in the debt
agreement which provides that the
government can demand delivery OF
bonds to the amount of the obliga-
tionS at any time.
The point was made by close and
authoritative students of interna-
ton finance in reiterating the adj
miniStration's stand against further
reduction or cancellation of war
debts. The war debts moratorium
initiated by President Hoover, now
up for congressional approval, has
been bitterly attacked as the first
step toward further cuts, if not out
right cancellation.
French Case Typical
The safeguarding clause in these
agreement, as typif1ed in the case
of France, provides that the govern
ment can demand that France
turn over bonds at any time i'm
such amounts and denominations
as the secretary of the treasury OF
the United States may request"
The bonds furthermore-and this
appeared to be the significant fea-
ture in possible payments in this
manner-may be sold ION such stock
exchanges as the secretary of the
treasury of the United States may
specify" France agreed to use her
good offices to obtain the listing
Of the bonds" on any stock exchange
desired by America.
Contained in Agreement
This clause was contained in the
debt agreement signed by France in
Washington in April, 1926, covering
payment of ''the aggregate principal
amount of $3,340,516, ,043.72."
The value of such clause, experts.
explain, lies in the fact it permits
the American government PRACTICAL
1y to control the gold reserve of any
debtor country.
Inc pon0S could be valued up Cu
the total amount of the debt out
standing, and then offered on the
stock markets of the issuing coun-
tries. The debtor nation or its citi-
zens would have to buy the bonds to'
protect it's own financial structure
and the debt would be liquidated in
gold.
The Indianapolis times., 1931-12-18
Cash Grain

Dec. II
The bids for car lots of grain at the
call of the Indianapolis Board of Trade
I: o. b. shipping point. basis 41hc New
York rate, were:
Wheat-Easy; No. red. 4s@5oc; No. 2
red 4SQ4sc; No: hard. 4s@4sc.
Corn-Easy; No white, 29l2630hc:
No. 4 white, 2sA9 2sAc; No. yellow,
2S%29c; q So No; yellow. 27@2sc; No. 3. 27
=, oats-steady;, No; > white. 22k@231ac;
No. white. 211a @221ac.
Hay-Steady 4: o. b. country points
taking 231ac or less rates to Cincinnati
or LOUISVILLE; No. l timothy, S2@2.50;
No. timothy, s6@650.
Inspections
Wheat-No. 2 red, car. Total, car.
Corn (new)-No. 3 white, 2 cars: No.
I white, cars; No. 2 yellow, cars; No.
3 yellow. IS cars; No. yellow, 90 cars:
NO. mixed. cars; No. 4 mixed, /
Oats-No.. 2 white, cars; No. 8 white
5 cars; feed, car. Total i3 cars.
The Indianapolis times., 1931-12-18
eHunger Marcher, to SNEAK

William AyreS, Indianapolis dele
gate in the Dec. national hunger
march" on congress, will speak at
a Workers center forum at 2:30
Sunday afternoon at 1921 South
Meridian street. Ayres' topic will
be "Hoover's Address to the Seven
ty-Second Congress and the Work
ing People"
The Indianapolis times., 1931-12-18
BrightSpots
of Business

BY United Press
NEW YORK, Dec. 15.-Retail trade has
been lifted to the highest volume OF the
year by colder weather and approach OF
view said.
DETRoIT-The Motor Wheel CorpO-
ration added 800 men since introduction
Of its new "centrifuse" brake drum.
NEW YoRK-standard Gas and Electric
Company ANNOUNCED a prelimsitnsry, ma ,osS con-
YOUNGSTOWN. O.-Sharon Steel Hoop
Company advanced operations IS per cent
to IS per cent OF capacity.
CHICAGO.-Farm improvement COM
panies are supplying Improvement in both,
employment and pay rolls.
MILWAUKEE. - wisconsin Telephone
Company will spend s7,O00, 900 in 1882
on extensions, replacements and i'm
proYements.
ALBANY-New York State Barge canal
did a record business in 1881, 3,772,012
tons being moved, an increase Of 1865
tons over last year.
OMAHA, Neb.-Nebraska Power Com
pany reported net income for the year
ended Oct. 81, was 81, ,e92, ,279, compared
with S2,442,16S in the preceding fiscal
year.
HARTFORD, Conn.-Hartford Gas Com
pany declared an extra dividend of 25
cents a share on the $25 par stock.
The Indianapolis times., 1931-12-18
Other Livestock
Ba United Press

CINCINNATI. O.. Dec. 1s-Hogs-Re-
active. unevenly steady to 10c higher:
spots, up more on mediu mweight butch
erS; better grade. 160,523o lbs, $4.35M 4.50;
300 lbs, very uneven. largely $4@4.25: 12O-
$50 lbs. S3.75 to mostly $4 bulk sows.
very slow all mature classes except bulls.
showing declines of 25@5Oc for the week:
undependable outlet for steers and heifers,
and medium grades. $3@5. .5O a few better
finished yearlingS up to $3.50; beef cows,
$S@3.50: low cutters and cutters $1.5e@
SLOW barely steady: good and chaice. sea
2: lower grades undependable sellers. at
$3.50 down. Sheep-Receipts. 400: steady:
better grade eve and wether lambs. $500
s; common and medium mostly S4M5;
sheep. $3.50 down.
The Indianapolis times., 1931-12-18
In the Cotton Markets
CHICAGO
NEW YORK
NEW ORLEANS
Building Permits

Peoples Quitting Company. sign. 1873
West WASHINGTON. $575.
Republic Paint and Wall Paper Com
pany.. sign 200 South Meridian. $110.
William Low Rice. dwelling and garage,
5267 Capitol. Sc. 5G0
James Shirley. garage. 1444 Fletcher
avenue. $500.
Indiana Provision Company, fence root
ing 725 Gardner. $3.50.
$3.50. '''''''' -'''' ''' ''0'
A. D. Boiley. sign. 1902 North Capitol.
$500.
Federal Auto Supply Company. sign, SIS
North Capitol. $3.50.
The Indianapolis times., 1931-12-18
BIZ United Press

CLEVELAND, Dec. 18.-Hogs-Rec
1900; holdover none; steady to 1Oc higher
160-230 lbs, $40; 240-3O0 lbs, AIS; light
lower on cows and stays. Cattle-Receipts.
225; around 900; cattle here, only load or
so sold; common, 80S-810-lb. weights.
$3.7504.50; most others without bid.
Calves-Receipts, $50; strictly a buyer S
market at soc to 81 downturn; choice
vealerS, So downward; common to medium.
$4@6; clearance incomplete. Sheep-Re-
ceipts, 1000; lambs 25650c lower; bulk,
$5.75 downward; nothing strictly choice
included throwouts and heavies, $4@4.50.
The Indianapolis times., 1931-12-18
Chicago Stocks Opening
(By James T. Hamill & CO..
Gone, but Not Forgotten

Automobiles reported to police as stolen
Charles r. schegel. 4si5 winthrop ave-
nue., Chevrolet coach, 747-2l3. from Yer
mont and Meridian streets.
Lee Justis. Greenfield, Ind, Ford coupe.
Re0-asO from Greenfield Ind.
Yerry Borman $500 East Tenth street
Hudson sedan, 745-4S5, from rear 3309
It7S charles % q Grsy. 62s Oakland avenue,
chevrolet coupe. 1870. from 3loo East
Tenth street, - ,,
,-tevroiet COUPE 77i-235 from Tenth
street and Oakland avenue.
The Indianapolis times., 1931-12-18
By United Press

EAST BUFFALO, N. Y, Dec. lS.-Hogs
Receipts, 9,9OO market. fairly active,
generally 10020c over Thursdays average:
mostly 10000; 160-220 lbs, $4.40@45O;
240-27O lbs. $425@435; weights below 140
lbs, $3.85@4.25. Cattle-Receipts, 250
$50; holdover steers unsold. Calves-Re-
ceipts. 800; -yealeTs, steady; good to choice.
S7.50@8. Sheep-ReceiptS. 1000; lambs,
slow, steady to weak; quality and sorts
considered; good to choice, S. few $6.25;
common and medium, $5@5.50.
The Indianapolis times., 1931-12-18
By United Press

PITTSBURGH, Dec 18-Hogs-Re
1000; market: active to steady; 16O-24O
l6S $44S@4s0 49, 9sG 259SSO go lbs $4,000 40
4.25; lighter weights down to $3.75; pack
ing sows. $S.50@4. Cattle--Receipts, 100;
no trading. Calves-Receipts, 275; market.
slow; asking lower on better grade veal-
ers at $3.50 downward. Sheep-Receipts.
$500; market, weak to Csc lower; better
down to $5; common i1o and me medium atieo eTade,
$40 4.50 medium wethers. S2M3.
The Indianapolis times., 1931-12-18
KINDERGARTENS CLOSE
Special Programs Mark Start of
Christmas Programs.

Indianapolis free kindergartens
were to close for the holidays today
with special festivities at each one.
Invitations were made by the chill
dren and sent to parents.
Christmas carol services were held
by the Irvington kindergarten
Thursday morning at Irvington
Presbyterian church. The Rev. j.
B. Ferguson led devotional services.
Mrs. John Paul Ragsdale sang.
Christmas carols were sung by the
children, accompanied by Mrs. HelelI
S. Surprise on the organ.
Virginia Streeter, the teacher, was
in charge of the program.
The kindergartenS will resume
classes Jan. 4.
The Indianapolis times., 1931-12-18
SELECT WASHINGTON
DOLL CONTEST WINNERS
200 Entered in Contest to Be Given
to Hospital, Nursery.

Helen Muterspaugh and Josephine
Kennedy has been awarded TOP
honorS in the two divisions of the
fifth annual doll contest sponsored
by the Washingtonians, senior girls
organization at Washington high
school.
Elizabeth Weber and Vera Cobb
were given honorable mention in
the respective sections.
The 200 dolls entered in the con-
test will be given to Riley hospital
and to the indianapolis Day nursery
for distribution to needy children
at Christmas time.
The Indianapolis times., 1931-12-18
BACK HOME AGAIN

stolen automobiles recovered by police
belong 70: -.
Marmon sedan. found in rear Of 1887
Cornell avenue.
street Oldsmobile coach found In front
al 1aO2 South Pennsylvania street.
The Indianapolis times., 1931-12-18
New York Bank Stocks
(By Thomson g. McKinnon)
Net Changes

By United Press
NEW YORK, Dec. Closing
prices and net changes on principal
stocks traded today on the New
York Stock Exchange follow:
The Indianapolis times., 1931-12-18
GRAIN FUTURES
SHOW STRONG
TRADING RANCE
Firmer Cables and Options
After Uneven Opening
at Chicago.
BY HAROLD E. RAINVILLE
United Press Staff CORRESPONDENT

CHICAGO, Dec. Is. - Wheat
opened unevenly on the Board of
Trade today, with an irregular stock
market and slightly firrner cables
making traders uncertain. Liver
pool was relatively weak, but re-
ported firmer on a better demand.
Stocks were weak and tended
lower. Trade was light at the start
and the market did not move far
in either direction.
Liverpool Stages Rally
Corn was easy, with wheat and
and stocks and on less cheerful
foreign advances. Oats were rather
dull.
AT the opening wheat was y cent
lower to Il cept higher, corn was
unchanged to 3s cent lower and
oats were 1s cent lower. Provisions
were slow and steady.
Liverpool started lower, but rail-
lied sharply and by midafternoon
was q pence higher, equal to 9s to
Il cent lower, due largely to the
drop in sterling.
Corn Offerings Small
Country offerings of corn still are
small, but the shipping demand is
light. South Africa sent $4,000
bushels of corn to Canada the past
week, a somewhat unusual pro-
cedure. Weather over the belt is
mild, leSsening the demand.
Locals bought oats on the bullish
government report Thursday, but
were forced to sell out at the close
on the weakness in other grains.
There was no special news over
night.
By Times Special
CHICAGO. Dec. 1s.-Wheat. s; corn. go;
oats. %; rye. 3 and barley, 2l
By United Press
Elevator prices Wheat-No 2 red 61@
62c. Corn-No. 2 yellow, 4O12 q 4112c. Oats
No. white, 29@30c. Rye-No. 2, sic.
Grain on track 281a cent rate. Wheat
No. red, 5h@56c:, No; l red l cent
premium; Corn1Noys 2 yellow, ,351a@361ac;
26@271ac; No. white, 25@261ac. Glover
Prime, $3.50; February $8.75; March,
March, So Butter~Fancy creamery, 81
@33c. EggS-Current receipts, 20@23c.
Hay-Timothy per cwS., 81.
By United Press
CHICAGO, Dec. 17.-Cash grain close:
Wheat-No hard, 56Ac; No. 8 hard.
561ac: .Corn-No. 2 mixed, SSc; No. 8
mixed, 3803812c; No mixed 351a @37c;
No. yellow. SSA @4OAc; No. yellow
37h@391sc No. yellow. 35Q3Sc; No. S
yellow. 36@37c; No. yellow old, 41c; No.
3 yellow old, 3924c; No. whites, $50
S834c; No whites. 3Sc. Oats-No. 2
white, 26h 2694c; No. 3 white. 253AG
TiuOthv S4nd Of CloVer-Sl3m155 50
The Indianapolis times., 1931-12-18
Local Wagon Wheat

- City grain elevators are paving 46c for
No. red wheat and 46c for No, 2 hard
The Indianapolis times., 1931-12-18
Average Stock Prices

Average of thirty industrials for Thurs
day 7S,79 off 2.70. Average of twenty
rails 3l.42. OF l.28 Average Of twenty
bonds, 1887. of 90
The Indianapolis times., 1931-12-18
BIZ United Press

CINCINNATI, Dec. .-Butter-Steady;
creamery in tub lots according to score,
2Sg27c; comomn score discounted to &c;
PACKING stock, No. l, zoe; No. 2. 15c; No. 3.
8d1Oc;. butterfat 23@25c. Eggs-Firm
sases sas sd6Hd@d i1CIgded Extra Tsts 27e Tsts
Live poultry-Thin and coarse stock sells
only at heavy discount; fowls. 5 lbs and
over. Ice; 4 lbs. and over, 13lAc; lbs. and
over, 12c; Leghorns. lbs. and over, Tic;
ROSTERS 1oc; broilers. ,colored, lb: and
an and over, 1sc; fryers, lbs: and over, ice;
2 lbs. and over. .12c; Leghorn stags, 10c;
black springers, 10c; roasting chickens,
lbs, and over. TIC; ducks, under lbs, sell
at liberal concessions; ducks, white 4 lbs.
and over, 13c; under lbs, 10c; colored,
lbs. and over. 1sc; under lbs, 10c; ca
TIC; slips, 15c; spring guineaS. 1A2 lbs and
oyer. oyer. Ioc; lbs and over. 15c; .guineas;
over. S2c: young toms, No. /. ten lbs and
over. 3lc, No. old toms. 25c; young toms
over Is lbs, 2Sc crooked breasted, 1Sc:
No. 2. 18c; hen turkeys. under lbs. and
toms under 10 lbs, sell at liberal conces-
SionS.
The Indianapolis times., 1931-12-18
Produce Markets
,ss thomson & McK:nnon,

Eggs Country runl-Loss off delivered
in indianapolis, 22c; henery quality No. /,
Poultry buying prices Hens weighing
lbs. or over; lac; Under 5 lbs. .13c; Leg
horn hens, l0c; broilerS. fun feathered,
horn broilers. 1Oc:. spring chickens, lbs
and up i3c: under 12c: old cocks. &c;
ducks. full feathered. &c; geese. &c. These
prices are for No. top quality quoted by
Kingan g. Co
Butter twholesale)-No. /. so@s1c; No.
Butterfat-28c.
Cheese Wholesale selling price per
poundnl3.,American loaf. 2S34c:. pimento
horns, 19c; New York liberger. soc.
The Indianapolis times., 1931-12-18
New York Liberty Bonds
NEW YORK COFFEE RANGE
In the Air

Weather conditions at 8 a. M:
Southwest wind, 10 miles an hour;
temperature, 80; barometric pres
sure, 30.34 at sea level; ceiling,
scattered clouds, smoky, unlimited;
visibility, miles; field, good.
The Indianapolis times., 1931-12-18
Chicago Grain Ranue
By Times Special

CHICAGO. Dec. 17.-Primary receipts:
NMVneat, NV6 S99, oOO; Sgainst 783, 900; corn 325,-
00o' 000o' against 1893 O00 oats. 1852, 600, against
$4,000. Shipments: Wheat, 425. 900
against 1868 600: corn. 143, 900. against 439.-
600; oats. 101 600, against S09, 600.
The Indianapolis times., 1931-12-18
Van Heusen Collar Head Dies

By United Press
SCARSDALE, N. Y, Dec. 49,
John M. Van Heusen Sr., so, presi-
dent of Van Heusen Products, Inc,
and creator of the Van Heusen COL
lar, died today of pneumonia.
The Indianapolis times., 1931-12-18
DOw-JOneS
Summary

New York cables opened in London at
3.4025. against 3.45h; Paris. checks $3.50;
Amsterdam. s.4575; Italy, 66.s75 ard
Berlin, l4375
The Indianapolis times., 1931-12-18

By Times Special
CHICAGO, Dec. 18.-Wheat. g. corn, 90;
oats. %; rye. 2, and barley, 21.
Evening star., 1931-10-08
EVANGELIST CONTINUES FIGHT
ON PASTOR AFTER TROOPS GO
Arkansas Town Quiet, but
"W0rk" Not Yet Com
pIeted.
Dismissal From Pulpit Sought
on Grounds of Mis- =
conduct.
Ry the Associated Press.

BY the Associated Press.
JONESBORO, Ark, october 8.-The
militia has come and gone after quiet
ing warning factions of the First Bap-
tist Church here, but Rev. Joe JefferS,
militant evangelist, STAYS oa and con-
tinues his efforts 70 otiSt the the reg
ular pastor.
And Jeffers says he intends to keep
right on with his campaign.
Since he admits it looks as though
it may take some time to bring about
the dismissal of Rev. D. H. Heard,
Jeffers now is concerned about place
in which to accommodate crowds Of
5000 to 5000 that have attended his
meetings in a tent-tabernacle in the
last month.
Fight Follows Charges.
Jeffers from his pulpit charged DR..
Heard with misconduct while pastor
at Big Springs, Tex, and some of
Jeffers followers tried to bring the
charges before business meeting Of
the church, resulting in a fight in
which three were arrested.
While at the head of crowd he
assembled at the city hall to protest
his followers arrest, Jeffers invoked
God to strike the mayor dead"
Meanwhile some one knocked the
mayor, H. j. Bosler, to the ground and
the city and county authorities found
they could not cope with the evangel-
lists disciples.
Then came the call for National
GuardSmen who shouldered rifles with
fixed bayonets and planted machine
guns about the tabernacle. JefferS,
however, continued his attacks on
Heard.
The Guardsmen gave up and left.
"He Is Too Dignified."
Among the charges he heaped on
DR.. Heard was one that "he Is too dig
nified," and as such has failed to
take the sharp two-edged sword of
Gods word to smite the evil forces
present in JoneSboro
Jeffers said he does not like pussy
footing" explaining that he patterned
his evangelistic style on that used by
Jesus, the greatest herman of all
time"
Jeffers' evangelistic co-workers are
his wife and his two children, Joe, jr.,
5, and Jessie Jeanne, 2.
Always near the preacher is Romeo
Hebert former pugilist. Jeffers, how
ever denies reports that Romeo is a
bodyguard.