davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17

ID EADERS of The Times will
IN like Jane Jordan. Her de-
partment, starting Monday on
The Times Home page. will be one
of help and inspiration and real
service to thousands of Times
subscribers.
Already, before she has made
her bow as a member of The
Times staff. letters asking her adj
vice are being received and she
assures the writers that they will
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Two Fight Conviction

bW IHItH NFttfUI
MARION, Ind. Oct. 17.-Despite
the fact that the prosecuting wit
ness denied ever having any
chickens stolen from his farm, Harry
Arrick and Gerald Swope were con-
victed in superior court of the
theft. They were denied a new
trial. and filed notice of appeal to
the Indiana supreme court.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Needy to Get Aid


MARION, Ind, Oct. 17-Em-
ployes OF the city of MaEion have
voted to contribute part of their
monthly salaries this winter to re-
lief Of the unemployed. Last vim
ter the city employees, including
Mayor Jack Edwards, gave an aver
age Of 2 per cent of their earnings
to the poor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
SWINE CLOSE WEEK AT
HIGHER PRICE LEVELS
Cattle Market Steady to Lower,
Sheep Unchanged

Sheep Unchanged
FirmneSS of the last few days was
evidenced by hogs in this mornings
trade. Prices advanced, with most
classes up 10 cents from Fridays
average. The bulk, 100 to 300
pounds, sold for s5.4O to $3.50; early
top holding at $3.50. Receipts we're
estimated at $500; holdovers were
122.
Cattle were quotably steady. with
receipts of 200. Vealers sold of so
cents at 50 down. Calf receipts num-
bered 200.
With nothing here to test top
prices sheep were quoted at prices
unchanged from Friday. The bulk
sold for Sc to SIPS. Receipts were
200.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Convict's Wife Sues

BU Times Special
WASHINGTON, Ind, Oct. IT.
John H. Waggoner, former WASH
ington township trustee, who is serv-
ing a prison term for embezzling it's
funds, is defendant in a divorce
suit fled by Mrs. Mae Waggoner
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Marion Couple Accused

BIZ Times Special
MARION, Ind, Oct. II. - Harry
Schof1eld and his wife, Geraldine,
pleaded not guilty in circuit court
to charges of attempting to de-
fraud an insurance company by
disappearing the value of prop
erty destroyed by fire.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Chicago Stocks Opening
In the Air
tBy James T. Hamiil & CO..

Weather conditions at a. m:
West northwest wind, 10 miles an
hour; temperature, A.; barometric
pressure, 1904 at sea level; ceiling,
scattered clouds. unlimited; Yisi-
bility, Y miles; field, good.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Oil to Be Sought

BIZ Times Special
V1NCENNES, Ind, Oct. 17.-More
than 1000 acres of land in Harri-
son township, Knox county. has
oeen leased by James E. Young.
Petersburg, for gas and oil test drill
ing. ~ -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
BOOST RELIEF DRIVE
500 Kroger Employees Pledge Aid
to Community Fund,

to Community Fund.
More than 500 employees of the
Krcger Grocery & Baking Company
have joined to boost the 1882 Com
munity Fund campaign. Daird C..
Liggett, executive secretary of en-
ployes division, made an interesting
address to the employees.
A. W. Metzger, branch manager,
followed with an address in which
he stated that he hoped the en-
ploye record of last campaign
would be more than doubled. The
remainder of the evening was spent
in dancing and entertainment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
ByUnitcd Press

BB nitcd Press
CHICAGO, Oct. 1.-THE giant
u. S. S. Akron, largest dirigible in
the world, was reported sailing lazily
over the midwest today on forty
eight hour cruise made solely to
prove it was ready for service in the
navy.
The ship early today was reported
soaring through the darkness over
st. Louis. Later, the naval reserve
station at Kansas City reported the
ship was believed to have turned
northward and would not soar over
either Kansas City or Omaha as
previously announced unofficially.
Government radio stations at st.
Louis, we're the ship actually was
seen about midnight, were closed for
the night so no official reports we're
available there.
Headed North Last
The belief that the plan to fly
west as far as Kansas City had been
abandoned was based upon the fact
that in passing over st. Louis the
snip circled first to the south,
turned, and was seen last flying
northward.
Although no definite schedule was
announced. it was understood re-
liably the ship would be flown this
afternoon over Dyche football sta
dunn at Northwestern university
and then possibly over the Notre
Dame stadium near South Bend,
Ind
The giant airship, built at cost
of $5,500,000, and christened recent
~ hv Mrs. Herbert Hoover, nosed
aw&sffrom the Akron co. airdock
at $50 a. m. Friday on the test
flight.
Moves at Easy Speed
After circling over the airdock. the
ship was headed westward. If the
flight proves the ship is up to speci-
fications, it will be taken next week
to Lakehurst and turned over by its
builders to the navy.
According to unofficial reports of
the ships progress, it was travelling
at a speed of from SO to 65 miles an
hour 1t was sighted first over Co
lumbus, then over Cincinnati, then
over Louisville, KY, and then at st.
Louis.
The plan was to cover about 1000
miles on the tour, but both the di-
rection and extent of the flight de-
pended largely upon the weather.
Longest of Flights
Aboard the ship on its leisurely
flight we're Lieutenant Commander
Charles E. Rosendahl senior sur
viving officer of the destroyed Shen-
andoah; a crew of eleven officers
and forty men: several officers of
the navy, and officials of the Good
Zeppelin Corporation, which
built the ship.
It was not the first flight the
ship had made, but it was its long
est thus far. On the first test
flights it was kept close to its base.
The agreement between the navy
and the builders was the ship was
to be flown 100 hours before the
navy took it over. Many tests we're
ordered during this first 100 hours
in the air.
The Akron is larger than the IA
nous Graf Zeppelin. It is 1855 feet
long and carries 6,5OOOO0 cubic feet
of helium gas. 1t was started in
1929 It has eight reversible mo-
tors and a compartment in which
five airplanes are carried
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
Petty Arson
By United Press

By DHited Press
CHICAGO. Oct. 17.-Maybe
the depression can be blamed
for this too, or maybe it's Just
that the popularity Of midget
golf has passed, but whatever
the cause, Philiu Zisken, A.
was under arrest today on a
charge OF setting fire to his
pee-wee golf course.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-17
AKRON CRUISES
THROUGH SKIES
OVER MIDWEST
Worlds Giant of Air Scars
LaziIy on Its Longest
Trip of Career.
HEADED FOR CHICAGO
Mammoth Craft Expected
to Float Over Big
Grid Games.

By United Press
CHICAGO, Oct. 1.-THE L. s.
S. Akron, giant dirigible, appeared
over Chicago at $40 a. m. today.
The ship, on a forty-eight-hOur
test cruise, was flying northeast.
The Washington times., 1931-06-11
SEE AUTO NEED
BIG FACTOR IN
STEEL TRADE
Coal Strike Watched as
Means Of Boosting Prices
Of Trades Production

The automobile industry is
chiefly responsible for a further
decline in raw steel production
from AZ to 40 per cent of ca
pacity and it will strongly influ.
ence the course Of ingot output
in the next two months, Iron
Age will say tomorrow in its
monthly survey. Demand for
iron and steel from other sources
is holding fairly constant, Sug-
geSting that the irreducible mini
mum of requirements has been
reached, but motor car manufac-
ture has been receding steadily
since the premature contraction
Of retail sales in May. and seems
to be headed for very low
operating rate in July, with sus-
pensions such as occurred year
ago a possibility.
Coal Strike Watched
Regardless of automotive de-
Velopments the steel industry sees
nothing that will bring about a
revival Of activity in the next two
months unless it be the coal
strike. So far the strike is linn
tied to relatively few mines in
western Pennsylvania and West
Virginia and is not regarded
seriously.
Aside from possibly some mar
rowing of variations in beehive
coke prices, the present disturb
ance has had no visible flee. in
any of the markets. Meanwhile,
iron and steel producers are pre-
pairing for a dull summer by max
ing every possible effort to cut
operating expenses. Reductions in
salaries and operating personnel
have been made by some COM
panies, and a number of the
larger interests which had previ-
ously attempted to prorate work
among their various plants have
finally shut down at certain
points. and are concentrating at
their low cost centers.
Ample Supply Seen
Prices Of finished steel are be-
ing given little test, since mills
are not pushing forward contract
ing. Makers of sheets and strips
will accept second quarter specifi-
cations until June 80 for ship
ment until the last day of July.
AS this means that many users
will have enough steel to carry
them well into August, there is
little interest in third quarter
CONTRACT. Spot orders a. still
bringing out concessions in some
products, notably in cold-rolled
strip and galvanized sheets. The
present quotation on tin plate
will be carried over into the sec
ond half of the year.
Tin plate is the most active
among finished steel products,
with output holding at IS to 10
per cent. Producers expect 1881
production to compare favorably
with the 1880 total, which fell
only 812 per cent below the 1929
peak.
The Washington times., 1931-06-11
To BARE
TAX PLANS

Some indication of the course
which the deliberations Of the
Mapes' fiscal relations committee
are taking is expected to be given
late today following the third
secret session of the group this
week.
Representative Carl E. Mapes
(R.) Of Michigan, chairman Of
the special House committee work
ing out the complicated financial
problem, has indicated that fol-
lowing today's meeting he will
permit residents to know some
thing about the tax changes
which the committee has in con-
temptation.
Thus far this week, the com
mittee has devoted its attention
to debating the report submitted
to it Tuesday by George Lord, tax
expert. While the report deals
almost entirely with a comparison
of tax burdens in Washington
with those in other cities, it Is
believed it also discusses possible
changes in the tax set-up here.
Members Of the committee have
been reluctant to discuss publicly
contemplated tax charges, but
the most widely-talked of change
has been the proposal to establish
an income and an inheritance tax
here.
The Washington times., 1931-06-11
NORGE ORDERS
INCREASED

DETROIT, Mich, June 11.-No
depression exists, at least in the
electric refrigeration in dustry,
Howard E. Blood, president OF
Norge Corporation, division OF
Borg-Warner, said in comment
ing on the fact that trainload
orders of refrigerators for i'm.
mediate delivery had forced the
company into capacity produc,
tion.
Although no newcomer to the
field, the growth of the fian
this year has been outstanding
in electric refrigeration. SAles
estimates reflect that Norge is
fast approaching fourth position
within the industry. Blood said:
"The shipments Of Norge re-
frigeratOrS early hast year con-
Stituted q satisfactory record,
but this has been entirely over
shadOwed by the sales increase
enjoyed this year. Our ship
mentS for the first five months
of 1881 are SAT per cent greater
than for the same period last
year. More encouraging even,
present orders on hand are
greater than total shipments
SO far made this wear"
The Washington times., 1931-06-11
COTTONH|GHER,
MART ACTIVE

NEW YORK, June II Q.N.S0.
The New York cotton market was
moderately active during the fore
noon trading today, with prices
slightly higher.
Spot firms were good buyers of
July and October at the opening.
Cooperate brokers bought distant
months. However, an overnight
accumulation Of price-fixing or
ders from SpinnerS was the main
support of the market. Scattered
selling came from Liverpool and
the Continent, while the South
and wire houses sold on continued
favorable crop reports.
At midday, July sold at 8.44, up
8; october at 8.79, up S; Decem-
Der at 9.02, up 5, and January at
9.13, up 6.
Light showers fell in the west
ern sections of the Cotton Belt
and the forecast was for thunder
showers over the South, excepting
the Carolinas and west Texas.
The outlook, according to the
consensus of opinion, appears
much brighter. Trade demand,
both home and foreign, is unflag-
ging. The stock market appears
to be on an upward trend. Cotton
is the cheapest apparel known to
the civilized Wearer. And the
price is low,
The Washington times., 1931-06-11
RED MENACE
HIT At PARLEY

The menace of Russian com
petition, suggestion Of modifica-
ton of the antitrust laws that
production may be controlled and
the statement of Secretary of
Commerce Lamont that the Gov
ernment must keep out of buSi-
ness, featured the meeting Of the
United States Timber Conserva-
ton Board today.
The board considered the press
ing difficulties facing the lum-
Der and pulp-wood industry and
information compiled by its ex-
perts will be made available to
President Hoover and to the new
Congress. Lamont said:
"Any control Of industrial
conditions must come from in
duStry itself. The Government
can do nothing more than
furnish statistical information
on conditions. The problem Of
controlling production is not
easy of solution. The less the
Government goes into it the
better for everyone"
The Washington times., 1931-06-11
CURBMARTD Dull
PRICESLOWER

NEW YORK, June II U.N.SO
The curb market seemed to lose
a good deal of its zest for the ad-
vance, as today's session wore on,
and stocks in most sections of the
list took a somewhat reactionary
turn, although declines never as
sumed really important proper
tionS.
The active favorites in the util-
ity group were under pressure,
notably Electric Bond and Share
which dropped a point to 35A,
and American Gas and Electric,
ex. dividend, which sold off 11s
points to 563s.
On the other hand, one or two
Of the inactive performers showed
some signs of life, particularly
Associated Gas and Electric 5 per
cent preferred which scared IA
points to 80, on a comparatively
few sales. Commonwealth Edison,
likewise, frightened up and gained
1A points at 1874.
Cities Service after moving up
fractionally to a new high on the
movement at 117s, subsidized, and
rested comfortably for the greater
part of the day at unchanged
levels.
Oils held quite steady, despite
the general unsettlement else
where, and changes were for the
most part of slight proportions.
SpecialtieS were rather con-
SpicuouS by their dullness.
Curb bonds were generally firm
in a dull session.
The Washington times., 1931-06-11
Electrical Output
Falls BeLOU 1880

The production of electricity by
the electric light and power in
dustry of the United States for
the week ended Saturday, June
6, was 1851, 10000 kilowatt
hours, according to the Statistical
Research Department of the Ma
tional Electric Light Association.
This is 80 per cent below the
corresponding period in 1880.
The Atlantic seaboard shows an
increase of "A per cent in cleo
trical output from last year. The
great central industrial region
outlined by Buffalo, Pittsburgh,
Cincinnati, st. Louis and Mil
waukee, registers, as a whole, a
decrease of 7.8 per cent below
last year. The Pacific Coast
shows a decrease of 0.2 per cent,
The Washington times., 1931-06-11
NeWs Advertising
Seen SLUMP Cure

NEW YORK, June 11.-News-
paper advertising, which ranks as
a moulder of public opinion
second only to news and editor
ials, can play an important part
in reviving business confidence,
says statement issued today by
the Liggett & Myers Tobacco Co.,
manufacturers of Chesterfield
cigarettes, in connection with the
opening of an advertising cam
paign in 1900 papers throughout
the United States. They say:
"ThiS company is one Of the
largest users of newspaper space
and it believes that newspaper
advertising can definitely assist
to inspire the sane thinking
and constructive planning
which will lead us back to a
SOunder policy,
The Washington times., 1931-06-11
Shipping Board Asks
Bids on JERSEY Piers.

The Shipping Board today
authorized the advertisement
for sale of the Government
owned piers at Hoboken. N. j.,
bids to be received 80 days after
the commencement of advertising
Such advertising will be started
within few days. The board
specified. however, that the speci-
fications and invitations to bid
contain an upset price of $4,282,,
600.
Terms under which sale Of the
pier property will be approved in,
clude a az per cent good faith
deposit with each bid; payment of
71a per cent upon execution of
the contract within 10 days after
notice of acceptance of bid;
% rs per cent at closing within
As days after date of the con
tract: and the balance of 66 2-3
per cent to remain on purchase
money mortgage. payable in five
equal annual installmentS, with
interest on unpaid balances at the
rate Of 5 per cent.
The Washington times., 1931-06-11
Wall Street
Hears:

That the railroad stocks
should be watched for the clue
to the general market trend.
That Loew'S NW) has re-
Gently been under accumulation
by interests identified with the
amusement industry.
That American Smelling
(AR) will show 81 a share
this year.
That Grigsby- -Grunow (GGZ)
will show a substantial deficit
for the fiscal year ended May
81, 1881.
That buying Of chemical
stocks recently has been i'm
preSSiVe.
That the short interest Is
still large,
The Washington times., 1931-06-11
PLAN PROGRAM
FOR LADIES

Ladies' attending the sessions of
the District of Columbia Bankers
Association at Hot Springs, Va.
next week will find that a COM
plete program for their entertain
ment has been made out.
A special committee, composed
of wives of prominet bankers,
has been busy for several weeks
making plans for various kinds
of contests and other forms of
entertainment.
An afternoon tea will be held
at the Casino. A putting contest,
special luncheon and bridge par
ties, and dancing have been
planned.
The committee in charge of the
affair consisted Of the following:
Mrs. Lanier P. McLachlen, Mrs.
E. j. McQuade, vice chairman; ;
Mrs. Claude H. Woodward, Mrs.
F.. H. Cox, Mrs. H. j. HoSkinson,
Mrs. C.. F. Jacobson, Mrs. l.. E.
Schreiner, Mrs. A. S. Galley, Mrs.
C. H. Pope, Mrs. George o. Vass,
Mrs. Frederick P. H. Siddons,
Mrs. j. Frank White, mad Mrs.
Wilmer ]. Waller.
The Washington times., 1931-06-11
financial Ne U.S. Stocks Bonds, Commodities and CONNER
Small Bull Market Due
Soon, Trade Editor Says

That the United States will not
witness another orgy of stock
speculation like that which came
to an end in 1929 for at least one
or two generations in the future,
but we are already on the
threshold of a smaller normal bull
market were the assertions OF w.
Schabacker, financial editor Of
Forbes Magazine, in an address
yesterday before a group Of pub
lie utility officials attending the
National Electric, Light ASSocia-
ton convention at Atlantic City.
Reviewing briefly the market
history of Great Britain from the
seventeenth century on, Mr..
Schabacker showed that tremen-
dous waves of unreasoned specu-
lative enthusiasm, like the Brit
ish South Sea bubble affair, swept
that nation only about every 80
to 100 years. He said:
"The world has increased its
tempo since the 16OO'S and the
zoos of the British golden age,
but 1 think the world pattern of
human psychology remains es-
sentialIy the same today. Our
boom peaks may come closer to-
gether in this golden age of
America, but it seems unlikely
that the general run of stocks
will be bid up to such exOrbitant
heights as were witnessed in
1929 until a second, or even a
third, generation has arisen and
has had time to forget the hard
lessons of Americas first ma
tiOn-wide stock gambling orgy.
1--WE are very near a turn
right now from our long bear
market into a new bull trend,
The Washington times., 1931-06-11
MART VOLUME {
DIMINISHING

A fact not generally apprecia-
ted is the rapidly diminishing
volume of sales at which success
sive downward waves of the
market since 1929 are taking
place, Stetson & Blackman, New
York bankers, state:
Calculating the highest rate
Of sales on the New York Stock
Exchange during each Of the
principal crashes in prices, for
any 27 consecutive hours equal
to a normal week Of trading,
but not always cO-extenSive
with the calendar week., there
results the following table: No
vember, 1929, 59,3OO,OOO shares;
May, 1880, 33,7OO,OOO shares;
June, 1880, 26,5OO,OOO shares;
October, 1880, 22,1OO,OOO shares;
Dec ember, 1880, 20,1OO,OOO
shares; April, 1881, 17,5OO,OOO
s.lares, and May, 1881, 13,1OO,-
600 shares
"'ThuS it will be seen that the
bear market is steadily drying
up in point of volume Of sales,
and it will not be long before a
balance will be struck between
liquidation and bargain hunt
ing-investment demand. When
that balance is reached, the
scales will tilt the other way
and generally improving prices
will result.
"TOO many people are look
ing for a last grand crash at
very heavy volume of sales.
Fortunately, and quite natur-
ally, major bear markets end
on comparatively small volume
and usually spread over quite
period of dullneSS."
The Washington times., 1931-06-11
National Dairy Bond
Rdtin0 Advanced

The rating of the 5A per cent
debenture bonds of the National
Dairy Products Corporation, due
in 1948, has been advanced from
A to AL by the Standard Stats
tics Company, Of New York. The
margin Of safety here is wide.
Equities have been increased
through the sale or exchange of
stock for additional properties
and the financial condition of
the company is strong.
The Washington times., 1931-06-11
PENNSYLVANIA'S ENGINES

1t is likely that the PennSyl-
vania Railroad Co. will place
orders in the near future for
mechanical equipment for the $50
electric locomotives for which
orders for the electrical appa-
ratus were placed with the West
inghouSe Electric & Manufactur-
ing Co. and General Electric Co.
little over a week ago. The
cost OF the electrical apparatus
was $16,0O0,000, and the cost of
the mechanical equipment pfob-
ably will be somewhat over
$6,000,000.
The Washington times., 1931-06-11

which turn anticipate will
show itself before autumn Of
this year. l have said that this
new bull market will probably
be a much smaller one than
1929. If it materialiZes expect
its normal duration might be,
perhaps, from one to two years,
and it could carry our average
index of stock prices back up
to the levels prevailing last July
or August, which would be an
advance from 80 to 100 per cent
over current levels.
There is no definite rule as
to whether business or the stock
market makes its turn first but
am inclined to feel that the
stock market will rise before
the upward turn in business has
ecOme definitely apparent.
This should logically be true be-
cause corporation officers and
insiders can see the turn in
business before the industrial
indexes are published which
show the actual turn to the
naked public eye.
"The most favorable action Of
the market from now on would
be at least a week or two of
quiet and irregular cunning
about on reduced volume. This
would signal that the neceSsi-
tOus liquidation which ha 8
barred permanent recovery for
SO long has come to an end and
the stage would again gradually
be set for the constructive
forces to take the helm and
lead into a really strong up
ward trend, to reach definite
proportions by the end Of July
ov AINn hnmi,Ans~nu - A~amnaC$ -