davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
STEALS PLANE TO
'KIDNAP' CHILDREN
Embryo Pilot Scars to
Mountain Retreat With
Son, Daughter.
By United Press

DV CNttCu PTGSS
INDEPENDENCE, Cal, Aug. 25.-
A father who was accused of kid
mapping his two children and flying
away with them in a stolen air.
plane was believed hiding today in
a cabin high in the Sierra Nevada
mountains.
Henry Billingsley, 40, of Lone
Pine, took the children from their
mothers home in Bishop, escaped
in an airplane in which he had
been taking flying lessons, and
landed on the floor of dry lake
in the shadow of Mt. Whitney, Off
GERS said.
There pursuing deputy sheriffs
lost trace of the three. Posses were
organized to search the mountain
trails leading away from the lake
bed.
Officers marveled that Billings
ley and the children, Jean, 8, and
Harry, 5, escaped injury, for he
had had only nine hours of instruc-
ton in an airplane.
Billingsley approached Stanley
Shoemaker, from whom he had
been taking flying lessons, and
asked him to take the children for
a flight.
Shoemaker spun the propeller
and before he could enter the ship
he said, Billingsley seized the con-
trolls and raced the plane down the
field. The ship wobbled danger
ously and Billingsley narrowly
avoided crashing.
Airport throughout the state
we're notified to be on the lookout
for the man. They were told Bill
ingsley had threatened to kill the
children and himself because of
marital troubles.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
WITNESS LAW BEFORE
NEW YORK ASSEMBLY
Special Session Tonight to Include
Study of Relief Problem.

By United Press
ALBANY, N. Y, Aug. 25.-The
New York state legislature will be
convened in extraordinary session
today, primarily to enact a law CIV
ing the Hofstadter investigating
committee full powers to grant i'm
munity to witnesses.
More important to the average
working man, however, was the fact
that the legislature, at the recon-
mendation of Governor Franklin D
Roosevelt, was to consider means of
alleviating the unemployment Situa-
ton and the distress of the jobless
this winter.
The wet issue also will be consid-
cred. Assemblyman Louis A. Gu
villier Dem) has announced he in
tends to submit a resolution petit
tioning President Herbert Hoover to
call a special session of congress to
modify the Voltead act, and legalize
the manufacture and sale of beer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25

S-sh-shl Gather closer and
look at the upper photo!
Bootlegggers? you ask. You're
right, they are "bootleggers" con-
gregating under the Millersville
bridge across Fall creek-bootleg-
gers of car washes.
Daily the creeks bed is used
as rack for car polishers, who
want to keep the water bill at
home normal.
A fine rn-around drive is pro-
vided on the creeks sandy beach.
Lower Photo-Donald Budden-
baum, II, of 1881 Ruckle street,
pouring a jug of the aqua pura
in the radiator of his car. The
jug is one Of those "might-have-
been" pieces of crockery that's
lost caste since prohibition.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
URGES DRIVEWAY TESTS
Property Owners Asked to Notify
City Engineering Department.

Property owners having driveways
constructed today we're asked by
City Engineer A. H. Moore to notify
the city engineering department in
order tests may be made to as
certain if specifications are being
followed.
Moore's request followed numer-
Gus complaints from property own
ers that driveways have been made
of inferior materials and have gone
to pieces in a short time.
Moore asked that his office be
notified in time to permit taking a
sample Of the concrete mixture
while it is being laid. In this way
a report on materials can be OBJ
tanned before the contractor is paid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
TROOP RULE is
BOOST FOR OIL
Prices at Highest Point
Since Texas Flood
BIZ United Press

By United Press
AUSTIN, Tex, Aug. 25.-The first
step toward recalling the national
guard in east Texas and letting up
on the martial law which has
closed the Rice oil field and all the
flush fields of Oklahoma was
planned today at meeting of the
Texas railroad commission to pre-
pare new conservation orders.
Since Governor William H. CAL
falfa Bib Murray invoked martial
law in Oklahoma, and Governor
Ross S. Sterling called out troops
in Texas, prices have come to their
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
STEAMER GOES AGROUND
So Lives ImperiIed as Gale Sends
Ship on Rocks.
By United Press

By United Press
VINEYARD HAVEN, Mass, Aug.
-Fifty-there lives were imperiled
Monday night when the inter-island
steamer NauShon, caught in a
sudden northeast gale, was swept on
crazy course down Vineyard
Haven harbor and grounded.
At the end of her wild dash be-
fore the wind, the stranded ships
twenty-ei passengers were taken
ashore in lifeboats. The crew of
twenty-five returned and spent the
night aboard the Naushon, flagship
OF the inter-island fleet, which was
expected to be f1oated today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
D0-X LEAVES MIAMI
Flying Boat on First Stage of Hop
to New York.

BV UNltCd Press
MIAMI, Fla, Aug. 25.-DO-X,
Germany'S transatlantic Seaplane,
left at tbs a. m. today on the first
stage of its northward, coastal flight
to New York. 1t planned stops at
Charleston, S. c., and Norfolk, Va,
and was due at New York late
Wednesday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
FARM BOARD FAILED
Brazilian Coffee Deal Draws Ire of
st. Louis Firms.

By United Press
ST. LOUIS, Aug. 25.-The federal
farm boards plan of exchanging
wheat for Brazilian coffee brought
a protest. form st. Louis coffee COM
panies.
A telegram sent to Chairman
Stone of the board in behalf of
coffee interests here by David
Evans, president of the David Evans
Coffee Company, said, Feel coffee
business today demoralized enough
without adding additional burdens
and uncertainty that this exchange
surely will cause"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
TEST VICTIMS NERVES
Bandits Tie Clerk Near Safe, Free
Him Just Before Blast.

By UHtcd Press
ASHLAND, Pa, Aug. 25.-Two
unmasked bandits thoroughly test
ed the nerves of Vincent O'Hearn,
30, night clerk at the Reading COM
pany station, today, O'Hearn told
police in reporting a $3.50 robbery.
He said that the men struck him
and threatened him with death un-
less he told them the combination
of the safe.
Finally they set a nitroglycerin
charge and made O'Hearn stand by
the safe as the fuse caught fire and
burned toward the charge, he said.
just before the explosion they per-
mitted him to join them in small
sideroom to which they had re-
tired. They obtained about $3.50
from the wrecked safe and fled III
an automobile.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25

MnTInE. All stores will be closed today
(Tuesday) to re-arrange our
mammoth stocks and slash original prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Buying a Bond
BY GEORGE t. HUGHES.

Having determined the position in
the capital structure of bond the pur-
chase of which is contemplated and
having ascertalned the nature of the
assets on which it is a lien directly or
indirectly, the next tpoint for examina-
ton is the earnings which must fur
nish funds for payment of the coupons
and for meeting the principal at ma
turity.
In the case OF a Government obliga-
ton taxes take the place of earnings.
The analysis runs along different lines
with such issues and we NAV POSTPONE
consideration of them for the present.
combining ourselves to corporation
bonds. 1t is not simply the current
income that is important from the in
vestment standpoint. Theoretically at
least investors buy securities to hold
more or less permanently They there
fore are concerned with the trend of
earnings over the longer period. What
is wanted Is relative stability. not a
boom today and depression tomorrow.
For this reason it has been the Gus
tom to give the preference to railroad
and public utility bonds, which are
obligations OF organizations the incomes
OF wnlcn 40 not vary from year to year
as widely as does that of the average
industrial company Up to very re-
cent times such bonds have commanded
higher market prices and sold on lower
yield bases because they we're consid-
cred more conservative. Just now the
railroads are under cloud and their
bonds have lost much of the former
popularity. Whether thev will regain
1t or not remains to be seen, but the
point here is that the investor is in
terested in Notwithstanding margin of
safety for the service on his bond or
If not Misunderstanding as near to that
as may be
This is the explanation for the high
favor IN which the utility issues are
held just now. The income of the cleo
trio light and power company has stood
up better during the depression than
that of any other kind of INDUSTRY.
There is no set rule as TO an ADEQUATE
coverage of interest requirements The
New York State savings bank law
makes railroad bonds legal invest
ments if they earn their interest
charges one and one-half times prob
ably there is a safe ratio for utilities
also. but in the case of industrials more
IS demanded
(conyrisht, 1912
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
BOND PRICES GAIN
IN ACTIVE MARKET
New High Average Reached
in Recovery-Many Issues
in Demand.
BY F. II. RICHARDSON.

Special Dispatch 10 The star.
NEW YORK. November 4.-Bonds
advanced in active trading today
reaching a new high average price on
the recovery. While the improvement
in bonds in the past five sessions has
only been a point in standard statistics
index of 60 issues, the actual gains in
the second-grade group have been
much greater. The heaviness of prime
issues last week has held down the
average advance.
While the stock market was dun re-
flccting reactionary grain markets and
further weakness in foreign exchanges.
bonds had number of independent
factors on which to base an advance
For one thing. the States of Missouri
and Minnesota both sold issues of bonds
around 4.25 per cent yield basis.
These constituted the first long term
loans of any size arranged by a State
or city since England went of the gold
standard on September 81 and marked
the end of the reign of nervousness in
high-grade bonds since that time.
New York State As as a consequence
were bid for at better than per cent
yield basis and many other prime mu-
nicipals were in demand. United States
Government bonds gained small
amounts and high-grade corporation is
sues were also higher. Atchison gem
eral As, for instance, touched 90, a new
high, on the recovery and up points
from their recent low. American Tele-
phone SIS we're firm around 1929 and
American Telephone 512s were quoted
close to l06. Firmness characterized
Norfolk 81 Western As, Great Northern
rs. Duuuesne Light 41gS. Utah Power
a. Light SIS. New York Telephone AIS
Standard Oil of New Jersey IS and Gen
eral Motors Acceptance IS.
In Junior bonds the most active is
sues were the oils. This buying followed
declaration of the regular dividend by
Standard Oil of California and an adj
vance in oil stocks Phillips Petroleum
514s gained point. Atlantic Refining
SIS. American Petroleum IS, Sinclair
Oil 6Ias and rs, Shell Union SIS. Royal
Dutch As. Texas Corporation SIS and
others rose / to points.
Bonds were firm at the opening. De-
velopments over election day in COM
mondity markets were calculated to aid
the bond market in retaining its firm
tone, even though profit-taking did
force a dip in wheat.
Foreign dollar bonds we're virtually
all higher, the most active improve
ments occurring in German bank
bonds, Young Plan 5i2s and Dawes
Preparations rs. British SIPS were
steady. French government bonds were
higher The South American group
was firm.
In the domestic list the railroad is
sues were again receiving encouraging
support, notably junior bonds such as
Missouri-Pacific 5s, Erie SIS and Nickel
Plate 4ias Industrials, such as Dodge
Bros. 6s and Warner Bros. Pictures IS
reflected the firm tone in stocks. High
grade bonds were firm
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
GOLD STOCKS RISE
AS EXPORTS DROP
Federal Reserve System Has
Billion in Excess of Legal
Requirements.

BY the Associated Press.
NEW YORK. November 4-The Fed
ersl Reserve System has gold reserves
in exces of the legal requirements in the
huge aggregate of some $1,000, 900 900,
says the Federal Reserve Bank of New
York In its monthly review.
This Is despite the fact that the net
loss of gold in october aggregated
$43s, GOO, 900, probably the largest gold
movement ever experienced by this or
any other country The review point
ed out. however. that the outflow di-
minished considerably in the latter part
of october. and that dollar exchange
strengthened to the point where the
profit in further gold takings was prac-
ticaly eliminated
AS a matter of fact. there was a net
gain in gold stocks today of 1888. 800,
on top of a gain of SGT ,439 100 Satur-
day and foreign currencies again de-
clined in the value of the dollar. max
ing further exports Of metal still more
improbable. The days transactions
included imports of 100000 from
Canada and 81 .033. 800 from India and
net releaSe OF meIaI from lOIelgn dC-
count of 100000. Further imports are
believed TO be pending from Asia and
Latin America
The Federal Reserve System still
has reserves in excess of the amount
which it is legally required TO hold
against Federal Reserve notes in clrcu-
lation and against member bank Re-
serve balances and other deposits
amounting to more than 81 900, 900 600
saws the review In addition. there is
about 81 900, 100000 of gold certificates
in circulation in this country. a consid-
cradle part of which could if desired
be replaced by other forms Of cur.
rency.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
BANK STOCKS GAIN
SHARPLY IN MONTH
Help Start Rally
in October.
snecinl nisnatch TO The Star.

Special Dispatch 70 The star
NEW YORK. November 4.-The rise
in the Federal Reserve rediscornt rate
ard f1ymeT open market money rates.
together with formation Of the National
Credit Corporation, resulted in a STIR
ring rally in New York City bank stocks
during October, Holt, Rose & Troster
report. From the record 1891 low of
So, established on October 5. the
weighted bank stock averages rose TO
10 on October "a. At this point
corrective reaction set in which car
ried the averages down to IS On Octo-
Der 20, but in three days, the averages
gained 6 points 10 close october 81 at
II. two points under the highest
point for the month
All of the II issues in the firms
averages shared in the advance, the
leaders being Guaranty Trust. with a
net gain Of 20 points: Contra. Hanover.
90: New York Trust, Is: City, 49,:
Bankers TrusA liza, Corn Exchange
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, November A.
White potatoes. 100 pounds. 75a1 10;
sweet potatotes, bushel, 35a5o; beans.
bushel 50a2 IS; yams. barrel. LOCAL rs !;
beets, per 100, l.50a2.50 brussel sprouts,
per quart. 10a2o; cabbage. bushtl, 40a
60; carrots, per 100, 250a3 so: lettuce.
per crate, 2.50aS.25; cauliflower, crate,
l.00al.7S: celery, crate. l50a2.75; Gu
cumbers. hamper, 2.50a3 SO; lima beans,
hamper, 1.00a3 90: okra. bushel. 2.00a
$50: peppers, hamper 25a75; elephants.
crate, 3.5oa4.09; onions, per 100 pounds,
l.75a2 90; oyster plants, per 100, 5.00a
600; spinach, bushel. 30a60 tomatoes,
hamper, 40al,00 turnips. hamper, 15a
IS; Gamers stock. 2.0ea2.50; lug boxes
apples bushels, 50al. so; cantaloupes,
crate, l.50a2.25.
Dairy Market
Chickens. young. 1920: Leghorns,
l6a17: old hens, 17a23; Ieghorns. old
l2aiT; roosters. l2al4 ducks, l2al9;
pigeons, pair, 25a3o. guinea fowls. pair
25a5S; turkeys, 25a28.
Eggs-Receipts, 924 cases, current
receipts, 22a3O: hennery whites, 38a40:
nearby firsts. 80; western firsts. 80.
Butter-Gooo and fancy creamery
2Sa32: ladies 20a22: process, 24a25
store packed, 15al6.
Live Stock Market.
Receipts. rs head; fair sup
ply market dull
steers-Choice to prime. none; good
to choice, T.25a7 SO; medium to good
60oa7.0o; fair to medium, 5.S0a6.0o
plain to fair. 4,75as.5o; common K
plain, 40oa4.75.
Bulls-Choice TO prime, none; gooc
TO choice. none: medium TO good 4.00a
450: fair TO medium. 350a4 90: plain
to fair, S.25a3.50; common to plain. sec
a325.
Cows-Choice to prime. none; gnoc
TO choice, none; medium TO good, S.1Sa
AIS; fair to medium. 5,25aS.75; plair
to fair 250a3.25; common to plain
1sos25o
Heifers-Choice 20 prime. none. gooo
to choice, s.50eS75; medium TO good
s25a5.5o. fair to medium. 4.75a5.25
plain TO fair. 37aa4.7S; common Il
plain 325a375. Fresh cows and spring
ers 50 ,00a60 90
sheep and lambs Receipts, 500 head
light supply, market higher; sheep, zoos
500. lambs S.5oa7 so.
Receipts 600 head; light sup
ply. market lower; lights. 5.20a5 AS
heavies. 525aS,70; medium, 5,25aS.55
roughs, 3.75a4,75. light pigs, S.l5a5.S5
pigs, 5.ooa5,70.
Calves Receipts 50 head, light sup
ply, market steady; calves, S.5oaSSo; NJ
extras.
Hay and Grain Prices.
wheat-No. 2 red Winter, export, h
quotations: No ? red Winter. Garlick.
spot. domestic, 63i4; November. 63i4
December. 64sa,
Corn-No. yellow. domestic. Spo
IS: cob corn, new, 200 per barrel.
Oats--No white. domestic. spo
SSaS5i2, No ;, S4a34ia.
Rye-Nearby, 45a50.
Hay--Receipts, none. New hay
starting to arrive in increasing Quanti
ties. but so far no oficial grading Ia
ben attempted, selling being strict
on merit. Demand for old hay slo'
and market is duh and quiet. wit
prices in buyers favor at q range {
l4.nnai7.S0 per ton.
straw-No. wheat. s,S0aa.o0 per tor
10, cat. s.00alo.oo per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
TRADERS SURPRISED
BY WHEAT ADVANCE
Reports That Soviet Will Discon.
tinue Selling Grain Prove
Bullish Influence.
By the Associated Press.

by lne Associated eTeSS.
CHICAGO, November 4.-Prices of
wheat fer deferred deliveries, supported
BY public and Wall Street buying orders
but deserted by many professional
traders. were bid up in the Chicago
grain pits yesterday until they were 20
cents higher than they we're less than
month ago.
The steady advance continued in the
face of large amount of profit taking
and apparent selling by the Farm
Board
The manner in which the prices kept
climbing brought from professional
traders the frank admission of their
surprise.
At the maximum prices for yesterday,
deferred deliveries were changing hands
at almost cents higher than Saturday
and at prices that were 40 per cent
higher than the low point on October 5.
Russia's declaration through Berlin
that it had not withdrawn from the
wheat market came after the market
closed. News that the Soviet would not
be an exporter for two years furnished
a striking bullish factor to the re-
awakened market yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Reichsbank Statement.

BERLIN. November (P). - The
Reichsbank statement as of october SC
shows the following changes in reichs-
marks: Gold and bullion decreased
$4,000, reserve in foreign currencies de-
creased i2,l55.000. bills of exchange and
checks increased 3425ls o0e. silver and
other ccins decreased 584T4.o00. notes
on other banks decreased 9.222. 900. adj
vances increased 1o6. 22s. 600 other as
sets increased SO 06e 600. notes in cir
culation increased 3TS,ioI 600, other
maturing obligations increased 33.575,-
600. other liabilities increased al.252. :
600: total gold holdings, i.i44.53e 600 !:
note coverage. 269 per cent, rate Of
discount, s per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Brokers' Comment

NEW YORK. November 4.-Some
brokerage houses laid emphasis on ex-
tsting uncertainties, In their market
comment today. and in general sug-
gested cautious trading and investment
policies
E. r. Hutton a. Cot is evident
that the market has acquired a toler-
ance for adverse news and an inclina-
ton to place a favorable Interpretation
on any development which is open TO
two viewpoints. This seems more Inn
pcrtant as constructive factor than
anything else which has occurred re-
Gently. From a strict fundamental
viewpoint there has been little change
in the outlook which is still clouded.
What has happened Is that whereas
last week and four weeks ago every one
was inclined to believe that storm
lurked behind the clouds, now every one
seems certain that they are screening
sunshine In actuality no one had
definite knowledge while back and
no one has definite knowledge today.
Paine, Weber & Co--Action of
prices Monday did not throw any par
ticular light upon prospects OF early
future trend, except to demonstrate in
creased resistance as the previous tops,
achieved in most cases on Saturday,
October "a, were approached.
John Muir 81 Co-There is no doubt
that recent developments have resulted
in a material Improvement in senti-
ment. However, there are many more
problems awaiting solution, not to
mention the snags to be met before the
more important ones are effectively
dealt with. Something more than mere
enthusiasm over the fact that they are
now recognized and are about to be
given consideration. is required before
the basis for sustained revival is estab-
lished.
Barnstaple Fair, which claims to be
the oldest in England. was opened this
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04

RIGHTS-EXPIRE.
y FL Pw & Lit, Nov. 10. 45 "a "a q
Az %. Poop GU Is i
Sales Of Stocks on New York Exchange.
1890 AM......... 100000 1900 Noon. 100000
Pm 100000 2:10 P.M......... 100000
Dividend n are
latest
xEx-dyesnd 100 tPartly +pius
Payable Plus SO
&C. in stock nj Paid this year-no regular n
2la7s stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
MODERATE RECOVERY
IN INSURANCE STOCKS
Special Dispatch to The star.

Special Dispatch TO The star.
NEW YORK, November 4.-1nsurance
stocks were inclined to share in the
general recovery during october, but
several issues were sluggish, and a desui-
tory rise resulted, Holt. Rose & Troster
report. Opening October / at S5. the
firms weighted averages touched new
1891 low of 80 on October 5, but rose
October - to 80 and closed October 81
at So. for a net gain for the month Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
l0l2. and Chase National, l0i4.
The range for the month follows:

Rise, October 10 october 81. 2t,6 DC
tober to October "a, 3I.1'e' OetooeF ) u
October. 81. 1885,.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Baltimore Customs REGENTS.

BALTIMORE. November 4 (SpeciaD
Customs receipts at Baltimore last
month were reported as $1,l32, 496. 90. a
decrease of $354,20322 from October.
1880, when the receipts totaled $1,466,-
69950.
The receipts for September, 1881.
were 81 1884
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04

Barnstaple Fair, which claims to be
the Oldest in England, was opened this
year by the historic toast in ale cere-
mony.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY,

Barber & Ross. Inc. 6lss...... IS $3.50.
Chevy Chase Se Club s c,nb 5.s l SS ios
D. c. Paper Mfg. IS. ........... . 40
" NJ Cold Storage So. 90 !.