davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
By United Press

Fl. WAYNE. Ind, April .9l.--Hogs-
10000 lbs, $3.50; 20O-22O lbs. $40: 22o-
lbs. sos: 2s0-s0O lbs. $685.; 30O-s5O lbs.
$685.; roughs. IS: stays. $3.50; calves. $3.50:
wool lambs, 50; clip lambs. IS; spring
lambs $40.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
BIZ United Press

LAFAYETTE. md. April 21.-Hogs-
M sdo s isf 5S GVs s6 fSlf b 0 o Ss 1870
81: 2s0-3o0 lbs. $500: S0O-325 lbs. Sc rs:
l40-I60 lbs ST.25: 120-140 lbs. $40: 100
40 lbs, 81; roughs. Sc down; top calves.
So: top lambs. SO; spring lambs. Sl2,50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21

London bar silver 13Ad. OF lied: for
ward. 10 3-16d. of 1-16d. gold bars. S4s.
924d. of I'D.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21

Chesapeake & Ohio including Rocking
Valley Railways March surplus after
charges and sinking fund appropriations
$1.762,221 against $1.612.142 in March,
1890. Three months S5,0l6 484 against
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21

Daily average production of crude oil
in United States week ended April 10
totaled 2,418, 431 barrels. an increase OF
49, 79 barrels. according to Oil and Gas
Journal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
Report Breaks Liverpool

AT the opening. wheat was 10
to &c lower with May sc off:
corn was unchanged to &c down.
and oats we're of sc to &c. Pro-
visions were fairly active and
steady.
A Washington dispatch stating
that the farm board regarded the
time excellent for selling its large
holdings in Europe and would dis
pose of them before July / broke
Liverpool after a steady start, but
on denial from Washington that
any such move was contemplated,
Liverpool recovered to stand IS to
q cent lower.
Buenos Aires opened rs to IA
cents higher. The weather uncer-
tainties are creating an unsettled
feeling, Mondays weakness being
due to rains in the northwest. Much
colder weather was experienced last
night from the Rockies to the low
er lakes with rain or snow in most
of the area east of the Mississippi
river and with snow in Kansas and
Nebraska.
Corn Receipts Bearish
The increasing receipts of corn at
terminal points with a very dis
couraging cash demand have
coupled to weaken the maize pit.
The decrease of GAL 900 bushels in
the visible supply was not impress
sive in view of. the opening of lake
navigation. The weather is very
unfavorable for field work.
Trade in oats is running light.
The cash demand is better than for
corn and cash houses are trying to
fulfill requirements.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
Investment Trust Shares

(By r. II. Gibson & Co..
PRICES ARE TO IL NOON C. S. T.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
Chicago Grain Table
New York Liberty Bonds

CHICAGO, April 2l.-Carlots: Wheat. oS;
corn. 230; oats 81: rye. 2. and barley. II.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-04-21
RAW SUGAR PRICES

April 90
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-06
Regulation Of B7EItoards

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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-06
The Once Over
SHAkE THAI COLD

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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-06

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The Washington times., 1931-03-06
OIL IMPORT CUT
NEGOTIATED

Following a White House con-
ference yesterday, kilograms were
sent to the governors Of Kansas,
Oklahoma, Texas, New Mexico
and California informing them
that negotiations had been opened
with the large importers of petro-
leum to have them regulate their
imports with domestic production.
Secretary Wilbur, who sent the
telegram to the governors, said
that the negotiations already had
been productive. The Standard
of New Jersey and the Mellon in
tereSts, as we'll as other large i'm
porters, have agreed to work out
a plan for harmonious relation
ship between the importer and the
home producer, but the Standard
of Indiana, so far had declined to
cooperate. Wilbur said.
Secretary Wilbur added that in
his opinion the problem could be
worked out without calling a new
conference of the Presidents Fed
eral conservation board, the gov
ernors of the interested States
and the leaders of the oil indus
try. Others at the White House
conference yesterday were Secre-
tary of Commerce Lamont and
Attorney General Mitchell.
The Washington times., 1931-03-06
POWER PROFITS
GAIN IN 1880

Three Power Companies re-
porting today, show gains in 1890,
over 1929:
Electric Power & Light Corp
Net income for year ended De-
cember 81, 1880. amounted to
$10,247 ,685 equal after preferred
dividends, to $285 a share on
1,876,838 common shares, COM
pared with $9,7O8274 or $2.98 a
share on 1,813.993 common shares
in preceding year.
Engineers Public Service Co.
Twelve months ended January 81,
1881. net income $6.988,754, equiv
alent after preferred dividends, to
$2.61 a share on 1,909,635 no-par
common shares, compared with
$6,413,552 or $2.46 a share on
1,814,174 common shares in pre-
cednig twelve months.
Tri-UtilitieS Corp.-Consolidated
gross revenues totaled $38,477, ,007
for the year ended November 80,
1880, compared with $35,934,501
in the preceding twelve months.
Operating expenses, maintenance,
depreciation and depletion and
taxes, including Federal income
taxes, totaled $2O,324,775 against
$19,436,490 Gross corporate in
come $18,152,232, representing an
increase of $1,654,221 or 1902 per
cent over the twelve months
ended ended November 30, 1929.
The Washington times., 1931-03-06
FOX PLANS NEW
FINANCING

NEW YORK, March 6.-PlanS
for financing the $55,O00,O00 Fox
Film Corporation notes, which fall
due Apil Is, will assume greater
proportions than just taking care
of this issue, it was learned to-
day.
The total financing program
will reach about $80,000.000. This
will not only refund the notes
but will take care of obligations
involved in the acquisition of the
Fox West Coast Theaters and
give the corporation additional
working capital.
Three Phases
Three pieces of separate finan-
cling will be included in the pro-
gram, it is understood. While
the exact details have not been
worked out and will depend on
the state of the security markets
next month, it was learned that
new issues will include long and
short term bonds, probably of a
convertible nature, and some COM
mon stock.
Decision to include Fox West
Coast Theaters in the program
was reached in order to eliminate
a constant drain on the earnings,
it was stated. When this chain
was acquired bankers stated the
terms included large annual pay
ments until the purchase price
was paid off,.
Stock as Collateral
The $55, ZOO, 900 6 per cent notes
falling due next month are
secured in part by Fox's 48 per
cent interest in Loew's, Inc,
which amounts to 100000 shares.
At current prices this stock has a
maket value of almost 500, ,O0O,-
900.
This stock is expected to be
put up as collateral against the
new issue refunding the notes as
we'll as Fox's British Gaumont
holdings. The other issue is ex-
pected to be secured by real
estate holdings Of the West Coast
Theaters.
The Washington times., 1931-03-06
GAS
HAS BIC YEAR

Notwithstanding the depressed
conditions of business the Consoli-
dated Gas, Electric Light and
Power Company, of Baltimore,
sold more electricity, more gas,
more steam and more appliances
in 1880 than in 1929.
Annual report of the company
received by shareholders today
shows total gross operating reve-
nue. of $685., ,423.O1 for 1880 as
compared with $28,017, ,878.46 in
1929, an increase of over 2.01 per
cent.
Net after retirement expense of
$2,074,525.21, taxes, fixed charges
and operating expenses was ST..
262,617.39 as compared with ST.
627, 1851 in 1929, decrease of
4.7 per cent.
The company entered the period
of business depression with a re-
duction in electric and gas rates
which produced a saving to it's
consumers for the year of $1,281,-
1877.
The company paid to its COM
mon shareholders in dividends
during the year 4,O82,972.97 as
compared with 1929, 1859 in
1929.
Dividend disbursements on the
preferred shares in 1880 totalled
$1,11O,25978 as compared with ST.
O45, 5,077.12 in 1929. The number of
outstanding preferred shares hav-
ing increased.
The Washington times., 1931-03-06
CAPITAL TRADE
NEWS GR|ST
|SHEAVY
Veterans Demand That Profit
In Industry in Future War
Be Eliminated, Is Feature

The feature of the Capitals
grist of business news today Is
the demand of the Veterans Of
Foreign Wars and the Disabled
American Veterans, appearing be-
fore the War Policies Commits
sion, for the elimination Of
profits to industry in any future
war in which the United States
may engage.
The workings of this new Presi-
Dental commission are being
watched closely throughout the
world.
Differ on Motor Buses
Pyke Johnson, local representa-
tive of the National Automobile
Chamber of Commerce, before
another government regulatory
group, the Interstate Commerce
Commission, was urging Federal
regulation of motor buses in in
terstate commerce. On the other
hand Thomas H. Macdonald,
chief of the Bureau of Public
Roads, contended that these
vehicles are paying to States and
municipalities their share of road
costs.
Across the Potomac in Virginia
a citizens mass meeting protested
the introduction of convict labor
on the Lee Highway in Arlington
county.
Senator Robert F.. Wagner, of
New York, reported many Gov
ernors have written him of plans
in their respective states to enact
legislation to permit advance
planning of public works to help
provide jobs and stabilize business
when another cycle of depression
shall appear imminent.
Tax Worry Over
Senator Smoot and Representa-
tive Will r. Wood, relieved the
worries Of taxpayers all over the
country by issuing statements as
suring that no imminent income
GoA DOOOG 10 PAODhDAC' uCOHAGC UAAS
$500,000 Treasury deficit predicted
for June.
Another step in unscrambling
local real estate financing was
taken when an application for a
receiver for the Bellevue Hotel, Is
E St. N. W., was filed in the Dis
trict Supreme Court by Minnie A.
Strassner, a resident there.
Chairman Legge, of the Farm
Board, issued a new warning to
farmers to cut crops this year if
they are to expect higher prices
for their products It is no part
of his job to explain how the mil
lions of workers, unemployed and
on part time, are to pay higher
prices for food they are unable to
buy in sufficient quantities at
present prices.
Many other business items Of
local interest will be found in
other columns on these pages.
The Washington times., 1931-03-06
RALLIES
FORESEEN BY .
HANEY
Economist, However, Sees
Few Grounds for Belief
UpsWing Is Yet on Horizon
By LEWIS HANEY

By LEWIS HANEY
Director NeU York University Bu-
reGu of Business Research
and Former Economist of
Federal Trade Commission go
1t is well to consider just what
has been going on in the stock
market during the past two.
months and where we stand
now.
In December the market had
become badly oversold. Many
good stocks had been depressed
below normal values. Even some
of the old blue chip stuff had
nearly come down to reasonable
levels.
Money Accumulated g
Money had accumulated in
large amounts here in New York
and pools or syndicates were
eager to use some Of it. AS the
turn of the year approached and
the natural hopes of improve
ment in a new year could be
supported by pointing to season.
al gains in business, the pools
got busy. -
They began by driving in the
shorts in certain stocks whose,
supply is small. These included
auburn, Case, etc. Then they
took up vanadium. Foster Wheel
er, Radio and others. Final
ly, scores of small groups were
working in numerous low-priced
issues.
So Al early "spring rise" was
engineered. The heavy short In,
terest as forced to cover, and
in addition the growing number
Of pools bid up their issues.
The Washington times., 1931-03-06
To RULE
On CHAIN TAX

The Supreme Court today holds
the fate of many anti-chain store
tax laws enacted by State legis.
latures.
The Indiana chain store tax
law, similar to those of many
other States, was taken under ad.
visement by the court in an ap-
peal involving the attempt to tax
Lafayette Jackson, operator of 225
grocery stores in indianapolis.
The Indiana tax, graduated so
that the more stores in State
the higher the tax is proportion
ately, was aSSailed as unconStitu-
tional because it allegedly discrim-
mates in favor of the individual
store owner.
Joseph w. Hutchinson and
George w. HufSmith, deputy at
torney generals of Indiana, frank,
ly admitted to the high court that
the purpose of the tax was to hit
chain stores.
They relied upon past decisions
of the Indiana supreme court to
assert the complete power of the
State to enforce the tax. arguing
whether Indiana acted wisely or
not, the high court had no juris-
diction to interfere.
The States attorneys, however,
were subject to some rigorous
questioning by members of the
court, particularly Associate JUS
tices McReynoldS and Butler.
The justices apparently were
not impressed by the argument of
the States attorneys that the tax
is justified to prevent a possible
monopoly. and refused to admit
that the principle had been up
held in a theater tax case.
The Washington times., 1931-03-06
NEW GAS WELL

A natural gas well with an
open flow capacity of 100000
cubic feet daily has been brought
in by Commonwealth Gas Cor
poration, wholly subsidiary
Of Appalachian Gas Corporation.
according to announcement of
Ross Holmes, chief engineer. The
we'll, which is larger than the
average for the district, is in the
Ashland County, Ohio, field, and
brings the total number of pro-
ducing wells owned by the cor.
poration to 100.
The Washington times., 1931-03-06
Wages Support Industry
Riggs Bank Head Says

thought pat the other day, say
ing:
"The first duty of industry
is to pay Qiving) wages."'
Robert V. Fleming, president Of
Riggs National Bank, puts it this
way:
Americas standard of living
can only be maintained by the
continuation of our scale Of
compensation paid in salaries
and wages, thereby supplying q
buying power in support of our
industries. This vital factor is
recognized by practically all
employers of labor"
Mr.. Fleming perhaps might
have been induced to expand on
this, but his interviewer found
him still gasping from his ardu-
Gus laborS as general chairman
Of the recent Atlantic States
bank management conference
here, and lacked the heart to
press him further.
Anyhow, Mr.. Fleming's brief
statement sufficeS to put him in
the forefront of those who are
thinking the way out to an i'm
proved economic system wherein
such cycles of depression as the
one now troubling the world will
be impossible, in the meanwhile
attempting to mitigate present
SufferingS.
Mr.. Fleming perhaps is over
optimistic in believing that "prac-
tically all employers of labor" are
Of his belief, but his and kindred
leadership should win at least a
majority soon to this understand
ing.
The Washington times., 1931-03-06
Market Is Proposed
For Silver Futures

NEW YORK, March Grad
ing in silver futures on the Ma
tional Metal Exchange of New
York has been proposed and a
committe appointed to investigate
the possibilities Of such a market,
it was announced today. Such
trading would give New York the
only formally organized and
housed silver future market in the
market.
Silver brokers generally ex-
pressed some Skepticism over the
possibilities of such a market.
They admitted. however, that if
speculative following could be
built up, it might prove advan-
tageouS.
The Washington times., 1931-03-06
HEADS PHONE COMPANY

RICHMOND, Va, March 6.
Robert S. Atkins has succeeded
E. Lockert Bemiss, jr.. of Rich,
mond. as commercial superin
tendent of the Chesapeake and
Potomac Telephone Company
Mr.. Bemiss has been appointed
to succeed w. H. Collier as gen,
eral commercial engineer of the
company,
The Washington times., 1931-03-06
". T. Grant Sales
Gain in Febru0rU

Sales of W. T. Grant Company
for February, 1881, totaled $4,347,-
489, an increase of 1108 per cent
over the $3,913.591 sales reported
in the corresponding month in
1880.
Sales for January and February
totaled $8,457 .655 as compared
with $7,697, ,202 for January and
February, 1880, an increase of
9.87 per cent.
The Washington times., 1931-03-06
Steel, Plate Orders
Decline in JQnuQru

New orders for fabricated steel
plate during January totaled 23,-
275 tons, against 26,787 tons in
December and 57,083 tons in
January, 1880, according to De
partment of Commerce. Orders
for commercial steel castings
during January totaled 46,631
tons, against 49,387 tons in De-
cember and 101,500 tons in Janu-
arY, 1890.
The Washington times., 1931-03-06
DeIiUery of Grain
In Car Lots Halted

- CHICAGO, March 6-Directors
of Chicago Board of Trade had
under consideration a PROPOSE
tion to make car lots of grain
regular for delivery on March
contracts, but decided that while
there was an extremely tight
storage situation no emergency
exists at present time, and it was
intimated that all of the grain on
track would be cleaned up.
The Washington times., 1931-03-06
India Bonds Strong
On London 'ChUn0e

LONDON, March 6.-Indian
bonds were strong on the Lon
don Stock Exchange, following
the agreement between the vice
roy and Gandhi. Various Indian
issues gained an average of from
: to 11a points.
Rio Tinto shares were weak
at E2712 on a rumor that the
company plans to issue shortly
G2,0O0,000 of S per cent deben-
lures at 90.