davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
National City Expresses Its
Views After Study of
Prices.
BIZ Times speoial

By Times Special
NEW YORK, Sept 6.-Industry
and trade has nothing to fear in the
immediate future from the effects of
the worst drought on record in this
country, but rather it will react as
a stimulant to fall business in many
sections. the Natioral City bank de-
clares in its monthly survey Of eco
nomic conditions.
Total farm income will have been
increased by higher prices Of farm
products, benefit payments by the
government will tend to sustain
purchasing power in the affected
areas, and the regions not affected
seriously by the drought will have
a prosperous year, the survey lndl-
Gates.
Not Considered Serious
On the other hand, much of what
the farmer gains will be transferred
to the expense account of the in
dustrial worker through higher
prices, while the increased cost OF
manufacture may to some extent be
reflected in lower pay rolls, the sur
vey suggests. This offset is not con-
sidered a serious enough factor to
depresS fall trade.
The cash income of farms for the
year, including $500 100000 in bene-
fit payments, is estimated at S.
100000, an increase over last
year of S9OO,OOO0O0, or nearly 20
per cent. About 10 to Is per cent of
this increase, it is estimated, will
be absorbed by higher prices. Dur
ing the second half of the year, it
is estimated, the cash income Of
farms will total $3,374,000,0 900, COM
pared with $2,995, 100000 an increase
of S379,000,0O0
But the survey points out that
only in about one-third OF the farm
ing area, that worst affected by the
drought, will income be less.
East Important
"The agricultural Importance of
the eastern industrial states is fire.
quently not realized" the survey
points out. 1T may be news to
some that farmers in the north At
lantic and New England states alone
received as much for their milk, eggs
and chickens in 1888 as all the
wheat growers in the country re-
ceiVed for their wheat
In the same year the dairy cattle
men of New York state received
more for their milk than the hog
raiSers of Iowa for their hogs.
Throughout the depression fruits
and vegetables have put more cash
in the farmers pockets than all the
grains combined, or all cotton and
cottonseed combined, and the fruit
and vegetable crops this year are
generally good except in the heart of
the drought country.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
Treasury Statement

WASHINGTON. Sept 6.-Government
expenses and receipts of the current
fiscal year to Sept T. compared with the
corresponding period Of the previous
fiscal year.
This wear Last year
FxpenseS sl0I2 972 448 20 $780,. 763. $50 AZ
Receipts. 5S3 $50 il9 90 $40, 400. SAB 03
Deficit -. 459 422 20 222. 356. 9l5 80
Cash bal 215l458 07639
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06

Federal Farm Mortgage Corporation
3Ls March Is 1964-44 . 1922 90 30
The three latter quotations are in thir-
ty-seconds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
New York Bank Stocks
CBy Abbott. Hoppin & Col
Daily Price Index
BY United Press

NEW YORK. Sept 5.-Dun e. Brad
streets daily weighted price index of thir-
" basic commodities compiled for the
United Press:
tlesO-i932 Average 1907.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
On Commission Row
Sent e.

sept. b
Quotations below are average retail
prices being offered to buyers by local
commission house dealers.
50 25.
Plums-Michigan, large blue bushel
s225; Damsons bushel, 81; Italian, "a
Pears~Michigan Bartletts Dushel. s2.25:
Clapps favorte. 50.
Lemons $3.50
Grapes-California seedless, crate, s1.25
observation-disclosures seedless, s4.25
Watermelons-25c.
BananaS-Pound. SC.
Vegetables
Endie-Ohio . doz.. basket. Csc.
Sweet Corn-Home grown, doZ.. zoe.
Cabbage-Northern. 50-lb. bag, 85c.
Celery.--Michigan medium. dozen 45c;
mmbo; Csc; dog 4, t5ci ov ..o
onions = Washington. sweet Spanish
81 40; western whites, 50,
Picking Onions-10-lb; bag. 75c.,
sl.75: Wisconsin round white. 100-lb. bag.
81 65 Idaho russets. s2d2.50: Kentucky
Cob5lers. bushel, s1.50dl.75.
Sweet Potatoes-Eastern Yellow Jerseys.
Beans-Round stringless, ousheiI, SIPS;
Beets-New. zoe doz.
Carrots-Ohio. doZ.. 35c
Cauliflower-10s-l1s crate. S1.50m1.75.
Lettuce-Outdoor 15-lb. basket. S5c: Ice
berg California. crate. $3.50.
SucuBml 6eTsIHome grown 6g 81
Peppers~Home grown. bu.. s125.
Radishes-Basket of doz.. 65c.
Spinach-Home grown. New Zealand
Tomatoes-Outdoor basket. Soc; bu..
$3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06

NV United Pressl

City grain elevators are paving 90 cents
for No. soft red wheat. other grades
on their merits
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
Made Up Elsewhere

can indefinite number of cita-
lions could be given on this theme,
but the purpose is only to point out
its trade implications. The deficit
in the income of the worst drought
states, compared with last year, will
be more than made up elsewhere,
and the drought states themselves
may not fall behind when relief dis
burSementS are added.
mo collapse of fall trade is
threatened, and there is no evidence
that the larger manufacturing
corporations and retail organiza-
lions expect a further setback. If
fall trade is disappointing it is less
likely to be due to drought than
the obstacles still in the way of re-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
In the Cotton Markets
Sept 5
CHICAGO
NEW ORLEANS
Retail Coal Prices

fne following prices represent quotations
from .eaclnS indiana polls cosl dealers
A e5-cerr carving charge Der ton VII -
accec
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06

CsisneSe Corporation OF America has de-
clsreG the regular quarterly dividend OF
stock payable Oct. / 10 stock OF record
sept. -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06

have much more than their usual
quota Of such obligations. and that
they shortly may have a need for
their surplus funds TO make loans
10 business. They are known also
to have been quite concerned over
the action Of the government bond
market Of late and TO be disturbed
over the recent developments in the
foreign exchange market, suggesting
the possibility Of an international
currency war.
II this is true-and bank fnanc-
ing activities Of late tend TO give It
some suppOrt-the government Is
placed IN a rather embarrassing po-
sitiOn. II has matuTities Of $685.
600 600 to meet on Sept. Is and ST.
200 600 900 on Oct. IS. The banks
ard large institutions have been the
biggest buyers Of government bonds
IN recent months.
COMMENTING on the govern
~ ment bond market in its regu-
lar monthly business survey, the Ma
tional CITY bank said in part:
Revival Of initiation fears, stimu-
lated By the announcements on sill
yer. was undoubtedly a factor in the
lower prices Of government bonds
and high-grade corporation issues
The fact that the drop IN prices oc-
CURED in the face of large and in
creasing supplies Of funds avail
able for investment indicates the
importance of the factor of conf
dence in maintaining the market for
government securities.
That the status Of the govern
ment bond market is far from salts
factory is quite generally admitted.
In the first place. too large per-
centage Of the total outstanding is
held BY the banks and too little by
the general public. The fact that
the average investor is not especially
interested in the tax exemption fea-
ture is partially responsible for this.
Before the government could inter-
est the man in the street with its
bonds it would be obliged TO raise
their Yields. which. in turn, would
make financing too expensive.
IT is not good policy, the Street
Il believes, for bankers to keep too
many of their eggs in one basket.
even though they could get loans at
any time ON their government bonds
from the Federal Reserve banks.
The point is made that there is a
limit. too. beyond which the reserve
banks should 60 in holding such
bonds. inaSmuch as they are. in a
sense an agency Of the government,
which means that the government
would be placed in the position of
holding its own securities.
In all probability. if outright cur
rency imitation were to be INDUCED
in the banks would hasten TO unload
their government bonds on the Fed
eraI Reserve banks. AS a matter of
fact. they could do this on almost
any pretext. In the final analysis,
therefore. the government Is to a
very important degree at the mercy
OF the banks. just as was the case
with New York City some months
ago. On the other hand, though,
il is realized that the banks would be
unlikely 10 take advantage of their
position. The government has an
ace in the hole in that 1t could take
over the banks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
LAFAYETTE.

LAFAYETTE Sept. 6.-Market l5n use
lower. 2oo-25o lbs. 81 -2ol rs: 25o-3oo lbs:
ibs. ssasGs.9o. iso-lso lbs. ss7sas:
iao-is0 ms. $3.50 81 50: i00-170 lbs. $3.50
q S. roughs. Ss2s down; top calves. $3.50;
lambs, Sc down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
Other Livestock
lRv United Pressl

G Ell Sept ,so RsGsiPpts
S SE otf5 sy g SS USer o paH sSS asos
lbs. s7.25G7.5O: I4O-iSO lbs. S65OM 75o
good pigs. S5M6 packing sows. So. 60@ s 80;
ga5 ghs e 49 $a PS gS09 Sn6 bs Sood
and choice. S7M7 so: medium WEIGHS, 200
$50 lbs, good and choice, s745@ 100;
heavy weights :25o-35o lbs, gooda a nd
lbs. medium and choice. s5,75m7; slaugh-
ter pigs lO0-l30 lbs, good and choice.
ceicpts, 1000 commercial. 500 government
better grade fed steers and yearlings,
er grades about steady with recent sharp
decline; better action in general market;
top. sl0.5O on 1.42l-lb. averages; yearlings,
scaling 'o42 lbs SO; several loads , FED
steady: bulls. l5d25c higher: vealers SOC
higher; few selected vealers up TO 50;
sausage bulls to s3:S5; slaughter cattle and d
choice. ss.25m9. 25: 9O0-1 100 lbs. good and
choice, Sc. 5O@ 10. IS. 1901 800 lbs. good
sn nd c6 o6oee ' @ 55S 800 bS
common and medium. S3.25I so; heifers.
550-75O lbs. good and choice. sea g p;
common and medium. s3.50G6; COWS, good.
low cutter and cutter. s1.75G2.75: bulls.
yearlings excluded. good; beef. So ESQ !;
cutter. common and medium; 81 50M5 %;
=
s5m7: Gull and coD.rlon. s4M5; stocker
and feeder cattle: steers, 550-l.050 lbs;
good and choice S4.5C n $50; common ana
medium s3G45O. Sheep-Receipts, 1000;
fat lambs in fairly active demand: indi-
cations fully steady. asking stronger; pest
native and westerns held 81 upward; early
bids under S675: sheep about STEADY;
feeding lambs arm; early bulk, s5.T5 down
ward: best held S6 and above; slaughter
sheep and lambs: lambs. 80 lbs down;
good and. choice. S6.40d7: common and
medium IS asa s so: eve. e0-i5o lbs. good
and choice. sl.75a2s5: all weights: COM
mon and medium. sl5092.25; feeding
lambs. 5O-T5 lbs. good and choice. $3.50
G6.
Fl WAYNE. Sept s-Hogs-s5c lower;
25O-3Oo lbs. s7.I5: 2oO-250 los. 81; 100
200 lbs. $500 l6o-ls0 lbs, $3.50 30o-35C
lbs SIS 90: l50-l60 lbs. s. IS: l40-l50 lbs.
S. 13o-1so lbs. s5-75, l2o-i3o lbs, $3.50:
I0O-l20 lbs. s485; rougs. SIS. stays
$50 calves-s750 Lamhs-s6S0.
LAFAYETTE. Sept. s.-Market. i5a use
lover: 200-250 lbs. 81 20a Us: 25o-5oe lbs;
Ibs. 81. 1se 500: l3o-l5o lbs ss.7sas;
as; roughs. ss.7s down; top calves. $3.50:
lambs Sc down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
Bright Spots


~ ABBOTT Hoppin y Co
Pittsburgh Plate Glass Company de-
clared a dividend OF 80 cents payable
Oct / TO stock of record Sept. 10.
Net profit of Burroughs Adding
Machine Company for six months.
amounting to SI.60I.S0S. averages 30
cents a share and compares with a.net
profit Of siss.90s. or ? cents share. for
the first half of 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06

FT WAYNE. Sept e-Hogs-35c lower:
25O-3Oo Ibs.. s7I5: 2o0-25o los. 81; 100
200 lbs. 500: l6o-1s0 lbs. $3.50; 300-350
s6 13o-Iso lbs. s575. i20-l30 lbs $3.50
IOo-I20 BIS s4.s5; rougs S5.75; staEs
"a So Calves-s7 So LambS-s650
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
Money and Exchange
INDIANAPOLIs sTATEMENT
FOREIGN EXCHANGE

BY Abbott. Hoppin 81 Co.
Sept. s.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-06
New York Curb
(By Abbott. Hoppin g. Col
Sept. s.
Chicago Stocks

BY Abbott. Hoppin g. Co
The Washington times., 1934-07-05
MARYLAND SETS
. PACE IN VOTE

OKLAHOMA CITY, Okla, July
S G.N.SD.-The governorship OF
Oklahoma apparently lay between
Representative E. w. Marland
and Tom Anglin. speaker of the
State house, today as final re-
turns from the Democratic prim-
ary trickled in.
Mr.. Marland leads the field of
Is candidates, almost $4,000 ahead
of Mr.. Anglin.
Returns from $500 of the
States 1882 precincts gave Mr..
Marland 122,2OO votes and Mr..
Anglin 1902. In the third place
and threatening to overcome Mr..
Anglin and gain a place in the
run-off election July "a between
the two high men came Jack
Walton with 66,921.
Nomination on the Democratic
ticket is tantamount to election
in Oklahoma.
The Washington times., 1934-07-05
BROTHERS NEAR
LE7HAL DEATH

ENCE, Ariz., July 5
U.N.SO.-Two young Mex lean
brothers waited calmly in their
cells at the State prison today
knowing that tomorrow at dawn
they will inhale the almond-odored
gas fumes of Arizona's new lethal
chamber for a murder that netted
them only $35.
They are Manuel, IT. and Fred
Hernandez, 10, and with their
hands clasped, in accordance with
their wishes, they will be the first
to die in the syanide-filled glass
cage Arizona has substituted for
the moose.
Two other men are due to fol-
low them in death in the next
few weeks. They are George
Shaughnessy, of Albany, N. Y,
who killed a man during a high
way holdup, and must die July
13, and Louis Douglas, of Astoria.
L. l., N. Y, who shot two aged
prospectors to death.
The two Hernandez brothers
shot to death an aged proSpector
at Casa Grande, Ariz.
The Washington times., 1934-07-05
PHARMACISTS
MEET MONDAY

Brig Gen. Edgar Warfield. 81,
oldest living active pharmacist in
the United States, will head dele
gates of the Alexandria Pharma-
ceutical Association to Hot Springs
to attend the State convention,
which convenes Monday for a
three-day session.
His son Edgar Warfield, jr., who
will accompany him, is president
of the Virginia Veteran Auxiliary
of the Pharmaceutical Association,
composed of persons who have
been engaged in the business con-
tinually for Is years. He is also
president of the Alexandria ASso-
citation. Walter S. Nicklin, past
president, will attend, accompa-
MED by Mrs. Nicklin.
The convention will be presided
over by President James M. Lee,
of Danville, Va.
The Washington times., 1934-07-05
ARMY MEDICAL
TESTS SET

Dates for examination to qualify
candidates for appointment in the
Medical, Dental and Veterinary
Corps to fill existing and antici
pated vacancies in these branches
during the fiscal year 1885 were
announced today by the War De
partment.
Examination dates for the Medi
cal Corps are September "a and
Is; Dental Corps, Ocotber l to 5;
Veterinary Corps, october 8 to II
and Medical Administrative Corps
from october Is to 20.
The Medical Department, the
War Department stated, has had
an unusually large number OF
losses from the service during the
past few months. It is estimated
there will be at least 81 vacancies
in all the branches by october l
Applications to take the exami-
nations should be forwarded di
rect to the Adjutant General Of
the War Department.
The Washington times., 1934-07-05
QUIET FUNERAL
FOR NINE. CUR|E

PARIS. July S G.N.S0 While
the entire world of science and
learning paid homage to her
genius, arrangements were being
made today for a quiet funeral for
Nine. Marie Curie, the small
Polish woman who, with her hus-
band and alone, discovered radium
and taught the world almost all
it knows about radiology.
Nine. Curie died yesterday at
Sallanches in Upper Savoy. She
had been in a sanitarium there,
undergoing treatment for per-
nicious anemia, which was the
immediate cause of her death. A
long accumulation of radiations
during her career as a scientist
was a contributing factor to her
death.
So unobtrusively did Nine.
Curie carry on the work that had
brought her two Nobel prizes, the
only person ever thus honored,
that few people knew of her ILL.,
ness. Her death, therefore, came
as a surprise to all but her
family and a few intimates.
The funeral will be strictly pri-
vate, in accordance with Nine.
Curie's wishes. She will be
buried beside her husband in the
Paris Cemetery. 1t was expected
some official tribute on behalf OF
the French government would be
made at the grave.
That the name of Curie will
be kept alive in the scientific
world was assured by the an
that her daughter,
Nine. Jolliot. and her husband
would carry on the family tradi-
ton at the institute over which
her mother had presided
The Washington times., 1934-07-05
TEACHERS SHUN
POLITICS, SAID

Public school education has
failed to accomplish its original
objective.
This statement was made to.
day by William McAndrew, OF
New York, magazine editor and
director of the National Self
Government Committee. in a
speech before the National Con.
ference on Student Participation
in School Government, of the
National Education Association
at the Washington Auditorium.
Mr.. McAndrew stated the
trainers of the Constitution pro
posed schools should have for
their main purpose "the teaching
of good government-that is,
politics"
He continued:
$50 far have we come from
the original purpose, there is no
case on record Of the people,
through their school boards, Of
diScharging any teacher for fail
ing to teach politics, the thing
schools were made public to
teach.
"On the contrary, many teach.
ers believe that if they should
teach politics they will be out Of
. position"
The Washington times., 1934-07-05
Noise Harmful,
EatsWEnergy;
Teacher Says

The old theory that noise is
good medicine for persons suf-
fering from inability to con-
centrate is a lot of bunk.
Miss Ruth M. VanDeventer,
a teacher in Springfield, ILL.,,
today told the National Associa-
ton of Journalism Advisors
meeting at George Washington
University:
"Whether we realize it or
not, noise does something def
nitely harmful to all of us"
Miss VanDeventer declared
that people use up enormous
reserves of energy in combat
ting noise and that schools
should do something to remedy
this situation.
The Washington times., 1934-07-05

Request that he be allowed to
testify in denial of the assertion
that he suggested automobile
manufacturers "get together" to
bid on Government contracts so
that profit could be made, has
been granted to Norman K. Haig,
managing director of fleet sales
for General Motors. it was an
nounced today by Representative
Paul Kvale (F-L) of Minnesota,
acting chairman of the House
Military Affairs subcommittee in
vestigating the contracts.
Mr. Haig made his request that
he be allowed to testify in a
letter to the acting chairman and
in which he squarely denied that
he had made such a suggestion.
The Washington times., 1934-07-05
PRISON SEEKS
5 TRUSTEES

SALEM, Ore. July 5 G.N.s)
Oregon highways were being
secured today by State patrolmen
and heavily armed prison guards
for five "trusty" convicts who
escaped from the State peniten
tiary annex near here and kid
naped a man.
The convicts were armed with
rifles and shotguns.
The five men, regarded as
model prisoners, made their break
when they had been sent to a
pasture to bring in COWS for
milking. They commandeered an
automobile from Fourth of July
picnic party.
Posses here lost all trace of
the men.
The kidnapped man, held as
hostage, is A. C. Rain, farmer
He was released unharmed.
The Washington times., 1934-07-05
Haig Given Right To Deny
Get Together Auto Bids

The charge involving Mr.. Haig
was made before the subcommit-
tee recently by R. P. Sabine,
Ford agent at Bethesda, Md, who
said that the General Motors
sales director suggested to him
that General Motors, Chrysler
and Ford get together" on Gov
ernment bids.
Similar testimony was given
before the subcommittee by E. C.
Simonds, officials of the Alexan-
dria, Va. Ford plant, who said
that he did not take the sugges-
ton seriously.
It also is expected that when
Mr.. Haig takes the stand he will
be questioned concerning other
charges which have been made in
regard to the General Motors
Company.
The Washington times., 1934-07-05
j. s. BUILDING
SPEEDED

At least half of the projects
in the Governments 167 million
dollar public building program
will either be completed or un-
der construction by winter,
Treasury Department officials
said today in announcing that
the program will be speeded up
soon to create as many jobs as
possible during the summer.
There are about 1913 buildings
already under construction. most
of them post offices, it was an
nounced.
The Washington times., 1934-07-05
STORAGE T.
HOUSE BURNS

LURAY, Va, July 5.-Nearly
century-old landmark and ware
house was destroyed by fire of
unknown origin, discovered at 6
p. m. today by D. D. Armstrong,
watchman at Norfolk and Vest
ern railroad crossing, after the
building was ready to fall in.
The building was used as a
storage place by the Luray Ice
Company and Blue Ridge Cream
cry.
The creamery. a fireproof build
ing, had it's entire back wall
destroyed
The Washington times., 1934-07-05
23 Hawaiiiians
Wear Leis At
N. E. 4. Meet

It's the wearin' O. the green
that distinguishes a son of Erin on
st. Patrick's Day.
But at the seventy-second an
nual convention of the National
Education Association, it's the
wearing of the "lei" that singles
out the Hawaiian delegation in
the midst of several thousand edu-
Gators from all over the country.
There are % Hawaiian dele
gates at the meeting, all of whom
made the 6,0O0-mile journey espec-
tally for the convention now being
held at the Washington Audito-
rum; all of them are wearing
those colored "leis" around their
neckS.
The "lei'' is wreath which the
gay HawaiianS present with so
much ceremony to American Wis
itors in their famous islands.
And there's another thing that
the Hawaiians have that the
Americans have taken to very
we'll. to hear the delegates to the
N. E. A. convention talk.
It seems that American tourists
in Honolulu and similar island
places have learned to do the
"hula-kui' dance so we'll that in
many cases they can dance it as
well as the natives themselves, if
not better.
The "hula-kui" is an advanced
variety of the we'll known hula
hula" dance.
The Washington times., 1934-07-05
u. S. Sets Hearings
On HUrbOrs Work

HEATHSVILLE, Va, July S
Public hearings to consider har-
Dor and channel improvements
will be held by the United States
War Department at Lewisetta and
Oak Grove, in the Northern Neck,
tomorrow.
At Lewisetta the hearing will be
held on advisability of construct
ing stone jetty at the mouth Of
Coan River for protection of the
harbor property. The meeting will
be held at ii a. m. :,
The Washington times., 1934-07-05
Miss Wilder Wed
To Lieut.. POcOck

NEW YORK, July S CU.SO
Miss Laura Louise Wilder, Social
Registerite, of Santa Barbara,
CAL, was married yesterday to
Lieut.. William Stephen Pocock, jr.
of the U. S. Army Air Corps, at
Mitchell Field, L. I. The ceremony
was held in the new Officers Club
at the flying field, with Col. Ernest
w. Wood, post chaplain, official
ing. The former Miss Wilder is
a granddaughter of James L. Pat.
ten, Chicago wheaS magnate.