davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
Produce Markets

Delivered in Indianapolis Prices-Hens,
lie; Leghorn hens, &c; Leghorn springer
stays, &c. large springer-s!ags,- &c; cocks,
ducks, full feathered and fat, Az lbs. and
over, Sc; geese, &C; young guineas. ~ to
8 lbs, zoe; old guineas, 15c; No: l strictly
full case must weigh 5 lbs. gross; a de;
duction of 10c a pound for each pound
under IS lbs will be made. Butter-No. /,
27q28c; No. 2. 25Q26c; butterfat. 20c.-
quoted by Wadey
(By United Press
CHICAGO. May 18.-Eggs- Market: I'M
fresh graded f1rsts. 15a4c; current receipts,
checks No. /, 18lac; No. 2, I2c Butter
Market. steady; receipts, 1890 tubs extra
arsts, 9O-911s score, 222sc; frsts, 80
22i &c; specials. 23@231ac; standards, 23c.
Poultry Market, easy; receipts SO trucks,
car; hens, light. 12l2c; heavy hens, IT,
ored and white rock. 22c turkeys, 18c
heavy spring ducks, liza 13c; Leghorns. No.
2, &c; capOnS unquoted; rock fryers 26c.
I3l4c: Longhorns. 13M i3i4c Potatoes
old stock-Supply moderate; demand and
trading slow; market, about steady; Idaho
Wisconsin Round Whites, $120; unclassi-
fed. 85c; Minnesota Cobblers, car 81 .05.
Arrivals-76; on track, 1879; shipments $40.
CLEVELAND, May 18-Butter- Market,
steady; extras, 27c; standards, 26l2c. Eggs
Market, steady; extra white, lac; cur
colored fowl, 6 lbs and up. 15c; .colored
fowl medium Ice; Leghorn fowl, 3l2 lbs
and up, lac; Leghorn fowl light. 13c;
broilers, colored ordinary, @24c; old
roosters, 10c; ducks white 5 lbs. and up
I4@ 15c; broilers fancy 26@27c; Leghorn,
20m22c; broilerS Leghorn light, l8@ zoe
Potatoes Florida best. mostly s5G5.25 per
bbl; Alabama, s2.25@2. 40 per 1O0-lb sack;
Texas SIPS per 50-lb. sack; Idaho S1.70
M1.75 per 100-lb. sack; Ohio, $1.4O per
100-lb. sack
NEW YORK. May 18.-Potatoes. steady;
S1.15d1.75 barrel; Main S1M2.75 barrel;
Idaho, S1.75 sack; Bermuda, Sc barrel
swset potatoes STEADY Jersey o basket
springs: patents, $6.85M7.1O barrel. Pork
firm; mess, $20.25 barrel. Lard. firm; mid
die west spot, S4.l59s4.25 per 100 lbs
Dressed poultry, steady; turkeys, 12q27c;
pons. 21@24c; fowls, 12@1 tic; Long Island
ducks. 15G16c. Live poultry, quiet; geese,
safe: turkeys loo 17c rosers, 10c: ducks.
8@12c; fowls, 14d tic; chickens 10c; ca
pons, 22c; broilers. 10d23c. Cheese quiet,
state whole milk; fancy to special 1874 19c;
ceipts, 9,195 packages; market. unsettled.
Creamery, higher than extras. 2434 @2512c;
score. 2314@23a4c; first (88 to 80 scorel,
22l2@22s4c; SECONDS. 22c; centralized 80
22l2M2234c; centralized "a to 81 scorel.
&c Eggs-Receipts. 28.6O8 cases; mar
ket weak; special packs, including un
usual hennery selections. 1872 a 90 &c;
standards, ,18c; frsts. I6@ 16l4c; seconds,
15Ac; checks, 1412c; storage packs, 1714@
l712c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
FUTURE VALUES /
DROP AS LONGS
SELL HOLDINGS
Liverpool Quiet and Lower;
Cotton Market Dips
7 Points.
BY HARTMAN w. NICHOLS
United Press Staf Correspondent

CHICAGO, May Is. - Cautious
trading featured opening dealings
on the Chicago Board of Trade to-
day and wheat prices receded.
Wheat opened IS to IL cents
lower, corn was unchanged to Il
cent lower, oats were unchanged to
IS cent off, and rye dropped u cent.
Although no precipitation was re-
ported through America and Canada.
an element of CauuouSneSs prevailed
and longs unioaded their holdings,
causing yesterdays advance to be
lost
Cotton dropped as much as 7
points while stocks were firm. Liver
pool wheat opened lower in a quiet
trading session.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
STOCK SHARES
RESUME FIRM
TRADING RANCE
Better Tone Shown in Wall
Street as Industrial
Averages Soar.
BY ELMER WALLER
United Press Financial Editor

NEW YORK. May 18.-Firmness
continued in the stock market at
the opening today with most price
changes fractional.
A better feeling prevailed in Wall
Street today. Most brokers' OBJ
served yesterdays rise-the indus
trial averages showing the second
best gain Of the year-as technical
pickup after the many days of
market weakness. Some sentiment
prevailed that the market now had
discounted adverse affects of sea-
SOnal business decline.
Meanwhile, there were few over
night factors to change the market
picture. Dun s. Bradstreet's weekly
business review reflected the sea-
sonal letup in business and curtailed
trading in the midwest as result of
drought
Cotton was a little easier at the
opening. Silver future eased Slight
~. Bonds opened irregular.
On the stock market, no particu-
lar groups stood out although the
silver mining issues, which account
ed for the greatest rise yesterday,
slipped. United States Smelling
dropped 2 of the ~ points gain
yesterday to open at 1T. American
Smelling was off fractionally at 407s.
little change United States Steel
opened at yesterdays closing price
of 437s. General Motors and Amer
lean Can also we're unchanged.
American Telephone gained y of
a point to 116 and Chrysler lost 4
at Al DUPONT, one of the good
leaders yesterday, eased fraction
ally.
Rails and farm equipments slipped
off slightly while the utility group
showed a little further life. Con-
solidated Gas was Il higher at 1875,
Pubic Service of New Jersey was Il
higher at 361s and National Power
advanced Il to 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

International Nickel Company and sub
salaries in the first quarter of the cur
rent year had a net profit of s5O49 .276
after all charges, equal after preferred
dividend to 81 cents a share on the COM
mon stock. In the first quarter last year
the company had net loss Of ssO.l58.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

Southern Railway Company March net
income totaled $685. after all charges
against net loss of s734,469 in the same
month last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

SALE GRANT APPEALED
BY CITIES SERVICE co.
Firm Contends Standard Offer for
RichfieId Oil "Inadequate."

By Times Special
LOS ANGELES, May 18.-The
Cities Service Company was granted
permission here this week by Fed
eral Judge w. P. James to appeal
from the recent court order author
izing the recognizing committee of
the Richfield Oil Company of CAL
ifornia to proceed with a plan in
volving sale of Richfeld proper
ties to Standard Oil of California.
Cities Service officials contend
that an internal reorganization of
the company would provide a greater
return to bondholders than an out
right sale, and stated that the price
of $23,50O000 offered by Standard
two years ago is grossly made
quate" under present improved con-
ditions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
PRINCIPAL ON FEDERAL
FARM LOANS REDUCED
Credit Administration Announces
New Refinancing Plan.
BIZ Timcs SnccinI

By Times Special
CHICAGO, May 18.-The farm
credit administration has announced
the refinancing of farm mortgages
by federal farm loan corporations
from June l, 1888, to Feb. 49, 1884,
in Illinois, Missouri and Arkansas.
The program, according to the
administration, involves scaling
down of principal on 15la per cent
of the loans. The scaling down
averaged PAT per cent of the prin-
cipal of 10 per cent of the mort
cages refinanced by the land bank
commissioner, and 20.4 per cent on
II per cent of the mortgages closed
by the federal land bank.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
CHICAGO PRIMARY RECEIPTS
AGREEMENT REACHED AT
WORLD WHEAT FARLEY
Delegates Believe Conference Will
Save Nations Control Plan.

DS@N6NNNS W AAA
Save Nations Control Plan.
BIZ UHtcd Press
LONDON, May 18.-Delegates of
four great wheat producing coun-
tries, including the United States,
today reached an agreement which
they believe will save the world
wheat control plan from failing.
Canadian and Australian repre-
SentativeS, along with the American
delegation of the advisory wheat
conference, agreed to increase the
Argentine export quota provided
that Argentina began to restrict
production. The increased quota
would cover the 1884 and 1885 crop
years, and end July 81, 1885.
Delegates of all four nations
cabled their governments recon-
mending acceptance.
Argentina would agree to an ex-
port quota of 100000 bushels a
year, instead of 4O,OOOOOO for Soviet
Russia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

Seaboard Oil Company declares the
usual extra dividend of 10 cents in adj
ditiOn to the regular quarterly dividend
of Is cents a common share
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

Norfolk and Western Railroad Company
car loadingS in the week ended May II
totaed $500 cars against 14,034 cars in
the like 1893 week
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
SUGAR DELIVERIES UP
April Total 33O,O16 Bags Above Same
Month Last Year.
BIZ Times Special

NEW YORK, May 18-Deliveries
of domestic beet sugar during April
totaled 2.679 1874 bags, an increase Of
330,016 bags over the figure of 2,349,-
618 in April 1888.
Deliveries in the first quarter OF
the current year also showed an in
crease. totaling 10,940,339 bags,
against 8,709 .635 bags in the first
quarter last year, an increase of
$3.50, 704 bags.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
RETAIL FAILURES DIP
Total of 1872 Compares with 143 in
Previous Week.

BY CHttCd PTCSS
NEW YORK, May 18.-Failure
among retailers and manufacturers
in the United States decreased last
week, but increased slightly among
wholesalers and other commercial
concerns, Dun and Bradstreet, Inc.
reported.
Retail failure numbered 1872, COM
pared with 143 in the previous week
and PSI in the corresponding 1888
week, while failures among manu-
facturers totaled So against SO a
week ago and SO in the correspond
ing 1888 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
CREDIT SALES INCREASE
Retail Trade Volume Shows First
Advance in Four Years.

WASHINGTON, May 18.-Credit
sales during 1888 amounted to SO per
cent of the total retail sales, accord
ing to the department of commerce.
In 1882 credit sales amounted to 51.4
per cent of the total sales.
Sales volume gained during the
year, marking the first rise in four
years, and coinciding with the grow
ing retail credit conditions, bad debt
losses showed marked decline, the
department reports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
stinson Names New Head
Bg Times Special

. y 7 IHFtN = VttIHI
WAYNE. Mich. May 1S.-The
Stinson Aircraft Corporation here
this week appointed B. D. DeWeeSe.
as company president. to succeed
L. B. Manning who has resigned
Mr.. DeWeese has been vlce-preSi-
dent and general manager Of the
firm since 1880.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
New York Bank Stocks
tAbbott, Hoppin & CO.
Nav II
DaiIV Price Index

tBv United Press
YORK. May 17.-Dun
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
May IT
COFFEE
Rio
SUGAR
Kenosha Official Export

bN lnlCS NptcidF
KENOSHA. Wis, May 18.-This
city was made an official port of
export this week when the Nash
Motors Company shipped a cargo
of automobiles, destined for Mel
bourne and Brisbane. Australia.
Australia, aboard the S. S. Maple
day of the Tree Line.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
CHICAGO FRUIT MARKET
(By United Press

CHICAGO. MAY 18.-Apples- Michigan
spies 81. 75@2 bushel. Carrots-Southern,
eo .g 65c =. bushel Beansmsoqthern green,
Central western dollhouse. s1.50d225 2
doz. to box. Tomatoes-Florida. s2.25G
8: Tugs box. Sweet potatoes-Tennesse
lib. cartons. Asparagus Illinois 40 SOC
fat crates. wberries-Illinois, sl.75@
ESQ pa boxes. Onion market 80 10.
sacks: Texas yellows S75dl; Texas
whites. s75d1 California whites. sl.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
Food Price Index Down

b TWeS NpeCI1I
CHICAGO, May 18.-The weekly
fod price index of Dun & Brad
street stood at 500 for the week
ended May Is, compared with Sale
in the previous week. and s186 for
the same week last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

Noranda Mines in the quarter ended
March 81 earned 70 cents a share on the
common stock against 30 cents a share
in the first quarter last year
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
Chicago Stocks
By Abbott. Hoppin & Co.
Cash Grain
May IL
INDIANAPOLIS
Quaker Dat,

INUIf-NNF VIIN
The bids for car lots Of grain at the
call of the Indianapolis Board Of Trade
+ o. b.. shipping point. basis 4li2c New
Wheat-Strong No. red s2is &C:
No ? red Sli2 s2izc; No. hard. 81 "a
Corn-Strong: No. , white. 47G ACC No
white IS a 4Sc: No. ? yellow. a : d46 a:
No yellow 1870 5iac: No mixed
43 la a 45i2c: No. 3 mixed 42i2G44iac.
Oats-Steadv; No. white. 32i2 SO &C.
No white. 3li7m32iac.
Inspections
Wheat-No. l red. ? cars: No. red ?
cars Total. 4 cars.
Corn-No. 2 white. cars: No 3 white
! car: sample white. 1 car, No. yellow
Is cars: No yellow cars. No. ! vel
low. 3 cars No yellow. l car: No. s
yellow l car: No. 3 mixed. car. Total
Oats-No ? white. II cars; No. white
3 cars. Total II cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

Store Lease Obtained
BIZ Times Special

81 infs NpecldI
TERRE HAUTE, May 18.-Nego-
tiations for a long term lease for
the erection of a store by the Mont
gomery Ward & Co., costing more
than $4,000. were completed here
this week. The store will open
early in the fall.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

chairman, were
supplanted by
new governors.
Evidently h Q
Exchanges at
titude tow a r d
the public is to
be changed.
For a great
many years the
New York Stock
Exchange " a S
run more or less
after the fashion
of a private club.
The ge n era /
public was taken
very little into
its confidence.
II was argued.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

New Exchange Governors
to End Private Club
Fashion.
by RALPH HENDERSHOT-
Times Special Financial Writer.

THE recent New York Stock Ex-
change election was a signif-
icant event despite the fact that
Richard F. Whitney was reelected
president Of the institution. It's i'm
portance lies primarily in the fact
that three of the five governors
serving on the publicity committee,
including James c. AuchinclOss. its
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
Treasury Statement

10y UHIItu FItosT
WASHINGTON. May IS.-Government
expenses and receipts Of the current fiscal
year to May Is. compared with the cor
responding period of the previous fiscal
year:
This Year Last Year.
Expenses S6.16l, SIS. 66i 80 81. $50 278, 2I5. SO
Receipts 50 SAB $50, O51 50 50. 1872 1874 686 "a
Deficit s3,517 675, COG II S2.807 1888, 529 &c
Cash Bal s.. 100 848. BOZ. 80
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

and probably rightfully so from one
point of view, that the interests OF
members could best be served if lit
tie or no outside interference was
permitted. The governors, it was
pointed out, we're better informed
on the Exchanges problems and
needs than any outsider possibly
could be, and since they were Sc
lected because of their responsibility
and integrity. no one should criticise
the manner in which they admins
tered its affairs.
From time to time in the past ef-
forts we're made to place some kind
of public regulation over the EX-
change Many people felt that, to
a very large degree, it was a public
utility, inasmuch as its duties were
primarily those of public service and
that it derived its support entirely
from public transactions. Moreover,
it was argued that the Exchanges
activities had a direct bearing on
the business life of the country and,
consequently. such activities should
be supervised.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
RUBBER DEMAND DROPS
April Consumption by Manufactur-
ers Total 25,928 Tons.

erS Total 25,y28 Tons.
By Times Special
CHICAGO, May 18.-April con-
sumption of crude rubber in the
United States by manufacturers
totaled 44947 long tons, against
47O59 tons in March and 25,928
tons in April of the previous year,
according to the Rubber Manufac-
turing Association.
Total domestic stock of crude
rubber on hand April 30 were esti-
mated at 351, 981 tons, compared
with 3,242 tons as of March 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
In the Cotton Markets
May IL
STTCAGO
NEW ORLEANS
Retail Coal Prices

The following prices represent quota
tions from leading Indianapolis coal deal
ers A cash discount Of Is cents per ton
is allowed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18


Abraham & Straus Co. declares an extra
dividend Of Is cents a share on the COM
mon stock, in addition to the regular
quarterly dividend of 80 cents a common
shares.
Anaconda Copper Mining Company
and subsidiaries in the quarter ended
March 81 had net income of 81 ,6S6 1853
after all charges. equal to 10 cents a
share on the common stock.
International Nickel Company and sub
salaries in the first quarter of the cur
rent year had a net profit of s5O49. 276
dividend to 81 cents share on the COM
mon stock. In the first quarter last year
the company had net loss of sSO158.
Southern Railway Company March net
income totaled 1858 616 after all charges
against a net loss of s734 469 in the same
month last year.
Seaboard Oil Company declares the
usual extra dividend of 10 cents in adj
ditiOn to the regular quarterly dividend
of Is cents a common share.
Noranda Mines in the quarter ended
March 81 earned 70 cents a share on the
common stock against 30 cents share
in the first quarter last year.
+ Caterpillar Tractor Company in the
four months ended April 80 earned 81
cents a share on the common stock against
a net loss of 1891, 780 in the first four
months last year.
Beechnut Packing Company declares
the regular quarterly dividend of IS
cents a share on the common stock.
Texas Gulf Sulphur Company declares
the regular quarterly dividend of so cents
a common share
Montgomery Ward Stores net income in
three months eneded April 80 amounted
to So 261 OCT against a net loss of 81
1856 099 in the corresponding 1888 period.
Evans Product Company in four months
ended April 80 had a net profit of $780,
9l6 equivalent to S3,08 a common share.
Pennsylvania Railroad Company net
income in the quarter ended March 81
amounted to S3,SOS,O11 against net
loss of S1,193,554 in the similar 1888
period.
Norfolk and Western Railroad Company
car loadingS in the week ended May II
totaled 1880 cars against 14,034 cars in
the like 1893 week
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18

CHICAGO, May 17.--Cash Grain-.wheat
No. I, 43c; winter. 92c; No hard. win
ter 92c Corn-No ? yellow. new. Sic; No.
z yellow. Old, 5l@ 81 &c; No. ? yello%, lake AXE
2 white, old 56i4c. Oats--No.. ? white;
36i4 "a SIC: No. white. 35i4H 36c; No. 4
white, $40, q 35i,c. Rye--No sale; Barley
Sales. 60d 74c; guotable. Asa soc. Clover
Seed-Sl0QS 14 Timothy - S675@7. Cash
Provisions-Lard S6.17; loose, S5.75: leaf,
s5.75; bellies. s8l2.
TOLEDO. May 17-Grain close-(Grain
in elevators. transit billings. Wheat-No.
red. % "a % &c. COrn-No. 2 yellow 54i2
a 55l2c. Oats-No. 2 white. 40@4lc. Rye
No 2, 81 ga 63i2c.. Track prices. 28i2c
red. SO "a 80 &C. Corn-No ? yellow 50M Sic,
No. 3 yellow. 49d soc; No. ( yellow. asa
ACC. Oats-No. 2 white. sra $50: No. 3
white, 36l2G37iac. Seed Close-Clover -
Cash. s8.25. Alsike-CaSh. $3.50.
ST. LOUIS. MAY 17-Wheat-In fair de-
mand, l2c higher on red and &c higher
on hard; No. red, 8624 a SOC; No. 3 red,
87l2 Q88Ac; No. 2 hard. 8994c, nominal.
Comm fair demand, Ihc higher; No. ?
yellow, 5212c: No. 3 yellow, SIC; No.
white, 53i2c. Oats-In fair demand. lac
higher: No white 36l2c, No. white,
IS "a SEC; No. red. 35l2c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
IncaI Warnn Wheat
(Bv United Press)

City grain elevators are paying 10 cents
for No soft red wheat. Otner grades
on their merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
FEDERAL FARM LOAN BONDS
(By Blyth & Co.. Inc.)
MAY II


As July l. 1851 ......... 10000 10026
Federal Farm Mortgage Corporation
3As March Is. l964-44 49,. 1922 1O13o
The two latter quotations are in thirty
seconds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
Vegetables

Cabbage-Louisiana, 50 crate; Florida
red. $3.50 per hamper.
bunch. 9Oc; medium bunch. 45c: hearts,
dozen punches SIPS.
Potatoes-Northern round white 100-lb
bag. s1.75; Red River Ohios, SITS; Maine
Green Mountain. s2.10; Colorado McClures.
81 80: Idaho Russets. $3.50; Idaho Russets.
l00-lb. bag. S1.90; New Texas Triumphs,
$3.50.
Sweet Potatoes-Tennessee Nancy Halls
crate. So.
agus-Home grown. dozen 5OG85c
Beans-Round. stringless, s125G2
Beets-New Texas, 3-dozen crate, s1.75
Carrots-California. s-dozen crate. s275;
bulk. new $3.50.
Ceulilower-Ca California, $3.50.
Lettuce-Hot house. 15-lb. basket. s1,10
Iceberg. best. S405 so a crate.
Peas-28-lb. hamper. s2.50d2 IS.
Radishes-Home grown buttons 40c
dozen.
Rhubarb-Home grown, dozen. 30c.
Spinach-Home grown. bushel. 90c.
Tomatoes-Repacked. 10-lb. carton, $50;
original Mexican. 30-lb. lug. $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-18
U. S. GOVERNMENT BONDS
(By Abbott, Hoppin & Coz

(By United Press
NEW YORK. Nav 17.-(Decimals repre-
sent thirty-seconds):
Liberty