davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-07-08
BIC STEEL MERGER
|. IS REPORTED NEAR
Republic and Corrigan, Nc.
Kinney May Be Joined
by Otis Company.
BY the Associated Press.

BY the Associated Press.
CLEVELAND, July 7,-Reports that
Republic Steel Corporation. third
largest in the industry. is planning
to acquire within a week the Corri-
gan. Mckinney Steel Co. of Cleve-
land for a total consideration Of ap-
proximately $4,000, 600. emanated
from steel circles today.
II Was understood Hayden Stone &
Co. OF New York is handling the
financing.
The steel district also heard Re-
public is considering acquisition OF
Otis Steel of Cleveland at a later
date In q deal which would involve
probably $2l 900 900 additional Otis
directors are said to be considering
an offer on this basis, but have not
indicated whether they will accept.
Subsidiaries Mentioned.
Acquisition of Corrigan-McK
would presumably include two sub
salaries, the N. & G. Taylor Co. ol
Cumberland, Md, a tin plate plant
and the Newton Steel Co. which
makes auto body and enameling
sheets in plants at Monroe, Mich,
and Newton Falls. Ohio. In its
Cleveland plants. Corrigan- Mckinney
operates blast furnaces. coke ovens
and steel mills. and is a producer OF
pig iron and Semi-finiShed and fin
ished steel products.
Republic, formed by a series OF
similar mergers arranged by Cyrus S
Eaton, Cleveland financier, when he
was at the peak of his power, has
main plants in Youngstown and Can
ton, Ohio; Birmingham, Ala. and in
the Pittsburgh and Chicago districts
1t has iron ore reserves estimated at
122 600, 900 tons, and coal reserves
estimated at l65, 200, 900 tons.
Reports also were in circulation
that the General Motors Corporation
is negotiating for the purchase of the
Newton steel plant at Monroe. Only
few months ago. General Motors
was reported negotiating for Corri-
gan Mckinney, but the deal fell
through.
Mather Interests Involved.
Although terms of the Republic S
supposed deal with Corrigan- McKin-
ney have not been announced, the
steel district heard that Corrigan
would sell its plants to Republic for
$4,000, 200 in first mortgage bonds on
the Corrigan properties, guaranteed
by Republic. and also would get pre-
fRrred and c0rnn1nn Stapk sllfficiant fo
make the purchase price, at present
stock values, a total of about $33,-
900, 900.
The deal, should it materialize,
would provide a new link between
Republic and the interests of Will
liam G. Mather, Cleveland magnate
in steel. iron ore and Great Lakes
shipping. A controlling interest in
Corrigan now b owned by the Cleve-
land-Cliffs Iron Co., of which Mather
is chairman, He also Is chairman Of
Corrigan- Mckinney.
The William G. Mather interests
have long been dominant in Otis
Steel, but the ownership Of this con-
cern is widely diffused. A recent
statement by the Cleveland Termi-
mails Building Co. showed a substan-
tial block in Otis is also held by the
interests Of o. P. and M. j. Van
Sweringen, Cleveland railroad mag
mates.
Evening star., 1934-07-08
FORD WORLD SALES
UP 119 PER CENT
Company Reports Large Volume
for Half Year-June Total
Is Best Since 1880.
BY the Associated Press.

BY the Associated Press.
CHICAGO, July World sales Of
the Ford Motor Co. in June we're
the highest made in that month since
1880. it was announced today at the
company's exhibit in Century of
Progress Exposition.
Adding its sales for the first six
months Of 1894, the company an
nounced them to be ll9 per cent
higher than in l933-48S .9l5 passen-
ger cars and trucks. compared with
223,727 in the first half of 1888.
World sales for June, 1894, were
announced as l0l ,66l. In June, 1893,
sales were 58.543. The companys
world production for the month was
98,445 units, as compared to 6l,9l2
year ago, and the total for the first
six months of 1884 was $50, ,637 pas
senger cars and commercial units,
comparing with 228,l17 in the sams
period Of 1888.
Evening star., 1934-07-08
LOCAL GOVERNME
DEFAULTS MOUNT
More Than 1000 Now in Finan-
cial Difficulties, According
to Best Estimates.
BY the Associated Press.

BY the Associated Press.
Best available statistics indicate
that more than 1000 local govern
mentS are now in default in the
United States.
The Bond Buyer estimates that,
with certain reservations, 2,O48 local
governments were in default ON March
/, 1884. OF these governmental units
500 we're cities and towns. 420 were
school districts, 343 we're counties
and 1886 were reclamation, levee. ir-
rigation and drainage districts.
Seven States are entirely free Of
defaulting districts, while Maine re-
ported only l, Connecticut and Ne
vada 2, New York and Virginia 3
and Kansas, Minnesota and wyoming
5. On the other hand. seven States
reported more than 100 districts in
default,
Evening star., 1934-07-08
STEEL lNG0T CAPACITY
CLIMBS TO NEW PEAK

BY the Associated Press.
NEW YORK. July THE capacity
of the Nations steel mills to produce
steel ingots reached 69,3S0,625 gross
tons in 1893. the largest ever reported
for the industry, according to the
American Iron and Steel Institute.
Ingot capacity increased 1871, ,449
over 1892. the smallest gain in q
decade with the exception Of two
years when there were declines.
Since the end Of 1929, capacity has
grown by 6.323.O6l gross tons. despite
a drop of 99.780 in 1882.
Annual capacity to produce pig
iron and ferro-alloys rose 4,086
gross tons in 1888 to a total Of ST.
1l0,06l. while capacity for steel cast
ings declined by 29,io4 gross tons to
l,s63,i5l.
Evening star., 1934-07-08
BY the Associated Press.

BY the Associated Press.
"a YEW YORK, July 7.-Numerical-
N ly the small stockholder re-
tanned his dominant position
/ Y among shareholders in lead
ing American corporations last
year, despite the temptation to sell
out on the rise in values in 1888, it
was disclosed today in a study made
by De Coppet & Doremus. odd-lot
dealers on the New York Stock Ex-
change.
Complete information furnished by
40 leading corporations whose shares
are listed ON the Stock Exchange
showed that at the end of the year
88.8 per cent of their total number
of common-share owners held 100
shares or less.
That figure was the same as at the
end of 1882 and compared with 8S
for 1891 and 81 per cent for 1880
and 1929.
"a notable feature shown in this
compilation" the firm commented. is
Evening star., 1934-07-08
MONTGOMERY WARD GAINS

CHICAGO, July (P.-June sales
Of Montgomery Ward & Co. today
were announced as SIG, ,266. 1886,
against $16,lO3.560 in June, 1888, a
gain of 1876 per cent. For the five
months ended June 80. the company's
sales were 3S5 per cent higher than
In the same 1888 period. -
Evening star., 1934-07-08
PRINTCLoTH ORDERS LAG.

NEW YORK, July z CP).-Tradina
continues dull in the printcloth mar
ket. Some inquiry for merchandise
for later delivery was reported, but
actual sales were few.
Evening star., 1934-07-08

In addition to the total Government
debt given above, a recent study by
the Census Bureau disclosed local
Government Indebtedness of $17.590,-
100000 as of the close of 1882.
Evening star., 1934-07-08
Fail to Share Recovery.

Italy's white collar" classes have
not felt the improvement in employ
ment because banks and offices refuse
to desert their policy of economy.
Evening star., 1934-07-08

Continued on Third Page.)
Evening star., 1934-09-25
NATIONS
CAPITAL

See Our Windows
They contain dramatic
Proof of the results of the
n. Il. A. and the New Deal
Henderson daily dispatch., 1934-05-10
Henderson Netmen TOD
ROxbOrO Racketeers, 4-3
Match Played Here Yesterday Country Club Courts;
Second Victory for Locals Over Visitors; Double
Matches Superiority Give Henderson Win

Henderson high school tennis team
turned back Roxboro here yesterday
afternoon to on the courts of tue
West End Country Club.
In the singles, thev isitors piled up a
big lead, taking three out of four
matches. The doubles saw Henderson
stage a comeback, winning the three
matches, giving them a 4 to 3 victory
In the singles, Long, Roxboro, won
over Watkins, 40, 6-2, 3; Abbitt
turned back Beckham, Henderson, o.
8-6. Winsteaed, Roxboro won over
Horner, 60, 6-1. Parham, Henderson
won the only single match for the
locals, 6-2, ga
In the doubles, Henderson had some
better luck. Beckham and Watkins tri-
umped over Long and Abbott, Rox-
boro 3, rs. Parham and Horner
had little trouble with Winstead and
Tarnnes, Roxboro, defeating them 6-3,
Henderson daily dispatch., 1934-05-10

The Henderson Independents, fresh
from their 8 to 3 victory over Macon
last Sunday, are busy priming this
week for a tough test here next Sum
daV at $3.50 O'Clock when they hook up
with the strong Durham Bull nine.
According to reports coming from
the Bull City, the Durhamteam has an
undefeated season ana numoers
among it's squad, several former ex-
minor league stars.
Drills were being passed out today
and through the remainder OF the
week by Manager Archer Boyd to hts
team, whipping them into fine shape
for their fought contest.
Several new faces are expected to
appear in the locals lineup due to new
blood being put into the aggregation
by the manager.
Waverly Woodruff a young stocky
lad, is giving Pettis Terrell hard
run for the initial sack. His stick
work is of the best kind and he
handles himself very well afield. Ter
ren. at present, is being kept out of
the game by a minor illness, but is
expected to come back as soon as he
has recuperated.
Many fans are expected from Dur
ham, according to Manager Horton,
of the Bulls, and always large turn
out is had from the fans of the city
No admission is charged, a silver Of
fering being taken at the gate.
Manager Boyd is grooming Dorsey
Woodlief, former semipro ana college
star, as his starting hurler with j. T.
Henderson daily dispatch., 1934-05-10

tare Committee the professional spec
ulator may transfer his actibities
from the securities market to the
commodity markets with possible dis
astrous results to producers.
While it was uncertain when this aC-
ministration measure would get floor
consideration the Senate kept drill
ing on the stock market piece.
A few lesser bills won approval first,
one being by Sheppard, Democrat,
Texas for Federal credit union
system This would be a set-up Of CO.
cperatibe societies which would sup
ply their members with means OF
saving money, and extend them short
term credit.
The House, meanwhile, debated the
formulation of a national aviation
policy. that connection, too Major
General Benjamin D. Foulois, chief
OF the air corps, in a statement, ce-
Tended his recommendations of pur-
chases of planes for the army by ne
gotiated contracts. He had been criti-
cized by House subcommittee for
permitting such ontracts.
AS to other developments:
The Senate passed the Steiwer bill
to prevent Fedora! offie holders from
participating in national par:y con-
Ventions.
The view that the communications
control bill would regiment" that
business was given by Walter S. Gif-
ford, president of the American Tele-
Inone and Telegraph Company to a
House committee.
Gasolinep rices were said by the
Trade Commission to have increased
only about one cent gallon in the six
months after approval of the oil code.
Henderson daily dispatch., 1934-05-10
NOTICE

This is to notify all persons that
Alvin Johnson who was sentenced to
a term of 18 months on the roads at
the January term, 1884, for having
liquor for the purpose of sale, will
apply to the Governor of North Caro-
lima for parole. All persons who are
opposed to same will please immedi-
ately nifty the Governor or the Com
missioner of Paroles, Raleigh, N. G.
This the 10th day of May, 1884.
ALVIN JOHNSON.
Henderson daily dispatch., 1934-05-10

ga, tieing the match.
Watkins and Horner defeated Long
and Winstead in a doubles match 90
play off the tie, 36, 8-6, 30, the last
set being called on account of dark
ness.
This. is the second victory for the
local hetmen over RoxborO having
topped them in the Person county
capital sometime ago.
Henderson daily dispatch., 1934-05-10
NATIONAL LEAGUE

NATIONAL LEAGUE
Philadelphia 6; Pittsburgh 2.
Chicago 10; Brooklyn 9.
st. Louis 4 New York 0.
Boston 10; Cincinnati 3.
AMERICAN LEAGUE
Boston s; Detroit 4.
Chicago g.; Washington /.
st. Louis 8; New York 8.
Philadelphia 5; Cleveland 4.
Henderson daily dispatch., 1934-05-10

lotte at Richmond yesterday as two
men trotted acros the plate ahead of
him in the last of the ninth Both
teams got IL hits but the Colts came
out in the run making department, 9-8
Henderson daily dispatch., 1934-05-10
Visitors Undefeated So
Far During This Season
Manager Archer Boyd Priming Hfs Team for Toughest
Test; Woodlief and Hamm Will Be the Battery;
Visitors Expected to Bring Many Fans

Hamm, veteran catcher, behind the
bat
Harris or Veasey will do the hurting
for the visitors with Holland on the
receiving end, according to pre-game
dope.
Henderson daily dispatch., 1934-05-10
Heavier Hand Is Laid On
Wealthy By Congress Act

CONTINUED lrnm Page One.)
Henderson daily dispatch., 1934-05-10
lars Blank Pats

Lefty Alexander allowed the Greens
boro Patriots only five hits yestrday
at Norfolk as he pitched the Tars to
a to victory. Gillette hurled six
hit ball for the Pats.
Henderson daily dispatch., 1934-05-10
.RelsNlts
PIEDMONT LEAGUE

Columbia 8 Wilmington 6.
Richmond 8; Charlotte 8.
Norfolk 2; Greensboro 0.
Henderson daily dispatch., 1934-05-10
ndependents Meet Durham Bulls Here Next Sunday
,,...,. .,&&;Q@2B2,
LONG, LONG TAIL

and it doesn't go winding around your waist: ncbinv
UP from inside your shorts When get the tail of
Undersir tucked in, it stays tucked keeps
These shirts down and never out. Mister thevra
Wonderwear!
Wait till you how HANEs hugs your chest It's the
most refreshing feeling in the world tight neat and
clean-cut with plenty of "gve and take They stretch
spring back freelywithout slack wrinkles And
washing won't weaken the elastic-knit!
Get into pair of HANEs Shorts Raise your legs bend
and stretch try make them But they're too full
to pull Coors fast See dealer today and ask
for HANEs Wonderwear. P H. Hanes Knitting Company
WnstonSalem, N. c.
Henderson daily dispatch., 1934-05-10
|odqBGdnles;

PIEDMONT LEAGUE
Wilmington at Greensboro
Columbia at Charlotte
Richmond at Norfolk
AMERICAN LEAGUE
st. Louis at Washington
Detroit at Philadelphia.
Chicago at New York
Cleveland at Boston
NATIONAL LEAGUE
Philadelphia at Pittsburgh.
New York at st. Louis.
Boston at Cincinnati.
Brooklyn at Chicago
Henderson daily dispatch., 1934-05-10

George Ferrell slapped out homer
with Griffin on base to break sc
deadlock in the last of the ninth in
ming to give the Columbia Sandlap-
pers an to 6 victory over Whining
ton yesterday at Columbia.
Henderson daily dispatch., 1934-05-10

Another Homer Decides
Jim Galvins homer decided the
game between Richmond and Char
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
$1,000 SCIENCE
PRIZE OFFERED
BY LILLY FIRM
Yearly Award Established to
Encourage Young Re-
SearcherS.

Establishment by Eli Lilly g. Co..
indianapolis manufacturers of
pharmaceuticals and biologicals, of
an annual $1,000 prize for scientific
achievement, today was announced
by the American Chemical Society.
The prize will be awarded to a
young man or woman, under 81, en-
gagged in outstanding" research in
biological chemistry in a college or
university of the United States.
The honor will be administered
by the American Chemical Society
and the first presentation, to run
five years, will be made at the
spring meeting of the Society in
New York next April. The recipient
will receive a bronze medal in ad-
dition to $1,000 and travelling ex-
penses to the meeting.
Langmuir Award Similar
The prize, created to encourage
biological chemists at the threshold
of their careers, is similar to the
A. G. Langmuir award Of the Chem
ical Society, founded in 1881 to re-
ward chemical research of unusual
merit" by young man or woman.
The announcement said biological
chemistry is not to include immu-
nology, clinical Investigations, phar-
macology, nor experimental thera-
peutics.
DR.. Charles L. Parsons, Washing
ton, D. c., society secretary, will re-
ceive nominations for the 1885
award up to Feb. 5. The final Sc
lection will be made by an award
committee of seven, composed of the
president-elec Professor Roger
Adams, University of Illinois, and
six nom commercial biological chem
lists.
Controlled War Process
Eli Lilly & Co. was founded So
years ago. Eli Lilly, grandson of the
founder, now is president.
During the World War the Lilly
laboratories controlled a process to
extract minute amounts of atropine
existing in stramonium or jimSon
weed.
The company produced enough
atropine during two of the war years
to overcome the shortage due to the
blockade and kept the allies sup
Piled with atropine sulphate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
Time SAVINGS
INTEREST SET
Two and One Half Per Cent
Maximum Return Is
. Ordered.

Maximum interest rate of 21z per
cent on time savings deposits in
state banks and trust companies,
effective Feb. 1, has been ordered by
the state department of financial
institutions.
The department statement said it
was not believed that most banks
could pay that rate and that a
majority of Indiana banks already
have reduced their interest rate.
The department will continue its
past practice of setting regional
regulations fixing a lower maximum
when money conditions in that par
ticular region warrant it.
BY lowering interest rates, the de-
partment hopes to curb the holding
of speculative securities with which
some institutions sought to earn
enough to pay high interest rates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
HARTMAN CAPTURES
STATE AERO TROPHY
Averages 142 Miles an Hour
Over Closed Course.

Averaging 1922 miles an hour over
a 25-mi.e course, from a standing
start, Lieut.. Paul A. hartman yes
terday won the annual race of men,
bers OF the 18th Observation
Squadron, Indiana National Guard,
for the Robert C. Winslow trophy,
presented by Walker w. WinSlow,
noted airman, in memory of his
brother.
Major Oliver H. Stout placed
second in the competition; Lieut.
Edward F. Maschmeyer, third, and
Lieut.. w. D. Brown, fourth. Lieut.
Maschmeyer won the trophy in 1888
Judges we're Capt. Earl w.
Sweeney, Mr.. Winslow and Capt.
Cecil F. Reynolds. Timekeepers were
Capt Guy H. Gale, regular Army
Instructor with the squadron; Major
Charles E. Cox Jr., superintendent
of the Municipal Airport. where the
race was held; Capt Stanley c..
La Feber and Titus Emerson Frank
enfield.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
BUSINESS CARS
MEET to DRAFT
new DEAL VIEW
Strawn Takes Lead in Move
for Adoption of Liberal
Outlook.

By United Press
WHITE SULPHUR SPRINGS, w
Va, Dec. 17.-Efforts to swing Amer
lean business and industry toward a
more liberal view of the Administra-
tons planned recovery program
began today at a conference of eco
nomic leaders.
Elements of controversy over un-
employment, relief, labor disputes
and the NRA cropped out almost as
soon as the meeting started. The
conference was called in an effort
to form united front for business
and industry under the New Deal.
A group pleading for concrete re-
suits ard a definite program en-
counter1d the opposition of those
who we're. urging cautious APP
proach to recovery problems.
Strawn Takes Leadership
Those seeking action argued that
the time for temporizing was ended !;
that events had brought situa-
ton where timidity must be aban-
doncd in favor of definite commit
ments.
Silas H. Strawn of Chicago, presi-
dent of the United States Cham
Der of Commerce, quickly assumed
a position of leadership among those
looking for active results.
Mr.. Strawn is recent convert
to this school. The November cleo
lions convinced him it would be fu-
tile to hold out in answering oppo-
sition to the Roosevelt Administra-
ton.
Mr.. Strawn urged the conference
to adopt a program which would
strengthen President Roosevelt's
hand in dealing with the new Con-
gress, which convenes next month.
This group believes business can
obtain more through cooperation
with the White House than through
an independent attitude.
Ames Named Chairman
The work or organizing the go
business leaders who are participat-
ing in the conference occupied the
first hours. G. z. A1meS, chairman
of the board of the Texas Company
New York, an organizer of the driv-
ing, effective type, was named chair
man.
Subcomittees were selected for
specific discussion of agriculture.
foreign trade, social security and re-
lief, durable goods, Federal finance,
transport, National Recovery Act,
business financing and government
competition.
The conference, called by TIE
United States Chamber of Com
merce and the National Association
of Manufacturers, after each organ
ization had gone on record for in
creased cooperation with the Adj
ministration, brought to this noun
tain resort men who represent a
cross-section of American business
and industrial life.
Rivers Peterson, chairman of Dis
tribution and Service Trades Com
mittee, Indianapolis, is among the
industrial leaders in attendance.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
REPUBLICAN EDITORS
TO JOIN DEMOCRATS
G. O. P. News Heads to
Meet With Other Groups.

The Indiana Republican Editorial
Assn, departing from Gus
tom of several years, will meet with
the Hoosier State Press Assn,
the Indiana Weekly Press Assn,
and the Indiana Democratic Edi-
torial Assn. here Feb. 8.
The Republican writer's, who have
declined to join these group Ses-
sions in former years, decided yes
terday at the SEVERN, through
their executive committee, that they
would participate this year. Their
own meeting follows Feb. 9, prob
ably with Colonel Frank Knox, Chi
cago Daily News editor, as principal
speaker.
Samuel E. Boys, Plymouth, and
Elmer w. Sherwood, Bloomfield,
were travelling to Chicago today to
extend their association invitation
to Colonel Knox, whose selection was
recommended by Frederick E.
Schortemeier. Mr.. Schortemeier, a
former Secretary of State, was Re-
publican Speakers Bureau chairman
during the last campaign. He is
an indianapolis attorney.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
; HOODLUMS FLEE
AFTER AUTO CRASH
Stolen Car Wrecked; Trio
Escapes Bullets.

Three hoodlums leaped from a
stolen automobile which they had
wrecked by the Big Four railroad
and S. Sherman-dr early today and
escaped amid volly of shots from
Beech Grove police officers.
The town authorities sighted the
car, which had been reported stolen
from F. H. Brown. 3421 Kenwood-
av, yesterday, near Troy-av and
chased it down to the railroad
tracks.
The fugitive Car, speeding at more
than 10 miles an hour, crashed into
a telephone pole and was demol-
ished. The three men climbed out
of the wreckage as police were ap-
preaching and fed through nearby
fields.
The Beech Grove officers fired
several volleys, but it is believed
that the hoodlums escaped ,lnhurt
under cover of the darkness.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
SENATOR TO DISCUSS
JOBLESS INSURANCE
Van NUyS TO Speak Before
Professional Men.

The subject of Unemployment
Insurance" will be discussed tonight
by Gated States Senator Frederick
Van Mugs at the Professional Mems
Club forum in the Columbia Club.
Senator Van Mugs is stopping in
indianapolis several days while en-
route to st. Louis, Mo-, for meet
ing of the Jefferson Memorial Com
mission.
The commission includes three
members appointed by the President,
three appointed by the Vice Presi-
dent, three appointed by the
Speaker of the House and six ap-
pointed by the Jefferson Memorial
Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-17
Quicker, Lasting Relief.
Big Saving! No Cooking!

Here's an old home remedy your
mother knew, but. for real results, it
is still the best thing ever known for
severe coughs. Try it once, and you'll
swear by it.
It's no trouble at all. Make q
syrup by stirring cups of granulated
sugar and one cup of water a few mo-
ments, until dissolved. No cooking is
needed child could do it.
Now put 21z ounces of Pinsx into q
pint bottle, and add your syrup. This