davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Sugar
Home Owners Loan Corporation
of the United States Of America

Bonds, Series
uyandu dtonauyg principe andin
States 4cn
pbnh inmn from Fedora SdL ~
except m
edMyl May
d Home A "a
at the i o Corporate OF an
Nta Banks dnarungd CompnIa he Currency permitted to yt
~ ate G re
m mnyaa Thymay bauTtd scyfr hdy, u p public he
dqosto W Bunat hnya ono he G al T
a oil dbd due b Home Owners Corporate IN lew
Enen and dmot o ud
Undersigned arbe rhrud by Board Dretno Hme Loan cooperation md
to dItt heebrn eto eG tuan ehb % Ch
A pare in hd are
circular pref mr.
p ices the bono yed aproimMa to
mend Bonds for nuamn
The FsB
oder. PEABODY Co Brothers Co.
LH Bancame Blair HAYDEN Co.
Corporation
Co, Stoned dmanSa Co.
F Mel Up Murphy
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
PRIMARY RECEIPTS
Cash Grain
INDIANAPOLIS

wheat-steady: No red, 9112G9212c;
No. red 9012 d91 &c; No. 2 hard 81 z q
92i2c Corn-Steady; No 2 white. 780
roc: No white TIA 78c No. yellow
7212m73l2c; No. yellow, 1!2@'72I2c;
No. 2 mixed II ia 72l2c; No, mixed, 70l2
a Tic. Oats-Steady; No. 2 white, 50a
81 I2c No white. 49l2 q 50l2c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Money Loss Heavier

The amount OF money lost
through these bankruptcies is run
ming heavier than last year. as tor
the 119 failures recorded from jan
uary to September, inclusive, the
involved liabilities totalled $685.
968, as against S2,478,554 for the ITS
failures recorded for the entire
twelve months of 1888
with the exception OF May ana
July, when the decrease was trifling,
consumption OF creamery butter
every month this year has exceeded
the comparative figure Of 1888 The
total for the eight months of 1894
rose to 1855, $4,000 pounds, a gain
of 6.5 per cent over the consumption
for the corresponding eight months
of 1888, and higher by 4.8 per cent
than in 1882"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Treasury Statement
by United Press

ToF NiIItW FItNaT
WASHINGTON Oct 23-Goyernment
expenses and receipts for the current
fiscal year 10 Oct %. 1884 with the cor
responding period OF the previous fiscal
year
This Year Last Year.
Expenses S2.n2Q. $50 SIS 50 81 2q4 sg5 372 So
Receipts ll56 297 PSF so $50 406. 46S 90
Deficit SO 223 10 4l447S 904 IS
Cash Bal 1871 cog SOS 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Retail Coal Prices
REIAH PRICE

The following prices represent quotations
from leadinE Indianapolis coal dealers
4 ascent carving charge Der ton viii be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
LOCAL CASH MARKET
1Ru limited pressl

City grain elevators are paying IS cents
tor No. . soft red wheat. other grades
on their merits Cash corn No yellow
SO cents. and oats 43 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23

NEW YORK, Oct. pa type of federal regulation
of economic affairs which likely to be scrutnzed by the
United States supreme later that embodied
in the securities act of 1888.
The severity of of the penalties imposed in it and
alleged effect drying up the issue securities
led much of the criticism If the law should attacked
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Chicago Stocks
(By Abbott. Proctor g. Painel
Il. s. Bonds

NEW YORK. oct. 23.-Closing bonds:
tDescimals represent thirty seconds.
Liberty
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23

ulCOQS lIIullOQdl, W1dL IS luS
likelihood that it would be
sustained by the supreme
court?
The occasion for passage Of the
law was the failure of state blue
sky laws, adopted in all states ex-
cept Nevada, to protect the public
from enormous losses due to the
widespread sale of worthless or
fraudulent securities.
Registration Is Required
The method by which protection
to the investing public is sought in
the federal law is to require regis
tration of securities with certain
exceptions, such as government and
charitable institution issues and
commercial paper with the federal
securities and exchange commission
as a prerequisite to their distrlbu-
ton through the channels of inter
state commerce and the mails.
AS a condition of this registration
detailed information must be filed
relative to the issue proposed, the
issuing organization and its control,
and underwater or dealer agree
ments concerning the marketing
procedure to be followed. Severe
penalties are specified for violations
of the terms of the act.
Investors Are Protected
State laws to protect investors
generally by requiring registration of
security statesmen with an appro-
pirate state authority prior to their
undertaking the sale of securities
within the state-have been at
tackled as unconstitutional. The con-
tertion was made that these laws
interfered with freedom of con-
tract, resulted in an unconStitutiOn-
al delegation of legislative powers
to administrative bodies and placed
an unreasonable burden upon in
terState commerce.
AlIllOuSl1
courts some of the earlier state laws
we're declared unconstitutional, the
supreme court in later cases has
definitely established the constltu-
tionaity of several of these laws.
The court held that the right to
freedom of contract may be reason
ably modified in the interest of
public welfare, that the laws re-
viewed did not unconStitutionaDy
delegate legislative powers and that
their restrictions upon interstate Sc
curity sales were not unreasonable
burdens upon interstate commerce.
Commerce Clause Cited
The constitutionality OF the recent
federal law depends mainly, with
out a doubt, upon the adequacy of
the commerce clause of the Consti-
tuition as a basis for its passage.
Under the commerce clause congress
possesses authority to regulate all
interstate and foreign commerce
Unless the supreme court should
holo that the interstate shipment
and sale TO securities is not a part
of interstate commerce there is
little reason to believe the securi-
ties act would be held unconstitu-
tional on other grounds. The power
to regulate interstate commerce lis
vested in congress as absolutely as
it would be in a single government"
Another constitutional principle
to be noted is that it is not within
the province of the supreme court
to pass upon the wisdom of the law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
DROUGHT AIDS
ALL DIVISIONS
IN DAIRY FIELD
Industry Gains Soundest
Footing in Years, Sur
Vey Shows.
Bv Times Special

n p 4 fWfs = pfEtHi
NEW YORK, Oct. 23.-Efects Of
the drought proved fortmtous tor
the dairy industry. which has gained
the soundest footing in several years,
Dun 6, Bradstreet, Inc. declared to-
day in an analysis of the dairy IN
dustry. The resulting decreased
production. with the accompanying
price advances. has benefited all di-
visions Of the industry, even though
higher costs OF operation have tenC-
ed to reduce net income of some Of
the distributors.
The leading creameries. t is
pointed out. are being operated on
the most economical basis ever
achieved, due to the new equipment
being installed, and unfair competi-
tive methods have been reduced
greatly since the adoption of the
codes.
Gains in consumption OF milk
and the various dairy products gen.
orally" the survey declares, are IN
dicated in all parts Of the country.
and sales, as a whole, have risen to
dollar totals from 10 10 IS per cent
higher than those of a year ago,
with unit sales also higher.
Statistical Picture Better
The large inventory write-offs
made necessary at the END OF 1883,
because OF the low prices, give evl-
dence of being replaced at the close
of the current year by moderate
profits. in view of the more favor
able statistical position OF the IN
dustry.
The devastation of pastures
caused by drought conditions of the
past summer has curtailed the out
put of milk sharply in some areas.
As consequence, prices have tend
ed to move upward. which is evil
denced by the reports which give the
average increase over last years
quotations as ranging from 10 to Is
per cent.
although fewer creameries nave
gone into bankruptcy thus far this
year than for the corresponding
period of 1888. the number OF lail-
ures among retailers and whole
salers of milk and dairy products
has increased. which has left the
monthly average Of lnsolvencies
about at the same figure as for a
year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Daily Price Index


by United Press
NEW YORK Oct. 23.-Dun & Brad
streets daily weighted price index OF
thirty basic commodities complied for the
United Press
Q930-32 average 1907.
Today ....... 1888 Year ago 80. 100 %
Yesterday -. 1852 1884 high -. 1909
Week ago -. 1859 1884 low ..... iolO5
Month ago .ll7.65
Copyright 1884 BY Dun & Bradstreet. me-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Federal Securities Act
Seen Upheld by Court
Economist Regards New Law as Supported by
Constitution; Cites Many Precedents.

o. publish
New
x,rxlNn
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23

FOREIGN EXCHANGE
(By Abbott. Proctor & Palnet
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23
Home Owners Loan Corn

Humt UWHtIs LUdH OUIp
IS MAY /. 1921 ....... 9722 $3.50
4s Jup l, 1851 ............. 1922 $3.50
Federal Farm Mortgage Corporation
gas March Is 1964-44 -. 1905 10016
IS March l. 1924 .... 97.22 9730
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23

d ev elopm ents in
Trade and Industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-23

81 bv Dun & Bradstreet. Inc,
The Washington times., 1934-08-24
MORE JOBLESS
BUT RELIEF
COST DROPS
10 Per Cent Increase in Cases
Offset by Reduction in
Administration Cost

A 10 per cent increase in the
number of relief cases in July
over June startled the admins
tration of Emergency Relief at
the District Building today.
The report given to Elwood
Street, Director of Public Welfare,
by relief officials showed for July
81, 874 cases receiving relief
either directly or in the form Of
checks from Emergency Relief
Work. The number of cases re-
ported in June was 1868.
In the meantime report from
the FERA showed that while
there was a 10 per cent increase
in the number of cases, there had
been approximately a 20 per cent
reduction in the amount of money
spent on relief in the District.
1t was explained by relief Off
cials that while the amount of
money apparently had been re-
duced, there had been no reduc-
ton in the amounts of money
given to each relief case. The re-
duction is in administrative ex-
pense, it was claimed.
The Washington times., 1934-08-24
Guests
OfPoHcemen
At Camp

Policemen became real heroes
to $50 Washington boys today as
the youngsters embarked from
the Fifth precinct station for a
weeks summer encampment at
Camp Calvert, as guests of the
Metropolitan Police Department.
The boys are members of the
Fifth Precinct Boys Club and the
Kenilworth Boys Club.
Meeting at the precinct station
at o'clock, the boys were loaded
into four special busses that
took them to the camp near
LeonardtoWn, Md.
Accompanying the group was
Inspector and Mrs. Albert j.
Headley, who will act as official
host and hostess at the camp.
Also at the camp will be Police
man John T. MeShkoff, director
of the Fifth Precinct Boys Club,
and Morris Fox, assistant di
rector, who will be in charge of
the activities. Several other
police officers went along as
counsellors.
A special motorcycle police
escort conveyed the buSSeS to the
District line, where they were
met by a detachment of Mary
land State Police.
The Washington times., 1934-08-24
D. c. TRUCKERS
ORGANIZE

With the moving season in the
offing, a District of Columbia
Trucking Association, made up ex-
clusively of "for-hire" truckers,
has been organized.
William E. Humphreys, presi-
dent of the Jacobs Transfer Com
pany, is the temporary chairman.
Other members of the organiza-
tion committee are P. T. McDer-
mott, G. A. Bonnet, Arthur Clar-
endon Smith, Thomas J. Crowell,
Francis ]. Kane, Arthur L. Lowe,
Frank Murray, Frank Schroff,
William Park, B. Frank Joy, Will
liam LeiShear and Preston Davis.
The organization plans are ex-
pected to be completed at a mass
meeting September 6, to be held
in the office of the Jacobs Com
pany, first block of L Street North
east.
The Washington times., 1934-08-24
WOMEN 8 CLUBS
PLAN EXHIBITS

Twelve clubs of the Prince
Georges County Federation of
Women's Clubs will have booths
at the Southern Maryland Fair,
opening Tuesday at Upper Marl-
boro, the subjects of their exhibi-
tions being kept secret until the
opening of the fair.
Women'S clubs from HyattSville,
Decatur Heights, Chillum, Suit
land, Lanham, Landover, Chew
erly, OXon Hill, Mellwood, Berwyn
and Mt. Rainier will participate.
The exhibition hall is to be closed
to the public Wednesday while the
judging is in progress.
William G. Brooke, E. j. Bren-
nan and AL G. Weston will act as
stewards for the racing events,
announces Joseph B. Boyle, gen
eral manager of the association.
Placing judges will be John P.
Turner, jr., John P. Turner, Sr.,
j. H. Anderson and G.. T. Miller.
William Shrewbridge is to be
patrol judge and Dick Pending
will be timer.
The Washington times., 1934-08-24
200 ON PAROLE
SUPERVISORY
ONE OFFICER
Lack of Personnel May Delay
Freedom for Others,
Board Declares

Paroled prisoners from the jail
and from the reformatory at Lor-
ton now number 337, of whom
approximately $50 are in the Dis
trict of Columbia with only one
parole officer to keep an eye on
them, it was learned today.
The Parole Board has before it
the possibility of about a dozen
more paroles to be granted, after
which there is grave doubt in the
minds of members of the board
whether the limited facilities of
the organization justify turning
more prisoners loose.
Since the present parole system
started in october, 1882, there
have been 532 paroles granted.
Some of these paroles have not
yet been made effective, but will
take effect later this year or next
year.
Of this number, 10 have been
automatic" paroles, coming up
for attention under the provision
of the law which automatically
grants a parole hearing at least
at a certain point in prisoners
sentence. Most of these are priS-
oners who are simply serving a
term outside the prison under the
supervision of the single parole
officer.
Seventy-five paroled prisoners
are in other cites or States, being
paroled under Federal officers
because it was felt advisable to
send the paroled prisoners to
their former homes.
The Washington times., 1934-08-24
GAS WARS END
IN SIGHT

Washingtonians will have 12-
cent gasoline for their weekend
trips, but next week the price will
go up.
That was the impression today
as the gas war still continued, the
major companies and indepen-
dent distributors unable to get to-
gether.
But the end of the war, now in
its second week, was seen as Sec
retary IckeS, in his role as Oil
administrator, announced that he
will start an investigation and do
what he can to stop the price war
which he branded as silly
thing"
L. S. Scott, chairman of the
District petroleum code commit
tee, also announced that his group
will take steps to end the costly
gasoline war.
Joseph Amato, spokesman for
the independent dealers, voiced
denial of charges that his group is
bootlegging third grade gasoline
and evading tax payment to the
District.
The Washington times., 1934-08-24
u. s. Service
Ending For
Marviin

Employees at the Weather Bu-
reau tomorrow will celebrate the
fiftieth anniversary of the date
upon which DR.. Charles F. Mar
vim, until recently chief of the ou-
reau, began his work there.
Tomorrow also will be DR.. Mar
WINS last day in Government serv-
ice. He stayed on with the bureau
to complete his SO years there
after he was retired as it's chief
earlier this year, after holding
that post since 1918.
DR.. Marvin, nearing his seventy
sixth birthday. has been conduct
ing research studies with anemo-
meters since his retirement, and
has perfected a new instrument
for recording wind velocity. Dur
ing his service he invented inStru-
mentS for measuring and auto
matically recording rainfall, snow
fall, sunshine and atmospheric
pressure.
He is author of numerous books
on weather studies and author of
the proposal to improve the
Georgian rule for leap years by
emitting four leap years in every
500 years.
The Washington times., 1934-08-24
Three Youngsters
Seated By Senate

Henry Clay was not the only
"youngster' who was allowed to
take a seat in the Senate in dis
regard of he Constitutional re-
quirement that its members must
be at least 80 years old, it was
disclosed today following a search
of Capitol files. When Rush D.
Holt was recently given the Sena-
torial nomination by West Vir-
ginia Democrats, Clay of Ken
lucky was thought to be the only
man to take a seat while under
the specified age.
Edwin Halsey, secretary of the
Senate, discovered that Armistead
T. Mason, of Virginia, was seated
January %, 1916, when % years
five months and 18 days old, and
John Henry Eaton, of Tennessee,
was seated on November Is, 1918,
when % years four months and
20 days of age.
The Washington times., 1934-08-24
SULTAN To SEE
PRESIDENT ON
D. c. NEEDS
New Commissioner Expected
to Receive "SuggestionS"
on Major Projects

Much Importance is attached to
the visit of the new engineer COM
missioner, Col. Daniel I. Sultan,
to the White House today because
of the interest in District affairs
entertained by the President and
members of his personal and Off
cial family.
The White House hand is being
felt more and more at the District
Building these days, and officials
of the city government may soon
learn whether or not there will be
more pressure from that quarter.
White House influence is al
ready felt in the refusal of the
commissioners SO far to clean up
the hidden bar situation because
of the refusal of someone higher
up" to permit what is referred to
as "the return of the old-time
saloon; meantime permitting the
new fashioned saloons, 800 or so,
to serve beer and mixed drinks
under conditions so insanitary as
to have sent a hundred or so to
the police court since January.
At present Commissioner Hazen
desires open drink dispensing;
Commissioner Allen opposes it.
Colonel Sultan's stand will
settle it.
The appointment of new
playground superintendent, which
it has been said, has been sug-
geSted-at leaSt-to the Commits
sioners by member of the
White House family, is also ION
the fire"
Colonel Sultan'S pet project
the cleanup of the Washington
harbor and waterfront, is more
or less a. Federal matter. His
visit to the White House today
may result in an appropriation
next winter.
The Washington times., 1934-08-24
AUTH COMPANY
REORGAN|ZED

First order completing reorgani-
zation of corporation under the
recent amendment to the Bank
ruptcy act was signed today in
District Supreme Court by JUS
tiCe Joseph w. Cox in connection
with the reorganization of the
N. Auth Provision Company.
The petition for reorganization
was filed through Attorneys Tob-
riner, Graham. Brez and Tobriner
on August /, when the case was
referred to Fred j. Eden. He
filed his report today, stating the
required majority of preferred and
common stockholders had ap-
proved the reorganization plan as
we'll as had SO per cent of credi-
tors, whose claims had been al
lowed
Schedules filed by the company
stated its assets were $814.535.58
and liabilities $4O1 ,022.73. Under
the reorganization plan notes will
be given to creditors for the full
amount of their claims, secured
by the company'S unencumbered
real estate and other property.
The notes will be paid in INSTALL
mentS over a 10-year period. The
company is one of the oldest pack
ing houses in the city. The reor-
ganization was completed in %
days.
The Washington times., 1934-08-24
LUNG HOSPITAL
REPORT DUE

Following a visit to the site
near Glenn Dale, Md. suggested
as a location for the new tubercu-
losis hospital, the committee ap-
pointed by President Roosevelt
to recommend a site today indi-
Gated it had finished eXamina-
tions and would make a formal
report to Interior Secretary Ickes
later today.
The Glenn Dale site has been
opposed by Secretary Ickes, but
has been the one which the Dis
trict Commissioners have favored.
Yesterday committee members
visited three sites near Bluemont,
Va, and two others in the Brad
dock Heights (MdD vicinity.
They declined to make any COM
ments as to which site they would
recommend, but it is believed they
will assert a preference for the
Glenn Dale location.
The committee is composed of
Col. C. D. Buck, director of the
Fitzsimmons General Hospital at
Denver, COL; DR.. Charles M. Grit
fifth, medical director of the Vet
erans' Administration, and DR..
Lawrason Brown, director of a
tuberculosis hospital at Saranac
Lake, N. Y.
The Washington times., 1934-08-24
Cooling Plant
Quits In New
Post office

Cooling systems were made
for hot weather. But not,
apparently, the one in the
new Post Office Department
Building.
Today being the first uncom-
fortably warm day this month,
the gigantic air cooling plant
broke down and the thousands
of employees housed there Suf-
fered the fate of workers in
other departments where cool
ing systems are unknown.
It is to be recalled that the
same thing occurred several
weeks ago when Washington
Sweltered in the hottest weather
of the year.
The Washington times., 1934-08-24
500 Are Expected
At Church COnfab

Approximately 500 delegates are
expected to attend the Washing
ton District Conference of
Churches, Sunday Schools and
Missionary Societies of the African
Methodist Episcopal Zion Church
here September 5, 6 and 7, at Gal
braith A. M. E. Zion Church.
Philadelphia and Baltimore con-
ferences will also be represented.
Bishop J. S. Caldwell, of Philadel-
phia, senior bishop of the Zion
connection will preside. DR.. w. O..
Darlington, pastor of John Wes-
ley A. M. E. Zion Church, will
speak.
The Washington times., 1934-08-24
HOughtOn Scores
High Rent Charge

Arthur C. Houghton. president
of the Real Estate Board, hit
hack at the charges of real estate
and rent gouging of families on
relief rolls last night, when he
criticized as unfair the report
from the District emergency re-
lief which has stated that high
rents are being paid for sub
standard alley Shacks.
Mr.. Houghton specifically criti-
cized the reports claim that one
slum house was bringing $248 a
year in rent. He declared the
tenant family was renting out
rooms and getting back a share
of the money.
The Washington times., 1934-08-24
Blair Lee to Talk
At Dedication Rite

Former United States Senator
Blair Lee, of Silver Spring, Md,
will be the principal speaker at
the dedication exercises of the
JesSup Blair Park, September IS,
it was announced today by mem
bers Of the committee in charge.
The tract of land for the park
was given to the Maryland Ma
tional Capital Park and Planning
Commission by Mrs. Violet Blair
Janin some time ago and develop
ment work on the grounds and
the building are being completed
at the present time.
The Washington times., 1934-08-24
Ken Murray
Says:
"REEL MENACE"

Lupe ValeZ, James Cagney
and several other movie stars
are charged with being Com
muniSts. Sounds like another
attempt to "revolutiOnize" the
picture industry.
Although both Lupe and
Cagney deny even wearing
"union" suits from a box Of
flee standpoint, they sure make
a swell pair of drawers.
Cagney says that he is not
only opposed to anything Red,
but that he actually cut his
best friend cold, because he had
pink toothbrush
1 guess they we're suspicious
of James, because where women
are concerned, he is always
ready to "strike."
SO REMEMBER:
When a movie star plays
around with Communists his
pictures are apt to end up in
the red.
The Washington times., 1934-08-24
i. S. Worker Given
Watch AS Present

Friends and associates of Will
liam M. Gutridge, assistant chief
of painters and decorators of the
Weather Bureau, presented him
with a watch in his office yester-
day expressing their regret on his
retirement from the government
August 81 after more than 25
years service.
DR.. Willis R. Gregg, chief of the
Weather Bureau, made the pre-
sentation. Mr.. Gutridge is a
member Of Potomac Lodge No. 5,
F.. A. A. NJ, and Eureka Chapter,
No. 4, Royal Arch Masons.