davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-04-08

margin between income and neces-
sary outgo is gradually decreasing.
With excess reserves at their present
figures and the capital market closed
to new corporation loans, institutional
funds concentrate in Government or
municipal issues.
An illustration of this may be taken
from the bank statements as of March
81. These indicate a remarkable in
crease in the holdings of Treasury
obligations. Four New York banks
and trust companies on that date held
an aggregate of nearly Sl.500.000 900
of such paper. Many of them show in
their assets Government securities
greatly in excess of their cash on
hand. In one instance S4040O0 900
of securities compared with STAT 000.-
600 in cash. and in another about
S485 100000 of Treasury loans were
listed against S2l5,0OO,OOO in cash.
The concentration of the Govern
ment debt in the portfolios of the
banks has become even greater in the
last year than prior to the morato-
rum. With deposits now guaranteed.
numerous banks are maintaining a
liquid position represented by 65 to
80 per cent of Government securi-
ties and cash in relation to deposit
liabilities. Under these circumstances
it seems strange that necessity arises
for so many different kinds of lend
ing agencies under the auspices of
the Government.
'Copyright 1884 bv the North American
Newspaper Alliance. Inc)
Evening star., 1934-04-08
Reported by Chas D Barney & Co
BY the Associated Press.

New 1884 high.
,l92i average EQUALS 1909
tCopyright, 1884 Std. Statistics Co
Evening star., 1934-04-08
DOLLAR GOES DOWN
SLIGHTLY LONDON
BY the Associated Press.

BY the Associated Press.
Foreign exchanges were stable and
rate changes were narrow in yester-
days abbreviated session. The dol
lar lost slight ground to non-gold
currencies, but held steady in terms
of others.
In London the American unit closed
fraction lower at 5.167s to the
pound sterling and in New York
sterling was l cent higher in later
trading at $517ia.
In Paris the dollar gained ~
centimes to close at an equivalent of
$50 cents to the franc, while in New
York the French unit was unchanged
in later trading at $50 cents.
Gold declined 6 pence to 1874
shillings pence (S3476) a fine ounce
in the London open market, at which
price approximately $577,82O was
purchased.
Evening star., 1934-04-08
LIVE STOCK PRICES
N0MINALLY STEADY
Fat Lambs Strong to Is Cents Up
From Week Ago at Chicago.
Reach $940 Top.
By the Associated Press.

By the Associated Press.
CHICAGO, April THE hog mar
ket was nominal today as packers
took 5000 of the $500 in the run on
direct billing and left the few in the
pens for other buyers. Practically no
sales were reported. only a few odd
lots going at S425 downward
Cattle also were nominally steady.
with the market generally in the same
position as a week ago. Best steers
ard yearhngs topped S765.
Sheep were likewise nominally seadv.
but fat lambs were strong to IS cents
higher than week ago, with aged
sheep 25 to so cents lower. The week S
top on fat lambs was S94O. Native
Spring lambs topped at SIG. This
was paid for some choice light weights
wanted for the Greek Easter trade
tomorrow.
Evening star., 1934-04-08
CORPORATION EARNINGS.

NV YORK. April LP,-Per share
he week with comparisons with the
precious wear lncludPd.
Evening star., 1934-04-08
FEDERAL LAND BANKS.
FOREIGN EXCHANGES.

NEW YORK, april Z l4H.-Forelgnl, eX-
others in cents: Great Britain. dema nd,
SIS; cables, SIS: G0-day bills, 517
France. demand $50; cables, 600. Italy,
demand $50; cables. $50.
3a'2s: Holland. 67.a3; Norway, 36.Ud;
Sweden. 26.7I: Denmark. 23.l Finland
Portugal. ~: Greece, 90: Poland. 1907 :;
Czechoslovakia, Az; YugoSlava, 30;
Austria. 1aOl": Rumania. l .O2; Argen-
tine, "a A.: Brazil. S.75": TOXIC. 30.5o:
Shanghai $500; HongkonG. 1900 MEXICO
York. lO009as, New York. in Montreal.
O990Ss
Nominal.
Evening star., 1934-04-08
COttOnseed Oil.

Bleachable cottonseed oil was quiet
and about steady today in sympathy
with steadiness in other markets.
Exchanging from May to September
at a difference of As points from
May to November at so points was
a feature in an otherwise small mar
ket. While a few sales were made
in May and September at or a few
points above the previous close, clos
ing bids were lower, ranging from
unchanged to IL points decline.
Bleachable spot nominal; May closed
5.3l; July $50; September 576; Octo-
ber 5.82
Evening star., 1934-04-08
MARKETS REFLECT
TALK OF FURTHER
SLASH IN DOLLAR

Continued From First PageD
Evening star., 1934-04-08
CITIES SERVICE COMPANY
Stockholders

can obtain important information at
Room No. 6?1 Southern Building, 18th
and II StS
Evening star., 1934-04-08
-. , Zenith Radio. ......
=. 81. Zonite Products...
RIGHTS. Expire.
Y Il.

=
Dividend rates given IN the above table annual
cash payments based latest ha-yeary
unit trading less 1Party extra
- IN stock Pad last year-no regular Payable
stock Flus - in stock Paid this year. Accumulated
Evening star., 1934-04-08
NEW YORK BANK STOCKS

NEW YORK. April : LP.-Over-the-
counter market:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
ALL is READY
FOR CORONATION
OF WILL SMITH
New Brown Derby King to
Be Crowned at Fair
tomorrow Niqht.

Speeches were practiced over
breakfast doughnuts today as CO.
horts Of DR.. VIII H. Smith Jr. the
new King" OF Brown Derbyville.
prepared for the most oistin-
guished citizen" coronation cere-
monies 70 be held tomorrow night
AZ 7.30 in front Of the grand stand
az the Indiana state fair.
Engravers we're busy carving deep
the name Of King VIII I on the
silver plaque while the royal halter
brushed of the brown kelly and
made II ready for the coronation Of
the new king.
King" Joe McLaferty, 1893 win
ner: King" Tom Quinn. 1892 ruler.
and king" Charles Sumner, 1881
monarch, are expected 70 attend the
new reign OF the House Of Smith
al the state fair.
In the meantime. the royal crown
has been placed BY King" Smiths
serfs in the window OF the Garden
OF Italy. los North Illinois street,
for all 10 see.
Tomorrow morning the parade
lineup and the march route Will be
announced.
Tomorrow night the King will
cast his straw lid and felt aside for
IA darby" Due TO a shortage
in derbies King" VIII will be
crowned with a 6E.
Watch for the parade tomorrow
night. Be at the state fair at 1870
TO see the regal robes and diadem
OF brown garnish a new brow.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05

praising the new, scientific mixture
of Natures Medicines, known as
Indo-Vin, which is now being intro
duced to large crowds here in In
dianapolis by the Indo-Vin Man in
person at Hooks Drug Store, Illi-
nois and Washington streets. MIR.
Schmid is a widely-known man,
with hundreds of friends through
out indianapolis and vicinity. Fol-
lowing is his statement:
IF anybody ever suffered more
from rheumatism than I did in the
past YEARS don't see how they
could stand it," said Mr.. Schmid.
Several years ago I began to have
sciatic rheumatism and got so I
was almost disabled with it. My
arms and shoulders got weak and
painful and were almost stiff. Even
my back was weak and sore and it
just seemed like my WHOLE SYS-
TEN was poisoned and full of this
rheumatic affection. was also hav-
ing bowel trouble, in fact, this had
gone on so long it had gotten
chronic with me and was always
taking physics.
It tried everything under the sun
but nothing helped me until got
Indo-Vin and it has done me more
good than everything else put to-
gether. This medicine, by its great
natural action, has eliminated all
the poisons from my system and
that awful rheumatism that had
been over my body is all gone and
the joints of my arms and shoulders
are limbered up. You don't know
how wonderful it is to be free of
those awful rheumatic pains. This
medicine is the most wonderful
thing that I EVER heard of and I
gladly endorse it"
The Indo-Vin Man is now at
Hooks Drug Store, Illinois and
Washington streets, indianapolis,
daily meeting the public and intro
ducing and explaining this new
mixture of Natures Medicines. Also
being sold at all other Hooks De-
pendable Drug Stores and in all the
nearby towns by every good druggist
throughout this whole Indianap-
oils Observation-Disclosures.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
DRINK-CRAzED
FARMER KILLS
5 IN ILLINOIS
Sixth Wounded Critically;
Slayer Shot by Police,
Near Death.
By United Press

By United Press
EAST CLINTON, H., Sept. S.
Fiery bootleg liquor and thirst for
revenge-five persons dead, a sixth
critically wounded and the killer in
a hospital with two stomach wounds.
That was the police story in brief
today of a few minutes Of terror and
horror in which Fred Blink, As,
farmer and truck owner, shot and
killed two women and three I'M
armed men, wounded another. and
himself was shot by Police Chief
Frank Kustes of Fulton, H., as he
attempted to blow of his head with
a shotgun.
The dead:
Mrs. Timothy H. Corrick Jr., Des
Moines.
John Hamilton, Fulton farmer.
Mrs. Jennie Walters, Sterling, Ill,
Blink's housekeeper.
Henry Menje, Belvidere, Ill
Webb Collier, Sterling, brother OF
Mrs. Walters.
Physicians at the Jane Lamb hos
pital in Clinton, said Joe Collier,
aged farm hand, probably would die.
Blink was in dangerous condition.
Police said the mass Staying was
caused by a brain added by drink
and pent up rancor. Hamilton.
Blink's partner for years, they said,
rented the farm the two had oper-
ated together. Hamilton notified
Blink that their partnership was
ended.
In an ugly mood, heated by steady
drinking for several days, Blink
climbed into his truck yesterday
afternoon with the announcement
that he was going to find Hamil-
ton"
A few hours later Blink drove up
to the farmhouse, and the Sayings
followed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05

the growing grain into silage. Stalk
growth is unusually good, it is re-
ported. One silo which ordinarily
will hold stalks from ten acres, has
been filled with stalks from only
five.
Large quantities of silage will be
used during the winter, because of
a shortage of hay. Price IS high as
SIS a ton is being asked for hay.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
THREE FILLING STATION
GANG SUSPECTS HELD
Police Quiz Trio on Recent HOldups;
Identification Claimed.

Police early today arrested three
suspects for questioning in connec-
ton with numerous filling station
holdups here. One suspect, Charles
Miller, 81, of 854 East st. Clair
street, was said to have been identi-
fed by a gas station attendant as
member of the three-man bandit
gang which robbed him early yes
terday.
Miller and Kathleen Huffaker, %,
Knoxville, Tenn, and Frank Hob
son, %, of 854 East st. Clair street,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
Students Will Work
By United Press

6V GUtEt0 fFtoe
GREENCASTLE, Sept. 5.-A CO.
operative house plan to reduce liv-
ing costs of students, originated at
Indiana university two years ago,
will be inaugurated at De Paw uni
versity when the fall term opens
Sept. 10.
The play, worked out by Mrs.
Ethel Bell when she was educa-
tional director of the Union county
farm bureau, permits students with
only a small amount of cash to use
canned goods, meats, vegetables and
other farm products as part pay
ment of their living costs.
Although especially adapted to
Al club members, the plan is open
to other students who can qualify,
Mrs. Bell said.
The house at De Paw will be in
charge of Mrs. Bells daughter, Miss
Irene Mikesell and will have a
house mother also in attendance. 1t
will accommodate twenty men stu
dents.
Those living in the house will pay
SIS a month, approximately half
the average living cost for De PAW
students, and each will contribute
about 100 quarts of canned foods to
the commissary from which will be
drawn supplies for meals served at
the house.
Students will do all the work, re-
quiring about an hour a day from
each.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
FILM ACTOR TO SPEAK
Tim Mccoy to Appear at Riley Hos
pitaI for Children.

An explanation of the Indian sign
language will be given the children
at the Riley hospital at today by
Tim Mccoy and his company of five
Arapahoe Indians from the west
coast. The motion picture actor
and his company are appearing this
week at the Rivoli theater, 3155
East Tenth street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
STATE G. o. P. PICKS
PUBLICITY DIRECTOR

Senator RObinson's Secretary Again
Given Post.
Arch Mercy, secretary to Senator
Arthur r. Robinson, and former
Vincennes newspaper man, will di-
rect publicity for the Republican
state committee.
Mr.. Mercy was in charge of Re-
publican publicity during the 1882
campaign.
At a meeting of state candidates
with Don B. Irwin, state chairman,
yesterday, it was decided that ma
tional issues should not completely
overshadow state issues in the COM
ing campaign.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
Special Tax Asked
By Times Special


MUNCIE, Sept. 5.-Levy of a spe-
cial tax to pay back salaries OF seven
discharged Muncie firemen who won
a suit against the city, is asked in a
suit filed by their counsel. The city
is obligated to the seven men for a
total of 100000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05

are held on vagrancy charges under
high bond.
Acting on secret information, the
police raided the st. Clair street adj
dress and arrested the trio.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
Indiana in Brief
By Times Special


EUNCIE Sept Engineering Company Chi
WI Of Munce days warning that unless
action enforce contract which
service
George Gaogne, Cleveland o. months
service connection With ntercepor sewer
system sewage disposal plant.
ing it entered engineering the
However it city failed
but minutes OF public motion adopted
hoizin
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
SEPT. 5, 1884
LITTLE EVA TO TAKE
STAND IN DEATH TRIAL
Alleged Killer 10 Testify Despite
CounsePs Protest.
By United Press

By United Press
CoOPERSTOwN. N. Y. Sept. ST.
Eva Coo will go on the stand against
the advice of counsel in desperate
effort to escape conviction for the
murder of her crippled handyman,
her attorneys said today.
The square jawed roadhouse mis-
treSs who. the state claims, put an
end to Harry (Gimpy) Wright so
she could collect $4,000 in insur-
ance watched her trial move swiftly
toward climax. 1t may go TO the
jury by Thursday with the posi-
bility Of a verdict that night.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
TAX RATE IS BOOSTED
Beech Grove Levy Is 81, Increase of
10 Cents.

The Beech Grove town council
last night set it's tax rate at 81, an
increase of 10 cents over the cur
rent rate. The budget was raised
from $4,000 to $4,000 to provide
for two night policemen instead of
one, the maintenance of the city
park and to restore a 10 per cent
pay cut to policemen and firemen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-05
BODY WAS FULL
OF RHEUMATISM
IndO-Vin Cleared 1t From
His System; Had Pains
All Over Him.

Mr.. Charles Schmid, widely-known
resident of Oaklandon, Ind. Gust
IA miles from Indianapolis) has
now come forward with his TRUTH
Full and REMARKABLE statement,
The Washington times., 1934-09-04

Summer recession in business
has slowed down sales as well as
collections throughout the coun-
try, according to a survey by the
National Association Of Credit
Men based on August results. The
drop, compared with July, in both
volume and debt payments, was
said to be slight.
Of the cities reporting in the
survey, II per cent indicated col
lectionS were good, 25 per cent
found payments slow and 64 per
cent reported fair.
Lists Good Cities
Cities listed in the good cOllec-
ton class included San Diego, Cal;
Waterloo, Iowa; Wichita, Kan;
Detroit, Mich; Duluth, Mimi;
st. Joseph, Mo-; Buffalo, N. Y;
Syracuse, N. Y; Dayton. Ohio;
Houston, Tex, and Richmond, We.
Reports indicated fair sales in
70 per cent Of; the cities report
The Washington times., 1934-09-04
OBSERVES
125THB|RTHDAY.
HERE TODAY

The National Bank Of Washing
ton, the Capitals oldest bank, is
celebrating its 125th birthday to.
day.
In that span of years history
has been woven about the institu-
ton. Among the celebrated states
men to have intrusted their funds
to its safekeeping are Henry Clay
and Daniel Webster.
Clarence F. Norment is chair
man Of the board Of directors, and
George L. Starkey, an able and
conservative financier who has
rendered more than 40 years Serv-
Ice to the institution, is its presi-
dent.
Other officers include: James
Trimble, vice president; j. Frank
White, vice president and cashier:
Edmund H. Graham, John Alden,
William E. Howard and Ruther.
ford j. Dooley, assistant cashiers;
E. c. Brandenburg, general coun-
sci and trust officer; Odell s..
Smith, secretary of the board, and
Everett H. Parsley, auditor.
The board of directors is com.
posed Of ]. M. Beavers, e. C..
Brandenburg, Henry N. Brawner,
jr.; Wrisley Brown, J. Edmund
Cammack, Max Fischer, Maurice
F. Flynn, G. w. Forsberg, George
B. Goetz, Frank R. Jelleff, Michael
A. keane, Mark Lansburgh, Nor
rls E. NARROW, Arthur j. May, w.
Clarence Miller, Clarence F.. Nor.
ment, Clarence F. Norment, jr.;
Henry Norment, Charles Schafer,
George P. Sacks, John Schrivener,
Odell s. Smith, George L. Starkey
and James Trimble.
The banks deposits are in ex-
cess Of $9,000,000. Since the insti-
tuition celebrated a century of
progress in 1909, continued steady
growth has been enjoyed.
A thriving branch is maintained
at 1121-1123 Water st. S. w.,
which was opened in February,
1929.
The Washington times., 1934-09-04
City Bank Finds No Warrant
For Extreme Pessimism

while the heavy industries are de.
pressed.
Discussing the drought the
bank predicts the cost Of the
calamity in great degree will be
transferred to city people and con.
surners through the bonus and re.
lief payments and higher food
costs. On this subject it con-
tinueS.
ITO the extent that the
drought damage eliminated sur.
pluSeS and raises farm prices more
nearly to the accustomed relation.
ships with other prices, it tends to
restore the balance within the
economic system and promote the
exchange of goods. Obviously its
effects are very different than If
it had come in a year when re.
serves Of farm products were
Inadequate"
One unfortunate aspect Of the
drought, the bank fears is that
it adds to the burden of relief.
While admitting Treasury ex-
penditures for this purpose give
support to trade, it emphasizes
they add to the difficulty of bal
ancing the budget, prolong the un.
certainty as to the fiscal situation
and remain a charge upon the
economic system both as to
principal and interest until the
borrowed funds are paid off.
The Washington times., 1934-09-04
n. !. RESERVES
LOANS SPURT

Concrete evidence Of progress
in eXpending bank loans to com.
mercial borrowers was revealed
in the monthly credit review Of
the New York Federal Reserve
Bank.
The bulletin reported that in
the last month advances, which
presumably represent largely com
mercial borrowing, have shown
their first substantial increase
since the autumn of 1888. The
increase amounted to approx.
mately $10O,00O,O00 in the four
weeks ended August %, and was
described by the bank as "appar'
emily reflecting q fairly early
beginning Of the financial or
seasonal business activity"
OF the total increase during the
period, $22,000,000 occurred in
New York city and the remainder
was widely distributed in other
Federal Reserve centers.
Notwithstanding the increase,
the bank said, the total volume
of these loans is still $225, ,OOO, 900,
or about 5 per cent, below a year
ago. At least part of the reduc,
ton represents the charging off
of old loans classified by exam.
iners as being Of doubtful value.
It stated
The Washington times., 1934-09-04
BUSINESS
HOLDS WELL

Volume Of drug sales the last
six months Of the year is ex-
pected to equal the increased
aggregate of the first half by
Dun & Bradstreet, Inc. In o
survey of the outlook the agency
asserts opinion is held in some
quarters that business may even
exceed a year ago.
Profit margin is becoming
smaller, according to the survey,
because retailers are finding 1t
expensive to maintain volume
and manufacturers have been
unable to pass along to the trade
increased costs.
In most districts, drug store
sales have shown an increase
every month thus far over the
distributive totals for the COM
parative periods of 1888, with a
pronounced gain in the call for
luxury items.
Up to May this increase
averaged around 80 to IS per
cent, but the recession which set
in at that time led to a gradual
tapering-off, so that volume now
is not averaging better than is
to 20 per cent above that Of q
year ago.
The Washington times., 1934-09-04

NEW YORK, Sept. 4 GN.sO.
Although the autumn business
outlook is still clouded with un-
certainty, retail trade reports and
anticipated consumer purchasing
power furnish no warrant for ex-
treme peSsimism, the National
City Bank states in its monthly
economic review today.
Asserting it is plainly too early
to charge off the fall season as a
loss, the banks says:
"If fall trade is disappointing.
it is less likely to be due to
drought than to the obstacles i'm
the way Of revival of the capital
goods industries, to labor trOu-
bleS and unecOnOmically high
costs and prices for finished
goods, and to the fiscal and
other uncertainties connected
with Governmental policies"
AS long as the capital goods in
dustries give as little employment
as at present, the bank believes
a vigorous and general recovery
is not to be expected, and few
count upon much help from that
quarter in the weeks ahead. How.
ever, it adds, it has been demon
strated during this depression that
the industries making goods of
everyday use can enjoy q consid-
erable, if temporary, revival, even
The Washington times., 1934-09-04
DECLINE SLIGHT
FOR Va. JOBS

The Richmond Federal Reserve
Bank in its monthly report on
business, manufacturing and agri"
cultural conditions in the district
said that employment in Virginia
had declined but ITO of per cent
during June and July.
Throughout the district, the re-
port said, employment compared
favorably with the rest Of the ma.
ton, although restricted operations
in Carolina textile mills affected
payroll totals.
In the cotton textile industry,
mills continued a policy of IS per
cent restriction during the period
covered by the report, but the out.
put increased materially during
August. Fifth district mills con.
sumed 1855 ,604 bales Of cotton last
month.
The district tobacco crop was
estimated at 545, $3.50, 900 pounds on
the basis of August / conditions
decrease Of 27 per cent under 1888
production.
The report concludes by stating
that Virginia and other fifth dis.
trict farmers are in a very favor.
able position this year.
The Washington times., 1934-09-04
INDIAN COTTON
SUPPLY Up

Indicated world supply of Indian
cotton for the current cotton sea-
son, according to the New York
Cotton Exchange Service, is 9,452,.
600 bales Of about 400 pounds
each. This compared with a
supply of 8,743,000 bales last sea-
son, 100000 two seasons ago
and an average in the five cotton
seasons just prior to the begin
ming of the depression.
This seasons indicated supply
is the second largest on record.
The largest supply on record was
9,S44, 900 in the 1929-1930 season.
Accordingly the supply is $4,000
bales smaller than l92s-30, but
100000 bales larger than last sea-
son.
World spinners used 1921, 900
bales Of Indian cotton in the sea-
son just past, compared with
4,372,000 bales two seasons ago;
4,S49 900 three seasons ago and
an average of 5,403,000 bales in
the five pre-depression seasons.
Mills in India consumed 2,271,'
600 bales against 2,376,000 bales
two seasons ago, 2,314,000 three
seasons ago and a pre-depresSion
average of 100000 bales.