davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-03-14
CITIZENS TOPUSH
DRIVE ON LIQUOR
18th Street Heights Group
Continues Its Campaign
Against Sale.

The Sixteenth Street Heights Citi-
Eens' Association last night resolved
to continue its drive to prevent and
rid that section of the sale of liquor.
The association vigorously protest.
ed granting licenses in that section at
the recent hearings before the Alcohol
Beverage Control Board, and failing
to secure a ruling against the sale of
liquor within the associations bound
aries, open boycott of stores selling
liquor was advocated by individual
members.
William H. Ramsey, attorney, who
has been an active member of the as
sociation for many years, said that
as a member of the committee pre-
senting petitions to the A. B. G. Board
requesting that licenses in their dis
'trict be refused, he had been ac-
corded excellent treatment, but that
the board had seen fit to grant IL
censes to certain stores" without ere
gard to the wishes of most of the
residents" in the associations bounded
area.
Claims Petition Was Ignored.
Mr.. Ramsey said that approximate
1y 200 signers had been obtained for
a petition, which was circulated, and
that persons affected felt that the sale
Of liquor was not in keeping with
the policy of most of the persons liv-
ing there"
However, he explained, commercial
zoning permitted that in certain sec
tions of the city licenses could and
were to be granted and that as a
result the associations petition had
been disregarded.
Judge w. j. Graham of the Court
Of Customs and Patent Appeals, a
member Of the association, stated that
''the A. B. c. Board seems to feel that
its duty lies in the granting and not
the refusing of licenses"
Liquor sales in our community will
overreach themselves in the course of
time" the judge said "and later on
we shall be able to rid ourselves of its
sale.
Most of us moved out here to free
ourselves from worry over problems
such as this, which are current in
downtown sections, and this prob
lem of liquor sales is one which we
shall yet settle to protect our COM
munity"
Plan to Be Studied.
The question of some form of traffic
regulation at the corner of Alaska
avenue and Sixteenth street, which
was characterized as "one of the worst
corners in town. was referred to a
committee for conference with city
officials as to the best dispensation.
The Burroughs Citizens Associa-
tion's plan for government of the
Evening star., 1934-03-14

I'm this of gay color much depends your TIE!
Above ALL it must be coorfu whether is dark or light
and we've gathered collection of them for this special
event that than lives up that requirement Every
one is hand tailored resilient and has ustrous lining
Kann's Mems Store-Street Tloo.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
SUGAR ACT To
AID PRODUCERS
New Program Will Increase
Revenues by Nearly
S15,OO0,0OO.
-Wet,eI Market Bureau, lne.-
By Times Special

By Times Special
WASHINGTON, Oct. 11.-Ap-
proximately 100000 sugar beet
farmers will be substantially bene-
fitted by the Costigan-Jones Sugar
Act, under the program formulated
by the AAA and approved by Sec
rotary of Agriculture Wallace, for
1884 and 1885, it is reported.
Production adjustment contracts
have been drafted, emitting those
who sign to benefit payments, which
will restore parity prices and main
tain growers income, despite
drought and depression.
The program will increase their
revenues about $15,000,000 over
what they would receive had not
the Costigan-Jones act gone into
effect. Producers in seventeen states
will share. The money has been
raised by a processing tax without
raising the price to consumers.
The program will exert wide
spread social influence child labor
in the beet fields and assuring field
laborers fair wages. Hearings have
been held on wages and working
conditions, and for the flrt time
there is a guarantee in sight that
the beet hands themselves will par
ticipate in improved conditions.
Growers will receive an advance
of 81 per ton on their normal yield
for each acre planted in 1884, plus
final paymenttof not less than 25
cents ton, to make certain they
will obtain parity prices for actual
1884 production. Although actual
production is about 80 per cent be-
low 1888, which reached an all
time high, nevertheless the growers
as whole will receive within $780,
900 of the 1888 income. The average
1888 price was 1892 a ton; this
years parity price is $6.77.
In addition tax refund will be
paid on that part of their individual
1888 beet production which re-
manned unSold as sugar on June 8
last. Checks totaling about $10,000,-
900 for the advance benefit pay
ment are to go about Dec. l, and
will materially relieve the economic
condition of the growers, especially
in those states in which taxes have
by that time become delinquent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
On Commission ROU

Quotations below are average wholesale
commission dealers.
blacks. a5b box. SIS G4 rSpes Co Mchi sl
Concords. Act. basket. 18c 12-qt basket
40c. California seedless. 27-lb box, $40.
Crabapples. Michigan hvslops. bushel 81 IS.
Perslmmons. Indiana. II ats, 90c. Pears
New York Bart!etts, buSRel. 50. so Avaca-
dos. box. $3.50. Ounces bushel s275. Ba-
nanas: pound. SAC; pineapples. crate, S.
VEGETABLES-Cabbag Northern Dan
ISL, 50-lb. bag, 75c. red. Dushel. sl10.
Onions. Idaho sweet Spanish large, 50-lb.
bag. 81 40; Michigan, yellow 90c. Indiana.
lob. bag. zoe: white. boilers. 1o-lb. bag.
home-grown picking. lob. bag. 75c. Po-
tatoes. New JERSEY Cobblers. l00-lb. bag.
$50 Northern round white 100-lb bag.
81 Is. OhiOs l00-lb. bag. sl.55; Idaho
Russets. l00-lb bag. 50 10 Sweet Dofa toes.
Indiana JERSEYS. Dushel, 40. Indiana
Nancy Halls, bushel. 81 Beans. home
grown, stringless. bushel $3.50; Kentucky
2oS Bess Ou dozen 2 s5se P oo
dozen, Csc; ohio fcut ofsl washed 22-l0.
basket. 75c, bushel. si15 CaIlifoWer.
crate SIPS. Celery Michigan. medium.
dozen. 40c: Jumbo. dozen Csc: hearts,
bunch. 90c. Cucumbers. dollhouse, dozen.
00c Endiye. dozen soc EgR plant dozen.
75c. Kale. bushel. SOC. Lettuce. outdoor. l5-
ID. basket. t60c. Mangos. bushel. 35c. Mint.
dozen. s275 Parsley. dozen. Csc. Peas.
s1.75, 5-lo. basket. SOC Radishes. 2 dozen.
65c Spinach. New Zealand bushel, CSC.
broadleaf basket. 60c. tomatoes outdoor.
f2-lb basket. soc: busheL $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
SEEKS REGISTRATION
OF NEW BOND ISSUE
Application Is Filed With
Stock Commission.

By United Press
WASHINGTON, Oct. 1.-THE
Edison Electric Illuminating Co.,
of Boston, has filed an application
with the securities and exchange
commission to register a new issue
of $2O,OOO,OOO in coupon notes to be
dated Nov. ?, 1884, and maturing
Nov. 2, 1887.
According to the statement, pro-
ceeds from the issue will be used
to pay a $20,000,O0O three-year, 5
per cent coupon note issue due May
2, 1885, which the company called
for payment at 100 and accrued in
terest on Nov 1884.
The interest rate of the new
bonds and the price at which they
will be offered to the public, &C
cording to the application, will be
determined by negotiations with
the twenty-five underwriters of the
issue.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
PRICES MOUNT
IN DEALINGS ON
STOCK MARKET
Opening Sales on Exchange
Run at 100000
Share Pace.

~ q NAttH AFfEs
NEW YORK. oct. 1I.-Prices rose
during the morning dealings on the
Stock Exchange after an opening
that ran at a 100000 share a day
pace. The list at noon was up frac-
tons TO more than 4 points.
Mercantile issues we're again in
demand. McCrory issues made new
1884 highs. the common at 65s, up
Z, and the preferred 81, up 5.
Gains Of fractions to more than a
point we're made by Neisner
Brothers. Hahn Department Stores,
First National Stores and City
Stores. Mail order shares hrmed
fractionally
Gold and silver shares resumed
their rise as some interpreted the
Presidents remarks about raising
commodity prices as indication Of
further inflationary moves. United
States Smelling was up points at
1854 at its high and other silvers
made corresponding gains. Fed
eral Mining 81 Smelling. however.
was forced down 10 points TO 81
Homestake Mining, the volatile gold
stock, was carried up 20 points to
400.
Steel Common, American Tele-
phone and other leading issues made
small gains. Railroad equipments
were strong. Rails firmed. Oils
were steady. Utilities rose fractions
to a point Coca Cola rose 2i2
points to 1876. while the A stock was
at new 1884 top at 81, up IA.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
.UPTURN EXPECTED IN
TEXTILE PRODUCTION
Current Output Placed at
IS to 90 Per Cent.
BIZ Times Specinl

By Times Special
NEW YORK, Oct. 11.-While
activity in the textile industry was
sharply curtailed during August and
September, because of heavy stocks
and strike conditions, a sharp up
ward swing in production and con-
sumption is expected to develop, &C
cording to the Textile Organon. In
the remaining months Of the year
the textile curve will move steadily
upward, eliminating in a new peak
by about the middle of 1885, the
report stated.
Regarding conditions prevailing
in the rayon division of the in
dustry, the Organon points out
that rayon yarn stocks have not in
creased as rapidly as might have
been expected in view of conditions
prevailing in the industry during
recent months.
Current estimates of spinning
activity for the industry vary from
IS to 90 per cent of operating capa-
city. Prices of rayon cloth Streng-
thened during the first three weeks
Of September, particularly in the
acetate constructions. After the end
of the weaving strike, however,
cloth prices we're again soft.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11

Old age security may be sought
in two different ways, namely, by
the pension plan now found in some
thirty states or by the insurance
plan characteristic of most European
countries. The American pension
system is essentially an extension
of poor relief for needy aged per-
sons without means of support.
The original American practice was
to send poverty-stricken aged poor
to the almshouse; now they are
granted more sympathetic and
conSiderate relief in the form Of
cash pension, usually limited to not
more than 81 day, which enables
them to live their own lives in their
own homes.
Obtained BY Taxation
Pension funds are obtained by
taxation and are borne by the coun-
ty, the state and the county and
state together. If the pension form
of economic security for the aged
is to be sponsored by the federal
government the task merely will be
one of allocating the expense of re-
lief between the United States, the
individual state and the local unit.
If, however, the administration
favors old age insurance, innumer-
able complex problems are at once
presented.
When a life insurance company
sells an annuity policy to an indi-
vidual private contract is made,
in which the size of the premium
and thereby the amount of benefits
can be ajusted to the individuals
needs and purse. The situation is
quite different where a state system
tenn of old age insurance is involved,
because of its compulsory nature
and broad application to entire
groups of the population.
The usual practice in state Sys-
TENS as found in Europe is to in
sure specific classes of wage-earn-
ers covered by the law or those
earning less than stipulated in
come. Premiums may be paid by
the wage Garner alone, by the wage
Garner and his employer jointly, by
the employer alone, by joint contri-
buttons of employee, employer and
the government, or, lastly, by the
government alone.
Many Questions Arise
Problems facing the Presidents
committee on economic security,
should an old age insurance system
be favored, invoice coverage, premi-
ums, eligibility for benefits and
amount of benefits.
Financing old age insurance raises
equally knotty problems. Should
the government finance the entire
cost through general taxation, or
should this burden rest upon the
employers entirely or upon the
benef1ciarieS themselves?
Each possibility will have some
bearing upon profits, wages and
salaries and taxes, which must be
taken into consideration.
From the above one may vision
the difficulty of formulating a
sound plan for old age insurance. 1t
is not a proper field for expert
mentation. The plan must be fully
developed and be practicable when
put in operation; its adoption must
not engender new problems of even
greater magnitude. Hence, it be-
hooves us to wait for a scientific
measure rather than to impel the
federal government into hurried
experiment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
MILK LAWS NEEDED
Small Towns Lack Protection
Against Disease Danger.

BIZ Times Special
NEW YORK. Oct. 11-ApproXi-
mately S7.5 per cent of the fluid
milk supply in American munich
palities of over 10000 population is
pasteurized and in cities of 5000 900
people or over. 96 per cent of the
milk is either paSteurized or certi-
fed. according TO National Dairy
Corporation statistics. About 90 per
cent of all cream sold in bottles is
paSteurized.
In the United States as a whole,
however. only between IS and so per
cent of the milk consumed is pro-
tected by paSteurization. Health
authorities in larger urban centerS
have realized the absolute necessity
OF guaranteeing a pure supply of
milk TO the people. and TO that end
have enacted strict regulations gov
erning production, paSteurization
and sale of milk But some smaller
communities still lack the added
protection that compulsory pasteur-
ization or certifcation of milk af-
fOrdS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
INDUSTRY SEEN
AT LOW AFTER
FALL REVIVAL
Resistance to DefIatiOn Is
Shown by Prices for
Finished Goods.
BY w. IAN MACK
Times Special Writer

NEW YORK, Oct. 11.-Industry's
failure to move forward vigorously
during recent weeks in conformity
with seasonal expectations was in
terpreted by economists today as
suggesting the possibility of an en-
suing recession which might carry
factory operations to the lowest
level for the year. Such a develop
ment, it was pointed out, would be
the reverse Of that which occurred
toward the close of 1888, when in
dustrial activity showed a sustained
upward trend.
Various factors are held respon-
sible for the impending contraction,
which, except for a modest revival
of short duration in the early
months of 1884, is expected to pre-
vail until after the first half of next
year.
Resist Def1ation
Principal among these adverse in
huences, it was indicated, is the re-
sistance to def1ation being displayed
by prices for finished goods in the
face of declining values for farm
products and other raw materials.
Other deterrents to extension of
the upward movement, authorities
declared, are those affecting private
initiative and corporate profits. AL
though further monetary expert
mentS in the near future are be-
lieved to be remote, the govern
ment's unbalanced budget and ex-
traordinary expenditures to Stimu-
late recovery were aSSailed as inn
pediments to constructive planning.
On the other hand, increased costs
imposed upon industry by the MIRA
were cited as restricting profits.
Although the disparity between
farm prices and those for finished
goods has been reduced somewhat
in the last few months, the fact that
farm income, regarded as a reliable
index of national income, failed to
expand materially this year was
stressed as in indicator of the an
ticipated industrial slump.
Plant operations thus far this year
at an enhanced price level, it was
explained, suggest production in eX-
cess of the power to consume, there
by portending an inevitable reac-
ton.
Drought Underestimated
Only by reducing prices, econo-
mists said, can industry hope to
moderate the decline. They pointed
out that the slump now under way
in farm staples indicates that the
effects of the drought had been
overdiScounted.
Moreover, they foresaw lower
prices than those currently eXtant
for agricultural products next year
because of the prospects for an in
creased harvest. This eventually, it
was predicted, should be reflected
in expanded industrial operations
late next year, but cautioned that
much depends upon lower finished
goods prices.
In the interim, the fear was ex-
pressed that the mounting number
of joblesS resulting from contracting
plant activity might inspire pressure
for additional New Deal" expert
mentS.
Among those are expected to be
demands for further devaluation of
the dollar, heavier federal expendi-
lures for public works and relief
as well as pleas for further Short
ening Of hours of labor in industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Stock Studies

The chief business of the Union
Tank Car Company is the leasing
of tank cars for the transportation
of gasoline and other petroleum
products. The company is one of
the two principal concerns in this
business. owning $4,000 steel tank
cars. Although the firm does not
manufacture any cars, it has as
Sembling facilities and also well To-
Gated repair shops. Its largest GUS
toner is Standard Oil.
FINANCIAL DATA
As of June 80 1884
Capital Stock mo parl-1 200, 900 shares
Equipment Trust Notes s3,900000
Surplus 4855,548
Cash and Securities 8,336.265
Total Current Assets 10, 474, 1877
Current Liabilities 457.954
Tank Car Equipment
Oess deprec) 26,277,155
On Oct. /, the company called
for payment, its entire Az per cent
equipment trust certificates, which
amounted to s3,900,000 on June 80.
During the twelve months period
ended on June 80, cash and securi-
ties decreased approximately 5000,
900, but net working capital was
only about S350,000 less. Surplus
was 81, 400,0 less. On June 30, 1882,
the ratio was % to l, and the book
value of the common stock S2903,
or S1l9 less than a year previous.
Union Tank Car has made profits
continuously through the depression
years, although they have been
much decreased. In 1888, capital
stock earned SO cents, while during
the first six months of this year it
earned 81 cents.
The organization has been liberal
with dividends, drawing on its sur
plus in 1881, 1882 and 1888 Last
year SIPS was paid on the capital
stock. The present annual rate IS
S120. Apparently this dividend is
now being earned.
The Union Tank Car Company
originally was incorporated in 1891
in New Jersey. The capital stock is
listed on the New York Stock Ex-
change At a current price of
around 202s the stock yields nearly
6 per cent.
All Rights Reserved. Winchester Institute
OF Finance, Winchester, Mass.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Wall Street
by RALPH HENDERSHOT-
Times Special Writer.

NEW YORK, Oct. 11.-American
4 investors in Kreuger 81 Toll
are to be asked shortly to agree to
a reorganization of the affairs of
that company, it was learned this
week on good authority. Two Swe-
dish representatives of the defunct
concern will arrive here in the near
future, it was stated, to place such
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Other livestock
(By Times Speciall


LOUISVILLE. Oct. -Cattle-Commer-
cial. 1925; supply light; quality plain; gen.
orally steady on all classes: bulk palmer
grade grass steers and heifers. SOAPS;
better finished lightweights quotable TO
around Sc; bulk beef COWS. s250@3 low
cutters and cutters Sl256225: sausage
bulls. mostly 50 rs down; run includes sew
eral loads desirable Hereford stock calves.
salable from S450G5: common to me-
dunn grade natives. s250m350. Calves
Commercial 500. including 335 stock calves:
market steady: bulk better vealers. Sc so
al, medium and lower grades. S. down.
Hogs-Receipts. 700; market not estab-
of. or SIS 90 for better 200-250 10. weights
Sheep-Receipts. $50: steady: bulk better
lambs, s6d625: choice ouotable higher;
So so: better fat ewes Sl5om2: stock
ewes salable mostly at S66750 a head
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
REPORT is APPROVED
Masters Brief on Richfield Oil
Case Is Sanctioned

NEW YORK, Oct. 11.-United
States District Judge William P.
James, has approved the report of
the special master appointed in
connection with the Richfield Oil
Company of California receivership
with certain modification.
Unless appeals are taken. this &C
ton by Judge James is a final ad-
Indication of what are mortgaged
and unmortgaged properties, dealt
with in the special masters report
filed in May this year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
U. S. PROGRESSING IN
BUSINESS RECOVERY
Thomas ]. Watson to Attend Fall
Meeting In Paris.

~ tNto optCtut
NEW YORK, Oct. 11-"ReportS
of improved corporate earnings and
dividend declarations throughout
the country and the improvement
in our own sales, which reflect an
increase in general business, con-
vince me that the United States is
making progress along the lines of
business recovery" Thomas j. Wat
son, president of International Bus
mess Machine Corporation stated
today.
MIR. Watson will attend the fall
meeting of the Council Of the inter-
national Chamber of Commerce, of
which he is chairman of the Amer
lean, section, which opens Oct. 10 at
Paris. Afterward he will visit the
leading Offices and factories Of In
ternational Business Machines Cor
pOration in Europe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Produce Markets

Delivered IN Indianapolis prices; Heavy
hens nc; Leghorn hens, &c; colored
springers. IL lbs. and over. lie Leg
horn springers &c; old ROSTERS. Sc: ducks
guineas, I5c: No. / strictly fresh coun-
try run eggs. loss Of l9c. Each fun case
must weigh S. lbs. gross. deduction q
lbs viii be made Butrer-No / 281 2sc.
Butterfat. 23c. quoted by the WadleT
Company
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
LIMITED DEMAND Is
REPORTED ON WOOL

Bids Made on Spot Grades, but
Offers Not Acceptable.
By United Press
Boston, Oct. ia limited de-
mand is being reported on twelve
month Texas wool offered in the
country, but these woods are some
what slower than last week, accord
ing to the report of the United
States Agriculture Department.
Average twelve months staple is
estimated to be costing now around
SO to 65 cents, secured basis, deliv-
cred east, compared with So to 63
cents two weeks ago.
Bids are being made on shot
territory woods, but most offers are
not acceptable. Spot Ohio and SINH
lar fleece woods are mostly quiet.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Earnings Decline

Net income OF the Electric Bond
and Share Company OF New York
for twelve months ended Sept. 80,
was reported at S10O06.962. equiva-
lent. after preferred dividends, TO
20 cents . share on common stock.
Earnings in the preceding twelve
months were Sl0,597 ,28S.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
GLeaningS
Steel Shipments nrnn

The United States Steel Corpora
ton reports shipments of finished
steel products during September
amounted to 370.306 tons. against
SIS 023 tons in August. Approx
mately 57l,l6l tons were shipped in
the same month OF 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
GOLD HOLDINGS SOAR
Government Stocks are Valued
at 1888, 1852, 3O7.

BIZ Jntted Press
WASHINGTON, Oct. 11.-Goy-
eminent gold holdings reached a
high today of 1898 562 ,3O7, as the
result Of recent imports caused by
strengthening dollar quotations in
foreign exchange.
The latest rise in gold holdings,
attracted by the governments's I'M
limited S35 an ounce buying rate
for the metal, carried gold stocks
$685. ,298,381 above the holdings Of
Feb. /, when the dollar was deval-
ued
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11
Electric Output Gains

Electricity production in the
'nited States during the previous
eek totaled 1859 1872 900 kilowatt
s'ours. as compared with 1913 976.-
900 in the preceding week, accord
ing 10 the Edison Electric institute.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-11

a proposal before
creditors in this
country.
Full details of
the proposal could
not be ascer-
tanned, but it was
said that they
would include the
formation of a
new concern to
take over the as
sets of the old
company. Most
Americans con-
slider their invest