davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
MEXICO HINTS
BOND ACCORD
SANS BANKERS
President Rodriguez Implies
Debt Service Proposal
Will Be Direct.
BY HOWARD CARSWELL
Times Special Writer

NEW YORK, Nov. 26.-What
American and other foreign holders
of Republic of Mexico bonds may
hereafter receive on their holdings
may be under a new debt Servicing
arrangement between the Mexican
government and the foreign bond
holders rather than the internation-
al committee of bankers for Mexico.
1t was learned today.
In a message to the Mexican con-
greSS on Sept l, President Rodri-
guez indicated that a new program
for redemption of Mexicos foreign
debts would probably be proposed.
The implication was APPARENT that a
new REIMBURSEMENT agreement would
not be negotiated directly with the
international committee. with which
Is deposited most of the Mexican
bonds Of $500, 100000 face amount.
Ezra Suit Dismissed
The New York court of appeals
dismissed last week the suit OF Silas
Ezra of Chicago, for an accounting
of the 100000 fund representing
the balance not paid out of the
S45 100000 RENTED agreements of
1922 and 1925. Mexico suspended
remiSSionS on the bonds in 1927.
This decision of the court of APP
pealS definitely ends attempts made
since 1880 to compel the interna-
! Of ho
tribute funds against the wishes of
the Mexican government, in the
opinion of Jerome S. Hess, of Har-
din, Hess q Elder, legal counsel for
the government of Mexico.
Accounting Asked
Mr.. Ezra brought suit as a de-
posting bondholder for an account
ing of the $7OOO.OO0. Court dis
miSal recognized the contention Of
the government of Mexico that
New York state courts lack juris-
diction over Mexican debt. Dis
position of this fund now awaits
an understanding between Mexico
and the International Committee of
Bankers, which is headed by Thomas
w. Lamont, of j. P. Morgan a. Co.
The previous suits involving dis
position of the $7000,O00 suffered
/ court dismissal. The first suit was
brought by Gustavo Gallopin. who
did not deposit his bonds with the
international committee. His suit
to compel an accounting was dis
missed by the supreme court Of
New York county and its appellate
/ division.
Bankers Suit Failed
The second case was an account
ing suit brought by the internal
tional committee Of bankers against
all classes of bondholders, which
asked the court to distribute the
100000 in litigation
This was dismissed in 1882 on the
contention of the Mexican govern
ment that New York state courts
lack jurisdiction, the same reason
for dismissal of the latest suit
brought by Silas Ezra.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
LUMBER PRICES PARED

BU Imf8 NDecl0T
WASHINGTON. Nov. 26-NRA
today ordered, effective Dec. 8, a
reduction in the minimum prices Of
all domestic hardwood lumbec ex-
cept walnut. The new price sched-
ule will take effect unless good
cause TO the contrary is showns"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
QUARTER NET HIGHER

The Central and South West Util-
tiles Company net income for the
September quarter was S276,992, be-
fore prior lien and preferred diyi-
dends, but after provision for re-
tirement and full preferred dividend
requirements Of subsidiaries, COM
pared with s12OO99 in the same
quarter of 1893
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
BUTTER OUTPUT LIGHT

BY 1 iMtS SpfciHt
WASHINGTON. Nov. 26.-Despite
large supplies on hand this fall, pro-
duction Of butter and manufactured
dairy products are expected much
lighter during the winter months,
according to the bureau of agricul-
ture economics.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

cash is almost Ger
tain to help slim
ulate business.
1t remains to be
S e e n, of course,
whether the COM
panies making the
extra payments for
tax reasons are
using good judg-
ment. The admin
iStration is known
to favor the use Of
SurpluSSes wherever
possible for plant
rejuvenation and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
HENRY GAGE APPOINTED

Henry E. Gage has been appointed
a special representative Of the Ohio
State Life Insurance Company by
L. S. Shafer. general agent here. He
formerly was with the United Mu-
tual Life.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
PATHE ORDER SIGNED

bv IN q Npfct1I
NEW YORK, Nov. 26.-Supreme
Court Justice Gothic has signed an
order authorizing meeting of
stockholders Of Pathe, Inc, on
March to pass on reorganization
Of the company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
WHEAT CROP ABOVE
DOMESTIC NEED SEEN
Excess for 1856 Period Visioned
at 165 1000, 900 Bushels.

BIZ United Prose-
WASHINGTON. Nov. 26.-A pos
sible excess production of 65,000,-
900 bushels in American wheat for
the crop year 1856 over domestic
consumption requirements was fore
seen today by the bureau Of agri-
cultural economics in its monthly
report on world wheat prospects.
1T would seem from an examina-
ton Of all factors that the acreage
which has been and will be planted
for harvest next year is likely to be
5 or 6 per cent less than the acreage
sown for the base period 1902,
but above that seeded for harvest
in 1884" the report said.
This would indicate an area to
be sown for harvest in 1885 Of some
where around 62.OO0,0OO acres. This
acreage, with average abandonment
of Yields. would result in crop Of
approximately 790,OO0,0O0 bushels"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
CATTLE BID DATES SET

BIZ I'M q Npfct1I
WASHINGTON. Nov. 26.-Bids on
the processing OF additional drought
cattle into canned beef and veal for
the needy unemployed will be
opened Nov. 80 by the Federal Sur
plus Relief Corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
Other livestock
by United Press

10y DIIIttN EltNaI
2s6-soo i6s IS S So: 225-25o i6s' s5'45. 200
225 lbs. $3.50: 10000 lbs. s. 20: Iso- ls0
"a i40-iSO los $40. l30-l40 lbs. SO so;
l2O-l3O lbs 1910 loo--l2o lbs, 81 50:
roughs. IS. stays So. Calves. S.; lambs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

CITY grain elevators are paying 50 cents
FOR No. soft RED wheat. other grades
on their merits. Cash corn No. yellow
Is cents and oats - cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
IMPROVE TRAIN SERVICE
PENNSYLVANIA Announces Better
ment in Passenger Schedules.

Improved passenger schedules on
several Pennsylvania railroad trains
was placed in effect yesterday, it was
announced from local Pennsylvania
headquarters today
Chicago. indianapolis, Louisville,
Fl. Wayne and Logansport patrons
wnl benefit by the improvement in
schedules. which in some instances
will be much faster than on the
present time tables.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quotations
from leading Indianapolis coal dealers.
A ascent carving charge Der ton Will be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

! extensions, with a view of Stlmulat-
ing trade, but little evidence has
been produced as yet to indicate
that it proposes to tax it into such
use.
From past experiences, however,
it is known that when taxes are
needed wealthy corporations have
not been overlooked And it is felt
that when the time comes to pay the
cost of the New Deal there will be
a mad scramble to find taxable
items. Corporate heads will not
admit that they are putting their
! houses in order against such time,
but it is reasonable to suppose that
such is the case. In some instances,
though, the extra dividends are
being authorized because they have
been earned and are justified.
TRANCE is said to have caused
Il quite a sensation at the inter
national wheat conference when she
asked for an export quota even
larger than that of the United
States. Heretofore that nation had
not been an expo, Ter of wheat, and
it is doubtful that it ever will be an
exporter of consequence. But the
request furnishes food for thought
for all nations now attending the
conference, and more particularly
the United States. 1t brings home
+Lo foo+ +bo+ ot,o,-,, offOrt IN ont r1rO
duction or exports by artificial
means constitutes an invitation to
some other nation to go after the
protected" market.
TIME word confidence" is being
il used by almost every other
person one meets these days to de-
note one of the prime requisites for
return to normal business. 1t is
used so often, in fact, that one be-
gins to wonder whether it means
the same to all people and whether
it fits the particular condition in
question.
The hope for profits is the chief
motivating force in business &C
tivities, and confidence probably
might be described as a state Of
mind which comes after ones bust
ness judgment has been verified
through the receipt of profits 1t
would seem that we get confidence
after we transact profitable business
rather than vice versa.
Ordinarily the term would not be
worth special attention, but the
fact that it has come into nearly
as much prominence as the one
about recovery being Gust around
the corner" did some months ago
causes its careless use to become
rather annOVinP
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
BRITISH BANK
TRACES SLUMP
IN POUND RATE
Excess of Imports, SpeCuIa-
ton Factors, Barclays
Declares.
BIZ Times SpcctGt

BIZ Times SpCciGt
LONDON, Nov 26.-Owing to the
position occupied by sterling as the
leading international currency, its
recent weakness in terms of the
gold exchanges is a matter of world
wide Importance, Barclays Bank,
Limited, declared today in its
monthly review.
At first sight, the bank declares,
an adequate explanation of the fall
in value is not readily apparent,
especially as many of the factors
generally associated with the depre-
citation of a currency are entirely
absent in the case of the United
Kingdom. Financially, conditions in
the country compare favorably with
those in any other part of the world.
The budget has been balanced on
sound lines, internal prices are COM
paratively stable and there is no
suggestion of any infationary de-
veloprhentS affecting the currency.
Moreover, the gold reserves of the
Bank of England have been greatly
strengthened.
Numerous Factors Cited
Summing up the position" the
review says, 1T is clear that nu-
merOus factors have been reSpon-
sible for the weakness of sterling
in terms of gold In part, at least,
the recent trend of the exchanges
has been due to the increase in the
excess of imports which has been
accentuated by the customary au-
tumn demand for foreign curren-
cies and possibly by reduction in
the volume of foreign money in the
London market.
'At the same time, speculative in
f1uenceS have undoubtedly played a
part, while the depreciation of the
United States dollar, uncertainty as
to future monetary policy in Amer
lea and the rise in the visible trade
balance of that country have also
influenced the position. Certain of
these features, however, are of a
temporary nature.
In so far as the depreciation Of
other currencieS has adversely af-
fected the British trading position,
their influence should be only tran
STORY and already, in the case of the
United States, the fall in the dollar
value of sterling and the rise in
American internal prices has tend
ed to reduce any advantage which
may have arisen as a result of the
devaluation.
Risks at Minimum
I'm the meantime, through the
linking of many currencieS to the
pound since the departure of the
United Kingdom from the gold
standard in September, 1881, there
is a large part of the world in which
exchange risks have been reduced
to a minimum, with the result that
business has been greatly facili-
tated between the various countries
in the group.
Nevertheless, exchange stability
over as wide an area as possible is
an aim to be kept constantly in
view and the establishment of
an international monetary standard
is a prerequisite to a return to nor
nal conditions Of world trade I"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
Money and Exchange

INDIANAPOLIS STATEMENT
lrinEs NEUTRALITY-SUSPICIOUS.. 81 726 900 90
ifs OBSERVATION-DISCLOSURES 1 535. 900 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
Treasury Statement


WASHINGTON Nov. 26.-Cfovernment
expenses and receipts for the current fiscal
wear 70 Nov. .. compared with the cor
wear
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
Trends
Aim for City Loans
at 3 of l Per
Cent Doubtful.
BIZ VINCENT ;. LYONS
Tines Financial Editor

TIORELLO H. Ia GUARDIA.
Il mayor Of New York City. al
WAYS can be counted upon 10 give
a good performance A. the recent
United states conference o. mayors
in Chicago he exercised his pen
chan. FOR stealing the show with
his recommendation that congress
b. ked % authorize low interest
public works loans 70 principal
cities % Tho country.
The pldgv Italian Who ended
Tammany long reign in New YORK
Civ b. having himself elected
MAYOR has vented has Oratoucal
venom on bankers numerous times.
In ms Windy CITY address Mr.. Ia
Guardla declared that municipal
credit has been attacked b. some
great hnancicrs whose own credit
is not 80 good. We've got 10 fight
them TOE 20 toe
According 20 the chief executive
o. the largest city ~ the country,
congress should be asked 10 cstaD-
lsh a plan whereby cities can con-
duct public works with funds bear
ing no more than one-eighth % l
per cent interest.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

ONLY a short time ago Mr.. La
~ Guardia was involved in
skirmish with bankers IN his own
city. He had called for bids on
$4,000 600 Of bonds. The day OF
the sale arrived and. as it devel-
oped. only one bid was submitted.
The tender. however. was from
large syndicate which had as It's
members virtually all Of the larg-
est banks and investment houses
IN the city.
Then the fireworks started Aft
or going over the bid with MS aids
he announced that the syndicate S
offer for the bonds was rejected. He
accused the bankers OF "ganglng
up on the CITY. 4 few days later
the banks made a new offer for the
securities which was accepted The
rate given 70 the city was some
what better than the original offer.
but there were other CiTcum-
stances in connection with the
transaction which could not be
figured out on a mathematical
basis. that indicated the city Jared
little or no better under the sec
ond offer
Consequently, there were some
students Of the controversy who
we're OF the very definite opinion
that Mr.. la GuaTdias victory IN
weaving another bid from the
fnancicrs was a Pyrrhlc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

THE New York City mayor lat
i est proposal seems slightly
askew. II Is difficult 10 imagine
how a city can procure funds for
public works at an interest rate
Of one-eighth Of per cent. when
the United States treasury mas 10
paw higher charge than that for
money which 1t borrows for the
duration OF 1872 DAYS. For longer
term loans the government pays
from 3 10 3.25 per cent.
Therefore. in order 10 permit the
smooth functiOning of Mr. La
Guardia's plan. the government
would charge the cities one-eighth
Of 1 per cent interest on money
for which II paid as high as 3-25.
Simple mathematics tell us that
the government by this method
shows a juicy loss of 81. cents a
year on every dollar it re-loans 10
the municipalities.
The government can get money
through taxation. borrowing or
starting the printing presses. Bor-
rowing is out because the govern
ment stands TO lose 3is per cent.
II the funds are procured via tax
alton the citizens of the local gov
ernment which received a loan at
one-eiChth Of 1 per cent have TO
shoulder an increased tax load. II
the urintinr preSSeS are put in
motion, We have imitation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26
SHEEP AND LAMBS

Common ana medium .....--.- ZO0G S.oU
SHEEP AND LAMBS
Receipts. 1000
Lambs 90 lbs. down. good and
choice -...-- ..-...........ss 50d 700
Common and medium .... 450H s 81
eo-l20 lbs, good and choice. 2ood $50
Ci3o-l5M Good and choice lisa 225
medium ........ -'.--c. i2sa 200
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

INTERESTING indeed was Mr..
Il la Guardia's speech and 1t at
tracted considerable attention. A
good follow-up would be for him
TO suggest the method by which his
plan Is 20 come about. II he has
sound program which would permit
loans at one-eighth of l per cent
he should offer IL and much more
interest undoubtedly Will be shown.
No one can doubt that munich
palities throughout the country &C.
Cupv a much more important rela-
tiOnship 70 the federal government
than they formerly did. especially
so since they have been forced 70
take care OF the unemployed and
destitute. The debt burdens Of
many Of these local governments
have pointed sharply upward IN the
last few wears as a result Of ap-
preparations 10 meet these condl-
lions.
Mobility Of purpose has not vet
been generally accepted by money
lenders as calling for a lower in
tcreSt rate. Moreover. Mr.. La
Guardia offers a blanket rate Of
one-eighth Of per cent for loans
Political. financial. industrial and
social conditions are not the same
throughout the country. Ordlnar-
ily. all these factors are taken INTO
consideration by bankers before
they viii loan money TO a munich
--rrf-r
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-26

Latest Stock, Bond and
Commodity Quotations
The Daily Alaska empire., 1934-02-14

Mrs. O. B. Whitehead of Fort Worth is believed the first woman to be awarded a Texas highway contract.
The Daily Alaska empire., 1934-02-14
MILES MURPHY
 LOSES DECISION

PORTLAND, Oregon, Feb IA Paul Karch, 154 pounder, of Port land, won decision over Miles Murphy, 153 pounds, of Juneau, Alaska, in main bout of card here last night.
The Daily Alaska empire., 1934-02-14
NOTICE TO CONTRACTORS

Sealed bids, in duplicate, subject to the provisions of the specified tions will be received until 100 P. M, March 19, 1884, at the office of the Secretary of the Pioneers Home Building Commission, Frank A. Boyle, and then publicly opened, for furnishing all labor and mater ial and performing all work in the constructing of the Pioneers Home at Sitka, Alaska.
 Plans and specifications may be obtained after February IT, from Wm. A. Hesse, Room 105, Federal Building.
 Separate bids will be received for general contract, electric wiring, plumbing, heating and elevator and dumb waiter contract
 The Commission reserves the right to reject any or all bids.
 -adV.
The Daily Alaska empire., 1934-02-14
PARI-MUTUELS
 NET } MILLION
 OPENING MEET
Officials of Texas Epsom !0fFDoMnsolWeAx Pleased,
 l,with Enst Season.
Ho1sroNI lrax.a offirials

] HOUSTON, rex officials of Epson Downs, large sew horse racing plant here, were well pleas ed with the attendance and pari- 1nutuel pray at the inaugural 27- day meet. They already have an nounced they will hold another se- ries of races in March.
 This was the second large meet in Texas since wagering was legal ized after the ban of s5 years. The first at Arlington Downs, between Dallas and Fort Worth, likewise drew large crowds. -'f"'s'' .r'T Attendance at the meet here was estimated at around 7,500 a day, or total of approximately 100000. The paid attendance, how ever, was not nearly that large. ego, State Seeks Bigger Cut"
 Bets, through the par:7mutuell windows aggregated 1929, ,So1. The tracks take was ten per cent of aIFtLI e
The Daily Alaska empire., 1934-02-14
HAMAS
 WINNER OVER
 M. STORYTELLING


 PHILADELPHIA, Penn, Feb. IA. Steve Hamas, former football star of Penn State, spiked Max Schmel- ing's comeback last night by win ming a gory l2-round decision be- fore crowd 9S 16,ooO fans. There were no knockdowns. Hamas opened a cut over Schmeling's left eye near the clos ing rounds, hampering both the Germans attack and defense. The receipts at the gate are esti- mated at $65,000
 Hamas weighed 193 pounds and the former heavyweight champion weighed 189 pounds
The Daily Alaska empire., 1934-02-14
PUBLIC CARD PARTY

The Business, and Professional Women's Club will hold a public card party at the T. O. O. F. Hall on Friday evening, February 16. Contract, auction, whist and pin ochle can be played. Good prizes. Refreshments. Admission 50 cents. Play starts promptly at 8 o'clock. Public invited. adv.
The Daily Alaska empire., 1934-02-14
HENRY WOODS
 LOSES MATCH
Makes Mistake in Slugging Decision Goes toaQ
 Cecil Payne

SEATTLE, Feb. IA Henry Woods, Yakima negro, made mis- take of trying to slug with an ex- pert, Cecil Payne, of Louisville, Ky, last night and consequently lost the decision, his second in lis career. to Payne.
 Payne won the other fight re- gently with Woods.
The Daily Alaska empire., 1934-02-14

that figure, less a state tax of eight percent of the take. Under new law becoming effective this month, however, the state will get one-fourth of the tracks ten per cent cut, In addition, the tracks will have to break to the nickle on the dollar bet instead of to the dime, as they did in the meets last year, and that will reduce their intake. '" @"A
 Even with the track getting 92 per cent of the ten percent take, the profits of the meet were only around $8000o. At that rate it will take around four years for the track to pay itself out.
 Helped Westrope Set Record
 During the meet here Jackie westrope, f7-year-oid ranch boy from Baker, Mont, rode his 3o0th winner of the year. This was feat no other American jockey had been able to perform since 1908, when Vincent Powers rode 324 winners in twefve-n1onth period. westrepe ran his record to 302 before the end of the year. The iegalization of betting in this state ti11doubted- ly helped him to make this mark.
 Epson Downs officials heidi a charity program on New Yedr's Day, donating the net profits of over $30, 1000 to the Houston Com xrs,oe+ 5aR el
The Daily Alaska empire., 1934-02-14
FEBRUARY B ! l ]
Is Q Month of Bargains! @ Et J EE b#t tSl f$A%s @L~IF*&

The Cor perhaps it woman!) who invented the towel had great idea And equally great beneactor the likely woman who conceived the scheme of making towels colouy attractive they bathngly serviceabe *' f
 Along about this time of the towels also have their plan of moving from bargain thrifty closets Lnen handkerces and blankets also becon the eye and prices soothe the pokebook January glorious month for bar gains! d
 The advertisements in your newspaper important of the shopping world and they tell interesting story of quality and price-of things that ' "
 Did you pause to consider how much time and pense these advertisements you? You make your decisions your home. You figure the penny Then with the help of these daily messages of economy your newspaper you go forth adventure of buying with exactly what you intended to get.
The Daily Alaska empire., 1934-02-14

CALL GEORGE ANDERSON
 Expert piano tuning, guaranteed ervice. Phone 143. adv.
The Daily Alaska empire., 1934-02-14

adv.
The Daily Alaska empire., 1934-02-14
ATTENTION REBEKAHS

There will be a regular meeting of the Perseverance Lodge No. A REBEKAHS on Wednesday even ing, February IA, starting at 8 o'clock at Odd Fellows Hall. Visit ing members welcome.
 EDITH F. 5ffEELOR, adv Secretary.