davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1934-03-17
Today and Tomorrow
American Legislative Bodies Are Not Content to Grant
Funds to the Executive
BY WALTER LIPPMANN-

action OF the House of Representatives cash the
veterans illustrates problem
future of the modern state The problem understood by
through centuries OF political evolution England
McIwain Of speaks
these matters has shown that the
lies the principle that supply hand
hand In the later middle theory
his sphere
subjects relationship n say
The Indianapolis times., 1934-03-17

Second semester junior college
and commercial courses of the fed
eral emergency education program
will open at the Y. NJ. c. A. Monday
for any person over sixteen. Enroll
mentS may be made at the Y. from
8 until 5.
The Indianapolis times., 1934-03-17
indianapolis Cash Grain
March II

The bids for car lots or grain at the call
Of the indianapolis Board Of Trade. f o. b.
shipping point. basis Al Y New York rate
80 &c; No. red S1t2G 821ac: No. 2 hard.
81 z a 82!ac. Corn-Strong; No white, a.
a 45c. No 4 white 43m44c: No yellow
43G &c; No q yellow. 420 43c: No. mixed
d20 43c; No. mixed. 41642c Oats 49,
Strong; No. 2 white. 3112G 3212c; No. 3
white 3O12 N 81 i5c
The Indianapolis times., 1934-03-17
BY ELMER c. WALLER
United Press Financial Editor

NEW YORK, March 17-Worry
over labor difficulties anticipated
early next week, and over outcome
of Stock Exchange regulation dis
cussions led many to unload stocks
in today's short session. Prices de-
clined sharply near the close with
losses extending to 3 points.
The opening was tame. There
was little change in the early deal
ings. Traders were interested in
news that Ferdinand Pecora, senate
investigation counsel, was visitor
on the floor of the exchange.
Word from Youngstown showed
steel operations had fallen points
to 81 per cent Of capacity. Other
sections we're expected to report
corresponding declines.
All Groups Decline
Silver legislation booked for Mon
day was an uncertainty. Traders
holding the silver shares unloaded
and United States Smelling broke
3 points, to 118A. Others declined
correspondingly.
All other sections of the list de-
clined. Railroad shares were off
fractions to more than a point;
utilities fractionally; steels point
or more; farm equipments l to
points, and tobaccos a point or
more.
Losses of more than a point were
made by U. S. Steel, Youngstown
Sheet and Tube and Republic Steel.
American Can dropped more than 2
points; ]. I. Case more than
points; Dupont nearly 2 points, and
Chrysler more than points. Losses
of point or more we're made by
Southern Railway, New York Cen
tral, American Tobacco, Allied
Chemical, American Telephone and
Montgomery Ward.
Wheat futures sold off a point or
so from early highs and other grains
sagged after early firmness. Cotton
futures were depressed to around
the previous close after arise. Silver
lost part of initial gains Bonds
were irregularly higher. The dol
lar continued steady.
Volume Shows Gain
Prices rallied shade from the
lows before the close on a small
amount of short covering, but a
majority closed under yesterdays
last levels. Wright Aero, an eX-
ception. made fair gain. Home
stake Mining reached a new high rec
crd in the early dealings at 385,
up 10 points. 1t later lost half
the gain.
Stock sales today were approx
imately 10000 shares, against
571,O0 shares last Saturday Curb
sales were 10000 shares, against
$4,000 shares last Saturday.
Dow-JoneS preliminary averages
showed industrial 101.65, off LOT
points; railroad 48.40, off 81 point,
and utility 1858, off "a point.
The Indianapolis times., 1934-03-17
Wall Street
Big and Little Giants in Wall Street Battle Over Trac
ton Property Proceeds.
By RALPH HENDERSHOT-
Times Special Financial Writer

suppose from reading the OF developments
Washington elsewhere Public
d the rest Of the country such is not entirely the
stated Street
bill
lin M itself
one such struggle going present
ALT a
powerful below
The Indianapolis times., 1934-03-17
CHICAGO CASH GRAIN

CHICAGO March 17.-Wheat - No ?
yellow, ACC; No. 8 yellow. acc No. I vel
52l2c regular rum. No. mixed. 49l%c::
No. mixed, ACC. No. 2 yellow. 49i, a soc
No 2 white, SIC: old corn. No mixed.
white. 5294c. Oats-No. 2 white 34i4c RIVE
No sales. Barley-Sales. Tia 76c limo
thy-S7 25d $50. Glover Seed-S11d1425.
Cash provisions-Lard 635: loose. s6 IS:
leaf. $3.50: S. bellies s8l2
The Indianapolis times., 1934-03-17
Other Livestock
By United Press

CHICAGO, March -Hogs-Receipts,
II 900, including 1850 directs; nominally
435; shippers took none; holdovers, 1000.
Cattle-Receipts. 200; compared with Fri
day last week strictly choice fed steers
lower grades uneven mostly steady after
sharp nacp advance early; no strictly choice
row row price spread be weon choice long
yearlings and 1901 .500-pound bullocks
feature Of oo market extreme toP sggearhln1gs
grade heifers,. is to 25 cents off; lower
grades and all cows about steady; bulls
25 cents higher; vealerso strong to 81
welghty steers, s5G6,25. sheep---Receipts,
I 900; for week ended Friday Al doubles
from feeding stations 1000 directs; com
lamb top at So 90; late bulk good to choice,
around $S25G 9.85; Clipped lambs at $3.50
aged native ewes. s5d55o: feed lambs
scarce, few light weight SS,25.
PITTSBURGH. March 17-Hogs Re-
-i1i to 15c lower; ioc decline on i7o-22O lbs,
at mostly s5.1O;., sows, 15c off,. other
weights n9mEinaIly g steady % lbs yp
lighter weights s2.5O@3; sows, largely
1915. Cattle-Receipts; 30; nominal Calves
Receipts, so; Unchanged; good and
Sheep-Receipts. 15o about steady good
and choice sorted woolskin lambs, $975;
common to medium; quotable $6@9;
eligible UP to S5.
LAFAYETTE y TT March ool 53s H9gs-Ma5ket 5ke
44o; I7o-225 lbs, s4s0a4s5: 16o-1so lbs.
$4G420; 140-16O lbs, $3.4om3.65; 125-14O
lbs, $2.90a3- 1l5-125 lbs. .s23;25@2
top calves, Sc; top lambs. $3.50.
Fl WAY WAYNE 5So59o Msrfh lh3 al
s455; 10000 lbs. $3.50: 300-350 lbs. 81;
150-16o lbs, 50 SO; I4O-15o lbs. 1925; 13o-
ao 6s SS I321ao lbs $780, Go2C q p
lambs ssQ925.
EAST ST. LOUIS. Ill, March 17.-Hogs
also higher than yesterdays average; pigs
and light Lights scarce qY0a6le BE steady
G44O; 1OO-i40 lbs, s25oG 3'25; sows, $40
1855 compared with week ago, mostly
steady Cattle-Receipts. 750: calves, 200;
M1s T and hefrs %ffS gSs5c sHE Sg6er Ss beef
cows, 15d25c higher; cutters and low
cutters steady; bulls 1oc higher; vealers,
higher; tops for the. week: 1,o55-lb. year
Iz55-ib Steers; Sc; 10; 82o-lb mixed year
ng5 s s5SG 5a ss s25 vesffE asfEs s5 sSG SOCK
steers, S. Buiks for the week: Steers,
s4.60G 6; mixed yearlings and heifers.
s4.5O@5.5o; cows. sS@3.75;, low cutters.
S125Q1.75: stocker and feeder steers, SO. rs
G435. Sheep-Receipts TOO; market with
week ago: Fat lambs strong to 25c higher;
top lambs for the week, 81: packer top,
so 61lE. sSs5as: Common h fhrowouts down ai to
ewes. s45o65 SIS.
The Indianapolis times., 1934-03-17
Tax Ruling Expected Tomorrow

expected goes in their
favor they there will
proceedings far Manhattan
Manhattan not be delivered
pensaion they hold
The city handicapped because
with whom deal
might
difficult
the might proceedings the properties
by fnrce
The Indianapolis times., 1934-03-17

the popular branch that in the house OF representatives For
belief founded
the fundamental
constitutional liberty for long fout the
obtain from them the funds necessary existence.
The Indianapolis times., 1934-03-17
Amster Calls for Help.


the Ineborough
so is
Of friendly and equally friendly bondhoders and
committees Interboough
refuse the Manhattan properties provide the
vehicle
opposition
But the boys fighting They
bombaded their bigger
the attention OF the and Climax
sunenta
They drew the fight out into the to such extent that
The Indianapolis times., 1934-03-17
BIZ Times Speciql

LOUISVILLE March 17.-Cattle-Re-
ceipts. rs; market. nominal; compared
week ago market generally steady on all
classes; weeks bulk common to medium:
steers and heifers, s4G5; medium to good
neef type yearlings,. eligible to So; bulk
beef cows. s2.50G325; practical top $3.50
with good heifer types higher: bulk low
cutters and cutters. sl25d2.25; sausage
bulls mostly 1915 down; desirable light
stockers. s475d525: common to medium.
native stockers and feeders. s2.75GS75.
Calves-Receipts,- $50; market, steady, bulk
better vealers, s5d6; strictly choice kinds
eligible. $3.50; medium and lower grades,
$3.50 down; market strong to soc higher
than last Saturday; advance on better
grades. Hogs-Receipts. 200; market,
steady; l7o-2!o lbs, s465@4 70; 245;27o
les lbs, So 65d3.70 i2o-i4o lbs, s730M
235; sows. s2.70Q2.75, market, 7od25c
lower than last Saturday. Sheep-Re-
ceipts 25 market. nominal. closing steady
with last Saturday; weeks bulk medium to
good lambs. sT50d6.50: few lots choice
offers. SO and better: bulk light throwouts
lambs. $3.50; fat ewes mostly S2.50d3.
The Indianapolis times., 1934-03-17

The royal mint of Great Britain
makes coins for the whole of Europe.
with the exception of Germany and
France.
The Indianapolis times., 1934-03-17
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quota
tions from leading Indianapolis coal deal
ers. cash discount of 25 cents per ton
is allowed.
The Indianapolis times., 1934-03-17
INDIANAPOLIS WAGON WHEAT
Injury From Fail Is Fatal

City grain elevators are paying 30 cents
for No. soft red wheat. Otner grades
on their merits.
The Indianapolis times., 1934-03-17

Street. All taxing Place behlnd the Smoke screen
laid down by the City of New York in it's efforts to
the local transit properties and unite them
with its new Independent system.
It seems that the Interoorough Rapid Transit Com
pany only interested IN turning its proper
ties 20 the city at high a price possible, but
it IS eager also to keep IS much of the money
ceived it can. There is nothing strange in such
attitude. of course, but lease it made many years
ago with the Manhattan Elevated appears to be
standing IN It's way. If it could get rid of tie lease
it could acquire the properties at the right price
and turn them over with Its own in one block the
amount left over after providing for outstanding
bonds. etc. might be quite szeable.
Amster Calls for Help.
The Indianapolis times., 1934-03-17
Foreign Exchange
tRs Abbott, Hoppin & CO..
March II
u. S. Government Bonds

BIZ United Press
NEW YORK March 17.-C1cscing Liber-
ties lDecimals represent thirty-secondsl
The Indianapolis times., 1934-03-17
TREASURY STATEMENT

bW Q LUIIfU FTtSS
WASHINGTON, March 17.-Government
and receipts OF the current fiscal year
to March IS. compared with the CORE
spending period of the previous fiscal year
This year. Last year
Expenses S4545 977. sos. 90 S3577, ,879 ISL .38
Receipts. s2O65 .930, ,571.38 Sl.321, ,992, 1881
Deficit. s2480, o47 037.91 S2,255, ,887, 566.O7
Cash
The Indianapolis times., 1934-03-17
Federal Farm Loan Bonds
lRy Abbott. Hoppln 4 CO..
tBy Abtott. Hoppin e. Coz
NForrf,

by Blvth & Co. Inc.
MarrH ~
The Indianapolis times., 1934-03-17

(By Abbott, Hoppin & CO..
March II
, 1934-12-20
Florida's New
Citrus Pact Is
Now In Effect

HARLINGEN, Dec. 20.-The new
marketing agreement and license
for the citrus fruit industry in
Florida recently signed by Secretary
of Agriculture Henry A. Wallace
went into effect Tuesday, according
TO information received here.
The agreement is intended to
improve returns to the growers and
to correct the present demoralized
condition Of the citrus markets.
Returns to growers Of citrus fruit
in Florida are now below the IN
favorable prices Of last year. and
only slightly above the cost Of har-
vesting and marketing the fruit.
The agreement makes 1t possible
for the industry TO regulate the
unusually large supplies OF citrus
fruits available Tor market through
limitation and proration OF ship
ments.
The agreement provides FOR pro-
ration OF shipments on the basis OF
certificates allotted TO growers, and
for limitation Of shipments through
regulations governing the grade and
size OF fruit that may be shipped.
The allotment 10 shippers will be
based on the fruit controlled BY
them. as represented by grower
certificates in their possession. or
on their past performance record,
whichever Is higher.
Further provision Is made for
regulation OF shipments 10 auction
markets which recognizes each
shippers performance in the auc-
ton markets included In such regu-
lation.
, 1934-12-20

ROCKET TRIP
PLANS MADE

ROSWELL. N. NJ, Dec. 20. Rt-
DR.. r. II. Goddard. head Of the de-
partment Of physics at Clark Uni
sersity. worchester, Mass, Is making
preparations at an isolated spot Is
miles from here to prove that rockets
can be made to penetrate further
into the secrets of the StratoSphere
than balloons carrying observers or
small Instruments or both.
Convinced that the answer to the
stratoSphere rests with successful
penetration of the earth's outer air
shell with rockets, he has q staff OF
assistants working toward completion
Of experiments started here In 1882.
Dr.. Goddard has established a lab
oratory in a farm building adjoin-
ing his residence On o six-acre tract
Of land between two cotton farms
four miles from the city limits. The
actual firing Of the rockets, how
ever. will take place IS miles from
here. in q shallow valley where the
rockets viii be trucked and placed
In a 60-foot steel tower especially
constructed for the firing.
The rocket is more than IL feet
long and approximately two feet In
diameter at its widest point.
The development Of the rocket,
Goddard explains, can be compared
to q new-type airplane motor.
There Is q long period Of testing
before any practical results are GER
tain. We will probably spend several
months in the laboratory before
any test viii be made" he said.
, 1934-12-20
Movie Sideights
CAPITOL

CAPIIOL
The Fox production, "Peck'S Bad
Boy" starring Jackie Cooper shows
Thursday and Friday at your
Capitol, Brownsville.
There Is an abundance Of stellar
talent in the new film-at least
three stars, and some will agree
with the writer that there are six.
Jackie Cooper and Jackie Scarf APP
pear respectively as Bill Peck and
Horace Clay, offering performances
which are splendidly matched and
balanced. Then there is Thomas
Meighan, whose return to the screen
must be a cause of rejoicing TO all
those who admire his healthy hu-
NOR and his matured and certain
touch.
Also, there Is o. p. Heggie as the
towns handy-man, philosopher.
tramp and humorist-a fat" role.
The other two stars are inevitable
In a boys story. They are dogs. Bill
has one and Horace has the other
and tlry get along just rs badly as
do their young masters. Each dog
is the dune symbol Of his owner.
Much humor is developed in this
dual antagonism. for Bill has rea-
son to deteSt his mealy-mouthed,
hypocritical cousin Just as Elmer"
has to hate Wee Toy" Horace's
pedigreed Pekinese.
, 1934-12-20

nevertheless expressed determine
ton to scan the tax documents OF
all men connected with the war
industries board. which mobilized
resources under the direction OF
Baruch.
Chairman Nye R-Tnd) served q
written request on the internal re-
venue bureau TO destroy no more
tax papers; he told his agents 70
find out why the returns we're
destroyed and who In the bureau
was responsible. Officials said II
was legal to burn old returns. They
offered no immediate explanations
Of why Baruch's 1917 return was
saved while those for 1888 are
missing.
Baruch. recently named by Pres
ident Roosevelt to head a group
studying way to make war profit
less. Wednesday night offered to
supply the committee with copies
OF the returns from his own files.
Ina statement In New York. he
, 1934-12-20
Rockefellers To
Get Valley Fruit

Especial 70 b Heraldl
McALLEN. Dec. 20.-Lower Rio
Grande Valley pink grapefruit will
grace the Christmas tables OF the
famous Rockefeller family in New
York. II vas learned here Wednes-
day.
An order was received by a local
shipper. who withheld his name.
from the National City bank OF
New York directing shipment OF a
half dozen burrNs Of choice pinks
70 John D. Rockefeller. Jr. All other
members OF the Rockefeller family
will receive a package OF the pink
fruit.
Among others Of the nations we'll
known personages who will receive
Valley fruit this year are Jack
Benny. radio star; Cornelius CConny
Mack MEG illicuddy. Philadelphia
baseball magnate: John B. Ken
nedy. New York news commentator,
Harry Richman, New York night
club and radio singer; and Kurt
Peterson, NBC announcer In New
York.
, 1934-12-20
I'D! Will Examine
Industry Program
For Recovery Dnue

ed States and the Manufacturers
association. to further its principles.
There also was wide discussion
Of the principles, which included:
!. NRA should be continued on
an emergency basis for a year, with
The continuance Of new codes con-
ditioned on voluntary action BY the
industries. Every code should con-
tain hours and wages provisions, ban
child labor and safeguard both
labor and employer by giving to
labor the right TO deal with employ
ers either individually or collective
~ directly o through representa-
tives Of their free choice without
intimidation or coercion Of either
party from any source"
2. The government should give
evidence Of determined effort TO
balance the budget" at "the earli-
est possible date" primarily by lin
iting spending rather than through
new taxes.
3. Definite action should be tax
en- "aS soon as possible" TO fix the
value and gold content Of the dol
lar.
4. There should be no govern
ment competition with industry in
work relief because government
competition dries up the source of
its support.
S. The creation Of public works
TO provide relief invites waste and
definitely defers a balanced bud
get"
8. Arbitrary determination and
limitation OF hours and wages as
proposed in such measures as 80
hour bills" are harmful. The gov
eminent should not try TO control
local relationships between en-
ployees and employers"
z. The control OF credit should
be independent "of governmental
domination and political influence"
8. The securities act should be
modified.
8. Arbitrary curbs on agricultural
products should be guarded against
and prevented"
Governor-elect Alfred OF Texas,
in commenting on the relief sug-
geStion said Il don't think the state
government would be ablC to handle
relief as efficiently as the govern
ment at this time. II would be fine
If thew could"
, 1934-12-20
new CORN-HOC
DATARECEIVE

SAN ENITO. Dec. 20.-Provisions
Of the 1885 adjustment program for
corn and hogs have been received
here by Henry Alsmeyer. county
agent. The 1885 program was put
into effect following a referendum
among corn-hog farmers.
Corn provisions Of the new pro-
gram are: The maximum acreage
that may be planted under 1885
contract is 90 per cent Of the aver
age for the two years 1892 and 1898
the same bate as used in 1894. In
dividual signers may. IL they wish,
hold out OF production anywhere
from 10 to 80 per cent Of the two
year base average and receive corn
benefits In proportion.
Fer complying with the corn con-
troll provisions Of the new CONTRACT
the individual Signer win derive the
following benefits: Cd a corn ad-
justment payment: 90 unrestricted
use Of the land shifted from corn
production and go eligibility to par
ticipate in any government corn
loan program that may be avail
able in the fall Of 1885.
The corn adjustment payment
will be made at the rate Of IS cents
a bushel Of yield estimated for the
number of a@es ~ which the corn
land area is kept below the 1928
average. This yield for baSing pay
ments will be the average yield de-
termined by the community COM
mittee for all crop land in the farm
which has been in corn at least
once during the last five years. The
change in yield basis removes the
necessity for setting aside q def
mite tract Of land on the farm
as contracted acres as this desig-
nation has been dropped from the
1885 contract.
In 1885, the withheld acres may
be located on any part Of the farm.
The corn payment will be made in
two instailments; the first amount
ing TO Is cents a bushel on the es-
timated yield from a number OF
acres that are TO be shifted from
corn. to be paid as soon as the con-
tract Is accepted by the Secretary
OF Agriculture. The second INSTALL
ment, consisting OF the remaining 20
cents per bushel. less the producers
pro rata share OF local administra-
tive expenses, will be made on or
about January /. 1886.
The hog provisions are: The indi-
vidual contract signer is to limit
the number Of hogs produced for
market from 1885 filters to 80 per
cent OF the adjusted average num-
Der produced from 1892 and 1888
litters. For complying with the new
contract, the participating producer
will receive a hog adjustment pay
ment OF SIS a head on the number
OF hogs represented by the 10 per
cent adjustment. One-half of this
payment. that is. $3.50 a head, will
be made upon acceptance Of the
contract by the Secretary.
The final payment. less the con-
tract Signer' spro rata Mare Of the
local administrative expenses, will
be made on or about January /,
1886.
II producers participating in the
1885 program is about the same as
IN 1884. the total adjustment pay
mentS are expected 10 run iloIt l5O
to los million dollars which Is to be
raised by means Of processing taxes
at approximately the current rate OF
$3.50 a hundredweight on hogs and
i've cents a bushel on corn.
, 1934-12-20
Bureau
Chief Visits
Valley Section
Especial to The Herald)

~E&N ~ AN AAAAaAA
HARLINGEN, Dec. 2O-How holes
were Knocked in box cars to provide
ventilation for a bumper Valley
onion crop during wartime was re-
called this week by Wells A. Sher-
man, now H. charge OF the fruit and
vegetable division of the bureau OF
agricultural economics, USDA.
Mr.. Sherman was in charge of
allocating airs u the various ship
ping points. The railroads would
notify him how many cars would
be available for the day and he
would divide the supply among the
various loading places. There was
q decided shortage Of ventilated
cars for shipping onions SO ventila-
ton was provided for in the cars
that were available.
Sherman Is known as the father
Of the market news service and w.
d. Googe, in charge Of the service
for the Valley with headquarters at
Brownsville, was among those Wis
tied.
Several days we're spent in the
Valley by Mr.. Sherman who visited
Hart It. Longino. supervisor OF the
State-federal shipping point in
Spection service among others. The
visitor declared that the depression
had been a boon TO the inspection
service because Of the more capable
men available. Instead Of taking
young college boys who usually
sought the positions as a temporary
thing. the service can now choose
more capable men. II Is not at all
uncommon for inspectors TO travel
from one deal 10 another. obtaining
year around employment instead
of working in only one place for a
season and being idle remainder Of
the year.
With Mr.. Sherman was c. Z. Nc
Cormick. director OF state markets
ard warehouses. who succeeded w.
A. Canon in this position.
They visited the Winter Garden
before coming tc the Valley.
, 1934-12-20
Deadline on Crop
Loans Draw Near
Especial 70 The Heraldl

A1R1NAaA 70 Inc EETh4Ql
HARLINGEN. Dec. 20-Only a
lew more days remain on which ap-
plication may be made for crop pro-
duction loans. the deadline having
been set for Saturday night, accord
ing TO E. c. Torbett, field repreSen-
tative.
The regional office at Dallas viii
net be permitted TO write checks
after December 81 and in order Il
get all applications there in plenty
Of time they should be in the hands
OF the county committee by Satur-
day night. Torbett said.
Citrus and 1885 cotton loans can
not be obtainad from the special
appropriation from which loans are
now being made.