davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-02-09
STANDLEY is GUEST
Admiral Addresses Luncheon of
World War Military Order,

Admiral William H Standley, chief
of naval operations, was the honor
guest and speaker at the monthly
luncheon meeting of the District of
Columbia Chapter of the Military Or
der of the World War yesterday.
The chapter went on record as in
dorsing the Vinson bill, which Admiral
Standley had pointed out in his talk,
provides for nothing more than re-
placement OF averaged ships, mostly
destroyers and submarines and also
co-ordinating program for provid-
ing ships. aircraft and personnel.
A resolution was adopted also urg-
ing the Federal Government to give
holders of the Congressional Medal
of Honor and the Distinguished Serv-
ice Gross preference in employment.
Brig. Gen. William E. Horton, re-
tired, chapter commander, presided.
Evening star., 1934-02-09

narrowly escaped crashing into the
stern Of the Los Angeles near WASH
ington in the mist Of thick day.
The narrowest escape, however. oc-
CURED about two years ago when
Richard c. du Pont, practicing blind
flying, looked up out Of his cockpit In
time to see the Los Angeles dead
ahead, so close that he could see the
faces of startled officers staring at
him from the control bridge, as they
waved their arms and yelled to at
tract his attention.
Evening star., 1934-02-09
PARENTS CONVICTED
Claiming of Child to Cot Related
in Arkansas Court.

BENTONVILLE, Ark. February 9
(P)-Before a packed court room, Mr..
and Mrs. Roy Logston yesterday were
convicted of child neglect after l3-
year-old Lola Logston had related a
story of how she had been chained
TO cot and sometimes forced to go
hungry and thirsty.
Justice F. E. Floyd assessed fines of
$50 each against Logston and his
wife after a brief hearing in which
che court denied Logston's plea for a
change of venue on the ground pub
aic sentiment was aroused against him
over reports that he kept his daugh-
ter chained to bed at intervals for
three years.
Evening star., 1934-02-09
AIRSHIP WARNINGS
PLAN FOR SAFETY
Navy Craft Barely Escape
Crashes With CONNER
cial Planes.

AS a result Of several near escapes
from collision between airplanes and
Navy airships at night, the Commerce
Department in future will warn all
aircraft in flight when the U. s. S.
Macon is flying in the vicinity Of
Federal airways, 1t was announced
Evening star., 1934-02-09
School Principal Gets Award.

PHILADELPHIA, February 8 [P).-
DR.. Lucy L. w. Wilson, principal Of
the South Philadelphia High School
for Girls, last night was presented
with the Philadelphia award. The
award. founded in 1921 by the late
Edward w. Box, includes $4,000 and
an illuminated scroll.
Evening star., 1934-02-09
1000 REVENUE AGENTS
TO HUNT TAX EVADERS
Special Unit to Be Organized
When Appropriation Il
Through Congress.

By the Associated Press.
Creation Of a special whisky intelli-
gence force Of more than 1000 "reve-
nuers" Is planned by the Treasury to
squeeze every dollar out Of repeal
taxation.
The old-time moonshiner Of the
mountain country. the modern Illicit
plant OF prohibitions big business
bootlegging and all others seeking to
Evening star., 1934-02-09
Woman, 1O4, on Pension.

WOmdH, IOf, UH 1cHSIoH'
Mrs. Elizabeth Campbell. aged 104
and her daughter. aged II, live to-
gether In Aghavey, Irish Free State
and have drawn old-age pensions for
years.
Evening star., 1934-02-09

These tablet, give YOU the sane
benefit Is the liquid milk Of nagnes,a-
Easy 70 carry and to take at any
TINA
Evening star., 1934-02-09

A rem arkably low price on Palm
olive Tale Just for Friday and
Saturday. Fine for after-shaving.
Evening star., 1934-02-09

Avoid losing your
p h 4 og rap h > by
mounting them in
one OF these albums
Specially priced.
Evening star., 1934-02-09

A real value for the
hcusewifei Gusran-
teed. Non burn han
die. tip-up attach
nent and full length
cord.
Evening star., 1934-02-09

Mothers will want to
buy several bottles q
this popular baby rem
edy while IL fs specially
priced for Friday and
Saturday.
Evening star., 1934-02-09

Beautifies. heals and re-
freshes the skin. keeping
the hands soft and lovely.
Evening star., 1934-02-09

Men! Don't miss
this special price on
this popular. nation
ally known smoking
tobacco.
Evening star., 1934-02-09

Each tablet con-
tains 5 grams OF
genuine USP A.
pirin. II lev e.
minor achss and
nains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

elopm ents in
Trade and Industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
FINANCIAL DATA
A. ~ LIZ On M

During the twelve months ended
June 30, capital stock outstanding
was reduced from 315.701 to 233 POS
shares. SURPRISES declined about
100000. Cash was little more
than 100000 less, while inventories
gained 100000; net working cap
ital, however, declined s1,700,000 On
June 80 last the current ratio was
% to l and the book value of the
common stock was S8409. an in
crease Of s15.14.
The American Agricultural Chem
ical Company's fiscal year ends June
80. For the fiscal years 1930-1933,
inclusive. the company was in
the red each year This year, how
ever, s4.19 was earned on the cap
ital stock
For several years past no diW-
dend has been paid on the stock.
A recent quarterly dividend payment
Of so cents placed the stock on a
81 annual basis.
The American Agricultural Chem
ical Company was incorporated in
1913 in Delaware. The stock is
listed on the New York and Boston
Stock Exchanges. At a current price
Of around 80 it yields about 81 per
cent.
(Au rights reserved Winchester Institute
OF Finance. winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

Russia would like to buy
hundreds of millions of dol
lars worth of transportation
equipment, electrical goods,
machinery of nearly all varie-
ties, ferrous and nonferrous
metals, cotton and other
strictly American products.
David Ostrinsky, American econ
omist and student of Russia, esti-
mated that Russian market fol
SIS 900 100000 worth of American
goods is available in the next dec
ade or so.
Billion Dollar Order Waits
Maxim Litvinoff, Soviet foreign
foreign connmissar, has said his gov
eminent is ready to place orders fol
manufactured goods and raw ma
terials totaling $1,O00,000,O00, pro-
vided it received adequate credit
facilities. He saw no reason why the
United States should not get so OF
10 per cent Of this business.
The key to this business is credit
The total of world trade is down to
a third of it's normal value, and
Soviet exports are hit with the rest
Therefore, Russia at present must
content herself with comparatively
few purchases abroad unless she can
obtain credits.
No enterprise into which the
United States is now throwing vast
sums to prime the pump" of bust
ness surpasses the Soviet Union as
credit risk. Regardless of whether
times get better, it is estimated that
her gold output alone will reach
100000 annually during the
next five years.
That the Soviets can pay for what
they buy is not questioned. That
they will not voluntarily default-as
Britain, France, Italy, Germany and
other European debtors have done
also seems a fairly safe bet.
Needs Credit Facilities
Russia today is about where the
United States was, economically, II
the 1850's. Occupying one-SiXth o.
the globes land surface, she is JUS
starting to build one of the earth.
greatest economic empires. To sue
coed, she must continue to have re-
course to credit facilities abroad fol
at least another generation.
There are only about $4,000 mile
of railways in Russia. In the United
States there are 100000 miles. Sht
has 170,000,000 inhabitants. We have
only 100000 Thus she has ;
bare seventh as much railroad pei
capita and only a twelfth as mucl
per square mile of territory. AS the
Soviets have almost no improved
highways, the comparison becomes
all the more startling.
These are only a few samples Of
RuSSia's requirements. But she viii
buy from us only in proportion tt
the credits extended. She is not ir
position to pay cash and will &C.
cept credit only on terms which she
is convinced she can meet. She
seems fully to realize that default
would be disastrous.
An American railway adviser in
Moscow told the writer that if the
United States misses the train now,
it will be left behind for good. The
opportunity will not knock at oul
door a second time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
SWEDEN SOLVES
MONEY WORRIES
Purchasing Power Is Made
More Reliable by
Foreign Nation.
By Times Special

~ 4 tHtto hHtttut
CHICAGO, Oct. 6.-The best an
swer to those who say that money
can't be managed by men in order
to keep the dollars buying power
constant is Sweden, DR.. Irving
Fisher declared today.
Sweden has shown the way to-
ward making the purchasing power
of money more reliable" DR.. Fisher
said. Sweden also has practically
abolished initiation and deflation.
THE country has so regulated
the flow Of her circulating medium
including checking deposits, as to
keep her domestic commodity price
level as constant as possible from
September, 1881, to date"
A nation wide press release re-
Gently showed that Sweden is fur
ther on the road to recovery than
any other country in Europe. In
my opinion, DR.. Fisher asserted
Sweden would be still further on
the road, if, before stabilizing her
price level, she had raised it by
monetary relation sufficient to cure
the damage recently done to Swe-
dish debtors by the recent def1ation
IF, as proposed in the Colds
borough bill, the power to correct
any changes in the value of the
gold-bar dollar to keep it in line
with the desired price level is vest
ed in the monetary authority Of
the United States and made per-
manent, America would then be
fully equipped to achieve as fine an
adjustment of the price level as
Sweden has already achieved" DR..
Fisher said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
FORECLOSURES DROP
REPORTED IN CHICAGO
September Sales Smallest
Since January, 1873.
By Times Special


CHICAGO. Oct. 6.-Real estate
foreclosures in Cook county in Sep
TENDER represented the smallest
total since the compilations were
begun in January, 1880, according
to the Builders Commercial Agency.
Forced sales last month, it was
reported, amounted to 963 and in
volved property values of 1895, 287,
compared with 1852 and 1,79O, ATS
in the preceding month and Isl
and $40, 993,695 in September a year
ago.
For the first nine months of the
year foreclosures aggregated 1856
and involved $130,981,071 of prop
erty values, contrasted with 1885
and $293, 429,377 in the correspond
ing period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
LARGE SILVER
PURCHASE MAY
Be UNDERTAKEN
Treasury Chief Considers
Buying Foreign Metal
on Huge Scale.
BY RICHARD L. GRIDLEY
United Press stan Correspondent
lCOpYright. 1874. hv unlfnn prnssl

WASHINGTON, Oct. 6.-Foreipn
silver purchases of at least
100000 900 ounces a year NAV be
conducted by the United States gov
eminent in working ont its mon
etary policy, the United Press
learned today.
Purchase of enough silver to bring
silver monetary stocks to a third
the size of the gold stock was or
dered by the last congress, which.
at the present time, would call for
l,2l4,000,000 ounces additional to
present silver stocks.
The rate and manner Of pur-
chase of this silver was left to the
discretion of Secretary of Treas
ury Henry Morgenthau Jr.. who
has worked out purchase system
creating the least possible disrup-
ton in world financial markets.
System Is Explained
Under this plan, it was disclosed
today, the United States govern
ment will spend a dollar for foreign
purchases of silver for every dollar
that is owed the United States in
settlement Of current foreign ex-
change and international credits.
In simple terms, the system would
work as follows: If the United
States sold goods to China worth
S6OO0,0OO and purchased from
China goods worth only $4,000 900.
the United States then would buv
S4O00,000 worth of silver in China.
The net result would be an exchange
of Chinese silver for American goods
with no cash theoretically changing
hands. In this manner purchases
and sales Of foreign exchange are
avoided.
There are many other complica-
lions, however, such as tourist ex-
penditures, sales of American Sc
curities in China, or vice versa. and
withdrawal OF balances from one
country to another.
Secret Fund Used
$500 Va VIZ SOfCl4llllEllb 1OIPlRn
silver purchases are being made
through its secret $4,000 900 900
Sterilization fund in order that for
eign spectators can not take adj
vantage of American operations.
Present United States government
purchases of foreign silver are run
ming around the 100000 ounce a
month level, or at the rate of $780,
100000 ounces annually. AT this rate
the entire silver buying program
would be completed in about two'
years.
So far as could be learned today,
China is the only foreign country to
protest the American silver policy on
the theory it is creating a depres-
sion in China by raising the price
of silver and causing a correspond
ing decline in prices of goods which
are expressed in that country in
terms of silver.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
GRAIN FUTURES
END WEEK AT
LOWER LEVELS
Traders on Chicago Market
Move Cautiously as
News Varies.
BY HARTMAN w. NICHOLS

fItSS CtdH Correspondent
CHICAGO, Oct. 6.-Grain futures
moved erraticaly within moderate
limits on the Chicago Board of
Trade today when conflicting in
fluences came to the attention Of
the trade.
Wheat finished y to % cent
lower, December 97A cents; corn
was off Is to rs cents, December
741s cents; oats was Is cent lower
to 4 cent higher, December 4834
cents.
Bullish and bearish news items
bumped and promted traders on
both sides of the market to proceed
with eXtre caution. Wheat got off
to a good start when wires carried
reports of strength in foreign mar
kets. Evening upu of positions for
the weekend, however, and the fact
that Winnipeg will be closed Mon
DAY, encouraged operators to hold
back.
Liverpool wheat closed equal to
q to rs cents per bushel higher
in American funds, with a better
demand for Argentine and Canadian
cash wheat indicated Some fear
of frost damage was expressed IN
cables from Argentina.
Weather conditions over the wheat
belt generally were favorable for
field work and seeding was said to
be making stady progress. Favor
able weather also was reported for
conditioning the new crop.
The same arratic action promi-
nent in the ig pbit were noted in
corn, oats and rye, with prices not
getting very far from the previous
finish. There was moderate buy
ing in provisions by cash interests,
but the market was dull in symapthy
with grains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
On Commission ROW

Quotations below are average wholesale
prices being offered to buyers BY local
commission dealers
FRUITS-Crannerries. Cape Coo early
C Con At basket, lse. PCT basket ct
Crabapples. Michigan hyslops bushel. 50.
Persimmons Indiana IL pts. GOO. Plums
Italian prunes, 16-lb. box s110 Pears.
Michigan Bartletts bushels. s3.5 Avacados
box, Sl.50. Ounces bushel. $275. Water
melons. Csc each. Bananas. pound. sac.
ish 5o-lP; bag, 75c; req, bushei; sI.25
bag. 81 40; Michigan, yellow. 81: Indiana
lob. bag zoe; white boilers. 1o-lb. bag,
35c; western white. 50-lb bag. 81 IS; home
grown. picking. lo-lb nag. 75c; Potatoes,
Wisconsin, round white. l0O;lb bag, $50:
loo-lb bag. s2.l0 Sweet potatoes Eastern
yellow Jerseys. bushel. $40: Indiana
Nancy Halls bushel. SIPS Beans. home
grown stringless bushel. 81: Kentucky
Wonders bushel. s5c: Limas large. pound.
zoe. Beets. dozen. Soc. Carrots Ohios.
basket !sc: bgshsl, Sis cauliaQxsT
dozen. 4oc: jumbo dozen. 65c: hearts,
bunch. GOO. Corn. homegrown. dozen. 15c;
Cucumbers. home grown. buShel. $500;
dozen. soc: dills. dozen. 75c. Endive.
dozen, coo Egg Plant. dozen. 75c. Kale
bushel 6oc. Lettuce, outdoor, 15-lb. basket.
S5c Manages. busheL Csc: Mint. dozen: soc.
PParSley: dozen ss cS SSc Peas hampsr s27s
basket. Soc Radishes. ? dozen. CSC. Spin
ach, New Zealand, bushel. soc; hroadieaf
basket. soc Tomatoes. outdoor. l2-lb
basket soc: bushel. $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Other livestock
(By Times Special

LOUISVILLE. Oct 6.-Cattle-Receipts
l50 market nominal compared week ago
light steers and heifers. medium and
to mostly Csc higher; stockers and feeders
Csc up; closing bulk common to medium
grass steers and heifers, s3G4.50; cutter
grades down to So so or less; better I'm
ished steers and heifers duotable S54 {
and above; bulk common to medium grade
grass beef cows, s2.5Oq3; good kinds and
smooth helfer types ouotable TO 1925 anu
above; bulk low cutters and cutter cows
sl25g2;25; late, sales sausage bulls most
ly SO down: desirable Hereford stock
calves. s4.7595 ,25i common to medium
ceipts. $50; including $50 stock calves
market stes4y and mostly soc higher for
the week; bulk better vealers. S6.50q Z:
mediums. s5.5od6; palmer grades. IS
down. Hogs-Receipts. 100; market steady;
top and bulk 2oO-350 lbs S. 20; Iso-ls5
lbs S5;e5' 25S lbs. up, S575: l6o-I75 Fps,
$685.; sows. IS; market closing mostly zoe
lower than last Saturday. Sheep. $50. in
Guiding 225 stock ewes: market nominal:
generally steady with week ago; closing
bulk better lambs s6G625: choice to $3.50;
bucks, s5a SIS: light throwouts 50 50:
ewes. s6d $50 a head.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Wall Street
by RALPH HENDERSHOT-
Times SpeciaI Writer.

NEW YORK, Oct. George S..
~ Van Setback, superintendent
for insurance for New York state, is
expected to issue a report shortly
showing important progress in ur-
tangling the guaranteed real estate
mortgage mess. This will constitute
welcome news for certificate holders,
who have been receiving relatively
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
DOUBT, UNCERTAINTY
DECRIED BY GIRDLER
Steel Trade Held Back by These In
huences, He Says.

Steel Trade Held Back by These In
1uences, He Says.
By United Press
NEW YORK, Oct. 6.-The steel
industry is being halted on the
threshold Of period of greater &C
tivity than at any time in its his
tory because of the present state OF
doubt and uncertainty" according
to Tom M. Girdler, president of the
Republic Steel Corporation.
He said there were three out
standing factors holding us back
from regaining confidence in the
future" They were: Failure Of the
administration to effect monetary
stability; the hesitation with re-
spect to long-term financing and
distribution of investments and the
labor situation.
Unless the general situation i'm
proves, he limited, steel wages might
be cut.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
NEW PLAN ANNOUNCED
Johns Manville Will Support Fed
eral Housing Program.
By United Press

WASHINGTON. Oct. g. The
Johns Manville Corporation has
announced a plan for 100 per
cent support Of the federal housing
program through establishment of
the Johns-Manville Credit Corpora
ton.
The corporation. according to the
announcement viii be capitalized at
81 100000 and have 1900 credit
agencies on exactly the same credit
basis or plan of the government" Of
5 per cent annual interest on loans.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

uCCle return on
their investments
for some time.
Most of those
in the mortgage
companies who
we're responsible
largely for the
troubles of these
concerns have
been ouSted, and
their duties have
been assumed by
a new personnel
built up by the
insurance chief.
FJf
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
RURAL SALES Squirt

August retail sales registered an
increase of 5 per cent over the cor
responding month last year, accord
ing to figures issued by the depart
ment of commerce. AS compared
with the preceding month, the de-
partment reported, there was a rise
of II per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. i2c: Lezhorn hens. &c: colored
springers. Ia lbs. and over 12c: Leg
horn springers 1oc; old ROSTERS. SC: ducks,
guineaa. 15c. No l strictly fresh coun-
try run eggs. loss Of. Ice. Each full case
must weigh S. lbs. gross: a deduction of
10 cent a pound for each pound under 90
lbs. will be made. Butter-No. l. 28H29c.
Butterfat. 23c. quoted by the Wadley
Company. -~-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
COFFEE CONSUMPTION OFF

bW tWt5 NUFCIUt
NEW YORK, Oct. 6.-Coffee con-
sumption throughout the world in
the three months ended with Sep
TENDER, the first month Of the new
crop year, aggregated 5,372, 32O bags,
against 5,823,591 bags ir the cor
responding period last year, the
New York Coffee and Sugar Ex-
change disclosed today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
FEDERAL FARM LOAN BONDS
nv Ruth &, Cnl
MUNICIPAL TISSUES
INCREASE IN MONTH
Total Approved in September
Amounts to 1854, 400.
By Times Special

By Times Special
NEW YORK, Oct. 6.-New mu-
nicipal bond issues approved by
voters of fifty-eight municipalities
in twenty-six states during Septem-
Der totaled S3,584,000 compared with
S2,883,278 in August, and s25, 132, ESQ
in 1888; according to the Bond
Buyer.
Except for the authorization of a
S565. 900 issue by the voters of Kala-
mazoo county, Michigan, all items
last month were for amounts of less
than S500,000
During September. the voters of
twenty-five communities in seven
teen states rejected proposals to is
sue bonds aggregating s2,189, 900, as
compared with 81, 482. 500 rejected in
August. the report states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Ne1O York Stocks

Sales today Appropriated 100000
shares against 100000 shares last
Saturday. Curb sales were 1900
shares against $4,000 last Saturday.
Dow, Jones preliminary closing
averages showed industrial 92.85, off
IL; railroad 1891. off IL, utility
20.13, off IL.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
IRON PRODUCTION DIPS

By Times Special
CHICAGO, Oct. GA decrease OF
II per cent in the oaily rate Of pro-
duction Of pig iron during Septem-
Der, was reported today by the Iron
Age. Daily output during the month
amounted to 28,935 tons, against
34,012 tons in August.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
KRESGE SALES DECLINE
September Business
to S10,413,9I1.
Amounts
By Times Special


CHICAGO, Oct. 6.-Kresge COM
pany reports total sales for Septem-
Der at S10,413,911, against s10.634.-
773 in the same month last year. In
the preceding month sales we're 3.3
per cent ahead of 1888
Total number Of stores operating
in the United States and Canada
during the month was 727, an in
crease of seven stores over the num-
Der in operation in September, 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Stock Studies

The American Agricultural Chem
ical Company is engaged in the
manufacture and sale of CONNER
cial fertilizers. In addition it also
manufactures related nonfertilizer
chemicals which constitute about a
quarter of its volume sales.
The company owns phosphate
mines in Florida and Tennessee,
but the nitrates and potashes used
mostly imported-are purchased. In
the processes of fertilizer manufac-
ture large quantities of sulphuric
acid are used, most of which the
company manufactures for its own
use. Sales cover practically the en-
tire farming sections of the United
States and parts of Canada and
Cuba.