davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
FINANCIAL DATA
AS of Sent an

During the II months ended Sept
30, cash and securities remained
practically the same. Inventories
increased 100000 and net working
capital was 100000 larger. Surplus
increased a little more than $780,
900. On Sept. 80 the current ratio
was better than 1917 to l, while cash
and securities were nearly four
times current liabilities. The book
value of the capital stock was S22.41,
or SO cents more than the year pre-
vious.
A deficit was shown only in the
year 1882, amounting to II cents.
Since then earnings have been on
the upward trend with S139 earned
in the first nine months of this
year.
Dividend payments have, of neces-
sity. been cratic; so cents was paid
on the capital stock in 1888 and 81
paid in 1894, which amount was
earned by a good margin.
RaybestoS Manhattan was incor-
porated in 1929 in New Jersey. The
capital stock is listed on the New
York Stock Exchange. At current
price of around 20 it sells to yield 5
per cent on 81 dividend basis.
(Au right reserved Winchester Institute
OF Finance, Winchester, Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
FRUITS AND VEGETABLES
BY United Press

CHICAGO Dec 24.-Apples- Michigan
Mcintosh bushel. si75G3: Jonatbans.
81 5oG LIS. Beets-nhnois bushel. 35d 40c.
bushel. green. 50 50d5.50. Cauliflower-
California crates. sl25, best. Cranberries
Massachusetts. Il barrels. S4d4 50.
Lettuce-Callf5,nl crates 50 50I425.
Arizona. S42Sm450 Cabbage Wisconsin
crates, 40M CSC. Suinach-Tennessee Texas.
Illinois bushels S0cmSi Sweet potatoes
Tennessee bushels. slGi.I5: Indiana .Jer-
seys. Sl.50Gi65. Carrots California
crates. S250n3. Celery-Michiean crates.
CSC 3si2S. Onion market f50-lb. sacksl--
Michigan yellows. 90cdSl: western yeilows,
eoen sios; Illinois and Indiana yellows.
e5195c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

t h a n individuals.
The nsurg e n t
group, h a vi n g
watched their bust
ness f a din g and
their difficulties in
m a kin g h e ir
budgets S t e a Oily
increase, are I'M
willing to sit back
and wait for some
thing to happen.
Hope for success
in their efforts lies
in the new nomi-
mating committee
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Stock Studies

Raybestos Manhattan was formed
IN 1929 as a consolidation of the
United States Asbestos Co. and
Manhattan Rubber Co. The COM
pany produces wide range of as
bestos and rubber products, includ-
ing brake Innings, fan belts, rubber
transmiSsions, rubber and asbestos
packings, air, steam and water hose.
The company is among the largest
manufacturers of brake Innings and
clutch facingS.
About so per cent Of the COM
panys products are sold to the au-
tomobile industry Main plants are
in and around Bridgeport, Conn;
Passaic, N. j., and Mannheim, Pa.
Branch Offices are located in the
principal cities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

which has just been proposed and
which comes up for election next
month. Some of the members of
this committee are known to hold
liberal" ideas. Rumor has it that
they will refuse to nominate
Richard Whitney for reelection as
president.
The statement has been made on
several occasions in private CONVEX
sation that we're it not for the
attitude of Exchange officials the
Securities and Exchange Act never
would have been written, and the
commission growing out of that act
never would have come into being.
EEW people in the Street, of
Il course, expect to get rid of gov
eminent supervision, but those
staging the fight believe they can
win back public confidence and thus
their business by taking more
forward-looking policy toward the
public.
AS a step in that direction they
believe that partners in member
firms, who come in more direct con-
tact with the public than do the
actual members themselves, should
have voice in deciding on ques-
tons of policy relating to the
public.
1t is a gather late date for the
Exchange members to take matters
into their own hands. The Securi-
ties and Exchange Commission al
ready has moved in and appears to
be directing the job. The officials
Of the Exchange, from all appear
ances, are doing little more than
looking after the clerical end of the
business.
DUT those sitting in the high
- places have not changed their
views. They merely have changed
their tactics. Whereas in the past
they had been cocksure and auto
cratic, they are now more or less
subservient. But they still regard
the Exchange as a private club to
be dominated and managed by
chosen few, and they still feel no
desire to make a public accounting
Of their acts.
Consequently if the new group
comes into power it probably would
prove a good thing for the Ex-
change. The members and their
partners, who really have the big
stake in the institution, undoubtedly
would be better represented and
they should get along much better
with the public to which they look
for support. They might even be-
come friends with the commission.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
SPINNING TRADE DIPS
Cotton Operations at 81 Per Cent
Of Capacity in November.

WASHINGTON. Dec. 24-The
cotton spinning industry operated
at 81 per cent Of capacity during
November. according TO a Census
Bureau report. Operations were on
a single shift basis, and compared
with GIL per cent during October
and 96.3 per cent during November,
1898.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
'35 INSURANCE SALES
SEEN OVER IS BILLION
Prediction Is Based on Present Rate
of Increase.

By Times Special
PHILADELPHIA, Dec. 24.-Fif-
teen and half billion dollars Of
life insurance will be sold in the
United States in 1885 if sales con-
tinue to increase as they did in 1884,
William A Law, president of the
Penn Mutual Life Insurance Co. and
former president of the American
Bankers Assn, estimated today.
There is every indication, he
added, that the total sales will be
greater than that.
Mr.. Law based his estimate Of
SIS, 500, 100000, sum equal to ap-
proximately half the public debt IT
the United States, on statistics COM
piled by the Association of Life In
surance Presidents. They show that
the public purchased $4,000, 000 900
in new life insurance in 1884, repre-
senting an increase of 10 per cent
over the preceding year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Wall Street
by RALPH HENDERSHOT

NEW YORK, Dec. 24.-Wall
IN Street is having a revolution
all it's own. Brokers, dissatisfied for
with the manner in which
the New York Stock Exchange was
being run, appear in a fair way to
overthrow the old order and bring
about more democratic govern
ment for the institution.
The fight is against policies rather
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Other livestock
by United Press)

FIT WAYNE. Dec. 24-Hogs-25 70 4oc
81. so: 2oo-225 lbs. $3.50: 10000 lbs. S. 80;
i60-lSQ lbs. s6.05: 300350 lbs 40, l50-
100 IbsS So; l4o-l5o lbs. s475 l3o-l4o lbs
roughs. $3.50: stays. $3.50. Calves-s7:
lambs. So.
LAFAYETTE. Dec 24-Market. 25-40e
higher: 275-300 lbs. $3.50: 250-27S lbs
$3.50 2ao-25o ibs ss55 22cI2so ss So as
200 lbs. s6.40: lso-190 lbs. ss.75; l70-lso
lbs 500; .l60-l70 lbs. S.; l55.iso lbs.
i00-i4o lbs. s2a $50: calf market. steady !:
top So: lamb market. steady; western
lambs. 81 so down; native lambs, 81 down.
Tougos. Sc down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

PWA'S Investment
Record Is One
of Merit.
by VINCENT 6. LYONS.
Times Financial Editor

THE Public Works Administra-
Il ton. Of which Harold L. Ickes
is the chief, has made a record for
itself that even the most asture of
bankers and investment experts
could well be proud Of. The badge
Of merit is allotted this Federal
agency because less than $4,000 Of
he s272,OOOOOO state, city and
county securities now held by it is
n default.
In all instances the black marks
we're placed next 10 the munich
palities for non-payment of inter
sst. There were ten defaulters of
Lhis nature at the outside. Three
Of them came through with the
i necessary funds a short time after
they were due and the other seven
are straining every effort to bring
their credit rating back to good
standing.
When the idea of making Fed
eral loans 10 municipalities for the
creation of public works was first
preached there were many skeptics
who nodded their heads question:
ingly at the Government lending
activity Many of them were will
ing to wager that the Government
would come out the loser on quite
few of its transactions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
DAIRY COSTS MOUNT
By Times Special

bU IWfs NVtftuF
NEW YORK, Dec. 24-New York
state dairy farm costs are affected
by feeding costs now at Sl82 for
each 100 pounds of grain and con-
centrates. compared with Sl.4l a
year ago. the State Agriculture De-
partment reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
JOINT ACCORD
OF RAILROADS
PRINCES PLAN
Would Aid Each Other With
Help of 2 Billion
u. S. Loan.
PAGE II

The following is the third Of a series
Of six articles on "A New Deal for the
Railroads." written for the Indiana polls
Times BY Theodore Prince. well-known
railroad authority. The fourth article
will appear tomorrow.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
DIVIDEND RECORD GOOD

D y 4 UNITS - ptttht
NEW YORK, Dec. 24.-Sixty- six
favorable dividend changes occurred
last week compared with rs the
week before, according to the STAN
dard Statistics Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Hides and Skins

Hides-Green country COWS and steers.
SAC fat; green country bulls and Clues
&c fat; green country calf hides. 4izc;
horse hides with fun heads. shanks. names
and tails. 50 so: medium size 81 All No
2 grade horse hides. soc less: Clues and
ponies half price. No. l rendered tallow.
IA 41zc: No. at value. Yellow grease
363lac: dark grease. 2l2M2c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
REFUND PLAN STARTED
c. g. n. w. Declares Operative Its
Bond Issue Program.
By Time s Specir

By Times Special
CHICAGO, Dec. 24.-The Chica-
go g. Northwestern Railway has de-
clared operative its plan for re-
funding bond issues Of two subsi-
diaries, it was learned today. The
issues consist Of S23 900, 900 of Iowa,
Minnesota 81 Northwestern Railway
3l5s. and $4,000 of Minnesota &
South Dakota Railway 31zs, both
maturing Jan. /, 1885, officials de-
clared.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Retail Coal Prices
DOMESTIC RETAn PRICES

TIE following prices represent quotations
nom leading Indianapolis coal dealers
A Ascent carrying charge Der ton viii oe
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
(By James E. Bennetn
LOCAL CASH MARKET

City grain elevators are paving 30 cent
for No. 2 soft red wheat. Other grade
on their merits. Cash corn No yellow
80 cents and oats 48 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

by United Press
WASHINGTON Dec Achievement
expenses and receipts for the current fiscal
year to Dec. 81 compared with the cor
responding period of the previous fiscal
This Year Last Year.
Expenses So, 446. 14S, 1924 $2,396 629, All II
Receipts 1906, 1858 532.44 s1,433 10. 81 "a
Deficit /. 639, 1874, 80 963 518, $50 81
Cash Bal 2617, 428 025.51 1902, 551, SCI Sc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

SHEEP AND LAMBS
Receipts 1000
Lambs. 90-lb down, good and
choice .-............ ss0O6 g so
Common and medium ......... 5506 800
90-I2O lbs, good and choice. 2.50G $50
9 7iao9i5o) Good and choice .. 2.OOG 800
az dium ......... '.o'- 1850 $50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
Commodity Prices

(By Fenner g. Beane)-
NEW YORK COTTONsEED OIL
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

u
ID ESULTS Just announced we're
IN quite the contrary, how ever.
The business Of investing at best
contains some element of uncer-
tainty. A safe harbor of funds to-
day may lose its ranking tomorrow
as a consequence of some unfore-
seen development. Investment
funds oftentimes pursue the same
tactics as the robin and fly to
the place where conditions are the
most propitious.
These loans have served dual
purpose, which critics of the Ad-
minIStratiOn have failed to realize.
The first purpose. of course, is the
social benefits which are received
from the municipal construction of
a new dam, bridge, library or other
such public building. The second
function that the grants have per-
formed is that they have opened
up an avenue for investments
which otherwise would have been
closed.
A large proportion of the loans
made to these municipalities in
widely scattered sections of the
country have been resold to bank
ers through the Reconstruction
Finance Corp. Approximately
S5O.0OO,OOO of them were considered
such attractive investments that
the banking groups which pur-
chased them paid a premium for
the privilege of buying them.
II
CYNDICATES purchasing these
~ issues either kept them in their
vaults as good yielding investments
or re-offered them to the public at
a profit to themselves. 1t seems
from this that the Administration
is deserving Of a pat on the back
from the financial fraternity for
giving them an opportunity to put
to work some of the idle funds
which they had on hand.
1t might be suggested by some
people that so long as this market
existed, the bankers should have
originated the loans in the first
place. However. there are several
factors to be remembered. Govern
ment money and banking money
are two different things. Then, too,
public works loans were an Ad-
miniStration brain-child. the scope
of which was yet to be tested. Now
that the municipal bond structure
has displayed betterment, liens of
this type are finding a more re-
ceptive market.
The record of the PWA in the
distribution of loans is the best
indication that the agency did not
allocate funds :ndiScriminately. 1t
bespeaks thOroughneSS of investi-
CATION on the part of Mr.. IckeS'
assistants in appraising the merits
of requests for grants. Those mu-
inequalities which could not meet
the requirements laid down were
tactfully informed that PWA funds
were not available.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24

Latest Stock, Bond and
Commodity Quotations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-24
STEERS

(250-5OOl Good and choice -. ASA So
Common and medium .-.---.-. $500 Al
Feeder and Stocker Cattle
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
WASTE OF PUBLIC FUNDS

IF there be anything amiss in the
present state of our affairs, as the for
midable deficit lately unfolded to us in
dicates, ascribe it to the inattention of
Congress to their duties, to the unwise dis
slpation and waste of the public contribu-
tons. They seemed, some little time ago,
to be at loss for objects whereupon to
throw away the apparently fathomleSs
funds of the treasury"
The foregoing might easily be taken
for the utterance of some present-day
critic of governmental extravaganza, for it
neatly fits the situation which now exists.
But it does not refer to the national deficit
OF 1884. The quotation is from letter
written by Thomas jefferson in 1920, and
indicates that reckless spending of the tax
payers money had become Congressional
habit even in that early day.
Just now some attention is again be-
ing given to various proposals for re-
duction of government expenditures, but
every proposed economy will meet with
determined resistance on the part of en-
trenched bureaucracy.
The demand for curtailment of
wastefuf spendingsis becoming more and
more sinsisten however, and both national
and state legislators would. do well to
heed this demand If they desire to remain
0rAthes public payroll themselves.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
SENATOR'S LOOSE TALK

Politicians sometimes resent criticism
of their utterances, when pointed out to be
silly and unfounded, and often try to hide
behind the stock alibi that they were mis-
quoted. The truth is they usually get off
lightly, considering the wild talk they in
dulge in so freely.
case in point is a ridiculous state
ment made few days ago by Senator Joe
I. Robinson of Arkansas, leader of his
party in the United States Senate, who in
speech in Little Rock said:
II have no doubt that if we could
balance the budget and let business know
definitely:th taxes will not be increased.
fires would be started in the boilers of l.
100000 industrial plants Immediately"
Now, according to the Manufacturing
Census for 1929, the United States has only
199,268 industrial plants. Where would
the senator find the 100000 plants
which he imagines starting up so mag
ically?
We agree with Senator Robinson that
balancing the budget and the avoidance of
further taxation would tend to stimulate
business and industry, but not to the extent
Of starting up five times as many factories
as now exist in the United States.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
WHAT CREATES WEALTH.

Government cannot create wealth. It
eanonly spend il.
That economic axiom was recently
pointed cut by B. c. Forbes. in comment
ing on the delusion that government has
imitless purse. that it can pull bundles of
cash out of magic hat. that "a day of
reckoning never comes
Every cent spent by political or
ganisInS must be supplied by the taxpayer.
And that term. taxpayer means every
person IN the country who has job. any
savings, piece of property. business. or
"A dollar to spend. 1t means the day
slsssssr as well as the bank president-the
clerk as well as the executive. In fact, the
clerk and the day laborer have the most TO
lose from tax extravaganza and the most
10 gain from tax economy Government
cannot be supported by taxing me of
wealth-there aren't enough of them to
make dent in the budget The great bulk
of its revenue comes from direct taxes on
clothes. foOd-all the necessities and
luxuries which the average man and wo-
man of small income buys
Wealth is created when capital is used
to provide facilities with which men can
work to produce goods and commodities
and services that the people need and
want. Potential wealth is lost when the
burden Vf taxation makes impossible this
capital inEestment-when it STILES at the
source the jobs and opportunities that
would otherwise be provided
Tax reduction is in the interest of
every worker, every farmer, every bust
ness and professional man. It would pro-
duee jobs, develop industries-and make
more taxable wealth. And there is only
one way We can have tax reduction-by
spending less tax money.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

a disturbance alzz1 u1z 60 60
Texas ruAst Es-slsrEiaT asarnlnE NJ
moved noHzhez@1MmE1 s. N
with inrreazed inzensasg- 81 Aaaas
No. 2a-18 inehe@. am4 rams $50
been general aurnT tne Ian -
hours fresh eastern MeWaa Mn6 e19
Mississipni NallsT ezE1waH4 ra rH
Atlantic cuaE1- exc~ns lei eae aE-
ida peninsula WheFe fh@ mmT $50
einitation uuas rhaGers m $50
southeastern parfial- Inern @
also been tishf snaw b go esu-
trial Plans Stztes. TewHzHzz
have fallen 6scidsd.V in 80 -
Gulf State. Nirh fEssEE Ed 49,
tEal Texas Whlie ezzr 81 - 49,
sisziuln RIVER ueadIuEs eaUe
abhurmaly hiEh
c. = KE...1sElHE-
OFErlal tn Co.,
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
THE KEY WEST CITIZEN

WILL always seek the truth and print it
without fear and without favor; never be
afraid to attack wrong or to applaud right;
always fight for progress; never be the or
gan or-the mouthpiece of any person, clique,
faction or class; always do its utmost for the
public welfare; never tolerate corruption or
Injustice; denounce vice and praise virtue;
commend good done by individual or organ
ization; tolerant of others rights, views and
opinions; print only news that viii elevate
and not contaminate the reader; never COM
promise with principle.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

and cooler; moderate southerlv
winds shifting to west or north
west.
Florida: Occasional rain this
afternoon and probably tonight;
colder in north and central D0r-
tons tonight; Saturday generally
fair and colder.
Jacksonville 10 Florida Straits:
Moderate southeast and south
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
TOday'S Horoscope


T0daE's u1ruEe e. Ee
PERHAPS the murh eEeFn 81 uE
required 70 ulaiutall * Is
a spicy cfaHa~teF rt11 SIS r
10 the top and ul kaeR ~ -
sociates alive and nEIEe - ~
exhibition ~ M and Euaf
and Whle. perhlEHs. mu1 ara-eE
ANY great resal1s fl 1ma
viii do No iuteuriaual E
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

Ohio. is professional at the Stock
Island golf links. He arrived Sun
day. and at once assumed his du-
ties. He is accompanied by Mrs.
Hampton and four children and
mother-in-law, Mrs. c. Harding.
Mr.. Hampton has an excellent
record in the states and abroad.
His coming will increase the in
terest in the local contests.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
TODAY'S WEATHER

winds shifting e. wez - wwA'
west. and aver1mz1 we4~z -
night and Snturdng VIA @eEaaar
ii ran taniEfE
East Calf Ms3er41e - 4Fe
west OF mnrkhNes& wlnes aEaT Naz-
portion. ans anEslleE4AE
winds shifting - wes1 ~ 1888
west ronigtat ever east $3.50
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30
Jonah is bothered again

Jonah is bothered again. He cannot
understand why people are not eager to
die il Heaven is the wonderful place it is
pictured. The reason. Jonah, is that there
l. also another place not at all desirable
and as human nature is so full of devil
ments we are dubious about our final desti-
nation and for the time being want to let
well enough alone,
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

Wrecking Tug Willett sailed
this afternoon with the Schooner
Elizabeth Freeman in tow for
Baltimore. The schooner is loaded
with phosphate and went aground
on North Key several weeks ago.
She was plundered by modern pi-
rates while the crew was on one
of the nearby keys.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

There is chap in Key West who says
that in order for stock on the market to
go down all he has to do is to buy few
shares. If we have heard one say that we
have heard fifty. 1t looks, according to
this chat it is good advice to lay off the
stock market
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

With the arrival of 1876 passen-
gers on the morning train and IS
on the train yesterday afternoon,
the Governor Cobb sailed this
morning with a heavy passenger
list for Cuba.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

Dance plaeards in Key West bear the
legend Ladies Free" In that case being
at least part Scotch, we'll take one.-Key
West Citizen. Is that part of the FERA
program in Key West. and it is also.proyid-
ing free meals?-P. E. B., in Tampa Trf-.
bune. Why the inquiry, are you Scotch,
to0l
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

High winds continuing from the
north for the past week have caus-
ed vast SCHOOLS OF kingfish and
mackerel TO gather in the vicinity
Of Spanish Har0Or and other
points near 70 Key West. Fisher
men report the fish are being
caught in large numbers, and they
expect a banner season. RunbOats
are now arriving with loads of the
fish. which are packed as soon as
unloaded and shipped to markets
in the north. Some large lots are
being sent to Havana.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-30

John McEntee Bowman. presi-
dent OF the Bowman BiltmOre
Hotels corporation. and one of the
best known magnates in the world,
arrived yesterday from Havana
and left in the evening for Tam
pa. Mr. Bowman is enthusiastic
about Key West and thinks that
with the right kind of publicity
the city could be made a great
tourist resort.