davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
SILK TRADING TO START
San Francisco TO Begin Futures
Dealings Dec. II.


SAN FRANCISCO, Nov. 19.-Di-
rectors of the California Commod-
ity Exchange, Ltd. of San Francis
co, have set Monday, Dec. II. as the
opening date for trading in raw silk
futures.
The first transaction will be made
in March, 1885, options and all
trades may be made only in active
silk months, namely January,
March, May, June, July, September,
October and December.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
NEWSPRINT PRICE RISES
Two Firms Boost 1885 Contracts
$3.50 to SIS a Ton.
By Times Special

CHICAGO, Nov. 19.-Next years
contracts of newsprint by the; St
John Power and Paper Company
and the Canadian international
Paper Company will be increased in
price $3.50 ton in the first six
months and not more than SIS in the
last six months, it was announced
today.
This action. first taken By the In
ternational Paper Company. brings
the companies newsprint price 10
$3.50 a ton for the first six months
and to s45 in the remaining half
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
BANK ACCEPTANCES RISE

'lIIT0 fFfNE'FF
CHICAGO, Nov. 19.-The total
volume of bankers acceptances out
standing on Oct. 81 amounted to
1851 sol, 752, as compared with $500
420,386 on Sept. 30. and S73S, 100 ,945
on Oct. 81, 1888. the American &C
ceptance council reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
EASIER CABLES PUT
WHEAT VALUES OFF
Corn, However, Leads Up
turn in Other Grains.

BIZ HifCd Press
CHICAGO, Nov. 10. - Slightly
easier cables brought lower wheat
prices on the Board of Trade today,
while corn led an upturn in other
grains.
At the start wheat was unchanged
to up Il, and rye was up = to rs
cents
Weekend weather reports indi-
Gated rain over part of Kansas, but
generally the rest of the winter
wheat belt remained dry and badly
in need of precipitation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
ESTBERG Is REELECTED

y y 7 'I|I"' !" TT|ITII
CHICAGO. Nov. 19.-The Federal
Reserve bank has reelected Edward
r. Estberg. president OF the Wa
kesha National bank. WaukeSha
Wis. a class a director. and Stand
ford T. Grape. an executive of the
Portland Cement Company. a CHS
B director. it was reported today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
RUBBER OUTPUT RISES
~ Times SpCcial

u Y 4 tHtts - Pt-tNt
CHICAGO. Nov. 19-Crude rub
Der consumption by manufacturers
in the United States during october
totaled 81 BAT long tons compared
with 30,352 in the previous month.
Imports Of crude rubber in the same
month amounted to 81, 29S long tons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
INSURANCE SALE Squirt

PHILADELPHIA. Nov. l9-Life
insurance sales Of the Penn Mutual
Life Insurance Company in October
we're ! per cent in excess Of those in
October Of last year. William A.
Law. president OF the company. an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
CARRIER ORDERS RAILS

The Norfolk g. Western railway
has placed orders with two steel
companies for 10000 tons of 1871
pound steel rail Denver & Rio
Grande Western railroad is inquir-
ing for four diners.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
HOLE TO KEEP
5 P. C. CHARGE
ON PROPERTIES
Rate to Continue Despite
Savings on Reduced
Bond Interest.
81 Cnifcd Press

~ trfCd Press
WASHINGTON. Nov. l9-The
Home owners Loan Corporation
will continue its per cent interest
charge on refinanced properties de-
spite savings expected to reach $685.
coo 900 a year as a result Of reduced
interest on HOLC bonds.
This was disclosed by officials to-
day as they surveyed the advisable
ity Of calling in approximately
1921 900 900 of the original 4 per
cent bonds and floating an issue of
similar size at a rate about per
cent lower
The HOLC already has converted
about S308,000000 of the 4 per cent
bonds into IS. thus saving more
than 100000 annually in interest
charges. The IS are guaranteed
fully as to interest and principal.
while only interest is guaranteed on
the As The period for voluntary
conversion expired Oct. 81. out he
remainder of the issue is callable on
dividend dates of January and July.
Conversion Discounted
Wall Street has already discount
ed the possible conversion by bid
ding the as up to par.
Bond interest rates were originally
fixed by the HOLC act at 4 per cent,
but when the government guaran-
tee was applied the directors were
given authority TO fix the rate The
rate was cut to per cent in April
and to 22t per cent in July.
The 5 per cent charge to home
owners will continue, officials said.
to create a reserve against possible
losses. They added, however, that
installment payments to date have
been satisfactory.
When the corporation was estab-
lished on basis of l per cent
spread between the home owners
rate and the bond rate. officials ex-
pressed the view that the HOLC
would eventually liquidate at 100
cents on the dollar Bonds now be-
ing issued are at "a per cent, or a
"a per cent spread.
1888 100000 Are Out
There are 1858, 1900 of these
outstanding and the remainder of
HOLC financing. about 81 100000
coo, is expected to continue at the
same rate
When the HOLC operation has
been completed, it will have S3000,-
G00,000 in bonds outstanding, which
at rates l and IL per cent below
that originally fixed will mean a
paper" saving of about $35, 900 900
a year. The saving over the eight
cen-year life of the bonds will be
about $63OO0O,O00.
Call on the outstanding 4 per cent
bonds will depend on the condition
of the market in government Securl-
ties and on the treasury program fol
lOngterm financing. The IS anc
2hs are callable only after ten
and five years, respectively.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Wall Street
BY RALPH HENDERSHOT-
Times Special Writer

NEW YORK, Nov. 19-Joseph P
1 Kennedy chairman of the Sc
curities and exchange commission
made the statement yesterday in a
Boston address that the govern
ment was not put into business by
the securities act as a judge of val
Ues, that it does not advise and does
not indorse or approve issues. Reg
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Receipts 300

Lambs 90 lbs down. good and
Common and medium ....... 40Od S.
90-120 lbs. good and choice :. 225G 81
G3o-l5o Good and choice 2oo9 o;
medium .....,e'.-.,-...'.'e. 1904 2:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19

off the market, and it is obliged to
judge values in the course of its
days work whether or not it wishes
to do so and whether or not it has
been commissioned to do so.
In all probability the government
through the commission would like
nothing better than to say to the in
vesting public that no security may
be offered for sale unless 1t measures
up as first-rate investment. I'm
fortunately, however, it is not
equipped to do so. The government
stamp of approval on an issue would
mean little or no more than the
stamp of any other we'll setup in
vestment institution.
IT is not within the power of man
Il TO say whether a security will
stand the test Of time. Too many
unforeseen factors enter into the
question to do so. And while it is
one thing for an individual to pass
judgment on security, it is quite
another thing for the government to
60 on record officially as having
done so. The repercuSsion, if it
guessed wrong, would be much more
serious.
The state department approved
the sale of foreign securities in the
United States some years ago, and
it was taken for granted by a great
many people that approval of the
sale meant approval of the issues
also. Such was not the case, of
course. and it is well that it was not.
Some of those issues did not stand
up so well.
1t is natural that Mr. Kennedy
does not want his commission TO re-
peat the mistake of the state de-
partment. if the latter's action can
be regarded as having been a mis-
take. That is why he takes every
opportunity available to tell the in
veSting public the extent Of the gov
ernment's responsibility. 1t is known,
however, that he takes his assign
ment very seriously and desires TO
keep questionable securities of the
market. And to do that 10 5ffec-
lively he must do much mere than
see TO il that registration statens ntS
are filed.
INCIDENTALLY, in a sense, the
Il government is requiring the
bankers to take responsibilities in
the issuance of securities it is not
willing TO assume. Penalties are pro-
vided If any security banker offers
for sale does not stand up-f it
can be proven by as much as an eye
lash that he did not supply all OF
the pertinent facts concerning the
issue and the company behind 1t
when he made the offering. Not
only the banker but others con-
cerned with the issue share IN such
penalties. That is one Of the main
reasons why bankers have been hesi-
tant about offering securities Tor
sale.
The point is advanced that any
Judge and jury would be reasonable
when weighing possible misdeeds
under such circumstances. Mr.. Ken
nedy himself holds that belief, and
many bankers are coming around 10
that idea. Their legal advisers, how
ever, ask how it is possible 10 be
sure that such would be the case,
and the answer must be that one
can not be sure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Retail Coal Prices

IRE following prices represent quotations
ncm leacsrg Indianapolis coal cealers
A 1t-cert CARY ia enArEs Der ton all ne
un1uzrrr prrnn ppr~we
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Treasury Statement
oBy United Press

WASHINGTON. Nov. l9.-Government
expenses and receipts for the current
fiscal wear TO Nov. Is compared with the
wear
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Labor Problem Appears

But there's one big wedge which
drives the boys far apart whenever
it comes in vieW-the labor problem.
The instant a labor question
arises, members Williams and
Whiteside of industry and member
Hillman of labor, set their teeth
and begin to clare.
Members Hamilton, Marshall,
Henderson and Smith take sides or
start trying to compromise.
Lately, though not a word has
leaked out about it, NIRB has
been graphing with an issue involv-
ing wages and hours of a group of
100000 persons.
Months ago, an executive order
was prepared abandoning service
codes for industries employing those
men and mountaineering and dye
ing, garages, barber shops, shoe re-
pairing, laundries, and the like
General Johnson neglected to
sign if
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19

LOCAL CASH MARKET
CITY grain elevators are paying 81 cents
FOR No. soft RED wheat. Other grades
on their merits. Cash corn No. yellow
- cents. and oats 43 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19
Hillman Raises Point

The document came before NIRB
and only sheer luck kept it from
being signed as a routine matter. 1t
was Mr.. Hillman who raised ter
rible roar and insisted that the
100000 must not be deprived of
the protection offered by minimum
wage and maximum hour provi-
SionS.
Admittedly, these provisions are
poorly enforced, though they have
greatly benefited workers. Mr.. Hill
man also demands compliance.
At last reports, Mr.. Hamilton and
Mr.. Henderson were backing him,
with Smith and Marshall on the
fence and nobody being sure wheth-
err MesSrs. Henderson and Smith
appointed as eX-off1cio members
were to have votes. Roosevelt may
have to decide.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19

Latest Stock, Bond and
Commodity Quotations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-19

-Feedcr and Stocker CattIe-
The Washington times., 1934-09-15

ferings on ex,
hibit at this
time are un-
doubtedly good.
T h ere are
probably fe W
new Easements
in houses at
this time that
are as dry as
the ordinarily
informed home
seek e n would
demand-t h i S
con dition is
ue larg e | y
by no t h er
cause than eX-
and improper
The Washington times., 1934-09-15
OUSCOL LONLALHONNE, E,BTH4ANDPARKROAD ON MARKET
M|LLERSHOWS 8
COLONIAL
HOME

What has been a landmark in
Mt. Pleasant for many years, the
beautiful old Colonial home Of
Byron S. Adams at Eighteenth and
Park Rd. N. W., is now on the mar
ket, being offered for sale by the
w. C. and A. N. Miller firm OF
builders. This old mansion re-
splendent in its glory stands today
a monument to the highest class
of building and quality OF mater
ials. 1t is typical Of such OF the
highest class residences that are
built to Withstand the rigors OF
age and weathering.
Located on a lot 120 by 100 feet
with numerous imported rare trees
and shrubbery to serve as back
ground it lends an atmosphere OF
old Colonial hospitality. The In
terror of the house imparts an I'M
mediate impression of masslvenesS
and spaciousness. There are SIX
we'll lighted and spacious bed
rooms each one, having mantle
and gas log fire place, two bath
rooms and one lavatory, also serV-
ants toilet in cellar, a sunny sew
ing room overlooking an immense
side porch, and a comfortable
library with built-in book cases
The living room boasts OF vast pro-
portions and cozy fireplace.
throughout the house are numer-
GUS large and convenient closets
and ample storage space in an i'm
mense attic that will delight the
hearts of children in playing hide
and seek. The large family dining
room measures 20 fees by 20 feet.
There are accommodations for
servants in two attic bed rooms
and bath. The heating apparatus
consists of two separate units; gas
and coal, each highly efficient in
an economical way. A back stair
way is equipped with an electric
automatic escalator that is an un-
usual feature in itself. In the
back yard on a concrete alley is
a two-car garage with overhead
apparatus for car washing. This
delightful old mansion beggarS de-
scription and only an inspection
of it reveals its charm, beauty and
WorthineSs.
The Washington times., 1934-09-15
DELANO URGES
UPL|F 7 PLAN

A national plan that must do
something substantial for the un-
derprivileged" is urged by Fred,
eric A. Delano, director of the
National Planning Board, in The
Octagon, journal of the American
Institute of Architects. Mr.. Delano,
an honorary member OF the insti-
tute, says:
"This does not mean that we
intend injustice to the favored
few, but that we must invite
and persuade the more fOrtu-
nate in talents, be they talents
of gold or talents of brains, to
help those whose standard of
living has been below normal.
"They like, as all real men
must, the enthusiasm of true
comradeship. They like the idea
of a single and clearly defined
objective; that appeals to us
all. They want cause and a
leader.
"That, as I see it, is neces-
sariIy the foundation stone Of
a national plan, a plan which
must be physically, socially,
economically and spiritually
adequate to the American
people"
The Washington times., 1934-09-15

NEW YORK, Sept. 15.-NeW
York property owners are showing
great enthusiasm for property re-
modelling in line with the current
interest in every undertaking OF
this type.
One property that has been re-
Gently carried out with great sue
cess is the transformation of a
tenement building into an attrac.
tive and completely modern apart,
ment house.
The owner of this particular
building has for many years been
a successful landlord. 1t is his
enviable record that he has never
had a vacancy. AS he is also a
painting contractor, he is naturally
aware of the power of attractively
decorated halls and apartments to
draw and hold desirable tenants.
In the remodeling of the tene-
ment, the new decorative scheme
took cognizance, first of all, of the
exterior appearance of the build
ing and made the entrance par
ticularly inviting by installing a
door that had been painted ricn
shade of dark blue.
The Railways, that had been in
describably dark and dingy, were
panelled with compo board that
extended three feet from the floor
The Washington times., 1934-09-15
PAINTING LEADS
FHAPLEAS ,a

Painting and surface protection
projects have assumed the leader
ship in the better housing pro-
gram sponsored by the Federal
Housing Administration, prelimi-
nary examination of inquiries
and loans by private lending in
stitutions reveals.
The FILA, reporting on a study
of correspondence dealing with
modernization and repair, re-
veals that painting and roofing
questions are being received in
greater number than any others.
The inquiries come not only from
home owners, but from owners
of business and apartment prop
critics.
The result of a housing survey
conducted in Bridgeport, Conn.,,
reported to the FILA this week,
revealed that repainting and in
terror decoration were far ahead
of all other needs, judging by
the purposes for which loans Tor
undermining and repairing have
been made.
Of 3,O98 structures figuring IN
the survey, repainting or interior
decoration figured in LAS. The
survey revealed also that for 81
borrowed for modernizirg, 81
mould hn Srent from the owners
own funds.
Urging property owners to tn
dertake reconditioning operations
now, Deputy Housing Administra-
tor Albert L. Deane declares
that the prices of building ma
terials and labor at the present
time compare quite favorably
with the general prices of other
products. The trend of prices
from now on, he predicts, will be
upward and not downward.
The Washington times., 1934-09-15
ALL ELITE SEEK
WHITE ROOMS

NEW YORK, Sept. 15.-Rooms.
with white walls, furniture and
even white rugs are very much
the vogue in smart New York
apartments and suburban homes.
Professional decorators have been
turning out many attractive in
teriors in nuances of White-not
colorleSS or monotonous-but vivid
and full of life. The metropolitan
shops carry all kinds of furniture
finished in white, and decorative
accessories such as white pottery
and lamp shades. So the house
wife who does her own decorating
can. if she likes, create an all
white room.
The most successful of the white
living rooms, dining rooms and
bedrooms reveal on closer study
subtle use of color. The walls.
which set the decorative note of
the room, are almost always paint
ed white. Yet the cid adage,
white is white" no longer appears
to be true. The astonishing dis
covery is made that there are in
Vulnerable shades and white tones.
Starting with chalk white, there
are tinted hueS which range
through rose white, blue white,
yellow white and gray white. An
other tone of white mas a slight
suggestion of putty; still another
is reminiscent of old parchment.
You get these variations by add
ing a very little color to the white
paint. Red and yellow for parch-
ment white. for example. Blue
and red, for a soft blue.white Sug-
gesting a faint lavender. A thin
wash of glaze-a yellowlsh liquid
like a varnish-will give an off.
white color a softened effect which
harmonizes with antique furnish.
ingS,
The Washington times., 1934-09-15
Renowned I enement in N. Y.
Now Apartment House

board. This dado was painted
dark gray, as a concession to prac.
tical needs, but the upper walls
were gaily Stenciled in figured de-
signs on a light background.
AS an example of the ingenious
remodeling that has taken place,
a dark and depressing hall room
on the top floor has been made
into an inviting and comfortable
midget apartment.
A miniature hallway, divided
from the rest of the room with
wallboard, contains, at one end, a
tiny kitchenette and at the other
a clothes closet and a door open
ing onto the tiny bathroom be,
yond.
The hallway is surfaced in high
gloss white paint, to garner the
maximum amount of light reflec-
ton; the kitchenette is decorated
in butter yellow; the tiny bath
room in light powder blue. Walls
and ceiling of the housekeeping
room are painted in dull finish,
cauliflower white, while the wood
work and floor are in deep blue.
The renowned tenement build
ing is completely tenanted, and
the long waiting list testifies fur
ther to the success of the remodel
ing project.
The Washington times., 1934-09-15
AWARDS BOOST
ENGINEERING

NEW YORK, Sept. 15.-Engi-
neering construction shook off
it's four weeks lethargy and
chalked up $36,671, 900 in awards
for this week, the third high
week for the year, according to
Engineering News-Record.
This increase is due to Federal
awards, $15,27O,OOO, and private
awards, $9,S87 900, while State
and municipal awards at $11,514,-
900 are higher than last week but
below the average waak to date
in this classification.
Major increases are in earth
work, irrigation, drainage and
waterways, $12,722,OO0; industrial
buildings, $7,247,000, and high
ways at $6,434,0O0. Public build
ings at $4,252,00O, commercial
buildings at $1,96O,000, bridges
at $2,581, 900 also recorded gains
while waterworks and sewage
awards were lower than last week.
The larger awards include:
Dearborn, Mich, steel mill and
equipment for Ford Motor Com
pany. $5,90O,OOO; bank and office
building for Federal Reserve Bank,
New York city, 100000; extern
sion, building 1853, Navy Yard,
Norfolk, Va, 100000; highway
awards by Illinois, $748,0OO; by
Missouri, $1,15o,OO0; by Wyoming,
1886, 900; by Pennsylvania, $685.
900; superstructure, railroa d
bridge over Cape Cod Canal at
Buzzards Bay. Mass, 1881 900;
Parker Dam, Arizona, $4.240,000;
dikes and revetments, Missouri
River in Missouri, $1,518,000;
$1,171 900; in Nebraska, $780,
600, $1,14O,OO0, $739,000, and
dredging, Brownsville, Tex, ST.
4S6, 900.
New capital for the week in
cluded $3,310,000 in State and
municipal bond sales and net
gains in PWA allotment of $3,-
12O, 900.
The Washington times., 1934-09-15
DRY BASEMENT
ADVERTISED
BY RYAN
By DICK BAKER

It is a brave man who will
advertise improved property for
sale this weekend and the Of
The Washington times., 1934-09-15
EFFECTS OF COLOR

The color of the walls of a room
may contribute much to family's
happiness, writes Derek Patmore,
in his recently published book.
Color Schemes for the Modern
Home" For example, yellow,
which naturally suggests sunshine,
will give a happy and cheerful
background; blue, associated with
peacefulness, will be found sooth-
ing when iudiciously used.
The Washington times., 1934-09-15
Paint to Protect
Property, Advice

In response to the Federal Gov
ernment's appeal for moderniza-
ton of homes, George w. Alder,
consulting engineer of Good House
keeping, heads his list of prac-
tical suggestions with:
Keep the house painted to
lessen depreciation. Do not
wait too long to protect sur
faces exposed to the weather"