davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
CHASE NATIONAL BANK
DEPOSITS, ASSETS OFF
Decline Reported in Three Months
Ended Sept. 20.

By Times Special
NEW YORK, Oct. 5.-Total re-
sources of the Chase National bank
of New York as of Sept. 90 aggre-
gated s1,774,890 900, compared with
$3.50, sos, 900 on June 80. according
to the condition statement of the
institution
Deposits at the close of the third
quarter amounted to Sl.488, 962, COO,
which contrasts with S1.533. 446 900
three months earlier.
The banks investments on Sept.
90 in United States government
obligations, direct and fully guar
anteed, totaled S49l, $780, 900. includ-
ing sac, 222 900 Of reconstruction
Finance Corporation notes which
we're carried as separate item IN
the same amount in the June 30
statement, when direct obligations
Of the government owned amounted
to SAL, 366. 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Produce Markets

hens. ' &c: Legh hHHf hens, 7c coiored
springers. ia lbs and over. l2c; Leg
horn springers. 1oc; old ROSTERS. Sc; ducks,
SC; geese, SC; Young guineas; zoe; old
must weigh IS lbs. gross; deduction Of
10 cent, a pound for each pound under SIS
lbs will be made. Butter-No. l. 28M29c.
Butterfat. 2lc. Quoted BY the Wadley
(By United Press
CHICAGO, Oct. -Eggs-Market. firmer;
receipts ABB cases; extra 1rsts 231ac;
1s12@2l12c; dirties No. l. olS1zc; No 2.
Market, frmer; receipts 1850 tubs
extra frsts (9O-9l1a score. 24@24Ac;
extras 1872 score). 241ac; frsts t88-89l2
score). 2362a1ac; seconds (86-871a score)
22M2212c; specials. 25q2512c; standards,
2412c. Poultry-Market. easy; receipts. 81
trucks, 2 cars. l car due; geese. young
l2c; turkeys; 1s@15c: old ROSTERS, llc
Rock, l5c; hens, heavy, I4lac; guinea hens
Plymouth Rock springs. I3lac; Leghorn
springs, lilac. Cheese-Twins, 1914 n
12Iac: daisies 1924 G13c; longhorns. 1924
@13c Potatoes-Supply moderate; de-
mand and trading slow; market, weak;
Wisconsin Cobblers and Round Whites. IS
CobbIers s5 cents; Colorado McclureS,
United Unite States No. 4, $3.50; Michigan Rural
Russets s1.5o91.65. commercial grade
s115. United States No. 2 s1.25@127l2;
Washington Russets, combination grade,
s145. United States No. 2. sl.30 Arrivals
102. on track 242, shipments $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
BY WILLIAM PHILIP SIMMS
Scripps-HoEard Foreign Editor

WASHINGTON, Oct. 5.-Here are the approximate
figures involved in the SovetAmercan debt and trade
gotations and the reasons for the stalemate.
The Soviet union offered the United States something
like S1OOOO0OOO as "lump-sum payment of all American
claims In addition, it would cancel all counter-cams
against the United States arising out of American armed in
erventon Russia during and after the world CAT the
end of 1913 after the armistce force of $4,000 allies in
Guiding $500 Americans marched Petrograd The cam
pagn failed The Americans withdrawn in the spring
of 1919.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Chicago Hole Busy.

Morwe than $15,5OO,OOO worth of
Chicago homes we're put on a sound
basis by the Home Owners
Loan Corporation in the last month.
The corporations production rate
in Illinois showed an increase even
over the previous months record, so
that half the total applications now
have been acted upon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

This the Soviet Union
would do, frankly because the
American claims stand in the
way of trade relations. The
Soviets. however, made a condition:
That the United States would have
to extend twenty-year credits,
amounting to approximately $780,
100000, to purchase American goods.
United States Refused
The United States refused. The
amount offered to pay off the Amer
lean claims represented a much bet
ter bargain than was obtained from
Italy on war debtS-a bargain which
Italy now refuses to honor, inciden-
tally-but the credit terms were
deemed impossible.
The amount was considered ex-
orbitant and the term too long.
While the United States was willing
to guarantee certain credits, it pre-
ferred each one to be negotiated on
its own. Five years would be the
maximum. Finally. the Soviet
Union offered to compromise on
twenty years for part, the balance
to be paid in a somewhat shorter
time. This compromise was as fol-
lows:
paw of the American claims is to cam
outage payment in the form OF extra
interest on American credits.
Second. she would have to be assured
al the. start not only that the credits
would be large enough to make Such re.
m n teaso pu on ney Moul % pre
vent repayment becoming a dangerous
burden.
from Russia. Britain and France claim
at least ten. The American terms will
have to be such that Britain and France
can not force the Soviet Union to dupli-
cate them.
Fourth. Germany has agreed to cancel
her claims, provided Russia does not
recognize the claims of other countries:
The German claims automatically would
be revived if Russia recognized those OF
the United States.
These figures are only approx
innate. but they afford a working
idea of how far from an agreement
the two countries are.
Can't Recognize" Loan
Public opinion also plays a part.
The Russians are convinced the pro-
ceeds of the Czarist and Kerensky
loans were used in an attempt to
crush them. The leaders in Mos
COW would not dare recognize them
now.
The johnson act, passed April Is,
forbidS loans to foreign govern
ments in default to the United
States. The act, however, took pains
to make it possible for the especially
created Export bank to ex-
tend credit to Russia. On March Is
the bank decided not to extend such
credit while the U. S. S. R. was in
default. Attorney-General Cum
mings ruled within the meaning of
the Johnson act the Soviets were in
default.
Here are strangely and admitted
" inconsistent acts on the part of
the American government. The most
logical explanation is that it was
maneuvering for bargaining power.
Few believe hostile influences will
be allowed to stand in the way
once the administration decides to
go ahead-any more than they did
year ago when the President
made up his mind to extend recog-
milton.
TOmOrrOw-What the Stalemate
Is Costing ISL.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
REVENUES RETURNED
Railroad Credit Corporation Refunds
Freight Money.
Bv Times SpecfQI

CHICAGO, Oct. 5.-The railroad
Credit Corporation has returned
s17,696, 106 through liquidating
agencies, representing "a per cent
of the emergency freight revenues
collected by the participating car
riers through March 81, 1888.
Of this amount, $685., 422 was in
cash and s9,e9S,594 in credits on
obligations due the corporation, off,
Gals revealed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
SALES OF NEW ISSUES
IN CANADA ADVANCE
September Total Is Rel orted at
S13,383,OOO.
BIZ Times SpeciaI


NEW YORK, Oct. 5.-Total sales
of new issues in Canada during
September amounted to $13,383, 900,
as compared with $1,164,724 in the
same month of 1888, according to a
report made today by the Dominion
Securities Corporation.
Issues made by the Provinces of
New Brunswick, Saskatchewan and
Nova Scotia accounted for 1854, 900
of the total, while the bulk Of the
balance was made up of an issue for
$9,634,O00 from the city of Quebec.
Total sales, exclusive of Domin-
ion of Canada financing, amounted
to $179, ,304 Tor the first three
quarters of the current year as COM
pared with $116, 629, 106 in the cor
responding period of 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

During the fiscal year ended last
November, surplus dropped $780,
000 Cash and securities were about
$2,200,000 less while inventories in
creased $1,O00,O00. Although net
working capital declined $2,100,000,
the companuy has maintained a
strong liquid position. The current
ration on Nov. 80 was 141A to /,
while the book value of the COM
mon stock was $14.29, a decrease of
$1.21 during the fiscal year.
In past years Nash has shown
good earning power. Since 1929,
however, earnings dropped success
sively to SO cents on the common in
1882, deficit of As cents in 1888,
and for the six months ended May
81, the deficit was 38 cents a share.
This last deficit was largely the re-
suit of costs involved in putting out
the new Lafayette" car.
Nash has paid dividends right
along and drawn on surplus every
year since 1929. Last year rs cents
was paid on the common and the
present rate is 81. The strong
financial condition, and not earn
ings, warranted the payment of
these dividends.
Nash was incorporated in Mary
land in 1916. The common stock is
listed on the New York and Boston
exchanges. At a current price of
around 141s it is selling to yield
about 7A per cent on the present
dividend rate.
(AIl Rights Reserved, winchester Institute
of Finance, Winchester, MaSS.).
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
HUDSON SALES CLIMB
Production from May l to Sept.
Totaled 25.965 Cars.
y Timos Special

. IHItt ItlIlI
NEW YORK, Oct. 5.-SaleS of
Hudson and Terraplane cars in the
United States for the period May l
to Sept. l. aggregated 1896. an in
crease Of % per cent over the 20.277
total In the corresponding period Of
1898.
The increase compares with an
advance In sales of approximately
"A per cent for the industry as a
whole during the same period. The
above figures exclude HudSon'S
Canadian and export sales which
showed comparable gains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Coyernment Bonds Rought

Member banks in the Chicago
federal reserve district expanded
their holdings Of United States gov
eminent securities by $4,000, 900
during the week ended Wednesday,
bringing the combined holdings to
a new peak OF s678,00O, 900. In the
New York area federal bond in
vestments were curtailed by SIG. Co.,
900. Deposits, however. dropped IN
both territories, rejecting with
drawal of funds for dividend and
Interest requi rements.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
TELEPHONE co. GAINS
New York Firm Adds 1926 Stations
During September.

CHICAGO, Oct. 5.-A net gain Of
1926 stations in September was re-
ported by the New York Telephone
Company, largest unit in the Bell
System. This compares with net
gain of 1912 stations in September,
1888.
For the nine months ended Sept.
80, the company had net gain OF
TIA telephones, against loss OF
117,274 in the corresponding period
last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

esting phases of
the battle is the
fact that Joseph
P. Kennedy, chair
man of the COM
mission, is a large
stakeholder in B.
M. T.
Apparently the
results of the
fight will be based
on the question
of whether the
operation involved
was an interstate
one The hank.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
OIL OUTPUT DECLINES

WASHINGTON. Oct. 5.-August
crude oil production amounted TO
barrels, or 2.55o,O00 bar
rels daily. according to the bureau
Of mines. The yield was 1000 bar
rels daily under July end 100000 un-
der August. 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
MILK DISTRIBUTORS
PROFITS RULED HIGH
Pocket AL to S.34 Cents for Each
Quart Sold. AAA Says.
By United Press

By United Press
WASHINGTON, Oct. s. The
agricultural adjustment administra-
ton reported today that milk dis
tributorS in fifty cities pocket from
AL to s34 cents for every quart
sold at retail and delivered to
homes. Retail prices. it found,
ranged from cents a quart in half
a dozen midwestern communities to
Is cents in Miami. Fla.
The report was issued without
comment but AAA officials are
known to feel that most milk dis
tributing costs are too high and
should be scaled down. In many in
stances, they feel dairy farmers are
not receiving their fair proportion
of the ultimate consumers milk
money.
DR.. Fred C. Howe. consumers
counsel, said he hoped for more
competition in the milk distributing
business which would force down
the spreads
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
FRUITS AND VEGETABLES
CBy United Pressl

CHICAGO. Oct. 5.-Apples-Michigan;
Mcintosh bushels pa inch. si.40G l so.
TomatoeS-Ohio S-lb. baskets 3SG soc.
sweet Potatoes-Tennessee bushels. eoc a
81 Lettuce-California crates S225d 3.
BeanS-ulinois bushels green. 500 s5c.
Cabbage - Wisconsin crates. 50G6oc.
PepperS-IllinoiS bushels. asa 40c. Egg
plant-1llinoiS bushels 25c. Celery
Michigan crates. squares, 400 soc; fats.
rs SOC. Hulifiower-WeStern crates 81 10
alas. Michigan. 90cFsl25 Grapes
Michigan Concord y quarts. 25G Csc. 1
quarts. llGi3c. Cranberries Mas
sachuSetts Is bushels. 50 40H :. 90. Onion
Market t5o-lb- sacks. Michigan yellows.
S5G 75c; Idaho whites. slall0: Idaho vel
lows. I5a soc: Utah yelIows. 1850
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
BANK CLEARINGS LOWER
BY Times Special

NEW YORK, Oct. 5.-Bank clear
ings at twenty-five leading cities in
the week ended Wednesday amount
ed to s4,660, 1850. 900. against $4.8O7,-
as, 900 in the same 1888 week, de-
cline' Of 3 per cent, Dun & Brad
street, Inc. report.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Wall Street
nv RALPH MEMBERSHIP

NEW YORK, Oct. 5.-The fight
l. between the Brooklyn-Man-
haitian Transit Company and the
securities and exchange commission
over the question of whether bonds
of the company should have been
registered under the new securities
law before having been offered for
sale some months ago is proving
an interesting one. Not the least
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
IrOOQ q
Common and medium $1,000. 2
SHEEP AND LAMBS
Receipts. l.OoO

Lambs. 90-lbs. down. good ana
choice ....--..-........ 65o6 TOO
Common and medium ... ASA $50
90-l20 lbs. good and choice 004 2-50
Sheep
Il20-I5ol Good ana choice -. I.T507&
All weights common and
medium La q 1OV
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Construction Contracts Down.

Engineering and construction
contracts awarded in the week end
ed Oct. 3 totaled SIS ,356, 900, COM
pared with $26. 6O5,0 900 in the pre-
|ceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
. Other livestock
lBv United Pressl


600 including 5000 directs i''i moderately
sstiye Sc to ee higher than Fhhggrsd9g
SIS 100 iooi4o l6s 25%5 packing s sows,
and choice, $4.75q SIS; light weights, 16O-
dunn weights. 20O-25O lbs, good and
choice, s6.2O@6.45;, heavy weights ESQ
$50 lbs, good and choice $6.20@6.45;
Choice s7.25@5.75; Slaughter PISS. 100
GSttIeRefeipts 2GSS commercial sS0
government mostly steady with vealers
steady to weak; practically no weighty
b in run best ySagfS early
bid ..$7.s5 selected yealers s775@s to
small interests; bulk s65Og7; steers $50
goo lbs, good and choice. s5:75qaS Is; 300
IDOL 800 lbs. good and choice, s6.5oG
i952 s9ol go Ss good cannon an6 0h0G
good and choice, s5.25@S common and
medium, s2.75@5.25; cows good, So; 25@
5.25 common and medium. $265Q 325;
lyearlings excluded good beef. S3q3.75;
cutter common and medium, S2@3,25;
vealers. good and choice, s6.5o@8; medium.
snd feeder ep cattle anH steers 55Cio5o 6s
medium, S2.75M425 Sheep-Receipts,
1000 commercial. 1000 government; ma
tive lambs steady; early top s6,75 "a, small
killers; bulk bid $3.50; rangers held for
strong prices; initial bids lower; sheep
firm; feeding lambs steady.
FIT. WAYNE, Oct. 5-Hogs-steady; ESQ
300 lbs. s6:25; 2o0-250 lbs. $50; 10000
S. 15o-l6o 5 81 1sO1 S lD s47S 1891
lbs. s2.s5; roughs, s4.25: stays. S2.5O
Lambs $3.50; calves. So.
(By Times Specially
LOUISVILLE, Oct 5.-Cattle-Receipts,
450 run includes several loads southerns,
both stockers and killers and load or so
in feeder flesh; Salable supply slaughter
cattle moderate, mostly slow cleanup
trade al prices steady to weak as COM
pared with Thursday; sausage bulls, weak
to Csc lower; bulk. common to medium
grass steers and heifers, s3@4;5o; cutter
ter finished lightweights salable to around,
So; bulk beef cows S2.50@3; good kinds
eligible higher; low cutters and cutters,
S1.25@2.25: sausage bulls. mostly S2.85
S475M5.25; common to medium grade
down; desirable 5eArefoTdss stock CALVES,
ceipts. 500, including 275 stock calves;
vealers mostly soc higher: better grades,
s6.50G7; mediums. S550G6; palmer sorts,
SIS down Hogs-Receipts, 500; market,
l0c higher: top end bulk 200-25o lbs,
Sc: 20; 1so-ls5 lbs. s5;s5; 255 lbs. up: s57S;
1856 lbs. $685.; desirable sows, S.. Sheep
Receipts, 300; market. steady: bulk better
lambs, s6d6.25; choice kinds eligible high
er: bucks. mainly s5d SIS; light throw
outs, So So fat ewes, S1.5062: stock ewes.
mainly s6G7.50 a head.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quotations
from leading indianapolis coal dealers
A ascent carving charge per ton will be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

erS making Cne original OI1er1ng ana
the company say it was interstate
and therefore did not come under
the jurisdiction of the federal law.
The commission claims otherwise.
The bonds recently we're relisted
from the New York Stock Exchange.
The company'S claim is based on
the contention that the bonds were
sold orally and without the use of
the mails entirely within the con-
fines of New York state. The COM
mission is expected to require the
company to show, however, that at
the time of completion of sale all
ultimate owners were residents of
New York state.
MIR. KENNEDY is not presiding
Iva at the hearings because of his
personal interest in the affair. It
may be said, however, that he was
instrumental in no small measure in
instigating the hearings, and it is
to his credit that he is not allowing
personal interests to influence his
official actions.
Bankers in Wall Street are keenly
interested in the case. Their I'M
derwritings in the future will be
guided partially by the outcome. 1t
is fair to assume, however. that if
they feel the burden of proof of
location of owners is theirs, they are
likely to adopt the subterfuge of
local distribution in order to avoid
the expense and other features of
registration.
DESPITE the fact that Canada
~ has had no such banking diff
ficulties as we have had in this
country during the depression, the
Dominion is to have a central bank.
This was authorized by the last ses-
sion of parliament, and the public
is now being invited to subscribe to
its capital stock of $5,000,C00
Evidently the dominion has cir
cumvented the most dangerous fea-
ture of such an organization, viz,
the danger of granting excessive
credit for political reasons. 1t has
no direct contact with the public,
and its control over chartered banks
and over the currency of the coun-
try is designed to influence the gen.
eral price level and the trend of
business through manipulation of its
rediScount rate. Chartered banks
and their employees are prevented
from owning stock in the central
bank.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Divergent Acts by Z. S.
Seen BARGAINING Method
in SOUiet Trade ParleyS
Johnson Bill Forbade Loans to Nations in Default Allowed
Special Bank to Make Credits Cummings
Interpretation Barrier.

the Of
Is
Ameriea lbs in o
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Money and Exchange

INDIANAPOLIS STATEMENT
Clearings ....................s 50. ass. 000. 90
Debts OBSERVATION-DISCLOSURES. 6,378 900 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Treasury Statement
(By United Press)

WASHINGTON, Oct 5.-Government ex-
year to Oct 3, compared with the COR
responding period of the previous fiscal
year; ,. ,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05
Stock Studies

Nash is one of our leading auto
mobile manufacturers, producing
medium and lower priced cars.
Early this year Nash brought out
the new Lafayette" car, popular
in the lower priced field. Plants,
efficiently arranged, are located in
Kenosha and Racine, Wis.
FINANCIAL DATA
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

Dew elopm ents in
Trade and Industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-05

Latest Stock, Bond and
Commodity Quotations
Evening star., 1934-04-23
JEWISH CAMPAIGN
OPENS TOMORROW
125 Volunteer Workers Ready to
Aid in Three Weeks
Canvass.

Preparations for the opening of the
United Jewish Campaign tomorrow
night were nearing completion today
with more than 125 volunteer workers
already enrolled to aid in the three
weeks canvass for funds which will
start Wednesday morning.
Thousands of pieces of campaign
literature setting forth the urgency of
raising $4,000 in Washington this
year for the relief of German Jewish
refugees and Palestine reconstruction,
were sent out by drive headquarters
at the Jewish Community Center.
Selection of the important Special
Assignments Committee, which will go
after the larger contributions, was an
nounced today by Louis E. Spiegler,
drive director. Heading the commit
tee will be Edmund I. Kaufman and
Isidore Hershfield. The committee
roster follows
Rudolph B. Behrend, Mrs. Harry
Bernton. Mrs. Morris Cafritz. Bernard
Danzansky, Leopold v. Freudberg,
Mrs. Freudberg, Morris Garf1nkle,
Samuel A. Golden. Mrs. Charles A.
Goldsmith, Zalmen Henkin, Paul Him
melfarb, j. D. kaufman, Mrs. Alex
Kcplin, Harold H. Levi, L. J. Mazo
Mrs. Henry Oxenburg. DR.. Ivy A. Pelz-
man, M. D. Rosenberg. John M. Safer,
Mrs. Safer, DR.. Abram Simon, Morris
Simon, Joseph A. Wilmer. Mrs. Alex
ander Wolf and Mrs. William Ro-
sendorf.
The drive will officially open tomor-
row night with mass meeting at the
Jewish Center. at which Golda Meyer