davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

small part of those
in w a S h i n g t o n
thought the bank
ers meant little or
nothing by their
promises of coop
Grafton.
But it is begin
ming to look IS
though there was
an important meas
ure of sincerity On
both sides. The
most recent loan
figures show a de-
nidod OicklIO and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
If Initiation Comes?
Adverse Effects Are of Two Kinds, Immediate and
Final, With Difference Confused.

The following Review dis
mate
Initiation adversely affects bonds and all other obligations
bearing fixed rate of return But the adverse effects
Of two kinds immediate and final Confusion exists among
because of failure derentate between the two
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
Common Stocks Outlet

The investor who desired to main
tain his purchasing power and who
was willing to assume the risks at
tendant in equities, should in such
an event buy common stocks. The
investor who was content to suffer
some loss in purchasing power for
the sake of an assured dollar re-
turn should plan to return to high
grade bonds.
Naturally the possible extent of
initiation and the extent of the price
decline of high grade bonds would
have much to do with the decision.
At the present moment, We do not
anticipate further inflationary devel-
opmentS. But some slight posi-
bility exists. This means that indi-
vidual holders of high grade bonds
must hold themselves ready to act
quickly in order to avoid an imme-
date loss in market value This
recommendation holds true even
though the individual might be will
ing TO accept a final reduction in
purchasing power in order to avoid
the risks involved in equities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
FORECLOSURES GAIN

bN iMcS SptctNA
CHICAGO, Nov. 9-Real estate
foreclosures filed in Cook county
during october numbered 1912, in
volving property values Of $780,
S7e, the Builders Commercial
Agency reported today. This COM
pares with 963 and s9,S95, 2S7 in the
preceding month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
ARMOUR FIRM HEAD
TO BE NAMED SOON
Efforts to Learn Packing Concern
Successor Unavailing.
b. Times Special

b. Times Special
CHICAGO. Nov. 9.-Whether a
member of the Armour family again
Will head the packing firm of Ar
mour & Company probably will be
determined at the regular directors
meeting next Thursday. it was
learned today.
Efforts 10 ascertain the name Of
the successor TO the late T. G. Lee
as president OF the huge concern
have ben unavailng. but a name
frequently mentioned IS that Of
P. d. Armour. grandson Of the
founder.
Mr.. Armour returned as a director
OF the company at the last annual
meeting. after having withdrawn IS
vice-president and director in 1881.
when Mr.. Lee was selected 10 sue
coed the late 2. Edison White as the
active operating head OF the firm.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

The holder of a bond (Which
is not defaulted) loses nothing
in dollars, during the period
of imitation he receives the
stipulated number of dollars of in
terest; when the bond comes due,
he receives the stipulated number
Of dollars Of principal. His final loss
is not in dollars. but in purchasing
power.
Presuma bly, because Of the rise in
the price level accompanying infla-
ton, his dollars Of income and Of
principal will buy less than they did
before the period of initiation. The
bondholder, in fact, always loses in
purchasing power whenever there is
a general rise in the price level
whatever the cause.
Immediate Effect Cited
But there may also be an i'm
mediate effect TO bonds in a period
OF actual monetary imitation; de-
cline in their market price. Such
a decline IS the result of shift
of funds from bonds to domestic
equities and commodities or a shift
to other countries. In a period of
rising prices caused by increasing
business activity, there may be a
shift of funds.
But such a shift will be confined
domestically and will not be so far
reaching in effect. The reason for
the greater shift in the event of
initiation is that the extent of in
fation is difficult to gauge, whereas
natural economic forces limit any
general price rise.
1t is interesting to note the course
of French rentes from 1920 to 1880,
the period of French imitation and
of sterilization. A decline in rents
after the war to below half their
pre-war level reflected the shift in
funds as the result of fear and lack
of knowledge as to the extent of
initiation. This was the immediate
effect.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
AUBURN EXPORTS SOAR
October Total More Than Four
Times Greater Than Year Ago.

By Times Special
AUBURN, Ind, Nov. export
shipments of new 1885 Auburn mod
els for October were more than four
times greater than those of october,
1884, R. S. Wiley, export manager.
announced here today. The october
shipments were the largest in the
company's history, with the excep-
ton of October, 1929.
Mr.. Wiley also announced that the
company had appointed distributors
in five new markets in the last
week, Sydney. Australia; Macassar.
Celebes, D. E. l.; Sofia, Bulgaria:
Brussels, Belgium, and Madras,
India.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
SILVER MONEY AT PEAK
Additional $50. 420.I5I Distributed TO
Public in October.
81 Tiass Special

WASHINGTON. Nov. s.-New
silver money climbed 70 a new peak
Of ss2s .463s33 as OF Oct. so. fol-
lowing the distribution Of an add
tional s30420.I5I last month. the
treasury department disclosed to-
day.
AT the same time il was revealed
that receipts Of silver under the pa
. tionalization program during the
week ended Nov. ? were 7.l57,27s
ounces. bringing the total since
AUG. 10 los ,226, 40 ounces.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
MIDDLE ROAD
POLICY SEEN
ADOPTED SOON
Roper Statement Is First
From Administration
Since Election.
BY RICHARD l.. GRIDLEH
United Press stan CorresDonoent

WASHINGTON. Nov. Am I'M
portant administration statement
coming Immediately after the sweep
ing Democratic victory. strengthened
belief today that President Roose-
welt hopes 10 pursue successfully a
middle Of the road" policy IN the
recovery fight.
Secretary Of Commerce Daniel Z
Roper. in the first administration
expression Of policy following the
election. emphasized that no sudden
turn 10 left or 10 right as regards
monetary and other recovery mat
tiers was contemplated.
Evidence that the administration
would be able to hold congress TO
its program was seen despite the
election Of many inflationists ana
other monetary experimentallsts.
The new congress will present con-
siderably larger bloc Of straight
New Deal advocates. This group
could be counted on TO support Pres
ident Roosevelt strongly in econom-
ic matters.
Cites Fundamental Policies
Many observers believed the Roper
announcement and the congress
sionaI analysis meant that the
middle of the road policy would
meet no serious obstacle providing
bushes continues its slow upturn
through the winter.
Among Secretary ROper's state
ments we're expressions:
Defending the right 70 strike put
maintaining at the same time the
right 10 work without moleStatlon.
That consolidation Of gains in the
recovery fight must come before re-
naming problems are attacked.
That equalization Of prices and
elimination of disparities is sought
rather than a rise of all prices.
Pointing out the dual nature OF
the Presidents program, including
emergency relief with recovery and
secondly. fundamental reforms.
Emphasizing that emergency
activities will be reduced as rapidly
as normal bushes revives.
That the government is bound TO
encourage business profits for It's
own financial salvation so that the
recovery debts can be paid OH
gradually through taxes.
No Danger of Dictatorship
''Unhesitatingly," Mr.. Roper said,
Il state that We are not going TO
have a dictatorship TO the left nor
an autocracy TO The right. The
immediate future should record re-
turn of caring for the unemployed
TO the states and local committees.
"InflationiSts and silverltes were
not believed strong enough for ma
ior disruption in the administration
policy. although a few concessions
might be made.
The soldier bonus issue IS not
expected 10 make more progress than
currency initiation. Because of the
strong position of President ROose-
welt. it was not believed his hand
could be forced.
The apparent inability OF the gov
ernment's silver program TO promote
rising commodity prices likely will DO
used as a strong argument against
further rehabilitation of silver.
Moreover. some government econ
omists are satisfied that potential
credit and monetary initiation steps
already taken are more than suffi-
cient to promote recovery once con-
fidence Of the business man is re-
stored. They are equally sure that
should initiation take hold" they
have sufficient powers to control it.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
SURPLUS CARS HIGHER
Increase of ATS Cars Shown in Two
Weeks Ended Oct Ia.

WASHINGTON, Nov. e.-ClaSs l
railroads on Oct. Il had $4,000
surplus freight cars in good repair
and immediately available for serv-
ice, an increase Of 2175 over the
Sept. 80 total. according 10 the As
ISOLATION Of American Railroads.
Reports also showed S5ll surplus
stock cars. a rise OF 1889 compared
with Sept 80. while surplus refrig-
orator cars totaled 6,532, a decrease
OF 6eI for the, same period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
INTEREST RATE PARED

OSHKOSH, Wis, Nov. 9.-Efec-
i've Dec. l. members Of the Oshkosh
Clearing House Association will re-
duce the interest paid on deposits
from 2la 70 2 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
STEEL INGOT OUTPUT
UP FOR TEN MONTHS
Volume 21.5S0.S94 Tons Against
Is.Z74.2S4 Last Year.

81 irtcs SPECIAL
NEW YORK. Nov 9.-Productinn
OF steel ingots throughout the eoun-
try IN the first ten months OF the
year was 2l.730. S94 tons. or S3.57S
tons daily with operations at 1896
per cent OF capacity. against 1924
2S4 tons. or 74.4iS tons daily with
operations al 34-23 per cent. in the
corresponding period last year. the
American Iron and Steel Institute
estimated today.
October output OF al companies
aggregated I.46l e32 tons. oontrasted
with ISL. $50 tons in September
and 2.0S4.s94 tons in October. 1888
The rate Of production last month
was 2459 per cent. the highest rate
since July.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
Other livestock


Fl. WAYNE. Nov. 9.--Hogs-15c higher;
225 lbs s655 10000 lbs SIS 40: l60-l60
lbs s5l5 SOO-35O lbs. SIS 40; l5Ol60 lbs,
Sass: l4o-l5o lbs. s4.40; l30-l40 lbs,
So 90: i20-l30 lbs. So 40; l00-l20 lbs, 50 co.;
roughs, s4.75; stays, So. Calves. 81; lambs
s6.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
FRUITS AND VEGETABLES

CHICAGO. Nov. 9.-AppleS-Aioniea n
Mcintosh. hushel. 212-incn, sl.oVI =
JonathanS. 81 .25N l.o0. sweet po.at9esSe
Tennessee. bushels. 65c' ullnols. - z 80 -
Lettuce-California. crates. SlzS y : ~.
Peppers-Illinois bushels. 4od 75e. Celery
Michigan. square crates. 5od Sc mats.
30 Q soc. Oregon-CaullnoVe ,cFsles'
81 IS. rries-MaSsachusetts. = bar
rels S350G375 Spinach-MisSour
bushels. asa soc Carrots-ulinois. ouSnelS.
z07 Soc Celery-Cabbage. Michigan, nat
crates. asa soc: few. 40c. Beets-Ilinols
and Indiana, punches fc. OnionS-1lI-
NOS. gyesn punches. 5Gsc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
CENAToR FLETCHER's predic-

CENATOR FLETCHER predic-
> ton is likely to prove most re-
assuring to the financial and bust
ness world. 1t is extremely difficult
for bankers to make loans or for
business people to borrow with any
certainty of being able to make re-
PAYMENTS if they have more than
the normal business risks with which
to contend. Changes of any kind
always tend to interfere with the
smooth performance of trade, so,
while reforms occasionally become
necessary, they should not be in
dulged in merely because somebody
gets a bright idea.
The fact that the promises Of CO.
operation between the bankers and
the administration do seem TO have
been made in good faith should be
encouraging. Developments of late
indicate that business is ready to go
ahead, but it is important that as
many obstacles as possible be elm
ated so that its progress may be
helped and not hindered.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
Treasury Statement


WASHINGTON. Nov. 9.-Government ex-
penses and receipts for the current fiscal
responding period of the previous fiscal
year:
This Year Last Year
Expenses 50. 496. 632. 9l0.95 $15420i5. 62i 80
Receipts . 1913. 4e6 $50 80 1.03l.746 1858 90
Deficit 80. LIT 1875. 951.06 $40 268. $50. 80
Cash bal 1.713 929, 203.31 ................
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

City grain elevators are paying SO cents
for Nc. soft red wheat. Other grades
on their merits. Cash corn No. yellow
II cents. and oats .43 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
NeO York Curb
lBy Abbott. Proctor & Painel.
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quotations
from leading Indianapolis coal dealers.
A ascent carrying charge per ton will be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
Money and Exchange

INDIANAPOLIS STATEMENT
Clearings ACKNOWLEDGEMENTS 2S5, 900 90
DeDltS i,O4O,UOU.UU
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09
CBy Times speciall

50 50G4: roughs. s525 down: calves. tol
Sc So lamb market. steady. S6.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

Senator Duncan u. Fletcher, chair
man on the senate banking commit
tee. has said that any movement IN
the next congress for drastic bank
ing reform would be likely to COL
lapse.
incidents such as these are quite
convincing to your correspondent.
The President has not told the
bankers that they are a great punch
of fellows, and the bankers have
not opened their vaults to all those
who would borrow money in the m
terest of recovery, but that is hardly
to be expected or desired. II Mr..
Roosevelt were suddenly to treat all
bankers like long lost prodigal sons,
and if the bankers were to lit all
loan restrictions, the man IN the
street might we'll wonder whether
the entire country had not become
topSy-turVy.
TN view of the fact, however, that
4 a full measure of banking reform
has been achieved, Mr.. Roosevelt
can we'll afford to ease the pressure
on the people in that branch OF
business. And, by the same token,
now that most Of the weak spots
caused by the depression have been
eliminated and business seems to be
on the mend the bankers can easily
loosen up on their loan restrictions
without running undue risk.
Certainly there is nothing to be
gained by keeping the bankers on
the spot continuously or by applying
over-rigid loan restrictions. Most
people have adjusted their affairs to
the changed business conditions, and
the causes of the depression have
been corrected about as well as 1t IS
possible to correct them, so it would
seem that the sensible thing to DO
would be to cooperate to the fullest
extent in getting the wheels OF bust
ness turning again.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

Latest Stock, Bond and
Commodity Quotations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-09

D " elopm ents in
Trade and Industry
The Waterbury Democrat., 1934-01-06
Eddie Cantor and Goldwyn Girls
 in Roman Scdndals.
At the Palace starring today for four days
LILLIAN HARVEY IN
 LYRIC ATTRACTION
My Lips Betray' Heads Double Feature on Sun=
 day Bill

Lillian Harvey, internationally known screen star, comes to the Lyric theater on, Sunday in My Lips Betray," her new production under the Fox banner. The pie ture is scheduled for a special en- gagement of two days.
 In My Lips Betray," the dimin- utive star is said to have her ideal role. She is known throughout the world for her versatility as all actress of note, and dancer and singer of unique ability. This Fox film, like My Weakness" gives her splendid opportunities for the perfect display of all her talents.
 Her leading man is John Boles, who was personally selected by her. She had seen him in some of his roles and was attracted by his fine voice and his attractive personal ity. Others in the cast are El Brendel, Irene Brown, Maude Eburne, Henry Stephenson and Herman Bing.
 The story of My Lips Betray" concerns the adventures of a young singer who becomes the kings fa- vorite through a mistake of his tipsy chauffeur. Much against her better judgment she is forced to accept the situation or arouse the condemnation of everyone. When the king finally decides to see his favorite for himself, he really falls in love with her and, to great extent, vice versa.
 The co-feature is Tim Mccoy in "Straightaway'' which appears for the first time in Waterbury.
The Waterbury Democrat., 1934-01-06
ALHAMBRA OFFERS
 DOUBLE FEATURE
My Lips Betray" and "HOld the Press Top
 Sunday Program

Lillian Harvey starts an engage ments at the Alhambra theater Sunday in My Lips Betray," her second production for Fox Film. In this picture, specially adapted to her versatile talents. she has John Boles as her leading man.
 The story is laid in strange and mythical setting, and the principal characters are romantic king and a charming cabaret en- tertainer. Through an error per- petrated by the royal, if tipsy, chauffeur, rumors begin flying about that this young girl who is on the verge of being evicted by her landlady for non-payment of rent is really the kings favorite. Things change with amazing ra- padity. Instead of being pover- ty-stricken entertainer, the girl becomes the center of everyone's attention. She is dine dand wined and feted and decorated and en- tirely against her will, is forced into accepting the situation. She must play the part if only to keep the people around her happy. The king finally hears about the rumor and decides to investigate for himself. He goes to see the young woman who is supposed to be his favorite and put a stop to her ruse. But he finds a girl who captivates him completely and makes him fall victim to her in- domitable charm. He finally de- cides' to let rumor and romance take their courses.
 The companionate feature is T. i'm Mccoy in Hold the Press," a story of a newspaper fighting against crime.
The Waterbury Democrat., 1934-01-06
Hollywood Ne1gS And GOsSib

| Brendel,. who has made himself famous through the Swedish char acters he has been portraying on the screen, is going to take several months vacation and visit Sweden, so that he can learn how to speak the language. All he knows now is the accent.
 
 Pollyanna fin Hollywood
 And while on the subject of dis coveries, here's one I made about Sarah Padden.- She probably is theonly person in thefilm colony who thinks that the movies are a grand business and that there's nothing wrong with them. That may lbe one of the reasons for her success.
 Ie She just goes along looking on the bright side of everything, doesn't complain about anything, and jumpc from one job to another with very few rest periods between. Another of her assets is her ability to assume any kind of an accent desired, upon 24 hours mo- tice.
The Waterbury Democrat., 1934-01-06
BROADWAY AFTER
 THE HUMAN SIDE
Christine Ames' Drama Set
 for Early Production la By Universal

Carl Laemmle, Jr. has announced the purchase of The Human Side" the play by Christine Ames. Ever since he saw a performance of this play in Los Angeles, Laem- mle, Jr. has been anxious to ac- quire 1t for production by Univer- sal. Last week terms suitable to both the author and Universal were arranged and the formal signing of contract was attended to.
 ! With the purchase of "The Hu- man Side," Laemmle, Jr. has drawn a step nearer the compile ton of production plans for the re- aminder of the year. Before he leaves for Europe next week on 1ong.defered vacation, he expects to have selected all of the story material to be used in the balance of the thirty-six pictures which Universal will produce during the next six months.
 At the present time it has not been decided whether "The Human Side" will be made at Universal City or in New York. The advan- tages of using eastern studios for fhe production of films based on plays has been illustrated in con- nection with previous Universal pictures. Laemmle, Jr. has in mind several Broadway actors and ac- dresses for parts in "The Human Side," and for this reason may shift production to New York, where these players will be more readily available. Tn any event, the story is scheduled to go before the cameras on February nth for re- lease in. April.
The Waterbury Democrat., 1934-01-06
STATE TO OFFER
 THREE-FOLD SHOW
Design for Living" Tops Program Starting This
 Afternoon

A triple-treat program awaits | patrons of Warmers State today to Tuesday night which provides smart, interesting and top ace en- tertainment. When seven accom- ] plished artists collaborate on a
 motion picture the result ought to | be gratifying, and it is, as revealed in Paramounts Design for Liv- ing" now headlining the States | program. The seven who contributed their great skill, enthusiasm and so- phistication to the comedy drama are Fredric March, Gary Cooper, Miriam Hopkins, Edward Everett Horton, Director Ernest Lubitsch, Noel Coward, the playwright, and Ben Hecht, who transcribed the play for the screen.
 Adroitly conceived, brilliantly directed and acted with verve and understanding, "Design for Liv- ing," opens a new broad field of screen literature, and it may be predicted that here is plot that will be copied extensively as the next film cycle.
 The story is unique and absorb ing. An American girl falls in with two young musketeers of art in the Paris Latin quarter. The men are lifelong friends. A strange love affair Is inevitable, and the principals resign them- selves to whatever joys, jealousies and agonies may result from a three -cornered love.
 But she crosses them both up by marrying a third man who off, fers her his heart and name. He, unfortunately Is too obsessed by his affairs to give her the love she needs, and when she realizes her mistake, she leaves her husband for her two musketeers.
 No Jack-in-the-box surprises were ever applied more adroitly to motion pictures plot than those uncorked by the two-timing three- some in Design for Living" And the climax is laughing bomb- shell, as anyone might expect of an Ernest Lubitsch-Ben Hecht adaptation.
 After all his undue misgivings for turning his masterpiece over for motion picture entertainment, playwright Coward may now rest easily. For Paramount's offering matches in every particular the brilliance of the Broadway play. Also included on this triple treat bill," is Bing Crosby in his
 latest offering titled Please" and
 Frank McHugh, making his debut as a new star, in Not Tonight Josephine" The program also in-
 cludes latest world news events,
 cartoon and other featurettes
 Wednesday brings another great
 double feature bill to include "The
 Son of Kong" and Easy to Love-