davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
Girl, IL, Fatally Injured

By Unitcd Press
ROCHESTER, Ind, May 12.-In-
juries received when the car which
her father was driving hit utility
pole Thursday were fatal to Jean
cite Wisely. II, here last night. She
suffered a fractured skull.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
Steel Mills Near 4-Year Peak
By United Press

By United Press
YOUNGSTOWN, O., May 12.-
Steel mills in the Youngstown dis
trict next week will have reached
the peak production of the last four
years, 81 per cent of capacity, at
tanned last summer, schedule showed
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
Bombing of Cities Looms
in Fierce Gran ChacO War
Poison Gas Attacks, Executions Threatened as Struggle
Reaches Horror Proportions.
(Copvright. 1884. by United P

by
Paraguay
the World
Arplane bombing of defense cities of poison and
threatened contendng
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
MURDER CHARGE FACES
FIT. WAYNE WIDOW, "a

huHIIto UIoUIIIIIS MAUI UIICt odJ
duplicates Man, 81.
By United Press
FIT. WAYNE, Ind, May u -
Claimed by police to have admitted
poisoning her husband, Urban
Schmitt, 81, last March, Louise
Schmitt, "a, the widow, and c rles
Howenstein, 81, whom she n. IL
Gated, were held here today on
charges of first degree murder.
Mr.. Schmitt was reported to have
died natural death after a short
violent illness. An autopsy was
concluded today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
HOOSIER Is NAMED AS
AAA CATTLE ADVISER
Morris Douglas of Flat Rock One
of 25 Appointed.

WASHINGTON. May 12.-Morris
Douglas. Flat Rock. Ind, has been
named as one of twenty-five rep
resentatives of the cattle producing
industry to work with AAA on an
adjustment program to benefit beef
producers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
GIRLS TO
ENTERTAIN MOTHERS

Seniors to Play Hosts at Party in
School Monday.
The Westinghouse, senior girls
honor organization at Washington
high school will entertain their
mothers at a reception and musical
program in the school gymnasium
Monday afternoon -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
CITY BANK EXPANSION
is APPROVED BY u. S.
Merchants National Branch Al
Thirty eighth Street o. X.
BIZ Times Special

BIZ Times Special
WASHINGTON, May 12.-An-
nouncement of the approval on May
8. of a branch Of the Merchants
National bank of Indianapolis to be
located at the southwest corner of
Thirty-eighth and Salem streets
was made here today by the Office
OF the comptroller of currency in
the treasury department.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
PORKERS AGAIN
ARE IRREGULAR
Cattle, VeaIS Hold Steady;
Lambs Unchanged at
S6.75 Down.

A two-Way trading range featured
dealings in the pork market at
the local stockyards this morning.
The general run was steady to Is
cents higher than yesterday, while
few light grades moved around 5
cents lower.
The bulk, 100 to 200 pounds, was
selling at S495 to $500, while grades
scaling from 200 to $50 pounds,
brought $3.50 to $3.50. Some choice
classes were reported salable at
$50.
In the small classes, slaughter
pigs, weighing $50 to 100 pounds
cashed in at $3.50 to $465, while
others ranging from 100 to 100
pounds, sold at $2.65 to S3.65. Pack
ing sows held at $425 to S.. Re-
ceipts we're estimated at 1000; hold
overs, 1T.
With only little action displayed
in the cattle market, prices generally
we're steady at the previous close.
Few steers brought $425 to Sc. At
tractive grades we're absent. Re
ceiptS were 700. Vealers again re-
sumed a steady trading range, SELL
ing at ST down. Receipts numbered
600.
Initial trading continued dull and
scarce in the lamb market, with
practically all prices around yes
terday's average. Most kinds were
selling at $3.50 down. Few better
grades brought $675. Bucks were 81
less, while throwouts ranged from
$3.50 to S.. Receipts were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. lie: Leghorn hens, 7c; colored
sprinEers. &c; old ROSTERS, Sc: ducks. SC;
i5c: No. / strictly fresh country run eggs
loss of 24c Each full case must weigh
S. lbs. gross. a deduction Of 10c a pound
Butter-No. l. 30q Bic. Butterfat-25c
Quoted by the Wadley Company.
by United Press
CHICAGO. oct. 3i.-Eggs Market,
steady. receipts 1.07l cases. extra frsts
27ise. current receipts. 25Q Csc; dirties No.
j. zoe. No. . iSc; checks No. /. l6izc. No.
q 15c. Butter-Market. steady: receipts
SI5S tubs; extras 30 'scorel, 26hc; hrsts
$780, scOrel, 24l "a 25'4c. seconds So
Siia soorels 23l &C.; specials; 2sa4 2sl4ci
receipts ~ trucks, two cars due; geese,
lie. turkeys. lid l6c, old ROSTERS. 10 &C,
ducks. heavy white. l5o; springers. heavy
Rock. l6isc: hens, heavy. l6c guinea hens.
doz. $50 z, light oolored springers. l5e.
Cheese--Twins. 1sGI3isc; daisies. iSl2G
supply liberal. demand and trading mod
crate. market. firm. Wisconsin Round
Whites 1885 cents one car flne quality.
car fair quality. 81 IS. United states No. 2.
81 20 combination grade 81 81 : a 30:
Colorado MoClures s1706lso. combination
grade Sl.35. oregon Russets No. 2 100;
round whites, 77'sas2 &C. Arrivals ia, on
track rs. shipments 65l.
CLEVELAND. Oct l-Butter-Msrket,
Arm. extras. SIC: standards, 31izc. Eggs
Market, flrm; extra white, 33c; current re-
colored Az lbs. and up. &c; ducks light.
lie; geese heavy fat, lac; geese ordinary,
l-ct turkeys young, l9 G20c. old hens. II
b l6c. Potatoes--Maine, SOLOS per 100
lo bag. Pennsylvania. soc a i00-lb. bag;
Ohio best mostly 75c a lO0-lb. bag: Michi-
san. IS 90c a l00-lb. BAG.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
STOCKS MOVE
NARROWLY ON
LIGHT VOLUME
Majority of Issues Are
Above Previous Close
at Midday.

BIZ United Prcss
NEW YORK. Oct. 31.-stocks
with few exceptions. moved in a
fractional area during the first two
hours Of trading on the Stock Ex-
change today with volume small
Around noon a majority registered
small gains.
Exceptions to the fractional
movements we're Amerada at 42iz,
up 2. Corn Products Refining 6394
up IL: Spiegel. May. Stern 6lia,
up 81: United Fruit 1914, up "a,
and New York Steam per cent
preferred s0iz, of az.
Steel common around noon was
at 81, up y; American Can 1907,
up u; American Telephone 1l0h,
up 5s; Case ass, up 5s; New York
Central 21is. up Z, and Johns Man
vile 49,. up 3.
Gillette continued to lead in ac-
tivity. It reached a new top for the
year at IA, up y while the preferred
reached 81, up "a, for the first time
this year. Pierce Arrow continued
TO be heavily traded at new rec
ord low of q, of 4 point.
Oils were somewhat more active
and firmer. Rails and utilities held
firm. Gold shares eased slightly.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
MISS PERKINS
VISIONS SLASH
IN IDLE TOTAL
Rise in Employment Held
Contingent on Trend
of Business.


GREENCASTLE, Ind, Oct. 81
Miss Frances Perkins, secretary of
labor, predicted an appreciate de-
crease in unemployment by winter
if business continues its upward
trend, when interviewed last night
at De Paw university. Admitting
she was delving into the "unpre-
dictable" in attempting winters
labor forecast, the cabinet lady de-
clared that employment now is SO
per cent above the winter of two
years ago and shows signs of Spurt-
ing further ahead with the coming
of seasonal stimulation.
"Charting our employment curve
today, We find it is characteristic
of a recovery period" Miss Perkins
atteSted. Employment charts show
a high upward trend, followed by
a slight dip as business hits its
summer slump, and now the curve
FORCES steadily upward again"
Business is better along many in
dustrial trades, in consumption
goods, transportation ana NgnC In
dustries. In heavy industries, bust
ness still remains sluggish, Miss
Perkins said.
Extension of the federal emer-
gency relief administration this win.
ter will alleviate the unemployment
situation, the cabinet member con-
hded. She frankly declared that no
system Of unemployment relief in
surance can be launched before next
July, at the earliest, as succor for
the nations jobless.
Pointing out that people spend
more money for enjoyment and
pleasure when they have spare time,
Miss Perkins declared that with
shorter hours will come stimulation
of many industries and creation Of
additional ones to supply new needs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
WHEAT STARTS OFF
ON ALIEN EASINESS
Chicago Values React to
Situation Abroad.
Bu United Press

By United Press
CHICAGO, Oct. 31.-Action of for
eign markets continued to dominate
sentiment on the Board of Trade to-
day. World terminals cabled of
easiness in grain prices and values
here turned slightly lower.
Wheat started a to z cent lower,
corn was unchanged to % cent off,
oats were off 4 to % cent, and rye
was 4 cent lower to 4 cent higher.
Broomhall said Liverpool opened
lower on renewed liquidation influ-
enced by freer offers of French
wheat and favorable conditions in
the Pampas and Buenos Aires prov
inces of the Argentine. Buenos
Aires and Rotterdam also held lower.
Commission houses led a mild
selling wave in the local wheat pit
at the start.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
On Commission ROW

Quotations below are average wholesale
prices being offered 10 buyers by local
commission dealers
FRUITs-Cranberrie Cape Cod, early
blacks. 25-lb box SO. Grapes. Michiga n
Emperors. 27-lb. box, 81 Crabapples.
Michigan hyslops bushel si.55, Persim-
mons Indiana. II ats, 90c. Pears. New
York Bartlets bushel. s.. So Avacados,
box $3.50. Ounces, buShel. 50. Bananas.
pound. SC: pineapples. crate. s.; size 80.
Apples. maiden blush. 81 so; northern spys.
ST IS; Indiana jonathans. sl.s5; grimes
golden, Sl.50ql IS. MELONS. California
honey deWs. s2.25.
VEGETABLES-Cab Northern Dan
ish 50-lb. bag. SOC; red. pound, &c.
bag 81 40; Michigan. yellow. Sl.l5; white.
DO. bag. si.75. Potatoes New Jersey Cob
white. 100-lb. bag 81: Ohios 100-lb. bag,
81 55. Idaho Russets. l00-lb bag. 50. Sweet
potatoes. Indiana Jerseys, bushel. 1.50;
Indiana Nancy Halls. bushel 81. Beans.
round stringleSs. bushel. Sis. BeetS,
dozen. zoe. Carrots homegrown, dozen,
35c. CaulifiOwer. crate. 81. 70. Celery.
Michigan. medium. dozen. 40c; jumbo.
dozen. Csc; hearts, bunch, 90c. Cucum5ers.
dollhouse. dozen. 1.25. Endive; dozen. 40c.
hushel soc Lettuce. outdoor. l5-lb. bas-
kct 60c Mangos. bushel, 85c. Mint.
dozen. soc. Parsley dozen. 35c. Peas
broadleaf. bushel Soc Radishes, dozen.
soc. Tomatoes. outdoor, 12-lb. basket; 45c;
bushel 81 so. Turnips. home grown. dozen.
2Cc' pumpkins. dozen. Sl.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
BUSINESS FAILURES
IN NATION INCREASE
Insolvencies for Week Ended Oct.
SIS, Total 225, Say Dun & Bradstreet.

Insolvencies for Week Ended Oct.
SIS, Total DIS, Say Dun & Bradstreet.
By Times Special
NEW YORK. oct. 31.-The num-
Der Of bushes failure in the United
States during the wek ended Oct.
. was 225, according to Dun q
Bradstreet. Inc. This compares with
PA for the preceding week. and
go for the corresponding week last
year.
The above record covers the last
two weeks Of october. There was a
substantial reduction for both weeks
IN comparison with the correspond
ing weeks Of 1888, of nearly IS
per cent. For the first two weeks
Of the month. failures we're much
more numerous. and for the second
week there was an increase over a
year ago for the first time in more
than a year.
There we're thirty-two insolvencies
IN the Dominion Of Canada. A week
ago the total was thirty-seven and
last year twenIy-six.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
BANK LOANS PAID OFF
Irving Trust Co., Receivers for r
Hoe g. Co., File Final Report.

By Times NpecldI
NEW YORK, Oct. 31-The Irv-
ing Trust Company, making its final
report as receiver of the business Of
R. Hoe 81 Co., for which reorgani-
zation plans have been flied, has
disclosed that under its adninistra-
tons bank loans of $1,864,868 had
been paid off in addition to bal
ance of S250,000 receivers loan, while
several cases of litigation pending
at the start of the receivership have
been close successfully. The COM
panys untitled orders, as of Sept. 26,
of 81 ,566,635 compare withS$1, 197,-
9O8 at the start of the receivership.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
FRUITS AND VEGETABLES
tBv United PreSs1

CHICAGO. Oct. Sl-Apple-M Michigan
Mcintosh. bushels. 2ls-ineh. SIS; iona
crates. Si.75G250 Representatives, bush
els. 4oG65c Celery--Michigan crates
fi5wer@crstes. soeGs1 To- 10: Michigan. 81.
rapes-MichiEan concord. Pot. SO a SIC:
New YORK, 4sG55c Cranherries-Massa-
soc. Illinois 25G4oc Carrots-Illinois
bushels 80 soc. punches, 1Gl Csc. Celery
-CabbaE e-Michigan fat crates. SSG soc.
Eeets-Tunois and Indiana punches. 2aI
Ic Green cnions-Iuinois punches. ga &c.
Onion market (S0-lb. ssokSl-Nfichigsn
vtliows $50 qOo: Michigan whites. SlI5G
l25. Western yellows. coo Gsl; Illinois
ycliows. 50E soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
ASSETS GAIN REPORTED

Total assets of Quarterly Income
Shares, Inc, as of Oct. Is, were $28,-
468, 553.36, with investments shown
at cost of S27 ,498, 9O435, according
to the annual statement Certified
by independent auditors) being
mailed to stockholders Nov. l. This
compares with total assets Of S14,-
810,542 as of Oct. Is, 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
WHOLESALE TRADE UP
IN NEW YORK DISTRICT
September Sales Averaged Per
Cent Ahead of Year Ago.

By Times Special
NEW YORK. Oct. 31-Sales of
wholesale establishments in Sep
TENDER averaged 5 per cent ahead
OF the corresponding month last
year, according TO the Federal Re-
serve bank of New York. At the
same time department store sales
rose per cent.
The gain in wholesale volume was
slightly under the year-to-year in
crease for August. Gains were ap-
parent in groceries, mems clothing,
drugs and hardware, but, excluding
liquor sales, groceries were 3 per
cent under a year ago.
Declines were recorded by sta
tionery and Jewelry firms. Sales of
cotton and silk goods also were
smaller.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
BUYS MEXICAN SILVER
U. S. Treasury Purchases Direct
From Government.
By Times Special

WASHINGTON, Oct. 81. The
United States treasury has been
buying silver directly from the
Mexican government, Secretary
Morgenthau has disclosed.
The secretary did not disclose
how much had been, or would be,
obtained by that means. He said
that purchases elsewhere in the
world were being made in the open
market.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
RAIL LOAN APPROVED

WASHINGTON, Oct. 3l.-Ihe
interstate commerce commission to-
day approved an application for
Reconstruction Finance Corporation
three-year loan of s833,575 to the
Litchfield and Madison Railway
Company to be applied toward pay
ment Of bonds maturing Nov. !.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
Other livestock
(BY United Press

oo Chicago; Oct, S3II.15Hogs-Receipts, 20,
10 cents higher. than tuesdays average;
sash S 'P pgs teady 92OsS6 en1S lbs e s555
SIS, top. s5,75: some held higher no.
sows. s5d5.s5; light i 2Hf 1876 lbs.
good and choice S4a5; light weight. 160-
22Q lbs; good an ID ch6 sd s465@ $50; me-
lbs. GOOD and choice. S. oG575: packing
s9ys 22959 lbs MEDIUM 6ig. snd CHOICE
good and choice. .s275G Cattle-Re
&c. 900 commercial. 500 government; ca -.
steer run: hardly enough done to make q
market; few early sales better grade fed
steers and yearlings fully steady. but mar
ss55; sprinkling' sS'25 30; big bulk Of
STEADY. but general neral A MARKET very little
light: slaughter cattle. and vealers, steers,
So0 0T ss 5000 S6od ana and shS SB6ce
i.Ioo-l 800 lbs. good, and choice. SEQ IS;
1901 500 lbs, good and choice, Sc 500
81. 56G6.5o; heifers. 55o-750 lbs. good and
choice. S5Gs: common and medium, s2.75
Gs2S; eows' gS9S g 25g a. 80 eommo o9
Guided good beef S 55a4; cutter. com;
Gull and common. s3.50a so: stocker and
5f s5 cb sae e5S soSo sSd g09d
dium, S2.5oG4. Sheep-Receipts. 10000
largely a killer run: indications fully
stesdv; asking higher: bidding. s6.75 on
natives; best held well above s6s5: sheep.
firm; feeding lambs steady: early bulk
white faces $3.50 downward; slaughter
sheep and lambs. lambs, 90 lbs. down. Sc. IS
= SIS; common and medium, $3.50 {. IS
ewes. eo-l50 lbs. good and choice 81 s5G
: so; all weights. common and medium,
sl.50GIs0: feeding lambs. 5o-75 lbs. good
and choice. $3.50 $40.
FORT WAYNE. Oct. 3I-Hogs-stsady TO
isc hig ne s2So1soo rs $50 s22S-2so lbs
lso-lso lbs, Sass; Soo-sso lbs, S.; l5o-
lac lac lbs i9s ssss l2o 1850 lbs
lbs. sass; roughs, $50: stays. S2.75.
Calves-s7, lambs. s6.25.
LAFAYETTE, Oct si.-Msrket. steady
70 i5c higher: 2SO-soo lbs s5.45d5 so: 30
$50 lbs, $50: IS; lso-3lo lts-.. IS q $ ia:
z $50. pigs. S4i5 down. roughs s475
down; roughs. ss.75 down. Calves. steady,
50 down; lambs steady. S. down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
8 BANKS LIQUIDATED
By United Press

Dt CHtttu fSoo
WASHINGTON, Oct. 31.-Volun-
tary liquidation of eight national
banks with capitalization Of $780,
600 was announced today by the
controller of the currency's Office
The largest bank listed was the Cal
casieu National bank of Lake
Charles, La, with capitalization OF
81 100000, which is to be replaced
by another institution.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
SHIPMENTS UP SHARPLY
BIZ Times Specia

DETROIT, Mich, Oct. 81
Leonard Refrigerator Company
shipments to customers during the
fiscal year ended Sept. 80 we're 40
per cent ahead Of shipments for the
previous fiscal year, and so per cent
greater than 1882 sales. it was an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
SILVER POLICY
HELD IMPEDING
CHINA OUTLOOK
U. S. Program Seen as
Cause of Current DefIa-
ton in China.
By Times Special

By Times Special
NEW YORK, Oct. 31.-The silver
purchasing program of the United
States has been responsible for
China currently experiencing a
period of defation which is having
an adverse effect on economic con-
ditions in the country, the Alex
ander Hamilton Institute declared
today.
The Chinese government is greatly
concerned over the silver purchases
and has communicated with the
American government to this effect,
the institute says. In the meantime,
however, China has realized that no
immediate measures would be taken
to relieve the situation and on Oct.
IA imposed an export tax on silver
of 10 per cent, less "a per cent for
minting charges on silver dollars
and mint bars.
Move Is Interpreted
THE imposition of an export tax
on silver by China" the institute
continues, technically means the
abandonment of the free silver
standard because the essence of the
silver standard is the free redemp-
ton of paper money in silver and
the maintenance of a free silver
market.
Since the imposition of the ex-
port tax, there is no longer an I'M
restricted market for silver in
China.
The first effect of the silver pur-
chase act of the United States,
therefore, was to force the largest
silver using country in the world to
modify its standard in order to pro-
tect its currency from appreciation,
to prevent a sharp drop decrease in
prices, and to check the large out
flow of silver.
Tax Temporary Move
However, the export tax is at
best a temporary measure and can
llOb 1ul1y DLObCCO C14O SA4AA4CDO wi
rency in the future. If the Ameri-
can government should continue its
silver purchase program and if
prices of silver should continue TO
rise sharply, the Chinese government
may be forced to abandon silver
completely and adopt another cur
rency system.
1.-THE benefits of the silver legiSla-
ton in the United States also are
highly doubtful. At best, it will re-
suit in an increase in silver certifi-
Gates outstanding which, when re-
turned to the federal reserve banks,
will merely tend to increase the
member bank balances with the re-
serve banks.
1.-The silver legislation, therefore.
has failed to bear out the promises
made by the silver advocates and
the sooner it is repealed the better
for the United States and the bet
ter for the silver using countries.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
Other livestock
(By Times Specian

LOUISVILLE. Oct. -Cattle-Receipts
commercial 375 salable supply slaughter
cattle light; demand fairly broad; market
active, fully steady; bulk common to me:
dium light grass steers and heifers. $3.50
G4.50; few common So; better finished
offerings quotable around Sc; bulk beef
cows, 81. SOFAS; practical % top $S'25; low G
bulls, mostly s2.75 down. stockers slow;
most stock calves. salable, $3.50 down;
bulk feeders, S303.75, Calves5-Receipts,
commercial 200; better grade vealers
strong, others steady; bulk better yealers,
s5.5O@6.5O; strictly choice eligible higher,
medium and lower grades, SIS down. Hogs
Receipts. 700; market steady. top and
bulk desirable, ,2OO-250 lbs. $50; 18o-l95
lbs, s5.15; 225 lbs. up. S4.95; I60-I75 lbs,
S4.55; 14O-155 lbs. S405; 120-135 lbs,
S3.05: desirable sows. s4.2O. Sheep-Re-
ceipts ESQ, including. IS stock ewes; gen.
orally steady on all slaughter classes, most
better lambs. Sc; choice scarce quotable
higher bucks discounted, 81 per hundred.
ewes, s15062; most stock ewes salable,
$50 down; few choice, 81 or better.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31

City grain elevators are paying IS cents
for No: soft red wheat. Other grades
on their merits. Cash corn No. yellow
68 cents. and oats 43 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31
Rich Texas OiIArga Found
When Water WeHSbOuted
Vast Hoard of Black Gold
People of CorSiCana, Seeking Municipal Water in 1884,
Encountered Slick Liquid but Did Not
Realize Strike.
BIZ Cnited Press

DALLAS, Texas, Oct 81 - The American Petroleum
Institute the convention to be held here Nov 1915
of Lady Lucs hand at Corscana in 1894 when she
changed water we'll into the first pgot tap the greatest
petroleum nool in the world
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-31


Corsicana was seeking a
municipal water supply. They
drilled a deep well, but into
their shaft came a black,
slick liquid they could not
drin k. Disappointed, they
drilled deeper and found
water, drank and were con-
tent.
Wells Increased
By the next year. however, east
Texans began to realize the value
of the vast black sea that was be-
meath their feet, and wells were
drilled in increasing numbers.
The well that opened the Electra
field in north Texas also was a
water well.
w. T. Waggoner, ranch owner OF
Wichita county and founder of
Texas first Oil millions, promptly
recognized the value of the oil and
developed the field. 1t was named
for his daughter.
The Burkburnett field owes its be-
ing to a transfers mistake in judg-
nent.
Transfers Error
S. L. Fowler, a farmer, formed a
pool for a test we'll from contribu-
tions of his friends and neighborS.
The site of the well was selected, but
the teamster who hauled in the ma
terial dumped it far from the Sc
lected spot. Where it was dumped
the field was located. The selected
site later was found barren.
Trucks which could not navigate
the rough and sandy lands of Rea-
gan county provided a source Of
wealth for the University of Texas.
The machines became hopelessly
stuck on university land. In or
der to pull them clear they were I'M
loaded. And where the materials
were unloaded was found the oil.
Visitors to the A. P. I. convention,
between meetings, will visit the
working fields.