davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
IN ENGLAND
NOW DESERVING LAND
Decline of 27,900 Shown
Since 1888.
BIZ TniLed PreSR

By United Press
LONDON, Oct. 6-British farm
workers are going "off the land."
The latest returns published by the
department of agriculture show
that 21,5OO less regular and casual
male workers we're employed on
farms during the 193334 period,
while women and girl workers
dropped by 6,400.
Agriculture in this country has
not yet been put into a position
where it could assist materially in
the reduction of unemployment.
Actually, unemployment figures
are raised by nearly $4,000, due to
the decrease in farm workers, which
is not included in the ordinary un-
employment total.
Critics of present government
measures to aid the agricultural in
dustry claim that if Britain assisted
her farmers to only one-quarter the
extent that Italy does, there might
be 100000 on the land instead Of
the present total of $4,000 in Bri-
tain and Wales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

have had their hands full, and the
fact that they are now able to re-
port progress is encouraging.
For the last year or more mort
gage certificates have been passing
rapidly into the hands af "chiSelers,"
who have taken advantage of the
Impotence and disbursement of
the original owners. This movement
has been due in large measure to
thelack of information furnished
such holders. So much confusion
existed in the corporate affairs of
the concerns that Mr.. Van Schaick
was unable even to make reaSsuring
statements.
ONE of the most important de-
" velopmentS which have taken
place has been the creation of sub
sidairy companies to take over such
parts of the old companies business
as could be prof1tably salvaged, such
as mortgage service and title guarn-
tees. Stock in these subsidiaries is
held intotal by Mr.. Van Setback for
the benefit of creditors and certif1-
cate holders of the parent concerns.
After the segregation of the good
from the bad has been completed
and other wrinkles have been ironed
out it is assumed that most if not
all Of the old companies will be
liquidated. The new subsidiaries, in
all probability, will be sold to pri-
vate individuals and should bring
much more as going concerns than
as parts of companies under liquida-
ton. The proceeds could then be
turned over to creditors and certifi-
cate holders.
IN veiw of the efficient manner in
i which difficult situations are be-
ing worked out, and in view of the
gradual improvement which seems
to be taking plice in real estate
conritions, it would occasion no
great surprise if creditors and GER
tificate holders of the big guaran-
teed mortgage companies we're to
come out much better than most of
them expect. 1t would seem the
part of wisdom, therefore, for GER
tif1cate holders to sit tight with
their securities.
THE insurance chief would seem
Il to be giving much more con-
sideration to certificate holders and
creditors of the mortgage companies
in the administration of their affairs
than he is giving to property owners
affected by these mortgages. This
probably is as it should be under
the circumstances, but it would APP
pear that property owners also are
entitled to an opportunity to work
out their problems, and that if Mr..
Van Schaick is not in position to
look after their interests another
state bureau should be st up for
that purpose.
1t seems hardly fair that a state
official, supported by well-trained
legal staff, should pit his ability
againss those of private individuals,
who pay taxes to help support his
department, when the results Of his
efforts stand to benefit another
group of individuals.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
FRANCE OPENS
DRIVE TO DUMP
SURPLUS WHEAT
More Than 100000 Tons
Exported at Cost of
S12,000,0OO.
Copyright. 1884. by united Press


PARIS, oct. 5.-The government,
aided by a special fund of hundreds
Of millions Of francs, has opened a
drive to dump millions of bushels Of
French surplus wheat on the mar
kets of Europe.
1t is estimated that over 200. 900
tons has been exported already at a
subsidy cost of $12,000.000.
With the object of clearing the
French market of the bulk of TO-
100000 bushels held over from pre-
viouS bumper crops the government
obtained from parliament a credit
of 800,000,000 francs ($53,104 .000},
most Of which was to be used to
subsidize expectation, the govern
paying to exporters the difference
between the world price and the
government regulated price in
France, which is about 81 bushel.
Wheat cargoes are leaving French
ports in increasing numbers for
England and ireland, and Germany.
the Scandinavian nations and others
have arranged for big purchases.
Minister of Agriculture Henri
Queuille recently said that one
eighth of the surplus had been dis
posed of abroad.
Reports from European grain
markets indicated that French ex-
port of wheat was at cheap prices,
underselling other exporters and up
setting markets. This is expected
to continue for a considerable period
because the government considers
subsidization of expectation the
only means to rid the market of
the surplus.
Paradoxically France continues to
import wheat, mainly from Canada.
Canada furnished 100000 bushels
in the first eight months of this
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
REC LnanS Mount.

The Reconstruction Finance Cor
poration's total of loans to indus
try passed the $4,000 900 mark yes
terday in the administrations drive
to spur private business through
funds. The September
report showed a total of 1877 loans
totaling S13,019,7 $50 have been made
under the new law authorizing di-
rect loans to industry.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
RURAL SALES Squirt

August retail sales registered an
increase Of per cent over the cor
month last year. accord
ing to figures issued by the depart
ment of commerce. AS compared
with the preceding month, the de-
partment reported. there was a rise
OF IL per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
DOUBT, UNCERTAINTY
DECRIED BY GIRDLER
Steel Trade Held Back by These In
f1uences, He Says.

BIZ United Press
NEW YORK, Oct. 6.-The steel
industry is being halted on the
threshold of a period of greater ac-
tivity than at any time in its his
tory because of the present state of
doubt and uncertainty" according
to Tom M. Girdler, president of the
Republic Steel Corporation.
He said there were three out
standing factors holding us back
from regaining confidence in the
future" They were: Failure of the
administration to effect monetary
stability; the hesitation with re-
spect to long-term financing and
distribution of investments and the
labor situation.
Unless the general situation i'm
proves. he limited, steel wages might
be cut
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
MUNICIPAL ISSUES
INCREASE IN MONTH
Total Approved in September
Amounts TO SS,5S4, 400.

- y 4 tffANe = ~ ttAa
NEW YORK. Oct. 6.-New mu-
nicipal bond issues approved by
voters of fifty-eight municipalities
in twenty-Six states durirg Septem-
Der totaled s3.5s4OOO, compared with
81. SS3 276 in August. and SOS. 1872. $50
in 1888; according TO the Bond
Buyer.
Except for the authorization of a
S565, 900 issue by the voters Of Kala-
mazoo county. MichiNan. all items
last month we're for arlounts Of less
than 5000
During September. the voters Of
twenty-five communities in seven
teen states rejected proposals 10 is
sue bonds aggregating 81. l69 900. as
compared with Sl.482,5 rejected in
August, the report states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
United Fruit Net Up.

The United Fruit Company re-
ports an approximate profit of So
62I 900 for the nine months ended
Sept. 90. before federal taxes,
against S9.087 900 in the correspond
ing period last year. The third
Quarter profit was about S4.304, 900,
compared with S4713,0O0 in the pre-
ceding three months and S4,0l4,000
in the September quarter of 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Wall Street
by RALPH HENDERSHOT-
Times Special Writer.

Times Special Writer.
NEW YORK, Oct. George S.
IN Van Schaick, superintendent
for insurance for New York state, is
expected to issue a report shortly
showing important progress in I'M
tangling the guaranteed real estate
mortgage mess. This will constitute
welcome news for certificate holders,
who have been receiving relatively
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
FINANCIAL DATA
AS of ,Jlne 20 1914

During the twelve months ended
June 80, capital stock outstanding
was reduced from 5,701 to 233,206
shares. SURPRISES declined about
S500,000 Cash was a little more
than 100000 less, while inventories
gained S1,400,000; net working cap
ital, however, declined S1,700,000 On
June 80 last the current ratio was
% tc l and the book value of the
common stock was S8409, an in
crease of s1514.
The American Agricultural Chem
ical Company's fiscal year ends June
80. For the fiscal years 1930-1933,
inclusive, the company was in
the red each year. This year, how
ever, S4.19 was earned on the cap
ital stock.
For several years past no divi-
dend has been paid on the stock.
a recent quarterly dividend payment
of so cents placed the stock on
81 annual basis.
The American Agricultural Chem
ical Company was incorporated in
1913 in Delaware. The stock is
listed on the New York and Boston
Stock Exchanges. At a current price
of around 38 it yields about So per
cent.
(Al rights reserved. Winchester Institute
OF Finance. winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
NEW PLAN ANNOUNCED
Johns Manville Will Support Fed
eral Housing Program.

By Chtted PFeSS
WASHINGTON, Oct. s. The
JohnS-Manville Corporation has
announced a plan for 100 per
cent support of the federal housing
program through establishment of
the Johns-Manville Credit Corpora
ton.
The corporation, according TO the
announcement will be capitalized at
100000 and have 1000 credit
agencies on exactly the same credit
basis or plan of the government" Of
5 per cent annual interest on loans.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

little return on
their investments
for some time.
in the mortgage
companies who
were responsible
largely for the
troubles of these
concerns have
been ousted, and
their duties have
been assumed by
a new personnel
built up by the
insurance chief.
Thncn 11ouy NAV
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
RELIEF DATA
'JUGGLED' BY
OTHER NATIONS
Europe Uses Fancy Names
for Unemployment
Situation.

BIZ Scripps-HoicGrd NeicspGper AIiance
WASHINGTON, Oct. 6.-Foreign
nations are doing a lot Of fancy
Juggling" with unemployment fig
ures. Federal Relief Administrator
Harry L. Hopkins believes. He re-
Gently returned from a first hand
study Of relief programs abroad.
You know we speak very frankly
about relief and say it is relief" Mr..
Hopkins said. over there they do
not do it that way. They beat around
the bush and call it by fancy pames,
but it actually is relief and they
are using government funds.
They do not count among their
unemployed the people TO whom
they give relief jobs, whereas we
count them all. Then, too, each
nation has a different manner in
which they divide unemployment
totals between those registered for
Jobs and those actually receiving
direct relief. II is hard to tell exact
" how many actually are supported
by the government
Many Idle in Britain
Mr.. Hopkins cited estimates for
June as supplied by the Interna-
tional Lobar Review. In Germany
there were 3.224,981 persons regis
tered as applicants for work, al
though the total unemployment
figure was only 2,4820O0. Austrian
estimates for the same month we're
263. 1888 persons unemployed and in
receipt OF benefits and 353,509 reg
istered for work.
In France 1914 registered for
Jobs but the unemployment total
listed was but 310934. Great Briton
and northern Ireland had 1,645 ,266
wholly unemployed in June with
44732O more out of work Que to
temporary stoppages in industry
However. the registrations for jobs
was 1902. $50.
This figure for England repre-
sentS a decline in unemployment oil
approximately 100000 from the
peak of the depression. Mr.. Hop
kins declared.
italy lists GAL. 257 as being wholly
unemployed although Italian gov
ernmental officials say that all OF
these persons are at work on state
projects.
Plans Similar to CWA
England has no direct work re-
lief program but in continental
countries the governments put the
unemployed on jobs" the relief ad-
ministration asserted. Some of their
plans are similar to our CWA, but
wages paid are low. In Germany
work camps have been established
and the system is almost Identical
with our work relief. Austria's re-
lief burden is smaller, but here
again unemployed are placed III
work divisions TO build houses,
roads and other public improve
ments."
Mr.. Hopkins thinks that England
has tried more radical experiments
in the form of recovery than Presi-
dent Roosevelt. He observed some
of the governmental moves in reg
ulation of agriculture which ARE
further advanced than any OF
Henry Wallace'S thoughts" The
most radical program, however, has
been the housing campaign which
apparently is working"
But don't think that England
has its situation any more settled
than we have over here" Mr.. Hop
kins concluded. They still have two
thirds of their unemployment, al
though they don't make such
fuss about it..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
WOOL WORTH SALES OFF
Decrease of Ia Per Cent Reported
During September.
81 Times Special

. ms ptCfuI
CHICAGO, Oct. 6.-Sales reported
by the Woolworth company during
September totaled s2l, 342 ,02l, as
compared with s2l.642,l 04 in the
same month of 1888, a decrease of
IA per cent. Sales in the preceding
month this year amounted to $50.
7e4. Gas.
The total September business
brought sales for the first nine
months of the year to $l84. AT, 994,
against sl7o.4S6.S90 last year, an
increase of 6.8 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Sales Up 20 Per Cent.

Sales of Spiegel. May, Stern
Company during September showed
an increase of 1925 per cent. as
compared with the same period of
1888. Business during the month
amounted to S2,3399ll. against
SI.374.28S in September, 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
WARD SALES REACH PEA
Mail Order Firms September Best
Since 1929.

CHICAGO, Oct. 6.-September
sales OF Montgomery Ward & Co.
aggregated S23.Oe3. 465. a gain Of
3e2 per cent over the s16, 5S3. 709 re-
ported last year. 1t was the best
September sales record since 1929.
For the first eight months the
sales volume totaled Sl52. zoe, 1872.
compared with sl14.027.172 last year,
an expansion Of $50 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Russia Ready to Place BionD Dollar Order as Soon as
She Receives Credit Facilities From U. S., Unions
FOREIGN CommiSar Saws
BY WILLIAM PHILIP SINTMS
Scripps- Howard Foreign Editor

WASHINGTON, Oct cit is estimated that American
farms and factories losing $20000000 month during
these most critical times in their history through the
sdetracing of SovetAmercan trade negotiations here
Translated into jobs, this that upward of $4,000
fume workers could be employed creating commodities for
shipment to the Soviet Union if the United States and Russia
could come to terms.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
WARD SALES INCREASE
SHARPLY IN MONTH
Business During September Fixed
at $23,O93, 465.
By Times Special

by inlCS SpeCtut
CHICAGO, Oct. 6-Total volume
of business of Montgomery Ward
& Company during September was
around 40 per cent above any month
last year, according to sales re-
port released today.
Actual sales of the company DUR
ing the month amounted to $23 ,093,
465, as compared with 1888, 708 in
the same period of 1888. This was
an increase over the previous year
of $500, 757, or 1925 per cent.
The increase in September
brought the total volume of busi-
ness for the company during the
first eight months of 1884 to $152,
7O6, 322. This compares with STA,
027,1 in the same period of 1888,
an increase of 1902 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
COAL OUTPUT HIGHER
BIZ Times Special

CHICAGO, Oct. Production
Of bituminous coal in the United
States during the week ended Sept.
% amounted to 7,250,000 tons, as
compared with 6,876, 900 tons in the
same week last year, according to
a report made today by the Nation
al Coal Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
COFFEE CONSUMPTION OFF
By Times Special

BIZ Tunes SpeCldI
NEW YORK, Oct. 6.-Coffee con-
sumption throughout the world in
the three months ended with Sep
TENDER, the first month of the new
crop year, aggregated 5,372,320 bags,
against 5,S23,591 bags in the cor
responding period last year, the
New York Coffee and Sugar Ex-
change disclosed today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
IRON PRODUCTION DIPS

by tHItS OVtCfuE
CHICAGO, Oct. GA decrease OF
IL per cent in the daily rate of pro-
duction of pig iron during Septem-
Der, was reported today by the Iron
Age. Daily output during the month
amounted to 28,935 tons, against
34,O12 tons in August.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
GLen.. :;ngS
Auburn Sales Triple.

The Auburn Automobile Company
shipped 1.040 cars in September,
TRIPPING the 305 machines shipped
in the same month last year, and
exceeding by 26 per cent the ship
ments of September, 1881, the firms
record year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Pullman Earnings Up.

The Pullman Company, sleeping
car company affiliate of Pullman,
Inc. reports net earnings of $780,
$40 after taxes for August, COM
spared with Sl35,S05 in the same
month last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Canadian Building Gains

September building contracts
awarded in Canada amounted to
sI2. 4e4. 900 compared with 1885, 900
for the corresponding period of 1888,
an increase Of 40 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
WAL GREEN COMPANY
DECLARES DIVIDENDS
Directors Vote Per Cent Common
Stock Payment.

Stock Payment.
BIZ Times Special
CHICAGO. Oct. 6.-The Wal
green company has declared D
per cent common stock dividend in
addition to the regular Is cent
quarterly payment on the common
stock. according to c. R. Walgreen,
president.
Both payments are payable Nov. l
10 stock of record Oct. IS. Sales of
the company during the first elev-
en- months of the current year were
reported at S48. $50. 844. as compared
with S41.0S8.172 for the preceding
period. an increase of 1872 per cent.
Net income Of the company dur
ing the fiscal year ended Sept. 80
was reported at S2.500000 after
charges. or equivalent to $3.50
share on the common stock after
preferred dividends, according to
Dow Jones & Company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06
Stock Studies

The American Agricultural Chem
ical Company is engaged in the
manufacture and sale of CONNER
cia4 fertilizers. In addition it also
manufactures related nonfertilizer
chemicals which constitute about
quarter of it's volume sales.
The company owns phosphate
mines in Florida and Tennessee,
but the nitrates and potashes used
mostly imported-are purchased. In
the processes of fertilizer manufac-
ture large quantities of sulphuric
acid are used, most of which the
company manufactures for its own
use. Sales cover practically the en-
tire farming sections of the United
States and parts of Canada and
Cuba.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

Dew elopm ents in
Trade and Industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-06

News and Views in
the Business World
Evening star., 1934-04-13
DENIES ROOSEVELT.
IS LIKE KERENSKY
Beck Sees Danger, How.
ever, as Result of Inquiry
Of Writ Charges.
By the Associated Press.

By the Associated Press.
PHILADELPHIA, April 12.-Repre-
sentative Beck, Republican, Of PENN
sylvania, commenting on the tnvesti-
CATION Of DR.. william A. Wirt's
charges concerning the brain trust, "
declares mo sane man could possibly
conceive Of such q forceful man as
Franklin D. Roosevelt in the shoes of
Kerensky."
Beck addressed q meeting of the
Shrine Club.
However, the danger attached to
the investigation of DR.. william A.
Wirt's charges and the ridicule which
will follow it, is that it may lessen the
apprehension Of the people to other
more serious things under the Presi-
dents administration" he said.
1.-THE people, as q result Of this
probe, may laugh and be of guard
when measures toward q Socialist
unitary government are introduced.
It is wholly possible this may happen
within the next two years."
Beck, although declaring some of
the temporary emergency measures
have done some good, said they "'have
made this country q Socialist United
States"
LET us 60 back to the old princi-
Piles of the Constitution as soon as
possible" he asked.
Evening star., 1934-04-13

rowing season. Although definite ar
rangements are as yet incomplete, at
least two Of the following regattas
will be covered: Navy VS.. Columbia
on the Severn, April %; the Black
well Cup Race on the Harlem, May S;
the Poughkeepsie Regatta, June 16
and the Harvard-Yale classic on the
Thames, June %.
Applications have been made to the
United States Golf Association to ar
range for full coverage of the United
States open tournament. This cham
pionship match will be played at Ard
more, Pa, June Z, 8 and 8. Plans
have also been made to bring a COM
mentary from the famous st. An
drew's course in Scotland, during the
play for the Walker cup between
teams of leading British and Amer
ican amateurs. The dates are May
IL and II.
The tennis courts at Wimbledon
will be the scene for broadcasting ac-
counts of the Wightman Cup matches
to the United States on June Is and
16. Other tennis events will be sched-
uled later In the season.
X X + X
THE Landt Trio and White, popu-
L lar radio entertainers, will arrive
In Washington today for q week.
engagement at the Earle Theater.
The trio recently celebrated its fifth
anniversary on an N. B. G. network.
Jack, the youngest is 81. Karl, the
next, is "a, and Howard, the Oldest
is 80.
\ X X X
THE Northern Dramatic Co., whose
L plays are regular Friday night
features over VOL, has signed a
years contract with WFBR, in Balti-
more, for q weekly broadcast on Sum-
day afternoons. The company begins
Evening star., 1934-04-13

The final March of Time broadcast
of the season, on WJSV tonight from
$3.50 to 9, will depict, in a series of
dramatic sketches, the results Of the
new deal" to date.
Jessica Dragonette will sing "Cleo-
patra's Nile'' as a feature Of her re-
cital over WRC from to 9. The
orchestra, under the direction of Ro-
sario Bourbon, will play "Danse Bag
tale" and a selection from KalmanS S
"Sari"
Evening star., 1934-04-13

Sunday with its first presentation,
"Oliver Twist" The broadcast Is
scheduled at 1915 pm.
X II X
DELE BLANCHE, veteran vaude-
- vile and musical comedy star,
and native of Washington, will
make her radio debut over an N. B. C.
network Sunday. She will appear as
guest star on the Surprise Party pro-
gram on WRC from 1880 to 2.