davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
TO IMPROVE
EASTERN SCHEDULES
New Service Will Become
Effective Sept. 80.

More convenient schedules for four
Pennsylvania railroad passenger
trains between indianapolis and
eastern cities were announced today
by H. w. Jones, general superin-
tendent. These improved schedules
will be placed in effect Sunday, Sept.
80.
The Pennsylvania limited, east
bound, will leave Indianapolis at
$3.50 p. m.-approXimately two hours
later than at present, but arrival
in New York will be at $40 p. M
only forty-fve minutes later than
on the present schedule.
Improved sleeping car service to
Grand Rapids, Mich, on the Penn
sylvania limited also was an
nounced, which will mean a saving
of nearly two hours. Arrival in
Grand Rapids will be at 1850 a. m,
as at present.
The Spirit of st. Louis will leave
Indianapolis at 4:44 p. m, three
minutes earlier than at present, and
will reach New York at HOS a. m.
and Washington, D. c., at 1926 a..
m.-ten minutes earlier than now.
The American and the Gotham
limited will leave Indianapolis at
1:55 p. m, as now and will arrive
in Washington the following day at
800 a. m.-forty minutes earlier
than on the present schedule.
The Gotham limited, leaving In
dianapolis at II p. M, also will ar
rive in the national capital forty
minutes earlier than at present;
reaching Washington at $50 p. M,
instead of $50 p. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Common and medium
SHEEP AND LAMBS
Other Livestock
BY United Pressl

CHICAGO sept -Hogs-Reoeipts.
"a oNo including 1000 directs. market.
slow. steady 70 loo higher than MonasHIo ;
i iSstss rs ss'4oG7 light lights $ .5o@
6 IS: good pigs. s4n ps rs ~ sou 49, and
isS sood and choice. SIS isI7.o 5; medium
weights 2OO-2SO rs 5000 an snd ,,t eh9 1Ss
ssSoGIlo heavy y SeiEh Is ,ss ySSS s6 5Ss
S7s-5So his. medium and choice, s. 2osl
So, slaughter pigs. l0O-l3o lbs good ana
choice s. 50 G a ,oo soysTnsnt calves
-Rrceipts. :. 600 commercial 1000 govern
rrent. fed steers and yearhnSs. ZSn ogc
vsry slow al decline. excessive supply beef
In ran. fresh receipts increased oy very
liberal hcldover from Monday haro!y
enough done 20 make market. lev cary
sales better grade steers and yesriings- =
q 10. other Killing classes very uneven out
generally lover: vesleEs steady s So Is
S GOD and choice. ssgs IS: cool 100 lsSS
sod and choice s. SoI 10 IS. 100 500
rs. sood and choice $3.50 70 q q n ,sg w.
SOL. 500 lbs. common sne medium; 81 :
CTS. heifers. SS0-loo lbs. 5000 snq
choice ssas soT g 81 sn 20 n eo1on and
-edi,lr, s21Sds so Low cutter and cutter
siTSd7 IS. bulls. vearlinss excluded. 5000.
Ssurn. 81 soG 40 veslers. GOOD and choice.
ss $50 50. medium. SSne - cuA ana
common, s4as. stoekeF and feeder eaiiis'
ssSSGs. common and medium s. IS a Is
eheep-ReceiptS. 5000 commercial 1000
$500 M Mordavs close. sskins strong
y. BIDS and sales on natives and rsnse
lambs upward 20 s. 50. best natives nelo
sounturn: feed lambs little changed
SLAUGHTER sheep and lambs lambs 20 lbs
down good and choice IS 2SGe.lb. COM
RS sooc ard choice. slsSG2So. al
weights common ard medium. 81 son ?.
feedinE lambs. so-TS lbs. GOOD and choice.
Fl WAYNE. SEPT. 2s-Hoss-stesdv:
2sO-soo lbs SIS 2oo-2so lbs SIS. is0-
100 rs, ss4s. 80 $50 rs IS IS. soo-ssO
Is ss. 5000 Ms IS 10. iso-iso rs IS 10.
i:o-lso rs s. .. ioo-i2e e rs s. ro. y !,
BY Times Special
LOUISVILLE sept S.-Csstle-Recsipts
200. fresh receipts moderate but rather
st-eable holcover from Mondays dull trade.
most early sales about steady vith Mon
GAYS decline. common % medium steers
ard heifers ouotsels mostly s. IS.
cutter graces saiahle down % around 81,
eestsr finished lEhtveights saishle So
hulk eeef cows. g. 7sEs. lov cutters sno
sss,sF sssn 's s.1ss. sq s:r. sS5Sss5se
ns:sv.s. s; sosi 50: caves s5so: stead
bulk Better vealers. ssGs 50, medium and
lever grades S 50 doRn HoEs-Rscs.pts
500. mostly stsadv except some ueiShts
lover because q chsnEe q sort TOP and
1ss lbs. ur. Sc IS leo-lTs rs. IS IS. i40-
iss lhs, ssss. i2o-iss lbs sssS. sous
ncsfly IS lover. bulk sses7s. choice
cuotahie around So 50 bucks mssflv IS =
IS itght throVoufs g. 50 BULK better fsi
sss., o. Se57s: es.irssls stock ewes
dav. Cattle commercial 1873 calves CON-
mercial sft hogs 1853. sheep liie
si4s calves COMMERCIAL ass: hogs. 4s7.
sheep. az.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
CLOSING RALLY
PLACES GRAINS
HIGHER ON DAY
Heavy Wave of Buying at
Finish ReverSeS Early
Lower Trend.

By United Press
CHICAGO. Sept. 25.-A heavy
wave of commission house buying,
led by eastern interests. moved into
the wheat market a few minutes
before the close and prices on the
Board Of Trade rallied to we'll above
the previous finish after having
been lower all day.
Wheat finished 2 to IL cents
high, Sept. S1049.; corn was up Is
to l34 cents.
Wheat Starts Lower
Wheat started lower here on
news of pronounced weakness in
Liverpool. Fears of heavy shipments
from Argentine forced liquidation in
the English market and prices
turned abruptly lower. The weak
ness also was reflected in Buenos
Aires and Rotterdam.
StoploSS orders we're uncovered in
the local pit on the downside with
December touching S101SS. or ~
cents buShel under yesterdays last
price. There was fair commission
house support on the way down.
however, and fair rally enSued At
the inside the December was at the
lowest level since July %.
Liverpool Of Sharply
Liverpool wheat finished the ses-
sion is to 23s cents lower with
liquidation there induced by a dras-
tic decline in Buenos Aires late yes
terday.
A bulliSh item from Canada went
without special effect. General rain
and snow over much of the three
provinces put a definite stop to har-
veSting operations.
Corn declined around a cent in
the early trading but later rallied
with wheat. Trade in the yellow pit
was not particularly active. Trade
in oats was small with the market
easily influenced by the action Of
other grains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25

the government in order to force
what they regard as more con-
sentative monetary policy.
The reaSonableneSS of the flrst
factor is easily understandable
High-grade bonds usually decline on
threats of actual imitation, and nc
one, not even bank, can very well
afford to take losses. But any at
tempt to bring pressure on the gov
eminent through the bond market
would seem to be rather shortSight-
ed. The more difficult it becomes
for the government to borrow money
the more likely it is to print 1t.
FINANCIAL experts regard the
L results of the government
refunding efforts as rather unsatis-
factory. The chief aim was to put
out as many long-term bonds as
possible 1t looks very much now,
however, as though large part of
the called A per cent Liberty bonds
will have to be taken up for cash.
This naturally will reduce the
amount of government funds on
hand and will cause it to go into the
open market for funds just that
much sooner.
Bankers in Wall Street feel they
have been treated little too rough
ly at the hands of the President and
are not a little reSentful. They con-
tend that if they can get the CHIEF
executive to let up on them by re-
taliating with a refusal to help the
government raise money they will
have served their own interest we'll
And they defend themselves by say
ing they can not fight clearly and
openly for fear of being attacked
from many different angles.
MANY people in the Street are
1N1 inclined to believe that the in
direct attack of Wall Street on the
administration has brought results.
They point to recent assurances
from the Presidents lieutenants that
the government is not DESTROYS Of
destroying the profit motive in bust
ness. Other Washington pronounce
ments also are taken to indicate
that the political wind has switched
to a more favorable direction.
1t is true, of course, that if the
government adheres to its spending
program it must look to the banks
for help in raising money. 1t is
true, also, that the government bond
market recently has taken a turn
for the worse. But IL is known,
likewise, that the so-called radical
group in the capital is laying plans
for bigger fight in the next con-
gress than was waged in the last
one for the issuance of more cur
rency. They are going to demand
that the government pay its way
with money issued against its gold
and silver holdings rather than Dor
row it. The bankers would seem
to be playing into their hands.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
CANADA RECEIVES RAIN
Showers Delay Farm Operations in
Northern Area.

Thrashing is we'll advanced in the
southern and central areas Of the
three prairie provinces of Canada,
but intermittent showers have de-
layed operations in the north. where
the crop is more backward and
where the grades have been low
cred by frost, according to the
weekly crop report of the Bank Of
Montreal.
Pastures have benefited by rains
but further moisture is required in
southern and central areas to aid
fall blowing. In Quebec crops in
general are up to average through
the province.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
On Commission Row

Quotations below are average wholesale
prices being offered to buyers by local
commission dealers
FRUITS-Cranberries Cape Cod early
blacks. .25-lb. box. SO. Grapes. Michigan
Cooncords, act. basket, 16c; l2-qt. basket
Crabapples, Michigan hyslops, bushel. 50.
Italian prunes. 16-lb. box, S1.10. Pears,
Michigan Bartletts. bushel, So s.; Avacados
box, St.50. ounces, bushel. SO. Watermel-
ons, Csc each. Bananas, pound, Sac.
VEGETABLES-Cabbag Northern Dan
6 iSh 5oP bag 75S sd Dufhe s5g5
lob bag 22c; white boilers. 10-lb. bag,
35c; western white, ,50-lb. ag, SITS; home
grown pickling, lob; bag; Use. Potat toe
c9,nsin round white, 19O-lD, bag, $I;55;
l0o-lb. bag ,S2.10. Sweet potatoes, Eastern
Yellow Jerseys bushel $3.50; Indiana
Nancy Halls. bushel. 81 IS. Beans, home
grown stringless. bushel, 81; Kentucky
wonders; bushel. 05c; Limas, large pound
basket. 75c: bushel. s125 Caulifower,
crate. S16O. Celery. Michigan medium.
dozen. 45c jumbo, dozen, Csc; hearts,
bunch. 90c. Corn. homegrown. dozen. zoe
Gucumbeers. a d9G}mre grown 7s6 bushel $50;
dozen. Csc Egg Plant, Dozen Use. Kale,
bushel. Soc. Lettuce, outdoor. 15-lb. basket.
Csc Mangos, bushel, ST. Mint. dozen. soc.
Parsley. dozen. 35c. Peas, hamper. 81 so.
Peppers. red finger, bushel, SITS; 5-lb.
ach, New Zealand, bushel, Soc broadleaf,
basket. Soc Radishes. 2 dozen. Use. Spin
basket. soc; bushel. $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
CORN-HOG CONTROL
PLANS ARE WEIGHED
Parleys Started to Discuss Means of
Conducting Referendum.

The first of a series of conferences
designed to map out ways and means
of conducting the referendum among
corn-hog producers for controlling
production in 1884 was held yester-
day. Members of allotments COM
mittees and county agricultural
agents from nine central Indiana
counties met in the Hotel Washing
ton and other parleys we're held in
Veedersburg, Rensselaer,, Kokomo
and Brazil.
Five more meetings will be held
today and the same amount to-
morrow i'll different parts Of the
state.
The same program will be followed
in each county. The various COM
mittees will be asked to present the
corn-hog situation to local farmers
and outline plans for the referendum
which is expected to be completed
for the entire state by Oct. 4.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
WESTERN TRADE GAINS
Business Activity on Pacific Coast
Best Since 1891.

Business activity on the Pacific
coast, according to the index Of
western business, compiled by the
Wells Fargo Bank and Union Trust
Company, San Francisco, rose dur
ing August to the highest point since
October 1881, amounting to TAB per
cent of the 1923-25 average.
In August Of last year the index
was at 67.9 per cent. Bank debts
in California in August rose 1l.6
per cent above August 1888 levels,
in comparison to July when they
were 6.8 per cent under the corre-
spending month Of last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Less Than Feared
INVESTMENT INDEX RISES

The investment companies COM
mon stock index advanced with the
general market during the last
week. as evidenced by the averages
compiled by Distributors Group, Inc.
The average of the common stocks
OF ten leading management compa-
MES, influenced by the leverage fac
tor, stood at 1887 as of the close
Sept. 81. compared with 1882 on
Sept. IL.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
tBy Abbott. Hoppin & CO..
GleaningS
Auto Financing Gains

The dollar value Of retail flnan-
cling of new passenger cars in
August waS21 per cent ahead of the
corresponding month last year, &C
cordlng to department of commerce
figures. For the first eight months
of the year the volume was 81 per
cent ahead Of a year ago. However,
compared with July there was
drop of is per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
HUDSON REPORTS SALES
GAIN OF 61.5 PER CENT
Motor Firm Sells 1859 Cars in First
Eight Months.

Domestic sales of the Hudson Mo-
tor Car Company totaled $3.50 cars
for the eight months ended Aug. 81
including both Hudson and Terra
plane cars, it was announced today
This total represents an increase
of 61.5 per cent as compared with
sales of 1886 cars reported for the
corresponding period in 1888.
Total sales for the eight months
we're IA per cent in excess of the
total sales of 40,151 cars reported
for the full year, 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
L. S. Bond Stake Up

Holdings Of United States govern
ment securities by weekly reporting
member banks of the federal reserve
system increased S5S.000.000 during
the week ended Sept. 10. according
10 the condition statement issued
today. At the same time it is shown
that the banks increased all other, I"
or business loans by SI1, 200, 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
FRuITs AND VEGETABLES
nv United Press

IBV UnlTeU FTeSSI
CHICAGO. Sept. 5.-Apples-Michigan
tomatoes: Ohio, 8 quarts, 500 Csc: sweet
potatoes: Tennessee bushels, 81; peaches
fornia crates. s1.75d3.25; beans. Illinois
green bushels. 75cd $3.50 cabbage: wis
consin crates. 5Oq Csc; carrots; California
crates. S1.75M2: Peppers: uhnois bushels,
80 n 75c: eggplant; Illinois bushels, asa 35c /;
celery. Michigan crates. squares 40d 55c;
western caulif1ower crates. slm lis,
Michigan. 75cd SIPS: grapes. Concord.
Michigan. 4-uuart. 13G14c; cranberries
Massachusetts boxes. ID bushels, $3.50.
Onion Market t5-lb. sacks Michigan vel
laws. 55N7212c; Idaho Fellows. 75q SOC;
Utah Fellows 75d80c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Trade Rise Seen

Following a tour of certain sec
tons OF the country. Eugene R.
Black. former head of the Federal
Reserve Board and now governor
OF the Federal Reserve Bank of At
lanta. declares that business is
definitely on the uptrend. Further
more. he AYERS, the betterment is
most marked in the agricultural
sections.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
ADMINISTRATION IS HIT
Mining Industry Attacks Policies OF
New Deal at Farley.
By United Press

Dy DHFItU TUE
SAN FRANCISCO, Sept. 25.-Al-
though the New Deal raised the
price Of gold and silver to new world
highs, spokesman of the American
mining industry found much to crit
icise today in administration poll
cies at their mining congress here.
Dean Frank H. Probert, college of
mining, University Of California, and
James F. Galbreath, secretary Of the
American Mining congress, were
foremost in the attack
Senator Key Pitman Dem. Nev)
defended the administration and
predicted the price of silver will
reach s129 an ounce within two
wears"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
MARKET VALUE CLIMBS

FIIFIt
NEW YORK, Sept. 25.-The mar
ket value of fifty representative
stocks listed on the New York Stock
Exchange on Sept. % was s1l $685.
565,625, an increase Of 1852, 348, 625,
or SOB per cent over the preceding
week, Paul H Davis & Co., men,
bers of the New York Stock Ex-
change, declared.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
TRUCK BUSINESS SOUND

Truck transportation is econom-
ically sound and has rightfully re-
placed the railroads for short hauls
it is contended by J. H. Lewis, econ
omist Of Goodbody & Co., who de-
clares that proper regulation will
benefit the truck operators more
than it Will the railroads.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
BANKHEAD MEASURE
WILL BE CONTINUED
Secretary Wallace Says Act is to
Stay for Year.
BY United Press


WASHINGTON, Sept. 25.-Secre-
tary of Agriculture Henry A. Wal
lace made it clear today that the
Bankhead cotton control act will be
continued in its present form for
the rest of its allotted one-year life.
1t may be extended another year if
producers wish.
Mr.. Wallace was understood to be-
lieve that much of the sentiment for
suspension of the act had subsidized
after assurance was given cotton
states legislators that administra-
tive "inequities" prejudicial to small
producers would be adjusted rap
idly.
After a conference Saturday with
several southern senators and con-
gressmen, Mr.. Wallace said the
Bankhead act would not be sus-
pended.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Wall Street
BY RALPH HENDERSON,
Times Special Writer.

THE charge that the banks of
i this country we're not behind
the government in its recent refund
ing operation is amply substantiated
by the Federal Reserve bank fig
ures covering the week ended Sept.
10. During that week they reduced
their holdings of government bonds
by more than s7O,OOO,OOO instead of
converting them into new bonds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Anheuser- Busch Net

Net income of sl.07S.S69, or $500
a share, was reported today by An
heuSer- Busch. Inc. for the first
seven months If the year. For the
full year 1888 the company showed
net of $685. 29. which was equivalent
10 $3.50 a share. AS Of July 81. last.
current assets totaled Sc, 430.6l4 and
current liabilities we're S2,S60.525.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25

They old convert
part of their hold
ings into new
treasury n It e S,
however.
wo factors
probably prompt
ed their action.
The one was that
they feared infa-
ton and wished
to keep as liquid
as possible, and
the other was that
they desired to
bring pressure on
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25

August net railway operating IN
come of the Southern Pacific Rail-
road aggregated S1.S4l,8 05. against
sI.269.S74 in the same 1888 month.
For the first eight months the figure
was S10.134.733. compared with
s., 26S,l14 last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
Is to As % Margin Seen
Likely on Stock Trading
Federal Reserve Board to Prescribe Ratio Within 48
Hours; Now Studying Program.
BY RICHARD L. GRIDLEY
United Press staff Correspondent

WASHINGTON Sept 2sock market margins probably ranging
today
Beginning
the tcontro
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
COTTON GINNING HIGHER
Increase of More Than $4,000 Bales
Shown Over Year Ago.
BIZ United Press

BIZ United Press
WASHINGTON, Sept. IS. - The
census bureau reports that 3,130,797
bales of cotton from the 1884 crop
had been ginned prior to Sept. 10,
compared to 3,102,121 bales ginned
from last years crop prior to the
corresponding date in 1888.
Cotton consumed during August,
the bureau reported, totaled 420,-
GAG bales. Cotton on hand in con-
Stunning establishments at the end
of that month amounted to 1881, :
218 bales and in public storages and
at congresses, 1924, OBS bales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
U. S. CREDIT IS SOUND
Reserve City Bankers See No Threat
to Status.
BIZ United Press

By United Press
CHICAGO, Sept. 25.-Members Of
the special policy committee of the
Reserve City Bankers Association
see no threat to government credit
in current conditions, Lyman E.
Wakefield, head of the organization
and president of the First Natioal
Bank and Trust Comply Of Minne-
apolis, said at the end of a two
day conference.
Credit of the United States govern
ment is "the best in the world" Mr..
Wakefield said, and he expressed
the confidence Of his association
that its status will remain I'M
changed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-25
BORDER DEALS
IN COLD STOCK
CAUSE CONCERN
Bootleg Operations
Canada EVade New
Securities Act.
BY THOMAS L. STOKES
Times Special Writer

WASHINGTON, Sept. 25.-Traffic
in Canadian gold mining stock across
the border, in New York state
particularly, seeking to evade the Sc
curities act, is a problem causing
concern to the securities exchange
commission.
This sort Of bootleg stock oper-
alton is reported especially active in
the Buffalo and Syracuse area,
though it has customers as far down
as New York City. The trade is
carried on entirely by mail, except
for an occasional fly-by-night
salesman. Some of the circulars,
flamboyant in type, are in the hands
Of the commission.
Commission officials thus far
have not gone into the validity Of
the companies, but have become in
terested because the claims in some
of the advertisements are such as
to violate requirements of the Securi-
ties act. The sort of circularizing
that has been discovered in some
cases has aroused suspicion.
Act Protects Investors
This new business in mining
stock is believed to be an out
growth of the gold boom in Ottawa,
which, like other such booms, in
spires the formation of bad compa-
MES along with sound investment
enterprises. The securities act af-
fordS an effective means of pro-
tecting the investor in mining enter
prises in this country through regis
tratiOn requirements.
But this activity raises differ
ent sort of problem.
The commission has one means Of
reaching it-through the power to
forbid sale by mail 1t can not
reach into Canada and stop sales at
the source, for its jurisdiction does
not extend that far.
The question now is whether it
will ask the postofffice department
to undertake the rather difficult
task of checking this stock bootleg
cling. This will depend upon its
size and Importance, now the sub
ject of inquiry.
May Ask Canada's Help
Canada revised its own securities
act at the last session of parliament
with the effect of tightening it's re-
strictions and the American COM
mission might even seek co-opera-
ton of the Canadian regulatory
agency if the attempt to evade the
American act becomes fragrant.
There has been a disposition re-
Gently of some American mining
companies to transfer their stocks
from the New York Stock Exchange
and others and list them on Cana
dian exchanges in order to avoid
the strict regulation of the new
stock market act which goes into
effect Oct. l.