davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22

limitations on its imports. These
imports are secured largely from
countries with which it has favor
able trade balance. In other words,
it seeks to pay for the goods it i'm
ports with goods it exports rather
than with gold.
Inasmuch as Germany has an
unfavorable trade balance with the
United States, she buys as little
from us as possible. Her purchases
of cotton from this country have
been reduced particularly. From
Aug. l to Sept. IS (the season this
year to date we have shipped but
74,187 bales of cotton to Germany,
less than half the 162,l54 bales
shipped during the corresponding
period of last year.
Il
THIS years cotton crop in the
L United States, due partly to
weather conditions and partly to
the governments agricultural pro-
gram, has been smaller, and the
loss Of the German trade has not
been felt to any great extent. Prices
have been maintained by both nat
ural and unnatural forces, and the
government has paid farmers
bonus for crop destruction.
But Germany's credit and none
tary condition may have a perma-
nently adverse effect on the market
for our cotton, inasmuch as that
country normally takes nearly 10
per cent of our cotton crop. 1t may
result in forcing cotton farmers to
make permanent reductions in their
acreage. This may not prove a
pleasant adjustment when the
bonuses stop, and it could hurt bust
ness generally here for many years.
ERMANY created "rayon," and
VI every one is more or less IA
miliar with what happened to the
price of silk. 1t costs about 20 per
cent more at the present time to
produce vistra than it does to buy
cotton, but it is claimed that this
cost can be greatly reduceo WIFI
greater production. Two vlstra
plants are now operating in Ger
many, and it is said they are booked
solid from now until next January,
even though they are running three
shifts. Two huge new plants are
reported to be under construction.
The tensile strength of vistra is
about rs per cent that of natural
cotton, and it is used on basis OF
about 1890 with cotton in the man
ufacture of cotton" thread and
cloth in Germany. Presumably 1T
could be used to good advantage in
the manufacture of war materials.
AS matter OF fact, that may be
why the product was perfected to
compete directly with raw cotton
rather than with cotton cloth.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
PRICE BOOST CHECKED
Declines and Advances Total Thirty
Each During Week.

A definite check to the advancing
trend in commodities, foodstuffs and
grains was noted during the past
week, according to a survey made
by Dun 81 Bradstreet, Inc.
Individual price changes during
the week were alike at thirty each,
following six weeks in which adj
vances have exceeded declines. In
the previous week there were thirty
one advances and twenty-five de-
clines.
The daily commodity index drop
ped from a high of 12095 on Aug.
% to a low of 11720 on Sept. IA, a
new low since Aug. G. The index
on Sept. II was 1874 per cent higher
than a year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Issue Privately Placed

A new issue of $10,000,000 of serial
debentures of the Chicago District
Electric Generating Corporation has
been privately placed. Proceeds of
the financing are to be utilized in
connection with the redemption of
the balance of 100000 of 515 per
cent debentures, due October l, 1884,
which have been called for retire
ment and for cancellation of more
than 100000 short-term notes, due
March l, next.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Wall Street
s1MRRY RALPH HENDERSHOT

~ BY RALPH HENDERSON, -
Times Special Writer.
TINE cotton trade in New York
Il has just had its first oppor-
tunity to look upon Germans new
artificial cotton, "vistra" It has
been perfected by the German dye
trust and bears a striking resem-
blance to cotton fiber as it is picked
from the plants. 1t is supposed to
be made from wood pulp.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
REPORT NICKEL OUTPUT
World Production in 1888 Amounted
to $4,000 Tons.
BIZ Times Special

By Times Special
WASHINGTON, Sept. 22.-Total
production of nickel throughout the
world during 1888 amounted to 49,
900 tons, of which 81 per cent was
produced in Canada, and 9 per cent
in New Caledonia, it was reported
today.
Total imports into the United
States during the year we're 10000
tons. The United States produced
126 tons as a by-product of copper
refining and 1850 tons of secondary
nickel was recovered, compared with
$500 tons recovered in 1923.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Postal Savings Rejected

Because they are obliged to pay
2I2 per cent interest on postal saw
ings. a rate which they are unable
to earn at the present time, sew
eraI New York City banks have de-
cided to reject such deposits in the
future. Institutions in other parts
of the country also have discontin-
ued the practice of acting as depos-
itaries for postal savings.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
II & T. Nets 81 Cents

During the first six months of the
wear the International Telephone
and Telegraph Corporation and as
ISOLATED companies reported a net
profit of 1857 .933. equivalent TO q
cents on the capital shares. con-
trasted with net loss of S642.31O in
the corresponding period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Line Abandoned

The Wabash Railway has received
permission from the Interstate Com
MERGE Commission to abandon its
Altamount branch in Ellington
county, Illinois. The commission held
that the branch, which is 9.48 miles
long, had outlived its usefulness due
to improved highways and bus and
truck services.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Insurance Sales at Peak

August represented an all-time
high in sales Of insurance by the
Northwestern National Life Insur-
ance Company of Minneapolis. Joel
T. Traylor. local general agent, re-
ports. The volume last month
amounted to S6,3O0,927. or 10 per
cent ahead of the previous peak
month of August, 1929. The Indiana
agency. of which Mr.. Traylor is
head, made an excellent showing
last month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Housing Loans s2.O26. 900.

A total of 4.412 loans, aggregat-
ing S2O26O00 is actually on the
books of the federal housing admin
iStration. These figures, it is is eX-
planned by the housing administra-
ton. do not represent the total
number of loans actually made,
since many advances have been
made but not reported to date.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
u. S. CHAMBER HITS
RECOVERY EXPENSES
Government Activities Adjusted Re-
tarding Upswing.

By United Press
WASHINGTON, Sept. 22.-Direc-
tors of the United States Chamber
of Commerce today attacked huge
recovery expenditures by the gov
eminent as actually retarding re-
covery.
THE governments borrowing and
spending activities" said the direc-
tors, with consequent effect upon
monetary and revenue policies, are
retarding unemployment and re-
covery.
I'VE are confident that a pro-
gram to decrease expenditures and
to shape a definite, early approach
to balanced budget would improve
the general business outlook and
provide a basis for decided up
turn in business and employment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Road Votes Dividends

The first dividends on the per
cent preferred stock and certificates
of indebtedness of the Atlantic
Coast Line railroad have been an
nouneed. On the former shares
$3.50 was declared and on the latter
issue 6 per cent interest. Both dis
tributions will be made VIII n
earned. but directors set Nov. 10 as
the payable date.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Yearling Feeders Bought

Scott Meiks, manager Of the Pro-
ducers' Commission Association OF
Indianapolis, has returned here
after making purchases of cattle in
the Panhandle district Of Texas.
Mr.. Meiks, with Will Knapp. cattle
buyer of the association. have to
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Radin Sales Rise

Radio sales Of the Stewart-Warner
Corporation are running substan-
italy ahead Of 1888. according to
Frank A. Hitter. vice-president and
general sales manager. August sales
we're approximately four times those
of August. 1888, and exceed the
total of the first eight months OF
last year. September is likewise
showing encouraging gains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
REVENUE RECEIPTS RISE
August Total Shows Increase of
S23,956,111 Over July.

81 Jntted PreS8
WASHINGTON, Sept. 22-In-
ternal revenue receipts for August
increased S23,956,111 over July and
see, 390.594 over August 1888, the
treasury reported today.
The increase in the total to 1929
548,196 was attributed principally to
the capital stock tax, which amount
ed to S35 ,935,912 as compared with
s116,782 in July and 100000 last
August. Liquor, tobacco and process
ing taxes amounted to more than
half the revenue.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
BUYING POWER
SHIFTING FROM
CITY TO FARMS
Urban Area Concentration
in 1921 Held Cause of
Depression.
By Times Special


CHICAGO, Sept pa funda-
mental economic adjustment is taxi
ing place in the shift of buying
power from city to country. the
Agricultural outlook declared to-
day, adding that the shift of income
from farm to city in the decade fol-
lowing 1921 upset the economic bal
ance of the country.
Surplus income in the cities the
study points out. financed excessive
speculation. while deficient r.come
on the farms reduced the buyir
power that was necessary to main.
tain our industrial production. 4
reversal of that trend is a necessary
forerunner to general recovery, it is
said, and the substantial start made
in that direction is encouraging.
Psychology Is Changed
Even more important than tn
billion dollar increase in farm in
come this year." the Outlook con-
tinues lis the change in farm psy-
chology. Except in the worst of the
drought sections, encouragement
has given way to hope, and farmers
are planning more conStructively
for the future than they have for
many years. The sporadic farm
strikes which were making headlines
year ago have disappeared; the
strike problem is now in the cities
rather than on the farm.
ITO the business man this chang
ing situation means that the farm
market deserves careful study; that
it will be an increasingly important
factor in sales plans.
The cash farm income during
1884 Omitted States Department Q !
Agriculture estimates) will be &c.
900 900 ,000-a billion dollars aheac
of 1888 and $1,672 100000, or AZ per
cent ahead of 1899. This years
farm income will slightly exceed
that of 1881. The year 1884 is see
ing farmers a substantial part of
the way up recovery hill.
Estimated Income Up
Cash income from sales and
benefit payments during the first
seven months of 1884 was SOFA
100000, compared with $2,512000 900
for the same period in 1888 Esti-
mated farm income from August to
December, inclusive, will be $685.
100000, compared with $2,536,000,000
for the same months of 1888.
Using Chicago prices on Sept. II
and on the corresponding date in
1888, the combined value of five
grains in Indiana, Illinois, Wiscon-
sin, Minnesota, Iowa, the Dakotas
and Nebraska is 1914 100000, COM
pared with $1,000, 100000 last year.
Adding the benefit payments for
wheat and corn. the total value is
81 ,O89 100000, compared with ST.
O41 100000 last year, an increase Of
nearly per cent"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
UNIT TO RE0RGANIZE
American Service Plan Gets Court
Approval.
By United Press


KANSAS CITY. Mo, Sept. o.
Reorganization Of the American
Service Company, which operates 95
ice plants in thirteen midwestern
states, will be permitted under the
amended federal bankruptcy law
which allows reorganization without
liquidation. The plan for reorgan-
ization has been approved by fed
eral Judge Albert L. Reeves.
Company headquarters are IN
Kansas City. Bondholders submit
ted the plan, which calls for the is
suance of five shares of preferred
stock in exchange for each $500
bond.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
NEW PRESIDENT APPOINTED

Justin c. Nash was elected presi-
dent and a director of the Union
Stock Yard Company of Baltimore,
according to an announcement b
Robert L. Showacre, secretary-treas-
urer, following a meeting of the
board Of directors. Mr.. Cash sue
ceeds the late Jacob H. Baugher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
WOOL TRADE INACTIVE
Gable Reports From Foreign Marts
Indicate Steadier Trend.

By United Press
BOSTON, Sept. 22.-Trading in
domestic woods in Boston is at a
standstill, according to today's re-
port of the United States Agricul-
ture Department.
Gable reports from foreign wool
markets indicate a steadier trend
in prices than was shown last week.
Despite the decline in prices or fine
woods in foreign markets, opinions
Of many observers in this market
are that prices abroad are mostly
above the import parity.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
MOTOR BUS INDUSTRY
WILL BE REGULATED
Federal Rule Must Eventuate, East
man Declares.

By United Press
CLEVELAND, Sept. 22.-Federal
Transportation Co-Ordinator JOS
eph B. Eastman told the nations
motor bus operators today that
their industry must come under
federal regulation.
Speaking before the eighth an
nual convention of the National AS
ISOLATION of Motor Bus Operators
Mr.. Eastman espoused the doctrine
that all carriers should be publicly
regulated, especially when they en-
gage in interstate commerce.
He made it plain that the pro-
posed federal regulation of busses
and trucks would not be in behalf
of the railroads, but. "for the good
of every form of transportation. .
He expressed the opinion that con-
fict between the motor bus industry
and the railroads can be recon-
ciled in large measure"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
CAB co. EARNS $39,345
September Business Is Expected
Higher, Report States.

bJ tHttS SptCtut
CHICAGO, Sept. 22.-Net income
of the Chicago Yellow Cab Com
pany, Inc, and subsidiaries during
July and August amounted to $780,
345 after taxes and charges, it was
reported today.
The yellow Cab Company, a sub
sidiary operating in Chicago, re-
ported a net loss of S18,295 in July
and a profit of s15,061 in August
September business shows indica-
tons of an advance, the report
stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Regulations Issued

The Federal Home Loan bank
board has issued regulations for in
surfing deposits in building and loan
association. The insurance plan
corresponds to the federal insurance
of bank deposits in commercial
banks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Food Index Rises

An increase of 3 cents was regis
tered in Dun g. Bradstreet's weekly
food index during the week ended
Sept. Is, which brought the figure
to s241. Butter, hogs and pork pro-
ducts contributed the best increases.
In the corresponding week last year
the index was only S192.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
n United Pressl

TUN NalllEA IT00T
CHICAGO. Sept. i-Apples-Michiga n
NcIntosh. bushel 2i7-inch. 81 asa so
Tonatoes-Nfichigan Il Quart-oaskets.
2sc. Ohio. S quarts. s5G sOc. II quarts.
40 : soc sweet Potatoes Tennessee.
h-tShri slTllS Peaches - Michigan.
h~srsi Sf-sT1 50 Iettuce-Californla
r~s+es A. snTs9S Reaus-Illinois green.
kr,Srei $50 soc Cabbage - Wisconsin.
rrafeS S0f 7Sc Carrots California.
cretes e ,sT1sS PEPPERS - Illinois.
knShei So 7sc FCEplsnt-fllinois. hushel.
~ = sSc Celerv-Nichigan. crates squares.
$50 6Sc Western Cauhfower. crates. 81 q
! IS. Nichizan. TScGsi IS Grapes-Miehi-
rsr Concord y quarts Csc Crauberries
-MaSsachusetts boxes. Is buheel. 81 so
Orfon-Narket tsO-lh. sacksl-Miehigan
veiiows. IS r. 75c: Idaho whites. socG 81 Is,
Idaho yellovs. 75GsSe; Utah yelloVS
IS $50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
CAR LOADINGS Squirt
SHARPLY DURING WEEK
Last Weeks Total Rises 1926, to
645,9S6 Aggregate.

By United Press
WASHINGTON, Sept. 22.-The
American Railway Association to-
day announced carloadings OF reve-
nue. freight for the week ended
Sept. Is, totaled 645,986 cars, an in
cresee of 1926 cars over the pre-
ceding week, but 14,100 cars under
the corresponding week in 1882.
Miscellaneous freight loadings
we're 238,624 cars, an increase OF
SO. O89 cars over the preceding week
Loadings of merchandise in less than
carload lots totaled 1885 cars, an
increase of 2,543 cars.
Grain and grain products load
ings amounted to 37,765 cars, an in
crease of 1852.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22

Ordinarily there
would be nothing
unusual in the
product to get ex-
cited about. But
it so happens that
at this time its
appearance is of
considerable i'm
portance. G. err
many has little or
no gold, and be-
cause Of that fact
the German gov
ern m e mt has
placed very strict
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Lumber Shipments

New business. shipments and pro-
duction at the lumber mills Of the
country for the Sept. Is week, while
ahead of the previous Labor day
week. were below the average for
the preceding four weeks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
PRODUCTION HEAD NAMED

Ray A. De Vlieg, works manager
of the REQ Motor Car Company, an
nounces the appointment of E. j.
Goodbold as production supervisor
Mr.. Goodbold was connected with
the Chrysler Corporation for over
ten years, in various production and
planning capacities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22

Beet sugar growers and agricul-
tural adjustment administration
officials will meet Monday for the
purpose of completing work on the
beet sugar production control pro-
gram for next year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Former Mine Leader Dead

By Hiftd Press
DIES MONIES. IA. Sept. n
John P. White. 81. former interna-
tional president Of the United Mine
Workers Of America. died last night.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22

date purchased about 1000 head,
principally steer and heifer calves
as we'll as steer and heifer yearlings.
Shipments will be made to Indiana,
Ohio and Illinois.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
News and Views
on Finance.
Extension for RIG Seen
Providing New Deal Test
Chairman Jesse Jones and ICkes, Leaning Heavily on
Unit Will Defend 1t.
BY ROBERT s. BROWN
Times Special Writer.

WASHINGTON Sept 22-The New Deal will face egs-
of the
Extended organization Jan % 1882
lending the Roosevelt
administration liquidation fit
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Income Tax Revenue Dip
Eyed By Bill Drafters
Roosevelt Program Expected to Replace Hidden LevieS
With Higher Taxes.
BY THOMAS L. STOKES
Times Special Writer

WASHINGTON decided shift which has occurred in the
actual revenues from income taxes formerly the PACK
who drafting per-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
INDIANA TRADE
DIPS SHARPLY
DURING AUGUST
General Decline in States
Business Last Month
Is Reported.

Indiana suffered a marked decline
in the general level Of business &C
tivity during August. according 10
the Indiana Business Review
monthly publication Of the Indiana
university school Of business ad-
ministratiOn.
New car sales made much more
than the usual seasonal decline, but
remained above the like period in
the past three years. the report
stated. Fewer used cars were sold
in Indiana during the past month
than in any other August IN recent
years.
There was no general trend in de-
partment store sales. In most cases
the dollar value Of department
store trade was slightly above a year
ago. but the physical volume OF
trade was under the like period IN
1893. Hardware sales we're well
above the corresponding periods
during the last two years.
Advertising Higher
Postoffice receipts made a fair
contra-seasonal upturn. Newspaper
advertising gained during August.
Life insurance sales were under the
like period last year Bank debts
made slightly more than the usual
seasonal decline.
July operating schedules were
continued through August in most
steel mills. Majority of consumers
ordered only enough steel to round
out requirements they could not
draw from their own stocks. Tin
plate mills we're more active than
most other divisions Of the steel in
dustry.
Automobile production made a
contra seasonal decline, but re-
NAMED far above the record low
August total set a year ago. Pro
duction of auto accessories ana
parts also declined.
Several producers of Indiana coal
increased their operating schedules
during the last half of the month.
Retailers. domestic consumers and
industrial concerns continued to
show a tendency to refrain from
purchasing coal in anticipation OF
future needs.
Weather Hurts Power
Decreased industrial activity and
cooler weather we're largely respon-
sible for the "more-than-seasonaF'
decline in electricity production.
Very little change was reported
in the general employment situa-
ton. The small gain in the num-
Der of persons employed was offset
by an increase in the percentage of
employees working on part-time
schedules. The harvesting and pack
ing of truck crops provided consid-
cradle temporary employment.
Wholesale prices were higher Sept.
l than at any other time since early
in February. 1881. Prices paid for
farm products and foods have made
the largest gains during recent
weeks. Minor repair jobs continued
to constitute the major building &C
tivity in most sections Of Indiana.
Public works projects we're i'm
pOrtant factors in some cities ana
a few large industrial and CONNER
cial projects we're under cOnstruc-
ton. but most types of new build
ings were at a Standstill.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
NIiddIe West UtiIities

Yesterday the creditors and stock
holders of the Middle West Utilities
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-22
Retail Coal Prices


RE folloWira prices represent quotations
from leading Indians Polls coal dealers
A ascent esrrving charge Der ton Etii -
added
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1934-07-13
AUCTION
AT the request of Licensed Auctionesr
Arnold NJ. Golden
THE WELL KEPT
FURNlTURES
THE WELL KEPT

of Bankmaster / G. SCHlOTT of the
National Bank of the Danish West
indies, Christiansted consisting of
Small Mahogany Tables. Wash Stands.
Bedroom carpets. Bed Spreads and Mat.
tresses, Mahogany Presses. Chairs,
Bridge Tables.
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1934-07-13
! Teeth. beware of it

harmful grit or crude abrasive. 1t
is so safe that dentists recommend
it for cleaning the soft teeth of
children.
Don't expect the same results
from old-time dentifrices.
accept PepsOdent Test
To prove results, send coupon for
Today free test or buy tube-foF
sale everywhere. Do this now fog
your own sake.