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

AAAASbAN ~ ohSAA
movements. Their attitude I'M
doubtedly affects their buying and
forward planning, which, in turn
helps or binders business.
At the moment fears concerning
business are much worse than the
facts of business CLEANED from the
various trade centeTs warrant. The
volume of turnover in a number OF
lines appears larger at present than
for a long time, and, while it is true
that a modest recession has taken
place in other lines, this recession
has not been particularly disturbing
But it is entirely possible that re-
turns over the next few weeks may
entirely warrant the fears which
are being expressed today. If this
should prove to be the case it may
well be that the market break hao
an important part in it.
r.
GONE people expect the govern
~ ment to throw enough money
into the business hopper to keep it
from dropping below normal sea-
sonal proportions this summer
Others contend that, despite govern
ment expenditures. trade will re-
ceive a setback due to the fear which
has been created by proposed fed
eral legislation, Wall Street oropa-
ganda and to the uncertainty OF
business leaders over what they
may expect later on in the way of
unfavCrable legislation.
1t has been charged that Wall
Street has hurt the chances of bust
ness recovery by putting out propa-
ganda to prevent the passage OF
extreme business and market reg
ulation measures. These charges
undoubtedly are true. But it prob
ably is Just as true that the govern
ment itself also has hindered re-
covery by putting out propaganda
to build up the right sort of public
attitude to receive such legislation.
While it may be eXpedient from
a practical standpoint for the OPP
posing forces in the reform move
ment to go to extremes in their ac-
ton and assertions, it is, neverthe-
less. unfortunate if such is the case.
If such excuses are necessary to
accomplish results. those who par
ticipate in them not only are max
ing the road of the average man
more difficult. but they are insulting
his intelligence while doing so by
advancing the theory that it must
be done.
MANY of the statements which
WI have gone out from Wall
Street in recent months are just
about as cherries as they could be.
In fact, some of them may be
termed the results of studied If
forts to create pesSimiSm. Some OF
the statements originating in high
quarters in Washington were equally
charged with peSSimiStic dynamite.
The normal reaction to such state
ments was to lose faith in all those
having anything to do with the
credit machinery of the country.
And credit happens to be the axis
upon which business revolves.
Few people, even in Wall Street,
will question the need of reform in
our market and banking operations.
But must there be a barroom brawl
involving the branding of all bank
ers and brokers as crooks, a break
in the stock market and a slump IN
business at a time like this to get it?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
Retail Coal Prices
lBy Abbott. Hoppin g Col.

The following prices represent quota
tons from leading Indianapolis coal deal
ers- cash discount of IS cents per ton
is allowed
nnmesiic Reian Prieea
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
Cash Grain

Local Wagon Wheat
City grain elevators are paying rs cents
for No: soft red wheat. Otner grades
on their merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
U. S. GOVERNMENT BONDS
TOTAL SALES, $1,000 SHARES
May 12-

by United Press
NEW YORK. MAY 12.-Closing Liberties
(Decimales represent 32nds.l.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
SHORT COVERING
AT CLOSE AIDS
STOCK VALUES
Buying Squirt Develops as
Senate NearS Final De-
CiSion on Bill.
BY ELMER c. WALLER
United Press Financial Editor =

NEW YORK. May 12.-Short'
covered just before the close or
the Stock Exchange today, arreStine
another wide break in prices that
+ carried the list TO new 1884 lows
That last half-hour squirt of buy
ing by the stock bears came when
the senate was going into session to
take final action on the Stock Ex-
change regulation bill. Uncertain
as to just what the bill would do TO
markets, the shorts were taking no
chances.
Earlier in the session, longs did
further liquidating. There was con-
siderable selling of weakly margined
accounts. Some short selling also
was done in the first hour and a
half. At the lows the prices were
down fractions to 3 points.
New Laws Are Made
Follansbee Brothers was weak
spot, breaking 3A points to "a on
receivership for the company.
Among the other issues making new
lows for the year and their lows
were American Can 933s, off Us;
Atchison 512l, off IA; Bethlehem
32h, off IL; United States Steel
Az, off IA; Chrysler 377s, off ~;
Dupont 813a, off rs; General Mo-
tors 3012, off IA, and Westinghouse
Electric 3024, off II.
Those issues rallied on the late
recovery. Most of them, however,
closed under last nights last levels.
American Telephone was steady
when the market was declining and
rose a point when the shorts covered.
It's strength was based on anticipa-
ton directors would order the reg
ular quarterly dividend of $225 at
the next meeting due shortly. Other
communication issues were steady.
Utilities made better showing
than the industrial and railroad
groups Rails were down point or
more with several, including Gen.
trail, Baltimore & Ohio, and Penn
sylvania in new low ground for the
year. Oils were dull with prices
little changed.
Automobile shares we're driven to
new lows in the first part of the
session on outlook for reduction in
output. They rallied from the poor
est levels, but closed lower.
SilYers we're depressed in the face
of a recovery in silver metal. The
latter opened at losses ranging to Y
cent an ounce. Coppers were Slight
ly lower.
Cotton Futures Drop
Cotton futures were down small
amounts; rubber lost up to Al points
in the distant positions; copper flu
lures firmed slightly. Bonds were
lower, with United States govern
mentS joining the downturn. The
dollar f1rmed.
Business news was light. The
Youngstown district reported steel
operations there next week would
rise to 81 per cent of capacity. That
was the peak rate of 1888 and is the
best touched, aside from last year,
in the last four years.
Stock sales today approximated
1.110,000 shares against $4,000
shares last Saturday. Curb sales to-
day were $4,000 shares against 1885,
900 shares last Saturday.
Dow Jones preliminary averages
showed industrial 1922, off 90;
railroad ALL, off SO; utility 2211,
off 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-12
N. Y. Coffee. Sugar Futures

COFFEE
Nav IL
-SantoS-
Evening star., 1934-04-21
Paint Will Renew Roofs.

Dried-out composition roofs may be
renewed with q specially prepared
utility paint which is good also for
metal roofs, cutters, iron fences.
bridges, underneath tenders, farm
and similar surfaces eX-
POSED to the weather. It resists brine,
corrosive fumes and liquids.
Evening star., 1934-04-21

persons are directors of both organiza-
tions. The main objective of this
company was TO provide cheaper
class OF dwellings coming in direct,
closer competition with the alley
dwelling. Exclusive Of the new pro-
ject the two companies provide quar-
ters for about 800 families.
Instead Of building in rows as In
the past the company is making a
departure by arranging smaller group
units with open spaces on all sides OF
the buildings. Advantage has been
taken Of the shape Of the site and
the fact that 1t is covered by an
original growth Of white oak trees, to
build around the outer edges Of the
plot and to preserve parked area in
the center as recreation and play
ground. In previous projects most of
the trees have been destroyed.
The company will take care Of the
landscape treatment and the exterior
parking so as to preserve the general
appearance. Provisions also have
been made to care for laundry, refuse
and other domestic functions and
avoid the haphazard arrangement that
gives such apartment blocks a tene-
ment appearance.
Evening star., 1934-04-21
OWNERS WILL FIGHT
HEAT BILL IN HOUSE
Measure to Compel 6S-Degree
Temperature Called believe.
It-or-Not Law"

Characterizing the bill recently
passed in the Senate, which would
compel owners to furnish heat at
60 degrees from 7 am. to 10 pm. in
all buildings where there is an agree
ment to furnish it. as "believe-it-or-
not" piece of legislation, representa-
ttves of the Building Owners and
Managers Association of the District
stated today that they were ''mobiliz-
ing every force at our command to
defeat the measure.
The bill provides for a penalty of
from s25 to S100 a day for viola
tions. If the association is unable
to defeat it it hopes to have it greatly
modified in the House
In pointing out unusual and un-
fair features of the measure the as
sociation declared that under its terms
if, for example, the heat failed in
a building containing 100 apartments,
a fine of S100 could be levied for
each apartment each day the tenn
perature was below So degrees, even
though it was for only minute. The
owner of such an apartment house
would be liable for $4,000 fine day.
If the temperature dropped to so
degrees in midsummer and the ther-
mometer in the Office or apartment
fell below the stated mark, the owner
could be taken to Police Court and
fined. according to the associations
Interpretation. The word of the ten
ant would be taken as final as, ac-
cording to the association there is
no provision made for Health De-
partment tests.
The measure is backed by Dr. Will
liam F. Fowler, District health officer,
although the Commissioners voiced
their disapproval.
Evening star., 1934-04-21

In the effort to avoid the use Of
the living room as bed rooms addi-
tional space has been provided in the
plans for the new apartments. to
replace the one bed room idea
followed in most of the older houses.
Provision has been made for families
with children.
The appointment will be both
modern and complete with tile baths,
kitchens equipped with china closets.
There will be dressers and other new
fixtures. The exterior will be entirely
of Colonial brick. slate roofs and
white cornices.
John Joy Edison is president of
the Washington Sanitary Improve
ment Co. Other officers include
William F. Willoughby, vice presi-
dent; George S. Wilson, secretary,
and Walter S. Pratt, jr., treasurer.
The board of directors is comprised
of the officers and the following
Appleton P. Clark, jr., F. v. Coville,
Charles D. Davis, Walter Donaldson,
E. L. McAleer, ]. H. Mcdowell,
Charles E. Munroe, George T.
Vaughan and G. A. Weber.
Evening star., 1934-04-21

located in the Rockefeller Center Sec
tion Of Manhattan. It's officers are ::
Gardner w. Taylor, president. j. Spen-
Ger Smith, vice president, and A. G.
Lampke, secretary and counsel.
The organization Of the first Fed
eral association in the Nations finan-
ctal capital is of special significance. :"
Fahey said, "in view of the purpose Of
such Federal institutions to attract
private savings into home loans bv
providing safe means of investment
Tor people Of large or small means and
practical method Of finarcing home
ownership"
Evening star., 1934-04-21
FARM
TOPIC OF TALKS
Institute of Brokers Will
Hear Speeches on Making
Budget.

The problem of making foreclosed
farms pay and OF making a budget for
the development and permanent oper-
alton Of a rundown farm will be two
of the topics for discussion before
the Institute Of Farm Brokers and
Managers Of the National Associa-
ton Of Real Estate Boards at its
first convention to be held in con-
junction with the twenty-seventh
convention of the national association
in Minneapolis June $500
The new institute, together with the
American Institute of Real Estate Ap-
praisers of the association, now 2
years old. the Institute of Real Estate
Management, now beginning active
operation, the mortgage and finance
division. land developers and home
builders division, and the industrial
property division, will meet simulta-
neously on Tuesday and Wednesday of
convention week, June 26 and 27. Each
will go into the changed outlook for
its own special phase Of real estate
activity. Speakers will be men in
each group who have something to
contribute in regard to changes in
business methods now evolving.
w. D. Davis of the Suiter-Justus
Farm Co.. Inc, Kansas City, Mo-,
will address the farm lands group
at the Minneapolis meeting. on making
foreclosed farms pay. Step -by-step
procedure will be emphasized. Charles
r. Wright of Fergus Falls, Mimi,
former president of the Northwest
Farm Managers Association, will lay
down the principles for making bud
get for bringing a rundown farm
oack into permanently successful cper-
alton.
Clarence M. Lewis, New York,
known over the country as an author
ity on lease law, author Of Law of
Leases of Real Property will address
the Institute Of Real Estate Manage
ment on Security Devices in Leases" Z"
Evening star., 1934-04-21
SENATE MODIFIES
RENT INCOME TAX
Real Estate Boards Request for
Changes Now Up to
Conference.

The Senate has written into the
proposed Federal revenue act relating
to personal holding companies small
allowance for rents, in adopting a
definition which was made, it was
stated, to take care of real estate
operating companies.
Notifications of the measure which,
as it passed the House, would have
meant almost so per cent income
tax on ordinary legitimate real estate
corporations. many of them held by
not more than five persons. was re-
quested by the National Association
of Real Estate Boards in brief filed
last month with the Senate Finance
Committee.
The Senate provision was included
in the amended bill passed April l3
Evening star., 1934-04-21
BUILDING DESIGN
TASTE IMPROVES
Council Approves Standards
of S225,OOO Homes
and Apartments.

Commenting that the average quail
ity Of building design recently has
shown improved taste, the Architects
Advisory Council this week gave ap-
proval as to architectural standards
Of 10 single family dwellings and IA
small apartment houses to be erected
in the District shortly at a total cost
Of $225,000.
THE jury believes that the average
quality of designs submitted shows a
greater simplicity and consequently
an improved taste" the council re-
ported in announcing the approvals.
The approvals included four groups
OF flats to be constructed at Trinidad
avenue, Raum street and Simms place
northeast by the Washington SAM
tary improvement Co., builders of low
cost homes.
Where bizarre attempts are made"
commented the council, Ito show &C.
centric features, they are promptly
disapproved on the ground that they
are, generally speaking, bad inf1u
ence. On the other hand where a de-
signer plans home logically and SIM
ply the chances are that the exterior
design will reflect favorably the logic
and simplicity of the floor plan"
The buildings approved by the
council include:
Six dwellings to be constructed by
L. E. Breuninger at 1915 Sixteenth
street, 1927 and 7l3l Eighth street,
1916 Montague street, 1921 Kalmla
street and 821 Dogwood street. The
four groups of fats of the Washing
ton Sanitary Improvement Co., in
Guiding IA buildings, were designed by
A. P. Clark, jr., architect.
A dwelling for 1909 Chesapeake
street, designed by H. P. Baxter for
Meadowbrook, Inc; another at 1925
Nicholson street for G. F. Mikkelson,
builder, designer and owner, and resi-
dences at 6601 Seventh street for
Moore & Warther, designed by w. V.
Bennets, and at 1901 Forty-third
place, G. S. White, designer; P. H.
Willis, builder and owner.
Evening star., 1934-04-21

and sent to conference. 1t also makes
allowance for retirement of debts in
Cured prior to January l, 1884, and
first 100000, 40 per cent on larger
undistributed income, as compared
with the 35 per cent fiat rate pro-
vided in the House bill. A reasonable
allowance for debt retirement ano
the change in rates were also asked
in the associations brief.
Evening star., 1934-04-21
HISTORIC PROPERTIES
IN MARYLAND SOLD
Northwest Point and Gould
Farms on Eastern Shore BoughN
by New Yorkers.
Special Dispatch to The Star.

Special Dispatch to The Star.
CHEsTERTOWN, Md, April 21.-
Several historic properties have
changed hands here during the last
few days. The sale of the Northwest
Point farm and the adjoining Gould
farms brings to an end an historical
family ownership of Eastern Shore
land. New Workers have acquired the
properties, which were owned in part
by Robert E. C. Lowe of Centerville
An ancestor of the owner accom-
panied Leonard Calvert in the Ark and
the Dove water caravan to the New
World and landed in st. Marys County
300 years ago. He received a patent
to tract of l 900 acres of land known
as Loves Arcadia, which included the
farms just disposed of. Ownership of
part of the entire tract has gradually
passed from the family through mar
riage and sale.
The estate of the late Nelson Stevens
of Baltimore, near Rock Hall, has been
sold to a Canadian who served in the
Air Corps during the World War. The
farm comprises 410 acres.
Evening star., 1934-04-21
CHARTER GRANTED
LOAN ASSOCIATION

New York Gets New Type of
Home-Financing Insti-
tuition.
John H. Fahey, chairman Federal
Home Loan Bank Board. announced
this week that a charter had been
granted for the establishment of the
First Federal Savings g. Loan Asso-
citation of New York. marking the en-
trance of a new type of thrift and
home financing institution into the
metropolis.
The institution eventually is to be
Evening star., 1934-04-21
Paint Beneath Floor.

Moisture and dampness, which come
up from the ground and through your
porch floor to cause the paint on the
upper side to blister and peel, often
may be thwarted by painting the
under side of the porch floor. In
building a house this should be done
in the course of construction.
Evening star., 1934-04-21
LIQUID Roof Cement.

A liquid roof cement now on the
market makes roof or deck, where
the surface is not in the best condi-
ton, smooth and seamless. 1t remains
elastic, but does not run or crack in
extremes of heat or cold.
Evening star., 1934-04-21
Sandpaper Rusty Spots.

Rusted places should be sandpaper-
ed bright and touched up with primer
or enamel, thinned as directed, before
being painted. These base applica-
tions should be thoroughly dry before
the general coat is applied.
Evening star., 1934-04-21

~ ERMITS were issued this week
- for erection of the latest pro-
ject of the Washington Sani-
L tary Improvement Co, the OBJ
ject of which is to furnish
sanitary houses at reasonable rates
The projected group of houses will
cost slightly over $4,000. and are
designed to take care of so families.
The buildings will front on Trini-
dad avenue, Raum street and Simns
place northeast. which is approxi-
mately two blocks east of the Colum-
bia Institute for the Deaf. They will
provide apartments modern in every
respect from three to six rooms at
moderate rentals.
The company was organized in
1897 by the late Gen. George NJ.
Sternberg and DR.. George M. Kober.
The basic idea was to produce hous-
ing accommodations which would
compete directly with the alley
dwellings. At that time there were
more than 10000 people living in
alleys while this number has been re-
duced to about 5000 at the present
time.
In 1904 the Washington Sanitary
Housing Co. was formed and many
Evening star., 1934-05-06

his popular attractions was an art gallery in
which were a few excellent copies of famous
paintings the artist being Charles Armor, who
had reputation for this type of work
Sublots 81 50 and So were owned by william
Gunton and later carried in the name of his
estate.
QARBER & ROSS hardware store, before re-
- ferred to, was at GIL Pennsylvania avenue,
before moving to F street. 1t is quite likely that
Samuel Ross, for many years head of the firm,
until his death few years ago, started work in
Washington sash maker at 718 D street
northwest in 1878. The following year he was
a member of the firm of Barber Henderson &
Co. builders materials. 318 Eighth street. and
by 1883 the firm had moved to 1914 Pennsyl-
vania avenue, from which it moved to 9l1 as
stated. and from there to street. Solomons
& Chapman's book store was at this Avenue ad-
dress at one time
At 913 Pennsylvania avenue was once Grimes
piano store, and later came Gilbert, the tailor.
At 915 was Chapman & Taylor's book store.
Taylor &, Hufty, william H. McKnew, w. S.
Teel mems furnishings; E. Simon, notions;
Adams Express Co: Berens. the baker: Brue-
ninger. jeweer; Moore & Ledding, jewellers;
Calisher in the same business; Hess, the shoe
merchant; Dutton g. Strickland. and Cline
Brothers, bicycles. were in the same block
The Central Union Mission was started at
$50, and the Salvation Army also met here at
early date.
In the Cos, M Samstag had his ale vaults at
the southeast corner Of Pennsylvania avenue and
Tenth street and H. Adler sold notions a few
doors to the east, while John R. Elvans sold
hardware nearby. Henry Delowski's pharmacy
was also on the south side. was M Open
heimer who manufactured saddles, harnesses,
etc Augustus Johnson, commission merchant,
was at 208 (old numbering).
Evening star., 1934-05-06
Last of Great Scouts

4 AENTTON the name Buffalo Bilf' and
wi almost anybody's ears and eyes will open
wide to hear tales of the pioneer days in the
West, when cowboys and buffalos were wild and
a fight with the Indians was all part of the
days work.
Buffalo Bills" real name was William Fred
erick Cody. He was the last of the great scouts
of the West, the others being Boone. Crockett.
Carson, Bridger and wild Bill" The daring
horsemanship of Buffalo Bill' as lad who
was riding the Pony Express" has been told
in many romantic tales of those early days.
Before the railroads had cut their way
through to the Pacific Coast, the Pony Ex-
press" the only means of getting communi-
cations through from st. Joseph, Mo, to Sacra-
mento, Calf. In his travels from one post to
another Buffalo Bill learned much Indian
lore and many customs which helped him when
he became scout for the United States Army
during the Civil War. He also took part in
the campaigns against the Sioux and Cheyenne
Indians in which he performed hair-raising
deeds Of valor, one of which was to kill the
Cheyenne chief, Yellow Hand, in single combat.
Cody was called Buffalo Bill" because he
contracted to furnish buffalo meat to the
laborers laying the track of the Kansas Pacific
Railroad in 1867 During this time he is oAid
to have killed many thousands Of buffalos.