davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
NEW DEMANDS
FOR FARM AID
SEEN IN OFFINC
Organizations Discussing
Forms of Appeals at
January Session.
BY DANIEL KIDNEY
Times Special Writer

WASHINGTON, Nov. 6.-The still
embattled. but somewhat less en-
Uttered, farmers will be back with
demands for additional aid and re-
lief when the next congress meets
in January. Farm organizations
over the land are discussing the
form of their demands. In all like
lihood they will range from slight
notifications of present farm IawS.
including the credit set-up and
AAA, to plea for debt cancella-
ton.
Senator Cotton Ed Smith
Dem, S. c. has announced prepa-
ration of bill to provide the farm
ers with separate bank system I'M
der governmental auspices.
Farmers unions in various states
are vociferous in demanding extern
sion of the Frazier-Lemke mortgage
moratorium idea, the bill passed by
the last congress having been found
partially unconstitutional in the
courts.
CanceIlationists Active
A merger of the farm debt cam
cellationists with the inflationists,
with a demand to print the money
for the farm mortgage pay-off, also
is a possibility.
Robert Catherwood, Farmers
union leader from Ambia, Ind, is in
Washington armed with huge maps
to show the debt-incumbered land
in his district. He charged that the
large insurance companies are re-
ducing Hoosier farmers to tenants
and that all federal efforts thus far
finnish only temporary relief
In his opinion the farm debts in
his district can never be paid, re-
CARELESS of parity farm prices. Dras-
tic action must be taken TO reduce
debts, he said, and thus permit
the farm family to continue to live
on its own land, mot as a business
but as way of life
The argument may wax strong
when the farmers are bringing pres
sure on congress. But a joker is
contained in it. The farm credit
administration points out that while
farmers are billed in semi-annual
installmentS for both principal and
interest, five-year period is pro-
vided by the farm land bank law
during which no principal payments
need be made.
Hopeful Signs
In other words, only interest pay
ments are actually due, under the
law, until July, 1888.
An optimistic report, showing a
% per cent gain in interest pay
ments during August, was presented
to the American Bankers ASsocia-
ton convention by w. 1. Myers,
governor of the farm credit adj
miniStration. An average of 1877
per cent had been paid throughout
the country, he said.
Another hopeful sign cited by Mr..
Myers was that appeals from farm
ers for emergency aid to prevent
foreclosure have dropped from the
peak of 370 a day to so or 70. Where
the debt, through a second mortgage
bringing the total to IS per cert of
the normal appraised value" is
handled through federal financing
no interest payments need be made
for the first three years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

September loans authorized by the
Reconstruction Finance Corpora
ton came to SIS, 722,128, according
to the monthly report issued today.
The report revealed ninety-nine
loans aggregating $14851 ,688 and
increases in old loans in the amount
of S870, 439. Baunks continued TO get
the bulk Of the grants, acquiring
S11,742,171 of the aggregate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
STOCK VALUES INCREASE
By Times Special

NEW YORK. Nov. 6.-The market
value Of fifty representative stocks
listed on the New York Stock Ex-
change as OF NOV. 3 was Sll.547 ,346,-
SIS. an increase Of S17S.S29. lbs, or
Is per cent. SIS compared with the
market value of Sll.36S.5l7.750 at
the close OF the preceding week. ac-
oording TO a compilation by Paul H.
Davis & Co. members Of the New
York Stock Exchange.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Other livestock
(By Times Specially


LOUISVILLE. Nov, e.-cattle-commer-
cial. 400: generally steady market on most
slaughter classes. quality rather plain:
bulk, common to medium. steers and nc
better finished quotable, IS to around
SIS so; bulk beef cows. 50. 50G3: low cutters
and cutters, s1.25G2.25; sausage bulls
mostly s275 down; bulk better Hereford
stock calves. s45oa5; most feeding steers,
S3d3.75 Calves-Commercia ESQ., market
steady. bulk better, yealers. IS .50a s.;
strictly choice handyweights. $3.50; me-
dunn and lower grades IS down. Hogs
Receipts. 700: market, steady tor. an 1a
lbs. s545: 255 lbs up. SIS. 40: I6o-l75 lbs.
s4.S5: l4o-l55 lbs s455; l20-l35 lbs, So 80;
desirable sows. $3.50 Sheep-Receipts, 200,
including about so stock ewes; sal stis
generally steady: bulk better lambs, IS;
choice quotable. ss-25 and above; bucks
discounted 81 a hundredweight most light
throwouts. So So bulk fat ewes, Sl.50d 2;
most stock ewes. salable, $3.50 head
down. Receipts Monday, cattle, CONNER
cisl / SIT, government 80. calves CONNER
eial sos: hogs 1908; sheep 355. Shipments
Monday. cattle commercial 694, calves
commercial 409s sheep 267s
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
POOL RETURNS FUNDS
Railroad Credit Corporation Repays
Is Per Cent.
By United Press

WASHINGTON, Nov. 6.-The
Railroad Credit Corporation re-
ported today that it had returned
S18,419797, or Is per cent of the
emergency freight revenues collect
ed since March, 1888.
The corporation reported eleven
liquidating distributions up to Nov
l. Of the returns S8034,733 was n
cash and S10,385, 064 in credit on OBJ
legations due the corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Produce Markets

Delivered in Indianapolis prices Heavy
hens, lie. Leghorn hens, 7c;, colored
geese, SC; young guineas zoe; old guineas,
15c. Turkeys-No. / young hens, lbs:
and over, 16c; young toms, IA lbs. and
2, crooked breasts and thin turkeys, lie;
Each full case must weigh SIS lbs. gross;
deduction of 10c pound for each pound
under SIS lbs. will be made. Butter-No.
l. 30631c. Butterfat-25c. Quoted by the
Wadley Company.
(By United Press
steady; receipts, SO trucks, cars due:
geese, lie; turkeys young toms, lie; old
toms 13c, hens 15c; old roosters. loo;
ducks, heavy, l4d 15c; SpringerS,e colored,
4 lbs and up, 15c; No. 2. 12c; hens, AZ
Cheese-Twins, 2s@l372c; Daisies, 13lac:
Longhorns, 141a@15c. tatoes-Supply
liberal; demand and trading slow; market,
steady on RusSets and McClures, dull on
others; Wisconsin Round Whites. 75M80c;
Idaho Russets, S1.57l2 M1.6712, combina-
ton grade, SIPS; Colorado McClures,
81 SPA Washington Russets, S1.70d17212;
arrivals 90, on track 284, shipments 6O3
CLEVELAND. Nov. -Butter-Market,
firm; extras, 32c, standards 32c. Eggs
Steady extra white. $50; current receipts,
Csc; pullets, 22c. Poultry-Market, steady;
fowl colored Az lbs. and up, tic; ducks
ordinary .l5c;, turkeys, young. 19a2osc;
@1.25 a 100 lb. bags; Michigan, o5@9oc
100 lb. bag.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
FRUITS AND VEGETABLES

CHICAGO. - Nov " 6.-Apples- Michigan
Mcintosh. bushels. 2ia inch, Sis: sweet
Potatoes-Tennessee bushels, 75I 80c. Let
pers-Illinois, bushels. asa SOC, few higher.
Celery--Michigan. square crates, 400 65c,
few, 85c. Oregon Cauliiower-Crates, 81 ~
igan Concord. I2-qt 30M35c. Cranberries
Massachusetts,. 4 bbls.. s5M3.25. Spin
acn-Missouri bushels. asa 40c; Illinois,
asa 35c Carrots-Illinois bushels. ana
SOC Celery-cabbage. Michigan. fiat crates.
SD 40c. Beets - Illinois and Indiana.
punches. I20 Ic. Onions-Ilinois. green.
lunches 81 &c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

at this time, when
the administration
and the bankers
are trying TO find a
basis upon which
they can work in
harmony.
Among his most
r e C e n t achieve
ments is the perfec-
ton of a question:
naire to be used in
the registration of
securities for trad
ing purposes. 1t
expresses q x9rt "
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Gardner to Speak

At the November meeting Of the
Marion County Bankers Association.
which will be held Thursday evening
in the Washington hotel, Leo NJ.
Gardner will be the principal speak
er. Mr.. Gardner will explain the
new state law governing banking
operations. Ewing COX also Will
speak at the meeting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
CHRISTMAS STIRS JOBS
More Than Half Million Will Get
Employment in Season.
By Timcs Special

By Itmcs Special
NEW YORK, Nov. 6.-The Christ
mas shopping season will create
more than 100000 temporary Jobs,
according to an estimate made by
the National Retail Dry Goods As
ISOLATION.
At least s30.0O0,0 600 will be paid in
extra wages during the season. the
group declared. Charming E SWEET
Ter. managing director Of the aSSo-
citation. says that indications point
10 a strong wave of buying.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Most Markets Closed

Principal stock and COM
modify exchanges throughout
the country remained closed
today. Election Day. Trading,
however, was continued as
usual at the local Union Stock
yards as we'll as in other GEN.
tiers.
All banks in Indiana were
closed all day, according to
Arthur V. Brown. president of
the Indianapolis learing
House Association. Indiana
banks are required by state
laws to remain closed on Elec-
ton Day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

Insurance men believe these re-
suits are matter of mob pSychol-
ogy. The principle reasons ascribed
for the down trend are:
Rising commodity prices were in
duced by New Deal policies and
cheapening of the money. Many an
individual and small merchant stood
to make inventory gains. This, it
is argued, would deter Umethical in
dividuals from causing their proper
ties to be fired to collect quick dam
age claims from the fire insurance
companies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
COFFEE SUPPLY LOWER

!. A AAANe - H"AAtAa
NEW YORK. Nov. 6.-world Wis
ible supply Of coffee. exclusive of
restricted stocks in Brazil. decreased
i23s.374 bags. or I4.9 per cent. dur
inc -cober. the New York Coffee
ana Sugar Exchange declared today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
RUBBER INDUSTRY HAS
PRONOUNCED UPTREND
Mechanical Division Operates on
Expanded Schedules.
By Times Special

By IlmeS Special
NEW YORK, Nov. ga strong
upward trend characterized move
ments in the rubber goods industry
during the first half of the current
year, Dun & Bradstreet, Inc, report
The mechanical division was OPP
Grating on expanded schedules, re-
f1ecting the higher rate of activity
in most industrial plants, which
called for requirements of betting,
hose and packing. Retail depart
ments were benefited by increased
pay rolls and suspicious weather
conditions, an important factor in
this division, as we'll as by the en-
larged demand for automobile tires.
Considerable rain during the
spring months was conducive to
the movement of raincoats and
rubberS, and during the summer
rubber bathing specialties and vaca-
ton novelties sold actively.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
60-Day Rule Invoked

The banking crisis caused invo-
cation of the SiXty-day rule on
policy contracts for payment of fire
damage claims. Last January this
period was reduced to thirty days.
This may have discouraged the ar
son-minded from burning his prop
erty for quick money if, perhaps, his
creditors were pressing him.
Collapse of the banking structure
apparently instilled public fear for
the solvency of insurance companies
as we'll as financial institutions, de-
spite the good solvency record OF
fire insurance companies throughout
the depression.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
BECOMES LOCAL AGENT

George r. Savage Joins Harris, Up
ham & Co. as Indiana Aid.
George r. Savage, for the last
twelve years connected with the
Continental Illinois Company, Chi
cago banking organization, has be-
come associated with Harris, Up
ham g. Co. as field representative
in Indiana.
Mr.. Savage was for nine years the
Indiana representative of the Con-
tinental Illinois Company and for
the last three years has been in the
Chicago offices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Mail Pilot Hurt in Crash

By United Press
LOCKWOOD, Pa, Nov. 6.-Air-
mail pilot P. l.. Brooks of Central
Anyways was injured early today
when he made a forced landing in a
heavy rainstorm on the Charles
Brugh farm, two miles north Of
here. The plane was damaged
badly.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Stock Studies

The National Cash Register Com
pany is the largest manufacturer OF
cash registers in the world and con-
trolls 80 per cent Of the output OF
the United States The company
manufactures over 500 different
types and sizes, many of them serv-
ing special purposes. In addition, it
manufactures accounting and Spe-
cial clerical labor saving machines.
Although basic patents have run
out, patents on Improvements pro-
tect it's machines, while its progress
sive research department is con-
stantly making new improvements.
Principal plants are located in Day.
ton, 0.
FINANCIAL DATA
AS of Dec. 81, 1888.
Common Stock (no par) ..1.62S,oo0 Shares res
e Cash and Securities ...... 24solio
Total Current Assets ........... 1890 400
Current Liabilities ..........-.. 2,l45 $50
During 1888 cash and securities
dropped about $2,300,000, while in
ventories gained nearly $2,100,0O0.
SURPRISES dropped nearly 100000.
Net working capital at the end of
1898 was 100000 less, but during the
nine months of this year it in
creased about 100000. On Dec. 81,
the book value of the common stock
was $4,000 or 35 cents less than at
the beginning of the year. On Sept.
80, 1884, the current ratio was 715
to l.
Earnings we're hit hard in the
past few years with deficits in 1882
and 1888. Last year, however, the
situation began to improve, result
ing in a 75-cent profit on the COM
mon stock in the first nine months
of this year.
National Cash Register has been
liberal with dividends. but owing to
deficits nothing was paid in 1882
and 1888. So far this year there
have been two 1872 cent dividends.
National Cash Register was in
corporated in 1926 in Maryland. The
common stock is listed on the New
York Stock Exchange. 1t is cur
rently selling at 15%.
(All Rights Reserved. Winchester Institute
of Finance, Winchester, MassJ
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
TIN CONSUMPTION RISES
Hague Council Reports Increase of
3.S Per Cent in 12-MOnth Period.
By Times SpcciaI

nN 4 lHfe NNfftut
NEW YORK, Nov. 6.-World con-
sumption of tin for the twelve
months ended last August totaled
l2l 400 tons. according to a bulletin
of The Hague statistical Office of
the international Tin Research and
Development Council.
This represents an increase of
3S per cent. while after allowing
for depletion of consumers stocks,
actual consumption for the same
comparative periods is estimated at
$4,000 and 121.SOO tons. respective
". or an increase of 1874 per cent
for the year. The depletion of con-
Sumers' stocks is estimated to have
been $500 tons during the twelve
months ended last August. and
4.S00 tons in the previous year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

the facts and figures the commits
sion desires fer passing on perma-
nent registration, thus eliminating
much of the unnecessary work the
various corporations and the COM
mission have been called upon to
do in the past in order to meet the
requirements of the law.
For fear of being charged with
evading the law corporations wish
ing to have their securities regis
tered have compiled huge masses of
data, much Of which is not essen
tial. The cost of this work has been
great, and it has added to the work
required by the commission to go
through it for the facts it actually
desires.
IT would occasion no great sur
Il prise if a similar procedure were
worked out for investment bankers
who seek the right to sell a security
they have underwritten. Such a
QUESTIONABLE would go a long way
to eliminate the worst features Of
the securities act, compliance with
which now is so costly and diff
cult.
The securities act takes in so
much territory and has such heavy
penalties for violation that under
writer's have been afraid to offer
securities for sale. Their lawyers
have added to their extreme dis
comfort by pointing out all the
things which could happen if one
It" is not crossed and one 81" is not
dotted. And where the lawyers
have not been sure of their ground
they have advised against market
ing operations of any kind.
Many people in Washington be-
lieve the bankers to be unnecessarily
afraid. But the bankers realize the
necessity of keeping within the law.
They have kept high-priced lawyers
in their employ for years, and they
know the value of keeping a close
watch on details where the law is
concerned. They are taking no
chances on judge or jury being
lenient a few years hence, as they
are being urged to do by those in
strumental in enacting the law.
n
IF the securities and exchange
l. commission can see its way clear
10 eliminate some of the obviously
nonessential details by preparing a
QUESTIONABLE of all the facts it
needs to know. it is reasonable to
suppose that the bankers will well
come it with open arms. Such a
memorandum would serve at some
later date to show that they had
tried to live up to the letter of the
law, and it would make it possible
to pass the buck if they were put on
the spot.
Mr.. Kennedy realizes the need for
long-term financing if the country
is to make much Roadway toward
recovery, and he has the courage
to take the action necessary to en-
courage such financing. Many an
other man would be inclined to sit
tight and evade the risk of criticism
which might some day be leveled at
him for his trouble.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
BRITISH ISSUES RISE
Corporate Funding for First Ten
Months Totals I24,O92, OIS Pounds.

By Times Special
LONDON, Nov. 6.-New capital
issues brought out in Great Britain
during October totaled 23,446, 272
pounds. compared with 10.026, 260
in October last year. the Midland
Bank. Ltd, reported.
Corporate funding for the first ten
months Of 1884 aggregated 124,092,-
OIS pounds. against 113.72S.556 in
the corresponding 1888 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
LOCAL CASH MARKrr

city grain elevators are paying s. cents
tor n. : son RED wheat Otner grades
On their merits. Cash corn No. ! yellow
= ee1IA ard cats ~ eenA
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Treasury Statement
By United Press

WASHINGTON. Nov. 6.-Government
expenses and receipts for the current fiscal
wear to Nov. 3. compared with the CORE
spending period Of the previous fiscal
This Year. Last Year.
Expenses 1881 las, SO ST. 49,. 6l2, 1852 IS
Receipts. 1926, 070.495.l2 990,2l9, 735 q
Deficit =. / .O95 OLA. 659.47 sol, 1913. 0l7.21
Cash bal. 1888 l62 1852 ..............
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06
Local livestock

(Reprinted from yesterday
HOGS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

velopm ents in
Trade and Industry
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-06

Latest Stock, Bond and
Commodity Quotations
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1934-08-18
No. 4533O.
ORDER TO SHOW CAUSE ON Fill
ING PETITION TO SELL
MORTGAGE-LAN

State of Minnesota, County of Hen
nepin, Probate Court.
In the Matter of the Estate of Henry
W. Van Horn, Deceased.
On reading and filing the petition
of Ella A. Perkins and Howard T.
Van Horn executors, of the estate of
said deceased, praying that license
be to them granted to sell certain
of the real estate of which said de-
ceased died seized, and it appearing
by said petition that-it would be
for the best interests of the estate
and of all persons interested there
in-there is not sufficient personal
estate in the hands of said executors
to pay the legacies and expenses of
administration, and that it is neces-
sary in order to pay such legacies
and expenses, and would be for the
benefit of said estate to sell the said
real estate in said petition described.
It Is Therefore Ordered, That all
persons interested in said estate ap-
pear before the said Probate Court
1T . Special term thereof to be held
on Tuesday, the 4th day of Septem-
Der, A.. d. 1884, at ten o'clock in
he forenoon at the Court House, in
the City. of MINNEAPOLIS, in sai(
County then and there to show
cause (if'any there be) why license
should not be Granted to said execu-
tors to sell said real estate. accord
ing to the PRAYER of said petition.
And 1t Is Further Ordered, That
notice of such hearing be given to
all persons interested in said estate,
by publishing this order once each
week for three successive weeks.
nrior to said dav % hearing. in the
Twin City Herald, a newspaper
printed and published in said Coun-
ty.
Dated at Minneapolis, this 9th day
of August, 1884.
By the Court:
MANLEY L. FOSSEEN,
Judge of the Probate Court.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1934-08-18
No. 1880.
ORDER FOR CREDITORS TO
PRESENT CLAIMS, ETC.

State of Minnesota, County of Hen
nepin, Probate Court.
In the matter of the Estate of Henry
w. Van Horn, Deceased.
Letters testamentary on the estate
of Henry w. Van Horn, deceased,
late of the County of Hennepin and
state of Minnesota, being granted to
Ella A. Perkins and Howard T. Van
Horn, of Hennepin County, Mime
sofa.
And it appearing upon proper
proof by the affidavit of the said Ella
A. Perkins, made and filed herein,
that there are no debts against the
estate of the said Henry T. Van
Horn.
1t Is Ordered, That three months
be and the same is hereby allowed
from and after the date of this or
der, in which all persons having
claims or demands against the said
deceased are required to file the
same in the Probate Court of said
County of Hennepin for examina-
ton and allowance, or be forever
barred.
1t is Further Ordered, That the
first Monday in December, 1884 at
ten o'clock a. M, at General Term
of said Probate Court, to be held
at the Court House in the City of
Minneapolis, in said county, be and
the same is hereby appointed as the
time and place when and where the
said Probate Court will examine and
adjust said claims and demands.
And 1t Is Further Ordered, That
notice of such hearing be given to
all creditors and persons interested
in said estate by forthwith publish
ing this order once in each week for
three successive weeks in the Twin
City Herald, newspaper printed
and published in said County, and by
mailing a copy of this order to all
the. legatees named in said will and
heirs-at-law of said decedent when
their address is known or can be as
certained by due diligence, at least
fourteen (14) days before the date
Of said hearing, unless notice is
waived.
Dated at Minneapolis, this 9th day
of August, 1884.
By the Court:
MANLEY L. FOSSEEN,
Judge of the Probate Court.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1934-08-18
Legal
Notices
SUMMONS

State of Minnesota, County of Hen
nepin, District Court, Fourth Ju-
dicial District.
Walter Anderson Smith, plaintiff, vs..
Clara Smith, defendant.
The State of Minnesota to the above
named defendants:
You are hereby summoned and re-
quired to answer the complaint of
the plaintiff in the above entitled ac-
ton, a copy of which has been filed
with the Clerk of the District Court,
Hennepin County, Minnesota, and to
serve a copy of your answer to said
complaint on the subscriber, at his
office in the City of Minneapolis in
the County of Hennepin, within thir-
ty (30) days after the service of this
summons upon you, exclusive of the
day of such service; and if you fail
to answer the said complaint within
the time aforesaid, the plaintiff in
this action will apply to the Court
for the relief demanded in said com.
plant.
Dated June 7th, 1884.
EMMETT P. MAHONEY,
Attorney for Plaintix,
302 Vanderberg Building,
Minneapolis, Minnesota.