davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Produce Markets

Delivered in Indianapolis prices: Heavy
springers. l2c: old ROSTERS. Sc; ducks. 7c;
l5c; Turkeys-No. / young hens, lbs;
and over Ice: young TOMS IA lbs and
over. l7c: young toms. ll-l4 lbs, l5c: No.
?. crooked breasts and thin turkeys. lie:
old toms. all weights. 13c. No. 1 strictly
fresh country run eggs. loss of. Csc.
Each full case must weigh SIS lbs. gross;
a deducatlon Of l0c a pound for each
pound under IS lbs. will be made. Butter
No. i. 500 Bic. Butterfat-26c. Quoted BY
the Wadlev COMPANY
(By United Pressl
CHICAGO. Nov Is. - Eggs - Market,
steady. receipts 1923 cases: extra firsts,
soc. fresh graded frsts. 81 &c: current re-
ceipfs. 24N CSC: dirties No. l. 20l2c: No.
?. lSc: checks No. l. 19i7c No. ?, 16c
Bufter-Market. easy. receipts. 6.39l tubs;
extra firsts l90-9li2 scorel 27ss N 29i &C:
extras t92 scorei. 29i2c: firsts t88-89i2
scoret. 26T2 &C. seconds f86-87i2 scorel &,
pa IN Csc: specials 30G 30i &c: standards,
z72sc- Poultry-Market. steady: receipts
30 trucks. I car, l car due; geese. lie;
turkeys, l5i7C. old ROSTERS. l0c: ducks.
small lie. springers. lbs. UP. l4i2 n l6c;
hens. heavy. lac: guinea hens. a Dozen
S7W1s Leghorn Springers. lli7c, Leghorn
hens. l0i2c Cheese-TWins. 1871 1873 &C;
Daisies. 14Tl4i4c; LonEhorns. 14i7G 15c.
Potatoes-Supply Moderate; demand and
trading slow: market. about steady; Wis
consin Round Whites. S0H S5c: Idaho Rus
sets. Sl5OGi60: Colorado McClures.
81 T7ian 100 Arrivals 81. on track 240
shipments 500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Other Livestock
(BY United Pressl

20 900 including $1,000 directs: active loc
higher than Wednesday; weights above
So as g. light lights s. as ssGghter
pigs. s.: 25M rs; good packing sows. $50
G589; light lights: 14o,i6O lgs:i good a nd
lbs good and choice. s5.25G5.90: medium
weights. 200-25O lbs. good and choice.
S575 SO; heavy weights 25o-35O lbs
275-550 lbs. medium and choice, 4.1o4
$50; slaghter PIGS, loocl3o lbs. good ana
h o6S 10 500 Gaf E esPes
1000 commercial 100 government; meager
supply better grade steers with weight:
lower grade heayies and rank and file
light steers and yearlings about STEADY:
top. SO so: comparatively little above 50:
to $3.50. with common kinds s3d4; very
dull and weak 10 lower again on COWS
and bulls; Slaughter cattle and vealers:
Gs75: S0o-i1o % lbs ~ good and choice
So 25G92 Is; 1lo0-1 300 lbs good and
choice ss7 10; 55o-l 300 lbs. common
ind medium. 50 75a SIS: heifeTs. 55o-750
lbs, good and choice. s5@a.25: common
4 i75 Common Common and medium. s3g8 low
cutter and cutters. sI.5ON2; bulls. YEAR
lings excluded. good. beef; s2.75a $50;
vealers. good and choice. s5.5ods-50; me-
dium 81 30 $50; Gull and common. 50 e
30. Sfocker ana leeCer cattle. steers,
55O-1 $50 lbs. good and choice. s4G52
common and medium. s275G4. Sheep
Receipts y 600: slow: undertone. weak
10 CSC lower on slaughter lambs: sheep
and feeding lambs. relatively scarce;
about steady; bulk fat lambs bid IS so
downward: best held well above S. s.:
slaughter sheep and lambs. lambs. 90 lbs
down. good and choice. s6.l0M SIS. COM
mon and medium, S5-50N6.25s ewes, go
$50 lbs, good and choice 81 s5a 50: all
weights. common and medium. sl.501
/ 40. feeding lambs, 50-75- lbs. good and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
MANY STOCKS
ON BIG BOARD
AT NEW HIGHS
Active Start Spurs Interest,
Sending List Up Frac-
tons to 2 Points.
BvUHifcd Prcss

~ Hifc0 Frfss
NEW YORK. NOV. 15.-An open
ing al the rate of more than
100000 shares for a full five-hour
day brought renewed interest into
the stock market today with prices
rising fractions to 2 points.
New 1884 highs we're recorded in
many issues, particularly tobacco
shares.
There was interest also in auto
mobile equipment shares with Briggs
Manufacturing active and at a new
high Of %. up l point. Borg
Warner set a new high at 1914,
up 2.
Other new highs included Con-
tinental Can at 6lia. up 3. Gillette
at l4as, up q, Bayuk Cigar at Az,
F. E. Myers & Brother Company
az 25. up Ia and Underwood FL
lott Fisher at 53is, up Is.
American Telephone eased frac-
tionally on plans for an investiga-
ton Of the system by the COM
munications commission. The re-
mainder of the general list showed
fractional gains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15

looks like an almost impossible bar
rier at the very start. 1t might be
possible to get somewhere with an
international conference, called Tor
that express purpose, or 1t may be
necessary to await complete
collapse of the gold standard and a
currency war before an agreement
will be politically possible.
When and if the currency prob
lens are solved it will then be posi-
bic to work out such things as
tariffs and trade preferentials, as
suming the latter is to become a
permanent part Of world trade
agreements. But inaSmuch as 1t
will be necessary some day to be-
GIN almost from scratch on the sub
ject of tariffs, it might be well to
give some consideration now to the
idea of providing permanent elm
nation of some of the unSatlSfac-
tory tariff making practices OF the
past.
JAMES P. WARBURG, Vice-chalr-
J man of the Bank of Manhattan
Company, has some very interesting
ideas on the subject. In speech
delivered in Chicago a few weeks
ago. he advanced the idea that con-
gress be given the power to fix the
nations tariff policies. but that the
President be delegated to carry out
these policies with the aid Of tariff
commission. He would, however,
place safeguards around the powers
given to the Chief Executive in that
respect.
Mr.. warburg hit the nail on the
head when he said that: Under the
old system it made very little differ
ence whether the additionally high
tariff Republicans or the tradition
allN low-tariff Democrats were in
power. In either case the horse
trading process between various Sec
tional and special interests meant
mutual back-scratching and conse-
quently higher and higher tariffs"
IF congress were to beside on the
l. international trade policies of the
country. and If the President were
TO get the job of carrying out these
policies and reporting back TO con-
gress. several important benefits
would result. In the first place We
at least would have definite policy,
which would be known to every one.
Secondly, the horse-trading practices
of tariff fixing would be eliminated
&c a very large extent. And still an
other benefit would be the establish
ment of a better balance between in
oustry and agriculture. In other
words. the interests OF one could be
sacrificed for the other when either
became unduly depressed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
BANKERS NAME GROUP
TO AID EXPORT TRADE
Body viii Advise ExpOrt-Import
Banks on Problem.
ByTi-rs Special

81 frffs ffcidi
NEW YORK. Nov. l5--The
American Bankers Association has
appointed a committee Of bankers 10
advise the export-impOrt banks on
methods Of facilitating foreign
trade. il was disclosed here today.
Robert F. Maddox. director OF the
First National Bank Of Atlanta. Ga,
has been made chairman Of the COM
nittee. which has as its chief con-
suItsnt Fred 7. Kent. director OF
the Bankers Trust Company Of New
York.
The frst Of the banks. organized
last February. handles trade with
Russia and the second unit. formed
a month later. conducts activities
relating TO commerce with other ma
tons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
GLeaningS
First Foreign Issue

An interesting development has
taken place in the New York invest
ment market. For the first time
in about four years an issue of for
eign securities is being offered to
the public. The flotation, which con-
siSts of S4.l95.O00 Government of the
Argentine serial treasury notes bear
ing interest ranging from 2i3 to 5
per cent. is being UNDERWATER by
a syndicate headed by Brown
Brothers. Hartman & Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15

ried on at all be-
tween the various
powers.
Probably the first
thing to do to
straighten out the
situation is for the
leading nations to
decide upon some
basis for the stabi-
lization of cur
rencieS. Wit h GU t
that trade treastleS
can mean very lit
tie. But that prob
lem is no easy one
81 eO1uo IN fo Pf If
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Wall Street
by RALPH HENDERSHOT-
Times Special Writer

NEW YORK, Nov. 15.-One OF
~ the biggest problems facing
the nation today is that of straight
ening out of international relations.
These have become so complicated
and involved by reason of the trend
of many countries toward national
ism, currency devaluation and debt
payment defaults that it is small
wonder that any commerce is car
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
FRUITS AND VEGETABLES
nv United Pressl

CHICAGO Nov 5-Apples-Michigan
Mcintosh. bushels. 2is inch. si.75G2:
Jonathans. si25G LIS. Lettuce-cslifornis
crates S2d265. Sweet potatoes-Tennes-
see bushels. a0cdsi few sll0: Illinois.
qOcGslI0 Celery - Michigan crates.
squares. 50G60c. oregon caulifiower crates,
ST ISTl1S Spinach-Missouri bushels. 30
n soc. Illinois. 25TSoc Cranberries-
Massachusetts - barrels. s3.50d 3 IS Car
rotS-uiinois bushels. 40c punches &c.
Celerv-ca bba ge-Michigan fiat crates. S0d
zoc Betts-Illinois and Indiana punches
&c. bushels. 3oG 40c. Onions-Illinois
punches. green. 7G6c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
FINANCIAL DATA
fAS of Dec Al 1921

During 1888 the company in
creased its cash position by about
s1,2OO,000, but during the nine
months Of this year cash and Sc
curities dropped to s3.640,960. In
ventories during 1888 dropped about
S1,600,000, while net working capt.
tai was s1,7OO,OOO less. Profit and
loss surplus declined S2.900,000. The
current ratio on Dec. 81, 1888, was
better than 9 to l, while the book
value of the common was S27.37, a
drop Of 1928 during the year.
Earnings of Allis Chalmers have
suffered during the depression.
Deficits occurred in 1882 and 1888,
while for the first nine months OF
this year the deficit was SO cents, a
much smaller loss than in the pre-
vious year. Orders received in the
first nine months Of this year were
about 81 per cent greater than in
1898.
The last dividend was paid in
May, 1882.
Allis Chalmers was incorporated
in 1913 in Delaware. The stock is
listed on the New York Stock Ex-
change. 1t is currently selling for
around 14ss.
tAu Rights Reserved, Winchester Institute
Of Fana1oe. Winchester. Aass.l.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
GENERAL FOODS NETS
S3,149,022 IN QUARTER
Figure Compares With SS.236.296 in
Same 1888 Period.

The General Foods Corporation
and subsidiaries in the September
quarter showed net earnings Of
S3149O22. after all charges and
provision for income taxes. equal to
60 cents a share on S5.251 .440 shares
OF no par value common stock out
standing. compared with s3.236,296,
or 81 cents a share. for the cor
responding period last year, 1t was
announced today.
Net for the first nine months
totaled S9O3f.734. or S1.72 share,
against S9.57s.s5S. or sl.s2, for the
first nine months Of 1888.
Current assets as Of Sept. so. we're
SIS. ass. 695. compared with $685.
s35.O76 at the end Of the same
period in 1888. Current liabilities
at the end Of nine months this year
we're ST. 49,. 7OS. contrasted with
s5,7Ol, $40 a year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Steel Outlook Good

The outlook IN the iron and steel
industry remains favorable. the Iron
Age says. Expansion in output has
been hesitant, however. it was
pointed out; declines in some pro-
ducing centers offsetting gains in
others.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
5000 TO GET WORK

By Times Special
CHICAGO, Nov. 15.-The General
Household Utilities Corporation, Of
Illinois, will employ a total Of 5000
workers when active production Of
refrigerators gets underway the lat
ter part OF December, II. c. Bon
figg. vice-president reported today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Globe & Rutgers Fire

The Globe & Rutgers Fire Insur-
ance Company. which has been in
rehabilitation for some time. later
in the month will ask the court to
declare its plan operative. 1t is
hoped by company officials that
business can be resumed early in
December.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15

SHEEP AND LAMBS
Receipts. 1900
Lambs. 90 lbs down. good and
Lambs. 30 lbs down. good and
Common and medium ..-..... 4.000 625
90-12O lbs. good and choice. ASA 800
I3O-l5O, Good and choice :. 2.Oo9 $50
medium ........ -'.'.c 1904 225
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
T. P. BURKE WILL OPEN
BRANCH IN TERRE HAUTE
C. N. Power Will Have Charge of
New Office of Investment Firm.

T. P. Burke & Co., investment Sc
curity dealers, today announced the
opening of a branch office in TeIre
Haute under the management of G.
N. Power.
Paul R. Kuhn, who has been con-
nected with the indianapolis office
of the firm for the last three years,
will be associated with Mr.. Power
at Terre Haute.
The firm maintains branch in
Fl. Wayne in addition to the In
dianapolis and Terre Haute offices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
TAX BODIES AT 175.41S
Government Units IN Country
Estimated by Professor.

Governmental units in the United
States number l75.4lS. according 70
Professor William Anderson OF the
University Of Minnesota in his
pamphlet. Units Of Government in
the United States" issued by the
public administration service
The units include 127.lsS school
districts. 20.262 towns and town.
ships. 1856 incorporated places
such as cities and villages. 3053
counties. $3.50 miscellaneous. As
states and one federal government.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Stock Studies

The Allis Chalmers Manufacture
ing Company is one of the longest
established and largest makers Of
steam, oil and gas engines, having
supplied over sixs million-horse
power to industries throughout the
world. The company also produces
wide range of electrical equip
ment, such as hydro-electric plants,
turbines, generators and general
electric power equipment.
Another branch of business man.
ufactures farm machinery and i'm
plements such as tractors and
wide range of mechanical farm de-
vices. Tractor sales have become a
large factor in its output. Sales
are nearly world wide. Plants are
we'll located.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
AUTO CAPACITY DOUBLED
OldsmobiIe Spending S2.5O0,OOO for
Record Year in 1885.

So nifcd Press
LANSING. Mich, Nov. l5.-The
Oldsmobne divisionsof General Mo-
tors IS spending 81 500, 900 to double
its production capacity for 1885.
company officials said today.
Nearly 1000 men are installing
machinery. enlarging assembly lines
and rearranging the plant The
company plans the largest produc-
ton year Of its history in 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
SHOE OUTPUT RISES

CHICAGO. Nov. I5.-Total pro-
duction OF boots and shoes IN the
United States from January TO
September this year amounted 10
279 .I7s069 pairs. against 275. l36. 4S2
IN the same period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
CONCORD SEEN
IN EFFORTS TO
SPEED REVIVAL
Administration and Business
Leaders Move Toward
Common Ground.
Copyright. 1884. BY United Press

WASHINGTON, Nov. 15.-Signs
increased today that business lead
ers and administration are moving
toward a common front in an effort
to cash in on present recovery gains
as an answer to prospective new
left-wing drives in congress.
The movement, APPARENTLY already
out of the cocoon stage, is direct
result of the smashing Democratic
election victory. 1t is intended to
head off such demands as the
thirty hour week and other expert
mental legislation.
Contributing to the general air OF
increased optimism, retailers foreSee
the biggest Christmas business since
1929. One indication of forward
looking policy was seen in the Penn
sylvania railroads order of fifty
seven new high speed locomotives,
emphasizing the faith of that great
corporation that better times will re-
turn.
Business Leaders Confer
While no public statements have
been made, two important business
leaders have been recent White
House visitors and some suggestion
has been made that they might be
among leaders of the effort by busi-
ness to show willingness to carry its
share of the recovery burden.
The movement would be IN line
with the recently publicized truce
between bankers and the admins
tration, only extended throughout all
industry Within the administration
active efforts in the same direction
are being headed by Housing Ad-
ministrator James A. Moffett, for
mer vice-president of Standard Oil
Companies of California and of New
Jersey.
Mr.. Moffett's program depends al
most entirely upon cooperation of
private industry and involves no use
of government funds for construc-
ton. 1t has been speeded up sub
stantially in recent weeks.
PrecIudes Public Works
This move is seen as an effort to
produce results sufficient to discour-
age efforts to launch another large
public works program which would
involve spending billions of federal
money.
1t also is intended to affect re-
lief costs directly by increasing en-
ployment in private industry, Ad-
ministrator Moffet estimates that
there is a need for housing that
would entail the building of 100000 |
homes a year for ten years. The
u. S. Chamber of Commerce has
set the need even higher-at 100000
homes year.
This would mean expenditure of
three to five billions dollars a year
of private, not government, money. |
Frozen Mortgages Hurdle
The hurdle which the construc-
ton program must jump is some
twenty-one billion dollars in frozen
mortgages. That is the job Mr..
Moffet has tackled with the ex-
pectation that if he succeeds, private
funds will flow back into the mar
ket in huge stream.
The weapon of his attack is title 2
of the national housing act, which
provides for acknowledgement
insurance of mortgages. This was
not expected to be in operation I'M
til December at the earliest, but is
already under way.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Difference in Income,
Wealth ShO7lm in Study
Considerable Proportion of Riches Found UnprOduC-
tive by Economists; Real Wage important.
BY JULES BACKMAN AND A. L. JACKSON
Vice Presidents. Economic Statistic. Inc

NEW YORK reader queries will redistribution of
wealth result distributed income and thus with
want in the midst of pleny?" apparently
osa which shifting another These
are in essence attempts purchasing
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
MARYLAND CASUALTY
TO TRANSFER MARTIN
Local Resident Manager Will Go to
st. Louis Office.

Hobart A. Martin, resident man
ager in charge of the Indianapolis
branch office Of the Maryland Casu-
atty Company, will assume charge of
the St. Louis branch Office on Dec. /,
as resident vice-president, Silliman
Evans, president of the company.
announced today.
j. Frank Miller, who is now resi-
dent manager at Kansas City, will
be transferred here to succeed Mr..
Martin, it was disclosed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
Treasury Statement
(By United Press)

WASHINGTON. Nov. 15.-Government
expenses and receipts for the current fiscal
year 70 Nov. ID, compared with the cor
responding period Of the previous fiscal
year.
This year. Last year.
Expenses 81. 5s4 947. Oss so si.s4s. 9s2. 100 50
Receipts. ] 1862 523. $50 81 1906 2l3. 095 "a
Deficit 222 423. 1908 $50, 769, 094 So
Cash bal. 1873. 657. 4l994 ..............
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-15
INTEREST CUTS
FOR RAIL LIENS
DRAWS ATTACK
Official Sees Suggestion for
SIaSheS as Blow to
Credit.

En- Times Special
NEW YORK. Nov. 15.-A general
scaling of bond interest charges by
railroads, as suggested in some
might shock the financial
to such an extent that
hopes for restoration of railroad
credit would disappear, according to
Fairman R. Dick. advisor on finance
and credit to the Association OF
American Railroads.
Mr.. Dick said it would be prac-
tically impossible to obtain a return
OF investor confidence in railroad
securities, if present holders of Sc
curitieS were made to withstand an
interest reduction. These are the
chief prospective buyers of new
railroad securities. when and if the
market is restored.
Interest Load Reduced
Most people recognize that there
has been a large increase in taxes
and expenses since the '9Os, Mr.. Dick
remarked, but they are generally
unaware that the burden of interest
charges today is only % per cent Of
gross revenues. while in the former
period charges consumed as much
as "a per cent of gross.
To state it another way, he said,
net operating income in the COS was
% per cent of gross operating in
come. This was a safe margin.
Today the net is 10 per cent of the
gross, which is distinctly an unsafe
margin.
Nov, if there were sufficient
margin, credit might be restored
today by scaling down charges, but
with the present insufficient margin
no reduction of charges can restore
it" Mr.. Dick declared.
Investor Key to Problem
He said that the success or failure
of the suggested procedure of seal
ing down interest charges would
depend on the investors state Of
mind. In his recent address before
the Investment Bankers ASSocia-
ton, he remarked that "a scaling
today, so that interest charges would
conform with the net earnings Of
forty years ago, would mean a
scaling that would disregard all re-
turn on the large incren ses in
traffic, in investment and in
efficiency that have taken place
since that time"
Turning his attention to the solu-
ton of the problem by other doors
than the abortive scaling Of charges,
Mr.. Dick said restoration of credit
depended on attaining a safe mar
gin of profit. If the present level
of traffic is continued indefinitely,
the margin can only be restored to
safety by an increase in rates, or a
decrease in expenses, he continued.
Cutting Costs Difficult
In regard to pairing expenses, Mr..
Dick said, reduction of taxes seems
impossible in view of the national
debt burden. The railroads can not
stop purchasing materials and sup
plies, the prices of which have adj
vanced materially. Labor savings
are prohibited by that section Of
the Emergency Railroad Act, which
forbids discharge of workers as a
result Of coordination.
Congress is the only body capable
of alleviating the present difficult
ties by passing a bill for compre-
hensive control Of trucks and water
ways, he asserted. This accomplish
ed, he believes it possible to work
out a scientific rate structure for
all forms Of transportation.