davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
LARGE GAIN SEEN
IN 1885 BUILDING
Uptrend Shown for First
Time in Six Years.

Building has at last turned the
corner and is again on the upward
trend, for the first time in six years,
the American Builder says in its
January issue in a review Of 1884
building and a forecast for 1885.
although government expendi-
lures were responsible for well over
a third of the total building volume
in 1884, all divisions of building and
construction showed considerable
improvement during the year." this
survey states.
BASED on 1880 census figures as a
constant, building of all kinds av-
eraged slightly more than $28 per
capita, compared with an estimated
expenditure Of about 500 per capita
in 1929"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
COTTON RISES
TO 1880 LEVEL;
EXPORTS DROP
Futures Are Practically
Stabilized Above r.
Cent Figure.
By United Press

By United Press
NEW YORK, Dec. 31.-Cotton
futures prices in 1894 rose to the
highest average in three years, while
American cotton exports declined
about 80 1-9 per cent and the crop
value declined to the smallest total
since 1922.
Prices practically stabilized above
II cents a pound lending level of
the Agricultural Adjustment Admin
istration Spot at New York rose
to 1895 cents in mid-year, the best
since 1880, but an early low of 10.45
cents cut the average to around 1926
cents. In 1888 the average price was
1853 cents; in 1852, s6.44 cents; in
1881, $3.50 cents, and in 1880, 1858
cents.
The value of the crop was around
1925 100000, compared %ith an APP
proximate S675, 100000 in 1888, large
Iy because the crop declined to
9,731 900 bales, against 13,047,000
bales in 1888, and the smallest since
1922. Government payments to
farmers under contract totaled about
s117,OOO,0OO, against S113,0O0,000 in
1888.
CarryOver Steady
Although production declined
sharply, through operations of the
Bankhead Act and the summer
drought, the carryover was only
slightly changed form the 100000
bale total Of year ago because of
the drop in exports.
Foreign production rose to 1856
600 bales, a new record high. Then.
too, the Government loan plan Gre
ated a tight spot situation = the
South, the price of American staple
rising above parity with foreign
growths. Thus American exports
dropped
Loan Cotton Absorbed
The Government pool absorbed
loan cotton which ordinarily would
have gone into trade channels. In
December it was estimated the pool
controlled about 81 per cent of the
available supply Of American cotton.
Although some opposition devel-
oped to the AAA's policies, cotton
farmers voted Overwhelmingly for
retention Of the Bankhead Act.
Despite the improved textile po-
sition, consumption of American cot
ton declined here and abroad. For
eign consumption of all kinds of
cotton held slightly above the 1888
total, while American usage of all
growths dropped some 100000
bales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
REALTY FIELD
AIDED BY hole
Federal Activity Kept Off
Market Thousand of
Homes Here.
BY W. G. ALBERSHARDT
indianapolis Real Estate Board

No review Of the real estate situa-
ton in indianapolis is complete
without mention of the Home own
ers' Loan Corp. and its aid to the
needy home owners. on Dec. 10,
the HOLC had disbursed 34,923 loans
in the state of Indiana, for a total
Of $40, 534 269.14. In addition there
were 1926 applications in the
hands of the abstracters and pend
ing for closing.
indianapolis, of course, received
its proportionate share of these
loans. The aid given by the Hole
kept off the market the several
thousand homes mentioned above.
In addition to these homes there
we're a number of houses torn down,
burned or otherwise made unfit for
habitation. To drive around the
city, one might get the idea that
there were still too many houses
for our population, but survey
conducted by the indianapolis
Water co. last March showed total
Of 1879 vacant houses, of which
number only 1852 could be classed as
desirable living quarters.
Acute Shortage Seen
At the same time the United
States PoStoffice survey showed an
excess of 10,515 families, indicating
that as soon as these families move
to themselves there will be an acute
shortage of houses.
During 1884 there has been a per-
ceptible increase in the building of
new houses and moderization of
older houses. In addition the sale
and exchange of farms, suburban
homes, and city property was great
er during 1884 than during 1888.
1t is believed that most of the dis
tressed properties have been re-
moved from the market through
sales to individuals or through in
vestment purchases by the larger
holding companies. During the lat
ter half of 1884 the prices of real
estate have been more stable and
with a decided upward trend.
Expected Activity Gain
While we do not expect boom in
real estate during 1885, we do ex-
pect increased activity in all
branches of realty. The activities
of the Federal Housing Administra-
ton toward cheapening of mort
gage money and the aiding in build
ing and undermining should have a
very far-reaching and stimulating
effect on the market.
The re-entry of the insurance
companies, banks and other agencies
in the mortgage lending field has
created a feeling of hope among the
builders. 1t is expected that real
estate will have a slow, steady,
healthy increase during 1885.
We predict that people who delay
purchasing until after the end of
the first quarter of 1885 will pay
much more and will have consid-
erably smaller selection.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

For the local situation, there can
hardly be a better index than the
figures reported by the Clearing
House. Comparing the reports for
1888 with those of 1884, it will be
seen that almost every week of 1884
(only three or four weeks eXcepteO
shows a substantial gain over the
corresponding week Of 1888, and for
the entire year the sum OF these
gains makes a total increase of most
encouraging volume.
$50, too, the fact that the improve
nent is constant throughout the
year, eliminating in a prosperous
holiday trade, is a good augury for
the new year Of 1885.
Expressions by other local bank
ers follow:
James S. Rogan, president,
American National Bank)-While a
review of 1884 clearly indicates that
further progress has been made to-
ward recovery from the low point
of the depression, it hardly APP
pears reasonable that we should an
ticipate in the new year any alb
rupt healing of the severe fractures
which have occurred in our social
as well as our economic fabric dur
ing the past several years. I'm
doubtedly the patient is improv-
ing, although slower than some
would like, but steady and sound
progress, even though slightly ir-
regular at times, appears decidedly
more desirable than a spectacular
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
USED CAR SALES GAIN
Census Figures Show Substantial
Increase in October.

Bp Times Special
WASHINGTON, Dec. 31.-A con-
ira seasonal increase in the hnanc-
ing of used car sales during Oc-
tober was responsible for the gain
over September, shown in the total
volume of retail financing, it is
shown by the Bureau of Census fig
ureS.
Financing of new cars declined
slightly from September. In all
categories, however, the monthly
rate Of gain over 1888 was accel-
Grated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
UTILITY's NET HIGHER

The Detroit Edison Co., includ-
ing all subsidiary companies, re-
ported net income for the II months
ended Nov. 80 of S6,942,412, a gain
Of 8 per cent over the twelve months
ended Nov. 80, 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
Substantial Progress Experienced
Along Path to Recovery President
of Indianapolis Clearing House Says
Prosperous Holiday Trade Held Good Auguy for mpend
ing Year by Arthur " Brown; Rise in
CIearings and Debts Cited.

president the Indianapolis Clearing House Assn
ready substantial toward recovery.
than the holiday shopping
certainly he said but there
considerable vartatca
industrial activity show beneficial gains
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
Action Was Favorable

Action Was Favorable
The action of the Government
bond market as a whole has been
exceptionally favorable during the
year 1884. At present the market is
within one or two points of the highs
established in July after a continu-
Gus rise Of to points from the
January lows. During the past six
weeks there has been a noticeable
change on the part of many banks
throughout the country from a pol
icy Of holding only short term low
yielding issues to an attitude which
favors the purchase of long term
bonds and notes.
If this continues, and barring any
unexpected unfavorable develop
ments, it would be natural to expect
even lower yields on Government
bonds in the future.
The first major operation in the
Treasury's financing operations in
the new year will be the refunding
Of the s1,8OO,O0O,OOO called Fourth
AS prior to their maturity date on
April Is. This may occur around
Feb. l, and a long term maturity
may be expected to be issued in ex-
change.
Evidence of this expectation may
be found in the current market for
this issue which is quoted on the
same minus basis as the March 2l5s,
although the called Fourth 414s are
a month longer in maturity.
Looking to the future, conditions
in the Government bond market to-
day are more favorable than pre-
vailed a year ago, when the problem
Of revaluing the dollar and meeting
the largest Government deficit in
history we're factors receiving most
attention. Today, however, fears Of
outright currency imitation have
been for the most part dissipated.
But, more important than all Of
these factors is the problem Of bal
ancing the national budget, for
which a definite plan must be pre-
sented.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

CALENDAR YEAR COTTON DATA
Compiled for the United Press BY tbs
est figures partly estimated on the basis
of current data
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

The weekly trend of debts and eaings in this city for 1884
following table
Assn The last three cphers omitted
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
1894 TURNOVER
IN u. S. BONDS
BREAKS RECORD
Average Interest Rate Cut
From 1923 to 2.96 Per
Cent in Year.
By Times Special

bY tRl6S ! peCtGt
NEW YORK, Dec. 31.-The
achievement of the United States
Treasury Department, in efecting
a substantial reduction in the aver
age interest rate on outstanding
Government issues, in face of the
heavy borrowing and refunding
operations which were accomplished
IN 1884 was the outstanding develop
ment Of the Government bond mar
ket during the last year, according
to 9. j. Devine & Co., Inc, Govern
ment bond specialists.
Because of the record breaking
refunding and other operations car
RED on by the Treasury during the
last year, the volume of business
transacted in Governments in the
over-the-counter market surpassed
all previous records. The total vol
ume for 1884 Appropriated S72,OOO,-
100000, or about two and one-half
times the total debt now outstand-
ing, and compared with a turnover
OF some $4,000, 100000 for 1888.
AHteIeSt CnargeS Up
At the present time the total in
tereSt-bearing debt of the Govern
ment approximates S27,714,OI7, 900,
an increase of 1871 per cent, COM
pared with an inCerest-bearing debt
Of S23,450, $4,000 outstanding at the
close of 1888. The annual interest
charges for 1884 approximate $780,
$4,000, an increase of 8 per cent
compared with S758, $4,000 for 1888.
The average interest rate on all
Government obligations now out
standing has been reduced to 2.96
per cent compared with 1923 per
cent on Dec. 81, 1888, and with 3.39
per cent on March l, 1888, Just prior
TO the present Administration as
sUming control.
During 1884 the Treasury issued
g total of S8.624,139, $50 of new Sc
curities, Of which S4,36O.OOO,OOO was
used to refund higher interest bear
ing debt with securities carrying a
lower coupon, and 264,00O,000 was
raised for the purpose ~ supplying
the Government with fu as to carry
on its program. The latter amount,
therefore, represents the increase in
the Governments interest bearing
debt for the year.
The following table shows the to-
tai amount of interest bearing Gov
eminent securities outstanding
classified as to interest rates:
Rates 900 omitted 900 omittedl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31
HIGHER RAYoN PRICES SEEN

Rayon trade reports today say
that manufacturers are declining
February business because of belief
that prices will be further advanced
in the near future.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

TW0-YEAR TREND OF DEBIT, CLEARING TOTALS,
WEEK BY WEEK, SHARPLY ABOVE 1893 FIGURES
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

Timothy P. Sexton president Fl
deity Trust Colt is especially
gratifying to observe that we are
emerging very successfully through
the financial crisis that we have
been obliged to reckon with since
the latter part of 1929. It appears
that the dark economic clouds are
on the wane and with the great
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

recovery with a subsequent re-
lapse.
Every day marks some further
adjustment, making for improve
ment in basic foundation for fur
Their advancement and as progress
is made in the retirement of old
debts, additional purchasing power
comes into play, accompanied by
improved business, decreasing I'M
employment and a more complsce-
ment conception of what life holds
in store for us.
AS we enter the sixth year fol-
lowing the elimination of the boom
period there remains much con-
fusion and divergence of opinion
as to some of the methods en-
ployed to ameloriate our economic
picture. However, We will have
achieved a f1rmer base for contin-
ued progress il 1885, if there might
be accorded more general recog-
milton that full recovery to normal
economic activity is a long pull and
we are gradually moving along up
the road.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-31

Rates 1000 omitted 1000 omftted)
Coupon Dec. 81, 1884 Dec. 81, 1888
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
Mass Fight Smashes
Attempts To Frame Up
Communist Candidate

NORFOLK, Va, Sept. 12.-An at
tempt by Newport ship and dock
owners and police to frame Alexan-
der Wright, Negro Communist can
didate for the U. S. Senate, collap-
sed last week as result of mass
pressure on the courts and the mill
tant self-defense of Wright.
Judge Christian, who had under
taken the frame-up job after mass
anger drove police Judge Locke out
of the case, found himself faced
with an audience of angry white
and Negro workers, and a revolu-
tionary leader who quickly and eff
fectively put the ruling class and
its court on the defensive. A pour
ing rain had not deferred the work
ers from attending the trial.
Police witnesses, who charged
Wright with "inciting to riot" stated
he had told the workers to petit
ton the government for relief and
to organize to defend their right to
live against the starvation program
of the ruling class and its govern
ment. The judge said that was bad
stuff" Wright demanded if he adj
vocated that the workers should
starve, whereupon the Judge hastily
dismissed the charges, declaring he
did not want any more back talk
from Wright.
The workers cheered the victory
and held a celebration meeting in
front of the courthouse, with Wright
as the main speaker.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
18th Year of
C.P. Is Hailed
By Bittelnnan

Commenting on the 18th Ami
versary of the Communist Party,
which will be celebrated at the
Bronx Coliseum Friday evening,
Sept. 81, Alexander Bittelman. char
ter member and one of the leaders
Of the Party since it's birth, said
"Our Party was born in the period
Of the first round of war and revo-
luton. We celebrate our 18th An
niversary in the period of the sec
ond round of war and revolution.
In between these two periods lie
Is years Of devoted, courageous,
self-sacrificing struggle to establish
the Communist Party of the United
States among the masses.
To-day we appear before the
workers of this country as their
only dependable leader. The Red
leaders Of the historic San Fran
cisco General Strike; the Red leaders
of the unemployed struggle of
which New York has seen so many
outstanding examples; the Reds
leaders of Negro liberation and of
the exploited farmers; the COM
rade in arms of the glorious Party
of the Soviet Union and of the
Communist Party of Germany; the
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
What the Communists Want In the Textile Strike

ers secure victory. The Commu-
nists, as was brilliantly demon
strated in the Pacific Coast strike
and in the San Francisco general
strike, can neither be bought nor
browbeaten. The reformist lead
ers of the A. F. of L. can be both
bought and terrorized.
But the Communists also differ
from the A. F. L. leaders and the
Socialist Party in that they, the
Communists, seek to raise every
struggle of the workers to higher
political levels. What does this
mean? 1t means first that the
Communists seek to make the tex
tile workers on strike conscious of
the fact that in their present strike
they are fighting not only the tex
tile employers, but also the govern
ment and its N. R. A. The workers,
of course, cannot fail to see that
the machinery of the government
in all the textile centers, in the
South, in New England, Pennsyl-
vania, etc, is used to suppress the
strike brutally by murder and the
shedding of the blood of striking
workers. But not many of the
striking workers as yet realize that
this is no accident to be explained
only by the corruption and blood
thirstiness of the local government
officials, such as mayors, police
chiefs, ETC., but that they are fac
ing the workings of a class govern
ment of the capitalists. Not many
workers as yet realize that the
responsibility for the bloodshed and
murderous attacks upon the strik-
ing pickets rests not only with the
local government authorities, but
with the federal government as we'll.
Dispel Illusions About U. S.
The Communist Party and the
Communist textile workers seek to
make their fellow-strikers conscious
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
New Decision
Halls Ousting
Of Communist
Union Meeting Is Called
for Friday To Fight
Power Company

LYNN, Mass, Sept. II. - The
newly-formed E. r. A. Workers Pro-
tective Union of Lynn won its
second decisive victory yesterday in
forcing local, State and Federal re-
lief administrations to restore the
right of E. R. A. relief workers to
keep their jobs and at the same
time run for political Office in the
coming election campaign.
TThe decision was yesterday
banded down from Washington
after the local relief workers union
and numerous workers organiza-
tons had protested the attempted
barring of Joseph Leedes, Commu-
mist candidate, relief worker and
organizer of the union, from the
political campaign. Aided by the
local units of the Communist Party
and the International Labor De-
Tense, the relief workers succeeded
in arousing Widespread protests.
Following closely on their first
victory of forcing the E. R. A. to
take back a 81 weekly wage cut to
the relief workers, the confidence
Of the works. is growing rapidly.
The next meeting of the union
has been called for Friday, at pm,
at the Mixed Locals fall, Sherry
Building, 10 Monroe ST., where plans
will be made for fight against the
Lynn Gas and Electric Company,
which has turned off gas and cleo
trio current at the homes Of thou
sands of workers. AS the first step,
a committee will be elected to de-
mand a public investigation into
the exorhitant profits of the utility
company.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
Mass Meetings
Will Protest
failing of Four

HANCOCK, Mich, Sept. ia
series of mass meetings are being
arranged throughout the copper
country in defense Of four relief
workers who have ben sentenced
here following a countrywide relief
strike. The four workers, whose
cases will be appealed in the Cir
cult Court at Houghton during the
last week of September, were jailed
when police attacked a picket line
at the Lauriun airport.
OF the eight workers arrested at
that time, four cases were dropped
at the trial, and of the others, Rich
ard Hirvonen, Communist strike
leader, was given a four month Jail
sentence and the three others were
given 30 days each.
In the copper country, the follow
ing schedule of meetings has been
arranged: Sunday, Sept. is, at l
pm, at Laurium Airport, Calumet;
Tuesday, Sept. 10, at pm, at Hub
bell, Mich; Friday, Sept. 81, at Z
pm, at Trimountain; Monday,
Sept. "a, at 7 pm, at Franklin and
Ravine Streets, Hancock.
The mass meetings will also be
made the preparatory steps in or
ganizing a countrywide unemploy-
ment conference to be held Tues
day, Oct. 16, at 8 pm, at Lincoln
Hall, Hancock.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-09-13
Chicago Lawyers Move
To Combat Communists,
Stifie Militant Action
paily Worker Midwest Bureaul


CHICAGO, Sept. IA drive
against militant workers, aimed
against the Communist Party and
calling for the concentration of "at-
tention on mines and other in
dustries which employ foreign labor
largely" was called for at meeting
of the Americanization section of
the Illinois Bar Association Friday.
While the meeting discussed
methods of facilitating naturaliza-
ton of foreign born, ana similar &C
tivities, the real keynote of the
meeting was made of General John
V. Clinnin, chairman of the sec
ton.
"The prime purpose of this move
ment," he stated, lis to combat
Communism in every form and to
safeguard and promote the Consti-
tuition to the end that those who
seek to change it or avoid the pre-
sent set-up in government be sup
pressed"
The mobilization of the lawyers
Of the State of Illinois behind the
policy of reaction is part of the
general policy the bosses of Illinois
have been carrying on for months,
organizing group after group in pre-
paration for the most vicious at
tacks against the working class.