davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
CARRIER GROUP
JOINS ADVANCE
IN STOCK LIST
Rail Average Approaches
1885 Top, IndustriaIS,
Utilities Up.
BY ELMER c. Waller
United Press Financial Editor

NEW YORK, Aug. 1O.-Rsilroad
stocks today added few issues to
the group Of new highs for the year
on the Stock Exchange. The rise
continued in all sections with The
industrial average at a new high
since Sept. II, 1881, and the utility
average to a new top since April
% 1894.
Trading was active with sales for
the short session among the best
since May II, 1884
Buying spread over a broad list.
Highest grade stocks again were
taken by investors. Small buyers
the outside public-Were again re-
turning IN larger numbers. Broker
age houses reported increased orders
from the West and Southwest.
As the rails joined the active list,
chart readers became more enthus-
iastic over the future of the mar
ket New York Central and Penn
Sylvania made new tops for the
year. Gains in the group ranged
10 a point.
States we're bid up with United
States Steel and National at new
highs for the year The former
touched Az, up IL points.
General Motors made its best
price since 1881 selling above As,
while Chrysler approached the So
level.
Favorable retail sales reports
helped merchandising stocks to add
to recent gains. R. H. Macy was up
more than a point at new high for
the year Montgomery Ward also
made a new high. First National
Stores, WOOlworth and McCrory
were fractions to a point higher.
American Telephone, Interna-
tiOnal Telephone and Western Union
made new highs.
Utilities we're active under the
leadership of Consolidated Gas,
which gained a point to new high
for the year. American Power and
Light preferred issues scared with
the per cent issue up 4 points
Public Service, North American
and American and Foreign Power
also made new tops.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
SENATE GROUP
PRESSES FIGHT
ON FARM BILL
Insurgents Seek Commit
ment to Vote on Frazier
Lemke Measure.
Copyright. 1885. bv United Press


WASHINGTON. Aug. 1O.-Senats
insurgent forces. encouraged by A
definite commitment to vote on the
veterans bonus next January.
sought in a vigorous under cover
movement today to obtain similar
concessions on the S3,00000O.0OO
farm mortgage bill.
They were aided indirectly BY
anxiety of leaders 10 remove all
possible barriers to early adjourn
ment.
Negotiations are under way to-
ward compromise arrangement I'M
der which farm aid advocates would
agree not to haraSs the pending
S2,500000 Roosevelt tax bill in ex-
change for promise to bring the
Frazier-Lemke bill forward early
next session.
Feared by Administration
The Frazier-Lemke bill. aimed at
liquidating and refinancing agri-
cultural Indebtedness at a reduced
rate of interest, has been one of
the insurgent movements feared By
the Administration.
The bonus proposals provided the
other serious threat against an earlv
adjournment. Having disposed OF
the bonus issue by promising to
make it special order of business
during the first month of the next
session, leaders hoped the farm bloc
would suspend its activities and
agree to later consideration.
Several weeks ago Sen. William F..
Borah (R., IdaD, predicted the
session would run into October be-
cause of organized movements for
both the bonus and the farm mort
gage bills.
Would Aid Adjournment
The bonus threat has been re-
moved and an arrangement on the
Frazier-Lemke bill, whether made
publicly or privately, would provide
the opportunity for closing out Con-
greSS in another two weeks.
With the bonus threat removed
from tax bill consideration, lead
ers watched for other possible
threats against the measure. The
farm mortgage proposals we're in
process of negotiation, leaving the
La Toilette higher tax program and
the war profits amendments as the
outstanding barriers to quick con-
sideration and passage of the tax
bill.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Year Pct.of

Cases of bankruptcy under Sec
ton 77B of the Federal Bankruptcy
law are not included in the 1884
and 1895 figures. Even if they were,
however, the ratio of failures to
total number of concerns would be
changed, if at all, to negligible
degree. Section 77B cases are not
considered business failures for the
reason that operations do not cease.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
PROFIT-TAKINC
SALES REDUCE
GRAIN FUTURES
Prices Close FraCtionaIIy to
| ga Cents Lower
After Upturn.
By United Press

Dy Ultf0 fJeSS
CHICAGO, Aug. 10-Interest in
the wheat pit centered around the
government crop estimate TODAY.
and prices shot upward only to run
into a barrage of profit taking sales
on the Chicago Board of Trade.
At the end wheat was Il to Ia
cents lower. Corn was off Is to
ia cents and oats were off s to Ia
cents.
Wheat traders accepted the gov
eminent report as bullish and prices
bounded upward in the early part
of the session. The government
forecast on total wheat production
was about as expected. But the
lower figures on spring wheat in
cited the trade to fresh buying.
With damaging crop reports pour
ing in from many sections of Can
ada traders anxiously awaited the
Canadian crop report which will be
released next week.
The fact that the estimate on
winter wheat was slightly above the
private forecasts tended to discour-
age purchases on bulges.
Corn averaged higher in sympa-
thy with wheat early in the day,
but developed a weak undertone
later. Relatively light outside buy
ing resulted in pressure from local
interests.
Oats averaged lower. but cereal
and cash interests supported the
market on Setbacks. Government
estimates lower production 79000,-
600 bushels from last months fig
ure. Rye mainly followed wheat,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Ne7V York Stocks

Volume of 100000 shares was
the heaviest Saturday trading since
Feb. "a, 1884. and compared with
100000 shares last Saturday.
The Dow, Jones industrial average
made another new high since 1881
at 1871, up 10, and the utility aver
age at $3.50, up 80, was at a new
high for the year. The railroad
average at 35.46 was up %.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
FRUITS AND VEGETABLES

tBy United Pressl
ve HaR0A transparent, Soa7sc. carrots@
Lettuce-TiIinois bushel asa 4oc Beans
illinois, bushel, s2d225. Cabbage-4o-5o
10. crates. IS q 40c Tomatoes-Illinois
fat crates 5OT75c Spinach-Colorado.
bushel. eOc6sl Rhubarb-nlinois 4o-lb.
cartons. asa 4Oc. Lettuce western,
crates, 5 do4s s2.7.5o. Peaches-Illinois,
hushel 81 SOFA
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Produce Markets

The prices quoted below are paid for
stock gathered IN the country. while 90
LVered IN Indiana polls the price viii De a
cent higher. Heavy breed hens. i2c. leg
horn breed hens. Zoe. heavy breed cocks.
6a Leghorn breed cocks. &c, colored
hroilerS. lbs. and up. lac: LeEhorn broil-
ers. Ia lbs. and up lie: bareback broilers
i0c. ducks fun festhered and fat. &C:
geese fun feathered and fat. Sc: gulaeas
i5c each No I strictly fresh eggs loss OF
l9c. Zach fun case must weigh IS lbs
gross. a deduction OF lOc pound under IS
IDS VII be made Butter-No. l. 2sG2ac:
49, C''0'-d nv the Wadley Co
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Commodity Prices
tBy Abbott. Proctor & Painel
Spot unchanged' miodlings. IL
NEW ORLEANS
SERVES FUR INDUSTRY
81 Iimes SnecinI

COTTON
NEu UnDU

NEW YORK, Aug. 10.-The Ed
mund Wright Ginsberg Corp, factors,
subsidiary of Commercial Credit
Co. has concluded arrangements
with Fur Trade Credit Bureau, Inc,
to extend its services to the fur in
duStry.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
OTHER LIVESTOCK

by United Pressl
LAFAYETTE, Aug. 10-Market steady
to use lower; 18O-2lo lbs. sll7OGllso;
IG5252 9 asosoo bs s1 1SIzPS IFS s 0s
325 lbs. 5000: 1e0-l50 lbs s1l so, l4o-
$50 lbs. si0.75d H. l00-140 lbs. si0d
1880. Rouchs. SO down; calves. $3.50
down lambs. So down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
IcAGo PRIMARY RECEIPTS
Cash Grain
INDIANAPOLIS

INDIANAPOLIS
Wheat-Weak. No. l, red, 80MS1c; No 2,
1872 n SOl2c; No. 3, white, 1879 a Is! 2c; NO.
2. yellow, ITO 78c; No. 3, yellow, 76q TIC;
No. 2. mixed. 76G77; No. 3, mixed 76d TIC;
No 3. mixed 75M76c. Oats-Weak: No 2.
white, 27d 2Sc No 3, white, 25l2q2612c.
LOCAL CASH MARKET
City grain. elevators are paving rs cents
for No 2 soft req wheat. Other grades on
their merits Cash corn No. yellow
rs cents and oats 81 cents
(By United Press
CHICAGO. Aug. 10.-Whea mo. red.
92m94c; No. red. 81 ga 9212c; No. 3
hard. $1d1 00I4; No. hard, 96c; No. 2
mixed, 94@99c; tough No. ? red. 92c;
No. 5 hard 9olac;o No. mixed, garlic
yellow, 85aac. oats-No. white, S3@l
white, 29m 30l4c. Rye-No sales. Barley
Feed quoted 34G45c; mailing. 42d SIC
Timothy-Seed, $40. Clover-Seed. S11d
81 Cash provisions-Lard, SIS. l0a; loose,
SIS COB; leaf, Sl6n; bellies, $19.37b.
ASK. Bid. Nominal.
TOLEDO. Aug 1O.-Grain close: In
elevators, transit billing Wheat No. 2
SIC Oats~No. 2 white, 34G 35c. Rye-No
2. 5012m5112c. Track prices. 24l2c ratel.
Wheat-No. l red, 84I2 85c: No. 2 red,
83 M64c. Corn-No. yellow. 8112 n
81 &c: No yellow. 81d81l2c Oats-No
white, 33l2@34l2c; No. 2 white. 31G
33l2c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

So far this year the indicated
ratio of commercial failures to the
total number of business concerns
in the United States stands at about
10 per cent. The ration was 50
per cent and was, except for the
postwar boomlet years of 1918, 1919
and 1920, the all-time low. The long
term average is .97 per cent.
High Made in 1878
In the very depressed year of 1882
the ration was 1.53 per cent, which
closely approached the all-time
high of 1.55 per cent during 1878.
another year of extreme economic
depression.
The apparent rise in business
failures this year over 1884 is pri-
marily a matter of business psy-
chology, it is explained. When bust
ness conditions, and especially sem
timent. begin to improve, there are
many persons who set themselves up
in business on a small capital mar
gin on the bunch that now is the
right tide" to ride the rising eco
nomic tide out of depression.
That many of them lack resources,
and therefore fail, is attested by the
rising trend of commercial failures.
This has happened before in pre-
ceding depressions, especially the
ones of the 1905 and 1905.
In the prolonged depression OF
the 1905 the tide of deflation
brought the commercial failures
percentage to its all time peak OF
1.55 per cent in 1873, when 1O,478
firms out of 674,741 went out OF
business.
In the ensuing years the COM
mercial failures were low, and when
in 1881 the percentage index began
to rise to II per cent and to 85
per cent in 1882 the cyclic upsWing
out of depression was well under
way.
Retailers Average 6 Per Cent
AS recorded by Dun & Brad
street. Inc, commercial failures in
clude bankruptcies Though not
Section 77B cases., abandonmentS,
foreclosures, executions, judgments
and attachments. The bankrupt
cies. excepting the 77B cases, COM
prise about 95 per cent of the fail
ures. The average of retail estab-
lishments runs around per cent.
The percentage Of commercial
failures to the total number OF busl-
ness concerns in the United States
is review as follows:
L. Mt az Var pct of Year Pct OF
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Business Failures Ratio
to Existing Firms Rises
Despite Ubtu1n of Trade
Increase Described as Phenomenon of CyCIca UpSWng
Out of Prolonged 0epression Level at
10 Per Cent Currently

The commercial failures ration this rising the face of i'm
conditions
real according the Dun
of
commercial failures
prolonged depression
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Other livestock


$500 including 1000 directs; nothing done done;
Sgppy fresh h9gs p Se large enough
Sl2 Cattle-Receipts, 800: calves 100;
steady; compared with Friday last week;
6ghe al ower grades 5so a Gents cents ap
extreme top medium weight steers, S12 Is /;
next highest price 1920; best light steers
lngs $lO.75; all she stock $3.50 cents up;
cutter cows closed at s3.5Om450: fat grass
cows, s5Q6: bulls so cents higher. and
yealers, 5O-75 cents higher at $685. and
1000 steady; compared with Friday last
week; lat lambs and yearlings fully 25
cents higher; sheep strong; week S lamb
az; weeks westerns mostly ss75 down;
native throwoutS, s6d7 and above year
.ings S655oa7; top, s725; ewes closing
Fl. WAYNE. Aug lO.-Hogs steady to
25c lower: 10000 lbs s11 SIS: 2Oo-22s lbs s.
sI5sS $500 i I8s ssIeS5 5 $685. lbs
iIS 6 49, So i2osI5o IBIS 9s s1o55
10o-12 lbs. 81; roughs SO so; stays. s775;
calves, $3.50 lambs. 1925
BY Times Specian
LOUISVILLE, Aug. 10.-Cattle-
200: Including l25 stockers; market
saughter seerS and he}sfs f aff asc q
6Hs srong o in fully sDo 2Sc 2 a Sgbsg
stockers and feeders fully steady: closing
bulk common to medium grassy slaughter
steers and heifers S550m7 so; odd head
common dairybreds down to S. better
finished grain on grass offerings quota bic
from ssG9 and strictly god dryfed steers
ouotable to $40 or better: bulk grassy beef
cows. S4.25M 5 so. practical top $3.50; good
beef bred cows higher; bulk low cutters
and cutters. s275G4 sausage bulls main
" s450d SIS: better grade beef type
stockers and stock calves. s6d with sore
choice Herefords late at 1925; palmer
grade light southern dairybred stockers
quota BILE. SO 50d5. CaIves-Receipts 25n
including IT'S stock calves: market steady
bulk good to choice vealers. S750n g. so +:
some strictly choice handvweights to So
bulk medium and lower grades $3.50
down closing market mostly soc higher
than last Saturday Hogs-Receipts. 100
market. steady; TOP and bulk. 16o-225 lbs
s11 To- 230-275 lbs. Sill 10: 2s0 lbs up
5000; 14O-155 lbs $40 so: 120-135 lbs
sees: sows $685.: closing market. sOc
higher than last SATURDAY. Sheep-Re-
ceipts. 1900, including 1900 stock ewes:
lamb supply meager market ouotable
nomins llv steady: bulk of the good TO
choice. eve and wether lambs ouotable. So
1850 with some strictly choice offerings
considered sslable higher: mixed medium
to good lambs including bucks s6d 7 50
comm On throvouts. mostly s5G550 and
fat ewes So 50 down; better grade lambs
closing mostly Csc lower than last Sat
urdav: palmer grades ana tat sheen IN
changed: bulk desirable stock ewes. s7N
8 head: choice Young ewes ouotable to
$3.50 or better
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Sales Tax Tokens Illegal

Issuance of tokens representing fractions of cent
for in paying sales ores is unIawfm the Treasury
Department 1carned in kilograms sent to officials of
Colorado Washington Illinois and Missouri.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

by United Press
Washington. Aug. l0.-Government ex-
penSes and receipts for the current fiscal
year 20 Aug. compared with a year ago
This Year. Last Year.
Expenses ... 934. 3eS 03s s24.2S297i
Receipts ..-.-. 4lS.6iSSea 32q. ISL 3l2
Deficit SIS 700 Ia Sill 65q
Cash Balance 1 597.27l 24e 2.s52.s59. Asst
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
N. Y. Bonds
CBy Abbott, Proctor g. PaineJ
L. $. GOVERNMENT BONDS
Liberty

Copyright. 1885. by Standard Statistics
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

Lambs. 30 lbs. down. good and
choice ............' 80. ssOOd 900
Medium Observation-Disclosures. 5.75d 500
Ewes
C9O-l25 lbsD Good and choice 2.00G 800
diums '''' -. .7s7 400
Q20-15ol Good and choice o.. l50G AIS
Evening star., 1935-01-27

so highly that It was kept with the birthday"
book in drawer, was studio portrait of the
12-year-old lad, standing straight and fearless,
head up, shoulders back, in riding breeches and
q brand-n plaid waistcoat, of which she said
he was very proud.
At first she said, she had rather q hard
time with her young charge. Fond of the out
of-doors, he did not relish his piano practice
nor other indoor lessons. So she chided him one
day:
FRANKIE, your father is wasting his money
and my time; shall leave you!'
From that moment his attitude changed and
they became the best Of companions. All his
lessons were given by her, but to balance this
cultural side he had man instructors in me-
chanical training and gymnastics. His favorite
studies at the time were geography, history and
languages. He already spoke German and these
lessons were continued. But her own speciality
was French and this was the language he was
expected to use always when with her, even
at meals which they had together ahead Of the
rest OF the family and guests under the watch
ful eye Of Henderson, the butler
He learned easily, was interested in every
thing and never was bored But what Nine
Rosat remembered most, however, was his con-
stant smile and good humor, coupled with a
keen intelligence. Though she does not recall
that his parents had any particular ambitions
Tor their son except that he should have a
happy, useful life and be of service to others
in whatever career he himself should choose
she said that she recognized qualities of leader
ship which led her to predict to his mother:
FRANKIE will distinguish himself"
G HE remembers his Jokes and how he liked
- to make her laugh. He would come to
regale her with them as, for example:
what animals are always ready to travel?"
Answer, Elephants because they have their
trunks with them"
What country makes you sneeze?" Answer
"Rus-s-i-a," pronounced with very sneezeful
sound.
He particularly enjoyed travelling, keeping
his face glued to the window and asking uues-
tions His parents considered this an essential
Evening star., 1935-01-27

ME run with him until was breathless!"
But the journey she likes to recall the most
was when the Presidents father took his son
to Washington to see the White House and
call on his friend, President Cleveland Presi-
dent Cleveland had put his hand on the awed
little boys blond head and said to him:
there's one thing wish for you, my boy,
and that is that you may never be President
of the United States"
but, OH said frankie to me when telling
me about his visit his blue eyes shining,
I think I'd like it,"
BY this time it was the hour for tea and
Nine. Rosat went to her little kitchen to
fetch 1t. Returning with dainty tea service
and sandwiches on a tray. she pointed to the
spoons. They were unusually heavy handsome
silver ones engraved J. r.
These were a part of a gift to her. Have
I not reason when say they were kind to
me? They gave me three dozen pieces Of
silver and white silk dress when LETT"
And she explained how she left the Roose-
veltS to return to Switzerland to marry and
how they travelled to Europe together Franklin
occupied the state room with me and had the
upper berth. He would wake me in the morn
ing by dangling q piece of string in my face
An that does not seem 40 years ago"
She then showed me one of her proud DOS
sessions-a letter of high commendation writ
ten In Mrs. James Roosevets own aristocratic
hand
DREsIDENT ROOSEVELT is not the onk
American who came into the orbit of her
benefcent influence. During one of her Sum-
mers with the Roosevelts she did not accom-
pany them to Europe, but remained in the
family of Mrs. Roosevelt's sister, having as
her charges the Presidents cousins, Warren
Delano Robbins, and his sister Muriel The
former also has distinguished himself in his
country's service, now occupying the post sf
United States Minister to Canada.
Copyright, 1850
Evening star., 1935-01-27

would have news of her dear Roosevelts-
mother and son-from one of her own COM
patriots.
In her eagerneSs to hear of the success Of
her "Frankie"-he is still the little boy she
had In her charge and whom she has not
seen since she left him at IL years of age
she had Cancelled two lessons and now the
afternoon was free.
Answering questions without any hesitation
she told how in the Summer of 1892 she was
In London, having just left a position in Scot
land, when she had telephone call from an
agency They wanted her to go to q London
hotel to see an American family-mother and
father-who were seeking a French governess
for their 10-year old son. They had had a
German governess for him and they had been
travelling on the Continent.
"At first" she told me, IT hestated even
answering the call. dreaded the thought OF
crossing the Atlantic and Of going so far from
my home in Switzerland. What decided me to
try was the prospect of having only one child,
whereas had just left four boys and q girl"
And before that she was in boys school,
Perhaps better to study her, the boys mother
asked her to stay for lunch But 1t seems the
deciding factor had been the boys whispered
aside to his mother:
Take that one; like her: she smiles!"
co SHE Travelled to America with them and
settled with them on their beautiful estate
at Hyde Park-on-the- Hudson. She also spent
brief periods at Campobello on the coast of
Maine, and travelled with them both in the
United States and abroad. But Hyde Park was
their all-the- -year-round home, and childhood
spent in such surroundings means foundation
of mental and physical stamina capable of re-
sistng ife's fierce storms of later years.
But see how the place has changed" she
said, pointing to a photograph on the wall,
showing a clapboarded house Indeed, almost
the entire wall and the room itself seemed dedi-
Gated to 40-year-old photographs of the Roose-
velts. Among them one of her charge on
horseback or with her in laughing groups on the
lawn, and handsome one of Mrs. James
Roosevelt in black velvet gown of the period
The largest one, and one which she priced
Evening star., 1935-01-27

Will recall happy memories to one little
- old lady-his boyhood governess-now
living in an obscure corner of Switzer-
land. On that day she will take out
from Its wrapping in a drawer a worn
birthday book and turn. as she did for me, to
date of January 80. 1882, where, in a Arm
yet childish hand, is the signature, FRANKLIN
d. ROOSEVELT"
That was written more than so years ago
but the memories Of those happy days spent
with the boy and his parents are still vivid
IN ner mind. Now Nine. Rosat, she was Mile
Jeanne Sandoz during the two-year period that
she lived with the boy and his parents at Hyde
Park, starting when the boy Franklin was 10
years old. In those formative years she had
charge of his education and he was con-
stantly in her care
She seems to have been left unnoticed bv
the Presidents biographers and wishes to remain
So But there had been little notices in Swiss
newspapers, and I had written to ask il I
might come to see her. though she lived about
four hours away from Geneva
IL was clustering, Wintry day that spent
remarkable afternoon with Nine. Rosat in
her modest home at lie Locle close to the
French-SwiSs frontier. It Is in the Canton
of Neuchatel, and therefore in the heart of
the Swiss watch industry. The surrounding
hills were clad in a blanket of snow. bringing
Joy to the skiing public.
A SIGN in the window of the three-room
street-hoor apartment in 3OO-year- old
building with walls thick as a fortress an
nounced that "Lecons dAnglais"-English les
sonS-mlght be had within And, in truth
this brave little woman, more than 10 wears
old' was still occupied all day and sometimes
IN the evening with not only language but
also with piano lessons
answering my ring, it she herself who
opened the door, as she lives alone in the
apartment. Scarcely feet in height plump
ana WIN black cloth dress buttoned close to
Ine neck where black and white handker-
chlel was neatly tucked in, with brown hair
scarcely touched with gray she almost threw
her arms around her visitor in Joy. Now she