davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
413 COMP ANIES'
NET LAST YEAR
BEST SINCE 80
Disbursements to Security
Holders Up by 1853
Millions.
By Times Special

d y tUCS SDeCt0t
NEW YORK, Aug. 24.-Net profits
of Alb leading industrial corpora
tions in 1884 totalled $1,108,0OO, or
more than any year since 1880, &C
cording to the annual composite in
come accounts and balance sheets
released today by the Standard
Statistics Co. The Alb companies
had total invested capital on Jan l,
1885, of nearly IS billion dollars and
so represent an important cross
section of business.
The peak of net profits was
reached by these corporations in
1929, when $3,178,OO000O was re-
ported. Profits dropped the next
year to just under billion dollars
and by 1882 had receded to $254,-
100000. The next year saw gain
of more than a half billion; still
further progress was made in 1884;
and indications so far this year are
for a continuation of the upward
trend.
THE favorable trend" the study
continued, is also apparent from
another angle. These same corpor-
ations paid security holders $685.
100000 in 1884, or $158,000000 more
than the $833,O00,0OO distributed in
1888, and nearly as much as in
1882 when arrangements were still
reluctant to take drastic action on
dividends.
From still another standpoint.
progress was shown by the compos-
tie income account. Net profit
earned on invested capital was 11.2
per cent at the peak of 1929. BY
1882 it had fallen to l per cent. The
next year the figure was 81 per cent,
and in 1884, AS per cent.
although the Alb industrial cor
porations dug into surplus to keep
going in 1884 to the extent of $126.-
100000, many individual companies
and several industrial sub-groups
went against the general trend and
made substantial additions to sur
plus last year. These include auto
mobile parts and accessories,
$14,000000; Industrial chemicals,
$25, 100000; miscellaneous foods,
$4,000 900; meat packing, $30,0O0,-
600; general chain stores, $15,010,7
90; mail order houses, $10,0O0,00O.
THE darker side of the picture
shows that many groups we're still
drawing large sums from surplus
last year-in some cases however,
to keep giving common stockholders
the benefits of the rainy day saw
ings of earlier prosperous years.
Sub groups which would have added
to surplus except for common divi-
dends include, automobiles, build
ing equipment, electrical equipment,
baking products and flour, dairy
products, floor coverings, machinery,
grocery chains, sugar, and tobacco.
THE composite balance sheet for
Alb industrial corporations shows a
steady decrease in property accounts
since 1880. The 1884 figure for
these companies was $4,000, 100000,
against $16,018,000,O0O in 1890. In
vestments were down to $2,547 ,000,-
600 from the peak 1929 total of
$2,803 100000 Cash and equivalent
at the end Of 1884 totalled $3,143,-
100000, against $3,711,OOO,0O0 in 1928.
Receivables, in reflection of sharply
lower business volumes, we're only
81 ,683 100000, against $2,974,OO0,000
in 1929"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Is Trades, UndeOel0bed in 1879,
Had 1,123,314 Workers i'm 1884


YORK, 26-Eighteen industries that undevel
employment 123314 workers so later
according figures today National Industrial
half the number of wageearners
manufacturing industries increased from 444 100000 OF
population 1913 per 100 900 Of total population.
number of manufacturing
inhabitants 1879 to 1929 1929 Of this increase
employment industries which
The that the number OF
employed the Is Industries herewith consti
industrial employment
population the magnitude of the contribution of
OF
ployment broadening national consuming power
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
SWINE MARKET
HOLDS STEADY
Improved Demand Offsets
Heavy Receipts at
Local Yards.

An improved demand for hogs at
today Offset heavy run of receipts
and prices remained unchanged for
the third consecutive session. To-
days supply was estimated at $500.
compared with only 1900 on hand
Saturday.
The large supply, however. was
consumed in fairly active trading
with only 157 hogs left over for to-
morrow'S market. This indicated
sharp improvement in buying.
the indianapolis Union Stockyards
The general bulk of 160 to 200
pounds, cashed in at $11 to SLIPS,
while choice kinds, scaling 200 to
275 pounds, brought $l115 to SLIPS.
Top price held at $11.30. Extreme
heavies, ranging from 275 pounds
and upward. were salable at S10.75
to $1115. Light grades, weighing
1870 to $50 pounds. were being Of
fered at $3.50 to So Packing Sows
held at SO to $40
Tendency was slightly lower in the
cattle market with the early supply
consisting of stocker and feeder
calves and yearlings. Beef steers
were scarce and quality low. Few
lots sold under SO. She stock were
slow and around steady. Heifers
brought $3.50 down. Bulls were
valued at $425 to Sc. Receipts were
900.
An uneven trading range devel-
oped in the veal market. Prices
were steady to largely so cents lower
than last Friday'a average, Bulk
of good and choice kinds were sell.
ing at SO to $3.50. Receipts were
800.
With liberal supply of lambs on
hand, the market was steady to
generally Is cents lower than Sat-
urday. Bulk of better grade eve
and wether classes we're reported
selling from $3.50 to 1925. An odd
lot of good and choice grades
ranged upward to $3.50 Bucks were
discounted from soc to 81, while
slaughter sheep cashed in at SIPS
to $3.50. Receipts were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
WHEAT VALUES UP
SLIGHTLY AT START
Traders Look to Liverpool
for Guidance.
BIZ United Press

By United Press
CHICAGO, Aug. 26. - Wheat
traders looked to Liverpool for mar
ket guidance today, and prices
moved upward on the Board of
Trade.
At the start wheat was y to
cent higher, corn was up 4 to q
cent, oats were 3 centllower to u
cent higher, and rye was up Il to
Is cent.
In the absence of other important
developments over the weekend the
attention of the wheat trade was
focused on the action of the Liver
pool market. There was moderate
buying early based on the flrmnesS
in the English wheat pit.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Produce Markets

The prices .QgOted below are pal, Psid for
hvered IN indianapolis the price VIII be e.. a
IeshoTn breed hens. loo; heavy breed
coeSs. &C. LeghoTn breed cocks, &c. col
S S5IT Sroii isrs IL ISs ana up. lie: bare
back broilers. i0c' ducks. full feathered
and fat. &C; geese. fun .teathersd and fat
eggs loss Of zoe Each full case must
weigh SIS lbs. gross. a deduction Of loc
pound under s. lbs VIII be made Butter
No !. 20 "a 29c; butterfat. 2ic. quoted by
the Wadley Co
BY United Press
CHICAGO. Aug 2e.-EggS-Aug. 26--
Ess s IsS T c IsSsps res ssao i5 g.
q dirties. is 22e. checks. i5.l 20 C,
Butter-Market. nrm, receipts. 1851 tubs
extra hrsts ,9o-siia seosel, 24A g 3iise;
scorel. 23ff % &C. seconds ise-s7i1 score
- y - C; specials. 2Sss q 25.s standards
2fisc. Poultry-Market, steady receipts. =
trucks. car due. broilers. is9 zoe, fryers.
l7Gisisc; ducks. IS ulIe: geese, iS0lS &C,
sprin<. chickens. $50 2oisc: hens. lil
e &c: turkeys zig lac; Lsshorn hens. L
Ice. daisies. 1854 t6i-c, Longhorns l6xfi
ieize. Potatoes-Supply liberal. demand
SLOW; market. slishtiy weaker. Idaho
triumphs. 81 50 q 40. E,lssetts. si35G 50.
Wisconsin cobblers. Tsfio0c. tTiumphs. 90 q
CSC. California Wake Rose. 81 IS. Mime
sofa early .ohios. Sc; North Dakota
81 0s. MARYLAND Cob5lers. 81 OS: Virginia
Cobhlers 81 10. arrivals 2Sf. on track
sss. shipments. $50 Saturday
CLEVELAND Aug -Butter-Firm:
cufrert receipts % &C. Live
extras. 7sc N tubs Standards. 2sizc. EGGS
-Fi-m. extra whites 29c extra frsts
Isle. current receipts. 3 &C. Live poultry
Steady heavy fowl. zoe. medium fowl
lec. ducks. 5 lbs. and up. lie. small
ducks. l3c Potatoes-i0o-lh bags. Delaware
and New Jersey. sfulio: Ohio, soc q sl.le.
PennsvlFania. siglloss Idaho. s2G2lS,
Virginia. bbls, sI5oOle5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
On Commission ROw

ouotatiops BE below subject to change, are
buyers. by local commission dealers.
FruitsLBananas, 434c ID. Peaches. FL
loupes. Indiana Jumbo flats, Csc; standard
fats, Coo; Honey Dews California IS, IFS,
81 so; Honey Balls, Jumbo, 36s, ASS, So
Watermelons,. Indiana round 45c. Blue
S 2fT5s n SeWhe Msdd6 Sq BLUSH Ease $685.
Lemons, sunRist' $500. 81. grapefruit fruit
SC5a aIioPn seedless, 64si $s75. Lines
per 100. So. California .fruit-Apricots
grapes Seedless, S1.50. Pears, Bartletts. So
getables-Beans, green round string
less, bu. Sl.75. Beats-Home grown, doz
2 2 Cabbage home grown. bu. soc Car
bulk half bu Use. cauiifower. COLORADO rad n IfsV
Us, crate, sl.9O. Celery. Michigan. washed
and trimmed jumbo, dog, Csc; medium, doz
45c; hearts. Hamilton SQUARES ST 65. Corn
home grown bu. 81 SO Kale, home grown,
bu; .40c. Lettuce Iceberg California best
s.. q, home grown leaf. 15-lb. basket. 81;
Endlve. Ohio baskets, 60c. Manages. home
grown, bu. 81. small basket, CSC Mint.
ooz SOc Mustard home grown. bu. CSC
81 ~; home grown, white, 50-lb. bag, sI35
Walla Walla, Spanish. 50-lb. bag, $50
Parsley. home grown, doz. Csc. Peas. Colo
raoo, hamper. 81. IS. Potatoes-New Jer-
Sey. ceotb,olers,, l00,lb; bag, .sl.4o; Kentucky
early Ohios: bu. s14O Sweet potatoesG
North Carolina Jerseys. .bu $3.50. Rad
ishes. Ohio buttons, 2-doz basket 75c
Rhubarb,. out door. doz. 3Oc. Sage. doz.
s Soc; spinach New zealand bu SOC
bu 81 so; bunch. doz, 35c Tomatoes. home
grown, lob. basket. Csc; bushel 75c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
GASOLINE STOCK AGAIN
DECLINES DURING WEEK
Current Holdings Decrease $4,000
Barrels, Report Shows.
By Tim es Special

By Times Special
NEW YORK. Aug 24.-Finished
gasoline stocks on hand in the
United States during the last week
declined $4,000 barrels, following a
sharp decrease to the lowest record
this year in the preceding week, &C
cording to the American Petroleum
Institute today.
Refinery stocks of motor fuel dur
ing the week were off 1902, 900 bar
rels, with this being Offset to large
extent by gain of 504, 1000 barrels
in bulk terminal holdings, the re-
port stated.
With the three major producing
states all showing substantial in
creases, crude oil production showed
an increase of 81, 300 barrels to a
daily average of 2,708,000 barrels.
This compared with a market de-
mand of 100000 barrels for August
according to estimates of the Bureau
of Mines.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
VISOR GETS STEEL POST
By Times Special

DU IWtS NVeCfuE
YOUNGSTOWN, Aug. 26.-R. ].
Wysor, vice president in charge of
operations of the Republic Steel
Corp, has been appointed executive
vice president and general manager,
succeeding Benjamin F. Fairless who
recently resigned.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
CANDY SALES HIGHER
By Times Special

bU tWeS Sp6Ctdt
WASHINGTON, Aug. 24.-Sales
of all types Of confectionery and
competitive chocolate products in
the first seven months of 1885
amounted to s11 ,213,525, an increase
of 81 per cent over the like period
last year, according to reports today
prepared for the Department Of
Commerce by 313 companies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
CAR LOADINGS Squirt
Increase of S1,26S Units Shown in
Aug. IL Week.

BIZ nfff1 Press
WASHINGTON. Aug. %. - The
American Association Of Railroads
today announced carloadings for the
week ended Aug. II totaled 6l5.O06
cars. an increase Of 1928 cars
above the preceding week. and 1928
cars above the corresponding week
in 1884.
Miscellaneous freight loading for
the week totaled 23S,677 cars, an
increase of 1905 above the preced-
inc week and 1885 cars above 1884.
Loading Of merchandise in less than
carload lots. totaled 1884 cars. an
increase of 1871 above the preceding
week. but $50 below the same week
last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
by James E. Bennettl
AUTO FINANCING GAINS
July Increase Over Year Ago
Placed at 8 Per Cent.
By Tim es Special
WASHINGTON

WASHINGTON, Aug. 26.-The
dollar volume of retail financing of
new passenger automobiles in
creased 9 per cent for July as com
pared with July. 1884, and an in
crease of So per cent compared with
July, 1888, according to preliminary
estimates by the Department Of
Commerce. k5 compared with June,
1885, there was an increase of 4 per
cent. a counter-seasonal change.
The aggregate volume for the
first seven months of this year was
19 per cent above the first seven
months of 1884 and 104 per cent
higher than the corresponding Pc
Rod Of 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26

SEC chairman, Joseph P. Kenne-
dy, former Wall Streeter, and one
of President Roosevelt's closest adj
visers, is believed to have already
presented his resignation to the
White House. He will return to pri-
vate business. Also slated to return
to private business is Leo T. Crow
ley, chairman of the Federal De-
post Insurance Corp.
Meanwhile, a reconstruction of
the Federal Reserve Board under
the new banking bill is anticipated
with a new board ordered to be APP
pointed Feb l, 1886. 1t was be-
lieved several present members
would be overlooked by the Presi-
dent when he selects his new board.
Secretary of Treasury Henry Nor
genthau Jr. and Controller OF Cur
rency J. F. T. O'Connor automati-
cally are dropped from the board.
Kennedy Step Regretted
The withdrawal of Mr.. Kennedy
will bring regret both from security
dealers he was regulating and from
Administration circles favorlng
drastic regulation of Wall Street.
Since the SEC took over control OF
the security business more than a
wear ago. Mr.. Kennedy has been
unusually successful in keeping both
opponents and proponents OF reg
ulation happy
President Roosevelt has urged him
to continue in service, particularly
in view of the new discretionary
powers to be given the SEC under
the utility holding bill.
Mr.. Crowley has been represented
as wishing to retire as soon as pass
age of the banking bill gave the
FDIC added powers and turned it
into a permanent agency. One re-
port is that he might head the
Northwest Incorporation.
Eccles Appointment Certain
Far-reaching changes may take
place in the Federal Reserve Sys-
tenn. Governor Mariner S. Eccles
is believed certain of appointment
as chairman of the proposed board
Of governors of the Federal Re-
serve System. The position of the
five other appointed members is
less certain.
Changes are likely to be carried
down among the II regional Federal
Reserve Banks. The bank bill Gre
ates offices of president in each OF
the banks and some of these Selec-
lions may be made out of present
heads CT the banks. At present there
is a dual control over the Reserve
Banks with the governor and the
Federal Reserve agent ranking off,
GERS. Friends of Governor Eccles
state he will not take a. IA year term
as governor of the Reserve System
under the new Set-up. He is be-
lieved receptive, however, to a short
er appointment.
Appointment of James D. Ross
yesterday as a member the SEC, to
the vacancy left by Ferdinand Pc
cora, brought utility expert into
the commission. Appointment OF
Mr.. Ross bolstered the commission
in this respect and may suggest the
early retirement of Mr.. Kennedy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Other livestock
(By United Press)

(By United Press
FIT wAYNT Aug 26-Hogs-lo to 25
cents higher; 22o-225 lbs. sios5: ls0-2 200
lbs. SOTO: 160-lsO lbs. $1,000: 225-250
lbs sil :o2 25o-275 lbs 5000; 215-3oo lbs,
SO IS: i40-l50 lbs, 50 so: l30-140 lbs. So 2S
l20-l3o lbs, 50; 1io-l20 lbs ss.75 l00-lI0
lbs, $3.50; roughs. s725.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Shifting of Personnel
in Ne70 Deal Agencies
Seen Taking Place Soon
Joseph P. Kennedy and Leo T. Crowley Heads of SEC
and FDC, Respectively Believed Ready to
ReinquiSh Posts.
BIZ United Press

WASHINGTON, Aug reagnment
the banking scheduled the
few mouths the today Changes leadership
planned Federal De-
post Insurance Corp the Federal Reserve Board All vitality
affected legislation The
SEC is to take utility holding regulation
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Other livestock

(By Times Special)
LOUISVILLE, Aug. 26.-Cattle-Receipt
1900 general market. slow; demand fair
for better finished grain on grass and
Csc lower; some bids Soc of; early bulk,
common to medium grade grass steers and
heifers, s5G 7.25; better finished grain
on grass and dryfed steers and heifers.
mostly ssd 1925; latter top for package
teal top. s5.25; odd head heifer type
cows held higher; low cutters and cutters,
mostly S2.25M350; sausage bulls mostly
$3.50 down; odd head, s5.15; stocker trade
moderately active; most better beef type
stock calves. s6.506 8.25; few choice high
er; common to inferior light southern
dairybreds, So. 5o@4.50. Calves-Receipts.
ally steady with close last week; bulk
price for strictly choice handyweights;
medium and lower grades, 81 down. Hogs
Receipts, 700. MARKET, l5025c higher
than last Friday and Saturday; most ad-
vance on weights from 245 lbs. up and
sows:. top and bulk better lso-24o lbs
l6o-l7o lbs. sl0.6S; i4o-l55 lbs, So 30; 100
l35 lbs. sas5: sows. sass. sheep-Re-
ceipts, $500, including 1850 stock ewes
lambs in light supply: quality not very
desirable, no early trading buyers gener-
ally talking around 25c lower, out sellers
asking steady or mostly SO 50a9 for bet
ter kinds. with choice kinds held to 1925
ing bucks considered salable mostly S668;
common throwouts, mostly $56550 and
fat ewes generally s2.50 down; stock eve
trade moderately active: most desirable
ewes. s75o99; some choice young ewes
held above.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
AUTO WORKERS
TO LAY COURSE
OF FIRST UNION
A. F. of L. Expects Power
full Unit to Emerge From
Convention.
By United Press

By United Press
DETROIT. MICH, Aug. eek
ecutiveS in the labor torn automo-
bile industry looked apprehenSively
to Detroit as hundreds of their
workmen assembled to attend the
constitutional convention of the
American Federation of Labor'S first
international auto workers union
which opens today.
Organized labor in all industries
awaited developments of the five
day convention from which labor
leaders believe will emerge a uni
fed. powerful labor union capable OF
governing itself and settling its own
disputes with employers.
Weeks ago each of the Federal
labor unions already established
in the industry met and selected
more than four hundred delegates
who Will represent their home
unions here. These unions will form
the nucleus of the international
union and will be merged into it.
Green, Dillon Leaders
The convention was called by the
executive council of the A. F. of L.
Leaders in its formation will be ma
tional president William Green.
who will present the new union its
charter, and Francis J. Dillon. ma
national organizer for the A F. Of
L. in the automobile industry.
Delegates must decide after they
have elected officers and set up a
constitution whether they will carry
over into their new organization the
experienced, but conservative leader
ship of the national federation or be
led by union heads brought up
through the industrys own ranks.
Although the new union will
stand on its own feet-have power
to call strikes without sanction Of
the A. F. of L. and further con-
troll itself-it is believed A. F.. of L.
officials will remain in charge Of
policy for some time to come.
Workers in the vast automobile
industry which employs annually
almost five hundred thousand per-
sons question the formation of an
international union to exist with
craft unions organized in the same
plants.
Craft DiSsensiOn Feared
The new International will be no
more radical than the present auto
unions" Mr.. Dillon predicted. AS
a matter of fact. he added, it prob
ably will be less inclined to rad
icalism than in the past.
A majority feel such split repre-
sentation ultimately would result in
diSsension and chaos within the
ranks of labor They would prefer
to remain organized in craft unions.
Mr.. Dillon, who is believed will be
chosen either president or executive
of the new union, has indicated the
goal of the organization will be the
unification of workers into a solid
group working together for the
common betterment of conditions"
Although working agreements will
be sought from manufacturers, Mr..
Dillon said he did not foresee any
request for signed agreements such
as have been asked for and obtained
by mine and coal workers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
LOCAL CASH MARKET

City grain elevators are paying 79 cents
for No. 2 soft red wheat. Other grades on
their merits Cash corn No. 2 yellow
70 cents and oats 19 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Commencement by Radio

More than 200 chapters of the American Institute
of Banking section of the American Bankers AsSocia
ton throughout the country 1c hold their annual COM
exercises at the hour and CU be joined
together By ndtion-cide radio hootup Sept. 9.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26

by United Press
WASHINGTON Aug. Achievement
expenses and receipts for the current ifs
cal year to Aug. % compared with year
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26
Unlisted Stocks

BY Blyth & Co. Inc.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-26

% VEST Ai5 81 Flee s si ss% sS 81 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-23
Big Bill Ruled as Tennis
King Eleven Years in Row
By Nat Holman

sionS and was the star of the United
States Davis Cup squad which ruled
the courts of the world for seven
years in row. He captured the
national doubles title with three
different partners.
Ellsworth Vines rise to fame in
cluded victories in the national and
Wimbledon tournaments of 1892.
George Lott, ranked third among
the nations stars for three straight
years, starting in 1927, Withdrew
from strenuous competition in 1882,
but staged a comeback during the
last two seasons and turned pro-
fessional after. teaming with Les
ter Stoefen to make a clean sweep
of the worlds most important dou-.
bles titles in 1884.
Stoefen is the youngest member
of the professional foursome which
will play here He is only %. In
1882 and 1888 he lost only to the
ultimate champions in the national
tournament singles play. Last year
Stoefen won the national indoor
title and shared honors with Lott
il doubles in all of the major
Journeys.
Mondays program at the Butler
f1eldhouSe calls for these four stars
to play two singles matches and a
doubles contest.