davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
INDIANAPOLIS, FRIDAY, APRIL 26, 1885
HOG PRICES UP
5 TO Is CENTS
AT CITY YARDS
All Classes UneVenIy Higher
as Receipts Decrease
Sharply.

A strong undertone developed in
hog trading at the Indiana polls
Stockyards today and all classes
were unevenly higher than yester-
days weak close. The general run
was mostly to 10 cents higher,
while extreme lightweights were up
from 10 to Is cents.
The two main contributing fac
tors toward the sharp advance was
a decrease in the number of receipts
and a strong demand prevailing in
practically all divisions. Light
classes, however, were scarce and
bidding was sharply higher. Sup
plies were estimated at $500. COM
pared with 5000 yesterday.
The bulk, leo to 275 pounds, was
selling from $685. to $905, while
heavy butcher grades, scaling from
275 pounds and upward, cashed in
at $3.50 to $8.85. Lighter weights,
1Iom 100 to 100 pounds, sold at S7.65
to 1855. Others, weighing 100 to
100 pounds, brought $3.50 to SITS.
Packing sows ranged from SITS to
1885. Holdovers numbered 126.
The cattle market held stationary
with weekend cleanup trade pre-
vailirg in practically all light
classes. Run of steers and heiferS
consisted mostly of odds and ends,
selling under $40. Receipts were
500. Vealers also remained I'M
changed, Salable at SO down. Re-
ceipts were 700.
With supplies scarce and practi-
cally no demand evident in the lamb
market all prices continued steady
at yesterdays average. Bulk of
clipped fed Western grades was SELL
ing at $725 down, while clipped
slaughter sheep brought 81 down.
Receipts numbered only 600.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
NeW York Curb
Other livestock
(By United Pressl


TT WAYNE april 5no 26mH0gsm oo %
lbs. So 30; 2OO-225 lbs, s8.75 225-25J lbs,
s8.65; 250~3oO lbs, sS.55; 3oO-35O lbs,
sS.35; 15O-lGN lbs, So so; 14O-15C lbs,
SIPS: 19o-l4o lbs. So; l2o-i3o lbs, 50;
Calves, $3.50. Wooleu 'ambs. So; clipped
lambs, 81.
cents higher: i80l225 lbs. So .9OG895; 325-
275 lbs s9.80dS.85; 275-325 lbs SS106
8.75: 160-180 lbs. s8.85; 140-160 lbs, $50
8.35: 130-l40 lbs, s760G785; 120-130 lbs,
Sal9d 7;35; loO-l2O lbs $3.50 SIS; roaghs,
Lambs-Steady. 81 IS down.
(By Times SpeciaD
LOUISVILLE. April -Cattle-Receipts,
225. slaughter cattle in very light supply;
run includes about two loads of stockers
and FEEDER; demand dependable; market
steers AID heifers, s7@9; better finished
kinds scarce. ouotable to $1,000 and above
for strictly good steers beef cows mostly
S56f.25; good kinds to 81 and above for
smooth heifer types; low cutters and cut
s566; beef bulls TO $3.50 and above for
yearling typeS; bulk better Hereford stock
calves, S75Ods.50; palmer grade light
Receipts, 375. including 12j stock calves;
market steady: bulk better grades. S7@8;
medium and lower grades $3.50 down.
HogsmReceipts 500; marret 90 10 9so cents gbt
ss75: 255 lbs. up. $3.50; 160-l75 lbs, ss.25;
l40-l55 lbs SITS; 120-135 lbs, $3.50; sows.
400 lbs down. 81: heavier soNs discounted
soc. Sheep-Receipts. so: lun mainly
wooded sheep and lambs; market STEADY;
choice quotable around S. common wooded
throwouts mostly SIS: fat wooded ewes
largely 81 down; spring lambs absent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
ONE-SIXTH POPULATION
NOW ON RELIEF ROLLS
20,523,042 Persons Listed in March,
FERA Report Shows.
By Times Special

By Times Special
WASHINGTON, April 26.-Feder-
al Emergency Relief Administration
statistics today revealed that one
sixth of the countrys population de-
ponds on the government for food
and clothing.
Relief rolls listed 2o,523,042 per-
sons in March, the last month for
which figures are available. Cost of
caring for them was more than
Sl50l000,000. March relief rolls de-
creased 147,304 persons below Janu-
airy, the winters high point.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
INDEX OF FARM WAGES
AT HIGHEST SINCE 1882
Department of Agriculture Figure 81
Per Cent of Pre-War.
BIZ United Press

br Cntttd Press
WASHINGTON, April 26.-Farm
wages on April l. as measured by
an index of the Department of Ag-
riculture, were the highest for that
date since 1892, it was reported to-
day.
The index level stood at "a per
cent of the pre-war average. COM
pared with S8 per cent on April l
last year
The supply of farm hards was 3S
per cent in excess of demand, al
though q per cent less than the
pre-war average. This compares
with a So per cent excess of farm
hand supply over demand"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
HOLDERS
OF u. S. BONDS
WILL ASK COLD
Attorneys Arrive From
Abroad TO Weigh Chances
of Court Action.
BY FRANK classy
United Press stan Correspondent.

NEW YORK. April 26.-European
holders of American gold-clause
bonds may bring suit within the
next three months IN an attempt
to force payment in gold, Edgar j.
Bernheimer. attorney representing
British and Continental protective
committees, told the United Press
today.
Mr.. Bernheimer's legal associate.
Barnett Hollander, arrived in the
United States Wednesday from Lon
don. He will RETURN tomorrow after
completing preliminary plans look
ing toward court action.
Foreign owners of United States
government obligations have a bet
ter chance Of obtaining payment in
sold than have holders of corporate
issues, Mr.. Bernheimer believes.
May Prove Damages
The Supreme Court decision in
the Perry case" he said, prevented
payment in gold to American hold
erS of government bonds unless
they could prove damages sustained.
Mos European holders will be able
to prove such damages, regardless
of the adventitiouS circumstance
that the sterling-dollar exchange re
lation is approximately the same to-
day as it was before the wave of
international currency devaluation.
Europeans can justly contend
that the contract calls for payment
in gold. and that there is no reason
why gold should not be paid them.
Even if they are prevented from
shipping the gold abroad, they can
nevertheless use it to purchase a
greater amount of foreign currency
than the paper dollars named in the
bond would buy"
Cites Private Contracts
While conceding that foreign
holders of private gold-clause bonds
might have less chance of recover
ing in gold, Mr.. Bernheimer said
that they might seek to have the
contract voided by the courts, since
its performance has been made i'm
possible by government action.
In that case" he said, holders Of
such bonds as second-grade rail-
road issues that have been default
ed and are currently selling at sac
riflcial prices might ask the courts
to order payment Of those bonds
dollar for dollar, even if only in
paper currency.
while in some instances this
might force receiverships, that is
not the concern of the foreign
bondholder who originally bought
the bond IN good faith"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
RELIEF BILL PASSED
BIZ Times Special

SPRINGFIELD, H., April 26.-
The Illinois House of Representa-
tives today was considering the state
administrations emergency relief
bill, by which the state will raise
S36,000,00O for the unemployed, fol-
lowing passage of the bill in the
Senate. The vote was 40 to IA.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
RAILROAD TO OFFER
NEW FREIGHT SERVICE
Home Office of Minneapolis G. st.
Louis Line Informs Local Agent.

u ~ OSs
Louis Line Informs Local Agent.
The Minneapolis & St. Louis Rail-
road Co. proposes to inaugurate
pickup and delivery service on less
than carload merchandise at all
stations on its line, c. L. Fuller,
Indianapolis general agent, was in
formed by his home office today.
The new service will be given at
as early a date as permitted under
the rules of the Interstate Com
merce Commission, Mr.. Fuller in
Dictated.
The receivers for the company
feel that the shipping and receiv-
ing public have a right to a serv-
ice that is complete, which means
transporting less than carload
freight from the shippers platform
to the receivers platform, such
service to be included in the pub
lished tariff rate and not an added
expense, Mr.. Fuller explained.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
MOORE NAMED PRESIDENT
BIZ Times Special

BY IfmeS Spectdt
NEW YORK, April 26.-R. w.
Moore. vice president in charge of
operations of Canada Dry Ginger
Ale, Inc, has been named president,
succeeding P. S. Saylor, who remains
as chairman and the corporations
chief executive officer, it was learned
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
.BULLISH NEWS At
PITS BOOSTS PRICES
UnfavorabIe Reports From
Southwest Is Factor.
By United Press

By United Press
CHICAGO, April 26.-Bullish news
predominated today on the Board of
Trade and grain prices were higher.
At the start wheat was Z to q
cent higher: corn was up 2 to l
cent, and oats was 4 to 2 cent
higher; rye improved Z to q cent.
Weather reports from the South
west and strength at Liverpool were
the main factors that caused firm
ness here. There wer" dust storms
in some sections of the winter wheat
belt last night and the forecast in
dicated no immediate precipitation.
Bartlett Frazier & Co.'S Liverpool
correspondent cabled that the mar
ket was f1rmer on a generally good
demand.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
GROSS INCOME LOWER
United Corp. Reports Profits at ST.
S24,469 for Three Months.
BIZ Times Special

Do InlfS Np6Ci1I
NEW YORK. April 26.-Gross in
come of the United Corp. for three
months ended March 81, 1885,
amounted to S2,324, 400, compared
with S2,727,106 in the same period
Of 1886, it was announced here to-
day.
Net income after taxes and ex-
enseS amounted to S2,225, 400. equiva-
lent after dividend requirements on
the So cumulative preferred stock to
about 2 cents a share on 14,529, 1923
shares of common stock. This
compares with net income Of 81
$40 047 last year, or cents a share.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Wall St.
Savings to Nation
by Cut in Money
Rates Large.
by RALPH HENDERSHOT-
Times Special Writer

NEW YORK. April 26-It would
I be impossible to determine
the savings to the United States
by the decline IN money rates
during the past year, but it is
obvious that it will be enormous.
The government itself viii save
about 100000, 900 annually in in
terest, according to estimates. and
this will be added to materially by
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

part Of many to meet their interest
obligations caused properties to De
thrown on the market through
foreclosure. Consequently, not only
was the r,lTcAas; power of the
public greaty .educed but values
we're great. affected by the huge
burden interest payments.
Sc long as business was booming
the huge debt structure Of the
country constituted no great
handicap to general wellbeing. And
il would have heen an excellent
thing after the slump developed
had it been possible TO cut debts
proportionately. But that was out
Of the question, so the only way re-
lief was possible was through a re-
duction in interest rates. Now that
We have received that relief N
some quarters and have the
promise of its spreading to others
the outlook takes on a much
brighter hue.
THE government was responsible
n largely for the lower interest
rates. It flooded the banks with so
much money that they were hard
pressed to find employment for it.
The competition which arose for
the better class loans became so
keen that interest rates could not
hold. Call money rates recently
dropped to Il per cent, the lowest
level in several decades. The banks,
moreover, are being forced into
corporate issues now in order to
secure a reasonable rate Of return
on their surplus funds.
Bond prices have been advancing
consistently for some months, and
some authorities seem to think the
market has reached a dangerous
position. Others say, however, that
we have not even approached the
peak of bond prices. The VAST
amount of funds awaiting employ
ment and the easy money policies
of the government are likely to
snake price levels of the last few
.years seem unusually low, they con-
tend.
n
TINE benefits of such a develop
l. ment would be of tremendous
importance at this stage of the re-
covery. The cost of carrying the
debt burden would be so greatly
reduced that properties and other
tangible goods probably would find
a ready market again. Building
operations probably would be ma
teTially assisted, business people
Clce more would be able to get the
credits they need, and frozen sit
uations would be thawed out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Effects of Depression
on Indianapolis Industry
Depicted in Ne70 Surrey
Wages Paid by Establishments Drop s3e,220,143 in
First Four Years, but Slump Is Less Marked
in Last Two Years.
BY VINCENT LYONS
Times Financial Editor


piced biennial today by the
o the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

corporations and
/ n d Vi duals
through refund
ing operations.
One Of the
chief reasons why
{ h e depression
was so severe and
lasted so long
was the excessive
pro or ii on of
earnings which
were needed TO
m G e t interest
charges on debts.
Moreover, the in
ability on the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
SILVER ISSUES
AGAIN IN LEAD:
COPPERS FIRM
New Tops Made in Long
List of Mining
Shares.

BIZ United Press
NEW YORK, April 26.-Bar sill
yer SCARED to 81 cents an ounce
here today, a rise of cents over
yesterdays price and nearly cents
above the price the Treasury pays
for newly mined silver.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
LO CAL CASH MARKET

for No. soft red wheat Other grades
on their merits. Cash corn No. yellow
81 cents, and oats AZ cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Produce Markets

Delivered in Indianapolis prices: Heavy
breed hens. Ice; Leghorn hens. lac:
broilers, lbs. and up. zoe: Leghorn broil-
ers. lbs. and up. Tic; barebacks broilers.
13c; cocks and stays &c. Ducks full feath-
cred and fat. &C: geese fue feathered and
fat: &c. All classes of guineas. 15c; No. l
strictly fresh country run eggs. loss of
zoe. Each full case must weigh lbs
gross a deduction of 10c pound under
SIS lbs. will be made. Butter-No. l, 34d35c;
butterfat. 30c. Quoted by the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

Within the industrial area of In
dianapolis, which is defined as con-
Sisting only of Marion County, the
Bureau discloses that from the end
Of 1929, which marked the birth of
the slump, to the close of 1888 these
significant changes took place:
l. The number of industrial es-
Establishments declined from 910 to
634, loss of 276 units of industry.
2. Average wage earners receded
from 81 900 to 81 ,286, loss of 19,8O4.
3. Wages paid fell from $685.
063 to $28, 465 ,920, decline of
S39,220,143.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
". Y. Bonds

Reprinted from Yesterday
tBy Abbott, Proctor & PaineI
DAILY ROND INDFX
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
1900 Units and Up Listed

Thus, for the first time, a person
is able to gauge the department of
indianapolis industry in the first
four years of the current economic
plague. Only those establishments
whose business amounted to $4,000
or more were included in the CEN
sus.
To assuage the Calamity howl
ers" it must be pointed out that the
greater part of this industrial back
pedalling occurred in the first two
years, or in 1880 and 1881. The
years 1882 and 1888 were marked by
perceptible slowing down in the
rate of plants shut down, decline in
average wage earners and the drop
in total wages.
For instance, in 1880 and 1881,
the number of industrial establish
ments which disappeared was 1853,
against 1913 in the following two
years.
In the matter of average wage
earners the improvement is con-
Siderably more marked. In the first
two years the total of wage earners
was lowered to the extent of 1884,
but in the two latter years the drop
had been pared to 1910.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Wage Cut Pared

Wage disbursements at the end
of 1881 were $28,8O8,10O below the
1929 figure, but the 1888 figure IN
turn was only $1O,412,O43 less than
in 1881.
The value of products turned out
by the various industries aggregated
$427,211,O 23 in 1929, contrasted with
$168, 1898 in 1888. Here, too, the
bulk of the recession shown was
concentrated in the first two of the
four-year period. BY 1881 the de-
cline had amounted to $185, 129, 614,
but in the next two years the recess
sion was reduced to $73,941, 426.
At the close of 1888 it is dis
closed that the printing and pub
fishing business (book, music and
job had the largest number of es-
Establishments with rs. Steam rail-
road repair shops we're first in two
respect, average wage earners and
wages paid, with 3468 and 1887 1863,
respectively. The wholesale meat
packing industry was first in value
of products produced with figure
of $25, 1851 ,086.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

CBv James E. Bennettl
Evening star., 1935-02-06
WILL BANS INTOXICANTS
Kate olcott Provides Heirs May
Not Imbibe Until FL.

NEW YORK, February R).-Kate
v. s. Olcott's will, filed yesterday. be-
queathed $1,000 each to six grand
children, provided they do not smoke
or drink intoxicating liquors before
reaching the age of 81.
Evening star., 1935-02-06
FOURTH c. c. c. VICTIM
OF MENINGITIS DIES

Camp Near London, KY, Quaran-
tined as Fatalities From
Epidemic Increase.
BY the Associated Press.
LONDON. KY, February 6.-Eugene
Belch died of meningitis yesterday,
Evening star., 1935-02-06
LANSbURGH FETE
ATTENDED BY 800.
National Dry Goods Presi.
dent Addresses Diamond
Jubilee Luncheon.

Lansburgh's inaugurated its dia-
mond jubilee year with a luncheon in
the main ball room Of the Willard
Hotel yesterday, at which approx-
mately 300 business and civic leaders
of Washington were guests.
David Ovens, president Of the Ma
tional Retail Dry Goods Association,
delivered the principal address, and
contrasted conditions Of today with
those of rs years ago, when Gustave
and James Lansburgh founded the
little store that has grown into the
large and successful department store
now a leader in Washington's busi-
ness world.
Modern Methods Praised.
Ovens praised the company for its
ready adaptation to modern methods
to keep abreast Of changing condi-
tions. Methods, he said, and not prin-
ciples of merchandising, have changed
during the time that Lansburgh's has
been in existence.
E. Barrett Prettyman, corporation
counsel, representing Commissioner
Melvin c. Hazen, who could not at
tend because of illness, extended the
congratulations of the city. He also
outlined something Of the history of
the store.
Ralph Goldsmith, general manager
of the store, welcomed the guests.
Mark Lansburgh, secretary, introduced
the speakers, whose talks were broad
cast. Bishop James E. Freeman pro-
nounced the invocation.
Other Distinguished Guests.
In addition to those named above,
others at the speakers table were Sol
Lansburgh, president: Adolph Weyl,
treasurer; Abe Cohen, Sam Schwartz
and Mrs. James Lansburgh, members
of the board; r. B. H. Lyon, counsel,
and Isaac Cans, well known Washing
tonian who Is also celebrating his
Seventy-flfth anniversary this year.
Guests included representatives Of
virtually all the city's leading busi-
ness and civic organizations and the
heads of a number Of trade associa-
tions from out of the city.
Evening star., 1935-02-06

Crop Control frightened.
The government Of Uruguay Is
tightening its control of crop market
ing.
Evening star., 1935-02-06
PARAMOUNT EXECUTIVE
STEPS OUT IN SHAKE.UP
Henry Herzbrun Takes Vice Pres
idency Of Film Company and
Lubitsch Is Promoted.
By the Associated Press.

By the Associated Press.
HOLLYWOOD, February Ga
shake-up in the executive ranks at
one of Hollywood's largest film COM
panies, Paramount Productions, Inc,
was effected today with the announce
ment that Emanuel Cohen had stepped
out as vice president and general
manager of production.
His position will be filled. temporar-
lily, at least, by Henry Herzbrun, for
several years general counsel for the
company. Ernest Lubitsch. noted film
director, will become supervisor Of
productions.
At the same time Albert A. Kauf-
man, Cohen assistant, asked to be
retired from his present position. He
will become an associate producer.
Evening star., 1935-02-06

bringing to four the total number
OF deaths from the malady among
boys enrolled at the c. c. c. camp
near here since January "a. The
camp is composed Of West Virginia
Save for few from near here the
camp S composed of West Virginia
boys. All those who have died so far
are from that State. All died in a
Lexington hospital, where they were
sent as soon as their cases were
diagnosed.
Evening star., 1935-02-06

Of $4,000 for the arrest Of the two
pirate chiefs. A reward Of s2,500 has
been offered by the Tungchow's
owners. sd"
The British naval vessel Decoy land
ed 20 Chinese troops at Swabue and
regiment was dispatched to Bias
Bay, pirate sanctuary.
Evening star., 1935-02-06

pirates who looted the British coastal
steamer Tungchow while 1t was en-
route to Chefoo with rs school chill
dren among its passengers.
Marshal Chan Chai-Tong. National
ist government military leader, prom
ised energetic action by the Cantonese
government. which offered q reward
Evening star., 1935-02-06
EDITOR DIES
Chestertown Newspaper Man Held
N. R. A. Compliance Post.

CHESTERTOWN, Md. February 6
R).-Richard Harrison Collins, editor
of the Chestertown Transcript and
member of the N. r. A. CompliaNc ce
Board Of Maryland, died at his home
here yesterday. He was rs.
He was a former member Of the
Board of Trustees of the Maryland
House of Correction and was once
employed by the old Philadelphia
Times. He is survived by his widow
and four sons-States Attorney Ste
phen Roberts Collins, Richard Har-
rison, jr., and William Salisbury Col
Inns, all of this town, and John Hard
ing Collins Of West Virginia.
Evening star., 1935-02-06
LINE ASKS LIMIT
ON MOHAWK SUITS
Sued for More Than 1,000, 900,
Operators Ask Court for
$4,000 Liability.
BY the Associated Press.

BY the Associated Press.
NEW YORK, February 6 'R).-
Confronted by claims amounting to
more than 100000. operators of
the liner Mohawk, which sank with
loss Of IS lives OF the New Jersey
coast last month. sought yesterday
to have their liability limited to
$4,000.
In Federal court petition the At
lantic, Gulf & West Indies, Inc,
and the New York & Cuba Mail &
Steamship Co.. which is popularity
known as the Ward Line, blamed the
disaster on the alleged incompetent"
master Of the Norwegian freighter
Talisman.
The Mohawk sank after q COL
lision with the Talisman.
The petition cites a provision In
the admiralty law that says claims
mast be held to the value of the
vessel at the end of its last voyage
plus the value Of any salvage, freight
charges to be collected and passenger
fares.
Evening star., 1935-02-06
BRITISH PRESS SEARCH
FOR CHINESE PIRATES

BY the Associated Press.
HONGKONG, February 6.-British
authorities exerted every effort yester-
day to bring about the capture Of the