davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
BY ELMER c. WALLER
United Press Financial Editor


NEW YORK, April ga break
of more than four cents in the
world silver price today brought
heavy proft-taking into silver
/ shares and unsettled the stock mar
! ket. Losses ranged to more than 2
points in the silverS and to a point
or so in other sections. Trading was
relatively light
Losses of more than 2 points were
sustained by Cerro De Pasco,
United States Smelling and Howe
Sound. Federal Mining dropped
points. American Smelling declined
fractionally and Silver King Coal
ition Mines more than a point.
Copper and gold shares were off,
but most losses were a point or less.
Weakness developed in telegraph
stocks with Postal Telegraph pre-
ferred off 2 and Western Union off
one point. American Telephone
moved narrowly. International Tel
ephone dipped fractionally and
PostalS bonds also were sharply
lower.
American Can lost nearly points
and fractional declines were noted
in such leaders as U. S. Steel,
Westinghouse Electric. ChrySler
Consolidated Gas, Du Pont, Loews,
New York Central, Atchison, and
Public Service of New Jersey
General Motors, General Electric
and Montgomery Ward we're steady
to firm. Eastman Kodak rose 2
points to new high for the year
at 146 and then dipped to the pre-
viouS close.
Utilities were down small amounts.
Rails were down but held better
than others on the list.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Week in Review

Trading on the New York Stock
Exchange this week set a new high
for any week since July %, 1884.
Prices registered gains in major
groups, with silver shares out
standing.
Gains in world silver prices of
sensational proportions together
with a days closing of the Chicago
| Board of Trade on technicality
coming out Of move of member
firm to reorganiZs under the Bank
ruptcy Act We'd with the exchange
for the spotlight in the financial
world.
The gain in silver shares added
more than $100,000,000 in value to
the group, and many observers said
the rise had been overdone, since
it represented the entire United
States silver production for several
years. These fears seemed to have
some basis when silver shares broke
today.
/ Traders, however, were convinced
/ the Treasury would continue to buy
silver at rising prices until the
value of silver reached one-third the
value of gold in the Treasury or
until the price Of the metal in world
centers reached S1.29 per ounce.
Railroad shares had a good week
The car loadings report was close
to the best Of the year and earn
ings of some roads are picking up
thanks to the Surcharge recently
| permitted by the Interstate Com
merce Commission. Several of the
leading rails were up more than a
point.
American Telephone was a strong
spot, rising to a new high for the
year on a gain of 8 points. Traders
| accumulated the issue, realizing the
company would not come under the
Rayburn bill on holding companies
even if it passed in its present form
They die not expect such passage
and hence there was a better feeling
toward the gas and electric utilities
for a time. However, when Con-
solidated Gas offered to cut rates
and Public Service was ordered to
cut, the utilities had another de-
cline.
Steel operations showed a further
slight gain. but steel issues failed
to advance. Copper shares were
forced up on the strength of the
silver rise since most of them mine
silver as a by-product. Oils were
firm with Amerada making a new
top for the year Amusements
| f1rmed with Paramount certificates
and other issues strong on wore
Atlas Corp. would underwrite the
company.
There were several weak spots
Poor earnings reports reacted
against National DistillerS and Ma
tional Biscuit. Adolph Gobel issues
on the Big. Board and Curb were
forced down when the company an
nounced it would reorganize under
the Bankruptcy Act. General Mot
orS Sagged on strike at its Chevro-
let plant at Toledo.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
SILVER BREAK
FORCES GRAIN
PRICES LOWER
Wheat Values Go Steadily
Down in Trading at
Chicago Pits.


CHICAGO, April 27.-The rae
tionary tendency in the silver mar
ketS lent a beariSh undertone 10
grain markets on the Board of Trade
today and prices declined.
At the end wheat was off 3. to
is cents: corn was Is to 5. cent
lower, and rye was S to Is cent
lower
Although there was considerable
initiation talk heard in all pits. a
rather pronounced disposition to
even up for over the weekend de-
veloped. There were numerous
sharp rallies after the dips during
the day and on the advance there
were ample offerings. Wheat prices
tended lower throughout the session.
however.
Uncertainty as to the effect Of
the governments silver policy on
the grain markets was noted in
trade gossip during the day. Some
traders believed that initiation possi-
bilities will become the predominant
influence for a time with weather
and crop developments pushed into
the background. Dust storms were
reported in the Southwest and the
forecast indicated no moisture for
tomorrow.
Pressure credited to liquidation
by longs developed in rye toward
the close of the market with the
May and July deliveries showing a
sharp decline. provisions were
weaker with grains.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Other Livestock


LOUISVILLE. April 27.-Cattle. 100;
market nominal compared week ago,
sausage bulls. STEADY: other slaughter
classes unevenly 256 SOC lower; closing
bulk common to medium grade steers and
steers quotable to $1,000 and above; bulk
above for smooth heifer types; most low
cutter sand cutters. S30 $50; sausage bulls
mostly s5G6; desirable beef bulls To IS. 30
and above for yearling types; stockers and
feeders steady to weak: most desirable
Hereford stock calves. s7.50d $50; palmer
grade Southerns. S350@5. supply stockers
for Mondays market liberal. Calves, 400.
including $50 stock calves market seady
to mostly SOC lower for week. closing bulk
good to choice vealers. s7d g; medium
and lower grades. $3.50 down. Hogs, ESQ.
market l0c lower; top and bulk better,
i8O-250 lbs. 1855. 255 lbs, up S320 i60-
IT'S lbs ss15; 140-155 lbs. S7.65: 120-l35
lbs. So 10: Sows weighing 400 lbs. down
IS 90: heavier sows discounted soc; mari
ket closing zoe lower than last Saturday.
Sheep. IS: market nominal: closing steady
with last Saturday; medium to good
wooded lambs. s6500 $50; choice ouotable
around 50: common wooissd t d 50;
by United Press
Fl. WAYNE April Hogs-steadv. to
10c higher; 10000 lbs. 50; I6o-ls0 lbs,
So 90: 2o0-225 lbs. ss.e5: 225-250 lbs. SO. Is;
10000 lbs SO SIS: 300-350 los. s3.45: 49,
lbs. So: l20-l3O lbs. 81 so; 10o-l2O lbs. 81:
wooded lsmbsz SO; clipped lambs. 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
On Commission ROw

quotations below are average wholesale
commission dealers:
w Fruits.B g 1o 4,.c a. H. Apples.
$3.50. Lemons. Sunkist, 26Os S4.25. Grape
fruit, Texas, seedless. 81; Florida, seed
less. $3.25. Lines, Mexican, per carton.
Us. 2oc; Byram. seedless. per hundred,
$3.50; MISSISSIPPI. Pact. crate, s4.25.
white. 20-lb box, SITS. Cantaloupes-
Honey Dews. South America, So; Mexican
Jumbos, Sc crate; standards. $4.75 a
crate. Nectarines, South America. box,
VegetabIes-Cabbage, new Carolina,
hamper. $2.75; Florida, s2.75 a hamper
5O-lb. bag, $3.50; new Texas boiler, 5o-lb,
bag $225; new Texas white 5o-lb. bag.
S275. Potatoes, Green Mountains, 100-lb.
bag, S175; selected cobblers. 150-lb. bag.
Sis: ohio9ss 1Ooslb: bag s2.Io; Idaho
Triumphs. bushel. So Sweet Potatoes, In
diana Jerseys, bushel $3.50; medium or
seed, s1.1O; Nancy Hall. bushel $40.
Beans. round stringless, hampers. s2.75.
doz.. soc: jumbo. doz., Use; hearts, doz..
90c. Cucumbers, hot house. doz.. sl.15;
2 doz. box, 50. Endiye, California. dozen.
COO. Lettuce hot house. 15-lb. basket,
S210. Arizona Iceberg head lettuce, $3.50.
Mangoes, s5G6 a crate; small basket, soc.
NM doz ST. Parsley doz SIc peas
hamper. s235. Spinach. Texas. bushel.
81. Radishes. dozen. 60475c. Turnips.
bushel. 7Sc. Parsnips, bushel, half
bushel, 81 Beets. crate. new Texas, 81.
outdoor. doz., 30c Mushrooms, h., SOC
All quotations subject to change up or
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
RATES ON INSURANCE
TO BE RAISED MAY |
Pacific Mutual to Boost Prices on
On Nom Participating Policies.

Rates on participating life
insurance policies underwritten by
the Pacific Mutual Life Insurance
Co. after next Wednesday, May /,
will be raised 4 per cent, Earl T..
Bonham, Indianapolis general agent,
announced tdoay.
All other major companies in
creased their rates on non-partici-
pating insurance early this year, Mr..
Bonham said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
DROP IN SILVER
PRICE UPSETS
STOCK MARKET
Heavy Profit Taking Occurs
as White Metal Falls
q 1-2 Cents an Ounce.
MARKETS AT A GLANCE

MARKETS AT A GLANCE
Stocks irregularIy lower; siIvers
weak.
Bonds strong and fairly active.
Curb stocks irregularly lower.
Foreign exchange: Gold curren-
cies ease; sterling group steady.
Cotton futures to IA points lower.
Rubber futures unchanged to Z
points lower.
Grains: Chicago wheat as much
as l cent lower; other grains frac-
tiOnally lower.
Silver: Bar metal at New York
1874 cents an ounce, off 43i cents;
Montreal futures weak.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
SCHEDULES CHANGED
Big Four Trains Will Operate On
Reduced Time Next Week.

Train schedules of the Big Four
route will be quickened and air
conditioned equipment added. effec-
tive tomorrow, j. N. Lemon, Indian
apolis division passenger agent, an
nounced today. The change, affect
ing II trains, is incidental to day.
light saving time, which goes into
effect Monday in Chicago, New York
and other cities, Mr.. Lemon said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Other livestock
(By United Press

(By United Press
CHICAGO. April 7-Hogs-Receipts,
5000 including $500 Directs followers,
1000; market nominally steady; top SO 10.
Cattle-Receipts. 800: calves. 200; COM
pared Friday last week; choice to prime
medium weight and weighty steers steady
to IS cents higher: top S15.85; medium
most killing steers and yearlings. SO. 50d
1880: average price for week being around
sll.35; all she-stock generally so cents
lower; common and medium light heifers
81 under last weeks high time best year
ling and heavy heifers s11.50; bulls closed
weak to 10 cents lower; vealers. steady;
meaty, heavy short turn steers at 50 500
1915. Sheep-Receipts. 5000: for week
ending Friday 16, 400 directs; compared
Friday last week; fat lambs strong to IS
cents higher; sheep firm; weeks top
wooded lambs $3.50, shorn lambs around
81 under woolskins. closing top 81 so; bulk
around s6.35G $50; weeks top on spring
lambs sl4: late top. Sill: bulk around SEA
10: wooded native ewes mostly s4d5; shorn
LAFAYETTE. April 27.-Market. 56i5c
higher: 1S0-225 lbs. SO 950e: 250-275 lbs.
$3.50 500; 275-325 lbs. ss.70G6.so; 100
1870 lbs. $3.50: f40-leO lbs. ss.15dS 10:
l25-140 lbs. s750G7.75: 1l5-i25 lbs. STA
725: 1Oo-115 lbs, ss.5o@s.75: roughs.
Lambs-Steady; s725 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Fruits AND VEGETABLES

by UUILtu FTtSSI
CHICAGO. April 7.-Apples-Michigan
Spires bushels 81 so; Illinois Jonathans.
ST 50dl75: Illinois Willow TWigs si25G
So Carrots-Western crates. 8 doz 81 40
n so. Turnips-Tlinois and Michigan
bushels. asa Soc Sweet potatoes-Ten-
nessee bushels. siG1l0. Lettuce-West-
ern crates. 81 50G5.50 5 doz1 Leaf Let
tuce-Illinois and Michigan 10 lbs. coca
81 10 Beans-Florida bushels. green. 81
so. Cabbaee-Caiifornia and Missis-
sippi crates 81 Onion sets-Illinois and
Michigan sacks a bushel S275G3.25. Peas
California bushel hampers. s135Gl.65
omatoes-Florida Tugs. sldIs5: Mexican
Jugs. sl75G225. Rhubarb-Illinois 40
ID cartons slG125 Spinach-Arkansas
bushels, s1d125: Illinois. sl25dl.35. As
paragus- Illinois sectional crates doz.,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
State and City Officials
Converge on Washington
for W0rk-Relief Grants
Nations Capital Becomes Vast Shopping Center fol
Municipal Officers; DireCt-Grant Bargain
Counter Causes Friction.
By Tim es Special

by imeS SpeCtdt
WASHINGTON, April 27-This
city has doomed as a shopping CEN
ter since President Roosevelt signed
the work-relief bill. Scores of bar
gain seekers, recruited from the
ranks of state, county and city Of
fice-holders, daily crowd the quar-
tiers of governmental agencies from
which ALLEGATIONS of the four bill
lion dollars will be made.
The visitors, armed with long lists
of projects which they say would
provide employment, are showing a
tendency to play one governmental
agency against the other, seeking
to place their pet plans wherever
they will receive 100 per cent FEEDER
al grants.
So serious has the problem be-
come that administrators of the va
rious emergency divisions, such as
public works, Federal relief, soil
erosion ana the CCC, have asked the
White House for immediate clari-
fication of the Presidents plans for
spending the four billion dollar
fund.
Grants VS.. Loans
In establishing regulations, the
President faces the ticklish duty of
deciding which localities are to get
work-relief funds by direct grant
and which shall be required to take
their money in the form of loans,
or combination loans and grants.
The mix-up in authority over
public works has already caused
clashes between officials of the Pub
lie Works and Emergency Relief
Administrations Cities which have
obtained PWA approval of loans and
grants for public construction have
discovered they could switch their
projects to the FERA state work
administration on 100 per cent
grant basis, no strings attached.
Cancellation of PWA contracts
has resulted, and local officials in
some instances have publicly taken
credit for saving" the taxpayers
money-to the chagrin Of PWA Adj
ministrator Ickes.
Billion for Loans and Grants
Approximately one billion dollars
of the work-relief fund will go out
on loan-and-grant agreements. The
remainder of the money, because OF
amendments added by the Senate
must be spent directly without pro-
vision for repayment.
The President must set the line
of demarcation, and in so doing he
may run the risk of antagonizing
many communities.
1t is expected that he will eStab-
liSh a single channel of examination
for work projects through which al
applications for funds must pass. Il
the applicant is in position to as
sist the government in the financing
the project will be routed through
PWA.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
NeU York Stocks

Sales Appropriated 100000 shares,
compared with $4,000 shares last
Saturday.
Dow, Jones preliminary closing
averages showed industrials 109.6S,
off SO, railroads, 31.3O, off 81
utilities 1929, off 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Hides and Skins

Hides-Green country cows and steers
4iac fiat: green country bulls and CLUES.
&c fiat: green country calf hides Sc fiat:
hides with full heads. shanks. names and
tails 81 so: medium size. 50. All moi 2
grade horse hides. soc. less; CLUES and
ponies half price. No. l rendered tallow.
565izc: No at value. Yellow grease
4lz q Sc: dark grease. 464as.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
CHICAGO PRIMARY RECEIPTS
Cash Grain


Wheat-weak. No. l red. 9OG91c: No. =
red, 8sa 90c; No. 2 hard, .92G 93c Corn
white, 85l2d86l2c, No. yellow SOFA
81 &c: No yellow. 79G 8OIac: No. 2 mixed
78i2G 79c12c; No. mixed. 77I2m78I5c'
Oats-Weak: No. white, 46q47c; No 3
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Trends
Highlights of News
During Last
Week.
by FREDERICK MATSON-
Times Financial Writer

DEMONSTRATIONS Of fnan-
- ciaI observers in general and
western Congressman in particu-
lar were borne out when Secretary
Of the Treasury Henry Morgenthau
Jr. indicated Thursday that the
Federal government will continue
to buy silver until the price reach
es Sl.29 an ounce, or until silver
stocks reach a third the value of
the gold stocks. The s129 an
ounce value will place silver on a
16-tO-1 ratio with gold. Hence the
Joy of many mountain-state Con-
gressmen, who predicted that that
level will be attained within a year
. Mr.. MOrgenthau's statement
was made after the Treasury had
increased its price for domestically
mined silver to 7757 cents an ounce,
the second boost in two weeks. on
April 10 the Treasury raised the
price from 64.64 to I'LL an ounce.
Meanwhile, in New York, bar
silver scared to 81 cents an ounce.
Since the TreaSury''s actions have
been made in keeping with Presi-
dent ROOsevelt's announced inten-
ton of sustaining the price paid
domestic producers well above the
world market quotations, another
price-raising move in the near flu
ture is considered probable by many
observers. The stock market
felt the effects of Washington
action when silver shares scared
more than six points Thursday
and tickers were late.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
(By United Pressl

LHISAGO. ADrlI 21.-Cash grain: Wheat
No; 3 red. 81: No 2 hard. SiO6ig. Corn
Old No; yellow, Ole; No. yellow. GOA
9Qhc: No 3 yellow. 88i4 s914c: No 2
white Csc; No. 3 white 93hc, sample
grade, 76c. Oats-No. white Size: No
white 48 n 497sc: No 4 white. are
Rve-No sales. barley Feed quoted 500
!9c mating 70cmsl05. Timothy-sl50
1850. Cloversed S150l9 Cash provisions:
Lard. sl2. goa; loose. s12.7Oa: leaf. si275n:
bellies SIS 75b
Ask. Bid. N-Norminal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
LOCAL CASH MARKET

City grain elevators are paving SO cents
Tor No: soft req wheat. Other grades
on their merits. Cash corn No. yellow
81 cents, and oats 20 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
Money and Exchange
STATEMENT
TREASURY STATEMENT

lBy United Press
WASHINGTON. April 27.-Government
expenses and receipts for the current
fiscal wear 10 April IS. compared with the
corresponding period of the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27

THE nation witnessed an I'M
Il precedented spectacle Wednes-
day. Financial difficulties of a
single firm, the Rosebaum Grain
Corp, caused suspension of all
trading ON the Chicago Board of
Trade, one of the worlds greatest
grain exchanges. Under the
rules of the board an insolvent
member is Immediately suspended
and his trades closed out. 1t was
held by the Rosenbaum attorneys
that their client was not inSolvent
and they went into court and OBJ
tanned an injunction against sus-
pension of the firm from the
board. The exchange, however,
was faced with the possible liquida-
ton of large quantities of grain
held by the ROsenbaum company
if it permitted trading to begin in
the pits. The Board of Trade was
unable to suspend or force clos
ing Of the trades and therefore
had no other course but to diScon-
tinue trading for the day.
Grain markets in Kansas City,
Omaha. st. Louis and Indianapolis
also were forced to close because
of the hiatus in Chicago. In
the meantime, the Rosenbaum firm
filed a petition of bankruptcy
under section 77-B of the Federal
Bankruptcy Act in the United
States District Court at Whining
ton Del, seeking reorganization
and appointment of temporary
trustees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27
". Y Bonds

tBy Abbott. Proctor & Painel
DAILY BOND INDEX
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27

A MERICA'S cotton textile lead
"a ers joined New England in a
battle against the Administrations
processing tax. William D. Ander-
son, president of the American Cot
ton Manufacturers Association,
bitterly accused Secretary of Agri-
culture Henry Wallace of taking
"a special delight in marrying the
textile industry. Mr.. Anderson
attacked the processing tax in his
presidential message to the thirty
ninth annual convention of the as
ISOLATION, which is seeking a rem
edy for grave illS-taXeS and Japa-
neSe competitiOn-facing the in
duStry. William w. Atterbury,
president of the Pennsylvania Rail
Rad since 1925, announced mis- re-
tirement as head of the system. Mr..
Atterbury, SO. was born in New AL
bany. Ind He was succeeded by
Martin w. Clement. former vice
president. g.. Federal Emergency
Relief Administration statistics re-
veal that one sixth of the nations
population depends on the govern
ment for food and clothing. Relief
rolls listed 20,523,042 persons in
March. the last period for which
figures are available. President
Roosevelt added two alphabetical
agencies to the long list he has or
ganized under the New Deal
DAI and WAB. DAI is the divi-
sion Of applications and informa-
ton and WAB is the works allot-
ment board. Both are part of the
administrative setup of the $780,
100000 work relief program.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-27

TINE House Appropriations Com
Il mittee reported favorably the
new Sass. 286, 261 peace-time record
breaking naval budget for the 1886
fiscal year. 1t exceeds the 1885
budget by $174,S79, 0S9. Despite the
increase, the committee slaShed the
Administration projected building
program of "a new ships in half on
the grounds that this work can be
started later under a special appro-
priation if the scheduled naval dis
armament conference is unSuccess-
full. q. Farm debt Cancellation COM
mittees operating in Indiana have
adjusted farm Indebtedness of
$3,OO9.97 to S2,O66.522 as of April
%. DR.. f. S. Shideler, director of
the rural rehabilitation division of
Governors Commission on Unem-
plOyment Relief, announced.
The State Tax Board will not col
lect the intangibleS tax for 1888 and
1884 on investments of nOn-prOfit
organizations. according to Philip
Zoercher. chairman. Religious,
educational, fraternal and chart
table organizations will be given
until June l to pay the tax for the
current year, he said. Whole
sale prices reached their highest
level since Nov 80 in the week
ended last Saturday, according to
the Department of Labor statistics
index. A new high price for
cattle since February, 1880, was paid
at the Chicago stockyardS this
week. The five-year top of S15.85
was paid for a load of prime stores.
Smyrna times., 1935-10-24
Adult Education

For several years various courses
in adult education have been Of
fered in both the white and colored
schools. In the white school cours-
es were given in tipping and book
keeping to those who were over
sixteen years of age. Many pupils
who have stopped school before
graduating have enrolled in these
courses. Under the guidance and
leadership of Mr.. Wright, who has
always been the instructor in the
commercial department, these have
been successfully carried out. For
a long time an effort had been
made to have a course in handi-
crafts until finally it has been Of
fered this past year (1934-1935)
having been the first.
In the colored school, courses
were organized in home making.
At the close of these various cours-
IS appropriate courses were held.
Mary L. Ennis