davidaulloa/AmericanStories huggingface dataset:
The Nome daily nugget., 1935-03-30
CHANGES REGULAR
 ADVERTISING NUGGET

Changes of regular advertisements will be accepted up to 4 PM of the day preceding insertion. New ad- vertisements will be accepted for insertion in the paper up to 1:30 PM of the day of insertion-The Nome Daily Nugget,
The Nome daily nugget., 1935-03-30
Fire Alarm Boxes

LOCATION FIRE ALARM BOXES
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
ALLOY VOLUME
SHOWS UPTURN
Allegheny Steel Reports Is
Per Cent Gain in
Sales Value.
Times Special

L lHtCS SUCC1HB
PITTSBURGH, Nov. 26.-The AL
legheny Steel Co., worlds largest
tonnage producer of high-grade al
10y, stainless ana special electrical
steels, showed an increase of Is per
cent in volume and 18 per cent in
value of sales of alloy during the
first 10 months this year over the
preceding 1884 period, it was an
nounced today.
The alloy products furnished ap-
proximately one third of the COM
pany's total sales, according to w.
F. Detwiler, executive vice president.
This increase represents not only
improving general business, but
growing number of uses for these
alloys; we have more than quad
rupled our customers since 1880,
Mr.. DetWiler declared.
Prices of alloys range from 20
cents to 81 a pound, compared with
approximately 212 cents a pound for
ordinary tonnage steels. Because
of their special qualities, these al
Toys are so economical to use that
they have been widely adopted. par
ticularly in the food, automobile, oil,
chemical, railroad, electrical and
dairy industries, in architecture and
in hospitals" he added.
A new low priced line of fine Al
legheny metal knives, forks, spoons
and other dining tableware which is
expected to find a wide market, is
now going into national distribution,
Mr.. Detwiler announced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
EIGHT-WAY MERGER
INVOLVES rs ISSUES
Founders Companies Consolidate
Into American General Corn.


CHICAGO, Nov. 26.-The Ameri-
C General Corp, which represents
the consolidation of eight invest
ment companies comprising the
United Founders group, officially
came into existence this week with
the filing of the agreement of con-
solidation in Delaware, it was an
nounced today.
The last of the stockholders meet
ings to pass on the consolidation
was that of United Founders Corp.
which was held late last week at
Baltimore. This unique eight-way
consolidation involving 25 individual
security issues represents one OF
the most important single simpli-
flcation steps that has been UNDER
taken in recent years. it was stated.
Based on the consolidated balance
sheet Of United Founders Corp. and
subsidiaries as Of Aug. 81, 1885, the
new corporation should have total
assets on market basis in excess
Of S50,000000 David NJ. Milton.
president of fthe Equity Corp, has
been elected president of the new
firm.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
RESERVE REPORTS
BANK DEPOSITS UP
Funds Gain $751; 100000 in
Member Institutions.

By Unitcd Press
WASHINGTON, Nov. IS. - De-
posits of Federal reserve banks in
101 leading cities of the country in
creased $51 100000 to total S19.-
193,000,000, the Reserve Board re-
ported today.
Inter-bank deposits not included
in the above totals fell $44 100000 to
S5,430 100000, while foreign bank de-
posits increased $13,000,000 to
$3.50, 100000.
Total loans and investments were
unchanged at ,490,000000, all
items in this total showing negligi-
BILE changes. The banks increased
United States government security
holdings by $38,OOO,0OO but sold So
100000 in government guaranteed
obligations and S37,000,O00 in other
securities.
Loans on securities rose $4,000, 900
to $3,056, 100000. Loans on real es-
tate rose $1,000,000 to $1,141 900 900
and other loans fell 100000 to
$3.50 100000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
On Commission ROU

Quotations below subject to change are
average Wholesale prices being offered to
BUYERS by local commission dealers:
Fruit-Cranherries early blacks. 35-lb
box. 81 PearS-W Washington DAnjo. 1925
Cantsloupe. Califorris Honey. Dews. 50;
- hands pound, 5 &c. Persimmons-In-
Jonathans, $50. Summer Rambos, 81;
Delicious 81 .6od Its Wealthys, 81; Grimes
Golden. 81 .l5T IS. IemonS-Sunkist, S60s
$3.50. apefruit--TeXaS. Gas to 70S. So so
Florida SeedlesS So LimeS-MeXican a
carton i2S. zoe. Persian seedleSS hundred
Vegetables. Beans, green. round string
CSC. bsge-Northern Danish. 50-lb. bag.
7oc, Carrots Home grown. 40c, new. bulk,
half bu:, soc. Caulhower-Mich igan.
crate 81 so; Long Island, large crate, 81 so
Ce .ery--Micnlgan. washed and trimmed
eXtrs large. S5c jumbo, doz. soc. Gu
moerS-Southern bu,. $3.50 doZ., 65c.
hale- Home grown. bu,, soc. Lettuce-lce-
lesf, l5-lb. basket. 81. Endive-Ohio bas-
ket S5c Manages California crate s4,75;
small basket sl25 Mint-Bunch, l5c
Mustard-Home Grown, bu. soc. Onions
Indiana yellow 50-lb bag ST, Indiana
yellow lob. has. 22c: western Spanish.
50-lo. bag, 81 so. Parslev-Home grown.
Coz, S5c. Pess-Telephone, hampers. 81
Potatoes-Round Cobblers loo-lb bag,
s. S Michigan Round White, loo-lb. bag.
RF aL.s, $40 Sweet potatoes, Indiana
ton. do,. baskets. 45c Sage-Doz 4Sc.
Spinach-Rroad leaf bu.. 75c Squash
bu4 $50. TomatoeS-Cahfornia re-
packed, lob, carton, sl25
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
CANADIAN BANK
PRAISES j. s.
TRADE TREATY
New Pact Assures Mutual
Safeguards, Montreal
Report States.


MONTREAL, Nov. Pointing
to increased exports OF wheat and
nickel and TO the new opportuni-
ties 10 the primary industries of the
Dominion" that have been provided
by the new trade treaty with the
United States. the Bank of Mon
treal gives an optimistic picture Of
business and trade conditions in
Canada in its monthly business
summary.
The summary comments on the
fact that domestic industry in both
Canada and the United States is
afforded safeguards in the new
pact against intense competition
from any third country. In Canada
these safeguards will apply par
tlcularly in regard to various empire
trade pactS.
Despite quota restrictions which
have been placed upon certain dairy
and lumber products by the United
states the bank summary states
'hC q"o1dS dit SuIHClenJly
large to be of substantial benefit TO
the Canadian interests concerned.
AS in the United States. mild
weather has retarded sales of vim
ter goods, but retail trade has MAIN
tanned satisfactory level and there
are many signs of general improve
ment.
Exports of foreign and domestic
produce for October rose TO sS5 =
$4,000 from s68.3I3.O 900 for year
ago. Imports rose from SAT. 229 900
to S51,283.000. Wheat exports rose
IN value from s18.O95 900 to s25.-
473.OOO. and exports of nickel went
from 93,O75 cwts. to 1857 cwts.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
AUTO SALES INCREASE
So PER CENT IN 1885
Volume Totals 2,1SS,O63 Units in
First Nine Months.
1 tmes Special


NEW YORK, Nov. 26.-New pas
Senger automobile sales in the Unit
ed States in the first nine months
this year totaled 2.138.063 units. an
increase of 366 per cent over the
corresponding period in 1884 when
the total was 1.564.690. according to
the Alexander Hamilton Institute.
Of the three major companies.
Ford showed the greatest increase.
48.7 per cent. while Chrysler reported
rise of 38.5 per cent and General
Motors 28.6 per cent. Sales of the
Big Three" represented 91.8 per
cent of the total sales in the first
three-quarters of the year. A year
ago, the figure was 912 per cent.
Among the smaller companies sew
eral interesting developments oc-
CURED. Nash, principally through
the sales of the Lafayette, registered
an increase of sos per cent over a
year ago. Studebaker lost ground
while Packard Spurted sharply
ahead. Packard sales were 1868 per
cent greater than last years volume.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
TRANSIT REVENUES UP
Receipts for Week Ended Nov. z
Show Gain Over 1884 Period,


NEW YORK, Nov. 26.-Transit
revenues, as reported by a-1epre-
sentative group of companies, for
the week ended Nov. 2 agair con-
tinued to show improvement over
the same week year ago, accord
ing to the Journal Indicator. The
indicator for the week was placed
at 103 SO.
While the rate of increase was
somewhat lower than in the preced-
ing week, it had been exceeded only
a few times during the last year.
The showing in Eastern cities was
less favorable than in other sec
tons, although there were only a
few actual decreases from last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
Produce Markets

The prices quoted below are paid for
STOCK gathered in the country while de-
hvered in Indianapolis the price will be a
cent higher. HEAVY breed hens. lsc; Leg
norm breed hens, i2c: springers. over Az
lbs lie; under 4i7 lbs. l6c old cocks. &c:
Leshorn SpringerS Ia lbs and up. l2c.
Turkeys-Young hens lbs and UP. lac:
toms. II TO rs lbs. lse: over is lbs. isc
oo toms, i4c DucEs-White 4i7 lbs and
up. loc; geese. 10 lbs. full feathered and
iat &c; old guineas. lsc; vourg guineas.
i =. lbs and up. CSC No. strictly fresh
tnA case must weigh SIS lbs. gross a de-
dueiion Of l0c a pound under SIS lbs will
e mede No. butter. 3si2 a 37i7c: No 2
Weo,ey Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
PERFECT CIRCLE CORP.
WILL MAKE NEW RING
Product to Be Placed on Market in
January Says official.

'"itN - pfflHt
HAGERSTOWN, Ind, Nov. 90
A new type of piston ring, the re-
suit of several years of extensive
research and experimental work. will
De marketed in January, Lothian
Teetor. sales manager of the Per-
feet Circle Corp, has announced.
Details of the new ring will be
announced to the automotive trade
at the automotive part exhibition at
Atlantic City, N. j., Dec. 9. Mr..
Teetor said.
Production of 100000 of the new
rings for distribution and for ware
house purposes in the next few
months will mean a continuance of
present hourly schedules. Mr.. Teetor
said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
COPPER STOCKS DROP
Industry Again on Sound Basis,
According to Survey.
I imes SpCci0l


NEW YORK, Nov 26.-The cop
per industry, with deposits esti-
mated to have a content sufficient
for only approximately 40 years at
the 1929 rate of world consumption
of 100000 tons, is again believed
On sound basis and any further
recovery will bring a period of
prosperity, according to a survey
released today by Hornblower g.
Weeks.
Stocks Of refined copper in the
United States which stood at ap-
proXimately $4,000 tons in June.
1881. were reduced to approx
nlNely 226,700 tons by the end of
October, according to the survey.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
Trends
Financing as Cause
of Business Stir
Contested.
= BY JOHN T. FLYNN

NEW YORK, Nov. ga Wall
' Street commentator points to
the record of over 100000 900 in
new financing last month as the
chief motive power behind the
present stir in business. Another
directs attention to it as a sign or
evidence Of the rising tide.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
PORKERS SHOW
uneven TREND
Prices Steady to IS Cents
Higher; Cattle, VeaIS
Move Upward.

Although receipts continued to
flow in heavy supply at the local eX-
change today, the pork market WAS
steady to IS cents higher than yes
terday'S average. Today's supply
was estimated at 5000, same as IN
the preceding session.
The moderate increase, however,
was supported by strong demand
prevailing in practically all class IS.
This reduced the number of hold
overs to 106. Light receipts reported
at several of the surrounding live
stock markets also aided in conSum-
ing part of the heavy local sup
ply.
The general bulk of $50 to 800
pounds, was selling at $3.50 to S975,
while extremely heavy butcher
classes, weighing from 300 pounds
upward. brought 1896 to $3.50. In
the lightweight division, slaughter
pigs from 100 to $50 pounds sold at
1910 to $3.50. Packing SoWs sold
at So to 50.
Initial trading in the cattle mar
hcO NdS dCllNt dIlO OIlS VI SIlSilG-
ly higher, especially on best steers
and low grade COWS. Others we're
slow to around steady. Early steer
sales ranged from S12 to SIPS on
weights from 1850 to 1910 pounds.
respectively. Others sold mostly llr.-
der $40 Heifers we're undeveloped
with indications steady. Receipts
were 5000.
With strong demand prevailing.
the veal market again moved around
so cents higher. The bulk of good
and choice grades sold at $1,000 to
$11. Receipts numbered 300. The
lamb market remained steady. Bulk
Of better grade eve and wether
classes sold at $10.25 to S11. Fed
Westerns held at Sill Slaughter
sheep brought So to SIS. Receipts
were $500
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
VALUE OF so STOCKS
CLIMBS III PER CENT
Total for Week Ended Nov. % Is
Placed at S17,430,219.25O.
I lines Special

ITHFN = WTIINI
NEW YORK, Nov. 26.-The mar
ket value of so representative stocks
listed on the New York Stock Ex-
change at the close of business for
the week ended Nov. % amounted to
Sl7,430,2l9,250 an increase of $780,
76S250, or Ill per cent Paul H.
Davis a. Co. announced today.
The total value of the same stock
at the close of the previous week
totaled s17239,451.00O, compared
with S1l,972.675 in the same week of
the preceding year, indicating an in
crease of s5,457, 26S,375, or 45.5S per
cent for the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
AUTO PRODUCTION GAINS
Output in U. S. and Canada Totals
94,723 Units in Week.
Pr Trjtc6 Press

DETROIT, Nov 26-Total pro-
duction of passenger cars and
trucks in the United States and
Canada last week aggregated 94,723
units, compared with 93,177 during
the preceding week and $4,000 for
the same period in 1884. according
to an announcement made today by
Grams Reports, Inc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
DIR. DURRETT REAPPOINTED
BH | ritcd Press

WASHINGTON. Nov. 26. = DR..
j. J. Durrett, of New York City. has
been reappointed chief of the Drug
Division of the Food and Drug Adj
ministration, it was announced to-
day. Durrett held the post for a
number Of years before he resigned
in 1881.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
NET EARNINGS INCREASE
Tim es Special

IWfS NpeCi0T
NEW YORK, Nov. 26.-Net earn
lngs of Allen Industries, Inc, for
the first nine months of the current
year, after all charges including
provision for Federal income taxes,
amounted to s348.082. compared
with s220,615 for the full year of
1884, Sidney j. Allen, president, an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
STOCK VALUES DROP
IS Issues on Chicago Exchange OFF
IL Per Cent in Week.
Times Special

CHICAGO, Nov. 26.-The value of
25 representative stocks listed on the
Chicago Stock Exchange at the
close of business for the week end
ed Nov. % was 1914 ,999 500. a de-
crease of 1891 625. or II per cent,
compared with $815,931,1 25 IN +he
preceding week, according to Paul
H. Davis e. Co.
At the close OF the corresponding
week a year ago. the same stocks
had a market value of $501 1876 135,
indicating an increase of 1913 $685.
375, or 62,63 per cent for the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
CCC CONTRACTS LET

bH tNTFFU FTtSs
BOSTON, Nov 26-Contracts for
Civilian Conservation Corps Shoes
totaling about $1,000 900 today were
awarded at the Boston quartermas-
ter's depot.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
POLICY PAYMENTS MOUNT

PHILADELPHIA. Nov. 26.-Total
payments to policyholders and bene-
fciaries by the Penn Mutual Life
Insurance Co. since founded in 1847,
have passed the billion-dollar mark,
William A. Law, president, an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
LABOR GROUP
PREDICTS new
BOOM IN U. S,
Federation Optimistic, but
Warns Against Wave
of FaSCism.
By United Press

B1 NtffG Press
WASHINGTON, Nov. 26.-An oD-
timistic picture of business was cou-
pied by the American Federation of
Labor today with a warning that
the nation might be swept into Fas-
cism during the next depression un-
less industrialists prepare now to
insure workers jobs in the lean
years.
The Federation saw increasing
business confidence, which it pre-
dicted will result in another boom
Industrial production, retail trade
and building construction have adj
vanced, it was noted and farmers
incomes are higher.
In its monthly business survey
the labor organization reported that
workers lost ,200,000,000 in the
last five years, while all others, in
Guiding business men, suffered losses
of S40,500, 000 900 as a result of the
economic storm.
Securities Market Rises
"Depressions abroad have swept
nations into FaScism" it said. Ii
We want to avoid a similar fate in
this country, We must be ready be-
fore the next depression is upon
U.S."
Increased business, it explained, is
reflected in a rising securities mar
ket where values of stocks listed on
the New York Exchange increased
by S2,500000 900 in the last month
The survey said that ma jor short
ages had developed in houses, auto
mobiles, railroad and machinery
equipment during the depression
and estimated that the nation to-
cay could absorb 100000 automo-
biles and 100000 new homes.
FILA Reports Building Pickup
The Federal Housing Admins
tration, meanwhile, reported a
sharp pickup in employment in the
building trades since Jan. l on the
basis of survey in SO cities. Up
to mid November "a cities reported
all skilled building trades workers
were regularly employed 81 said
all special workers, including car
penters, painters, plumbers, roofers
and steamftters, we're employed
and 10 reported an actual shortage
of workers.
The labor federation warned, how
ever, that even an industrial boom
of considerable size would not pro-
vide jobs for all of the nation
100000 idle. Wages, it is said
are not keeping pace with produc-
ton. 1t warned of the dangers OF
another stock market collapse.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26

i h er Q Is a
school W h ich
insists that the
S t i m u luS to
business is eS-
sentially invest
ment on a large
scale, they as
sert, with the
in e V liable re-
suit.
But they are
mista ken. AC-
tual n e w in
vestment ! a s +
month wa 6 one
of the smallest
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
Local Securities

because quotations on local securities
are unlisted on an Exchange, The Times
can not assume responsibility for the ac-
curacy OF these figures gathered from local
brokerS)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26

III SulJt vi lllPSb IIuDIP SSlNP figures
Of new financing. They must then
tird some other explanation of the
business rise or revise their theory.
TT is true that S406 100000 of new
n financing in a month is large.
But actually only about 100000
at the most represented new IN
Vestment. The entire balance was
made up Of new securities to be Of
fered to pay old debts chiefly, or
for conversion purposes or TO buy
other and existing securities. Only
about $4,000 900 is destined for
new investment and there is no as
surance that even that much will
be actually invested
1t is indeed a singular thing how
new investment resists the rise. Re
Gently Mr.. Hoover said that all
that was needed in 1882 to start
recovery was to get credit 60
ing. All the available instruments
and materials were present, he
said Well from that moment TO
this credit has refused to move.
Bank credits hold back. Investors
refuse to put their funds into new
enterprises.
Production has increased in eX-
isting industries. Employment has
expanded at least some, though I'M
employment seems not to have de-
creased. Profits have improved.
All around there is a general feel
ing of improved business. The stock
market is rising. The ticker is
late. We are having three million
share days. But new investment
remains inactive.
XXIHAT could have given us this
w squirt then? IF new invest
ment Is the energy within business
which supplies the motive power
then that motive power must be
coming from somewhere outside
business.
Several forces collaborate. Gov
eminent spending is at higher
rate than last year It has been
s350,000.O00 more than last year
since July l. Emergency eXpendi-
lures continue at the rate of about
$500 100000 a month.
Besides, this. gold is flowing into
this country at great rate. In
the last 10 months we have re-
Ceived from around the world adj
ditions to our gold stock of more
than $1,340, 100000. Bank reserves
have risen to an enormous level
There is, in the air, a conviction
that imitation Of some sort is STIR
ring-probably credit imitation.
When will new investment make
its appearance? This is difficult
to say. But this is the most i'm
portant factor to watch now. If
and when that begins, you may
look for fireworks in the stock
market. Until then it is all in
the hands Of the government. If
the government keeps on spending
the rise will continue.
tCopyright, 1898. NEA Service, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
Individual Deposit Debts Show Gain

Debts to indriduol accounts reported to the Fed
erai Reserre Bank Of Chicago for the weeb ended
Nor. 20 By 162 banks aggregated sf,ff5,416000, an
increase OF 22.f per cent orer the preriouS lceek
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26

TBY united PTeSsJ
WASHINGTON. Nov 26.-Government
expenses and receipts for the current fiscal
year to Nov. % as compared with a year
ago.
This Year Last Year
Expenses SO, 053, 305 417.93 50. 100 61O 301 10
Receipts .. 1.434,419 $3.50 1923 1875, 1o4. IS
Deficit 49,. 16i3.886 164.34 1852 .475. 1877 At
Cash bal. 1.447.894 847.06 1888, $50, 091. "a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-26
Chicago Grain Futures
by James z. Bennett
LOCAL CASH MARKET

City grain elevators are paving 90 cents
for No. soft wheat. Other grades on
their merits Cash corn new No. yellow
81 cents and oats - cents.