davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Other livestock
nv United Pressl

(By United Press
oo6 9edGns 9ug 5000 digs si9T about
10: otp. sioo5: 26o.37O lbs, $4,000 $50;
Us most packing 80 sow so0S gh
lights. l4e-l60 lbs. good and choice 1925
ge.7o; lightweights. 10000 lbs, good and
lbs, gooo and choice. $3.50 1905 heavy
weihts 250-350 lbs. GOD and choice. 1886
an d. choice soioas15 ssTghtsr pgs soo oo
l40 BIS. good and choice, s8.50m950 Cat
tle-Receipts, 5000: calves 1000; uudertone
steer and long. yearling run with better
grades predominsting: few early sales
weak to CSC lower; prospects Csc or more
top weighty steers sl325: moderately ac-
tive trade on all grades lightweight heifers
and better grace fat cows: but cutter and
veaiers steady: steers. $4,000 lbs lbs good
and choice $9.75 4 u rs; 9Oo-IloO lbs. good
and choice. s10.25H13 So l300-l500 lbs.
good and choice. $40 1913 IS: 550-l300
lbs; common ant, and medium $50 o o. so Q:
ni1.50; common and medium. 450G 8 so;
cows. good. sra BIS; common and medium,
s4,75a7;. low cutter and cutter cows. SO IS
beef, $500 80. cutters, common and me-
dunn. $3.50 $50: vealers good and
eo@ 9 s5ds s9ocker5 55oi65o fa g sod
Qluu, 50 20 q %. SAeep-ReceiptS. 1000
scarcely enough on sale to test prices;
market active and strong to unevenly'
higher on the few here: no choice year
lngs offered. bulk. 81 .35n 7.75: two dou-
6Ies rather plain California springers 50;
tive springers. SO 5Od ss75 sheep steady:
native ewes. s2q3.50 mostly. slaughter
sheep and lambs: Spring lambs. good and
choice. SO .50T9.75: medium. s7.25Hs so:
ewes. 9o-l5O lbs, good and choice. 81. l0H
s.75: all weights. common and medium,
by Times Special
LOUISVILLE. June 5.-Cattle-Receip
225. slaughter cattle in light supply: killing
quality plain; demand. easy; steers and
heifers around steady: beef cows weak 70
Csc lower or mostly soc of for week on
medium and lower grades sausage bulls
steady with Tuesdays close; bulk common
common dairybred grsssers down 20
aronund So so: better finished quotabie 70
5000 and above. bulk beef cows s475G
8. good beef breds 70 $3.50 and higher
bulk sausage bulls s5a6: stockers and
feeders around steady; bulk better Here
ford Stocsers and stock calves S7H5-
most palmer grade light southerns. san
). CalTes-Receipts, 900: market. steady.
bulk good 10 choice vsaiers, $500 $50
medium and lower grades $3.50 down.
EoE-ReceiptS 200: market ioc lover. TOP
and bulk desirable is0-250 lbs. SO 50. 255
lbs up s9oS. I60-i75 los. s925 i40-is5
lbs So 50: i7o-i35 lbs. s7s5. soxs. ss0s
better grade spring lambs weak 20 lover
market not estsbiishedwith sellers holding
firmly for steady prices. bulk better near
BY trucked IN eve and wether srSingers
and most choice longhaul overnight and
rail lambs se.501 955. light medium grade
springers mostly k6HJ@T; clipped yearllngs,
$500 $50: bulk fsf ewes. s2G5-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Press

81 Hiff1 fffff
NEW YORK, June 5.-American
Telephone and Telegraph capital
stock scared 81 points to new
high for the year today to lead the
entire sock market list upward.
Trading was still quiet, although
above yesterdays pace. Utilities
provided most Of the Business and
most of the leaders in that division
made new tops, including Consoli-
dated Gas, which reached 254, up
is points. American Water Works
preferred spurted 2ia points to 1872.
a new high for the year
Allied Chemical and j. c. Penney
each gained more than 2 points.
Rails firmed fractions tc more than
a point. Silvers stea died after an
early decline. United States Steel
turned an early decline into a gain.
Standard Oil of New Jersey led the
oils higher, gaining nearly point
10 49,.
The one weak feature, Foundation
Co.. broke % points to a new low
at 39s
by Thomson g. McKinnonl
y
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Has Many Sides

The strike has many sides. The
little town of Onalaska, Wash, has
been without electricity since clos
ing there of the Carlisle Lumber Co.,
whose plant generated its electricity
And on the Columbia River, ship OPP
orators. anxious 10 avoid a recur-
renee of the longshoremen's strike.
have agreed not to ship lumber.
1t is generally believed that work
ers will get a wage increase, which
when finally arbitrated. probably
will average between so and so cents
an hour. Lumber manufacturers,
on the other hand. contend they are
barely meeting expenses. since they
are faced with competition of cheap
lumber from Canada and cheap
labor in the South.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Strike Generally Orderly

Except for some intimidation of
men who persisted in working. the
entire strike has been orderly. Pickets
with signs now patrol the mill
properties.
The last big Sawmill and logging
camp where a strike was called was
the Long Bell group at Longview,
Wash, adding 1900 more idle work
ers. And each day finds more mills
closed.
Since the l. w. w. trouble, the in
dustry has been organized to a GER
tain extent by an employer-em-
pIoyeS' union known as the al
the Loyal Legion of Loggers and
Lumbermen.
A move made at the Al semi-an-
nual meeting here May % is ex-
pected to strengthen its cause and
aid in warding off the A. F. of L.
invasion. Effective June /, it granted
wage increases from 5 to 10 cents an
hour. Minimum has been As cents.
w. C. Ruegnitz, Al president,
predicts, as result Of the increase,
that operation will start in about
100 mills between June and 10.
The wage increases will mean about
S250,O0O added to the fir induStry's
monthly pay roll.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
FEDERAL FARM LOAN BONDS
COAST STORES BATTLE
CUT RATE MERCHANTS
Retailers Seek to Arrest Move Fol-
lowing Collapse of NRA.

by tHleS : ptCfdt
LOS ANGELES. June Sin an
endeavor to arrest cut-rate selling
following the collapse of the NRA.
retail merchants today we're organ
izing mass buying threat. The
campaign will attempt TO buy up all
below cost goods offered for sale.
Some merchants advertising cut
rate prices found themselves deluged
with customers who bought their
cut-rate merchandise in wholesale
lots, but failed to equalize it by buy
ing regularly priced goods.
The Retail Grocers' Association
declared the campaign would result
in losses of more than 100000 a
month to cut-rate sellers in this city
alone.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
WALL STREET
DISPLEASED BY
US. BOND SALE
Not inclined to Call Com
petitive Bid Financing
a Success.
BY CHARLES II. HUFF
Times Special Writer

NEW YORK, June 5.-Govern-
ment bond circles in New York are
inclined to cross their fingers while
accepting reports from Washing
ton that the Treasury considers its
Sl00000,0C0 financing last week a
success. The extent to which the
result is to be regarded as a sue
cess, it is observed, depends upon
the point of view.
A long series of similar successes"
would eliminate in considerable of a
disaster for the government bond
market as whole, according to the
less emotional measuring up of the
achievement.
What the Treasury did in call
ing for competitive bids on $780,
100000 of additional . per cent
bonds to mature in 1948, with the
option of call in 1916, was, in effect,
according to bond traders, the
dumping of S100,0OO,O0O of bonds on
the market. That would be bad
break for any security iSsue-a cata-
clysm for many. Even a gilt-edge
government bond could not with
stand it without being somewhat
shaken up.
Cost Holders SS.OOO,OOO
The blow cost holders of bonds of
the same issue already outstanding
something in excess of 100000 in
market value. Several times that
amount was Topped off of the mar
ket value of other government is
sues during the process.
Automatically, the Treasury Of
f1cials are able to demonstrate that
it was profitable piece of financ-
ing, If it is taken entirely by itself,
to sell bonds on a competitive basis.
The government received SOL $685.
600, for which it will be required to
redeem or refund only 1913. 799 900.
The Treasury might easily disregard
what that premium cost the hold
erS of government bonds If it were
not confronted with heavy financ-
ing problems in the immediate fu-
ture.
Considering the financing from
the standpoint Of current interest
charges, however, it is significant
that the issued $98, 799 900 Of IS will
cost $2,963,370 annually, while $1O1,-
865,000 of 27ss would have cost
somewhat less. or $2,928,619 a year.
IF issued as 234s at par, which the
yield on the awarded bonds would
more than justify, the annual in
terest on the total sum received
would have been cut to $2.8O1 ,286,
or $4,000 q year less than the in
tereSt cost of the IS issued.
Must Consider Premium
There is, Of course. a premium to
spread over the period, amounting
to about $237 900 a year, which OBJ
viously is greater than the excess
of $162.000 in coupon interest. The
point is raised, however. whether
the Treasury facing tremendous fl
nancing requirements. did a healthy
thing for the investment market
when 1t Shrank government bond
values many millions in order to re-
alize a net gain for itself of about
$4,000 year.
The general belief in investment
circles is that the Treasury will dis
card the competitive bidding plan.
which will be the best test of how
results are actually regarded in
Washington. 1t is considered pos
sible that a Treasury announcement
may be made over the weekend to
provide for June Is requirements.
Offerings at flat prices are expected.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
CITIZENS GAS
ISSUES CLIMB
ON CITY MOVE
Common Now Quoted at
Full Par Value of S25;
Preferred at SOS.
BY VINCENT LYONS
Times Financial Editor

For the first time in several years
the common stock of the Citizens
Gas Co. is now quoted at the fun
par value Of S25 a share in the local
over-the-counter market. At the
some time the preferred shares Of
the company are commanding a
price of sos. or discount of So
from par
1t is purely a sellers market.
however. as no common or preferred
stock is available to potential buy
ers. While the current bid is sos
for the senior shares. the fun par
value is available to any owner who
is sufficiently pressed 20 need funds
at the present time.
The advance in the stocks of the
company, as well as the climb to
par of the per cent bonds which
are due in 1912. it is a reflection
OF the step taken last week by the
Utility District in selling the $1,000
600 issue of revenue bonds to a syn-
dlcate composed of Otis & Co. and
HalSey, Stuart e. Co.. of Cleveland
and Chicago, respectively.
Appreciation of the various Sc
curities of the Citizens Gas Co. is
natural development because of
the potentially higher value at
tached to these obligations as a re-
suit of the city'S maneuver. own
erS of the outstanding securities ar,
content in the knowledge that il
VIII be matter of 30 or so DAYS be-
lore they are able to realize on the
higher worth placed on their hold
ings
In view OF this = is easy to mn
derStand why there should he a
famine of sellers in the market at
present. The amount of money
which will accrue to each class ~
security holder is definitely estab-
nshed and undoubtedly can not be
clrcumyented. Consequently. hold
ers are distinctly reluctant TO Let
go OF their securities at this time
when 1t is only matter of a few
weeks before they are in a position
10 receive the fixed maximum.
upon the transfer of the Citizens
Gas Co. to the city the owners of
the 10000 shares of common stock
will receive $31.25 for each share of
stock held OF this amount s25
represents the fun par value of the
shares and the balance of 1925 con-
stitutes accumulated dividends
which the private gas company has
failed to pay.
Holders of the 10000 shares of 5
per cent preferred stock will be paid
the full par value of 500 a share.
plus half years dividend Of $3.50
on each share. In addition 10 this
owners of the preferred stock are
entitled to receive premium ON
50 a share whenever the stock is
called for retirement.
Owners of the S2.800.000 first and
refunding per cent bonds are to
receive the full par together with
any interest which may have &C
crued.
Owners Of the common and pre-
terred shares are keeping their fin
gers crossed until these calculated
figures are actually paid them. Some
of the holders of the common stock
will profit handsomely as a result
OF the transaction, having bought
considerably under the par values.
Others less fortunate made commit
ments when the value was more
than twice the s25 stated value.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Produce Markets

Delivered IN Indianapolis prices Heavy
6roiiers. 2 lbs. and up. i9c; Lsghorn Droii-
Leghorn broilers ? lbs and up full teatn-
cred. l6c: bareback broilers. l3c: cocks and
stags &C. ID, Dqcks full featured tn ta and fsi
country run eggs. loss Of 19c. Each full
Of loc pound unSdeT s. lbs. will Be msadae
Quoted cy the wadlev Co
CHICAGO. June Eggs-Market. firm:
receipts. 1909 cases extra hrsts % &C.
fresh graded frsts. 23c: current receipts
Market. steady; receipts. 10 439 tubs: sx-
ira irsts so-slla scorel. 23l 2Si4c. extras
ls2 scorel. 24c; hrsts l88-asi score. y
specials 24ia n use; standards, 24c Poul-
try-Market steady: receipts 80 TRUCKS. 1
car due; hens. lsd2oc: broilers 19d gle.
ducks, l4IlsIac; geese I2c turkeys. "A
Ml7c: Leghorn hens, l7e; spring chickens.
1890. Potatoes-OId stock: supply light:
demand and trading light. market. slight
ly stronger: Wisconsin Round Whites. s5c,
Idaho Russet si.4091-55. New stock:
supply light; demand and trading light:
market stronger: Alabama Bliss Iriumpns.
81. IS 30. Mississippi Bliss Triumphs.
s. 70; North Carolina Cobblers. sl.75. ..
s No. ?. slGlo5. Arrivals 81. on track
235 shipments 5o5.
CLEVELAND, June -Butter-Market.
extra whites 23iaG 24izc: extra frsts
22ize; current receipts, &c. Poultry
fowls. 2oa 2lc ducks young. ice 2oc:
ducks old lie. Potatoes-Ohio, $50 s0c
a i0o-Io. bag South Carolina No. / SO a
Dbl: Alabama Bliss Triumphs, sl75 a
l0o-lb- bag
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
FRUIIs $50 yEGETABLEs


CHICAGO June 5-Ap1leS- Mlchirsn
Spies bushel boxes. ti7sdisS- ulinoiS
Willow TVies. Si2S1i Sc Csrrots-W est
Missouri bushels 75casi sweet pots-
Tennessee bushels. 9ocmsi Lettuce
Western crates. 9 cor s1G4 Leaf lettuce
-Louisisna bushels. 81 5oHI7S Cabhare-
TennesSee pony crates e0casi Pea
California hushei hampers. si15Gf6S To-
sippi si1sGis0 Spinach-unnois bush
els. 7on2sc aguS-ullnois square
crates. dox.. 60si 7Sc. Rhubarb-Illinois
10 Sacks Texas yellowx 81. California
xlitea s7Is111s.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
u. S. HOLDERS SANGUINE
Delaulted German Firms Forced 10
Pay Principal, Interest
By J limos Spsciql

BY imes SpsciGl
NEW YORK, June 5.-Amsrican
holders Of various types Of defaulted
German securities can nov enforce
payment in full of the principal and
interest, according 10 Jacob Chat
kin. who represents holders Of the
various securities, and other Ger
man dollar bonds.
Since the decision in the Perry
case" according TO Mr. Chaitkin.
holders Of North German Lloyd s.
have collected thousands Of dollars
Of interest in full on these obliga-
tons" Numerous suits have been
brought against German corpora
tons during the last two months
attaching property. it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
SHEEP AND LAMBS
Receipts. 5000
fShorn BaSis)
TO BUY HOME MORTGAGES

OKLAHOMA CITY. June s.
Governor z. w Marland announced
today that Federal Housing Admin
istration mortgages in the amount
of 100000 will be purchased by the
State Industrial Commission for the
State Compensation Insurance
Fund.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Wall St.
Business Should Aid
in Formulating
Legislation.
by RALPH HENDERSHOT-
Tines special Writer

NEW YORK. June 5.-Csn eco
4 = nomic protection for the
masses b. provided under our Con-
stitution? II 50 how? II not no"
can the Constitution be altered to
make this possible2 These are Ques-
;ions to which our business leaders
should give their earnest consider
alton. II they fail 10 do 50 the VIC
so the have won over the NRA
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05

through the good
Omces Of b o
United states
Supreme Court
NAV some day
prove 20 have
been an emp y
one
Bic bus in o IS
eaders seemingly
nave adopted a
highly commend
able attitude to-
ward the public
Al large since the
OF
tho Mr. MANY
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Battle OUer Title Too
of Banking Bill Clouds
Deposit Surety Feature
Federal insurance Is About to Pass From Its Temporary
to Permanent Form; Bank Attitude Toward
Scheme Shifts
BY EDWARD L. CROWDER JR.
Professor of Economics, New York University
Rn Times Sncc,nI

Title II Of the
background the provisions
provisions concerning Federal
would
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
O'BRIEN RENAMED HEAD
Chicago Stock Exchange President
Is Renamed by Members.

o. mos Nntcfrt
CHICAGO. June 5.-Niichael J.
OBrien. president of the Chicago
Stock Exchange. was reelected to
that position in a perfunctOry cleo
ton this week. The nominating
committees slate of 10 members of
the governing committee. including
seven holdovers, was ratified.
Only 9S OF the $50 members
voted Last year the total vote cast
vas l06
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

WASHINGTON. June s. Government
expenses and receipts for the current fiscal
year 10 June :. compared with the cor
responding period OF the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Huge Pay Roll Involved

W. B. Nettleton, Seattle, president
Of the West Coast Lumbermen's
Association, estimates the strike is
costing the two states a weekly pay
roll of 81 900 900, or an average of
slightly more than s35 a week for
each employe.
Lumber supplies have become low,
some building has stopped and the
price Of lumber has increased from
81 TO 81 a thousand feet. Every
small-town depending on its sawmill
is feeling the strike acutely.
In the past members of the Saw
mill and Timber Workers Union,
A. F. Of L. affiliate. in the Pacific
Northwest have been fewer than
overcoats in a nudist colony
Some weeks ago there arrived in
Seattle. Wash. from the East Abe
w Muir, vice president of the
Brotherhood Of Carpenters and
Joiners. As a special emiSsary of
William Green, president of the A.
F. Of L.. he was to unionize the
local lumber industry.
Right now he seems to be doing a
perfect job. Early demands of the
uniOniSts were high. They asked IS
cents an hour for common labor. 80
hours a week, one weeks vacation
with pay and a closed shop.
Cancellations carried on by Muir
however-and a few mills have re-
opened-have placed the wage
around 60 cents an hour. Before the
strike. most mills we're paying as
cents an hour, which is 2is cents
above MIRA code wages set for the
fir industry in this section.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Chicago Grain Futures
LOCAL CASH MARKET

LULNt LAsH HAkkEI
City grain elevators are paving 70 cents
Tor No soft red wheat Other graoes on
their merits. Cash corn No 2 yellow
70 cents and OATS q cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05

OF them have stated publicly that
they will abide BY the provisions OF
the codes voluntarily. that they
have no intention Of reducing
wages OF their employees or OF en-
gaging in price cutting. But the
man in the street probably VIII not
consider satisfactory a system
under which he must depend on
the willingness Of big business TO
do the right thing. He undoubtedly
will want a system that requires II.
II Is true, Of course, that few
people other than the professional
agitatOrs are likely TO complain so
long as conditions are such that the
main body of the general public
can secure a decent living. Conse-
ouentlv. there may be no vide
spread demand for new social legiS-
ladon during the next few years If
business continues to improve and
relief is provided for those in dis
tress. But that does not mean that
the issue is a dead one.
OUR business leaders should
~ have a better knowledge of
economies than any one else. They
should know best what legal steps
can be taken to provide a maxi
mum OF protection to the public
with a minimum Of handicap to
business. They should. therefore,
take the initiative in offering sug-
gestions to the government rather
than persist in sitting back and
taking pot shots at the efforts OF
others.
It. will be argued by some. OF
course. that suggestions have been
made but that these suggestions
have not been needed. Others will
contend that representatives of big
business are not in the good graces
OF the public and of the govern
ment. and that, consequently, any
tons which might be
made would not be well received
But such arguments carry rela-
lively little weight Rightly or
wrongly. the general public has
been given the impression that the
leaders Of business and finance de-
sire nothing more than to get back
to the sO-called old order OF things.
IF this Is not true. and if these
leaders actually are interested IN
constructive reform, as some of
them contend. they have proven
themselves mighty poor statesmen.
A ND II. as most people suspect,
~ these leaders are for a return
10 the old order. and If they are
counting on their pot shots and
undercOver activities TO bring this
about. indications are that they are
IN for a disappointment. The best
hat the duly appointed representa-
tives of the people can do without
the proper sort of cooperation
from those best qualified to help
Hrav not be good enough. but this
constitutes no assurance that they
will not keep on trying.
The trial and error method usu-
ally aCcomplishes its purpose in the
end. The going usually Is rough.
however. But if it proves too rough
a new vehicle may be selected. Ma
tiOnS have been known to change
tf,@fr- F0r-,e. 81 rrr,s-o,-r, or,ffr-,lrr
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
Drilling Activity Gains

The drilling actirity around the city is not search
for gas intended to complement the ctys entrance into
the public utility field Instead the lcork being done in
connection cith dir-conditioninq
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05
STRIKE UPSETS
LUMBER TRADE
IN NORTHWEST
WaIkout Spreads TO 300
SaWmiIIS and Factories.
ParaIyzing Industry.
BY RICHARD II. SYRING
MA Service Special Correspondent

PORTLAND, Ore, June 5.-The
FIR lumber industry in Oregon and
Washington : paralyzed by strike.
Since early May these two states
have seen the collapse of their
major industry, the most serious tie
mp suffered since 1917 and 1918
Those werc he World War days
when the "Wobblies Il. w. W.
claimed such a ma ority in the in
dustry that they demanded that
their fellow workers carry red cards
denoting membership.
SO. today more than 300 large
sawmills. box and crate plants. We
neer plants. Shingle-weaving plants,
furniture factories. and pulp and
paper mills are closed by the strike.
and approximately $4,000 workers
are idle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-05

Nor Am Az. g 9 g, 9
5perry Corp lOIs 10 lola 1919
I'd Aircraft new l2ss 12ia 1872 1873