davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
On Commission ROlD

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers:
Fruit-CranberrieS early blacks. 25-lb
box, $3.50; homes, 25-lb, box, IS. Pears
s.y.n bnSSas D ponbd s}25
thSns- si.75: Summer Rambossp' 81: o De-
licious, sl75; Wealthys. 81; Grimes Golden
81 IS. Lemons-Sunkist. $500. 81 So Grape
fruits-Texas. Gas to zoe. 1925: Arizona
sunEist. s2.7S. Limes;T7Mexicar. a carton
PteSars%D' Anio, zoos box. ss25: Cal ito ia
Avocado 20s-24s. S375. Grapes-Emperor
lug, 50: fancy Emperor. s4-lb. sawdust
ives Vvsetgetables..Beans, green. round string
ss a iss Sssss Y6fE ba IdRs G sS
bag ssc. cslii;oTSnia, 8 doz, crate
crate, s2.35: Celery-Michigan, washed
and trimmed. extra large. 55c: jumbo
doz, s5c. Cucumbers-Southsrr. bu SS75
doz, Soc: Kale-Home-grow bu.. soc
home grown leaf, l5-ib,. basket, $50, En-:
California, crate: SIS: small basket sl.25.
Mustsrd-Home grown. .bu. soc. Onions
indiana yellow. 5o-lb. has, Sl.l5: Ind.-
SPANISH: S:,i s P s 81 81 Rs5sleySsoStht
$3.50. Potatoes--Round cohblers, l0o-ib
bag 81 60 Michigan Round White l00-lb
bag, $3.50; Early Ohios. bu., SITS; Idaho
Russets, sass. Sweet .potatoes-Indiana
Jerseys: bub :lsS I RssdstSSheTohio. but
Blu. $3.50. Tomatoes-Florida. lob.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
SERVEL EARNS $1.16
ON COMMON STOCK
Company Reports Net Profits of
S2,111,516 for Year.

Times Special
EVANSVILLE, Ind, Dec. 90
Servel, Inc, manufacturers of re-
frigeration products, earned ap-
proximately $1.16 share on COM
mon stock during the fiscal year
ended Oct. 81, compared with earn
ings of only 26 cents share in the
previous year, the company an
nounced today.
The firm reported a net profit of
S2,111,516 for the current year, after
allowing for depreciation, interest,
Federal income taxes and other de-
auctions, including a 7 per cent
dividend on preferred stock. Net
profit in 1884 amounted to 1921 ,518.
The earnings are figured on the
basis for 1871 ,426 shares of COM
mon stock this year, compared with
1,766,426 shares in the preceding
year. The company reported net
profit for the fourth quarter ended
Oct. 81 of $317,144 equivalent after
deduction of preferred dividend re-
quirements to II cents a share on
the common stock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
PRESIDENT MAY
EXTEND MONEY
POLICY POWERS
Authority to Change Gold
Content of Dollar Is
Seen Prolonged.
BY RICHARD L. GRIDLEY
United Press STAFF Correspondent

WASHINGTON, Dec. 2O.-The
Administrations emergency power
to cope with the unsettled world
monetary situation through author
ity to vary the gold content of the
American dollar probably will be
extended for another year from next
Jan. 80, it was learned today.
This was believed essential so
that the United States can check
mate fluctuations in foreign curren-
cieS by corresponding changes in
the American policy when foreign
influences tend adversely to affect
the United States.
Years Extension Permitted
Congress gave President Roose-
welt authority on Jan. 80. 1894. to
fix the gold content, and thus the
foreign value of the dollar at so to
go per cent of its former content.
In other words, the President could
fix the value of the dollar anywhere
between 1919 and 15.48 grains of
gold nine-tenths fine, compared with
the old value of 25.8 grains. On
Feb. l, 1884, the content was re-
duced to 1923 grains, or 59.06 per
cent of its former figure.
But Congress limited President
RooSevelt's power to fix the gold
content for two years, or to Jan. 30
1886. He further was empowered
to extend this power for another
year.
Silver Policy Criticised
Similarly, Congress on Jan. 30.
1884, set up $4,000 100000 exchange
Sterilization fund out of gold de-
valuation profits as another weapon
Tor the President in coping with the
world monetary situation. This fund
also expires Jan. 80, next, unless
extended for year by the Presi-
dent. 1t was expected the fund
would be extended along with power
to fix the gold content for another
year.
BY these steps the Administra-
ton would retain for another year
most of its monetary powers which
Henry Morgenthau Jr., Secretary of
the Treasury, credits as an impor-
tant factor in the present Ameri-
can economic recovery.
A source of worry for the Adj
ministration in its monetary policy,
however, is the silver program which
Congress imposed after the gold au-
thority had been granted, and which
has met with widespread criticism.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
u. S. EXPENDITURES IN
NOVEMBER DECREASE
Total For Month Is 33 Per Cent
Lower Than October.
Times Special

Times Special
NEW YORK, Dec. 2o.-Wlth total
expenditures for November 80 per
cent smaller than in October, and
1914 per cent smaller than in No
vember, 1884, the Federal govern
ment fell down on its spending pro-
gram during the last month, accord
ing to the Alexander Hamilton In
Stitute.
Despite the decrease, expenditures,
however, were more than twice as
large as ordinary receipts. Although
the deficit was less than in October
or November last year, it amounted
to 1929 100000.
The debt showed an increase of
only $172,000000 since part of the
deficit was met by receipts from
extraordinary sources and by the
withdrawal CT funds from the Treas
ury. The latter procedure, however,
reduced cash in the Treasury to an
amount which the government did
not feel warranted further deple-
ton. Expenditures in the first five
months this year increased 9.3 per
cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
LOUIS G0LAN TO HEAD
SCHENLEY COMMITTEE
Division Chief Named to Executive
Position at Meeting.


CHICAGO, Dec. 20. - Louis E..
Golan of Chicago has been appoint
ed chairman of the executive, sales,
advertising and merchandising
committee of the Schenley Products
Co., Inc. The appointment was
made at the annual meeting of the
committee in New York this week.
Mr.. Golan joined the Schenley
organization in September, 1884, as
Midwest division manager, a posi-
ton which he will retain along with
his new duties. Before entering the
liquor business, Mr.. Golan was con-
nected with a large insurance COM
pany in Chicago.
The committee which he now
heads passes on all matters per-
tanning to appointments, sales poll
cies, advertising programs and ap-
preparations, and the merchandise
ing of the numerous items produced
by the Schenley Co. Mr.. Golan,
still in his thirties, will become one
of the youngest executives in the
United States to hold such an i'm
portant position with major dis
tillery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
ROADS NOW CONTROL
UNION RAILWAY CO,
Big Four, Pennsylvania Operate Belt
and Union Station.

Reorganization of the Indianapolis
Union Railway Co., operator of the
Belt Railroad and Union Station. is
completed, it was announced today
Operation of the company was
taken over Nov. l by the Pennsyl-
vania and Big Four Railroads, the
Big Four taking control of me-
chanical department, real estate
and assuming tax responsibilities
The Pennsylvania assumed control
Of the nlaintenance-of-way depart
ment.
The position of trainmaster was
abolished and J. j. Liddy was made
superintendent of Union Station. The
former superintendent, B. c. Byers,
was retired.
Belt tracks also are used by the
Monon, Baltimore e. Ohio, Illinois
Central and Nickel Plate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
Produce Markets

The prices quoted are paid for stock
gathered in the. country. while delivered
hens. lac; springers over al lbs. i7c:
under Ala lbs, l6c: springers. Ia lbs and
up, i2c; old cocks. &c. TURKEYS
toms, IA to is lbs. ale under II lbs. and
over IS lbs. isc; old hens. isc; old toms.
l5c. Ducks-White. lbs. and over. l3c:
under 8 lbs, lie: geese. full teathered and
fat, Q 20 il lbs. i2c; over il lbs i iSte
old guineas, i5c; young guineas, IA lbs,
and up, 2sc; No. ! strictly fresh eggs, loss
of. 2fc: pullet eggs. isc. Each full case
ioc q pound under IS lbs. will be made
No. / butter. 3e9s7c; No. 2, 3s9 sac; but
kteTfat. sac. Quoted by the Wodley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
BuSigruphS

Retail food prices are continuing
their upward climb. The average
housewife today must spend s1.14
for food which would have cost just
81 a year ago, and only IS cents
three years ago. AS one would ex-
pect, a large part of this increase
is in the higher price of meats.
What a difference this makes in the
family budget!
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
BUSINESS FAILURES
EXCEED 1884 FIGURE
Dun & Bradstreet Report Total of
242 for Week Ended Dec, IL.
Times Specid

Times Special
NEW YORK, Dec. 2O.-Business
failures in the United States during
the week ended Dec. II amounted
to 242, compared with 211 in the
preceding week, and 231 a year ago,
Dun & Bradstreet, Inc. announced
today.
The increase was noted mostly in
the East and West, while the South
showed a decrease of three failures
for the week. The Pacific Coast
states reported eight less. Insolven-
cies with liabilities Of $4,000 and
over in each instance numbered 1876
for the last week, against Ill in the
previous week.
Failures in the Dominion of Can
ada during the week amounted to
26, compared with 80 last week, and
"a for the corresponding week a
year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
NET PROFIT INCREASES
Zenith Earnings Equivalent to 81
Cents in November.

CHICAGO, Dec. 20.-Net operat-
ing income of the Zenith Radio
Corp. during November amounted
to S172,S18. equivalent to "a cents
share, E. F. Mcdonald Jr., presi-
dent, announced today. This brought
the net profit for the fiscal year to
S720066, equivalent to $144 a share
on 500 900 shares of capital stock.
For the first seven months in the
preceding year the company re-
ported a net loss amounting to
$4,000. December shipments are
running approximately 200 per cent
ahead of those in the preceding
month a year ago, it is reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
ORE CONSUMPTION UP

CLEVELAND, Dec. 2o.-Lake Erie
furnaces consumed 3.020.315 tons of
Lake Superior ores during Novem-
Der, an increase of 81 per cent over
the 2,910,863 tons consumed in Oc-
tober. 1t was also an increase of
1925 per cent over the total con-
sumed in November, 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20

to which loans have been made by
the government. This gives the
net emergency expenditures. But
If we leave out these offsets, we
get the actual sums paid out by
the government. And these are
about $300,0O000o less this year
than last.
TN this month there Is a great
n falling off thus far. But that
may mean much or little. Before
the month is over the expenditures
may rise. Money does not flow out
in an even stream.
There has been a heavy decline
in the amount spent for outright
relief. 1t was S777,475,0O0 last year
compared with $446,141 900 this
year. This of course is accounted
for by the transfer of large num-
berS Of relief cases to the Works
Progress Administration.
However, the works progress out
lays do not make up the differ
ence. They have been only $780,
100000 so far. This figure leaves
much to be explained with respect
to the claim of the Administra-
ton that so many have actually
been transferred to WPA. The eX-
penditure Of money does not show
it.
u Il
A RE we to conclude that in the
L N remaining half of the year
the effort to reduce expenditures
will characterize the Administra-
tons policy? AS the months go
by it seems clear now that econ
my will be the chief issue in the
next campaign.
Mr.. Hoover, who seems to be do
ing the keynoting for his party
thus far, is putting the greatest
emphasis on that issue. This
would be a good reason for eX-
traordinary exartions by the Ad-
miniStration to slowly shrink emer-
gency OUTLAWS. The deficit for the
first half of the year will be
$1,900,00,000-and perhaps a lit
tie more.
At that rate the deficit for the
year will be $4,000, 100000 A saw
ing of a few hundred million will
make very little impression on the
total figure when the year is done.
THEN there is the question of
Il the effect Of an attempted
saving on business. If it be true
that government spending is pro-
ducing the present upturn, then
the government will have to keep
1t up until business takes the ball
and makes it play, which it is not
doing.
The Administration must now
choose between the relative values
In the campaign of recovery and
economy. Undoubtedly, if further
recovery can be advanced only by
further expenditures, the choice
will be for expenditures, because
the Administration has now one
issue, and one only: that under
MI. Roosevelt the country is COM
ing out of the depression. It dare
not jeopardize thai for the sake
OF minimizing the Republicans
economy cry by saving a few odd
millions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
Trends
Economy VS.. Recov-
cry Chief Campaign
Question.
BY JOHN I. FLYNN

NEW YORK, Dec. 20.-As the
Il y first half of the governments
fiscal year draws to an end it be-
gins to look as if the Administra-
ton, in anticipation Of the coming
campaign, is attempting to shrink
relief and recovery expenditures.
On the face of the Treasury
statement the emergency expendi-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
SALES OF CHAIN, MAIL
FIRMS RISE SHARPLY
Twenty-S Six Companies Show Gain
of 1873 Per Cent in November.
Times Special

Tunes Special
CHICAGO, Dec. 20-Total dollar
sales of rs chain store ard mail
order companies during November
amounted TO $226,154,l55, compared
with only $198,569, 1872 in the same
month last year, an increase of 1879
per cent, it was announced today.
The percentage of improvement
during the month was the best for
any month this year, with the ex-
ception of April, when the gain
over the corresponding month a
year ago was 17.3 per cent. All
groups showed increases over No
vember, 1884, and only two of the
rs companies reported decreased
sales.
For the first II months TO Nov.
30 this year the IS companies re-
ported dollar sales amounting to
81 1877, 593,890, an increase of 107 per
cent over the 1884 figures. The two
large mail order houses contributed
a gain of 21.4 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
OPPOSITION IS VOICED
S. Parker Gilbert Is Opposed 10
Raising Reserve Rules.

lmeS NpeCidT
NEW YORK, Dec. 20.-S. Parker
Gilbert, former Undersecretary of
the Treasury, has voiced opposition
to raising reserve requirements of
Federal Reserve member banks. it
was learned today.
THE possibility Of such a course
might be construed as a reversal Of
the cheap money policy which has
been pursued since the days of the
bank holiday" Mr.. Gilbert stated.
He declared maintenance of this
policy essential to recovery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20

lures tor this
year so far are
about S165, 000,-
900 more than
they were in
the same time
last year.
But as a mat
ter Of fact, &C
t u a l expendi-
lures are still
less. They are
perhaps $780,
100000 less. In
each year the
Treasury offsets
a gainst eXpen-
d itures t h
sums repaid by
various bodies
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20

U. S. TO BUY PLANES

WASHINGTON, Dec. 20. - Air
plane purchase contracts to the eX-
tent of $20,000,000 will be awarded
by the War Department shortly after
the first of the year, it was an
nounced today. The huge sum is
expected to buy approximately 500
new planes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
RUBBER TRADE
FUTURE BRIGHT.
SAYS F|RESTONE
IndustriaIist, 81 Today,
Sees Farm Machinery
ReVoIutionized.
BY EDWARD J. LALLY JR,
United Press staff Corresnoudent


AKRON, O., Dec. 20.-Harvey S.
Firestone, celebrating his sixty
seventh birthday, looked into the
future today and saw a golden era
that will bring rubber tires to mil
lions of farm machines all over the
world.
The slight, gray industriaIist, con-
fidant of Ford and Edison, went to
his office as usual, but took time out
to tell the world that when the
final chapter of rubber history is
written, the period between 1900 and
1885 might we'll be regarded as the
period of infancy.
For the future holds unlimited
possibilities, he said, and the
particular field is farm machinery.
Started Career 40 Years Ago
1.-THE rubber industry has Just
started to grow" Firetsone declared.
Ahead is an almost untouched
market. 1t is the furnishing of
tires for "a million farm vehicles.
THE start has been made. Many
tractors already are equipped with
rubber tires. The future will see
more of them. Shod with rubber,
tractors can be built of lighter ma
terial and at lower cost"
Forty years ago, Mr.. Firestone
drove one of the first carriages
mounted on rubber tires. He was
impressed. With three other men,
he organized the Victor Rubber Co.
Of Chicago. The venture was a
success. He moved to Akron in
1900, began business with II en-
ployes and built a great empire.
Against Rubber Restriction
Today, as chairman of the board
Of the Firestone Tire and Rubber
Co., he has nearly $4,000 men work
ing for him in his American plants
and on his rubber plantations in
Liberia. His company has been and
is eminently successful.
Mr.. FireStone's program today
varied little from the routine. He
addressed branch managers meeting
here in their annual sales confer
ence. Tonight he will be host to
them at an informal birthday party.
His pet aversions, at the moment,
are rubber restriction and cotton
restriction, which he terms fun
damentally unsound."
"Our prosperity" he said, "lies in
the production of plenty
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
NEW DIRECTOR NAMED

NEW YORK, Dec. 20.-William N.
Brown has been appointed assistant
director Of the bureau of traffic by
the Interstate Commerce Commits
sion, it was learned today. He is to
specialize in all matters connected
with water carrier rates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
NET INCOME DROPS

CHICAGO, Dec. 2O.-Net income
Of the Ratl1 Packing Co. for the SO
weeks ending Nov dropped SO per
cent to S82,708, despite 1913 per
cent increase in dollar volume of
sales, it was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
Local Securities

because quotations on local securities
are unlisted on an Exc 5ange, The Times
can not assume respons .bility for the &C.
curacy of these figures gathered from local
brokerS.l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
STOCKS

BID. ASK.
Belt RI & stk Yds com so So
Belt RR 6; Stk Yds 60 pfd.. So
Home Tel&rel Fl. w " p Is. ptd So. 81
Hook Drug Inc com $50. l4Ia
IND & Mich Elec 7ee pfd go 90 lo2
lind General Service ..... 95 100
Ino Hydro Electric ...,..... So 81
Indpls Chain Sto Term pfd s2Is 60
'Indpls Gas Co com ....... 50 10
'Indpls Pow & 1t pfd 800. SO SIS
.Indpls Pow & 1t 6iigFs pfd s7la sola
'lndpls Water SO pfd ....l02
Lincoln. Nat Life Inc Co, 81 81
North Ind Pub svc s.. pfd % Is 50
Progress Laundry com .
Pub Svc Of IND So pfd 49,. llh Il
Pub Service OF Ind re- pfd... so SO
,So IND Gas & Elec Sc .pfd.. s2ia e6la
Terre Haute Elec So pfd -. so 81
Atlanta D,str Term &c ~ -. s2a 70
s sH1alS Di poEta Ie s1s A "a 70 =
Home Eel&Tsi rs w So So Z So S. .,Ss io5
indpis Railways Inc Sc g SO sSsa is SO
I IndPs water Ma;sE 81 80 % so lSs IIS77
Indpls Water slaTe $50 So 1881, los
Interstate T & r Slsrs IS es 90
Kokomo Water Works IS los 1854
Lafayette Telephone Sc ST .l02
Norris 4 10 Stores So so. ss io9
M No6issai Mai aL M't 81 II IS 1877 g 100
Ohio Tel Service So II -. IS
Richmond Water Works 5rs'57 l04la I06
ST. Louis Post Office SAG SO IS IS
Seymour na . WIT Isl mtg Sc .ss ioi 10
Traction Terminal So 81 -. 50 IS
Eek. di.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
Nazi Trade Balance FAVORABLE

Germany had favorable trade balance of 81 ,00O-
900 marks in November Nth exports totang S97 00O
600 marks and imports amounting to $40 900 marks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
New Business Books
Available at Library

The following new business
books are now available at the
business branch of the Indian
apolis Public Library:
THE DU POINT DYNASTY" by
John X. Winkler-" Hidden in one Of
the smallest states of the Union,
living. in feudal splendor. is a singu-
lar family-proud. aloof. prolific
which TODAY controls a greater slice
fallen into private hands
"CORPO RATE PROFITS AS
SHOWN BY AUDIT REPORTS" BY
w. A. PatOn-"A book which is a
first step in the utilization for sta
tlStical research of the tested in
formation which reDoSeS in the files
OF public accountants"
PUBLIC WELFARE ORGANIZA-
TION." by. A. G. MilIspaugh-Organ-
ization and technique that have been
evolved in the administration of the
public welfare activities of the diff
ferent levels of government.
MANUAL OF UNIFORM PRAC-
TICE," by The Savings Banks Associ-
alton of the State of New York.
CREDIT AND COLLECTION PRIN-
CIPLES AND PRACTICE" by A. F.
Chaplin second edition Reflects
changed economic conditions. changes
in sources of credit information and
new bankruptcy legislation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
LOCAL CASH MARKET

LUCAL CASH MAKkET
City grain elevators are paying 81 cents
for No. soft wheat. Other grades on
their merits. Cash corn new No. yellow
46 cents and oats 10 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-20
CHICAGO Grain Futures

(Reprinted From Late Times Yesterday
(By United Press
The Coolidge examiner., 1935-05-31
YOUTH AND CITIZENSHIP IDEALS

Graduates are now emerging from Grammar School
20 High School: from High School TO College; from Col
lege take their place in the affairs of country We
very proud Of this youthful procession of aspan to
useful citizenship. We appreciaye of the demon
sraton Of the skfu training which country has pro
vided We feel proud Of them they glide out gayly
under such banners Excelsior. "Our Goal is Yonder
and many beautiful notices but pause to wonder
the real fundamental ideas nsled into them is to
10 be served.
Il is our understanding that the educational system of
country Is investment in every boy and girl with
she purpose of preparing them TO the country to the
best of their ability. for upon their shoulders will fall
the destiny of the nation We to wonder
young and woman emerging from college with a
finished education deeply enough concerned with some
plan by which he she may reimburse country for
this investment in them by rendering it the best service OF
which they capable. Or they looking for some
by which they may get with small efforts and
n large salary? With system, it is not surprising that
about for pull with highup relative or
with the high-ups political supporter. II they maintain
the which have been nculcated in them should
have been they will understand that they make them
selves worthy the world will find them and they will
realize the concientiousness of faithful service render
ed and a beautiful compensation What really need
from schools in more patriots and fewer politicians