davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
PORKER PRICES
CONTINUE RISE
Market Generally 10 to Is
Cents Higher; Supply
Decreases.

A combination of light receipts
and a stronger demand at the In
dianapollS StockyardS today sent
porker prices sharply 10 to Is cents
higher than yesterdays best aver
age. In the extreme lightweight di-
vision some classes were as much
as so cents above the previous close.
Receipts were estimated at only
$500, compared with a general run
of approximately 5000 in recent pre-
vious sessions. The upturn was also
reported at surrounding livestock
markets and influenced by the same
factors as at the local exchange.
Receipts today at IL surrounding
livestock markets in this district
amounted to only 10000, compared
with a total of 10000 at the same
centers last week. All but 1873 of to-
days supply was consumed in active
ing, This indicates sharp improve
ment in the consumers demand for
hogs in this district.
The general bulk from 100 to 1870
pounds sold at $1110 to $11.30, while
choice kinds, scaling 100 to 200
pounds, brought $1130 to Sl145.
Few better classes sold downward
from $11.60, a new top price for
more than a week. Light-lights.
weighing 100 to 40 pounds, cashed
in at $3.50 to S975, while 100 to
100 pounds brought 50 to 1925.
Packing sows sold at 1926 to $40.
Activity increased in the cattle
market, although prices were most
ly unchanged at the previous close.
Desirable medium and heavyweight
steers directed to shippers were VAL
ued from $11 to S12. Others sold
mostly at $1,000 down. Mixed steer
and heifer yearlings held at $l1,
while most heifers remained under
SO. Receipts were 1900
VealerS again continued station
airy. Bulk of good and choice kinds
was salable at SO to $3.50. Receipts
were TOO Lambs also displayed
steady trading range, with bulk of
better grade eve and wether lambs
selling at $3.50 to SO so. Bucks were
discounted from so cents to ST.
Slaughter sheep sold at 81 to 1925.
Receipts were 2300.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
SUBSIDIARY is FORMED
BY MORTGAGE BOARD
New Trustee Corp. in New York to
Handle Receiverships.

BIZ imcs Special
NEW YORK, Aug. 28.-Formation
of a State Mortgage Commission
subsidiary called the Mortgage Com
mission Trustee Corp, was an
nounced here today.
The new commission will handle
receiverships in foreclosure cases
where the income of the property is
below 5000 year, Wendell P. Bar
ker. chairman of the commission,
said.
More than half dozen of such
receiverslip orders already have
been signed by Supreme Court JUS
tees in Brooklyn. Bronx and Man.
haitian, and many more are pend
ing, according to Mr.. Barker.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
100000 SUIT
AGAINST HOPSON
GETS APPROVAL
Action Seeking Refund of
Lobby Fund Would Aid
Stockholders.
81 Times Special

81 Times Special
NEW YORK, Aug. 2S.-The worn
phrase widows and orphans" has no
personal meaning to Murray Kan
ner despite his resentment against
utility holding companies, expressed
in two suits against the Associated
Gas and Electric Co.
Mr.. Hammer and his business
partner, Simon Levor. ask, as stock
holders, that Howard c. Hopson and
John I. Mango, treasurer and presi-
dent of A. G. and E, give back to
the system $1,000. 900 allegedly spent
lobbying against the Wheeler-R Ray
burn bill
But we aren't widows or or
phans." Mr.. Hammer said today at
his office, 1850 Broadway. I'm a
bachelor. Sos my partner"
Would Help Investors
Their court actions-fled in New
York Supreme Court and New Jer-
sey Chancery Court-are intended.
however, to benefit the stricken in
vestors, he maintained
The death sentence plan would
benefit all of us" Mr.. Hammer said.
Mr.. Hopson and Mango are like
Midas; everything they touch turns
into gold for themselves.
Since we started these suits
dozens of other investors have called
up to encourage us. We refer them
all to our lawyer Archibald Palmer,
at Lafayette-St."
Mr.. Hammer now owns 107 shares
of Glass A stock in A. G. & E..
two shares of common and three 5
per cent bonds, par $1,000, now
quoted at $500.
Once Worth $1,000
The holdings, now worth slightly
more than $1,000 at market prices.
could have brought S11 900 when the
market was at peak
Mr.. Hammer and Mr.. Levor are
proprietors of a mercantile collection
agency, Frank e. Arnold, Inc.
Mr.. Tanner was asked whether he
would abandon his actions to get
an accounting of S1.0OO,OOO in lobby
ing costs, and more than 100000
in fees supposedly received by Mr..
Hopson and his associates. if As
ISOLATED Gas offered to purchase his
holdings at an attractive price.
He said he wouldn't give up.
Mr. Palmer said they wouldn't
give up either. Never" he added.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
CANADIAN CAR OUTPUT
UP 17.6 P. c. IN JULY
Total Production During Month
Placed at 1909 Units.
By Times Special

OTTAWA, Aug. REPRODUCTION
of automobiles in Canada during
July amounted to 1909, an increase
Of approximately 176 per cent, the
Dominion Bureau of Statistics an
nounced here today.
Total production during the first
seven months this year ending July
81 amounted to 124,335, compared
with 99,l25 cars veal ago.
Canadian exports of automobiles
during the first seven months Of
1885 totaled 43,O72 cars. compared
with 81, 506 in the corresponding
period last year, the report showed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
CANADA CROPS SPOTTY
Rust and Frost Damage Is Reported
in Several Districts.
By Unitcd Press

NEW YORK. Aug. 2S.-Crops are
extremely spotty in the Canadian
Prairie Provinces and rust has done
extensive damage in Manitoba and
parts of Saskatchewan, according to
the crop report released here today
by the Bank of Montreal.
During the last two weeks heavy
rains have delayed harvesting OPP
erations and caused further lodging
while recent frosts in Alberta and
Northern Saskatchewan will reduce
yield and lower grade, the report
stated
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
WOMAN
GETS SEAT ON
U. S. EXCHANGE
Miss Gretchen SChoenIeber
First Of Sex Elected to
ANY Exchange.
By nifcd Press

By Hiffd Press
MILWAUKEE. Aug o. = Miss
Gretchen Schoenleber, whose cleo
ton to the membership of the New
York Cocoa Exchange made her the
first woman to be elected to any
American exchange, will take to the
trading floor the same attributes
boosted by each of its male con-
tingent. She has a keen business
head. a quarter century experience
in her particular field and the abil-
ity TO drive a good bargain.
She will take one becoming
womanly trait too. in spite of her
efforts to DO business in a mans
world on mans basis-a sense of
retiring modesty. She is fortnight
and determined sin her business
negotiations but she is loathe to
have her success set up as an
example of what women can do in
executive positions.
Htlu DuSlIltSS EADtulfHt
Seated in her office as president
of the Ambrosia Chocolate Co. here
she protested that her election to
the New York Cocoa Exchange was
Of no significance. She said 1t was
merely a business expedient.
Every leading chocolate company
has a seat on the exchange" she
said. ours was taken in my name
simply because I happen to be the
principal officer of our company.
The fact I'm a woman makes no
difference at all. Doing business
these days isn't a question of se:;.
won't add 'ything to the ex-
change that a man wouldn't"
AS a matter of fact she will dele
gate to q subordinate the active
duties in New York in connection
with buying the raw cocoa beans
through the exchange which her
company converts into candy bars,
cocoa and chocolate.
Started as StenOgrapher
Miss Schoenleber will continue to
drive her own car to the plant IN
downtown Milwaukee which is pop
ular throughout its section of the
city because from it emenates a
wholesome odor of rich chocolate
that pervades the whole area. She
gets to work at o'clock. just as
she old when she started out as ste
nographer for the concern % years
ego. Her father was founder of the
business in 1894 and she succeeded
him as general manager when ne
died 10 years after she started in
the business.
She's made it her life work and
lever bothered with matrimony.
In her employ are 155 piople.
many of them women, engaged in
processing the raw cocoa beans that
come by boat and rail from Africa
and South America.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
FRUITS AND VEGETABLES
BY United Press }

CHICAGO. Aug. 26-Fruits and vege-
tables. Apples-Michigsn bushels Duchess.
50d 75c CarrotS-Ilinois bushels 30G 40c
Sweet otatoeS-TenneSsee bushels SlM
10 Leaf Lettuce-Illinois bushels. 35n
40c Michigan bushels. slGi so.
hbage-40-50-lb crates 35d soc Peas
California bushel hampers. SIC. iona
toes-Michigan pot baskets. 25n soc.
Spinach-Illinois 75c Isttuce-W Western
crates. 5 doz S3T35o. Peaches-Illinois
bushels. S1Gi65. Cucumbers-Michigsn
bushels. s06 75c Michigan.
50cHS1. Onion market t50-lb sacks
Iowa yellows 50G zoe. Illinois vellows so
"a 65c. Wisconsin yellows. 70d T5c Mime
sofa yellows 50G zoe Idaho whites. a0c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
MARKET VALUE DROPS
By Times Special

NEW YORK. Aug. 28.-The mar
ket value Of so representative stocks
listed on the New York Stock Ex-
change at the end of the week of
Aug. "a amounted to s14.759 ,664, 375,
a decrease of s425.013.500, or $50
per cent compared with the preced-
ing week. Paul H. Davis x Co. re-
ported today. {
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
ALIEN INFLUENCES
AGAIN HELP WHEAT
Rise of "a to " Cent Is
Shown in Early Trading.

By UHjted Press
CHICAGO, Aug. 28.-Higher
prices in the Liverpool market lent
a firm undertone to the wheat mar
ket today on the Board of Trade.
At the start wheat was Il to u
cent higher, corn was unchanged
to % cent higher, oats were un-
changed to up Is cent, and rye i'm
proved 4 to y cent.
Scattering buying of wheat early
was generated by the unexpected
firmness in the Liverpool market.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
Produce Markets

The prices quoted below are paid for
stock gathered IN the country, while de-
cent higher HEAVY breed hens l5c;
Leghorn breed hens. l2c: heavy breed
cocks. &c: Leghorn breed cocks Sc: coll
CRED broilers. lbs and up. sc: Leg
horn broilers. - lbs and up. I2c: bare
back broilers lOc; ducks. full feathered
and fat &c. geese. full feathered and fat.
eggs loss of &c. Each full case must
weigh SIS lbs. gross. a deduction of loo
pound under IS lbs will be made. Butter
No 2st. q 29tsc butterfat. 22c.
Quoted BY the wsdley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
STOCK INDEX LOWER

By Times SpeciGI
NEW YORK, Aug. 23.-The COM
mon stock index of 10 leading man.
agement investment companies de-
clined slightly during the last week,
according to Distributors Group, Inc.
The index stood at 1914.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
RETAIL TRADE AGAIN
SHOWS IMPROVEMENT
Practically Every District in L. s.
Reports Gain Over 1884.

hW TFHfF NWFTTTT
WASHINGTON. Aug. 2s.-Retail
trade in practically every district of
the United States continued to show
improvement during the last week
over the corresponding week of last
year. the Comerce Department an
slounced here today.
Wholesale trade. as reported from
the various areas. made a much bet
ter showing in comparison with last
year than retail trade, the report
stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
DIRECTORS MEETING CALLED

NEW YORK, Aug. 28.-Directors
Of the Houdaille- Hershey Corp. will
meet in Detroit on Sept 10 and will
consider payment Of a dividend on
the class B stock, it was announced
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
ODLUM'S
STRIDES MADE
IN DEPRESSION
Atlas Corp. Leader Started
Up When Everything Else
Was Going Down.
By Times Special


NEW YORK, Aug. %. - Floyd
Bostwick Odlum made a 14-million-
dollar bet on u. S. recovery in 1880.
Starting upward at time when
everything else was going down, Mr..
Odlum now heads the largest in
veStment company in the country,
the Atlas Corp. The story of how
he licked the depression and built
up a mammoth concern is told i'll
an article in Fortune Magazine lcr
September.
In 1926 Floyd Odlum's little At
las took a good shellacking in which
its profits we're cut in half At the
end of 1929 Floyd Odlum'S Atlas had
S14,0OO,O0O in cash and quick as
sets. Today Atlas Corp. is the big
gest investment company in the
u. S. with the remains of % sepa-
rate investment companies piled up
in it and net assets of more than
500 100000, the magazine says.
Hailed as Wizard
Floyd Odlum is sometimes hailed
as new wizard of Wall Street, one
of the very few wizards extant in a
day when most of the magicianS
have packed up their decks of cards
and vanishing rabbits and settled
down to quiet life, sans NEGRO
NANCY, under the watchful eye of
the Securities and Exchange Com
mission"
With $14,000000 in quick assets
in 1880, Mr.. Odlum started in &C
curing other investment houses at
a time when money was scarce and
when the prices were good.
Mr.. Odlum is 40 and looks as
unremarkable as any man you
might see squeezing out of a New
York subway car. Specifically there
is some truth in this. Mr. Odlum
is middlesized, pale, and inclined to
be spindling; he wears horn glasses,
he is getting bald, and he might at
first remind you of any hard-work
ing male secretary. But once you
know that he is 43 you are sur
prised. He doesn't look 1t.
Invariably Moves Fast
"He invariably moves fast, and as
though he knows exactly where he
is going If you hear much of his
orderly talk you might guess for
yourself that he has been an ex-
cellent corporation lawyer. If he
takes off his misleading horn rims
and looks at you fixedly you will see
the long. contained, confident face
of an excellent trading strategist.
And if the face suddenly shows
delight which Mr.. Odlum makes
no attempt to conceal, and he says:
You know, three times I have had
the pleasure of getting control of
a company before the directors had
any idea 1 was doing tiff this
happens, you may begin to get an
idea of Mr.. Odlums fundamental
character"
In the class book of 1912 at the
University of Colorado, the terse
comment, manages to get his
hands on everything that makes
money appears under Mr.. Odlum S
picture Born at Union City, Mich,
the fifth of five children of a
Methodist minister. began work
early and earned his way through
the university.
He studied law, practiced law at
Rock Springs. Colo. and became
connected with the Utah Power and
Light Company, a subsidiary of
Electric Bond q Share. Later he
moved to the New York office of
Bond & Share. In 1920 he became
vice president and the legal back
bone of the company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
New Business Books
Available at Library

The following new business
books are now availab bic at
the business branch of ne In
dianapolis Public Library:
THE EMPLOYMENT EXCHANGE
SERVICE OF GREAT BRITAIN tby
H. $ CheEwiddenl -' Staid old Ems
land has dabbled in egimsntation.
insuring over y 600. 900 against I'M
employment"
GETTING ALONG WITH PEOPLE
fhv Milton wright 1t behoovcS Us
to get along as we'll as We can with
those members OF the human race
who can not be avoided.
MARXISM: 4 SYMPOSIUM Cbv ]
Middleton Murry. G. II. d. Cole and
Others) of this new wOTld-of ma
chine production-Marx was the con-
seriousness. His whole life work may
be described as an effort 10 make
men conscious of the nature and
implications of that change
POPULATION ROBLEMS (hy
Warren :. Thompson, Second Edi-
tom Human welfare IS so OBJ
viously bound I'D with the growth IN
numbers
CONTRACTS IN ENGINEERING
(by James /. Tucker r. The engineer
needs substantial familiarity with
many legal principles"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
SHEEP AND LAMBS

Receipts. 1900
Lambs. 90 lbs down. good and
choice -............,.-....- sa500 8 Is
Medium .......-..-.-.--.--.. s25G $50
Ewes
,9O-125l Good and choice 225G 325
dunn 1850 275
ll20-i50l Good and choice O0H 225
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28

WASHINGTON Aug 29.-Government
expenses and receipts for the current fiscal
year to Aug. 26 compared with last year:
This year. Last year.
Expenses ...... S1195. 023. 912 $3.50. 805. 1l9
Receipts ...... SAG 630.l10 ass. 229. OBS
Deficit ........ 645 1913. 802 400. SIG, 033
Cash Balance 1915 $50 242 2,2l3 857, sos
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28

IT doesn't require a degree in eco
Il Monies to understand the eco
nomic hereSy which the loan ar
rangement breaches. BY fixing a
price above the level which pre-
vailed in the open market the AAA
was merely preventing cotton from
flowing into consumptive channels.
And while growers ignored open
market prices and glutted govern
ment warehouses other materials,
in all probability. were being used
in place of proud cotton.
But if it doesn't go into consump-
ton. the cotton still remains as
carryOver. In other words, the
amount of the 1885 cotton crop that
fails to find its way into conSump-
tive channels is a carTyOver to the
1886 crop. On Aug. ! the carry
over amounted to 5000 900 bales,
with the prospect of this total be-
ing increased a year hence. Whether
the farmer realizes 1t or not the
cotton which the government has
accepted as collateral for the r.
cent loans will return to plague him
sooner or later.
The 2-cent reduction in the loan
rate should go a long way toward
removing the embargo on con-
sumption II the market price re-
mains below the 1O-cent loan rate.
as it is today. then there will be
little incentive for the farmer to
sell his product TO the government.
Now. If some constructive plan is
offered to recapture some of the
alien market. We shall be able to
determine whether cotton is to be
king or COmm0ner.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28

COUTHERN Senators antagon-
- ism TO the 9-cent loan I2-cent
guarantee is hard to understand.
particularly when it is realized that
the arrangement is better for
their farmer constituents in the
long run. Possibly the only reason
why a fiat 12-cent loan was desired
is because the u cents on each
pound of cotton Is procured easily
and quickly. whereas under the
guarantee plan some time must
elapSe before the farmer knows
whether he is entitled 10 the sub
sidy or not
Besides being a good thing for
the cotton farmer. the AAA's ad-
justed reasoning is less OF a po-
tential drain on the Federal tlsaS-
ury. BY reOpening the consump-
tive channels the government uti-
mately may enhance the value Of
the cotton which it now holds.
That the outright loan is a dan
gerous policy was demonstrated in
the closing days OF Congress when
the wheat bloc. tempted by the r.
cent fiat loan rider for cotton on
the third deficiency bill. added an
other tail 10 the measure by ask
ing a e0-cent loan on wheat. Huey
Longs monOlog sounded the death
knel for both proposals. although
that was not his intention.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
Belga DEGRADATION Profitable

DEGRADATION Of the belga and reraluoon Of the gold
of national banks resulted in profit Of ap
prorimotely s12S,0O0 900 for Belgium according to
official announcement made public today
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28

TT WAYNE. Aug -Hogs-20 n Csc
higher: 2oo-22s lbs, sll.2o: 10000 lbs.
SLID; Iso-I2o lbs ::iooss5 22s-25o Ibs.'
50 so: l2o-130 lbs. 1925: ll0-l20 lbs. 50:
l00-ll0 lbs. s5.75: roughs. SO: stays s725.
Calves. $3.50. Lambs $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
Other livestock


LOUISVILLE. Aug attle-Receipts.
500. run mostly palmer grade grass cattle;
demand fairly broad from most buying
sources: market moderately active general
ly steady. bulk common to medium grass
steers and heifers. s56 725: common
dairybreds down to S425 and cutter grades
below: better finished grain on grass
steers and heifers quotable to 80. with
dryfeds eligible somewhat higher; bulk
beef COWS. s4G525; good beef breds and
smooth heifer types quota Die upwards Of
$3.50: most low cutters and cutters. s225
1850; sausage bulls considered salable at
SIS 50 down: better beef type stockers ard
stock calves. s6.50G825; choice Hereford
calves eligible higher; inferior to COM
mon southern dairybreds. 3.50G4.5 so;
better bred kinds to IS. Calves-Receipts.
500 including 125 stock calves; market
steady; bulk good to choice grades. s5G
9: medium and lower grades, 81 down.
Hogs-Receipts 500: market. 15c higher;
top and bulk desirable 180-240-lb. weights
slI Is; 245-295 lbs. slO75; 800 lbs. up,
sl0.35: 160-175 lbs. 5000: l40-155 lbs.
SO 95: 120-135 lbs. So sows. $500. Sheen
Receipts, 220o. including 1900 stock ewes.
run light and quality of lamb supply
plain: market not established some buy
ers talking around soc lower on better
lambs with sellers generally asking
steady; most better lambs Tuesday s8.25 to
mostly s875: fat ewes, 50 so down: better
stock ewes. 81 .50d9 a head with desirable
Montana yearings mostly s8Ms.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
(By Abbott. Proctor & Paine)
LOCAL CASH MARKET

LOCAL CASH MARKET
City grain elevators are having 70 cents
for No. 2 soft red wheat. Other grades on
their merits. Cash corn No. 2 yellow
70 cents and oats 19 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
BY United Press

I6U los. ST. IbU-IlU lbs. $40. 65, I5O-Ib0
lbs. $40: 1oo-l50 lbs. S9Gs75: roughs
SO IS down: stays. S525 down Calves
steady; top $3.50. Lambs, steady; top
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-28
Trends
Southern Senators
Stand on Cotton
Untenable.
by VINCENT LYONS
Times Financial Editor

A GROUP OF Southern Senator'S
~ had their Dixie blood up 70
a boiling point last week when the
Agricultural Adjustment Admins
tration announced a revision IN us
policy toward cottOn-the South 5
gold. Instead Of continuing a fiat
loan Of y cents on the 1886 crop.
IL was stated. the government
would loan but 9 cents on the new
production but in addition. would
guarantee the farmer a price Of II
cents a pound for his staple through
a subsidy.
This action was tantamount 10
throwing a bomb into the ranks OF
the Southern contingent who pre-
viously had been issuing daily bull
letins expressing confidence that
the I2-cent loan would be main
tanned. The fact that a few days
earlier Secretary Of Agriculture
Henry A. Wallace had telegraphed
from Indiana that maintenance OF
gift loans" on cotton was I'M
sound failed 10 disturb their con-
fidence
Aroused no end by the revised
AAA policy. the cotton Senator's
took it upon themselves to correct
the situation by attaching an
amendment to the third deficiency
bill providing for a fiat 12-cent
loan on cotton. Wheat Senators
added a provision calling for a
90-cent loan on their favorite COM
modify. When the House baked
at voting on these amendments
Senator Huev LO"G STAGED a fill
buster which prevented the def
cheney bill from being voted upon.