davidaulloa/AmericanStories huggingface dataset:
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1935-12-14
Where To Attend
Church In 1885

St. PHILIPS EPISCOPAL CHURCH
Church Schools =. m.
Rev, FIR. e. A. James. BID. In Charge
Holy Communion 8 to q. m.
BORDER M. E. CHURCH
Fourth and Lyndale, North
Damon P. Young, A. B., NJ. A.,
D. D., Minister
$50 q. m.-ChIrch School
HOO a. m.--Morning Worship
GOO p. m.---Yonng Peoples league
7:45 p. m.--Evening Worship.
7:4o p. IN. wednesday, 49, Prayer
and Fellowship
:. 49,. : s.; ..~ ..... ,'....
a,n ave. S.. star LaAs 81.
[Mlnncap0iis)
Church Schoolgirls a. NJ.
Morning Prayer and Sermon
II 80 a. IN. TO 1880 pm.
Holy Communion lst Sunday of
Month
soc Il. Ia. and with sermon IL 80 q. m.
Rev. FIR. Z. \. James. 3D., in Charge
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
FCA Approves Initial Loan
Under New
Program.
BIZ Times Special

By Times Special
WASHINGTON, July %. The
Farm Credit Administration, pre-
sided ove by w. 1. Myers, governor,
has just announced approval of the
first of the applications for loans to
purchase farms, authorized in the
Farm Credit Act of 1885.
His announcement recalls that
three legislative proposals have been
advanced at this session of Congress
to provide Federal loans to farm
tenants for the purchase of lands.
These we're:
/. The work relief bill, which con-
tanned a provision permitting the
President to use part of the $780,
100000 relief fund for making loans
to finance, in whole or in part, the
purchase of farm lands and neces-
sary equipment by farmers, farm
tenants, choppers, or farm %laborers;'
2. The Farm Credit Act of 1885,
signed by the President June 3;
3. The Bankhead bill, passed by
the Senate June "a, now before the
House Agriculture Committee.
No action has been taken under
the work relief provision.
Under the Farm Credit Act the
lending authority of the Land Bank
Commissioner has been greatly
broadened. The act extends to Jan.
l, 1910, the time in which the COM
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
RAIL REGULATION
AGAIN ATTACKED
Increased Net Seen If Equal
Rules Are Laid Down,
Official Says.
By Times Special

MINOT, N. D., July 29.-At least
a half billion dollars would be
added to the annual net railway
operating income of American rail-
roads by equal regulation of all
commercial carriers, if it were &C
companied by removal of regulatory
requirements affecting the operat-
ing costs of railroads which are not
applied to their competitive rivals,
z. G. Hopkins, representing the
Western Railways Committee on
Public Relations, declared here
today.
such an addition" Mr.. Hop
kins continued, would remove
doubts as to the ability of the rail-
roads to survive under private own
ership and restore to them net
operating revenues in excess of
those enjoyed in any year, 1920 to
1925. Since the latter year the
competitive conditions have de-
veloped most rapidly, under which
rivals of the railroads have made
increasing inroads on their traffic
and revnues.
This diversion of traffic from
the railroads has resulted so large
ly f-)m advantages their rivals have
ey..oyed through freedom from
regulation, rather than to natural
conditions that it is most important
in its relation to all plans for per-
manent solution of the present
difficulties of the railroads.
Regulatory requirements affect
ing operating costs are likewise i'm
portant, in the same connection,
because it is largely through i'm
munity from employment, safety
and other regulations, applying to
railroads, that other carriers are
able to afford rates lower than
would be practical otherwise. and
through which a very large part of
the traffic diversion from the rail-
roads has been accomplished.
General business recovery GER
tainly will in some measure relieve
acute distress in the railroad in
dustry, but it is all too apparent
that further inroads on rail ton
mage by other carriers is to be an
ticipated with continuance of pres
ent conditions, under which the
railroads are bound and their COM
petitive rivals are free"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
Ne7V Federal La1U Aiming Outright
Purchases of Farms NO70 in Effect
Similar Provision in Works
Relief Act In
operative.

per cent of the property's value.
But since the percentage is based
on the appraised normal value-not
the current sale price-in areas
where values are depressed the gov
ernment's rs per cent loan may
equal the selling price of the prop
erty.
The Bankhead bill would set up a
Federal Farmers Home Corp. with
a capital Of S50,O 00, 900 subscribed
from the work relief fund. The
corporation would be authorized to
issue 81, 000, 900 600 of bonds, none of
which might be issued in the first
year and not more than $780, 900 900
in the first three years. Loans, to
be repaid within go years, could be
made to tenant farmers for the pur-
chase of farms, farm houses, live
stock and equipment. without re-
curing any outlay by the recipient.
While the Administration is on
record as favoring the principles of
the Bankhead measure, it has not
been ardent.
At hearings on the bill it was
revealed that of the country'S $685.
648 farms, 1904, 3O5 are operated by
tenants. If each loan were limited
to $4,000, only $4,000 tenants, or
little more than 2 per cent of the
total, could be cared for in the
corporations first three years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
SWINE VALUES
RISE 10 CENTS
Traders Again Pay S11 for
Choice Grades; Cattle
Market Active.

Porker prices were mostly 10 cents
higher at the Indianapolis Stock
yards today, the top again reaching
S11. Choice grades from 100 to 225
pounds sold for $1,000 to $11. Heavier
weights up to 300 pounds brought
S1O.35 to SOTO, and those above
300 pounds cashed in for $500 to
$1O.35.
Underweights were generally
steady. The 1870 to 160-pound
division sold for $40 to $1O.5O, and
extreme lightweights we're priced at
9.25 to $9.75. Packing Sows were
quoted at S8.75 to $3.50. Receipts
totaled 5000. There were 81 hold
overs.
Slaughter classes were fairly
active in the cattle market, with the
undertone improved. The quality
was mostly common to medium
better grades being negligible. Bulk
of the steers and heifers were selling
downward from SO. Beef cows
cashed in for S4.25 to $3.50. low cut
tiers and cutters for $2.75 to 81 and
bulls largely for $3.50 to Sc. There
were 600 receipts. Vealers remained
steady at ST to $3.50. Receipts here
Appropriated 500.
Lambs were steady to Is cents
lower. better grade eve and wether
classes selling for $7.75 to $3.50.
slaughter sheep cashed in for 81 to
So. Receipts numbered 1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
Other livestock
BY Times SpeciaD


LOUISVILLE. July 29.-Cattle-Receipts.
1900; supply moderate; generally killing
quality only fair: market opening slow.
or more below last Monday on most
slaughter classes: bulk common TO medium
grade grassy steers and heiefrs. S4.75m
SIS; common oaiTybreds down TO 81 and
load Southern cutter steers. s3.75: prac,
teal top, So for two loads; s44 and 99O-lb.
grain on grass steers. bulk beef COWS.
S3.75q4.75: practical top. IS; few good
cows higher. most low cutters and cut
ter COWS. s2.25I3.25. sausage bulls mostly
s4-250 5.25 practical top. $3.50: stocker
trade moderately active. generally steady:
most beef type stockers and stock calves.
s6M775; few. 600-700-lb. native feeding
steers. s5I6: most plain light Southern
dairybreds. S3.50M5. Caulves-Receipts.
700. including 225 stock calves. steady with
close last week. bulk better ~vealers. S6M
500. strictly choice handyweig hts. 81: me-
dunn ano lower grades. $3.50 down. Hogs
Friday . Saturday; top n bulk de-
$40 Is. 280 lbs. up. 50 rs; 140-155 lbs. SO. IS.
l20-l35 lbs $40; sows. $40. Sheep
Receipts. $500. including 700 stock ives.
quality Of lamb supply not very desirable.
cemand only fair; market not established,
sellers generally asking around steady with
the close Of last week. but early bids
mostly soc lower: bidding mostly So down
for lambs: fat ewes, $3.50 down: stock
eve trade active; most ewes. S6n7.50 a
head. Receipts Saturday: Cattle. 270:
calves. 1856: hogs, liz; sheep. 1888. hip
ments Saturday: Cattle. 80; calves, 1875:
hogs. 81; sheep. 1892.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
ALIEN WEAKNESS
PUTS WHEAT OFF
Drop of 81 to 1H Cents
Shown in Initial Trading.

by CHtted Press
CHICAGO, July 29.-Failure of
the Liverpool market to respond to
the strong advance here Saturday
checked bullish enthusiasm, and
wheat prices turned lower today on
the Board of Trade.
At the start wheat was q to IL
cents lower, corn was off u to l
cent, oats were unchanged to of
= cent. and rye vas unchanged 20
z cent lower.
The unexpected weakness at
Liverpool tempered bullish senti-
ment in the wheat pit and prices
weakened. A forecast for cooler
weather in the Northwest had a
slight effect on the price movement.
Broomhall cabled that the demand
in the English market was very
slow, and that the prices did not
rally in the afternoon because of
liquidation under way in the July
delivery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
Other livestock
by United Press

IL Az AL99N
CHICAGO. July 29.-uogs-Receipts,
Il. 900. including 1000 directs: strong 70 l0c
higher han Fridays average, bulk good
and choice. l30-240 lbs, SlO.65Ml0.80; top.
SIC. s5; heavy butchers scarce; smooth
light packing sows. s9.35G9.50; bulk IN
sorted. S9N9.25. pigs scarce; plain kinds.
SO 50M9. Cattle-Receipts, 5000; calves.
1000: fed steers and yearlings strong TO
Csc higher than low time last week: top.
s11. 90: bulk better grace. Si0.50 upward:
ter: common grades comparatively scarce;
y~earling heifers Is to 25c higher; heifers
selling up to SO. go but mostly 1915 down:
steady: stocker and feeder trade about
steady; supply comprising Montana grass
ers selling at SIPS down to s575. Sheep
Receipts. $4,000: lambs uneven: bulk steady
to easier with some choice offerings ESQ
under Fridays extreme. yearlings weak;
sheep steady. four doubles range lambs.
So. so; bulk natives. s5.25N550. native
ewes. S2N325 and above. few Westerns.
So so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
On Commission ROW

Quotations below are average wholesale
prices being offered TO BUYERS ov local
commission dealers
FrultS-BanauaS. 4s4c a 10 GooSeoeTrieS
f6-ot. cases 81 RasDberTies red 24-ot
case, sl.75Gl85 BlackberrleS. 24-qt. case,
81 IS. Blueberries. Georgia. 24-qt crate. s. so
Cherries. sour. 2+-Qt. crate. Sl.259Ll 80 Can
jumbo ass. So -. Peaches. Georgia Elbertas.
half buShel. s. 65m2.25 Honey dewS. Cali
fornia. S225 WatermelOnS WatSOnS. 60c;
round. 4Oc. Apples. choice Transparents
6OcRSl Lemons, Sunkist. soc. Grape
fruit, florida seedless. S2.75 Pineapples,
ass So. Lines. Mexican. per carton zoe:
Persian. ssedless. q hundred. 50
VeCetabieS-Cabbage uy.nc srown Oh
IS soc. Inions. California yellow. 50-lb. bag.
Potatoes, New Cobblets. I0O-l6. bag.
s125Gl3S. Sweet potstoes-hew Triumphs,
less, hampers S125GI50. wax. 50. Celery.
washed. dOz.. Sl20. medium. 45c, Jumbo,
Use California crate S3-75. Florida crate
81 ~Cucumbers. dollhouse dog 90c: l-doz
box, roc. Egg plant $50 doz- Kale.
buShel. 4Oc Corn-SOuthern. S-doz.
crate 81 nome grown. l5q2oe doz Let
fornia Iceberg head lettuce 81 Mangoes.
S225 3 hamper. small oaske, 5Sc Mint :
doz. I5c Parsley. doz. 35c Peas home
grown oushel SIPS Colorado hamper
81 90. Spinach home grown. ouShei. CSC.
RadishSS. 2-doZ. basket. 65c. TurnIpS new
8 dOz. 25c. BeetS. home grown q ooz
zoe. Carrots. home grown. doz., SOC: new
ssgik 5gsheL 81 Rhubs5e outdoor doz
home grown lO-lb carton 81 IS: Doz soc
All quotations subject TO change ID or
down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
NeW York Stocks

By United Press
NEW YORK, July 29.-Steels led
the stock market higher early this
afternoon with United States Steel
reaching 42%, up p, and its pre-
ferred 9913, up rs, both new highs
for the year. Other issues of the
steel division were up fractions to
more than a point.
Railroad issues, features in the
late morning, ran into mild profit
taking and gave up part of gains
that ranged to nearly 2 points. New
York Central held around its high
of 1879, up IA, and Atlantic Coast
Line held at 2314, up rs.
Motor shares were in demand at
fractional gains that carried the
leaders into new high territory.
Utilities turned dull, but most of
them were higher.
American Telephone vas n
changed in the communications.
Oils were steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
CHAINS TAX BURDEN
LESS THAN EXPECTED
Only Four States Have Enacted
Legislation This Year.
By Times Special

BY ItDteS Specldl
NEW YORK. July 29.-The bur-
den on chain stores of heavy dis
criminatory tax legislation will be
less severe than was feared earlier
this year. according to the Stand
ard Statistics.
Only four states have actually
enacted such legislation so far this
year-California. Iowa and South
Dakota, which passed new laws, and
Florida. which passed a drastic law
supplementing the law formerly in
effect.
OF the three state Legislatures
still in session, only Wisconsin is
considering such a law and some
chain store legislation is probable
before the Legislature of that state
adjourns.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29

missioner may make direct loans to
farmers, and provides that loans
may be made for purchase of farms.
The original Farm Credit Act of
1888 provided only for temporary
refinancing of farm debts.
Land Bank Commissioners loans
for farm purchases, under the Farm
Credit Act. are not to exceed rs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
BUILDING, LOAN
GROUPS WEIGH
DEPOSIT SURETY
Guarantee of Accounts Pro-
Vided by Federal Savings
and Loan Insurance Corp.

Building and loan associations Of
the State of Indiana today are GEN.
tering their attention upon the m
Surance of their investment &C
counts which is provided by the
Federal Savings and Loan Insurance
Corp. The aggregate estate mort
cages held by such associations fur
niSheS the chief security for the
funds entrusted to them by inyes-
tors. but a great many associations
have become interested in the IN
Surance of their shares as an addl-
tional protection.
The insurance activity centers IN
the Federal Home Loan Bank, which
is the contact point for the ~asSocia-
tons in applying for this insurance,
which guarantees the safety of every
investors account in an association
up to $4,000.
Morgan in Charge
Nathan v. Morgan. chief of the
Federal Home Loan Bank Boards
representatives in the organization
division in Indiana, who has recent
ly moved here. now has the aSsls-
lance of George W. Greenwood, a
recent arrival from Iowa. and Will
liam Blackledge. recently attached
to the Federal Home Loan Bank of
Little Rock. The work of this staff
relates chiefly to the reorganization
of associations IN order that they
may avail themselves Of the bene-
fits of insurance.
The examining division. headed
by H. J. Spurway, is preparing for
a rush of applications, and has re-
Gently obtained the assistance of r.
j.. Maloy of the chief examiners Of
flee in Washington. and Harold r.
Victor, formerly with the Depart
ment for Financial Institutions, be-
sides Robert H. Wertenberger, who
has been connected with the bank
almost from the time of its eStab-
liShment.
Process Is Long
In view of the many steps that
will have to be taken by quite a per-
centage of the associations, the
process of insuring their investors
is not going to be accomplished in a
few weeks, in the opinion of Frank
B. McKibbin, president of the In
dianapolis bank, but it is evident
that it will be a matter of months
before a majority of the associations
will offer this new security to their
members.
About 80 associations in Indiana.
including all of the newly created
Federal savings and loan %asSocia-
tionS, already have received c%ertifi-
Gates of insurance issued by the
government-created insurance cor
poration.
Insurance of shares has the ap-
prevail of the State Department Of
Financial Institutions, as announced
by Earl c. Butcher, supervisor Of
building and loan associations, who
has supplied the incentive to insure
in many cases.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
2s-CENT DIVIDEND PAID

bN IIHIfF NUftIII
PITTSBURGH. July %. The
United Engineering and Foundry
Co. has declared a dividend of 25
cents on the new common, payable
Aug. 9 to holders of record July 80.
The 25-cent disbursement compares
with 37ls cents paid on the old
stock. since been split t~wo-for-one.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
HOUSE ACTION NEARS
ON KENNEDY MEASURE
Bill Would Allow RFC Loans to Dis
stressed Property Owners.
BIZ Times SDecidI

DB tmbS Sptctut
WASHINGTON. July 29.-The
Kennedy bill, which would authorize
the Reconstruction Finance Corp.
to make loans for the relief of dis
tressed property owners, will be
acted upon at this session of the
House, the Rules Committee dis
closed today.
Companies financing property
owners in payment of real estate
taxes could borrow from the RFC
under the measure, which is de-
signed to facilitate extension of
credit to delinquent taxpayers at
low interest rates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
Produce Markets

The prices quoted below are paid tor
stock gathered in the country. while de-
livered in Indianapolis the price will be q
cent higher Heavy breed hens. l3c: Leg
horn breed hens. l0c: heavy breed cocks,
&c: Leghorn breeo cocks. &C: colored
b~roilers, 2 lbs and up. lac: Leghorn broil-
ers. Ia lbs. and up lac. bareback b~roilers.
10c. ducks full feathered and fat. &c;
geese. full feathered and fat. &c, No. ]
strictly fresh eggs. loss Of lSc Each fun
case must weight SIS lbs. gross. a deduc-
ton OF lOc a pound. under S. lbs. will %
made. Butter-No. /, 2712 m23Izs; butter
tat, l9c. Quoted by the Wadley Co.
lBy United Press
CLEVELAND July % -Butter-Market
Market firm; extra whites. 25i2c; extra
firsts. 22c; current receipts. 21c. Live
Poultry-Market steady: heavy fowl. lac;
medium fowl. 17G1sc: Leghorn fowl. 1870
lac: old ROSTERS. lie: ducks. young. l4m
15c; old ducks. 11012c: broilers. Rock. ,
lbs. and up. zoe; colored broilers, "a lbs.
and up. l7gl3c; Leghorn b~roilers, az lbs.
and up. 15c: small. lac. Potatoes-Vir-
GINA. sIs5m2 a barrel; Delaware. s1.i50
1.25 a l00-lb. bag.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
FRUITS AND ~ErABL

tBv United Press
CHICAGO. July 29-Apples-IlinoiS
bushel. yellow tranSparents. 40 soc. Car
rots-WeStern crates. . 6oz. S225. Tur-
nips-InlnoiS punches. ieN2c. Sweet
pofstoeS-TenneSSee. buShel. so 6Oc. Leaf
iettuce-Ilmcis. buShel 25W55c. Beans
Illinois. 5uShel. 75c6fSi.5 so. Cabbage-s0-
SCR. crates. S5G5ec Peas-Washlngton.
Tennessee. Jugs. Ioc 81. Spinaeh-IllinOiS,
hushel S5c Rhubarb-IlllnoiS. 40-lb. car
tons. SOC Lettuce-WesteFn crates. COZ
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
CAR LOADINGS HIGHER
Increase of 26,S7S Units Reported in
July goth Week.
y United Press

TT WFTTW ITV"N
WASHINGTON. July 29.-The
Association of American Railroads
announced today that loading of
revenue freight for the week ended
July 20 totaled 1896 cars, an in
crease of 26,878 above preceding
week, but a reduction of 22,674 be-
low the corresponding week in 1894.
Miscellaneous freight totaled 1885,
319 cars. an increase of 1882 above
the preceding week and 9,082 above
last year. Merchandise in less than
carload lots totaled 157,345. an in
crease of 1924 above the preceding
week but 1921 below last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
HOLT JOINS

Henry Holt, member of Thomson
& McKinnon and manager of the
firms local Office. has purchased a
membership on the Chicago Stock
Exchange. it was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29
RAIL FARE CUT
POSSIBLE ROAD
TO MORE JOBS
Labor Has Been Hurt by so
Per Cent Decline in Pass
enger Traffic.
BIZ Timcs SDcciai

~ Z fmfs SPECIAL
WASHINGTON, July 29.-While
maintaining an official neutrality.
railroad labor leaders today ex-
pressed a vital interest in the pro-
pOsal to reduce the basic pasSen-
ger fare from 3.6 to 2 cents a mile
The railmen's chief concern is the
possibility OF unemployment for idle
workers, whose ranks nave been
swollen by the so per cent decline in
passenger traffic since 1880.
The fare reduction has been rec
commended to the Interstate Com
merce Commission by Examiner
Irving L. Koch, who predicted it
would recapture traffic lost to motor
carriers, add to the railroads reve-
nue. and stimulate employment.
AS long rs the deliberations are
held strictly to rates. the Railroad
Brotherhoods will hold to their Gus
tomary neutrality in tariff mat
ters," said Timothy Shea, veteran
vice president of the Brotherhood of
Railway Firemen and Enginemen
and Railway Labor Executive Com
mittee.
Wage Question Weighed
IF the wage question is injected,
we will have something to say. But
I do not believe wages will enter
into the deliberations"
Suggestions have been made that
opponents of the fare cut would at
tempt to negotiate a wage reduction
if the ICC ordered the 2-cent rate.
The wage scale was restored to its
pre-depreSSion level this spring and
the carriers have not moved to ne
gotiate for a new reduction.
Experiments by Southern and
Western railroads in fare reductions
proved helpful to labor. Even where
there was no appreciate increase
in the carriers revenues, there was
a gain in train-miles and conSe-
quently in employment, Mr.. Koch's
report showed.
Several congressman whose men,
bership on the Interstate and For
eign Commerce Committee has as
ISOLATED them with transportation
problems expressed a belief that the
fare reduction would offer the rail-
roads an opportunity for increased
revenues.
If the railroads are to compete
with other forms of transportation
they must be able to meet them on
a basis of convenience and low
rates" said Rep. Lea Cd. CALI.
Benefits Are Seen
The experience of the Southern
railroads indicates the wisdom of
the experiment on a national scale"
cid Rep. Cooper CR. o.. Rep.
Mead ID. N. ". chairman of the
House Post Office Committee, fore
saw a reduction in airplane pas
Senger rates, due to the new air
mail rates.
The new air mail bill should
stimulate the volume of both pas
senger and express traffic, and in
creased volume should permit rate
reductions" he said.
Senator Wheeler Cd, Mont.).
chairman of the Senate Interstate
Commerce Committee. said he had
not studied the Koch report.
The ICC has scheduled oral argu-
ments on the fare cut for october
and is expected to act before the
end of the year. Since the COM
mission sponsored the inquiry. and
because of the strong report by
Koch. the opinion prevails among
officials here that a reduction will
be ordered.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-29

City grain elevators are p~ayinh<si cents
for No ? soft req wheat. Other Trades on
their merits. Cash corn No. , Yelow
70 cents and oats - cents.