davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Other livestock
nv United Pressl

LAFAYETTE March l5.-Hogs- Market
2s 235-275 lbs. ssGsi0. 27s-S25 lbs.
So 75Gs9n i70-2OO lbs s9.O5 9l5: 155-
10 lbs $3.50 9. t40-l55 lbs. S825d 8 so
f7n-I40 lbs s775TS l20-l3O lbs S725d
SO. i00-I21 lbs SIS S07: roughs. SO IS
down. calves SOC higher. ~ down; lambs.
steadv. So 50 down.
higher. 100-250 lbs 50 20: 25O-3OO lbs.
50 0s. s0O-s5O lbs. ss75: 10000 lbs
iaO-i50 lbs s. IS i5O-l4O lbs. $780, 100
100 lbs 81 10. lOO-l2O lbs. $50: roughs.
Sis. stazs. $50. Calves. $3.50; lambs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
SHIP SUBSIDIES
BRING CONCERN
TOLECISLATORS
Roosevelt Declines to Say
What Type of Payment
He Desires.

BIZ Scripps-H oicdrf Newspaper Alliance
WASHINGTON, March IS
Merchant marine authorities in
House and Senate professed today
to be puzzled about the Presidents
attitude toward shipping subsidies.
Several members had expected him
to supplement his recent message
on the subject by sending up a bill
with concrete suggestions for a
direct capital subsidy to ship oper-
atorS.
The President. however, has now
denied any such intention and
placed entire responsibility for such
legislation upon Congress. Some
members complain that the Presi-
dent has not indicated clearly the
type Of direct subsidy he favors.
There is the "differential plan"
whereby the government would con-
tribute to a ship builder the differ
ence in cost of construction in this
country and abroad.
Yardstick Is Different
Another direct subsidy plan would
base grants on tonnage and speed
of the projected vessel. Experts say
the difficulty here is in selecting an
adequate yardstick with which to
fix the subsidy. 1t also involves
enormous administrative difficulties,
they say, for each ship must be dealt
with according to size, purpose, type.
speed, tonnage and equipment.
There appears to be a plan afoot
among Senate Republicans to limit
the maximum subsidy allowable for
any ship.
Substantial opposition to any di-
rect subsidy at all is also apparent,
particularly in the Senate, though
members refuse to be quoted be-
cause of their uncertainty about the
Administrations attitude.
One Senator, who was instrumen-
tai in drafting the existing law
known as the Jones-W White Act, said
he would fight to retain the mail
contract system but not in its pres
ent state.
Amendments Held Need
This Senator believes that five or
six amendments to the Jones' White
Act would meet every valid objec-
ton to the mail contract plan. He
declared that it was the original in
tention of the Jones-White sponsors
to confine mail contracts to fast
liners operating on bona f1de mail
routes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
TRAIN TINE is CUT

by FWbS NptCIUt
CHICAGO, March ia reduc-
ton to 8 hours so minutes on the
running time of the Pacific Limited
between San Francisco and Chi
cago, and 7 hours 20 minutes in the
Los Angeles Chicago service will be
made April l by the Chicago u
North Western Railway, R. Thorn
son, passenger traffic manager, an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
RESERVE BANK
BILL PROJECTS
NEW CONFLICT
Many Questions Must Be
Settled Regarding Pro-
posed Legislation.

The New Deal enters upon its third
year. Where are We now? What dis
lance have we Travelled along the road
to economic recovery? John T. Flynn,
Americas foremost writer on financial
topics, tells you. IN FIVE articles, written
exclusively for The indianapolis Times
and NEA Service, Flynn shows with re-
freshing clarity how far we have
progressed toward better times. This is
his fifth article.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

Mr.. WATSON is a native of Indian
apolis and has been active in the
Indianapolis Community Fund and
other civic activities. He is a men,
Der of the Chamber Of Commerce,
the Indiana Rotary Club, the Indi-
annapolis Athletic Club and the
Columbia Club.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
CONTAINER INCOME
HITS TOP SINCE 1927
Best Earnings Are Reported by
Company Since 1927.

Best Earnings are htpOTtcu ny
Company Since 1927.
BIZ Times Special
CHICAGO. March 15.-Best earn
ings since 1927 were reported by
Container Corp. of America in its
annual statement this week. Dollar
sales in 1884 were 1873 per cent
larger in face of a 25 per cent de-
cline in units and profit for the year
eQualed s1.5S a share on the class A
stock and 70 cents a share or. the
class B stock.
The report showed net income of
sI.1I2.7l1 after raising depreciation
70 S984.162. compared with S140.921
after S91,O07 depreciation in 1888.
Working capital decreased s129,637,
but cash actually was increased by
1881, 296.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

WATSON to mem
bership on the
board.
Mr.. w a S so n,
who is general
manager of the
National Male
able and Steel
Casting Co, an
indianapolis firm,
was elected to his
new post at the
March meeting of
t h e File t C h e r
T r u S t board
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
SHEEP AND LAMBS
HARDWARE SALES ARE STEADY
By Tim es Special

NEW YORK, March 15.-Hard-
ware store sales held their own
during February better than most
other branches of everyday retail
ing, according to the current issue
of Hardware Age. Household sup
plies, particularly electrical APP
planes and equipment, appear TO
have made the best record.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
FEBRUARY COTTON
CONSUMPTION DIPS
Sharp Drop From January Recorded
in Census Bureau Report.

b. United Press
WASHINGTON. March 15.-Cot-
ton consumption during February
totaled 478.191 bales. compared 10
$40, 7s7 bales IN January and 477.046
bales in February. 1884. a Census
Bureau report showed today.
For seven months ended Feb. %
consumption was 3.152S92 bales.
compared 70 3.4O0277 bales last year.
Cotton exports last month. the
bureau reported totaled 800 294
bales. compared to 465.711 in Janu-
ary and 62S457 bales in February,
1884. February imports we're 6l37
bales. compared TO 1888 blses last
wear.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
DOLLAR VALUE DROPS
Purchasing Power of Unit Held in
Common Stock Dips 3.S Per Cent.

BIZ Times Special
NEW YORK, March 15.-The pur-
chasing power Of the dollar held in
common stocks showed a decline Of
SO per cent for the first two
months Of the year. according to
the monthly survey Of AdminiStra-
tive and Research Corp. During
the same period the purchasing
power Of the dollar held in cash
declined 81 per cent. The dollar
held in bonds decreased l.8 per cent.
Wholesale commodities. as meas
ured by the Bureau Of Labor whole
sale commodity index, stood at 79.6
per cent on March ?. 1885. as COM
pared with I'll per cent on Dec.
%. 1884. Thus the purchasing
power Of the dollar held in cash fell
81 per cent during the two months,
the survey says.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

the commission.
beIfevesit viii
break the log
Jam Of new Sc
curty hotatiOns
T. is 70 BE- sin
eerely hoped that
Mr. Kennedy IS
correct A nat
ural flow OF in
vestment money
into in dustry
again s n o u d
prove one Of the
biggest slim u
lants 70 business
reroverv that
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
LAMBERT NET EQUALS S294

NV YORK. March l5.-Lambert
Co. and subsidiaries 1894 profit
totaled s2.1ee .069. equivalent TO
S2s4 a share OF capital stock. &C
cording 70 the annual statement. In
1888 net profit was S2,229. SCI, or
S2o7 q share.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

Among the other factors making
for unsettlement can be listed the
drastic Public Utilities Holding
Company bill; the widespread de-
fects being uncovered in the security
legislation; the NRA and the bank
ing bill of 1885.
Renewed difficulties have beset
the path of the NRA as a result Of
several decisions declaring its activ-
tiles unconstitutional. The Weirton
Steel decision and the Kentucky
coal decision, both of which were
handed down in the federal courts
last week, brought this problem to
the fore. A similar ruling declaring
certain activities Of the IVA uncon-
Stitutional has caused uncertainty
in connection with that phase of
the Administrations program.
Uncertainty to Persist
Although these court decisions
would tend to aid confidence, if sus-
tanned by the Supreme Court, I'M
certainty will persist until the high
er court renders its decision. The
recent gold clause decision, with its
verbal rebuke to the Administra-
ton, but with the refusal to allow
damages to be collected, has made
it difficult to interpret exactly what
the attitude of the court will be
toward these other phases of the
New Deal
in committee and will remain there
until the works relief bill has been
disposed of. Senator Glass, who
heads the subcommittee which is
to conduct the hearings on the
banking bill, refuses to consider it
until the works relief bill, which is
under the Jurisdiction Of another
committee which he heads, is out
of the way.
The President has declared him.
self in favor of paying security
wage, or one that is lower than pre-
vailing wages, but still high enough
to enable the recipients to purchase
the necessities of life. We believe
that the President should be sup
ported in this policy. The payment
of wages by the government equal
to that paid by private industry
has several disadvantages.
Works Bill Sound
Although we favor the payment
of security wages rather than pre-
vailing wages, this should not be
taken to mean that we believe the
works relief bill is the soundest ap-
proach to the problem of relief.
1t appears to us that the diSad-
vantages of this type of relief out
weigh those of direct relief. Those
disadvantages include the difficulty
of finding worthwhile projects, the
necessity of moving men from 10
calities where they are living, and
the development of wasteful prof.
ects in order to provide relief.
A direct relief bill carrying appro-
priations of half of that provided
for in the works relief bill would be
less of a strain on the government
credit, and would be a factor tend
ing to stimulate confidence on the
part of business men. 1t also would
seem advisable and necessary to
segregate the bill into its two COM
ponent portions, namely the $780,
100000, which is being asked for
immediate relief, and the balance
which is wanted for the works re-
lief, or if it should prove more adj
visable the smaller amount for di-
rect relief.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
NET INCOME RISES

pittsburgh Pate Glass To- Reports
Net Income of S5,763.6S4.
b. TfHcs Special
PITTSBURGH. March 15.-GroSS
earnings Of the Pittsburgh Plate
Glass Co. during 1884 amounted 10
s7.4s5.l47 after deducting deprecia-
ton. depletion. and losses and ex-
penseS in connection with property
removals. according to the fifty
fourth annual report released today
Net income for the year totaled
s.. T6S .6S4. compared with S3.9e5 .934
in 1888. Cash dividends declared
during 1894 amounted 70 S3l04.6l4.
compared with Sl49S.563 declared
in the preceding year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Chicago Grain Futures
Produce Markets

Delivered in Indianapolis prices: Heavy
breed hens. I5c. Leghorn hens. lie: COL
ored springers, 13c: heavy stage lie. Leg
horn stays. &c: old ROSTERS. &c; ducks,
feathered and fat. &c: all classes of
guineas. l5c: No. / strictly fresh country
run eggs. loss OF nc Each full case must
pound for each pound under SIS lbs. will
81 made Butter-No l. 80 q 34c: butter
fat. 29c. Quoted by the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Wall st.
Results of Swift
Bond Offering
Awaited.
by RALPH HENDERSHOT-
TImes sneclal MrIter

NEW YORK. March l5.-Swift
~ & Co has fled an application
with the Securities and Exchange
Commission for the sale Of sf3 OO0.-
OOO 37t per cent refunding bonds 70
mature in 1850. The proposed Of
fering Of these securities VIII con-
stitute the first major industrial
financing operation IN months
Joseph p. Kennedy. chairman OF
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Political ManeuUering
Holds Back Commerce
Banking Bill, Works Relief, Adverse Court Rulings Seen
as DeerrentS to Forward Movement
in Trade
BY JULES BACKMAN and A. L. JACKSON,
Editors of Economics Statistics. Inc.

NEW YORK March 15Athough picture of
teal have feeling of
passage
relief bill subsequent
Committee example of disturbing
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

4 FACTOR which many peoI

A FACTOR which many people
IA NAV not have taken into con-
sideration Is the savings which
could be effected by corporations
through refunding outstanding OBJ
legations with new issues at lower
interest rates. u is proposed in
the Swift case to substitute 5 per
cent bonds and notes with a So
per cent obligation. The saving
would be quite heavy.
Savings such as these would per-
init corporations to sell their goods
cheaper. pay higher wages to en-
ployes. and to make larger dis
bursements to stockholders in the
form Of dividends. Any or all Of
these results would. in turn. help
70 stimulate the sale Of goods.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
WATSON is DIRECTOR
OF FLETCHER TRUST
Native of Indianapolis Is Elected at
Board Meeting.

Hugh NICK. Landon. vice chair
man of the board of directors of
the Fletcher Trust Co.. has an
nounced the election of StoWell
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
AIR LINES HIRE 6455
Department Of Commerce An
nounces Employment Statistics.

hW Iires Spool
WASHINGTON, March Is
American-operated air lines had
Sass persons in their employ Jan. l,
according 10 an announcement to-
day by the Bureau Of Air Com
merce. Department Of Commerce.
These included SOB pilots. 24s Co
pilots. 220l mechanics and ground
crew men. 1915 other hangar and
field employees and 1857 operations
and Office employees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Lncn. CASH MARKET

City grain elevators are paving SO cents
for No. 2 soft red wheat. Other grades
on their merits. Cash corn No. yellow,
7s cents. aad- eats - cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
TREASURY STATEMENT

fBy United Press
WASHINGTON. March l5-Government
expenses and receipts for the current
fiscal wear 70 March l3. compared with
the corresponding period Of the previous
fiscal year.
This Year Last Year.
Expenses 81 74s. S73 239 IS 81 502. All 802 Is
Receipts. 2s27167. 35T So 2.O35. O93 319 10
Deficit -. 2 1922. SIS. s51 n 2467 375 483 IS
Cash bal. 2O75. So 47s755l $40 80
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

could be imagined. Permanent ex-
pansion Of industry can not be
financed on commercial bank loans,
and such expansion IS needed 70
relieve the unemployment sltua-
ton. the heaviest load business
and taxpayers now have to carry.
The stage would seem TO be set
FOR the resumption Of corporate
financing. At any rate. the time
would seem 70 be OppOrtune II the
political situation were cleared up
sufficiently for business people and
investors 70 be able 70 gauge the
prospects for a reasonable distance
INTO the future. The money for
expansion is available. and Mr..
Kennedy has cleared the way, ap-
parently. for its use.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
What Does IT Mean?

Debentures-These obligation, virtually bonds, are
an evidence that the holder has loaned certain sum-
HoeUer most the loan is not secured By spec
ifed assets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15

Il YER since the passage Of the
L sO-called Truth IN Securities
Act corporate executives have been
afraid 70 borrow and investment
bankers have been afraid 10 act as
the agent between the borrower
and the lender. The lenders like
wise have been hesitant about IN
vesting in securities.
But by interpreting the act as
literally as possible Mr.. Kennedy
has relieved the lear of the borrow
ers and the agents to a very ma
terial degree. and the plethora OF
money and the lower trend Of in
terest rates have forced those with
surplus funds into the investment
field.
Uncertainty over the business
and financial policies of the Ad-
ministratiOn and Congress may
cause investors 70 continue to hold
back TO some extent. For that rea-
son primarily there Is a chance
that the Swift issue may not 60
over as well as might be hoped.
Moreover. the rate on the issue IS
relatively low. This may be i'm
proved. however. by a discount in
the price when the issue Is placed
on sale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
Money and Exchange

INDIANAPOLIS STATEMENT
Hearings .....-............s 50. 1872 600 90
,ebits ........-. ..-.-.-...... 6.5I9 900 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-15
N. Y. Bonds
Reprinted from Yesterday
DAILY BOND INDEX

U. S. GOVERNMENT BONDS
(By Fenner & BeaneD
Liberties
Evening star., 1935-07-31
DEMOCRATS CITE
SUPPORT BY c. 0.P.
Point to Republicans Who
Helped Pass Wagner Bill,
Hit by Fletcher.
By the Associated Press,

81 the Associated Press.
The Republican projection of the
New Deal VS.. the Constitution" as
q 1896 campaign issue evoked ridicule
and praise from political stalwarts in
the Capital yesterday.
Senator Robinson, Democrat, OF
Arkansas, vas the medium through
which the Democratic National Com
nnittee made a chiding reply to Re-
publican Chairman Henry P. Fletch-
er's radio talk.
Fletcher said meanwhile the. time
had arrived for the American people
to take stock Of how much real re-
covery" the New Deal had brought
In a "foreword" in the National
Committees new publicity sheet,
Facts and Opinions, Fletcher said:
This question becomes all the more
pertinent in view of the fact that
President Roosevelt is an avowed can
didate for denomination and re-elec-
ton
Fletcher asserted Democratic spokes-
men already had opened the Roosevelt
campaign and from now on the Presi-
dent must be adjudged as a candi-
date and his record as properly open
for inspection"
Listing Republican Senators who
voted for the Wagner labor bill, one
Of the measures cited by Fletcher in
his argument that the administration
is trying to "subvert or pervert the
Constitution" Robinson said:
"As a Democrat, I am not surprised
at the Republican Chairman declaring
my party as lawless, wicked and gen.
orally vicious, but must protest that
Mr.. Fletcher should not assail honored
members of his own party"
In the Senate, however, replying to
q speech which Robinson made re-
Gently In Arkansas, Senator Hastings,
Republican, of Delaware, called the roll
OF Democrats who had voted against
the administration this session.
Meanwhile, in the House, Repre-
sentative Fish, Republican of New York.
charged the administration with re-
pudiating the Democratic platform
and rushing through unconstitutional
legislation.
I'm beginning to believe I'm a lit
Tie better Jeffersonian Democrat than
some New Dealers" Fish added.
When Fish concluded, Representa-
tive O'Connor, Democrat, of New York
suggested getting down to business
latter we have been SO thoroughly
castigated by that great Jeffersonian
Democrat from that great Jeffer-
sonian country, the banks of the Hud-
son.
Asserting that "a Republican STOP
gap chairman needs no legal back
ground to arraign Democrat admin
1stration." Robinson said:
II notice that among those who
voted for this (Wagner) bill is that
wild radical, my friend Senator Bar
bour, Republican, of New Jersey. Also.
Senator Borah of Idaho, whom his
fellows of the G. o. P. describe as
the greatest constitutional lawyer in
the Senate: Senator McNary. Re-
publican leader. who some people
think will be the Republican nominee
Tor President next year, and that fire.
brand, Senator White of the reckless
old State of Maine. I might add
Capper of Kansas, Hiram johnson of
California, La Toilette, Shipstead, and
Steiwer of Oregon
Evening star., 1935-07-31

Monthly precipitation in inches In t
Capital (current month to date):
, 1935-09-02
The W. rld
At a Glance
BY LESLIE III
Central Press Staff Writer

NEW YORK, Sept. 2.-This part
OF our era may lie known as the
Period OF the Failure Of High Prices.
Hitherto, high prices have been
synonymous with prosperity" 90
day we have the return Of high
prices-in the stock market, or
commodities, for nearly everylh\s
except land, and land, cnce II E
forecloSed into fewer hands, may
follow.
And, today, except for the privil-
eyed few, there is neither prosper
ity nor security.
The many still are bruised and
walking in darkness.
II President Roosevelt faces larger
and larger cppositionistic votes al
the polls, Ii will not be because he
desires an amendment to the cons
titution or because he taxes wealth
or even the man Of intermediate
means. but because the disparity be-
tween income and outgo grows
worse and worse.
Cast aside all other iSsues-since
there Is no deeply emotional issue
in the United States-and you viii
come closest to the truth.
This writer has talked TO scores
Of persons in all walks OF life, and
the question Of income and outgo Is
by far the NEST important.
The counter cries o. propagan-
dists and politicians are only family
observed.
Neither republicans nor demo-
crats-nor progreSSiveS. either. for
that matter. offer any solution OF
tn price problem.
The republicans were as eager as
the democrats TO bring prosperity
by price rises. no matter by what
procedure. And they both went
ahead no matter by what procedure.
And. now, even prior &c the ma
tional election. President Roosevelt
will be faced with the question:
What shall we do economically
now?"
AI~ry Remain UnprccIctive
Surely. whe' her a man be tory or
radical, capitalist or worker. he can
see that when a fifth OF the popu-
latinn remains unproductive cit
probably is more). that when prices
are maintained through unnatural
manipulaticns and government
spending land republican state
governments are spending rs much
as a democratic national govern
ment), then prices have a hollow
foundation.
Whatever wealth accrues will ac-
crue into fewer and fewer hands.
And that spells danger for the
few. For the many will demand that
the government take II.
We are told by one school OF o
nomists that the solution Is a .
operative naticn. That Is anathema
TO private business. large and
small.
We are told by another school Of