davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
Chicago Stocks
tBy Abbott. Proctor d Paine)
FRUITS AND VEGETABLES

fBy United Press
CHICAGO. June 7.--Apples-Michiga
Spies bushel baskets. 81 50n2. Carrots
Western crates. doz.. sl.25l2. Turnips
Missouri bushels. 50G60c Sweet pota-
toes-Tennessee bushels 65G soc. Lettuce
lettuce-Illinois, lob cartons. Csc Beans
Louisiana bushels. s125Gl75. Cabbage
Tennessee pony crates. 60ds0c. Peas
Tomatoes-Texss Tugs. sI256I5O. Spin
ach-Illincis bushels, 25l35c. Asparagus
Illinois square crates. doz.. 40fl CSC.
Rhubarb-Illinois 40-lb. cartons. 60965e.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
Produce Markets

Delivered in Indianapolis prices: Heavy
breed hens. l5c; Leghorn breed hens. 14c;
heavy breed cocks. &c; Leghorn breed
Ice: Leghorn broilers. 2 lbs. and up l5c:
Bareback broilers 13c: ducks. full feath-
cred and fat, &C: geese. full feathered
and fat. &c. No. l strictly fresh eggs loss
off l9c. Each fun case must weight IS lbs.
gross. deduction of 10c pound under
s. lbs. will be made 3utter-No l. 25f1
Co
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17

IN the financial
hall Of fame
G o n ditIOn
statements and
income accounts
or corporations
have been just 50
much Greek 70
the vast army %
investors in this
country. hey
have been about
as informative as
doctor prescUp-
tons. In fact
they have been
r- rnrnrF IN
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
Wall st.
Kennedy Takes On
His Toughest Job
of All.
BY RALPH MISUNDERSTOOD
Times Special Writer

NEW YORK. June I7.-Joeeph
y P. Kennedy. chairman OF the
Securities and Exchange Commis-
sion. seemingly thrives on finding
solutions 70 difficult problems. The
latest 100 he assigned himself IS TAX
ing the technical knots out Of cor
pOrate financial accounts. II he
succeeds he vii have earned a seat
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
FRESH ATTACK
ON COLD CASES
BELIEVED NEAR
Large Taxpayers to Offer
Metal Clause Treasury
Notes in Payment.
lcoD7rlrh.. 1895 0v United Press


WASHINGTON. June 1.-THE
Administration faced initial Skin
mishes Of a new attack on the con-
Stitutionality of its gold program
today in three large cities. Agents
for at least four large taxpayers.
the United Press wa Informed. will
demand collectors of internal reve-
nue. at New York. Chicago and Los
Angeles accept gold clause Treasury
notes at $3.50 for each 500 of face
value in payment Of income taxes.
Secretary Of Treasury Henry Nor
genthau Jr already has instructed
his agents to refuse to accept pay
ment on this basis. Another New
Deal legal tangle is likely to be
started on its way TO the United
States Supreme Court.
CHIEF counsel Of the four protest
ing taxpayers is a Washington law
yer. Robert II. Jackson. former Dem
ocratic National Committeeman from
New Hampshire. Some other tax
payers also are contemplating sim
liar moves.
Gold Value Raised
The Treasury notes were issued
prior to the reduction in the gold
content of the dollar. They bear
the clause that they are redeeemable
in gold dollars of the weight and
flnenesS prevailing at the time Of
their issuance. When the govern
ment reduced the gold content of
the dollar last year to Is 5-21 grains
from 258 grains the gold" value of
a 500 note was automatically in
creased to S169.
The Supreme Court ruled last
February that private gold bond
holders could not enforce the gold
clause and that holders of gold
clause government securities could
collect the new gold equivalent only
if they could show an actual loss.
The present tangle goes beyond
issues in the Supreme Court cases.
The taxpayers contend the law per-
mits the payment of taxes with ma
turing government obligations.
Mr.. Jackson refused to comment
upon his strategy. Presumably his
clients. upon Treasury refusal to &C
cept their offer. will file suit in the
Federal Court against the individual
collector for recovery of over paid
taxes"
May Refuse Payment
AS an alternative the taxpayer
may refuse to make payment except
on the $3.50 for 500 basis, leaving
collectors to take legal steps to en-
force payment.
In the latter case the collector
would issue a diStraint warrant and
take the case to the United States
Board of Tax Appeals. from which
it may reach the Supreme Court. In
the former case it would reach the
Supreme Court directly through the
Federal Court.
In a pending gold case before the
United States Court of Claims the
Dixie Terminal Co. claims the gov
eminent should pay the 60 per cent
premium" in present money on in
terest payments on a Fourth Liberty
Loan bond.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
Last Year

bF OLITtU fItSST
WASHINGTON. June l7.-Government
expenses and receipts for the current fiscal
year to June IA compared with the cor
responding period of the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17

Interpretation. The druggists have
been able 10 understand the pre-
scripuons. but outside accountants
never have been able TO get an &C
crirate picture Of a corporation s
financial condition from its bal
ancc sheet.
Indications are that Mr.. Ken
urdv VIII be only partially success
I'M in his new venture. He should
b. able TO make a good showing on
income accounts. but balance
sheets 10 not lend themselves To
simplIfcatiOn beyond that Of the
terms used. The figures behind the
terms are matters Of judgment for
the most part. and. as every one
knows. judgment Is a variable
thing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
Well Compilations at Peak

Oil ,ccI competitions east Of the Rocky Mountains :"
May totaed 1876 ne,0 high record The numoe' rep
resented an increase Of goo ouer the preceding month
The Fest Teros field led ,cith 52S competitions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17

LOCAL CASH MARKET
City grain elevat0ys are paying 10 cents
for NO. soft red wheat Other grades on
their merits. Cash corn No. 3 yellow.
70 cents and oats 20 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17

DUT he Is bound to run into
ID difficulty If he attempts 70 set
up appraisal practices. In that
event he viii be called upon 10 say
whether property should be valued
for bookkeeping purposes at orig
inaI cost. at replacement cost or at
lis income producing worth. PrOba- 70
ably an average Of the three would
be most suitable. but a figure de-
termIned in that way even would
not be accurate.
Perhaps II he we're 10 get cor
pOrste executives TO express in
their annual reports some Of the
broad policies they used in setting
up tner balance sheets II would be
helpful. But then. again. he would
run once more into the question Of
judgment What would appear TO
enc group OF executives as cOnserv-
alive might not seem so 20 an
other group.
This department wishes him luck
i'm his under. aking and. at the same
time offers him its sympathy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-17
MOREOVER. judgment Is not
wi aluars used In the interest

MOREOVER. judgment Is not
WI ALWAYS used in the interest
Of accuracy. Policy plays a part.
one set Of business executives Will
decide they should write everything
down 10 the bone IN order TO be
uItra-conservative They will carry
plants at only a fraction Of their
cost. Others will not even 60 TO
the trouble OF irving 10 place a
value on plants and property be-
ing satisfied merely with an arbi-
trarv figure.
The stakeholder. who IS really
the owner Of the property. conse-
Guently can get no accurate idea
Of how much his investment Is
worth. He determines value by the
income he receives from a given
investment. not knowing what pro-
portion Of earnings this income
represents.
With the assistance OF expert &C
countants whom he has called IN
10 help him Mr.. Kennedy may be
able to arrive at some reasonably
uniform method OF accounting
practice. He may be able to set up
practices which can be accepted
generally as being conservative
without being misleading. And he
may be able to get corporations to
use terms on income accounts and
balance sheets which Will be I'M
dcrstoOd By the man IN the street.
That. of course. would be very
helpful.
Evening star., 1935-09-20
Sterling Eases,
French Franc and
Cuilder Recover
BY the Associated Press.


The pound sterling was a little
lower against the dollar today while
the French franc and the guilder re-
covered somewhat in terms of the
American currency.
In New York the pound was u of
cent lower at s4917s. following
earlier transactions in London in
which trading ruled in favor at the
dollar. The closing rate was al the
equivalent OF 4.91 1916 to the pound
In New York the French franc was
.001s Of cent higher at 6.58a. cents.
Previous dealings in Paris brought
closing rate for the dollar which was
the equivalent of 6.586 cents to the
franc.
Steadiness in the guilder reflected a
momentarily better feeling over the
outlook for the Dutch fiscal outlook.
The currency rose .O4 of a cent to
67.59 somewhat above the gold ship
ping point.
PARIS, September 20 P.-Three
per cent rentes, T6 francs, IS cent
lines; Az per cent rentes, 1886.
Exchange on London, 74.71. The
dollar was quoted at 15.1814.
Evening star., 1935-09-20
Bus Orders Break
AH-Time Record:
Backlogs Mount
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 2o.-With
three months still remaining on the
1885 calendar, orders for motor busses
are breaking all records, the magazine
Bus Transportation will report in its
forthcoming issue.
For the first nine months Of this
year" it is stated in the report, "bus
deliveries have averaged better than
so per cent ahead of the same period
last year, and 1884 was the best year
since 1880, with production that ex-
ceeded the combined output of 1882
and 1888 together. Further. orders
are running away ahead of deliveries,
and most bus manufacturers have a
backlog of untitled orders that will
keep their plants running full speed
for the rest Of the year even though
they do not receive another order.
Most of these new busses," accord
ing to Carl w. Stocks. editor of Bus
Transportation, ARE being placed in
city service, where the bus has come
to the fore as a major unit for han
ding passenger traffic
Evening star., 1935-09-20
CLIMB CONTINUED
BY RETAIL SALES
Demand Leans to Quality
Goods-Industry Sets
Faster Pace.
BY the Associated Press.

By the Associated Press.
NEW YORK, September 20.-Dun
& Bradstreet in its weekly review of
business and industry said today that
favorable influences this week enabled
the Fall season to gather momentum.
THE auspicious start which the
Fall season made last week has been
enabled to gather momentum rapidly
under the favoring influences of ex-
panding consumer income and low
inventory positions, the review said
Retail sales continued to rise, with
a wider variety of merchandise in
cluded in the demand, which leaned
strongly toward quality goods.
Rising quotations and under
estimated consumers requirements
forced merchants into wholesale mar
kets to fill broken lines and to cover
as far as possible.
I'm contrast to the declining trend
year ago, industrial operations were
set higher"
The survey found that the out
standing gains of the week in the
retail field were scored by women's
wear, mems clothing and hats, dry
goods and shoes.
Although trade turned slower in
some districts with the advent of
warmer weather, the survey said, the
average gain for the country ranged
from % to % per cent over the CORE
spending period of 1884.
In wholesale markets gains were
found up to rs and 80 per cent IN
many divisions, while orders as a
whole thus far this season were esti-
mated at 8 to 20 per cent in excess of
year ago.
Industrial operations for the week
averaged 40 to so per cent higher
than a year ago, with a number of
manufacturers reporting increases in
working forces, while others en-
barked on heavier production sched-
uleS that are expected to last we'll
into the Winter" the survey stated.
Evening star., 1935-09-20
FASTER PACE SET
AT COTTON MILLS
August Rate of 76.4 Pct.
Compares With 1875
Mark in July.
BY the Associated Press.


The cotton spinning industry was
reported today by the Census Bureau
to have operated during August at
76.4 per cent of capacity, on single
shift basis, compared with 1875 per
cent in July this year and 1853 per
cent in August last year.
Spinning spindles in place August
81 totaled 30,014,994, of which 22,-
046,6 were active at some time dur
ing the month, compared with 30,-
110,078 and 22,312,384 in July this
year and 3O,951 800 and 24153, ,998 in
August last year.
Active spindle hours for August
totaled 5,545.241 ,375, or an average of
185 hours per spindle in place, COM
pared with 5,157 ,527 ,985 and I'll in
July this year, and 5,752,899,618 and
186 in August last year.
Data for Cotton States.
Spinning spindles in place August
81 in cotton-g growing States totaled
1888 ,046. of which 16,274.032 were
active at some time during the month,
compared with 19,340,858 and 16,-
265.210 in July this year, and 1885,
1856 and 16,759,662 in August last year.
Active spindle hours in cotton-grow-
ing States for August totaled 4,323,-
BAL ,849, or an average of 224 hours per
spindle in place, compared with 3,977,-
811, ,450 and 206 in July this year, and
4.26l ,O38,33l and 220 in August last
year.
Marked Revival Forecast.
NEW YORK, September 20 (Spe-
ciaD notwithstanding uncertainties
created during the Summer by the
abrogation Of N. r. A. codes, adverse
lower court decisions on the process
ing tax and prolonged delay in an
nouncing the new loan policy on cot
ton, indications are that the textile
trades will enjoy sound and marked
revival in both operations and profits
this Fall, according TO a current sur
vey by the Standard Statistics Co. of
New York.
Excepting only a relatively few
small mills, the majority OF textile
units have retained code regulations
on maximum hours of operation and
minimum wages, and no early break
down is likely Compromise pro-
visions in sales contracts have been
adopted to offset the possibility of an
adverse Supreme Court decision on
the cotton processing tax, while the
reduced loan on the present cotton
crop has permitted lower raw material
costs for cotton mills.
Fall Buying Broadens.
Elimination of these unsett!ing in
fiuences. together with the unusually
low level of inventories in distributor
hands, has led to a broad buying
movement for necessary Fall require
mentS, and a strong textile demand
at least through October is expected.
The general textile price structure
likewise should remain firm to slightly
higher.
As compared with the June low
point, it is estimated that textile ac-
tfvity will expand about 20 per cent
by the end of October. For the four
months ending with October a COM
parative yearly gain OF IS per cent is
indicated.
Evening star., 1935-09-20

NEW YORK. September 90 P.-For-
eign exchange irregular. Great Britain in
demand, 4.917s; cables. 491s; 60-day
bills, 49O7s. France demand. 6.5s34:
cables. $685.. Italy, demand. s.131a;
DemandsNBelgium. 1887: Germany.
free, 4O.21; reg. tourist 27.25; reg. COM
merciaI, 2O35; Holland 67.72;. Norway.
"A. ~; Sweden. 25.37; Denmark, 2l91;
13 .66; Portugal. 4.49; Greece .94h: Po-
land 1897; Czechoslovakia, Ala: Yugo-
slavia. 2 20; Austria. l8.97n; Hungary,
Brazil. s5sn; Toxic 2s.72: Shanghai.
3s.62a Hongkong 5l.121z; Mexico CITY,
~ 90; Montreal in New York. 9S.93s4'
New York In Montreal. 101.06h.
Nominal.
Evening star., 1935-09-20
CURB CLOSES DAY
WITH WEAK TONE
Losses Among Favorites
Range From One to About
Four Points.
BY the Associated Press.

BY the Associated Press.
NEW YORK, September 2O.-Al-
though there were some partial re-
coveries in late trading today, the
Curb market displayed a weak tone
at the close. Losses among the leaders
ranged from l to around 4 points.
Creole Petroleum was an excep-
ton with gain of ~ points at 2OA.
Swift International also edged up a
fraction at 292.
Among the more active casualties
we're Sherwin- Williams at 107l2,
Parker Rust Proof at 3912, Newmont
Mining at 575s, Great Atlantic & Pa
cific at 1919, Humble Oil at 53la
and American Gas g. Electric at 32$i =.
Evening star., 1935-09-20
U. S. TREASURY POSITION.
BY the Associated Press.

The position OF the Treasury on Sep
tember Is was; Receipts. SlO7 14S,O46 Og:
expenditures. Sl09 ,305.9ss.3O balance.
l.91O 41O,639 40; customs receipts for
the month, S16,647I57. "A.
Receipts for the fiscal year since July
174,79l "A Including S795 761, 1,34S7I Of
emergency expenditures; excess of ex-
pendtures, S1J4 .35g .g23.l3; gross debt,
92S50 under the previous day; gold assets
S9,239.I26 1896.
Receipts for September ! O.. 1894 tcom-
parable date last year., Sl67 4S4 642. .3S;
expenditures, Ss7,92s. S34 SO; net balance
S2,254 ,O7S,206 0S; customs receipts for
the month. S23,770,934. 20.
Receipts for the fiscal year, Ss7O,O77. :
1including S525,442,Sg7 80 Of emergency
expenditures; excess OF expenditures
s46S,754, S92 81; gross debt S27. l7s. 800.
725.S0 gold assets, S7.972 305.499.40.
Evening star., 1935-09-20
DIVIDEND INCREASED
BY SUPERVISED SHARES

Special Dispatch 20 The Star.
NEW YORK, September 2o.-Di-
rectors of Supervised Shares, Inc,
have declared regular quarterly dis
tribution of 1.3 cents a share, payable
October is to stockholders of record
September 80. In the previous quarter
IL cents was paid.
Evening star., 1935-09-20
FOREIGN MARKETS.
BY the Associated Press.

LONDON-After an uneasy forenoon
session of the Stock Exchange. during
which British funds declined / to ll2
points. the market developed q better tone
and prices recovered partially. The re-
repurchased with trans Atlantic issues
participating in the ADVANCE. Another re-
lapse later in the session depressed prices
to the lowest of the day and the market
closed weak.
PARiS.-Prices on the Bourse today
were irregular and heSitant, traders
awaiting developments of the interna
tional situation. Rentes advanced frac;,
tionally, while industrial and international
issues moved irregularly. The market
BERLIN.@Prices on the Boerse con-
tinued their downward trend with ir-
resularity developing. The closing tone
was weak. &
Evening star., 1935-09-20
COAL PRICES ADVANCED.

NEW YORK. September 20 LP).-
Some of the larger anthracite pro-
ducers are reported to have advanced
prices on certain sizes from Is to so
cents a ton. effective October /.
Evening star., 1935-09-20
Washington Exchange
SALES-AFTER CALL.

Capital Transit Coo at 1874, 10 at
1874, 10 at 1914.
Anacostia & Potomac R. R. guar. SIS
$1,000 at 1912. $1,000 at 1912.
Riggs Bank com-l at 2l0.
Capital Traction $500 at 96s1.
Evening star., 1935-09-20
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
MISCELLANEOUS
STOCKS.
PUBLIC UTILITY.

Amer Tel & Tel. 'l371s -
Capital Transit Co. d. Is 1;
N. L. W. Steamboat t6)--- SO -
Pot. Elec. Pow. 6eo .pfd (6)- 109H -
Po. Ell Po. 5hR pf. t5.50)- 11234 Ii:
Wash. Gas 1t. Co. t3.60l--- so -
Wash. Ry & Elec. Co. 12)- 325 -
Wash Ry & EIec pfd. (5) los
Evening star., 1935-09-20
NEW YORK, September 20 R.-New
York Security Dealers Association:
Quotations as of 9 O'clock
FEDERAL LAND BANKS

NEW YORK. September 20 GP.-Fed-
eral Land Bank bonds:
Quotations as of o'clock)
Evening star., 1935-09-20
INSURANCE STOCKS

NEW YORK, September 90 lP-New
YORK Security Dealers Associa ton:
Evening star., 1935-09-20
Gu r B
N E.W YOR X

Stock and Sales 4
Dividend Rate. Add 90. High. Low. Close. |
Emp G&FS% pf zoos rs "a rs
Equity Corp ID 2h IA |
Eureka Pipe L(4) sos 34Is BAN 341s |
E,uronaan n Flee
Evening star., 1935-09-20
INVESTING COMPANIES

,, NEW YORK. September % lP.-New
YORK Security Dealers Association:
Evening star., 1935-09-20
By private wire direct to The Star.

Stock and Sales
Dividend Rate Add 90. High. Low. Close.
Adams Mills
Evening star., 1935-09-20
FOREIGN EXCHANGES.

(a) Including extras
(e) Declared or paid so far this year
Evening star., 1935-09-20

ww-With warrants. xw-Without war
rants. New. wi-When issued. %
(Stp)--Stamped
sNegotiability impaired by maturity.
tCompanies reported in receivership.
Evening star., 1935-09-20
Stock and Sales

last quarterly or semi-annuaI nsyments
IAnnuai rate-plus extra tAccumuiater
olVldendS aPaid this year bPaiu last
year accompanies reported IN receiver
ship OF being reorganiEed xEx dividend
Henderson daily dispatch., 1935-08-22
THE WORLD WAR 20
YEARS AGO TODAY

Aug. 22, 1915-Italy declared war
on Turkey.
Far more important to the U. S.,
nowever, was the fact that the acti-
vities which made DR.. Constantin
Dumba, no longer acceptable as am
hassador of Austria-Hungary came to
light.
On a tip from British spies in New
York, authorities at Falmouth, Eng
land. submitted James F. J. Archi-
bald. an American war correspondent,
20 a search when his ship the Hol-
and-America liner Rotterdam, stop
ned there on it's way to Rotterdam.
m his baggage they found a number
# confidential communicatiOns from
he Austro-Hungarian and German
ambassadors in Washington to their
lone governments. ->.-. -~,--
One of the letters, written in
Oumbas own hand and addressed to
lis minister of foreign affairs, out
ined and recommended a plan for
he Bethlehem steel and munitions
'actorjes as we'll as in the Middle
West"
This di@covery of a plot by a for
,ign envoy to hestir trouble in the U.
\. and end amunitions shipments to
he Allies was not revealed to the
public until September, when Presi-
lent Wil"on demanded the ambassa-
lor's recall.
Henderson daily dispatch., 1935-08-22
NOTICE.

BY virtue of authority contained in
that certain deed of trust executed by
]. E. Baxter and wife, Helen Baxter,
dated the 29th. September, 1880, of
record Book 162 Page 2O8 Vance Re
gistry, default having been made in
payment Of debt therein secured and
upon request of the owner and holder
thereof, the undersigned will offer for
sale at midday on Saturday the 31st
day of August 1885, at courthouse
door in Vance County for cash at
public auction to highest bidder, the
following described real property, viz;
All that certain lot or parcel of land
in southern suburbs of Henderson
fronting on a street and being 11O
feet deep adjoining lots Nos. and
and being the Identical same land
contained and described in Iced from
l.. A. Davis, ct ais, dated goth. Sept
1917 to ]. E. Baxter of record Book 70
Page 299 Vance Registry.
This 1st. August 1885.
D. P. McDUFFEE,
Trustee.
Henderson daily dispatch., 1935-08-22
NOTICE.

By virtue of authority contained in
that certain deed Of trust executed by
S. P. Cooke and wife, Elvira B.
Cooke, S. T. Cooke and wife, Marion
Cooke, dated the 9Th. of April 1884, of
record Book 172 Page 412 Vance RV-
gistry, default having been made in
the payment of the debt therein Sc
cured and upon request of the owner
and holder thereof, the undersigned
will offer for sale to the highest bid
der, ct public auction, for cash, at
courthouse door in Vance County at
midday on Saturday the 31st. day of
of August 1885, the following describ-
cd real property, viz:
Begin at stake 600 feet south 26 E.
at corner of lot No. % on East avenue
shown on plat of Young property
made by Petree, and run thence S.
26 E. 100 feet along East avenue to
stake, corner of lot No. 26 shown on
said plat; thence S. 81 w. 200 feet
along line Of lot No. 26 to stake, w.
w. Parkers corner lot No. 20; thence
along Parker line (lot 29) N. 26 w.
100 feet to corner Of lot No. 30, said
Parker corner; thence along line OF
lot No. 80 N. 81 E. 200 feet to stake
on East avenue, the place of the be-
ginning Less lot 35 feet by 100
deed to S. T. Cooke and wife and S.
P. Cooke to Ola Jones, by deed duly
recorded in Book 167 Page 81 Regis
ters office Of Vance County, N. c.
This 1st August, 1885.
M. w. WESTER, Trustee.
D. P. McDuffee, Attorney.