davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
WEAKNESS ABROAD
UNSETTLES GRAINS
Wheat Declines IL to | IA
Cents in Early Dealings.

By United Press
CHICAGO, April 15.-Wheat
prices weakened in sympathy with
Liverpool today on the Board of
Trade. Corn and rye were also
weaker while oats were about steady.
At the start wheat was z to IL
cents lower, corn was off z to rs
cents, oats were a cent lower to Is
cent higher, and rye was e to l cent
lower.
The trade paid little attention to
reports of severe dust storms in the
southwest yesterday, but was in
clined, instead to follow the Liver
pool market which was weaker
throughout the day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Produce Markets

Delivered in Indianapolis prices: Heavy
breed hens, Ice; Leghorn hens. lac;
broilers 2 lbs. and up. zoe; Leghorn b~roilers.
2 lbs. and up, Tic; barebacks b%roilers: 13ci
cocks and stays. &c; Ducks full feathered
&C.. All claSes Of %guineas, l5c; No. l
strictly fresh country run eggs, loss of
l9c. Each full case must weigh 55 lbs.
gross a deduction of 10c a pound under
SIS lbs. will be made. Butter-No. ]. SO
By United Press
sts CHICAGO Gent A2299i a41 d l5mEs sxtTs aTsft
dirties. 2o54c: checks .2oisc. Butter~Mar-
ket. steady; receipts. 1928 tubs; extra hrsts
l9o-9lla scorsl. s2ig 4s2a4c: extras ~
ssS So! sec Ssri mss 1ssS87 $500 Scores Scole sii'a3s1ltc:
specials, Bi2@34c; standards, 33c. Poultry
Market. steady; receipts. 81 trucks. =
cars. 5 cars due; capons. 25a26c; hens 20
turkeys. 23G27c: old ROSTERS. 14izl5i2c;
stays. no quote: geese. l3qi4c: Leghorn
hens. 19c. cheese--Twins. i6itIl6izc'
daisies, 1694dl7c;. L%ongAorns,. 1879 al7c.
Potatoes-Old stock: Supply limited; de-
mand and trading slow; market unsettled:
Wisconsin round whites. 90N95c. CON-
mercial. 77i2c: Minnesota Russet Burbank.
1.25; Nebraska Bliss TriumDhs. 50. 40a 2 50,
trading limited. market steady; Florida,
bushel crates. Bliss Triumphs washed.
s3.25. Arrivals, 228: Pm track. 424: ship
ments Saturday $50.
CLEVELAND. April i5.-Butter-Market.
Market. steady: extra whites. 23c; current
fowls under 6 lbs. 23c: ducks. young 24a
sias q aq iooslb. O BAG: 2 oSio b Posa' @ostiy s6s
Use; New. York. 65G75c; Florida. s2.75G
? IS a bushel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
new OFFERINGS
ENCOURAGE SEC
Congratulated Break in
Capital Markets Seen
at Hand.

BY CHiIGu Press
WASHINGTON, April 15.-Addi-
tional applications for registration
of new securities convinced Security
Exchange Commission officials to-
day that the long-awaited break in
the frozen capital markets is at
hand.
The latest application was by the
Union Oil Co. of California for reg
istration of $i3, 500, 900 in new is
sues to refund 5 per cent debentures
with new obligations bearing Ia to
4 per cent interest.
The action followed similar steps
to refund obligations at current
lower interest rates by such large
companies as Swift & Co., Southern
California Edison Co. and Pacific
Gas and Electric Co.
Three other major concerns,
ChrySler Corp, Standard Oil of
New Jersey and Socony-Vacuum
Corp, have attempted to reduce
their interest charges through re-
placement of approximately $780,
100000 in long-term bonds with
short-term bank loans at lower
rates.
The Union oil issues consist of
$4,000, 900 in debentures due be-
tween 1886 and 1910 at interest rates
ranging from IL to 81 per cent;
OF Enn mn &c 10 $685.
vertible debentures due 1947 and
100000 shares of common stock re-
serves for issuance upon conversion
of the latter issues.
R. D. Matthews, vice president of
the company, said the concern
would convert its present 5 per cent
debentures maturing 1915 on June
l, 1885. They will be redeemed at
1O2, plus accrued interest, he said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
NeW York Curb
(By Abbott. Proctor & Paine)
- 49,
FRUITS AND VEGETABLES
Try Trnitnd prassl

CHICAGO. April Neutrality-suspicious.
thans. 81 .5oGi60. Carrots-Western crates.
s dozen. s2-25M275 Turnips-Iliinois ana
Tennessee. bushel. IS soc. Indiana. si.35
GI40. Lettuce-WeStern crates, $3.50
3.75. Besns-Florida. bushel. sITl.50.
Cabage-California. crates. $3.50. onion
Sets-Illinois. Michigan, sacks a bushel
50: yellow. S3.50G375. Peas-California.
bushel hampers. s3G325. tomatoes
Florida. Tugs. slG2. Rhubarb-Michigan.
5-lb. cartons. sOG soc; Illinois. 40 lbs. So.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Hides and Skins

Hides-Green country COWS and steers
ziac fiat; green country bulls and CLUES,
SC fat: green country calf hides. SC fiat:
green country kip. &C: No. l large horse
hides with fun heads. shanks. names and
tails. $3.50: Medium size. 81. All MOI 2
grade horse hides. soc less: Clues and
ponies half price. No. / rendered tallow.
5G5i7c: No. ? at value. Yellow grease.
A. q Sc: dark grease. 404izc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
BOOKED
FOR BIG PLACE
IN SPECULATION
Shortage Leads to Futures
Trading; Importations
Disturb Status.
BY ROGERS
Times Special Writer

NEW YORK, April 15.-Disor-
%ganization of American agriculture
through operation of AAA regula-
tons and the natural agencies Of
drought and changing demand have
brought mar new farm products
into the speculative markets. Butter
provides an interesting sample of
this trend.
Before the depression butter was
largely a spot market commodity.
and the only speculation in it was
among a small group Of cold sto-
rage warehouse men, merchants and
brokers.
In the current era butter is one
Of the more actively speculative ma
terials, and a large turnover of fu-
ture contracts for the commodity IS
recorded in various markets daily.
Stocks Dwindling
Trading volume in butter has been
particularly high recently because
prices have been rising rather stead
lily and visible stocks in the ten
leading warehouse cities Of the coun-
try have dWindled to about 1900 COO
pounds from 100000 pounds a year
ago.
United States, in fact, is low and
has been for some time, in the
throes Of a butter shortage. Since
Jan. l about 11,OOO,O 900 pounds have
been imported from New Zealand.
Argentina, Australia, Denmark, Swe-
den, Lithuania and Siberia.
The reasons for these importations
and the current small stocks show
the same complicated and disor-
dered agricultural economy that has
upset American and world markets
Tor wheat, corn, cotton and MANY
other farm products.
Herds Reduced
Dairy herds as of Jan. 1 tota1ed
100000 head in the United States.
Which is 100000 less than the
country had a year ago. Death of
animals through drought, slaughter
because of high feed prices and re-
duction of herds on AAA produc-
t~lon-control regulations brought
this about.
AS a result, production of butter
in the first two months of this year
aggregated 1877, 900, 900 pounds. COM
pared with 900, 900 ,OGO pounds in the
corresponding period of 1884. March
butter production here has been
estimated at IL per cent under
March, 1884.
Purchases for Relief
On top of this drying up of but
ter production at the source the
government purchased 10000. 900
pounds of butter last fall and has
been doing it out through relief
agencies.
The machinery of distribution in
the butter trade has been operating
d~iSjointedly through it's lack of
adjustment to these changed con-
ditionS. Chicago, for instance, was
always butter distributing head
quarters until this year. Stocks in
Chicago o are under stocks of
New York City. The growing VOL
ume Of importations is responsible.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15

City. by Taking Over Citizens Gas Co., Falls Heir to
S6,362, 500 Stock and Bond Debts.
by VINCENT LYONS.
Times Financial Editor

EVERYTHING comes to him who waits. The stockholders of the Ci-
IL zens Gas Co have waited a long time for the city to exercise its right
to take owe their company. Now it appears their dreams, and they must
have been fond ones. are about to be realized. The city has advertised
for bids o IN 100000 bona issue. the proceeds Of which will be used to
retire all of the stock and bond indebtedness of the Citizens Gas Co. and
title to the ENTERPRISE
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Other livestock
(By United Press)

Fl. WAYNE, April l5-Hogs-5c to 15c
So 95: 225-25O lbs. ss.85: 25O-3Oo lbs. $40;
3oO-350 lbs, SO. SIS; 15o-l6O lbs, ss.75; 14o-
$50 lbs. $3.50; 130-140 lbs, SAYS; f20-I30
lbs, S7.75: 100-i20 lbs, S7.25: roughs. So;
stays. Sc. Calves, $3.50; wooded lambs. SO;
clipped lambs, 81.
LAFAYETTE. April l5.-HogEMarket
steady 70 Sc lower; pigs. Csc lower: $780,
2i0 lbs. ssQsIo: 21o-235 lbs. sss0Gs95;
235-275 lbs. SO. 75d8.S5; 275-325 lbs. $3.50
d8.70; 160-180 lbs. SO; 140-l60 lbs. s5.500
s7.O6T75; i00-12O lbs. s6.75GT25;
roughs So down; calves $3.50 down; lambs.
s7.25 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15


IN a group Of
sis business men
your article on
Tuesday con-
corning the de-
STABILITY Of re-
yam ping the
banking business
was read and
discussed. and at
least two Of
those present
were a g
such an idea on
tile ground that
while you write
i%ntelligently you
a-a ~ n-aNrr fol
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
STEEL SHIPMENTS RISE
By Times Special

BV I Ints NptcI1I
NEW YORK, April 15-Ship-
ments of finished steel products by
the United States Steel Corp. in
March increased 84.919 tons to
668,056 tons. the highest total since
June. 1884, the corporation an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15

During 1884 cash declined prac-
tically $1,000. 900, inventories in
creased just slightly, but net work.
ing capital declined 2,450. 900. Sur
plus increased about 500 900. On
Dec. 81 the current ratio was almost
, TO l while the stock equity per
share was Sl2O9. an increase of Z
cents during the year.
Earnings have been on the up
trend during the last three years.
The stock earned 81 in 1888 and
SIPS in 1884. A total of SI,20 was
paid on the stock in 1894. The
present annual dividend rate is go
cents while Is cents cash extra was
paid with the Feb. l quarterly div
idend.
Alaska Juneau was incorporated
in 1897 in West Virginia. The stock
is listed on the New York, San
Francisco and Los Angeles Stock
Exchanges. AT a current price OF
around 1914 the stock sells to yield
almost 32a per cent on its regular
dividend rate and for 1294 times 1894
earnings.
lAl Rights Reserved. Winchester Institute
OF Finance. Winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Walls
Banker Retaliates to
View Recently
Stated.
BY RALPH MISUNDERSTOOD
Times Special Writer

ANEW YORK April 15-Recently
~ your correspondent wrote that
the banking profession had not
progressed as rapidly as general
business IN the development Of new
IDEAS and in the perfection OF the
trade. 4 banker who signs his
name as c. ". p. retaliates IN the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
BANKING LOANS
CONFLICT WITH
NEW OFFERINGS
Pacific Western Oil Report
ed Planning S10,597,OOO
Call Through Credits.

By Times Special
NEW YORK. April I5.-The ex-
tent to which direct bank lending
Is becoming a competitor of bond
financing, due to the somewhat
chronic state Of oversupply in the
money market. became emphasized
today by receipt of reports hat n
OF the expected early refundino
operations had been Side-tracked bv
negotiations headed toward rom
summation of a fve-year bank loan.
The reports involved the Pacific
western Oil Co. and concerned the
prospective redemption Of the COM
pany'S outstanding SI0,597, 500 of Gu
per cent debentures. due Nov. /
l943, but callable at l03 on 30 davs'
notice.
Advices about two weeks ago vera
to the effect that the Shell Union
OIL Corp. had virtually concluded a
zeal aimed at refunding of the de-
bentures with a new issue at a lower
interest rate. the offering to include
a conversion proposal.
Debentures Assumed
The interest of the Shell Union
OH Corp. in the outstanding deben-
lures resulted from a deal. mazda
public late in February, whereby the
subsidiary Shell Union Oil Co. had
assumed SO, OOO. 900 of the deben-
lures as part of the consideration
IN purchase of some of the prom
critics OF the Pacific Western Oil Co
The latter company issued the
bonds in 1926 to the amount oF
Sl5,5OO,000, but S4,869. 500 had been
retired to the end of 1888. Interest
on the outstanding balance. which
constitutes the entire funded debt
OF the operating unit. was earned
l.92 times last year, although earn
lngS did not quite cover charges in
1888.
Bank Loans Cheaper.
The new reports, although not Of
flcial, indicated that proceeds for
the contemplated redemption are to
be obtained by a private loan at
ABOUT 80 per cent, to run for five
years. A Pacific Coast banking in
stitution was said to be the lend
ing agency.
Obviously, this would be consider
ably cheaper than bond rehnancing.
as the coupon rate on a new issue
would be expected to be at least
. per cent. Whereas refunding
through a 5 per cent issue would
have shaved about $159, 900 from an
nual interest charges, the substitu-
ton of a 312 per cent bank loan
would increase the annual savings
to double that amount.
Bank loans have become an in-
c~reasingly important factor in re.
demptlonS, as in the case of the
Norfolk and Western Railway Co..
which is to retire its S35 900, 900 Of
general mortgage as with a CONF
blnatlon of surplus funds and bore
rowlngs from banks. For corpora-
tions that can qualify banks offer
the cheapest lending source, despite
the sharp cut in bond coupon rates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15

City grain elevators are paying 90 cents
for No. ? soft red wheat. Otner grades
on their merits. Cash corn No, 3 yellow.
81 cents. and oats q cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
LEGAL NOTICE
FOURTH LIBERTY LOAN AZ PER
CENT BONDS OF 1888
NOTICE OF FOURTH AND FINAE

u NOTICE.
FOURTH LIBERTY LOAN AZ PER
CENT BONDS OF 1888
NOTICE OF FOURTH AND FINAk
CALL FOR REDEMPTION
BEFORE MATURITY.
To holders of Fourth Liberty Loan
Az per cent Bonds of 1888, and
Others Concerned:
Public Notice is hereby given:
l. All outstanding Fourth Liberty
Loan Al per cent bonds of 1888
Fourth 4hs) bearing serial num-
bers the final digit Of which Is 3 or
4 (such serial numbers in the case
Of permanent coupon bonds being
pretlxed by the corresponding dis
tingdishing letter G or D, respects
ively), are hereby called for res
demption on october Is, 1885, on
which date interest on such bonds
called for redemption will cease.
2. Full information regarding the
presentation and surrender Of Fourth
4As for redemption under this cali
will be given in a Treasury Depart
ment circular to be issued later.
3. Holders of Fourth 4As now
called for redemption on Oct. Is,
1885, may, in advance of that date,
be offered the privilege Of ex-
changing all or any part Of their
called bonds for other Interest,"
bearing obligations Of the United
States, in which event public notice
will hereafter be given.
HENRY MORGENTHAU JR,
Secretary Of the Treasury.
Treasury Department,
Washington, April Is, 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
AMERICAN APPLES ROT
AWAITING FRENCH WORD

Licenses Delayed DUO to Hitch over
U. S. Wheat Imports.
By United Press
PARIS, April 15.-One hundred
thousand crates of United States
apples were beginning to rot at
Havre today as dealers were unable
to unload the fruit because of failure
to receive quota licenses for the
period beginning April l.
French fruit importers say the
government is holding up the
licenses on the claim that the
United States has not imported as
much wheat as was stipulated under
the Franco-American apple-wheat
agreement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15

BY United Press
WASHINGTON. April is.-Government
expense and receipts for the current
seal year 70 April II. compared with the
corresponding period OF the previous fiscal
year
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
NEW PEAK IS REACHED
Auto, Truck Production Amounts ia
109,537 Units in Week.
By Times Special

DETROIT, April REPRODUCTION
of automobiles and trucks In tha
United States and Canada during
the week ended April 6 amounted
to 1O9,537, . new 1885 high, come
pared with O7,895 in the preced~
ing week, according to a report to-
day by Grams Reports, Inc.
Survey of automobile plants dur
ing the week showed that IA re-
manned at the same production
levels as the preceding week, 10 in
creased their schedules, three
showed slight decreases and the as
sembly lines of one were closed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Money and Exchange

INDIANAPOLIS STATEMENT
earrings s2.oos. 900. 90
5.2i5. 600 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-15
Stock Studies

Alaska Junea Gold Mining Co. is
one of the largest producers of gold
in this country. More than e5 per
cent of the company's output is
gold, the remaining being silver and
lead. The company holds $50 claims
in the locality of Juneau, Alaska.
Properties consist of mill sites,
water-power sites with three hydro
electric power plants. Total daily
milling capacity is $4,000 tons of ore.
nATA
Evening star., 1935-06-23

alone typifes the Bay Of Naples Of
folk lore, with its coloring, its music
and song and its people and their
sheer Joy Of living.
Evening star., 1935-06-23
Capri's Q Lovely Rival.

NAPLES, June GA number of
beautiful but seldom frequented
islands in the Bay Of Naples viii this
Summer come into prominence by
special festivals and entertainment
events. Capri, for generations sung In
poetic ecstasy as the Paradise Siren
Isle. which In legend intrigued and
captured Ulysses, had an unsung rival
where Nausicaa lured the mariner and
where he dallied for seven years en-
his homeward journey to his patient
wife, Penelope. This island en-
chantress, almost unknown to Amer
leans, is one of the sparkling gems
Of the Mediterranean, and will this
Summer be brought to the attention
Of foreign visitors by It's gorgeous
folklore festival.
American Export lines plan to ac-
quaint Yankee cruise" passengers
with the festival and the charm of
Ischia, the beautiful isle Of distinct
localized color, unmarried by sophisti-
cation and considered by many to be
the coming tourist rival Of It's famous
neighbor, Capri.
Ischia and Porto d'Ischia, twin doll
towns, are very close to each other.
Clustered around the harbors are the
pink, blue and white buildings, framed
between the blue Of water and the
green Of rising hills. The approach Is
past the famous CASTILLO di 0erone,
perched on lofty, rocky rim Of the
island, and famed as the castle of
the illustrious Vittoria Colonna, the
sixteenth century Renaissance poet
and friend of Michelangelo, who chose
the location as her Heaven on
Earth" Steamers from the north en-
ter the bay to the channel Of Procida,
the turn revealing the small island
dominated by a castle, before Ischia
comes into view, and presents an ami
mated picture Of rising curtain Of
blue sea around the quaintest Of stage
setting, with Ischia in the distance TO
complete the perfect canvas Of early
Naples prints.
Centuries ago Ischia was occupied
by the Phoenicians and the Greeks,
and was at one time the private prop
erty Of Emperor Augustus. Ibsen and
Renan have lived on the island. One
hundred years ago the island was
known as the resort Utopia Of Naples
Bay, and its innumerable villages,
famous for their individual wines,
have changed but little since the
island was q popular resort in the
early eighteenth century. The island
is almost hidden from view in a
southern approach, and when seen
Evening star., 1935-06-23
Adirondack Events.

A DIRoNDACK MOUNTAINS. N. y.
= June 22.-Many maiur sports
svents viii feature the Adriondaeks-
Champlain Valley season this Summer.
Trap ard skeet shooting and ny and
plug casting events, in which some
Of the best known experts in the
East will compete, have been an
nounced for September IL, IS and IL
at Lake Placid In connection with
the so years of conservation celebra-
ton.
The golf season has been made
more interesting through addition Of
several major events, principal among
which is the first annual Adirondack
open tournament, sponsored by the
Lake Pracid Golf and Country Club,
for August 20, 80 and 81 on the
country clubs championship course
ct Lake Placid.
Principal among water sports Of the
season viii be the third annual inter-
State power boat regatta, the date and
scene Of which have not yet been
announced. Last year 1t was staged
Evening star., 1935-06-23
The zruveler'S Notebook
By Jacques Futrelle, Jr.

are depositing thousands and thou
sandg from other parts Of the United
Etates and the world In general on
vacation bent.
The bigness Of New York is the
magnet that wears the paths to
Gotham bare. Americans, while they
devote much Of their time to cultural
shrines and to the diverting play
facilities offered by the biggest port
in the world, meet the foreigner on
common ground at such places as the
Empire State Building and Wall
Street.
A poll of New York guides has dis
closed that, for the European, Fifth
avenue holds first rank on the must
see" list. Next come the building AL
Smith helped to popularise, Green
wich Village, the financial district,
and, strange to say, Chinatown.
Farther down the list Is the Statue of
Liberty, the Great White Way, the
great Washington Suspension Bridge
and Rockefeller Center, The Holland
Tunnel, apparently. has lacked good
publicity agent. Grants Tomb, the
must" on grandma's List, faded into
practical insigniflcance as q tourist
attraction years ago.
A NEW type Of Greyhound coach
n recently has been put into service
between Chicago and Detroit, on pro-
baton to see how they operate and
Judge the travelling public's reaction
before more are ordered. The pas
senger deck is elevated, and, riding
high, travellers can look over the top
of ordinary cars. The company claims
the elevation eliminates much vibra-
ton. Individual chairs are provided
for each passenger. In bad weather
ventilation Is provided by two intake
and two exhaust air ducts, and four
hot-water heating units supply heat
for Winter travel. Baggage Is stored
beneath the passenger deck.
Evening star., 1935-06-23
Historic Bones Found.

7 ISIEUX, France, June % Cp).-A
yellowed skeleton dug up from
under the stone floors of the LiSieux
Cathedral has been identified as that
of Pierre Cauchon, the Bishop of
Beauvais, who. 500 years ago, con-
demned Joan of Arc to be burned at
the stake.
Until recently, historians thought
his body was violated during the
French Revolution in 1898.
Etienne Deyille, historian, inveSti-
eating old religious archives Of Nor
mandy and prowling around in old
cathedrsls, finally discovered the
skeleton buried in the Lisieux Cathe-
dral crypt, intact in y lead casket,
his arms folded.
Cauchon, who directed the inquisi-
ton, was subsequently rewarded with
the bishopric of Lisieux.
Evening star., 1935-06-23
Connected BY Planes.

Toxic, Japan, and Hsinking, Man
churia, have been connected by an air
service.
Evening star., 1935-06-23
RESORTS
OCEAN CITY, MD.
OCEAN CITY
Maryland

For Low-Cost Seashore Vacations
All Water Sports, Golf. Dancing. etc. A
fine list Of hotels, cottages aud apart
ments to choose from, Write to hotels
listed below or Chamber Of Commerce,
Ocean City, Nd