davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
PROFIT SALES CHECK
ADVANCE IN WHEAT
Prices Open Uneven Despite
BulliSh Sentiment.
ByUnitsdP Press

By United Press
CHICAGO. Sept. 9.-Proht-taking
checked advancing wheat prices
on the Board Of Trade today as
bullish sentiment swept over all the
world markets.
AT the start wheat was Is lower
TO = higher, corn was unchanged
10 2 cent lower. oats were up i to
: cent and rye improved i to IS
cent.
In the face Of the wild bullish en-
thuSlaSm which sent wheat prices
bounding upward at Liverpool and
BuenoS Aires many Chicago trad
erS were content TO take their prof
its IN the market and prices chung
near the previous close.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
EXTENSIVE ADJ
POLICIES URGED
ON ALL BANKS
Proposal to Combat Eco
nomiC IIIiteracy Made
by Banker.
81 Times Special

~ imeS Special
ATLANTIC CITY, Sept. 9.
Speaking before the annual conven-
ton of the Financial Advertisers AS
ISOLATION were today, Frank F.
Brooks. president Of the Pennsyl-
vama Bankers Association. today
urged financial and business inter-
ests Of America TO consolidate i'm
mediately for sponsoring a gigantic
national advertising campaign to
sell America a safe economic policy.
He claimed that the whole struc-
ture of both big business and bank
ing are unable to exercise their fun
powers in promoting recovery be-
cause their motives are suspected,
observing that both banking and
business are under blanket indict-
ment for sins of the comparative
few. He said:
Should Ignore Expense
Il propose the most gigantic adj
vertising campaign America ever
saw, regardless of expense" he said,
TO promote a greater degree of
economic literacy. I am calling for
campaign whose sponsorship will
be so broad that the most preiu-
diced mind can not challenge its
spirit of altruism An advertising
campaign that will consolidate, Wit
alize and encourage that vase ma
Jority of straight thinkers when
their influence is vital to the des-
tiny Of America
With the tragic lessons so freshly
IN mind, learned from those nations
who have so recently violated all the
laws of economic truth in their
search for safety or dominion. YOU
can not persuade me that America
viii follow their paths to disaster.
Under the froth created by those so
buslly engaged in muddying the
surface waters of straight thinking.
you will find the deep, clear sea of
faith in the principles and institu-
lions which built America. That is
an abiding faith, not to fall by the
clamorings and antics of the witch
doctors"
Leaning Habit Hit
In his general discussion of ma
tional affairs, Brooks stated that
more important than our trouble
some financial affairs was the dam
ger of fostering the leaning habit.
MY fear" he said, is that the
pleasant, but wholly palliative nos
trums now being SO freely offered.
will, like opium. pollute too large a.
segment of our population with
pleasant enervating dreams. while
marching them, or their children.
inch by inch, from the pioneer
spirit Of absolute elf-independence
1 would have you know that
there is such a thing as economic
treason. Whether it strikes through
Ignorance, selfshness or i'll intent,
there is but one way permanently
to guard against its ravishments.
That way is to have the camp of
America Illuminated by the torch
of economic knowledge with the
constance and devotion that keep
the flame burning on the grave of
the unknown soldier"
The convention will adjourn
Wednesday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
FRUITS Am vrCFrARIFs

CHICAGO. Sept 9-Apples-
bushels. Duchess scGsoc Nealthies 75a
sec. CaTrots-Ll.nois bushels. $50 40c.
Sweet Pctatoes-renfesse Bushels 500
esc. Beans-Alch.gan bushels 81 15al so
bags-6o-la. crates. s1E ecc Peas
Colorado bushel hampers slesEl7s To-
Spsnach-M!chigan bushels sl0l2s Let
tuce-Western crates dor s1N2 30
Peaches-Mi ~rigsu bushels. s. s0niss Gu
currrerS-Michigan bushels 2o1Tsc. Can
ta.oupes-Nichigsn crates 40ns5c CeIsrv
Michigan crates 6s9Ssc pears-Nichi-
San Bartletts. si1i7s. Onion market So
70 sacksl-4llncis ye-cws. s0Q 75c Min
soGsse.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
SALES CARNIVAL OPENS
Westinghouse Electric Supply Puts
on Show at Claypool.

The first merchandise carnival in
this city was sponsored at the Clay
pool today by the Westinghouse
Electric Supply Co.
THE crew, visiting indianapolis,
is one of seven who are putting on
meetings in the 80 leading cities Of
the country" R. L. Brown, division
manager stated. Each crew carries
about 5000 pounds of special equip
ment to make their own back
grounds, lighting effects and gen.
eral carnival atmosphere.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
COOKE LAUps PROGRAM

BIZ Times Spf0frt
WASHINGTON. Sept. e-The
Central Hudson Gas and Electric
Corporation was commended today
by Morris /. Cooke. Rural Electrlh-
cation Administrator. for the COM
pauyS decision 10 carry out & rural
electrldcauon program with private
funds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
NET INCOME DECREASES
BIZ Times Snccial

% y 0Fto NVtLIUE
CHICAGO, Sept. 9-Consolidated
net income Of the American Water
Works and Electric Co. for 10
months ended July 81 amounted to
$2,8O1,777 after all charges. This
equals 90 cents a share on the COM
mon stock, compared with SIPS a
share on the same stock in II
months last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
POWER OUTPUT HIGHER

By ines Special
NEW YORK. Sept. 9-The Stand
ard Gas and Electric Co.'S electric
output last week totaled 87363,042
kilowatt hours, an increase Of 7 lilo
per cent over the ike 1884 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
LONDON TRADE
Disturbed BY
SCARE OF WAR
labor Troubles, Pre- Election
Uncertainties Also Are
DeterrentS.

BIZ INES Special
LONDON. Sept. 9.-There IS no
panic in London. but the British are
disturbed over the Ethiopian
troubles and this anxiety IS helping
20 slow down business. Contributing
distress factors are further labor
troubles. and prediction uncer-
tainties-especially the worry now
that the election will be delayed by
international complications.
However devious the course Of
the international discussion at
Geneva concerning Ethiopia, the
English have pretty well made up
their minds that they can protect
their interests in the Mediterran-
can and in Africa without the sup
port Of France. Nothing will be
done TO antagonize France, but
neither will the government bow to
the full demands from the French
in order 10 Win their unqualified
support.
Sanctions are not likely TO be
called into force. London viii ulti-
mately deal with Rome, and Mus
sollni Will probably be placated
Uith partial fulhlment of his am
billions IN Africa. All of these &C.
velopments demand further tickhsh
negotiations which are bound to be
retarding influence on business
Plans for the financing Of small
business with government aid have
run into trouble. Banks refuse to
accept the prospect of business" as
zecurity for such financial aid as is
needed. and the government is al
ready too embarrassed by the pros
pect Of greatly increased military
Expenditures to assume the respon-
s.bility for supplying funds"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
DEBT EXTENSION VOTED
By Times Spccid

WASHINGTON, Sept. 9-The
ICC today conditionally approved
a three-year extension of a $147,000
loan to the Tennessee Central Rail
way Co. by the RFC.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
RuTlmes SncciaI

PARIS. Sept. Cuisines in
France this week was uneventful
Reopening of the wheat futures
market (Which has been closed since
last December) is viewed optimis-
tically With a crop shortage. it is
increasingly evident that the cur
rent crop and most Of the surplus
are likely to disappear before the
end of the year. Prices are already
hrmer Cement prices have been re-
duced 10 per cent in the campaign
20 reduce the cost of living, and
the revaluating of property has
helped TO reduce tax costs.
Retail business is showing some
signs of recovery. A recent survey
of the principal Paris department
stores shows that prices have been
cut from y per cent to Is per cent
n most of them. but up to IS per
cent ii a few. Most stores, but not
all. have been able to compensate
for these cuts by increased sales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
ByTimcs Special


BERLIN. Sept. 9.-Through Ger
manys reactions to any struggle
which may develop cut Of the Italo-
Ethiopian controversy are an i'm
pOrtant force behind the decisions
which are being made in Geneva
and various capitals this week, Ger
many is only indirectly concerned
so far
Coal shipments have jumped on
increased Italian orders and a rush
of other customers in the storm
area TO lay supplies: and Germany
is getting rid of a lot of old ships
to italian scrap yards, and a few
newer ships which may form a part
Of the Italian transport fleet.
Germans Stt:ll lack the funds to
bring about any striking revival OF
retail trade, jut manufacturers of
heavy goods machinery, construc-
ton equipment and materials-are
steadily boosting their production
programs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
cent higher Heavy breed hens. 15c;
Leghorn breed hens. 12c; heavy breed
cocks. &c; Leghorn breed cocks. Sc; col
ored broilers. lbs. and up. 15c; Leg
horn broilers. 11s lbs. and up; 12c; bare,
back brolers. l0c; ducks, full feathered
and fat. 4c: geese. full feathered and. fat
Sc: guineas. 15c each No. l strictly fresh
eggs loss of 22c. Each full case must
weigh SIS lbs. gross. a deduction Of l0c
pound under SIS lbs. will be made. Butter
No. / 281s a 29Iac; butterfat 22c
quoted by the Wadley co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
old AriSt0crucy Rules
Bank of France Policy,
French Economist Says
Nations Fiscal and Credit Programs Remain in Hands OF
Those Who Lost Control in Revolution,
NJ DeIaSi Reveals

The economic of the
the life OF the country but al
Age The author OF the expose M
o
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
FOREIGN TRADE
HELD CREATING
THIRD OF JOBS
Explode Any Motion
Of America Being Self
Contained.
BIZ Times Special


NEW YORK, Sept. 9.-Foreign
trade is the basis for the employ
ment of almost one-third of the
gainfully employed persons in the
United States, the American Manu-
facturers Export Association de-
clared today in a booklet entitled
Foreign Trade and Domestic
Markets"
The census figures analysed and
the colored charts that picture them
would appear to go far in eXplod-
ing any notion of America being
self-contained, or upon any possible
road to such a state. Of the 49,,
100000 men and women earning
their living, 14,300,000 were doing so
because the export dollar and the
import material and product was
the basis for that actual employ
ment, it is held.
Imports Create Jobs
The booklet contends that imports
are similarly producers of. employ
ment. because we either import raw
materials that are necessary for i'm
portant industries such as automo-
biles, rubber, medical supplies,
chemicals, steel-these and other
things-and the workers in these in
dustries are dependent upon the i'm
ported materials, or manufactured
goods which give employment to
importers, wholesalers, retailers, to
clerks, statesmen, advertising men,
trucking and railroadS-and to a
large number of people in the cleri-
cal end of the business.
In usual calculations, the only
people who are considered as de-
pendent upon foreign trade are
those who are directly exporting -
like the farmers and a percentage OF
the organizations in the exporting
industries and those who are direct
ly importing.
The authors and illustrators Of
this booklet have taken a different
point of view-they say that mas
much as the farmer who sells so per
cent of his cotton abroad and buys
his agricultural equipment, his re-
frigerators, his automobiles, etc,
from the local stores, most of the
dollars they get come from the eX-
ported product. Similarly, they say
we could not employ the people who
are manufacturing selling, advertis-
ing, Wholesaling and retailing rub
Der products if we didn't import the
rubber-so that these people are
paid because foreign trade makes
available to us, the raw material.
Charts Are Displayed
Employment, argues the booklet, is
not in proportion to total value-it
takes more people to grow, cultivate,
pick, bale, transport, gin, sell and
buy raw cotton per $1,000 worth than
it does to make, pack, sell, transport
and export sewing machines worth
$1,000.
In addition to a foreword, the
booklet contains Is brief articles
accompanied, on opposite pages, by
charts in color. 1t is being diStrib-
uted from the American Manufac-
turers Export Associations general
offices, $50 West Amidst, New York
City.
In the foreword, the booklet says:
1.-THE study here presented does not
rest on a statistical basis, although
it does include some statistical
charts: 1t is an attempt to go be-
hind the statistics to the vital fac
tors, which we have learned through
accumulated experience and which
form. after all, the base of economic
realities"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09

CHICAGO Sept -Eggs-Market, firm;
RECEIPTS, 640O. cases: fresh graded flrsts'
ket unsettled receipts. 1885 tubs; extra
score, 2554c; firsts ls8-S9l2 scorel. 23!2 a
24Ac; seconds lS6-S7la scorel, 22la q 23c;
specials, 26l4 d 2694c; standards. 25Ac;
Poultry-Market steady; receipts. II
trucks. l car due; broilers. ia 1sc; fryers.
16G17c; ducks, 13@l7l2c; geese, 10 &c;
spring chickens, 16g l9c; hens 1Ig22QQc:
old ROSTERS, lac: chicks. 12ql5c: Cheese
Twins, 159s@l6c: Daisies, 1914 giles;
Longhorns. 1914 q l6l2c. Potatoes-Supply.
moderate; demand moderate: market
Slightly stronger on Bliss Triumphs, firm on
other stock; Wisconsin Cobblers,, go 12cd
81: Bliss Triumphs, 81 .10Gl .20; Michigan
Cobblers, csc; Idaho Russets. sl.50d1 IS;
u S. No 2, .s1I5Ql.20; Bliss TriumphS,
81 IS "a IS: Colorado Triumphs' 81 .30@ / so;
North Dakota Bliss Triumphs, Site. Ar
rivals, lSO on track. 252 shipments, GA
Saturday
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
Trends
EatOn's Dream of
Steel Empire
Recalled.
BY VINCENT LYONS
Tines Financial Editor

DACK IN The kaleidoscope era Of
ID the turbulent twentes. Cyrus S.
Eaton. noted Cleveland hnancler.
had a dream. It was a dream that
only a Visionary could concoct-the
Welding Of a steel empire with the
Cleveland Gifts IRON CO. as the
nucleus Of the combination. But
before the forces could be set N
motion 10 fulAu the dream the
financial structure Of the nation
collapsed.
Last week Mr. Estons ambitious
scheme was wildly recalled with
the announcement that six invest
ment trusts. headed By the Adams
Express Co. had acquired a sub
stsrtiaI stock interest n the C-eve-
Cliffs Iron Co. Al this point
in order 10 better understand the
story and the miscellaneous re.a-
tionshlps involved. u Is necessary
20 hark back TO the p-e-depression
period.
AT mat time Clevel2nc-Cllfts
Iron CO. controlled the Corriean-
Mckinney Co, important noe-
pendent steel enterprise, and held
substantial blocks o. common and
preferred stock Of the OTIS Steel
Co. another independent. IN ad-
dition. the company owned iron
ore properties second only TO those
Of the United states steel Corp.
and controlled vast coal reserves n
PENNSYLVANIA. With such a set-up
It is easy to believe that the enter
prise would be the cynosure Of am
bilious financial er-rep-eneurs-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
LOCAL CASH MARKET

CITY grain elevators are paving 81 cents
for No. 2 soft red wheat. Other grades on
their merits Cash corn No. yellow
60 cents and oats 1s cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
Big Board Seats Climb

With activity in the stock market picking up
membership the NeW York Stock Exchange last lCeek
changed hands at s12OOO0 an increase Of $4,000
the preceding sale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09

wheat prices farmers
purchasing power the adjustment
They exchange value before
of the depression
bushels buy the pillow but in 1885 farmer could
81 bushels of The
squares the purchasing wheat
a of clothes, paint and barbed wire
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09
WHETHER M. Eaton's dream

~ ~ i
w Of a steel empire visioued .
combination such as pictured above
is not known. Il is probably true.
however. that his stock interest III
the sI0OO00O00 Cleveland-Chffs
Iron Co. would have been the
wedge TO bring about such a result.
The pathcs Of Mr.. Eaton's posi-
ton IS heightened when 1t IS re-
allied that Continental Shares,
Inc. which gave him a grip on the
Cleveland Cliffs Iron Co. IS today
in receivershlp. It may come 10
pass that this same Continental
Shares. Inc. may make 1t possible
for some one else to force the union
which Mr.. Eaton visioned years ago.
This would develop if other inter
ests purchased Continental Shares
holdings of Cleyeland-ChffS.
That there is more TO the pur-
chase of the substantial interest
in Cleveland Cliffs Iron Co. than
appears on the surface goes with
out saving. The company Is con-
fronted with the maturity OF
s44.OO0O00 Of notes next January.
and owes approximately 100000
in dividends Oh the s. cumulative
preferred stock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09

IN 1929 the Cliffs Corp. holding
L company. was organized and INTO
it was placed control Of the vaunted
CIeveland-CHf Iron Co. CONT
mental Shares. Inc, Eaton's huge
investment and holding company,
purchased 349I25 common shares
and 998 voting trust certificates OF
the Gifts Corp. Il was probably
this interest which gave a spur to
Mr.. Eatons dream OF a new steel
empire. But the depression in
tervened and threw Continental
Shares. Inc. into receivershlp.
Earlier this year the Republic
Steel Corp. entered a merger agree
ment with the COrrigan-Mcknney
co. In view of the fact that control
OF Corrigan-N Mckinney Is held by
Clevelaud-Clifs Co. the latter Will,
upon the exchange of securities,
become one of the most important.
II not the largest. owner OF Repuo-
lie Steel Corp. securities. Now If
Republic acquires Otis Steel. as has
been often rumOred, Cleveland
Gifts will increase its interest IN
the COMPANY.
Il is not outside the realm OF
probability 20 imagine az some fu-
ture date Republic and Cleveland
Cliffs swinging a deal whereby
the former would come into pos
session OF the latter's vast holdings
Of coal and iron ore. which are the
prime essentials III the manuIac-
ture OF steel and It's miscellaneous
products. Such a combination, # Il
ever does materlahZe, would fur
ther augment Republics ability 10
compete with the three leaders IN
HE industry.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-09

NV United Press
WASHINGTON. Sept. 9.-Government
expenses and receipts for the current
FISCAL year to Sept. compared with last
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-08-22
Montgomery Players To
Start Season October IL

Mrs. Helen Pyle entertained at an
informal dinner Saturday evening The
Board of Directors: ]. A. Bishop,
president; Miss Martha Roberts, Sec
rotary; Miss Margaret Buckley, treas
urer; Ralph Fowler, Stage Manager;
Mrs. Margaret B. Keyhoe, Properties
and Russell Nicholson, Publicity Man.
ager-of the Montgomery Players.
Mrs. Jane Rice, Vice-President, is
teaching dramatics in girls sum-
mer camp in Maine and will return
the first of September.
Try-outs for the cast for "Men Must
Fight" the first play of the 1885
Season, to be given Saturday evening
October 18th in the Auditorium OF
The Bethesda Chevy Chase High
School Auditorium, will be held short
ly. Mrs. Doris Day, recently appointed
Director of "Men Must Fight" will
arrive from the Adirondacks, where
she is spending the summer, to begin
rehearsals.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-08-22

To the casual traveller of today
Montgomery County stands out as one
of the most finished and modern COM
munities to be found anywhere. It's
progress has been generally ascribed
Ito far-sighted men and women who
have believed in its future. This week
las its Oldest newspaper observes the
eightieth anniversary Of its founding,
the early history and struggle of the
Icounty's pioneer citizens are wildly
recalled.
Today, where once stalked the wary
savage and the equally stalwart pion-
Ger, smooth roads carry reverend
ing lane Of traffic to and fro. Today,
where once stood rude shacks and log
shelters, magnificent buildings and
homes greet the eye.
Ever since the year 1927 when the
adventurous Captain Henry Fleet
following the course of his predeces-
sor, Captain John Smith-ascended
the Potomac River to the Indian town
Tohoga (now Georgetown) and after
visiting Great Falls reported back to
the people of lower Virginia and the
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-08-22
Local POstOffice
Service Is One OF
Maryland's Best
Rockville Boxes, Town Carriers
And r. F. d. Reach Popu-
lation Of $500

Rockville is fortunate in possess
ing postoffice and staff which
daily covers wide territory and
reaches population Of about 1900.
Local patrons believe that this post
Office is one of the best in Maryland
and many outsiders comment on the
excellent mail service one gets in
Rockville.
The population OF Rockville ID
1850, according to the latest census
figures. It is probably nearer 100,
local business men say. The post
office has a town house-to-house de-
livery of 348. There are TIA post
office boxes and 500 people get their
mail by general delivery at the post
office.
According to Postmaster George
II. Edmonds, two city carriers make
two trips daily, except Saturday.
These two carriers leave the post
office at A. M. and P. M. Three
rural carriers make one trip daily.
leaving Rockville at 8 A. M.
The postoffice closes ON Saturday
iat 1 P. M. but there is always q
desk clerk on duty as has been the
custom for several years.
Train No. n, leaving Rockville for
the West at $40 p. M, carries the
last mail out in the evening. The
Saturday mail is carried on this
train just the same as on other week.
days. This train carries all mail,
both East and West and the proper
transfer is made at the junction.
The postoffice windows open at 2
A. M. They close (excepting on Sat-
urday) at 8 p. M.
The following daily departures OF
mail for the West by train apply:
Train IL, 9.O1 A. M; train 5, 4.69
P. M; train TT, SAC P. M. De-
partures of EastIbound mail trains
are: Train 70, TAO A. M; train 20.
8.OS A. M; train 80, 1857 A. M.
and train 8, 4.04 P. M.
Mail arrives at the Office from the
East and South as follows: Train
IL, GIL A. M; train 5, 500 P. M.
and train n, $50 P. M. From the
West: train 78, 1850 A. M; train
20, 8.18 A. M; train 30, 11.07 Am.
and train 8, Ala P. M.
All departures are exact time OF
train leaving station. Mail to go
out on these trains must be in the
Ipostoffice 80 minutes before train
time, DR.. Edmonds points out.