davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
STEEL OUTPUT DIPS
SLIGHTLY IN WEEK
Operations Drop to IS P. c..
of Capacity.
By United Press

CLEVELAND, Nov, 12.-Although
price advances of So a ton on semi
finish steels were posted last week,
steel works operations declined IL
points to SO per cent of capacity as
consumers continued to buy on
actual needs instead of for specula-
tive purposes, the magazine Steel
said today.
The explanation is that con-
sumers have been given an oppor-
tunity to cover for the rest of the
quarter, and the really effective da ye
for higher prices will not come be-
fore Jan. l" the survey declared
Therefore steelmakers do not ex-
pect rush in shipments to acceler-
ate operations until late this month
or December This was the indus
try's experience when prices were
raised in the second quarter of
1884"
1t noted that year-end bulge in
demand is unusual, but not without
precedent, and that this year it will
be spurred by automobile require
ments, railroad buying expected
early in 1886, and structural awards
for Federal projects.
The publication credited the in
PRODUCTION Of new automobile models
with the steady rate of operations
within 3l2- point range within the
past 13 weeks. 1t placed automobile
assemblies last week at 10000 units,
a gain of $4,000 from the preceding
week.
The iron and steel price composite
rose 10 cents to $3316; the scrap in
oeX gained Is cents to s12.83, and
the finished steel composite re-
manned at S53.7O.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
FRUITS AND VEGETABLES

tBv united Press
CHICAGO Nov l2.-Apples- Michigan
bushel Mcintosh $ldl25. CarrotS-uh-
nois buShel IS soc Sweet potatoes
Tennessee buShel 90c, BeanS-Louisiana
bushel. 75cGSl25 CabbsGe-6070-lh
crates 500 coo PcaS-California bushel
hampers. s2.75G365. TomatoeSm-,,Cali-
fornia Jugs 81 25H2 Spmach-IllnoiS
huShel. asa soc Lettuce-WeStern crates,
doz, S32564 Cucumbers Florida
hushel 50 50H5t5 CeIery. Michigan
SQUARE crates asa soc. CaUlihower-Mich-
igan crates. 65c0Sl. Onion market S0-lb
sacks,-MnneSota vellows Csc. western
ValenciaS SIPS Michigan yerCws,' soc,
Indiana vellowS 70 q S5c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
ST0CKMEN TO CONVENE
Indiana Cattle Feeders Convention
to be Held Nov. %.

The annual fall convention of the
Indiana Cattle Feeders Association
is to be held at Lafayette Nov %,
Oscar Patrick, president of the as
ISOLATION, announced today. The
principal address of the day will be
given by Brother Leo, manager of
the Notre Dame farm at South
Bend.
Cattle at the experimental sta
ton at Purdue will be started on
feed at the time of the meeting so
that visiting stockmen will be able
to inspect the cattle and follow the
experimental work more accurately,
it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
LUXURY BUYING GAINS
Scalp Treatment Chain Reports
Volume Above 1929 Figures.

Sharp increase in his business,
classified as luxury buying" was
reported today by Paul A. Thomas.
president of The Thomas, scalp
specialists, who have offices in In
dianapolis. The squirt has carried
their volume above 1929 in IS cities
where the company operates, M.
Thomas said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
OCTOBER FINANCING OFF
State and Municipal Total for
Month at S65,599,933.

NEW YORK, Nov. 12.-State and
municipal financing during October
amounted to s65,599 933, compared
with the revised total of Sis, 207.812
for September this year, and
$50, 746006 in October, 1884, The
Daily Bond Buyer announced today.
The total for the first 10 months
this year amounted to S930,133,l83.
including all PWA and RFC
financing. compared with 1911 ,271.272
for the same period of 1884. PWA
and RFC financing for October to-
tailed $3.50 500, against s4,677,824 in
the same month last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
New York Stocks
By ! Hitcd Press

By tHUcd Press
NEW YORK, Nov. 12.-Proft-
taking reduced prices in most groups
on the Stock Exchange this
morning. A few issues moved
against the trend, but the main list
showed losses ranging to nearly 2
points.
Allegheny Corp. issues were ex-
ceptions The common stock hit
Is, up 8; preferred 173s, up 3D.;
preferred with $50 warrants 81, up
IL and new high for the year,
and the ex-warrants equaled its
high at 7. up 1i2 Other rail issues
were irregular with New York Cen
trail and Pennsylvania down frac-
tons and Union Pacific up IA at
3d..
Radio Corp was heavily traded,
and equaled its 1885 high. Westing-
house Electric and General Electric
made new tops as did Western
Union, International Nickel, Ameri-
can Bank Note and North American
Aviation. Hazel Atlas jumped 2l2
points to 11412.
BY Thomson & McKinnonl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
FIRE INSURANCE
VALUE OF so STOCKS
TOTALS S16,87O,577.125
Prices Increase 4.S7 Per Cent in
Week Ended Nov. 8.

7 IWIIN NVtCI1t
NEW YORK. Nov. 12.-The mar
ket value OF so representative stocks
listed on the New York Stock EX-
change at the close of business for
the week ended Nov. amounted to
Sl6,S70,577125. an increase of S706.-
623500. or 4.37 per cent compared
with the total in the preceding
week, Paul H. Davis q Co. reported
today.
At the closeh of the corresponding
week q year ago, the same so issues
had a market value of Sl2,102 .965,-
375, indicating an increase of S4,-
676,6ll,750, or 1899 per cent for the
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
GAS PLAN CONFIRMED
Times Special

7 FWttS = VtCfGE
NEW YORK, Nov. 12.-The Reor-
ganization Committee recently an
nounced that the plan for reorgani-
cation of Southern Natural Gas
Corp. which was drawn up last
April has been confirmed by the
United States District Court, and
declared operative.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
CAR FINANCING GAINS
Times Special

OTTOWA, Nov. 12-Financing of
automobiles in Canada during Sep
TENDER amounted 70 1913, an in
crease Of 22.4 per cent over the COR
responding period of 1884, the Do
minion Bureau Of Statistics report
ed today,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
Pioneer Spirit Prevails
in Memphis as People
M0Ue for Home Projects
S6,2OO,O00 Being Spent to Stamp Out UnsightIy Old
Buildings and UnheaIhfuI TenementS; New
Quarters for LoW-Wage Farmers Go Up.
BY CLARK PORTEOCS
Times Snecial Writer

MEMPHIS Nov 12EIow people
nen they must leave their homes
In Memphis they spirit pioneers.
to realize they
They helping hew
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12

IDI " men W SUI
it, He is a help
less victim Of all
sorts Of adVen-
turers and tip
sters. The invest
mcnt trust IS
supposed to be an
inStit ution 10
which he can 90
and get the bene-
fit Of expert adj
vice in the selec-
ton Of stocks, eX-
pert mana cement
of the portfolio
a n d diversified
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
ASKS LOAN EXTENSION

WASHINGTON, Nov. l2.-The Il
linols Central Railroad has asked
til Interstate Commerce Commits
sion for permission to extend a loan
of S7,778.00o from the Reconstruc-
ton Finance Corp. for five years
from Dec. Z, 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12

Investment Trus t
Reforms Can Be
Pressed.
BY JOHN T. FLYNN

NEW YORK. Nov. PA group
1 ' Of very important reforms in
the investment trust can be pressed
at once in the interest Of the
harassed investor.
The investment trust is supposed
to be haven of shelter for the
money Of the small investor who
does not know what to do with it..
He doesn't know what stock 10 buy,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
Other livestock

BY United Press
1900 ncadns So 1000 directs mostly IS
10 cents lower than Mondays average
bnderT sd hts an and sows STEADY d TOP
S9.55; bulk sows, s825@S.50 Cattle-Re-
ceipts. 5000: calves, 1900; strictly good
and choice fed steers and warnings COM
weiehty steers getting best action on
shipper accounts; top. Sl3.25 paid for 1890
p; averages; several loads $3.50 up to
SIPS; with best light steers. sl2 IS
predominant supply common and medium
grade grassy and short fed steers I'M
sold weak at Mondays . to .50cent
to sell at $3.50 down to $3.50: stocfers
and feeders weak other killing classes
about steady. Sheep-Receipts 1000. lambs
opening slow; early sales and indications
firm; feeding lambs strong 10 shade
higher: bulk native and comeback lambs
pa $40 down; asking $40, asa 1926 and
ewes s35oa485: feeding lambs inward
to 1886 and $40.
Fl. WAYNE. Nov Hogs-steadv 10
Sc higher 1910 lbs 50 SO: 10000 lbs,
So 80: 20 2oo-22o lbs, sass 22o-24o lbs,
50 30; 300-350 lbs. s9.15: 140-l60 lbs
50 IS: l20140 lbs. SO 10 l00-i20 lbs ss35.
rroughs, So; stays, IS; calves. sII; lambs,
BY Times Special
LOUISVILLE. Nov. 2-Cattle-Peceints
300; including about 500 show cattle sala-
bic supply slaughter cattle light: run
moderately active fully steady: bulk com
mon to medium grade light grass steers
and heifers. s5.25a7. so: odd head common
oairrored and off colored selections down
to 50 and less: better finished offerings
ouotable upward Of 50. bulk beef cows s.
~; paacticaI TOP S525; most low cutters
sno cutters, 50 p n BIS; bulk sausage bulls
81 J1TJ "a "a.
most light beef type stockers and stock
calves s6ao- Calves--Receipts. $50: mar
SO. 5O01O so: medium and lower grades 20
down to $3.50 or less. Hogs-Receipss. 500:
market steady; top and bulk better 100
$40 lbs. SO SIS: 1926 lbs 1905: 900 tbs
up. SO s.. l60-l75 lbs s905 l40-l55 lbs
So 20; l20-l35 lbs. SIPS: sows. 1920. Sheep
E7-Receipts. 100: lambs steady: most better
palmer grades. including bucks, s6G8: bulk
fat ewes. $3.50 down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
CADILLAC SALES CLIMB

1 fWfS special
DETROIT, Nov. 12.-Sales of Cad
lilac and La Sale cars during Oc-
tober were the largest for any SIM
liar period since 1929 and displayed
an increase of $50 per cent from the
same month last year. the General
Motors Corp. announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12

II is quite an important thlng TO
the present system. The capitalist
apologist says that the industrious,
thrifty man can earn enough to
take care Of him in his old age
This thrifty person is urged to put
money aside for the rainy day. The
best price to put it, he is told, is in
the industries Of this country. But
what industries? Every one knows
that the small investor has not and
can not get the answer to this
question.
TT would be an excellent thing if
Il there were in existence an IN
stitution to which he could go for
it. The investment trust, honestly
administered, is such an institu-
ton. Can the capitalist society
afford to have this small investor,
who is it's bulWark, robbed of his
savings? Yet this is what hap
pened.
Therefore, it is plain that no
concern should be permitted to
call Itself an investment trust un-
less it conforms to certain stan
dards of management, personnel
and practice.
The intricate capital structures
which many of the investment
trusts have affected are never
there for a good reason. They al
ways are formed to enable msid-
ers to get control Of the funds or
to get an unjust share of the
earnings of the trust. There
should be no Glass A and Glass B
stock founders shares. various
classes Of bonds and preferred
stock.
IT is also important that the
Il trusts be protected from the
outrageous management contracts
by which they have been MIXED.
This is done by outright charges
on an eXtortionate bassi or by means
of subtle devices such as option
warrants. etc. The SEC has an
opportunity to make comparison
of the rates of charge for man.
agement in America and England
and particularly the concealed
charges in America.
1t is important too, that no in
Vestment banker or any one con-
nected directly or indirectly with
the issuance of stocks be permit
ted to have any hand in the man.
agemcnt of Investment trusts. This
would exclude not only investment
bankers, but brokers as we'll.
The present -SeCuri-
ties" Act accomplishes something
in that it compels Investment
trusts issuing shares to file revela-
tory data with the SEC. There
must be already a good deal of in
formation thus available about the
capital structures of these invest
ment trusts Complete and pitiless
publicity Of portfolios should be
an indispensable requisite to exist
enCe for them
Copyright. 1885 NEA Service. Inc.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
FARM INCOME
OFF S7,0O0,00O
IN SEPTEMBER
Analysis Shows Increase
for First Nine Months
Against Last Year.
Times Special

Times Special
NEW YORK, Nov. 12.-Total farm
income for the month of September
was S692 100000 as against s699, 000,-
900 last year or a drop of per cent.
While marketings we're higher the
income was smaller due to the fact
that government benefit payments
for the month we're smaller than a
year ago, having dropped from s76,-
100000 to $50 100000 according to an
analysis by the Alexander Hamilton
Institute.
Despite this decrease in total in
come, the cumulative total for the
first nine months was larger than a
year ago, amounting to S4,7l0,000 900
this year as against S4,454,0 100000
last year, an increase of ST per cent.
This was due not only to a gain in
income from marketings, but also
to an increase in benefit payments
which, for the first nine months,
amounted to S4O6000, 900 this year
as against 1927 100000 last year.
ul ClldSiHS ONtI Up Z IcT Acnt
Farm purchasing power for this
period was also higher than year
ago although the increase, amount
ing to 2 per cent, was smaller than
the gain in income due to the higher
price level for goods bought by the
farmers.
The department of Agriculture
now estimates that the gain of ST
per cent in farm income over a year
ago for the first nine months will be
increased to a gain of 6.5 per cent
for the full year.
Gain Depends on Two Factors
Such a gain will depend not only
upon the maintenance of present
prices, but upon a continuation of
the sale of livestock from the supply
which makes up farm capital. Since
there is good possibility that
neither of these factors will provide
farm income with the expected sup
port during the remainder of the
year, it seems reasonable to con-
tinue TO assume that this years an
nual farm income will be approx
mately the same as the amount re-
ceived last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
Produce Markets

The prices quoted below are paid for
stock SatbersG in the country. while de-
iyered Il indianapolis the ptrt VIII. be
cent higher: Heavy breed hens lie;
Leghorn preed hens. l2c; springerS over
a: lbs, lIc unde. -; iOsil Ice oil. OLD
up. i2c; Legnorn springers. lac; ducks
white. lbs and up, SC; geese full feath-
cred and fat 4c. old gulneas, l5c; Young
euineaS. ia lbs. up. use: No ! strictly
fresh eggs. loss Of Csc; pullet eggs. lsc
Each fun case must weigh IS lbs. gross
will be made Butter. No. :. -52i. a 80 &C:
No, ?. Sois&3l &C buttertat, Csc. Quoted
tBy United Press,
steady. receipts. 1851 cases. lresh Graded
frsts. 500 soiec; extra frStS. 81 &c; current
2ai, q soc; extras 90 score, 3O'sc: frsts
tss -s9's score % % &C. seconds s.
81. score 2s'sc. specials. 2iaSl &C;
receipts. 20 trucks; ducks. Ia lSc geese.
lSise spring chickens. lsGlec. hens. lSH
2oc, turkeys. is622i &C: Leehorn hens lila
lac, old BOOSTERS. lSc Cheese-Twins 1871
dle94c. Daisies. l7di7i4c: Longhorns II
@l7i &C. PotatoeS-Supplv moderate. de-
strong northern stock demand light. mar
2i5. commercials. sl65 Nebraska Bliss
Triumphs, s. so Wisconsin round whites
81 lisa 20: Michigan Russet RGrals 81 GOA
rs: Minnesota and North Dakota Cob
6lers 81 80 o.. com ~. g Sis: Red RIVER
Minnesota Early ohios sI22is: Colorado
McClures, sl.6SIl.60 Arrivals. So: on
track 294, shipments. 542.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
Oil Production at 2,SOI, 900 Barrels Daily

Oil production for the last 1ceek for ten states
aged 2SO1 900 barrels daily output This compares to
2,971 6S5 barrels daily output for the prerious lccek
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
SHEEP AND LAMBS

Lambs. 90 lbs. down. good and
choice ....................- SO 5odiO25
Medium .-.......... 7.753 $50
Ewes.
9O-l25 Good and choice 49, ASA AIS
dium -. 3.259 4.25
120-l50l Good and choice ASA 3.75
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-12
Money and Exchange
TREASURY STATEMENT
n rr-i.a n


WASHINGTON. Nov i2-Governmeut
expenses ana receipts for the current fis-
cal year to Nov. 9 as compared with a
year ago:
The Waterbury Democrat., 1935-01-18

A court order extended Blais- dell's redemption period two years and was upheld by the state su- preme court, which said Blaisdell could stay if he paid $40 a month rent. COURT GOES LIBERAL
 The association contended the law violated the due process, con- tract, and equal protection clauses of the Constitution--due process because 1t arbitrarily withheld his property.
 The supreme court previously had held such laws unconstitu- tional. It now turned liberal somersault. holding, in a five to four decision that states might sus- pend endorsements of contracts in an emergency and postpone prop erty claims.
 MT Nebbia was a Rochester gro- cer who violated an order of a milk control board, created under state law, which fixed the retail milk price at 9 cents a quart. Mir Nebbia sold two quarts and loaf of bread for IS cents.
 His lawyers. when he was prose- cuted, said this price-fxing was and violated due process" by depriving MT Nebbia of his liberty to sell at any price he pleased.
 The state argued that a situation which threatened existence of the dairy industry justified fixing of
The Waterbury Democrat., 1935-01-18

Inspiration. The sound of an ordinary wagon wheel as revoves it's axle taking Johnny to the far but not home again. was sufficient to produce tune-'Wagop- wheels"-whch eventually the radio drummed in one ear and right out the other Ferde Grofe found something rhythmic about the copcop of the burro on the western trail and wrote it into Grand Canyon Suite in unorget table style . Jerome Kern drew the mighty surge or tho Mississippi his "Od Man River
 The beat of the Spanish castane has been picked up time and again by composers The owly whistle of the nean,It roaster had it's day in the sum- . So what? So why not the steady poppop cnkcnk of the mkmans
 horse as he makes his way through the murk and gloom of the early day? There's nothing soothing in the wee hours than the slow methodc hoob of the milk nans norge in front of yor home You could take the whole performance of the mkman and his faithful steed and transform into symphony of melodious sounds The low whistle of the mkman, the rattle of the bottle against the carrier the rapid raaat of feet over sidewalk and gravel the thump of the bottle on the back porch the cuck to the horse then the slow fadeout of hoobeats There's the background. Who'll tackle the compost ton? ....
The Waterbury Democrat., 1935-01-18

Musings. |. .. .. AL roads lead to the big National Defense progyan, being sponsored by the Waterbury Veterans' Council in Buckingham HaU to-night. It stGrts promptly ot g. Enlightenment and entertainment are assured. The good news-mo odmission charge. Betty Reid Norma Sandu and Kris Gotv1n, the Three Melody Girls the h Of the Foirmount Community Club entertainment tt the Sprague gym the other eve- ming. Jimmie Cunningham directed and accompom'ed the qood-looking and harmonious trio ct tue pi0no. The Jamary issue Of the Telephone NeWs comtdns ne reproduction of nUood-cu, Austrang colonsts reod- ing the meaos o the uion of New Hauen and Commec- cut the most important evemt of 1864. Ns bat of ter centenary decoration.
The Waterbury Democrat., 1935-01-18
High Court Verdicts Spur Hope
 For New Deal Approval Stamp
Due Process BOgey Being .Punctured
 By Justices

which the government seeks an In- junction to allow an election to be held, can hardly reach the court before next spring. The govern ment ia still only preparing its case against the Houde Engineering cor poration, defying an order on cio- lective bargaining.
 Before its recess next June, how ever, the court is likely to hand down an important collective bar gaining decision which will strengthen or weaken whatever laws congress passes in the mean time.
 Duo process" Is also invoked in the court test of the Frazier Lemke farm bankruptcy act on the ground that. 1t violates the creditors constitutional rights.
 Federal Judge Chesnut at Balti- more has. upheld that contention in decision declaring the act '.sub- versive of the most Fundamental principles of the social contract"
 NEXT: Are congress and the New Deal guilty of unconsfitution. al usnrpatiOn of power??
The Waterbury Democrat., 1935-01-18
By RODNEY BUTCHER

Copyright 1895, NEA Service, Inc.)
 Washington, Jan 1S-What the United States supreme court did in the cases of Mir BIaisdell of Minne- sota and MT Nebbia of New York made glad the hearts of govern ment lawyers who must defend the New Deals constitutionality. You'll find them quoting from those decisions in many of their briefs.
 The court socked It's old friend due process" right in the eye being careful, however, not to kick 1t out the window. Due process" may yet be used to whack some New Deal measures on the head, but that's rather doubtful now and certainly 1t won't ever be the cor poration lawyers darling 1t used to be.
 No "persons," says the Fifth Amendment, shall be "deprived of life, liberty, or property without due process of law" The Four teenth Amendment places a similar prohibition on the states.
 Due process became anything five justices chose to make 1t. In 1886 the court decided that cor porations were 'pers6ns."
 TIDE NOW TURNS
 Although congress or legisIa- ture might have passed them by large majorities = which would seem due process of law" to most of us-the court kayoed no end of state welfare measures, tax laws, price regulation and utility valua- tion statutes. labor laws, and all sorts of industrial and social legis- lation.
 Invoking due process" 1t fa- vored wealth and property by tn- validating federal gift and stock dividend taxes and in both the Baltimore and O'Fallon rate valua- ton decisions.
 The Brandeis Stone = Cardozo Hughes Liberal majority" had already begun to stick pins in ! due process" however, when MT Blaisdell and MT NebbIa came | along, paving the way for New Deal cases under new federal laws. l
 Blaisdell had borrowed 5000 on a mortgage in 1926 from build ing and loan association. He had defaulted and been foreclosed when the Minnesota legislature passed a law extending redemption periods,