davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
PUBLIC SERVICE CO.
NET IS ONLY STAB
Indiana Firm Reports Sharp Drop
in Income.

Net income of the Public Service
Co. of Indiana during 1884 totaled
$1748.76, despite an increase of
$162, 309, or 1873 per cent, in gross
revenues, the\ company's annual re-
port Of operations showed today.
This net compares with s497, 721.4l
in 1898.
Although gross revenue in 1884
showed the above increase, operat-
ing expenses, retirement provision
and taxes increased 1862, 557.78, the
report stated, resulting in decrease
in net earnings of S500,248.77.
New directors elected at the an
nual meeting Of stockholders are
G. o. Nicolai, Terre Haute K. F.
Dickinson, Lafayette, and G. j.
Oglebay, Indianapolis. Other mem
bers of the board who were re-
elected are John N. Shannahan,
president; E. j. Booth and w. Mar
shall Dale, both of Indianapolis,
and Laurence K. Callahan, Chicago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
FOREIGN
CHRYSLER PRODUCTION
RISES 48.3 PER CENT
Output Totals 249,O64 Units in First
Three Months.
BIZ Times Special

By Tunes special
DETROIT. April 4.-Production
and shipments of the Chrysler Corp.
during March and for the first three
months of the current year set new
records, according to an announce
ment made today by Walter P.
Chrysler.
More passenger cars and trucks
were produced and shipped by the
Chrysler Corp. in the first quarter
of the year than in any comparable
period, it was stated. Production to-
tailed 249,06 units, compared with
1882 in the like 1884 quarter. an
increase Of 49.3 per cent.
The previous record was estab-
lished in the second quarter Of 1884
when 220,747 units were reached
Production at all Chrysler plants
during the initial three months was
kept at capacity, and output was
twice that of the first quarter in
1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
THE BANKING BATTLE
COnghZM Would GiUe t. S. Control

theory of price control through a
government banking agency, and
likewise challenged the ability to
meet all the problems Of the de-
preston through this avenue.
mo one would be satisfied if We
reached the 1925 price level, with
our national income $4,000, 900 900
instead of 100000, 100000, and with
10000 100000 unemployed he said.
The Federal Reserve Board is not
charged, as I understand it, with
the responsibility of creating stable
prices or employment.
No monetary policy alone will
give stable business. The distribu-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
WINTER WHEAT UNDER
NORMAL CONDITION
1885 Production Estimated at 490,-
100000 Bushels by Authorities.
BIZ Times Special


CHICAGO, April 4. = Winter
wheat at the start Of the spring
season is below normal condition
for the fourth successive year, &C
cording to reports today by local
crop authorities.
Average of the estimates on prob
able production il 100000 bushels.
A year ago the government indica-
ton was 492,000O00 bushels and
crop harvested last year was 405,-
100000 bushels. Average for the
preceding five years was 565,000,000
bushels.
The reports indicate that percent
age of acreage abandoned will be
above normal, some stating that the
abandonment may be as much as
21.1 per cent Of the area seeded.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
GRAIN VALUES TURN
HIGHER AT CHICAGO
Domestic Market Reacts to
Sharp Upturn Abroad.

RV TfffG Press
CHICAGO. April 4-Grain prices
on the Board Of Trade today turned
higher. in sympathy with a sharp
Upturn abroad.
At the start wheat was $ 10 5.
cent higher. corn was up 5 20 Is
cent. oats were i 20 = cent higher
and rye was I'D $ cent.
BrOomhall reported the Liverpool
market advanced on strength late
Yesterday at BuenOS Aires. Good
outside buying Of futures continued
throughout the morning in the
British market but there was a
pause in the demand for actual
wheat. July and October contracts
were at new seasonal highs. The
trade here paid little attention TO
other news. Activity was rather
spirited.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

ton of wealth production is the
paramount factor, and that gets
back to the tax system which must,
in the last analysis, control the
velocity of currency.
Means of payment in the hands
Of people who spend means stable
business, price level and employ
ment"
The Federal Reserve System, he
said, could to some extent control
the volume Of money through open
market operations and rediscount
rates, but these operations must be
supplemented by intelligent income
taxation and public works.
(THE END
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
CHILEAN BOND
SERVICE SEEN
PUSHED AHEAD
World Revival in Nitrate
and Copper Demand Cited
as Influences.

81 Ilmcs Special
NEW YORK, April 4.-Gradual
revival in world demand for nitrate
and copper, Chile's principal export
commodities, today was seen in
financial quarters as enabling tbs
South American republic. coinci-
dentally, to increase interest pay
ments to foreign holders of hel
more than S4OO,OOO,OOO external in
debtednesS, OF which approximately
S240 000 900, including mortgage bank
and municipal obligations, is out
standing in the United States.
Under the terms Of a law enacted
by the Chilean Congress in January
last, foreign exchange equivalent to
the governments share of the prof
its from those two basic industries,
which exceeded 100000 in 1884.
has been allocated, in equal
amounts, for the resumption of par
tial service on the nations foreign
obligations, in default since 1881,
and the amortization, at prevailing
quotations. of dollar, sterling and
Swiss franc bonds.
IS a $1,000 Seen
On the basis of the governments
current revenue from the two in
duStries, coupons will be serviced at
the rate Of about SIS a $1,000 prin-
cipa. amount of bonds With Chilean
loans generally priced around II
per cent of parity, this amount is
equivalent to slightly more than
per cent Of present market value.
Subsequent payments, incidentally,
are dependent upon the trend of
prices and exports of the red metal
and nitrate.
That interest disbursements at
rates prescribed in loan indentures
could be reinstated upon the res
toration Of nOrmality in the world
economy, authorities pointed out, is
indicated by the fact that the cur
rently dwarfed volume of Chile's
nitrate and copper exports COM
pares with 1929 shipments totaling
S28,000,000. At that time the two
items represented nearly 80 per cent
Of the nations export trade.
Pact a Factor
The agreement reached on Thurs
Gay by world copper interests for a
20 per cent curtaiIment of prOduc-
ton annually for the next three
years, it was indicated, should have
a beneficial effect upon the price Of
the red metal. Concomitantly, eX-
ports of the metal at higher levels.
it was pointed out, should provide
Chile with expanded revenues from
this source for utilization in the
servicing Of her long-term indebted
ness abroad.
Likewise the reorganization Of the
nitrate industry last year, involving
substantial Write-off, has improved
the competitive position of the
Chilean product in world markets.
AS result, exports have been in
creasing gradually. Last year, ship
ments of the product amounted to
less than 100000 tons, compared
with 2,788000 tons in 1929. Copper
exports currently are at the rate of
about 100000 tons annually, against
679 500 tons in 1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
France to Devalue

However, it is very likely that a
sharp depreciation in the value OF
the belga will be accompanied by
the abandonment of the gold stand
ard by Holland and Switzerland,
thus leaving France as the only
Central European country still ad-
herring to gold. In time France, too,
would have to reduce the gold con-
tent of it's currency or abandon gold
entirely. The effects Of the collapse
of the gold bloc on international
trade and international commodl-
ties would be as follows:
International trade should show
little change since these countries
account for only small portion OF
the entire world trade. Stimulation
of exports from these countries, due
to a decline in the value Of the cur
rency, would be offset by a decrease
in imports and the uncertainty to
which fluctuating currencies lead.
AS regards international commod-
tiles, it seems likely that the price
in dollars will not be directly
affected.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
NATIONAL TEA SALES UP

BIZ Times SpecfdI
CHICAGO, April 4. National
Tea CO. reports s4,898,378 sales in
the four weeks ended March %, an
increase of 81 per cent over
s4.747.235 sales in the corresponding
period in 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
Other livestock


Bv Urued Press
rT WAYNE AnrI s-HcEs Steady.
eC1-1s1 1851 81 10000 lbs 81 80. -sl-510
ne ssEs Ie1-Is1 JOS $3.50. s1o-3s0 ms
sszs Ia0-IE1 lhs S. i1o-is0 lbs 81 50.
tec-111 lns &C.. folEEs 81 IS stays. S. SO.
Calves s. So lambs. SIS
LAFAYETTE. April 4.-Market steady %
cents higher. 1850 lbs. teGao5. $50
4 RS ssssIs IS. 1oo-z1s lbs Sc IS.
lst11s lhs.. sessNs. I6o-is0 los. - IS @
Pisa tEso down. Calves. 50. Lambs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
PROGRAM is LAUNCHED

By Times SpecidI
PITTSBURGH, April 4.-National
Steel Corp. today launched a mill
expansion program for its Detroit
district plant. which will require
the expenditure of approximately
$4,000, 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
BY THOMAS L. STOKES
Times special Writer

WASHINGTON, April Father
Charles z. Coughlin holds, in effect,
that money is the root Of most evils
IN the economic bOdy-thar IS,
money in its large sense.
He is one Of the numerous group,
including some members Of Con-
eress. which believes that most OF
the ills neutrality-suspicious., over
production. maldistribution Of in
come. etc.-may be cured by the
control of money and credit and the
regulation Of its volume and flow.
This he would do by creating a
central bank, to be known as the
Bank Of the u. S. A., a single none
tary authority set up here in Wash
ington. which would issue all money,
regulate its value. own outright or
control all banks. be the central de-
pository Of all bank reserves, and
be the sole fiscal agent Of the gov
nomenclature a large order.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
Other livestock
INV Times speciaD

LOUISVILLE. April 4.---cattle-Receipts,
300, slaughter cattle in light supply; part
of run stockers and feeders: demand de-
pendable; market, mostly steady; bulk
common to medium steers and heiiers,
s65on875; few common killers down TO
Sc; better finished steers and helfers
scarce, quotable, Sc to around $40 Is; oulk
beef cows, s45Od6: good cows and smooth
heifer types quotable around IS 30; most
low cutters and cutters: 81 l5g 425 Pulk s
bulls TO SIS and above for yearling types.
bulk Hereford stock calves $500 L.. % .
@Receipts 400 Including 200 stock calves;
market fully steady 70 strong; bulk good
to choice grades, 81 .50aS.5o: medium and
lower grades Sc so down. Hogs-Receipts
100: market, Ioc higher: top and bulk
desirable. 10000 lbs. SO; 255 lbs up.
sass: lso-l75 lbs. $3.50; l40-l55 lbs SO;
i20-I35 lbs, s705 sows weighing 400 lbs.
down, SIPS: heavier sows discounted soc
Sheep-Receipts. so: market, steady: bulk
medium to good wooded lambs. s6.5Ofi 80 /:
choice quotable around So. common light
thfowouts. IS. and fat wcoled ewes. $500
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
GASOLINE TAX INCREASED

By Times Special
ALBANY. N. Y, April A i
nt-a-gallon increase in the state
gasoline tax, through which Gov.
Herbert Lehman hopes to raise
SIG 500 900 to aid in wiping out
deficit, was in effect today. The in
crease, which began April I, brings
to 4 cents a gallon the state tax on
motor fuel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
ASBESTOS COMPANY
REPORTS $76,524 NET
1884 Income Declines From Preced-
ing Year, Report Shows.
By Tim 8 Specid

By Times Special
CHICAGO, April 4.-Net income
of the Asbestos Manufacturing co.
for the year ended Dec. 81, 1884,
totaled s76,524 after expenses, in
terest and Federal taxes, according
to the company's annual report.
This is equal to s4.87 a share on
the 1900 shares of preferred stock
outstanding and after deduction Of
preferred dividends during the year
equal to II cents share on the
$4,000 shares of common stock.
This compares with net income
of s79,104 in 1888, equal to 10 cents
a share on the common stock. Gross
profits on sales dropped to $3.50 ,248
in 1884 from s356,363 in the preced-
ing year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

But. of cour -
the bulk of the
sales were made
with large IL tl-
tutions such AS
the inEur nee
Compalies Tarl-
e. than with prl-
Vafe IuE to-
TIL o1vla Tho
ineCe ifv 10 lar r.
selling ORE au.zf-
tiOns. which are
non existent to-
az G. % S o.
uIentlv. while The
rHr-r-w MAJ no
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
Wall St.
Reception Given to
New Bond Issues
Encouraging.
by RALPH HENDER SHOT
Tines Financial Writer

NEW YORK. April 4-Wal
4 y Street has been very much en-
couraEcd bv the reception given
the new corporation bond issues
offered last week. Most OF them
were heavily ove-subscriOed within
a short time. the performance II
valinz the financing operations Of
the palmv days back II 1928 and
1910
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
LIBERTY BONDS EXCHANGED

WASHINGTON. April 4.-Of the
nearly s2OOO.OOO0OO OF Fourth
Liberty Loan bonds called for re-
demption April IS. sl.559. SOC 800
have been exchanged for 27s per
cent Treasury bonds. Henry Morgen-
thau Jr.. Secretary Of the Treas
ury, said today. Cash will &c paid
for the remainder.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
oHerinEE may b

REGARDED as test of tho market.
they can not be considered as puo-
Dire sales DC The same sense that
thev were FEN wears ago
Tho current Yields on tho high
ct GRADE bonds arc smaller than
they should be and it IS doubtful
that thrv vlIl last for any great
length 20 time The condition is
due to Tho abnormal money market
we are experiments sooner or
later Investment interest lS likely
Co switch to the higher welding SCI
curlties Whether the low rare IS
sues viii recede in price or the
nigh rate OBLIGATIONS VIII advance.
however. vlu depend IN large meas
ure on the return Of confidence ln
business and the government S
monetary policies
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
Eccles Challenges Theory

The central bank also would as
sumo the functions now performed
by the Treasury, partly through its
sterilization fund. in purchase of
gold and silver and regulation OF
foreign exchange.
Gov. EccleS disputed. before the
House Banking Committee, the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
COLLAPSE OF
COLD MONEYS
BELIEVED NEAR
Bloc Seen Facing Fall as
Result of Belgian
BeIga Action.
JULES BACKMAN AND A. L.
JACKSON

Editors OF Economics Statistics. Inc.
NEW YORK, April 4.-The de-
probation of the belga marks the
beginning Of the end for the gold bloc.
Belgium, which is mainly a manu-
featuring country and is to large
extent dependent on its export trade,
has long been the weakest link in
the gold bloc chain. Currency de-
probation by competitor countries
and the erection Of tariff walls,
quota restrictions, etc, in many
countries have resulted in a sharp
decline in Belgiums export trade.
This decline has had its repercus-
sions in an increase in domestic
unemployment and in further de-
clines in internal prices. Industrial
production in Belgium, according to
the League of Nations figures,
reached a new low during 1881.
Production in none of the gold bloc
countries has shown much improve
ment, but Belgium has made the
poorest showing of the entire group.
Sterling Forced DefiatiOn
The steady pressure of internal
deflation has recently been aggra-
waited by the sharp decline in ster-
ling. This decline placed Belgium
at a further disadvantage as COM
pared with the sterling bloc and
thus precipitated the crisis which is
now taking place. The fall Of the
TheuniS cabinet, which was pledged
to an adherence of the old parity Of
the belga, left the way open for the
formation Of a new cabinet which
could devalue the currency.
The question arises as to what
will be the effects on international
commodities and on the other gold
bloc countries Of the devaluation OF
the belga. AS regards international
commodities, the depreciation of the
belga should have little effect. No
important supply of raw materials
originates in Belgium and the belga
is not an important currency IN
world trade or international finance.
Devaluation of the belga alone
will have no effect on price levels IN
this country, except in so far as 1t
might have psychological reactions
because of the repercussions OF such
an action.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

Editors Note-This is the last Of four
articles on the impending congressional
battle over basic changes in the ma
tons banking system.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
LOCAL CASH MARKET

CRY Srain elevators are paving SIS cents
for No soft red wheat Otner Grades
On their merits Cash corn No. ; yellow.
= cents. and cats - cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

II ICHARD WHITNEY. president
N Of the Rev York stock Ex-
change. Is stu unwilling 20 say
whether he will seek another term
on an independent ticket II The
regular nominating committee goes
through with its present plans Of
naming Charles r. Gay. senior
mariner of Whitehouse & Co. for
the post. But those who know him
best seem TO have little doubt but
that be viii toss his hat into the
ring when the committees decision
Is made known officially.
Mr.. Whitney is frank 20 admit
that ne is not enjoying ms posi-
ton. however. This is not strange.
for he has given OF his best for
several wears and his chief reward
has been criticism III ne could De
dislodged from his position Of OK
IRENE reserve he probably would
get a great many things of his
chest. And he probably would feel
much better If he did.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
What Does 1t Mean?

Hedge-A speculation that lchen added to another
prerous important speculation either cancels
reduces the element Of risk is characterized
hedge.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

DUT there is Scant likelihood
d that he ever will open Up" He
is not a New Dealer. Neither is
ne a Huev Long or a Hugh S
johnson. although the fact that ne
isn't does not lessen his stature. He
probably never Will be very popular
with newspaper men because ne
provides 50 few hot" pieces Of
copy. The weekly press conferences
10 which ne subjects himself are
about as productive Of headlines as
q Sunday school picnic
The Exchange chief Is most cor
dial on such occasions. though And
ne displays more patience than
would most busy executives. But
he seldom drops his reserve unless
the conversation switches around TO
horses or yachting. Al such times
he becomes as regular" as Alfred
E. Smith or Charles NJ Schwab. He
is a hard man 10 know but an easy
man 20 like
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
N. Y. Bonds

U. S. GOVERNMENT BONDS
(By Abbott. Proctor g. Painel
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04

BY James E. Bennett
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-04
(Yearling Excluded)
SHEEP AND LAMBS

-NeCeIptS. I0UU-
ann L. l n-I
The Washington times., 1935-09-20
.CASSELL GET 5
HOSPITAL POST

Appointment Of Stafford H.
Cassell, 26, as recreational director
for the Children's tuberculosis
Sanitorium at Glen Dale, Nd, has
been authorized by the District
Commissioners and the Civil Serv.
ice Commission.
Mr.. Cassell fills the first posi-
ton of the type ever approved for
an institution under the direction
of the Board of Public Welfare.
He attended DickerSon Junior Col
lege, Carlisle, Pa, and American
University in this city. He was
formerly assistant director of re-.
creation at Dickerson Seminary
and director Of the Methodist
training camp, Central, Pa.
DR.. Daniel Leo Finucane, super
intendent of the institution, an
nounced that because of the limit
ed fund for purchasing recrea-
tional equipment, the institution
will accept discarded equipment,
especially ping pong sets, volley
balls and nets, and indoor games
of all types.
The Washington times., 1935-09-20
AUTO WASHERS
ARE WARNED

Following complaints from nu-
merous citizens, First Precinct
police yesterday began warning
automobile washers to keep within
the law.
One car washer, Clarence
Dendy, colored, 81, of the 900
block Fourth st. N. W., was ar
rested in the 1900 block H st. N.
w., while cleaning an automobile.
Police said his buckets and other
cleaning equipment were scattered
over the sidewalk and constituted
a danger to pedestrians. He was
charged with Occupying public
space" He forfeited IS collateral.
Capt. Harvey G. Callahan, COM
manding the First Precinct, said
he had received numerous COM
plants from citizens who ex-
pressed annoyance at the persist
ent solicitation Of the car wash
ers. It is illegal. the Captain
said. to solicit on a public high
way to guard, watch, wash, clean,
repair or paint" vehicle.
The Washington times., 1935-09-20
Water Basic Factor
In Life Maintenance

NEW YORK, Sept. 20.-An ade-
quate diet for any human being
in any land must contain suffi-
cient building material to replace
the daily wear of tissues, vitamins.
minerals and water, Frank A.
LEVY said in a lecture on What
You Should Eat and Why" given
free to the public at Mt. Sinai
Hospital.
DR.. LEVY also stressed the fact
that water is important as a basic
factor in diet. AS concerns the
maintenance of life, water is Sec
ond only to oxygen. It is the
vehicle which carries food to the
cells and carries waste products
from them. It is one of the chief
factors in the regulation of body
temperature.
The Washington times., 1935-09-20
DR.. Cooper, Leader
In Education. Dead

Meuse-Argonne. He was gaSsed
in the latter offensive.
He is survived by his widow,
two sons, Paul and Robert, the
latter is a naval air lieutenant at
Honolulu; and two daughters
Mrs. Marion Woods and Miss
Eleanor Jennings.
Services were held in Newark
this morning. Members Of the
Washington post of the Twenty
ninth Division Association met
the funeral party at Union Sta
tion. Honorary pallbearers from
the post were Gerald j. O'Day,
Edward v. Dittoe, Robert D.
Beeton, J. Fred Chase, E. E. Nc
Gowan, Ralph M. Graham, Rob
ert S. Bonar, Morris Singer, Will
liam B. Keely and Charles v.
TraVerS.
The Washington times., 1935-09-20
CHARLES H. WILLINGHAM

Funeral services for Charles H.
Willingham, 81, retired member
Of the washington police force,
were held today at the w. w.
Chambers funeral home, with DR..
F. w. johnson, pastor Of Grace
Baptist Church, conducting the
services. Interment was at Beale'
ton, Va.
Mr.. Willingham, who died sud-
denly Wednesday from a para
lytic stroke, came to Washington
from Fauquier county, Virginia,
in 1892 and joined the police
force. He was retired in 1905
because of a disability suffered
when a horse-drawn patrol wagon
overturned.
He is survived by his widow,
Mrs. Martha E. Willingham; a
daughter, Mrs. Edith L. Wallace,
and five sons, William A., Ray
mond L., Carl H., Frank L. and
Clifton R. Willingham, all OF
Washington.