davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02
CLEARANCE SALE

CLEARANCE SALE
On used cars and trucks. All makes
and models. Roadsters. coupes. sedans,
and phaetons. Light deliveries. n ton
panels. l2-foot dual stake. dumps. 1881
Chew. 1O-wheel trailer S-ton capacity.
ROBERT HERSON AUTO EXCHANGE.
~ Fla. Ave. N. E. North 1o4os-6730
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

REAL BARGAINS in Repossessed Cars
KEYSTONE MOTOR CO.. 1913 o 81. NV.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

Pa ckard, 1882 Convertible C7OE
COupe-Painted q beautiful - q OO
light gray and green, excellent tires.
clean top and upholstery, and fine.
quiet motor. This is surely clean car.
C. C. C. guarantee.
CAPITOL CADILLAC co.
1899 22nd st. N. w. Ma. $500
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

Plymouth, 1884 Special Coach QEOE
Less than 5000 miles. pay OOAO
day special.
ROaalyn, va, WEST 1897
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

De Soto, 1898 s. D. Deluxe se- @E1Q
dan-Black finish without OCAV
Flemish, Motor, tires and upholstery
excellent Side mounts and fully de
luxe equipped. Satisfaction is guar
anteed in the purchase OF this car.
Trade and terms. Money back guar
LEO ROCCA, INC.
Direct DOdge-PlymOuth Dealers o
New York Ave. N. Z. MA. 7SsE
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

PONTIAC 1888 Rumbie-seat Coupe-Fin-
ished in a beautiful two-tone brown and
tam: excellent condition throughout; only
S445: will accept trade and terms. For
appointment call Decatur 1910 or visit
show room. Trew Motor Co.. 1928 14th
14th St. N. W.
PONTIAC 1880 Coupe. $145. 645 Mary
land Ave N E Lincoln O17S.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

Plymouth 1884 COach-You QIOE
can't tell it from new; low O4OO
mileage; the owner took good care of
this one: everything about it in Al
condition. Specially priced for two
days.
ON the Washington Boulevard at
HyattsViIle
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02
Automobiles For Sale

NO MONEY needed to buy our used cars.
All YOU need 10 . job. Royal Motor.
Inc. 1924 14th st. n. W.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-08-02

Automobiles for Sale
CHEVROLET SALES AND SERVICE
Barry Pate Motor Co., 1880 Conn. Ave.
Washington'S Oldest Chevrolet Dealers
CHEvROLETs and Fords. ouriSman.
625 Il st. N. e.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
MORCAN'S RAIL
STAKE WEIGHED
Senate to Probe Dealings of
Firm With Van SWeringen
Interests.
BIZ NEA Serrice

BIZ u 4 ST ttC0
WASHINGTON, May Ex-senator
Burton K. Wheeler is preparing to
investigate railroad financing III
which ]. P. Morgan q Co. Is IN
volved up to it's neck. Sponsors are
admittedly cracking at Morgan
Sweringen attempts 10 control re-
organization of the Van Sweringen
railroad empire, which was plcKeo
up on a "shoeString" basis a1ter
the investing public had put about
81 1000, 100000 into it.
For a month the grant OF S2o'ooo
was blocked by opposition OF Senator
Willard Tyding of Maryland, a
member of the Senate'S four-man
audit and control committee, which
approved it yesterday.
Senator townsend of Delaware
the Republican member ana
former banker, sided with Senator
Tydings. Senator Wheeler, Railroad
Co-ordinator Eastman and SCI
chairman kennedy appeared to urge
the appropriation, but Mr.. TydingS
held the inquiry would be a "hShlng
expedition" and that he dldn
want it.
The Senate Interstate Commerce
Committee voted for the investlga-
ton. 49,.
Importance of the investigation
,,,,,icb nrobablv would lead to
changes in the railroad reorganiza-
ton law-to Mr.. Morgan is lndl-
Gated by testimony of DR.. Charles "A.
Beard of the Missouri Pacific indie
pendent Bondholders' Committee:
1.-THE Van Sweringens owe the
bankers $48,O00,000. The impor-
lance of so huge a sum to bankers
headed by j. P. Morgan g. Co. may
be gagged from the fact that the
amount now due the bankers from
the Van Sweringens exceeds the
total net worth of j. P. Morgan d
Co. at the time Of the railroad re-
organization statute on March 3,
1888.
1.-THE wiping out Of the Morgan
share of the huge banking loan to
the Van Sweringens' personal cor
porations might have been seriously
embarrassing to J. P. Morgan & Co.,
even to the point of threatening its
position as overload of some Of the
biggest railway, public utility and
industrial corporations Of the United
States"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Ne7O York Stock Exchange Prices
By United Press

By CHited Press
NEW YORK, May 2O.-Stocks adj
vanced in the early trading today
after an irregular opening. Deal
ings continued relatively light.
Leadership was not impressive
and there was no demand such as
featured some sessions last week.
Sperry Corp. featured in activity
and large volume was noted in Otis
Elevator, International Telephone,
Schenley, Fox Film, and Electrical
Musical Industries.
Sperry led an advance in the
aviation group. Strength in Otis,
which carried it to a new high for
the year at 2O9s, up rs, was as
cribed TO reports General Electric
was contemplating taking over the
company. Columbia Pictures hit a
new high at 6234, up 4%, on its re-
cent high earnings showing. Fox
made new high.
American Hide & Leather COM
mon f1rmed to AS, up Is, and the
preferred to 27A, up "a points, and
new 1885 high. United States
Leather issues made new highs at
gains ranging to more than a point.
United States Steel, Westinghouse
Electric, American Telephone,
American Can, Case, Bethlehem,
and Consolidated Gas made small
gains. Silver shares failed to folloW
up the rally and several declined.
Oils were firm.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Produce Market

Delivered in indianapolis prices: Heavy
breed hens. i6c. Leghorn hens. lac:
broiiers. , lbs and UP. zoe: Leghorn hrol-
ers. lbs. and up fun featht:ed. l8c; Leg
horn broilers ? lbs. and up fun teathereo;
isc. bareback broilerS. lsc COCKS ana
stays Sc Ducks. fun teathereo ana Ia;
Sc reese. full feathered and fat. &C. All
classes OF guineas. l5c, No ! strictly ires ini
country run eggs. loss Of l9c- Each fuI
case must weigh IS lbs. gross. a deduction
az i0c a nound under IS lbs. will be made
Butter-No / 2e0 SOC. butterfat. 2Se
Quilted BY the wadley Co.
BY United Press ,,,-ss.
CHICAGO Nav 20 - Eggs = MarSel
steady. REGENTS. 2+.s0e. extra nrsts. IS.
sIesh graasd Tsts 2iAs eu55Tsn' R EsGei2ts
Market weak; receipts. s2+s tubs: extra
1l sS scoTei- 5sfsc5 drsts SIS ! ST. score
2sa4 n24i4c. seconds S6f 81 score 4sc
specials &c 2oi-c. STANDARDS. - &C,
Standards. 25isc Poultrv-MarSet steady;
Nsceipts Il trucks, no cars. hens. Is .sst
20 e. broilers laise rock tryeTTs.- z &c:
Ceese. &c turkeys II lie: Leghorn hens
II C. LeEhorn hroilers. liza s'se: ROCK
Sprfrrers 14fsc CheeSe-TwinS. 1884, . &c.
DAISIES i4i4Il4iac Longhorns. l4i4s3
l4isc Potatces-Old stock. supply liberal,
Demand and tradinE moderate. market
slightly stronger. Wisconsin round whites.
IS roc. Idaho RusSets. 81 son so. New
stock supniv liberal: demand and tra6iing
good market stronger LouisseGa PISS
MISSISSIPPI Bliss TriumphS. 81 70 Z s. :
Alabama Bliss TriumphS 81 S. United
states No ? 81 20 Q IS. Arrivals. 2ls; on
track ssS. shipments. 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
HOGS CONTINUE
SHARP UPTURN
Market Generally IS Cents
Higher: Top Reaches
$3.50 Marx.

Porker prices, after advancing
sharply during the last week, again
surged forward in early trading at
the Indianapolis Union Stockyards
today. The market was generally
Is cents higher than Saturdays best
average.
The increase today carried prices
Of extremely good and choice nOgS
to the highest level reached since
March 5, when the top price was at
$3.50. The extreme sharp upturn in
prices, which started last week, is
being attributed mostly to a scarcity
of supplies throughout he country.
Receipts today, estimated at $500,
were the smallest number on hand
for a Monday session during the
last several months. The bulk, 160
to 275 pounds, was selling at 1910
to sJ75. while 275 pounds and up
cashed in at $3.50 to $9.65. Light
grades. weighing 100 to 100 pounds
was salable at SO to $3.50, while
others, scaling 100 to 100 hounds,
sold at 81 IS to $8.75. Packing sows
brought So to SO. Holdovers were
los.
Practically no change was evident
in the local cattle conditions. Most
classes of slaughter steers were I'M
changed at Saturdays close. Good
and choice classes were about alb
sent. Bulk of steers held under S11.
Receipts were 800
Vealers, advancing so cents, re-
gained Saturdays loss and were sell
ing at $3.50 down. Receipts were
600. Early sales were mostly I'M
changed in the lamb market, with
asking slightly higher on fed west
ern grades. The bulk Of spring
lambs ranged from $3.50 to SO, while
shorn slaughter sheep brought 81
down. Receipts numbered 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
On Commission ROW

Quotations below are average Wholesale
commission dealers.
winessEs 50 IS: Rome Beauties. 81 IS:
Ben Davis. l-50, BaldWins. 81 s.. Lemons.
Sunkist 260s. S4.25 GRAPEFRUIT. Califor-
Lines Mexican, per carton. rs. 2oc.
case g %. Tennessee Blackmores. 2f-Qt.
case. s.. GRAPES South America. 20-lb.
Honey Dews.. South America. 81 5003:
Mexican Jumbos. S. a crate. California
standards 81 crate
Vegetables = - Cabbage, new Mississippi.
bag 81 IS; New Georgia a hamper 81 50.
Onions new Texas yellow 50-lb. bag.
new Texas white. Sob. bag, s275 P0ta-
toes. Green Mountains. lOO-lb bag. 81 so:
selected cobblers i00-lb bag 81 50. north
ern round white. l00-lb bag. 81: Ohios.
s225. new Thumbs. l00-lb. bag. 50.
81; medium or seed. sli0. Nancy Hall
bushel sI35 Beans. round strinales5I
and trimmed medium doz.. soc jumbo
6of-hogse. doz. soc do5 box. s. IS:
sl.2501 so doz. Kale. busheL soc. Let
tuoe hot-house i5-.b basket 81 So Cali
fornia Iceberg head lettuce, S425 Man
Mint a doz.. .75c. Parsley. doz. 35c Peas.
California. hamper Sl.50a2. Spinach.
homegrown bushel e5c Radshes. doz,
zoe Turnip9ss. 5usheli si25 ParsniDs. han
new Texas. si.85 Carrots California.
crate. So %; doz.. COO. .Rhubarb outdoor
doz 30c. Mushrooms. ID 30Q CSC Toma-
sf T9a esfson i9? 'e da1 so. Fs9u
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
FARMERS INCREASED BUYING
POWER ACCOUNTS FOR BULK
OF ENTHUSIASM TOWARD AAA
Not All of the Gains Made Since 1892 Are
Attributable to New Deal Agency, However;
Drought, Dollar Devaluation Helpful.
BY ROBERT w. HORTON
Times Special Writer

WASHINGTON, May 20.-Figures of the Agricultural
Adjustment Administration reflect the source of the en-
thusasm which marked the proAAA rally of 1000 farmers
the other day The AAA is two old this month
Farm income in 1884 $609000OOOO, against S5O51
900 900 in 1888 The farmers had touched bottom in 1882
as the Hoover Administration drawing to close-that
year they only S4328 100000 They not their
feet vet Back in 1927 their pockets stuffed with
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
PROFlTLESS PERIOD
SEEN FOR BANKING
Excess Reserves High. Money Rates
Low, Hermann Points Out.

LuNs hthnAAn tAAAAS ONks
b. Timrs special
NEW YORK. May 20-A period
of "prohtleSs prosperity" is today
the lot OF the banking system. Henry
H. Hermann. executive manager Of
the National Association Of Credit
Men. Yesterday declared in his con-
ventiOn call. sent 10 the association 5
10000 banking. manufacturing and
wholeSaling members. for the 10th
convention in Pittsburgh beginning
June Il.
Some six or seven years ago Mr..
Hermann points out. 'one Of the
terms frequently heard when speak
ing Of business and the large VOL
ume experienced at that time, was
prohtleSS prosperity. Certainly the
banking system Of the nation has
never felt more forcibly such a pro-
fitleSS period than at present.
Excess reserves are unusually
high and money rates are unusual
IL low. This combination IS bring
ing a number OF the larger banks
70 the point where they must choose
new fields OF operation"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
SHEEP AND LAMBS
Receipts. 1900
(Shorn Basis)
Other livestock
lRv Tines specian

LOUISVILLE. Nav o-cattN-Receipts.
1000 cows preGominating in run, steers
scarce: demand broad. market fully
steady on all slaughter classes: bulk COM
mon 10 medium steers and heifers, 81 ;25
1925. better finished kinds mostly SO ;50a
70 so: odd head strictly good yearlinGs.
SiI. bulk beef COWS SIS 50h7, good heavy
COWS. 10 S7.so and higher for. smooth
heifer tvpes bulk low cutters and cutters
SO SOFAS sausage bulls ouotable. moStlv
SIS 5OsIs so. stoc&er trade active. fully
steadv. most better beef bred stock calves
mainiv ss 5H ca GAVE 500 IN
Guiding as stock calves. market steady
with Friday and SATURDAY: bulk. good 70
choice Grades, 1900 so. medium and
1000. market. IS cents hiEher than FRIDAY
and SATURDAY.. TOD and bulk desira bic
IsO-25o lbs So So 2SS lbs. I'd. So 05: 1so-
lis lbs 50: l+o-i55 lbs. $3.50: i2o-l35
lbs 81 SIS. sows welghlng 400 lbs. down
SIS. heavier sows discounted so cents.
Sheep-Receipts 500. market on. spring
lambs undsyelcoeG. most early bids lover
with BUYERS talking a weight a weight
dock forw e. feeees. sellers generally
asking steady or seas for bulk or better
trucked-in springe-S.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
WHEAT PRICES OFF
ON WEATHER NEWS
Continued Rain in South
west Offsets Alien FirmneSS.
By United Press

BV LntIeQ PfCSs
CHICAGO, May 20. - Bearish
weather reports sent wheat prices
lower today on the Board Of Trade.
At the start wheat was 4 to Z
cent lower, corn was - cent lower
to q cent higher, oats was Is cent
lower to Is cent higher, and rye was
off q to y cent.
Reports of continued rain in the
Southwest more than offset firm
ness at Liverpool as market in
fluence and wheat prices eased on
scattered selling at the start. Bart
lett Frazier g. Co.'S Liverpool cor
respondent cabled that the market
was firm in spite of discouraging
advices from this side, and that the
general feeling was bullish.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
STRIP STEEL patent fight
SEEN AS BETHLEHEM BEGINS
TO ERECT UNLICENSED MILL
Opening Gun Fired When American Rolling
Mill Filed Suit Against Allegheny
Steel Charging Infringement.
BY LEONARD ROGERS
Times Special Writer

NEW YORK, May 2O.-A patent is brewing in the
six billion dollar American steel industry. Opening gun
fired recently when the American Rolling Mill Co.. with head
quarters in Mddetown o. filed suit in Pennsylvania against
the Allegheny Steel Co., of Pittsburgh charging infringe
of the Ohio concerns process for rolling flat steel That
this lawsuit will reverberae throughout the industry nd
Gated by the fact that eight of the largest producing
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Hides and Skins

Hides-Greeu country COWS and steers
4Isc fat; green country bulls and CLUES,
&c fat: green country calf hides. Sc hat:
green country KID &c; NO. large morse
tails. $3.50 medium size. 50. All MOI ?
grade horse hides. SOC less; CLUES and
ponies halt price. No / rendered talov.
sd5pzc; No az value. yellow grease.
4iz q Sc: dark grease. 4dsizs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
(By Abbott, Proctor q Paine
OFFER OF EXCHANGE
MADE ON Hole LIENS
Holders of AS May Swap for New
Four-Year 112's.

By United PTes8
WASHINGTON, May 20.-Holders
of 4 per cent Home Owners Loan
Corp. bonds may exchange them for
new four-year IL per cent bonds,
the Treasury announced today.
The 4 per cent bonds are called
for redemption July l. 1885. The
new bonds will bear interest from
June /.
Secretary Henry Morgenthau esti-
mated the financing would save the
Treasury sS,125,00 In interest an
nually.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20

units have obtained licenses
from American Rolling Mill
Co. to use this process and have in
vested or are investing approximate
" S100,0000OO in equipment
That a second suit by American
Rolling Mill Co is in the offing was
| indicated by the recent announce
ment of Eugene G.. Grace, president
of Bethlehem Steel Corp, that
Bethlehem was building a strip
mill" along the lines of the Ohio
companys designs, had not pro-
cured a license and had no inten-
ton of applying for one.
Declines to Discuss
c. R. Hook. president of Ameri-
can Rolling Mill Co, visiting in New
York City, declined to discuss at
this time Bethlehem's new mill, now
in course Of construction, but con-
frmed the report that his company
had filed the infringement suit
against Allegheny steel Co.
The new method for rolling flat
steel was first placed in operation
in 1926. In the short period since
then it has revoluuonized the manu-
factme Of products constituting APP
prOXimately one-third Of total fin
ished products Of the steel industry.
American Rolling Mill Co., which
is one of the independent units Of
the steel group, with total assets Of
about $15O,O00,OO developed the
new method at one of its plants at
Ashland, Ky.
About the same time Columbia
Steel Co. PENNSYLVANIA completed
a mill of the same general descrip-
ton and actually was first to place
on the market mechanically rolled
sheets. American Rolling Mill later
purchased this company lock, stock
and barrel" and acquired in this
purchase further patents strength
ening ownership Of the new process.
Many Being Built
Mills to manufacture under
licenses from American Rolling Mill
have been built, or are in course Of
construction by United States Steel
Corp, Ford Motor Co, National
Steel Co.. Wheeling Steel Corp, Re-
public Steel Corp. youngstown
Sheet and Tube Co, Inland Steel
Co. and other concerns.
Allegheny Steel Co., with plants
at Breckenridge, Pa, and assets Of
S29,OO0,0OO, chiefly produces alloy
steels. but completed a -four high,
widestrip" rolling mill and began to
produce mechanically rolled sheets
a short time ago
Previous to 1926 all sheets and
light plates were rolled by hand
process. Last year production OF
the licensed mills aggregated 4,436,-
900 tons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
PRICE TREND CHECKED
Downward Movement in Index
Numbers Less Evident in April.

BIZ .rts special
NEW YORK. May 20.-The down.
ward trend in prices. as reflected in
index numbers, was less evident
during April than IN previous
months this year. according TO
report made today by Textile World.
Raw wool declined only three points
during April. against a loss Of eight
points tcr each Of the preceding
months. IL was stated.
After making a relatively good
showing III March compared with
-aw cotton. which has held around
steady. gray cloth slid three points
in April in the face Of a static cot
ton index, il was reported
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20

OF particular significance also is
~ the fact that E. H. H. Simmons
was selected as vice president Of
the exchange. Mr.. Simmons was
president of the Big Board before
Mr.. Whitney took over the reins,
and probably no man in Wall
Street is more representative Of the
Old Deal. as it is popularity known,
than he. But he did do an excel
lent Job in helping to clean up the
Street. He weeded out the bucket
shops" and insisted on financial re-
sponSibility Of member firms. He
also put through many other i'm
portant reforms. Having been
through one upheavel he should be
of unusual assistance TO Mr.. Gay.
Only those who were familiar
with exchange practices Immediate
" after the World War realize the
importance of the work done by
Mr.. Simmons and Mr.. Whitney.
Both were constantly pressing for
improved conditions. and both got
excellent results under the circum-
stances. With the support of the
government behind him Mr.. Gay
probably Will be able to accomplish
many things they found impossible,
but the invitation extended 10 Mr..
Simmons 10 help in another emer-
gency and the fine tribute paid to
Mr.. Whitney in Mondays vote are
no more than fair recognition Of
the efforts OF these two men.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
MGM CALLS PREFERRED

By Times special
NEW YORK. May 2o.-The board
OF directors Of AIetro-Goldwyn-Pic-
lures corp. has voted 10 retire its
outstanding preferred stock. i4i.69l
shares. June is az ST share, par
value, and accrued dividends.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Wall St.
Whitney Receives
R ignition for
Big Board Work.
BY RALPH MISUNDERSTOOD
Tines Special Writer

NEW YORK. May 2O-Richsrd
4 Whitney probably feels that
the members % the New York
Stock Exchange are not such a bad
lot. after all. Until the result Of
the recent election he had every
reason 70 believe he had been let
down BY associates. But by giving
him more votes than 10 any other
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20

candidate ia the
election Z D p y
showed that they
we're greatly APP
preCiative Of his
efforts
one can only
SD culate as 20
how Mr.. Whitney
would have Jared
had he run for
reelection as
president NJ the
Institution. The
evidence su gests
that he would
n We { o m q
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Other livestock

by United Press
FT WAYNE. Nav 20-Eoss. 20 20 Is
cents higher 275-1so los SO IS i6o-225
lbs Sc 5s: 3so-so0 lbs 50 IS 3oo-s50 lbs.
is0-is0 lbs. sass: i20-is0 lbs. IS IS. 100
so lbs sTss: rouRhs. Sc IS: stags. .s625;
calves. So Wooded lambs. $3.50. clipped
lambs $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Wheat Referendum May Is

A million corn and hog producers
have voted to continue the reduc-
tion-benefit system. On May % the
wheat farmers will vote, with indi-
cations of an overwhelming ma
iority for continuance.
Despite its successes, the AAA Is
a center Of bitter controversy. Re
ceiverS of benefits are happy.
Professors. who pay the tax, are
angry. Fights are impending in the
House and Senate. particularly III
the latter. over the AAA amend
mentS sought by Secretary Wallace.
The amendments are on the caIeh-
OARS of both houses.
One amendment would permit the
government to examine the books
and records of professors in order
TO watch their margins OF profit. A
second would give the Secretary OF
Agriculture authority to license
professors. The license power, how
ever. could not be invoked unless
half the professors accepted
marketing agreement or two-thirds
Of the producers favored it.
A third amendment would permit
the government to pay farmers in
crops instead of cash for reducing
production, the idea being to have
AAA absorb SURPRISES in big years
and distribute them among pro-
duCerS in lean years.
The fight against the amend
mendS is LED by Senator Byrd
ID. Va. who argues that they
would give Secretary Wallace ar
bitrary and autocratic control ever
the production and distribution of
every farm product"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
LOCAL CASH MARKET

City grain elevators are paying 90 cents
for No. soft red wheat other grades on
their merits Cash corn No. yellow,
eiiz cents. and oats Sc cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
SOVIET GAINS GOLD
April 1 Supply 47,6Os,4S0 Rubles
Above Year Ago.


Above Year Ago.
By Times Special
NEW YORK, May 20.-Gold hold
ings of the State Bank Of the
United States of Soviet Russia on
April 1 totaled S53,355,S3o gold
rubles. equivalent to s747S85.3 43 at
the present parity Of s08713 and
gain of 476OS,48O gold rubles over
the like 1884 date, advices received
today by the Soviet American Sc
curitieS Corp. disclosed.
The increase in the gold reserve
is a continuation Of a trend in evi-
dence since Sept. /. 1892, during
which gold reserves have advanced
over 10 per cent, it was pointed out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-20
Excess Reserves at Peak

Excess reserves of Chicago Federal Reserve
ber-banks reached new peak Of SS94, 900 in the
aceek ended Nay IS. An increase Of S22O000O0 lcas
shocn the preceding tCeek