davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1935-11-20
DRIVER JAILED
IN CAR CRASH

Charged with, driving while
drunk, two cases Of assault and
disorderly conduct, James c.
Harris, 20, 305 C st. N. w., cab
driver, was arrested and taken
to No. 4 Precinct today after his
taxicab, attempting to elude a
pursuing policeman, crashed with
another cab on Fourteenth Street
Northwest near Constitution Ave
nue.. ~ r,..
Both cars overturned and traf-
fic was tied up more than half
an hour as q result Of the crash.
Neither Harris nor Henry B.
Tolson, 27. 1885 e st. s. E., driver
of the other cab, was injured,
police said.
Policeman Spottswood F. Grave.
ly reported while driving at Four
teenth and Water Streets south.
west, he saw Harris cab skip" a
red light. The policeman pursue /
the cab at a fast rate of speed
through several red lights along
Fourteenth Street. Near Constitu.
ton Avenue, the fleeing cab at
tempted to skip another light
when 1t crashed into the cab
driven by Tolson, oyerturning the
latter vehicle.
Harris cab then careened aero IS
the street. struck a car operated
by Irving o. Rosen, Brooklyn, N. Y,
and overturned. Police said when
Harris was pulled from the over
turned vehicle, he got into fist
fights with Tolson and Policeman
Gravely.'
The Washington times., 1935-11-20
100000 Liquor Fire
Wrecks Apartment

WATERLOO, Iowa, Nov. 20
QNSJ-A 100000 fire originat-
ing in the Iowa State liquor
store was brought under control
shortly before a. m. today after
breaking out a second time at
4:30 a. m.
Two two-story buildings, one
housing the liquor store and an
other a food store and apart
ments, were badly damaged, their
roofs burned off, and their in
teriors ruined.
The Washington times., 1935-11-20
Sanger Will Relate
Horrors Of Russia

Horrors he experienced in Rus.
sia under the Soviet government
will be described by Richard H.
Sanger to the Conduit Road Citi-
zens Association in the parish hall
OF st. David's Episcopal Church
tomorrow night. Sanger and his
wife worked in Russia for more
than a year,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
312 P. C. LOANS OFFERED
FOR HOME FINANCING
New Low Rate Applies to Indiana
and Michigan.

Money as low as 81 per cent to
assist and encourage the building
and loan associations of Indiana
and Michigan to provide plentiful
funds for home financing is offered
by the Federal Home Loan Bank
of indianapolis, in an announce
ment today, by F. B. McKibbin,
president
This comes at a time" the bank
official stated, when many home
owners begin to plan repairs and
modernization and others ere
getting ready to start new con-
struction."
The rate is the lowest authorized
by the Federal Home Loan Bank
Board for use in any Of the u bank
districts. 1t applies TO the one-year
secured advances. Member associa-
tions may obtain funds on a short
term unsecured basis, or on ten
year collateralized plan at slightly
increased rates"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
PMENTS OF
PRODUCE CLIMB
CarIOt Movements Rise 13
Per Cent in First
Week of April.

~ iWtS Npfcfdt
WASHINGTON, April 13.-Carlot
shipments of produce in the mid
western district during the initial
week of April showed an increase
of Is per cent over the preceding
week, according to the weekly re-
port of the United States Depart
ment of Agriculture released today.
Stimulation of shipments of
northern potatoes by rapidly ad-
vancing prices and the truck crop
movement from the South increas-
ing with the progress of the sea-
son were reported as the two prin-
cipal factors behind the upward
movement There were sharp in
creaseS during the week in lettuce,
cauliflower, strawberries and to-
matoeS.
The majority of southern produce,
except peas and peppers. are now
back to fairly normal volume for
this time of the year. Current
shipments Of old onions are run
ming low. with potato movements
active. The sharpest advances in
the potato market during early
April were registered in Maine
where sacked stock was selling from
70 cents hundred weight.
Carrots sold at slightly higher
prices during the week in sympathy
with rising values of other northern
vegetables, but heavy receipts from
California and Texas prevented any
sharp advance. Sweet potatoes
maintained a steady market tone,
while tomatoes showed slight weak
ness with rapid increase in Flor
ida shipments.
The midweStern strawberry sup
ply has shifted from Florida to
Louisiana with quality showing
some improvement this month.
Prices have recovered moderately
during recent weeks from the ex-
tremely low point and are now SELL
ing from 10 to Is cents a pint. Let
tuce prices still remain at high
rate in the midWestern cities with
some selling as high as $3.50 a crate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
INTEREST RATES
ON NEW BONDS
PLUMBS LOWS
New York City Issue Sold at
Best Rate in 80
Years.

BV Times Special
NEW YORK. April I3.-Invest-
ment leaders were disposed today 10
withhold opinion as 10 how far the
current process Of shrinking interest
rates on loans TO Federal. state and
municipal governments is likely to
be carried. The spectacle Of New
York city obtaining a premium from
a banking group on 81 per cent
bondS-the lowest cost to New York
city for such financing in thirty
yearS-waS received with consider
able of a stir in bond trading CEN
tiers, particularly among groups
identified with municipalS.
In recent weeks. bond men have
witnessed one slash after another at
the already reduced coupon rates.
With Federal issues headed we'll be-
low 3 per cent and municipalS draw
ing steadily down toward 3. especial
ly on longer-term paper. the stop
ping point has ceased to become
even a subject of conjecture.
No Stop Likely
The general indefinite opinion is
that nothing can stop the down
trend of interest rates on govern
ments and municipalS so long az
those borrowers virtually have the
field to Themselves. insofar as alb.
sorption of new funds is concerned.
Money is available in enormous
amount. and it is going to work in
the only field offering employment.
at its own terms. In some quarters
it is feared that the turnabout NAV
be somewhat abrupt if industry
should develop a demand for invest
ment money.
Contrast With Britain
The fact that new capital issues
in this country have represented al
most entirely increased state and
municipal financing. in such invest
ment expansion as has taken place
in the last year, is emphasized in
the monthly review of credit and
business by the Federal Reserve
Bank. The situation is Contrasted
with a much different rise in ex-
pansion of capital issues in Great
Britain.
State and municipal issues, it is
pointed out, are a minor factor in
British capital issues, yet the level
of security issues for new capital
purposes has recovered in Great
Britain to about 80 per cent of the
1920-1925 average, as against about
25 per cent recovery in the United
States.
Furthermore. financing for new
capital purposes has been on the up
grade in Great Britain since the be-
ginning of 1882. whereas the less
marked uptrend here Cand &C
counted for almost entirely by
states and municipalities. has been
in evidence only since the beginning
of 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
NET EARNINGS DROP
Niagara Hudson Power Corp. Reports
Income OF as Cents a Share.
By Times Special

bV IWts NVttIHt
NEW YORK. April 13.-Consoli-
dated net earnings Of the Niagara
Hudson Power Corp. during 1894
amounted to s4051,590, compared
with s5.777,70 in the preceding year,
according TO a report made today by
Alfred H. Schoellkopf, president.
This was equivalent to IS cents
share on the outstanding capital
stock, against IS cents a share in
1888. Mr.. Schoellkopf also pre-
dicted at the annual stockholders
meeting that the light and power in
dustry is On the upgrade.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
What 7 v A
Really Means

Down in the valley Of the Tennessee River the
most far-reaching social and humanitarian project
ever launched moves steadily toward ultimate achieve
ment. To most people the cryptic letters IVA
familiar. But few realize that they symbolic pro-
gram of such magnitude that it directly affects the
people of our own Indiana.
The reclamation of thousands of square miles
of once productive land reforestatOn to prevent
soil erosion the rehabilitation Of nearly 900
under-priveged people who, under present conditions,
are now able to exc out only barren existence
an opportunity for better homes better schools, and
a finer, fuller life "a. these are some of the things
IVA is designed to accomplish.
To understand this gigantic project, to really ap-
preciate its significance Gan impossible undertaking
by a mere study of dry official reports -Talcott
Powell, Times editor spent 10 days making personal
survey of the territory and its people.
Mr. Powell has set down his observations expert
ences and impressions gained during this irst-hand
study of IVA in series of interesting and informa
tive articles. They bring you Complete, closeup
authoritative view of the entire project You'll thor
oughly enjoy these articles the first Of which will
appear
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
Weather Ruling Wheat

Statistical data of the trade. ordi-
narily little considered by the flu
lures traders, has become of high
interest. Receipts of corn at Chicago
Is an instance. Trains rolling into
Chicago from the corn belt are
checked every morning. cars of corn
counted and the result flashed to
the Board of Trade with all pos
sible speed.
II the receipts for any one day
run up to 100000 bushels. the har-
ried shorts derive announcement
Tor the though that the farmers
holding movement is breaking down.
When the receipts dip to $4,000
bushels, or less, as it frequently does
on particular days. the squeeze in
May looks more probable.
Wheat, while the feed grain oc-
cupleS the spotlight of public atten-
ton, hoverS in value around 95 cents
for May, which is exactly 7 cents
bushel higher than it was worth
year go, and price fluctuations in
the immediate future depend. in
greatest measure, upon the weather.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
FINANCIAL DATA

During 1884 the funded debt was
reduced by nearly S1,400000. Cash
was 100000 less, but inventories in
creased nearly 100000 while net
working capital gained nearly 81
100000. Investments dropped
nearly $1,400000 and surplus gained
$1300,000. On Dec. 81 the
current rate was nearly "A to l,
while the common share equity was
S148.23 or $433 less than the year
previous.
Earnings of American Sugar have
been fairly steady during the last
five years The common stock
earned $4O3 in 1888 and 1855 in
1884. The company has been liberal
with dividends, though conservative.
The present rate of 50 was paid in
1888 and 1884
American Sugar Refining was in
corporated in 1891 in New Jersey
Both classes Of stock are listed on
the New York and Boston Stock
Exchanges. At a current price Of
around 81 the common sells to yield
81 per cent and for Is times 1884
earnings.
(All Rights Reserved Winchester Institute
of Finance. Winchester, Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
INSURANCE BILL SIGNED
New Compensation Guaranty Law
Passed in Minnesota.
By Times Special

ST. PAUL, April 13.-The COM
penSation insurance guaranty bill
which is considered the most i'm
portant piece of insurance legisla-
ton enacted at the present session
of the Minnesota Legislature has
has been signed by Gov. Floyd B.
Olsen, it was announced here today.
Under the new law all companies
writing compensation losses in the
state are required to chip in and
make good the defaulted awards
against financially distressed COM
panies. 1t has been Endorsed by
both stock and mutual companies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
BANK CLEARINGS DIP
Total for % Cities Shows Loss of ga
Per Cent Over 1884 Week.
b Ifmds NUfcial


NEW YORK. April l3.-Bank
clearings this week showed some re-
cesSion from preceding weeks, as
we'll as from those Of a year ago.
The total for the % leading cities IN
the United States for the week
ended April 10. as reported by Dun
& Bradstreet. Inc. was IS. 200. SIT 900
against S5.742 $4,000 for the same
week OF last year. a loss OF % per
cent.
This contraSted with a gain OF ia
per cent IN the previous week. Al
New York City. clearings were So
624.ll6000. a reduction of l4S per
cent from the amount reported last
year. while the aggregate for centers
outside Of New York of $3.50, 459 900
pas SO per cent higher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
SHEEP AND LAMBS
Receipts. lFOU-
sham RaSfA
BANK DEPOSITS RISE
81 Timcs Special

CHICAGO. April l3.-Deposits Of
the weekly reporting Federal Re-
serve member banks in Chicago
broke their downtrend of the three
weeks in March in the period just
ended. with a gain in indicated
gross deposits of s95,000.0O0 and a
gain in indicated individual deposits
of sos GO 900, it was reported to-
dav.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
DIVIDEND is IS CENTS
By Times Special

NEW YORK, April ia divi-
dend Of Is cents a share on the
common stock. payable April II to
stockholders of record April 10. was
declared today by directors OF For
eign Bond Associates.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
Stock Studies

The American Sugar Refining
Co. is a leader in this country in
the refining of sugar. It's refneries
are located at tide water in Balti-
more, Philadelphia, Brooklyn, Bos-
ton and Chalmette, La. Plants have
ample rail and dock facilities.
Capacity of rehneries is just
slightly less than one-third the
total output of the country. Amer
lean Sugar manufactures So grades
of sugars and syrupS, put out in 100
different packages, many of which
are sold under wen-known and ma
tionally advertised trade names.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
INDIANAPOLIS, SATURDAY, APRIL 10, 1885
INCOMES SHOW
RISE OF BILLION
OVER YEAR AGO
Consumers Received More
in January and Feb
ruary Than in 1884.

81 Times Special
NEW YORK, April 13.-The
American public received nearly a
billion dollars more from pay rolls
in industry trade, service and
transportation as well as from the
sale of farm products and govern
ment payments to agriculture dur
ing January and February than
during the first two months last
year. A. w. Zelomek. economist of
the International Statistics Bureau
Inc, asserted today.
The bureau estimated consumer
income at S7,O37 100000 for the first
two months in 1886, as compared
with S604O,O0O,OOU for the CORE
spending period two years ago. This
was the highest total since 1881
Highest Since 1884
The February index of incomes,
after seasonal adjustment, was the
highest, with the exception of July,
1884, since September, 1880.
The greatest percentage of in
crease was in income from manu-
featuring pay rolls, which were 29.9
per cent higher than a year ago.
The second largest increase was in
the pay rolls Of the metalliferous
mining and canning and preserving
industries. Pay rolls of Class I rail-
roads showed a fractional decline
for the first two months under a
year ago.
Income from trade Jagged as COM
pared with that received from in
dustry. Public utilities showed a
smaller increase in pay rolls than
manufacturing industries. Farm in
come, including government pay
ments, showed an increase of only
SO per cent.
Explains Buying Gain
According to Mr. Zelomek, the
estimated billion dollar gain in con-
sumner income explains to a large
extent the sharp increase in the
public's expenditures for such items
as automobiles, electrical appliances
and, to some extent, -luXurieS.
1t is also accountable for the lat
est improvement in consumer ex-
penditures for general merchandise,
which are now considerably above
the corresponding period a year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
Trends
Highlights Of News
During Last
w eek.
by FREDERICK MATSON-
Times Financial Writer

OLIVER has occupied the center
- Of the stage IN Washington
several western capitals and mar
ket circles the last few days. The
Administration ls seeking 20 speed
advancing commodity prices by
paying more for the domeSticaly
mined product. -. over night sill
yer prices were boosted from 6464
cents 10 Till cents an ounce. The
movement carried definite infa-
tionary possibilities. Treasury Of
ficials SAID the rise was likely TO
carry up the price Of various COM
modditieS. stimulate new silver pro-
duction and lead TO issuance Of
additional money against the in
creased amount Of newly mined
silver turned IN 80. The New YORK
price for foreign. bar silver was
fixed at 90 cents an ounce yes
tcrday. an advance Of 2 - cents
over the previous level and the
highest since Jan. g. 1926. The sill
yer bloc, flushed with victory,
sought 10 gain further advantage
by mandatory buying legislation
and force the 16-to-1 ration. At
the same time Henry Morgenthau
Jr.. Secretary Of the Treasury
warned the bloc not to tamper,
limiting at possible crises in inter-
national exchange. . Indiana
share IN the S887512.2 55 or Agri-
cultural Adjustment Adminlstra-
ton expenditures TO March /,
amounted TO s20,86l.381, Admins
traitor Chester c. Davis reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13

TINE Marion County Council au-
i thorized the County Commits
sioners to issue poor relief bonds in
the amount of s1.25O0OO. for deliv-
cry MAY l. The money from the
bonds will be used to pay out
standing obligations and TO finance
poor relief until the end Of June.
Their issuance is provided for in a
law passed by the last General As
semblv. Under the former
system of paving for relief pur-
chaseS. no method was provided for
issuing bonds. The practice then
was for vendors of food and other
supplies to credit the bill and even
tually bring friendly suit
against the township for the
amount involved. with interest
accruing at as high as per cent.
With the bond issue method now in
force. prompt payment Of bills IS
assured. Legal notice Of the
SSOO.O00 revenue bond issue TO be
used by the utility district Of Indi-
apoliS in acquiring the Citizens
Gas Co. was published in all three
Indianapolis newspapers Monday
Yesterday. that notice was Scrapped
and a new stipulation advertised.
Directors of the utility district said
the changes are Ito facilitate the
sale and make the issue more at
tractiye.' Most important revision
in the new advertisement provides
that the bonds 10 be sold Will ma
ture in not more than 10 years.
The original announcement stated
that the life of the contemplated
bonds would be limited TO not more
than 20 wears.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13

II ETENTION of the profit mo-
N tive was advocated by Daniel
c. Roper. Secretary of Commerce,
in an address delivered Wednesday
at the luncheon meeting Of the In
dianap0lis Chamber Of Commerce
in the ClaypoOl Unless business
prOspers. such earnings must fall,
he said. and hence. successful bust
ness is the keystone in the arch Of
our national welfare. A thin
ming out Of financial houses in In
dianap0lS during recent weeks was
again evidenced Monday by the
filing in Federal Court Of a volun-
tary petition in bankruptcy by
Pfan q Hughcl. lOca. investment
securities firm. Scarcely two weeks
ago the nationally known broker
age firm of Fenner &, Beane closed
its indianapolis agency and merged
with the local branch of Abbott,
Proctor & Paine. Following
close on Pfaf & HugheTs bank
ruptcy petition, the state Securities
Commission revoked the firms Ii
CcnSe and announced it would
launch an investigation into the
cOmpany's affairs. An inquiry also
is expected to be made by the Mar
ion County prosecutors office
For the first time since 1925 an in
crease over the preceding year was
shown last year in the number and
value of buildings for which per-
mits were issued. the bureau Of la
Dor statistics of the Department of
Labor reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
What Does IT Mean?

Blocked Funds-Money in foreign country which
can not be withdrawn mless product service
bought at that point is knopn being blocked" This
occurs chere exchange restrictions are IN effect.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13

A few strokes of President
"A Roosevelt's pen on the
S4.880 600 600 work-relief bill Sun
day released history's largest lump
sum appropriation. Nh Roosevelt
signed the resolution aboard train
en- route from Florida to New York.
The peak load in the program will
be reached in November. he
indicated. Meanwhile. he ordered
immediate expenditure Of Sl55.-
100000 by the Federal Emergency
Relief Administration and the Civ
ilian Conservation Corps.
Farmers in western Kansas this
week gave up hopes of a wheat
crop. A new dust storm, denSer
and more destructive than the doz-
ems which already have swept their
fields. tugged at what vegetation
remained and threatened to leave
a third of the state virtually bar
rem. Effects of the adverse weather
reports we're felt daily in the grain
markets Income tax ColleC-
lions from ga districts at the end
of March amounted to 1921 ,726. 348.
and increase of 397 per cent over
the corresponding month in 1894.
according to a Treasury report. In
Indiana. 81 per cent increase
in Federal income tax collections
during last month over March,
1884. was indicated in figures COM
piled by VIII H. Smith, internal
revenue collector.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
Shorts in Tight Corner

In less technical language, This
means a lot of traders sold corn
short some time ago, bulking their
transactions in the May option Of
the Chicago Board Of Trade. Stocks
Of corn in Chicago have dwindled to
almost unbelievable figures in the
meantime, stocks on farms are much
lower than last year, and farmers.
bOlstered by AAA aid, are holding
back from market such corn as thew
have.
The result is that the time for de-
livery on these sold May options is
rolling near and the distinct posi-
bility exists that the shorts" will
have difficulty fulfilling their con-
tracts.
The outcome, according to shrewd
market observers. depends largely
upon the ability of holders of long"
futures contracts in the May posi-
ton to hold out in the face of cur
rent high prices, and the consequent
opportunity to collect a fat profit
now.
On the chance that the longs"
Will hold out, forcing the corn
shorts to bid up this grain to buy
back their contracts. a lot of "strad-
die speculation has been drawn
into the market.
The straddle in this situation con-
SlstS OF sales of wheat matched by
purchases of corn. In such a deal
the market operator expects to prof
it as the spread" between the prices
Of these two commodities widens-
If it does.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
CORN SQUEEZE
FACES TRADERS
AS SUPPLY DIPS
Yellow Cereal Pushes Aside
Wheat in Bid for
Attention.
BY LEONARD ROGERS
TimeS Snrcial Writer

NEW YORK, April 13.-Corn at
a price level 90 per cent above that
Of year ago, with short stocks and
problematical prospects for the new
crop, has shouldered aside wheat,
the age-old leading cereal, in the
bid Of the grains for speculative at
tention recently.
The situation that has brought
this about is what technically is de-
scribed as "a tight position in May
deliveries" Various trade leaders
have intimated recently that a pos
tive squeeze" in May may de-
Velop
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
LOCAL CASH MARKET

CITY grain elevators are paving 30 cents
for No. soft red wheat Otner grades
on their merits. Cash corn No. yellow.
80 cents. and oats 40 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-13
Local livestock

Reprinted from yesterday
HnGC