davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
There's Balm in Gilaad
for City,S Housewives:
LiUing Costs Here LO70er
RY VINCENT LYONS
Times Financial Editor

THFRE'S balm in Gilead for
the many indianapolis house
wives who at present are fever
ish!y engaged in the Herculean
task of balancing the family bud-
get. The balm has come to light
in a study of the changes IN the
cost of living just released by
Faith M. Williams and Stella
Stewart, chiefs of two divl-
siors of the United States Depart
ment of Labor.
The average housewife, who has
resorted to some initiation of her
own by trying to make the present
dollar buy as much as it did a
year or more ago, gets a severe
case of the filters every time she
turns to the financial page and
learns that livestock values have
experienced another rise. She
knows that eventually this up
swing is going to be translated
into higher costs for the food
which she sets on the table.
Indianapolis guardians of the
family pursestring, how ever, can
console themselves with the
thought that their role is less bur-
densome than that of housewives
in other cities of the country.
DURING the five-month period
- ended Nov. 80, 1884, Misses
Williams and Stewart record, the
average cost of food purchased by
the families of wage earners and
low salaried workers increased in
all of 80 cities surveyed except
one. The exception, Of course, was
indianapolis, where decrease of
l per cent was registered.
The recession recorded here was
the more interesting when it is
considered that the increases in
the other cities ranged from l per
cent in Detroit and Philadelphia
to IS per cent in Los Angeles.
Another advantage was enjoyed
by this city in that for the same
month period the cost of
goods purchased by families of
wage earners and low-salaried
workers scored a decline of one
tenth of l per cent. Here again,
indianapolis showing was distinc-
tive, as the other 81 cities all re-
ported increases.
DY cost of goods is meant food,
- clothing, rent, fuel and light,
house furnishing goods and mis-
cellaneous other articles.
The food prices used in the
compilation we're drawn from re-
tail price quotations procured in
81 cities. These quotations we're
obtained from representative
number of grocers, meat dealers,
bakers and dairymen in each
city and covered AZ articles.
Fuel and light prices, includ-
ing gas, electricity, coal and other
fuel and light items, were OBJ
tanned by mail from regular
correspondents. All other prices
were gathered in the various
cities by personal representatives
of the Department of Labor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
INTEREST CUT
is ADVOCATED
ON Hole LOANS
Cheaper Rates Sought on
Heels of Slash on Land
Bank Bonds.

By Scripps-HowGrd Newspaper Alliance
WASHINGTON, March 4.-Ha-
raised Administration leaders in
Congress were plunged into new diff
ficulties today by agitation for lower
interest on government loans to dis
tressed city home owners.
Cheered by the Senate's recent l
per cent slash in Federal Land Bank
interest charges, leftist House men,
bers launched a drive for a similar
amendment to the Steagall bill-the
measure to add $4,000 100000 to the
lending power of the Home owners
Loan Corp.
Hole now charges 5 per cent on
15-year amortized loans The bonds
it exchanges for home mortgages
bear pa per cent, and advocates of
lower interest for home owners con-
tend the spread Of pa per cent is
more than enough to pay Admins
tration expenses and care for losses.
Aim IL Per Cent Cut
Rep. Ellenbogen ID, Pa is pro-
posing a reduction to 31a per cent
and extension of the amortization
period OF 25 years. Others are urg-
ing a l per cent cut. HOLC direc-
tors are opposing the reduction. It
would interfere with their efforts to
coax private capital back into mort
gage lending, they argue
Bond interest rates were origi-
nally fixed by the HOLC act at
per cent but the return was cut
to 23l when Congress voted 70 guar
antee both interest and principal.
The reduction meant paper saw
ing of about 35 millions a year on
the three billion dollars in bonds
HOLC was authorized to issue, and
the figure will be increased when
the additional billon-and- a-half au-
thorization is voted.
Fight Carpetbag Amendment
HOLC directors also are eXerting
pressure to defeat the "carpetbag-
ger" amendment, written into the
Steagall bill by the House Banking
and Currency Committee to sootfe
Democratic patronage seekers.
This amendment, proposing the
dismissal within go days of all
HOLC employees must have been
residents of the district at The time
the Office was established. This
means, according to officials, that as
years go by only "old settlers" can
qualify for jobs. The present law
contemplates the operation of HOLC
administrative Offices until 1851.
If the amendment is forced
through it will mean widespread re-
shuffiing of officials in the II re-
gional collection offices. Managers
of these offices, almost without ex-
ception, were selected from outside
the territory to avoid local influ-
ence.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
(By James E. Bennettl
A. T. & T. INCOME is
S6.52 SHARE IN 1884
Net Is Lowest Since Start of De-
preston, Report Shows.
By Times Special

By Times Special
NEW YORK, March A. The
American Telephone and Telegraph
Co., parent company of the Bell
Telephone System, failed to gain
any financial reward from 1884
business improvement, the COM
panys annual report revealed today.
Gross revenues and consolidated
net income of the system showed
improvement over 1888 figures, but
incorporating income taken in the
top company was sharply reduced
and the latter's net income per
share earnings consequently fell to
the lowest level since the depres-
sion began.
The parent company net income
was $121, 748,729, equal to 1852 a
share on outstanding stock, against
$137, 1856 76, or $7.37 a share in 1888.
Maintenance of dividends at the full
SO rate entailed a charge of S2.48 a
share to surplus, total of $45,211,-
746. In the previous year the charge
totaled $30,5O3 500, or $163 a share
paid out of surplus.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
FINANCIAL DATA

During the year 1884 funded debt
was decreased by about 100000,
cash and securities increased
s.. 4OO.O 900 but inventories dropped
more than S2.700.000 and net
working capital declined $1,000 900.
Profit and loss surplus dropped
s2.2O0.OO0. On Dec. 81. 1884, the
current ratio was 1912 10 l, while
the per share equity Of the conf
mon stock was sI7S3. or S110 less
than al the beginning Of the year.
Earnings have been somewhat err
ratio. due in large measure 10 I'M
stable cigarette prices. The low IN
recent years was IN 1888 when SO
cents was earned on the common
and Sis was earned in 1884.
Dividends were started on the
common in 1882 at the annual rate
Of SI20 This rate has been main
tanned. IN addition 81 cash extra
was paid Jan. of this year.
P Lorillard was incorporated in
1911 IN New Jersey. Both classes Of
stock are listed on the New York
Stock Exchange. At a current price
OF around 20i2 the common sells
70 yield better than So per cent
on its regular dividend. and for
Is times earnings.
AL Rights Reserved Winchester rnsti-
tass Of Finance. winchester. Aassl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Other livestock
fBv Times Special)

LOUISVILLE. March Cattle Receipts.
1850: run mostly steers and heifers:
quality much less desirable than week ago;
market slow, slaughter steers and heifers
steady, sausage bulls unchanged early
bulk, common to m edium steers and
ss.25d SO: latter for. several lots weighing
UP to 1925 lbs; bulk beef cows: s4.25d
5 so: good kinds and smooth heifer types
ouota6le Sc or better most low cutters
mainly s3.50d5; good beef bulls quotable
higher; stocker trade moderately active;
calves, s. 500 $50 few choice higher;
Saturday; bulk better vealers. s7.50d8.50;
strictly choice, SO; medium and lower
grades. $3.50 down. Hogs-Receipts, 100:
market steady with Saturday or Zoe higher
than last Friday; TOP and bulk desirable,
160-175 lbs. $500; 140-155 lbs So 40. 800
135 lbs, s745; sows from 400 lbs. down
$40; heavyweights discounted SC. Sheep
Receipts 100; market steady; bulk me
dunn to good lambs, sos; choice eligible
around $3.50; common light throwouts, Sc,
and fat ewes. $3.50 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
RAIN IN WHEAT BELT
BRINGS BEARISH TONE
Major Grain Opens Fraction
Lower; Corn, Oats Off.
By United Press

By United Press
CHICAGO March 4-Precipita
ton over the arid Southwestern
winter wheat belt brought bearish
tone in grains today on the Chicago
Board of Trade.
Wheat opened u to q cent
lower, corn and oats were off Il to
p cent, and rye was unchanged to
q cent lower.
Spots in the Southwest, long in
need of moisture, received rains over
the week end and the weather map
showed some sections still receiving
rains today.
Liquidation developed in wheat in
the face of f1rmness at Liverpool.
Corn was less active than wheat al
though the price trend here too was
lower.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
CONFERENCE IS CALLED
By United Press

LONDON, March A rise Of 8
shillings 9 pence a ton in copper
prices is seen as indicating conf
dence that an international restric-
ton scheme will result from the con-
ference to start in New York early
this month. British delegates leave
today on the Bremen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
HUDSON SALES INCREASE

By Times Special
DETROIT, March 4.-Retail sales
of Hudson and Terraplane cars be-
tween Jan. and Feb. % totaled
1927, an increase of approximately
5000 over the corresponding period
of 1884, it was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
PROTECTIVE GROUP IS
FORMED FOR HOLDERS
Committee Named to Handle Bald
win Locomotive Bond Problem


Bu Times special
CHICAGO. March "A protec-
tive committee for holders Of the
BALDWIN Locomotive Works flve-year
s per cent consolidated mortgage
bonds due in 1888 has been formed
at the request Of holders OF SUD
stsntiaI amounts Of these bonds.
An announcement by the COM
mittee stated that a deposit agree
ment providing for deposit OF bonds
and issuance Of certificates Of de-
post will be prepared IN due course.
but for the present. deposits are
not invited and Will not be accepted
Holders Of the bonds have been re
ouested 10 send TO the secretary OF
the committee their names and ad-
dresses and a statement Of the
amount Of their holdings.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
SILVER IMPORTS DROP

By ItmeS SpectGt
WASHINGTON, March 4.-Im-
ports of silver into the United
States during the week ended Feb.
% totaled $2,578 ,429, a sharp decline
compared with the preceding week.
the Department of Commerce re-
ported today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
IS DIVIDENDS FAVORABLE

NEW YORK. March 4-FavOrable
dividend changes during February
amounted 10 20. compared with 80
in January. and 10l in February.
1884. according 70 a report made
today by the Standard Statistics Co.
Unfsvoranle changes numbered y,
against g in January.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Wall St.
Important Changes
Going On in n. Y.
Stock Exchange.
BY RALPH HENDERSON,
Times Special Writer

NEW YORK. March largely
= behind the scenes. the New
York Stock Exchange is undergo
ing the most important changes n
its history. Some Of these are for
the purpose Of meeting the re-
ouirements Of the Securities and
Exchange Commission. while others
are intended 70 DIT the exchange
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04

IN step with the
new business con-
ditions.
Many important
people IN the
financial district
believe that spe-
culation as % was
known in 1923 and
1929 is a thing Of
the past They be-
lieve brokers &llI
be obliged 70 de-
pend largely on
investment pur-
cnases in the fu-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Stock Studies

p. Lorillard * Co. manufactures
wide line Of tobacco produces
but Specializes in its odd Gold"
cigarette. odd Gold" was first put
on the market in 1926 and through
intensive advertising Is now one of
the most popular in the field.
The stock Of P. Lorillard was
originally held by the American
Tobacco Co. but on its dissolution
in 1911 was turned over TO the new
company. Plants are owned out
right and modernly equipped.
ru-.<rvaE NARA
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04

tuTe for commissions. And il this
appraisal Of the situation proves
accurate. they expect the hearings
Of the average broker 10 be much
smaller than they have been
Serious consideration is being
given 10 the advlsa bIiltv Of raising
commisS0n CHARGES 10 partially Of
set the continued small volume OF
Of sales. Some are arguing for
graduated scale. depending on the
distance from New York City.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Is Depression Born

The American potash industry, as
now developed, is depression-b born.
The two mines near Carlsbad, N. NJ,
have an annual production capacity
exceeding 100000 tons of manure
salts. The principal producer here
is the United States Potash Co.,
which is jointly owned by the
SnOwden NIcSWeeney Co. and the
Pacific Coast Borax Co. The lesser
producer in this field is the Potash
Co Of America.
These mines, together with the
California plant of the American
Potash and Chemical Corp, which
RECEIVERS potassium from brines, now
supply about half the potash needs
Of American agriculture.
The United States Potash Co. be-
gan production at its mine near Ell
Paso in 1881 and completed its re-
fnery in 1882. The nearby Potash
Co. of America mine began produc-
ton about a year ago. These pro-
ducers operate on leased government
land and under administrative con-
troll of the United States Geological
Survey. Receipts. income and pro-
duction are reported to the govern
ment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
POTASH TRADE
HELD BACK BY
PRICE FACTORS
Spain Blamed for UnSound
Conditions Prevalent
in Industry.

II - . #fftFF ~ ttAf
NEW YORK. March 4.-Although
the infant American potash indus
try has producing capacity sufh-
Gent for domestic needs Of this
prime fertilizer ingredient, the
worldwide price war and oyerpro-
dUction has put this American in
dustrial stepchild of the Federal
government az a grave disadvan-
tage in competing with foreign i'm
portations, II was learned today.
Potash export prices IN the United
States are the lowest on record. The
price Of fertilizer. however, is high
er than a year ago. The American
price is half that of a year ago,
while the Franco-German cartel,
which once dominated the world
situation. now is selling potash at
prices one-fourth to one-third of
those prevailing in 1880. Potash IS
imported into the United States
duty free. placing the new Ameri-
can mines under a great handicap
IN high freight and labor costs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Produce Markets

Delivered in Indianapolis prices: Heavy
breed hens. lac: Leghorn hens &c; col
ored springers. 1sc; heavy. stays: &C., Leg
horn stays, &c; old ROSTERS, &c; ducks,
feathered and fat. &c; all classes of
guineas. 15c; No. ! strictly fresh country
run eggs, loss of: tic. Each full case must
pound for each pound under IS lbs. will
be made. Butter-No. 35qS6c: butter
fat. SIC Quoted by the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Retail Coal Prices

The following prices represent quota
lions from leading Indianapolis coal deal
ers. ascent carrying charge per ton
will be added.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
NeU York Curb
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

by United Press
WASHINGTON. March 4.-Government
expenses and receipts for the current
fiscal year to March /, compared with the
corresponding period of the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
LOCAL CASH MARKET

City grain elevators are paying SO cents
for No. soft red wheat. Other grades
on their merits. Cash corn No. 3 yellow
80 cents and oats 48 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
Blame Spanish Mines

New potash producers outside the
German and Alsatian fields have
brought about the price demoraliza-
ton of the world market, according
TO authoritative opinion. Most of
the blame IS given to the new Span
ish mines, which came into produc-
ton in 1882
Last year Spain, by cutting prices,
shipped twice the potash tonnage of
France under the Franco-German
cartel quota. In Europe 100 mines
have been paid to shut down. The
European cartel. which includes one
Spanish producer, quotas produc-
ton. Poland is not an important
producer.
Also complicating the world situa-
ton are the new Dead Sea mines in
Palestine and the extensive and po-
tenually great Russian fields. Pal
eStine came into production IN 1927
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04
HERE and there throughout the
II street are brokers who be-

HERE and there throughout the
II street are brokers who be-
lieve the Exchange needs a thor
ough 0verhauling from a business
practice standpoint Some even
would 20 so far as TO incorporate
the institution in order 10 reduce
taxes. Others would adopt certain
Of the London Stock Exchange
practices. such as splitting commits
sions with outsiders.
The position Of the sO-called Gus
toners man is becoming increas-
inglv precariOus. For the most part
his salary is based on the commits
sions he can create. and he mas
been non-productIve for so long
that ne Is being gradually crowded
out of the picture Many think ne
never VIII come back.
Rapidly the Exchange IS passing
from the private club type Of or
eanization 70 the usual big bust
ness enterprise. Old-timers are
FIGHTING the transition. but SEEM
inrlv II is a losing battle. The IN
surgents are receiving the support
Of the SEC.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04

TOR several months after the
Il SEC came into being insiders
on the Exchange were inclined TO
ignore the "uprisings" within its
own borders. They figured appar-
emily that there vas nothing 10
fear in that connection inaSmuch
as il seemed so disOrganized- Now
that the election methods are 10
be changed. however. these critics
have taken on added Importance.
an Iast-mInute efforts now are
being made to plaCate them ana
develop a united front
AS usual. developments are be
ing guarded with great care by OH
Gals OF the institution. 3ut brok-
ers drop bits of information here
and there. and. while these, pleced
together. may not present a per-
feet picture Of what is going on,
they furnish a sufficient basis for
the statement that the Exchange S
affairs are in a turmoil. They also
suggest that out Of the affair NAV
emerge some very decided changes
in policies and practices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04

Americas wartime famine of pot
ash led TO costly development of
potash mining in this country.
which was. however, short Lived
when European shipments flooded
this country after the war Only
the California property of the Amer
lean Potash and Chemical Co. sur
vived as an important producer.
The u. S. Geological Survey spent
much government money in explor-
ing and locating the Carlsbad IN.
No properties which now find
themselves at a grave competitive
disadvantage with the low-cost,
duty-free European product.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-04

NTED 10 ~9As ESTIMATE eANADA sas 100
The Fort Peck press., 1935-08-01
AUTO

Answering a query for County At
torney Eugene L.. Murphy of Choteau
the attorney general says that the auto
mobile owner who pays the registration
fee to a county treasurer other than the
one of the county in which the car is
owned or is subject to general taxes
torney Murphy, in requesting the OPP
inion, said that several Teton county
owners had registered their cars in
Cascade county. The Teton commits
sioners ordered the county clerk to pre-
sent a claim to Cascade county for the
amount of the licenses involved. Cas-
The Fort Peck press., 1935-08-01
ISOLATION of Commercial Seed Analysts

ISOLATION of Commercial Seed Analysts
also attended, making a total of 81.
A tentative uniform vegetable seed
labelling bill was presented and referred
back to a committee for further con-
~sideration, MI. Whitcomb said. Some
proposed uniform labels for field seeds
were presented, with the result that no
action was taken relative to their adop-
ton. The president was authorized to
appoint committees for the revision of
the rules for seed testing, the revision
of the constitution, and the writing OF a
history Of the association from the time
Of its inception to date.
The program consisted of 35 papers
and talks dealing with committee re-
ports and problems pertaining to the
technical phases of seed testing, the
enforcement of seed laws of the vari-
Gus states, and the federal seed act
requiring the proper branding of seed
for interstate shipment.
1.-THE organization has had a steady
growth and has played an important
part in keeping up the quality of the
seed offered for sale by cO-Ordinating
the work of the various state and fed
eral seed testing laboratories" said Mr.
WhitcOmb. 1.-THE next annual meeting
will be at Rochester, N. Y, in June,
1886, in conjunction with sessions of
the American Association for the Ad-
vancement of Science"
George A. Elliott of Ottawa was elect
ed vice president, and F.. S. Holmes of
College Park, Md, secretary-treasurer.
The Fort Peck press., 1935-08-01
Clean Out
Kidney Poisons
Yah Out Your Is Miles Of Kidney Tubes'

YAH Out Your Is Miles Of Kidney Tubes'
II kidneys don't pass 3 pints a day
and get rid of more than 3 pounds of
waste matter, the Is miles OF kidney
tubes and filters may become clogged
with poisonous waste and the danger
of acid poisoning is greatly increased.
Bladder passages are difficult, which
often smart and burn like scalding
water and cause discomfort.
This acid condition, brought about
by poor kidney functions is a danger
signal and may be the beginning OF
nagging backache, leg pains, loss of
pep and energy, getting up nights,
swollen feet and ankles, rheumatic
pains and dizziness.
Most people watch their bowels
which contain only 81 feet of intes-
lines but neglect the kidneys which
contain Is miles Of tiny tubes and
filters. II these tubes or filters be-
come clogged with poisons, it may
knock you out and lay you up for
many months. Don't run any risk.
Make sure your kidneys empty ,
Dints a day.
Ask your druggist for DOAN'S
PILLS, an old prescription, which
has been used successfully by mil
lions OF kidney sufferers for over 40
years. @ 1884, -Milburn Co
The Fort Peck press., 1935-08-01
All CLUB ACTIVITIES

Eleven hundred members and TO
local leaders attended All club pic
MICS and similar meetings visited by
r. E. Cameron, state club leader during
July. The Teton county All l PIC
mic, held near Collins attracted oUo,
Cameron reports. Nearly 50O ATTENDED
the annual club picnic at Columbus N
Saltwater county. Over IS percent of
The Carbon county leaders assembled
for a training session which was eli
NAKED with plans for a All club fair
at Fromberg this year. An even 100
leaders met at the Fred Jenni, ST.,
ranch near Lewistown for a training
session and to hear delegates report on
the state club convention.