davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
swine VALUES
AGAIN DISPLAY
UNEVEN TREND
Medium and HeavyWeights
5 to 10 Cents Lower:
Lights Steady.

Although receipts increased sharp
ly today at the indianapolis Union
Stockyards, the pork market still
displayed an uneven trading range.
The general market was around 5
to 10 cents lower than yesterdays
strong average, while lightweights
remained unchanged.
Receipts were estimated at 5000,
compared with only $500 on hand
yesterday. The sharp increase is at
tributed largely to improved wealth
er conditions, which has prevented
shipments of livestock throughout
the state. With the liberal supply
available, trading developed slow
and buyers were inclined to be Sc
lective. Holdovers numbered 365.
The general bulk of 100 to 225
pounds, brought $1010 to $10.25,
with the latter also being the top
price. Medium heavyweights, seal
ing from 225 to 275 pounds, cashed
in at $9.75 to $40, while weighty
classes, from 275 pounds and up
ward, sold at $940 to $3.50. Light
weights, scaling 100 to 100 pounds,
ranged from $3.50 to $40. Packing
sows held at 1925 to $875.
Trading also was somewhat ir-
regular in the cattle market, with
steers and best heifers tending low
er and all other classes steady. The
bulk of slaughter steers was valued
to sell at $11 down. Most heifers
were salable at $3.50, while bulk of
sales ranged from $5.25 to $3.50.
Beef COWS and bulls sold from $3.50
to $6.25. Receipts were 900.
The veal market, following a
steady opening, moved largely so
cents higher than yesterdays close.
The bulk ranged from $13 down.
Receipts were 300.
Early sales we're scarce and I'M
changed in the lamb market. The
bulk consisted largely of fed West
ern grades. Few sales, however,
were Is cents lower, with the bulk
holding at $11.50 down. Slaughter
sheep ranged from 1925 to S.. Re-
ceipts we're $500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
BLUFFT0N FIRM MOVES
IN MORE EQUIPMENT
General Machinery Co. to Start
Production Shortly.
Times Special

Times Special
BLUFFTON, Ind, Dec. 27-The
General Machine Co., Inc, manu-
facturers of bread wrapping and cut
ting machines, through cooperation
of the Chamber of Commerce are
moving machinery and equipment to
their new plant at Bluffton from
Battle Greek, Mich, it was an
nounced today.
The factory, located in the Ma
sonic Building on N. Main-st, is ex-
pected to start production as soon
as the new equipment is installed.
The company also is going to manu-
facture blades, sharpenerS and other
parts for the wrapping and cutting
machines.
Carl Littlefield is to retain his po-
sition as plant manager, while 9TH
er directors on the board include
Victor Brown, George S. Morris and
w. H. Eichhorn, all of Bluffton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
UTILITIES MAY
ASK REPEAL OF
HOLDING co. ACT
Firms Not to Rely Solely on
Courts for Relief,
Is Indication.
BY RUTH FINNEY
Times Special Writer

WASHINGTON, Dec. 27.-Instead
of relying only on the courts for
relief from the holding company
act, utilities will turn again to Con-
gresS and bring pressure for its re-
peal or modification, according to
fresh indications today.
An earlier statement from the
committee of public utility execu-
tives indicating this would be done
is reiterated by Wendell L. Willkie.
president of the Commonwealth 81
Southern Corp, in the Magazine Of
Wall Street.
Mr.. Wilkie calls for an outpour-
ing of public opinion on the subject.
Reasonable" Bill Urged
eff the people of this country who
are interested in its economic re-
covery and who are unallured by the
European concept of public owner
ship and control will but assert
themselves" he says, "the Congress
of the United States in January can
pass an act which will correct all
alleged past abuses in this industry
and prevent their recurrence in the
future without at the same time
throwing this great industry into
state of chaos.
Congress meets in January and
the whole problem can be solved
without the long travail of litiga-
ton and continued unemployment
by the passage of a reasonable bill"
New Deal advocates of the hold
ing company act consider this an
indication that the utilities are none
too sure of winning on their con-
tention that the act is unconstitu-
tional
Passage Would be Difficult
So far no member of Congress
has announced his intention to in
troduce the power company mea-
sure and no announcement has
been made as to what would con-
Stitute a reasonable" bill.
Congress is additionally less
amenable to Administration control
IN an elecClOn year, ana IN the past
utilities have been substantial con-
tributors to the campaign funds of
many members of Congress. The
holding company act was bitterly
fought in the last session, and
passed by only a small majority in
each house.
However, chairmen of both COM
mittees through which a new bill
would have to pass are strongly in
favor of the measure now on the
books. Even if such bill reached
a vote in the House and Senate, the
power companies could not win
without getting two thirds into
their camp-enough to override a
veto.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
Trends
LaXness in Issuing
Bank Charters
Charged.
BY JOHN L. FLYNN

NEW YORK, Dec. 27.-The
= American Bankers Associa-
ton has been studying our banking
diseases. The study was made UNI
der the direction of Leonard Ayres
of Cleveland. It's results are an
nounced by Robert v. Flemming,
the very able and genial president
of the American Bankers AsSocia-
ton, and, what is more to the point,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
BuSigraphS

Money is continuing to circulate
faster. This is most encouraging for
it is the speed of circulation rather
than the amount of money in circu-
lation which really tells the story.
This favorable condition is shown by
the growth in bank debts, outside
New York City, as reported by the
Federal Reserve member banks.
Debts in November exceeded year
ago by % per cent, and were the
highest for any November since
1880. y.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
NOVEMBER INCOME UP
Illinois Central System Reports
Increase of S154,9S2.

CHICAGO, Dec. 27.-Net operat-
ing income of the Illinois Central
System for November amounted to
S1,l07 020, an increase of S154,982
over the amount earned before
charges in the corresponding month
a year ago, it was announced today.
Gross revenues during the month
totaled S8.505,740, an increase of
S1,010,749. The system reported a
net operating income of $10,555, 789
for the first II months this year,
a decrease of $1,224,111 below the
net of the same period in 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
PLANE AWARDS MADE

Times Special
WASHINGTON, Dec. Gloon
tracts totaling approximately
100000 have been awarded the
Boeing Airplane Co. and the Doug
las Aircraft Co. by the War De-
partment, it was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
DIVIDEND Is DECLARED

NEW YORK, Dec. 27-Directors
of the Globe and Rutgers Fire In
surance Co. have declared a divi-
dend of S6.15 a share on the second
preferred stock of the company,
payable March /, 1886, to holders of
record Feb. ID, 1896.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
CO-TRUSTEE is APPOTNTED

NEW YORK, Dec. 27-George S.
Gibbs has been appointed president
of the Postal Telegraph and Cable
Corp. to act as co-trustee with for
mer Gov. Alfred E. Smith in reor-
ganlzation of the corporation under
Section lib of the amended bank
ruptcy act.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27

president Of the
very sound and
wisely managed
Riggs National
Bank of Wash
ington.
But the result
is, to say the
least, interest
inginteresting
if not novel.
T he bankers
find that, what
ever the weak
nesses of our
banks at the
bottom of the
matter is the
laXneSS of the
state and ma
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
DECEMBER OPTIONS
FEATURED AT PITS
Wheat Prices Go Upward
on Short Covering.
Rn Lnitcd PrcoS

By Unitcd Press
CHICAGO, Dec. 27,-December
contracts held the spotlight in the
wheat pit today on the Chicago
Board of Trade. The contracts will
expire today, and short covering
sent the current month upward.
At the start wheat was 4 to 1-3
cent higher Corn was unchanged
to up Il cent. Oats were unchanged
to up Is cent, and rye was I'M
changed.
AS far as pit operations are con-
cerned this was the final day for
clearing up December contracts, and
trading interest was conferred in the
current month.
(By James E. Bennett 4, CoO
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
Local Securities

because quotations on local securities
are unlisted on an Exchange, The Times
can not assume responsibility for the ac-
curacy of these figures gathered from local
brokersD
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
Petition to Consolidate

The Niagara Hudson Poaoer Corp has petitioned to
consolidate 10 operating utility companies IN another
to bring about smplifcation of its corporate
structure. Of the 10 firms subsidiaries of the
corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27

tlonal governments in chartering
banks. On that point every one can
concur. But this laXness is at
tributed to the competition be-
tween the state and the nation in
issuing charters.
The states hungering for banks
have progressively liberalized their
terms in their bids for banks. The
Federal government, thus forced
TO compete, has progressively lib
erallzed its terms to hold its banks
and get more from the states.
THE baleful influence of this
situation can not be doubted.
What is interesting about it is that
the bankers should be pointing it
out now-at this particular juno
ture in our affairs.
What is true of the banks is, of
course, true of almost every other
type of business. 1t is true, for in
stance, of cur corporation laws.
Here we have, not the competition
between the states and the govern
ment, but the competition between
one state and another.
West Virginia liberalized its cor
porasion laws years ago to attract
business. The Secretary of State
visited New York, opened an Office
and advertised for business. He got
it. Then New Jersey entered the
lists with even more liberal laws
Other states had to weaken their
corporation laws to held their
corporations. Maine, Maryland
and finally Delaware entered the
field. Delaware went so far thai
it got most of the business.
THERE is, of course, nothing we
n can do about our banking laws
because of this competition. There
is nothing we can do about our
corporation laws because of the
same. There is nothing we can
do about our utility companies for
the same reason.
But the point is that the bank
ers see this anomaly in their own
business. What would they do
about it? Isn't the only hope a
single Federal banking system?
The bankers urged such a course in
1912 when they demanded central
bank dominated by the bankers
and fought Wilson's II reserve re-
gionS.
Yet why do they, when the gov
eminent is facing this same guam
dairy in its corporate, utility, railroad
and labor problems, instead of seek
ing to arm the Federal govern
ment to deal with the menace, cry
out against the great Federal bu-
reaucracy?
This division of our govern
ment into state and Federal sec
tons, wise when initiated and
still wise within limits, has the eff
feet of rendering both nation and
state helpless in the face of GER
tain problems. 1t leaves a large
area Of our life without any gov
eminent power.
Copyright, 1895. NEA Service. Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
Produce Markets

The prices quoted are paid for stock
gathered in the country. while delivered
in Indianapolis the price is a cent higher
Heavy breed hens. Ice; Leghorn breed
under -4ia lbs. Ice; springers. IL lbs and
up. l2c. old cocks, &C. Turkeys-Young
hens, 8 lbs. and up, zoe; Young toms.
IA to Is lbs. zoe: under Il lbs and over
Is lbs. l0c; old hens. zoe: old toms. l5c.
Ducks-White. lbs. and over, l2c under
lbs. l0c; geese, fun feathered and fat.
8 to II lbs. lie; over Ii lbs &C. old
guineas. l5e; young guineas. ~ lbs. and
up, 25c:. No. strictly fresh eggs. loss on,
Csc; .pullet eggs, iSc. Each full case must
weigh IS lbs. gross. q deduction of loo a
pound under S. lbs. will be made. No. i
butter, 37a4 a Ssc: No ? 34GsSc: butter
fat sac. Quoted by the wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
(By James E. Bennett g. Coz
1890 Previous
High. Low. AM. Close
LOCAL. CASH MAREET

City grain elevators are paving % CENTS
for NO. soft wheat Other grades on
their merits Cash corn new No 4 yellow
40 cents and oats 10 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27
Money and Exchange
TREASURY STATEMENT

by United Press
WASHINGTON Dec. 27.-Government
expenses and receipts for the current fiscal
year to Dec. "a, as compared with a year
ago;
This Year. Last Year.
Expenses s.. 665.i7S.5iIlS So. 489, lee. la. SO
Receipts 1878. 699. 206 10 1922. 3l6 6S2 rs
Deficit. 1871. 479. 3o4 SO 1866. $50, 45s "a
Cash asl. 2.2ss.627.2s5 2.el7. 42S.025.5l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-27

steady: receipts $40 cases fTesb Sradsd
frsts, 27c:. extra hrsts. Csc current re-
ceipts 22isc; dirties. 20c: checks Tic
extra firsts t9o-a1is Scorel 35G35Ic. ex-
tras 1872 scorel 33is: frsts tSs-s9is scorel
3is4@S2s4c: seconds ts6-6Tia scorel ale:
specials, 34M34i+e: standards 33i2c Poul-
try-Market about steady: receipts %
trucks. 2 cars due; ducks 2la23c: geese.
1870 zoe: spring chickens. 24m26c: hens. II
m23c: turkeys. lS623c. Leghorn hens il
mi7c: old ROSTERS. Ice: Leghorn chickens.
19G20c. Cheese - Twins. l734Gisc:
Daisies. 1874 dlSi2c: Loughorns. 1917
1910. Dressed poultry-TurkevS Young
toms. 7s729c: young hens. soc: ducks 22G
23c; geese, l9m20c. Potatoes-Supplv
moderate; no trading because OF cold
on track. 1888: shipments. 3is.
The Washington times., 1935-12-18
ELEPHANT Has Friend
I'm Roosevelt

pause here to let the import
of the word Elephant" sink inO
There was a ripple of laughter.
For Sake of Tourists
Then the President continued.
The buffalo, 80 or 40 years ago,
began to become extinct, it was
explained. Large expenditures OF
public funds saved the buffalo
from complete extinction, and it
is generally believed that the ele-
plant which is also becoming ex.
tinct, may be saved from com"
plete dissolution by the wise ex.
penditure of public funds.
1t is believed that it would be
quite a good thing if the elephants
should be preserved as specimens
particularly here and in the
Zoo. Washington, it was argued,
is a place where millions of tour
lists come every year, and it would
be a good thing to let them see
a Repub pardon! An ele-
plant, now and then.
Furthermore, some of that $751;
300 is for deep pit the idea
being to bury an elephant now
and then, maybe.
And did everybody laugh!
However, no one seemed to have
the quick wit enough to ask the
President whether he would APP
prove cage and pit for the Tam
many Tiger!
The Washington times., 1935-12-18
Z GET COUNTY
AGE PENSIONS

ROCKVILLE. Md. Dec. Is.
Payment of the first group of old
age pensions, II in number and
totaling $200.25, was approved by
the Board of Montgomery County
Commissioners during a meeting
here yesterday.
While more than $50 aged and
needy persons of the county have
filed applications for an old-age
pension, due to the amount Of
work involved in making inHeSti-
cations of the applicants and re
ceiving approval of the applica-
ton. only a very few have been
approved, Miss Dorothy A. Ever
son, executive secretary of the
County Welfare Board. announced
today.
The pension fund is made up of
equal parts of Federal. State and
county funds, and William S.
Gordy, State Comptroller of Cur
rency of Maryland, notified county
officials late yesterday that the
Federal and State funds are in
the bank ready for use by the
counties.
The Washington times., 1935-12-18
COURT RULING
ON SEC ASKED

Petition was filed yesterday by
J. Edward Jones, New York city
broker, asking the Supreme Court
to pass on the constitutionality of
the Securities and Exchange Act
of 1888 and the power of the Sc
curiities Commission.
Attorneys for Jones included
James M. Beck, former Republi-
can Solicitor General, and Balm.
bridge Colby, Secretary of State
under Woodrow Wilson. They
charged the act was unconStitu-
tional because it was mot regulat-
ing interstate commerce or use of
the mails, but uSurped the power
of States"
Jones, a dealer in oil royalties.
sought to register a $1,000 issue
with the Securities Commission.
When the registration statement
was questioned and hearing set
on the proposed issue. Jones at
tempted to withdraw the regiStra-
ton. This action was opposed by
the commission. 1t was upheld
by a New York Federal district
court and again in circuit court.
The Washington times., 1935-12-18
RAIL, DOMESTIC
B0NDSCLIMB

NEW YORK. Dec. 10 G.N.SO.
Bonds moved upwards in early
dealings today with the rails and
the domestic induStrials in the
van of the movement.
Pressed steel car SIS of '33 were
a feature. climbing 2 points to
7512. American Rolling Mills
4l4s netted almost a point.
Utilities Mixed
Utilities were mixed with Utili-
ties Power & Light 5l2s Of al
easing Y point under profit TAX
ing while Consolidated Gas 412s
Of 81 advanced fractionally
Communications were strong
under the leadership of Postal
Telegraph SIS of SO which ad
vanced almost a point.
Carriers we're irregularly high
er. Chicago & Milwaukee SIS of rs
and SIS of 1000 were strong. gain
ing almost a point each. Balti
more & Ohio, Nickel Plate. Lehigh
Valley and Central issues turned
higher.
Governments Higher
United States Governments were
slightly higher for the most part,
although the Treasury IS of 81 SIS
eased 1872. Treasury's of '46'48
Melted 1872 point.
Poland Is of At, Paris Orleans
51as of SO and Finland IS of AS
gained a point each. Italians
were steady thus far, despite re-
ports of an Ethiopian setback.
The Washington times., 1935-12-18
SILVER PRICES
DRAG AGAIN

NEW YORK, Dec. 10 0.N.sO.
The price of silver fell further
in world markets today as the
United States Treasury again
took only a small part of the
flood of offerings in London.
The restricted American buying
resulted in the usual congestion
in London with the price-fixing
delayed for several hours, as it
has been in the last week.
In Montreal, futures fell to
new lows after yesterdays break.
Prices were down more than 100
points in the enoon but
Steadied later.
The Treasury remained silent
and refused to clarity it's posi-
ton after the recent statements
that it was buying silver in va
riOuS centerS.
The Washington times., 1935-12-18
By EARL GOODWIN

Is Roosevelt slipping? Well, no
matter what the polls indicate, the
several hundred newsmen who
heard the President wisecrack
about the elephant sacred symbol
of the Republican party, at the
conference late yesterday will
never believe the Chief Executives
wit is deteriorating.
The President yesterday o. K. d
an item of SCI, 800 for a new
elephant house at the Washing
ton Zoo-a PWA item which was
made public after the session OF
the Emergency Council. The press
conference was held Immediately
thereafter; and he started it with
the observation that there was no
news:
Its the week before Christmas
And all through the streets,
Not a creature is stirring
Not even the press"
Side-steps Queries
Thus quipped the President,
who was then led on and on
through a series Of questions about
WPA, Florida ship canal, the
bonus, nonpayment of European
war debts, Former President
Hoover'S new style in speaking;
ETC.. but he side-stepped them all;
in fact the boys were getting
little news at all out Of 1t, until
one desperate news digger gripped
his pencil firmly and asked this
one:
Mr.. President, would you care
at this time to discuss your rea-
sons for approving an item Of
SCI 300 for a new elephant house
at the ZOO"
Sounded rather Small-townish
and local, in contrast to the deep
stuff they generally pull at those
conferences, but the President
leaped at it. Why yes, he would
discuss the item. The President
said that the elephant was in
grave danger of becoming extinct
The Washington times., 1935-12-18
Long Distance Phone
Rate Lower Jan. IS

New reduced rates for longdis-
lance telephone calls on Sundays
will become effective on January
Is, 1886, the American Telephone
and Telegraph Company has an
nounced. The rates, affecting "a
companies of the Bell system, were
filed with the Federal Communi-
cations Commission.
Under the new schedule there
will be a discount on all calls
made from p. m. on Saturday to
4::30 a. m. Monday. In addition
to the weekend reduction there
also will be reduced rates on per-
son-to-perSon calls after 7 p. m.
The Washington times., 1935-12-18
East Buffalo Livestock

EAST BUFFALO. N Y. Dec. IS
GN.sD.-Hog receipts 500 active to
local packers, steady to 1oc lower. bulk
desirable 1so-25o lbs. averaging 2oO-2S5
lbs, $1O few 100 lbs. down 1910; 24O
lbs, averaging 1895; 25o-2S5 lb. butchers
quoted s9.6O@as5; packing sows $500
@925.
Cattle receipts, 100; holdovers, IS;
cows and bulls active steady; fleshy
cows and medium bulls $3.50 $50; low
cutter and cutter cows s3.75@4s5;
slaughter steers and heifers unsold.
Sheep receipts. 500; snappy lamb trade
steady with Mondays average good to
choice ewes and wethers. mainly Sits;
medium and mixed grades, S105O61125;
throwouts $40 down; aged ewes to $3.50;
general run, 1905.
The Washington times., 1935-12-18
UTILITY SHARES
ADVANCE
ON CURB

NEW YORK, Dec. 18 Q.N.S0.
Curb stocks continued moderately
active and generally higher in
later trading, stimulated by re-
ports of improved Christmas
trade, further favorable dividend
actions and a new power output
record.
The new peak in electric out
put aided the utility shares. Con-
tinuing recent sharp advances IN
Empire Gas issues the :; per cent
preferred jumped ga points to a
new peak at 40 and others ad-
vanced as much as point also
to new high ground. United Light
preferred was strong as was Cities
Service preferred. The power
shares as a group were claiming
a greater share Of attention as
the session progressed.
Standard Oil of Ohio preferred
was extremely active for so high
priced an issue although failing
to make Roadway. Humble ex-
tended its gains in the petroleums
but otherwise the list held about
unchanged from early morning
levels.
New York and Honduras Ro-
sario continued outstanding in a
rather dull mining group. Sun
shine advanced fractionally de-
spite the unsettled silver situa-
ton. Heavy buying in General
Tire and Rubber continued today
and the issue added another 2l8
points to recent sharp gains.
Parke Davis netted y point in
fairly active trading as contrasted
with the issues usual dizziness.
Sullivan Machinery held on to
gains of more than a point.
Liquors continued extremely in
ANtiun
The Washington times., 1935-12-18
Retail Business
Greatest Since 1890

Retail store sales in the United
States this month will be approx
mately 4,500 million dollars, the
biggest month since 1880, if the
present pace of buying is main
tanned, Charming E. Sweitzer,
managing director of the National
Retail Dry Goods Association,
predicts.
Retail sales for the first half
Of December in department and
speciality stores was 9.5 per cent
above a year ago.
The Washington times., 1935-12-18
Pittsburgh Livestock

PITTSBURGH. Dec is Q.N.s1.
Hogs-2.O 900, including 1,400 directs;
market 1Oc lower. Heavies 1915 DO;
medium. Ss9O91O: lights, &s.So@1O;
light lights. $9.9091O; packing sows
37259S.75; pigs. 1915 @1o.
Cattle-15O, including 100 directs.
Market nominal. "Grass steers good,
SS6fO25; "grass heifers (550-S5O
pounds), good. &7@75O cows, common
to medium. sos; 'bulls, good beef. IS
CaIves-75 Market steady. vealers
good and choice, 81 612.
Sheep-SOO. Few lambs sc higher;
sheep steady Lambs go pounds DOWN,
good and choice, $1O.75 Q11.55; yearling
wethers good ana choice, $S9S.25 I;
aged wethers, medium to good. $3.50
@5.75; ewes. good and choice $4.2Sp
4.75.
mot extreme limit of grade.