davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
SHEEP AND LAMBS
AIR TRAFFIC INCREASES
United Air Lines Reports Is Per
Cent Gain in Passenger Service.
By Times Special

By Times Special
CHICAGO, Feb. 1.-Operations
of the United Air Lines during the
previous year showed Is per cent
increase in passengers, 1877 per cent
in express and a substantial rise in
volume of air mail, according to a
report released today by w. A.
Patterson, president.
The increase is shown, after al
lowance for the 90-day period dur
ing which all air mail contracts
were cancelled, in comparison with
1888 figures. More than lat, 139 pas
sengers were carried by the COM
pany during 1884, against 1888 in
the previous year, the report
showed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
CITY STUDENT NAMED
Julian Kiser Publicity Head for
Chicago U. Revue.

Julian Kiser, son of Mr.. and Mrs.
]. j. Kiser, 5127 Washington blvd,
has been named sophomore pub
licity manager for the annual
spring revue to be given by the
Order of Blackfriars at the Uni
versity of Chicago. Mr.. Kiser, a
graduate of Shortridge High School,
holds a scholarship at Chicago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
CAR LOAD OF CATTLE
EXPORTED BY CANADA
Represents First Shipment to U. S.
in Last Few Years.
By Times Special

By Times Special
TORONTO, Feb. 1.-The first
livestock shipment to the United
States since import duties were
levied several years ago has left
here, it was announced today. The
export consisted of one carload and
was destined for Buffalo.
In so far as lower Ontario is con-
cerned, from which the shipment
was made, it has been ascertained
that it is more profitable to ship
direct to Buffalo rather. than to
Toronto.
Cattle in Buffalo are 9 cents per
pound, with the prevailing quota
ton in this market is 61s cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
NATION WEIGHS
FIRST YEAR OF
CUT IN DOLLAR
Officials Seek to Gauge
Economics Result of
DeVaIuation.
BY RICHARD L. GRIDLEY
United Press STAFF Correspondent

WASHINGTON, Feb. Further
monetary experimentation by the
government was considered remote
today as Administration officials
sought TO gauge the economic re-
suits of devaluation of the gold dol
lar a year ago.
At $40 p. m. Jan. 81. 1884, Presl-
dent Roosevelt dramatically affixed
his signature to an order reducing
the content of the gold dollar to
Is 5-2l grains from 25.8 grains nine
tenths fine
The effect of this order was to
replace the American dollar on an
international gold bullion standard
at 5906 per cent of the content that
had been in effect for more than
a generation.
The hoped-for effect of the de-
valuation was a corresponding rise
in American price levels to relieve
debtors; to give the government in
erased control over money, and to
give the government a profit" Of
s2.8ll 100000 from the gold taken
out of the dollar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
TEXTILE FIRMS
REPORT HIGHER
PROFITS IN "a
Majority of Trades Show
Improvement in Year,
Study Reveals.
By Times Specfal

By Times Special
NEW YORK, Feb. 1.-The textile
trades enjoyed a very satisfactory
year during 1884. with profits being
shown in the majority of trades. the
exceptions being minor, according
to a survey Of the National Credit
Offices, Inc, announced today by
P. A. Gerlach, vice president.
Practically every concern in the
business is reporting increased sales
for 1884 over 1888. The exceptions
to this upturn are negligible, &C
cording to Mr.. Gerlach The sur
vey covered manufacturers of coats
and suits, mems and boys clothing,
dresses and costumes; wholesalers
Of dry goods and knit goods, and
firms engaged in the cotton and
silk goods trades. including cutters,
converterS and jobberS.
Number of Firms Decreases
At the end OF 1894 there were
1884 firms engaged in the textile
trades, which contrasts with 1887
in 1888 and 1886 in 1926. Many
concerns which operated in the
red" earlier in the depression we're
more fortunate during 1884 and OPP
Grated prohtably, or at least on a
break even" basis, according to the
survey.
Business "embarraSSmentS" in the
textile trades showed a very favor
able comparison over 1888, register
ing a drop of Is per cent in total
number of failures and a decrease
of 81 per cent in the amount of
liabilities involved During the sec
ond half of 1884, however, the num-
Der of failures turned upward by
Sc per cent in number and ia per
cent in liabilities involved over the
first six months of the year.
Increase in Second Half
The increase over the second half
of 1888 was equally impressive. In
aSmuch as the spring of 1894 was
the record low point for failures and
the fall of 1888 abnormal, this up
turn is not necessarily an unfavora-
bic influence, in the opinion of Mr..
Gerlach.
The trend of business "embarrass-
mentS" and the amount of liabil-
tiles involved is indicated by the
! following figures:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
TAX RATE RISE ASKED
New York Seeks to Boost Levy on
Insurance Premiums.
BIZ Tim es Special

ALBANY, Feb. IL Increased
taxes on insurance premiums would
be put into effect under an amend
ment to present laws proposed by
Gov. Herbert Lehman. The esti-
mated increase in revenue is put
at S5.000,O00.
Under the amendment the rate on
'ife premiums would be lifted from
/ to Ia per cent and would make
The rate on other premiums 2 per
cert, excepting marine insurance.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
CHICAGO CALLS ISSUES
Interest on Obligations to Be Re-
tired Will Cease Feb. 5.

by TWeS NptcIUE
CHICAGO, Feb. Calls for re-
demption of $2,492,0O0 of 1888 tax
anticipation warrants have been
issued by R. B. Upham, controller
of the city of Chicago. Most of
the warrants consist of corpora
ton warrants in the amount Of ST.
100 .000
Interest on the called warrants
will cease on Feb. 5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Nearly 100000 Workers
in Building Trades Idle,
Surrey by FERA Reveals
UNEMPLOYED in This Field Provides 13 Per Cent of Entire
Urban Relief Case Load; inventory Taken OF Con-
ditionS in 79 Cities.
BY ROBERT S. BROWN
Times Special Writer

WASHINGTON in the manufactur
Of relief
load Harry Hopkins emergency relief administrator estimates after
a inventory
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01

81 M 6 NpfcinI
NEW YORK, Feb. 1.-The in
solvency index of Dunn g. Brad
street, Inc, so far in January. COW
ering all but the final week, was 721,
ccntrasted with SIG for the same
time last year snd 1917 two years
ago. it was disclosed today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
GRAIN EXPORTS HIGHER
Wheat Shipments During Week
Total 2,272,329 Bushels.

Total 2,272,329 Bushels.
By Times Special
NEW YORK. Feb. Shipments
Of wheat from the United States to
Canada during the week ended Jan.
IS amounted to 2,272,329 bushels,
compared with 1.817608 in the pre-
vious week, according to Dun g.
BradStreet, Inc.
For the entire season wheat ex-
ports aggregated 93,O25, 3O9 bushels,
against 23,433,237 for the same
period year ago. Corn exports for
the week amounted to 5000 bushels.
compared with none in the preced-
ing week and $4,000 bushels last
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Hides and Skins

Hides-Green country cows and steers
Sac Eat: green country bulls and Clues,
1tzc Eat. green country calf hides. &C
horse hides with full heads. Shanks.
names and tails. q so. medium size. 81
AL No. : grade horse nioes, soc less: Clues
kallow. 4m4izc: No Z at value. Yellow
grease. 3349 C: cKfx grease. - 9S1se.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Stock Studies

The Union Pacific system is an
important link in tranScontinental
railway traffic. The system COM
prises about 5000 miles of road
which extends westward from Kan
Sas City and operates through the
states of Nebraska, Kansas, Colo
RADIO. Wyoming to Utah, Nevada to
Los Angeles. Cal. and also through
Idaho. oregon and Washington to
Portland and Seattle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01

THE well-balanced position of the
textile business may have a favor
able influence in maintaining the
upward trend beginning in the fall
of 1888 and continuing up to the
present." Mr.. Gerlach said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Wall st.
Big Business About
to Re-Enter Market
for Securities.
by RALPH HENDERSON, =
Times Special Writer

NEW YORK. Feb. big busi-
4 ness in the United States is
beginning TO lose its fear of the
Securities Act. Or maybe JoSeNl
p. Kennedy. chairman of the
Securities and Exchange Commits
sion. has interpreted the act in
such a way that big business can
nov see its way clear TO re-enter
the men market for new caDital
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01

Plans have been
completed for the
issuance Of about
$500 100000 OF new
securities. and ap-
plications are on
file with the SEC
for registration A
large percentage
OF this money Is
for refunding pur-
poses. but II Is Of
the highest i'm
portance that sew
eral Of our largest
corporations are
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
CAPITAL STRUCTURE

Cash dividends of SIC we're paid
on the common from 1909 through
1881. In 1882 IS was paid, White the
present rate of Sc was paid in 1888
and 1884.
Union Pacific was incorporated in
1897 in Utah. Both classes of stock
are listed on the New York, London
and Amsterdam Stock Exchanges.
At a current price of around i04l Z
the common stock sells to yield So
per cent.
fAu Rights Reserved Of Winchester Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Specific Power Asked

In a special message to Congress
Jan. IS, 1894, President Roosevelt
asked specific authority to devalue
the dollar to between so and so per
cent of its former gold content.
Two weeks later the Gold Reserve
Act of 1884 was passed by Congress-
and President Roosevelt immcdi-
ately decreed the devaluation of he
dollar as 10 5-21 grains of gold nine
tenthS fine.
Results of the first year of de-
valuation aIe difficult to gauge with
various groups of citizens taking
opposite views. Inhationists said
the government did not devalue far
enough to raise prices; conserva-
tive interests we're dissatisfied, while
the Administration itself claimed
wide benefits.
Commodity prices III the entire
period of administration monetary
legislation rose only % per cent
from March, 1888, to October, 1884,
and business activity approximately
the same per cent. They hoped for
effect of the dollar devaluation was
that the 20 per cent rise in the price
of gold would bring a 10 per cent
rise in commodity prices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01

dhOAA " AE-tlApll hllt tdpAAdA MA .
ket for funds Of any kind.
Up until a few weeks ago, when
the SEC revised its rules govern
ing the sale of securities by the
older and better established COM
panies. new corporate financing
had been at a standstill. Under
writing houses we're afraid TO offer
industrial stocks and bonds. and
the leading concerns we're afraid to
borrow money in the open market.
NOUR correspondent is not at
Il liberty to reveal the names Of
the concerns which propose new
financing. Dut it can be stated that
they are Of sufficient importance to
set the pace for industry in this
country. Under their leadership it
is reasonably safe to say that the
jam in the normal and natural flow
of investment capital into industry
finally has been broken.
Business will profit materially by
this development. 1t has been
found that the government can
not satisfactorily provide industry
with the capital it desires. and it
has been found also that the COM
mercial banks can not and will not
make the necessary long-term adj
vances which are needed. No other
avenues are available except the
investment banking houses which
are geared to secure funds for cor
porate use from individual in
veStors.
TT is doubtful. of course, IL any of
i these securities will be placed
on the market prior TO the issuance
Of the ruling on the gold clause by
the United States Supreme Court.
Underwriters would not take the
chance of floating securities at a
time when that market might be-
come demoralized by an adverse
court decision. Moreover, several
days must elapse after registration
papers have been received before
they can be approved by the SEC.
incidentally. there is reason to
believe that the New York Stock
Exchange. as well as other import
ant exchanges throughout the
country, will be closed for a few
days in the event of a decision
sustaining the validity of the gold
clause in security contracts.
Such cloSings would be ordered
by the SEC, it is thought, in the
event the exchanges did not act
themselves.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
NET ASSETS RISE SHARPLY
~ Timea Specia.

NEW YORK, Feb. met assets
of the Quarterly Income Shares,
nc. for the quarter ended Jan. Is
o-,o.'r4-d to $50. o52.5o3. compared
rr~ :. t,le cnd CT the
ri sieT, an increase OF 81
cent, it twas announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Increase in Second Half
Collections Better

Collection trends during the de-
preston years are indicated by the
following:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Retail Coal Prices

The following prices represent Quota
tons from leading Indiana polls coal deal
ers: A 25-cent carrying charge per ton
will be added.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Money and Exchange
TREASURY STATEMENT

TREASURY STATEMENT
by United Press
washington. Feb. 1.-Government ex-
penses and receipts for the current fiscal
year to Jan. 80 compared with the cor
responding period of the previous fiscal
year:
This Year. Last Year
Expenses So 900 $50, 62531 SO. 591, 125, 846 OIL
Receipts .. 2. 042 234.06552 1876. 1872. 1877 %
Deficit D.. 1857. 6l6. 53979 1914 1893, $50 70
Cash Bal. 2 329 1873. 93707 1.454. 633, $3.50 As
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
What Does 1t Mean?

Odd LotS-The unit of trading the Stock Er-
change 100 shares, chich is knoCn a round lot Any
block of less than this is an "odd lot"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
Exchange Fund. Created

With the 2,811,000,000 profit"
arising from the reduction of the
gold content of the dollar. the gov
eminent set up a S2,000,000,000 Ex-
hchange Sterilization Fund. A $780,
600, 900 portion of this fund has been
in operation for nearly a year in
"pegging" tile dollar at its new value
in the world markets and in pur-
suing the silver purchase program.
Because of the apparent stability
of the dollar at its new gold content
and the unlimited buy-and-sell
price placed on gold by the United
States, a huge influx of gold to the
United States followed the devalua-
ton. But the dollar was kept on an
even keel.
Gold held by the Treasury was
written up to around $1,000, 100000
following devaluation and about
81, $50, 100000 of additional gold was
attracted to this country over the
past year from foreign countries.
Financial and business interests
are now anxiously awaiting further
revelation of the Administration
ultimate monetary detectives, so far
only vaguely mapped by President
Roosevelt. Congressional agitation
for cheaper" money in the hope OF
higher commodity prices likely will
play an important part in the de-
velopment of the ultimate policy.
So far as can be learned, however,
further important monetary expert
mentation legislation is opposed by
the Administration and officials are
likely to seek largely other means to
raise prices than through monetary
manipulation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
(BY James Z. Bennettl

LOCAL CASH MARKET
CITY grain elevators are paving IS cents
for No. soft RED wheat Other grades
on their merits. Cash corn No. yellow
s2ss cents and oats - cent&
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01

lBY Fenner az Beanel
-LibertyS-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
INSOLVENCY INDEX OFF

CAn Rights Reserved Of winchester. Mas
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
N. Y. Bonds
Reprinted from Yesterday
DAILY BOND INDEX
U. S. GOVERNMENT BONDS

lCopyright. 1885. bv the Standard Status
tics Co.. Inc.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-01
DOMESTIC

314s 1864 Observation-Disclosures. 1924 1872 70
IS l949 ACKNOWLEDGEMENTS. 100.12 1920
The Washington times., 1935-11-25
Earl Beatty Attends
Services for JeIIiCo

LONDON, Nov 25 G.N.S0.
With Earl Beatty. his rival for
honors after the Battle Of Jutland,
looking on, the late Earl Jellico,
commander of the British grand
fleet in that famous naval engage
ment of the World War, was IN
tered in st. Paul's Cathedral to-
day near where Lord Nelson lies.
The Prince of Wales, the Duke
Of York, and many other British
and foreign notables were present
at the state funeral.
The Washington times., 1935-11-25
DEPRESSI0N'S
COST CITED

Financial reserves Of American
business were depleted by more
than 20 billion dollars in the first
four years of the depression up
to the end of 1888, according to
figures made public last night by
the Treasury Department.
At the same time the Federal
Reserve Board in its monthly bul.
letin reported reviving industrial
profits and number of impor-
tant developments pointing to
continued business improvement.
The Treasury Department in a
balance sheet" Of all American
business set the combined surplus
and undivided profits of the $685.
564 corporations reporting to it
at $35, ,o96,31O, 900 at the end Of
1898.
This was a reduction Of $685..
215,000 from the previous year
and a drop of $20,014,984,000
from the combined business sur
plus and undivided profits Of $55,.
III, $4,000 at the end of 1929.
Total assets of American busi-
ness at the end of 1888 were set
at $268, ,206 900, 900, compared with
the all-time peak of 1885, ,777,910,-
900 at the end of 1929. Cash and
bank deposits of the corporations
fell to $15,236, ,089 900 at the end
of 1888 from 22,371, ,168,0 900 in
1929.
Their holdings of tax-exempt
investments rose to $13,570, ,752, 900
in 1888 from $10,338, 1854 900 in
1929. Capital assts fell to $104.-
1888 900 from $116,446, ,100, 900
in 1929. But the corporations
were able to reduce their debts
to $65, .044,000 from $76,095,-
072,0O0 in 1929.
The Washington times., 1935-11-25
Today's Foreign Short-Wave Schedule

LondoR-s 1915 2tS 1918 SA5 s5S
cycles, msgycss 1915 215 a. M
S45 Csc, 1885 mgayes GSF 1913 megacI
AIS 10 5A5 ESQ., Ills msgaycss GS
1890 TO 2H5 QnGgMaD.
De1In1 s51 12302I5 S9IS H
G4St5 Sii3 mscycss uOn3O
I'LL megaceI nO4%O m 5O3O DE- Ills msgacIe 8-29
0M SN mgacycss t23O2a5 m 3A715 5o3O p DQ
macyces SttS30
Pas-FM II 90 megacIe "a rs D. m FA TN
m megaycs, "a 6S and 10 FYA megaccI
a. m. (daID.
Madrid EAQ SN msgaceIs (D; t-3 p m Saturday.
The Washington times., 1935-11-25
.PA STILL SHY
100000 JOBS
international News Service

1nBeEHatlOnal news service
The $4,O0O,O00,O00 WPA pro
gram, designed to end direct Fed
eral relief by December l by pro
viding 100000 employable heads
of families with jobs at security
wages, entered its last week to
day with an estimated 100000
jobs yet to go.
Even with the pickup in pro,
viding employment of the last
two weeks, with more than ST.,
200 100000 Of the entire work,
relief fund thrown to Harry L.
Hopkins WPA for quick-starting
jobs, observers predict the pro,
gram will be more than 100000
jobs shy of it's goal when the
week ends.
In the week ending November
is, the biggest employment week
since the drive was started in
May, $4,000 persons were given
jobs. The average daily employ
ment in that week, $4,000 ex-
ceeded by 1000 the previous
weeks daily average.
Even with a corresponding in
crease for last week and this,
the program still would fall ap-
proximately 100000 pobs shy of
the mark.
The Washington times., 1935-11-25
QUINTER STILL
REPRESENTS
D.C.LEAGUE

William S. Quinter, president
Of the District Building and Loan
Association, continues as the Dis
trict's representative in the United
States Building and Loan League
as a result of elections held at the
Cincinnati convention of the
league.
Mr.. Quinter has served as ma
tional executive committeeman for
several years and now becomes a
member of the executive council
Of the league from the District of
Columbia, according to a change
in terminology made in the
leagues constitution.
The District Of Columbia was
one of the few political divisions
to gain in both assets and mem
berS of building and loan associa-
tions during the year ended Jan
uary /, 1885, the secretary-treas-
urer's report at the convention
showed. A gain of $6,555, 900 in re-
sources and 13,059 saving and bor-
rowing members we're registered by
the associations here.
The Washington times., 1935-11-25
STEEL PRICES 5
AWAITED

Uncertainty surrounding steel
prices for the first quarter Of
1885 is expected to be removed
by producers this week, prepara-
tory to opening books for that
period December 2, in line with
former code practice, the maga-
zine Steel reports.
While majority opinion has
strongly favored advances, up to
the close of last week there was
no positive indication of which
products are to be raised, or
amounts, says Steel. In this re-
spect the situation is not unlike
that which prevailed under the
code when prices were announced
10 days prior to the opening OF
the books,
The Washington times., 1935-11-25
LET KIDNEYS
FLUSH OUT
; LBS. A DAY

ClsAn Out Is E6los Of Kidney I0be0
Nature put over Is miles Of tiny
Tubes and filters IN your kidneys to
strain the waste matter out OF tho
blood Kidneys should pass 3 pint0
q day and so get rid Of more than ,
pounds of waste matter.
When the passing of water Is
scanty, with Smarting and burning
the Is miles of kidney tubes may
need flushing out. This danger signal
may be the beginning of nagging
backache, leg pains, loss Of pep and
energy, getting up nights, swelling,
puffiness under the eyes and dizzi-
ness.
If kidneys don't empty 3 pints q.
day and so get rid of more than 3
pounds of waste matter, your body
may take up some of these poisonS
causing serious trouble. Don't watt4,
Ask your druggist for Doan's PfI1A
which have been used successfully bY
millions Of people for over 40 years.
They give happy relief and help tho
kidneys to flush out pOWndS q dayG
msia$ on Dpansa H0&
The Washington times., 1935-11-25
Apply This Once
And Kill the Itch

A new preparation knows as "Sit-i-
eide" being a liquid. thoroughly penS-
trates the skin, going into every pore,
crevice and wrinkle where parasites
hide, and kill every one Of these para
sites with one application, in thirty
minutes.
Sit-i-Cide is Immediately effective in
destroying parasitic itch (scabies) ana Is
sold by all druggists at 6Oc, or sent di-
rect upon receipt of price. Sit-i-Ctde Co..
Inc. Commerce, Ga.
The Washington times., 1935-11-25
High Low 1,1S

(a) Optional stock cash. (b) Partly Col Extra
stock and cash. (d) stock (f) account Of
txyl Without ~ Ex dividend. ~ E1 rtEhts
Dividend rate In dollars parsnthOseA (Nots) Extra
dividends published through regular dividend period.
Years high And low prices carried previous alOSA
The Washington times., 1935-11-25
Dr.. Ezekiel to Speak

'Rise in Farm Income" is the
topic of DR.. Mordecai Ezekiel, ad-
wiser to Secretary Wallace, who
will speak before the American
Marketing Society at S:15 p. m.
tomorrow in the U. S. Chamber of
Commerce Building.