davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
POOLS CAUGHT
AS SQUEEZE IN
PEPPER FAILS
Bankers Appear to Have
STAYED Off Crisis in
Commodity.
Copyright. 1855. by United Press)

Copyright. 1855. by United Press)
By United Press
LONDON, Feb. 9.-Desperate eff
forts of dealers and bankers to avert
a collapse in the white pepper mar
ket appeared today to have STAYED
off the crisis for the present.
Produce brokers announced that
settlement of pepper commitments
estimated at 100000 pounds (about
S., 25O,OOO), due yesterday, had been
postponed until Monday, when all
brokers involved, except two, will be
saved by the banks.
A few days ago it had been pre-
dicted that at least six Mincing
Lane firms would go to the wall in
the pepper debacle.
ShelIac Crisis Relieved
A similar crisis in the shellac
market, caused by gigantic gam
bling and efforts to corner the mar
ket, was relieved when a financial
house which is a subsidiary Of To-
bacco Securities, Ltd, took over the
bulk of the pool holdings of Specu-
lators.
The threatened crash in pepper
followed one in product as unro-
-peanuts-and gamble in
the shellac market by spectators.
Two years ago there were 500 tons
of white pepper in London. A year
ago there we're 1850 tons. Today,
because of the gamble, there are
81 900 tons-42, 100000 pounds-three
years supply for the great London
market.
The END came simply, and ap-
parently in a way none of the
spectators, professional or anna
teur, had figured. Growers and
dealers in the Far East, puzzled but
happy over a sudden demand for
pepper in bulk, began shipping
more and more as the pool, and
those who were following it. bought
up the product.
More Pepper Coming
Then, with three years supply in
London and due 10 De settled for
today, came news that a merchant
man was steaming up the Red Sea
with $500 tons more to supply the
demand.
James & Shakespeare, Mincing
Lane dealers in metals and pro-
duce, associated in the shellac and
pepper operations, went under
Thursday. The firm was launched
only last September with capital
of $2,125,000.
Two efforts have been made by
the General Produce Brokers' As
ISOLATION to avert threatened mar
ket crash. ALI dealings we're sus-
pended for the three-day period
from Monday to Wednesday, and
a fourth days suspension was Or
dered Thursday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
SCRAP SHIPMENTS RISE
Most Exports From Baltimore il
1884 Went to Japan.
By Scripps-Hotcard Newspaper AUianc

By Scripps-Hotcdrd Newspaper Alliance
BALTIMORE, Feb. 9. The
United States is contributing sub
stantial amounts of raw material to
the Japanese munitions reserves,
according to figures compiled today
by the Baltimore Association of
Congress.
Twice as much scrap metal moved
out of Baltimore in 1884 as in 1888,
most of the 348,393 tons going to
Japan. In a single week, 1000
tons started for Tokyo. In 1888 the
japanese imported 1,114,0O0 tons Of
scrap steel and iron. The United
States supplied so per cent of it.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09


1. The United States is the only
important nation which has no for
eign debt of any kind.
2. Americas per capita debt on
June 30, 1884, aggregating s214, was
appreciably smaller than in August,
1919, when it stood at about S240
per capita.
3. Interest requirements for 1884
totaled some S756, 200, 900. compared
with more than s6l9, 100000 in 1919,
an advance of some S137, 100000, or
about 81 10 per capita-a rise hardly
sufficient to cause uneaSineSS.
$1,000 Per Capita
4. The national wealth is placed
conservatively at s25O,OOO, 100000 or
about $1,000 per capita.
5. The ratio of Americas debt to
the nations wealth is 9.35, that is,
for every dollar of governmental
obligations, there are 1886 worth of
assets-a figure which compares very
favorably with similar statistics for
most important countries.
Great CONSERVATION was re-
Gently created by the reference to
the steady increase in the debt Of
the United States, and the likeli-
hood that the country'S commit
ments Gall of purely internal char
acter) would soon reach the fan
tastic" total of $4,000, 100000. This
would be equivalent to $3.50 for each
man, woman and child in the United
States
Examine Assets
Those who are, by nature, tirzid
and easily frightened have concluded
that the nation is hopelessly insol-
vent. Competent observers, however,
are not inclined to appraise the
status of a nation exclusively on the
basis of the liabilities side of the
balance sheet. They insist upon ex-
amining the assets as well as the
liabilities.
Those who conclude, on the basis
of hearsay and superficial analysis
of existing facts, that the country's
credit standing is seriously impaired
and bound to assume a more dis
concerting aspect in the near flu
ture, prefer obligations of foreign
governments to those outstanding
on behalf of the United States.
1t, therefore, should be of interest
to refer once again to the extent to
which some of the leading foreign
countries are indebted, calling at
tention to the resources of the coun-
tries in question and the relation
between governmental liabilities and
assets.
Compares Figures
How the United States ranks in
point of debt and resources Is set
forth in the subjoined table. The
first figures indicate resources for
every dollar of debt. Figures in the
last column represent the debt
which the United States would have
if the relation of debt to resources
were the same as that of the coun-
tries under review:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Moves to Increase Sales

Mr.. McInnerney pointed out that
the company's sales are better, due
to some improvement in public buy
ing capacity but also to the fact
that I'VE have spent considerable
money in an aggressive attempt to
increase them.
Total profits and percentage
profits have not been as satisfactory
as the increase in gross sales would
ordinarily provide, due largely to
the complete compliance with all
state and Federal regulations. NRA
increased the company'S pay rolls
by 100000 annually. This higher
labor cost was absorbed by the
company without any increase in
cost to the consumer because of it.
Profits were thus curtailed CORE
spondingly
Gross sales of National Dairy
Products Co. were higher by
$36OOO,OOO during 1884, during which
year the company expended $780,
900 more for advertising than in the
preceding year"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
RISE IN TRADE
HELD DELAYED
BY CONFUSION
Too Many Ruling Industry,
Dairy Company Official
Points Out.
By Times Special

d tWtS SptCidt
NEW YORK, Feb. 9.-The outlook
for this year Is encouraging and
improvement is to be expected.
Thomas H. McInnerney. president
of the National Dairy Products Co.,
said today. Sustained improve
ment, however" he said, may be
retarded by the prevailing confusion
and lack of direction in the BUSH
ness world which has been created
by attacks and Investigations against
what we have always considered
successful business.
Our governing bodies, however"
he added, ARE learning that knowl-
edge and understanding of economic
realities lie with business men with
practical experience. The progress
and development of this country has
been largely due to the business ag-
gressiveneSs, vision and venture
someneSs which is now under re-
straint or discouraged"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Produce Markets
lRenrinteo from resteroayI

Delivered IN Indianapolis prices: Heavy
breed hens. lac: Leghorn hens. 7c; col
ored springers. isc; heavy stsgs. &C.. Leg
fun featSered and fat. ioc: geese. full
feathered and fat. Sc: all classes Of
guineas. isc: No. ! strictly fresh country
weigh IS lbs. gross. a deduction OF i0c &
pound for each pound under SIS lbs. viii
Be made. Butter-No. l. 5sG3sc. butter
TAT. 36c. Quoted By the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Stock Studies

The United Corp. is an invest
ment trust sponsored by the Nor
gan-Drexel and Bonbright interests.
Investments are largely minority
stock utility holdings in companies
operating ip New York, Pennsyl-
vania, New Jersey and Ohio, and
also in a few other states.
The company has large common
stock investments in Public Service
of New Jersey, Niagara Hudson
Power and United Gas Improve
ment. On Dec. 81, 1884, there were
81 ,499 preferred stockholders and
106,648 common stockholders.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Too Many Rules, He Says

AS to conditions in the dairy in
dustry, Mr. McInnerney reiterated
his criticism of the multiplication Of
rules and regulations which have
gone as far as to hamper the dairy
industry's recovery.
The industry is governed by so
many regulatory bodies. Federal,
state and local, that uniform en-
forcement has proved to be imprac-
tical," he asserted Responsible
companies which complied with the
regulations find themselves at a Sc
rious disadvantage in competing
with those that do not obey them
and who have not been forced to
comply"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
HOG RAISING PLANNED
Argentina to Encourage Industry
Because of Bumper Corn.

Because of Bumper Corn.
By Times Special
BUENOS AIRES, FEB. 9.-Antici-
pating an abundant corn crop, the
Banco de Ia Acknowledgements
government bank-has inaugurated
an extensive campaign for encour-
aging hog production, it was learned
today.
The present years exportable
surplus of corn is privately esti-
mated at 100000 tons and, al
though it will probably be easily
marketable this year, it is consid-
cred that if this scale of production
is continued in subsequent years the
disappearance of the present I'M
usual fodder shortage in the United
States may result in marketing diff
f1culties./ Therefore, there is a reso-
lutte drive to increase pork produc-
ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09

United Corp. was incorporated in
1929 in Delaware. Both classes of
stock are listed on the New York
Stock Exchange. The common is
currently selling at around 21a.
(All Rights Reserved. Winchester Institute
of Finance. Winchester, Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
INSURANCE AsSEST GAIN
By Times Special

NEW YORK. Feb. e-ASsets Of
the Fidelity Mutual Life Insurance
Co. increased s2.207 600 last year to
a total Of SOL .585 900, Walter lie
Mar Talbot. president. stated in his
annual report TO policy holders.
Surplus and contingency reserves in
creased to s6.5oo. 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
BUILDING AWARDS GAIN
Municipal Contracts Are Lowest Re-
ported Since August.
By Times Special

By TIMES NptctuI
NEW YORK, Feb. 9.-Engineering
awards are lower this week in both
private and public work although
the private work is higher than the
average week last year, according
to the Engineering News-Record.
The totals are: Engineering con-
struction 1887 900, private awards,
SIS, 102, 900, public awards, S12,135,0 900
of which S2,515, 900 represents fed
eral construction and $9620,000, state
and municipal. This is the lowest
week on state and municipal awards
since Aug. %.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
L0ADINGS RISE SHARPLY
Increase Of 42.SSs Cars Is Shown
over Previous Week.

B. nifsd Press
WASHINGTON. Feb. s.-The As
ISOLATION OF American Railroads
announced today that carloadings
Of revenue freight for the week end
ed Feb. 2 totaled 59s.l64 cars. in
crease Of 423e6 above the preced-
ing week and 32.763 above the cor
responding week IN 1884
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
HI. T. AMEs PROMOTED
By Times Special

by Ilme6 bpeCtdE
- AUBURN, Feb. 9.-R. H. Faux
ner, president of the Auburn Au-
tomobile Co., announced at the an
nual meeting of the stockholders
held here today that Harold T. Ames
was elected executive vice president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Hides and Skins

Hides-Green country cows and steers.
sac nat: green country bulls and. Clues,
2i7c fat: green country calf hides. &C
horse hides with full heads. shanks.
names and fails. $3.50: medium size. 81
All No grade morse nides, soc less; CLUES
tallow. 4d4izc; No. 2 at value Yellow
grease. a349 4ei aaTx grease al QaiaS,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
SALES UP 80 PER CENT
By Times Special

PHILADELPHIA, Feb. 9.-An in
crease of 80 per cent in life insur-
ance sales by the Penn Mutual Life
Insurance Co. in January, compared
with January a year ago was re-
ported today by william A Law,
preSident,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
LOCAL CASE MARKET

city grain elevators are paying So cents
Tor No. soft RED wheat. Other grades
on their merits. Cash corn No. yellow
O. cents and cats - eeasss
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Nations Assets Figured
$685. for Each 81 O70ed;;
Wealth at $50 Billions
United States Only important Nation Which Has No For
egn Debt of Any Kind, Results of
Study Disclose.
BY DIR. MAX WINKLER
OF Bernard, Winkler & Co.
By Times Special

holders of American securities IN
general governmental particular realize that:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
N. 7. Bonds
Reprinted from Saturday,
DAILY BOND INDEX
IT. s. GOVERNMENT BONDS

(By Fenner & Beane.I
LibertyS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
Retail Coal Prices

The following prices represent quota
lions from leading Indianap polls coal deal.
ers. A ascent Carrying charge per ton
will be ADDED.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09
What Does 1t Mean?

Central Bank-Such unit, sponsored By govern
ment, and which acts fiscal agent for It, acts IN
many capacities 1t holds Of other banks IS
sues currency; reends funds and performs other f1'c-
tons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-09

FINANCIAL DATA
As of Dec. 81, 1884
The Waterbury Democrat., 1935-10-07
Bill Was Right
 The First Time

William J. Christian, candi- date on the republican ticket for selectman, speaking at g rally held at AS Green street on last Saturday night, was credit cd with stating the following: Don't forget that on Tuesday when you go to the polls, pull that top lever all the way over." The error was immediately brought to his attention and embarrassed as he was, he has, tened to correct himself. The top lever of course is that of .he democratic party.
The Waterbury Democrat., 1935-10-07

Continued from Page 1.)
 be withdrawn from its soil before there are any peace negotiations.
 "The Italian government have resorted to war contrary to engage ments assumed under Article XII of the covenant" the report of the committee of six haid. Without prejudice to other lim- itations upon their right to resort to war, members of the league have not the right without having previ- ously conformed to the provisions of Articles XII, XIII and XIV to seek by means of war a remedy for grievances they believe they have against other league members.
 "The adoption of measures of se- curity by state upon it's own terri tory within the limits of it's interna- tional accords doesnot authorize an- other state to free itself from the obligations of the covenant.
 (This blasts Italy's assertions that it feared" Ethiopian aggres- sion.
 "The pact of Paris (the Kellogg Briand anti-war pacD of August 27, 1928, to which Italy and Ethi- opia were parties likewise condemns recourse to war for settlement of parties to this treatymomaitaoinul international disputes and obliges parSs--3 to this treaty to seek by pacific means the settlement or so- lution of all disputes or conflicts whatever their nature or whatever their origin may be which shall arise between them.'"
 The report then recalls that Ethi- opia Saturday invoked Article XVI, the penal article, and says:
 When league member invokes Article XVI of the covenant each of the other members should exam inc the circumstances of the partic- ular case.
 Tt is not necessary that war should be formally declared for Article XVI to be invoked"
 The inclusion of the Kellogg Brian pact brings the United States indirectly into the report because this pact was sponsored by the United States government, which Is a signatory.
The Waterbury Democrat., 1935-10-07
l49 TOWNS ARE
 VOTING TODAY

(Continued from Page 1.)
 Of the 149 towns, republicans now control IA and democrats 34. To- days elections include three cities Torrirgton, Bristol and Norwalk with democrats seeking reelection at Bristol and Norwalk.
 Waterbury Watched.
 The city of Waterbury, third larg- lest in the state, holds it's city cleo tion tomorrow with the administra- tion of Lieut. .-Gov. Frank Hayes in- volved in one of the bittererest campaign in the city's history. Hay es may be candidate for governor next year and the outcome of the election may have an important nearing on his chances to head the state ticket. -
 In g towns today a vote was being taken on local option and voters were cautioned to park bal lots properly on the liquor question.
 An attorney generals office rlll- ing declared all ballots not checked
The Waterbury Democrat., 1935-10-07
Helen Warren, United Airlines employe. Mrs. Catchart, Portland, Ore.
 Almost Full Load

Helen Warren, United Airlines employe.
 Mrs. Catchart, Portland, Ore.
 Almost Full Load
 The big twin-motored Boeing air plane was east bound from San Francisco with almost full load. Pilot Collison was in constant con- munication with his ground station at Cheyenne, the airline company reported, and advised at 2:17 a. m. That he was flying at 11,0OO feet and that all was well. Flying weather was good
 That was the last that was heard from the plane. When the ship failed to arrive, searching parties were organized and the wreckage discovered. Company officials said the plane was intact when it struck the ground, indicating there was no fire or explosion in the air.
 The cause of the wreck will not be determined until department of commerce investigation has been completed, the company announce ment said, and possibly not then.
 Pilot Collison, the airlane an- nounced, had more than 100000 miles of flying experience. This was the first accident on the lines in 28,000,000 miles of flying, officials said.
 Pittsburgh People Victims
 Pittsburgh, Oct. 7.-CUP)-C. H. Bathews, Jr., killed in an airplane crash near Cheyenne. Wyo., was a vice president of the Union Trust company of Pittsburgh. He was re- turning home from an Alaskan hunting trip.
 Juliet Hillman, also killed in the crash, was daughter of MT. and Mrs. J. Hartwell Hillman. Hillman is chairman of the board of the J. H. Hillman Coal & Coke Go.
The Waterbury Democrat., 1935-10-07

Baltimore, Chicago, Galveston, New Orleans, Los Angeles, San Franclsco, Seattle and Norfolk, Va.
 The order also directed that ship ments of arms, ammunition and inl- plements of war to French Somali- land, shall be held pending instruc- tions from the bureau.
 "The president issued proclama- ton pursuant section one, joint resolution congress, approved Aug. 3l, 1885, declaring existence state Of war between Italy and Ethiopia. Thereafter and until further notice exportations arms, ammunition and implements of war described presi- dents proclamation Sept. 25. 1885, contained section 2, Laws and reg ulations administered by the secre- tary of state governing international traffic in arms, ammunition and im- plements of war mailed you Oct. 5; bureau circular letter, 1453 to Eehi- Opio and Italy and all it's possessions prohibited. Be governed according ly. In addition shipments to French SomaIjland and Djibouti shall be held pending instructions of bureau. Report by telegraph"
The Waterbury Democrat., 1935-10-07
Board of Aldermen

eastward from the coastal frontiers to cut the Djibouti-Addis Ababa railway.
 It is indicated that there will be separate movements southward along the frontier of the Anglo Egyptian Sudan and westward along the frontier of British Kenya col- ony in order to diminish, if not halt, the trickle of arms into Ethiopia from these places.
 Singing Victors Advance
 Italian soldiers marched into Aduwa yesterday morning, singing the Fascist anthem Giovenzza, and thus, to their minds, wiped out the strain" of a defeat by Ethiopian warriors 39 years ago.
 At once fresher infantry units moved out past Aduwa into the en- circling hills and occupied them as precaution against rallies and possible attacks or raids.
 Indications are that the reduc- ton of Aksum = severe psychol- ogical blow to Ethiopia will be undertaken in almost exactly the same manner as were the capture of Adigrat and Aduwa.
 Three columns are expected to reach it simultaneously for the final assault.
 Stubborn Defense Expected
 A stubborn defense seemed pos- e,sI Nf fIHn f ion in which the coil of the old city is held.
 It lies on the plateau at an alti- tude of 7,2O0 feet, miles west by south of Aduwa. It is thousands of years old, much older than Ethi- opian history. Two thousand years ago it was the capital of the old Aksumite government to which the present government is heir. In its oldest church is supposed still to rest the ark of the covenant de- posted there by the son of Solomon and the Queen of Sheba who founded the dynasty.
 With the fall of Aksum, a waiting period of about two weeks is ex- pected on the Aduwa front.
 During these two weeks laborers will thrust roads through the courl- try from the, northern frontier. Water supplies will be assured, pro vision and munition dumps will be laid out. Thousands and thous- ands of new troops and regulars, Fascist militiamen and Black Aska- ris, will arrive. Artillery will be brought up. Then will come new thrust. a &a
 Sharpsh0oters Busy
 Ethiopian sharpshooters were busy throughout last night and early today firing from rocks in the hills surrounding Aduwa, but the Italian positions were well pro- tected.
 The advance on the northern front may have Makale, an import ant caravan route town 55 miles south southeast of Aduwa, as It's next objective.
 Thence parallel columns could move southward to menace Gundar and the Lave Tana area on the west and Dessye, important strate- gie town 180 miles south of Makale, on the east.
 There was wild enthusiasm among the troops when they entered AluWa yesterday. Its occupation brought
The Waterbury Democrat., 1935-10-07
LEAGUE SESSION OPENS

Geneva, Oct. ' = (UP) = The Council of the League of Nations opened its public ca3sion at 6:45 p m to apply econon'c and financial sanctions against Italy. overriding Italy's protest against . meeting today.
The Waterbury Democrat., 1935-10-07

convenes this afternoon, it was learned today. +,.
 Tecle Hawariat, Ethiopia's ambas- sador to France and her spokesman before the league, wil lpresent the demand.
 The committee of thirteen ap- proved the report of the committee of six with several slight modifica- tions Changing the concluding sentence to read that Italy resorted to war contrary to her engage mcnts under Article XII" instead of lin violation of Article XII"
 Djibouti, French somaliland, Oct. 7-UP)-Italian airplanes are bombing north of Mt. Mussa Ali and skirmtshing Is in progress as the Southern Eritrea force starts its drive southward for the Djibouti- Addis Ababa railway, 1t was learned today. .
 The contrary is deeply ravined and is expected to prove most diffi- cult for the Italian land forces.
 Twelve hundred French troops, mainly Senegalese infantry, will en- train tonight for Diredawa to guard the railway.
 The troops arrived yesterday. They include a company of care- fully picked white volunteers, 12 commissioned officers of engi- neering units specialized in railway work, and Q section of machine gueaers.
The Waterbury Democrat., 1935-10-07
INDICTED FOR TAXES

New Orleans, Oct. 7-UP)-Jo- seph Haspel, former president of the New Orleans Parish Levee board and of the New Orleans As- sociation of Commerce, was indict- cd by a federal grand jury today on income tax charges.