davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
STORE COLLECTIONS
GAIN OVER YEAR AGO
June Figure 442 Per Cent. Against
433 in 1884 Month.
BIZ Times Special


WASHINGTON. Aug. 21.-Open
credit accounts receivable of depart
ment stores were paid at a slightly
higher rate in June than in June.
1884 while there was a slight decline
from May to June of that year. the
Bureau of Foreign and Domestic
Commerce announced today.
The collection figures on these
accounts were 442 per cent for June
and 45.3 per cent for MAY of this
year and 1913 per cent for June,
1854.
The installment collection ratio
for June, 1885. was slightly under
the ratio for May. 1885. while there
was practically no change rs COM
pared with June Of last year. The
inStallment collection percentages
were 161 for June and Ill for May
of this year and 100 for June. 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
SHIPMENTS OF TIRES
RISE 4.8P. C. IN JUNE
Production, However, Shows Decline
Compared With May.
By Tim eS Special

't 4 tHtto HptffHt
NEW YORK, Aug. 21.-Total
shipments Of pneumatic castings
during June amounted to 1882 800
units, an increase of 4.8 per cent
from May. and 19 per cent CON-
pared with June, 1894, according to
a report made today by the Rubber
Manufacturers Association.
Production of tires during the
month amounted to 1909 1872, a de-
crease Of ga per cent from May and
was 10 per cent under the level Tor
June, 1884.
Stock deposited in hand of manu-
facturers as of June sc aggregated
1875, 400 units. This was a de-
crease of "a per cent compared
with the previous month, and an
increase of So per cent contrasted
with the same north of 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
BUSINESS FAILURES
AGAIN SHOW DECLINE
Defaults During Week Drop to Near
Years Low Point.


NEW YORK. Aug. 21.-Business
failures in the United States during
the last week were sharply lower
compared with the number in the
preceding week. Dun & Bradstreet,
Inc, reported here today
Total defaults for the week ended
Aug. Is amounted to 203. contrasted
with PIG in the preceding seven-day
period, and 1877 for the same week
last year. Which was the lowest re-
ported since 1920. Failures usually
hold near the low point of the year
during the summer months.
The increase during the last week
over the total of year ago was
registered largely in the East. There
was a small increase in the South
and Pacific Coast states. Failures
reported in the West showed a sharp
decrease. Canadian failures during
the week amounted to 81. compared
with IA in the preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
KENNEDY, SEC
CHIEF, TO QUIT
POST SHORTLY
Resignation to Be Deter
mined by Character of
Utility Enactment.
By Times SncciaI

By Times Special
WASHINGTON, Aug. 21.-Al-
though it comes without surprise
that Joseph P Kennedy might re-
sign his craftsmanship of the Sc
Curities and Exchange Commission,
his intimateS we're of the opinion
today that the fate of the utilities
bill in Congress will be the deciding
factor as to whether he stays with
this major New Deal reform agency
more than a few weeks longer.
If Congress fails to pass the con-
trOverted utilities bill. which would
be administered by the SEC. or if
President Roosevelt should reject
the kind of withholding company
bill he does not want, then Mr.. Ken
nedy may be expected to offer his
resignation soon.
Devoted to President
Mr. Kennedy's devotion to Presi-
dent Roosevelt has kept him in
Washington longer than he would
otherwise have remained. according
to those close to the SEC chairman.
Mr.. Kennedy is summering at Hy-
annisport, Mass. He is expected 10
confer with President Roosevelt late
this month. If Congress adjournS
in the meantime, it is expected that
he then will offer to resign his SEC
post.
Commissioners Matthews and
Lands are mentioned as possibilities
for the SEC craftsmanship.
Stronger indications are that
Commissioner James M. Lands is
being groOmed for the job. When
Mr.. Lands was first made COM
missioner Wall Street was very
much afraid of him. 1t felt he was
far too radical and too inexperi-
enced to fill the post But the Street
has learned to know him better in
the year he has been on the Job,
and he has acquired a great deal of
knowledge of security trading in
that time, so it is safe to say that
his appointment would be accept
able to most people in the financial
district.
Spoke Before Big Board
Only recently Mr.. Lands was in
vited to deliver an address at the
commencement exercises of the
Stock Exchange Institute, and
Charles r. Gay president of the
New York Stock Exchange, liked the
speech so we'll that he had copies
printed and sent to all members,
partners. branch office managers
and correspondents of the institu-
ton.
And it was a good speech. He
explained the aims of the commits
sion, and they seemed highly con-
structive in every respect. He COM
mended the Exchange for its CO.
operation, and seemed an altogether
agreeable person. His statements
we're more conservative than many
heard made by Exchange members.
Mr.. Lands probably would be
about as good a man as could be
found to step into Mr.. Kennedy's
shoes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
WHEAT DISPLAYS
FIRM UNDERTONE
Aided by Evidence of Drop
in Crop Movement.
BIZ United Press

By United Press
CHICAGO, Aug. 21-Further evil
dence that the crop movement in
the Southwest is subsiding lent
firm undertone to the wheat mar
ket today on the Board of Trade.
At the start wheat was unchanged
to p cent higher, corn was Is cent
lower to Is cent higher, oats were
up 4 to "a cent. and rye improved
4 to q cent.
The decrease in the winter wheat
movement was reflected in dimin-
ishing hedging pressure and enabled
the wheat market to hold up fairly
well.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
JULY SALES INCREASE


NEW YORK. Aug. 81. - Sales OF
McKesson &c Robins, Inc, during
July amounted to $40, 1907 1888, COM
pared with 1855 ,829 for the same
month of 1884, an increase Of 205
per cent, it was announced here to-
day. For the first seven months
this year sales increased 3.4 pei
cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
LUMBER OUTPUT HIGHER
By Times Special

bU IWtS Npfci1I
NEW YORK, Aug. 21.-Lumber
production for the last six weeks
was 80 per cent ahead Of the COR
responding period last year. accord
ing to reports made to the National
Lumber Manufacturers Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
TOLEDO EMPLOYMENT RISES

TOLEDO, Aug. 1.-Manufactur-
ing employment here during July
mounted to ga per cent over the
total for the same month in 1894. it
was reported today by the Ohio
State University bureau of business
research.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT
ZIMMERMAN NAMED

T. w. Zimmerman today was
named representative of the Lin
coin National Life Insurance Co. of
Fl. Wayne. Ind, for the Indian
apolis sector. Mr.. Zimmerman will
operate directly under the John
Burkhart agency of this city.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
(Bv United Press)

CHICAGO Aug. 21.-Eggs Market
steady; receipts 1868 cases; fresh graded
flrsts. Csc: current receipts. ala % &c;
dirtes. 1921 &C; checks. ia zoe. Butter
Market steady; receipts. 77l3 tubs: extra
f1rsts t90-91l2 scorel. 24624 extra 90
score. 24i2c; frsts $780, score. 22lz a
23c; seconds 86-87i2 scorel 2li2 q 22c;
Market. steady; receipts. 36 trucks; broil-
ers. ia l8c; flyers. 17G19c: ducks. 13a
16i7c; geese, 13d13l7c; spring chickens.
Leghorn hens. II a lac. Cheese-Twins. 14'4
dl5c; daisies 1874 l5i2c: Longhorns. 1874
dl5i7c. Potatoes-Supply light on white
stock; demand moderate; market slightly
stronger: demand slow on Bliss Triumphs
and Idaho Russets: market dull and
slightly weaker; Idaho Russet Buroanks.
l55: Wisconsin Cobblers. SAILS. Bliss
Triumphs GOO q 81: unclassifed soc: Vir-
GINA Cobblers SIPS: MARYLAND Cobbers.
s1.l7i2. Arrivals, 80; on track 1874; ship
ments 2q2
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
Produce Markets

The prices quoted below are paid for
stock gathered in the country while de
livered in Indianapolis the price will be
cent higher Heavy breed hens 13c;
Leghorn breed hens 10c; heavy breed
cocks, &c; Leghorn breed cocks, &C: COL
horn broilers. ia lbs and up. lie; bare
back broilers, 10c: ducks, full feathered
and fat. &c; geese. full feathered and fat
eggs loss of 2nc. Each fun case must
weigh IS lbs gross, deduction of 10c
pound under S. lbs, will be made. Butter
No. l. % @ 29c; butterfat. 2lc. quoted by
the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21

"HERE mergers or consollda-
w tiOns are not arranged. large
mOdernizatiOn and expansion pro-
grams are undertaken as in the
case Of the United States Steel
Corp, which it is expected will
have spent in excess of S10O.OO 100000
IN the Gary district during the
period from 1890 to 1886 A long
line of others have been continually
pouring fresh funds into their VEN
lures in an effort to remain in the
stiff competitive battle.
Steel is such a multi-use bust
ness. its products running from
pin to Orders which reach high
into the sky, that specialization is
practiCed on a wide scale. There
are a sufficient number of units.
specializing in different types of
steel. however. to keep alive the
spirit of rivalry and warrant the
large scale expenditures that are
made. And meanwhile. science is
finding new uses daily for the pro-
duct.
From Pittsburgh. Youngstown.
Chicago. Buffalo. Birmingham,
radiates the white heat which typi-
fies the intensive struggle among
the various companies in the in
dustry to gain an advantage over
their competitors.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
by James z. Bennett
LOCAL CASH MARKET

City grain elevators are paying II cents
tor No soft RED wheat Other grades on
their merits Cash corr No 2 yellow
70 cents and oats le cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
Cool Business, Warm Results

Serrel, Inc. may be in the refrigeration business
but its product is receirng warm reception Net IN
come for the nine months ended July 81 aggregated
S1794,S72 against S6O7 26S in the same 1884 period
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
UPWARD PRICE
MOVE BELIEVED
COMING TO END
Present Weakness of Com
modify Values Held CauS-
ing Conviction.
b. Times SpcciaI

T b. Times SpcciGl
NEW YORK, Aug. 21.-After
reaching in May a peak for the re-
covery movement which began in
March, 1888, wholesale commodity
/ prices showed a tendency to weaken
IN June, the Alexander Hamilton
Institute declared today. The price
index, compiled by the Bureau of
Labor Statistics and based on 1926
as 100, declined from 8O.2 in MAY
to 1913 in June. This figure COM
pares with the depressions low of
1913 in February, 1888, and with
the 1929 high of 96.5 in July of that
year
The weekly figures for July" the
institute continued, indicate that
the general price average for the
month will show an extension of the
decline which occurred in June 1t
IS apparent. how0er, that the July
index will be lOyB1r than the June
index by a very small amount. 1t
will, however, provide a further in
dication that the price recovery
movement has been halted.
Pronounced Fall Doubted
AT the same time. despite the re-
cent weakness, there is little to
justify a pronounced price recession.
While the prospective increase in
the harvest this year Will tend to
depress the price level of the crops,
a strong livestock market as the re-
suit of the curtailment of the sup
ply promises to act as a considerable
offset
This is especially true since the
decline in crop prices is likely to
be modified by a number of factors,
such as the deterioration of the
spring wheat crop, the governments
maintenance of cotton prices at an
artificial level and an unusually
large demand for foodstuffs other
than meat as a result of the meat
shortage The agricultural situa-
ton thus argues against a market
price decline in the near future in
the price level of raw materials
which consist Largely of farm prod
uCtS
Firm Food Prices Seen
Under such conditions, no par
ticular recession in the prices of
manufactured goods can be ex-
pected because of the maintenance
of the cost of manufacturing. Firm
prices for raw materials will bar a
reduction in the cost of raw ma
terials used by the factories while
firm food prices will prevent much
of a reduction in the cost of labor.
In addition, it is unlikely that
foreign developments will bring
pressure to bear on the price level
in the immediate flu ure. While the
purchase of American goods by
foreign countries is, at the present
time, being financed to a large ex-
tent by shipments of gold and sill
yer to this country. there is little
indication that the foreign supply of
these metals has yet reached a low
enough point to necessitate a SUI
ficient curtailment of the demand
for American goods to have much
of a depressing effect on the price
level.
Finally. the continuation of large
expenditures by the United States
government Will tend to act as a
deterrent to a price recession"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
SHEEP AND LAMBS

-Receipts. 1000
choice ..........'....-... ss75d $50
Medium Observation-Disclosures. s.5OG s55
Ewes
ts0-l25 lbsl Good and choice 2.50G $50
All weights, common and me-
diums ..-..--.---.. --.--... .T5I 2 90
(l2o-l5o) Good and choice l.25G $50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21

TINE next big merger move was
i the one Of several months ago
involving The Republic Steel Corp.
and the COrrigan-M Mckinney Steel
CO. II had been thought for
while that the Department of JUS
tice would prevent the cOnsolida-
ton, but that possibility has
petered out now. Republic, a big
fellow IN its own right. improved
Its position IN the industry cOnsid-
erably as a result of the deal.
Within the last 10 DAYS Inland
Steel Co. and Joseph T. Ryerson 81
Son. Inc, two leading Chicago steel
companies. suddenly announced the
completion Of a merger pact. The
fusion Of these two units brought
together a combination with S117,-
100000 of assets-the seventh larg-
est in the domestic fed
This latest traE'actiOn is be-
lieved to have galvanized the
United States Steel Corp. into &C
ton. Although it occupies the top
rung in the industry. United States
Steel has not lulled itself into a
situation of false security. Indica-
tion Of this came on Monday when
the company announced a second
appropriation of s2O.OOUOO0 to COM
plete the enlargement and modern
izatiOn Of plants of the American
Sheet & Tin Plate Co. a subsidiary
located at Gary. Ind
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
Unlisted Stocks

BY Biyth & Co. Inc
NEW YORK BANK STOCKS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
Trends
Big Steel Concerns
Continue Fight
for Position.
by VINCENT LYONS
Times Financial Editor

DERHAPS with such romantic
Il figures as Bessemer. Carnegie,
Gary. Campbell and Schwab stand
ing out in bold type on the pages
OF the American steel industry's
history il IS fitting that the trade
shori5 never be entirely quiescent.
Fer and ever the miscellaneous
-mits IN the industry, sometimes
quietly and other times bombasti-
cally. carry on their battle to main
tam or improve their respective
positions
Just about three years ago a
fierce industrial struggle was be-
Ing Waged over the proposition to
weld the Bethlehem Steel Corp.
and the youngstown Sheet 81 Tube
CO. into an enterprise with assets
Of close TO $1,000 100000 Favoring
the merger was the late James A.
Campbell chairman of Sheet &
Tube, opposing u was white
matched Cyrus S. Eaton.
The pawn IN the game was the
common stock Of Youngstown
Sheet 81 Tube for stockholders had
TO ratify the consolidation proposal.
Large premiums were paid for the
stock. which scared diZzily to Sl52
on the New York Stock Exchange
The Eaton group. it was disclosed
later, dumped s11OOOOOO into the
contest to purchase stock. An i'm
posing array Of legal talent wran-
gled with each other. Finally the
merger was approved by stock
holders. but a few months later the
courts held the consolidation in
valid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-21
N. Y. Bonds

(By Abbott. Proctor & PaineI
Reprinted From Yesterday
DAILY BOND INDEX
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
FATHER, SON DINNER
HELD AT CHURCH
Committed from bage one)

speaker of the evening, A. F.
Barber.
Mr.. Barber urged both fathers
and sons to be tolerant, not only
in their relationships to each
other but also in their relation.
ships outside of the family. He
stated that intolerance was cause
of a great deal of the troubles
of the world today and that if
fathers are tolerant with their
children, and children likewise
tolerant in their viewpoint much
more happiness can be derived
from living.
Following Mr.. Barber, Com,
mander Elder, of the Blue Ridge
faculty spoke briefly, urging the
young peopleto use Christ as
their shield to protect them
throughout life.
This being the last meeting of
the church year of the mems or
ganization of the church, the an
nual election Of officers result
ed in the selection of the follow
ing named men to serve for the
next twelve months: President,
DR.. r. H. Brown; vice-president.
j. 7. Fain, Jr.; secretary o. 7.
Brownlee, Jr.; treasurer, John l..
Brown, reelected The Officers
were nominated by a committee
of which C.. F. Stonecipher was
chairman.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
EMPIRE STATE IS
LIBERALIZING LAW

Continued from mage onei
How much money does he make
If it's a PWA worker it doesn't
make a case"
Quinn replied he didn't care"
how many "shakedowns" occur
red as long as zone honest VIC.
man is permitted to go into court
with an honest action"
"Do you think money will
bring back virtue?" McNaboe
J asked. - ..
"Under the old common law
they put you IN the hoosegow,"
/ Quinn said. -
"You can't mend broken
heart with gold" McNaboe snap.
ped.
"Let the philanderer pay
Quinn declared.
The bill declares it against
the public policy of the state tc
permit filing of alienation of af
fections and breach of promise
suits.
/ Meantime, the assembly pass
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
Valley Hill School
Grounds Will Be
Beautified Again
Miss Dorothy Nelson Wins
U.D.C. Award For Her
Essay On Lee

Valley Hill school was brought
to the close of another successful
year on Friday, March Is, with
an interesting program offered
friends and patrons. Rev. J. A..
Mason, pastor of the Valley Hill
Baptist church, made an address
on christian Education" His
text was Eye are the light of the
world" and he developed, through
his address the idea of the seven
lamps of education. essential to
the development of a well round
ed education.
Mrs. Lila Ripley Barnwell, on
behalf of the United Daughters
of the Confederacy, awarded a
medal for the best essay on his
tory to Miss Dorothy Nelson. Her
essay was on Robert Z. Lee. Dur
ing the course of her remarks,
Mrs. Barnwell also congratulated
Mrs. J. L. Redden on the progress
of Valley Hill school and the
splendid cooperation of the facul-
ty during the entire year. Miss
Nelson's essay won high praise
for it's literary and historic merit
by all who heard it.
The seventh grade, under the
direction of Miss Mamie Perry,
the music teacher, and assisted by
Miss Mcdonald, seventh grade
teacher. gave the operetta, "Pol-
ished Pebbles" Miss Margaret
Gibbs played an outstanding part
as Mrs. Cable and Miss Anne
Hamilton as "Rosalie."
Other attractions on this pro-
gram included the toy band I'M
der the direction of Miss Kath-
crime Sheppard and Miss Perry
and composed entirely of primary
children. Their costumes CORE
sponded to the sunbonnet and
overall choruses in the operetta.
The string band which is con-
sidered a feature at Valley Hill
PLAYED also. Between acts a tap
dance was given by Antoinette
Anders.
April has been fixed as the
day for the improvement Of Val
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
RALEIGH HAS BAD
FIRE TUESDAY NIGHT
Continued from page one)

CONTINUED from page 0ne)
Two women employees of the
store, Mrs. w. o. Floyd and Miss
Lillian Hutchings, were overcome
by smoke and removed by fire
men from the second floor. Two
hremen, Assistant Chief Early B.
Smith and Kenneth ELAN, were
cut by flying glass.
A fire hose broke, drenching
many of the hundreds of specta-
tors who crowded the streets, i'm
peding work of firemen.
Tenants of the Raleigh Bank
and Trust company building, a
History structure, were ordered
TO evacuate as the flames licked
at its lower floors.
Efird's store runs through a
block, fronting the city's main
streets.
Several women employees at
Etlrd's were brought down lad
derS from the mezzanine floor of
the store. Some were reported cut
oy glass, when, blinded by dense
smoke, they stumbled into closed
windows.
Columns of smoke and flame
rose beside the Raleigh Bank and
Trust company, one of the city's
talIest buildings.
Tenants Of the Holleman build
lngs on the other side were order
ed to evacuate.
Hundreds of spectators throng-
ed the streets, impeding the work
of firemen.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
The Dahlonega Mint

The mint at Dahlonega, Ca, ex.
listed from the 1S30s until the Civil
war. DahlOnega is situated among
tie foothills of the southern por-
ton of the Blue Ridge mountains
Ii a gold mining region. The name
d from a Cherokee phrase mean'
ing gold" The coins minted there
were gold, and bore the mint
mark 3D."
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20

following business persons: MIS-
H. c. Ransom, a lovely cake; MI
Henry Mitchell of the A. and r,
a large basket of fruit; Mr.. Caro-
lus Williams, agent for Abbott
Knight, dry cleaning ticket; IA
Inns store, beautiful hose; Brun-
son Furniture Co., an attractive
magazine rack. The others were
given by club members. Follow
ing the games a delicious salad
course was served.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
DANA SCHOOL YEAR
IS CONCLUDED
Continued from page one

CONTINUED from page one)
Hill, Faye Hyder, Margaret Lane,
Della Mae Pace, Frances Garren,
Nell Wagner, Ethel Merrell. Katie
Lee Love, Gladys LYDIA, Thelma
Jervis, Eloise Shipman, Annie Fac
Corn, Louise King, Sybil Tabor,
Ottie Belle Lively. Mamie Belle
Clark; together with Messrs. Mon
roe Reed, Allard Garren, Lector
and Gather Hyder.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20

ley Hill school grounds and also
for the planting of flowers.
The seeds contributed by the
children and planted in the spring
give enjoyment and pleasure to
both the pupils and teachers in
the summer and fall, as we'll as
adding to the beauty of the COM
munity.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-20
LBLE DEPART
Es BENEFIT

hatrick's beueft-orIdg
krjay afternoon in the
IN The Ssyland hotel
I'm The Round Table a
Il The Toman's club,
n affair, There were
Il play in a setting
c,iyeness was enhanced
of dafOdiS,
prize. generously do
Ia Knit-Ease Yarn Co.,
Ia Mountain Industries
Ethe Skyland hotel. was
Is. r. n. De'aplare. The
Is were won By Mrs.
brrest high, Miss Willie
Ii Nr$ F. w. Street
Tied, lesdameS H. V.
IH. Franks. G. y. Mo-
. Burrowes. H. ". Full
ErOOyer. KiHzer. B. L.
ffOrd Smith, and A. L.
!tIese prizes were do
Ia the kindness of the