davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09
DEATH CALLS OCHS,
NOTED PUBLISHER
Continued from page one)

denly of heart disease March 20.
Tentative funeral arrange
ments announced last night called
for a brief service at 9 am. We'd
nesday at the Julius and Bertha
Ochs Memorial Temple, which he
erected here a few years ago in
memory of his father and mother.
The body then would be taken to
New York for further rites, &C
cording to the tentative plans.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09

March 26. .,,+ &c soon as
he returned to Washlng go+ails of
t tSd EXPANDED s administrative, ;g se,.
nm nm required to project t4 pI.gs for
tic c work-relief program ITO L final
s s,v "" setup were put Into i'i'"'
sun sun, hoard the NourmahaL
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09
CAIRNES.M'CRAV
MARRIAGE U Nj

Miss Josie Ann Cana IN,
Ter of Mr.. and NK h ~, =.
and Hestlcy Steytrg, YS,.
son Of Mr.. and W n, y
Graw, were marrg4, n-;,,
by Magistrate VILE hi
are Henderson,. sGsg
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09
OHIO G. A.iMUa,

CLEVELAND. lh-%L
Armstrong, oldest Hgsts
g. A. R. in Ohio, is ia. Nv
%.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09

But if anybody is simPAa
to buy reducing pills, hoE !
ever get money enolg, J
fat?
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09
DOG LIVES Is YEN

KENYON, O.. April Q, q
Ponce" beagle hound ID
to Charles Glenn here, i'z
the ripe canine age of Il
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-04-09

What this country needs, as any
girdlemaker will tell you: A con-
stitution with a two-way stretch.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
NeW York Stocks

BIZ Triicd Prcss
NEW YORK. Aug. THE stock
market wss irregularly lower early
this afternoon as proft-taking
spread into nearly all sections.
A few issues. exceptional to the
trend. held gains. These included
General Motors. Chrysler, Sears
Roebuck. May Department Stores,
Montgomery Ward, Best & Co. and
National Department Stores pre-
ferred. The latter was up more
than points.
Utilities slipped back. Socony-
Vacuum continued to decline and
was of more than a point at II
U. S. Steel eased nearly a point
and so did the preferred. Ameri-
can Telephone, Case, western Union
and Westinghouse Electric were
down fractionally.
Railroad shares weakened. Union
Pacific which lost Az points yester-
day was at 9612, off "a. The lat
ter in turn was down Is points from
the years high. New York Central
went below 20 for loss Of nearly
a point.
Metal issues we're steady around
the previous close. Amusements
also fluctuated around their yes
terday's last levels.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
PORKERS AGAIN
MOVE UPWARD
Market Generally 20 to rs
Cents Higher; Top at
$11.8O.

The continuation of extremely
light receipts and a strong demand
set off another sharp advance in
the pork market at the local stock
yards today where prices were gen.
orally 20 to 25 cents higher than
yesterdays best average.
Today's sharp increase brought
the top price paid for good and
choice weights up to $11.8O, the
highest level since September, 1890.
Surrounding livestock exchanges
followed the local market in boost
ing prices, but values here continued
the highest throughout the Midwest.
Several traders are confident of a
$l2 top before the end of the current
week. Receipts today were esti-
mated at 5000. Followers today
numbered 1874. The bulk, $50 to 225
pounds, caShed in at $11.65 to S1I.75.
Medium heavy weights, scaling
from 225 to $50 pounds, were Salable
at $11.50 to $1160. while extreme
heavies ranging from 300 pounds
and upward brought 5000 to $11.15.
In the lightweight division. hogs
weighing 100 to 100 pounds sold at
$1l to s1l.50. Packing sows brought
$40 to S10.75.
General trade in the cattle market
was less active than yesterday, with
most early sales holding steady. Few
loads of better grade steers were
valued from $40 to S11.50. Top price
held at $12. Bulk of good classes of
heifers ranged from Sc to SO. Cows
were tending lower, selling at $3.50
to $3.50. Bulls ranged from S6 down.
Receipts we're 1900.
Vealers again continued I'M
changed, with good and choice
grades Salable from SO to $3.50. Re-
ceiptS were 800. With a liberal sup
ply on hand, the lamb market moved
sharply 25 to so cents lower than
yesterdays closing prices. Bulk of
better grade good and choice eve
and wether lambs sold at SO to
$875. Bucks still were discounted
from soc to 81. Slaughter sheep
sold at 81 to SO. Receipts were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
GROCERY SALES RISE,
10 TO 80 PER CENT
Business Volume in First Six Months
of 1885 Exceeds 1884 Figures.
By Times Special

bW iWtS SpCClUt
NEW YORK, Aug. 7.-Sales of
groceries during the initial six
months of the current year showed
an increase of from 10 to 80 per cent
over the corresponding period of
1884, according to survey made by
Dun & Bradstreet, Inc, released
here today.
Since April, however. the rate of
the rise has slackened," the survey
said. as more stability was dis
played by the price structure. and
outlook for increased yields of the
major crops removed the possibility
of any shortage of supplies
A better trend toward quality
merchandise and nationally adver-
tised brands also was noted in the
report. Meat sales, in some in
stances, we're reported as much as
25 per cent under a year ago, due
to the extremely high prices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
H. |. DOHERTY'S
STOCK INTEREST
SHOWN BY SEC
Holds Directly 226,558
Shares of Cities Service
Co., Report Reveals.
81 Unitcd Press

y tHlffN fffSs
WASHINGTON, Aug. Huge
holdings Of Henry L. Dcherty n the
Cities Service Co. were reported to
the Securities and Exchange Com
mission today, along with a num-
Der of large financial transactions in
the securities market during June
by other interests.
AS of June Is, Mr. Doherty was
revealed to be holding directly 226-
$50 shares of Cities Service common
stock and had an interest in 1905
354 other shares through six invest
ment companies. He also was shown
to have an interest in 10000
shares of the company's 5 per cent
preferred stock and in smaller
'amounts of other classes of preferred
StocI.
Other important security deals
during June reported TO the SEC:
Sewell L. Avery, president, Mont
gomery Ward and Co, purchased
$4,000 shares of the company's COM
mon stock. increasing his holdings
to $4,000 shares.
John j. Raskob acquired 16.540
shares of General Motors Corp.
common stock. increasing his hold
ings to 1855. Alfred P Sloan Jr.,
president, sold 1920 shades of the
companys IS preferred stock and
purchased directly 700 shares of E. I.
Du Pont de Nemours and Co. COM
mon stock.
R. E. Blake. F. J. Hopkins and P.
B. Jamison, all of the International
Shoe Co, each disposed of 1000
shares of the company's common
stock by gift while B. A. Gray dis
posed of 1900 shares in a similar
manner.
Arthur w. Gluten sold 240O shares
of LooSe-WileS Biscuit Co. common,
reducing his holdings to 200 shares.
Ogden L. Mills, former Secretary
of the Treasury. sold 5000 shares of
National Biscuit Co. common stock.
reducing his holdings to 27,50O
shares.
William K. Vanderbilt gave away
1000 shares of New York Central
Railroad capital stock. reducing his
holdings to 40,085, and reduced his
holdings of Western Union Tele-
graph Co. capital stock to TOO
shares by a gift of 5000 of that issue.
Samuel zemurray sold 5000 shares
of United Fruit Co. common stock,
reducing his holdings to 9O,87l
shares.
Robert E. Wood. president Sears.
Roebuck & Co., sold 1920 shares of
the company's common stock, re-
ducing his holdings to $4,000 shares.
The Rockefeller Foundation was
shown to be holding on June % the
total of 135,648 shares of Standard
Oil Co. of Ohio common stock and
$4,000 shares of 5 per cent preferred
stock
Newton D. Baker, Secretary OF
War under President Wilson, held
IL shares Of Goodyear Tire and Rub
Der Co. common stock on June II.
Joseph Wiltshire, president, Stand
ard Brands, Inc, sold 1000 shares
Of the company's common, reducing
his holdings to 421OO shares.
w r. Timhen sold 1913 shares OF
Timken Roller Bearing Co. common
stock, reducing his holdings to 272,-
931 shares
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
Other livestock


by Times Special
LOUISVILLE. Aug. 7.-Cattle-Recefpts.
400; demand slightly easier for beef COWS.
but fairly broad demand for other slaugh-
ter classes; market, moderately active
generally steady; most common to medium
grade grass steers and heifers, s5.25N 50 !;
better finished grade on grass offerings
quotable upwards of 50 and strictly dry
feds eligible somewhat higher, bulk beef
cows, s425@5,2 rs; practical top. IS 50;
low cutters and cutters mostly s2.75M3.75.
strong weight cutters to 81: bulk sausage
bulls. s450M SIS; most beef type stock
ers and stock calves, s6d3: plain light
southern dairy breds s350N5 Calves
Receipts, $50 including 100 stock calves:
vealers steady; bulk good to choice grades.
s7.50G8.50; medium to lower grades Sc 50
down. Hogs-Receipts 500; market. zoe
higher; top and bulk better l60-225 lbs.
sll.60 highest locally since Aug. 81. 1890;
230-275 lbs. s11; 280 lbs. up, $40 so; 14o-
155 lbs $1,000; 12o-l35 lbs, s955; sows.
S9.25. Sheep-Receipts, 3000 including
500 stock ewes: lambs in moderate supply,
general quality not very desirable. some
buyers talking SOC lower on better grade
lambs with most sellers asking Csc of
or s7.75M825 for good to choice grades;
medium and good lambs including bucks.
mostly s6m725; common throwouts quot
able s5G5.50; bulk fat ewes. $3.50 down;
most better stock ewes salable. S7G8 a
head; choice young ewes to $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
RAW MATERIAL,
FACTORY LABOR
COSTS ADVANCE
Combined Figure for First
Hall 1853 Per Cent Above
Depression Low.

BIZ Times SDccigi
NEW YORK. Aug. THE COM
bined cost of raw materials and
factory labor during the first half
Of 1885 was 26.9 per cent higher
than at the low of the depression
in 1888. according to an analysis
issued today by the Alexander
Hamilton Institute.
The price index of raw materials
G923-1925 equals 100 rose from a
monthly average of SIS in. 1888 to
n in 1885. The cost of labor index
dvanced from 64.6 to 76.6.
The rise in raw material prices.
the Institute declared, was due to
two factors. In the first place
prices slumped lower during the
early years of the depression than
was warranted by the deflation of
credit and there was consequently
a corrective movement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
On Commission ROUU

Quotations below are sversEe Wholesale
prices being offered 10 buyers by local
commission dealers
FruitS-BananaS 4i-o 10 Peaches e.
hertsS. bu. s. so. Early varieties. bu. 81 IS
Oils. Can;aloupes. Indiana Jumbo flats,
81 10. Standard fats 90c. Honey DewS.
California S.. 9s. rs 81 ., Honey Balls.
Jumbo. SOS. ass. So 81 Wstermelons Wat
case e. .. Blue berries. southern. 1s-ot
case. 81 50 Apples new TranSparants.
sl24T13S. wealthvS SI3S. Pearls. 81 IS.
fornia. seedless s4s s. Lines, Mexican.
carton. roc. Persian seedleSS. per 100. So.
California fruit-AprIoots. Tugs. 81 SO;
Plums. blue, red. yellow. s2.2S. Erapes.
SeedleSs S225,
less bu. Si35. BeetS-Home Grown. doz.
l7iec. Cabbage. home grown, bu. soc. Car
rots home grown. and Ohio. soc. new
bulk half bu. sc. Csulhower. Washington,
1lS-i2S. crate S2i5. Celery. Michigan,
washed and trimmed Jumbo. doz. 60c; me-
drum. doz. soc; hearts. ooz stalks, soc
cumberS. home Srown. bu. 50 KaIe. home
grown bu 40c Lettuce. Iceberg California.
best S375. home grown. leaf. l5-lh basket.
soc Endive Ohio basket 75c MangoeS.
home grown. bu. 81 SO. small basket. CSC
Mint coz soc Mustard. home srown bu.
soc. Onions. home grown. yellow. 50-lb
bag. 81 home grown. white. S0-lo bag.
81 50. Parsley. home erovn. doz. 35c. Peas
Colorado hamper Sass Potatoes-V!r-
ginia co5blers. i00-lb bag 81 so; Kentucky
and Missouri cohblers iO0-lb bae l35.
Minnesota RussetS. l00-lb bag. 81. Sweet
potatoes. new Triumphs hu. Sis: new
Florida Jerseys SIS RadiSheS Ohio but
tons 2-doz baske. s5c Rhubsrb. out door.
dor soc. Sage doz. 45c. Spinach. New
Zealand bu soc. Squash. summer white.
bu 81. TurnipS new. bu 81. bunch. coz.
40c Tomatoes. home grown. lob basket.
4sc
All Rb,ive quotations are subject 10
change up or down at any time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
MINING MANUAL READY
Edition for 1885 Gives Many Details
Of Industry.

The Mining Manual for 1885. the
only publication giving the particu-
lars on mining companies, has lust
been published by the Statistical
Research Bureau. 108 w. 6th-st, Los
Angeles. The Manual covers over
600 mines and mining companies in
its 800 pages.
In addition to detailed company
information, the Manual contains
map of the principal mining dis
tricts of the Western states, a CLOS
sary of mining terms, mineral pro-
duction statistics for the United
States and possessions, a directory
of manufacturers and distributors
Of mining machinery and equip
ment, summaries of the 1884 trans
actions in mining securities of the
leading exchanges, and a directory
of stockholders active in mining Sc
curities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
TAX-FREE LIENS
HELD NO HARB0R
FOR SUPER-RICH
Proportion of Stocks Rises
With Funds of Estate,
Or. Anderson Says.
By Times Special


NEW YORK. Aug. Blasting
the view that tax-exempt securities
are the investment reservoir of large
fortunes, DR.. Benjamin M. Ander-
son Jr., economist for the Chase
National Bank of New York, points
out that the proportion of stocks
in estates rises steadily as the estates
grow larger.
In the current issue of the Chase
Economic Bulletin DR.. Anderson de-
clares that it is commonly supposed
that men of large fortune purchase
tax exempt securities for the pur-
pose of avoiding income tax pay
ments. Very many large estates,
he adds, will have substantial blocks
Of these securities but popular opin-
ion very greatly exaggerates the ex-
tent to which large estates contain
taX-eXempt issues.
Table Shows Proportion
The following table, based on an
analysis Of the composition of some
10000 estates, gives a large enough
base TO tentative conclusions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
WHEAT PRICES MOVE
LOWER AT TER START
Liverpool Weakness Helps
Push Values Down.
By THitcd Press

By UHitcd Press
CHICAGO. Aug. Wheat prices
eased in sympathy with weakness
at Liverpool today on the Chicago
Board of Trade.
At the start wheat was 3 to &
cent lower. Corn was Is cent lower
to Is cent higher. Oats were of q
to up "a cent, and rye was 4 to q
cent lower.
There was scattered selling of
wheat at the start based on the
lower prices at Liverpool. Bartlett
Frazier & Co.'S Liverpool house
cabled that buyers were holding off
in anticipation of a change in the
Argentine weather Trading was
rather light with small amount
of hedge selling in evidence.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
NORTHWESTERN TRADE
INCREASES OVER 1884
Retail Volume in June Shows Gain
of 10 to Is Per Cent.
By Times SpCciqt

~ = q fHtfN = pfttNt
MINNEAPOLIS, Aug. 7. - The
business volume IN the ninth FEEDER
al Reserve District during June
showed sharp improvement COM
pared with the same month a year
ago, according to report released
here today by the Federal Reserve
Bank
The report showed an increase Of
10 per cent in city department stole
sales and a IS per cent gain in sales
of rural department and general
stores. The June volume, however.
was slightly below May. but was
larger than a year ago.
The July volume in the ninth dis
trict is expected to maintain about
the same level as June, it was re-
ported. Those registering increases
in June over the same month of
1884 were bank debts, country check
clearingS. volume of building per-
mits and contracts. electric power
consumption and various other
lines.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
SHARE TAXES PLAN Is
URGED BY OIL HEAD
E. G.. Schubert Asks Stockholders TO
Protest Discrimination"

~ mes NpcCiQt
CHICAGO. Aug. edward c..
Schubert, president of the Standard
Oil Co. of Indiana. protesting
against the sharing" and soaking
typs of tax proposals has suggested
a counter-movement. one to share
the taxes" it was announced here
today.
Mr.. Schubert in letter to approx
mately $4,000 of the company 5
stockholders has asked their coop
Grafton in telling their representa-
tives in Washington what they
think of the tax campaign being
leveled against various large cor
porationS.
The danger in present proposals
is not so much in their immediate
effects as in adoption OF the prin-
ciple of discriminating against a
corporation merely because it is big
and successful Mr.. Schubert pointed
out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
Other livestock
by United Press

7o CH1C GAG avg Avg .-HogsIReceipts.
goa 35c higher, than. Tuesdays average:
lbs. 81 6Oa II 30: most medium TO good.
bulk pnsorted packing sows, s1o.25q 10, 40;
Receipts aooo calevs. 1900. I'd TO SIPS
loads: sl2a12 20: kinds Of value % sell at
sll.5o upward fairly. active and fully
steady others slow: but getting some ac-
cows steady: bulls strong: vealers steady
10 easy: weeks supply stockers and
prices mostly s6G IS. with better grads
calevs and vearlings S3N525. Sheep-Re-
ceipts. 5000 fat lambs uneven: mostlv
steady with spots easier: bulk gooo 70
choice native lambs highly sorted SAYS.
top. So sheep. firm: native ewes. s2N3.5o.
Fl. WAYNE Aug. -Hogs-Receipts,
Csc higher. 10000 lbs. sl0n IL so; 200-225
lbs sll 50: 225-25O lbs. s1l35; 250-215
lbs s11l Is 255-5oo l0s 81: 39o-35o lbs.
81; l3o-l4o lbs. sio.95; l20-l3O lbs:
stays s7,75. Calves, So; lambs. So
higher 1920 lbs. .s5@ll.75; 2io;
lbs. Sl125M $50: l30-l50 lbs sl0.75a II:
10O-l30 lbs 1025N 10 so. roughs si0.25
down. Calves-Steady, $3.50 down. Lambs
Steady. So down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
Rise Held too Great

The $50 per cent rise in costs
from 1888 to 1885 should thus have
been accompanied by a IL per cent
rise in the prices of manufactured
goods instead of a 16.1 per cent rise.
In other words. the price index. in
stead of being 829 during the first
six months of 1885 should have
been 76.5 to correspond with the
cost index.
The rise in the price level of
manufactured goods has retarded
the revival of manufacturing &C
tivity for which the rebound in the
national income from the low for
the depression in 1892 laid the base.
While the national income this
year, as indicated by the Depart
ment of Agriculture's optimistic
estimate of the 1885 farm income,
will be the largest for the recovery
movement, it will be far too low to
permit factory output this year, at
the present level of prices, attaining
the 1929 volume
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
Drought a Factor

In the second place. the price rise
was due to the curtailment of agri-
cultural production as the result Of
the 1888 and 1884 droughts and of
the governments acreage restriction
measures.
The rise in the cost Of labor, p"
it is pointed out, was due to the
shortening of the working week,
which was fostered by the NRA and
TO the rise in the price of foods.
The rise in food prices necessitated
larger weekly earnings. In order to
provide such earnings, it was neces-
Sary to raise wages sufficiently to
more than offset the reduction in
the number of hours worked.
The rise in the cost of manufac-
turing from 1888 to 1885 was &C
companied by an advance in the
price index of manufactured goods
from TIA tc 1923. This price in
crease was not entirely warranted
b. the rise in costs since prices in
1888 were relatively much higher
than costs. Whereas the price in
dex was TIA Z. 1888, the cost index
only COB.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
INSURANCE SALES RISE
Lincoln National Life Reports Gam
in First 6 Months.
BY Times Spcciat

FIT. WAYNE. Aug. THE Lincoln
National Life Insurance Co. at the
end of the first six months of 1885
has $685., 100000 of insurance In
force, according to a report made
today by Arthur F. Hall, president
This figure represents an increase
of S2053 900 for the first six months
of the current year. Gains in IN
surance in force are again beginning
to be registered in the life insurance
business for the first time since 1890,
Mr. Hall stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
Produce Markets

TIE prices quoted below are paid for
stock gathered IN the country. while de-
lVered IN Indiana polls the price viii be
cent higher. Heavv breed hens. i3c. Jee-
horn breed hens. ioc. heavy breed cocks
ga Leghorn breed cocks &C. colored
broilers lbs and up. i4c Leghorn broil-
ers \ lbs and Up lie. bareback broilers
Zoe. ducks fun iesthered and fat. &c:
geese fun festhered and fat Sc. guineas
f5c each No. l strictly fresh eggs. loss OF
lec Zach fun case must weigh IS lbs
gross. a deduction OF i0c a pound under IS
ihs Uil b. made Putter-No ! 1sd 7ac .
hutterfs.. 2le, Quoted BY the Wsoley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07
lBy James E. Bennettl
LOCAL CASH MARKET

City grain elevators are paving 30 cents
for No. soft red wheat Other grades on
their merits Cash corn No. 2 yellow
rs cents and oats 81 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-07

Howell had sold his seat for $4,000
Yet, upon the rare visits of Mr..
Howell to the exchange floor. the
word that he was present was quick
ly whispered around and traders
watched for things to happen. Some
times they were disappointed-but
not often.
Like most of the deals Mr.. Howell
undertook, sale of the exchange seat
Melted him a good profit. He be-
came a member II years ago-on
Jan. 4, 1923, when the market was
beginning it's long, steady climb that
eliminated in 1929. At that time
seats were purchased below the
100000 mark. And in 1929, when a
number of seats we're added and
every member received rights to an
additional quarter seat, these rights
sold around 100000,
Lost S1,OOO,OOO in Corn
Last November Mr. Howell was
cited before the Grain Futures Com
mission for alleged illegal acts in
connection with his huge operations
in July corn in 1881. His case was
heard in June and taken under ad-
visement. At that time his attorney
declared that Mr. Howell lost more
than $l,000,000 in connection with
the big squeeze play from which he
was at one time believed to have
profited by millions.
Earlier this summer he was
spending his time at Montawk
Point, where he has a summer home
and where his yacht, the Thalia,
casts anchor. When activity in the
Chicago grain market became active
Mr.. Howell left for the West.
While Mr.. Howells name at times
has been linked to those of Arthur
w. Cutten and Jesse Livermore, Chi
cago grain spectators now declare
he has succeeded Mr. Cutten as the
largest Spectator in the Chicago
Board of Trade today.
Is an Individualist
Yet, above most others, he is an
individualist, taking or giving little
advice-yet, in the mystery that has
grown up about him, it is said in
Chicago that he knows more about
the grain of the world than any
other man.
His most noted exploit was that of
buying about 100000 July delivery
contracts of corn in 1881, when the
Federal Farm Board was selling. To
the amazement of every one, he
called for delivery, and the price of
cash corn gradually climbed until it
appeared as though a huge profit
had been piled up.
Mr.. HoWell's attorneys declare
that he was public benefactor
through this deal in that he sus-
tanned the price of corn against
great odds, much to the profit of the
farmer, but that when he finally
sold the grain his losses were suffl-
cient to ruin mere millionaire.