davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1935-10-17
August Orders Highest for
Any Month Since
Boom Year.

The progress that has been ac-
complished recently in the machine
tool industry is graphically indicated
in the above chart, contained in the
Survey of Current Business, pub
liShed by the Department of Com
merce. Orders received by the in
dustry in August were the largest
for any months since 1929.
The terrific impact of the depres-
sion upon this industry, which is
very sensitive to changes in indus
trial activities, can be observed by
the drop from an average index of
orders in 1929 of 1858 to an average
index of 1876 in 1882, w. H Myer,
acting chief of the machinery divi-
sion of the Department of Com
merce, declares in an accompanying
article.
In February, 1929, the peak month
for that year, the index stood at
1868, while the low point for a pc
ROD OF more than Is years was
reached in March, 1888, when the
index dropped to IA.
"1he rising tide of machine tool
business" Mr.. Myer declares, may
be viewed as visible sign of return
ing confidence; it should be noted,
however, that other products which
are generally sold to industry, for
which monthly sales data are avail
able, have not recorded increases in
business comparable with those of
the machine-tool industry.
although the machine tool in
duStry accounts for only some 2 or
3 per cent of our total machinery
production, it is nevertheless one of
the key industries in a highly
mechanical country such as the
United States Our ability to main
tain a high standard Of living and
to compete successfully in the mar
kets of the world depends to very
large extent upon our manufacture
ing technique.
Machine tools are the basic tools
of industry, for they constitute the
equipment with which other pro-
ductive machinery is made, and
without high standards of machine
tool equipment all of our manufac-
turing facilities must inevitably
suffer"
The Indianapolis times., 1935-10-17

The purchasing power is the in
come of the community. Therefore
/ the community will not be able to
/ buy all it produces unless it pro-
/ duceS as much income money in
/ Gomez as it produces goods goods in
value).
We must have two machines in
the country-one to produce goods
/ and services; one to produce in
come What machine produces in
come? The same machine which
produces goods and services. The
income of the community consists
of the sums expended by enterprises
to produce On other words, the
costs of productions and the money
income Of the community are the
same.
The reasons that goods are not
bought are % people are not will
| ing to spend their whole money in
come; (2} enterprises insist on add
ing to their costs too large a profit.
j. M. Keynes thinks anything over
normal profit ruins things. 1 believe
Major Douglas, social credit apostle,
thinks all profit does. But he rec
ognizes that there must be profit in
the capitalist money economy which
he supports.
AS there is not enough money in
come produced to equal the cost Of
production plus profits, the result is
that the community can not buy
back all the goods it produces. To
overcome this, it resorts to credit.
That is, goods are sold on credit
to be paid for out of future income
or are bought with borrowed funds
to be repaid out of future income.
But credit tends to raise prices and
whatever raises prices tends to dis
turb the whole system. This is di-
rectly contrary to the New Deal
schemes to raise prices.
The social credit plan attempts to
overcome this first by recognizing it.
| Then it proposes to induce mer-
chants or producers to reduce their
prices in order to enable the COM
munity to buy To recompense them
the government will issue to them
social credit, without interest, a
species of fiat money. The COM
munity will buy more at the lower
prices. The dealers will lose moth
ing. This is the bareSt outline of
the plan.
(Copvripht 1925 NEA Service Incl
The Indianapolis times., 1935-10-17
INDUSTRIAL JOBS
HERE AT NEW TOP
September Index Highest
Since August, 1884.

Industrial employment in Indian
apolis climbed TO the highest level
since August, 1884, the Indianapolis
Chamber of Commerce announced
today. September jobs of the SO
industries used in the compilation
were 532 more than in the preceding
month and sos ahead of the CORE
spending month last year.
Many industries report that they
are not only more active than they
have been for many months, but
that they are submitting estimates
for more future business than has
been in sight for some time.
General business statistics COM
piled by the chamber disclose a
marked improvement over preceding
months and year ago.
The Indianapolis times., 1935-10-17
P0RKER PRICES
REMAIN STEADY
Cattle, VeaIS Stationary;
Lambs Move rs to so
Cents Lower.

A further slight reduction in re-
ceipts and an improved demand at
the indianapolis livestock exchange
today checked the recession Of hog
prices and resulted in a steady trad
ing range for all classes.
Receipts were estimated at 1000, a
decrease of 500 from yesterday. Only
approximately 158 hogs remained
unSold at the local market.
Following sharp price declines for
the last three sessions, hog values
are now around As to so cents lower
than at this time last week. The
bulk, 100 to $50 pounds, cashed in at
$1O.5O to $1070. The top price held
at S1O75. Light slaughter pigs,
scaling 100 to 100 pounds, brought
$500 to 5000. while packing sows
sold at $3.50 to $3.50.
Activity was limited in the cattle
market, with most slaughter classes
slow and unchanged A single load
of steers weighing 100 pounds
brought S11.50, while few small lots
cashed in from $3.50 down. Most
heifers were salable at $5 to $3.50,
with COWS bringing $425 to $3.50
Receipts were 700.
Trading in vealS was practically
a continuation from yesterday, with
the bulk of good and choice grades
selling from $3.50 to $40. Receipts
numbered 700.
Demand strengthened in the lamb
market and as result prices were
largely 25 to so cents higher. Bulk
Of better grade eve and wether
classes sold at $875 to $3.50. Bucks
again were discounted from so cents
to 81, while all classes of slaughter
sheep ranged from So to 81. Re-
ceipts were 1900.
The Indianapolis times., 1935-10-17
GOLD IMP0RTATI0NS
CROSS S38O,O00,O 900
France Heads List With Shipment
of S1SS, 100000 Since Sept. 9.

By uitcd Press
NEW YORK, Oct. 17-The flow
of gold into the United States
which has been under way since
Sept. 9 reached $3.50, 100000 yester-
day as additional quantities con-
tinued to pour in.
Since the inauguration of the
movement France has shipped $685.
100000; England SOB 100000; Hol-
land s55 100000. and Canada, India
and Latin-American countries the
remainder.
The lie de France and the Aqui-
tania arrived yesterday with large
shipments from France and Eng
land.
The Indianapolis times., 1935-10-17
GAS TRADE IMPROVES
Industry Progresses Despite Steps
for Federal Control.
BIZ Times SnecinL

CHICAGO, Oct 17.-DeSpite steps
taken recently toward Federal con-
troll of all utilities, progress has
been accomplished in the gas indus
try. P. S. Young of Newark, N. j.,
told delegates to the convention of
the American Gas Association.
Bernard j. Mullaney, vice presi-
dent of the Peoples Gas Light and
Coke Co., and former president nf
the association, was elected a di-
rector at the annual meeting.
The Indianapolis times., 1935-10-17
SOCIAL CREDIT
DOCTRINE GAINS
HEADWAY HERE
Plan Visions Buying Power
Sufficient to Absorb
All Production.
BY JOHN T. FLYNN
Times Special Writer

NEW YORK, Oct. 1.-THE doc
trine of social credit has been gain
ing headway and it is possible that
We will hear more of it. The plan,
so little understood, can be easily
enmeshed in a haze of obscure Ian
guage.
The Indianapolis times., 1935-10-17
HOME VACANCIES LOW
Two Realty Firms Report Apart
ment Space Filled.

w. H. Keller, secretary and treas
urer of both City Rentals. Inc, and
the Allison Realty Co. today stated
that neither organization has a va
cant apartment in their entire list
of properties.
The demand for moderately priced
dwellings, particularly in the two
story single and bungalow class Is
exceeding the immediate supply, it
was announced. In the Eastern part
Of the city there is a waiting list for
these types of properties. Mr.. Keller
said.
The Indianapolis times., 1935-10-17
BAUMAN HEADS GROUP

by lmes NpeCiuI
EVANSVILLE, Ind. Oct. IL
Grover E. Bauman, wholesale lum-
Der dealer, has been appointed chair
man Of local business clinic, it was
announced here today. Arthur P.
Eberlin, secretary of the Chamber of
Commerce, was named secretary Of
the group.
The Indianapolis times., 1935-10-17
FIRE INSURANCE
MEETING DATES CHANGED


WASHINGTON. oct. 1.-THE
eleventh annual convention of the
National Fertilizer Association will
be held at Atlanta, Ga. Nov. IS. 19
and 20 instead of Nov. II, Il and 13
as previously scheduled, Charles j.
Brand, executive secretary and
treasurer, announced today.
The Indianapolis times., 1935-10-17
Short

81 tmes SpcclGI
GREENSBURG. Ind, Oct.
1.-THE Decatur County Inde-
pendent Telephone Co., the
longest line in the state, al
phabetically speaking, today
took a step to save wear and
tear on the local citizenry's vo-
cal chords. The five word cor
poration title is to be replaced
by the three word title-Pub-
lie Telephone Corp.
The company is now in the
process of reorganization and a
financing and construction
program will be announced
shortly.
The Indianapolis times., 1935-10-17
liberties EXCHANGED
RISE TO S998,O9O,O5O
Cash Needed for Operation Totals
About S25OOO0,OOO.
Bv United Press

BV Gnited Press
WASHINGTON. Oct. ia total
of 1898 .000,05O of the $1,2500 100000
Fourth Liberty Loan Az per cent
bond issue, called for redemption
Oct. Is, have been exchanged into
lower interest bearing securities, the
Treasury reported today
Complete figures showed 1868, ,910.-
$50 had been converted into 23l per
cent three and one-half year notes.
The Treasury Tuesday began pay
ing off in cash about $250,000,000 of
the Fourth Libertys which had not
been converted into other securities.
The Indianapolis times., 1935-10-17
KROGER SALES HIGHER

CHICAGO. Oct. 17.-Sales of the
Kroger Grocery and Baking Co. for
the four weeks period ending Oct. 5
amounted to $17.421,760, compared
with Sl720S.841 in the same period
last year, an increase of IL per cent,
1t was reported today.
The Indianapolis times., 1935-10-17

The economic
5 oci e t y ha wing
produced goods
and S ervice G s,
these goods and
services can be
obtained only in
the process OF
buying and sell
ing. There must
b e, therefore,
enough purchas-
ing power to buy
these goods and
services or some
Of them will re-
main unbOught.
The Indianapolis times., 1935-10-17
BnSigrabhS

Department store sales in the first
nine months were more than 4 per
cent ahead of 1884, while September
sales are estimated to have passed
a year ago by rs per cent Many
purchasers are now giving first place
to quality rather than to price.
The Indianapolis times., 1935-10-17

Macy S n a T e S
worth 81, ,144, 900, of
which $500 shares
went to his son,
Jack Isidor. Percy
Straus gave away
$4,000 S h a 7 e S,
worth $3,900,000
of W Inch 1000
shares went to his
son Ralph.
Alt h ou g h no
reason was cited
for the huge gifts.
they are believed
in line with SINH
The Indianapolis times., 1935-10-17
BUSINESS AIMS
ACCEPTANCE OF
NRA PRINCIPLES
Replies to QUESTIONABLE of
Berry Are Declared
Favorable.

BIZ United Press
WASHINGTON. Oct. l7.-Indus-
try generally wants the basic prin-
ciples of NRA-regulation Of COM
petition and minimum labor stand
ardS-retained on a permanent
basis. Maj. George L. Berry. CO.
ordinator for industrial cooperation.
said today after obtaining a cross
section of opinion.
Maj. Berry'S conclusions were
based on replies from industrialists
to an invitation to attend confer
ence. here over permanent legislation
along modified NRA lines. The let
terS were sent to 5000 leaders Of in
dustry and labor
Replies in Hundreds
Hundreds of acceptances have al
ready been received.
Il would call all the answers
favorable, Maj. Berry said, be
cause those who are unable to accept
have all expressed approval in some
measure of the plan"
President Roosevelt will probably
head the list of Administration Off
cialS who will address the business
conference which will be held short
ly after his return here
General Hugh S. Johnson. first
administrator OF NRA. also will par
ticipate, as the type of legislation
sought will preserve in some meas
ure the broad policies of the recov-
cry law. However, it is made clear
that the Administration wishes 10
| turn away from a law dealing only
with emergency problems of recov-
cry and toward permanent regula-
ton for business.
Sloan, Swope Accept
The first batch of acceptanceS re-
ceived for the conference, included
those of Alfred P. Sloan, president
of General Motors; Gerard Swope.
president of General Electric Co:
Walter G. Teagle. president of
Standard Oil of New Jersey and
Henry P. Kendall, industrialist and
mead OF the Commerce Department.
business advisory council.
Robert l.. Doughton, chairman Of
the House Ways and Means Com
mittee, recently revealed that avail
able NRA data was being analyzed
Tor House and Senate committees
and probably would be considered
in December in line with the Presi-
dents request for hearings on the
subject.
The Indianapolis times., 1935-10-17
Produce Markets

The prices quoted below are paid fol
stock .eathered in the country. while de
liyered IN indianapolis the price will b.
cent higher: Heavy breed hens, Ice
Leigh ii breed hens. l3c; springers, ovel
2 lbs, l5c; under Az lbs. i6c; old cocks
SC; Leghorn broilers. Ia lbs and up l2c
cred and fat. &c; geese fun feathered anc
fat, Sc; guineas l5c each No l strictly
i-esh egges, loss of. 24c. Each full case
aust weigh 50 lbs, gross. deduction OF
Butter, No. J. 30G3lc: butterfat. No. /
2Sc; No. ?. 22e. Quoted by the Wadiey Co
The Indianapolis times., 1935-10-17
BY United Pressl

steady; receipts, S6s7 cases: fresh Graded
frsts. &c current receipts. 25M26i &c: dir
ties, 20d 24c; checks. lSG &c Butter =
lirsts t90l9l'a score1, 26@ 26isc; extras
l92 scorei. 27c: flrstS $780, scorel. 25G
25i &c; seconds S6-S7le scorel 24c: spe-
cialS. 27is a 2Se standards, &c Foul
try-Market, steady, firm. Receipts so
trucks. one car due. Ducks. l6dl9c duck
hnES lsc; geese. l5c; spring chickens.
Is q q zoe; hens. liza a zoe: turkeys l66
l9c. Cheese-TwinS, l5I4mI5'ec: daisies,
l5'4 l6c, longhorns, 1884, a lee Pota-
toeS-Supply heavy; demand very slow;
Si.3oGl.42i2; U. S No. 2. slO5mI.IO:
Wisconsin round whites. 75G soc: North
Dakota cobblers. S5m87Iac, Minnesota
Colorado Mccii..-es, sl05ml.30 Arrivals.
i26; on trscG, sos, shipments. 100.
The Indianapolis times., 1935-10-17
STRAUS GIFTS
OF SECURITIES
TOP S5,00O,0OO
Jesse and Percy Dispose of
$4,000 Shares of
Macy Stock.
BIZ United Press

By United Press
WASHINGTON, Oct. 17.-GiftS
valued at more than S5,0O000O were
made during August by Jesse Isidor
Straus, millionaire Ambassa-
dor to France, and his brother Percy
S. Straus, president of R. H. Macy
& Co.. the Securities and Exchange
Commission disclosed today.
Jesse Straus gave away $4,000
The Indianapolis times., 1935-10-17
Trends
New Business Book
Tells Interesting
Story.
by VINCENT LYONS
Times Financial Editor

TT will come as a shock to some
Il people but the occasion does
arise when a business earns a net
profit that is too large. Roy A
FOulke, in his new book, Behind
the Scenes Of Business" published
By Dun 6J Bradstreet, Inc declares
that abnormally high profits have
been the ruination OF sound busi-
ness policies.
In substantiation he offers the
case of one of the larger manu-
facturers Of radio receiving sets
which in the year ended May 81,
1929, showed net profits Of S5ll0,-
600 after all charges except divi-
dends and bonuses. That would
not seem large for a corporation
with a tangible net investment in
excess Of $100,000000, but here was
d concern with a tangible net worth
o, only $12,550,00O
That was certainly phenomenal
if anything in the business world
ever was, the author appendS.
Mr. FOulkc uses incidents like
this to develop the story he is
telling. Unlike some writer's on
economic subjects who make fire.
quent use Of platitudes, the author
fortihes the statements he makes
b. citing actual cases. Thus, one
can trace, step by step, the work
ing out Of the problem
The Indianapolis times., 1935-10-17

MR' FOULKE makes some in
AVE- tereSting observations on the
causes Of business failures. AL
though it is generally reported that
the largest percentage of such de-
faults is directly traceable to poor
management, closely followed by
lack of capital, he says that it is
quite likely that most of the fail
uroS attributed to other causes
would have been anticipated under
more capable, far-seeing, consci-
entiOuS management.
The very excuse Of lack of capi-
tai he argues, points to lack of
toreSlght-pOor management. Poor
or misguided management, the au-
thor contends, is brought to light
by great variety of factors. One
OF these factors is when liabilities
and inventory are both heavy.
material drop in the price of
products comprising the inventory
often ends in business embarrass-
meut.
The time is coming" Mr.. Foulke
writes in his concluding paragraph,
when the operating management
of every important business enter
prise will be forced by competition,
or by some degree of cooperative
action, 10 understand and apply to
practical everyday use the basic
directional finding instruments of
the business world. The operation
of the business unit will then be
guided conscientiously, as a ship is
guided by captain by day and
night, through storm and calm
togS and deck-tossing seas
The Indianapolis times., 1935-10-17
Fire Industries FuUOred

Wool, rdyon cigarets, electric poCer and shoes are
the only important industries in rhich production this
gear IS likely to better equal the poStcar high, the
Standard Statistics Co. declares
The Indianapolis times., 1935-10-17

ID EHIND the Scenes Of Business
- is not a cursory book. 1t delves
deeply into the ba.ance sheet and
the income account. the two bell
Wcthers Of q units health or sick
ness, and relates why certain items
are favorable and why others are
unfavorable.
Mr.. Foulke is we'll qualified to
take the pulse of business. At pres
cnt he is manager of the analytical
report department of Dun 65 Brad
street, Inc. He has spent his life
behind the scenes determining
those factors which make for the
successful or Improbable opera
ton OF business enterprise. His
book is based upon an intimate
contact With, ana an analysis of,
thousands Of American concerns.
The examination which Mr..
Foulke has made is fundamental.
The corner merchant can get as
much out Of the book as the exec
utiye Of a nationally known cor
poration. His recounting of ses-
sions with officials of some of the
nations largest units which failed
during the last few years is proof
that even the big fellow can un-
consciously pursue unsound poll
cicS.
The Indianapolis times., 1935-10-17
BY Abbott, Proctor g. Paine)
Money and Exchange
TREASURY STATEMENT

(By United Press
WASHINGTON Oct 17-Government ex-
penses and receipts for the current fiscal
year to Oct. IS as compared with a year
ago:
This year Last wear
Expenses 189.946747.3o s1.828. 396, ,679 90
Receipts 1120, 1872 3877 l.12l. 363, ,496 10
Deficit 1.069, 754,359 50 707. .033. 1872 90
Cash bal. 1893. .665,372.9 "a 2,048. $50. .617. II
The Indianapolis times., 1935-10-17
Chicago Grain Futures
LOCAL CASH MARKET

City grains elevators are paying 93c
for No. soft wheat. Other grades on
their merits. Cash corn No. yellow 79
cents and oats 81 cents.
The Indianapolis times., 1935-10-17
Unlisted Stocks

(By Blyth e. Coz
NEtN NnpE uaNE Sna,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Demands Teddy Tell All

CURELY those who have the best interests of the
- organization at heart hardly tolerate the
suggestion that Boy Scouts go to the woods not to
hunt wdfowers but to thumb over a secret list
Of suspects. They not supposed to blanch and
draw back in horror when they discover that the
breast of the robin is very red In their bright book
Of outdoor life the only menaces should be the
iaguar and the gnat. These hardy little woodsmen
are scouts. not Shoppers And let them not forget
that the first one ever to light cigaret with
better lucifer than two dry twigs some forgot
ten red man.
I do not want to appear wholly unselfsh in join
ing the demand for the list. the whole list and moth
ing but the list. 1 have my own reasons for shout
ing to the colonel, Name them!" The names upon
the index number 1904. I can not sleep at night
until know whether have made the magic circle
of those unfit to lead or influence boys Still with
little patience anybody make it. II know Col
Roosevelt the list will grow until in all America
there remains just exempt as the perfect
and eternal Boy Scout give to you young Teddy
Copyright. 1851
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Questions and Answers

Odd Max Schmeling ever fight Johnny RiSko?
A-They fought Feb. l. 1929. in New York
CITY and Schmeling won on a technical knockout
IN the ninth round.
Q-Is there any difference in quality or food value
between red and pink salmon?
A-They are different species but the food value
is practically the same except that red salmon con-
tains more oil
Q-what is the term Of Representative in Con-
gress? When DO the terms of the present Congress
men expire7
A-Representatives are elected for two years and
tn, arms of all present members will expire Jan. ?,
193.t
Q-From what college die VIII Rogers the movie
actor and humoriSt, graduate.
Ale was educated at the Willie Hassen School.
Neosho Mo- and attended the Kemper Military
Academy at Boonville for short time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
The Investors Lose PLENTY

TNASMUCH as the lotteries and games are said to
= return to the investors little as no per cent
whatever in most cases and no more than rs per
cent in any case, the annual aggregate would seem
to consist largely of fresh money and the marvel of
1t all is that people poor can manage to Scrape
up that much off the bottom of the barrel year after
miserable year.
The figures on the volume of betting at the pari-
mutuel racetrack where man may buy wager as
openly as he may buy drink in one of the corner
saloons which never were going to come back sug-
geSt that the American citizen has natural prefer
ence for the illegal way of doing In IL states last
year the customers bet only $17 100000 and lest it
be thought that this, too is just figure which your
correspondent made up. it will be explained that it is
taken from a table which had been compiled back
around the first of the year.
There is rather persistent agitation at this writ
Ing for the establishment of national lottery not
only to permit the poor to contribute toward their
own relief funds but also to stamp out the lawless-
ness OF the lottery and number games by legalizng
them.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
See Those RLLs

A ND further had assumed that the organza-
ton taught love of country in the best sense of
the word After all when little children have shrilled
endlessly In the SChOOlrOom Il love thy rocks and
rills, thy woods and tempted hills" it is excellent
idsa for them to get out and a rill in order 10
ascertain whether they really like it.
The movement has not been wholly restricted to
youth. At such times the town car has been NOV
ing 30 miles an hour up every Boy Scout in the
squad has looked by some curious optical Illusion
exactly like Col. Roosevelt.
To be sure. he is invariably known to his country
men young Teddy and will continue to be so even
after senesCence has set in But this is because of
ebuIience and not precisely on account of Adde'S
cence.
It is we'll to remember that actuarially Theodore
Roosevelt is man and not lad. 1t Will not DO for
the responsible officers of the Boy Scouts to the
charges merely by saying, "Oh, that was just young
Teddy talking"
They must face the fact that this attack comes
from within their ranks. Col Roosevelt is chair
of the personnel division of the Boy Scouts Ma
tiOnal Council That is pretty responsible post for
young Teddy. who has hitherto done nothing in civil
life but run Tor Governor and things of that sort.