davidaulloa/AmericanStories huggingface dataset:
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1935-02-21
Eighty-Two Attend Vale
Grange Saturday Night

Vale grange opened Saturday
evening with so present, nine Of
whom were visitors. Five applica-
tions for membership were balloted
on and one new one was received.
Insurance agent reported no new
business since last meeting. Bust
ness agent reported price of al
falfa seed to 81 1-2 cents laid down
at Richland. The ball committee
gave a good report on the last
dances. One candidate was obligat-
ed into the order. Mr.. Swayze re-
ported on the burial association
committee. A resolution on cattle
grazing on national forest reserve
lands was read and adopted. There
was a discussion on "Know Your
Washington contest and a commit
tee of three was appointed to work
on the contest. The committee on
card party gave good report for
the last party. and announced the
next card party for February 26.
Admission to be 25 cents for men
and 10 cents to:ladies, the ladies' to
bring sandwiches. There was a
discussion on drinking fountain
and cups. The hall committee was
instructed to install the necessary
equipment. Mr.. Ebey from Col
umbia Valley was present and in
vited grangers to attend Franklin
County Pomona the first Saturday
In May. Mr.. Swayze was one of
the speakers of the evening.
The lecturer reported the ladies
will put on the program in March
and the men in April. The degree
team put on the literary program.
After lunch visiting and dancing
took up the evening.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Ney York Stocks

BIZ Dnifcd Press
NEW YORK, June 18.-Prices con-
tinued 70 move in highly lrreg-
ular manner at a fairly active open
ing on the Stock Exchange today.
Then dealings lightened and the list
firmed from the lows. Bonds were
quiet and steady; cotton little
changed and the dollar easier.
Most of the leading stocks we're
higher at the outset. American
Can opened at 1884,, up Il; Ameri-
can Telephone 1913, up =; Chrysler
49,. up "a; Union Pacific lO42s, up
2. Southern Pacific 1875, up Il, and
Montgomery Ward 207s, up a.
u. S. Steel was unchanged at 1914,
while small losses were noted in
Anaconda, Westinghouse Electric,
Consolidated Oil, American Radla-
tor. international Telephone, Radio,
Standard Oil of New Jersey, Repub-
lie Steel and Standard Oil of In
diana.
After the opening rails were IN
fair demand. Southern Pacific
eouaIed its high at 1919, up p. Atch-
ison reached 463s, its previous close,
after a slight loss at the opening
Dupont advanced after a steady
opening.
CBv Thomson g. McKlnnonl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
BETTER CONDITIONS
VIEWED IN PROSPECT
Retail Trade Outlook Improved
With Passing of NRA.

RH Times Special
BOSTON. June 18.-The outlook
for retail trade has improved con-
siderably with the passing of the
NRA. the United Business Service
declares in its current report.
Because of their relatively high
ratio of labor expenses to total
costs" it is pointed out. merchants
were severely handicapped by the
wage and hour provisions of the
codes. The higher labor costs could
not be entirely passed along to the
consumer. Resistance to higher
prices set in. and profit margins SUI
fered. Both 1884 earnings reports
and those of the first quarter of
1885 testified to this fact
With the NRA out of the way,
and with small, likelihood of an early
return to sinner restrictions, mer-
chandisers can reduce operating
costs by extending the hours Of
work and through other means. The
freedom from price fixing, which
has served to curtail sales volumes,
will enable companies TO mark their
goods at prices which will afford
quicker turnover"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
UTILITY DRAMA
RAISES TENSION
Administration and Power
Officials Expected to Act
DeCiSiveIy Soon.
By Times Special

By Times Special
NEW YORK, June 18.-The in
vestment market, in one of its
phases, is approaching high-tension
drama. The impending develop
ments are arousing all of the inter-
est that usually attaches to a third
act, the outcome Of which is OBJ
scured by forces that have been
gathering Tor the climax.
While Washington is getting
ready for it's final scene pertaining
to President Roosevelt's utility hold
ing company bill, various public
utility companies are lined up for
a concentrated wave Of retunding.
Present indications are that the two
forces will show their hands at
about the same time.
The House is expected to reach a
vote on the holding company bill,
already passed by the Senate, about
June % Registration applications
already filed with the SEC indicate
that between June "a and July 2
at least six major refunding prof.
ects will be presented, aggregating
approximately $165,OOOOO0.
The situation creates interest be-
cause of the effect the utility bill,
in it's preliminary stages, has exer-
cised upon bonds in the utility group
on the New York Stock Exchange.
Passage of the bill by the Senate
caused a fairly sharp reaction.
There is still a feeling. however,
that the House may put up a con-
siderable fight to take some Of the
teeth out of the measure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
On Commission ROp
Reprinted from Yesterday

Quotations below are average Wholesale
rrices being offered 20 BUYERS hv local
Fr1irs- BsHanss. acc 70. Strawberries.
home CrCWu 1t-ut- case S275 so.
CccSeherries. 14-ot. case. So. Rasnncrries.
reo. 2i-ot- case. g So BiueberTies. GeoIela.
ef-ct crate. g 50. 1s-nt crate. s. 50.
Cherries California. 1s-ih. lgr Sass.
home Grown sour 40. case s. Is. Can
taioures. California tumt1 SIS. cate 81.
ass. s7-5 Honey Dcus. south America
s. 50 3. Watcrme OTIS. w rSnuS. 6cc. Dixie
Bellies s'c ArnVs. Wlnes1pS. s. so.
sunkis-. seo-s32s 81 3. 7sos s. IS. Grare-
fruit Florida sccd.css SIS. EOS SOS. So ..
Calftcrrf1. sffclesS SOS. zoos SIS. Pine
arp.cs as So LINES Mexican per car
a1.es-CabnaEe home Grown. nu-.
eSc Onions new Texas yellow. Sob nas
So rev IeNas ,yhi,s SOD eaE So
81 S.. selected CnhherS. 100 lbs. 81 81.
northern Round white loo-lb. bag. 81.
ohios. ico-lh ba-. 80. Idaho Russets s.
bsE g Sweet -rctatoes. Nancy Han
hampers 81 s.; Wax. 81. Ceisry. Washed
eoS 81 cahso5S.5. crate. So IS. FioTies.
crate So Cuc-mbers ho-rolse. co-. soc.
l-dcz roX zoe. Endivs California. do.
eurhsI So com sSrr-er-- s-dor crsfe.
81 Lettuce dollhouse fs-lh. basket. 4Sc.
California ,icsherE had lettuce. s. :.
MsnEsS.ss = . hsmprss; sSlsil - eas S..
Peas home Ercwr. t-shel SITS. Spinach.
hone rroWu husheL 6ec- Eacishes. coz.
son Sc Llru.ns neE a Co. sos See 5.
Ma. crate. s.. dor soc Rhuharo. outdoor.
cc-. SOC Mushrooms. ID sos $50 Ton a .
ICES ho ,s sT9siS z ie-.o carton SIS.
AL quotations subject 20 change I'd or
coEn-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
HOLDS WELL
DESPITE NRA RULING
Satisfactory Levels Are Maintained,
Weekly Survey Shows.
By Tim es Special

By INES Special
NEW YORK, June 1S.-Business
activity since abrogation of the
NRA codes has been maintained at
relatively satisfactory levels, after
allowance for the usual seasonal re-
cession, according to the weekly
summary Of general business con-
ditions of the Standard Statistics
Co.. released here today.
Retail trade has improved mod
erately during recent weeks, while
carloadings have held about steady.
Power output, steel activity and au-
tomobile production are following
the normal seasonal trend. Retail
sales of automobiles, however, con-
tinue to show marked improvement.
Commodity prices, following the
initial sharp setback, are showing
considerable improvement. Bust
ness generally has shown willing
ness to maintain as many Of the
constructive features of the codes
as possible. Despite reports to the
contrary, wage cutting and hour in
creases have been exceptional,
rather than general, it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
TRANSIT REVENUES DIP
Journal Indicator Placed at 1906
for Week Ended June 8.
BIZ Times Special

BIZ Times Special
NEW YORK, June 19-Transit
revenues for the week ended June
8, as reported by a representative
group of companies, were slightly
lower than at the same time last
year, according to the Transit jour
nal Indicator. The indicator for the
week stood at 99.05.
The general average in recent
weeks has been affected mostly by
local conditions in one large East
ern metropolitan district, where
abnormal conditions which pro-
duced high revenues in the preced-
ing year have not been repeated in
1885. it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
5-YEAR MOVE
BACK TO FARM
BURDENS IOWA
Added Population Creates
Land Shortage and Rise
in JobIeSS.
BIZ United Press

BIZ United Press
AMES, Ia, June ia back to
the farm movement" in Iowa. evil
dent since 1880, has created serious
social and economic problems. The
most evident are shortage of avail
able farms, oversupply of labor and
a higher number of unemployed on
relief rolls.
The Dakotas, Nebraska and other
drought ravaged states are provid-
ing the bulk of the new residents.
Dr. Day Wakeley and Edwin Losey.
rural sociologists at Iowa State Coll
lege, point out that an exodus from
the state between 1920 and 1880 re-
duced the population by about 220,-
900. The trend now is sharply in
the opposite direction.
Farm Land Scarce
These factors were cited as con-
elusive proof of the change
l. An estimated 5000 farmers could
not find land at the beginning Of
the present season.
2. The number of unemployed
farm hands ranges as low as 70 in
some cash grain counties.
3. Five counties report an aver
age increase of "A farm families. in
comparison to 18 families that moved
from the same areas during the
year
T. The birth rate among farm
families is far ahead of the death
rate.
5. Economic conditions are keep
ing young people on the farm who
ordinarily would leave to obtain en-
ployment or attend school.
Many Farmers Evicted
Farm foreclosures have forced an
additional burden on the state.
Many farmers evicted from their
lands, or others whose crops have
fed the chinch bug pest, have added
to the relief load, Wakeley and Lo-
Sey said.
During 1884 the movement of farm
families into the state was gen.
orally distributed. The sociologists
say the increased population and
the demand for farm lands have
combined to create pressure toward
reduction of acreage per farm.
An example of the serious problem
arising from population gains is
found at Sioux City. Agriculture
there contributed more than 400
persons to relief rolls.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

new deal in insolvency cases already
are being cit.
Exorbitant fees in bankruptcies
and receiy e. ships in Memphis had
been common practice for years and
actually were becoming something
of a recognized racket. But the
actions of Judge Martin on the
bench during the past few weeks
in slashing fees, ordering receiver
ships terminated, and encouraging
receiverships without fees, have con-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

y Y = = 4 1T IL
MEMPHIS, June 18.-Business
men the nation over have been
fretnng under a growing receiver
ship racket operating with the
virtual protection of the courts. But
West Tennessee's new Federal judge,
John D. Martin, has struck at lucra-
tive fees in bankruptcies and re-
in Memphis and an
his determination to wipe
cut the evil. The benefits Of his
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Might Delay Repayment

The railroad has commended that a
delayed maturity would hamper this
program of debt reduction in so far
as the bank loans are concerned,
since the loans could not be paid of
until the end of the l0-year period
that Mr.. Jones wants them ex-
tended to.
An RFC loan of Sl1,1OO.G00 to the
Central natures June 30 Wall
Street is waiting to see whether Mr.
Jones will attempt to force his point
of view by refusing to extend the
loan unless the bankers fulfill his
wishes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
RFC-CENTRAL
DULL ON LOAN
NEAR SOLUTION
Jesse Jones Informs Bank
erS u. S. Advances Will Be
Made on Demand Basis.

By iHcs Special
Jew YORK, June lathe duel
between New York bankers and the
Reconstruction Finance Corp. over
how loans TO the New York Central
railroad should be carried is fas.
approaching a showdown. Jesse
Jones. president of the r. F. c., has
informed the bankers that unless
they agree TO place their S63 100000
Of demand loans to the road on
time basis. the RFC will likewise
place its S27, 100000 in loans to the
road on a demand basis, it was re-
ported today.
Mr.. Jones has consistently adhered
10 the position that the bank loans
should be funded in the form of 10
year notes. Previously ne forced
the banks. of which there are IL,
headed by J. P. Morgan 81 Co., to
reduce interest on the loans from
AZ per cent annually to 4 per cent.
Refusal Technical
The bankers have refused to fund
the loans. they say, for technical
reasons. Under their present status
they have a preferred position since
some sll9OO0.OOO worth of collat-
eral is pledged behind their loans.
Mr. Jones has held that conversion
81 the loans into time loans would
be of material benefit to the rail-
road.
The New York Central Railroad
disagrees with him. however, it was
learned tdaoy, although officials OF
the company refused 10 comment.
Both the railroad and the bankers
have taken the position that the
loans are safe and that "the bank
ers will not suddenly ring the bell'
on the road. Mr.. Jones has con-
tened that this may be so. still
uncertainty hangs over the future
of the railroad as long as the bank
ers are in a position to call the
I loans.
Under the Centrals plan for the
reduction of its debt over a 16-year
/ period. proposals have been outlined
FOR extension of Sl5,6OO.000 of the
RFC loans which matured or ma
ture between May Is and Aug. l of
this year. The contemplated extern
sion would run from Oct /, 1888, TO
1871. and in the interval the road
would pay of its bank loans through
depreciation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
STOCK FIRM is FORMED
DOnohO. Moore & Co. to Establish
Offices i'm New York.
BvTimcs Special

~ fulfS special
NEW YORK, June 16.-The or
ganization of Donoho, Moore 81
Co. a new stock and investment
firm. headed by Thomas A. Moore,
who is well known in the mid
western financial district, was an
nounced here today.
Mr.. Moore, formerly second vice
president Of the New York Guar
anty Trust Co. and affiliated with
J. G. White & Co.. has had many
years Of experience in the financial
district. Offices Of the new firm
will be located in New York City.
Rochester. n. Y, and Providence,
r. I.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Wall St.
Government Should
Take Initiative in
Rail Revamping.
RALPH MISUNDERSTOOD
Inns speciaI Writer

NEW YORK. June ls--It IS be-
~ coming Increasingly OBVIOUS
that the railroad situation should
be cleared up without further de-
lay. Several Of the carriers are
getting deeper into the financial
nut every dav. and only complete
reorga nizatOns can help them get
out OF il. And inasmuch as the
government IS already involved to
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
SCHUSSLER APPOINTED
Will Superintend All Midwest Ac-
ti7ities for Metropolitan Life.
By Times Special

ID Ifnes Npfcl0I
NEW YORK, June 18.-Austin T.
Schussler, former manager of the
Chesapeake district of the Metro
politan Life Insurance Co., has been
appointed superintendent of agen-
cies for the company in charge of
the Midwest territory, according to
an announcement by Frederick H.
Ecker, president.
Mr.. SchusSler entered the COM
pany's service as an agent in the
Washington ID. CO. district in 1911.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

the extent Of
several millions
Of dollars 10
should take the
Initiative IN
bringing about a
Teadiusrment
The Job is not
an ca ~ one 70
handle inasmuch
as sOmauy people
and sOmany fac
tors cnte- into
the situation.
Kew manage
menfs are need
cd in some in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
SEES BUSINESS GAIN
L. r. Weir Believes Steel Trade
VIII Improve by Next Fall.

BIZ lfrfs Special
NEW YORK. June 1S-BuSinesS
during the next few months will
be slow as usual during the sum-
mer. but by next fall there will be
a distinct improvement underway.
according to a statement released
today by T. T. Weir. chairman Of
the National Steel Corp.
Mr.. Weir further stated in his
optimistic report that he believed
the real development Of the steel
industry has Just begun.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
CALLS 5 PER CENT STOCK
BIZ Times Special

NEW YORK, June 18.-The Tide
Water Oil Co. has adopted reso-
luton calling for the redemption Of
all outstanding per cent cumulat-
i've convertible preferred stock with
par value of 500 a share, E. L.
Shea, president, announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
NEW INDUSTRY
HELD NEED TO
ABSORB LABOR
Rapid Advances in TeChnoI-
ogy Chief Cause of Pres
ent Unemployment.

Battling economic problems today con-
front the government and business in at
tempting to find way back to prosperity.
The series of six articles. of which this is
the second. attempts to throw some light
upon a few of the more interesting of
these.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Produce Markets

Delivered IN Indianapolis uricss. HEAVY
breed hens. tsc. LeEhcrn breed hens. isc
heaVv bred COCKS e. LsEhorn breed
Zee. reEhorn hrcilers. : lbs. and W Isc.
Tarehack brcilers. .sc- ducks. fun fsath-
e-rd and faf &c. EeeSe fun fearhered
srd fsf Sc No ! strictly fresh eEEs loss
~ iec Zach fun ease must weight S. los.
rrcss a ceduC .t1n % Ice a pound under
zee. b1tterfat. &c. ouc.ec b. The Wadley
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Japanese Buy Planes

American airplane manufacturers are proftlng from
the ntrepedy Of auiotors who hare focn across the
Pacific Ocean. japanese, buying American planes
as a result Of the interest created by the flights.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

NNE OF the important reasons
~ why IL would be advisable to
get the railroad tangle Strengthened
out is that the carriers would then
he in a position to be rehaSilitated.
Their financial needs probably
could not be met through private
loans. but the government could
well afford to take them under its
wing. Expenditures for lOcOmO-
tives and other rolling stock would
be much more desirable than for
digging isoles which are immedi-
atelv filled up again.
I'M addition 10 the fact that OK
penditures made for the account
Of the railroads would stand an
excellent chance IF being repaid
II the carriers were first reOrgan-
led. the Improvements would be
justified on the basis Of their gen.
eral economic effect. Passengers
and freight would be moved faster
and with more safety. and other
industries would benefit greatly by
the orders placed.
Railroad securities during the
last few DAYS have been attracting
interest in the markets. and re-
ports have been going the rounds
that the government is getting
ready TO do something cOnStruc-
tive about them II is 10 be hoped
that these reports are correct.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
(Yearlings Excdluded)

SHEEP AND LAMBS
Receipts. TOO
(Shorn Basis)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

MOREOVER. the bankers have
WI deserted the railroads. and
probably are not especially inter-
ested I'M who runs them. Those
who had been on the jobs all along
are remaining due 10 the fact that
no practical machinery exists for
Ousting them. They seem 10 be
doing their best. but their best has
not bcen satisfactory IN a great
many instances.
And now that several roads are
in default on their interest pay
ments 10 becomes rather obvious
that the bondholders rather than
the stockholders should name the
directors. They are represented by
bOndhOldeTs' protective committees
in most cases. but these committees
are sclf-appointed for the most
part. and consequently self-inter-
Csted
There seems to be no way that
these bondhOlders can get together.
In so far as the bonds are held
by banks or other large inStitu-
tions there is hope for cO-Opera-
tive effort. but these institutions
are insistent upon having their
own way about how the TeOrganl-
cations should be effected
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18

stances. and IL might be difficult
not only 20 dispose Of those now IN
the saddle but to find better man
agements TO replace them.
Stockholders supposedly elect d.
rcctors. who. in turn. select man
agements. But. from a practical
standpoint. the Wall Street bankers
have been in the habit Of naming
both the directors and the manage
ments. The stockholders have
voted. 70 be sure. but only for those
who have been selected by others
IN advance Of the meetings.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
N. Y. Bonds
U. S. GOVERNMENT BONDS

Copyright, 1913 by Standard Statistics
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Local Livestock

Reprinted From Yesterday
HOGS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-18
Chicago Grain Futures

Reprinted from Yesterday
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-02-12
Mysterious Buyers $500 Takes
Henderson Art AUCTION Prize

this water color, since she saw her
husband paint it.
Works of Max Weyl, contemporary
Washington painter with Lucien
Powell, went on sale during the morn
ing hours and brought rather good
figures. One of his finest paintings,
however, a scene in Rock Creek Park,
brought only $40. 1t was sold to Mrs.
Henry Brawner
The highest price paid for a paint
ing today outside of the Ridgway
knight work was $400-for a painting
by Dolph, picture of a cat. 1t was
purchased by Mrs. M. G. Peter.
IL. M. H." Buys Another.
''L. M. H" bought another picture
that art collectors were anxious to Sc
cure. 1t is an oil, 141a by 231a inches,
called Man on Burro," by Gilbert
Gaul, a noted painter, whose works
hang in the National Academy, the
Metropolitan and other art museums.
1t sold for $3.50 and is said to be
worth $4,000.
Appraised by the court appraisers
artists alas worth $4,000, a huge
oil painting by Benjamin Constant
was sold for $475. This picture, de-
plotting scene in a sultan's harem,
was one of Mrs. Henderson's pets. 1t
is 81 by Sc inches and the frame
alone is said by Adam Weschler. the
auctioneer, to have cost more than
the purchase price. The frame is
wood with gold leaf, the gold leaf
valued at $25o.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-02-12
FOOD SHOWS BABY
COMPETITION TODAY
Contest for Entrants Between z
and 8 Years Old to Be Held
This Afternoon.

The baby contest preliminary for
entrants from to 3 years old was
to be a feature of this afternoons
session of the United Food Stores
Exposition in Washington Audi
tor.um. The winner was to receive
q prize and eligibility for the finals
Saturday afternoon
Tonight the Spring fashions review
will be shown again and there will
be numbers of prizes. including
vacuum cleaner, for holders Of lucky
tickets.
Ernest Stoneman, a mountalneer,
who came $50 miles in an ancient
automobile to enter the fiddlers' con-
test, proved the feature of last nights
show. Stoneman didn't have fiddle,
but he put on a one-man-band act
with a guitar and harmonica, helped
along by bit of vocalizing.
Show officials ruled him ineligible
for the fiddlers' prize, but gave hir:
q special award and a quantity of
groceries for his 10 children back in
Galax, Va. He won most of the ap-
plsuse from the large crowd.
The fiddlers' prize was awarded to
w. H. Heath of Clarendon. Va, who
played a violin which bore the date
1923 burned into its wood. Entrants
who ran Heath a close race for hon.
ors included Bob Hayes and v. G.
Reed of Vienna. Va, and w. r. Hen
son Of Falls Church.