davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15

A summary of corporation news
prepared by the Standard Statistics
Co., Inc, New York, follows:
Automatic Voting Machine Corp.
common share earnings for the year
ended Nov. 80 were $1.10, against 19
cents.
Commercial Solvents Corp. an
nounced that in association with
Corn Products Refining Co. it has
completed negotiations for acquis-
ition of entire business and assets OF
MolaSses Producing Co. and Dunbar
MolasseS Corp. Consideration will
take the form of a cash payment
from funds already on hand and a
deferred payment out of profits
from the business.
Consolidated Gas Co. of New York
Mayor of New York City asked
company to put into effect lmme-
diately a 20 per cent cut in light
rate charges to general consumers
pending adoption Of Washington
plan of rate structure.
Distillers Co., Ltd.-An interim
dividend for year ending May Is,
1885. is Is cd, less tax and expenses
of depositary receipts for ordinary
registered stocks of this company
on Feb. 8. A similar distribution Will
be made on foreign shares on Feb.
l, 1885.
Endicott- johnson Corp. - Com
mon share earnings for the year
ended Nov. 80 we're $4.34, against
$430.
General American Transportation
Corp. announced plans for expan-
sion of terminal facilities of Gen
eral American Tank Storage and
Terminal Co., subsidiary, through
building of a new terminal at Hous-
ton, Tex, and doubling capacity OF
existing terminals at New YORK ana
Corpus Christi, Tex. With these adj
ditions, General American will have
storage facilities of 100000 barrels
of bulk liquids, the largest public
liquid storage company in the world.
Goodrich (B. F. Co. announced
development of a new synthetic
plastic material, named Koroseal,
which is said to be superior to nat
ural rubber for the manufacture OF
a variety of products.
Hudson Motor Car Co. December
shipments were the largest for any
like month since 1880. Factory ship
ments of the new 1885 cars in De-
cember aggregated 5000 cars, COM
pared with small shipments in De-
cember, 1888, when production was
low. During January factory ship
ments will approximate ten thou
sand cars, all of which are covered
by orders actually in hand.
Interboro Rapid Transit Co. re-
ceiver for company increased wages
of 1900 incorporating employees 5 per
cent.
Jewel Tea Co. sales for the four
weeks ended Dec. %, were up 13.1
per cent, 50 weeks up 1876 per cent.
Average number of sales routes in
four weeks ended Dec. 90 totaled
I54o, against 1865 in like 1888 period.
Missouri Pacific Railroad-It was
said considerable progress has been
made on plan for reorganization of
comuany and that it is felt that the
entire program will be ready for ap-
prevail at meeting of directors
scheduled for Jan. %.
New York Central Railroad def
cit for the IL months ended Nov.
80, was s6,634,O00, against deficit
Of S5,033, 905.
Norfolk & Western Railway-It
was said there is expectation in
some quarters that directors of this
company at their forthcoming
meeting will repeat last years per-
Torrance by declaring an extra
dividend of 50 on common stock.
Pacific Power and Light Code
clared dividends of SITS a share on
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
HAGUE COURT
RULES AGAINST
COLD CLAUSE
Hands Down UnfavorabIe
Opinion in Royal
Dutch Case.
BIZ United Press

BIZ United Press
THE HAGUE, Jan. Is. - The
Hague Court of Justice has ruled
against validity of the gold clause
in bonds of the Royal Dutch Oil Co.
f1oated in New York and Amster-
dam.
The decision, handed down yes
terday, was to the effect that be-
cause of the Roosevelt suspension
of gold payments, interest OH the
bonds need not be paid in gold dol
lars, as stipulated.
The case, brought by the Stock
brokers' Union of Amsterdam, will
be appealed to the High Court Of
The Hague.
The case is a direct outgrowth of
the American legislation of May,
1888, abandoning the gold standard
and abrogating the gold clause in
bonds. Similar cases are now be-
fore the United States Supreme
Court.
FlOated in New York
Bonds in question, of the Royal
Dutch and the Batavian Petroleum
Co., were f1oated in New York and
Amsterdam in March, 1880.
They carry clause to pay princi-
pal and interest in United States
gold CON-" but the company decid-
ed last October that the Roosevelt
legislation, abolishing this clause
in all loans, foreign or domestic
was mandatory upon the company
so far as this loan was concerned.
The bonds are $6,600,000 at pei
cent and $25,0OO,0O0 at AZ. Brok-
ers, realizing that gold was unob-
tainable, asked an equivalent In
present currency.
On the basis of the SO per cen
increase in the price of gold, thei
request was for $1.69 for each dol
lar in principal and interest due.
Interest thus far since abrogatio1
of the gold clause has been paid il
paper dollars in New York, or il
case of Dutch holders, in florin
equal to the deprecated dollar.
PrOvOkes Dissatisfaction
AS Dutch investors had taken {
substantial part of the original is
sue and had subsequently repatri
ated further large portion, thu
companys decision provoked wide
spread dissatisfaction in the Meth
erlands. However, its first effec
was bullish on the company's shares
since such payment lightened thu
debt burden.
The Amsterdam Stock Exchange
which brought the case up, wo1
when it was submitted to a lower
court. The latter ruled that tn,
company was bound to pay interes
to Dutch holders in gold, since i
has sold part of the original iSsu,
to them and had made the interes
payable in Amsterdam as we'll as il
New York.
This, in the opinion of the lowe
court, constituted a definite agree
ment with Dutch investors which
could not be affected by the Amer.
lean legislation. The COMPANY
promptly appealed to the Court o.
Justice.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15

Quotations below are average wholesale
rrices being offered to buyers by local
commission dealers
Fruits-Cranberries. Cape Cod, late
Hoves. 25-lb: box, 81 % oS Grspesso G psI-
simmons. California. 24S sl35. Bananas.
45.r 10. Apples Indiana Jonathsns.
81 IS. Grimes Golden. Sl.50Il.65. Lemons.
Sunkist S6Os, IS. Grapefruit Texas, seed
less. ssTS2 IS. Lines Mexican per carton
California rhubarb. 81 a 5-lb. box, Pears.
OREGON D'anio. box. 50 so PineappleS. SUS.
So IS AvocadOs. Florida. box, s.. straw
berries Florida. quart. SSc. ApricotS. IS
a crate.
Vegetables - Cabbage. Northern DAN
View TEXAS Cabbage. 50-lb. bag. sl65.
Onions. Idaho. sweet. Spanish. large. 50-io.
BAG 81 IS. Michigan yellow. med. lO-lb bag
&c: western white. 50-lb. bag. Sl.s5; Mich
isins ioo-i6. baS. $50: northern round
white l0O-lb. bag. Sl.10: Ohios l0e-lb bag.
50: Idaho Russets l00-lb. bag. 50 Is. New
Texas potatoes. $3.50 lis Sweet pota-
neSsee Nancy Halls. hushel Sl35. Beans.
strinGiess. hampers s6. Celery, Michigan
medium. dozen. !5e; jumbo. dozen. sOc;
hearts, bunch, $3.50 CucumoerS, dozen
s275. southern bushel, 81, Endlve. dozen.
GINA. buShel. CSC. Lettuce. dollhouse. l5-lo
basket. $3.50 Arizona Iceberg head let
tuce. 81. MongoeS Florida. crate. S4Soq
s Mint bunch. lSc. Parsley. dozen. Soe
brosdlesf. bushei sliO Radishes. dozen
T5c Tomatoes, I0-lb. carton. Sl.25; Flori-
ia original SAYS. Turnips bushel 75e.
Parsnips. half bushel, l5cs Beets, ouShel
sl-2s. Carrots bushel sl-2S' lOO-io. sack
All quotations subject to change. up or
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
PORKERS DROP
SHARPLY HERE
All Kinds Generally 20 to rs
Cents Lower Than Pre-
viouS Close.

By United Press
Chicago, Jan. 15.-Prices of choice
medium weight steers pushed to the
highest level since December, 1881,
at the Chicago stock yards today.
There was meager supply and de-
spite the fact most business in the
cattle alleys was conducted at lower
prices, steers sold for $12.15 a hun
dredweight.
Extreme weakness continued in
hog trading at the local stockyards
today and the market was around
20 to Is cents lower than yesterdays
average. The major decline was
shown mostly in light slaughter
grades.
With the majority of trading in
terest again centering in the cattle
market, the demand for hogs was
extremely weak on practically all
classes. Today's receipts were esti-
mated at approximately 5000, an in
crease of 1000 from yesterday.
Despite the sharp decrease in
prices during the last week, best
grades today we're only Is cents
under the So mark, selling at $7.05
The general bulk of 100 to $50
pounds, brought $3.50 to $7.8O, while
lights weighing 1870 to 100 pounds,
sold at Sc to ST.
Smallest classes available, scaling
from 100 to 100 pounds, cashed in
at $4.75 to $5.75, while good and
choice packing SowS were salable at
$6.25 to ST. Holdovers numbered 80.
Initial trading, however, remained
unchanged in the cattle market with
a heavy demand prevailing on all
grades. Steers we're steady to easy
with several loads selling from
1925 to $1025. Better grades were
valued to sell above $l2, a new high
for several months.
Sales of heifers showed only a
slight change and cows were strong
to slightly higher than yesterdays
best prices. Receipts were 1000. With
only slight interest displayed in the
veal market, practically all grades
continued stationary, selling at SO
down. Receipts were TOO.
Lamb values we're steady to
slightly higher, with the general
bulk salable mostly at $3.50 down
Early activity was around normal.
Extreme heavy kinds we're selling at
SO down, while throwouts ranged
from $3.50 to So. Slaughter sheep
were higher at IS down. Receipts
we're $500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15

Hole Office Here
Will Accept
Repayments.
by VINCENT s. LYONS
Tlmes financial Editor

EFFECTIVE yesterday, a new de-
Il partment was inaugurated in
the indianapolis district Office Of
the Home Owr ers Loan Corp. The
chief provision Of this new branch,
according to z. Kirk Mckinney,
state Hole manager, is to make
1t possible for borrowers to make
their regular installment payments
in person instead Of sending such
funds through the mail to the re-
gional Office of the Federal agency
at Detroit. Mich
THE indianapolis payment Office
will be the only authorized Home
owners Loan Corp. agency dele
gated to make collections on loans, "
Mr.. Mckinney said. 4 hope that
The persons living in the Indianap-
oils area will take advantage Of
this new convenience. If the c ..er-
alton of this new office is a succ SIS
efforts will be made to establish
similar Offices in the other districts
OF Indiana"
Undoubtedly the creation Of this
new department is ala attempt TO
close a gap in the present method
of payment which allows brokers
to grab themselves a profit without
the expenditure Of any money. The
accuracy Of this contention IS DEM
onstrated by the fact that Mr..
Mckinney has asked that mort
gagees who have been accustomed
10 sending their payments to the
regic 7al Office continue to follow
this practice.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
VARIETY SALES HIGHER
Daily Average 1884 Volume Rises
9.5 Per Cent.
BIZ Times Special

WASHINGTON, Jan. 15--Daily
average sales of variety stores for
1884 were 9.5 per cent higher in dol
lar volume than for 1888 and lis
per cent higher than for 1882, the
Bureau Of Foreign and Domestic
Commerce declared today in pre-
liminary estimate.
December sales were 6 per cent
ahead of the corresponding 1888
month. The expansion from No
vember to December was rs per cent,
which was about equal to the in
crease last year and much larger
than that in December, 1882.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
ARGENTINE EXPORTS UP

Argentine exports during 1884 in
creased S1O4. $4,000. as compared
with the previous year. according
to figures announced by the Ma
tional Bureau of Statistics. The
Bureau placed the value of 1884 ex-
ports at s474.540.OOO against $685.
100000 in 1888, and S424.710,000 in
1882.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
WEAKNESS ABROAD
PUTS WHEAT DOWN
Minor Losses Shown With
Volume Limited.
BIZ United Press

DW CHtttH russ
CHICAGO, Jan. 15.-EaSiness at
Liverpool encouraged further selling
in wheat futures on the Board of
Trade today and prices were off
minor fractions from the previous
close.
At the start wheat was off q to
q cent, corn was unchanged to off
4 cent, oats we're unchanged to off
q cent and rye was z cent lower.
Trade in the aggregate was not
large here at the beginning of the
session operators still nervous over
the gold case, despite the fact the
market was oversold.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
$425,000 OF BUSINESS
DONE BY PENN MUTUAL
Local Representatives to Hear Presi-
dent by HO0kup.

The indianapolis agency of the
Penn Mutual Life Insurance Co.
submitted $425,O0O of new business
during December in honor of the
18th anniversary of William A. Law
as president, Ray Patterson, general
agent here, declared today.
President Law will address the
major agencies throughout the COM
pany by long-distance telephone
hookup. The dinner will be held
Wednesday evening at the Indian
apoliS Athletic Club.
The following men will attend the
dinner: Fred Marschke, Frank
Grove, Donald T. c. Hart, Harry w.
Mason, Harry Cast, ]. Perry Meek,
Harry Orlopp, c. A. BornhauSer,
Donald D. Ball, George Morris.
Robert I. Brakeman, George Newton
and N. R. Garland.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
STOCK VALUES DECLINE
BIZ Tfmcs Special

NEW YORK. Jan. 15.-The mar
ket value of so representative stocks
listed on the New York Stock Ex-
change on Jan. II was 1872, $685.
625, a decrease of S494 ,122,125 COM
pared with the preceding week, &C
cording to Paul H. Davis & Co.,
members of the New York Stock
Exchange.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
BELL GAINS STATIONS
Increase of $4,000 Phones Reported
During 1884.
IN I'm es SpecidL

NEW YORK, Jan. 15.-A net gam
of about $4,000 telephones was
shown by the Bell System during
1884, compared with a net loss CT
100000 in the preceding year, Walter
S. Clifford president of the Ameri-
can Telephone and Telegraph Co.,
announced today.
Preliminary data indicate that.
treating the system as a whole and
including the Western Electric Co..
earnings on the company's stock last
year were approximately S585
share, compared with 1888 in 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
AZ Times Specian
PLAN DEALERS MEETINGS

DETROIT, Jan. 15.-Prior to
launching its extensive 1885 mer-
chandising campaign on sales Of air
conditioning equipment, Kelvinator
Corp. will hold series of
dealers meetings all over the coun-
try, it was announced today by j. A.
Harlan, manager of the commercial
division of the company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
FCA BENEFITS
TO FARMERS IN
INDIANA CITED
Agricultural Conference at
Purdue Hears Gov.
Myers.
By Times SpeciaI

LAFAYETTE, Ind, Jan. 15.-"Al-
though farmers should patronize
their cooperative credit institutions
to make certain that channels Of
credit will always be open to them,
the longtime test of cooperative
credit lies in its ability to serve the
needs of farmers better than other
credit institutions"
In these words the development
of cooperative credit under the
Farm Credit Administration was
outlined today by Gov. w. I. Meyrs
in an address before the Agricul-
tural Conference at Purdue Univer-
sity.
cooperative credit" the Gov
ernor said, is directly adapted to
the needs of farmers and their as
sociationS and believe it is here to
stay. Cooperative credit institu-
tions have been the pacemakers in
bringing more reasonable interest
rates and better credit practices to
farmers, and other credit inStitu-
tons will strive to meet the ia
vorable terms now offered by farm
ers' cooperative lending organiza-
TONS
Doubt Is Dispelled
eff there has been any doubt pre-
viously about the Importance of CO.
operative credit in the United States
it was diSpelled in 1884 when far
larger amount of credit was ex-
tended to farmers on a cooperative
basis than in any other year it he
history of the country" Gov. Myers
continued.
The cooperative Federal land
banks loaned over $730000,00O in
1884 compared to $151 100000 in 1888
and SGT 100000 in 1882 before the
Farm Credit Administration was or
ganized, the Governor stated. Dur
ing 1884 the land banks also made
loans for the Land Bank Commits
sioner aggregating $3.50, 100000.
During 1884 Indiana farmers OBJ
tanned loans from the Federal Land
Bank and Land Bank Commissioner
amounting to more than $4,000 900,
compared to only $4,500,000 loaned
by the land bank in Indiana in 1888
and $4,000 in 1882.
Record Loans to Indiana
The amount of land bank and
commissioner loans in Indiana last
year was larger than ever before ex-
tended in the state by any institu-
ton or class of institutions in any
previous year, according to Gov.
Myers.
The lending of this money, he
said, has meant extending the bene-
fits of cooperative financing to
thousands of farmers without ma
terially increasing their overhead
Indebtedness, since about go per cent
of the money was used to pay off old
debts which in most cases carried
heavier charges than the new loans.
"TheSe cooperative credit insti-
tutionS are not organized to lend
Government money, but to enable
farmers-by co-operation-to enter
investment markets of the nation
and compete on equal terms in OBJ
tanning adequate funds to finance
their operations" Gov Myers said.
They do so by means of a lend
ing system adapted to their needs
and over which they are acquiring
preponderant control"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
Hides and Skins

Hides-Green country cows and steers.
&c fiat; green country bulls and CLUES.
2izc fit: green country calf hides, 4l2c;
horse hides with full heads shanks. names
and tails s2.75. medium size s225: AL No;
grade horse hides, soc less; Clues ano
ponies half price No. rendered tallow.
4G4izc: No. at value. YenGv grease
3isG3&c; dark grease. 3d3t4c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
All quotations subject to change. up OF
FRUITS AND VEGETABLES
r. rr~s+eS prexSA

CHICAGO. Jan. 5-Apples-Michigs
NsSTrfOsh bushels 81 50II75. Jonsthsns
81 50Tf7s Cranberrith - Massachusetts
IA barrels. s5G525. Caulihower-Cah-
conSin lO0-ib sacks. S06 9oc. Sweet po-
tstoes-Tennessee bushels. slG / 10. Indi-
ana Jerseys. Sl25GIS0. Spinsoh-Texas
buSheis TScHSIIO CsrrotS-Californfs
crates. SsGS1S Illinois bushels, 40G SOC.
Ceiery-Michigan square crates. l5csI 81 IS.
Turnips-Illinois bushels. 25I25c LETTUCE
Western crates. aud 5 dozen. s3G 50
head Celery-cs bbage-Michigsn fiat
boxes. asa SOC PsrSnips-UliEoiS bushels.
s0I soc. Beank-MeNican crates. Is lbs.
SzdS Onion market t50-lb sacks
Michigan yellows. asa a0c: western yellows.
Sis. Michigan whites. Sal rs. Illinois,
yeiiows. S0G75c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
Money and Exchange
TREASURY STATEMENT
~ rr,-s4zl No..

WASHINGTON. Jan l5.-Government
expenses and receipts for the current fiscal
year to Jan. u. compared with the cor
responding period of the previous fiscal
wear.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
Other livestock
CRv United Pressl

CHICAGO. Jan. 15.-Hogs ceipts a.
600, including 5000 dircct-: 10 to 20
22O lbs. s780N79O; top l60-22O
lbs; $3.50 7ao;. I light s7eta;25;
and fO Choice SiS sn sao s H vd 9 fso
200 lbs, good and choice, s715@775:
medium weights 2oO-25o lbs. good and
i faoi'e good and choice ae' packing
rs: sa 1 sa p!gs 1910 is.
eeipts 10 900 Commercial, 500 government;
calves $500 commercial. 200 government;
up to Sl2,lS, new. high, paid for strictly
s11d12 such kinds about steady, but
market Is cents or more lower on offer
ings recently selling at $1,000 downward;
most early bids on lower grade steers and
yearlings; all other killing classes weak TO
Is cents down; general trade slowed up
ceipts; vealers firm at SO down; few $3.50.
Slaughter cattle and vealers: Steers 500
900 lbs, good and choice. s3M II 50; 300
100 lbs, good and choice S6.50dl2 100
1900 lbs, good and choice. S8.750 12l5;
1300-1500 lbs good and choice s9d II IS:
550-l30o lbs common and medium. 81 25M
STA 50; common IN and nd med medium. ss75G
725: cows good, s4.75N $50: common and
medium, s2sO@s; low cutter and cutter,
GOOD do Beef 5efi s425S 525 cutter common and
medium s3.50G4.50; vealers good and
choice. s65Oa95O; medium, s5.5od650;
feeder cattle: steers 550-l050 lbs. good and
choice. s55066.75: common and medium,
s4.25@5.5o. Sheep-Receipts. Il 900; in
dicstions around steady on all classes;
choice slaughter lambs held s975 upward.
no early bids; medium to choice slaughter
ewes S4G4.75; slaughter sheep and lambs:
lambs 80 lbs. down good and choice. $685.
1885; common and medium. $3.50 385.
ewes, 9o-l5o lbs, good and choice, 50 ESQ
ABS; all weights common and medium. 50
63.75; feeding lambs, 50-75 lbs, good and
choice. s6.75d7.60.
TT. WAYNE. Jan. 15.-Hogs- Market csc
lover 25S-2oe lbs SEP i 22s2So rs lbs
15o-160 lbs. s6.75; l40-150 lbs. s625: l30-
40 lbs. s575 120-l30 lbs $3.50 l00-12o
lbs, So. roughs, ss25; stays, s4-25; calves,
SO; lambs SO.
fBy Times speciaD
LOUISVILLE Jan. 5.-Cattle-Receipts.
mand still fairly broad; market generally
steady; bulk common to medium steers
1ps 6 hf steers s ndg oa6 51g1s
to So so or better; most beef COWS S3.25n
$50: good kinds and smooth heifer types
eligible higher: most low cutters and@cut-
and feeders s425@5.5O; more. desirable
HNeford stock. calves quotable around
choice vealers. s7d5 medium and lower
grades $3.50 down; Hogs. S.; market 15c
lower; top and bulk desirable 10000 lbs.
iso-Is5 I Ibs SIS; iso~i75 lbs sss5: 10
I55 lbs. $685. 120-135 lbs. $40; Sows. S..
Sheep-Receipts, 100; steady: medium TO
sSGS ba9 good @0i fey lambs e6s hgh ae
o ouskS $3.50 d5S:o Better fat f e~e5. saSs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-15
Stock Studies

The Container Corp of America
is the largest manufacturer in this
country of all kinds of paper and
strawboard for boxes and cartons.
Il produces in bulk form for its
own use and also for sale boxboards
and fiber boards.
Plants are we'll located throughout
the country. Among its customers
the company has some of the larg-
est producers of package goods, in
Guiding Gold Dust, National Biscuit,
Quaker Oats, Proctor & Gamble,
American Sugar Refining and Bor-
den.