davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
NOTE INCREASED
USE OF POWER
Local Firms Report Sales
of Appliances and
Energy Gaining.

A distinct increase in the sale of
electric household appliances and in
the consumption of electrical en-
ergy in the indianapolis area during
April as compared with the same
month last year was reported today
by several local sources.
Residential consumption of cleo
tricity, supplied to 1854 domestic
consumers by the Indianapolis
Power and Light Co., was approx
mately 915 per cent greater in April
than during the corresponding
month of 1885, said j. c. Stipher,
traffic manager.
The best four-month period since
1881 was enjoyed by the Hatfield
Electric Supply Co., Thomas j. Far
rell, president, said. The dollar VOL
ume Of business thus far is run
ming As to so per cent ahead of
last year, Mr.. Farrell said. He added
that May business indicated the
percentage would be improved.
Permits Show Trend
Total consumption of power in
the city grew from 25,677,801 kilo-
watt hours in April 1885 to 1885,
842 last month, according to the
Chamber of Commerce index.
A study of building permits, pub
lished daily in The Times, showed
that much of the new construction
money has gone for installations of
electric refrigerators and ranges, oil
burning furnaces with stokers auto
matically operated with electric
motors, and electric water heaters.
A number of business houses re-
Gently have installed electrically
powered ventilating systems and
fans, and a few have purchased air.
conditioning apparatus. .
Home owners also have been re-
placing old lighting fixtures with
modern installations that are more
efficient and good for the eyes"
according to Mr.. Farrell
The Parker Corp, of Boston, re-
porting on national survey, stated
that electric refrigerator sales for
January and February are So per
cent greater than for the same
last year. The report at
tributed the increase to wider avail
ability and lowering rates for cleo
tricity, favorable financing terms,
and constructive advertising which
has taught people the health ad-
vantages of proper food refrigera-
ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
SWINE VALUES
DROP SHARPLY
AT CITY YARDS
Prices Off 10 to 20 Cents;
Cattle, Lambs Scarce;
Veals Strong.

Following yesterdays sharp re-
covery, the swine market turned un-
evenly lower in dull trading today
at the Indianapolis Union Stock
yards Choice and medium weights
were largely 10 to Is cents lower,
while heavier classes were off as
much as 20 cents a hundred pounds.
Few classes, however, including
light lights and slaughter pigs,
maintained steady trading range.
Heavy receipts and slight decrease
in demand was largely responsible
for the downward movement. The
total supply was estimated at 5000,
compared with $500 on hand yes
terday. Holdovers numbered 129.
Top Holds at S1O.1O
The bulk of choice weights, seal
ing from 100 to 225 pounds, cashed
in at $40 TO SOTO. The latter price
also acted as top. Medium heavy
weights, from 225 to 26O pounds,
sold at $3.50 to 1895. Heavy butch
er kinds, from 800 to $50 pounds.
brought $9.40 to $3.50. In the light
weight division, hogs from 100 to 100
pounds sold at 1925 to 1915. Pack
ing sows held at 1925 to $685..
Initial trading was scarce in the
cattle market with hardly enough
steers on hand to establish trad
ing range. Most all classes re-
manned unchanged. Bulk of heifers
sold at SITS to 1925, while beef
COWS brought $525 to $6.25. Re-
ceipts numbered 500.
Veal Prices Uneven
Vealers displayed an irregular
price range with the market steady
to largely so cents higher than yes
terday's early sales. The bulk of
good and choice kinds sold at SO to
$40 Receipts numbered 700.
With hardly enough supplies on
hand to establish a definite trading
range, lambs we're mostly stationary
in initial trading. Few classes of
spring grades ranged downward
from $12, while a small load of
shorn grades were salable at $1,000.
Native ewes were salable at $3.75
down. Receipts were 300.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
tBy United Pressl

steady; receipts. 3s, s92 CASES; fresh graded
frsts 20Hc; current receipts, 1914; dirties.
1812c; checks, 18Ac Butter-Market
steady; receipts. 14,029 tubs; standards
26Ac: extras (92 score 2612c; extra frsts
(90-92A score(. 26@26Ac; frsts t88-891a
scorel. 25Q25l9c; specials, 27d27zc. Poul-
try-Market unsettled; receipts. A trucks
o Sprn car des auc ia asc 49,
capons. 25@28c; turkeys. 18@2Oc; broilers,
2l@25c; leghorns. 13G171ac; old ROSTERS,
13M14c; fryers, 25@2612c. Cheese-Twins
1872 I394c; daisies, 14Q14Ac; longhorns.
14@14hc. Potatoes New stock, supply
moderate mo !, ,! demand slow market steady.
ana Bliss triumphs, s2.90M305; cobblers,
$3.50; Texas Bliss triumphs. s2.85G2.95;
cobblers. $3.50; California whites, 5000
1926. Old stock-supply light; demand
moderate; market strong on best north
erns; firm on Idaho russets. Idaho Rus
set Burbanks So; North Dakota early
Ohios, s2.20; cobblers, s205. Arrivals, IS;
on track. 100: shipments, Isl.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
FOREIGN
JOHN HUNTER HEADS
SOUTH BEND C. OF C..
Four Vice Presidents Elected at
Directors Meeting.
DAILY BOND INDEX
Times Special

1 tmeS SpeClUb
SOUTH BEND, Ind, May o.
John N. Hunter. former postmaster
of South Bend, has been elected
president and general manager of
the South Bend Chamber of Com
merce, it was announced today.
Other appointments at the meet
ing which was attended by all di-
rectors of the local chamber, in
cluded four vice presidents. They
are Max Adler, George L. O'Brien,
Ralph S. Sollitt and Otto A. Scher-
man.
Carl L. Hibberd was named
treasurer, corporation secretary and
chairman of the finance committee.
Mr.. Hunter, a member of long
standing on the Chamber of Com
merce's board of directors, served
nearly 16 years as postmaster be-
fore his retirement several weeks
ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
203 DEBTS ADJUSTED
Indiana Farm Loans Reduced BY
Resettlement Administration.

Farm debt adjustment cases
settled in Indiana during April
numbered 203, according to a re-
port made today by r. c. Smith.
Champaign, Ill, regional Resettle-
ment Administration director. n
AheSe cases debts amounting to
S464, 645 were reduced to 1899 916
During April, 1903 adjustments
were made in Mr.. Smiths territory
which consists Of Indiana, Iowa.
Missouri, Illinois and Ohio. This
was by far the largest number of
settlements made in any month
since The Resettlement Admins
traitor began cooperating with
voluntary local committees last
September, Mr.. Smith says.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Produce Markets

The prices quoted are paid for stock
gathered in the country, while delivered
in indianapolis the price is a cent higher.
Heavy breed hens, 15c; Leghorn breed
up, full feathered, 22c; Leghorn springers
Ia pounds and up. full feathered, 18c;
bareback broilers, heavy type. 13c: old
cocks, &c; ducks: white. 5 lbs. and over.
7c; geese, full feather, all sizes. Sc; all
guineas. ia lbs. and up, 15c; No. strict
ly fresh. eggs loss off, 16c; delivered in In
dianapolis, 17c Each full case must weigh
SIS lbs. gross; deduction of 10 cents
pound under SIS lbs. will be made. No.
butter. 29la G301ac; No. 2. 26AG27Ac.
Butterfat 24c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
SHEEP AND LAMBS

t9o-170) Good and choice. $500 400
Common and medium $3.50. 2506 $3.50
tSheep and lamb quotations on clipped
baSiSl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
FRUITS AND VEGETABLES

CHICAGO. May a. Apples-willow
Twies. bu.. sli5diS Carrots Illinois.
6u., soqscc; Sweet Potatoes.rennesse :.
91s Observation-Disclosures lettuce crates.
81 .B04ie5. Bpinach-Illinois. bu., asa 30c.
Tomatoes-Florida Tugs. bu.. si.75G2.75
CaulifloWer-California crates sl.75M IS.
Peas--caiifornia, bu hampers, $i.25mi. 40.
Lettuce-Western crates, s2.50G275. Celery
Florida crates, s2.25d3.T5. Onion Mar
ket ts0-lh. sacks Texas White Wax, e5c;
MA white Wax, 81; Louisiana yellow Ber-
rzudas. soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
STOCK VALUES
TURN UPWARD;
TRADING LIGHT
Inactive Issues Gain From
q to 6 Points on
Few Sales.
BY ELMER G. WALLER
United Press Financial Editor

NEW YORK, May 22.-The stock
market made a substantial recov-
cry today without benefit of in
creased trading volume.
Prices rose fractions to 2 points
with the highest grade issues in best
demand. More volatile and mac
tive issues gained to 6 points on
few sales.
The market opened quietly, with
prices steady, then crept forward in
dealings only slightly above yester-
days low rate.
Utility issues moved up fractions
to more than a point under the
leadership of Consolidated Edison
They quoted late in the Gay but
held most of the early Use. Com
munication issues came hack under
the lead of American Telephone
which rose 2 points net.
Steels Join Upswing
Steel shares next swung into line
with U. S. Steel up more than a
point. Vanadium rose a point and
Bethlehem more than point. Fur
Their talk of higher prices for third
quarter delivery helped, despite some
beliefs such rise would be detri-
mental to the industry. Some of the
gains were erased.
In the farm equipment group Case
touched 1884, up SIS points, while
international Harvester gained
more than 2 points and Oliver Farm
Equipment was up more than a
point. Mail order issues Joined the
upside, featured by Sears Roebuck.
Mercantile issues responded to
the weekly Dun g. Bradstreet Re-
view, which recorded gains in re-
tail business of 8 to IL per cent over
the corresponding period of 1885.
Carriers Strengthen
Railroad issues gained when the
weekly car loadings report was re-
leased. That showed the largest
total since the week ended Oct. 26,
1885. At the high, Atchison and
New York Central were each up a
point. Others were fractions to a
point higher.
Some selling came into the auto
mobile division near the close and
General Motors eased to a small net
loss. Chrysler dipped from it's high
of e413, which was up IL points.
Grams Reports, Inc, placed auto
mobile production this week at
109,821 units against 117,156 in the
preceding week and 100,705 in the
corresponding week of 1885.
Recovery in oil issues reflected
apparently successful efforts to
stem increased production in the
RodeSsa field of Louisiana. Gains
ranged to more than point. Lou
isiana Oil preferred jumped to
new high at 80, up 5 points, on 10
share lot sales. 1t held large part
of the advance.
Rubber issues were better on talk
of another increase in tire prices.
U. S. Rubber issues made the best
showing although dealings were
night in these as we'll as other tire
issues.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
WEIRTON NEEDS WORKERS

BIZ UHlted Press
PITTSBURGH, May %. - The
weirton Steel Co. will give its en-
ployes the choice of vacation with
pay or working through the vaca-
ton period at double wages, it was
announced through offices here.
approximately 10000 Weirton en-
ployes will benefit through the plan,
which becomes effective on July /.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22

This amounts to
only a b o u t
$635,000 , 0 0 o..
s G on d, 1t is
more or less
generally con-
coded t h a t if
this sum Is to
be raise d it
must be done
by / n C o m e
taxes.
The Presi-
dent in sis t S
that new taxes
are necessary
to raise this
amount. T h e
r e pu blicans,
apparently OPP
posed to any
further t ak a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
NezO York Stocks

Sales were $4,000 shares, against
$4,000 yesterday. Curb sales we're
10000 shares, against 10000.
Dow-Jones preliminary closing
averages: Industrials. 1883, up
.7S; railroads 44.50, up 81; utilities
1861, up SO.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22

ton in spite of their demands for
balancing the budget, seem to
think that existing taxes will pro-
duce the revenue required. This
is based on their belief that bust
ness is rising, profits increasing,
income increasing and that there
fore income taxes will increase.
There is certainly grave doubt
about this, and 1t would be Sc
rious error to permit the budget
to be unbalanced more than it al
ready is.
THE only alternative to in
Il come taxes is sales taxes and
these undoubtedly Congress will
resist. This leaves the issue fairly
clear. What kind of income taxes
will be imposed? Assuming that
the Presidents plan is to be
scrapped, the alternatives are as
follows:
l. To raise personal income taxes
all along the line from the $1,000
man up; 2. To keep the present
corporation tax and add corpora
ton excess profits taxes which will
yield revenue; 3. To levy a tax
on undistributed corporation earn
ings but without abolishing the
present corporation tax.
My own belief is that a combi-
nation of all these methods should
be employed. If Congress is Seri-
ously DESTROYS of raising the neces-
sary revenue and at the same time
distributing the burden according
to capacity to pay, then the sound
course will be to adopt a tax law
which will comprise the following
features:
First, retain the present Is per
cent normal tax on corporations
earnings $4,000 or over. Second,
impose an excess profits tax. Such
tax should begin after profits
reach per cent. However, the
computation should be altered
somewhat from the present system.
The excess profits tax should be-
gin at 7 per cent after all taxes,
local, state and Federal, have been
deducted from earnings.
TINE tax need not be a heavy
l. one and should be graded up
so that corporations making very
high rate of return will pay more
than those satisfied with smaller
returns of profit. The corporation
which makes 10, 20, so or 100 per
cent profit ought to pay heavier
tax than one making only 6 per
cent. Third the President was
right in urging a tax on ln6is-
tributed profits. He made the
grievouS mistake OF seeking to
abolish all other taxes and making
this The sole basis of corporate tax
alton. Therefore, moderate un-
distributed profits tax should be
levied.
How high should these excess
profits and undistributed profits
taxes be? The Secretary of the
Treasury can estimate what the
return should be to produce the
required revenue. They need not
be very heavy They need not SRI
ously affect corporate SURPRISES.
This would be all experimental be-
ginning in a very highly desirable
field of taxation. Then at the next
session the whole structure of per-
sonal tax rates could be recaSt.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
CIGARET OUTPUT RISES
Times Special

Z tHtt6 optLTuF
WASHINGTON, May 22.-Cigaret
production set new high record
during April, totaling 1855, 891 200,
compared with 1886, 7o1 ,120 in the
same period a year ago, the Treas
ury has announced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
STORES SALES EXPAND
Times Special

7 tHtO" D pCCEUI
NEW YORK, May 22.-Depart-
ment store sales in the metropoli-
tan area of New York for the first
half Of May were 1919 per cent
above the like 1885 period, accord
ing to the Federal Reserve Bank of
New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
BUSINESS ACTIVITY RISES
Times Special

WASHINGTON. May 22.-Busi-
ness activity averaged about So per
cent OF normal during April an in
crease Of 30 per cent. over that OF
March and almost 40 per cent above
that Of April, 1885. it was an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
CHICAGO PRIMARY RECEIPTS
INDIANAPOLIS

Wheat - Steady; No l red. 900e1c; No.
2 Red 89090c Corn-Easv: No. 2 white,
59m61c: No. 8 white. 561a@59e; No; I
white. 55@56c. No: 2 yellow; 5613d5Sil?c;:
Ne, yellow, SAC 56iac;. No; yellow STA
a 54c; No. 2 mixed. 54120 5612c; NO,
mixed. 521a 6412c: No. 4 mixed, 50lz@
521ac Oats-Steadv. No white. 23M
Csc. No. white 21023c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
CONSTRUCTION PERMITS UP
Times Special

WASHINGTON, May 22.-The
total value of new construction per-
mits issued during the first four
months this year amounted to $15,-
477,316, the highest for any period
since 1881
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
MAJOR GRAINS
RISE FRACTIONS
IN DULL TRADE
Tension on May Contracts
Restricts Volume and
Price Movement.
By United Press

4
CHICAGO, May 22.-ProSpects
for squeeze" in May wheat faded
today, but the tension on current
month contracts was strong enough
to restrict trade both in volume
and price movement on the Board
of Trade.
At the close wheat was 4 to "a
cent higher. corn was off * to q
cent and oats were unchanged to
off Is cent.
Operations in expiring May con-
tracts held the attention of the
wheat trade in spite of diminishing
fears of a serious squeeze" before
May Is. the final day for closing out
May commitments. Liberal selling
by holders of cash wheat allayed
fears of spectacular price gyrations
in the old crop month, and most
traders felt that there was no con-
centrated long interest in that de-
livery.
Corn Prices Slump
Short lines claimed to have cash
wheat to satisfy their obligations.
Deliveries on May contracts we're
$4,000 bushels, and notices of in
tention to deliver 278,0O0 bushels
tomorrow were filed, in spite of the
more optimistic outlook on the May
situation. Consequently the market
was dull and trade moved at
snail'S pace.
Deferred wheat deliveries eased
early in response to the break irf
Winnipeg and Liverpool where new
seasonal lows were touched. The
stubborn tone of the May here
checked selling. and prompted a
small rally later, however.
Corn slumped early as good
weather prevailed over the belt, and
the market showed little recuper-
ative power. September was off to
new seasonal low on the extreme.
Oats an drye markets were stag
nant. Lard displayed some easiness
despite firmness in hogs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Trends
Sees Calmer View of
Federal Tax
Problem.
by JOHN T, FLYNN.

NEW YORK, May 22.-Now
= that the Presidents tax plan
has been definitely checked, by the
Senate, a somewhat calmer view
OF the situation may be taken.
FIRST, apparently all are agreed
that there is to be no effort to
raise taxes sufficient to balance the
budget, but only enough to meet
certain items of expenditure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
LOCAL CASH MARKET

City grain elevators are paying 81 cents
for No soft wheat. Other grades on
their merits. Cash corn new No. yellow
IS cents and oats 18 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
FOREIGN EXCHANGE
(By Abbott, Proctor g. Paine)
Daily Price Index
tBy United Press

NEW YORK Nav 22.-Dun g. Brad
streets daily weighted price index of 30
easic commodities, COMPLIED for the
United Press tl9S0-l932 average 1907:
Todav-1i6.65
Yesterday -. 116.S5lYear ago 1870 IS
Week ago -. 1l6. 00l 1886 high .l23 40
Month ago 100. 10 1886 low - 1850
Copyright. 1885. Standard Statistics
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
TOLEDO. May 22.-Grain Close: In ele-

vators-transit billing. Wheat-No. 2 red,
97Ha d9S12c; Corn--No. yellow. s6d67c.
Oats--No. white. 30z 63i1zc. Rye-No. 2,
$1,000 Track prices, 241ac rate. Wheat
No red. 92h@931ac: No. red. 90h0
S2Hac. Corn-No. 2 yellow. STA 621sc: No.
3 yellow, 60M611ac. Oats-No. white, ara
29c: No. 3 white. 23laM2ac
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
FIRE INSURANCE
Local Securities

(By Indianapolis Bond and Share Corp. }
sent actual bids or offerings. but merely
indicate the approximate market level
based on buying and selling inquiries or
recent transactions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
(By United Press)

No. mixed 981ac Corn-No. l mixed,
66c No. mixed. sos; No. yellow. 641z@
65c No. 2 yellow, 6394 d641ac; No. yellow,
el ls1 63Hei; No yellow, SOC asllac; No;
white 6624c: No. white, 60H d6524c; No.
white; .58@63c; sample, 4o@59c. Oats
No. 2 white, 28c No. 3 white. 2412 2612c;
No. white. 24M2424c; sample, 22d24c.
Rye-No sales. Barley = Sales. soc: feed
quoted, 30M%8c; mailing. 45Q92c. Timothy
Seed s2.75G3. Glover Seed-S12G19. Soy
Beans-No yellow, 78126S1c; sample
yellow, 74d75c. Cash Provisions = Lard,
$40. 80 nominal; loose, So.65 nominal; leaf,
S9.37, ask; bellies, $3.50 nominal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Last Year

WASHINGTON. May ACHIEVEMENT
expenses and receipts for the current
fiscal year to May 20, as compared with
a year ago:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Pittsburgh Employment Up

Employment IN Pittsburgh factories aUas around
699 per cent OF normal during March, the highest level
normal according to surrey of the Employers Asso-
citation of Pittsburgh
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Money and Exchange
TREASURY STATEMENT

INDIANAPOLIS STATEMENT
hearings ................... So, 1854, 900
'ebits NEUTRALITY-SUSPICIOUS.. 1892, 600
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-22
Ne7Q, Bond Issues

(By Lyons 81 Co..
Imperial Valley press., 1936-07-09
INVADERS THREATEN FORBIDDEN CTTY'S GATE
w. |. Stone Gives
Senate Platform

am a candidate for the office of
State Senator from the 39th Sena-
tOriaI District and if elected will
definitely work for the following
Ia joint resolution for an inn
mediate analysis of the enormous
cost Of government in California and
decisive action toward reducing the
same through an initiative consti-
tutional amendment if the legisla-
ture refuses cooperation.
2. A definite and sound basis for
the taxation of real estate giving
the property a capital value, based
on its ability to produce, according
to a uniform rule SO as to prevent
error and partiality in valuations.
Assembly Bill 1927 now provides for
this and I would introduce this bill
into the senate.
8. A definite long term law for re-
funding delinquent tax debts that
will be a great improvement over
the present ten year law SO as to
give the taxpayer assurance of be-
ing able to ultimately redeem his
property, and thus get the bulk of
property now delinquent, actively on
the tax rolls again.
4. A gross income or transaction
tax law as a substitute tax that will
reach all people on an ability to pay
basis similar to the Indiana law now
in successful operation, first for
balancing the state budget and then
to relieve the excessive real estate
burden in the counties. I personally
secured the introduction of bill
based on this principle at the last
session of the legislature. I would
like to assist in bringing this or a
similar bill to final passage.
5. Legislation for the three prob
lens of unemployment, relief and
rehabilitation that will remove the
stigma of the dole and pauperism,
to be financed possibly from oil pro
duction on state owned tidelands,
rather than from bond issues.
6. To bring the government and
the people closer together into
better understanding of our govern
mental problems and into a concert
ed movement for their solution.
adv. W. l. STONE