davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
z BILLION TOP
IS SET BY FCA
IN REFINANCING
Mortgage Loan Record Set,
Farm Credit Chief
Reports.

4 tmeS Special
WASHINGTON, March 28.-Real
estate mortgage loans to farmers
by the Farm Credit Administration
since its organization in May, 1888,
passed the $4,000 100000 mark to-
day, w. I. Myers, FCA governor,
announced today.
Farmers borrowed s1,155 900, 900 on
first mortgage security from the
Federal land banks and s845 900 900
from the Land Bank Commissioner.
who makes loans on second as well
as first mortgage security, accord
ing to Mr. Myers.
Lending operations for emer-
gency refinancing to alleviate de-
preston conditions passed the peak
nearly two years ago." he de-
clared. Since then a gradually
increasing percentage of land bank
and commissioner loans have been
made for normal refinancing of
farm mortgages, for new loans to
purchase farms and for other pur-
poses. Recently, first mortgage
loans have constituted larger per-
centage of the total than formerly
indicating that the need for second
mortgage financing is diminish
with the passing of the emergency"
Farmers borrowed $1,000, 000, 900,
or about 90 per cent of the total
loaned, for the specific purpose of
ref1nancing old debts, Mr.. Myers
points out. The original debt owed
to other creditors before refninanc-
ing was about two billion dollars,
but creditors wrote off approx
mately $191 200, 900, which about Off
set the $2OO,000,0OO which farmers
borrowed from the land banks and
commissioner for new financing and
other purposes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
LARGER MARKET FOR
FARM CROPS Is SEEN
Plastics, Vegetable Oil Experiments
Prove Successful.
Times Special

Imes Special
NEW YORK, March 2S.-An in
creasing market in industry for
farm crops is forecast by success
full experiments with plastics and
vegetable oils at Edison Technilogi-
cal Institute, R. H McCarroll of the
Ford Motor Co., said today.
Experiments at the institute have
been directed not only toward de-
veloping uses for soy bean deriva-
tives, but also toward perfecting a
simple processing plants which can
be economically set up on the farm,
and toward developing suitable in
dustrial materials from other farm
crops, he said.
Progress in the experiments in
recent months has included the pro-
duction of disable benzyl cellulose
which may be made from cotton,
wood, plant stalks, or even the
stalks of weeds, the Ford repre-
sentative said. The plastic obtained
metal parts, such as automobile
from this source, he said, may some
instrument panels.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
PACKARD NET INCOME
LARGEST SINCE 1890
1885 Earnings Equal to % Cents q
Share on Capital Stock.
Times Special

Share on Capital Stock.
Times Special
DETROIT, March 28.-With unit
sales the largest in history and
sharp recovery in trade, the Pack
ard Motor Car Co. today reported
net income for 1885 of $3,315, 622, or
% cents a share on capital stock,
after all deductions. This was the
best earnings reported by the COM
pany since 1880.
In the preceding year, when the
company made heavy investment
in new equipment, dies, machinery,
etc., preliminary to development and
introduction of new models on
which Packard staged its big come
back" of 1885, net loss of 1920, SAG
was shown.
The company sold approximately
52,256 new cars during the year,
compared with only 6071 in the pre-
ceding year This was an all-time
record, being attributed largely to
the introduction of its new and low
er priced model.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
FOREIGN
WHOLESALE PRICES UP
General Decline Checked During
Week Ended March FL.

4 EmtS SpSciUt
WASHINGTON, March 28.-The
decline in the general level OF
wholesale prices which Was under
way for more than four consecutive
weeks was checked during the last
week ended March 81, according to
the index compiled by the National
Fertilizer Association.
The index rose to 1853 from 76.7
in the preceding week. Two weeks
ago the index stood at 1853, month
ago at 77.8 and year ago at 759,
based on the 1926-28 average as 100.
The highest point reached by the
index this year was 78.5,in the first
week of January.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28

bONDS
Home It & T Fort Wayne 6ia .104 los
Home T g. T Fort Wayne 6. 103 106
Indianapolis Railways Inc 66 90
Indianapolis Water Co Jos 107
indianapolis Water co 5 los 107
Idianapolis Water Co 5h.... l04ia l06
Kokomo Water Works S .....104 1854
Morris g. 10 Stores 5....... 100 1O3
Muncie Water Works .::.1 1881 -,
Noblesville Heat 1t Pwr ga. 98 lO0Ha
Ohio Telephone Serv 6 -. STA -,
Richmond Water Works Typ lo6'2
TeTre Haute @ Trac & Light S. los i08
Terre Haute Water Wks 102 l04
Terre Haute Water Works LOB los
Traction Terminal Co 10 ~
sBelt r R & Stock Yards Com So 55Ha
+Belt r R & Stock Yard pfd % 2 o3,1
Central Ind ! Pwr pfd d. I l9is S 5z12
@Hook Drugs Inc com 1874 ~
lind g. Mich Elec Co pfd z 1882 1861
sind General Service Co g.. 9612 SO
Ind Hydro Elec Co ....:... % %
indianapolis Gas Co com 6 "a 81
""Indpls Pow & 1t GO PIG g.. 8 ~ ~
Indianapolis Water Co pfd S io2 los
North Ind Pub Serv pfd 5las "a g.
North Ind Pub Serv pfd =. 72Ha 1512
North Ind Pub Serv pfd 30 80
Progress Laundry Co com 10 diHa
pub Serv CO of Ind pfd O.. 10 p
*South Ind Gas & Elec pfd SO 1o1
Terre Haute Electric Co... 81 VI e
Union Title Co com ........ 1874 2lHa
*EX-dividend.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
1885 NET INCREASES
Owens Illinois Glass Co. Income
Totals S7,SS3,496
TimeR Nnccinl


CHICAGO. March %. - The
OwenS-Illinois Glass Co. today re-
ported a consolidated net income
for 1885 at 1888 ,496, equivalent to
$6.57 share, against $6,496,359 or
$5.4l a share in the preceding year.
The company, for the first time
in history, reported net sales royal
ties. This and other operating
revenues amounted to $57,901, 781,
an increase of $6,638, 400 or Is per
cent over the previous year. The
gain was due to increases in ton
mage shipped in all lines. according
TO William H. Lewis, president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
Trends
Seek to Discredit
All Senate
Probes.
by JOHN T. FLYNN

NEW YORK, March 28.-The
L Y seizure of mass OF kilograms
by the Senate lobby investigating
committee has brought upon its
head flood of criticism. Much of
this criticism is honest. But here
IN New York and close to Wall
Street one can see with half an eye
that the incident has been used to
discredit all current investigations.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
F. J. MEEHAN LEAVES SEC
Times Special


WASHINGTON, March %. =
Frank j. Meehan, assistant to David
Saperstein, chief of the trading and
exchange division of the Securities
and Exchange Commission, is to re-
sign from government service, effec-
tive the end of March, to enter
private business, it was learned
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28

In all fair
ness one may
we'll favor the
use of the leg
islative probe as
a means Of
throwing light
upon d a r k
corners and al
the same time
be whole heart
eddy devoted
to the funda-
mental guar
antics of the
Bill of Rights.
Citizens are
entitled to be
p r o t e C e d
a g ainst u n
+ e a S 0 n a b ! e
searches and to
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
BuSigrnbhs

The placing of orders for new
machine tools, which is basic equip
ment, is an excellent indicator of
future activity in our manufacture
ing industries. The tremendous in
crease in orders for new machine
tools is q most optimistic develop
ment of the last nine months.
January orders exceeded year ago
by So per cent, while orders during
last year were nearly double 1884
orders. About one-third of our ma
ching tool output is exported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
PAINT SALES HIGHER

Times Special
NEW YORK, March 28.-Present
indications point strongly to a con-
tinued upward trend of paint sales
during the next several years, &C
cording to report released today
by the Standard Statistics Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
TOBACCO LOSS REPORTED

Times Special
RICHMOND, Va, March %. -
Flood damage to tobacco in ware
houses may run as high as $4,000
600, it was announced today. APP
proximately 100000 pounds of to-
bacco was soaked in the sheds OF
the Allegheny Warehouse Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28

be guarded by the state in their
rights to freedom of speech and of
religious worship.
TT is inevitable and unfortunate
Il that Senate committees will
sometimes overstep the bounds. The
same thing is true of prosecuting
attorneys, who in the enforcement
of laws against offenders not in
frequently invade the constitution
al guarantees of the defendant.
But we do not conclude from this
that prosecutions must cease.
Walter S. Clifford, chairman of
the A. T. e. T., and c. NJ Bracelen,
its attorney, told the Federal Com
munications Commission last
Thursday that many of the de-
tails of their own company brought
out in the first three days of that
investigation were hitherto I'M
known to them and were informa-
tive.
"
MIR. BRACELEN said the teSti-
1V1 mony had convinced him
that some of the company's hard
working representatives had been
over-zealous with consequences
which he deplored. Both promised
to give the matters consideration.
This is not the first time I have
seen Investigations surprise the
responsible heads of concerns in
vestiyated. When the Senate Bank
ing Committee investigated the
Chase National Bank, it was
known to the committee that the
rev administration of the bank
was conducting its own investiga-
ton.
But when the facts were pre-
sented about the Chase, Winthrop
Aldrich, president of the bank, adj
mitted that he had not hitherto
known of some of the amazing
transactions revealed by Mr.. Pc
cora and he advocated before the
committee a whole series of i'm
portant bank reforms as result.
Copyright, 1896, NEA Service, Inc)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
Local Securities

(By indianapolis Bond g. Share CorpJ
The following quotations do not rep
resent actual bids offerings, but
merely indicate the approximate market
level on buying and selling inquiries or
recent transactions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
Chicago Grain Futures
(By James E. Bennett g. COZ
LOCAL CASH MARKET

City grain elevators are paying 80 cents
for No. soft wheat Otner grades on
their merits: Cash corn new No. yellow
10 cents and oats 10 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-28
Chicago Stocks

(Reprinted From Late Times Yesterday
(By Atkins, Hamill & Gates
The Waterbury Democrat., 1936-05-08
LEGATIONS ASK FOR SOME HELP
BadOgIiO at Once Rushes Soldiers to Clean Out
 All Bandits

Adds Ababa, May s.--(UP.-Sev- eral foreign legations, including the American, sent messages today to the Italian high command asking for armed guards to protect lega- ton property against rioters. Troops were sent by Marshal Pietro Badog- lio, Italian conlmander-in-c chief, with instructions to clean out all armed bands in the legation dis- trict. Most of the legations arc lo- cated four or five miles from the center of the city. Meanwhile the German minister called officially on Badoglio. His action was considered tantamount to official German recognition of the colonial status of Ethiopia's relationship to Italy. The German minister is the only diplo- mat who has called officially on Badoglio.
 String Telephone Wires
 Italian soldiers were ordered to string telephone wires through the city to facilitate communication be- twet all military headquarters. De- tachments of Carabineers, l2 men to each unit, were ordered to visit al house, both native and Euro pean, in search of stolen goods. They were instructed to confiscate loot and attempt to return 1t to Its rightful owners.
 Observers understood that Italy expect5 foreign diplomats to leave the couatry soon and thus make 1t exclusively Italian territory.
The Waterbury Democrat., 1936-05-08
YALE. NEWS HTS
 HARVARD PLAN
Boxing Schedule With Yale Dropped; News
 Did Not Like It

New Haven, Conn, May 3-(UP) ---The Yale Daily News, in an edi- torial today, regarded as stupid" the action of the Harvard athletic committee in dropping Yale from it's boxing schedule.
 Pointing out that the two univer- sities had continued friendly at the time Harvard and Princeton and Army and Navy had severed rela- tions and the friendly feeling of cooperation had been regarded as something ideal, something above the petty disagreement of individ- uals and minor incidents, the News declared:
 Tt is disallusioning to find that cooperation shattered, especially when the incident involved seems so trivial. The Yale and Harvard teams want to box each other; the under graduates want to have Yale and Harvard relations as pleasant as possible. Under these circumstances 1t seems rather stupid for Harvard to take such drastic action without making every effort to settle the dis pute amicably.
 "Harvard's action in dropping Yale from It's schedule sets a dangerous precedent. If incidents like this can arise in boxing, they can come in football, baseball, hockey, or any, thing. Let us hope that the trend will stop right here and those inc yolyed will still find settlement"
The Waterbury Democrat., 1936-05-08
Favorable Auto News Steadied up Very Dull Marke'
Motor Shares Rallied, Stopping Price Drop
Early Losses Had Reached Up to Three POintsJ
 Around Closing Time Small Gains Registered Up

averages: Industrial, 146.S7 of 0.27S railroad, 43.47, of OPS; utility 29.O6 up O.02.
 West Texas Wool
 San Angelo, Tex, May S-(UP)-- The best price paid for West Texas wool in the past eight years was rec corded today. Tom Richey of San Angelo paid the peak price, 32 1-2 cents Q pound, for car of 12~ month wool bought from Clyde SelS lers of Del Rio.
 This sale was made just Q day after D. E. Hughes and Jack Hughes of San Angelo had set the previous record for the year by paying g cents a pound for e0,000 pounds of wool bought at Del Rio.
 Foreign Exchange
 Paris, May 8--(UP)-The Paris Bourse today suspended future dealings in foreign exchange.
 The decision of the Bourse was made when banks decided not to furnish francs for future operations. The banks continue to furnish francs only for legitimate require- mentS.
 Banks took their action when fu- lures premiums on the exchanges reached Q high tension. Forward sterling had jumped from 2 francs 20 centimes to francs 80 centimes for 30 days delivery, equivalent to 56 per cent per annun interest. For 90 days the rate is equal to 36 per cent.
 The move was taken in desper- ate effort to check the rush away from the franc by French nationals who fear early devaluation and a. general upset in business when the. "popular front" chamber of depu" ties goes into office on June ].
 This was the second drastic step taken in the last few days to halt gold exodus that has been cutting deeply into French gold reserves. For the week ended May 1, the Bank of France lost around $77,- 100000 in gold. A larger amount has been engaged for shipment abroad since then, experts estimate.
 The bank of Frances first step was e rise in the discount rate from 6 to 6 per cent on Wednesday. Future foreign exchange is dealt in somewhat similarly to conmodi- ties. Thirty-day francs, for ex- ample are sold for delivery in that period. The short seller sells for 90, 60 or 90 day delivery, hoping for Q decline so that he can pur- chase at q lower rate and make \ profit. The government aimed par- ticularly at shorts in It's decree to- day.
The Waterbury Democrat., 1936-05-08
BY ELMER C. WALZER United Press Financial EditOr)

New York, May 8s--(UP) Favor. able news for the automobile indus- try had stendying influence on a dull stock list today. Motro shares rallied to small net gains and the whole list firmed after an early dir of fractions to more than 3 points
 Automobile shipments for the past week were placed by Grams reports at 1ie,786 units against 1l8,704 ir the previous week and 87,395 a year ago. General Motors reported record April sales. Automobile Man. ufacturers' association had April sales the best for any month since May, 1929.
 Around closing time small gains were recorded in Cnrysler, General Motors and Studebaker Motor equipments were firm. Rubber shares rallied.
 Steel shores came back part way after declines ranging to more than a point. At the low Bethlehem sold at 48 1-e, off 1. IA, and U. s. Steel 54 3-4, off 3-S. Utility shares met support. oil issues recovered most early losses. Electrical equipments moved higher under lead of Vest inghouse Electric. Paramount is- sues led movies upward.
 Douglas gained in firm aviation group. Coppers and silvers rallied. American Telephone gained more than @ point.
 Phillips Morris made a new high at 85 3-4, up 4 l-8. Louisiana Oil preferred reached top at 26, Up 3-4. Schulte preferred touched IA 1-2, up 2 1-2; Commercial Credit 58 7-8, up 2 5-8: and Paramount first preferred 72 3-4, up 2 3-4.
 On the downside, MonsantC Chemical, one of the yesterday'' weak features, broke 2h to a new low at 83h. Industrial Rayor made 6 new low and then rallied tt Q net gain. Case touched 14S ane then came back to i48T, the latter off 1N. Allied Chemical at l8lN was off 3%, but regained part ol the loss.
 Wheat broke nearly 3 cents ( hushel in the May position. Cotton eased. The French franc fluctuated narrowly despite unset. ting news from abroad. Bonds ral- lied after an early decline but French issues were under pressure throughout the day.
 Sales totaled 780,000 shares against l,0l,000 yesterday. Curh sales were i69,000 shares, against 248,000 shares yesterday. Dow-Jones preliminary closing
The Waterbury Democrat., 1936-05-08
NAVAL WIRELESS
 MEN HONORED

Washington, May 8--(UP)-Re- wards for "commendable zeal and efficiency in the performance off duty in unusual and difficult cir- cumstances" were made by the navy department today to the four naval wireless operators who manned the little set in the U. s. legation at Adds Ababa during rioting there.
 The bureau of navigation, at re- quest of Minister c. Van H. Engert, placed the above commendation in the service records of the four sail- ors and announced that each would be promoted.
 W. E. Tanner now acting chief radio man, will become e permanent chief radio man effective August IS.
 W. L. Pitts, radio man first class, upon his return to this country will be given a course of instruction to qualify him for the rating of chief radio man.
 G. P. Cavanah and J. W. Anslow, radio men second class, will become radio men first class.
The Waterbury Democrat., 1936-05-08
Italy Expects Au
 Legations To Quit
(Continued from Page D

of Halle Selassie's authority in Ethiopia with the surrender of Ras Siyoum, "The Black Fox, to com manders of the third army at Soc- ota. Siyoum was the Negus' hardest fighter and most bitter opponent of Italian penetration.
 In Adds Abab Badoglio ordered disarming of all Philippians, sending attachments Into the hills to round up groups of bandits and irregular soldiers. Other squads, with fixed bayonets, bossed gangs of natives ordered to remove the dead and lit- ter resulting from l-2 days Of riot and pillage.
 Emperor Tn Exile
 Jerusalem, May 8--(UP)-Em- peror Halle SeIsssie and the exiled Ethiopian imperial family arrived here today from Haifa where they were put ashore from the British cruiser Enterprise as political refu. gees seeking asylum in Palestine.
 The fallen king of kings-nc longer the Conquering Lion oi Judah--was taken is as q guest al the King David hotel pending ar- rangement for Q more permanent residence.
 British troops received the Negus as an honored guest. Lieut.. Gen. Sir Arthur Wauchope, high commis- sioner to Palestine, made arrange ments to receive the imperial refu- gees in accordance with the official British view that although he aban- doned his country to Italian occupa- ton he remains a sovereign.
 Remains In SecluSi0n
 Throughout the journey to Jeru- salem from Haifa the emperor re. mained in seclusion with his fam. fly. His train vas carefully guarded at all railway stations.
 Upon arriv0l In Jerusalem the Negus and his suite were received by District Commissioner J. +. r. Camp
The Waterbury Democrat., 1936-05-08
Wool Market

Boston, May e--Only limited quantities of wool wore moved in Boston today, the U. 8. Agriculture Department reported.
 Interest was centered mostly in the medium grades of fleece wools and fine territory wools. Few of- ferings of fine original territory wool of average to good French combing length were available at 78-80 cents, secured basis. A little wool of this type was available at s2-s3 cents, secured basis, and some houses asked up to 86 cents. Tho higher quotations were paid only bought for immediate delivery.
The Waterbury Democrat., 1936-05-08
GRAND CENTRAL
 PALACE SNAKY

New York, May 8-(UP)-Grand Central Palace looked like an anil mated case of delirium tremens to- day when the first snake exposition opened to the public.
 A huge python, 26 feet long and 24 1-2 inches around its slimy bulg- ing torso coiled in a specially built pit and went about the business of changing a mottled brown skin for one of purplish hue.
 More than 2000 other snakes licked their tongues at spectators like darts of forked red lightning. Henry, the squat monitor lizard. scuttled about his enclosure serenely confident that TO elongated reptile could approach him for ugliness.
 One of the most curious exhibits was the flying snake. never before shown in this country. This reptile can force itself into concave shape at the approach of an enemy and glide from tree to tree.
The Waterbury Democrat., 1936-05-08
GERMANY WAS
 QUERIED TODAY
(continued from Page l0


 Europe was shown at once.
 It asked Hitler his attitude on "the remaining operative clauses ot the Versailles treaty"
 This was to find out the vital question whether Germany now recognized the territorial status fixed by the treaty. It was designed to bring a statement about Hitler's view of the colonies which Germany lost after the war.
 Indicating a wish to know Wheth- CT Hitler aims to place all neigh boring countries under the Reich'a roof, Great Britain asked:
 Distinction Drawn
 "A distinction is apparently drawn between the Reich and the German nation. The question is, really; whether Germany now considers the point reached at which she can sig nifty she recognizes and intends to respect the existing territorial and political status of Europe, except ir SO far as 1t might subsequently, be modified by free negotiation" Next Germany is asked whether she is ready to include an agrees ment for limitation of air forces in her proposed mutual aerial defense treaty for Western European coun- tries.
The Waterbury Democrat., 1936-05-08

Mrs. Mary Caine of Naugatuck and Frank McDermOtt of West Haven were endorsed for rcelec- ton to the democratic state cen- tral committee last night at caucus of the delegates to the state convention from the 14th senatorial district. The district runs from WOIcOtt over to Che shire and down through Prospect to West Haven.
 In addition the district dele- gates at the caucus, which took place in West Haven, named State Representative William Me- DermOtt of Naugatuck to the rules committee tO represent the 14th