davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20

Celanese Corp. 1914 rs rs
Collins Aikman Al 4624 Al
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
GAIN IN DEFICIT
REVEALED FOR
FISCAL PERIOD
S37,000,000 Increase Is
Shown During First
Three Quarters.
By United Press

~ CNfttU FftSS
WASHINGTON. April 20. - The
Treasury deficit increased S37,00O,-
600 over last fiscal year in the first
three quarters of 1886. it was dis
closed today, despite cut in emer-
gency relief costs and rising business
activity which boosted general
receipts.
At the end of the third quarter,
the New Deals cash box showed:
l. That the excess of expendi-
lures over income from July l, 1885,
to March 81, 1886, was $2,237, 1851
this year, compared with S2,199 $685.
$3.50 at that date year ago.
2. That payments for emergency
relief had dropped S174,S04, 022 on
that date, to a total of $2,430, 300, 8S9.
3. That, nevertheless, the grand
total of national expenditures had
mounted from $685.. Ass, POI to
S5.337, 110,349.
4. That drop of 1892, 005, $40 in
processing tax revenue due to the
Supreme Court decision has been
more than overbalanced by a rise
of $560,060,747 in income tax, Gus
toms, and miscellaneous receipts.
The rise in the deficit, attributed
in part to an Army and Navy pro-
gram, which has cost the taxpayers
S64, 444, 1872 more in 1886 than in
1885, and by higher sinking fund
costs, conceded with further reports
of an industrial boom.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
SHIPMENTS OF
PRODUCE CAIN
CarIot Movements Increase
1000 in Second Week
of April.

WU6S Sp6ClUG
WASHINGTON, April 2o.-Ship-
ments of fruits and vegetables IN
creased approximately 1000 cars
during the second week of April,
due mostly to more active move
ment of potatoes, new crop onions,
cabbage, asparagus, cauliflower and
peas, the weekly report of the De-
partment of Agriculture revealed to-
day.
Leading midweStern markets re-
ported a fairly good demand for
standard fruits and vegetables. Cold
weather for this time of year had
a tendency to retard the consump-
ton of such products as strawber-
ries, new potatoes and cabbage, and
also strengthened the market for a
few lines because of lateness of
southern truck crops.
The market for southern onions
however, is still weak after the Sc
we're declines of early April and po-
tatoes show hesitation after recent
rapid price gains. Prices of new
cabbage strengthened, while west
ern lettuce declined.
Southern celery sold at irregular
prices, and asparagus maintained a
steady trading range. Texas beets
advanced 10 to Is cents half crate.
Prices of carrots are irregular and
generally little lower.
Output was about steady for ap-
pies, citrus fruits, Strawberries, let
tuce and sweet potatoes, and mod
erately lighter for spinach, celery,
tomatoes and peppers. Heaviest car
lot gains occurred in potatoes, but
price setbacks near the middle of
the month cut down activity at va
rious shipping points.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
HOGS DISPLAY
UNEVEN TREND
Market 5 Cents Higher on
Heavy Classes; Others
Steady, Lower.

The pork market fluctuated in a
narrow range in slow trading to-
day at the Indianapolis Union
Stockyarcls. Weights upward from
200 pounds were generally cents
higher than Saturdays best aver
age, while other classes were most
ly steady. Bidding was lower on
late arrivals.
A more than normal supply, esti-
mated at $500, was offset by a
strong demand prevailing in the
various classes, encouraging the
upturn in medium and heavy
weights. Holdovers numbered 112
The top price held at $11.15.
The bulk of 100 to 225 pounds
cashed in at $11.05 to $1115. Me-
dunn heavyweights scaling $50 to
300 pounds sold at $10.55 to SLOTS.
Heavy slaughter classes, weighing
above 300 pounds, brought $1015
to $1040. Light slaughter pigs,
from 1870 to 100 pounds, we're salable
at $10.25 to $1O75. Packing sows
held at $685. to $685..
With prices tending irregular in
the cattle market, initial trading
developed slowly. Early indica-
tions were weak to largely 25 cents
lower on most killing classes. Some
low grade cows remained I'M
changed. Strictly good and choice
steers were absent. Bulk eligible
around ST to $3.50. Heifers sold at
81 to $685.. Probable bulk So down.
Receipts were 1400.
Veal prices were generally SO
cents lower. The bulk of good and
choice kinds sold at $3.50 to SO. Re-
ceipts were 600. Fat lambs also
were mostly Is cents lower with
quality considered. Bulk Of lambs
weighing from 80 to 80 pounds sold
at $685., while a single load of 90
Founders sold at 1925. No desir-
able wooded grades we're available.
Spring lambs and sheep scarce. Re-
ceipts were 1900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
1929 RENT LEVELS
SEEN IN is MONTHS
Statistics Show Sharp Gain
for January.
Times Special

m6S SpeCtuB
MINNEAPOLIS, April 2O-Rents
will be back at their 1929 levels in 10
months if the present rate of
monthly increase of rents paid by
wage-earners is maintained, c. j.
Ryan, vice president of Investors
Syndicate, predicated today.
Rents today are rising nearly
one-quarter of one per cent month
more rapidly than they increased in
the postwar bulge of 1922 1924, -
said Mr.. Ryan.
Residential rents in 173 American
cities, population of which is one
third of the country, now are adj
vancing 1875 times as fast monthly
as they fell monthly between 1929
and 1884. Their gain in the last 25
months was 572 per cent of their
decline in the preceding SO months.
"A study of rent statistics by In
vestorS Syndicate showed average
rents paid in these cities are up 1872
per cent, between January 1884 and
February, 1886, or an average of
.73 OF one per cent a month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
LABOR URGES
u. S. BUSINESS
TO CUT HOURS
A. F. of L. Warns Industry
Present Is no Time
to Temporize.
By United Press

By United Press
WASHINGTON, April 1S.-The
American Federation of Labor
warned today that business must
increase wages, shorten hours and
put unemployed to work in indus
try, or be reconciled to maintaining
"a standing voorhees, army seething
with discomfort"
The rising tide of business expan-
sion, the A. F. of L. said, in it's
monthly business review, is becom-
ing irresistible" marked by in
creased industrial profits and a ris-
ing stock market.
On the other hand, the review
pointed out, more than 100000
persons remain unemployed "in
spite of all the gains of the last
three years."
mo Time to Temporize"
1.-THE present is no time for tenn
porting" the A. F. of l.. declared.
Either we make the transition
from government support to provite
employment by increasing wages,
shortening hours and putting the
unemployed to work in industry, or
we keep a standing voorhees, army
seething with discomfort because of
the injustice done them on denying
jobs at decent pay.
Already the unemployed are or
ganizing and recent demonstrations
show that American workmen will
not submit forever to forced idle
ness and public support. This is
the more true, since they know that
American industry is equipped to
produce goods and services enough
for a comfortable level of living for
every American family, and that
capacity production, planned to
meet the nations needs, would give
work to every man and woman de-
string it,"
Proper Schedule Urged
Failure of industry to absorb the
unemployed was blamed by the A.
F. of L. on lack of "a plan to CO.
ordinate our thousand industries
and make them produce for the ma
TONS needs.
"Once such a program for pro-
duction, distribution and service
were put in effect, the problem of
unemployment would solve ITSELF"
the review stated.
Under proper schedule of work.
hours" the federation commended,
wage and salary workers would in
crease from 5,637 900 as of last Feb
ruary, to 38,072,000-a gain of 49,
435,000 which would take care of all
unemployment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
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 18c: Leghorn breed
hens, i5c: old cocks. 12c. Ducks. white, S
lbs. and over, lie: geese, full feathered,
15c: No. strictly fresh eggs loss of.
lie: delivered in Indianapolis, lBc.
Each full case must weigh SIS lbs gross;
lbs. will be made. No. / butter, SO 34c:
No. 2. 30G3ic. Butterfat. &c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
Trends
w ar Profits Bill
Run Gamut of
Committees.
BY JOHN T. FLYNN

NEW YORK, April 20.-It is
IN about a year now since the
Senate Munitions Committee was
exciting the country with its pro-
posals TO take the profits out Of
war.
What has become Of that bill?
Some contradictory accounts OF
its status and fate have appeared
lately. And as a good many Amer
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
POSTMASTER BUYING
BETTER THAN IN 1885
Sales Rise to 5 Per Cent Over
Same Week Year Ago.


Times Special
NEW YORK, April 20.-The aft
er-Easter decline of consumer buy
ing was less in evidence this year,
Dun & Bradstreet, Inc, reported to-
day. Unfavorable weather of the
preceding week merely postponed
fulfillment of many urgent needs.
The result was that sales were 2
TO per cent higher than in the COR
responding 1895 week, which was
the peak of the Easter trading.
Gains in New England ranged from
4 to 8 per cent, in the East to 6
per cent, in the middle West to 8
per cent and in the South to 10
per cent.
Sales, however, in the Southwest
and the Northwest were under the
totals for 1885. Wholesale trade in
creased, and some leading markets
reported the number of buyers dur
ing the week was larger than at
any time in more than a month as
store stocks had been reduced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
NETS 81 CENTS A SHARE
Associated Oil Co. Reports for First
Quarter of Year.
Times Special

I tWbS SptCtUT
NEW YORK, April 20.-Consoli-
dated net income of the Associated
Oil Co. for the first quarter this
year totaled S2,707,702. After pre-
ferred dividend requirements, net
was equal to 81 cents a share on
5,671 1893 shares of outstanding COM
mon stock.
This compares with a CONSOLE
dated net income of s1,220,991 for
the similar 1885 quarter, equal to
5 cents a share on the common
after preferred dividends. The
company reported that 1886 first
quarter earnings were the largest
for any quarter in its history.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
EXPORTS TO CANADA
TOTAL S85,153,452
U. S. Shipments Show Increase of
S7,462,03 in 3 Months.

S7,462,036 in Months.
By United Press
OTTAWA, Ont, April 20.-A sur
vey of the first three months opera
ton of the trade agreement be-
tween Canada and the United States
showed that total imports to Can
ada from the United States for jan
uary, February and March totaled
$85, 153, 452, an increase of $7,462,-
036 over the corresponding period
of 1885.
Canadian exports to the United
States amounted to 500, 484,791, an
increase Of $14,000,00 in comparison
with the three months correspond
ing.
While the balance of trade, the
survey revealed, still is with the
United States, the rate of increase
in exports from Canada is almost
double that of the imports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
FERTILIZER SALES
s PER CENT LOWER
Cold Weather, AAA Court Ruling
Is Blamed.
Times Special

Times Special
NEW YORK, April 20.-As a re-
suit of cold and rainy weather and
the temporary uncertainty created
by the Supreme Courts decision in
invalidating AAA, fertilizer tag sales
in II Southern states for the first
quarter were 6 per cent less than in
the corresponding period of 1885.
according to report of the Stand
ard Statistics Co.
The decline at the outset OF the
active selling season reduced tax
tag sales for the first nine months
of the current year to the end of
July 80 by 80 per cent, as COM
pared with a year ago.
Preliminary reports indicate that
April sales are about the same as a
year ago. Worthwhile gains are ex-
pected for the remaining two
months, however, but for the year
to end June 80, tag sales in the IL
Southern states will probably be
about the same as year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
AM. ROLLING MILL co.
EARNS $2.41 A SHARE
Increase of Al Per Cent Reported
in Sales During 1885.
Times Special

Times Special
NEW YORK, April 20.-The
American Rolling Mill Co. today re-
ported an increase of IL per cent
in sales for 1885, and that earnings
were more than four times the total
reported in the preceding year.
Consolidated net income for the
year was $4,310,l29, equal after pre-
ferred dividends to $2.41 share on
the common stock, compared with
1866, 500, or 40 cents a common share
in 1884. Sales amounted to $76.-
799,385 in 1885, against $54,485,115
in the preceding year.
Total assets of the company as of
Dec. 81, 1885, amounted to $42, 7O0.-
ATT, including $7,191 O24 cash, against
current liabilities of $11,937,618. A
year ago current assets were SOL
O01,650, cash and government secur-
tiles $2,724,989, and current liabil-
tiles $7,585,O16.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
GEN. MOTORS OVERSEAS
SALES RISE IN MARCH
32,798 Cars, Trucks Sold, Increase
of 22.9 Per Cent Over 1885.

L meS Spcctdt
NEW YORK, April 20.-Sales of
General Motors cars and trucks to
dealers in the overseas markets dur
ing March totaled 32,798 units, and
represented the highest sales VOL
ume of any month since May, 1929,
officials announced today.
This volume was 229 per cent
over the volume in the corresponds
ing month of last year. and IT'S
per cent over the volume in Feb
ruary of this year.
In the first quarter of 1896. sales
totaled 1921 units, representing an
increase of 24.5 per cent over sales
OF $1,000 reported for the first quar-
ter of 1885. These figures include
the products of the corporations
American, Canadian, English, and
German factories sold outside of
the United States and Canada.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
HUDSON SALES Squirt


CHICAGO, April 2o.-Hudson and
Terraplane sales for the first half
of April are rapidly approaching the
5000 mark, and probably will surpass
that figure when final returns have
been tabulated, according to William
r. Tracy, vice president in charge of
sales of the Hudson Motor Car Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20

LII Une idSJ war
we spent $33,0O0,OOO,0oO, but we
borrowed $22000,000,000 of it
through the banks. This pro-
duced gigantic imitation which
sent prices up, made wages and
profits soar and incidentally made
the war cost twice as much as it
should have cost and threw our
whole economic system out of gear.
NF course, the greed of certain
~ men helped this along. But
they could have done but little if
the artificial purchasing power
had not been created for them by
the vast government borrowing
and imitation.
The war-proflts bill proposes to
prevent the initiation by preventing
the borrowing. And this it does
by attempting to pay for any war
we fight out of taxes. In other
words, people will be taxed to pay
for the war as it is carried on.
The bill is built around this CEN
trail idea.
1t was unanimously reported to
the Senate favorably by the mu-
nitions committee at the last ses-
sion. But because the bill had in
it many provisions affecting our
military affairs in the event of
war, it was then referred to the
military affairs committee.
There representatives of the
War Department and the Navy
Department appeared and, after
some changes, declared themselves
in favor of the bill. They ex-
pressly reserved, however, that
they did not presume to offer any
opinion about the taxation fea-
lures. The bill was reported ia
vorably without dissent by the
military affairs committee.
THEN, because of the taxation
l. features, it was referred to the
finance committee. New bills have
run the gamut of so many commit
tees, but it was necessary in this
case because of the many features
IN it.
A subcommittee of the finance
committee, headed by Senator Tom
Connally of Texas, heard discus
sions last session. 1t was decided
to refer the tax features to the
Treasury Department for study
and to the joint committee of the
Senate and House on taxation. Mr..
Parker, the expert of that COM
mittee, and his assistants and the
Treasury Department studied the
bill through the summer.
The Treasury submitted a AL
page report. AS result, the sub
committee of the finance commit
tee took the bill back to the whole
finance committee for instruc-
ton on certain elementary points
Of policy.
The bill has now gone back to
the subcommittee. And there some
revision of its rates will be made.
Rates in the higher brackets will
be somewhat reduced and those
in the lower brackets perhaps in
creased. But no change has been
made in the fundamental concep-
ton of the bill.
Copyright. 1896. NEA Service, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
LIQUIDATNG VALUE UP
Timea SnecinI

Tunes Spectdt
CHICAGO, April 20.-Supervised
Shares, Inc. on March 81 reported
net liquidating value of S9,202 ,93O. SO.
compared with $4,000. 439 90 at the
end OF 1885, and s7,133,994.l! on
March 81, 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
AGREEMENT ON
SILVER POLICY
AGAIN RUM0RED
Possibility of International
Pact for Metal Is
Studied.
By United Press

WASHINGTON, April 20. A
slight increase in the open market
price of silver and the recent con-
ferences of Treasury experts with
Chinese representatives prompted
speculation today on the possibility
OF an international agreement af-
fecting the future of the metal.
officials declined to comment on
the possibility of an agreement
among the United States, Great
Britain and China which would help
steady the silver price and bolster
the Chinese currency situation. The
most authoritative indications were
that officials did not consider such
an agreement likely at present.
Speculation Still Persists
Speculation persisted, however, as
a result of the recent conferences
of Chinese fiscal experts with
United States Treasury officials and
Secretary of Treasury Henry Nor
genthau Jr.
In some quarters opinion was that
the rise in London and New York
prices was due more to speculation
than to arrangement between ma
tons. 1t was considered possible
that spectators were lifting the
price in anticipation of the compile
ton of such an agreement.
Another explanation offered here
Tor the increase was arrival of the
marriage season in India, with it's
concurrent demand for silver to be
used IN dowries. This event annu-
ally has affected bullion markets.
Only Slight Rise in Price
The rise in price of the metal so
far has been slight. throughout
the year silver has tended to main
tain much more stable level than
in 1885 when the Treasury allowed
the world price to collapse when it
withdrew its support on the Lon
don market.
The fluctuation in price this year
has been comparatively slight, from
high of 1914 on Jan. 2, to a low
OF 44% listed in New York on Jan.
20, and maintained steadily for
weeks. In London the price was
also highest on the second day of
the year when it remained at 22ss
pence. 1t has since fallen at times
as low as 10.
Economists were doubtful that
any actual agreement that might
affect the open market price was
in the offing with China. China has
suffered difficulties through the va
citations of our Treasury's silver
policies last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
ISSUES QUARTERLY REPORT

Tunes NpecidI
NEW YORK, April 20.-Funda-
mental Investors, Inc. today report
ed that total assets at market value
increased from S3,873, 304.35 on Dec.
81, 1885, to $5,295, 1851 at the enc
OF the first quarter this year which
ended March 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
STOCK MARKET
WEEK IN REVIEW

By United Press
NEW YORK, April 20-The main
stock list declined moderately last
week with trading at the lightest
levels of the year.
However, the volume for the year
to date crossed the 100000, O0o-share
mark, the earliest this level has
been reached since 1880. In 1885 the
200, 100000 mark was not touched
until Sept. 5. The daily average trad
ing this week was only l,405,OOO
shares for the full sessions while the
average for the year to date is
around 100000 shares daily.
Bonds eased with stocks, but
commodities improved. Wheat
gained more than 2 cents a bushel
Friday with the May option touch
ing the dollar mark, the first dollar
wheat in more than a month. Silver
got out of its rut at New York, ris-
ing only u cent to As cents an
ounce.
Rubber Futures at Peak
It was the first time there has
been variation in the 435l -cent-an-
ounce price since Jan. 20 and the
first time there has been an advance
since Aug. %, 1885. Cotton gained
on the week. Rubber futures made
new highs.
Despite favorable business news
automobile shares met some profit
taking and eased from their recent
highs. Auburn Automobile was I'M
der pressure for time when it was
learned an investigation was under
way in the issues of the company,
but it steadied later.
Steel operations rose to the best
levels since mid-June, 1880, at 67.9
per cent of capacity in the Ameri-
can Iron & Steel Institute compila-
ton. That was a gain of "a points
over the previous week. Steel shares
were easier, however, with losses ex-
tending to more than 3 points.
Quarter Earnings Favorable
Earnings reports for the first
quarter in the aggregate showed
gain of more than SO per cent over
the 1885 period, but several of the
companies reported smaller incomes
than q wear 400
That made for selectivity in the
stocks. For example, the oils,
which had good reports, moved up
and some of them recorded sub
stantial advances for the week. The
earnings curve of the utilities con-
tinues downward and that group
eased fractions to 2 points. Rails
were depressed after receiving sup
port.
Farm issues were in demand for
several days, but they slipped back
late in the week. American Smelt-
ing was a heavy loser and other
silver dipped until the late trading
Friday, when they made belated
response to the firmer silver quote
Coppers were firm on a general rise
in the metal to 91a cents a pound.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
SALES SHOW INCREASE
Times Special

Tunes Np5cidI
NEW YORK, April 20.-Sales of
the American Colortype Co. for the
first quarter this year amounted to
$2,211,9l6, compared with $1,968,618
for the same period of 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20

cans are inter-
ested in this
subject it may
be we'll TO de-
scribe here pre-
cisely what has
h ppe ned to
this bill.
1t may be re-
membered that
the bill aimed
to take the
profits out of
war by adopt
ing the theory
that the profits
of war come
from war infa-
ton. Wars are
fought W i t h
borrowed funds.
tn tha loot xror
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
MACHINERY SALES RISE
Times Special

FUttS SpBCtuT
NEW YORK, April 2O.-Net sales
Of the York Ice Machinery Corp.
totaled $6,283, 1873 for the first six
months Of the fiscal year, as COM
pared with s5,700,0O4 for the same
period a year ago, it was reported
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
Business Studies


history this concusvey shows that
trade directly is estimated that
normal onetenh of
ton employs about three million workers.
unsettled politics. of international
sterilization, 1884
than
1884. Our imports increased faster than exports
Reciprocal ade by State Department have been
countrBraI Canada, Belgium
Netherlands Switzerland and Colombia
Agreements being
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-20
Local Securities

(By Indianapolis Bond and Share Corp)
The following quotations do not repre-
sent actual bids or offerings but merely
indicate the approximate market level
based on buying and selling inquiries or
recent transactions