davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
QUARTER
CAR SALES RISE
Six Large Manufacturers
Report 18 Per Cent
Increase.

Times Special
NEW YORK, May 16.-Showing
first quarter gain of 18 per cent
in combined volume over the first
three months of 1885, the six prin-
cipal automobile manufacturers, ex-
elusive of Foro Motor Co., ex-
banded their aggregate net profits
by more than so per cent to $685.
$4,000, a survey today revealed.
Profit figures of the Ford Motto.
Co. are never available. Reports on
first quarter net income are not yet
available from several of the small
CT producers.
Profits in the initial three months
of 1885 were up per cent over
the June quarter of last year, but
212 per cent under the final quarter
of 1885. The latter decline re-
fleets mainly year-end ADJUST
ments and seasonal variations in
accounting practices. The final
quarter of 1885 was the initial pc
Rod with the 1886 car models.
The prime influence in the ex-
pansion of net profits over the first
quarter of 1885 was the General
Motors Corp. Each of the six big
auto makers, excepting Ford,
showed gains over last year, and
the four independent manufactur
ers included in the group trans
formed combined net loss Of
nearly 100000 in the first 1885
quarter to a combined net gain of
$2,016000 in the first three months
of this wear.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
June FINANCING
BY GOVERNMENT.
is ANTICIPATED.
Bonus Payment, Maturity of
Securities Makes Issues
Likely.
By United Press

by CHtIe0 PTfSS
WASHINGTON, May 16.-This
govern ent S anticipated June
financing may be assisted material
ly by the uncertainties of European
financial and political conditions,
Treasury observers believed today.
Although Treasury officials de-
clined to commit themselves def
initely either on the amount likely
to be borrowed or the probable date
of the financing, it is believed this
government will be compelled to
borrow another $1,000,000, or
more, in addition to such rehnanc-
ing as is decided upon, early in June
Heavy borrowing is anticipated
because of the soldiers bonus pay
ment, which will begin soon after
June Is. In addition, there is
$685., 616. 400 in government secur-
tiles falling due June Is which prob
ably will be refinanced Also. some
additional money may be required to
meet the ordinary running expenses
of the government for the next
three months.
Discussing the possibility of a
large bond and note issue early in
June, it was pointed out that notice
of such financing is likely to coin
eide with the change of govern
ments in France and the attendant
money uncertainty in Europe In the
past, such European uncertainties,
when they conceded with govern
ment financing here, have resulted
in quick and heavy over-sub-
scription of this governments bonds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
FLETCHER LAND BANK
BONDS TO BE RETIRED
Local Institution Calls S1,271 800
Issue in Refunding Move.

William B. Schiltges, president OF
the Fletcher Joint Stock Bank, to-
day announced that directors of the
institution have authorized the call.
ing for retirement of s1,271 300 of
Az per cent bonds on Nov. /.
The original program included in
the refunding a total of S9.576. 900
bonds, all of which have been called
except 1882, 500. Holders of the
called bonds may convert them into
cash or exchange them for Unite I
time into a new 81 per cent issue.
dated May l, 1886, callable May l,
l94l, due May |, 1886.
The exchange of the Az per cent
issues for the new ones will be made
at par, with interest adjusted as OF
Nov. /. 1886. The new group Of
bonds called for retirement includes:
s251, TOO. optional May /, 1884, due
May l, 1854; S613, 400, optional
Nov. l. 1894. due Nov. /, 1854, and
s4o6,200, optional May /, 1895, due
May /, 1855.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
SHOE RETAIL SALES
INCREASE SHARPLY
Gain of IS to 20 Per Cent
Made in Four Months.
Times Special

Times Special
NEW YORK, May 16.--Substan-
tial increases we're recorded in
practically all divisions of the shoe
industry during the first four
months of 1886, according to a
survey released today by Dun &
Bradstreet, Inc.
Production ranged from 3 to 6
per cent higher than in the COM
parative 1885 period, wholesale VOL
ume gained to II per cent, and
retail sales showed IN increase
ranging from Il to 20 per cent.
With prospects of further i'm
provement, volume consumers have
come into the market for larger
quantities since the middle of April.
AS result, cutting departments are
working close to capacity.
Consumer demand started to
broaden rapidly during March, with
the increase extended more widely
in April. Current wholesale prices
average about 10 to 20 per cent
higher than year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
New Business Books
Available at Library

The following new business
books are available ct the bust
ness branch of the Indianapolis
Public Library:
MOTOR FREIGHT RATES AND
RULES by H. G. williams. Motor
freight carriers need nothing so
much as scientifically or construc-
lively developed bases for determin-
ing fair and reasonable rates and
rules for their services.
SANCTIONS; THE CHARACTER
OF INTERNATIONAL SANCTIONS
AND THEIR APPLICATION. comp.
by Royal Institute of International
Affairs. Under national systems of
law. sanctions usually take the place
of penalties for breach of law
THE DISTRIBUTION OF WEALTH.
by w. L. Crum Brings out numer-
Gus significant facts concerning tax
able estates-their distribution as to
size and as to form of property.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
tReprinted From Late Times Yesterday,

theprinted from Late Times Yesterday
The prices quoted are paid for stock
gathered in the country. while delivered
in indianapolis the price Is a cent higher.
Heavy breed hens, ice: Leghorn breed
hens. lac; colored springers 2 lbs and
up. fun feathered. ale: Leghorn springers
bareback broilers. heavy type i5c: old
cocks. &C.: ducks, white, lbs. and over
&c; geese, fun feather. all sizes SC; all
guineas, ia lbs. and up, l5c; No. ] strict
" fresh eggs less of fTc; delivered in In
dianapolis. isc Each full case must weigh
IS lbs. gross: = deduction Of 10 cents a
pound under S. lbs. will be made No 1
butter. asa q Sole; No. 2 asa Q27iae.
Hulkerlat. Csc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
RAILROAD EQUIPMENT
INDUSTRY PICKS UP
Retirements of Rolling Stock Great
er Than Requirements.
Times Special

NEW YORK, May 16,-Revival of
the long-dcpressed railroad equip
ment industry is gathering momen-
tum, although most companies,
especially the rolling stock builders,
are still unable to realize worth
while profits, according to a current
analysis by the Standard Statistics
Co. Inquiries for equipment. which
slackened in March. have picked up
appreciab.y in recent weeks. Con-
tracts placed thus far in 1886 show
a wide expansion over the early
1885 business volume.
Meantime, the basic elements af-
fecting demand for original equip
ment and replacement items are at
tanning a'potency that can not long
be denied With retirements of roll
ing stock running far ahead of re-
placements, inventories of service
able units continue to shrink.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
REALTORS OF 5
STATES COMING
To CONVENTION
Regional Program Set for
Real Estate Week,
May a. 80.

Realtors from five states of the
Great Lakes region are planning to
attend the second annual regional
convention TO be held in Indian
apolis on May % and 90. The an
nual conferences were inaugurated
last year by the National Associa-
ton Of Real Estate Boards.
In connection with the national
meeting, the civic affairs commit
tee Of the indianapolis Real Estate
Board. headed by Norman Metzger,
vice president of the Fletcher Trust
Co., has designated May "a to 30 as
Real Estate Week in indianapolis.
Real estate associations from Il
linois, Indiana, Kentucky. Michigan
and Ohio, comprising the region,
are cooperating with the National
Association and the indianapolis
board in completing final arrange
ments for the convention. Attend
ance is expected to exceed last years
mark.
Breakfast Proposed
Robinson Allison, president of the
Indiana Real Estate Association,
has proposed breakfast meeting
for the opening of Real Estate
Week, the first ever to be held in
Indianapolis.
Many prominent speakers are to
be presented during the two-day
session. Walter w. Rose, Florida,
president of the National Associa-
ton, and Walter S. Schmidt, Gin
cinnati past president, are to deal
with broad factors of the present
outlook and point to the path of
real estate advance.
Leo B. Varty president of the
Chicago Real Estate Board, is to
talk on current leasing practices.
Percy Wilson. Chicago, general
manager of the real estate division
of Marshall Field & Co., and j. r.
Schackne, Toledo, former president
of the Toledo board and the Ohio
Association of Real Estate Boards
are to discuss returning rental prop
critics TO a profitable basis.
Plan Group Meetings
Besides the general sessions there
is to be six group conferences. They
include financing, farm lands, brok-
erage, appraising, property manage
ment and home building.
Meeting for the first time since
1881, secretaries of the real estate
boards are planning to hold their
national conference simultaneously
with the Great Lakes regional con-
vention.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
BuSigrabhS
SHARES TRADED
ON NY. STOCK EXCHANGE
BY Lyons & Coz

Stock transactions on the New
York Stock Exchange dropped con-
siderably in April from the fairly
high rate of transactions in the
previous months. In spite of this,
nearly twice as many shares were
traded than year ago. while trad
ing IN the first four months OF this
year was three times greater than
the same 1885 months. The fact
that che drop in stock prices was
accompanied by lighter sales indi-
Gates that the decline in stocks mas
been only a corrective reaction.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
Trends
Housing Problem Is
Neglected by
Builders.
by JOHN T. FLYNN.

NEW YORK, May Ex-senator
IN Wagner is trying to get a
housing bill through Congress. 1t
Il very inadequate bill. But the
Sehator has been a valiant cham
pion of housing and he knows that
this Ia the best he can do.
OF al the failures Of the last
three years, the rosy dreams Of
housing sIpply the saddest. Yet
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16

here lies the
instrument of
recovery that
the mind of
man can in
vent in our
greatest single
system.
For y e a r S
h ouses have
been fallin g
into disrepair.
Houses grow
old and frail.
And with out
paint and re-
pairs they grow
older m u C h
quicker. H ow
many h ous e S
have gone into
the disc a + d
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
TEXTILE ACTIVITY GAINS
Increase of Per Cent Reported
During First Quarter.
Times Special

tWcS SpCCidt
NEW YORK, May 16.-Te::tile mill
activity increased by approximately
9 per cent during the first quarter of
1886 over the corresponding 1885
period, according to Textile World
Cotton, wool and rayon ali showed
gains. Silk was the only fiber for
which consumption was lower.
Several branches of the industry
are nearing production, with
the inevitable weakness resulting in
price structures. The textile mill
activity thus far this year has been
maintained at higher rate than
justified by demand, it was re-,
ported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
DIXIE BUILDING HOMES
Times Speciq

ATLANTA, Ga. May 16.-Build-
ing permits in the Sixth Federal
Reserve District for the first quarter
of 1886 were the largest since before
the depression, according to the At
lanta Federal Reserve Bank.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16

these last five years would be diff
ficult to guess. The number must
be staggering. But meantime the
population has increased. The need
for houses grows, yet the private
building industry does little or
nothing about it.
CLEVELAND is the only city
~ which has had the intelli-
gence TO keep continuously in
formed about its housing situation.
The Real Property Survey which
goes on there all the time keeps
the property owner and the inves-
tor and the city in close touch
with its realty situation.
That survey recently showed
some interesting facts about Cleve-
land. For instance it showed
this
In the last four years 2417
houses, or rather dwelling units,
we're built. But 1904 were torn
down. Thus Cleveland now has
less dwelling units than it had
four years ago. Yet the population
has increased several thousand in
those four years.
DUT it revealed another inter-
- esting fact There are 314,-
220 dwelling units in Cleveland.
Back in 1882, there were nine out
of every 100 of them vacant, Now
there are only three. The vacan-
cies are disappearing. There must,
of course, be vacancies, There will
never be precisely the same num-
Der of families and houses. AS a
matter of fact there are no bona
f1de vacancies in Cleveland, be-
cause 5000 of these houses we're
found unfit for human habitation.
Here is another fact. There were,
as l have pointed out, 9765 houses
vacant. But there were 1851 families
doubled up--two families living in
single house. If these families all
lived IN their own homes there
would be literally no vacancies.
II
A SITUATION like that must
l. A of course soon lead to some
one putting up some houses. But
what you can not help asking is
why have not the private builders
of Cleveland begun building very
actively in this situation?
The direst need, of course, for
houses is in the poorest type. And
private builders can not make
much of a profit building such
houses. Senator Wagner wants to
have the government finance low
cost construction for low-income
groups to give an impetus to this
kind of building, After all the talk
about housing and building heard
since the beginning of the depres-
sion one might suppose that the
time was pretty nearly here for the
government to do something.
Copyright. 1896. by NEA Service. Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
CARPENTERS BUSY
Times SneninI

Times Special
WASHINGTON. May 16.-Build-
ing permits for 234 one-family
houses were granted in April in the
District of Columbia. breaking a six
year record.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
Local Securities

tBy indianapolis Bond ana Share Corp.)
me following quotations do not repre-
sent actual bids or offerings. but mereGv
indicate the approximate market level
passed ON puying and selling inquiries or
recent transactions
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
STOCKS
LOCAL CASH MARKET

tReprinted From Late Times Yesterday
City grain elevators are paying s6 cents
for No z soft wheat. OtneT grades on
their merits. Cash corn new No yellow
SIS cents and oats 18 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
Met Rigid Requirements

Mr.. Morgan said that the appli-
cation of the Railroadmen's to fed
eralize was accepted only after the
most rigid examination of the asso-
cations solvency. policies and man.
agement He explained thai with
drawals can be made 30 days after
a written application is filed with
the association.
Fred T. Greene. president, and B.
F. Burtless. secretary treasurer, rep
resented the Indianapolis Federal
Home Loan Bank at the sharehold-
ers meeting. Mr. Greene stated
that his organization is the credit
reservoir for building and loan as
sociations of Indiana and Michigan
and that 167 of them are members
of the bank.
There are 343 state-chartered
building and loan associations in
Indiana and SO Federal savings and
loan associations in the state, ac-
cording to report of the Depart
ment of Financial Institutions.
The Railroadmen's is 40 years
old. having been formed in 1887. It
is the third largest institution Of
its kind in the United States and
the first of the large ones to feder-
aliZe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
Investment Trusts

Reprinted From Late Times Yesterday
(By Thomas D. Sheerin &, CO..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
CITY NOW Has
LARGEST U. s.
LOAN SOCIETY
RaiIroadmen'S Building and
Savings Association 10
FederaliZe.

Indianapolis today has the largest
Federal savings and loan association
in the nation following action last
night of the shareholders of the
Railroadmen's Building and Savings
Association. who approved the con-
version of the institution from
state to a United States chartered
organization.
Henceforth the institution is to be
known as the Railroadmen's Federal
Savings and Loan Association. II
has approximately $1,000 share
holders and assets of about $780,
100000.
Practically the only changes that
are to result from the conversion,
according to Fermor S. Cannon,
president of the association, are to
be the insurance feature and the
government supervision and exam
nation. The personnel is to remain
unchanged and investing sharehold-
ers are to hold investments of like
amounts in the new Setup as in
the old association.
Supervised From Washington
The Railroadmen's is now to be
supervised from Washington and
is to be examined by representa-
tives of the Federal Home Loan
Bank Board. As a state-chartered
institution, supervision came from
the Building and Loan Division Of
the Indiana Department of Finan-
cial Institutions
Shares up to maximum of $4,000
are to be insured through the Fed
eral agency.
The meeting of shareholders was
held in the Claypool and was adj
dressed by Mr.. Cannon and by
Nathan v. Morgan, field represent
alive of the Federal Home Loan
Bank Board
The most important result of the
liberalization, Mr. Cannon said, is
the credit expansion. AS state
institution the Railroadmen's could
borrow up to 20 per cent of its
credit liabilities from the Federal
Home Loan Bank. whereas now its
credit is extended to IS per cent.
The new charter also makes it pos
sible to use credit available in the
Home Owners Loan Corp. on a
three to-one basis. Thus. Mr. Can
non, explained, ample funds are
available for persons of the COM
munity wishing to borrow for home
building, remodeling, moderniza-
ton and repair work
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
Receipts. 500

t90-l70l Good and choice . 1000 AIS
Common and medium 3006 400
Sheep and lamb quotations on clipped
baSis.1
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
(Reprinted From Late Times Yesterday
DAILY BOND INDEX
u. S. GOVERNMENT BONDS
(By Abbott. Proctor g. Panel
Tre2 SurUS
Home Owners Loan Corp.

sLs 1e4a .1 O1 % 101 q
S 1852 ... 1929 102.2s
Federal Farm Mortgage Corp.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-16
CHICAGO GRAIN FUTURES

tBy James Z. Bennett 4 CO..
The Redwood gazette., 1936-10-29
zee By The Gazette

| Mr.. and Mrs. Amos Peters, par
ents of Mrs. H. C. Wood and her
brother and sister-in-law, Mr..
and Mrs L. 0. Peters, of Chicago
lare spending the week at the
Wood home.
! Miss Ferne Byram entertained a
group of friends at dinner Sunday
night. The guests were Misses
Luella Kamholz, Toy Wangen,
Marian Tenney, Luvera Draeger
and Verna Levinske.
MIR. and Mrs. r. F. Byram an
nounce the engagement of their
daughter, Ferne to Russell De
Mars of Staples. The marriage
will take place at 8 a. m. Saturday
at ST. GATHERINGS Catholic church.
The Priscilla class of the Meth
odist church met Monday evening
at the home Of Mrs. A. w. Ed
wards. The devotional service was
given by Mrs. w. D. Weldon. Dur
ing the informal social hour re-
freshments were served by Mrs.
Edwards, Mrs. Anna Roper and
Mrs. Phares Schoch.
Miss Margaret Mitchell, sister
of Mrs. M. A. Ebright, who for
a number of years was an instruc-
tor at the State University at Nor
man, Oklahoma died at her home
there Saturday. Funeral services
were held Monday and burial was
at Monroe, Iowa, where her moth
er who died few weeks ago was
buried. Miss Mitchell often visit
ed her sister during her residence
here.
The Delhi-Ramsey Nutrition II
group met at the home of Mrs. Os-
car Galstad Friday under the lea
dership of Mrs. Earl Bliss and
Mrs. Galstad who demonstrated
the making of seasonal salads.
The following members were pre-
sent at the meeting: Mesdames
Louis Hoffman, Pearl Fuller, P. E.
Dirlam, Ed Sinclair, Harry Brown,
G. D. Clipfell, Ambrose Van Zant,
Leo Schotzko and Misses Irma
Johnson and Margie Bliss. Visit
ors attending were Mrs. Harry
Thomas, Mrs. Grant Smith and
Mrs. Claus Maurstad. The next
demonstration will be on milk and
cheese dishes.
The Redwood gazette., 1936-10-29
Students Spend
Weekend At Vesta
BY Martha Gertejansen

Vesta-Among the students who
came from their respective schools
to spend the weekend at the
homes Of their parents are Harold
and Burton Wyman, Duane Nc
Connell, Miss Margaret Montgom-
cry, Misses Doris and Dorothy
Peterson, Kenneth Peterson and
Miss Linda Sickman.
Mrs. Erwin Mock left last Friday
for Excelsior Springs, Mo. where
she is staying at the McCleary
Sanitorium.
Mr.. and Mrs. Peter M. Drees
and DR.. and Mrs. T. F. BARLEY
were Minneapolis callers Satur-
day.
Miss Norma and Donald Smith
of Brainerd spent from Saturday
until Tuesday at the Christ Sch
lemmer home.
Mr.. and Mrs. I. Hirschfield and
daughter, Francis of Tracy were
dinner guests at the Benjamin CO.
hen home Sunday.
Guests at the John Jaros home
Sunday were Mr.. and Mrs. Louis
Larson of Lucan, Mr.. and Mrs.
Ernest Salfsberg and family of
Wabasso and Mr.. and Mrs. Joseph
Jaros.
MIR. and Mrs. William Nelson
and family were Redwood Falls
callers Saturday.
Mr.. and Mrs. H. Drees and chill
dren of Chaska were guests at the
Peter M. Drees home Tuesday and
Wednesday.
The members of the nutrition
project met at the H. M. Mattson
home Wednesday.
Mr.. and Mrs. William Rehling
Mr.. and Mrs. Ferd Werner, and
Mr.. and Mrs. Fred GertjejanSen
visited at the Gus Kremin home
Sunday evening.
Mr.. and Mrs Larkin Paskewitz
of Seaforth and Mr.. and Mrs. Ell
mer Benson of Lucan were dinner
guests at the George Paskewitz
home Sunday.
Among those from here who at
tended the Catholic church bazaar
at Seaforth were Mrs. Nick Engel,
Miss Angeline Gales, Joseph En-
gel, Mr.. and Mrs. Peter M. Drees
and Jackie, Peter Drees and Mr..
and Mrs. Arthur Warlop.
The Presbyterian Ladies Aid
met at the E. N. Montgomery
home Wednesday with Mrs. Peter
Barber and Mrs. Paul E. Lemcke
assisting Mrs. Montgomery as hos
tess.
Rev. and Mrs. j. S. Kettlewell
of Litchfeld spent Monday and
Tuesday at the c. L. Jaroson
home.
The Redwood gazette., 1936-10-29
Gets Aged Fish
That Noah Missed

Granite Falls-A fish that might
have bitten on the bait cast into
the water by Brother Noah made
its second appearance at Granite
Fails where it was picked up by
c.. H. Wilson. During the passing
of the years this aged fish has lost
all but its head, and that has be-
come like stone. However, the
contour of the eye sockets remain,
as does also the socket where the
vertebrae or backbone was at
tached to the head. This petri-
fed fish head was found in the
ditch the city crew is digging
along the river bank at depth
of IA feet.