davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
DISTRIBUTION CORP,
FORMED AT BOSTON
Cooperative Store to Be
Part of Business Life.
.BU United Press

By UntteG Press
BOSTON, Jan. 25.-The co-opera-
tive department store soon will be
part of American business life it
was indicated today as Edward A.
Filene, Boston merchant, announced
formation of the Consumer Dis
tribution Corp. to carry out the
project.
The corporation is capitalized at
$1,000,000. The plan calls for locally
owned cooperative enterprises with
funds deposited in the home city
The new corporation will not be a
holding company, but will offer a
service for all stores of centralized
buying, research and expert assist
ance in management, public rela-
tons and similar functions The
firm would be turned over to the
cooperative stores in 10 ye4rs.
Mr.. Filene disagreed that the CO.
operative would harm retail trade,
but said it would stimulate all sales
by squirting retailers to better
methods.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
BANKER FLAYS
HIGH TAXATION
OF INSTITUTIONS
MyIander Addresses A B. A.
Eastern District
Meeting.
BIZ United Press

By united Press
PHILADELPHIA, Jan. 25.-Bank-
ers today pondered assertions that
taxation of banks may reach the
point of threatening or destroying
their solvency, following the speech
yesterday of Charles H. Mylander,
vice president of the Huntington
National Bank of Columbus, O., be-
fore the Eastern District meeting of
the American Bankers Association.
Mr.. Mylander said that in the ifs
cal year ended June 30, 1884, taxes
on national banks averaged S1l.89
on every 500 of net operating earn
ingS before taxes, and in seven of
the twelve Federal Reserve Dis
trictS the average was higher. In
those same districts, he said, the
greatest number of bank failures &C.
CURED in 1920-1933.
Mr.. Mylander urged bankers to
make the public realize "the self
evident truth that banks, dealing
as they do only in intagible prop
erty; are not proper subjects for
property taxation; that the true
measure of the prosperity of bank,
and therefore its ability to pay taxes
are the earnings it can make; and
finally that with all banks now
bound together in the great expert
ment of Federal deposit insurance,
continued Federal supervision of
bank taxation through an un-
changed and unmodified Section
5219 is imperative.
A. G. Brown, president of the
Ohio Citizens Trust Co., Toledo, re-
minded the conference that the only
way to get the government out of
the lending business is to demon
strate that banks are able and will
ing to assume sound credit risk.
Governmental influence in the
field of private lending will be
halted only after it is generally
acknowledged that there is no need
for it's participation" he declared.
George F. Rand, president of the
Marine Trust Co. of Buffalo, also
urged banks to strive to regain
lending business.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
SECURITY GIFTS
SHOWN BY SEC
Hudson Official Gives Away
S1,O5O,O0O in Stock,
Report Says.
By United Press


WASHINGTON, Jan. 25.-Roy
D. Chaplin, former Secretary of
Commerce and head of the Hud-
son Motor Car Co., gave away 10000
shares of Hudson stock, worth ST.
050,000, in November, reports to the
Securities Exchange Commission
showed today.
Numerous other gifts of securities,
possibly in anticipation of higher
gift taxes effective Jan. 1, were re-
ported by other corporation heads.
Among the larger were:
w. N. Reynolds, director of r. j.
Reynolds Tobacco Co., gave away
10000 shares of Reynolds Tobacco
B stock and 100 shares of A stock;
worth $1,746,20O.
John Tysfowski, New York City,
gave away 5000 shares of common
stock of Woodward g. Lothrop,
Washington Cd. c. department
store.
H. Raymond Brown, New York
City, gave away 5000 shares of Bick-
fords, Inc, common stock.
Among other transactions, Chesa-
peake Corp. was shown to have ex-
changed for other securities during
November, 22,642 shares of it's hold
ings of Chesapeake & Ohio Rail-
way Co. capital stock, reducing
them to 3,656,571 shares. E. S. Ev-
ans, Detroit, sold 5000 shares of
Evans Products Co. common stock.
Leasing j. Rosenwald, Philadelphia,
sold 3377 shares of Sears Roebuck
& Co. capital stock, reducing his
holdings to 63,799 shares.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
WEEKLY FOOD INDEX
CONTINUES DECLINE
Wholesale Prices Drop 8 Cents TO
$2.66 During Week.

Times Special
NEW YORK, Jan. 25.-A further
loss of 3 cents, marking the third
successive decrease in the weekly
food index, brought the figure down
to $2.66 for the week ended Jan. Z,
the lowest since July 30, 1885, Dun
& BradStreet, Inc, announced to-
day.
The decline during the last three
weeks amounted to Is cents, or At
per cent. The current index is
cent under the s267 figure recorded
in the corresponding week of 1895,
marking the first time that the
wholesale food price level has been
below the corresponding period of
the preceding year since April, 1929
The decline during the week was
largely due to the sharp drop in
cheese and mess pork, and smaller
losses in rye, bacon, butter, eggs, po-
tatoes, steers, sheep and lambs. Ad-
vances were regiseted in corn, oats,
lard, sugar, coffee, cottonseed Oil,
beans and hogs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
AUTO FACTORY SALES
HIGHER IN DECEMBER
Cars Manufactured in United States
Total 4,009,486 for 1885.
By United Press

by OnltcU PreSS
WASHINGTON, Jan. 25.-Fac-
tory sales of automobiles manufac-
tured in the United States rose to
407o04 in December, bringing the
years total to 4,009,486, the Com
merce Department reported today.
The total compares with 2,753,111
in 1884. December sales in 1884
were 153,624 At the same time the
department reported an increase of
$7,483,914 in exports of automotive
products during the month of No.
vember from the preceding month.
November auto exports reached a
valuation of 22,403,72 This is the
peak figure for any corresponding
month since 1929, when the export
total amounted to $27, 129, 1868.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
KEYLESS LOCK co.
SELLS LOCAL PLANT
Factory to Be Remodeled for Steel
Equipment.

Sale of one of the plants of the
Keyless Lock Co.. Pike and Hovey-
SITS. to the Baxter Steel Equipment
Co. has been announced through
the industrial commission of the
indianapolis Chamber of Commerce.
Transfer of the property is to be-
come effective Feb /, according to
r. Norman Baxter, who will be sole
owner and general manager of the
new industry. The Keyless Lock
Co. will continue in business under
the ownership of Arthur R. Baxter,
but will not manufacture its prod
ucts, it is understood. The firm,
however, will continue to operate
from it's other plant at 140l New
man-st.
Under the new management the
plant will produce steel furniture,
lockers, utility cabinets and store
equipment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25

paign, elections, Congresses, argu-
ments, charges and defenses and
the number reported out Of employ
ment is still about II 100000. Hard
ly a dent.
OF course III those four years
the tide of out-of works rose. 1t
was about 15,600000 at one time,
April, 1898. Now it is 1850, 900.
That is an improvement.
TT means about 100000 gain on
l. this appalling flood of unem-
ployment. But the dark figure of
more than 100000 others still
seeking work is there to plague us.
What is the explanation?
For one thing, during these years
youngsters haven't stopped growing
older. Each month a whole flock
of boys and girls arrive at the age
when they are ready to look for
work. Each year the schools pour
out countless thousands Of them to
join the ranks of the unemployed.
Between 1880 and 1885, the popu-
lation seeking work has been in
creased by 100000.
If there had been no increase
whatever in the working population
we have a right to assume that the
10000 out of work in January,
1882, would be now cut to 1900, 900.
AS matters stand, to get back to a
condition where unemployment
would be normal-about 100000
we would have had to create jobs
for at least 100000 of those out
of work then and another 4,000,-
600 jobs for the newcomers in in
dustry.
DUT in the months since 1888.
ID when, through government
spending, business began to revive,
industry, as it expanded, began to
put more men to work But as 1t
did this it began to displace others
with its chronological improve
ments-putting in new machine
aids to work. Therefore instead of
creating new jobs industry has
been destroying jobs.
It is easy to criticise business
men for this. But it is natural for
the business man to seek the
cheapest way to do business. AS
prices of raw materials have risen
business men have felt an addi-
tional urge to cheaper productive
processes.
The quickest way to do this is to
improve machinery. This has gone
on at rapid rate. This then
chronological improvements plus
the rapidly rising number of en-
ployables-is what has kept the tide
of unemployment from shrinking
as fast as business has improved.
Does it not look as if, what
ever may happen to us, this I'M
employed army is to be with us
a long time and that we had bet
ter be about the business of man
aging it as a permanent prob
lem?
Copyright. 1886 by NEA Service Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
On Commission ROLU

(hepriuteu rTOm Law AihhSS AcStcHudyi
Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers:
ton D'Anjo. sS.25. Calf avacados, $3.50.
Bananas-Seven hands, pound. 5l4c. Per-
Jonathans, $3.50. Delicious. s125. Veal
thys SIPS Grimes Golden, sl.25. Lemons
-Sunkist. 360s, So so. Grapefruit
Texas, 61s to los, So so, Arizona Sunkist
s2.75. Limes-Mexican, carton las. 22c.
rapes-Emperor. lug. 50; fancy Emperor,
vegetables-Beans green, round string
less bu.. $3.50. Beets-Texas, 3-doz. crate,
$3.50. Sabbage-New York Danish, 50-lb
bag, Soc. Caulifiower-Californis, crate,
$3.50. Cabbage-New York Danish. 50-lb
bag SOC california. crate,
SITS. Celery-Michigan. washed and
trimmed, doz.. soc; Jumbo. doz., S5c.
Cucumbers Southern, bu., Sc; doz:, si.15.
Kale-Virginia, bu., 6sc. Lettuce-Iceberg,
is-lb, basket $50: Endive.caiitcTniiaa
small basket. sI.25. Mint-Bunch, 2Oc.
Mustard-Texas. bu., sl.35. Onions
Indiana yellow. 5o-lb. bag. s115; Indi-
ana yellow i0-lb. bag, 25c. Parsley
southern, doz., soc. Peas Telephone.
hampers. $2.75; Texas hampers, s2.50 Po-
tatoes-Round Cobblers. 1o0-lb. bag. $l.60;
Michigan Round White, 10o-lb. bag, 81 90:
Early ohios. bu., si.75:- Idaho Russets.
s2ss Sweet gC,ssoesIndifms Jerseys
baskets. 400 SOC. sage0Doz.. 45c. Spinach
s2.so. Tomatoes-lo-lb basket repacked.
Sl.2S; BIB. basket. Si.35
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
Produce Markets

(Reprinted From Late Times Yesterday
The prices quoted are paid for stock
gathered in the country. while delivered
er Heavy breed hens, Ice: leghorn breed
bens. l2c; Leghorn springefs. i3c: old stays,
ltc: old COCKS. &c; Ducks. white. lbs,
End over, lie; under lis. &C: geese full
over IL lbs. &C. All guineas ia lbs. and
UP 20c. Turkeys-Young hens. lbs. and
up. zoe: Young toms. IL TO Is lbs. tic
hens. lie: old toms. lac. No strictly
fresh eggs, loss of. Ice: pullet eggs lac
Each full case must weigh SIS lbs. gross,
No. ,, 35J34c. Butterfat. sac Quoted by
2 DEDUCTION OF 10 cents . pound under
the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
NET LOSS REPORTED
Kelvinator Corp. Loses S153,001.74
in First Fiscal Quarter.
Times Specid

DETROIT, Jan. 25.-The Kelvin
ator Corp. today reported net loss
of $153,001.74 for the first quarter,
ended Dec. 81, 1885, of the current
fiscal year, after all charges, de-
probation and interest.
This compares with a net loss of
$500, 32213 for the same period of
the previous fiscal year. Directors
of the corporation have declared a
dividend of 1919 cents a share, pay
able in cash April to stockholders
of record March 5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
RICHFIELD SALE SET
u. S. Court Decision Clears Way for
Liquidation of Oil Firm.
BIZ United Press

SAN FRANCISCO, Jan. 25.-A
United States Court of Appeals deci-
sion cleared the way today for sale
of the Richfield Oil Co. properties,
scheduled for Jan. 81.
The court dismissed three appeals
from rulings of the Federal District
Court in Los Angeles in the plan to
sell the properties, now in receiver
ship, and simultaneously confirmed
an application providing that bond
holders be paid $28,000,000 in full
payment of their claims A price of
s44,000,00 has been set on the
properties.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
New Business Books
Available at Library

The following new business books
are now available at the business
branch Of the Indianapolis Public
Library:
l BREAK STRIKES. THE TECH
NIQUE OF PEARL L. BERGOFF,
by Edward Levinson
survey of so years of profess
sional strike breaking and especially
the career OF the King Of the Strike
Breakers.
LORDS OF CREATION,
by Frederick L. Allen
The general theme is the immense
financial power which became con-
centrated in the hands of a few COM
manding f1nanciers.
TAKE 1T EASY,
by Walter B. Pitkin
For people who are working too
hard; for people who worry; for peo-
pie who grow tired early in the day;
for people who complain of aches and
pains all over, etc, etc.
YOU, PUBLIC UTILITIES AND THE
GOVERNMENT,
by Ernest Greenwood
What will be the effect not only on
the public utilities but on all busi-
ness and industry If the Federal gov
eminent succeeds in its plans to get
control of all the sources of electric
light and powers
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
BnSigraphS
Trend OF

House rents are going steadily up
ward. Many cities report an actual
shortage of well-located single-fam-
lily houses. The low point in house
rents was early in 1884 Since then
the trend has been upward with
scarcely a break, amounting to a
IL per cent increase. On the other
hand, rents are still 90 per cent
lower than at the end of 1929 and
e per cent below 10 years ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25

pairing for their
great presuen-
tial struggle.
They pictured
the d e pre- ssion
and promised
what they would
do about it. To
m o S t people
the depression
meant men out
of work.
There W e r e
11,925,0o0 re-
ported out of
work by the
American Fed
Grafton of La
Dor then. -Four
wears of cam
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
Trends
Unemployment Seen
as Permanent
Problem.
by JOHN T. FLYNN.

VXTASHINGTON, Jan. 25.-To
w mysteries there is no end.
One Of the current ones is that we
grow more prosperous, but that
Unemployment fails to shrink.
More men go to work, but the num-
Der who seek relief or government
work diminishes hardly at all.
Four years ago-January, 1882
our political champions we're pre-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
TIRE FIRM SHOWS LOSS

AKRON, Jan. 25.-The General
Tire and Rubber Co. today reported
a net loss of s115.756 for the fiscal
year ended Nov. 30, 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
Local Securities

are unlisted on an Exchange, The Times
can not assume responsibility for the ac-
curacy Of these figures gathered from
local brokers.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25

LOCAL CASH MARKET

CITY grain elevators are paving g5 cents
for No. soft wheat Other grades on
their merits. Cash corn new No. yellow
SO cents and oats u cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
TOWNSENDITES
ExACCERATE IN
PENSION CLAIMS
0Id-Age Arguments Are
Sincere but Loose,
Flynn Says.

This Is the third and last Of a series
of articles on the Townsend old-ags
pension plan.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
FOREIGN
Unlisted Stocks

Reprinted From Late Times Yesterday
fBy Blythe q co..
NEW YORK BANK STOCKS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25

lsO-175) Good and choice 1000 500
Common and medium ...... 5000 400
Yearling wetherS. good choice 5000 $50
Medium -................ 1000 800
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
Common and medium 49,. 4.OO@ 45(
SHEEP AND LAMBS

Receipts, 1000
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
Report of the Condition of the
Security Building & Loan
Association

of Indianapolis, Marion County, In
diana, at the close of business on
December 81, 1885.
RESOURCES
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25
". Y. Bonds
Reprinted From Late Times Yesterday
DAILY BOND INDEX

Copyright, 1886, by Standard Statistics.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-25

(250-500) Good and choice 7006l0.00
Common and medium 4.50@ TOO
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-09
HOGS CONTINUE
UNEVEN TREND
Medium Grades Mostly 10
Cents Higher; Others
Around Steady.

The pork market again continued
to display an irregular trading
range today at the Indianapolis
Union Stockyards despite a light
supply of receipts on hand. Weights
ranging from 100 to 275 pounds
were generally 10 cents higher, while
heavier and lighter classes held
steady.
Receipts were estimated at only
$500. This apparently had no eff
feet on the local market as trade
developed slowly and buyers were
hesitant in making early purchases.
The supply was slightly heavier at
the IL major surrounding liestock
centers. Today the total was $4,000,
compared with only $4,000 a week
ago. Holdovers here numbered 1903.
The general bulk of 100 to 225
pounds cashed in at SLOTS to $10.85.
The latter also was paid for choice
weights. Other classes from 225 to
260 pounds sold at $10.45 $l0.70
Extreme heavies, from 300 to 400
pounds, brought $3.50 to $500. Light
slaughter pigs, from 1870 to 100
pounds, were salable at 1915 to
S1025. Light lights, scaling 100 to
100 pounds, sold at SO to $3.50.
Packing sows held at $875 to 1925.
The cattle market was irregular,
with steers and heifers around
steady and beef cows weak to lower.
A single load of steers sold at $11,
while others ranged mostly from
$3.50 to 1925. Heifers sold down.
ward from ST. Beef cows ranged
from SIS to Sc. Receipts were 900.
Vealers continued unchanged, with
the bulk of good and choice kinds
salable at $3.50 to &c. Receipts were
500.
The lamb market was strong to
mostly Is cents higher on choice
fed Western classes. The bulk of
these grades sold at $3.50 to $685..
Most native classes ranged down.
ward from $3.50. Slaughter sheep
held at So to SIS. Receipts were
1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-09
Other livestock
tBy United Press

CHICAGO. March s.-Hogs-Receipts
10000. including 1000 directs: Steady to is
cents higher than Fridays average on $50
lbs. and down; little done on weights
above $50 lbs. few sales strong to 10
cents higher; sows 10 TO Is cents up: top
5000: 160-250 lbs. S10.356lO so: i4O-lS0
lbs. sl0250 1895; few 250-280 lbs, So. 900
lo.35: sows, s9@9.4o. Cattle-Receipts. Ia
weak to uneveniv lower; moderate suppiy
better grade weignis steers about steady at
sll "a l. so; early top. s11 IS: best light cat
tie sll.35. general run weak to rs cents
lower; excessive supply of heifers and
yeariing type mostly IS cents off: most
few heifers sT.50M8.25: some held well
above 50: cows. 10 to Is cents off: bulls
steady to weak: vealers about steady with
shippers paving IS SOFAS and packers most
ly s750G8. Sheep-Receipts 81 600:
lambs. slow: IS to so cents lower; heavies
of most: scattered earlv sales medium
to choice under go lbs. lambs SO 25Gg75:
no heavies sold early: sheep and yearlines
scarce; steady: choice Mexican yearlings.
SO: good to fed ewes. $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-09
On Commission ROu

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealerS)
FRUIT-strawber Florida, pint.
Howes Eatmores. 25-lb box. So Pears:
washington DAnjo zoos box. 50; Wash
Fancy Emperors l34-lb. sawdust chest).
$3.50. Lines; Mexican carton. 22c; Per-
I Aai1on seedleii 30 'doz 4Sc Dates Fresh
ssEss $3.50 AJR Gnnsthan De sisS Gr fmsy
Lemons: sanSist ssose S. eAV Grapefruit it,
Texas seedless l54s-sOsl, s4 Arizona sun
1 S5S. ,s sos, ,ss S. Tsnserines: FLORIDA
~ VEGETABLES Artichoke, California
less (hampersl, s2.75. Beets: Texas e
doz cratel, $50, cut offs lbu) ST. Brus-
S Ssls spTSSt yos ca b6nnb S se Cab
New Texas tcrate) sails. Red Cabbage
dog. crstel; So; Texas l3ls dog. cratel.
sl.6S. Celery. Florida washed and trimmed
ldoz.l, 45cG 85c; Florida As. IS. SIS, los
crate sTJs. So Cucumsers, lighthouse ldoz.l
bushen. 81; Lettuce, Iceberg Arizona
{, pest 6, Ss'' ,s42s; home grown leaf u.s.
soc; Peppers. manJoes CcrateI, 81: peck
basket, SITS; ldozl 45c Mint, hothouse
tdoz.l. use. Mushrooms lpoundl. 30c.
Mustard. Texas half crate. $3.50. Onions
indiana yellow l5o-lb. bag. 81; West
ern Spanish lso-lb. bag, SITS. oyster
plant. home grown (doz,l. Acc Parsley.
southern ,long punches dozl. 45c. Pars-
nips;. home grown washed (buschen. 81.
thalf-busheD. SOC. Peas. Florida ham.
per-, s22s; Potatoes. Michigan Round
Whites tl00-lh. bag. sl.65; Maine Green
Mountains tl00-lb. bag, s2.25: r. r. Early
Ohios. tloo-lh. bagl. 81 90: r. r. Triamphs
1l0o,lb. bag. si.s5; Idaho Russets 100
ID. bag, .S225; Idaho bakers nos boxl
$3.50; Col. Mcclures (i00-lb. bagl, s9'io:
New Florida Triumphs t5o-ib. bag. So co.
bushen D.. ST. medium (bushen. ST: Ten
nssSee Nancy Halls hampers silS: In
eiana Puerto Ricans lbushel crater 81 so.
Eadishes. home grown buttons (doz1 45c:
white, 40c. Rhubarb. hothodse ibunchl
zoe. Rutabagas. northern 50-lb bag
s5c. Sage tdoz.l. 45c. ShaDots Louisiana
ldoz. 45c. Spinach New Texas fbushen
81. Turnips. home grown washed bushell
81 80. Tomatoes repacked tl0-lb. box
$i.35Gi.60: original Cuban l30-lb. luigi. ST.