davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Other Livestock
(Bv Times specian

LOUISVILLE, April 10-Cattle-Re-
ceipts, 125 all classes of Slaughter cattle
scarce; demand fairly broad: market
ouotable fully steady: bulk common to me-
dunn grade steers and heifers $500 Z 50:
one. stable lot around 675-lb heifers
sI.7s; another ptlckage of around 600-lb
yearlings. IS, and best fed steer uuotable
higher; bulk beet cows. s4;75a5.75; prac-
teal top, So: smooth heifer type cows
ouotable higher: low cutters and cutters
mostly s.. 5004 so. sausage bulls generally
S., 5o9 6.25: light beef type stockers and
stock calves mostly S. $500 so Calves
Receipts, 400; including 60 stock calves:
market not fully established: good to
choice vealers out Of first hands yesterday
mostly sSns; few SO So. stable number
Of choice vealers out of second hands to
local PACKERS late yesterday, $3.50. with
odd head higher. Hogs-Receipts, 500:
market Sc higher: better i60-235 lbs.
5000 23o-2So lbs. 5000: 25s-s0o lbs.
Slo05; 305 lbs. up. $3.50: i20-155 lbs
sIo0s: sows. ss.7o: stays mostly s650
down. Sheep-Receipts so: market gen
erallv steady on old crop sheep and lambs;
better native .vooled lambs mostly ss.50d
9: choice eligible higher; palmer grades IS
also. bulk fat wooded ewee $3.50 down;
no early sales OF spring lambs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
BuSigrubhs

For nearly three years excess re-
serves have been climbing to a
height never before experienced in
our banking history. The average of
the last five months has exceeded
three billion dollars, an amount five
times that which supported the
great borrowing spree of 1928 and
1929.
Today 1t Is the pressure of idle
money which is causing such low
yields on investments. A balanced
economic condition requires tina
both money and labor be well en-
ployed and receive normal returns
for their employment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
VOLUME OF BUSINESS
FAILURES INCREASES
Total Reported at 221, Compared
With 1874 Week Ago.

With 1874 Week Ago.
Times Special
NEW YORK, April 10.-The total
volume of business failures in the
United States during the week ended
April 2 increased to 221, compared
with only 1914 in the preceding week,
Dun & Bradstreet, Inc. announced
today. A total of 1892 defaults has
been recorded so far this year, a
drop of Ill per cent, when con-
trasted with 3411 for the first IA
weeks of 1895.
Manufacturing and wholesale in
SolvencieS continued to show a ten
dency toward higher levels, when
comparison was made with their
average for the last ID weeks. Con-
struction failures also were higher
last week, but declined in the cur
rent week.
In the retail and commercial serv-
ice groups the number of defaults
declined 6 and 3, respectively, from
their average. Increases over the
previous ID weeks average were
shown in New England, South At
lantic, Central East, Central West,
Western and Pacific sections. Sub
stantial declines occurred in the
Middle Atlantic and South Central.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10

Federal Land Bank and land
bank commissioner loans
bearing interest rates of ) per
cent a year or less.
National farm loan associations
in Indiana have not only guar
anteed thousands of first mortgage
loans to the Federal Land Bank
of Louisville, but have also acted as
agents of the land bank commits
sioper in making loans on second
as well as first mortgage security
to refinance old debts, to redeem
farms lost through foreclosures, to
finance the purchase of farms, and
for other general agricultural pur-
poses.
From May, 1888, to the end of
last year, 1920 Indiana farmers
obtained 9,297 800 from the land
bank and commissioner for the spe-
cific purpose of refinancing old
debts. This was about 80 per cent
of the total amount of loans made
by the land bank and commissioner
in the state.
Loans Endorsed by Groups
The Federal Land Bank made
12,600 first mortgage loans and the
land bank commissioner 1890
loans. Many of the commissioner
loans were made on second mort
gage security to farmers who also
obtained first mortgage loans. Most
land bank loans are Endorsed by
associations and advanced from
funds obtained by selling farm
loan bonds. The commissioner
lends from funds provided by the
Federal government
Making loans only on first mort
gage security, as in the past, the
Federal Land Bank lends in
amounts up to about one-nalf the
appraised normal value of the farm
property, while the commissioner,
lending on second as well as first
mortgage security, may make loans
In amounts up to IS per cent of
the value. The largest amount of
commissioners loans to one farmer
is $500.
Interest Rates Reduced
Interest rates on all Federal Land
Bank loans-old and new-were
temporarily reduced by an act of
Congress last summer. Where land
bank loans are made through ma
tional farm loan associations, the
rate is 31s per cent for all interest
payable in the year ending June 80,
1886 and per cent for the two
years following.
This temporary reduction of inter-
est rates on all Federal Land Bank
loans is paid for by the United
States government, which reimburses
the banks for what otherwise would
be a loss to them.
Favorable investment market con-
ditions when the Federal Land
Banks sold their last issue of bonds
has enabled the banks to offer new
loans, for the present, at the inter
est rate of 4 per cent a year. This
is the lowest rate at which the
banks have ever lent money in the
| 10 years of their history.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
HOGS DISPLAY
UNEVEN TREND
Markets Mostly Unchanged;
Packing SoWs 10 to Is
Cents Lower.

With the exception of packing
sows around 10 to IS cents lower
in spots, the swine market was
generally steady to cents higher
today at the indianapolis Union
Stockyards. The slight increase
was limited to good and choice
weights. which sold at the TOP price
of $1115.
Initial trading was light and
developed slowly due mostly to the
absence of traders who were OBJ
serving the Good Friday holiday
Practically all American, and for
eign security and commodity mar
kets remained closed today. Re-
ceipts were estimated at $500. COM
pared with $500 on hand yesterday.
Holdovers numbered 243.
The general bulk of 100 to 225
pounds cashed in at $11 to $11.1O.
while medium kinds, from $50 to 300
pounds, brought $1,000 to SOTO.
Extreme heavy slaughter grades.
scaling from 300 to 400. pounds. sold
at $10.05 to $1035. Light kinds.
from 100 to 100 pounds, were salable
at S1025 to $10.75. Packing sows
held at 1925 to 1915.
Cattle Trade Active
With receipts estimated at only
300, trading was scarce and active
in the cattle market. Heifers and
steers were steady with cows and
bulls strong. Most steers of COM
mon and medium quality sold at
$3.50 to 1925. Odd head held at
$3.50. Heifers ranged from So to
$3.50.
Veal prices we're largely so cents
higher than yesterdays best aver
age. The bulk of better grades
cashed in at $3.50 to $1,000. Re-
ceiptS numbered 400
Faced with a limited supply, the
lamb market was active and strong
to IS cents higher. A single deck
of shorn lambs, averaging Sc pounds
each, sold at 1925. Few common
and medium wooded skins brought
$3.50. Scattered spring grades were
valued at 81 to SIS. Slaughter sheep
were scarce. Receipts we're 800.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
TRADE CUT BY
FLOOD DUE FOR
RAPID RECOUP
Business Index for April Is
Expected to Reflect
Repair Work.

Times SpeciGT
NEW YORK. April 10.-The most
important single factor affecting
business last month was the food
condition prevailing over a large
portion of the industrial Easo,
Standard Statistics monthly ststis-
teal summary said today.
The sections most heavily hit
were western PENNSYLVANIA. the
Ohio Valley and the Connecticut
Valley. Central New York and
eastern Pennsylvania suffered. bus
the damage was largely to indi-
viduals rather than to the larger
industrial enterprises, the report
stated. In spite of the large
amount of damage the general level
of industrial activity was lowered
but little.
Many Groups Affected
Industrial production in March
was around 1855 (1926 equals 1000
as compared with an estimate the
first part of March that the in
dex would be at 80.6. This same
flood factor will have a stimulate
ing effect on April business, with
every energy in the devastated sec
tons bent on rehabilitation.
Supplying materials with which
to repair the damage done by wa
ter will call for increased activity
in many different industries, par
ticularly those handling building
materials, and railroad traffic will
be occasionally heavier for the
hauling of these supplies.
Steel activity this month is ex-
pected to average around 81 per cent
of capacity. with the peak operat-
ing rate likely to be in the neigh
borhood of IS per cent. Operations
for March are now placed at 56.6
per cent and activity last April av-
eraged 1913 per cent. If the 81 per
cent estimate is realized it will mark
the highest operating rate for any
month since June, 1880.
Steel Activity May Slack
Some slackening in steel activity
is indicated for May At that time
a large part of rail requirements
will have been rolled. and demand
from the agricultural equipment
makers will probably have passed
the seasonal peak. On the other
hand. takings by the automobile
trades should be we'll maintained
through spring. April, however.
will probably mark the peak month
of steel operations until late sum-
mer or early fall, at least.
Building construction this month
will continue to record substantial
year-to-year gains. It is currently
estimated that total contract
awards, on an are basis, will show
a gain of more than 100 per cent.
with residential contracts expected
to record an even greater improve
ment.
THE automobile trade is current
ly highly optimistic over the ex-
cellent recovery in sales since more
favorable weather set nj several
weeks ago. 1t is tentatively estimated
that close to 475,000 units will be
assembled in April"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
WOMAN APPOINTED TO
GENERAL FOODS BOARD
Marjorie Post Davies Is Elected
Director of Firm

By Untted Press
NEW YORK, April 10.-Mrs. Mar
jorie Post Davies, daughter of the
late breakfast food rnagnate Charles
w. Post, became director of the
General Foods Corp. today-the first
woman director in the company
history.
AS director she will meet in a
business relationship her former
husband, Edward F. Hutton, who
resigned as chairman of the board
last December, but was reelected
yesterday as a director. Mrs. Davies
and Mr.. Hutton were divorced last
fall.
General Foods Corp. at the time
of it's organization acquired the
Postum Cereal Co., organized and
built by Mrs. Davies father. Mrs
Davies has large financial inter-
est in the company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10

after year in
the most shocking fashion. From
that simple story" he said, Il
knew that road was heading for the
bankrupt court"
If you will look back over the his
tory Of railroads for 10 years you
will see something like the history
Of the Chicago, Milwaukee 81 st.
Paul.
IRON 1926 TO 1880 they spent
H. from seven to nearly nine
hundred million dollars a year or
upkeep of their roadbeds, tracks,
stations, roundhouses, warehouses,
etc.
Since then the sum spent has
been less than half # 5000 900, 900,
as low as $325,OOOOCG one year.
What does that mean? 1t means
the property of the roads has been
deteriorating seriously.
What of their equipment? Before
1890 they spent from a billion to
billion and a half year on that
item-materials, equipment, sup
plies. But in 1891 they spent only
$700,000000 and last year it was
only $625, 100000. In 1888 it was
$450,000, or only about 30 per cent
of the expenditures in 1926. Nearly
two-thirds of the locomotives we're
bought before the war.
A LII this leads to two points
"A One is that the railroads
have built up a tremendous &C
emulation of obsolescence which
they very soon will have to look to.
And if they do, it will mean they
must come into the market as &C
tive customers of the sluggish cap
ital goods industry.
The other point is that many Of
the roads must necessarily have
weakened their properties to the
point where their solvency is seri-
ously threatened.
But where is the money to come
from to restore these rundown
roads? I know the roads will deny
that they are run down. But the
figures can hardly be denied. And
it is going to take money to re-
habilitate these great properties.
TINE credit of the roads with
l. their present capital struc-
lures is such that they will not be
able to get very much new money
from private financiers.
All this could be corrected if the
railroad problem had been looked
at realistically and, instead of
keeping up these impossible capital
loads, they had been permitted to
60 through the orderly processes of
bankruptcy and reorganization. 1t
is not too late to adopt that policy,
although it may be too late to do as
much about it as in 1888 and 1884
Reorganization would, ii fact,
deprive security holders of very lit
tie of which they are not already
deprived in fact. But it would bring
the railroads back into the markets
as buyers of capital goods.
(Copvricht 1896. bv NFA Service, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Other livestock
by United Pressl

so CHICAGO, April Hogs-Receipts,
steady to strong with Thursdays average;
choice 10000 lbs. $40. s5a1o 90: 800 i4o. eho
lbs, SIC oc 4no@lo75: 25o-3oo lbs. $40 5OG
mostly $500 s.65: smooth iightwseishts.
SS,75. Cattle-Rece pts. $500; calves. 500:
better grade steers with no reliable outlet.
others nrm. bulk selling downward ss.15:
active. fully steady; heifers in small lots,
s5.55gs; 50; koshers. s7.25 Or better: bun
bulls Sc 40: .vealers lightly $40 down: few
select, $1,000, Sheep-Receipts, 40o0 old
crop lambs mostly i5625c higher: shippers
competing;, s NTH LOCAL killers for .meager
inss. slo.75:. Colorados, i4o lbs. si0.65
around 90-lb, fall shorn lambs sl0
wooded ewes mostly s5.75, about steady:
spring lambs uneyenly higher mostly sf4h
LAFAYETTE: Ind. April 1o.-Hogs, mar
ket, steady; 170-210 lbs, Si0.soG1i: 2iO-2S5
lbs, si0.70G10 .S0: 235-260 lbs, $40. 50G
1850; 260-S25 lbs, s10l56I0. 40; 140-i70
lbs. si0.256 10 so; i00-140 lbs, So. 5oail:
roughs, $3.50 down. Calves. SOC hirher:
$3.50 down. Lambs. $40 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Produce Markets

The prices quoted are paid for stock
gathered in the country. while deliveSeS
IN indianapolis The price is a cent higher
Heavy breed hens, isc: Leghorn breed
hens, &c; Leghorn springers, lac; old
lbs and over. lie, geese fun feathered,
Al sizes. Sc ell guineas ia lbs. and mn.
lSc; No. strictly fresh eggs, loss OF. lac:
deliver In indianapolis. i5c Each full
case must weigh SIS lbs. gross, 4 deduction
OF 10 cents a pound under SIS lbs viii be
MADE. NO. butter. 34n35c; No q 3iN
see. Butterfat. 2sc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
GEN. MOTORS RETURNS
TO 1929 SALES BASIS
Flourishing Business Is Recorded
in First Quarter Report.

Times Special
NEW YORK, April 10.-Closing
the first quarter of this year with
March volume to consumers that
exceeded any months total since
May, 1928, General Motors Corp. to-
day returned to it's 1929 sales basis.
according to a company report. Re-
tail turnover during March was 49,
782 units, while world shipments
were the largest of any month since
June, 1929.
Sales to consumers in the first
quarter of 1886 increased AZ per cent
over the same period of 1885. with
unit sales of 379,95O, against 258.-
093 last year.
Sales to dealers in the United
States totaled 410.314 units. COM
pared with 301. 256 in the same quar-
ter last year. Total sales to dealers
throughout the world amounted to
500167 units, gain of approximate
" 80 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
DEATH RATIO DECLINES

New York Life Co. Pays S67, s91 ,24O
to Beneficiaries in 1885.
Times Special
NEW YORK, April 10.-A sub
stantial decline from 81 per cent in
1884 to 58.4 per cent in 1885 in the
ratio of actual death claims was re-
ported today by the New York Life
Insurance Co.
During the last year the company
paid or credited SGT ,991 ,2402 7 to the
benef1ciaries of 1904 deceased pol
icyholders. Included in the totals
are payments of 734 claims of double
indemnity benefits for fatal acct
dents, amounting to more than $2,-
$4,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
CAR ORDERS INCREASE

I EWtS NpbCfUI
NEW YORK, April 10.-Railroads
of the United States on March l
had 1929 new freight cars on
order, compared with 514 on order
a year earlier and 5019 on the
same day in 1884, the Association
OF American Railroads reported
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
FRUITS AND VEGETABLES

NnN OHltcu fTeSSi
CHICAGO. April 0.-Apples-Michiean
bu asa soc Sweet Potatoes-Tennessee
bu., Sl.l5@l.25. Beans-Florida. bu. So rs
G425. Cabbage-Tsxas. bu.. sls5@2. Peas
California. bu. hampers. s2.T5G3. Spin
ach-Texas. bu., asa s5c. Lettuce-Western
crates 5 doz.. s2.5062s5. celery-Fiorida
crate, si.75@325. Tomatces--Mexican, lug
$215T4. Caulifiower-California, crate
81 .15t1 100. Onion market (50-lb sacks
Illinois yellows Michigan yeliows and IN
diana yellows. 409 Csc. Texas yellow Ber-
mudas, 9ScnSi.05,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
CRUDE PRODUCTION OFF
Times Special

7 FHFFt NVFTFWF
NEW YORK. April 10.-Daily av-
erage gross crude oil production
amounted to 2,873,OO0 barrels for the
week ended April d. compared with
the daily output of 2,876,200 barrels
for the period ended March %, the
American Petroleum Institute esti-
mated today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
MAP Based Study by Fortune Magazine)

1t two since the United States
uona gold standard
into being yet gold still important
that financial deyuaton
sthe French
The chart indicates where the worlds gold and where
comes from The hgures for 1884 otherwise
complete Coins not shown on
countries which
single coin that
countries the
from their mnesth representing monetary
tOckS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
HOLSTERS SAVE MORE THAN
MILLION DOLLARS YEARLY YIN
DEBT REFlNANC|NG WITH FCA
Indiana Farmers Make Good Use of Farm
Credit Administrations Cooperative
Facilities Since 1893.
Times Sptcinl


WASHINGTON, April 10.-Indana farmers saved more
than S010Oo0 interest by renancng debts with
the Farm Credit Administration since its organization
Nay 1885, according analysis public today by the
FCA.
Making good use of the cooperative facilities of their
already established national farm loan associations Indiana
farmers renanced S6 900 of farm debts carrying
average interest rates of 81 per cent year. with longerm
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Trends
Rails Expenditures
on Equipment
Slashed.
by JOHN T. FLYNN

NEW YORK. April 10.-A wide
" known Wall Street invest
ment snker who made great deal
of money in he judicious buying
and selling of railroad stocks, once
showed me the records he kept on
various railroads.
One Of the important items in
these records concerned the factor
OF maintenance. In other words,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
JOINS BROKERAGE STAFF
S. A. letter Transferred to Local
Office of w. l.. Lyons. e. Co.

Syndney A. Fetter, formerly man
ager of the Louisville office of w.
l.. Lyons g. Co., has been transferred
to the indianapolis office, Russell
w. McDermott, indianapolis man
ager, has announced.
Mr., Fetter who is well known in
investment circles. was transferred
to the local office due to the in
creasing volume of business. He is
to be in charge of the investment
department.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
FRENCH, GERMAN
GOLD STOCKS DIP
Position of Bank of France
Weakens Further.

By United Press
PARIS, April deposition of the
Bank of France weakened further
in the week ended April 3, the week
ly statement showed today. Gold
stocks dwindled 1853, 300, 900 francs
($110,101 5000, while note circulation
increased 1884, 100000 francs ($91,-
283,1s2)
Total gold stock was reported at
63,917,O00,O0O francs, the lowest in
months and compared with $685.
627 1892 in the preceding week: for
eign balances were 7,398,300 francs,
against 7,569,376, and note circu-
lation scared to ~, sott ,011,1 GOO francs
from 1916, 654, $50 francs.
Ratio of gold to notes stood at
1857 compared with 1888 in the
week ended March 81, while ratio
Of gold to total liabilities dropped to
6742 from $3.50.
By United Press
BERLIN, April 10.-Gold stock OF
the Reichsbank declined 1888, OOO
marks ($2,006,654) in the week ended
April 7, while note circulation de-
clined 128,600,000 marks ($51, 1877
220), the weekly statement showed
today
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
HOSE SHIPMENTS RISE
February Total Exceeds January by
2 Per Cent.

2 Per Cent.
Times Special
NEW YORK, April 10.-Total ship
ments of all types of hosiery during
February amounted to 1861, 068
dozen pairs, according to a report
released today by the National As
ISOLATION of Hoosiery Manufacturers.
The total represented an increase
of 2 per cent over January ship
ments, during which month the
hosiery industry showed a rather
notable stability in the face of sew
eral unfavorable market factors.
Shipments of women's full-fashioned
hosiery during the month totaled
2,434,615 dozen pairs, an increase of
Is per cent over January.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10

year after year,
his / a b ! e S
showed W h a t
various 70 q d S
were spending
to keep their
plants in order.
He showed me
the tabular his
tory of the Chi
cago, Milwaukee
IL st. Paul road.
one column
S h o W e d the
stock rising in
price. But an
o t h er column
S h o W e d the
amount spent
on maintenance
declining year
after wear in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
LOCAL MAN APPOINTED
A. E. Uhl to Represent Indianapolis
on Real Estate Taxation.

The appointment of Albert E.
Uhl to represent Indianapolis on
real estate taxation on the National
Committee of the Association of
Real Estate Boards was announced
today by Walter w. Rose, Orlando,
Fla, president of the association.
John G. Williams, Philadelphia,
is national chairman; Louis G. Pal
mer, Detroit, vice president, and
Lawrence G. Holmes, Chicago, sec
rotary of the committee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10

CHICAGO, April io.-Potatoes- SUNNY
modersse;. demand slow market steady:
Dakota cnbblers. Si.35ealf5: early Ohios
ei.f5@ .o4ls Minnesota early Ohios un-
classined, soc@si.2o; Colorado McClures.
$50 Arriyals 50, on track ESQ. shipments
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
LOCAL CASH MARKET

City grain elevators are paying go cents
for No. soft wheat other grades on
their merits. Cash corn new No. yellow
40 cents and oats 10 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Countess Babs' Is Still
Ahead of Tax Collector
And Revenue Bureau Isn't Surprised WooWorth Heress
Intends to Argue Another Claim.


WASHINGTON April 0The Internal Revenue Bureau wasn't
claim that income.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-10
Money and Exchange
TREASURY STATEMENT

Clesrings ACKNOWLEDGEMENTS. s2.3S2, 0o
Debts ACKNOWLEDGEMENTS. 5,829, 00