davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
THOMAS LAWRENCE TO
HEAD NEW LIFE FIRM
Former Chief of Chicago Group
Named to Chicago Body.
By United Press

By United Press
DETROIT, March 1.-The re-
organized Detroit Life Insurance Co.
now known as the Insurance Co. of
Detroit, will be headed by Thomas
F. Lawrence, former president of
the Chicago Association of Life I'm
derWriterS and of the Missouri State
Life Insurance Co., it was learned
today. Reorganization of the De-
troit Life was approved by Federal
Judge Edward j. Monet on Feb. 10.
Other officers elected to the new
institution included: Robert B.
Locke, former president of the
American Institute of Banking and
long prominent in Detroit banking
circles, treasurer; Theodore Levin,
Detroit, vice president and general
counsel; Fred A. OSSanna, Mime
apolis, vice president and associate
counsel; Estel Scott, Kansas City.
vice president, and L. c. Cortright,
Detroit, secretary and actuary.
Directors who were elected in
Guided: George E. Allen, commits
Sloner of the District of Columbia:
William B. Edwards, Chicago land
appraiser; and j. Earle Brown.
Lansing, Mich, attorney. The 228OO
Detroit life policy holders will be
mailed contracts and certificates for
the assumption of policies within
the next 20 days, it vas announced
after the elections.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
REVENUES
new PEAK FOR
BUS INDUSTRY
Output Is Almost Doubled;
Passengers, Mileage
Also Gain.
Times Special

1
NEW YORK, March 1.-The mo-
tor bus industry enjoyed the best
year in its history during 1885, with
production of new buses almost
doubling the 1884 output, the maya
zine Bus Transportation reported
today in its annual statistical issue.
The industry attained a new high
in sales volume and in total gross
revenues, total bus miles travelled
and the aggregate number of reve-
nue. passengers carried, the survey
indicates.
Last year 1855 motor buses we're
produced. of which 6233 were COM
mon carriers. One-third were placed
in new fields not formerly using
BUSES and two-thirds we're replace
mentS School BUSES made a spec
tacular gain of los per cent over
1884, there being 9403 of these,
worth 100000, put in the service
Of carrying school children.
About 1000 for Cities
City service BUSES were produced
in the number of 1918, worth $29,-
100000, while 1855 of the capacious
intercity type, worth $16,000,0OO,
were turned out This was the larg-
est output of city service buses
since 1925 and exceeded the COM
bined output of 1881, 1882 and 1888.
Basic facts as to operations fol-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Other Livestock
by United Press

CHICAGO. March 2-Hogs-16. 900. IN
Guiding 5000 directs: steady to 10 cents
lower than Fridays average on weights
below 230 lbs: opened around 10 cents
lower, later bids IS to IS cents off: COWS
IS TO- rs cents lower: top SOTO; bulk I6O-
$50 lbs, sl025M1O so: 140-lsO lbs. Sc. GOA
1910; few 250-300 lbs. s970Gl025; sows,
s8.75G10. Cattle-10, 900; calves, 1900:
market active: generally Is cents higher:
steers Is pIedominating; quality plain; bulk
81 higher than q week ago; all she stock
getting action: beef cows and general
heifer crop Is cents higher; most heifers
81 down to $3.50: best around So: bulls
strong; vealers IS cents higher; best
weighty sausage bulls IS so: veaiers s8Ge:
few So: so; best fed steers. s1165: heavies.
s11. SheeD-9000 most classes Is to 25
cents higher: spots up more: early bulk
good and choice few western lambs SO 50n
9.75 to packers: extreme top to outsiders
and city butchers, s9.a5: outstanding l21
ID. ewes. $3.50.
Steady; o l6oolaO lbs. $40 S.: 10000 lbs.
sio55; 25o.27s lbs, sioiO: $500 i lbs.
500; l4o,l6o lbs. $40; loo-l2O lbs. se.e5:
roughs, $3.50; stays, s6.75; calves, $40;
LAFAYETTE. Ind. March Hog Mar
ket-Steady; 1T-2l0 lbs. 0.50Ml060;
2i9-235 lbs. si030G1040; 235-26O lbs,
$40. l0G 20. 260-325 lbs Se75al0: l40-
10 lbs, 50: 75dl0; 100-140 lbs. s9G9-50:
roughs. seas; calves, 50 down. Lambs.
$3.50 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
ANTHONY WAYNE LIFE
FIRM Is PURCHASED
Benjamin Harrison Firm Files APP
plication in Court.

The Anthony Wayne Life Insur-
ance Co. of Fort Wayne and Ham
mond has been purchased by the
founders committee of the proposed
Benjamin Harrison Life Insurance
Co., it was learned today.
Removal of the home office of
the Anthony Wayne Life Insur-
ance Co. from Fort Wayne to In
dianapolis has been completed and
the company now is in its tenn
porary quarters in the Guaranty
Building. The company has al
ready taken legal steps toward
changing the name to the Benjamin
Harrison Life Insurance Co., by
filing petition in the Marion
County courts.
Newly elected officers of the
company are Fred S. Purnell, presi-
dent; Perry B. Ward, executive vice
president and secretary; Raymond
S. Springer, vice president; William
P. Tilley, Brazil, treasurer; DR.. c..
E. Stephenson, medical director,
and Noel c. Neal and Frederick E.
Schortemeier, attorneys.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
GEN. MOTORS SHOW
SETS SALES RECORD
Attendance Figures Also
Exceed Year AGO.

The annual spring show of the
General Motors Corp. held in the
Manufacturers Building at the State
Playground, came to a close Sunday
night after breaking all previous
sales and attendance records.
The show, which run only six days
this year, exceeded by large mar
gin the all-time sales and at
tendance record set last year when
an eight-day exhibit was held. The
various automobile units of the
corporation showing increases in
sales were Chevrolet, Buick, Oldsmo-
bile, Pontiac, LaSalle, Cadillac and
General Motors trucks.
Sale increases also were reported
for Frigidaires, Delco and United
Motors. Officials sponsoring the
show for the motor corporation in
Guided L. G. Burnett, Oldsmobile
zone manager, general chairman,
and L. H. Pomery of General Motor
Acceptance Corp, Indiana, assistant
chairman.
Others were E. w. Berger, Cleve-
land zone manager, sales director;
Carl S. Wheeler, president of the
Refrigeration Equipment Corp,
Frigidaire distributor, assistant sales
manager; Carl NJ. Hammond, pres
ident of the Hoosier Cadillac Co.,
Inc, chairman of publicity and en-
tertainment; George E. Hall, man
ager of United Motors, Inc, as
sistant to Mr.. Hammond, and Roy
F. Chalmers, zone manager for Gen
eral Exchange Insurance Corp,
chairman of building, products and
decorations.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Other Livestock
by Times Speciall

LOUISVILLE, March 3.-Cattle-Receipts,
900; salable. supply slaughter cattle light;
demand only fair; light slaughter steers
and heifers opening fully Csc higher than
close last week; steers with weight and all
grades COWS slow and about steady: saus-
age bulls mostly Csc higher than close last
week, or about steady with last Monday:
bulk common to medium grade steers and
helfers. S6M725. common dairybred and
of colored kinds down to $3.50 or less;
very little available of value to sell above
So so; early top, SO for small package good
933-lb. steers; bulk beef cows, s450d5 So
practical top. s575; smooth heifer type
cows quotable higher: most low cutters
and cutter cows. s3.250425: sausage bulls
considered salable s52566.75: stocker and
feeder trade more active fully steady to
strong; light beef type stockers and stock
a125; plain southern dairybreds mostly
stock calves and rs direct; market not
fully established. but most bids soc lower:
bidding s809 for bulk good to choice:
vealers: s6u7.50 for medium grades and
IS so down on palmer sorts. Hogs-Re-
ceipts. 100. including 275 direct: market
steady with Saturday or 10c higher than
last Friday; top and bulk better, 160-225
lbs, $40 60; 230-250 lbs, 5000: 255-300
lbs. s9.75: 305 lbs. up. 50 30; l20-155 lbs
SO so; .sows, 40: soft hogs Of distillery
mash feeding subject to a discount of 50 or
more. Sheep-Receipts, 100: run mostly
palmer grade native lambs: market quota
bic steady; better natives considered sala-
BILE. s6.50d9: choice quotable higher
palmer grade natives mostly S6M7.50; bulk
lat ewes. ST downs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
HOGS CONTINUE
STEADY TREND
Veal Market Generally so
Cents Lower; Lambs
Stationary.

With receipts near normal, both
at local and surrounding markets,
porker prices continued unchanged
today at the Indianapolis Union
Stockyards.
The majority of buyers were hest
tant in making early purchases,
mostly awaiting a definite price
range which developed slowly I'M
der a narrow demand. Outside in
terest was light as most centers
reported supplies around normal.
Receipts here were estimated at
1000, compared with only 1000
Saturday. Hoidovers numbered 80.
The general bulk of 100 to 225
pounds, caShed in at $1065 to $1O.75.
The latter also continued to act as
top price. Medium heavyweights.
scaling from 225 to 26O pounds.
brought 5000 to $1,000, while 26O
to 1875 pounds, were salable at $40
to $1,000. Light grades, from 100
to $50 pounds, sold at $9.75 to S1O.25.
Packing sows held at $3.50 to 1925.
Despite a reasonable outlet for
all slaughter classes, early buyers
consistently resisted higher ask
ing prices in the cattle market. Two
loads of steers, averaging 1887
pounds, sold at $11. Others, consist
ing largely of odds and ends, sold
under SO. Heifers were steady to
strong at S6,75 to $3.50. Late trade.
however, was steady, especially on
those under Sc. Holdovers were 900
Vealers were sharply so cents
lower, due mostly to limited sup
ply. The bulk of good and choice
kinds sold at $3.50 to $40. Re-
ceipts numbered 400. Lambs were
unchanged, with the supply consist
ing largely of fed westerns SELL
ing at SO to $975. Slaughter sheep
held at So to S.. Receipts were
1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
COLD CLAUSE
SUIT HEARINGS
SET MARCH 8
New Case Brought by Taft
Tests Abrogation by
Government.

By United Press
WASHINGTON. March 2.-Hear-
ingS in the new test of the abroga-
ton of gold clause in government
bond issues brought by Robert A.
Taft, son Of the late President, will
open March 8, the Court of Claims
has announced.
The case concerns a suit brought
by the Dixie Terminal Co., an Ohio
corporation, for SLOT in interest al
legedly due on a $50 Fourth Liberty
Loan Az per cent bond originally
issued Oct. "a, 1918, and callable
from 1888 to 1888. The bond had
been called and when payment in
gold was refused. the test suit seek
ing the interest was filed.
A government brief just filed and
signed by James w. Morris. Assist
ant Attorney General, seeks to fight
the suit on legal point.
Redemption Call Issued
The government claims that the
Dixie Terminal Co. purchased the
bond on March 9, 1885, and testified
that it was bought "in order to ac-
quire bond on which the suit could
be brought"
The brief claims that after the
Secretary of Treasury had issued
notice of call for redemption of
the bond on April Is. 1894. the COM
pany presented the bond asking
payment in gold.
The brief points out the plaintiff
conceded that the United States was
ready to pay legal tender when the
bond was presented.
Claims No Interest Due
This payment was refused and
later the terminal company asked
payment of six months interest of
SLOT in gold or legal tender. Pay
ment was refused. The suit was
Immediately instituted for interest
allegedly due.
The brief calls attention to Treas
ury Circular No. 121 dealing with
bonds and interest payments. This
says: From the date of redemption
designated in any such notice. in
tereSt on bonds called for redemp-
ton shall cease"
The government claims that TO
interest is due and that the plaintiff
has not shown that currency ten
dered cat the time the bond was
presented for full payment was not
the equivalent of gold"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
On Commission ROU

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers.)
FRUITS Strawberries: Florida, pint,
Howes. Eatmores. 25-ib. box, $3.50. Pears:
washington Bose S"'G looiSCOs,, s s835; S Cali
s F Essssdq Em GSSas so aESRss
cheStl, $3.50. Lines: Mexican carton
&c; Persian seedless. ldozl, 45c. Dates;
fsh A p0and 5S Ap Ba9sn'f DecCaa
fancy basketsl. ST so: Jonathans. 81 so:
Grime$ Golden, SIPS; Rome Beauty, sl.65.
Fexss seedess 54ssos 81 sGFa RPriEUna
sunkiss lSOsl. So Tangerines. Florida
l20s. LAS. 1881, SITS
VEGETABLES 49, Artichoke, California
ldozl Sli5A Beans. green round string.
dog. cratel. $l.50;, cut offs lbul. 81. Brus-
page. New York Danish l5O-lt bag 9oc;
lso-lb. bas), s. Carrots Cal: sTni Epa e Z
sfsis;s p;iI s5 Sashsn :fs: csaiiasSsssEE
Florida washed and trimmed tdozl, 45ca
soc; Florida As, IS. SIS, los cratel. sS25
Cucumbers, dollhouse ldozl, .sl.25; South
s aos 0qshs Ks s Egs ga 5asbe EOT sss
ss.25; home grown, leaf u5-lb baskets
foC. ElQiNe, CallIOrNla tQOEl. SUC
Peppers. mangoes (crate), $3.50; peck baS-
ket. Si,65: (dozl. 45c Mint, dollhouse
tdoz) use. Mushrooms pounds soc
Mustard, Texas bunch. 75c. Onions
Indiana yellow (So-lb. bag, sl.25; In
diana yellow (l0-lb. bagl CSC: Western
spanish. .sO-lb; bag Sis; oyster plant,
dong punches dozl. 45c Parnips. home
grown washed tbushcn, 81; half bushen
soc. Peas Florida (hamperl. 50 So Pota-
toes. Michigan Round Whites Qoo-lb. bagl
SITS Main Green Mountains C10o-lb.
bagl. S2.25: r. r. Early Ohios (l00-lb.
bag, r r. cobblers, uoo-lb. bag. $3.50,
bakers t70s box, 50 so: Col. McClures 100
%. bagl s2lo New Texas Triumphs go
Jerseys Us bushen 81 so; medium
lbushen. 81; Tennessee Nancy Halls
gbushsl eratsl. si5o Radishes; home
Rhubarh. dollhouse thunchl soc. Ruta-
bagas. northern l5o-lb. ,bagl, s5c. Sage
tdoz.l. 45c. Shallots, Louisiana (dozl
45@50c. Spinach. New Texas (bushell
81. Turnips, home grown washed ibushell
$3.50. Tomatoes repaeked lo-lb. boxl
$3.50; original Cuban l30-lb. lug, So
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
GILLETTE RAZOR FIRM
EARNS $1.51 A SHARE
Net Income Totals S4,586, sos for
1885 After All Charges.
Times Special

Times Special
CHICAGO, March q Gillette
Safety Razor Co. and its foreign
subsidiaries in a consolidated IN
come account shows net earnings
for the calendar year 1885 of
$4,568,805, equivalent after payment
of preferred stock dividends to S151
a share on common stock. This
compares with $134 a share in
1884.
The company also declared regu-
lar quarterly dividends of Is cents
share on common stock, payable
March 81 to stockholders of record
March II, and a regular quarterly
dividend of SIPS on preference stock
payable May l to holders of record
April l.
S. G. Stapleman, president. stated
that the total number of razor
blades sold during 1885 by the COM
pany and its subsidiaries through
out the world was the largest in the
company'S history. In England,
where the company's plants have
long been overtaXed, a new factory
is being constructed at a cost of
$1,000,000 and will be completed
during 1886.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
HUDSON EARNINGS RISE
Motor Firm Earns $5S4,749 in 1885
After All Charges.
lines Special


CHICAGO, March Met earn
ings of the Hudson Motor Car Co.
amounted to $584,74 in 1885, after
all charges, including depreciation
and income taxes, A. Edward BART,
president, announced today. In
1884 the company reported a net
loss of 1929 POI.
Net sales of automobiles and
parts during the year totaled $685.
077414, an increase of approx
mately 20 per cent, compared with
sales of $50 ,567,560 in the preced-
ing year. The cost of sales in 1885
was $60,376,000, which left a net
profit of $2,701,014.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
NAMES INDIANA AGENT
First Cleveland Corp. Appoints Paul
Schulze Representative.

Paul Schultz, Indianapolis, has
been appointed Indiana representa-
tive of the First Cleveland Corp,
it was announced today. Mr..
Schulze, who has ben active in the
investment business in Indiana,
Michigan and Ohio for the last IL
years, will establish headquarters in
indianapolis.
The First Cleveland Corp, which
has its main Office in Cleveland and
branches in Chicago, Columbus, Gin
cinnati, Akron, and Toledo, under
writes and distributes government,
municipal and corporation securi-
ties,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Produce Markets

The prices quoted are paid for stock
gathered in the. country, while delivered
in indianapolis the price is cent higher
Heavy breed hens, 18c; Leghorn breed
hens, 13c; Leghorn springers, 12c; old
stays 13c; old cocks, &c. Ducks, white, S
all sizes, 1Oc; all guineas, IL lbs. and up up,
15c; No. l strictly fresh eggs, loss off TIC
Each full case must weigh SIS lbs. gross, a
lbs. will be made No. butter. 391AM4Ohc;
No. 2, 371a @3812c. Butterfat, 35c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
STOCK MARKET
WEEK IN REVIEW
BIZ United Press

By United Press
NEW YORK, March 2.-Trading
on the stock market last week was
the lightest since the first of the
year and prices fluctuated irregu-
larry over broad area.
After four days of steady decline,
the market had rousing recovery
Thursday, only to sag again Friday.
Various moves at Washington to
curb speculation together with a
prospect of heavy taxation were
factors.
Automobile production turned up
slightly and sharp pickup was looked
for next week. That brought de-
mand for automobile shares but a
majority of the issues closed lower
on the week because of losses es-
tablished earlier. Motor equipments,
however, made sharp gains and
closed the week higher.
Dividend Is Disappointing
Steel shares were little changed,
having recovered losses. Steel ingot
production for the week was the
best since Dec. Is, with the output
around 100000 tons, against $4,000
tons in the preceding week.
Utility issues rallied from early
lows but closed the week lower.
Several companies reported i'm
proved earnings and electricity out
put continued to make good
showing.
Mail order shares met good de-
mand for a time, but Montgomery
Ward broke more than 2 points Fri
day when directors declared 20
cent dividend. That was the first
payment since 1880, but Wall Street
had anticipated payment as high
as dollar and sold the stock heav-
lily.
Tokyo Coup Unsettles Market
Railroad issues were bid up for a
time but sold off when the Inter-
state Commerce Commission ordered
a reduction in passenger fares. Some
OF the roads anticipate higher reve-
nues through increased travel, but
others held reverse views.
M. w. Clement, president of the
Pennsylvania Railroad, said the de-
cision was terrific disappoint-
ment." 1t will mean a terrific loss
in revenues for the Pennsylvania
Railroad"
The market was unsettled CT
wednesday by the attempted mill
tary coup in Tokyo If it had not
been for that, some observers felt,
the market would have rallied. Jap
anese bonds shot down, the yen was
depressed, and the silk market
plunged down. When the situation
clarified somewhat markets returned
to normal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
CAR SALES INCREASE

IJV CWsttU FTtSS
WASHINGTON, March AL
though retail sales of new passenger
automobiles decreased almost % per
cent from December to January,
they were So per cent greater last
month than in January, 1885. the
Commerce Department reported to-
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
INSURANCE ADVISORY
BOARD TO MEET HERE
American Mutual Liability Group to
Hold Annual Session.

The Indiana advisory board of the
American Mutual Liability Insur-
ance Co. is to hold its annual meet
ing here tomorrow, officials have
announced. Charles E. Hodges Jr..
president of the company, is sched-
uled to report that premiums writ
ten in Indiana in 1885 showed an
increase Of 37.1 per cent over the
preceding year, while workmen's
compensation premiums increased
404 per cent.
Board members expected to at
tend the meeting include Marshall
D. Lupton and Charles F. Zwick,
both of indianapolis; George w.
Ansted, Connersville; Girnie L..
Reeves, Columbus; G. K. Robinson,
Richmond, and Temple Williams,
MiShawaka.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
Bnsigrubhs

Portland cement production de-
cidedly improved during the last
five months of 1885. Although &C
tual production dropped somewhat,
the decline was very much less than
the seasonal trend.
Production in the last three
months of 1885 passed the CORE
spending 1884 months by 81 per
cent, while December alone ex-
ceeded the previous December By
80 per cent. Even with this i'm
provement, cement output is only
about one-third the average pro-
duction in the years 1925 through
1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
u. S. FIRM PURCHASES
IA CANADIAN PLANTS
Minnesota Valley Canning Co. TO
Form New Corporation.
By United Pres


CHICAGO, March 2-Purchase Of
IA plants formerly operated by As
ISOLATED Quality Gamers, Ltd, Of
Canada and incorporation of a new
s2,O0O,00O organization was an
nounced today by Edward B. Co.'S
grove, president, Minnesota Valley
Canning Co. of La Sueur, MINI.
The new firm. Empire Foods
Corp, Ltd, will be headed by John
Wall of Windsor, president; James
Wall of Windsor, vice president; P.
G. Pryor Of Windsor, treasurer, and
Edward B. Cosgrove of Minneapolis,
chairman of the board of directors,
the announcement said. Headouar-
tiers will be at Toronto.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-02
EARNINGS RISE IN 1885
Beneficial Industrial Loan Corp.
Reports Gain of 50 Cent.
Times Specie

7 FHFtN NVttfGI
CHICAGO. March Met earn
ings of the Beneficial Industrial Loan
Corp. and subsidiaries for the year
ended Dec. 81, 1885 totaled S5574,-
292, after amortization charges and
provision for minority interests and
Federal taxes, it was reported to-
day.
Net income amounted to $4,820,312,
equivalent to 1921 a share on the
common stock. Consolidated net
earnings for 1884 amounted to s4,s
7l0,030, and net income was So
956.050 equivalent to sl.89 share.