Indianapolis Times, Volume 46, Number 192, Indianapolis, Marion County, 21 December 1934 — Page 42

PAGE 42

NEWSPAPERS IN U. S. INCREASE, CENSUS SHOWS Gain of 123 for Year Is Shown: 13,193 Now Published. By Vntt'd rrrt, PHILADELPHIA. Dec. 21.—The year 1934 saw a net Rain of more than 100 in the number of newspapers in the United States. A total of 13.193 newspapers, 2034 of whie hwere dailies, were published during the year, it was revealed in the 1935 newspaper directory published annually by N. W. Ayer A; Son. The gain of this year was in marked contrast with 1933 which showed a loss of 212 compared with 1932. Combining figures from both United States and Canada, the uirectory reported a total of 257 new newspapers with 128 consolidations, making the net gain 129 for both countries. The net gain in the United States alone was 123. The gain included 33 dailies. The figures revealed that the Southern states were the newspaper man’s best field as far as new business was concerned. That section reported a net gain of 39. with Texas leading with 18 The MiddleAtlantitc states reported a gain of 28. and 18 new newspapers in New •Jersey. Wisconsin with seven led the Middle Western states in a total gain of 15. While the number of newspapers increased, there were 19 more towns in the United States without newspapers. Seven towns in Canada lost their newspapers. Sunday editions also dropped, three being suspended in the United States and five in Canada. Trade journals and class publications dropped during 1934. The directory reported a total of 6548 of such mediums with the greatest loss in the Middle Western states

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PWA DEFAULTS TOTAL S4OOO, ICKESJIEPORTB Only 10 Interest Payments Missed: Three Were Made Good. By f<rripp*-J{'i’rrird S rwnpaprr AHinrirr WASHINGTON, Dec. 21.—0f the $272,000,000 in state, county and city securities now held by the Public Works Administration, less than S4OOO is in default. Harold L. Ickes PWA Administrator, said today that 10 actual defaults on interest payments had occurred since PWA began lending money for non-federal works. Three of the black marks have been erased with tardy payments. The seven other defaulters are reported making efforts to restore their credit with the Government. All these cases have been in communities of less than 5000 population. Mr. Ikes said that several ‘'technical” defaults had resulted in large cities because interest-paying dates did not coincide with regular city pay days. No default so far Was extended beyond the “reasonable period” after which PWA proposes to assume control of the public works project or seek other recourse of recovery through court action. On some PWA loan-and-grant : contracts it has been necessary for j the borrower to use a part of the j 30 cent grant to meet first interest charges. Mr. Ickes credited the thorough investigation through which all PWA securities must pass before acceptance for the extremely low percentage of defaults. He said the soundness of the securities was indicated by the ready private market offered when some $50,000,000 of them have been sold through the RFC, all at* a premium.

THE INDIANAPOLIS TIMES

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-DEC. 21, 1934