davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
In the Cotton Market

(By Thomson & McKinnon)
NEW YORK. Oct Cotton declined
again Monday. but the market had q dit
ferent look nevertheless. Much of the
selling was for stale long account. The
South seemed to be holding off. On the
breaks now | would buy with reasonable
confidence in profits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Hog Price Range

Matured hogs Weighing 160-1S0
pounds were quoted at $3.50, which
was % cents lower than prices at
the previous trading session; 1870
200 pounds. S1S.75, 25 cents lower;
100000 pounds. $500. 10 cents low
err; 800 pounds up, s12.75Q13.50.
The cattle market was steady. Re
ceipts were estimated at 1900. Prime
yearlings sold at S1O01L5O; steers,
$9@11; common to medium heifers,
$709.50, and cows, $407.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Produce Markets

Eess11strietly fresh delivered at Indian
Butter Wholesale prices, - Creamery
price for packing stock. zoe
15m1Sc: ducks. IL a 15c.
Cheese (wholesaIe buying prices) Wis,
&c: Limburger. 27c.
CLEVELAND. oct. 5.-Butter-Extra
4S12 a 491 6e in tub lots extra firsts, ~
a 4Sc: frsts. A &c: packing stock. SOC
up. Eggss---Extra. 48c; extra firsts. 4lc;
7oss0Gs fR 2eay 5ToeTs 4 e Sg fqE
horn broilers, 20 @21c; roosters. 16 a 17c;
ducks. 246 27c: geese. 1S m22c. Potatoes
New Jersey. 425 per 150-pound bags
Ohio bushel bags. small. S1.70@ so;
Michigan chiefs. S3,S5m4 per- 150-pound
hNS Long Island $465M4.75 per $50
80 bags. Maine S3S5Mf per 120,
bag Idaho russets. 1925 per ITO
CHICAGO. Oct. Receipts
13031 creamery. 45c; standards. 43c;
frsts. SO 640 1sc seconds. 80 SIC: ex-
tras. 42a @d4ea Psychologists, 6.135
Twins. 22 a a 23c: Americas. 2?1a a
heavy. 251hc:o small. 10000: springs.
23c: ducks 23c geese zoe turks. 34c;
ROSTERS 19c. Potatoes-aReceints, ar
rivals. 90 cars on track 2S9: Wisconsin
opd r ghites wo 81 e Min HSDe
sofa and North Dakota sacked Red River
0hios. S2.4002.55.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Local Wagon Wheat

Local grain elevators are paying 81 %
for No. 2 red wheat. Other grades are
purchased on their inertia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Chicago Grain Table

cHTcAGO Oct. 5.-Carlot receipts
wheat ato4 a.; corn, '$4a; oats, 81. rye. "a.
CHICAGO Oct 5,-Primary receipts:
wheat ,55i 900 against 147s:ooQso s e9 oo6
against $4,000. Shipments Wheat,
/ ss02i 600 against .2O7 600; corn. 307 900
against. 100000: oats. $4,000 against
702 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
EX-TREASURERS
TARGET Of NEW
RUCKER ATTACK
City Official Will Seek to
Force Return of Barrett
Law Interest.

City Corporation Counsel Alvah
j. Rucker announced today that he
will take legal steps to force former
county treasurers to return to the
city interest on Barrett law prepay
ments which treasurers have kept
as personal profit since the Barrett
law fund was established.
Mayor Duvall is one of the former
treasurers who may he forced to re-
turn extra profits, said at present to
average at least $4,000 a year. to
the city.
Amended Petition
Rucker said he would file an adj
mended petition in the suit now on
file in Circuit Court against Edward
A. Ramsay. present treasurer, ask
ing that a receiver be named for
the Barrett Law fund and that
Ramsay and future county treasur-
ers be ordered to turn the fund over
to the city for investment.
In the suit Rucker charges that
$1000,0OO deficit in the fun now
exists and that taxpayers are being
forced to make it good.
Seeks Firm Status
Only by making past treasurers
return their extra profits can Indian,
apolis maintain a firm financial sta.
tus, Rucker said.
Reports that Rucker would be
asked to resign because of his Bar
rett law activities have been current
at city hall. Duvall denied the re,
ports. but Rucker said he would not
be surprised if he should be removed
from office.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05

Monday was 1868 off 2.S6. Average
age 'o Of forty a Bonds 5469 ." unchanged aver
BIZ Untte5 Press
NEW YORK, Oct. 5.--Profes-
SIGNALS working for lower prices
found fresh ammunition in the latest
report of the Federal Reserve
Board on brokerage loans at this
center which set forth an increase
of 1859, 900 during the week ended
Sept. 90.
This expansion was used as a
basis for further urgent selling. To
this pressure was added consider
able distress liquidation necessitated
by Mondays sharp break.
- a consequence the whole mar
was weak in early dealings and
new loans on the movement were
reached by active stocks through
the list.
Improved at Noon
Better support came into the
market leaders around noon, after
call money eased to Az per cent,
against a renewal rate of per cent.
This evidence that the credit strain
incident to month-end settlements
was relaxing, brought short cover
ing and fresh buying into the gem
-eral list, resulting in good sized re-
coveries from earlier lows.
William G. Dura~t was said to
be backing up the bullish statement
which he gave out on his return
from Europe by buying General Mo-
tors and Steel. The latter rallied a
point from it's low of 1918, while
General Motors came back points
to 1914.
Montgomery Ward which moved
up 81 points to IS was bought by
Chicago interests looking for a bal
ance Of the common stock out of
this years earnings equal to ap-
proximately $40 a share, against
$S.05 in 1925.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
SELLING WEAKENS
STOCK MARKET|N
EARLY DEAL|NGS
New Lows on Movement Are
Reached by Active
Stocks.
Average Stock Prices

Average of twenty industrial stocks for
of twenty rails. 1i9sS. off III. Aver
age of forty bonds. 94.69. unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Banks and Exchanges
Oct. s.
LOCAL. CIEARINGS

Oct g.
LOCAL CLEARINGS
Indianapolis bank clearings for today
amounted to $3.98S,000. Debts. $7642,-
600.
FOREIGN EXCHANGE
BU United Press
NEW YORK. Oct. 5-Foreign .eN-
change opened steady Demand sterling,
- 1915. up go 1 od5fc;:. pd francs
&C. up 90 Ac; marks. 23.S1c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05

The resolutions:
Whereas, 1t has come to the no
tice of members of the common
council that the chairman of an in
vestigating committee from the Indi-
ana Republican Editorial Association
has made public charge through the
public press that he has information
and evidence purporting to show and
prove that the city officials Of Indi-
annapolis are controlled by unsavory
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-05
Denies Charges

Stephenson and myself knew Of that
letter" was Holiness expression of
ettrpriSe
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

ment to Indicate other than IA good
year ahead.
Business is on new plane.
Speculation has been minimized by an
evolution in trade@an evolution
which for lack of better name we
call hand-to-mouth buying. Few, if
any, SURPRISES have been built up, and
consequently there is little prospect
that there will be any unusually dull
periods. After all, the greatest fac
tors in assuring prosperity are steady
employment and stable prices.
1.-THE packing industry rather ex-
poets to handle little more product
in 1927 than in 1926. The first half
of the year should be about on a par
with the like period of 1926. but dur
ing the second half it seems probable
that there will be greater receipts of
live stock resulting from the size and
condition of the last corn crop. Much
of this corn was not suitable for hold
ing and will have to be fed. That
spells heavier steers and more hogs.
1.-THE necessity for cheaper meat is
gradually taking Europe out of the
market for American meat products.
Europe is raising hogs in ever-increas.
ing numbers and it is idle to contem,
plate an increase III export business
while hog and pork products remain
at present price levels.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
1926 BRINGS u. S. GREATEST
PROSPERITY; EUROPE GAINING

entino, screen star; Senator Bert NJ.
Fernald of Maine; Comdr. John
Rodgers, y. S. Navy.
dian; Prof. Fl. C.. Eucken, German
philosopher: Maj. Gen. r. L. Howe,
u. S. Army; Tom Thumb, famous
midget; Dr. w. j. Tucker, president
emeritus Of Dartmouth.
In October--Arthur julie Goodman,
artist; III. l.. Fuqua, governor Of
Louisiana; d. p. Davis, noted Florida
real estate man; Cleveland Moffett,
author and journalist; Commissioner
Thomas Estill of Salvation Army;
Eugene v Debs, Socialist leader;
Thomas Mott Osborne, prison re-
former: John g. Shedd, Chicago
flnancier; Charles NJ. Russell, artist;
Maj. Gen. George Bell, jr., u. S. A;
Harry Houdini. magician; Charles f.
Fox eminent Chicago architect.
In November-Annie Oakley, ia
nous marksman; James K. Hackett,
actor; Lafayette Young, publisher, of
Yves Moines, Iowa; Clement Shorter,
English author: Joseph McKenna, for
mer justice of United States Supreme
Court; Mrs. Herman Oelrichs Of New
York; Leonid Krassin, Russian states
man; John NJ. Browning. inventor Of
firearms; Carl +. Akeley, naturalist.
In December-Bishop J. j. Davis of
! Davenport, Iowa; Charles Ringing
famous circus owner: Claude Monet,
| French painter Senator William E.
Mckinley of Illinois.
Copyright by Mcclure Newspaper Syndicate. J
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

Chairman of the Board National Bank OF
commerce. New York.
I'm forming judgment as to bush
ness in 1927, it is even more than ordi-
narily essential to separate the funda-
in the situation. Conditions underly-
ing business in the United States un-
questionably are sound.
THE inventive genius of the Ameri-
| can people in the mechanization of
industry has greatly increased the
individual productive capacity of
| workers in many lines and the
natural resources of the country fur
nish the major part of the raw ma
terials needed for the operation of
standard of living never before
equaled, savings are accommodating at
an astonishing rate. The stabilizing
influence of the Federal reserve sys-
tenn and the liquid position of the
manufacturers and merchants afford
assurance of freedom from credit
stringency. In word, the United
States is tremendously rich it is self
contained as is no other country, with
fine plant and well-balanced bust
ness organization; and the main trend
is toward continued
"It is true that there has been some
recent decline in the general rate of
business activity. Prices of non-fer-
rous metals have been falling for
some months and steel output has be-
gun to decline. While a pronounced
slump in building in the immediate
future is not likely. the peak of the
up-SWing in construction which began
in 1921 has been passed. 1t may be
that the automobile industry has not
yet completed the adjustments neceS-
sary for the transition from produc-
ton for rapidly expanding markets to
production for replacement plus nor
NAL year to-year growth in population
and business. The sharp decline in
the price of cotton and unsatisfactory
prices for most other agricultural
products have resulted in reduced
purchasing power in many agricul-
tural regions, when measured in terms
Of present prices for manufactured
goods.
I'm consequence, some doubts have
arisen in mems minds as to the course
of business in 1927 and there is evil
dence of much conservatism in the
making of forward plans. This is as
it should be and is the best assurance
Of reasonably good business ahead.
A real danger signal would be uni
versal and enthusiastic optimism
rather than conservative optimism.
1t seems likely that some downward
revision in the prices of finished
goods will be necessary during the
coming year in order to maintain the
physical volume of distribution in the
domestic market at q satisfactory
level. In short, competition may be
even keener in 1927 than in 1926, but
such a prospect affords no ground for
diSCOura cement"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

Continued from Seventeenth Page,)
manufacturer: w. l.. Mapother, presi-
dent Louisville & Nashville Railway;
Brig Gen. +. J. McCIernand; w. &.
3obbs. Indianapolis publisher; Henry
Holt, New York publisher and au-
thor; Cardinal Dalborn, primate of
Poland George Middleton. veteran
theater man; Archbishop Roy of Que
bee.
In Mavch-Rear Admiral Richard
Wainwright. Leopold Schepp, finan-
cier and philanthropist. of New York;
H 8. Boutell, diplomat; Edward s.
Scrlpps. publisher; w. II. Finley, OK
president Chicago a. North Western
Railway: DoWager Queen Louise of
Denmark. Prof Albion w. Small of
Chicago University, DIR. q. S. lsham,
Iptcd CHICAGO surgeon; Bishop T.. D..
Kelly of Grand Rapids. Mich; Louis
Philippe. Duke Of Orleans; Budd DO
ble, pioneer of the harness turf; Jacob
p. Adler, Jewish tragedi0n.
In Aprli-August Thyssen, German
steel magnatc; Henry l., Miller. actor;
Luther Burbank, famous horticultur-
list; Ogden r. AIcClurE, Chicago pub
Usher; Ellen Key, Swedish author;
1effreys Lewis. actress.
In April-Au@ust ThYGS"n. German
Ambassador 10 Turkey; Prince Victor
Napoleon Bonapartist pretender to
throne Of France. E. +. Odelt, former
Governor of New York: Mohammed
VI. cx-Sultan of Turkey; A r. Met
calfe whist authority; Percivai Glib
bon, English author.
IN junction u. Spreckels, Cali
fornia capitalist; Louis Sherry, restau-
ratcur, Sanford II. Dole of Honolulu;
Mary Cassatt. American artist: DIR.
John Rowland IF Baltimore; Kate
Jordan, author; Cleveland H. Dodge
of New York capitalist and philan'
thropist. C. w Rapp of Chicago,
noted theater architect.
In July Emile Coue of France; 4.
r Thomas New York publisher; Lin
coin J Carter, playwright; w. \.
Rocbiing. builder Of Brooklyn Bridge
Robert Todd Lincoln, son of President
Abraham Lincoln; George Inness, jr..
American artist.
IN August--Israel Zangwin, Jewish
author; George a. Glyna, New Yorl;
Journalist and political leader; DR.
Henry Wade Rogers, Federal judge
Mrs Frederick ~. Vanderbilt; H. II
I1arIes, Paris banker; Stuart Pratt
Sherman. literary CRITIC Rudolph Val
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
WAR LOANS EDUCATIONAL.

THE Liberty loan campaign to sell
Government bonds taught many peo-
pie how TO invest their savings. AS a
result of this education" says Secre-
tary Mellon in his ANNUAL report, "of
more effective bond craftsmanship and
of high earnings in America there has
been created an investment market
and the public readily buys large
amounts Of new security issues. re-
sorting to the banks for loans to as
sist in these purchases. Business con-
Germs have come to prefer permanent
financing as distinguished from com
nercial loans from the banks, and
there has been q tendency with a
great many corporations, through the
sale Of bonds, notes or capital stock,
to resort to the public for money to
meet their corporate requirements"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

for the future with the aid of a rea-
sonable and sympathetic attitude on
the part of the people"
BY II. l.. AGASSIZ,
President Calumet & Hecla Consolidated Cop
per Co. and President Copper and Brass
Research Association.
Copper is one of those American
industries which looks to Europe to
consume a substantial proportion of
its product. Therefore any improve
ment in the general European situa-
ton must be viewed enthusiastically by
us. Within the past few weeks we
have had encouraging evidence that
the larger foreign nations, which the
war left In chaos, are emerging from
their difficulties, and this certainly
augurs well for that section of the
American Industrial organization
which has been built up to it's present
proportions on the basis of a fixed
European demand for it's products.
THE worlds economic structure is
so sensitive that we cannot always be
sure what week or a month will
bring forth, but, judging by condi
tons as they now present themselves,
/ have every confidence that the COM
ing year will be a prosperous one for
the copper industry. With the opera
ton of Copper Exporters, Inc, 1t Is
expected to bring about better gen.
eral working conditions in the Euro
pean market, so long influenced adj
versely by speculative interests. With
the consumption of copper In the
United States continuing to increase,
there is little at home to cause ap.
prehension.
During the first 10 months of the
current year shipments of refined
copper exceeded refinery production
by approximately 20,000,000 pounds.
1t is true that during this period ex-
ports fell off from the 1925 average
by about 100000 pounds a month,
but against this we have the en-
couraging fact that domestic con-
sumption has been exceeding the 1925
figure by 100000 pounds q month.
The figures for November and Deem
Der are not yet available, but If the
averages for the first 10 months are
maintained for the balance of the
year, shipments of American copper
will show substantial increase over
1925, which was a peak year for peace
times in the copper industry.
For the past five years there has
been constantly expanding demand
for copper and copper products in the
United States. This has been due in
part to the main consuming industries
electricity, automobiles and build
ing-but a very largely increased ton
mage is accounted for by the smaller
consuming industries, such as radio.
electric refrigeration, washing ma
chimes, brass pipe, lightning rods, hot
water heaters, locomotives, marine
piling and others.
There is no indication OF this de-
mand abating; on the contrary, there
is every evidence of steadily increas-
ing requirements"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

ent. Foreign loans will continue to
increase only to the extent that other
countries can afford to pay a higher
return on unquestiOned security.
With his usual courage and enter
prise, backed by good digestion and
cheerful temperament, the American
business man may look forward to
year devoid of nightmares"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

close. 1t tells only
of q, repression
Of @ X t rayagan nee
and a & Q n q T a |
productivity of in
come Tux rates.
The ba sic inhu-
ences W hich have
enlanated from
the Government
and given 70 bust
ness as a whole
the stimulus so
necessary in an
era of expansion
are somewhat un-
related TO fiscal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
BY PATRICK e. CROWLEY,

President of thesNew York Central Lines.
"The railroad situation, as whole,
is more satisfactory than 1t has been
in a long time. AS the roads have
prospered they have been able to give
better service, and there is on the
part of the public, the shippers and
the companies a growing feeling of
reciprocal satisfaction over the situa-
ton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
by DAVID LAWRENCE.

The existence of a surplus in the
Treasury does not tell the story of the
relationship between Government and
LllsineS IN The NeaL. inst cnninx IL q
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
BY F. EDISON WHITE
President OF Armour & G.

ITEhIUBIIG %.
The year 1927 dawns without any
clouds iii the business sky. OF COURSE
we may 0nA some hefore the year Is
out, bur there is nothing at the mo-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
Continued from Eighteenth Page

that we may look forward to a year
OF good general business, even though
1t possibly will not be quite SO good
as 1926. And the same applies, in my
Judgment, to the automobile business. -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
BY ALVIN w. KRECH,


Equitable Trust Co. of New York.
1.-THE thermostat that operates to
establish an even temperature in a
well regulated heating system has a
parallel In the influences of numerous
radical changes that have recently
taken place In the conduct of business.
1.-THE business risks involved in
wars, pestilence and money panics
have been minimized. immigration
laws have stabilized labor conditions.
So-cailed hand-to-mouth buying, or
producing for consumption support
ed by efficient transportation and
prompt distribution, has reduced in
ventory risks and the peaks of employ
ment and unemployment in the indus.
trial field.
"Saner methods are being applied
to installment buying and selling. The
business weather man may confidently
predict smooth seas for 1927. Money
should be fairly easy. Europe's slow
hut sure financial recovery is appar-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

1.-THE most pressing problem con-
fronting the railroads is the necessity
for making, pursuant to the jurisdic
ton of the public authorities. expendi-
lures for improvements which do not
enhance the capacity of the property
and do not in themselves yield a sus-
tanning return. The railroad is viewed
from a regulatiye and legislative
standpoint as a public institution from
which it seems expedient to exact
many things beyond those required to
convey persons and property, yet it
must survive as a business, if it sur
wives. This is an anomaly which re-
quireS that the business, If business it
is, must absorb burdens as a part of
it's current existence from which other
forms of enterprise are immune.
THE indications are, however, that
1927 will be a year that might be
termed generally satisfactory, so far
as the railroads are concerned, in that
the prospects for the volume Of traffic
do not at this time present any I'M
| usual outlook. From the information
we can gather, there are no bad spots
| in business in our territory. There
has been little slowing up in some
lines, but, generally speaking, the out
| look is favorable.
Regarding the outlook for net
| earnings, there seem to be few con-
| ditions, other than wage increases re-
| Gently awarded, that should encroach
| upon the net earnings, assuming the
volume Of business generally expected
| for the year materializes.
"In the field Of legislation affecting
| the railroads. I believe the passage of
| the Parker bill by Congress will be in
| the interest of the public, as well as
| the railroads. 1t will enable progress
| to be made in carrying out the intent
of the transportation act in regard to
| consultations, as to which we are now
at standstill. do not see how there
| can be much, if any, progress during
the coming year in railroad consolida-
| tons unless the Parker bill, or some
other bill which will authorize consoli-
dations to be made, shall be passed.
"In the meantime, some progress in
unffication has been made by acquisi-
| ton Of stock, taking Of leases, etc.
| Consultations, when they shall be-
come possible, should be made along
business and economic lines, so that
there may gradually grow UP In the
country number Of well balanced
| systems. Railroad systems should
grow gradually through construction
and amalgamation, and there should
be no attempt to make arbitrary and
general advance grouping. Each stu
alton as it arises should be studied by
| itself and with regard to It's merits
and to the general situation"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

the roads can be frowned upon by the
public in view of the very narrow
margin that now exists between gross
and net income. The progress Of the
railroads since the war gives earnest
for the future with the aid of rea-
sonable and sympathetic attitude on
the part of the people"