davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

Of the Himalayas. This mountain
chain, which is the northernmost
outpost of peninsular India, rises
about the great plains Of the Pun
jab.
Geologicaly the Salt range is one
of the key regions of Asia. Here
some 24O million years ago, glaciers
covered the northern margin Of an
ancient continent known to geolog-
lists as Gondwana land. At that
time the adjacent Himalayan and
Tibetan regions we're completely
submerged by the waters of an an
Gent ocean.
In the late spring, when the
passes of the southern HimalayaS
are freed from snow, the expedition
will move into KaShmir and from
there proceed across the Himalayas
to western Tibet and the adjoining
highlands. The summer months are
the only time of ths.year when the
highest plateaus of the world are
accessible, for at an altitude of
1880 feet a blanket of snow lies
almost all the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Lifelong Resident Dies

Z y
GREENFIELD, Ind, Dec. 25.-The
body of Mrs. Rosalind B. Corcoran,
II, widow of John Corcoran, and a
lifelong resident of Greenfield, will
be returned here from Mill Valley,
Cal, for funeral services and burial.
Mrs. Corcorans died at the home of
a daughter, Mrs. Nora Zimmerman,
after short illness. She leaves. a
son, Sexton Corcoran, Indianapolis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
HIMALAYAS MAY
HIDE TRACES Of.
EARLY MANKIND
Party to Ascend Top of
World in Geologic
Exploration.
BIZ Science Serrice

6sy EtttNtc 81 LAt6
NEW HAVEN, Conn, Dec. Is. -
Possible ancestors of the human
race will. be the objective of the
Yale North India expedition, which
soon will be in the field.
Two members of the party, Pro-
feSsor Hellmut de Terra and Mrs.
de Terra are now in Europe con-
Guiding arrangements before pro-
ceeding to India, where they will
be joined by the other members of
the expedition; Professor G. E..
and George E. Lewis.
The Hirnalayas and adjoining
areas, including as they do portions
OF the worlds highest and least
explored mountain regions, offer a
most promising field for geologic
and geologic research. Not only is
a great part of its geologic history
still unrevealed, but many Of the
formations which built up its tower
ing peaks never before have been
searched Systematically for palaen-
biological treasure.
Neither has any one as yet traced
the evidences of the relatively re-
cent uplift of those highlands and
the effect which this geological
event must have exerted upon the
evolution of ancient plant and
animal life. The changes in this
Himalayan region have been so
profound that this area, perhaps
even more than the northern Ash
attic field, encourages scientists to
hope to find here evidence of mans
development.
The expedition first will work on
the Salt range, one Of the smaller
mountain ranges of northern India,
which lies some eighty miles south
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Fishing the
Air

Alice JOY, contralto, will Using "a Fairy
Story by the Fire" and Little Tin
Soldier, in the program with Paul Van
Loans orchestra over WTAM and an NBC
network Friday at $50 p. m.
An old favorite, Grandfather's
Clock" and a collection Of songs entitled
Hymns OF the old church choir are to
be sung by the Cavaliers male quartet
in She program with the orchestra under
the direction Of Rosario Bourbon Friday
at p. m. over WTAM and an NBC net
work.
Jack whiting, baritone Of musical
songs when he apears as guest artist with
Leonard JOY and his orchestra in the
program Friday, at p. M, over WJR and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
WIFE Staying CHARGED
Mother of Three Dies of Bullet
Wound After Quarrel.
BIZ Times Special

7 0TFN'WN
VERSAILLES, Ind, Dec. 25.-An
affidavit charging f1rst-degree MUIR
der has been filed in Ripley circuit
court here against John D. Holiday,
missing since his wife was found
dying from bullet wound. She
leaves three children ranging in age
from to 8 years.
Authorities say Holiday and his
wife had quarreled shortly before
her death and that he accused her
of being on intimate terms with FL
bert Rose, 2, employed in a filling
station operated by Holiday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

You can bank on George Bern
ard Shaw doing the unusual thing.
He always does. Before Frank
Harris died he wrote the life of
Bernard Shaw" and this book is
Book League of America selec-
ton. Shaw edited the book him
self and answered all the charges
of vinegar and contempt that
Harris wrote of Shaw. And Shaw
has the last word.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
BAD LiOuor Causes Illness

FIT. WAYNE, Ind, Dec. 25.-Mrs.
Praxedes Miller, Is, is in a hospital
here suffering from the effects of
bad liquor, during a party which
she said included herself, her hus-
band and another couple.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

The amiable Vaughn de Leath
may be star when it comes to
broadcasting a blues tune, but as
an inventor-well, here's her lat
est. It's supposed to be a device
on which car can be run when
a tire goes fiat.
But Vaughn doesn't know that,
as soon as one rear wheel goes off
the ground, the car can't move on
its own power!
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
TWO BROTHERS SOUGHT
AS BLAST SUSPECTS
Fire Destroys Valparaiso Building
Following Explosion.
BIZ Tim es Special

BIZ Times Special
VALPARAISO, Ind, Dec. 25.-
Authorities today are seeking two
brothers of a Gary man in their
investigation of an explosion which
wrecked a building occupied by the
Porter County Products Company.
Fire which followed the blast
destroyed the building. The explo-
sion was of terrific force, blowing
out the entire front of the building
and breaking windows in structures
a block away.
TWO men were seen fleeing from
the scene in an automobile bearing
license plates issued to the Gary
man. He told authorities his two
brothers had been using the car
No trace of them has been found.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Check Charge Filed

By Times Special
SHELBYVILLE, Ind, Dec. Is
Several local business men have
identified Robert O'Neal, 10, In
dianapolis, under arrest at Column
bus, as having passed bad checks
on them. Most of those who &C
cepted checks were filling station
operators.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
HIGH SPOTS OF FRIDAY NIGHTS
PROGRAM

6;So-Columbia-BoswelI Sisters.
7;Oo-NBC UNEMPLOYMENT.
NBC (WJzl-Jack Whiting.
S:o0-Columbia - Radio impersona-
lions Of famous stars.
-Columbia-Sandy and Lii;
drama and music,
S:S0-NBC .(wJz)-ShieId's orches-
tra preside singers.
NBC. (WEAF)-Reisman's or
cheStra; Dennis King, guest.
s;Oo-NBC (WJz)-Paul Whiteman's
orchestra.
Columbia = Toscha Seidel:
Lanin'S orchestra.
9;30-NBC CWEAF) -RKO hour.
vaudeville and radio stars.
10:00-NBC (WEAF)-Mariou Harris.
song recital.
tl;oo-Columbia-Ben Bernie and or
cheStra.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Trees to Be Planted


By Times Special
HUNTINGTON, Ind. Dec. u.s.
Pupils of the Lancaster township
school, Huntington county, will
plant 10000 trees as their contribu-
ton to observance of the George
Washington bi-centennial celehra-
ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
MISSING BABY RETURNED
Parents Refuse to Discuss Unusual
Case at Hobart.
BIZ United Pness

u UWtftW F'Noo
HOBART, Ind, Dec. 25.-After
being missing since Monday, DON
aid Piper, 4 months old, was re-
turned Thursday to the home here
of his parents, Mr.. and Mrs. Clar-
ence Piper, but no explanation of
the case has been made.
The parents refuse to discuss the
case. The baby was brought home
by Frank Treager, a private de-
tective who said he was employed
by the Pipers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

beauty contest be-
ing conducted at
Indiana university
by the Arbutus,
university year
book. Seventeen
co-eds originally
were entered in the
contest but only
twelve met the re-
quirements. Their
pictures will be sent
to Hollywood where
a committee of
movie stars, includ-
ing Robert Mont
gomery, will select
the six most beau-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

tiful. Pictures of these will appear
in the beauty section of the 1882
Arbutus, according to Brecht, bust
ness manager of the Arbutus this
year. He is a member of Delta Tau
Delta fraternity and active in cam
puS affairs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
insurance Policies Are Gifts

Ry JHlted PTeSS
SPRINGFIELD, H., Dec. Is.
Life insurance policies and increased,
insurance were Christmas gifts Of
the Central Illinois Public Service.
Company to all its regular employees
today. Persons benehting totaled
2,241 and the amount involved was
$2,726,6 500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Food for Needy Stolen

BIZ Times Special o
FRANCISCO. Ind, Dec. 25.-.
Thieves who entered a food COM
missary maintained here for aiding
the needy, obtained three sides Of.
bacon, three sacks Of flour and seven
pounds of coffee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

concert Of Christmas music featuring
Edna Kellogg. soprano, a male quartet
and orchestra will &c presented in the
program Friday at $3.50 D. M, from
WLW and NBC Chicago studios.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
WEAF NetRork

~ P. M
CBS-The Columbisns.
NBC (WEAF)-Concert.
WGN l720l-Easy aces.
NBC fWJZb-Brusiloff's or
chestra: Jack Whiting.
WMAQ f670)-Studio.
WSM f650l-JameS Melton
and singers.
Ills p. M
CBS-Singin' Sam.
--7:30 p. M
CBS-March Of time.
WGY (790J-Farm program.
WJR f750l-Dixie ensemble.
NBC (WJZl-Smith Bros.
WMAQ (670)-Dr. Bundesen.
TAB P. M
NBC (wJzl-Sisters Of the
Skillet.
-S P. M
KTHs (lo4ol-Hill Billy
CBS-Radio reproductions.
WBBM t770l-Gold Seal or
US sHSs''S, twEAF - Eskimo
Night Club.
NBC (WJZl7Jones and
Hare.
-8:15 p. M
CBS-Liberty hour.
WBBM (770l-Nat g. Bridget
$50 P. M
WBBM (770)-Verne Bucks
orchestra.
NBC (WEAF) 49, Riesman's
orchestra: Dennis King.
guest.
NBC (WJz) Concert.
WMAQ (670)-Musical feat
ure.
-S;i5 P. M
CBS-Footnotes.
WBBM (770l-Old Skipper.
p p. M
KYw (lo2o)-Phillip's Fly
CBs-Toschs s.idel; Lsnin's
orchestra.
WON (720l-Stephen Foster.
NBC (WEAF) Artists serY-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

''Waiting for the Robert E. Lee" and
"Oh What a Night to Love" are to be
bert. in the broadcast over WLW and an
NBC network Friday at 1880 D. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Day Programs
WFBM (12OOl Indianapolis

WFBM (1200) Indianapolis
indianapolis Power and Light Company
SATURDAY
7:30-Records.
9:OO-WomenS hour.
10:0O-Musical scales CTransJ'
f0:s0-Coiumbia Revue (CBsl.
Nl:00-Don Bigelow orchestra lCBS)'
IL 100 Noon-Farm network tCBS('
P. M.
l:oo-saturdav syncopators (CBs).
1:30-Lyric RKo stage ,, snow
2:30-Rhythm Kings (CBSl,
90, to 5:30-Silent.
WKBF (1400) Indianapolis
undianapOl BrOadcastinE. Inc.1
SATURDAY
6:So-Cadle tabernacle PRAYER period.
700-Church federation program.
7:l5-Charlie F1aglers
7:3O-Musical clock.
S:OO-Breakfast Bazaar.
S:30-Housekeeper chats.
9:00-Morning music.
g:l5-Monk and Sam.
930-Studio features.
9:35-Morning musings.
observation-disclosures forum
10:30-Louise Spillman,
iO:45-Dessa Byrd at the organ,
11:00-CrySta1 studio.
l1:15-Luncheon music.
= y % NoonLFarm program.
P. M.
70 :3O-Livestock reports.
12:45-Izaak walton League
1:O0-Studio features.
1:15-Silent,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
WLW (7OO) Cincinnati
SATURDAY

SATURDAY
A. M.
5:3O-Time announcement.
5:3I-International fiddlers.
6;OO-Time announcement.
6:0l-Physical exercises.
6:15-Talent bureau program.
6:30-Time announcement.
s:95-Joiiy Bill and Jane CNBC).
7:0i-Morning Devoations.
s:l5-Sunbirds (NBC).
7:45-Physical exercises.
8:00-Old Curiosity Shop.
3:10-Organ and vocal.
S:20-Book news.
s:30-Beautiful Thoughts (NBC).
8:45-Maii Bag.
9:O0-Livestock reports.
9:10-Announcement.
e:So-CoIoneI Csoodbody (NBC).
9:45-Talent bureau program.
10:00-Organ program.
10:15-Elliot Brock
1o:So-Livestock reports.
fO:45-River reports.
1O:55-Time signals.
II :O0-Governmental Glinpses.
IL :30-Tsham Jones orchestra.
I1:45-National farm and home houl
(NBCl.
IL :3O-Netherland Plaza orchestra,
1:00-Talent bureau program,
1:30-Organ matinee.
2:00-Plantation days.
2:30-Three Doctors (NBCl.
2:45-SiSters Three.
3:OO-Orchestra.
3:30-Seckatary Hawkins.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
|. U. BEAUTIES COMPETE
Six Winners win Be Chosen by
Motion Picture Stars.
BIZ Times Special

BLOOMINGTON, Ind, Dec. 25.-
Herman Brecht, 1851 Ruckle street,
Indianapolis, is in charge of the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

WFBM (1200) Indianapolis
Indianapolis Power and Light Company
FRIDAY
P. M.
5:30-Indians (CBSj.
5:45-Biltmore orchestra fCBS).
6:00-Time, weather, dinner ensemble.
630-Boswell Sisters (CBSl.
6:45-DoWneY and Wons.
700-Columbian (CBSD.
7:15zSingin' Sam fCBSl.
7:30-Answer man.
735-Jack Tilson'S orchestra.
7:47-Arnold Peeks orchestra.
S00-Silent by order Federal Radio Com
mission.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25

f. -10:50 p. M
.WMAQ (67ol-Via Lago or
chestra Is hours.
Ill p. M
'KsTP (l46o)-Dancs pro-
gram.
IKYW (1o2o)-Don Pedros
orchestra.
CBs-Bernie'S orchestra.
WGY (7s0l-Miles' oorches-
ira.
'NBC (wEAFl-Coon-Sand-
ers' orchestra.
WJR (750)-Michigan Un-
limited.
-11:15 p. M
XIV (1020l-Whiteman's
orchestra.
wBBM (770-Around the
town,
WON (72ol-Ted weem's or
chestra.
lNBC (WLW)-Stoess' or
cheStra.
WSM (650l-Pianist: dance
orchestra.
lilo p. M
INBC (WEAF-Waldorf or
wBAP . tsoO)-Hutchinson's
orchestra.
CBS-Art KrueRer'S orches-
WY t7sW-peyton's or
wJR Y i75Ol-Holst' orches-
ira.
--11:45 p. M
KYw (1020)-Don Pedro's
orchestra.
WDAF 800 - Nighthswk
WON (72o)-Hogan's and
Kay's orchestraS.
--12 p. M
KYW (1020)-Dan Russo's
orchestra.
WENR (870)-Hines' orches-
ira; Pedro'S orchestra.
1880 A. M
KYW 0020)-Specht's or
chegtra.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
WLW (7O0) Cincinnati
FRIDAY

FRIDAY
P M.
4:OO-Words and music.
4:15-MuSical moments lNBCl.
430-Southern singers.
445-Little Orphan Annie tNBCl.
5:00-Old Man Sunshine,
5:15-Announcement,
5:17-The chatter.
5;45-Loweil Thomas (NBCl.
6;OO-Amos m Andy tNBCl.
6:45-Netherland Plaza orchestra,
7;15-Musical Bridges.
7:30-SmitIl Brothers (NBC).
7:45-Sisters of the Skillet tNBCl,
8:O0-Cotton Queen.
8:3O-Armour program (NBCl.
9:O0-Netherland Plaza orchestra:
9:S0-Variety; Seger Ellis and band.
9:45-Time announcement
9:46-Bob Newhall,
:58-Weather.
l0:OO-Night Caps.
1O:30-Crimelights.
1O:59-Time.
II :00-Hotei Gibson orchestra.
I1:i5-William StoeSS and his orchesCra'
u Midnight-Time announcement
A. M.
12:O1-Sign of.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
vo,,.ve nrohablv read. seen, or

You've probably read, seen, or
certainly talked about ONeills
mourning Becomes Electra" now
PLAYING Broadway to S. r. Q. But,
how long since you've read the
original Electra2 Maybe even, it's
one of those things you always
meant 20 do and never did. Golden
book offers the famous Murray
translation of Euripides' dramatic
nigh spots only-2344 years old, 1t
is modern today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
WKBF (14OO) Indianapol

WhDF NI4UUJ Indianapolis
indianapolis BroadcastinR. Incl
FRIDAY
Pm
4:15-Studio features.
4:30-Harry BaSon.
4.45-News flashes.
5:00-Jack and Jill.
5:15-Santa Claus.
5:30-EVening announcement.
6:00-Monk and Sam.
6:45-BuddieS orchestra.
7:00-Silent.
3 :00-Announced.
3:15-Announced.
3:3O-Bob Whites philosophy,
8:45-Louise Spillman.
9:00-Marott variety orchestra,
9:30-Pianoland.
10:00-Wrestling matches.
10 :30-ShowbUat orchestra
| 1 00-Sign of.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-12-25
Times Radio Dial TwiSterS
STATIONS OF THE NATIONAL BROADCAsTING COMPANY
STATIONS OF THE COLUMBIA BROADCAsTING SYSTEM

FRIDAY
% p. M
lNBC (wJZ-Paul White
I mans orchestra.
$3.50 p. M
lWBBM f77o)-Asronson's or
MIC iwEAF-RKo vsude-
MIC iwJz)-clars. Lu and
wMAsio tao)--concer or
chestra.
-9:45 P. M
CB6-Tito Guizar, sorey'S.
orchestra.
WGN f720l-Marches: To-
morrow's Tribune.
10 p. M
KDKA (ssO-sports: enter
XIV fio2o)-sports: news.
CBS-Bing Crosby.
NBC NATURALIZATION Har-
WE C75o,-crooner.
NgC-AmoS n Andy to
WENR. WDAF. WSM.
WMAQ. KTHS.
WTAM (l070j - Studio:
sports.
-10:15 p. M
lCBS-Street Singer.
NBC (WEAF1-LopeE or
cheStra.
lNBC (WENR)-6uarter hour
WGN (720l-Ted Weem's or
wGY Gieo)-studio.
.NBC (WMAQl - Lowell
Thomas.
--10:3O p. M
KDKA (esO)-Bestot'e or
XIV 1io2N-Russo's or
chestra.
lCBS-Cuban orchestra.
WON (720)-Morton Downey.
'NBC (WJz)-Denny's or
wMAo G67o)-Cancs orches-
ira.
-10:55 p. M
.CBS-Geo. Olsen's orchestra.
WGN (72o)-Dance orches-
The Washington times., 1931-10-06
CHICAGO LIVESTOCK

CHICAGO, Oct. 6 UN.SJ.
Hogs-Receipts, $4,000; 10c low.
er. Top, $5.S5; bulk. $4,000 5 40;
heavy, $505.5O; medium, $500
5.55; light. $4.90@5.35; light
lights. 4.65@5.2O; packing sows,
$4.5O@5; pigs, $4.25@4.75: hold
overs, 1000.
Cattle-Receipts, 5000: steady.
Calves: Receipts, 2.S00; steady.
Beef Steers: Good and choice,
$8.5O@10.5O; common and me-
dium. $5@8.5O; yearlings. $500
10. Butcher Cattle: Heifers,
$3.5O@925; cows, $3@5.75; bulls,
$3.50@5.75; calves, $7gs.50 feed
er steers, $4@7; stocker steers,
$3.7506.75; stocker cows and
heifers, $3.50@4.50.
Sheep-Receipts, 10000: steady.
Lambs, SCOT; common, $2.TS@
4.50; yearlings, $4.50@5.25; feed
ers, $4.75@5.25: ewes, $192.50.
The Washington times., 1931-10-06
COTTON PRICES
ARE FIRM

NEW YORK, Oct. 8 GNs).
A generally firm tone prevailed
on the New York cotton exchange
during the forenoon trading today.
After opening practically un-
changed, the general list Of fu-
ture contracts moved steadily up
ward until at the end of the
first half hour. gains of $1.25 a
bale were made.
Liverpool and the Continent, as
well as some shorts, backed UP the
buying operations, which came
mainly from the trade. Toward
the noon hour, the hedge pressure
became somewhat heavier than
the demand.
At midday December sold at
5.67, up IS; January at 5.76, up
16; March at 5.94, up 16; May at
6.15, up IT, and July at 6.S2'
up IT.
The Washington times., 1931-10-06
PRICES CALLED
NO CRITERION
Of VALUE
Security Mart 0emoraIized
BY "PaniCky" Psychology,
Says Standard Statistics
BY THE SPECTATOR

NEW YORK, Oct. 0.-PerhapS
the best description Of the pres
ent position Of stock equities is
that by Standard Statistics in its
current survey when 1t declares
the security markets have reached
q stage which amounts To virtual
generalization.
For the benefit of investors and
clients it makes the following
pertinent observations:
Can't Last Forever
The individual investor or
business man who, under ad'
verse conditions, takes his cue
from the herd rather than from
calm reasoning, does himself
and his situation an III serv'
ice.
Never, in the long history Of
Em6NAAnu1 HAS WCPAVoSAV~ A~~
forever.
Depression psychology Is nor
mally verse than the facts
themselves; the present cOnsti-
tutes no exception.
Recorded prices in the security
markets, at q time like the pres
ent, are meaningless. They do
not reflect true values. They do
not even reflect true current
values, to say nothing Of rea-
sOnable long term prospective
values. They reflect q ''panicky"
psychology, and nothing more
than that.
Caution Imperative .
Therefore, the investor who
dumps good securities on = mar
ket" such as now exists 10 rum
ming with the herd rather than
standing calmly by with the In
telligent men. He Is joining the
depression, even contributing to it.
On the other hand, . situation
Is serious as the present one
makes conservatism and caution
absolutely imperative. "A sane
long term viewpoint IL one thing;
reckleSSness in the short time
viewpoint is quite another thing.
The Washington times., 1931-10-06
BOTTOM STILL
. LOWER, SAYS
HANEY
Investment Buying in Bonds
to Signal Reaf Upturn, Is
View Upheld by Economist
BY LEWIS HANEY
Director Of New York University
Burenn Of Business ReSearch.


It still seems impossible to say
that the stock market has seen
bottom. Under the present alb.
normal conditions it should be OBJ
vious that safety is a very impor.
tant consideration.
1t 10 equally obvious that 1t is
safer to make commitments after
the bottom has been touched than
before.
The great and incalculable risks
now existing are illustrated by the
railway stocks. Last week the
leading Eastern lines reached a
party-agreement." which is
supposed to be constructive.
The rail stocks had been sup.
ported in advance and an attempt
to mark them up followed. But
the week ended with a bad break
in these stocks which carried them
to new lows for the bear market.
Risks Incalculable
Those who accepted railway
stocks as the leaders. when they
showed strength. are now in
fOrlOrn logical position.
Decline Indicated
The leading market averages
indicate a decline for the week
which amounts to about eight
points. The utilities led the de.
cline with an average drop Of
about 10 points. Leading indus
trials were off about nine points.
Even the rails lost more than five
points.
All groups made pew lows.
Bond Buying Test
The position taken all along in
this column that the stock market
will continue weak until invest
ment buying comes into bonds,
is now very generally accepted.
We must consider it signif1"
cant fact that no turn in the do
mestic bond market is yet appar'
ent.
The Washington times., 1931-10-06
District Bankers
Attend Convention

Among Washington bankers at
tending the opening session OF the
annual convention of the Amer
ican Bankers Association at At
lantic City yesterday We're Pre&'
dent Robert v. Fleming, of the
Riggs National Bank; President
Joshua Evans, jr., Of the District
National Bank; President Wade
H. Cooper, Of the Commercial Ma
tional Bank; President Francis G.
Addison. jr., Of the Security Saw
ings and Commercial Bank; Vice
President M. F. Calnan. of the
Liberty National Bank; Vice Presi-
dent A. M. Nevius, of the Riggs
National Bank, and E. E. Mount
Joy, Washington representative OF
the American Bankers Assocla-
tim
The Washington times., 1931-10-06
Relief Heads Reject
Use of SIxrpLMS Grain

The administration and relief
committee Of the Presidents ma
tional relief organization consid-
ers impractical the suggestion OF
the use of surplus Farm Board
wheat for relief purposes, it was
learned. here yesterday.
The committee considered the
various proposals in connection
with the wheat relative to It's
use by the emergency organiZa-
ton, and came to the conclusion
such a move would be unwise.
The Washington times., 1931-10-06

u II AonltS FFoIA We ~ ~
xsaro Ash prices are carried 70 s""oUS slosA
ptvidsaA rate IN cellars N parSDtAsseA
Dv,AsnA s~mhOIs-a Sstra: b. avtdan0 stock. q S%%
- stSek; d scrip: 'sH-dividsnd; rSH.rtshtA
Total weighted average cost Of wheat produc
tion Of the lsSO31 crop IN Argentina, including
transportation to railway stations, is estimated
at 6o7I cents per bushel, according to report
from the Argentine bureau OF rural economy
and statistics, received by the Department OF
Agriculture. Calculated cost Of 6O.7l cents per
bushel on board railway cars amounted to 1855
cents per bushel at ports once the movement
from station and the railway freights have been
added.
Directors Of the Chicago Board OF Trade have
ordered 10 per cent cut in salaries OF all EN-
ployes receiving more than $125 month.
The Washington times., 1931-10-06

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