davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-02
NO BUYING PANIC. 2
IN j. S. EXPECTED
Observers Report Uptrend in
Business Has Been Slow
This Month.
BY the Associated Press.

oJ the ASSoCldteu RIeSS.
NEW YORK. October 1.-While
definite industrial expansion has been
recorded this month, statistical observ-
ers report the upward trend has been
slow and steady and that no buyers
panic" is anticipated.
In the first place, 1t is pointed out,
where the dearth Of goods has devel1
oped, it generally has been a quick
delivery problem, and the adequacy Of
productive capacity TO meet any log
ically expectant demand over a period
Of months will militaIe against any
great rush OF buying on rising market.
In the recent reversal of the buying
trend textiles, shoes, hats and ready
made clothing Of the wearing type havs
felt the major part of the demand.
Other lines close to the consumer, how
ever, have shown larger orders than
in many months. There have been in
creased sales Of clocks, furniture, man.
ufactured leather goods and similar
merchandise that cannot be termed
absolutely necessary"
AT the same time, the Standard Sta
tistics Co. finds that permanent de-
velopments in business policy during
the past three years are easily confused
with outgrowths of the depression.
Among the evolutionary changes"
IL Is duueQ, none Is more cOnSeQQen-
tial than the accelerated adoption Of
hand-to-mouth purchasing. Shorter
style cycles and the emphasis on quick
moving Of profitable lines Of merchan-
disc have combined, not only to limit
the size and variety Of retailers in
ventories, but have also made manufac-
turing to stock increasingly hazardous.
As general policy, hand -to-mouth
buying policy IS here to stay"
Inquiries have developed, it is said,
that inventories in established distribu-
tion channels are extremely low; that
scarcity condition exists in staple
lines Of textiles and that a sellers mar
ket has developed in few other manu-
factureS.
But with this improvement. economic
investigators warn, no swift upturn"
can be expected under the existing con-
ditions of depleted purchasing power,
and what is hoped for is continuation
of the steady growth n buying which
has been taking place throughout the
country.
Evening star., 1932-10-02
GRAIN VALUES DROP
ON BIG CORN SALES
Heavy Liquidation During the
Week Causes shrinkage in
Prices ct Chicago.

By the Associated Press.
CHICAGO, October with corn
cheaper than coal and at the lowest
quotations in Sc years, possibilities of
United States corn export business are
no longer considered remote.
One of the largest grain houses in
Chicago went on record today with a
statement that undoubtedly a large
amount of corn would be burned a5 fuel
this Winter By farmers. Current bids
for new No 4 grades of cash corn not
allowing for husking or hauling, make
the grain in Western Iowa at present
worth S2.15 ton.
Compared with a week ago, corn
prices this morning were 1872 cents
a bushel lower, wheat, 1s-5s down;
oats. A-7s off, snd provisions varying
from 27 cents decline to a rise of II
cents.
Heavy selling of corn by the country
IS among the reasons given for low
prices prevailing. Should rural Offer
ings diminish, better speculative de-
rand appears likely 1t is pointed out
that in the nineties. when corn was
about as cheap as at present. the use
Of corn as fuel was a factor in dis
posing of a burdensome surplus.
Evening star., 1932-10-02
COTTON PRICES EASY
ON HEDGING SALES
Improved Weather Conditions Also
Tend to Reduce Prices
During the Week.
By the Associated Press.


NEW YORK, october AFTER hold
ing fairly steady during the earlier
part Of the week. cotton turned easier
toward the end of the period owing to
improved weather conditions in the
South and apprehensions of increased
hedging. A decline of about 81 points
from the high price touched on the
rally OF the previous week seemed to
attract an increased trade demand,
however, and market showed a steadier
tone during Fridays trading when
prospects for renewed rains in the
Southwest and relatively steady Liver
pool cables led to considerable covering.
Attention during the earlier part of
the week was occupied to a consider
able extent by the uncertainties Of the
first October notice day The notices
issued on Tuesday represented about
$4,000 bales, and appeared to be in
demand from various spot houses.
Interests credited with having taken
up cotton on contract last July for
shipment to the continent were
credited with stopping some of the
October notices and there were reports
that some of the cotton might be ship
ped to Liverpool. Nothing very definite
developed in this connection and the
rallies which followed the stopping of
the notices seemed to meet a little
more selling from southern sources.
Evening star., 1932-10-02
BUILDING AND LOAN
ASSETS SHOW GAIN
Local Organizations Have
Added Over S3,OO0,OO0
This Year.

The annual meeting Of the District
Of Columbia Council of Building g.
Loan Associations was held in the board
room of the Oriental Building Associa-
ton Friday night. Chaplin B. Bauman,
president of the council, presided. The
report Of William S. Quinter, secretary
OF the council, showed gain in assets
since the first of January of over $3,-
100000. A large number of new ac-
counts have been opened during the
nine months of 1882. The report OF
Millard F. Dixon, treasurer, was read.
c. Clinton James. chairman of the
Legislative Committee OF the council,
discussed bills pending in Congress
which would affect directly or indirectly
the business of building and loan as
sociations. He stated that Senate l3,
a bill to regulate the foreclosure of
mortgages and deeds of trust in the
District of Columbia. had passed the
Senate and been referred to the Dis
trict of Columbia Committee of the
House; Senate 4444, bill to provide
for the recording of deeds of trust and
mortgages secured on real estate in the
District of Columbia and for the re-
lease thereof, had passed the Senate
and been referred to the House Dis
trict Committee; H. R. 5402, bill to
further regulate banking. banks, trust
companies and building and loan as
sociations. had passed the House and
been referred to the District of Col
umbia Committee of the Senate.
Other Legislation Noted.
He also called attention to the fact
that the national bankruptcy act had
been amended during the year except
ing building and loan associations from
the provision of the bankruptcy act,
making it impossible for a voluntary
or involuntary petition in bankruptcy
being filed by or against building
that the outstanding achievement of
the year in Federal legislation was the
home loan bank bill
Reports of the delegates who at
tended the annual meeting of the
United States Building and Loan
League at French Lick Springs. Ind,
September l, 2 and 8, were made by
Messrs. Quinter. James and Carl Berg
mann. Edward c. BaltZ. director from
the District of Columbia of the Home
Loan Bank for the fourth district, to
be located at Winston-Salem, N. c.,
made statement with reference to
subscriptions for stock in the bank and
urged the local associations to get their
subscriptions in on or before october 15
Convention Delegates Named.
The following delegates were elected
to attend the southeastern group con-
ference to be held at the Cavalier
Hotel, Virginia Beach, on october IA
and Is: Robert E. Buckley, Chaplin B.
Bauman Carl Bergmann. William S
Quinter, Edward c. Baltz and c. Clin-
ton James.
The following officers and Executive
Committee for the ensuing year were
elected: Chaplin B. Bauman, president;
Carl j. Bergmenn, vice president; Will
liam S. Qlinter, secretary, and Millard
T. Dixon, treasurer. and Executive
Committee, c. Clinton james, j. L.
Sherwood. James Shea, John B. Grier,
George NJ Emnerich and Edward C.
Baltz.
Evening star., 1932-10-02
INVESTORS ARE SLOW
TO RE-ENTER MARKET
Brokers Loans Reveal That Public
Buying of Securities Has Been
on Small Scale.
Special Dispatch to The star.

NEW YORK, october THAT thc
much-talkedof participation Of the in
vesting public in the securities market
has not materialized is evident from
statistics on brokers' loans reported by
the Federal Reserve Bank of New York.
While latest figures indicate a consid-
cradle advance in percentages, the gain
in dollars is not especially impressive.
For the week ending September % the
total Of stock and bond collateral loans
made to brokers and dealers by report
ing member banks of the New York in
stitution amounted to s425, 100000 This
represents gain of about Alt per cent
compared with the preceding week and
IS about 2812 per cent over the record
low for the prevailing economic crisis,
recorded in the week ending July 81.
Compared with the corresponding week
a year ago, this weeks figures represent
a drop of well over 63l2 per cent
While the investing public appreciates
the gains registered in certain lines Of
business, the advance in securities
prices during August was too swift and
too pronounced to create a large fol-
lowing except among those who follow
day-to-day price changes.
Copyright, 1922
Evening star., 1932-10-02
CURB PRICES HOLD
IN NARROW LIMIT
Utilities and Industrial Spe-
CiaIties Are Featured During
Dull Session.
BY JOHN L, COOLEY.

NEW YORK, October l LP-Curb
prices ruled within narrow limits today
in a rather quiet market
Utilities and few industrial special
ties contributed large share of the
turnover, most other groups being ex-
tremely dull. Electric Bond & Share
rallied to about the previous closing
after slipping fractionally in the early
trading. American Gas & Electric,
American Superpower and the less
active utilities closed firm and generally
a shade higher.
Aluminium Co of America gained
about point and Deere & CO picked
up fractionally Motor issues were ir-
regular and the mining, oil and mis-
cellaneous groups were dull and fea-
tureless.
Evening star., 1932-10-02
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, October Reports Of
better weather IN the South and rel
atively easy Liverpool cables encouraged
reactionary sentiment in cotton today
and prices lost part of yesterdays ad-
vances.
December contracts sold off to 500
and closed at that figure, with the gen.
eral market barely steady at net de-
clines of 20 to % points.
The opening was easy at decline OF
10 to 20 points under overnight selling
orders and some local selling promoted
failure of Liverpool to meet the advance
OF Yesterday. The initial offerings were
quite readily absorbed by trade buying
and covering, but the demand was sup
piled on slight bulges and prices worked
gradually lower later in the morning
under further Southern selling and
liquidation March eased off to TIA
and the close was at the lowest prices
of the day.
It appeared that quite a good many
selling orders, attracted by yesterdays
advance. had accumulated in the mar
ket here overnight There was also
selling through houses with Liverpool
and japanese connections. and later in
Ille UlOTIllllB tIlSIt Nco d ICAcWdA u
Wall Street liquidation. while the de-
mand from the trade was mostly on the
declines
Evidently yesterdays advance had
reflected a reduction in the short in
terest and the easier technical position
naturally contributed to the reaction.
Less rain was reported in the western
belt but there were continued reports
of deterioration, with some advices
claiming that the crop in West Texas
was going back rapidly.
Liverpool cables reported hedging and
liquidation in that market The amount
of cotton on shipboard at United States
ports awaiting clearance at the end of
the week was estimated at $4,000 bales,
against 10000 last year.
roffoy
Evening star., 1932-10-02
TIRE MAKERS PLANNING
FOREIGN BRANCH PLANTS
By the Associated Press.

By the Associated Press
Two new foreign branch factories of
American tire manufacturers have been
announced within the last few weeks,
the latest development being in Spain.
II consummated, it is said that country
will be practically self-supporting in
SO far as automobile tires are concerned.
It is not certain at this time, on the
basis of latest information, that other
rubber products will not be manufac-
tured in Spain by these American
branches.
The Commerce Department holds that
loss in American export tire trade to the
country concerned usually is the expe-
rience in cases of this kind, but ex-
ports of machinery. chemicals and other
necessary equipment and tire making
ingredients often make up for the lost
tire trade. American foreign branch
tire plants at present are being operated
In Argentina, Australia, Canada, France,
Japan and the United Kingdom.
Evening star., 1932-10-02
Dividend News.

NEW YORK. October / (P.-The
stock market will have little in the way
OF dividend news to contend with in
the new week, though toward the end
OF the month discussion of possible
action by such leading corporations as
United States Steel and General Mo-
tors will prove a potent factor in shar-
Ing speculative sentiment. Few i'm
portaEt meetings are slated for newt
week. On Tuesday Columbia Carbon
and Cluett-Peabody boards are sched-
uled to act and that is the approximate
date set for action by Borden Co. direc-
tors. Wednesday will bring the meet
ing OF American Water Works directors
for dividend consideration and on
Thursday the Columbia Gas g. Electric
board is slated to vote on dividends
Evening star., 1932-10-02
Railroad Freight
Loadings for Week
Increase 8,444 Cars
BY the Associated Press.

By the Associated Press.
NEW YORK, October 1.-The in
crease Of 8,444 cars reported in total
carloadings for the week ended Septem-
Der "a, while not quite up to prelimi-
nary forecasts, made a favorable i'm
preston, though receiving little re-
sponse marketwise so far as rail shares
were concerned. The gain contrasted
with decreases reported in the CORE
spending weeks in the two preceding
years. The decrease Of $4,000 cars in
dicated by comparison with the same
week last year was equivalent to ap-
proximately 1877 per cent compared
with the decrease of 209 per cent
shown by figures for the previous week
This continued narrowing Of the gap
compared with last year is accepted as
the really encouraging factor, indicat-
ing as it does an upward trend, where
as the trend this time last year was
definitely downward.
Evening star., 1932-10-02
Commodity Price
Changes of Week
BY III. n. NIcGILL,

Editor Of the McGil Commodity Service, Inc.
AUBURNDALE, Mass, October 1 up,
"A slight drop was noted this week in
the trend of all ommodities-making
the fourth reaction since the upward
movement started in early June As
this decline measures only one-tenth OF
one per cent, there is no cause for
alarm. Out of IA individual groups,
seven declined, only two advanced. and
five remained the same as the previous
week.
All commodities showed very slight
downward move also this week, due
principally to such groups as industrial.
live stock, agricultural products. non
ferrous metals, paint materials, fine
textiles and vegetable oils.
Industrial Group.
Industrial commodities were also
included in the down trend this week,
reacting from Sc 10 500 This group
for the past two months has shown
marked resistance TO bearisll pressure.
A survey shows that business activity
is holding nearly 40 per cent under
normal. Production of raw materials
is lower than during the brief curtail-
ment In 1921. Security values are at
present only IS per cent of the 1929
peak. Commodity prices in general are
comparable with the 1902 average.
These factors clearly show complete
def1ation. and as result industrial
prices are sensitive even to rumors Of
economic reconstruction.
Agricultural prices, despite the slight
decline during the past week, still stand
"A per cent over the low point in early
July. Normally there is a seasonal
trend in agricultural products which
results in price weakness during the
period of heaviest market receipts. Be-
cause of the extremely low price level
that has been in effect this year, the
increase in supplies in distributing CEN
ters has had but little effect upon the
price trend. The commodities respon-
sible for the decline were the principal
grains and potatoes.
Live stock prices also experienced q
very slight falling off in their trend
this week. Even the cattle prices were
increased This was offset by a lower
ing in hog prices. Statistics show that
stocks of meats and provisions are ma
terially under the average Of the East
five years. This is offset by the marked
decrease in the per capita consumption
as affected by unemployment and pur-
chasing power The Government sur
vey shows that stocks Of cattle. hogs
and sheep on the farms are larger than
the average OF recent years.
Metals Lower.
Non-ferrous metals were lower, due
almost entirely to price weakness in
lead and zinc, although silver and tin
featured In the decline.
Fine textiles showed quite q substan-
tial reaction this week, due principally
to cotton and silk, while cotton yarns
showed slight improvement.
The two groups which increased this
week were fuels, due to slightly higher
prices for soft coal at the mine, and
hides and leather. The groups which
did not change were building materials,
ferrous metals, paper and pulp and
coarse textiles.
Most important price changes in the
McGill weekly price indices:
Evening star., 1932-10-02
Bethlehem Steel Expands.

NEW YORK, October R.-
Through the acquisition of the Seneca
Iron & Steel Co., Bethlehem Steal Cor
poration has extended its expansion
program. Last year Bethlehem acquired
the McClintic Marshall Corporation,
Hay Foundry & Iron Co, Levering &
Garrigues and Hedden Iron Construc-
ton Co.
Evening star., 1932-10-02
CORPORATION Dividends.

NEW YORK, October / R-The
aggregate Of corporation dividends pay
able during october is estimated at
$3.50, 100000. The largest individual
payment will be that of American Tele-
phone g. Telegraph Co., amounting to
approximately SAP 100000 on October
IS. Approximately 1,500 corporations
paid their dividends today.
Evening star., 1932-10-02
Gold Stocks Increase.

NEW YORK. October LP,.-Gold
stocks of the United States increased
S3,275,500 yesterday The New York
Federal Reserve bank announced i'm
ports of $1,o79, 300 from Holland, $2l8,-
700 from Mexico and $4,000 from
Switzerland. In addition, Sl,967, 500
vas released from earmark.
Evening star., 1932-10-02
B. & 0. Car Lcadings Gain.

NEW YORK. Oc1ober l GP.-Balti-
more & Ohio's car lcadings in the first
20 days OF September totaled 123, ,222,
en increese OF 1864 over the same
period of August.
Evening star., 1932-10-02

CONTINUED of Page -
Evening star., 1932-10-02

Copyright, 1922
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-03-15
Legal Bids, Proposals

NOTICE TO BIDDERS.
Notice is hereby given that the Board
Indianapolis, Indiana, will until the hour
OF 800 o'clock P. M. Tuesday, March
18th, 1882, receive separate sealed bids at
indianapolis. Indiana, for:
l. Alterations to urinal system at School
No, l2-739 South West Street.
2. Alterations to urinal system at School
No, In. w. Corner West & 18th Streets:
3. Alterations to urinal system at School
No; SIN. E. Corner Olney st. g. Roose-
welt Avenue
4. Alterations to urinal system at School
No. 70-46th St, Between Central Avenue
and Park Avenue.
All in accordance with the plans and
specifications prepared by the engineering
A copy of the several plans and specif1-
cations for each OF said alterations and
s additions Is on file at the office of the
House Indianapolis Indiana, and copies
are also on file at the office of the Board
of School Commissioners, $50 North Me-
plans and specifications may be procured
by persons desiring to bid, from the
Owner upon the deposit of fifteen $4,000
dollars as security for their return in good
condition to the office of the Owner not
later than the date upon which the bids
are to be received.
Bids will be received for each job COM
plete.
Proposals must be made on blank form
No. SO, as prescribed by the Indiana State
Board of Accounts. Said blanks may be
procured at the office of the Board $50
North Meridian Street, Indianapolis, IN
diana.
Proposals must be accompanied by a
certIhed check drawn payable to the Board
of School. Commissioners of the City of
indianapolis on an Indianapolis Bank
or Trust Company, for three -
bid. Said three 81 per cent to be held
by the Board until bids are rejected.
Checks of the successful bidders to be re-
turned when contract and bond are
In case a bidder whose bid shall be ac-
cepted shall not within five 5) days after
notice OF the acceptance of his bid. per-
form his bid by entering into a written
contract with the board, to perform the
specifications. and within that time secure
the performance of his contract by surety
bond, with surety or sureties to the ap-
proYal OF the Board. his certified check
and the proceeds thereof shall be and re-
as liquidated damages agreed upon for
estimate the amount Of damages such
failure would occasion to the Board.
Each proposal for one of said four Jobs
With writing. thereon plainly indicating the
character of the work to which the bid
relates, as for example: BID FOR
gERINAL SYSTEM >, ALTERATIONS FOR
The right is reserved by the Board to
reject any or all proposals and to refrain
from accepting or rejecting proposals for
not more than fifteen (15) days.
BOARD OF SCHOOL COMMISSIONERS
THE CITY OF INDIANAPOLIS.
Indianapolis. Indiana.
March Is. 1882.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-03-15
Your Vacant Roon-Use Times Ads-Call Riley 1851
ANNOUNCEMENTS

3 Funeral Directors, Florists
j. G. WILSON
1880 Prosoeet DIT 133l-03zz
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-03-15
ROBBERY DENIED BY
EX-BUTLER STUDENT

Lawrence white to Be Tried Friday
on Bus Holdup Charge.
Pleas of not guilty to charges of
robbery and petit larceny were en-
tered today by Lawrence White, 81,
former Butler university student,
when he was arraigned in criminal
court before Judge Frank P. Baker.
Trial of White was set for Friday.
Police are said to- have a state
ment from White that he needed
money to make up a $25 a month
payment he had been sending his
brother who is attending a divinity
school in Iowa.
White is accused of taking $40 in
a holdup of Roy Hutchinson, 5235
Aletha avenue, Peoples Motor
Coach Company bus driver.