davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
U. S. DOLLAR STEADY
Domestic Gold Price Continues at
S34.06 an Ounce.
by L HttCU PfcSS
ACHIMGTOM

7
WASHINGTON, Jan. 12.-The
government retained its domestic
gold buying price at $34.O6 per ounce
today.
This was $1.71 above the world
price set in London today at 1877
shillings 2 pence, up a penny from
yesterday. Based on the opening
pound sterling exchange rate of
s5.08%, this was equal to $32.35 an
ounce.
The dollar remained at 6O.69 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Company Appears Solvent

In the case the nerborough too there to inquire why
the recevehp AS of Dec 1888
equivalent of approximately $16Oo0OOO Its $31672O0
bonds by S54989O00
considerably the full of the
approximately
public until 1866 and S10500O0O
lures could easily be paid of The
city SUI
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
STOCK VALUES
IRREGULAR IN
SMALL RANCE
Bonds Continue Strong and
Active; Cotton Down
2 to 7 Points.
Average Stock Prices

Average of thirty.industrials for Thurs
day. High 100 49. low 9377 close 80 SO.
Of 80. Average Of twenty rails: 2-22
ae "a Aa4 4ss up OF 81 ."e RT
erage Of forty bonds: 1907. up SO. Az
erage Of ten first rails. 80. up II Az
erage Of ten second rails: 1852 up lib.
Average Of ten utilities: 927i, up 80
Average Of ten industrials: s8.77. up 40.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Chicago Stocks
Abhott. Hoppln 3 co.
Indianapolis Cash Grain

Jan. IL
The bids for car lots Of grain at the
call Of the Indianapolis Board of Trade.
(. o. b. shipping point. basis 4liz New
York rate. were:
.Wheat-Weak: No red. s2ads3l &C:
No. red. sli7QS2i7c; No. hard. sIlaG
S2i7c
Corn-Easy; No. white. 43iaa44Iac;
No. white. 42izG 43lac; No yellow. 43
q SAC; No. 4 yellow. 42m 4sc: No } mixed.
IL a q 42i2c; No. mixed. 4oi7a4Itac
Oats-Easy; No white. 33iad34i2c; No.
white. 1922 33l2c.
Hay #. O. b. country points taking % &C
or less rates TO Cincinnati or Louisville
Steady; No l timothy, s1.50ds: No. 2
timothy, s7a75O
Inspections
Wheat-No. l red. ! car: No. 2 red. /
'car; No. red. car; No. hard. cars
No. ; hard l car Total. cars
Corn-No. white. car; No. } white.
cars; No white, l car; No. vellow
car; No yellow. 3 cars; No 4 yellow.
IA cars No. 5 yellow. car. Total IS
cars.
Oats-No. 2 white 7 cars: No white
Z cars; No. white. cars. Total. II cars
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Wall Street
Decision of Supreme Court in National Radiator Case
of Prime Importance to Investors.
by RALPH HENDERSON,
Times Special Financial Writer

rendered the
the National Radiator Corporation of vital Importance at this
the land has
tricks which
preference will tolerated
which
subsequent reorganons unjust to
proceedings
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Other Livestock

FIT. WAYNE, Jan. -Hogs-Receipts.
10@15c higher; 10000 lbs. $3.50; 20o-250
lbs, SO So 250-300 lbs, So 40 300-35O lbs,
$685. isoiGS S Ss $685. $ D bs
So so; roughs, $3.50; stays. $3.50. Calves,
Sc so; lambs, S775.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12

bV tHIttu FFtsS
demand, steady to nc lower: No. 2 red.
9ol2c. nominal: No 3 red 80 a GOO: Nc
2 red garlicky, 9ol2c; No. 3 garlckv 90c;
No ! hard. BIC. Corn--In fair demand
&c lower: No. yellow Sic: No. vel
low. soc: No. 4 yellow 49, a 48iac Oats
In good demand, unchanged to ! &C lower;
No white. 39l2c No white. 38i2 a 39c :
No white. 3sc: No. / mixed. s9I2 a 4oc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12


Reorganizations are excellent instruments for
making insolvent companies solvent and for permit
ting them to remain in business. In great many
instances other available for protect
ing the assets Of corporations and for securing for
stock and bond holders all of the benefits possble
But it is imperative that all Of the dealings in such
instances be fair and above board. Otherwise secu-
rity holders likely to fare much better by
pension Of activities and the sale of the companies
assets under the hammer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12

TREASURY STATEMENT
jan 12-
Net Balance for Jan. 10 . 1894. 664, $50. 46
Misc. Int. Rev. Rcpts. 5,841 424 %
Gus. Recpts (month to date 8,607222.5l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
LR.T. Stockholders Not Represented

The proceedings nov being conducted looking to-
ward the unifcaton of the traction properties in New
York City call attention to case where large group
of stockholders are not being properly repre-
sented in an important development No stock
holders, nrntectiue committee haen fnrrned
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
NEW YORK CASH GRAIN

By United Press
NEW YORK. Jan. 1l-wheat- \
red, 81 90; No. hard winter. Sl.02 Corn
No 2 mixed Soc. OatS-No. 3 white
47Ac. All quotes c. T. F. New York
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quota
tons from leading Indianapolis coal deal
ers. cash discount of Is cents per ton
Is allowed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12

Close Close
Alum Co OF A. ia Gulf Oil of Pa 6O34
Am Beverage. 1@s Hiram Walker. 56I2
Am Cyanide B. IT Hud Bay Min, 91e
A &For P W. !. Humble OIL 36
Am Gas & Ell. % Imp Oil Lite 1879
Am Superpwr Q Int Petrol 90
Atlas Corp Ill Lake Shr Min AS
BRAZIL TT & Lit 1928 Lone Star Gas, 63a
Brit Am Tob A 1888 Massey Harris. :. $50
Brit Celanese. -. 3l2I Mt. Prodcrs. 438
Can Indus Al Al9l2 Natl Bellas H. 218
Can Marc ..... "a Nemont MIR 49,. 81
Cities Serv.. "a Ma Hud Pwr.
CommonW Ed. 46l2 Novadel Agene so
Con Gas of B. 5434 Pan Am Airw 485s
Cord Corp 49,. Penn Road 49, 25s
Creole Petrol. 1914 ST. Geg Paper. 31s
Crn Cork Intl. 67s Calf Or Prod. 6ss
Deere & Co.. 20 Sherwn WINS 5l5a
Distillers Linn. 2l3s Std of Ind. 517s
Distillers Corp. 1858 Std of Ky...15
Ell Bind & Shr. 1872 Stutz Mts 5
Fisk Rubber. .l0ss Technicolor Ind SH
Ford of Can 1893 Teck Highs Gold 59z
Ford of Europe 1919 U Pwr & 1t A.
Gen Aviation :. 5H Writ Hargr Min Z
CT All Il Pac....127
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
ST. LOUIS CASH GRAIN

City grain elevators are paving IS cents
for NO. soft red wheat. Other grades
on their merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Bank CIearings
INDIANAPOLIS STATEMENT

Jan. II
arings NEUTRALITY-SUSPICIOUS.. 226. 600 90
DTS ...................... 1884. 900. 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
In the Cotton Markets

The deer in our national parks
decreased from 969,330 in 1881 to
946, 546 in 1882.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
Foreign Exchange

BY Abbott. Hoppin & Co.
Jan. IL
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-12
New York Curb
Close

BY Abbott. Hoppin & Co.
ION II
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16

OuTI1S the Twelve months enQ6O
June 80 there was considerable
change in the financial setup be-
cause of the large increase in busi-
ness. Notes payable were S97,-
100000 larger, while advances in
creased by more than see, 900. 900.
Cash and securities gained S14,-
100000: net working capital was up
S14, 100000. while SURPRISES increased
nearly s6900.000. On Oct. l a IS
per cent stock dividend was paid, so
that total shares of common stock
outstanding now total 2,514,941.
Commercial Investment Trust has
shown very steady earning power
right through the depression. A
gain in business increased earnings
last year to s3.55. while for the first
six months of this year $252 was
earned on the old capitalization.
The corporation has been lib
eral with dividends. On Oct. l Of
this year a stock dividend of 25 per
cent was paid and the annual 81
cash dividend rate. which has been
maintained since 1882, is continued
on the new stock.
Commercial Investment Trust was
incorporated in 1924 in Delaware.
Both classes Of stock are listed on
the New York Stock Exchange. At
a current price of around 81 the
common sells to yield nearly 3ss per
cent.
(Au Rights Reserved. Winchester Institute
ofT1nance, Winchester. Nass.l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
PORKERS SHOW
BETTER TREND
Cattle, Lambs Unchanged;
VeaIS so Cents OFF at
$3.50 Down.

With receipts estimated at only
5000, porker prices were slightly
higher than yesterdays average in
early trading at the local stockyards
today. Most kinds were around 5
cents higher, while some light grades
were up more. Underweights held
steady.
The general bulk of $50 to 200
pounds, was selling from $3.50 to
$3.50. Weighty kinds, scaling 200 to
$50 pounds. brought $3.50 to S. Top
also held at $6. Holdovers num-
bered 299.
Extremely light lights, weighing
from 100 to $50 pounds, were bid in
at $40 to $485, while 100 to 100
Founders sold ate $285 to $685..
Practically all classes of packing
sows ranged from $475 to $3.50.
Early dealings in the cattle mar
ket were slow and about steady with
the previous close. Quality was
plain. Early supplies consisted
mostly of odds and ends valued to
sell at $3.50 down. Receipts were
500. Vealers slipped around so
cents lower, selling at mostly $3.50
down. Receipts numbered 800.
Early sales of lambs were mostly
unchanged, with few handy weights
salable at $3.50 to $6.75. Heavy
classes were under pressure. Throw
outs cashed in at $3.50 to SIS, while
fat sheep brought SO down. Re-
ceipts were 1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
AMERICAN TEL
BREAK To LOW
UNSETTLES LIST
Issue SIumps d Points to
New Bottom for Year,
Volume OFF.
ByLnttedPres,


NEW YORK, Nov. 16.-American
Telephone and Telegraph broke 70
a new low for the year at 1912 of
~ points today. unsettllng the rest
OF the stock market. Selling vas
.sscribed 70 impending investigation
OF the company by the federal COM
municstions commission.
Other pivotal stocks turned weak
Losses Of fractions TO more than
point we're shown by Atchison at
53A. Montgomery-Ws at %,
Westinghouse Electric at 339s, New
York Central az 81 and U. S. Steel
al 347s
The Dow. Jones utility average
broke TO a new low since 1882. Con-
solidated Gas issues made new lows,
the common at 223s, of Ia and the
preferred at 50lz, of ~. North
American made a new low at IL,
of x. Others of the group sold of.
Rails essed small amounts. Com
munications went down with Ameri-
can Telephone in the belief the fed
ersl communications might turn the
investigation to other units when 1t
finishes with Telephone.
Silvers made rather wide de-
clines. Tobaccos met profit-taking,
as did wet stocks, some of the mer-
camille shares and bAlding issues.
Motors held better than other
groups. Steels were only slightly
lower. Chemicals we're firm, as we're
automobile equipments.
Trading was lighter than re-
Gently. Sales to noon totaled $4,000
shares, against 100000 shares in the
corresponding period yesterday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16

Quotations below are average wholesale
prices being offered to buyers by local
commission dealers.
FRUITHss7;SCranberriss. Cape Cod. early
lers, 25-lb. box, 81. Grapes California
Emperors. 27-lb. box, s2-15. Persimmons,
Indiana. y dts, soc. Avacados. box, $3.50.
Apples. maiden blush. sl.5o: indiana tona-
Melons. California honey dews, SAYS.
Lemons. sunkist. 3sos s5.75. red ball. 36os,
IS. Grapefruit. 70s-s0s. s275. Lines per
carton, 12s, Csc: seedless per hundred, So.
strawberries, II box crate, s2.25n2 so;
California Rubarb $50 box; pineapples,
crate, S5.50q6.
.yEGETABLLs-cabbage. Northern DAN
Onions, Idaho. sweet Spanish, large 5o-iD.,
81 40; Indiana white boilers, lob bag,
35c; western white, 5o-lb. bag 81 as: Michi-
gan. yellow. s1.25. Potatoes. New Jersey
Cobblers. l00-lb. bag. s1.45; northern round
white. 1oo-lb. bag. 81; Ohios 100-lb. bag,
81 SIS; Idaho Russets. 1oo-lb. bag 81. Sweet
potatoes. Indiana Jerseys. bushsl. $50,
Beans. round sttringless, hamper. $225d2 rs
dozen. 35e. Caulihower, crate, 81 as.
Celery, Michigan. medium. dozen, 45c;
junior. dozen. 65c hearts. bunch. coo.
Cucumbers. dollhouse. dozen. 81 IS: Endive,
dozen. 4oc. Egg plant. dozen, so. Kale,
homegrown, .bushel, soc. Lettuce hot
81 so. Mint. dozen. soc. Parsley. dozen.
Csc. Peas-Hamper. s37514. Spinach
homegrown. broadleaf. hushel, Soc Rad
ishes. dozen. 45c. Toma toes outdoor. IL
IL. basket, 75c. nushel 81. Turnips home
grown. dozen Csc: pumpkins. dozen. $l2S.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
Federal Guns Trained ON
Fraudulent Stock Sales
Via SECS SeUen Branches
SquadronS Will PounCe on
Bucket Shops, Security
BOotIeqqers.
Copyright 1894. by United Press


WASHINGTON, Nov. 15.-Flying
squadronS will soon be established
in the nations principal cities by
the federal government for quick
raids on bucketshops and security
bootleggers, it was learned today.
Plans for the squads are nearing
completion by the securities and ex-
change commission, headed by
Joseph P Kennedy, to insure strict
enforcement of the 1888 securities
act and the 1884 securities exchange
act. The squads, composed of ex-
pert Investigators, will be stationed
in New York. Boston, Chicago,
Denver, San Francisco, Fl. Worth
and Atlanta, key regional offices CT
the commission.
A high commission official told
the United Press that activities of
the squads will be aimed to curb
fraudulent stock sales. The raid
ers will not be interested in the
work of the stock exchanges them
selves.
Similar to Dry Raids
I'VE will be as firm in suppressing
these activities as We are lenient in
protecting the honest dealer" he
said. Work of thesquads will be SIM
liar to raids on stills and gambling
dens in driving out this form of law
violation.
Despite the securities act" he
said, I'VE are receiving complaints
continually that stocks are being
sold fraudulently and by misrepre-
sentation. Many of those offered
are not registered as required under
the law"
Penalties for such violations in
clude maximum sentences of $1,000
fine or five years imprisonment or
both.
Seen As Cheaper.
1--WE feel that the regional Offices"
the official said, will prove cheaper
and more effective in the long run
than by directing the activities from
Washington headquarters"
In addition to the fraudulent
securities problem, the investigators
will be assigned to war on bucket
shops and what he called a recent
wave of "gyp artists" who are prac-
ticing the old sell and switch"
securities racket.
1.-The honest man has nothing
whatever to fear in this. Reputable
bankers and brokers are co-operat-
ing already with us in our efforts to
clean up the situation because they
know that unless stock is honest,
the public will lose confidence" the
United Press was told.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16

HOUSING BODY
NOW FIRST IN
HOME ACTIVITY
Home Owners Loan Corpo-
ration RELOCATED to Sec
ond Place by Move.
1884. BY United PRESS

Copyright 1884. by United Press)
WASHINGTON, Nov. 16.-The
Home Owners Loan Corporation,
born little over year ago amid
much fanfare as an emergency Or
ganization to relieve thousands Of
Americas distressed home owners,
today was relegated to second place
in favor of the new federal housing
administration.
Announcement that the Hole
will accept no more applications for
loans is believed to mean primarily
that the administration is turning
back to private lending institutions
in its efforts to stimulate flow of
credit.
"A great many of these applica-
tions being filed with us can and
should be taken care of by private
lending agencies" HOLC Chairman
John H. Fahey said.
Bank Cooperation Lacking
The FILA has encountered consid-
cradle difficulty in getting banks to
cooperate in working out the new
homes project. Two reasons adj
vanced for this are that organization
of an entirely new division within
the bank would be required to han
die this business, and that if banks
started this business, they might
antagonize large mortgage COM
M MAG O00d efaVoooue &c 4Lao Lo.at~1
Withdrawal of the Hole from
the lending field quite definitely will
act as stimulus for FILA plans
Applica tons now on file with HOLC
will all be considered, but corpora
ton officials believe that they now
have more than enough to use all
the $1,000 600, 900 remaining credit.
THE corporation already has dis
bursed approximately $4,000, 0O0,0 00,"
directors said, ito finance mortgages
on $4,000 homes. The remaining
81 200, 100000 at the disposal of the
corporation is expected to care for
some 100000 applications now pend
ing.
Are Well Advanced
"A large part of these applica-
tons are we'll advanced in the pro-
cess of examination and approval,
and will probably be completed and
the loans closed by February or
March, next"
Mr.. Fahey said about 1,750,OO0 ap-
plicationS have been received. which
would indicate that approximately
100000 applicants will be refused
loans.
"a careful resurvey of the situa-
ton satisfies us that a very sub
stantial proportion of these applica-
tons are not eligible and can not
be accepted by the corporation,
Mr.. Fahey said. 1--WE continue to
receive thousands of applications
which we find after investigation
are not eligibleand can not possibly
be made the basis of loan"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
RETAIL STORE SALES
AT PEAK IN OCTOBER
Public Spent S454,326,OOO in Estab-
Iishments During Month.

By Times Special
NEW YORK, Nov. ia total of
S454, 326 900 was spent by the Amer
lean public in department stores,
mail order, general chain and va
riety stores during Ostober, the
highest October sum since 1881, the
international statistical bureau re-
vealed today.
Last months figure contrasts with
$4O4 ,O62 900 in the preceding month
and 1899 ,276,O0O in October last
year.
The bureau pointed out that with
the holiday buying period ahead
sales for the first ten months are
within less than s5OO,O00,0O of the
entire total for 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
Other Livestock


1880 lbs. S sCgs soS; ss - lbs. ss.7s5
d5.70; 190-210 lbs, $5.40d 570 230-26O
lbs, s5.75@585; 210-23O lbs. SIS: 60@5:70:
l9O-21O lbs, SIS 400 5 so; 160-lso lbs. $50
as 30; pigs. 81 so down; roughs. $3.50
down; calves. SOC lower; S. down; lambs,
steady; Sc down.
lBy Times speciaD
LOUISVILLE. Nov. 16-Cattle Receipts
200, salable supply very light, quality
plain: market slow quotable around steady;
bulk common to medium steers and heifers
salable. $364.50; better finished selections
quotable around Sc; bulk beef cows, 81 rs
a2,75; practical top So; low cutters cutter s9 q
Oats; beef type stock calves mostly, $45
as; common to medium grade stockers
ers fully SOC; lower; most better grades IS
0550; strictly choice S. medium and low
er grades $3.50 down. Hogs-Receipts,
500. steady top and bulk better 100000
1O0-135 lbs, $3.50; sows. $465. Sheep
Receipts. 100 market generally steady;
bulk medium to good lambs ,s5.5o@6;
choice eligible higher; bulk light throw
outs. SO so; better Tat ewes, $1.50G2.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
BEEF STOCKS ON HAND
GREATEST SINCE 1929
Storage Supplies on Nov. TotAled
I0s.O70.Oo Pounds.

81 IfWes Special
CHICAGO. Nov. Ie.-Beef supplies
on Nov. l amounted 10 10s,O70, 900
pounds. a new high record and an
increase Of 1880 900 pounds during
October.
This years total more than dou-
bles the average stocks on hand az
this season during the last five
years. Last years supply at this
time amounted TO SO. 233. 900 pounds
while the average for the fiye-year
period was S3l20 900 pounds.
The sensational increase is at
tributed mostly to the heavy
slaughtering OF relief cattle during
the last few months. The present
supply represents about 100000 cat
tie. Pork in storage on Nov. to-
tailed 49e. $4,000 pounds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
FORD MOTOR ARRANGES
FOR MILLI0N-CAR YEAR
st. Louis and Long Beach, Cal. AS
SembIy Plants to Be Opened.
By Times Speciot

By Times SDeci0J
DETROIT, Nov. 16.-Clearing the
way for the promised production of
100000 cars next year, the Ford
Motor Company has announced that
the Long Beach, Cal, assembly
plant will be reopened soon.
The company also confirmed re-
cent reports that the assembly
plant at st. Louis also will be re-
opened.
A new sales branch has been
opened at Green Island, NJ Y, and
the branch at Charlotte, N. c., has
been reopened.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
Wall Street
by RALPH HENDERSHOT-
Times Special Writer

NEW YORK, Nov. 16.-The Home
- Owners Loan Corporation has
stopped accepting applications for
loans until further notice. The
reason gwen for the action was that
applications already exceed present
resources Of the corporation. The
announcement read as II the stop
page was only temporary, but many
people in the financial district were
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
FRUITS AND VEGETABLES
nv limited Press,

fbV United PresSI
CHICAGO Nov. s.-Apples-Miehigan
Mcintosh bushels 2iz-inch. Sl.75a2
JonathansN 81 50Gl s. Lettuce-Celifor-
MA. crates, 50 25d265 Sweet potatoes
TENNESSEE bushels. eoc dSl: few. silo
Celery-Michigan. crates. 40d s5c; squares
fats. 40 soc Oregon Csulihover-Crstes
75cHsi25. Spinsch-Missouri bushels 20
a Soc Observation-Disclosures = bar
rels. So 500 SIS Carrots-Ilinois. bushels
40a soc: punches. iiz92izc- Celery
ACKNOWLEDGMENT. fat crates. 500 40c
Bests-Iliinois and Indiana bupches Ia
n &c. Oniors-IlnoiS. green. punches. 5
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
KELLY HEARING DELAYED

o 7 tWb8 bpecfuG
JERSEY CITY, Nov. 16.-A hear
ing on an application for the app
pointment of receivers for the Kelly
Springfield Tire Company, whio
was scheduled for early this weel
has been postponed until next Nom
day, according to Vice. Chancellor
Charles M Egsn.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16

inclined To beueVe
that II would be
permanent.
The corporation,
of course. has served
it's purpose to a
very great extent,
assuming that now
We definitely are on
the road TO recOv-
cry in general busi-
ness. Most of the
emergency c Isl S
which could be
taken care Of have
haof, HO~IaI 70
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-16
Trends
Frazier-Lemke Act
Nears Ruling By
Supreme Court.
b. VINCENT s. LYONS .
Times Financial Editor

THE Frazier-Lemke act. that
- much pubhcized piece of iegis-
lation pertaining 70 farm mort
gage moratoria. is rapidly reaching
the stage where the United States
supreme court will rule on It's va
lidity. The latest episode in the
history OF the act took place this
week at Louisville. Ky. where a
federal judge upheld II. About two
months ago a Maryland court
ruled against the measure.
There has been considerable dis
cuSsion recently 10 the effect that
several acts, created by the admin
istrstion IN Its efforts 70 end the
depression, are 10 be pushed along
in such a manner that the highest
tribunal in the land will have an
opportunity 10 rule on their consti-
tutionalty. The agricultural ad-
Iustment act is one OF these.
Il s doubtful. however. whether
the farming population Of the ma
ton Is concerned as much with all
Of this as 10 Is with the ultimate
decision 10 be made in regard 70
the FraHer-Lemke act alone. And
banks, particularly those in the
rural sections which hold consider
able farm mortgages. naturally are
anxiously watching each step.