davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
New York Cotton
BY the Associated Press.

BY the Associated Press
NEW YORK. June 9-Cotton had
a moderate advance today on further
trade and commission house buying
inspired by unfavorable views of the
weather news and the action of the
grain market.
October contracts sold up to 1888
during the early trading. making new
high ground for the movement. and
after reacting to 1926. under realizing,
closed at 1890, or within 3 points of
the best. The general market closed
steady at net advances of 8 to 10
points
The opening was 6 to points higher
in response to reports of continued
showers in the Eastern belt and re-
newed talk of proposed Government
purchases for distribution to the needy
The buying. partly from Wall Street
and Western sources. was stimulated
by the sharp opening advance in
wheat. Gains soon extended to 1909
for July and 1914 for December with
active months generally up from 10
to Is points.
This carried prices nearly half a
cent above the low levels touched on
the reaction earlier in the week, and
the demand tapered off somewhat
while realizing became a little more
active. but closing quotations were
within 2 or 8 point of the best
The amount of cotton on shipboard
awaiting clearance at the end of the
week was estimated at 131 900 bales
against $4,000 last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
TRADING is RESUMED
ON WHEN-ISSUED BASIS
BY the Associated Press.

BY the Associated Press.
NEW YORK. June 9.-Following a
ruling by the Federal Trade Commits
sion, the New York Curb Exchange
today authorized the resumption of
trading in the reorganization shares
of Armour & Co. of Illinois on a
"when-as-and-i issued" basis. Trad
ing was discontinued in this group,
along with other when issued"
shares. several days ago upon the as
sumption that it was in violation of
the registration clause of the securi-
ties act.
The trade commissions latest de-
cree. however, held that the form of
contract generally used in trading in
a "when-issued" security need not be
registered under the securities act of
1888 if the terms of the law have
been met relative to the registration
of the stocks or bonds themselves.
Similar action was taken by the
securities market on the New York
Produce Exchange with respect to AL
leghany Corporation new "when-is-
sued" prior preference convertible
stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
BONDS MAINTAIN
UPWARD COURSE
Realizing Reduces Majority
of Advances Before
Sessions End.
BY VICTOR EUBANK,

Associated Press Financial Writer.
NEW YORK, June s.-The bond
market maintained its forward trend
in todays brief session, but profit
taking near the close pared the ma
tority of advances
The trading volume was excep-
tionally large for Saturday, trans
fvrs totaling $9.441 900, par value,
compared with S5.526 900 in the same
day last week. The Standard Stats
tics Co. average for 60 domestic cor
poration loans showed a net gain OF
one-tenth of a point at 86.2. On the
week this average was up seven
tenths of point.
Junior Issues Improve.
Secondhand bonds accounted for most
of the improvement. Prime invest
ment loans were generally unchanged
to only slightly higher. The inability
of stocks to repeat their squirt of yes
terday caused realizing in various
bond departments. Less favorable
news concerning the threatened steel
strike was also restraining factor
The rails were the most active.
Gains of fractions to a point or more
were held by some issues of Allegheny
Corporation, Baltimore & Ohio,
Chesapeake Corporation, Chicago &
Northwestern. Denver & Rio Grande.
Great Northern. Illinois Central,
Louisville & Nashville. Missouri
Pacific, Nickel Plate, New York Gen.
trail, Southern and Texas & Pacific.
The days best advance was re-
corded by Colorado Industrial SIS
which were up points following a
court order for the payment OF the
August coupon. Interest has been
in default on this issue. Bonds of
Armour & Co. developed strength and
a firm tone was displayed by issues
of Paramount. Postal Telegraph,
Studebaker. Utilities Power g. Light
and Warner Bros.
Home Loans Active.
A turnover of nearly 100000 in
home owners loan As was the feature
of the Government list This issue
finished o-thirty-seconds of point
lower. Other Federal loans were quiet
and trifle easier.
Dizziness ruled in the foreign divi-
sion. German government 5i2s and
Is dropped to new lows for the year,
but rallied to close fractionally higher.
Other Reich obligations were heavy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10

until July /, and the commission is
given wide discretion in drawing I'D
its rules and regulations as to the
information required, although the
law specifies many subjects which
should be covered.
Certain Items Suggested
D., The new law reads that registra-
ton applications shall contain such
: Information. in such detail as
the commission may by rules and
regulations require, with respect to-
a long list of subjects, including Or
ganiZation. financial structure, ma
ture of business, terms of security
offerings during the preceding three
years. remuneration to other than
officers or directors exceeding 500 900
per annum, prof1t-sharing arrange
ments. service and management con-
d tracts. options, balance and profit
and loss sheets for three preceding
years, and such other statements as
the commission may consider nee
essary.
Also. information is suggested
with respect to 1.-The directors. Off
GERS and underwriters, and each Sc
curity holder of record holding more
than 10 pei centum of any class of
any security of the issuer .,
their remuneration and their inter-
est in the securities OF, and their
material contracts with. the issuer
and any person directly or indirectly
controlled by, or under indirect COM
mon control with the issuer."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10

Continued From First Page)
up and should con continue for the
rest of this month unless sales further
decline.
Steel operations reached their high
est level since July, 1888, because
consumers wanted to get goods at
second quarter prices and before a
possible strike. Tin plate operations
were down 10 per cent, but in the
IL months ended May 81. 48,200 900
boxes or 100000 over the 1929 rec
ord, were produced as mills and con-
sumers built up stocks. Fabricated
structural steel bookings of, 10000
tons this week were the largest since
mid-January
Bituminous coal mining is 80 per
cent ahead Of a year ago, though
shipments are now declining. Crude
oil was cut to the Federal allowable
Gasoline stocks shrank. Lumber Or
ders rose. but the longshoremen' S
strike on the Pacific Coast cut pro-
duction.
There were fewer buyers in the
Nations primary markets last week
than any week thus far this year.
The drought cut orders from the
West. Midwest and Northwest, but
travelling statesmen turned in fair
orders from the South and the Pacific
Coast.
Retail distribution" reports Dun
& Bradstreet. Inc, in its national
weekly business survey. has taken a
more decisive step forward, stimulated
by the needs to combat excessively
high temperature and the growing
vacation requirements, with sales for
the week averaging to per cent
higher than in the previous seven-day
period, and 10 to IS per cent in excess
OF comparative 1888 totals.
The reports received from cities in
the drought States were even less en-
couraging than they have been for
the last fortnight. and the volume
gains made by both wholesale and
retail trade during the early months
OF the year over 1888 have been almost
entirely wiped out"
(Copyright 1a34)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
NEW YORK PRODUCE.

obs; steady. Creamery. higher than ex-
ira. o4a4a25iz; extra (a2 scorel. 24h;
first tSS to 81 scores). 23Aa24h; other
Cheese: 157,6Os; firm. Prices un-
changed.
Eggs: Ss.aS5; irreeuiar. Mixed colors.
special packs or selections from fresh re-
ceipts. 1SAa22: standards and commercial
standards. 1sa1s%; firsts. 1914; seconds,
ties. Q; /. 40 pounds. 14A: mediums and
dirties, undergrades. unduoted; other
mixed colors UNCHANGED; white eggs all
1sba1SN; other browns unchanged.
Dressed poultry steady to drm. I'M.
changed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
U. S. STEEL DISCL0SES
GAIN IN SHIPMENTS
BY the Associated Press.

By the Associated Press.
NEW YORK, June 9-Shipments
of finished steel products by the
United States Steel Corporation in
May increased 102,054 tons to 745 ,063
tons compared with 643,009 in April
Shipments in May were the largest
for that month since 1881. The 745,-
063 tons with f55,3o2 in May of 1888
338,202 in May 1882, and 764.l7s tons
In May of 1881.
For the first five months Of this
year shipments totalled 2.693.558 tons
compared with, only 1,6o8,4S3 in the
like period of last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
COttOnseed Oil.

Bleachable cottonseed oil was steady
on covering for over the week end ad-
journment and scattered local and
commission house buying promoted by
the steadiness in cotton and lard and
the firmness OF grain. Final prices
were unchanged to 4 points net higher.
Sales were l6 contracts. Bleachable
spot nominal; July closed 5.26, Sep
TENDER, SAB, october, 5.76,S January,
5.78.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
GAINS DISCLOSED
BY CHAIN STORES
May Sales Total $178,214,291
Compared With $151, 2o3,017
Recorded Year Ago.
BY the Associated Press.

NEW YORK, June "a compila-
ton of recent reports of chain stores
shows sales of "a such concerns. in
Guiding mail order houses. were
sl78,2l4.29l in May, compared with
sl51 ,203,017 in the same month last
year.
The two mail order houses alone
reported sales for May aggregating
S48,4l9,5 83, contrasted with $50, $685.
3l4 in the same month in 1888.
The group included grocery chains,
and 10 cent stores, shoe and drug
concerns
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
CLEARING HOUSE ISSUES
REPORT AT NEW YORK

BY the AssocIa ted Press.
NEW YORK June Q. - The weekly
statement oil the New York Clearing
House shows:
Total surplus and undivided profits,
$500: 100000 tunchanged); total net de,
mand deposits taverase), S24.124. 900
Grcrease): time deposits taverage). S4.-
$4,000 increase; clearing week ending
today. S3,15l,261.143; clearing week
ending June 2. So. 500 ,676.656.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
C. & O. LETS CONTRACT.

EAST CHICAGO, Ind. June ,P-
The Chesapeake & Ohio Railroad has let
a contract for $3.50 steel gondola freight
cars to the General Transportation Corpo-
ration. The work was expected to pro-
vide employment for several hundred men
for the next six months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10

U. s. eovERNMENrsoNps.

-1034- Net
Rgh. Low
Mtge
l02 II 1919 coupon 3ias ga. 1922 l0l "a l0lH
Home Owners Loan
100 81 1909 Corp 3s so. 100 % 1909 100 10 10
Home Owners Loan
1O1 % 1o012 Corp 101 % 101 9 1o1 10 .12
LIBERTY BONDS.
1O4 1904 Lib 3s 1s32-47 1913 80 100 20 1903 % 3
lO4 ~ 101 Lib LIST 3247 .103 2S 103 10 103 20 5
1O4 10 1O1 90 Lib 4th $685. 104 1903 n 103 81 IS
lO2 ls 101 20 1898 CID 101 20 l0 20 l01 20 10
TREASURY BONDS.
1011 U 1s51-65 100 "a 100 Is 100 81 IS
1923 U 3hs 1868. .1O1 81 1O1 ~ 101 81 "a
lO4 20 81 81 U sils rs 1O4 20 90
102 81 1917 US3ks 1896 102 81 102 "a 102 % +5
10427 800 Us3%s41-4s Mar. l04 n 1044 lo427 ~
104 Is 90 "a 3s 40-43 Jun. 104 Is 048 104 81 +23
1O4 Is 90 20 3A 1s4347. ID 1913 10412 +l2
1Os % 1908 SsEs 1s.4s.5s, lO6 1O6 IA los II 3
1Os IL lOl 21 U IS 1s44-b4 lOs IL 1O7 80 1Os +s
112 Is 1O4 21 AVS 1s47-52 ZIP Is 1921 112 Is Ito
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10

~ AVID BORNET, trust officer
of the National Savings &
Trust Co., has been with the
- same institution "a years to-
day. On June 10, 1910. he
entered the employ of the bank in
a clerical capacity in the trust de-
partment. After being graduated
from Business High School he received
a scholarship to the Georgetown Law
School, from which he was graduated
in 1918, shortly thereafter being ad-
mitted to the District bar.
For several months during the
World War Mr.. Bornet was in the
naval service. promptly returning to
the bank after discharge. He was
elected trust officer last April and
assumed his duties on May l.
At present Mr.. Bornet is secretary
of the fiduciaries section of the Dis
trict Bankers Association.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
U. S. TREASURY NOTES.

NEW YORK June P.-Prices quoted
in dollars and thirty-seconds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
Al pa Zenith Radio. ....n
ia 5 Zonits Products. ..

Dividend o the annual
quarterly haIf-ysarly
suns Of trading less than 100 shsres. tPartly
tPus o. in stock Paid last regular PAYABLE
In stock Payable In cash stock Plus 81
g
reiye
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
BIG FIRMS BUSY
COMPILING DATA
UNDER NEW LAW

Continued From First Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
PRODUCE EXCHANGE

NEW YORK. June lP,.-Produce Ex-
change stock list:
Sales in STOCKS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
RETAIL TRADE UP
DESPITE SLOWER
INDUSTRIAL PACE

Continued From First Page.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
Other Livestock
By United Press

BY United Press
PITTSBURGH, March 26.-Hogs-Re-
and bulk, IS; 16O-23O lbs. 50 300 240-
300 lbs. s465q485; 13O-145 lbs $4,000
375: 100-120 lbs. S3d325: soWs. mostly
s375. Cattle-Receipts. 400; steers and
yearlings slow, steady to easier; quality
not as goood as last week; top load
$50; some held higher bulk medium to
good steers and yearlings S5N 6.10; COM
mon, s4@4.75, heifers. about steady;
medium to good, $500 $50: best. up to
higher. bulls, s3.75 down. calves8 Re-
ceipts. 400; mostly so cents higher; good
and choice vealers s75003; mediums, Sc
a.. Sheep-Receipts. 1900; wool lambs.
i,9iy t. to sd lover bulk. good and choice
medium. s6n9; shorn lambs mostly ST.
q7.65; top s7.75; choice clipped sheep.
50; good and cohice spring lambs. $40 506I
II so Cattle-Receipts, TOO. market slow
and steady; all sold; choice steers. 750
$50; s4o-12oo lbs. $3.50 IS; heifers.
6oo-s5O lbs. s45O0 $50; mediums. s350G
4-5O; good cows. all weights. s2.75M3.5 50;
medium s2M250- Calves Receipts, 900;
market. fairly active and steady; few
prime vealers quoted at SO top with bulk
bringing $3.50 and lower; prime veals,
s7d8; choice veals, s607: medium. s5G S;
common; s3@ 4.50- Sheep and lambs--Re-
ceipts, 220: market steady to Is cents low
er in extremely dull trade good to
good ssa9 culls and cutters. s5G7;
choice clipped lambs. S7a775; medium to
good. s607; prime wethers sheep s546:
choice ewes. s4n5: medium to good. SO
"A, Hogs-Reeceigts, 2 100; market 10
$50 lbs, s4.4oa4 so: 1s0-220 lbs. $3.50;
i50-lS0 lbs, $3.50; pigs. l00-l4o lbs, 50;
roughs, s2.75. stays Sl.75.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
Deaths

Melissa Delanao, 49, Central Indiana
hospital arteriosclerosis
- Clydees A. Riegel, IS, Methodist hos
pneumonia -00'-
oo Clarence M Turner. Sc city hospital.
arteriosclerosis ''''
George w. smock. 80. Central Indiana
Ella E. Trachsei, u. 2O2s Rowland
cardio vascular renal disease.
Herman Taylor. 66, Methodist hospital
hypostatic pneumonia
Anna Buehler rs 1443 Prospect. cardio
vascular renal disease
Mary Ella Helphenstine. 70. 2944 Cornell.
cerebral hemorrhage
Charles Friedrich Cleveland 10 2271
washington Blvd. epitheloma
infant Simon. hours, Coleman hospital.
ob AbTam vandaworker. 90, 2s15 Gunford.
Frank L. Evans. 81 1850 North Penn
SyIpya9Ia. lo6sr pneumonia.
Tenth, broncho pneumonia
isaac Ephrian Buckles. 70. 1879 West
1hIrty-elghth. chronic nephritis.
h Catnerlne Gauchat, n, st. Vincent's
hospital. acute cholecystitis.
Katherine M. Eagle. a. 3544 COLLEGE
mltral reorganization.
Herman A. Blume, SO, city hospital
Matte Bacon, S. Fletcher sanitarium.
chronic myocarditis
Thomas J. Sachs, g. 21O5 East Twelfth
coronary occlusion
Louis Beansoe. SIS, city hospital broncho
pneumonia.
Winifred Epperson, 48, city hospital
uremia
William Thomas Blankenship "a
Methodist hospital. lobar pneumonia.
ervsipelas
Moses Rhodenberger, 95, COL Carrollton.
Jacob William Rubbish. r. city hospital.
chronic nephritis
encephalitis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
New York Bank Stocks
Produce Markets
(By Abbott, Hoppin & Con

Delivered in Indianapolis Prices-Hens,
nc. Leghorn hens. &c, Leghorn spring
cocks Sc; TeghornS COCKS, &c; ducks ducks f%ii
teathered and fat, AZ lbs and over &c.
geese. &c; young -guineas Ia to lbs.
OE old g gb zoe No strictly fresh
case must weigh SIS lbs. gross; a deduc-
ton, of 1oc a pound for each pound under
gle, No; 2, 27G28c butterfat. 28c,-QuOted
by Wadley.
Bv United Press
CHICAGO. March 264-Eggs-M Market I'M
settled; receipts, AZ, 667; extra firsts, l74c;
fresh graded frsts. l634c current receipts
l5ss4c; dirties, 1890; checks. 144c. Butter
storage standards 100 score. &c: extra extra
f1rsts (90-9112 score. 22A d22I26 firsts
$780, score). 21@2134c; seconds So
0112 score, 2012c; extras (92 score), 2234c;
specials, .23q2334c; standards. 23c Poul-
try-Market about steady; receipts &c
trucks, 2 cars due; heavy hens, 16c; Leg
keys, PC. Cheese-Twins, 1870 l3i2c;
Longhorns. 1880 lac; Daisies, 1894 a lac.
Potatoes-,Old stock. supply heavy; demand
and trading moderate; market steady;
Wisconsin round whites: car !$140; l car:
SSl;45: Mime Minnesota ga ana North Dakota Red
81 so a 1.55; Idaho russets, 81 7O61 IS: com
6in1ation grade. sl.6O y. S. NO Is, 81: 50;
It's; burlap bags. $1,000 / IS; new stock.
supply light. demand and trading mod
crate. market firm; sales to lObberS,
Florida bushel crates Bliss Triumphs 50:
bushel hampers s2.l0 Shipments Satur-
day, S99: Sunday, 3d. arrivals, 133 on
NEW YORK. March 26-Potatoes-
Steady; Long Island, s125@2.40 barrel;
southern, s1.75M 1875 crate; Maine s120
1880 barrel; Idaho. S2G225 sack: Ber-
muda s4d7 barrel: Sanada. S2G215 bar
rel. Sweet atoes-Quiet; Jersey basket,
40cG s1.75; southern basket. 50cG 81 .35
Flour-DDull; spring patents. S. 4o@6.65
sack. Pork-Steady; mess, s20.25 barrel.
Lard-Firm; middle west spot. s505G515
100 pounds. Dressed poultry-Quiet; tur-
eys, 1872 a 25l2c; chickens. d27c; broilers
14d 26c; capons. l9G $50; fowls. 13G16c:
Long Island ducks spring l60 lie; frozen
14l2 a 15i2c. Live poultry-Firm: geese.
7d9c; turkeys. 25G29c: ROSTERS 10c:
ducks, 8Gl2c; fowls. 13d lie: chickens Is
a l6c: capons, 22d 30c; broilers. 22G Csc.
Cheese-Quiet; state whole milk; fancy
to specials, 19c: Young America. 15l2M16c
Butter-Receipts. 1874 packages; market.
24laG 25l4c; extra. 90 score, 24Ft24i4c;
first, 80 to 81 score. 23s4 a 24c; first, SO
to SO score, 1914 2312c; centralized. 90
score, 2324c; centralized SO to 80 score,
z3i4 a 23i2c Eggs-Receipts, %. 1856 cases;
market, irregular; special packs, includ-
ing unusual hennery selections. 201z n 22c
standards. 1914 a 19l2c: frsts. 1874 a 10 &C
seconds. tic; mediums I634dl7c; dirties.
16s4 lie; checks. l6Gl6i4c; storage
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
Births
Boys


- Ebie and orpha Herendeen. city hos
Willie and Bessie Bellamy. s22 Darnell
Moore.
William and Elizabeth Beldon, 2so
Detroit
Wilbert and Mary Haney. $50 Eugene.
Mark and Geneva Demaree Deaconess
hospital
Donald and Edna overfeld city hos
pital.
Cornell
Lester and Novella woodley, 1877 West
TWenty-SeVenth.
lumbia.
Ralph and Nellie Bradford. s27 South
PASCAL and Bessie King. sos Minerva
William and Barbara Fink. 215 South
Harris
PAU and Loretta Cannon. 1868 West
Harry and Helen Workman. 1904 East
Sixteenth
Omar and Fannie Duncan. 3s9 North
Pine
Garvice and Ethel Eaton. 2o49 Belle
fontane.
Carl and Fay Wiegand. Deaconess hos
jasper and Willie. Hazelwood, 8O1 North
Centennial.
Robert and Mary smithson. city hos
Xerlie and Gladys Davis. city hospital
hospital.
Lewis and Wonnie Tlorckie. city hosp;taI
CLOAK and Pearl Erwin. city hospital.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
On Commission Row
MARCH 26-

Fruits
g, AsppplesmNeg York .Baldwins, fancy,
sapS, $3.50.
Oranges - California sunkist. $3.25@4;
Lemons sunkist s5.75: Red Ball. s5.25
GTiape9tdruit3ATizona seedless Dos. $2.75Q
stTaT6erTiesMFIOrida. pint. 1e017c; So
-, Strawberries pint. Ice: &c.
Pears-Florida. Avacados. $780, Caiavos
BananaswPer pound cents.
Vegetables
Cabbage-New Texas, $1.25 per half
'Fesi y0Sa 5sd RsE shsa"Dsr crate;
mammoth bunch Use: medium bunch, 45c:
hearts, dozen bunch, s135.
red $lsS: I dt Isl Spanish, slS5; ~ -
bag. 81, Red River ohios. s. 20; Maine
cures ss55 IDAHO 5SO RG GHieFsd0 u.s.
Wyoming Triumphs 5O-lb. bag, $1.25; New
FLORIDA. Trumphs $2I5:
bushel, So Porto Ricans, s1.85.
ragus-California select. crate.
Beans~Round. stringless, $3.50; new
Is Bsetsm s. s Texas; 3 dozen crate. SITS;
uIihower-california $3.50. 80
Rou 9eoS f5 RSr b aSke $15
Iceberg best, s3@5.5O a crate.
Peas-28-lb. hamper. S2.35
dozen; long White. $i.s5 per Sa' '9 dozen. 4''
Rhubarb-Hot house 45c bunch.
spinach-New Texas; 81 per bushel.
81 IS: Selected. ceiiophane wrapped $50:
original Florida. 20-lb. lug. $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
PORKER SALES
REMAIN STEADY
AT CITY YARDS
Cattle, Lambs Unchanged;
VeaIerS Prices Weak
at 81 Down.

Despite an increase in hog re-
ceipts at the Union Stockyards this
morning, prices on practically all
grades remained unchanged with
Saturdays average. Initial trade
developed slow and several buyers
were absent.
Early bulk of all weights was
selling at S425 to $3.50. Few gooo
and choice kinds were reported sal
able at S4.55 to $4.60.
General bulk of light weights,
100 to $50 pounds, sold at S34O to
$500 while light slaughter pigs
scaling 100 to 100 pounds, brought
S2.15 to S315. Receipts were esti-
mated at 7000 holdovers, 81.
Initial sales in the cattle market
were slow and steady, with quality
consisting mostly of common and
medium steers. She stock was sta
tionary. Receipts numbered 600
Extreme weakness appeared in the
veal market, with most classes
around ST lower, selling at ST down.
Receipts were 500.
Lamb values continued steady,
with supply mostly clipped lambs
salable at &c. Several wool offer
ings of lower grade were slightly
weaker. Receipts were 700.
Hog prices remained mostly
steady at Chicago with Fridays
average at $3.50 down. Receipts
were estimated at 100000 including
$4,000 directs; holdovers, 1000. Cat
tie receipts were $1,000; calves,
1000; market weak to Is cents
lower. Sheep receipts were $4,000;
market sharply lower.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-26
Provide Drastic Penalties

Under the codes administrators
~ have been selected to see to it
that the fair business practices de-
cided upon are carried out. 1t would
be supposed that these adminiStra-
tors would have the power to act as
arbitrator on differences of opin-
ions which arise from time to time,
whether they be between one cor
poration and another or between
a corporation or group of corpora
tionS an dtheir workers. 1t would
also be supposed that they would
have the power to enforce their de-
cisions after listening to all of the
arguments.
Certain drastic penalties have
been provided by which the admin
istrators can enforce their rulings
so far as they pertain to corpora
tions. Apparently, however, they
have been given no means for en-
forcing rulings on labor questions,
at least so far as they relate to the
unions. It seems as if they may
attempt mediation. but their good
offices may be accepted or rejected
as is seen fit.
Lacking such power, it is difficult
to see how the NRA, under which
the codes were created, can be truly
effective. Likewise until such pow
ers as the code administrators have
been given are tested in court it
probably should not be taken for
granted that its effectiveness is at
all permanent. Developments dur
ing the next few months are expect
ed to have an important bearing on
the entire code theory as well as on
the NRA.