davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
GROUP
URGES REFORM
IN BANK POLICY
Report Condemns Group
Practices; Finds Unit Idea
Also Dangerous.
United Press

By tHtffd Press
WASHINGTON, Sept. 1.-THE
senate banking committee today de-
manded basic reform of Americas
archaic" banking system in a re-
port that condemned group banking
practices. The report was based on
the committees investigation into
banking in Cleveland. o., and De-
troit, Mich. an analysis of which
was published several months ago.
Operations and collapse of the
Guardian Detroit Union Group, Inc,
and the Detroit Bankers Company
in Detroit. were cited as emphasize
ing the weaknesses of group bank
ing. Inquiry into the Union Trust
Company and the Guardian Trust
Company of Cleveland was declared
to show the weakness of the whole
commercial banking structure.
Not Market Reaction
Defining group banking as some
thing distinctive from either branch
OF chain banking, the report found
that the collapse of the Detroit or
CARNATIONS could not be attribu-
table either to the stock market
debacle. the depression, the bank
ing holiday or the constituency.
competency or honesty of the per-
sons controlling these institutions"
Prior to the Detroit collapse, it
said, many competent banking au-
thoritieS favored group banking as
practiced in Detroit. But, it added,
evils and abuses uncovered at the
inquiry impelled the conclusion that
centralized control of unit banks
possesses inherent latent deficien-
cies and dangerous potentialities
which inevitably become patent
when the system commences to
function"
The committee found that unit
banking of all sorts carries much
the same dangerous potentialities."
The weaknesses, it added, we're not
to be considered as confined to the
Detroit situation.
Highlights of the practices re-
vealed in Detroit were Sketched as
undue concentration of control,
drainage of unit resources to main
tain a group dividend policy, win
dow dressing" false, confusing and
unintelligible reports. loans on
group stock and loans to officers,
listing Of stock on exchanges and
dubious ability to impose the dou-
BILE liability on holders of stock.
Confidence Has Shown Faith
"The most patent deficiency of
group banking" the report said, lis
that the group is only as strong as
it's weakest unit. Loss of conf
dence in n unit necessarily occa-
sions diminution of trust in the af-
fliated units. The group companies
must strain every resource to MAIN
tain public faith in all the units,
including the parent company"
Instead of a comprehensive and
flexible system there exists only a
banking labyrinth" which is "in-
coherent, disjointed and diversified.
President, basic banking reforms are
necessary" it concludes, "reforma-
ton and correction, in retrospect Of
comparative trivialities, will not suf-
fee"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Produce Markets

Delivered IN Indianapolis prices: Heavy
hens lee: Leghorn hens. &C. 1884 orolerS.
to ! lbs and over ice: bareback 6~roilers.
young EulnesS ace: cid euiness ise: No. !
ise Bach ful case must EsiEht IS rs
ioT each poand under $ rs MI se
ale Quoted hv the Waelev COMPANY.
CBv United Press
CHICAGO, Sept rz-Eggs Market
STEADY. receipts Sls2 cases; extra hrsss.
22.se fresh sraeee nE.ts. rs current
lac. checks No !. I7c: No. ? lsc. Butter
Market steady receipts. s.sis extra
nEs's so-si'sl 20 2te nrsts ss-ssisl
specials. 15G2st1c; standards. 24isc:
extras. 1isc Polltry-Market. STEADY.
receipts. Is trucks ! car due. fryers, lfis
turksys isGisc. cid r~costers. lie ducks.
&c i-e sprinE eo.oreo- lfisEle.7e.
White koSk lSa lle hens heavy, isase;
chicks. lie Chees@rWlns. ~ Gi2isc.
eais4es. i3asGiSe. ~lonEhorns, "a. 9 isc.
trsdins moderate maTSst about STEADY;
Wisconsin Cohnlers si10Gl20. United
states No. : 20 ents; tr.unphs. sI.s2isa
bs2o. NiHHSs2ha Ssss.sTi ~ ' NaTs6
Russsts. NeoGiss. eombination erade.
siSsGito. arrivals is3: on track 500
shipments Saturday. 7ss, Sunday. IS
NEW YORK, sept. l7-Po,stoes-
SieAcy: LonE Island. sScGsil0 baE. Sweet
potatoes. easy. jersey Sso4GS65 barrel;
s1Is15 basket southern barrel Si25G
as southern. basket. fccfxlIS. Dressed
pclnry-Stsacy 20 firm; turkeys ieG Sc.
chiekenS l5G1sc h-olers. lee us ca
ponS 2eGsss fowls loG2ie Long Island
ducks li4i7c Lave pouitry-Barely
STEADY. EeeSe. eN ioc turkeys l5a 1oc.
posters l2e caeks l1Wlsc fowls l2a
Gle chickerS 2oG15c, capons. 20 2sc.
hEo.ierS lsa12c Cheese(ouiet SAFE
Yclng AMERICA. 9lle Baiter-Re-
steady. rcamey higher than extras. 2e6
1e,sc; extra 81 score. 1SaG1sasc. hrsfs
1917 srssas4l Ass ,sfss
centralized iee seortl 2fa.e: centralized
Sass score. 11a4 @4hc- centralized is&-
s7 scorel. 15G1sise EsTERecsirfs. 7.sis
easss maEkrs srseslias special PACKS IN
see standards IS frst& 17G73ac. Sec
ends UH1tAsc. MEDIUM -lN1lAc. dit
ieA 11A91le; eheckA is4isc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
HIGHEST RECORD SET
BY CHICAGO COMPANY.
Investors Syndicate Reports Best
Month in History.
By Times Special

MOntn IN History.
By Times Special
MINNEAPOLIS, Sept. 17.-With
a volume of new business over
100000 greater than ever previous
ly recorded in any n month, In
veStors' Syndicate reports that
August was the biggest month in
the forty-year history of the COM
pany.
Business written during the
month was II per cent greater than
in the same month a year ago..
Business for this year, so far, is
over $22, 100000 ahead in face value
of certificates written, of the corr
responding period in 1888, and sup
ports a belief in the opinion of King
Merritt, general sales manager, that
1884 will break all records by a large
margin.
This is Indicative" Mr.. Merritt
said, "of a gradual awakening on
the part of the public generally to
a need in the life of the average in
dividual for systematic manage
ment Of his income so that Some-
thing can be accumulated for the
future"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
other Livestock
By United Press

l4' ea5cAi H5i2idipg sf 45too d fia:mHog narEss g:
t ftye' i9l5y IS 60ish top. 'R s4aso Fri fa6-2o 1iO iSs''
s6.75@7.3o;- light lights. s5.75G66o; COED
PIGS. st95; Packing sO Enc s So cb6ics
s sag55 i g.75: i ieft1Feg iPs'' 10000 500 AI lbs. good
and choice, s6.5oGF35: medium weights.
2oo-25o i6Sa go9 S5o ana choice i s soo6 40
choice, sf.I5a7.5O; packing soTs, 275;55o
s :]jsSssis5 .4 gi $50. iO%; ssel.I Rs; good 20 a So6
commercial. 5000 government: calves.
$500 commercial, 1000 government; pet
ter grade fed steers and long yearlings
mixed y~earlings strong to Csc higher; COM
mon and medium grade steers, both ma
tive. and western grassers SLOW weak.
strong; y~ealers ruling fully steady; gen
about 10000 g~rassers in run. both killer
weak; best fed steers early, $3.50. but
some held above $40; market ruling steady
Cattle on k1nG and si& Veaier IS Steers. s5o-seo lbs.
good and choice. s5.759e25: soo-l 100 lps,
good and choice. sS25@Io' ldoo-i zoe i5s.
good and choice, s7.75dl0.5o; 550-l, 900
heifers. 55O-75O lbs. 9ood and choice. $50
cows aSz'' go sSh1 Sc Boa a $50: common and me
dunn. S2.50G3.50; low cutter and Gutter;
81. 50G2.50; bulls. yearlings excluded. good
beef. S3.25d425: cutter. common and me-
dunn. 81. 3. 40; ~vealers. good and
choice. s6.50as50; medium. s5n6.5o; Gull
and common. s4d5; stocker and feeder
cattle: Steers. 550-l $50 lbs. good and
choice. s425a575: common and medium.
s2.756425. Sheep-Reeeipts, 5000; gen.
eral quality plain: uncertone strong 70
I5e and more higher on the few strictly
good and choice slaughter lambs available;
early top. s6.75; others bid. s6G625. with
better kinds held $3.50 upward; sheep
about steady; feeding lambs weak; bulk.
Lambs, 30 lbs. down. s6.251675; common
and medium, s56640: ewes, 90-i50 lbs,
Common and medium, Si.50d2l5: feeding
lambs: 5o-75 lbs, good and choice $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
On Commission Row

Sept. IT.
Quotations below are average retail
prices being offered TO buyers by local
commission house dealers.
Peaches-Michigan Elbertas, bushel, SO.
Plums-Michigsn large blue. half bushel.
81; italian, half bushel, 81.
Pears-Michigan Bartletts, bushel. $3.50.
Inconsistencies. $3.50.
Grapes-California seedless, crate, $50.
Grapefruit-California seedless. S4.75.
Watermelons-256 SOC.
Bananas-Pound. Sac.
Pineapples-24 size. Sc; 80 size, 81.
Vegetables
Endive-Ohio. 2 doz. basket. 75c.
Sweet Corn-Home grown doz., zoe.
Cabbage-Northern. 50-lb. bag, 75c.
Celery-Michigan. mediums. dozen. 45c;
Cranberries-25-lb box. So.
Onions-Idaho sweet Spanish, large, 80
ID. bag. $3.50: Michigan yellow. sl.lo;
western whites. s1.s5.
Picking onion@l0-lb. bag, e0c.
81 IS; Wisconsin round white. l00-lo. bag.
81 so: Idaho ~russets, S2.2S.
Sweet potatoes-zastern Yellow Jerseys
gss9smRounq stIipglesSw oI sgshel. 81:
homegrown Limas. large. H.. Csc.
Beets-New, soc doz.
Carrots-Ohio. doz.. 35c.
CaulihoweNi5c-lls. crate. Sis.
Lettuce-Outdoor. i5-lb. basket. 75c; Ice
berg California crates. $3.50.
Cucumbers-Home grown. bu-. sl25.
Egg plant-Home CROWN, doZ.. 90c.
Pess-Hamper. $3.50.
Pep2ers-Home grown. bu.- 81.
RsdisEes-Bssket Of 2 doz:. 75e
bu'.p ss seha sroSdieafs.s I I2-l6. basket. SOC.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
INVESTMENT HOUSE
WILL R~E0RGANIZE
New York Firm Will Assume Name
of Abbott, Proctor g. Paine.

Abbott, Hoppin 81 Co., investment
brokers, announce that the firm Of
Abbott, Proctor & Paine will be
formed as of Oct. l..
Partners in the new firm ase
Gordon w. Abbott, William Ross
Proctor Jr., Lewis A. Williams,
James F. Shaw, Hugh E. Paine,
Maynard C. Ivison, William F.
Philips, Louis c. Seaverns, Burford
L. Porter, Robert w. Atkins and
Louis S. Colwell as general partners,
John Sise as a special partner, all
of whom are present partners Of
Abbott, Hoppin 81 Co., and also
Michael NJ. van Beuren as an addi-
tional special partner.
Personnel Of the local office will
remain unchanged, James T. Hamill
and Kenneth K. Wooling, managers
of the indianapolis branch, said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
the Reader

For the convenience Of The Times readers there is printed on
Page one of this edition a resume Of the early trend of prices on the
New York Stock Exchange, together with quotations of a selected
group Of issues.
The Times has decided to abandon the policy of repeating in its
early editions closing quotations of the previous day in the miscelan-
stock, bond, produce. livestock and commodity futures markets.
Replacing this will be stories which should be of interest to the bust
ness men of Indianapolis
Subsequent editions. however, will contain the latest quotations in
the various markets. This is one of a series of steps calculated to i'm
prove the financial section Of this newspaper.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
THE INDIANAPOLIS N
BANK EXAMINER.
ADJUDCED.
LOAN Deterrent
Some Degree of Co-0rdina-
ton Urged in Examina-
tons by Bodies.

BIZ Times Special
NEW YORK, Sept. 17.-One Of
the key logs which has jammed up
the flow of the enormous credit re-
serves of the country's banking sys-
tenn into business channels has been
the stringent policies followed by
federal bank examiners, the Admin
istrative and Business Research
Corporation declared today. This
has been frequently pointed to by
bankers in defense against criticism
leveled at them by administration
spokesman who have charged the
banks with failure to cooperate in
the recovery movement by not max
ing loans readily available to bust
ness.
Another handicap to the loan max
ing function OF banks has been the
lack of uniformity. in the eXamina-
ton standards of the various gov
eminent bank regulatory bodies.
Bankers have asked that there be
some degree of coordination in the
examinations to which they r
subjected. These are by % con-
troller of the currency, (2) federal
reserve system, Cd Reconstruction
Finance Corporation and "a FEEDER
al Deposit Insurance Corporation.
Taking in hand an obviously con-
fusing situation and recognizing the
validity of bankers protests against
it," it is declared, Secretary of the
Treasury Morgenthau rounded up
examiners of the several federal
agencies for their first joint confer
ence."
Law Presents Case
F. M. Law, president of the
American Bankers Association, pre-
sented the case for the bankers:
1T stands to reason that as long as
examiners believe it to be their duty
to constantly hammer on loans that
are admittedly good, only because
they are slow, it will have the effect
not only of forcing banks to exert
unnecessary pressure on such loans,
but will prevent them from making
new loans except those that are
liquid and of short duration"
ITO the fairness of the stand TAX
en- by MI. Law, President Roosevelt
agreed, stating that the rule of rea-
son should be the predominating
guide of bank examiners instead Of
strict adherence to regulations that
we're used in normal business pc
RODS.
New System Seen
VIRTUALLY assured, as a result of
the conference, is the adoption of a
co-ordinated system OF federal bank
ing examinations and a reclassii-
cation of loans to separate sound
long-term credit and doubtful loans.
The scope Of the application of such
a policy can be visualized when it is
realized that approximately $4,000
banks of the country, through men,
bership in the FDIC, are now under
federal regulation. Only about 1,160
state commercial banks, which have
not joined the FDIC, would not be
subject to this further step in the
direction of centralized banking con-
troll.
ITO business improvement the lib
e~ralization of the attitude of federal
bank examiners promises to be a
contributing factor, because an cas-
ing up on the extremely cautious pol
icy of appraising bank assets should
have the effect of encouraging banks
to make an increased use OF their
excess reserves-currently totalling
about S 900, 0OO, 0OO-for business
loans"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
PWA FUNDS INCREASE
BUILDING FOR COUNTRY
August Construction Awards Rise
Sharply in Month.

% LHlffu FTfSS
WASHINGTON. Sept. 17.-Fed-
eral funds. distributed through the
Public Works Administration. con-
tributed TO a marked rise in con-
struction awards during August, the
F. W. Dodge Corporation reported
today.
Publicly financed contracts. it was
said. gained 81 per cent in August
over July. while this years August
figure was IS per cent over that Of
August, 1888.
The Dodge report revealed that
public works awards during the first
eight months Of this year trebled
those OF the same period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17

While sales as a whole were placed
at 4 to 8 per cent larger than during
the opening week of September, the
gain in many divisions ran to a
larger percentage, the review point
ed out. The largest increase for the
week was recorded in wearing ap-
parel lines. dry goods, groceries,
house furnishings, hardware, paints
and plumbing supplies.
Cheaper Goods Bought
ITO the rising trend of food
prices the review continued, SIS at
tributed the sudden shift of interest
from the better grades of merchan-
disc to items in the cheaper cate
gories, in marked contrast to the
tendency which has been gathering
strength since the first of the year.
Protracted vacations in some of the
leading industrial centerS also have
been cited as a contributing factor,
and losses suffered from the drought
in some sections of the middle west
have forced buyers to make replace
ments with goods of a quality in
ferior to that purchased during the
spring months.
while buying in some of the
wholesale markets was interrupted
by the observance of the religious
holidays, buyers visiting the leading
centerS were more numerous than
during the previous week, and the
orders placed were sufficient to keep
volume above that of a year ago.
The effects of the textile strike were
markedly in evidence in the dry
goods trade, orders going untitled
even at the higher prices, with the
pressure for shipment insistent.
Industrial activity continues to
reflect the depressing influence of
labor difficulties and the unsettled
legislative situation, but retailers
stocks generally are low, and with a
continuance of the current strength
of consumer buying, increased pro-
duction can not be far distant.
Appears More Favorable
Notwithstanding the uneasiness
displayed in many directions, the
situation, as a whole, appears more
favorable than a year ago, as con
sumption now is running higher in
relation to production.
Politics PLAYED no minor role in
the trade developments of the week,
chiefly because of the hesitancy it
engendered regarding long-term
planning, in the face of the uncer-
tainty of fresh encumbrances being
fastened on the already heavy weight
which business has been forced to
carry on the rather rough detours
it has been obliged to take, during
the last few months, in its endeavor
to reach a higher eminence Of Sc
curity."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Feed Grain Shortage Feared
BIZ Times Special

NEW YORK, Spe.t 17.-An acute
shortage of feed grains before the
beginning Of the next crop year is
feared, according TO Fenner 81
Beane, commission house. This
forecast is made on the basis Of the
federal governments crop report Of
Sept. /, coupled with the estimated
carry over for the year and the
average disappearance Of the crops
over the last eight years. Possibility
that feed grain importations may be
necessary is felt il many circles.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Engineering Awards Up

NEW YORK, Sept. 17.-Engi-
neering awards this week of $780,
317,O0 are higher than last week,
the Engineering News-Record de-
clared today. Both federal and
state and municipal public works
are down, the former to $2,842,0 900
and the latter to $12, 801 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
PROSPERITY ERA SEEN
Ironing Out Process Under Way for
Some Time Revere Says.

With the general commodity in
dex sustained around the present
level. c. T. Revere Of Munds, Wins
low & Potter expresses the opinion
that it should be possible to correct
numerous diSparities between vari-
Gus producing and consuming
groups. and give the country the
basis for a prolonged period Of
sound prosperity.
The ironing out process has been
under way for some time" he says,
and with progress toward the res
toration Of equilibrium between the
various groups there is an automatic
increase in general purchasing
power. This, We believe. should be
sufficient to make price defation
unnecessary"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
NATIONS STEEL OUTPUT
CLIMBS 81 PER CENT
Operations Placed at 22.3 Per Cent
of Capacity for Week.

hN tnttfl Press
NEW YORK. Sept. 17.-Steel-
works operations averaged 22.3 per
cent Of capacity today, compared
with 20.9 per cent a week ago. an
increase of 81 per cent, the Amer
lean Iron and Steel Institute re-
ported.
Two weeks ago. operations Of the
same companies which comprise
98.1 per cent Of the nations produc-
ing capacity. stood at 1874 per cent.
the lowest level reached in 1884. A
month ago. operations averaged 21.3
per cent. while in the corresponding
1888 week the rate stood at 43 per
cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Cash Grain

TOLEDO. Sept. i7-CGrain in elevators.
transit billing. Whest-No.. ? red. si.06G
Io7. Corn-No. ? yellow, ssh q s4lsc. Oats
isssise. track prices 24isc rstel. Wheat
No. ! red. sl.O26lo3: No. ? red. sl.0lG
lo2. Co-n-No. ? yellow. TsdTsl9c: No. 3
yellow. 7stz &c; No. ! yellow. 77izG7sizc.
Oats-No. ! white. s5izd5sizc; No. ?
white. SSG Ssc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
WUENSCH is NOMINATED
indianapolis Banker Slated for Post
II.sAL ID AIidrncA Crnun

Indianapolis Banker SIaIeu TOT FOSt
With /. b. A. Midwest Group.
Edwin j. Wuensch. vice-preSident
OF the indianapolis bond and Share
Corporation, has been nominated
for the executive committee of the
Central States Group Of the In
vestment Bankers Association Of
America, it was announced today.
Francis F. Patton of A G.. Becker
& Co, has been nominated for the
Craftsmanship Of the group.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
INCREASE Is SHOWN IN
u. S.-MEXICAN TRADE
American Exports Total Ala Car
loads. and Imports Alp.


loads. and Imports 4I2.
By United Press
LAREDO. Tex. Sept. 1Z-Inter-
national trade through the port of
Laredo increased sharply during
July. according to FL Boletin From
teziro Commercial. official organ of
the Mexican customs house at Nu-
evo Laredo. Mexico. across the Rio
Grande from here.
Imports from Mexico for the
month were $50 per cent greater
than for the same period in 1882.
Exports gained so per cent.
The trade balance was only slight
" in favor of the United States.
Exports through the port for the
month amounted to Ala carloads,
compared to 412 carloads of i'm
ported goods.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
STEEL co. IS LISTED
N. Y. Exchange Approves Request Of
Republic Steel Corp.
Times Special

By Times Special
CHICAGO, Sept. 17.-Request Of
the Republic Steel Corporation to
list its deposit receipts. representing
the preferred shares Of the COM
pany, under the new consolidation
plan, has been approved BY the New
York Stock Exchange.
In connection with the proposed
acquisition of the Corrigan, McKin-
ney Steel Company and control Of
Truscon Steel Company. Republic
plans certain changes in capital
structure which will provide
adequate working capital for the
consolidated company: create a cap
ital structure which win permit pay
ment Of dividends as earnings justi-
fly; retire the present restrictive e
funding and general mortgage. and
liquidate all outstanding bank loans,
officials said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Rabbi Leans to Death

ATLANTA, Ga. Sept. 17.-De-
spondency over poor health was
blamed today for the suicide Of
Rabbi Cecil Levi, IS, widely known
Jewish leader. who leaped to his
death from the fifteenth floor OF a
downtown office building yesterday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
BUYING HALTS
STOCK MARKET
DIP NEAR LOWS
Orders Come In After List
Approaches New Bottom
for Year.

By United Press
Stocks steady in afternoon after
break TO around new lows for year.
Bonds irregularIy lower; rails in
supply.
Curb stocks drop fractionally.
Chicago stocks lower.
Call money 1 per cent.
Dollar steady in major currencies.
Wheat bulges = to IL cent; corn
up Is to l9t cents: oats higher.
Cotton advances more than so
cents a bale.
Rubber of 10 to Is points.
Bar silver unchanged at 1875 cents
an ounce.
Copper 2 cents a pound.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Money and Exchange
INDIANAPOLIS STATEMENT
Treasury Statement

WASHINGTON. Sept. 17.-Government
expenses and receipts of the current fiscal
year to Sept. IA. compared with the cor
responding period of the previous fiscal
year:
This Year. Last Year.
Expenses. 81. 228. 72I .O08. % S733. 058. 228. "a
Receipts. 1913, 532. 17T.72 482. 642. 400. 80
Deficit 49,. 495. 1873, $50. so 246, AIS, 827.42
Cash Bal. 2.153. 5O4. ASH 70
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
Merchandise Distribution
Shows Increase for Week
Normal Fall Weather in Most Parts of Country and Heavy
Purchases Incident to Opening of Schools Cited.
BIZ Times Special

BIZ Times Special
NEW YORK, Sept. redistribution of merchandise at retail was
given a further stimulus last week by normal fall weather in most parts
of the country, the return of many after prolonged vacations and the
heavy purchases incident to school openings, Dun & Bradstreet, Inc,
declared TO-DAY IN their weekly review.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-17
7. U. Honors Cage Star
pu Tfpffcd Drrs

BLOOMINGTON, Ind, Sept. II.
Robert Porter. Logansport, today
was named president of the Indi-
ana university union board. Porter
is a senior and star on the varsity
basketball team.