davidaulloa/AmericanStories huggingface dataset:
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
METHODIST EPISCOPAL
CHURCH, SOUTH

GEL SALVADOR"
Corner Grinnell and Virginia
Streets
(Services in Spanish)
Sunday school, 10 a. m.
Preaching, 8 p. m.
Mothers Club meets Monday.
8 p. m.
Bible study and Prayer service,
Wednesday, 8 p. m.
ola TRINIDAD"
Revs. L. Oser and MonterO,
Pastors
Duval and Angela Streets
Sun ~ school, 3 p. m.
Service in Spanish, Friday, at
1880 p. m.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
NEUTRALITY-SUSPICIOUS.,
BUCLE NOTES

eeoeeeWOSa 90 90 S0SOOSSeS
Troop No. ,. Boy Scouts of
America. are formulating plans
for their fall and winter activi-
ties. Now that the boys are back
from vacations and school is about
o. open, many interesting events
and contests have been planned
by the scouts.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
CHURCH OF GOD

(Latin Mission)
Services Sundays. Tuesday and
Thursdays, conducted by Rev.
Charles E. Lazo.
Sunday school, $50 a. m.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
RADIO REPAIRING

WE REPAIR ALL MAKES OF
RADIOS. Guaranteed service.
r. c. A., and Atwater Kent
Agency. J. L. Showers Music
Co. sept!-tf
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
TRINITY PRESBYTERIAN
CHURCH
(ColOred)
TIT SimOnton Street

(ColOred)
TIT Simonton Street
Rev. Alfred DeBarritt. Pastor
Divine service, Sunday IL a. M.
and s p. m.
Church school. 800 p. m.
7:15 o'clock. young people.
Monday at 8 p. M, playwright.
Tuesday. s y. M. mcknight
service.
Friday, 8 p. M. choir rehearsal
September 10, concert.
SEVENTH DAY ADVENTIST
CHURCH
(ColoreO
Southland street between Thomas
and Emma Streets
H. Gary, leader
G.. Williams. Missionary Leader
1000 o'clock, Sabbath School
Saturday.
Church services, II o'clock a.
m.
Y. p. n. V. :. meeting, $50
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
CHURCH OF GOD

T. P. Douglas, Pastor
HOG Olivia Street
Sunday school, GAS a. m.
Morning service at II o'clock.
Evening Sunday service, 500
O'Clock.
Wednesday, prayer meeting, 8
o'clock.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
PERSONAL

RID YOUR HOME OF ANTS or
reaches for soc. Both for
$1.00. Sid Thompson. 923
Fleming street. aug31-26t
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-09-01
POSITION WANTED

PRACTICAL NURSE wants work
doing night nursing. Write Box
R., The Citizen. aug30-3t
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
SWINE VALUES
CONTINUE RISE
Prices Generally 40 Cents
Higher Than Monday;
Trade Is Keen.

Continued low receipts at the
Union Stockyards Today were held
responsible for d general Accent
increase in h3g prices. The total
of 1000 on hand this morning made
the market scarce and competition
keen.
The bulk, 16O to 200 pounds, was
selling at $3.50 to $500, while heavy
butcher grades. 200 to $50 pounds,
brought ST to SIPS. A few choice
kinds were quoted at $3.50
Light slaughter pigs, 100 to 100
pounds, sold for $3.50 to $500, and
extremely lightweights, 100 to 1870
pounds, cashed in at $685. to $4.65.
Packing sows moved up IS cents to
$3.50 to $3.50. Holdovers from Mon
day, last Christmas market,
numbered 100.
In the cattle market all slaughter
classes we're active and sharply
higher. Beef steers we're up so 10 IS
cents, with carly sales bringing $3.50
to $3.50 Some held above $40.
Prices on COWS were around Is to
so cents higher. Receipts totaled
1900 Vealers were so cents higher,
selling at $3.50 down, with receipts
at 300.
Trading in lambs was particu-
larly active, with prices generally
rs cents higher. Natives and West
erns brought 1925 down. Slaughter
sheep were selling at 81 down. Re
ceipts numbered 300.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
On Commission ROW

prices being offered to buyers by local
commission dealers.
- Fruits.acranberries, Cape Cod, late
fornia EmpoTers, 27-lb. box, s3.25. Per
simmons. California, 24s, s1.35. ounces
bushel So Bananas 4' AZ T. apples
do dsna :{ GsSnaRsS Melons caforn fs
$3.50. Grapefruit, Texas, seedless, s3.25.
Byram. seedless, per hundred, So. Cali
fornia rhubarh. 81 40 a box. Pears. oregon
D'anjo, box, $3.50; Pineapples. 24-3os, $3.50;
S6s, $3.50; AIS, $3.50.
ish, 5O-lb bag, Csc; red, 5O-lb. bax, 9oc.
1aho. sweet. spanish, large. 5o-lb, bag
&c; western White VII 5Orlb. bag. s1.85; MICH
igan, yellow, s1s5. Potatoes, Green Noun
tains. 1oo-lb. bag, 81 so; northern round
81 co. Idaho -Russets, 10O-lb bag. 50. New
diana Jerseys, bushel. sl.a5; Tennessee
strinsess Hampers ss.75 Celery e Michigan gan
medium, dozen. soc; jumbo, dozen. 75c;
d hearts. bunch, sl,25:. Gucumbers. dozen
Egg plant. s1.5od2 dozen Kale Virginia.
SasRet SIS California I ee}ePgf head ' af
Mint bunch, 75e. Parsley dozen zen 35c.
Peas, hampers, SIS. Spinach ome-grown,
broadleaf. bushel, Sl.l5 Radishes, dozen.
75c. Tomatoes. lob carton. sl35:
Florida original, So. Turnips, homegrown,
dozen, Csc. Pumpkins. dozen. 81.
Miscellaneous-Cocoan Jamaica. IS
for 81 so. oysters. standards. gallon 81 so;
selects, gallon. s1S5. Chestnuts, italian,
pound, l2izc, Sorghum molasses. GAL
lon, 65c. Black walnuts. 50-lb. bag. 81.
Cider, gallons TO case, 50. Half-gallons.
10 case, Sl75; quarts, ~ TO case, 81 go.
All quotations subject to change, up or
down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Other Livestock
(By Times speciaD

LOUISVILLE, Dec. s.-Cattle-Receipts
ESQ., demand broad for light supply; mar
ket active on all slaughter classes; fully
steady TO strong with Monday; bulk com
mon to medium steers and heifers. s3.75N
$50; few better finished, s5;5ode, and
strictly good steers with weight quotable
upwards of 81; bulk beef cows. s2.50N !:
good kinds eligible higher; low cutters and
cutters, s1.25G225; sausage bulls scarce
salable SO down: better Hereford stock
calves quotable. s450d5. Calves-Receipts.
$50; market, mostly SOC higher; bulk bet
ter vealers. IS 500 $50; strictly choice.
81; medium and lower grades, IS down.
Hogs-Receipts, 500; market, 4oc higher
than Monday on al weights and classes;
top and bulk better 10000 lbs, SIPS.
highest since Sept. s; 2oo-225 lbs s7io:
lbs $685.: l40-155 lbs. $685.: 120-i35 lbs
$40: sows. $3.50 sheep-Receipts. 100;
to good lambs, s6.50N7; choice eligible.
$3.50 or better; bucks mostly $500 S;
common throvouts 81 So fat ewes. 81 50G
2. Receipts-Monday: cattle. commercial,
1879; government. 9: hogs. 1856: sheep, 80
hipments-Monday: cattle. commercial
a: calves. commercial, 20; hogs, 259;
sheep, none.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
TIN CONSUMED
TOPS YEAR AGO
Gain of 80 Per Cent Shown
During Year Ending with
October.
BIZ Times Special

NEW YORK, Dec. 26. - The
worlds consumption of tin in indus
try for the year ended October was
1872 300 tons, compared with 128,8O0
tons in the preceding twelve months,
an increase of 4100 tons, or 80 per
cent over the previous comparative
period, while apparent consumption
during the year was $4,000 tons
compared to 125, 100 tons, according
to the Hague Statistical Office of
the International Tin Research &
Development Council.
Depletion of consumers stocks is
estimated as 1890 tons for the
1884 period, compared with 1900
tons in the previous year, with
decrease of about 1000 tons in the
month Of October 1884.
The worlds visible stocks at the
end of November amounted to
1888 tons, or Is per cent of the
current annual rate of consumption.
This proportion of stocks to con-
sumption is somewhat higher than
the average for the period 1923 to
1929 when stocks ranged between IL
and Is per cent of annual consump-
ton.
The current trend of world con-
sumption is shown to be downward,
mainly on account of the seasonal
decline in the United States but also
due partly to the falling tendency
of consumption in France and Ger
many. In most other countries the
trend is upwards.
Statistics of apparent consump-
ton for the two comparative periods
are given as follows:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Produce Markets

hens, I0c; Leghorn hens. 7c;. colored
springers. 12c; old rootsters, SIS; ducks &c;
I5c: Turkeys~No. i young hens, lbs.
and over i5c; young toms. IA lbs. and
over, lac; young toms, lila lbs, l5c; No.
q crooked breasts and thin turkeys, &c;
cid toms; al weights lie; No, No strictly 81
Each full case must weigh IS lbs gross
a deduction Of loc a pound for each
No. /, STA SIC ButterfaE27c quoted bY
the Wadley Company.
by United Press
CHICAGO, Dec. 2e-Eggs-Market, firm;
receipts, 1853 cases. extra f1rsts. 20 &c;
fresh graded frsts, 25c; current receipts
No. T. Ii' isisc 70 No & ifc Butter@Market
steady: receipts, 10000 tubs; extra hrsts
90-9ll2 scorel. 26s4 G29 &C; extras 1872
scorel, 3oiac: firsts $780, scorel. 27l4
specials, d3liac; standards. 2sll4c. Poul-
sspringers. i5dlsc: ducks, i5@ zoe; geese,
1o@l6c; turkeys, goa 22c: Leeghorn spring
Twins. l4l4a14iac; Daisies. l5c; Long
crate: practically no trading on account
of weather: market not established; oper-
track. i7s: shipments. 37s Monday. 80
Tuesday.
firm: extras 34l7c standards, 33c. Eggs
Market firm extra whites, 2ec; current
receipts. 26i2c. Poultry-.Market, STEADY;
5 lbs and up. .lsc: geese. heavy fat, I5a
Ice: geese ordinary lac: turkeys young.
22m csc: old hens, lSc; old toms, l5c; No,
turkeys. lac. toes-Maine; sil5a
l0o-lb. bag; Ohio best. mostly 75a s5c a
1oo-Ib. bag.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
UTILITY SALES
ARE RESUMED
ON BIG BOARD
New Recession UnSettIeS
General List; American
Can Up.

BV tHtfrd Press
NEW YORK, Dec. 26.-Resump-
ton Of selling in utilities sent that
group to new low ground since 1882
and unsettled the general market
which began the day fairly active
and firm.
Losses in the utility section
ranged to more than a point with
new lows for the year in Consoli-
dated Gas, and United Corp. issues.
Consolidated touched 10, off 3, and
the lowest price on record for the
present stock Communication issues
also were lower, with American
Telephone at 1929, off IL points.
and Western Union at 3212, off =.
u. S. Steel lost an early fractional
gain and held at the previous close.
Motor shares held small gains. Rub
Der shares eased.
Automobile equipments, farm
shares, chemicals and silvers were
higher. In the latter group, U. S.
Smelling reached 1855, up rs.
American Can touched 11l14, up
=, and a new high for the year, and
remained at that level through the
morning dealings.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Large Profit Sho7Cn by StabiliSati0n
Fund Since Operations We're Started
Activities of Agency Known
Only to Few
People.

has conducted his sill
yer purchase and exchange stabili
cation activities. The residue Of
81, 800,000000 remains intact in the
Treasury in gold bars.
Expires June, 1886
The 100000 900 has been used
as a revolving fund" over on the
operations of which it was estimated
today the United States has realized
a profit of several hundred thou
sand dollars. The fund expires June
30, 1886, and may be extended for
year at the discretion of Presi-
dent Roosevelt.
Meanwhile, only Secretary
Morgenthau, President Roosevelt
and a few high Treasury officials
have full knowledge of its opera
tons. Secrecy, they say, is neces-
sary so as not to Tip off" operations
to foreign governments and specula-
tors.
Success of the fund in maintain
ing it's assets, together with the fact
that through it the United States
has established its independence in
world financial affairs, we're said
today to initiate against any early
sterilization of the American dollar
in terms of unstable foreign cur
rencies or further devaluation of
the dollar.
According to present indications,
the independence of the dollar is
likely eventually to find foreign ma
tions tying their currencies to the
dollar rather than the United
States granting concessions when
the time comes for worldwide
sterilization of currencies in terms
of a common unit.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
$40 AGENCIES
EXIST FOR AID
GOVERNMENT
Last Year Witnessed Peak
Activity in Research
Movement.
BIZ Times Spccinl

By Times Specidt
CHICAGO, Dec. 26.-Three hun
dred and forty agencies established
for the purpose of lettering the ad-
ministration of local, state and ma
tional governments exist in the
United States al the present time,
according to the directory of gov
enrmetnal research agencies in the
United States issued today by the
Governmental Research Assn.
During the past year there has
been more activity in the field of
governmental research than during
any similar period in the country's
history" Robert M. Paige, secretary
Of the association, declared, in an
nouncing the roster.
The $40 agencies are of several
different types. Their common aim,
however, is to improve public adj
ministration in the states, cities and
counties by searching out the facts
about governmental problems in
particular situations and showing
public officials how to put into
practice the accepted principles of
business management and political
science.
Most Are Voluntary
Municipal research bureaus, di-
rectors and staff members of which
form the nucleus of the Govern
mental Research Assn, number 49,
Most of these are supported by vol
untary contributions from citizens.
Three of these organizations-the
association, the Taxpayers Research
Bureau of Utica and the Tulsa Blu
reau of Municipal Research-were
established within the last year.
The municipal research department
financed by the city of Hartford
Conn, and the Bureau of Govern
mental Research of the Indianapolis
Chamber of Commerce were also set
up in 1884.
$50 State Agencies
In addition to agencies combining
their attention to the government OF
a particular city, nearly $50 state
organizations are included in the
directory. Statewide citizen organi-
cations number 43; state leagues Of
municipalities, 35, and universities
carrying on practical research in
current governmental problems, r.
The Minnesota Institute of Govern
mental Research and the New
Hampshire Foundation are two sig
nificant state bureaus formed dur
ing the year.
National organizations of public
officials, national citizen organlza-
tons, professional consultants in
municipal management and private
firms carrying on research in the
fields of public finance and munich
pal credit are among the other types
of organizations listed in the direc-
tory.
This is the most comprehensive
directory ever published by the Gov
ernmental Research Assn, says Mr.
Paige. 1T is hoped that its dis
tribution will help the rapidly grow
ing governmental research profess
sion achieve a sense of solidarity
and aid in the interchange of infor-
nation and experience"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Heavy Purchases of Silver,
Exchange Have
Been Made.
Copyright 1884 by United Pressl

Copyright. 1884 by United Press)
WASHINGTON, Dec. 26.-Oper-
atoms of the United States in the
world money markets since last
spring have yielded a substantial
profit to the Treasury, it was
learned from authoritative sources
today.
The operations began April 81
through the s2,OO0,0OO,000 exchange
sterilization fund, formed out of
the dollar devaluation profits. They
largely comprised heavy silver pur-
chases in foreign markets and pur-
chases and sales Of foreign eX-
change in an effort to stabilize the
exchange value of the dollar.
Operations of the American fund
showed a sharp contrast with re-
suits of a similar sized fund oper-
ated by the British government,
which was reported to have suffered
staggering losses over its three
year life. The American fund has
been in operation less than eight
months.
Likened to Poker
Both funds have been likened by
Secretary of Treasury Henry Nor
genthau Jr. to stakes" in a world
wide poker game" with the United
States and Great Britain angling
for favored positions in world
finance through their currency
values in an effort to promote in
ternal prosperity.
Thus, American Government
flnanciers, relative amateurs in the
field of international finance, ap-
parently have outguessed to date the
combined financial brains Of Eu-
rope. In addition to netting a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26

substantial" profit, the American
sterilization fund has helped to
keep the dollar virtually unchanged
in the world markets for the past
eight months at the equivalent of
one-thirty-flfth of an ource of gold.
When the dollar was devalued to
Is SOL grains Of COLO from 25.8
grains of gold earlier this year, a
profit of $780, 100000 was realized
by the Government. Of this profit,
000,000,000 was set aside for the
sterilization fund. Out of the fund
$200000,O00 was set aside last April
for initial operations.
With this $2OO,O0O,OOO Secretary
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
WEATHER INSPIRES
BUYING OF GRAINS
Cold Wave Seen Calling for
Cereals as Feed.
BIZ Initod Press

BY CnlTed Press
CHICAGO, Dec. 26.-Grain prices
moved forward on the Board of
Trade today on the strength of
cold wave, which traders thought
would call for heavy feeding If
cereals to livestock.
At the start wheat was Is to 5
cent higher, corn was p to Ia cents
higher, oats we're up Is, rye was I'M
changed to Is, rye was unchanged to
IS cent lower, and barley was up
2 cents.
There was very little activity at
the start. Liverpool remained closed
for the Christmas holiday and there
was no influence from that direc-
ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
BANK DEBTS UP HERE
Rise of More Than S9.OOO,OOo Shown
in Dec. IS Week.

Bank debts TO individual ac-
counts in Indianapolis during the
week ended Dec. l9 totalled $685.
600, compared with S29.0ll 900 in
the corresponding week last year,
according 10 the Federal Reserve
Bank Of Chicago.
Bank debts, which represent the
movement of checks. indicate that
business activity in this city is sub
stantially ahead Of year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
FUTURES DEALS BANNED
France Suspends Wheat Dealings in
Order to Stabilize Prices.
By Times Special

p 2 IHItN ; UtCTUF
PARIS, Dec. 26.-France is now
operating under a six-month ban on
all future market operations in
wheat and flour. The bar to specu-
lative activities was decided upon in
conjunction with Premier Flandins
bill creating minimum prices for
grain and removing the surplus
from the market.
Under the bill the government
may purchase the 1888 and 1884
crop surplus, estimated at 10000 900
bushels. at the six-month average
price on the new free market which
the measure is designed 10 create.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Fruits AND VEGETABLES

CHICAGO. Dec 6-Apples-Michigan
Mcintosh. Sl.75d2: Jonathans. 15OMI75
Beans-Florida. bushel green. s5m5.50
best. Cauliaower-California crates SlI5
h1.25 es-Massachusetts. 4
barrels. S425M450. Lettuce-California
81 Is a $50. Ca age-Wisconsin crates. 10
a CSC. Spinach-TennesSee Texas. illinois,
bushels. slG1.25 Sweet potatoes-Ten-
nessee. bushel Sll0: Indiana Jerseys 81 so
Il S. Carrots2California crates s250G
us. Celery-Michigan. square crates 90c
dsl. Onion market (50-lb. sacksl-Mich-
igan yellows. o0cGsl; western yellows 90c
9 81 O5i Illinois and Indiana yS!i59s. 65
O csc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
HOLDERS INCREASE

BIZ 7 IWe8 NpeClHE
NEW YORK, Dec. 26. Preferred
and common stockholders of the
General Motors Corp. in the fourth
quarter numbered 350.164, compared
with 349, 524 in the preceding quar-
ter and ,761 for the final quarter
of last wear.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Hides and Skins

Hides-Green country COWS and steers,
312c fat; green country bulls and Clues
&c fiat; green country calf hides, 41ac;
horse hides with full heads. shanks. names
and tails, $3.50. medium size. So. All No:
grade horse hides. SOC less: CLUES and
ponies half price. No. / rendered tallow.
4M412c: No 2 at value. Yellow grease
363l2c: dark grease. 21263c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
Other livestock
(By United Press

by United Press
1oToc EsReT 256 es u.s. $780, aa5s
SO; s16o-i8o is. ss45 soo-s5o rs: Sc. 8;
150-160 lbs. S540 140-150 lbs, s5.15: 130-
l4O lbs, $3.50: 12O-13O lbs S420; 1Oo-l2O
lbs, $3.50; roughs Sc; stays 81. Calves.
$3.50; lambs. 1915.
LAFAYETTE, Dec 26-Market. 35d 40c
hjgheT pigs SOC higbeT 275-3o0 lbs s725
lbs. s7.1O 22O-230 lbs, sos; 21O-22O lbs,
81; 2OO-21O lbs. $500; 10000 lbs. $3.50;
ITO lbs $685. I55-16o lbs. SIS IS: i5o-I55
lbs $3.50; 140-150 lbs, s5.25; 100-140 lbs.
s3.0G5; roughs. SOC higher; top, $3.50.
lambs. soc higher; western lambs 3d. ma
tive lambs, $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
U. S. TERRITORIES LIFT
TRADE WITH MAINLAND
Sales Almost Four Times as Great
as Value of Purchases.


b. Times Special
WASHINGTON. Dec. pa sur
vey issued by the Department Of
Agriculture disclosed that Alaska,
Hawaii and Peurto Rico last year
sold almost four times as much
goods TO the United States as 1t
bought.
In the fiscal wear ended June 80
these territories sold Sl53, 1872 900 OF
farm products 10 the mainland, a
gain over the previous year but Is
per cent less than the l925-l9SO
average
In the same period American
shipments TO the territories came TO
S43. 221 600. which was above the two
preceding years but less than the
1925 1890 average Of S5S.536,00
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
EGG PRICE RISE SEEN
Shortage in Spring Forecast by
Head of Poultry Group.

By United Press
CHICAGO, Dec 26.-Rising egg
prices and an extreme shortage of
laying poultry are viSioned for next
spring by Frank Priebe, president
of the Institute of American Poul-
try Industries.
He declared that farmers have
joined veritable stampede
throughout the Central West to sell
farm f1ocks because of high feed
costs and low prices for eggs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
JUDICIAL ROLE
FOR |. C. C. AIM
OF PRINCE PLAN
Present Regulatory Body Is
Held Gordian Knot by
Authority.

Of six articles on "A New Deaf for the
Railroads." written for the World Tele-
gram by Theodore Prince. well knewr
railroad authority.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26

TINE Government then entered
Il into this impasse with the es-
tablishment of the Home owners
Loan Corp. What this agency does
is to simply work out an agreement
between the property owner and
the holder of the mortgage where
by the latter will take in exchange
for his mortgage bonds of the
HOLC. The property owner, in
turn. will make payments to the
HOLC on a smaller scale than
would be permitted by the mort
gage holder.
This activity performs a double
function. First, it allows the home
owner to keep his property and
stabilize the real estate market,
and second it gives holders of the
mortgages, banks for instance, a
directly guaranteed bond of the
United States Government in eX-
change for its mortgage. Banks
thereby.reduce the amount of their
frozen assets and in return an in
strument that is quickly salable.
The good realized from such
program can not be measured in
the cold manner of dollars and
cents. The mental and moral up
lift given an individual from the
knowledge that the Government
enabled him to keep his home
can not be summed up and then
given an estimated monetary value
as one would place an arbitrary 1g-
ure on goodwill in corporation
balance sheet.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-26
(By James E. Bennett)
LOCAL CASH MARKET

City grain elevators are paying 80 cents
for No. 2 soft red wheat. Other grades
on their merits. Cash corn No. yellow
SO cents and oats 48 cents.