davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Other livestock
BY United Pressl

chicago, Oct; 0;-Hogs--Receipts, g.;
@h IJ 1000; market, around 10 cents
Ends $780, Su co@p psn wt6 Fd ds P last
week when top was s6IO: cattie-Re-
csRss 500 SO 2S
compared Friday last week, good and
choice yearlings and light steers, ESQ soc
vance; heavy steers steady to Csc lower
weeks extreme top. heavy, steers, $40 Is;
s5 h wG sS bes2 at Close top m ssTn4g
all heifers, weak to Csc lower; fat cows,
lover; stockers. So. s6eepI7Receipts, g.
co. al COMMERCIAL; o for week ended Fri
WeeS fat lambs. sround s5c oWe es sheep
weak; feeding lambs: strong to higher
top, $3.50 with better grade offerings at
finish. 1925 to mostly $3.50: native lambs,
sSes SoEn S55ng 61k eedns amSs s
Fl WAYNE "a NE Oct. s ssa to
30O-35o lbs. $40; l50-iso lbs, $4.75 i40-
$50 lbs. $3.50; I3o;14O lbs. 81; 12o-l3o
lbs ss5o E. 1920 lbs ST. POTghs s5;25
LAFAYETTE. Oct. 2O.--Market steady to
SC higher: 225-275 lbs, $3.50 $50: 275-325
lbs So 20e:225 l tsS ,s55o@ SIS;
$50; pigs, s475 down: roughs, $500 down.
Calves-Steady. $3.50 down. Lambs
Steady, S6 down.
LOUISVILLE, Oct; attIe-Receipts,
$50; market nominal compared with close
last week; market fully steady to, strong
on all slaughter classes; closing bulk com :,
mon to medium light grass steers and
heifers. $3@4.50; several lots better nm,
ished ,lightWeights. s595.5o; strictly good
s6.25> paid for some good I;o3s-lb steers;
TOP; s325; good kinds eligible higher low oE
cutters and cutters mostly S1.25q2 %;
sausage bulls generally $2.25@2.75; bulk
desirable Hereford stock calves, 81. 5;
common to medium grade natives, s2.50M
350. Calves-Receipts, 225. including $50
stock calves: market. steady. bulk better
vealers. e6@6.50; medium and lower grades,
SIS down: market closing fully SOC lower
than last Saturday. Hogs-Receipts $50;
market, steady; top and bulk better 200
$50 lbs. $3.50; 180-195 lbs. s5.25; 255 lbs.
up S5.05; 160-175 lbs. Sass; 140-155 lbs,
SAILS: 120-135 lbs. S3.15; sows. $3.50: mar
ket closing mostly SOC lower than last
Saturday. Sheep-Receipts. 100, including
80 stock ewes; market nominal compared
close last week; lambs weak to Csc lower
other classes unchanged: closing bulk de-
sirable lambs $5.75 to mostly Sc; choice
quotable s6.25, or better; bucks mainly
s4.7565: light throwouts $50; bulk better
fat ewes, s1.50M2; better stock ewes
quotable, s6d7.50 a head; palmer kinds
down to $3.50 or less.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
FUTURE PRICES
WEAKEN UNDER
UNEVEN SALES
Scattered Liquidation in
Wheat Pit Causes
Decline.
BY HARTMAN w. NICHOLS
United Press StaF Correspondent

CHICAGO, Oct. 20 Scattered
liquidation in the wheat pit cast a
depressing shadow over the entire
market today and prices averaged
lower on the Chicago Board of
Trade.
Wheat finished IA to IL cents
lower. December 971a cents: corn
was down q to is cents, December
rs cents, and oats were Is to a cent
lower.
The principal grain got off to a
lame start when outside markets
dropped. Selling by commission
house longs soon set in and shook
the entire market lower. Support
came at times from shorts, forced to
cover, and from week. end evening of
positions.
During the last week domestic
markets have been depressed by I'M
settled conditions in foreign markets.
Argentine offerings and French SELL
ing at ruinouS prices worked against
the English market. The domestic
situation has been strong, but the
influence from abroad proved I'M
Surmountable.
Liverpool October wheat today sold
within a few cents of the low for the
season.
Corn showed relatively more
strength than wheat, but prices for
the yellow grain generally were low
er. Oats were dull and kept pace
with activity in the major pits.
Provisions we're firm at the start
but later Slumped.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
On Commission ROW
Quotations below are average wholesale
nricnc hairr nGarad q hiluers nv lncal

quotations below are average wholesale
prices being offered to buyers by local
commission dealers.
FRUITS-Cranberries. Cape Cod early
blacks, 25-lb. box. s2.75. Grapes, Michigan
Concords, 12-qt. basket; 4oc. California
seedless, 26-lb. box S2.10 Crabapples,
Michigan hyslops,. bushel. s1.S5; Persim-
mons, Indiana. IL qts:. soc. Pears, New
York. Bartlets, busneL S2.50 Avacados,
box, $3.50. ounces, bushel So. Ba-
nanas. pound. Sac; pineapples. crate. S.
VEGETABLEs-Cabbage Northern Dan
ish. 50-lb. bag. CSC; red, bushel 81 10.
Onions. Idaho sweet Spanish, large, 5O-lb
bag S1.35; Michigan, yellow, 90c; Michigan,
s5c; western white. 5o-lh. bag. S1.75. Po-
tatoes, New Jersey Cobblers, 100-lb. bag
s145; Northern round white, 100-lb. bag.
sI.10; Chios. ioo-lb bag, sl.55; Idaho
Russets 1oo-lb bag. 81. Sweet potatoes;
Indiana Jerseys, bushel, $780, Indiana
Nancy Halls, bushel, 81. Beans home
grown stringless bushel SITS; Kentucky
Wonders bushel $3.50; Limas large. pound
zoe. Beets, dozen, zoe. Carrots, Ohios.
dozen, 35c; Ohio tcut OFFS washed 22-lb:
crate SIS. Celery Michigan medium
bunch. s0c. cucumbers. dollhouse, dozen.
81. Endive. dozen, 40c. Egg plant, dozen.
Soc Kale, bushel. soc. Lettuce. outdoor, Is
10. basket. soc. Mangos. bushel, l5c. Mint.
dozen, soc. Parsley. dozen, 35c. Peas,
hamper, s2.75. Peppers, red finger. bushel,
81 75S 5-lb. basket. SOC. Radishes, dozen,
Csc Spinach, New Zealand. bushel, 35c;
broadleaf, basket. SOC. Tomstoes outdoor.
l2-lb. basket. 45c; busheL $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
ACME BUILDINGS ARE
ACQUIRED BY DURHAM
Furniture Company to Employ rs
Additional Workers.

By Times Special
NEW CASTLE, Oct. 20.-The Dur
ham Manufacturing Company, max
ers of chromium plated tabular
furniture, have acquired the Acme
Machine Products Company build
ings, and are installing new ma
chinery to start production, r. v.
Slower, general manager, has an
nounced.
Approximately seventy-five addi-
tional men will be employed by the
company when production of new
lines of furniture is started, MIR.
Slower stated. New manufacturing
equipment is being purchased and
production is expected to begin the
first of the year.
Furniture to be manufactured by
the company is of modernistic de-
sign and has become popular after
being exhibited at the Century of
Progress, it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Wall Street
RALPH HENDERSON,
Times Special Writer.

NEW YORK, Oct. 20.-From a
~ banking point of view the most
important issue still to be settled
by the Roosevelt administration
and by congress is whether the
monetary policy of the country is
to be determined in the future by
bankers or by the government, act
ing through appointive officials. The
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
STEER BRINGS S751.75
New Record Price Paid for Grand
Champion in Pittsburgh.
By United Press

By United Press
PITTSBURGH, Oct. 20. - The
highest prices paid for fat show cat
tie and lambs in the United States
this year we're established at the
second annual livestock show in
Pittsburgh.
John Porteus, Coshocton county,
O., received $751.75 for his 970-pound
grand champion steer. The pur-
chase was made by the Pittsburgh
Provision Packing Company at TIE
cents a pound. Porteus said he
would use the money to enroll at
Ohio State university.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
FRUITS AND VEGETABLES

TEN
CHICAGO. Oct 0.-Apples-Michigan
McTntosch, bushels. 2iz-inch, si.65. Jons-
than. sl35nIS0. Sweet potatoes-Ten-
nessee bushels. 35d9Oc. Lettuce-California
crates. S2m2.75. Cabbage-wlscons
crates. 500 soc. Peppers-Illinois bushels,
illinois bushels. 25d30c Celery-Michi-
gan crates. squares. 4oG75c. Csulifower
oregon crates. sidi.l5; Michigan. slI
las. Grspes-Michigan Concord, i2-qut,
33G35c, Cranberries-Massach +
barrels S265n275. Spinsch-MiSsouri
bushels. 4oG soc: Michigan, 5oG7oc. Car
rots-Illinois punches, l1sG2c. Celery
Beets-Illinois and Indiana lunches, lc.
Onions-nlinois green, punches. Idsc.
Onion market (50-lb. sacksl-Michlgan
yellows, s5190c: Idaho yellovs, 55195cs
indiana and Illinois yelloHs. 5oG75o.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Stock Studies

The United States Rubber Com
pany is one of the largest producers
of rubber goods in this country
manufacturing practically every i'm
portant article produced either
wholly or partly from rubber. It's
tire business is one of the largest in
the country, supplying original
equipment for automobile manufac-
turers.
Through a wholly owned subsi-
diary United States Rubber operates
large rubber plantations in Sumatra
and British Malaga, with an annual
output of 100000 pounds of crude
rubber. Since 1923 the company has
been under the control, of the Du
Pont interests.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
FRUIT TRADING Is
SLOW DURING WEEK
Homegrown Receipts Reported More
Liberal at Few Points.

By Times Special
WASHINGTON, Oct. 20.-Trad-
ing in fruits and vegetables during
the last week was regarded as slow
in the nid-western markets, &C
cording to a report today by the
United States department of agri-
culture.
Homegrown receipts were more
liberal at some points, while both
Chicago and st. Louis reported dull
markets. Supplies were heavy and
demand moderate at Cincinnati.
CARROTS of fresh produce moving
by rail this month are reported av-
eraging nearly 1000 day, about
the same as in the previous week
last year, it was reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
NezO York Stocks

Sales today Appropriated 100000
shares. against 100000 shares last
Saturday.
Dow-Jones preliminary closing av-
erages showed industrial 95.01, up
II; railroad 26.O3, off .05, and util-
ties 1888, up .02.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20

issue h as been
clouded to a very
great extent by
banking and cred
it questions of a
temporary nature,
but it is likely to
be brought out
into the open be-
fore the next con-
gress has been in
session long.
When President
Roosevelt C a m e
into Office one of
hic first. acts was
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
BOND ASSET VALUE
RISES 81 PER CENT
Foreign Issues Associates Earn
Sass on Interest Charges.
By Times Specie

kV tnifS NpfcfdI
NEW YORK. Oct. 20.-The Sept.
so. 1884. asset value of a unit of
foreign Bond Associates securities.
representing one 500 debenture and
two shares of common stock,
amounted to s149.30. according to
the pamphlet report of the COM
pany for the first nine months OF
the year.
This compares with s113.92 as of
Dec. 81. 1888, and with s138.68 as of
June 80, 1884, and represents an
increase of 81 per cent in the nine
months and IA per cent In the
three months ended Sept. 90.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20

to take over control of the Situa-
ton. He has held that control ever
since. But his actions in that con-
nection were made necessary by the
emergency conditions. so the ques-
ton of whether control will be
turned back to the bankers after
the emergency is over remains an
open one. They had dictated poll
cies for several years prior to March,
1888.
1t would seem important that the
issue be settled one way or another
in order that responsibility for &C
lions taken may be established. II
the government is to take over the
duties it should stand ready to &C
cept the responsibilities involved,
and the same would hold true in
the case of the bankers. Monetary
policies have an important bearing
on business, and the public should
know who is to be praised or blamed
for the results.
THAT there is a tremendous in
j. terest in the question is indi-
Gated by the number of private and
public debates which have been held
and which are scheduled to be held
over the issue. For instance, Frank
A. Vanderlip, former president of
the National City bank, and Walter
E. Spahr, professor of economics at
New York university, are scheduled
to debate the issue. Mr.. Vanderlip
will take the affirmative side of the
topic Should federal monetary
authority be established to exercise
complete control over the cur
rency?"
Quite naturally most bankers are
in favor of having control turned
back to them. They are afraid of
the political influences if money and
credit are made a matter entirely
for government supervision. But, on
the other hand, bankers have self
ish interests to serve, and besides,
they lack the police powers to carry
out their dictates even though in
every case they decided issues on
their merits.
HERETOFORE it has been a case
l. l. of the bankers making the
Snowballs and the Federal Reserve
authorities throwing them. And no
one has been held accountable. The
senate banking committee revealed
irregularities in the banking pro-
fession, but reserve officials were not
even called upon to testify as to
their responsibility. It would seem
to casual observer that the Fed
eral Reserve board would have been
interested in the excessive use of
the nations money and credit for
speculative purposes and that if it
did not have the power to regulate
such things it might not be a bad
idea to grant it power to do so.
President Roosevelt has been call
ing bankers and other monetary au-
thorities down to the White House
for the last week. 1t is quite pos
sible he is getting their reactions on
the issue. In all probability he will
have some definite recommended
tons on the subject to make to the
next congress when it convenes in
January.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
HIGH ISSUES IN
STOCK MARKET
CONTINUE DULL
Trading on Exchange Led
by LoW-PriCed Mer-
camille Shares.
MARKETS. AT A GLANCE

MARKETS AT A GLANCE
Stocks steady To firm; dull; mer-
camille issues active.
Bonds steady at small gains.
Curb stocks dull and irregular.
Chicago stocks quiet and mixed.
Dollar eases in terms of sterling;
firm in gold currencies.
Wheat off q to u cent; corn
drops - to 81 cent; oats off -
To p, cent.
Cotton unchanged 10 point
higher.
Rubber off 10 to IL points.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
DIVIDEND is DECLARED

BV Times Special
BOSTON, Oct. 20.-A dividend Of
20 per cent, payable on all policies
expiring in December, has been de-
clared by the American Mutual LA
hility Insurance Company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Treasury Statement

WASHINGTON Oct 20.-Government
expenses and receipts for the current
fiscal year to Oct Is compared with the
corresponding period Of the previous fiscal
year.
This Year Last Year
Expenses 81 as4 0i2. 209 90 81 200. 754. 647 ?
Receipts ll43 466 1904 S7i .e6l 1874 70
Deficit Sal 54S. $50 3 3ss.775. 5l2. SO
Cash bal. 1918 4e3. 55SOs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
CHICAGO PRIMARY RECEIPTS
LOCAL CASH MARKET

City grain elevators are paying So cents
for No. 2 soft red wheat. Other grades
on their merits. Cash corn No. yellow
So cents. and oats 43 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
FINANCIAL DATA
As Of June 30. 1894

OuTlIlR LIE IW6lf6 sUOIlLIlS GI1O6Q
June 80, the funded debt was de-
creased by approximately $1,000, 000
Cash and securities were 81 200, 900
less but inventories increased S13,-
400, 600 ct working capital gained
Sc, 500 900. Common stock and sur
plus were $4,000. 900 larger. The cur
rent ratio was about to on June
30, while the book value of the COM
mon stock was 1888, an increase Of
s193 during the period.
Deficits have ruled for several
years, largely due to wide price huc-
tuations in crude rubber. The rub
Der plantations, however, have oper-
ated at some profit last year and in
the first half of this year.
The last dividend on the common
stock was paid in 1921, and the last
dividend on the preferred-non-
cumulative-was paid in 1923.
The United States Rubber Com
pany was incorporated in 1892 in
New Jersey. Both classes Of stock are
listed on the New York Stock Ex-
change. The common is currently
selling for 1915 and the preferred
sells for 38.
| can rights reserved winchester Institute
Of Finance. winchester. 4ass3
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Retail Coal Prices
DOMESTIC RErAn PRICES

The following prices represent quotations
from leading Indianapolis coal dealers
ascent CARVING charge Ger ton viii Be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
National Stores Active

National Department Stores, also
in receivership. was second in activ-
ity. II reached 3, up IS point and
equal to the 1884 high. Last year
the issue made a low at Il point or
1917 cents a share. It's rise from the
1888 low therefore has been 1900
per cent.
The preferred stock of the COM
pany reached 203s. up 27s points on
fairly heavy deals in 10-share blocks.
The issue so far this year has ranged
between a low of 5 and a high CT
22i3. Its low made last year was u.
United Stores was relatively active,
reaching SIS for a gain of 5 point.
Higher grade mercantile issues were
quiet but firm.
Tobacco shares were firm again
with American Tobacco B up more
than a point on light turnover. and
Liggett & Myers B making its daily
high at 10l, up L point.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
Money and Exchange
INDIANAPOLIS STATEMENT

FOREIGN EXCHANGE
(By Abbott. Proctor & Psinel
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
BY ELMER c. WALLER
limited Press Financial Editor

NEW YORK, Oct. 20.-Low- priced
mercantile issues continued to lead
trading on the Stock Exchange
today while the high-grade issues of
the principal divisions continued
dull and steady.
Measured by the averages, the
market did practically nothing. In
volume the same almost could be
said. Sales in the first hour totaled
10000 shares or a rate for the short
session about comparable with mar
kets a decade ago.
Traders we're holding aloOf pend
ing further developments in busi-
ness which has not moved forward
as many had anticipated or hoped.
There was a tendency to postpone
commitments until after President
ROosevelt's speech before the Amer
lean Bankers Association convention
next Wednesday in Washington.
News Has Little Influence
Immediate news developments had
little influence on the market. Steel
operations in the Youngstown area
we're scheduled for next week at %
per cent OF capacity, off a point
from the present figure, but this had
been anticipated Building opera
tions for September were down 2l2
per cent from the previous month
and down ia per cent from year
ago Department store sales in the
New York area gained ga per cent
over 1888 for the first half of
October.
McCrOry Stores A stock was the
most active issue traded. 1t reached
67a. up y point and a new high for
the year That was 6as points above
the record low made last year, or a
rise of 100 per cent.
The company is in receivership
but earnings have been reported I'M
proving under the receiver who has
materially reduced expenses. The
first preferred stock made a new top
for the year at 42la, up 212 points
from the previous close and up eX-
actly 40 points from the low made
last year at 2i2.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
SHEEP AND LAMBS

NOHlAAOA oAo hSNAuAA -'--+"-. S-VV4 SsSS
SHEEP AND LAMBS
Receipts, 200
Lambs, 90-lb. down, good and
choice ..................s 625H SIS
Common and medium .... 4O06 SIS
9o-12O lbs. good and choice. 2oo4 ESQ
Sheep
(120-150J Good and choice. 1.75G 2.20
All weights, common and
medium ......-.....--.-.... lZ54 2.00
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20

Latest Stock, Bond and
Commodity Quotations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20
FEDERAL FARM LOAN BONDS
NeW York Bonds

by Fenner g. Beane)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-20

Dew elopm ents in
Trade and Industry
The Washington times., 1934-02-15

T WASHINGTON TINES published day the 1871
publisher
!. d. managing edtO
The Washington times., 1934-02-15
While Europe SeetheS
America Remains UNPREPARED

On Lncon's Birthday The Washington Times began tho
nubcation of gripping series Of articles on the queson
which more than any other agitates the whole world
That question is, "Wil War Gomez! ana SO WHEN
R Knickerbocker brilliant European correspondent will
attempt during next six weeks to answer that question
for YOU . A., r.:
nent for first-hand information .
He will interview kings chanceors dictators politicians
soldiers and common people,
His first dispatch alone should the eyes OF Americans
to the smoudering volcano ABROAD
In subsequent dispatches he viii give you even more alarm
without warning at any time.
Europe Mr. Knckerbocker has pointed out though one
third smaller than the United States has six million men In
Her armies parade the Streets patrol the roads, line the
borders of her countries constantly strain every
nerve in preparation for the inevitable conflict.
It is difficult for Americans to grasp conditions there
R If vu can remember the numbers of troops which
had KHAKI sd during the World War and then DOUBLE them
you would approximate picture OF Europe today
With France seethng, with revolution in Austria with
japan at swords points, with brewing in dozen
other countries the worlds affairs appear to be in more
critical posture than they were even in the Summer OF 1914
And in the Winter Of g1 this this nation nat wtR finds ITSELF as
That to rational Americans the most dangerous feature
of a thoroughly dangerous situation
We are building navy to treaty strengtn' true.
But it will take years to bring it there
Our regular army insufficient to act even as
Skeleton for the national army on which we must rely TOR
defense.
its officers and but in the number Of its planes
We have forgotten lessons of every other in which
we have been engaged.
We have sumped back into the good old system of
exposed ourselves again to the disasters which
unpreparedness always entails .
The uncensored pictures which the Washington Herald
is now publishing daily and Sunday give you glimpse OF
what means.
They the greatest argument made for keeping out
of war and for BEING STRONG ENOUGH to keep out Of
war.
With Mr. Knickerbockers graphic accounts Of the war
clouds which threaten the world they make unanswer
able plea for adequate ma nal defense. ''~
In this period between the birthdays Of two greatest
eaders-Linco1n and Washington American should
ponder deeply weaknesses of this country and demand
that they be strengthened the point where they will
NATIONAL SAFETY.