davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
PORKER PRICES
DROP 10 CENTS
Cattle, VeaIS Unchanged;
Lamb Values Weak
to Lower.

Continued heavy receipts and
large carry-over from the previous
session at the Union StockyardS this
morning sent porker prices gener-
ally Is cents lower than yesterdays
uneven average.
Todays supplies were estimated at
approximately 5000, with the initial
demand showing slight weakness.
Holdovers from yesterday numbered
901. The bulk, 100 to 200 pounds,
was selling at $535 to $5.65, while
extremely heavy kinds weighing
from 200 to $50 pounds, brought $3.50
to $595.
Good and choice weights were re-
ported selling at S. In the light
weight division, porkers scaling 1870
to 100 pounds, cashed in at $3.75 to
$3.50. Extremely light lights, rang
ing from 100 to 100 pounds, sold at
$3.50 to $3.50. Packing sows held at
$4.75 to $3.50.
Prices were generally steady III the
cattle market, especially On slaugh-
ter steers. Few better grade steers
were reported salable at SO, while
regular bulk sold at ST down. Re-
ceipts we're 1900. Vealers continued
unchanged, selling at $3.50 down
Receipts numbered 700.
Weak undertone prevailed in
lambs, with the majority of classes
SLIGHTLY lower than yesterdays close
Native kinds sold from $725 to $3.50
while several heavy grades brought
81. Throwouts cashed in at $3.50 TO
Sc. Slaughter sheep brought So
down. Receipts were $500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Produce Markets

Delivered in Indianapolis prices: Heavy
mems. lie. Leghorn hens. &c: colored
sprlnEerS. l2c. old ROSTERS &C; ducks. &c.
geese. &C: Young guineas. 20c old guineas.
l5c: Turkeys-No. ! young hens. lbs,
snd over. lac: Young toms; Il lbs and
?. crooked breasts and thin turkeys Sc;
old toms. all weights. lie: No. ] strictly
resh country run eggs. loss of. Csc
Each full case must weigh IS lbs. gross;
a deduction Of l0e a pound for each
pound under SIS lbs. will be made. Butter
No. / 3oG3lc, Butterfat-26c. Quoted BY
the Waolev COMPANY
by United Press
CLEVELAND. Dec 5-Butter-Market
Stesdv; extras $50; standards. 32c. Eggs
Market steady; extra white. sic: cur
rent receipts Csc; pullets. 22c. Poultry
Steady; fowls colored AZ lbs. and up
Ice. ducks. l3c; geese, heavy. fat. lac;
9ieeeSe ,o oreha ~ Ne 'u ,lTs S9ans poso
toeS-Maines sIGi10 a l00-lb. bag Ohio
best mostly 75G s5c a io0-lb bag: Mich
!gsn, soc lo0-lb bag; New jersey. 81 a
l00-lb bag
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
STATE To Get
S17.OO0,000 OF
RAIL SPENDINGS
Indiana Third in Benefiting
From PWA Loans to
Railroads.

Railroads will spend S17,000G00 of
the Sl99 607 300 total Of Public
Works Administration loans in the
state of Indiana. according to the
current issue of Railway Age.
The distribution of these loans
among the various states is being
made on the basis OF the expendi-
lures TO be made at the point OF
primary assembly, the magazine
articles explains. The money will
be expended directly in forty states.
of which Indiana ranks third
Pennsylvania, with SOL 900 900, and
Maryland, with $18,0OOOOO, rank
first and second respectively.
StreSsing the immediate creation
of employment and revival of pur-
chasing power resulting from PWA
loans to the railroads, the article
points out that up to Oct. Is these
projects had created direct employ
ment on the railroads to the extent
of 3e,840,9)0 man-hours and had
added $40 $4,000 to railroad pay
rolls, while equipment and materials
valued at s10O,OO0,OOO had been
purchased.
Loans Mean Jobs
"One of the most beneficial as
poets of these PWA loans" says
Railway Age, lies in the rapidity
with which they are converted into
jobs. pay checks and purchases of
material, which mean still more jobs
and pay checks. Sixty per cent of
the total railroad allotments of
s199 .6O7 300 had been expended as
of Nov. 3.
The railroads thus have con-
tinued the policy favorably COM
mented upon in a report recently
made to President Roosevelt by
Donald R. Richberg, 48 per cent of
all railroad money has been spent
and SO per cent of man-hours used,
compared with per cent of money
and per cent of man-hours in 9TH
er non-federal projects. 1t is esti-
mated that these PWA loans to
railroads have resulted in the crea-
ton of more than 100000 jobs.
IF railroad purchases are to. be
increased, the earning power of the
railroads must be improved" the
magazine continues. Earnings are
essential to credit not only because
they reflect the ability both to pay
interest on borrowed money and to
provide for the ultimate repayment
of the principal, but also because
they directly affect the value of the
collateral which a railroad has to
offer as security: The Government
itself insists on adequate collateral
security for its loans to the rail-
roads.
Until conditions are created
which will reopen the private capt.
tai market to the railroads, there
are many arguments in favor of
policy by which the Government will
extend and the railroads will apply
for loans for maintenance and
equipment.
Recovery Would Be fastened
These loans will enable the rail-
NoSo W AAahC expenditures 1OI I'LL
provementS and maintenance which
would be made later if earnings
would then Justify them or which
will tend to improve the condition
of the carriers by making their serv-
ice more attractive. Such loans
would increase buying from the
durable goods industries and there
by hasten economic recovery"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
6 NEW VOLUMES NOW
AT BUSINESS BRANCH
Roosevelt Versus Recovery" Among
Books Received at Library.

Roosevelt Versus Recovery" by
Ralph Robey. and a revised edi-
ton of Dynamite: The Story. of
Class Violence in America" by
Louis Adamic, heaI the list of
recent publications now available
at the business branch of the In
dianapoliS Public Library.
OF the first of these books. it has
been said that it is perhaps the
strongest attack on the economic
program of the New Deal that yet
has appeared in print" The re-
vised edition of Mr.. Adamic's work
is concerned with what the labor
movement in this country has done
and failed TO do during the years
of depression.
other new volumes received in
clude About AnnuitieS." by Stuart
o. Landry; Economic Citizenship.
by ]. A. Lapp and A. F. Ross; Let
ter Writing for TypistS." by Wal
lace B. Bowman. and Log Cabins
and Cottages: How TO Build and
Furnish Them" by w. A. Bruette.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
On Commission ROU

Quotations below are average wholesale
prices being offered to BUYERS bv local
commission dealers.
FRUITs--Cranberries, Cape Cod. late
fornia Emperors. 27-lb box, s225. Per
simmons simmons s California. asses: si75
Golden, sIs5G1.75. Melons, California
Honey Dews, s2.75. Lemons. Sunkist. 360s
$3.50; 432s. $3.50. Grapefruit, Texas seed
less, 50. Lines, Mexican. per carton. lbs.
Strawberries; l2-,box crate 1925 q so.
California rhubarb. 81. 40 a box. Pears
oregon D'anjo. box. $3.50.
ish, 5O-lb. bag Csc; red 5O-lb bag, 9oc
Onions. Idaho sweet Spanish. large 50-lo.
$40: Michigan yellow, med. l0:lb: bag.
San yellow, 81 Is Potatoes. Green Noun:
white. iOo-lb bag, ST. ohios. IOo-lb bag,
Tennessee Nancy Halls bushel 81 40
Beans. fat stringless. hamper, s2a as.
ambo DOZEN 75c f Searts: q 6aaoh ': S.
CucumberS doz.. 81; bushel. 81. southern,
bushel. $3.50. Endiye dozen, 3s6 4Oc. Egg
SOC. Lettuce dollhouse. 15-lb. basket. soc;
California Iceberg head lettuce. $3.50.
Mangos. Florida. crate. SO. Mint. bunch.
s3.75d4 Spinach homegrown broad deaf,
bushel. CSC Radishes dozen. 75c. Tomatoes
dollhouse, S-lb. basket. 81 asa 1856 Turnips
homegrown dozen Csc Pumpkins,
MISCELLANEOUs-co Jamaica.
IS for $3.50. oysters. standards, gallon,
gallon. 65c. Black walnuts. 50-lb. bag 81.
Cider. gallons TO case. 50. Half-gallons.
to case, Sis; quarts. II to case. Sl.90.
All quotations subject to change. up or
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
RAILROADS CUT FARES
FOR LIVESTOCK SHOW

Special Charges of One Cent Mile
Established by Monon and Big Four
Special rates of l cent a mile on
passenger fare rates from Indian
apolis to Chicago. where the Inter
national Livestock Exposition is now
in progress. have been announced by
the Monon and Big Four Railroads,
On the Monon the rate is effec-
tive beginning with the 11:l0 a. m.
train from here Friday until the
1.20 a. m. train Sunday. and re-
turning until the tram out Of Chi
cago at HAS p m. Sunday.
The Big -Four special rate is ef-
fective on trains leaving this city
at 15:45 a. m. Friday and l:55 a. m.
Sunday and returning until the 1l:55
.. n. train from Chicago Sunday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

bottom of a period of accumulation;
Double Top appears at the top of
period of distribution. Triple Bot
tom, similar to double bottom. in
dictates greater activity on the up
side Triple Top, similar to double
top. indicates greater activity on the
down side.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
FUEL PEAK EXPECTED
Consumption This Year May Reach
56S,128,OOO Barrels.

By MICS SUtCtuI
NEW YORK, Dec. 5.-Premilinary
figures prepared by the foreign de-
partment of Henry L. Doherty & Co..
indicate that motor fuel consump-
ton in 1884 will reach a new peak
at approximately 568, $4,000 barrels,
compared with $50, $4,000 barrels in
1888.
Consumption in the United States
was estimated at 400,000,000 barrels,
against 381, SOL 900 last year, and in
other countries at 68,128,000 bar
rels, against 157,597000 barrels.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
EARNINGS DROP SEEN

With November carloadings below
a year ago, earnings of the Union
Pacific Railroad for the month are
expected to be slightly lower than
in the same month last year, accord
ing to Carl R. Gray, president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

Selling Climax brings about an
abrupt change. many times signaled
by the appearance of a terminal or
exhaustion gap on the down side
Buying Climax brings about an
abrupt change of trend, frequently
Signaled by terminal or exhaustion
gap formation on the up side.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
MIRA TO INVESTIGATE
AUTO TRADE PROFITS
Capital Structure Also to Be Sub
ject of Roosevelt Inspired Probe.

Capital SLTUCLuTG AISO 20 DE SUD-
ject of ROOsevelt-Inspired Probe.
By Times Special
WASHINGTON, Dec 5. - The
NRA will investigate the automobile
industrys profits and capital struc-
ture in connection with its inquiry
into the possibility of shortening
working hours, raising wages and
smoothing out the peaks and dips
in production.
This was disclosed by Clay Will
liams, chairman of the NRA Ad-
ministration Board.
The inquiry was ordered by Presi-
dent Roosevelt when he extended
the automobile code month ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
FARM PAYMENTS SHOWN
AAA Disbursements Up to Nov. /
Put at S421, 697 1883.
By United Press

WASHINGTON, Dec. 5.-The Ag-
ricultural Adjustment Administra-
ton reported today that the total
of rental and benefit payments
made to wheat, cotton, tobacco and
corn-hog producers up to Nov.
was $421 ,697 ,389. To finance the pay
ments the AAA collected S550,081 ,419
in processing taxes. In addition to
benefit and rental payments, $780,
389,731 was spent to buy up surplus
agricultural commodities.
Payments were divided as follows:
Wheat S103,669,557; cotton $780,
786,379; corn-hogs, S129.668, 799, and
tobacco, $16,572, $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
LARGER CROPS,
LOWER PRICES
SEEN FOR 1895
Farm Income Expected to
Hold Around Level of
Six Billions.
BY w. IAN MACK
Times Special Writer

NEW YORK, Dec. 5.-Larger
crops. increased market supplies and
lower prices are indicated for most
farm products during the 1885 har-
veSting season. agricultural econc-
mistS today predicted Coinciden-
tally, the cash income OF the agra
rian community is expected to re-
main in the neighborhood of the
$4,000, 100000 level reached this year.
This amount by the way. is 38 per
cent in excess of the farmers return
in 1882, the depreSSion's low point.
Until next summer, it was fore
cast, existing and IN some instances
higher prices will rule for farm COM
modities generally. This years yields
were drastically reduced by the dew
astating drought which ravaged the
Middle West throughout last sum-
mer.
SURPRISES Disappear
In consequence SURPRISES carried
from previous years, with the excep-
ton of the huge cotton reserves,
have disappeared. This, accordingly.
has opened the way for less drastic
curtailment of production under
AAA programs next year.
Increased consumer demand for
farm goods in the latter half of
1885, one observer intimated, will de-
pend primarily on the extent of the
recovery in the durable goods il.ius-
tries, which have been mori0und
throughout the revival of the last
year and a half. Exports to foreign
points, On the other hand, are ex-
pected to be less than during better
growing conditions that are antici-
pated abroad
Some further improvement in
cash income available for family
living, due to anticipated reductions
in prices for finished goods, seems
in prospect for next year." this au-
thority said.
Many Increase OutlayS
leeway, after food and other neceS-
sites have been met, may increase
their expenditures for clothing and
home furnishings. Repairs and inn
provementS on homes in response to
the Federal house program also may
get under way actively"
One industry that should benefit
materially from the improvement in
the farmers financial position, it
equipment trade, Sales volume of
the industry this year was SIS per
cent above that for 1898. Several
companies are understood to be
planning large production schedules
for next year, with some units con-
templating increases of 100 per cent
over 1884. Fertilizer consumption is
expected to be on a parity with
that for this year.
Economist Gives Advice
Only by reducing quotations for
it's products so that existing dis
PARTIES between finished goods and
farm prices are eradicated, another
economist said. can industry hope
to expand its production next year
to a level exceeding that for 1884.
An enlarged sales volume at a
lower price level insuring modest
profit. it was pointed out, should be
preferable to a restricted turnover
at high prices. The latter process,
the authority explained, spells losses
because of the increased costs Incl
dent thereto.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Treasury Statement
(By United Press

by United Press
WASHINGTON. Dec 5.-Government ex-
penses and receipts for the current fiscal
year to Dec 8. compared with the cor
responding period of the previous fiscal
This Year Last Year
Expenses S2,964. 1873. 152 So $1,989 $40. 1853 y
Receipts. 1,491 .037 636.76 1.150 1877 607 Al
Deficit 1.473.1155l5.86 839 473, 155 80
Cash Bal. / So, 800, 42631 1,O78 O43, 224 20
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
WHEAT AGAIN RISES
IN INITIAL DEALINGS
FirmneSS at Liverpool Aids
Prices at Chicago.
BIZ Uuitfd Press

By UHitfd Press
CHICAGO, Dec. 5.-Firmness at
Liverpool again firmed wheat deliv-
cries on the Board of Trade today.
The major grain started p to y
cent higher, corn was up "A to Is
cent, oats we're up p cent, and rye
was up rs to IL cents.
The demand from China and ia
pan continued good and with con-
tinued bad weather reports from
Australia, Liverpool tended upward
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
BY WILLFORD l. KING

Are we at present menaced by of imitation which,
if occurs will wipe out the holdings of all creditors wreck
industries reduce the saared class to perjury and in
short, play havoc similar to that wrought decade ago
Poland, Austria and Germany?
One things to stand out clearly. Practically
in position of authority desires initiation of the type
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
TRAFFIC MANAGER NAMED

Appointment of E. S. Stephens as
general traffic manager of the Chi
cago & Eastern Illinois Railroad,
was announced today by G. T.
O'Neal, president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
fBv James E. Bennett)
LOCAL CASH MARKET

City grain elevators are paying 80 cents
tor No soft red wheat other grades
on their merits Cash corn No yellow
SO cents and oats 40 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Paper Money Useless

Past experience indicates that the
printing of money rarely, if ever,
solves the fiscal problems of a gov
eminent. AS more money is printed,
prices and wages rise, thus making
necessary increased Government ex-
penses. But larger expenses call for
still more money, and the presses
are speeded up. The end is too well
known to require comment.
Now let us return to the original
query: Are we menaced by inf1a-
ton? There can be but one answer.
w decidedly are, and will continue
to be until the budget is balanced.
When that feat is accomplished, the
menace will disappear. The funda-
mental question therefore. is:
When will the budget be balanced?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Un7Cieldy Budget Held
Presenting Main Reason
for Fears of Initiation
Development If 1t Comes, Will Not Be Due to the Actions
of Persons Seeking Monetary Changes ECono
mist Declares in Study.

This
and Finance
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Breaking of Trend Lines Is of Real Importance
to Traders in Both Rising and Failing Markets

This is the fifth of a series of six
articles written tor The Indianapolis
Times which will explain the significance
Of chart formation to market followers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

described. Certainly Pres
ident Roosevelt is strongly
against it. His advisers have
the same attitude. 1t would
be hard to find a single member of
either house of Congress who is not
bitterly opposed to anything of the
sort.
Relation Not Dangerous
Of course many members, perhaps
a majority, favor ref1ation-that is
raising the price index to the 1926
level. There is nothing radical in
this idea. 1t represents merely an
attempt to secure equity between
debtors and creditors. Few of the
refationists are inf1ationists. 1t is,
therefore, safe to say that imitation,
if it comes, will not be due to the
actions of persons seeking monetary
changes.
Wherein, then, lies the menace OF
imitation? The answer is: In the
unbalanced budget. Each month
the Nation is spending far more
than it receives in taxer. Each
month, therefore, the national debt
is growing larger. The spenders at
Washington now talk of billions as
unconcernedly as their predecessors
of few years ago talked of mil
lions.
AS yet the Nations credit is I'M
impaired. The advocates of spend
ing contend that its credit will be
equally strong when the national
debt climbs to fifty billions. Per-
haps. Who knows? What we do
know is that in the past nation
after nation has gayly pursued the
course of allowing expenses to run
far ahead of income, and that his
tory records but few such instances
in which the end has not been
bankruptcy. Are we immune to the
forces which have dragged down the
credit of other nations?
Suppose that we are not. What
will be the result? The answer is
that some day the market for
United States securities will collapse
to such an extent that neither
cajolery nor threats will induce
buyers to take the bonds offered
At this time the Government will
presumably have outstanding vast
commitments for building, for re-
lief, for salaries and for other pur-
noses. Will it do what other govern
ments have SO often done in the
past under similar circumstances,
print money to pay its bills Time
alone can tell.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05
Retail Coal Prices

NON leading Indianapolis coal dealers
A ascent carving charge Der ton will be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

DOMESTIC RETAIL PRICES
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

Quotations below are average wholesale
prices being offered to BUYERS bv local
dealers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-05

Latest Stock, Bond and
Commodity Quotations
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-23
Magazine of n. Y.
John Reed Club to
Appear Jan. 10Th

The John Reed Club OF New York
announces the publication Of Parti-
san Review, a bi-monthly magazine
OF revolutionary literature and criti-
cisn1, to appear on Jan. Goth. The
magazine will contain fiction, poetry,
MsrXist criticism and reviews express
sing the revolutionary direction OF
the American workers and intenectu-
ais in integrated literary forms.
The John Reed Club has long felt
the necessity Of having an organ Of
its own, and now, with the definite
publication of the magazine, the
hopes and enthusiasm Of the club are
running high. with the new pro-
gram for the New Masses" writes
Granville Hicks, noted literary critic,
there is not only a place but a real
need for such periodical"
The first issue Of Partisan Review
contains short stories by James T.
Farrell, Ben Field, Grace Lumpkin
and Arthur Pense; poetry by Stan
ley Burnshaw, Joseph Freeman, Al
fred Hayes and Edwin Rolfe; critical
articles and reviews by Obed Brooks,
Granville Hicks, Wallace Phelps,
Philip Rahy, David Ramsey, Water
Snow and Waldo Tell.
A single copy of this 81 page maya
zine viii sell for Is cents. A years
subscription is rs cents, q dollar for
eight issues. All communications are
to be addressed to Partisan Review,
430 Sixth Ave, N. Y. G.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-23
Artists in Boston
Organize Probe
CWA Art Project

BOSTON, Jan. 22.-Boston artists,
members of a committee elected at a
mass meeting Of artists Thursday
night, today notified Francis Henry
Taylor, New England Regional Chair
man for the Public Works Of Art
Project, that they would call upon
his committee next Tuesday at the
Gardner Museum.
The committee Of artists will pre-
sent a series Of questions relating 10
the administration Of the art protest
in this district and they will report
the information supplied by Mr.. Tay-
lor's committee to a second meeting
Of Boston artists next Thursday, Jan.
IS, pm, at the John Reed Club,
825 Boylston st.
At the first meeting, Boston artists,
including applicants for work under
the C.W.A. project, discussed the
problems OF unemployed and en-
ployed artists. In addition to Secur-
ing information from the Regional
Committee, the artists committee was
instructed to prepare plans for the
establishment Of an artists protec-
tive association.