davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
UnfavOrabIe Developments

The government deficit has been
large and is increasing rapidly.
Although government spending
for emergency purposes has not
stepped up to any extent, the out
look for the winter, in light of the
proposals Of administration spokes-
men for huge public works projects
indicates that great deal of spend
ing may take place this winter. Al
though this spending will act as
Stimulant to business, we feel that
it will fail to prime the pumps just
as it has failed in the last few
years.
Congress is likely to have some
radical ideas in connection with in
f1ation and a central bank. Recent
advices from the administration in
dictate that it does not favor a CEN
trail bank. However, it also has
been intimated that the detectives
of central bank could be achieved
by changes in the federal reserve
act. This step would be unsound.
The continuation of the silver
purchases, despite protests by China,
indicates that the administration
has not yet abandoned monetary
panaceaS.
The relatively low level of velocity
reflects the fact that business is not
using the funds which it has avail
able.
Although, as mentioned above,
there are indications that the adj
ministration is becoming more con-
sentative, it must be remembered
that the administration has been
subject to sudden shifts in the past,
and if any unlooked-for develop
ments take place, such as a break
in farm prices, we have no assur-
ance that a shift to the left" and
to unSound measures will not again
take place. This factor is prob
ably the most important of those
listed in this tabulation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Other livestock
(By United Pressl


1861 no9dnS 5000 dre aGs: SsR
active, about steady with Thursdays az az
most pigs oS So 50 down packing sows $50
a so; light lights, 14O-16O lbs. good and
good and choice, s460@ SIS; medium
weights, 2OO-25O lbs. good and choice,
s5S5 a $50; heavy weights, 25o-35O lbs,
275-55O lbs. medium and choice. S4.25@
$50; slaughter pigs, 1ooIl3O lbs, good a nd
ceipts' 1000 cor commercia 500 government;
few loads better grade steers and year.
lings. steady to strong but market ark on on
Liberal supply eSnm Tesh arre yeq
SLOW; steady to weak; general market not
nearly as active as Thursday on steers;
fully nov sfcS on cb she SeeE
yssIers steers s5o-9 900 lp 1SS good o and
and choice, s6@875; 1lOO-l, 300 lbs. good
and choice, S6d950: 1901 500 lbs. good
and choice, s6.50d9.50; $50 300 lbs. com
$50 lbs, good and choice. .s5.25a8: com
mon and medium, S275M525;. cows, GOOD,
S3.2sG4.50; common and medium, 225M
bulls. yearlings excluded. good. beef. 1925
"A; cutter common and medium. $2d335;
vealers good and choice, S550d7: medium,
stocker and feeder cattle: steers, 55o-1,O50
and medium, s2;5od4 sheep-Receipts,
at s6.75d s.s5 to small killers and traders;
bulk bid lower at $3.50 down; sheep and
feeding lambs, steady; bulk slaughter ewes
s% , . 3? rs: down good and :h e IS;
s3s: ewes, 9o-l5O lbs, good and choice
80: feeding lambs 50-75 lbs, good and
choice. s5.50d6.l0.
e Fl SAyEg SSy 5 sHo g85 S g.
sfS 1925 SS0sSo Ds Os scos5S 1890 5 u.s.
i4O lbs. s375 I2O-1SO lbs. s3,25; 100; 100
Caves Si sa e. l sGaShS sss $50 stays S2''
n1s ATAY sG5So N ss sMa5ss st. ssSss
sso lS zoS5 $50 i0i sosoo 6
$50 lso-1So lbs, s4so@S: pigs: s4 SO
down; lambs, Sc down.
(By Times speciaD
LOUISVILLE. N9,y: 2..CattlemC SHT9 IT.
sS classes p1 n5 Se92 e sdg
few common 81 better finished s,i;t steers and
s 2F. s PTfct cste TOP co ss2S mSs S
sausage bulls. s2.75 down; desirable. Here
I ford stock calves. s45od5; most feeding
/ steers. s3d375 Calves-Commercial SIS,
including 225 stock calves. vealers steady.
most better grades. s5.50d6.50; strictly
choice. 81; medium and lower grades, IS
down Hogs-Receipts. 500; market zoe
higher: top and bulk desirable, 200-25O
/ lbs. s5.75; 1s0-l95 lbs. s5.35; .2S5 lbs. up
IS 30; 160-l75 lbs. s4.75; 14o-l55 lbs,
440: sheep 22s: including so stock ewes;
gener ally steady market on all slaughter
classes most better lambs S.; choice
| ST per hundredweight light throwouts
| So so; better fat ewes. s150d2; most
| stock ewes salable, $50 per head down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
SWINE MARKET
MOVES UPWARD
Prices Generally 10 Cents
Higher; Cattle, VeaIS
Remain Steady.

With extremely light receipts and
a strong undertone on hand at the
Union Stockyards this morning,
porker prices were generally 10 cents
higher than yesterday.
The bulq of Is OTTO 200 pounds,
was selling at $50 to $3.50, while
weighty grades ranging from 200
to $50 pounds, were salable at $5.55
to $3.50. Top also held at $500 Few
light hogs, scaling 100 to 100 pounds
were reported selling at 81 to $475.
Bulk of light slaughter pigs,
weighing from 100 to 100 pounds,
sold at s275 to $3.75. Receipts were
estimated at only $500, lightest on
hand for several weeks. HoldoverS
numbered 489
Cattle values continued I'M
changed, with a weekend cleanup
trade prevailing on all classes. Bulk
of steers and heifers was selling
from SO to SIS. Few kinds were in
active. Receipts were 500. With
only slight action evident, vealerS
remained stationary at ST down.
Receipts numbered 500.
Initial trading was scarce in the
lamb market and the majority of
classes held steady at the previous
close. Bulk of eve and wether
lambs sold mostly at $6.75 down.
Few choice grades held at ST. Bucks
were discounted 81, while throw
outs ranged from $3.50 to S.. Re-
ceiptS were 800.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Produce Markets

Delivered in indianapolis prices: Heavy
hens lie; Leghorn hens &c; colored
springers, &c: old ROSTERS. Sc; ducks. Sc;
geese; Sc. young guiness, zoe; old guineas'
loss of, 24c. Each full case must weigh
IS lbs. gross: a deduction a. Of loc a pound s
/ 30d3lc. Butterfat-25c.
Quoted By the Wadley Company.
(By United Press
CHICAGO. Nov. 2. - Eggs = Market.
steady: receipts 1859 cases: extra frsts.
2sc: fresh graded hrsts, 27c; current re-
ceipts 23is d25isc: dirties No. I. zoe; No.
2, lsc; checks No, !; lsisc; No: 2 l sc
tubs: extras te2 soorel. 2sizc; 1rsts lss-
ssis scorel. 24,4a2slsc; s5so, hrsts 49,
ards 27S.c. Poultry-Market firm; re-
ceipts. 40 trucks; geese, lle; turkeys it "a
trading rather slow: market firm on
Russets and Mcclures. dull On others;
Wiscon Round White, 77lzG voc, car
e2isc, unclassifed soc: Idaho Russets
81 50GIs2iz: United States No. 2. sli5l
i27ia. Arrival 70, on track al, shipments
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
WORLD TRADE GAINS
DISCLOSED IN STUDY
Marching Toward Recovery,
Commerce Dept. Says.

By Times Special
WASHINGTON, Nov. 2.-Reports
to the Department of Commerce to-
day indicated that the world is
marching slowly toward economic
recovery, despite political turmoil,
exchange uncertainties and severe
trade restrictions.
World shipbuilding registered an
expansion of more than 100000 gross
tons, or approximately rs per cent,
for the September quarter as COM
pared with the corresponding period
last year.
Exports of leaing chemicals and
allied products from the United
States in the first eight months of
the year were valued at $75,000,000,
an increase of about IS per cent over
the 1888 period.
Monthly production records of the
Swedish iron and steel mills were
broken in August and AuStria's in
dustry showed considerable improve
ment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
On Commission ROD

Quotations below are average wholesale
prices being offered to buyers BY local
commission dealers
FRUITs-crsnberries. Cape Coo. early
blacks. 75-Ib box $3.50. Grapes. MICHIGAN
Concords. I2-Qt basket soc: Csiiornia
FmperorS 2T-lb. box. 81. Crabspples
Michigan hyslops, bushel. Sl-s5, Persim-
mons. Indiana. u CTS. poe. Peas. New
YORK Bartlets. bushel S2.So. Avecados
box. 81 So Ounces, bushel So Bananas
pound. Sc: plneappies. crate. s.. size 50.
AppleS maiden blush, $50. northern spys
al IS: Indisna tonathans. si.6S: grimes
golden. si.50GITS. Melons California
honey devs. s2.25
VEGETABLES-cabbage Northern Dan
fish s0-lb. bag. soc: red. pound, SC
onions, Idaho, sweet spanish. large. SOLO.
bag. $40; MichiSan. yellow. Si-lS; white
10. bag. Sis. Potatoes New Jersey Cob
TS si ioo-I5. Sas. 81: ohios. ioo-l5, bag.
st.s5: Idaho Russets. ioo-lb. bag; 81. Sweet
potatoes Indiana Jerseys. busheL 81 so.
indiana Nancy Halls hushel. 81. Beans.
round StrinEieSs. bushel. Sis. Beets.
dozen. zoe. Carrots. homegrown. Dozen.
35c Caulifowsr. crate. 81 Is. Celery.
Michigan. medium. dozen, soc: jumbo.
dozen. 6Scs hearts. bunch. e0c. Cucumbers
hothopss, dozen. Is. Endive dozen. 4oe
husheL soc Lettuce. outdoor. lS-lb. has-
dozen. SOC Parsley. dozen. 55c- Peas
Hamper. S37s. Spinach. homegrown
hroadieaf. bushsl. soc RsdiShes, dozen
soc tomatoes. outdoor. lab. basket; 4Sci
busheL 81 so TurnipS. home grown. dozen
zoe. pumpkins. dozen. 81 3.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
BUYING OF WHEAT
PUTS PRICE HIGHER
Advance Is Attributed to
Liverpool FirmnesS.

By United Press
CHICAGO, Nov. 2 Relative firm
ness in Liverpool, rejecting strength
in other markets yesterday, brought
buying into wheat. futures on the
Board of Trade today.
Wheat started unchanged to q
cent higher, corn was up q to "a
cent, oats we're unchanged to Il cent
higher, and rye was unchanged to
up 4 cent.
Activity here at the start was not
as pronounced as yesterday out nu-
merous small buying orders indicat"
ed that the public still was in the
market.
Unfavorable corn huSking reports
aided corn.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
STOCK MARKET
DISPLAYS CAIN;
TRADING SLOW
List Up Fractions to More
Than Point: Mercantile
Issues Lead.
BsU riisdPrsss

% trfff1 fffAa
NEW YORK. Nov. 2.-Prices
Armed fractions TO more than
point on the stock market during
the morning dealings today. Trad
ing was active for a time, but to-
ward noon IL dropped of TO the re-
cent dull pace.
Several issues OF the mercantile
group were active. with .McCrory
Stores the most active issue on the
board. All Of the McCrory group
made new 1894 highs. The A stock
touched 7N, I'D a point; B. 67.. up
=. and the preferred IS. up s.
United Stores issues also we're
strong, with the preferred at a new
high for the year Of Ga. up ? points.
Mail order issues we're active and
higher.
Wilson issues continued to rise in
the packing section. Rubbers gained
fractions 10 more than a point on
the recent tire price rise. Pressure
lifted on rails and they advanced
fractions TO more than a point.
Wet stocks we're higher. with
Schenley. United States industrial
Alcohol and American Commercial
Alcohol up more than a point each.
McKeesport Tin Plate rose 3 points
in the special issues.
Pivotal issues we're better United
States Steel reached 32ss, up =;
American Telephone. Ill. up IL;
American Can. 1Ol7s. up s.; Chrys-
Ter, 347z. up l. and Consolidated
Gas, 262s, up =.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
SECURITY FIRMS MERGE
Abbott, Proctor e. Paine Combine
With Livingston & Co.

The consolidation of Abbott, Proc
tor g. Paine with Livingston & Co,
stock brokers, became effective with
the opening of business yesterday.
The new firm, whose head Offices
are in New York City, retains its
indianapolis branch in the Cont
mental building. James T. Halhill
and Kenneth <. Wooling are the
local co-managers. The new firm
has twenty-six Offices in the United
States and Canada and maintains
leased wires to sixteen other cities
in addition to those in which its
offices are located.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
UTILITY RENTS TAXES
Checks for S7l2.O06 Sent to IS
County TreaSurerS.

Checks totaling s7l2. OO6 have been
sent to sixty-eight county treasurerS
in Indiana in payment Of November
property tax inStallments Of the
Public Service Company Of Indiana.
Northern Indiana Power Company
and affiliated companies.
The largest tax payment was
made BY the Public Service Com
pany Of Indiana with checks total
Ing s5Ts.344 70 fifty-eight county
treaSurers. The Northern Indiana
Power Company's instsllment was
sl26.470 and the Traction Light and
Power Company S7.24i-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Favorable Developments

The rapproachment which took
place between bankers and the adj
ministration is one of the outstand-
ing favorable developments in re-
cent weeks.
The President in his recent talks
has given definite indications of a
turn to the right"
Crowleys suggestion that the per-
mapent plan of deposit insurance
will not be put into effect, but
rather that the temporary plan will
be continued is sound move.
The recent increases in business
loans, the large amount of excess
reserves, and the sharp increases in
deposits, all indicate that adequate
funds are available for business ex-
pansion, and that some expansion
has taken place.
The dollar has been stable in
terms of gold since last January.
The treasury has continued to
finance itself through orthodox
means. The huge maturities coming
due in the next six months and the
calling of the liberty 4As a week
ago indicate that a conservative
course will be the best one for the
treasury to follow.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
EMPLOYMENT GAINS
REPORTED IN CANADA
Increase in Lumber Camp Labor Is
Outstanding Factor.

b TiHIfs NpCri1I
OTTAWA. Nov. 2.-Employment
by 1854 Canadian firms on Oct. l
totaled s33.4s6 persons. an increase
Of l0.4Os from the previous month,
according to the Dominion bureau
OF statistics.
The bureaus index. based on 1926
as 100. stood at 100 on Oct. l. COM
pared with 9s9 on Sept. l, and 9O-4
on Oct. l. 1888.
Larger employment at lumber
camps vas reported the outstanding
factor Of the months gains, while
mining activities showed the largest
percentage gain
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Stock Studies

The Commercial Credit Company
is both a pioneer and a leader in
the field of commercial banking. 1t
has played a big part in making
possible the large sales of automo-
b.les and household mechanical
equipment on installments.
The company lends money to
manufacturers and distributors on
sales Of automobiles. mechanical re-
frigerators. oil burners and time and
labor saving machinery which are
paid for on the installment plan,
and also purchases bills receivable.
Automobile financing constitutes the
LARGEST part Of its business.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
FOOD INDEX DISPLAYS
ADVANCE DURING WEEK
Aided by Boost in Dairy Quotations,
Figure Rises Cent.

By j lmCS Npectdt
NEW YORK, Nov. 2.-As con-
sequence of the sustained advance
in dairy products, Dun & Brad
streets weekly food index rose one
cent to S2.3 as of Oct. 30.
1t represented the first upward
movement in the last five weeks, the
number having declined steadily
since the 1884 high point was
reached on Sept. Is. The latest fig
ure compares with s1.91 at this
time last year.
Lower prices were recorded this
week for flour, wheat, rye, oats,
barley, beans, peas, steers and hogs,
which were more than balanced by
advances in butter, eggs, corn, lard
and lambs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02

- -
from the excellent
manner in which
a very bad in
vestment stu a.
ton is being over
come rather than
from a ny idea
that good judg-
ment was used in
the 1otation of
these securities.
Compared with
corporate securi-
ties, of course, the
showing of the
foreign bonds is
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Chicago Stocks
Wall Street
by RALPH HENDERSON,
Times Special Writer.

NEW YORK, Nov. 2.-Invest-
~ ment bankers at their White
Sulphur Springs convention seemed
tn be we'll pleased over the fact that
about 81 per cent of the foreign
bonds outstanding in this country
are yielding interest regularly. Their
attitude seems to arise, however,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
WHEAT EXPORTS LOWER
Total In Week on From S4,O50.4S0 TO
s,4S4.000 Bushels.

Exports Of wheat Gncluding -four
as wheat from United States and
Canadian ports. as reported 70 Dun
& Bradstreet. Inc. for the week end
ed Oct. II, totaled 3.464.006 bushels,
compared with 1850. $50 bushels in
the previous week and 4.1sl.162
bushels In the corresponding week Of
last year.
Corn exports for this week we're
MI. compared with nothing in the
preceding week and 1000 bushels
last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
KINFDNST PROMOTED

At a meeting of directors Of the
Timken Roller Bearing Company, l..
M. Klinedinst was elected to the
board and also promoted to the Of
fee Of vice-president in charge OF
sales to fill the vacancy created by
the recent resignation of Judd w.
Spray.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02

not a particularly bad one. But
when it is considered that a nation
has many more resources upon
which to draw to meet its oollga-
lions, and that when it declines to
draw upon such resources investors
are unable to do anything about it,
the bankers who really went out So
Letting these loans can scarcely
point with pride to their handiwork.
TN all fairness, however, it must be
L recognized that the American
bankers had little experience with
foreign financing when they began
underwriting foreign securities. In
all probability, if they ever get back
into the field, they will make good
use of the experience they have
gained during the last five years.
In fact. they say as much in a spe-
cial report on the subject. This re-
port says in part:
Those nations which have faith
fully and promptly lived up to their
obligations and have utilized all Of
their efforts to meet their debt OBJ
legations will find the American
bondholder receptive to new issues.
Those borrowers, on the other hand,
who treated lightly their foreign
engagements and who at the first
excuse suspended debt service need
not be surprised if they find the
American market closed to them for
many years to come"
THAT the bankers are laying the
l. groundwork for re-entering the
foreign field is rather evident. This
is as it should be, despite the unfor-
tunate results of their past efforts.
If the United States is to take its
rightful place as one of the leading
banking and trading nations of the
world it must be prepared to grant
loans upon occasion. Older banking
countries have their difficulties and
have learned the business through
actual experience, so We probably
should not feel too badly by reason
o. having had our taste of it.
Another interesting development
originating at the convention is the
seemingly new attitude the invest
ment bankers have taken toward
public utilities as investments. Here
tofore they always have expressed
| the belief that the government was
entirely out of order, from an eco
ncmic point of view. in attempting
to compete with private interests in
the industry.
Now they take the attitude that
maybe the government will be able
to make 60 of it, after all At any
rate. they regard the activities of
! the government in that direction as
a test of the situation, and they are
quite willing to wait and see how 1t
turns out.
A NYONE at all familiar with
L n banker reasoning. however, will
know that they really have not
changed their point of view. They
arc making the best of what they
regard as a bad situation. They
are convinced that the government
efforts will quickly prove disastrous
and that it will not be long before
the public becomes aware of the
failure and demands a return tc
private ownership and management
OF utilities.
The sooner this happens the bet
ter pleased they will be. and in the
meantime they will bear up as best
they can
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
MERCHANT TONNAGE DIPS
3y Times SpeciaI

BU IfHes SpfcfGt
WASHINGTON, Nov. 2 - The
American Merchant Marine report
ed tonnage on June 80 showed "a
$40 vessels of 14.861 1874 gross tons,
an increase of thirty-nine vessels,
but a decline of 1898 gross tons
from a year ago, according to the
commerce department.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
GOLD OUTPUT AT PEAK

BIZ Times Special
OTTAWA, Ont, Nov. 2.-Cana-
dian gold production in August
totaled 264,870 ounces, the highest
monthly output on record since
June, 1882, the Dominion bureau Of
statistics reports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
LOCAL CASH MARKET

City grain elevators are paying 81 cents
for No 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, 1934-11-02
SEED CORN PURCHASED

By Times Special
DIES MONIES, Ia, Nov. "A
total Of 22,031 bushels of seed corn
has been purchased for use among
farmers in the Iowa drought areas,
Governor Clyde L. Herring has an
nounced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
GOVERNMENT DEFICIT
PASSES BILLION MARK
Treasury Statement Reveals Figure
Exceeded on Oct. 20.

By United Press
WASHINGTON, Nov. 2.-The gov
eminent deficit for the fiscal year
1884 passed the $1,000 100000 mark
on Oct. 80. when the deficit reached
81 .026. ! 1873 ,99830, the treasury re-
vealed.
On Oct. 30, total receipts stood at
81 pos, 184, 66645, while expenditures
for the year were s1,l29, 101 ,226.47.
This years deficit compared with
a deficit of s4s1, 906, 629.57 on the
corresponding date year ago. On
Oct. 20, 1884. the public debt stood
at s27, 168, 804.5 27.83 as compared
with s23,050, 256,71727 on Oct. 80,
1898.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Marion County Bonds
Issue Sold at 2so Per Cent, Lowest Interest Rate on
Record Reflects Economies
by VINCENT s. LYONS
Times Financial Editor

In this transitional era of wobbly municipal credit
structure is refreshing to note that Marion county has
been able to sell bond bearing interest rate of go
per cent the lowest in the history of the county, Pro-
curing coupon of per cent under constitutes quite
an achievement in municipal circles in these times.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
MORE CARS NEED REPAIR

WASHINGTON, Nov. 2.-ClaSs
railroads had 296,418 freight cars in
need of repair on oct. l, an increase
of 3,245 over Sept. l, according to
the American Railway Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
FINANCIAL DATA
- a~ns

During the IL months ended June
81. funded debt was decreased by
s5.700.OO0. preferred stock also was
about sl.I00.O00 less. The increase
Of nearly s55.300. 900 in short term
notes is absorbed in part by the in
crease Of s3S. 100000 in advances
and nearly s6.O00.o00 in cash. Re-
serves also increased s.. 400 900,
while SURPRISES were up 81 100000.
During depression years earnings
naturally dropped OF, but q deficit
showed only in 1882. Net Of sl.52
was shown on the common in 1888
and s2.s3 in the first nine months
OF this year.
Dividends have been successfully
reduced from the old 81 rate and
finally omitted in June. 1892. This
year. however. dividend payments
have been resumed and the common
stock is now on a 81 annual diy1-
dend basis.
Commercial Credit was ilcorporat-
ed in 1912 in Delaware. The COM
mon stock is listed on the New York
Stock Exchange. At a current price
Of around 20 the common sells to
weld about 81 per cent.
AL Rights Reserved Winchester Institute
Of Finance. Winchester. Mass.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-02
Money and Exchange
Treasury Statement

WASHINGTON. Nov. 7-Governmsnt ex-
nenses ana receipts for the current fiscal
wear 20 Oct ~. compared with the cor
responding period OF the previous nseal
Thr Year Last Year
rr,er..s a 1ss n1s ia II 81 400 $40 7SS as
Pecepfa . I 223. 7s3 7f7 % alI $40 rs g
Dencf 49,. 1000. 740 s7a "a 4sI 90s. s29. 81
Cash bal 1911. SIT 972.77 -------------.-