davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
OUTPUT RISES
4.8 PER CENT IN WEEK
Production Totals 1,674.266, 900 KiIo-
watt Hours.
By Times Special


CHICAGO. June 29.-National
output of electricity during the week
ended June % totaled 1874 oct, 900
kilowatt hours. an increase of As
per cent over the corresponding 1888
week. In the preceding week output
was 1865. $4,000 kilowatt hours.
The report. issued by the Edison
Electric Institute showed total out
put in Chicago alone amounted to
97.8740O0 kilowatt hours an in
crease of So per cent over the SINH
lar 1888 week. In the preceding
week output totaled 97693,000 kilo-
watt hours. The increase in Chi
cago over early months this year is
attributed TO the Century of Prog
reSS.
Gains by districts last week over
the corresponding 1888 week was as
follows: Middle Atlantic, &C per
cent central industrials, ST per cent /;
west central, IA per cent and
southern states, 4.3 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
lBY united Pressl

CHICAGO, June %. Il Hogs-Receipts.
1S, 600 including 5000 directs active ad fully 15g
cents a higher fdn h o. yfdedoayb lbs 22 y 5
az go; light lights, $3.75@4.2 IS; good pigs.
$3@S.5o; packing sowS, $4,000; light
gh 1 sht Weight G fGSo Spq D sn0 good and
choice, S4.1504.90; medium weights. 200
ESQ lbs, good a aT6 ,sS choice 2U $4 a5 SOB
$s8 o5 ?O pseng so4 s90o a7555o
lbs, medium and choice, $369@4.4o
slaughter p4ggs l99lao lPs go9d ana
on most killing classes; killing quality
plain; ocal demand narrow; very few
cattle in crop vel finished enough to in
steers down to So; bulk $4.50d6.50; best
yearllngs. $3.50; practically all kinds re-
fectlng weeks rs to so cents downtorn;
can market on cows and heifers; slaughter
cattle and vealers: steers $4,000 lbs,
good and choice. $5.75@8.50; COOL 100 lbs.
lbs, good and choice, S6.50@10.35; 1900
! 500 lbs, good and choice, s7.50@10.35
550-l 300. lbs, common and medium, s3d
81. 75Q CTS; common and medium, S2.25l
5; COWS good S3.75Q5; common and me-
oium, S2.35@3.75 low cutter and cutter.
81. 50@2.35; bulls .yearlings excluded good
beef. S3G3.75; cutter common and me-
dunn. S3.50d4; Gull and common, 81 50d
$50; stocker and feeder cattle: steers, $50
mon and medium, $3d4. sheep-Receipts.
6 600; most classes in meagre supply;
steady; good to choice native spring lambs,
to a e%e5 s i9
slaughter, sheep and lambs: spring lambs;
good and choice, S808.85; medium. $3.50
$50 q 2.25; all weights Common and me
dunn, S1G175.
i HSf F higher 25o-s s lbs. s475 s6o-S25
lbs. $3.50; 225-250 lbs, $40; 2Io.225 lbs,
$ 8 S. 29o2 IN b lbs s46o 10000 5 p
16o-170 lbs s4.35; 150-16o lbs. s3.S5;i4G-
$50 lbs, $3.50: 13o-14O lbs. s3.35; 1o6-130
s caves So earring 5oufa lambs 81 SGVn spring f2g
lambs S7d7.50.
-. higher $4,000 lbs: s4.75l 2oo;5SO Ibs.
4 Fl 'H Ss g 49, 4o i3 bs ss s3 49,
$50 lbs. So: fOo-I20 lbs. s2.75; roughs,
$3.50; tags, Sis calves, $3.50; lambs So.
tBy Times Specially
LOUISVILLE, June 29.-Cattle-Re-
ceipts IS; supply meaager; largely palmer
bulk common to medium steers and heifers
quotable. s4Q5: thin aeshed grassers in
cutter flesh down to 50 or less; strictly
bulk beef cows. s2.50M3; good smooth
kinds to $3.50 and above; bulk sausage
bulls considered salable s225G2.75; best
heavy kinds quotable higher Stockers
absent. Calves--Receipts, 400; steady;
bulk vealers. $2a4. according to weight
mostly 10c lower; better 1925 ID.
weights mostly $40; few closely sorted
choice kinds this weight. s4.75; most
butchers from 275 lbs. up. 81; few S4.05;
l60-l85 lbs. s3.70; 145-160 lbs. $685.: 100
las lbs, sle5; sows. So As; grassy and I'M
finished hogs discounted 50cdsl. 5heep-
receipts, 2,ooo' run includes two doubles
rail lambs; market not fully established;
early bids fully soc or more lower: better
truckedin spring lambs bid mostly. $3.50,
few held higher; bidding mostly. s775d8
for better longhaul overnight and rail
lambs; bucks discounted 81; few light me-
dunn lambs, s550G6: throwouts. IS down;
fat ewes mostly Sld2. stock ewes auotable.
s5.50d750 per head
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Produce Markets

Delivered in Indianapo prices: Heavy
ers ~ lbs. and over: 16c; Leghorn oroilers
lie; old ROSTERS. 4c; ducks and geese. &c;
ssSinssas. i5c: No. strictly fresh country
case must weight SIS lbs, gross; deduc;;
ton of 10 cents a pound for each pound
under IS lbs. will be made Butter3No1; od /:
Quoted BY Wadley Company
(Bv United PressI
Strong strong southern them s1.i0a2.75 barrel; Maine,
Sl.I0G2.25 barrel Sweet potatoes-steady;
Jersey basket 60cq$2 Is: southern bas-
patents, s7m7.25 barrel. Pork-,Firm; mess
turkeys. 12lsa27c; chickens. sd27c;
l0 Si i8c; ducks. i5ai4c; Long Island ducks
l3Gl5c. Live poultry-Irregular; geese,
&c; turkeys. 11419c;- ROSTERS, &C.: DUCKS,
che ayS Dull; state whole milk. fancy to
specials, 1801ec. Butter-Receipts. 1926
packages: market, frmer; creamery, high
sE than sxtTas 25G25'4c extra 81 seG9Te
frst 1888 score. 23d2374c seconds,
2214d222zc: centralized go scorel 24d
2al+c centra ali sc $3.50 se9Te ,5 ga 2sc
Receipts IA, $50 cases; market, steady,
special packs. including unusual heennery
selections; l7l2a2lizc;, standards l71z+e IL;
1414c; dirties, 14lzdI4a4c; checks. 13G
l3lzc; storage packs, l612c.
CLEVELAND, June --Butter-Market.
steady: extras. 2sc: standard. 28c. Eggs
Market, steady; extra white. l5c: cur
colored. fowls. 6 lbs and over. 16c; Leg
horn fowl mediums. 16c; old ROSTERS,
&c; ducks white. 5 lbs. and over. Ian l5c.
Potatoes-North Carolinas. $3.50 barrel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Investment Trust Shares

balance s2.639. 900, 446 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
FUTURES SHOW
LITTLE CHANGE
ON MIXED NEWS
Considerable Profit Taking
Appears in Corn Pit
After Opening.
BY HERMAN w. NICHOLS
United Press stan Corresnondent

CHICAGO, June Influencing
factors were mixed today and grain
prices were unsettled at the start
of the Chicago Board of Trade.
Wheat held i cent lower to
cent higher. corn was off Il to a
cent higher, oats we're unchanged
to q cent lower, and rye remained
unchanged to q cent lower.
Wheather throughout the wheat
belt remained arid and extremely
hot. Corn appeared in an over
bought position and operators be-
gan to even up their lines. Con-
siderable profit-taking appeared in
corn at the start.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
FIRM REPORTS PROFIT
Beatrice Creamery Net Earnings in
Quarter Total S148,077.
BIZ Times Special

CHICAGO. June 29.-Beatrice
Creamery Company reports net
profits in the three months ended
May 81 were $14,077, equivalent to
approximately $140 share on the
preferred stock with a deficit of 10
cents a share on the common.
The company did not issue quar-
terly reports last year, but G. H.
Haskell, president, said the returns
were slightly better than for the
same period in 1888. Sales in the
quarter were S12,389,4 86, an in
crease of 2091 per cent in dollar
value over the same period last
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Net Earnings Reported

American Water Works and Elec-
trio Company for the year ended
May 81, 1884, reports net earnings
equivalent, after payment of pre-
ferred dividends, to Slab a share
on its common stock, comparing
with IS cents a share as adjusted
for the year ended May 81. 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Other Livestock

Good and choice . 2.O0@
Common and medium ...... 1900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
u. S. STEEL PLANNING
NEW WIRE, ROD MILL
Four Sites in Chicago Area Being
Considered fo~ Project.
By Times Special

~ ImfS NpfCl1T
JOLIET, Ill, June United
States Steel Corporation at their
offices here this week announced
plans for the construction of a new
wire and rod mill to be erected soon
somewhere in the Chicago area.
The plans are a part of q quiet
ly formulated program of expan-
sion, which included decentraliza-
ton, with smaller plants in scat
tered towns, instead of large mills
grouped in one city.
Sites in Joliet, Waukegan, South
Chicago and Gary are being con-
sidered for the erection.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
On Commission Row
June 20

June 20
Fruits
Apples..IFaancy. Delicious. s2.65: Trans
Electromagnetic. crate. s225.
Cherries-Home grown. loot. crates.
California sunkist $500
SIS; Valenttias, $5.5o65;75.
Grapefruit-Florfda seedless. s4.25.
Strawberries-Home grown. 24-ut. crate.
NEUTRALITY-SUSPICIOUS. Indiana black, "a
ntaloupes-Calitornia 1umbos, ass.
s4;a standards. s3.75; Honeydews. s275.
Pears-Calavos,- $3.50 per box
Neutrality-suspicious. Watsons. 3O-lb
Bananas-Per pound. Sc
Vegetables
Sweet Corn-Alabama. 5-dozen crate
Cabbage-Home grown. bushel. CSC.
Celery-Michigan, fiat boxes. $2.l5@225;
medium, doz.. Csc.
Potatoes-Northern round white. 100-lb.
bag. 81 so: North Green Mountain. S1.75:
Colorado McClures. $1.65; Idaho Russets
10o-lb. bag. 81: new Texas Triumphs
Sweet Potatoes-Tennessee Nancy Hanks
Beans1;Roundl,o stringless. $3.50
Beets-NeW. 30c a Dozen
home grown, doz, 35c
collaboration grown, bushel, 81 rs.
Lettuce-Outdoor 15-lb. basket. So: ice
0e Peas Seefr la q $50 $50.
Radishes-Home grown buttons. large
bunch. Csc.
spinachSHome crown E69%n 6 6SsSei o Sc
81: original Texas. so-ib. lug. Si.5O. 'SN'''
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
PAN AMERICAN MAKES
INITIAL DISBURSEMENT
Dividend Is First Paid by Firm in
Seven Years of Existence.

BIZ Times Special
CHICAGO, June 29.-Pan- Ameri-
can Anyways Corporation this week
declared a dividend of Is cents a
share on the common stock, the first
disbursement since the company
was formulated seven years ago.
In announcing the payment, j. T.
Trippe, president, said mail, passen-
ger and express traffic over all di-
visions of the system has steadily
improved this year
Directors of Central Power and
Light Company, indirect subsidiary
of Middle West Utilities, authorized
payments of 43& cents a share on
the 7 per cent cumulative preferred
stock and 3712 cents share on the
6 per cent preferred stock, the first
payment on either since last No
vember.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

III al d4A eIl-
a cted into
law
The Presi-
dent holds
an uIIUs u a l
a m cunt of
DO Wer over
the nations
financial and
business poll
cies this pow
er h a vim z
been given to
him by con-
greSs Conse-
quen " his
very word
and action is
y - ~ ~ - 49,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Stockholders Benefit s6,oOO,OOO
By Times Special

2
NEW YORK, June 29-H. NJ.
Warner president of Warner Broth
ers Pictures, Inc, in letter to
stockholders states that the COM
pany benefited to the extent of
about 100000 in the settlement of
the litigation between the firm and
the American Telephone and Tele-
graph Company and its subsidiaries.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

b. Tfaes Special
CHICAGO, June 29.-Total sales
of life insurance in the state Of
Illinois during May amounted 10
s4s. SOS 900. an increase Of p per
cent over May 1888 the Illinois
Chamber Of Commerce reports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Wall Street
Trade Agreements Have
important Bearing on
General Business.
BY RALPH HENpERSHoT-


UTALL Street anxiously awaited
w and has been waiting ever
since congress adjourned-for a
clear expression Of the administra-
tons policies by President Roose-
welt. II Is hopeful also that the
President will toss out the olive
branch to business now that re-
forms demanded earlier have been
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
CHICAGO FRUIT MARKET


CHICAGO June 29.-Apples- Michigan
spies, $1.75d2: Illinois transparents. S2m
275. Carrots California. $225M2 IS
crates. Cucumbers-Ho thouse. 9Oc0S1 rs
2 dozl Tomatoes-Texas lug box, S175
az. Sweet Potatoes-Tennessee 1.85
assoc. ID. cartons. Asparagus Illinois. soc
crate. Strawberries. Michigan 85c "a 81 40
Cl6 quarts; Wisconsin. $2G2.75. Peaches
Raspberries- Indiana. s2@275 "a pintsl'
Lettuce-California. S3d375 crate Beans
Southern green, 50cGS125 bushel on
ion Market (50-lb. ks)-Texas whites.
s., 50G 1.60; California yellows. s115M
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

Improvement IN business cOndl-
lions and the governments huge
spending program are believed the
most important factors in the in
crease.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
In the Cotton Markets
June rs
CHICAGO
NEW YORK
NEW ORLEANS
Retail Coal Prices

The following prices represent Quota
tious from Leading Indianapolis coal deal
ers A cash discount Of IS cents per ton
IS allowed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Norfolk & western Railroad Col

St. Louis & Southwestern Railroad Com
pany gross income in the first five months
SIS 7s4i76 in the first five months Of last
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
FEDERAL FARM LOAN BONDS
(By Blyth & Co.. Inc.)
June %
Home Loan
(Bv Abbott. Hoppin & CO..
luna 30

Federal Farm Mortgage Corporation
314s March Is. 1964-44 ....... 101.2 %
The two latter quotations are in thitry-
seconds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

American Home Products Company de-
clareS a monthly dividend of 20 cents a
common share. payable Aug. /, of record
July /.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

Warren Foundry and Pipe Company de-
clares a dividend Of so cents a common
share.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

Reading Railroad Company declares a
dividend Of 50 cents a share on the COM
mon stock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
DOLLAR REMAINS WEAK
Pound Equal to S5.O61s in United
states Currency at London.
By { nited Press

LONDON, June 29.-The dollar
was weaker today. The pound was
s5.061s. Gold fell 2 cents to s34.7712
fine ounce with the sterling price
1877 shillings five pence, down three
pence. Yesterdays price was fixed
with the pound at $685..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Money and Exchange
INDIANAPOLIS BANK CLEARINGs
FOREIGN EXCHANGE
By Abbott. Hoppin 81 Col
June "a
Treasury Statement
BY United Press

WASHINGTON. June 29-Government
expenses and receipts of the current fiscal
year 70 June %, compared with the CORE
spending period of the previous fiscal
year.
This year Last year
Expenses Sc. 969 957. 702 10 5.o63 911 2s5. 81
Receipts. 6.2l3. 231 So 81. 063 soc. 984 %
Deficit. 1881. 744 42112 S3005 204 337 81
Cash
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Rapid Recovery Shown

Including deposits of banks in one
another and nearly $1,000,000,000
in deposits of the United States
government, it was estimated today
that bank deposits have reached
SAC, 100000, compared with less
than $50 ,O0O,OOO,OO0 at the close of
the 1888 banking holiday.
The rapid recovery of the pub
lies bank deposits exclusive of de-
posits of banks in another, since
the March, 1888, banking holiday is
shown by the following official fig
ureS:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Bright Spots
Bv Abbott. Hoppin 8 Col

Pacific Lighting Corporation declares a
quarterly dividend Of IS cents a share on
the common stock. payable Aug. Is. OF
record July 20.
Norfolk & Western Railroad Company
car IOadings in the week ended June
% totaIed 2l.659 cars as compared with
I.6II in the preceding week and 22.1S9
cars in the corresponding 1888 week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Public Bank Deposits at
Highest Point in History
Cash Grain
INDIANAPOLIS

INDIANAPOLIS
June "a
The bids for car lots Of grain at the
call Of the Indianapolis Board Of Trade
York rate, we're:
Wheat-Strong: No. l red. s1iads21ac
No red. s0i2Gsl iac: No. hard. Sola@
G GBi. sS. Ne Ne y w4i5s f2gslf No
No. 3 yellow. 54isd55isc: No ? mixed
54ia a 55iac; No mixed. 5slsd54isc.
Oats-No 2 white 4lG42c, No. white,
40G41c.
Hay-Pirm r, Q: ,. country Points It's
LOUISVILLE. No. l timothy. sl3al350
Inspections
wheat-No,. red. 3 cars; No. red 2
cars; total. cars.
Corn--No; white. car; No. 3 white. 5
car; No 2 yellow cars; No yelloE. 5
cars: No. yellow. l car: No. yellow. !
car; total, % cars.
oats-No white. cars; total. cars.
Local Wagon Wheat
City grain elevators are paving 70 cents
for No. soft red wheat. Other grades
on their merits.
(By United Press
CHICAGO. June 2s.-Cash grain; Wheat
No. 2. red, 91i4 90: No. 4. red. 9o1ac;
No. /. hard 9394Gc; No. 2, hard. 9394c.
Corn-No. 3, mixed. 61l2c; No. 2, yellow,
62Q62l4c; No. 2. yellow lake. 6ol2G6o94c;
No. 3. yellow, 81 3c; No. 2. white lake
white, 5394c; sample grade white. 40 a
Al i4c. Rye-No sale. Barley-Quotable.
56349sc. Timothy. s925d9 so. Glover seed,
S10.24G14 Cash provisions-Lard, $3.50,
loose. $500: leaf Sc; bellies $3.50
ST. LOUIS. June 2s-Cash grain =
Wheat-In good demand. 2a3c higher on
red and :. @1c higher on hard No. /,
red. 91Q9112c; No. ?. red 90l2@92c, early
and closed at 91lac; No. 3. red. 9OQ91c;
No 4. red. 88I2Q89c; No. 2. red garlicky.
8412 09O1ac; No. 3. red garlicky. 84G86c
No. 4. red garlicky. 84Q85c; No 2, red
Smutty. Gle; No. 3, red smutty $50: No. 2,
hard 93Gc early and 94Ac nominal at
close; No: |. mixed gao: Corn.,,In good
G64lac; No g. yellow. 6212 063l2c: No 4,
yellow. 6314c: No. 8, white. 65lac. Oats
No Offering nominal. 2l4c higher: No. 2.
white, 48c nominal.
TOLEDO, O.. June 2s.-Grain close
Grain in elevators, transit billing ;
Whe a9t 2 red s2!a@sshe Gqrn1 y
@4913c. aRRye-No; ?. 70ia@ 713zc. TRACK
No. 3, yellow. 62G62iac; No 3. yellow.
81 G61l2c: No. 4. yellow. 60660l2c. Oats
No. 2, white. 45646l2c: No 3. white. Al
d46c. Toledo seed close) -Clover-Cash.
SIS; Alsike-Cash. $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Increase of 1000, 100000
Shown Since End of
February.
BY RICHARD L. GRIDLEY
United Press STAFF Correspondent

WASHINGTON, June ga l.
900 900, 900 increase in the publics
bank deposits since the end of Feb
ruary was claimed today by gov
eminent bank authorities.
This four-month gain was believed
to have been one of the largest in
American banking history. 1t does
not include a sharp rise in govern
ment deposits or deposits of banks
in one another which may bring the
gain in total bank deposits in this
period to nearly $4,000, 000,0
In other words, the $1,000, 000, 900
gain in the public's deposits reflects
real" accumulated savings of
American individuals and corpora
tionS.
Bank Call" Expected.
Official figures on the huge gain
will not be available for several
months when federal and state Of
flcials compile figures from the end
Of June calls for condition state
ments.
1t was regarded as virtually GER
tain today that comptroller of cur
rency j. F. T. O'Connor would is
sue call for the condition of
the country's national banks be-
fore the end of this week. For the
past twenty years the treasury in
each year has called for the condi-
ton of national banks at the end
Of June.
The March bank call" was re-
sumed three months ago in an eff
fort to publicize improved banking
conditions. 1t showed that banks
were regaining hundreds of millions
of lost deposits. Even better show
ings are expected in this weeks call
for condition.
The gain in real" deposits since
March in the country's $500 oper-
ating banks was believed today to
have brought the country's savings
backlog in deposits to around the
$4,000 100000 mark, or 1920 for
every man, woman and child in the
country.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Daily Price Index
Average. 100

IBY United PreSsI
NEW YORK. Tuna 26.-Dun g. Brad
streets daily weighted price index of
.hirtv commodities complied for the United
Press.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

utmost attention in the hope that
they viii provide some clew as to
his leanings.
GONE months ago the big issue
- seemed to be to get commodity
prices back to 1926 levels. This has
not been accomplished, and of late
little has been said about it, Wall
Street is wondering whether the
idea has been abandoned or further
initiation viii be ordered in an at
tempt to carry out the original in
tent.
The Presidents international
trade plans also are eagerly await
ed. The raising or lowering Of
tariffs and other trade agreements
always has an important bearing
on general business. II is quite diff
ficult for many companies to lay
plans for the future or to make
credit arrangements so long as such
questions remain unanswered.
TN all probability the Presidents
Il plans Will be made known before
the fall elections roll around. In fact
this would seem quite necessary.
Whether the Chief Executive wishes
TO get mixed up in local politics or
not the public will be voting on the
New Deal to a very large extent
when it casts its ballots for con-
gressmen. And those who are run
ming for office will be put in an
embarrassing position if they are
unable to tell their constituents
what l. is all about
Some silver advocates have be-
come dissatisfied with the way the
treasury department has been car
rying out the dictates of congress
regarding the white metal The
point is made that silver for July
delivery is selling nearly 100 points
lower here than IN London. indicat-
ing, 1t is claimed that buying is not
going ahead here. as was promised.
In fact, charges have been made
that the government has been sell
ing some of its silver.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

PARIS, June 29.-The dollar was
weaker today with the franc at
ISIS to the dollar (6.6o1 cents a
france.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1934-04-10
Park City Bank Plan
Help To Depositors
Reorganization Steps, RumOred Considered for AdOp-
ton Here, Calls for Mortgage Corporation

DepositorB weuId receive IS per
cent OF their deposits at once un.
der the reorganization plan of the
West Side Bank In Bridgeport cer-
tain parts of which are reported TO
be considered for adoption by the
committee working toward reor-
ganization of the Merchants Trust
Company. according to q copy OF
The Bridgeport plan which reached
the Democrat today.
The Bridgeport plan calls for the
organization of q mortgage corpor-
alton which would take over the
non-liquid assets OF the closed
bank such as first mortgages and
pledge them with the Reconstruc-
ton Finance Corporation for q
cash loan. This cash would be
utilized toward paying depositors
SIS per cent of their deposits.
Issue Certificates
The mortgage corporation then
would issue participating certiff-
Gates in series beginning with saw
ings depositors. first, commercial
.deposltors. second, and former
stockholders. third.
I. As the mortgage corporation
1iquidated the remaining non-liquid
Assets, the participating certificates
would be paid. That Is, the Series
a, or savings depositors would be
paid first; Series b. or CONNER
cial depositors, second: and former
stockholders, or Series C, third.
The committee that secured per-