davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
British Steady Buyers
of American Securities
Purchases Exceed Sales by
42.6 Per Cent During
Previous Year.

BIZ ines SDectdi
NEW YORK, April 2l.-Due to
the large interest displayed in the
attitude of foreign investors toward
American securities, study of
sales and purchases has been made
by Fenner & Beane, international
brokerage firm, of their offices in
London and Paris.
The survey shows that operations
of French investors and traders are
on a more active scale than those
of the British, with the exception
of brief selling period during and
shortly after the bank holiday of
March, 1888. The British have been
steady purchasers on balance of
American securities since the be-
ginning of last year, with purchases
being exceptionally heavy during
the first quarter Of 1884.
French investors also have been
accommodating American securities on
a substantial scale during the first
quarter Of this year, but the records
show that in 1888 France sold a
small amount of stocks on balance.
The detailed figures show that
during the full year of 1888, pur-
chasers of American securities by
British investors exceeded, sales by
42.6 per cent, while buying by the
British for the first quarter of 1884,
was stepped up considerably. ex-
ceeding sales by 1861 per cent.
French investors during 1888 sold
ST. per cent more American securi-
ties than they purchased, but in the
first quarter of 1884 their purchases
exceeded sales by 1926 per cent.
In January and February of 1888.
both England and France pur-
chased American securities on bal
ance. In March of last year, how
ever, France sold rather heavily in
comparison with total volume, but
from April to mid-July they were
again accommodating stocks.
England, on the other hand, sold
on balance in March, April and
May of 1888, but the amount sold
was negligible compared with pur-
chases. Calculations presented by
the study are based upon the actual
number of shares of stock bought
and sold and not on the dollar
valuation of securities traded.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
SWINE VALUES
UNEVEN; CATTLE
|. PRICES STEADY
Pork Market Unchanged to
10 Cents Higher; Veal
Sales Weak.

Porker values ended the week S
trading around 10 cents higher than
yesterdays average at the Union
Stockyards this morning, With ex-
ception of underweights remaining
steady, practically all grades par
ticipated in the initial advance.
Bulk of 100 to 300 pounds was
selling at S4.05 to s4.10, while
lighter weights from 100 to 100
pounds, brought $315 to 1855.
Small slaughter grades, scaling 100
to 100 pounds, were salable at 1925
to 49, Receipts were estimated at
1000; holdovers, lat.
Only little action was displayed
in the cattle market, with most
classes scarce and unchanged. Re-
ceipts numbered So Vealers con-
tinued weak, selling mostly so cents
lower than the previous session at
$3.50 down. Receipts were 100.
Trading in the lamb market was
slow and stationary. Early bulk of
good shorn western classes sold at
$3.50. Receipts were 400.
Hog market at Chicago continues
steady with yesterdays average. mi
tial trading was scarce. Early top
held at 81. Receipts were estimated
at 1880, including 1000 directs;
holdovers, 1000. Cattle receipts
were 100; calves, 400; market around
Is cents higher. Sheep receipts
numbered 1900; market sharply
higher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
FUTURES CAIN
IN MODERATE
BUYING WAVE
Heavy Commission House
Demand Carries All
Months Upward.
BY HARTMAN W. NICHOLS
United Press Staff Corresnond,nt

CHICAGO. April 21.-A moderate
wave of local and commission house
buying carried wheat prices to a
higher average on the Board Of
Trade today, after a slump of
around 9 cents bushel from last
weeks close, had been recorded
earlier in the week.
At the extreme wheat was around
IL cents over yesterdays finish
while corn sold nearly a cent higher.
Operators believed the market was
in a strong condition after the bar
rage of selling which persisted
throughout the week.
Somewhat less talk was heard re-
garding initiation during the dav as
the result of a setback in sterling
exchange which more than tenn
pered the effect of the advance in
francs. Announcement that ex-
ports Of gold might be permitted
also tended to check imitation COM
ment.
Dry weather again was reported
over the greater part of the wheat
belt with dust storms indicated in
messages from points in North
Dakota.
Corn and oats showed a firm I'M
dertone the greater part of the dav
although profit taking put in an
appearance on the advance.
Provisions were rather quiet.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Other Livestock
by United Press

CHICAGO April. 2I.--Hogs - Receipts
II 500, including 1000 directs marke.
nGmn9ly st. Stteao{ practical top ouotaPe
mated holdover, 1000. Cattle = Receipts
100; calves. 400; compared Friday last week
at CSC to soc higher. closed strong to 25c
to 25c. beneath low time but price levels
pounds; top 1900 lbs. averages. $815;
numerous loads S7,75@8.o0; best yearlings
$3.50 all light cattle under pressure; bet
high of month ago; all heifers and cows
about steady; best yearling heifers. $3.50:
demand broadest for practically all killing
classes. Sheep-ReceiptS. 1000: for week
ended Yesterday. 43 doubles from feeding
last week wooled lambs 4Oc to SOC higher:
clipped offerings 40c to COO higher; ages
sheep strong to Csc higher: weeks prac-
bulk. S9.60m9.75; clipped offers S7,75@
sborn lambs: s3@s.75; few native spring
E EamRs' ST. Sl0-2'" 1885, weeks TOD THESE
LAFAYETTE. Ind, April Hogs-Mar-
ket, Sc to 1Oc higher; 200 to 25o pounds.
poS2d 2'G s0G 7o tn Zoo 8ound
100 to i7O pounds, $s7O; $50 to 100 pounds.
s3:4o:, 14o to $50 pounds. sails: 1870 to 40
265;, roughs. So down; top calves, $3.50;
top lambs. So.
FIT. WAYNE. April 21.-Hogs- Steady to
zoe hi higher: ESQ to goo pounds S4.O5; 200
$50 6S IN s295 $50 t9 200 soo 0
pounds. 365 $50 to is0 pounds. $3.50;
140 TO $50 pounds. 1925; 1870 to 140 pounds,
50: 100 TO 1870 pounds. $3.50 100 to l2o
pounds, .$2l5; ,roughs, s2.75. Calves $3.50;
lambs. 1925 down.
CINCINNATI, April 1.-Hogs-Receipts.
LOO; 433 direct and through holdover,
315 market, steady; top and bulk better
10000 lbs. $40; l30-t60 lbs, S3d3.75;
good packing sows $2.50@2.75. Cattle
Receipts 900. CalveS-ReceiptS, $50. Sheep
Receipts, so.
(By Times SpeciaD
LOUISVILLE. April 1-Cattle-Receipts,
%; market nominal; compared with week
ago. sausage bulls steady. other slaughter
classes unevenly $50 soc OF. more higher;
Reers 0k b e n nsb sder Inds
s5.50M6.25; weeks top, $685. for 718-lb.
steers and heifers; closing range beef cows
mostly 1904; handyweight heifer types to
COWS, si:50@2.50; sausage, bulls mostly
S3.251G 3.75 common to medium grade ma
tives stockers and feeders, s364: well bred
light Herefords mostly S4.75@ 5.25 Calves
ter .vealers,. s5@5.5O; strictly choice, Sc;
medium and lower grades 81 down; mar
ket closing mostly soc higher than last
Saturday. Hogs-Receipts, 425; market not
for desirable 170-240-lb weights: few sales
these weights. sc higher at S3.95; market
closing around 15c lower for week. with
lights and pigs steady to, l0c higher Sheep
generally steady for week: fat ewes un-
evenly 5ocGsl higher; bulk better spring
lambs. Sl0M so; few choice kinds around
to 50 and less: medium to. good wooded
lambs. s7dS: bulk fat wooded ewes. S3d4:
clipped kinds at 81 or more discount.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
NEW REFUNDING PLAN
FOR BONDS APPROVED
Readjustment of S180O00,OOO Debt
Provided by Committee.
By Times Special


CHICAGO, April 21-The refund
ing plan for bonds and notes of the
city of Detroit, providing for the re-
adjustment of $280,000,000 of the
city'S debt, has been declared oper-
ative by the bOndholderS refunding
committee, it was announced today
by B. A. Tompklns, of Bankers Trust
Company, New York, chairman of
the committee.
More than 9212 per cent. of the
bonds and notes affected, aggregat-
ing over $259,O0O,000 principal
amount, have been deposited or
pledged with the committee in as
sent to the refunding plan.
In addition, the holders of a sub
stantial amount Of the remaining
undeposited bonds have indicated
their intention to deposit their
holdings with the committee in ex-
change for refunding bonds.
1t is expected that the new re-
funding bonds will be ready in about
ninety days in exchange for certi-
ficates Of deposit.
The success of the refunding
operations, evidenced by the action
of the committee in declaring the
plan operative, brings to competition
the largest undertaking of it's kind
ever carried out in the United
States.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Study Might Bring Results

IF a group of sound and practical
Il thinkers with open minds, a
knowledge of banking and a keen
conception of public needs could be
thrown together for a year or so
without interference, there is reason
to hope that they might bring forth
some new ideas and some practical
suggestions on those subjects. AT
least if they failed the general pub
lie could feel that an attempt had
been made in its behalf.
There would appear to be no poin,
in our colleges taking up the time
of their scholars ifthey are to be
satisfied with filling their minds
with doctrines. against which a
question mark may we'll be raised.
if they have reason to believe these
scholars will sit back against their
Sheepskins and feel the job is fin
iShed Now that Columbia univer-
sity has made its big discovery it
might we'll be asked what it proposes
to do about il.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Produce Markets

Delivered in Indianapolis Prices-Hens
nc: Leghosrn hens, &C., Leghorn spring s.
ducks full feathered and fat Az lbs. anc
lbs, soc: old guineas, zoe. No; strictly
full case must weigh 5 lbs gross: de,
duction of 10c a opund for each pound
under S. lbs. will be made. Butter-No /
Quoted BY Wadley.
tBy United Press
CHICAGO, April 21.-Eggs Market
1624c fresh graded f1rsts. 16Ac: current
ButtereMarket seaady; receipts, 7I65 tubs 9bs
frsts $685. score. 21I<@2iiac: seconds
s sSs 6 eoFs 1885, esFas 5tan sf9Fd
22Ac. Poultry-Market steady; receipts. !
car, trucks heavy hens 14l4c; old roostt-
FAC; leghorns. 14l2c old ducks, ia LAC.
Cheese-Twins, 1134m 12c; longhorns, 12A
@121ac; daisies. l2Aq !ac. Potatoes -,
trading slow; market steady; Idaho rus
cars. $1.45: Colorado McClures, 2 cars,
s152l2: Nebraska triumphs, partly graded,
l car. 81 10: Minnesota and North Dako-
ia early Ohio's.. l car. 81 10; car, l.l5;
CEItllIGQ SG6Qs Gar. S4OO. 1 Cal, 9l.oO.
New Stock-Supply moderate: demand and
trading light; market steady: sales to job
bers. sacks per hundredweight. Texas bliss
triumphs, SO. Shipments, TIA; arrivals,
8; on track. 1854.
NEW YORK, April 21.-Potatoes- Steady:
Long Island sI5O03.25 barrel: southern.
SO. 5Oq so barrel; Maine, s110G3.5O bar
rel; Idaho. s2.10M2.2 sack: Bermuda. s40
$50 barrel Canada. s1.95m2 barrel. Sweet
potatoes-Dull; Jersey, basket, 50cG sl.75;
southern. basket, 60c@s1.60 Flour
Steady: springs: patents. s6.05M n 80 bar
rel. Pork-Firm: mess. S20G25 barrel.
Lard-Firm; middle west spot. s4.45Q 4.55
100 lbs. Dressed poultry-Firm; tur-
keys 16Q2512c; chickens. 1870 28c: broil-
ers. 20d 28c: capons. goa 32c: fowls. $50
zoe; Long Island ducks. 156 Ice. Live poul-
try-Quiet geese. SAFE: turkeys. Il n zoe
ROSTERS. &c: ducks. pa 12c: fowls. l5N l8c;
chickens. ga broilers. 12N 24c. Cheese
Quiet: state whole milk fancy to spe-
Gals 156 l9c; young America, fresh, l3c.
CLEVELAND. April -Butter-Market.
steady: extra. 26c; standards, Csc Eggs
Market. steady. extra white, 15c: cur
rent receipts. l4l2c. PoUltry-Market.
barely steady; colored fowl. Az lbs. and
up tic: colored fowl medium. Ice; Leg
horn fowl 3i2 lbs. and UP, l5c; LeghOrn
fowl l3c; broilers. colored. Csc; old roost-
ers. 10c: ducks, white, 5i2 lbs. and up,
zoe: ducks light. old. lie; geese ordinary,
12c: broilers fancy rock 27c; broilers Leg
horn 23c. Potatoes-Maine. mostly s225
a i00-lb. sack: Idaho, mostly s1.8502;
New York and Ohio sl75d1.85
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Bright Spots
: (By Abbott. Hoppin & CO..

10y AOuOtb. hOppiu q CO.1
Continental Can Company in twelve
months ended March 81 earned S453 a
common share against s284 a share in
the previous twelve months.
Corn Products Refining e. Co. and
subsidiaries in the first quarter of the
current year earned - cents share on
the common stock against 6S cents a
share in the first quarter Of 1898.
Hudson Bay Mining Company in 1888
earned 81 cents a share on the common
stock against net loss o. s298,955 in
1882.
National Power and Light Company de-
clares the regular quarterly dividend of
20 cents share on the common stock
ter OF the current year earned 81 03 a
common share against net loss Of S125,-
547 in the like 1888 quarter.
Chicago Yellow Cab Company declares
the regular quarterly dividend of p
cents share on the common stock.
Anaconda Copper and Mining Company
and subsidiaries in 1888 had e net loss of
S6:82l 1853 after all charges against Sl6.-
93O,O9S in the previous year.
Chile Copper and Mining Company and
subsidiaries in 1888 had a net loss of
$3.50 ESQ after charges against s2,705,098
in 1882.
Greene Cananea Copper and Mining
Company in 1888 had A net profit Of
S61217S after all charges against a net
loss of S66,97S in 1882.
Brokers' loans in the week ended April
10 decreased So. 600, 900; Non brokers loans
were off $4,000, 000
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
On Commission Row
April 81
Fruits

ApElA IL
Fruits
Aprles-New York Baldwins. fancy. 81 SIS
up fancy Staymans S225; fancy Wine
Oranges California sunkist, s3.25a425:
FlOTiCas. S375W4
Lemons-Sunkist. $3.50.
Gre pefruit-Arlzona SeedleSs 64S-70s. SO
N25 Florida, S35Od4
Strawberries - Louisiana. 24-pt crate.
S275. Alabama. 24-qt. crate. S..
MelOns-ArGentina Honevdews. S225.
Pears-Calavos. $3.50 per box.
Bananas-Per pound. cents.
Vegetable
Cabbage- New Texas. $l35 per half
crate: Florida red, SO per hamper.
elery-Florida, SO a crate: mammoth
eunca, soc; medium bunch, 45c' hearts.
Onions = Indiana yellow. 5O-lb bag.
81 8. red. 81 Is: Idaho. spanish S1.35.
Potatoes Northern round white lOO-lb
bag. SiS5; Red River OhioS. 81 90; Maine
Green Mountain S2.25; Colorado McClures.
S2lO- Idaho RuSSetS So Wyoming Tri-
umpAs, 5o-lb. bag, 81; New Texas Tri-
SWeet Potatoes-Indiana Jerseys, per
buShel. 50; Porto RicanS. Sl90.
Sparagus-Caliiornia select, crate, $36
Beans-Round stringleSs. So: lima. $3.50.
Beets-New Texas. 3-dozen crate 50:
bulk per buShel $3.50.
Carrots California 6-dozen crate 81 rs:
bulk new. 81 40. bulk old. Sis.
CauNfiower-C California. 50 50.
CucumberS- Hot house, per dozen, 81 10.
Lettuce-Hot house. l5-lb. basket. 81 so;
I'fsers sssi s. b sGgt7' g STate.
Radishes-HOt house buttons, 60c a
dozen.
California. 2O-lb box. SIS.
Sp.nach-New Texas 75o per bushel
Tomatoes RepacSed. lob. carton.
81 30 selected cellophane wrapped. 81 IS:
original Mexican. S0-lb. lug, So so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
A. T. & T. EXECUTIVES
SALARIES DEFENDED
Directors Make Formal Statement
Against Reduction.


By Times Special
NEW YORK, April 21.-Scale of
salaries paid to executives of the
American Telephone and Telegraph
Company we're emphatically de-
Tended by the board of directors of
the company in formal statement
at the annual meeting of stockhold-
ers this week.
The statement came after stock
holder had sought to force action on
a resolution calling for reduction of
salaries of all executives including
that Of Walter S. Clifford, president
Mr.. Clifford pointed out that of a
total Of $50 900 stockholders only
nine by letter, and thirty-one by
notations on proxies had raised the
question of officers salaries. Such
protests, Mr.. Clifford said, had been
referred to the board Of directors, to
which the statement was response.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
NET PROFIT INCREASES
Budd Wheel First Quarter Income
S59,177.34; Shipments Rise.

ny iWCS NDfcfdk
NEW YORK, April 21.-The Budd
Wheel Company announces for the
first quarter of 1884 a net profit.
after deducting all charges, includ-
ing depreciation, interest and fed
eral, income and other taxes. OF
$50, l77.34. This compares with a
loss Of $303,119.07 for the first quar-
ter of the previous year.
Shipments for the month of April
are running 80 per cent in excess of
the average shipments for the first
quarter of this year and current
operations are on a profitable basis.
Earnings as above reported for
the first quarter of this year are
more than sufficient to meet the
preferred stock dividend require
ments for the entire year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21

Chile Copper and Mining Company and
subsidiaries in 1888 had net loss OF
1889 $50 after charges against S2,705 ,096
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
CRUCIBLE STEEL FAILS
IN DIVIDEND PAYMENTS
Company Operating at so Per Cent.
of Capacity; Wages Increased.
By Times Special

OPOANSAAA pAs Nv u e NNhSs
of Capacity; Wages Increased.
By Times Special
NEW YORK, April 21.--H. S. Will
kinson, chairman of the board of
directors of the Crucible Steel Com
pany announced at the annual
meeting of stockholders this week
that it would be one year before
dividends on the preferred stock
could be paid, and two years before
the company could pay common
stock dividends.
No payment on the preferred
stock has been made since the first
quarter of 1882, and at the end of
1888 accumulationS amounted to
$12.25 a share.
The company, according to Mr..
Wilkinson, is gradually restoring
employees to full time, and recently
gave a 10 per cent. increase in
wages. Operations at the company's
plant at present are about so per
cent. of capacity.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
NEW BANK ORGANIZED
Dubuque, Iowa Institution Will Have
100000 Capital.
By Times Special

DUBUQUE, Ia, April 21.-An-
nouncement Of the organization Of
a new state bank to be known as the
Dubuque State bank, was made here
this week by group of business
men formerly connected with Du-
buqLe banks.
The new bank will have capital
OF 100000 and a surplus of SIS, 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21

=
limiting tech
nical efficiency.
Much truth is
contained in the
c 0 m m is sion's
statement t h a t
truly it is not
a physical OBJ
stacle. not the
niggardliness' Of
nature, nor yet
the lack OF IN
ventive capacity
or Of industry on
the part of man,
which stands in
the way Of a
m u c h higher
and mucb less
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Cash Grain
Local Wagon Wheat
by United PreSS)
April IL

Local Wagon Wheat
City grain elevators are paying 65 cents
for No, soft red wheat. Utner grades
on their merits.
(By United Pressl
CHICAGO. April 1-Wheat-None. Corn
No. 2. yellow. 48i2c: No. yellow old,
464c; No. 3 yellow, 49d48I2c. Oats-No
2 white, 81 &c for 33l2 lbs; No. white.
3012c; No. white. 1884 q soc Rye-None
Barley-62 a Use; quotabie, 40a soc. Timothy
So .25d6 $50. Clover Seed-S1lMl12
Cash Provisions: Lard-S6; loose, So; leaf,
Sc; S. bellies, $7.87.
TOLEDO. April 21.-Grain close: Grain
in elevators. transit billing: wheat
No. 2 red. 8OGslc. Corn-No. 2 yellow,
81 124 5212c. Oats-No. white 3412ei
IS &c. Rye-No. 2. SEA 6Oc. Track prices
2812c rate) Wheat-No. l red, 760 isle:
No. 2 red. 75@ 76c Corn-No. 2 yellow.
47@ 48c; No yellow. asa 47c; No. yellow
45@46c. Oats-No. white. .31@33c: No
white, 30l2 n 32l2c. Seed close, Glover
Cash, S8.25. Alsike-Cash, $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
SALES GAIN REPORTED
Nadsco Corporation First Quarter
Profit Is SS96.69.

The Vadsco Sales Corporation to-
day reported a net profit of S39669
for the first quarter of 1884 as COM
pared to net loss OF S76.3S1.94 for
the same period of 1888.
II was also announced that net
sales increased 80 per cent in the
first quarter over the correspond
ing period Of last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21

precarious standard of living than
any people has yet enjoyed
Unfortunately the commission
does not point the way to an i'm
provement. In fact, it does not even
attempt to account for the apparent
laxness of the economists. 1t makes
the charge on the basis of a survey
it has just completed and'lets it 90
at that. We probably have had too
much Of that type of criticism in re-
cent years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
CHICAGO PRIMARY RECEIPTS

April I'll
usHcJ,oTr
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
N. Y. Coffee, Sugar Futures
COFFEE
High. Low. Close
In the Air

Weather conditions at 9 a. m:
North wind, miles an hour;
temperature, Al; barometric pres
sure, 2999 at sea level; general con-
ditions, scattered clouds, smoky;
ceiling, unlimited; visibility, five
miles.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
CHICAGO FRUIT MARKET
BY United Press

CHICAGO April 2I-Apples- Michigan
Baldwins, 81 so bu. CarrotS-ulinoiS 50M
55c bu. Spnach-Texas. .50Nl bu.
Beans - Southern green. $40 so: wax.
81 50sg3 CucumberS-Central western hot
house 81 Fps - doZl Tomatoes -
Florida 81. IS as lug box. Sweet Potatoes
Tennessee Sl.650l75. Mushrooms nli-
noiS 20W23i &C Asparagus - California
S250N4 Leaf Lettuce-Illinois dollhouse.
50 75c 10 ID. Onion Market 10 ID.
sacks Western ValenciaS slG1.3S: Mich
icsn vellows 90c Texas veuowS. S1Gl.25:
Texas whites, 81 so 60
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Bank Clearinrs increase.


NEW YORK, April 21.-Total bank
clearlngs in the United States last
week amounted to S599l.l3l 900. the
largest since January, 1882. accord
ing to Dun & Bradstreet. Total
clesrings in the same week last year
were So. 289. 23a, 600.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
STOCK SALE APPROVED
RFC to Buy S15O,OOO of National
Trust Company Securities.
By Times Special

BIZ Times Special
CHICAGO, April 21-Approval of
the sale of S75O0OO of 5 per cent re-
tirable cumulative preferred stock
to the Reconstruction Finance Cor
poration was made this week by
stockholders of the American Nat
ional Bank and Trust Company.
The additional capital added to
the present $1.OOO,OOO capital of the
bank will make possible a greater
development of the banks business,
directors believe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21

MILWAUKEE. Wis. April Iii
disclaimers Manufacturing Com
pany has put into effect a 10 per
cent increase in wages, affecting
moe than 4000 employees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
Wall Street
Economists Responsible
for Business Slump,
Says Survey.
by RALPH HENDERSON, :
Time, SPECIAL Financial Writer

7 ECONOMISTS must shoulder
II much Of the blame for I'M
favorable business conditions in this
and other countries, in the opinion
OF the Columbia university commits
sion on economic reconstruction.
Engineers and executives alike, says
the commission, find that economic
factors directly and indirectly play
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-04-21
In the Cotton Markets
NEW ORLEANS
Beet Sugar Prices Lowered.

NEW YORK, April 21.-Reduction
Of the price of beet sugar 20 points
to 4.1C cents a pound in the terri
tory west of Chicago was made
known here this week by the Great
Wester1 Sugar Company.