davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
SWINE MARKET
ENDS WEEK 10
CENTS LOWER
Cattle, Lambs Scarce and
Steady; VeaIS Show
Little Change.

Porker prices ended the weeks
trading around 10 cents lower than
yesterdays average at the local
stockyards this morning. Despite the
light run of receipts practically all
grades participated in the initial de-
cline.
Bulk of all weights was selling
at S415 to $40, while a few good
and choice kinds were reported sold
at s445. Smaller classes, 100 to $50
pounds, brought 1925 to $3.75. Light
slaughter pigs weighing 100 to 100
pounds, sold at 50 to So. Receipts
were estimated at 1000; holdovers,
522.
All cattle prices continued station
airy with hardly enough stock on
hand to establish a trading range.
Most grades remained inactive. Re-
ceipts numbered 100. Only slight
change was evident in the veal mar
ket, with good and choice kinds
salable at $3.50 to ST. Receipts were
200.
With hardly enough stock on
hand to determine a price range,
lamb values held fully steady at the
previous session. Clipper lambs sold
around So, while wooded grades
ranged from SO to 1925. Receipts
were so.
Porker prices at Chicago held
mostly unchanged at the previous
session. Initial sales on heavy
weights and plain light kinds ranged
at $4.15 down. Receipts we're esti-
mated at 5000, including 1000 di-
reefs; holdovers, 1000. Cattle re-
ceipts numbered 100; calves, 200;
market mostly Is to Is cents higher.
Sheep receipts we're 1000; market
unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
Market Acts Unusually Well

MYTH President Roosevelt de-
w handing a stock market reg
uiation measure with teeth in it,
and brokers and bankers predicting
all sorts of dire happenings if he
gets it, the Importance of the stock
markets action of late lies III the
fact that prices have held up so
well. Wholesale offerings of shares
at this time probably would bring
about very sharp declines in prices,
for it is rather obvious that the pub
lies buying power is still much less
than normal. But instead of fall
ing headlong on the bad news TIE
market of late has merely turned
dull, and while prices have tended
downward somewhat, no important
disturbance has been created.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
SHARP RALLY
SENDS WHEAT
PRICES HIGHER
Grain Exchange Code Has
Only Small Effect on
Speculation.
BY HARTMAN w. NICHOLS
United Press stan Corresnnndsn,

CHICAGO, March 3l.-Provisions
Of the grain exchange code. which
went into effect today, made no
noticeable difference in speculation
on the Board of Trade.
Wheat and corn closed & % g.,
cent higher, and oats were un-
changed to Is cent lower.
Leading commission houses
claimed they could see no difference
and it was pointed out that the
margin requirements under the code
differ little, if any, from what had
been asked by commission men for
some time past.
Scattered liquidation appeared in
corn and oats early with the Nav
deliveries of both grains slipping TO
new lows on the current downturn
May corn touched 4712 cents and
equaled the low of Dec. q. while
May oats at BIS were in new ground
since Oct. 20. Wheat largely resisted
the pressure.
A sharp rally followed the decline
in sympathy with stocks and on in
oeflnite New York reports that
President Roosevelt might have an
important announcement to make
when he returns from Florida.
There were no intimations as to
what the alleged statement might
be, but it attracted more or less at
tention from the trade here and in
the east.
Scattered rains and SHOWS were
reported from sections of both the
winter and spring wheat belts, but
the item had no effect as a market
factor.
Provisions started steady and held
within narrow limits most of the
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
BY ELMER G. WALLER
U-iiel Press Financial Editor

NEW YORK, March 31.-Prices
rose fractions to more than points
in a majority of issues on the Stock
Exchange in today's short session.
Utilities alone we're depressed, re-
acting to prospect of broad inves-
tigation by the New York state leg
isl2ture.
Dealings were moderately active
in few issues, notably Sperry Cor
pcration which opened on a block of
10000 shares. The issue made
new high for the year and several
other aviation issues were strong.
Aviation Corporation rose a point.
A call for air mail bids aided the
group.
Metal issues continued to rise on
anticipation Of a higher gold price,
and favorable silver legislation.
United States Smelling rose more
than points in the silver division,
while fractional advances were regis
tered in the gold group in which
Noranda featured with an advance
to a new 1884 high.
Steel Products Rise
Just before the close, the Ameri-
can Iron and Steel Institute an
nounced price advances of So to 81
a ton in several steel products and
steel issues Immediately responded
with substantial advances. United
States Steel was bid up more than
a point, while Bethlehem advanced
more than 3 points. Steel opera
tionS in the Youngstown district
were advanced point to SIS per cent
on the average, and a gain for the
country was looked for early next
week.
The whole market became active
in the last few minutes of trading
on the steel price advance. Leading
industrial issues responded with
sharp advances. Mining issues ex-
tended gains to more than 4 points.
Oils were active and strong and so
were chemicals. Automobile stocks
Joined the rise. Packing issues were
higher and so were the mercantile
issues.
Commodity markets generally
were closed in observance of the
weekend Easter holiday, but bust
ness was done as usual on the Chi
cago Board of Trade where prices
were down fractionally. The dollar
was steady in foreign exchange
dealings. Bonds were irregularly
higher
Retail Trade Increases
Retail trade was reported sub
stantially higher. Dun & Bradstreet
said: The spring upturn gives no
indication of reaching it's peak until
the latter part of May and might be
extended we'll into June providing
sufficient buoyancy to keep the mid
summer recession from easing to its
usual seasonal position"
A slightly more optimistic trend
was noted among the traders. Some
of them revised notions on the stock
market bill, holding that indica-
lions were the more Objectionable
parts of the measure would be modi-
fed before passage.
Stock sales today approximated
$4,000 shares against 100000 shares
last Saturday Curb sales were 1885,
900 shares against ICE, 900 shares last
Saturday.
Dow-Jones preliminary closing av-
erages showed industrial, 01.85, up
1.54, railroad 1872, up O.61, utility,
1904, off OILS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31

To carry out this policy the secre-
tary of agriculture, within very wide
limits, can leg;Slate, can levy taxes.
can pay subsidies.
THE national industrial re-
L covery act is an even broader
delegation of power. Here there is
not, as in the agricultural act, a
definite statement of the policy of
congress and of its detectives. The
purpose is so broadly stated that
the executive really has virtually
the whole discretion. To him has
been delegated the power to make
federal laws governing all inter
state commerce, and interstate
commerce is regarded as virtually
all commerce.
In fact, however, the power has
not been delegated to the Presi-
dent only; he in his turn, delegates
it to the code authorities or trade
associations of various industries.
Thus, the Steel companies have
been vested with the power to make
laws for a system of price-fiXing
which are enforceable in the federal
courts, just as if they had been
passed by congress and signed by
the President.
The powers under agricultural
adjustment administration expire
when a definite objective is at
tanned. The powers under NRA eX-
pire in about eighteen months
whether the objective is attained or
not Within three limits the two
acts delegate immense legislative
power.
It would be difficult to reconcile
a permanent delegation of such
powers with the principle of rcp-
resentative government. Only the
existence of an emergency, requir-
ing the suspension of the normal
procedure, can justify the. transfer
to the executive of such powers to
determine fundamental policy in
the economic life of the country.
The executive should not per-
manently have the right to levy
taxes or to determine how far
competition should be Supplanted
by monopoly. But in saying this,
it must be recognized that in so far
as the government intends to
regulate production and trade, a
considerable delegation of power by
congress to the executive is newt
| able and necessary.
Il
r ONG before anybody had heard
- Of the present crop of Euro
pean dictators, it had become the
practice of modern parliamen5s to
write skeleton laws and let the eX-
ecutives, as Sir Josiah Stamp has
put it, supply any sort of flesh
that they may think suitable" In
Great Britain, for example, these
executive laws are known as Statu-
tory rules and orders In 1890
there were 168 of them issued. BY
1913 there were IA. The practice
of delegate legislation has increased
steadily.
In the nature of things, the more
complicated the business which the
legislature seeks to regulate, the
more it must delegate its legisla-
tive powers to the executive or to
commissioners. The problem is how
to delegate enough power to make
the law workable, and not to dele
gate the power to make great
decisions of policy and principle.
Clearly, under the NRA, the
power to make decisions of policy
and principle has been delegated in
an extreme form, and when the time
comes, next winter, to decide how
much of NRA is to be retained,
congress will have no greater task
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31

Insofar as they involve expenditures they are in
application of the principle of the executive
budget This principle has been established for 200
years in Great Britain. 1t has been recognized as
sound principle at least for states and municipalities
for many years in America. Everyone who objects to
the pork barrel and the pension scandals has long
known that the only fundamental remedy is to give
the executive the initiative in proposing expenditure
retaining for the legislature its historic power grant
refuse, reduce the funds which the executive asks
In the monetary measures there may be some
question as to whether the power to manage money
should be vested in the executive in independent
agency. The best opinion, believe would be that it
should be put permannty under independent agency
But there be question that itself could
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
Wall Street
Steel Concerns Expected
to Raise Wage of
Workers.
by RALPH HENDERSON,
Linz. SneciaI Financial Writer

ID EPORTS in the steel trade say
IN that all Of the more important
companies in the industry shortly
will follow the lead of the Corrigan-
Mckinney Steel Company of Cleve-
land, and raise wages. Most people
who are familiar with steel condi-
tons are likely to regard an in
crease at this time as a decidedly
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31

cOura geOuS Slcp
and one which
marks an in1por-
tant change in
policy from that
which existed in
the c. era.
It is one thing
for the automo-
bile companies
to step up the
pay of their
works, but quite
another hin g
for the steel con-
Germs to follow
suit. Most of the
former are en-
joying a modest
degree of pros
perity, but the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
METALS AVIATION ISSUES RISE IN ACTUAL TRADING
Today and Tomorrow
Power to Manage Money Should Be Put Permanently
Under an Independent Agency
BY WALTER LIPPMANN

y TOW experience seem
Nto -examine the which
the President The problem best be opened up think by dis
tinguishing three general the
represented by the BILL which
federal
poration
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
CHICAGO FRUIT MARKET

CHICAGO. March .-Apples-Michisan
BaldwinS. 81 so bushel Carrots-Illinois.
40fI SOC bushel Spinach-Texas 50cG 81
bushel Beans-Southern green. 2506f
as: wax S250a275. Cucumhers-Cen-
trail western dollhouse. 81 25M250 - doz
TO boXi Tomatoes-Florida Si25R2 IS
tboxl. Sweet potatoeS-Tennessee sl75n
185 bushel; Indiana. 81 70a J. so Rhubarb
Michigan dollhouse 203ss0c 5-lb car
tonst Mushrooms-ulinois. I5M30c lib
cartons. Asparagus California. SI256
ass doz. lunches Onion market l50-lb.
sacks: Western valencias siGl.40: Cen
trial western yellows. S0cqsI; western
whites. sl.5oGi.75.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
u. S. SMELLING
SCARS POINTS;
OTHERS STRONG
Sperry Corporation Makes
New High for Year;
Gold SpurtS.
Average Stock Prices

day High l0O.83. low 99.18, close 100 81.
up l.29. Average of twenty rails 7.52,
ALP, 47.3I, up Al. Average of twenty
age of ten first rails: 9s.17, off 05 Aver
age of ten second rails: 8112. up 06.
Average of ten utilities: 1901. up .05.
Average of ten industrials: "a 80, up 03.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31


managing it within
The which delegated
by
radically different business The grant of agu
Cra act is really limited
farm commodities shall have purchasing
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
Bank CIearingS
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

TREASURY STATEMENT
By United Press
WASHINGTON, March 31.-Government
year to March 29, compared with the cor
responding period of the previous fiscal
year:
This year Last year
Expenses S4,817 522, 1926 So 1853, 824 995. 38
Receipts 81 305 1854 34440 $1,513, 396, 230 SO
Deficit s2,511, 65S, 1856 $2,245, 428, 764. 49
Cash
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quota
lions from leading Indianapolis coal deal
ers cash discount of 25 cents per ton
is allowed
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31

BY Emitted Press
NEW YORK. March 31.-Closing uber-
ties lDecimals represent thirty-seconds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-31
Federal Farm Loan Bonds
(By Blyth & Co., Inc.)
March 81
u. S. Government Bonds
(By Abbott. Hoppin g. Co..

Home Loan As, July i, 1851 s87. sssi
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13

boys rudeness. by his Sulky silence ali
through the meal.
When they had finished, Stephen
went over to the window.
That's the place / mean, Lydia" he
said. There in the corner, where those
vines are. That's the logical place for
your garage"
1--WE going to have garage?" asked
James.
sBut that's where my sweet peas
arel" cried Lydia.
No one heard her They all went out
into the garden. and down to the cor
ner where the delicate little flowers
stirred In the breeze.
@You ought to have concrete floor, I"
said Steve
1t was the first word he had spoken.
but his father answered him easily,
without trace Of resentment. There
they stood, those three, discussing this
garage, the best sort Of car to buy for
her It seemed to her significant that
Stephen should have chosen just this
site, where her favorite flowers grew.
1.-THE boys are just like him, she
thought. Perhaps -they'd have been
happier with him
Stephen glanced at his watch. It'll
have to be going along" he said.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13

/ full memories, Stephen Let's try tx
keep them. Let's try to forget ths
other things the things we couldnr
agree about"
She saw that he was moved; be
glanced at her and then looked away
sWell this doesn't have to be
final, does it, LydiaP" he said.
She was too much startled to speak
and too much touched by his express
sion, which was like Steve now, unhap-
by and puzzled.
"But, Stephenl" she said, at last
you've agreed"
II knoWl" he said. Il know. OF
course, I've got to agree, If you've made
I'D your mind. But I've been thinking
If you we're willing to make more al
lowances-"
Il tried"
'sYou-I admit you've got finer tastes
than I have, and all that. but-well,
you know, Lydia, you were a little SUI
perior sometimes, and no one likes
that"
aYoure unfair" she said, quietly.
why do you can 1t being superior be-
cause couldn't like everything you
liked?"
"You never liked anything liked,
he said
@But did you ever try once to care for
Il couldn't he said. 'If you have
MT any taste for music, and 80 on, you
haven't. that's sill"
sBut why should be the one to
make all the adjustments2 Why should
you think it's easier for me 70 change
than for your"
wen, women are more adaptable. I"
he said.
THAT she began, and stopped.
shocked to realize that they were very
close to q quarrel. The same old thing;
the same old milIisn look on his face.
he had taken up his hat; that Was
what he had always done, run away
from whatever he did not BIKE.
There was q long silence, which was
broken by the sound Of James voice
outside.
~Say, Petel How'd you like 10 take
some Of that elephants ear 10 school
and get old Bronson TO taste It? bet
yOT----"
"shut UP, you poor fish," said Steve,
and James was silent.
Steve said the voice Of the red
haired Pete Who was that feller
That came to your house to lunch to-
day9"
SoI Just some one my mother
Knows" Steve answered casually.
MRS. Porter. standing near the win
low, glanced hastily at her husband
7e stood, hat ia hand, listening, and
he saw that bis dark face had gone
,ale.
That's q swell little sports model
ae's got" Pete resumed Does he ever
AXE you out IN ftf"
HE lives in New York. He's going
Iack, right away" said james. "Cone
"a over to your house. Pete. You said
p
They were moving away. Lydia look
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13

Joe Markham Of Butte. was re-
elected chairman Of the Montana
state boxing commission at It's meet
ing held as Helena recently; Ozhey
Devine Of Great Falls. was elected
vice-chairHnan; ,. A. Livingston Of
Butte, was reelected secretary and
Kirby HOon Of Helena, Was elected .
member Of The board Of governors Of
the National Boxing commission.
The boxing commission approved
the Hubert Denis-Kid Vaught fight
scheduled for BOzeman on October
20.
As the commission has received
many complaints about the way
wrestling matches are being conduct
ed IN many Montana cities, Tire at
torneys for the commission locked
the matter up and announced that
the boxing commission has no iuris-
dictf0n over wrestling matches and
nothing whatever 70 do with them.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13
TREACHERY

Re turned toward the house and she
went wath him, but taae boys remained
in tbs garden
swell he said. with sigh.
when they were IN the sitting room
again.
she wondered why he sighed; from
relief, was Il that hts visit was oveT7
I'm SORRY the boys didnt behave
better" she said. I'D ike you to know.
SEephen. that" Il was q difficult
thing to say-.T'd ike you to know
that they've never heard-and never
VIII hears single word of-cTiticlsm
about you from me"
20. / trust you foE thatl" he said.
Only be paused. I'm sogTy-it's
turned cut like this
I'm sorry, too" she said, a Little
unsteadily. we have 30 many beauti-
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13
BIZ Elisabeth Sanxay Holding

ed e ner husband again, with pz1g Azao
nlmEnnV. H8ephanl" she said z don't
understand. don't know wny they
I'm going 70 find out, he saAd. azad
stxode toward the door.
she stood where be had LEFT heks Sex
&c heart.
20, poor Stepheniv she tholiss
why did they-deny hfmf Hagezat
they any feelingf Don't they care for
any one4"
ina front doCr opened and beg nSaA-
band reenteEed. followed By the 80
boya James looked alarmed ara &C.
flant. but steve had an expresnH1 q
bored resignation.
@ngow. said Stephen. I'd Like 10 I'M
derstand this. happened 70 hear you
talking 10 your friend out there. ne
asked who I was. was there any par
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-10-13

/ ticular reason for not telling him the
trlth?"
he got no answer at all, but Mrs.
Porter saw Steve turn scarlet.
I'D like to know" Stephen went on.
"Of course, If you're ashamed Of me-
Wasn't that, said Steve with sort
Of scorn.
'Then what was It?
well, it wasn't any Of his business,
was it?" Steve demanded.
'gThat's won't do said Stephen. II
want to know Why you didn't choose
to say was your father. I'm going TO
know. YOU"
eve Just thought it would look kind
Of funny" said James suddenly. His
freckled face was darkly flushed; he
looked grim and furious.
What do you mean2 Why should It
look funny for your own father"
James faced him CALAMITY. He'd
have thought mother was kind Of fun
ny" he said
EWhat the devil are you driving at2"
well, he woaildl" said Steve. With
you not living here, and all. Any
how, If you want to know, told every
one you we're dead and she was q
widow"
There was dreadful silence.
"An right" said Stephen. Il asked
and you've told me. That's all right.
Go ON back to your friend"
He was mortally hurt; she had never
before seen a look like that on his
careless face.
asteveI'' she cried aJamesl Boys,
you can't mean to turn against your
father this way"
I'm not turning against him" said
Steve IN a shaken voice. MY goShl ]
should think you'd understand a little
bit. Don't you see that people are just
bound to think you're kind Of funny Y
you've got husband that goes ana
lives In another place and alI2"
He turned away abruptly and left
the room; the front door slammed at
ter him But James stood his ground;
he began 10 whistle.
welt" he said presently, with SUI
perb nonchalance, II guess I'd better
take q look at that old puppy. II y
don't watch out that coon gives him
lot OF stuff to eat that could give him
fits or something"
sJamesl' said his mother.
He looked at her. he saw tears IN her
Eyes, and he came to her side reluctant
n. She put her arm about his thin
shoulders.
James. ten father you didn't mean
% be treacner0sas to hin"
we weren't treacherous,s said James
simply. only. there's no use letting
people think you're funny. is there2"
She released him and he strolled
across the room and out into the hall
There he began 70 run; she heard him
n the garden. shouting. Hey, Stevel
ley, Petel Wait for meiT
Stephen stood By the window with his
Jack to her.
There you sFei" ne said. They don't
are for our nice civilized point Of view.
'hey don't think it's respectable for
IS 70 be friends. You've either got 70
e widcw on have q genuine husband
wing In kEae house
stephen. don't you seer They
bought they had 10 choose"
Eau right They've chosen you
retty definitely
~Buf they didn't want 10 choosel
hey do i0ga you, Stephen
They seem 70. he said.