davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29

affairs in its own manner !;
making investigations of
transactions in certain stocks
when it was thought the facts de-
manded it and Suspending and fin
ing members when rules we're vio-
lated.
Since the collapse of the security
market in the latter part of 1929.
the Stock Exchange gradually has
been revamping its attitude. Many
attempts have been made to win
back public confidence, which had
been badly shattered by disclosures
before the senate stock market COM
mittee.
The volume of transactions for
the last few years represents only
fraction of what it was in the
halcyon days of 1929 and, conse-
quently, profits of member firms are
mere shadow of what they were.
Self-regulation has given way to
federal regulation. Some people feel
that laws on security flotations and
security trading are too strict; 9TH
ers feel that the facts warranted
the action taken.
Meanwhile, the Stock Exchange
has appointed its group of ten.
None of these are members of the
exchange; five, however, are part
ners of member firms and the other
five are strictly outsiders"
The original decision to allow
outsiders" to attend miscellaneous
committee meetings was taken last
June. This would seem to indicate
that the Stock Exchange, by cast
ing around for months for its men,
did not mean the move to be an
empty gesture designed to win pub
lie favor. The caliber of the ap-
pointees argues against such a view.
BY allowing the public to know
what is going on, the exchange is
taking step in the right direction
and one which ultimately may work
to its own advantage in an in
creased volume of trading and
greater confidence.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
FARMERS WILL
DISCUSS AAA'S
CORN-HOC PLAN
Community Meetings to Be
Held to Determine
Sentiment.
81 Times SpecinI

By Times Special
WASHINGTON, Sept. 2e.-Indi-
ana will have 1000 or more COM
munity meetings of farmers within
the next fortnight to determine
whether or not the corn-hog control
program OF the agricultural ADJUST
ment administration shoule be con-
tinued next year, it was announced
today by Henry A. Wallace, secre-
tary of agriculture.
Similar meetings, some 5000, will
be held throughout the corn Pelt.
Opportunity will be given every
farmer who is participating n the
current corn-hog contract program.
to vote on its retention. In ADD
ton, the whole AAA movement
be open for discussion.
The meetings are being calles
the corn-hog production contrs
SociationS. These associations
to provide the machinery for
farmers themselves to take the
erendum among the 1,11O,0O0
tract signers.
There are 2,100 corn-hog aSsc
tions, covering two-thirds of all
counties in the United States.
The questions to be voted on
clude:
l. Do you favor an adjustn1
program dealing with corn and ho
in 1885?
2. Do you favor a one-contractA
per-farm adjustment program deal
ing with grains and livestock to be-
come effective in 1892?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
On Commission Row

prices being offered to buyers BY local
commission dealers.
FRUITs-Cranberries Cape Cod early
blacks, ,25-lb. box. So: Grapes. Michigan
Concords, ACT. basket, Ice; l2-qt. basket
sac; California seedless. 27-lb. box sl.65.
Grabapples. Michigan hyyslops. a 6ushsI I 81
Italian prunes, 1s-lb. box. sI:1o; Pears.
Michigan Bartletts, bushel, SIS Avacados
box $50. Ounces. bushel. SO. Watermel-
ons. Csc each. Bananas. pound. SAC.
vEGETABLES-Cabbag Northern DAN
ish. 5o-lb, bag. Use; red. bushel. si.SS.
Onions Idaho Sweet Spanish arg fnd So5
35c; western white. .50-lb. ag;- SITS: home
grown picking. 10-lb. bag, Use. Potatoes,
Northern Cobblers, 100-lb. bag. s1.35. Wis
consin round white. 100-lb. bag. S1.55;
Ohios. 1o0-lb, bag: $3.50: Idaho Russets
Nancy Halls. bushel 81 IS. Beans, home
grown striazless. bushel. 81: Kentucky
Wonders. bushel. 65c: Limas. large, pound.
zoe. Beets. dozen, Soc. Carrots, Ohios.
S Ssss9 '9s se oh BSshs srt 0 ss acf
crate. $3.50. Celery. Michigan, medium.
bunch. soc. Corn. homegrown. dozen: 2oc:
Cucumbers home grown. pusneL Sl.3V;
dozen. CSC: oils. dozen. 75c: Encivs 2
bushei, soc. Lettuce, outdoor. i5-lb basket
CSC. Mangos. bushei. 81. Mint. dozen. soc.
Parsley. dozen, Csc. Peas, hamper. s.. so.
Peppers. red finger, bushel. SITS: 5-lb.
basket. 5oc.l Radishes. dozen. 75c. Spin
basket. Soc Radishes. dozen. T5c. spin
bushel sI25 Tomatoes, outdoor. 12-ib
basket Soc bushel. $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
WHEAT PRICES
DROP 3 CENTS
TOWARD CLOSE
September Delivery SIumps
Sharply; Others Not
Affected as Much.
BY HARTMAN w. NICHOLS
United Press STAFF CorreSpondent

CHICAGO, Sept. 29.-Grain trad
ers on the Chicago Board Of Trade
rushed to the pits today to dispose of
their contracts for September de-
livery and heavy sales at the last
minute brought sharp price reduc-
lions.
September wheat finished at S101
bushel, off cents from the pre-
vious close. The faraway deliveries
were not seriously affected. Sep
TENDER corn finished at n cents a
bushel, off IA cents, and Septem-
Der oats, 43 cents, off IA cents.
oflt-taking broke out in all
grains and with the trade not large
the best prices were not held. Price
changes in wheat were cratic in a
narrow range throughout the ses-
sion with much weekend evening
up of positions in evidence.
There also was a disposition TO
reduce lines before President Roose-
velt's radio address tomorrow night.
Private estimates of the corn crop
will be given to the trade Monday
morning. Operators said they were
inclined to look for little change
from the figures last released, al
though some thought mention would
be made Of rather poor quality OF
the yellow grain in some sections.
A message today said a farmer
from near Pontiac, H., husked four
acres of corn and secured a total of
thirty bushels.
Weakness at Liverpool, where &C.
tober liquidation was in progress,
brought early easiness in all grains
here. Provisions started lower but
later recovered part of the losses.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
A Neze, Brain Trust :
Appointment of Group of Ten by Stock Exchange
GiUes Outsiders Voice in Affairs.
: BY VINCENT S. LYONS
Times Financial Editor

The personnel of the group of which has just been
named by the New York Stock Exchange to sit in as
many committee meetings possible and to offer
tons operation of the securities market is secondary
to the fact that it represents the first time in the history
of the institution that outsiders have been given voice in
its operation.
For years the New York Stock Exchange, ncorpo-
rated association has believed that it could conduct its
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
AIR TRAVEL EXPANDS
Gain Of 20 Per Cent Reported by
United Air Lines.

An increase Of 80 per cent in its
passenger traffic and $50 per cent in
express shipments during the first
eight months Of the year over the
corresponding period last year was
reported today United Air Lines.
United transported a total OF 96.-
To revenue passengers. contrasted
with 7s,o2s in the same period of
1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Other livestock
tBy United Pressl

LAFAYETTE. Sept 29.-Market 25625
s7s lbs. $50 SIS; 2oo-52s lbs. IS as s 50
10000 ms. ssioGs.2o; iso-lso lbs; ss;sI
lbs. s47Sd47s; iis-I7s lbs. IS sou rs
Ioo-Iis lbs. 81 75Gs: roughs. $3.50 down
Calves. $3.50 down; few, 81; lambs 81
down
70d7sc lower: 7SO-s00 lbs. $3.50; 2O0-15C
lbs. ssls: 10000 lbs. sses: i60-iso lbs.
SIS: 3oo-sso lbs. sos; isoleo lbs. IS
$50 lbs. s3s5; loo-l3o lbs. $40: roughs
$50: stays. s2.so. Calves. So: lambs
x6.so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
LAND BANKS STUDIED

Government Holding Bulk of Out
standing Obligations.
By Times Special
NEW YORK, Sept. 29.-Of the
tJtal of $1,6OO,OOO,OOO of Federal
Land bank outstanding, more than
one-third are held by the federal
government or agencies and cor
porations created by the govern
ment, G. j. Devine g. Co., Inc,
point out in a special booklet just
prepared containing a study of
these bonds.
OF the total outstanding, it is
added, 1888, 10000 we're issued in
the fiscal year ended with July 2,
1894.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
NEW LIVESTOCK RATES
EFFECTIVE ON MONDAY,
Reduced Railroad Charges Are for
Relief of West.

The new emergency livestock feed
rail rates, established at the request
of the department of agriculture for
the relief of western cattle owners,
will go into effect on Monday.
They set a rate of 81 2-3 per cent
of the standard commercial hay
rates for millet, cowpea hay, soy
bean and alfalfa hay, and of so per
cent of the standard hay rates on
stover and corn stalks shredded or
not shreddedD, beet tops, cactus, en-
silage, fodder Gncluding cane fod-
der), straw Including bean or peal,
corn cobs and sorghum cane.
These emergency rates will expire
Dec. 81, next.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
FRUITS ANE VEGETABLES
nv TTnffed prexxt

CHICAGO Sept. Michigan
Sweet potatoes-Tennesse bushels. asa
e0c Peaches-Michigan bushels. s212. 50.
lettuce - California crates. 81 .50T 3. IS.
,3eanS-ulinois bushels, green. 50G 75c:
best, slabs. OBSERVATION-DISCLOSURES crates
5on 75e. Carrots-Caiifornia crates. 75c6
s1.50. Peppers-nlinois bushels. 25d75c.
Eggplant-nlinois bushels. 15d2sc: Gel
ery-Michigan crates. squares. 30635c.
western cauiifover crates. s1.1o6i.15:
Michigan, 75c6s1.2s Grapez-Michigan
Concord. l2-qts.. lsG7!e, Crsnberries-
Onion market tSo-lb. sacks Michigan
yelIows. $50 72ize: Idaho whites. s161.l0;
Idaho yellows. 7sCs0 Utah yellcws, 759
soc,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Wall Street
by RALPH HENDERSON,
Times Special Writer.

NEW YORK, Sept. 29.-Foreign
~ trade figures for August and
the first eight months of 1884 fur
nish convincing proof of the eff
fectiveness of dollar devaluation as
a trade stimulant. We had an ex-
port surplus of $52,45O,O0o for the
month and $3.50, 599,eO since the
first of the year. In both periods
exports we're up sharply and imports
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29

were GOWN.
The theoretical
connection be-
tween currency de-
valuation and in
ternational trade
is that the cut in
the dollar value
was the equivalent
of a reduction in
the price of our
goods, the pur-
chasers abroad be-
ing able to buy
more dollars with
their respective
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
MezO York Stocks

Sales today Appropriated 10000
shares. against 100000 shares last
Saturday.
Dow. Jones preliminary closing
averages showed industrials 92.63,
I'D Ola: railroads 1888, up OIL;
utilities 2040. up 0.02.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
PAYNE is PROMOTED

Herbert A. Payne, adjuster for the
Home Insurance Company, has been
promoted to the home office of the
Company in New York. He will
move there Dec. l, to take over his
new duties.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
CHICAGO TIME CHANGED

CHICAGO. Sept. %. - Effective
tomorrow. Chicago banks. in COM
pliance With the daylight saving or
dinance. viii turn their clocks back
one hour. reverting 70 central
standard time. the Federal Reserve
bank Of Chicago announces.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
DRAINAGE LOANS MADE
By United Pres.

DN 2 WNNtU 4 ? Co
WASHINGTON, Sept. 2e.-Loans
for refinancing twelve irrigation and
drainage districts were authorized
by the Reconstruction Finance
Corporation today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29

CHICAGO, Sept. 29.-CaSh grain: wheat
mo red siCaa No hard s I.9io1
No. i white 86A dSe1ac; No. 2 white,
White. S41s a Sc; No. white, sac. Bailey
-Ouotable. s5cdS120. Timothy-$16 so a
1880. Glover seed-$15@19.5 Cash pro-
visions-Lard. ss.15; loose, ss.35; leaf,
987: bellies Sl4
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
STOCKS MIXED
WITH TURNOVER
IN SHARP DROP
Rally Near Close Puts Some
Issues Higher After
Early Weakness.

MARKET At a GLANCE
~ United Press
Stocks irregular in narrow range;
trading dull.
Bonds dull and irregular.
Curb stocks quiet and mixed
Chicago stocks dull and irregular.
Dollar frmer in major currencies.
Wheat of = cent; corn drops =
to = cent; oats. ease.
Cotton steady at gains OF TO 8
points.
Rubber up 10 IS points.
Bar silver of = at 1873 cents an
ounce.
Copper Q cents a pound.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29

TT is conceded quite generally that
l. uncertainty over currency values
is having an adverse effect on trade,
but this effect probably is not as
great as is generally supposed. 1t
undoubtedly finds reflection chiefly
among bankers who do not wish to
loan 60-cent dollars and run the
risk of being paid back in 50-cent
dollars. Business men generally
have no hesitancy about making
contracts on the basis of the dollar.
AS a matter of fact, they seem quite
anxious to secure dollars irreSpec-
tive of their worth in gold.
But, of course, few people would
like to see wild initiation in this
country, which would result If the
gold content of the dollar were re-
duced too often. That is what the
Chamber of Commerce is supposed
to be afraid of, but one wonders
just how sincere they are when they
put up such straw men.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
NelU York Bank Stocks
OLSON HITS RATE PLEA
Governor Condemns Railroad Ain
for Coal Boost.

By Times Special
ST. PAUL. Sept. 29.-The pro-
poSal of the nations railroads to in
crease coal freight rates would i'm
pose an unjust and unreasonable
burden upon the consumers of the
northwest. Floyd B. Olson, Cover
nor of Minnesota, declared today.
Mr.. Olson is the first Governor to
make a public statement against
the railroads plea.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Treasury Statement

WASHINGTON. Sept 2s.-Government
expenses and receipts for the current
hscal wear 10 Sept ~. compared with the
corresponding period OF the previous fiscal
year.
This Year Last Year
Expenses 81 ass 3s7 ee6 IS Ss64 e47 SIS ls
Receipts q3l. sSS. 10 90 $50. $50. 1873 SO
Defcft 537 02s 1sS7s 2l4le7677 50
Cash Bal. 7ie7. 79s. Isl OF
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Cash Grain
INDIANAPOLIS

The bids for car lots of grain. at the
+. o. b.. shipping point, basis. 1712 cents
to river. Wheat-Weak; No. red, $50
gao; No. red, 92@93c; No. 2 hard. 93@
79lac No white. 771a h7S12c; No. 2 yell
low, 731aM741ac; No. 3 yellow. 72iA6731ac;
No. mixed, 7212@73fac; No. 8 mixed
7112m7212c. Oats-Steady; No. 2 white,
51@52c; No. white, 50G51c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Chicago Stocks
lsy Abbott. HOppIn & Coz
u. S. Bonds

BY United Press
NEW YORK, Sept. 29.-Closing Liberty
Bonds. Descimals represent thirty-sec-
ondS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Cotton Prices
CHICAGO
Retail Coal Prices
DOMESTIL KETAII PKICEs

Inc IolloEinR prices represent quotations
from leading Indianapolis coal dealers
A ascent CARVING charge Der ton viii -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29

currencies and consequently more
goods. To the extent that prices
rose domestically in response to the
devaluation this advantage was
erased, but the spread has remained
sufficiently large to make our goods
attractive abroad.
In a sense, the cut in the value OF
the dollar constituted a tax on
wealth. measured in terms of cur
rencv and credit paper, for the
benefit of debtors who owed money
on their tangible properties. 1t
reduced the purchasing power OF the
dollar and raised the dollar value
of property and the production of
property. But when current prices
are measured against prices which
have been accepted as representing
normal, it is obvious that holders Of
currency and credit paper still are
better off than they were under nor
NAL conditions.
A ND when it is considered that
L a the devaluation, in addition to
having helped Americans to sell
their goods in other countries, kept
a great many individuals and
corporations off the rocks financial
ly, which in turn kept business 60
ing and more people employed than
otherwise would have been the case.
it is difficult to see how the posi-
ton of opponents to devaluation is
tenable from a practical point OF
view. And when the moral issue is
raised it usually is hidden too well
under the cloak of self1shnes to
make much impression.
The United States Chamber OF
Commerce has asked the President.
among other things, to state clear
ly his attitude toward further de-
valuation. 1t should be obvious to
that organization that since cur
rency and international trade. are so
closely linked to each other, the
President is hardly in a position to
express a definite opinion at this
time, particularly in view of the
fact that other important countries
have not let their currency plans
become known.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Dollar Shorts Cover

Shorts in the dollar covered COM
mitments in Europe to the benefit
of that unit in foreign exchange
terms. The pound sterling declined
10 the lowest level since February,
and the franc was well below the
gold point The United States gov
eminent. according TO reports. was
again a buyer of silver abroad and
the price in London made a five
year high.
A rise in mercantile shares &C
companied reports of improvement
in retail buying in nearly all sec
tions of the country. Issues Of the
group. hitherto dormant. came to
life with good advances. Railroad
shares held up despite decline in
car loadings. 1t is reported on good
authority that the railroads will be
granted a freight rate increase in
the not distant future.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
AAA ALLOWED
MOVE TOWARD
FARM BALANCE
New Law Intended D Bring
Farmer Into Position of
Equality.
BY CHESTER c. DAVIS

This the third of a series Of five
articles written for the Scripps- Howard
newspapers by the head of AAA, de-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Higher for Week

Stocks. bond and the dollar ad-
vanced slightly in the past week,
while commodities eased. Business
was featured by gains in retail
trade. steel operations and electric
ity output. Stock trading picked up
small amounts as sentiment i'm
proved in the financial community.
There was still considerable ner-
vousness over the future, however,
and traders continued cautious.
Erratic movements in the gold
and silver shares featured several
sessions. Late in the week these
stocks declined on the theory the
administration was swinging to the
night.
On Monday the securities and ex-
change commission takes control
under the securities exchange act
OF 1884. The federal reserve theo-
retically takes power on margins
although 1t has postponed that
phase until Oct. Is TO permit those
concerned to become acquainted
with the complicated system
adopted for Margins system that
practically makes a different mar
gin requirement for each individual
stock
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
BY ELMER c. WALLER

NEW YORK. Sept. 29.-Today's
stock market session was one OF
the lizhtest in more than ten years
Price changes we're as uninterest-
ing and volume small.
Traders awaited President Roose-
velts speech tomorrow night. None
tried 70 guess its content. although
a few timid operators sold on the
theory it might be beaIish.
Mild selling depressed most stocks
for time. although there was a
slight recovery before the close on
that rally. Leading issued in sew
eral instances turned minor losses
INTO equally insignificant advances.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Local Wagon Wheat
(Bv United Press

City grain elevators are paying 90 cents
or No. soft red wheat. Other grades
N their merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-29
Money and Exchange

INDIANAPOLIS STATEMENT
Nogales international., 1934-08-11
BRIDGE GLIB

Mrs. Ben Jones was hostess to the
members of her bridge club We'd
nesday afternoon
High scora prize was awarded
Mrs w. A. O'Connor.
Members and que is present were
Miss Edith Miller and Mesdamns
Hugo W. Miller, ]. C. Glissan, Louis
Hudgin. O'Connor, Fl. j. Karns, w.
F. Carroon and the hostess.
H#.AA####aa.s#
Mrs. John George and daughter
have returned from trip through
the Eat.
Nogales international., 1934-08-11
SAYS WILL GET $500
MAJORITY IN PHOENIX

Kirby L. Vidrine of Maricopa
county said here yesterday that he
will come out of the city of Phoenix
with a 8 500 majority on the night
of the September 18th primary. in
the race for the Democratic nomi-
nation for state treasurer.
Nogales international., 1934-08-11
RETURNS TO COAST
#% + = y + =

Mrs. A. Armada, mother of Mrs.
Robert F1eigcher, has returned to
her home ii Los Angeles after visit
ing her daughter, Mrs. Robert
Fleischer, foc three weeks. Miss
Nillie Armada, who accompanied her
mother here, remained for an in
definite visit with her sister, Mrs.
Fletcher.
*EM1****&***
Mrs. Mae Par. ons has returned
from visit in California.
******%
Miss Caryl Parsons is visiting
friends in Long Beach.
&%H#&*#
Norman Pomeroy, Jr, is spend
ing a vacation in Los Angeles.
Nogales international., 1934-08-11

ernment and society, and dedicate
myself to an effort to make this
country better place in which to
live-a land of greater and finer
opportunities for the masses of our
people. shall advocate a shorter
work ng day and shorter working
week, an Old Age Pension Law,
and Unemployment Insurance. Such
q program of advanced social legis-
lation must and vii be enacted for
the benefit of the everyday citi-
zen Of cur Nation Our country owes
no citizen living, but it must pro-
vide opportunity for every citizen