davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
UTILITY GROUP
is CONFRONTED
BY NEW SALES
Fear of Municipal Plant for
New York City
Responsible.
ByUnfted Press

NEW YORK, Dec. l9.-Selling in
utility issues spread throughout the
stock list in morning dealings.
Around noon the market was frac-
tons TO more than a point under the
previous close.
Indications that the Government
was ready to aid New York City
with PWA money for self-sustaining
utilities projects brought heavy SELL
ing into Consolidate Gas, wnfcn
broke 10 new low at 20%, of Ia
points.
Other utilities followed it down
with Public Service of New Jersey
at 26ia, of pa; United Gas I'm
provement 1915, off p; Peoples Gas
20. of 3; North American 1879, off
q; and Electric Power and Light
pa, of i and new low.
Leading industrial issues were
down fractionally Rails lost frac-
tions to more than a point. Silvers
eased with u S. Smelling down Ia
at 1913 around noon after touching
l22 earlier in the session. Radio
dipped below for the first time in
many weeks.
American Telephone lost a point
to 1922 in the communications. Mer-
camille issues joined the decline and
so did textile shares. Oils were
slightly lower.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
UTILITY REPORT
DRAWS ATTACK
Trade Commission Throw
ing Out Smoke Screen,
Group Says.
BIZ Tim es Special

By Times SpSctdt
CHICAGO, Dec. 19.--Charges that
the Federal Trade Commission is
throwing OUT a smoke screen to be-
fog the public mind in its desire to
win approval for the entry of the
Federal Government into the cleo
trio light and power business
through such sefforts as the Ten
nessee Valley Authority we're made
last night by DR. Hugh S. Magill,
president of the American Fedora
ton of Utility Investors.
The smoke screen, it was declared,
was the pronouncement of the COM
mission to the effect that public
utility companies had boosted pre-
depression prices in which inves-
tors afterward lost millions of dol
lars.
Whatever the evils of utility
promotion prior to 1929, the whole
industry can not be condemned for
the errors of few" stated DR.. Ma
gill. THE truth is that actually
several million citizens who wish to
be self-supporting and to pay their
share in support of the government
have suffered losses amounting to
billions of dollars in the value of
their securities because of the threat
of destructive government compe-
tition and exhorbitant taxation.
In contrast the government is
expending millions of dollars to help
home owners and farmers in the
retention of their private property
The utility companies issuing
these securities are regulated under
state laws. In the main, the Sc
curltieS themselves were issued
under governmental supervision and
many were declared legal invest
mentS for savings banks, insurance
companies and trust investments.
That there was imitation of values
in utility as we'll as in other stocks
does not justify the wholesale at
tack the trade commission is now
making. Grave abuses on the part
of some utility managers do not
warrant the Government in confis-
eating the property of thrifty in
veStorS."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
On Commission ROp
lReprinted from Yesterday

Quotations below are average wholesale
prices being offered TO BUYERS BY local
commission dealers.
Fruits = cran6erris:. cage Cod. late late
fornis Emperors, 27-i6. box, s54O. Per
simmons California. 24S. Sl.SS. ounces
f sSshs $ onaihans Gam ne 66aen
bsTs Is L MsSns s1nssf ssos. s. sc
$50 LINES Mexican Meal - per carton. rs. 25c
fornia rhu6ST5. 81 50 box. Pears, OREGON
S6S. $3.50 AS. S250.
Yegetables-Cabbage. Northern Dan
ish. sob. bag. CSC: red. So-lo, bag. soe
Nsy cae6ass in s crates s2915s' Onsi oaIs
ST so: Michigan yellow, med. 10Th bag,
CSC: western white. 50-lb. bag. sl.s5: Mich
ts i ioe-i6. SSs. $50 so northern round
white. ioo-ib. bag. Siio: Ohios. ioo-Ib bag
81 co. Iaaee RgsSe 4 ieSiS 6sS New lev
Nancy ns- Halls. bushei $40. Beans, nat
strinsleSs. hampeE 81 SsIsry mis- MchiEZssn 1:
hearts. bunch. si2s. Cueumbers. dozen.
81: southern. bushel. s.. Enclye, dozen. SOC.
Esq plant So2 eozep; oi k1ls NFSisniiS s
Basket soc. California Iceberg head let
tuce.- SIS. Manages, Florida. crate, IS. Mint.
s sSnSs S. sDIhssh fSS ome-rroS S Broad
least. bushel 81 as RadiShes dozen. T5e.
Tomatoes, dollhouse; SIP: basket Ss p Si.sS.
kins. dozen. 81.
MiseeIlaneOus-coeoanu Jamaica. IS
for $50. oysters, standards. Eallon. 81 50;
selects. gallon, ST. chestngts. Italian.
lon. 65c Black walnutS. 50-lh. bag. 81.
Cider. gallons 10 case. s., Half-gallons.
All quotations subject TO ehanEs up or
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
Stock Studies

The securities of the Pennsylvania
Railroad Co. are among the most
broadly held of any of our corpora
tions. All told, owned and leased
roads total 11,517 miles of main
lines giving a railroad network COW
ering nearly all the eastern indus
trial section of the country. Its
trunk lines connect the East with
st. Louis and Chicago.
The Pennsylvania road is one of
the foremost in using the Store-door
delivery system. 1t is now estimated
that over $4,000 shippers regularly
use this method of delivery.
FINANCIAL DATA
(As of Sept. 30l
Capital stock $3.50 parl -... 65s, 1884, 300
Road. equip. and improve
ments Cless depreciation) 1,046 974. 412
Investments ....-........-... 1I1.2l5,6o4
Funded debt ..-............. 675.64l ,564
SURPRISES .................. 4S7. SAG, $50
Net working capital ..... 31245. 148
During the II months ended
Sept. 80, road, equipment, ETC., less
depreciation, remained about the
same; investments, however, in
creased nearly S63,000,000. Funded
debt was $92,O00,O00 larger while
SURPRISES dropped S8,300,O00. Net
working capital was also about
SIS 100000 less. The company is in
good financial condition and well
able to take care of any near bond
maturitieS.
In past years Pennsylvania has
had good earning ability, but this
has naturally been reduced during
depression years. The road, how
ever, is one of the few to keep in the
black right along Earnings on the
capital stock we're S1.46 in 1888 and
80 cents in the first nine months of
this year. Indications are that full
year earnings will be close to S1.30.
Dividends have been reduced sew
eral times. Only so cents was paid
in 1882 and IN 1888. One dollar has
been paid this year.
Pennsylvania Railroad Co. was in
corporated in 1886 in Pennsylvania.
The stock is listed on the New York,
Philadelphia. Chicago. Boston and
London Stock Exchanges. 1t is cur
rently selling for around 24A and
for 1871 times estimated 1884 earn
ings.
,All right reserved. Winchester Institute
OF Finance. Winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
PORKERS CLIMB
5 TO 10 CENTS
Cattle Prices Stationary;
Lamb Values Strong at
SITS Down.

A firm trading range featured
initial deals in the hog market at
the Indianapolis Stockyards today.
Practically all classes were generally
5 to 10 cents higher than yesterday.
Underweights contributed the ma
jor increase.
Early supplies, estimated at 5000,
were only slightly above the normal
figure. Demand was strong. The
bulk, 100 to 200 pounds, was selling
at $3.50 to $5.85, while heavies
ranging from 200 to $50 pounds
brought $685. to $500. Top price
was $6.25.
Extremely light killing pigs,
weighing 1870 to 100 pounds, were
salable at 50 to SIS. Other small
slaughter grades, scaling from 100 to
100 pounds, cashed in at S2.75 to
$3.75. Good packing sows held at SIS
to $5.75. Holdovers were 448.
Receipts we're light in the cattle
market with only slight change
evident in prices. Early quality was
low with nothing on hand to COM
mand top prices. No early sales
were reported. Receipts numbered
800. Vealers were largely so cents
higher than Yesterdays opening,
selling at mostly 81 down. Receipts
were 500.
An advance of 25 cents marked
trading in lambs. Bulk of good
handy weights was salable at SITS,
while extreme heavies ranged from
ST to $3.50. Throwouts sold at S.
to $3.50. Slaughter sheep we're re-
ported selling at $3.50 down. Re-
ceiptS were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
Produce Markets

Delivered in Indianapolis prices: Heavy
hens, 10c; Leghorn hens, &c; colored
springers. 12c; old ROSTERS. SC; ducks. 7c:
l5c; Turkeys-No. l young hens, 9 lbs,
over, lac; young toms. Il-i4 lbs, i5c; No
2 crooked breasts and thin turkeys &C
old toms, all weights, lie; No. i strictly
fresh country run eggs, loss off, 23c
Each fun case must weigh SIS lbs. gross:
a deduction at 10c a pound for each
pound under S. lbs. will be made. Butter
No. l. 31GI 32c. Butterfat-27c. Quoted by
the Wadley Company.
by United Press
CHICAGO. DEG Eggs-Market
PIC; fresh graded Hrsts. 26c; current re-
ceipts. 23c; dirties: No. /. 19Izc: No. 2.
lSc; checks: No. l, l7i2c; No. 2, Ice. But
ter-Market steady; receipts. 6491 tubs;
extra frsts t90-9ll4 score, 27lz@ 2sc; ex-
226A 27c; SECONDS l56-87lz scorel. 25I
Poultry, Market. firm; receipts. 30 trucks,
3 cars due; spriEgers, 12lzdi6c: ducks. IS
dl7c; geese. I0Ii6c: turkeys 2sc; hens,
ga 135zc: Leghorn springers, l0c; capons
TO 7 lbs, 19c. Cheese-TWins, 1895 n
I4c; Daisies, l4i4Gl4lzc; Longhorns, 1916.
Potatoes-Supply LIBERAL; demand and
trading slow; market weak: Wisconsin
round whites. 700 771zc; fine quality. s0G
Csc; commercial grade. 65a Toe; Idaho rus
sets. sl.50n1.55; fine quality. si.57lz9
l so; Colorado McClures redi. si75; one
car. 81 90. two cars. 81. Arrivals, Sc: on
track. 235; shipments. 3e5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
UTILITY PLANT
FOR N. Y. CITY
SEEN POSSIBLE
High Charges for Public
Buildings Resented by
Officials.
ByUHited Press

By United Press
NEW YORK. Dec. 19.-Resent-
ment Of city officials at utility rates
quoted for public buildings was ex-
pected today to lead to early con-
sideration of plan; for a municipal
power plant.
Nine bids on city service by pub
lie utilities for street lighting. power
and steam were rejected by Maurice
P. Davidson. Commissioner of Water
Supply, Gas and Electricity.
He charged the rates were exorbi-
tant and IAN unwarranted aSsump-
ton of arbitrary privilege under a
monopoly service rendered possible
by a specific franchise grant"
Held Overcharging
Mr.. Davidson said utility COM
panieS had been overcharglng the
city by about 30 per cent and that
the new bids contained surcharges
ranging up to 60 per cent, APP
parently to cover new city taxes.
This added item would increase the
city's annual utility bill by about
S700, 900.
Formal rejection of the bids we're
made yesterday. The utilities Will
continue to serve the city after their
contracts expire and will seek to re-
cover reasonable charges.
Companies involved are the
Queens Borough Gas and Electric
Co., Staten Island Edison Co, the
New York and Queens Electric Light
and Power Co., Brooklyn Edison Co.
New York Edison, United Electric
Light and Power, Westinghouse
Lighting, Bronx Gas and Electric
and the New York Steam Corp.
Preparing Report
In rejecting the bids, Commits
Sioner Davidson said he expected
soon to recommend to the admins
tration that the city supply its own
power and light. His department is
preparing a report on studies of
steam heating and generating
plants. 1t will be completed within
a month.
Mayor Fiorello H. La Guardia
again entered the utility controversy.
He directed Corporation Counsel
Paul Windels to oppose a rate adj
justment sought by the companies
from the Public Service Commission.
La Guardia declared war on util-
tiles Sunday and charged they were
attemOtinC To shift new fay burdens
on the consumer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19

dlIeduy oil OVSI-
supply of homes and that the small
returns from them as a result of this
condition is scarcely enough to meet
tax payments.
Two important problems are in
volved in Mr.. Herendeen's sugges-
ton. The one has to do with the
question of whether it is economic
ally sound to destroy property, and
the other raises the issue of whether
or not the oversupply of housing is
as real as it seems.
DOTH involve the condition of
II business to a very great extent.
Those who live in the houses Mr.
Herendeen would have destroyed do
so through necessity rather than
preference. They probably would not
be in position to pay the higher
rents which would be necessary if
they were deprived of their present
homes, and consequently would be-
come one more problem for the
government to attempt to solve.
The Government of this country
has seen fit to pillow under cotton
and to pay premium to farmers
for not raising grain and hogs.
Other governments have taken SIM
liar action where an oversupply ex-
lists. Precedent, therefore, for Mr..
Herendeens proposals has been
established. Proof that these steps
have been economically sound, how
ever is lacking.
The depression undoubtedly has
made it necessary for many families
to double up in their living quarters.
This has reduced the demand for
buildings to very marked degree.
A careful study of this situation
would reveal some very interesting
facts.
1T may be supposed that the better
l. demand in New York City for
housing facilities had been the re-
suit of the relatively small i'm
provement in business in recent
months. A return to normal bust
ness conditions might well result
in an actual shortage of homes.
The recent developments looking
toward the renovation of homes is
reported to have brought excellent
results, so it might be better for the
Government to concentrate its eff
forts in that direction rather than
in either the building of new homes
or the destruction of those now in
existence.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
Other livestock
by United Pressl

10y CI4bbO EItsot
FIT WAYNE, Dec. 1s.-Hogs- Steady to
So 2SS2 r.: lss s5sS iso2 70 s
leo lbs. $3.50; l40-i50 lbs, s435: l30-i4O
lbs, 81: 12O-l30 lbs. SO so; l00-I20 lbs,
So; roughs. S5.25; stays, s3.2s, calves,
$3.50; lambs. SIPS.
LAFAYETTE. Dec. 19.-Market, generally
SC to l0c higher: 250-3Oo lbs. ss'IOn6 20;
3oo-325 lbs. So; 2oo-250 lbs. ss@s.O5; 200
220 lbs $500 $50: 10000 lbs, $500
$40; l60-I50 lbs. 5.40d $50; pigs S4.75
down; roughs, SIS down. Calves strong
10 SC higher; S. down.
by Times speciaD
LOUISVILLE. Dec. s-CattIe-Receipts.
200. supply light. demand slightly i'm
proved; market more active and fully
steady; bulk palmer grade steers and
heifers on killer account S3.25M4.50 one
load desirable 560-lb. yearlings 1915;
strictly good steers and heifers quotable
higher: bulk beef COWS. s2G25o; good
cutters mostly sI0I75: bulk sausage bulls.
s275 down: palmer grade stockers mostly
50 50G 3.75: desirable Hereford stock calves
S4.5 0N 5. Calves-ReceiptS. IT'S. market
steadyi bulk better vealers. 81 50d 5 SO; .
strictly choice offerings eligible, S.: me-
dium and lower grades. 81 down. Hogs
RECEIPTS 200: mari =, e ,od d5S higher 40, Top
RS i6s S. s95 lbs los sp $50 isO ;bs
81 20; l2o-i35 lbs. $50. sows. 81 20. Sheep
REGENTS, 100: marEet generally steady.
most medium TO good lambs $3.50 Is:
choice kinds eligible higher. most bucks.
s475G SIS; light throwouts, 81; better fat
slausnter ewes. sl.5o92-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
GRAINS IRREGULAR
IN INITIAL TRADES
Conflicting influences Act as
Deterrent.
BIZ United Press

By United Press
CHICAGO, Dec. 19.-Conf1icting
influences disturbed grains on the
Board of Trade today and the price
trend was irregular.
At the start wheat was Il cent
lower to Is cert higher, corn was
off Is to up 4 cent. oats were up
Is to 14cent, and rye was up 4 to
Is cent.
The short interest at Liverpool was
becoming important and holders of
grain were firmer in their views. The
English market tended to the upside
early.
The trade generally regarded
weather conditions in the domestic
belt as favorable to the growing
crops and selling was encouraged
on this count. Little attention was
paid to the Government crop re-
port issued after the close yeSter-
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
RAIL ORDER PLACED
Northern Pacific Lets Contract to
Gary Branch of Steel Co.

A S250,000 steel railway order has
been placed with the Gary works
of Illinois Steel Co. by officials Of
the Northern Pacific Railway.
The order calls for the production
Of 5000 rails and assures additional
working hours for employees during
the Christmas holidays. Operation
of the steel mills of the Calumet
region was estimated today at ap-
proximately 40 per cent of capacity
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
DURABLE GOODS
PRICES VIEWED
HIGH IN SURVEY
Consumer Goods Industry
Held Absorbing Bulk
of Income.
By Times Special

~ ines SPECIAL
NEW YORK, Dec. 19.-The two
major obstacles to a revival of the
durable goods industry are that
prices of durable goods are too nigh
in relation to the national income
and that the consumer goods in
dustry is absorbing too great a pro-
portion of the national income, the
Alexander Hamilton Institute de-
clares in study of this situation.
While it is beginning to be adj
mitted that the prices of durable
goods are too high, the Institute
says, there IS little being done to
lower them Lecause of the difficulties
involved. For instance, it is pointed
out, wage rates are too high and la
Dor is strongly opposed to reduc-
tons.
Practically UnrecOgnized
The second obtacle to a recovery
of the durable goods industry" the
survey continued, seems to be prac-
ticelly unrecognized since the meas
ures taken have served to enlarge this
obstacle rather than TO eliminate it.
The raising of wage rates in the con-
sumner goods industry and the con-
sequent increase in prices has made
it impossible for the durable goods
industry to obtain its normal share
of the national income since the
rise in the prices of consumer goods
has not curtailed proportionately the
consumption Of such goods.
The fact that the consumer goods
industry has benefited from this
policy has been considered justifica-
ton for the policy because it gen.
orally been overlooked that the APP
parent welfare of the consumer
goods industry has been at the ex-
pense of the durable goods industry
THE durable goods industry, how
ever, can not be fully revived until
it is attacked through the consumer
goods industry. In other words,
lower operating costs and lower
prices for consumer goods must be
effected before the durable goods
industry is in position to obtain It's
nominal share of the national in
come.
Idle Cut Needed
"This does not mean, however,
that the consumer goods industry
must be penalized for the benefit of
the durable goods industry. On the
contrary, a revival of the durable
goods industry will benefit the con-
sumner goods industry. The employ
ment of the idle by the durable
goods industry will restore the con-
sumner goods industry to a sound
basis.
Such a basis is lacking at the
present time because the consumer
goods industry, in maintaining
relatively large production despite
high prices, is now dependent to a
considerable extent on Government
relief payments to the unemployed.
Such relief payments must even
tually lead to the exhaustion Of Gov
eminent credit and an economic dis
aster which will not be compensated
for by the temporary benefits which
the consumer industry is now en-
joying"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19

structing new ones,
as has been pro-
posed.
The sugges tion
was a rather back
handed one, how
ever. He laid par
ticular stress on the
word "if,' indicat-
ing that he was not
particularly inter
ested in seeing the
government getting
into the field at
all. He made the
point that there is
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
FRUITS AND VEGETABLES

by united FreSSf
CHICAGO Dec s.-Apples-Michigan
Mcintosh bushels. si7Sd2: Jonathan.
81 SoalT5 Carrots-California crates.
S27SGS2S Beets-IllinoiS bushels. 35H
zoe: Texas si3SGiS0 Beans Florida
bushels. green. SlSoG4. Caulifiower-
California crates, si.2S. Lettuce-Cali
sornia crates. s2751375. Cahbage-WiS-
consin crates s0G75c Spinach-Ten-
nessee. Texas Illinois bushels. soc "a 81
ries-MasSachuSetts. Il barrels.
t42SG4S0 Onion market t5o-lb. sacks
Nichigan yellow. eScG 81. western yellows.
eccdSi. Illinois and Ohio yellows. eosi soc.
idaho whites siTi5o
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
STEEL OUTPUT SEEN
INCREASED NEXT YEAR
so Per Cent Operating Rate Hoped
for in First Half of 1885.
BIZ Times Special

By Times Special
CHICAGO, Dec. 19.-Optimistic
steel men were predicting privately
today that the industry will be re-
vived in the first half of 1885 to the
tune of go per cent operating rate,
and possibly more.
A $100,000,000 program of new
equipment, most of which is now
in progress, is based on the belief
that demands for steel will come not
only from the automobile and rail-
road industries and from public
works projects, but from the in
creased buying power of the farmer
as we'll
Steel men here recall that only
last Thursday a trainload of farm
equipment left the international
Harvester plant in Indianapolis with
as carloads Of tractors, cream sep
arators and stationary engines. This
was the first such shipment that has
left the plant since 1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
FAILURES REMAIN SANE

There was practically no change
in the number Of business failures
in the United States reported TO
Dun & BradStreet. Inc, for the week
ended Dec. g. Total of such de-
faults was zSl. compared with 232
the preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
TRADE FAIR SCHEDULED
b Times Special

p INIta :, FItt'Hf
NEW YORK. Dec. 19.-Products
from approximately forty various
industries viii be on display in New
York on Feb. 4 at the opening of
the international trade fair" il was
announced today. This is the first
event Of its kind for more than
decade.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
Hides and Skins

3lzc fiat; green country bulls and Clues.
.Hides-Green country COWS and steers.
3izc nat: Green country bulls and CLUES.
&c nat; green country calf hides 45zc.
fiat. green country kip. 3izc; o. / large
horse hides with fun heads shanks names
and tails. 50 so: medium size So AL No
grade horse hides SOC less: CLUES and
ponies half price. No. / rendered talloT.
4T4l2c; No. at value. yellow grease,
ga 3izc: dark grease. 21z13c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
Wall Street
by RALPH HENDERSON,
Times Special Writer

NEW YORK, Dec. l9.-Fred w.
L ' Herendeen, president of the
New York State League of Savings
and Loan Assns., has made the in
teresting suggestion that if the Gov
eminent desires to subsidize the
building industry in any way it
should appropriate 81 100000 for
the purpose of destroying unsatisfac-
tory buildings rather than for con-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
H. L. RICHEsoN PROMOTED

NEW YORK, Dec. 49, Harold L.
Richeson, general sales manager CT
Canada Dry. has been appointed
general sales manager OF the Pleas
ant Valley Wine Co.. it was an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
LEAD PRICE BOOSTED

NEW YORK, Dec. 10. - The
American Smelling & Refining Co.
has advanced the price of lead 10
points to $40 cents pound, it was
learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-19
TRADE RISE is NOTED
Retail Business in Ninth Reserve
District Shows Increase.
Hss,oo g..oasog
BIZ Times Speci0I

?
MINNEAPOLIS, Dec. 10. - All
sections of the Ninth Federal Re-
serve District showed larger gains
in retail trade for November than
for the corresponding month in
1888, according to Federal Re-
serve Bank report out today.
Twenty city department stores in
the district, which includes Mime
sofa, the Dakotas, Montana and
parts Of Wisconsin and Michigan,
reported an increase last month of
10 per cent in dollar volume, while
county general stores showed an in
crease of 81 per cent.