davidaulloa/AmericanStories huggingface dataset:
Washington Journal., 1934-01-26

Mas 1T bos bIDB fir ne Dirn!
Son man bus nun aGes eluuben oOer
ni@t! Was bat bic BLOB nit benz
Grpel Mles. mas tie Du reOete -
unD reOen fam lie, Dunnerliidting
nod NAL! - ME bat er 10 mas ges
bort. limb ME bat er Elm 10 bans
li9es 9sfi9t geIeben ME Gimme ibr's.
0bf4On man 0orin bier ni9t gerabe
Dern16nt 1T. Wenn ma BLOB piiBz
te. ob bds oGes nun Die refine RDm0s
bic NOR, ooer Of nod etpos onberes
bubinterfsdt. S6nurrig TT Oas ia,
ME Der grpel felbit ii9 benimmt. gr
tbut, mas ie iagt, es I@:int bod 10,
als Derftsbt er tire MOrte. n9dlt
ben ROpf bin!" fogt tie, uub sr tbut
es. Obf9on bic dnDere bas NleRer
bat unb Tim an ben Rrogen m04t'.
8linbIings tbut er es mad ibrsn
Morten. Sber tpeiB er, DoB bic am
bere ii6 bod ni9t ran rpugt, uuD
bdB iie auf oieIs WeiTs gang ins
8OdsbOrn geiost perOen fOu9 0us
mar benin ia nod tliiger BON benz
Wieb, OdB bic @a9e NIT ben S9iss
rem, tbrem 9eritunO unb ibrer Seele,
nibt 70 gan3 sinfo9 1T, bds peiB sr
ia. Odritber bat er Dielerlei gebOrt
unb gelefen, du9 ieI6it bat er genug
OdDon geieben. Wsnn er nur an ben
pinfaer BON ieinem experimentation
bentt. Der mar tIiger unb anf9lGgis
ger dls man9sr 6ann Mdot dn8orO.
Iber DAB in einem @ntenbteit 70 ets
mas itedt. bas 1T bod etpos gun5
BeIonberes.
unO tie, tie ierbt - tpenn aud
mos Nufgetraeenes unb 10 mas pie
3irtusfunil b0bet mar = tpte tie oaz
ftunb. ME lie ungei9li9er fam, pie
ibr bic Nugen gt1gen unb tpie lie 10
bic gmme 6eibemdnn, bic bod fpnif
BRETT unO happie mar dls n G9la9z
terbrnO, fris lie bic ii9 tui9en lieB
- unb erIf als bic melt pom S9uB
NOR. fling bic pieoer an 9ols gu GEE
ben - bo mar bod 3us unO Murr
unb Rlemm brin! Uni aud etn e9z
tes @efiibl, Obne 6raos. Sic bate
ben grpel nun nal ins 9era gei9IOiz
fen - barum gins lie 10 fir i'm ins
3eug nit an ibrer Rrdft unb al
i6ren RiinIfsn. So. ia. Riinfte maren
babel ober tpdrum auh ni9t9
Wenn man bamit felnsn JsinO 10
famos untertriegt! Ssbenfans bat
tie ibrs SADIE fein sema9t. unO elm
boGes Grouen3tmmer TT iie. Oaron
lGBt 1i6 niat riitteln uHb ni9t rib
rem!
@ber 10 rs9t freubig pa-m 1T es
inn bod ni6t beim Denten an lie
uno ibr tapferes Wert. 0i4ter unD
BUMPER pirb rieOer bas ~lHbsbageH,
bag iiber ibr liegt. bas Wirrt. uns
faBli9s unb Sriibe ibrer Art Dsrs
f9lieBt iie mi, ie ieinet tluren. beBut=
iomen Rube. Wie cine Wolte tt lie
ibm ~geporDen, unb fpte cine Wolte
ldBt sr lie 3ieben. No9 bIidt Ct Der
3iebenben mad, bdnn aber Denoet er
Ii9 idb unO tpabrt ii4 In ieinel Wslt
unD feinsm gisen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
SWINE MARKET
TURNS uneven
Prices Steady to rs Cents
Higher; Cattle Market
Unchanged.

Following two days of sharp de-
creases, porker prices were mostly
steady to 25 cents higher in early
trading at the Union Stockyards this
morning. Light slaughter pigs dis
played the increase.
Receipts estimated at only 1000
were sharply lower than during the
two preceding days. The bulk, 100
to 200 pounds, was selling at $5.45
to s565. Heavy grades, scaling 200
to 300 pounds, sold at $50 to $3.50.
Few choice kinds brought $5.85.
Light slaughter classes, weighing
from 1870 to 16O pounds, cashed in at
s425 to SIS, While smallest kinds,
scaling 100 to 1870 pounds, were SAL
able at So to 81. Packing sows held
at s4.25 to SIS. Holdovers were 1874.
Early trading was duh in the cat
tie market with few sales steady at
the previous close. Few early sales
of steers ranged from S6.75 to $3.50
Cows were steady to strong. Re-
ceiptS we're 1000 Vealers continued
unchanged, selling at $3.50 down.
Lamb values we're stationary to
slightly lower than yesterdays aver
age. Most early sales ranged from
$3.50 down. Odd-head brought S6.75
Bucks were discounted 81. Throw
outs sold from So to $3.50. Re-
ceiptS we're 1900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. lie; Leghorn hens. &c: colored
springers IL lbs. and over. lie; Leg
SC; geese. SC; Young guineas. zoe; old
guineas. lSo; No. | strictly fresh coun-
try run eggs. loss of. l9c. Each full case
must weigh IS lbs gross; a deduction OF
loo pound for each pound under SIS
Butterfat. sc. quoted by the wadley
by United Press
CHICAGO. Oct. Eggs-Market firm:
receipts l. 6S2 cases, extra firSts. 24c: fresh
g55aaded Tsis 2sc current SGIN receipts n 2i@
nrn: receipts s.32s tubs: extra firsts 90
81 scorel. 25l Sac; extras ls2 score
2se frsts ,ss-s9l3 score. 81 a24e;
Ssseonds lss,S.,2 score 22'9e; specials 2S,s
ket. steady: receipts 20 Nucks: one
car due; geese. sGllc; turkeys. $50 i5c;
old ROSTERS. lie, ducks. l0d lac; spring
ers. heavy rocks. lSc, hens. heavy IL i2c;
guinea hens a dozen, S4G7. Cheese-Twins.
l2'a "a lSc. Potstoes-Supply moderate; de-
Wisconsin Round Whites and Cobblers.
mostly Round Whites. s2is q eoc, one car
fine quality s5 cents. commercial grade so
cents. Idaho RussetS. Sl.SSdl.5o. TWO cars
fine quality $50 Arrivals So. on track
2l2. shipments sos.
firm: extras soc: standards. 29c. Eggs-
24c. puilets zoe Poultry-Market weak:
fowls eolored. a. lbs. and up. lie; ducks.
light l2e. geese. heavy fat lSc: turkeys,
young 22c PotatoeS-Maine. 81 20 a 100
Idaho. 81 75ai IS 100 10. sack: New Jer-
Sey. $40 100 10. sack.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
On Commission ROW

Quotations below are average wholesale
prices being. offered to buyers by local
commission dealers.
FRUITSM,,Cranberries, Cape Cod early
Concords, l2-qt. basket. 40c. California
seedless. 26-lb. box, $2.10. Crabapples
Michigan ,hyslops,. bushel. S1.85. Persim-
mons, Indiana. IL qts., 90c. Pears, New
York. Bartlets, bushel. $3.50 AvacadoS
box, $3.50. ounces, bushel, SO. Ba-
nanas pound. Sac; pineapples. crate, IS
VEGETABLEs-cabbage, Northern Dan
f Idaho sweet SPANISH large. 50:lb
10-lb. bag. 2Oc white, boilers. 1O-lb bag,
35c; Western white, 50-lb. bag SITS. Pc
tatoes New Jersey Cobblers, 100-b. bag,
81 AS; Northern round white, 100-lb. bag,
S1.10; OhioS. 100-lb. bag, $1.55; Idaho
Russets, 100-lb. bag, So Sweet potatoes
Indiana Jerseys, bushel $3.50; Indiana
Nancy Halls, bushel ST. Beans home
grown Stringless bushel SITS; Kentucky
Wonders bushel $3.50; Limas large, pound
zoe. BeetS, dozen, zoe. Carrots. Ohios,
dozen, 35c; Ohio (cut OFFS washed 22-lb.
basket 75c bushel $l.15. Cauliflower
crate SITS. Celery, Michigan medium,
dozen, 40c; jumbo, dozen, Csc; hearts,
bunch, 9Oc- ,Cucumbers, -hothouse, dozen
soc. Kale, bushel. soc. Lettuce, outdoor, IS
Id. basket. 60c. Mangos, bushel 75c. Mint,
dozen, soc. Parsley, dozen, 35c. Peas,
hamper, S2.75. Peppers, red finger, bushel
Csc. Spinach. New Zealand, bushel, 35c;
broadleaf. basket. soc. Tomatoes, outdoor
12-lb. basket, 45c; bushel. ST. so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
ISSUES HIGHER
IN TRADING ON
STOCK MARKET
SiIvers Drop as London
Prices Decline; Rail
Gains Noted.
By United Press

81 IHiLtQ HFfSS
NEW YORK, Oct. 17.-Stocks
were irregularly higher in the late
morning dealings today after an
early rise that embraced the entire
list.
Silvers and some Of the alcohol
shares were lower near noon, while
gains we're noted in rails, chemicals,
amusements, foods and oils. Steels
were mixed and utilities steady.
Trading lightened after an active
opening that brought out blocks
ranging to 5000 shares.
United States Smelling touched
1907, up y points, and then de-
clined to 118 when the price of sill
yer at London declined. Other sill
vers sold off with the leader. The
London silver price declined follow
ing indications from China that that
country might be forced to exchange
its silver for United States gold and
abandon a silver standard.
Such a move would mean reduc-
ton of United States treasury buy
ing of silver in London and might
preclude a rise in price that mining
companies had been hoping for. The
price at New York declined IL cents
to 543s cents a fine ounce.
At noon United States Steel was
at 1875, up Is; Bethlehem. 1885, off
Is; Atchison, 81, up L. National Dis
tilleries, 81, off rs; Spiegel, May,
Stern, 6115, up 212; Standard Oil of
California, 3015, up =, and Allied
Chemical, 1914, up q.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
Other livestock
BY United Press)

g.
R Rh fSp SS1S 5S5 hsf
525 light zig g5ts 196 S lbs so~s GOOD d and
choice, $4.5Oq .25;. light weights, 200
lbs. good az and /. choice, S4.99@ sos; medium
5000 ana choice. S sOa5;75; packing soTs,
saGgRer pgs S Snoice eoSd and
choice. s325@4.50 Cattle-Receipts, 10. :
900 commercial, 1000 government; calves,
steers about steady: comparatively scarce;
better grade yearlings and light steers,
dull prospects, weak to % cents lower;
about Steady; largely light steer run;
early top weighty steers. S9.75; some held
cattle selling above ST; other killing classes
steady to weak; most steers, s6Q8 so;
slaughter cattle and vealers., steers, $50
100 lbs good and choice. S625a g: l 100
1900 500 lbs. good and choice. s7@l0:
al: heifers. 550-750 lbs. good and choice.
s5aS; common and medium. s2.75G5 IS;
dunn. So .65QS.25; low cutter and cutter,
S2M2 IS; bulls tyearlings excluded good
beet S3@4: cutters. common and me-
S6d7; medium. S5d6: Gull and common.
S4G5: Stocker and feeder cattle, Stockers,
05o lbs good and c b
weak To- Is cents lower: most BIDS sgg3
upward; bulk bid S625 or below: sheep,
steady; feeding lambs strong; bulk. feed
ing lambs. s5@5.85; strictly choice absent;
slaughter sheep. and lambs. lambs. 80 lbs.
down. good and choice. S6a $50: common
and medium, SAT go: ewes. 90-15o lbs.
Common and medium, sl5OG1 90, feeding
lambs, 50-75 lbs. good and choice. $3.50
Sc owo wAyE S,eS 0ff lbs TBoss S stssSy bt
$3.50; 10000, lbs: $40: 16o-lSO lbs,
iS S5G s0o 5s s s54f 93o 1880 IBIS 5s ss
81 SASS s. 50. 0SaalvssT;7s7; lambs; S. /,
g25-zs6 l6s., $50; 2so-95o rs, ss5s:
5 3SIR 5 lbs ss4 s95 is 22S2S s lbs: s 5'f ilS
lbs. SIS 80: 1910 lbs. Sis i5O-16O lbs.
S475: I4O-l5O lbs. $3.50; lOO-l4O lbs
& to top ri am I9uss S. few S4.' sS s2sn caves
CBy Times Special
LOUISVILLE. Oct. 17.-Cattle-R Receipts.
$50. demand fairly broad for all classes;
slaughter cattle trading moderately active,
fully steady: bulk common, to medium
4.25: load around 760-lb. heifers. S4.35: odd
head better kinds s5d $50, and strictly
good lightweights quotable higher; bulk
S125G225; sausage bulls 81 rs down; de-
sirable Hereford stock calves quoted. 81 50
Q s. common to medium grade natives So so
q $50. Calves-Receipts. 225. steady: good
to choice vealers. S6d650; medium and
lower grades mostly SIS down. Hogs-Re-
ceipts. 500; mostly steady. except pigs 100
ls5 lbs. s535: 255 los. up s515; ls0-i75
lbs. s475: l40-l55 lbs, s425: l20-i35 lbs,
S3.2S: sows. 81 40. Sheep-Receipts 800,
including so stock ewes; mostly steady.
bulk better lambs s6d6.25: choice eligible
higher; bucks mainly s5G5.25; light throw
outs. $3.50: better fat ews. si.50d2 stock
ewes quotable mostly S6d7 so for better
kinds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
WHEAT PRICES
DROP SLIGHTLY
Commission Houses Rally
to Support of Corn
Futures.

By United Press
CHICAGO, Oct. ia light wave
of taking broke out in the
wheat pit on the Chicago Board of
Trade today and prices held steady
to shade lower.
Wheat started unchanged to q
cent off, corn was y cent lower to
q cent higher, oats were unchanged
to up Is cent, and rye was I'M
changed.
Trade at the start was light with
commission houses and locals rally
ing to the support of corn in the
December and July deliveries. The
trade paid little attention to routine
news developments.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17

of the Chinese government S
new export tax on silver to
check the drain of the metal
into the United States.
The Chinese imposed a 10 per
cent export tax on metal leaving
China in an effort to halt def1ation
within that country caused by the
recent advance in silver prices on
heavy buying by the United States.
AS Chinese money was on silver
standard, rising silver prices caused
a corresponding increase in the
world price of Chinese money, and
in turn made it more difficult for
foreign countries to buy Chinese
goods China's action, Immediately
at least, proved a boomerang, as
silver scared Tuesday to another
new f1ve-year high price.
Results Not Determined
Possible consequences of the tax
could not Immediately be gagged
accurately by American officials. For
the time being, the United States sill
yer purchase program was expected
to proceed as usual.
In some quarters, China'S step was
regarded as tantamount to a deval-
uation of Chinese currency and an
other move in the successive world
wide reduction in currency values.
Many countries, including the United
States, have sought to meet foreign
competition and expand exports
through abandonment of gold stand
ards and cheapening currencies.
If the Chinese government car
ries out its policy of trying to pre-
vent deflation at home by restrict
ing silver imports through success
lively higher export taxes, it was be-
lieved in some quarters that another
world wide currency def1ation might
be started.
1t was pointed out that China
might achieve foreign trade benefits
at the expense of such countries as
Japan which might lead Japan fur
Their to reduce the value of her cur
rency. Corresponding reduction in
other currencies might follow.
Other Reprisals Feared
Such development might touch
off various counter reprisals, it is
felt. American authorities are
studying this possibility in formulat-
ing monetary policy.
The apparent strange manner
which China has used to keep down
the value of her money in the world
markets was explained as caused by
her complicated monetary system.
Most money in China is now sill
yer coin. 1t passes in many cases
as bullion rather than as tokens, "
as is the case in most western coun-
tries. Because of the relatively small
amount of paper money outstand-
ing, it would be difficult to devalue
or reduce the silver content of the
Chinese money.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17

or more has been unusually small,
and investment funds have been
piling up in large quantities despite
the unsatisfactory business condi-
lions.
Brokers in Wall Street have been
contributing their quota to the lack
of investment demand. 1t is known
that in any number of instances
they have advised their clients
against placing their surplus funds
in securities. Taking their cue from
economists and bankers, they have
been instrumental in preventing in
vestor3 from taking on securities
which have been selling at distress
prices. Their motives have been of
the highest, and time alone will tell
whether their judgment was good.
THE chief difficulty underwriters
Il of new securities will have in
taking advantage at an early date
of any sustained improvement in
the market is the length of time re-
quired to prepare an issue for sale.
Preparation of the registration
statement usually takes from four
to six weeks, and after that another
twenty days must elapSe before an
offering can be made under the new
securities act. The banking code
requires underwriters to wait for still
another three days while dealers are
deciding whether or not they will
take the quota offered them.
The restrictions which have been
placed on the underwriters likely will
prove beneficial market influence
rather than otherwise, however. 1t
will give the market chance to get
better under way before it is obliged
to compete with new offerings. In
the past the bankers we're able to
take advantage of a good market
situation on moments notice, and
not infrequently the general market
was Stultified before it had a chance
to get going.
4 T this particular time it is well
L n that new securities be held off
the market. Investors have gone
through such a long siege. of de-
clining and irregular price trends
that they have lost confidence to a
large extent in the market ever
coming back. Moreover, the usual
speculative influence is unlikely to
be felt because of the restrictions
placed upon pool operators, so the
market will need more coddling
than normally.
The underwriters, of course, will
suffer initially because of their in
ability to take advantage of mar
ket situations, but in the long run
they, too. should benefit. The open
market is unlikely to be quite as
tricky as in the past, and the hkeli-
hood of loss on commitments proba-
bly, will not be so great.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
81 PROJECTS GRANTED
Nom Federal AlIOtments TOtaling
$2,S38,7OO Authorized.

By UnitCd Press
WASHINGTON, Oct. 17.-Non-
federal allotments aggregating
$2,838, TOO and covering thirty-one
additional projects have been
authorized by the public works ad-
ministration.
The allotment included: Carter
County, Okla, building, loan and
grant, $4,000; Baltimore county,
Md, school additions, grant, $4,000;
Berkeley, Cal, schools, grant, $228,-
900; New York City, fire station, loan
and grant, 100000; New York City,
school, loan and grant, $4,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
10 RAILROAD FIRMS
PAY LOANS IN FULL
Fifty Three Companies Borrow TO
Meet Interest Obligations.
The three men are

BIZ United Press
WASHINGTON, Oct. 17-Thir-
teen of the fifty-three railroads
which obtained loans from the Rail-
road Credit Corporation to meet
fixed interest obligations have paid
back what they borrowed in full,
it was announced today.
The corporations lent S73,691 1856
to the fifty-three railroads. of which
Sl6.287.947 has been paid back.
Thirteen roads paid S4.2S2 ,3l8 in
full.
The corporation. financed through
a pOd of cooperating roads, is
holding its third annual meeting
here. E. c.. auckland. president.
said affairs of the corporation are
being hquidated AS rapidly as
conditions permit"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17

would have no
difficulty in dis
posing of it.
S e p t e m b e r
financing was be-
low normal, the
total of new is
sues amounting to
only $17,187,0 900.
Of that 100000
900 was for re-
funding purposes.
AS a matter of
fact, the amount
of new financing
F1H Tho loeh ryOn~
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
INTEREST MOUNTS IN
BOSTON WOOL MART
Sales of Fair Quantities and Finer
Territory Grades Reported.

BIZ JHiftd Press
BOSTON, Oct. 17.-Greater inter-
est is being shown by buyers in the
Boston wool market and sentiment
is becoming more hopeful. accord
ing 10 report of the United States
agriculture department.
Sales Of fair quantities of Gas and
finer territory woods have been re-
ported. Occasional sales Of strictly
eombing Ohio Delaine have been
made at % cents or around 6SG7l
cents. secured basis.
Sales of SIS. Cos. = blood. cloth
ing woods. have been closed at 24q
IS cents. grease basis. and ASS, sos,
L blood. clothing woods. have been
moved at 24G26 cents. grease basis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
STERLING PLANT WILL
OPERATE FULL FORCE
approximately 500 to Be Employed
Under New Schedule.

bN tnltN = pcCluA
KOKOMO. Oct l7.-Flll opera
lions OF the Sterling plant Of the
Reliance Manufacturing Company.
will be resumed Immediately, &C
cording to Carl Lewis. manager.
Under the new schedule the num-
Der of employees at the plant will be
increased 10 approximately eight
hundred. as compared with two hun
dred workers in the last few weeks.
II was reported.
Operations OF the company's plant
in Michigan City also will be in
creased. Mr.. Lewis stated Additions
will be made TO the Kokomo force
as rapidly as the materials can be
cut.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
Wall Street
BY RALPH HENDERSHOT-
Times Special Writer.

NEW YORK, Oct. 17.-With the
y improvement in the market
during the last few days and the
generally more optimistic attitude
toward the outlook in the financial
district and elsewhere, underwriting
houses have begun giving serious
thought to the sale of new securities.
Severalewere OF the opinion that If
they had something to sell they
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
DIVIDEND is DECLARED

CHICAGO, Oct. 1.-THE Mime
apoliS Honeywell Regulator Com
pany has declared dividend Of so
cents share in addition to the reg
ular quarterly payment of so cents.
Both are payable Nov. IS, Of record
Nov. 3.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
RUBBER OUTPUT DROPS

By imeS Special
CHICAGO, Oct 17.-Consumption
of rubber by manufacturers in the
United States during September
amounted to 30,352 long tons, de-
crease of 80 per cent from the Au-
gust total of 1890 tons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
GROSS REVENUES DECLINE
By Times Special

CHICAGO, Oct. 1.-THE Quebec
Power Company and subsidiaries
during the first nine months of the
current year ended Sept. 30 re-
ported gross revenue at S2,646,577
as compared with s2,856,745 in the
same period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
Treasury Statement
(By United Press

WASHINGTON. Oct. 17-Government
expenses and receipts for the current fiscal
year to Oct. Is. compared with the cor
responding period of the previous fiscal
year:
This Year. Last Year
Expenses 1923. 1896, 679 90 S11284 21 1872 81
Receipts. Yl,121. 1868 1851 854, 518, $50. %
Deficit 80. TOT, 033 1925 30 273 902 6O2 So
Cas- hBal. 2048, $50 617.77
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
RebriSaLS Against Z. S.
Money Policy Feared as
Result of China.S Tax
Possibility Of Foreign Action Aimed at American Silver
Program Studied by Government Officials;
Consequences Unknown.
BY RICHARD L. GRIDLEY
United Press stan Correspondent

WASHINGTON, Oct. 17.-Possbilty of further foreign
reprsa against American monetary policy studied by
government officials today analysis of the consequences
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
FINANCIAL DATA

During the twelve months ended
June 80, the funded debt decreased
about SO 100000. Cash and securi-
ties gained S8.200,000, inventories
were up more than S1,300000 and
net working capital gained $780,
900. SURPRISES gained Sl3000,0O0.
The current ratio, as of June 30,
was nearly to l and the book value
of the common stock was S10.38, a
gain of 90 cents in the twelve
months period.
Earnings were cut sharply dur
ing the depression years with IA
cent deficit in 1882. Earnings were
So cents in 1888 and in the first six
months of this year they jumped to
81 cents on the common stock.
The company has maintained a
liberal dividend policy No dividends,
however. were paid in 1882 or 1888,
but so far this year two 10-cent and
one 15-cent dividends have been
paid. The common stock, therefore,
now can be considered on a 60-cent
annual dividend basis.
International Nickel Company
was incorporated in 1916 in Canada.
Stock is listed on the New York,
Montreal and London Stock Ex-
changes. AT price OF around Is
it sells to yield nearly 2i5 per cent.
tAu Right Reserved winchester Institute
OF Finance. winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-17
INITIATION PRICE
IN COMMODITIES
APPEARS FIXED
Dollar Wheat and 12-Cent
Cotton Hold Despite
Money Talk.
BIZ Times Special

~ imcs Special
NEW YORK, Oct. 17.-Dollar
wheat and 12-cent cotton stand
exposed as inflated values in the
light Of futures market reactions
following the two recent statements
from Washington on the subject Of
monetary policy. traders in the two
leading farm products conducted.
Near delivery cotton stood around
1894 cents a pound a week ago and
was still showing distinct signs of
eaSineSS just previous to the White
House statement urging the neces<
Sity Of higher prices. 1t bounded up
sharply in the next two days of
trading and resumed the decline on
Columbus day Washington stories
denying administration aims for
further money devaluation.
Wheat was in the nineties" be-
fore the first statement, to 3 cents
over 81 bushel Immediately after
ward. then back under 81 after the
second pronouncement from the
capital city.