davidaulloa/AmericanStories huggingface dataset:
Nogales international., 1934-12-22
WHERE TEACHERS WILL
SPEND THE HOLIDAYS
e.Y##FeH

Among teachers taking advantage
of the two-week vacation period
granted by the school board this
year, to visit. out of town are the
following:
Miss Edith Ward will spend the
holidays at her home In E Reno.
Oklahoma.
Miss Sarah walker will be a
member of her family celebration in
Tempe. !
Miss Emily Wright will motor to
Btsbse to stay until after the first
OF the year.
Miss Mary Hand win spend
Christmas with her mother in
WinMeman.
Mrs. Fay Perkins IS enjoying her
vacation period In Los Angeles.
Mrs. Nancy Lohn will travel to
Crab Orchard. Kentucky, to see her
baby daughter and her parents.
Ada Oklahoma. is the destination
OF Mrs. Celma Walker for Christ
mas.
Mrs. F. J. Trimer departed yes
terday for Ft. Sumner, New Mexico.
to join her husband and young son.
who have been there since fall.
Miss Ruth Mckinney has left for
her home in CORTLAND for the next
two weeks.
The Old Pueblo will claim Miss
Jerry Brown for the holiday season.
In point Of distance, none of the
teaching force viii travel farther
for celebrating Christmas than Miss
Lydia Pothoff, who will visit In St.
Paul during the two weeks.
| Miss Ruth Gatltn, Mrs. Polly
Frazief, Miss Edith Jones and Miss
Pearl Marleau are among those
spending the holidays with friends
and relatives here.
Nogales international., 1934-12-22
HOUSE PARTY

The seasons spirit will reign SUI
preme at the home of Mr.. and Mrs.
A ]. Abbott on the Patagonia road
Christmas evening, when they Will
be hosts to members Of their house
party and outside guests as well at
a dinner party Among those seated
around the festive board will be
Mrs. Fanny Ford, of Los Angeles.
Mr.. and Mrs. Raymond C.. johnson
and children, Carolyn and Eleanor,
Mr.. and Mrs. Ralph Moery, Mr..
and Mrs. Harry Wilson and Harry,
Jr.. Mr.. AL Helms, Mr.. and Mrs.
G. E. Bells, Mr.. and Mrs. Abbott.
Miss Barbara Pidgeon expects to
snend a white Christmas In the
northern part Of the state, when she
visits Winslow and Leupp.
%*s*a**
Mr.. and Mrs. Loyde Edmonson
and family have recovered from
their recent illnesses and expect to
celebrate Christmas with Mrs. Ed
monson's parents, Mr.. and Mrs. A.
T. Carson. who are expected to ar
rive from Globe Monday.
#am&*$#
At their regular meeting Thurs
day night, the Rainbow Girls. al
ter the conclusion of business. en-
loved Christians party. Gifts were
exchanged and refreshments were
served.
Nogales international., 1934-12-22

who have come to hang their
stockings by the family hearth.
Churches and schools are celebrat-
ing this holiest of days in fitting
fashion, and fraternal and philan-
thropic organizations have been for
the past several days busying them
selves for the dispensation of bas-
kets and gifts to the needy.
*a*s***
Collector of Customs and Mrs.
Frank Duffy will welcome members
OF their family on Christmas Day
at their ranch home on the Pata-
gonia Highway. Besides Mr.. and
Mrs. James Robins and daughter,
Virginia Ann,, Mr.. and Mrs. Fran
ces Duffy of Phoenix will be able
to attend the family celebration
this year.
*****#&
Holiday guests of Mr.. and Mrs.
Fred Hannah will be Mr.. ana MIS-.
Herbert Wood and children, Sonny,
Margaret, and John. Doris Hannah
will be home today from the Uni
versity of Arizona for the holiday
season.
#"#**##
Jack Medlen arrived last night
from Tucson, where he is student
at the university, to spend Christ
mas with Mr.. and Mrs. Herman
Medlen.
#*M#%**
Miss Betty Coburn, of Tempe was
q guest last weekend of Miss Mary
Hand.
*&##*#*
Mr.. and Mrs. James Garrett OF
Tubac motored to Los Angeles this
weekend, to visit Mrs. Garrert'S
parents until after New Year.
Nogales international., 1934-12-22
AT DINNER

Mr. and Mrs. William Simor1ton
are entertaining at dinner Christ
mas Day at their residence on 20
trero. Among those present Will De
Mr. and Mrs. I. Burgoon, Miss Mary
S,monton and friend, William
Simonton and the host and hostess.
M*A#$&*&*s**
Mrs. Harry r. Renshaw and
daughter, Miss Henrietta. will spend
the holidays visiting Lieut.. Harry
Moon Renshaw at Galveston, Texas.
&.*##*#******
Miss Mary Chitwood of Miami,
former Nogales teacher. is to be the
holiday guest of Mr.. and Mrs. Har-
ry T. Conner.
Mrs. Fanny Ford of Los Angeles
arrived the early part Of the week
to visit her daughter, Mrs. A. j.
Abbott.
Tempe will claim for the holidays
Miss Margaret McLain, while Miss
es Katherine Dayton and Frances
Anderson will visit their homes IN
Mesa.
s&&a***
Mr.. and Mrs. Syke Marsland VIII
spend Christmas day in Tucson.
@******
Among teachers leaving last eve
ming to spend the two weeks holiday
vacation at their homes were: Miss
Edith Ward and Celma Walker, to
Oklahoma; and Mrs. Nancy Lohn
to Kentucky.
&***Ak&&**#&*
Mrs. j. C. Tovrea, Mrs. Arthur
Borne and Mrs. Craig Pottinger
were visitors in Tucson Monday.
Mrs. Elizabeth Wuerschmidt was
O visitor in Tucson Saturday.
Mrs. Victor j. Wager motored tc
Tucson Saturday.
Nogales international., 1934-12-22
FAMILY PARTY
&&*****

A happy family party will be held
at the Chatham home, when Mrs.
Lillian Chatham will have as guests
Mr.. and Mrs. Frank Holt and child
rem, Nan, Jean and Tommy Of Los
Gatos, Mr.. Jesse Chatham OF Los
Mochis, Mr.. and Mrs. Kibbe and
daughter. Pet, Mr. and Mrs. Her
bert Chatham and children. Lillian
and Buddy. Mr.. and Mrs. Holt will
bring with them as a house guest
the coach of the Polytechnic high
at Los Gatos.
*&*****
The Crawford Street Bridge Club
met Wednesday of this week with
Mrs. Florence Gustetter at her home
on Crawford street.
**#*&*&
Miss Frances Burlinson will be
hostess to few friends at bridge
luncheon at her home on Ellis
street this afternoon.
H*#*#4*
Nogales international., 1934-12-22
HOLIDAYS ON COAST

Mr.. and Mrs. E., K. Cumming de-
parted Wednesday afternoon by mo-
tor for Los Angeles, where they
listed until today, when they will
travel on to Watsonyille, California,
to be holiday guests of Mr.. and
Mrs. william Cumming and family.
&&*%%e*
Miss Margaret Bibolet will enjoy
5he holidays with her family on
Hudgin' street. She returned home
from the university yesterday.
aHH%&sA
BANQUET DANCE
&&%+&%h
The Southern Crusaders gave q
banquet for members Sunday eve
ming in the X. OF G. hall. An in
vitational dance followed the ban
quet. ..
The banquet and dance were Civ
en- to celebrate the Crusaders an
niversary.
Nogales international., 1934-12-22
RETURNS TO IDAHO

Mrs. Vincent Williams, Fion-
nua1a O'DcnnelD, left Monday for
her home in Pocatello, Idaho, after
visiting her parents, MIR. and Mrs.
John CDonnell, the past two
months.
Nogales international., 1934-12-22
SOCIETY
CHRISTMAS TIME
(By Mrs. E. 8. Edmonson)
H%x&*%

Christmas time-the Home time
the Heart Incorporates to bring
about reunions and gay gatherings
in our Border City. Many plan to
leave for various sections CT the
country to be with their families
and friends, while the past week
has seen an influx of Nogalians
Nogales international., 1934-12-22
AT KARNs HOME

The Karns home will present a
happy aspect Christmas when the
family gathers for it's customary
celebration Besides Mr.. and Mrs.
Karns there will be jeanne and Joe
Cumming, Mr. and Mrs. l. Shan
non, Mrs. Bruce Fenton and Miss
Blanch O'Bar.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
SECURITY ACT
IS EXPLAINED
Federal Law Made Subject
of New Volume by
Authorities.

By Times Special
NEW YORK, Oct. 10-A thor
ough analysis of the 1884 amend
ments to the federal securities
act leads definitely to the con-
clusion that they have removed the
bar to the marketing of legitimate
securities by large and small bust
nesses.
This is the opinion of ]. K. LASER,
c. P. A., and j. A. Gerard, member
of the Bar of the District of Colum-
bia, whose book, Federal Securities
Act Procedure" appears today.
While much has been written in
criticism of the act, the authors
take the stand that it is piece of
permanent legislation, which, under
the rational administration that it
will undoubtedly receive from the
securities and exchange commission,
will be a workable mechanism.
The 1884 amendments, according
to the authors, sufficiently liberalize
the punitive provisions to permit
freedom of action, without removing
the penalties provided by the origi-
nal act designed to compel proper
disclosures to investors by officers,
directors, attorneys and others con-
nected with the issuing of Securi-
ties.
The limitations of the law and its
present enforcement are at least
four fold First, it is fallacious to
assume that registration of a Sc
curity with the securities and ex-
change commission is an indication
that the merits of the issue have
been approved, or that the con-
tents of the registration statement
are accurate.
Second, Messrs. LASER and Ger
ardi direct attention to the fact that
the act in no way limits the prac-
tees of high pressure door to door
peddling of securities that are dis
tributed without the use of the in
struments of interstate commerce.
A4u4A d vel CO1lo1OS1 dUlG pOI G1O11
of the volume is devoted to the dis
cuSSion of the securities and trans
actions which are excluded from
compliance with the* act. These, it
is explained, are now, as heretofore,
relegated to the supervision of local
officials and governmental commits
sions, whose activities in the years
preceding the 1929 debauch, thor
oughly demonstrated their inability
or unwillingness to curtail the per-
petration of frauds.
Lastly, the authors emphasize the
practical limitations of the act by
reason of the bulk of the registra-
ton statements required by the law,
and the technical character of the
data contained in them.
Federal Securities Act Proceed
ure" is published by the McGraw-
Hill Book Company, New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Other livestock


CHICAGO. Oct Hogs-lsOoo. includ
ing 5000 directs: slow. lOg l5c lower
IN ssa5 Ge' 1920 q lbs $50 81 o light
s525G $50: light lights, l4o-f6O lbs, good
lbs good and choice. IS 4Om 35 medium
weights. 200-250 lbs good and choice, S6M
625; heavy weights. 250-350 lbs; good
and choice S6M6.25. packing sows. 275-500
lbs. medium and choice. S425M5.6O;
slaughter. Pigs: l9o-lSo lbs good :, a nod
commercial. 500 government, Calves-Re-
ccipts. 1000 commercial. 500 government.
Generally steady trade but slow, better
grade fed steers and yearlings predomln-
ating in run: few early sales on shipper
accounts strong but hardly enough done
10 make market. early top 50. but load
or so held around SO; other killing classes
mostly steady; practical top sausage bulls:
50 IS; most fat cows S3m4 vealers, 81
lie and vealers: Steers 55O-9OO lbs. good
and choice. $3.50 8.l5; COOL. 100 lbs.
good and choice, S625@ Is: 100 900
lbs, good and choice So 500 10 p; 800
500 lbs, good and choice. S7sI l025; $50
300 lbs. common and medium. 81 15H
rs: heifers. 55O-75O lbs. good and choice.
SIS; cows. good 50 25W5; common and
medium. 50 65H32 IS; low cutter and cut
good beef. S3M4: cutter. common and
medium. . S2@ 3 p; yeaIers,. 5000 %. ana ana
and common. S4M5; stocker and feeder
cattle. Steers, 550-l050 lbs. good and
choice s425d rs: common and medium
S275M425. Sheep-Receipts. 5000 COM
mercial, no government; indications gen.
orally steady: best native lambs held
above S675 bulk bid under $3.50. slaugh-
ter ewes. 81 .5oG ? IS; several loads, me
dunn to good feeding lambs, $3.50 down;
scattered SO-45 10 weights at s3N450:
choice held above Sc: slaughter sheep and
lambs Lambs 90 lbs. down, good and
choice. S6i50 SIS: common and medium;
s5M625: ewes 9O-150 lbs. good and
. choice sl65s a. so. all weights. common
and medium. 81 SOAP: feeding lambs. So
rs lbs. good and choice. S5.35N $40.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Produce Markets

Delivered in Indianapolis prices: Heavy
hens 12c; Leghorn hens, &c; colored
springers, Ia lbs. and over, lie. Leg
horn springers &C; old ROSTERS. Sc: ducks.
guineas. 15c; No. l strictly fresh coun-
try run eggs. loss off l9c. Each full case
must weigh SIS lbs. gross; a deduction of
10 cents pound for each pound under SIS
Butterfat. 23c. quoted by the Wadley
Company.
tBy United Press
CHICAGO. Oct. -Eggs-Market. un-
settled; receipts 1925 cases; extra firSts,
2294c fresh graded firsts 22i4c: current re-
2 l6c; CHECKS No. /. l6lac: No. 2, 14c;
tubs; extra flrsts t90-9ll2 scorel 23l2 n
24c; extras l92 scorel. 24r4c; firsts 49,
S Scores score 92c 22 2is ec9nai
ards. 24c Poultry-Market strong: re-
ceipts cars, 80 trucks. car due. Geese,
9 lie; turkeys, l3d l5c; old BOOSTERS, lie;
ducks heavy old white. 13i2c; heavy white
hens. heavy l6c; light ISiac: guinea hens
S4d7 a dozen. Cheese-Twins 12A a
i2isc; daisies. l29, a I3c; Longhorns, 1888
GlSc: Potatoes-Supply moderate; de-
manf AND Tadns R6 mOdera Wi market
Cobblers. S5q90c; Idaho Russets 81 40@
l.55, combination grade Sl.l5M Us show
ing slight decay 90 cents; Colorado Nc
Clures. s1.70a172iz. Arrivals 70. on track
255. shipments 643.
CLEVELAND. Oct o.-Butter-Market
steady: extras. 2sisc; standards, 2sc. Eggs
Market steady: extra white, 2ee; cur
rent receipts. 22c; pullets. 18c. Poultry
Market. weak; fowl colored, a. lbs and
up. lie: broilers. colored lbs. and up
sil5Gi2O a loO-lb bag: Pennsylvania, 81
a l00-ib. bag: Idaho. Sl.75 a l00-lb. bag
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
PRICES RALLY
AFTER OPENING
ON BIG BOARD
Issues Sell | to 3 Points
Above Yesterdays
Close.

By United Prcss
NEW YORK, Oct. l0.-The stock
market rallied today after an irregu-
lar opening. At noon prices were
fractions to more than 3 points
above the previous close with gains
in all sections.
The greatest interest was in low
priced mercantile issues, several Of
which made new highs for the year
Continental Can made a new 1894
top at 88h, up IA. when directors
declared a dividend OF 90 cents in
cluding a proposed so per cent stock
dividend. The present dividend is
equivalent to 80 cents a share on
the old basis. against a previous rate
Of IS cents quarterly.
Westinghouse Air Brake reached
3 up 81 and Ned York Air Brake
l7+t up 3 = points.
Steels rallied with United States
Steel up u at &c.,. Chrysler
gained more than a point in the mo-
tors. Gold Miners rallied. Tobac-
cos we're higher, with American B
stock up 2 points at 70. Atchison
rose more than a point in a firm
railroad group. Consolidated Gas
was up nearly a point at 275s in
the utilities. Gains of 1 to more
than 2 points were noted in such
mercantile issues as Spiegel, May,
Stern; Montgomery Ward, McCrory
Stores, National Bellas Hess pre-
ferred and Sears Roebuck.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
On Commission ROU

prices being offered to buyers BY local
commission dealers.
FRUITS-Cranberries Cape Cod early
blacks, 25-lb. box, s2.75. Grapes. Michigan
Concords. 4-qt. basket. 18c; 12-qt. basket,
40c. California seedless, 27-lb. box, 50 10.
Crabapples Michigan hvslops. bushel. S1.85.
Persimmons. Indiana. IL OTIS, 90c Pears.
New York Bartletts. bushel. $3.50. Avaca-
dos. box. $3.50. Ounces bushel S2.75. Ba-
nanas, pound, SAC; plneapples, crate, IS.
size 30.
yEGETABLES-Cabbag Northern DAN
ish 50-lb. bag. Use: red. bushel. S1.10.
Onions. Idaho sweet Spanish. large, 50-lb.
Iee.lb. 1 bag zoe; white boilers, lob. bag.
homegrown picking lob. bag, 75c. .Po-
tatoes, New JERSEY Cobblers. l00-lb. bag,
$50; Northern round white 100-lb. bag.
Sl.25; Ohos. 100-lb. bag. sl.55; Idaho
Russets, 100-lb. bag S2.l0. Sweet potatoes.
Indiana Jerseys. bushel, $40 Indiana
Nancy Halls, bushel. 81. Beans. home
grown. stringless. bushel $50: Kentucky
wonders: bushel; 81; Limas, large. pound.
dozen, 35c: Ohio tcut offsl. washed, 22-lb
crate. 81 IS. Celery. Michigan, MEDIUM.
dozen. 4oc: Jumbo. dozen, 65c; hearts.
bunch. GOO. Cucumbers. dollhouse. dozen.
90c. Endive. dozen, 40c. Egg plant, dozen.
75c Kale. bushel. soc. Lettuce. outdoor Is
b. basket, t60c. Mangos. bushel. s5c. Mint.
dozen. S2.I5, Parsley, dozen. 35c. Peas.
SIS; 5-lb. basket. soc. Radishes, 2 dozen,
CSC. Spinach. New Zealand bushel. .35c;
broadleaf> basket. Soc. Tomatoes. outdoor.
12-lb. basket soc: bushel $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Other livestock
fBy United Press


FIT WAYNE, Oct. 1O.-Hogs-25c lower;
250-300 lbs, S6.15; 200-250 lbs, Sc; 10000
lbs. $3.50; 160-180 lbs, $3.50; 300-350 lbs.
$500; 150-160 lbs. SIS; 140-150 lbs, s4.75;
l30-140 lbs, S4.25; 120-130 lbs, $3.50; 100
100 lbs. s2.75; roughs, s425; stays, S2.75.
Calves. So; lambs. S6.25.
LAFAYETTE. Oct 10-Hogs-M Market. 10
n 15c lower; 225-275 lbs, s6.1006.15. 275-
325 lbs. SIS 9066.05; 20O-225 lbs. s6O5d
6.10: 10000 lbs. s5.90N6; 160-180 lbs
S5.70M $50; pigs, $50 down; roughs, IS
down; calves, steady; 81 down; few $780,
lambs, steady; $3.50 down.
(By Times Special)
LOUISVILLE. Oct. o-Cattle-Com-
supply; quality plain; market generally
heifers, $3G4; few to $40, and strictly
good baby beef type yearlings quotable up
ward from Sc; bulk beef cows. S250d3
low cutters and cutters, s225 most saus-
age bulls, SITS down; few higher desir-
able Hereford stock calves quoted 81 son
5; common to medium grade natives $3.50
m350; calves. commercial $50. vealers
steady; bulk better grades s6.5067; me-
dunn and lower grades, Sc down. Hogs
Receipts, $50; market 15c lower top and
bulk. 200-250 lbs. $40; l80-l35 lbs. IS s.:
255 lbs. up s565 l60-175 lbs s525; 140-
1855 lbs s475; 12O-135 lbs. 1925 sows,
$500. Sheep-Receipts. 300. generally
steady: bulk better lambs, s60625; choice
eligible higher: bucks mostly s54525:
light throwouts, $50; better fat ewes,
sI.50M2; desirable stock ewes salable most
" s6d7 a head.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
COMMON STOCK INDEX
HIGHER DURING WEEK
Average of Non-Leverage Issues
Placed at 1856.
b Timrs Npccinl


NEW YORK, Oct. 10.-The invest
ment companies common stock in
dex moved higher with the general
market during the past week, as
evidenced by the averages compiled
by Distributors Group. Incorporated.
The average for the common stocks
of ten leading management COM
panies, influenced by the leverage
factor, stood at 11.43 as of the close
Oct. 5, compared with 11.41 Sept. %.
The average of the non-leverage
stocks stood at 1896 as of the close
Oct. 5, compared with 1888 at the
close on Sept. %. The average of
the mutual funds closed at 1910
compared with l0.l4 az the close of
the previous week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
POLICY LIENS ASKED
BY BANKERS LIFE co.
Voluntary Levy of 50 Per Cent of
Reserves Proposed.
RuTime. Special

oN a tHNft EtAAuA
CHICAGO. Oct. 10.-The American
Bankers Life Insurance Company of
Chicago, with executive offices at
Jacksonville. Ill, has asked its pol
icy holders TO accept a voluntary
lien of so per cent upon their re-
serves under their policies.
This action is necessary. the COM
pany states. in order 10 write down
its liabilities 10 conform to a re-
valuation OF its assets by the Illi-
nois insurance department.
Under the proposed plan the pol
icy holder will not be required 10
pay interest on the lien. and in the
event Of the maturity Of the policy,
either as a death claim or as an en-
dowment, the amount Of the lien
will not be deducted from the face
OF the policy in making payment TO
the beneficiary or TO the insured.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10

makes them we'll worthy of cOnSid-
Grafton. He is much more interest
ed, for instance, in maintaining the
purchasing power and debt paying
power of the dollar than he is in its
gold content. He feels that gold can
serve its best purpose by being held
by the government for use in meet
ing international trade balances.
He proposes that the central bank
board be under legislative mandate
to maintain the purchasing power
of the dollar, and he is convinced
that this mandate can be lived up to
by regulating the supply of money.
He would, of course, include credit
as money for, he claims, bank
checks, representing credit in large
measure, have come to be regarded
as legal tender.
A CCORDING to the senator, de-
n preSsions and booms are caused
by the unbalancing of supply and
demand for money and credit. When
the demand for money becomes
greater than the supply its value or
purchasing power increases, due to
its scarcity. This increase causes
prices to decline, which, in turn
causes huge losses of money and
unemployment. To carry the the
DRY step further, these money
losses and unemployment cause a
breakdown in commerce by depriv-
ing prospective purchasers Of their
ability to buy, and producers of
their ability to produce.
But when money and credit is in
over-supply and it is used too freely
for speculative purposes this au-
thority would contract the supply,
In that way he would halt the
boomS, which have such disastrous
| after effects. In other words, the
legislative mandate would work in
both directions.
THE senator would have the CEN
Il trail banks board regulate the
supply of money and credit by oper-
ationS in the government bond mar
ket. When money is too plentiful
he would have them sell bonds, and
when, it was too scarce he would
have them buy bonds. To lift the
country out of the present depres-
sion he would buy in all govern
ment bonds in order to force money
out on the market rapidly. Banks
would be obliged to find employ
ment for the huge amount of sur
plus funds and money rates would
drop proportionately. in his estima-
ton.
He would not retire these bonds,
however. He would hold them in
the vaults of the central bank,
where they would be handy for re-
sale in the event prices rose too
sharply and speculation became ex-
cessive. The central bank envi-
stoned by Mr.. Owen would not in
terfere with private banking oper-
ations. Neither would it destroy the
federal reserve banking system. 1t
would take over the operations of
the federal reserve board and con-
tinue on from there. The 1926 price
level would be regarded as the
proper basis for establishing the
purchasing power of the dollar.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
BUSINESS FAILURES
CLIMB DURING WEEK
Dun g. Bradstreet Reports Total
Defaults at 248.
By Times Speciat

BIZ Times Spectdt
NEW YORK, Oct. 10.-Business
failures reported in the United
States during the past week amount
ed to 248, as compared with 203 in
the preceding week, according to
Dun e. Bradstreet, Inc.
The increase in defaults during
the week was noticed mostly in the
west and south. The number, how
ever, was slightly higher in the east.
while slight reduction was evi-
dent in the Pacific coast states.
Failures where the liabilities in
each instance amounted to $1,000
and over numbered Isl, against lit
in the preceding week. The number
of inSolvencies for the Dominion OF
Canada was twenty-nine, as COM
pared with twenty-six in the pre-
vious week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10

Discovery of lost" paragraph in
the amended oil code recently was
made by Solicitor j. Crawford
Biggs at Washington.
Not until Mr.. Biggs filed a men,
orandum in the United States SUI
preme court on the east Texas cases
attacking the NRA's constitutional
ity, did even the industry learn it
had been operating for more than a
year under a code with a large legal
loophole. Mr.. Biggs is investigating.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Wall Street
by RALPH HENDERSHOT-
Times Special Writer.

NEW YORK, Oct. 10.-Ex- Sen
4 ator Robert L. owen, father Of
the federal reserve system, and a
diligent student of money for the
past forty years, has swung into the
fight for central bank in this
country. He desires a central bank
because he believes that only
through such an institution will the