davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
$100,00O,0 Farm Loans
Available to Four States
Louisville Association Fills
42,298 Applications
in Year.
By Times Special

bU I1nteS special
LOUISVILLE, KY, June 7.-Loans
approaching S100,000,000 total
were made available to farmers of
Ohio, Indiana, Kentucky and Ten
nessee and to their marketing and
credit organizations by units of the
farm credit administration of Louis
vile during the past twelve months,
officials of the administration an
nounced today after computing
totals Of the first years business
under the unified management of
the agricultural lending agencies as
provided by executive order of
President Roosevelt and in effect
since May 81, 1888.
During this first year the total
credit extended to the agriculture of
our four states served from Louisville
reached the total of 500, 457 1885,"
stated Ernest Rice, general agent of
the farm credit administration of
Louisville.
Taking no account of the large
volume of farm mortgage loan ap-
plications on hand and in different
stages Of handling, the land loans
actually closed during this period
by the Federal Land Bank of Louis
vile number 1904 and total $751;
725,2O0. Acting as agent of the land
bank commissioner during the year
we also closed 24,204 commissioner
loans totaling $35,548,90O, or alto
gether completed 1929 land mort
gage loans for 1,274, 100.
Loans made and notes discounted
by the Federal intermediate Credit
Bank of Louisville during the year
following May 81, 1888, totaled $6,-
069,756, serving directly or indirectly
$500 farmers of our four states.
Notes issued by $3.50 farmers to
the forty-four credit associations of
these states were discounted for those
associations in the sum of 1851 $40;
the notes of 6,487 farmers held by
agricultural credit institutions, and
discounted by the Federal Inter-
mediate Credit Bank, amounted to
$3,682911, while loans aggregating
$2,355, 225 were granted to farmers
cooperative associations in which
28,929 farmers held membership.
1.-THE Louisville Bank for Co.
operatives, organized in January
and not really functioning until
March, has granted loans amounting
to over $314,000 to farmers CO.
operative associations. These loans
were for the purpose of consolidat-
ing and paying outstanding indebt-
edness of the several associations,
and to provide working capital or
effective merchandising capital in
day to day operations.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Other Livestock
(By United Press

f S5 5pn} 5000 a5ss;
n ba lHS sgher 6 than ysSerSay 95O Ss
ss5oG$75 1880 OF lbs, $3lo@s5oo l iSft
lights, $40 down; pigs below, $2.25: pack
q6 sC largely so6d eSae: light 81 oI ght
light Weight 10000 lbs, good and iO choice
S299@S.6o medium weights; 2oo-250 lbs,
5000 81 lbs: good q anS eSoice ss5SSss5;
Choice, $500 rs: Slaughter pigs, ioo-
5sG sHGa 76 o CAVES caves $780, good
lower on top of similar decline. late yes.
value to sell now at $7.25 upward; some
bids fully SOC under actual sales Mon
day. lover ade steers steady to
grade and most butcher heifers ana cut:
Slaughter cattle and Yeealers@steers $50
800 lbs, good and choice. $5;509s25; 300
is SS TBS lbs s0G ana ana Hd0G Choice $Ss6dS
1901 500 lbs. good and choice, 81 Esq 10;
be 5S 55o95o anf b5 rood
choice s5Gs.5O; common and medium,
s2 nd sd gOd SSSO iox Cutter a0d
ciuded. good. beef. So $50 5o cutter, com:
mon snd medium s2@S; yesaleTsa COED cSl
AND and COMM Common s4q ss stoSEer and
feeder cattle-Steers 550-1.050 lbs. good
and choice, s4@5. so; common and medium,
spring lambs and yearlings: Csc to soc
lower; most. bids desirable native spring
ers. $3.50 down: best held above sS.75;
early. Asking steady on sheep. Slaughter
sheep and lambs--Spring, lambs, good and
choice, $7,5o@8.s5; medium, Sc 25@7 80;
2; al weights. common and medium, 75c@
LAFAYETTE, June 7.InHogss1oIMdarsseett. 10
lbs, $s.{5G3.55; 1so-2o0 lbs, sssO@s 40:
gS5o; 1so-i4o lbs, s1;75@2: 10000 us.
81; spring lambs. $75O@S.
higher Ell y ssosg5 lS Suns sSSSa50
$3.50; 10000 lbs, $3.50; l6o71sO lbs. $325;
i I9 SS Ds s2 Isoo 49, OS sS
lbs. 81 90; l0O-120 lbs, $165; roughs. So rs
@2'5O; stays, ST. Calves. S45o; lambs. So.
tBy Times Speciall
LOUISVILLE. June 7.-Cattle-R Receipts,
200; including SO direct; slaughter cattle
q IN sbl Sg aboS qg aead very ak pe
medium grassy steers and heifers $3.50
ATS: cutter grades down to So OF. less;
s siTS1S S. Bulk d Gee coW sa55a best
dryfeds quotable to $3.50; low cutters and
cutters, S1M2; bulk sausage bulls, Sou
down. best heavy kinds eligible higher;
bulk light Hereford stockers, S4@4.25; COM
mon to inferior natives down to around
81. Calves-Receipts, 275; steady; bulk
81 down; few strictly choice higher. Hogs
Receipts. 1000; market, unevenly steady
from 185 lbs. up; 185-275 lbs, $40; 275
lbs. up, 81: 160-185 lbs, So; 145-160 lbs.
$2.65; l20-145 lbs, Sits; no outlet for
weights from 100-120 lbs sows, ST. IS. Sheep
Receipts, 1000; run light; market,
steady; bulk better trucked in eve and
wether spring lambs. $8.25; most choice
@875 bucks discounted 81 per cwt.; me-
dunn and lower grade springers. Sc down
fat ewes mostly $162; best lightweights
higher
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
STOCK MARKET
UNSETTLED ON
STRIKE THREAT
Heavy Profit Taking Forces
Values IrreguIarIy
Lower.
By United Press

D0 CHtG6U HTBSS
NEW YORK, June 7.-Menace of
a steel strike unsettled the stock
market at the opening today. Prices
were irregularly lower with volume
small.
United States Steel common stock
open at 1875, off q, and later
extended its loss The preferred
opened unchanged at SO and then
declined. National Steel, Youngs-
town Sheet and Tube and A. M.
Byers were down fractionally.
Oil shares, favorites in yester-
days market, ran into profit taking
in fairly heavy volume. Alnerada
dipped to 549s, off q, and SIM
liar loss was noted in Petroleum
Corporation at 1913. Smaller de-
clines were made by several others
OF the group. Later Petroleum
Corporation met support. Socony-
Vacuum, Standard of New Jersey
and Standard of California were
upnchanged.
j. I. Case firmed p point and
few other issues, including Dome
Mines, Chesapeake & Ohio, Union
Carbide and Continental Can made
small gains. General Motors,
American Can, Chrysler, United
States Smelling and American Com
mercial Alcohol were down fraction
ally.
During the early dealings volume
continued small with prices near the
opening levels. Aside from the
steel news, which included refusal
OF a closed shop by the industry's
executives, there was nothing of
market Importance.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07

S SRM cog6G 1E IF 5EE NS gTAT YoS og
In the Matter Of the Application Of the
people OF the State, of New York. by
q GFeoTr re 5; Van schaick, as Superintendent
for an order to take possession of the
property and rehabilitate the
GLOBE AND RV GoMFasNE7 ERE INSURANCE
pa Notice Of Filing First Report. Audit and
ST. PLEASE N1sss q TA Mptf 1 tD Gen fSgt the
erst report. audit and petition. Of the
Superintendent of Insurance of the State
and Rutgers Fire Insurance Company. duly
tie md day Sdy ss sa IN IN II S Sffles
mat a duplicate original thereof will. be
nied at the same time in the office of the
bureau OF Liauida tions. Conservations and
Centre Street. Borough Of Manhattan &c CITY w.
triplicate original thereof with support
tim time b in the Office Of Saul J. Lance spe
IN charge OF the above named company
at No. III William Street. Borough of
NsR YdrE e ga ogn5 Fsno and STATE .S q
petition viii be available for Inspection
by creditors and stockholders at the above
PLEASE TAKE FURTHER NOTICE that
said report. audit and petition will be
presented 10 the supreme Court OF the
State of New York. at . Special Term.
Part I thereof. for motions to be held
at the County Court House Pearl and
Centre Streets, in and for The County of
New York, Borough of Manhattan CITY
of New York. on the 18th day of August
1884. at 1000 O'Clock in the forenoon of
said day or as soon thereafter as counsel
can be heard. and a motion will then
and there be made thereon for an order
as follows:
1-Approving. and confirming the pro-
ceedings had and actions taken
therein by the Reha Arbitrator from
March "a. 1888 to March 81, 1894;
2-Approving and confirming all ex-
penseS paid and all other disburse-
ments made as set forth in said
s-Approving and confirming the as
sets. income and receipts charged
against the Rehabilitation as set
forth in said report:
NGranting such other. further and
different relief as may seem to the
Court lust and EQUITABLE in the
premises.
Yours. etc.
GEORGE s. VAN SCHAICK. Superin-
tendent of Insurance Of the State Of
BASIL oS'coNNoR. Attorney for superin-
tendent of Insurance. 100 Broadway.
New York City.
To: All Creditors and stockholders Of
Globe and Rutgers Fire Insurance Com-
dated. New YORK. N r. May aath. 1854.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
HOLD ANNUAL ELECTION
OF EXCHANGE OFFICERS
M. J. O'Brien Renamed President of
Chicago Stock Market.

By Times Special
CHICAGO, June 7.-Annual cleo
ton of officers of the Chicago Stock
Exchange was held here this week,
and Michael j. OBrien was re-elect-
ed president. Paul B. Skinner was
selected as treasurer for the third
consecutive year.
Governing committee members, to
serve three years, were named as
follows: Arthur M. Belts, Morton
D. Calm, Robert j. Fischer, Deeds
Mitchell, Charles G. Renshaw, Jo-
seph A. Rushton and Edward T.
Wood Members named to serve
one year were M Ralph Cleary,
Kingman Douglass and Richard w.
Phillips.
Appointments to the 1885 nom
mating committee were Walter S.
Brewster, chairman; Clyde H. Bid
good, William F. Fitzsimmons. Harry
M. Payne and Virgil Webster.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
New York Bank Stocks
(By Abbott. Hoppin & Co..
INDIANA CROPS SUFFER
FURTHER FROM DROUGHT
Wheat, Oats Deteriorating; Many
Local Fields Beyond Help.

Intense heat during the week
ended Tuesday was very unfavorable
to crops throughout the state, and
very little progress was shown in
crop progress, according to the
United States Department of Agri-
culture.
Indiana crops are still in need of
rain. None was reported for the
first three days of the week, and the
moderate showers during the latter
part of the week were insufficient to
cause much progress. Wheat de-
Perforated somewhat, due to lack of
sufficient moisture for proper filling.
Oats also are deteriorating, and
reports are being received that corn
seed are not terminating in the dry
soil. Truck crops and plants, such
as tomatoes and tobacco, all are in
need of a slow, generous rain.
Onions have suffered badly in
northern fields. Barley is being har-
vested in the extreme southwest.
Many local fields are reported be-
yond all help.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
PORKER PRICES
RISE 10 TO 20
CENTS AT PENS
Slaughter Steers Lower;
Vealers, Lambs Are
Unchanged.

Initial advance of the week was
registered in porker prices at the
Union StockyardS this morning,
with practically all grades moving
around 10 to 20 cents higher than
yesterdays average.
The bulk of 100 to 200 pounds
sold at $500 to $3.55, while 200 to
$50 pounds were salable at $3.50 to
$3.50. Heaviest weights from $50 to
$50 pounds were selling at $3.50 to
$3.75. Top held at $3.50.
Extremely light slaughter pigs
scaling from 100 to 100 pounds
brought $225 to $2.75, while lighter
kinds, weighing 100 to 300 pounds,
sold at $3.50 to 81. Receipts we're
estimated at 1900; holdovers, 452.
Weak undertone prevailed in the
cattle market, with slaughter steers
mostly 10 to IS cents lower than
yesterdays close. Best grade steers
were salable at $6.75. Cows and
heifers remained steady to strong.
Receipts numbered 800.
Only slight action was evident in
the veal market and practically all
classes continued unchanged at
$3.50 down. Initial top held at So:
Receipts we're 700.
Early sales on lambs remained
unchanged, Bulk of springerS sold
at $3.50 to SO. Bucks were 81 less,
while good yearling lambs sold for
$3.50. Receipts were 800.
Chicago hog market was strong,
with asking around 10 cents higher
than yesterdays average at $3.50
down. Receipts were estimated at
10000, including 5000 directs; hold
overs, 5000. Cattle receipts num-
bered 1000; calves, $500; market
steady. Receipts were 7,000;" mar
ket unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
HEAVY RAINFALL:
SENDS WHEAT
DOWN SHARPLY
Operators Restrict Buying
and Await Government
Crop Report.
BY HARTMAN w. NICHOLS
United Press staff Correspondent

CHICAGO, June 7. - Beneficial
rains fell over the grain belt in
the northwest overnight and this
had a depressing effect on grain
prices at the opening of the Board
of Trade today.
Wheat opened IL to 2 cents low
er, corn was off q to rs cents, oats
were IA to Is cents lower, rye was
off z to IA cents, and barley was
off IL cents.
AS much as four inches of rain
fell in some sections, although many
spots reported only light showers.
Operators restricted their action on
the buying side and preferred to
await publication of the govern
ment crop report, due tomorrow.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Deaths

Sarah Frances Miller. TO- city hospital
carcinoma
Margaret Lemons. r. city hospital
Sidney Brown. Is city hospital frac-
tured skull.
Florence A. La Rue. 85 1906 North
Temple chronic myocarditis.
Emma P. Ross. 70. 3245 North Illinois.
cerebral hemorrhage.
Mae Pearl Stanley. AZ. 1908 Church.
man multiple sclerosis.
Jerry Carrico. TO- 271o North Arsenal.
A julia l. Giiiaspy. SO. 114s spann. car
Isaac isaac N. Bray. 81 1902 East Ohio. heat
exhaustion.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
JOHN ABBINK ELECTED
PRESIDENT OF COMPANY
Business Publishers International
Names New Head.
By Times Special

By Times Special
NEW YORK, June THE cleo
ton of John Abbink as president
and general manager has been an
nounced by the Business Publishers
International Corporation, publish
ers of business magazines circulat-
ing throughout the world.
Formerly president, Mr.. Alb
blink was named to his new position
following the resignation of Mason
Britton, who becomes chairman of
the board of the company.
Marked improvement in the COM
pany's business was also announced,
in line with the rapid enlargement
in. the export sales of American
products and machinery to many
overseas countries. Advertising in
come of foreign publications of the
company has increased 81 per cent
this year and circulation income
has practically tripled.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
N. Y. Coffee, Sugar Markets

WI 4 k
June G.
---Santos--
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
81 DIVIDEND CHANGES
MADE DURING MONTH

FOrty-four of Total Number in May
Reported Favorable.
By Times Special
WINCHESTER, June 7.-Dividend
changes in May, declared by our
leading corporations, tetaled fifty
ore and of this number forty-four,
or Sc per cent, we're favorable. This
is a slightly better showing than
made in April when IS per cent of
the changes were favorable.
On the other hand, there were
both more and higher percentage
of favorable dividend changes in the
earlier months of the year.
Income from dividends suffered
more than any other form Of income
during the depression.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Plumbing Permits

e. 9. Erber 1921 Spruce, / fixture.
E. c. Erber Thirteenth and Monon.
southeast corner, fixtures.
William Curtis, 1909 Marlowe, fixtures.
Broad Ripple Plumbing Company. 1925
Station. fixtures.
Broad Ripple Plumbing Co.. 1919 North
Illinois. fixtures.
Frank Drees. 2O2s South State, TX
lures
c. A. Johnson. s1s Rivera drive. H.
lures.
John Honour. 1873 East Market fix
lures.
Mason-schenck. 1915 East Ninth, fix
lures.
Charles McNabb $40 East washington,
Ed. Kautsky. sos West Michigan. !
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Chicago Futures Rance
CHICAGO PRIMARY RECEIPTS

June g.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07

CHICAGO. June ss;7-cash grain: Wheat
low, 571ad 58l4c; No. yeow, 57Iac: No.
white. Sic. .Oats--No. 2 white Asa
4514c: No. 3 white. 441ac: No white,
4S14c. Rye1-No sales. Barley-sales, GOA
96e: quotable. 55cqs1. Timothy-S775
025.. Clover .seed-s1o 25G14O0. Cash
proyisionss--Lard, $685.; loose. $50; leaf.
s5.75; bellies. So.
ST. LOUIS. June Cash grain: Wheat
In fair demand: 2 to 2lac higher: No.
2sd red sa $iISt1oO e: No red ssl3S No:
No. hard, ST nominal Corn-Tn good
demand: IAc higher: No. 2 yellow. 5sHc:
Oats-In slow demand, nominally un-
changed: No. white 441ac' nominal.
TOLEDO. June 6.-Grain close: Grain
in elevators. transit billing: Wheat-No.
2 req: s1.o2@1.03 CornENO., 2 yellow,
Rye-No. 2. 68@69c. Track prices 2s1ac
rate; o, WWheat-No; l red; 9s1aGe9c; No: 2
SEC; No. 9 yellow. 54G55c; No. 4 yellow.
55q SAC. Osts-No. white, 44d451ac; No.
3 white, 431aM 45c. Seed close: Clover
Cash, S8.25. Alsike-Cash. $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
CHICAGO FRUIT MARKETS
fnu TIy1gkad presSl

CHICAGO, June Fruits and yeget-
ables: Apples-Michigan Spies. S2.25@2. SO
bushel. Carrots-Southern Use bushel.
Southern green, 75c6S150 busl4el hamp-
ers: wax 5oc@$125. Cucumbers--Central
western dollhouse, soc@sl.5o,. dozen:
S1@l;25 lug box. Sweet
ushrooms-Illinois, i064oc h. cartons
Asparagus 50675c box. Straw
berries-Illinois, S262.25. "a quarts. Onion
market, 50-lb. sacks-Texas yellows, 81, 40
al SO; Texas whites, S140@1.50; Cali
fornia whites S140M1. so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07

tant way if it is ever TO get OUT Oh
the depression.
There is reason to believe there
is something to what these bankers
and business men say. They have
been put on the pan, of course,
and they probably are more than
a little biased in their ideas on the
subject, but even after giving
weight to that factor it would seem
that their interests are not entirely
concerned with themselves in this
instance.
0NE also wonders what addi-
" tional constructive work can
be done by the committee in the
line of further probig. No doubt
it can uncover new irregularities,
but these probably would not differ
a great deal from those already
disclosed. If illegal acts have been
committed-no convictions have
been secured thus far-might ct
not be better to have them taken
care of by the courts?
The most tangible results Of the
committee Investigations thus far
have been the securities act of 1888
and the stock market legislation OF
1884. Its revelations undoubtedly
preceded the basis and revealed the
need for these two measures. But
these laws have been placed on the
books or will have been as soon as
President Roosevelt signs the stock
market bill, so it would seem that
the committees work has been COM
pleted-unless, of course, the adj
ministration has some new business
laws in mind.
If, as may be assumed from sur
face indications, no new correctives
are believed to be needed at this
time, little good and much harm
to business might be done by con-
tinuing to spread financial and
business dirt on the records. Bust
ness is unlikely to go ahead very
rapidly as long as uncertainty exists
over what may be expected in the
way of new laws, so the senate
might very well base its decision
on the question of whether its
members constituents are more
interested in trade revival or in
interesting reading on the front
pages of the newspapers.
THAT Wall Street has been
i shown the error of its way is
rather obvious to any one who
comes in contact with the people
in that vicinity. That the bankers
and brokers will find it possible to
repeat their past mistakes legally
is rather doubtful. Washington has
done much better financial re-
pair job than the country had any
right to expect, even though some
notifications may be needed, but
the consequences Of not knowing
when to quit might very we'll take
the edge off its achievements.
If business does not soon get into
second gear in its trip out of the
depression the government may be
forced to resort to currency infla-
ton in a big way. Many people
would not like to see that happen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
JUDGE CONFIRMS SALE
Relay Motors Corporation Proper
ties Sold for $75O,0O0.

By United Press
TOLEDO. O., June 7. = Federal
Judge George Hahn today con-
f1rmed the sale of the Relay Motors
Corporation properties in rima, O.,
for $750,000.
The property will be transferred
from the receiver for the truck
building company to ]. G. Wray.
Chicago and E. F. Harscf, Warsaw,
Ind. The sale includes all property
of the Relay company and stock
valued at approximately $4,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07

Air REDUCTION - -
Allied Chem =. =.
Am Com Alcohol ..
Col Carbon .......
Com Solvents ..a..
Dupont ......
Freeport Tex -.
Iiofsfd fxarh
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
J. S. DOLLAR WEAK
Gold Price Drops So Cents an
Ounce.
By United Press

Dy UHtItU FT6SS
LONDON, June THE dollar
weakened today and the pound was
$5.06a4. Gold went down 515 cents
fine ounce to $34741a, with the
sterling rate 1877 shillings, IL pence,
down 8 pence. Yesterdays price
was fixed with the pound at $5.o4%.
Gold sales jumped upward to
f1,058.000 ($5,361, 415), of which
nearly half was bought for ship
ment to New York.
By United Press
PARIS, June THE dollar weak
ened today and francs were 1911
to the dollax (6.6l6 cents france.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Wall Street
Nations Big Business
Men Hope Washington
Will Turn Off Heat
by RALPH HENDERSHOT-
Times Special Financial Writer

TINE United States senate is ex-
i pected to vote before adjourn
ment on the question of whether
the banking committee should con-
tinue its inquiry into stock market
and banking practices throughout
the next session of congress, &C
cording to Washington advices.
Business men generally and Wall
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
FORD MOTOR COMPANY
LEADS IN SALES FIELD
Registrations of Firm in First Four
Months Totals 162,7SS Units.
By Times Special


By Times Special
NEW YORK, June 17.-Ford led
all othtr makes in sales of passenger
cars during the first four months of
1884, according to official fluctuations
of motor vehicle registrations
throughout the United States just
issued by R. L. Polk & Co.
Total Ford registrations of new
passenger cars in the four months
period aggregated 162,78S units out
of a total of 552,316 new cars of all
makes registered in the United
States in this period.
The Ford total of registrations Of
passenger cars, commercial cars and
trucks during the same four month
period was also in the lead.
Ford's percentage of the total
business in May was increasing ac-
cording to advance reports compiled
by Polk in 106 leading cities in key
points throughout the country.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
INVESTMENT SECURITIES
DECLINE DURING WEEK
Average of Ten Leading Common
Stocks Drop to 1857.
BIZ Times Special

By Times Special
NE WORK, June 7. - Invest
ment trust securities were slightly
lower during the last week.
The average for the common
stocks of the ten leading manage
ment trusts, influenced by the lever
age factor, as compiled by Allied
Distributors, Inc, stood at 1857 as
of the close June l, compared with
1924 on May 25.
The average of the non-leverage
stocks stood at 14.57 as of the close
June l, compared with 1855 at the
close on May 25. The average of
the mutual funds closed at 1923
compared with 10.45 at the close of
the previous week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-07
Business Activity Drops
By Times Special

D y I INtb3 DpBctuE
WINCHESTER, Mass, June T.
General business activity as meas
ured by Winchester's Business Ac-
tivity Index is now 1858 per cent
below normal. This is a slight drop
in activity from the previous week.
A year ago this time business ac-
tivity was nearly IS per cent below
normal.