davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
PORKER PRICES
MOVE UPWARD
AT LOCAL PENS
Market Evidences Slight
Rally; Top Price at
1915.

The swine market evidenced a
slight rally today at the Indian
apolis Stockyards, with prices gen.
orally 5 cents higher. A few light
weights were 10 cents higher. The
top price was $975.
The general run, weighing from
160 to 275 pounds, was selling from
$685. to 1910. Heavy grades, above
275 pounds, brought $3.50 to 1885.
The lightweight division, ranging
from 10 OTTO 100 pounds, was quoted
at S810 to 1895. Packing sowS
cashed in for SO to $3.50. Receipts
totaled 5000, compared with $500
yesterday. There were Sill hold
overs.
Trading in the cattle market was
little changed, slaughter classes re-
naming about the same. Top steers
sold for S12, with the bulk under
$1,000. She stock was unchanged
with yesterday. Receipts numbered
700. Vealers were steady at $3.50
down, with receipts estimate at 500.
The lamb market was steady,
Better yearling and wether lambs
were quoted at $3.50 to So. A few
brought 1925. Slaughter sheep sold
for So down. There we're 500 re-
ceiptS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
NeW York Stocks
By UHifcd Press


NEW YORK. June 20.-Stocks
steadied around noon at losses rang
ing to more than 2 points. but failed
to show recuperative powers in the
early afternoon trading.
Trading was lighter than yester-
day to the end of the third hour.
Sales for the first three hours to-
tailed $4,000 shares, against $4,000
shares in the corresponding period
yesterday. The latter total was
swelled by heavy dealings in utility
shares, which today were relatively
quiet.
Weakness in railroad issues was
disturbing factor. There was steady
selling in most of the motors and
they held a->und the lows of the
day with losses ranging to more
than a point. Auburn, an exception,
made a small gain to 2l12. Stand
ard Of New Jersey dipped below AZ
and rallied fractionally to 47H,
which was still off a point from
the previous close.
Losses of l to more than 2 points
were noted in Dupont, American
Can, Westinghouse Electric. Ameri-
can Telephone, Woolworth and
Sears. Roebuck. Copper were frac-
tionally lower. Utilities eased small
amounts. U. S. Steel held around
32l2, off z point.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Produce Markets

Delivered IN INDIANAPOLIS prices Hssvv
breed hens. ifc. LeShorn oTeeS mems l1e;
heavy 6reee eoskS g.. Ls,eE,a h sTe .t.s
its. teShosn sroilsrs. : lbs and up i5e
Bareback broiicrs i2c. Dues. fuu festh-
nc ts sna ,e No strictly fresh tsss los
% iec Zach fun case must weight $ lbs
gross q deduction Of iae . oo@nc uneeT
2sc. butteTfaC 2ie. Guoreo Nv The Wadiey
CBv Unlted Prsssl
CHICAGO June 20. - EEEs-Market.
STEADY. receipts 3.0i2 eases. fresh graded
hrsts. 11'sc. current receipts. Il g, dir
ties 2o'sc. checks, soe Butter NarSet.
Sso-afts score. 22n11isc extras 81
scorei. nee. frsts ss-ssis score. 2iis
3itse. seconds tss-s7is score. o'se. spe-
eials. 77'sH 15,se' stanearcs sc. Poultry
cars due hens. isH Il &C, orcilers. Il st
zoe. fryers. fsa 7ic. ole roosters. 1854 &C.
ducks fIMfsc. geese. Sc. turkeys. lfsf l1c.
isEhorn hens ifc. sprlng chickens. p 9 Csc
Chrese-Tvins i3Gi3itc daisies. Il az
i7'sc Ionghorns. y "a Is &c Potatoes
Old stock. supply liberal. demand and
vgisco1sins. arm on Idahoes. Wisconsin
round whites. 3se. eommercial Sc Idaho
russst. u.ioH ! q. New stoS Sis-
kst. about steady on cobblers. hrm on TIL
urnhx Arkansas bliss triumphs. SIS.
AiabamA bliss tTiunphs .shoSing some
al oe. California Burbauks. Si10mi1S.
North Carolina cobhiers. 81 20 Arrivals
ne. ca track. si4. shipments. se2
CLEVELAND. June 20 -Butter-Market
wesfs eTfras &c. standards &c ERgs-
MarkeA steady. extra whites. 15c. extra
49, f7c. current receipts. 2it1c- Poultry
-nsrfrf- weak. heavy fowl isc. medium
fowl fsG iec. ducks. young ieI iec, ducks
I'D Hsr PntatneS-Chio. CSC ~ SOC PER
ino ~ bar. North Carolina cooolers. 30
9is : 100 =, bss. California long rhits.
e1G11s a Ice u. bag-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Other livestock
(Bv United Press)

oo cH1GAGo J J0ne 2oEHogswRscelptS
sSS 10, 200 0p lb sy0 $3.50 Plss
light lights. 14O-l6O lbs, good and choice
aSoee light Teeh @edm 0 Te s21d
200-250 lbs. good and choice S9.25G9 $50:
heavy weights. 25O-35O lbs, good and
5 hOs s8sGGgsO a skiing SS
csttYiemReceipts 5000 Calves i5oo better
grade fed steers and yearlings slow
steady to weak: much less active than
Wednesday; bidding weak to IS cents lower
in most instances to erase Wednesdays
few loads .s1O@l2; lower grades. $3.50
down to $3.50, with plain graSsers to ST.
Saae s STSRe e e 5T hg6fr az
few 50 IS. Slaughter cattle, and vealers.
steers $4,000 lbs, good and choice, s9@
s95o@12; 1lOO-1soO lbs. good and choice,
ABB ISs good and
enSice SU2Oa I99lSG Se l3s
lbs lbs, good dN' and choice $875G1l; common
and medium, s425qS.75; cows, good s7a
common and medium sd1 n s45G 9SI low cut
common ana medium, $45OG625: veaiers,
$50 Gull and common. s4.75@6; stocker
and, feeder cattle steers 55O-1O5O lbs;
GOOD ana cnolce. Slu6.10, common ana
to strong; spots shade higher; sorts con-
sdered: sheep firm; native -sSpringers up
ingly for choice offerings: yesrlings, 5.85M
$50; bulk native ewes, s2m3.25. Slaughter
sheep ano lambs. spring lambs. good and
ewes 90-15o lbs. good and choice. sl.75@
$50: al weights. common and medium.
(By Times specian
LOUISVILLE. June .-Cattle-Receipts.
all slaughter classes; run light and kill
ing quality plain; bulk common to me-
dunn steers and heifers: S6.25G6 so; COM
mon grassy killers down to around. s525:
better finished dryfeds quotable to around
$40; bulk grassy beef cows, s4G5;25; good
beef bred cows to Sc or better for helf-
er types low cutters and cutters. 81 50m
375: bulk sausage bulls. s4.25G5.25; best
heavies $3.50; stocker trade moderately
active, mostly steady; bulk better Here
ford stockers and stock calves. s7Gs;
palmer grade light southern dairybreds,
s4G5. Calves-Receipts 500 including 300
stock calves; vealer market, steady. bulk
better grades. scar; medium and lower
grades $50 down. Hogs-Receipts, 700;
STEADY TOP a7d bulk IS ss ao
lbs, up. $40: l4o-155 lbs. ss35; 12o-l35
lbs. $40; sows. $3.50. Sheep-Receipts,
$500; run late in arriving; quality less
generally asking Csc higher on better
grade springers; asking s7.756S for bulk
OF the better nearby trucked-in eve and
choice longhaul overnight and rail lambs:
fat ewes. weak to lower: bulk, 81 so
down; choice lightweights eligible higher.
Receipts. Wednesday-Cattle. 1879; calves.
Wednesday-csttIs, 25s; hogs. 427; sheep,
3249
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
On Commission ROIO

Quotations below are average Wholesale
prices being offered 20 BUYERS by local
Observation-Disclosures. 4i.e ID. strawberries.
rso0srberries 14-ot- case 50 Raspberries.
red 2f-ot ease s. 50 Blueberries. GeorTis.
2t-Qt. crate. $50. -t-pt, crate - ~
home grown sour 2f-ut- case. SIS. Can
talnuneS California Jumbo. jos crate. -,
jumbo, ass 81 IS Cahiornia stsnaaToS-
81 s0T3. Watermei0ns. Watsous. 6ac- DING
Relies $50 Aup,cs. Wlnesaps. 500.
new fancy Transparents So 20 L Sllsl.
fruit Florida srediess. SIS loS sos 3 p,
California. Seedless. SOS. zoos. S1-la- Pine
annies as 81 Lines. Mexican per car
Veretables-Cabbace. home grown nu-.
Fsr Onions new Texas yellow. s0-lb- bag.
g. IS new Texas white aO-lo oag 80
a. IS. selected Cobhlers 100 lbs. $50.
northern Round White loo-lh- naS- 81.
0hios i00-Ib haE $50. Idaho Russo s.
bar q sweet potatoes Nancy Hall
ham7ers- 81 10 Beans s5een stF.nS-essii
hampers 81 S. WAY s.. Celery washed
and trimmed. medium doz Sc jumbo
crate So Cucumbers. hothogse ooz- SOC
T-dor hox 1oc Eudive California. ooI
81 EEg plant 81 .1ssfl 90 COZ kale.
a. Lettuce dollhouse fS-Ib basket t5c.
California IreherE. had lettuce. SO
Msnssss. $50 a hsmpS,r i snail - oas Sst
Peas home rr0Wu husheL Sis. spinach
home rrouu hushel 6oc. RaoisneS- cof--
7oE 75c. Turnips neE eo1 suc =. Heets.
IA rrsfs. g dor soc Rhuharb. Outdoor.
Coz 1ec Mushrooms - 500 Sc IONA
tss, home sr9.sIRs UP. esa,5'on- Si-S''
An quotations subject 70 change ID or
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
ACTIVITY IN TEXTILES
INCREASES OVER 1884
Raw Wool Prices Break Long De-
cline and Move Ahead.
By Times Specie

By Times Special
NEW YORK, June 20.-DeSpite
all its troubles, the textile industry
registered mild activity during the
first five months of this year about
on par with that for the CORE
spending period of last year. Textile
World will report in its forthcoming
June issue.
This estimate" the report con-
tinues, lis based upon still incom-
plete statistics of raw material con-
sumption. The activity during the
period was approximately 7 per cent
below an assumed normal. There
was continued curtailment Of pro-
duction in May, but revised figures
for April showed that month less
behind April of last year than pre-
viously indicated.
Stimulated by the best demand
in years, raw wool prices, as re-
f1ected in Textile Worlds price in
dex numbers, broke the long decline
and advanced sharply in May. Top,
yarn and cloth prices advanced In
sympathy. although not at such a
rapid rate"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
WHEAT PRICES SLIP
IN EARLY DEALINGS
Improved Weather, East
ness Abroad Factors.
BIZ United Press

By Uuitcd Press
CHICAGO. June 20.-Wheat
prices slipped lower today on the
Board of Trade, as reflection of
improved weather conditions in the
Southwest and easiness in the Liv-
erpool market.
At the start wheat was q to l
cent lower. corn was off IS to is
cent. oats were "a TO Il cent lower,
and rye was off Il to 4 cent.
No rain of consequence was
shown over the Southwest winter
wheat belt. and traders sold wheat
at the start on the basis of better
prospects for harvesting of the new
crop. Easiness at Liverpool also in
duced some selling.
Bartlett, Frazier & Co.'S Liver
pool house cabled that the Cana
dian political news exerted dis
turbing influence on the English
market.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20

deaIirzs in stocks and bonds can be
measured
The purpose Of this code is 10
raise the standard Of business ethics
In that particular field. The bank
ers know thew have a great deal 10
live down. but they are determined
10 do lust that. and. in the opinion
% this department. they are going
about n IN a very practical and SEN
sible wav. They are 70 be compl-
mented on their good judgment.
DUT the mere creation and adop-
ID ton OF a code will be worthless,
even II approved BY the Securities
and Exchange Commission. unless
membership is made TO mean some
thing The bankers have the power
within themselves to regulate the
securities business II they will en-
force such code rules as they set
I'D without fear or favor.
The investment bankers all along
have had the machinery with which
to enforce a high standard OF busi-
ness ethics in the Investment Bank
ers' Association. But the leaders in
the field have not given sufficient
attention 10 its direction. Almost
anv firm with he price Of admission
could become ? member and It was
used for the most part BY members
as a means to promote business
That it did much important work
must he admitted. Its studies OF in
vestmentS were excellent. and the
shortcomings in the business were
pointed out on numerous occasions.
DUT Il never did anything about
ID these shortcomings. Members
we're not disciplined for infractiOrS
Of the principles it tried to estsb-
lish. It had no police force WORTHY
Of the name Probably this was due
in large measure to tine fact that
one hardly dared to throw stones at
any Of the others. The fear that
aggressive action might result in loss
Of business 10 those taking the in
itiative no doubt also played part
Most OF the investment banking
houses are now starting off with
clean slate. so they should be in
a position 10 administer a code in
an effective manner. Their past
deals have gone through the fire
Of the depression and there is little
or no old business left on their
books. Many Of the biggest firms
are relatively new. even though they
are made up largely Of men long
associated with undertakings
Moreover. they have learned many
valuable lessons in the last five
years which they are unlikely TO
FORGE soon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
rrrI1s AM VEGETABLES

BY United Press
CHICAGO June .o.-Apples - Illinois.
hrshrI. 1scGSi7S Carrots western
~-arre drr -SrF 81 IS Sweet Potatoes
tennessee husheL s5fi 7sc LETTUCE
western. crates. doz- 81 ? 50 Leaf
Lrftuce-Tluois lob. cartons l0ff 1oc-
Prare Louisiana hushei IS q 81 p
Cahrarr-Tenuessee PONY crates. 75n soc.
pras-Caufcrnia husheL hampers. Si-loti
S. Trmafces-TeNas Jugs. 81 1Stg GO.
s q n & ILLINOIS hushei $50 soc
AsnsrRz us-Iiiinnis square crates. doT
1sc Isl Rhubsro- Illinois. fo-lo. cartons.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Imports Show Gain in 1885
TEXTILE HEARING SET

By Times Special
NEW YORK, June 20.-Hearing
on the plan of reorganization Of
Textile Properties, Inc, as proposed
by the committee representing hold
ers of the company's first mortgage
6 per cent sinking fund certificates.
has been set for July 9 by Judge r..
P. Patterson of the United District
Court, it was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
CANADIAN REVENUES UP
May Custom Receipts Dip, but In
come Tax Yields More.
n Times SCccial

o IHtf9 3sPILIu5
OTTAWA. June 20.-Canadian
government figures today revealed
that customs and excise revenue
during May. at $685. 51, was
81 100000 under a year ago, while
income tax receipts increased s14,-
1917.
May exports amounted to $62,-
100,691, against s57,899,5l0 in May.
1884. Imports came to s54,529, oil,
against $52,s86.86l.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Wall St.
Investment Bankers
Keenly DESTROYS
of Trade Code.
BY RALPH MISUNDERSTOOD
Times special Writer

NEW YORK. June 20.-Invest-
~ ment bankers Of this country
want a code-sick chickens or no
sick chickens. And they want the
stamp Of approval OF the govern
ment on It, They have representa-
tives in Washington al the present
time for that purpose. II will be 10
the advantage OF investors in gen
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
NeIC York Curb
BY Asbott. Proctor & PAINE
BORROWING COST LOW

WASHINGTON. June 20.-Ten-
ders for two issues Of Treasury bills
10 be dated June 10. which were
opened recently at the federal re-
serve banks. totaled S274.447. 900. OF
which sl0o.o72 900 was accepted at
an average rate OF about .069 pei
cent. IL was announced today BY
Henry Morgenthau Jr., Secretary Of
the Treasury.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Other livestock
tBy United Press

LAFAYETTE, June 0.-Hogs-Market
steady to Sc higher: lsO-225 lbs, SO 500
ass; 225-250 lbs. $s.3oGs 40: 25o-3oo lbs
So iOa 3 20; iso-i50 lbs. sass: i0o-lSO lbs.
Ssi0ds35: roughs. IS down Calves. 81
down, clipped lambs. IS down; spring
Fl WAYNE. June 2o-Hogs-5 cents
higher: l60-225 lbs. 50 so: 20o-25o lbs
So 40; $50 800 lbs. $500; 3oo-3So lbs ss,oS:
i40 lbs. 1855: l20-i3o lbs. $40: ioe-lze
lbs. ST co. roughs s7.75: stays. s5.75
Calves. $50; lambs. 50; clipped lambs. So
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
FOREIGN
NOT TO REGISTER STOCKS

NEW YORK, June 20.-Common
and preferred stocks of the Louisi-
ana Oil Refining Corp. will not be
registered with the Securities and
Exchange Commission, it was an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Obs0IescenCe of Plant
Likely to Be Corrected
as NRA Restrictions End
Catching Up With Latest
Labor Saving Machinery
a Problem.

Battling economic problems today
confront the government and business
in attempting to find a way back to
prosperity. The series of six articles. OF
which this is the fourth. attempts to
throw some light upon a few Of the
more interesting of these.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20

eral II they get t.
But the bankers
code is not ike
An industrial code
Il is not for the
purpose Of price
fixing. II will not
interfere with the
natural laws OF
economies. II will
constitute a stand
ard by which Sc
curity underWTit-
ing activities can
Be measured. T.
will be a rule by
which legitimate
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Required Little Material

AS is indicated by projects already
agreed upon by the relief admins
tration and also as was indicated
by Mr.. Hopkins last week. most Of
the relief expenditure will be made
to give direct employment through
the building of roads. parks. and
other such public projects. None of
these projects will demand any sub
stantial amount of building ma
terials.
In the second place. increased
building activity can take place only
when individuals (employes) can
feel reasonably secure as regards
their income to permit them to rent
or purchase homes.
The coSt-price Establishments.
that have existed and still exist,
combined with the many political
uncertainties have been and still are
too great an obstacle for the build
ing industry to hurdle. Until these
obstacles are eliminated. we can not
hope for recovery in he building
industry nor any suStai' a recovery
IN business as a whole.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
(By James E. Bennettl
LOCAL CASH MARKET

CITY grain elevators are paying y cents
for No 2 soft red wheat Other grades on
their merits Cash corn No. yellow.
70 cents and oats 20 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Money and Exchange
TREAsrRy STATEMENT

BY United Press
WASHINGTON June 20.-Government
eypeuSrs and receipts for the current
fscsl vesr TO June 49, compared with the
corresponding period OF the previous
fiscal year
This Year Last Year.
Expenses ST.0S6 SOS 500 80 SIS 7s2. zoe. 36l 2S
Receipts 3sse 24lle4.7 2e97.os2. ss7 81
Deficit : So ISL ala IS 57S5. iS3 663 "a
Cash Bal 1854 lss.646s5 2.735. SIS. $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
THEORY
Gets SUPPORT
IN CUBAN DEAL
New Deal Sugar Regulation
Expands Volume by Lift
ing Price Levels.
BIZ Times Special

special
NEW YORK, June 20.-The Oft
expounded theory that the United
States. as a creditor nation. must
buy from foreign nations. if it would
sell goods abroad. received strong
support today from survey OF the
first years operation of the sugar
industry under New Deal legislation
and its reflections in trade between
this country and Cuba.
The island republic. the survey
showed, probably will receive APP
proximately 100000, 900 for the raw
sugar it ships to United States this
year, compared with S55000,000 in
1884, and S39.O0O,OOO as the average
for 1882 and 1888
Greater Gain for Refined
Considering that an even greater
ratio of increased value will apply
to such refined sugar as Cuba sells
here, the Jump in United States pur-
chases of this one crop from Cuba
will be up so per cent from the
average of 1928.
Shipment of American goods to
Cuba, on the other side of this trade.
have shown almost exactly the same
percentage of improvement in the
first three months of 1885 and give
Indication of continuing the ratio.
The general export figures, and
the sugar import figures, when
joined look like literal verification
of predictions made by Henry A.
Wallace. Secretary of Agriculture,
when the AAA sugar program and
the Jones' CoStigan act were under
| initial consideration in the spring
Of 1884
Gets $40 Per Ton
The island has sold this year. to
date, fully 80 per cent of its fixed
quota of 1,657OOO short tons at the
known average price Of $40 ton FOB.
Cuba 1t is reasonably certain OF
selling the remaining 20 per cent
and probably will average $50 a ton
on this balance, authorities eSti-
mate.
Sugar values in domestic markets
SGdIlU now NEAR Jil6 IllBIlcoO lcNSlS III
seven years and trade interests
agree that this level was achieved
almost wholly through operations Of
the AAA control and the Jones'
Costigan law.
When the program was under con-
sideration an argument for its
adoption was that improvement OF
values and fixing of a quota for
Cuba would rescue the island from
depression and place it again in a
position to buy American manufac-
tured goods.
Imports Show Gain in 1885
Back in 1920 Cuba bought $751;
100000 worth of goods from the
United States In 1888 Cuba's pur-
chaSes from us had shrunk to the
unbelievably small total of $22,0O0,-
900. Raw sugar was selling fob.
Havana that year at less than "a
cent a pound.
Exports from United States TO
Cubar in the first quarter of this
year aggregated $14,663 900, against
SO 100000 in the corresponding
neriod Of 1924 and IS .887 600 in 1893.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
Monthly Average Low

During the years 10000, the
average monthly building expendi-
ture in 20 identical cities in the
United States was sos 100000 For
the first five months of 1885, these
same cities have spent a monthly
average of only S30,OO0000. During
May. there were SAL $4,000 issued
for building permits.
From these figures one can very
readily see what a tremendous i'm
provement must take place in the
building industry TO bring it back
to the average level of 10000.
Early this year. manufacturers of
building materials publicity express I'd
their belief that the industry would
be greatly improved during 1885.
This hope was based principally
upon the feeling that the govern
ment spending program would get
under way at an early date and
stimulate building activity by a sub
Stantial amount. 1t seems that
there was little reason for this hope
In the first place. if the entire
$4,000. 900 900 were spent for building
purposes. it would be less than the
normal annual expenditures made
during the years 10000 However.
it was known that the Administra-
ton desired to spend most OF this
relief fund 10 give direct employ
ment to individuals.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20

U. S. GOVERNMENT BONDS
Libertys
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
REVIVAL
HELD AWAITING
BUILDING GAINS
CoSt-PriCe MaIadiuStmentS,
Politics DeterrentS to
Construction.
BY A. L JACKSON
Editor. Economics Statistics. Inc.

NEW YORK, June 20.-It is gen.
orally agreed among students of
business conditions that the ma
ton can not enjoy a sound sustained
recovery in business until the build
ing industry revives. To fully un-
derstsnd the truthfulness of the
above statement. one need only re-
feet for a moment upon the broad
influences Of this industry.
Particularly dependent upon the
building industry are the following
lines Of trade: Steel, glass. lumber.
cement. brick. machinery, furniture
etc. OF course. these various indus
tries depend upon the building in
dustry TO varying degrees.
But as one example to portray
the Importance of the situation, It
might be pointed out that during
normal times approximately 25 PER
cent Of all steel produced in the
United States is consumed by the
building industry.
But how does the present activity
in the building industry compare
with that OF normal times? During
the first five months of 1885, the
building industry has operated at
approximately Is per cent of the
l920-l930 average. While it i'm
proved slightly during April and
MAY it is still operating at less
than II per cent of the 192O-l93O
average. Using actual dollar figures,
perhaps this comparison will seem
more significant
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20
N. Y. Bonds

(By Abbott. Proctor 81 Palmer
Reprinted From Yesterday
DAILY BOND INDEX
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-20

Copyright. 1885 by Standard Statistics