davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-19

the impressive March of Time at
Manual" pageant and the graceful
style show of graduation dresses
from 1895 to 1884 and concluded the
night by dancing in the gymnasium
Couples hand in hand peer de-
lightedly in old olassrooms where
they once had exchanged notes, and
recognized with some awe those
same initials they had secretly
carved on a desk years ago.
Wear Gay Paper Caps
The majority of graduates wore
gay red and white paper caps
Many an oldtimer pumped the hand
of a former classmate he had not
seen for more than passing word
for a decade.
The lunchroom was decorated
with class colors and the banners
of the many societies that once
fouriShed at Manual.
The alumni were surprised and
delighted With a special tabloid
Manual edition of The Indianapolis
Times, which was circulated during
the dinner The papers were care
fully folded and put away as an
other momento of the school.
OF particular interest to the grad
yates was tie collection of paintings
and art work created by Manual
alumni hanging in the corridor out
side the art claSSrooms. The work
included those Of many famed In
diana artists who learned their
early teachings under Otto Stark,
famed former head of the art de-
partment at Manual.
Mueller Opens Program
The program was opened by Otto
N. Mueller, architect and alumni
association president, who intro
duced the speakers. To the left on
the stage was a large oil painting
of Charles E. Emmerich, beloved
first principal at Manual, and Il
the right was huge birthday cake
with 40 lighted candles.
Bert Kelly, an alumnus, led the
audience, which damned into the
auditorium and stood pressed
against the walls, in a rousing
Happy Birthday to You"
Paul G. StetSon, city school SUI
perintendent, in his address de-
clared: The product of this school
more than justifies the faith We
have always had in Manual. You
are all graduates of no mean
! school,"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-19
1000 MANUAL
ALUMNI join N
BIRTHDAY FETE
March of Time Pageant Is
One of Features at
Celebration.

CONTINUED From Page One
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-19
Forecast Is Discredited"

Counsel for the government and
railway companies asserted with
emphasis that incalculable financial
disaster would follow refusal 10 up
hold. as authorized by the Con-
stitutiOn. impairment and repudia-
ton OF private obligations and pub
lie debts. Their forecast is dis
credited by manifest exaggeration.
But. whatever may be the situation
now confronting Us. it is the out
come Of attempts 70 destroy lawful
undertakings by legislative action.
and this We think the court should
diSapprOve in no uncertain terms.
Under the challenged statutes il
is said the United States realized
profits amounting 10 $500. OOO. 900.
But this assumes that gain may he
generated BY legislative fiat. To
such counterfeit profits there would
be no limit: with each new debaSe-
ment Of the dollar they would ex-
pand-
Loss Of reputation for honorable
dealing will bring US amending
humiliation; the impending legal
md 1lQral chaos appalling"
Evening star., 1935-07-25
STOCKS SELL OFF
AT SESSIONS END
SeleCtive Buying for Most
of Day Acts as Check on
Profit Taking.
What StOekS hid
BY VICTOR EUBANK,
Associated Press Financial Writer.


NEW YORK, July 25.-The stock
market today ran into realizing which
had been expected by the analysts
and a number Of the leaders backed
up under the selling.
Selective buying during the greater
part of the session, however, acted as
a cushion for the fall and many is
sues held to a narrow groove. The
close was rather heavy. Transfers
Appropriated 100000 shares.
Until the last hour the list was
notlceably resistant and many OF the
taVorites registered new highs for the
year before turning around. News
developments were not especially pessi-
mistic and brokerage quarters attri-
buted the reversal to technical factors
which, they said, are to be found even
in the best bull markets.
Grains backed and filed indiffer-
emily and cotton slipped. Bonds were
mixed, as were the principal foreign
exchanges. The guilder, however,
rallied.
Shares of Copa-Cola got up S
points, but relinquished part of this
before the finish. Johns -Manville,
Deere and Armstrong Cork were mod
erately higher. Union Pacific dropped
some points and others, of l to
around 2, included Corn Products,
Continental Can, American Can,
Santa Fe, Sears Roebu,k, American
Smelling, Cerro de PaSco, United
States Steel, Bethlehem, Chrysler,
General Motors, Case and Lambert.
The utilities and most of the rails
were only fractionally lower.
Evening star., 1935-07-25

Fox in exchange for issuance to
Twentieth Century of 1858 shares
of new s1.50 dividend cumulative pre-
ferred stock of Fox and 613,264 u
shares of its new common stock.
Capital structure of Fox will be
simplifed. Its class "a" and "B"
common will be reclassifled into
shares of new preferred and common
on the basis of one-half share OF new
preferred and one-quarter share OF
new common for each share Of class
"a" common and one share OF new
preferred and one-haH share of new
common for each share Of class "B'
common.
All shares of new preferred and
common viii have equal voting rights,
and the new preferred In convertible
Evening star., 1935-07-25
Chicago Grain
BY the Associated Press.

BY the Associated Press
CHICAGO, July 25.-Despite SEN
sational reports of severe crop dam
age TO Spring wheat, grain markets
wound up today with little net change
in prices.
Rapid fluctuations were accom-
panied at times by active trading. but,
taken as whole, business lacked VOL
ume. Late reactions from earlier ad-
vances were associated with unusual
lack Of general public speculative in
tereSt.
Wheat closed steady. unchanged to
IS higher compared with yesterdays
finish, September, 861s-l4; corn. "a
"A down; September, 755s-a4; oats,
1s off to l cent up. and provisions
varying from cents decline to II
cents gain
Evening star., 1935-07-25
so TONS OF LEAD SOLD.

NEW YORK, July Is P.-The St.
Joseph Lead Co., reports that SO tons
of pig lead from Southeast Missouri
mines were sold yesterday at 81 per
hundred pounds st. Louis.
Evening star., 1935-07-25

LIVERPOOL. July 25 CE1.-Cotton. 1000
prices points higher. quotations in
pence: American strict good middling,
TAI: good middling, I'll: strict middling.
6.96: middling 6.91; strict low middnng
6-S1; low middling. CSC: strict good ord,-
nary. 6.36: good ordinary, 600. Futures
closed quiet July 6.64: october, .6.22
December. 6.10; January, 6.07; March.
6.05; May. 6.02.
Evening star., 1935-07-25
FOX FILM HOLDERS
TO VOTE ON MERGER
Special Session Set August Is to
Act on Acquisition of Twen-
tieth Century.
Ry the Associated Press.

by LH6 AbSUCIhIcU Z Ieoos
NEW YORK, July 25.-A special
meeting of stockholders Of Fox Film
Corp. was called yesterday for
August Is to consider the merger of
Fox and Twentieth Century Pictures,
Inc.
The merger contemplates acquisition
Of assets Of Twentieth Century by
Evening star., 1935-07-25
BURLAP PRICES MIXED.

NEW YORK, July IS R.-Future
lightweights advanced S to 10 points
in the burlap market during the week.
with heavyweight futures yielding 9
similar amount.
Evening star., 1935-07-25
MONEY MARKET.

NEW YORK. July 25 IPl.-Call money
steady; H per cent all day. Time loans
steady: 6O-90 days, u offered: 4-6
months. " offered. Prime commercial
paper AZ per cent. Bankers acceptances
unchanged. Rediscount rate. New York
Reserve Bank. Ia Der cent.
Evening star., 1935-07-25
New York Cotton
By the Associated Press.

NEW YORK, July 25.-The final
evening up of the July position in cot
ton was accompanied by wide fluctua-
tons. July sold off from 1l.93 to
1l.50 before trading ended at mid
day. Business otherwise was COM
paratively quiet and price movements
we're narrow within a few points
either way of yesterdays closing
quotations. The mid-afternoon market
was dull at net declines of about 3 to
4 points on most positions
Evening star., 1935-07-25
RAILROAD EARNINGS.
METAL MARKET.

NEW YORK. July 25 R-Copper quiet
electrolytic spot and future. 500; export.
5;70a75. Tin easier; spot and nearby.
300; future; 5ls7 Iron Iron quiet; Nn lp Tn-
4.15a20: East st. Louis 400. Zinc Arm;
East st. Louis spot and future. 4.40.
aluminium. 1900a22. 90. Anthony. spot.
12.75.
Evening star., 1935-07-25
MILLER NAMED HEAD
OF WINCHESTER MILLS
BY the Associated Press.

WINCHESTER, Va, July 25.-Percy
Miller. formerly vice president and
secretary of the Winchester Woolen
Mills, has been elected president, to
succeed Charles P. McVicar, who has
headed the organization since its for
nation four years ago.
The board of directors made Mr.
McVicar treasurer of the company
in the place Of Marvin Weaver, who
was chosen secretary.
Elwood Smith was elected vice pres
ident in the place of Mr.. Miller.
Evening star., 1935-07-25

Bleachable cottonseed oil futures
closed steady. September. 9.45b: Oc-
tober, 9.52b; December, 9.46b; Janu-
ary, 9.46b. Sales, So contracts, in
cluding 2 switches. Bid.
Evening star., 1935-07-25
COttOnSeed Oil.

Spot quiet; middling, 700.
Grading in the July, 1885. contract ex-
pired ct noon today
Evening star., 1935-07-25

into common at the rate of ~
shares of common for each share OF
preferred.
Evening star., 1935-07-25

Commercial Solvents Corp.-Com-
mon share earnings, six months end
ed June 30. were IL cents VS.. ~ cents.
Evening star., 1935-07-25
Liverpool Grain Prices.
Baltimore Quotations.

BALTIMORE. July 25 UP-Close-
| domestic. 7794; July. 7734.
Evening star., 1935-07-25

Chicago Cash Market.
Cash wheat, No. red, 8Sa88Il; No.
hard, SO; corn. No. l yellow, 87i4:
No. yellow, 8634a87; oats. No. l
white. 38i2; No. white, 3634a3Si2;
no rye; no buckwheat; no soy beans;
barley. nominal; feed, 34a45; malt
ing, 42a53; timothy seed, $50 per
hundredweight; clover seed, 12.0Oa
1900 per hundredweight.
Liverpool Grain Prices.
LIVERPOOL. July 70 (P.-Wheat tu-
lures closed eaSy.
Evening star., 1935-07-25
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGES
Stock and
nlariAanA MT
Sales

| 3s % Kinney &C RI Co pf. 120s 34h 33N 3la 4 IN
| 25N 19.1 Kresge Is 81 d. 25h rs rs N
1l8 1Os Kresss Is s)pft7-- sos 1l0st 10 llo% +IN
29h 224 Kroger CAB u.60)-. I8 29h 29h 29h r
Evening star., 1935-07-25

422 33 California Pkg A1
AS 21a Calumet & Hecla---
22ss TIA Campbell-Wy(a20c
165s S24 Can Dry G A t40c)-
1874 93s Canadian Pacific
So 80 Cannon Mills (2)---
10M 4as Capital Admin (A)-
43 321a Cap Adm pf A o.
67 45A Case q - Co..
1O41a 83la Case q - pf d.
53h 36A Caterpillar TT (t1)-
35% 1871 Celanese Corp-----.
AZ Us Celotex Co d.
33s4 11A Celotex Co pf d.
20 22A Cent Aguire (1h)--
55h "a Central r r Of N j..
129s 6A Century Rib Mills
63A 385s Cerro de Pasco a.
65s 35s Certain-teed Prod
36h % Eertain-teed Pr pf-.
ASS 37h Ches & Ohio (2.S0)-
44A SO Chesapeake Corp(3)
2&s Is Chi & East Ill pf (d)
2A ss Chi & Grt West i'd
26% 1855 Chi Mail Order (t1).
8 "A Chi Mil StP&P (d)-
4s4 q Chi M StP&P pf td)
SIS rs Chi & Northwest
95s As Chi Pneumatic Tool
44H 20 Chi Pneu Tool pf -
1lh. 9h Chi Yellow Cab (1)-
7A 31a Chi1ds Co
56A 81 Chrysler Corp (t1)-
24A 20 City Ice & Fuel CD
100 81 City Ice&F pft6h)-
17ss 12A Clark Equip (s0c)--
34h 279s Clev Graph Br (t1)-
28h 81 Cluett Peabody ID
224A 1919 Coca-Cola d.
57ss 53% Coca-Cola A o..
1Sh 15h Colgate-P-P (50c)--
24& 9 Collins & Altman
101h 69% Collins & Ak pf (7)
51a n Colo Fuel & Ir ID.
2sh 5 Colo F & l Of td)
8A 3ss Col Gas & Elec-----
75A 351s Col G & e pf A (6)--
81 BAN Colum Pic vtc tt1)-
"a 67 Colum Carbon o.
4SN 391s Comcl Credit a.
lis 112 Comcl Cred of W.
68A 56A Comcl Inv Tr tt2)-.
23M IT'S Comcl Sow tt60c)--
ia y Comw & Southern
53ss 291s Comw G Sou pf (sl-
37as 81 Congoleum-N(1.60)
49 23% Conn Ry&Lt t4h)-
Sc Al Conn REL pf 4h)-
SO II Con C pr pf WV 6h =
71s 3A Consol Film -
22h 14K Cons Film pf (*1 ~.
27A 1874 Consol Gas N 2 I'd.
99% TN Consol Gas Of (5)--
2M IN Consol Laundries--
101a 61a Consol Oil -----
S 2s Consol RR Cuba pf-
1h " Consol Textile
1875 s34 Container Corp (A).
5h 27s Container Corp (B)
IN ~ Cont Baking a..
Evening star., 1935-07-25

SaIeS OF STOCKS on the n Stock Exchange
1900 A.M.... 100000 1900 Noon..... $4,000
400 P.M....... $4,000 2:OO P.M.,..... $4,000
Total sales for the day l33OOOO
above table are the annual
cash based the latest hayeary
declarations
Accumulated q
last Companies reported In receiverShip
Evening star., 1935-07-25

Capital Transit Co. stock was active
again on the Washington Stock Ex-
change, selling slightly off in seven
transactions, ranging from 20h down
to 20 and back up to 20A, a total of
30 shares. Washington Gas IS B sold
at 104, American Security and Trust
Co. stock sold at 199 and Lanston
Monotype at So.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
PORKERS SHOW
UNEVEN TREND
Market Generally Steady to
10 Cents Lower; Cattle
Even.

Although receipts were estimated
at only 1000, an uneven trading
range developed in the hog market
at the Indianapolis StockyardS to-
day. The market was generally
steady to 10 cent; lower. The de-
crease was limited mostly to classes
weighing over 200 pounds.
Trading, however, was active for
a weekend session, and all but 80 of
the light supply were consumed by
buyers shortly after the opening.
The top price held at 5000, after
reaching SOTO during the week.
The general bulk of $50 to $50
pounds cashed in at $1,000 to $1,000,
while $50 pounds and up brought $40
to S1O.45. In the lightweight di-
vision, hogs weighing 100 to 100
pounds were salable at $40 to $1,000
Others scaling 100 to 100 pounds
held at 1925 tc $9.75. Good packing
sows brought $3.50 to $3.50 with a
few better kinds holding at 1885.
Trading was scarce in the cattle
market and prices were unchanged,
Compared with a week ago beef
steers we're steady to Is cents lower
and beef COWS we're generally Is to
IS cents off. The bulk of steers held
at 1925 to S11 while most heiferS
brought $525 to $3.50 Receipts were
200
Vealers also were stationary with
the bulk of all grades selling at $40
down. Early cales were scarce. Re
ceipts numbered 100. The lamb
market was nominal with only 100
on hand.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
On Commission ROlu

quotations below subject to change are
average wholesale prices being offered to
ou ", II1I by local commission dealers:
rRoII-Cranberries. early blacks 25-lb
box; sS25; Pears-Michigan BartlettS,
6uShel SAYS: Ayocados. Florida. box ST.
CantaloupeS-Colorado Rockyfords stand
arcs rs to lSs, S5c; Honey Dews. Colo
Eaoo. SLID. Bananas-7 hands a pound
p ,ia Indiana 12-pt, case. 81 Ap-
pies-Inolana Jonathans, s1.25Q1.S5: Sum-
mer Rambos 81, Delicious 81 5OGI65:
lWeaIthyS, 81; Grimes Golden Qargel. slS5
360s. s675 1925. s575
grapefruit, 64s to 70s 1915 Lines
less hundred. So
neutrality-suspicious. green. round string
les! LES ou. So Bsets-Home grown. doS,
5ec Caooage-Home grown. 50-lb bag.
n ,eT IA Siaffots cts, grown and Ohio soc;
n rsSo 0q IIS h 1at 6n 6Se ocauLtlowerColo
gan washed and trimmed Jumbo doz..
60c: Jumbo. doz.. 45c; hearts. fiat. sI25
Sucumoers-Hothouse doz box s2I0
h Fcah grown bu., 4Oc Lettuce
r 1ce0e5s lea. ffailIt ETn best ss7S; home
Ohio basket. 4sc Mangoes-homs grown,
~ SIPS; small basket, 35c Mint-Doz..
Soc Mnstard-Home grown. bu soc
yellow. S0-lb bag. 90c:
Indiana white. 50-lb. bag. ST. Utah Span
COZ SSc Peas-Telephone. hampers. ss25
potetoss-New Jersey Cobblers. i00-lb bag.
81 so. Michigan Round White, ion-lb Gag
81 70; Earlv Oh.us. bu.. si35 Sweet po-
iatoeS-N North Carolina; Jerseys bus. slIo
"a sa oishnes-sCnio' buttons. 2-doz baskets
Doc. +5e Spinach-New Zealand. bu 6sc
sausshl BIZ 81 TurnipS New bu' si2s
hrnch Sdoz. soc Tomatoes.Homs grown
lo-lb. sasket. Csc; bushel. s2.2s.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
STOCKS MOUNT
TO 1885 PEAKS
. ON new BUYING
Most Issues Up Fractions to
3 Points; Trading
Volume Gains.
BY ELMER G.. WALLER
United Press Financial Editor

NEW YORK. Oct. 19.-Elimina
ton, at least for the time being, of
war threats in Europe sent most of
the stock list up fractions to more
than points. Stocks that would
benefit only by war demand such
as the coppers sold off.
Dozens of stocks mounted to new
highs. General Motors touched so
for the first time in four years.
ChrySler came near its high since
1929 on a gain of more than points.
Motor Products jumped points to
new top at 48 in the motor equip
mentS.
Special issues were strong and
fairly active Among them new
highs were made by Collins & AK
man, Johns Manville, Mengel issues,
U. S. Gypsum, Newport Industries
and Neisner Brothers Gains in
most Of these issues we're above a
point and Mengel preferred at it's
top was up So points.
Western Union crossed 81 for a
gain ofnearly 3 points. Other COM
municationS were strong with it..
Rails were steady to firm. Steels
rose a point or so, lee by y. 6. Steel
Packard was the most active issue,
selling at new 1885 high.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
Other Livestock
by United Press

as GodH1CAGo, OCT ttoo l9.-hogs-
a eW a0 e0 ssss Is to- very y den 5s
lower; practical top, S10:45; nominal tor,
Slo.55. Sattle-Receipts, 1000. calves 800;
1m m al let, steady; compared with Friday
scarce, FULLY. steady; top, sl3.25 on heavy
steers; Sl2o0 on long yearlings and Sl2 Is
on light yearlings; all lower grades IS
heaVy snortfed steers, o0M 10 cents lower;
led nelfers, rs cents lower: lower graog
grass g. as nelers 80 cents off, beef COWS. 70
pain ana light sausage bulls fully %
cents lower; vea-eiS, SIM1.5U down; letter
grace steers S1l, Qua IL 90; lower grades
s1;oo4 1920. Sneep-Recelpts, 5000; mar
net, Steaoy; compared with FRIDAY last
week, lat lambs around 40 cents low
eI: ageo sneep about steady: 1eedlng
lambs strong.
,eF Fl % WAYNE, Oct; 1s.--Hogs. 1oc lower;
40 los, 5000; lzo-2oO los, oiO.Io; 25O-2 "a
IDS, 5000; 27o-50O lbs. $3.50; 3OO-350
los, $50; 15O-160 lbs. s1O.4U; l4O-i50
$685. ilo1 3SOlb b lbs s. sssO 3z91sO os
s9l5; rought. SO; stagS 80. caves So:
by Times Special
LOUISVILLE, Oct. 19.-LattIe-Receipts
4OO, market. nominal compared week ago
steers and heifers, strong to mostly zoe
n E1 other hllling classes generally
grace grass steers and heifers, s5@ i;
L +, 1nlshed offerings, s7.2oM8.25; strict
~ gooo grain on grass steers and heifers
ana comparable grace baby beef type
warnings absent; quotabIe considerably
nlgh@r oulK grassy beet cows, SOFAS; prac-
t tdsal Top So,9U' most low cutters and cut
ters sag 5.75: bulk sausage bulls, S4M
D, weeks top, So.25; stocker ana feeder
trace unchanged; most light beef type
stocAers. ana stock calves. So Qua 8. 81;
native feeolng SCeers mostly SIS 50fI Z so
INFERIOR to common hight southern dairy
nreo sIocHers, s4uo. CAVES. 800, inc.ua-
ing 425 stock caves; market nominal
oH4ng to scarcity OF Sa!aoIe supplies:
puIA good to cnolce vealers Friday So. %
$3.50; medium and lower graoes. ST down:
oetper grade yealers closing mostly 81
lover nogs, y 100; market. 1Oc lower;
netter loO-z4O lbs, $1,000; 24o-295 lbs
sl1: 300 los, up, $3.50; l60-l75 lbs. So:
a0-1oo lbs, s9.lo; l20-l35 lbs. So ~; sows
so4o, market c.osing 40c lower than last
Saturday. Sheep. 100; market nominal:
lambs e1osing mostly SOC lower; fat sneep
generally o0c higher; c.oslng bulk t@tter
LAMBS. $50 $50; cnoice quotaole to So;
pl sni r., grsoes incIuding BUCKS, s5.506I
i.00; ou!k tat ewes. $3.50 down; most bet
ter stock ewes, s7.5o@s.5O a head.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
PLEA is FILED
TO REORCANIzE
COMP ANY HERE
Chamber of Commerce
Building Co. Action Is
Started by Holders.

Petition for authority to reor-
ganize the Chamber of Commerce
Building Co. was filed with Supe-
rior Judge Herbert E. Wilson today
by members of the preferred stock
holders protective committee. A
hearing was set for Dec. ?.
Members of the stockholders COM
mittee are Jacob S. White. Albert
H. Cole; E. Clifford Barrett Theo-
dore H. Ristine and Earl Crawford.
Reorganization plans include the
deposit of stock with indianapolis
Bond and Share Corp.
A new company, the Chamber OF
Commerce Building Corp. is to be
formed. According to committee
members, the old company has
failed to pay dividends on preferred
stock since January, 1888, and is
S105,000 in arrears.
Under the proposal the new COR
poration would acquire a leasehold
interest, on which it would execute
mortgage and issue 14,300 COM
mon shares at 81 each.
Holders of preferred stock in the
old company would receive $50 in
mortgage bonds and one share of
common stock in the new company.
Common stockholders would receive
one share of common stock in the
new company for each two shares
they hold of the old company stock.
Russell j. Ryan was appointed re-
eeiver for the old Chamber of Com
merce Building Co. April 30.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
Week in Review

Stocks registered small gains in
the principal averages this week, al
| though there was considerably more
profit-taking in recent leaders and
more Selectivity in new purchases.
The early part of the week saw
| substantial gain in the industrial
average as the leading automobile
shares swept ahead to new highs.
Then came moderate reactions and
finally duller trading with irregular
| swings, indicating the belief in Wall
Street that a technical reaction was
overdue.
When the demand for motor
SHARES subsidized traders gave other
groups a Whirl, usually the sign of a
tlrlng market. The farm implement
issues were bid up sharply. Packing
shares came in for more attention
when Swift & Co. placed it's stock
on a ST annual basis. Amusements
we're active.
Tobacco issues moved higher on
increased clgaret output for Sep
TENDER. Electrical equipments
gained substantially and then eased
Carrier shares slumped in several
sessions but when Union Pacific
turned up pressure lightened and
the leaders rallied. Utilities lost
ground. So did the leading steels.
although Acme Steel scared 6 points
to a new high. Coppers were low
er. Colds declined with Alaska
Juneau making new low for the
year. Chemicals had periods of
strength but made little progress on
the week.
Traders were drawn between two
f1res-inflation at home and war
abroad. The first received promi-
nence when the president of the
Stock Exchange warned that the
present credit structure had infla-
ton potentialities. There was no
indication that it was starting as
money continued to be in supply at
absurdly low rates. Gold continued
TO come in, however, and Federal
Reserve excess reserves set a new
high.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
STEEL PAY RISE HIT
Weir Says 1t Would Have to Be
Passed on to Prices.
By Tim eQ Special

PITTSBURGH, Oct. 10 Steel
workers requests for higher wages
drew from Ernest T. Weir, chairman
of the National Steel Corp, the
comment that "a raise would have
to be passed on in higher prices,
and certainly couldn't help busi-
ness.
In fact, it would be more apt to
react the other way" said Mr.. Weir,
commenting on requests for higher
pay by employe representation
groups of the Jones e. Laughlin
Steel Corp, and the American Sheet
d Tin Plate Co., a United States
Steel subsidiary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
BY Thomson g. McKinnon)

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The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
REICH FOREIGN TRADE
FAVORABLE FOR MONTH
September Brings Export Surplus of
55,1OO,OOO Marks.
By UHitcd Press


BERLIN, Oct 19.-Germany for
the fifth consecutive month had a
favorable balance of trade in Sep
TENDER. Exports in that month, as
reported officially today, amounted
to 373.000000 marks, while imports
were 3l79O0,0O0 marks, a favorable
balance of 55,100000 marks.
In August the favorable balance
was 50,00000 marks.
Because of a severely adverse bal
ance early in the year, the trade fig
ureS for the first nine months show
a balance in favor of imports. The
latter for the period through Sep
TENDER amounted to 3.093, 800 900
marks. while exports We're $685.
800 900 marks, a trade deficit of 81
100000 marks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
by Abbott. Proctor & Painel
COTTON
NEW YORK CoTToNsEED OIL
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