The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-05
Trends
Highlights of the
News During the
Last Week.
BY VINCENT s. LYONS.
Times Financial Editor

NAmes
Industry was urged to make a
New Years resolution to take more
Of the risks Of initiative and SOW
the seeds before looking for the
crop by William J. Cameron, an Of
fetal Of the Ford Motor Co. e.
Business lea ers Of the city and
nation, in issuing their New Year
statements. indicated that much
p~ogress had been made in 1884
and that the outlook for 1885 was
optimistic. The Agricultural
Adjustment Administration esti-
mated that S476,OO0,0O0 in rental
and benefit payments would go to
farmers in 1885 who cooperate IN
the Administration production
control program. q. Grain volume
handled comparatively in Indiana
in 1884 registered an expansion OF
50 Der cent. according to the Cen
trail states Grain Assn. Presl-
dent Roosevelt spoke his mind on
the bonus question with the
declaration that the release OF more
than s2OOO.0O0 900 to ex-service
men would not speed recovery.
Railroad workers on jan had
another chunk of the pay cut re-
stored TO them. The increase VIII
mean an additional outlay OF
s3.25OOO monthly by the carriers.
Judge Russell J. Ryan of the
Marion County Superior Court
ruled that diaries must pay the l
per cent gross income tax rate on
sales made direct to consumers
indianapolis Railways, Inc, ordered
for delivery around April l, 81 new
stream-lined motor coaches costing
approximately S225,O00
DOWER to arrest the move
i ment toward concentration OF
business in the hands of a few
large American corporations was
asked Of Congress by the Federal
Trade Commission. Henry Ford
expressed the belief that 1885 VIII
be much better for business and the
whole country than the year just
ended. . Frank N. Belgrano Jr.,
National Commander of the Amer
lean Legion, answered President
Poosevelf's statement on the bonus
question with the assertion that
every effort would be made TO
force such a measure through Con-
gress. Due to the fact that
substantial reductions in livestock
numbers have curtailed require
ments for corn, the likelihood OF
overprcductiOn of corn has been in
creased this year, according 10
Purdue University. . The aggre-
gate of grain futures trading on
the Chicago Board of Trade last
year was below normal, totallng
slightly over 12,OOO.OOOO00 bushels.
Thomas E. Wilson, chairman
of Wilson & Co. declared in a let
ter to stockholders that payment
of a dividend on the common
shares of the company would be
recommended to directors immedi-
atelv after consummation of the
recapitalizatiOn plan. E. Kirk
Mckinney. state manager of the
Home Owners Loan Corp, an
nounced that 1864 homes in In
diana have been saved from fore
closure and that $50, 469, 497 has
been diSburSed on these homes by
financial institutions of the state.
OHECKS in the amount OF ST.
~ l41.94O have been sent to In
diana farmers representing the
second installment of corn-hog adj
juStment payments The new
year marked the Inauguration OF
a , per cent interest rate on 5av-
ings deposits in member instltu-
lions of the Indianapolis Clearing
q House Assn. Previously 3 per cent
hal been paid. The eyes OF
the bvS' ness world were focused
on washington as the 74th Con-
gre-5 Ccnvcn~d. The Contl-
mental Can CO. announced that 1t
Will build a 100000 plant at FL
wood. md. The plant, which Is
expected to be completed IN time
for the next canning season, Will
employ between 800 and 400 per-
sons. The U. S. Government
ended 1884 with a deficit of $685.
935. 397 and a record public debt OF
sos. 478 663. 924, according to
Treasury statement. A report
of the Federal Land banks revealed
that more extensive farm real eS-
tate sales took place in November
than in any month of the II years
existence Of the system.
Msvor BANGS of Huntington, Ind,
continued to string power lines 10
private homes in defiance of a Cir
cult Court ruling. Secretary
of Agriculture Henry A. Wallace
saw further gains in farm income
during 1885 on top OF last year
increases. December customs
collections in Indiana aggregated
S2OS5 655. the largest total IN Oh
years. Heavy customs collections
on liquor imports accounted for the
sharp increase. Wray (. Flemlhg,
cofd