davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
PORKERS AGAIN
MOVE UPWARD
Prices Are Generally 10
Cents Higher on All
Classes.

Despite the wide function in
prices toward lower levels during the
last three trading sessions of the
week, porker prices at the Indian
apoliS StockyardS today showed
Slight strength and were near the
highest point for the week.
With supplies running Slightly un-
der the normal mark, most classes
in early trading were generally 1C
cents higher than yesterdays aver
age. Receipts were estimated at
5000 against 5000 yesterday. With
bad weather conditions in prospect
several traders predict that hog
prices will continue sharply higher
No particular interest was shown
in the various classes, but fairly
active demand prevailed on most al
grades. The bulk, 100 to 325 pounds
was selling at S770 to $50.
Few better grades were reported
selling at $8.15, while extremely
Hghtweights, ranging from 100 to
100 pounds, brought $5.25 to $6.25
Others, scaling from 100 to 100
pounds. cashed in at $3.50 to $3.50
Good packing sows brought $3.50 to
S72s. HoIdovers numbered 694.
Early activity was limited in the
cattle market with beef steers and
heifers scarce and unchanged at
yesterdays best prices. Cows were
active and strong. Bulk of steers
were salable under $3.50. Receipts
numbered 500. Vealers after reach
ing new high levels for some time
were sharply so cents lower, selling
at $11 down. Receipts were 600.
Only a slight change was evident
in the lamb market with natives
and fed western lambs stationary
Bulk of most of classes ranged from
50 down. HeavieS sold at $875
While throwoutS ranged from $3.50
| to $3.50. Slaughter sheep held al
$3.50 down. Receipts were 1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
Produce Markets

Delivered in indianapolis prices: Heavy
springers, 12e; large stays, &c; 1eghorn
geese. &c; young guineas, zoe; old guineas,
15c. Turkeys-No l young hens, 8 lbs;
and over. 15c; young toms, IA lbs. and
over. 15c; young toms, lila lbs. 13c; No.
q crooked breasts and thin turkeys. &c;
old toms, all weights. lie: No. l strictly
fresh country run eggs, loss of, 23c.
Each full case must weigh 55 lbs. gross;
deduction of l0c a pound for each
pound under SIS lbs. will be made. Butter
No. l. SIC. Butterfat-33c. quoted by
the Wadley Co.
(By United Press
CHICAGO. Jan. 5.-Eggs-Market un-
settled; receipts, 1915 cases; extra frsts,
291ac; fresh graded f1rsts 29c; current re-
ceiptS. 27c; dirties. 26c; checks, 2412c.
Butter-Market unsettled receipts, 6216
tubs; extra firsts (90-9112 score) 34Ac;
extras (92 scorel. 3434c; firsts (88-8912
score), 1924 d3234c; seconds (86-8712
score), 31G31l &c; specials, 1914 a 3524c;
standards. 33l2c. Poultry-Market steady;
receipts, 80 trucks; sps1dingers, lsc;, ducks
Eeghorns. Ice; capons, 6 to ! lbs, 2sc;
Leghorn hens, 16c; stays, 15c: hens 17l2c;
ROSTERS, lac; broilers. 21@2212c.. Cheese
Twins, 16@16l4c; Daisies, 12@1624c;
Lognhorns. 16l2@1634c. Potatoes-Supply
moderate demand and trading moderate:
market steady. Wisconsin round whites,
80G 90c; Idaho russets. S1.57I2M So fine
quality. 81 SIS; United States No 2. SIPS;
combination grade, S125; Michigan round
whites. Csc. Arrivals, 81; on track, 1877;
shipments, 365.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
FIRMNESS OF
UTILITY GROUP
STOCK FEATURE
Performance of General LiSi
Is Dull and !rreg-
lar.
By United Press

BIZ United Press
NEW YORK, Jan. 25.-Further
f1rmness in utility shares featured a
dull and irregular stock market this
morning.
United Corp. preferred passed
General Electric to lead the market
in activity. 1t rose to 292s, up rs
points, duplicating yesterdays gain.
Detroit Edison jumped 212, to 70,
on a few sales Federal Light and
Traction preferred jumped 5 points
to SIS, on a sale of 20 shares. Con-
solidated Gas, Commonwealth g.
Southern preferred and several
other utilities gained fractionaily.
Demand continued for fertilizer
shares, with Virginia Carolina
Chemical up points to a new high
OF 3d. Farm equipment shares were
mixed.
U. S. Steel was at 373s, off L.;
American Telephone 1895, off q d;
American Can 1872, off z; General
Motors 31as, Unchanged Chrysler
372s, up 3, and New York Central
1875, up T..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
CONGRESS AIMS
TO ASSAIL RFC
ON LOAN POLICY
Members to Cite Small
Number Made in Their
Areas.

By Scripps-HoicGrd Newspaper Alliance
WASHINGTON, Jan. 25.-Con-
gresSmen from the small in dustries
states are preparing today to put a
hrecracker under Jesse H. Jones,
chairman Of the Reconstruction Fl
nance Corp, for failing to make
loans to industries in their areas.
Powder for the frecracker will be
compounded. from RFC statistics.
According to figures from Mr..
Jones Office, as supplied to one of
the congressional critics. only ST.
oO5.O31 in actual cash has been dis
trlouted to small industries by PFC
since 300 millions of RFC funds
were earmarked for that purpose
last session.
Only 6S1 Approved
AS of Jan. Is, just 681 such loans
had been approved, amounting to
S36,958753, this Congressman was
told. They ranged in size from $500
to 100000
One complainant reported that a
small manufacturer came to wash
ington with S150.OO0 in bona fide Or
ders for his products, but couldn't
borrow enough from RFC to get his
plant started and meet the first
pay roll. 1t would have taken 400
men of relief, according to this
version.
1t was for just such cases that the
money was earmarked, the Congress-
men contend. An additional $3.50
100000 was sent to the Federal Re
serve banks for the same purpose.
but House members expected that
the RFC would be less strict in
lending.
Instead, the reverse has been
true.
Beckman Report Cited.
Additional ammunition for the
Jones critics has been found in the
Beckman report prepared for the
small industries committee of Sec
rotary Roper's Business Advisory
and Planning Council.
In this report both the Federal
Reserve Banks and RFC are criti-
clsed for failure to make loans to
small industries, and definite recon-
mendatlonS are made for liberal
ization. The report points out that
the money was earmarked to RFC
for the purpose of maintaining and
increasing the employment of
labor"
1t charges that the RFC has lost
sight of this purpose.
What stand the Roper Council
took on the report was never dis
closed by the Secretary of Com
merce.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
WIRE MONOPOL
AFFECTS $4,000
Western Unions Employees
at 47,80O, PostaPs Set
at 1900.
By Times Special

By Times Special
NEW YORK, Jan. 25.-Unif1ca-
ton of Americas telegraph service
would affect about $4,000 workers,
it was estimated today. The merger,
which was recommended yesterday
by the Federal Communications
Commission, is being considered by
Congress.
At present Western Union en-
ploys about 1890 workers and Pos
tai Telegraph about 16,700. 1t is
estimated that wages and salaries
of these employees consume ap-
proximately two-thirds of each
company's annual revenues.
On this basis, the present pay
roll of Western Union is roughly
$60,000,00O annually and that of
Postal Telegraph about 3,750,000.
In normal" times the pay roll is
considerably higher.
The industry has employed a to-
tai of $4,000 workers. Little change
in employment took place in 1884,
as compared with 1888.
In order to safeguard workers
from the effects of the proposed
merger, the Communications Com
mission has recommended that an
nuitieS or dismissal compensation
based on age and service be re-
quired as a condition Of discharge
One of the major benefits of the
merger would be the lowered oper-
ating expense made possible by joint
operation of the two wire systems.
The major portion of this decrease
eventually would come from pay
rolls, but by not filling places left
vacant by retiring employees and
other workers dropping out in the
normal course or events, it is be-
lieved that undue hardship on the
workers would he avoided
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
On Commission ROID

prtee S'1 Being offered to buyers By local
FruitsNCranDerries. Cape Coo. late
Howes. 25-lb. COX. Ss.2S. Grapes; Cali
Simmons. Califorl. 24> sI.S5. Bananas.
4s1c q 10 Apple Indiana Jonathans.
81 IS: Grimes Golde Sl50Gl65. Lemons,
SunkiSr S6Os. IS. Grapefruit Texas. seed
less sS25. Lines. Mexican per carton
California rhubarb. 75c a 5-lb. box; Pears
OREGON Danio. box $3.50. PineapDieS. sos.
S425T4 so Advocados. Florida. box. 50.
Strawberries. Florida. pint. $50. Apricots.
IS a crate
Vegetables Cabbage, Northern Dan
New Texas Cabbage. 5O-lb. bag. $3.50.
onions Idaho. sweet. Spanish, large; 50-lb
bag 81 IS Michigan yellow. med. lob. br-
22c: western white. s0-lo. bag. sl-S5: Mich
white. 100-lh bag, Sl.20: Ohios. 100-lb. bag.
S2lo; Idaho RussetS l0o-lb. bag. S2.l0. New
TexaC potatoes. SI.s5. Sweet pota-
toes. iIIelaEa JERSEYS bqshei, 81 rs; Ten
StringleSS hampers. $3.50. Celery. Michigan
mediur1. dozen. .75e; Jumbo. dozen. soc:
hearts bunch. 81 60 Cucumbers. dozen
g 50: southern bushei. g. Endiye' dozen.
Virginia bushel 6Oc. Lettuce dollhouse.
Is-lb basket. 81 60 Arizona Iceberg head
lettuce. S3.75 Manages Florida. crate.
S4.S0q5. Mint bunch. l5c. Parsley. dozen,
Sc. Peas. hampers. $3.50. Spinach. home
dozen. CSC. Tomatoes. lob. carton. 81 so;
Florida original. S2I5 TuTnips. buShel. 75c.
ParsuipS. huShel. Si-35. BeetS. ouShel.
sI25. Carrots. bushel SI.25: l00-lb. sack.
Al quotation. subiecs to change up OF
down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
Hides and Skins

Hides-Greer country cows and steers
&c dat; greer country bulls and Clues
2lac 1T; green country calf hides, 41ac;
fat; green country kip, &c; No. /. large
horse hides with full heads. shanks. names
and tails s275. medium size 1925. All No.
2 grade horse hides soc less; Clues and
4G4isc; No. . at value. yellow grease
3I203Xc; dark grease. 363Ac.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25


What are baby bonds? What
is meant by a discount basis?
What is to be gained by such a
venture? These are some of the
questions that have been asked
since the measure was introduced.
Baby bonds" are given that
term because they are really that
in contrast to the general bond
obligation, which is almost uni
versally in $1,000 denominations
Under the present arrangement
the bond market is virtually closed
to the person having a limited
amount of savings. This impede
ment would be removed immedi-
ately under the terms of the newly
introduced measure.
TT is contemplated that the
l. Treasury sell future bond is
sues in denominations ranging
from as low as $25 to as high as
$4,000. However, this does not
mean that only the person with
$25 or more would be able to par
ticipate in the bond sale. The
fact that the obligations will be
sold on a discount basis" will
make it possible for persons with
less than $25 to come in on the
deal, if they so choose.
Instead of paying the face
amount of a 10-year bond valued
at $25 and receiving 2 per cent
interest yearly, the person of linn
tied means will be able, under the
discount basis" arrangement, to
buy a S25 baby bond" for $40.
However, he will not receive any
interest on the bond until the ma
tllrity date, when the accumulated
payments over the 10-year period,
plus his principal, are paid to
him.
Thus a person who buys bond
for $40 will be able to redeem it
10 years later for $25; a person
paying $40 will receive $50; a per-
son paying $50 will receive 500,
etc.
WHEREFORE, selling baby
Il bonds" on a discount basis"
consists of the Treasury offering
bonds to investors at a discount
from the value stamped on the
face of the contract. This dis
count actually represents the in
terest on the obligations, which,
instead of being paid quarterly
or Semi-annually, is deferred I'M
til the bond natures.
Can such a "baby bond" be
readily sold or must it be held
until maturity? If John Jones,
who invested $40 in such a way
finds at the end of five years, that
a doctors bill must be met, and
he is in need of ready cash, he can
sell his bond for $22.50. This fig
ure is the price he paid for the
bond, plus the accrued interest
for five years.
When, as and if such a pro-
gram is adopted by the Govern
ment it will mark the first time
since the World War that the av-
erage person of moderate means
will be in a position to own
Government bond. At that time,
it will be remembered, the Liberty
Loan drive made it possible for
people with limited money to pur-
chase Federal obligations.
Tomorrow-Its Advantages.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
JOHN HANCOCK AGENTS
TO BE FETED TONIGHT
Barton Rees POgue, Entertainer
Will Be Present.

Bartan Rees Pogue, well-known
after dinner entertainer and author
of The Litter of Laughter" will
help make the banquet for John
Hancock Mutual Life Insurance
Co. agents and their wives a zeal
gala occasion, tonight at the .ndi-
annapolis Athletic Club.
Dan w. Flickinger, general agent
Tor the company in Indiana. has
appointed NJ. E. White OF Kokomo
POSTMASTER at the banquet.
Approximately 80 me2 will be
honored at that time with pro-
duction prizes, following very sue
cesSful six-week sales contest.
Toastmaster White leo in paid pro-
duction during the entire cam
paign.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
SHARP Squirt SHOWN
IN HUDSON SHIPMENTS
Volume for 1884 Up 1894 Per Cent,
Company Announces.

Company Announces.
Hudson Motor Car Co. shipments
for 1884 aggregated 1886 cars, in
Guiding both Hudsons and Terra
planes, the company announced to-
day.
This total, in addition to repre-
senting an increase of 1894 per cent
over 1888 shipments of 1882 cars, is
the largest reported for any year
since 1880. The figures include
Canadian and export shipments,
which were 159 per cent greater
than in 1888.
Based upon the above figures,
Hudson's percentage gain in 1884
was far greater than that report
ed for the industry as a whole. Ac-
cording to the latest official figures
covering the calendar year 1884, the
industry's shipments totaled 1885,
900 cars, an increase Of Ali pei
cent, compared with 1925 cars
shipped in 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
NEW REFUND PROPOSED
Railroad Credit Corp. to Release
Fourteenth Distribution.

BIZ Times NpectdI
WASHINGTON, Jan. 25.- "A
liquidating distribution of $726,166,
or l per cent, will be made by the
Railroad Credit Corp. to partici-
pating carriers on Jan. 81, E. q.
auckland, president of the agency,
declared today.
This will make the fourteenth dis
tribution which has been voted since
liquidation began in June, 1888, and
will bring the total amount dis
tributed to 1858, 344, of which
SIS, 442,5 65 is cash and S11.910,779
credits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
U. S. USE OF SILVER
ABOVE OTHER NATIONS
Nom Coinage Consumption in 1884
25,OOO,OOe Ounces.

By United Press
NEW YORK, Jan. 25.-The United
States continues to be the largest
consumer of silver in the arts and
industries of any other country in
the world.
During 1884, America consumed
100000 ounces of silver for pur-
poses other than coinage, an in
crease of 100000 ounces over the
previous years consumption.
About half of this total was used
for silverware which, because of the
low price of silver, is now brought
within reach of people of moderate
means.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
GRAIN VALUES DROP
ON MODERATE SALES
Little Attention Paid to
Alien Improvement.
By United Press

By United Press
CHICAGO, Jan. 25.-Grain prices
turned lower on the Board of Trade
today when a mild wave of liquida-
ton overlook the market.
At the start wheat was unchanged
to Z cent lower, corn was OF 4
to y cent, oats were unchanged to
off Is cent lower to Is cent higher.
The trade paid little attention to
early strength at Liverpool. Little
activity was noted here and in gen.
eral operators resumed their waiting
attitude.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25

from dc r so by
r 2 on o. The fact
thu fh &c deals
gu b e.. othe~
" u s prospective
7. @u-ities and
z Commits
sion wise IL
cir - froWn on
these transactions,
it is said, be use
they constitute eva
sion Of a law it is
pledged tc uphold.
p pnOrtc = q y a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
CEMENT USE HIGHER
Gain of 10 Per Cent Over 1888 Re-
ported During 1884.
By Times Special

CHICAGO, Jan. 25.-While use of
portland cement was still far below
the average for the last five years,
there was a gain of about 19 per
cent in 1884 over 1888, E. j. Mehren,
president of the Portland Cement
Association, declared today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
ASSETS REGISTER GAIN

BIZ Times HpectuI
SPRINGFIELD, Mass, Jan. 25.-
Total assets of the Massachusetts,
Mutual Life Insurance CO. as of the
close of last year amounted to S498.-
589. $3.50, contrasted with S469, 015,312
il the preceding year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
DIRECTORS REELECTED

DETROIT. Jan. 25.-At the an
nual stockholders meeting, of KEEL
vinator Corp, the following direc-
tors were reelected: j. S. Bache,
Percy j. Ebbott, George w. Mason,
H. G. Perkins, H. T. Pierpont, Ernest
Stauffen Jr., Merlin Wiley.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
Wall St.
Sale Of Securities
Direct Drawing
SEC Attention.
by RALPH HENDERSON,
Times Special Writer

NEW YORK, Jan. 25.-Severai
= ' corporations IN recent months
have sold large blocks of securities
to banks, insurance companies and
small groups of other large in
vestors and in doing so apparently
have successfully evaded the Secur-
tiles 1T. Underwriting houses in
Wall street would like to extend
their / st los. but are prevented
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
What Does 1t Mean?
Baby Bonds
Treasury May Float Such Obligations Having Direct
Appeal to Persons of Limited Means.
BY VINCENT S. Lyon
Times Financial Editor

1hS the first OF articles exaning the contemplated
OF the United bonds in
meth
LEGISLATION has been introduced which would allow
the United States Treasury baby bonds
The pubic as part OF the gigantic borrowing
parenhetcay
matuties be basis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
Other Livestock


(By united EreSSD
1898 nSSs6Ps 39sS dFSf5s s2" SSfay
b Sove 2SS 9 s1 1895 fSp g. 1892
m 4GOsfo p5 ght sRts G
lbs: good 60 and nd choice, s71O@7 S. light
egh 90e eu@ 6S weES GS2a 2 20625 enP Bs
good and choice, s775G8; heavy weights,
25O-35O lbs. good and choice, $1,000:
choice, S625@765; slaughter pigs 1oo,14O
lbs, good and choice. S525M735. Cattle
Receipts: 1000 commercial 100 government:
calves. 1000 commercial 100 government;
fed steers and yearlings comparatively
scarce in run: rather Slow but mostly
steady; edge off market for all she stock;
to weak; holding best weighty steers above
S12; good 1900 lbs. at 81; most warmed
Steers $7@95O better grade heifers prac-
COWS mostly $2.56aS,75; bulk yealers, sa@
and veaiers. steers $4,000 lbs good and
choice, s8.75@12; 9oo-11o0 lbs good and
c cP0ce S lbs g good AND
choice, S975@13; 55O-13OO, lbs, common
and medium. $4;75@9 IS: heifeGs.. 55oc75
mon and medium S450@85O; cows. good
$500 81; common and medium, s3.75M
$50; ow cutter and cutter, s225q3:75;
s4.25@ $50; cutter common and medium,
Sass so: yearlings. good and choice, $50
IL msdum s1@S :eG Gg c anq com efae2a S5
1850 lbs. good and choice. -S5.5od IT'S;
common aud medium, 81. 5OG $50 Sheep
aGeptb 5000 Saughfg v S Stesdy on larry 6
ferings now heid Csc and more higher:
feeding lambs little changed; bulk slaugh-
a 4oun a0 held sr 2 s%ss pSSsS m naE
dd c@as s?od dne sad a dhotes ~
ibSii good mar and IN choice. s. SOFAS 25 ali
weights common and medium, S3G4: IS
Feeding lambs, 50-75 lbs, good and choice
s7@8.
w 5sSES 4, ian 81 S5 255so iS: t9 lgc
$50 lbs. iV s775 15o-lso lbs s725 14oi5O
rs 159ltg 6s sea- g SG 81 sta ABS
$3.50. Calves-s1l. Lambs-s8.75.
LAFAYETTE, Jan. 25:m1Market 1ogII5c
2ss25o lbs $3.50 2 80 lbs s775 255o
iSo is s7so $50 1915 ibs So 1915 5s
s795; 14oc150 lbs, 81; Ioo-l4O, lbs, s5;25S
675; roughs, 81 down: Native lambs, So So;
wy ''' (By Times speciaD
LOUISVILLE Jan. notwithstanding,
steers and heifers, s5a725; better nm
ished absent early eqotable s7.5oas.5o;
S.; -N low cutters and cutters. s175G3; sau-
sage bulls mostly s4.25 down; heavy
weights higher. common to medium stock
Hereford stock calves mainly s6d6 so.
Caives-Receipts. $50, including 100 stock
calves; vealers steady; bulk good TO
| So SO down 20 around SIS for light cubs.
| Fogs-Receipts. 500 market SC higher;
top and bulk desirable, dSo-275 lbs, Sc;
! i40-i55 lbs. $685.; I2O-135 lbs. $3.50;
| sows. 1925, Sheep-Receipts, IS; gen.
/ erallv steady: medium to good lambs
! ouotable s75068 so; choice up to SO OF
| better: light throwouts s6. and fat eve;
| salable s2.50d3.5o
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
CBy James E. Bennett)
LOCAL CASH MARKET

City grain elevators are paying SO cents
for No. soft red wheat Other grades
on their merits. Cash corn No. yellow
so cents and oats IS cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25

reached the Street that it intends
to do something about it, and the
boys are rather curious to know
how this can be done.
The Securities Act does not re-
quire registration of securities
which 10 not enter into interstate
trade. and the issuers and the pur-
cnaserS are assumed to have been
careful to avoid interstate dealings.
The possibility may or may not
exist, however. that at some later
date some of these securities may
find their way across state borders.
IT remains to be seen whether the
L alterations which have been made
in the commissions rulings govern
ing the issuance of securities +
long-established corporations will
eliminate shese practices of direct
sale. It would seem to be rather
doubtful that such will prove to be
the case. The .arge institutions have
huge amounts of idle money, and
the corporations have discovered
that they can save money by going
direct to the purchaser.
The method has one important
handicap, however. The portfolios
of the purchasers are likely to re-
feet lack OF diversification if the
practice is continued. Their funds
are likely 20 be tied up in too few
corporations Investment author
tiles are inclined to frown on such
conditions.
OF course. If the Securities and
~ Exchange Commission finds its
hands tied in coping with this sit
uation it is possible that the bank
ing and insurance authorities will
have something to say about the
practice in so far as it comes within
the scope of their powers. And If
the banks and insurance companies
are obliged to divest themselves of
part of their holdings in some of
these concerns they may find it
difficult to resell them in view of
the fact that they are not regis
tered.
While it is to be assumed that
the banks which have made pur-
chases of these securities knew what
they were about and did not tie up
too much CT their funds in such
fashion. the banking department
would do well to check on their
operations. Liquidity is an impor-
tant factor in a banking portfolio,
and unregistered securities certainly
are not as easily converted into cash
as are those which have been issued
in compliance with the law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-25
Retail Coal i Prices

The following prices represent quota
lions from leading Indianapolis coal deal
ers. A ascent carrying charSe per ton
will be added.