davidaulloa/AmericanStories huggingface dataset:
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24
To Hold Halloween Fair

There will be a Halloween fair I'M
der the auspices of the young ladies'
class of St. Paul's NJ. E. church in the
Knights of Pythias Hall this (Thurs-
day. evening. The festivities will be-
gin at seven o'clock.
There will be bingo, bobbing for ap-
pies, fishing, telling of fortunes, the
hall of mystery and refreshments of
cake, gingerbread, pies, candy, cider
and pink lemonade. The public is in
vited.
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24
Garrett C0untian Held On Fed
eral Charge

Harry 0. Rodeheaver, of Kitzmiller,
was arraigned last Saturday before
United States Commissioner William
A. Vandegrift on a charge of posses
sion of an unlicensed still and untaxed
liquor. He was released under $1,000
bond for action Of the Federal court.
Federal agents stated that they had
watched the still four nights to catch
Rodeheaver before he made his APP
pearance,
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24
SwantOn Church Supper

Members of the Womans' Auxiliary
of the Anderson Chapel, Swanton, are
planning to hold a Harvest Home
chicken-oyster supper in the church
next Saturday evening, October 26
from five to eight o'clock. The ladies
invite the public to attend. There will
be a special door prize offered. The
price is 35 cents per plate. You are in
vited to go and take your friends.
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24
Rain Brings Cooler Weather

Fair weather has prevailed gener-
ally during the past week with tenn
peratures ranging from as high as
IT to as low as 2H
A rain on Tuesday night and We'd
nesday, totalling .68 inches, however,
brought cooler weather to the noun
tain top.
The readings throughout the week
are as follows:
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24

w. T. Tibbetts returned Saturday
from Cumberland, where he had been
patient in Memorial Hospital for a
minor surgical operation.
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-10-24

Subscribe for The Republican.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
NelU York Curb

by Abbott, Proctor & Paine
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
HOGS feature
WEAKER TREND
UnderweightS Continue to
Show Better Tone
Than Others.

Hogs continued their downward
trend this morning at the stock
yards with drop of to 90 cents.
Underweights showed a somewhat
steady tone compared with others.
For 100 to 1926 Founders prices
ranged from 5000 to 5000, with
a top of $1035.
Weights of 225 to 275 pounds
brought $40 to $10.15; 225 pounds
up. $685. to 1895; 100 to 100 pounds,
1918 to $1025; 100 to 1870 pounds,
50 to 1925. Packing sows brought
$3.50 to 1925 with a few selling at
$3.50. New arrivals we're 5000 with
IS holdovers.
In the cattle market steers were
slow. little done during the morning.
Undertone was lower Bulk Of eligi-
bles were for sale under Sill She
lock was slow but around steady, a
few heifers going at $1,000. the bulk
under So. Beef COWS brought $425
to $3.50; low cutters and cutters
50 to 81 Bulls sold mostly at $5.75
down. Steers were SO cents higher,
good and choice ranging from $1,000
to $11. Cattle receipts were 1900;
calves, 700.
Lambs were steady, the better
grade of eve and wethers selling for
$685. to $3.50 Bucks were discounted
so cents to ST. Slaughter sheep
brought 81 to 81. Receipts were
1900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
N. Y. Bonds
Reprinted From Late Times Yesterday
DAILY BOND INDEX

Copyright, 1885, by Standard Statistics
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
On Commission ROLU

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers:
FRUIT-Cranberries early blacks, 2S-lb.
box $685. PearS-MIchigan BartlettS.
bushel 81 IS; AvocadoS Florida. box S2.25
CantaloupeS- California Honey DewS 50 So
Casabas So IS; PersianS S262.25. Bananas
u hands. pound. SIS. GrapeS-Mlchigan
l2-qt basket. $50 PerSimmonS, Indiana.
I2-pt case, s. >, Apples - , indiana clam
81 Delicious. Sl5Oal IS, Wealthys, 81;
Grimes Golden large $l.35. Lemons
-SunkiSt 96OS. 81 1925 81 Grape
fruit. Gas 20 70s. So so Limes-MeXican
carton Us, 2oc; Persian seedless a
hundred, So
less bu 81 SO. Beets- Home grown. doz.
zoe. Cabbage-New YORK, 50-lb. bag,
75c Carrots-Home grown and Ohio. soc;
new bulk. half bu.. Csc Caulltlower-Colo-
RADIO, lis, l2S crate, 81 90 Celery-Michi-
gan, washed and trimmed. Jumbo dog
CucumherS-H othouSe, doz. box, 50.
Kale-Home grown. bu soc Lettuce
Iceberg. California, best. SS75; home
grown leaf l5-lb. basket, soc Endiye-
bu., 81 SO; small basket 4oc. Mnt-Doz.,
SOC MuStard-Home grown, bu.. soc
OnionS-Indiana yellow. 50-lb. bag 90c;
Indiana white, 50-lb bag, 81, Utah Span
Ish 50-lb bag, 40. ParSley-Home grown
COZ 35c. Peas-Telephone, hampers, So
a IT'S PotatoeS-New Jersey CobberS, 100
10. bag. 81 so: Michigan Round White. 1907
10 Gag STAG. Early OhioS bu 81 80;
Idaho RusSets, 81 90 Sweet potatoes-In-
diara Jerseys, bus. $50. RadiShes-Ohio,
4se spInach-New Zealand. bu, Csc.
SquaSsh-Bu., 81, Turnips-New bu., slI5;
bunch doz.. soc. TomatoeS-California
repacked. lob. carton, 81 IS, Doz., soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22

antee the profits Of industry, to I'M
derWrite the output Of factories, to
subsidize production in various ways.
A United states Senator said to
me last year: When a government
starts TO pay subsidies or bonuses or
to give money aid to any group, it
is as certain as life that some other
group will very soon demand the
same thing. Then other groups
which are adversely affected by
!nese aids will clamor for aid. The
system will spread until it dominates
our fiscal and industrial policy"
Government aid in this country
began with cotton manufacturers
1t took the form of a tariff That
increased the price of textiles to
users, but it filled other producers
with a desire for the same medi-
cine. The history of the spread Of
tariff aid until it affected all our
industry and finally infected the
world is we'll known. The whole
tale need not be told.
But in the fullneSS of time the
farmer, who could not get the ben
eft of tariff, because he was eX-
porter, began to demand something
that would "equalize the tariff"
/ Which, of course, he had to pay on
other mems products. Finally un-
der Mr.. Hoover he got the Federal
/ Farm Board and price pegging,
which failed, and now under Mr.
Roosevelt he gets processing taxes.
Inevitably limitation of farm out
put raises farm prices and process
ing taxes increase the cost to the
manufacturer of cotton goods. His
trade IN the world market suffers
because of high price So now he
demands that he be given some
aid from the government to equal
lze the effects of processing taxes"
So ne demands subsidy, a pay
ment by the government to him of
benefit on every yard of cloth he
sells abroad so that he may sell it
cheaper abroad.
But who will pay this benefit to
him? Not the government, for the
government has nothing. 1t must
| get its funds out of the hides of
the people. Who then will be the
next to demand equalization" when
the export subsidy gets into being?
and who will equalze things for
the eternal taxpayer?
Copyright, 1885. NEA Service. Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
GROUP
NOW SOLICITING
FEDERAL HELP
Wallace Asked to Use Funds
to Stimulate Exports
of Goods.
BY JOHN T. FLYNN
Times Special Writer

NEW YORK, Oct. 22-Tha latest
candidates in the field for a little
government money are the New
England cotton textile manufactur
ers. At meeting in Boston they
passed a resolution calling on the
Secretary Of Agriculture to use the
funds he has to stimulate export of
cotton goods. The word subsidy is
not used in the resolution. But l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
Chemicals
Drugs
Financial

Adams Exp .... 8
Allegheny Corp /
Am Int Corp -. s
| Chesa Corp -. As
| Lehman Corp -. %
J Transamerica :. 8
TT Cont Corp. Z
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
BUSINESS TO IMPROVE
IN NEXT SIX MONTHS
DR.. Harold Moulton Points Out Fac
tors to Aid i'll Recovery.
By I HitCd Press

BU tHttCd Press
PITTSBURGH. Oct. 22-Business
conditions during the next six
months will improve according to
all available evidence, Dr.. Harold G..
Moulton, noted economist and head
of the Brookings Institution of
Washington, said here today.
He said three factors will aid in
the recovery movement They are
The replacement of machinery in
the nations industries; an increase
in construction, particularly in the
housing field, and the momentum
Of the recovery effected to date.
The government spending poll
cleS have been a two-edged sword.
both helping and hindering recov-
cry. Fears of those predicting an
other boom and then collapse are
groundleSs. Even if recovery is eff,
fected, there will still be uncertain
factors which will tend to keep bust
ness from becoming too optimistic, -
DR.. MOulton stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
CREDIT INITIATION SEEN
Reserves Nearly 3 Billions Above
Needs, Publication Says.
Times SpccinI

1 tHtCS NpCctut
NEW YORK, Oct. 22.-Currencv
imitation may not be in the cards,
but credit initiation looms as a dis
tinct possibility, the Financial World
declared today, in its Oct. % issue.
Largely without the aid of the
international gold flow" the pub
LEGATION said, there has occurred an
accumulation of reserves nearly
S3,000,000,000 above legal require
ments. The most important of the
factors which have affected this
growth Of reserves has been govern
m.ent financial policy and sales OF
bonds to finance the tremendous
New Deal deficits continuously Gre
ating new bank deposits"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
! cent higher: HEAVY breed hens. 16c;
Ltegh9 PR, breed hens, l3c; sPringers. over
up, l2c; Leghorn springers. 12c: ducks.
white. lbs and up. SC, geese. full feath-
cred and fat. &C: guineas, l5c each. No.
eggs, lac Each fIii case must we weigh his S.
lbs. gross, deduction Of l0c a pound
under IS lbs. will be made. Butter. No.
2. 23c. Quoted by the Wadley Co.
by United Press
CHICAGO: Oct. 22-Eggs-Market, firm:
receipts, 1912 cases; fresh graded flTsts.
ket. firm; receipts, 1919 tubs; extra frsts
f90-9ll2 scorei 261zm27c: extras 90
sc9oee!. 2753c; f 5s 3, 1892 ssoTeI 25.a
Gals. 2aG23I2c standards 27i4c: cent.
89m csc; cent. 35G2512c. Poultry-Market.
steady; receipts 40 trucks: ducks. l50 lie;
lI@l9c; turkeys. 16@ 22c; Leghorn hens,
liN1 old ROSTERS. 15c. Cheese-Twins.
l534M l6c. Daisies. l6i4N16l2c; LonghornS.
heavy: demand slow: market about STEADY.
Idaho Russets sl35Hl45. commercials,
sl.20: U. S. No. 2 sl.l5; Triumphs. sl.25;
South Dakota Early ohios. 75c. North
Dakota Cobblers showing freezing injury.
SIS N85c; Red River Ohios Csc: Bliss Tri-
muhDs, 85c Colorado McClures. sllo1
1.17lz.
CLEVELAND. Oct. -Butter-steady:
extras. 3li2c: standards sic. Eggs
Steady: extra whites 33c; current re-
ceipts 27c: pulIets 81. Live poultry
Weak; colored fowl, heavy. pc; Ducks.
5 lbs. and up lSc. small i5c' turkeys.
Young: lbs. and UP. No. /. 23c; No. 2.
l8c Potatoes 100-lb bags Maine $3.50
q 40: New jersey 1880 20 Ohio 90D
10: Michigan. s5G 90c Idaho. 35G2;
North Dakota. sii0: Wisconsin. SlNI.I0
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
SEC DISCUSSES WAYS
TO IMPROVE FORMS
Issues Ruling to Clarity Liability on
Underwriting.
By Times Special

By tmeS Specldt
WASHINGTON, Oct. 22.-After
issuing a ruling clarifying the under
writing liability under the Securities
Act, the Securities and Exchange
Commission is beginning to discuss
ways and means of improving forms
Al and Az, used in registering new
securities under the law, it was
learned here today
The SEC, in issuing the recent
ruling, announced it has taken &C
ton to make it clear that security
dealers receiving only usual and
customary sellers commission from
an underwater do not incur under
writing liability although they might
appear to do so because Of the inter-
relationship between the actual uIl-
derwriter and the issuer."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
LIFE INSURANCE SALES
SHOW RISE IN MONTH
Slight Gain Reported for Twelve
Months Period Also.

September sales of life insurance
in the United States were per cent
ahead of the corresponding month
OF 1884, according to the monthly
report of the Life Insurance Re-
search Bureau, which gives sales by
states. Sales for nine months are
approximately the same as last year.
Figures received from companies
having more than 90 per cent of the
ordinary insurance in force in the
United States formed the base Of
the bureaus report.
A Slight gain was reported for the
Il months period ending Sept. 30,
compared with reports Of year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
r etail Stores
Aviation

Boeing Aircrft .. 49,,
Curtiss Wright 8
CurtiSs Wri tAl. IS,
Nor Am Av ..... A,
Sperry Corp 49,. 12i.
Uni Arcft new 2I3
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
TRUST ISSUES REPORT
Ca Receivables Net S2,O26,2S0 in
Period Ended Sept. so.
By Times Special

NEW YORK, Oct. 22.-The Mas
Sachusetts Investors Trust today is
sued quarterly report for the three
months ended Sept. 80, showing net
assets of S62, 657 ,248 represented by
securities with a market value of
$50, 630,968, and cash and receivables
amounting to S2,026,280 net.
During the first nine months this
year net asset value a share in
creased 1872 per cent, from 1880 Dec.
81 1884, to S2166 on Sept. 30 this
year, the report stated. The book
cost of securities owned as of Sept.
80 amounted to S52,947, 604.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
STATE RAISES
TARIFF WALL
WITHIN NATION
WaShington's New Tax on
Imported Merchandise
Widely Studied.
ByJJrifcd Press

By omitted Press
OLYMPIA. Wash. Oct. 22-Ap-
proved by the State Supreme Court
as within the bounds of Interstate
Commerce laws, Washington new
est levy-a per cent "compensa-
ton tax" on merchandise import
ed" into the state to avoid the per
cent retail sales imports being
watched with interest by tax au-
thorities over the nation.
The measure was enacted by the
1885 legislature to protect cities
along WashingtonS border which
would suffer from large purchases
being made from Oregon merchants
instead Of in Washington
To get around Federal ConStitu-
tional bars against taxing inter-
state commerce, the legislature
levied the compensating charge on
the privilege of using" these puT-
chaseS like automobiles and washing
machines within the state.
Upheld by State Court
The Supreme Court held it legal
on grounds it was not a tax on in
terstate commerce. but on the ar
ticle after it had come to rest IN
Washington.
The idea was conceived by the
Washington State Tax Commission,
which asserts it is the first of its
kind in the United States. Since
the Supreme Court upheld its valid
lty, numerous states, especially those
| also having retail sales taxes. have
begun studying the levy closely with
view OF adopting it to protect their
own merchants.
The Washington impost eXempts
all purchases under $50 month
and also any article which has been
subjected to a tax equal or larger
than the 2 per cent compromising
levy, either by the Federal govern
ment or other states.
Scope Not Fixed Yet
The exact scope of the compen-
Sating tax has not been established.
The Northern Pacific Railroad asked
the Supreme Court not to rule on it
as it affected engines, rails. cars
and other equipment used in this
state and purchased elsewhere. A
separate suit may be filed to test
just how far the state can go in
taxing railroads, telephone COM
panieS and others in interstate COM
merce.
The tax commission also has A
suit before the Supreme Court test
ing whether it can levy the states
business tax on gross revenues of
M n-Walsh-AtchinSon- Kerr Co..
contractors now engaged in building
the S63, 100000 Grand Coulee dam.
The company contends it is an
agent for the Federal government
and not subject to state taxation.
Should it lose the business tax suit.
the way might be opened for the
commission to require the company
to pay the compensating tax on ma
chlnery, cement and the millions of
dollars worth of other materials
brought into Washington for the
dam.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
RAW HIDE STOCKS OFF

By Times Special
NEW YORK, Oct. 22.-Raw hides
stocks at the end of August stood
at 6,431 900 hides, the New York
Commodity Exchange reported to-
day. This compared with 6,463 900
at the end of July and 5,151 900 on
Aug. 81 1884
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
INVESTMENT INDEX OFF
BIZ Times Special

DU I IHUto SptUIUI
NEW YORK, Oct. 22-The COM
mon stock index of 10 leading man
agement investment companies
moved lower last week. Distributors
Group, Inc, announced today. The
index for the week stood at 1915,
compared with 1541 at the end of
the preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
Other livestock


CHICAGO, Oct. 22.-Hogs IL
600 including 1000 directs market. slow.
l0dl5 cent lower than Mondays average;
s9Ss v Sak f lSos5o 'f bs 1875 @
800 lbs, 500 TO- 80. Better grade 140-l60
lbs $685. So 1925. Best sows, $40; Cattle
-Receipts 1000, calves 1900; Strictly gram IN
sirable cattle suitable, for shippers not
very plentiful; bulk selling at sly %. SOW
killers Stockers and feeders 25 to 40
cents lower for weak to date; but fairly
active at So down to $3.50. All cows dull
Light bulls weak. Others steady veal
ers, rs to so cents higher at $50 10 Is.
sheepReesptSs 1000 lat as sm0S co mGdeT
ing quality and condition; sheep and feed
ing lambs firm; bulk. good to choice west
ern. s9G9.5o Best here $3.50 but strict
yard traders. 1915. Bidding 1925 on most
others now held around $3.50. Slaughter
ewes eligible s3G4.5o. Choice feeding
lambs $3.50.
ke tA stead7 to zoe mo lower : 1920 lbs sio
gOe 21o235 lss S92P 6s 2s52so
$50; lOO-l2o lbs, s8:75as; roughs;. 50
down; calves. $40 down; lambs, $3.50
down.
F2 Or WAYNE so BOD 1:t 90
70 AUG IOWeI, 1ou-SUO lOesf oo.oOf 1VO-SGO
lbs. SO 80. 22o-24o lbs. 1855: 240-28O
lbs. SO so: 10000 lbs s9.40; 300-350
lbs $500; 150-160 lbs, SO. IS l40-l5o lbs.
SO so: 130-l40 lbs. SO IS: l20-l30 lbs, $40;
1lo-120 lbs. 1855; 100-l10 lbs SO so;
roughs, ss.25; stays. $3.50. Calves-slo.5o;
lambs, SO.
BY Times Special
LOUISVILLE, Oct; 22.-Cattle-Receipts,
400. salaole supply Of slaughter cattle light.
demand fairly broad. market active fully
steady; bulk common TO medium grade
light grass steers and heifers. $1,000 rs.
better finished offerings quotable s7.500
g. bulk beef cows considered salable san
5; practical top. $3.50; most low cutters
and cutters. s3d375; bulk sausage bulls
s405 5; stocker and feeder trade slow. most
" steady. Calves-Receipts 225: market
steady: bulk good to choice vealers. s9n
10 medium and lower grades including
heavy grass calves, $3.50 down to around
IS. Hogs-Receipts. 500: market Csc low
er top and bulk better: l8o-240 lbs. SO 90
1925 lbs, SO. 40 800 lbs. up, So; l60-l75
lbs. $40; l4o-l55 lbs. sass: l20-135 lbs.
$50; sows s7.55. Sheep-Receipts, 300
Lambs in very light supply: market gen.
orally steady. most better lambs. d8.50;
choice o'iotahle higher. Palmer grade
lambs. including bucks. mainly S. 50d Z. so +;
light culls down TO 81; bulk fat ewes. So. so
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
GENERAL FOODS EARNS
S2,907,715 IN QUARTER
Net Earning Equal to SIS Cents a
Share on Common Stock.

By Times Special
NEW YORK, Oct. 22.-General
Foods Corp. and subsidiaries today
reported third quarter net earnings
of $2,907,715 after all charges and
provision for income taxes, equal to
SIS cents share on 5,251, 440 shares
of no par value common stock out
standing.
This compared with net earnings
of S3,149,022, or so cents a share
earned on the same shares out
standing at the close of the CORE
spending period last year.
Earnings for the first nine months
of 1885 we're S8,770,437, or S1.67 a
share, compared with $9,031,734, or
SLIP a share, for the first nine
months of 1884. sales in dollars for
the first nine months of 1885 ex-
ceeded the same period OF 1884, it
was said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22

am informed that
from the talk, the
intent was that
: h e government
should pay a sub
sidy on cotton
goods exported by
them.
There is really
nothing surprising
in this. For three
years there has
been a 81 t a ii o n
a m 0 n g various
groups to have the
government, guar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
LOADINGS DUE EARLIER
BIZ Times Special

% ? 7 -TWItN NVtFTTt
WASHINGTON. Oct. 22.-The AZ:
ISOLATION OF American Railways bA
ginning Friday will release it,
weekly report on carloadings a.
HIS a. M, instead of 1870 a. m.
as at present.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
FRUITS AND VEGETABLES

BY United Press
CHICAGO Oct 22-Applcs-
huShel, WealthieS. 6Oa csc. Carrots-Illl-
noiS, bushel IS 81 30c Sweet potatoes
Tennessee bushel. 60 10 Beans-Louisi-
ana, 81 500 ;. Cabbage-60-70-lb crates,
65d75 California. hushel hampers
S225G3. Tomatoes-California mcs,
Slml.75. spinach-Illinois bushel 25sf
soc. Lettuce-WeStern crates. doz 50
m325. NEUTRALITY-SUSPICIOUS. bushel. 81
d225. Celery-Mohigan. crates lisa
$50. Pears Michigan, bushel Sl25dl.75
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
BnSigrubhS

Business failures in the first nine
months of this year were A per
cent less than in the 1884 period,
and only half the 1O-year average.
Business generally is well liquidated.
Those concerns now existing repre-
sent the survival of the fittest. The
low rate of failures is further evil
dence that we are definitely travel
ing on the upside of the business
cycle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
Trends
When Issued Stock
Trading Allowed
in SEC Ruling.
by VINCENT LYONS
Times Financial Editor

Under the Craftsmanship Of
- Joseph T. Kennedy the Secuu-
ties and Exchange Commission won
the respect Of Wall Street and the
investment banking world for Jhe
liberal attitude it assumed toward
regulation Of the securities bust
ness. James NJ. Lands, recently
chosen as Mr. Kennedy's successor,
undoubtedly is going TO follow in
the footsteps Of his predecessor.
Mr.. Lands enrolment in the
liberal school was seen in the an
nounccment that the SEC has lift
cd the ban on "When-issued' trad
ing. In permitting the resumption
Of this type Of trading the commits
sion has laid down certain otrin-
gent rules which are designed 20
protect the investor.
Under the new rules "When-ls-
sued" contracts must be registered
with the commission However,
such registration will be given only
in those instances where definite
assurance is given that the pro-
posed securities actually will be IS
sued. Only securities of companies
already listed on an exchange may
be registered, thereby removing the
possibility Of when issued trad
ing in securities Of a company not
listed on an organized exchange.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22
SHEEP AND LAMBS
Pr~aFR4c f5nO

Lambs. 90 lbs. down, good and
choice ......-.....-.-...... sa256 2 90
Medium Recommendations. 6.50q s.25
Ewes
f90-l25 Good ard choice 3008 90
All weights, common and me-
dunn ...-..- .... 25o0 $50
tl2O-l50l Good and choice 2o0G 3 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-22

BY United Press
WASHINGTON. Oct. 22.-Government
expenses and receipts for the current fiscal
year to Oct. l9 as compared with a year
ago:
This Year Last Year.
Expenses s2396.416.071.74 s2.0I0 $50 1874 05
Receipts i.l56. 9I9. 500 o. l.i49 991. SOB 40
Deficit 1893 496. $50 10 $50 $50, 1925 So
Cash Bal ! 5442l2 470.lo 1886 10. AS Il