davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
On Commission ROIO

Quotations below are average wholesale
prices being offered 10 BUYERS BY local
commission dealers
Fruifs-Bauanas. sec 10 Strawberries
home Grown. li-Qt. case s. 50 y 90 Goose
ssrl.ea 2t-st e9ss hSS9eFT, Co.'s Ts
1s-ct. crafe SO so. Cherries. California. 10
Do lug So IS. home EroWu sour. 24-Qt. case
s. 8. Cant l.ouucs- California JUMBO. JOS
Standards ass So so. Honey DeWs. south
America g. 50H3 M1fermclous. WafSons.
csc. Round sos Apples. choice Iransprr-
Frrr so 1nff IS Lemons. Sunklst- seu-
ASS S. Grapefruit Florida secQiess. e4s.
COS sos SO -5- California. SccclesS. tls-
IcCs s2I5 Plneau1es. ass. So Lines.
Mexican. per carton 2Qc. Persian seed
kss. "a hundred s.
VCrrfabIcs-CabhlEe. home EroWn- ou-.
$50 Onions neW Texas yellow. sQ-lb. oag.
P-.ar5ss Green Mountains l00-l6 bag.
r---drrr Fo,tra whites lC0-Ib hag. 81.
Orrrs Io0-lb. har. ST So. Idaho hgssei :
1C1-lb ba- s12'. uew Iriumphs. A1,--i9.
bs- e. Sweet potatoes. Nancy halL
h5mrsrs. sis5. Wax. s. celery. washed
COZ 81 as Michigan. medium. 5ocs l4uluo
T5c. California. crate. $50. FloEl-
Ga crate 81 Cucumeers. hothonses cog
a1r I-drr box zoe EEz plant sl-otl q
cc- Kals bushe.. SOC Corn. southern ,
d1r crate LES Lettuce. hotnouSe- 10
u tasSet 45c Ca-iiofni.a l iSeSefS, -i nssl
Emau basket s5c Mint. q coz.. Ioc. Pars-
Ier frr Sc Peas home ErOWn- huSheL
ST.. Use Spinach. home EroWn- uusne4, o9c
Ealisles. Coz 81 SIS -Illss; AZ ne Sc
Carrots California. crate 81 - Coz. sc
Rhubarb. outdoor. co1. soc Ausnr9e Ms
lh 500 35c- Tomatoes home eroNn- lv-,s-
AT quotations subject 20 chance I'd OF
down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
PORKER PRICES
REMAIN STEADY
Cattle, VeaIS Unchanged;
Lambs Market Weak
to Lower.

A continued heavy flow Of re-
ceipts at the Indianapolis Stock
yards today, however, had only a
small effect on the local pork mar
ket and prices remained unchanged
at yesterdays best average. Re-
ceiptS were estimated at 5000, an
increase of 1000 over the preced-
ing session.
Favorable developments in the
fresh pork situation throughout
the country added resistance to
weak undertone in the initial trad
ing of todayS session. Scarcity of
supplies at surrounding livestock
markets also has aided considerably
in recent weeks in maintaining firm
prices at the local exchange, where
receipts have been running above a
normal figure,
A survey of receipts made at II
livestock centers in this district, eX-
Guiding indianapolis, during the
early part of the week showed total
supplies at $4,000, compared with
100000 in the same week of the
preceding year. The top price paid
for good and choice grades today
held at $975.
Bulk of 100 to 235 pounds was
selling from $3.50 to $9.70, while
heaviest kinds, scaling 275 to $50
pounds, cashed in at SO to $9.40
Lighter classes, weighing 100 to 160
pounds, brought $8.65 to $685.. EX-
tremely light slaughter pigs, weigh
ing 100 to 100 pounds, sold at $50
to $3.50. Packing sows held at So
to $875. HoldoverS we're 300, indi-
eating a slightly weaker demand.
With practically all classes scarce
in the cattle market, trading was
active and fairly steady. Steers
and heifers, mostly in small lots,
sold downward from $9.75. Most
COWS held at $4.75 to $3.50, with
practical top at ST. Low cutters and
cutters brought So to $3.50. Re-
ceipts were 600.
No change of Importance was
evident in the veal market and
prices continued stationary. Bulk
of good and choice grades sold from
SO to $3.50 Receipts were TOO. With
demand light, lamb values we're
weak to slightly lower than yester-
days strong average. Bulk of bet
ter grade eve and wether classes
sold at 1925 to $8.75. Receipts were
900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
USE OF ELECTRICITY
CREATES NEW MARK
Figure for Second Week in June
Runs Counter to Season.
BV Times Special
r -OHE

EH Times Special
NEW YORK, June 28-Output
Of electrical energy during the sec
Ond week in June was not only the
largest ever recorded Tor any week
in that month, but for any week in
the period from mid-March to mid
August, Electrical World reported
today.
Despite the normal summer de-
crease in lighting" it continued,
the weeks production was as high
as in the latter part of February
and higher than in any intervening
week. This unusual condition is as
cribed to enhanced industrial &C
tivity. calling for more power in
manufacturing.
Since the beginning Of the year
electrical output. with few eXcep-
lions. has been consistently greater
than in 1929. If the lead can be
maintained. next winters peak will
surpass ali records and will bring
prospects of increased purchases OF
equipment as existing facilities be-
come morely fully loaded. This will
have a beneficial effect on the cleo
/ trical manufacturing industry,
which has been severely affected by
+ the lack Of need for new power con-
( Struction and by consequent unem-
/ ployment"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
1886 Applications In

To date the SEC has received 1886
applications for permanent reglStra-
ton out Of an estimated 2200 which
come under its rules.
Beginning next week the SEC
faces the huge task of registering
about 10000 over-the-Counter deal
ers who are not usually members
of the exchanges. BY July these
dealers must make application, in
effect, if they are to continue in
business after Aug. /. Thus far
about $500 have applied. Overtime
counter dealers have been warned
OF their pressing obligations to reg
lister by the SEC chairman, Joseph
P. Kennedy. Their Noncompliance
thus far is generally attributed to
negligence.
The Federal rule for registration
involves submission of data on the
dealers organization and MS firms
past history. This is intended TO
discourage. or force out of business,
the ~fiy-by- might" operators.
All brokers and dealers doing an
ovcr-the-counter business, whether
belonging to exchanges or not. must
be registered with the SEC. accord
ing to the law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
NezU York Stocks
By United Press

BIZ United Press
NEW YORK. June 28.-UtilitieS
assumed leadership on the STOCK
Exchange in the early afternoon
dealings today, with gains ranging
TO 2 points. while rails sagged on
sharp drop in car loadings.
Brooklyn Union Gas reached a.
I'D 2 points: Peoples Gas 32iz. up l.;
Southern California Edison 1875, up
e: North American 17@s, up 81;
Public Service of New Jersey 80, up
|; and Consolidated Gas 26, up 2.
Improved demand for utility
shares came at a time when the
House resumed debate on the
Wheeler Rayburn bill. Traders
hoped the measure would pass in
amended form that would regulate
rather than destroy utility holding
companies.
The Association of American
Railways reported car loadings for
the week ended June % at SGT BAT
cars. P decline of 95,245 from the
preceding week. The drop was due
largely to a letup Of coal shipping
which in the previous week had
been stepped up in anticipation OF
a strike. Rail shares gave ground
somewhat on the report, although
the recessions were moderate and no
pressure was exerted against any
particular issue.
Wet stocks continued popular.
United states Steel held a. small
gain and other leading industrialS
were firm.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
BUILDING HOLDS LEAD
Construction in Far West Heads
Business Activities.


CHICAGO, June 28-Building
construction during May continued
70 head business activities in the
Far West. according to the June re-
port Of the Bank Of America busi-
ness review. Building permits in
California during the month in
creased for the fifth consecutive
time over the previous year.
The May increase amounted TO
SCI per cent with a total Of Sc
l06.s09 for the month in so cities.
Bank debts in the Far West during
May increased ZIG per cent over
TIE ike month last year. and re-
Tail sales. based on monthly COM
parison OF dollar volume, gained e.S
per cent?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
PRODUCE SHIPMENTS
LOWER THAN USUAL
Vegetable Prices Continue Weak as
Nearby Receipts Gain.
BIZ Times Special


WASHINGTON, June 28.-With
the current rate of produce ship
ments in the MidWestern district at
approximately 5000 carloads a week,
it is still slightly below the usual
figures for this time of the season,
according to the weekly report Of
the Department of Agriculture re-
leased here today.
A feature in recent weeks is the
large volume of the melon and
cantaloupe class, which accounted
for nearly one-third Of the total
shipments during the second half Of
the current month. Potatoes are now
only in moderate volume but COM
prise over one-fourth of the carlot
movement supply, exceeding the
daily watermelon output, the report
stated
Current lettuce shipments have
increased to about 100 cars daily.
while onions decreased equally as
much, owing to recent rains in
Southern producing sections. The
price trend of vegetables continued
downward as for the last three
weeks, due largely to the increase
in nearby receipts and the good con-
dition Of home gardens.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
EMPLOYMENT IN OHIO
DECLINES DURING MAY
Decrease of ) Per Cent Reported
After Three Advances.
b. Times special
-.r.-n

% tNce NNtttat
COLUMBUS, June 28.-After ad-
vancing for three consecutive
months. employment in the Ohio
district declined slightly during
May compared with April. the Ohio
state University reported here to-
day. The decline. however. amounted
10 only 5 per cent.
Despite the Slight decline, May
employment throughout the state
was fractionally above that of the
same month in the preceding year.
During the first five months Of the
current year employment in Ohio
averaged ~ per cent above the cor
responding period in 1884.
Declines in both manufacturing
and non-manufacturing employment
during May was believed largely re-
sponSible for the minor decreases.
Construction employment in April
and Nav showed an increase Of 23.1
per cent. but the volume for the
month was SO per cent below that
Of May. 1884
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
REVIVAL MARCH
is STILL PACED
BY AGRICULTURE
Farm Income Continues Run
Ahead of Gains in Indus
trial Field.

The farmer still heads the re-
covery parade, the Agricultural Out
look declares il its monthly review
of agricultural conditions. Farm in
come continues to show greater in
creaSeS over last year than the in
come Of industrial classes and gains
in sales of goods are most pro-
nounced in the rural districts.
Prices. the review continues, are
the highest at this season since 1880.
The farm price index on May Is
was 108. compared with 80 a year
ago. Extremely small carryoverS
will partly offset the prospective in
crease in production and will be
sustaining factor under crop prices.
Capital Assets Rise
Farmers have been enjoying a
rise in the value of their capital
assets as we'll as in their current
income" 1t is pointed out. The
value per acre of farm real estate.
as estimated by the United States
Department of Agriculture, has in
creased 8 per cent in the last two
years. Unofficial reports show much
larger increases in many sections.
--latest estimates show that the
lions share Of the increase in total
| form income compared with the
! corresponding time last year has
continued to go to the eight Mid
western states. In April, 1888, cash
income from SO leading products.
without deductions for purchasing
of inshipments of livestock, was 81
per cent higher than last year in the
eight states, compared with an in
crease Of % per cent for the re-
manning 40 states.
Midwest Takes Lead
For the first four months Of
1895 cash income in the eight Mid
west states was IS per cent higher
than last year, and nearly double
two years ago. Income in the re-
naming 40 states was only about
"a per cent of the national farm in
come, compared with less than 80
per cent last year. These states have
only about 20 per cent of the ma
tons farms.
Cash income from sales of crops
totaled $614,0OO,0O in the first four
months of 1885 compared with $754,-
100000 last year, a decrease of 10
per cent Total income from sales
of livestock and livestock products,
which are the chief sources of in
come in the Midwest states, was
$1,O69 100000, compared with $841,-
100000 last year, an increase of q
per cent.
Benefit payments in these four
months totaled $222,000,000, COM
pared with $1O4 100000 last year. The
increase was accounted for by corn
hog payments. The Midwest states
have received major fraction Of
this increase"
Income from the 80 principal
products for Indiana in April is
estimated at $21,615,OO0, compared
with $12, 100000 in the corresponding
month last year
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
CANADIAN BUSINESS
CONTINUES RECOVERY
Bank Reports Index at SO, Against
80 in United States.
By Times Special

By Times Special
MONTREAL, June 28-The bust
ness improvement noted in May has
continued into June, the Bank Of
Montreal in its current business re-
view said today.
With the banks business index
level at 1856 in the third week of
May, the highest in more than two
years, a drop to 1913 ensued, only to
be met by a recovery early in June
to 1922.
The banks review compares the
progress of business recovery in
Canada with that of the United
States. An analysis, based on
II important production factors,
for which parallel statistics exist,
shows Canadian business at SO per
cent of the 1926 level, while United
States stands at 80 per cent of the
similar figure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
FAILURES AGAIN RISE
Defaults in Week Reported at 229,
Against 233 Year Ago.
By Tim es Special

Do IWt5 NptCIuI
NEW YORK, June 28.-Despite a
further increase in business failures
throughout the United States for
the week ending June 20, the total
still remained under that Of the
same week last year, according to
the weekly report of Dun & Brad
street, Inc, released today.
Defaults reported during the week
amounted to 229, compared with
only 222 in the preceding week, and
233 in the same week last year. The
recent increase was noticed mostly
in the South and the Pacific Coast
states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
HOLDERS GIVEN RIGHTS
T.nss SBseie'

NEW YORK. June 2s.-StOck-
holders OF Edward c. Budd Manu-
racturing Co. II was announced to-
day. have approved a plan 10 give
holders Of record July IS options 10
brv two shares OF common stock for
each three shares held. increasing
the number Of shares outstanding q
! TOO. 900 shares from 100000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28

with the mar
kets action.
And II there
have been any
pool operators at
work IN the
market { h 2 Y
p a y . covered
their tracks very
well The New
York Stock tx
change has been
most diligent in
carrying out the
orders OF the
Securities nd
Evrhp--r rrm-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
rRrITs An NTGTTABLEs

TUT LUlIEl FIEss|
CHICAGO June s-Appies--Iiinois
bushe. soeFs $50 Carrots 90 Western
h-r--raS rfr.r-c Sweet foraroes-Teu-
nsssee bushei. co Csc. Lettuce-West-
en- crates S dor 81 Sol 50 Leaf Lettuce
ILlrc.s. 1913 cartons. i0n zoe Cab6age-
Tl.rrss rr-rucr crates IS ssc Peas
California tusheL hampers. SIN 3
a-res-rexas lurs 81 IS AIS Spinach
ulrcis. square crates. = dor 411 soc.
Rhlclr1- Illinois. so-ih cartons. 90 SOC
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
Wall st.
Markets Action Is
Most Impressive
in Years.
BY RALPH HENDERSON,
Times Special Writer

NEW YORK. June 2s.-Not in
~ many years has the stock
market given such an encOurag-
ing performance as 10 did during
the last week or more. II cast dis
turb.ng news aside as II Il did not
count. and industrial shares stand
today close to their highest
levels since 1881 Tape readers
have been very much impressed
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
Iiyereq in Indianapolis the price vii Pc psg
horn breed hens 1oc; heavy breed cocks;
&c; Leghorn breed cocks, &c; colored
broers lbs and up l4e LebghG2rbP r6 6TISI
ice ducks. full feathered and fat. &c;
geese. full feathered and fat, &c; No; !
strictly fresh eggs. loss of 19c. Each full
Of lOc a pound under S. lbs. will be made
Quoted by the wadiey CO.
(By United Press
CHICAGO. June % Eggs-MarIket firm firm;
23i2c: current receipts. 22i2c; dirties,
2O3ic; checks. 2Ohc. Butter-Market,
firm; receipts oO62 ,5 tubs; extra h d5 tSg
23i.c; frsts Iss-89iS scoreJ, 2llaG 22c;
seconds (86-S7is score, 2Olsc; specials,
Msr2st ead2 qedepts 2 Car 4 trncE
hens 16G1612c; broilers.. l7Tl8c; fryers,
ia zoe; old ROSTERS. 1914 q FAC; ducks,
iSi: l5c spying geese 4e spTii Eng
I5aisAc; daisies, 1871 a l334c: longhorns.
l3l2@l374c. potatoes-old stock-supply
market firm. Idaho Russets; no sales re-
ported New stock-Supply liberal, de-
on good stock Arkansas Bliss Triumphs.
SIS: Oklahoma Bliss Triumphs. Sl.55 q
l so: California Garnets l50-lb. bags
81 so per hundred weight. Barrels North
Carolina Cobblers Showing decay, $3.50
n ?. Arrivals As, on track 1893. shipments
555.
CLEVELAND. June 8-Butter-Market,
firm: extras, 27l7c: standards. 27izc.
Esgs-Market. firm extra whites. Csc:
extra hrsts 23c: current receipts, p &c.
Live poultry-Steady; heavy fowl l8c; me-
dunn fowl, l7Glac: ducks, yci-ng. l6al7c;
ducks. old. i2Gl3c: Potatoes-North
bag; Ohio cfablers, sl.35Gi.4o a 1oo-lb.
bag,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
Chicago Grain Futures
BY James e Bennett,
LOCAL CasH MARKEI

CIV rraln ELEVATORS are paying u cents
80 - ! sofa red wheat O-her graces on
snrl- merits Cash crrn No J yellow
81 cents ard cats - cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
HHE price war which eevelopec

THE price war which developed
4 in the retail cigaret market
when the NRA was declared un-
constitutional by the United States
Supreme Court is about to erd.
according to trade accounts. This
is one Of the best tipOffs on bust
ness that could be imagined. II
indicates that conditions in the
trade were sufficiently sound TO
support the prices which were
being charged when the war was
declared
The cut-rate cigaret stores were
among the first 10 take advantage
Of the new privileges provided by
the decision. It was but a matter
OF hours after the court had ruled
that they began SlaShing prices.
Evidently the increased volume of
business done did not warrant the
loss Of profits involved. Otherwise
il Is doubtful that they would have
reversed their position so soon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
S1143 Average Pay

The program, however, must put
men to work for an average OF
SLAB a person if it is to supply
employment to 100000 needy with
the $4,000 100000 The Administra-
ton has been holding up actual
work on developments costing more
than that figure until it can find
projects cheap enough to balance
them.
That task was given to Harry l..
Hopkins when he was made direc-
tor of the Works Progress Admin
istration and made personally re-
sponsible to the President for sue
cess of the program.
Mr.. Hopkins Immediately in
structed his state administrators to
compile lists Of inexpensive work
projects that will hold employment
to the SLAB average.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
DATE EXTENDED
ON REGISTERING
ALL SECURITIES
Time Extended Additional
Two Weeks Until July IS
by SEC Order.
b. TimssS Special

By Iimfs Special
WASHINGTON. June 23.-With
only a few days 10 go. the Securi-
ties Exchange Commission today ex-
tended until July Is the time for
permanent registration Of all securi-
ties having temporary status.
Uncertainty and some confusion
Will thus be avoided by the COM
missions action in putting off the
date. Continuance Of trading may
continue as before. until such time
as persons interested may be in
formed concerning the status of reg
istration Of various securities.
Will Publish List
The SEC will publish a list be-
fore July IS setting forth the status
as 10 registration or exemption Of
the various securities. Brokers and
others interested will thus be ad-
vised as TO what securities can no
longer be bought and sold on the
securities exchanges under SEC
control. In the meantime, how
ever, tOday's new ruling allows al
securities to continue at the same
loan value, and the prohibitions
against manipulation will be appli-
cable
The SEC will begin its permanent
control Of listed securities on July Is.
Il was announced also by the COM
mission that it has adopted further
rules exempting for particular pc
RODS several classes of securities, no
tably fOreigns.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-28
Consumers Agency Vices
Coal, Oil Bills Possible
Vehicles of Monopoly
Measures Lack Protection
for Public, Report
Points Out.
By Times Special

By Times Special
WASHINGTON, June ga dec
laration that the oil and coal regu-
lation bills now before Congress dis
regard the lessons of NRA's expert
ence and may cost the consuming
public heavily was made today by
the NRA Consumers Advisory
Board.
Chairman Emily Newell Blair
made public the boards analyses OF
the Guffey coal and Thomas oil
bills. approving the principle OF
government regulation of these re-
sources, but protesting that the
bills lacked protection for the pub
lie. In effect, the reports warned
that monopoly and cartels would be
possible.
The proposed Coal Commission
should be wholly public in nature,
instead of being partly constituted
bv spokesmen of the induStry's Ia
Dor and capital, the board urged.
The powers of price-fiXing should
be granted to the commission, it
said. mot to private representatives
of the industry" There is no pro-
vision, it complained, for represen-
tation of consumers, distributors or
the government on the district
boards which would fix prices.
Price Powers Hit
The price fixing powers proposed
in the bill are subject to review by
the Coal Commission, but, the Con-
sumers Board asserted, NRA eX-
perience has shown that this sub
seouent power to modify prices set
bv a complex industry leaves the
government body relatively help
less"
The report also asserted that NRA
showed "the unwisdom OF attempt
ing TO collect from the public by
law the entire capital costs of an
over-expanded industry" 1t urged
deletion of the maximum price pro-
vision in the bill, designed to allow
a profit to the highest OF pro-
duction mine in district.
Complaint also was made that the
bill would free producers from all
antitrust laws, and it was proposed
that this be amended to make pro-
ducers liable for antitrust viola
tions which are not specifically
sanctioned by the new Coal Com
mission.
Profit Tax Urged
A tax on profits, instead of ton
mage tax to be handed on to con-
srmers. should be levied to finance
the proposed national coal reserve
the report said.
The oil bill report favored Fed
eral regulation of proposed inter
state compacts for restricting pro-
duction, on the ground that the
national interest would be better
protected. The bill as drawn pro-
vides for fixing production, without
mentioning priceS-although. SAID
the Consumers Board. "the effect OF
supply limitation upon price is well
known"
The provision for voluntary in
dustrial agreements, by emitting
adequate protection for the pubic,
leaves the door wide open for
monopoly" the report charged.
After many other objections, the
Consumers Board reported that al
though the oil bill does not meet
the paramount question of conser-
vation, it would with the recon-
mended qualifications afford a
useful beginning toward the regu-
lation of the petroleum industry. "