davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1935-08-28
News Oddities
iBy United Pressl

NEW HAVEN, CONN, Aug. 2s. (UP)-Tony Maiorano's COWS like corn so much that his neighbor, Frederick Rosenthal, claimed the herd trampled his field and ate $2,000 worth. He asks damages of that amount in suit charging Maiorano failed to properly fence his property.
 NEW HAVEN, CONN, Aug. 2s. -(UP)-Discovered robbing fruit store, a glib-tongued burglar convinced the proprietor, Carmine Amato, he was Q night watchman. After searching the property to- gether at Amato's suggestion, the stranger suddenly took to his heels.
 BRIDGEPORT, CONN, Apg. 2s. (UP)-Given papers in divorce action, Sheriff Edward A. Platt was instructed by the court to make personal service on the de- fendant, Mrs. Nina Badaeff, charged with deserting her hus- band, Basile Badaeff of Stratford. Platt located the defendant in Moscow, Soviet Union, an ddecided to mail the writ.
 BRIDGEPORT, CONN, Aug. 2s. (UP)-J. w. Flora, Oakland, N. J., and Miss Mary Coughlin. Cam den, N. J., motored here to be married in a socialist city, by a socialist justice of the peace and in the presence of socialist wit r Essses.
 The five-day marriage law in- terrupted fulfillment of their plans until Saturday when Mayor Jasper McLevy Is expected to pronounce the blessings.
 NEW YORK, Aug. 2S-tUP)- Bright-colored automobiles are a prosperity barometer. Black rose in popular favor, from fifth place in 1928 to first in 1888, according to charts made for the New York Museum of Science and Industry. by Howard Ketcham, color 'engin- ger. eKtcham reasoned that the de- precision buyer chose black car so the neighbors wouldn't notice how long he drove it.
 CHICAGO, Aug. 2S- (UP) - Charged with pawning his wife's false teeth to buy liquor. William LarsoH, AZ, who was released from jail last week, today was ordered to pay a $200 fine on disorderly conduct charge.
 SEA GIRT, N. J.. Aug. 2s--(UPl --Gov. Harold G. Hoffman replied today to several-score farmers who in as many facetious letters. rub bed fin q joke on the New Jersey executive. 4 recent picture showed Hoffman, during an agricultural field day milking COW from the left side~-which ia never, never done. The starboard stance is cor
The Waterbury Democrat., 1935-08-28
Former Associates At
 A. N. Colgrove Rites
Late Newspaperman, Postmaster Given Final Tribute;
 EuIogy Given By Rev. William Beard

Burrall, Charles Platt and Geopge
 F. Hamlin of Hartford. The selec- ton Tn the Garden" was sung during the service by MT. and Mrs. Wilbur Allen.
The Waterbury Democrat., 1935-08-28

rect. But Hoffman, hailing from industrial South Amboy, had his defense ready:
 Had I sat on the right, the cows switchboard would have shown. It was mechanical COW. Hal Hal"
 SAN FRANCISCO, Aug. s. (UP)-The city pound had Peli- can as a guest today. The bird was found wandering on the high way south of the city. A police officer chased 1t 10 blocks before capturing t. Now authorities are seeking an owner before bankrupt- ing the city trying to keep the board bill filled with food.
The Waterbury Democrat., 1935-08-28
CARD or THANKS.

I appreciate with deep and heart felt thanks the many acts of kind ness, extended to me and my family during the illness and death of my hueband. Pierre Ayotte.
 May Gods blessings fall abundant iy on tho dear friends. who sym- pathined and consoied US in our greatest sorrow.
 MRS. PIERRE AYOTTE
The Waterbury Democrat., 1935-08-28
MASSES.

STACK--An anniversary mass of re. quiem will be celebrated Saturday morning at $500 o'clock, at the Immaculate Conception Church, for the repose of the soul of the late Michael Stack.
The Waterbury Democrat., 1935-08-28

Farmers of spain are just begin- ming to recognize the usefulness of tractors.
The Waterbury Democrat., 1935-08-28
NeWsIlapcr Guild

The Waterbury Newspaper guild was represented by Raymond Fitzpatrick. president. William T. Farrington, James Calvin. Will Ham Vosburgh.
 The bearers were |. B. Chap man. George Towle, Lyaii Hili. Edgar Bass. Frank ureens John
The Waterbury Democrat., 1935-08-28

CHICAGO, Aug. ,2S- (UP) - Charged with pawning his wife's false teeth to buy liquor. William LarsoH. AZ, who was released from jail last week, today was ordered to pay s200 fine on a disorderly conduct charge.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
RETAIL OUTLOOK
BRIGHT FOR '36,
SAYS OFFICIAL
Sales Gaining Throughout
Nation, KIeinhauS De-
CIareS Here.

Retail sales are forging ahead in
all parts of the country, according
to H. I. Kleinhaus, New York, gen.
eral manager of the Controllers
Congress of the National Retail Dry
Goods Association, who was in In
dianapolis yesterday to attend a
conference sponsored by the Ameri-
can Retail Federation in the
Lincoln.
This is especially true on the
Pacific Coast, where outstanding
gains have been reported in the last
two months. While the South still
is ahead in sales, the Middle West
shows decided upward trend, he
said.
Prospects for a better retail
business in the United States as a
whole look very good for 1886" Mr..
Kleinhaus said. The national cleo
ton holds some measure of I'M
certainty, however, as to the extent
radicalism will go in connection
with economic policies"
The Association has Just COM
pleted a survey of the 4S states in
regard to pending social economic
laws.
MIR. Kleinhaus praised Indianap-
oils retail stores and the quality Of
their advertising.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
HOG PRICES DIP
5 TO Is CENTS
Cattle Market Turns Weak;
VeaIers and Lambs
Stationary.

A further decrease in receipts to-
day at the indianapolis Union
Stockyards again failed to check the
recent downward movement in pork
er prices. The market was uneven
ly 5 to Is cents lower than yester-
days best average.
Hogs weighing under 210 pounds
were generally cents off, while
all other classes were largely 10 to
Is cents lower. Early trading de-
veloped slow, centering mostly in
the light and medium weight divi-
sions. Receipts were estimated at
1000, and followers 285.
The general bulk of 100 to 225
pounds brought $3.50 to $3.50, while
heavy butcher grades, scaling from
235 to 300 pounds, sold at 1885 to
$9.45. Others from 300 pounds and
upward cashed in at 1918 to 1925
light slaughter pigs, weighing 100
to 100 pounds, held at SO to $3.50.
Packing sows brought So to $3.50,
with a few lights salable at $875.
A weak undertone developed in
the cattle market, especially for
good and choice slaughter steers,
which were largely 10 to 25 cents
lower. Low grade steers, heifers and
COWS remained unchanged. Three
loads of choice steers sold at $13.25,
while a single load brought $12.25.
Other steer sales ranged mostly from
Sc to SO. Heifers ranged from Sc to
So. Receipts numbered 800.
The veal market settled down to a
steady trading range. The bulk of
good and choice kinds sold at $40 to
$1,000. Receipts we're 700. Lambs
also were stationary. Few western
yearling classes sold at SO, while ma
tive grades we're strong, selling
mostly from $40 to $1,000. Few
brought $11. Slaughter sheep ranged
from 1925 to $3.50. Receipts were
1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
On Commission ROlU

Quotations below subject to change are
average wholesale prices being offered to
buyers. by local commission dealers dealers o,,,
box s4.5o: homes 25-ib. box. S. Pears
seven hands, a pound Sac. Persimmons
California. lug. SIPS. Apples-Jona-
thans, SITS; Summer Rambos, 81, De-
iicious, SITS; Wealthys, 81: Grimes Golden,
SIPS Lemons-SunkiSt. $500, 81 so. Grape
I2s. 20c; Persian seedless, a hundred, S.
Pea.s-D'Anjo zoos box, 3.25; California
Avocado 20s-24s S375. Grapes-Emperor,
lug. 81: fancy Emperor, S4-lo sawdust
'N Vvssis;etables-Beans. greer. round string
$3.50. Cahbsge-New, York Danish, 5o-lb.
S3f5 a doz., roc NEUTRALITY-SUSPICIOUS.
and trimmed. extra large, 55c; JUMBO,
doz., s5c Cucumbers-Southerr, blu. So %;
doz s0c Kale1agme-gFOwn 6u 8, 6 sS
home grown leaf. .l5-lb basket, 81 so. En-
dive-california, basket, S5c,; Mangoess-:
California, crate. S.; small basket sl.2o'
MgstardMAome Grown, ,bu, soc, onions
Indiana yellow, 50-lb. bag. sl.l5; 1ndi-
SPANISH Spa EEsI sCviD. bsg 81 RaEsIeyHsosth-
s35o. Potatoes-Round cobblers, loo-llb.
bag, $3.50; Michigan Round White, loo-lo.
bag $3.50: Early Ohios. bu.. Sl75: Idaho
Russets. sass. sweet ,potatoesIL1ndiana
5 5o5 sIsS s@soo
45c. Spinach-Broad leaf, bu 81. Squash
Blu. $3.50. Tomatoes-Florida. lo-lb.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
END OF FOUR MONTH
TRADE WAR IN SIGHT
Canada Japan Commercial Hostili-
ties May Be Halted Jan. /.
By United Press

BJ UntteQ PreSS
OTTAWA, Ont, Dec. 18.-The
end of the Canada Japan trade
war, which has ragged for four
months and cost Canada $5,000,000,
is in sight.
A meeting over the weekend of
Premier Mackenzie King and Hon.
S. Kato, new japanese minister to
Canada, is expected to produce an
nouncement that the trade war will
end on Jan. l, with an exchange of
notes.
Ending of commercial hostilities
will be accomplished by Canadas
abandonment of the exchange COM
pensation tax upon Japanese goods,
and by the mutual abolition of sur
tax, weapon used freely by both
countries against the others goods.
Although Canada will cease to i'm
pose what is wrongly labelled the
exchange dump duty after the end
of the year, this country will not
completely ignore currency condi-
tons in Japan.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18

railroads. A railroad president
wrote a bitter lament over that
piece, saying I advocated a policy
of reputation.
Of course the United States gov
eminent has not issued the bonds
due by railroads. 1t has not guar
anteed them. 1t is under no obli-
cation to pay them or lend money
to the road for the purpose. The
government could not be accused
of reputation if it refused to put
up money for such a road.
A ND the railroad corporation it
Il n self-if it has not the money
to meet it's obligations-has no
other recourse than bankruptcy. 1t
can not be charged with deliberate
reputation.
The truth of the matter is that
it would have been better all
around if these roads had been
permitted to go into receiverships
when their insolvency was first ap-
parent.
The Cotton Belt borrowed $18,-
$4,000 from the RFC. That oper-
alton simply added to it's debt bur-
den. 1t was already being crushed
by debt. It's common stock was
only $17186G90 but it owed $78,-
100000 in bonds and had outstand-
ing $19,893,00O in preferred stock.
Then the RFC loaned it a sum
equal to its whole comomn stock,
thus putting an additional debt
load on top of the mortal weight
of the existing debt.
NTOW, on Jan. /, it will have to
IN meet an interest payment on
the RFC loan. And it can't do that.
What else is left but bankruptcy?
Had it gone into bankruptcy long
time ago, it would be on it's way
back to health again by this time.
This policy of lending to bank
rupt roads was begun by Mr.. Hoo
yer in 1882. 1t has been continued
by Mr.. Roosevelt ever since. It's
chief result has been to postpone
the revival of the railroads fer at
least two or three years.
The Cotton Belt is one of those
roads which was gobbled up by a
larger road back in the good old
days of speculation. The Southern
Pacific bought its common. There
is good ground to believe that the
RFC in making loans to such roads
and it made many, as in the case
of the Missouri Pacific and the
Wabash-did so to enable the own
ing roads to save their common
. stock investment in the insolvenJ
roads.
Copyright, 1885, NEA Service. Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
FIREST0NE DIRECTORS
BOOST DIVIDEND RATE
Common Stock Is Placed On S1.2o
Annual Basis, Report Says.
Tim IS Special

Times Special
CHICAGO, Dec. 19.-Directors Of
the Firestone Tire and Rubber Co.
have voted to increase the dividend
rate on common stock to S1.20 an
nually, it was announced today.
This is the highest paid since 1890.
Dividends on the common stock
have been paid at the rate of 10
cents quarterly since 1880. The
company's report for the fiscal
year ended with October showed
net income at S5,649, 146, a new four
year record.
This was equivalent after pre-
ferred dividends to S153 share on
the common stock, compared with
II cents share earned in the pre-
vious year. After payment of divi-
dends amounting to 40 cents share
for the year, S3,547,8 1874 was trans
ferred to surplus.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
RAIL EQUIPMENT TRUST
ISSUES ARE OFFERED
SIS, 100000 Pennsylvania Certificates
Placed On Market.
Tim es Special

Times Special
NEW YORK, Dec. 18.-One of the
largest railroad equipment trust is
sues to reach the market in recent
years is being offered in the form of
$18,420,000 Pennsylvania Railroad
Equipment Trust, Series G, 234 per
cent equipment trust certificates.
The certificates offered by bank
ing group, consisting of The First
Boston Corp, Evans, Stillmen &
Co., and F. S. Moseley & Co., are to
mature at the rate of $1228,000 an
nually from Dec l, 1886 to 1850, and
are placed at yield from 0.5O to
per cent. They are issued under the
Philadelphia plan, subject to ap-
proval by the interstate commerce
commission.
The award of the issue was fea-
tured by especially close bidding.
The winning bid of 100,283 was
closely followed by a bid of 100 .267
submitted by Halsey, Stuart & Co.,
Inc. and a bid of 100.177 by Brown
Hartman & Co., Inc. and Associ-
ates, all for 2%s.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
TRANSIT REVENUES UP
Indicator Placed at 105.00 For
Week Ended Dec. I.
Times Special

NEW YORK, Dec. 18.-Transit
revenues, as reported by a repre-
sented group of companies, for the
week ended Dec. Z again continued
to show improvement over year
ago, according to report made to-
day by the Transit Journal Indica-
tor.
The indicator for the week was
placed at 105.00. Gains recorded in
the preceding week were generally
maintained, although there was a
slight slackening in the rate Of i'm
provement in the Far West. AS a
whole, the increase was regarded as
one of the best for the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
Produce Markets

The prices quoted are paid for stock
gathered in the country. while delivered
in Indianapolis the price is cent higher
hens. l2c; springers over AZ, lbs, tic;
under 4ls lbs, I6c: springers. II. lbs. and
up, l2c; old cocks, &c. Turkeys
Young hens. s lbs. and up. 2lc; young
toms. Il to is lbs 2lc; under IA lbs. and
over Is lbs. isc; old hens, 1sc; old toms
i5c; Ducks-White lbs. and over. iSc;
under lbs, lie geese, fun feathered AND
fat. 9 to IA lbs izC. over II lbs, loc;
old. guineas l5c: young guineas, ia lbs
and up 25c; No. strictly fresh eggs, loss
of, 27c; pullet eggs. lSc. Each full case
loc a pound under IS lbs will be made
No. butter. 36G37c: No. 2. $50 sac; but
terfat 32iac. Quoted by the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
nv limited Pressl

CHICAGO Dec. s.-Eggs-Msrket, IN
settled; receipts, 1884 cases: fresh graded
frsts. 27c extra hrsts, 2Sc; current re-
ceipts,, 24c; dirties, zoe; checks. lsc. But
ter-Market, steady: receipts. 5e25 tubs
extra iEsts tso-slia scorel, 26S2i4c; ex-
tras (s2 scorel 32iaGs2&c; ,hrsts s.
ssis scorel Slqsi%c: seconds tS6-s7ia
score go, ss9sei; specials, ssA @ss'.c; star,
receipts, car: IS trucks: ducks ls62lc
geese, isisGl7c; spring chickens. 2ols a
5ipsc; hens, l5ql9isc: turkeys, 22G 27c
Leghorn hens. i2Gi5c; old ROSTERS lac.
cheese-Twins. l7t4 Qisc; daisies. isi+a
isl1e; longhorns. ls'aGis4c Dressed
young hens, soc; ducks. ala 22c; geese,
i69lec. Potatoes-Supply moderate: de-
mand slow. market dull with rather weak
undertone; idaho russell Burbe IS si70
GI6o; u. g. No. q sl30Gl4 ~
ain round whites si.05a4ii2ii y
eials. 81; unclassined CSC Nj .tIs-
eft rurals, $i.l0; Green Mour 81 IS:
Minnesota and North Dako .obblers.
si.lo; early o oa,s, si-2oa CONNER
IA Arrivals. A.: on track. 227; shi3-
mertss suS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
TREATIES TO BE SIGNED
Trade Agreements With Holland,
Honduras Expected Soon.

1tmes Special
WASHINGTON, Dec. 18.-Trade
agreements with Holland and
Honduras are expected to be signed
this week by the State Department.,
it was learned today.
Details of the agreements are be-
ing withheld until the pactS are
made public. 1t is also expected
that an agreement will be signed
with Spain by the end of the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
BnSigrabhS

The recent large sales Of stocks
and bonds are partly due to the
pressure of idle money seeking en-
ployment. On the other hand. the
investor has confidence in the ulti-
mate future of American industry.
This is evidenced by the large
purchases of corporation stocks, and
also by the fact that corporation
bonds represented 81 per cent of the
total bonds sold in November. In
spite of uncertainties many believe
now is bad time to sell America
short.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
SAWMILL OUTPUT GAINS

WASHINGTON, Dec. 18.-Sawmill
output for the week ended Dec. 7
continued to increase, while new
business and shipments Jagged, the
National Lumber Manufacturers
Association reported today. Ship
ments declined 8 per cent from the
preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
Other livestock
lBy United Press

FORT WAYNE. Ind, Dec. 1s.-HoEs-
5 to loc lower; 1so to $50 lbs. $3.50; 100
to 24o lbs. So rs: 240 to $50 lbs. ssI5;
$50 to 300 lbs, so.09 300 to $50 lbs. So 90;
40 to $50 lbs. se.25; 100 to 140 lbs, So 20;
100 to 100 lbs: sS:75. Roughs, So; stays
LAFAYETTE. Ind, Dec i5.-Hogs-Mar-
ket 10 to zoe lower; $50 to 21o lbs. SO 80
99.4o; 210 to $50 lbs. se.2oa9 Is: ESQ to
300 lbs. s9.05 69i0; 300 to 325 lbs. So
100 to 10 lbs. SEA s25: roughs. $3.50
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
G. M. HOLDERS FEWER
Stockholders Reported at 337,21S
for Fourth Quarter.
Times Special

Times Special
NEW YORK, Dec. 18.-Common
and preferred stockholders of the
General Motors Corp. for the
fourth quarter of the current year
amounted to 337218, against $780,
164 in the corresponding period last
year, it was reported today.
There were 317,500 holders of the
common stock and 1918 of the pre-
ferred stock, compared with 325 ,43O
common and 1854 preferred hold
ers in the corresponding period a
year ago, the report showed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
Trends
Cotton Belt Road
Latest of Rail
Bankrupts.
by JOHN T. FLYNN,

NEW YORK, Dec. 1S.-Another
Y large railroad has gone into
bankruptcy-the st. Louis 81
Southwestern, better known as the
Cotton Belt. This marks another
road which borrowed freely from
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
FIRE INSURANCE
sCHENLEY TO OFFER STOCK
by Blyth & CO..
Nrtr UnDE naN-r ero1,
Times Special

WASHINGTON, Dec. 1S.- The
Schenley Distillers Corp. has filed
an application with the Securities
and Exchange Commission asking
approval of an offering of 10000
shares of 5iz per cent preferred
stock at 500 a share on Dec. II,
it was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
FOREIGN
CANADA FILES WITH SEC
Permanent Registration Statement
Filed to Cover All Issues.

WASHINGTON, Dee. 10. - A
permanent statement covering all of
its securities listed on American ex-
changes was filed today by the
Dominion of Canada with the Sc
curities and Exchange Commission.
The statement was filed in COM
pliance with the recent ruling of
the commission calling on all foreign
bodies whose securities are traded
in on American markets to file
permanent registrations.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18

I h e Recon-
struction FL
nance G o r D.,
kept alive on
g o v e r nment
loans, and then
had to sue
cumb in the
end to the in
evitable.
Some t i m e
ago I wrote an
article which
in effect was a
criticism of the
continuance Of
the policy of
lending g o "
eminent money
I q hnnkri1rnt
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
CANADA LOADING DROT

NEW YORK, Dec. 18.-Canadian
carloadings for the week ended Dec.
7 amounted to 44,921 cars, against
46,815 in the preceding week, and
43418 in the like period of 1894, it
was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
idle FUNDS IN
BANKS PR0BED
BY COMMITTEE
Reserve Board Faced With
Problem OF Credit
Expansion.
BY RICHARD L. GRIDLEY
United Press staff Correspondent

w AOd1NG 1ON, Lee. ID he
problem of curbing idle bank re-
serves to guard against future over
expansion of credit was thrust be-
fore the Federal Reserve Board
again today as its Open Market
Committee began the second day Of
its winter session.
With the boards excess reserves
soaring over the $4,000, 100000 mark
to make possible a potential credit
expansion of 100000, the
board and its two advisory agencies,
the Federal Advisory Council and
the Open Market Committee, are
watching credit developments
closely.
The Advisory Council urged the
board several weeks ago to have the
regional reserve banks sell a por-
ton of their holdings of the $780,
100000 in United States government
securities. It was contended such
a sale would tend to curb reserves of
the member banks.
Doubling of Requirements Studied
This suggestion is being studied by
the Open Market Committee. The
committee, comprising the Gov
ernors from each of the II regional
banks, will review the situation and
possibly make recommendations to
the Reserve Board.
At the same time, the board had
under consideration another method
of reducing excess bank reserves
made possible under the banking act
of 1885. This was a doubling of the
present reserve requirements of the
member banks, which, it was esti-
mated, virtually would wipe out the
present excess reserves of more than
$3,0O0,OOO,0O0.
Regardless of these suggestions it
was believed the board would take
no immediate action regarding credit
policies. The present board is to
be succeeded Feb. by new board
to be appointed by President Roose-
welt, and it is anxious to avoid COM
mitting the Reserve System to any
long-range policy that might not be
acceptable to the new membership.
Officials Not Alarmed
Reserve Board officials are not
alarmed by the present credit situa-
ton. Funds are not being loaned by
banks for speculative purposes. In
fact, these officials regard the secur-
ity market situation as healthy with
market purchases financed by bank
deposits rather than bank credit.
Heavy government spending,
which has served to build up bank
deposits to near their 1929 boom
levels, it was explained, has helped
finance the present rise in security
prices.
Although not directly connected
with the problem of excess reserves,
the Reserve Board also took up an
other matter of credit control today.
This was the PRONUNCIATION of regu-
lations concerning the extent of
credit that banks may offer in
securities. The preliminary regula-
tons are to be made public within
a few weeks.
Brokers have been governed in
credit extension on securities by
definite limits ranging from SIS to rs
per cent of the market value. Banks
have been free to use their own dis
cretion in security loans, but under
the regulations may be restricted to
the same extent as brokers. This
would discourage a possible future
use of a large amount of bank credit
for the purchase of securities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-18
Local Securities

because quotations on local securities
are unlisted on an Exchange. The Times
can not assume responsibility for the &C.
curacy of these figures gathered from local
hrokers