davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
LIFE Underwriters
TO CONVENE HERE
State Association Members
10 Attend Congress.

Life underwriters of Indianapolis
and members of various associa-
tions throughout the state are to
attend the annual sales congress"
sponsored by the Indianapolis AS
ISOLATION of Life Underwriters Fri
day at the Columbia Club. About
four hundred are expected to at
tend, Claude G.. Jones Jr., general
chairman, predicted.
Committees and chairmen direct
ing the sales congress are Mr.
Jones; vice chairman, Wendell Bar
rett; cooperating organizations,
Herbert A. Luckey; ticket distribu-
ton, Jean Black, and publicity
printing, Edward A. Kruger.
Organizations cooperating in the
sales congress with the Indianapolis
Association of Life Underwriters, of
which James L. Rainey is president,
are the following: Indianapolis
General Agents and Managers AS
ISOLATION, William H. Meub, presi-
dent; Indianapolis Chapter of Char
tered Life Underwriters, Carl Nc
Cam, president; Indiana State As
ISOLATION of Life Underwriters, Ho-
mer l.. Rogers, president, and the
Insurance Federation of Indiana,
Herbert A. Luckey, president.
Speakers are Eric j. Wilson and
Leon Gilbert Simon. both of New
York City; Bert c. Nelson of Mil
waukee, Wis, and Lambert D. Fow-
Ter of Cincinnati.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
|PORKER PRICES
REACH S11 MARK
Market Generally 10 to Is
Cents Higher; Cattle
Unchanged.

Porker prices again were gen.
orally 10 to Is cents higher today
at the local stockyards. This car
ried the top to S11, the highest level
reached since July %. Continued
light receipts in face of a strong
demand was largely responsible for
today's upturn.
Weather conditions, however, had
some effect with the return of sub
zero temperatures. The supply was
estimated at only 5000. and hold
overs numbered "a. Receipts also
continued scarce at surrounding
livestock centers, strengthening the
local demand.
The general bulk of 100 to 225
pounds cashed in at $1,000 to S11.
Medium heavies, from 225 to $50
pounds, we're salable at $1,000 to
5000, while extreme heavies
brought 1895 to 5000. Slaughter
pigs, from 40 to 100 pounds, cashed
in at $10.25 to $1,000. Packing sows
held at 1878 to $3.50.
No change of Importance was
shown in the cattle market. Sales
were steady on most all classes, in
Guiding steers and heifers. Steer
quality was plain with the bulk
valued to sell from SO down. Bulk
of heifers ranged from Sc to $3.50.
Bulls and COWS were steady to
strong, with the latter salable at S.
to $3.50. Receipts numbered 900.
Following a steady opening the
veal market moved sharply 81
higher under a strong demand. At
the close prices ranged from $13
down. Receipts we're 400. Lamb
prices were generally Is cents high
er. Three loads Of fed westerns sold
at $11, while a single load of better
grades brought $11.25. Native classes
ranged from $1075 down. Slaughter
sheep held at 1925 to S.. Receipts
were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
JANUARY REAL ESTATE
DEALS TOTAL S239, 100
North Side Realtors Report Best
Business in Final Week.

Transactions involving sale of
residences, apartment houses and
building sites completed by mem
bers of the North Side Realtors of
the indianapolis Real Estate Board
during January amounted to ap-
proximately $239, 100, it was an
nounced today.
The large total was established
during the month despite a handi-
cap of severe cold weather. The
final week was the most active Of
the month, when the total volume
of business was reported at $780, $50.
Sale of seven dwellings. u lots,
start of new residence in Arden
addition and sale of an apartment
building marked transactions for
the week ended Jan. 81 A special
committee was appointed at the
weekly meeting to study certain
phases of the organizations bylaws.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
FIRE INSURANCE
ELW0OD ASSOCIATION
TO BE FEDERALIZED
Preliminary Approval Given Appli-
cation at Washington.
Times Special


ELWOOD, Ind, Feb 5.-Applica-
ton of the Rural Savings and Loan
Association, Elwood, for charter as
Federal institution, has been
given preliminary approval in Wash
ington, it was announced today.
Final approval of the federaliza-
ton which is expected within ap-
proximately 80 Gays, will place the
Elwood association under Federal
supervision and provide insurance
on investors accounts up to $4,000
for each shareholder.
Under Federal supervision the
association will be reorganized on
a strictly mutual basis and all par
ent stock is to be converted into
shares of the new institution. Ap-
proximately 5000 persons who now
have about $135, 900 invested in the
local association may transfer their
holdings at par value to shares in
the Federal association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
BUYING POWER
seen AIDED BY
GAIN IN CROPS
Increased Harvest in 1885
Shown by Agriculture
Department.

Times Special
NEW YORK, Feb. 5.-The final
report issued by the United States
Department of Agriculture on the
1885 harvest indicated that the total
production of crops was Substan-
TALLY above the 1884 volume which
was sharply curtailed b. a drought,
an analysis by the Alexander Ham
ilton Institute showed today.
OF % principal crops, the yields of
only three, potatoes, pears and
buckwheat, were smaller than in
1884. The yields of a number of
crops showed extraordinarily large
increases. The rye crop, for in
stance, rose from 100000 bushels
in 1884 to 57,9O0O00 bushels in 1886,
an increase of 2619 per cent.
Wheat Crop Below Requirements
Compared with the five-year
(1928-1932) average yields, produc-
ton in 1895 was not as favorable
as when compared with the 1884
volume. However, the yields of II
of the % crops were above the
1928-1932 average yields. Of the
IL crops which showed curtailment,
the largest decreases were shown by
wheat with drop of 299 per cent
and by cotton with "a drop of 27.2
per cent.
The wheat crop was below do
nestle requirements but this deficit
was offset by the carryover. The
total supply however, was not great
enough to provide an exportable
surplus. In the case of cotton, there
was a sufficient supply to meet both
domestic and foreign requirements
due to large carryover.
Nation Will Benefit
The larger harvest in 1885 than
in 1884 means that a greater supply
of food will be available in 1886
than in 1885. AS result, not only
food prices but the prices of all
other commodities should be more
reasonable with the purchasing
power of the nation consequently
benefiting.
The most favorable feature of the
1885 harvest was the increase in
the output of feed crops. This will
permit the raising of larger sup
ply of livestock in 1886. This will
ease the meat shortage and make
for lower meat prices, thus removing
one of the chief obstacles which
hindered progress toward recovery
in 1885,
The combined output of the three
chief feed crops, corn, oats and hay,
amounted to 168,000000 tons in
1885 as compared with 104,OoO0OO
tons in 1884, an increase of els
per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
CREDITS ABSORB
MOST OF HUGE
GOLD RESERVES
Less Than 500 Millions of
Metal in Treasury Is
UnobIigated.

By United Press
WASHINGTON, Feb. 5.-The
Federal government has less than
$500, 100000 in free" or unobligat-
ed gold in its vaults out of it's rec
ord-breaking reserves of sI0,182.-
246,742, Treasury figures showed to-
day
OF the total gold reserves, ST.
$685. $3.50 has been set up as
credit to the 10 Federal Reserve
banks and $2,OOO,0O0,00O has been
set aside for the exchange stabiliza-
ton fund to keep the dollar steady
in the world markets.
An additional $156,039.43l is set
aside as a gold reserve for United
States notes and s15,684,O53 as a
redemption fund for Federal Re-
serve notes. This leaves free" gold
of S451 ,527 1892 in the Treasury.
Treasury Keeps Metal
Treasury officials were unper-
turbed because more than three
quarters of the governments gold is
credited to the Federal Reserve
banks. The Reserve banks can not
demand the gold for their own pos
session and the Treasury will re-
lease it for export only when the
dollar falls below par.
Physical possession of the gold
rests with the United States Treas
ury. The Treasury sets on its books
a credit for the IL reserve banks of
$5,636 ,372,017 against some of the
gold and has given the Federal Re-
serve Bank of New York certificates
against another $4,000 10000 worth.
The Reserve banks in turn are
using this gold credit and gold
certificates as backing for their out
standing $3,500,000,O00 in Federal
Reserve notes. But neither the pub
Tic nor the Reserve banks can get
physical possession of the metal.
Bookkeeping Is Necessary
Treasury officials said this book
keeping was necessary to furnish the
Reserve banks with gold backing for
the notes and to enable the Cover J.
ment to spend the gold.
In either case, however, the gov
eminent continues to hold possess
sion of the gold even though credits
against it are spent and used as
backing for Reserve notes.
Should the government wish to
use the gold for such purposes as
export, however, it would be neces-
sary for the Treasury to borrow or
obtain money to reimburse the Fed
eral Reserve banks for the credits
and currency they have extended to
the Treasury against the gold.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
AMERICAN W00LEN co.
DECLARES DIVIDEND
Directors Vote 81 a Share on
Preferred Stock.
Times Special

L tmeS SpectUt
NEW YORK, Feb. 5.-Directors of
the American Wooden Co. have de-
clared a quarterly dividend of 81 a
share on preferred stock on account
of arrears, it was announced today.
The payment is to be made March
16, to stockholders of record Feb. 20.
The company earned approx
mately $5,110, las during 1885 before
depreciation and Federal income
taxes, according to preliminary fig
ures. A net profit of $3,196,577 be-
fore provision for Federal income
taxes was reported.
The net income this year replaced
a net loss of $5,458, 495 for 1884. Di-
rectors expressed the belief at the
recent meeting that earnings for the
year warrant the continuance of
quarterly dividends at the current
rate during 1886. unless conditions
change materially.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
On Commission ROlD

Quotations below subject to change are
average wholesale prices being offered to
Observation-Disclosures, Florida aie'S mint
Howes. Eatmores, 2s-lb box. ss.25 Pears,
W WssRon hos AnG ssas s es
fornis Avocado l2o324sl. $3.50. Grapes,
Extra Fancy Empors t34-lb, sawdust
sheso' ss7s; Lines s.a Mexican carton
Dates. Fresh Arizona. $3.50. Bananas,
seven hands, pound, SC. Apples. Delicious
fancy baskets. SIS; Jonathans, $50;
Texas seedless ls4s-s6sj. $3.50 Arizona
sunkist lsosl; s2.7s: Tanserines, Florida
veGetables-Articokes. California Cdoz).
lhamperi: sSa5 Beets, Texas Is doz,
bsge. New York Danish t5o-lb. bagl,
goo; New Texas tcratel. sl5o. RED cab
bsge l5o-lh. bagl, 81. Carrots. California
cratsl. si.T5; lbusheD $3.50. cauiinower,
California fi2s crate). SITS. Celery.
Flo5ids washed and trimed (doz.,, sOca
cucumbers, .hothouse tdoz.l. Sis: south
ern tbushel). Sc, Egg Plant. Florida
ldozl. $3.50, Kale. Virginia Ibushen. sOc.
LETTUCE L q. Iceberg Arizona best As, So.
Sis. Endive, California Idozl. COS.
Peppers. manages tcratel. $3.50: peck bas-
ket. $3.50; tdoz,l 6oc. Mint, dollhouse
,dozl 7Se Mushrooms ,poundl. soc.
Indiana. yellow t50-lb. bagl. s135: In
diana yellow lo-lb. basl, use; western
home grown tdoz.l. 4oc. Parsley. southern
Ilong punches doz soc. Parsnips, home
soc. Peas. Florida tiamperl. So. Pota-
toes. Michigan Round White IiSn-lb bagl
Sis: Maine Green Mountains fi00-ib.
bag, 50 50; r. r, Early ohioS (io0-lb.
bag. ti.ss: r. r. cobblers (io0-lb. bae1
si.55 Idaho Russets ti00-lb bael. s2,S5:
Idaho bakers los boxl $40: Col Me
ciures tioo-lb.. bagl, 81: Kew Texas Tri-
IndiGna Jerseys els busheD. $3.50; mediums
,sushel, 81 Tennessee Nancy Halls
ibushel cratel. $3.50. Radishes. home
grown buttons fdoz.l. 40650c white 40e.
Rhubarh. dollhouse 1buachl Soc Ruts-
bsgas. northern lso-lb. bag, s5c. Sage
4Sc. spinach. New Texas lbusheli. i5c.
TnEnips, home grown washed busheil.
$50. Tomatoes. repacked no-ib box.
5i.55, original Cuban g30-Ib. lugl, So.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
Other livestock
(Rv United Pressl

CHICAGO. Feb, .-Hog-Receipts, 5000,
including 1000 directs; unevenly lo025c
higher than 1ueSdays aye1ag re- So s9Ws
G10.S5; 25o-3oo lbs. slo.35@lo.65; better
grade. 14o-l60 lbs, s1035d 1890: few sows,
s935@s,50. Cattle-Receipts., 5000; calves:
receipts 500 Run a6Iidgea IN % la setiv Ve
as reduced receipts might suggest, gen
orally steady to Csc higher on most killing
classes particularly steers bsts sna arade
upward not much here. of value to sen
above $40; feeders, dull in sympathy with
Indictment weather: light weight heiters
sausage bulls, s6.so@6.so; sprinkling Of
vealers. $3.50 down. Sheep-Receipts.
5000; bids and sales around STEADY 70 zoe
about steady: better grade lambs opening
around $40 50610.75 with most bids toward
inside; best held higher; as yet ntIie cone
on yearlings native ewes. s4G4.7o; pest
held SIS and above.
FORT WAYNE. Ind; Feb. 5ZHogsmioma
15c higher; le0-l8o lbs, sio.s5; Ise-2 2o
IISs $3.50 5sO.I55 lbs 5000 2a57soo
sio'25: i2o-14o lbs. $40; 100-12o lbs. ss.75:
lambs lambs sio'25.
LAFAYETTE. Ind, Feb. 5.a,HogsmMar,
les fess sl aoS hif ibs @
lbs. $40 as Gio.45: 2eo-325 lbs, sloG rs:
100-1T0 lbs, 1918 a 1923, rougns. s5-ou
down; calves. s11; top lambs. $1,000 top.
fBv Times Special
LOUISVILLE. Feb. 5.-Cattle-Receipts
400. including 50 on through billing
saiahie supply light; most classes fully
steady; low cutters and cutters around 25c
higher than Monday: bulk common to
medium steers and heifers. $3.50 725:
few dairybreds down to s5.25 or less:
better finished steers quotable upwards of
ss50; bulk beef cows, s5G5.75; practical
ton. So: low cutters and cutters mostly
Ss,T5N4'75: sausage bulls ouorable mainly
s5ds Is: best heavies TO $3.50; bulk light
beef type stockers and stock calves. $50
8: palmer grade light southern dairybred
stockers s4M5. Calves-Receipts; 1I5:
dications strong TO higher on better
grades: bulk GOOD to choice vealers Tues
dav sfo5nH1150: medium and lower
grades $3.50 down. Hogs-Receipts. 500
market; Ice higher; top and bulk. i6o-22 s
lbs. $40: 3o5 lbs. up. ss-55: l2o-l55 lbs.
sg.75: sows $3.50. Sbeep-Receipts. so:
supoly very light market uuotable steady:
bulk desirable native lambs. seGe.5 50:
palmer grades, $500 $50; fat ewes, 81
IuNusv
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
Produce Markets

The prices quoted ars paid for stock
gathered in the country. while delivered
IN indianapolis the price is q cent higher
er. Heavy breed hens, lSc; leghorn breed
Isc AZ iSI coes sptrser nSi. oo ss
and over lie: geese. full fsathered all
sizes. I0c; all guineas. "a lbs and Up. 15c:
No. strictly fresh eggs. loss of. Ale. Each
ductior of 10 cents a pound under SIS lbs.
will be made. No. l butter 37i2i3ei2c:
No. 2. 34iz @S5i2c. Butterfat. SIC. Quoted
BY the Wadley Co
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05

Greater speed in the circulation
of money is shown by bank debts.
December debts, outside New York
City, gained nearly 20 per cent over
a year ago, and was the largest
amount for any December since
1880.
Debts for the entire year 1885
went ahead of 1884 by Is per cent
and gained 33 per cent over the low
year of 1888. These figures show
that money is working harder. Here
is the paradox: The harder it
works the more work it gives to
others,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
FRUITS AND VEGETABLES
lBy United Press

CHICAGO. Feb. s.-Apples- Michigan
Mcintosh. bushel- 75cGsi25 Carrots-Illi-
nois hushel. 406 soc Sweet potatoes
Tennessee bushel, s5G95c Beans-Florida
bushel, Sl.5od3. Cabbage-Sacks. per cwt.
i.35mi so. Peas-California bushei hamp-
ers. S29S 30. Spinach-Texas. bushel, 75c
I$l.2o: Lettuce-Western crates. doz.
S2.25m260, Cucumbers-Cuban bushel. 50
$3.50. Ceiery--Florida crates 50 75@3.35
Observation-Disclosures crates. sfmi.35 To-
market g50-lb. sscksi--ulinois yellows 75c
Gsl.; indiana yeilows. s5c 6si ola: Colo
RADIO yellows. sl.ioi Washington Valencias,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05

which a Euro
pean can trans
late his own
m on z y in t o
terms of foreign
moneys, W h II e
the new Amer
lean tourist has
TO stop and ask
some one what
two pou n d S.
three and six"
Means in Eng
land.
But If many
of us are unin-
terested, Amer
lean importers
and exporters
m a nufacturers
and merchants
uyInO htitf at1ri
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
Trends
Devalued D 0 | | a r
Injuries u. S.
Trade.
by JOHN T. FLYNN

NEW YORK, Feb. 5.-Perhaps
L nothing interests Americans
so little as the merry dance of the
unstabilized dollars, pounds, francs,
marks and lire. These foreign mon
eys seem far away from us. That is
why an American traveller is al
ways surprised at the ease with
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
WHOLESALE PRICES DOWN

Times Special
WASHINGTON, Feb. 5.-The in
dex of wholesale commodity prices,
based on the 1868 average, de-
clined to 77.9 for the week ended
Feb. from 1870 in the preceding
week, according to the National
Fertilizer Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
DIVIDENDS TOTAL 212
Favorable Changes During January
Exceeds 1885 Figure.
Times Special

FWttN NptCTUI
NEW YORK, Feb. 5.-Favorable
dividend changes totaled 203 dur
ing January, compared with 329 in
the preceding month, the Standard
Statistics Co., New York, reported
today.
Although the figure was season.
ally lower than in December, 1895,
1t was about so per cent higher than
the January, 1885, total of 1856. I'm
favorable changes during the month
numbered nine, against Is in De-
cember, and % for January. 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05

WIN OAJ anu
sell sbroad-are interested. And
there are in good times more than
million Americans who work for
these merchants and manufactur-
ers who depend on the foreign
market.
This is why, though we don't
notice 1t, we all might we'll be in
terested in the struggle of bedev-
lied French ministers TO save their
beloved franc from slipping.
In our daily affairs when We go
shopping we buy goods, never
money. But those engaged in for
eign trade have to buy money as
we'll as goods.
VXTHEN you buy goods in
W France, you can not pay for
them with dollars. You must first
use your dollars to buy francs.
Then you pay the bill with francs.
The Frenchman who buys in
America must first buy dollars to
pay for the goods.
1t is important, therefore, that
francs. pounds, dollars, lire, etc.
should always cost the same. That
is why merchants and manufacture
ers are demanding what we hear
named by the impressive words
international currency stabiliza-
ton"
The trouble began with England
She went off the gold standard in
the fall of 1881. Her pound sterl-
ing was worth $486. England let
it slip in foreign markets until it
was worth only 1888. You could
have bought an English pound for
that price in this country back in
1888.
How did this help England?
Well. to buy one pounds worth of
English goods, you have first to buy
a pound sterling. In 1881 you would
have had to pay $486 for it. Buy
by 1888 you could buy a pound for
1888. Therefore you could buy a
pounds worth of goods which for
merly cost $486 for 1888 This was
the same as heavy price cut TO
Americans 1t stimulated buying
in England. But it also curtailed
British buying in America, be-
cause the price of American dollars
had risen and hence the price of
goods here rose for Englishmen.
TN 1888 President Roosevelt de-
Il valued the dollar. Then the
price of the English pound and
French franc went up. A pound
sterling cost $5.18. An American
had to put up $5.18 to buy what
once cost him 1888 in England.
We didn't buy so much. In
stead, our dollars were cheaper to
France, England. other countries.
1IlC EICS1dCllI LllOuSllG LlllS WCEIQ
induce foreigners to buy more
American goods. But it didn't.
What it did do was to upset cur
rencieS.
Now France is in trouble. The
high price of her franc makes it
expensive for other countries to
buy there. and cheaper for French
men to buy abroad. France is,
therefore, losing her gold. She
now appeals to Americans and
English to help her save her gold.
Would 1t not be better if this cur
rency war was ended and curren-
cies were stabilized so that bust
ness men knew the value of the
money they deal in?
This problem now faces the
President. Will the inflationists let
him act? They want the dollar
further devalued. How can he
make any agreements about the
future value of the dollar when he
doesn't know what it will be?
Copyright, 1886 by NEA Service, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
DIVIDEND DECLARED

IthitS NptctdE
NEW YORK, Feb. 5.-General
Motors Corp. today declared tn
regular quarterly dividend of SO
cents share, payable March IL to
stockholders of record Feb. l3.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-05
PAGE IS
SEASONAL DIP
IN PAY ROLLS is
RECORDED HERE
State Employment Service
Reports Statistics for
January.

Employment and pay rolls in, In
diana during January retained
most of the ground gained in 1885
despite general decreases through
out 81 groups of major industries
Martin F. Carpenter, Indiana State
Employment Service director, an
nounced today.
The declines, however, were in
line with seasonal expectation, Mr.
Carpenter said.
Total employment. as reflected in
preliminary tabulations from re-
ports received from 1920 establish
ments employing 1862 persons in
January, declined 81 per cent from
December. Pay rolls decreased sc
per cent during the same period.
Best Since December, 1881
Employment in manufacturing in
dustries in the state dropped 1.3 pei
cent from the December peak, anc
manufacturing pay rolls decreased
73 per cent during the month
Manufacturing employment was or
level with November, 1885, anc
with the exception of December
was we'll above any month since
June 1884.
Indiana manufacturers paid more
to their employees during January
with the exception of December
1885, than in any month since De-
cember, 1881, the first date upor
which such information is available
for the state.
The expected seasonal trend o.
manufacturing industries is re-
f1ected by the fact that during the
last Is years in the United States
employment has decreased on thu
average of 1.3 per cent from De-
cember to January, and pay roll!
have experienced an average de-
cline of per cent.
All But Three Have Losses
Employment in Indiana manu-
featuring industries in January wa.
81 per cent above January, 1885
Pay rolls were 1863 per cent greater
than during the corresponding
month a year ago.
OF ID major groups OF manufac-
turing industries studied, all but
three experienced employment losses
during the month. Gains were con-
fined to the machinery, 3.6 per cent
railroad repair shops, A per cent
and the non-ferrous metals, OIL pei
cent, groups.
The transportation group, ir
which the automobile and automo-
bile parts manufacturers are pre-.
dominant, decreased employment
only O.3 per cent. This small de.
crease in one of Indianas major in
dustries is significant in view of thu
early introduction of new model!
during the latter part of 1885.
The greatest loss occurred in thu
tobacco industry, where employ
ment fell BIS per cent. Other en-
ployment decreases were as follows
Iron and steel, 0,6 per cent; lumber
and allied products, % per cent
stone, clay and glass, 3.8 per cent
textiles, OIL per cent; leather, q
per cent; foods, 20 per cent; paper
and printing, 48 per cent; chem
icals, 81 per cent; rubber, S.5 pei
cent.