Indianapolis Times, Volume 41, Number 143, Indianapolis, Marion County, 25 October 1929 — Page 29

OCT. 25, 1929.

STOCK SLUMP IN GERMANY IS CONTINUED Political Uncertainty Tends to Reflect Consistent Downtrend. Bu United Perm BERLIN, Oct. 25.—Black days on the German stock exchange have been transformed into "black months” and the index for all shares on the Berlin Bourse continued today to reflect a continual downward trend. The depression and steady decline in the value of shares is attributed to political and psychological factors, rather than industrial depression, but it is noteworthy that the latest slump began in April, when the Young Reparations Plan conference was in session. At that time the mark wavered slightly, but enough to startle many v.ho believed it was unshakable. The flow of United States loans and credits into Germany, estimated at

i Canada Dry Ginßerate 3 81,11 es SO* II CBl PHES \ ArK?r. 3ekgs.l7c 1 Super Suds 2^I is •&££!*** “ 1 - 3 ft 23c 1 Cakes Each 23c I Lrs e Can ’ 1 Vanilla Wafers PYesh Bak " 1 Lb. 19c Large cans jC 1 Mint Patties Delicious Candy I r , Ca „s,s2.6o \ Peanut Brittle Crlsp ’ crunchy Lb. lge Corn —Peas Club \ Tomatoes 1 1 1 STANDARD BRAND 1 p\nß3pp \ No 2 Cans ft Ha „alln \vs 1 B of trop g slices in can ‘ 1 Fresh Daily From Our Owi> jw—. £J evr uo; average ° I #|Br Modern Dairy, quart lid Df % syrup. 1 Coffee Cream, V, pint 13d Pt ' J Large Can, ft _ 1 O 8 e C.73 c l marshmallows mvl ■_T 1 PURITAN BRAND pM Cans, 3 Toasting Forks Given With Each Pkg. SSL— 2% Lb. Pkg. 39c I \ Oranges Sunklst 2 2s* j 1 Apples GrtaesGolden 4- bs -2Sc | I so. 3 care 1 BaHaffaS Lbs. 29c 1— ’ \ Grapefruit 54 s '“ 3 ,or 2S e 1 S pEA®? 1 Green Beans Slrtoßless 2 Lbs. ISc I I ”*' Head Lettuce SI'S 2 Hds. 15c ■ we cans Q r& p e g Tokay 3 Lbs . * Potatoes D s No 1 15 Lbs 43 c B B U fit Bl ”ut From Young Corn-Fed f HtoH IlflMb^sr Lb - Zl c Fresh Ham Steak Center Slices Lb. 29c I Pork Sausage Flantation Seasoning Lb. 22c Sliced Bacon u Lb. 17c Round Shoulder .s.x., L b . 29c Corned Beef *w L b . can $1.49 Chuck Roast--" '-25 Chickens Lb - 36

$23,000,000,000 since the end of 1024, suddenly was reduced to a trickle last May and June and ceased entirely in August and September. Uncertainly as to Germany’s ability to fulfill the Young Plan terms has Increased the nervousness of the Bourse and financial scandals at FTankfort, London, Vienna and the Berlin municipal graft case have tended to undermine popular confidence. Recently the bearish speculators, both Germans and foreigners, have pushed stocks down even further. Trading now is very light and selling slight, with virtually no buyers. Even small stock offerings do not And takers, thus promptly lowering already depressed prices.

The Beat Pound You Ever Bought!

GLOSSBRENNER CLAIM DENIED Labor League Says Another Shortened Labor Hours. Julian Wetzel, proprietor of the Keystone Press, who is a candidate for school commissioner on the citizens’ school ticket, and not Alfred M Glossbrenner, Republican candidate for mayor, was the originator and father of the forty-four-hour

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week in Indianapolis printing trades, L. O. Royer of the Nonpartisan Political Action League declared today. Royer refuted the statement made bv Glossbrenner to a gathering of ministers of the Negro Baptist churches Wednesday when he declared the "Levey Printing Company was the first printing establishment In Indianapolis to grant its employes the Saturday afternoon holiday.” In his statement to the min-

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isters Royer said: "Glossbrenner failed to state with equal frankness that, In giving his employes the Saturday half-holiday, they were forced to work longer hours during the other five days to make up for that concession. "Wetzel, on the other hand, gave his employes the half-holiday without making them meet the requirement of working overtime in order to enjoy that privilege and he also paid them for the time off.”

KERN THOSE POST City Plan Board Does Not Have Sufficient Funds. William C. Kern, Democratic member of the city plan commission legal staff, will be dropped from the city pay roll, Nov. 1, it was learned today. Kern, considered at city hall as

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a personal appointee of Mayor L. Ert Slack, will be dropped because the funds will not permit employment of two attorneys. Lloyd Claycomb. Republican, and member of the 1929 legislature, who has served as plan attorney for five years, will be retained. Ear\ receives $l5O a month. The commission voted to drop Kern, who was appointed in May. 1928, on motion of Councilman Herman P. Lieber, a Republican. The motion was seconded by City Engineer A. H. Moore. The reason

PAGE 29

given for retaining Claycomb. rather than Kern, was that he had represented the board for a longer period and had served previously on the commission. Former Lawmaker Gains Bjt Timrtt si>ri ini ANDERSON. Ind., Oct. 25.—J. J. Netterville, former state senator, will be able to return home next week after having been a surgical pat ent at Methodist hosp tal. Indanapolia, for several weeks. His condition i3 much improved.