davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-07-10
SAGG|NG STEEL
tissues STAGE
RECOVERY
Rails and Utilities in Good
Form, Though Selling Only
In Unusually Light Volume
BY w, S. COUSINS

NEW YORK, July 10 UN.SD.
With a turnover of only 100000
shares up to the noon period TO-
day, stocks in all sections of the
market moved through the mar
Towest of price ranges.
Speculative interest was largely
centered upon the latest develop
91ents in the German credit situa'
ton, and a further drop in Ger
man government bonds, particu-
larly the new 512s, reflected un-
eASineSs over this situation.
g Steel Stocks Slip
AS expected, the United States
Steel Corporation showed de-
crease of 141,000 tons in the June
velume of incoming business.
Both of the major steel stocks
were reactionary in the early
trading, with Bethlehem off about
q points and U. S. Steel down ia
at 95A. Immediately after the
posting of the statement, U. S.
Steel shot up to 97l2, carrying
with it a number of well-known
industrial shares.
The rails and utilities were in
good form from the start, though
trading was in unusually small
volume. Half way through the
fourth hour the market was in a
fair way to break the years low
volume record of 100000 shares.
which was recorded near the end
Of June.
Utilities Range Narrow
Consolidated Gas. American and
Foreign Power, United Corpora
tion and American Waterworks
led the activity in the utilities,
with narrow swing in prices.
Commodity markets we're at
StandStill and prices were gener-
ally lower.
The Washington times., 1931-07-10
IS MADE
Of FAILURES

There were 10,942 failures, with
liabilities of $266, ,455,722 and as
sets of $16S, ,5OO,OSO, in the United
States from January i to April
80, the Department of Justice an
nounced yesterday.
The department is conducting
a general bankruptcy investiga-
ton, the present phase being to
ascertain the relative Importance
of bankruptcy administration and
other types Of insolvency liquida-
ton.
Thus, Of the 10,942 failures in
the four months period, 7191
with liabilities of $154,346.960 and
assets of $81. .437 ,254 were handled
by the bankruptcy courts. This
was IS per cent of the cases
involving So per cent Of the liza
bilities and so per cent of the
assets.
There were TAO receiverships,
with liabilities Of $68, 8,339,315 and
assets of $55,557,415. General as
signments for the benefit of credi.
tors totaled 1,747, with assets of
$40, ,103,564 and liabilities of $18,-
920.100. Failures handled through
miscellaneous means, such as
sales under execution, totaled
1884, with liabilities of $24.849,,
BAT and assets Of $l6,401,797.
The Washington times., 1931-07-10
Price of Platinum Metals
Falls Far in Year

amounted to 43,502 ounces, OF
which 9,308 ounces was reported
to have come from domestic
materials.
Refiners, near the end of the
year, reported the high price OF
platinum at $40, the low, at $27,
and the average for the year at
$44 an ounce.
Refiners gave the following
iridium prices: High, $3.50; low,
$1O0; and average for the year,
$179 an ounce.
Refiners reported a high on
palladium of $40, a low of SIG,
and an average price for the
year of $24 an ounce.
The quoted price on rhodium
during 1880 fluctuated between
$45 and $55 an ounce; that on
osmium between $50 and $75 an
ounce; and that on ruthenium
between $35 and $48 an ounce.
At the end of 1880 stocks of
platinum metals in the hands Of
refiners were 1866 ounces, an
increase of 8 per cent as COM
pared with the stocks at the end
of 1929.
The Washington times., 1931-07-10
FRAUD CHARGED
IN BANK SUIT

NEW YORK, July 10 G.N.S0 q.
A suit on file in Federal court
today by the Irving Trust Com
pany charges seven directors and
officers of the bankrupt Sonora
Products Company of America
with deliberately diverting into
their own pockets $1,50O,0O0 in
profits from stock sales which
should have gone to the company
The defendants named in the
suit include Anthony J. Drexel
Biddle, jr., Percy L. Deutsch,
former president of the Acoustic
Products Company; Wiley Rey-
nolds, Adam Stein, jr, Victor C.
Bell, Roy G. Martin, Harris Ham
mond and Arthur D. MendeS, all
directors: Malcolm R. White, an
employe; w. R. Reynolds & Com
pany. a Maine Corporation, and
w. C. Bell & Company, Inc, Of
New York.
Reynolds and ". R. Reynolds
& Company are excluded in the
complaint from sharing in the
profits.
The Washington times., 1931-07-10
CHICAGO LIVESTOCK

CHICAGO, July 10 GN.s).
Hogs-Receipts, $1,000; m arke ct
steady to 10c higher; top. 760:
bulk. 4.85@7.6O; heavy weight.
6.OO@745; medium weight, 7.15@
7.65; light weight. 7.15@7.65;
light lights, 6.85@7.35; packing
sows. 4.65@585; pigs, 6.25@7.00.
Holdovers, 5000.
Cattle-Receipts, 1000; market
steady. Calves-Receipts, 1000:
market steady. Beef steers, good
and choice, 7.5O0850; common
and medium, 5.OO07.0O; year.
lings, 5.OO@8.75; butcher cattle.
heifers, 4.5OQ8.25; COWS, $500
$50; bulls, 3.5O@5.50; calves,
7.0O@9.5O; feeder steers, 4.50@
CTS; Stocker steers, 4.500700;
stocker COWS and heifers, $500
600.
sheep-Receipts, 5000; market
strong. Medium and choice lambs.
7.25@7.90; culls and com m on,
1000 $50; yearlings, 3.50@6.OO:
common and choice ewes, 1000
$50; feeder lambs, 5.OO05.5O,
The Washington times., 1931-07-10

The platinum refinerS of the
United States in 1880 purchased
797 ounces of crude placer pIati-
mum of domestic origin and A.
765 ounces of foreign crude plati-
mum, according to the United
States Bureau of Mines, Depart
ment of Commerce. In 1929 the
refiners purchased SIS ounces of
domestic crude platinum and ST.
6l8 ounces of foreign crude plati-
mum.
Domestic material purchased in
1880 included 513 ounces from
Alaska, 236 ounces from Califor-
mia, 10 ounces from Oregon, and
38 ounces from unSpecified
sources. Purchases of foreign
crude platinum in 1880 included
SAT ounces from Australia, 6
ounces from Canada, 4O,52O
ounces from Colombia, 2 ounces
from Russia, and $500 ounces
from South Africa.
Refined platinum metals re-
covered in 1880 from crude plat
mum, from ore and concentrates,
and gold and copper refining
The Washington times., 1931-07-10
GROUPS LISTED.
IN ORDERFOR
RECOVERY
Spectator Cites Financial
Analysis to Aid in Making
LikeIiest New Investment
By THE SPECTATOR

NEW YORK, July 10 UNSD.
With view to rearranging
present investment holdings so
as to participate to the fullest
extent in the next broad recovery
phase of the business cycle, q
prominent financial publication
has grouped leading industries
according to their relative posi-
tions.
The view is taken that the
stimulus to business recovery will
be manifested first in those lines
which cater direct to the needs
of the ultimate consumer.
Three Class Groupings
On this basis. the automobile,
food, merchandising, railroads,
shoes, Steel. telephone, textile,
tire and utility industries are
listed first.
In the second group, in which
improvement should be reflected
somewhat later, are placed avla-
ton, chemical, drugs, electrical
equipment, machinery, metals,
office equipmen publishing,
radio and tobacco.
In the third group, somewhat
independent of the other two.
are included those industries
whose prospects are relatively un-
certain, in most cases because
their status depends upon factors
of economic maladjustment ex-
listing within themselves.
In this group are included the
amusement n dustry, building,
coal, farm implement. fertilizer,
oil. packing. paper, rail equip
ment and sugar.
Earnings Estimates
Tentative estimates of earnings
per share to be reported by lead
ing corporations in the first half
of this year, as prepared by Stand
ard Statistics, are as follows:
Air reduction, $3.50; Allis Chal-
mers, 80 cents; American Machine
and Foundry, 81: Borg Warner. IS
cents: Coca Cola, Sc: Columbia
Graphophone, 81; Corn Products,
SITS; DUPONT, 1925; Gillette,
$1.20; Hershey Chocolate, $5.75;
International Business Machines,
$4.75; Johns Manville. $1.1O; Ma
tional Biscuit, $1.40; National
Dairy. $l85; Radio Keith, so
cents: Standard Brands, IS cents;
Texas Gulf Sulphur, $1.75: West
ern Union, $3.l0; Worthington
Pump, 81, and Wrigley, $3.50.
The Washington times., 1931-07-10
FRENCH ADMIT I
MORE FILMS

Restrictions on the number OF
American films which may be i'm
ported and exhibited in France
have been removed by the French
Film Control Commission, the
Department Of Commerce was ad-
vised yesterday.
Under new regulations which
will apply for one year, films
produced in the United States
and which do not restrict French
films. may be exhibited in all
French territory.
The regular import duties will
be levied.
The only exceptions are
dubbed" films. that is, talking
pictures in which French is sub
stituted for the language orig
inally spoken.
The Washington times., 1931-07-10
COTTON GOODS LOWER

NEW YORK, July 10 GNSD.-
Secondhand sellers cut prices in
print cloths "a cent today to make
sales Of some moderate quantities
of goods. Lots bought speculative
~ during the recent period of
heavy buying of gray goods began
10 come out as buyers reversed
their previous opinion as to the
probable course of cotton prices,
ana decided that it was time to
sell. First hands quoted unchang-
ed prices on most of the standard
constructions, although a few re,
auctions of "a cent were made
mere and there in the market
Sheetings were quiet with little
Iraolng. Other coarse yarn goods
were slow and unchanged.
The Washington times., 1931-07-10
Fox Film Reports
Income Decrease

Fox Film Corporation and
wholly owned subsidiary, con-
trolled and affiliated companies
in the comparative consolidated
statement of income and expenses
for the quarter (13 weeks) ended
March %, shows total income
from all sources of $25,458,223,
as compared with $26,975,744 for
the corresponding period Of 1880.
Total expenses were $23. los, ,23S,
compared with $22.4c1.527.
The Washington times., 1931-07-10
Britain Large Buyer
Of II. s. Textiles

The United Kingdom is the
largest European market and the
third largest among all countries
for American textiles, exclusive
of raw cotton, it was announced
by the Department of Commerce
yesterday. In 1880 the United
Kingdom purchased $12,989, 900 of
these commodities from the United
States.
Cuba and Canada are the only
nations huying more.
The Washington times., 1931-07-10
P. o. BUYS AUTOCARS

The Postoffice Department has
awarded an order for 50 heavy
duty mail trucks to the Autocar
Company of Ardmore, Pa. Eight,
cen of the trucks will be assigned
to the New York city postoffice
and % to Brooklyn. The order
calls for immediate delivery,
The Washington times., 1931-07-10
CHILDS EARNS DIVIDEND

Childs Company closed the first
six months of the year with earn,
ings equivalent. after preferred
dividends, to approximately its
semi-annual dividend requirements
of $1.20 a share on 362,379 shares
of common. For the six months
ended June 80, 1880, net profit
was 1923, or $1.36 a share on
the common.
The Washington times., 1931-07-10
Machinery Exports
ShOW Gain in MdY

Exports of industrial machinery
during May were valued at $l2,-
494 1000, against $22,724,000 in
May, 1880, and $12,O68,O00 in April
this year, according to the De
partment of Commerce.
The Washington times., 1931-07-10

CaNada
New York funds in Montreal Q11im
premium at $1,000.
Montreal funds in New York, IGS4H
discount at $1,000,
The Washington times., 1931-07-10

Public Utility Bonds ---
Amer Tel G. Tel 4l2s '39. I13O .....
Am Tel & Tel C'tl rr SIS. 1O7 Z -..'.
Anacostia & Pot r r 6s... ~ ...,.
Ana & Pot Guar 5s...... 95 .....
C & P Tel OF Va 5s...... 1O4 n
Cap Traction 5s...... SO 50
City & Suburban 5s......I Il 49,.
Georgetown Gas LIST 5s....l l04 il05 "A
Potomac Elec Cons 5s......lO4A 100
Potomac Elec 6s SO 3....... Ito .....
Wash Alex & Mt ctf.. .....
Washington Gas 4hs..... 1OOh llOl
Washing ION Gas hA........,,I1O6 I.....
Wash Gas es series A....... los d..
Wash Gas rs series R..... los p llnI =
Wash Ry & Elec ds......I 91Hst ~
Miscellaneous Bonds
Earber g. Ross Inc 6las.. 81 So
Chevy Chase club 5l9s.. 100 -.
Col Country Club 5hs.. 1OO% 10"
The Washington times., 1931-07-10
WASHINGTON STOCK EXCHANGE
SALES

SALES
Peoples Drug preferred, 100
1Ol, l0@101, 10@10l, 100 I0l,
1@101.
AFTER CALL
Potomac Electric consolidated
IS, 1896, $1,000 1047s.
Washington Railway and Elec-
trio As, 1851, $1,000@91s, $1,0000
9112, $5,000@9112.
Washington Gas IS, 1886, B,
$1,000@107.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
"D|GN|F|ED HOBO"
MAY Be EX-JUDGE
Jurist Missing Ia Years Be-
Iieved to Be Man Who
Died in Chicago.
ny the Associated Press.

By the Associated Press
CHICAGO, February 18,-.-Fourteen
years ago Robert w. Scott, brilliant
lawyer and former Judge disappeared
from his home in Albany, N. Y.
Last night the body of dignified
hobo lay on a slab at the county
morgue, and Chicago police believed
they had found Robert w. Scott, a
nomad all these years.
He had entered the county hospital
two weeks gao, i'll and ragged, but with
a dignity and courtesy that caused at
tendantS to wonder about him.
Sunday night he died, following an
operation for pneumonia. His only
friend, John B. King. service manager
of the National Lumberman's ASsocla-
ton, told police he had known the man
only as John j. Williams. He said, how
ever. that Williams" before going TO
the hospital had asked him to notify
William Ashley. jr., of New York If
anything happened"
Ashley was notified. He telephoned
to Albany police and said:
It think if you inquire at Chicago
after the body of John j. Williams you
will find the remains of Robert w
Scott" Chief of Police Smurl at Albany
wired here and asked that the descfip-
ton of the missing eX-judge be checked
with that of Williams.
Sergt. Joseph Starshak of the missing
persons division visited the morgue and
compared the description Of the two
men.
Williams description is identical
with that of Scott" he said
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

United States Chamber Of Commerce
Building.
The plan would call for addition to
the board of 81 new members The body
at present is composed of two members
for each of the 81 chest organizations
and one member representing the con-
tributors to each organization.
Because of the magnificent response
of the Government departments to the
appeal of the Community Chest this
year" declared Elwood Street, director,
land the enthusiastic interest shown in
the campaign by their representatives.
we feel that this large portion of our
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

serious injuries to IS persons and
slighter hurts to dozens.
Firemen, who soon arrived. opened
emergency exits and hacked other OPEN
ings.
The theater, which combines a play
house and motion picture house. was
dark when the ceiling suddenly tumbled
down on the startled men, women and
children during the showing of a film
In minute the crowd was rushing to-
ward the exits.
Ambulances carried the seriously in
jured to hospitals. Others returned to
their homes after being treated for cuts
and bruises and other small injuries.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

citizenship should have representation
upon the governing body of the chest.
We are proposing therefore that the
board authorize an increase of one
sixth in its membership in order that
this number of Government represent
atives can be AIDED"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

Elizabeth Rankin was arrested re-
Gently at Donaghy, Ireland because her
two daughters did not attend school
200 yards from their home, one girl
not having been inside school house
for six years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
MARDI GRAS CLOSES
WITH REVELER DEAD
y. S. S. Wyoming Marine Dies
From Stab Wound and Assail-
ant Escapes.

BY the Associated Press.
NEW ORLEANS, February 18-The
chimes of the old st. Louis Cathedral,
one of the most historic churches on
the American continent, brought an
other Mardi GraS to a close at mid
night this morning and at the same
moment ushered in Lent's 40 days Of
atonement
AS the pealing bells hushed the din
Of dance and masquerade. King Rex
retired from the throne of fantasy to
become again Edward E. Soule. a
business man, and the unidentified
King Zulu, Negro carnival ruler, re-
turned to the workaday world.
The concluding event on the Mardi
Gras program was the Ball of Comus,
God of Laughter, at which Miss Adele
Jahncke, daughter of Ernest Lee
Jahncke, Assistant Secretary of the
Navy, was queen.
Corpl. j. A. Mcdonald "a. of Boston
Mass, Marine assigned to the battle
ship Wyoming. was stabbed fatally by
an unidentified Negro last night. A
fellow Marine told police the Negro at
tackled Mcdonald when reprimanded
for humping into him on a sidewalk.
The Negro escaped.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

Of the 44s,0o0 900 people in China
only about 5000 have sufficient income
for them to afford ownership of an
automobile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
u. S. WORKERS WILL GET
PLACE ON CHEST BOARD
Government Workers Would Be
Represented in Trustees Group
Because of Large Gifts.

Government workers would be grant
ed representation on the board of trus-
tees of the Community Chest under a
proposal to be advanced late today at
a meeting of the organization in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
women's City Club, 73e jackson place,
tomorrow, pm.

Dinner, Acacia Chapter, No. %. o. E.
S., Northeast Masonic Temple, Eighth
and F streets northeast, tomorrow, 5
pm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
CITY NEWS IN BRIEF.

TODAY.
Meeting, Washington Lodge, No. 15,-
b. P. Q. Elks, Elks' Hall, 9l9 H street,
pm.
Supper, Western Presbyterian Church,
n street between Nineteenth and Twen-
tieth streets, to Z pm.
Dance, Golden Rule Council. No. 10.
Daughters of America, New Amsterdam
Hotel, 8 pm.
Meeting. North Beach Park Citizens
Association, 1903 Harvard street, 8 pm
FUTURE.
Luncheon. Institutions Committee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18

Luncheon, Kiwanis Club, Washington
Hotel, tomorrow, 1890 pm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-18
ROME THEATER ROOF
FALLS AND HURTS 13
Scores Sustain Slight Injuries II
Stampede to Reach Exits
at Once,

BY the Associated Press.
ROME, February 18.-The crash Of
the ceiling of the Morgana Theater here
and the stampede of the holiday crowd
from the darkened building during the
showing of a picture yesterday led to
The Daily Alaska empire., 1931-05-11
HOSPITAL DAY.

There is institution in any community of more vital importance to the public than good hospital; an obvious fact but one we are prone to overlook AS a topic of conversation health is popu- lar enough but it usually engages sincere at tention only when we realize the danger of losing it. So, too, we accept hospitals with more or less indifference until emergency forces us friends into them.
 Hospitals have become necessary part of modern life to such extent that scarcely a community of thousand souls but boasts insti- tutions devoted to the of it's i'll and injured. We exhibit these to visitors in pride, then promptly forget them until disaster overtakes and we seek refuge within their hospitable walls; re- sentful perhaps, an enforced guest and appre- hensve of our strange surroundings.
 Hospitals do exempllfy to the fullest extent what the derivation of the word implies hospitality, which is nowhere in evidence. Everyone $ welcome, at least is made to feel welcome in cir cumstances such as to make welcome elsewhere qes- tionable. From the unmanagable infant to the abandoned old age, with all the intervening afflic- tions of the body and vacations of the spirit to which human flesh is heir, the hospital throws wide it's doors and bids us enter with a smile of welcome and promise of relief if such be possible No illness is too desperate to be greeted hopefully; injury too severe for the mnisrations of skilled hands eager to repair the mischief; no mind too warped by the stress of life to be offered the fort of sympathy and the support of understand ing. And this is not measured in dollars and cents. Regardless of what may pay for such services, every hospital is and must be charity Material wants may be purchased, personnel is to be hired but the intangibes,-a necessary part of every hospital which the ill and injured require almost above all else-are given freely and cannot be bought.
 As we sometimes fail to appreciate the value of our hospitals so, too, the hospital sometimes fails to sense the importance of closer relationship with the public. We should be told something about the indispensable service offers "A hours eevry day. our minds should be disabused of the mystery and dread which have shoruded 1t through generations of ignorance. We should be treasured of its bene- ficence We should know of the happiness 1t dispenses. of the lives it saves of the health t restores of it's triumphs great odds of its last stand against defeat when all other resources have failed And this is the purpose of Hospital Day, that we may learn at it's first hand by visiting .t with minds uncouded by disease, fear anxiety pain and despair, what it has to offer us n times of trouble.
The Daily Alaska empire., 1931-05-11
Copper Refining Becomes More of an
 International Art.
Engineering and Mining Journal)

Although the first successful plant for the cleo trolytc refining of copper was built and operated in England in 1869, by the turn of the century
 the United States had become the leader in that particular field of metalurgy. The reasons for this leadership are immediately apparent The United
 States not only the largest producer of primary metal, but is also constituted the greatest market
 for of copper of exceptional purity It's tech nicans recognizing the advantages of the free inter-
 change of their knowledge, did not hesitate to
 publish the results of research well as of operat- ing experience.
 Within the last ten years the United States has not maintained it's proportion of total world mine output of copper, though the volume of it's production has, the whole increased. New prop critics in other countries have taken an increasingly large share of the copper market. But the United States had until recently, maintained it's position in the refining business Even that position is now threatened The American Bureau of Metal Sta tistics has released figures which show that in 1930 the United States contributed only 68 per cent. of the worlds electroyticaly refined copper compared with 75 per cent. in the previous year No matter what turn the copper market may take, this percentage will probably continue to decrease Canada, Chile Belgium, Australia, and other pri- mary producers desrous of refining their own output Northern Rhodesian blister will probably be refined in England when production reaches szable proportions
 The trend is that cannot be stopped Man is creature quick to initiate the world over Sue cess In any Held breeds the desire for duplication. If the United States-through eectroytic copper refineries automobile factories moving picture stu dios and countless other productive facilities-has led the way in improvement of standards of living, it must be prepared to see other countries adopt its technique, it's own technicians To some observers, such tendencies indicate com petition recent editorial in The New Republic on the subject of copper suggests that an interna- tona struggle for the market is imminent That is a possible interpretation but another is the interpretation which Engineering and Mining Jour nal prefers Even as water seeks its own level so do the laws of commerce. They are hampered and rstrained in many places by tariffs and subsidies but in the end copper will be refined, automobiles will be built, moving pictures will be made where the combination of and market is most economic. The combination still holds in the United States. Its reserves of copper are large it's con- sumption of the metal is the greatest in the world Those factors are sufficient assurance that the countrys refineries will still play large part in the copper industry.