davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
INSURANCE COVERS
100000 U. S. WORKERS
Less Than 0ne-Fourth Of / Per
Cent Of All Employees Share in
Various Plans.
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, January 31.-Unem-
pIoyment insurance plans at present in
operation in the United States cover
10T 900 persons, or less than one-fourth
of per cent Of all workers in business
and industry, System points out in its
current issue. Presenting an analysis
Of q study made by the Industrial Re-
lations CounSelors, with the co-opera-
ton of the Rockefeller Foundation, the
publication quotes the fact that unem-
ployment insurance plans now operative
IN the United States are of three CLASH
hcations-thoSe carried on by unions,
those operated under joint agreement
between unions and companies and
those operated by companies alone.
Union plans for unemployment bene-
Ats were developed first. As early as
1881 local union Of printers provided
% week for its unemployed single
members and 81 for its married men,
bers for the time they were out Of en-
ployment. Local union plans have been
organized as occasion required and
then abandoned. Today there are
probably IS plans operated by local
unions, with a membership OF about
$4,000.
In 1880 only four international or ma
tionel unions were paying cash benefits
entirely from their own resources.
Seven others have operated plans, but
have abandoned them. The four still
paying benefits have 1923 members.
Both local and international unions
create their funds from dues and as
easements and pay benefits that range
from SO to $40 each week.
Joint employer-union schemes have
been set up to the number of 24-6 In
the garment industries, 10 in the head
gear industries, in lacemaking, in
the cleaning and dyeing business and
In the wallpaper industry, the study
revealed. Two have been abandoned
both in the ladies' garment industry in
New York. The oldest Is the agreement
in the wallpaper industry, which wa
established In 1894. The % plans in
operation Il is temporarily suspended)
cover about So, 500 workers. Usually
the promoters of these plans have beer
the unions and the benefits have beer
about as In the union plans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
BOND PRICES MOVE
IN NARROW RANGE
U. S. Group Still Under Pres.
sure Caused by Bonus
Agitation.
BY F. H. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, January 31.-Today's
bond market was a selective affair.
United States Government bonds were
still under pressure, though the volume
OF offerings and the width of the price
declines were both less than on Friday.
Prime corporation bonds declined
fractionally with Governments. On
the other hand, any high grade issues
carrying a near maturity date, or a
near call date, together with all prime
short-term paper were boosted to new
highs for the movement.
This was a direct result of the Treas
urys sale of $50 1000, 900 of 9O-day dis
count bills at an annual yield basis OF
20 per cent. This is the highest price
ever received for any United States
Government obligation. It compares
with the previous bill offering in No
Vemoer OF It's per cent annual Weld.
The sharp increase in the face OF
heavy selling of Government long,
term bonds was attributed to the fact
that such Short-term accommodation
has gone to record premium owing to
the necessity of keeping surplus funds
employed until the current uncertainty
IN regard to long-term Governments is
cleared away.
4AHe money raCeS were UNCHANGED
put the presence of a tremendous over
supply of loanable funds, following the
300 per cent oversubscription of the
treasury issue, indicated the possibility
OF decrease in the near future.
The sharp line drawn between near
and distant maturities was illustrated in
the general list. Baltimore g. Ohio Is,
which have II years to run; Canadian
Pacific As, which are perpetual; Ameri-
can Telephone IS, which mature in 1850
and 1865; Columbia Gas & Electric SIS,
maturing in 1852, and Standard OIL of
New Jersey SIS, maturing in Is years.
were all lower by Il to over q point.
Near maturities, or bonds with close
call dates, even when of a Junior variety
such as New York Telephone Az OF
1889. International Telephone AIS OF
1889, New York Dock SIS of 1888. Penn
Dixie Cement 6s of 1941, Texas Corpo-
ration SIS of 1914 and some of the
shorter dated foreign dollar bonds, were
firm to fractionally higher
Semi-Speculative issues moved IT.
regularly. Pathe' Is ran up another
5 points, and stand now "a points above
their low. This move was generated
by announcement that Radio-Keith-
Orpheum had consummated a deal to
take over Pathe. Richfleld Oil 6s were
off point on general weakness of oil
securities. Goodrich bonds were weak
following announcement of the COM
pany's poorest year since 1921.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
BETTER COMMODITY
PRICES FORECAST
Statistics Company Believes Re.
sumption of Consumer Buying
Will Occur Soon.
Special Dispatch to The Star.


NEW YORK, January 3l.-On the
whole, there appears to be increasing
basis for the belief that a degree of
strength will be registered in general
commodity prices during early future
months, says the Standard Statistics
Co. OF New York, in current analysis,
parts of which follow:
1.-THE early date for Easter should
shortly make its influence felt in both
intermediate and consumer buying, al
though aggregate sales volumes will
probably compare unfavorably with like
periods for number of years. How
ever, the increasing disparity between
wholesale prices and those at retail, lack
of final readjustments between supply
and demand of basic materials and leg
islative barriers to international free
play of trade give us no grounds as yet
Tor changing our previously expressed
opinion that under normal conditions,
the long-term trend of prices is down.
ward.
Increasing evidence that the whole
sale price structure is approaching mo-
mentary period Of sterilization Is appar-
emily confirmed by careful analysis of
It's leading individual components.
"AA1C dCSAihcS nave continued 10 pre-
dominate during the past few weeks,
they have been decidedly less moment
Gus and tend more to reflect readjust-
mentS to immediate market influences
than to the basic governing statistical
positions. For about a month prices.
according to reliable weekly indexes,
have roughly described horizontal line
some or s per cent below tine apparent
stabilization level of last Summer and
early Fall
The significant point, however, is
that the hesitancy then registered IN
the average price level bore little re-
semblance in its fundamental aspects 70
the price performance of the present
time: In the earlier period, which was
heralded in many quarters as a signal
OF reversal in trend, price strength in
farm and food products resulting from
drought scares overshadowed persistent
weakness in almost every other division
OF the list. In the present instance
average price stability is the product of
relatively insignificant changes in either
direction"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
BUSINESS UPTURN
is REPORTED SLOW
Absence Of Swift Rebound Seen
as Good Sign in Trade
Situation.


NEW YORK, January 31.-Improve-
ment in American trade is painfully
slow. This is disappointing to those
looking for miracles, without under
standing how they are produced, but in
the longer view the absence this year
OF swift rebound from the December
bottom is encouraging in a left-handed
way, says the Business Week in its re-
port covering the week ending today.
The business index for the week end
ed January "a dropped slightly to 1913
per cent, but still moves on a level a
few points above December. This COM
pares with 80 per cent in the preceding
week and 95.7 per cent in the CORE
spending week last year. The rise in
steel activity is slowing down, but mer-
chandiSe carloadings suggest increasing
movement Of finished goods to depleted
inventories Building contracts and
Their decline. Only money turnover, as
reflected in bank debts and currency in
circulation, has dropped bit, and the
latter has its favorable side, indicating
greater public confidence in the banks.
More rapid improvement under exist
ing conditions would be phoney. Moth
ing that could be done to hasten 1t has
been done or is being done anywhere
The deflationists are now dominant in
every aspect of public and private pol
icy. Federal Reserve credit is being
steadily contracted; the cost of long
term capital remains high; the bond
market Is still highly uncertain; I'M
economic gold movements continue; the
liquidation process goes on; commodity
prices still drift downward. Under such
conditions improvement depends solely
upon increase of consumer replacement
demand and is bound to be slow, be-
cause it is largely up to the stork-a
slow bird.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
WEEKLY BANK CLEARINGs.

Bank clearings this week, at leading
cities In the United States, as Reported
70 Dun's Review, amount to $7450
025,OOO and are 21.7 per cent below
those OF last year. At New York CITY.
clearngs of $5,135, SOC, 900 are at Der
the aggregate at centers outside Of New
York OF $2,314, $4,000 is 2I.9 per cent
smaller. Payments through the banks.
measured by clearingS, continue at
about the same low level in January as
in December. Losses are still unite
heavy at practically all of the cities
reporting. Bank clearings for Janu-
airy to date, instead of showing the
customary increase over those Of the
past four months, are now actually
below the amount reported for each
month since August last, the latter.
as usual. being at the low point of the
last year.
Clearings for the week, as reported to
r. @. Dun & Co., and average daily
bank clearings, for the past three
months, are compared herewith:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
CHICAGO LIVE STOCK MARKET

CHICAGO, January 81 up Omitted
States Department of Agricultural -
Cattle, 200 head; compared week ago,
fed steers steady to IS higher; mostly
undertone weak due to continued
siuggishness in dressed beef; short feds
of value to sell at 8.25a10.75 pre-
dominated; practical top yearlings
around 1925; extreme top, 1880; best
heavieS, 11.85: medium weights, 1900:
stockers and feeders, very dull; heavy
feeders, rs or more lower; light kinds,
weak, mostly, IT'S downward, although
choice offerings sold up to 8.85; she
stock very draggy; but fat cows closing
strong to a shade higher than week ago:
cutters fully steady, but all except
medium light heifers IS or lower; ex-
IRENE top on heifers in load lots $50;
bulls about steady and vealers 50a1 90
lower.
Sheep-Receipts, 5000 head includ-
ing 1000 head direct; today'S market
nominal; for week, AZ doubles from feed
ing station; 14,500 head direct; COM
pared week ago fat lambs steady to
mostly IS lower; in-between grades of
more In instances; yearlings sharing
decline; fat ewes steady; feeding lambs,
$3.50 higher; weeks fat lamb top
reached $50; highest since September;
closing bulk good and choice lambs
averaging "a pounds down, 900a9. IS;
best, 940; similar grade, 95-98-pound
averages, 8.50a9.75; native bucks, lisa
8.35; throw-outs, 6.00a7.25; fat ewes,
400a5 90; weeks bulk fed yearlings,
6.50a80 90; feeding and shearing lambs,
8.OOa850.
Hogs, $4,000; including 10000 direct;
steady to 10 higher than Fridays aver
age; top, $40; bulk, 130-220 pounds,
7.75aS.00; 230-320 pounds, 7.00a7.60;
pigs scarce; packing sows, 6.10a6.35
compared week ago mostly 1925 lower
shippers took 1,500; estimated holdovers
1000; light lights, good and choice
l4o-160 pounds, 7.90a8.10; light weights
10000 pounds. 7.85a810; medium
weights, 200-250 pounds, 7.30a8 90;
heavy weights, 250-35O pounds, 690s
TAO; packing sows. medium and good
275-5O0 pounds, 6.00a6.50; pigs, gooc
and choice, l00-130 pounds, 7.35a8.l0
4 net -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
Baltimore Markets

Special Dispatch to The Star
BALTIMORE, Md, January 81
Poultry, alive-Turkeys, 35a40; old, %
a30; chickens, springers, 25a33; Leg
horns, 18a20; old hens, 16a21; Leg
horns, 15a16; ROSTERS, 13a14 ducks,
15a25; guinea fowls, each, 30a60; pig
cons, pair, 15a20.
Eggs-Receipts, ATT cases; nearby
firsts. 81; Southern f1rsts, 20; current
receipts, 20.
Butter-Good to fancy creamery,
pound, 2Sa3l; ladies, 19a21; rolls, 16a
ID; process, 25a26; store packed, 13al4.
Vegetable Prices.
Potatoes, white. 100 pounds, 125a2 90 :
sweet potatoes, barrel, 2.00a4.00; yams,
barrel, 2.25a3.25; beetS, crate, 2.25a2 rs ;
cabbage, 16.00a2o.00; carrots, 2.50a3 90;
caulihower, crate, 1.50a2.00; celery. $50
a3.50; eggplants, 1.75a3.00 kale, 60a90;
lettuce, hamper, 1.25a3.00; peppers,
crate. 1.50a325; parsnips, 80a1 20; spin
ach bushel, 50a1 10; crate, 50a3.25; tur-
nips, bushel, 65a1 20; apples, bushel, go
a200; box, 1.25a2.25; grapefruit, 1.50a
PTS; oranges, box, 2.00a325; tangerines,
box, 75a1.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
GRACE SEES INCREASE
IN SALES OF STEEL
BY the Associated Press.


NEW YORK, January 3l.-Although
the Bethlehem Steel Corporation has
reported fourth quartet net earnings Of
only II cents common share, directors
felt the prospect of improvement during
the current year was sufficiently bright
to justify payment of the regular quar-
terly dividend of $3.50 a share mostly
from surplus.
Il feel that we are going to have grad
ually improving conditions throughout
the year." said Eugene G. Grace, presi-
dent. We are not going to have as
good flrst half as last year; we can't
expect to come up that fast"
Mr.. Grace said it was reasonable to
expect that earnings for the current
quarter would be appreciably better
than those of the preceding quarter
The recently achieved stability of prices
Tor steel products had been helpful, he
said, and some impetus had been pro-
vided by the seasonal pickup in BUSH
ness. The company's plants, he ex-
planned, are currently working at 46
per cent Of capacity, against a minimum
OF 80 per cent reached in December.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
EXPORT COPPER REDUCED.

NEW YORK, January 81 (R.-The
price of export copper was reduced one
quarter of cent a pound TODAY to IA. O5
cents pound. C. /. +. European base
The reduction followed a similar cut
In the domestic price of the metal YES
terday and brings the foreign price on
a parity with the domestic quotation
OF ga cents a pound.
Inc former export price was 10 IN
cents Tor first-quarter delivery and I035
cents for April. NO'"0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
GENERAL MOTORS PROFIT
FOR YEAR ESTIMATED
Special Dispatch to The Star.

WVCCIUI DI8pHNLIE 90 7 WIT
NEW YORK, January 31-Earnings
Of the General Motors Corporation last
year, given in the report of the du Pont
Co., are approximately those previously
reported in Wall Street They indicate
that the corporation in 1880 earned
from operations slightly less than the 50
q share now being paid on the common
stock, but that 10 cents q share was
realized from homecoming profits"
The loss Of income to the du Pont Co.
Is about $4,000 900, resulting from the
suspension Of the extra dividend which
General Motors paid to its sharehold-
ers during the period of high earnings.
The report Of General Motors viii not
= be published for some weeks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
Cities Service Co.

NEW YORK, January 81 (H1.-It was
reported in Wall Street yesterday that
Cities Service Co. has acquired virtual
and probably will have little difficulty in
obtaining the necessary balance of COM
mon stock TO make up substantial
majority by February IS, the date Of
expiration Of its exchange offer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
Washington Stock Exchange
SALES.

Washington Gas $500 at 104.
Capital Traction Co.'S at 40R, 10 at
401s, 10 at 40, 10 at 401s, at 401s,
10 at 40.
Washington Rwy. g. Elec. pfd.-1 at
991a, 40 at 981z.
Mergenthaler Linotype-1O at 881z.
Real Estate Mtge. & Guar pfd.-300
at 6l2.
AFTER CALL.
Washington Rwy. & Elec. 4s-$2, 900
at SO.
American Sec. & Trust CO. at 345.
Washington Gas Light-50 at 1891.
Washington Rwy. & Elec. pfd.-3 at
9812.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31

The Scullin Steel Co. of st. Louis
has announced plans % begin con-
struction of steel material for houses
In the Fall of 1881. Col. Harry Scullin,
president, says the constructors of steel
houses Will save about half the time
taken to hAEld other types d homes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31

BONDS. '.''
Bid. Asked
Army-Navy Club 5s...... 90 "
Cosmos Club 4I2s............... "a $50.
Commercial Club 1st 5s....,.., IS ....,
Mayhower Hotel 6s............. So IS
Metropolitan Club 4I5s.. 90 49,,
National Press Bldg. LIST 5I2s... SO a
STOCKS.
Anacostia Bank. ass go,
Chaplin Sacks go pfd..,.,..,, los ITO
Connecticut Pie Co........,,.,. 14O 49,,
Chr. Heurich Brewery. ........ IS 49,.
District Title Insurance Co... 10 49,.
Franklin National Bank. .....,. $50 49,.
Munsey Trust Co............... 125 $50
North Capitol Savings Bank. z IL
Northeast Savings Bank........ 20 ....
Park Savings Bank. 90 n
Raleigh Hotel Co..........,,,,. 40 IS
Washington Savings Bank. 1914 ~
WASHINGTON Title ms co... -.
Washington Base Ball Club. 90 90
Woodridge-LangdonS Saw. Bank.s 20 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
RIGHTS-EXPIRE.

2h Pac Gas & Ell Mar IL IS 2h 2A 2M IN
Dividend annual cash
Unit trading
mo Ieguiar PAYABLE earned
Payable in Plus in So Ia
stock Plus ~ in stock Plus 81 in preferred stock Plus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
PUBLIC UTILITY.

Bfe Asked
amer. lei. 81 Telga. 412S So. 1Ol
Amer. Tel. g. Telga. Alas SO. e. 1913 .....
Am. Tel. g. Tel. ctl tr. 5s..... 106 .....
Anacostia g. Pot. r. r. ST.. 81 $50.
Ana. & Pot. guar. 5s.......... 95 80
c. g. P. Tel. of Va SIS. ........ 1922 l04
Capital Traction r. r. $751;. 06l2 SO
City e. Suburban 5s............ 80 81
GEORGETOWN Gas LIST 5s......... 103 los
Potomac Elec. cons. So ....... 1903 103E
Potomac Elec. IS 1853. ........ 108 log
Wash, Alex & Mt. Vernon eff. 2 80.
Wash, BALTIC g. Annap. ST.. 10 IS
Washington Gas 41zs. ......... 90 99A
Washington Gas 5s............ 104 49,.
Wash. Gas IS. series A........ l02 1929
Wash. Gas IS. series B. ....... los 80.
Wash. Rwy. & EIec. 4s........ STA 8sh
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31

Last year more American leather was
used IN Belgium than in 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
NEW YORK BANK STOCKS
BANKS.

NEW YORK, January 81 OP.-Over-
the-counter market:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
MISCELLANEOUS.


(These securities not listed under exchange
ruleS)
RONnE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
DEPT.
Bid and Asked Prices.
RONDS.

National Press Bldg. 5lks-$1 900 at 10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-31
NEW YORK STOCK EXCHANGE
by Private Dhect Star

ate Wire Direct to The Star once.
The Washington times., 1931-09-07
GASOLINE PRICE.
Up ONE CENT

The first reflection of the en-
barge on oil production in Okla.
homa and Texas was seen in
Washington Saturday when the
price of gasoline at filling stations
operated by the leading oil com
panies, advanced one cent a gal.
: lon.
Straight gasoline which has re.
tailed at IL and go cents a gal
lon now sells at 13 and $40 cents.
High test grades are correspond
ingly higher.
It was announced by officials
of one of the leading companies
that the increase goes all the way
to the source of productio@ and
this was confirmed locally by the
statement that dealers are paying
the Nvance on their wholesale
prices.
While the report could not be
verified, it was rumored anohter
one-cent increase would go into
effect within q short while.
The Washington times., 1931-09-07
v A GE SLASHES
ASSA|LED BY
SEN. DAVIS
Price Wars and Destruction
Of Crops Attacked; Rain
HaIts Cathedral Address

A sudden downpour yesterday
interrupted the address Of Senator
James J. Davis at the Cathedral
Close in the midst Of a denuncia-
ton Of wage-cutting and price
slaShing which, he said, event
ually win make us a nation Of
serfs ruled by Communistic dicta-
tors.
A nationwide hookup over the
Columbia Broadcasting System
network carried the address to
radio listeners and continued un-
til the heavy rain Short-circuited
the microphone.
Crop Destruction Scored
From the famous open pulpit
Of the Washington Cathedral Sen
ator Davis declared that cut-throat
prices and drastic wage cuts en-
danger the economic system of
the country and must be checked
through the medium Of sound re-
adjustment.
Destruction of a portion of the
excess crops OF the South and
West was likewise scored by the
former Secretary Of Labor. He
said:
1--WE find men, women and
children who are hungry; we
find poverty stalking the cOun.
try. And, in the face Of this,
it is seriously proposed to rem
edy these conditions by de-
stroying One-third Of the prod
ucts Of our farms"
Stockholders Woes Cited
Capital was not given the IN
tire blame for the present situ-
alton in Senator Davis address,
for he cited figures showing the
stockholders as well as wage earn
ers had suffered from retrench-
ment policies.
The Washington times., 1931-09-07
Slash of Two Billion
Urged on Government

"A cut of $4,000, 100000 in Fed
eral Government expenditures was
advocated yesterday by Represen,
tative James M. Beck (R.) of
Pennsylvania.
' Such economy should be the
chief objective of the next Con-
gress, Mr.. Beck said, adding that
he would be opposed to tax in
creaSeS.
Mr.. Beck said, however, that
he would advocate the return of
light wines and beer, accom-
panied by heavy excise taxes.
Mr.. Beck opposed the recent pro-
posal Of Chairman Will r. Wood,
of the House Appropriations
Committee, for severe economies
in naval and military establish
ments, saying he believed "some
recently created departments"
should be the chief sufferers.
The Washington times., 1931-09-07
FOUR ST|CK-UPS
IN SINGLE DAY
REPORTED
Two of Victims Are Hackers,
2 One a Visitor and Other a
Resident of ! Street N. w.

Four armed robberies were
committed in various sections Of
the city last night.
Bruce B. Hatfield, a taxi driver,
Of lis r st. N. E., lost $13 and
his taxicab to three armed white
men at Nichols Avenue and Maya
zne Road Southeast.
Robbed BY His Fares
The hacker told officials that
he had picked up the men al
Eighth Street and New York
Avenue Northwest, and had driven
them to the Naval Research Lab
Oratory in AnacOstia. It was on
the return trip that the men
stuck him up.
Another taxi driver, Neal H
williams, %, who lives at the
Navy Yard, was robbed of $3.50 at
Stevens Road and Siegel Street
Southeast by two colored men
The men, both armed, fled across
vacant lots after the robbery.
James M. Farmer, Of Nashville,
Tenn, who was sleeping in a park
at Missouri Avenue and Four-and-
a-Haf Street Northwest early yes
terday, was robbed Of $50 at the
point Of a pistol by light-skinned
colored man.
Two Suspects Arrested
Two suspects were arrested last
night in Lafayette Park by park
policemen q few minutes after
Francis F. Cole, 722 F ST.. N. E.,
had been held up and robbed Of a
small amount Of money and a
Veterans Bureau check by three
men while walking on Constitu-
ton Avenue, in Potomac Park.
Those arrested are Roy s. Byrd,
"a, of Roanoke. Va, and Horace
G.. Walker. %. who told police he
lived on I Street Northwest. Both
are charged with investigation.