davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
CURB ISSUES MOVE
AT LOWER LEVELS
Rally After Opening Induces
r Further Profit aking
Sales.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, June Ga moderate
rally followed weak opening on the
Curb Exchange today but 1t was erased
quickly and the list started the second
hour at lowered levels, with trading
light.
Electric Bond & Share was down al
most a point from its previous close
though only fractionally below It's In
itial sale today. cities Service also was
fractionally lower, as were Standard OIL
of Indiana, Niagara Hudson Power ana
other pivotal leaders.
Commonwealth Edison featured the
higher-priced public utilities by break
ing points at the start to record low
level Humble Oil in the Standard
group and Gulf Oil In the miscellaneous
list, with declines of points each, were
the weakest spots in their respective
divisions.
Great Atlantic & Pacific Tea led the
higher priced food shares as 1t opened
up 3 points, back and filled and then
further advanced Parker Rustproof
among the specialities resumed its wide
swings. Aluminium Co. OF America
moved aimlesSly back and forth, regis
tering fluctuations Of 3 points at times
between trades.
In the miscellaneous machinery
shares, Cooper Bessemer hit new low
on its first sale.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Business Notes
Nv thu Associated Press.

BY the Associated Press.
NEW YORK, June 6.-Protesting
that the inclusion Of o new 2 per cent
Cuban government tax in the quota
lions Of exporters will give an entirely
wrong picture Of American prices, New
York exporters have appealed to the
Merchants Association to take steps
against the plan. The new tax Is
collectable by consuls at the port Of
shipment, and commercial bodies In
Cuba have urged upon their members
the ACCESSIBILITY Of compelling shippers
to include the assessment In C. l. I.
quotations.
The establishment of o monthly sta
tistical reporting service on the volume
of business and the elimination Of
illegal and unfair competitive practices
in the industry are included IN the
plans Of the Hat Institute for the com.
Ing year, according to an announce.
ment at the annual meeting. II was
said that In the event that imports
of foreign hats increase In volume, the
institute may make an effort to have
the tariff schedule opened for dis.
cussion.
The leading branded manufacturers
Of mems half hose will delay opening
Of Fall wool and part-wool lines
another month, trade reports indicate,
| as they do not believe stores are willing
to operate so early on these goods.
Price reductions ranging up TO about
10 per cent are looked for. and y Y
expected that possibly new low yets1
pries ranges VII b introduced u
saa ,-----.....-..-....s:l..!ls - -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
BY CHARLES F. sPEARE.
pecial Dispatch TO The Star.

Special Dispatch to The Star.
NEW YORK, June 6.-If 1t should
develop that last Tuesday was the low
point in the bear market for securities.
it could be said, when the history OF
this depression is written, that the turn
was brought about through the play on
the market Of psychological forces.
At the climax Of the break in Novem-
Der, 1929, the sudden change that
brought order cut of market chaos was
induced by the Rockefeller bid OF 80
for 1000 900 shares of Standard Oil OF
New Jersey stock, by the action Of the
New York Stock Exchange against the
short interest through its QUESTIONABLE
and by the supporting orders placed by
the banking pool. Last December the
decline of three and one-half months
terminated when it became known that
the banking situation in New York was
sound and had not been affected by the
failure CT the Bank OF United STATES
Mood Changed Suddenly.
Last Tuesday there was no concen-
trated buying Of stocks by any one in
terest, there was no banking situation
that was disturbing the minds OF IN
veStors and the effect Of the question
naire CT the previous week by the New
York Stock Exchange Committee On
Business Conduct had ABOUT worn OH
It was the mood Of Wall Street that
changed suddenly. This mood went from
che rejecting the deepest pessimism
and the greatest fright to that OF
rather sudden awakening to the fact
that the highest grade securities were
being quoted at prices that had dis
counted about everything except the
complete bankruptcy OF the country.
1t is only necessary to compare few
of the prices that prevailed early II
the week with those Of November, 1929
and December, 1890, to realize the ex-
tent to which deflation and deprecia.
ton of securities have been carried
since the day when investors all ovel
this country and in many other part;
OF the world thought American securi-
ties, at their November IS, 1929, leve
were the greatest bargains ever offered
to the man with money.
For this purpose let US take six Of the
best known and most widely distributed
stocks quoted on the big board" name
w, United States Steel common, Amer
lean Telephone g. Telegraph, Standard
Oil OF New Jersey. New York Central
Anaconda and General Motors common
Two of these stocks, New York Contra
and Anaconda. have reduced their divi-
dends during the period under review
which justifies a considerable amount
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
FURNITURE TRADE
PROSPECTS BETTER
Industry Has Weeded Out
Surplus Stocks and Sees
Increased Sales. +
BY ALVIN RESCH.
Written for the Associated Press.

CHICAGO, June 6.-The Nations
billion dollar furniture industry, ~hav-
ing Cleaned house" in the last 10
months, is ready to start the Fall and
Winter season with clean slate Of new
stock.
This week nearly $500 buyers have
come to Chicago for the Summer mar
ket at the American Furniture Mart,
where TOO manufacturers exhibit their
wares. With stocks generally extremely
low, 1t appeared that the retailers came
primarily for one purpose--to buy.
That attendance in itself was con-
sidered q favorable sign and v. L. AL
ward, president Of the Mart. which is
the worlds largest furniture market,
had this to say on the opening day:
Business is much better than the
sentiment regarding it."
The demand for furniture, he con-
tinued, has been damned up pretty
nearly as long as it can be-"
Surplus Cleared Out.
While the industrys housekeeping in
the last year and a half has been ac-
complished ut a huge loss. 1t has re-
suited in disposal of much distress
rchandise-returned because INSTALL
ment buyers couldn't pay for 1t.
Now, however, most retailers nave
cleared their stores OF surplus stocks.
making it necessary for them to start
almost from scratch In preparing Tor
the Fall season.
Since the stock market crash OF 1923
the furniture industry, which Is ire
ouently called a barometer OF general
business conditions, has experienced
relatively fewer failures among retailers
than among manufacturers.
Furniture prices now are from 70 TO
IS per cent lower than a year ago AND
fully 80 per cent under peak prices OF
1929. Recently, however, there has been
evidence in some quarters OF stinen-
ing in prices, manufacturers having re-
fused to make further reductions.
WastefuI Practices Dropped.
"A larger number Of factories have
taken stock of their methods during
the last six months" said William II.
Wilson, vice president Of the Mart.
"They have found wasteful practices
that could be corrected. antiquated Sys-
TENS to be brought up to date, old Ideas
to be strapped.
They've cleaned house and as q re-
suit are now IN better shape tnan ever
to handle their business at a pront !or
themselves and with better service 1or
their customers"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
BALTIMORE TAX RETURNS
DECLARED SATISFACTORY
sn.c,al D,spatch to The star.

Special Dispatch to The Star.
BALTIMORE. June 6.-Despite de-
preston, the collection Of taxes by the
city has not been appreciably affected,
according to John T. Donohue, city
collector.
In a report to Mayor Jackson he said
the Bureau of Receipts collected
$l5,249,31653 during the first f1ve
months. Of 1881.
1t was general net decrease Of
$607,7 20.55, compared with collections
for the first five months Of 1880, but
the records disclose the collections OF
current taxes were in excess OF those
for 1880 by 2.o3 per cent.
The funds collected SO far this year
include water rents amounting to
$l,360.139.07, arrearages amounting to
$7l4,325. so and States taxes aggregat-
ing 81, 256, 1861.
Neal Grant, deputy manager OF the
Bureau of Receipts, said:
Under an agreement with the Real
Estate Board the bureau has thus far
not made any effort to force the collec-
ton arrearages, because Of the depres-
sion, unemployment and vacant houses"
I'VE are now preparing to start q
drive for arrearages."
He said approximately $4,000 prop
critics we're In arrears for fiat.rate water
rents and that notices warning the
owners Of q plan to begin shutting on
water unless the bills are paid by July
were being sent out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
MUTUAL LIFE ELECTS
THREE NEW TRUSTEES
Special Dispatch to The star.

Special Dispatch TO Inc star.
NEW YORK, June 6-Three new
trustees have been elected members OF
the board of the Mutual Life Insurance
Co. of New York, to I'LL vacancies, John
King Ottley, president, First National
Bank Of Atlanta, Ga; Charles Proc
tor Cooper, vice president, American
Telephone 81 Telegraph Co., ana 3:
Sloan Colt, vice president, Bankers
Trust Co. Of New York.
Mr.. Ottley, an alumnus OF Southwest.
ern Presbyterian University OF ClarkS-
vile, Tenn, organized the Fourth Ma
tional Bank Of Atlanta, serving as Its
president from 1919 until its merger
with the First National when he became
president of the combined institution.
He is q member Of the Federal Reserve
Advisory Board and o director OF Cen
trail Of Georgia Railway and Of South
ern Bell Telephone & Telegraph Co.
Mr.. Cooper after graduating from
Ohio State University with the degrees
M. e. and E. e. served in various ca
pacities the sfiliated companies OF the
Bell System, becoming president OF the
Ohio Bell Telephone Co.
Mr.. Colt, q graduate Of Yale with the
class Of 1914, was q vice president OF
the Farmers Loan IL Trust Co., 1928.
1929, subsequently serving as q vice
president Of the National City Bank OF
New York prior to joining the Bank
0gB' Trust Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Commodity Price
Trends of Week
BY H. n. McGILL.


AUBURNDALE, Mass, June 6 (P.-
The general index OF all commodity
prices showing the trend for the past
week has taken decided drop. Re-
viewing the price changes in the IA
individual groups, we find that IL de-
clined, one remained the same and two
recorded upturns. The only groups to
show decreases were hides and leather
and vegetable oils. In spite of greatly
curtailed production of raw materials
in most lines for some months. bust
ness activity has not been SUFFICIENT to
reduce the relatively heavy inventories.
With Summer at hand when there is
normally some slowing up OF business,
these inventories look particularly
heavy. After all, ultimate consumer
demand is the controlling factor in
business activity, and unemployment,
reduced wages, or perhaps only the
psychological fear OF these things has
led to q serious curtailment in pur-
chases. The effects Of this curtailment
are felt by the retail and wholesale
outlets who naturally restrict their
purchases to hand-to. mouth require
ments and thus finally reach the pro-
Queer with resulting inventory accum-
ulations. It seems as though this
psychological effect is more than a
mere notion at the present time, as
the present low rate of business activ-
ity cannot possibly represent the true
purchasing power Of this country. This
Is borne out by the fact that the
amount of money in savings accounts
has recently been on the increase.
All Commodities.
Noting specific changes during the
week in the average Of all commodi-
ties, this division showed substantial
decline, rejecting weakness in all
groups with the exception Of vegetable
table oil group, the increase In the
price of cottonseed oil more than off,
set the downward trend of coccanut,
corn, linseed and China wood oil. In
the hides and leather group, cattle
hides were the instrumental factor.
The index of chemical prices remained
the same.
Industrial Prices.
Industrial prices have declined unin-
terruptedly since March 81, reflect NC
the low rate Of activity and increasing
stocks.
Agricultural Prices.
Agricultural prices were not immune
from the. drastic price recession, and
the decline was quite general in all
items. Sugar and cotton were the only
exceptions IN this group. Live stock
was one Of the weakest Of the groups,
with cattle, hogs, sheep and lambs all
showing declines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
EXCHANGE QUESTIONABLE
is RECALLED BY BOARD
BY the Associated Press.

BY the Associated Press.
NEW YORK June 5.-The New
York Stock Exchange has recalled its
QUESTIONABLE of May rs, which sought
information concerning the short posi-
lions Of its members, and has substi-
tuted modified request for similar in
formation.
The former QUESTIONABLE required
the names of customers Of exchange
members who had short positions. The
new request requires merely the short
position in each stock without the
names of the customers for whom the
short sales were made. It applies to the
short positions as of the close of BUSH
ness June and daily thereafter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Important Price Changes.
Baltimore Port Arrivals.

BALTIMORE, June Especially =
The maritime exchange reuorts arrivals
at Bait more during May of 2l9 steam
ers and one auxiliary ship. This was
10 less than arrived In April and 40 less
than in May, 1880.
The United States led with 100, fol-
loved by Norway, Great Britain, Ger
many, Sweden, Honduras, Denmark.
Japan, Holland, Danzig, Greece and
France, In the order named.
For the first five months In 1881
there were 1853 arrivals, or 1856 less
than for the same period IN 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
New York Cotton

Special Dispatch TO The Star.
NEW YORK, June 6.-Under the In.
fiuenoe of weaker outside markets and
highly favorable weather, cotton prices
broke a quarter Of a cent today and
closed at the bottom, "A TO 26 points
lower than Friday.
July sold at $50, or within points
Of the previous low record made carrier
in the week. The market was under
heavy selling pressure from the start.
Spots were reduced IS points to 8.35.
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Grain Market

BY the Associated Frcss.
CHICAGO, June 6.-Grain prices
quickly turned downward today after
an irregular start Weakness Of secur-
tiles had a bearish influence and Ca
madam drought advices were less bull
ish than many traders had expected. 1t
being asserted that should general rains
come within the next few days consid-
cradle lost ground could be recovered
by wheat. Opening % cent of to %
cent up, wheat later sagged all around.
Corn started unchanged to "a cent
higher and subsequently underwent q
general decline.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06

Dumping. a Shorthorn COW owned by
John Day of Shepton Mallet, England,
has made new English record for
milk production by giving 10000 pounds
Of milk in 354 days, her total production
Of the fluid in less than year being
equal to 20 times her weight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Textiles.

Fine textiles showed a slight decline
due to weakness in print cloths, sheet
ings, yarns, silk and wool, which were
partly offset by the firmer price of cot
ton. Burlaps and sisal were the items
showing weakness in the coarse textiles
group.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06

Printed forms Of agreement between
those partnering in purchasing shares
In sweep tickets are in demand in the
Irish Free State, where stores sell them
at IS cents each, or $l.25 q dozen.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
recorded by any State, due to flush pro-
duction in East Texas.
Non Ferrous Metals.

Anthony, copper, silver, tin and zinc
continued their weak tendency, and
quicksilver, after holding firm for sew
eral weeks, has again declined.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
building Materials.

Weakness, due mainly to slight price
recession in structural steel, was shown
by building materials.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
Fuels.

The largest decline Of any group, was
shown by fuels, due to the price decline
In crude OIL Texas recently showed
the largest daily average output ever
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06
NEW YORK CURB MARKET
Stock ana
NlotAanA Data

Note-An stocks are sold in one nundred.sna[s io~
excepting those designated BY the letter eOs) (2c0s
which shows those stocks were sold In odd lot&
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06

based on last quarterly or semi-an-
tPArtly extra. tPIus ~ IN STOCK.
Payable in stock. Adjustment
Plus 81 In stock. Plus Ii IN
K Plus 10Ss in stock. m Plus Sc In
D Paid last year-no regular rate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06

Dividend rates In dollars
nual payment. "Ex dividend.
. Payable in cash or stock.
dividend. fPlus So in stock
stock. Plus AZ in stock.
stock. n Plus as in stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-06

Vw-With warrants. xw-Without. war.
SAINTS. NEW. wt-When Issued.
The Washington times., 1931-11-26
AUTOMOBILES FOR SALE

USED CARS
Glass Installed in All Cars
NORTHEAST AUTO EXCHANGE
Corner First and H SITS N E.
Phone METROPOLITAN $3.50
REAL BUYS IN USED CARS
Justine Nicholson Motor Co., Hyatts., Md.
The Washington times., 1931-11-26
Rentals
TABLE BOARD

NEAR CAPITOL and Library, 21s B st.
S, E. twp, excellent meAla and lunch
packed So 50 week: home cooking; all
fresh veEetableA Lincoln 0931J.
The Washington times., 1931-11-26
Doovdtoovn Apareuts One to Three Room HI hmbro0emen SIS
Automobiles
STUDEBAKER

~"">~s>">~>NSH~'>~eNNSN|
STUDEBAKER 1929 President 8. 7.pass.
Sedan, fine condition in every way. The
price is right. Let US demonstrate 1t
for you.
KEMPToN.CADIL CORP.
1913 Conn. Ave. N. W. Decatur $3.50
The Washington times., 1931-11-26
Observation-Disclosures

WE BUY 3 SELL USED CARS
UNITED MOTOR CO. 30 d NE. Open ewes.
Cash FOR USED CARS Steger Motor
Co. 645 Md. Ave: n: E: Lincoln 0179
CASH for your car. Without a
doubt pay highest prices. If
car is not paid for, will pay your
undue balance, give you the differ.
ence in cash. No delay. See Mr..
Barnes, 1929 14th st. Decatur 1890.
The Washington times., 1931-11-26
Business Opportunities
DISTRICT OPERATOR


Corporation requires energetic. capable
young man in this territory; also one in
Baltimore and Richmond districts. Product
. recent invention: serviced not sold; used
by nationally known corporations and local
business establishments. Profits large by
reason of monopoly in our line. Earnings
should exceed 81 500 year REQUIRES real
ability and 81 600 to finance This is q
high class business that will stand careful
Investigation. Investment without ability
will not secure this connection. Phone MA.
tiona1 s96a for appointment.
GROCERY STORE-Doing good business:
owner ill: sacrifice. Lin. 4511.
NEUTRALITY-SUSPICIOUS. operator and m ANA.
Rer: cleaning. blocking repovatiuE: with
eotifpment: have established trade. Particu.
lars, call WEst 22S3.
SALE OR RENT-312 C N. E.; store &
residence LIST comm: 8 r. cleo. h.-w.h.;
reas terms. 1343 Shepherd N. W. AID. 1902.
LAUNDRY MACHINERY
Complete set for small laundry. Low prices
for quick sale. I'm CA. 1885 G St. NV.
The Washington times., 1931-11-26
ONLY S14,95O
SHEPHERD park

An incompatible value in new. cen.
ter hall, all brick Colonial residence. IN
the heart of the eXcluslv upper Six
teenth st. community Breakfast room.
stairs to semi finished attic. large rooms
throughout, solid brass hardware. copper
screens, electric refrigeration, brick garage.
appreciate what an amazing home volue
this is until you've seen it yourself !!
Terms arranged Lighted at night for
your inspection. ihOns MIRO. 1144, up
The Washington times., 1931-11-26
Real Estate
HOUSES AND ESTATES
FOR SALE n e

HOUSE FOR sALE-A bargain, 8 rms. &
bath, basement furnished eec.. gas, hot
air heat will sell at sacrifice; payments can
be arranged tn suit buyer; price - 500;
Apply 1872 G ST. s. E.. or phone Met. 705l.
- ROOM. 3-bath modern home. Just off
Conn. Ave, suitable for residence and
business. This house is worth S19, 800.
Owner will sell at once for $15 900. Small
cash payment. Call Potomac 1880.
I7TH PLACE n E.. 324-Drivo out and
see a modern home
32D ST. n. W, I5O6-3-story brick. fac
ing park; strictly white. good for rms.
business or residence: contains rms. 2
kitchenettes. bath, h.w.h., yard similar
house. $4,000, this can be bought under
$40 600 Omen COL 1901.
The Washington times., 1931-11-26

81 ACRES with beautiful large trees
$50 feet. fronting on new State road to
Washington, 1 mile Marshall Hall boat
dock. S155 terms. Box 159 Times Herald
The Washington times., 1931-11-26

$3.50
Brand new, brick houses rooms, bath,
elec. refrigeration 3 covered porches. near
cars, stores one block from schools. Open,
inspect. No. 1444 V St. s. E., Ana
costa. D. C.
Francis A. Blundon Co. Inc.
sos H ST. n. W. NAT. O714
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1931-07-24
By CHESTER M. WRIGHT

Washington, D. C. (ILNS)-Letters
made public by the Pan-American
Federation of Labor in which fresh
and bitter complaint is made of the
barbarities of the Cuban dictatorship
rest upon a record that reeks as
strongly today as it did four years
ago when the doings of the Machado
tyranny was news to a shocked world.
The letters received from Cuban
trade union leaders by the Pan Amer
ican Federation of Labor plead for a
civil intervention" and declare that
today mo guarantees exist" It is
moreover set forth that Machado has
not lived up to the reform promises
he made, which no informed person
expected him to do.
This is the time to do something" !"
says one letter. The same letter says,
the working men of Cuba are dying
of hunger"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1931-07-24
"EASY MARKS"
Are Newspaper Editors, Say
Utility PrOpagandists

Washington, d. C. (ILNS)-The
extent to which propaganda for pri-
vate gas and electric utility COM
panies gets published as news" is re-
vealed by a report filed before the
federal trade commission in the form
of evidence of one of it's attorneys.
The report included a chart compiled
from reports of the utility public in
formation bureaus" showing the
number of columns of free publicity
secured by the various bureaus of the
utility organizations. One of the
utility associations described the pub
iicity bureau as the keystone of our
public SYSTEM" and no part of the
country is exempt from the influence
of these publicity sponges
The Rocky mountain utility COM
mittee Dragged that it had secured
literally miles of favorable public
ity,' free Of charge. From New Eng
land to Texas, the editors of the
news papers seem to have used this
kind Of copy for feature, news and
editorial matter; and even Nebraska,