davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-04
FINANCE
AFFECTED BY
GggIm.GG!RESS
Most Proposed Regulatory
Measures Fall, But Large
Appropriations Are Made

Congres quit at noon today, be-
queathing to its successor which
convenes next December many
legislative projects of singular or
particular iJ1terest to District bus.
ineSs men.
The short ses ion was not en-
tirely negative ~ this line, how
ever, as 1t passed a record Dis
trict supply bill of $45,672,O 600,
and in a de2iciercy bill apprOpri'
ated manv more millions for
building and highway GOnstruC
tiOn in the city and its envirCnS
in Virginia sud Maryland. Among
these items ds S2,7OO,OOO for the
Memorial Highway to VT. Yer
non.
Half II bIidays Assured
The SATURDAY half-holiday bill
Just signed Sy President Hoover
also is one bound to have con-
siderable effect on retail mer-
chandising pl llactice and many less
tangible trade relations.
The bill pissed by the House
yesterday milking it a crime to
circulate rhaliCious financial
rumors, an outgrowth Of a re-
cent run on a local building loan
association, probably is doomed,
but, until tn grtst Of last-minute
bills in the Sd nate has been sifted,
this cannot { ertaBnly be told. 1t
will be knowi surely tomorrow.
The 3-cer school fare bill
passed some time ago and just
given efseet u the Public Utilities
Commission seems certain to oc-
casion new and continued discus
sion of gene III rate and earnings
bases between the transportation
companies and the commission.
The BOrland bill amendments
already are raising hob with Dis
trict finances. and several thou
sand are claiming refunds for
which there Is no immediate
money in sight, according to Dan
lei E. Garges, secretary to the
board of C0mmj SsiOnerS.
Probe Bills Fail
The Cappsr investigation into
milk, bread Ind meat prices here
has resulted IN no legislation, but
in recommendations which have
induced the Department Of JUS
tice to take up the inquiry,
it announces, will be thorough
and nation vide in scope.
The BLAINE bills, resulting from
a long Senate probe into real
estate financing here, have gone
by the board. One would have
licensed reelty brokers, agents
and statesmen. A second provided
for a study by the Public Utili,
ties Commission of all proposed
securities issues before their Of
fering fol sale. A third set up
new methods Of mortgage fore,
closure, believed TO be more favor
able to borr 3wers than the pres.
ent system
Congress refused to pass street
car and gas company merger
bills and several other laws regu
lating public utilities.
The Washington times., 1931-03-04
REPORTS
TONNAGE GAIN

American Stores Company, oper.
ating many stores in Washington,
for the year ended December 81,
1880. reports net income after de-
probation and taxes of $5, $50, 149,
equivalent to $4.01 a share on l.
478,79l shares of common stock
outstanding, after deducting treas
ury stock. This compares with
$6,594, 1922. or $4.25 a share on the
same basis for year ended De-
cember 81, 1929, and $5,57o,668,
or 1881 a share in 1928.
Sales for the year totaled $142,-
77O,477, against $143, ,346,156 in
1929, a decrease Of four-tenths Of
/ per cent. Report shows cur
rent assets of $2t,432,45 and cur
rent liabilities of So, ,962, 1888, a ratio
of 5.4 to /. In 1929 current as
sets were 22,873, ,762 and current
liabilities $4,694,182, a ratio Of
4.8 to i. In his remarks to stock
holders, Samuel Robinson, presi-
dent, says:
"While our sales show q de-
crease i'm dollar value, the tom
mage sold by American Stores
Company in 1880, owing to the
lower commodity prices prevail
ing, was substantially greater
than tonnage sold in 1929. The
2,728 stores in operation on De
cember 81, 1880, represents an
increase Of "a stores during the
year. This increase has taken
place to some extent in new ter
ritOrieS now being developed"
The Washington times., 1931-03-04
Haney Lists Good and Bad
Trade Outlook Factors

The unfavorable business de-
velopments are:
!. Bank debts and clearings
continue to decline.
2. The Annalist's index of week
ly business activity fell to a new
low.
3. Railway car loading increased
less than usual for the season.
4. Automobile production gained
less than usual.
Commodity Prices Off
S. The weekly average Of COM
modify prices fell again, and
more commodities declined than
advanced.
6. Grain markets were lower
and unsettled by news that the
Farm Board is beginning to sell
wheat.
Z. January steel exports showed
large decline Gas did exports Of
all commodities combined). Steel
operations at Youngstown were
reduced.
8. Reports Of a larger number
Of wage cuts were received, and
the president Of the American
Federation of Labor issued a
warning" in this connection.
8. Current trade reports indi-
cate that retail trade in Febru-
ary was not as good as in Janu'
ary.
10. The oil industry Is badly
unsettled by new production, and
oil and gasoline prices are weak
The Washington times., 1931-03-04
DEMAND VARIES
IN HARDWARE

NEW YORK, March 4.-Reports
from the leading hardware mar
kets indicate considerable vari-
ance in the character of the cur
rent demand, Hardware, Age will
say tomorrow in its we Skly sum-
mary.
January sales totals in several
centers were on a par with those
of the same month a year ago.
while in other sections they were
under the 1880 level. Mild
weather in most sections has re-
tarded the demand for seasonal
merchandise.
Future orders for spring mer-
chandise continue to be received
in a healthy volume, denoting the
optimism of retailers with respect
to business prospects.
A somewhat easier tendency has
developed in the price situation,
although prices, in the main, are
fairly steady. There appears little
reason to believe that most quota
tions for hardware products will
be lowered to further degree.
Collections are slower than
usual, but the credit situation gen.
orally is deemed fairly satisfactory
The Washington times., 1931-03-04
FAILURES MARK
FOR FEB. SET

With fewer business days the
number of commercial failures in
the United States last month de-
clined from the January total, %
per cent.
Thus the 2,563 defaults reported
to r. G. Dun & Co. for February
contrast with January's high rec
ord for all months Of 1915, but
no preceding February has shown
so many insolvencies.
The previous maximum for the
period was established in 1922,
when the months failures num-
bered 1881, and the lowest mark
for February was reached in 1920,
with only 492 defaults.
Comparing with the 2,262 fail
ures a year ago, the latest returns
show a rise of something more
than 13 per cent. That is, how
ever, considerably less than the
20 per cent increase in January
over the number for the CORE
spending period Of 1880.
The Washington times., 1931-03-04
BUS-RA|L PLANS
ARE OUTLINED

Practical plans for co-ord:nat-
ing rail and highway transporta-
ton withous i'm posing restrictive
regulations upon buses and
trucks we're presented to the In
terstate Commerce Commission to-
day by the Pennsylvania railroad.
The commission has been gath
ering information regarding the
Relationship be tween the rail-
roads and motor transportation
and has conducted hearings in
various sections of the country.
John r. Deasy outlined in de-
tail the Pennsylvania's own CO.
ordinated bus and truck services
and its plans for extending these
operations.
The Washington times., 1931-03-04
By LEWIS HANEY
Director New York University Bureau
of Business Research and Former
Economist of Federal Trade
Commission

Director New York University Bureau
of Business Research and Former
Economist of Federal Trade
Commission
The following is a list of the
more significant business develop
ments of the past week. The
favorable developments are:
Bonus to Aid Buying
/. Congress seems about to ad-
journ.
2. The bonus payment plan
adopted seems likely to create
little immediate disturbance and
expected to stimulate buying in
the near future.
8. The industrial consumption
Of electricity gained a little last
week.
4. The demand for cotton cloths
has been increasing.
S. Lumber orders and shipments
exceeded production.
6. Copper exports have re-
Gently been fair.
Home Building Up
Z. Residential building has
picked up in some localities.
8. Several plants have taken
on more employees, and most of
the strikers have returned to
work at the American Woolen
Company's Lawrence plant.
8. Some increase in automobile
manufacturers buying of strip
steel has led Chicago steel makers
to raise prices on that item. Steel
scrap was higher at Pittsburgh.
The Washington times., 1931-03-04
U.S.GOLD STOCK
INCREASES

At the close of 1880 the Ameri-
can monetary stock of gold was
$4,590, 900, 900, within 500, 900, 900
Of the peak figure in May, 1927,
the Federal Reserve Board said to-
day in its annual report to Con-
gress. This was an increase Of
$31O,000,0O0 during the year.
Gold flowed to the United
States from Japan, China, Brazil,
Argentina and other Central and
South American countries, while
gold flowed to England from
South America and Australia. The
board said:
I'm general the movement Of
gold was one from outlying
countries producing raw mater
ialS, to the financial centers
and bore no significant reIa-
tiOn to the differentials i'm
money rates."
OF the gold, amounting to
$345, 100000 received by the
United States from these outlying
countries, $74,0OO,OOO was shipped
to France. The gold received
from similar sources by England,
as well as 5000, 100000 of newly
mined gold received during the
year from Rhodesia and South
Africa, was largely exported to
France.
The board made no recon-
mendations relative to banking
legislation. For the banks of
the country, the IS months end
ing in December was one of re-
adjustment and liquidation, the
report said.
The Washington times., 1931-03-04
Hog Island Delay
Laid to Politicians

PHILADELPHIA, March A.
The charge that politics is de-
laying development of the Hog
Island air-rail-marine terminal was
made by David E. Triester, pres
1dent of the Southwest Philadel-
phia Chamber of Commerce, dur
ing luncheon Of the City Business
Club at the Hotel Walton. He
declared:
"The ordinance for creation
Of breau of aerOnautics
has been placed in pickle be-
cause the political situation
is being played with"
The Washington times., 1931-03-04
SHOE PROFITS DROP

Consolidated report of Dia-
mond Shoe Corporation and sub
sidiaries for the year ended Dec.
81, 1880. shows net profit Of
$882,344, after depreciation and
Federal income taxes, equivalent
after preferred dividends to 1891
per share on the 10000 shares
of common stock outstanding at
the end of the year. This com.
pares with net profit Of $1,186,.
624 in 1929, equal, after preferred
dividends, to $4.72 o common
share.
The Washington times., 1931-03-04
Reserve Loans Off
S3f,OO,OOO in Week

Federal Reserve Boards weekly
condittcr bat ament as Of Feb
ruary a. sdT decrease for week
of $Sl 1Go fG9 in loans and $1O.-
00Q,000 iD borrowings from re-
serve panKs. Investments in
creased S27 200, 900.
Demand deposits were up $44,-
100000 and time deposits $32 00O,-
coo Loans on securities were
$7,313,0o0,000. a decrease of $12,.
100000. All other loans were So,
10000 600. decrease of $4,000.
000 Total loans were SIS 463,
O00, 900, dec rease of $31 600 goo.
The Washington times., 1931-03-04
Maryland Asks Ban
For DGyLight Sauna

ANNAPOLIS, Nd, March 4.
The doom of daylight-Saving time
in Baltimore appeared nearer to-
day, following adoption of a
resolution by the Maryland House
yesterday asking merchants of
the city not to use the time
again.
Delegate Lawrence Ensor, of
Baltimore county, introduced the
resolution, which cites the mud
died condition arising out of the
fact that part of the city oper-
ated on daylight-saving time
while the rest used regular time.
The Washington times., 1931-03-04
Dividend Declared
Ru Rendir Aviation

The directors of the Bendix
Aviation Corporation have de.
cleared the regular quarterly divi-
dend Of 25 cents a share on
the common stock, payable April
/ to stockholders of record
March 10.
Directors announced that earn
ings for the year would be 81, ,853,-
$50 after taxes, equal to about
56 cents q share.
The Washington times., 1931-03-04
RefrGctOries Firm
Offers Note Issue

A new issue Of $5,000,000 Gen.
eral Refractories Company two
year 5 per cent gold notes due
March /, 1888, is being offered
by Stone & Webster and Blodget,
Inc, White, Weld & Co., The First
National Old Colony Corporation
and Graham, Parsons & Co., at
99A and accrued interest to yield
$40 per cent.
The Washington times., 1931-03-04
Lighter Rail Car
Buying RepOrted

During February there were "a
freight cars ordered from domeS.
tic makes against none in Janu.
ary, and 1881 in February, 1880,
according to Railway Age. There
were eight locomotives ordered
during February against two in
January and 16 in February, 1880.
There were no passenger cars
ordered in either January or
February Of this year. In Febru-
ary. 1880, 134 passenger cars were
ordered.
The Washington times., 1931-03-04
". Y. Interpretations
LOUer Last Month

ALBANY, March A. During
February 1890 stock and no-par
value corporations were chartered
by the secretary of state, with
total capital of 1881 900. COM
pared with 1900 corporations in
January, having total capital of
$39, ,669 900.
In February, last year, 1920
corporations with a capital of
$2T ,679, 900 received charters.
The Washington times., 1931-03-04
CHICAGO LIVESTOCK

CHICAGO. March. GN.SD.-Live-
stock prices:
Hogs-Reeti,tg 50, 900: market steady
to strong. r ,p. $50: bulk. $5.90dh
T,45: heavy " eht. $6.5O@7iO; medium
weight. $500 A.: light weight. 1880
750: light liz IS, s6.9O@7.S5: packing
sows, $3.50 % pigs, $s.1OQ71O.
Cattle---Rocefy Is, 5000: market steady
20 strong. calves: Receipts 1000;
market steady Beef steers: Good and
Si1m' $5.5O@9 90; yearlings. ss509
Ii25, butcher cattle: Heifers, S4.5O@
500; cows, $s.5O@6.OO bulls, $500
& 90: calves. s7.oO99.50. feeder steers
S47b a see; stoeker steers. $47b@SOO;
Stocker cows and hefcrs $4OO66.5O.
sheep Receipts, 5000; market steady.
Medium and dhoice lambs SsOO99.O0; (;
culIs and coFAmon $6.0097.5O: year
NnKg. ee.e0@910; common and choice
ewes Ss.eo 0i.E5; feeder lambs, $1,000
2K
The Washington times., 1931-03-04
NeW Jersey Utility
Earns S2.442.H57

Jersey Central Power and Light
Company, subsidiary Of Ma,
tional Public Service Corpora.
ton, reports operating revenues
for 1880 Of $9,121,857, an 8 per
cent increase over 1929, when
revenus were $8,431,739.
Balance available for bond In.
terest was $4,212,702 in 1890,
compared with $3,539,343 in 1929.
Net income available for divi.
dends and surplus for the year
was $2,442,657, compared with
$1,775,5O6. The company is part
Of the Middle West Utilities SyS-
TEN.
The Washington times., 1931-03-04
NeW Ship Tonnage
Hits 5-Year Peak

The bimonthly report Of the
American Bureau Of Shipping to-
day reveals that American ship
yards have under construction
428,748 tons Of shipping of vari-
Gus types, the highest total that
has been reached in five years,
according to Capt. Charles A. Nc
Allister, president of the bureau.
OF the total, 325, 400 tons COM
prise passenger vessels and tank
prS
The Washington times., 1931-03-04
Bethlehem Steel
Bonus Suit DeLQued

NEWARK, N. j., March 4
QN.S0.-Suit of the minority
stockholders Of the Bethlehem
Steel Corporation to recover from
the directors and officers of the
company approximately $36,0OO.-
600 allegedly paid to high Off.
cials in bonuses since 1911 was
continued to q week from today
by order Of Vice Chancellor John
A RackeS
The Washington times., 1931-03-04
MANILA RAIL BONDS

Offers for the sale to the sink
ing fund of the Manila Electric
Railroad and Lighting Corpora
ton per cent 50-year first lien
and collateral trust sinking fund
gold bonds sufficient to exhaust
the sum of $97.069 available are
invited by the Chase National
Bank, New York, successor trus-
tee, at a price not exceeding los
and accrued interest, before noon
March 9,
The Washington times., 1931-03-04
Normal Pack Seen
Blu CUH1nerieS Head

NEW YORK, March AT the
annual meeting of American Can
Co. yesterday retiring directors
were reelected.
H. w. Phelps, president, said
stocks Of packers goods were
moving well and q normal sea-
sonal pack for the current year
was in prospect provided weather
conditions favored the crops.
General line of business was
holding I'D well, he reported.
The Washington times., 1931-03-04
Building
Total Increases

A total of 1876 building permits
issued in Chicago aggregated ST.
$4,000 in February, representing
an increase Of 17712 per cent over
the January total of $2,838, 400
and a 4612 per cent gain over
the February, 1880 volume of
$5,442, 500, according to S. W.
Straus & Company.
The Washington times., 1931-03-04
World Credit Unit
Studied in ElLrOpe

PARIS. March At is learned
here that European governments
and central banks are consider
ing the British scheme for es-
tabliShment Of an international
credit institution, whose primary
aim would be to facilitate Crans-
fer of capital from countries
where it is abundant to points
where it is scarce.
The Washington times., 1931-03-04
NeU 1881 Price Set
BU Conner ErDOrt

An advance Of u cent to 1880
cents a pound in the export price
of copper. C. i. f., has brought the
price to the highest level of 1881
and l cent above the low price
for the year.
The domestic price of copper
was also boosted W cent to 101a
cents a pound.
The Washington times., 1931-03-04
Montgomery Ward
FebruQru Sales Din

Montgomery Ward & Co. today
reported sales for February Of
$15,2 ,244,975, a decrease Of So, $780,
910, or Ill per cent from Feb
ruary, 1880.
Sales for the first two months
Of this year totaled $31,865,213,
a decrease Of $4,871,785, or 1873
per cent from the like 1880
period.
The Washington times., 1931-03-04
Winchester Bonds
Time Is Extended

The extension of 80 days in
the time allotted for the de-
posit Of Winchester Repeating
Arms Company (Connecticut)
first mortgage 20-year 7R per
cent gold bonds, due April /,
1941, has been granted holders
by the protective committee
formed Immediately following the
receivership of the company last
January.
The Washington times., 1931-03-04

WOOD FOR SALE-Oak, well sea-
sOned, any length, S12 per cord;
mixed oak and pine, $40 cord.
The Washington times., 1931-03-04

LOST - Lady's wrist-watch, on
February "a, probably in the Audi.
tOrium; set In chip diamonds: re-
ward for return to owner.
The Washington times., 1931-03-04

UNFURNISHED APARTMENT FOR
RENT-M St., n. W.: rooms.
kitchen and bath: 5000 per month;
electric lights and hOt-water heat
furnished; janitor service.
The Washington times., 1931-03-04

AUTOMOBILE FOR SALE La
Sale 5-passenger Sedan, large
model, new motor: guaranteed per.
feet In every ways $3.50; terms,
Evening star., 1931-06-26
j. S. TO SEND Dozen
TO DARK CONTINENT
Versatile Athletes viii Be
Selected for Matches
With Seven Cities.
By the Associated Press.

BY the Associated Press.
r INCOLN, Nebr., June 26.-A
two-month tour of South
- Africa is one prize that VIII
dangle before the eyes OF
athletes competing in the National
A. A. u. track and field champion
ships here July 3-4.
A 12-man squad, to carry United
states colors in q series OF seven
matches In South African cities, VIII
be selected following the title meet.
Because of the limited size Of the SQUAD.
athletes who can compete IN a variety
of events will have the best chance LOT
selection, A. A. U. officials say
The party will leave July ana re-
turn about September Is.
Another prize, somewhat less tangl-
BILE. for which athletes will be striving
is that of recognition as Leading cam
didates for the 1882 United states
olympic squad.
Last Before OIympics.
The meet here will be the last big
+ract afIair Of this. "the year before
the Olympics," and performances made
here will count heavily in determining
the makeup of the American squad
FIR the Olympiad.
.rhe meet, to be held in the Univer-
eity of NebraSka'S beautiful stadium,
with its fast red cinder track, will have
four divisionS-the junior and senior
individual championships, the decath-
lon and the relays. :, Appropriately
fireworks" being scheduled for the
evening of the Fourth" under arc
individual titles viii be decided in
Though q host Of established stars
of big college meets and previous A. A.
U. contests will be on hand. four sen.
sational youngsters may claim some OF
the spotlight.
Champion Club Stronger.
George Spitz, Flushing, N. Y, youth
who has gone 6 feet s inches IN the
high Jump; ]. c. Petty Of kaufman,
Tex, high school boy who has whtrled
the discus 154 feet; Ivan Fuqua Of
Brazil, Ind, and Ralph Metcslfe o.
Chicago, who set records OF 49.4 ana
ct for the quarter and century in the
1880 national interScholaStic meet, are
expected to press some OF the older
The Los Angeles A. c., which has
monopolized team honorS for several
years, VIII be on nanQ, us PeTSOnnel
enhanced by several of this years great
Southern California team.
The olympic Club of San Francisco,
bolstered by ex-Stanford aces, will fig-
ure in the team competition, while the
Illinois A. c.. helped by Lee Sentman
and Verne McDermont of Illinois, will
carry the hopes of the Midwest.
New York, Boston and Newark clubs
will be the Easts leading contenders,
though none holds any hopes Of sur
passing the Los Angeles total.
Stars VIII Return.
Among veterans returning to the
A. A. U. competition will be three
standoutS of last year. Paul Jessup of
the Washington A. C. (Seattle), hurled
the discuss to a new world mark of 169
feet 8% inches last year; Jimmy DemerS
of Los Angeles set a new American mark
in the javelin at 222 feet 634 inches, and
Ed Genung Of Washington raced the
$50 in 1884.
Other old-timers include Cy Leland
of Texas Christian, sprinter; Lee Barnes,
Los Angeles pole vaulter and world rec
ord holder; Herman Brix Of Los An
geles, American Shotput record holder,
and Leo Lermond of the New York
A. c., who is bent on making a come
back in the mile run.
Evening star., 1931-06-26
ROD AND STREAM
by PERRY MILLER.

catches fish, or that fish run the same
every day, hence the best fishermen
select dates that are most suitable. The
uncertainty of the catch is one OF the
things that makes the game the most
interesting"
Capt. Daniel p. Ball at Neavitt, Nd.
cross the bay on the Eastern Shore,
says:
THE reports I am sending is for
week ending June 81. Fishing parties
leaving Neavitt returned with catches OF
20 to 40 hardheads to boat. The best
catches are being made at night. One
party made a catch of IL blues trolling.
I was cut one evening and landed five
rockf1sh Weighing from to pounds,
still fishing. The increase Of the moon,
I think, will be an increase In fish
caught in this vicinity.
Capt. Gormley Elliott ct BroomS
Island called up and reported that two
boats returned with catches Of 100
each. Another boat returned with IS
good, big spot, 10 hardheads and two
trout. Other boats this week are re-
ported to have landed between 20 and
IS hardheads. Practically all the fiSh
are being landed at night.
Now about night fishing. Just how
the different phases Of the moon Affects
fishing conditions is more or less .
Evening star., 1931-06-26

mystery to the average angler. We do
know that the moon affects the wind
and tides, but perhaps the main affect
on the fish is the visibility of the water.
The higher the tides the more food Is
brought in to the fish, and the brighter
the moon the better able the fish are
to see the food offered them.
George Knight, at Leonardtown, tel
ephoned In, saying:
Fish are really biting down this
way" He said that there are a lot
Of boats out each day. Two anglers
trolling between Piney Point and Rag
ged Point landed six rockflsh, the larg-
est Weighing Is pounds. Another boat
fishing on River Springs landed ~
l1ardheads, and that State Senator j.