davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-09-02
HOPE FOR STEEL
GAINS WAVES
High Low / Last

NEW YORK, Sept. 2 uNSO.
With autumn close at hand,
hopes for a seasonal recovery in
the iron and steel trade are
waning, according to the weekly
Iron Age summary to be released
tomorrow.
In neither production nor de-
mand are current tendencies Of
such a character as to point to
an impending expansion of ac-
tivity. the survey says. Pig iron
output in August showed de-
cline of u per cent from July,
continuing the recession that be-
gan in May.
IngOt Rate Low
Steel ingot production, un-
changed from last week at 81 per
cent, remains at close to the
lowest rate of the year to date.
Construction. much Of it of a
public character, looms as the
chief reliance of the industry.
Structural steel awards, at 10000
tons, are the largest since the
middle Of July and are made up
mainly of Governmental projects.
Automobile production, which
declined to the lowest rate of
the year in August, seems to
be headed for a further reces-
sion in September. Last months
output of motor vehicles in the
United States and Canada is es-
timated at 175,000 to 10000
cars, as compared with 223.l81
in July and indications are that
the September total will not ex-
ceed 10000.
Prices Unchanged
Pig iron production in August
was 1,280.526 tons. or 41,308, tons
day, compared with 1853, ,220
tons or 47,201 tons daily, in July.
The daily average was the lowest
since october, 1921.
The Iron Age composite prices
are unchanged at 2.116 cents a
pound for finished steel, $3.50
a gross ton for pig iron and $9.08
a gross ton for steel scrap.
The Washington times., 1931-09-02
JUMP IN RURAL
ELECTR|CUSE

Illustrating the great possibili.
ties for electrical development ex
listing in rural territories, Utili-
ties Power and Light Corporation
reports an increase of al per
cent in kilowatt hour sales of
electric energy to rural customers
OF its American properties for
the year ended June 30. 1881,
over the previous IL months.
While part of this increase
came from a gain of 4.S per cent
in number of rural customers
served, the increase for the most
part was due to greater use of
electrical energy by farmers
already being served. This is
further indicated by the fact
that the revenue received per
rural customer showed an in
crease of 6.5 per cent for the
year, while there was at the
same time a reduction in rural
rates amounting to 20 per cent
in the aggregate.
Utilities Power and Light Cor
poration has consistently fol.
lowed the policy of developing
rural business wherever possible.
The Washington times., 1931-09-02
Petroleum Chief Praises
Enforced Proration

'tion business and a valuable
natural resource was being wasted.
BayOnet Calls Halt Il
Thus the State legislatures
called a halt and the governors
enforced their mandates at the
point of the bayonet. Mr.. Reeser
continued:
"The future outlook in the
oil industry is brighter than
that of many other industries,
because Of the fact that the
use of oil products has not de-
creased during the depression
period. In the first six months
of this year, oil consumption
has actually increased 2.26 per
cent, which compares with a
sharp curtailment of cOnsump-
ton in practically all other
lines. Even at fair prices,
which we are not now re-
ceiving, petroleum is the
cheapest fuel and the cheapest
form of transportation power
one can buy"
Net results of the cessation of
production in East Texas and
Oklahoma, according to Reeser,
are seen in a decrease in daily
crude oil output of approx
The Washington times., 1931-09-02
SURPLUS Of TIN
+. SHOWSDROP

An unexpected increase in the
demand for tin by the great
American consuming industries is
reflected in the official tin sta
tistics for the month of August
made public in London today.
Total world supplies for the
month amounted to 5000 tons
against 9,259 tons in July, de-
crease of 1890 tons. American
deliveries increased from 5,1OO
tons in July to 5,270 tons in
August.
The financial and industrial
crisis in Europe was considered re-
sponsihle. for a decline in Eu-
ropean deliveries from 1857 tons
in July to 2.914 tons in August.
World deliveries of 8,525 tons,
although representing a decrease
of 857 for the month, have not
fallen off to the same extent as
supplies.
Total available stocks now
stand at 56.74f tons, a net de-
crease for the month of 1914
tons. This figure includes total
visible supplies plus Straits carry
over, which now amounts to 5,794
tons against 6,612 tons at the end
of July.
The Washington times., 1931-09-02
CHICAGO LIVESTOCK

CHICAGO, Sept. 2 GN.So.
Hogs-Receipts, $4,000: market
10 to Is cents higher; top, $6.SS;
bulk, $5.65@6.60; heavyweight,
$5.75@6.65; medium weight, $3.50
06.85 lightweight, $6.20@6.SO;
light lights, $5.85@6.60; packing
sows, $4.25@5.5O; pigs, S4.7506;
lloldovers, 5000.
Cattle-Receipts. 10000; mar
ket steady. Calves, receipts, q
500; market steady. Beef steers,
good and choice, SO 25@9.75;
common and medium, $500 S.25 !;
yearlings, $50 1925. Butcher cat
tie, heifers, $3.50@9.S0: cows,
$3.75@6: bulls, $3@5.5O; calves,
$7.5O@11; feeder steers, $4.50@7:
stocker steers, $4@6.75; stocker
cows and heifers, $3.50@5.50.
Shep-Receipts, $4,000: market
steady; medium and choice lambs,
$707.75; cu1ls and common, SAG
S: yearlings. sos: common and
choice ewes, $1@2.5o; feeder
lambs, $S@5.75.
The Washington times., 1931-09-02
CURB UTILITIES
REACT|ONARY

NEW YORK. Sept. 2 1N.s).
The curb market broke out of
its narrow trading rut on the
side of decline in more active
dealings today, and with profes-
sional bears eagerly pressing their
advantage, declines of more or
less important proportions we're
the rule in most sections of the
list.
Utilities were moderately re-
dictionary, with American Gas
and Electric off l at 66, Electric
Bond and Share off ss at 365s,
Electric Power and Light war
rants off u at 20, and declines
of similar proportions the rule
in other active favorites in this
group.
Cities Service sagged to it's
lowest level in a fortnight in
touching 1919. for a loss of u
from its previous close.
Gulf was an outstanding weak
spot in the oil group, dipping
almost 4 points to 591s. South
Penn Oil sold off 134 points to
II, while the Standard Oil issues
held fairly steady. Character
istically severe declines were evi-
denced in the speciality list.
Singer Manufacturing tumbled 9
points to 261, Aluminium broke
points to l22, Parker Rustproof
was off 21s at 1873, Mead John.
son down 2 at 10 and Spiegel
May Stern preferred off 294 at
24A.
The Washington times., 1931-09-02
BY w. s. COUSINS

NEW YORK, Sept. 2 0N.S)
Effective proration and control OF
crude oil production, now an
accomplished fact, has placed the
oil industry on a solid, substantial
basis.
So declared e. B. Reeser, presi.
dent of Barnsdall Corporation
and president of the American
Petroleum Institute today, in sum.
marizing for International, News
Service exclusively the results. of
the recent revolutionary changes
in crude oil production in the
States of Texas and Oklahoma
He said:
Oils Red Letter Day
This is red letter day in
oil. After three years of in
tense fighting against the most
wasteful and unSOund methods
known to this or any other In.
dustry, every oil field in the
United States is under prOra.
tion. Oil supplies will be &C.
curately and scientifically
matched up against actual
needs.
This marks the end of the
old idea of operating the in
dustry strictly on a supply-and-
demand basis and the beginning
of the reasonable theory of
holding reserves in the ground
instead of storing them above
ground in a wasteful and ex-
travagant manner. This means
a great deal to the oil industry,
but it means much more to the
consumer, who has been pur-
chasing his supplies under
COST"
Price Advance Forecast
Forecasting a gradually advanc
ing scale of prices in the OF
industry as whole. Reesel
stressed the fact that the prod
uctS of any substantial industry
must be maintained on an equit
ably remunerative basis, other
wise business will eventually
stagnate and the consumer viii
suffer most of all. He pointed
out that in recent years there
has been an enormous increase
in the investors financial interest
in the oil companies, and that
the returns to them as we'll as
to the managers have been
meager.
Mr.. Reeser was in accord with
the attitude and actions of the
governors of Texas and Okla
homa in enforcing, with the aid
of State troops, the closing OF
the flush wells in east Texas and
mid-continent. The oil fields, he
said, constitute in part the re
sources and furnish the funds
necessary to operate the govern
mental machinery of the States
in question. -
In Texas, millions of acres OF
oil lands belong to the University
of Texas, which leased them or
a royalty basis to the Oil pro
ducers. When prices dropped to
10 cents a barrel, there was moth
ing for anybody in the produc
The Washington times., 1931-09-02
NEW PULLMAN CHARGE

The Pullman Company has filed
with the Interstate Commerce
Commission a tariff establishing
q charge for a second passenger
occupying a berth or section.
This rate, which becomes effec-
tive October rs, will be 30 per
cent of the lower berth rate. but
will not apply to children under
IL years of age for whom full
railroad transportation is not re-
quired.
The Washington times., 1931-09-02

mately 100000 barrels. Prora-
ton will restore 100000 barrels
daily bringing the total daily
normal production to 2,225 900
barrels.
Lesson for Others
Mr.. Reeser declared industry as
a whole might take a lesson from
the oil industry and prorate labor
in the various activities. The chief
stumbling block in the road to
business recovery today. he said.
is fear, and that could be re-
moved by a scientific apportion.
ment of labor in much the same.
way as the railroad industry has
done. d,
A gradual improvement from
now until spring and a pro-
nounced upturn in American
business after that time is Rec
ser's forecast for the country as
a whole.
The Washington times., 1931-09-02
FOREIGN TRADE
DROPS THIRD.

Foreign trade with all principal
countries showed a heavy reduc-
ton during the first seven
months of 1881, the Commerce
Department announced today.
Exports were valued at 81, AGO.
100000, a reduction of $846, ,0OO,-
900, while American purchases
abroad amounted to $1,281 ,800,-
900 a drop o. $675, 100000.
Exports to Europe totaled $671,-
O51 900 a reduction of $348, ,00O,-
900; to North America, 1894. $685.
900 a reduction of $3.50, 900, 900;
South America, SLOT ,928,0O a
drop of $105 ZOO, 900, and to Asia,
$216,398, 900, a fall of $50. .0oO, 900.
The Washington times., 1931-09-02
OLds Motor Works
SkiDn1entS Increase

DETROIT. Sept. 2.-The Olds
Motor Works shipped 2,400 cars
in August, compared with 1888
cars in August. 1890. From fig
ures at hand the company esti-
mates that retail deliveries last
month exceeded factory ship
ments by 1000 cars, showing an
increase of IS per cent over Au-
gust, 1880.
Factory shipments during the
first eight months totaled 42,500
cars, or 75O cars more than in
the corresponding period last year.
The Washington times., 1931-09-02
Sheet Mil Labor
Gets LOlUer WU0e

\ Youngstown sheet and tin mill
workmen will receive lower wages
in September and october than
in two preceding months. accord.
ing to the bi-monthly settlement
here between representatives Of
Sheet Manufacturers and of Anal
gamated Association of Iron, Steel
and Tin Workers.
Sheet-mill wages are reduced
8 per cent as the result of q de-
cline in prices to the lowest level
in many years.
The Washington times., 1931-09-02
s. ". Rails Offer
DeLiUeru Service

More than 100 Southwestern
railroads have filed with the In
terstate Commerce Commission a
joint tariff providing for pickup
and delivery of less than carload
merchandise shipments, effective
Oct. /, in an effort to overcome
competition by motor transporta-
ton.
The Washington times., 1931-09-02
SAYS SELL
CHEAP, BOOST
BUSINESS
Bargains Likely to Increase
Trade Faster Than Fancy
Slogans, Report Asserts

Business is likely to gain more
by making goods so cheap that
people will be induced to buy,
than through slogans urging them
to buy. according to the current
National City Banks report on
economic conditions, which as.
serts:
There Is no question but
that prices are rapidly getting
to leveds which constitute q
strong inducement to buyers.
Should Be Widespread
"The movement, however, is
not uniformly distributed, which
means that some groups Of pro
ducerS gain at the expense of
other groups and trade is there
by impaired. In our opinion,
trade is likely to gain more by
endeavOring to make goods so
cheap that people will want to
buy than through BY Now
campaigns and similar efforts
to urge them to purchase
against their will.
"If bargains are what the
people want, the thing to do is
to make bargains as universal
as possible"
Unsettling Factor
StreSsing the need of confidence
to bring world trade out of the
depression. the bank declared that
uncertainty over the status of
the war debt situation next year
was beginning to manifest itself
as an unsettling factor.
Business is being blighted
by uncertainty as to what will
happen after the Hoover debt
moratorium is ended next July
l." the review declared.
"If nothing is done, the world
at that time will be in danger
of more difficult situation
than last June when the mora
tOrium was proposed. We re-
gard the European situation az
the most formidable obstacle to
the revival of confidence at the
present time.
Early Pact Lauded
IF the political situation
could be improved, particularly
as regards the Franco German
relations, and business relieved
of concern over the possibility :
of a premature attempt to force
resumption of debt payments,
we believe the depression would
be abated further"
The bulletin says the Basic
committee of inquiry, headed by
Albert H. Wiggin, chairman Of
the board of the Chase National
Bank, apparently seems eager for
an early settlement of questions
on international reparations. This
eagerness is applauded.
Formation of a new govern
ment in Great Britain and the
arrangement of $4OO.O00.O 900 one.
year credits for England by
American and French bankers
were characterized as vital moves
toward restoring confidence in
British finance.
The Washington times., 1931-09-02
D. l.. & W. PROFIT OFF

The Delaware. Lackawanns and
Western railroads net income for
the first seven months this year.
after all charges and taxes,
amounted to 1891, ,O69, equal to
slightly in excess of So cents o
share on $1,688, 1873 shares of com.
mon stock outstanding. This COM
pares with net income in cor.
responding period last year of
$3,322,084 or $196 a share.
The Washington times., 1931-09-02
Anaconda Closes
st. Laurence Mine

!. Anaconda Copper Mining Com
pany has closed the st. Lawrence
Mine at Butte. Mont. This is the
smallest one of the mines that
the company had in operation at
the time it was closed.
The shutdown has affected
about three hundred men. Some
of the men will be employed at
other properties of the company.
The Washington times., 1931-09-02
Three Grand Rapids
Banks Join MerQer

Three Grand Rapids, Mich,
banks the Home State, American
National and the Security Ma
tional are reported consolidated
as the American Home Security
Bank, with resources of more than
$4,000, 900 and a capital, surplus
and reserve of $1,500,00O.
The Washington times., 1931-09-02
FRlGIDAIRE PRICES CUT

Frigidaire Corporation has re-
duced prices on its entire line of
refrigerators 5 to 10 per cent. The
S per cent reduction applies to re-
frigerators selling up to $3.50, and
the larger cut on models selling
over $3.50.
The Washington times., 1931-09-02
COLOMBIAN FINANCES

President Enrique Olaya Her
rera of Columbia is planning to
visit the United States to discuss
Colombian finances with. Amer
ican bankers, according to Colon
bian Gable and Air Mail Weekly
Service.
The Washington times., 1931-09-02
Jackson Steel Mill
RpODens on Sent. Is

JACKSON, Ohio, Sept. 2.-The
Jackson Iron & Steel Company
has announced it will resume
operations September Is. having
been closed since last May. 1t
will employ 200 men.
The Washington times., 1931-09-02
Good Business
News Items

Retail trade gain reported
In Washington.
Steel mill to reopen with
200 workers.
Chevrolet production gains
in August.
Shipments of OldS motors
increase.
Rural use of electricity
shows big gain.
The Washington times., 1931-09-02
Stock Transfer Tax
Receipts Off in N. Y,

New York State stock TRANSFER
tax during August totaled $914,.
676 vs.. $1,116,591 in July and ST.
282, ,185 in August 1880, it was an.
nounced at Albany.
The Washington times., 1931-09-02
BETTER RETAIL
TRADE HERE
REPORTED
Richmond Federal Reserve
Bank Finds Gain for July
and to Date for This Year

Retail trade in Washington dur
ing July was better than in July
last year, according to the report
of the Federal Reserve Bank of
Richmond.
Retail trade in the Fifth dis
trict, in which Washington is in
cluded, as reflected IN sales of
81 department stores was in
smaller volume than in July 1880.
However, the district as whole
made the best comparison of any
of the Federal Reserve districts.
Seven-MOnth Record
In the face of records from
other cities in this district Wash
ington's record is most encourag-
The Washington times., 1931-09-02

Canada
New York funds in Montreal ss.4s&
premium at $1,000.
Montreal fund.- in New York ss.4s&
discount at $1,000.
The Washington times., 1931-09-02
financial Ne1us Stocks Bonds Commodities and Comment
New York Bond Market

Fractions represent SSnds
I01 I mems fO1 f.S2
The Washington times., 1931-09-02
August Chevrolet
Production Gains

DETROIT. Sept. 2.-Produc-
ton of Chevrolet cars and trucks
in August totaled 54,958 units,
against 1892 in August, 1880. In
July Chevrolet produced 66.307
cars and trucks.
August is the fourth successive
month to show a gain over the
corresponding month of 1880
Output for August brings the
total for the first eight months
Of 1881 to 643,410 cars and
trucks.
The Washington times., 1931-09-02
REQ MOTOR DEALERS

REQ Motor Car Co. has added
$50 new dealers since July.
The Washington times., 1931-09-02
FOREIGN EXCHANGE

NEW YORK, Sept. 2 G.N.s.).
lnamsud TVahIs
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-06-12
Daily Health Service
Passing of Old Dobbin Brings Decline in
Chambers Disease

assesses are located. Sometimes a
hard nodule develops which ulcerates
and breaks down, discharging a pro-
fuse, sticky substance. II the disease
attacks the lungs, 1t gives symptoms
like those OF pneumonia.
Nowadays a diagnosis Of CHAMBERS
Is hardly likely to be made, unless the
condition described happens to occur
In someone who Is constantly working
around horses. The acute infection
Is very serious in the human being
and most Of the patients die.
In the control Of q disease like
CHAMBERS, everything depends on
stamping out the source Of the in
lection in the animal which trans
mits It,. Hence, it is recommended
that practically every animal with
CHAMBERS should be promptly de-
stroyed and the stables thoroughly
disinfected, including all harness and
watering buckets. All animals that
have been exposed should be exam
ined for the infection and kept under
observation until well past the time
when there is any likelihood that the
infection may develop in them.
A doctor who takes charge Of such
cases treats them usually by the sur
gical method OF opening the assesses
and draining away the infectious
material.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-06-12
Plan Farm Tours
In Mclean County

The Greater North Dakota associ-
alton, In cooperation with the North
west North Dakota Development as
ISOLATION, has arranged for q series Of
farm tours in Mclean county June
10, 10 and 20. Local arrangements
were worked out by County Agent A.
L. Norling. j. j. Schmid of Wilton
is county chairman for the Greater
North Dakota association while Cliff
Ehlers Of Garrison Is Mclean county
member Of the northwest regional
unit which IS financed by the state
association.
The tours r planned for the pur-
pose of helping bring about more
profits from livestock production.
Gordon w. Randlett, livestock spe-
cialist, will be in charge and will con-
duct demonstrations and lectures at
the various farms.
The schedule for the tour follows:
Thursday. June 18-Max 10 a. m. at
F. T. Solberg farm. one-half mile
north and two and one-half miles
west; Garrison 1880 p. m. at Fritz
Giffey farm, four miles west: Cole
harbor 4 p. m. at W. o. Hultbe-g
farm, west Of town.
Friday, June 19-Underwood 10 a.
at John johnson farm. two and
miles northwest; Falkirk
1880 p. m. at Ole Holtan's farm, one
and one-half miles northeast: WASH
burn Wilton at w. j. Bickert form. 10
miles southeast Of Washburn and
of Wilton.
Saturday, June 20-Turtle Lake 10
a. m, at E. E. Lindquist farm, south
Of town; Mercer at 2 p. m. at John
Braun farm, four miles west.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-06-12
TO-DAY IS THEA
ANNIVERSARY
g
RUSSIA'S ASSEMBLY

On June IL, 1917, q council Of 81
members under the presidency Of
Kokashkine. a member Of the Duma,
met to prepare for Russia's Constitu-
ent Assembly.
This assembly met not only to draft
Russia's permanent constitution, but
also to solve certain immediate prob
lens, the chief Of which were the
questions Of nationalities and the
conditions Of the transfer Of the lands
Of the mobiles to the peasantry.
In the preparatory council sat q
group Of constitutional specialists,
also deputies from the army and from
all the political parties, representa-
tives of Jews, Ukrainians, Poles and
other races and also a representative
OF the women, the famous feminist,
Nine. Shishkin Yavein.
An important reform proclaimed on
this day was the introduction Of the
small unit Of local self-government,
in which all classes might participate
equally. It was decided to allow the
former emperor and members Of the
imperial family the privilege Of vot-
ing.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-06-12
Valley Forge and Now

President Hoovers analogies between Valley Forge
and present economic conditions are being challenged by
students of history. They claim that the president missed
the greatest comparison between those times and these.
1t is pointed out with considerable logic that the
revolutionists suffered at Valley Forge because OF gov
ernmental inefftciency. There were plenty of supplies
available. Slow moving congress, states reluctant to
meet their quotas, profiteering. graft and dishonesty,
according to the author Rupert Hughes, were present in
colonial days.
So 1891 finds a surplus of food on every hand but no
way to make it available for the unemployed and hungry.
The crisis is really a problem Of plenty. Government
seems powerless to effect any solution and probably never
can. People have come to believe that governments can
legislate prosperity, but in this crisis they are realizing
that certain memorable laws control against the opera
ton Of which congress and other governmental agencies
are %impotent.