davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-13
STEEL PRODUCTION
IN FURTHER DECLINE
Slow Demand Results in Reduction
of Mill Activity to ~ Per
Cent of Capacity.
BY the Associated Press.

NEW YORK, December 12.-The
usual seasonal slackening of demand
for steel at the year end was further
accentuated this week by the appear
ance of irregularly lower prices for
some products, and the trade Is now
generally marking time.
AS result of the slow demand, in
which hoped-for increases in auto
mobile specifications have not come
up to trade expectations, steel ingot
production declined to about 27 per cent
of capacity in the past week. Buyers
are cautious since price concessions
have become available on number of
items, and there is now disposition to
await announcement of first quarter
prices. Owing to low inventories. the
trade is hopeful that pent-up demand
will account for improvement after the
turn of the year. Some Improvement
in demand for pig iron was reported,
but this was not general. Prices are
steady.
The copper market remains quiet.
Pending final results of negotiations
among world producers to regulate pro-
duction, buyers are limiting purchases
to small lots. Foreign demand is,
checked by the premium asked over
the normal domestic parity as a result
of concessions which are available In
the home market. Customs smelters
are offering electrolytic at 61a cents for
delivery in the Connecticut Valley, while
producers are asking lao higher.
Tin has f1uctuated irregularly, with
prices largely nominal, and changes in
fiuenced by the movement of sterling ex-
change. Importers are not inclined to
press offerings at current low levels.
while buyers show little or no interest
Evening star., 1931-12-13
DRIVE FOR ELECTRICAL
HOME LIGHTING URGED
BY the Associated Press.

by Ine Associated FreSS.
The use Of light in about 100000
homes now equipped with electricity is
said to be less than one-third of the
illumination level indicated by good
practice The electrical world es-
Inmates that home lighting saturation
Is not over 80 per cent, while other
estimates have placed this figure as low
as II per cent.
On the basis of 80 per cent, and
energy market estimated at around
$4,000, 100000 kilowatt hours, which at
present rates would return more than
1,000, 100000 in annual revenue, Is
available in this unsaturated field, the
publication asserts.
The analysis deduces that if one-third
of the homes should put in adequate IL
Elimination, their requirements would
add at least s250,000,000 yearly gross
to utility revenues, and would provide
an additional market for lamps, fix
lures, wiring, etc, of about $4,000
900, besides calling for the expenditure
by the utilities of some $500, 900 900 for
station, line and distribution capacity TO
serve the business.
A united campaign by the electrical
for better home lighting was
urged.
Evening star., 1931-12-13
y. S. DEFICIT FOR FISCAL YEAR
MAY AMOUNT TO s2O89 900 600

hand, have risen about 20 per cent.
The principal factor in the loss of
revenue has been a falling off in tax
receipts from individuals and corpora
tions which are subject to wide f1uc-
tuation in accord with the changing
volume of trade and personal income
Virtually all other forms of receipts also
show declines. q
Expenditures, on the other hand, have
continued the rising scale begun several
years ago. These include number of
extraordinary appropriations, comprising
disbursements as follows: To the Fed
eral Farm Board; to the Department of
Agriculture for road building and
drought relief; to- the Veterans Bureau
for liberalized provisions to war vet
Grams; to the War Department for rivers
and harbors, flood control, for the Air
Corps, and to the Treasury Department
for the Governments public building
program.
These factors, combined, promise IN
The year, the largest deficit ever incurred
by any country in peace times
Evening star., 1931-12-13
BY. CHAS. P. SHAEFFER,
Associated Press Business Writer.

The deficit tor the fiscal year ending
June 80, 1882, will be $2,O89 000, 900 if
the present ratio of expenditures and
receipts is maintained during the re-
mainder Of the period
The estimate of the Treasury Depart
ment for the same period places the
excess Of expenditures over receipts at
$2,123, 900.
There are BOT business days in the
present fiscal year. The latest daily
report Of the Treasury Department, for
December 9, shows an excess of ex-
penditures over receipts of 1925, 900, 600.
This Is at daily rate of $6,804, ,oo8 a
there were 1876 business days expired
during the period
The present fiscal year contains 366
days, Of which So are Sundays and 7
are national holidays.
Government receipts for the year to
date have been about 25 per cent less
than the corresponding period of last
yea1, while expenditures, on the other
Evening star., 1931-12-13

fiscal year of $sO2, ,7o6,845, and is now
preparing to deal with one of $2,l22,-
oo5,685 in the current fiscal year The
present burden of the American tax
payer Is from State and local levies and
not from those by the Federal Govern
ment In the proposed income tax re-
vision, married persons with net incomes
OF $4,000 would pay tax of $3.50. Sim
gle persons with no dependents are
taxed $15 on net income of $4,000. In
the new British budget enacted last
September married couple with an
earned income of $4,000 is taxed $I4O,
while single person with an earned in
come Of $4,000 pays $l65 of this over
TO the government. In the $1,000 net in
come bracket here, married persons
would be assessed $31 so compared with
S540 in Britain. The $4,000 American
income producers would be assessed
81 ,4o5 against $7,325 imposed on their
British cousins.
So it will be seen that the burden of
the American taxpayer is still light
Then again, he is not likely to wake up
some morning, and, as happened in
Germany this week, find that the gov
ernment has arbitrarily reduced his SAL
airy 10 per cent, his rents, as q land
lord, 10 to Is per cent, and as a bank
err his interest rates by as much as rs
and so per cent.
tconyriEhs. isei.a = Si..sl
Evening star., 1931-12-13
Threats of Economic War
Continue to Obscure
Financial Prospect.
UNCERTAINTY OVER DEBT
CONFERENCES PERSISTS
Political Factors in Germany and
Elsewhere Exert Influence
on Markets.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 12-Cable
ana radio dispatches to The Business
Week give the following survey OF busi-
ness abroad for the week ending TODAY:
Europe.-The immediate prospect of n
tariff war in Europe, uncertainty over
the debt conferences and German re-
action to the dictatorship dominate the
European outlook. Britain and France
are at loggerheads over the tariff.
Central Europe finds it necessary to CO.
operate. Austria and Hungary will be
forced to declare moratoria early next
year. France is building Japanese
friendship. Attention in the coming
week with focus ON events at Basel, Ber-
lin, London and Paris.
Parf3.-Business is contracting. unem-
ployment increasing, unfavorable de-
velopments multiplying The general
trend is indicated by the further 10000
increase in the weeks registered un-
employed, by falling wholesale prices in
spite of rising tariffs, by severely re-
stricted Christmas buying and by
financial paralysis resulting from the
expansion of domestic discounts.
London.-London is frankly worried
TINS week. The causes are numerous.
Outstanding were the continued weak
position of sterling and the growing
realization that January tax demands
are spelling Christmas buying. Looming
In the background was the fear that the
Lancashire textile workers would carry
out their threat to strike January un-
less owners agree not to lengthen hours
and reduce wages. Backed by 200 trade
associations and Haunted from 1000 900
posters, the Buy British" campaign
sun Is holding popular interest and
bringing profitable results.
Beriin.-With internal political tension
nearing the boiling point, and with the
attention of business focused on Basel
and the coming short term parleys in
Berlin, daily announcements of new
failures and losses are spreading de-
spair-Hitler's best ally. Election of
Signor Beneduce to head the experts
meeting at Basel satisfies Germany and
is taken as a good omen. Apart from
further decline in a Majority of the
general business indicators. the weeks
Ill tidings include the announcement of
an operating loss by A. e. G., with sales
off 80 per cent from 1880 totals; q
temporary shut down at the Henschei
Co., the country's largest locomotive
builders: the disastrous effect of the
British tariff on the knitted wear in
dustry, which is largely dependent on
exports to England. Mills are already
sustaining loss of 100000 600 in orders
yearly and have been forced to dismiss
$4,000 men. ...........
Evening star., 1931-12-13
BRITISH TARIFF MOVE.
Government viii Investigate Posi-
bilities of Customs Union.
BY LEONARD J. REID,

Associate Editor of the London Economist.
Special Cable to The Star
LONDON, December 2-Parliament
has adjourned until February 2, giving
the executive division of the govern
ment welcome breathing space for
consideration of many unresolved
problems. ''...,.,...s.
On the prime issue of fiscal policy,
the protectionist pressure, notably from
the steel industry, has been momen-
tarily withstood on the understanding
that the cabinet wiz make a general
pronouncement Of its tariff intentions
on Parliament's resumption, when,
failing evidence that progress has been
made toward an international under
standing which would establish a basis
Tor freer trade, the demands of the
tariff interests are likely to become
irresistible even to the point of
threatening the resignation of non
conservative ministers.
These circumstances have reinforced
the need OF the government to initiate
conversations exploring the support
likely to be given to wide Iow-tariff
customs union. 1t will be desirable
also to prepare the ground for an
international monetary conference Be-
fore this Is done the government must
decide what wholesale price level
would be most appropriate for this
country.
frnnvriobt Tq3f
Evening star., 1931-12-13
Retail Sales Gain
During Week Laid
To Holiday Buying
By the Associated Press.

By the Associated Press.
NEW YORK, December 12.-Retail
sales showed a further improvement
during the past week, according to the
weekly survey by the Fairchild Publi-
cations. Aggregate sales however, con-
tinue below the corresponding period
in 1880. December sales to date show
a decrease of about 10 per cent under
December, 1880, as compared with a
decrease Of Is per cent in November
as compared with November, 1890. The
decrease in retaA prices is estimated
at about 1712 per cent below a year
ago, indicating greater movement
of units
The improvement in sales was due
to holiday sales and more seasonal
weather and also lower prices. Buying
OF wearing apparel has been on a
slightly larger scale than the usual
pre-holiday volume. 1t has also been
influenced by the lower price trend
Retail prices have shown very little
improvement in December. The trend
is still downward.
Evening star., 1931-12-13
GASOLINE CONSUMPTION
DECLARED ON INCREASE
BY the Associated Press

BY the Associated Press.
The Interior Department has been
told that gasoline consumption per
average motor vehicle in use is con-
tinuing to increase despite a decreased
number of vehicles.
The Volunteer Committee on Petro-
leum Economies, which made this re-
port, said the demand for motor fuel
was per cent greater in the third
quarter of this year than in the cor
responding months of 1890.
This condition was brought about in
part, it was said by the increased use
Of taxicabs. The average taxi or stock
automobile converted to hire use" will
consume annually from 10 to is times
as much gasoline as the average private
automobile, it was claimed. The num-
Der Of taxicabs operated In the United
States last Summer was reported as
approximately 100000, as compared
with ll5,000 year ago.
For the nine months from October /,
1881, TO June 80, 1882, the committee
estimated that the domestic motor fuel
demand will amount to 2ae. 900 900 bar
rels, an increase OF l.e~per cent over
the previous corresponding period.
Evening star., 1931-12-13
JUDGE PROVES GOOD DOCTOR"
IN ATTENDING AILING BANKS
Detroit Jurist Advises Insti-
tutions to Confide in Their
DepoSitors.
Has Made Record in ReStor-
ing Financial Health to
His patients"
BY Z. A. BAUMGARTH.
Special Dispatch to The Star,

Special Dispatch to The Star,
DETROIT, December IA doctor
called on his patients one day last
week and found them doing splen-
didly and quite happy. This would
be felicitous experience for any ply
sician, but when the patients happen
to be sick banks-in these timeS-the
matter is more than out of the
ordinary. 1t is astounding.
And still more astounding. because
Of its simplicity, is the prescription.
On each bottle it is printed, not in
pharmacists Latin, but in the plain
est of EngliSh-"Take the depositors
into your confidence"
The doctor is Judge Arthur j. Lacy,
Detroit. His patients now very ro-
bust patients, indeed, despite the blow
the economic depression dealt indus
trial Michigan, are the First State
Bank of Milford, Mich; the First Ma
tional Bank of Rochester, Mich, and
the First-Peoples' State Bank of Ira
verse City, Mich, which Judge Lacy
helped to make out of the First Ma
tional and the Peoples Savings Banks
of that city.
And there are more patients coming
to his Office door
Just here it may be mentioned, to
give it the emphasis due, that Judge
Lacy believes two thirds of five-sixths
OF the banks that have failed in the
United States could have been saved,
Evening star., 1931-12-13
STOCK EXCHANGE SEAT
NOW QUOTED AT S129.OO0

BY the Associated Press
NEW YORK, December 12-Tbe
value of New York Stock Exchanoe
memberships today declined to tha 1owo
est level in six years. Az"
Arrangements were made for the sale
OF seat at sl29,oo0, a drop of Sc Ooo
from the previous sale. T''000
1t was the fourth time this month
that the value OF exchange member
for recent years. December 3 a seat u,as
sold for $4,000, and the following SsD
two memberships sold at s136 ooo enS
Sl35 600, respectively, the lowest since
1925 when the price ranged from sI33
600 to SITE, 600. $780,
T2days sale, however, broke THROUGH
the low for that year and carried he
quotation to the lowest level since 1o3s
when memberships touched 500 0oo
Evening star., 1931-12-13
NEW YORK BANK STOCKS

NEW YORK, December IL (SpeciaD
and trust shares declined TODAY
as selling in this group increased.
Brooklyn Trust at 1877 was Off 3.
Central Hanover 116, off 8: Chase Ma
tional 1855, off rs; Chatham-Phenix
20, off IA; Chemical 1884, off "a; Ma
tional City 39A, off | Empire al. up ::
First National 1850, off 20; Guaranty
255, up /; Irving 17hs, of 7s; Manhat-
tan 29A, off u Manufacturers 3lA, off
u; Title Guaranty g. Trust 68, off /.
The following were unchanged: Bank
ers Trust, so; Commercial, $50; Cont
mental, l5la: Corn Exchange, Sc; New
York Trust, 78.
Evening star., 1931-12-13
TAKES NEW NAME.

NEW YORK, December IL lSpeciaD
Starting with its Forthcoming Janu-
airy issue, Electric Railway Journal will
be known as Transit journal, 1t has Just
been announced here by the McGraw-
Hill Publishing Co. The publication,
which is q monthly, was founded in
1884 as the Street Railway Journal and
was devoted originally to horse-drawn
street osr transportation.
Evening star., 1931-12-13
Tax Selling.
NEW YORK. December ~

NEW YORK, December IL (Special). 4.
The experience of other years has
been that selling to establish tax losses
dries up after the middle of December.
Under the 30-day repurchase clause
there was formerly considerable buy
Ing at the end Of December of stocks
that had been sold In November, The
disposition for the last two years among
holders of stocks has been 10 make ex-
changes rather than to buy back the
issues after deciding to drop them from
their portfolios. There has never been
time when the bond market was
affected by tax. selling TO the extent
that Il Is today. This is also true Of
the market 1or nrsfsyrsd stock&
Evening star., 1931-12-13

without the loss running into hundreds
of millions that has ruined whole COM
munities.
The first bank which called on Judge
Lacy was the First State Bank of Mil
ford. 1t was not unscund, but banks
all around it had begun to slip, ard
panicky feeling was abroad. It's as
sets had become frozen"
Both capital of $25,O 900 and a surplus
OF $4,000 were intact. clause re-
qutring so days notice before with
drawal had been put into effect. how
Continued on Fourth Page)
Evening star., 1931-12-13
Gold Exports $625, 900.

NEW YORK. December IL R.-The
Federal Reserve Bank of New York
today reported exports of gold for the
day amounted to $625, 1000 to Holland.
There were no imports and there was
no net change IN gold ear-marked for
foreign account,
Evening star., 1931-12-13
NEW SALES MARX

A new record for volume of sales =,
fuel oils was made in November bv s,,p-
sidiaries of National Service CoynrSn na
les, total sales for the month hsirc
3,3s4,l2i gallons, an increase of 70 ~
cent over November, 1880, p7i
Evening star., 1931-12-13
COTTON VALUES OFF
UNDER LIQUIDATION
Week End Selling Results in De-
cllnes of 5 to 8 Points.
Close Steady.
By the Associated Press.

5J VIIo HhSOCIated Press.
NEW YORK, December 12-The
cotton market was generally lower today
unoer week end LIQUIDATION and some
local and Southern selling, promoted by
easier Liverpool cables and the unsettled
ruling of the stock market. After SELL
ing of to 6.O2 at the start, January
rallied TO GOT on covering, but later
eased OIL to 5.99 and closed at 500 with
the general market closing barely steady
at net declines of 5 To Q rooints
Evening star., 1931-12-13
EARNINGS REPORTED,

NEW YORK, December IL R)-Per
share earnings of corporations report
ing this week, with comparisons with
last year, include:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-07
Fancy
Pillows
94c

Several different styles of
luStrous fabrics in rich, cheer
full colors. Large size. Filled
with kapok.
Kann's-Street and Fourth Floors.
Seward daily gateway., 1931-09-26
.ss YUKON ENR0UTE ID
 SEWARD WITH FAIR LIST

SEATTLE, Sept. 26. (P-The SS Yukon, of the Alaska Steamship Company, sailed from here for Sew- ard this morning at 9 o'clock. The liner carried 61 passengers includ- ing four steerage.
 Thirteen passengers were booked for Seward and included Elizabeth Former, Mrs. H. Devane, MT. and Mrs Harold Werum, Mrs. w. An derson, Mrs. L. H. Strickland, Dor othy Clements, Lillian Santo, Leona Struve, Mrs. Geo. l. Boyd, Miss V. Laford, Mrs. L. Hardy, Mrs. Byron Elmes, w. Wilson, |. J Lafferty and one steerage.
Seward daily gateway., 1931-09-26
ARMAMENT HOLIDAY
 RECEIVES ENDORSEMENT

GENEVA, Sept. 26, (P)-The Italian proposal of a gentleman's agreement for an immediate one year armament's truce received the endorsement of the United States before the League of Ma tion's asse nbly disarmament committee, but met the opposition of Japan.
 Hugh R. Wilson, American Am bassador to Switzerland and rep resentative of his government in the disarmament committee, an nounced that the United States was ready to accept the plan for the armament's holiday except suspending it's program of de- stroyer construction.
Seward daily gateway., 1931-09-26
WAGE CUT CAUSES
 STOCKS ID SOAR

NEW YORK, Sept, 26, P-Ac- tive stocks scared anywhere from $2 to SIS a share following the announcement of widespread wage cuts by the country's lead ing industrial corporations.
 The boom extended to every department of the list, some of the highest, grade stocks in the board recording the most sweep ing gains. Trading was brisk and at times bouyant. Several times during the day the new high speed ticker was distanced several minutes by deluge of buying orders pouring in on the jubilant floor brokers from all sides. Sales totaled about 3,1OO,OO0 shares.
Seward daily gateway., 1931-09-26
FOREST FIRES BLANKET CALIFORNIA COUNTRY
 IN DENSE FALL SMOKE

SAN FANCIsCO, Sept. 26. (P- Blanketed by a pail of smoke so dense that motorists had to use their headlights at midday, Men docino county was a roaring fur mace of fire Thursday from border to border.
 At least IS known fires were burning in different parts of the county A dozen other fires, be- lieved to have been started by the back fire action of ranchers' fran tic to save their homes, were also burning.
 At Ukiah, cinders ShoWered down in the streets from a fire 20 miles distant. At Vending, 20 miles east of Fort Bragg, population of 2,000 was battling desperately against 8 circle of flame that was creeping upon the town from four sides.
 More than 500 fire fighters were struggling against heavy odds and at the State Forester's office at Sacramento, it was announced that it was impossible to get an estimate of the exact conditions.
Seward daily gateway., 1931-09-26
M0YLE AND ALLEN MUST MAKE 1e00-M|LE HOP
 ID REACH TACOMA

FAIRBANKS, Sept. 26. (P A flight of 1,60O. miles to Tacoma faced Allen and Moyle who expect ed to leave this morning for Ia coma.
 They were unable to take a large enough load of gas aboard at Sol omon Beach. They had only 500 gallons instead of 800.
 The first 400 miles of the flight the weather was good, then cloud banks and freezing weather was encountered. Ice began to form on the wings and when they ran into rain, they came down here. They made the hop in five hours and 20 minutes.
Seward daily gateway., 1931-09-26
.R0DY, J0HANsEN, VEGA
 . ARRIVE IN NEW YORK

NEW YORK, Sept. 26. (P)-Three daring aviators, who attempted to cross the Atlantic ocean, hopping off from Lisbon, Portugal, but who were forced down within about 60 miles of Halifax and were stranded for six days and six nights in their plane, arrived in New York. They came here on Norwegian steamer.
 The aviators were Willy Rody, Christian Johansen and Costa Veiga Rody, the only one who could speak English, said that they stood knee deep in water which came into their land plane, which floated remarkably well in the choppy waters.
 Rody said that they could not have lasted another night from the time they were rescued and he said that any kind of a storm would have spelled their doom.
 Johansen, through an interpre- ter, said that spark plug which started missing, forced the plane down.
Seward daily gateway., 1931-09-26
L|NDBERCH's PLANE WAS SURROUNDED THRONC
 STARVING SUFFERERS

HAWKING, Sept. 26. (P)-A starv- ing throng surrounded Col. ChaS. A. Lindhergh's plane when it landed in the flood waters near Hinghwa, in northern Kiangsu province. For time it was feared the plane would be seriously damaged and even it's occupants harmed by the coming of SampanS, tubs and anything floatable.
 The throng Surged around the plane, snatching at the packages it contained. Hungry members of the group wanted food; they were bitterly disappointed when they learned the plane brought only medical supplies Tn view of the situation, the plane took off and returned to Ranking Mrs. Lind bergh was not along.
 Many of the natives had never seen an airplane closely before and thought it some kind of a mi raculOuS interceSSiOn.
 Lindbergh received China's Avia- ton Medal for Flood Service from President Chiang Kaishek. The medal is of silver and about three inches in diameter. The design is in blue and white colors of the na- tional government and shows a blue airplaneA in the background of a white star.
Seward daily gateway., 1931-09-26

become well known and we'll liked.
 After the reception, the many To- cal friends of Lieut.. and Mrs. Quinn gathered at the dock to bid them adieu on their departure, on the SS Alaska, for a brief honeymoon in Cordova. Lieut.. and Mrs. Quinn plan to return to Seward next Fri day or Saturday and Mrs. Quinn will leave immediately for Seattle. She will be joined there by the Lieutenant, who leaves Seward on the DiScoverer a few days later.