davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-07-17
Last Nights Fights

At New York-Charlie Retzlaff,
Duluth heavyweight, scored tech.
nical kayo over Ralph Ficvcello,
Brooklyn 90. Steve Hamas, New
York heavyweight, scored tech
nical knockout over Sandwina,
Sioux City, Iowa go; Joe Mach.
New York middleweight. scored a
technical kayo over Allie Wolff,
Brooklyn (50
At North Adams, Mass
Frankie Genaro, New York fly
weight, knocked out Routier
PARA, Chile 90.
At Pittsburgh-Jackie Rodgers,
Pittsburgh bantamweight, defeated
Johnny Erickson, New York d0).
The Washington times., 1931-07-17

2Batted for Marberry in seventh.
3Batted for Hayes in ninth.
Slated for Spencer in ninth.
Slated for Hadley In ninth.
IRAN for HargraVe in ninth.
Chicago. ...... 900 1OO2 O-4
WASHINGTON. 1000 coo 3-5
Runs batted in-Manush. FOthergilI,
West, (2). JOlley. Hargrave. Judge.
TwO-base hlts-West. Appling. Three
base hit-West. Home run-J0lley.
Sacrifice hits-SullivaR, Grube. Bases
on balls-On Hadley, I. Struck out
BY Thomas. 3; by MaFberry. 2; by
Hadley, g Hit by pltcher-By Thomas
(CrOnin). Double plays - Hayes to
CrOnin to Kuhel: CrOnln to KuheI
Hits-Off Marberry. 8 In :: off Thomas
Losing pitcher-Thomas. Umpires-
Ormsby, Hildebrand and Van Graflin.
Time Of Eame~k;S1s
The Washington times., 1931-07-17
FOXALL WANTS

F'oxall A. c. wants o game Sun
day with strong unlimited foe.
CAN Manager Harrington after 6
o'clock at Cleveland 4831.
The Washington times., 1931-07-17

xGames behind leader.
YESTERDAYS RESULTS
Boston, 2: Cincinnati. o.
Pittsburgh. ~: Philadelphia. 9.
Chicago. 5: New York. ?.
st. Louis. 5: Brooklyn. 0.
TODAY'S GAMES
Boston at Cincinnati.
Philadelphia at Pittsburgh
New York at Chicago.
Brooklyn at ST. Louis.
HOME Runs YESTERDAY
Gehrlg, Yankees ...,...,...,.,....,
Ruth, Yankees ............,,.....
Mahaffey, Athletics ......,..,...,,,
Jolley, White Sox. NEUTRALITY-SUSPICIOUS..
Ruffing, Yankees ...............,..
Comorosky. Pittsburgh. .......,...... !
Hafey Cardinals ................... ]
Watkins, Cardinals .,.............. l
LEADERS
Gehrig, Yankees ...........,,...... 2S
Klein, PhIll1es .,....,,....... -S
Ruth, Yankees ..........,....,... 22
FoXx. Athletics Observation-Disclosures. IL
Averill. Cleveland .................. IS
LEAGUE TOTALS
National .,.....,..''....' '.......''' "N9
The Washington times., 1931-07-17
That Phantom Fight
Game, Not. That Way
JanrGis, JGn,ais, JGnldis
Age Us. Youth
Miniature Golf
Holding the Bag

We by the papyri the schmeng Carnera fight off
because schmeng has bum eye, what with Willie str1b
ling sticking thumb in it out Cleveland way.
We believed in the first place that fight-the
Schmeng Carnera fight-was We hate to be scotte
but of the most ridiculous matches possible and
Joe Jacobs the big 10 per cent from New York too
smart to match his comparatively newly crowned champion
with the Vast Venetian the biggest freak of the modern
ring
For two reasons the match joke
In the first place what has Carnera done to rate fight
with the champion who proved in Cleveland ne was all
Ehat9
The Washington times., 1931-07-17
Western Clubs Prove Tough
For Eastern Teams
G.. WILLIAMSON
Bv GARRETT WATERS

The Western clubs may have been easy pckngs Tor the
Eastern representatives of the American League
this season. but not the of recent inter
sectional contests are gone for the moment
The Washington times., 1931-07-17
PINCH HITTERS
WASHINGTON

Some out when winning run scored.
3Ran for Fonseca in seventh.
Slated for CRUDE In seventh.
The Washington times., 1931-07-17

one and the second game a
postponed one. And so 1t goes.
The Washington times., 1931-07-17
GRIFFMEN SHOW THEY STILL HAVE FIGHT
Baseball
Standings

XUhncB DeHlnu leHueF.
YESTERDAYS RESULTS
WASHINGTON. 5: Chicago, 4. (sec.
Ond game called account rain.)
st. Louis, 2: Boston, l.
Philadelphia. 5: Detroit, 8.
Cleveland. O.: New York. s.
TODAY'S GAMES
Chicago at WASHINGTON.
st. Louis at Boston.
Detroit at Philadelphia.
Cleveland at New York.
The Washington times., 1931-06-08
CUSTOMS union
PROPOSED

The establishment Of q customs
union among American republics
will be discussed at the fourth
Pan-American Commercial Con-
ference which meets here next
October.
The proposed customs union
has already been advocated by
DR.. Antonio Planet, minister Of
foreign affairs for Chile, and q
leading economist of. South h
America. The statement Of the
Pan.American Union said:
Economic. agreements Of q
regional character have already
been entered into between SeV.
eral American republics. the
Central American states having
led the way in breaking down
barriers to commerce passing
between them as early as 1928.
"a number Of American
states in making commercial
treaties with nOn.American ma
tiOps, apparently have cOntem-
plated the possibility Of special
agreements with countries Of
the American continent"
The Washington times., 1931-06-08

the Republic was announced.
These two banks have combined
deposits of about $3.50, 100000 and
now will be known as the Gen.
tral Republic Bank and Trust
Company.
The consultations give the city
three large banks, the First Ma
tional with resources of 1922, 900,
900, the Continental Illinois Bank
and Trust Company, with re
sources Of $l,122,942,654 said to
be the largest bank in the world
under one roof. and the Central
Trust National Bank. of the Re
public merger with resources Of
$363, 100000. Last nights anal.
carnations caused shifting Of
approximately $1,250,O0O,O00 re-
sources:
An indemnity fund of $12,550,-
600, part subscribed by stock
holders and directors, and $1O.-
OOO,0 advanced, by members Of
the Chicago Clearing House AS
sociation accompanied the trans
fer Of the Foreman Bank deposits
to the First National organization.
guaranteeing it against loss in
liquidation.
Dawes Among COnfereeS
While reports of various group
ings spread about the Loop finan-
cial sector, leaders of Chicago
finance gathered for ConSulta-
tion. Among these were Charles
G. Dawes, ambassador to England.
who is honorary chairman Of the
Central Trust Company and who
founded the bank in 1902. Others
were: George M. Reynolds, chair
man of the Continental Illinois
executive committee and dean Of
Chicago bankers; James B. Nc
Dougal. governor, and Eugene M.
Stevens, chairman of the Chicago
Federal reserve bank: Melvin A.
Traylor, president Of First Ma
tional, and State Auditor oscar
Nelson. 49,.
Six Banks Suspend ....~
Six neighborhood banking in
stitutionS closed their doors, most
of them suspending business pend
ing an examination and possible
adjustment of their affairs.
There were runs of minor di-
menSionS on one or two other
OIItlVin0 hanks
The Washington times., 1931-06-08
FUTURE COTTON
GOES LOWER

NEW YORK, June 8, 1.NsD. .
Future contracts on the New
York cotton exchange went into
new low ground during the fore
noon trading today under heavy
liquidation in distant months by
brokers with japanese conneC-
tionS, commission house and the
Continent.
Large volume selling also came
from spot firms and the South.
The main source Of support came
from the trade on a scale down
and by covering Of shorts. There
was q scattered demand from
Wall Street in distant months.
Cooperative brokers were moder-
ate buyers Of January and March.
After the first early drop prices
recovered somewhat and at mid
day. October sold at $50, off 6,
December at 8.83, off S; January
at S.94, off 6; March at Ola, off
5, and May at 9.32, off S.
Weakness In stocks, favorable
weather. reports, and easier Liver
pool cables continued to be the
ruling factors in cotton. The
lower levels OF that commodity
still does not seem attractive
enough to encourage speculative
and investment support. At pres
ent. trade buying is the markets
principal SUPPORT.
The Washington times., 1931-06-08
MELLON CALLS
S45L,719,450
j. s. NOTES
Billion Dollar Bond Issue
Likely in December as Debt
Totals Over SIC, $780, ,ooo,o 900

Taking advantage Of easy
money conditions, the Treasury
is rapidly developing its program
for rearrangement and consolida-
tion Of the public debt, which at
the end of the current fiscal
year will exceed $16,500, 900, 900.
Secretary Mellon today called
the remaining outstanding S12
per cent notes issued in 1927 and
1923, amounting to $451,7l9,450
for December IS, a year earlier
than the maturity date. In ell
probability there will be a bond
issue of a billion dollars or more
In December. and it was antici'
pated the Treasury would be able
to, float the long-term securities
at rate Of 3 or 31s per cent.
First Liberty Loan
Action in calling the notes was
taken to mean that the First Lib
erty loan of $685. ,531 300. call.
able June Is. 1882, will be re-
deemed at that time unless there
is a material change in money
market conditions. The bulk Of
the First Liberty bears 31a per
cent interest, but there is a block
of $536, ,286, 900 with a AZ per cent
rate.
In October of 1888 the $685..
222, $50 Fourth Liberty, with 4M
per cent rate, is virtually certain
to be called. A reduction Of per
cent on securities that would be
issued to retire rhe Fourth Liberty
would mean a saving Of more
than 2,680,000 in annual tn.
terest. It also is probable sew
eral million dollars in annual in
tereSt may be saved the financing
Of the First Liberty loan.
$500, 100000 Interest
While the public debt will be
increased $500,00O,000 or more
the year ending June 80, and
in all probability during the 1892
fiscal year, refinancing operations
conducted by Mellon since the
period Of easy money beginning
with the winter Of 1929 viii
counteract the effect Of the
larger debt.
Interest on the public debt
will amount to about $500, ,000, 600
this year.
The Washington times., 1931-06-08
Lower Prices to Aid Trade
ReuiUaL, Says Haney

But considerable progress has
been made. Already a laborer can
earn a suit of clothes in a week,
and q pair Of shoes in a day
That is more like the old days.
Must Cut Deeper
Our problem is to get, the prices
Of manufactured products read
justed SO that a larger quantity Of
products can move in trade. At
lower prices larger quantity Of
goods could be boueNt and sold
with the existing amount Of
money and credit.
AS prices come down, the aver
age man will be able to buy as
much as ever, even though his in
come is smaller. Accordingly,
manufacturers will be able to pro-
duce and sell in large volume
again.
This is the way to restore our
prosperity. The lower prive level
now being established will enable
us to produce and enjoy a larger
volume Of commodities, and with
out initiation.
The Washington times., 1931-06-08
Of CRUDE
OILS LOWER

The average price for crude
petroleum in 10 representative
producing fields was lower last
week at 72.6 cents a barrel. COM
pared with $50 cents a barrel the
preceding week. The average for
the corresponding period last year
was $1.46h q barrel, according
to the Oil, Paint and Drug Re.
porter.
Gasoline at the refineries was
also lower last week at 1887
cents a gallon in tankcars at four
principal refining centerS, COM
pared with 1925 cents a gallon
a week ago. The average at this
time last year was 7.45 cents a
gallon. Gasoline at service sta.
tions in 10 representative mar
ketS was unchanged last week
from the preceding week at 1855
cents a gallon. The average a
year ago was G1.15 cents a gallon,
Domestic crude oil production
from January to June 6 was esti.
mated by the above authority at
3S4,014,00O barrels, compared with
$4O6, 10000 during the CORE.
spending period last year,
The Washington times., 1931-06-08
Found
OutcLasSinQ Chains

Increasing evidence becomes
available daily that retail compe-
tition is not so much a matter
of independent stores versus chain
stores as it is efficient stores
against inefficient stores. says the
current Retail Trade Bulletin OF
the Alexander Hamilton Institute.
A study of IS modern grocery
merchants, made by the ProgrEs.
sive Grocer, compared with avail
able figures of 10 chains, shows
what can be done, and what was
done last year. These IS mer-
chants averaged $76,70O sales,
compared with an average per
store of $4,000 for 10 Of the
leading national chains.
The net profit per store for
these independents was $3,O71
(after deducting proprietor'S sal
ary), against $1,S72 for the 10
chains.
Operating expenses dncluding
proprietor'S salary was 1913 per
cent of sales, compared with an
expense per cent for four Of the
chains (the only ones whose fig.
ures were available) Of 17.S per
cent.
The Washington times., 1931-06-08
CHICAGO BANKS
PUT THROUGH
z MERGERS
Institution Dawes Founded
. in One, As First National
Absorbs Foreman in Other

CHICAGO, June 8 QN.SJ .
Two big loop bank mergers we're
completed early today with con.
ferences which started at noon
Saturday.
The First National Bank of
Chicago made the only bid for
the deposits of the Foreman-State
National Bank and the Foreman
State Trust and Savings Bank,
amounting to nearly 100000 900.
Arthur Reynolds, chairman Of the
board Of the Continental Illinois
Bank, announced that the First
National was taking over the busi.
ness Immediately.
Second Group MerGes
An hour later, consolidation Of
the Central Trust Company Of
Illinois and the National Bank Of
The Washington times., 1931-06-08
PRICES ON CURB
TAKE B|GDROP

NEW YORK, June 8 O.N.SO
The curb market gave the appear.
ance Of having been entirely
abandoned by the recent set OF
bull leaders, and with but few ex.
ceptions stocks followed q lazy
but nevertheless definite course
toward lower price levels. In q
dull session today. ... >.
A new crop Of air.pocketS were
uncovered. in the. utility group.
Commonwealth Edison, resuming
its record.breaking pace down.
ward. broke 8 points to Q record
low for the year at 1893. Northern
States Power A was another weak
spot, sinking 3% points to 11Sh.
and Brazilian Traction dipped l1e
points to 13%. The rank and
file Of utility leaders did not do
badly. .....
Declines in such favorites as
Electric Bond and Share; Ameri.
can Gas and Electric, and United
Light and Power held to frac-
tional proportions.
Vacuum Oil was an outstanding
feature in the petroleum group.
advancing 2 points to 33ka. Other
oils were hesitant in tone with
Gulf dipping ia points to 371a,
and Standard Of Indiana and
Standard Of Kentucky easing
fractionally.
insult Utility Investments, re-
flecting the weakness in Com
monwealth Edison, in which it
holds a large interest, dropped
back rather abruptly in the In.
vestment trust list, showing o loss
Of 1A points at 2224. The group
as a whole, showed but slight de.
Walton from closing levels of last
week.
Specialties were lower, with
particular weakness evidenced in
Aluminium which broke Sl1a points
to l04la before recovering. New.
mont Mining off az at Is, Parker
Rustoroof off 3 at SO, and Deere
off IA at 81. Curb bonds backed
and filled narrowly in a quiet day.
The Washington times., 1931-06-08
COTTON
FERT|E|Z|NC
URGED:
Manufacturers Convention at
White Sutph Springs
Is Told Of Experimentation

WHITE SULPHUR SPRINGS,
w. Va, June 8.-Falling prices Of
farm products demand the work
ing out and adoption Of better
methods of farming, H. r. Smalley,
director Of soil improvement work
Of the National Fertilizer Associa-
ton, told the fertilizer manufac-
turerS, who opened their seventh
annual convention here today.
He paid tribute to the United
States Department Of Agriculture
and the State agricultural col.
leges for splendid research and
demonstration programs carried
on for many years, and urged
continued cooperation Of the as
sociation, which he stated, has
been given for a number Of years.
Experiment on Cotton
AS examples, he pointed to the
more than 100 pastdre expert
mentS and nearly 100 pasture
demonstrations that have been
conducted by the fertilizer indus
try during the past two years. He
declared that more than 35 eX-
periments are under way in CO.
operation with the United States
Department of Agriculture and
the State experiment stations to
determine the best methods Of
fertflizing cotton; corn, potatoes
and truck crops. =.
Seventy-five cooperative tests
on side-dressing cotton, he said,
are being conducted throughout
the Southern States.
Discussing the fertilization Of
cotton, the crop on which one
third of all the fertilizer sold in
the United States is used, Ward
H. Sachs, assistant director and
in charge Of soil improvement
work in the South. stated that
there is still much to learn about
the fertilization Of this important
crop.
Present methods may be salts
factory for the quantities Of fer
tilizer now applied, he pointed
out, but they may be very un.
satisfactory when the rate Of fer
tilizing is increased. Many expert
ments conducted in the South.
he said, indicate that the rate
can be increased with much profit
to the farmer.
Change In Methods
The present method, Mr.. Sachs
said. is to- apply the fertilizer be-
meath the. seed. Experiments dur
ing the past two years, however,
indicate that best results may be
obtained by applying the fertilizer
on both sides Of the row. There
are also indications, he pointed
out. that side-dressing with com
plete fertilizer may be more profit
able than the use Of nitrogen
alone.
j. B. Abbott, agronomist and
pasture specialist Of the aSSocia-
tion and a practical dairy farmer
in Vermont, told of the results
that have been obtained in fer.
tilizer experiments conducted by
the fertilizer industry on pastures
during the past three years. He
declared that 80 farmers who
conducted demonstrations on
their farms last year obtained an
average profit of more than $40
an acre from the use Of complete
fertilizer,
The Washington times., 1931-06-08
BY LEWIS HANEY
Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade

ny LEWIS nANEI
Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade
Commission
1t is hard to realize, but we are
actually getting back to pre-war
prices.
The first move in this direction.
came in farm and mine prices
today: the average price that the
farmers get for their chief pro-
ducts Is II per cent lower than
they got in the period l91Ol914.
The only farm products that are
higher are fruits and vegetables.
Even meat animals average q. lit
tie lower than pre-war.
Living. Costs Still High
AS to mine products, we know
zinc is the lowest in 80 years, and
copper touched the lowest price
on record, the other day. Pig iron
is at pre-war levels. ''
Unfortunately the things we
buy have not been reduced pro-
portiopately. Thus the lower
earnings of farmers and miners
are not offset by q correspond
ingly lower cost Of living. OF
course that hurts.
For example, the prices farm
ers receive for their products are
only SO per cent of pre-war levels,
while the prices they pay for
what they buy are about l3l per
cent Of pre-war.
The Washington times., 1931-06-08
Chicago Banks Bare
Reorganization Plan

CHICAGO, June 8 U.SO.
Plans to reorganize the Foreman
State National Bank and the
FOreman-State Trust and Savings
Bank Of Chicago were disclosed
here tonight, following an all-day
conference Of officials.
One proposal called for re-
trenchment Of. the present inSti-
tutionS without altering control.
This was backed with an offer of
100000 in new capital, which
would bring the, total capitaliza-
tion to $25, 10000 Prominent
capitalists behind this offer in
cluded A. D. LaSker, William
Wrigley, jr.,, and John Hertz.
The Washington times., 1931-06-08
James Bruce Joins
Credit Co. Board

The Commercial Credit Com
pany, Baltimore. has announced
election of James Bruce, recently
elected president of Baltimore
Trust Company, as a director.
Mr.. Bruce formerly was vice
president Of Chase National Bank
Of New York, and for several
years has been a director Of Com
mercial Credit Corporation, At.
filiate Of Commercial Credit Com
pany.
The Washington times., 1931-06-08
MANYFROND,C c.
ATTEND BANK
MEETING.
American Banking Institute
Convention Is Opened at
Pittsburgh, to Close Friday

PITTSBURGH, June 8 GN.S0.
About 2,5O0 bankers opened the
twenty-ninth annual convention
Of, the America Institute of, Bank.
g. ing today with serious busi.
ness" held over until tomorrow.
Today's sessions were devoted
chiefly to a get together" pro
gram and were to be climaxeG
with a preliminary meeting d
the executive council tonight.
Washington Delegates
Delegates from Washington. D.
c., are Frank c. Cook, r. Joseph
Donohue, Robert H. Lacey, Rose
L. Royce, Aubrey O. Dooley,
Frank M. Perley, Robert A. Sis
son, Lloyd H. johnson, Ellsworth
Meyer, Joseph J. Fleherty, Ar
thur E. Meade, j. Earle McGeary,
George r. Flemer, Aubrey B. Car.
ter, Richard A. Norris, Paul J.
SeltZer and Walton L. Sanderson.
Income tax problems will be
discussed tomorrow. Other topics
will be business development and
advertising: holding public con-
fidence; trust department &C.
counting; credit investigation
ethics; credit risk of collateral
loans; future Of real estate bonds;
improved banking management
through control of invisible as
sets; credits; mortgage and real
estate problems of a trust de-
partment, and the audit and con.
troll Of the savings department.
Flood Of Oratory
The East and West Coast clash
tomorrow night when Robert L.
Gordon. Harold P. Cunningham
and Murray M. Chotiner, of the
Los Angeles chapter, and Edward
F. Matthews, William K. and
Harry C.. Culshaw, Of Philadel.
phia, will debate the question
whether the States should enact
legislation providing for compul.
sorry insurance to which the EN-.
ployer shall contribute.
Another forensic feature of the
program is the public speaking
contest for the A. p. Giannini
endowment fund prizes, the first
Of which is $500. Contestants
are Walter c., Brinker, Denver !;
, Jesse j. Finn. Albany. John M.
Gordon. Los Angeles; Robert M.
Hoffman. jr.. Chicago: Laurence
: c. Mann, Portland, Oreg.;, r. L.
Neal. jr., San Antonio, Tex; v.
B. Pitts, Wichita, Kans.; j. H.
Spaulding. Chattanooga. Tenn,
and Harold w. Wallgren, Phila.
delphia.
Winner to Broadcast
The winner Of the public speak
ing event will board a train for
New York at the conclusion Of
the contest to broadcast over the
radio Wednesday night.
Election of officers will be an.
nounced Friday morning. The
convention will close with a
grand ball Friday night.
The Washington times., 1931-06-08
SHOE OUTPUT HIGHER

Production of boots and shoes
in April amounted to 29,746,542
pairs as compared with 29, ,363, ,616
pairs in March and $4,000, ,816
pairs in April, 1880, Commerce De.
partment reports from 1892 fac.
tories show. For the period, Jan
uary to April 80. output totalled
1O2, 800 1888 pairs as compared With
l10,058,575 pairs in the CORE.
spending period a year ago. For
the month the increase was / 3
per cent and for the period the de-
crease was ga per cent.
The Washington times., 1931-06-08
Metal Conference
To DrGIr Experts

sixty-five. technical papers are
on the tentative program Of the
annual convention Of the Amer
ican Society for Steel, Treating,
which will be a feature Of the, Ma,
tional Metal Congress and Exposi-
ton in Boston, September 81 to
25. This Is more than a so per
cent increase over the number
presented at the metal congress
held last fall in Chicago.
The Washington times., 1931-06-08
OIL REVENUES Low

Mexico'S April revenue from
petroleum production and expor-
tation taxes was one Of the low.
est on record. according to the
ministry Of finance. The yield
from this source was $29O, sos
pesos, of which 2l9. .4S5 pesos were
from production and the remain.
der from expectation taxes. April
gasoline production levies netted
1.17o.0 .040 pesos.
The Washington times., 1931-06-08
FIRESTONE TIRE CO.

Net profit OF Firestone Tire
and Rubber Company and all
subsidiaries including Firestone
Service Stores for six months
ended April 80, 1881, was $2,90S.|
$50 after depreciation, interest.
Liberian development eXpendi'
lures, Federal taxes, ETC., equiva.
lent after dividend requirements
on 6 per cent preferred stock, to
Sc cents a share on 2,154,S61
shares Of common stock.
The Washington times., 1931-06-08
LATVIAN EXPORTS DOWN

Latvian exports during the first
quarter Of 1881 totaled 33,OOO..
900 latS as compared with S..
900, 900 latS in the same period
of 1880, while imports amounted
to 47,50O, 900 lats and 74,5OO. 900
lats during the first quarters Of
1881 and 1880, respectively.