davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-07-20

Southwest and conditions there
have been better than in the
Southeast, largely because there
was no drought here last year.
Then, too, early fruit and vege-
table crops brought good deal
Of cash and a bumper wheat
crop (cheaply raised) promised
great things.
Boom Seemed Near
st. Louis is great shoe town,
and, down to the middle Of May,
the shoe industry was humming.
Probably no other industry did
so we'll this spring.
Finally. the recent spell Of very
hot weather (Which I can assure
you is still on brought a rush for
lightweight clothing of all kinds
aid electric fans, which greatly
helped retail trade.
Two months ago, business was
perking up here.
Then, in May, the shoe busi-
ness began to round off, as sales
slowed up.
Wheat Starts Slump
The wheat market began to act
suspiciously. Building operations
reacted. Automobile production
and sales began to slip,
Already, by May and early
June. the trend of commerce and
industry in the Missouri, Arkan-
sas, and southern Illinois territory
was showing a slightly declining
trend.
Now, in mid-July, comes the
veritable collapse of wheat prices,
Oaklahoma and north Texas
wheat farmers are getting only
about 80 cents a bushel for that
which cost them between 80 and
As cents to produce.
Farmers in Debt
Wheat is the great cash crop
in large sections in and around
this district. To get out of debt,
the farmers need a good wheat
market. But it now looks as If
their purchasing power will be
reduced three or four hundred
million dollars.
Moreover, if anything like the
usual differential between wheat
and corn is established, corn will
have to sell considerably lower.
So the wheat situation is a
threat to business in st. Louis
territory, and is one reason why
hopes of recovery here are being
deferred. In addition, I have to
report that nearly all important
June figures point downward.
Turn Seen Distant
A prominent wholesaler is look
ing for a pickup next spring. A
banker expects it in 18 months.
But the one thing all agree on is
that the outlook seems highly un-
certain.
AS one man puts 1t, they are
playing their cards close to their
chests in st. Louis.
The Washington times., 1931-07-20

aid to old subscribers.
The public stock purchasing
plan was started in 1922. The
terms then were $40 down and
$40 a month. Early in 1929 these
were raised to $25 down and $40
monthly and later in that year
to $50 down and $40 a month.
Many Applications
The extent to which the public
has taken advantage Of the plan
may be seen in the fact that in
1929 there were $1,000 applica-
tions for $4,000 shares Of stock
and last year $1,000 applications
for $4,000 shares.
Applications this year have
been running lower, but the new
plan is expected to stimulate
these. Stock is purchased in the
open market, the applicant get,
ting the closing price on the day
Of application.
The Washington times., 1931-07-20
CENTRAL ADDS
z DIRECTORS

Central Public Service Corpora
ton, operators of the Washing
ton Gas Light Company, has in
creased it's directorate from II to
13 members, adding George E.
Devendorf and Harold E. Wood.
Mr.. Devendorf is vice president
and member of the executive
committee of the Public Utility
Holding Corporation Of America.
Mr.. Wood was recently elected
president of Albert E. Peirce &
Co.
At meeting of directors OF
the Central Public Service Com
pany in Chicago all officers were
reelected for the ensuing year.
The Central Gas & Electric Co.
and the Southern Cities Public
Utility Company, subsidiaries, also
reelected all officers.
The Washington times., 1931-07-20
westinghouse
EARNINGS UP

Westinghouse Electric & Manu-
featuring Co., reports for quarter
ended June 80, 1881, net profit of
1926, ,604 after depreciation, EN-.
ployeS service annuities, Federal
taxes. ETC.. equal after allowing
for dividend requirements on the
z per cent preferred stock to 80
cents a share (par 500 on 1885,.
BAL shares Of common stock.
This compares with net loss Of
$2,885, ,945 in preceding quarter
and net profit of $3,81O.744, or
SLAB share on 2,663,315 COM
bined preferred and common
stock in the second quarter Of
1890.
Net loss for six months ended
June 80, 1881. was $1.959, ,341
after taxes and charges, compar-
ing with net profit Of $8,357 1862.
or $3.13 a share on the combined
preferred and common stocks in
the first half of previous year.
Both stocks share equally after
2 per cent per annum has been
paid on the common.
The Washington times., 1931-07-20
LOAN To RUSSIA
IS ADVISED

Everything possible to enhance
the material well-being Of the
Russian people should be done
by the United States in an effort
to fight communism, in the opin-
ion of j. H. Lewis, OF Goodbody
g. Co., which has offices in the
Southern Building here. He con-
tends that any progress made
in Russia today will prove fatal
to communistic ideals.
Nothing will be accomplished
by those who refuse to sell goods
to Russia, he declares, as a trade
thirsty" Europe will not adhere
to such a policy and the oppor-
tunity will be lost to enter and
foster a market of tremendous
possibilities. He said:
"There is a prevalent ten
dency among business men of
this country to either exagge-
rate the Importance of the COM
munistic experiment in Russia
or to ignore it entirely. The
very progress that is being
made in Russia today will be
the undOing of cOmmunistic
ideas. The best way to fight
communism is to encourage and
do everything possible to en-.
hance the material and spiritual
wellbeing of the people under
the cOmmuniStic regime.
"The more prosperous, the
more enlightened Russia be-
comes, the quicker will COM
munistic ideas be forgotten"
The Washington times., 1931-07-20
7 TRADE
DEMAND GOOD

NEW YORK. July 20 0.N.SO
The New York cotton market
again showed powers of resist
ance during the forenoon trading
today. Trading was only moder'
ate, and liquidation, even where
it was comparatively heavy, was
we'll taken. There was a steady
demand from the trade and the
shorts covered quickly at times.
At midday, July sold at 9.27,
up Is, october at 9.57 up IL,
December at 9.81. up IL, January
at 9.92, up IL, March at 1910,
up 9, and May at 1890, up 13.
There was some disturbing talk
from Southern Texas about the
Weevil, and also complaints about
too much rain in that section.
On the whole, however, crop con
ditionS over the entire belt was
considered as favorable.
The market appeared to be
awaiting the result Of the confer
ence of statesmen in London to-
day as to what can be done to
rehabilitate the finances of Ger
many. The concensus of opin-
ion is that a favorable settle
ment may induce new buying.
Washington heard q report
that there is cooperative plan
to hold the cotton now in sea-
sonal pools until the price levels
reach a level where sales may be
made to yield growers a return
above the 80 per cent advanced
to most of them when they de-
ivered their cotton.
The Washington times., 1931-07-20
June Cotton Export
HiQher Than in 1880

Exports of cotton during June
totaled 255, 900 bales against 1885,
600 bales in June, 1880, and $780,
600 bales in May Of this year, &C
cording to the Department Of
Commerce. This is the fifth
month these exports registered an
increase over the corresponding
month of 1880.
Cotton exports in June we're
valued at $13,443,000 compared
with $15,503,0 900 in June of last
year and $l8,825. 900 in May.
The Washington times., 1931-07-20
N. Y. Stock Average
DiDs Little in Week

The market value of so rep
resentative stocks listed on the
New York Stock Exchange at the
close of the week ended Satur-
day, July 18, 1881, was $16,504,-
921 1903, a decrease Of $83, ,427 SOB.
or approximately s. per cent
under the value of $16,588, ,348, ,9O6
at the close of the preceding
week, according to a compilation
by Paul H. Davis & Co.
This compares with $24, ,770,-
494,677, the value Of the shares
at the close of the corresponding
week in 1890.
The Washington times., 1931-07-20
c. & D. NET TOPS
JUNE YEAR AGO

RICHMOND July 20.-The
gross revenue, net railway operat-
ing income and net income Of
the Chesapeake and Ohio Rail
way Company, together with
operating ratio, are shown in the
statement of operations for the
month of June, 1881, report sent
to the Interstate Commerce Com
mission.
Gross revenues for the month
were $1O,495, 700, a decrease OF
$86O,507 over June of last year;
operating expenses were $6,044.-
471, a decrease of $1,127,041, as
compared with June of last year;
net railway operating income was
$3,567 .889, an increase of 1858, 798
over June Of last year.
The net income, after all
charges for the month of June,
1881. was $2,788,787, an increase
of $67,616 over June of last year.
The operating ratio is 57.6 per
cent, compared with 63.1 per
cent for June of last year, or a
decrease of SIS per cent.
For the six months ended June
30, 1881, the Chesapeake and
Ohio shows gross revenues of
$50, 9,O09, ,7O1, a decrease of $9,087.
366. Operating expenses were
$37, ,943,7 ,756, a decrease of $7,144,-
SGT. Net operating income was
$15,93O,511, a decrease of $2,4O1,-
1913.
Net income, after all charges,
is $l1,867, $50, a decrease of $3,-
O98,578, compared with cores
ponding period of 1880. The
operating ratio for the period is
64.3 per cent, a decrease Of 1.9
per cent, as compared with the
The Washington times., 1931-07-20
DeLUWGre Aviation
Reports Net Gains

The Aviation Corporation OF
Delaware and subsidiaries report
net loss for the six months ended
June 30, 1881, of $729, ,480, as
compared with a loss Of 1885,
BIT for the like period in 1880.
The six months period showed
a profit from operations, before
depreciation, of $39,621, as COM
pared with a loss in the cor
responding 1880 period Of $685.
O76. Loss after depreciation
amounted to $601,029, as COM
pared to $1,784,87S in the first
six months Of the preceding year.
The Washington times., 1931-07-20
FIELD BUILDING
COST To TOTAL
: S11,000,000
Contract Awarded for Huge
Chicago Structure to Give
Employment to $500 Men

CHICAGO, July 20.-Contracts
for the erection of the new 43.
story Marshall Field office build.
ing at La Sale, Adams and Clark
StS., have been awarded to
George A. Fuller Co., subsidiary Of
U. S. Realty & Improvement Co.
The general contract involves
an expenditure of approximately
$11. 1000, 900.
This project will give employ.
ment to about $500 men in this
territory, a third on actual con.
sfructiOn and some 5000 more in
shops and mills producing
material.
Clearing of the site will begin
November / and involves the rag
ing of five buildings.
On April IA, 1884, both sections
of the new structure and the
tower surmounting them will be
completed and ready for oc-
cupancy.
Fourteen floors of the first Sec
ton, however, will be ready for
occupancy August /, 1882. The
other floors of the first section
will be ready for use in spring
of 1888.
The Washington times., 1931-07-20
LOWER PRICES
! FIGURE IN DIP
Of EXPORTS
New York Leads As Foreign
, Trade Center, But Texas
Is Neck.and.Neck Second

Two-thirds of the $3,7S1 ,O00, ZOO
exports from the United States in
1880 originated in IL States. while
nearly $2,OO0,OO0,0OO of all for
eign shipments were from New
York, Texas, California, Pennsyl'
vania and Illinois, according to
figures at the Commerce Depart.
ment today.
New York led with $685., 800, 900,
q loss of $261 100000 from the
year before. Texas was closer
competitor for first honors than
in 1929, with $506, ,083. 900. a drop
Of $151. 100000. California. with
$304,876, 900. showed a loss of
$4,000, 600: Pennsylvania $273,,
637, 900, a $67, 7,000,0 900 loss. and II.
linois $200,909, 900, a decline Of
$38,000,0 900.
Price Drop q Factor
The reduction in the value Of
eOtal exports for the country from
1929 was $1,376,OOO,OOO. The de-
cline was due more to decreasing
prices than q drop in the volume
Of commodities SHIPPED abroad.
This was articularly true of
Texas, whose exports included
cotton, valued at more than
S3O1, 100000.
Exports from other leading
States we're:
New Jersey, $186, $40 900; Michi.
gan, $184 1853, 900; Ohio, $165,557,-
600; Louisiana, $151,971, 900; Mas
sachusetts, 500, ,583 900; Washing
ton, $50. .667 900; North Carolina,
$81 ,356, 900.
Commodities Shipped
Commodities forming the lead
ing exports from the principal
foreign trade States included:
New York-Electrical machin-
cry copper and manufactures,
cotton cloth, duck and tire fabric,
and wheat flour.
Texas -Unmanufactured cotton,
gasoline, wheat, and Illuminating
oil.
California-Gasoline, unmanu-
featured cotton, Illuminating oil,
and gas and fuel oil.
Observation-Disclosures oil,
bituminous coal, anthracite. auto
mobile parts, and iron and steel
products.
Illinois-Wheel tractors, lard,
tracklaying tractors, and indus
trial machinery and parts.
New Jersey-Copper and manu-
factures. lubricating oil, automo-
bile parts and lard.
Autos and Parts
Michigan - Passenger automo-
biles, automobile parts, motor
trucks, buses and chassis, and
office equipment.
Ohio-Rubber tires, iron and
steel plates, industrial machinery
and parts, and motor trucks and
busses.
Louisiana - UnmanufactVred
cotton, gasoline, Illuminating oil,
and rice.
Massachusetts - Upper leather,
patent upper leather, razor
blades. and rubber tires.
Washington - Refined copper,
boards. planks and scantlings,
wheat flour, and boxed apples.
North Carolina-Leaf tobacco,
manufactured cotton, cigar
cites, cotton cloth, duck and tire
fabric.
The Washington times., 1931-07-20
Summer Apparel
Demand Is Better

Expanding demand for sum
mer wearing apparel has been
evident during the greater part
of the past month, as the result
of more seasonable weather, in
creasing confidence on the part
of consumers and aggressive
merchandising efforts, says the
Standard Statistics Company, OF
New York, in a current survey,
which continues:
''In fact, some Of the more
strongly units report that June
and early July sales were ma.
terially larger than a year ago,
both in actual physical volume
and dollar value"
The Washington times., 1931-07-20
Shoe Production
Still at HiUh Rate

Shoe production continued at
a high rate in June, according
to preliminary estimates prepared
today by the New York Hide Elk,
change, which placed last months
production at 27,000,000 pairs as
compared with 23,9O0,O 900 in June,
1880, an increase Of approximate.
ly 13 per cent.
Production Of shoes for the
first six months of 1881 totaled
15s,759,000 pairs, against 15s,475,.
600 during the corresponding
period Of 1880, an increase of
II per cent.
The Washington times., 1931-07-20
Loft Reports Solid
Gain for Half Year

Loft, Inc, reports a net profit
from operations after deprecia-
ton and amortization for the six
months ending June 80, amount
ing to $219,005.28 as compared
to a net loss of $3.50, ,971 .04 for the
same period of 1880.
Loft sales for the first six
months increased $2,681,911, and
the Loft stores served 3.046,280
more customers during the first
six months this year than during
the same period of 1890.
The Washington times., 1931-07-20
Freight Cars in Use
Increased bH 2O,O73

American railroads put 20,073
Of its surplus freight cars into
use during the week ended July
7, it was announced yesterday
by the American Railway Associa-
ton.
On June 80 the roads had
sos, ,2S2 surplus cars in good con-
dition, but on July z that num-
ber had been cut to $4,000.
OF the 20,073 cars put back
into service, 1881 were box cars,
498 coal cars and 1876 stock cars.
The number of idle refrigerator
cars increased 800 during the
week.
The Washington times., 1931-07-20
CeLOter Reports
Increased Profit

Notwithstanding the current re-
duced volume of sales as compared
with a year ago, operations Of the
Celotex Company during the past
three months have shown a sub
stantial profit, it was reported by
B. G. Dahlberg, president.
This was chiefly accomplished
by operating economies.
The Washington times., 1931-07-20
SOUTHERN ALKALI PLANS

The Southern Alkan Corp. has
exercised options on $40 acres Of
land near Corpus Christi, Tex,
for its projected SIC, ,00O, 900 chem
ical manufacturing plant. there,
according to H. S. s. Wherrett,
president of the Pittsburgh Plate
Glass Co., which. along with
American Cyanamid Co. Of New
York, controls the Alkali Corpo-
ration.
The Washington times., 1931-07-20
OIL PRODUCTION LOWER

Petroleum production in Mexico
according to preliminary June
production estimates of the pc
troleum department of the Minis
try Of Industry, Commerce and
Labor, totaled 2,96O,495 barrels,
worth commercially 6,094, ,329
pesos. The departments recti-
fled figures place May produc-
ton at 3,08O.603 barrels, with
commercial value of 6,339,211
pesos.
The Washington times., 1931-07-20
Big Gain in Wheat
And Flour Exports

Wheat, including flour, exports
from the United States and Can.
ada for the week ending July Is,
reported to BradStreet's today,
aggregated 5,827 ,682 bushels last
week and 6,759,113 bushels in
the like week a year ago.
Corn exports for the week were
1854 bushels, against 4,696
bushels last week and 1896
bushels in the like week a year
The Washington times., 1931-07-20
Profits of Banks
DrOD 49 Per Cent

Indicated net profits of IS of
the leading New York city banks
and trusts companies in the first
six months of 1881 were 49 per
cent less than in the correspond
ing period last year, after ap-
preparations for reserves, it was
announced yesterday by Moody S
Investors Service.
The Washington times., 1931-07-20
ZONITE PRODUCTS

Consolidated income account of
zonite Products Corp. and sub
sidiaries for quarter ended June
80, 1881, follows: Operating pro-
fit 1854 ,496; interest $14O; de-
probation $18,624: federal taxes
$29, ,955; net profit $215,777.
The Washington times., 1931-07-20
AMERICAN STORES SALES

Sales of American Stores Com
pany for four weeks and six
months ended June 80, 1881, with
out consideration Of change in
number of stores during the year,
compare as follows: Four weeks
ended June 80, $40, ,93S, ,7O6. against
$10,950,2 ,2O7 in 1880. Six months
ended June 80, $69. .49O, ,3O1,
against $71,538,496 in 1880.
The Washington times., 1931-07-20
Soft Coal Output
UD, Anthracite Oft

BituminouS coal production in
the United States amounted to
6 ,667 900 tons for the week ended
July II, an increase of 7O6, 900
tons, or 11.8 per cent. over the
previous week, the Bureau Of
Mines announced today.
The Washington times., 1931-07-20
TIMKEN VACATION

Plants of Timken Roller Bear
ing Co. will be shut down from
july Is to July 20 for the regu-
lar summer vacation.
The Washington times., 1931-07-20

Eleven days left to file your per.
sOnal tax return. Persons In busi-
ness in the District should return
not only their bank account, but
also any accounts or notes re.
ceivable, and any other intangible
property to their credit on July
!, 1891. =
The Washington times., 1931-07-20
1881 PINEAPPLE PACK

Revised estimate Of the 1891
pineapple pack indicates a de.
cline of about 100000 cases
from the original unofficial esti-
mate of 100000 cases.
The Washington times., 1931-07-20
St. LOUIS HOPES
APPEAR LONG
DEFERRED
Crash in Wheat Prices Ended
Incipient Summer Boom in
Business, Haney Discovers
BY LEWIS HANEY

BY LEWIS HANEY
Director New York University
Bureau Of Business Research
ST. LOUIS, July 20.-1n ST..
Louis we get a picture Of hope
deferred.
This city is the gateway to the
The Washington times., 1931-07-20
Cheerful News
Items Today

Delaware Aviation Co. re-
ports higher earnings.
CelOtex firm profits are
increased.
Exports Of wheat and flour
show continued gain.
Westinghouse earnings up
nearly $4,OOO,OOO.
The Washington times., 1931-07-20
Financial News Stocks Bonds Commodities and CONNIE,
New York Bond Market
Fractions represent S2nds
1911 means IOI 1888
United states

United states
Liberty 3hs 'S2-'47.
Liberty LIST 4hs.....
Liberty 4th 44s.....
Treasury 4ks 47-'52.
Treasury Is 'i4-'54.
Treasury ASS '43-47,
Treasury 3hs .......
The Waterbury Democrat., 1931-01-05
The Evidence
 Not Sufficient
Judge McGrath Discharges Man Charged With Reck=
 less Driving

Slippery pavements rather than reckless driving was the alibi offer ed in police court this. morning in the case of Leonard Dias. A. of 53G Baldwin street who was arrested following an accident on Thomaston avenue in which two machines were badly damaged Das was accused Of crashing into a machine operat ed by Thomas Sacherm Thomas ton. q
 It was the claim of the state that Dias was travelling too rapidly and vas inclined to hog" the road. The accused claimed that he was driving reasonably, but the crash was dI. to the fact that his machine skiddcd and before he could bring 1t under control again, the accident occurred.
 Judge Juhn F. McGrath found no evidence to hold the accused and ordered his discharge, remarkiag that 1t was apparently Il case for the civil and not the criminal courts.
 A nolle was entered in the case of Mark J. Scars of Fort Hill avenue, accused of passing q standing troi- ley car. Davir Ltsky. @. of IA Kingsbury street failed to clear h.s sidewalk of snow and ice and was obliged to pay the usual tribute of s2.
The Waterbury Democrat., 1931-01-05

Figures in the report of the em- ployment committee hit new high mark this afternoon when. at a meet iLg in the mayors office of the relief body, it was disclosed in a report rendered by Chairman William M. Harris that at the present time 1,- 892 perso are receiving aid through the medium of the central organiza- tion. This figure Is far in excess of the original estimate and even that of the secondary report and indicates that the relief committee Is facing q greater emergency than 1t first esti- mated against.
 The street department alone is us- ing 624 znen, distributed as follows: Walnut street extensions, 231 full time men and 2G0 part time men; Pearl Lake road, 59 full time men and 2 part time men; Plank road. e full time men and 15 part time men.
 In the park department the men are being used as follows: Lakewood Park, 145 full time men, 24 part part time men; Hamilton and Chase Parks. 23 full time men and part time men; Fulton Park, 80 full time men and A part time men: and Washington Park. 120 full time men and 19 part time men.
 The central employment office is using 27 full time and part time men Investigating cases. In addition there are 30 full time men and 4 part time men on a Mill Plain job, 5l full time and : part time men On the St Johns Park lot, 14 full time and part time men at the Isolation hospital, full time and 22 part time at the Waterbury hospital, 5 full time men at St Mary's hos pital. 16 full time and part time men at the Mattatuck forest and IT women, full time. and 19 women, part time, at the clothing depart ment of the relief committee.
 There are DOW 288 persons on the
 promised" list of the unemploy- ment committees files. it was stated today.
 In addition, 23 more persons were put to work today by the relief com IIittoe
The Waterbury Democrat., 1931-01-05
WATERVuLE

All rooms of Sprague grammar schoo; resumed sessions this morning following the annual Christmas re- cess which started on December 24th. During the absence of the principal, Mrs Jennie c. Phillips. who IS i'll. Miss Mary Congdon, the assistant principal, will be in charge.
 Board Meeting.
 The official board of Grace Meth odist church will hold it's regular monthly business meeting at the church parlors at s o'clock this evening.
 QuOits.
 St Paul's Episcopal church quoit team will play the Bunker Hill team at St Paurs House morrow evening in n regular Church Quoit league match. The game will start at 500 o'clock The Grace Methodist team has no games scheduled for this week.
 Mrs Phillips III in Hospital.
 Mrs Jennie G. Phillips, principal of Sprague grammar school, Is a pa tient at the Waterbury hospital. She was admitted to the hospital on Sat urday and is reported to be suffering an attack of pneumonia. Her con dition is said to be satisfactory.
 Cocker Funeral Yesterday.
 The funeral services for Mrs Sarah Cocker, widow of John Cocker of 1 Wheeler street. took place at the Lunny funeral home on Central avenue, Waterbury, yesterday after noon at o'clock. They were con ducted by Rev Samuel A. Buddc vicar of Christ chapel. Waterbury and former rector of St PauPs Episcopal church of Waterville. The burial was in the Middlebury ceme- tery beside her husband, whose death occurred in 1929.