davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1931-09-11
Old Man Weather
 Turns In a 92
Late Heat Wave Puts City Back in Straw Hats and
 Sun Tan Dresses

shade at 12 o'clock and climbing a point or two more so that at 2 o'clock it exceeded yesterdays high mark. This heat is going to con- tinue, according to the weather bureau which promises "fair and continued warm"
 Yesterday, the mercury ascend ed to 90 and did not budge until six o'clock in the evening when 1t commenced to lower itself a bit.
 The temperature is abnormally high for the middle of September and summer heat is being served to Waterburians in the early fall.
The Waterbury Democrat., 1931-09-11

The thermometer climbed to dizzy heights for a September day, hitting a high mark of 90 In the
The Waterbury Democrat., 1931-09-11
CARD OF THANKs

wish to thank my many friends and neighbors and especially the WstsrS,rrZ ss, Agssn d q unasswssr co bereavement. the death of my be- loved brother Gerald pegnan.
 MRS OSWALD NOE.
The Waterbury Democrat., 1931-09-11
RUN OVER AND KILLED

Bayi, Italy, September 11-(UP) - Giuseppe Massari. I, was run over and killed by a street car here today.
The Waterbury Democrat., 1931-09-11

dianapolis in 1890 said: Somehow my year seems incomplete without a Girl Scout convention"
 Now honorary president of the. organization, Mrs Hoover has been an active worker in Girl Scouting for over eleven years. A former president, she was also chairman of the national board of directors. from which office she resigned in 1928
The Waterbury Democrat., 1931-09-11

TOO LATE TO CLASSIFY " LOST - One bag of laundry in blue bag. Reward. Phone 3-4239-
The Waterbury Democrat., 1931-09-11
CARD or THANKS

We wish to thank our many friends, neighbors and relatives and especially the Waterbury Police Dept, for the kindness and sympa- sny eAs.mps1 snn aseth @ S ns aS ns,r me ,ovin % : mother, Mrs Johanna carmody.
 s' cARMopY FAMILY.
The Waterbury Democrat., 1931-09-11

The funeral of Mrs Mary (Hayes) Vaill will be held from the Mulville funeral home, To west Main street. at S:15 o'clock tomorrow morning to the Imma- cuIate Conception church at 5 o. clock. Burial will bein old St Joseph's cemetery.
The Waterbury Democrat., 1931-09-11

The funeral of Mrs Ezilda Mn. ..n wili he held from the home or her her daughter. Mrs odilan Beian Of 4ss South Main street, at s:S0 o. ciock tomorrow with a requiem high mass in St Ann's church at a o'clock. Burial will be In Cal vary cemetery.
The Waterbury Democrat., 1931-09-11

DIED. MOORE-In this city Sept 1o, lysi Ave. Funeral tomorrow morning at e:15 o'clock to St Margaret,s church. Burial in old St Josephs cemetery.
The Waterbury Democrat., 1931-09-11

Route 3-Kingston north, con struction for eight miles; through
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
BROKER LOAN TOTAL
GAINS $33,OOO,OOO
Long Decline in Borrowings
Ended-Time Loans
Are OF.
special pIspatch to The star.

Special Dispatch to The STAR
NEW YORK, February 1.-THE
weekly statement of the Federal Reserve
on brokers' loans showed an increase Of
$33 100000 to a total Of $1,749, 000, 00C
for the week ended February II, COM
pared with the previous low record Of
$1,716,000,000 established in the week
ended February and with $3,45O,-
600, 900 year ago.
Loans for own account were $1,147,-
100000, against 1,099. 100000 week
ago. Loans for out-of-town banks were
$315 200, 900, contrasted with $318,-
000, 200, and loans for account OF
others were $287, 900 900, compared
with $299,000,000. This weeks in
crease ends a decline of 10 con-
Secutive weeks, with the exception
of the week ended December 81, 1880
when loans increased 100000. De-
mand loans made up 81 1886, 900 900 OF
the total, compared with 81 ,294, 000, 00C
week ago, and time loans were $414,-
100000, contraSted with $422, 900 900
Loans on securities direct to non-brokeI
customers increased $12,000,000 during
the week to $1,903, 100000 compared
with $1,915 900 900 on February 4, the
previous low on the recent move, and
with a recent high on December 81
1880, of SALT ,000, 900.
The New York Federal Reserve Bank
rediScount rate remains at per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
CURB SHARES HOLD
IN NARROW RANGE
Reactionary Trend at Open
ing Is Modified by New
Buying.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, February 14.-Reac-
tionary trends at the opening of the
Curb Exchange today were modified as
the session progressed. Volume, how
ever, remained small
Electric Bond e. Share slightly i'm
proved after an initial decline. as did
American g. Foreign Power, American
Superpower, United Light & Power
"a" and other utility leaders.
A fresh cut in gasoline prices IN the
Midwest did not cause as much I'M
settlement in the oils as has been the
case with similar reductions recently'
The Standard Oil shares generally were
inclined to heaviness. This was true
also of some of the miscellaneous
petroleums, notably small producers.
The omission of the class "A" div1-
dend ON Pennsylvania Gas & Electric
created some caution in dealings in
some of the secondary public utility
securities. Pipe lines in the first hour
virtually ignored the unfavorable earn
ing report.
A gain of almost 2 points in Anglo
Chilean Nitrate was a feature Of the
mining shares. Most of the coppers
were heavy on the expectation that
some shading of copper prices could be
expected unless demand Immediately
picked up. Newmont Mining, one OF
the leading mineral and metal holding
companies, advanced a small fraction
on estimates that its 1880 earnings
would more than cover dividend re-
quirementS.
An upSwing in investment trusts
got under way with a new high reached
by Blue Ridge common. Shenandoah
and Goldman Sachs also showed firm
ing tendencies, but the forward move
ment of this group was at a slower
pace than in recent sessions.
A decline of a point in Niles Bemont
Pond was the widest price swing in
the aviation list. Pennroad was viz
tually the only railroad to appear and
most of the time it was unchanged.
Tchnicolor and General Theaters Equip
ment, preferred were the only active
amusements.
Textile shares. especially hosiery
manufacturers, displayed some weak
ness, as a result of publication Of earn
ings reports. The decline in raw COM
modities, particularly silk, caused heavy
losses in inventories.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
COPPER AND STEEL
NBETTER DEMAND
Business World Considers
Pickup in Sales as
Good Sign.
BY BRADLEY w. TRENT.

Special Dispatch to The Star.
NEW YORK, February Hooper
and steel have figured prominently In
recent trade news and both have en-
couraged the business world by attract
ing increased demand. Copper bettered
its price position as the steel industry
expanded operations.
The price advance Of copper was the
immediate result Of foreign and domes-
tic buying, which was based on an Inn
provement In statistics, notably de-
creases in production and stocks on
hand. Steel mills operated at higher
rates because orders from a diversified
group Of industries, especially automo-
bile, agricultural equipment, road ma
chinery and machine tool manufac-
turers, showed slight gain.
Price Trends.
Although the business world viewed
these developments In metals with sat-
isfaction, the more critical observers
were not slow to point out that copper
stocks are at their highest levels since
the well remembered postwar glut OF
the red metal and the price structures
In finished steel and pig iron showed
some evidences of weakening.
These two business barometerS are
not blessed with eff1cient marketing
methods. When general business picks
up copper and steel are in demand and
their prices soar, but the reverse Il
true as trade tapers With the excep.
ton Of the work Of the Copper and
Brass Research Association, whose &C.
Invites have been beneficial, the copper
industry has developed few new uses
and has been lax In its marketing or
ganization.
A study Of price trends shows that
copper usually Is in greatest demand
when its quotations are high. Some Of
the largest buyers however. showed &
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
SMALL INSTITUTIONS LEAD :
NU. S. GROUP BANK SYSTEMS
Minnesota Has Largest Number of Units,
Says Financial Expert-Contact Agent
Used In Organization.

These facts are presented as o result
of a survey, conducted by the writer,
Of so of the largest groups, controlling
resources of about $1,000, 000,0 900. If
this survey may be assumed to be rep
resentative, less than 3 per cent of the
executive officers of affiliated banks have
been released subsequent to acquisition.
Personnel Retained.
The group organizations are anxious
to retain the cooperation Of the people
and keep the personnel contacts with
local officers, so business will not be
lost to some other bank. A wholesale
displacement of personnel, particularly
in small communities where the perSo-
nal relationship is stressed, would OBJ
viously be suicidal.
The group form of organization Is
claimed by some to be peculiarly
adapted to American conditions, In lieu
of extensive, 1egalized branch banking
as 1t offers the advantage of maintain
ing local independence and local con-
facts through the maintenance OF the
individuality of all the constituent
banks and their separate boards of di-
rectors and at the same time provides
the strength and supplementary facili-
poration. The latter appears to be en-
tirely supplementary; It does not sup
plant.
In addition to the conventional saw
ingS and commercial services, group
bank members in smaller communities
make available to their customers trust
investment and foreign services on q
par with those afforded by the largest
metropolitan banks. Summed up in Q
few words, the potential advantages OF
bank holding corporation over the
unit bank are those to be derived from
large-scale operations, the benefits Of q
number Of experienced bankers working
together, q broader scope in the fUnc-
tons of the holding company itself, 9
wider and more stabilized market fol
its stock and the additional strength
and protection to each individual banl
and its depositors which may be az
forded by the combined resources oi
the entire organization.
Future Possibilities.
Their success may mean the virtua.
Superseding in some sections of thu
country of the independent unit bank.
ing system by number of afiliatet
and far-reaching group banking organi.
zations, or it may mean the breaking
down OF opposition to branch banking
as the lesser of two evils in those
States where multiple banking is con.
sidered an evil, on the theory that TIT
branch bank system, being a mort
closely knit financial structure and no.
subject to the disadvantages of grouI
banking, Is relatively desirable.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
CANADIAN FOREIGN
TRADE IN DECREASE
Drop of $593, 2s1, 900 Shown for
10 Months in Bureau Of
Statistics Report.
BY the Associated Press.

BY the Associated Press
OTTAWA, February 14.-Canada's
total foreign trade for the IL months
ending December 81, 1890, was $685.
281 900 lower than the same period in
1929, the Dominion Bureau Of Stats
tics revealed today.
Imports into Canada fell from 81 ,2o8,-
992, 900 in 1929 to 81 ,008, ATS, 900 in 1880
and exports dwindled from $1,2O6,-
338, 600 to 1905, $4,000.
OF the total imports in 1880, $780,
614, 900 came from Great Britain and
$685., 1910 from the United States.
The corresponding figures in 1929 were
$197, TT, 900 and 1898, 585 900. The fig-
ureS showed that the United States
suffered more in q trade sense than
Great Britain.
In 1929 Canadian goods to the value
of 1921 1881 900 were shopped to Great
Britain, but in 1880 the volume was
1926, 527, 900. Canadian merchandise
sold in the United States in 1929 had q
value of $545, 1923 900 and In 1890 ex-
ports to that country were $412, 126, 600.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14

disposition to balk at 20-cent copper
back in 1929, with the result that mil
lions Of dollars worth Of construction
work was delayed until the red metal
reached reasonable levels
The hardness of the copper industry
In pushing research and its practice OF
maintaining high prices for finished
articles containing only small portion
Of the metal allowed aluminium and
various metallic combines to compete
with 1t. One Of the curious facts about
copper Is that today the secret of the
ancientS-that Of tempering the metal
remains unSolved. Copper thusNloSes to
steel and other metals the whole field
Of cutlery.
Research Work.
Research work in the steel industry
has moved at q Snail.s pace. The use
of chromium was discovered as early as
1889. Faraday in 1922 emphasized the
resistance Of chromium to corrosion by
ACIDS. Bunsen in 1854 again brought
out the valuable properties Of chromium
But it was 1912 before Berley and
'Haines brought out stainless steel and
1922 before stainless iron became q
commercial reality.
Because the steel trade took about
100 years to discover commercially the
value Of scientific research, the automo-
tive industry did not get to use nickel
chromium alloys until 1919 or 1920
Some time ago the National Research
Council estimated that the chemistry
industry was spending at the rate of 2
per cent Of its invested capital year
on research. The steel industry was
spending about .04 per cent Of its In
vested capital on research. Steel, OF
course, has been progressive in its pro-
duction methods.
Within recent months some of the
production executives Of both the cop
per and steel industries have displayed
greater interest in scientific research
and in marketing. Judging by the re.
marks Of high officials In both indus
tries, laboratories In these trades soon
may become as eff1cient as those In
chemistry. Technical MERCHANDISING may
also become as important as it is In the
autOmotive industry.
Copyright, 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
EMPLOYEES GET 1884, 562
IN DIVIDENDS IN YEAR
Special Dispatch to The star,

0pcCAdI OlSpdICu TO 4ne SbaEs p
NEW YORK, February 14.-Nearly
million dollars in prof1t-sharing
dividends was paid or credited during
the year 1880 to employees of the Proctor
& Gamble Co. located in plants and
offices throughout the United States
and Canada, according to an announce
ment made today by company officials.
The exact amount, $984,562 is the
largest ever distributed among the
workers as their share of the COM
pany's profits for a single year, and
represents almost 100000 more than
was paid In prof1t-sharing dividends In
1929. Over half of the amount paid
this year or 1881 900 was paid to en-
ployes in the Cincinnati area.
The employees, under the profit
sharing plan, either own outright, or
have subscribed for 333,599 shares Of
the company's common stock, having q
market value today of over $23, 900, 900.
Dividend day is being celebrated to-
day by all of the plants in Cincinnati,
New York, Kansas City, st. Louis and
Hamilton, Ontario.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14

A study completed during the early
part of 1881 of 1900 banks belonging
to groups shows that 81 per cent have
resources of less than 81 ,000,0 says
@. T. Cartinhour of the department of
banking and finance, New York Uni
versity, in the current issue of the
Bankers Monthly Magazine. 1t appears,
therefore, that the group bank move
ment is primarily a movement which Is
bringing relatively small banks together.
Considering the movement with re-
Spect to the various geographical sec
tons of the country, 1t appears that the
largest percentage Of relatively small
banks in such systems Is found In the
Western States. Over II per cent of the
banks covered by the compilation for
this region have resources of less than
81 ,O00,0 900. Other sections rank as fol-
lows: Southern States, 81 per cent; Pa
cif1c States, 81 per cent, and Middle
Western States, SO per cent The de-
velopment in this respect is less notice
able in the East and New England,
where banking is supported by greater
capital accumulation.
The comparatively large proportion
of banks with resources over $4,000, 900
affiliated with groups is due to the fact
that every system of Importance Is as
ISOLATED with at least one large metro
politan bank.
It appears that the largest percentage
of small banks in group systems is
found in Oklahoma. Over SO per cent
of such banks have resources under
$1,000,000. Other States rank as follows,
on a percentage basis: Iowa, 79; North
Dakota, 70: Texas, 20; South Dakota,
20; Kansas, SO, and Minnesota, sc. The
percentage shown for Minnesota is very
significant since this State has the
largest number of group systems in the
country.
Officers Not Replaced.
The contention that the group plan
results in a substantial displacement
of executive officers appears to be in
correct. Under the typical plan of or
ganiZation each bank continues to oper-
ate as separate unit under the man.
agement of its local officers and direc-
tors. The central MANAGEMENT or GEN.
trail advisory board or committee US
ually maintains contacts between the
member banks of the group and the
central bank or holding company by
having at least one officer of the parent
bank on the board of each afiliate
bank and one vice president assigned
exclusively as a contact agent with the
local management Of each bank. This
official SuperviSes operating methods
and obtains for each affiliate the aid Of
any department of the parent organi-
zation. The central Office also exercises
its supervision through periodical re.
ports of condition, regular examina-
tons and the adoption of tested stand
ards.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
WHOLESALE PRICES
INCREASE SLIGHTLY
Textiles Advance, but Gains Are
Offset by Losses in Many
Other Groups.

The weekly wholesale price index Of
The National Fertilizer Association, based
on 476 quotations, declined eight frac-
tional points during the week ended
February Z. During the preceding week
the index number declined i've frac-
tional points. The index number now
stands Rt 76.4 compared with 77.2 for
the preceding week and 1913 for the cor
responding week a year ago.
OF the IA groups comprising the in
dex, one advanced, declined and 2
showed no change during the latest week.
The group Of textiles advanced slightly.
Fats and oils, foods, grains, feeds and
live stock, building materials, metals
and miscellaneous commodities declined.
Thirty-two commodity prices declined
during the latest week and eight adj
vanced. Lard, butter, eggs, pork. cattle,
sheep, lambs, copper, lead, brick, lum-
Der, hides, coffee and rubber prices were
lower. Cotton, burlap, corn, oats, wheat
and tin prices advanced slightly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
Chesapeake Bank.

BALTIMORE. February II (Spe-
ciaI "A priority suit against the as
sets of the Chesapeake Bank was filed
in Circuit Court by the Public Indem-
nifty Co.
The petition alleges ! the company
held depository bond of $4,000 COW
ering a deposit of $40,153 of State
fed by John M Dennis, State treas
urer, that the bank was in receivers
hands the indemnity company paid
the State of Maryland the sum Of
S20,066. it was pointed out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
ARGENTINA's EXPORTS.

BUENoS AIRES, February IA Dr.
The value of Argentina's exports
dropped 1858 per cent in January, 1881,
as compared with January, 1880, the
governments statistical of1ce reported
yesterday. The actual tonnage shipped
out of the country showed an increase
Of 21.4 per cent.
The january, 1891, exports were
valued in today's report at 54,352,000
gold pesos approximately $33, SIC, 000)
as compared with the January, 1880,
figures of 74,263, 900 gold pesos Zap
proximately $50, 246,0 00).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
Bond Issue Awarded.

BALTIMORE, February IA (Spe-
Arundel County CMd.) Az per cent
school bonds was awarded to q
banking group composed Of Chase
Securities Corporation, New York; Bal
timore Co., John P. Baer & Co., and
Colston, Head g. Middendorf, all of
this city, on high bid of 40 per
cent basis and was regarded as good
price for the securities. Nine bids were
submitted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
CHICAGO DAIRY MARKET.

CHICAGO, February IA (R.-Butter
Receipts, 1888 tubs; firm; creamery,
extras (92 score), 81; standards 600
score, carlots). 1854; extra f1rsts (90-91
score), 251sa26; f1rsts $3.50 score) 4,
251aa25; seconds (86-87 score), 1914 aga.
Eggs-Receipts, 14,384 cases; steady;
prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
W., B. & A. DEFICIT.

BALTIMORE, February IA Especially -
The Washington Baltimore g. Annapolis
Electric Railroad Co., including its SUBJ
salaries, the Annapolis & Chesapeake
Bay Power Co., the Terminal Real Es-
tate Co. of Baltimore City and the
Maryland Development g. Realty Co.
Of Anne Arundel Co., had an operat-
ing deficit for the year 1880 of $685.
O02.26, according to consolidated in
come statement issued at the annual
meeting held here yesterday. The road
has been in receiyership since Janu-
arY q
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
NEW YORK COTTON

NEW YORK, February IA (Special)
Though cotton prices touched high
levels of the week during early trad
ing today, the market ran into week
end profit taking and Southern SELL
ing at the higher level and setback
left the list to 8 points lower than
Friday.
Mill price fixing based on March
maintained a very steady tone and
March closed with loss of over 8
points on the day, compared with a
decline of points in January. Spots
were reduced points to 1895.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
Public Service Corporation Of
New Jersey.

Because of the Importance of the
territory it serves, as well as its long
record of profitable operation, the Sc
curities of the Public Service Corpora
ton of New Jersey have long occupied
a prominent place in the utility field.
The corporations direct funded indebt-
edneSs Is comparatively small, but the
subsidiaries have large obligations out
standing, all of which, however, as far
as they are assumed or guaranteed by
the parent company, are high-grade in
VeStmertS.
One of the most interesting issues in
cluded in the former classification is the
perpetual Understanding 6 per cent
certificates. These have no maturity
date and although secured only by
stock have the credit of the Public
Service behind them. In recent mar
kets they have sold to yield well over 5
per cent, an attractive return for an in
vestment Of that grade. One drawback
is the comparative market inactivity,
but that is of little importance to those
who buy for long term holding.
The Public Service Corporation has
four issues of preferred stock, paying
S, 6, and per cent dividends, re-
Spectively. They are all non-callable,
an important advantage in times OF ad-
Vancing prices for fiXed-rate invest
ments. They all have equal claim on
earnings, but the per cent preferred,
as a matter of right, shares in any Of
fer extended to common stockholders to
subscribe new capital, whether in bonds
or in stocks.
Public Service common stock fluc-
tuates in market price over a wide
range. From the high of 1929, which
was over, $137 a share, it sold down to
low of $54. In 1880 the spread was
not quite so wide, but even then there
were almost so points between the high
and the low.
The present dividend rate on the
common is $40 share annually. In
1929 earnings available for disburSe-
ments on the junior stock were $500 a
share, not large margin, but sufficient.
The accounts for 1890 are not available
at this writing. For the first nine
months of the year there was only a
negligible falling of from the same
period in the preceding year, but in the
last three months gross and net showed
some effect of the business depression.
In normal times the common stock is
entitled to an investment rating.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-14
New Financing Planned.

NEW YORK, February IL (R.-At
the annual meeting Of stockholders Of
the Pennsylvania Railroad the Ques-
ton Of authorizing an increase of In
debtedness Of the company, to be made
when and as prescribed by the dtrec.
tors, VIII be presented for action.