davidaulloa/AmericanStories huggingface dataset:
The Daily Alaska empire., 1931-09-02
MI is not zyiOisluz'e-pz'OOf
 ceIlOlDkinzle that slitte1's!

As you light a Camel fresh from the Humidor Pack, note how mild and cool and easy it is to your throat. Compare it's fragrant mildness with the bite and burn that comes from the smoke of a stale or dried out cigarette
 Everywhere today people are talking about the new delight they have found in this blend of choicest Turkish and mellowest Virginia tobaccos.
 Remember, Cancels are the only cigarettes in the true Humidor Pack Switch to Cancels for just one day. then quit them tomorrow, if you can. R. J. REYNOLDS TOBACCO COMPANY, \ Winsfon- Salem, Nortb Ca,oIins, U.S.A
The Daily Alaska empire., 1931-09-02

Do NOT be misled by mere shiny wrapper.
 The Camel Humidor Pack should never be con- fused with either the glassine or the ordinary Cellophane wrapping sometimes found on other cigarettes
 Our Hnmidor Paek $ made of moistare-ty proof CeiIob bbane, t0licb eosts nearly tuiee as mncb as ordinary Cellobbane and is air-sealed.
 It is not put there merely to catch the eye but to perform real service to the Camel smoker.
 Because it is both air-sealed and moisture-proof it keeps Camels always in mild, factory-fresh con- dition. It also guards the cigarettes within from contamination by dust or dangerous germs.
The Daily Alaska empire., 1931-09-02
ATTENTION B, P. o, Ellss

Meeting tonight at pm. Spec ial entertainment and BIG FEED All members requesed to be present adv. Entertainment Committee
The Daily Alaska empire., 1931-09-02
GAMES TUESDAY
Pacific Coast League

Pacific Coast League Portland 12; Sacramento 2. Hollywood 6; Los Angeles 10. Mission B. San Francisco 3. Seattle '; Oakland 5, eleven innings.
 National League New York 4; Boston 0.
 American League Boston 3, l. New York II, 5. Washington 5; Philadelphia 1.
The Daily Alaska empire., 1931-09-02

Winton E. Barker, president of the St. Louis Soccer league for nearly 20 years, who resigned last year because of illness, will head the organization again this win- ter.
The Daily Alaska empire., 1931-09-02

Cigarettes in prime condition have a moisture content of about lO%. It will he seen by the Chart that cigarettes in tho ordinary wrapped package lose more than half of their total moisture in thirty days, and that the Camel Humidor Pack delivers cigarettes to you in factory.fresh condition.
The Daily Alaska empire., 1931-09-02
AT THE HOTELS
GaStineau

GaStineau Mary Kolasa, Evelyn Seevers, R. R. Abbott, Capt. R. Drost, Mir and Mrs. s. Barnes, E. J. Bursell, Claude A. McMillion.
 Alaskan 4 J. A. Roberts, Gust Dahl, George Clemens, C.. Takar, w. K. Gweyer, w. s. Pekovich, A. Wesdahl, M Goldbergh, W. Decker.
 Zynda Josephine Tupper
The Daily Alaska empire., 1931-09-02

Pug Rentner, star Northwestern university fullback and forward passer. has broken his right wrist four times.
The Daily Alaska empire., 1931-09-02
MARTHA SOCIETY MEETS

There will be a business meeting of the Martha Society in the Church Parlors at 2 pm. Friday, September 4th. Mrs. Gunnar Blomgren and Mrs. George Baggen will act as hostesses. All members are requested to be present. adv. 
 Old naners st tt,f ~-n,nire offira
The Daily Alaska empire., 1931-09-02

Doanoke (Va.) College will have four North Carolina boys on it's football squad this year.
The Daily Alaska empire., 1931-09-02

the Western amateur championship was closer to than 4. The twelfth is water hole, where anything can happen.
The Daily Alaska empire., 1931-09-02

Old papers at the empire office
The Daily Alaska empire., 1931-09-02

For reservations Phone 456
The Washington times., 1931-09-14
STANDARD oils
To PAY LESS

Cash dividend payments Of the
Standard Oil group of companies
for the third quarter of 1881 will
total $51,263, 1888. against $57,543,-
667 in the second quarter and
$68,271,015 in the third quarter
of 1880, according to figures
compiled by Carl H. Pforsheimer
& Co.
The total for the third quarter
of the present year does not in
clude Prairie Pipe Line Company,
which has not yet taken action
on the dividend for the quarter,
the meeting originally scheduled
for August IS having been post.
poned for lack Of quorum. In
the second quarter of 1881.
Prairie Pipe Line Company paid
cash dividends totaling $3.037.-
500. or IS cents a share on its
4.050.000 shares of $25 par value
capital stock.
The decrease in dividends for
the third quarter reflects also a
reduction in the dividend rate
by Standard Oil of Indiana.
The Washington times., 1931-09-14
USE Of COTTON
Up IN MONTH

The Census Bureau today issued
the following report showing the
number of bales of cotton con.
sumed, on hand, imported and
exported. and active cotton
spindles during August 1881 and
1880, respectively:
Cotton exclusive of linterS:
Consumed during August, total,
425,819 and 352,626.
In cotton growing states, 341,.
542 and 284,035.
Held in consuming establish.
ments. August 81, s39,S5O and
1,014,818.
Held in public storage and at
congresses, 4,426,154 and g..
456.371.
Imported, 1885 and 5,9Ol.
Exported, 211,030 and 366,O36.
Linters-C ons sumo d during
60.729 and 58,105; held in con,
Stunning establishments, 23O,589
and 223,347; held in public stor.
age and at congresses, 1881
and 80,380; exported, 5,244 and
$500.
SpindleS-Number active durine
August, 25,622,526 and 25,814,188
The Washington times., 1931-09-14

today by Benjamin Schwartz,
director general of the Institute
of Scrap Iron and Steel, New
York city, on the basis Of the
first survey ever made of the
scrap iron industry by the Cen
Sus Bureau.
The net sales of wholesale scrap
iron dealers in SO cities of 100000
population and over. amounted to
approximately $28O,00O;OO0 in
1929.
Meet At Pittsburgh
The results of this survey are
expected to be analyzed and in
terpreted at the semi-annual meet
ing of the Institute of Scrap Iron
and Steel, which represents over
80 per cent of the wholesale ton
mage, at Pittsburgh, during Octo-
Der IL, 13, and IA. Several
Washington dealers are expected
to attend.
The increasing Importance of
scrap iron as a raw material in
~the manufacture of steel, it was
stated by Mr.. Schwartz, is evi-
denced by the fact that in 1929
the iron and steel mills and
foundries of this country re-melted
39.12O,989 tons of scrap valued
at $540,576, 500. This includes
all sources of scrap, produced by
the steel mills themselves and
purchased from scrap iron dealers
in the open market.
In Washington there were 10
wholesale establishments dealing
in scrap iron and steel and other
waste materials in 1929. with an
annual payroll of $136,7S1. The
scrap piles on hand at the end
of 1929, in these local establish
ments were valued at $40,4
U. S. Payroll $13,OOO,OOO
In all cities of the United
States of 100000 population and
over. there were 757 wholesale
establishments, with an annual
payroll of approximately $13,0O0,-
600. The stock on hand at the
end of 1929 in all of these whole
sale scrap yards amounted to ap-
proximately 11,500,000.
These figures DO not include
the large number of small junk
yards nor the thousands of scrap
peddlers and collectors who con-
stitute the great collection army
of the scrap industry. behind the
wholesalers, in over 10000 cities,
towns and villages in the United
States.
The number of people employed
in the entire scrap industry, it is
estimated by Mr.. Schwartz, is
over 100000.
The Washington times., 1931-09-14
Orders for Glass
Reported Better

PITTSBURGH, Sept. 14.-Man-
ufacturers of flat glass report a
slight increase in orders booked
during the past week, the Ma.
tional Glass Budget says.
Production is said to be un.
changed from week ago, output
of window glass is not far from
IS per cent of capacity, while
plate glass production is running
close to 40 per cent.
Wage conferences are likely to
take place in the window glass
end of industry within the next
go dayS,
The Washington times., 1931-09-14
FUTURE COTTON
PRICES EASIER

NEW YORK, Sept. IA G.N.SO.
With both crop and trade reports
decidedly against the market, cot
ton futures sold slightly easier
during the forenoon trading to-
day. A further increase in the
volume of hedge selling was noted.
New Orleans. the South and spot
firms sold. Wire houses liquidated
October. There was a moderate
accumulation of price-fixing orders
from the trade. A scattered de-
mand in the distant months came
firm commission houses and Wall
Street.
At midday, October sold at 6.56,
off 4. December, at GIT, off 4.
January, at 6.85, off 5. March.
at 7.06, off 4. May, at 7.22, off
Z. July, at TO, off /.
The Washington times., 1931-09-14
LOWER LEVELS
ON CURB MART

NEW YORK, Sept. IA G.N.S) .
Curb stocks took another sharp
dip to record low ground for the
bear movement today, as a per-
sistent and unyielding selling at,
tack forced the market steadily
lower throughout the forepart of
the session.
Electric Bond and Share was
once more forced to bear the
brunt Of the selling in the utility
group, sinking IA points to 283s,
the lowest level at which this
stock has ever sold. Common
wealth Edison led the high priced
issues down the line with a slump
of 6 points to 17S, while losses
averaging a point were sustained
in American and Foreign Power
warrants, American Gas and
Electric. American Superpower,
Associated Gas and Electric A,
Brazil Traction and Middle West
Utilities.
The speciality group engaged in
a general retreat.
The Washington times., 1931-09-14
Underwood ReOpens
With 2,7OO Workers

HARTFORD, Conn, Sept. II
Underwood-Elliott Fisher Co. re
opened here today with approx
mately 2,7O0 workers, idle during
the summer shutdown. A state,
ment reads:
"The business indications
which prompted this early re-
sumption of activity on the
part of the Underwood Com
pany may truly be the fore.
runner Of a definite upward
curve in the business graph"
The Washington times., 1931-09-14
Westinghouse Book Lin1ns
EmpLoye Welfare

roll receive a total pension Of
$165,OOO a year; $4,000 employees
have on deposit 100000 in the
savings fund; GOT employees have
more than $50O,000 in the Com
pany Building g. Loan ASsocia-
tion.
There are in the Westinghouse
organization 10000 people with
more than 10 years continuous
service, and more than 5000 per
sons whose service record extends
over a period of more than IS
years.
The total cost to the company
has averaged $1,938,352 per an
mum, which is approximately ATS
per cent Of the total payroll.
The Washington times., 1931-09-14
NINE D. {. AETNA
MEN At PARLEY

Paul D. Sleeper. general agent
for the Aetna Life Insurance
Company for Washington and
the State of Virginia and a dele
cation Of his field men left last
night in a special car for New
London. Conn, to attend the
company's international conven-
tion, opening today to run
through Wednesday.
The party included c. C. Mason,
who led all the Aetna's field
statesmen in the United States up
to July; F. N. Stricklin, J. l..
Richards, C. B. Myers, L. E. Har-
ris, H. C. Fisher, L. G. Emmons,
H. B. MCGUIRE and o. L. Jarni-
son. These men qualified to at
tend the conference by having at
tained a high sales quota during
the last year. Their average for
a period of 13 months was $467,-
600.
The conference combines the
third annual "regionaires" get-to-
gether with the general agents
eighth annual conference. It is
the first gathering of Aetna gen.
eral agents and their associates
under one roof.
The occasion is the fields COM
memoration of the completion
and opening of the company's
handsome new home office IN
Hartford. On Wednesday the 500
delegates will visit the building
where a reception will be held
and a special program given.
The Washington times., 1931-09-14
MUTUAL AUGUST
TOP SET HERE

The Washington, agency of
The Mutual Life Insurance Of
New York, comprising the District
Of Columbia, the Shenandoah
Valley of Virginia and southern
Maryland, ha the honor of rank.
ing No. among all the com,
pany's agencies throughout the
United States and Canada for the
month of August, 1881, and ranks
No. 2 for the past IL months.
> Thomas P. Morgan, jr., the
company'S manager here started
as office boy at the age of 16,
and in August, 1881, he com.
pleted 20 years of continuous
service.
Mr.. Morgan has a spacious and
splendidly equipped life office,
furnishing his sales force with a
stenographer for their own use,
also an agency statistician who
solves agents problems as they
arise, and who gets up illustra-
tions. This agency also boasts of
one of the most complete life
insurance libraries in the United
States, and Mr.. Morgan gives
credit to the National Association
of Life Underwriters office in
New York for their assistance in
the selection of books and acting
as purchasing agent.
The Washington office of the
Mutual Life was one of the first
agencies in the District. to sup
port the Life Insurance Club
which is composed of the leading
life underwriters here, in their
fight to eliminate the part time
agent"
The Washington times., 1931-09-14

In a booklet mailed to stock
holders the Westinghouse Electric
& Manufacturing Co. points out
some interesting facts in connec-
ton with industrial relations.
More than $1,000 employees are
covered by group insurance, total
ing $98,000,000; some $4,000, 900
has been paid beneficiaries since
the inception of the insurance
plan; the company has aided TIL
employees in the erection of their
homes. Nearly 1000 employees re-
ceived last year the sum of $780,
900 as relief benefits in addition
to workmen's compensation; 572
employees now on the retirement
The Washington times., 1931-09-14
Mines to Reopen
. And EnapLOH 1900

. The Burnside and Sterling
mines of the Philadelphia and
Reading Coal and Iron Company
will resume work about October
/ as result of an agreement on
wages reached between John
Sharp, general manager of the
company, and Martin Brennan,
president of the District United
Mine Workers. ~.
About 1900 miners will be af.
fected by the reopening order.
The Washington times., 1931-09-14
SECURITY LOAN
VALUE RATIO
SCOFFED
Haney RidicuIes Wall Street
Argument That Lowering
Adds Strength to Market
By LEWIS HANEY


The folly of some of Wall
Streets thinking can hardly be
better illustrated than by its
emphasis of the so-called stock
loan ratio"
On the front page Of a leading
journal yesterday, there appeared
the heading, Loan Pressure
Nearing End-Ratio to Values
Lower" The article went on to
argue that because total known
security loans had declined and
were lower in proportion to
security quotations, the stock
market is in a stronger position.
Theory RidicuIed
The inference was that stock
prices are nearly if not quite
enough, because loans are a
smaller percentage.
Much was made of the fact
that total known security loans
are back to where they were in
1925, while the total value" Of
listed stocks is nearly % per cent
higher. 1t was stated that the
surviving security loans are
therefore so we'll collateraled that
further necessitous liquidations
will be moderate.
This is the old notion that the
higher stocks are marked up the
high brokers loans may safely
be. 1t is like the process of
doubling the "appraisar of an
apartment building and then
issuing more 61a per cent bonds.
Worth True Criterion
You see, the fundamental ques-
ton is: What will the property
earn? What are the stocks really
worth on the basis of earnings
and dividends?
There are some good reasons
for thinking that stocks are not
as a whole worth as much as in
1926. Prices. of commodities are
far lower than then. The volume
of business Is much lower. Of
course, earnings. are smaller.
What is there to support
larger mass of securities at
higher prices?
I am inclined to think that
stock price averages must fall
below the 1925 level. and that
the fact that security loans are
as high as in 1926 shows that
they also are too high.
Comparison FalIaciOus
But the point I would EN-
phasize is the folly of comparing
loans with stock prices in this
way. 1t is putting the cart be-
fore the horse. If stocks are
too high, what difference does
it make whether security loans
are a little lower?
In fact, it may we'll be that
the decline in loans indicates a
reduced supply of funds for
speculative and investment pur-
poses. If looked at in this way,
we may say that the total value
of listed stocks is still too high
compared with the total supply
of credit available for carrying
stocks.
The Washington times., 1931-09-14
EW BUILDING
/. IS DEDICATED
BY CURB
Ceremonies Ater Closing of
Market Today Marks Big
Expansion in Recent Years

Dedication ceremonies attend
ing the opening of the addition
to the New York Curb Exchange
building will take place after the
close of the market to5ay.
William S. Muller, president,
members of the board of COVER
nors, Secretary Eugene r. Tap.
pen and his staff. and practically
the entire regular mem hip
will participate and a large mum.
ber Of officers of other exchanges
and OF banks, trust companies
and industrial organizations will
attend.
Faces Churchyard
The new home located in Trim
lty Place, between. Rector and
Thames Streets, faces Trinity
churchyard. 1t was erected under
the urgent necessity of providing
additional quarters to accommo-
date the growth of it's operations.
When the. Exchange moved into
its original building in the early
summer of 1921, the facilities
were more than sufficient to han
die its daily volume of transac-
tic1e, but, a growth of business
so rapid as to be totally unfore-
seen then, necessitated larger
quarters as we'll as expansion OF
the physical plant to accommo-
date the activities Of all depart
ments.
Latest Mechanism
Accordingly, when. in 1929 the
board of governors determined to
enlarge its quarters, plans and
specifications were drawn for a
building that would provide every
available device to insure speed
and accuracy in the transaction
of its business.
AS a result the trading machin-
cry is now geared to handle the
of business with a
elliott OF G1Iu6 anu
labor and is designed not only to
meet the needs of this period, but
also adequately to take care Of
growth in the years to come.
IA Stories High
The new building, entirely oc-
cupied by the Exchange itself, is
IA stories high. Also, as a pro
lection for the new edifice, the
Hamilton Building, which adjoins
the present structure on Green
wich Street at Thames Street and
which covers an area of 28x119
feet, was purchased a few years
ago to insure further expansion
should the necessity arise.
The Washington times., 1931-09-14
British Trade Off
Sharply for Month

Preliminary figures by the
British Trade Board today showed
British imports for August of $685.
261, 900, compared with f70, $50 900
in July and with f79,905, 900 in
August, 1890.
Exports totaled &29, ,137 900,
against G34,251 900 in July and
E42,776,00 in August, year ago,
while re-exportS amounted to
f3,850.000 in August, against
G4,936,000 in July and &6,342, 900
in August, 1890,
The Washington times., 1931-09-14
ALPHA CEMENT

Alpha Portland Cement Co.
proposes to reduce the stated
value of it's no-par common stock
to $26 a share from $33.94 as at
present. in order to have a
larger part Of the book value of
the stock represented in surplus.
To carry out this change, the
company has notified the New
York Stock Exchange Of it's in
tention to decrease it's common
stock to $1S,486,00O from $24,.
The Washington times., 1931-09-14
Detroit Edison Co.
Plans 2 BUILDINGS

The Detroit Edison Company
this fall will spend $1,070,000 on
its Connors Greek plant and on
a new office in Birmingham,
Mich, Alex. Dow, president, an
nounced, following o, meeting Of
the directors In New York.
The Washington times., 1931-09-14
5-B|LL|ON LOAN
SEEN AS SPUR
To BUILDING
Adoption Of Hearst Plan to
Meet Slump Crisis Urged
BY Construction Magazine

A tacit approval of william
Randolph Hearst's plan to float
a five-billion-dollar bond issue to
turn the tide Of depression back
toward prosperity is expressed In
an editorial in the September
issue Of the Constructor, out this
week. In speaking Of the depreS.
sion, the editorial says. in part:
"One way to do Is to deal
with this emergency exactly e.
war emergencies are dealt with.
Instead of the nation acting On
the basis Of each man for him.
self, collective economic action
is required.
Urges United Attack
This can be done by a united
attack on both the building and
engineering construction fields.
The only query that can be
raised concerns the eventual
cost to governmental agencies,
and to the public. Questions Of
depressing security values BY
authorizing and floating the
bond issues required, may be
real ones hut opinion Is divided.
If real war time financing taC..
tics are followed. the money
now in hiding can be brought
forth to finance the bulk Of the
work,
Securities Safe
"The definite promise or posi-.
tive indications of increase In
business volume will offset any
tendency for security values to
slump in the face of Govern,
ment competition for money.
So the questions really concern
the eventual cost to public
agencies.
IF a foreign foe were ravag.
ing our commerce to the extent
Of per cent of the present
public cost of the depression.
every man and every dollar Of
the nation would be enlisted to
give battle"
The Washington times., 1931-09-14
ALhy War Blamed
In N. Y. ShOOtin0

NEW YORK, Sept. IA 1N.SD
A fight for control of the alcohol
market in Brooklyn was blamed
today by police for the murder of
Joseph Manino. Manino shot to
death in a hallway. was attempt
ing to form a combine and rivals
ordered his death, police said.
The Washington times., 1931-09-14
MEXICAN OIL SURVEY

Structures favorable for the &C
emulation Of petroleum and nat
ural gas exist in an extensive re-
gion Of the southern part Of
Nuevo Leon state and northern
section Of Tamaulipas state, &C
cording to a commission Of the
National Geological Institute,
which examined the zone.
The Washington times., 1931-09-14
Three Curb Change
Seats Change Hands

Arrangements for the sale of
three New York Curb Exchange
memberships at $61,5OO, 100000
and $57,500, respectively, were
made today. The last previous
sale was at $4,000.
The Washington times., 1931-09-14
Trade a1dLabor
Gains Listed

Orders for glass reported
Improved.
Two mines to reopen with
1900 men.
Detroit Edison Co. orders
$1,O70,OO0 buildings.
Underwood Elliott puts g.
700 to work.
L, Cotton consumption up in
August.
The Washington times., 1931-09-14
Securities Safe
BAL LTIM0RE CLEARINGS

Baltimore bank clearings in
week ended September II aRgre.
gated $43,615,716, against ST.
302,96S in the corresponding 1880
week.
The Washington times., 1931-09-14
D. c. SCRAP SALE
S1,122,213
IN YEAR
Census Shows 19 Wholesale
Dealers Here in 1929, With
Annual Payroll Of $136,78

Wholesale and carload dealers
in scrap iron and steel and other
waste materials in Washington
did business amounting to $1,122,-
213, in 1929, it was announced
The Washington times., 1931-09-14
AMERICAN PIANO PROFIT

Statement of American Piar }
Corporation for it's first full fiscal
year ended June 80, 1891, shows
net profit of s42,758 after re-
serves and taxes.
La gaceta., 1931-04-11
LA LEGION AMERICANA
PEDIRA A LA LEGISLA
TURF CREE UNA CONF
SION DE X

E! comite de boxeo de la LIE
gi6n Americana, presidido pc
Cody Fowler, presento aver I'm;
medida a la convention del esta
do recomendando Sc pida a |?
legislature establezca una CO.
mission de boxeo.
Los legionarios votaronkD M
nimemente a favor de Ia mo
|ci6n y cerca de la legi atura Sc
haran gestiones en- ~ sentido.
Una comisi6n SCI nombra-
da por ell nuevo com ndante pa
ra que realize los tn bajos indis
pensables.
Existe ell proposito de que Ia
tributaci6n de las Arenas al es.
tado no sea mayor del 21A%
del producto de los ingresos.
La gaceta., 1931-04-11

Sc alteran las clausulas de SUI
testamento legal?-pregunt6
con cierta inquietud Benito.
No solo sc alteran, sino que
Sc varian por complete; y>de to-
do este deduzco 70 que este es-
critic debio ser confiado a algu-
ma persona, en- cuanto 10 redac-
to Bernaregui al dia siguiente
de testar ante mi, y que esta PEI
soma, o por condici6n expresa
del difunto, o por haberle deja-
do este la election del momento
oportuno de presentarle, ha
aguardado hasta hoy para ha-
cerlo, eonvencido quiza, como
yo 10 estoy, de que es un docu-
mento que para NADIA sirve.
d Pero que dice ese papel?