davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-04-27

NEW ORLEANS, April 81
GN.SO.-The New Orleans spot
cotton market was quiet. with no
improvement in volume Of buying
during the past week. Prices for
the most part were easier. with
a firmer undertone toward the
end of the week.
Such demands as there were
came mainly from the domestic
mills, although they have taken
mostly small lots. Weekend fig
ures were more favorable than
they have been. for several
months.
Spinner Buy More
For the fourth time this sea-
son, spinners took more cotton
than during the corresponding
week last year, which brought a
sharp reduction in the visible
supply.
The worlds visible supply Of all
kinds decreased 17l,000 bales as
compared with g decrease of 1885,
600 bales of last year and one Of
The Washington times., 1931-04-27
COTTON MART
IS ACTIVE

NEW YORK, April 81 GN.S).
Active trading took place through
out the forenoon of today's cot
ton market, with opening losses
being slightly extended over the
early part of the session. May
broke through the 10-cent level
to sel at 9.99, equaling the low
price of the year, recorded on
April 10. Liquidation in steady
volume took place with prices oft
Z to 8 points at first call, when
Liverpool cables were S to z
English points lower than due.
Quotations for Egyptian and In
dian cotton were also slightly
lower. At midday, May sold at
9.99, off 9; July at 1925, off 8;
October at 1852, off 8; December
at 1896, off Z: January at 1926,
off 9, and March at lib, off 8.
Commission houses were heavy
sellers, especially of July, while
Southern selling of the new crop
decreased. Liverpool and the con-
tinent sold on a downward scale.
There was a scattered demand
from Wall Street in distant
months, while the local and pro-
fessional traders made covering
purchases.
The Washington times., 1931-04-27
CHICAGO LIVESTOCK

Hogs-Receipts, $4,000; market $50
Csc higher. Top $3.50; bulk, $3.50
diumweight, $7@7.5O; lightweight. $3.50
075O; light lights, S7.35@750: pack.
ing sows, $5.5O@6.1O; pigs. $6.65@
7.35. Holdovers, 1900.
Cattle-Receipts, 81 900: m a k Z
steady to 25c lower. Calves-Receipts,
@,OOO market steady. Beef steers
Good and choice $S.75@9.75: common
and medium, $55OGs; yearlnss, 500
1925. Butcher cattle-Heifers, $5@9;
cows, s45O@6; bulls, $S.50@6; calves.
sGW9; feeder steers, $3.50 YS; stocker
steers $5.50GS; stocker cows ana
heifers. $4.5O67.
sheep-Reccipts, $4,000. market weak
10 Csc lower. Medium and choice
lambs. s9m96O: culls and common.
s7@S: yearlings, $7@S.50; common ana
choice ewes, $1GS75; feeder lambs.
$76S.50.
The Washington times., 1931-04-27
KLEIN To SPEAK
To COUNCIL

o. K. Davis, secretary Of the
National Foreign Trade Council,
announcing the program Of the
Eighteenth National Foreign
Trade Convention in New York
May 27, 2S and 20, pointed out
today that while the volume of
exports has fallen off by about
Is per cent since the beginning
of 1880. total manufactured pro-
duction has diminished in that
period by more than IS per cent.
The result is that the proportion
of sales abroad is now close to
IL per cent of production, com
pared with the average of
about 8 per cent for the three
years previous.
Among the speakers announced
for the meeting is DR.. Julius
Klein, Assistant Secretary of
Commerce. James A. Farrell,
chairman of the council and
president of the U. S. Steel Cor
poration, will open the conven-
tion with an address on The
Foreign Trade Outlook"
John L. Merrill, president of
the Pan-American Society, will
preside over the Latin American
session, which will include spokes.
men from Argentina, Mexico and
Peru. The operation of the much
discussed Webb law for export
corporations will be analyzed by
representatives of three indus
trial groups selling products
abroad under its conditions: C.
E. Guest, of the U. S. Rubber Ex-
port Co., Ltd; E. V. Gent, of the
Zinc Export Association, and F. A.
Colt, of the Textile Export AS
soclatlon of the U. S.
Delegates have registered from
30 States and territories and l2
foreign countries and the largest
attendance since the conventions
were started, in 1914, is antici-
pated.
The Washington times., 1931-04-27
Hershey Chocolate
Quarter Profit Up

Hershey Chocolate Corporation
and affiliated corporations for
the quarter ended March 81 re-
ports net income of $2,670. .730
after reserve for inventory fluc-
tuations, Federal taxes. etc, as
compared with $2,320,218 in the
first quarter of last year.
Net profit for the quarter was
equal, after allowing for partici-
pating provisions of the 81 pre-
ferred, to $2.95 a share on 706,-
$40 shares of common.
The Washington times., 1931-04-27
AVERAGE CRUDE
PRICE DROPS

The average price of crude pc
troleum in 10 representative fields
was lower last week at $40 cents
a barrel compared with S7.4 cents
in the preceding week. The
average last year was $1.5O5 a
barrel, according to the Oil, Paint
and Drug Reporter.
Gasoline at the refineries was
slightly lower last week at ATS
cents a gallon compared with
4.e37 cents in the preceding week
and 7.53 cents at this time last
year. Gasoline at service stations
in 10 representative markets was
also lower last week at an aver
age Of 1855 cents compared with
1885 cents a week ago. and 22.9O
cents at this time a year ago.
Domestic crude oil production
from January l to April 25. as
estimated by the above authority,
was 251 ,270,0OO barrels compared
with 297, ,925,OO0 barrels in the
corresponding period Of 1880.
The Washington times., 1931-04-27
DEFENDS
SHIP PROGRAM

Critics of the building program
of the American merchant marine,
who seem to regard with dis
favor" its present-day growth,
were answered today by the
Shipping Board in a statement
denying this country has contrib
uted to a world surplus of some
100000 gross tons Of merchant
ships.
The world surplus. the board
said, is due to the worldwide de-
preston, but the modest" build
ing program thus far accom-
plished is necessary for American
needs. This calls for approx
mately 10 ships of about SOC, 900
act of 1928, an average of eight
years under the merchant marine
act of 1928, an average Of 8 or 8
or nine ships q year.
The board reported this country
has led the world in scrapping
ships, and the Government scrap
ping program alone amounted to
nearly 100000 tons since 1922,
when there was q surplus of 49,
100000 tons.
The board declared that the
United States is the greatest ex-
porting nation in the world, and,
as a consequence, its present
building program, in order to hold
this position, lis a necessary and
an honorable aspiration"
The Washington times., 1931-04-27
JOBS SITUATION
IMPROVES IN
MARCH
FNe-Day Week, Department
Of Labor Reports, Eliminates
Layoff on Public Projects

Some improvement in emrNcy.
ment conditions through the
United States registered during
March, according to the current
issue of the Industrial Employ
ment Information Bulletin, pub
lished today by the Department
Of Labor.
This gain in the country at
large was reflected in Washing
ton, where conditions are de-
scribed as ION a fairly Satisfac-
tory level"
Lay.Off Eliminated
Mention is made Of the plac-
ing Of employees on public works
on Q five-day working basis, thus
eliminating the necessity of lay
ing off workers.
The surplus of labor here is
described as including skilled and
unskilled workers, clerical and
professional help, and white and
colored domestics.
A slight seasonal increase in
the number of salespeople, hotel
and restaurant workers employed
was also, noted, but the demand
Is declared to be far below nor
NAL for this season of the year.
Weather Favorable
The report concludes:
Favorable weather permitted
progress on many private, pub
lie and Federal building prof
ects; however, the volume Of
this work was not sufficient to
absorb all the resident crafts
men. Permits recently issued
call for the expenditure of
S2,654,3OO
The Washington times., 1931-04-27
CHANGE POSTS
WEST AND CO.

NEW YORK, April 27 GN.SJ.
Announcement was made from
the rostrum of the New York
Stock Exchange today that West
and Company had been suspend
ed for insolvency.
West and Company had exten-
sive connections in Pennsylvania.
They have offices in Altoona,
Harrisburg, Johnstown, Lancaster,
Philadelphia, Pottsville, Reading,
WilliamSport and York.
Partners in the firm were Will
liam West, Harry C. Trayer, Will
liam w. Watson, jr., J. West,
Rulon Cooper, Hugh R. Partridge,
Charles B. Wiggin, Howard W.
Hunter, Samuel Cochran Finnell.
Charles Sheridan and Bryce
Blynn.
The Washington times., 1931-04-27
Financial Nes Stocks Bonds Commodities and CONNER
Shake-Out Due In Utilities,
Economist Declares

current yields and price-earnings
ratios we're disregarded.
Now the utilities have probably
been affected by this notion more
than any other group of stocks.
Their prices still reflect large
amount of discounting future
earnings, on the assumption that
the trend will be pretty sharply
upward. You cannot justify their
low current yields in any other
way.
When Uptrend Halts
But now we find utility earn
ings per share ceasing to rise.
They have held up relatively well.
Any declines have been relatively
small. However. they are no
longer showing an uptrend.
The greater the assumption Of
q continuous rising trend in earn
ings, the more serious becomes
even small decline in earnings.
Even if utility earnings per
share were going to hold up with
no change, that would be just as
bearish as a considerable decline
in the earnings of companies
whose stocks had been more con-
servatively priced.
Moreover, in the case of utili-
ties the assumption of increasing
earnings per share is subject to
doubt on account of regulation
possibilities. Right or wrong,
Government regulation is bound
to be a factor and the political
situation is too unsettled to be
very sure. Evidences of agitation
in this direction has not been
lacking.
The Washington times., 1931-04-27
so Chicago Stocks
DrOn 6.62 Per Cent

CHICAGO, April 27.-Fifty rep
resentative stocks traded on the
Chicago Stock Exchange during
the week ended April 25 had a
market value of $2,207, ,13l,455 at
the close of business Saturday,
as compared with $2,363, ,677 ,511
at the close of the previous
week, according to a compilation
by Paul H. Davis & Co. This
represents a decrease of $780,
546,O56, or 6.62 per cent.
Paul H. Davis & Co.'s analysis
shows that the market value Of
$2,2O7,131,4 ,455 for these so stocks
on Saturday compares with $3,-
576, ,1O3,584 for the same stocks
on April 26, 1880. This is de-
crease during the year Of $780,
972,129, or 1928 per cent.
The Washington times., 1931-04-27
By LEWIS HANEY

Director NeD York University,
Bureau of Business Research
and Former Economist OF
Federal Trade Commission
I am asked why I am skeptical
about the prices for utility stocks.
It is not because I have any
thing against the utility industry.
Our great power and light and
communication companies con.
stitute a basic industry.
But the price Of their stocks is
another matter.
To begin with, you will remem.
ber that the utilities as a group
led the last wild wave of specula
ton in the summer of 1929.
Again in February, this year,
they were the leading group in
the speculative mark-up of prices.
Thus it is pretty clear that
such speculative excesSes have to
be corrected. It seems logical
to figure that the ring leaders
will have to take their share of
the medicine.
Hold "New Era" Plea
But my main reason for doubt.
ing some of the present prices in
this group is that they still appear
to reflect the New Era" basis of
valuation. The New Era idea was
that earnings per share were 60
ing to increase indefinitely, and
that We could therefore discount
such an increase. AS a result,
The Washington times., 1931-04-27
EATON,
STEEL MERGER
FOE, QUITS
Cleveland Financier, Leader
in Bethlehem Fight, Leaves
Continental Shares Board

NEW YORK, April q UN.SJ.
Announcement was made today
of the resignation of Cyrus
Eaton, Cleveland financier and a
prominent figure in the steel,
rubber and public utility indus
tries. from the Craftsmanship of
Continental Shares, Inc, and OF
w. r. Burwell as president of the
156,000,000 investment trust. M.
j. Mandelbaum and Philip Wick.
directors, also retired. =
At the same time, Otis and
Company, the New York Stock
Exchange house which had been
associated with Eaton in several
enterprises, in an official state
ment, announced the segregation
of its investment from its COM
mission business.
Bankers Take Hold
All of the brokerage activities
were to be turned over to E.
Pierce and Company, while Otis
and Company in continuing it's
membership in the stock ex-
change will operate hereafter in
an investment capacity only.
The new personnel includes w.
M. Baldwin, president of the
Union Trust Company: Harris
Creech, president of the Cleve.
land Trust Company; J. Arthur
House, president of the Guardian
Trust Company, and C. E. Sui
livan, chairman of the Central
United National Bank. Together
with George T. Bishop, J. A. Had.
den and H. B. Stewart. who were
elected to the board few
months ago, they constitute the
full directorate.
Continental shares was
organized more than five years
ago, and its policy has been to
concentrate its investments i'm
basic industries. Recently the com.
pany acquired control of the
United Light and Power Com.
pany, a S5OO,OOO,OOO enterprise
serving 5,5OO,OOO people in 10
States.
Fought Steel Merger
At the end of last year Cont.
mental had an investment of So.
100000 in the rubber business,
mostly in the Goodyear Tire and
Rubber Company.
Mr. Eaton, regarded as one Of
the most successful capitalists in
the Middle West, came into ma.
tional prominence by his opposi-
tion to the Bethlehem. Youngs-
town Sheet and Tube merger.
The Washington times., 1931-04-27
Store Door Delivery
To Boost Rail Rates

Store-door delivery will ad-
versely affect railroad earning
power unless rates are advanced
to absob the increased costs, in
the opinion of j. H. Lewis, Of
Goodbody & Company, who ana"
lyzes the door-to-door service in
augurated by II Southwestern
railroads on, March 10 last, with
the idea Of holding their present
Lei. traffic and increasing it in
the face of truck competition.
He says:
"Our calculations indicate
that nearly six times as much
l. - traffic as now hOndIed
will have to be secured by the
Southwestern roads before the
cost Of this new dOOr-to-doOr
service with the same freight
rate will pay for itself. 1t does
not seem possible"
The Washington times., 1931-04-27
Oils and Greases
Are Priced LOuUer

Quotations on animal, vegetable,
and fish oils, fats and greases
had a downward trend during the
week ended April 90. according
to the Oil, Paint, and Drug Re
porter.
The index number of prices as
computed by that publication was
91.3. as compared with 91.6 a
week earlier, 91.9 a month ago,
and 1862 last year. Trade was
quiet.
The Washington times., 1931-04-27
Decreased Capacity
For Steel CASTINGS

A decline of nearly three-quar-
ters of one per cent in our total
capacity for production Of steel
castings IS reported by American
Iron and Steel Institute. The
drop is from 2,097 1895 tons De-
cember 81, 1929, to 2,083, ,085 tons
one year later.
Electric and crucible steel Ca
pacity and that for basic open
hearth steel advanced. BesSemer
capacity and that for acid open
hearth steel were reduced.
The Washington times., 1931-04-27
February Imports
Of Auto Parts Gain

February imports of automotive
products amounted to $52,614 as
compared with $39,163 in jan
uary, according to the automo-
tive division, Bureau of Foreign
and Domestic Commerce.
The actual number of units
was lower, being 36 in February
and 40 during the previous month,
but the current months total
carried valuation of $4,000 as
against SIS, 5,474 for January. Bodies
and parts were only slightly higher
in February.
The Washington times., 1931-04-27
5O Representative
". Y. Stocks Decline

NEW YORK, April 27.-The
market value Of so representative
stocks on the New York Stock Ex-
change at the close of the week
ended Saturday. April 25, was
$I7' 'I69,976. a decrease of $1,524,-
1923, ,602, or approximately ais
per cent, under the value of $18,-
6S3 3'553.57S, at the close Of the
preceding week, according to a
compilation by Paul H. Davis g.
Co, members Of the New York
Stock Exchange.
Ihls compares with $27, ,759, ,l29.-
SO2, the value of the shares at the
close OF the corresponding week
The Washington times., 1931-04-27
Industry Capacity
So Per Cent Used

Only SO per cent. of the pro-
duction capacity of the country's
industrial corporations is utilized
at the present time, it is revealed
in an industrial survey conducted
by Campbell, Peterson & Co.,
Inc. and based on the individual
analyses Of several hundred man
utacturing executives throughout
the country.
In support of this, three-fourths
OF those questioned declared con-
clusively that new products could
be introduced into existing manu-
featuring plants without excessive
investment in additional machin-
cry.
The Washington times., 1931-04-27
CLOTH ,MAcKET

NEW YORK. April 27 INsD
Coarse yarn gray cloth markets
were quiet today. The price situ.
alton continued to show an easy
tendency, Some called attention
to substantial business available
somewhat below current market
levels, but buyers on the whole
were not disposed to bid for goods
at levels very near those cur.
rently ruling. Print cloths showed
very little change. either in mar
row or wide descriptions. There
were a number of downward re-
visions Of h cents noted in sheet
ing uotations. Carded broad.
cloths were quiet and substantially
unchanged and minor readjust-
ments were made on other cloths.
The Washington times., 1931-04-27
WHITNEY STAND UPHELD

Distributors Group, Inc, spon-
sors of North American Trust
Shares, have Endorsed the attitude
taken by Richard Whitney, presi-
dent of the New York Stock Ex-
change, in his speech Friday re-
garding the supervision Of fixed
trusts.
The Washington times., 1931-04-27
PROFIT LOWER

Mother Lode Coalition Mines
profit for, 1880 totaled $455, ,102,
before depletion and metal ad-
justments, against $692,599 in
1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11
PRESIDENT OF
PERU CHOSEN;
TAKES OFFICE
Distinguished Statesman Is
Selected to Bring Peace
to Nation.
nnited preaa

By United Press
LIMA, Peru, March 11.-Dr. David
Samanez Ocampo, a tall, distin-
guished statesman with almost two
score years Of experience in political
life, today began reconstruction of
the Peruvian government on the
basis Of compliance with my duty
and respect for the law"
Or. Samanez Ocampo, who is SO,
became head Of the government as
successor TO Lieutenant Colonel
Gustavo Jimenez, the army leader.
He formerly was head of the revo-
lutionary junta at Arequipa, chief
city Of southern Peru, but his first
7onferences with Jimenez made
fear that all sections of the nation
vii have representation in the new
6a~ernment.
Itpwas learned that DR.. Samanez
Ocampo and Jimenez agreed on the
following provisional government:
Or. Samanez Ocampo, president;
Lieutenant Colonel Jimenez, inte-
rior. DR.. Jose Galvez, justice; Rafael
LARGO Herrera, foreign, and Captain
Federico Diaz Dulanto, navy.
The ministers of public works,
finance and war have not yet been
designated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

tons and Mrs. Thurston, chiIdless
and lonely, took liking to Lillian,
who then was scarcely past 20.
The Franklin family broke I'D.
The parents separated and the two
girls went their own ways Of life.
Both had been educated in a con-
vent at Guelph. Ontario.
Lillian Went to live with the
Thurstons as Mrs. Thurston's com
panion. For the past twenty-five
years she has lived a secluded shell
tered life, in the devout atmosphere
OF Roman Catholic home.
Her books have borne the impri-
matur Of cardinals; her days have
begun and ended with devotions in
the nearby church. and she lived.
Bonita, alias Vivian, went to New
York and her life was the life
Of a daughter of the world. Her
marriage ended in divorce and
sorrow. She became involved in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

through years Of secluded happi-
ness, the other through years OF
profitless pleasure to final tragedy
was related here today.
The sisters are Lillian Thurston
A, of Detroit, and Vivian Gordon
Of New York. Vivian was murdered
Feb. 26, presumably because she
knew too much about the vice syn
dicates of the metropolis.
The story a study in contrasts
was told by the aged foster-father
of Lillian. Douglas A. Thurston. in
his quiet spotless home in the snad-
ow of the spire of Blessed Sacra-
ment church-where Lillian for
years has gone each morning to
mass.
The sisters real names were Lii
ilan and Bonita Franklin. The
Franklin family, twenty-five years
ago, lived next door to the Thurs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11
Veterans Funeral Today

By United Press
COLUMBIA CITY, Ind, March
11.-Funeral services were to be
held today for Fred Kepford, 80,
Civil war veteran, who died at the
home Of relatives near Wolf Lake.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11
NEW OPUS OFFERED
BY FINE ORCHESTRA
Cleveland Symphony Will Play Composition of A. MosoIO
for First lime Here Thursday NiQht

nor the first time in Indianapolis Factory
Machines played symphony
This work Of Mosoof attracting
Mills hall, Thursday night.
Nckolai Sokolof conductor noted his ability build
interesting
o Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11
THE INDIANAPOLIS TIMEs

chestra. He lives in and for music
making during the symphony sea
son, and while the orchestra is on
tour.
The routine Of his day, his week,
his month is ruled by rehearsal and
concert schedule. He is always on
time, always prepared for the work
in hand, and he demands this
promptness, with mental and phys
ical fitness, from the musicians I'M
der his direction.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

The program is as follows:
symphony No. 1. @ minor. Op. ss,'...
IN POGO ostenuto-aIiegro.
Andante sostenuto.
Un POGO eLegretto e RrazioSo.
AdagioEpiu andante-allegro non troppo
NTERMIssIoN.
The Sea. Three Symphonic Sketches"
From Dawn to Noon at Sea" DsOu'SS
~'Frolics Of the Waves"
Dialogue of Wind and Sea-"
Factory. Music for Machines. Op. 10"
First time in indianapolis. N0S0ion
Ride Of the Valkyries." from die
WaIKuse ......................W Wagner
Nikolai Sokoloff, conductor of the
Cleveland orchestra, is a musician
and an artist who has keen and
subtle mind that he never permits
to rust unburnished.
Sokolof has proved his genius as
a conductor in the eleven years he
has directed the Cleveland orches-
ira by bringing it into first rank
with the three major orchestras of
this country. He is hailed as a vivid.
forceful leader who has created an
orchestra which is a sensitive me-
dunn for the realization of the con-
ductor's understanding of the music
he presents.
Eleven years is a miraculously
short time in which to build such
an orchestra. Here Sokoloff's quail
ties that are not usual with must
clans have contributed to his sue
cess.
Sokoloff brings an amazing en-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11
SISTER PRAYS
FOR SOUL OF
VIVIAN GORDON
Girl Who Stayed at Home
Finds 1t Difficult to
Understand Tragedy.

By United Press
DETROIT, March ia story of
two sisters reared in the same home
whose lives ran far apart-one
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

ergy, and a steadied enthusiasm to
the business Of directing an or
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

Indianapolis theaters today offer
EAST Lynne" at the Apollo, Grim
inal Code" at the Ohio, 'Dracula" at
the Circle, Finn and Hattie" at the
Indiana, "The Easiest Way" at the
Palace, Not Exactly Gentlemen"
at the Lyric, movies at the Colo
NAL and burlesque at the Mutual.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-11

the city's underworld, and she died
three weeks ago at the hands Of a
murderer.
The Bismarck tribune., 1931-09-30

FOR RENT-Six room modern un-
furnished house located at 422-1st
st. Please inquire at Ill Ave. A.
West