davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
FOOD FIRM ADS
HELP TRADE

NEW YORK. March &c. M.
Chetter, jr.. president of the
General Foods Corporation, in an
article in the Claude Neon News
for March, says:
Commodity prices seem to
be at or near the bottom, while
inventories in the food and
other lines are at low levels.
Food Is our largest and
oldest industry. 1t has passed
through many business receS-
si0nS during its long history and
has always emerged stronger
than ever.
During 1881 we plan to con-
tinue the aggressive sales pro
motion and advertising policies
which proved so effective dur
ing 1880. National advertising
is the manufacturer chief con-
tributiOn to the cooperative
movement which is making such
gratifying progress in our in
duStry.
Lacking the power Of adver-
Using there could be no mass
distribution to find the markets
for the OutpOuringS of mass
production. The merchant who
is called upon to explain the
merits of each package would
soon find his operating cost pro-
hibifive."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
WINS $1,000 AD.
PRIZE TWICE

w. H. Hodge. vice president
and manager sales and adver-
Using department, Byllesby Engi-
neering and Management Corpo-
ration, announces that for the
second consecutive year Northern
States Power Company has won
the Harvard Advertising Award
for the best local advertising
campaign conspicuous for the ex-
cellence of it's planning and ex-
ecution.
This award carries with it a
each prize of $1,000. Announce
ment of the award was made
at a dinner given by the Harvard
University graduate school of
business administration at Bos-
ton last night.
The prize winning series of ad-
vertiSements was prepared by T.
H. Kettle, advertising manager
of the company. under the super
vision of the advertising depart
ment of the Byllesby corpora
ton. Mr.. Kettle also prepared
the series which won the award
last year.
This is the first time in the
history of the Harvard awards
that an individual advertise
without agency assistance has
been given the Harvard award
twice
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
ST, 100000 Is Asked
To Fight SUindLes

ROCHESTER. March 1.-THE
raising of a fund of $4,000, GOO
annually by legitimate business to
fight commercial and financial
racketeering in the United States
was suggested in an address by
H. J. Kenner, general manager of
the Better Business Bureau of
New York City, Inc, at a meet
ing of the Rochester Ad Club.
Generally accepted estimates,
he stated, put total losses each
year from preventable rackets at
at least $4,000. OOO, 900, one-third
Of which is due to stock swindling.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
SIGNS Of TRADE
GAINS CITED
BY BARNES
Business Survey Conference
Head Here Gives Out Data
indicating Worst Is Past

Julius H. Barnes, chairman of
the National Business Survey
Conference, today issued the fol
lowing summary of business con-
ditionS based on reports from the
chief lines of American business.
He said:
The reports here summarized
state the facts as they existed
at the dates for which the
latest comprehensive data are
yet available, and consequently
cover the mid-winter period,
from which business is now
advancing into spring, with its
seaSOnally greater activities.
Adjustment Advanced
Outstanding features of these
reports are:
Recurring demonstration that
American industry generally has
attained an adjustment of stocks,
production and marketing in
which even a moderate expansion
in demand will have immediate
results.
An improving trend from the
low point in December.
Evidence that reduced city
spending reflects into lower farm
prices for products in which there
is no apparent depressing sur
plus, such as most dairy products.
Savings Mounting
Clear indications that the vol
Tune of savings in their various
forms has been large and is still
mounting.
Accompanying the reports there
are almost uniformly expressions
of confidence and energy which
are apparently themselves the
fruits of improved conditions.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
Rise in Cotton Prices Held
To Be Natural Rebound

lockout of Lancashire weavers
was also terminated sooner than
expected.
The whole story is that even
with the enormous supply, cot
ton would be worth about Is
cents If there were any normal
demand for it. Therefore this
little gain in buying has started
the market toward the 1S-cent
level.
Supply Large
No one can claim that there
has been any improvement on
the supply idea. In fact. the
world visible supply Of American
cotton continues to make new
high records, and the prospects
for a huge carryover become
more and more certain. It now
looks like our domestic carry
over at the end of the season will
be upwards of 5h million bales.
The world carryover may exceed
9 million bales.
. At the same time, the chances
of q large curtailment Of acreage
for the new crop are being re-
duced by the higher price Of cot
ton.
Sustained recovery must de-
pend on sustained improvement
in general business and consumer
purchasing power.
But cotton and stocks may
both have touched bottom in De
cember,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
BY LEWIS HANEY,
Director TeIO York University
Bureau of Business Research
and Former Economist of
Federal Trade Commission

Director Iet0 York University
Bureau of Business Research
and Former Economist of
Federal Trade Commission.
In some ways the cotton mar
ket has been doing much the same
as the stock market. In Deem
Der it hit a low Of Gas cents for
spot cotton at New York. Since
then 1t has rallied approximately
20 per cent to a high Of 11.35
cents.
Probably the two moves are in
terrelated, since q bull market in
stocks helps commodities by i'm
proving speculative sentiment.
But more significant Is the fact
that cotton and stocks have been
responding to . similar condition.
Mill Stocks Low
Buyers of cotton cloth had
been poStponing purchases and
distributors stocks became small.
AS the cotton market firmed UP,
cloth buyers became less bearish
and an increase in orders re-
suited. In a good many cases
these found mill stocks of cloth
much reduced, so print cloth
prices advanced.
Sentiment has been helped by
growing hopes that conditions in
India would become settled soon
and the Indian boycott of Eng
liSh cotton be withdrawn. The
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
POWER NET GAINS

New high gross and net earn
ingS are shown in the prelim-
mary report of American Com
monwealthS Power Corporation
and affiliated companies for the
year ended December 81. Gross
revenues from all sources tOtaled
$27 1897, 429, as compared with
$25, 593, O46 in 1929, an increase
of $2,4O4,38 Net income after
operating expenses, maintenance
and general taxes was $13,41S,539,
as compared with $l1,322 ,692. an
increase of $2,O95, 846.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
Reserve Credit Off
S27,OOO,OOO in Week

Daily average volume of Fed
eral service credit outstanding in
the week ended February IS. was
1913, O00, 900, a decline of $27. 00O,-
600 from preceding week and
$242, 0O0.0 900 below like 1880 week.
N. Y. City members banks re-
ported loans on securities of So
1877 200, 900 against $3,114.000. 900
in previous week.
All other loans were $2,332. 000,-
900 against $2,342 200, 900. Total
loans we're $5,469, 200, 900 against
5.456, 600. 900. ....
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
FEB. Call Money Is
Lowest Since 1908

The average call money renew
al rate of ~ per cent during
February was lower than during
any month since October, 1903.
when it was Las per cent. Call
money renewed at ~ per cent
every day during February and
never varied from the opening
rate.
With the exception of January
2, 1881. when the rate was 8 per
cent, the renewal rate has been
IL per cent every day of this
year,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
REGULAR DIVIDEND

CHICAGO, March 2.-Directors
of the Container Corporation of
America at their meeting today
declared the regular quarterly
dividend of SITS a share on the
preferred stock, payable April l
to stockholders of record March
II. There was no action taken
on the Glass A common dividend.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
N. Carolina to Sell
S9,297.OOO in Bonds

The State of North Carolina
plans to place on the market
SO, 297 900 bonds about March Is,
it was learned from State
Treasurer O'Berry.
The State has $5,250,0OO of
2.46 per cent notes due on April
7, which were marketed here in
Sentember.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
BLUE RIDGE ASSETS GAIN

The net assets of Blue Ridge
Corporation on February 20
amounted to $93.096, 14S, COM
pared with $83, 1891. December
81, 1880. This gain of about II
per cent reflects the market ap-
probation which has occurred
since the first of the year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
Average Earnings
Of 700 Firms DOLUn

Net earnings of the 709 corpora
tionS SO far reporting for 1880
were $1,654,891, 900 against ST..
548, TOO, 900 in 1929, according to
the Standard Statistics Company,
of New York.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
Engineer Awards
Decrease in Week

Engineering construction con
tracts awarded throughout the
country in the past week were
valued at $34,678, 900 which COM
pareS with 1899 900 in the pre-
ceding week and $50, 330,0O0 in
the corresponding week last year.
Engineering News Record re.
ports.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
March 2, 1881
TO THE HOLDERS OF PREFERRED STOCK OF
THE RICHFIELD OIL COMPANY OF CALIFORNIA:

TO THE HOLDERS OF PREFERRED STOCK OF
THE RICHFIELD OIL COMPANY OF CALIFORNIA:
We are prepared offer to the holders of preferred
stock of the Richfed Oil Company of California, stock
of Cities Service Company in exchange therefor the
basis of two shares of Cities Service Company Prefer
ence stock plus share of Cities Service Company
stock for and in exchange for each five shares
of the preferred stock of the Rchfeld Oil Company
of California The shares of the Rchfield Oil Company
messed and guaranteed for transfer, through your
bankers brokers to the undersigned Wewl endeavOr
to fill orders for purchase sale of fractional shares
at the market.
The Preference Stock of Cities Service Company
is entitled to cumulative dividends at the rate of sixty
cents (sxty cenS per share per after the pay
men of the dividends the preferred stock and prior
to the payment of dividends upon the 500 nOn-cumula
tive stock the stock In event of liquidation
of the company the holders of the Preference stock
entitled to the of $1,000 en dOllars) per share
and accrued dividends prior to payment of amount
the 500 nOn-cumuative stock the common stock
total of than hundred thousand shares of the
preferred stock of said Richfield Oil Company of Cali
fOrna under this offer (same to be accepted in the
order of its receipt to accept such preferred stock
under this offer after 80 days from the date hereof
HENRY L. DOHERTY & CO.,
go Wall Street, New York, N. Y.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
NeW Cook Manager
Assumes DUTY Here

Hugh w. Hartley. who succeeds
Anthony E. Kaeser as manager
of the Washington division of
the Thomas Cook and Son
Travel Bureau, has arrived and
assumed his Lew duties today.
He has been connected with the
New York office of the concern.
His headquarters are in the
Washington Loan and Trust
Company Building.
Mr.. KaeSer and his family
soon will leave for Florida to
manage his Grange grove near
Tampa. He was presented with
a handsome engraved humidor
by employees and officials of the
Washington Loan and Trust Com
pany as a token of their esteem.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
BACK FROM FLORIDA

Karl W. Corby. partner of the
w. B. Hibbs and Company. is due
home today from a months
vacation at Palm Beach, Fla.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-03-02
Financial News Stocks Bonds Commodities and CONNER
N. Y. Curb Market

IHiEhL Low Last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

day by the Department Of Commerce
Aeronautics Branch, covering conditions
as Of April /.
The National Capital is credited with
a total of 70 Federally licensed or iden-
titled aircraft, ranking above 20 Of the
States in this respect Tennessee, with
nine planes. is at the bottom of the list,
and California, with 1,169, at the top.
There are eight licensed gliders in
the District, more than are owned in "a
of the states. California leads with
242 licensed gliders.
In. the matter of licensed pilots the
District of Columbia. with a total of
261, ranks above 80 of the States, Cali
fornia leading with 1886 pilots. The
Districts pilot ranks are divided as
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
VERA CRUZ CELEBRATES
Occupation of City by q. s. Navy
Forces in 1914 Observed.

MEXICO CITY, April 81 (P.-Civic
organizations and the military and
naval garrisons at Vera Cruz partici-
pated today in ceremonies commemo-
rating the anniversary of the occupa-
ton of that city in 1914 by American
naval forces.
There was no ceremony in Mexico
City, but the press carried items and
editorials lauding Mexican civilians and
armed forces who unsuccessfully de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
DECIES' DAUGHTER WEEDS
Eileen Beresford Marries Son Of
British Army Colonel.

LONDON. April 81 tHY.-The Hon.
Eileen Beresford. elder daughter of Lord
Decies, and Robert Alfred O'Brien, only
son of Lieut.. Col. and Mrs. T. H.
O'Brien of Bently, Hampshire, were
married today at Grosvenor Chapel.
Because of the recent death of Lady
DecieS, who was Helen Vivian Gould
daughter of George j. Gould, the cere-
mony was simple one. A large num-
Der of friends of the couple attended.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

Tended the port against United States
troops.
No notice was taken here OF San
Jacinto day. anniversary Of the battle
by which Texas won its independence
from Mexico. Although celebrated to-
day In Texas, most Mexican history
books say that 1t occurred on April %
not April 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

Col. Woodcock, on an inspection trip,
said that while the collection of infor-
nation on enforcement would not be
discontinued, efforts to push dry pub
licity would be abandoned July ! so far
as the surveys were concerned. The
last survey to be published appeared
yesterday.
He declined to say whether he be-
lieved the bureaus use of publicity Ito
gain respect for the dry laws" had been
successful.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

follows: Transport pilots, 189; limited
commercial, IL, and private, 81.
The District boasts six qualified and
licensed glider pilots and ranks seventh
among all the States in this respect,
being exceeded only by California, ILL
nois, Michigan, New Jersey, New York
and Ohio.
Department of Commerce records
credit the District with la licensed
civil aircraft mechanics, larger num-
Der than are credited to 80 Of the
States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

More than two and one-half million
people during 1890 went up in airplanes
operated by aerial service companies
engaged in the charter flight or short
trip business in this country.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
Iceberg Delays Europa.

CHERBoURG. France. April 81 tP).-
The liner Europa arrived from New
York today, three hours late. having
taken a longer route to avoid an ice
berg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
D. C. RANKS HIGH
IN AERONAUTICS
Capital Credited With 20 Federally
Licensed Ships in Com
merce Report.

The District of Columbia ranks high
among the States in the aeronautical
world, according to report issued to-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21

So powerful was the New York
Tribune of Horace Greeley that thou
sands of people guided their thoughts
on public questions by 1t.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
Books for Children
Published at $50 ~
NOtu Special at OOC ca.


Jane Cheer SOC
Now Soc
Garden Now Soc
A Now Soc
A Bow ca.
Now SOC
Of Soc
Eapuv
Andover
Kanns
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
u. S. TO SUSPEND DATA
ON DRY ENFORCEMENT
Factual Surveys to Be Discontinued
Due to Lack of Funds, Says
Woodcock, on Tour.

BY the Associated Press
DENVER, Colo, April 2l-Col. Amos
w. Woodcock, director of prohibition en-
forcement, announced last night fail
ure of Congress to appropriate funds for
the Federal bureaus factual surveys
will necessitate discontinuance Of the
publication.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-25
Washington Produce
Butter-one-pound prints, "a; tub

Butter-one-p pound prints, "a; tub,
SO.
Eggs-Hennery. soas2; current re-
Poultry, aiive-spring broilers. 8
pounds and over, 26a28; 2 to 21R
pounds, 25a27; IL to pounds, 23a24:
Leghorns, 22a24; hens, large, 23a24;
small, 21a22; ROSTERS, Halls.
Dressed-Spring broilers, 3 pounds
and over, 32a23; 2 to 21s pounds, 29a
80; ~ to pounds, 27a26; Leghorns,
ROSTERS, Is; Long Island ducks, 21a22.
Meats-Beef, prime. 16a161a; choice,
15al51a; good, Halls; medium, liza
12h; cow, 8laa9; veal top, 16a161a;
medium, 121aa13; lamb, top. II:
medium, 14a16; pork loins, to 10
2Oa21; to IL pounds, 18a19:
IL to IA pounds, 15a16; fresh hams,
10; smoked hams, 81 strip bacon, 22a
%; lard, bulk, 9; packages, 9Iaa10.
Live stock-Hogs, heavy, 5.00a5. go;
medium, 5.40a5.75; light, 5.10a5.50; pigs,
$50; roughs, 3.25a4.25; calves, 7.oOa
300; lambs, 4.00a7.50.
-Watermelons, 15a35; canta-
loupes, Colorado flats, 1.35a1 SO; honey
dews, 1.75a2.00; Persian melons, 2.o0a
2 Its; oranges, 350a5 so; lemons, 10.00a
IL 90; lines, per 100, Its; apples. bushel
baskets, 50a1.oO; box stock, 2.25a2.50;
pears, 800; Seckels, per bushel, 1.00a
2 100; 18-pound baskets, 35a5o; peaches,
75a1. rs; grapes, Concords, crates, LOO;
bushel baskets, 75a1.00; Tokays, LISA
2 90; Thompson, seedless, 200; pine
apples, 4.O0a4.50; prunes, 100; figs, 4.50;
damsons, two-peck baskets, LOCAL rs;
500a5.50; bananas, LISA
$50; persimmons, 100; cranberries.
375.
Observation-Disclosures, per barrel, LISA
ZOO; sweet, per bushel, 50a75; toma-
toes, 50a75; string beans, 50a75; limas,
l .50a2 60; cabbage, 50a75 kaIe, SO; spin
ach, scars; corn, 75a1 90; cucumbers,
l .5Oa1. rs; celery, 375a4.00; lettuce, Ice
berg, 3.00a3 rs: New York, 50a1.00; car
rots, per 100 lunches, 800; beets, per
100 punches, 800; eggplant, rs; okra,
two-peck baskets, 75a1.00; peppers, 65a
rs; squash, 5oa75; mushrooms, 6oa1.oo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-25
WAGE CUT VIEWS
ARE CONFLICTING
Opinion in Capital Is Sharply
Divided on Wisdom of
Reductions.
By the Associated Press.

Marked evidence of conflicting views
regarding the merits of wage cutting
by large corporations is seen in official
and unofficial utterances by Govern
ment executives.
There is none to deny that the adj
ministration's opposition to wage cut
ting has sustained purchasing power,
maintained the morale of workers and
effected curtailment in channels least
felt il orderly functioning OF the coun-
trys economic structure. These are
the highlights in arguments against
wage cutting.
However. there are economists in the
Government who personally believe
those industries which have just an
nounced wage cuts have placed them
selves in a much stronger position.
In defense of their acts, it was said
the drastic step was taken only after
all other measures toward defiation
had been applied.
In this connection It was said that
inventories have been adjusted prop
erly to bare demand through price cuts,
wasteful and eXtravagant habits elimi-
mated surplus manufacturers obliterat-
ed, and methods of efficiency put into
operation on a plane higher than ever
before. Working personnel in most
lines of industry has been curtailed
materially, and dividends on common
stocks have also suffered in the general
course of readjustment.
The move is regarded in unot11clal
statements as a consideration to stock
holders which was granted only after
failure of every other recourse, incllld-
ing reduction of salaries, which has
been widespread for months.
Fastening of steady and full time
employment was considered in some
quarters likely with the lower wage
scale, without material effect on the
purchasing power of the country.
Railroad officials in the Capital say
any move to cut wages will not be
effected by the carriers, owing to the
present working agreement in existence.
When this agreement expires some re-
adjustment undoubtedly will be made,
it was said. In the meantime, carriers
are attempting to solve the problem
by curtailing labor personnel, which has
resulted in only about 40 per cent being
employed on full time, and by salary
reductions.
Close observers point out that the
recent action is quite the reverse of
that formerly employed in retrenching.
Heretofore, the first step was a reduc-
ton in salaries and wages, followed
by economies in operation, in distribu-
ton and in sales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-25
BY CHARLES r. sPEARE.

Special Dispatch to The star.
NEW YORK, September 25.-The dis
solution of relations between groups of
banks, investment houses and security
affiliates which has taken place in con-
nection with the new control OF the
Transamerica Co., with other similar
transactions announced yesterday. sug-
gests a change in the banking world of
great significance and a return there to
the old order of things.
In other words, banks are steadily
getting back to their primary function
OF banking.
Many Affiliates Formed.
The craze for securities between the
years 1924 and 1929 had the effect of
promoting connections between banks
and agencies for the creation and dis
trlbution of stocks and bonds. Out of
this grew the security afiliates of nu-
merous national and State banks and
trust companies and the absorption by
them of investment houses. Justifica-
ton for this development was given by
the banks in a demand on the part of
their clients for investment service and
advice. which seemed to be legitimate
part of their functions. Unfortunately,
1t was carried too far. so that today no
small paft of the embarrassment of
DanRS throughout the country ana the
depreciation in their stocks is due to
their identity with the market for Sc
curities.
The security affiliate of the great
banks has been attacked in congress
sional Investigations of banking condi-
tons There has been no change in the
banking laws to divorce it from parent
companies. 1t is doubtless true that
the need for so much attention on the
part of the banks in behalf of their
security afiliates has been to the dis
advantage of the proper functions of
those departments which are essentially
concerned with deposits and discounts.
Branch Banking.
One of the reasons given to stock
holders of the Transamerica Co. for the
radical change in its program is con-
tanned in the statement of the corpora
ton to the effect that there is no APP
parent likelihood that Nation wide
branch banking will be authorized by
law in the future"
So far as is known, however, there
has been no suggestion that the branch
banking idea has been abandoned It
has advocates. There are many who