davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-14
OIL IN STORAGE
IS P|L|NG Up
By LEWIS HANEY
Director New York University Bureau
of Business Research and Former
Economist of Federal Trade

American oil wells are bringing
in a daily production of 2,150,-
900 barrels to add to 500,000,000
barrels now in storage, according
to the latest figures supplied to
the Federal oil conservation
board by the American Petroleum
Institute.
Officials of the board said the
huge accumulation of crude oil
in storage, together with an esti-
mated storage of 46,0O0,00O bar
rels of gasoline, we're the prob
lens that were confronting the
oil industry today.
Figures compiled by the board
show that during the last
calendar year this country i'm
ported 100000 barrels of crude
oil, 100000 barrels of gasoline
and 26,000,000 barrels of gas and
fuel oil, while during the same
period the nation exported 23,-
100000 barrels of crude, 64,00O,-
900 barrels of gasoline and &c.
100000 barrels Of gas and fuel
oil.
Last years production Of crude
oil was estimated at $4,000, 900
barrels, while the consumption
totaled 750,000,000 barrels.
The Washington times., 1931-03-14
A. { ?. TONNAGE
RECORD SET

February sales of the Great
Atlantic & Pacific Tea Co. were
$82, ,806. This compares with
$86,121,818 for the corresponding
period of 1880, and is a decrease
of $3,737,012, or 4.34 per cent.
The company points out that
the decline in dollar sales reflects
lower retail food prices, the vol
ume of goods sold being greatly
increased. The actual quantity of
goods sold in February, 1881,
measured in tons, was 1912 per
cent greater than it was in the
same month a year ago.
And the average weekly ton
mage for February of this year
was the highest in the history of
the company, the previous high
figure being in December, 1880,
and the next highest in January
1881.
Sales of the company estimated
in tons were 443,516 this Febru-
ary, compared with 400,586 in
February, 1880, an increase of
42,930.
The Washington times., 1931-03-14
British Steel IngOt
Output Up In Month

LONDON, March IA. - British
output of steel ingots in February
totaled 486, 400 tons against 4O2,-
200 in January. Pig iron output
totaled 100000 tons against 337,-
200 in January.
There were 81 furnaces in blast
at end of February against SO
month previous.
The Washington times., 1931-03-14
REPORTS
PICKUP IN
BUILDING
First Reversal in Residential
Field Since 1928 Held to Be
Sign of Business Recovery

A turn for the better has been
made by residential building ac-
cording to February figures re-
leased by F. w. Dodge Corpora
ton. Downhill for more than
two years, this type, looked to
by economists as the construc-
tion class to indicate a forward
movement after a depression, has
shown the first turn with its
February record.
The first reversal since 1928 is
found in a total of $77,917,800
in residential contracts awarded
during the month in the 81
States east of the Rockies.
Equal Division
A nearly equal division is made
by the three major construction
totals this month, a grand total
of $235, ,405, 100 being broken into
the $77,917, 300 already mentioned
as residential; $78,844,500 for
nonresidential, and $78,642, 300
for public works and utilities.
Dwellings erected individually
and apartments are the larger
elements in the housing groups
with housing developments also
occupying an important position,
New York city accounted prin-
cipally for the gain in new apart.
ment building during the month
NOnreSidentiaI constr u ctiOn,
which tOtaled S78,844,5O for the
month, was low when compared
with the corresponding m o n h
last year.
Gains Are Noted
Gains in total construction
over both the previous month
and February of last year we're
produced in two of the 13 Dodge
territories. These were New En-
gland and central northwest ter.
ritory, the latter comprising
Minnesota, the Dakotas, North,
ern peninsula Of Michigan and
Northwest Wisconsin.
Reflection of seasonal advances
of February over January were
shown by gains in six additional
territories.
For the two months of the
current year residential building
was off only S9,OOO,OOO as com
pared with the same period OF
1880. This was q loss of aOOut
6 per cent and compares with
a loss Of almost so per cent fOl
the corresponding two months OF
1880 in contrast with 1929, in
dicating that the defIatiOn in
this type of building has been
largely completed.
The Washington times., 1931-03-14
.HANEY FINDS Z
TRADE SCHOOL
THEORIES
One Urging New Initiation, He
Says, Unworthy Of Thought,
and Education Is Demanded

BY LEWIS HANEY
Director New York University Bureau
of Business Research and Former
Economist Of Federal Trade
Commission
Evidently there are still at least
two schools Of thought concerning
the courses and remedies for the
business depression.
There are the die-hard new
crates who assert that the only
trouble is that we did not keep on
spending our money for autos,
radios, stocks, etc.
Want New Initiation
They now propose that we start
a new wave of initiation aAG Gin
some way that is not quite clear)
give people more money to spend.
There is a growing number of
business men and bankers who
now admit that initiation and over.
production brought on the depres,
sion. They propose various mea-
sures to prevent over-production
in the future.
For the present. they agree that
the only way to restore sound pros.
perity is to readjust supply to de.
mand,. readjuSt prices and accu'
mulate savings until we can spend
without credit initiation.
Three Questions Up
This discussion brings out three
main questions:
Is it possible to educate people
so that they will not be led into
initiation and bOOmS?
Should we allow producers to
combine so as to give them the
power to exercise concerted con.
troll over production?
Can business prosperity be re.
stored by stimulating the prOduc.
tiOn of new" articles and giving
consumers money to spend by
some sort of initiation?
The first two questions are
worthy of serious thought. The
last one should be laughed out of
court.
The Washington times., 1931-03-14
International Bank
Picks TzDO on ROnrd

DR.. Salvatore Floria and Gus
Zaharoudis were added to the
board of directors of the Interna-
tional Exchange Bank at the
meeting Of the board yesterday,
according to announcement by
President Joseph Schiavone.
DR.. Floria formerly was italian
consul here and was one Of the
original directors and a vice presi-
dent of the bank. Mr.. zaharou-
dis is president Of the Sunrise
Bakery Company and prominent
in Chevy Chase.
The Washington times., 1931-03-14
DRUG
SHOWS GAIN
FOR 1880
Sales for Year Increase 7.83
Per Cent Over 1929 and s
Stores Are Added to Chain

The report of Peoples Drug
Stores, Inc, made public today,
shows six stores we're added to the
chain during 1880, and a sales in,
crease of $1,216, ,457 for the period.
M. G. Gibbs, president, in sub
mitting the report, said: a.,
S4.12 Per Share on Common
con December 81, 1880, the
company was operating 118 re-
tail stores, as compared with
liz at January l, 1880, a net
gain for the year of six stores.
"Sales at retail for the year
amounted to S16,759, 9,665.94, as
compared with sales for the
year 1929 of $15,543,2O8.O7, an
increase Of $1,216,457.S7, or 1888
per cent.
"Net profits for the year,
after all charges, amounted to
$671, ,7O2.O1, and after providing
for dividends on 24,25O shares
of preferred stock outstanding
at December 81, 1880, there re-
mains the amount of $514,077.O1
as the earnings on the common
stock, which is equal to $4.12
per share on the 124,55O shares
outstanding at December 81,
1880.
Expansion Continues
"The construction of the new
warehouse and office building,
begun in 1929, was completed in
April, 1880, and has contributed
materially to the efficiency Of
operations. &
Expansion planned for 1891
is being developed in a satiSfac-
tory manner, three new stores
have been opened since January
l and two others are now be-
ing fitted up and will be opened
in the near future"
The Washington times., 1931-03-14
st. Laurence Paper
Reduces Dividend

MONTREAL, March IA. st.
Lawrence Corp. directors yester-
day declared a quarterly dividend
of 25 cents q share on the cumula-
tive preferential stock placing the
issue on a 81 annual basis, against
50 previously.
St. Lawrence Corp. was formed
in May, 1880, as a merger of
Brompton Pulp g. Paper Co., and
Lake st. John Power & Paper Co.
The Washington times., 1931-03-14
Visitors limited
To INSPECT BUiLding

Invitations have been issued
to inspect the new American
Building Association home, 300
Pennsylvania Ave. S. E., March
16 and II.
Officers and directors are Will
liam A. Hettinger, president;
George w. Slater, vice president;
Charles H. Kindle, secretary; Guy
M. Neely, treasurer; Francis E
Smith, Charles Kattelman, julius
Egloff, John E. Mergner, Clar.
,ence F. Donohoe, Chatham NJ,
Towers, Thomas S. Sergeon and
Charles A. Rossiter, directors.
The Washington times., 1931-03-14
HOSIERY MILLS PAY

The directors of Davenport Ho-
siery Mills, Inc, have declared the
regular quarterly dividend of SITS
per share on the preferred stock,
and the regular quarterly divi-
dend of so cents per share on the
common stock, both payable April
l to stockholders Of record
March 20.
The Washington times., 1931-03-14
Gold in Edrnl0rk
DrODs S3.OOO.OOO

Decrease of $3,000,000 in gold
held in earmark for foreign &C
count was shown in the daily
statement of the Federal Reserve
Bank of New York. There were
no exports or imports.
Figures for the week March 5
to II showed imports of $3,180,O00,
of which $2,919,000 was received
from Colombia and $261, 200
chiefly from other South Amer
ican countries.
The Washington times., 1931-03-14
Company Forming
Drun Stores Chain

Retail Druggists Of America,
Inc. has been formed by William
B. Nichols & Co., Inc, 48 Wall ST.,
New York city, for the purpose of
holding interests in several non
competing retail drug store chains
operating in various parts Of the
country.
The authorized capital structure
of the organization is 100000
shares Of $3.50 dividend cumula-
tive first preferred stock, without
par value; 250,000 shares Of 6 per
cent voting preference stock ($l00
par value), and 100000 shares
Of common stock, without par
value.
The Washington times., 1931-03-14
PROGRAM LISTS
REALTY TOPICS
FOR PARLEY
National Association of Real
Estate Boards Will Meet
in Baltimore Late in May

The program for the Baltimore
Convention of the National Asso-
citation of Real Estate Boards
May 27-30 show that speakers
will give much new information
in the various divisions of the
real estate field.
Divisional sessions especially
will be crowded with new ideas.
Among division speakers sched-
uled are:
Home Builders
Louis Brandt, Pittsburgh, Pa,
before the Home Builders and
Sub-Dividers on Modern Sub-Di-
vision and Improved Standards Of
Construction as Aid to Home Fl
nancing."
Arthur c. Holden, New York
architect, before the Home Build
ers and Sub-Dividers Division on
Residential Developers and the
Public"
Gordon C. Beck, Cincinnati, be-
fore the Home Builders and Sub
Diyiders Division on "Preventa-
able Waste in the Home Building
Industry"
j. Alvin Register, Jacksonville,
Fla, before the Appraisal Divi-
sion on Demonstration Apprai-
sal of Small Commercial Prop
erty."
Brokerage Policies
Max Ramm, Detroit, Mich, be-
fore the Brokers Division on
Real Estate Brokerage Policies
That Are Making Money at the
Present Time"
A. E. LePage, Toronto, Can, be-
fore the Brokers Division on Sell
ing Homes"
Fred M. Clarke, Chicago, Ill,
before the Farm Lands and
Country Estates Division on
Farm Exchanges"
Don Q. Riddle, Chicago, ILL.,, be-
fore the Property Division on
''The Advertising Problems of the
Property Manager"
The Washington times., 1931-03-14
METAL MARKETS

NEW YORK, March IA G.N.S.).
Copper buying was fair on both
foreign and domestic account to
day at 1024c a pound delivered
to the end of June in the domeS
tic market, and 10.55c a pound
C. I. F. Hamburg, Havre and
London. Lead buying was fair
with the price unchanged at 4.5Oc
pound New York, and 4.25c a
pound st. Louis. Zinc buying
was small with the price at &c
q pound east st. Louis.
The Washington times., 1931-03-14
acacia Association
To Elect Directors

The annual meeting of mem
bers Of the Acacia Mutual Life
Association will be held at noon
Tuesday, March II, in the Acacia
home office building, First Street
and Indiana Avenue Northwest.
Members will vote for directors
to serve on the board.
The Washington times., 1931-03-14
EXCHANGE HOLIDAY

Members of the board of man
ayers of the New York Coffee and
Sugar Exchange have voted to
close the exchange on April 8
Good Friday and the following
Saturday, April 4. Similar action
has been taken by the New York
Cocoa Exchange,
The Washington times., 1931-03-14
Michigan Industry
Is ShOIUinQ Better

LANSING, March 14.-Headed
by automobile manufacturing con-
Germs Michigan industry turned
toward normal conditions during
late January and early February,
the monthly report Of the State
Department of Labor and Indus
try reveals.
The Washington times., 1931-03-14
HOME INSURANCE co.

HARTFORD, Conn, March IA,
Home Insurance Co. statement
as of December 81, 1880, showed
net loss from underwriting and
investments amounted to $685.
727 in 1880, comparing with gains
Of $7,105,852 in 1929.
The Washington times., 1931-03-14
HENDRICK ON VACATION

j. Thilman Hendrick, partner
in the firm of w. B. Hibbs & Co.
and chairman of the board of
Lanston Monotype Co., is spend
ing short vacation at Atlantic
City.
The Washington times., 1931-03-14
CAPITAL TRACTION co.

Directors of the Capital Trac-
ton Co. have declared the regu-
lar quarterly dividend of 81 per
share.
The Washington times., 1931-03-14

New York funds in Montreal, par.
Montreal funds in New York, par.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07
so CHARITABLE

Old Lady: Here's a penny, my poor
man. Tell me, how did you become
80 destitute?
Beggar: l was always like you.
ma'am. giving away vast sums to the
poor and Observation-Disclosures.
SURPRISE!
ANY surprise amongst your BIRTH
day presents?"
Yes. Smith gave me q book that
I lent to Jones six months ago."-Der
Lustige, Kachse. Leipzig.
UNDECIDED
How is 1t your maid waits on the
table with her hat on!"
She only ami this morning and
does not know yet If she will stay
Passing Show.
These Florida golf course bandits
we've been reading about will get
what's coming to them once they
tackle some golfer. niblick In hand.
who has just taken five or six strokes
in a sand trap.-Judge.
TOO MUCH WORK
Nose was taking examination for
letter carrier. The examiner asked
him the question: What Is the dis
lance from the earth to the sum-"
"Lawsy mel" exclaimed Nose. III
you'se gwine to put me on that route
Abs resignin' right now!"-P Path
finder.
INHERITED
your son has a great thirst for
knowledge. Where did he get IT."
Mother: He gets the knowledge
from me and the thirst from his
father.-KaSper, Stockholm.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07
hi MANS RIGHT


81 saw a baby today that gained 10
pounds in two weeks on elephants
milk"
whose baby was it?'
THE Observation-Disclosures.
A bank clerk has just admitted ne
didn't find it difficult to steal two
hundred thousand dollars from a New
York bank. The hard part came
when he tried to find a safe place to
deposit it.
And those banks that were closed
because of frozen assets must have
let the 1anitor handle their loans.
Another depressing thing about
seeing so many ap~ple-venders around
town Is that some of them may de-
eide to write books of memoirs. -
Judge.
Spring can't be very far away. We
saw a hitch hiker loosening up his
thumb the other d~ay.-Judge.
Superintendent of Insane Asylum
Did you get those five men that es-
capped?
Guard-F1ve? We got thirteen!!
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07
MUST BE HER

Medium: I hear the knocking OF
your late wife! j..
Patron: Who's she knocking now?
Pathfinder.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07
r ONLY CHANCE

Vera: You wouldn't advise me 70
marry a liar. would you?
Victoria: Yes. dear. ] would-un-
les; vou want to be an old maid.-An-
swers.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07

81 saw a baby today that gained 10
hounds in two weeks on elephants
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1931-03-07
NOW YOU TELL ONE
A SORRY LIFE

Judge: When you married him
O promised to share his lot. didn't
you?
Wife: Yes, but 1 didn't know then
it was Just a lot of trouble.-Pele
Mele, Paris.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-12
SPECIAL STATUS
TO SPEED DROUGHT
RELIEF IN HOUSE
Continued From First Page.)

Continued From First Page)
have clamored for and against q S15,-
600, 900 appropriation for food loans to
drought sufferers.
Mr.. Hoover made known his approval
Of the Red Cross funds campaign in q
letter TO Chairman Payne. In It he
pointed out 1t had been anticipated
that the SIS 200, 600 the Red Cross had
available in the Fall might prove in
sufficient to carry the burden of per-
sonal relief throughout the drought
States. He recalled it had been held de-
sirable to withhold any appeal for funds
until local organizations of the larger
cities and the community chests had
advanced their own fund raising.
The present problem, he said, exceed
ed supply Of food, clothing and personal
care among farmers because of the in
ability Of small rural and industrial
towns to organize their own relief
The President expressed confidence
that every one truly deserving will be
looked after with care and without
waste"
The power commission situation, while
Offering unprecedented legal problems
through the Senate action in restoring
the names of three members TO Its cali
endar as unconf1rmed, apparently was
not going to be permitted by the adj
ministration to interfere with business.
The commission planned to proceed
with It's work this week, leaning upon
the declaration Of the. President that
all members held once conbtitutienally,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-12
DRY LAWS REPEAL
IN TWO YEARS SEEN
Anti Prohibition Leader Says
"a States Now Favor 1t. .
Wet Propaganda Hit.
By the Associated Press.

BY the Associated Press.
From either side Of the prohibition
fence spokesman delving into statistics
presented today new claims for their
causes.
A prediction that in two years the
necessary 80 States will be ready to
vote for repeal Of the eighteenth amend
ment was advanced by Henry H. Curran,
president of the Association Against the
Prohibition Amendment.
DR.. Ernest H. Cherrington, general
secretary Of the World League Against
Alcoholism, blamed an increase in the
alcoholic death rate upon widespread
wet propaganda" but concluded that
even this had not lifted the death ratio
to the preprohibition mark.
"a States Ready, He Says.
Curran issued q statement saying "a
States now are ready to vote for repeal.
He claimed the delegations of IL States
TO the next Congress contained 10 out
Of "a Senators favortng submission OF
the repeal question to the people and
113 out of 100 Representatives taking
the same position. Besides the delega-
tons of these States he said there were
several more Senators and at least AZ
more Representatives ready for submits
sion.
OF the IL States, he said, Massa-
chusetts, Rhode Island, Connecticut,
New York, New Jersey, Illinois and Wis
consin would have two Senators each
ready to vote for submission, and Mary
land. Ohio, Louisiana, Montana and
Washington would have one each.
Result in House Forecast.
The combined House delegations Of
New York; Illinois, Massachusetts,,
Rhode Island, Ohio. Connecticut and
Maryland, hef claimed, would have but
80 Representatives opposed to submits
sion. out of q total Of l22.
The Senators included in his list
were Walsh Of Massachusetts, Coolidge,
Hebert Metcalf, Bingham. Walcott,
Copeland. Wagner, Glenn, Lewis. Kean
Morrow, Tydings, Buckley. La Toilette,
Blaine, Broussard, Wheeler and Dill.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-12
CRAMTON MAY SERVE
ON BICENTENNIAL BODY
Representative Considered by Com
mission as Successor to Lieut..
Col. Grant, Who Resigned.

Representative Louis Cramton, Re-
publican, OF Michigan, is one OF four
men who are under consideration by the
George Washington Bicentennial Com
mission for appointment as successor
10 Lieut. Col u. s. Grant, Sd, who
has rendered his resignation as asso-
ciate director.
1t was learned today that Represen-
tative Cramton received consideration at
the meeting Of the Executive Commit
tee Of the Bicentennial Commission
which met last Wednesday In the off1ce
Of William Tyler Page, clerk Of the
House, executive secretary of the COM
mission. Representative Cramton was
defeated in the recent election
Because Of his work, especially in fur
thering the George Washington Memo
rial Parkway proposition and the build
ing of the Mount Vernon Highway, Rep
resentative Cramton Is understood to be
particularly interested in the plans for
proper celebration Of the bicentennial
of Washington's birth in 1882. when the
development projects around the Capitai
City in which he has taken an active in
terest will be nearly completed.
The executive committee OF the BIZ
centennial Commission is to meet again
on Wednesday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-12
PARENTS DISCOVER
THREE BABIES DEAD
One StrangIeS and Two Ex-
pire of Natural Causes
in Nearby Homes.

Three babies in nearby Maryland and
Virginia were found dead yesterday, one
from strangulation and two from nat
ural causes.
Lying in his carriage on the porch Of
his home near Burnt Mills, Md, 4
month-old James Allen English son of
Mr.. and Mrs. B. r. English, strangled
to death yesterday afternoon while his
parents and visitor sat in the next
room, unaware of the tragedy.
The child is thought to have been
unable to breathe when milk he had
drunk short time previously to being
placed on the porch for an airing en-
tered his air passages.
Mr.. English said today that he last
saw the baby alive about sos o'clock
when he trundled the carriage to the
porch. A few minutes later, the parents
and Mrs. Charles Y. Latimer of Takoma
Park, who was visiting the English
home, heard the baby crying, but did
not think anything was amiss.
At $40 o'clock the father brought the
child into the house. AS soon as Mrs.
English lifted the little boy from his
carriage she perceived that something
was wrong.
Mrs. Latimer took the baby and Mr..
and Mrs. English in her car to the office
of DR.. w. r. Haynes of Silver Spring,
who pronounced the child dead.
Mr.. English Is an income tax expert
in Washington. Besides his parents,
James is survived by a sister, Elaine,
2 years old. The body was taken to the
funeral establishment in Rockville of
Warner E. Humphrey.
Funeral services will be held tomor-
row afternoon at 8 o'clock at Mr..
English's home here and interment will
be in Arlington Cemetery.
Mrs. George Braumbach Of $40 Com
merce street, Alexandria, Va, reported
to police yesterday morning that she
nursed her 1-day-old baby about 4:3O
am. and laid the baby down and drop
ped off to sleep. When she awoke
about 1880 O'Clock yesterday morning,
she found the baby dead.
Robert Lyle Mahoney, 3-months-old
son of Mr.. and Mrs. G. w. Mahoney
of 26 Linden avenue, Alexandria, was
found dead in his crib yesterday morn
ing by his parents, according to the
report received by police.
The two cases were investigated by
Detective Sergt. Edgar Sims of local
police and Coroner Jones, who certified
in each case that death was from nat
ural causes.