davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-03
STRIKES At LOW
MARK IN 1880

CHICAGO, ILL.,, March 3.-In-
dustry faces the present recovery
period with a spirit of co-opera-
ton between workers and
management which is unequalled
in business history, according to
an analysis of industrial relations
just completed by the Standard
American Corporation of Chicago.
The year 1880 marks the lowest
ebb in the past IS years in num-
Der of labor disputes, says the
survey, and there is every reason
to believe that this condition will
be a powerful factor in favor of
early sterilization of employment
conditions. It adds:
"The number of strikes de-
Clined 80 per cent from 9O3 in
1929 to 618 in 1880, while the
number of men involved
dropped from 23O,463 to 156,125
in the same period. The rate
of decline was still greater in
number of men involved be-
tween 1927 and 1880, the total
in the latter year being only
slightly more than half that
Of the former.
BASED on the average in
come during the period between
1927 and 1880, the actual saw
ings brought about by in
duStriaI peace amount to more
than S125, ZOO, 900 for one years
wages alone. Added to the
great expense usually incurred
by employers during strikes,
the savings are tremendous.
The Washington times., 1931-03-03
Washington Big Fountain
For Financial News

New York, of course, is the finan-
cial center of the universe, but
it is surprising how much of the
big city'S trade news originates
elSewhere-in Washington, for in
stance.
Take just one days survey of
the major business items from the
market pages of New York city
newspapers:
First, a far-reaching decision of
the United States Supreme Court
here deprived the Government of
$1,846,340 in estate taxes and set
precedent that will affect un-
estimated millions in the future.
Another Supreme Court de-
cisiOn affecting the entire citrus
fruit industry permits the use Of
bOrax as a wash to prevent blue
mold.
Industrial Meeting
Of nationwide Importance is
the meeting here yesterday and
today of the American Industrial
Development Council, in the hall
of the Chamber of Commerce of
the United States, where 85 dele
gates from all sections of the
country are discussing possibili-
ties of expansion during the COM
ing year.
In Washington originates the
information that the $5OO,000,0 900
bond issue just announced by
Secretary of the Treasury Mellon
is likely to be taken up entirely
by investors holding 312 per cent
notes called for payment March
'16, under the exchange offer
made by the Treasury Depart
ment.
All New York financial writer's
mark the passage by the House
of Representatives resolution Or.
The Washington times., 1931-03-03
Sears, ROebuck Has
February Sale Cut

CHICAGO. March 3.-Sales of
Sears, Roebuck & Co., for the four
weeks ended February 26, totaled
$23, $50, ,229, against $27.624.978 in
the same period of 1880, a decline
Of 14.8 per cent.
For the eight weeks erdod Feb
ruary 26, sales aggreoat~d rs 578,
500, against $54,445.l43 in The cor
responding period a year ago, a
drop Of 14.4 per cent.
The Washington times., 1931-03-03
Wholesale Trade
LOWer in January

Volume of January sales by
wholesalers showed sharp drop
during January, according to the
monthly review of business and
credit conditions issued by the
Federal Reserve Bank of New
York.
Sales of cotton goods, shoes,
hardware, stationery, paper and
iewelry, according to the report,
were substantially smaller than
a wear ago, and sales Of mems
clothing showed the largest de-
crease on record from the same
month in 1890.
The Washington times., 1931-03-03
CAR INSURANCE
NEED CROWS
BY FRANK F. LOOMS


1t is estimated $4,000 persons
were killed and 962,32 injured
in 825,250 automobile accidents
in the United States in 1880.
With an indicated decrease in
the motor vehicle mileage in this
country last year of around 10
per cent the number of auto
mobile accidents Increased around
IL per cent, deaths more than 4
per cent, and the injured toll.
13 per cent.
Because of the greater num-
Der of deaths and injuries and
increasing damages to property,
fully S3OO,OOO,OOO in claims was
paid by the insurance COM
panieS writing automobile
casualty, life and accident in
Surance.
These statistics and facts on
1905 loss of life and injuries
in automobile accidents was COM
piled by the Travellers Insurance
Company, which has just issued
a 50-page pamphlet, built up from
State reports, containing figures
and charts, in addition to much
valuable explanatory matter on
the subject of motor vehicle acci-
dents.
If you we're one of the million
or more persons in motor vehicle
accidents every year in the United
States, you would realize the
benefits derived from special auto
mobile accident policies, now be-
ing issued by many insurance
companies.
The Washington times., 1931-03-03
Interest on Savings
ADernneS 4.59 p. C..

Average interest rate paid by
all mutual savings banks in the
United States on January was
4.59 per cent. That figure COM
pared with 4.56 a year ago, show
ing an increase of three one
hundredths of one per cent in
the worst depression known to
American security markets for a
long period of years.
This rate of return was paid
on $6,464,73,392 to l2,226,345 de-
poSitorS.
The Washington times., 1931-03-03
B. & D. SURPLUS
INCREASED BY
S1,128,555
Preliminary Report for 1880
Shows Railroad Earnings
Well Above Dividend Needs

A surplus of $1,128,555 after
all charges and dividends was
shown by the Baltimore & Ohio
Railroad in it's preliminary re-
port for the year ended Decem-
ber 81, 1880. This compares
with $11, 1,045,587 after all charges
and dividends in 1929.
Income from al, sources was
reported as $51.492,537, against
$57,611,945 in 1929, a decrease
of 1852 per cent.
Total deductions from income
amounted to $30,068,767, against
$28,844,O37, an increase Of 4.25
per cent, leaving a balance Of
income available for dividends
and other corporate purposes Of
$21,423.770, against $28,767, ,90S
in 1929. -
Net income for the year was
$21 ,423,771, after taxes and
charges, which is equivalent after
dividends on the 4 per cent pre-
ferred stock to $7.44 a share on
2,562,954 shares of common out
standing at the end of the year.
This, compares with $28,767 ,90S,
or $11.24 a share, on 2,349,954
shares outstanding during 1929
and $1,000 a share on the 2,562,-
954 shares outstanding at the
end of 1929.
Total railway operating rev.
enues for 1880 amounted to
$2O6, ,66O,436, against $245,418,776
in 1929, a decrease of 1879 per
cent. Total railway operating ex-
penses during the year decreased
1919 per cent to $l53,142,375.
compared with $180,570,O34 in
1929.
The Washington times., 1931-03-03
GET $1,23O,OOO IN GOLD

NEW YORK, March 3.-Guar-
anty Trust Company of New York
has announced the receipt of
$1,230,000 in United States gold
coins from Banco de la Republica
Oriental del Uruguay. Montevideo,
Uruguay, on the steamship East
ern Prince,
The Washington times., 1931-03-03
STOCK LEADERS
'T|RED,' SAYS
HANEY
Economist Finds Indications
Favoring Uptrend Scant and
Urges Buyers Go Slow
By LEWIS HANEY

BY LEWIS HANEY
Director, New York University
Bureau of Business, Research
and Former Economist of
Federal Trade Commission
The action of the stock market
on Saturday was very similar to
its performance on Saturday.
February IA, just two weeks ago
Following that time the market
rose on Monday, fell on Tuesday,
and then ran UP about 8 points
to its recent high point. Will it
do something like this again?
No one can know the answer.
In any case 1 would wait until
Wednesday before taking any
new position.
One difference between the sit
uation Saturday and that of two
weeks ago was that the active
speculative leaders of the day
have recently been reactionary.
Pool FavOriteS Fail
There was the usual effort to
bid up pool favorit"- Saturday,
but aside from Radio and Colum-
bia Graphophone most of them
closed behind minus signs.
You will note that the stocks
which opened the fire works (Au-
burn, Worthington, Vanadium and
Case) are doing nothing. They
closed Saturday to IA points
below recent highs.
The progress toward business
recovery has been disappointing
and commodity prices have con-
tinued to decline. If the market
were fOrecaSting business recOv-
cry it would not have to depend
on pool operations in miSCellane-
Gus specifics.
Momentum Is Lost
The very poor railway earnings
and the weakness in the rail
stocks is not suggestive of be-
lief in better business. Loans to
other than brokers continue to
decline, indicating steady liquida-
tion on the rally.
The bond market marks no
progress. 1t is about where it
was a month ago.
The upward swing has dis
tinctly lost momentum. The
original leaders "act tired" The
new leaders are not impressive
in quality. Signs have appeared
Of the tendency toward diminish
ing volume on price advances
during the daily trading.
The Washington times., 1931-03-03
ATTACKS TRUST LAWS

Unsound and wasteful compe-
tition and the prevention OF con-
structive trade agreements was
being caused by the Sherman Ind
Clayton antitrust laws. DR.. Ste
phen I. Miller, executive manager
of the Credit National ASsocia-
ton of Credit Men, charged in an
article in the March review Of
the association.
The Washington times., 1931-03-03
British Gas Prices
Cut 4 Cents Gallon

LONDON, March 3.-The re-
tail price of gasoline in the
United Kingdom has been re-
duced I'd a cents) a gallon, ef-
fectiVe today,
The Washington times., 1931-03-03
CANADA FREIGHT OFF

MONTREAL, March 3.-Load-
ings of freight on Canadian rail
ways in week ended February 81
totaled 47,463 cars, a decline of
572 from preceding week and TO-
073 below like week a year ago.
The Washington times., 1931-03-03
HUPP SHIPMENTS UP

Hupp Motor Car Company
shipped 1903 cars in February,
against 1861 in January and 2,029
cars in February, 1880.
The Washington times., 1931-03-03

dering probe of oil, lumber,
manganese, asbestos and agricul.
tural industries.
Liberty Loan Bill
Certainly they all mark the
final congressional action on the
Treasury bill authorizing the in
crease of the second liberty loan
from 100000, 100000 to $28,OOO,-
100000 to refund certain issues
OF first and fourth liberty loan
issues maturing in the next two
years.
OF wide interest, too, are the
Senate resolution authorizing
$5,O00,000 in unsecured loans to
drought-Stricken farmers; the an.
nouncement that the Veterans
Bureau is adding 900 clerks to
handle the insurance loans, and
the unofficial announcement that
President Hoover will sign the
year-round Saturday half-holiday
bill for Government employees,
setting a precedent, perhaps, for
all industry.
Many Lesser Items
Noted also are items of a more
diStinctively local flavor: That
the Baltimore and Ohio railroad
more than earned its dividend re-
quirements in 1890; that Ward
man Real Estate CORPORATION
Inc, has passed it's semi-annual
interest on $11,0OO,000 first and
refunding bonds due yesterday;
that Congress has provided
$3,700,000 additional for the
George Washington Memorial
Boulevard to Mount Vernon, and
that the Potomac Electric Power
Company is redeeming part of its
refunding bonds.
For one day, that seems quite
an order.
The Washington times., 1931-03-03

BY LEWIS HANEY
Director, Nep York University
Bureau OF Business, Research
and Former Economist of
Federal Trade Commission
The Washington times., 1931-03-03
Government Bonds

Liberty aus 32-47 ...........1 1O1 p
Liberty lst CIV 4hs, S2-47..... 1O2 q
Liberty 4th 4Ls 33-SS.......... 1O3 II
Treasury 4As 47-54.,......,..... Ill
Treasury Is 44-54 .............. 1O7
Treasury ANS 1886. 1O5
The Waterbury Democrat., 1931-04-01

politics is not being held to the diseredit of Governor Roosevelt. In fact we rather im- agine that most sane people will realize that what is happening in New York is no differ ent than what happens in hundred other American cities every day in the week.
 Of course all the delegates and alternates- to the Houston convention did not respond to the poll taken by Jesse Isidor Straus. pres ident of the R. H. Macy Company of New York. In that respect the poll cannot be con- sidered as conclusive. But we don't think that Mir Straus intended it to be regarded in this light. He merely wanted to secure an expression of opinion from prominent demo- erats throughout the nation and we think he got it. A good proportion of those delegates who went to Houston in 1928 will go to the city where the democrats decide to convene in l932. And good many more of them than the 478 already lined up behind Roose- welt will be joining his standard. It is con- servative to say year before convention time he is the outstanding candidate.
 It remains to be seen whether he can m- peril his chances in the next twelve months. On the question of prohibition he doubtless will be forced to declare himself long before convention time. In fact republicans of the New York legislature have put the issue squarely up to him in several measures that are now awaiting his signature. While we are aware of the fact that there is an undercurrent of feeling that Alfred E. Smith will be dominant figure at the convention next year and may emerge as the presidential candidate again we are bit scep- tica We are inclined to think that Governor Albert C. Ritehie of Maryland will play more important part in the convention than his total in the straw ballot shows
 If Ritchie is to be considered as presidential timber 1932 will have to be bis year. He certainly won't be in the running in l936, although he still may be serving as Maryland's s chief executive. But his star will have set as far as the presidency is concerned. It will be 1932 or never for Ritchie and we think he real izes that. However, 1852 or l936 won't make much difference to Roosevelt. If he doesn't get it in l932 and republican is elected 1t will have to be Roosevelt in l936. But then again should democratic president be elected in l932 the chances are he would be renomi- mated and perchanee reelected in l936. If 1t
 isn't Roosevelt, then he will also be ranked with the "also-rans' At all events the dem- ocratic party is not at loss flor good can- ddates to lead the party to victory in 1852. There are any number. The difficulty lies
 in picking the right man.
The Waterbury Democrat., 1931-04-01
War On Drugs

The war against narcotics is now advane- ing on many fronts. The United States Bureau of Narcotics seeks to control the use of habit-forming drugs through the present laws governing their importation, sale and manufacture. The United States Public Health Service. through its division of mental hygiene. seeks to determine the amount of narcotic drugs required in the United States for medicinal and scientific purposes.
 The medical profession IS working along other lines. It is assembling through the American Medical Association. facts concern ing the legitimate use of narcotics in the light of the latest scientific advances. The National Research Council. through special research laboratories. is working to find drugs with no addiction properties which can do the pain relieving work of the habt-forming drugs already known and in use. This involves long and painstaking research, but the com mittee in charge hopes to achieve its purpose.
 If all these methods of attack are eo-ordn- ated and pursued steadily and thoroughly. good results should show before many years. The importance of the work and the tremend- ous human good to be derived from success cannot be overestimated
The Waterbury Democrat., 1931-04-01
Unreasonable Sports

Amateur athletics lately have been getting mixed up. An oldtimer can't follow them. Spring football training is one of the things hard to reconcile with rational life in col- lege or elsewhere football somehow seems to be natural cool-weather game. and the fall seems the natural time for it. Besides. it IS so strenuous game. taking so much out of the players and demanding so much attention and support from the other students. that three months in the year has always seemed enough for it. until lately. In the spring too. such practice nterferes with natural spring time sports, especially track and field games and baseball.
 There is developing, too, another complea- ton. In cities possessing buildings big enough for such events, there are competitive high school field days as early as March. Many a parent is surprised to find his boys engaged in one of these affairs. just about the time he would expect them to begin taking seasonal interest in outdoor games. The idea of hold ing field meet indoors Hope is dawning. however. for a return to sanity. Several col leges report official opposition to spring foot ball practice and in some colleges the students themselves are rebeling.
The Waterbury Democrat., 1931-04-01

Senator William H. Hackeu drawing upon his experience as tax collector of New Haven advised city legislators this week to make " per cent the limit that the city could estimate for the tax collection. At present the board of finance estimates 94 per cent for tax eolee- tions. Senator Hsckett revealed that in the last twelve years collections in New Haven actually varied from 89 to 92 per cent. Even that is a good showing, better than many cities can boast In recommending changes Tn the city charter Mayor Hayes provided that Tn borrowing in anticipation of taxes the amount borrowed should not exceed 70 per cent of the uncollected amount. That's conservative. but it prevents deficits
The Waterbury Democrat., 1931-04-01

day for Denmark when the United States paid it Sz5 5.O00.0 900 for these islands in the West Indies which are perfectly useless to us except in the event of war. Just now ways and means for providing livelihood for the na- tives of the islands are being discussed. One plan is to create winter resort there. The facilities are fine. the climate excellent, but being United States soil liquor cannot be- sold, hence the Virgin Islands will never have the appeal that other West Indian islands have. It will be useless to compete with them for tourist trade when three-fourths of the people who swarm to the other resorts do SO ostensi- ply for the liquor. Just chalk up the Virgin Islands as total loss If not too late give the despairing natives the right to manufacture St Croix and bay-rum as they did for gener- ations unmolested.
The Waterbury Democrat., 1931-04-01
Knute Rockne

Knute Rockne deadl It's almost unbeev- able. Why it seems only yesterday that the famous Notre Dame football coach was whip ping squads of men through simple maneuvers that were calculated to dishearten the strong est of opponents as they were performed with machine like precision. Knute Rockne's dead No that can't be so. Roekne's just been called away to coach another team in a far distant land team with George Gipp to captain it. And though Roekne is gone from our mortal midst his spirit, the bravest in football. will live long in memory,
 Countless Notre Dame teams will take the field in years to come fired by the spirit of the willy Norwegian. Countless opposing teams will find the same do-or-die spirit run ming rampant across the chalked lines. And when the Notre Dame eleven crouohes with its back not ten yards from its goal line those same opponents will see shrouded in mist under the goal posts the figure of Knute Rockne. And his Fighting Irish will know that Rockne is there and will hurl back the tide that would sweep them off their feet
 Hundreds of teams throughout the nation will benefit by the Rockne system. He taught 1t we'll. His disciples are spreading it wherever football is played. They will continue to do so for the chain cannot be snapped. Knute Rockne was an important factor in the foot ball world. He came out of the West few short years ago and in the twinkling of an eye had centered all attention upon the South Bend institution where he was not merely Knute Roekne the football coach. but real active part of the university life.
 There were many good qualities to Rocknc. He wasn't merely good coach but he was prophet in the wilderness. Many chose to follow him. Others were left by the way side. He was a success in his chosen profes- sion which is something every man cannot claim to be. And more than that he was a real man. good husband and fond father. What more need we say of Knute Roekne9
The Waterbury Democrat., 1931-04-01
FISH AND CAME IN THE STATE
 (Hartford Courant)

The answer made by John w. Tit comb, superintendent of the board of fisheries and game, to criticisms of the boards policies of stocking trout streams and pheasant cover leaves no further ground for attack A group of sportsmen had demanded that the board release partridge in proportion to the number of licensed hunters in the neighboring commun- ities and that trout streams, posted and preserved by fishing clubs, be stocked by the state. The first de- mand he answered by pointing to the fact that game birds can only be put down in suitable natural cov- CTS, and the second by commendably denying the right of private persons and clubs to have waters stocked by the state in which any citizen of the state is not allowed to fish.
 Under the direction of Mir Tit- comb, the state has been carrying out 8 generous program of preser-. vation and renewal of fish and game that has made 1t possible for any resident to find sport. The state can lay down fish and game. but 1t can-3 not provide trout streams or game cover where neither exists naturally. That sportsmeri must go out of their way at times for their sport is per-i haps regrettable, but 1t cannot be a subject for valid criticism. To lay down game in country which af-. lords no natural cover or to over. stock existing cover merely for the convenience of local hunters would be wasteful and fnhumane.
 As to the right of private fishing clubs who hold and past the length of stream, their demand for stock ing by the state is unconscionable. The right to take fish bred at the state hatcheries is the same for ev- done we'll to refuse the requests of the private clubs. The board of fish, cry resident and MT Titcomb has cries and game Is always open to suggestion as to how it's program may better be carried out, but when these suggestions are framed as de- mands and presented with so little regard to the rights of other citizens and the requirements of the game and fish. it's refusal to act will be upheld by public opinion throughout the state.