davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-05-21
MARYLAND BANK
MEET OPENS

ATLANTIC CITY, May 21.-
The Maryland Bankers Associa-
tion convention, opening here to-
day, was told by DR.. Benjamin M.
Anderson, jr., economist of the
Chase National Bank, New York
city, that the Federal antitrust
laws need revision. He said, in
part:
"The Sherman law needs
modification. 1t ought not to
apply at all to railroads or pub
lie utilities where public reguIa-
ton of rates and service exists.
"It needs modification as ap-
piled to raw material prOduc-
tiOn in fields where rapidly per-
ishabIe and irreplaceable natu-
raj resources are involved, no.
tabIy oil and natural gas.
But the modification of the
Sherman law to meet these spe-
cial cases ought not to sacrifice
the general principle of cOmpe-
titiOn as the only safe regulat-
ing force in the general field
of industry. My concern here is
less with the protection of con-
sumers from prices that are too
high, though this is important,
than with avoiding deadlOcks in
the industrial process that come
from loss of fIexibiIity in prices"
The present is the thirty-sixth
annual meeting of the Maryland
association.
The Washington times., 1931-05-21
By LEWIS HANEY

There are still too many low
yield stocks and too many high
yield stocks.
This condition means that
prices are out of adjustment and
values unsettled. It means that
some stocks are too high, and
that some dividends are uncer-
tain.
Until the stocks that are too
high are leveled down and the
dividend outlook becomes more
settled, the market is likely to
remain unsettled and Shaky.
Earnings Uncertain
The reasoning all goes back to
earnings per share, and the
ratio of prices to such earnings.
At present, a good many of the
leading stocks still show abnor-
mally high price-earnings ratios.
There are Still too many selling
for is to 20 times earnings-Gen-
eral Electric, National Biscuit,
United Aircraft. Public Service,
United Corp. United Gas I'M
provement. etc.
These are high ratios at any
The Washington times., 1931-05-21
CENTRAL COAST
UNIT PROSPERS

CHICAGO, May 21.-Pacific
Northwest Public Service Com
pany and subsidiaries showed an
increase in both revenues and net
earnings last year in face Of the
industrial and business depres-
sion. it is stated in the annual
report for 1880, issued yesterday.
The Pacific Northwest proper
ties constitute one of the major
subsidiary groups of the Central
Public Service Corporation which
recently acquired operating con-
troll of the Washington Gas Lisht
Company. These properties fur
nish electric light and power to
Portland and IS other communi-
ties in western Oregon and
through Seattle Gas Company,
which was acquired during 1890,
also furnishes gas to Seattle,
Wash. City and interurban trans
portation systems are operated in
Portland and vicinity.
Consolidated net earnings for
1880 were $6.206,387. Deducting
net interest charges of $3,639.111
and retirement provision of $780,
$50 there was $1,777,685 net in
come carried to surplus Consoli-
dated surplus at December 81,
1880, was $489,SC3 after preferred
dividends of 81 1,648, 1879 paid during
the year.
The Washington times., 1931-05-21
co t 7 ON MART
PRICES DROP

NEW YORK, May 81 G.N.SD.
The New York cotton market was
moderately active during the fore
noon trading today with prices
about steady. After making ad-
vances of S to 8 points at the
opening, the market gradually
fell back under the weight of
July liquidation until the general
list was a few points below the
previous close.
Selling was deferred and there
was some short covering on un-
wanted rains which were general
overnight in the cotton belt.
Showers for almost all sections of
the South we're officially predicted.
At midday, July sold at 923,
off 7; October at 9.57, off 5;
December at 9.76, off 6; January
at 9.87, off 5; and March at
1907, off 6.
There was a good demand from
the trade. Cooperative brokers
and Japanese interests bought
January and March, while pro-
fessionals and local traders cov-
cred the distant months. Wall
Street bought on the rains, and
spot firms bought May.
The Department of Commerce
announced that 33,057,118 cotton
spinning spindles were in place
in the United States on April 80
of which 26,645 .404 were operated
at some time during the month.
This compares with 26,489, ,332
for March, and 28,851,122 for
April, 1880.
The Washington times., 1931-05-21
COPPER DROPS
To NEW Low

NEW YORK, May 81 G.N.SD.
A record low price for copper was
set in the domestic market today.
The red metal sold at 8A cents
a pound, a drop of "a cent. The
previous low record was 8 cents,
set in 1894 and equalled by the
prices prevalent during the last
week.
Some producers. notably the
largest. continued to hold out for
9 cents a pound today, but the
market appeared to be we'll sup
piled at the lower figure, as the de-
mand was moderate.
Copper got its highest price in
April, 1929, when it sold for 81
cents pound.
The Washington times., 1931-05-21
HOME PERMITS
IN APRIL TOP
1880 HIGH
New Residential Building Up
1875 Per Cent Above March,
But Other Lines Decrease

Based On reports from $40
identical cities having a popula.
ton of $4,000 or over, the Bureau
of Labor Statistics announced to.
day there was an increase of 6.2
per cent in April building permits
over March.
There was an increase Of 1873
per cent in the estimated cost Of
new residential buildings, but @
decrease of 3.3 per cent in the
estimated cost of non-residential.
1880 Records Broken
The estimated total for which
permits were issued was $161, ,709,-
271. This provided for 1921
family dwelling units, 81 per cent
more than in March. More family
dwelling units were provided dur.
ing April last than in any month
in 1880.
The number of family dwelling
units provided increased So per
cent, comparing April permits
with those of April a year ago.
Permits we're issued during April
for the following important build
ing projects:
Some Big Contracts ~,
In Boston, for three instit,1.
tional buildings to cost nearly
$76O,O00, and for a roof garden on
the Ritz Carlton Hotel to cost
$500, 900.
In the borough of the Bronx
for apartment houses to cost over
$4,000, 600; in the borough Of
Brooklyn for apartment houses to
cost nearly $4,50O,0O0: in the
borough of Manhattan for three
office buildings to cost over $22,-
BOO, 900.
A contract was let by the super
vlslng architect of the Treasury
Department for a new post office
in Camden, N. j., to cost
nearly $5O0,000. A contract was
by the municipal arclai.
tect in Washington, D. c., for o
school building to cost over $4OO,.
900,
The Washington times., 1931-05-21
II. F. Sinclair Admits
Oil Merger Plans

Harry F.. Sinclair, chairman Of
the Sinclair Consolidated Oil
Company. admitted negotiations
were being made to consolidate
the Sinclair Prairie Oil and Gas
Company with the Prairie Pipe
Line Company and the Tidewater
Associated Oil Company.
Mr.. Sinclair. appearing yester.
day at the annual meeting of
his oil company in New York.
admitted this in reply to a ques-
ton from one of the stock
holders. He said. however, that
the negotiations had not passed
the preliminary stage.
The Washington times., 1931-05-21

able" after DR.. Luther H. Reichel,
derfer, chairman of the Board of
District commissioners, has vel
coined the delegates, who will rep
resent 3,700 member stores of the
association.
Other speakers at this session
will be Merle Thorpe, editor of
Nations Business, whose topic
will be Our Vanishing Economic
Freedom" and DR.. Murray Lati-
mer, New York economist, whose
subject will be The Problem of
the Older Employe." Later ses-
sions of the controllers, managers,
personnel and traffic groups will
continue at the Mayflower Hotel,
The Washington times., 1931-05-21
Youngstown Mills
Resume Operations

YOUNGSTOWN, Ohio, May 21
UN.SD After a lengthy period
Of idleness, eight sheet mills of
the Youngstown Sheet and Tube
Company were in operation to-
day, employing more than 300
men.
Operations at the sheet and
tube mills were resumed after
the Sharon steel Hoop Company
started eight mills in its Youngs-
town plant.
The Washington times., 1931-05-21
DR.. HeaLy Makes
International Plea

The United States must play a
part of greater prominence in
world affairs, according to DR..
Thomas E. Healy, assistant dean
Of Georgetown University School
of Foreign Service, who addressed
the Washington Rotary Club
luncheon yesterday at the VII
lard Hotel.
DR.. Healy traced evolution OF
American foreign policy from the
days of Washington to the present
day, when, he said, the 400, 900
Americans living permanently
abroad and the $4,000, 1000, 900
abroad make it necessary that
this country give more thought
to. international affairs.
The Washington times., 1931-05-21

Mr.. Mills was prevented from
attending by illness, and his
paper was read by Arthur A
Ba1lentine, assistant Secretary OF
the Treasury.
Tax Cut Hope Slim
The Undersecretary of the
Treasury holds out little hope for
reduction in taxes. He said:
''Viewing expenditures as a
whole, while a decrease may be
expected under some heads. it
is hardly likely, even after
eliminating temporary and ex-
traOrdinary items. that any re-
ductiOns under the average of
the last few years is to be anti
Cipated.
"On the contrary, the normal
trend of Government is up
ward. The annual average of
expenditures for the eight years
ending June 80, 1880, has been
S3,662, 100000.
History indicates plainly
enough that while in the first
few years succeeding a war ex-
penditures may be reduced
rapidly from the war level,
they never return to the pre-
war level, but remain on a sub
stantially higher basis"
Banquet Tonight
This afternoon the delegates
are sightseeing at Arlington,
Mt. Vernon and other historical
sites. The annual banquet is to
be held tonight.
Election of officers and action
on important reports are schedul-
ed for the last session tomorrow,
The Washington times., 1931-05-21
Rail Abandonment
Is Recommended

Examiner o. D. Weed of the
Interstate Commerce Commission
yesterday recommended that the
Delaware and Hudson railroad be
authorized to abandon "a miles
of its Honedale Branch in Penn
Sylvania.
Mr.. Weed said the line is
difficult to maintain and costly
to operate. The part recommend
ed for abandonment extends from
Carbondale to Honesdale juno
tion,
The Washington times., 1931-05-21
ELECTRIC OUTPUT OFF

Production of electricity by the
electric light and power industry
in the United States for the week
ended May 16 was 1,614.135. 900
kilowatt hours, compared with
1865, 1874, 900 kiloWatt hours in the
like week of 1880, a decrease of
3.3 per cent, according to the
National Electric Light Associa-
ton. In the week ended May 9
output was 1893, ,939, 900 kilowatt
hours against 1858, 9,618,00O kilo-
watt hours in the week ended
May 9, 1880, a decrease of "a
per cent.
The Washington times., 1931-05-21
Cuba's Sugar Export
To Il. s. Will Be Cut

HAVANA, May 21.-Cuba will
reduce her 1881 sugar export to
the United States by 100000 tons.
the amount to form part of
Cuba's total segregation of 1,5OO,-
600 tons, according to the Chad
bourne sugar stablizin gplan, El
Pals says. American markets, the
paper adds, have been unable to
absorb Cuba's monthly sugar
quota during the four first
months of 1891,
The Washington times., 1931-05-21
ancal Ne1us Stocks Bonds Commodities and Com nent
Retail Dry Goods Chiefs
Meet Here Monday

while the delivery group will met
at the Wardman Park Hotel.
Three Washingtonians will ad-
dress various of these sessions.
Eleanor c. Eckhardt, personnel
director of Frank r. Jelleff, Inc,
will. describe Two Ways of Con-
Quoting a Sales Meeting" Daisy
Reed, training director Of Wood
The Washington times., 1931-05-21

Arrangements are practically
complete for the opening of the
National Retail Dry Goods Asso-
citation convention here Monday,
when w. w. Everett, vice presi-
dent of woodward & Lothrop and
chairman of the local arrange
ments committee, will preside at a
joint session of the controllers
The Washington times., 1931-05-21
BANKERS TOLD
j. 5. EXPENSES
{. WILL GROW
Paper Read for Ogden |. Mills
at Convention Here Calls
Nearby Tax Cut Hope Dim

Ogden L. Mills. Undersecretary
OF the Treasury, suggested the
possibility that "our whole reve-
hue system" may need revision,
In paper read today before the
600 delegates attending the an
nual convention of the National
association of Mutual Savings
Banks, at the Mayflower Hotel.
The Washington times., 1931-05-21
ENDICOTT-JoHNSON

The Endicott johnson Co. fac
tories, on the average, are esti-
mated to be running at about 95
per cent of capacity. A few are
working nights. Production is at
the rate of about 10000 pairs a
day, based on a five-day week.
The Washington times., 1931-05-21
TAX REFUNDS ASKED

United States Court of Claims
has been petitioned for tax re-
funds by Orient Coke Co., Pitts
burgh, $131,656; Foundation Co.,
New York city, $129.247, and
Brooks Scanlon Co., Foley, Fla,
$1O6.82O.
The Washington times., 1931-05-21

tional Education, will talk on
Your Moneys Worth from Sec
ondary Schools"
Members of the local commit
tee on arrangements, besides Mr..
Everett, are Harold H. Levi, the
Hecht Company; Frank r. Jel-
left, Frank R. Jelleff, Inc; A. C.
Case. the Palais Royal; B. B. Bur.
gunder, S. Kann Sons Co.; Mark
Lansburgh, Lansburgh & Bro; I.
L. Goldheim, Goldheim's, and AL
bert D. Hutzler, Hutzler Bros. Co.,
Baltimore,
The Washington times., 1931-05-21
MERGENTHALER LINOTYPE co.
Brooklyn, N. Y, May 10, 1891.
DIVIDEND No 1Ao

quarterly dividend. Of $50 upon each Of
the 256,000 shares 'of present outstanding
Company win be paid on June 30, 1881 to
the stockholders Of record they appear st
the close of business on June g. 1881. The
transfer books viii not be closed
w. w. WELSH Secretary.
The Washington times., 1931-05-21
NEWS
In Today's
CLASSIFIED ADS

BUSINESS OPPORTUNITY - Here
ne.. chance rs.oSs to H%n station ySse S,ls1i sS6
ground can be purchased at q rea-
sOnable price Trade Ii desired.
SUBURBAN BUNGALOW FOR SALE
New bungalow. 5 rooms and bath
large attic garage
all modern improvements sit
uated on large lot In nearby VIZ
giniR near to bus and car
lines Priced for quick sale.
FURNISHED HOUSE FOR RENT
Modern Groom house for rent, COM
pletely furnished with up-tO-date
furniture owner leaving city
located within short distance
Of Walter Reed Can be rented
at a reasonable price.
Boston terriers pedigreed
male or female the ex-
ceptiOnaily low prices at which
these dogs can now be purchased
makes them deSirOus as n summer
gift for the children.
USED CAR FOR sALE-Chevrolet
coach, late 1899 excellent
condition can be purchased
for only S2S5.
ROOMS Fob RENT-LarEe, double
:. good food =. lunch packed
and laundry done for you :.
hOmelike atmosphere Florida
Ave. near 18th st. n. E.
These are "sidefi0hfs" on some o. SedRy
interesting advertisements you toin find in
'OdGVs ZtRses aHG AerGIG Classified @GA
The Washington times., 1931-05-21

USED CAR FOR sALE-Chevrolet
coach, late 1929 excellent
condition can be purchased
for only S2S5.
The Washington times., 1931-05-21

These are "si6efi0hfs'' on some o. many
interesting advertisements you toiU find in
Odags [iRses ERd Herald Classified A6S>
Imperial Valley press., 1931-01-12

repeated in the ceiling, this will tic
it up with the rest of the room.
The beamed ceiling may be paint
ed or stained to match the wood
work. If establishment is desired
and interesting pattern may be
stencilled on the beams in colors ap-
propriate to the motif of the design
Gloss Not Satisfactory
Directions for painting ceilings
including surface preparation and
finishes, are the same as for walls
Gloss paints, however, are not sat-
isfactory for ceiling work, for they
have the property of giving reflec-
tions of the light sources and are
consequently hard on the eyes.
If you have felt at all dissatisfied
with any of the rooms in your house
and can find no outstanding reason
for the fault, look to the ceiling
Consider it as one of the important
parts of the room and study its de-
coration very carefully. If it is out
of key with the decorative scheme
its inappropriateness will be felt al
though the trouble may not at once
be determined.
Imperial Valley press., 1931-01-12
CEILING DECORATION SHOULD
BE INCLUDED IN HOME PLAN

The successful room is one that
has complete balance. 1t is hard,
therefore, to understand the utter
indifference that has been shown
in maintaining the ceiling as part
OF the general decoration of a room
difficult 20 explain how the Gus
TOM o. staring white calcimined
ceil4ngs ever came into being.
tits true that white ceiling re-
fleets light, but so do all light colors.
And they do more. For instance, an
apple blossom pink ceiling will give
off light, but at the same time will
diffuse a warm glow throughout the
room.
Ofcourse the color should be reg
ulsted by the quantity of light that
Wmes into the room, either artifi-
cially or through the suns rays. A
room that lacks the sun will need
the high reflective qualities of
cream. yellow, buff or delicate
pink, but the room that is naturally
bright may be pale green, light
blue. or even delicate gray over
head.
Ordinarily the ceiling color should
blend in with the walls. One of the
best arrangements is to use much
lighter shade of the wall color For
example, if your walls are painted
green, light green is excellent for the
ceiling, or if the walls and woodwork
are Of warm gray, a pale gray will
blend in very nicely from the ceiling.
Sometimes it is possible to use con-
trasting colors harmoniously, such as
a pale maize ceiling above sky blue
walls.
Exceptions to Rule
There are exceptions, however, to
the rule that the ceiling should be
lighter in color than the walls. In
the case of an extremely high CELL
ing, a warm advancing color,
several tones darker than the wall.
will appear to reduce the height Of
the room.
Where the ceiling is too low for
the spirit of the room, ivory is a
good color to use. but in modern
houses, a feeling of warmth is desira-
BILE. Therefore, the formal atmos-
phere should be avoided. In large
room, plain one-tone ceiling is
likely to suggest baroness and frigi-
dity, and it is better to break up the
space by some such method as
paneling with a narrow and simple
stencil border, about foot from the
wall Or II the ceiling area is ex-
tensively- large, it may be broken up
into stencilled panels. Sponge mot
tied and blended treatments offer
further suggestions for ceiling de-
coration II the colors prominent
in the general decorative scheme are
Imperial Valley press., 1931-01-12
LOCAL BUILDING
PERMITS GET OFF
TO FLYING START

FL Centro is off to a flying start
in 1881 in the matter of building
permits, and if the present interest
in construction continued through
out the year, the totals at the close
will equal or exceed the excellent
showing made in 1890, banner build
ing year.
Building permits to the sum OF
S3290 were issued for the neaw year
at the city engineers office and
were for residences in almost every
instance.
One of the most favorable fea-
lures of the situation is said to be
the increasing number of dwellings
in process of construction here.
Homes of the better type, too, are
being built with increasing tre-
quency.
Many business structures are con-
templated during the opening
month of 1881 and undoubtedly will
add greatly to the appearance of
the downtown section.
Another interesting feature to
those who are concerned with the
growth of Ell Centro is the type of
business structure. Judging from
the recently completed buildings and
plans of those soon to be begun, the
town has outgrown the so-called
small town" commercial phase of
its development and has entered
upon a more metropolitan era.
Imperial Valley press., 1931-01-12
Copyright 1881 BY United Press)

Copyright 1881 BY United Press
SAN FRANCISCO, Jan. -. U.P)
Building construction and con-
tracing in the states of the Pa
| cific slope are starting banner
year.
The most optimistic note in west
ern business conditions since the
depression started was sounded in
facts and figures revealed by a sur
vey of the construction industry
Just completed by the United Press.
The amount of new construction
in the % leading cities of the west
gained 51.2 per cent for December
1890 as compared to the previous
December.
December. 1880, also registered
the impressive gain of 42.7 per
cent against the month immedi-
ately preceding.
California leads the parade of
the western states, with 100000, 900
worth of engineering projects eth
er under way or under contract.
Oregon. Washington, Arizona and
ether states of the Rockies follow
ed in close order and with pro-
Tortionately excellent showings.
"The VESTS 1881 building program
includes construction of bridges,
railroads. dams and highways, and
from a standpoint of total volume
will run more than last year." Earl
G. Lloyd. local executive of the AS
sociated General Contractors of
America, told the United Press.
THE final figure for 1881 now
bids fair to establish a record year
in the history of construction"
Bids on first construction in con-
nection with the gigantic Boulder
Canyon dam project will be op-
ened next Monday at Las Vegas.
New. Separate jobs to be let on
this one project will run several
million dollars during the current
year. The bids to be opened jan
uary u are for a railroad from
Boulder City to the dam site.
The Great Northern is at pres
ent building a s3,000,000 connecting
line across northern California to
connect its system in Oregon with
Imperial Valley press., 1931-01-12
Questions By
Home Builders

( Question: We plan to build this
{ spring and we do not want to have
/ the same experience which some of
our neighbors had who started out
to build their house for $4,000 and
found by the time they mad paid all
the extras that il cost them $4,000
What is the best way to avoid extras.
Answer: The best way to avoid
extras is to be absolutely sure what
you want before you let the contract
for your house and TO see that the
plans and specifications call for
these things. After the house is
started you can almost never change
the plans without running into extra
expense. 1t is difficult to get home
builders to study these things out in
advance, but after all there is no
other way to make certain as TO
what the total cost of the house will
be. You will always have extras if
you use a hit or miss plan gotten up
by someone who is not an expert in
house designing.
Question: Our neighbors built a
garage which overlaps our property
about two feet. Will this jeopardize
our right to the ground covered by
the garage? We do not wish to be
about the matter. What !,
can we do to protect ourselves?
Answer: You will suffer loss OF
your rights if you do not make some |
adjustment with your neighbor. Get !
your attorney to write up an agree
ment between you and your neigh
bor. There need be no unpleasant
ness about it.
Question: The ceiling in our living
room has a large crack in it and |
some of the plaster is loose. We are
told that it will have to be replas-
tered entirely. Is there any satisfac-
tory method of finishing beside re-
with all the dirt it makes?
Is there a covering we could use that
would hold the ceiling on, that
would stay if the plaster did not
loosen entirely? |
Answer: Replastering will make
a considerable mess, should be avoid
cd if possible. We suggest you re-
move the loose plaster and apply
gypsum wall board. This is quick,
Easy and inexpensive way to make
repairs. Cracked plaster is some
tines covered with canvas, but this
IS not satisfactory method to use
where the plaster is loose.
Imperial Valley press., 1931-01-12
HOME BUILDERS PAGE
Many Helpful Hints for Home Owners of Imperial Valley
BUILDING PROGRAM IN WEST
PRESENTS BRIGHT OUTLOOK

the Western Pacific's main line in
this state.
The California Highway program
also aggregates imposing totals.
More than $3l 100000 a year will
be spent on average for the next
10 years, State Highway Engineer
Z. H. Purcell told the United Press.
In a report to be submitted to
the current legislature, Purcell es-
timated the probable require
ments" for the next 10 year period
ending in 1940 as S3l3,565 .906. The
anticipated revenues available for
this work exceed the requirements
by $7000,000
In Arizona one of the largest
individual contracts let in the state
has been awarded to the American