davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-07-09
JUNE SALES UP
1875 PER GENT

Sales of Interstate Department
Stores for June, 1881, totaled
$2,163, $50, against, $1,S1O,OOS in
June. 1880. an increase of 1875
per cent.
Sales for six months ended
June 80, 1881, totaled $10,607,924,
against $9,971,134 in the cores
pOnding period of 1880, a gain
of ga per cent. Sales figures do
not include results of leased and
grocery departments.
Stores in operation on June 80
last totaled "a, as compared with
81 on June 80, 1936. Three addi-
tfonal stores now reporting were
opened last fall
Sales of old stores for June,
1881, .totaled $2,OS8, ,Oe1, "a gain
OF 15.5 per cent. For six months
ended June 80. 1881, sales of old
stores totaled $10,221 $50, a gain
of 2.5 per cent over the 1880
period.
The Washington times., 1931-07-09
LOW SILK PRICE.
To CONTINUE,
FORECAST
Analysis of Statistics Made
BY Haney Gives Little Hope
OF Near-Term Improvement
BY LEWIS ,HANEY

After a careful examination @
all available silk statistics, I find
little improvement in the funda-
mental position. Raw silk seems
likely to react after the recent
speculative squirt. :.
A little progress has been made
toward cleaning up the large
stocks of silk goods which the
mills have been dumping"
1t does not seem, however, that
enough has been accomplished
yet to allow the goods market to
show independent strength. Silks
are therefore likely to continue
very cheap. -
Production Drops
Fundamentally. and for the
long pull, the most bullish factor
is the decline in world silk pro
duction. The Japanese silk CO.
coon crops this year may be as
much as Is to 20 per cent u41.
der last year. Considerable re:
ductions appear in China, France
and Italy. -
At the same time, world coif:
sumption has gained a little, and
the world visible supply of raw
Silk-though very large-declined
last month. The free stocks" Of
silk in Japan are rather small.
Cocoon prices have risen.
But there the matter stops. The
outstanding fact continues to be
the enormous quantity of 10000
bales held in storage in Japan.
This is exactly the same condt.
ton as exists in our cotton and
wheat. e
The japanese government n
financing a huge carry'Over, and
the silk farmers are urging IT
not to sell this custody silks
Surplus Heavy 20
I figure that the combined
stocks of silk at New York and
Yokohama alone averaged 131, 600
bales in the last three months;
which is 1852 per cent above the
average of recent years. "a
How excessive this supply ~
may be seen from the fact that
silk machinery activity in the
United States is more than 10
per cent below average. eve cons
sumo over 80 per cent of the
Japanese silkD
Under the circumstances, rioths:
ing more than temporary spurts
in silk prices can be expected,
There is always the overhanging
weight of japanese storage. -;
So while I think it probable
that raw silk has seen bottom lev
els, it should react after the re.
cent run-up. and continue ve1Y
cheap for long while. The hos
iery market may stiffen a little
but no improvement in broad.
silks IS in early prospect. r. -
The Washington times., 1931-07-09

approximately $50 per cent dur
ing the period, but taxes went
up 1000 per cent, or more than
10 times as fast.
1902 Ratio 3.4
In the year 1902, according to
q table published in the report,
the taxes paid by ectric light
and power companies totaled ST.
54,885, representing 3.4 cents out
OF every dollar of consumer
revenue and 81 cents out of
every dollar of investors income.
BY 1922 the companies total
taxes had increased to $73,128,-
40, or 8.4 cents of every con-
Sunler revenue dollar and 1876
cents Of every dollar Of investo :;
income.
The taxes paid by companies
in 1929-the last year for which
figures are available - totaled
$187 100000, which represented
81 cents out of every dollar of
consumer revenue and 1876 cents
out of every dollar of investors
income.
The ratio of taxes paid to gross
revenue from domestic service
grew from 4 per cent in 1912, to
80 per cent in 1929.
One-Third Saving
The bulletin figures that if all
electric light and power COM
panies should be relieved of all
taxation and directed to apply all
money now being paid in taxes
to the reduction of rates for
domestic service the average
rate, now approximately 6 cents
per killowatt hour. would be re-
duced to approximately 4 cents
per kilowatt hour.
The Washington times., 1931-07-09
FUTURE COTTON
HOLDS Low

NEW YORK, July 9 G.N.SD. L..
Cotton futures were again lower
during the forenoon trading to-
day on bearish news from many
quarters and heavy selling by
Wall Street.
The scanty acreage cut of 10
per cent and the favorable crop
news hit the market at a most
inopportune time. The acreage
was estimated at 11,491, 900, the
smallest since 1923, but the cut
in Texas, the principal cotton
State, was only per cent. An
acreage of 100000 picked in
1924 produced 13,628,0OO bales
and an acreage of 37,043, 900
planted and 35,878,O0O picked in
1920 gave 13,439,000 bales. So
there is no knowing what is
ahead in the matter of the size
Of the crop. Some think 12,500, 900
to, l2,750,000 bales. but it is too
early to take crop estimates
seriously.
There was some selling by
local traders and professionals.
The trade, however. was a fairly
good buyer on a scale down. Wire
houses and cooperative brokers
bought.
At midday, October sold at
9.65, off 10; December at 9.96,
off 8; January at 9.97, off 8;
March at 1907, off 6, and May
at 1892, off II.
The Washington times., 1931-07-09
CURB MARKET T.
UNEvENTFUL

NEW YORK, July 9 0.N.SD.
The curb market backed and filled
narrowly in a generally unevent-
full session today, with the general
run of active trading leaders dis
playing fairly steady undertone
for the better part of the days
activity.
The utility group held up in
fairly good shape. Advances
which at no time exceeded frac-
tional proportions were noted in
American Gas and Electric, Ameri-
can Superpower. Electric Bond
and Share, American and Foreign
Power warrants, and United Light
and Power.
Weakness developed in AsSoci-
ated Gas and Electric A, a pro-
nounced laggard in recent weeks,
and this one-time favorite de-
clined to a new 1881 low at 1875,
off IS from its previous close.
Cities Service continued to sag,
duplicating yesterdays low point
at 1114, off "a.
Oils ruled firm, with modest
gains chalked up by Standard of
Standard of Kentucky,
Standard of Ohio and Vacuum.
Aluminium was bright feature
in the speciality group, running up
8 points to 1873 before backing
away. Singer Manufacturing, an
inactive performer, gained 4
points at 246, and good demand
was also noted in such low.priced
favoriteS as Cored Corporation
and Woolworth. Ltd.
The Washington times., 1931-07-09

N. Auth, vice president of the
N. Auth Provision Co.; F. w.
Harper, president of the E.. Nor
rison Paper Co.; Louis M. HeW'
lett, secretary of the Griffith-Con-
sumers Co.; w. R. Little, auditor
of the Evening Star Newspaper
Co.; R. B. Leedy, credit executive
of Kingan and Co., Ltd; John
A. Reilly, vice president of the
Federal-American National Bank
and Trust Co., and Eugene A.
Ruark, superintendent of the
Washington office of Bradstreet
Co.
Directors who still have an
other year to serve are: r. j.
CLANCY, of Commercial National
Bank; Hilleary G. HoSkinSon, of
Riggs National Bank; j. Frank
Kelly, of j. Frank Kelly, Inc;
Maurice Mazo, of Mazo-Lerch Co.;
Kenneth S. Miller, of American
Radiator Co.; Lister T. Watts, of
Standard Oil Co., of New Jersey,
and F.. w. White. of National
Electrical Supply Co.
The Washington times., 1931-07-09
SOLDIER BONUS
AIDS ISLAND.

Notwithstanding the reduced in.
come from the sugar crop by rea-
son of low prevailing prices, and
the delay in marketing the to-
bacco crop, Trade Commissioner
j, R. Mickey reports business &C
tivity in Porto Rico fairly good,
with merchants replenishing their
stocks and the collections continu-
ing satisfactory.
1T is expected, however, that
the summer dead" season will be
accentuated by the enforced econ
ohny in expenditures on the part
of the sugar industry. Uncer-
tainty regarding the arrange
ments to be made for financing
the coming sugar crop is causing
some uneasineSs in business cir
cles.
" Bankers in country towns as
cribe the favorable business &C
tivity in part to the distribution
of soldiers bonus funds. The
exact amount distributed so far
is not known but it is unofficially
reported to be in excess Of 81 ,0O0,-
900.
Unofficial reports, based on the
reports of large San Juan bank,
reveal that the average individual
payment was in the neighborhood
of $3.50. The distribution Of this
money throughout the community
is thought to have been very help
ful in sustaining business, par
ticularly among the smaller mer.
chants.
The Washington times., 1931-07-09
Line Is Authorized
To Call at ALbanu

The Shipping Board yesterday
authorized the Hampton Roads
Line to make calls for cargo at
Albany, N. Y. 1t is the first line
to seek establishment of regular
overseas service from the Hudson
River port.
The Hampton Roads Line, oper-
ated by the Southgate Nelson Cor
poration, Norfolk, runs four steel
cargo steamers between North At
lantic ports other than New York,
and ports in Great Britain.
The Washington times., 1931-07-09
Internal Revenue
ShOIUS O. Decline

The Governments internal reve-
nue. receipts for the fiscal year
just ended totaled $3.O40,l45,-
1887, according to final figures
announced yesterday. This was
$611 .965,5l2.72 less than for the
preceding year.
The total for the year just
passed was divided: Corporation
taxes, $l,O26, ,443 $50 IL. a decrease
OF 236,970,936 40; individual in
come taxes, 1898, ,758.l1O.96, q, de-
crease Of $313,O86, ,652.72, and mis-
cellaneous taxes, $567, ,97S, ,579. .38, a
decrease Of SCI .9O7. .923.51.
The Washington times., 1931-07-09
MAY DIVIDENDS
NEAR DOUBLED
IN JUNE
Payments Last Month Total
S412,327,77s, With Utility
and Oil Companies Leading

Cash dividends we're paid by do
mestic corporations in June to a
total of $412,327,778, according to
the Standard Statistics Company
of New York. This is O Subsran-
tial advance over the May figures
of 1928, ,608,425.
Electric light and gas conpa-
nieS led the list for the third con-
secutive month, with payments of
more than $62,000,00O.
Petroleum companies were next,
with a total of more than $780,
100000.
The seven next in line are rail
roads, with $45,690,152; automo-
bileS, $38,11O,269; banks, $21 ,286,-
594; steel, $21,241 ,405; retail
trade, $17864,770; investment
trusts and holding companies,
$17,196,524, and chemicals, $751;
246,509.
The Washington times., 1931-07-09
Washington Loan Co.
Declares Dividend

At the monthly meeting yeSter-
day of the board of directofs OF
the Washington Loan and Trust
Company the regular quarterly
dividend of 3 per cent was de-
clared, payable August l to stock
holders of record July Is.
Books will be closed for the
transfer of stock from July Is to
August /, both dates inclusive, Of
tlclalS of the company stated.
The Washington times., 1931-07-09
Consumer POUer
Snent. S22.4.2O.24.2

Expenditures of $22,430,243 in
1880 for additions and improve
ment to property were revealed
today in tn pamphlet report of
the Consumers Power Company.
New construction included work
on a 40,000-horsepower hydro
electric development at Hardy
Dam on the Muskegon River.
Sales of electricity to the resi-
Dental customers were 1886 per
cent greater than 1929. according
to B. c. Cobb, president.
The Washington times., 1931-07-09
FRENCH DELAYS
ON PACT HELD
BENEFICIAL
Gave American Industry Time
To Read Earnings Records.
Unafraid, Asserts Wright

Although official quarters in
other nations chafed at the de-
lay OF France in signifying &C.
cord with the moratorium pro-
posals of President Hoover, the
poStponement of agreement, in
the opinion Of Gage P. Wright.
New York investment counselor
and president of the Business
Economic Digest, may prove to
have provided exactly the stimu.
liant needed to jolt American
business into real upward
movement.
The New York Stock Exchange,
in accord with its propensity to
act first and think afterwards,
had already discounted the inter.
national benefits expected to re-
suit from the Hoover plan. Amer
lean industry, however, faced the
necessity, in the next few weeks,
Of putting on record the results
of its activities, or rather the
lack of them, during the last six
months.
Act With Courage
1t can do this now with more
courage and greater confidence
IN the nations ability to read
the record without anxiety and
apprehension, than it could have
done had accord on the morato-
rum been reached earlier so
that its effect upon public senti-
ment might have lost some of
its first vigor. Mr.. Wright said:
Earnings reports cannot be
OtherWlSe than poor and their
effect upon public sentiment,
already, at low point because of
continued depression and un-
employment, under other cir
cumStanceS, must have been to
weaken further such little con-
fidence as remained. In view of
the accord upon the mora.
tOrium, quite a contrary effect
may very likely be noted.
There is unqueStiOnable
evidence that business regis
tered a slight effort to begin
an upward movement in the.
last 10 days Of June. Com
modify prices turned upward
in that period and since that
time have maintained an up-
ward trend. Some heartening
of confidence was noted in
general throughout business,
and the final success of Presi-
dent HOOver'S plan has given
this just the filIip it needed to
establish it on a firm basis"
Just Past History
From Mr.. Wright's point of
view, business sentiment may be
expected to view the unsatisfac-
tory earnings statements of the
last six months, soon to be re-
leased, as the necessary histori.
cal record of a period that has
passed, and not as a forecast of
the period that is to come. =,
The first six months of 1881
are already water over the dam"
and the inclination to view them
as the prognosticator of events in
the second six months has been
greatly lessened by the enthusi.
asm created by the success of
HOoVer'S idea.
The Washington times., 1931-07-09
CLAYTON KEEPS
CREDIT POST

Charles w. Clayton has been
reelected president of the Wash
ington Association of Credit Men.
Mr.. Clayton is secretary of the
F.. P. May Hardware Co. and has
been active in the credit mems
organization since it's inception.
Waldo j. Tastet, of Fries, Beall
and Sharp, was reelected vice
president.
The following directors have
been elected for two years: John
The Washington times., 1931-07-09
Financial Neus Stocks Bonds Commodities and Com men
New York Bond Market
Fractions represent Sends
InII nlennn INI LIZ


United States High Low Last
Liberty ans '82-47 I1O2 1910: 17IlO3 II
Up ist as $2-ad iOS IL iOS u iO3 -
Nv ~ domestic s-&s ~ His6i Low Last
E6j,,SI ~; ~, -, E1I-7 ~
AiIeg 60 ~ Vs. - 20" -
AiIce Corn 5s ;i9 - - ~
AIIeebanv rcts 5s ~ sa7L ~
AmeT y icy rS'S OS''''' l,oot. I,SS% SS% nov
rc &c o. ,'''' iSc = iSS 81, lVS
a." a. rnsE rs mem net Sns"'' ~ SSS7 ~
RtIantto tty ttr
u n ~ 1oO y ,n0 4 i,o0 j.
q 4ES;.''''''''i iVoF ,So a i0Oi ,O0h iOOa iOOM
RsS ret G. iSS = iiVS iSS - y iOS7
Reth G nur mon 5s 1op6 i1O2 Z i1O9s
Beth st ref deb Sc. ...l1O4i% Il04IS i104ig
Buff G&E 4iss lIO6 j1O6 l1O6
Bush rSrm con, ;s 80 80 81 80 81 81
Ca Maj Rvs 5s'6g OctllOSa. j1O6 T. '1O6as
Can Nat Rvs 5sIuIv'6SiiOs aS ms a. iIOS a.
Can Maj Rvs ILs ,Siji0i 4 100 Z 100 -
80 - Hys 9' "VtIi"I |" 80 ~" 2, ~ ~" t"V
Csn Cs Mat @ Rys Is ,ee44i0G% I09 i0G% 0Gh iOGh
Gan Nat nv 4Ms ii0R IiSaisIiS31s
cent nj Eiac 5s 9SIki gGI' 96i5
Cent Pacific 1st ref 81 S77s SS7sI S773
C6ns pact'c COS lSS SS loS 9S,L lSS SS
e EneesSpeake torP os'' SsS4 30 2 go
Cb%2 III diV dF1s S. ~ 81 Sa =
chi & Esst III So 3SM S3% SS&
~; ~ e. SSt "St ""SSaty "St o.
r. "i MSP&p S%I adi3s 9Gon 81 SsaTs s9T SSSE
chi MStPnP puiSS i IV"%H sS, 80 sasaI 90
.Ciii pIspn4Si SoSS2 90 VS,L
Gin ~ =. is. cn SI as al
y, - !" 80 iS1 = = 1oI ~ mi =
80, Sm sc" '''' ", Z
Coi T. ss 10 HoI 90 %9M SS%
Con.in ~ sSt.t est sou
Sononh, Tei 1SSi2a 1D2is '102Ia
n : , ga 79i "a
Zen De" 'el 'S''''i 30 t,oS,. i,0S1a
Det D 1 EI iO2 i02 ELK a. to2as
% Det "a "a oS Of - iS7ss i07 i07
The Washington times., 1931-07-09
Consumer Demand q
3s'
Likely to Broaden

Adjustments in most categoriest
of costs lately have gone SUI:
ficiently far to warrant broader
consumer demand for goods, ana
this could easily accentuate the
spottinesS Of dealers Inventories
says the Standard Statistics Com.
pany, Of New York, in a survey
Of commodity price trends. =,
The Washington times., 1931-07-09
TIRE PRICES CUT

Sears, Roebuck and Company
have reduced the price of its
Companion Tire an average of
something over per cent. Good
year. Goodrich and General tire
companies have reduced their
third line of tires in proportion.
The Washington times., 1931-07-09
10 Per Cent Decrease
In Cotton Acreage

A 10 per cent acreage reduction
in cotton for the current season
was reported by the crop re-
porting board" of the Department
of Agriculture yesterday.
There are 41.491,000 acres of
cotton uder cultivation at the
present time. is was stated,
against 46,078,O00 acres a year
ago,
The Washington times., 1931-07-09
". J. Standard Oil
Cuts Gasoline Cent

A reduction of one cent gal
Ion, both tank wagon and service
station prices, was made today by
the Standard Oil Company of
New Jersey, throughout it's mar
keting territories, with the ex-
ception of Delaware.
The Washington times., 1931-07-09
LESS SOVIET WHEAT

The 1881 Russian wheat crop
probably will be somewhat smaller
than that of 1880, even though
the acreage has been increased,
states Bureau of Agricultural
Economics.
The Washington times., 1931-07-09
ROAD WOULD SELL NOTES.

Authority to issue $4,000 81
promiSSory notes in renewal Of
collateral notes maturing in the
next so days was asked of the
Interstate Commerce Commission,
yesterday by the Pittsburgh and
West Virginia railroad.
The Washington times., 1931-07-09
NE WS
In Today's
CLASSIFIED ADS

BUSINESS OPPORTUNITY-He
is the chance to own your own
business variety store
soft drinks, cigars and candy
business already established
owner will sell for only S4O0
located in excellent business section
Of Washington.
ROOMS FOR RENT-K at. near
Connecticut Ave. &. lovely sin
gle and double rooms in private
home refined atmosphere
.. excellent meals reason
able rates.
USED CAR FOR SALE-Ia Sale
car for your summer vacation trim
excellent condition
can be bought for only $475.
LOTS FOR SALE-In nearby Mary
land lots from haIf-acre to S
acres one block from the
bank and business center
very reasonable terms
investigate today.
APARTMENTS FOR RENT-In the
! and rooms. kitchen, dinettP and
Grafton resident manager.
These are "si6rIi0ktS" On some og man
interesting srtiSeWentS you trm fin
! todays Classified ADJ.
The Washington times., 1931-07-09
Decrease in Ohio
Industrial Jobs

Industrial employment in Ohio
in June declined 3 per cent from
May, and was the second consecu-
tive month to show a decline
which was counter to the seasonal
trend because Of the falling off
in manufacturing employment.
The Washington times., 1931-07-09
HIGH ELECTRIC
!. RATE IS LAID
To TAXES
National Light Association
Bulletin BIames Them For
, One Third Cost to Consumer

The percentage Of revenue paid
as taxes by electric light and
pow. companies in the United
States has trebled in Is years,
says a National Electric t
Association bulletin. Gross revenue
from domestic service incrt i
The Washington times., 1931-07-09
Good Business
News Items

Stock Buying for Fall Up
turn Reported.
Cash Dividends in June
Nearly Double Mays.
Stores Sales Gain Nearly
20 Per Cent.
Soldier Bonus Spurs Porto
Rican Trade.
The Washington times., 1931-07-09
BANK STATEMENT
REPORT OF CONDITION OF THE
Bank of Commerce & Savings
RESOURCES

Washington. D. c., in the District of
GoIum 6ia' at the close. of business on
The Washington times., 1931-07-09

RESOURCES
]. Loans and discounts. s.,$1,337,466 2s
2 Overdrafts. fts........... 1449
3. United States Govern
ment securities owned. 102,375 90
4. Other bonds, stocks, and
securities owned. ........ 33s,744Ss
.. Banking house. furniture
and fixtures. s,.........,.: 2S1S454 As
I. Real estate owned other
than banking house. 1871 rs
y. Cash and due from banks 6,444 91
lO. Outside checks and other
cash items. s.,............ 1852 so
IA. Other assets. 439 81
Total. ,4s3 IS
LIABILITIES
IS. Capital stock paid in...3 1NO,Noo nO
16. Surplus. .........,: 165, 600 no
Il. Undivided profits-net 4S.9S2 II
contingencies. etc.,.,, $500 90
l9. Reserves for interest.
taxes and other ex-
penses accrued and un-
pald. ......., .,........,.. z'0o" -.
21. Due to banks, including
certified and cashiers
checks outstanding..... @9.296 I!
%. Demand deposits 67S.5S1 IA
-. Time deposits. l,l49'4o5 ~
81. Other liabilities. 1Ol 20
Total. 2O5,4ss IS
City OF Washington. District OF Co
lumba. SIS:
l, Thomas J. Groom, Cashier OF the
a abOve-named bank. do solemnly swear
that the above statement is true TO
the best OF my knowledge ard hehet
THOMAS j. GROOM.
Cashier.
Subscribed and sworn to before me
this eth day of July. 1881.
HARRY s WOLF.
Notary Public
Corrcct--Attest:
NJ. D. ROSENBERG.
Ellie SHEETZ.
Directors
The Washington times., 1931-12-24

Roberta had seen it twice and
had carried on a conversation
of college memoirs all during
the performance; and she re-
membered the speakeasy in Erie
had better air.
The next morning began
again at lunch time. Then
there was an orgy of shopping,
in and out of every doorway on
Fifty-seventh Street, Madison
and Fifth Avenues. In and out
of gown after frock until cock
tail time.
The result of all this mad
shopping was small pairing
knife that could be bought no
where except at Woolworth's,
Fifth Avenue.
Then another speakeasy and
home to dress for the dinner
party that Roberta had hur-
riedly thrown together. But it
was a supreme effort: all the
right people, a world-renowned
violin virtuoSo and his wife,
who painted miniatures; a Met
ropolitan soprano; the leading
modern sculptor; a painter Of
the abstract; two or three ad-
vertiSing men who were mar
ried to women novelists; authors
until you couldn't see your
hand before your eyes; poets
minor and one somewhat major:
a team of architects; a French
caricaturist who had been born
and raised in Cleveland; sew
eral editors, male and female
or both; an interior decorator.
An assorted group, but all Of
them doing things with ven
geance.
All this in honor of Eliza
beth, and this was the night of
her dream. 1t went higher than
seventh heaven, the satisfying
of her long years of appetite,
something to put aesthetic
meat on her bones of longing
glory was hers!
Famous People
Her seat at table was beside
a soprano that she had known
only in newspaper half-tones.
On the other side of her was
the abstract painter. Across
from her was the most popular
actress of the day. Next to
the actress was a columnist
who wrote the witty headings
for typographical errors.
Here she was crow among
birds of paradise. She was
afraid to speak for fear her
cav would scare the lovely
creatures to flight, so she sat
back mute and listened to the
music of their conversation.
The soprano was speaking to
the painter.
my dear, it's ages since I've
seen you, what have you been
doing?"
The painter answered:
"Oh, nothing startling. I've