davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-01

dividend; dividend; previously paid s2A cents
Inland Utilities domestic rates low
ereo about II per cent In 10 towns.
mcintyre Porcupine Mines, Ltd, pro-
oucuon nine months to September 80
Mengel Co. passed preferred dividend;
paid $l.15 September /.
Teck-Hughes Gold Mines production,
nine months to September 80, totaled
Warren Foundry A Pipe declared 80
cents common dividend; paid so cents
October !.
Wright-Hargreaves Mines, Ltd. pro-
ouction' nine months to September 80
totaled $2,l07,47s.
yale o. Towne Manufacturing-De-
cisleo cn 40 cents dividend: formerly paid
% cents quarterly. -
Johns Manvilie Cornorat,on De.
clared Is cents quarterly Common diyi-
dend; formerly paid rs cents.
Long Island Railroad-october net
operating income of 27s ner cent. IN
months on Sc per cent.
Seaboard Public Seryice-Declared An
cents special common dividend.
49, OaCAuenIal Corporation - En-
joined temporarily from declaring diyi-
oendS pending final disposition of
etocknoioers' petition for a permanent
injunction prohibiting COMPANY from
feoucng capital, amending by-laws, etc.
Ceianese Corporation America-Takes
no acton on first participating prefer
req dividend; paid $3.50 June 80.
Radio Keith Orpheum - President
urges stockholders to deposit nroxies:
WOut1 Sonsider any plan submitted by
stockholders committee. -
REQ Motor Car-Noyember sh,nments
7S6 units, VS.. l,275 In October,
Warner Bros Pictures-studio sala-
ries cut 20 to 80 per cent.
Barnet Leather-Deficit nine months
70 .. september 80 $s5,5S6, VS.. deficit
Bigelow-Sanford Carpet-Rue prices
per cent. 80 S-' " ~
Borden Co. New York subsidiary cuts
% wholesale store price Of bottled milk 3
Chicago b North Western Rv re-
quess. union workers to accept is per
Cncago. et. Paul, Minneapolis q
Omaha ~. requests union workers Ia
scCep. 40 per cent wage cut.
Empire Public Service deficit. six
months 70 June 80. 14lT, SOC.
Fajardo Suaax common share earn
Evening star., 1931-12-01
Grain Market
BY the Associated Press.

By the Associated Press.
CHICAGO, December 1.-Grain prices
underwent sharp early setbacks today,
affected by sensational fresh breaks in
British exchange rates and by New
York Stock Market weakness. The coll
lapse In sterling was to 3.291s, an over
night fall Of 10 points.
Opening %-1M cents lower, wheat
afterward held near the initial range.
Corn started s-1A on and then
Steadied.
Substantial rallies in wheat prices
took place later as q result Of December
unofficial domestic monthly crop sum-
maries. One comprehensive report esti-
mated Winter wheat planting at 36,086,-
600 acres, q reduction Of 14.9 per cent
compared with last year. The crop
condition was figured as 1914 Of normal,
against 86.3 year ago and 83.2 the
more than so years has the December
condition Of Winter wheat been below
80.
Another report covering results Of a
2,0OO-mil trip in the Southwest by q
leading crop authority said that total
of 100000 acres Of domestic Winter
wheat has the poorest start ever known.
The report stated that there was little
or no reserve moisture over the big
heavy producing territory, and until re-
Gently there was from none to only q
trace Of upper moisture at seed-bed
depths. Detailed forecasts Of produce
ton indicated radical decreases from q
year ago: Kansas probable production,
104, ,039 900 bushels, against 223, ,497 900;
Nebraska, 38,868, 900, against 58,770, 900;
Oklahoma, 43, ,425 900, against So, ,632, 600,
and Texas, 35,173,0 900, against SO, ,720, 900.
Corn and oats sympathized with wheat
price fluctuations.
Provisions reflected setbacks in hog
values.
Evening star., 1931-12-01
MARKET
SHOWS MIXED TRENDS
BY the Associated Press.

By the Associated Press.
AutomotiYe market surveys received
by Federal departments for the third
quarter present almost as varied q pic
ture Of trading conditions as the num-
ber Of countries covered.
In general, sales of passenger cars
were downward, whereas the demand
for trucks held up better and consti-
tuted the bright spot In the automotive
sales OF several countries. In q few
cases it was reported that the actual
number OF motor. vehicles In use had
declined.
OF the automotive producing coun-
tries for which surveys are published,
Czechoslovakia and Sweden were re-
ported as active. The problem of ex-
change in q number Of foreign coun-
tries was an important factor IN the
international trade.
Evening star., 1931-12-01
FIXED UNEMPLOYMENT RELIEF
PLAN URGED BY BUSINESS HEAD
Bush Terminal President Declares Prep
arations for Other Periods Of Depression
Should Be Made at This Time.

most Of the present troubles are due
to the government mixing in matters
entirely outside OF proper governmental
function.
Favors Contributions.
ITO my mind" he said, 'the proper
method Of raising the necessary fund Is
from the pay envelope, and then have
industry match that sum or contribute
more, II more Is necessary.
cit can readily be seen that such con-
tributions would amount to an enor-
nous sum. The purpose for which 1t Is
collected makes 1t most solemn trust,
and 1t Is worthy Of the highest type Of
administration that can be provided.
ITO have 1t administered by as many
organizations as there are industries
would, am convinced, be a serious
suit In a situation where, when the
need for using the money arose, per-
haps most would be found to have been
ably managed, but inevitably there
would be found others that had been
mismanaged, with no relief available
for those groups of unemployed.
ITO guard against Just such q con-
tingency. I would suggest that some
permanent central body, one that is
dbOfC CNCn -tAlC BUSplC1Ou Oh TGDTO6cn,
be created to administer the fund. Per-
haps 1t would be too much to expect
that one body could do the work for
the entire country. In that event re-
gional organizations could be formed
for the work"
Suggests Policy.
One point, not to be lost sight Of,
Bush said, Is that the money should be
invested In thoroughly sound securities
that can be quickly iquidated. The
matter OF return on the investment, he
believes. is Of secondary Importance, as
the chief purpose is to have the money
readily available in time Of need.
In administering the relief enough
should be distributed to keep the un-
employed from actual want, he said,
but. on the other hand, there should be
safeguards TO prevent giving so much
as to make unemployment more profit
able than working.
(oopyright, 1870
Evening star., 1931-12-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, December 1.-The fol-
lowing is q summary Of important cor
poration news. prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend. 49,.
Automobile production declined further,
but the decrease was again less than
the usual seasonal amount. Actual out
put, according to Grams Automotive Re-
ports, totaled 1875 vehicles, which COM
pares with 8,709 units in the previous
week and 37,607 units in the CORE
spending week Of last year.
The first u railroads to report earn
ings for October had o drop in net
operating incomes Of 43.l per cent from
October, 1890. This compares with q
decline of 47.4 per cent In September.
Returns to date indicate that the 10
months net operating incomes Of all
railroads win be about 3e.8 per cent be-
low the like 1880 period.
The Companies.
Colorado q Southern Railway Octo-
Der net operating income, including
Fort Worth B. Denver City and wichita
Valley Railroad, on lO.e per cent; 10
months on 125 per cent.
Crown Willamette Paper 50 second
preferred share earnings, six months to
october 81, 423.3e, ys. 9t6.25.
Delaware & Hudson Co. president ex-
poets per cent earnings for current
year.
Standard OIL Of New Jersey gasoline
prices increased n cent o gallon
throughout entire territory, except Del
aware, where advance was ! cent.
Adams Express passes common divi-
dend; previously paid q cents guar
Atchison. Topeka A Santa Re Rail-
way Allowing no indication Of pickup
In tra0ac; November loadings reported
about ID per cent under year ago.
Chicago. Indianapolis q Louisville
Railway October net operating income
on TIA per cent; 10 months, Oh 75.o
per cent.
Cuban Tobacco passed preferred div
tdend; paid 42.60 June 90.
Holland Furnace, IS cents common
Evening star., 1931-12-01
PRODUCTION OF COPPER
IN MANITOBA GROWS
Special Dispatch to The Star.

Special Dispatch to The Star.
WINNIPEG. Manitoba, December /.
"A total of $40 cars. Of blister copper
and 385 cars of zinc were shipped from
the mines of the Hudson Bay Mining q
Smelling Co. at Film Flon, Manitoba,
within one year Of the initial shipment
on November 81. 1880, according to
freight department officials of the Ca
madam National Railways. During the
past IL months, shipments have in
creased steadily, reaching a peak in
october last when 1l8 cars we're con-
signed to Eastern Canada. Most Of
the copper was for export from Mon
treal, the rest being consigned to re-
fining plants at Copper Cliff. Ontario,
and points in Quebec.
In addition to handling its own ores
the Smelter at Film Flon has received
444 cars Of concentrates from the Sher-
rit-Gordon mine since operations COM
menced at Sherridon in April. United
States capital Is heavily Interested in
this new Canadian industry.
Evening star., 1931-12-01
CRUDE OIL OUTPUT
DROPS DURING WEEK
BY the Associated Press.

BY the Associated Press.
TULSA, Okla. December 1.-Okla-
noma's flush fields led the way to Q
decrease Of 26,3s6 barrels in the daily
average crude oil production Of the
United States for the week ending No
vember %, the OIL and Gas Journals
table Of production shows.
Total production last week was a.
416, ,597 barrels daily, while for the pre-
ceding week production average 2,442,-
993 barrels.
Oklahoma's production was 523, ,435
barrels daily, as compared with $50, ,315
barrels. East Texas showed an IN
crease from 371,2 All barrels daily to
387, ,964 barrels.
Total Texas production was e69.o32
barrels, as compared with 961 IA bar.
rels in the preceding week and, for the
entire midcontinent area, last weeks
production averaged 1,477,45 barrels
as against 1,506, ,148 barrels. Kansas
production was 1o4,785 barrels, up 37S
barrels.
Eastern production was up 5000 bar
rels at 125, 900 barrels, and the Rocky
Mountain area was down 3,625 barrels
at 81, ,555 barrels. California production
was steady at 504, 900 barrels.
Evening star., 1931-12-01
GAIN IN CANADIAN
PUBLIC DEBT NOTEG
Obligations Are Affected by
Continued FIuctuation of
Canadian Dollar.
Special Dispatch to The star.

TORONTO, December I'm several
respects Canada's national service loan
both reflects and illustrates the anon-
allies Of the present gold situation in
the Dominion.
within the Dominion Is indicated by
the yield Of the bonds, which amounts
to SIT per cent for the f1ve-year class
and SIS per cent for those that mature
in 10 years.
Even il it had been possible TO float
this loan IN New York, the Canadian
government had to consider the ex-
pense Of paying interest and retiring
the principal In United States funds.
For authorities across the line predict
the continuance Of the heavy discount
on this country's dollar until either a
the Dominion is established or until the
favorable trade balance indicates a
likelihood Of becoming permanent
feature. And the rate offered Is dis
tinctly more economical to the govern
ment than would be the incurring of
any commitments that had to be met
in gold.
The chartered banks had also to be
considered, as they are usually the
heaviest investors in any Dominion
loan. At the end Of September, owing
10 IIle SuH0C deluh0QS O1 BeuSIA1 DuSA~
ness, these institutions showed savings
deposits that were $3.50, ,000. 900 In ex-
cess Of current loans. Thus the new
Dominion issue furnishes an investment
outlet for much otherwise idle capital.
Since the new issue is designed for
the aid Of the government in supplying
work for the relief Of unemployment q
certain proportion Of the funds viii be
turned over to the provinces to repay
percentage Of their relief works al
ready undertaken. This the provincial
governments win be aided in their re-
Gently difncult task OF meeting their
New York commitments.
For, while the Dominion's per capita
national debt has been reduced by II
per cent within the last decade, and
while in particular tlae total has been
reduced by 5000, 900 900 within the last
eight years, the nine provinces have
since 1923 increased their funded debt
from $644, 100000 to $1,000, ,00O, 900.
Within the same period the Canadian
National Railways debt to the public
has increased from $823, 100, 900 to ST.
1872, Toe, 900, while the bonded debt OF
the municipalities have climbed up from
$917, 200 900 to an estimated 81 800, ,000,-
600. In other words, the various debts
that Canadian taxpayers are called
upon to pay have grown in the last
eight years by nearly 81 600, 100000.
(Copyright, 1881
Evening star., 1931-12-01
CURB PRICES SAG
IN LIGHT TRADING
Lower Opening Is Followed
by Further Drop in
Market.
BY JOHN A. CRoNE.


special DiSpatch 20 The star.
NEW YORK, December I.-Mirror-
ing the weakness Of other security mar
kets, the Curb Exchange today pre-
Trading was not In large volume, but
the market was thin and even active
issues had few supporting bids. The
omission of a number Of dividends, the
reduction Of others and the technical
position resulting from Mondays I'D.
vance provided the bears with aEnmuni-
ton.
The opening was lower, but the
largest losses were established near
midday, when Electric Bond & Share
was of more than q point ut lS1z.
During this period other utilities
showed losses ranging from / to .
points on the day and many OF them
were either at new lows or down to
their previous bottom prices for the
bear market.
American Superpower equaled its old
low, at 47s. So did American Common
wealth Power B at 33s, while Pennsyl-
vania Water g. Power established new
low at So. Other losers were Associated
Gas g. Electric A, American and For
eign Power warrants, American Gas
& Electric, American Light 81 Traction.
Brazilian Traction, Eastern States
Power, Middle West Utilities, Niagara
Hudson Power, United States Electric.
United Light & Power and Utilities
Power g. Light.
Stocks were weak at the opening
Electric Bond & Share, opening At
i6h, OF u, set the pace for most OF
the active utilities. Other declines in
this group included American Gas q
Electric, Brazilian Traction, Middle
West Utilities and United States Elec.
tric. Cities Service was OF small
fraction at 6R. The Standard OIL
group was about unchanged.
High-priced industrialS. such as
Aluminium Corporation and Atlantic d
Pacific Stores, were about point
lower. Gas company shares were heavy
with the rest, with losses in United
Gas and Arkansas Natural Gas. In the
motors Cord scored q small gain at the
start. but lost it on the next sale. Ford
Motor of Canada A was up nearly
point at IL.
Evening star., 1931-12-01
CANADIAN OFFERS
RAIL HELP PLANS
Dominion Carrier Head Sug-
gests Repeal of Recap
ture Clause.
Special Dispatch to The star.

Special Dispatch TO Tne star.
NEW YORK, December 1.-Compre-
hensive suggestions to assist the rail-
roads of the United States in solving
the difhcult problem now facing them
through decreased earnings and inten-
sive competition from bus and truck
transportation on the public highways,
were offered by Sir Henry Thornton,
chairman and president of the Cana
dian National Railways, In an adress
before 600 members Of the New York
State Chamber Of Commerce at the
annual meeting Of that body In New
York recently. Among the important
suggestions offered by the Canadian
railway president were the following:
That Congress should repeal the re-
capture clause.
operators towards the elimination Of
wasteful competitive de luxe passenger
services
A pooling Of rolling stock and mo-
tive power.
The interchange Of the use of term
inals
A better understanding between the
railroad operators and labor with q
view to mobilizing the support Of labor
as partners in the enterprise.
Concerning highway. competition,
OH f1eLUy 1nOIltOu SCdCSu LLlnt Ao
railroad executive challenges the use
fulnesS Of the automobile as means
of transportation, but he suggested that
the following rules should be applied
to commercial vehicles operating on
the public highway:
Those who use the highways for
commei cial purposes should pay a tax
commensurate with that use.
The width, weight and speed Of COM
mercial vehicles should be such as to
protect other users Of the highway
from danger.
Those to whom the movement OF
freight and passengers on the highway
Is conflded should be subjected to a
periodic physical examination and rates
charged for the movement Of both
passengers and freight should be con-
trolled appropriately by either the
States or the Federal Government.
Evening star., 1931-12-01
BROWN SHOE REPORTS
BEST YEAR ON RECORD
Special Dispatch to The Star.

special Dispatcn 70 The Star.
ST. LOUIS, December THE pres
ent position Of the Brown Shoe Co. Is
the best in its history, the ratio Of
quick assets to liabilities being IL to l.,
it is set forth in the company's annual
statement for the fiscal year ended last
October 81.
Net earnings for the year were 81, $685.
ITO, equal to $4.36 per share on the
common stock, as compared to 81, 1884,
041 for 1890, or $4.22 per share on the
common stock. Book value Of the COM
mon stock, the statement continues,
now stands at -$47.87 per share.
Plants and machinery have been
written down and such important items
as lasts, prepaid interest, trade name,
good will and patent rights were taken
at the nominal sum Of 81.
Evening star., 1931-12-01
LUMBER TRADE REPORTS
INCREASE IN BUSINESS

BY the Associated Press.
Due largely to low production. the
ratio of lumber orders to the cut Tor
the week ended November 81 showed a
substantially favorable excess Of new
business.
Reports to the National Lumber
Manufacturers Association. from lead
ing mills indicate orders were ~ per
cent above the cut Of lac, 0,049,O0O leeL.
while shipments from the mills were ~
per cent above production.
Evening star., 1931-12-01
New Banking Company.

BALTIMORE. December (Special: 3:
--Announcement has just been made OF
the formation Of O new investment
banking company here. to be known as
George q. Shriver n Co., Inc. Mem-
bers Of the firm, who were formerly
with Hambleton 81 Co., are George ".
Shriver, BENJAMIN Whitley ana FetSr
T. Coleman. Ofncers Of the nrm Mn
be located in the Continental BuN0lng.
Evening star., 1931-12-01
BY WILLIAM ]. EADS,

NEW YORK, December 1.-The pres
ent unemployment problem furnishes a
challenge to American industry to find
some permanent solution to prepare for
future emergencies, Irving T. Bush,
president OF Bush Terminal Co., said
today.
IT am an optimist," Mr.. Bush said.
II can see indications Of improvement
in some lines now, and If we were in
the same position as we were a quar-
ter century ago we might 60 on from
here.
However, we are so closely knitted
In financial and business way with
Europe that our progress out Of the
present slump will depend in large
measure on Europe's advance. But we
will have other periods of unemploy-
ment and the time to prepare for them
Is now."
Urges Permanent Plan.
There must be something radically
wrong with system such as ours that
permits panhandling, bread lines and
soup kitchens and still obviously does
not provide relief for ALL" he said. "Ex-
cept in countries where begging is a
recognized occupation. I do not know
Of any country that has as much Of 1t
as we have here"
buSn mace IL clear CnaC ne IaVorS
the present Nationwide emergency un-
employment relief, but that he feels
some permanent plans should be
worked out to care for future emerg-
encies.
He believes the plan of Gerard
Swope, already in effect in the Cen
eral Electric Co., a good one, but point
ed out that 1t takes care Of only one
industry.
"Mr. Swope's plan might we'll be
taken as model" he said, Ito pro-
vide q plan that would cover every
field Of industry, skilled and unskilled
labor and the white-collar workers."
He said that the Government should
have no part in this enlarged plan,
pointing out that Government aid pro-
vides one Of the weaknesses of the Eu-
ropean system. Such relief, he be-
lieVeg Is too paternaliStic He believes
Evening star., 1931-12-01

BASEL, Switzerland, December !
Especially The Swiss National Bank Is
buying $1,000 pounds Of fine silver for
new 5-franc coins. The original inten-
tion was to remint the old large 5-fFanc
coins into smaller ones to tempt the
Swiss to use 5-franc pieces as cur
rency instead Of leaving heavy coins IN
the bank.
The changing economic conditions
started the Swiss into boarding silver
coins, so that the mint ran out Of the
old large ones. Rather than cease
minting more silver was purchased.
The new 5-franc pieces win weigh Is
grams at 1851 900 fine.
(Copyright, 1917
Evening star., 1931-12-01
CHICAGO DAIRY MARKET.

CHICAGO, December / R).-Butter
Receipts, e,636 tubs; easy; creamery
specials (s3 score), 291aa30; extras Ca
score), 20; extra firsts (o0-sl score) !,
271haas; firsts $3.50 score), 251aa26k; {;
seconds (86-e7 score), 24a24la; stand
ards 600 score, centralized car lots), ~.
Eggs-Receipts. 4,012 cases; easy:
extra firsts, 32a33: fresh graded firsts,
3Oa31; current receipts, 25a2e; re-
frigerator nrsts, 1914; refrigerator ex-
tras. l6.
Evening star., 1931-12-01
New York Cotton

Special Dispatch to The Star.
NEW YORK, December 1.-Opening
cotton prices today were points lower
to Q point higher. Trading was fairly
good volume. There was good buying
In the market from trade and profess
sional sources, but a fresh break in
sterling and lower security markets
tended to increase offerings.
Opening prices were: December, sos,
on i: January, 6.12, of 1; March, 6.2S,
on L; May, 6.45, up /; july 6.61, on 2,
and october, $50, OF 2.
Evening star., 1931-12-01
PARIS BoURsE PRICES.

PARIS, December 1 P)-Three per
cent rentes 80 francs 10 centimes. Five
per cent loan, 100 francs 80 centimes.
Exchange on London, "a francs STA
centimes. The dollar was quoted at
as francs 67L2 centimes.
Evening star., 1931-12-01

Dividend rates dollars based last quarterly of semi
nua dividend tPartly tPus in stock
Payable adjustment
dividend plus SO stock Plus 10 in
n in m Plus in
n stock. D rate
Evening star., 1931-12-01

Mexico is planning to open many
new roads.
Evening star., 1931-12-01
BONDS.
70
Industrial

tcopyrisht. 1891. standard Statistics Co.,