davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-02
Banks Show Gains
In Trust Business
For Last 10 Years
Enormous Increase Re.
vealed in Report From
Office of Controller.
BY the Associated Press.

by the Associated Press.
Trust departments Of national banks
within less than a decade have acquired
volume of individual and corporate
trust business equal to more than one
half the total resources developed by
the banking departments Of all national
institutions since their establishment.
This statement was made by Aubrey
B. Carter, in charge of trust depart
ment supervision of the Office of the
controller of the currency. He said
tions with the power to administer
trusts, with 1856 actively rendering
this service The number of trusts
being administered amounted to 102,-
987, with a volume of $5,241 ,991 1892.
while the volume of bond and note
issues outstanding for which these
banks were acting as trustee was s10,-
7l9,846,426.
Mr. Carter listed the care of securities
belonging to the various trusts under
its administration as one of the most
exacting duties it is called upon to per-
form.
In this connection he said the i'm
portance OF the safe keeping of trust
securities is evidenced by Federal Re-
serve Board regulations requiring that
tody of two or more officers or en-
ployes named by the board of directors
and that all such designated persons
shall be bonded Joint custody under
this section means that access to the
securities shall be made impossible to
any one of the designated officers or
employees unless one of the other Gus
todians named with him is present.
Another important requirement OF
the law and regulations demand that if
the trust funds are deposited in the
commercial or savings department of
the trustee bank United States bonds
or other readily marketable securities
must first be delivered to the trust de-
partment as collateral, and that the
market value of these securities shall at
all times be equal to the amount of the
funds SO deposited. The collateral set
aside must be in fact readily market
able and the officers charged with the
administration of the trust department
should see that this requirement of the
law and regulations is at all times
strictly complied with, Mr.. Carter said.
Evening star., 1932-10-02
FIRST QUARTER CLOSES
WITH RISING TRENDS
Special Dispatch to The Star.

NEW YORK, October 1.-The third
quarter closes with a record of distinct
improvement over the first half in
many important elements of the busi-
ness and financial picture, says the
Business Week. The banking position
has been stabilized and strengthened
and q substantial basis for credit ex-
pansion established, though this has
not yet noticeably begun except through
Government channels. Security mar
kets have recovered from the panic ap-
praisals of capital values that pre-
vailed In the Spring and have antici-
pated some Fall business improvement.
Commodity prices have responded to
their release from the extreme pres
sure Of domestic and international de-
fiationary forces by moderate rise
and now await the stimulus Of ex-
panding consumer demand.
Evening star., 1932-10-02
LUMBER ORDERS GAIN
FOR WEEK REPORTED
BY the Associated Press.

by the Associated PreSS.
Although orders received at the lum-
ber mills during the week ended Sep
tember "a, were not so large as for
the previous week, telegraphic dis
patches to the National Lumber Manu-
facturers' Association showed that they
were well above the average for the
year to date and within per cent of
the new business for the corresponding
week Of last year.
New business received by 644 leading
mills aggregated 176,754,000 feet or So
per cent above production, which was
lis, 1874 900 feet or SO per cent below the
same period of 1881.
General industry reports to the as
sociation indicate more activity in the
last three or four weeks, either in the
form of orders or inquiries from lum-
ber consumers, both for factory use and
construction, than in many months.
The volume Of orders, though en-
couraging in view of the industry's
large aggregated stocks, is still held
not sufficient to warrant an increase in
production. Stocks at the mills, though
declining, are said to be excessive.
Evening star., 1932-10-02
POTATO MARKET.

CHICAGO. October l Op) Omitted
States Department of Agricultxe) =
Potatoes-Receipts. 102 cars; on track,
311; total United States shipments, 561
dull; trading very light account Jewish
holiday. Sacked. per hundredweight:
Wisconsin Cobblers, 60a65; Minnesota,
mostly 62a: Minnesota sand land Ohios,
55a60; South Dakota early Ohios, 60a
IS; Idaho Russets, 1.o5a1.l0.
Evening star., 1932-10-02
ROBERT P. GREEN JOINS
LOCAL INVESTMENT FIRM

Robert p. Green, former secretary to
Senator Sackett of Kentucky, has
joined the staff Of Slauson g. White,
an investment firm located in the Peo-
Piles Life Insurance Building Mr.. Green
is former principal of the Kentucky
State Normal School, holds Phi. D.
degree and is very widely known in
educational circles It is, DR.. Green's
first venture into the field of finance.
Evening star., 1932-10-02
Bank Stocks Lower.

Waggaman, Brawner & Co., Inc, in
their weekly bulletin on bank and in
surance stocks, report that the average
market price for New York City bank
stocks showed q slight decline for the
week-about per cent. Trading was
light and fluctuations very narrow.
The New York City banks have all
maintained dividends and the many
stockholders In this city were gratified
to receive their usual October checks.
Evening star., 1932-10-02
Canadian Wheat Clearances.

OTTAWA, Ontario, October R.-
The export clearances Of wheat for the
week ending September %, amounting
to 6,654,70 bushels, was the largest so
far this crop year, and exceeds the
volume of export clearances in any
single week during the entire crop year
1872, says a statement issued by H.
H. Stevens, minister Of trade and COM
merce.
Evening star., 1932-10-02
UNION CARBIDE SHOWS
GAIN IN STOCKHOLDERS
Special Dispatch to The Star.


NEW YORK. October Union Car
bide & Carbon Corporation today dis
tributed S2,700222 in quarterly diH-
dends to the 1921 stockholders Of rec
ord September 2.
The present number of stockholders,
according to corporation officials, rep
resents an increase of approximately
10000 since September 2, 1881. Reports
show also consistent gains during the
last two years, on December 4. 1880,
the number of stockholders being 49,
404; on June 2, 1881, total of 42,056,
while on March 4, 1882, the number
was 50,949.
Evening star., 1932-10-02
REVIVAL IN CONSTRUCTION
PREDICTED FOR 1893
Special Dispatch to The Star.

BOSTON, October This year will
probably mark the end of the decline
in construction activity which has been
witnessed since 1928, says the United
Business Service. Building figures are
now showing marked stability. The
near term outlook is aided by the Fed
eral relief projects and the home loan
banking legislation. A beginning Of a
moderate building revival Is expected to
get under way in 1888, the service con-
clude5. L.Ei-
Evening star., 1932-10-02
Loans Over. $31, 900, 900.

The Railroad Credit Corporation on
October had either actually made or
authorized loans to railroads to meet
their fixed interest obligations totaling
$31, ,68l ,529, according to the monthly
report OF that corporation filed yester-
day with the Interstate Commerce
Commission. ...-,-.---
Evening star., 1932-10-02
Tobacco Prices Firm.

RALEIGH, N. c., October (P
UNITED States Department of Agricul-
ture) Average tobacco prices in the
Middle North Carolina belt were slightly
lower on leaf grades. but remained firm
on lug grades as a whole: In the new
bright belt, compared with yesterday,
average prices as q whole remained
firm.
Evening star., 1932-10-02
Prime Bond Sales Improve.

NEW YORK, October 1 R.-Invest-
ment bankers assert that high-grade
corporation bonds are meeting q better
demand. The supply Of really high
class descriptions is not large, and the
market has been slowly working toward
per cent basis for that type Of
security.
Evening star., 1932-10-02
Sugar Profits Small.

NEW YORK, October R.-In
spite of the years advance in sugar
prices it is expected that most Cuban
producers will report deficits, accord
ing to opinion in sugar circles. Puerto
Rican producers are said to have done
almost as well as last year. ~
Evening star., 1932-10-02

Local clearings In September. 1880,
totaled S96,379 442 and in September,
1929, s114,986,938. the highest Septem-
Der mark on record.
Evening star., 1932-10-02
VIRGINIA FARMERS
GET BETTER PRICES
Department of Agriculture Makes
Analysis Of Crop Values
in Old Dominion.
BY the Associated Press.

Glle hSSOCIHCtu FrtSS.
Virginia farmers were shown yester-
day by the Department of Agriculture
to be receiving better prices for their
farm commodities on September Is this
year than the average prices received
by farmers for the country as a whole,
except for a few items.
The exceptions were apples, sweet
potatoes, veal calves, sheep, milk cows,
butter and butter fat. The Virginia
prices and the average for the country
as a whole were:
The Waterbury Democrat., 1932-12-08
St. Lawrence Project
 Amendment Urged.
Provision for Equitable Distribution of Work Between . Canada and U. s. Asked of Senate Committee

which provides that the engineess labor and material employed on the project shall be of the na- tionality of the territory wherein the particular part of the work Is being done. He declared that under this section approximately 50 per cent of the remaining work would be assigned to the Cana dians and that this section requires considerable clarifcation and defl- nite provision for the efficient and economical handling of the pro- ject
 The worst feature of the indefl- mite language of the treaty, Hard- ing siad, lies in the lack of- any provision for controlling or prede- termining specific guaranteed costs for any part of the work, whether in Canada or American territor- les. Although the estimates upon which the whole project and trea.- ty have been based were founded upon probable contract prices se- curable in competition, the treaty mentions nothing concerning the taking of bids from contractors, methods of inviting of regulating competition nor the use of the con- tract system, Harding pointed out.
 We strongly recommend that article III be strengthened by amending 1t so as to definitely specify that all work shall be ad- vertised and let by contract to the lowest responsible bidders" Hard- ing's letter read. By so doing the governments will be assured of the minimum of cost, quality construc- tion and completion within known jeriod. It is particularly im- portant that the treaty be clear and concise on these points since 1t will be the foundation for sub- sequent legislative and executive action."
 The contractors feel that geo. graphical location of sites should not be the determining factor in the distribution of the work, point ing out that to date Canada has spent or contracted for $211,726,- 900 of construction on the strictly Canadian portions of the waterway, employing Canadian labor and ma terial, and will be obliged to spend only $59,250.000 additional under the treaty to complete it's 50 per cent share of the $543,429.000 cost of the entire project. On the other hand, the United States must lay out $257,992,000 to fulfill its part. Under the provisions of the treaty, therefore, when the project Is finally completed, the United States will have contributed approximate ly per cent of its cost and its nationals will have had less than 36 per cent of the work.
The Waterbury Democrat., 1932-12-08

Washington, D. C.-Amendment of the St Lawrence waterway trea- ty so as to provide a tangible agreement for definite and equit. able. distribution of the work be- tween the nationals of the United States and Canada and to provide guarantees that the projects will be properly completed on time and within the limits of estimated costs, has been urged upon the senate foreign relations committee, now studying the question of the treaty's ratification, by Edward l. Harding, managing director of the Associated General Contractors of America. in a letter to Senator William E. Borah, chairman of the committee.
 Pointing out that under the terms of the treaty the United States would be obliged to furnish more than 81 per cent of the capi- tai necessary to complete the re- mainder of the great waterway project, while it's nationals would receive approximately only 50 per cent of the remaining work. the associated general contractors strongly recommend that geo. graphical location of sites be aban- doned as the basis of allocating the work between the nationals Of the two countries.
 Harding's letter specifically calls the committees attention to article III, section (b) of the treaty,
The Waterbury Democrat., 1932-12-08
SENATOR WALCOTT
 FILES PETITIONS
Women Still Hope for Re. tentiOn of the 18th
 Amendment
WORLD COURT WOMEN

Yesterday Senator Frederick Wolcott of Connecticut presented the following petitions to the sen- ate:
 Petitions from the following units of the American Legion Aux Hilary: Taftville No 104. Taftville; Seicheprey No 2, Bristol; Gensi- Viola No 36, Windsor Locks; Mill ford No 34, Milford; T'readway- Cavanaugh No GA, East Hampton; Coyle Post No l, Waterbury: Ro- bert O. Fletcher No 4, Norwich; William H. Gordon. Ansonia; Woodstock .yo III, Woodstock; Meriden No 45, Meriden; Dilworth- Cornell No 102, Manchester; Err nest Godreau No 91, Moosup; West brook Unit; Westhrook; Lamson- O'Donnell No 46, Goshen; Cray Dickinson No 49, Windsor: Mor- gan-Weir Post No 27, Litchfield; Eddy-Clover No 6. New Britain; I'D Unit No 130, New Haven; Carl-
The Waterbury Democrat., 1932-12-08
kSSAIL NEGRO QUARTERS
Some Constitute Menace To Health
 Says pr. Gregg
Inter-Racial Committee Meeting Hears Conditions Among Local Members of COlored Race - Mrs Alexander Gives Conference Reports

Miss Alice D. Kingsbury, chari- lady of the inter-racial committee presided at a meeting of the com Tnittee held at the Y. M. c. A. last night. The ifiter-racial committee fs q department of the work of the Pearl Street NeighborhOod House. The following names were added to the members of the inter-racial committee: D. Robert Stevenson, Mrs Arthur l.. Purinton, chairman of the civics committee of the Wo- mems club and Mrs John w. Pot ter of the same committee; Miss E. Louise Coe, Dr Edward w. God frey, Mrs Rosa Jones, Martin Scully, Attorney Henry A. Weiss- man, Rabbi Isadore Breslau, John c. Gilmartin, principal of Croft school, Judge Theodore V. Meyers. Rev A. A. Perry and Principal John M. Brophy of Driggs school.
 Dr James D. Gregg reported for the committees on Abbott avenue and housing. He stated that sur- vey had been made of the negro residential section in conjunction with Mrs John w. Potter of the Women's club and the director, Mrs l.. 1T. Alexander, extending from Pearl street to Abbott avenue. Said Dr Gregg: Many of the negro families of the city are com .pelled to live in quarters that are Q menace to public health. The law gives wide authority to the department of health to condemn such property, and if this law were applied, many undesirable tene- ments would be condemned. The question arises, however, where would these negro families find suitable housing and also the loss in revenue to the present property owners. Many negro families are unable to pay their rents in pres ent quarters due to the economic stress at the present time.'
 Dr Gregg recommended that the light of public opinion should be applied by listing the undesira hIa
The Waterbury Democrat., 1932-12-08
Quality of Drugs
 Shown in Report
Annual Report of State Chemist Show 239o
 Meet Requirements

New Haven, Dec S.-Scientific information on the quality of drugs sold in this state is contained in the new annual report on drugs, published by the Connecticut Agri- cultural Experiment Station. Dr p. M. Bailey, in charge of the analyti- cal chemistry department, is the author and Dr H. J. Fisher and c. E. Shepard, assistant chemists, are contributors.
 Approximately 23 per cent of the drugs examined this year fail- ed to meet the required standards of quality and strength. This is an improvement over the samples tested last year, one-third of which were deficient.
 Dr Bailey explains that the high proportion of drugs found sub- standard is largely due to lack of precaution to prevent deterioration after they are prepared.
 Samples of drugs were collected by State Dairy and Food Commis- sioner w. J. Warner. The detailed report, Bulletin 341, may be ob- taiifed free by writing to the ex- pertinent station.
The Waterbury Democrat., 1932-12-08

uon-siorall. No 1ol. Cromwell; Harry o. ualuk No ils. oi1 Say brock: Ezra Woods No si, Nov Milford; BroWn-L1noer1 No tt, East Hartford: Blnniey po1anz' Rockville; Emil seneer No 70. sey- mour: Robert A. LapIaco No le, Essex: second and Fourth Dis tricfs, all0in the Sfato of Connoo- ,lcut, praying for the panaage of n. R. Ae3s, tho so-calIod Widows and Orphans Penelon BIIl.
 Petitions from the Washington Park Auxiliary of Womon'E Home Missionary Society, Bridgeport; Woman's Home Missionary Society of Methodist church. Milford. and a resolution adopted at a meeting of the New England Regional Com
The Waterbury Democrat., 1932-12-08

ference of tko National Council or Jewish Women held in Hartford, lavorlng tho ratification of the World Court protocois. Petition from the Women'B sQ- cleiy of the First Baptist church Bristol. members of the Msthodlst Episcopal church of South Man, chester, and sundry cItisene ot
 Montvillo and Bristol. fnvoring the retention and strict enforcement of the EighteentheAmendment.
 Petition from the members Of the Burnside Methodist Episcopal church of East Hartford. praying
 for the passage of II. !. Res, e20, proposing a constitutional amend-
 ment to prohibit sectarian appro- priations.
The Waterbury Democrat., 1932-12-08

tenements with the idea in mind that their owners would then be induced to improve the property and the living conditions.
 Rev Ridgway F. Shinn reported on the southern supper given at the Pearl Street Neighborhood House under the auspices of the committee which was widely at- tended by many prominent people. On motion by Herbert 8. Smith, it was voted that the recommends. ton be adopted, namely that the subject of housing be stressed dur- ing the annual Vocational Oppor- tunity campaign which Is sched- uied May 7-14. 1883. Thanks was extended to the various service clubs for their cooperation fin pre- vious educational campaigns. Great progress is to be expected because or the new and active cooperation or the Women's club through its civics committee.
 Mrs Leila T. Alexander made a report, which was a summary from three inter-racial conferences, the National Urban league, Pittsburg, May 12-14; New England Social workers Conference at Camp At- water, Mass, June 18-24; and the Urban League Region Conference on Unemployment and Relief Work New York city, October 1914. More than 100 negro delegates were addressed by leaders of both races, experts in their field. Topics discussed were Emergency Relief. Vocational Guidance. Occupational Adjustments to Negro Life, Work Relief and Ways by which Unem- ployed Negroes can share in public works developed for the relief of the unemployed. The "back to the farm movement" was discussed, also Negro Housing" The results or segregation as illustrated by ex- cessive rents, exploitation, over crowding, municipal neglect and in. creased immortality. Negro health was also discIssed
The Waterbury Democrat., 1932-12-08
Catholic churchs,
 Crowded This Mornin.

Today. the Feast of iht lmm1t| late Conception. a holy day oE e1- ligatlon in the Catholic church. brought largo attondances at tho maasss celebrated in the churches of that denomination at Bs3o and o:so o'clock. Considering the zea- son. the weather was fine. 60 that nobody could say he suffered much hardship in getting to and from the places of worship. Services were conducted at different hours up to 12.15.
The Waterbury Democrat., 1932-12-08
Debate At Pearl Street Neighborhood House

The first debate of the season by the members of the Community Biographical and Debating club of the Pearl Street Neighborhood House will take place Sunday aft- ernoon. The subject will be, "Re- solved: That prohibition has in- creased crime.n The affirmative side will be taken by David ,Fogg. Jr. John Fernandez, Edith Costen and Ellen Mcintyre. The negative side will be upheld by John Holmes, Cynthia Mott. Virginia Goodson and Estelle Baker.
The Waterbury Democrat., 1932-12-08

ptIormonl of Our City NaloI Sup. nITs what tf1I Been Accomplished Io Date" The gathering win bo held nt the Waterbury club. 10 la expected that Mir Cairns win de- scribe in detail the various steps taken in building up Waferbury's water supply. He win dincuns. especially. the latest project, tho shepaug tunnel and reservoir.
The Waterbury Democrat., 1932-12-08

Emmett. Mich (UP- Abroham Martin. IS years old. has taught his pet pig to follow him about town. The pig, an eight-monthrs- old Chester White SOW, has learned to answer Abraham's caii with squeals of delight. She turns right or left at his command.
The Waterbury Democrat., 1932-12-08

Petition from the Women's Home Missionary Society of the Methodist church of Milford, pray ing for the passage of legislation to create a governmental agency to regulate and supervise the mo- ton picture industry: and urging the passage of Senate Bill 1079 and Senate Resolution TO.
The Waterbury Democrat., 1932-12-08
Cardinal O'Connell's
 73rd Birthday

William Cardinal O'Connell. archbishop of Boston and dean of the Catholic heirarchy in America. will celebrate his 73d birthday to- day. In the cathedral of the Holy Cross, Cardinal O'Conneli will ob- serve the anniversary by pontificat- Ing at q solemn high mass.
The Waterbury Democrat., 1932-12-08
City Engineer To Talk
 City Water Supply

Members of the Waterbury sec. ton Of the American Society Of Mechanical Engineers will be ad- dressod at noon on the 18th by City Engineer Robert A. Cairns on "Do-
The Waterbury Democrat., 1932-12-08

Hungary's customS war with Austria last summer is reported to have embarrassed trade In Hun gary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
PALESTINE ESCAPES
DEPRESSI0N'S BLIGHT
Goes Along in Old Way, Still Living
Simple Life of Yore.


By United Press
KANSAS CITY. Mo, May T.
Palestine, the ancient home of the
Jews, is one country that has not
felt the business depression, ac-
cording TO DR.. Nahum Sokolow OF
London, president of the World
Zionist organization.
While the rest of the world was
speeding along, building industries
and undergoing far-reaching eco
nomic disturbances, little Palestine,
at the crossroads between Europe
and Asia, was going along in its
simple way, interested only as
spectator in the changes around it..
Or. Sokolow explained.
But now. while the rest of the
world is suffering reaction from the
economic upheavals. Palestine goes
along in its old way, still un-
affected. Its people live the simple
life they have always led. and the
depression has passed them by, he
declared.