davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-05-28
ONLY HOPE SEEN
FOR STOCKS IS.
NEWS BREAK
Rx WALL STREET SPECTATOR

BY WALL STREET SPECTATOR
NEW YORK, May % U.N.S0.
The General Electric dividend
reduction was one of those bolts
from the blue, and the new de-
cline in the market was a natural
development. Fresh liquidation
was touched off and, all in all,
stocks put up another sorry ex-
hibition.
Wall Street is in the frame of
mind of not knowing what to
expect next. Nothing has devel-
opened in Washington, though
the tax outlook is better. So the
only thing to do is to stand
aside.
Hope is News Break
The big hope now is break
in the news, for the way the
market was going at the close in
dicated further liquidation was
being touched off.
The financial community has
reached the point where values
just don't exist any more, which
makes the parallel with the 1929
bull days exactly 100 per cent.
Then every stock was going to
1000; now there are few issues
that aren't being relegat to the
wallpaper" class. Naturally this
can't last, for the past shows that
every crisis brings its own leader
and cure.
The big need now is for the ma
tion'S leaders to do a few simple
things. This means not only Con-
gress but the banking element as
well.
Moratorium RumOred
Reports were current of a mora.
torium in Central Europe over
the weekend. The effect will be
problematical since it has been
anticipated for months.
The wheat situation still has
possibilities. If the farm board
gives the Red Gross 10000, 900
bushels more, it will only have
about this amount left, thus re-
moving a big overhanging threat
to wheat prices.
The Washington times., 1932-05-28
LIST SAGS
WITH RAILS

NEW YORK, May % UN.S).
Sagging tendencies again ap-
peared in the bond market today
and all parts of the list worked
lower in moderate trading. The
railroad list was again disturbed
by the st. Louis-Southwestern sit
uation.
Other rail issues, prime legal in
veStment and second grade and
speculative issues we're sold in
volume and dipped from fractions
to 4 points.
The prime utility list dipped in
sympathy.
United States government issues
were the outstanding strong spot,
holding their own in quiet trad
ing.
Foreign government loans were
soft.
The Washington times., 1932-05-28
GROUP MAY FIX
SECURITIES
VALUES

Revision upward of the loan
value Of recognized stocks and
bonds In order to release a por-
ton Of the billions of dollars in
credit made available by the Gov
ernment and Federal reserve syS-
TEN was suggested in official cir.
cles here today as method OF
breaking the cycle of deflation.
There was a possibility that
the New York committee headed
by Owen D. Young, the Avery
committee in Chicago and similar
organizations to be set UP in
other reserve districts may con-
slider such a plan.
Tried Out BY Pole
Due partially to the economic
fear-psychology that has gripped
the country, resulting ir wide.
spread loss of confidence, the
quoted values Of many stocks and
bonds are considered below their
intrinsic worth.
In making loans the banks nat.
urally act on the basis of quota
tions Of stocks and bonds. The
anti-depression committees may
consider the question of establish
ment of higher loan values for
these securities.
Use of a higher-than-quoted
valuation on sound securities Is
not without precedent. Comptrol.
Ter of the Currency j. w. Pole,
more than a year ago, notified
national bank examiners that ma
tional banks would be permitted
to retain at virtually face value
securities that had deprecated
according to market quotations.
Group Has Power
The New York and Chicago
committees are made up of bank
ing and business leaders with Suf-
ficient power to establish such
revaluation of securities If they
considered that benefit could be
derived from such a course.
Officials here anticipated the
announcement of the setup of
other credit expansiol commit
tees in most of the Federal re-
serve districts soon.
The Washington times., 1932-05-28
Columbia P'OWer Dam
Urged by Engineers

The Grand Coulee power prof.
ect on the Columbia River was
urged by Major Robert S. Butler
of the Army engineers, and Col.
Hugh L. Cooper in testimony be-
fore the House Irrigation and
Reclamation Committee yesterday.
Colonel Cooper, famed as the
builder of Niagara Falls power
plants and the gigantic Dnieper
River plant in Soviet Russia, said
the Columbia River was the most
valuable power stream in North
America.
The Washington times., 1932-05-28
RdIU Sugar Market
Steadu During Week

NEW YORK, May 20 U.N.S0.
Although the spot raw sugar
market showed a steady under
tone during the past week,
futures closed the week with net
losses of to points on the
New York coffee and sugar ex-
change. Refiners bought several
thousand tons of Philippines and
Porto Ricos or Friday at 2.6O
cents a pound.
Brokers reported that the pres
sure from Porto Rico was dimin-
ishing. Most of the business was
done in Philippines. They esti-
mate that in few weeks, the re-
finers will be forced to turn to
Cuba for raw sugar requirements.
The Washington times., 1932-05-28
SALES DELUGE
HITS CURB

NEW YORK, May % UNS).
A heavy deluge of selling in
Cities Service, on overnight an
nouncement of its dividend omiS-
sion featured the opening Of the
Curb Market today. At its initial
transaction of 10000 shares at
lb it showed a net loss of 112
points, and was at the lowest
level in its history.
Other stocks were sympathet-
ically affected, with Electric
Bond and Share off A at 6b,
American Gas and Electric off W
at 1874, Ford, ltd, off "a at 2A,
Associated Gas and Electric A
off Va at 15s, Standard Oil Of
Indiana off 1s at IT, Humble Oil
off 1s at 3634, and American
Superpower OFF rs at 13s.
The Curb bond list was upset
by the weakness in the Cities
Service obligations with declines
averaging a point or so chalked
up in numerous utility bonds.
The Washington times., 1932-05-28
Wholesale Foods
Index Drops AOnin

Bradstreet's Weekly Index of
wholesale prices continues to de-
cline. dropping to $1.63 during
the week ended May Is. The de-
crease was slightly greater than
is normally expected and Brad
streets adjusted index of food
prices (1928-30, 1000 fell off to
52.4, the ninth successive low.
This compares with 52.7 last week,
53.3 two weeks ago and 70.5 for
the same week year ago. The
decline from the corresponding
week of last year is 24.2 per cent.
The index is the sum total of the
prices per pound of 81 food ar
ticleS in common use.
The Washington times., 1932-05-28
Week Sees Losses
In Coffee Prices

NEW YORK, May 28 G.N.SD.
Profit taking came into the cof-
fee market in the closing hour
of the week on the New York
Coffee and Sugar Exchange. The
selling found an empty market
and the moderate advances Of
the week we're erased and net
declines recorded for the first
week in many months.
Net loss for the week in futures
amounted to II to % points in
the Rio contract and 4 to % points
in the Santos contract.
The Washington times., 1932-05-28
Cocoa Liquidation
Nets Loss in Week

NEW YORK, May 28 UNlsO .
Scattered liquidation of cocoa fu-
lures, influenced by the weakness
in the stock market, featured an
uneventful week on the New
York Cocoa Exchange. Net losses
for the week we're 8 to II points
in the range of futures.
Offerings were light from pri-
mary markets but this favorable
factor was balanced by the ex-
tremely cautious buying of con-
sumers. Stocks total 567 $50 bags
compared with 221,472 bags a
year ago.
The Washington times., 1932-05-28
NeU York Central
Planning NeW Issue

Authority to issue SIS, 1000, 600
of refunding and improvement S
per cent mortgage bonds was
asked by the New York Central
railroad from the Interstate Com
merce Commission yesterday.
The road said it did not in
tend to sell the bonds at this
time but desired authorization
so they may be available for
security for any short term notes
it may issue.
The Washington times., 1932-05-28
GRAIN FUTURES
IRREGULAR

CHICAGO, May % QN.SJ.
Grains were irregular today.
Wheat was VI to 5sc off, with
corn and oats 1sc higher to Bc
lower. Opening prices:
Wheat-May 573s @5712c;; July
6334 @59Bc: September 601a q Sic;
December 63A@63H2c.
Corn-July 32b@32Ac; Sep.
tember 343sc; December. 35h@
S5Ac.
Oats-May 223sc; July 2224c;
September 2234c.
The Washington times., 1932-05-28
Treasury Offering
Finds EQsy Market

Last weeks offering Of $780,
OOO, 900 in 91.day Treasury bills
has been oversubscribed about
three times, Secretary Mills an.
nounced yesterday. The average
annual interest rate on the ap-
plications accepted will be 0.32
per cent, slightly higher than the
record of 0.29 per cent established
last week.
The total allotment amounted
to 500, ,O22 900, as compared bids
opened yesterday aggregating
s2o6, 500 900. The bills are to be
dated June /, and mature Au-
gust 81.
The Washington times., 1932-05-28
10th of Freight Cars
In Need of ReDair

More than 10 per cent of the
freight cars on American rail-
roads are in need of repairs, the
American Railway Association an
nounced yesterday. The number
actually in need of repairs on
May l was given as 218,303, an
increase of 9,031 in a month.
The Washington times., 1932-05-28
Fuel Oil Contracts
Awarded bv NaUu

Contracts for the supply of fuel
oil totaling approximately 1,000,-
900 barrels, for a total Of 1859.
$50, were awarded yesterday by
the Navy Department.
Of this amount 707, 400 barrels
were of grade A fuel oil, 100000
barrels grade c and 43,500 barrels
fuel oil for DIESEL motors.
The Washington times., 1932-05-28
Auction Sales
DEAD LETTER SALE

DEAD LETTER SALE
by
POST OFFICE DEPT.
Unclaimed articles from the mails
will be sold at
PUBLIC AUCTION
Thursday, June 2, 1882
at $50 a. M. in
THE BOYS CLUB OF
WASHINGTON BUILDING
THIRD AND C SITS. NORTHWEST
Mdse. of all kinds, clothing, shoes, jewelry,
auto parts tires, tools. kitchen & table
ware, bed table linen, books, radio &
electrical supplies farm implement parts
foreign stamps, first flight covers. ETC.
Goods on Exhibition
Wednesday, June i, 1882,
at Place Of Sale
From 10 a. m. to 3 p. m.
The Washington times., 1932-05-28
Pennsylvania Water
Dividend Declared

Directors of Pennsylvania
Water and Power Company have
declared a dividend of rs cents
a share on the no par value
stock of the company for the
quarter ending June 30, 1882,
payable July l to stockholders of
record June Is.
The Washington times., 1932-05-28
WASHINGTON TIMES

BUsIaEsS OFFICE, 1917 u 81. N. W.
RATES DELIvERED BY CARRIER IL
WASHINGTON AND ALEXANDRIA.
The Washington Times daily is delivered
By carrier at 10 cents per week Daily
week: daily TineR and Herald daily. ~
cents peF week: daily Timea ana Herald
daily and Sunda 70 centR Der week.
Che Washington Herald daily ano Gun.
day 10 delivered BY carrier at 10 centa
per week; daily only 70 cents Der week
and SUNDAY Only 10 cents per week
Orders can be cent by mail or telephone
District $500. Collection is made weekly
by carrier
RATES BY Mali
The Washington times., 1932-05-28
Special Notices

WATCH for formal opening Automobile
Laboratories, 144b Church st. N. W.
Potomac OS2O.
The Washington times., 1932-05-28

SONG POEMS WANTED
By recognized melody writer. Earl white
more. District Nat Bank Bldg MAJ. 1856
The Washington times., 1932-05-28
Radio Repairs and Used Radios

Georgetown Elect. Co. Radio Sets expert
service. 1905 Wis. Ave. NV. WE. 1867.
RADIO SERVICE & BATTERY RE-
CHARGING. 36TO Georgia Ave. Battery
Sales Co.. col. 10001.
FREE RADIO SERVICE
COLONY RADIO SERVICE
1885 GA. AVE. N. W COL. O06S,
RADIOS REPAIRED SERvICED, guar
anteed. TRIANGLE ELECT Co. 81
Fl N. W. MAI. 7044
The Washington times., 1932-05-28

Lawnmowers Sharpened
by Electrakeen system. No emery wheel used
Price, $3.50. Guaranteed,
MET. 2735. We Call and Deliver.
The Washington times., 1932-05-28
Educational
instruction Courses

LAKE SCHOOL
Stenography and Typewriting
417 Southern Bldg, 18th & H st. NV.
District 1919
Evening star., 1932-09-14
OPEN UNTIL 9:3OP.M. THUR,

Beginning tomorrow, Sears, Roebuck will start their
Anniversary celebration. And what Annivers
It's going last for nine days, and it's going have
for every day. Sears spent months getting
for this big After shopping for wonderful new tt
offer you, Sears put Anniversary price tag
You sone get a thrill out of these price
showing what the Worlds Largest Store do when it
celebrate its birthday.
See the Many Demonstrations
Evening star., 1932-09-14
THOMAS OPPOSES
BONUS PAYMENT
Socialist Candidate for Debt
Cancellation and Recog-
nizing Russia.

By the Associated Press.
NEW YORK, September 14.-Norman
Thomas, Socialist candidate for Pres
ident, on his return yesterday from
campaign tour Of the Middle West,
outlined his stand on international
ouestions and on the bonus.
A committee Of IS members OF the
women's International League lof
peace and Freedom, headed by MRS.
Gerard Swope, its chairman, calleo on
him and asked him four questions.
They explained they were seeking tne
views of all the presidential NOMINEES.
He told them he favoreo reeogniS1ti aats
of Russia. cancellation OF war oepts'
lower tariffs by international agree
ment or with the United States SET
tinU an example to the rest OF the
wcrld and universal disarmament.
He also said he favored entrsnce OF
thu United States into the Word Court
and into the League OF NatlonS:
In answer to a telegram from FRAMES
NcDermott, commander OF Omana
POST No, i. of the American Legion,
a. to his views on the bonus' ne 'e'e-
graphed: $4,000, r.vuent
4 am opposed to general payme;mS py;ar,
at this time of adjusted conlpeiiss;.oa' S;.oa
due to veterans III Ao1o' Lo.r
hoyeyer, unemployment relief has been
50 mishandled and no adequate pro-
yision has been made for relief ny
work and direct aid, 1 should consider
favoring a proposition to incorporate
p1yment of the bonus to unempioysa
Veterans as part of a compren nenSiYe
program Of unemployment relief 1noer
q financial plan which might mean
cootrolied but not uncontrolled, infia-
This is very different from indls-
criminate payment of the bonus at TINS
time to veterans, employed OF unem-
ployed alike
Evening star., 1932-09-14

A most amazing selection of beauti-
full and becoming models in colors to
match or harmonize with your new
ensemble. You can buy several for
the price you expected to pay.
Second Floor
Evening star., 1932-09-14
nine POLICEMEN FREE
IN STARK'S DEATH
Assault Indictments Dismissed
After Four Acquittals at
Mineola.

b. the Associated Press.
nNEoLA, N. Y, September IL
Assault indictments against OF Is
policemen arrested after the alsgeo
third degree" death OF LYMAN Stark,
a prisoner, we're dismissed Monoay In
The other four were acquitted OF
manslaughter recently in Stark's death:
The nine were charged with second
degree assault on Stark's three com
pantoEls in an alleged attempt 10 get
a confession they had attacked a de-
tsctive's mother during a robbery.
District Attorney Elvin N. Edwards. In
petitioning for dismissal, said he no
longer had any hope Of conviction ana
III would be foolish to waste the
courts time"
It was testified at John Doe hearing
that Stark died Of strangulation from
a broken larynx.
Evening star., 1932-09-14
TRIO WHO ROBBED D. c.
TOURISTS GIVEN 3 YEARS
Four Washingtonians Were Visit
ing in Canada-Tooth Paste Tube
Traps Guilty Youths.

e. the Associated Press.
NIAGARA FALLS, Ontario. Septem-
b,r l4.-Three youths who held up and
robbed party OF washington, u. C''
tourists here September 4, were SEN
fenced to three years each at hard
labor in Portsmouth Penitentiary;.,
The young men. Albert O'Nel, Il;
Arthur Brooks, 81, and Douglas Roberts.
IS were captured when one was found
in possession Of an oddly twisted tube
OF tooth paste owned by one OF the
tourists.
The victims of the holdup were Henry
Beall. 10, of 619 Eighth street. south
west, an apprentice at the Government
Printing once; Frances King, II, OF
the 700 block of Eighth street northeast:
Harry Garner, 10, of ASH Tennessee
avenue northeast, q messenger for the
telephone company and his sister Ma
bel, 1S.
Evening star., 1932-09-14
GUN HURLED ON WALL
OF MARYLAND PRISON
Auto With D. c. Tags Sought Fol-
lowing Discovery Of Weapon
at Penitentiary.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, September IA
Police here today posted lookout for
an automobile bearing District OF Co
lumbia tags which pulled up near the
Maryland Penitentiary Monday night, .
short time before a carefully wrapped
gun was discovered atop the 18-foot
prison wall by a guard.
Working on the theory the weapon
was intended for some inmate of the
prison, of1icials believe whoever threw
the gun package misjudged the width
of the wall which is four feet wide at
the point. The gun was found by Guard
John A. Smith.
The gun was wrapped IN a woman
silk stocking, around which had been
placed six sponges, q newspaper and
some oil-soaked cloth.
Evening star., 1932-09-14

An exciting game Of foot ball In
Liverpool. England, was stopped when q
kite flew over the grandstand and
ground. compelling the players to draw
fhs string of the gridiron.
Milford chronicle., 1932-10-07
THE POLITICAL ORATOR

People who contemplate a politi-
cal career must learn to talk. These
trembling knees and stammering
lips, when man faces an audience,
do not make votes. Many highly eff
ficient people are beaten for public
office, or would be defeated if they
ran, simply because they can't get
up and make good speech.
The average run of voters will too
often prefer a tonguey man who can
talk we'll, to one who is solid and
substantial, but who has no power
of public speech.
We need more people in office who
know how to run business, but to
prove they are competent, they must
learn to tell the people what they
are doing, in language so clear that
a grammar school boy can grasp it.
The man who really knows his job,
and can tell about it in that lucid
fashion, is unbeatable.
Milford chronicle., 1932-10-07
ANARCHISTS STRIKE AGAIN

The bombing of the home o.
Judge Webster Thayer, of Worces-
ter, Mass, who was the presiding
justice in the famous Sacco-Vanzetti
trial, seems clearly enough the work
of anarchists who have set out to
destroy our present government and
social organization. They think
they inspire terror by such an act,
and that such vile deeds win adher-
ents for such a cause.
But the American people are not
so easily terrorized. Such assail-
ants, instead of making friends,
make only enemies, who look with
contempt on such consummate cru
city. The world has no use for
snakes who strike and sting in the
dark. Violence will never be sub
stituted for reason in country
whose people have been educated in
public schools.
Milford chronicle., 1932-10-07
BUYING AUTOMOBILES

Retail sales of automobiles during
August showed the first real rise
since the depression began, accord
ing to Mr.. Sloan, president of Cen
eral Motors. Evidently many people
who have been covering over their
dollars, afraid to buy anything but
food and clothes and shoes, are be-
ginning to- part with their boarded
coins, and are taking a more normal
view of life.
Perhaps when these folks get out
in shiny new cars, the world will
not look so dark. The possession
of an automobile is said to impart
confidence. But if the old bus rat
ties like a bag of bones every time
it goes over a bump, confidence is not
precisely the feeling which it in
spires.
If you have to take it to the re-
pair shop for every 200 miles it runs,
because some new member of its
feeble anatomy has baked, ii has
done nothing to put brighter face
on the world. Every time the repair
bill comes around, the owner curses
his troubles, and looks at his eX-
penses to see where he can curtail.
The automobile business is head
ed for better times. For people look
at automobiles in different light
than formerly. Those who have
once owned a car can't see them
selves deprived of this form Of mo-
tion. They will let rooms to board
ers, they will move into smaller
quarters, they will double up with
relatives, before they will let the car
90 to the junkheap, unless another
,ne is obtained to take its place.
People say there is depression,
)ut can you see any sign of it on
he roads and the parking places?
The cars look as numerous and shiny
Is ever. And cars will wear out, as
hey reel off their miles by the
thousand. Millions of owners are
IN the point of saying that the old
Jas buggy must go to its final rest,
nd that somone sounder of wind
nd limb must take it's place. When
hey day comes, watch for humming
utomobile factories, and it will
ONE soon.
Milford chronicle., 1932-10-07

Vice President has up to this time
been completely muzzled, as have
such radicals as Senator Norris and
Senator Wheeler, neither of whom
has been permitted to speak under
the auspices of the Democratic Ma
tional Committee. Huey (1he King
fish, Long has announced that ne
will speak for Roosevelt, but Mr..
Kent, above quoted, says he will be
kept west of the Mississippi and
will not be given a radio hook-up.
A noble campaign indeed. And yet
the man who makes it is endeavor-
ing in every way he can to capital
ize the name he bears and to convey
the impression that his election will
put another Roosevelt in the
White House." 1t would indeed be
another" Roosevelt. Can anybody
imagine THE Roosevelt making
pussyfooting campaign, trying to
sneak into office by concealing his
convictions, trying to get every
body's vote by offending nobody,
seeking to win nelection by capi-
talizing his country's distress?
Milford chronicle., 1932-10-07
POLLYANNA CAMPAIGN

Trained and frienly observers ac-
companying Roosevelt on his west
ern tour write that he has disap-
pointed his audiences by his lack of
aggressiveness and his conducting a
Pollyanna campaign, jollying the
crowd with local pleasantries rath-
er than hitting out and saying some
thing real" Thus comments Frank
R. Kent, Democratic political wri-
ter in the Democratic Baltimore
Sun. And he adds that it would be
hard to sum the Roosevelt campaign
up better than that. In the presence
of confession like this from a
friendly commentator, the Republi-
cans can hardly be blamed for
charging the Democratic nominee
with deliberate intent to shape his
campaign utterances in such man
ner as to please everybody and Of
fend nobody-a colorless, noncom-
initial campaign which gives the
country no information as to how he
really stands on any important is
sue. This attitude was illustrated at
Topeka where Governor Roosevelt
discussed the farm problem and
where in effect he said "the farm
ers are in bad way and something
should be done about it." It was il
lustrated again out in the silver
states when, hard pressed to say
something on that touchy topic, he
said he would recommend an inter
national silver conference if elected
in which he hoped something could |
be done for silver without detriment
to the cause of sound money. AS yet |
he has nothing about the veterans
bonus, but from his New York head
quarters a statement has gone ont
indicating that when he returns
from this tour he will have "com-
promise" to offer, a cross between
giving the soldiers nothing and Civ
ing them all they ask-which would
be entirely characteristic.
In a word, the Democratic candi-
date is evidently depending upon
The depression to elect him and not
upon any positive constructive pro-
gram which he offers as relief from
he depression. And yet his name is
Milford chronicle., 1932-10-07
RAILROAD TROUBLES

Ex-President Coolidge and ex-
Governor Smith are two members of
committee, appointed by a group OF
Savings banks and life insurance
companies, ETC., to study the finan-
cial difficulties of the American rail-
roads.
The railroads of our country bind
the sections together and make mod
ern business possible. The Ameri-
can people do not propose to wreck
them. These companies are having
financial troubles, which do not ap-
pear wholly due to industrial depres-
sion. Some means must be found to
put them on their feet. They must
cure their own difficulties as far as
they can, but our people can not af-
ford to bankrupt an industry in
which savings banks and insurance
companies have invested huge
amounts of money.