davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-10-29
FOOD PRICE HAS
SHARP DROP

The wholesale food price index,
as ompile by Bradstreet's
Weekly, decreased 6 cents, or 3.5
per cent, during the week ended
October 25, to $167. Very little of
this weakness can be attributed
to seasonal effects. The adjusted
index fell to $40 per cent of the
1928-30 average as against SAT
in the preceding week and COM
pareS with the low'for this year
of 516.
Commodity prices other than
foods were also severely depressed.
Of the general list of 81 COM
modities reported by 3radStreet's
Weekly, only 7 increased, "a de-
clined and Sc remained un-
changed. These compare with 9,
19 and SO, respectfully, for the
previous week.
The exceptional weakness is
probably result of the relative
inactivity which has prevailed for
the past two weeks or more in
practically all markets. The, dull
ness is attributed primarily to
conditions caused by the election
period. The greatest weakness is
evidenced in such commodities as
wheat, cotton and nonferrous
metals, which were the leaders
in the recent advance of prices
as a whole.
The Washington times., 1932-10-29
COTTON CLOSES.
13-15PO|NTS3
" -.
LOWER /

NEW YORK, Oct. 20 UN.sJ.
Reactionary tendencies were
again prominent i'll the cotton
ring today.
Trading was not particularly
active, although ther were COM
paratively large hedge sales
through Southern and co-opera-
tive brokers. " addition, spot
houses and wire firms sold. Brok;.
erS with japanese connections
sold distant months.
The main support came from
commission houses, Wall Street'
and trade. =.
There were few developments
during the day of sufficient force
to influence market opinion.
Tightening exports were consid-
cred, but on the other hand, mill
forwardings were the largest since
the fall of 1923 totaling 4l7,O0O
bales, according to the cotton eX-
change figures. -.
Final prices were off 13 to Is
points. December was off Is at
6.l2; January, off IS at SIS;
March, off Is at 6.25; May, off is
at 6.36; July, off IA at 6.47, and
October, off 13 a. 6 so. -'t
The Washington times., 1932-10-29
GRAINS FOLLOW
DIP IN WHEAT

CHICAGO, Oct. 29 QN.S0.
Liquidation was renewed in the
wheat market today and after
prices had opened steady on firm
cables a reactionary tendency de-
veloped.
Losses of nearly a cent bushel
were recorded in the first hour
as buying power failed to develop
and locals took to the selling
side.
Coarse grains declined frac-
tionally with the market leader.
Trade was quiet in the smaller
pits.
Near mid-session wheat prices
were "a to 7sc lower, corn "a to
3sc down, oats steady to Ac
lower and rye u to 1ac off. -
Liverpool wheat closed 1s to
5sd higher, but Winnipeg was
weak with Chicago. Export de-
mand was slow and the Canadian
market also suffered from lack
of buying power.
The Washington times., 1932-10-29
LOSSES IN LATE
STOCK DEALS
ARE SHARP
BY LESLIE GOULD

NEW YORK, Oct. 20 U.N.S0. .
The stock market was reaction
lary today, losses running l to 2
points under the influence of
decline in ca loadings and a
break of cent a bushel in
wheat.
The drop of more than 5000
cars in loadings, the first decline
in six weeks, was unexpected and
brought considerable weakness
into the rails.
List Follows Rails
With the carriers dropping
from l to points, the rest of
the market followed and closed
unsettled around the lows of the
day.
Another unSettling influence
was irregularity in bonds after
yesterdays buoyancy. Railroad
obligations were the principal
losers.
Trading in stocks continued
at the dull rate of recent Ses-
6ions. Weekend evening up and
scattered short covering provided
some support. Commodities were
gen ally lower, with wheat and
cotton suffering substantial losses.
Opening Was Strong
The market opened strong as
yesterdays rally brought further
short covering in at the opening.
This buying soon petered out
and the list marked time until
the loadings report was published,
when the decline started.
The Washington times., 1932-10-29
INCOME
SHOWN|NO OIL

NEW YORK, Oct. 29 G.N.SO.
Improved earnings over last year
were shown today by several lead
ing oil companies in their reports
for the first nine months of 1882,
reflecting recent increases in crude
oil prices.
The Tide Water associated
group, Seaboard Oil Company,
Colonial Beacon Oil Company, and
Shell Union Oil reported increased
income today, while Phillips Pc
troleum showed a favorable re-
port Thursday.
Shell Union Oil Corporation re-
ported a net loss of $162,593 for
the September quarter, compared
with a loss of $193,126 in the pre-
ceding quarter and $2,681, 500 a
year ago. Nine months loss was
$3,098.O26 against a loss Of $685.
GALL a year ago.
In the third quarter this year,
the corporation made a profit of
$1,629,345 from the purchase be-
low par of it's debentures. In the
nine months, profit from this
source was $6,051, ,668. This profit
is not included in the earnings
figures.
Shell Pipe Line Corporation re-
ported for the third quarter a
net operating profit of $2,151, ,977,
before providing for Federal in
come tax, against So, 3,403,578 in the
same 1881 period.
The Washington times., 1932-10-29
DAIRY PRODUCTS

CHICAGO. Oct. 80 N.s.).-Butter-.
1855 tubs; steady old cars, 4; new, 81
creamery extras. 1919: standards, 1s%
extra firsts, 1Shm19; firsts. l7k6
17% packing stock, IL; specials, 20@
2Ok.
Eggs-2,227 cases: steady: old cars,
12 new. .; ordinary current receipts,
19022h fresh graded extra firsts. less
than cars, 23%: cars, 24H: fresh graded
firsts, less than cars, %; cars, asa:
dirties, 5000: checks, 1691s.
Cheese-Young Americas, 1914 @13%:
1onghorns. 1914 @12%: brick. fancy. II:
daisies. 12a Q12%; prints, 1918; twins,
12m12K
The Washington times., 1932-10-29
BALTIMORE PRODUCE

baltimore. Oct % U.N.S).-I.ive
Poultry-Chickens, old. heavy 16017c;
few higher: medium, 12015c: Leghorns
and other light stock, &c a L2c; roosters,
S@10c; chickens, young colored as to
size, S@14c; Leghorns. ss to size, SO
12c. Ducks-YounE white Pekins, 4
pounds and over. 12@13c: Muscovy, 4
pounds and over, 12@14c: puddle. 4
Young, over 2 pounds, 35c: smaller, use.
Turkeys-Young heng, 2o@33c; Gobblers.
10000.
nearby current receipts 2S@29c: hem
merry. whites. as to size 27I35c. Re-
ceipts-Butter. "a tubs: eggs. sos cases.
The Washington times., 1932-10-29
Grain Sterilization
Coffee Sale Feared

NEW YORK. Oct. 90 UN.SO. .
The coffee market last week was
marking time and waiting for the
announcement of the prices at
which the grain stabilization cor
poration will dispose of 62,500
bags of coffee on Tuesday, No
vember 1.
Roasters and other important
consumers bought bare necessities
in the spot market.
For the week ending Friday on
the New York Coffee and Sugar
Exchange, Santos futures closed
10 to IL points lower, and Rio
contracts closed z to 16 points
lower.
The Washington times., 1932-10-29
METALS ARE QUIET

NEW YORK. Oct. 20 G.N.S).-Cop.
per buying continued small here and
abroad today with price unchanged.
Shipments to the continent were at
$40 to SIS cents pound C. 1. f.
Hamburg, Havre and London.
Electrolytic for domestic shipment
was "a cents delivered to the end of
March. 1888. European destinations
ports.
Lead buying was quiet with the
price unchanged at : cents pound
New York and 2.9O cents st. Louis
Zinc buying was small in volume
with prime western zinc unchanged at
8 cents q pound East St I.nnis
The Washington times., 1932-10-29
J.C. DuIin, Jr., Joins
d. C.. Stock EXCHANGE

James C.. Dulin, jr., assistant
treasurer of the American Secur-
ity and Trust Company, has been
elected to membership on the
Washington Stock Exchange. Du-
lin entered employ of the trust
company in 1909 and became
assistant treasurer in 1922. He
is now in charge of the security
and foreign exchange depart
ment,
The Washington times., 1932-10-29
CHICAGO LIVESTOCK

CHICAGO. Oct. 20 INs.).-Hogs--
Receipts. 5000: market steady. Top,
$40: bulk. SG.1O8.?O: packing sows.
s2,5O9%; pies, &3T3.35. Holdovers.
1000.
Cattlo-Receipts. 700. Market steady.
Recr ytecrs-Good and choice. $769.S0;
com0On and medium. $5@7: yearling9.
S5"' Butcher Catt c-Heifers, S3m
&7.51; bulls. S2.25m4: calves, Hme:
feeder steers. $%.5OaG: stocker steers,
&3.25 SIS; stocker cows and Heiters,
$2.5OG0f.5O.
Shsep-Receipts. 7,OOO: srket steady.
Lambs. $S65.7S: common. s3D4; yearl-
ings, I3945o; feeders, N258S; ewes,
The Washington times., 1932-10-29
SteGdier Appearance
StirS Cloth BUuerS

NEW YORK, Oct. 20 G.N.SD.
The coarse yarn cloths market to-
day appeared to be appreciably
steadier, so far as most print
cloths were concerned. This at
tracted a large number of buyers
to come in and check up on price
possibilities.
In number of instances,
buyers were actively bidding for
spots at prices which were freely
quoted for late contract, and such
bids were consistently turned
down.
The Washington times., 1932-10-29
Bankers Plan Aid
In Red Cross DriUe

Participation in the Red Cross
roll call and arrangements for
handling collections from their
staffs were discussed at a meet
ing of bank representatives yes
terday afternoon at which Fred
erick P. H. Siddons, secretary of
the American Security and Trust
Company, chairman of the roll
call committee, presided.
The Washington times., 1932-10-29
World ShipbuiIding
LOUeSt in so Years

Shipbuliding has declined to the
lowest point in so years, it was re-
vealed yesterday in a Commerce
Department report showing that
only 901, 200 tons were under con-
struction in the world on October
l. This is 100000 tons less than
the June figure.
Every Shipbuilding country reg
istered a decline except Japan
which showed a slight increase.
The United States remained in
third place. 1t was exceeded only
by Great Britain and Italy.
The Washington times., 1932-10-29
Bank Suspensions
Drop Third in Week

Bank suspensions dropped to IA
in the week from 81 in the pre-
ceding week. For the first time
in three years, suspensions in
october have showed so far no
increase over September. accord
ing to the American Banker.
There were 522 in october last
year, the worst month in the de-
preston,
The Washington times., 1932-10-29
Good Business
News Clips

Graham.P Paige cuts quarter
loss to half that of year ago.
Delaware Lackawana and
Western places 4,OOO-tOn rail
order.
Foreign copper COnSump-
ton increases in past three
months.
AtchiSOn head pre- s
October will exceed Septem-
ber gross.
MathieSOn Alkali Works
reports trade pickup steady
since July.
The Washington times., 1932-10-29
GORHAM DIVIDEND

Directors of the Gorham Manu-
featuring Company declared the
regular quarterly dividend of IS
cents a share on the common
stock, payable December / to
stockholders of record November
15
The Washington times., 1932-10-29
MISSISSIPPI TAX UP

Farm land taxes have jumped
249 per cent in Mississippi and
228 per cent in Louisiana "since
1918, the Agriculture Department
reported yesterday.
The Washington times., 1932-10-29

New York funds in Montreal. $96.Si
premium at $1,000.
Montreal funds in New York. &96.SI
discount at $1,000.
The Washington times., 1932-10-29

9Js 45s Zonite Prod L6W "a 81 6H
(a) Optional stock (b) Partly extra tcI Ex-
stock cash. ld Extra in stock S3 Paie isSL;
in scrip (AAj 1OG6 in stock. twwl With warrants
(xwJ Without warrants 20 Ex-dividend. (D Ex-risht&
Dividend dollars in parentheseA
The Washington times., 1932-10-29

61a Yale Towne ~. 10 10 10
138 Yellow Truck. 3I 3I 3N+ !
Youngstn T ~ l21a I2]4
The Washington times., 1932-10-29

u Gen Am Inv..... 81 ah 81 -
Evening star., 1932-08-16
CITY SUBWAY LINK
OPENS LABOR DAY
New York Engaged in Huge
Experiment in Operation
of Municipal Utility.
BY the Associated Press.

BY the Associated Press.
NEW YORK, August 16-The City
of New York's Eighth avenue subway
project is described as the most colos-
sal experiment in municipal operation
of a utility in history.
The city undertakes it reluctantly,
and only after conviction that no sat
1,factory bids would come from private
operators.
About Labor day, 1t is promised, the
first 12-mile stretch will be open to
the public. This link Of the line could
have been put into service at q much
earlier date, engineers assert-the few
details of construction not yet COM
pleted could have been rushed through
in short order. But the Board OF
Transportation has given every evl.
dence of hoping for the unification OF
all of the subway and elevated lines
under city ownership.
City Insists on Scent Fare.
The board can see only loss in op-
Grating the IL miles with scent
fare. and the city administration has
no intention of tossing aside this ap-
pealing nickel ride for the voters.
AS more units of the new system
are connected with the Eighth avenue
trackage, it is calculated, the system
will pay its way. Law requires that
the new lines be self-supporting after
three years, if publicly operated.
The IL miles are part OF 57-mile
independent underground system,
which will reach far into three other
boroughs of New York, and which will
not be completed before 1898, at the
earliest.
It is estimated that s3,ooo,ooo pas
sengers will be carried in the f1rst
year Of operation, between Chambers
street, in lower Manhattan, and 18lst
street at Broadway.
This will relieve crowding to great
extent on other rapid transit lines IN
Manhattan. And the routing Of the
new system will carry many thousands
of straphangers closer to their business
and home addresses.
1,400 to Hold Jobs.
There will be only / 400 persons ac-
tually engaged in operation Of the IL
mile stretch, but the building OF the
subway has meant much in holding
down the city's unemployment problem.
For five out of the seven years since
former Maj. John Faithful" Hylan
broke ground for the new line, there
contractors The turnover probably
has included $4,000 individuals, in
keeping the ranks up to 10000, accord
ing to Board of Transportation figures
The board itself, created by the
Legislature in 1924 to direct the con-
struction of the subway, keeps 1900
persons on the pay roll.
Up to July /, the city had put ap-
proximately s465, 100000 into the
Eighth avenue project. The eventual
cost will be $750,000,o00.
Evening star., 1932-08-16

Belgiums Sixth Oficial Colonial and
Industrial Fair will be held in Antwerp
in August and September.
Evening star., 1932-08-16
Mems Sleeveless
Sweaters

They were good @1
values even at 1.59. ~
All wool, in blue. green,
tan and black. Sizes "a
to 46. Mems Dept. Main
Floor.
Evening star., 1932-08-16
Boys 25c-35c
Hose, 5 for

7s medium weight cT
hose; small all-over W.
patterns; new shades.
Correctly sized and guar
anteed fast color. Sizes
BIZ to II. Boys Dept,
Main Floor.
Evening star., 1932-08-16
Mems soc Union
Suits, 3 for

Athletic suits Of @1
sook; knee ~A
length, sleeveless, button
over seats. Mems Dept,
Main Floor.
Evening star., 1932-08-16
Wilson soc G
Balls, 7

"Wilpro," Crest"
a n d 1T ru pu t."
known the nation
and highly recomme|
Mems Dept, Main [
Evening star., 1932-08-16

Shorts of fast-color broad
cloth, with elastic bands and
ties. Novelty and conserva-
tive patterns. Full seat.
Sizes 80 to 10. Athletic shirts
of fine combed yarns with
plenty of stretch. Sizes "a to
46.
Evening star., 1932-08-16
Boys Shirts
Shorts. >

Shirts of fine comb
yarns, 10 N e C k
style. sizes "a tc
shorts of plain and
broadcloth. "a to "a.
Floor.
The Washington times., 1932-11-15
National Bank Resources
Gain Between Calls

For the first time in two years
resources of the national banks Of
the country showed an increase
between calls, Acting Comp
troller of the Currency F. G.
Await announced today.
Resources of the 6,085 banks on
September 80 amounted to $22,-
565, 1855, 900, a gain Of $198, ,284, 900
over the jun 80 cali but a de-
cline Of $3,l80,069, 900 from Sep
tember 90, 1881.
Reduced by Failures
At the end of June there were
6,150 reporting banks as COM
pared with 6,658 in September,
1881. The heavy reduction was
chiefly due to failures.
Loans and discounts on Sep
tember 80 totaled $9,919, ,662, 900,
decreases for the three and IL
months periods of 1862, ,014 900
and $2,560, ,273, 900.
The banks continued to main
tain large volumes Of United
States securities with holdings Of
S., ,662, ,669, 900 on September 80, a
gain Of $31O,O03, 900 since June
and $375, ,402 900 in a year.
Other bonds and securities held
aggregated SO, ,780, ,623, 900, repre-
The Washington times., 1932-11-15
CARDED CLOTHS
OUTPUT HIGH

The highest weekly rate Of pro
duction since April 1890 and a
continuation Of the abnormally
low mill stock position are fea-
lures of the statistical reports on
carded cotton cloths for october
as compiled by the Association
Of Cotton Textile Merchants OF
New York. The figures cover a
period Of four weeks.
Production during october was
263, 1000 yards, or at the rate
Of 63,277,0 900 yards weekly. This
was an increase of II per cent
over the weekly rate for Septem'
ber. Billings were 246, 6,562, 200
yards, or 97.4 per cent Of pro-
duction.
Stocks on October 81 were 1885,.
$4,000 yards, the lowest figure
for any month save the 16O,121. =
600 yards recorded in the Sep
tember report. Sales we're 49,
657 900 yards and untitled orders
347. .I23, 900 yards.
These statistics are compiled
from data supplied by twenty
three groups of manufacturers
and selling agents reporting to
the Association of Cotton Textile
Merchants Of New York and The
Cotton Textile Institute, Inc.
The Washington times., 1932-11-15
TOBACCO SCARS
IN DANV|ELE

DANVILLE, Va, Nev. 15.-To-
bacco sold here at the highest
price of the season in the week
ended November 10, and raised
the average for the season to
more than $40 a hundred pounds.
The weeks sales were 1880, ,805
pounds Of tobacco, for $lS7,351,
an average of $11.79 a hundred
pounds. compared with 2,O60,4l
pounds for $210,174, or an aver
age Of 5000 a hundred pounds
in the preceding week.
Season sales to date totaled
8,238,023 pounds for 1884, ,796,
an average of $10.13 a hundred
pounds, compared with 9,258,931
pounds for $818,943, an average
of 1886 a hundred pounds, in
the like period last year.
The Washington times., 1932-11-15
STOCKS STRONG
! AFTER LOWER
OPENING
By LESLIE GOULD

NEW YORK, Nov. Is uNSJ.
Governor Rooseve!t's acceptance
Of President Hooyer's bid to a
discussion of the war debts
and other Government problems
,steadied the stock market today
and brought about q rally
Stocks were lower In the early
trading on 0 carryover Of selling
from yesterdays decline. Sup
pert was aggressive. however, and
with sentiment stimulated oy
ROosevelt's action, the market
turned upward strongly.
Bank Failure Ignored
Closing Of another bank in
Pittsburgh, the second in two
days, was an early unsettling in
tluence but passed off quickly.
The rally was led by the wheat
stocks, principally Case Thresh-
ing, which spurted 2 points.
American Telephone was a
strong leader, rising more than
q point.
Seaboart. Oil was outstanding
In the petroleum group. going to
. new high for the wear. Pool
operations were apparent in a
number Of other issues, especially
In Freeport, Texas, United Air
craft and Montgomery Ward.
Trading Slows Up
United States Steel common
was sluggish and failed to do
anything in the first hour even
though the rest Of the list i'm
proved.
Trading was less active than l..
recent sessions.
A fresh break in electric bond
and share on the curb over the
dividend uncertainty brought
some selling into the utilit' ), but
the group showed. better tone
than yesterday.
The Washington times., 1932-11-15

Sented a decrease Of $63, 1863 600
in three months and $590, ,393, 900
in a year.
Capital Cut Sharply
Paid in capital stock Of the
banks totaled $1,563, ,232, 600, less
by $5.751, 900 than in June and
$93, ,142, 900 under September, 1881.
National bank notes outstanding
on September 80 amounted to
$743, ,O0O, 900, compared with $751;
600, 900 a year ago.
Deposits on September 80 were
SIT, ,917,O00, an increase Of
1921 ,000, 900 since June and a drop
for the year of $2,697 ,467, 900.
The United States had on de-
posit $374,0O0, 900 in the national
banks. Other demand deposits
totaled $7,848, ,753, 900.
13 Million Savings Accounts
Time deposits were $7,2S7, $685..
600, including $5,035, ,483, 900 in
savings deposits. There were 49,
875, 1853 savings accounts.
The percentage of loans and
discounts to total deposits on Sep
tember 30 was 56.10, in COM
pariSon with 58.88 on June 80 and
61.24 in September last year.
The Washington times., 1932-11-15
DOW NEW life
AGENCY HEAD

Carl Smith Dow has been
named to succeed Russell Shelk
as general agent here of the Pa
cific Mutual Life Insurance Com
pany. Mr.. Shelk will continue in
association with the office in
estate and underwriting work.
Mr.. Dow is president of the
local chapter Of Chartered Life
Underwriters and q. member Of the
board Of the Washington unit Of
the National Association of Life
Underwriters. He formerly was
on the staff Of the Chamber Of
Commerce of the United States
and for eight years has been a
member of the local agency Of
the Northwestern Mutual Life.
Mr.. Dow long has been active
in insurance education here and
conducts a course in salesmanShip
and psychology at George Wash.
ington University.
The Washington times., 1932-11-15
j Underwriters
HEAR CHIEF

Charles c. Thompson, Of Seattle,
president Of the National Associa-
ton of Life Underwriters, was the
honor guest of the local organiza-
tion, yesterday, at q well-attended
luncheon meeting at the washing
ton Hotel.
He said that the United States
leads the world in per capita in
Surance, which, he asserted, is one
of the Surest safeguards Of indi-
vidual rights and one of the great
est incentives to individual re-
sponSibility necessary to the con-
tinued success of republican gov
ernment.
Mr.. Thompson, who is general
agent for the Metropolitan Life
Insurance Company in the Seattle
area, was introduced by Vincent
Saccardi. of the local Metropolitan
staff, and preceded briefly by
John Dolph, District manager.
John p. Lynch, president Of the
local group, presided.
The Washington times., 1932-11-15
COTTON CLIMBS
IN MODERATE.
TRADING

NEW YORK, Nov. Is QN.S0.
The cotton market reversed its
declining tendencies Of the past
two days, and moved up conf
IDENTIFY today, along with the
uptrend shown by wheat.
Trading Moderate
Trading was but moderately
active, with hedge sales through
the large spot houses and selling
by New Orleans supplying the
bulk of the contracts. Coopera.
tive brokers sold May and July,
while local traders were also on
the selling side.
There was a fair amount of
domestic and foreign trade buy
ing. Liverpool bought near
months, while brokers acting for
the Far East bought distant
months.
Weather Favorable
The weather map indicated
fair and warmer today in the
East, followed by rain. Partly
cloudy and warmer was forecast
in the central belt, rain and
cooler in Arkansas and Okla
homa, and cloudy and warmer
In Texas.
Late in the forenoon, Decem.
Der was up 8 points at 6.37,
March was UP 8 at 6.54, May up
2 at 6.62, July UP 6 at 6.73, and
October up 8 at 6.87.
The Washington times., 1932-11-15
CITY BANK STOCKS

New York city bank stocks regis
tered a recovery during the past
week approximating 10.9 per cent.
The aggregate value Of is leading
issues, according to Holt, Rose &
TroSter, at the close Of the week,
was $l,S69.7l6,0OO, which COM
pareS with $1,677, $4,000 at the
close Of the previous week.
The Washington times., 1932-11-15
Harvester Receives
Biz Soviet Pnyn1eVlt

The Soviet government has be-
gun to make its 1892 payments on
farm equipment shipped to that
country in 1929, 1880 and 1881.
International Harvester has re-
ceived $4,O00.000 to $5yOO0.000 as
final payment on its 1929 order
and part payment on its 1890 or
der for tractors, etc. shipped to
Russia. A balance Of about ST.,
100000 is due the company in the
autumn q 1888.
The Washington times., 1932-11-15

n Zenith Radio.
W. ~ Zonite Prod L60. IN 81 TG+ "
(a) Optional cash. Cb) Partly CeI Ex
stock and cash "a E1srs , in stock tE raia 1891
in scrip tAAl lC9 in stock twwl with warrantS
(NotsI Extra dividends published through regular
Dividend RATE In dollars in parsnthssea