davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-01-16
FRACTIONAL DROPS
MARK BOND SALES
Market Reacts Downward
Slightly in Moderately
Heavy Trading.
BY F. III. RICHARDSON.

Special Dispatch to The Star
NEW YORK, January 16.-Bonds re-
acted narrowly today In moderately
heavy trading. Losses ranged from l
to ~ points in the major body of
domestic securities, with fractional dips
in United States Government issues.
Foreign dollar bonds were irregular.
Little beyond technical factors can
affect the domestic bond market until
the railroad conference at Chicago pro-
duces some definite result and the un-
certainty regarding the German stu
alton is cleared up.
United States Government bonds
dropped a to u point on a fairly large
volume of selling Some of this was
undoubtedly profit taking by those who
bought in at the lows, but more of the
pressure was attributable to the still
heavy movement of bonds from sus
pended banks and other institutions
needing cash. Treasury Az were most
active and sold down nearly u point
at one time. In the last hour many of
the Government descriptions made par
tial recoveries.
Profit-taking pressed railroad bonds
down l to ~ points, with the move
ment centering mainly in speculative
issues. Higher grade rail bonds were
steady, and so were prime utilities, such
as American Telephone 5S and Con-
solidated Gas SIPS. Junior utilities and
induStrials were more irregular. Texas
Corporation SIS and Inland Steel 412s
were both higher. International Tele-
phone 5s, Western Union SIS and Inter
national Match SIS were lower.
German bonds were firm. Young
plan 51as and Dawes reparations Is
both retained part of their opening ad-
vances. Prussia IS, Berlin IS, Frank
fort 61as and other German municipals
also improved. British 51as f1rmed with
the steady tone in sterling. A few
South American descriptions which
have recently had good advances sold
off under realizing. Japanese and
Australian issues were little changed.
The municipal bond market had a
better tone than it has had in some
days. New York City's quick action
in inaugurating an economy plan
seemed to be satisfactory to those who
a week ago were pressing down prices
for New York City bonds. There were
reports that New York State would
shortly offer block of bonds. The
States obligations are currently selling
around $50 to per cent yield basis,
against yield bases around 534 to 6
per cent for the obligations of other
States and cities.
Evening star., 1932-01-16
Unexpected Gains
Shown in Business
In First Full Week
Review, However, Indi-
Gates Activity Below Open
ing of Past Years.
Special Dispatch to The Star.

NEW YORK, January 16.-The year
has started with considerably more snap
than was expected, though less than
in 80 and 81, says the Business Week.
The first full weeks records do not in
dicate any definite turn in industrial
and business activity, but they show
some response to seasonal stimulus in
steel and the cotton trade and at least
resistance to further recession in almost
all lines.
Commodity prices continue encou-
ragingly steady. ActiVs interest in the
auto show has aroused more optimistic
estimates of Spring output. Power pro-
duction, carloadings, construction prof.
ects are still slack.
The first half of January has been
distinguished chiefly by pronounced i'm
provement in securities markets, prin-
cipally in rails and especially in bond
prices. Some of this is usual at the
season, but most of it is undoubtedly
due to improvement in railroad pros
poets, high hopes of early relief from
banking strain through the Reconstruc-
ton Finance Corporation and recent
expectations of rigorous reversal of pas
sive Federal Reserve policy in face of
destructive def1ation.
Moves toward easier money rates in
the New York market have stimulated
speculation on the possibility that the
reserve banks viii lembark on aggressive
open-market operations to force member
banks credit expansion and facilitate
Federal financing. This is important
if true, but it is too early to tell whether
it is, and whether it will be effective.
Political and popular pressure toward
expansion is powerful and may prove
irresistible; but the response of banking
authorities to the inevitable has been
so belated and the credit mechanism
so crippled by lack of confidence that
some form of more direct imitation may
be forced upon us if the commercial
banks cannot or do not cooperate in
carrying out reserve policy.
The preliminary index noted by the
business week for the seven-day period
ending January 9, reads at 635. The
revised reading for the week ending
January 2, is 62.5. For the week closing
January 10, 1881, the index stood at
81 4
Evening star., 1932-01-16
New York Cotton

NEW YORK, January Is (P).-Cot-
ton opened steady today, 3 points up
to l point off with trade buying in the
near months. There was scattering
weekend liquidation. March sold st
672
Selling increased slightly after the
call, owing to the lower opening Of the
stock market, with March selling off to
667 and July to TOO or about l to 4
points net lower on the active positions.
Trade buying was again in evidence in
considerable volume, apparently, around
the 7-cent level for July, checking the
decline and giving the market fairly
steady undertone, with prices showing
rallies of point or two from the lowest
around 1920 o'clock.
Liverpool cables reported trade call
ing supplied by hedging and liquida-
ton in that market, but said there we're
improved cloth and yarn sales for the
British home trade The amount of
cotton on shipboard awaiting clearance
at the end of the week was estimated
at $4,000 bales against 100000 last
year.
Evening star., 1932-01-16
HOT WEATHER HITS
LIVE STOCK PRICES
All Categories Suffered Dras.
tic Declines in Unseason.
able Heat.
BY FRANK I. WELLER,
AsSocistd Press Farm Editor.

Unseasonably warm weather cut a
wide swath in the live stock markets
during the last week and prices in all
categories suffered rather drastic de-
clineS
1t has been the recent experience
that when temperatures rise and the
consuming public decides to lower its
cost of living, meat is the first item
of the diet to be affected. Almost
without exception, wholesale values of
dressed meats have been in slump
for the last seven days.
Although cattle receipts at the II
principal markets were scarcely more
than 1000 head in excess of a week
ago. medium and good steers and long
yearlings lost SO to rs cents at Chi
cago. Common kinds were 25 to so
cents lower. The light supply of
choice steers was steady. Shortfeds
comprised the big end of the run and
the bulk turned at S5.25 to $3.50.
so Cents Below Top.
The extreme top >of S11 on long
yearlingS was almost so cents below
the top of week ago. Best heaVies
scored S1065. Medium grade steers
made up SIS per cent or more of the
run and the dressed meat market on
these kinds was very bad.
At Kansas City the demand for
strictly good steers was fairly broad and
lightWeights were about steady. Other
weights and grades were mostly 80 cents
| to rs cents lower than week ago.
Medium and good grades were 25 to 80
cents lower at Omaha, where strictly
good and choice steers were fully STEADY
with prices of week ago. East St.
Louis was SO cents lower on slaughter
steers and SO cents to 81 lower on
mixed yearling steers and heiferS.
Already in the doldrums, hogs took
another licking during the week all
around the board. Although they came
back 10 to 25 cents at Chicago as the
week closed prices generally were 25 to
40 cents lower than on THURSDAY OF last
week. The average price paid there on
that date was $3.50 per 100 pounds, the
lowest since December IT, 1881, when
the average was $398. The current
Chicago top is only s4.35, or a little
more than 4 cents pound for the
finest hogs the corn belt can offer.
Decline Justified.
With shipping orders curtailed ma
terially and local packers in bearlSh
mood. hog prices declined 80 to 40 cents
at Kansas City. They were 25 to 40
cents lower at Omaha and 35 to 50
cents lower at East st. Louis.
The decline in hog values had some
justification in the fact that receipts
for the week were more than zoe, 600
head heavier than a week ago. To
degree the same was true OF sneep,
which numbered approximately 10000
head more than last weeks Tlln.
AS a rule the Chicago lamb market
was 10 to Is cents lower on important
sales. Fed lambs were unchanged and
sheep strong to 25 cents higher, but the
bulk of sales averaged Sc to S6.40
There was fairly broad demand for
sheep at Kansas City late in the week,
and prices declined only 10 to Is cents.
Choice fed Westerns sold for s5.75 to Sc
and the top was $6.10.
There was healthy undertone to the
market at Omaha, where lamb prices
were steady to 25 cents higher. Sheep
were steady to rs cents lower at East
st. Louis and lambs steady.
Evening star., 1932-01-16
PROFITS OF DRUG TRADE
DROP ONLY 10 PER CEN I
Special Dispatch to The Star.

Special Dispatch TO The Star.
NEW YORK, January 16.-Because
Of the necessitouS character of drugs
and medicines, consumption of these
products has been relatively well main
tanned, says the Standard Statistics Co.
of New York in current survey, add
ing:
For the full year, 1881, we estimate
that sales of proprietary remedies re-
ceded not more than is per cent from
those of the preceding year. Through
numerous economy measures and lower
raw material costs, moreover, 1t is
probable that earnings for the trade as
whole experienced decline Of less
than 10 per cent from the satisfactory
| 1880 showing. For the early part of
1882, also, indications point to a well
maintained level of income.
Several legislative measures have
been formulated which, if enacted,
might have a slightly adverse influence
on the trade. These include resale
price code, Federal advertising control
and amendments to the food and drug
act. But most important are the pro-
| posed luxury taxes on cosmetics, per-
fumes and certain proprietaries. Should
such tax become law, 1t is probable
| that manufacturers would absorb at
least part of the impost, to the moder-
ate detriment of profit margins"
Evening star., 1932-01-16
Washington Produce

Butter-One-pound prints, %; tub,
2s.
Eggs-Hennery, 17a1s; current re-
ceipts, l5a17.
Poultry, alive-Turkeys, old toms, 20
H22; young toms and hens, 25a28; chick
ems, pounds and over, 18a2l: 2 to 21z
pounds, 18a20; broilers, / u to pounds,
18a20; hens, large, 20a22; small, l5al6;
Leghorn hens, 14a15; roosters, II; keats,
young, 4oa45; old, 25a35.
Poultry, dressed Turkeys, old toms,
24a26; young toms and hens, 27a30;
chickens, pounds and over, 20a22; 2
to az pounds, 23a25; broilers, 117 to 2
pounds, 23a25; hens, large, 23a25; small,
1Tal9; Leghorn hens, 17a18; roosters,
IA: keats, young, 60a70; old, so.
Meats-Beef, prime, Is; choice, IS;
good, 121sal3; COW, 9laa10; lamb, top.
13; medium, IL: veal, top, IS; medium,
IA: pork loins, II; fresh hams, to 10
pounds, IL; 18 to % pounds, 10; smoked
hams, 16a17; strip bacon, 16a17; lard,
S0-pound tins. 81; package, 9; COM
pounds, 7a7h.
Live stock-Hogs, light and medium,
40oa4.50; heavy, 400a4.25; pigs, 4.00a
450; roughs, 2.o0a3.00; calves, 4.00a8 90;
lambs, 400a6.00.
Fruits-Strawberrie pints, 1212a15;
quarts, 25a35; apples, buShel baskets
50a1 90; fancy box stock, $50; oranges
Florida, 30Oa3.75; California, 3.75a4.00;
grapefruit, 2.25a3.25; pears, 3,00a3 so;
pineapples, 800; grapes, Emperors, 3.5Oa
400 lemons, 350a5.50; tangerines
125a175; persimmons, l.00a20o; kum-
Quats, quart, l0a15 bananas, 75a2.00;
Alligator pears, fats, 2.50a3.00; rhu-
barb hot house, 5 pounds, 1.25; new
Bermuda, 200; Honeydews, Chile, 400
Vegetables - Potatoes, 100 pound
sacks, 1.25; Idaho bakers. 2.50a2.75;
sweets, 65a125 tomatoes, 30-ppund
baskets, 400; peppers, 2o0a3.oo; car
rots. bushel baskets, 1OOal.25; beets
per 100 punches, 325a3.50; string
beans, 2ooa2.5O; limas, 400; peas
6Ooa7O0; lettuce, Iceberg, 400a5.50;
cabbage, new, 100; old. T5a1.o0: spin
ach, 75a1 90; kale, 65a75; caulifoWer
15o; mushrooms. 50a75; broccoli, $50
turnips, so; artichokeS 400a5 .00
celery, $50; eggplant, Cuban, 2.5o;
squash, white, Florida, 400; parsnipS
$50; cucumbers, box, 4.50.
Evening star., 1932-01-16
SEAT PLEASANT BANK
HAS ANNUAL ELECTION

Officers elected at a meeting Of the
stockholders of the Southern Maryland
Trust Co., Seat Pleasant, Md, yester-
day are: A. o. Ollie, president; w. s..
Collins and William G. Brooke, vice
presidents; Allen McCullen, vice presi-
dent and secretary; Mrs. Mary E.
Myers, treasurer; Leo j. Naughton and
William H. Brooke, assistant treas
urers.
The following directors were elected
at meeting January IL: B. E. Beh-
rend, Mendel Behrend, j. E. Binger,
William G. Brooke, William H. Brooke,
Mrs Mary M. Carmody, w. S. Collins,
A. o. Ollie w. Clinton Brown, w. j.
Hayward, Charles D. Hefner, Charles
L. Higges, D. @. Joseph, William H.
Lacy, Allen MacCullen, Reginald L,
Nalley, F. l.. watkins, George N. Wells
and Fred L. Wight, jr.
Evening star., 1932-01-16
CANADk'S GOLD RESERVE
VALUED AT $4,000, 148
Blythe Associated Press.

Blythe Associated Press.
OTTAWA, Ontario, January 10
Canada closed the calendar year with
gold to the value of $66 900, l48 held by
the minister of finance, the department
reported today. This was S2,74o,2o9 in
excess of statutory requirements to pro-
tect the Dominion note circulation and
government savings bank deposits.
A falling off was noted in the volume
of Dominion notes in circulation as
compared with the end of November
Total at end OF, December was sl74c
390,411 and at the end Of November
S197,2 ,o35. Total amount Of gold
held fell off correSpondingly from s7l,-
o5l,033 at the end of February te
$50. .9OO,l48.
Evening star., 1932-01-16
CONTRACTORS TO STUDY
STEPS FOR PROSPERITY

BY the Associated Press
A. P. Greensfelder, president OF the
Associated General Contractors OF
America, declares the time has come
when all organized business must an
alyze itself, correct revealed evils and
pull together for a restoration of pros
perity on a sound basis.
Speaking for his own industry, he
said organized contractors are concen-
trating on action for unemployment re-
lief business stabilization, waste elimi-
nation and further elevation of the
standards of construction.
The association will hold its annual
convention in Milwaukee next week.
There Greensfelder says impetus is to
be given to the development of sound
construction in the present market; to
for sound construction ap-
praisals, financing and credit: the pre-
qualification of bidders on public con-
industrial safety and other
construction movements whose benefits
are passed on the public in the form
of higher quality and more economical
construction.
Evening star., 1932-01-16
Place Aluminium Order.

NEW YORK. January Is P).-It is
reported that the Aluminium Co. of
America has obtained a contract for
supplying the aluminium which VIII go
into the construction of Radio City, the
art and musical center sponsored by
John D. Rockefeller, jr. The order calls
for 100000 pounds and is said to be
the largest ever placed for architectural
aluminium,
Evening star., 1932-01-16
Insurance Officers Elected.

FAIRFAX, Va, January 16 (SpeciaD
j. Norman Gibbs of Mount Vernon
was reelected president of the Fairfax
Mutual Insurance Co. at its annual
meeting. M. D. Hall of Burke was elected
vice president, Samuel w. Lindsay of
Alexandria, secretary. Directors elected
include j. N. Gibbs. NJ D. Hall, r. R.
Dillingham;, F. H. Wilkinson, ]. P.
Hatcher, j. P. H. Mason, c. H. Powell,
A. r. Harrison and E. G. Gibbs of Fair
fax County: D. w. Lupton of Win
chester, G. r. Ratcliff of Manassas, w.
E. Curtis OF Fredericksburg, and Egbert
w. Thompson of Woodbridge.
Evening star., 1932-01-16
Carolina Bank Reopens.

MOUNT OLIVE, N. c., January Is
P1.-The First National Bank of Mount
Olive reopened for business yesterday
after being closed since December 28.
Under an agreement depositors could
withdraw only Is per cent of their
funds Immediately. T. r. Thigpen,
president, said new deposits greatly ex-
ceeded Withdrawals.
Evening star., 1932-01-16
Plan Lamp Trade Show.

NEW YORK, January l6 P).-A
Fall lamp trade show will be held Au-
gust 20 to September 2. it was an
nounced at the conclusion OF the
Spring exhibition at the Hotel New
Yorker. More than 800 buyers attend
ed the. Spring event. according to those
20 chsre
Evening star., 1932-01-16
BANK RESERVE GAIN,

The ratio of total reserves of the u
central banks to deposits and Federal
Reserve note liabilities combined show
ed an increase during the week ended
January 49, The ratio for comparable
weeks follows as reported by the Re-
serve Board:
Week ended January l3.. 669 per cent
Previous week .......... 65.5 per cent
same week last year. r..... 1913 per cent
Evening star., 1932-01-16
BOURSE STATEMENT.

PARIS, January 16 (P.-Three per
centrentes, 78 francs 95 centimes. Five
per cent loan, 102 francs Al centimes.
Exchange on London, 88 francs SO
centimes. The dollar was quoted at
25 francs 411a centimes.
Evening star., 1932-01-16
Unlisted Department.
CHICAGO POTATO MARKET.

CHICAGO, January 16 (P).-Potatoes
Receipts, 66 cars; on track, l7o cars. CARS
total United States shipments, QUO
cars; dull; trading rather slow; sacked
ner cwt,, wisconsin round whites, No
!. soa85: unclassified, 75a77l2; Mich
igan Russet Rurals, few sales, 30;
Idaho Russets, No. /, 1.50al. SO; Ne
braska Triumphs, 105a1.15.
Evening star., 1932-01-16
Silk Hose Reduced.

NEW YORK, January Is P.-The
Gotham Silk Hosiery Co. has announced
reductions of from IS to so cents. a
dozen on Gotham gold stripe stockings.
The revision will permit dealers an ad
dltional mark-up as no change In the
retail ranges will be made.
Evening star., 1932-01-16
Markets at a Glance

NEW YORK, January 16 (P).-Stocks
heavy; rails lead decline. Bonds easy;
United States Government lower. Curb
steady; changes narrow. Foreign ex-
changes firm; sterling higher. Cotton
steady; southern selling. Sugar quiet;
trade covering Coffee steady; Brazil
ian buying.
Evening star., 1932-01-16
Earns $40 Per Share.

NEW YORK, January IS P).-Cur-s
rent estimates place the 1881 pronts OF
Peoples Gas Light & Coke GO. at sllgnt-
ly more than $40 share. Inc company
Evening star., 1932-01-16
Americans Need 2 Acres Each.

A little more than two acres of land
is required to produce food for the
average American, according to esti-
mates of Massachusetts State College
authorities. -.
Evening star., 1932-01-16
Washington Stock Exchange

Washington Gas 6s "A'-s1o0 at 1oO1s,
$500 at 1O01s, s1,700 at 100
Washington Gas 6s "B"-$l00 at 100l3,
$500 at 1035s.
Capital Traction 5s-S1 900 at so. $1,000
at so, $4,000 at 60, 81 900 at so.
Evening star., 1932-01-16

II So Zontte Prod Corp Cd y ia 7as IN -
Eyen the above table tho annu.l sash
dividend ess th.n 100 % Share. tp.rtly e1tr, tpas
bPsysb Psnbs in G. cash or soek Plus ~ in ess
Paid this yesr-no regular rata Plus 81 In
Evening star., 1932-01-16

MISCELLANEOUS.
Barber & Ross, Inc, com. .....
Col Medical Bldg. Corp t6) w 80 los
Col Sand & Gravel pfd Co.,. SO lOl
D. C. Paper Mfg. pfd. ........... -.
Dist. Natl. Sec. pfd. (7........ 63 rs
Emer. Bromo-SelZ. "a" (2) . "a 26
Federal Storage pfd. d.. 100 10
Fed.-Am. Co. com. G.20D .,. l8 %
Fed.-Am. Co. pfd. (6)......... 80 SO
Lanston Monotype (6)...... 64 IS
Mer. Tr. & Stge. com. IO3. 95 102
Mer. Tr & Stge. pfd. (7.. 85 SO
Mergenthaler Linotype d.. 81 ST
Natl. Mtge. & Inv. pfd. d. 3l2 394
Peoples Drug Store pfd. (6I2). 79 800.
Real Est M & @. pfd. d.. 5 6
Security Storage (50......... 100 1854
Ter. Ref & VIII. Corp. d.. AZ so
The Carpet Corp. (2.....,. lli2 IS
w Mech. Mtge. com. (6) ...... ga 800.
Wash. Med. Bldg. Corp. Cd go. go los
WdWd & Lothrop com G20). 29I2 81
woodward Lothrop pfd. o.. 107 l09
'Ex. dividend. s2el extra
books closed. y2l2r@ extra.
n25c extra. z3cG extra
f30c extra. h4ca extra.
slFc extra. $50 extra.
ell2eo extra.
Milford chronicle., 1932-12-09
SAYS WORST OF
SLUMP HOVER
LContinued from First Page]

business improvement and we are
already beginning to feel benefi-
cial effect"
Naturally we have asked the
question, what effect will the cleo
tiOn have on these activities? Our
answer before the election was none
whatever now that the election is
over we have had time to survey
business conditions and we are glad
to say that the election had very lit
tie, if any effect on business condi-
tions," he added. 1--WE have been
at pains to check this fact and it is
significant to note that business inn
proved in the teeth of the election
campaign. **
"The more favorable signs to
which l refer are the improvement
i'm the price of securities, in the tex
tile industries, increase in payrolls
and employment, the drop in COM
mercial failures and the increase
in electrical power production.
"This depression will be over when
our normal habits are resumed and
our normal optimistic frame of mind
is in control. The plan of industrial
rehabilitation is such a normal ac-
tivity, it will help employment in
the capital goods industry where un-
is most severe"
Milford chronicle., 1932-12-09
FELTON,

The w. G. Z. Il. meeting which was
to be held at the home of Mrs. H. O.
Bostic on Thursday afternoon, De-
cember lst, was held at the home of
Mrs. Charles Sipple, owing to the ill
ness of Mrs. BOstic. The meeting
was business and social meeting
Quite few members attended the
meeting which was opened by sing
ing and a Bible reading by Mrs.
Jones, and a prayer by Mrs. William
Watson. The business was heard
and very pleasant social hour was
spent. An interesting reading was
heard by Mrs. Bringhurst and read
ing of the work of Mrs. Wallace was
heard by Mrs. John Jester. A very
interesting leaflet was read by the
members. After the social hour
singing and refreshments were serv-
ed. That will conclude the meeting
for December. The business meet
ing of January is not yet decided.
Mrs. Bringhurst, our president of
the W. c. r. u, attended the conven-
ton of temperance people an dalso
conference held in Dover on Tues
day, Nov. .29th, which she also gave
a good report at the meeting on
Thursday.
We were sorry to learn that the
Death Angel has again visited us
and taken from our midst Thomas
Harrington. on Wednesday, Novem-
Der goth. He had suffered about two
weeks from a stroke and was at the
Milford hospital. He was good
man and liked by the large circle of
Milford chronicle., 1932-12-09
SAFETY: COUNCIL
URGES CAUTION
[Continped ftom, 80 oaael

tConttnned from First od9e
less the garage is fairly well ventil-
ated may cause headaChes. other
discomforts, and even death to the
persons in the garage.
If you haven't a self-staTter. be
careful not to break your arm when
cranking. Always ptrll the crank up.
not down, and don't spin it unless
absolutely necessary. When grasp
ing crank, place thumb on the same
side of handle with the fingers;
then if there is a kick-back, handle
will slip from the hand, Keep The
spark retarded until the engine has
started. Be careful when working
around or using rags near rotating
fan.
Enter and leave the garage slow
ly. Street car motOrmsn. pedes-
trians, children, other drivers. and
garage workers may not ne looking.
Don't drive too close to the gasoline
pump at garage or filing stations
and always be sure to shut off the
engine when the tank is being filed
with gasoline.