davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-12-11
D. c. ACCOUNTANTS
TO FORM CHAPTER
National Secretary to Help
Local Cost Experts Start
Organization.

Washington Chapter Of the National
Association of Cost Accountants will
be inaugurated in this city at the May
flower Hotel next Wednesday evening.
This association of executives, con-
trollers and accountants in public, pri-
vate and governmental practice, while
it has been functioning in an excellent
manner since 1919 in 43 chapters, has
had no active chapter in Washington.
Members have often visited Baltimore
to attend their monthly meetings.
Objects of New Move.
The National Association of Cost Ac-
countants is an organization devoted
to the study of the problems of indus
trial accounting. It Is not, as its name
might indicate, limited to cost ac-
counting, although cost accounting
constitutes the largest and most inpor-
tant part Of accounting for modern in
dustry.
The objects of the association are to
develop better understanding of the
true nature and value of accounting,
especially cost accounting, in industry;
to study and improve technical meth
DDS and to establish sound general
principles; to study the relation Of the
accounting department. to the other de-
pertments. Of industry and business and
to develop the most effective means of
supplying usable information to these
departments; to supply to its members
information on the most up-to-date
methods and to assist them in solving
their individual problems. 1t is essen
tally cooperative movement for the
advancement of the science Of indus
trial accounting and for the mutual
self -betterment Of its members.
Local Committee Members.
In charge of the formation Of the
local chapter are A. B. Gunnarson,
Wroe +. Anderson, John r. Brownell, o.
J. Bernstein, William H. Churchill. c.
Milton Clark, William NJ Deviny, H s.
Evans, George D. Lane, o. H. Ritenour,
w. D. Rogers and E. c. Schroedel
The charter members viii consist OF
representatives Of local commercial, re-
tail trade, public utilities, banking,
trade associations and the Federal and
local governments.
Among the speakers at this meeting
will be George Reitell, director of the
Greater Pennsylvania Council, Harris
burg, and Scott c. Mcleod, the secre-
tary OF the national association.
Evening star., 1932-12-11
CHICAGO LIVE STOCK MARKET

CHICAGO, December 10 (P1.-(U Omitted
States Department of Agricultural -
Cattle-Receipts, 100 head compared
week ago plain but medium weight
and weighty steers 25-50 lower; almost
drug on market; long-fed yearlings
with weight under pressure, closed
weak; all light yearling steers. mixed
and heifer yearlings along with Dutenes
heifers Is or more higher; all gradet
light cattle fairly active; comparab4
grades with weight full and loweri
largely steer run; extreme top prime
weighty steers, IT'S; yearlings, 7.60;
mixed yearlings, 7.50; heifer yearlings,
6.65; bulk fat steers, 4.50-7.00; beef
cows at new low; bulls rs lower; vealers
closing 100 or more higher.
Sheep-Receipts, 1000 head; today's
market nominal, for week ended Friday,
% doubles from feeding stations, $500
direct; most grades and classes steady;
finished lambs 10-15 higher in instances;
local killers applied pressure when re-
ceipts expanded and Shipping orders sub
sided late In week; midweek top, $50;
closing bulks follows: Good to choice
native lambs, 5.50-6.00: top, 6.15-6.35;
fed Westerns averaging 1898 pounds.
5.75-6.15; few 625; Fall shown lambs,
600; choice lamb weight yearlings, 4.75-
500; throwout lambs, 400; fat ewes,
150-250.
Hogs-Receipts, 5000 head, including
1000 direct; limited offerings sold steady
to higher than Friday; 170-260 pounds,
315-3.25; top, 3.25; compared week ego
1920 lower; shippers took 500; hold
over, 1000; light lights, good and
-<.9ice. 140-16o pounds, 3.l0-3.25; light
weights, 10000 pounds, 310-325;
medium weights, 200-250 pounds, 3.10-
3.25; heavy weights. 250-350 pounds,
2g0-320: packing sows, medium and
good, 275-5o0 pounds. 2.35-2.75; pigs,
good and choice, l00-l30 pounds. ais
325
Evening star., 1932-12-11
BIG CUT FORESEEN
IN WINTER WHEAT
Traders Closely Watching Crisis
in Kansas, Oklahoma, Texas,
Colorado and Nebraska.
BY the Associated Press.

CHICAGO, December 10-Grain
trade attention is rapidly converging
on a Winter wheat crisis in Kansas,
Oklahoma, Texas, Colorado and Ne
braska, 'the bread basket of the United
States.
Crop deterioration over big areas of
the five States is unoff1cially reported
to indicate that Government estimates
to be issued 10 days hence will show
startling cut both in Winter wheat
acreage and condition. Meanwhile.
brisk milling demand for immediate de-
livery wheat prevails, and trade au-
thorities say no market is on a price
basis that would permit wheat to be
shipped to Chicago.
Compared with a week ago, wheat
this morning was 3s-112 cents higher,
corn varying from "a off to 1s up, oats
A-11s advanced, and provisions toI7
cents down. q.
Latest private and State reports as
well as railroad surveys were summed
up today as all pointing to an ex-
tremely small crop of wheat in the
chief surplus producing sections of the
Southwest and West. Leading special
lists said the situation as a whole was
much graver than year ago, and in
cluded steadily widening territory.
Evening star., 1932-12-11
FAILURES DENT
/ NATIONS ASSETS
Commercial Insolvency Total
Reaches Large Size In
IL Years.
BY the Associated Press.

BY the Associated Press.
Commercial insolvencies have put
large dent In Uncle Sans resources
during the last IL years.
A report by the Department Of Justice
shows that during this period there
were SOC, ,906 busines failures. involving
total liabilities Of $7,8s9, ,269, ,283, Of
which $665,54l SAT has been recovered,
netting loss Of $7.223, ,727.656.
A steadily increasing number OF fall
rres over the last decade, an increase in
received by creditors are revealed by the
report.
All Not Included.
It points out that commercial failures
Of more than $4,000 in one year and
total bankruptcies Of 10000, including
wage earners, farmers, merchants, man
ufacturers and others, cannot be con-
sidered as the total number Of business
failures. These figures on commercial
failures include only those enterprises
whose voluntary or involuntary with
drawals from business result in loss
to creditors, and whose property and
affairs are settled through bankruptcy,
receiverships or assignment proceedings.
Owners Of small establishments who
close up their doors and disappear with
out notifying creditors, as well as con-
Germs that discontinue business with a
loss to owners but not to creditors are
not included In the report.
The average amount received by
creditors on their claims In the last IL
years was slightly less than 8la cents
on the dollar. the report discloses.
Listed by Years.
In the table that follows the number
Of bankruptcies and the amount of their
liabilities are given for the 12-year pc
riod, as revealed by the report:
Evening star., 1932-12-11
JAPANESE REPORT
SOARING EXPORTS
Foreign Trade Stimulated to
Amazing Volume by
Fall In Yen.
Special Dispatch to The star.

Special Dispatch to The Star.
TOXIC, Japan, December 10.-Speed-
ed up steadily by the depreciattng yen.
Japan's exports are soaring like .
rocket.
November figures, Just released by
the government finance ONCE, show
that exports increased 81 per cent over
those Of the same month last year.
However, the yen, worth 40 cents D
year ago, today rates only 40 cents.
UnfavorabIe Balance Gone.
With a favorable trade balance Of
more than $4,000, 900 yen out OF q total
foreign commerce valued at 27l 900, 900
yen for the month just finished, totals
for the IL months Of this year were,
for exports, 1921, 100000 yen and, for
imports laos, ,0o0, 900 yen.
For these IL months o favoreble
balance of $4,000 900 yen was regis
tered, as compared with an unfavor-
able balance Of 100000 during the
corresponding period Of 1891.
Silk, of which 90 per cent was raw.
accounted for 82,000.000 yen in the
value of exports up to December /; cot
ton goods, 273.0o0,000 yen, and rayon
cloth, 53.o0o,oo yen. Other items
among the increased exports were wheat
-four, canned and bottled provisions,
hosiery, porcelain, glassware, hardware.
lumber, straw braid and toys, while
rice, tea, sugar. marine products, hats,
paper, coal and machinery decreased IN
value.
Cotton Stands Out.
Raw cotton costing 10000, ,oo0 yen
stands out among the imports during
the l1-month period, as compared with
value of 265,00o, 900 yen for the cor
responding term last year. Beans, sugar,
wool, coal, motor cars, machinery and
lumber, again comparing the two pc
riods, were about the same or showed
slight decreases here and there.
Copyright, 1932)
Evening star., 1932-12-11
CALL FOR REVIEW
OF DEBTS PROBLEM
Directors Of New York Cotton Ex-
change Believe War Obligations
Have Held Back Recovery.
By the Associated Press.

BY the Associated Press.
NEW YORK, December to.--The
board Of managers Of the New York
Cotton Exchange has adopted resolu-
ton calling for fresh study Of the
debt problem, urging that it be studied
as an economic rather than political
problem and that no drastic action be
taken in respect to any nation 90 that
trade with this country would be
restricted.
I'VE are convinced" said the resolu-
ton, that the thought which should
guide all future debt negotiations Is
that q prosperous Europe contributes
to q prosperous America. 1t is essen
tial to endeavor to keep the world mar
kets intact and capable Of buying ana
paying for our export surpluses."
Pointing out that more than half OF
the annual harvest of American cot
ton is exported and that Europe is our
most important foreign customer, the
board said:
"The fact that Europeis takings IN
the past two years have fallen far be-
low normal IS, in our opinion, largely
attributable to serious economic condi-
tions occasioned in ne small degree by
the burden Of war debts"
Evening star., 1932-12-11
CHANGES IN BOND
LIST UN|MPORTANT
High-Grade Issues Firm, but
Others Display Un-
certainty.
BY the Associated Press.

BY the Associated Press.
NEW YORK, December l0.-The
bond market travelled at steady gait
In today's brief session, price changes
generally being of fractional and un-
important nature.
As In recent trading, best-grade Is
sues of all categories stood out in firm
positions, while the semi-speculative
groups mulled about rather uncertainty
at times, getting nowhere in particular
Foreign Group Gains.
A number Of foreign obligations dis
played an improved tone, with French
TVS jumping 11a points to another
new 1882 high at 1875. There was a
heavy turnover of French Z which held
unchanged at 119%, just under the
years top mark. British 51as were in
demand at moderately higher levels.
The japanese and Italians were r-
regular.
The domestic rails apparently paid
freight car loadings or u. S. Steers
untitled tonnage figures for November.
Moderate advances were registered by
some liens of Baltimore & Ohio, Santa
Fe, Canadian Pacific, Chicago g. North
western, Union Pacific. Great Northern,
Nickel Plate and Southern. Issues of
Missouri Pacific. New York Central,
Frisco and Illinois Central were a little
uncertain.
Phone Bonds Improve.
International Telephone bonds i'm
proved on reported prospects of some
compromise of the franchise difficult
ties confronting the corporations Span
ish subsidiary. The oils steadied as
did some bonds Of the power and light
companies.
The United states Government sec
ton was quite dull, compared with its
recent burst of activity Treasury IS,
3hs and 32ss Of 1941-43 were slightly
flrner,
Evening star., 1932-12-11
UNTITLED ORDERS OFF,
u. S. STEEL DISCL0SES

NEW YORK, December 10 R.-Un-
filed orders Of the United States Steel
Corporation decreased 28,739 tons In
November to total Of 1,968,30l tons,
the corporation announced today. In
the three preceding months the backlog
showed small gains, but prior to
August, the corporation reported 16
consecutive monthly decreases.
Wall Street had looked for some re-
6uction in November because Of esti-
mates Of lowered mill activity and
widening evidence of considerable
drop in demand for steel products from
the Autumn peak level.
The upturn from August through
October amounted to 80, 1888 tons.
Evening star., 1932-12-11
Markets at a Glance

NEW YORK, December 10 (P.-
Stocks barely steady; profit-taking
appears in spots. Bonds steady; foreign
issues improve. Curb steady; some
specialties advance Foreign exchanges
firm; sterling strong. Cotton higher;
steady cables; trade and commission
house buying. Sugar barely steady;
hedge selling Coffee higher; rumors
political disturbances in Brazil.
CHICAGO, December 10 @.--Wheat
firm; increased weekly carloadings; cold
wave Northwest. Corn firm; buying by
Eastern houses; unfavorable weather
Cattle dull. Hogs limited offerings sold
steady to higher.
Evening star., 1932-12-11
CHICAGO DAIRY MARKET.

CHICAGO. December 10 P.-But-
ter. 8,148, firm; creamery specials COS
score), 23Aa2 extras (92), 22%
extra frsts (s0-9D, 22a22A; firsts
(88-89), 21Hs2l%; seconds (36-8D
19a20La: standards (90 centralized car
lots), 221s. ...
Eggs, $500, Arm; extra firsts, 80;
fresh graded firsts, 81; current re-
ceipts, 29a30; refrigerator firsts, 2617;
refrigerator extras, 27h.
Poultry, live, is trucks, easy; hens
1oal2h; Leghorn hens, 8; coloreo
springs, 10; rock springs, 10hal1,
roosters, 8; turkeys, 11a16; ducks, Sac;
geese. o; Leghorn chickens, 8h; broil-
ers, Is.
Evening star., 1932-12-11
U. S. Gold Stocks Gain.

NEW YORK, December 10 C).-Gold
stocks Of the United State gained S.
TAO, 800 today. The New York Federal
Reserve Bank reported receipts of S222.-
800 from Holland and IS 500 from Mex
leo, while San Francisco received S.
10000 from Japan and $500, 900 from
China There was no change in the
earmark account.
Evening star., 1932-12-11
Asked to Deposit Bonds.

NEW YORK, December 10 @.-
American holders Of approximately
$4,000, 900 of Peruvian bonds have been
requested by the Independent Bond
holders Protective Committee, headed
by A. o. Stanley, former Governor Of
Kentucky, to deposit their holdings In
a statement asking for deposits the
committee declared that Peru Is now
confronted by wartime conditions"
Evening star., 1932-12-11
Clearings Totals Given.

NEW YORK. December 10 P).-The
weekly statement of the New York
Clearing House shows: Total surplus
and undivided profits, 5000 ,622. 100 (un-
changed; total net demand deposits
(average), $42, 10000 decrease; time
deposits (average). s6,o99,000 (de-
crease); clearings, week ending today,
S2,693, ,272 1896; clearings, week ended
December 3, $3,268, ,971 ,720.
Evening star., 1932-12-11
Cotton Market

NEW YORK, December 10 R-A
further advance of 10 to 13 points ir
cotton during today's early trading was
followed by reactions under week end
realizing and Southern selling.
March contracts, after selling up tc
5.98. or As points above the low level
Of Thursday, eased off to 5.87 and closed
at that figure, with the general market
closing net point lower to points
higher.
Cotton futures closed barely steady
l lower to higher
Spot quiet; middling, $50.
Evening star., 1932-12-11
Commodity Price
Changes of Week
BY III. N. McGLL,
Editor McGm Commodity Service. Inc.

Editor McGlll COmmOolty ocrUSe, AnS.
AUBURNDALE, Mass, December 10.
Commodity prices during the first full
week in December declined sharply,
establishing the level only moderately
over the extreme low in June. A review
Of the trends in IA individual lines Is
as follows: Ten were lower, three re-
manned unchanged, leaving only one
group that successfully advanced.
All commodities rejecting the weak
ness in 10 groups dropped to a level
now only 4 per cent above the extreme
low for 1882 Price weakness is di-
rectly attributable, first, to the appre-
hension over war debts, coupled with
unprecedented weakness in foreignn ex-
change; second, industrial activity Is
holding at stagnation levels and In
keeping with seasonal trends; third,
there has been no further alienation in
unemployment, and fourth, a decided
lack Of stabiliZation in purchasing
power.
Show Greatest Weakness.
The groups that established the
greatest weakness during the last week
were agricultural products, and live
stock, hides and leather, fine textiles,
non-ferrouS metals, and vegetable oils.
Industrial commodities which in
recent weeks recorded only a moderate
downward trend dipped downward with
considerable force during the past week.
Demand has fallen off to a moderate
degree and despite the lowest rate of
new production on modern records 1t
is extremely difficult to reduce burden
some inventories Of raw materials which
still overhang consuming channels.
Agricultural prices recorded the third
consecutive decline. Foodstuffs are not
working into consuming channels and
until the war debt question is settled
international trade will suffer.
Live stock prices recorded the fourth
consecutive decline to a level which
equals the low established on June 10.
Although market receipts Of cattle are
radically under year ago, stocks of
beef are not limited. Liquidation of
hogs is gradually increasing stocks of
pork and provisions.
Textiles OF Sharply.
Textiles were sharply lower as cot
ton broke to SIS cents, and both wool
and silk are well under the highs of
two and three months ago.
Non-ferrouS metals also recorded out
standing weakness, featured by ex-
tremely Lowell levels for silver and a
record breaking low for copper.
Building materials were the only
group that advanced, which was entire
ly due to moderate mark-up in the
price of brick. Lumber prices are no
longer advancing. Latest data show
the building volume still holding SO per
cent under last years figures.
Most important price changes In the
McGin weekly price indtces:
Evening star., 1932-12-11
CHICAGO POTATO MARKET.

CHICAGO, December 10 up 90. s.
Department Agriculture) Potatoes.
AZ; on track, 1853; total q. s. shipments,
224; firm, supplies moderate; trading
moderate; Wisconsin round whites,
75aS0 Colorado McClures, 1.20a1 rs;
Idaho Russets, 1.15a1.25; mostly 1.20a
1.25; Michigan Russet Rurals, few sales,
IS.
Evening star., 1932-12-11
Fox Film Loss Larger.

NEW YORK, December 10 P).-The
Fox Film Corporation and wholly
owned subsidiary, controlled or affili-
ated companies today reported for the
80 weeks ended September "a net loss
of S9,474,336, compared with net loss
of s2,851, 1896 for the 80 weeks ended
September 26, 1891.
Evening star., 1932-12-11
Recalled to Rubber Plant.

AKRON, Ohio, December 10 CP.-
Miller rubber products division of B. F.
Goodrich Co. today announced reopen
ing of several departments and recalling
Of 200 to 800 employees.
Evening star., 1932-12-11
Loaning at Premium.

NEW YORK, December 10 R.-The
following stocks were loaning at prem
ium at the close today: Allied Chemical,
100; Checker Cab, 200; Union Pacific,
100; United States Steel, preferred,
LOO; American Tobacco "B", 100.
Evening star., 1932-12-11
COMMODITY PRICE LEVEL

NEW YORK, December 10 tPl.--In-
dex of is staple commodity prices: To-
day, 82.1. Previous day, 81.6. Week
ago, 815. Month ago, $50. 1892 high,
1899. 1892 low, 1913.
Copyright, 1882, Moody's)
Evening star., 1932-12-11
Short Interest Gains.

NEW YORK, December 10 (P)-The
short interest on the New York Curb
Exchange December 5 aggregated a.
bsr 4.
Evening star., 1932-12-11
Grain Market
By the Associated Press.

By the Associated Press.
CHICAGO, December 10.-Aggressive
purchasing by houses with Eastern con-
nections accompanied lively jump in
grain values today.
An authoritive unoffcial summary Of
the domestic Winter wheat crop situ-
alton indicated that no recovery could
be expected next Spring over large Sec
tions and that only partial recovery
The prospect, it was asserted, pointed
to severe damage.
Wheat closed firm, %a1 above yes
terday's finish; corn, Aa% up; oats, "a
advanced, and provisions unchanged to
q riSa of IN cents
Evening star., 1932-12-11

The Scottish Self Government, or
Scottish Party, has been formally tra-
aAeaxaAad n 01AsouA
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-10-13

that while the Furriers' Joint Coun-
Gil with its scab leadership is de-
feated and down, the traitors in the
IL.G.W.U. are demoralized but they
are not out yet, and daily conspire
with the bosses and government ag-
encies to break the ranks Of the work
crs. We must expose the Socialist
Party and the role they play in the
betrayals of the workers. We have
not sufficiently exposed them hereto
fore.
We must Immediately proceed and
establish organizational bases in
every branch of the needle trades in
dustry, and mobilize the workers also
in the trades we heretofore neglect
(whitegoods as an instance) for
better conditions.
Union Paper.
The Daily Worker and Morning
Freiheit are not able with the biggest
effort they may make. to actually
portray on their pages the detailed
life and struggle Of the needle trades
workers in their shops. We must
without delay organize and publish a
weekly or senli-monthly paper which
should be turned into a powerful or
ganizer.
Dressmakers' Problems.
This convention must without in
the least neglecting any branch Of
the industry or any center, pay special
attention at this time to the condi-
lions of the workers in the dress
trade Of New York 1t will carefully
analyze the problems. the dressmak-
ers are faced with. There is the job
ber-contractor problem and the out
of-town problem. The workers in
the dress trade suffer the most mis-
cradle slavery. The hours of work
are unlimited. The earnings range
in the better paid departments, such
as operators and pressers, from $40
to $40 dollars week in the height
of the season; in the lower paid
branches, such as finishers, cleaners.
examiners, or floor girls earn as lit
tie as S., So a week.
The speed-up is vulnerable. Wages
are being cut very regularly and ir-
regularly. The army Of unemployed
is increasing daily.
Organize shop block and building
committees, and mobilize the dress
makers for real mass struggle in
the coming season for the improve
ment of their conditions!
In order that the united from
movement may draw in the broaC
masses Of workers. we must careful
ly guide and strengthen the rank
and file opposition groups within the
company unions. In this way vii
we be able to more successfully ex.
pose all of the traitors il
the ranks Of the WORKING
masses, and mobilize the work
ers for successful struggles for the
improvement of their conditions, anC
the establishment Of a powerful
Needle Trades Workers industrial
Union, controlled by the workers il
the interests Of the workers.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-10-13
FORM FOSTER-FORD GROUP
Issue Manifesto Declaring for Neav Society

NEW YORK-A manifesto OF
10000 words, amplifying their recent
statement in support Of the Com
munist ticket, will be the first gun
in the election campaign Of the left
intellectuals, now organized as the
League of Professional Groups for
Foster and Ford The manifesto,
published as a five-cent election
pamphlet, was released last night at
the Foster and Ford dinner at Web
ster Hall.
The membership of the League in
cludes such prominent figures in the
literary and academic world as Lin
coin Steffens, Sherwood Anderson,
Waldo Frank, John Dos Passes, The
odore Dresser, Edmund Wilson, NAL
colin Cowley, Countee Cullen, Sidney
Howard, Langston Hughes, Sidney
Hook, Adolf Dehn and HWL. Dana.
James Rorty, writer and critic, is
serving as secretary Of the League.
A program Of meetings and debates
is being arranged and it is expected
that at least two more election pam
phlets will be issued during the
campaign.