davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-11-04
Cheering News
OF Business

Rochester Gas & Electric
net for IL months increased
$4,000.
Hudson Motor sales higher
this October than last.
Hogs, butter, eggs and
hides score price advances.
Two more blast furnaces
active November / than on
October /.
Drug Inc, with subsidiary
chain here, pays regular
dividend.
The Washington times., 1932-11-04
BAL TIMoRE PRODUCE

BALT1MoRE. Nov. tI.N.sh.-Pro-
ducS market: Live poultry. chickens,
nlds heavy. 16c: few higher: medium,
1z@J5c; leEhoras and other light
etnek 10@12c; boosters, Sm1Oc Chick
enss Young. colored, as to size. 100
5tcs leghorns, as to size S@12c
Duaks young. white Pekins. 4 lbs
and oyer. 12@13c: Muscovy, lbs. and
over. l2914c; puddle. lbs. and over,
12M a8es Guineas. young over . lbs.
30cs snaller. Csc. Turkeys young
hers. s0m22c: gobblers. 1761Sc. ~,
Eggs-Market steady. street sales
nearby current receipts. 27H3 hem
merry whites. as to size. 26@S4c. Re-
ceints--Rntter. 63S Cchs. eggs, 1.047
eases Butter unchanged
The Washington times., 1932-11-04
Commodities Drop
SharpLy In Month

The .lonthly wholesale COM
modify price index compiled oy
Bradstreet's Weekly, as of No
vember /, showed a decrease of
4.3 per cent. The index is still
above the August figure and is
higher by 40 per cent than the
low reached June l.
Among the 106 commodities
which go into the index, there
were 81 decreases, nine increases,
46 unchanged. A month ago
there were 80 declines, Is adj
vanceS and 81 unchanged.
The Washington times., 1932-11-04
More Freight Cars
In Need of ReDuirs

Glass I railroads on October /
had 262,153 freight cars in need
of repair or. 1914 per cent of the
number on line, according to the
American Railway Association.
This was an increase of 8,545
cars above the number in need
of repair on September /, at
which time there were 253 sos or
1l.9 per cent.
The Washington times., 1932-11-04
McKessOn e Robbins
Cut Debt, Tilt Sales

McKesson & Robbins, Inc, dis
tributors of drugs and allied
products, reduced bank loans and
letters of credit from $4,820,00
as of December 81, 1881, to ap-
proximately $2,75O, 900, a reduc-
ton of $2,070,O00, or 43 per cent
for the year to date.
Sales volume has shown a
steady gain since early summer,
with September sales again with
in striking distance of the total
reported for June, when the in
dustry experienced the "pre-tax"
rush for merchandise.
The Washington times., 1932-11-04
DUn's Reports Drop
In COn1nlOditU Index

Dun's Commodity Index for
November l today was reported
at $134.70, against $l36.555 on
October l.
OF the seven groups of com
modities only dairy and garden
products were higher. while bread
stuffs, meats, other food. cloth
ing and metals were lower.
The Washington times., 1932-11-04
October Financing
AbOUe SeptenlberS

October stock and bond financ-
ing totalling $92,60O,0 900 was some
q per cent above the September
figure. although still below the
July and August totals, according
to the Standard Statistics Com
pany, Of New York.
The Washington times., 1932-11-04
TIRE PRICE TILT SEEN

Another increase in tire prices
will inevitably accompany any rise
in the price of crude rubber, &C.
cording to a statement by William
O'Neill, president of the General
Tire and Rubber Company.
The Washington times., 1932-11-04
WOOL QUIET

& Domestic fleece. unwa shed ohio
Penn, 16m21c. Domestic. ruled
D8reA basis a3 n 45c. Domestic. Texas
Ian basis. ?s@4sc. Domestic, territory
IAN basis, 35m4Sc.
The Washington times., 1932-11-04

New York funds in Montreal $9S12
pretnium at $1,000
Montreal funds in New York $9S.12
disd0unt at $1,000
The Washington times., 1932-11-04
NAVAL STORES

iNEw YORK, Nov. (LN.S.l.--L;n-
l9ed OIL carlots 81. Turpentine-Savan-
bkhi Il: New York. 46. Rosln--Sa van
lhhs 2,25: New York. 3.s0.
The Washington times., 1932-11-04

Y% ~ zonite Prod L6W t1z sat. Is
(aJ Optional stock cash. tb) Partly extra. IcI Ex.
r (d) Extra stock. (g) Paid 1891
(h) PAYABLE In stock tkI Paid this year tml PAYABLE
in scrip. (AA) 1917 in stock. (wwI With warrantA
Gxw) without warrants Ex-dvtdend. 90 Ex-riGhta
The Washington times., 1932-11-04
WASHINGTON STOCKS
SALES

Capital Traction Co., 5@6; 5
@6, 5@6, SOS.
Wash. r. & E. IS, $1,000
S8B. $500@88B, $1,O00@S8%,
$b0O0@882s.
Capital Traction Co., 5@5A,
1905, 1906, 1906, 1861. \
Washington Gas IS A, $4,000
SgA, $3,0OO@9934, $2,O0O@99A
Public Utility Bonds Bid Ask
The Washington times., 1932-11-04

s5H 991 Gen Am Tank a. lsN Is cn+ u
Evening star., 1932-02-06
MARKET OBSERVERS EXPECTING
TEST OF JANUARY LOW MARK

fsvorably impressed by the action OF
the rails, for that group emerged from
its last trading range on the down side
1t is notable, nevertheless, that in the
last two months the market has fiuc-
tUated in 10-point average range.
The anti-hoarding campaign will at
tract close attention in Wall Street
which believes that the problems pre-
Sented by this practice are Offering seri-
GUS obstacles to stability. A few weeks
ago bankers thought the situation was
clearing, but since the holidays there
has been evidence to the contrary.
Federal reserve note circulation, which
reflects the requirements of member
banks throughout the country, has
risen about s5l 100000 so far this year
contrasting with decreases of 1885,
10000 and s226,242,000, respectively
in the same periods of 1891 and 1880
Since this additional sum could hard
ly have been required by business in
view of the admittedly lower levels at
which commerce Is operating as COM
pared with one and two years ago, the
assumption is that boarding has been
largely responsible for the increase.
Defiation Continues.
Credit deflation is still under way
although at less strenuous pace, and
bankers link its persistence to boarding
in that banks find nquidity desirable
while depositors are exhibiting symp-
toms of nervousness.
War debts and reparations have been
forced into the background by the Far
Eastern fiareup, but none the less re-
main as source Of irritation and un-
settlement. Some commentators were
quick to discuss Secretary Melons ap-
pointment to the British Ambassa dor
ship in the light of its eventual bear
ing on debt matters.
Evening star., 1932-02-06
COPPER PRICES DROP
TO RECORD LOW MARK

NEW YORK, February Cooper
prices weakened again yesterday when
the official quotation for the metal on
the domestic market was dropped to
6A cents a pound, one-quarter Of a
cent below the previous price. This
equals the record low established in
December.
At the same time it was reported that
some unofncial sales of copper had been
made at a fiat price Of 6 cents pound.
The condition of the copper industry
il shown by the fact that refineries, at
the end of 1881, reported approximate
lv COS, 900 900 pounds Of refined copper
in stock. or a AZ per cent increase over
the reserve of 6l5,ooo,o00 pounds at
the end of 1880.
Cooper Exporters, Inc, the cooper
ating organization Of the producers, re-
Gently reduced the price Of copper for
foreign shipments to 6H cents pound
in order to permit some Of the surplus
stocks to be sold abroad. Exports sales,
however, have been at minimum for
the past few days.
Evening star., 1932-02-06
UTILITY RATE CUT ..
DEMANDS INCREASE
Various States Take Action
Upon Requests for De-
crease in Charges.
BY GEORGE e. DOYING.

The demand for reduction in public
utility rates in company with falling
commodity prices has been refused by
the Alabama Public Service Commits
sion, which declared in dismissing a
complaint against utility rates in
Birmingham that public utilities can
not be subjected to the sharp price
fluctuations which are incident to
private business"
The Indiana Public Service Commits
sion recently took another view of the
matter and issued an interlocutory
order to the Indiana General Service
Co. for a 20 per cent reduction in
electric rates in the City of Marion
The commission stated that 1t took
judicial notice of the economic depres-
sion and the startling decline" in the
prices of material and labor entering
into the construction of electric plants.
The Indiana Utility, however, prompt
1y appealed to the Federal Court, alleg-
ing the new rates we're confscatory
and temporary injunction was issued
The commission has retaliated by order
ing an investigation of the rates in 20
other municipalities served by the
Utility.
The Oklahoma Corporation Commits
sion several months ago tried to reduce
rates through an arbitrary order, an
nouncing that 1t would later conduct
an investigation to determine what the
proper rates should be.
InjunctionS were secured in this case
too, but the situation subsequently was
adjusted when custer suits were brought
against the leading utilities on the
ground that they had violated the
States antitrust laws.
In the case of regulated utilities"
said the Alabama Commission, 1.-The
regulation Of rates and control OF re-
turn is exercised to the end that rates
at all times be maintained at a reason
able level.
Were the utilities unregulated, as is
true OF private enterprises, If they were
free during prosperous times to fix rates
without regulatory control, then they
could with justice, perhaps, be sub
jected to the price fluctuations suffered
by private business during economic
depressions. II, however, they have
not been permitted to earn more than
fair return during prosperous times,
this fact must be given due considera-
ton when We deal with their rates and
their rate Of return during periods of
general business depression"
(CopyriEht, 1922
Evening star., 1932-02-06
Trade Trends
BY the Associated Press.

BY the Associated Press.
Engineering Contracts s.-Valuation oil
heavy engineering contracts awarded In
the United States this week totals s24,-
34l 900. according to the Engineering
News-Record. This compares with s22,
$4,000 for the preceding week ano
s57,866, 900 for the week ended Febru.
ary S, 1881.
Newsprint,-Curtailment efforts oi
manufacturers are reflected in the pro-
duction figures for last year. Tota.
output in the United States as reported
by the Department OF Commerce
amounted to 1,157,497 tons, compared
with 1,282,372 tons in 1890. Canadian
production was 2,220,775 tons, con
trasted with 2,504,147 tons. Stocks or
hand in the United States on Decem.
Der 81 totaled 32,7oe tons. against 32,-
06l tons at the end of 1880. Canadian
stocks were SABA tons, compared with
36,777 tons at the end of 1880.
Sugar.-Renewed weakness In raw
sugar prices reflects the continued &C
cumulation OF surplus stocks in the
hands Of Cuba and Java, says the
Standard Statistics Co. Prices promise
to remain at generally unsatisfactory
levels over the next few months. ANY
agreement between Cuba and Java on
output restriction might provide the
basis for a gradual recovery in quota
tionS.
Scrap Steel.-Increased activity is re-
ported in the principal markets, though
it has not been accompanied by any
gain in prices. Reports from Pittsburgh
say little surplus material is available
in that market, with dealers paying at
least $40 a ton to cover commitments
The movement Of scrap in the Chicago
market is said to be the best in some
time.
Evening star., 1932-02-06
INCOME TAX DECLINE
OF 80 PER CENT SEEN
March Is Returns Are Expected to
Show Stable Decrease From
Those Of Year Ago.

NEW YORK, February 6 Especially
The public will have some unpleasant
reading material presented to 1t Shortly
after March IS, when the returns of in
come taxes are made known, authorities
on Government finance in Wall Street
predicted today. They were unwilling
to forecast the size of the decline
though less informed, but more talka-
tive stock spectators estimated that
the drop might well be 30 per cent
under the returns of year ago.
On one point three income tax ex-
perts agreed-namely, this present
batch Of income returns are the easiest
they have ever made out. One of the
present minor officials Of the Revenue
Bureau here said that his clients had
shown decided decrease, indicating a
lack OF perplexity in their tax prob
lens. A former Internal Revenue Bu-
reau official said that virtually every
income tax return he had been asked
to fill out showed such large losses
taken on securities purchased before
the 1929 crash that his clients would
have to pay virtually no taxes. An
income tax accounting expert, after
noting the large sales of securities to
establish tax losses, said that in his
opinion the most interesting feature
of his clients finances this year was
the type of securities they retained.
Invariably the so-called Oppression
proof stocks were held and the others
sold.
Just at present speculative advisors
are urging the purchase of most low
priced shares on the theory that the
advance from the low levels, when the
rise arrives, will show q better gain
in terms of percentage than the prob
able appreciation Of the so-called de-
preston proof stocks, most Of which
remain relatively high.
(Copyright, 1s32.3
Evening star., 1932-02-06
CURB SHARES SLIP
/ TO LOWER LEVELS
Public Utilities Are Again
So Targets for Selling in
Small Market.
BY JOHN A. CRONE.

Special Dispatch TO The Star.
NEW YORK, February 6.-Resum-
ing the trend dominant at the close OF
Fridays session, the Curb Exchange
moved lower again today Trading
was quiet during the first hour, after
which dealings turned somewhat more
active on the doWnside.
Public Utilities led the descent, with
slch leaders as Electric Bond & Share,
Middle West Utilities, Niagara Hudson
Power Commonwealth Edison, insult
Utility Investments and American Gas
e. Electric pointing the way. General
Gas e. Electric B shares did not re-
spond at once to the fact that directors
took no action on dividend payments.
Under a barrage of dividend re-
visions or omissions and unfavorable
earnings or sales reports, many stocks
stood firm during the first hour. Much
of this news long ago had been dis
counted. Offerings were lacking in
most stocks concerned in corporate
news today.
Omission Of the Ford Motor Of Bel
GUM dividend came somewhat as a
surprise in view of report OF increased
sales by that concern last year. How
ever, the company said that the l2l2
per cent dividend diSbursed last year
was derived from 1880 income. Net
profits in 1881 were 100000 francs,
against 100000 IN 1880
SoftneSs of Cord Corporation, which
dipped to a new low level for the bear
market, resulted from the selling of
Auburn Automobile on reports Of jan
uary Wayne County tDetroit) registra-
ton figures. Doubtless some of the re-
cent selling Of both issues as well as
numerous Chicago securities, partially
reflects liquidation of several estates in
that vicinity.
Evening star., 1932-02-06
SHIPMENTS OF VEGETABLES
10 PER CENT BELOW 1881 MARK
Market Has Dull and Draggy Trend With
Downward Tendency, Due to
Lack of Demand.

varieties, like Mcintosh, which bring
as high as 81 per bushel in Eastern
markets, for best lots. There was not
much of this variety offered in early
February selling above $3.50 New York
greetings ranged 81 to $1.35 in East
ern markets, but reached 81 40 in Chi
cago. Eastern Baldwins sell at rs to
80 cents. Staymans range IS cents to
$125. with top price in Philadelphia,
although Atlanta quoted as high as
their market season, and some lots
sold as low as $3.50 per barrel in Wash
ington. Eastern Delicious sold at 81
to $125 per bushel In Philadelphia,
Baltimore and Pittsburgh. Yorks and
Black Twigs brought rs cents to 81
per bushel Prevalence OF scaid &C
counts for the extremely low prices Of
some lots of Winter varieties.
Evening star., 1932-02-06
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star
BALTIMORE, Md, February g.
White potatoes, per 100 pounds, 75a
Ito; sweet potatoes, bushel, 40a80;
yams, barrel, 75al.50; beans, bushel,
l.50a2.25; beets, per crate, 1.50a1 so
brussels sprouts, per quart, 10a15; cab
bage,> hamper, 50a125; carrots, bushel,
l00al.25; cauliflower. crate, 1.50a17 rs; i;
eggplant. crate, 150a275; kale. bushel,
30a50 onions, per 100 pounds, 300a
400; peppers, crate, 150a2.75; spinach,
bushel, 50a85; celery. crate, 1.50a3.25;
squash, bushel 100a1.75; tomatoes,
crate, 100a300 turnipS, hamper, 25a35 !;
apples, bushel, 40a1.75; grapefruit, box,
125a2.T5; oranges, box, 200a4 90;
strawberries, quart, 25a30.
Dairy Markets.
Chickens-Young, 19a2l; Leghorns,
17als; old hens, 14a19; Leghorns, old,
15al6; roosters, 11a13; ducks, 12a20;
geese, Halt; guinea fowls, pair, 30a65 !;
turkeys, l6a3O; pigeons, pair, 2oa25.
Eggs-Receipts, 1913 cases; nearby
firsts, 1917; western flrsts, l5R.
Butter-Good and fancy creamery,
21a24h; ladies, 15al6; process, 2oa2l !;
store packed, 10a1l.
Evening star., 1932-02-06
VOLUME Of TRADE.
DECLARED LARGER
More Optimistic Sentiment Is
Also Noted by Weekly
Reviews.
By the Associated Press.

By the Associated Press.
NEW YORK, February ga slight
improvement IN the volume of trade and
generally more optimistic sentiment
in business and trade quarters are re-
ported as among the developments of
the past week, by the Duns and Brad
streets weekly mercantile reviews.
Dun's says: Business during the past
week has maintained an even balance
as compared with the sales for January
Retail trade. especially in the larger
centers, Is more active than ordinarily
at this period Of the year, and renewed
buying in many lines now seems to be
assured. 90.
Some OF the unfavorable phases
which have existed for some time SLOW
ly are being overcome. and the outlook
reveals an increase of reassuring fea-
lures.
Some Of the best reports are ema-
mating from New England States and
Southwest
THE slight pick up In manufacturing
during January subsidized toward the
close OF the month, and the lull was
carried through the first week Of Feb
ruary."
Bradstreet's says: Reports from IS
leading cities throughout the country
reveal as yet little actual quickening IN
business beyond the limited seasonal ac-
tiVity in certain lines. There continues,
however. particularly in the large east
ern cities, a fair amount of optimistic
sentiment.
"WholeSaling and the light industries
continue limited amount of seasonal
activity due to Spring orders. These, m
general. appear to be smaller than last
yecr, although there are some notable
exceptions to this rule The heavy In
dustries continue slow and so far have
failed to feel much seasonal stimulus"
Evening star., 1932-02-06
Word ~Depression''
Is Banned by Head
OF Chemical Firm
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 6.-De-
claring that use of the word de
preston" will only prolong present
conditions, Horace Bowker, presi-
dent of the American Agricultural
Chemical Co., has written the 500
key men In his organization, asking
them not to mention the word for
six months. He also asked them to
exact pledges to that effect from
their employees.
I'VE must throw off this mental
attitude of looking for the worst"
Mr.. Bowker writes Discourage
ment is mentally devitalizing and
renders US less able to analyze the
real physical defects of our business
and to determine and apply the nee
essary correctives."
Evening star., 1932-02-06
FEDERAL RESERVE RATIO,

By the Associated Press.
The ratio of total reserves Of the
12 central banks to deposit and Fed
eral Reserve note liabilities combined
showed a slight decrease during the
week ended February g. The ratio for
comparable weeks follows, as an
nounced by the board:
Week ended February ), 67.1 per
cent.
Previous week, 67.4 per cent.
Same week last year, 62.9 per cent.
Evening star., 1932-02-06
BY JOHN L. COOLEY,
Associated Press Financial Writer,

NEW YORK, February 6.-Stocks
lapSed into comatose state this week.
leaving Wall Street perplexed as to
just what they meant to do.
On Monday the market picked out a
group of war brides" but by Wednes-
day it had Tilted them. On Thursday
trading shriveled to the smallest vol
ume since September !. On Friday, the
market fretted itself into a decline.
Bonds also were uninspired. although
some definite moves developed in for
eign issues notably japanese and Aus
tralians, which had special situations
to contend with.
If the markets are looking to in
duStry for guidance their hopes for
constructive leadership are subject to
postponement since less than seasonal
improvement prevails in most barome-
trio business.
Market Test Is Seen.
If they are expecting help from such
projects as the Reconstruction Finance
Corporation and the prospective nation
vide drive against boarding their pro-
spects depend largely, it is pointed out,
on the degree to which confidence Is
strengthened by organized efforts to
build courage out of fear.
Many brokers believe stocks now face
test of the early January lows. The
market has been close to these mini
NUNS several times, but so far has re-
fused to violate them, and opinion diff
ferS as to whether it can again do so.
In some quarters it is felt selling may
be concentrated against individual is
sues, several of which are showing con-
Sistent heavinesS.
Chart followers have been rather un-
Evening star., 1932-02-06
Shipbuilding Report.
BY the Associated Press

BY the Associated Press
On January l, 1882, American ship
yards were building or had under con-
tract to build for private shipowners 80
vessels aggregating 249,026 gross tons.
The Commerce Department, which made
the announcement, said that on the same
date month previous go vessels ag-
gregating 27S,680 gross tons were under
contract.
Steel vessels of steam and motor pro-
pulsion accounted for 199,739 of the
gross tonnage at the start of the year.
Evening star., 1932-02-06
New York Cotton

Special Dispatch to The Star.
NEW YORK, February 6-The cot
ton market gave an exhibition Of pro-
nounced strength during today's short
session when prices advanced to 8
points and closed at the top.
Increased demand from Europe. ow-
ing to the short Indian crop and de-
pleted stocks OF all kinds, stimulated
the market. Spots were advanced 10
points to 675.
Cotton range:
Evening star., 1932-02-06
Markets at a Glance

NEW YORK. February Op).-Stocks
easy: rails decline. Bonds easy; rails
lower Curb easy; Commonwealth Edi-
son at new low Foreign exchanges
irregular; yen firms. Cotton steady;
trade and Far East buying. Sugar
steady; commission house buying
Coffee frmer; Brazilian support.
Evening star., 1932-02-06

about adjusting the present economic
difficulties, defaults are bound to in
crease in number. If Germany should
be obliged to resort to the method
adopted by many Latin American ma
tions and so far by one European coun-
try. the United States would find her
self holding defaulting foreign bonds to
the amount of close to S4,500, 100000
on which the annual loss would amount
to about 100000, or materially
more than is scheduled to be paid to
the United States on account of politi-
cal debts due her. BY insisting upon
the latter America may receive neither.
Evening star., 1932-02-06

Gasoline.-Spot gasoline Is said TO be
showing an easier price tone in the
Midwest market as result of some de-
crease in consumption and predictions
of lower crude oil prices. Material be-
low 81 octaine is reported somewhat
weaker than other grades at to 3
cents a gallon.
Evening star., 1932-02-06

Constant rain recently caused famous
ioch Lomond, Scotland, TO rise two feet
f. two days.
Evening star., 1932-02-06

otn anu Eye SITS.
F. P. Weller's
: Pharmacy.
11th a n d Pa.
ave. - Fealy's
Pharmacy.
1907 Mic h o Is
ave-, Anacostia
-Healy's Drug
Store.
18th an d East
Capitol SITS.
Lincoln Park
Pharmacy.
1904 Minnesota
ave. Sloan'S
Drug S tore:
F. S. Boisfeuil-
let, prop.
Evening star., 1932-02-06

10lh S5 Ygstn S&Tu pf(5h). 3Os ~ ~ II ~
Dividend dollars
nual payment 'Ex dividend tPary tPus 4F
Payable Payable
dividend Plus 50 in stock Plus 81 in stock Plus fs
m
stock Plus SO in Paid last regular
Evening star., 1932-02-06
In the Southeast

3rd and Pa. ave.-O'Don-.
neH's Drug Store.
Evening star., 1932-02-06
CLEARING HOUSE FIGURES.

Washington Clearing House figures
for today: 3,80S,9848l.
Evening star., 1932-02-06

H LA N&AASJ
North Capitol
and Eye--Ken-
ealy's p h a r.
macy.
goth and r. i.
ave. Collins
Phi ar m a C y,
Woodbridge.
$500 18th St.
Bro kl a n d
Phi q r m q c y,
BroOklAnd.
4th and r. /. ave.
10 b n G.
Biggs' Phar-
macy.
G. h e ) a p e a X e
Junction DIR.
F. L. Wight, jr.
Evening star., 1932-02-06
BONDS ON THE CURB
MARKET.

DOMESTIC BONDS.