davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-06-26
STEEL PRODUCTION
.GEARED TO DEMAND
Mill Executives Do Not Ex-
peCt an Early Increase
in Schedules.
Special Dispatch to The star.


PITTSBURGH. June 25.-Relying on
precedent, the great majority of steel
producers do not expect any improve
ment in any branch of steel demand
in the next few weeks, July having reg
ularly been the dulleSt month of the
year.
The Unexpectedly marked decrease in
demand in the last few weeks makes
them feel all the more strongly on the
subject.
Steel ingot production this week was
at about Is per cent, continuing its
rate Of dropping approximately one
point a week. Steel activity in general
has not sunk so low, as at all plants
there has been rigid policy of using
UP stocks of ingots and semi-flnished
steel. Usual procedure on receipt Of
orders for finished products is to sched-
ule ingot production accordingly, but
now plants are searched for steel that
could be used in the finishing mill to
avoid making steel afresh if at all pos
sible. Conversely, when steel ingot pro-
duction was at its peak four months
ago 1t ran somewhat ahead Of the re-
QuirementS of the finishing mills.
Later than usual, the American Iron
and Steel Institute has published its
annual aScertainment of steel ingot
capacity. figures now given being as of
December 81, 1881. While there was
100000 to 4,000, 900 tons of new basic
open-hearth capacity completed early
in 1881, the rating for that process is
increased BY only 1,433, ,760 tons, indi-
eating the elimination from the reckon
ing of large tonnage capacity no
longer standing any chance of operat-
ing, with the severe competitive condi-
tions which have arisen since there was
heavy demand for steel three years ago.
Bessemer capacity is given at no
change, and acid open hearth, a rela-
lively minor process, is scaled down
slightly.
The sum total. including electric
and crucible ingots, is given at $685.
$50 gross tons per annum, a 81 per
cent net increase in the year. In 1880
there had been 81 per cent increase.
In six years there has been % per cent
increase. Present capacity is more than
double that on January l, 1918. Even
in the record year, 1929, production was
only 80 per cent of present capacity,
while the seven-year average through
1929 was 81 per cent.
Except for some technical changes.
all finished steel prices as openly
quoted were reaffirmed for the third
quarter. The Stabilization movement
begun four months ago, while making
plainly quotable market prices on new
business, did not eliminate all lower
priced engagements, soma contracts be-
ing extended. and the mills nov intend
to cut out all such business. cancelling
unspecified tonnage on the last day Of
this month.
(Copyright, 1922
Evening star., 1932-06-26
BEST WAYS TO HELP
BANKING ARE SOUGHT
q. S. Chamber of Commerce Starts
Nationwide Referendum on
Pending Legislation.

In anticipation of renewed efforts to
enact banking legislation in the next
session of Congress, Henry l. Hartman,
president of the Chamber Of Commerce
of the United States, announced yes
terday that the chamber will take a
referendum through its membership to
clarity business sentiment as to the
character of remedial measures which
should be adopted to give greater
strength to the Nations banking struc-
ture.
The referendum, Mr.. Hartman said,
will be based primarily upon report
drafted by the chambers Banking Com
mittee, which makes definite recon-
mendations for the solution of impor-
tant banking problems now confronting
the country. The report was prepared
by a committee of "a. consisting of one
banker and one merchant or industrial
ist from each of the IL Federal Reserve
districts. The chairman is Harry A.
Wheeler, banker, Of Chicago.
On a number of vital points the rec
ommedationS of the committee are in
sharp disagreement with banking Iegis-
1ation proposed in the present Congress.
In this connection the committee
holds that there should be no legislation
to guarantee bank deposits and that
member banks, under proper super
vision, should be permitted to maintain
affliated companies, to originate, buy
and sell investment securities.
The committee favors the establish
ment of a special Federal agency, SINH
lar to the Federal liquidation corpo-
ration contemplated in the Glass bill,
to assist in the liquidation Of member
banks 1t also recommends the grant
ing Of authority to national banks to
establish Statewide branches and the
encouragement Of group banking sys-
TENS 10 include only national and State
member banks A number Of proposals
are offered by the committee with ref
erence 10 the regulation CT group bank
ing.
Evening star., 1932-06-26
SELLING IN STOCK
MARKET SUBSIDIES
Traders Mark Time, Pending
Results in Political
Field.
BY CLAUDE A. JAEGER,
Associated Press Financial Editor.

NEW YORK, June 25.-The latest
selling furry in the share market
halted with a fade-out today, rather
than the customary rebound of more
active times.
Trading again came close to a stand
still, and net changes were negligible
The list eased a little in spots in the
frst hour, then recovered. The turn
over was roughly 100000 shares, making
it one of the dullest Saturday sessions
in recent years. News of a character
to affect the market was almost wholly
lacking and traders were content to
mark time, pending next weeks develop
ments in Washington, Lausanne and
Chicago.
The most encouraging aspect of the
market was the halt to the rather brisk
decline of the previous session, before
price averages had violated the low
levels of the bear market registered on
June l. On the whole, however, bro
kerage quarters found it difficult to
draw conclusions from such a quiet
session.
Auburn was virtually the only issue
to close substantially lower. That stock
broke points to 4074, compared to
last weeks peak of IT'S, but then re-
covered a couple of points. American
Can, which has been a weak feature
this week, owing to uncertainty over
next Tuesdays dividend action, Sagged
a point. then recovered. Similar losses
in American Telephone and American
Tobacco 'B" were regained. United
State Steel and Santa F'e sagged frac-
tionally to new lows, then recovered
United States Steel preferred closed up
a fraction At the finish. the tone was
steady, and changes in leaders we're
almost entirely limited to negligible
fractions
Intimations from the White House
that the relief measure might be vetoed
il it finally appeared in such form as to
throw the budget far out of balance,
met with a favorable response in bank
ing quarters, but the prolonged con-
troversy on the subject, which now
seems likely to keep Congress in session
another week and prolong legislative
uncertainties, was regretted. While the
outcropping Of small bank suspensions
in Chicago may have been contributory
to Yesterdays setback in the market,
the situation was viewed calmly today
The week end business surveys re-
ported that there had been some pick
I'D in spots, but it was difficult to de-
terrnine how much had been due to an
ticipation of the excise taxes which took
effect this week. Business generally
was described as entering the dull be-
tween-seasons period.
Some softening Of the dollar in. for
eign exchange trading at the opening
was soon overcome. The French franc.
after opening 316 of a point higher
against dollars, subsidized to show
slight decline. Sterling was up little,
but the Japanese yen fell back to its
low.
Evening star., 1932-06-26

Despite more favorable conditions as
regards monetary and financial condi-
tions, economic reconstruction has not
gained headway. A check-up shows
that the volume of production today is
40 per cent under the peak OF 1929,
now comparable with the extreme low
noted in the depression Of 1921.
The important barometers Of business
conditions, such as car loadings, em-
ployment, pay rolls and building, show
no basic change in the moderate sag
ging trend which has been in evidence
in recent months. New studies recently
completed clearly show that the current
rate Of output is far out of alignment
with actual consumption and utilization.
There Ia no way Of gauging or esti-
mating replacement demand. but there
IA Rr0WinG need for neW M9EcHn0Gaen
Evening star., 1932-06-26
BY II. N. McGILL,

Editor McGiIl Commodity Service Inc
AUBURNDALE, Mass, June 70 Up.
The average price level OF all com
modities last week recorded the second
consecutive increase. The moderate up
turn was due entirely to higher prices
for live stock, which experienced re-
bound following the acute demorallza-
ton OF recent weeks. The advance In
live stock prices counteracted fractional
declines noted in fuels, paint materials,
fine and course textiles and vegetable
oils.
Industrial prices were only slightly
lower, dropping to the previous low
point of June 10. Price changes nave
proven so limited in recent weeks tnat
the industrial group may be doglcany
considered In o asabe of ssAaxa&aQna
Evening star., 1932-06-26

to replace badly worn products now
in use.
Agricultural prices reacted, following
the advances of the previous week,
largely due to the further weakness in
grains. There is evidence Of Subnor-
NAL aggregate wheat output, but acreage
of other products, including cotton, has
not been cut to the extent generally
expected. The point is there is no en-
couragement for crop diversification
and the farmers have the choice of
cultivating or remaining idle. Con-
seQuently. aggressiveness is taken with
the hope that price recovery win set in.
Livestock prices showed a marked
gain from the previous week, due to
higher prices for cattle, hogs and lambs.
Beef consumption remains limited due
to impaired purchasing power, but the
- 6Gnaxsipfsa6 eg Third p,&hnl
Evening star., 1932-06-26

! &cnutiuuad an Third naseA
Evening star., 1932-06-26
EARNINGS REPORTED.

NEW YORK, June IS (P)-Per share
earnings of corporations reporting in
the past week for various periods, with
comparisons, included the following:
Evening star., 1932-06-26
"a ~ Zonite Products (60c)
u II Zenith Radio. ......

Dividend rates tables the annual
based
unit Of trading less than 100 shares tParty tPlus
AZ In stock Paid this year-no regular Payable
stock sPayable in cash stock Plus 80 in az
Plus 81 81 in soeE
Paid last yearne regular rate. Plus So PAyahia
IN acgin. 1x.6x6enn
Evening star., 1932-06-26
SILVER QUOTATIONS.

NEW YORK, June Is lFj-Bar sill
yer quiet and unchanged at 2624.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Pear Growers Will Meet
Monday to Organize

AS the result of movement initiated
by the Central Washington Growers
association, it is possible that pear
growers association for the Yakima
valley will be organized.
A meeting of all pear growers of
the valley has been called to meet in
the auditorium of the Yakima cham
Der Of commerce building February 1.
to consider the formation of such an
association
Growers are convinced that such an
organization is necessary to stabilize
the industry because of a prospective
large crop this year as well as for
number of years to come.
Whether the growers organize SIM
plysto disseminate information regard
ing crops, grades and prices, or wheth-
er 1t will extend the scope of it's activ-
tiles to include a marketing unit, will
be determined at the mass meeting on
February /, according to those respon-
sible for calling the meeting
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Little Stories From Various Districts
In The Priest Rapids Valley
In-B-Tween

Ralph Humphrey motored to va
kima on business one day last week.
Mr.. and Mrs D. G. Mock were doing
business in Kennewick one day last
week. On the return home they stop
ped at the Lueloff home for few
minutes.
Mr.. and Mrs. Ora Luddington have
been busy the past week, papering and
fixing up their home and are planning
to be moved into it by the first of
February.
Edwyna Elsie and Duane Keith, the
twin babies of Mr. and Mrs. K. E.
Brooks, are still occupying incubators
at Our Lady of Lourdes hospital in
Pasco where they are doing as we'll
as can be expected. Mr.. and Mrs
Keith Brooks, accompanied by Mrs. L.
T. Brooks, motored down to see them
a week ago Monday. 1t is not known
yet when they will be able to leave
the hospital but the Doctor thinks it
might be possible for them to leave in
another week.
" Mrs I. T. King was caller at the
George Strycker home on Friday.
Mr.. and Mrs. Ted King, who have
been making their home in soldier
house near the de Veuve place have
rented the G.. T. Slavens ranch south
of Hanford and moved onto the place
this last week.
Mrs. E. w. Heard who was stricken
with ptomaine poisoning during the
early winter was getting along fine
until few days ago when she was
taken very sick again from the effects
of the poisoning. She is belfast most
of the time now and Mrs. Schoonover
is caring for her and doing the house
work. We all wish her speedy re-
covery.
Jake Tussey has been busy the past
week wiring his house and is all ready
for electricity as soon as the men can
extend the power line on down to his
place.
D. G. Buckholdt has been making
some slight improvements on his ranch
in the In-B-TWeen. This last week
he moved his garage and with the aid
of Mr.. Stephenson of White Bluffs has
been doing some repair work on it
getting it in shape for new car
Mrs. Frank Biart entertained at din
ner on Monday, her guests being Mrs
Earle Knaub and Miss Anna Knaub
of Vernita.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Bill Hudson Seeks
Happy Hunting Grounds

News of the death of Bill Hudson,
Indian, at the Indian camp at Priest
Rapids shortly after the first of the
year, has reached White Bluffs. Ac-
cording to reports, death was due to
the drinking of wood alcohol
Hudson was we'll known in this val
ley, having for several years alter
mated his home between The Horn
and Priest Rapids.
During the last four years he has
promoted number of rodeos at the
Indian corrals on the Columbia river
at White Bluffs. That he was the NOV
ing spirit in these affairs is indicated
by a statement attributed to Harry
Tomanawash, who assisted him, that
since his death the Indians have de-
cided to tear down their corrals here
and sell the material for fire wood.
About six feet tall, of erect carriage,
and in the raiment of his white broth
err in which he was always clothed,
Bill Hudson was picturesque Indian.
A part of his time he spent in work.
ing as day laborer for the white
people. He spoke very good English.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Wahluke Ferry Damaged
BY Floating Ice

Heavy chunks of floating ice Mon
day evening crashed into the Wahluke
ferry boat and sank it. The boat at
the time was anchored on this side of
the river where the water is compar-
atively shallow but where there is also
considerable current.
Ferryman Henry Chairman succeed
ed in raising the boat to the surface
Wednesday and after patching a
couple of holes drove 1t across the
river under it's own power and 1t is
now tied up in the big eddy just be-
low Wahluke where it will remain
until danger of damage from the run
ming ice subsidies.
A sinking spell suffered by the ther-
mometer the first of the week has re-
suited in ice forming along the shore
and the White Bluffs ferry has been
out of commission since Monday.
The continued cold has caused ice
to freeze farther and farther out into
the river and Thursday morning there
was one place near the White Bluffs
ferry route, where it had frozen en-
tirely across.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Appeal Set
For Trial
March 3
MOTION TO DISMISS IS WITH
DRAWN. SUPREME COURT TO
DECIDE CASE ON MERITS

Thursday, March 8, has been fixed
by the state Supreme Court as the
date on which to hear on It's merits
the appeal in the water case.
Fred Cunningham, attorney for the
irrigation district, says that when he
arrived in Olympia last Friday to argue
his motion to dismiss, on the ground
that appellants had failed to complete
the appeal within the time specified
lin stipulation previously entered
into, he found they had filed their
record and had wired the clerk of the
Supreme Court that their printed
briefs were in the mail
! Mr.. Cunningham says he was then
confronted with a choice of arguing
his motion and taking a chance that
| the Court would require some time to
make a ruling and thus prevent the
setting of the case in the January term
| in the event the motion to dismiss
was over-ruled or waving argument
on the motion and asking the Court to
set the case for argument on the merits
at the earliest possible date.
He decided on the latter course and
the Court set the case for hearing on
March 3rd. This date, Mr.. Cunning
ham says, will delay the hearing about
two weeks from the normal setting
had the record been filed on time.
While the case is set for trial on
March 3, the procedure of the Supreme
Court is such that it is possible de-
cision will not be announced until
some time later.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Cause of New Spring
Matter of Conjecture

Maybe it was caused by the earth
tremor said to have been felt on the
Coast few weeks ago or maybe it was
the disturbance of natures handiwork
at Rock Island by the building of an
artificial dam in the Columbia. In
any event, Henry Chairman reports
the discovery few weeks ago of a
new spring of unusual size in the bot
tom of the river here.
The spring is located near the shore
of the north bank, not far below VAIL
uke. Mr.. Chairman says the opening
in the bottom of the river is several
feet long, quite wide and from the
way in which the water is bubbling up
he says it is discharging a large vol
use. He has been unable so far to
determine it's depth large deposit
OF silt and sand formerly located at
the spot has disappeared, washed away
apparently by the whirling action of
the water from the new spring.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Local Hoopsters Win
Games with Benton CITY

Two more games were chalked up
in the win column after the basketball
games at Benton City last Friday eve
ming.
The girls game was thriller, with
White Bluffs coming from behind,
late in the third quarter, to overcome
a ten point lead. 1t ended with a
score of 1920, White Bluffs having
made 81 Of those "a points in the last
half to Benton City's g..
Gertrude Upton and Jane Renting
er worked we'll in the forward posi-
tons. Doris Hemker and Louise Walk
err took care of the center of the floor,
while Dorothy Upton, Louise Shinn
and Margaret Love fought it out in
the guard berths.
The boys game was the hardest
fought contest for White Bluffs this
season, the score being 1920.
The game was five minutes old be-
fore the ball came near the hoop, and
when it did, Benton City made five
baskets. The team from the Bluffs
then stepped out and ended the half
1917. In the second half the scoring
was even and the teams alternated in
the lead many times. When the final
whistle sounded White Bluffs had won
the game with the three point lead
from the first half.
The local fans were well represented
at Benton City and gave the teams
their full sI1nnort
Friday night January &c. White
Bluffs plays Richland here.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Groups Oppose
Power & Light
Excise Tax
IT Is BELIEVED PROPOSED MEA-
SURE WOULD EXACT HEAVY
TOLL FOR PUMPING

A telegram signed by the White
Bluffs Grange, White Bluffs CONNER
cial Club, Priest Rapids Ice g. Cold
Storage Company and others protest.
ing against proposed tax on electric
ity, was sent to Congressman John w.
Summers Tuesday evening.
News that levy of five mills per
XVIII on current was included in
tax measure now pending in Congress,
was telephoned to the local P. P. & l..
office Tuesday afternoon by District
Manager R. Fl. Skill
Upon receipt of the information, Lo-
cal Manager K. A. House figured out
what the tax would mean to some of
the business houses and residences in
town, using as basis the December
consumption. He found that it would
add from so cents to $2zto the monthly
bills for lights, while it would fall
more heavily on the larger consumers.
The average monthly bill of the cold
storage plant, for instance, would be
jumped from $326.23 to $41847. The
heavy burden in this district, however,
would fall on the pumping. plants using
electrical power. Taking one of these
plants to Illustrate: Connected load
8 hip, lift 48 feet, September, 1881,
consumption 1896 XVIII, the monthly
bill for power was $2O95. Had the
proposed tax been in force then, it
would have been $28.95.
No details of the pending measure
have reached here but it is presumed
that the tax would be collected by the
power company in the same manner
that the state gas tax is collected by
the oil companies but the consumer
would, of course, pay it.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1932-01-28
Washington Ships 800
Cars of Apples Weekly

Figures compiled by the federal bu-
reau Of agricultural economics give the
common storage holdings of apples in
Washington and Oregon on January
/ as 1899 cars and the cold storage
holdings as, 1902 cars, making a sGss
tai of 1861 cars yet to be marketed.
The bulk of the common storage
apples was in the Wenatchee district,
which had 279O cars. Other carload
common storage holdings were: va
kima, 67O; Hood River, 16; Spokane,
119; Walla Walla and Milton Free
water, A.
The cold storage holdings were di
vided as follows: Wenatchee district,
1855 cars; Yakima valley, 8041 cars;
Hood River, 321; Spokane, 172; Med
ford, rs cars; and Walla Walla and
Milton Freewater district, 277 cars.
Since the first of the year the ap-
Piles have been moving to market from
this state at the rate of about 800 cars
a week.
AS the season advances the deal is
drifting more and more to consign-
ment basis The Wenatchee district,
since the beginning of the movement,
has been shipping on this basis with
the result that the cold storage hold
ings in that district are far below the
holdings in the Yakima valley. A
great many of the apples shipped so
far from the Wenatchee district have
been for export.
Apples grown in the southeast and
northeast have been supplying the big
eastern markets, but it is thought the
crop from those sections will be pretty
we'll cleaned up by March and it is
believed by that time the price will
advance to a point where it will re-
turn a little profit to western growers.
So far the price has been little above
packing and warehouse charges
All of the common storage apples
in this valley have been shipped to
market OF the Y cars in the cold
storage plant at the close of the sea-
son only 16 cars have been shipped,
leaving Sc cars, mostly Winesaps, still
in storage.