davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-04-13
OPENING STOCK
: T|LT.ISL LOST
BY NOON
BY LESLIE GOULD

NEW YORK, April 13 UN.S).
Unsatisfactory business statistics
today wiped out an early improve
ment in the stock market,
brought about by the more ag.
gresSive easy money campaign
of Federal Reserve authorities
= through progressive lowering of
bill rates.
First earnings reports for the
carter ended March 81, revealed
the lc.. state of industrial opera
tionS. Electric output for the
week had another sharp decline.
Renewed Selling
These brought renewed selling
into the list after stocks had
spurted from to 3 points in the
first half hour. Rails and utili-
ties, the two groups that had been
under the most pressure in recent
sessions, scored the best gains,
with American Telephone and
AGCQlSOL lI1uINIOudl SbAOAS oPS0S'
Decline in wheat after its run.
up of the last three days and
weakness in special issues were
further unsettling factors.
Lambert and Drug displayed
further liquidation and went to
new lows. Johns Manville was
another to go to new bear mar.
ket bottom following its loss OF
more than 81 share in the first
quarter.
Oils Slip Heavily
Standard Oil of New Jersey and
Standard of California met
further heavy selling and eS-
tablished new lows, while pressure
was renewed on General Motors.
The main body Of stocks, how
ever, steadied around last nights
close, aided by firmness in the
power and light Stoc1S.
The Washington times., 1932-04-13
Average Dividend
Rate S1.67 Per Share

Average yield on the 260 active
cash dividend paying common
stocks listed on the New York
Stock Exchange was 1881 per
cent at the beginning of April,
according to a survey published
today by Moody's Investors Serv-
ice. This contrasts with 9.70 per
cent on March l and 1858 per
cent early in February.
The weighted average cash div
idend rate for 600 identical COM
mon stocks was $1.67 per share
on March 81. At the end of Feb
ruary it was $1.76 and a year
ago was 1884. In March, 1890,
dividends were being paid at the
rate of $3.06 per share.
The Washington times., 1932-04-13
COARSE YARN QUIET

NEW YORK, April lathe coarse
yarn cloths market continued quiet to-
day the calm being broken only by
occasional sales of varying amounts Of
some types Of goods under generally
accepted market levels. The constant
lack Of any indication of volume buy
ing, which mas now lasted for virtually
two months. had settled down to an
endurance contest in which mills were
fighting to hold their position. Around
S5 per cent of the production Of print
cloths was in the hands Of selling
agents who have consistently refused
to bulge from the levels at which
goods last sold in quantity.
The Washington times., 1932-04-13
d. G. Men Map Plan
For Trade Revival

The nucleus of an organization
to bring business in the District
back to a normal level was formed
at a meeting called yesterday at
the Board of Trade rooms by Col.
E. G. Bliss, chairman of the
work creation committee.
Temporary offices chosen we're
H. G. Outwater, chairman; Hugh
Reilly, jr., treasurer, and Oscar
Leonard, secretary. Mr.. OutWater
named temporary subcommittee
to outline a plan for organization
and enIiSting members.
The Washington times., 1932-04-13
FAILURES DECREASE

Business failures as reported to
Bradstreet'S for the week ending
April 7 number SOS. as compared
with $50 in the preceding week
and 471 in the corresponding
week of last year. This weeks
figure marks a decrease of 2.6
per cent from the previous week,
as against a normal expected
gain Of 7.6 per cent.
The Washington times., 1932-04-13
CHICAGO LIVESTOCK

CHICAGO, April 1s GN.sD.-Hogs-
$4,000; steady. Top, S4.3o; bulk, $3.75
4.25; light. $4@4.3O; light lights $3.50
@4.25; packing sows, $3@3.5O; pigs
$S.5OW4 Holdovers, 1000.
Cattle-9, 900; steady. Calves: 1900;
steady. Beef Steers: Good and choice
S7@S.25: common and medium, $45O0
7: yearlings, $5.50@S. Butcher cattle:
Heifers. $3.5O@7; cows, $304.5O; bulls,
$2.75@4; calves $4@6.50: feeder steers,
$4.50@6; stocker steers, $4@5.75; stock
erer cows and heifers, $3Q4.5o.
Sheep-12. 900; steady. Lambs, S. 50
975O; common. $4@550; spring lambs
sS@10; yearlings S595.75; feeders. IS
m6: ewes S25Om45O
The Washington times., 1932-04-13
CiUitGn Club Plans
To Entertain Guests

Plans to entertain delegates
to the Civitan Convention in
Baltimore during June were
made last night by the Civitan
Club of Washington at meeting
in the Lafayette Hotel. The
delegates are expected to visit
this city June %.
A resolution approving the
work of the Eyesight ConServa-
ton Commission was adopted.
The Washington times., 1932-04-13
SECURITY LOANS DIP

The Federal Reserve Board con.
dition statement shows loans on
securities declined $70,000,000 at
reporting member banks in the
New York district, and $13,O0O,00O
in the Boston district. "All
other" loans declined $4,000, 900
in the New York district, $7,000,-
900 in the San Francisco district,
and $6,O0O,000 in the Chicago dis
trict
The Washington times., 1932-04-13
POTASH REDUCTION

Potash produced in the United
States in 1881 amounted to 1885,
92O short tons of potassium salts
equivalent to $3.50 short tons of
potash TX 20). The potash ma
terials of domestic origin sold by
producers in 1881 were valued at
$3,086,955.
The Washington times., 1932-04-13
TRUCK SALES BOOSTED

Intensive advertising, price guar.
anteeS, and other inducements
have boosted domestic sales of the
motor truck division of Inter.
national Harvester Co. above
those for the 1881 period when
foreign and domestic sales to-
gether totaled about 4,500 units.
The Washington times., 1932-04-13
OIL PRICE TILT SPREADS

The 15-cent advance in crude
oil prices posted April 1 by some
companies in the Southwest has
been met now by all the major
buyers there and extended by
other companies to the central
western, Wyoming, and Montana
fields,
The Washington times., 1932-04-13
BrOOkhart to Talk
At Forum Session

Economic conditions in Amer
ica will be discussed by Senator
Smith w. Brookhart in an ad-
dress next Saturday before the
Washington Open Forum, 1106
Connecticut Ave. N. w., at 8
p. m. The public is invited.
The Washington times., 1932-04-13
BOND MARKET

NEW YORK, April 13 GN.SD.
Bonds showed a better tone with
the recently depressed second
grade rail issues tending higher.
Government obligations were
strong on the new cut in bill
rates,
The Washington times., 1932-04-13
Building Trades Cut
San Francisco WaQe

Reduction of daily wage scale
of plaSterers to $3.50 from $11 is
announced bySan Francisco Indus
trial Association and the local
plasterers' union. Plumbers also
have been reduced 20 per cent.
The reductions follow a 20 per
cent wage cut by carpenters.
The Washington times., 1932-04-13
SHEETING SALES JUMP

Wide sheeting sales in the past
quarter are higher than a year
ago and 10 per cent above those
of five years ago. Stocks on hand
are lowest since 1928.
The Washington times., 1932-04-13
CURB MARKET

NEW YORK, April 13 G.N.SO.
The curb market continued to
run into difficulties in attempting
to get clear on the upside in
today'S session.
The Washington times., 1932-04-13

New York funds in Montreal $3.50
| nremiIun at $1,000 Montreal funds in
| New York $3.50 discount at $1,000
| Hone seekers who want TO establish
| themm Ives in a home Of their own will
| find timely home selection in the
Real Estate for Sale Columns Of the
Classified Section.
The Washington times., 1932-04-13
WASHINGTON STOCKS
SALES

National Mortgage & Invest
ment pfd, 1908.
Washington Gas 6's "a, 5000
oolh
The Washington times., 1932-04-13

80 So zonite Prod......
ta) Optional (b) Partly extra. c) Extra
stock and cash. td) Extra (ej Including
u) 3-60ths OF share in stock. Paid
able in stock. (kJ Paid this (AA) lOg in
IwWl With warrants. (xw) without 90
dividend 90 ExrghtA
Dividend dollars
The Washington times., 1932-04-13
FOREIGN EXCHANGE

NEW YORK, April 10 G.NsD.
Evening star., 1932-04-30
FEDERAL RESERVE RATIO.

By The Associated Press.
The ratio of total reserves Of the II
Federal Reserve banks TO deposit and
Federal Reserve note liabilities COM
bined showed a further recession dur
ing the week ended April 81, the Re-
serve Board reported. The ratio follows
for comparable periods:
Week ended April 81. 67.9 per cent
Previous week. k....... 692 per cent
Eame week last wear $40 per cent
Evening star., 1932-04-30

PREY. 1892 Stock and
High. Low. Dividend Rate.
ga 81. Zonite Prod Corp &
Dividend rates as given in the
payments based on the latest qua
fPartly extra. +Plus 4Gs in ste
rate. b Payable in stock. e Pays
in stock. n Plus 2fo in stock.
stock. k Plus 81 in stock m
n Plus So in stock. D Plus 2I2'e
Evening star., 1932-04-30
STOCKS IN RALLY
AFTER EARLY LOSS
Market Recovery Follows
Recording of New Lows
in First Hour.
BY GEORGE t. HUGHES.
special Dispatch to The Star

special DlSpatCh 10 The star
NEW YORK, April 3O.-The Stock
Exchange rallied late in todays session
after a dozen or more prominent stocks
had touched new low Levels. The mar
ket was characterized by . small VOL
ume of transact lions but fairly heavy
liquidation was concentrated on a few
issues
The influences at work were similar
to those that have been affecting stocks
the latter part of this week. The an
nouncement by the Interstate Com
merce Commission that it would recon-
mend a plan of reorganization for the
st. Louis-San Francisco Railroad caused
some uneaSineSs among the holders of
the junior bonds or other carriers that
have been suffering from lack of funds
and have been compelled to ask for
aid from the Reconstruction Finance
Corporation.
The weakest issues were the highest
grade rails. In Atchison the selling re-
suited in a loss of nearly points be-
fore some recovery set in. 1t sold at
one time 81 points below its k:siI or
the year and on better than a ~ per
cent income basis. Union Pacific was
likewise in supply. New York Central
dipped fractiCnally below its previous
minimum figure
The leaders in the industrial list were
soft On small sales Air Reduction,
American Can, Eastman Kodak, Gen
eral Electric, SaarS-ROebuck. Woolworth
and United States Steel preferred all
declined under previous low limits.
There was some suppot in General
Motors at its present low level and less
evidence of liquidation than for several
days Nash Motors made a new loy
record. At its present price it yields 20
per cent on the investment. In the
utility list Western Union was the
weakest issue, although American Tele-
phone hovered around it's recent low
and Consolidated Gas was dealt in well
under so.
The market rallied slightly in the
second hour, when Atchison showed q
point recovery and fractional gains oc-
CURED throughout the active list A
few stocks were able to rise above Fri
days closing, among them American
Can and Auburn Auto
There is always the hope at the end
of week of sharply declining prices
that some constructive work may come
from Washington or some other source
before business is resumed on Monday.
1t was in this mood that Wall Street
went home today, confident that the
month of May will develop a brighter
picture fer holders of securities than
has been held up to them during April.
Evening star., 1932-04-30
JOBS OF $4,000 INVOLVED
IN PENNSYLVANIA LOAN

By the Associated Press
NEW YORK, April 30.-If the Re-
construction Finance Corporation acts
favorably in the Pennsylvania Rail-
road co.'s application for a $55, 900. 900
loan the road will guarantee employ
ment for $4,000 workers and at the
same time will place substantial orders
with numerous firms AFFILIATED with the
railroad industry, it was stated in au-
thoritative quarters today. Railroad in
terests are said to believe that the
chances of a favorable decision on the
loan have been considerably enhanced
by the action taken by the road this
week in emitting its dividend.
Evening star., 1932-04-30
Retrenchment in Industry.

NEW YORK, April 80 [P.-Wall
Street continues to hear reports of dras-
tic retrenchment in the motion picture
industry. 1t was reported today that
Warner Bros. Pictures. Inc, has ordered
general 10 per cent reduction E
salaries, effective May l. This will be
the third salary reduction by Warner
since the start of the depression, it is
said.
Evening star., 1932-04-30
First Mortgage Loans

Lowest Rates of Interest and Commission
Thomas J. Fisher & Company, Inc.
Evening star., 1932-04-30
Switching of Investments.

Meanwhile investors continued to
switch from taxable bonds into tax
eXempts. This resulted in a stream
of offerings, not only of descriptions
of a Junior type, such as second-grade
rails and industrials, but also of prime
investment bonds, as those of the con-
servative utility operating companies
Added to this was a fair amount of
forced liquidation brought about as de-
clining stock prices hacked away mar
gins and forced out the collateral be-
hind bank loans
Near the month-end this movement
tapered off to a dull trading f1uctua-
ton in which prices of bonds were
easily moved a few points either way
with a few transactions. There were
Evening star., 1932-04-30
NEW YORK BANK STOCKS

NEW YORK, April 30 GP-Over-the-
counter market:
Evening star., 1932-04-30
U. S. TREASURY BALANCE.

BY the Associated Press
Treasury receipts for April %. were
3,235, ,933.75; expenditures, Sl0,859.-
7l8.45; balance, 1929, ,439, 1908 Gus
toms duties for % days of April we're
S19,615, ,4O475.
Evening star., 1932-04-30
BY F. II. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, April 30.-In the past
month the bond market, as measured
by Standard Statistics index of so rep
resentative issues broke through its
previous low for the bear market and
established a record bottom level This
came at the end Of period OF declin-
ing prices beginning around the middle
of March and arrested just after the
second week in April. At the same
time, while the general list was falling,
United States Government bonds
buoyed up by the cheap money policy
of the Federal Reserve-and munich
pals, which we're bought because of their
tax exemption feature, continued to ad-
vance. Both of these high-grade
groups set new high price levels for the
year.
The encouraging factor in this stu
alton was the absence Of any signs Of
panic. The volume of trading dwindled
rapidly on the decline and then almost
doubled when the downturn was
checked While pessimism again had
its grip on the financial community be-
cause of the excessive weakness OF
stocks. the desperate bond liquidation
of last December was not renewed.
When the turn did come, it came with
out apparent reason, just as If the in
vesting public had suddenly decided to
keep it's stocks and bonds no matter
what happened.
Rise in Governments.
The continued rise of Government
bonds. as the Federal Reserve increased
its weekly purchases of Governments
from $25,000,000 to $100,000,0 900 and as
investors switched into taX-exempt de-
scriptions, made it evident that the
Treasury would have no difficulty in
selling long-term bonds for that part
of the deficit that would not be covered
by revenue. The one-year 324 per cent
notes disposed of last month were
quoted at 2-point premium.
The Government bond market had
even reachedt the point where talk was
renewed Of large refunding operation
of Liberty bonds. The Liberty 3l2s,
which are outstanding to the amount
of 1892, 100000 and callable after
June Is, could probably be refunded
about 100000 in annual interest and
next year-when the S6268. 900, 900
fourth Liberty loan becomes callable-
another S75,000.000 might conceivably
be chopped off the annual interest bill,
providing the cheap money market
continues. These are small sums, but
in revenue and expenditure program
that can be seriously upset by the nom
inclusion in the British budget of
1859 900, 900 in war debt and interest
payments due the United States, they
assume added importance.
The delay in reducing the Federal
Reserve rediScount rate at New York
to the az per cent that would ordi-
narily conform to Londons rate of 3
per cent-eStablished at that level late
in April-was somewhat of disap-
pointment to the market. Money rates
we're out of line with the rediscount
rate For example. call money was at
212 per cent. time money at 134 to 2
per cent and bill rates at l to IL
per cent. But on the day the rate
might have been cut-April 21-dol-
lars dropped in Paris to below the
point where gold could profitably be
be shipped to Paris and it was OBJ
viouS that the New York Federal Re-
serve Bank retained the per cent
rate for a time longer in order to
check any fresh outflow Of foreign
balances
Evening star., 1932-04-30
Weekly Business Index Rises.

The weekly index of the United
Business Thermometer is now moving
in an upward direction for the first
time in 1882. This index, which meas
ures the volume Of business in relation
to normal" is adjusted for seasonal
variation and long-term trend. With
the full point rise in the last two weeks,
business is now recorded at 42.6 per
cent below normal Commenting on
this in its current report, the Boston
service states: Late Spring increases
il basic industrial activity are expected,
which should cause a further rise in
aggregate business volume during May"
Evening star., 1932-04-30

b. Stock and Sales
Evening star., 1932-04-30

Sales Net.
Add 90 High Low Close Chge
ID 10 SIS 65s 6sS - !.
above table are the annual cash
.rteriy or half-yeArly declarations.
,ck. Paid this year-no regular
lble in cash or stock. Plus 81
Plus 81 in special preferred
Paid last year-no regular rate.
in stock.
The Washington times., 1932-10-07
ACKNOWLEDGEMENTS
Central. Business
Truth in Advertising

The seal Of the Central Business
Mems Association in the upper right
hand corner Of this page is found in the
places Of business Of all merchants Of
this association. 1t signifies truthful
ness and honesty in their dealings with
the public. Buy from a Central Busi-
ness Man.
The Washington times., 1932-10-07
TWO COLOred Women
Killed as Cars Crash

Two colored women who were
killed in an automobile accident
at Muirkirk, on the Baltimore
Boulevard, yesterday, we're identi-
fled last night as Lenore Smith,
of Baltimore, and Ida Carroll, of
Annapolis Junction.
The accident occurred when
the automobile in which they
were riding skidded and crashed
head-on into a truck driven by
John Quarles, colored, 1900 block
of Eleventh st. S. E. Quarles
and James Jones, colored, Of
Baltimore, believed to be the
driver of the machine in which
the women were riding, were
seriously injured,
The Washington times., 1932-10-07
DRY LAW CASES
j ON INCREASE

Attorney General Mitchell's
announced determination to en-
force the prohibition law strict
ly has resulted in increased activ-
tty in the Prohibition Bureau.
Although 76 agents were
dropped July l as an economy
move, the number of cases pre-
pared for presentation in Fed
eral courts has increased stead
lily.
In June. 8,O15 cases were pre-
sented. They rose to 1851 in
July and to 8,811 in August.
September figures are not COM
pleted, but will show a further
gain.
The Washington times., 1932-10-07
WINTER COMES
!. AS COLD WIND
LASHES N. !.

NEW YORK, Oct. 7 dN.s0.
OF Man Winter barred his bark
and bite today for the first time
this fall. A cold wave, with roar
ing winds, invaded the Metropoli-
tan area.
The drop in temperature fol
lowed a chill gale which swept a
binding rain across the city and
its environs. Eleven men were
injured when the force of the
storm blew down a shed at the
city market in New Brunswick,
N. j.
ALBANY, N. Y, Oct. Z G.N.SO .
Streams in eastern and northern
New York, parched by the pro-
longed drought, today were over
flowing their banks after a record
rainfall. Albany had nearly three
inches of rain in the last "a hours,
which Schnectady reported All
inches, the heaviest fall in 29
years.
KINGSTON, N. Y, Oct. 7
O.N.S0 Damage Wreaked IN
Margaretville Village, a Catsklll
Mountain resort, by a terrific
cloudburst climaxing two days
torrential rain was estimated to-
day at 100000. The village, with
six feet of water covering the
streets, was isolated today.
The Washington times., 1932-10-07
CONSC|ENCEH|T
PAYS $4,000

An uneasy conscience is resting
better somewhere in Washington
today.
The Treasury Department has
reported receipt of $4,000 in bills
mailed from Washington, accom-
panied only by this explanation
in pencil:
"For the conscience fund"
The Treasurys conscience fund
has received in all about $500 600
from remorseful persons seeking
to restore to the Government
money they believed they owed.
The first of such payments,
$3.50, was received in 1911. The
largest AMOUNT contributed in one
year was $54,923 in 1916. In
1929 unidentified contributions
amounted to $20,929.
The slump hampered the con-
science-stricken, apparently, for
in 1880 and 1881 the payments
dropped to less than $4,000 each
year. All the money goes into the
Treasury general fund.
The Washington times., 1932-10-07

ARTHUR CLAREN DON
SMITH, President T he
Central Business Mems
Association.
Mr.. Smith is a member
of twenty-one fraternal,
civic, business and social
organizations in Washing
ton; is President Of the
Federation of Business
Mems Associations. Presi-
dent of the Reciprocity
Club. past director of the
Chamber of Commerce,
member of the Board of
Trade and National Fur
niture Warehouse Associ-
alton; and belongs to the
Lions, Manor and Racquet
Clubs.
The Washington times., 1932-10-07
Shepherds to Hold
Halloween Dance

A Halloween masquerade dance
will be given on Thursday, Oc-
tober q, by William H. Hall
Lodge No. 8, Order Shepherds
of Bethlehem. in the Masonic
Temple Auditorium, Twelfth and
Monroe Streets Northeast.
Prizes will be awarded to the
most original. the best, and the
most comical costumes. The
committee in charge includes
Garnett Delaney, chairman; Miss
Rose Fisher, Miss Mary Fox, Miss
Ida Phillips, Mrs. Madeline Cur
tin and John Mercer. Leos
Blue Moon Orchestra will play.
The Washington times., 1932-10-07
Bank Closes, Cashier
Hunted by Police

LEWISVILLE, Ind, Oct. Z
uN.SO-The First National
Bank here. a $206,000 institution
organized in 1900 of which Luther
r. SymonS, State bank commits
Sioner is president, was closed to-
day as the result of the mys-
terious disappearance of Hawley
Hall, so, the cashier.
Hall, who enjoyed the reputa-
,tion of being the wealthiest man
IN Henry county, has been missing
since September %.
La gaceta., 1932-04-18

mario y Sc marchan a otra par
tie.
La verdad es que este es uno
de los mas grandes problemas
del Kremlin, que viene procu-
rando resolverlos por medic de
altos salaries, mejores condicio-
mes de trabaio y ell sistema de
obreros voluntarios para man
tenerse en- una industrial o en-
una labor hasta terminarla por
complete.
La iniciativa de la Juventud
Comunista de Amo presto adj
cional importancia a la orienta-
ci6n de los trabajadores indus
,triales de la republica socialista
La gaceta., 1932-04-18
Ell D COX COBRA
UNA PENSION DEL CO.
BIERNO

New York, (FP), abril 49,
81 padre Cox, de Pittsburgh,
organizador de la Marcia del
hambre a Washington, que ha
convocado una convention ma
cional de hombres sin trabajo
para ell II de agosto, cobra una
pension del negociado de Vete-
ramos del Gobierno. Cox fue te-
niente en- ell cuerpo de capella-
mes del ejercito y despues de la
guerra regres6 a sus antiques
deberes. Cuando la ley conce-
diendo pensiones a determine
dos oficiales fue aprobada sobre
Ell veto del presidente Coolidge,
en- 1928, Cox solicit6 una pen
sion Y desde entonces viene CO.
brando S125.00 mensuales. La
FTP ha revelado este detalle que
ignoraban muchos de los que
fueran con OK hasta Washing
ton, demandando ayuda para los
sin trabajo.
La gaceta., 1932-04-18
ECOS DEL CAYO

A una corta distancia del ca
20 Sin Nombre embarranc6 ha-
ce pocos dias ell vaporcito City
of Key West, viendose obligados
los pasajeros y automobiles a
permanecer a su bordo hasta
las 10 de la manana del dia ST.
guiente. Bajo condolences nor
males ell vaporcito hubiera en-
contrado suficiente profundi-
dad de aqua, pero en- ell viaje
llevaba un canton de 10 tonela-
das en- la proa y un tractor, y
este, a juicio del captain, provo
co ell accidente.
Horas despues, con la marea
alta, sali6 a flote sin ayuda de
ninguna otra embarcaci6n.