davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-12-09
Central Business Men
MARCH OF PROGRESS
Anna Burns, Owner & Manager Of the
Annapolis Beauty Shop, Sl4-llthSt.N.W.

In 1917, Anna Burns, having enlisted Uncle Sans
service as a yeomanette, Washington from
New York. She spent year in the Navy, starting
as an L.. F. Y. and leaving yeomanette, first
After year In civil life again enlisted,
but this time in the United States Army for field
service.
In 1921 Burns again returned to civil life. Her
first employment was in the old Boston Beauty Shop"
so named because of the proprietress, Mrs. White.
having formerly operated the beauty shop in the
Boston House." known Woodward e. I.othrop.
1t that Mrs. Burns received her first training
in the of beauty culture. vs.
In 1922, Anna Burns opened her establishment
in Northeast Washington known 1.-THE Rose Beauty
Shop" where from small beginning, she Increased
Evening star., 1932-09-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. September 1.-The fol-
lowing is today's summary Of important
corporation news prepared by Standard
Statistics Co, Inc, New York, for the
Associated Press:
Automobile Parts and Tires.
Goodrich (B. FL Co. sells control of
Hood Rubber Co, Inc, to group headed
by Arthur B. Newhall; to hold minority
stock interest in Hood Co.
Building, Real Estate and Related
Sherwin- Williams Co. plans 81 900 900
advertising campaign; to make large
raw material purchases.
Starrett OBSERVATION-DISCLOSURES gets
50, 100000 contract fer construction Of
new Philadelphia Post ONCE.
Chemicals and Fertilizers.
Hercules Powder Co. declared a quar-
terly dividend of 3712 cents on common
stock: paid so cents June IA, prior to
which rs cents was disbursed quarterly.
Electrical Equipment and Radio.
Grigsby-G -Grunow Co. working force
doubled in past few weeks.
Zenith Radio Corporation-Demand
reported in excess Of normal seasonal
levels.
Household Products.
Brillo Manufacturing-Class B share
earnings six months ended June 80, 10
cents VS.. 83 cents.
Diamond Match - Common share
earnings six months ended June 80,
go cents VS.. 76 cents.
Metals Mon -Ferrous).
Copper industry advanced price for
domestic copper one-eighth Of cent q
pound to 5A cents a pound. delivered,
to the end of 1882. Copper Exporters,
Inc, also advanced price one-eighth Of
a cent to 5.871a cents pound, elf.
European ports.
Bunker Hill & Sullivan Mining &
Concentrating Cc.-July profit, before
depreciation and depletion, off 672 per
cent; seven months was off 773 per
cent.
Miscellaneous.
Du Point (E L., de Nemours & Co.
Buffalo rayon plant OF subsidiary has
resumed, with employees on part time.
PACIFIC Finance Corporation Of Cali
fornia-Common share earnings six
months ended June 80, IT cents.
Office and Business Equipment.
Addressograph Multigraph Corpora
tion - Common share earnings six
months ended June 80, 81 cents vs.. IS
cents.
Evening star., 1932-09-01
CURB SHARESF|RM
IN QUIET MARKET
Utilities Prove Trading Fa-
vorites-0iI Group Moves
in Narrow Limits.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, September AFTER
opening lower, Curb Exchange stocks
f1rmed around midday today, but the
session was the smallest in several
weeks, rejecting the approaching hoh-
day.
American Superpower stole the mar
ket spotlight from Electric Bond 8s
Share, as during the first few hours It
was turned over four times the VOL
ume Of the usual market leader. In
point of trading American Gas g. Elec-
trio almost equaled Bond & Share,
which was up about q point in the early
afternoon. Cities Service again ranged
within narrow limits, as did Standard
Oil of Indiana.
Opposed to the profit-taking actions
of professional traders, who never care
to carry stocks over several non-tTading
days, were pool sponsors who supported
their favorites in the hope that such
issues would close higher on the week
and thus set the stage Alright for next
Tuesdays session.
Included in the news affecting stocks
on this exchange was the announce
ment that Pilot Radio & Tube plans to
double its working force at Lawrence,
Mass. New York Transit rose a point
as the company declared an extra divi-
dend of 10 cents.
International Superpower's recent
activity forecast today's declaration Of
the regular quarterly dividend. General
Gas g. Electric ordered the usual pre-
ferred disbursements and Memphis
Natural Gas took similar action. Nashua
Manufacturing Co., whose mills are now
operating i've days q week, indicated It
might increase blanket prices.
Acme Steel was the feature OF the
early wide movers as it ran up Va
points to q new peak for the year. This
rise may reflect betterment in the auto
motive industry, since about 60 per cent
of the companys product goes directly
to that trade.
Bunker Hill SS Sullivan Mining one
of the recent strong spots in the metals.
today reported July profit Of SAB s3o4, az
against S15,239 in June and $l46,S9S Tor
July, 1881. As zinc imports decreased,
exports were up It'll tons for the year
to date, which accounts for the frming
of bids on New Jersey Zinc.
Evening star., 1932-09-01
BANKERS WEIGHING
S10,4O0,0)O CLAIM
Reorganization of Richfield
Oil Company Brings West
ern Parley.
By the Associated Press.

By the Associated Press.
LOS ANGELES, September 1.-The
Times says conferences that may lead
to a bankers reorganization plan for
the Richf1eld Oil Co. Of California have
been started here, attended by repre-
sentatives Of banks in New York, Chi
cago and San Francisco which hold a
$10 400. 900 claim against the company.
So far. the newspaper says, discus
sions have not resulted in decision
either to approve the plan for reorgani-
zation submitted by the Consolidated
OIL Corporation, a Sinclair concern, or
to proceed with an independent plan In
opposition.
The Consolidated plan was Endorsed
recently by the joint committee repre-
senting Richfield bondholders and un-
secured trade creditors.
Banks interested in the loan extended
to the Richfield company in 1880 in
clude the Chemical National, New York;
Continental and First National, Chi
cago; Dexter Horton, Seattle; Wells
Fargo and American Trust, San Fran
cisco; Security-First National, Califor-
mia, Citizens National Trust q Savings
and Bank of America. Los Angeles.
Under the Sinclair plan, the outlook
for recovery on the bankers claim is
reported to be about is to 20 cents on
the dollar.
Hoping for higher recovery, the bank
creditors have been inclined to advocate
postponement of the reorganization. but
since immediate reorganization has been
forced by the acceptance of the Sinclair
plan by bondholders, they are consider
ing the advisability of contributing the
necessary capital in exchange for COM
mon stock in a new company.
Evening star., 1932-09-01
SPECULATIVE BOND
y LIST SHOWS GAIN
Prime Issues Firm, With
Some Advances-Foreign
Group Higher.
BY F. II. RICHARDSON.

Special Dispatch to The star.
NEW YORK, September Reflect
ing strength in stocks, speculative bonds
moved sharply higher today, while in
vestment grade issues remained firm or
made fractional advances. United
States Government long-term bonds
were steady Foreign dollar obligations
ranged higher
Junior bonds have resumed their ira
ditional habit Of paralleling the move
ments of stocks. The rails were the
most active today. Gains of l to
points occurred in Western Maryland Is,
Southern Pacific 4las, Northern Pacific
IS, New York Central IS. Nickel Plate
IS. Erie refunding IS and Allegheny
Corporation SIS.
The Nickel Plate has asked authority
of the Interstate Commerce Commission
to issue $40 900 900 of 5-year promissory
notes bearing per cent coupon. The
proceeds will be used to "pay in full,
or in part, and in exchange for" like
amount of 3-year per cent notes due
October l. The application gives no
further details of the proposed method
of meeting the maturity. Reports
earlier this year were that the maturity
would be paid in cash.
Since no notification was received as
to funds with which to pay the Inter
borough Rapid Transit rs. due today,
the Stock Exchange ordered them trad
ed fiat" However, efforts are being
made by the receivers to arrange a
method of meeting the maturity. The
bonds are secured by deposit OF Inter-
borough refunding 5S, senior obligation
of the subway system. Interborough
SIS, IS and rs and other New York City
traction securities we're firm.
Among industrials Armour OF Della
ware 512s rose points and there were
small gains in Gulf States Steel 512S,
which added points Wednesday;
Dodge Brothers IS and United States
Rubber IS.
Prime issues were firm to fractionally
higher. Atchinson General As reached
a new top for the movement above 80.
Small gains were recorded in Norfolk
e. Western As, Union Pacific First 4s
and Burlington Is. American Telephone
SIS and SIPS, Standard Oil of New Jersey
SIS and General Motors Acceptance Is
were in demand.
United States Government bonds were
steady on advance estimates that the
Treasury financing. to be announced
next week, is unlikely to cause any dis
ruption in the market for outstanding
governments. 1t is reliably reported that
the Treasury will offer about S500,000-
900 of 5-year 33ss and from s600,00,-
600 to 5000, ,000, 900 of 1-year l las and
2-year 21ss. Further refunding Of the
floating debt, in view Of the record
low cost of such borrowing to the Gov
eminent in the current market, Is un-
likely for some time.
In the foreign list German issues
moved / to 11a points higher. British
612s were firm with sterling.
Evening star., 1932-09-01
Grain Market
BY the Associated Press.

BY the Associated Press.
CHICAGO. September Wheat was
unsettled today by further liquida ton
Of the September delivery. induced by
unexpectedly heavy deliveries Of 6,729,-
900 bushels on contracts. Support ap-
peared on all declines, and at one time
the market was a fraction above the
fir n Yesterday.
Reports of export bids for Winter
wheat around Il cent off a working
basis were ignored because of Canadian
and Russian grain offered cheaper.
Corn was also subject to switching Of
lines. with cash houses buying Septem
Der and selling December futures. Oats
showed independent strength. Provi-
sions followed hogs.
Wheat closed weak, i to IS cent
lower than yesterdays finish corn,
mixed, "a lower to A-ila higher; oats
a shade down to isl4 up, and provi-
sions to 81 cents advanced.
Evening star., 1932-09-01
COPPER PRICE HIGHER.

NEW YORK, September OP,.-The
price of copper was advanced another
II cent today to SIS cents a pound, a
level Il cent a pound above the mar
ket prevailing week or so ago.
Copper in the export market was
reported at levels equivalent to SOS
cents pound, which is the highest
attained on the current upward move
ment. Foreign buying is said to be in
fair volume, but domestic buying con-
tinues light.
Evening star., 1932-09-01
Bank Of England Statement.

LONDON, September / R.--The
weekly statement of the Bank Of Eng
land shows the following changes in
pounds: Total reserve decreased 1885,
900, circulation increased 1,406, 600, bull
lion increased 2l1,000, other securities
decreased 1,534,000, public deposits de-
creased l,476.ooO, other deposits In
creased $50, 900, notes reserve decreased
,22S, 900. government securities in
creased 1870. 1000.
The proportion of the banks reserve
to liability is 36.4s per cent, compared
with 37l3 last week.
Rate Of discount, per cent.
Evening star., 1932-09-01
new RETAIL SALES TAX
WILL AID UNEMPLOYED
Py the Associated Press.

BY the Associated Press.
HARRISBURG, Pa, September L.
Pennsylvania retail merchants today
opened a new set Of books as the new
sales tax of per cent on retail trans
actions became effective.
The merchants must turn over to the
State for unemployment relief / per
cent Of their gross income for the next
six months. The tax is expected to
yield between $4,000 600 and sl5,000,- :
600 for the estimated l,267, 900 unem-
ployed in Pennsylvania.
Farmers sales Of their own products,
sales of the Federal Government and
sales outside of Pennsylvania are ex-
empt from the levy. Manufacturers,
jobbers and wholesalers must pay the
tax when they compete with regular
retailers. Real estate and intangible
property, such as electricity, gas, stocks,
bonds, promissory notes and other Sc
curities are exempt.
Evening star., 1932-09-01
S10,353,6 GOLD GAIN
BY U. S. NOTED BY BANK
BY the Associated Press.

BY the Associated Press.
NEW YORK, September IA net
gain of $10,353, 800 in the Nations
monetary gold stocks was shown in yes
terday's report Of the Federal Reserve
Bank of New York.
This was the largest increase since
France released gold holdings here to
provide for the redemption on August
of an issue of French railway bonds.
Imports amounted to $1,163, 100.
These came from England, $986, 900,
and from Mexico, which shipped $176,-
200. There were no exports.
A gain of s9,190, 500, additional re-
suited from the release Of that much
gold which had been held until today
under earmark for foreign account.
Evening star., 1932-09-01
Canadian AutOmotive Exports.
BY the Associated Press.

Canada's foreign trade In automobiles
is moving along briskly as testified by
q despatch to the Commerce Depart
ment which said exports in July regis
tered an increase Of 211 per cent over
June and ls7 per cent over July OF
last year.
Passenger car shipments increased
from TAI to 1908 units and trucks
from 81 to 1s5 units. the report stated.
At the same time exports of automo-
bile parts gained from $34,o ,o24 to s436,-
189. Total production, 1t was stated,
advanced per cent over June, the
production Of passenger cars rising from
6.3"S to SITS, but trucks dropped from
804 units to 699.
Evening star., 1932-09-01
Steel Price Advanced.

NEW YORK, September (P1.-The
Iron Age composite price for heavy
melting steel has advanced to s7.42 from
81 week ago, and is now 81 ton
above its low point for the year. The
composite prices for pig iron and fin-
ished steel are unchanged at $13.64 "a
gross ton and 1864 cents a pound, re-
spectively.
Evening star., 1932-09-01
POTATO MARKET.

CHICAGO. September R.-
Omitted States Department of Agricul-
ture) ).-Potatoes-R so cars; on
track. 124: total United States ship
trading slow; cobblers, Wisconsin. u S..
No. /, medium to large, few sales 20;
Minnesota. U. S., No L. Hollandale sec
ton, 20: Nebraska, 10; Minnesota Early
Ohios, U. S.. No. l, and partly graded,
60-6l u; Idaho Triumphs, 1.20.
Evening star., 1932-09-01
Reorganization Plan Approved.

NEW YORK, September tP.-E, N.
Brown, chairman of the board of direc-
tors of the St. Louis-San Francisco
Railway, stated that the roads reor-
ganization plan had been approved by
more than majority of the board and
stockholders and that successful
capital readjustment was now virtually
assured.
Evening star., 1932-09-01
New York Cotton

Special Dispatch to The Star.
NEW YORK. September Further
heavy profit taking occurred in cotton
today and prices worked off below 8l4
cents for October; final quotations
showing loss of 8 to Is points on the
day.
While an increase in null demand
impaired resistance on the decline, the
market met cotton on all rallies as
holders reduced their lines. Spots were
reduced 10 points to $50.
Cotton range:
Evening star., 1932-09-01
Charcoal New Industry.

BROWNWOOD, Tex. P.-Brown-
wood has new and promising industry
the making of artists charcoal. There
are few. if any, other such factories in
the United States.
Evening star., 1932-09-01
CHICAGO STOCK MARKET

CHICAGO. September P.-Fol-
lowing is the complete official list of
transactions in stocks on the Chicago
Stock Exchange today:
Evening star., 1932-09-01

Dividend rates in dollars based on last
dividend tPartly extra tPius as in stock.
Payable in eas1 or stock. PAYABLE in
in stock. Plus So In stock. b Plus lG
in stock Plus ~ in stock. Plus ioSs
stock. Paid last year-no Teeular rate
Evening star., 1932-09-01
Washington Stock Exchange

SALES.
Potomac Electric 51a9o pfd-5 at 1903.
AFTER CALL.
Washington Rwy. & Elec. 4s-S1 900 at
8394, 1000 at 8334, $1,000 at 8324,
$4,000 at 83&.
Washington Gas 4ias-$l 900 at 972i
$1,000 at e7s4, $4,000 at 97s4.
Evening star., 1932-09-01
N. Y. CURB MARKET
Received BY Private Wire Direct to The Star ONCE.

Stock and Sale
Dividend Rate Ado 90. High. Low. Close.
Alabam Pw pf Cd. los s6ls s6Is S6h
All Am Gen. 8
Evening star., 1932-09-01
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK.

The following figures are not bids. but
merely represent minimum prices fixed By
the Washington Stock Exchange.
N
Evening star., 1932-09-01

1000 insult Util IS 1910. "A A.
5000 Pub Sv No Ill 6lzsN37 90 eS Ga
Bond sales today, sic, 000
The Washington times., 1932-08-23
COTTON MOVES
Up 5 To 6
POINTS

NEW YORK, Aug. %. GNSJ
Cotton futures continued their
forward progress in fairly active
trading today, with all months
again moving up into new high
ground.
Substantial trade-buying orders
we're executed. Brokers with Jap
anese connections bought october
and January. A good demand
came from commission houses
and outside buying in general
increased.
Cooperative brokers sold OCto.
ber, but made corresponding pur.
chases in May. Most of the
offerings came from houses with
Southern connections. Observers
reported hedge sales as light,
however. Local traders sold for
a reaction.
Midday prices were up to s
points. with october up 6 at
IT'S, December up 6 at 7.93, Janu.
ary up 5 at 7.99, March up 5 at
8.15, and May up at $50.
The Washington times., 1932-08-23
BUILDING LOAN
PARLEY NEARS

Franklin w. Fort, chairman Of
the Federal Home Loan Bank
board. probably will accompany
the Washington delegation to the
United States Building and Loan
League three-day convention open
ing at French Lick, Ind, Septem.
ber l, where he is scheduled for
speech.
There are II building loan group
members of the leagues local
council, which will be represented
at French Lick by Carl J. Berg
mann, vice president; William S.
Quinter, secretary, and C. Clinton
James, past president. Mr..
Quinter is a member of the ma
tional executive committee of the
league.
The home loan bank law and
policies to be pursued by the
board under Mr.. Fort will be
principal subject of discussion by
the convention,
The Washington times., 1932-08-23
AD DVANCE
. CONTINUES IN
!. FULL SWING .
BY MUNROE ROBERTS

NEW YORK, Aug. % GN.S).
The bond market forged ahead
today and extended yesterdays
advance, which was one of the
sharpest in recent years and car
ried the average prices to a new
high for the year.
Less than three months agr the
bond market reached a level lower
than any since the start of the
World War.
Railroad obligations were again
In the forefront. Baltimore and
Ohio convertible 412s of 1860
up at 50l2, Chicago and North
western 434s gained 1A at 361a,
Missouri Pacific SIS Of 1877 soi1
down % at "A, but the 51as of 1949
gained y at 301a.
:. Southern Pacific 4l2s of 81 sold
UP p to 65, the Southern Railway
As of 1856 jumped 124 points to
44B.
Wire Company bonds were
steady with the Western Union
615s of 1886 holding at 9112,
compared with a low of so earlier
this summer.
The overseas list was generally
quiet and firm.
The Washington times., 1932-08-23
STRONG
AND HIGHER

CHICAGO, Aug. % G.N.S0-
Grains were moderately higher in
fairly active early trading today.
Strength in cables and firm
ness in stocks inspired good buy
ing of wheat futures and carried
prices up 34c.
Other cereals also received
good support, corn ruling ls to
2sc up, oats l4c higher and rye
tl2 to 7sc advanced.
Liverpool was % to l2d higher
than due owing to light receipts
and decreasing stocks. Winnipeg
also displayed strength.
September wheat reached 511sc
here and December 5434. May
corn was up to 37c.
The Washington times., 1932-08-23
CHICAGO LIVESTOCK

CHICAGO. Aug. % GN.s.).-Hogs:
10000; 5@1Oc lower Top. $4.75: bulk.
$410@46o; heavy $42O@450; medium,
$3.50 LIS: light, S4.50@475: light
@3,s5; pigs, s375@425; holdovers.
5000
Cattle-7,OOO; steady. Calves. 1000:
steady Beef steers: Good and choice,
*50 9.85; common and medium, $69S;
Heifers. &4ms; COWS, S2.4OG5; bulls.
&2.75@4: calves. $45o@75O: feeder
steers. s45O@6.25: stocker steers san
5.75; stocker cows and heifers, $50
$50
Sheep-10,o 900: steady. Lambs, s. sN
$3.50; common. &4@5: yearlings a49
475; feeders, &3.7504.75; ewes. SlR2.50.
The Washington times., 1932-08-23
DAIRY PRODUCTS

CHICAGO, Aug. 23 UN.sD.-Ruttor:
Receipts, 11,139 tubs; creamery extras.
1870; standards, 1shc; extra firss.
1715 @1sc; frsts' 16ia 617c; packing
stock. 10c; specials, 19919hc.
Eggs-Receipts 6,s57 cases; ordinary
current receipts 13016c; fresh graded
firsts, less than cars, 1910; cars,
17hc; dirties. 10013c; checks, 10
@11hc.
Cheesc-Young Americas and long
horns, 1874 014c; brick, fancy, lie;
daisies and prints, 13% q lac; twins
l 3 l. n q 2,
The Washington times., 1932-08-23
Enreipn
CLOTH DEMAND GOOD

NEW YORK. Aug. % G.N.SO.-The
coarse yarn market today showed good
activity in a wide range and buying
from numerous types of users was
reported In print cloths there was a
definitely stronger sentiment, although
few price advances we're made. A
number Of constructions now were
available in only limited Centers at
prices which had heen very general
az the close of last week. Other
constructions which previously had
been inactive at higher prices moved
at these levels in good volume today,
The Washington times., 1932-08-23
NAVAL STORES

NEW YORK, Aug % GNs).-
Petroleum firm Crude Penn 152a
2o2. Linssed OIL car lots. Sc. Tur-
pentine firm 421a. Rosin firm. com
mon, $50.
The Washington times., 1932-08-23

VanaNa
New York funds in Montreal, 125
premium a t $1,000.
Montreal funds in New York, 1o5 dis
count at $1,000
The Washington times., 1932-08-23
WASHINGTON STOCKS
SALES

SALES
Anacostia and Potomac r. R.
Guar. IS, $1,O0O@8912.
Potomac Electric Cons. IS,
$1,000@103.
Capital Traction Company, 10
CT.
After call
Potomac Electric 512s pfd., SO
lO3L.
The Washington times., 1932-08-23

-.oIiC tL.It GSOIIoS toIo "a
Amer Tel & Tel 4l3s go, HOSP IO6h
Am Tel e. Tel C'tl Tt IS. .I1o814 u.,,.
Anacostia & Pot r 5s. AZ 50
Ana & Pot Guar 5s ....l SE 95
& P Tel of Va 5s......i1O1 1...
Cap Traction r r 5s ...I 49t2I 81
City e Suburban 5s ......I AZ ...,
Georgetown Gas 1st 5s.....10O ,,,.,
Potomac Elec Cons IS ....1021a .....
Potomac Elec IS 'S3....t1O7 .....
Wash Alex & Mt V Ctf.I .,,
Washing ton Gas AIS .... a7 9s
Washington Gas SIS ...l1O1 ...
Wash Gas Is series ...I 9912 lOOia
Wash Gas 6s series B ....I1O2 I.,...
Wash Ry & Elec 4s.......I S1H SO
Miscellaneous Bonds
Barber & Ross Inc SIS - 50 L.,.
Chevy Chase Club 512s ..1OO1S
Col Country Club 5i2s ..I1OO IO3
d c Paper Mfg Gs .... Is ..
w NJ Cold Storage SIS ..f % ...
Public Utility stocks
Amer Tel & Tel .....,..l1121. 80.
Capital Traction .......... Z ~
Wash Gas 1t Co ...,.. 6O G5
& W Steamboat 1OO 1c5
"Pot EIec Power Gs rfHiOS
'Pot Elec Pwr 5Rs pfl1O2
Wash Ry & FL com ...1o2O ...
Wash Ry & FL pf....... S31-5 s.,
'EE dividend.