davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-02-11
Decline Continues
In Electric Output

The production of electricity by
the electric light and power in.
dustry of the United States for
the week ended Saturday, Febru-
ary 6, was S,853,0OO kilowatt-
hours, according to the National
Electric Light Association.
The Atlantic seaboard shows
a decrease of IL per cent from
the corresponding week last year
and New England, taken alone,
shows decrease of 2.3 PEI cent.
The central industrial region,
outlined by Buffalo. Pittsburgh,
Cincinnati, st. Louis and Mil
waukee, registers, as a whole, a
decrease of 7.8 per GEN., while
the Chicago district alone shows
a decrease of 3.5. The Pacific
coast shows a decline of 5.5 per
cent below last year.
The Washington times., 1932-02-11
UTILITIES
! LEAD RALLY

NEW YORK, Feb. II G.N.SO.
The curb market staged it's most
vigorous rally in weeks in to-
days session, as overnight an
nouncement of new Administra-
ton measures to combat della.
ton influenced a well-nigh spec
tacular upturn in stocks.
' Commonwealth Edison took the
role of leader in the utility group,
pushing ahead to 1852 for a
gain Of 29s points. Other out
standing performers in this group
were American Gas and Electric,
which was up 11a points at "a.
The speciality group ran up in
sensational manner under the
leadership Of Aluminium which
Spurted up almost s points to
51A.
Oils were moderately higher,
with gains averaging somewhat
less than a point each chalked
up by Gulf, Humble, Standard
of Indiana and Standard of Ken
lucky.
National bond and share came
to life in the investment trust
list with a run-up of 112 points
to 81. Other issues to rule in
good demand included insult
Utility investments, Pennroad and
United Founders.
The Washington times., 1932-02-11
PAYMENT
SEEN AS BEST
TRADE SIGN
BY LEWIS HANEY
director Of Ne,o York University
Bureau of Business ReSedrch)

Bureau Of Business Resedrch)
Until there are definite indica-
tions Of business recovery, stocks
have little chance of any sus-
tanned gain. You can't make
business good by marking up
stocks.
OF course, 1t remains true that
there might come an inflationary
rise in stocks, based on a depre-
citation in the dollar, but that
possibility probably lies quite a
bit in the future.
Debt Payment Key
So what about business?
The key to good business will
be found in the liquidation of
debts. Those who are heavily in
debt cannot buy much. At the
same time, the creditors funds
are tied up, and the general basis
Of credit is restricted.
Sound economists, therefore, re-
gard the liquidation that, is still
going on as remedia process.
They know that you can't borrow
yourself out of debt.
Security Loans Worst
The most troublesome kind of
debt has probably been the secu-
rity loan. Such loans are still alb
normally large, but they are being
steadily reduced.
Last week, the reporting mem.
ber banks showed a decline of
$22, ,000, 900 in their security loans.
Brokers loans are nearly as low
as they can be expected to get.
Unfortunately, as debts are set.
tied, many people are being forced
to draw on their savings. The
time deposits" of the reporting
banks fell $25, ZOO. 900 last week.
Savings Declining
In some sections, saving de-
posits have declined. Loans on
Insurance policies have increased
All this reduces peoples power to
buy in the future.
But, while I cannot prove it,
think that debts have been re-
duced faster than savings. This
is true of the most troublesome
kind of debts at least. Certainly
the bank loans on securities have
fallen more than time deposits
during the past year.
Spending Less
I think that, aside from those
in distress, people are saving
more and spending less. In time,
the balance between savings and
spending or investment will be
restored.
Then sound business recovery
can begin.
The Washington times., 1932-02-11
RAIL STRENGTH
MAIN HOPE IN
MARKET
By WALL STREET SPECTATOR

BY WALL STREET SPECTATOR
NEW YORK, Feb. II dNS0.
While the industrial average yes
terday slipped further down, the
Dow-Jones rail average inter
rupted its seven-day decline to
record a modest upturn.
While the failure OF the tally
in evidence around midday yes
terday has increased the gen
orally pessimistic ttitude of
traders the appearance Of ag
gressive buying demand in the
carrier division is suggestive Of
better things.
Rail Average Safe
Although the industrial aver
ages in the Dow-Jones tabulation
are still slightly above their pre-
vious lows the Standard Statistics
Industrial Index has already pen
etrated into new low ground.
The standing of the carriers is
still a safe distance above the
former lows, in both computa'
tions. If the rails are able to
disregard liquidation that may de-
velop in other sections o. the
market there is definite confir-
nation of the theory held by
many that the backbone of the
major decline has been broken.
Admitting that business indices
fail to show any improvement to
warrant corresponding betterment
in stock prices. there is grow
ing belief that aggressive bust
ness stimulation in the immediate
future cannot be avoided.
May Take Time
It is held that while it may
take several weeks for special
Government agencies to begin
functioning, there is definite
program in the making, whether
regarded as initiation, anti-defla-
ton. or readjustment, which will
serve to bring about a greater
feeling of confidence in the bust
ness world.
When that time comes it hardly
seems possible that present mar
ket quotations will still be avail
able.
The Washington times., 1932-02-11
GRAIN HEARING
To REOPEN

The Interstate Commerce Com.
mission has decided to reopen for
further consideration and rehear-
ing the so-called Western grain
rate case, in which it ordered sub
stantia' reduction in freight rates
on grain and grain products in
the western territory.
These new rates we're to have
gone into effect on August l last,
but on appeal to the United
Sta3,s Supreme Court by the rail
roads affected. the court held that
roads were entitled to recon
sideration of the issues involved in
view of changed conditions.
The Washington times., 1932-02-11
Atlantic e Pacific
Sales Din for Month

Great Atlantic and Pacific Tea
Co. sales for the four weeks ended
January 80 were $68,986, 500, COM
pared with $78,814.870 for the
same period in 1881, a decrease
of $9,848,271 or. 1875 per cent.
January sales, expressed in tons,
were 395, ,428 this year, compared
with 410,607 in January, 1881, a
decrease in quantity of merchan-
disc sold of 1879 tons, or 81 per
cent.
The Washington times., 1932-02-11
MOhaIUk Concerts
Loss to Net Profit

Revealing a net operating profit
for the year 1881 amounting to
$310.673.02 with a net addition to
surplus for the year of $165, ,424.63,
despite an increase in the charges
for depreciation of $4,000 the
annual financial statement of the
Mohawk Carpet Mills was issued
today to stockholders.
Contrasted with an operating
loss in 1880 of 100000 and de-
ductions from surplus for that
year of $1,561 ,O37, the statements
should be highly encouraging to
the stockholders,
The Washington times., 1932-02-11
Guardian Reports
Assets Are Hiqher

A net increase in assets of more
than 8 per cent and gain in
insurance in force equivalent to
20 per cent of the years paid
production during 1881, are re-
ported by the Guardian Life In
surance Company of America in
its seventy-second annual report
made public yesterday.
Surplus earnings exceeding 81
900 900. likewise, established a new
high record which is attributed
to an exceptionally favorable NOR
tality experience as well as in
vestment and managerial policies
pursued by the company.
The Washington times., 1932-02-11
MUTUAL SHOWS
1881 GAINS

The Mutual Life Insurance Co.
of New York, the first in America
to operate on the legal reserve
mutual plan of life insurance, re.
ports for the year 1881 notable
gains in spite of general adverse
business conditions.
The company's total income for
the year was $234,925, 900 .66. and
the total of disbursements was
$183,272,515.60, the income exceed
ing the outgo by $51,653,3S5.06.
The admitted assets increased
$54,039,556. The assets on Decem'
ber 81, 1881, were 81, LOG, ,236,049
The Washington times., 1932-02-11

Many Automobile Repair Services ara
Ilsted today in the Business Service
The Washington times., 1932-02-11
SdfeIUGys January
Business Increased

Safeway Stores, Inc, reporting
for the first time upon the basis
of periods of four weeks instead
of upon the calendar months as
heretofore, and including only
continuing stores acquired during
the past year. had sales of $18,-
56O,312.9O for the four weeks
ended January 80.
This is an increase of 18 per
cent, compared with SIS, $3.50, ,384 .36
for the four weeks ended January
81, 1881.
The Washington times., 1932-02-11

Classified advertising is an indispensable
part of every real newspaper. They, too,
render an admirable service to mankind.
For through their use the average business
man, as we'll as the individual, is able to
advertise his service to the mass of people
which he must reach in order to remain in
business.
In Washington The Morning Herald and
Evening Times Want Ads are a mighty
force for business builders. They offer Wash"
ingtOnians their GREATEST opportunity
to reach Washington's LARGEST classified
leadership. A combined morning and evening
circulation =. for ONE advertising price.
The Washington times., 1932-02-11
USUAL DIVIDENDS

Usual quarterly dividends of
$1.62R per share on the 61a per
cent preferred and 80 cents per
share on the common shares
have been declared by City Ice
and Fuel Company, which
operates in 26 states and in
Canada.
The Washington times., 1932-02-11

1V1EN build bridges and locomotives,
ships and wharves, factories and ware
houses because these things serve Them.
Institutions are measured by their service
to mankind. Steel rails and copper wires
have stretched to every nook and corner of
the world not because the railroad and tele-
phone are marvellous inventions but because
they give immediate and admirable service.
Of all institutions most closely linked
with the lives of men and women, more use
to them and more value than any other,
more helpful, more far-reaching and more
potent in it's results, is good newspaper,
a component part of which is it's Classified
advertising columns.
The Washington times., 1932-02-11
CHEEKY Notes
On Business

Mutual Life of New York
reports big year.
Mohawk Mills supplant loss
by profit.
Sideways January sales
take big jump.
Guardian Insurance assets
are increased.
The Washington times., 1932-02-11
Kentucky Tobacco
Crop Up IS Per Cent

Production of tobacco in Ken
lucky in 1881 was 502,565, 900
pounds, a 35 per cent increase
over the 372, 900 pounds pro-
duced in the State in 1880, and
So per cent more than the
States average annual produc
ton,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-08
Huntington Bank Deposits Rise

HUNTINGTON, Ind, April 8.-An
increase of 100000 has been report
ed in Huntington bank deposits since
start of the national withdrawing
campaign, according to Paul Jay,
county chairman. The campaign
will be continued indefinitely here,
Jay said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-08
ART SAYS:

W l t h h / S
choice n a r
rowed down
to six appli-
cants for the
wife job, the
m al rying j..
P. of Evans
ton, Illinois,
a t t e n ded a
wre S tin G
m a t c h the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-08
Three Now Dead
Lowther further charges:


Said cancellation was unauthor-
lied and fraud upon the bank, it's
depositors and creditors, and
amounted to a gift of the assets
of the bank to third persons and
resulted in depletion of assets to
the amount Of $137,500.
Since the bank closed, John T..
Appel, Robert I. Todd and A. c..
Kimberlin died.
Lowther today also filed a suit to
reopen the Appel estate in an eff
fort to recover decedent's contribu-
ton in the note and securities. Pre-
viously the receiver had won a vic
tory in the Indiana supreme court
which recognized the claim of the
bank upon the estate. Settlement
of the Todd estate is pending. The
Kimberlin estate has been settled
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-08

other evening. Maybe he was
preparing for the worst.
We don't know whether
there's any connection to
this but we read that at
an outdoor rally Mrs. Jones
won the 75-yard rolling pin
throw, while Mr.. Jones
won the hundred-yard dash.
1t may interest you to know
that in addition to Miller
Tires we sell a complete line
Of Miller accessories which
include Fan Belts, Radiator
Hose, Floor Mats, Running
Board Mating, Top Paint,
Top Dressing, Tube Repair
Kits, Friction Tape, Tire
Paint, Gasket and Tube &C.
ment, and many other items
that you can use in the clean
up, paint-up and fix-up cam
paign on your car.
n
An elephant that drank a
pint fell down and broke a
leg, and probably was OBJ
SeSsed by little pink eIe-
plants Is further proof
that too much liquor doesn't
give man a leg to stand on.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-08
FRAUD ALLEGED
PRIOR TO WILD
BANKS CLOSING
Receiver Files Petition for
Right to Sue on
PromiSSory Notes.

Charges that fraud was perpe-
trated on April /, 1921, several years
preceding the closing of the j. F.
Wild g. Co. state bank, Richard L.
Lowther, receiver, today filed petit
ton in probate court asking per-
mission from Judge Smiley N.
Chambers TO file a suit against the
makers of promissory notes payable
TO the bank, which, he asserts, we're
charged off, resulting in depletion Of
assets.
The receivers petition recites that
about April IS, 1921, officials Of the
state banking department threat
ened TO close the Wild bank and
delivered an ultimatum that such
action would be taken unless the
surplus and undivided profits funds
we're replenished.
The bank was closed in July, 1927
Notes Were Signed
To meet the situation, $137,5OO
apparently was contributed by sign
ers of promissory notes payable to
the bank and listed as follows in
the petition:
John J. Appel, note for $4,000
and further contribution of
s27,500 represented in stocks and
other securities; Robert I. Todd,
$4,000; Henry H. Hornbrook,
s17,5OO; Albert P. Smith, $500; S.
E. Rauh, $12,500; A. C. Kimberlin,
S12,500, and Fred Appel, $4,000.
These notes, Lowther asserts, were
delivered to j. F. Wild, president of
the bank and chairman of its board
of directors and entered as a part of
the assets.
Subsequently" the petition con-
tinues, "the said Wild or some
other officer of the bank, unknown
to the receiver, from time to time
returned the said notes to the
makers thereof, all without author
ity, right or cause"
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01

FOR RENT-Newly decorated three
room apartment with bath and
kitchenette. Also three room office
space. Ideal location for beauty
shop. Rent reasonable. Inquire at
Sweet Shop.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01

FOR RENT-Desirable 2 room fur
nished apartment in modern house.
Price reduced for summer months.
Call at 812 Ave. B.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
Tribune's Grain, Livestock and
Market Report for We'd, June 1
BUYING POWER IS
ABSENT ANDCRAIN
PRICES ARE LOWER
Senate Adoption Of Tax In
crease on Traders Brings
Bitter Comment

Chicago. June 1.-tR-Buying
power gave out In grain markets
Wednesday. and wheat fell to the
lowest levels In some time. with corn
touching bottoms unequaled since
1897.
Senate adoption of proposals to in
crease taxes on produce exchange
transactions 400 per cent tended to
make buyers scarce and led to much
bitter comment on the part OF trad
ers. Price downturns were in the face
Of unofficial crop reports indicating
that 1882 domestic wheat yields would
total only 683, 100000 bushels COM
pared with 1000 900 in 1881.
Wheat closed unstable, l to 2 cents
under Tuesdays finish, July old IS
ID to So; Sept. old 81 "a to 7-8.
Corn l IL to 2 down, July 20 to %
l-8: Sept. 81 So to 3-4. Oats 10
to ga Oft, and provisions unchanged
to 10 lower influenced late by breaks
In cereals and securities.
Active selling broke out in the
wheat market after the private crop
reports were issued. The result was
to tumble prices down quickly about
two cents bushel from top prices.
Selling was largely for a leading spe-
culator and disclosed that for the time
being the market was without any ag-
gressive support although the private
crop estimates indicated 100000
bushels less winter wheat production
than did the governments May re-
port.
The average probable yield of do
nestle winter wheat was unofficially
given as 433 100000 bushels and do
nestle spring wheat as $4,000 900
United States spring wheat acreage
was figured by one authority as show
ing 9.5 decrease as compared with Of
fioial planting intentions. Another Of
the experts said that only once before
in more than 80 years have winter
wheat condition been lower than this
year, 67.8 per cent. Corn and oats de-
clined with wheat, corn outdoing the
seasons low price record.
Provisions reflected upturns in hog
values.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
Livestock
SOUTH ST. PAUL LIVESTOCK

-
South st. Paul, June l.-(P(-Cat-
tie 1000: steers and yearlings steady;
several loads and new part LOADS
yearlings held upward from 500; BULK
100000; beef COWS 100000; one load
at latter price: butcher heifers 4OO-
500: yearlings to $50; cutters Low
ESQ; medium grade bulls dull, 40
down: feeders and stockers slow. ABOUT
steady. Calves 1900; vealers weak 10
50 lower; medium to choice grades
largely 3.5O-5.50; closely sorted SPAR
ingly to 600.
Hogs $500; hog market fairly actiVe'
strong to 10 higher; better 17O-25O IDS,
3.0O-l5: top 3.15; for sorted l6o-2So
lbs; 250-35O lbs. 10000; sorted l4U-
100 lbs, 2.75-3.15; bulk sows 2.2o-oO;
bulk pigs ESQ; average cost TUESDAY
2.73; weight 243 lbs. for month OF
May, average cost 2.94; weight 2s7 IDS.
Sheep 600: 800 direct; one load
shorn yearlings held over; few SAFES
and bids on lambs and yearlings
steady with Tuesday; few choice ne"
crop lambs 6.00
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
SELLING FOLLOWS
SWIFT REBOUND IN
NEW YORK MARKET
Stocks Show Strength at Open.
ing But Are Pounded Down
in Later Trading

New York, June 1.-(P)-A swift re-
bound in the stock market Wednesday
only invited fresh liquidation which
eventually drove several leading
shares back into new low ground.
While the militant drive in con-
gress to balance the budget was hail
ed in leading banking circles as high
ly constructive, various financial quar-
tiers were obviously disappointed over
the measures adopted by the senate
to raise the necessary revenues and
selling from impaired collateral loan
accounts at banks and from other
sources quickly depressed the market
after furry of short covering at the
start had swept prices up to 5 points.
The Utilities were sold In consider
able volume for time around midday,
but the list steadied little in the
early afternoon. Five-point advances
in American Can and Santa Fe were
largely lost American Telephone
converted a 3-point rise into 2
point loss. U. s. Steel rose a, then
slipped back to sell fractionally into
new low ground. Consolidated Gas
rose nearly 8, then dropped about 4
from the top. American Tobacco "B"
rose 4, then dropped more than 6
from the top. Miscellaneous issues
showing losses of a point or SO by al
ternoon included standard of Califor-
mia, Sears Roebuck. United Gas i'm
provement, Hershey Colgate Palm
olive, and Western Union.
The morning gains of to point;
were largely lost at the finish AMI
several issues closed about to un-
der Tuesdays final prices. The clos
ing tone was heavy. The turnove:
appropriated 100000 shares.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
MINNEAPOLIS FUTURES
FEEL GENERAL WEAKNESS

Minneapolis, June 1.-(P)-The tax
makers at Washington had more in
fluence in grain markets Wednesday
than anything else and prices bumped
lower.
Stop-loss selling hit the corn mar
ket on account of wheat weakness and
the coarse grain list turned off weak.
Rye and flax futures were especially
weak.
July wheat closed lac lower and
September 1l2c lower July oats at
the close was nc lower and Septem-
Der &c lower.
The closing for July rye was 2%c
lower and September Csc lower. July
barley closed 1Kc lower and Septem-
Der 1Ssc lower. July flax was &c low
err and September 1c lower.
Cash wheat receipts were fairly IL
beral and demand quiet to slow. Tone
was hazy compared with futures.
Durum wheat was sluggish and un-
changed. Winter wheat was nominal
ly unchanged but hard to quote be-
cause of the scarcity of offers.
Cash corn tone was steady and de-
mand quiet. Oats was slower and
weaker unless of choice quality. Rye
demand was quiet to fair. Barley de-
mand was quiet to fair, good mailing
quality being wanted. Flax demand
was slow.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
DULUTH CASH GRAIN

Duluth, Mimi, June 1.-iF1-Clos-
ing cash prices: Wheat, No. l dark
northern So to 70; No. 2 do. 81 to ";
No. 3 do. 81 to 76; No. northern 63
to 78; No. 2 do. 81 to II; No. amber
durum IS ga to 10 ga; No. 2 do. 81
ga to II ga; No. durum So 3-4 to
SIS 3-4; No. do. 81 3-4 to So 3-4;
No. l mixed durum 81 ga to SO 3-4;
No. 2 do. 48 ga to SO ga; No. ! red
durum 47.3-4 to AZ ga.
Flax on track LA 1-8 to 1.16 1-8;
to arrive LA 1-3; July LA l-8; Sept
l.l2 ID; Dec. LA IA.
Oats. No. white % Ia to % 1-8.
No. l rye 33 Id to "a 1-8.
Barley. choice to fancy 35 1-8 to 38
1-8; medium to good 26 1-8 to "a Ia.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-01
CHICAGO

Chicago. June 1.-(AP-U. s. d.
A1-Hogs 10000 including 1000 d.
rect: active, strong to 10 higher; 17O
to 220 lbs. $40 to $50: top 3.55; 230
to $50 lbs. $3.50 to $40; 26o to 32O
lbs. 3.l5 to $50; 140 to 16O IDS. 3Uo
to 3.25: pigs 2.75 to 800; packing
sows $50 to 2.90, -.
Light lights good and choice 14o
TO 100 lbs. 300 to 3.35; light weight
100 to 200 lbs. 800 to 355; medium
weight 200 to $50 lbs. $50 to 355;
heavy weight $50 to $50 lbs. 800 to
$40: packing sows medium and good
275 to 500 lbs. ESQ to 200; pigs good
and choice 100 to 1870 lbs. 2.65 to $40
Cattle 5000; calves 1000: fed steers
and long yearlings strong to Is high
err, mostly strong, with market mucn
more active than yesterday; light
heifer and mixed yearlings slow
steady to weak; early top long year.
lings TAO; weighty offerings 7.25;
bulk $50 to TOO; others steady.
Slaughter cattle and vealers: steers
good and choice 600 to 900 lbs. 5.8s
to 7.50; 900 to HOO lbs. 600 to IT'S;
100 to 1900 lbs. 600 to IT'S; 1906
to 1900 lbs. 6.25 to IT'S; common
and medium 600 to 1900 lbs. 4.25 tc
6.25: heifers good and choice $50 tt
$50 lbs. 500 to 600; common and
medium 3.75 to 500; COWS good and
choice 3.75 to ATS; common ano
medium 2.85 to 3.75; low cutter and
cutter 125 to 285; bulls (yearlings
excluded good and choice (beeO 2.75
to 3.75; cutter to medium 200 to 2.75
Vealers milk fed good and choice
$50 to $50; medium AIS to 500;
Gull and common 800 to ATS.
Stocker and feeder cattle: steers
good and choice 500 to 1850 lbs. ATE
to 600; common and medium 3.75
to ATS.
Sheep 5000; mostly steady with
higher tendency; good to choice ma
tive eve and wether lambs 600 tc
6.25; few closely sorted lambs $50 to
CTS to city butchers; best held high
er; shorn yearlings $50 to SIS; light
weight ewes 200.
Slaughter sheep and lambs: lambs
80 lbs. down good and choice 600 tc
CTS; medium 525 to 600. All weights
common 400 to 5.25: ewes 80 to Isl
lbs. medium to choice 100 to 2.25
all weights Gull and common so tc
Its.