davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-12-25
INDUSTRIAL OUTPUT
DROPS IN NOVEMBER
More Than Seasonal Decline Is Re.
ported in Monty Reserve
Board Bulletin.
By the Associated Press.

By the Associated Press.
Industrial activity declined In No
vember by somewhat more than the
usual seasonal amount" as the trend
was computed by the Federal Reserve
Board In its monthly bulletin of general
business and financial conditions.
Changes in factory employment and
pay rolls, reported for the middle OF the
month, were largely seasonal In charac-
ter.
The volume tof industrial production.
as measured by the boards seasonally
adjusted index, declined from Sc per
cent of the 1923-25 average in October
to IS per cent in November, compared
with a low level of SO per cent in July
Output Of woolen mills, silk mills, and
shoe factories declined during the
month from the relatively high levels
of the Autumn, while cotton mills con-
tinued active. Lumber production de-
clined by considerably more than the
seasonal amount Steel production de-
creased during November and the first
three weeks of December. while auto
mobile output increased considerably In
connection with the introduction of
new models
The number employed at factories
declined somewhat from October to No
vember, rejecting in large part develop
ments Of q seasonal character. Working
forces in the woolen. silk. shoe and
canning industries were reduced, while
at car building shops and at factories
producing automobiles and farm tmple-
lnents there were increases In employ
ment.
Evening star., 1932-12-25
CHART READERS SEE
REASSURING SIGNS
Ability of Market to Hold Above
the Recent Triple Bottom
Causes Comment.
By the Associated Press.


NEW YORK, December 24-From
the standpoint Of the chart readers and
other technical students Of the markets
trend, the fact that stocks this week
held slightly above the triple bottom
formed by the lows of October 10. No
vember and December was regarded
Q reassuring indicat ton.
The fact that the last week Of De-
cember has usually in the past wit
messed an upward market trend no
doubt led to a moderate covering move
ment today, although some buying
based on the prospect of slightly higher
industrial output after the turn Of the
year probably played a part in the
slightly firmer tone. Even though the
reopening Of factories after January l
and the usual reports Of heavier en-
ployment at that time represent in
part a normal rebound from the holi-
day curtailment, they nevertheless i'm
part o measure Of speculative interest
which generally finds reflection IN a
rising market trend.
Evening star., 1932-12-25
GRAIN TRADE MENACED
BY TARIFF RULINGS
Special Dispatch to The Star.

Special Dispatch to The Star
BALTIMORE, December 24.-Tarih
rulings by Great Britain threaten to
empty Baltimore's three grain elevators,
which represent a $15.000.0O0 invest
ment, according to G. Stewart Hender-
son. traffic manager Of the Baltimore
Chamber of Commerce.
Mr.. Henderson added ruling by
British customs authorities In London
on q test case involving the right OF
Canadian wheat to tariff preference
when shipped to England via United
States ports will prevent revival OF Ca
madam grain trade through Baltimore
unless some system for through bill
of lading can be worked out.
"At the present rate" Mr.. Hender-
son said. ut looks as though Balti-
more's three grain elevators will be
empty by the end of the month. They
now have only about 100000 bushels
between them and what little there is
here is Farm Board wheat. which Is go
ing out to Brazil this month. What
will be left is stored for nearby farmers
and shippers"
@. H. Pouder. director of the Export
and Import Bureau, said Canadian
shippers are seeking to work out q plan
under which the restriction will not
apply.
Evening star., 1932-12-25
DUCKETT ON Committee
STUDY BANK LAWS
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, December at. How
ard Duckett Of the Prince Georges Bank
q Trust Co. Of Hyattsvtlle Is a member
Of the committee appointed by Gov.
Ritchie to study the State banking laws
and recommend changes for possible ac-
ton at the next session Of the Legis-
lature.
The other members Of the commit
tee are John j. Nelligan, Safe Deposit
u Trust Co.; Howard Bruce, Baltimore
Trust Co.; A. H. s. Post, Mercantile
Trust Co.; Charles e. Rieman, Western
National Bank; Austin McLanahan,
Savings Bank of Baltimore; B. Howell
Griswoid, jr., Alexander Brown & Sons;
Jacob France, Equitable Trust Co.;
Hugh A. MCMILLAN, Cumberland, Lib
erty Trust Co., and Hooper S. Miles,
Salisbury, Eastern Shore Trust Co.
Evening star., 1932-12-25
Danville Banks Pay Dividends.

DANVHLE. Va, December ~ (Spe-
ciaD .-Danville' two banks, the First
National and the American National,
will pay out $42 900 the first Of the year
a ~ per cent semi-annual dividend on
$500 900 stock, or t36,000, while the
American National declared 2 per cent
semi-annual dividend amounting to
$4,000 on 100000 stock.
Evening star., 1932-12-25
Holiday Business
Shows Sharp Cain
In Last Five Days
Retail and Wholesale
Firms Report Better Sales
Than Had Been Expected.
Special Dispatch to The Star.

opecldI DISpAtcn 10 Inc 6teI.
NEW YORK. December 24-Christ-
mas shopping and cold weather brought
about an avalanche of belated buying
both retail and wholesale, in the Ma
tion's markets the last five days. As a
result, holiday business was better than
had been anticipated.
The combined effects Of these pur-
chases lifted average retail trade figures
this week fully per cent. with some in
dividual items. such as Winter cloth
ingLfurs, heavy coats, sweaters, woolen
underwear, hosiery, shoes. rubbers
mems suits and overcoats-and heaters
and accessories sales considerably more
than double that amount this week.
The quickened movement Of more ex-
pensive goods, jewelry, rugs, furniture
and radios, likewise heartened mer-
chants in many sections Meanwhile
wholesalers here and in other leading
centers today reported unexpected rush
orders for holiday novelties and toys
and flll-in orders for heavy blankets.
shoes and rubbers, along with sharp
spurts in purchases Of skates, sleds and
skis
(copyright. 1887
Evening star., 1932-12-25
WHOLESALE PRICE INDEX
SHOWS SLIGHT DECLINE
BY the Associated Press.

BY the Associated Press.
The general average of wholesale
prices Is now at a level slightly below
that prevailing before the advance that
occurred last Summer.
During early November the general
level of commodity prices advanced
somewhat, rejecting chiefly increases
in prices of domestic agricultural prod
ucts. In the latter part of the month,
however, prices of live stock, cotton
and grain declined considerably, and
during the first three weeks OF Decem-
ber further declines in live stock prices
were reported.
By the third week of December
prices Of textiles, copper and silver, as
well as of live stock, were substantially
lower than in the middle of November.
Evening star., 1932-12-25
BRITISH DEBT PAYMENT
SMELLS GOLD IMPORTS
BY the Associated Press.

BY the Associated Press.
NEW YORK, December 24.-Gold
transfers today reflected further steps
in the monetary adjustments growing
out of Great Britain's war debt INSTALL
ment on December Is. The New York
Federal Reserve Bank reported imports
of $7532,1 100 from England, following
yesterdays imports from that country
of more than 100000.
Additional imports amounting to
ST. 400 from India were also listed
There were no exports or net change in
gold earmarked for foreign account.
The bank also reported further imports
as of Friday consisting of $2,808,500
from France, s2,653,900 from Holland,
and $4,000 from Mexico.
Evening star., 1932-12-25
General Motors Pay Roll Gains.

NEW YORK, December a. F.-
General Motors Corporation has an
nounced that the number Of Its en-
ployes In the United States had In
creased 1918 IN November, the third
consecutive monthly gain. The total
increase for that period was 1875.
Although this reflects seasonal In
huenoe, the company said 1t was .
larger gain than occurred In the same
three months last year.
Evening star., 1932-12-25
CHICAGO DAIRY MARKET.

CHICAGO, December "a P.-But-
ter-Receipts, 8,46S tubs; steady; cream
cry specials (s3 score), 22ha23k; ex-
tras (92, 22A; extra firsts (sO-9D,
2l1aa22; firsts (S8-89), 20laa2l; Sec
onds (86-8D, 18alel2; standards 600,
centralized carlots), 21%.
Eggs-Receipts, $3.50 cases; steady;
extra hrsts, ace; fresh graded frsts,
26; current receipts, 24lz; refrigerator
nrsts, a; refrigerator extraA ..
Evening star., 1932-12-25
Firm Considers Brewing Business.

NEW YORK, December "a P)-
Directors OF City Ice & Fuel Co. have
appointed q committee Of executives to
study the possibilities Of the brewing
business for the company in the event
sale of beer is legalized. The corpora
ton, it is announced, may expand its
activities to include manufacture and
distribution of beer in larger cities Of
Its territory. The special committee
comprises managers Of the company's
operations In Chicago, st. Louis. Gin
cinnati, Cleveland and Columbus.
Evening star., 1932-12-25
Lynchburg Bank Dividends.

LYNCHBURG, Va, December ~
(SpeciaD Dividends totaling $4,000
have been declared by the three Ma
tiona1 and three State banks here, all
of them being payable January l.
Banks included in the distribution are
Lynchburg Nationa. Bank & Trust Co.,
Peoples National Bank, First National
Bank, Lynchburg Trust d Savings
Banks, Commercial Trust T. Savings
Co. and the Citizens Mutual Industrial
Loan Corporation.
All Of the dividends are at the regular
Evening star., 1932-12-25
FEDERAL RESERVE RATIO.
BY the Associated Press.

BY the Associated Press.
The ratio of total reserves Of the IL
regional banks to deposit and Federal
Reserve note liabilities combined showed
q sharp drop during the week ended
December 21. In the table that fol-
lows the ratio is given for comparable
periods, as announced by the Federal
Reserve board: Week ended December
21, 62.2 per cent; previous week, 63.1
per cent; same week last year, GA
per cent
Evening star., 1932-12-25
LUMBER MILLS REPORT
GAIN IN NEW BUSINESS
Rv tha Annotated Press,

~ tho Associated Press.
A gain of per cent IN new business
was reported by leading lumber mills
to the National Lumber Manufacturers
Association during the week ended De-
cember IT, compared with the low rec
ord Of the previous week
Orders received by the 79l leading
mills amounted to III, ,737000 feet, with
production totaling 86,347,000 feet,
which marked the low point for 1882
The. weeks production was only II
per cent Of capacity while new busi-
ness wa. at the rate of % per cent Of
capacity.
Evening star., 1932-12-25
Unfavorable Dividend Changes.

NEW YORK, December "a R.-
Standard Statistics Co. reports . large
increase in unfavorabie dividend
changes this week. The total was 81
against 20 last week and compared
with a favorable ACtionA
Evening star., 1932-12-25
Millinery Buying Improves.

NEW YORK, December ~ R.-
Dealers In millinery, report . fair
volume Of buying for January sales.
For early Spring the trend Is toward
straw effects, it Is said. Popular priced
styles are being emphasized.
Evening star., 1932-12-25
SILVER QUOTATIONS.

NEW YORK, December "a R.-Bar
silver easy, Y lower at 24H.
Evening star., 1932-12-25

Cotton Exchange Seat Higher.
NEW YORK, December a R.-A
New York CcttaGf Exchange member
ship sold yesterday for $4,000. an in
crease Of $3.50 from the previous sale.
Evening star., 1932-06-05
RENTAL PROBLEMS
TO Be DISCUSSED
Industrial Chiefs Will Con.
slider Tenancy Troubles
in Apartments.
BY F. A. RESCH,
Written for the Associated Press


CHICAGO, June 4.-Leaders in an in
dustry representing $700O,0O0,0 900 worth
of income producing property will meet
in Chicago next week to devise more
efficient methods of managing the Ma
tion's skyscrapers and apartment build
ings.
Scores of new ideas on large-scale
property management will be advanced
June to 10, when the National Asso-
citation of Building Owners and Man
ayers holds its convention here.
Three major problems, all involving
further adjustment of practices to new
economic conditions, are expected to
command the attention of this gather
ing of 500 experts in the field of prop
erty management and finance.
First will be the rental problem, deal
ing principally with the matter of
Stabilizing tenancles. Specialists in this
phase Of the industry are committed to
finding means of reducing huge losses
which have resulted from transient
tenancy.
1t has been found that the interior of
the average city Office building has been
almost completely rebuilt every 10 years
to fit demands of new tenants.
In the field Of operation of dozens Of
types of business structures new meth
ods of lowering costs will be presented,
as we'll as an analyses on the economics
of rehabilitation and remodeling of out
moded office and apartment buildings.
The matter of reorganized financial
set-ups for large business buildings and
control of future Office building produc-
ton will be discussed by men who have
led such activities in recent years.
Special sections will concentrate on a
study of new problems involved in oper-
ations and management Of all styles Of
apartment buildings.
Inspection trips will be made to
Chicago business and apartment struc-
lures which have been cited as out
standing examples Of successful man.
agement.
Evening star., 1932-06-05

says this week that can influence to
which many business men and indus
trialists attribute the dormant state OF
business arises from what they declare
to be the restriction of credit by the
banks" This is said to have done much
ito limit merchandising and to destroy
confidence" The rebuttal of the banker
to such a statement Is that there are
ample accommodations for good bor-
rowers," but that the number Of these
is limited There is truth on both sides
of this controversy, though the strongest
burden of proof in establishing his case
rests on the banker.
Politics Less Disturbing.
The approach of the national conven-
tions will be made this month with less
of the fear and trembling of other
years, for nothing that can be said or
done at Chicago should disturb those
who have gone through the trials of the
last three months. It is equally true
that the events at Lausanne cannot
confuse the European situation much
more than 1t is at present, while there
is always the possibility that 1t may
develop political alliances for the self
preservation of nations that will at least
check the threat of an economic collapse
in Central and Southeastern Europe.
Here again, the sanest policy for the
investor to adopt is one expressing q
faith in the ability of the statesmen Of
England, France and Germany to i'm
prove conditions rather than to spec
ulate on an outcome that would drag
us down to a lower degree of civilization
and to a further breakup Of material
'a'ue'' tooiyr,sha ,s.a,
Evening star., 1932-06-05
TRUCK COMPETITION
OPPOSED BY JOBBERS
Wholesale Fruit and Produce Men
Plan Campaign for Restrictive
Legislation.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, June 4-Members OF
the Wholesale Fruit and Produce job
bers' Association, Inc, are preparing, in
cooperation with allied interests, to
combat truck competition. Arguing
that the competition is unfair, they in
tend to file protests with the city, State
and National Government and to ask
legislation be passed restricting the
truckers, according to w. H. Kirkwood,
jr., president of the association.
At a meeting this week the matter
was discussed by dealers, railroad and
steamship transportation officials and
city executives.
w. R. MacCallum, traffic manager Of
the Pennsylvania Produce Terminal.
one of the speakers, asserted that the
irregularity Of trucking service was
harmful to the produce market, some
times causing it to be glutted.
Among the others who addressed the
meeting were E. S. King, district freight
agent of the Baltimore & Ohio Rail-
road; A. S. Ellis of the Merchants g.
Miners Transportation Co.; Herman
Munich, president of the Maryland
branch of the National League of Com
mission Merchants: Jemes Stevens, vice
president of the Baltimore Fruit and
Produce Association, and A. Burker Of
the Carload Dealers Association.
Evening star., 1932-06-05
INCREASE |NAUTO
PRODUCTION NOTED
Estimated Output for Month
of May Is Nearly 200,-
600 Cars.
BY EDWARD w. MORRISON.
Special Dispatch to The Star

Special Dispatch to The Star.
DETROIT, June 4.-The month of
May fulfilled its promise in the auto
mobile industry of bringing close to
100000 cars of the assembly lines in
the United States and Canada. When
the final figures are tabulated there
may be some variation from these round
numbers, but it will hardly be more
than 10000 units.
Even if no more than 10000 cars
were produced, the increase over April
would be $4,000 units. A year ago May
production was $4,000 units-a fact
which makes the 1882 showing none too
impressive. However, in Detroit, as
elsewhere, previous years are no longer
used as yardstick. 1t is sufficient to
discern in this years figures an upward
curve that should continue for several
months.
OF the May output for the industry,
the Ford Motor Co. accounted for one
third. In fact, the difference between
what the whole industry produced in
April and in May is virtually the diff
ference between the Ford production
totals for those two months.
The best estimates indicate that Ford
produced about $4,000 passenger cars
in May and $4,000 trucks and miscel-
laneous units. Across the border in
Canada, another 1000 units were added
to the total.
Ford probably will turn out about
10000 cars in June. With Chevrolet
and Plymouth maintaining current
levels, industry should produce consid-
erably more than 100000 cars this
month.
THE automobile industry can per-
haps do more to lead the Nation for
ward than any other industrial group
because of the great diversity of its
affiliations" says a bulletin of the
Commercial Credit Corporation, a Ma
tion-wide finance organization. IF it
could take hold of the job in a unified
spirit it would set the Nation an ex-
ample that every looking citi-
zen would feel and profit by.
If the automobile industry is to be
strong enough for leading role in our
industrial recovery its distributors and
portation merchants not merely trans
portation merchants, not merely sales
men for this or that car. They must
sell motor mileage with all that that
involves-the vehicles, accessories and
maintenance required to keep the public
rolling, economically, efficiently, re-
liably, contentedly, to every destina-
tion that motor cars were ever meant to
reach"
Copyright, 1927
Evening star., 1932-06-05

Aubrey G. Lanston, First National Old
Colony Corporation; M. A. Leese, Bank
of Commerce g. Savings; Ernest T.
Love, Chase National Bank.
Mr.. and Mrs. L. F. McLachlen. NC
Lachlen Banking Corporation; Mr.. and
Mrs. j. r. MCMILLAN, Riggs National
Bank; Mr.. and Mrs. Leonard Marbury,
Washington Loan & Trust Co.; Mr..
and Mrs. John F. Maury, Bank of Com
merce g. Savings; Arthur May, National
Bank of Washington; Mr.. and Mrs.
William c. Miller, Riggs National Bank;
Howard Moran, American Security &
Trust Co.; Charles Carroll Morgan, G.
M. P. Murphy & Co.; Nathaniel Mount
ford, Park Savings Bank: Mr.. and Mrs.
Edgar E. Mountjoy. American Bank
ers' Association; Avon M. Nevius, Riggs
National Bank
Other Members of Party.
Henry w. Offutt, Potomac Savings
Bank; Chauncey G. Parker, jr, Riggs
National Bank; Mr. and Mrs. c. H.
Pope, Munsey Trust Co.; Ord Preston,
Union Trust Co.; Mr.. and Mrs. Martin
H. Rittenhouse, American Security g.
Trust Co.; Louis Rothschild, Better
Business Bureau; Miss Mabel v. Royce,
Washington Loan & Trust Co.
Mr.. and Mrs. Andrew Saul, Columbia
National Bank; Mr.. and Mrs. Frederick
P. H. Siddons, American Security &
Trust Co.; James B. Skinner, Liberty
National Bank; Mr.. and Mrs. Laurence
A. Slaughter. Commercial National
Bank; Horace G. Smithy, District Ma
tional Bank; Warren Spencer, Park
Savings Bank: Edward c. Stone, The
Washington Star; Mr.. and Mrs. Robert
s. Stunz, Park Savings Bank; Mr.. and
Mrs. Edward E. Swan, American Secur-
ity & Trust Co.
Mr.. and Mrs. Sidney F. Taliaferro
Riggs National Bank; Eliot H. Thomson
Washington Loan g. Trust Co.; H l.
Thornton, District National Bank; Mr.
Merle Thorpe, editor, Nations Business
and Mrs. Thorpe; Norman E. Towson
Washington Loan & Trust Co.; Frank
r. Ullmer, National Savings & Trust
Co.; Winslow B. Van Devanter, Guar
anty Trust Co. of New York; Mr.. an6
Mrs. George O. Vass, Riggs National
Bank.
John C. Walker, Chevy Chase Saw
ings Bank: ]. Frank White. National
Bank of Washington; Roger j. White
ford, Riggs National Bank; Miss Bertha
Woodruff, Munsey Trust Co.: Mr.. anc
Mrs. Claude H. Woodward, Mount Ver-
| non Savings Bank; Mr.. and Mrs. E. B
Wright, Newark Trust Co.: Mr.. anc
Mrs. Norris N. Wright, Newark Trust
Co., and I. Laucks Xanders, York SAFE
& Lock Co., York, Pay =.
Evening star., 1932-06-05
Source of Buying.

NEW YORK, June 4 (SpeciaD The
mystery of who has been buying stocks
on the decline is still an unsolved one.
The most that can be said is that the
buyers have been paying cash for what
they bought. This Is proved by the
status of brokers loans, which have
been steadily declining since March,
and according to the latest New York
Stock Exchange figures, are now down
over 81 per cent from the high level in
September, 1929. At that time these
loans amounted to S8,549, ,O00, 900. while
at the end of May they were slightly
over 100000, 900. Obviously buyers of
stocks are not carrying them with their
brokers or with their banks. They
have been putting up cash for them
and placing them in their safe deposit
vaults.
Evening star., 1932-06-05
GRAIN RECEIPTS DROP
AT BALTIMORE MARKET
Special Dispatch to The Star.

special Dispatch 10 -The star.
BALTIMORE, June 4.-Receipts of
grain at the Flour and Grain Ex-
change of the Chamber of Commerce
last month showed sharp declines,
wheat leading with only 8,429 bushels,
compared with 447.780 bushels in
May, 1881. Oats were second in de-
clines, only 21,167 bushels being re-
ceived, against 250,923 bushels In May
last year.
Shipments also declined during the
month, only 652, 2,4e0 bushels of wheat
being exported. compared with 1885,
813, the only other grain shipped being
16,70l bushels of rye, against 48,904
bushels last year.
Flour receipts during the month
were 54,627 barrels, compared with
79,509 barrels in May, 1881, while ex-
ports dropped to APO barrels, q de-
cling of l0,603 barrels during the same
period last year.
Evening star., 1932-06-05
Bank of France Statement.

PARIS, June P.-The weekly
statement of the Bank of France shows
the following changes in francs: Gold
increased 563, 100000; sight balances
abroad decreased Ill 100000; bills dis
counted at home increased 709 1000, 900;
bills bought abroad decreased 907,000,-
600; advances decreased 10000 900; cir
culation increased I'll 100000; current
accounts increased 207 100000.
Rate of discount az per cent.
Evening star., 1932-06-05
POTATO MARKET.
CHICAGO, June 4 (P ~. s.

CHICAGO. June (Ao CU. S. Depart
ment of Agriculture) Potatoes Re
ceipts, 140 cars; on track, 180 new, 140
old; total U. S. shipments, $50: old
coal 90; Idaho Russets, U. S. No. 1,
wide range In condition, LOCAL Is; new
stock weaker; supplies heavy, demand
and trading slow; Alabama, Louisiana,
Texas Bliss Triumphs, U. s. No. /, LISA
1.50; few higher; heated, 1.10a1.15.
Evening star., 1932-06-05
NEW PUBLIC FINANCING
SHOWS SHARP DECLINE

BY the Associated Press.
NEW YORK, June 4-Excluding do
mestic and Canadian municipal bond
issues, new public financing in the
United States for the first five months
of this year aggregated S229, ,078,000, ac-
cording to Otto P. Schwarzchild, presi-
dent of the National Statistical Service,
Inc This amount, which includes both
stocks and bonds, compares with 81 $780,
697, 900 for the same period in 1881 and
50, ,689 ,080 900 for the first five months
of 1890