davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-11-20
Commodity Price
Changes of Week
BY H, N. McGILL,
Editor Mcoin Commodity Service. Inc.

Editor McGill Commodity Service. Inc.
AUBURNDALE, Mass, November 10.
Commodity prices during the past
week showed no definite trend, and were
fractionally lower. The majority Of in
dividual groups declined, as an analysis
of IA specific commodity price indices
showed decline in z groups. with 4
advancing and remaining unchanged.
All commodities have held in a state
of stabiliZation since the opening days
Of this month. Price fluctuations are
being held within the narrowest range
in over three years. The decline, which
was so limited 1t Is hardly worthy Of
comment, was due to moderate weak
ness in industrial commodities, fuels,
hides and leather, ferrous metals and
coarse textiles. The only group that
declined with any momentum was live
stock. Price weakness was Offset by a
substantial recovery In agricultural
prices, higher quotations for non-fer-
rous metals, paint materials and vege-
table oils.
Farm Prices Higher.
Industrial commodities lost but little
ground, the level being comparable with
quotations existing In early November.
Industrial activity is subject to q sea-
sonal decrease at this time of the year,
and without the aid Of expanding en-
ployment and stable purchasing power,
1t Is difficult to create any enthusiasm
as regards raw material buying.
Agricultural prices showed trend
contrary to the fractional price decline
for all commodities. The index was
sharply higher. AS compared with the
previous week, grains, dairy products
and cotton were higher. Price strength
Is also attributable to greater confidence
that has prevailed since the national
election early in the month.
Livestock prices were sharply lower,
cattle and hogs leading the reaction. A
survey shows that market receipts Of
hogs during the late Fall and Winter
period will adequately cope with shrink
ing per capita consumption. The pro-
duction cycle of cattle Is still upward.
Ferrous metals were lower due to the
marked decline in tin plate. During
the past week textiles, fine paper and
pulp and chemicals showed no price
change.
Pressure Absorbed.
The salient feature of commodity
markets during the past week was the
fact that despite some slowing up In
demand and speculative liquidation. the
markets In general showed consider
able power to absorb all pressure with
out recording drastically lower price
levels.
Most important price changes in the
McGill weekly price indices:
r-1,f CT AGO
Evening star., 1932-11-20
FORMER D. C. MAN
FILES UTILITY SUIT
Philip Newbold Charges Misman-
agement Of Funds in Associated
Gas and Electric Company.
BY the Associated Press.

BY the Associated Press.
NEW YORK, November 19.-Cha-ging
mismanagement Of the funds of the
Associated Gas g. Electric Co.. Philip
Newbold, q stockholder and former
Washington, d. c., attorney. filed a mo-
ton in Supreme Court today asking that
temporary receiver be appointed pend
ing determination of his suit for an
accounting.
The Associated Gas & Electric Co. Is
a billion-dollar public utilities holding
corporation operating throughout this
country and the Philippine Islands.
Newbold mentioned as co-defendants
with Associated Gas & Electric nine Of
f1cers of the company, including one
woman; the Utility Management Cor
poration, formerly known as the ]. G.
White Management Corporation; w. s.
Barstow & Co., Inc, Utilities Purchas-
ing g. Supply Corporation, Public Utili-
ties Appliance Corporation, H G. Hop
son & Co., Inc, and Daniel Starch, in
business as Daniel Starch & Staff, ad-
vertising agents.
Evening star., 1932-11-20


constant embarrassment to their de-
positors and stockholders. This places
n great obligation on those banks that
are abnormaliy liquid to give the
greatest amount of aid to worthy bor-
rowers, consistent with conservative
banking practice. and not to adopt the
policy of the one talent man of the
scriptureG
The most assuring feature of the
market for securities Is that no hQuida-
ton has taken place. Holders Of stocks
appear content to keep them, believing
that, in a majority of cases, they have
discounted most of the losses in earn
ings and a revision In dividend pay
ments. The total of brokers loans this
week is only slightly above that regis
tered at the end of the market decline
last Summer. There is constant ac-
cession Of stockholders by the leading
industrial and public utility corpora
tions. which is evidence of the faith
that investors have in American securt-
ties at their present levels.
The demand for high-grade bonds
Is urgent, with prices for such issues
approxinating the best of the year and
net Influenced in the least by the
heaviness that has developed in obliga-
ticns of a weaker character. 1t Is en-
couraging to note that as developments
of a less favorable nature have arisen,
the markets have again lapsed into a
state of extreme dullness, showing an
indifference to conditions that Is in
contrast to the mood of few months
ago, when outward signs Of progress
were also unsatisfactory.
Copyright 1922
Evening star., 1932-11-20
COFFEE AND SUGAR COME
TO PARTING OF WAYS
Prices That Have Been Moving To-
gether Go in Opposite Directions
on Market This Week.

Special Dispatch to The Star.
NEW YORK. November ls.-Coffee
and sugar. which for q time were mov-
ing in the same direction. have parted
ways In the last few days. Coffee is
moving forward on Brazilian support
while sugar has been easing because
the hurricane damage in Cuba was
not as great as originally estimated.
Meanwhile, Berent Friele returned
from Brazil Tuesday and at once an
nounced advertising plans to get every
body to "have another cup Of coffee"
He said his association, the Brazilian
American Coffee Promotion Committee,
plans to use s1,o0o.oo0 in advertising
that beverage in this country within
the next year.
This country continues to drink In
creasing quantities of tea, said the
merchants here today handling that
product, and they pointed to firming
quotations and an IL per cent gain in
Indian imports in the last three months
Recent offerings of cocoa are being
well absorbed. according to handlers Of
that commodity.
(Copyright. 1s37)
Evening star., 1932-11-20
AUTO ORDERS AID
STEEL PRODUCTION
Improvement Mostly Offset
by Declines Elsewhere,
However!
Ry the Associated Press.

BY the Associated Press.
NEW YORK, November Ie.-Steel
production schedules continued to re-
feet tregularity last week with sus-
tanned to slightly improved buying from
the automobile industry Offset by gen.
orally quiet conditions in other lines
Trade estimates placed ingot produc-
ton at 19 per cent of capacity for the
week, slight decline. Smaller orders
are said to reflect seasonal influences
in construction trades and elsewhere
A reduction of so cents per box in tin
plate quotations was expected to in
crease shipments, but this development
was said to have been anticipated by
recently increased production. The
scrap market was easier, but otherwise
prices were unchanged. Pig iron was
quiet and steady.
Copper Market Quiet.
Copper was quiet, with sellers hold
ing domestic quotations nominally un-
changed in the absence of demand at
5A cents pound for electrolytic de-
livered to the end of the year in the
Connecticut Valley. Poor demand was
attributed partly to easiness abroad,
where metal was being offered at con-
cessions from recent quotations. The
market was generally marking time
pending meeting OF world producers
here late this month and Inauguration
of the British preferential duty on
electrolytic effective December l.
Irregularity in tin was largely a re-
Election of fluctuations at London fur
ther influenced by changes in sterling
exchange. The market was dull, but
sellers were anticipating placement of
orders for pig tin for carly 1888 needs
following announcement of new tin
plate schedules.
Lead Turns Easier.
Lead turned easier when buying
tapered off following period of rather
steady demand. The decline caused
buyers to withdraw pending indications
of stability, but smelters were said to
anticipate a renewal Of demand Tor
untitled December needs.
The tone of zinc was barely steady
toward the close of the week, rejecting
partly the reaction in lead and less ac-
tive demand after consumers had cov-
cred pressing needs.
Antimony remained quiet. Recen.
advances failed to stimulate buying and
concessions have appeared.
Evening star., 1932-11-20
|CURB PRICES RISE
IN QUIET TRADING
Transfers Total 10000
Shares, Compared With
10000 Last Saturday.
BY CLAUDE A. JAEGER,


NEW YORK, November 19.-The
curb market lifted slightly today in
quiet trading. Transfers totaled $4,000
shares, against 10000 last Saturday.
Price changes were mostly fractional
Aluminium Co. gained more than 2.
Great Atlantic & Pacific slid 6 points
in odd-lot trading, losing yesterdays
gain. But elsewhere stocks moved in a
restricted orbit.
Electric Bond g. Share rallied frac-
ton. Cities Service gained little
while United Light & Power "A" closed
a shade lower. American Superpower
and American Gas & Electric were
steady.
The oil stocks, which have shown
considerable steadiness as result Of
Eastern gasoline price advances, were
neglected today. Standard Of Indiana
and Standard of Kentucky both lost
fraction, but other leaders were not
actively traded
New Jersey Zinc was down about a
point. Deere & Co. was about steady
at a shade under yesterdays close.
Evening star., 1932-11-20

have had any repercussion rnarketwise.
In well-informed quarters it is not ex-
pected that further Middle Western in
solvencies will reflect seriously In the
security markets. Most of these bank
closings are institutions in towns Of
less than 5000 inhabitants, and loan
collateral involves very little In the way
Of securities.
Evening star., 1932-11-20
Markets at a Glance

NEW YORK, November 10 (R.-stocks
firm; short covering brings quiet rally.
Bonds irregular; high-grade loans firm.
Curb steady; Aluminium Of America
issues rally. Foreign exchanges heavy:
sterling declines. Cotton lower; local
and Southern selling; lower cables.
Sugar higher: steady spot market.
Coffee quiet; Brazilian buying.
CHICAGO, November 10 [P).-Wheat
firm; rains harvest belt Argentine;
firm stock market. Corn firm; unfavor-
able weather all belts; steady cash mar
ket. Cattle dull. Hogs steady to strong
Evening star., 1932-11-20
10000 to Get Jobs.

DETROIT, November 10 @.-Em-
ployment will be given 10000 men at
the Buick and Fisher body plants in
manufacture Of new automobiles, Cen
eral Motors officials announced. They
said that $4,000 in all will be given
work, including those engaged in sup
plying materials and parts.
Evening star., 1932-11-20
10000 Shares Offered.

NEW YORK. November 10 Up.-
Tenders Of the per cent preferred
stock of the Endicott johnson Co., to
the extent Of 10000 shares at $l10, viii
be received by Goldman. Sachs & Co.,
it was announced. The company sieeks
the stock for retirement. Tenders win
be received to November 29.
Evening star., 1932-11-20
Year Ended August 81

Year Ended August 81.
Sherwin- Williams Co. 'S4.b1 1882
Twelve Months Ended September 80.
Columbis Gas Electric. S1.04 $1.62
Twelve Months Ended October 81.
Detroit Edison Co. ....... S5.ob $s.e2
Ten Months Ended October 81.
Chesapeake q Ohio Ry.... S2.52 6S.16
sPreferred tCommon.
Evening star., 1932-11-20
BANK CL0SINGS FAIL
TO REACT ON MARKET

NEW YORK, November 19.--The
furry Of bank failures since the start
Of the week In Oklatpma, Wisconsin
and Pennsylvania, does not appear to
Evening star., 1932-11-20
Bank Clearings Given.

NEW YORK, November 19 Especially -
New York bank clearings, week ended
November 10, $2,659, 1885,, ,982.34; week
ended November IL, S2,143, ,180, ,354.82.
Evening star., 1932-11-20
U. S. TREASURY CERTIFICATES
tReported by chas. D. Barney Coz
Air Traffic Increases.

NEW YORK, November 19 Dr.
United Air Lines carried 68,958 pas
sengers In the first nine months OF
1892, an increase of 1888, or 1852
per cent, over the total for the same
period of 1891
Evening star., 1932-11-20
CORPORATION EARNINGS.

NEW YORK, November 10 R.-Per
share Of earnings of corporations re-
porting this week with comparisons with
last year included the following:
Nine Months Ended September 80.
Evening star., 1932-11-20
WASHINGTON STOCK EXCHANGE
YEAR 1892

CReport:d Hibbs Ibbs BUILDING washingon D c.
INCLUDING FRIDAY. NOVEMBER
Evening star., 1932-11-20
WAR DEBTS. ISSUE
SERVES AS DAMPER
ON TRADE ACTIVITY

Continued From First Page.l
Evening star., 1932-11-20

Dividend dollars
fPus AZ stock
peyabt stock Plus So stock. Plus
regular m Plus So . 81 stock PAID
last yeer-no regular rate
The Washington times., 1932-07-16
B A n K CIRCLES
UND|STURBED

Weathering the uneasiness
which followed in the wake of the
closing of four small banks this
week Washington's financial in
stitutions were following the usual
business routine today with the
aplomb and efficiency of normal
times.
Receivers for the four banks
which closed their doors Wednes'
day and Thursday are as follows
Bank of Brightwood, Claude H
Woodward, Washington banker;
North Capitol Savings Bank, j.
L. Bailey; international Exchange
Bank, w. H. Blanz, and Depart
mental Bank. William Taylor, ex'
aminer in charge.
Raymond L. Schreiner, presl'
dent of the Bank of BrightWood,
is charged with larceny in con-
nection with an alleged shortage
of $59,700 in the accounts. He is
free on bond of $4,000. .
Depositors of the closed banks
are advised that they should seek
information from officers now in
charge and not from, the Treas
ury Department.
The Washington times., 1932-07-16
FURLOUGH PLAN
SEEN LIKELY
To PREVAIL
Federal Employees Get First
Pay.off in SIashed Checks;
Some Obliged to Wait

With all Government depart
ments working today, and
with no executive of any de-
partment or independent Of
flee having yet definitely
planned for a five-day week,
increasing indications today
were that the short-week plan
approved by the President Sin
principle" would not be put
into effect.
Until late yesterday, Federal
employees had anxiously awaited
word from their superiors as to
whether they should report today
for work. Such an order was
expected to mean the initiation
of the Saturday holiday plan
which the employees seem not to
want.
FurlOugh Plane Due
When closing time came, with
no holiday orders being forth,
coming. Government worker
knew they were to return to
their desks today as usual.
OF greater moment, however,
was their belief that the con-
tinuance of the halliday of work
today means this same plane will
be kept up, and they can expect
to take their compulsory months
furlough as and when they wish
Meanwhile, the War Depart
ment is expected to paw today
part Of its 5000 civilian employees,
whose payroll was held up yes
terday due to delay of Congress
in passing the War Department
appropriation bill. The rest of
these employees will be paid Mon.
day or Tuesday.
Pay Day for Most
The other departments paid off,
the checks showing the 8.3 per
cent salary slash, and some bu-
reaus. which did not know what
reduction to expect in budgets,
cutting each salary check as much
as 10 or Is per cent to take no
chances. However, the differences
between these and the uniform
8.3 per cent reduction will be
made up next pay day.
In the absence of any new de-
velopments in the furlough stu
alton, and with no new Executive
orders expected from the White
House on the subject, Federal de.
partment heads probobly will not
announce their definite stand on
the five-day week plan until Mon
day or later.
The Washington times., 1932-07-16
CAS- HUCKSTERS
LOSE FIGHT
Times staff Photo

Hucksters, who sell gasoline
from trucks, today lost their fight
in District Supreme Court to re-
strain the District Commissioners
from having them prosecuted un-
der a section of police regulations
which prohibits such sales.
AS the .hucksters are suing in
the Court of Appeals for a writ
of error in the Police Court de-
cision against them. they may not
be forced from the streets until
that matter is acted upon.
Their defeat in District Su-
preme Court today came when
Justice F. Dickinson Let's issued
an order dismissing a rule which
would have required the Commits
sioners to show cause why an in
junction restraining them from
interfering with the huckster's
business should not be issued.
The Washington times., 1932-07-16
CLOSED BANKS
VICTIMS UNITE

Employees of the Government
Printing Office whose savings
had been placed in the North
Capitol Savings Bank, which
closed Thursday, have formed a
protective association" with J.
M. McCauley as temporary chair
man.
More than 200 of the 1900
Printing Office employees who had
placed their funds in the bank
attended a meeting yesterday,
called by L. P. Speelman, superin-
tendent of the bindery. A second
meeting is to be- held Monday at
4:3O p. m.
The bank is located across the
street from the Government
Printing Office, employees of
which had savings totaling $780,
900 there. These ranged from a
few dollars to $4,000.
The Washington times., 1932-07-16
PHONE HEARING
CONTINUED

Resumption of the Public Utlll,
ties Commission hearing on tele'
phone rates was postponed again
today until Tuesday due to the
illness of Lloyd B. Wilson, presl-
dent of the company.
Since the hearing was ad-
journed three weeks ago, taclt
suggestions have been made to
the company to make a voluntary
rate reduction. The company has
declined to do so, giving rise to
the belief that it will put up a
stiff fight against any reductions
when the hearing is resumed.
1t is believed that the com.
pany's defense will be based
principally on a contention that
due to Government pay cuts and
other economic measures effected
by business organizations, it has
been losing subscribers steadily
within the last few months.
The Washington times., 1932-07-16
To HAVE
MANY P|CN|CS

Seeking relief from heat, more
than a score of organizations will
attend picnics in Rock Greek
Park over the weekend.
Among those getting picnic
permits are: District unit of the
Navy Fleet Reserve, Miller Cabin
University Park Church of the
Brethren. Pierce Mill grove; FIJI.
teenth Street Christian Church,
south of Pierce Mill; primary dc
partment of st. Mathews ",
theran Church, north of the
mill.
Other picnics will be held by
the Vienna Presbyterian Sundar
School: Langdon M. E. Sunday
School; Metropolitan Baptis'
Sunday School; Chevy Chase
Presbyterian Church; Capital
Court No. 3; Junior Maccabees,
and the lexington Presbyterian
Sunday School.
The Washington times., 1932-07-16
HOLIDAY SPENT
GETT|NGP PAID

Employees of the District public
school system used their Saturday
half-holiday today to collect their
delayed pay checks.
All other employees of the Dis
trict government we're paid yester-
day, but because the school pay
roll was not submitted in time,
the payment was put off until to-
day.
Like other employees of the Dis
trict government, however, those
who have taken more than one
days leave since July l will! not
be pail until next week.
The delay in preparation of the
payroll was due to the fact that
the school finance office failed to
understand how to deduct the
salary cut.
The Washington times., 1932-07-16
MERGER ACTION
. PUT OFF TILL
DECEMBER.
Senator Austin WithdraWs
Resolution As Prospect
of Vote Is Dimmed

The street car merger reso-
luton, authorizing the traction
companies here to consolidate,
was today back on the hold
over calendar Of the Senate.
where it will stay until De-
cember.
Late yesterday Senator Austin
CRO of Vermont, who had held
the resolution before the Senate
for two days, withdrew his mo-
ton for a vote because it be-
came apparent the prospect of
a vote before the adjournment
of Congress was remote.
To Renew His Motion
Senator Austin said he reluc-
tantly made bis withdrawal mo-
ton, but there seemed to be "an
organized effort" to discuss the
bill at great length and legisla-
ton of national Importance
ought to take the right of way
in the closing hours of the ses
sion. He announced his inten-
ton to renew his motion for a
vote early in the December ses-
sion.
The action of the Vermont
Senator in giving away to con-
ference reports and other mat
terS of national import brought
praise from several Senators, in
Guiding Senator Blaine CRD of
Wisconsin, chief opponent of the
bill.
Discussion Limited
Though the merger proposal
had been before the Senate for
two days it received but limited
discussion because of the inter
lection of other issues, such as
Senator Norris arraignment of
the power trust" political
speeches by several Senators, and
conference reports.
In his brief defense of the
merger plan, just prior to its
withdrawal from consideration at
this session, Senator Austin de-
MED that the merger meant the
issuance of "watered stock" by
the combined companies. He as
serted there is not a drop OF
water in the entire proposal" and
that the merger would rebound
to the public benefit as we'll as
the benefit of the stockholders of
the traction lines.
The Washington times., 1932-07-16
SCHOOL CADETS
LACK TEACHER

The possibility that the Wash
ington High School Cadet Corps
will operate next year without
trained military instruction was
held out today by Col. Wallace
M. Craigie, U. S. A., professor of
military science and tactics in
the District schools.
Colonel Craigie and his entire
staff of instructors will be re.
lieVed from duty August IS under
the War Department appropria-
tion bill which provides that all
retired officers on instructional
duty shall be relieved.
Although no plans have been
made. in view of the absence of
DR.. Stephen E. Kramer, first as.
sistant school superintendent in
charge of military instruction,
Colonel Craigie indicated that
the cadet officers are fully COM
petent to manage themselves,
with the assistance of the school
faculty.
The Washington times., 1932-07-16
Bandit Trio RObs
Gas Station Aide

The gas-station bandit trio
whose. activities have stirred
police to special vigilance early
today held up. robbed and bound
Francis C. Riley, night clerk at a
gasoline station at 1410 H st. N.
E., and escaped with $39.
AS in previous hold-ups perpe-
trated by the gang, two young
white men handled the robbery
while a woman companion sat
at the wheel of the getaway car.
The Washington times., 1932-07-16
2 GrOCers Robbed
By Armed Bandits

Louis Kraft, a merchant, of
210O Eighteenth st. N. W., was
held up and robbed by three
armed colored men in his store
early today. he told police. The
bandits took $l00.
Samuel Chernekoff, a grocer
of 1919 Fifteenth st. N. W., told
police he was robbed last night
in his store by four colored men
who took $35.