davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-11-12
CURB GOES HIGHER;
TRADING INCREASES.
Breaks Narrow Range-Be.
lief in Brisk Retail Trade
Encourages.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 1.-THE
Curb Exchange broke out Of the mar
row range that marked opening deal
ings today and moved higher on an in
creased volume Of trading.
Among the leaders Electric Bond &
Share, American Gas g. Electric. Cities
Service and International Petroleum
rose fractionally. Standard Oil of In
diana, however, was virtually un-
changed, as was Pennroad Corporation.
Strength Maintained.
The strength of the market was main
tanned even after the railroads reported
a greater than seasonal decrease in
weekly car loadings. 1t was helped
along, however, by the general belief
months will be brisk and that some
sort of real settlement will come out
of war debt negotiations. So.
A feature, on the downside was q
break of IS points in Carolina Power
g. Light $6 preferred. which has not
appeared on the tape since February 10
last. Tape readers watched q series Of
bids and offers that began at SO to go
and finished with trade at 81.
An initial gain in Great Atlantic &
Pacific Tea resulted from the company's
announcement that September sales had
risen $4,000, 900 as a result of an in
creased advertising expenditure Of $75,-
600. During its seventy-third anniver-
sary sale in October, which was nc
companied by increased advertising, its
$1,000 stores sold 415,659 tons Of groc-
cries, or %, ,855 tons more than in Sep
tember, and the 140,000,000 separate
sales required the services of more than
10000 workers.
Florida Power g. Light Up.
Florida Power g. Light per cent pre-
ferred rose about points on a few
trades. Southern New England Tele-
phone was down couple OF points.
Armstrong Cork led the "liquor" shares.
On rumors that the American copper
tariff would be lifted to about double its
present rate, a buying movement IN the
red metal list lifted Newmont Mining
fractionally New Jersey Zinc f1rmed.
Roam Antelope, one of the few foreign
coppers to come out, moved higher.
On Chicago buying, the various meat
shares, notably Swift & Co. and Swift
International, forged ahead.
Evening star., 1932-11-12
BY the Associated Press.


Utilization of worn-out equipment
Is pictured by A. w. Robertson, chair
man Of the Presidents Committee on
Expansion Of Capital Expenditures, as
a major contributing factor to con-
tinued paralysis of American business.
A survey revealed that more than so
per cent of present factory, store and
ONCE equipment was obsolete and in
efficient, and that expenditures made
for replacements during the last two
years have averaged only 81 900, 600, 900
annual average of $4,000, ,00o, 900 during
the period ended with 1929.
The committee points out that the
present level Of selling prices demands
the lowest costs obtainable, but doubts
whether lower costs can be obtained
with facilities that have outlived their
usefulness.
The Robertson committee deplores
the lethargy displayed by American
industry in making equipment re-
placements, and presents six argu-
ments for modernization now, as fol-
lows:
Many corporations have liquid funds
drawing low interest that would be
better invested in proflt-making equip
ment.
Recent rapid improvements In equip
ment design offer unusual opportuni-
ties for cost reduction.
Equipment can be purchased and in
stalled today at costs far below normal.
Changes in equipment can be made
now most easily when plants and Offices
are not so busy.
Better production and ONCE and store
Evening star., 1932-11-12
BONDS ARE FIRMER,
But RULE QUIET
Foreign Issues Are Strong.
French Government Hits
Best Price in Weeks.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November l2.-After
some hesitation and an irregular price
list at the opening the bond market
became firmer today, responding to the
strength in stocks, but was compare
lively quiet.
In the period during which stocks
have had an average rise of 10 points
the bond market has advanced an aver
age Of i Il points, which includes some
fairly good gains in semi-speculative
issues. On this account there was an
inclination today to move more slowly
and also to take some profits.
B. G. o. Group Reacts.
The Baltimore g. Ohio group of bonds
was disposed to react and at one time
showed losses of to u points. There
was also decline in Great Northern Is,
part of which was later recovered New
York Central, Missouri Pacific, Chicago
& Northwestern, and Chicago, Rock
Island & Pacific were off fractionally.
Allegheny Corporation issues held re-
markably well in view of their recent
sharp gains. Atchison General As,
Pennsylvania 4l5s and Northern Pa
cific IS were all up slightly
There was active trading in the new
Etudebaker Corporation IS, above so,
and then they declined under that
figure These notes were issued in con-
rection with the purchase of the White
Motor co. United States Rubber SIS had
o. slight gain. Richfield OIL IS held
Their advance, although there was some
Dissent voiced today on the latest offer
"a bondholders International Tele-
ehone and American & Foreign Power
debentures held steady. Utilities Power
At Light s. Us rose over point.
Foreign List Strong.
In the foreign list, French and Ger
man issues were strong On the proposed
debt negotiations, French Government
7i5s touching the best price in some
wrecks. German Government S 15s and rs
advanced fractionally with Prlssian
6Ias. Australian bonds were up to
~, while on small volume of trading
one of the Argentine 6 per cent issues
dropped 4. There was practically no
change in the list of United States
Government bonds.
Evening star., 1932-11-12
White STARL|NE
SHIPPING QUESTION
Much JuggIed Concern May
Bring New North Atlantic
Competition.
By the Associated Press.

NEW YORK, November 12.-Whether
the White Star Line, which has been
passed back and forth between British
and American hands, may finally find
foster parent in the big British
steamship firm Of Furness, Witty & Co.,
Ltd, is a question which now intrigueS
New York shipping circles.
This would bring FurneSs- Witty
into the highly competitive North At
lantie passenger business. The firm has
been known chiefly in New York for its
lines running to Nova Scotia, New
foundland and Bermuda, although It
also operates between British. South
American and South African ports.
. Lord Essendon. chairman of the
Furness- Witty company, was elected
last week chairman of the Oceanic
Steam Navigation Co., which controls
the White Star Co. The latter, with its
great feet operating between New
York and British ports and on other
sea routes, has been technically the
property of the Royal Mail Steam
Packet Co., though actual control has
remained with the International Mer-
camille Marine-RooSevelt steamship
interests Of the United States.
Holds Stock as Security.
1t1GACG44b4AC Is4d1 Clll1 1AOAQc Oil VI
the stock of the Oceanic Steam Nayi-
cation Co. as security for the Royal
Mails unpaid balance on the White
Star fleet. which was transferred to
Royal Mail in 1927 for $35 100000. OF
this purchase price about $11 100000
remains unpaid, and is due on or be-
fore December 81, 1886.
The Royal Mail Co. found itself in
acute financial difficulties about two
years ago, and since then there has
been considerable doubt in shipping
circles both here and abroad that the
company could complete the White
Star contract.
The question has been raised In
shipping quarters whether the F'urneSS-
Witty now has plans for taking over
the destinies Of the White Star and
becoming an active competitor in the
North Atlantic passenger and freight
service, which already Is somewhat
overcrowded.
Merger Talk Discounted.
Talk of a merger of Furness- Witty
and Mercantile Marine for a Joint op-
Grafton of the feet Is discounted in view
of the fact that FlrnesS- Witty operates
under the British flag, while Mercantile
Marine has been following policy Of
d1sposmg OF its lines under foreign
registry.
Well informed shipping circles un-
derstood that FTrness- Witty were in
terested in possible acquisition Of the
White Star feet in 1927, but considered
the Mercantile Marine company's price
unattractlve. 1t is suggested now that
the company sees an opportunity of
coming into ownership Of the White
Star Line under more advantageous
terms, and thus for the first time plac-
ing itself in a position to make for
business in the transatlantic service.
Until Mercantile Marine decided to
consolidate its operations under the
American flag, its White Star vessels
were the pride of its feet and supplied
the major competition to the Cunard
Line and other North Atlantic carriers.
Since the sale of the feet Mercantile
Marine has continued as the White Star
agent in New York.
Evening star., 1932-11-12
CAPPER ASKS SPEED
ON U. S. CROP LOANS
Less Rigid Regulations, Enabling
Grain Farmers to Plant, Pic
tured as Urgent Need.
By the Associated Press.


TOPEKA, Kans., November 12.-Sen-
ator Arthur Capper, Republican, Kan
sas, urged yesterday that regulations be
issued enabling credit institutions es-
tablished by the Federal Government
through the Reconstruction Finance
Corporation to make loans TO grain
farmers 80 that they can plant their
crops"
In a letter addressed to Charles A.
Miller, president Of the Reconstruction
Finance Corporation, Senator Capper
said, "I cannot impress upon you too
strongly the need for this action or its
urgency"
The senior Kansas Senator recalled
that the Government last year, through
the Department of Agriculture, made
crop loans to farmers. He said these
loans are now in process Of liquidation
and that need for new loans "is Just as
pressing today as it was then"
The Senator said he understood the
Regional Agricultural Credit Corpora
ton had been authorized to make CROP
production loans, but regulations sur
rounding such loans "are so rigid that
farmers most in need of such assistance
are unable to meet them"
Evening star., 1932-11-12


risburghCoal operation
connu below 1881 tableware and speciality lines
building permits far below normal.
Chicago-Eectcy output
capacity
Winter wheat crop; grain prices continue low.
OBSERVATION-DISCLOSURES retail
at abnormally low prices. e
DetroiEmpoyment AZ to inactivity Of
automobile
retail slight
Indianapolis orders light retail
ttons
men good.
Observation-Disclosures manufacturers align
with demand; mill machinery
kindred lines DORMANT department sales fairly
practically harvested
Milwaukee progress;
port shipping practically completed
ferries mild weather continues retard merchandising
lines.
Des shipment prices
OF ve stock and building sands seasonabe
disc moving better, but farmers not buying.
retail conservative;
aed industrial lines sandst; collections
Kansas CityMnd weather Winter
facters operating schedules favored
at retail hour mill and at about 70 of capacity
Minneapolis uncertainties retarded
commodity prices extremely low.
omahawhoesale gains seasonaly,
live receipts about normal with prices weak tenant with
holding crops for better prices and leaving discretion Of sale to Landlords
weather. production active;
demand chemicals 1881
St. PaulWhoesale holiday activity
sales womens equal 1885, Shoes hardware and bakery
supplies quiet; furniture selling well.
Bamoreetan trade retarded BY unreasonable weather. industrial
activity generally qe commodity prices weak stocks low buying
conservative liquidation securities consistent policy
financial institutions
Evening star., 1932-11-12
SEES CORPORATION
BOARDING THREAT
Declared More Dangerous Than
Individual by Maryland U.
Economist.
BY the Associated Press.

BY the Associated Press.
ATLANTA. Ga, November i2.-Cap-
ital boarding by corporations is de-
scribed by William H. Brown, professor
of economics at the University of Mary
land. as Offering a far more serious
threat to the social and financial struc-
ture than individual boarding of cash.
He discussed the distribution of profits
In industry before the Southeastern Eco
nonic Association here and explained he
referred to overinyestment in plant and
producing equipment at the expense of
dividends to stockholders and wages TO
labor.
Is Government Step Seen.
"In the interest Of stockholders as
well as society,"" he said, 'the Govern
nnent may, unfortunately, be forced to
step In and force a larger measure OF
true investment competition"
AT another point he had suggested It
would be good policy for corporations,
instead Of forcing .reinvestment of earn
tngs on stockholders by Withholding
dividends. to make as large payments
as possible and then allow the stock
holders to decide for themselves whether
60 reinvest the funds in the same busi-
ness by purchase Of additional STOCK.
Suggests Remedy.
Ee said prohibitory tax on sun
reasonable accumulation Of surplus and
undivided profits, whether acknowledged
en- concealed" would be the simple and
practical method" for limiting capital
pyramiding.
He said a recent survey Of so corpora
tions representing a cross-section OF
Maryland industry, had shown dividend
YSaynents of only $5,2l5, ,000,0o0 in the
period l921-29s between depressions," "
while the concerns were earning
$e,049, 900 900.
He pointed to reports that IA COR
rorations now have 8, 100000 stockhold-
ers as suggesting fruitful field for
increasing buying power Of consumer
goods probably at the expense OF capi-
tai accumulation.
Evening star., 1932-11-12
OIL COMPANIES LOAN
100000 TO MEXICO
Dutch Shell, Standard and Pierce
Take Part in Advance on Taxes
to Be Repaid in 40 Months.
BY the Associated Press.

BY the Associated Press.
MEXICO CITY, November IA. J.
PAM, secretary of the treasury, an
nounced last night that three foreign
petroleum companies doing business In
Mexico had loaned the Mexican govern.
ment $1,000 900 as tax advance to bo
repaid within 40 months.
The three companies are the Aguila
Oil Co. Dutch ShelD, which advanced
$3, ,000,0 900; the Huasteca Petroleum Co.
(Standard OLD, which gave So, 3,00O,O 900,
and the Pierce Oil Co., which partici-
pated for $1,000,000.
Interest at 4.787 per cent and princi-
pal are to be repaid out of the taxes Of
the oil companies in equal monthly in
StallmentS over period of 40 months,
starting in December, 1882, and ending
March rs, 1886.
1t was believed that the money VIII
be used to retire banking and agrarian
bonds and in other credit arrange
mentS.
Evening star., 1932-11-12
BALTIMoRE TO SEEK
LOAN OF S. 600, 900
Special ptspateh to rha star.

Special Dispatch to The Star.
BALTIMORE November 12.-Due to
a falling of in the collection of taxes,
the city viii be forced to borrow S.
100000 next week, Mayor Howard W.
jackson announced yesterday.
He said that he will confer with bank
ers early next week and try to arrange
a rate OF interest lower than the 21z
per cent paid by the city for the s2,-
100000 borrowed recently.
Two and half million dollars will be
put In the current expense fund and the
other two and a half million used for
emergency relief. The money will be
borrowed against the delinquent taxes.
Evening star., 1932-11-12
REICHSBANK STATEMENT
BY the Associated Press.

BY the Associated Press.
BERLIN, November 12.-The ReichS~
bank statement as of November z shows
the following changes in reichsmarkss
Gold and bullion decreased 81 900; re-
serves in foreign currencies decreased
LIST 900; bills of exchange and
cheques decreased 101 ,695 900; silver
and other coins increased 25,841 900;
notes on other banks increased 5,054, 900;
advances decreased 98,622, 600; invests
ments increased $1,000; other assets in-
creased 1904 900: notes in circula@
ton decreased 1881 900; other mature
ing obligations decreased 23 ,272, ,000t
other liabilities decreased 11,431, 900.
Total gold holdings, S17,283, 900.
Ncte coverage, 26.8 per cent.
Rate Of discount, per cent.
Evening star., 1932-11-12
AttsrhurY Committee Meets.

NEW YORK, November IL (P).-The
RECENTLY formed Joint Committee on
Railway and Highway Users, headed by
W, w. Atterbury, president Of the
Pennsylvania Railroad, and Alfred H.
Swayne, vice president Of General Mo-
tors Corporation, met yesterday in the
offices of Gen. Atterbury. 1t was under
stood the group might make report
10 the National Transportation Com
raittee. headed by former President
Coolidge.
Evening star., 1932-11-12
German Bank Closes.

ESSEN, Germany, November IL QP
The Essener Bank, well known CO.
operative institution, closed its doors
yesterday with a reported deficit Of H.
600, 900 marks (about $1,750,000).
The bank temporarily suspended pay
ment In February, but resumed opera
tions on a government subsidy. A SIM
liar rescue action already has begun to
protect 10000 depositors.
Evening star., 1932-11-12
100000 Lights for Fete.

Three hundred thousand colored lights
and many powerful searchlights trans
the Autumn illuminations fete. The IL
luminations required more than IS miles
Of wiring. One railway ran more than
2,100 special trains to and from Black&
pool during the event, a a
Evening star., 1932-11-12
COMMODITY PRICES

Wholesale commodity prices contin-.
ued to show a downward trend during
the week ended November as the
change was calculated from a list Sc
lected by the Commerce Department.
In the table that follows the index of
all selling prices Is given for comparable
perids, based on representing 1926 levels
as 100. In addition, the selling price of
ton Of composite steel products is
given for like periods:
All
Evening star., 1932-11-12
Markets at a Glance

NEW YORK, November IL P.-
Stocks steady; farm implements rally
with grains. Bonds steady; trading
volume drops. Curb firm; market re-
gists profit taking. Foreign exchanges
irregular; sterling firm. Cotton lower;
local and Southern selling; lower
cables. Sugar firm; firmer spot mar
ket. Coffee quiet; commission house
HellinR.
Evening star., 1932-11-12
Cotton Market

Special Dispatch to The Star.
NEW YORK, November IA larger
supply of contracts seemed to be avail
able above 61a cents for the December
position and cotton prices eased of to-
day.
A setback occurred in Liverpool and
heavier week end hedging brought low
est prices of the session in closing deal
ings. Final quotations showed a loss of
Is to ls points on the day. Spots were
reduced Is points to 6.55.
Evening star., 1932-11-12
USING OF WORKOUT EQUIPMENT
HELD BUSINESS REVIVAL CHECK
Presidents Committee Finds More Than 50 Per Cent
Has Outlived Usefulness

operating efficiencies win improve any
company's price position and increase
earnings.
Ohsolescence means not waste alone,
but loss Of opportunity for better profits.
Evening star., 1932-11-12
CHICAGO STOCK MARKET

CHICAGO, November u (Pl-Follow-
ing Is the complete official list Of trans
actions in stocks on the Chicago Stock
Exchange today:
Evening star., 1932-11-12
Trade Reports at a Glance
By the Associated Press.


conditions
in
in the snondin1
Evening star., 1932-11-12
Direct to The Star ONCE.

Dividend rates In dollars based on last
quarterly or semi-annual payment. sEx
dividend. tPartly extra. tPlus AZ in stock.
Payable in cash or stock. Payable in
STOCK Adjustment dividend. Z Plus So
IN stock. 9 Plus So In stock. h Plus IL
in stock. J Plus AZ In stock. K Plus 1O9s
IN stock. m Plus So In stock. Plus 81
in stock. Paid last year-no REGULAR rate.
Evening star., 1932-11-12
HOMES.

1000 Chic 4 IS ie27 cts Is" az 4S"
gtoek ik sales os today. y istS $4,000 shar.ss
Bends sales today S12.000S' . s-a.* .--.s.
The Washington times., 1932-04-13
OUTLOOK
/. BR|GHTENS

NEW YORK, April 13 G.N.S0
A few bright spots are apparent
in the steel trade, notwithstand
ing a further decline in ingot pro
duction to 81 per cent from %
per cent of the past two weeks.
according to the weekly Iron Age
summary released today. These
are:
Slightly larger orders for rails
. and rack supplies for spring
maintenance work by railroads; a
gain in inquiries for structural
steel, which, at 39,750 tons, are
the heaviest for any week this
year; a stepping up of automo
bile production schedules, and an
inquiry for 10000 tons of pipe
for foreign pipe line.
The Iron Age composite prices
are unchanged. Finished steel is
2.087 cents a pound; pig iron.
SLABS a gross ton, and steel
scrap, 1921 a ton.
The Washington times., 1932-04-13
$50 Attend Banquet
Of District Bankers

About $50 Washington bankers
and their guests attended the
pre-convention dinner of the Dis
trict Bankers Association last
night at the Columbia Country
Club.
Plans for the convention were
outlined by Claude H. Woodward,
general committee chairman. Rob
ert Thompson, New York, and
David Law ence spoke. A rising
tribute was paid the late Edward
j. McQuade, who died recently
while president of the associa-
ton.
The Washington times., 1932-04-13
Gould Again to Head
Mechanics Savings

Ezra Gould has been reelected
president of the Washington
Mechanics Savings Bank. Other
officers reelected are: DR.. Ed
ward F.. Pickford and A. S. OF.
futt, vice presidents; Clarence
F. Burton, vice president and
cashier; Mrs. M. H. Bucking'
ham. secretary; Lloyd w. Davis,
Joseph M. McCarty, w. B. Meh-
ler and B. M. Grant, assistant
cashiers.
Directors reelected are:
George Hayes, l.. Hoyt Lamb,
J. C. Pyles, Edwin E. Roberts,
E. Hume Talbert, F. P. Williams,
John P. F.. White, E. S. Wolfe
Guy Mason and Messrs. Gould,
Pickford and Burton.
The Washington times., 1932-04-13
Freight LOGdings
Drop I6,I57 Cars

Loandings of revenue freight
in the United States for the week
ended April totaled 544,961 cars.
according to the American Rail
way Association.
This was decrease of 16,157
cars below the preceding week,
due principally to the falling off
in coal shipments, and a reduc-
tion of 182,991 cars, or 25.1 per
cent, below the like week nj 1881.
Your rental worries . room, house
or apartment can be solved to-
day through the Rental Columns of the
Classified Section.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-04-28
Permanent Cleanliness

When school children are enlisted in
cleanup campaign, things happen. Chicago's
annual cleanup week is pushed through the
public schools, which means that something
like 100000 children take keen interest
in getting rubbish out of Easements and yards
and alleys and vacant lots. The educational
talks in the schools teach the youngsters
what they can do to help rid their city of
dirt. and the news is then taken home to
parents and neighborhoods.
These periods of civic housekeeping are
INDUCED in now by communities in every
part of the county, While the enthusiasm
lasts good deal of useful work is accom-,
plished The trouble is that the movement
is confined to week or SO of the year.
American cities on the whole are noted for
their untidy appearance. Papers blow along
sidewalks and in cutters and gather in shrub
berry and fence corners. In spite of the fact
that most communities provide rubbish con-
tainers on many street corners. there are eiti-
zens who toss empty bags, scraps of paper,
wrappings from candy and chewing gum,
advertising dodgers and all sorts of rubbish
out into the street. Cleanup week ought to
be stretched somehow and made year
round routine habit. 1t, nigh be handled
in the schools along with the safety work that
is teaching children to avoid traffic dangers
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-04-28

This will be good news to all city en-
ployes of the state. Mayor George Quigley
of New Britain has announced that this
summer all vacations must be taken without
pay. This includes both firemen and police
men. Of course. the mayors attitude is log
ical He declares that it isn't fair for the
taxpayers to pay salaries to city employees
while they are on vacation, yet many of
the taxpayers themselves can't afford a va
cation. We wouldn't be bit surprised to
find good many municipalities following in
New Britain's step in this regard So it be-
gins to look as if 1892 might be vacation
less year or one in which vacations are spent
at home.