davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-09
CONT RACT
BRIDGE

This is the seventeenth and last Of
series Of articles BY William E. McKen-
ney explaining the one over one system
of bidding in contract bridge.
The Washington times., 1932-07-09
BY LEWIS HANEY,

Director OF New York University Bus
reeu Of Business Research
For days the attitude of many
in Wall Street has been that
something bullish was being cook
ed up, that at least sharp tech
nical rally would develop and
then it would be time to jump
on the market with short sales.
In all this, I suspect that the
wish has been father to the
thought. A covered bear" may
be very bulliSh for the near term.
He wants them to go up 50 that
he can sell them to advantage.
ATTITUDE WIDESPREAD
This widespread attitude. how
ever, is not conducive to a good
rally. Too many traders are i'm
patient. Too many argue that if
stocks are going lower eventually,
they might as well be sold now.
In fact, I think there is too
much liquidation going on in var
iouS stocks to make any sustained
rise at all probable.
Even on Wednesday. new lows
were touched by Telephone,
Chesapeake and Ohio, Corn Prod
ucts, Endicott-Johnson, Safeway
Stores, Texas Gulf Sulphur, Tim
ken Roller Bearing and others.
The main bull points are pretty
doubtful. Lausanne can do some
thing, but not a great deal. Above
all, think that the market has
had ample chance to discount
Lausanne.
Slim Hope in Hoover
Then there is the old one about
what Mr.. Hoover is going to do
when Congress adjourns. Well.
The Washington times., 1932-07-09
FREIGHT LOADS
SHOW Loss

Loading of revenue freight for
the week ended July 2 totaled
489,27 cars, according to the
railroads reports to the Amer
lean Railway Association today.
This was a decrease of 1926
cars below the preceding week,
reduction of 178,357 cars be-
low the corresponding week in
1881, and 302,780 cars under the
same period two years ago, both
of which, however, included the
Fourth of July holiday.
Miscellaneous freight loading
for the week totaled 183,105,
decrease of 6,578 cars but 73,459
cars under the corresponding
week in 1881, and 128,588 cars
below the same week in 1880.
Grain and grain products load.
ing totaled 30,338 cars, an in
crease of 2,761 cars, but 1887
cars below the corresponding
week last year and 1887 cars
below the same week in 1880.
In the western districts alone,
grain and grain products loading
totaled 20,789 cars, a decrease of
1913 cars below the same week
last year.
The Washington times., 1932-07-09
LIFE INSURANCE
FIRM EXPANDS

The National Life Insurance
Co., Montpelier, VT. has moved
its local office from 1912 H St.
N. w., into larger quarters in the
Edmonds Building. The company
has been doing business here
since 1887 and has a large Glen
tele amongst business and profes-
Sional men.
Karl S. Hoffman, general
agent, in charge of the local Of
flee reports the company's life in
surance business in this city in
creased 113 per cent during the
first six months of this year as
compared with same period in
1881. Annuity and old age pen
sion contracts also have shown a
large increase.
With larger quarters and in
creased facilities for serving the
people in this territory, Mr.. Hoff-
man and his associates say they
expect still larger increase in
business in the next half year.
The Washington times., 1932-07-09
RAIL NET DROPS
NEARLY HALF

Glass / railroads had net rail
way operating income Of 500, ,495,-
673, from January to June, an
annual rate of return of Ill per
cent on property investment, the
Bureau of Railway Economics
reports.
In the first five months of last
year net operating income was
$189, ,886,370, or 2.12 per cent on
investment.
Gross operating revenues for
the first five months of 1882
totaled $1,355,204.742. compared
with $1,Sl7,752767 for the same
period in 1881, a decrease of 25.4
per cent. Operating expenses for
the period amounted to $1,081,-
276,419, compared with 81, ,436,596,-
929 last year. a decrease Of 24.7
per cent.
The Washington times., 1932-07-09
To FIGHT
RATE CUTS

The Eastern railroads have ap-
pointed a committee to eliminate
destructive competition by rate
cutting. R. N. Collyer, chairman
CT Trunk Line Association, heads
the group.
The new committee will unity
the policies of the Trunk Line
Association, Central Freight AS
sociation and New England
Freight Association, all of which
act Independently at present. The
Trunk line body supervises rates
in the East and the Central Asso-
citation in territory adjacent to
Chicago.
The Capitalization of control
over rates is expected to prevent
the managementS Of one or two
roads from forcing general cuts
in rates where these are not re-
quired by the Interstate Com
merce Commission.
The setting up Of the COM
mittee is in line with a recent
suggestion of the Interstate Com
merce Commission.
The Washington times., 1932-07-09
STOCKS SETTLE
DOWNWARD At
|. SLOW PACE
By LESLIE GOULD

NEW YORK, July 8 Q.N.S0.
While utilities, under the leader.
ship Of American Telephone, and
some speciality stocks were under
further pressure, the stock mar.
ket as a whole turned in a dull
and featureless session today.
American Telephone was sold
in volume, touching a new rec
ord low, and brought sympa-
thetic selling into Peoples Gas,
an insult unit, causing 1t to
break sharply to a new bear
market low.
Coca Cola Sold Heavily
Coca Cola was again subject
to heavy selling pressure in the
speciality division, although the
bell -ethers Of the industrial di-
vision such as American Can, U.
s. Steel. Dupont and WeSting.
house fluctuated within a mar
row range around their previous
closing levels.
A small amount Of short COW
ering lifted Auburn Auto moder-
ately and brought about a slight
rise in the motor group.
Coppers, oils and amusement
shares held steady, while the
rails after >.rly irregularity on
weakness N Union Pacific firmed
up.
Sales Lowest Since 1924
Short covering in the final few
minutes Of trading lifted stock
prices from their lows and
brought few fractional gains
into evidence.
Trading in stocks totaled 1885,
O6O Shares-thiS was the smallest
two hour day since Sept. 13, 1924
when 214,100 shares sold. Only
$6,523, 900 in bonds were sold.
The Washington times., 1932-07-09
Still Lower Stock Prices
Are Predicted by Haney

perhaps we had better wait until
Congress does adjourn. Mean
while just try to figure out what
he can do that he has not al
heady triedD
We are told that Europe is
buying stocks here. The best
comment is, "Oh. yeah?" Maybe
the better European bonds, but
hardly Atchison and Union Pa
cific-unleSs possibly some short
covering.
The strength in rails recently
looked like the old maneuver to
hold the market up and allow
liquidation in other groups.
We are never going to restore
prosperity by crop damage. Sur
pluSSes Of cotton and wheat are
too large to allow that.
Little Real Buying
It Is hard to find indications Of
really good buying in the stock
market. It is mostly short cover
ing, in case of the leading stocks,
with a little pool work elsewhere.
Business shows no sign of turn
ing. Even the squirt in Ford pro-
duction is about over, while steel
is flatter than ever. Car loadings
and the decline in the sales Of
Montgomery Ward and Kresge
tell the story.
The underlying bank situation
is not yet sound, and the value
of the dollar is still seriously
threatened.
All in all, I look for lower levels
this summer, and advise liquidat-
ing such leading" stocks as Steel
and Telephone and most rails on
any strong spots. Conserve re-
sources. Plenty Of time to buy at
concessions.
The Washington times., 1932-07-09
Untitled Tonnage
Of u. s. Steel Drops

NEW YORK, July 9 QNSO.
Untitled tonnage of the U. S.
Steel Corporation dropped to a
new record low level during June
with a decrease of 142,394 tons
to a total of 2,O34.7 .768 tons. as Of
June 80. it was reported today.
This marks the fifteenth con-
secutive decline in the backlog
of the corporation, and compares
with a decrease last month of
149,764 tons. In June Of last
year, the decline was 141.129
tons. The drop was generally in
line with advance expectations.
The Washington times., 1932-07-09
Business Failures
Disclose Increase

Business failures during the
past week were again more
numerous. The number in the
United States, according to the
records Of r. G. Dun & Co., was
661. Compared with GIT the pre-
ceding week, 6l3 the week before,
and Alb for the corresponding
week of last year.
The increase over the preceding
week was in the East, the West
and in the South. In the Pacific
Coast States, a reduction in the
number appears compared with
the preceding weeks Of last year.
The Washington times., 1932-07-09
COTTON BREAKS
ON WEATHER
PROSPECT

NEW YORK, July 9 GNS).
Cotton futures turned weak today
as fairly large amounts Of sell
ing orders entered the ring fol-
lowing forecasts Of generally
clear weather throughout the cot
ton belt.
Professional traders, Wall Street
and wire houses we're the prin-
cipal sellers. Brokers with Jap
anese connections sold distant
months. Co-operativeS were good
buyers Of distant months. Liver
pool and the Continent bought
on a small scale.
In connection with the recent
wet spell, the Fossick Bureau
points out that the weevil has
passed the threat stage and is
doing actual damage.
Exports of American cotton
into sight totaled $1,000 bales
this week, against $1,000 last
year. The total into sight for
the season to date is 14,602, 900
bales, against 13,07S,00o for the
corresponding period Of last
season.
ForwardingS to mills of the
world were $4,000 bales this
week, against 10000 last year.
Total forwardings for the season
to date are 12,844,000 bales,
against 10,631.0O for same
period last year.
Closing prices were off 4 to II
points, with July off 18 at SIS,
october off II at 500, December
OF Is at COS, January off IA at
GA, March off II at 6.26, and
May off II at $40.
The Washington times., 1932-07-09
World Coffee Store
DROPS 100000 BQQS

The worlds visible supply of
coffee, exclusive of interior ware
house stocks in Brazil, declined
100000 bag2 during June, accord
ing to statistics issued by the
New York Coffee and Sugar Ex-
change.
Worlds visible supply July l
was 6,646, ,6S9 bags, compared with
6,947,085 bags on June ! and g.
723 ,794 bags on July /. 1881. De,
liveries of coffee in June in the
United States were $945.70 bags
and 1,904.415 bags for the whole
world.
The Washington times., 1932-07-09
Manchester Cotton
Inquiries Increase

MANCHESTER, July 9.-An
increased inquiry in the Man
chester cotton market has re-
suited from the sharp advance
in raw cotton prices this week.
The actual turnover, however,
was disappointing, as prospective
buyers were too nervous to oper-
ate freely, believing the rise had
been too rapid.
The Washington times., 1932-07-09
CURB SHORTS FEW

NEW YORK, July 8 Q.N.S0
The short position on the New
York curb exchange on June 80,
decreased 1862 shares, from the
80, ,628 shares on June is, total
ing 31,666, the exchange an
nounced today. This is the low
est short interest recorded since
the exchange began to issue fig
ureS in the fall of 1881.
The Washington times., 1932-07-09
Short Interest Up
On Stock EXCHANGE

NEW YORK, July 9 GN.S).
The total short interest on the
New York Stock Exchange in
creased 71.15O shares during June
to a total of 2,131,783 shares as
of July /, it was disclosed today.
This compares with a short in
terest amounting to 2,060,633
shares on June 1, the lowest
since the Inauguration Of these
figures on May Is, 1881.
The Washington times., 1932-07-09
LOW ING0T OUTPUT

With steel operations at 1895
per cent of capacity, ingot pro,
duction in June totaled 897 ,275
tons, the lowest for any month
of which there is comparable
record, against 100000 tons In
May, and 2.127, 1852 last year, the
American Iron and Steel 1nsti'
tute reports.
The Washington times., 1932-07-09
WOOL FAIRLY ACTIVE

market has been fairly active during
the past week. Fleeces were somewhat
slower than during the previous two
weeks. but Western grown woods of
the finer grades moved quite freely.
The trend of prices was a factor Of
encouragement to members Of the
trade. Prices tended mostly steady
Some lines eased slightly. while others
stiffened in value.
The Washington times., 1932-07-09
Closures of Banks
Are FeUer for Week

Bank failures in the U. S. for
week ended July 7 dropped to
"a against Al for the preceding
week, the American banker stated
today.
June failures totaled 145. A
high for this year. In June, 1881.
there were 1856 suspensions.
The Washington times., 1932-07-09
GRAIN BOARD WHEAT

The grain stabilization board
reports its stocks of wheat have
been reduced to the point where
they are no longer an important
market factor. Gifts to the Red
Cross and sales have cut the
supply to 100000 bushels.
The Washington times., 1932-07-09
Here Is CHEEKY
Trade News

Deposits in Washington
banks hold near old level.
Insurance firm more than
doubles business here.
Northwest crop conditions
reported nearly perfect.
PennSy lets milIiOn-dOlIar-
terminal contract in Cincin-
natl.
June third best month for
sales in De Soto history.
The Washington times., 1932-07-09
MAYTAG OMITS DIVIDEND

Maytag Company has omitted
the quarterly dividend Of $3.50
on the first preferred stock due
at this time.
The Washington times., 1932-07-09

9% AZ zonite Prod LSO).. ~ ~ ~ 4
taJ Optional stock cash tb) Partly extra tcI Extra
sock and cash (d) Extra in stock ) Including
N) S-6Oths Of share in stock Paid 1881 (hl Pay
able stock. this year (AA) iOGS in stock
(wwl With without warrant& (s) BR.
dividend 81 ExrghtG
Dividend rate In dollars in parentheso&
The Washington times., 1932-07-06
LEGION OBTAINS
/. MILLION JOBS

NEW YORK, July 8 US).
Well over a 100000 jobs have
been found for unemployed men
and women through the Ameri-
can Legion's employment cam.
paign, additional reports from
scattered posts in the West and
Middlewest indicated today.
The campaign, begun February
is, closed officially on July with
a total of $685. jobs to its
credit, and the Legion prepared
to begin additional phases Of its
continuing effort for the eco
nomic rehabilitation Of the coun.
try.
The final reports placed New
York in the lead with q total
of 79,427 jobs. California second
with 7l,608, and Illinois third
with 67,1S3.
The formation of q labor ad-
visory council to assist the
Legion in the new phases Of its
movement, to be announced
later, was made known today in
q statement by Mark T. Mckee,
executive director of the employ.
ment commission.
The Washington times., 1932-07-06
Rust GiUes Features
Of BYrd Road Plan

Favoring adoption of the Byrd
plan of State road control, State
Senator John w Rust, of Fair
fax. told members of the Fran
coma Community League at their
meeting last night, of the saving
to be derived from the act.
The senator declared adoption
Of the plan would provide better
roads at less cost and would also
provide a supplemental State
road system Of great worth.
The Washington times., 1932-07-06
Auto Repair Shop
Looted During Night

Welding torches, paint spray
guns and other tools valued at
several hundred dollars were
stolen last night from the New
System Auto Repair Shop, 2OO7
Eighteenth st, N. w., by thieves
who broke through a rear door.
The theft was discovered by B.
c. Shelton, of Fairfax, Va, in
charge of the trim department,
who opened the shop at 1880 a. m.
today.
The Washington times., 1932-07-06
Arlington County
Clinic To Be Held

Plans for a special clinic to be
held in Arlington county are be.
ing made today by Miss Sara
Coleman, of the Virginia State
tuberculosis Bureau, and officials
of the county health department.
The clinic will start operation in
August.
DR.. c. w. Scott, Of the State
health department, will be in
charge of the clinic at the
Clarendon Health Center the
week Of August Is.
The Washington times., 1932-07-06
Close Races Loom
At COLnI1r Manor

Close contests are expected for
e.; L councilmanic posts that are
to be decided at The Colmar
Manor GMdJ town elections on
July IL.
Carl Veil has entered his
name against Robert B. Yost, who
is seeking reelection in the Sec
on dward, and Everett Hickerson
will oppose Lewis Carter, Third
ward incumbent.
The Washington times., 1932-07-06
Cracker on StOUe
Boy Badly Burned

seven.year-old Kenneth Jones
is recovering tday at George.
town University Hospital from
severe burns suffered yesterday.
Finding a large firecracker at
his home, 1869 Wisconsin Ave.
N. w., he placed it on the kitchen
stove. An explosion resulted,
and Kenneth was found lying be-
side the stove, badly burned.
The Washington times., 1932-07-06
FrdternGL Officers
Name Warren Beard

Warren Beard has heen elected
president Of the Vienna Council,
No. IL, Order Of Fraternal Amer
leans. for the ensuing year.
other officers elected by the
organization are: Charles E Bah
cock. vice president; George w.
Maben. marshal; BENJAMIN Beck
with, jr., warden; Edward K.
Miller, inner guard; Earl Craig,
outer guard, and E. E. Eldridge,
chaplain.
The Washington times., 1932-07-06
Steamer on Rocks
In Tropical Storm

SUVA, FIJI ISLANDS, July 6
GN.SO. - The British steamer
Triona. arriving here from Auck-
land. New Zealand. ran aground
today on the rocky, sandy bottom
Of a reef while entering the har-
Dor during a tropical storm.
An attempt will be made to-
night to tow her off the reef. but
it was feared the vessel would
be stranded until the spring tides.
The Washington times., 1932-07-06
IRISH COUNCIL TO MEET

A meeting of the Kevin Barry
Council, American Association for
Recognition of the Irish Republic,
viii be held tomorrow night at
the Play House, 1914 N st. N. w..
to discuss the Irish situation,
Evening star., 1932-06-07
HOUSES-UNFIIRNJSHED

FOR RENT-cHEVY CHASE. D. C.. RMS.
ba.; Spanish type; large yeranda, gar, being
made over new. s85; also near Rock Greek
Park II rms, 3 ba;: brick. 2-car gar: suit
able for one lg. family or two congenial fam
lies, $1,000 Also Chevy Chase Parkway, 8
rms, 2 la. 2-car gar.. sl25. FULTON r.
GORDON. 1927 Eye st. NV. Dis. 523l.
Even. Clev 4733
Evening star., 1932-06-07
RENT-FLATS.
REST-FURNITURE.
kEsT BOrsgs-TI7RNISHvn

n.-L as1>tc-ae.y furnish apartment in
"-I&--. M r HsEc.ahs.I. zs2l Conn. ave.
Evening star., 1932-06-07

3515 QUEBEC ST. NV.
Semi-detached brick containing rooms
and / bath. h.-w.h.. oil burner; 500.
37O2 34th ST. NV,
Semi-detached brick containing 8 rooms
and bath. garage. h.-w h; s85.
212 MILITARY RID. NV.
New home of rooms. 2 baths, 7-car ga
rage; fully detached brick and frame Of
English design: modern Nm detail.
WIN. H. SAUNDERS,
1919 ST. NV Dist 1ols
REFINED CoLORED - 4-ROOM BRICK
house, excellent condition: GOT New Hamp-
shire ave. NV; S22so. Call Clev. 9l99. TO-
COLoRED-l923 GALES ST. NE.l6 RIM.
brick; h.-w.h.. elec., gas. Rent. s37 so. e.
NJ. AIKEN, 927 18th st. Nat. 1856. Ewes.
Wise 1898
FOR COLORED TENANTS.
number OF houses for colored tenants
from s12.50 up. List sent on request.
JAMES MORRIS WOODWARD. Reaitofs
723 Goth st. NV.
(Continued on Next Pase.S
Evening star., 1932-06-07

CLEVELAND PARK. 5oas PORTER. .API;
So2-Cool. quiet; large living room, bed
Eooms. hath: kitshsn: DIM dinsts; s;,se sreTisidaiss' .
Evening star., 1932-06-07
WANTED-ROOMS,

WANTED-ROOMS,
YOUNG MARRIED COUPLE want reasonable
furnished housekeeping rooms, preferably
with private family. Address Box 20o-D,
star once.
LADY wants clean. large, unfurn. room, and
dress Box 470-C, Star once q
Evening star., 1932-06-07

COUNTRY BOARD.
ST. HHDA's HALL. Old Charles Town, W.
va. Will be open tor Summer guests from
Also for rent two furnished cottages.
SPEND DELIGHTFUL VACATION Oh large
colonial estate. modernized; private golf
course, no fees; tennis. swimming. Best Of
Southern cooking. Two hours from WASH
ington. Only SO per week end; SIS weekly
MAJ MARSHALL Mcdonald,
Media Farms, Charles Town, w. Va.
Evening star., 1932-06-07

ROOMS AND BOARD-SUBURBA
ROOM AND BOARD IN SUBURBS for gen
tleman: home comforts; excellent cooking;
references required. Phone Kensington 247
after $50 pm.
FORT STRONG VILLA. Lee Highway. va
IS minutes to Capitol; large house, spacious
grounds; cool rooms, city conveniences splen-
Evening star., 1932-06-07

RENT HOUSES-FUR. AND UNFUR.
NORTHWEST sECTToN-3s27 NV
rooms bath. maids r. and b. in basement;
sarase. large yard.
CLEVELAND PARK-Io ROOMS, BATHS,
sleeping porch. Frigidaire, garage: $50 fur
sl25 unfur; lease at once. Clev. 1924
Evening star., 1932-06-07
A31 kLI\GLE ST.

WESLEY HEIGHTS
AIIEACIlNE MODERN HOME. ROOMS
z EAIHS. PORCH AND GARAGE. BEAUTI.
FCL GROUNDS.
". {. & A. y. MILLER.
iIIs I7th St NV Decatur OSLO.
Evening star., 1932-05-24

The earliest copper coin struck IN
America was curious one, coined by
one Higley of Connecticut, and bearing
the words: "Value me as you please"
Evening star., 1932-05-24
CURB SHARES SAG
AS OFFERINGS GAIN
Public Utilities and Food Is
sues Register Sharp
Price Declines.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star. r.
NEW YORK, May 24.-The Curb Ex-
change opened lower and continued that
trend today. The decline in quotations
increased the volume Of offerings COM
pared with the preceding session.
Although selling was quite general
throughout the list, the supplies of
public utility and food shares seemed
most abundant. causing such securities
70 react more sharply than other stocks.
Eleetrlc Bond IL Share, partly as a re-
suit OF the weakness of the preferred
stocks of its subsidiaries in the late
trading Monday and partly as a result
OF the calling of collateral loans. sold
down to new low Of 7la. Cities Serv-
ice was of only small fraction at 35s,
prospects OF another decline in cleo
tr1cal output, the resumption of Fed
erai Trade Commission hearings and
pontfcal uncertainties connected with
the power and light companies caused
traders to resume offering the utilities.
This selling was. Of course, aggravated
by the calling of loans secured by such
collateral.
In the first hour Of trading new mini
mum marks reached by utility or allied
shares included Electric Bond & Share
common and Sc preferred, Interstate
Power OF Delaware preferred, Niagara
Shares Corporation. United Gas Com
mon, Mohawk-Hud first preferred
and United Gas preferred.
While this wave of selling was in
progress, the food stocks moved lower.
Great Atlantic & Pacific Tea, Carnation
Co, Grocery Store Products, Inc, and
Irunz Pork Stores opened at new low
levels: National Dairy Products A pre-
ferred was steady and Fajardo Sugar
opened up half point, moving against
the general trend.
Atlas Utilities eased, despite the
number Of new or additional acouisi-
tions it announced today. 1t stated
that 1t had acquired more than SO
per cent OF Atlantic Securities Cor
poration stock under the security ex-
change offer made April g. 1t also
now has under its control Chain Store
Stock, Inc: General Empire Corpora
ton, Sterling Securities Corporation,
Ungerleider Financial Corporation and
All-America General Corporation.
New England Fuel Oil Corporation
ordered liquidating payment of rs
cents on the capital stock Humble
Oil declared the usual quarterly COM
mon Of so cents. Lone Star Gas paid
Is cents on the common, payable in
per cent preference stock instead Of
the IS cents cash paid three months
previously.
Evening star., 1932-05-24
Markets at a Glance

NEW YORK, May "a R).-Stocks
weak; many industrials at new lows.
Bonds easy: United States Government
react. Curb heavy: Electric Bond e.
Share issues weak. Foreign exchanges
Irregular; sterling firms. Cotton lower ::
favorable weather: easier wheat and
stock markets. Sugar steady; trade
buying. Coffee higher; steady Brazilian
markets.
CHICAGO, May "a R.-Wheat easy;
rains in Kansas and Nebraska; weak
close on foreign markets Corn easy;
favorable rains Southwest sympathy
action wheat Cattle irregular. Hogs
active and strong to higher.