davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-11-16
Haney Finds Initiation
Policies illogical

Second, there is much loose talk
of "the general price level" as
though 1t were a definite thing
which had some precise meaning
for you and me.
Commodity Average
The only level Of prices we know
is an average of 784 commodities
in wholesale markets. Any one
commodity, such as copper or rub
ber, may strongly affect the whole
average.
Furthermore, no one Of US is in
terested in all these commodities,
but some of us are concerned with
one group and some with another.
Anyhow, most Of us, are not inter-
ested in wholesale prices.
And we should note that wages
and the price of services" are not
included.
Thus there is no reality in the
So-called general price level. 1t Is
Just an average Of q selected list
of wholesale commodities.
Prices Are Variable
Suppose we did get the price
lever back to where it was in
1926. Would that mean that
prices would be the same as then!
Certainly not. The same aver
age might be arrived at by forcing
the prices of tin, silver, wool and
hides much above their 1926
quotations, while copper, cotton
beef and eggs remained consider
ably lower.
AS a matter of fact, the farmers
don't want 1925 prices. They
want 1881 prices, which would b.
more favorable to them.
You see each Of us produces
some particular commodity, and
each of us consumes q certain lis
of commodities. We have dif
ferent interests.
More Realism Urged
The average Of prices may b.
the same in two periods, but IL
one most manufactured product
may be high and farm product
low, while in the other the thini
may be reversed.
We can't equalize things b!
aiming at some unreal genera
level of prices"
So, if we are to initiate, I say
that we should do something
realistic. We are off gold, so rea,
initiation must come through
paper.
AS a practical matter, there Il
no such thing as a general leve
of prices, so all we can do is tc
cheaper the paper dollar anc
thus start prices in an upwart
direction. That is what infla
tionists really want
The Washington times., 1933-11-16
GRAINS ERRAT|C
AND DEALINGS
ARE LIGHT

CHICAGO, Nov. Is UN.SO.
Grains were erratic, but generally
firm in early dealings today.
Turnover as small with operators
watching developments in the
monetary situation.
Wheat sold up a cent with
May at 93Ac. The bulge at
tracted offerings and prices fell
back only to meet support around
the previous close.
Near mid session wheat was "
to &c up, corn " to Ac up,
oats unchanged to Ac down and
rye unchanged to 9Sc up. .
Opening prices follow:
Wheat-December 09h @S95sc;
May, 93@93Ac; July, 90A 091c.
Corn-December, 47A@48hc;
May, S4h@6494c; July, S62s q
561ac.
OatS-December, 353S@35hc;
May, 3SA@SsNc; July, 37A@
3SKc.
The Washington times., 1933-11-16
Firm to Use Scrap
For BGriUn1 Steel

A new entrant into the steel
business of the country is an
nounced with the formation, un-
der the laws of Ohio, of Barium
Steel Corporation, which for the
first time in this country will pro
duce stainless steel in open hearth
furnaces from scrap by the use
Of the compound from which the
new steel company derives it's
name.
The new process permits the
manufacture of stainless steel at a
decidedly lower heat cost per ton,
according to Lawrence K. Diffen-
derfer, president. The plant of
the corporation is located in Can
ton, Ohio, purchased for $4,000
from the Luntz Iron and Steel
Company and the Canton Steel
Products, Inc, joint owners.
The Washington times., 1933-11-16
.[0AD|NCS SHOW
MORE GAINS

Car loading for the country, to
be reported tomorrow by the Amer
lean Railway Association, prob
ably will make a materially better
comparison with a year ago than
in the preceding week this year,
when betterment of 3.4 per cent
was registered over the like 1882
period.
The frs 13 carriers to report
traffic for the November IL week
showed an average gain of 6.4 per
cent in loadings on line over their
totals for the corresponding 1882
period. In the week of November
4 these roads reported aggregate
loadings on line amounting to an
increase of 2 per cent over the
comparable 1882 week.
The Washington times., 1933-11-16
NET
INCOME SCARS
THIS YEAR

Aggregate net income of the
236 industrial companies which
thus far have reported for the
first nine months of 1888 reached
$183, ,400, 900, as compared with
$17,313,000 in the corresponding
period of last year, the Standard
Statistics Company reports.
Rail Deficit Wiped Out
Earnings of Is railroads are
reported at $20,576, 900, against a
net deficit of $1,430,000, while 20
utilities earned $242, ,742 900, a
decline of 14.3 per cent from the
$283, 1885, 900 recorded in 1882.
OF tie % industrial subdivi-
SionS on which three or more
companies have published re-
turns, l3 were able to report
totals on the black side of the
ledger; Is bettered their showing
by increasing total net, by shift
ing from the loss to the profit
column or by reducing their net
deficit.
Of % groups of three or more
companies reporting for the third
quarter, only five were unable to
record profits (machinery, nom
ferrous metals, raiload equipment,
steel and iron and theaters). In
each Of these cases, however, the
deficit was reduced, as compared
with last year.
Nearly All Improve
Every industrial division sue
ceeded in bettering it's position
from that of the similar three
months period of 1882 with the
exception of the medicine and
tobacco goups, both of which had
displayed relatively high sustain
ing power during most of the
depression period.
The Washington times., 1933-11-16
CARRIER BONDS
AND j. 8. LIST
WEAKEN

NEW YORK, Nov. 16 dN.S0.
Renewed weakness in rail loans,
and an unsettled tone in United
States Governments were the
highlights of bond market trad
ing today.
Southern Railway general IS
lead the break in the carrier list
with APPOINT dip, while losses Of
q point or more were sustained
IN Southern Pacific 41as Of 81:
st. Paul IS A, New York Central
bS and Nickelplate IS.
Further weakness in the dollar
led to continued pressure on
United States Government issues,
while United Kingdom IS reflected
the renewed Sput in sterling ex-
change with an advance to a
record peak.
Consolidated Gas 412s sold off
among the investment loans,
while International Telephone
AIS of 3 dropped in the more
speculative classification.
The Washington times., 1933-11-16
Big Banks Wind
Up Bond Pool

NEW YORK, Nov. 16.-The
American Securities Invest
ing Cooperation, the bond
poor organized in June, 1882.
by 20 large banks and bank
ing houses to purchase sound
bonds for the 'lOng pull" Is
being hquidated, 1t was indi-
Gated In an announcement
today by Thomas w. Lamont,
Of J. P. Morgan q Co., presi-
dent ef the corporation.
The pool" has made no
new investments since March,
according TO leading bond
dealers. The liquidation de-
ciSiOn, IL was explained, had
been reached because cOndi-
tiOnS in the bond market were
today different" from what
they were when the pool was
organized.
The Washington times., 1933-11-16
COTTON STEADY
AND SLIGHTLY
ADVANCED

NEW YORK, Nov. 16 0.N.SJ.
Cotton futures displayed a steady
tone today, with the run of con-
tracts a point or two above the
previous closing levels.
Trading was at a slow pace,
with purchases by the trade, Wall
Street and the continent offset
ting scattered hedge, Southern and
local offerings. There was mod
crate liquidation of December in
anticipation of the first notice
day.
Texas wires continued to stress
that the peak Of the movement
was well past and that country
offerings had fallen off greatly.
Midday prices were unchanged
to two points higher, with Decem-
Der up 2 at 1907, January un-
changed at 1914, March UP / at
1923, May up 2 at 10.43, and July
up 2 at 1857.
The Washington times., 1933-11-16
PITTSBURGH PRODUCE

PITTSBURGH, Nov. Is G.N.s).-
supply ample; colored hens, 5 pounds
up, 14c; medium, 12c; leghorn hens, az
pounds up, 12c; medium, 1O@11c; tur-
key hens, 17@1Sc; ROSTERS 7@Sc; ducks,
pounds up, 1OC; under, Sc; geese,
SC; turkey toms, 1701Sc.
Butter-Market steady; demand good
supply ample; 90 score, 2SAc; 50 score,
Fl NC: SO score, 1910: standard, 22hc.
supply ample. Nearby current receipts,
IS @ csc; fresh extra firsts 3O@32c; hen
merry white extras, 35@4Oc; Southern
Ohio, West Virginia and Kentucky, cur
rent receipts, 25@2Sc; refrigerator firStS,
Is @16c: refrigerato extaS, 1914 @17hcs
The Washington times., 1933-11-16
Position Improved
Bu General Foods

General Foods Corporation
pamphlet report for the Septem-
Der quarter shows current assets
on September 80 totaled $36, 1885,
076 and liabilities $5,7O1,345, a
ratio Of 6.4 to /. A year ago, the
ratio stood at 5.6 to l. Cash and
securities, less reserve, were $10,-
731,923.
Net earnings for the 1888 third
quarter show q gain Of 80 per
cent over those Of the same three
months q year ago, Colby M.
Chester, president, stated. The
first time in more than three
years that quarterly earnings ex-
ceeded those Of the like period
in the preceding year.
The Washington times., 1933-11-16
CLOTH MARKET DULL

NEW YORK, Nov is S).-Ex-
cept for a few moderate sized orders,
the coarse yarn cloths market was quiet
today, with prices generally unchanged
from the previous day.
There was a more apparent tendency
on the part of some mills to sell goods
and this resulted in movement of some
print-cloth styles at "A cent under the
market for quick shipments.
There were many in the market who
were still convinced that inflationary
movements are bound eventually to find
reflection in raw cotton and subse-
quently or concurrenly on gray goods.
The Washington times., 1933-11-16
News of Nifty
Trade Gains

Sun Oil Company cuts
stock melon. E.Penick and
Ford and National Finance
Corporation declare extra
dividends. Prentice Hall and
Standard Oil of Kansas re
sumo dividend payments. =.
Bucyrus-Erie Company and
]. d. Case and Company pay
accumulated dividends. Net
for Columbian Carbon in
nine months 20 cents .
share above year ago. Gran
ite City Steel Company profit
nearly doubled in third quar-.
ter. Electric output for
week 6.3 per cent above year
ago.
The Washington times., 1933-11-16
WESTERN DAIRY PRICES

CHICAGO. Nov. Is G.Ns.).-Butter-
11,467 tubs; steady; old cars, IS; new,
21h; extra firsts. @21h firsts,
Is Y @2O; seconds, 17@17h; specials,
22% @23h.
Eggs-12O cases; firm; old cars, =
ordinary current receipts, 21624; fresh
graded extra firsts, less than cars 2Sh
cars, 2Sh; fresh graded firsts less than
cars. IS; cars, 26; dirties, 12@l4h
checks. 10619h.
Characterization and twins, 12@
12A daisies, prints and longhorns, 12h
012%,
The Washington times., 1933-11-16

ton, and some
IN anagement"
of the currency
for the purpose
of S t a b ilizing
prices.
It should at
least be recog-
nized that there
are diff f e rent
means of at
tempting them.
Many methods
may be tried.
Some would be
m Oro rnQSOn-
able than 9TH
The Washington times., 1933-11-16
CHICAGO LIVESTOCK

CHICAGO, Nov 1S UNa).-Hogs:
$4,000; 10c lower. Top. $40; bulk. $3,75
@4.35; heavy, $3.76@A40: medium, $40
SS.f6@A25: packing sows, S325@3.76i
pigs, $3@3s0 Holdovers 10000.
Cattle-6,0OO; steady. Calves. 1000
steady. Beef steers-Good and choice,
$3.50 @6.25; common and medium. SO. SO
@5.50; yearlings, $4@6.40. Butcher cat
tle-Heifers, $4@6.25; cows, $2.25@4i
bulls, $2.50@s.75; calves. $4@6; feeder
steers $4@5; stocker steers $3@A5O;
% sheepcIc S oo6 cnG atesdy seysr LsmSs SS'S sSo7;
common, $405; yearlngs, $4.2565.25;
feeders, &6.76@6.25; ewes. $1.SOQ2.75.
The Washington times., 1933-11-16
Columbian Carbon
Profits Increased

Columbian Carbon Company
reports net income in the Sep
tember quarter was 1921, ,678, equal
to 81 cents a share, against $243,-
967, or IS cents a share, in the
preceding quarter and $199,41S,
or 81 cents a share, in the like
1892 quarter.
Nine months net income was
$777,978, or $1.44 q share, COM
pared with $669, 1853, or $1.24 a
share, in the corresponding period
last year.
The Washington times., 1933-11-16
SOUTHERN BOND LIST

Madison & Co., Inc, New York,
dealers in municipal and govern.
ment bonds, have issued a circular
containing list of current mar
ket quotations on 331 issues of
Southern municipal bonds. In
cluded in the list are quotations
on 1874 North Carolina, so: South
Carolina, IS; Tennessee, 80; Mis-
siSsippi, and AZ Louisiana issues.
The Washington times., 1933-11-16
FARM EQUIPMENT EXPORTS

Exports of agricultural imple.
ments from the United States dur.
ing September were valued at ST.
412,839 compared with $836,536 in
August and $783,158 during Sep
tember, 1882, according to figures
made public by the Commerce De
partment,
The Washington times., 1933-11-16
LEHMAN ASSETS DOWN

The Lehman Corporation re.
ports net asset value Of $3.50 a
share on November 13, compared
with $84.01 a share as of June 80,
last. ....
The Washington times., 1933-11-16
BY LEWIS HANEY,
Professor of Economics, New York
University

University
It is apparent that a good
many people believe in the de
valuation" of the dollar, infla-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-04-21
x Ne7O StyleA Ne7v Leathe1M Ne7v ColOr%

Name color leather You'll find them in this popular
group OF shoes at S95 The style selection equally
Pumps ties strap effects in versions High medium
and low heels Perfect fitting Shoes All sizes for
and misses Widths IA c. BIOCKs-Dovnstairs Store
The Nome nugget., 1933-12-09
MIR. AND MRS. ROY WAUGAMAN
 MEET SUDDEN DEATH

While her 17-year-old son watch ed from another airplane. Mrs. Roy Waugaman and her husband, both of San Diego, spun to their death in an airplane crash on Trlpp fiat, near Anza October 5. 1883.
 Three other passengers in Wau- gaman's plane, two of them San Diegans. were injured seriously. Mrs. Verna La Place. operator Of a dining room at S10 Ash street. was not expected to live. Both legs were broken and she suffered fractures of the h D and skull, Lester Pudy employed at the din- ing room, was reported in a ser ious condition with fractured wrist ribs and a poss ble skull fracture.
 The fifth person in the. wrecked ship was Paul Ollinger, Anza home steader He suffered a broken nose, cuts and possible internal in juries.
 With Ralph Jefferson. Mrs. Waugaman's son. the San Diego party had flown to Tripp fiat in Waugaman's plane Wednesday to visit MT and Mrs. Thomas Fred erick, formerly of San Diego. who are living near there. Wednesday night Waugaman ,telephoned sto L.ndbergh field that he would not return until yesterday. 4s4
 Yesterday morning Frederick took off from the improvised air port with his wife and young Jeff erson in his ship. He watched as Waugaman, his plane loaded, took the air laboriously and swung to miss the mountains that encircled the field. "He had cleared the hills. but his ship stalled and spun in, landing on it's nose among boulders on the hilltop" Freder- ick said.
 Before Frederick could land and
The Nome nugget., 1933-12-09

reach the wreckage, C.C.C. boys from nearby camp had extricat- ed the injured. They were taken in automobiles to a hosptal and Frederick and Jefferson to San Diego. He was inclined to at tribute the accident to the heavy load and the rarified air of the mountain flying field.
 Waugaman, a marine engineer, retired about two years ago and came here from Nome, Alaska. Since then he had divided his time between San Diego and Wat sonville, where his mother is liv- ing, or San Francisco, friends sa d yes erday. He was married about a year ago, it was stated.
 Mrs. Waugaman is survived also bya daughter Edith Jefferson. 15, and married daughter sad to be living in Las Vegas. Ney The Waugamans and the two children had been living at 2640 Columbia street since the'r return from San Francisco few weeks ago.
The Nome nugget., 1933-12-09

Never has an appeal for charity fallen on deaf ear5 fn Nome. An appeal is being maaa on behalf Of
 he orphans and ctildreL. of the I liarim Hot springs mission to |all WHO can render asSistanee,, in provid 'ng those. in many instances children with Christmas All of our Alaskan missions who in the past have re- the outs de. have virtually, on ac- count of the financial straits of the people of all countries been forced to carry on the work un- der strengthened circumstances. We are asked to contribute a little Christmas cheer to those little ones.
 MT. James Cassidy has kindly consented to contribute his share, by carrying contributions to the spring, with his dog team. Jack solomon the we'll known tailor and cleaner. has also donated his dog team. All gifts can be left at A. Polets store or with the Rev c. Menager at the Catholic Church or see MT. Cassidy per sonally. MT Cassidy leaves for the springs Tuesday morning.
The Nome nugget., 1933-12-09

pearsnces. It is known that some Of the most orig nal winners ot prizes in the past have been workF' ing secretly for some time on their costumes but so we'll they have guarded their makeup that not even d hint of what is going to happen can be ascerta ned.
 Nome is pleased 10 have so many new friends wintering for the first time and from them is expected that many new ideas. will bes9laun- ched for the first time and un- doubtedly they will capture q large portion of the prizes.
 The number of prizes this year is larger than ever, the number has increased to 26 from which two cash prizes will be door prizes to which every one attending VIII have an opportunity to win. Ten prizes are for stated costumes and fourteen prizes are for special costumes. Judges will be selected during the evening.
 The adm .ssion fee charged is $10 for maskers on the floor. Gallery, 50 cents, Children of school age, 25 cents. Sos5eharge Twill be made for children under school age with parents
The Nome nugget., 1933-12-09
EAGLE MASK BALL
 TAKES PLACE TONIGHT

Tonight is the night. the place IS the large Eagle Hall The doors will open at g pm. Music will start at 9:30 A capacity house. is expected and those ex- peeting a good seat to look on will do we'll to go early, as. if all that say are going will go the sign of SR.O. will be hung early in the evening.
 Many new surprises in costumes are expected to make their ap-
The Nome nugget., 1933-12-09

At the regular meeting of the Pioneers held last Wednesday ev- .ening nomination. for officers for the ensuing year were made. The various chairmen on the roof gar den committees reported excell- ent progress. It was confidently
 predicted that the coming roof garden would be the most success ful of any similar event held for syears. The basis for this optim- ism rested on statements that Nome had larger population
 shan she had for recent winters and everybody of course will be
The Nome nugget., 1933-12-09

anxious to enjoy the pleasures and bon homme atmosphere that D oneers alone can furnish.
 All committee will meet tomor- row afternoon tSunday) at I o. clock to put the finishing touches on all phases of the program. A hundred percent attendance is re- ques ed.
The Nome nugget., 1933-12-09

Mrs. Andrew Sather. popular young bride. was pleasantly sur prised Thursday afternoon. by a miscellaneous shower.
 It was given by Mrs. Wilfred Boucher at the home of Mrs. AL v.n Polet.
 Eighteen ladies joined in mak- ing pot holders, dish towels and aprons for Ellen. While every one was busy sewing, Mrs. Sather was presented with large basket loaded with necessary articles for the home
 At four o'clock delicious lunch was served.
 Everyone joined in wishing Ellen much happiness, in this, her new Nome.
The Nome nugget., 1933-12-09

Sam Dadaes who has been in the hospital for the past ten days is recovering from severe illness under the skillful treatment of Dr. Swartz.
The Nome nugget., 1933-12-09

Herman Johnson suffering in juries received by fall is fasi recuperating.
The Nome nugget., 1933-12-09

Roy Larson is fast recovering from an operation.
The Nome nugget., 1933-12-09
LOCAL NEWS


 During the past week the pub hsheR4of the Nugget has been con fined to bed with an acute attack of bronchitis. but under the skill full treatment of Dr. Rev Swartz was permitted to invade the print ing office this afternoon to put the finishing touches to the forms in readiness for nprinting. The editor also wishes to. give praise, to Clinton Gray, the linotype op- orator and to other kind friends who volunteered their services in writing the articles thus, making it possible for our subscribes to receive their paper this evening.
The Nome nugget., 1933-12-09
HOSPITAL NOTES

Mrs. Palmer who was taken to the hospital recently is resting easily.
The Nome nugget., 1933-12-09

Mrs. Karaluk from Golovir
 is patient at the hospital.
The Nome nugget., 1933-12-09
NAT ACTIVITIES

Sunday, Dec. 3, Pilot Brown of the NAT arrived in Nome from Fairbanks al 9 a.m with small quantity of late mail. sI
 Pilot Brown took a native, lone. to White Mountain, Dr. Braafladt to Golovin and returned with Hugh Pearson fom Council.
 Monday, Dec. 4. Pilot Brown left at II am. for Fairbanks via Koyuk with Mrs. Havercamp..
 Pilots Brown and Ross are now in Ruby awaiting favorable wealth CT to come to Nome, with capacity loads.
 soURDOUGH.. STATIONERY FOR SALE AT THE NUGGET OFFICE.
Evening star., 1933-06-17
20 YEARS AGO
IN THE STAR

TODAY Is Boosters day at the
l. American League ball park, and
many members Of the organiza-
ton Just formed to support the
Washington team are expected to be
and Ben Minor, president of the
spoke at the organization meeting at
be Washington's opponent today,
and George Mullin will pitch for
the Nationals.
Chicago defeated Washington yes
terday, Al. Bob Groom, National
Bodie, Sox left fielder, clouted q
homer. Others in Chicago's lineup
were: Rath, second base; Lord, third
base; Chase, first base; Collins, right
field; Mattick, center field Weaver,
shortstop; Schalk, catcher, and
Russell, pitcher
Mary Browne and w. r. Tilden,
jr., won the national mixed doubles
tennis title, defeating Dorothy
Green and G. S. Rogers.
Asbury Browns, claimants to the
colored District Of Columbia base
ball championship, defeated the Ex-
Giants, SIS. Cooke did some timely
hitting for the winners. Ford, Gate
wood, Cy Young, Brown and Turner
did battery duty
Eddie Plank Is proving the Ath-
letics' most consistent pitcher.
Country Morris and Burton Ship
ley, Maryland Aggie athletes, are
playing well for the American Sc
curity & Trust Co. nine, which yes
terday took first place in the Capital
City League by banking Cornell Co.,
which had been leading, 80. Rain
halted the game in the sixth In
ming. Chris Fienle, winning pitcher,
did well and got fine support. Rid
die, Hayes and Boykin were others
who starred for the winners.
Mohawks drubbed Shamrocks,
1912, in the Southeastern League
Weaver, Raba, Spaulding, Hayden
and Rodder were standou. players.
Untz Brewer pitched War Depart
ment to Al win over Holy Name
in the Marquette League. Howard
starred afield for the victors.
In the Northwestern Sunday
School League Mount Pleasant and
Fourth Presbyterian fought to %
tie Both Peck of Mount Pleasant
and Austin Of Fourth Presbyterian
pitched strongly. Others whose play
was noteworthy were Pierce, Tib-
bits, Mills and Macintosh.