davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-04-23
STOCKHOLDERS SHOW
FAITH IN COMPANIES
Public Makes Allowances for Dif-
fculties in Maintaining Earn
ing Power of Firms.
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 22.-Spring's mel
lowing influence has been absent from
some recent stockholders meetings, but
on the whole shareholders have been
amiable toward executives In spite OF
dividend cuts and dividend eliminations.
A number of executives who were
prepared for pungent criticism were said
to be agreeably surprised by stockhold-
ers' sympathetic attitude. Far from be-
ing unfriendly and irritated, share own
ers at most of the elections Of imp0r-
tant companies have sought to make
things as comfortable as possible for
management by eschewing that why
dnt-you-do- better for-our-company?"
position.
It Is true the American Tobacco meet
ing last week lacked the congeniAlity
that goes with mounting earnings. More
than 100 minority stockholders hurled
word bricks 1T officials for paying cash
the company said, stockholders endorsed
The A. T. & T. session few weeks
ago, however, contained as much "fam-
fly atmosphere" as in the past. In Wall
Street the permanenoy Of the company's
SO annual dividend rate has been ques-
toned. The stockholders, though,
showed not the slightest disposition to
back President Walter s. Clifford into
a corner and demand q statement on
dividend intentions.
Good feeling, under less auspicdous
conditions, marked this weeks annual
meeting Of the Northern Pacific Rail-
way. President Charles Dounelly ~
there was as much sympathy ln1 -
desstAndtpe - at previous -
Evening star., 1933-04-23
FIAT MONEY PUTS BURDEN
ON WACE-EARNINC CLASS
Large Issuance of ~Greenbacks" by Gov
ernment Raises Cost of Living at
Expense of Workers.
Special Dispatch to The Star.

Special Dispatch to The Star.
n YEW YORK. April 22.-That sec
M ton of the farm bill which re-
lates to the administrators
/ y proposals regarding imitation
and which causes most anxiety
directs the Secretary Of the Treasury
to authorize the issue Of United States
notes.
The feeling is that even with this
high-sounding name they smell like
"greenbacks." And "greenbacks" are
popularity known as fiat money" 1t
was the act of 1862 that first permitted
the United States to issue notes OF this
character and to embark on an era OF
imitation which led to successive issues
Of irredeemable Government paper.
Redemption Plan.
The difference between the green
backs" of earlier days and those that
may become financial expedient, in
case other provisions in the farm bill
are not workable, is in the proposal
that the United States notes are to be
redeemed annually at the rate Of per
cent Of the outstanding issue. They are
to be legal tender for all public and
private debts. They would be issued
in denominations from 81 to $4,000
and for the purpose "of meeting ma
turing Federal obligations to repay sums
borrowed by the United States and for
purchasing United States bonds and
other interest bearing obligations Of the
United States" The aggregate amount
at any one time is not to exceed
$4,000, ,O00, 900.
It is to be hoped that an emergency
will not arrive when recourse must be
made to financing Government require
ments by paper in this form. The effect
of it has always been to depreciate all
other kinds of currency and to drive
out good money by the weight of bad
money. Furthermore, once started such
an issue never seems to be in sufficient
quantity to satisfy the cumulative de-
Evening star., 1933-04-23
CURRENCY CIRCULATION
GAINS $5,000,000 IN WEEK

By the Associated Press.
Actual circulation of the new cur
rency was increased by $4,000, ,000, 900
during the week ended April 10 to
total $24,529.000. There is total Of
$37,064, 900 outstanding. but $12,535,-
900 of this amount Is held by the Fed
eral Reserve issuing bank. It is backed
by $46,552, 900 of paper made eligible
by the emergency banking act, includ-
ing $41,744,000 Of securities Of the
Government.
The Minneapolis Reserve Bank EN-
ployed the new currency for the first
time during the week, placing SIC. 900 in
circulation collateraled by Government
securities.
Other Reserve districts which have
taken advantage of the new currency
privileges are Boston. New York. Phila-
delphia. Cleveland and St. Louis, with
New York accounting for more than
half, having in actual circulation a total
Of $16,987, 900
Evening star., 1933-04-23
LAW ON BUILDING
APPRA|SALS URGED
Contractors Seek 'BIue-Sky'
Legislation on Realty
Assets.
BY the Associated Press.

BY the Associated Press.
Formal recommendations that the
proposed national blue sky bill shall
contain mandatory requirements for
certified building appraisals in con-
nection with real estate bond issues
will be made by the governing board
of the Associated General Contractors
of America.
The association declares that respon-
sible contractors believe that such a
provision would go far toward re-es-
tablishing confidence in construction
securities and would bring about an
investment revival in projects necessary
for the continued progress of the Ma
I'VE propose" Edward J. Harding,
managing director, declared. that
there be inserted in the act a require
ment that in issues based on real
estate mortgages, there shall be filed
with the proper authority as a matter
of public record standardized form
Of consolidated appraisal, the same to
be certified to by architects, engineers,
general contractors, realtors and fiscal
agents.. respectively, and that copies
of such consolidated appraisals be
available to the public at nominal
charge. This, we believe, will prevent
the issuance Of securities in excessive
amounts, which in the past frequently
have been far in excess of any in
trinsic worth of the underlying prop
erty"
Groundwork for the recommended
tons will be laid at the annual meet
ing of the governing board of the as
sociation here on May l.. Other sub
jects to be discussed will be the
launching of construction backed by
Federal credit; the activities of allies
Of organized contractors as carried on
through the Construction League of the
United States; the new results of nego-
tiations with surety companies looking
toward more active cooperation in the
Improvement Of surety bond writing;
and numerous specific legislative pro-
posa1s.
Evening star., 1933-04-23
POTATO MARKET.

CHICAGO, April ~ IP.-(U. s. De-
partment Of Agriculture) Potatoes, 50;
on track, 28s; total United States ship
ments, $50; old stock, supplies moderate,
trading moderate, market firm Idaho
rllssets, steady ON other stocks. Wis
consin round white, few sales IS: Idaho
rllssets mostly 1.40-l. As: Colorado Nc
Clures, 150; Minnesota Red River Ohios,
TOTS; new stock. supplies liberal, trad
ing moderate. market weaker; Texas
bliss triumphs, No. l. 2.4o-2.55; No. 2,
1.50.
Evening star., 1933-04-23
1902 MARYLAND BANKS
ION 100 PER CENT BASIS
State Commission Reports on Con.
dition of Institutions Follow
ing Recent Holiday.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, April IA List Just
issued by John J. Ghingher, Maryland
bank commissioner, showed that 66
State banks and mutual savings insti-
tutions, not members of the Federal
Reserve System, are open on 100
per cent basis, 81 are open under re-
strictions and are not open. OF the
banks open under restrictions. l is
operating on Is per cent basis, 4 are
on a 10 per cent basis. IL on per cent
and Al on a per cent basis.
In regard to Federal Reserve member
banks, the Baltimore branch of the
Richmond bank showed that 26 Mary
land institutions are open In full and
81 are not fully opened.
These statistics show that 102 State
banks, national banks and mutual saw
inss banks are now operating n 1ayy.
lapA enA 100 pr eeut- balias
Evening star., 1933-04-23

showing the first three months Of the
present year than in the like period a
year ago. The net loss in the first
quarter Of this. year totaled $15,572.22.
compared with $23,509.75 in the cor
responding quarter of 1882. This was
the first of the March utility state
ments to be filed with the commission.
All the others are due this week.
Heard in Financial District.
Lawrence R. Leeby & Co., Southern
Building, dealers in investment securi-
ties, are distributing pamphlet giving
"A Digest of the Brewing Industry as
q Guide for Potential Investors" The
circular goes into the position q the
industry n much detail .t.. 4.
Evening star., 1933-04-23
Sugar Melt.

NEW YORK. April 20 IP.-sugar
melt Of 13 refineries In this. country
totaled $4,000 long tons from. January
! to April IS. Deliveries amounted 70
$4,000 tonA .-.-----i---L.- -A4
Evening star., 1933-04-23
MONETARY GOLD STOCKS
OF U. S. CONTINUE GAIN

BY the Associated Press.
Monetary gold stocks of the United
States continued to rise during the
week ended April 10 as the change was
recorded by the Federal Reserve Board
In the table that follows the total stocks
are given for comparable periods, as
announced by the board:
Previous week, $4,293, 900 900.
Same week last year, $4,377, ,000, 900.
Evening star., 1933-04-23

mand for it. And It does not do fol-
the public at large what its sponsors
claim for it.
AZ an illustration, take the effect on
prices and wages during the green
back period Of the Civil War. The
price Of gold in currency rose from a
premium Of per cent, shortly after the
suspension Of specie payments at the
end Of 1861, to 72 per cent in the early
part of 1868. In that year the price
level, on the basis of 100 in 1860, had
risen to 1886, while the advance in
wages had been only 10 per cent. In
1864 prices were 90 per cent higher
than in 1860: wages were up only Is
of earnings greatly reduced, wage earn
ers carried the heaviest burdens OF
those days. This was especially true OF
Government employees and those who In
this generation are described as the
''white-collar class"
Would Destroy Savings.
The span of 70 years since the Civil
War has not produced economic changes
that will prevent similar burden on
wage earners and the salaried class in
the event that imitation becomes violent
and uncomfortable. Not only that, but
it will wipe out savings Of those who
have invested their funds in high-grade
securities and mortgages and will only
be OF advantage to the speculative
groups. This has been the uniform ef-
feet of imitation in every nation that
has finally yielded to its lure for cor
recting what has seemed to its people
to be the unsupportable strain Of years
Of deflation. An exception Is the ex-
perience of Great Britain.
The United States Is in peculiarly
strong position as to its gold holdings
and its trade balances. Therefore, con-
fidence is felt in its ability to manage
imitation rather than to become inf1a-
tons victim.
(Copyright, 1933)
Evening star., 1933-04-23
World Zinc Production.

NEW YORK, April % R.-World
zinc production in March aggregated
g., ,826 short tons, against 1850 In Feb
ruary and 80,158 in March, 1882, re.
ports the American Bureau Of Metal
Statistics. Output In the United States
amounted to 32,0o5 tons, IA Increase Of
Abolat 1000. tons oRer IebguAER- =.
Evening star., 1933-06-30
NEW YORK, June 30.-Following is
~ story of the Camera -Sharkey
fight lsst night by rounds:
ROUND ONE.

The huge Camera moved majestically out
Of his corner like al ;ancisnt hroad,beamed
him but Primo caught his left hook on his
lis @fs sa@e
left hook to the head Sharkey ripped back
in ", with both hands to the body but as he
eli balance. hurled him across ot the rins and @
nearly nearly drove % him through the ropes. In IN
mendous Italian heaved him across the ring
shakey sS
body and banged beautiful right OF the
round. as the bell sounded
ROUND TWO.
Boxing carefully. Carnera led with his
long left and smothered Sharkey as the
champion drove to close quarters Sharkey
he ns ds 50 OF could p% Be eISra al
the ringside as he flung a long right that
missed. Another terrific right to the jay Jaw
the ropes as Sharkey followed him with
prey prey sharkey iunged ias again and his right
cracked on Cameras chin. Primo enveloped
tie in his huge arms as
was sneering at the tremendous Italian as
he feinted. searching for an opening. with
gong sounded.
ROUND THREE
Sharkey was fighting a very careful, very
heady fight, moving constantly around,
feinting for openings. He got Camera set,
but his right bounced from the ~ Italians hit
lamp post Again Sharkey flung himself in
and as Cameras arms failed about. missing
him with a dozen punches. the champion
drove a furious right to the head and
hard left hook to The body. Camera was
falling back more, and more on the defen. en-
head tented to bring Cameras arms up.
and smashed his left into the huge II Italians aIls
side. Sharkey wove in with hsrd rlgnt
to the body. but Carnera roughed him with
Evening star., 1933-06-30
Notes on Fight

NEW YORK, June 30.-Postmaster
General James A. Farley, who rated a
front-row seat when he ruled the box
ing industry in New York, was back in
the third row as nationally influential
political and governmental figure at the
Camera -Sharkey fight at the Madison
Square Garden bowl last night.
Camera was 6-5 favorite in the little
betting group gathered outside the
ringside. It was the first time in
memory that q heavyweight challenger
had ever been established favorite.
Gene Tunney added his presence to
the critical cast of former champions,
along with Tommy Burns, title figure
in the days after the retirement OF
Jim Jeffries.
A block of 800 nimble occupants OF
the $3.50 seats made concerted rush
to ringside chairs in section 8 at $3.50
O'Clock. Ushers were swept aside and
in some instances holders of SIS seats
were lifted bodily to make room for
r,lshers. The 800 stuck to the end.
Johnny Dundee worked his way to
the ringside, but the green-coated usher
showed no awe for the veteran. They
threw him for loss, into the cheaper
seats.
Both Sharkey and Camera wore
black trunks with red trimmings:
There used to be q rule that one must
wear purple. Purple is for kings:
Maybe the boxing commission figured
there was no king.
Evening star., 1933-06-30
Secret Punch Beat Shakey Declares Ca1neu G Donnng Ring Co
Story of Fight by Rounds

both hands about the head as he pushed him
along the ropes. The bell caught Sharkey
tearing back for more.
ROUND FOUR.
Carnera stuck out his long left hand. but
Sharkey slipped under It; pulled tux away IRON IRON
volley into the Italians body; The cham,
pion was away again before Carnera could
S BACK now ls with with his lett poised waiting con-
missing, often. Carners took two hard let's let's
close to draw a warning from Referee Qop-
sn Ing left s jabs psS and carnera suddenly swung
Shey Sssd s, LEFT sssa hand 1S s han. a% In ar:R :ne
ing a warning for holding and hitting. then
another for backhanding. He threw Sharkey
tossing a voiley bali as the bell rang.
ROUND FIVE
sharkey poked at Cameras body with .
left until he drew the giants f1sts down. but
Primo put his hands up in time to block
ef saot To the 20 body Camera srabSed him.
him and banged him with his free hand,
drawns another warning from nd she .ehed
his left to the Italians ribs again. Camera
hooked two. lefts to Sharkey's Jaw, but the
Tented his hands down and smashed Q ter
rife right It, to the giants temple; ,CarneTa
ing to come down. but he held and recov-
cred quickly as Sharkey failed to night clear
of his tremendous arms. But Sharkey was
right back on him. swinging left hooks to
the head. his right cccked for q nntsher
rang before he could do more than IRE a
long left to the Jaw.
ROUND SIX.
Bending low. keeping his head down
around Cameras waist. Sharkey, stabbed
up into the Italians face. then hooked two
lefts to the body. Carnera drove in with
both hands, catching Sharkey on balance,
the ring Sharkey slipped to the hoor. He
was caught of balance and came up without
held the Champion off with his left and
ripped four ponderous rights to Sharkey's
body right uppercut doored Sharkey and
he was counted out.
Evening star., 1933-06-30
BY BILL KING,
Associated Press Sports Writer.

n YEw YORK. June 30.-A-
nj though unaccustomed to be-
IN ing knocked out, having ex-
perienced that sensation only
three times in his II years in the
ring, Jack Sharkey accepted his de-
feat by Primo Camera with much
more grace than he did most Of the
victories that carried him to the
heavyweight throne.
Its been a long time since this
happened to me-" he declared calm
", and, without malice, added, Il
suppose lot of people are happy
now."
From the time Sharkey's saddened
handlers led him from the scene Of
his downfall, which q year ago saw
his title victory over Max Schmeling,
the Boston boxer was calm and quiet.
He was still dazed when he en-
tered his quarters, but q cold shower
quickly revived him. As If refer
ring to some casual matter, he asked
for an explanation Of his defeat.
Evening star., 1933-06-30
RAY STEELE EARNS
SHOT AT MAT KING
Bout With Londos Seen as
Reward for Sensational
Win From GaribaIdi.

~ AY STEELE of California, the
- Independent wrestler, so he
claims, today obtained his first
grip on a Londos match in
months as a result Of his thrilling, Al
minute victory last night over Gino
Garibaldi in Grifhth Stadium.
1t was q thudding kick to the Carl
baldi mandibles that won for the first
vice president Of the mat firm Of Lon
dos, Londos G Londos.
Garibaldfs tactics gave the impress
sion to some $500 spectators that he
was attempting to 'pick on" the re-
Gently mended jaw Of Steele, broken
some weeks ago by Frank Judson. The
victim Of many body slams through the
match, the huge Italian invariably
lashed out, on this third trip to the
canvas, with his feet Steele caught
each thrust Of Gino's feet squarely
on the whiskers, went down, and for
time was sufficiently discouraged to
allow Garibaldi time to recover.
The end came when the huskies were
taking turns heaving the other in and
out Of the ring. Garibaldi threw Steele
to the mat and attempted to climb
aboard the Californian's chassis. Rush
ing forward, he smacked into Rays size
IL feet, propelled by a pair Of muscu-
lar legs, and went down in a heap.
Steele merely had to turn him over
The remainder Of the card proved
highly entertaining. Dick Shikat, for
mer title holder, handily disposed of
Henry Piers Of Holland in the semi
final. throwing his foe in 18 minutes.
Floyd Marshall and Son Jennings went
at it hammer and tongs for 20ia min
utes, when Marshall inserted a few
telling elbow whacks and pinned the
Indian. Pat OShocker continued his
winning streak in another preliminary
by tossing Fred Grobmier in % min
utes, and Abe Coleman was awarded a
strange decision over Frank Spears at
the end Of their Commute match. Each
was on his feet, but Referee Cyclone
Burns insisted Coleman was the winner.
Evening star., 1933-06-30
GIANT, IN DE[|R|UM
OF Joy, LIKE CHILD
"Primo Is Champ; Now My
Mama and Pape Be Happy"
His Constant Chant.
BY GAYLE TALBOT,
Associated Press Sports Writer.

n YEW YORK, June 3O.-The
M new heavyweight fighting
/ Y champion of the world,
Primo Camera Of Italy,
sat back in the corner of a blis-
tering little room out on Long
Island last night and beat his
great hands together like a de-
lighted child as he chanted in
roughshod English:
boy! Oh, boy! Oh boy! Now
my mama and papa be happy!
Now my mama and papa be
happy! Primo's champion! Now
they be happy!"
Over and over, as though dazed, the
tremendous man who few moments
before had battered Jack Sharkey into
helplessness, assured himself it was
true He would stop long enough to
shake the hands of those who had
fought their way into the cubbyhole
dressing room, only to lapse again into
his chant of victory.
1t was hot in there. Sweat poured
but Primo was too deliriously happy
to mind it. He shook hands with
little dentist who had fashioned the
mouthpiece he wore in winning the
title; to the best of his ability he
answered any questions shot at him.
The naive man mountain is likely to
make a popular champion.
Duffy Explains Punch.
DETWEEN draughts from a bottle
r. labeled beer" he told how he
won from the super-boxer, Jack
Sharkey.
It hit him with a left and he fell
into the ropes. know he's hurt and
follow him. Pretty soon my right
uppercut catch him, and that is all.
He go down and know he stay there"
The blow that telled the ex-sailor
was one all the experts had said Primo
didn't possess.
I've been teaching that right up
percut for months" revealed Bill Duffy.
the man who is credited with having
made boxer out of the former circus
freak. 1--WE practiced it in private. just
Primo and me. and / knew in my own
mind what would happen when it
landed on Sharkey's chin. One was
enough"
In Cameras opinion, Sharkey was
better man last night than when he
gave Primo beating two years ago.
Ready for EN- AL.
~ YES. I think he's better this
time" declared the unmarked
champion. But was better
than that, eh?" And his great laugh
pealed through the crowded quarters.
Jack never hurt me. I feel better
all the time. stronger, and I know
going to win after the third round.
Jacks knees wobble when I hit him
in stomach I say oh, oh. it won't
be long now Then Mr.. Duffy tell me
to go get him"
As far as Primo is concerned they
can bring on the challengers now. He
probably is the most confident cham
pion who ever demanded the big end
of the gate
81 fight Baer I fight anybody. I
whip all of them. You'll see. Primo u
champ
Evening star., 1933-06-30
Cob Knocked Cold as Frozen
Herring, Says Grantland Rice;
Carnera Laughs Off Punches

against the ropes-not hurt, but badly
Jared. This swing proved that Car
neras 260 pounds had something back
of the whistling leather. You can't
lift 20l pounds with q mere push.
And then Sharkey went back to war
with a rush and a dash that have
never seen him show since the first
round of the Dempsey fight. He ripped
and tore into the paving. mauling
mammoth with lefts and rights. He
set the pace and forced the fight. He
missed more than one wild right to the
jaw and Carnera blocked more than
one heavy, dangerous left-but 1t was
Sharkey leading the attack.
~ARNERA was warned more than
~ once for hitting in the breaks.
When it came to matter Of mere
strength, Sharkey was only q child.
The massive italian threw him here
and there with push and shove.
Sharkey, the champion, was the first
to enter the ring at $50 with . rolling
ripple of excitement from the crowd.
Sharkey wore nothing but q white,
fuzzy towel over his ring costume. He
continued to wipe the perspiration from
his brow with his gloved hands.
Carnera, the last of the mammoths,
slipped through the ropes just 10 sec
onds later. The Titan Of the T1ber
wore long green cloak over his night
ing togs.
Jack Dempsey, at this moment, was
called into the ring and the former
champion, the last Of the whirlwinds,
brought out the greatest cheer Of the
torrid evening. Cheers for Tommy
Loughran almost matched those Tor
Dempsey and a moment later, as Gene
Tunney was introduced, the big crowd
roared its welcome.
There were no boos for Sharkey. In
fact he drew a warmer reception.
friendlier one, than Carnera the chal-
lenger, whose name was greeted with
only mild applause as the crowd blinked
at his huge size. Carnera lowered over
Sharkey, as Sharkey would have tow
cred over Tony Canzoneri. when they
met in the middle of the ring for final
instructions.
And when the showdown came there
was nothing else to it. Sharkey was
too badly matched in a physical way.
He had class, but he didn't have that
extra 60 pounds, which is always some
thing, especially when the bigger man
is Just about as fast and almost as
clever. You can hammer q skyscraper
only so long. Sharkey found that out.
tCopyright. 1893. BY North American News
paper Alliance, 1nc)