davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-12-23
NET GAIN MADE
IN WEEK BY
COTTON

NEW YORK. Dec. % 0.N.S).
The New York cotton market
fir. he'd the last week with gains
running to rs cents a bale, as a
result of a sharp upswing on
Friday, the final trading day Of
the shortened pre-holiday week.
List Dull Early
In the first four days of the
week, the list was dull and quiet,
and the market drifted steadily
lower. Selling rom New Orleans
and the South, while not par
tt ,ularly heavy, was persistent
and proved more than a light
trade ,mand could absorb.
With the market doing a right
about-face Friday, selling abated,
and the vast majority of traders
rushed 70 the buying side.
Reports from Texas during the
week stated that lower prices in
the early sessions had caused
more farmers to sign up with
the Government on the 10-cent
loan plan. and that cotton cur
rently was harder to purchase
from first hands.
Basis Seen Firm
Southern information continued
t. indicate that basis is firm.
Reports indicate that few gins
as operating, although some gin
ming undoubtedly will be done
through to the end of the year
and possibly, in Oklahoma, a lit
tie beyond that date. The Bureau
of Census announced that 1885,
TO running bales of cotton were
g..nned prior to December 49,
compared with 12,OS1,404 in the
same period last year. From De-
cember to 10, 248,711 bales were
ginned, against 446,ooo q year
ago.
The Washington times., 1933-12-23
CAR LOADS SET
14-YEAR MARK

Instead of the usual seasonal
decrease, revenue freight loadings
last week gained 1899 cars over
the preceding week, the American
Railway Association reported yes
terday.
Moreover, it was the first time
in IA years that loadings for the
corresponding week had shown an
increase over the preceding week.
Loadings amounted to 554,832
cars, also an increase Of 39.063
over the same week last year.
Loadings for the year to date
total 27,832,221 cars, compared
with 27,280,221 for the CORE
spending period last year.
The Washington times., 1933-12-23
Hog Prices Ascend
As Supply Declines

CHICAGO, Dec. % G.N.SO.
Hog receipts were $1,000 today,
including 10000 sent direct to
packers. The big direct shipments
were on account of the holiday
next Monday. Only a few hogs
were on sale and demand was
very strong. Prices were raised
Csc over yesterday in the scram-
bic to get the few hogs offered.
The best reached $685.. which is
40c higher than last Tuesday.
Cattle receipts were 800. The
market was nominally steady,
with good heavy steers soc higher
than a week ago and the light
weights Csc to SOC lower. Cows
were 10c to 15c higher for the
week and heifers Csc to soc
lower.
The lamb market is Csc higher
for the week, with the best quot
able at $3.50.
The Washington times., 1933-12-23
Good Business
NevS Items

U. s. Smelling Company de-
clares extra and IL other firms
regular dividends in day. :.
Christmas retain trade nearing
record proportions, says Dun
and Bradstreet Review.
youngstown district steel activity
rises again. Holiday business
of chain stores unmatched for
years. General Electric lamp
sales near all-time mark. Jewel
Tea Company sales in NOvem-
Der period 81 per cent above
year ago. Car lOadings move
up against seasonal trend for
first time in IA years. Many
firms throughout nation dis
tributing bonuses to employees
for Christmas. Internal rev.
enue in first five months this
year gain S379,671,599 over 1892
like period.
The Washington times., 1933-12-23
DOLLAR STEADY
AS GOLD PRICE
IS PEGGED

NEW YORK. Dec. % U.N.SJ.
The dollar was steady today as
the reconstruction Finance Cor
poration made no announcement
on the gold price. thereby holding
the $34.o6-an -ounce quotation over
for the sixth consecutive day.
British pounds sterling gained
" cent at $5.10A. Scandinavian
exchanges. though. lost four to
nine points. The Canadian dollar
gained 1s of a cent to sell at a
premium of "a of / per cent over
the dollar.
French francs gained "a point
at 6.111a cents, but Belgian belgas
lost at 21.70, Swiss francs l at
30.l9, and Dutch guilders S at
62.75.
German marks declined 7 at
1928 cents, Italian lire at 8.18,
and Spanish pesetas l at 1919.
The Washington times., 1933-12-23
j, s. CLEAR|NGS.
GAIN SHARPLY

Bank clearings for the week
ended December 20 totaled 81
631 100000, a gain of $543,249, 900
from the previous weeks $4,08s.-
Isl 900, but IL per cent below the
$4,686, $4,000 for the like period
year ago. Dun & Bradstreet,
Inc, report.
The drop was largely accounted
for by the 26 per cent decline to
$3,135. $4,000 in New York while,
in other reporting cities, gain of
81 per cent was shown.
The Washington times., 1933-12-23
to Abolish Stock
Crashes Is Pointed

business cycle pretty much the
same thing? 1t is not true in both
cases that the real trouble is with
the night before-not the morn
ing after?
Things To Be Done
What can be done about it?
One thing should be clear, and
that is that there is no use in
trying to stop the decline from
an overbulled position. The only
wise course is to prevent the
manipulative runups and the I'M
sound booms.
The stock market performs a
necessary and useful function.
But like most good things Its
use may be perverted, and
manipulation" is such q per-
version.
False information is given out.
"Tips" are spread. pools" are
formed and the operator or opera
tors create a speciouS activity"
in their stock by buying and sell
ing in a way which amounts to
matching" orders and wash
ing" sales.
Bank credit may be heavily
drawn upon to enable a pool
to buy up large blocks of stock.
Public Drawn In
The trading public, largely
gambling on margin" is drawn
in as following" Perhaps they
come in just because they hear
that a pool" is operating.
Now if the cOllapses and
breaks in the market are to be
stopped, all this sort of thing
must be stopped. 1t would take
a considerable amount of polio
ing and detective work, but it
would not be difficult either to
control the come on operations,
or to restrict stock gambling
by "the public"
Just so, we could (if we WOULD
restrict the Optimistic" propa-
ganQa ABOUT business COIlQ1ClO1lS'
credit initiation, and over-spend-
ing, which characterize our bust
ness booms and result in business
depressions.
Gamblers Must Pay
It is the speculative forward
buying" accumulation of inven-
tories, over-extension of bank
credit, and excessive instalment
buying, which, in boom times.
lead to liquidation and deflation
of depressions.
But remember that if we, the
people. really want to gamble,
and always see rosy visions-if
we really want to spend without
saving and borrow without pay
ing-we will go on in the same
old way.
The Washington times., 1933-12-23
Utilities in Default
For Nearly Billion

Bonds of public utility COM
panies to the amount of $685.
127,15O were in default on No
vember /, according to compila-
tons made by Dow, Jones & Co.
It is the highest figure on rec
ord and compares with $794,658,-
O40 on November /, 1882. In the
q months, $3.50, 731 800 was lifted
by foreclosure, reorganization or
extension. so that the net in
crease amounted to 272,290.910.
The smallest figure since the
war was $129,O98,40O on Novem-
Der /, 1926, and the total has
risen in every year except 1929,
when the amount receded from
$279, 4O8,475 to $235, 858,O75.
The Washington times., 1933-12-23

dency always is to look at the de-
cline.
But, obviously there has been
just one thing the matter. This
is that these stocks had been run
up and were too high. The trou-
BILE has been that their prices
were inflated.
And the ones who are to blame
are the bulls" "optimlsts, "
who ran them up.
Nine-tenths of the evils COM
planned of in the stock markets
come from manipulation on the
bull side, and result from optl-
mistic misrepresentation of pros
poets or understanding the tu-
ture earnings and dividends.
BOOms Start Cycles
So it is with business in general.
Probably the whole explanation OF
severe business depression is to be
found in "bullishnesS."
Business cycles start with
booms.
First, prices are run up, and
initiation becomes apparent. Bust
ness men rush to buy, and borrow
for that purpose. A general ten
dency to overdiscount the bust
ness future develops, and people
see a new era" ahead. Every
body borrows.
Then commodity prices are
found to be too high, and many
are out of line. Debts are found
to be too great. So a collapse
comes.
At such times, people blame
"the bears" and complain bitterly
about the vicious spiral OF della
ton"
But aren't Atlas Tack and a
The Washington times., 1933-12-23
of Wheat
And Corn Decline

Exports Of wheat (including
flour as wheat) from United
States and Canadian ports, as re-
ported to Dun & Bradstreet. Inc,
for the week ended December 16,
totalled 2,91O.662 bushels, as COM
pared with 3,952,526 bushels in
the previous week and 4,771,147
bushels in the corresponding week
of last year
For the season, July / to date,
wheat exports aggregated 99.74O.-
797 bushels, as against 157 1905, 557
bushels for the same period
year ago.
Corn exports for this week were
$4,000 bushels, compared with
1900 bushels in the preceding
week and $4,000 bushels last year.
For the season corn exports to-
tailed 285 900 bushels, as against
3.611,416 bushels for the like
period in the previous year.
The Washington times., 1933-12-23
Retail Sales Seen
As RecOUeru Base

In its weekly summary of the
general business situation, the
Standard Statistics Company cur.
rently comments as follows:
"The modest recovery in bust
ness which is taking place cur
rently is being made possible
largely by the stimulation of
retail sales and the reduction
to more normal levels of the
excess stocks Of goods accumu-
lated during the summer ad.
vance.
"The possibility of a worth.
while revival in the early
months Of next year, there
fore, is strengthened by the
fact that seasonal Improvement
is not likely to be checked
throu~h the sale of surplus in. i.
ventorieS."
The Washington times., 1933-12-23
Stock Brokers
Sing Carols

NEW YORK, Dec. 23.-Wan
Streets celebration of Christ
mas took place yesterday, an
old custom having established
Saturday as the equivalent Of a
holiday in the minds of many
Of its denizens. Trading in
stocks, bonds, cotton, leather,
rubber and silk was conducted
amid holly and wreathS.
The management of the New
York Stock Exchange lined the
trading floor with full-sized
Christmas trees and placed
miniature trees on the rOStrum.
The Curb Exchange restricted
its decorations to a large iIIumi-
mated Christmas tree in the
visitors gallery and distributed
sweaters and SHOES to children
of the neighbOrhOOd.
The Washington times., 1933-12-23
Kentucky Standard
Oil Increases Waqe

NEW YORK. Dec. % G.N.S).
Better business continued to be
passed along to workers in Christ
mas present today, led by Stand
ard Oil Company of Kentucky,
which announced it's intention to
increase wages.
w. E. Smith, president Of the
oil company, declared he feels safe
in boosting pay because dividend
requirements have been met.
Craigmyle, Marache & Co., Inc,
announce a Christmas bonus Of S
per cent of annual salaries while
Mansfield Tire and Rubber Com
pany of Mansfield, Ohio, is dis
tributing about $4,000 among its
1000 workers.
The Washington times., 1933-12-23
Pennsylvania POWer
Elects Walls Chief

NEW YORK, Dec. % GN.S.)
Election of John A. Walls as
president of the Pennsylvania
Water and Power Company and
Safe Harbor Water Power Cor
poration, succeeding the late
Charles E. F. Clarke, was an
nounced today.
Joseph Walworth and F. w.
Wood have been elected directors
of the Pennsylvania company,
while Arthur V. Davis. a director,
will also go on the executive
committee.
The Washington times., 1933-12-23
Motor Sales LOWer
In Month, Up in Year

Based on returns from q key
states representing nearly half
the country, sales Of new passen-
ger automobiles for November fell
off more than 2.5 per cent from
October sales, according to R. l..
Polk & Co. Sales for the month,
however, are 100 per cent higher
than those of November, 1882.
It is estimated that total sales
of new cars during November will
approximate $4,000. The Polk
prediction for the total truck
sales in ovember, based on figures
from 81 states is 1880.
The Washington times., 1933-12-23
CURB IS MIXED
AND DEALINGS
RESTRICTED

NEW YORK, Dec. % G.N.S)-
The curb market went through Q
period Of irregular backing and
filling in restricted dealings ia.
day, with few changes Of i'm.
portance recorded in any of the
atcive speculative favorites.
Metal shares quieted down after
yesterdays hectic uprush.
Newcomer Is Feature
A newcomer to the speculative
limelight,. Molyboenum Corpora
ton. was feature rising more
than a point to a new high at
So.
Utility shares encountered re-
newed tax liquidation, with Elec.
trio Bond and Share sagging "a
to 1923. before steadying. Amer
lean Gas and Electric, American
Superpowel Niagara Hudson
Power, and United Light and
Power A held around previous
closings throughout.
Alcohol shares we're in supply,
with Hiram Walker off " at AN,
Distillers Seagrams off "a at 2134,
and DistillerS, Ltd, off " at
2012.
Specialties Mixed
Specialties were irregular, with
Aluminium down u at IT, and A.
o. Smith off u at 26.
Standard of Nebraska featured
the oils with a gain Of a point
to 1874.
Cities Service common eased
slightly to 134, and the deben.
lures were off 3s at 301s.
Utility bonds were irregular.
The Washington times., 1933-12-23
CHICAGO LIVESTOCK

CHICAGO. Dec. % GN.sD.-Hogs-
Receipts, $1,000; market, 15-25c higher.
Top, 1905; bulk $3.3093.6O heavy,
So 3O0$6O: medium, S3.40M3.65: light,
$3.50 @S.65 light lights, $3.25n36O;
packing sows. $2.4O@2.S5 pigs, sos.
Hodovers, 1000.
Cattle-Receipts, 800; market steady.
Calves, 100; market steady. Beef steers,
good and choice. IS 50@6.5O: common
and medium, $3.5OQ5.5O; yearlings. $40
$50. Butcher cattle: Heifers, 49, 5Od 5;
cows $2Q3.75; bulls, $2.50@3,75; calves,
$S.50@6 feeder steers. $4,000 so:
stocker steers, $2.75@4; stocker cows
and heifers. $203.75.
Sheep-Receipts. 5000; market steady.
Lambs, $6,5O@7.5O; common, $4@5:
yearlings. $4.75 @5.75; feeders, IS 5O@6;
ewes $2@3.50.
The Washington times., 1933-12-23
JeWeI Tea Sale Up
For Month and Year

Jewel Tea Company, sales in
the four weeks ended December 2
rose 6.8 per cent over the same
period in 1882, totaling $928,545
as compared with $868,855.
For the 48 weeks of the year
sales dropped 70 per cent, amount
ing to $9,466, 1886 against $10,200,-
SOB a wear ago.
The Washington times., 1933-12-23

stocks n a v e
plunged down
at the rate of
5 to 10 points
a day. What,
t h e n, is the
matter? Who
Is to blame?
No doubt in
nocent buyers
have been hurt.
Perhaps we will
n e a r CO m -
plants Of bear
raids" and talk
of a vicious
Aa
spiral Of della
ton" The ten.
The Washington times., 1933-12-23
Commodity MGrts
GENERALLY Closed

NEW YORK, Dec. %. GN.S)-
Leading commodity exchanges
throughout the country we're
closed today but security markets,
led by the New York stock ex-
change, remained open.
The New York and New Or
leans cotton markets and the
Chicago board of trades closed.
The Washington times., 1933-12-23
DIVIDEND REDUCED

Davenport Hosiery Mills re-
duced quarterly payments to Is
cents a share on the common
stock, payable January 2 to sotck
of record December 81. Three
months ago, so cents was paid.
The Washington times., 1933-12-23
Illinois Central
Net Income Scars

NEW YORK, Dec. % GN.SO.
Illinois Central System today re-
ported an increase in net oper-
ating income for November to
$l,319,476 from $l,064,178 in Mo-
vember, 1882.
In the eleven months ended
November 80, net operating in
come amounted to SD, $40, 586,
against $11,342,980 in the CORE
spending period Of last year.
The Washington times., 1933-12-23
GROSS UP, NET DOWN

Bv international News Service
Although gross revenues in
November were above the like
1882 month. gaining from So
425, 1888 to $10,494 BAT, net operat-
ing income of the Union Pacific
eased from $2,12O,695 to ST.
1929.
The Washington times., 1933-12-23
DIVIDEND INCREASED

Philadelphia Company has de-
clared a quarterly dividend of
1712 cents on the common stock,
payable January Is to stock of
record December 80. Three
months payments were reduced
to 1919 cents from Is cents a
share,
The Washington times., 1933-12-23
DIVIDEND OMITTED

A. M. Buyers Company has
omitted the quarterly dividend
due on the cumulative preferred
stock at this time. In the three
preceding quarters, dividends of
so cents each were paid.
The Washington times., 1933-12-23
ARREARS TO BE PAID

Electrical and Musical Indus
tries, Ltd, has decided to pay
dividend arrears on the 6 per cent
preference shares up to June 80
last, together with the dividend
for the current half year.
The Washington times., 1933-12-23
BY LEWIS HANEY
Professor of Economics
NeD York UniDerSitu)

The recent action Of such
stocks as Atlas Tack, Union Bag
and Paper, and Celanese should
make us think.
After being run up to prices 10
times as high as they were, such
The Washington times., 1933-12-23
NEW YORK CURB LIST

III II A@p" lCIOSC
Upgrade Sylvania .... 312 ga ga
Imperial Oil CAM. 1925 1926 I'm
Ind Finance vt .... "a s s.
Internal Pet ........ 1919 1914 1919
Int Util war new. u Is u
Interstate Equities .... Is Is 80
Irving Air Ch.......l 81 "a 3A
Jonas & Laughlin 80. 371aI 371a 371a
Kerr Lake Mines.... y q x
Lake Shore Mines. As 4A As
Lehgh C & Nav new. 81 50 So
Libby Meme & Libby. 8 3
Lone Star G.......... 515 5R 51a
Long Island Light. ...l 36s 33sI as
Mathieson Alkali rts. rs Ia rs
Massey Harris ....... Az 41s 4b
Mavis Boil A....s.s..l IN IA N
Merritt Chap ..oo.....J IL Ia IL
Middle w Util ....... Il u y
Molly boenum Corp .....l SIS 6B
Mountain st TIT ....l 102 l101 l101
Nat American ....... "a X Is
Nat Aviation ........l 9i3l 9l2I 9la
Nat Bellas Hess Inc.. . IN IL
Nat Bond & Share. 3213 ST. 32l3
Nat Invest .......... IL LIS rs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-21

Only early selection of urs and fabrics could enable to
offer these sensational values Every entirely silk lined
Every coat tailored perfecon And the styles feature the
sleeve treatments the neckne the straight lines and
the high fatterng collars that advance 1884 ashons
There vish furred dress coats and mannish tailored
sport models with lovely fiat fs! Come early and make
your selection. Extra saespeOpe will give you prompt service
and small deposit will hold purchase in layaway!
BLocKs-DowNsTAIRs
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

ANDY Jensen made a business
trip 10 Culbertson ON Tuesday, he
was accompanied by Mr.. Fogarty,
who took the train for Butte.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

4I+l-keal.ef eenertuwu W. :
business visitor here Tuesday
=E-E Rasmussen afad Arfrnr.
Of tAeFTankIn vicinity were in the
city ON Tuesday.
Judge Paul and Court Rerorsar
koser were in Wolf Point on ofrc-
ial business this week.
Capt. Stephens Of Medicine Lake
was seen on the local stress Mon
day.
Vincent Zybuiski of south Of
Pleniywood was in town on hnsin-
ess Wednesday.
Chris Petersen and daughter Ev-
elyn. and Henry Legge Of the Dag
mar community were visitors in
the city Saturday.
Ole krogstad and VIM. White al
The Wanso district were business
callers here yesterday. The latter
subscribed for the Herald.
Mr.. and Mrs. Henry Raaen are
the proud parents-of-a- hal.A Girl
born at the hospital ON Tuesday er-
ening.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

Jacob Lee Of Westby had his
name Hatltal to the Herald subschip-
ton lisf While i'll the city Tuesday.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

WANTED for CASH-SeveraI car
Loads draft third horses and mules.
How many have ron aud how soon
ean you ships Fred Chandler. Char
lion Iowa
FOR POSITION OR IoBS-Apply
business Service Bureau ar Gener-
81 Employ menf Office. Havre. Mon
Tana- We haze calls for different
kinds q office help. Cooks. wait
rsSSe~. heuse-keeVers and general
farm hands. Write for application
form. Lock box Ne. IT,. Havre.
Montana 1qff
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

Oscar Opgrande. who is auditing
on the 500 line, spent Sunday at
his home here.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

January 27rh.
ETaxsiIIe looked impressive i'm
Their victory 0ver Isieutywuod at
FIeFFvwotsd en- Wednesday. After
trailing l. 10 u AZ half time. they
tznessrAesI a fast breaking long shot
-ansr thai overlook the locals and
a-Sed them IN the final minutes Of
Eaay- EIaxvilirs team is small Isur
what they Lack in size they make M
f0r I'D aggre~SIfene~S. The fact that
they handed aIat the same medicine
- >sxsheF shows thai they have
plenty If sonfidenee.and drive. III
sl4a~ g~afu continues IA their present
capacity they are going 10 prove Il
stumbling block for some opponent.
EfvHTpy : big team had HI mean
~ ege for the basket the first half.
assaf seemed 10 lack the drive 10 get
Iiatss I@F~ltiVn In tht List half. Iii
as~3ksI Il. il runaway for Plenty
WsssI III the first few minutes Of
Islag brlr the locals Lacked the phys
E*sA condition IN stand the Iaaee. aud
~ reserves had ~ Le called uF~sn
II ~12e he game =
AHa listing some II he most
outstanding PLAYERS If the Tea M
Observed
Iis.llnls-- ssaiIs.,k guard. The naost
sstEfsstsse nian - his team iii tile di~
rs-G last. -hfty. a leader aasl dri-
Ker IF his geam- anil plenty ~ en-
sIHranse-
smith Seobey Center Ability IL
hit tie basket frnm any position.
sleStr with fhe bal. tall. rangy.
EsIGI elusive
tasssa Medicine Lake Center
III heavy. hard driving follow mn
lsAsar1- Lang reach. and knows how ri
Jl~s- u under rfe basket. Lakes nrfn-
4 lie scoring threat.
6ts>~etfe- FlaxviIle, forward one
- the fastest me i'm the district
slsss That desirable ability Of comm.
~ " meet the hall. A good s-s.yr
>Fnlsbe. WeSrbE. forward. PLAYS
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-01-26

nice defensive game. plenty of sta.
nina. a good passer.
-Algnnd
shot. fast but lacks endurance. A
dangerous man under the basket.
Tooke. Outlook. forward. A pile
driver on offense. Handles the ball
nicely, weighs 100 poupnds and
knew how To use his weight.
Larson. Scobey. forward and
sasaFi. Another heavy man. Goes af-
Ter the BAH and usually gets IL. A
great defensive man.
kJelstrup. plentywood, forward.
heavy. aggressive. handles the bali
nicely.
SeIvig. Outlook. center. Tall. an
Easser. uses his height.
Here is the record Of the Outlook
high school team. The records of
uther teams will he published as
they arr. received.