davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-12-07
Currency Management
Effects in Sweden

First, we note that no single
group of commodity prices in
Sweden went up anything like 40
per cent. In other words, the de-
cline in the krona brought no pro-
portionate price advances.
Second, we find that there has
been no general rise in the aver
age Of Swedish prices.
What has happened is that one
important group of commodity
prices has steadily fallen, while
some other prices have scared.
The result has been a fairly
steady average" Of prices, but
no stability whatever.
Losses Affects Gains
The average" has been about
the same merely because some
have gone up and others down.
The prices of goods imported
into Sweden have risen. But
the prices Of Swedish cOmmO-
dities, both at home and for ex-
port, have fallen.
Furthermore, these divergent
price movements have hurt Swed-
ish industry. This is true because
the declines have affected the
agricultural products of the
Swedes. The prices of their po-
tatoes, meat, fish, cheese and rye
flour. have fallen.
Imports Cost More
The prices of the things they
have to buy in foreign countries
have risen. These include such
things as automobiles and pc
troleum.
OF course, we should note that
Swedish conditions are so diff
ferent from ours, that there is
little to be gained by compari-
sion.
The Washington times., 1933-12-07
TREND ON CURB
|RREGULARLY
UPWARD

NEW YORK, Dec. Z QNSJ.
The curb market worked irregu.
larly higher in early dealings to-
day.
Alcohol shares were in moderate
demand, with Distillers' Seagrams
up nearly a point on reports that
this company would apply for big
board listing.
Utilities Higher
Utilities were mostly higher.
Commonwealth Edison, however,
eased fractionally.
Oils maintained a strong tone,.
with Humble in the forefront, Gull
up 1s and Standard of Indiana
unchanged. =.
Metal shares were sluggish, with
Pioneer edging up on a favorable
earnings report.
SpeciaIties Erratic
Specialties were erratic, with
Aluminium a strong spot, while
General Tire lost two points.
Cities Service common and pre-,
ferred held unchanged. .n
Curb bonds were irregular, with
pressure on National Power and
Light SIS. =
The Washington times., 1933-12-07
BeNSystem;
Net Scars

Net operating income Of
the American Telephone and
Telegraph Co. in October
nearly trebled that of the
like month Of 1892. The
respective totals were $1,466,-
587 and $58O,85S. Gross
income was $7,3S7,838 and
$7,O55,90 respectively.
For the 10 months net
operating income amounted
to $1O,519,886, comparing
with $6,832,O32 in the cor
responding months Of last
year, while gross amounted
to $71,977,623, against $74,-
784,885 last year.
The Washington times., 1933-12-07
POWER OUTPUT
GAIN SHOWN

Production Of electricity by the
electric light and power industry
Of the United States in the week
ended Dec. 2 was 1853, ,744, 900
kilowatt hours, compared with
1,510,337, 900 in the like 1882 week,
according to- the Edison Electric
Institute.
The combined percentage change
for the past two weeks over 1882
showed an increase of SO per cent.
The weeks were combined to ad-
just for the Thanksgiving Day
holiday which came in the cur
rent week this year and the pre-.
vious week in 1892.
Output in the week ended No,
vember IS was 1910, 0,546,000 xii
owatt hours, compared with 1,475,.
268,0O0 in 1882. In the week ended
November 18 production was l.
617,249,000 kilowatt hours com
pared with 1,531,584,000 in 1882
an increase of Sc per cent.
The Washington times., 1933-12-07
O|LPRODUCT|ON
GUT SHARPLY

Daily average gross crude oil
production in the United States
last week was 2,195,O5O barrels,
compared with 2,253,75O in the
preceding week, a decrease of 3d.
700 barrels, according to tn e
American Petroleum Institute.
The decrease brought production
1880 barrels below the Federal
allowance, effective on December
/.
Motor fuel stocks in the United
States at the close of last -Teek
amounted to 51,595,000 barrels,
compared with 51,207,0 900 at the
end of the preceding week, an
increase Of $4,000.
Gasoline stocks at refineries
totalled 27,511,000 barrels, against
27,802,00 a decrease of 291, 900
barrels. Gasoline "in transit" 4"
in pipe lines and at bulk termin-
ais increased 10000 barrels to
20,634,000.
The Washington times., 1933-12-07
Sears Sales Exceed w.
Last Years Period

CHICAGO, Dec. 7 U.N.S0.-A
27.2 per cent jump in sales during
the eleventh period extending
from November to December 3
was reported today by Sears Roe
buck & Co. Sales this year were
$28,763.631 as compared to $22,-
609, ,104 last year.
A rise of .04 per cent in total
sales for the II periods was also
shown. This is the first time
total sales this year have gone
over the figures for 1882. Total
sales for the II periods this year
were $234,420,457 as compared to
$233 ,597 ,OO9 last year.
The Washington times., 1933-12-07
RAIL NET RISES
OVER HALF

Glass I railroads Of the United
States for the first 10 months of
1888 had net operating income of
$398,238,658, which was at the
annual rate Of return Of LIT per
cent on their property investment,
according to the Bureau Of Rail
way Economics.
In the first 10 months Of 1882,
their net railway operating in
come was $260,616,478 or lis per
cent on their investment.
Compilation is based on reports
from 149 Glass I railroads.
Gross operating revenues for
the first 10 months of 1888
totaled $2,592, ,440,961 compared
with $2,632,798,757 for the like pc
riod in 1882, a decrease Of is per
cent.
Thirty-five class i railroads
failed to earn expenses and taxes
in the first 10 months of 1888, Of
which seven were in the eastern,
10 in the southern and 18 in the
western district,
The Washington times., 1933-12-07
CARRIERS FIRM
Up ASFRENCH
BONDS SINK

NEW YORK, Dec. z G.N.S).
Strength in rails and weakness
in foreign government loans pro-
vided contrasting highlights in
early bond market dealings to-
day.
The majority of active rail is
sues continued to forge upward.
with better than average strength
shown by Baltimore and Ohio As
Of '48 and Erie Is B. Southern
Railway general 4s also made
headway.
French loans were under pres
sure in the foreign group on the
weakness of the franc, the TVS
dipping over 8 points.
U. S. Governments we're gen
orally easier, but Liberty 31as
edged up 3-32.
American and Foreign Power
6S lost about a point, while Con-
solidated Gas SIS firmed.
The Washington times., 1933-12-07
NARROW LIMITS
ARE HELD BY
COTTON

NEW YORK, Dec. Z GN.S0.
Cotton futures held within very
narrow limits today with prices
practically unchanged from the
previous close, disregarding Liver
pool cables which were 3 to z
American points lower than due
prices.
Trading was exceedingly quiet
with trade, Wall Street and Con-
tinenetal purchases offsetting
scattered hedge, Southern and
New Orleans offerings.
Lacking news of a price-making
character and with a Government
estimate of the cotton crop due
tomorrow morning, the specula-
tive contingent seemed content
to await the next move.
Midday prices were unchanged
to 2 points higher, with Decem-
ber unchanged at 992; January,
unchanged at 9.93; March up 2,
at 1910; May unchanged at 1923;
July unchanged at 1924, and Oc-
tober up at, at 1851.
The Washington times., 1933-12-07
CLEVELAND LIVESTOCK

CLEVELAND, Dec. Z (I.N.S.).-Hogs-
Receipts, LOO; market fairly active,
prices 10 cents higher. Top and bulk,
100000 pounds, $3.75.
Cattle-Receipts, 800: market fairly
active and steady; receipts grading COM
mon to fair choice heavyweight steers
quotable at $3.50.
Calves-Receipts, 400: market rather
slow; prices steady to weak, with 81 top.
Sheep-Receipts, 1000; good lambs
active and steady. top $7S5; medium
and out grades rather slow.
The Washington times., 1933-12-07
Glassware Demand
HiQheSt in 20 Years

TOLEDO, Dec. 7.-Libbey Glass
Manufacturing Company, one of
the largest manufacturers of
glassware, reports it is IL weeks
behind in the delivery of stem,
ware due to the unprecedented de.
mand caused by repeal of prohibl'
ton.
Sales are the largest in 20 years
and, although executives prepared
for the increased business, they
estimate it will require 18 months
to stock up the jobbing and
hotel trade.
The Washington times., 1933-12-07
CLOTH MARKET ACTIVE

NEW YORK, Dec. Z G.N.s).-The
coarse yarn cloths market was the
subject of moderately improved activ-
ity today with prices generally un-
changed
Intermittent buying of fairly sub
stantial quantities, largely by the
bag trade, accounted for the improved
business. Buying by converters and
printers continued quiet.
Attempts to shade secondhand prices
proved just as ineffective as those to
cut first-hand quotations. This un-
usual strength on the part of second
first hands have made no attempt to
compete with them.
The Washington times., 1933-12-07
Spots smSunny
Trade Lanes

Extra dividends declared
by william FiIene's Sons,
George w. HeIme, American
Snuff, HOmestake Mining
and United States Tobacco
companies. Div | dends re-
sumed by Chicago, Burlington
and Quincy Railroad, Dicta-
phone Corporation and Tide
water Oil Company. Electric
production shows new gain
over comparable week last
year. Crude oil output re-
duced well below allowable
in all but two fields. Class
l railroad operating net for
ten months more than so
per cent above like 1882 per-
iOd.
The Washington times., 1933-12-07
Decrease Reported
In Lumber Orders

Lumber orders booked at the
mills during the week ended No
vember Is, 1888. were the lowest
for any week Of the last 10 with
one exception, but production was
slightly heavier than during the
preceding three weeks, according
to reports to the National Lumber
Manufacturers Association from
1,449 American mills.
Production was 1873, ,954,000 feet;
shipments, 167, 500, 900 feet; orders,
l61 100000 feet.
The Washington times., 1933-12-07
so Listed Stocks
Drop in NeU York

The market value Of so represen.
tative stocks listed on the New
York Stock Exchange at the close
of business December 2 was $12,-
626, ,467, ,375, a decrease of $468,-
985 900, or 3.58 per cent, as COM
pared with $13,O95, ,452,375 at the
close of the previous week. accord
ing to compilation by Paul H.
Davis and Company.
At the close of the correspond.
ing week a year ago, the same SO
stocks had a market value of $8,-
2O,764, 500, indicating an increase
during the year of $4,005, ,702, ,875.
or 46.47 per cent.
The Washington times., 1933-12-07
Business Defaults
Increased for Week

Business failures in the United
States, as reported to Dun and
Bradstreet, Inc. for the week end
ing November %, advanced 16 per
cent over the total for the week
ending November 16, the number
being 301, against 259.
The number of insolvencies for
the comparative week last year
was 400, and in 1881 the total was
492. Failures were higher in all
geographical sections last week,
compared with those for the week
preceding. The increase was
mainly in the Western and Pacific
Coast States.
The Washington times., 1933-12-07
Maryland Casualty
CUtSStOckP01" in Half

BALTIMORE, Dec. 7.-Stock-
holders of the Maryland Casualty
Company have approved the re-
capitalization plan to reduce par
value of capital stock from 50
per share to 81. and to increase
the total authorized capitalization
to $6,500,000.
This approval completes plans
for improving the capital Struc-
ture and solving problems arising
in connection with the company's
guarantees of real estate first
mortgage bonds.
The Washington times., 1933-12-07
NEW YORK CURB LIST
Chicago Exchange
List Values Drop

Twent y-five representative
stocks listed on the Chicago
Stock Exchange had a market
value at the close of business
December 2 of $464, 136,500, Q
decrease of $8,13O,2OO or 1.72 per
cent, compared with the market
value of $472 2,266,7OO at the close
of the previous week, according
to compilation by Paul H. Davis
and Co.
At the close of the correspond
ing week a year ago the same
IS stocks had a market value
of $427, ,855,738, indicating an
increase during the year of $780,
280,762, or 8.48 per cent.
The Washington times., 1933-12-07
CHICAGO GRAINS
LOWER, BUT
STEADY

CHICAGO, Dec. Z U.N.SO.
Grains ruled steady to fraction
ally lower today in a dull early
trade.
Market influences were consid,
cred colorless and the majority Of
operators showed a disposition to
await developments.
Near midsession wheat was rs to
- cent lower, corn 1s to "a cent
down, oats 1s to 70 cent up, and
rye y to X cent down.
May wheat lowered around 861a
cents and July at 8512 cents. May
corn sold at 5214 cents.
The Washington times., 1933-12-07

to the pound sterling.
Being really forced off gold, she
proceeded to make an attempt to
manage" her cur rency. She
bought relatively large amounts
Of gold and of foreign exchange,
running to as much as 40 per cent
of annual foreign trade. BY this
action, she allowed the krona to
depreciate in exchange about 80
per cent.
There appears to have been
some purpose to raise her domes-
tic prices. At least some Swedish
observers expected that higher
prices would result.
Price Changes Variable
What actually has happened is
as follows:
The Washington times., 1933-12-07
Interstate Building
Group PdyS Dividend

A 6 per cent dividend was de-
clared yesterday by directors of
Interstate Building Association, is
payable January l to charter
members of record December 10.
Edward K. Jones, secretary,
announced that the association
has more than $1,25O,00O of sub
Scribed capital and that member
ship payment will be increased
from $3.50 to SO per share Jan
uary 2.
Other officers of the associa-
tion are John L. Weaver, pres
ident; Clarence Dodge, vice pres
ident: Earl M. Macintosh, vice
president; Martin R. West, treas
urer.
The Washington times., 1933-12-07
Kresge November
Business Mounts

DETROIT, Dec. 7 GIN s..
S. S. Kresge Company, November
sales, totaling SO, 0,465,O36 were 6.3
per cent above the $9,841,370 re-
ported in November, 1882.
Sales in the first II months
amounted to $106,OO1 1854, COM
pared with $106,370,162 in the
same period last year, a decline
Of O.03 per cent,
The Washington times., 1933-12-07
NEW YORK PRODUCE

NEW YORK. Dec. Z UNs.).-But-
ter: Steady. Sailed and unsalted cream
cry higher scoring, 22A @23Hc; cream
cry extras, 22@22hc; creamery firsts,
16@21Nc; ladies' fresh, extras. ITO
171sc.
Cheese-Quiet Average run. lee;
Wisconsin whole milk, fancy Young
Americans, 12% @13hc.
Eggs-Easy. Nearby white specials,
3O@31c; standards, csc; mediums 22h
@23c; nearby brown specials. 500
S3hc: standards 27@29c; mixed spe-
ciaIs, 29@32hc; standards, 27@28c;
firsts, 2Sc; medium, 17hc; Pacific
Coast white fancy packs 31@31hc;
standards, 3o@3Ohc; mediums, 231a q
24c.
The wholesale price Is $22S per 100
pounds No. 1 fluid milk within the
20-210-mile zone.
The Washington times., 1933-12-07

In 1913 1, ,
S W e den was
forced to aban-
don the gold
standard. Vari-
GUS fin ancial
difficulties, in
CT u di ng the
troubles caused
by Ivar Kreu-
g e r, W e r e
brought to a
head by Eng.
lands action.
Sweden W e n t
with other ma
tions whose cur
roVaoine ora A;oI
The Washington times., 1933-12-07
Southern R0iLUdy
Income Increases

Southern Railway System re-
ports that gross. for the fourth
week Of November aggregated
$2,350,217, an increase of $780,
809 over the like 1882 week. For
the month of November gross
was $7,754,889, an increase of
$2O1,736 over the like 1882 month.
From January l through No
vember 80, gross totaled $50, 0,462,-
215, an increase of $4,000, ,496
over the like period of last year.
The Washington times., 1933-12-07
UTAH BEET SUGAR

The three leading sugar com.
panies of Utah during the last
half of November made initial
payment to farmers of $1,7O0,-
900 for october deliveries. Crow
ers' gross returns for 1888, in
cluding payments from smaller
companies, will approximate So
600 900.
The Washington times., 1933-12-07
WESTERN DAIRY PRICES

CHICAGO. Dec. 7 .sD.-Butter
--11,927 tubs; steady; old cars, IA; new
IS; creamery extras, 81; standards, 20;
extra firsts, 19@19h; firsts. 16@1s1s;
seconds, 1914; specials, 21A@22
Eggs-1,OOS cases; steady; new cars.
I; ordinary current receipts, 1908;
fresh graded extra firsts, "a; fresh
graded firsts. ~; dirtfes, 11@1S; checks,
10@11h.
Cheese-TwinS, 11K@18: daisies and
-18M@12AA
The Washington times., 1933-12-07
BY LEWIS HANEY
professor of Economics
NeU York UniUerSityD

In view Of the interest shown
from time to time in the none
tary experiments of Sweden, 1
have checked up on the situation
there. The facts appear to be as
foI1nyyc.
The Washington times., 1933-12-07
NAVAL STORES

NEW YORK, Dec. 7 G.Ns).-Tur-
pentine-Savannah. 42A; New York,
47A OATH.
Rosin-savannah. $3.50; New York.
$475.
Linseed OiI-Per lb., 9.5 carlots.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-12-01
he WHO GETS GYPPED
Tallahassee Daily Democracy


Leaving the moral issue Of gambling
to others to settle, we are content to point
out that it is foolis..l.
Less foolish, perhf IS when friends
gather in their homes a. play for stakes
they can afford. In this case, assuming
that they are evenly matched in ability, the
takings will circulate around
More foolish when the gambling is
done at commercial place where there is
a house kitty"
When four men sit around a table and
play poker at a gambling house they pay
out Of their winnings from five to ten per-
cent. If it is five percent and there is
an average of $100 in each pot their total
holdings are reduced by SIS on each hand
no matter who wins or loses. Twenty hands
take 500 and if there is $500 in the game
100 hands will almost clean out the crowd.
One man can win every hand and then
wonder where his winnings went.
For some unknown reason manufac-
turer of punch boards and slot machines
has sent the. Daily Democrat brochures of
their products. We are not interested in
buying any but we are Interested in the pro
motion material and particularly inthe per-
centages.
A punch board and "coppe, leverage
set prize is offered for 1878 complete
which takes in $50 from the suckers who
play it at five cents punch. A radio
board with radio costs 500 o5 and talras II,
$204 from which is to be deducted the cost
of the outfit, or deal as it is called, and
cash prizes and cigarettes amounting to
$3.50. This pays a net profit of $161.35
and the customers collectively pay $2O4
for $42.65 worth of merchandise and cash.
Slot machines are offered for from
$3.50 to $49.50 which pay the house 35
percent on standard equipment, but extra
reels are offered which will reduce the
profit of the player even more.
This lAeans that it costs you So cents
out of each dollar you play into slot ma
chine. You may play a dime, quarter
or fifty cents at time for rays, winning
little now and then, and if some time you
hit Jack pot you may think you have
cleaned up, but this is a snare and delu-
sion. The machine has nicked you daily
for enough to make up that jack pot and 35
cents out of every dollar profit.
You can't win when the cards are
stacked against you and on every slot ma
chine and every punch board the cards are
stacked
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-12-01
WRONGFUL IMPRISONMENT

In spite of the many. legal safeguards
which surround those accused of crime, a
good many innocent persons suffer i'm
orisonment, and even death, as tine result
of perjured or otherwise unreliable evil
dence. A few instances are related by
Margaret w. Stewart of the Library of
Congress in a recent article.
There is the case of William Wilson of
Alabama, convicted in 1914 on the charge
Of numbering his wife and given life. sem
teace. After he had served more than
three years the supposedly murdered wom-
an was found living in Indiana, and Wilson
was pardoned. He was given $500. by
the state as partial recompense for his
wrongful Imprisonment.
Another victim. ]. M. Brown, of Florida,
served II years for a murder of which he
was finally found entirely innocent. The
'tate gave him $2,492 in installments, or
about $500 for each year in prison.
Mississippi was not quite so liberal
with Moses Walker, who served five years
under a false charge, but awarded $500
upon his release.
These payments by the states concern
ed were made through the passage of spe-
eial bills by their legislatures. Two states
North Dakota and Wisconsin. have perma-
nent laws providing compensation for
wrongful imprisonment.
II is hard to. imagine anything more
tragic than the punishment of an innocent
person When such unhappily occurs, it
seems that compensation should be made a
fixed policy in every state. No money
payment can really compensate for the
mental and physical suffering experienced
by the victim of false Imprisonment. but it
would at least assist him in making a new
start in iife
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-12-01

EDGAR G. HARRIS, PUB
Usher OF THE WEST POINT
(MISS.) TIMES-LEADER, a sue
'cessful daily newspaper in a city
of less than 5000 population, be-
lieves that the trade of city
follows the circulation of its local
newspaper, and that the collective
value of store advertising is even
more valuable than the direct re-
turns the individual merchant re-
ceives from his investment. Mr..
Harris says:
ANY good merchant can in
crease his sales and raise the
standard of his store by the in
telligent use of the advertising
columns of his local newspaper.
advertising is a cumulative
force, increasing its pulling power
with the days and years. In the
case of merchant, advertising is
"a promise to sell an article of es-
tablished quality at a fair price,
and every time satisfactory sale
is made under these circumstances,
a pleased; customer is added to the
selling force of the store.
in small city, like ours,
where we must compete for bust
ness with several neighboring
towns of equal size, the collective
value of store advertising even
transcends the direct benefits
realized by the store which pays
for the ad. Customers brought
to town by one advertiser nat
urally buy things from others
and even from those who do not
advertise at all.
"a live local newspaper, carry
ing representative showing of
store advertising, is a tremendous
factor in the development of the
trade radius of any town or city,
and ! have often thought that the
secretary of the local chamber of
commerce might even devote his
spare time to soliciting advcrtis-
ing for the home paper with good
results, though the average pub
Usher does not expect such CO.
operation"
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-12-01
.TODAY'S WEATHER

the Gulf and south Atlantic
coasts. Rain has occurred during
the last "a hours from Kansas
eastward over the lower Ohio
Valley and in eastern Texas, and
there has been light snow in
northern Michigan, portions Of
New England and Colorado. Tenn
are below normal this
morning in portions of the Lake
region and far western states, be-
ing considerably below freezing in
the Lake Superior region, and
are above the seasonal average
throughout the remainder of the
country, with readings 20 to %
degrees above in portions of GEN.
trail Texas and in Oklahoma.
G.. S. KENNEDY,
Official in Charge.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-12-01
THE KEY WEST CITIZEN

WILL always sack the truth and print It
without fear and without favor; never be
afraid to attack wrong Or to applaud right;
always fight for progress; never be the or
gan or the mouthpIece Of any person. clique.
faction or class; always do its utmost for the
public welfare; never tolerate corruption or
injr stics; denounce vice and praise virtue;
commend good done by individual or organ
!zation: tolerant Of others rights, views and
opinions; print only news that viii elevate
and not coutaminate the reader; never COM
promise with principle.