davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-02-02
DECLINE ON STOCK
MARKET RESUMES
Traders Dispose of Holdings
on Recent Unfavorable
Dividend News.
BY GEORGE T. HUGHES.

Special Dispatch to The Star,
NEW YORK, February 2.-Under
successive waves Of selling, stocks con-
tinued their reaction today.
New lows on the movement were
reached in all groups. although there
were few losses of any size. The only
exception to the trend was the gold
mining group, which was active and
strong.
The turnover was about the same
as on the preceding day, but at in
tervals the tape fell behind business
on the floor. A partial rally in the
early afternoon did not hold and the
close was not much above the low
of the day. Volume was largest when
prices were reacting.
Both sterling exchange and French
francs advanced, the former up 1916
and the latter 3-16. Montreal funds
were steady, in contrast with their vio-
lent fluctuations of yesterday
Wheat left off up Is to off n. Cot
ton did little one way or the other.
Cocoa was slightly higher. Zinc te-
clined.
The selling which unsettled the mar
ket yesterday carried over to the OPEN
ing today. 1t was the result of dis
couragement over the cutting and pass
ing OF dividends, together with, in the
case OF the public utilities. belief that a
general movement toward lower rates
was inevitable. Then the farm mort
gage moratoriums actual and prospec-
tive, and the uncertainty about the
German situation had their effect of
sentiment.
Railroad shares were under pressure
today, unlike in recent sessions. In fact.
during the first hour their losses on a
percentage basis were larger than those
OF either the industrials or the utilities.
Whlle the street remains optimistic
about the longer prospects of the car
rlers, the traffic reports are unfavorable
The first y roads to report loadings for
the week ended January % showed a
decrease from the same week year ago
OF 17.3 per cent, whereas in the preced-
ing week the corresponding drop had
been only 1871 per cent.
moreover the Interstate Commerce
Commission reported that 165 roads
had net loss in the II months ended
November 80 last of s156.188.9O7,
against a net income Of S1O49l5.4O9
IN the first IL months of 1881. these
iiouACo UcIIs dIleT taxes ana charges
IN both periods. OF course that com
pilation related to the past. but its
publication today emphasized the long
road the carriers have to traverse be-
lore they can operate at a profit.
As far as dividends are concerned.
attention was directed to the General
Motors and American Telephone meet
ings. Stocks of both these companies
were freely offered, with Telephone
selling down to par for the first time
this month, almost 10 points under its
best January price. Consolidated Gas
went into new low ground on the re-
action and there was more or less
weakness in all the leaders. including
Allied Chemical, Eastman Kodak, J. I.
Case and United Aircraft. OF the rails,
Delaware & Hurson continued to be
best supported, although it was down
on the day.
Evening star., 1933-02-02
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. February 2-Following
is today's summary Of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated
Press:
Building. Real Estate and Related Lines.
American Seating Co. 1882 deficit
$499,519 vs. deficit S706,589
Fuller George A. Co. 1882 prior pre-
ferred share earnings 1886.
Electrical Equipment and Radio.
Electric Storage Battery Co.-FederaA
Appeals Court decided that the storage
batteries manufactured by company
prior to 1928 are not subject to the S
per cent tax on automobile accessories;
company to recover sl,4l6,566, includ-
ing interest.
Siemens & Halske A. G.. net profit
of company for 1882. 6,970 900 marks
VS.. 100000 marke in 1881.
Food Products.
Mayer Oscar g. Co., Inc, common
share earnings, 81 weeks ended Novem-
ber IL, 81 cents VS.. $2.07 in 81 weeks
to November 81, 1881.
nOuSenOiO frO0ucpS.
Storkline Furniture Corporation 1882
deficit $45,ll7 VS.. net income $26,866.
Investment Trusts.
New York g. Foreign Investing Cor
poration liquidating value on December
81 $752 common share vs. $4.31 on
December 81, 1881.
Miscellaneous.
Denver Union Stockyard Co. 1882
common share earnings $325 VS.. $3.5l.
Durham-Duplex Razor Co. took no
action on quarterly dividend on prior
preference stock ordinarily payable
March l, last payment Is cents share,
December /, 1882.
Manufacturers Finance Co. 1882
common share earnings $l27, vs.. "a
cents.
New York Transit Co. 1882 common
share earnings so cents, VS.. rs cents.
Superior Oil Co. of California de-
clared dividend on preferred stock
equal to 2 per cent Of accumulati6ns to
December 81, 1880. On January 20,
1888. a similar dividend was paid on
preferred stock.
Railroad and Railroad Equipment.
Chicago Great Western Railroad au-
thorized by Interstate Commerce Com
mission to issue $2,100,OO0 first mort
gage per cent 50-year bonds, which
will be pledged with Railroad Credit
Corporation as collateral for loan of
$710,880 to meet March l interest on
first mortgage bonds.
Minneapolis. st. Paul g. Sault Ste.
Marie Railway December net railway
operating deficit of system was $751;
725, VS.. net railway operating deficit of
$148,516; IL months net railway oper-
ating deficit was $1,547, 1881, VS.. net rail-
way operating income of $3.50, ,984.
Evening star., 1933-02-02
CUTS IN INVENTORY
HAVE BEEN LARGE
National City Bank Calls At
tenti0n to Reduced Stocks
of Merchandise.
Special DISPATCH 70 The Star

Special Dispatch to The Star.
NEW YORK. February 2.--Mention
has been made of the improved position
of many American corporations by rea-
son Of reduction in their inventories
Of commodities or of merchandise En-
phasis is placed on this point today in
the February letter Of the National City
Bank of New York in dealing with the
reports Of industrial companies in 1882.
1t is shown that a group of 80 i'm
portant industrial corporations. with
net worth of $4,000, ,000, 900, were carry
ing Inventories at the end of 1929 of
$900000,000. The contraction in 1890
is not given. Presumably it was not
important. for the liquidation or defla-
tion did not gain its momentum until
1881. In that year inventories were
down to $639 100000. The reducing
process continued into 1882, when the
value of merchandise held was only
$523,000,000, representing reduction
of ~ per cent from the 1929 level
A certain percentage of this shrinkage
was due. of course, to the fall in prices,
which automatically gave lower value
to stocks being carried. On the other
hand, no small part of it was the re-
suit of the working of of merchandise
at figures at which buyers were willing
to respond. There was third factor
in the smaller need for inventories of
goods in view of the general trade de-
preston The strong position in which
many corporations find themselves today
results from the exchange of their
stocks of merchandise for cash. This is
particularly true in the automobile in
duStry, where liquid assets have re-
manned relatively near their totals Of
a year ago in spite of the heavy decline
in gross receipts.
AS a corollary of reduced inventories
is the cutting down by corporations of
their bonded debt In numerous cases
the latter has been effected out of the
proceeds of liquidated stocks of mer-
chandise. The National City Bank cir
cular shows that out of the 80 industrial
corporations there were 81 whose funded
debts at the end of 1929 aggregated
$454 900 900, and at the end of last year
were 1854 200, 900, or pairing down Of
20 per cent in three years.
Copyright. 1933)
Evening star., 1933-02-02
BEER HEADS BALTIMORE
CHAMBER OF COMMERCE
Special Dispatch to The Star.

Special Dispat tch to The Star.
BALTIMORE, February Eugene
H. Beer, president of the grain broker
age firm of E. H. Beer & Co., Inc. was
elected president CT the chamber of
commerce at the seventy-eighth an
nual meeting yesterday j. Mur6ock
Dennis was elected vice president; JGnes
B. HeSSong was reelected secretary
treasurer and Edward Bittrick. re-elect-
ed assistant secretary. The Executive
Committee consists of Edward Metre,
chairman: Oscar NJ. Gibson, vice chair
man. and ]. Wilson Johnston, Phillip
c Mcintyre and c. Wilmer Watkins.
Five members were elected directors
OF the chamber, which was formerly
known as the Baltimore Grain EX-
change: Blanchard Randall. jr; Will
liam T. Shackelford, Edward Metre,
Philip c. Mcintyre and C. Wilmer Wat
kinS.
Evening star., 1933-02-02

resigned and &C
c ept ed appoint
ment from t h e
Office of the con-
troller of the cur
tency as receiver
for, the National
Bank Of Atlantic
City which closed
q few days ago.
Mr. Slaughter
, has already gone
to the New Jersey
resort and assumed
his new duties.
= Hi S appointment
came the day after
the Atlantic City
bank h ad been
los ed by the
Treasury Depart
Evening star., 1933-02-02
U. S. TREASURY BALANCE.

BY the Associated Press.
Treasury receipts for January 81
were $3.50, ,566.55; expenditures. S.
l87,220.87; balance, 1927, ,4S2, ,802 81. Gus
toms duties for January were s1S,-
351 ,58524
Evening star., 1933-02-02
NEW YORK EGG PRICES.

NEW YORK. February (4).-Eggs,
receipts, 22204 cases; firmer. Mixed
colors. rehandled receipts. 13al34 ;
mediums, SO pounds, 1914; dirties, No.
l, AZ pounds, l214; average checks, IL.
Evening star., 1933-02-02
SLAUGHTER NAMED
,11bS BANK RECEIVER
Controller Appoints D. C. Man
a :, to Post in Atlantic
81 City.
BY EDWARD c. STONE.

Laurence A. Slaughter, for the past
10 years one of the vice presidents of
the Commercial National Bank, has
Evening star., 1933-02-02

Australia's income from automotive
and gasoline taxes last year was nearly
S9,000,000.
Evening star., 1933-02-02

Exports of oranges from Haifa, Pal
estine, have doubled in the last two
years.
Evening star., 1933-02-02

1890 AM..... 100000 Io:ao Noon $4,000
1870 PM....... 10000 2:10 PM. 100000
Dividend
based on the latest autery
~ in stock Paid this PAYABLE
Payable in stock h Plus
Plus 81 stock In
Pay.sle IN M scrp % fesuAf 'A'e ros % IN ''0ee
Evening star., 1933-02-02
SILVER QUOTATIONS.

NEW YORK, February 2 R.-Bar |
silver easier. a lower at 25ss.
Evening star., 1933-02-02

N0TEITodays individual sales not given in this edition
sales edition
1882 Stock Sales
Evening star., 1933-02-02

NOTE-Todays individual sales not syen In this edition.
Sales Of each stock in this edition from yesterdays paper
Evening star., 1933-02-02
NEW YORK BANK STOCKS

NEW YORK, February 2 (R.-Over-
the counter market:
Evening star., 1933-02-02

Quotations as of 2 o'clock.
Evening star., 1933-02-02

NQTL-Tedsys individual sales syen in this edition.
les Of each stock In this edition from yesterdays
Evening star., 1933-02-02

diyidg.I sales net in this edition.
Saes Of each stock In this edition yesedays
Prev 1885, Stock and Sales Net
Evening star., 1933-02-02
THE NEW YORK STOCK EXCHANGE

Received BY Private Wire Direct to The Star O.
Evening star., 1933-02-02

= LtHItH fHuIO. ~
Sales Of Stocks on New York Exf
Evening star., 1933-02-02

Iieilt..
Mr.. Slaughter has been one Of the
most active of the younger bankers in
the city for years. He has been chair
man of the Transportation Committee
and other important committees in con-
nection with the annual conventions of
the District Bankers Association, and
is, member and former treasurer of
the Washington Stock Exchange
He will be greatly missed by Presi-
dent Wade H. Cooper and his associates
at the Commercial National and by
his many friends in the financial dis
trict The liquidation of closed bank
usually requires about two years. 1t will
probably take that length of time to
close up the affairs of the Atlantic City
Institution
The Washington times., 1933-08-21
|Xeah-HoO'Ca
Starts Plenty
Of Phoning

CINCINNATI, Ohio, Aug. 81
GN.S0.-In Danville, KY, where
Lee Chrisman's voice is known, it
doesn't cause any uproar when
it reverberates over the miles.
But here, folks aren't accus-
toned to the eight-mile range Of
the "yeah-hoo" artist, and many
Cincinnati residents were still
wondering today what the COM
motion was all about yesterday.
After the champions perform
ance, calls flooded newspaper Of
flee, people asked the whereabouts
of the fire, how much damage the
storm had tone. or if there had
been an earthquake.
And Chrisman admitted mod
estly that he was a trif1e hoarSe,
SO naturally wasn't up to his best
The Washington times., 1933-08-21
HOWE SEES CITY
/ FACING CURB
BY JAMES L. KILGALLEN
BY Universal Service


The Administrators $25, ,000,-
900 Subsistence homestead" prof.
ect was described last night as a
social experiment to restore in
dustry to it's original neighbor-
hood manufacturing status and
wipe out breadlines and other
evils of congested cities.
The revolutionary scope of this
enterprise was outlined by Louis
McHenry Howe, secretary to the
President, in radio interview.
He said:
"The cities have literally
chOked themselves to death.
The land on which the factory
is built costs too much. The
problem of getting goods to the
rail road has become tre-
mendOuS.
"On the part of the worker,
expensive land means expen-
Sive rents. There is no room
for the vegetable garden, and
we have those curses of modern
civilization. the tenement house
and the sIumS.
"ThOse who have studied city
economies are convinced that
most of our large cities and
many of our smaller ones have
reached a SaturatiOn limit.
The Washington times., 1933-08-21
Nrgiiniian Dies
In Dynamite
Truck Crash

WINCHESTER, Va, Aug. 81.
M. HUI o Milburn, 81, was killed
near here early yesterday when
his car struck a truck loaded
with five tons of dynamite.
sMilburn'S car overturned the
explosive truck and 200 cases
of dynamite were scattered
over the highway, blocking
traffic on the Martinsburg Pike
for several hours. Police
rushing to the accident at
once roped off the highway.
The dynamite truck wa
driven by c. c. Brown, who
was accompanied by his bro
ther, bot from Asheville, N. c.
Neither was hurt.
Milburn's body was hurled SO
feet into a field and his car
was completely demolished. The
truck was carrying dynamite
from New Jersey to the coal
fields at Bluefield, w. Va.
The Washington times., 1933-08-21
ZOO CHINESE DIE
IN RAIL WRECK

SHANGHAI, Aug. 81 G.N.S).
Two hundred Chinese army Of
ficers were killed today when two
coaches of a train carrying 500
officers to the Kiangsoi front
were derailed and plunged from
a bridge into the Siao River. The
accident occurred between Kiu-
kiang and Nanchang.
The officers were returning to
the Kiangsi front to resume op-
erationS against Communists
after completing a special course
in mountain climbing at Kuling,
headquarters of Gen. Chang Kai-
Shek, commander-in-chief of the
Chinese armies.
Survivors made desperate at
temptS to rescue the 200 men
trapped in the submerged coaches
Repair gangs rushed from Nan,
chang and Kiukiang were unable
to raise the coaches in time to
save any of the victims.
The Washington times., 1933-08-21
CKPRED|CTS
OWN VICTORY

NEW YORK, Aug. 21.-Because
Tammany factions are fighting
among themselves in certain dis
tricts here, Representative Loring
M. Black, Democrat of Brooklyn.
who was to file as candidate for
mayor today, predicted he will
win over Mayor John P. OBrien.
He said that if O'Brien wins
the primary November Z, the
democrats will be defeated because
the present mayor meets booes
and Kisses when he apepars in
public life or in motion pictures.
Tammany factions are fighting
one another in nearly every dis
trict where the county leaders &C
knowledge the leadership of John
F. Curry, Tammany boss, Black
contended.
The entire party in this city is
on strike, he added, because the
leaders "have been too busy look
ing after the big contracts to pay
any attention to the ordinary
party voter"
The Washington times., 1933-08-21
GR|ERSON JUST.
MISSES DEATH

REYKJAVIK, Iceland, Aug. Il
0NSO His proposed flight
from England to the United States
abruptly ended here, John Gr1er-
son, Scottish aviator, was re-
covering today from a mishap in
which he was nearly drowned
when his plane capsized.
Grierson, a former royal air
force pilot, had hoped to fly by
easy stages across the Atlantic to
New York city. His plane turned
over just as he was taking OIL
for Greenland on the next leg OF
the proposed 4,500 mile flight.
His amphibian plane, shattered
beyond repair, was dragged ashore
after he had received medlcal
attention.
He set out from Hull, England,
two weeks ago and was delayed
here by damages to his plane
which necessitated repairs ana
unfavorable weather.
The Washington times., 1933-08-21
ReU. S. B. Ddugherty
Hits Worldly Success

In worldly terms, Moses, were
he living today, would be consid-
cred a failure, said the Rev. S.
B. Daugherty, pastor at the Ma
tional Memorial United Brethren
Church yesterday in his sermon.
Worldly success is not real sue
cess, however, he said.
Concerning those who do not
achieve human success, he said:
eff we do not reach that
standard we are called total
failures, and I would have you
know that God does not in
terpret success, or does not in
terpret our attitude toward
success by our literal achieve
ments, but God looks upon the
desires of the heart"
The Washington times., 1933-08-21
$4,000 GUESTS
DUE At PICNIC

Members of the Washington
Railway and Electric Relief ASso-
citation and their friends will
meet at Glen Echo Thursday
afternoon for their twentieth
annual outing. About $4,000 are
expected to attend.
The day will be enlivened by
a program of athletic and stunt
contests, followed by dancing to
music by McWilliams' orchestra.
Prizes will be awarded two cou-
Piles in a lucky spot" contest.
George F. Jones is general
chairman of the outing COM
mittee,
The Washington times., 1933-08-21

PHILADELP HIA, Aug. 81
G.N.SO Using their umbrellas
for weapons, crowd of more
than 500 striking women workers
battled police and strike breakers
at the plant of the Eclipse
Needles Shirt Company here to-
day.
When the melee was finally
ended by police, one woman was
suffering a deep cash on the
left wrist, a score of pickets,
The Washington times., 1933-08-21
Code Is Submitted
On Parking Industry

The parking industry, control
ling garages and other space for
parking automobiles, has sub
mitted a code to the NRA under
which employees would work 54
hours a week instead of 69.2, as
it present. This limitation would
not apply to employees paid more
than $35 week.
Minimum pay would run
from $12 in small cities to SIS
a week in large ones. The code
subScribes to the collective bar
gaining provisions of NRA.
No hearing on the code has
been set and it's acceptance there
fore is not definite.
The Washington times., 1933-08-21
Much improvement
Is Reported in Sales

CHICAGO, Aug. 81 G.N.SO.
Steady improvement in mail
order and retail department store
sales was shown today in figures
compiled by the Chicago Asso-
citation of Commerce.
Employment and wages in
the Chicago district likewise
showed appreciable gains as ad-
ditional businesses and industries
complied with the various NRA
codes.
The Washington times., 1933-08-21
RACKET CZARS
SEEN ON RUN
IN CHICAGO

Editors Note International
Ne1US Service assigned James L.
Kilgdllen to IDrite series of ar
ticleS on the present gdngSter-
TGcketeer situation in Chicago.
In this. the first story, he tells
tOhGt ChicGgo'S public enemies
are doing today and hotU they are
tGring since the doDntdU OF Al
CGpone.
BY JAMES L. KILGALLEN
CHICAGO, Aug. 81 0N.S0.
The public enemies" of Chicago
are today a disorganized lot, split
up into small factions and ION
the rum"
Some of them have turned to
new occupations since the down.
fall of Capone and the legaliza-
ton of beer. Some are in prison
for income tax violations. Some
are selling 80 beer.
Al Capone is now convict No.
40,866 at the Federal Penitentiary
in Atlanta.
Public Enemy No. /" (police
isting) is Murray Humphreys,
who is now ION the run," having
been indicted for income tax eva
sion and recketeering.
No.. 2 on the list is William
T'Three-Fingered Jack") White,
long police figure, due to come
into court soon for hearing on
q gun case.
No. 3, William ("Klondike")
O'Donnell, one-time enemy of Ca
pone, is still in the beer business
on the far West Side.
McGurn in Business
Machine Gun" Jack McGurn,
No. 4, a former Capone man, is
now legitimate broker. There
are no charges against him.
No. S, Frank Nitti, so-called "big
man" in the old Capone organiza-
ton, finished a term of a year in
Leavenworth penitentiary about
the first of the year for income
tax violation.
Public Enemy No. g." Frank
Diamond, formerly known as a
''heavy man" of the strong arm"
type, is out of the rackets. Last
heard of he was selling ice cream
bars in the vicinity of the Cen
tury of Progress.
Joe Salts, No. 7, stock yard
beer man in the pre-Capone i'm
prisonment era, is reported to be
r11nnino q hrnworv
No. 8, Edward C"Spike") O'Don-
nell, southwest side beer man,
is supposed to be out of the
racketS.
Dan Stanton, No. 9, former
court bailiff and one of the old
Capone crowd, is inactive"
No. 10, Claude MADDOX, one of
the old Dion O'Banion mob, is
still on the northwest side.
George C'Bugs') Moran, "Pub-
lie Enemy No. H." a former
enemy of Capone, is, now in the
cleaning and dyeing business on
the northwest side.
No. IL, Michael C'Bubs") Quin-
Ian, a former beer runner, is now
out of the rackets.
80 Listed
The police, in all, listed 80 men
as public enemies" Others in
clude Roger Touhy, who is under
arrest IN st. Paul charged with
kidnapping: Tony C'Mops'D Volpe,
an ex-Capone man, who has been
ordered deported; and Sam ("Golf
Bag'O Hunt, who is supposed to
be still with the remnants of the
old Capone outfit.
Capone's brother, Ralph, is
serving a three-year term for in
come tax evasion. Philip DAN
drea, who was arrested in court
with a gun on his hip while AL
Capone was being tried, is now in
the trucking business on the West
Side. Terry Druggan, wildcat
brewery owner, is doing time in
Atlanta Penitentiary. His former
partner, frankie Lake, is in the
Ice business in Detroit.
The king of the bombe:;s,"
James CBomber") Belcastro, was
arrested the other day on a vag-
rancy and disorderly conduct
charge
The Washington times., 1933-08-21
Score of Shirt Factory Pickets and PatroImen
Suffer Injuries in Mob Outbreak
in PhiIadeIDhia

| policemen and sympathizers were
nursing minor injuries, and the
streets were strewn with broken
umbrellas.
Four women and a man were
arrested.
The trouble began when the
women strikers leaped onto the
running boards of cabs bearing
strike breakers to work at the
plant, the scene of previous dis
orders.
The Washington times., 1933-08-21
YardIey Special

Combination Package of face pow.
der and single compact, in the
justly famous lavender &Iz5
scent. Special ......". %I"~~
The Washington times., 1933-08-21

Makeup Kit containing foundation
lotion, powder, cream rouge, lip.
stick, and hand cream, attrac- e.
lively boxed. Special ....... ~
The Washington times., 1933-08-21
SOVIET PROBES ATOM

LENING GRAD QN.SO Not
even the poor atom shall escape
the insatiate curiosity Of Soviet
scientists. An electric magnet
weighing 35 tons and having a
generator for lis meter waves
has been completed here and
splitting the atom" will soon be
the favorite indoor sport Of Ger.
tain scientists.
The Washington times., 1933-08-21
NEW LAND DISCOVERED

ARCHANGEL G.N.S0 The ia
nous Soviet icebreaker Krassin
now conveying three cargo vessels
to the Lena River estuary, has re-
ported the discovery of an hith-
erto unknown island in the Ba-
rents Sea.
The Washington times., 1933-08-21
MARLBORO LICENSES

Marriage licenses have been is
sued at Upper Marlboro to James
j. Mudd, 80, Clinton. and Maud
Manning 80, Accokeek. Md: Ivory
E. Jones, 81, the 100 block Humor
gt. N. E., and Beatrice M. Cook,
81, Oxon Hill,
The Washington times., 1933-07-10
WESTERN DAIRY PRICES

CHICAGO July 10 U.N.SD.-Butter:
1875 tubs; steady. Old cars. 4; new
"a. Creamery extras and standards
9SHc; extra firsts, 24@2Sc' trsts'
SSi5 a 23l2c; specials, 264 26i2c.
EREs-i6,41S cases: steady; old cars,
~: new, 2S Ordinary current re-
cefpts, liz d12lac; fresh graded extra
firsts. less than cars. 144c; cars
14%c; fresh graded firsts less than
cars, 1870; cars. 14Ac: dirties, 1OAc;
checks 10c.
CheesvSE ELonghorns and daisies, 1870:
twins fS4c: prints. 13%c.