davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-04-19
SPECIALS LEAD
HECT|CGURB
SESSION
By THEODORE KosLOw

NEW YORK, April 10 0N.SO.
A further sweeping advance IN
Industrial stocks Of all deScr1p-
tions and a general sagging OF
utilities were the outstanding
characteristics Of today's hectic
curb session.
The dominating influence was,
of course, initiation, with the
decision of the Administration to
let the dollar seek it's own value
in the foreign exchange market
bringing a wild buying spree
into speciality issues, the major
ity of which advanced sharply
to their best levels Of the year.
Among the stellar performers,
with net gains Of from to z
points and more, were Alun1i-
mum, Montgomery Ward A. Glen
Alden Coal, National Sugar Re-
filming, Great Atlantic and Pa
cific, Safety Car, Swift & Com
pany, Axton Fisher A, Newmont
Mining, New Jersey Zinc, Bunker
Hill Mining and Deere.
Oils Advance
Oils also joined in with q
vengeance, Gulf advancing 1B
points to 32B, Humble / to so,
South Penn 7s to 1917, and
Standard of Indiana 9s to 1875.
The utility group, were conspicu-
Gus laggards, as disappointed sell
ing developed on the renewed
agitation for a lowering Of rates,
both in New York city and in
Illinois. American Gas and Elec-
trio fell back 17s points to 1875,
Electric Bond and Share dipped
~ to 11Ks, and Niagara Hudson
Power was off "a at 10. One or
two issues improved, such as Com
monwealth Edison which was up
11a points at 81, and Consolidated
Gas of Baltimore which main
tained half Of it's early 2-point
gain at the 45-level.
Cities Service Up
The Cities Service issues tight
ened up sympathetically, the COM
mon working up to 21a for q gain
of "a and the debentures showing
a gain of 5s at 277s.
Atlas led a fractional improve
ment among the investment trusts
with a gain of 3s to 8h.
Industrial bonds were strong in
the bond division, with American
Rolling Mill IS gaining 1A points
to 431a and the 412s rallying 2
points to So.
The Washington times., 1933-04-19
CHANGE STUDY
! GROUP NAMED

: In response to many, inquiries
which have been received regard
Ing the new Commodity Exchange
Inc, a special committee has been
Tlesignated, headed by Harold s.
Bache of j. S. Bache & Co., to CO.
Dperate with stock exchange and
iother commission houses and 10
arrange to obtain options for the
purchase of extra memberships
from members who as a result 0!
1.-THE consolidation of the National
Raw Silk and Metal Exchanges,
Rubber Exchange Of New York
and New York Hide Exchange,
have such memberships available.
other members of the commit
Gee are: j. Chester Cuppia, Of E:
"A. Pierce & Co.; Paolino Gern, OF
e. Gerli g. Co.; John L. Julian, OF
Fenner, Beane & Ungerleider;
Jerome Levine, of H. Hentz & Co.;
and Charles Slaughter, OF
Slaughter, Horne & Co.
Pointing out that greatly IN
creased interest is now being
manifested by the public in COM
modities and that the consolida-
tion of the four commodity ex-
changes has given rise to numer-
Gus requests for information, Mr.
Bache said:
"It is most gratifying to the
sponsors Of the consolidation Of
these commodity exchanges to
find the attention Of the public
today is so completely centered
upon the progress Of our funda-
mental commodities. These ex-
changes have constituted an i'm
pOrtant link in the orderly mar
ketinr Of these commodities"
The Washington times., 1933-04-19
Here and There
In the Realm Of
.Broadcastins
By STANLEY BIGELOW

The day, one year ago, when
Ed Wynn stepped to the micro
phone as 1.-THE Perfect Fool" and
walked away crowned with the
laurels Of 1.-The Fire Chief" will
be celebrated next Tuesday.
So-o-o-o-o-o Wynn will cele.
brate his first anniversary on the
air with a birthday party Tues
day at $50 p. m.
It was all over the radio broad
casting world that Wynn was
frightened almost to panic when
he launched his radio career. But
now his lisp and giggle have
spread through the N.B.C. net
work, and the microphone fright
is gone.
The Washington times., 1933-04-19
ALL GRAINS UP;
WHEAT LEADS

CHICAGO, April 19 QN.SJ.
Wheat prices scared nearly three
cents a bushel here today, carry
ing all grains into new high
ground for the current bull
movement.
Trade continued of tremendous
proportions featured by wide
price swings.
Near noon wheat futures were
21a to 234c higher and near top.
Corn was "a to 1c advanced,
oats 1a to 5sc higher and rye
13s to 15sc higher.
September wheat was carried
above CSC, a new high on the
crop.
The bull movement got under
way at the start of the session,
and except for a slight reaction
from the top Immediately after
the outset on profit taking,
showed no signs of halting.
Constructive news from Wash
ington was responsible for the
uprush in the market.
The Washington times., 1933-04-19
BONDSANA|T|NG
SOME SORT Of
INITIATION
BY MUNRoE ROBERTS


NEW YORK, April 10 U.N.S)
a rallying movement in second.
grade bonds, coincident with soft.
ness in U. S. governments and
high grade investment liens gen.
orally, was the response Of the
bond market today to prospects
nf some sort of initiation.
Federal Group Off
Declines in the federal group
were general, with Liberty 3l2s
off 5-32 at 1920; Treasury 33ss
Of '43 off 3-32 at 100.16; Treas
AIRY 3As off 6-32 at 100.28;
Treasury As off 6-32 at 103.14;
Treasury ANS off 4-32 at 106.3O;
Treasury IS off 4-32 at $500; and
Treasury 3bs off 1872 at 97.17.
The best ground-gainerS in the
Becond-grade section were Rem
ington Rand 51as, which was up
2hs points at 4912; U. s. Rub
her IS, up / at 391a; Chile Cop
per IS, up 11s at 331a; Interna-
tional Telephone IS, up ia at
"a; and American and Foreign
Power IS, up 22s at 301a.
Rails Irregular
Rail bonds were irregular, al
though the more speculative is
sues tended to improve fraction
ally. ,.
The best grade utilities were
easier, with Consolidated Gas 5s
off ~ points to SO.
The Washington times., 1933-04-19
CLOTH MARKET

NEW YORK, April 10 U.N.s).-
Prices held firm today in a moder-
0tely active coarse yarn cloths market:
The few buyers who had not covered
70 some extent as a result of the va
Fious legislative developments during
recent weeks were beginning to get
some goods on the books lest they get
caught in further advances which may
be stimulated by inflationary move
Snents in Washington.
( The recent good buying in print
in light supply with the result that
these were advanced more sharply than
The Washington times., 1933-04-19
LIVERPOOL COTTON

LIVERPOOL, April 10 GN.S).
There was fair demand for spot
ootton at the opening today with
prices barely steady. Receipts totaled
&, 900 bales, including $500 American
bales.
at 4. .49d; strictly good middling. sod:
good middling. sad; strictly mid
ding SID; middling. 5.2Sd strictly
low middlinG. 5.O9d; low middiing.
494d; strictly good ordinary, 4.74d;
and good ordinary. 4.44d.
Futures opened steady with May at
E.O4d; July. 5.04d; October, 5.07d
and March. 5i4d.
The Washington times., 1933-04-19
BUFFALO LIVESTOCK

Hogs on sale. 1900: slow; weak to
8 cents under Tuesdays average. Ship
pers inactive. Desirable. 17O-:So pounds,
niain kinds at inside figure. Pigs and
Snderweights quoted $3.6O@S.S5:
Cattle-Receipts, 100; steady. Medium
Rteers, s5.OO@5.25: weighty heifers' $3.50;
Caives-Receipts, 200. Vealers active
strong to higher: lenient sorts con-
Uidered. Bulk, better lots: $500; COM
mon and medium. 1915 @5.25.
Sheep-Receipts 500. Lambs, 10@25c
NAwer. Good choice clippers, $5.25 q $50
Nandyweight woolskins, $6.OO@6.1Oi
Aged wethers unsold.
The Washington times., 1933-04-19
Continental Oil Co.
To Cut Asset Value

Continental Oil Co., stockhold-
ers will meet on May 9 to vote a
revaluation of assets, effecting a
reduction of SCI, ,409, ,120.
Capital stock will be changed
from no par to S. par.
The Washington times., 1933-04-19
SHARE INCREASE VOTED

The annual meeting Of stock
holders of Dividend Shares, Inc,
in Baltimore, voted to increase
the authorized capitalization of
the company from 10000, 900
shares of Is cents par value to
50, 900, 900 shares of Is cents par
value,
The Washington times., 1933-04-19
2 Railroads Report
Car LOADING Gains

NEW YORK, April 10 GN.SO.
The New York Central railroad
handled 77,777 cars of revenue
freight in the week ended April,
against 76.507 cars the week be-
fore and 91,197 in the like 1882
week.
Chicago, Rock Island and Pa
cific railway loadings were 1873,
against 1873 in the previous
week, and 1882 a year ago.
The Washington times., 1933-04-19
Clock Changes Again

Beginning April 80 the broad
casting companies will operate on
daylight saving time.
Which means that we Washing
tonians will have to look for our
favorite radio programs an hour
earlier.
The Washington times., 1933-04-19
Humorist Signs Up

Irwin S. Cobb will inaugurate
his new series Of programs over
the Columbia network May 3.
The programs will be heard every
Wednesday and Friday on WJSV
at 8 p. m.
The Washington times., 1933-04-19
WOOL MARKET

NEW YORK, April 10 UN.s).-wool,
steady. Domestic fleece, unwashed,
Ohio and Pennsylvania, 5000; domes-
tic pulled, secured basis, 1904; domes-
tic, Texas, clean basis, 1904; domestic
territory, clean basis, 32@46.
The Washington times., 1933-04-19

IN 3ss Zonite Products. ~ r u
Ca) Optional stock cash. tbI Partly extra tOI Ez
ira (dD Extra in stock (e) Also one
sixth Of q share of Radio Corp (O OnO.half share OF
Radio Corp 1ssO cash (EI ons'Han sSar" Of RSGo
(h) POyabIs N stock. (ml Payable In ecrip'
(Ax9 IO% in stock. (ww) with warrants (xwl with
cut WaFrGnta (Sl Ex.dvidOnd 90 ExTlghe&
The Washington times., 1933-04-19
RADIO RAMBLES - PROGRAMS
TODAY'S PROGRAMS
Don't Miss These

s45 a. m.-CEvery week day) ).-WashingtOn
Times Broadcast. with n. e. +. Meekins
(WJSVl. - >
7:eO D. m.-HeraId News Spotlight (WOL).
8:45 D. m.-Phil Cook (WMAL).
$3.50 D. m.-Guy LOmbardO and his Royal
Canadians, with Burns and Allen, com"
edy team (WJSV).
1O.0O n m-Fred Warnings PennsyIvanians,
with George GivOt VNJSV).
11.Os p. m:@ylncent Lopez and his orches-
HIS p: m.--zIBsrnlcs Clair. musical comedy
1850 p. m Ewashlngton Herald Globe TrOt-
ter, featuring Arthur Reilly (WJSV.
The Washington times., 1933-04-19
NAVAL STORES

NEW YORK. April 20 (IN.s).-Lin-
seed oil, per lb., rs, car lots Turpen-
tine-Savannah, S6; New York. II. Rosin
Savannah, 1S5@190; New York, S10
The Washington times., 1933-04-19

NBC SOPRANO, who sings
on the Words and Music pro-
gram over the NBC network at
2:05 p. m. each Wednesday and
Friday and at S p. m. again
each Wednesday.
The Washington times., 1933-04-19

.12:15-Frank Libuse's Or
chestra.
l2:30-Mark Fishers Or
chestra.
Evening star., 1933-01-29

PAYMENT tPertI extra 3rlus q sPsysbs cash
stock Payab In stock Plus 81 IN stock Plus In Soc
rMs !. T.. IN .sGsk Ply: q q tesk PAD thi:
~ - '-~
Evening star., 1933-01-29
BUSINESS LEADERS
MORE OPTIMISTIC
Expansion of Markets in
Some Lines Is Due to
Research.
Special Dispatch to The Star.

special DlSpatch to The Star.
NEW YORK, January 28-Research
Is opening up many new uses to cotton,
according to George A. Sloan, president
OF the Cotton Textile Institute, who
finds the solution Of many industrial
problems In the opening of new outlets.
Ihus. cotton letterheads, cotton pack
ing and cotton building material are
helping the commodity.
In dry goods the best business,
according to Dun's, has been booked
for light underwear, with stress on the
better grades, work clothing and sheer
wash goods. The demand for work
clothing has placed mills in good posi-
ton, as some manufacturers are sold
up until March. Buying of bedspreads
has Increased and a moderate volume
OF business Is being recorded for sheets
and pillowcases.
Prices Reduced.
Some large yardages of printed per-
Gales are being bought at the lowest
prices ever known for vat-dyed, high
grade merchandise. Well made cotton
dresses are available to sell at retail
from SO to 80 cents, which cost at least
40 TO SO per cent more a year ago.
Spring buying Of knitted outerwear is
somewhat slow in getting started. but
orders have been numerous for mems
and boys bathing suits, specifying May
and June deliveries"
A gain Of 20 per cent over 1892 in
lumber sales may be reasonably ex-
pected, according to c. L. Hamilton,
associated with the Weyerhauser inter-
ests, who, says Bradstreet's, expects
SUBSTANTIAL gains in 1888 in residential.
pubic works and farm building as well
as In the lumber export trade and rail
replacement branches of that industry.
The ability and willingness of the
masses Of our workers ito buy goods"
declared Edward A. Filene. president
William Filene's Sons. Store, control
the whole problem of reconstruction.
But people who have been badly fright
ened by unemployment or daily danger
OF 1t cannot be expected to spend
freely until relieved of that fear. This
means that some form of unemploy-
ment insurance must be adopted as
rapidly and widely as possible"
Shoe Production.
Meanwhile, the heaviest gains in
production come from the shoe centers,
though mills turning out cotton, woolen,
Worsted and rayon yarns are quicken
ing their operations. Automotive fac
tors are waiting for more sales before
stepping up February output. Tire
makers and safety glass manufacturers
are broadening activities. Furniture,
floor covering and radio makers are
doing better, but jewelry manufacturers
are decreasing their outturn. Makers
OF paper. cardboard and thread note
gains IN buying.
Copyright, 1881
Evening star., 1933-01-29
W. C.. T. u. News

The North Capitol Union met in
Bethany Baptist Church Monday eve
ming, the president, Mrs. Ina Livermore,
In the chair. Miss Emma Wilkins led
the devotionals. The treasurer. Mrs.
Emma Lynch, reported the name of a
new member, Mrs. Leonard. The union
voted to finance the work of medal con-
tests to be conducted by the first vice
president, Mrs. Pollard. Mrs. Rose Berg
was chosen to have charge Of one meet
ing at the Gospel Mission. Mrs. P. A.
Taylor sang, accompanied by Miss Marie
Pates. The next meeting will be held
in the United Brethren Church.
AT a meeting Of Georgetown Union.
at the home of Mrs William Balineer.
37l7 Benton street, the president, Mrs.
Hiram Wadleigh, presided. Ways and
means of the literature department.
under the supervision of Mrs. Fred
Buckler, were discussed Mrs. Eva Rol-
lison reported for the Flower Mission.
MRS. M. c. johnson reported the ac-
tlvltles at the quarterly convention.
Mrs. F. l.. Mulford, superintendent Of
peace, read a paper on the taxation
problems due to wars in the past and
its further preparations.
At the last meeting Of the Chevy
Chase Union, the president, Mrs. E. L.
Eaton, presided, and Mrs. w. E. Nc
Bath OF the Gospel Mission Union led
the devotiens. The speakers were Miss
Ruth Lockman, field secretary Of the
intercollegiate Prohibition Association,
and Mrs. Frederic Newburgh, District
director of literature Mrs. M. C. Guth-
rie, soprano, sang, accompanied by Mrs.
Roger Wells.
Mrs. Jesse Nicholson introduced q
new member, Mrs. Jennie Wright. who
Will have charge of a series Of w. c.
T. U. radio broadcasts.
The Mount Pleasant Union met Tues
day in the home of Mrs. r. G.. Merry
man, 1913 Harvard street, the president,
Mrs. Lindley D. Clark, presiding. Devo-
tional service was led by Mrs. j. A.
Edgar. Reports of the activities of the
Flower Mission were given by Mrs A. B.
Carly and Mrs. H. j. Hunt. A report
OF the quarterly convention was made
by Mrs r. T. Stout.
Mrs. Hazel Bergstrom Cake and Mrs.
Helen Edgar Lancaster sang, with Mrs.
A. G. johnson as accompanist Mrs.
E. c. Stanton and Mrs j. Edgar Hiatt
gave reports of the conference on the
cause and cure Of war
As guest speaker of the evening, Mrs
Jennie Bailey Wadleigh, District presi-
dent, gave an account of the dry hear
ing on the Black beer bill held in the
House Office Building. The hostess,
Mrs. Merryman. assisted by her daugh-
ter, served refreshments.
The next meeting will be held Feb
ruary u, at 2 pm, in the home OF
Mrs. Ida K. Philpitt, 1917 Harvard
Evening star., 1933-01-29
Commodity Price
Trends of Week
BY III. N. McGILL,
Editor McG!n Commodiay Service, Inc.


Editor McGill Commodiay Service, Inc.
AUBURNDALE, Mass, January 28-
AL commodities, for the second consec-
utive week, declined sharply, establish
ing a price level per cent under the
low in June, 1882. The decrease was
due largely to the radical price break
in petroleum quotations in the Mid
continent fields. Price changes in other
groups were more moderate. A review
of IA individual groups shows eight de-
clines and four advances, while two re-
manned unchanged.
Industrial prices also reached new
low in the broad price readjuStment,
the average now holding 5 per cent
under the low of last Summer. The
relatively broad decline during the past
week was attributable to lower prices in
fuels, hides and leather, ferrous metals,
paper and pulp. Industrial activity,
conforming with seasonal trends, has
receded moderately, but compares IA
vorably with the low ebb noted last
year.
Agricultural Prices.
Agricultural prices also declined, but
the level remains above the minimum
of last Summer. While gains made
moderate headway on the up side, this
movement was more than counteracted
by severe price weakness in dairy prod
ucts. Both eggs and butter have re-
corded one of the most severe Winter
price declines ever noted.
Live stock prices are one of the four
groups that succesfullN advanced. This
movement is largely a. natural rebound
following acute price decentralization
This group stands only "a per cent of
the 1926 base, as compared with As
per cent for all commodities. Cattle,
hogs and sheep were quoted higher dur
ing the past week.
Fuels recorded a sensational price de-
cline. Petroleum Midcontinent, 32-329
degrees, is now quoted ct Sc cents per
barrel, new low on modern records,
and compares with an average price
for 1882 of 79.1 cents. Bituminous coal
priceS showed but little change.
7lon-ferrous metals were fractionally
higher, due almost entirely to independ-
ent price strength on the part of silver
and tin. Copper, lead and zinc re-
manned steady.
Hides and leather prices declined,
wiping out the upswing of the previous
week. Hide prices are only moderately
above the low of 1882, while finished
feathers reflect weakness in hides as
well as stagnation in consuming chan
nels.
Coarse textiles was another group
that advanced, the underlying trend OF
jute and burlap showing a disposition
to advance Statistics show that the
imports of jute and burlap have de-
clined radically under average.
The eight groups that declined dur
ing the week were industrials, agricul-
tural products, fuels, hides and leather,
ferrous metals Oaper and plllD fine
textiles, and vegetable oils. Four ad-
vances were noted in live stock, build
ing materials, non-ferrous metals and
coarse textiles. Other groups remained
unchanged.
Evening star., 1933-01-29
CURB SHARES DIP
IN SMALL MARKET
Utilities Yield Further, but
Some Issues Register
Slight Gains. ID.
BY JOHN L. COOLEY.

Associated Press Financial Writer.
NEW YORK, January 2s-The curb
market continued a drifting affair to-
day with most Of the leaders showing
minor losses at the close.
Except for small amount Of short
covering. buying power. was virtually
nil, but this condition had an offset IN
the absence Of real selling pressure in
any part of the list. A few issues man
aged to crawl shade higher.
Utilities, continuing their slow decline
Of the last several days, yielded little
more ground. American Gas & Elec-
trio and Electric Bond g. Share were
the most active at fractional recessions.
American Light g. Traction was an ex-
ception, gaining slightly.
Trading was wholly professional in
other groups and no important price
changes were recorded. Cord showed
q tril.ing loss in the face Of 1882 re-
port, showing a considerable increase
in per share earnings Swift & Co.
was firm around and Deere & Co.
moved trif1e lower
Evening star., 1933-01-29

ware divisions, the American Glass Re-
view reports.
Retail stores are said to be showing
increased interest In medium priced
dresses to retail in the $l9.50-$22 range.
A price cut Of 10 to, Is per cent in
the prices .o6 some lines Of part-wool
and all blankets u looked for by some
interests in the trade when these lines
are opened next month.
Evening star., 1933-01-29
WASHINGTON STOCK EXCHANGE
YEAR 1888

by B co, D.
Evening star., 1933-01-29
PARIS B0URSE PRICES.

PARIS, January % P.-Three per
cent rentes, II francs 20 centtmes; AZ
per cent rentes, $3.50.
Exchange on London, 1888. The
dollar was quoted at 25.62k.
Evening star., 1933-01-29
ImDOrtant Changes,

Most important price changes in the
McGill weekly price indices:
Evening star., 1933-01-29
Business Notes

NEW YORK, January 2s.-Merchants
continued at an unsatisfactory level
during the past week, Is result Of
unseasonably warm weather.
Improvement IN the glassware indus
try last week was confined almost en-
ttrely to the pressed and blown glass
The Washington times., 1933-12-06
NEW PEAKS SET
BY MANY CURB
FAvOR|TES

NEW YORK. Dec. 6 GN.s0s
The curb market continued to
show a strong tone today, with
aggressive speculative demand
lifting the majority of trading
favoriteS to new high ground on
the current recovery. 'o's
New CheSebrOugh Peak q
Chesebrough Manufacturing set
the pace in the speciality list
with 312-point gain squirt .tosa
new peak at 1873. -
Humble was again dominaht
feature in the oil group, moving
up point to record high at
l02, on rumors that the stock
would be split and the present
dividend continued. il
Utilities Absorbed iFJ
Utilities we're quietly absorbed.
Alcohol shares continued strong.
Metal shares were mixed. II
Cities Service common and
debentures held unchanged.
Curb bonds were listleSS, with
a steady tone prevalent. -
The Washington times., 1933-12-06
PLAN
FOR ]. s. STEEL

NEW YORK. Dec. 6 G.NS).
In accordance with a program of
decentralization, the Unite d
States Steel Corporation is plan
ming to recast it's subsidiaries
along geographical lines, aban-
doning the present division,
which is on the basis of products,
it was learned today.
The plan, which may be
carried forward step by step,
would provide for the formation
of five or six new subsidiaries,
each of which would take over
all the plants of the corporation
in it's region. Thus, new Pitts
burgh subsidiary would absorb
the plants and activities in that
region.
Other regional subsidiaries
probably would be established
under the plan in Birmingham,
Chicago, the Far West, the East
and possibly Cleveland. The
Eastern division would include
plants at Worcester, Trenton
and in the Philadelphia area.
The Washington times., 1933-12-06
PITTSBURGH PRODUCE

PITTSBURGH. Dec. 6 GN.S). .-Poul-
try-Market steady: demand fair; sup
ply good: colored hens, pounds up lac;
medium, lie; leghorn hens, S1s pounds
up. 1Oc; medium, Sc; hardrock sprlngers
AZ pounds up. 13c; leghorn sprirgers, &c;
colored sprinGers, pounds up lic: m me
dunn. 1Oc; turkey hens, 15@16C; ;
ROSTERS. S@7c; ducks. pounds up, 10;
under. s; geese fat, 1oc; ordinary, &C.
young toms 14@15c; old TOMS l2c; NO.
2 turkeys, 10c.
Butter-Market steady; demand good;
supply good; 81 score, 22H C 50 score
90c: sS score. 17Ac; standard, 21hc
EgEs-Marfket firm tone; demand
good; supply good; nearby current fs
CSC; hennery, white extras. 29932c;
southern Ohio. west Virginia kentucky, ~
current receipts, 22@2Sc; refrigerat9r
firsts, 141a @15c: refrigerator extras 10
6l61hc.
The Washington times., 1933-12-06
Losses Wiped
Out by Ward

CHICAGO, Dec. 6 I.N.SJ.
Montgomery Ward g. Co.
came out of the red in the
quarter ended October 81,
realizing a net profit Of
$4,049,778 after all charges,
compared with q net loss Of
$1,282,8S4 in the preceding
quarter and a net profit Of
S1,174,927 in the . October
quarter last year.
Third quarter results left
a net profit Of $57O,795 for
the nine months after
charges and q special apprO-
priation of $1,OOO,OOO against
possible future declines in
market value Of inventory.
This compared with a net
loss of S2,413,197 in like
period of preceding fiscal
year.