davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-03-19
SCHACHT'S BANKING
ABILITY |SLAUDED
New Head of Reich Finances
Well Known in Wall
Street.
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 18.-The news
Of the election OF Hjalmar Schacht as
president Of the Reichsbank was re-
ceived with the keenest interest in in
ternational banking quarters in Wall
Street.
known personally to many of Wall
Streets leaders, Schacht is regarded as
one well grounded in central banking
technique No inflationary policies will
be permitted by the new Reichsbank
head, according to informed persons,
who believe, however, that he may see
fit to adopt more liberal attitude to-
ward the granting of credit.
Led Fight for Mark.
It was Schacht who led the painful
fight which led to the sterilization of
the mark following Germany's chaotic
experience during the post war era of
imitation. The memory of this chapter
has been indelibly engraved on the
mind Of every German, and no recur-
renee will ever be permitted, bankers
here say.
Questioned today, following his re-
cent return from Germany, F. Abbot
Goodhue, president, Bank of the Man
Ai1ttall SCilpd1ly, dlio Cllduuidll VI CllC
subcommittee which represented the
American banks in negotiating the new
Standstill debt agreement with Ger
many, said:
"Schachts election should be reassur-
ing from the standpoint of the foreigner
as we'll as the German citizen His
essential conservatism, coupled with his
banking experience augur well for the
prevention Of imitation and the preSer-
vation of the mark at parity"
In a general discussion Of the finan-
cial and political outlook of Germany
az understood from the standpoint of
the American business man-no fear
was expressed here regarding the threat
OF monarchistic influence. International
banking quarters doubt that Chancellor
Hitlers regime will ever lead to a re-
turn Of monarchy in Germany. Even
If this should happen, it is not believed
that there would be any change in the
ing the sanctity Of private obligations.
ATarian Program.
Concern was expressed however, as to
the ultimate effect of Germany's Wig
orous agrarian program. This would
preclude all exports-in SO far as pos
Slble-for the express purpose of de-
veloping the agricultural position of the
country. A sharp dislocation Of trade
relations is inevitable, it was said
In this connection it was pointed out
that in 1881, England was Germany's
best customer, with Russia third or
fourth in the list. In 1882 England was
fifth and Russia first. But business
with Russia is described as of highly
speculative nature Thus far the Reichs-
bank has followed the policy of guar
anteeing credits extended by German
mdustrialists to Russia.
Evening star., 1933-03-19
BONDS IRREGULAR
T .NPROF|T-TAK|NG.
specia|ties Show Largest
losses-U. S. Government
H.. Issues Are Strong.
BY VICTOR EUBANK,
Associated Press Financial Writer.

NEW YORK, March 18.- Further
profit taking in the bond market was
fairly well absorbed today and, with
the exception Of various specialties,
prices were inclined to follow a rather
marrow range.
Both traders and investors were i'm
pressed by the continued strength dis
played by United States Government
securities. Most of these listed issues.
despite their striking advances since
the reopeaing of the market, were again
in demand at fractionally higher prices.
The majority of the purchasing was at
tributed to institutions which are hur-
riedly rebuilding their portfolios fol-
lowing the virtual return of banking
nOrmalcy.
There was moderately easier ten
dency displayed by the recently buoyant
railroad group. Followers of this cate
CORY were watching closely plans for a
number of carrier reorganizations. A
Missouri Pacific readjustment proposal
Is expected to be announced soon
which will involve the systems S34,500,-
900 Iron Mountain maturity Of May /.
Great Northern and Chicago & North
western refunding plans for special
matrities are also being worked out
with bondholders.
While moderately lower prices were
recorded by issues of Santa F'e, Balti-
more &c Ohio Canadian Pacific, Chicago
| & Northwestern. Delaware & Hudson,
Southern and Union Pacific, improve
ment was shown by liens of Chesapeake
& Ohio, Erie, Missouri Pacific, New
York Central and Pennsylvania.
Highest grade utilities and industrials
generally were steady. Some Of the
American Telephones moved up bit,
and bonds of Gulf States Steel, Good
year, Texas Corporation and Postal
) Telegraph firmed. Chile Copper SIS
were heavy. as were National Dairy
5l.s, Detroit Edison 412s and Inter-
national Telephone 412s.
German obligations steadied some
what after their recent slump and
loans of Great Britain, Belgium and
Italy improved. Some French issues
were under pressure.
Evening star., 1933-03-19
POTATO MARKET.

CHICAGO, March 18 R.-United
States Department of Agriculture
Potatoes, Sc, on track 239, total United
States shipments 1,048; slightly weak
er, demand and trading slow; supplies
liberal; Wisconsin round whites TOTS;
Idaho russets 1.12a-1.17Ka, mostly lis;
Michigan russell rurals TOTS; New
stock, steady demand and trading
slow; supplies light; Florida Bliss
triumphs, bushel crates, mostly Its.
Evening star., 1933-03-19
Grocery Sales Improve:

NEW YORK, March 10 CP).-Sales
Of grocery products this month are
slightly ahead of 1882, manufacturers
assert. Demand for food stuffs in
creased during the bank holiday and
wholesalers placed orders for future
delivery.
Evening star., 1933-03-19
SUSTAINED RECOVERY
IN BUSINESS SEEN
Special Dispatch to The Star.

Special Dispatch to The Star.
BOSTON, March 18.-Resumption of
business by all sound banks, the return
Of gold boards, the steps toward budget
balancing and the remarkable f1rmpess
Of the United States dollar In foreign
exchange are definite symptoms that
the greatest crisis in American financial
history has been passed, says the United
Business Service Of Boston. This state
ment is ampnfled by the prediction that
the fundamental adjustments which are
now taking place justify the psychology
Of confidence. It Is this that will make
possible the start Of sustained recov-
cry in business, the service adds.
Evening star., 1933-03-19
Railroad and Railroad Equipment.


Revenue freight car loadings in week
ended March IL totaled 437,813 cars, a
decrease of 40,014 cars under previous
week and>1376 668, or 23.9 per cent under
like 1882 week, decrease from preceding
week was due to banking holiday; in
week ended March II decrease from
1892 week was 23.9 per cent.
Chicago g. North Western Railway
Holders Of over "a per cent of per cent
debentures have assented to partial cash
refunding plan for May maturity.
Erie Railroad 1882 deficit was $3,-
142,997 VS.. deficit $90l ,093.
Great Northern Railway-Over 40 per
cent Of first and refunding mortgage
bondholderS have agreed to allow ex-
tension of st. Paul, Minneapolis & Man
itoba mortgage.
Southern Pacific Co. asks Interstate
Commerce Commission for three-year
loan of $22 900 900 from Reconstruction
Finance Corporation; proceeds would
be used to pay equipment trust obliga-
tions, maturing bonds and for other
corporate purposes.
Retail Trade.
Sears, Roebuck g. Co.-Retail busi-
ness in large cities is reported to be
showing improvement, but mail order
sales commune 10 lag.
Steel and Iron.
Spang, Chalfant g. Co. 1882 deficit
5000, ,969, VS.. deficit S236,025.
Tobacco.
Bayuk Cigars Inc, declared regular
quarterly dividend of SITS on first pre-
ferred stock.
Utilities.
American Water Works & Electric
Co. February electric output OF sub
sidiaries was off IA per cent; two
months off 95 per cent.
Cities Service Co.-KanSas Public
Service Commission ordered IL gas dis
tributing companies to fix domestic rates
on a basis of 15-cent city gate rate
for 1000 cubic feet against present
charge of 40 cents; also directed COM
panies to discontinue including on books
payment management fees until COM
mission approves such charges.
Empire District Electric Co. 1882 pre-
erred share earnings Sl.23, vs.. 50.
Red Lodge daily news combined with Carbon County news., 1933-05-31

II a line we're drawn from Per-
nambuco due north, 1t would Just
miss se western extremity OF the
Azores and intersect the latitude
of New York city nearer to Portu-
gal than to New York. Dakar, west
ernmost city of Africa, is only half
the distance from Pernambuco that
Liverpool is from New York. Per-
nambuco noses into all direct trans
portation lanes from European and
North Atlantic ports that do busi-
ness with ports south Of Pernam-
buco. Shipping from New York..
Boston, or Baltimore, or Liverpool
or Lisbon, reaches Rio de Janeiro or
Buenos Aires by passing Pernam-
buco's harbor.
Many of its inhabitants are de-
scendants of the Dutch and Portu-
guese, both of whom once claimed
the city and surrounding country.
Pernambuco owes much Of its prog
ress to the influence Of these races,
who fostered agriculture and COM
merce.
Recalls Dutch Occupation.
The old section of Pernambuco
shows its Portuguese origin in the
varl-colored plaster-faced buildings
that line some of the narrow cob
blestone-paved streets In the down.
town section; while here and there
steep gabled houses and business
structures recall the quarter GEN.
fury of Dutch occupation that began
ten years after the Pilgrims landed
on Plymouth Rock.
Until a few years ago, large
ocean-going boats had to anchor far
out in the harbor. Up-to-date docks
were constructed and railroads
we're built, reaching into the pro-
ductive hinterland. As a result Per
Red Lodge daily news combined with Carbon County news., 1933-05-31

nambuco has become in a short
time one of the important gateways
to eastern Brazil.
Sugar, tobacco, lumber, fruit, cot
ton, rubber and coffee that once
graced the backs of mules now flow
into the city by rail In vast quantl-
ties. More than forty sugar mills
In the capital city attest the states
sugar production. Textile mills,
shoe, soap and lock factories are
also there.
Most of Pernambuco's business Is
carried on in the old section of the
city. The city market perhaps
strikes the fancy of Americans more
than any other feature. An abun-
dance Of rich, luscious fruit Is
everywhere 10 be seen.
Bahia Has a Fine Harbor.
Bahia, which contributes more
than 100000 to the censu figures,
was the first Portuguese settlement
founded in Brazil. To Brazilians It
Is Sac Salvador. According to the
letters Of Amerigo Vespucci, he and
his followers spent several months
In All Saints bay in the neighbor-
hood Of Bahia during the early days
of the Sixteenth century. Bahia was
not officially recognized by the
Portuguese government, however,
until 1549, when the first governor
general of Brazil set up a colo
NAL government there. Bahia was
the capital of Brazil from that time
until 1853 when the government
was removed to Rio de Janeiro.
The harbor Bahia faces liz one Of
the finest on the east coast Of South
America. Vessels from many world
ports are anchored offshore, while
smaller boats with local cargoes
come and go like schools" of wa
ter beetles.
The travellers first impression Of
Bahia, IS he sails up the harbor
toward the city, is that there are
really two separate towns.
A congested settlement hugs the
shore line, while on a cliff In the
background, 200 feet above the roof
tops, the fringe of another settle
ment is visible.
In the narrow streets of the low
er town and among the bordering
warehouses half-naked porters, per-
spring freely in the tropical heat,
spend their days moving cargoes Of
cocoa, tobacco, cotton, sugar, rub
Der and fruit, all products Of Bahia
state, brought to the port by rail-
road trains and hlgh-wheeled DON
key carts.
The custom house, depot and Of
fees of foreign firms interested In
Bahia commodities also are In the
lower town. Most Of Bahia's CO.
Goa, the largest ~exportable product
Of Bahia state, Is shipped to the
United States.
Upper Bahia is reached by eleva-
tors, steps and winding roads. Here
and there In the winding streets OF
this portion of the city, sky blue
and delicate pink houses, some OF
whose plastered fronts are deeply
~pock-marked, take the traveller back
a century or two in Bahia's history,
But within a stones throw of these
districts there are wide modern
thoroughfares, lined with fine shops,
banks, theaters, Office buildings. A
park or a garden now and then
breaks the monotony of the solid
rows Of masonry.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30

The Current Events department
of the Women's club met Friday
afternoon at the home Of Mrs. A.
f. Brown. Mrs. Herbert Misner
was in charge of the program, IL
Illustrating her talk on "Our State
of Washington" with slides Of the
different sections of the state.
The Mesdames A. M. Chellis, H.
A. Linn, G. III. Shanafelt, w. S.
Green, M. ". Wysong, w. S. Wal
tiers, II. w. Withers, Gladys Kelso
and r. @. Macmahon. worthy pa
tron of the Kennewick chapter of
the Eastern Star, visited the Pas
CO chapter Monday evening,
Harold Robertson and small
daughter, Donna Mas, and his
mother-in-law, Mrs. Lewellyn, re-
turned from Portland Sunday eve
ming, where they had spent the
weekend with Mrs. Robertson,
who is a patient in the hospital
recovering from a major opera
ton.
By special request, the ladies of
the Christian aid have been asked
to put on their play, "No Men Ad-
mitted" at the Finley hall on We'd
nesday, April 5, under the aus
picies of the Finley grange. This
play was given by the aid society
at the local church last week to a
very appreciative audience.
Mrs. J. H. Siegfried entertained
with dinner party Monday eve
ming in honor of Mr.. Siegfried and
son, Joe's birthdays. There We're
IL guests. Card honors We're won
by Mrs. E. C. Durdle, H. r. Vib-
Der and John Vibber. The tables
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30
Winfield Scot Matthews

Funeral services were held for
Winfield Scott Matthews Sunday
afternoon from the Mueller chapel
| with Rev. E. M. Hilbert of the
Richland church in charge of the
services. Mr.. and Mrs. v. R. Wild
er, Miss Bonnie Hitler and B. ],
Campbell sang, accompanied at
the piano by Mrs. A. G. Anon
Friends and early-day neighbors
acted as pallbearers, C. C. Will
liams, A. C. Anon, A. A. Edwards,
H. D. Clodfelter, Charles Nicoson,
Al Luth. Burial was made in Riv-
er View Heights cemetery.
Winfield Scott Matthews was
born June &c, 1852 at Red Rock,
Iowa. He was united in marriage
to Miss Belle Stillman on June 10,
1880 at Sterling, Nebr., and came
to Moscow, Idaho in 1886, and to
the Kennewick district in 1904.
His wife passed away December
II, 1929. He is survived by three
daughters and two some; Mrs. C.
B. CULLEN of Charleston; Mrs. Eu-
gene Tyrrell, Kennewick and Mrs.
S. F. Branson, Roman, Montana.
r. w. Mathews of Kelso and Ralph
Matthews, with whome he made
his home since the death of his
wife, also bW21 grandchildren and
81 grea grandchildren and many
other relatives and friends. Mr..
Matthews was q pioneer resident
of the district and took an active
interest in the community despite
his advanced age.
Out Of town guests here to at
tend the funeral of w. S. Mat
thews were Mr.. and Mrs. A. R.
Work, Grandview; E. A. Work,
Spokane, Mr.. and Mrs. o. S. Quill
len of Colfax and Mr.. and Mrs. II.
d. CULLEN of Charleston.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30
+ = = r = r r + r r = 1
HAD YOU !.
HEARD THAT !.

Miss Eileen Olbrich spent Fri
day in Yakima on business.
Shawne Kelly of White Bluffs
was a business visitor in Kenne-
wick Tuesday, while, on his way to
Walla Walla, where he will enter
the veterans hospital for treat
ment.
Mrs. B. A. Hall and two small
sons, Ramon Edwin and Richard
Thorland of Toppenish arrived on
Tuesday afternoon for a weeks
visit with Mrs. Halls parents, Mr..
and Mrs. Joe Olbrich.
Mr.. and Mrs. Fl. E. Oliver and
SON Jimmy and his sister, Miss
Florence Oliver of Los Angeles,
drove over to Seattle and Monroe
Friday to spend the weekend with
relatives. -
Edna Erie Terrell took the
Gregg speed writing test Wednes-
day morning in the high school I'M
der the direction of Miss Rena
Savage. To be able to take the
test 40 words minute or more
is the requirement.
I. N. Mueller and daughter, Miss
Rues, Mrs. Curran Chellis and
Mrs. Will Anon spent Monday in
Spokane. They were accompanied
by Mrs. Bockius ST., who has spent
a week in Kennewick with her son
Mr.. and Mrs. j. X. Bockius and
her new grandson.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30

were beautifully decorat.a
spring flowers for the oco. Vi
Evangelist c. c. Donosal
wife Of Walla Walla will a y
a gospel campaign in tba SOnas
Full Gospel church bee;s, ra's
March 81 and each EVENING \
cept Mondays. (No meet; q
April lst.) Rev. Douglas NY q
pastor Of the Walla WsWa Os
semblies of God church M
of years and is now s s
Presbiter. Come and eniov Ss u
meetings, the word Of GoS q, ;a !.
Christ. Everybody welcome quo
vices commence at 1880 o'elo.SS e !
Baby John Mason, Is mons. !.
son Of Mr.. and Mrs. Frank M'
is recovering from what
have proved a serious accid..i
Tuesday when he turnss 4
wringer Of the electric ws.
machine on. His sweater bo.l
caught between the rolls ana AZ 4
his hand between the upps,
and the frame. PROMPT a..
part Of his mother and l ;tgo
ter saved the hand and arm 1.
only a badly bruised and sL;,.
wrist. 0A'li
Miss Irene Heberlien os n.
Heaven was an overnight a au
of Miss Resale Whitney MoSSS ~
Mrs. Hansen, who lives near
Whitney home, will demonsts,
cheese making at her home !.
day, March 81. Everyone welssa
Mrs. Howard William,
Hedges is confined to her had =,
the flu at the homeof her ns,''
Mr.. and Mrs. Lester.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30
FORD'S NEWEST
CAR ARRIVES
LOCALLY
New Product from Fam
Gus Plant is Now on
Display

The fact that the great majority
of motor car owners-both men
and women - are mechanically
minded, was conclusively demon
strated this week when the new
Ford VS. cylinder, 112-wheelbase
motor cars were first placed on dis
play in the showrooms of E. c.
Smith Motor Co., Ford dealers.
The 75-horsepowsr V-8 cylinder
engine, with it's new aluminium
cylinder heads and rubber mount
ings, the new double-channel, and
double-drop X-type frame, newly
designed head and cowl lamps,
bumpers and horn, skirted front
tenders, smaller wheels and larg-
er tires appeared to attract fully
as much attention as the new
bodies with their flowing lines,
distinctively modern design and
luxurious interior appointments.
The new VS. car is the fastest
and most powerful car since Henry
Ford launched into volume pro-
duction of motor cars. It is exceed
ingly flexible in traffic and cap
able of a sustained speed of so
miles an hour on the open road.
The secret of it's power and its
alertness lies in the improved V-8
engine and its new cylinder head
design. Because aluminium dissi-
pates heat more rapidly, the all
aluminium cylinder head permits
unusually high compression pres.
sure which results in increased
speed, power and smoothness, I'M
usual acceleration and fuel econ
omy.
The 90-degree type crankshaft
is fully counterbalanced and the
piston and connecting rod assem-
blies are matched in weight to pro-
duce unusual operation smooth
ness. The engine is fitted with a
down draft carburetor, intake 81
Iences and diaphragm type fuel
pump.
Through achievement of Fori
engineers, the two cylinder blocks
and crankcase are cast in a single
piece, the cylinder blocks being
set at an angle of 90 degrees. This
compact power plant. Basically,
design provides an exceptionally
the engine is similar in design 20
the first Ford VS. engine introduce
ed in 1882.
The new frame is also one of
the unusual features Of the car. It
consists of four channel members,
the two members which form the
X-brace being continued inside and
almost to the ends of the main
channels, thus providing struc-
ture. of great rigidity. Where the
X-channels are brought together
they are Joined by a semi-circular
crossmember on which the rear
end of the powerplant rests in
circular rubber mounting.
Still another feature Of the new
chassis, although not visible to
the visitors yesterday, is the new
three-quarter floating rear axle,
with its straddle mounted pinion
drive. The pinion is mounted in
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30

double taper, roller thrust bearing
at the front and a straight radial
roller bearing at the rear. This
design permits maintaining perm
anent alignment of the pinion with
the ring gear under all driving
conditions and results in extreme
ly quiet axle operation.
The wheels are IL inches in dia-
meter and of the Ford welded steel
spoke type. Tires are of $50 in.
section. The frame is cushioned
by Transverse cantilever springs
and four Houdaille double acting
hydraulic shock absorbers which
are adjustable both automatically
and Enthusiastically for every
variation in weather on road sur
face condition.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30
Buy American

f. p.
F. F. Beste was installing offic-
er for the Scottish Rite installa-
ton Friday evening, when Harry
Cochran was installed as WV; r.
w. Young, S.W., w. S. Green, j.
w. C. A. Crawford acted as mar
shall Of the evening. following the
installation program was given,
when a violin trio from Pasco, ac-
companied by Mrs. LaReaux, rem
dered several numbers and they
also accompanied Miss O'Neill in
two song numbers. Omer Lincoln
sang two selections, accompanied
at the piano by Ed Neuman. Billy
and his orchestra furnished sew
eral numbers while the tables were
being arranged for cords, which
were the principal diversion of the
evening. Honors went to Mrs. P.
O. Stone and the guest prize TO
Miss O'Neill.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-03-30

L.. of VIZ. Mrs. in
Rupert Idaho stopped 0. land Mr. and Mr. Allen
Allen afternoon
while their visit board together
with their son-in-law and daughter at Rupert
The Washington times., 1933-06-15
TAX NEWS CUTS
q. DOWN VALUES
IN COTTON

NEW YORK, June IS GN.S).
Cotton futures suffered sharp
losses today, following advices
. from Washington that funds nee
essary for acreage reduction n
would be obtained through a
processing tax, but rallied mod
erately in the later dealings.
There was heavy selling by pro
fessionals, locals, Wall Street
houses and 9th er speculative
sources as we'll as the South. The
principal source Of support was
the trade, with Liverpool and the
Continent purchasing heavily.
The trade believed the process
ing tax had been definitely
dropped from consideration and
was caught entirely unawares.
Observers were unprepared to
, state how the tax would effect
ultimately the cotton situation.
Midday prices were off 8 to 10
points with July off 8 at 9:19. Oc.
) tober off 10 at 9.43 and December
off 10 at 9.57.
The Washington times., 1933-06-15
CLOTH MARKET

NEW YORK. June IS G.Ns).
Further advances were paid in the
coarse yarn cloths market today as
activity broadened.
In a number Of instances. mills were
offering later deliveries without labor
clauses but -etaining tax clause.
Of some print cloth constructions for
delivery over the remainder Of the year
without labor clause. Several were
selling through August and one or two
through October without protection
against labor cost increases.
However. while buying summer needs
IN a moderately good way: consumers
nnents at the present
The Washington times., 1933-06-15
CHICAGO LIVESTOCK

CHICAGO. June IS G.N:sl-Fog;s'
SG'SSG4 $50: heavy, 1896 a 80: medium
S4.4O@A65; light, 5000 4:S6: Egemt Egm
4io: pigs, ss4O@ 800: holdovers. 1000:
Cattie-5, 900; steady, Calves, $500;
steady Beef steers: Good and ch9ics; S
$s5O@T25: common and medium, - N
cattiieEHeIfers. s4@5.75; cows. $s.25 q 4: ::
bulls. 83@4.25; calves, $4@S; feeder
steers, $4.5O66.25; stocker steers, 81 as;
stocker cows and heifers. $2.75 @6:
sheep-7,OOO steady. Lambs S7@
s25; common, IS 1850; yearlings. IS "a
$50: feeders. $566; ewes, $1.75 @2.75.