davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-06-03

had been carried up sharply ana
was due for a technical setback.
Traders paid little attention to
Washington articles stating the adj
ministration was watching the
course of stocks with a view Of
checking speculation. It was rea-
soned that stocks Would continue
to rise as long as commodities ad-
vanced and the administrations
stated purpose was to raise com
modities.
Dealers in foreign exchange still
felt imitation had not ended as q
potent factor and sold the dollars
Commodities which usually rise in
response to such development We're
subjected to profit-takting and
eased off with wheat.
Business news was still favor
able. Car loadings rose more than
10000 cars above the corresponds
ing week of 1882, exactly in line
with preliminary estimates. The
total for the week ended May ~.
reported to-day at 541,309 cars was
the highest of any week this year
and an increase of 3.S per cent
over the corresponding 1882 week.
Shortly before the report was is
sued railroad shares moved sharp-
ly higher under the leadership OF
Union Pacific which touched
1141a, up points and new high
for the year. Later, however, the
carriers sold off with other stocks.
Union Pacific dipped to 110h, off 2
points net, New York Central IS ".
off 1M; Atchison 67%, off l Y, and
Chesapeake & Ohio 3S, off rs.
Steel common made new high
for two years at 54 ", in the early
trading and then dipped to within
a fraction of So. against a previous
close of 81. The preferred lost
nearly points. Pittsburgh reports
ed a dip in the price of steel scrap.
Steel operations. however, held up
in most sections.
Automobile issues were depress-
ed with Auburn at one time losing
more than 2 points. General Mo-
| tors lost more than a point and
Chrysler a point. For a time in the
early dealings several issues OF the
group, including Nash and Pack :
ard made new highs for the year.
| Oil shares, a strong group in re-
cent trading. met selling that fore
ed prices down fractions to more
than a point. Tobaccos We're sold
to losses of point or so. Farm
equipments broke sharply with
wheat, case losing more than :
points.
Allied Chemical. yesterdays fea-
ture on the upside, lost about 2
points. American Can. National
Biscuit. Du Pont. and Westfng-
house Electric lost / to 3 points.
Coppers eased with the other
shares. Utilities were strong for =
time, but gave ground near the
| close.
| National Distillers was the fea-
ture on the upside. The issue shot
up more than points while the
general market was declining. uni-
i ted Corporation was another stock
to resist pressure, holding gain
most of the days
The Waterbury Democrat., 1933-06-03
Business Recovery Orthodox,
Stock Exchange Survey Shows
Experts Point Out 1t Has Followed Historical Prece
dent BY the Demand for Consumption of Goods
in Preference to Capital Goods.

The food of administrative and
legislative proposals has left the
business community more or less
confused regarding the influences
that have wrought such marked
Improvement in the general out
look since early in March, claim
leading economists of the New
York stock exchange. 1t seems to
US that the changed psychology
has been the most powerful ele-
ment in this movement, as there
has been strong disposition to
place favorable Interpretation on
every developmen whether the
underlying principles were under
stood or not. The proposed abro-
cation of the gold clause in debt
obligations, for example, provided
a strong market stimulus. as it was
Immediately construed as an initial
step In the program of gold reval-
uation.
II one takes the pains to trace
the various steps in recovery, he is
likely to find the situation giving
marked evidence Of the effect of a
benevolent public psychology. In
other words, the nation IL going
through a cycle of rising conf
dence.
The first step in this movement
undoubtedly had behind 1t the i'm
pulse Of prospective imitation. From
the standpoint of mere monetary
mechanics, there has been no ac-
tual imitation, although such an
ticipations have provided the all
powerful motive for an upward
tendency in prices. When prices
began to advance, there was a les
sening of fear and rise in hope.
Advancing prices brought in new
buying on the partof under-sup-
Piled manufacturers and distribu-
The Waterbury Democrat., 1933-06-03
CAR LOADINGs

Washington. June 3-CUP)-
Carloadings of revenue freight for
the week ended May 81, totalled
641,309 cars. an increase of 1851
cars above the preceding week, the
American Railway association re-
ported to-day.
The May q loadings were 90
060 cars more than the correspond
ing week in 1882. but 189,94O cars
fewer than in the corresponding
week of 1891.
Comparisons showed that all
commodities for the week of May
q showed increases over the cor
responding week last year with the
exception of merchandise in less
than car load lots and livestock.
Miscellaneous freight loadings
totafed 207,391 cars, an increase OF
sos cars above the preceding
week and 1863 cars above the
corresponding week in 1892.
Loadings of merchandise in less
than car load lots totalled 166.4O4
cars, an increase of 428 cars above
the preceding week but 14.1O4 cars
below the corresponding week last
year.
The Waterbury Democrat., 1933-06-03
George Taylor
In New Post.
Former Athletic Director
at Crosby Appointed
Head Coach at Fairfield
High School

George II. Taylor, athletic direc-
tor at Crosby High school in 1929.
1879, and 1924 and present physi-
cal instructor at st Luke's school
In New Canaan. has been appoint
ed head coach of Fairfield High
school, 1t was announced this morn
ing by Harold "A, Swaffield, princi-
pal.
Taylor will succeed Walter E..
Hellman. present coach in all
sports who will be transferred to
the science department as a regu-
lar member OF the teaching staff.
The work of coaching the football
team, however, will remain in He'll
mans hands as he is credited with
having brought the team to a high
level Taylor will be his assistant in
this sport.
The change was sanctioned by
the Fairfield board of education.
Due to an increase in the enroll
ment at the school the services of
a new coach became necessary, as
well MS new instructor in the
science department. Appreciation
Of the work done by Hellman was
expressed by the school board,
which states that it was through
Hellman's efforts that the football
team won the state championship
in the Glass B group this year.
The Waterbury Democrat., 1933-06-03

supposedly an authorized represen-
tatiye Of Attorney Maurice s.
Gruskay. Mr. White admitted maxi
ing the collections from Mr. Kelsey
and claimed that he had been in
structed to do SO by Mr. DePue.
The latter Is known as a private
detective and special investigator
and formerly shared part of At
torney Gruskay's ONCE and had
permission to accept cash pay
ments in the office only. Mr. De-
Pue testified that he had asked
White to make one collection. but
admitted that he had received two
payments from him. As for the
other two he doesn't recall receiv-
ing them.
Attorney Gruskay testified that
he had no business dealings with
White, whom he considered an in
terloper. White replied by claim
ing that he had made several in
vestigations for Attorney Gruskay.
He denied that he had ever
been chased out Of the attorneys
ONCE or asked to remain away
from 1t. With a receipt signed by
Attorney Gruskay White made the
first collection. When he called at
subsequent times he copied the first
receipt, signing Mr. Gruskay's name
and adding his own initials.
The whole case finally simmered
down to q question of veracity rela-
tive to Mr. White and Mr. DePue.
As 1t was not the custom to ex-
change receipts in the operation Of
q detective and collection agency,
there Is no record of the several
transactions made between White
ana DePue.
Judge Mascolo decided that az
far al the police court was con-
cerned he was obliged to find
White not guilty and discharge
him. DePue's case vii be heard On
the 18th.
The Waterbury Democrat., 1933-06-03
WOOL MARKET.

Boston, June 3-(UP)-Activity
in the wool market was less. pro-
nounced today, both in Boston and
the west, but prices remained very
firm despite limitations In some
quarters Of a tendency to ease.
Free wools- we're pretty we'll
cleaned UP and dealers found that
what was available was usually
being held at exorbitant prices.
Mills made inquiries but were more
inclined to await offerings OF wool
held by the National Marketing
Corporation.
Ohio Delaine. fine woods Of light
shrinkage have been sold at 80
cents a pound, grease basis, while
2S cents has been paid for woods
of as much as go per cent shrink
age. Ohio halfblood staple woods
are quoted at 2S cents. and three
eighth and quarterblood combing
woods at SO cents. with 80 cents
actually paid for choice woods Of
Ohio and Michigan origin. Choice
12.m6hth Texas woods. clean basis,
sold at 90 cents and Texas eight
month woods at IS cents.
The U. 8. Agriculture depart
ment reported that new business
on wool goods. yarns. and tops has
occasiened 1 steady stream Of In
quifies for raw woods.
The Waterbury Democrat., 1933-06-03
By RICHARD L. GRIDLEY
UNITED Press Financial Cores

pondcnt)
washington, June sup
Holiday influences and the APP
proach o fthe normally dull sum-
mer season failed to check the
upward march of business this
week. advises from leading indus
tries showed today.
More workers went back to
their jobs: payrolls continued to
increase; prices resumed their rise.
Increased activity was reported In
various sections of the country.
Sentiment was reported still to be
optimistic.
Despite the nearness of the u.s.
ual summer lull, most major In
dustries this week again showed
higher operating rates than a
week ago, when activity was esti-
mated at 10 to 20 per cent above
the corresponding period of last
year.
Rising employment and higher
wages have been among the most
important developments in the
current upswing. On top of the
$4,000 increase in employment
during April, the American FEEDER
alton of Labor reported today that
trade union reports for May show
ed another gain. although not so
large.
The federation warned, however
that 1t saw a little chance for last
ing improvement unless there were
larger gains in employment and
wages. 1t pointed out that more
than 100000 still were unem-
ployed and buying power was ST.
500.000,000 a month less than in
1929.
There is no evidence yet that 1t
marks the start of recovery" the
survey said.
The steel industry continued to
set the pace in the Industrial up
turn this week, operations rising
to IL per cent of capacity from
SO per cen tlast week and the Ia
per cent low over the year end. 1t
was reported in steel circles that
most of the steel companies would
be ''out Of the red" at the current
rate Of production.
Liberal orders from the automo-
bile industry, which produced 52,-
900 cars last week, against 47,127,
in the corresponding 1882. period,
buoyed the steel industry.
Higher operations this week,
particularly in the textile business,
resulted in a further increase in
electrical power consumption.
Orders received by the lumber
trade this week were the highest
since April. 1881: and bank clear
ings throughout the country con-
The Waterbury Democrat., 1933-06-03

Addresses by Governor Theodore
Francis Green of Rhode Island and
Arthur ]. Morris, New York bank
err, on imitation and national bank
ing legislation, form the highlights
of the two-day session Of the East
ern Morris Plan bankers meeting
at the Westchester Country club.
Rye, N. Y, June 12th and 18th.
Morris Plan banks and companies
to be represented at the confer
ence reported an aggregate volume
Of business for 1892 of approx
mately 500, 100000.
Frederick @. Mason will rep
resent the Morris Plan Bank Of
Waterbury at the meeting.
Arthur J. Morris, founder of the
Morris Plan and president Of The
Morris Plan Company Of New York
will describe current national leg
islative movements as they parti-
cularly relate to industrial bank
ing. while Governor Green will
deal with the administration in
stationary program and its relation
to individual credit extensions.
The Morris Plan record during
tho depression years ana the bank
The Waterbury Democrat., 1933-06-03
City Forestry
Quota Filled
Seven Men Leave To-day
for Fort Wright--No
Deserters Are Recorded
From This City

waterbury's quota for the For
estry service was filled today when
seven men were driven to Fort
Wright at Fishers Island at New
London. Waterbury now has 1872
men enrolled in the forestry SER
vice, some of whom are actually
in camp. william M. Harris, who
had charge Of the enrolment here
said that as far as he knew, there
were no local deserters from the
camp.
Mr. Harris said that the 1872
men sent from here lifts Q consid-
cradle burden from the relief funds
over which he has supervision. He
added that with the increase en-
ployment in local factories. the
Mutual Aid fund which was sorely
tried during the post two or three
months is gradually becoming
more healthy, because of the de-
creased demands being made upon
il
The Waterbury Democrat., 1933-06-03
Night Session
of the Assembly
CONTINUED from Page ~

CONTINUED from Page ~
Senator william H. Hackett to be
tax commissioner.
Adopted a 48-hour week bill for
women and children In industry
on a straight party vote. the re-
publicans opposing.
Rejected 20 to q bill to create
council Of education to replace
the trustees of Connecticut State
College and the state board of ed
ucation. The house had passed
the bill.
Rejected without a record vote
a bill to limit the working hours
Of state employees to eight hours
daily.
omnibus bill changing motor vehi-
Gle laws. but which does not em-
brace proposed changes in the fl
Rejected q. bill calling for the
state department of health tos Ii
ceiise and inspect privately owned
sanitoria for the insane.
The house, after considerab BILE
debate over a sales tax petition,
sent 1t to committee, and passed.
under suspension Of the rules, three
financial committee bills which
authorized the city of Willimantic
to issue $4,000 in refunding bonds
and permitted municipalities to is-
sue revenue bonds for self liqui-
dating water works and sewage
systems. Two appropriation bills
cali for $4,000 to be used in 1eas-
ing public streams and securing
right way were passed.
An omnibus validating bill also
was. passed, and several forfeited
rights were restored. The bill to
continue the commission on Jails
was adopted after considerable
debate.
There was possibility the as
sembiy might be held for q night
session Monday. Final adjourn
ment is scheduled for Wednesday.
The Waterbury Democrat., 1933-06-03
CWOans Club
Weekly Meeting
Held Last Night at the
Central YMCA

The weekly meeting of the
Cwoans club was held last night
at the Central Y. NJ. c. A. with
Dom Tarullo as the presiding off,
GER Secretary Everett Pronovost
read letter received from Domenic
Angecola, club member who at
present is at the reforestation camp
at Fishers Island. Daniel Tarullo,
another club member who Is also
in the reforestation army. attend
ed last nights meeting as he Is
spending the week end at home.
Ell Bernier, chairman of the So
cial committee. completed final
arrangements for the annual outing
tomorrow at the Y camp in Wa
tertown. Thirty-five couples are
expected to attend. An athletic
program will be enjoyed at camp.
The Waterbury Democrat., 1933-06-03
Heads Of Park
Board Set July
Fourth AS Goal
Unemployed Workers Start on Second Nine Holes of
Course Expect to Put Roof on Club House
Shortlylinks Well Patronized

xious to have the house completed
in time for the holiday on July 4th
to take care of the large holiday
crowd that Is expected to attend.
It was learned today that work
has been started by unemployed
men at the course on the remain
ing nine holes. The course since
1t was built has been operated With
only nine holes but the park de-
partment Is getting things in shape
for the completion Of the remain
ing holes SO that a full Is hole
course may be played by golfers
by next season.
Workers on the course club
house are rushing through the job
and are about ready for the roof
Ing of the rs foot building. Nearly
$500 rounds have been played on
the course SO far this summer
which gives an indication as to the
popularity Of 1t.
The Waterbury Democrat., 1933-06-03
Street WALKERS
ARE GIVEN FINES
Arrested in Crusade By Emergency Squad - Many
Complaints Registered

All-three women were picked up
by members of the emergency
squad in a special crusade started
last Wednesday night. Patrolman
Patrick Moylan testifying against
the accused stated that many COM
plants had been received concern
ing them.
Leonardo Ruggiero. 46. of South
Main street was given a discharge.
His counsel produced a bank book
in court to show that Ruggiero had
money in the bank. He testified
that he has been receiving 10 per
cent dividends from the Merchants
Trust Company every six months,
which was news to many de-
positors.
Raymond Ouellette, 25, of 8 Lex
ington avenue, was fined $50 and
costs for operating an automobile
without O license. He was arrested
May 4th, following an accident in
which James Martin, Z, Of Pleasant
street was injured.
The Waterbury Democrat., 1933-06-03
Marathon Race to
Be Run To-day
Has Many Entries

Boston, June 3-(UP)-Headed
by Leslie Pawson of Pawtucket,
r. l., winner of the Boston A. A.
Patriots day marathon, more than
200 long distance runners will
start in the Roberts Post, Ameri-
can Legion 10-mile run over o
Dorchester course here today.
Among the favorites were Clar-
ence Demar, dean of American
marathoners; Jimmy Henigan Of
Medford, and Johnny Semple of
Lynn.
Henigan and Semple and Cecil
Hill of Beverly, were to have par
ticipated in the Halifax, N. S., mar.
athon today but were forced to
withdraw because Hills automo-
bile, In which they had planned
to make the trip, developed trou-
BILE.
The Waterbury Democrat., 1933-06-03
IHVESTM EMIT
TRUST STOCKS
HIT NEW HIGH
Average For Common
Stocks Showed Gain Of
15.5 Per Cent Past
Week.

New York, June 3-The invest
ment trust average during the past
week registered a sharp gain and
established q new high level since
1891. The average for the COM
mon stocks of the five leading
management trusts, influenced by
the leverage factor, stood at 1888
as of June 2. compared with the
average of 1875 on May 26, an in
crease of 1876 per cent. The low
for the current year to date was
1922 on March 81.
The average of the non-leverage
stocks stood at 1914 as of the
close June 2, compared with 14.01
at the close on May 26, an increase
of so per cent. The average of the
mutual funds closed at 1857 COM
pared with 1918 on May rs, an
increase of 3.8 per cent.
The Waterbury Democrat., 1933-06-03

Jennie Hallock, 80, and Carmine
Veneda, alias Anna Davis. 80, were
fined $25 and costs in police court
this morning on the charge of
street walking. Both were given
80 days suspended Jail sentences
and were warned that they would
be committed IL brought in again
on the same charge. The case OF
Mary Hull, 81, of South Main
street was continued until June
18th, pending an investigation.
The Waterbury Democrat., 1933-06-03

tors. This buying movement had
behind it the realization that price
levels were around historical lows,
that the purchasing risk had been
minimized, and that the hazard of
being short on forward require
ments might soon become a para
mount influence.
The recovery thus far has pro-
ceeded along orthodox lines. 1t fol-
lowed historical precedent by af-
fording it's first manifestations in
the demand for consumption of
goods as distinguished from capital
goods. The under-supplied condi-
ton in the ordinary essentials of
life found its reflection in the pur-
chases of cotton and wooden goods.
boots and shoes. rep1enishment of
motor tires. and countless other
articles included in household bud
gets.
The Waterbury Democrat., 1933-06-03
WAS DISBARRED
AFTER 80 YEARS

Poitiers, France, June 3.-(UP)
Castor Hulin. undersecretary of
state for war and direct aide Of
Premier Edouard Daladier, was ex-
PEELED from the bar today on a
charge 80 years old.
The expulsion followed months
of bitter quarrelins which extended
to the chamber Of deputies, where
Daladier stoutly defended his lieu
tenant against attacks.
The charge on which the expul-
sion was based concerned an ac-
cusation Of extortion.
The Waterbury Democrat., 1933-06-03
ITO RUSH WORK ON GOLF COURSE CLUBHOUSE
Business Booming
Despite Approach Of
The Summer Season

tinued to improve and this week
end were only 11.6 per cent under
q year ago.
Trade reports of the department
of commerce show unusual optim-
ism for this time of year and also
rising operations in many indus
tries.
BRIGHT SPOTS IN BUSINESS
New York. June 3.-(UP)-Re-
tail new car deliveries by Dodge
dealers during the week ended May
q, totaled 4,281 cars and trucks,
against 1894 in the preceding
week, 1t was reported today.
Fall River, Mass.--Wage in
creases of IL 1-2 per cent to 1000
employees were announced today by
the American Printing company, to
go into effect June IL.
New York-American silk mills
imported 29.2 per cent more raw
silk during May than in May, 1892,
1t was reported today by the Silk
Association of America. Inc.
New York-Sugar consumption
in the United States during April
amounted to 516,389 tons, against
449,249 tons in April, 1892, an in
crease Of 1874 per cent, it was re-
ported today by B. w. Dyer & Co,
sugar economists. &
The Waterbury Democrat., 1933-06-03
MUSICIANS GOING
TO WALLDNCFORD
Will Be Well
Represented at Military
Pageant and Parade
THIS AFTERNOON

Fifty-five drum and bugle corps
Of the state, including the Malta
tucks of this city and the st Mary
Fife, Drum and Bugle Corps of
Oakville. will compete in the fancy
drill exhibition and military pa
geant at Doolittle Park In Waliing-
ford this afternoon.
The affair will be under the aus
pices of the Yalesville Drum Corps
and the town Is expected to be host
to approximately 1909 visitors. The
parade will get underway at
o'clock and will be followed by
field events open TO all corps in the
state,
The Waterbury Democrat., 1933-06-03
Mason To Attend
Bankers Session
Represents Morris Plan Bank at Westchester Country
Club Session June 1913

ing holiday will be reviewed by j.
Rodney Ball of Lawrence, Mass,
president of the Morris Plan Bank
ers association. The manner in
which these banks and companies
throughout the entire eastern area
met the emergency conditions and
emerged with perfect record will
form the keynote of the speakers
report,
The Waterbury Democrat., 1933-06-03
Profit Taking Sent
Market Downward
At Short Session
There Was Big Rush to Dispose of Shares-Traders
We're Very Much in the Dark as to Quotations On
the Floor
BY ELMER c. Waller

United Press Financial EditorD
New York, June 3-UP)-
Stocks declined fractions to more
than points on profit-taking to-
day with tickers falling behind 20
minutes in the rush of business.
quotations on the floor from the
outset. The initial trading was
marked by huge blocks of 1000 to
$4,000 shares at firm prices.
Selling in stocks was accompan-
led by a declining bond market
a bushel in wheat.
There was no tangible reason for
the selloff except that the market
The Waterbury Democrat., 1933-06-03

Completion Of the club house at
the municipal golf course at East
Mountain within the next few
weeks Is the goal set by park de-
partment executives 1t was learned
today. Irving w. Harrison Is an
The Waterbury Democrat., 1933-06-03
CALLED ny CORONER

Bristol; Conn. June 3--(UP)-
Edwin s. Edman to-day was sufn-
nioned before the coroner after HE
automobile fatally injured Mary
Otto. IL. at a street intersection
late yesterday.
The Waterbury Democrat., 1933-06-03
LATE REALTY NEWS
oult ClAi,,, Deed,

Quit Claim Deeds.
Gaetano FefrelIi TO Lucia E,
Ferrelii, real estate at 3S.40 West
Farm street.