davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-12-22
Stock Market Viewed
AS Trade Register

business expansion and how long
it will last.
Initiation is being soft-pedaled,
and Imitation stocks" have been
rather backward. (They retain
much of their past gains, how
ever, as many believe Government
spending means so much Govern
ment debt that initiation will ulti-
mately develop, or that at least
there will be such revaluation Of
the dollar that higher prices will
result)
So the main factors just now
are the questions, will the upturn
in business carry through? Will
the large amount Of Government
spending this time succeed in
"priming the pump?"
Also there is the question, what
will Congress do? The idea which
prevails at the moment, however,
is that Congress" will "get behind
the President" and give his $50
cial control" policies q chance to
work out further.
Doubtful Of Program
So I think that what the stock
market is saying is that investors
and spectators are not sure that
the program Of social control,
with the Government as a guar
antor Of "a more abundant life"
for all, 'is going to bring a sus-
tained Improvement in business" "
It is worrying about the taxes
required to carry on the Govern
ment's spending. Above all, it
is worrying about profits, which
are the life blood of stock values.
Business is run for the purpose
of making money. If taxes and
wage payments were to eat up
profits business" expansion would
not last long, and the Govern
ment would have to replace bust
ness men.
Immediate Outlook Dull
The immediate outlook market
wise Is for dullness and irregu-
larity following this break. The
breaks in Atlas Tack, Union Bag
and Paper, and Celanese are
bound to be disturbing, and to
keep the public out. But the
pivotal stocks are we'll supported,
and I think that holders Of those
sound standard industrials which
would benefit by initiation will
eventually be rewarded.
If the Governments business
schemes fall down, initiation will
be sure.
Several of the lower levels sug.
gested in this column last Mon
day have now been reached, and
1 am inclined to hope that the
prices of good stocks will now
hold. Many Of the weak spots
should now have been cleaned
out.
The Washington times., 1933-12-22
Wall Street Firms
Paying YHLe Bonus

NEW YORK, Dec. % Q.N.sO.
The number of Wall Street firms
paying Christmas bonuses this
year was Increased by four today.
Henry M. zuckerma and Com
pany, New York stock exchange
members are giving their en-
ployes a present of one months
salary. Belden and Company, will
also pay their employees a months
salary.
Ross, Beason & Co., will play
their workers to 2 weeks salary,
according to length of service and
Ross, Beason & Co., of California,
Ltd, will pay its employees SINH
larly.
Administrative and Research
Corporation investment trust
sponsors are giving a bonus Of
to 2 weeks salary according to
length Of service.
The Washington times., 1933-12-22
MINING SHARES
STAGE UPRUSHI
ON CURB

NEv- YORK, Dec. % U.N.S.N
A spectacular uprush in mining
and speciality shares featured q
strong curb market session today
in response to the new initiation
move of the Administration.
The new program Of silver purA
chase and coinage brought an
immediate flareur in shares Of
silver producers with Bunker Hill
soaring 10 points to so
Newmont advanced 6ls to 511a
and Hecla Mining gaining 22s
t 7B. Other metal shares were
sympat.. ,tically strong, with
New Jersey Zinc w 2A at 6l121
Lake Shore up 17s at 453s, and
Pioneer up 3s at IL.
Closely held industrial issuet
were bid up sharply, with
Aluminium up 53s at 76Ha and
General Tire up S at 70, in the
lead.
Hiram Walker headed a quiet
alcohol group with gain Of IN
points to 477s.
Utilities made a promising
start, but the gains were largely
eliminated by selling shortly there
after,
The Washington times., 1933-12-22
Gains ,Aplenty
In Business

Two firms increase, one pays
extra, one accumulated and
one a special dividend in day
Wilson g. Co. earnings Of
$2,933,563 in past year compare
with loss Of $273,193 in previous
IL m o n h S. Delaware and
Lackawanna Railroad places
orders for $4,000 tons of steel
rails. Wall Street brokerage
firms paying employees some
five million dollars in Christ
mas bonuses. New York de-
partment store sales so far this
month increase improvement
started in November. Bank
clearings make good gain over
previous week. Pennsylvania
anthracite employment in No
vember rises 7 per cent above
October.
The Washington times., 1933-12-22
CIRCULATION Up
S86,000,000

Christmas currency demand drew
$86, ,000,0 900 of money into circula.
tion during the week ended
Wednesday, the Federal Reserve
statements reveal. This compares
with an average expectation for
the period of 5000 900, and with
$66, 900, 900 in the corresponding
1882 week and $155,000,000 in the
1881 week.
The rising currency demand
was easily met by member banks
which maintained their excess re.
serves at around $75,000,0O0 or
$500, 900, 900 during the week. New
York city banks reported excess re.
serves at around $750,000,000 or
day, compared with $99,000,000 in
the preceding week.
Demand deposits declined $69,-
0O0,00 and time deposits $4,000
900. All member banks reported
reserve balances only $4,000, 900
lower in the week, indicating a
net increase in excess reserves.
The Washington times., 1933-12-22
Acceptdnces Rise
To NeU 1888 Peak

A rise of $21,421.153 in the vol
ume of bankers acceptances out
standing took place in November,
according to the monthly survey
of the American Acceptance
Council.
This was the third successive
monthly advance and lifted total
volume as of November % to
$758,212,098, a new high level for
the year to date and $64, 1000, 900
higher than the total for three
months ago.
The current total is $38, $50, ,795
above the figure reported for the
close of ovember last year.
The Washington times., 1933-12-22
Pays OHDebt
On DOMarDip

NEW YORK, Dec. ~ GN.SO
Benefiting by the depreciation
in the United States dollar,
the Bell Telephone Company
Of Canada has completely paid
its debt to the parent organ
ization-the American Tele-
phone & Telegraph Company
amounting to $12,245,000 at
the close of 1882, it was made
known today.
Instead Of needing a $500, 900
reserve fund set up to take
care Of possible premium on
the dollar, the Canadian affil-
late was able to use this sum
in payment on the principal,
together with other cash hold
inPS.
The Washington times., 1933-12-22
Fenner, BeGne Firm,
Expanding in South

Anticipating an improvement
in general business conditions
the local office of Fenner, Beane
and Ungerleider announces the
opening Of two new offices and
an expansion of it's services to
other points. On December 90
an office was opened at Holly
wood, Fla. under the management
of Lionel Cassel. and on December
26 an office will be opened at Or
lando, Fla.
Teletype service has been estab-
lished to Greensville, Paris, Cor
sicana, Tyler, Texarkana. Marshall,
Corpus Christi, Texas; Tuscaloosa,
Selma, Decatur, Sheffield, Gads-
den, Alabama; Pine Bluff, Fort
Smith, Arkansas.
An elaborate office was recently
opened in Havana, Cuba, and the
firm is now conducting a survey
with the view to the establish
ment of quite a number of addi-
tional branches.
The Washington times., 1933-12-22
Business Moderate
In Liverpool Spots

LIVERPOOL, Dec. % QNS0'
A moderate business took place in
opening spots today. Prices were
steady with receipts totaling 21,'
900 bales, including 12,500 Amer,
ican.
At noon, middling fair was
6.35d; strictly good middling'
5.9Od; good middling, 5.6od;
strictly middling, 5.4Od; middling,
5.25d; strictly low middling, 5.10d;
low middling. 4.85d; strict good
ordinary, 4.65d, and good ordl'
nary, 4.35d.
Futures opened steady. January
was 5.O4d; March, 5.O6d; May
5.09d, and July, 5.l1d.
The Washington times., 1933-12-22
.U.S.BONDS DROP
AS DOMESTIC
LIENS RISE

NEW YORK, Dec. % UN.s).
Reactionary tendencies in United
st tes Government bonds and
strength in domestic corporation
obligations were the outstanding
developments in bond market trad
ing today as result Of the latest
Presidential edict on silver.
Pressure on the Federal list
brought losses ranging around a
quarter in the Treasury As. Treas
ury 4As and Treasury 4As.
Chile Copper SIS featured the do
mestic group with a squirt Of more
than three points, and was fol-
lowed closely by American and
Foreign Power IS and Postal Tele-
graph SIS.
Rails were fractionally higher
on the average, with Nickel Plate
AVS, st. Paul SIS A, Rock Island
refunding Is and Missouri Pacific
51as showing up particularly we'll.
French 71as headed the foreign
group, rising more than a point.
The Washington times., 1933-12-22
Du POnt de NemOurs
RetireS DebentUreS

NEW YORK, Dec. % G..N.S).
E. I. DUPONT de Nemours g. Co.,
has notified the New York stock
exchange Of its intention to re-
duce the capital stock by the ELI
mination of $1O,000,000 Of its 6
per cent voting debenture stock.
The procedure is largely one Of
bookkeeping since at the start of
this year only $33,500 of this
issue was outstanding.
The action at this time indi-
Gates that this has been acquired
by the company and the entire
iSslle is being cancelled.
The Washington times., 1933-12-22

peak of business stimulation had
been reached. Business decllneo
from July through November.
The August rally was not on a
business basis, however, but was
the result of inflationary policies
and NRA ballyhoo. Then the de-
cline was resumed in mid7Septem
Der, reaching bottom about Octo
ber 81.
The October November recovery
in the stock market anticipated
the fact that November marked
the low point in the business re
action. AS December got under
way it became apparent that the
steel industry was expanding and
that railway car loadlngs were
holding up better.
South Leads Gains
Retail trade, particularly in the
South, was much stimulated. Nat
urally the sensitive forces affect
ing stock speculation anticipated
these developments.
Now we have been witnessing
a reaction. A great deal Of hesita'
ton is apparent in the market.
think that this, too, is to be ex'
planned on rational grounds.
OF course, there are the usual
year-end technical factors, such as
tax-selling, and these are supple
mented this year by some liquida
ton on the part of bank security
affiliates" which has been required
by bank legislation.
But If we regard the previous
recovery as anticipating a stimu-
lation of business based on gov
ernment spending, we may see ir
the present situation a reflection
of Wall Street doubts as to how
far such a stimulus can carry
The Washington times., 1933-12-22
Market for Hogs
ActiUe and HiQher

CHICAGO, Dec. % G.N.SO.
The hog market was fairly active
and mostly so higher today with
best hogs at $3.40. Some were
held higher. Receipts were TO-
600.
Cattle receipts were 1000.
Nothing choice was offered.
Prices were steady with yesterday
and Is to soc higher than at
the first of the week for the
heavy steers. Cows and heifers
sold steady. Stockers and feed
ers showed no change.
Best lambs were held at SITS.
The Washington times., 1933-12-22
PITTSBURGH PRODUCE

PITTsB BURGH. Dec. % G.N.s).
Poultry-Market steady; demand good
supply good. Colored hens. 5 pounds up,
lac; leghorn hens. 31s pounds up, 1Oc.
medium Sc; Hardrock springers, 4la
pounds up. 13c; Leghorn springers, Sc;
colored springers. pounds up, lie, me-
dunn, 1Oc; turkey hens, 1Sc; roosters,
6@7c; ducks, Sa pounds up, 10. under,
&c; geese, fat, lie; ordinary, &C; young
toms, lie; old toms. 14c; No. turkeys,
lee.
Butter-Market steady demand good
supply good 90 score. 17%c: SO score.
lie; SO score. 16c; standard, 17ac.
Eggs-Market firm; demand good
supply good Nearby current receipts,
17G19c fresh extra firsts. 10000; hem
merry white, extras. 23@25c. Southern
Ohio, w. Virginia, and Kentucky current
receipts J7@19c; refrigerator firsts. IA o
15c. extras firsts, l5416C.
The Washington times., 1933-12-22
HEAVY SELLING
CUTS PROFITS
IN GRAINS

HICAG0 Dec. % QN.S),
Grains scared sharply here today
on overnight announcement Of
the Governments silver buying
program and wheat scored its
best advance in more than two
months.
July wheat hit a high Of 84Ac
in opening dealings for an ad-
vance of SC, the maximum gain
permitted for one session. Other
futures were 3A to 414c up. Corn
scared as much as 21ac.
Heavy realizing met the ad.
vance and prices reacted from
the top. Near mid session wheat
was 1% to 234c advanced. corn
11a to 15sc up, oats 1A to 13sc
up and rye / to 1hc advanced.
The Washington times., 1933-12-22
WESTERN DAIRY PRICES

CHICAGO. Dec. %. N.N s.).-Butter
-6,Sss tubs: firm; old cars, s; new. s.;
creamery extras and standards, 1910;
extra firsts 15A @l6c: firsts, 14& q
15Nc; seconds. lac: specials. 16%
017hc.
Eggs-4.02s cases; easy; old cars. 8:
new, /; ordinary current receipts, 15c;
fresh graded extra firsts. 17hc; fresh
graded firsts. 15%c; dirties and checks,
1O@12c.
Cheese-Twins ~ @1Oc; daisies and
lonHhorns 1O61Ohc,
The Washington times., 1933-12-22
Earnings Boosted
Bu Wilson COn1D1nu

NEW YORK, Dec. % G.N.SO. .
Wilson & Co., and subsidiaries re-
ported for the year ended october
%, 1898, earnings of $2,935,563
after charges not including a
$12O.36O profit on sinking fund
bonds. This compares with a
1892 net loss of $273. 1893, exclud-
ing a $324,529 profit made on
bonds purchased for the sinking
fund.
Share earnings amounted to
$13.44 on the Z per cent cumula-
tive preferred stock, against %
cents q year ago.
The Washington times., 1933-12-22
Ldck1UGnnG Places
Rail OrdeN

NEW YORK, Dec. % G.N.SJI
Orders for 10000 tons Of Steay
rails have been placed by the
Delaware and Lackawanna ra1h
road, it was announced today al
the company's offices here.
OF the total 1000 tons vert
awarded to the Bethlehem Steeg
Corporation and the rema1nde1
to Carnegie Steel Company. divt
sion of United States Steel Cor
noration, =,
The Washington times., 1933-12-22
Morris Plan Loans
Gain in December

NEW YORK, Dec. 22.-Tha
Morris Plan Company Of New
York yesterday reported a 5 pei
cent increase in loan volume fog
the first 16 banking days Of De-
cember over the same period q
year ago and a II per cent gain
over last month.
During the 16-day period aH
commodation was extended t6
over $500 individuals.
The Washington times., 1933-12-22
BIG STORE SALES UP

A gain Of 6.1 per cent over last
year was shown by department
stores sales in New York and
Brooklyn in the 13 shopping days
from December / to Is, the Fed
eral Reserve Bank Of New York
reports. Such sales declined IL
per cent in northern New Jersey.
The Washington times., 1933-12-22

understand. In
fact, it h a S,
from that point
Of view, been
quite consist
ent.
It's rise early
in April antici-
pated the phe-
n 0 m N ally
sharp expan-
sion in business
activity during
the summer.
1t brok e
sharply in July,
as we began to
GOO that, the
The Washington times., 1933-12-22
NEW YORK PRODUCE

NEW YORK. Dec % (IN SD.-Buts
ter steady; saIted and unsalted creams
cry. higher scoring, 171s @1sHc: cream"
cry extras, 1791713c; creamery firstA
131$ @16Ec; ladies. fresh, extras. 1413o,
Cheese Easy. State whole milk
flats. 1888, 15@17c: average run, lie:
Wise onsin whole milk, fancy Young
Americans. liz @12c
Eggs-Whte. steady mixed, easier;
ards, 23023l!c; mediums, 21Q22c: near.
by. brown specials. 23c; standards, 20
q 21c; mixed specials, 20 21hc: stand.
ards, 1914 019Rc; firsts l7c; mediums.
141h 015C Pacific Coast. white, fancy
packs. 25Is q 26c; standards, 24i4 q 25c:
mediums. 22ls 023.
The wholesale price &2.23 per zoe
pounds No. fluid milk within tbs
2O1-21O-mile zone.
The Washington times., 1933-12-22
SUGAR IMPORTS RISE

Shipments of raw sugar to the
United States from the Philip.
pines during November were 88,'
518 long tons. an increase of 22.l
per cent over last year. Refined
shipments were 1924 tons, an in.
crease of TOO per cent, according
to cables to the New York Cof-
fee and Sugar Exchange.
The Washington times., 1933-12-22
UTILITY NET HALVED

American Power & Light Co..
Electric Bond & Share Unit. re-
rorts net income Of $5,024, 1854
for the IL months ended October
81, compared with $10,094,S47 In
the preceding IL months.
The Washington times., 1933-12-22
By LEWIS HANEY
Professor of Economics,
Ne1D York UniUerSitp)

If we regard the stock market
as a business barometer, its recent
performance is not difficult to
The Washington times., 1933-12-22
e. SALVADOR BONDS

Part payment Of arrears on Rev
public of Ell Salvador bonds ha4
been arranged for January /. the
protective committee announced
The Washington times., 1933-12-22

Time IL valuable! Save II when shOp~
ping for apartments BY FIRST C0neults
ing the Rental Columns Of the WANT
AID SECTION Of this newspaper .
The Washington times., 1933-12-22
NAVAL STORES

NEW YORK, Dec. 22 GNS.).-Lin-
seed oil per pound, $50 carlotS. Tur.
pentine, easy, ASH @47c. Rosin, easy,
common, 4.65.
The Washington times., 1933-12-22
N. Y. Stock Quotations
(Continued from Preceding PaRe)

Preceding F09eJ
1888 Name and wi. -, ,.Ao EESeSsx
High Low Dividend Rate High Low 1:oO ChGo
371s 71a Youngs &T...... % 2lH 2lI-
Il Zenith Radio. 27s 21s 2N+ II
81 33a Zonite Products.... SIS 5l ob+ n
Optional stock cash. (b) Partly extra tcI Extra
stock and cash. stock (e) Paid this yeas:
(hI Payable in stock tml Payable 10 scrip tn1 3" ~
(wW) With warrants (x") without "sFFAntA
CI Ex- div ytdend a., Ex-riEhtH ,u,.., uv.,L
published through REGULAR dtvdeaN ooriodr
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-20
A Real Story

1t appeared to be an inSig-
nificant quarrel that angered
Kenneth and Maude the day
before Christmas.
But the Williams home
really was near the breaking
point because Kenneth insisted
on overalls for Roddie while
his mother insisted he be her
''well-dreSsed little man."
With Christmas Eve nearing,
many things happened to
Maude. And many things also
happened to her husband.
It's a delightful story, pre-
sented to The indianapolis
Times readers by that famous
author, Margaret Weymouth
Jackson. She writes with an
understanding that brings
every situation home to you.
She writes with the style you
like. She is Indianapolis
best-known woman author and
her story will appeal to the
entire family.
Read it Saturday in The
Times. The title is "Overalls
for Roddie." Here's the real
story of the Christmas season.
Don't forget, "Overalls for
Roddie," by Margaret Wey-
mouth Jackson, appears in Sat-
urday'S Times.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-20
DEFUNCT BANK TO
PAY OFF $4,000
700 DepOSitOrs to Receive
30 Per Cent.

More than 700 depoSitors and
creditors of the defunct Virginia
Avenue State Bank will share in
a $4,000 Christmas present when
checks representing a 40 per cent
dividend are mailed today. An
nouncement of the dividend pay
ment was made by Superior Judge
John w. Kern, in whose court the
receivership is pending.
The checks will be mailed today
by Edward A. Oliger, bank receiver,
following granting of the dividend
order by Judge Kern on petition of
Mr.. Oliger'S attorneys, Kane, Balm
and Hollowell.
Although it is probable that the
40 per cent dividend is the only one
that depositors and creditors will
receive. I regard the accomplish
ment of the receiver as an unusu-
ally fine piece of work" Judge Kern
declared
Larger depoSitorS and creditors OF
the bank were consulted personally
and approved the dividend, Judge
Kern said. The dividend order also
approved payment of preferred
claims to H. w. Rieman and Son
$322.74; Walter Stahlhut. $2502;
Winston E. Pedlow, 1924. and Cal
vary United Brethren church, SITS
An allowance of $437.50 was made
to the Western Audit Company
which acted as accountants for the
receiver. All claims not filed with
the receiver as instructed by the
court ARE now and forever barred,
the order declared.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-20
CITY FIRMS NOT TO
SELL FAKE BLENDS
Two Wholesalers to Handle
Only Real Whisky.

Whisky blends containing moth
ing but alcohol, water and coloring
no longer will be handled by two
large indianapolis wholesale houses
the Kiefer- Stewart Company and
the y-Mueller-W Com
pany, it was announced today.
Officials of the two companies, in
terested by The Times exposure of
the quality of some types of blends
on the market, announced that in
the future, they will stock only
whisky that is a real blend of two
or more types of whisky.
Investigation by The Times dis
closed that some of the blends" be-
ing sold in the city at prices from
s185 up we're of poor quality with
no medicinal value.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-20
BOARD TO PUSH
SUICIDE PROBE
Decision Reserved in Case
Against Policemen in
Girls Death.

While no immediate decision will
be made by the safety board in the
case of two city policemen up on
charges in connection with the
death by poison of Leona Korkus
on Dec. 5. further investigation was
promised today.
Charles Meyers. president of the
safety board, said today that deci-
sion on the charges filed by the
police department against traffic
policemen John Davidson and Ermal
Hamilton would be reserved. He
added that ugly rumors about the
case" will be probed.
Echoes of the D. G. Stephenson
murder case were heard when the
policemen were brought up on
charges yesterday. Donald Morris,
saftey board member compared the
murder of Madge Oberholtzer more
than a decade ago with the death
of the Norkus girl.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-20
LINE OF CHEER
KEEPS GROWING
r
Mile of Dimes Increasing
in Length; All Goes to
Home Town.

Dime by dime, line by line, foot
by foot, the Mile of Dimes, in front
of L. S. .Ayres Co., and S. S. Kresge
Co., grows in clothing for needy
school children of the city.
Nine rows, 100 foot in length,
have been completed and the tenth
row is we'll on its way.
Every dime does its part toward
putting warm mittens, shapely I'M
derWear, and wind-breaker coats on
children selected by Community
Fund Agencies.
Every dime laid on the sidewalk
is spent in retail stores of the city.
Every dime aids home town workers
and gives its own boost to lettering
business conditions as we'll as carry
ing a load of Christmas cheer.
Mile of Dimes, in one weeks time,
has collected $4,000 dimes or APP
proximately $1,000
The money has come from
pinched pocketbookS as we'll as
affluent ones to aid The Indian
apolis Times in the annual Clothe-
a-Child campaign.
Mile of Dimes gives every one, re-
CARELESS of circumstances or sta
ton, an opportunity to become a
part of Clothe-a-Child.
Dime on the line" is the cry of
Mile of Dimes, but in generous full
tones that cry is translated into
Clothe- Child.
1t is one way to Clothe-a Child
Call Riley 1851 for the other way