davidaulloa/AmericanStories huggingface dataset:
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1933-06-01

One Needful Thing
Confidence does more to make con-
versation than wit.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1933-06-01
Sensational
"SKOW- DOWN" PLAN
Wins Thousands
Overnight!

Imagine q car that sells itself - and
doubles its sales almost overnight in city
after city. That's what the new Dodgeis
doing :. laying its cards on the table 80.
then asking any other car near its price to
match it on the open road, in traffic and
up hills. Go yournearest Dodge dealer
today and ask for the sensational "Show-
Down" score card. Then make your own
"Show-Down" test against any other car.
The Washington times., 1933-12-21
BANKERS URGED.
To SIGN CODE

NEW YORK, Dec. 81 GN.S0.
Investment bankers-from the
smallest one-man organization
to the largest security dealers
were urged in a letter sent out to-
day by the Investment Bankers
Association of America to sign
the basic code in order to partici-
pate in the fair practice code now
being drafted.
Groups all over the country
have contributed ideas for the
fair practice agreement, the letter
from the I. B. A. president, Robert
E. Christie, jr., points out. while
many have asked Qualification Of
questions arising under the basic
draft.
It is pointed out that firms do
ing securities business, both on
and off exchanges, are subject to
two codes. He urges all houses,
whether members of the I. B. A..
or not, to join in the discussions
of the fair practice code.
The Washington times., 1933-12-21

She has plenty Of gold. Her
people are intensely opposed to
any kind of initiation. England
does not desire that the franc,
which is the last important link
between international exchange
and gold, should be debased.
The chief danger lies in the u1'
balanced French budget and the
possibility of increased boarding
in France. But it does not seem
likely that any pressure on the
French financial position will be
come critical unless and until the
United States finally decides to
stabilize the dollar.
Would Return Funds Here
When that time comes, as it
will some day, there would be a
return of funds to this country
which might be rapid and of large
proportions. This would lead to
the withdrawal of gold from
France and put real pressure on
her reserves.
For the present, however, our
own financial position is so dis
turbed by the NRA-AAA policies,
Government spending and mon
etary manipulation that I can
not see much chance of a rush
of capital to us. Probably we
can expect no real stabilizatiOn
until England is ready to enter
an agreement with us to sta
bilize the dollar and the pound.
Our trouble is that Cd we want
to follow "nationalistic" policies
and raise our domestic prices
while at the same time ~ we
want to export and to work
through foreign exchange in our
manipulation of the dollar. The
two things do not jibe.
Seek Own Protection
In fact, I think foreign coun'
tries, are more likely to pro-
The Washington times., 1933-12-21
OUTPUT.
RISE SLOWED
SLIGHTLY

Electric output In the United
States in the week ended Decem-
Der 16 was So per cent better
than in the corresponding week
Of 1882. In the week Of Decem-
Der 9 output was Sc per cent
higher than in the equivalent
1882 week. =
Apparently weather conditions
are mostly to blame for last
weeks lessened rate Of increase
over 1882 as compared with the
preceding week.
Output last week exceeded the
volume of the previous week BY
about 25,000,000 XVIII, whereas in
1882 a gain Of roughly $4,000, 900
XVIII. took place in the equivalent
period.
The Middle Atlantic region re-
ported an increase of Al per
cent as against a rise Of 6.2 per
cent in the preceding week. The
Southern States region reported
a decline of 0.9 per cent, whereas
in the preceding week a gain Of
0.5 per cent was shown.
The Washington times., 1933-12-21
STEADY
WITH COLD

NEW YORK, Dec. 81 G.Ns),
The dollar was steady today as the
Reconstruction Finance Corpora
ton held the gold price at $34.06
an ounce, unchanged for the
fourth successive day.
This gave the dollar an official
indicated value of 60.68 cents
against 64.27 cents in terms Of
the world gold price and 64.53
cents in terms of the French franc.
British pounds sterling gained
B of a cent at $5.09A. Scan
dinavian exchanges were slightly
firmer and the Canadian dollar
rallied 1s of a cent to sell at a
premium Of "a Of l per cent over
the dollar.
French francs were unchanged
at 6.0912 cents, Belgian belgas
gained at 21.65, Swiss francs 6
at 30.06, and Dutch guilderS IL
at 62.52.
German marks advanced 5
points to 1920 ceNtS, Spanish
pesetas l to 1875. but Italian lire
lost V point at SIT.
The Washington times., 1933-12-21
COTTON PRICES
LAG IN ACTIVE
DEALINGS

NEW YORK, Dec. 81 d.NS0
Although trading in cotton fu-
lures was somewhat more active
today, the run of contractes con
tinued to fluctuate in an ex'
tremely narrow range at levels
slightly below the previous close
The tone was fairly steady, but
the market failed to follow an up
turn at Liverpool.
Trade Demand Persistent
A persistent trade and commits
sion house demand helped to
steady the market. January
liquidation for first notice day be-
came more aggressive, but it was
readily absorbed by this demand
Wall Street purchased distant
months.
New Orleans and the South
were moderate sellers. There was
considerable liquidation in distant
positions as we'll as in January,
but trade and outside buying off
set this and held the list to mini
mum losses.
Bureau of Census preliminary
figures showed 3O,881,9 1854 cotton
spinning spindles were in place in
the United States November 80.
OF these, 25,423,3 ,348 were operated
at some time during the month,
compared with 25,875,1 in Octo-
ber and 24,368,478 in November
last year.
More Buying in South
Other than the spindle report,
there was little news in cotton
circles. Southern reports indi-
Gated a peak basis and somewhat
more interest shown by buyers,
although on the whole purchases
are confined to actual needs.
Noon quotations were off l to 4
points, with January off 3 at 9.83,
March off / at 1901, May off at
1915, July off l at 1929, and Oc-
tober off 4 at 1916.
The Washington times., 1933-12-21
FAIR DREW OVER
100000

CHICAGO, Dec. 21.-The final
audited report of a Century Of
Progress for the year 1888 shows
total paid attendance at the ex-
position amounted to 22,565, ,S59..
Gross income from admissions
totaled $10,175,007 and gross in
come representing expenditures Of
visitors on the grounds exclusive
of admissions was $27, $40,
which indicates an average ex-
penditure per person of about
$1.20.
Net income after expenses and
interest was $8,404,998. Balance
after deducting so per cent Of
cost of plant and equipment was
$2,488,936.
Total estimated investment in
the exposition, including con-
struction and organization ex-
pense prior to the opening on
May 81, 1888, was $38,647,837.
The Washington times., 1933-12-21
Bank Issues Firn1er
And Hiqher for Week

The New York city bank stock
market was firmer this past
week, moving upward with Sc
curities prices in general. The
aggregate market value Of 16
leading iSues, as compiled by
Holt, Rose & Troster, is now ST.
las, 1886, 900, compared with ST.
los $4,000 at the close on De-
cember 8, an increase of $40,6O3,-
600, or 1857 per cent.
The current average yield of
6.84 per cent compares with 7.09
per cent on December 8. The
current market value is O.84
times known book value, against
OBJ on. December 8.
They are quoted at an average
Of 99 times known earnings,
against 9.5 times at the close of
the previous week.
The Washington times., 1933-12-21
Lines On Better
Trade Doings

Dividend resumed by Cary,
Philip Company resumes and
Hamilton WOOIen Company de-
clares special, and 16 firms vote
regular dividends in day. .EleC-
trio power output last week So
per cent above year age. Iron
Age reports steel production
ahead Of schedules and still ris-
ing. Auto financing in No
vember 173 per cent above that
of like 1882 month. Glass 1
railroads handled 6 per cent
more freight in first 10 months
this year than last. Cotton
ginnings to December 13, 275,OOO
bales more than in like period
Of 1882 season. Department
store sales in first 13 December
days 81 per cent above year ago.
The Washington times., 1933-12-21
Chesapeake e Ohio
Net Income Climbs

NEW YORK, Dec. 81 G.N.S0
The Chesapeake and Ohio Rail
way, the major eastern road to
report for November, showed a
net income of $2,569,832 after
charges against $2,041,183 a year
ago.
For the II months ended No.
vember 80 the road showed almost
a $5,0OO,000 gain over the same
period a year ago, net income to-
falling $26,O30,398, amounting to
$3.4O a share on 7,652,987 shares
of common stock. This compares
with $21,33O,34S, equal to $2.79 per
share.
The Washington times., 1933-12-21
IMPROVE
GENERALLY IN
QUIET TRADE

NEW YORK, Dec. 81 U.N.SJ.
The bond market displayed quiet
firmneSs today, with generally
improved levels the rule in the
majority Of active obligations.
Rails did better in spots, with
Chesapeake Corporation SIS, New
York Central AVS new, and
Southern Pacific 41as Of '68 regis
tering fractional gains.
U. S. Governments were dull,
with Treasury 4As Of As out
standing.
General Gable 51as was a strong
feature in the domestic division,
chalking up a gain Of 11a points.
German 51as and French TVS
were the leaders in the foreign
group.
Investment grade loans were
steady, with American Telephone
IS up slightly, Consolidated Gas
51as and Union Pacific 1st As,
unchanged.
The Washington times., 1933-12-21
French Abandonment
OF Gold Unlikely

tect their currencies against our
manipulation Of the dollar by re-
fusing to trade with us, raising
their tariffs, etc., than they are
to engage in a war Of currency
depreciation with us.
"It seems quite possible that
France may finally put an en-
barge on gold exports to cOun-
tries which are off the gold
standard-chiefIy the U. s.
This could be done with Eng
lands cooperation. Thus France
could protect her gold and still
say with some justice that she
had not abandoned the gold
standard.
MY guess is that if France were
to abandon the gold standard, the
general results here would be
somewhat as follows:
Wall Street has considered such
a possibility as being bearish, and
the first effect would probably
be selling in the stock market.
The gold stocks would probably be
among the weak spots at first.
It would hamper the Govern.
ment's gold buying plan. With
no important country on a gold
standard, or at least none selling
gold to us, what would Prof. War
ren's gold price amount to?
Since our domestic prices
have hardly risen at all, more
vigorous methods of internal in
fIation would probably be re-
sort to. If the Government
could not buy gold, it would in
one way or another buy other
commodities.
Doubts would arise that we
would ever get back on a gold
standard. All this might bring a
wave Of initiation. Foreign funds
would flow in to buy equities as
a speculation. Prices would then
rise.
Chaos to EnSue
A chaotic condition would
ensue. Currencies would be more
uncertain in value than ever. Our
remaining exports would suffer
severely. Prices would fluctuate
widely.
Revaluation Of the dollar would
then be speeded, and stabilization
plans be adopted. Probably the
stock market would react severely.
But the price" of gold would be
high.
Eventually, by international
agreement, there would be .
general return to the gold
standard, with some kind Of
an international pooling Of gold
reserves.
But, before all this, budgets
must be balanced and internar
tional trade be freed Of restric-
tions.
The Washington times., 1933-12-21
Brazil WithhOIds
Coffee ShipnlentS

Neither the Federal Govern
ment nor the National Coffee Do
partment of Brazil will consign:
coffee to the United States or
other countries, according to an
announcement of the National
Coffee Department authorized by
the Minister of Finance in .
cable to the New York Coffee
and Sugar Exchange.
The cable also denied rumorS
regarding the creation of agenr
cieS for distribution of Brazilian
coffees in competition with the
regular local dealers. It was
further stated that no person has
any authority to make sales Of.
fers or promise any advantages
whatsoever to importers, roasterS
or dealers abroad.
The Washington times., 1933-12-21
CHICAGO GRAINS
RULE MIXED
AND DULL

CHICAGO, Dec. 81 UN.S0,
Grains displayed a mixed tone
in dull early dealings.
Wheat dipped u to 7sc at the
start and later recovered slightly
on light buying. Corn and other
grains were steady to firm.
Near mid-session wheat was "
to 1ac lower, corn "a to Zee up,
oats 1sc up to 1sc down and rye
unchanged to Zee up.
May wheat sold at 81Ac, July
79Ac. May corn brought 481sc.
Opening prices follow:
Wheat December, 1914 q 1874;
May, 81 q 812s; July, 79A @
79k.
Corn May, 4sh @ 4s14; July,
1919 q SO.
Oats December 81; May, 34%
q 35; July, 327s q 33.
The Washington times., 1933-12-21
Decline in Listed
Securities ShOlUn

The market value of so repre-,
sentative stocks listed on the New
York Stock Exchange at the
close of business December 16
was $12,490, ,465, $50, a decrease of
$61O,594,125, or 4.6 per cent, com.
pared with $13, ,O59,875 at the
close Of the previous week, &C.
cording to compilation by Paul
H. Davis & Co.
At the close Of the correspond
ing week a year ago, the same
so stocks had a market value of
50 1853, ,800,125 an increase dur
ing the year of $3,136,665,6 ,625, or
33.5 per c-nt.
The Washington times., 1933-12-21
AHTme Mark
For Traffic

LOadings Of revenue freight
for the week ended December
Is are estimated to have ap-
proximated $500 cars as COM
pared with 537,5O3 cars in the
Immediately preceding week and
516,796 in the week ended De-
cember II, 1892.
The first IA major carriers to
report lOadings on line for the
December 16 week loaded 49,
298 cars as compared with 20S,-
216 in the Immediately preced-
ing seven days, an increase Of
5.3 per cent.
This is the first time in rail-
road traffic records that load
ings for this week have regis
tered an increase over the pre-
ViOuS week.
The Washington times., 1933-12-21
Investment Trusts
Maintain AUer1Qe8

Investment trust securities were
again little changed during the
past week, although the trend
was slightly lower.
The average for the common
stocks of five leading manage
ment trusts, influenced by the
leverage factor, as compiled by
Allied Distributors, Inc, stood at
1912 as of December IS, COM
pared with 1886 on December 8.
The low for the current year to
date for 1922 on March 81.
The average Of the nonleverage
stocks stood at 1902 as Of the
close December IS, compared
with 1920 at the close on De-
cember 8. The average Of the
mutual funds closed at 1912, COM
pared with 1919.
The Washington times., 1933-12-21
G.. NJ. Stockholders
Decrease to 35l,76l

The total number of General
Motors common and preferred
stockholders for the fourth quar-
ter of 1888 was $51,761 COM
pared with 355,789 for the third
quarter of 1888 and with 365, ,985
for the fourth quarter of 1882.
There were 333,632 holders of
common stock and the balance of
1929 represents holders of pre-
ferred stock. These figures COM
pare with 337,820 common stock
holders and 1850 preferred for
the third quarter Of 1888.
The Washington times., 1933-12-21
Stocks at Chicago
LOLUer Last Week

twenty-five representative stocks
listed on the Chicago Stock Ex-
change had a market value at
the close of business December
Is of $457 ,490,937, a decrease of
"a, 400, ,063, or 5.08 per cent, as
compared with $481, ,981 900 at the
close of the previous week, accord.
ing to a compilation by Paul H.
Davis & Co.
At the close of the correspond
ing week a year ago, the same
Is stocks had a market value Of
$40, ,167,374, indicating an in
crease during the year Of $17,323,-
563, or 3.94 per cent.
The Washington times., 1933-12-21
Quiet, Prices
Same at Liverpool

LIVERPOOL, Dec. 81 G.N.SO
Spots were quiet at the opening of
the Liverpool cotton market today,
prices holding unchanged from
Wednesday. Receipts were 5000
bales, including 100 American.
Shortly after midday middling fair
was 6.34d; strictly good middling,
5.89d; good middling, 5.59d; strict
ly middling, 5.39d; middling, 5.24d;
strictly low middling, 5.09d; low
middling, 4.84d; strictly good or
binary, 4.64d, and good ordinary,
4.34d.
Futures opened steady with
January at 5.04d; March. 5.06d;
May, 5.09d, and July, 5.10d.
The Washington times., 1933-12-21
NelU Auto Financing
High AbOUe Year AGO

Sharp increase in the dollar VOL
ume of retail financing on new
automobiles was shown in Novem-
ber compared with the like month
last year, the Department of Com
merce announced.
The increase amounted to 173
per cent. A decline of Is per cent
in November from the previous de-
cline of 26 per cent in November
from the previous month was an
nounced. However, this is largely
a seasonal decline, it was ex-
planned.
Figures for the first II months
this year showed a 36.6 per cent
increase over the corresponding
1882 period, it was stated.
The Washington times., 1933-12-21
Peoples Drug Sales
Beneath Last Year

NEW YORK, Dec. 81 G.N.SO.
Peoples Drug Stores November
sales amounted to $1,228, 1854, com
pared with ST. ,248, $40 in November,
1882, a decline of is per cent.
In the II months ended Novem-
Der 80, sales totaled $13,827, ,238,
against $14,486,646 in the same
period last year, a decrease Of as
per cent.
The Washington times., 1933-12-21
Hog Market ActiUe
And MOStLu LOWeT

CHICAGO, Dec. 81 Q.N.S0.
Hog receipts were 10000 today
with the market active and mostly
SC to 10c higher than yesterday.
Choice medium weights sold at
$3.35, and some were held higher.
The supply of cattle was 1000.
Higher prices were asked and most
good steers sold better, including
the heavyweights. Cows and
heifers were reported steady to
strong. StockerS and feeders
showed no change.
The sheep market was slow, but
prices were steady to strong, with
best lambs held at TAO.
The Washington times., 1933-12-21
CLEVELAND LIVESTOCK

CLEVELAND, Ohio, Dec. 81 (I.NS.).
Hog-Receipts $50; market open, fairly
active; 1Oc higher; closing slow and
weak; top and bulk, $50
Cattle-Receipts $50; market slow
weak; demand narrow; receipts grading
common; choice handyweight- steers
quotable, $6.OO@6.50.
fCalves-Receipts $50: market very
slow and weak; top, 800
Sheep-Receipts 1000; market steady:
fairly active; bulk Of the good lambs,
$7O097 25; choice lambs quotable, $3.50.
The Washington times., 1933-12-21

France, and the
probable results
if that were to
happen.
First, I will
say that there
does not appear
to be m u C h
danger Of any
early action Of
this sort. I
con 81 d er the
chances tn a t
France will stay
on her present
gold standard to
be better than
E0.60
The Washington times., 1933-12-21
Post War Initiation
Blamed in COLLUDSe

The post war initiation of the
American price level is blamed
as a major reason for the collapse
OF the gold standard by Charles
Rist, economist associated with
the Bank of France, writing in
foreign affairs.
Rist asserted the SO per cent
rise in American prices from 1915
to 1925 were not in terms of
gold but in dollars, thus creating
an illusion and creating a false
basis when England, France and
other countries returned to gold
after the war,
The Washington times., 1933-12-21
DIVIDEND ANNOUNCEMENTS
REGULAR

of
dividend the first Quarter of 1891 until meeting scheduled for January
lack directors
of at
o a
Wooen
Philip So Accum $3.50 90 %
The Washington times., 1933-12-21
PAYMENT RESUMED

Weston Electric Instrumnet
Corporation resumed payments
on the class A stock when di-
rectorS voted a dividend of so
cents a share, payable January
2 to stock of record Decmeber 26.
The last previous payment was
SO cents on January 3, 1888.
The Washington times., 1933-12-21
BY LEWIS HANEY
Professor of Economics
Mem York UninPrSifn

I have received several inquiries
concerning the possible abandon
ment of the gold standard by
The Washington times., 1933-12-21
Ex-DIvIDEND TOMORROW

American Maize Products common ..............
Intl Hydro Eec System pf..................
Southern California Gas So pf...................
Southern California Gas SO pf. A............."
Western Power Corp 10 preferred. .s..s.........
Weston Electrical Instrument Cl A.............o
Evening star., 1933-03-19
"ST. MIHIEL"

I71Z 10th st. NV.
Southwest Corner. 10th and Riggs
Between r and Streets
Elevator Building-Electric Refrigeration
Resident Manager, Apt. No. 206
$780, room and bath.
S42.50-l room, kitchen and bath.
$751; to S57.50-2 rooms, kitchen and
bath.
$50 90 to S65.00-2 rooms. kitchen, re-
ception hall and bath.
S7O.OO-3 rooms, kitchen, reception hall
and bath.
Evening star., 1933-03-19
THE RIPLEY

142f X street NV.
Within short walking distance OF
Thomas Circle and downtown Sec
tion. Low-priced apartment in
desirable building.
Apt. 44-o large rooms. kitch-
en-, bath, large porch .... $4,000
Evening star., 1933-03-19
THE BRIARCLIFF
1850 Mintwood Piace NV.

A delightful location within .
blocks of 18th st. and Col. I'd. NV.
Convenient to stores, schools and car
lines; quiet. refined atmosphere;
house meter.
Apt. 20o-3 rooms, kitchen,
oatn StO.W
Apt. 301-6 rooms, baths. :. 1000
Evening star., 1933-03-19
THE LELAND
m ~ ~ nv

Convenient location one-haH block
south OF Dupont Circle. Easy walk
ing distance from downtown section.
Frigidaire in housekeeping apt.
Apt. 32-2 rooms and bath. $3.50
Apt. 81 rooms, kitchen and
Evening star., 1933-03-19
1aaG SHEPHERD ST NV

Three-story apartment building
Near rev Roosevelt High School.
Convenient to car and bus lines.
Electric refrigeration on house meter.
Apt 6-3 rooms, kitchen
Evening star., 1933-03-19
NAVAL VILLAGE

24l5-23 and 81 St. NV.
Ideal location for children; all rooms
outside; electric refrigeration in each
building
2 rms, kit, bath S36.5O to S4l.5O
Resident Manager in 2423
Evening star., 1933-03-19
THE HOME

eth and Mass. Ave. NV.
Downtown location. opposite Car
negie Library. Frigidaire.
Apt 5l-4 rooms, kitchen
and bath. ........ $4,000
Evening star., 1933-03-19
LA RENE

A25 Connecticut Ave. NV.
Northeast Cor. Conn. Ave. anG Legation
Electric refrigeration. operated at
owners expense; 24-hour switchboard
service; two fast elevators, operated
"a hours a day; garage in basement;
resident manager
/ r, k, d.. a.. d. r.. $40, so
r., r. X. K; d. d a., a, B. s7a so to $3.50 $3.50
Apts. Open and Lighted Until 10 Pm.
Evening star., 1933-03-19
PENTILLY

1872 X st. NV.
Elevator and switchboard: electric
refriseration included in rent.
. r. k, b., porch. $4,000 to $3.50
8 r, X. 8. b......... 12s.00
Apartments Lighted at Night
Resident Manager
Evening star., 1933-03-19
1914 CONN. AVE. NV.

Al Porter st.
Resident manager on premises; cleo
trio refrigeration on house current.
rms, kit, bath. S51.00 to S55 90
Apis. Open and Lighted in Evening
Evening star., 1933-03-19
322I CONN. AVE. NV.

One Square North Of Kennedy-Warren
Elevator service; resident manager;
2 rms, kit, bath. >. S47.5O to S55. 90
rms, kit, bath. h............. $500
Evening star., 1933-03-19

THE CEDRIC
412O nth st. NV.
Convenient to schools. Fairgrounds,
stores. car and bus lines. Refrigera-
ton on house meter.
Apt. 2S-2 rooms, kitchen,
bath cleo. refrigeration. $1,000
Resident Manager on Premises.
Evening star., 1933-03-19
THE SEDGEWICK

IbtH St' N: w
Twenty four hour elevator and
switchboard service: electric refrieera-
ton on house current: resident man
ager, apt. 202.
. rms. kit. bath. .S47 so to s59.50
rms. kit. bath. h........... 1880
Evening star., 1933-03-19
3pIs WISCONSIN AVE. NV.

32IS WISCONSIN AVE. NV.
blocks north of Massachusetts
avenue, on a hfsh elevation, op-
venient to schools. stores. car and
bus lines. Electric refrieeration on
house meter.
Apt. I7-3 rooms, kitchen.
dinette, bath ......... $500
Evening star., 1933-03-19
STANLEY ARMS

STANLEY ARMS
II25 18th street NV.
Central downtown location. 10
minutes walk from shopping CEN
ter. Frigidaire on house meter.
Murphy bed, If desired
Apt. sal room, kitchen. dinette.
reception hall. bath. ....... $1,000
Evening star., 1933-03-19
3534 10th ST. NV
1sc6 18th ct NW

l rm.. kit, bath. ........... $40. 90
2 rms, kit, bath. .S37. so and 1000
Evening star., 1933-03-19
THE AVONDALE

II34 81. NV.
One block from Dupont Circle.
Convenient to downtown section.
Apt. 63-2 rooms, kitchen
and bath .............. 5000