davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-09-03
GRAIN PEGS" CUT
TRADING SHARPLY
Weeks Volume at Chicago
Drops Almost Half Bill
lion Bushels.
BY the Associated Press.


CHICAGO. September collapse
Of the booming grain markets and re-
sultant imposition Of peg"
trading restrictions-apparen has
Sapped the speculative grain trade of its
initiative
Volume of trading at the Chicago
Board of Trade has dwindled to a
fraction of its one time total since daily
fluctuations of grain prices were pre-
scribed within narrow limits.
Pegs" now in force restrict daily
changes in wheat rye and barley prices
to five cents bushel-up or down
from levels prevailing at the close Of
the previous trading session.
Similar limits on corn are four cents,
oats three cents. and SO cents a 100
pounds on provisions
These pegs" have come as the result
of the grain markets early Summer
joyride-which ended in mid-July With
a crash in which wheat broke 80 cents
a bushel in two days, dropping from
Sl.25 to approximately 95 cents.
A picture of the decline in trading
can be drawn from official reports Of
the grain futures administration For
the week ending July l4-the week be-
fore the crash-a total Of 694 744 00n
bushels of all grains was sold on the
floor Of the Board of Trade. and for
the week ending August 49, just five
weeks later. transactions totaled only
1876. 756,000 bushels
This decline - almost 100000 900
bushels-is approximately the size of
the estimated 1888 wheat crop in the
United States
Wheat trading has experienced the
most drastic decline in volume-from
426.3l9000 bushels for the week ending
July IA to l0S194. 900 the week ending
August 18.
Evening star., 1933-09-03
BALTIMORE REVEALS
1888 MORE JOBS
Marked Improvement From July 27
to August 19 Is Announced
After N. r. A. Survey.
Special Dispatch to The Star.

SSeS4oi OAopaCSu u Inc otaE.
BALTIMORE, September 2-The
hnal check-up Of all employers in Bal
timore by the shock troops" of the
N. R. A., under Joseph P. Healy. presi-
dent of the Maryland District of Co.
lumbia Federation of Labor. showed
1888 new full-time employees added
TO the pay rolls of the city from july
~ to August l9 and 1856 from June
to July q.
Those advanced from part-tine to
full-time since July 81 totaled 4454.
The guarantee Of employers to add still
more new employees to their rolls bv
September 9 totaled 4,157. There were
TAB persons dropped since July l for
various reasons.
This makes a total of 29.371 per-
sons who have already received abso-
lutte positive benefit from the N. R A.
orlve. Healy said. The full benefit Of
TINS new employment should begin to be
1elt within two weeks. as most of the
pay rolls are on a two-week basis"
1t was announced also. that 1876 8e8
consumer pledges had been obtained
from Baltimore houSeholders. binding
the sleners to give their patronage only
70 establishments displaying the Blue
Eagle OF the recovery program.
Evening star., 1933-09-03
Stock Statistics
Compiled by Standard Statistics Co.
Continental Oil Co.

Among the larger units in the Mid
continent that should register improve
ment is Continental Oil Co.. which. to-
gether with its subsidiaries. forms a
complete integrated unit in the produc-
ton, distribution and refining of petro-
leum and its products. Widespread re-
tail distribution is accomplished through
bulk and service stations located in
some 30-odd States of the Central and
South West. Representation is also had
along the Eastern seaboard Due to
generally unsettled conditions in the oil
industry and the business depression
Continental has yet to demonstrate its
potential earning power although ex-
cellent progress has been made during
the past few years in reducing costs
through the elimination of improbable
units. For the first quarter of 1888 a
net loss of s2,825 PAT compared with
loss of 81 ,444,133 in 1882 and a S12.-
045575 loss in 1881. However, it is be-
lieved that considerable improvement
occurred during the second-quarter
period.
General Asphalt Co.
Despite the additional burden imposed
upon the Oil and asphalt divisions by
the tariff on these products, General
Asphalt Co. is believed to be approach
ing profitable operations. Building con-
struction, which uses large amounts of
asphalt roofings, floorings and paints, is
turning upward, and road-building will
soon be stimulated by the injection of
Federal funds. Prices in the asphalt
roofing material division have recently
been advanced. Adverse decision of the
British courts on the company's claim
to oil royalties from the Vigas conces-
sion in Venezuela eliminated an i'm
portant source of potential profits. but
did not involve any reduction of in
come. inasmuch as no revenues had
been derived from the property. Finan-
cial position is strong
Loose -WiIes Biscuit Co.
With earnings for the full year esti-
mated in excess of $3.50 per share
against only s204 for 1882. the trend of
LooseWiles Biscuit Co.'S profits appears
finally to have been reversed, and the
maintenance Of sound financial posi-
ton suggests that concern over the Sc
curity of the 81 dividend need no longer
be entertained. A rising volume Of unit
sales was mainly responsible for second
quarter earnings increase, as substantial
price advances in these lines have not
been generally effected. Net income for
tne SIX mOntnS was equivalent 10 81 ~
common share, as compared with
S1.21 for the similar interval a year
earlier. Returns for the remainder of
the year should remain at an improved
level, and the eventual reattainment OF
the 81 to IS per share profits which
were reported in past periods Of gen.
eral normal activity may be counted
upon. The second largest maker Of
packaged crackers and biscuits in this
country. Loose -Wiles, has built up Ma
tion-wide consumer demand for its
products and its sales volume should re-
cover further with any additional re-
vival of general business activity. More
ever. increased public purchasing power
SHOULD be reflected in proportionately
larger sales of more expensive land
profitable) lines.
distributed by Bell Syndicate, lnc.)
Evening star., 1933-09-03
Baltimore Markets
Special Dispatch to The Star

Special Dispatch to The Star
BALTIMORE. Md. September Z
QAe live poultry market continues sleduy
Eth demand good for ROCKS SAo Coi-
ored Springers of good fat size, WHICH
meets with ready sale, but moNemeh. lo
not active on small thin stock. Market
for old hens firmer and a SHADE nlgnei
11nder light receipts at Is Genus
Mound for stock weighing pounos anu
over. and 10 to IA for medium ot2 W .
mounds. but Leghorns continue $40" sais
at to IL with poor, light foWl as wen
as old roosters hard to place at b 10 o,
Plymouth Rocks continue TO prlLe Cop
nrices of l8 to 20 for Springers Weighing
81. mounds and over. but mixed colored
and Rhode Island Reds will not bring
over l6 to II. while 2l2 to 81 pounoers
not so desirable at IA to Is and smaller
generally slow sale at IA and 10. WIN
the cooler weather prevailing demand
for Young ducks shows an improvement
and fun feathered fat stock. A. pounos
and over, meet with ready sale at Io 10
- but smaller move slow at to lO.
remand for young guinea fowl con-
times good and all birds weighing 2
mounds and over meet with reaoy SAFE
at 35 each, but shipment of stock unoer
~ pounds not advisable. Pigeons very
dull and hard to move at 10 to 10
pair for both young and old
White Potatoes Weak.
Market for white potatoes weak ana
values show a sharp decline from last
week at l.9O to 2l0 per 100 pounds,
hut it takes we'll graded U. S. No Is to
bring this price as ungraded, mixed
stock moves slow at IS to 185. Vlr-
ginia sweet potatoes in fairly good oe-
mand at 65 to IS bushel for No. STOCK
with ungraded selling mostly SO to gu
Market for native and nearby garden
truck holds steady to firm on most hnes
and all desirable vegetables meet Win
ready sale at the following quotations:
Beans, 25 to so bushel, and stringless.
40 to 90: and carrots and beets, l.50 10
200 hundred: cabbage, 40 to gu busnel'
corn. S to 10 dozen: cucumberS, ~ W
25 hamper: eggplants. Is to % hamper :
lima beans. 80 to 100 hamper for ma
tive and 200 to 2.75 bushel for Mary
land and Virginia Eastern Shore stock;
onions IS to 100 per so pounds: pep
pers and squash. 10 to 20 hamper; to-
matoes. 20 to 40 hamper and 35 to Az
bushel for Gamers stock.
Live Stock Market.
The live stock market on the wharves
continues dull and inactiva except Tor
choice first quality stock with common
under grades dull and low-priced poor
quality of cattle extremely hard TO move
and only handy-weight veal calves, lao
to ITO pounds, show any activity: Quo
tations today at Light Street Wharf
Beef cattle. first quality, pound, 5l2 to
6 Common to medium. pound, 6 to 5
Bulls, as to quality. pound. 2 to 3l2
60. cbo;na ~ fanny noIlnd 2 to az,
common to fair, pound l q to 2l2. Oxen
as to quality, pound, y to 81. Calves
veal, choice pound, 612 to 7; large, fat
pound, 5la to 6; large rough, pound
az to S; common, thin, pound, to 4
Sheep, pound, 1l2 to 8. Spring lambs
choice. pound. 6l2 to IA; fair to good
pound, to 6; small thin. pound, 3 to 4
Hogs straight, pound, 4 to 5. Sows
pound. 3 to 3l2. Stays, pound, to 2i2
Live pigs, pound, to 8. Shoats, pound
4 to 6.
Evening star., 1933-09-03
IMPROVEMENT SEEN
IN COTTON STAPLES
Greater Lengths Reported, Espe-
cially in Alabam and South
Carolina.
BY the Associated Press.


ATLANTA, September marked
improvement in staple lengths Of cotton
ginned SO far this year In Alabama and
South Carolina over last years crop was
reported today by the cotton marketing
division of the United States Depart
ment Of Agriculture.
Georgia staple lengths showed some
improvement over the week before
There was less cotton under 7s-inch
and more above 1916, with SO per cent
of the crop so far 70 and better.
Only three-tenths of per cent of
the cotton ginned so far in Alabama
has been shorter than g inch, while
the total crop of 1882 included about
is per cent of less than that length.
For South Carolina the department
reported total lack of cotton less than
IS inch. with almost SO per cent of the
cotton ginned so far running longer
than g. The staple average for the
State is we'll above both early ginnlngS
and the total crop of last year
Grades OF cotton in Georgia were re-
ported much lower than in the first
week Of the active ginning season. and
the same condition was noted in South
Carolina. In Alabama. however. grades
for the last week improved from 79 per
cent white middling and better to about
80 per cent.
Evening star., 1933-09-03
FINANCIAL WORKERS REST.

NEW YORK, September 2 (P)-With
all markets closed thousands Of work
ers in the financial district got an
other extra holiday today. Banks,
however. were open on their usual Sat-
urday schedule Trading on the secur-
ity and commodity exchanges will be
resumed next Tuesday morning.
Evening star., 1933-09-03
AUGUST RANGE NARROW
IN INSURANCE STOCKS
Special Dispatch to The Star.

NEW YORK. September 2.-msur-
ance stocks in the New York City mar
ket were quiet and steady during Au-
gust. Holt, Rose & Troster report.
opening August / at 1859. the weight
ed average Of 20 leading issues reached
the months high of $500 on August 9,
touched the months low of 35.48 on
August 80, and closed August 81 at
1858
Phoenix was a feature. showing q
net gain Of points for the month
Among the low-priced issues, Harmonic
gained points.
Evening star., 1933-09-03
NEW FINANCING DUE.

NEW YORK. September 2 tP).-New
State and municipal bond issues sched-f
uled for award next week. reports theI
Daily Bond Buyer. aggregate $6 ,908 253.}
The weekly average for the year toGsdats'
Is around $l3,000,000.
Evening star., 1933-09-03
JEWEL TEA SALES OFF.

CHICAGO September 2 CP).-Sales
al level Tea CO. for the four weeks
ended August II we're $730,839 COM
pared with s755.629 in corresponding
Assks last year. drop Of s.2S per cent.
Evening star., 1933-09-03
GOLD RESERVE RATIO
OFF SLIGHTLY IN WEEK
By the Associated Press.

BY the Associated Press.
The ratio of gold reserves and other
cash to deposit and Federal Reserve
note liabilities combined showed slight
loss during the week ended August 80,
as the change was measured by the
Reserve Board In the table that fol-
lows the ratio is given for comparable
periods. as announced by the board:
Week ended August 30...... 61.b per cent
Previous week q" per cent
aame week last year....... 60.4 per cent
Evening star., 1933-09-03
CORPORATION EARNINGS

NEW YORK, September CP)-Per-
share earnings of corporations report
ing during the past week and compari-
sons with the previous year included:
Six months ended June 80: 1893. 1882.
Evening star., 1933-09-03
Hester's Cotton Report.

Comparisons are to actual dates, not to
close of corresponding weeks dn thousand
bales.
In sight for week "6a; wear ago. o12;
two years ago. l15; for the month 81; year
age. 1ol two years ago. 100: for season,
Port receipts for season. 5s1; year ago.
473: two years ago. "9S.
Overland to mills and Canada for season,
81: year ago. 36; two years ago. 80.
Southern mill takinss for season. 31e;
year ago. 227: two years ago. 2SS.
Interior stocks in excess Of August ],
minus a4; year ago. minus los; two years
Foreien exports for the week. 1872: year
500: year aso. 52a: two years ago. 600:
Northern and Canadian spinners takings
for the week 80: year ago, 90; for season,
1877: year ago. 70
Statement of spinners takirgs Of Ameri-
can cotton throughout the world:
This week :41; year ago. 100; two
years ago. 49,.
Total since August l. 1'1s5: year ago
955: two years ago. St3.
Statement Of worlds visible supply
Total visible this week SOFT; week ago.
S,127; year ago 1896: two years ago. t. 961
OF this total American this week. 6422:
week ago 1894; year ago. 6's43; two years
All other kinds this week. 1855; week
ago 1913; year ago, 1883; two years ago,
All other kinds this week. 1858; week
aso; l.733; year ago, 1858; two years ago.
visible in United States this week, 4,asl;
3. eas s:'sa Year - ago. a'7ea. '''
Evening star., 1933-09-03
New York Cotton


eral business in the cotton market dur
ing the last week has been restricted
by the approach Of the holidays
Southern hedging has been in evidence,
but in no great volume and while there
have been spurts of liquidation it has
been absorbed on comparatively mod
crate declines by trade buying or cover
ing Traders. however appear to have
found no particular inspiration in the
general news and much of the business
has been attributed TO the EVENING" up
of accounts.
After selling off to 957 early in the
week or about AZ points from the high
price touched on the rally Of last Sat
urday. December stiftened up on a
squirt Of covering during Tuesdays late
trading, but later eased off again under
renewal of pre-holiday liquidation and
scattered selling
Reports Of crop deterioration have
been somewhat more in evidence during
the week emphasizing the increase in
boil weevil investigation and unfavor-
able weather conditions in some sec
tions of the belt
The first of the private end August
reports to appear have pointed to the
probability of an increase rather than
a decrease in the indicated crop One
Of these reports placed the condition
at 688, compared with 725 the previous
month. The other made the condition
652 compared with $50 a month ago.
while the 10-veer average deteriora-
tion in the Government figures for
the month of August has been 100
points These private reports placed
the crop indication at figures ranging
from l26O800 UP to 1908 600 bales
compared with the Governments Au-
gust l indication of 12,314000. The
trade is awaiting the Government re-
port scheduled for publication on Sep
tember 8 for a more authoritative line
on the crop outlook.
Evening star., 1933-09-03

Dividend dollars quarterly or semi annual
tPartly cash or
stock Payablt in stock. Plus So
Plus IL Plus 2G this year-no
as IN
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-01

responsibility for the facing of the
coming winter by more than million
unemployed New York workers, is the
first issue on the question of the city
budget.
The Communist Party demands
that the city budget be arranged on
a basis of complete responsibility of
the city to all workers of New York
to replace the wages that are lost
through unemployment. This is as
important for those workers who are
employed as 1t is for the unemployed.
Social insurance against all forms of
unemployment and disability must be
taken up and fought for by the whole
of the working class. 1t is now known
that even if the N.RA. were &C
complislling every one of It's protested
purposes, there would remain not less
than four or five million unemployed
in the United States after complete
restoration of what is called pros
perity. While the capitalist system
lasts, chronic mass unemployment Is
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-01
Shoe Strikers
to Participate in
March to Capital

NEW YORK. - The shoe strikers
IRE ready to march to Washington to
tell President Roosevelt and General
Hugh johnson, of the N.R.A., that
they will accept no other union but
the industrial Union and that thev
demand an immediate settlement of
their strike. This was evident in the
mass response to the call for march
ers at the strike hall yesterday. Hun
dreds Of shoe workers have already
registered for the great protest de-
monstration against the N, R. A,
More than thousand strikers are
expected to participate in the mass
march to Wall Streets capital. For
this. the Industrial Union points out,
trucks and cars are necessary and
also funds to meet the necessary ex-
penses.
The delegation Of four strikers met
with the National Labor Board in
Washington again yesterday and
were tod that another meeting would
be held with the manufacturers to-
day. This is in line with the policy
of the N.RA. to postpone and delay
settlement Of the strike, with the in
tention of starving out the workers.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-01
Strike Total
N0W Above
That of 1921
BY SEYMOUR WALDMAN
(Washington Bureau

WASHINGTON, D. c., Oct. 81
Official figures showing that the
mounting nationwide struggles
against the N.R,A produced more
strikes during last July, August and
September, than were recorded dur
ing the same months of 1921, were
handed out today by Secretary of La
Dor Frances Perkins.
According to the Secretary's own
figures, there were 201 strikes involv-
ing 5,083 workers in July, 1888,
compared with 1877 involving 102,872
workers in July, 1921; 152 strikes in
volving 141, 1873 workers in August,
1888, as compared with 143 strikes in
volving 83,088 workers in August,
1921, and 211 strikes involving 212,093
workers during September, 1888, as
compared with 124 strikes involving
1888 workers in September, 1921.
Oddly enough, the Secretary gave
the statistics to the press in a state
ment saying that there is no need
for the public to become alarmed
over present industrial disputes"
The above exceedingly relevant fig
ures for the past three months were
buried in a statement covering six
months of both years, which showed
a greater total for 1921 than for 1888,
entirely ignoring the fact that in 1921
strikes declined after May, while in
the corresponding period foc 1888
they rose swiftly and steadily.
The Secretary called on workers to
"use the legitimate weapon of the
strike only as last resort" The
statement, which is an obvious fore
shadowing of compulsory arbitration,
said:
THE Labor Board and the concili-
alton service of the Department of
Labor provide a means for peaceful
settlement of industrial differences.
AS employers and wage earners be-
come more accustomed to availing
themselves of such machinery in
their common interest we may in
many instances substitute settlements
at the conference table for long
drawn out, costly strikes and lock-
outs"
In discussing the present strike
wave, Iile oSCIetdiy oGdIeu tildb Iile
present strikes are perfectly natural
with the revival of business"
Then you believe that we are wit
Messing revival of business?" she
was asked.
Yes"
How do you reconcile your state
ment with the Oct. 90 announce
ment of the Commerce Department
that the heavy industries have made
little progress recently and in several
the tendency has been downward.
Steel operations have declined, and
automobile production dropped
sharply last week. Retail trade re-
ports are of the same character as in
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-01

OF saving the biggest property owners
from those forms of extraordinary
taxation which come al time OF
crisis.
But from the point Of view Of the
working class, which we represent,
the so-called economy first" type of
taxation in this economic crisis means
in plain English starvation first.
We are in the midst of the deep
est and the longest, the most terrible
economic crisis ever known in the
history of civilization. Seventeen
million workers are unemployed in
the United States, the only indus
trial country in the whole world
whose national government absolute
ly rejects responsibility for insuring
workers against unemployment. The
National Recovery Act is not solving
the problem. In fact, 1t is an open
secret that the N.R.A. has completely
collapsed as recovery measure. The
problem of unemployment is not
solved by the MIRA, and the full
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-01
New York Nazis to
Hold Rally Soon to
Glorify Hitlerism
Denounce the Western
Union for Accepting
Lynch Wires
(See story on Page 81

NEW YORK.-The Nazis of New
York will hold their German Day"
rally in New York soon.
This was the decision Monday
night of the renovated" United Ger
man Societies, in which the most no.
torious Nazis have been replaced by
leSs-known Nazis, following the ex-
posture led by the Daily Worker,
which forced Mayor O'Brien to ban
their use of an arrnory last Sunday,
under the pressure of the New York
anti Fascist forces.
The Friends of New Germany"
the official representatives of the
bloody Hitler in New York, were to
meet in Turn Halle, 85th ST. and
Lexington Ave, last night to reorgan-
ize their forces.
Their leader, Heinz Spanknoebel,
has been driven underground by the
exposure of his activities initiated by
the Daily Worker, which forced the
Department of Justice to issu war
rant for his arrest. On Sunday he
wrote a letter to DR.. Ignaz T. Griebl,
his successor.
The text of his 1etetr, a photo
graph OF which appears on Page of
today's Daily Worker, is in part:
Dear DIR. Griebl:
You will undoubtedly be surprised
that l did not come to see you yes
terday and even more that I will not
return at all in the future. am going
to leave the United States-some-
where. learned through the papers
yesterday that there is warrant of
arrest issued against me, which is
elf-explanatory for my action.
You know I did not leave because
of being afraid and not being able to
acquit myself against the heavy
charges and slandeTous accusations,
but because 1 was told by my lawyer
that l cannot and will not find JUS
tice facing Jewish judges
Il have never been politically en-
gagged against the United States dur
ing my activities amongst the Ger
mans in this country. I have always
respected the symbol of the United
States-the Stars pangled Banner
and l have always been and still am
an admirer of President Roosevelt.
ut never was my intention to
spread anti-Semitic propaganda.
Il certainly do not feel guilty and
believe to have fulfilled my task. I
earnestly hope that the methods used
against me will be lesson to the
citizens of German descent. I fur
thermore hope that they demand for
themselves the same privilege of any
citizen of this country-that is, the
privilege of free speech.
ITO all my friends. and especially
to you-my best wishes and good
luck.
Heinz Spanknoebel."