davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-03-15
SOCIETY
(continued From Second Page.l

CONTINUED From second Page.l
ehoreham Hotel at . O'Clock. Those
receiving are: Mrs. Walter F. George
Mrs. Robert Ramspeck, Mrs. John 8.
wood Mrs. James Longstreet, MRS.
Ter. Mrs. S. West Russell, MISS Juila hll
Obear. Miss Ina Russell, Miss Leane
barber, Miss Mary w. Merrtck, MISS
lucy Cooper Shaw, Miss Bessie War
rem. Mr.. North Winship, Mr.. Carter T.
Barron, Mr.. Thomas L. Camp, Mr. Will
ham L Denning, DR.. H. h. Lpscomp,
Mr. John A. Massey, Count Boris W.
Dmitrieff. Mr.. Lewis w. Atkinson. Mr.
RAYMOND w. Bellamy, Maj. William
Bowie, Mr.. j. Ernest DOWN, MI; L.
Howard Duckett, MIR. N. Thornton Hyn-
son Mr.. Phillip L. Macomb and DR..
Thomas H. Taliaferro.
Mr.. Henry Nestor, Miss Dorothy Day.
EXPORT and Miss Elizabeth Gardner
Coombs are scheduled for the entertain
ment, which promises to be the best.
Capt. Thomas j. Jackson, president
Of the Georgia Society, and Mr.. George
IL. Calvert, jr., president Of the Mary
aand Society, unite in extending an in
vitation to all Georgians and Mary
of the two societies will be admitted
upon presentation of their respective
premiership cards and guest tickets may
be secured at the door.
Mr.. and Mrs. George H. Smith have
Issued invitations for the supper dance
at Wardman Park Hotel on Friday eve
uing in celebration Of st. Patrick's day,
when they will entertain for II guests.
Mr.. and Mrs. Louis Frank of Alban
Towers, formerly of Baltimore, cele-
brated their flfty-third wedding ami
Versary last evening at dinner. There
were IA guests.
The Dramatic Club OF st. Matthias
Catholic Church of Capitol Heights,
Md, was entertained last night by Miss
Helen Stofn in her home on the Marl-
boro boulevard. at Oakland, Md. Plans
were made for the club to give its
Spring play. The guests were Rev. j. j.
Corbett, rector Of the st. Matthias
Church, Miss Corbett, Mrs. William
Bagman of Washington, Mrs. Isabel
CLANCY, president of the club; Miss
Catherine Cats, Miss Lucy Cats, Miss
Alice CLANCY, Mrs. Irene A. Conner, Mr..
Francis O'Connor and Mr.. Richard
6hugrue of Capitol Heights and Mr..
Alvin Turner of Maryland Park, Md.
"A housewarming was given Mrs.
Rachael Carrick in her home on Chapel
road, Seat Pleasant, Md, Monday night
by the Ladies Aid of the Seat Pleasant
Methodist Episcopal Church upon her
return from spending several weeks in
, Washington hospital for injuries she
received when she fell when leaving
one of the organizations meetings. The
guests were Mrs. Fannie Huntington,
Mrs Ruth Boswell, Mrs. Boyer, Mrs.
Bertha Roger, Mrs. Ida L. Acuff. Mrs.
William W. Bowman. Mrs. Martha
Morrow, Mrs. Trent, Mrs. Van, Mrs.
Hastings and Mrs. Dora Bateman.
Mrs. Philip Henry Crisman Of Win
chester, Va, has announced the en-
nagement of her daughter, Miss Helen
Elizabeth Crisman, to Mr.. Bruce Good
win Gorham, formerly Of Rocky Mount,
N. c., but now also OF Winchester. Miss
,Crisman Is a graduate of the State
Teachers College, Farmville, Va, and
,Mr. Gorham is a graduate of North
Carolina State College. Both are men,
bers of college fraternities.
Evening star., 1933-03-15
Many House Members and
Families Honor Guests.

The Massachusetts, State Society will
hold its annual ladies dance" in the
main ball room of the Shoreham Hotel
tomorrow evening at 9 o'clock
Among those expected to attend are
guests of honor, Mrs. Grace Morrison
Poole, president of the Federated Wom-
ems Clubs; Mrs. Russell William Magma
president general of the D. A. R.: Rep
resentative and Mrs John w. Mackor-
mack, Representative George Holden
Tinkham, Representative and Mrs. John
j. Douglas, Representative William T.
Evening star., 1933-03-15
Church Protects Bats,

Parish Church, near Stowmarket, En-
gland, are not to be disturbed during
the annual cleaning of the building
because they are believed to act as pre-
ventive against the death-watch beetle.
Evening star., 1933-03-15
ART EXHIBIT CONTINUED
Gaucho Paintings on Display To-
day at Gallery.

The exhibition Of painttngs Of Ar
genttne Gaucho life by Cesareo Ber-
naldo de Quiros ut the National Gal
Evening star., 1933-03-15

lery Of Art, originally scheduled TO close
March II, were continued on display
throughout today.
The exhibition has been one Of the
most popular displays presented in re-
cent times by the National Gallery.
Evening star., 1933-03-15

Coal produced In Germany In q rs-
cent month totaled S,l63, 900 tons.
The Washington times., 1933-04-05
FISK BONDS PAY
OVER MARKET

NEW YORK, April 5 UNSJ.
Holders of the Fisk Rubber Com
pany first mortgage bonds as a
result of auction of the properties,
will get back about so cents on the
dollar. owners Of the 51a per
cent notes will get around so cents
on the dollar authorities estimate
today.
These payments are more than
double the prices at which these
securities sold in the open market
in the last two years. They also
represent a considerable increase
over the Wood plan for reorganiz-
ing.
Wall Street expects Fisk either
to be liquidated or sold. A leader
in the automobile industry is un-
derstood to be dickering for it.
The property has a book value Of
$23, 10000.
The Washington times., 1933-04-05
N,Y,BANK|SSUES
At NEW Low

New York city bank stock prices
dropped to a new low for 1888
during the past week, the result
being that the average yield now
is 7.61 per cent.
The aggregate value Of the 16
leading issues. as compiled by
Holt, Rose and Troster ended the
week at $1,1O0,852,00O against
$1,212,864,0OO at the close Of the
previous week, a decline of $112,-
O12,OOO, or go per cent. The 1888
high was $1,S53,67S,OOO on Janu-
The a'' current market value Of
the 16 issues is now OIL times
their known book value, against
O.78 on March "a. Based upon
current figures the 16 stocks are
now selling at an average Of 81
times their known earnings, COM
pared with 8.8 times on March "a.
The Washington times., 1933-04-05
3 ROADS REPORT
TRAFF|CGA|N

NEW YORK, April 5 QN.S0-
Three railroads to date have re-
ported a further increase in traf-
fic last week, continuing the re-
covery from the low point during
the banking holiday.
Chicago and Northwestern load
ings last week were 1901 cars,
compared with 1852 the week
before and 81 ,067 in the same 1882
week. Loadings on own lines were
off SO per cent from a year ago,
compared with 11.8 per cent in the
previous week.
Atchison loadings rose to 20, 453
cars from 20,292 cars. The de-
cline from the 22,111 cars loaded
in the same 1892 week was 7.8 per
cent, compared with 8.5 per cent
in the week before.
Chicago, Milwaukee and st.
Paul handled 1879 cars last week,
compared with 1889 cars the
week before and 22,464 in the
same 1882 week. Decline from a
year ago was only 9:5 per cent,
compared with 14.7 per cent in the
previous week.
The Washington times., 1933-04-05
CHASE MEETING
ON ALDR|CH
REFORMS

NEW YORK, April S QN.S)-
Directors Of the Chase National
Bank meet here today to fairly
launch the sweeping banking re-
form sponsored by winthrop w.
Aldrich, chairman and president.
Divorce for Affiliate
The first action which will be
up to the board is divorcement Of
the bank from its investment af-
filiate, Observation-Disclosures Cor
poration. The action, Aldrich
stated, has been considered for
some time.
The expectation is that 1t will
take the form of a call for a spe-
cial meeting Of stockholders to
vote on the enforcement.
The directors also will be faced
by Aldrich's declaration that a
banks board should be sufficiently
small to be thoroughly conver-
SAINT" with its affairs. There are
76 members on the Chase board.
May Be Dissolved
It was reported that Chase-Har-
ris-Forbes would be dissolved and
q small number Of its employees
transferred to the bank.
Some officers, however, are
working on a plan to carry on
under the old name Of Harris,
Forbes & Co.
The Washington times., 1933-04-05
DOLLAR STRONG
|NDULL TRADE

NEW YORK, April S GN.so.
There was little to feature the
dealings on the local foreign eX-
change market today when the
dollar showed consistent strength
against major European curren-
cieS.
British pounds sterling were un-
changed at $3.41 11-16. The four
leading European gold currencies
showed little change as francs and
guilders gained fractionally, while
belgas and Swiss francs were un-
changed from yesterday.
Marks were easy, losing 4 points
at 1918 cents, and lire lost k
point at 5.11A cents. Scandi-
navian exchanges were slightly
easier.
The Canadian dollar slipped off
further to 82A cents, a loss Of 1s
of a cent.
The Washington times., 1933-04-05
GRAIN FUTURES
RUL|NGF|RM

CHICAGO, April 5 UNs0.
Grains ruled firm in early deal
ings here today. Trade was mod
crate.
At mid-Session wheat prices
were " to Zee higher after open
ing steady. Corn was to 1ac
up, oats 14c improved, rye asc
up.
Offerings in corn continued
scarce, while the wheat market
was pushed up despite weakness
at Liverpool. Distressing crop
news and firmness at Winnipeg
brought in buying Of wheat here.
May wheat sold at 56Ac. May
corn brought 32Ac.
Opening prices here follow:
Wheat-May, 553s @555sc: July,
563s @56kc; September, 56B @
SIC.
Corn-May, 32%@321ac: July,
343s@341ac; September. sec.
Oats-May, zoe; July, 20A@
203sc; September, 2012 @2O98c.
The Washington times., 1933-04-05
Spot at Liverpool
In Better Demand

LIVERPOOL, April 5 GN.S0-
There was a better demand for
spot cotton at the opening today,
with prices steady. Receipts to-
tailed 1000 bales, all American.
At midday middling fair was
quoted at 6.38d; strictly good mid
ding, 5.93d; good middling, 5.63d;
strictly middling, $3.50; middling,
SID; strictly low middling, 4.98d;
low middling, 4.83d; strictly good
ordinary, 4.63d, and good ordinary,
4.33d.
Futures opened quiet and steady,
with May at 4.94d; July, 4.95d;
october, 4.97d, and January, 5.02d.
The Washington times., 1933-04-05
February Consumer
Index Shouting Good
lHighl Low ! loo

Despite the intervention of
bank holidays, and the tendency
to hoard which preceded the
national shutdown in March,
trade was not as badly affected
as might have been expected, as
reflected in the current Consumer
Index just issued by Investors
Syndicate Of Minneapolis.
Retail buying was notably un-
affected, with the index staying
as high as it had been in
January. However, this item
showed a distinct decline from
the corresponding month Of a
year previous, with the index
standing at SO in contrast to 78
Of February, 1882. Auto buying
made relatively favorable show.
ing when contrasted with the
preceding months.
The Washington times., 1933-04-05
STEEL
DEMAND T|LTS
PRODUCTION

NEW YORK, April 5 QNS0-
A. broadening in the demands for
steel, aided by increasing produc-
tion schedules in the automobile
industry and requirements OF the
resuscitated brewing industry, has
lifted ingot output to 16A per
cent Of the country'S capacity
from IS per cent last week, the
Iron Age Review states today.
Some individual units Of the
industry have had q surprising
influx Of rush orders, principally
in lastcminute specifications
against low.priced first quarter
sheet contracts, which the mills
insist must be shipped by April Is.
Best in 3 Years
Thus, a leading independent
maker of flat-rolled steel is able
this week to double its sheet mill
operations, having had the larg-
est tonnage for any single week
in three years.
At Chicago, ingot production
has gained two points to ID per
cent Of the districts capacity be-
cause Of a better miscellaneous
demand. A further gain in op-
erations is held likely before the
end Of the week.
In the valleys there has been
q slight increase in SteeEmak1ng
activity, and resumption by a
large plant in that district within
a few days may bring q further
gain, In other districts there
has been no substantial increase
in output of ingots, but finishing
mill schedules have been stepped
up.
Motor, Pickup Cheering
The most cheering news to the
steel industry is the pickup in the
automobile industry, which has
been and still is under the de-
pressing influence Of the banking
situation, though release Of frozen
deposits is making progress.
While the automobile industry
is taking a cautious course, it has
been encouraged by improvement
in retail sales.
Brewery tonnage is coming out
more freely. Sheet business at
Chicago has been considerably i'm
proved by orders from manufac-
turerS Of steel beer kegs, one OF
whom plans on an output OF 1000
a day.
Merchant pig iron sale has
shown an encouraging improve
ment. One large consumer has
covered its regular requirements
for the remainder Of the year for
all Of its plants.
Prices Show Stiffening
A stiffening of prices is apparent
in nearly all districts, with pros
poets Of some outright advances in
the near future, while the $1-a-
ton higher level recently an
nounced in eastern Pennsylvania
has been established by small-lot
sales, bringing about the first in
crease-to $13.68-in the Iron Age
composite pig iron price since May
1929, since when there has been
an average drop Of S. a ton.
Scrap markets are strong, and
there have been scattered ad-
vances on a number of grades in
various districts, but heavy melt
ing steel has not been affected in
the principal markets. Hence, the
Iron Age composite price on that
grade remains at $7.O8 a gross ton
The Washington times., 1933-04-05
G.. e p. Bond Issue
Is DrOpped bH Curb

Among % bond issues dropped
from unlisted trading yesterday
by the New York Curb Exchange
are the First SIS Of 1943 Of the
Chesapeake and Potomac Tele-
phone Company Of Virginia.
Curb officials declined to make
any Official statement on the re-
moval, but it was understood to
have been because Of the mac
tivity Of the issues, which in
clude Federal Land Bank, fore
ign government, industrials and
other utility corporation bonds.
The Washington times., 1933-04-05
CURB PROGRESS
IS SLOW, BUT
GENERAL
BY THEODORE KOsLOW

NEW YORK, April 5 Q.N.S0.
The Curb market made hating
progress toward higher levels to-
day with an absence Of offerings
enabling the majority Of active
leaders to chalk up gains Of minor
proportions.
The announcement that the
New York State Attorney General
was conducting an investigation
into the listing practices Of the
Curb passed without effect since
the impression was prevalent that
both quotations and turnover had
already reached an irreducible
minimum.
Utilities Work Higher
Utilities worked moderately up
the line with American Gas and
Electric, Electric Bond and Share,
American Super Power, Niagara
Hudson Power, and United Light
and Power A topping previous
closings by a fractional margin.
A heavy tone continued to be
shown by Consolidated Gas Of
Baltimore, which dipped " to q
new low for the year at 43A.
The Cities Service issues pur-
sued a meaningless course, the
common off 1s to 21s, and the
debentures holding unchanged at
the 26A level.
Specialties were generally i'm
proved. National Sugar Refining
advanced A to q new two year
peak at 30A, with modest gains
also noted in Newmont Mining,
Swift and Company and Cord
Corporation.
Oils Rule Firm
Oils maintained a firm under
tone, with Standard of Indiana
up. " at 10, and South Penn up
" at. 111a.
Atlas Corporation ruled heavy,
showing q loss of "a at 63s, de-
spite announcement that it would
assume the management Of the
Goldman Sachs Trading Corpora
ton.
Utility bonds were generally
higher, with American Power and
Light IS registering a 2-point re-
covery to IS.
The Washington times., 1933-04-05
POIUer Firm Told
To Correct Books

NEW YORK, April 5 UN.SO.
Charging that properties which
cost Associated Gas and Electric
System $2,275, 900 were valued at
$6,500,000 when placed on the
books of an affiliate, New York
State Electric and Gas Corpora
ton, the New York Public Service
Commission has ordered the lat
ter to correct its accounts.
The commission declared that
the result Of the transaction could
only tend to miSlead creditors Of
the corporation and the public
who invested money in its securi-
ties.
The Washington times., 1933-04-05
SHAKEN
BY BREAK IN
GERMANS
BY MUNRoE ROBERTS

NEW YORK, April S GNS0.
A sharp break in German loans
was an unsettling feature in fore
noon bond market dealings TO-
day, al, rough q. s. Governments
and rail issues showed tirmer
tendencies.
The weakness in Reich bonds
followed :. sinking spell on the
London market. -
Break Runs to 3 Points
The German International 51ss
broke 12s points to 421a; the ex:
ternal rs dropped / hto 81, and
the various German agricultural
bank issues slumped from l to
8 points. Elsewhere in the for.
eign group Italy rs lost "a to
97A.
u. S. Government obligations
were fractionally improved, with
Treasury Is, Treasury IS, Treas
ury 3hs, Liberty 21as and Lib
erty 4th 4As extending recent
gains. ,
A better demand developed
for speculative rail issues. Mis-
souri, Pacific IS "P' gained 70
to 22%; New York Central 4E2s
rose u to 3612, and New York
Central IS showed a gain OF, 70
to 409s.
Utilities Hold Firm
High-grade utilities continued
firm, with Consolidated Gas 412S
up 70 at "a, and American Tele-
phone 51as Of '43 up " to 1039s.
Opening quotations on U. s.
Government bonds were: Liberty
3hs 1O0.22, fourth 4As 1923.
Treasury 4As 1O7.12, 31ss 9S.4
and IS 96.5.
The Washington times., 1933-04-05
INSURANCE STOCKS

Insurance stocks in the New
York city market closed the month
of March at new low levels for
1888, Holt, Rose & Troster report.
Opening March l at 21.01 the
average Of 20 leading
stocks reached 1855, the months
high, on March IS. However. the
close on March 81 was at 20.14
.(revised), the new low for 1898.
The Washington times., 1933-04-05
Investment Trust
ADerQQeS Decline

The investment trust average
compiled by Allied Distributors,
Inc, again declined during the
past week. The average for the
common stocks Of the five lead
ing management trusts, influ-
enced by the leverage factor,
stood at 1922 as of March 81, COM
pared with 9.37 on March "a and
1913 on December 81, 1882.
The average Of the non-lever-
age stocks stood at 9:53 as of the
close March 81, against 9.64 at
the close on March "a. The aver
age of the mutual funds closed at
7.05, against 1853 on March "a.
The Washington times., 1933-04-05
DeInlUQre Agitation
Loss Is S7.685.O98

Aviation Corporation of Della
ware sustained a net loss Of ST.
685, ,098 in 1882, compared with
q loss Of $3,205, 500 in 1881, ac-
cording to the annual report.
Loss last year was after all
charges, write-down of idle prop
erty and equipment, loss of $3,-
602,974 on sale of securities and
reserve Of $1,245,0O0 for con-
tingencies, leases and additional
provision for possible unrealized
losses on property.
The Washington times., 1933-04-05
Philadelphia PO1Oer
Net HiOher for Year

Philadelphia Electric Com
pany's annual report revealed
net available for dividends and
surplus last year totaled $22,-
029,1 ,157, compared with $21, ,978,-
224 for 1881.
Operating revenues were $62,-
492,735, a decrease of $3,176,914,
but operating expenses showed a
drop Of $2,907,351 to $32,812,805
The Washington times., 1933-04-05
Nearly Quarter Value
Of Product Is Paid
To Workers

Labor gets only about "a
cents out Of each dollars worth
Of finished products manufac-
tured in the United States, &C
cording to DR.. Tracy E. Thomp-
son, industrial analyst Of the
Census Bureau. This is based
on 1929 prosperity figures, but
is held fairly applicable to other
years.
The higher the value Of raw
material going into the fin
ished product, the less is labor'S
share, DR.. Thompson finds.
Thus, in copper smelling and re-
filming, the raw products cost
about 92.5 per cent Of the fin
ished, and labor's proportion is
very low.
The Washington times., 1933-04-05
March UI1faUOrUbLe
In Dividend CHANCES

UnfaVorable dividend changes
In March, numbering 1858, showed
a sharp increase over the Feb.
ruary total of 1872, according to
the Standard Statistics Company,
Of New York.
The total for the first three
months. Of the year, however, was
lower than for the corresponding
Neriod Of 1882.
The Washington times., 1933-04-05
Gasoline Advanced
Bu Standard of N. Y.

NEW YORK, April 5 0NS3.
Gasoline prices were advanced !
cent to 101z cents q gallon, ex-
elusive Of tax, today by the Stand
ard OIL Company Of New York.
effective in New York city and
the New England territory.
Other leading oil companies
are expected to follow the ed
vance shortly.
The Washington times., 1933-04-05
Corn Exchange Bank
Pnres Dividend Rate

NEW YORK, April S Q.N.S0.
The Corn Exchange Bank Trust
Company today pared the annual
dividend rate from 81 to So a
share.
Directors declared a quarterly
disbursement Of IS cents, payable
May to stockholders Of record
April 20.
The Washington times., 1933-04-05
Failures Last Week
Are ReLOLD Year AnO

Failures last week totaled 437,
which, although "A more than, the
previous week, compare favorably
with 610 a year ago, Dun and
Bradstreets reported today, point
ing out that a decline at this time
Of the year would be exceptional.
The Washington times., 1933-04-05
AMERADA DIVIDEND

Directors Of Amerada Corpora
tion have declared the regular
quarterly dividend Of so cents per
share on the capital stock, pay
able April 90 to stockholders Of
record April Is.
The Washington times., 1933-04-05
The PENNSYLVANIA RAILROAD
SUMMARY OF ANNUAL REPORT FOR 1882

covering opsratoas for the year 1o,a viii Be formally presented 70
the stockholders the annual meeting April 11 1883 The report
shows that although total operating revenues the lowest since de-
cned compared with 1884, the Company
earned Of $13573s6 This equivalent upon
the outstanding capital stock the close Of the compared with
2o7 upon the outstanding the close of Net
per share par $5o) was $1o3 compared with $14o 1881
OPERATING RESULTS
A'S~
TOTAL R $3313o34S8 D$1168aI
TOTAL OPERATnSc EXPENSES a4ao116os 11o8sA,aS
LEAVING Nr REVENUE S3S1S D$ 584o3
TAxB amounted 22313o 17SST
FACILITY RH, amounted o r.o18S7 a18o41S
Of 4o13ao8 D$ 1oa3768
MAKnc GRo9 h'coA1 o 95731.4ao D$ sr4oN71o
PA1D FUNDED DBBr
CHARGES amounted S18o,
equal 9o6S Capital StoD 57a536 6,61o
dividend Of amounting S. S4S paid stockholders
March 1S 1888, and charged against income for 1882