davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-10-13
CITY COST MORE
THAN DOUBLED

NEW YORK, Oct. 13.-The cost
Of government of 81 cities in New
York State, excluding New York
city, Buffalo and Rochester, rose
220 per cent in the IA years ended
December 81, 1881, according to
a survey by William Parr Capes,
executive secretary of the New
York State Conference of Mayors.
Most of the increase. accord
ing to Mr.. Copes, was the result
of new or expanding functions
and services and higher salaries.
Some was the result of annexing
territory and growth of popula-
ton. Most Of the added expenses
were incurred from 1918 to 1923.
In computing the advance in
the cost of government during the
period, the percentages of in
crease in various classifications
were as follows
General government, 144; pro-
lection of lives and property, 1888;
conservation of health, 1853; sani-
tation, 1853; highways, 1853; chari-
ties and correction, SIS; educa-
ton, 283: noncommercial public
utilities, 200; interest on public
debt, 203; all other expenditures,
judgments, tax refunds
and tax deficiencies, 314.
The Washington times., 1933-10-13
Freeing Frozen Funds
Problem to Hanev

lied. Billions of dollars in de-
posits are still tied up. Probably
over so per cent Of this sum could
be restored to depositors as cash.
But this is not exactly what is
being proposed. Current plans for
"unfreezing" suggest some new
Government organization to take
over" the slow and doubtful as
sets of banks.
More Government Credit
How would this be done? BY
the use of Government credit,
which would be extended to the
new organization and be swapped
for the frozen loans Of the banks.
The unfreezing organization
would then put forth some form
Of "debenture" or other security,
and would take it to the Federal
Reserve banks. The Reserve
banks would discount" this new
paper, which means new loans.
How could the Reserve banks
do this? Well, their chief asset
is Government bonds. So you
see it all comes back to Govern
ment credit.
Three Main Questions
Thus three questions con-
front us:
(D Is ''unfreezing" frozen
loans likely to result in keeping
loans frozen?
(2) Is it safe to put the banks
into lOng-term loans which are
not liquid according to the stand
ards of commercial banking?
(S) Is it wise to put the Gov
ernment further into the banking
business, and to inject more Gov
ernment credit into business?
We may also ask whether it is
probable that bankers who now
have available funds, but who do
not think it wise to make loans,
will feel differently if the Gov
ernment increases their capital
by buying their preferred stock.
The Washington times., 1933-10-13
Argentina Reduces
Tariffs on Imports

Argentina will reduce tariff
rates on wide range of products
under the terms of the Anglo-Ar-
gentine supplementary agree
ment, according to the Commerce
Department, under law just
promulgated which approves the
Anglo-Argentine agreement of
May / and supplementary tariff
agreement signed September 26.
The law affects a broad range
Of products of primary interest to
the United Kingdom in it's trade
with Argentina. and provides for
reductions in the Argentine i'm
port duties on many products in
cluded in the schedules covering
raw materials, foodstuffs, bever-
ages, automotive products, furni-
ture, jewelry, hardware, ma
chinery, glass, pottery and porce-
lain, textiles, and clothing, dry
goods and chemicals.
The Washington times., 1933-10-13
METAL SHARES
ARE UNLOADED
ON CURB

NEW YORK, Oct. 13. GN.s0.
Reactionary tendencies swept
over the curb market today as
pronounced weakness in mining
shares led to selling in other
speculative leaders.
Metals UnlOaded
Pressure on the metal group
was occaSioned by the belief that
the refunding operation of the
government pointed to the main
tenance Of sound money view
1or the time being.
Speculative holdings of leading
issues in this division were stead
lily unloaded at declining prices.
Alcohol shares worked down
ward and utility leaders were
easier but there was a steady
undertone. Specialists were er-
ratio.
Humble a Soft Spot
Humble was a soft spot in an
otherwise steady oil group. At
las Corporation and Pennroad
eased nominally among the in
VeStment trusts.
The Cities Service list appeared
to have attracted a new set of
sponsors and the common was
especially active at its previous
close,
The Washington times., 1933-10-13
COTTON MOVES
OFF ON HEDGE
SELLING

NEW YORK, Oct. IS GNS1.
Cotton futures moved lower to-
day. Hedge and Southern offer.
ings furnished the bulk of con-
tracts, while spot and commission
houses sold moderately.
Price Fixing by Trade
Price fixing for the domestic
and foreign trade was the chief
source of support, with Wall
Street and the Far East taking
scattered contracts.
Southern advices indicated fur.
ther strength in the holding
movement now under way in the
belt. Although farmers have been
picking and ginning rapidly, they
are selling no more cotton than
they have to.
Cooperative associations have
been advertising loans of 8 cents
on cotton, with provision for in
creaSing to 10 cents as soon as
the Government sets the figure
for low-middling.
Weather Favorable
Weather details continued favor
able for picking and ginning.
With the exception Of scattered
showers in Texas, conditions were
mostly clear, temperatures cool,
and no frost.
Midday prices were off 9 to IA
points, with October off at
9:20c, December off II at 9.29c,
January off IA at 9.35c. March
off II at $3.50, and May off 13
at 9.82c.
The Washington times., 1933-10-13
Rise in Stocks
Dollar Seen

The dollar invested in
average common stocks at
the end of September had a
purchasing power of 1874 per
cent above January l, 1888,
according to an analysis by
Administrative and Research
Corporation, comparing with
a decrease of 12.5 per cent
in purchasing power of the
cash dollar and of SIS per
cent in the dollar invested
in average bonds.
Based on the wholesale
index of the Bureau of La
Dor statistics, the cash dollar
on September 30 was worth
87.5 per cent of its January
l value in terms of COM
mOditieS.
The DOw-JOneS average of
30 industrial common stocks
increased more rapidly than
the commodity index during
the period, or from 1898 to
94.82. The Dow-JOnes bond
average rose from 77.74 to
1896.
The Washington times., 1933-10-13
FARM PRICE OFF
AS FOODS RISE

The Bureau of Labor Statistics
report today shows that whole
sale commodity prices advanced
an average .02 per cent in the
week ended october Z. They still
were .o2 per cent below the peak
Of the September % week.
The bureau index showed farm
prices declined to SIS, from So
in the previous week while food
stuffs rose in the same period
from $40 to IS.
The index as a whole stood at
71.3 for the week ended October
Z, compared with I'll for the
week ending September 30. The
year 1925 is taken as 100.
The Washington times., 1933-10-13
POIUer Production
UD OUer 1882 Week

Power production in the United
States in the week ended October
Z was 1876, 10000 kilowatt hours
against 1,506,219,00O in the like
1882 week, an increase of 9.3 per
cent, according to the Edison
Electric Institute.
Output in the week ended Sep
tember 80, totaled 1,652,2811, 900
kioWatt hours against 1,499, ,459,-
600 in the like 1882 week, an in
crease of 1912 per cent, and in the
week ended September % was
/ 1887 900 kiloWatt hours against
AGO, 1853 900 in 1882, an increase
of 9.9 per cent.
The Washington times., 1933-10-13
Demand for Spots
Fair at LiUerDOOL

LIVERPOOL, Oct. 13 0.N.SO.
There was a fair demand for spot
cotton at the opening today with
prices steady. Receipts totaled
$4,000 bales including 5000 Amer
lean bales.
At midday middling fair was
quoted at 6.59d; strict good mid
ding 6.14d; good middling 5.84d;
strict middling 5.59d; middling
SAD; strict low middling 5.27d;
low middling, 5.04d; strict good
ordinary 4.84; and good ordinary
4.54d.
Futures opened steady with Oc-
tober at 5.28d; January 5.30d;
March 5.34d; and May 5.38d.
The Washington times., 1933-10-13
WHEAT BREAKS.
8 CENTS FOR
NEW Low

CHICAGO, Oct. 13 GN.S0.
Heavy liquidation depressed grain
prices sharply here today as trad
ing was resumed after the holt
day, wheat breaking as much as
cents to new low on the move
ment.
Continued weakness at Liver
pool and a sharp break in pound
sterling prompted the selling in.
grains. :
The market recovered partially
but weak undertone prevailed;
wheat being 21sc to 23sc lower at
midsession. Corn was 11sc to H4c
off, oats 1ac to 3sc down, and Rye
112c to &c lower.
Prices were easier from the
start. Opening prices were: :"
Wheat-December, 811a@822f
May, 85@864c July, 83@84Ac. Z
Corn-December, 41B@42 Of
May, 481a@49c; July, 501ac.
Oats-December, 327s 0331sc:
May, 361a; July, 343sc. =
The Washington times., 1933-10-13
B. { D. EARNING
ONPREFERRED

Baltimore & Ohio Railroad
earnings for 1888 are estimated
to show a balance of $4,000, 900
for the preferred stock, which
would compare with a net loss
of $6,334,978 in 1882 and net
income of $3,429, ,662 in 1881.
Earnings of 100000 this year
would represent $3.50 a share on
the 585,632 preferred shares out
standing.
For the first eight months of
1928, the B. g. o. reported gross
revenues of $84,236,197, as COM
pared with $84,468,372 in the
similar period last year and
$119,422,768 in the like portion
of 1881. Net operating income
for the first eight months was
increased to $19,300,418 from
$12,843,156 in the corresponding
period of 1882 and $17,915,8O2 in
1881 period.
The Washington times., 1933-10-13
Electric Rate Cut
For Staten Island

NEW YORK, Oct. 13.-New
York Public Service Commission
has ordered temporary emergency
electric rates to be charged by
Staten Island Edison Corporation
which will result in reductions of
10 per cent effective october 25.
The electric companies of the
Consolidated Gas System in
Greater New York were ordered
to reduce their rates per cent,
the Westchester Lighting Com
pany to cut rates 3 per cent and
the Queensborough Gas and Elec-
trio Company to cut rates 18 per
cent, but their effective date has
been deferred pending outcome OF
rehearings.
The Washington times., 1933-10-13
Extra Dividend Due
To Beer Bottle Sale

NEW YORK, Oct. 13 GN.SO.
The Owens-Illinois Glass Co. has
declared an extra dividend of Csc
a share besides the regular div
idend of soc a share, payable No
vember Is to stockholders of
record of October 80.
William E. Lewis, president, said
increasing earnings were due to
the sale of beer bottles, and pre-
dicted gains in business in liquor
wares if and when the Eighteenth
Amendment is repealed,
The Washington times., 1933-10-13
% National Banks
ReOpened in 10 DdUs

Twenty-three national banks
were licensed and reopened in the
first 10 days of October and re-
organization plans were approved
for 10 others, Currency Controller
]. F. T. O'Connor announced.
Up to october 10 there were
372 national banks which had re-
organization plans approved. They
had frozen deposits of 1897 ,000,-
600 and unrestricted deposits OF
$30,127, 900.
The Washington times., 1933-10-13
Business Machines
Sets Sales Record

International Business Machines
Corp. reports September was the.
largest sales month in its his.
tory. Volume exceeded that Of
June, 1929, the previous record
month, by about IA per cent, and
was more than double that Of
September. 1882.
Large sales we're few, but i'm.
dividual sales we're numerous and
were scattered widely among -.
countries.
The Washington times., 1933-10-13
GASOL|NESTORE.
GUT SHARPLY
By International News Service

BY international News service
Stocks of gasoline in the United
States increased $4,000 barrels
last week to a total of 51,073,000
barrels, according to the Ameri-
can Petroleum Institute.
Daily average crude oil produc-
tion was cut $4,000 barrels last
week was 478,OOO barrels a day,
level it was 6O,35O barrels above
the Federal allowable for october.
Oklahoma's average for the
week for 478.0OO barrels a day,
against a Federal quota of 478,-
800 barrels while actual output in
Kansas of 10000 barrels just
balanced allowable.
The Washington times., 1933-10-13

Many are the result Of poor judg-
ment.
The ordinary way to get rid of
frozen loans is to "liquidate" them.
Such collateral as may lie behind
them is taken and realized.
There may be a complete loss,
and the loan be written off. The
failure of the bank may result.
But "the situation is cleaned up"
Throughout this depression, we
have sought to avoid such a dras-
tic course.
So now, instead of liquidating,
we are proposing to "unfreeze."
Release Desirable
It is very desirable that the
sound part of the assets of the
failed and restricted banks be real
The Washington times., 1933-10-13
J. C.. Penney Sales
Rise in Septen1ber

September sales of the j. G,
Penney Company were 24.7 per-
cent above those of the same 1881
month, rising from $13,054,785 to,
$16,288,275. *
In the nine months ended Sep.
tember 80, sales totaled $115,087j-
SIG, compared with $104,533, ,85R
in the corresponding 1882 period,
a gain of 10.1 per cent. ,;
The Washington times., 1933-10-13
NeW York Central
Deficit Is tSLnShed

The New York Central railroad
reports net income of $1,106, ,342
for August, against net deficit
Of $852,981 in August of last
year.
For the first eight months of
this year Central had a net
deficit of $4,524,986, against a
net deficit of $15,654,649 in the
like 1882 period.
The Washington times., 1933-10-13
Many Listed Stocks =
Still Pau Dividends

More than a third of the 1,211
stocks listed on the New York
Stock Exchange still are on n
regular dividend basis after four,
years of declining corporate prof
it, and of the 435 dividend payers
more than half afford yield
ranging between 4 and 8 per cent,
according to a compilation pre-
pared by Frazier Jelke & co. Fl
About 200 are preferred stocks
and all but % issues receive dis
tributions at regular intervals. NJ,
The Washington times., 1933-10-13
CHEEKY Briefs
On Business

Continental Can increases
dividend. .Twenty-three ma
tiOnal banks reOpened in 10
days. Wholesale commodity
index rises in week. Steel
ingOt output rate rising this
week. Proctor and Gamble
third quarter net increased
Pennsylvania lines l0adingS
above like week last year. E.
Baltimore and Ohio estimates
earnings balance of $2,OOO,-
600 this year, against deficit
of $6,334,978 in 1882. Union
Carbide reports best quarter
business since 1881.
The Washington times., 1933-10-13
Pennsylvania Adds
1000 to PQHrOLLs

AS a result of the NRA pro-
gram and increased business, the
Pennsylvania railroad reports H.
600 men added to its payrolls
since June !.
Many others who had been on
part time have had their hours
extended.
The Washington times., 1933-10-13

freeze" the fro
zen loans Of the
banks.
Frozen loans
are loans which
cannot be called
in and PAL d
when due. Some
Of tn e m are
SLOW" Others
are doubtful"
Others are just
too bad.
All are "aS-
SETS of banks
W hich h av e
turned out to be
Ill nd aSi able
The Washington times., 1933-10-13
Pullman Company
Revenues Increase

Gross revenues of the Pullman
Company increased in August, a
report of operations to the Inter
state Commerce Commission
shows. Gross totaled $3,62O,589,
compared with $3,475,241 in
August, 1882.
Net after taxes amounted to
$135, ,806, against $167,848.
The Washington times., 1933-10-13
COAL PRICES BOOSTED

The better grades of smokeless
slack coal have been increased in
price from 20 cents a ton last
May and IS cents a ton in July to
q range of from 80 cents to $1.65.
The trade attributes the rise to
the coal code.
The Washington times., 1933-10-13
IMPORTERS SEEK CODE

National Council Of American
Importers and Traders, Inc, In:
Sisting that importers be per.
mitted to operate under a master
code Of their own, will file briefs
upholding contention that they
are entitled to separate classiff-:
cation from that of wholesalers:
The Washington times., 1933-10-13
BY LEWIS HANEY
Professor Of Economics at New York
University

Which logically comes first,
credit or business? Is it sound to
expand credit in advance Of bust
ness?
These are big questions concern
ing the drive to expand bank cred
its.
Another important question con-
Germs the current proposals to "un-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
80 FORD COUPES
Westchester Finance
s Radios, Musical Instruments

FORD-'26 Tudor runs and looks good.
Finish So week payments. 38l5 College
FORD-'32 De. cpe.; only SOS; SIS down.
720 n. Meridian.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
MINISTER APPOINTED
PROBATION OFFICER
Rev. Francis McCabe. Irv-
inqton. Gets State Post.

Appointment Of the Rev. Francis
McCabe. rector Of ST. Matthews
Episcopal church Irvington, TO the
post Of state probation officer was
announced today BY Governor Paul
v MCNutt.
The appointee was the unanimous
choice Of the new state probation
commission. a nOn-paid advisory
council He is expected 10 resign
his pastorate 10 accept the position.
The Rev. Mr.. McCabe is a Har-
ward graduate, served as an A. z. z.
chaplain. and took a course in pro-
baton work. He has been engaged
part time in probation work under
Scion G Vial. Marion county prOba-
ton officer. The new position viii
be a full-time post.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
: Cards. In MemOriams

IN NFMORIAM loving remembrance
Of my dear husband. WILLIAM LUCK
EFT. who passed away four years ago
TO-DAY. Sent. %. 1929.
There is a wife who misses YOU sadly,
And finds time long since YOU left.
Who thinks of YOU daily and hourly.
But tries 10 be brave and content.
And remembers though al the
A LOVING WIFE
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20

WRIGHT. ". beloved husband OF
Alice n Wright and father Of Mrs Eta
Beisel deuarted this life Tuesday. Sept
10 age - wears Funeral Thursday.
sept n. at the residence Of the daugh-
ter. 500 ( 42d st. 1915 a. m. and at
Farmers Chanel church near Frankfort
At ~ m Burial IN Bunnen cemetery.
Friends invited Funeral under the d.
1919, Of MOORE a KIRK
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
Al Autos Wanted.

CASH FOR YOUR CAR OR EQUITY
'Indiana's LARGEST Used Car Dealer"
|. WOLF AUTO co.
SIS N. Capitol. Lr-4sis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
LEGALS
NOTICE TO BIDDERS

NOTICE TO BIDDERS
Notice is hereby given that sealed oids
for the purchase Of the following matsrlalS
Will be received by the Chairman OF tne
State Highway Commission Of Indiana, az
his office on sthe third floor, state House
Annex. l02 North Senate Avenue indian
apohs. Indiana. until 200 .. n. on ne
4th day Of October 1888 At which tlme
they VIII be publicly opened and read
Invitation 2so4 $50 Tons Riprap stone
Shipped F. O. 3 Mt Vernon
Invitation 2s05 Electric Automatic
Traffic Signals installed al intersection y
Roads 30 & Al. south of Hammond ana
other az intersection of Roads 20 q -.
south OF Michigan CITY
Bids shall be submitted upon STANDARD
proposal forms Proposal forms ana
specifications viii be furnished free upon
request
The right is reserved by the chairman 70
reject any or all bids. or to award on any
combination Of bids that in his Judgment
Is most advantageous 10 the State OF IN
diana
STATE HIGHWAY COMMISSION OF
INDIANA
james D.. Adams. Chairman
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-20
REAL ESTATE FOR SALE
IS Sale Suburban Property

VALLEY MILLS-5-room mod
bungalow garage, chicken house, shade:
to acres. Owner. RI-3063.
Evening star., 1933-10-21
TYPHOID elimination
DRIVE IS COMMENCED
Prince Georges Health Officer De-
clares 500 Vaccinated in
Report.
BY a Stan Correspondent of The Star

BY a Stan Correspondent Of The Star.
UPPER MARLBORO, Md. october
21.-A campaign to eliminate typhoid
fever from the one Prince Georges
County colored community, where it oc-
ours most frequently, is well under way,
the monthly report of DR.. A. B. Hooton,
county health officer, discloses.
In the report, made public today, DR..
Hooton states that through the whole
hearted cooperation of school authori-
ties, local physicians and others inter-
ested in public health, 400 persons in
the community received three inocula-
tions of typhoid vaccine and about 100
others received one or more doses"
An educational program also was
started, and sanitation of the COM
munity begun, but this, however, IS a
slow method of control, and consider
able time must elapse before all OF the
dangerous places are cleaned up, ac-
cording to the report.
Since February '13 cases have devel-
oped In this community of 1000 peo-
pie, all of the cases occurring in four
homes.
In addition to the typhoid work, DR..
Hooton says in his report that the
months activities Of the county Public
Health Department have included school
examinations, tuberculosis clinics, va
rious disease quarantine endorsements,
nuisance attachments, disqualification Of
patients and arranging dental clinics
for schools.
Evening star., 1933-10-21
AND BUS
HEARINGS PLANNED
Public to Get Chance to Ex'
press Views on Proposed
Rerouting.

The public will be given opportunity
to present its views on any proposed
rerouting of street car and bus lines
before any changes are adopted as
result of merger of the washington
Railway & Electric Co. and the Capital
Traction Co., it was stated today by
Riley E. Elgen, acting chairman of the
Public Utilities Commission.
officials of the two street railway
companies, which will become the Capt.
tai Transit Co. on December l, now
are making a study of possible changes
in routing. The commission will be
advised of any changes proposed Ly
the transit company.
Commission officials do not antici-
pate any changes will be effected prior
to December /.
Commission experts now are engaged
in studying proposals for transfers be-
tween street railway and bus lines OF
the new company after the merger Is
consumated. The merger legislation
stipulated that the new company should
grant with each street railway fare q
free transfer to any connecting portion
of its street railway lines within the
District. subject to reasonable rules to
prevent. abuses. 1t provided also for
.transfers between street cars and busses
and between bus lines, under reasonable
terms as the commission may require.
Company officials, it was said today,
already are studying. but have not
reached any decision on plans for pur-
chase of the Washington Rapid Transit
Co., the now independent bus company.
but the real effort to bring this element
into the merger is expected to be made
after December l.
Evening star., 1933-10-21
REOPENING SOUGHT .
FOR REACHES RUN
Commissioner Bell Asks Aid for
Bass Fishing From
Camerer.

The reopening for fishing of Reaches
Run, favorite resort of Washington bass
fishermen, was requested by Commis-
sioner Frank T. Bell of the Bureau Of
Fisheries in letter to Arno B. Camerer,
director of Public Buildings, Parks and
Reservations.
Mr.. Bell requests not only that
Reaches Run and Reaches Pond be
made available to fishermen, but that
automobile parking facilities be fur
nished. He states. in part:
IT note that fishing is prohibited on
the ground that the pond is used as q
bird sanctuary. I have made an in
spection of this pond and do not under
stand how it can be classed as a bird
sanctuary, nor do I understand how
the birds can be disturbed by the fish,
ermen In making observations IN
times past as I have driven along the
highway I noted a number of people
fishing from the bank and one or two
fishing from boat. but could not see
that they in any way disturbed the
bird life.
IT do not understand how this pond
could be favorably located for a bird
sanctuary on account Of the fact that
that trains of several railroads pass
along the western bank at frequent
intervals Airplanes fly low over the
pond in making landings at the nearby
airport and the heavy automobile traf-
fic along the Mount Vernon Highway
would also make it undesirable. On
account of the large water area in the
Potomac River opposite the highway I
feel that the bird life Is well taken
care of. The mud flats extend from
Gravely Point almost two-thirds Of the
way across the river, and this area can
not be used by motor boats and should
make an excellent rest place for all
| forms of bird life"