davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-04-13
|STOCK'S IN UPTURN
| ON BIGGER MARKET
Buying Broadens as List Ad-
vanees Quickly in After
noon Trading.
BY GEORGE 7. HUGHES.

Special Dispatch to The Star.
NEW YORK, April 13.-A broad up
ward movement in the stock market
today followed discussion of the pros
pect of inf1ationary legislation in Wash
ington. 1t was accelerated by acute
weakness in the dollar abroad. which
: in turn was founded on the same re-
ports.
The market had opened quiet but
fractionally higher and it did not really
start its upward swing until around
midday. Then buying orders poured
in from all quarters, especially for the
so-called commodity stocks. The pace
| was so fast that the tape could not keep
up when the buying was at its height,
| although there were intervals of rela-
tive inactivity.
The foreign exchange market was
almost diSorderly. Sterling, which had
opened unchanged. was up between S
and cents in the early afternoon.
Francs, which also had started in rn-
changed, were up over points at the
same time. The Belgian bill advanced
IA points and the Swiss, 90 points. A
good many of these quotations were
nominal, but of one thing there could
be no doubt-Europe was again selling
the dollar
OAAS "a SAAC iCPOA 10 W NtllCIl tIle
foreigners seemed to attach significance
was that Premier Bennett of Canada
would join President Roosevelt in a
plan to revalue gold in terms of the
dollar. The resolution introduced into
the Senate by Senator Bankhead,
calling for report on the possibilities
OF imitation. was another influence in
all the markets.
All the commodities advanced with
stocks. Rubber was the leader at new
highs, closely followed by sugar Wheat,
fractionally lower at the opening was
up 1A to ga cents in the afternoon.
with September selling above SO cents.
In the stock market favored issues
were the steels, the metal shares gen.
orally, stocks in which the short in
terest was over-extended, of which Al
lied Chemical was the best example;
the rubbers, which were urgently boughs
| in sympathy with the strength in the
| commodity; some of the rails, including
Union Pacific; to a moderate degree the
! motors, and at times the utilities, al
though they were not as active as the
rest of the list.
The stock market quieted down in
| the fourth hour. as the dollar rallied
abroad. Foreign currencies we're still
sharply up on the day, but they came
down from their high points and simul-
taneously the volume in the stock
market fell off.
Early in the day the gold stocks were
| favored, but they were neglected when
the main move got under way. Nc
Intyre Porcupine declared the regular
quarterly dividend of rs cents share
plus an extra of 1914 cents and a
bonus of 1919 cents, all payable in
American funds. McIntyer advanced
over point. Homestake moved up
or points about the same time.
Evening star., 1933-04-13
2 neriods in 1892 being:
Preston Notes Bank Anniversary.

Ord Preston, president of the Union
Trust Co, received many congratula-
lions Yesterday on his first anniversary
as head of the institution. He was
elected president April II, 1882, sue
ceeding the late Edward j. Stellwagen,
who served the bank in the same ca
pacity for over 80 years, as well as be-
ing the leading spirit in the organization
of the trust company.
Mr.. Preston is probably best known to
the Washington public as former
president of the Washington Gas Light
Co. He was head of the gas company
for many years and was one of the
leading stockholders. He made a vigor-
Gus fight against outside interests secur-
ing control of the company and re-
signed when the major part OF the
stock did 60 into the hands OF people
outside of Washington. Since then
control has returned to the Capital, fol-
lowing the firm action taken by the
Public Utilities Commission. All the
New York and Chicago men who
worked so hard to get control of the
gas company at that time, are now out
of the picture.
Mr.. Preston was member of the
Executive Committee of the Union
Trust Co. for long time before he was
made president He has served as a
director in the bank for more than 20
years. A public-spirited citizen, he has
rendered much valuable service to the
Church Orphanage Association, Visiting
Nurses Society, the Community Chest
and other similar organizations He
belongs to several local clubs and is a
graduate of Yale.
Evening star., 1933-04-13

and of the bank holiday in March this
year.
The Richmond district -or March
WAS in eighth place among the IL Re-
serve districts and compared unfavor-
ably with the national average decrease
of 27 per cent in the months sales.
Cumulative sales in the district in the
first three months of this year averaged
l24 per cent less than sales IN the nrst
nlarter of 1882 the district ranking in
la tie for fifth place and comparing
Ifavcrably with the national decline CT
Us per cent m cumulative sales since
january l.
The accompanying table shows indi-
Nidual percentages for cities in which
khree or more stores reported for March
This year; the percentage comparison OF
sales in periods named with correspond
l--s-
Evening star., 1933-04-13
B0NDHOLDERS APPROVE
RAIL ADJUSTMENT PLAN
BY the Associated Press.

By the Associated Press
NEW YORK, April 13.-Having re-
ceived consents from a sufficient pro-
portion of all classes of bondholders to
permit reorganization steps under the
new bankruptcy law, the st. Louis
San Francisco Railway Readjustment
Committee will meet next week for
final action on the previously an
nounced readjustment plan, E. N.
Brown, chairman of the committee,
announces.
Holders Of the bonds of the Kansas
City. Fort Scott & Memphis Railway,
a subsidiary, we're slow in turning in
their securities, but recently, said
Brown, deposits of these bonds had
put the total 'just over the line"
Evening star., 1933-04-13

Ti1I0fICHdi DIStfIOI NVfIIifIcHss
Nomination of a ticket to be named
as delegates to the American Institute
of Banking convention in Chicago in
June, will take place at the rooms Of
Washington Chapter, A. I. B., this
evening. About SO names will be
selected from which the Washington
delegation will be chosen at an election
to be held on April 81.
F. w. Woolworth Co. declared the
regular quarterly dividend of 60 cents
on the common stock, payable June
to stock of record April "a.
General Foods Corporation declared
d dividend of 40 cents on common stock
payable May Is to stock of record May
/. Previously the company paid 81
cents quarterly.
Evening star., 1933-04-13
EMPLOYMENT GAINS
NOTED IN BALTIMORE
March Survey Shows the Largest
Increase in Pay Rolls
Since May, 1929.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, April 13.-The great
est number of new industrial workers
given employment here for any single
month since May 1929, is announced
by the Industrial Bureau of the Bal
timpre Association of Commerce as the
result of March survey.
In the report seven new industries
and the expansion of three existing
concerns are noted, requiring new
labor of 1889 workers and plant in
vestment of 1851 900.
Resumption of activity in local brew
cries and allied lines accounts for a
large portion of the months new in
dustrial activity, it is pointed out.
About $50 brewery workers have been
given jobs during the month, it was
stated. A total of $50 were taken on
at bottle-cap manufacturing plant.
Evening star., 1933-04-13
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 13-Following is
today's summary of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated
Press:
Automobiles.
Nash Motors Co.-Racine plant of
company which produces lower priced
models is operating about two to three
Gays week, and body plant in Mil
waukee is running about the same;
Kenosha plant, where higher priced line
is made, Is running somewhat lower;
cars are being built only on order and
inventories are below the $1,000,0 900
mark; it is said that at present COM
pany could probably show a small profit
on volume of 1000 cars quarter.
Building, Real Estate and Related Lines
American Radiator & Standard SAM
tary Corporation constructing a new
plant in Switzerland to protect its busi-
ness in that country.
Electrical Equipment and Radio.
Continental Diamond Fibre Co. 1882
deficit S664,076 VS.. deficit $217,313.
Cutler-Hammer, Inc, shipments in
three months ended March 81 totaled
$685., ,480 VS.. S844, 1872 in 1882 period; in
coming business in quarter ended
March 81, 1888, was reported to be
slightly in excess of that of preceding
three months.
Food Products.
General Foods Corporation--Dolla
sales of company in first three months
of 1888 were lower but volume sales
were 6.6 per cent above like 1882 Pc
Rod; business in first week of April
equaled % per cent of volume in full
month year ago; frosted foods de-
partment is still being operated at a
loss, but it is believed that it is likely
to be reduced about one-third from
figure of last year.
Investment Trusts.
Electric Shareholdings Corporation
Directors deferred action on quarterly
dividend On preferred stock; last pay
inent on which was $3.50 a share on
March l; net asset value April 10
equaled $9229 a preferred share.
Miscellaneous.
Allied Mills, Inc. to build a S500,000
mill in Norfolk for the processing, stor-
ing and exporting of soy beans
Oil.
Standard Oil Co. of California presi-
dent says negotiations looking for
acquisition of assets Of Richfield Oil
Co. OF California are still pending.
Evening star., 1933-04-13
DIVIDENDS ANNOUNCED
NEW YORK, April 10 (P.-

NEW YORK, April 13 (P.-
Reduced
Pc Pay Hldrs OF
Company: Rate. riod. able. record
FidelityPhila Tr
Phila Pa).. $3.50 @ May Is APR. 20
Extra.
Am Dis Tel of NJ. s15 :. Apr. 90 Apr. Is
Initial
Canad Inv Fund. DC :. May 1 Apr. is
Regular.
Am FACTORS Ltd IOc M May 10 Apr 40
Evening star., 1933-04-13

to-day by the Fed
'eral Reserve Bank
of Richmond. The
showing in t h e
Capital was con-
siderably b e t t e r
than the average
for the entire fifth
district.
Department store
sales in the fifth
F. e d e r a | Reserve
district in March.
1888, averaged 20
per cent less than
S ales in March,
1892, a not un-
natural decrease in
view of the occur
renee of Easter in
March last, wear
Evening star., 1933-04-13


Trading was active on the Wash
angton Stock Exchange today, starting
off with 1000 sale in Washington Gas
SIS, 1858, at 8524. and $4,000 at 86.
Washington Gas IS, series B, came out
in small sale at l034 After call,
these IS appeared on the board again
in small lots, but selling at 1882
Washington Railway & Electric pre-
ferred stock came out at 81A and 49
shares Of Mergenthaler Linotype
changed hands at 23 an advance of
points over the last previous sales.
Potomac Electric Power per cent pre-
ferred moved in two very small sales
at 108
1t was announced from the rostrum
that the local exchange would be closed
tomorrow, Good Friday. This action
is similar to that of the New York
Stock Exchange.
The unlisted bends were called today,
at is was the last session of the week.
An asked price of l612 was placed on
Mayf1ower Hotel 6s and 80 is now being
asked for National Press Building first
512s. Both bid and asked prices are
fractionally higher on Washington
Suburban 5l5S
Evening star., 1933-04-13
U. S. TREASURY BALANCE.

BY the Associated Press
Treasury receipts for April II were
SIS, ,106, ,262.62; expenditures, S12,436,-
470.09; balance, S503, ,43706. Gus
toms duties for IL days of April were
$6,270, ,69689.
Evening star., 1933-04-13
CHICAGO DAIRY MARKET.

CHICAGO, April 13 (P.-Butter
8.371; easy; creamery specials (93
score), 20a201a; extras (92), 1917; extra
firsts (90-9D, 19A; firsts $3.50, 19;
standards go centralized car lots)
1912. Eggs, 35,l48; steady, price un-
changed.
Evening star., 1933-04-13
SILVER QUOTATIONS.

NEW YORK, April 13 (P.-Bar silver
firm, IS higher at 28H
Evening star., 1933-04-13
D. c. STORE SALES
DROP 26.4 PER CENT
Capital Makes Better Show.
hg Than Average for Fifth
District, However.
BY EDWARD c. STONE.

E Department store sales in Washington
an March were off 26.4 per cent frcm
the corresponding month year ago,
according to the monthly report made
Evening star., 1933-07-07
CREDIT DISCUSSED
At WHITE HOUSE
Roosevelt and Reserve Board
Reported in Harmony
on Policies.
By the Associated Press.

By the Associated Press.
Vital national problems arising out
of the Governments credit policies and
financial program were discussed by
President Roosevelt in two-hour COIL
ference yesterday with Eugene Black,
governor of the Federal Reserve Board
end Dean Acheson, Acting Secretary of
the Treasury.
I'VE have discussed credit policies
and financial matters said Gov Black
after the meeting. The President and
the board are in entire harmony with
Reserve system and the plans for the
immediate future"
Black said the open market opera
ttonS by the Federal Reserve Board
the first move made under the inf1a-
tionary programmed resulted in the
purchase of about S25 100000 in Gov
ernment bonds week for the last five
weeks.
He declined to say whether there
was to be any change in this policy
or any extension of It.
You will have to wait and see,' he
said
Mr. Roosevelt in refusing to enter a
temporary agreement for currency sta
bilizaticn at the London conference
emphasized that he wanted first to
get American price levels to a higher
point and to determine the true do
mestic purchasing power of the dollar
Whether further imitation moves ale
in prospect was not disclosed by the
fiscal chiefs after their White House
session.
Evening star., 1933-07-07
FARMERS WARNED !
AGAINST "EXPERTS''
Chester C. Davis Says None Need
Be Paid for Making Out
Contract Forms.

By the Associated Press
Warning was issued today to faTmi RS
against alleged experts who are ofUsri ing
20 draw up farmers contracts in the
acreage reduction campaign, W Ider
which farmers will be paid benefit; for
agreements to reduce acreage in 1884
Gnd 1885.
Chester c. Davis. director Of crop
production. said reports had eFme to
MIN from wheat State that / ndivid-
-7als posing as experts had of cred to
make out the papers for farmers
who intended to sign agreen1 ents for
10 per cent of the cash payu .ents the
farmers would receive.
mo wheat grower who j itends to
participate in the program I or ADJUST
;ng production and to receive compen-
sation payments for his cooperation
needs to pay anybody for ielping him
make out the necessary f Arms. state
ments and agreement" Daj rs said
All necessary forms will We presented
to the wheat growers W. authorized
agents of the Secretary OF Agriculture
In some instances the cquu ty extension
agents will represent tlde 8 ecretary in
other cases. special agents, will be en-
ployed and assistance vi be given
without any cost to the I'd rmer'
Evening star., 1933-07-07

should receive equal pay, regardless OF
sex"
Teachers should not be discrimi-
mated against because of marital
status"
There must be mitigation OF exces-
sive real estate taxation and a sharing
OF the burden by equitable taxes from
other sources. The solvency of the
schools Is dependent upon the applica
ton OF scientific principles of taxation y
Instruction-"complete and specific
on the effects OF alcohol and narcotics
Is urged. in another resolution.
The educators yesterday heard Harold
L. Ickes. Secretary of the Interior. warn
that economies that cut into the roots
OF universal education might prove a
mortal blow at the American system of
Evening star., 1933-07-07
chairman Of the FOREIGN Mission Board

chairman of the Foreign Mission Board
of the National Baptist Convention.
In an address before the final ses-
sion OF the two-day seminar at the
Metropolitan Baptist Church, DR.. Austin
said the African native is the standard
by which all Negroes are measured and
that until his status is more fully de-
termined by study OF his numerous
languages and psychology little hope
needs be held out for a solution Of
race problems in this country.
Other speakers included Dr. Mordecai
johnson, president Of Howard Univer-
sity; Dr. w. H. r. Powell, Philadelphia !;
DR.. w. H. Brooks; DR.. George E.
Haynes, New York: DR. S. H. James,
Baltimore, and DR.. Vernon Johns,
Lynchburg.
Evening star., 1933-07-07

government. He declared the repub-
lican form of government cannot be
maintained without a highly educated
electorate and made plea for broad
ening school facilities.
Officers Chosen.
Miss Jessie Gray of Philadelphia, a
class room teacher, was chosen preSi-
dent for the coming year over Miss
Anna Laura Force. principal of Lake
Junior High. Denver Colo. who had
support of the school official adherents
in the race, by vote of 853 to 1893.
She succeeds Joseph Roster of West
Virginia, who automatically becomes
first vice president. Henry Lester Smith
Of Indiana University was reelected
treasurer.
Evening star., 1933-07-07
CONDEMNS FAILURE
To PAY TEACHERS
N. K. A. Also Considers Reso-
Iltions Opposing Further
Salary SIashes.
BH the Associated Press.

By the Associated Press
CHICAGO, July 7-Resolutions con-
demning cities which have failed I'M
necessarily to pay their teachers" and
Urging ,chool boards to refrain from
further cuts in costs or salaries were
before teachers of the National Educa-
tion Association for approval today.
Declaring that school management
must 'oe non-political. one resolution
| condeynnS what it calls the growing
political interference in the appoint
ment of school officials and teachers"
Other Resolutions.
Other stands taken by the Resolu-
tioJlS Committee were:
Teachers of equivalent training and
experience doing the same kind of work
Evening star., 1933-07-07

presidents Of the association: A. H.
Harman. Montgomery. Ala; Henry j.
Gerling. st. Louis; F. F. Martin, Re
dondo Beach, Calf; Ernest w. Butter
field, New Haven, Conn; S. M. Stauffer,
Wilmington, Del; Selden M. Ely, Wash
ington, D. c.; o. C. Pratt, Spokane
Noah NJ Mason, Oglesby. Ill; Matte
S. Doremus, Paterson, N. j.; Henry w
Stillwell, Texarkana, Tex, and Caroline
S. Woodruff, Castleton, VT.
Evening star., 1933-07-07
LEGION WILL StPg NSOR
RADIO "JDB AUCTION"
Names of Jobless Veterans Will Be
Broadcast Over WfMAL July
12 and 10.

The American Legion will stage its
second annual lob ,juction" here in
broadcasts over Static il WMAL on the
nights of July u aEj 10, it was an
nounced today, Both. programs will be
reading off the les of unemployed
veterans ami their Qualifications
Persons needing IN en to do odd Jobs
will be requested to telephone the radio
station. the calls " ill be announced,
and the accepted len crossed of the
list.
Names of unempl ! we'd legionnaires will
be listed through communication with
fian MT Fg3Rs5 RiaIdi5r Mille7 at the 7ransp0rta-
Evening star., 1933-07-07
Cummings Ponders "a
Fate of 2ll Defiant
HOarders of Cold
BY the Associated Press.

BY the Associated Press.
Attorney General Cummings is
trying to figure out Whit to do
about the 211 gold hoariers who
answered come and let it" to
requeS, Is that they put the metal
in ba hks.
These 211 hold 81 ,207,057 Of
gold. Cummings will decide how
and when to proceed against
them, as soon as Jus tice Depart
ment agents finish checking the
list given to them by the
Treasury.
Last week the boarding
drivG brought deposits of $1,941,-
835.
Evening star., 1933-07-07
NEW TYPE MISSIONARY
URGED TO STUDY NEGRO
]. R. C. Austin Makes Plea Before
Seminar of Metropolitan
Baptist Church.

A plea that new type Of missionary
be sent to Africa to study the Negro
and assemble data for use in solving
the race problem in this country was
made last night by j. r. C. Austin,
colored leader Of Chicago and former
Evening star., 1933-07-07
Noted Mining Engineer Dies.

ALTA, Calf, July @.-F. w:
Bradley, 10. noted mining engineer and
president of Alaska Juneau and Bunker
Hill & Sullivan Mining Co., died yes
terday at his home here
Evening star., 1933-09-17
Money Is Sought
For Short Route
To Delaware Bay

TRENTON, N. j., September 16.-
i The deepening Of the New Jersey
Intra-coastal Canal and the con-
struction Of q cutoff to provide new
short route to Delaware Bay has been
proposed by the New jersey Board Of
Commerce and Navigation In an ap-
peal for aid from the Federal Public
Works fund.
The present channel Of the inland
water route from Manasquan Inlet to
ened to IL feet with bottom width Of
100 feet. From Great Egg Harbor a
new canal would be constructed across
lower New Jersey, to enter Delaware
Bay 54 miles below Delaware City, Del,
the entrance Of the Chesapeake and
Delaware Canal
The new shortcut canal would save
80 miles around Cape May and elimi-
nate the present rough outside passage
into Delaware Bay. The new canal
would leave Great Egg Harbor via the
Tuckahoe River into Cedar Swamp
Greek, cut across q low area into Den
mis- Greek and to its confluence with
Delaware Bay.
]. Spencer Smith, president OF the
Board of Commerce and Navigation,
estimates that the proposed channel
improvement and new canal combined
would cost not more than $4,000, 900.
with the closing Of the Delaware
and Raritan Canal across New Jersey"
he said. this proposed project is a vital
necessity to small boats using the inside
route from New England to Florida"
The improvement would leave only a
26-mile stretch from Sandy Hook to
Manasquan Inlet for outside passage
between the South and New York
Harbogs
Evening star., 1933-09-17
Motor Boat Races
Near Martinsburg
Are Well Filled
Sassnet of d. C.. Is Among
More Than 20 Who
Enter Meet.
FOUR OF FAIR SEX TO

TART1NsBURG. w. Va, Septem-
Nl Der 16.-Between 20 and rs
motor boat racers. including
Buddy Sassnet of Washington and Miss
Maryland Codd of Towson, Md. have
entered for the second Of series Of
regattas to be held on the Potomac
River near Bedington, this county,
tomorrow.
The announcement was made by
S. E. Bowers, chairman of committee
arranging the affair under the sponsor
ship of the Potomac Boating Club.
A nuber of the drivers will come
here directly from the Eastern outboard
championships which were held yes
terday in Philadelphia.
In addition to Sassnet and Miss Codd,
other we'll known drivers will include
E. ]. Shannon. Audubon, N. j.: Harper
Chance, Port Norris. N. j., and Charles
Cabot of New York. Other boats are
entered from Baltimore, Frederick,
Hagerstown, Philadelphia, Media and
Coatesville, Pa, and Richmond and
Suffolk, Va.
A demonstration of surf-riding will
be given by Harry Booth of Martinsburg
and Harvey Alvey Of Hagerstown.
Racing events will include class A,
class G and unlimited outboard races,
and . race for unlimited runabouts.
Each will be over a smile course.
Evening star., 1933-09-17

tender IN class A outbOard events.
Until this year, when Mrs. Burn
ham rung up 16 victories and 2
seconds in her 19 starts, Mrs
Baker generally has been regarded the
foremost woman driver. The sister of
Horace Dodge enjoyed her biggest year
In 1927, when she piloted Miss Syndi-
cate to victory in the Presidents Cup.
Maryland Codd has been driv-
ing in actual competition only
three years. but in that compare
lively short space of time she has
proven, one of the standOut class
A drivers in the East.
Her most recent triumph was scored
last week in the annual Richmond re-
gatta, which attracted many of the
best outboard drivers in this sector.
The Towson girl is the only member
OF this big four" Of feminine speed
boaters who specializes In outboards,
those galloping gadgets in which the
driver takes a real quota of bouncing
punishment.
The fourth member of the quartet,
Mrs. Rutherford, will act only as me-
cfanic but she is star pilot in her
own right As Maude Hughes she was
known as one of the best woman drivers
and boating enthusiasts in the country.
On one occasion she embarked alone in
a 16-foot boat, left New York and
travelled down the Atlantic Coast,
around the Gulf Of Mexico and up the
Mississippi River to Chicago, hazard
Gus journey in boat of such small
proportions.
TN six years of competition for the
Presidents Cup no boat has won 1t
twice Always a would-be repeater
has been jinxed.
The old order may changeth this