davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-03-21
BONDS DISPLAY.
IRREGULAR
TRENDS
BY MONROE ROBERTS

NEW YORK, March 81 G.N.SJ.
The bond market displayed fur
ther irregularity through the fore
part of today's session, with scat.
tered offerings influencing gen.
orally downward trend in the
more active issues.
u. S. Liens Easier
United States Governments con-
tinued easier, with Treasury 33ss
of 40 off 8-32 at 101; Treasury
3%s Of Al, down 1892 at 10000,
and Liberty 1st 4As off 432 at
1920. Other Federal issues were
generally steady.
Rail liens lacked support ex.
cept on concessions, although
such usually active obligations as
the Baltimore and Ohio, Missouri
Pacific, Southern Pacific, and
Southern railway groups were
taken at levels but slightly under
previous cloSingS.
Germans Higher
German governments made
moderate headway in the foreign
group, with the 51as up 7s at
53R and the Is up 3s at 74-b.
United Kingdom 51as gained 70
to 10424.
High grade utilities encoun.
tered renewed offerings, with
further losses sustained in Ameri.
can Telephone and Consolidated
Gas issues.
The Washington times., 1933-03-21
WORLDS SILVER
OUTPUT SCARS

NEW YORK, March 81 U.N.S0 i.
For the first time since December,
1881, world silver production in
January showed an increase over
the like month Of the previous
year. Gold output also was higher
than a year ago, although due to
seasonal influences the total was
under December.
Silver output aggregated 1874
600 fine ounces, according to
American Bureau of Metal Statis-
tics, compared with a record low
of $8,28O,O ounces in December,
1882, and 11,571,00O a year ago.
The increase was due to sharp
squirt in Mexican production.
In January, gold output totaled
1894, 900 ounces compared with
2,O50,0OO in December, and 1,903,-
900 a year ago. United States
was the third largest producer
with 100000 ounces against 1885,
900 in December and 174,OOO q
year ago. South Africa produced
967 900 ounces, and Canada 245,-
900.
The Washington times., 1933-03-21
MARKET SPREE
OVER, STOCKS
ARE NORMAL
Bv WALL STREET SPECTATOR

By WALL STREET SPECTATOR
NEW YORK, March 81 GN.S0.
The stock market went back to
normal yesterday, which these
days means a sloppy and incon-
elusive performance.
Wall Street is much more sub
dued after last weeks spree ana
is beginning to look at things in
a critical light. From a longer
term point of view, this is a good
thing, for it will prevent un-
warranted speculative excesses.
The old theory was that a good
bond market was the prerequisite
to an improvement in stocks.
There is no reason why this
shouldn't be restored, for the
Government is going back to
fundamentals in such things as
economy and balancing the
budget. 1t may be hard on the
boys who play around in stocks
and can't seem to do anything
else, but what the country really
needs now is higher bond and
commodity prices. If this develops
in the next few months, the way
will be paved for stocks in the
summer or fall.
The Washington times., 1933-03-21
IN BANKS
SEEN SMALL

NEW YORK, March 81 G.N.S.)
At least $4,000, 100000 or SO
per cent Of the money on deposit
in the nations banks has again
become available after having
been tied up in the banking holi.
day, the American Banker re-
ported today.
Of the $4,000, 100000 still tied
up in banks, reorganizations and
recapitaliZations will release a
major proportion within a COM
paratively short time, and, the
magazine added:
"LOsses in liquidation may be
less than S1,OOO,OOO, 900, or less
than 219 per cent of the banked
funds of the country"
The Washington times., 1933-03-21
AIR LINES UNION
IS COMPLETE

The Ludington Lines merger
with Eastern Air Transport has
been completed, revised Sched-
ule for operations between Wash
ington and New York is an
nounced today. The two services
now are operated as unified
system under the Eastern Air
name.
The new schedule takes off
three Ludington planes leaving
washington at 8 a. m. and and
5 p. m. and makes departures of
Eastern Air planes coming in
from Miami and Atlanta at those
hours instead of sos, 3:55 and
1855.
The Ludington planes, however,
will be held in reserve to carry
overflow passengers when needed.
The old Ludington departures at
8 and II a. m. and / and 3
p. m. will be continued.
The Washington times., 1933-03-21
CORN FEATURES
. GRAIN TRADE

CHICAGO, March 81 G.N.Sl.
Decided strength il corn futures
featured forenoon dealings in
grains OF the Board of Trade here,
in the absence of offerings.
Farmers who a short time ago
were willing to release holdings
have changed their attitude, de-
spite higher prices now offered,
and arrivals have fallen off ap-
preciably. The country appar
emily believes better prices are i'm
minent because of farm relief
legislation and is willing to wait.
Opening prices for grains were
steady to q shade easier, with May
wheat down 3sc to 51Ac, the
lowest level since the market re-
opened after the holiday. Near
noon the entire list firmed, led by
corn.
Near noon wheat was un-
changed to bc higher, corn 3sc to
1ac up, oats 1sc to Ac advanced,
and rye 1sc to 1ac higher. Liver
pool wheat was 3sd to Ad, Winni-
peg bc to 14c off.
While volume in the wheat
market was fairly large buying
power has been lessened by selling
believed for the Sterilization Cor
poration. So far the market has
absorbed this remarkably well,
and the extent Of operations has
been large enough to create be-
lief this liquidation will soon be
over.
Estimated car lot receipts were:
Wheat, it; corn, 48, and oats, 35.
The Washington times., 1933-03-21
RETURNS
To STREET"

NEW YORK, March 81 GN.S0 .
Benjamin Block is coming back
to Wall Street after three
months of retirement and will
form new firm of Benjamin
Block & Co.
The new partnership will in
clude Block, Joseph r. Blake,
floor member; Lee Ullman, and
Denry De Sola MendeS. Offices
of the new firm will be main
tanned, for the time being, with
Peter j. Maloney & Co. at so
Broadway.
Prior to his retirement, Block
had been in Wall Street for
more than 20 years and num-
bered among his customers some
of the biggest operators, includ-
ing Jesse Livermore and Will
liam c. Durant.
In addition Block operated on
his own account and is credited
with big killings in the stock
and wheat markets,
The Washington times., 1933-03-21
BUSH TERMINAL
BOARD FILLED

NEW YORK, March 81 G.N.S0 .
Bush Terminal Co. elected four
new directors yesterday to fill
vacancies caused by designations
following recapture of control of
the company by Irving T. Bush.
They will serve until April 3
when stockholders will elect a
permanent board.
They are H. c. Blackiston,
American director Of Furness
Witty & Co., F. V. Sullivan, pres
ident of Philadelphia Terminal
Warehouse Co.; Richard j.
Reese, lawyer, and slater C.
BlackSton, vice president in
charge of sales, who was named
to act as chief executive during
absence of the president,
The Washington times., 1933-03-21
SWEEPING GAIN
IS SCORED BY
DOLLAR

NEW YORK, March 21 GN.S0
The constructive developments in
Washington brought another
sweeping rise in the dollar against
the major foreign currencies to.
day.
Every major European currency
was marked down against the
dollar in the local foreign ex-
change market and losses ranged
from l to 9 points.
Sterling Leads Decline
British sterling led the decline
with a loss of IA cents at $3.42.
Francs dropped 1A points to
S.92h and were only az points
above the years low of 800 set
on January 20.
Belgas lost 5 points at 1895
cents, Swiss francs were off 412
points at 1928, and the guilder
lost 9R points at 40.30 cents.
The German mark was quoted
at 23.79 cents, off points.
Scandinavian exchanges re-
acted from IL to 16 points and
the Canadian dollar lost u cent
at 831a cents. japanese yen
sold down 9 points to 21.35
cents.
Gold Stocks Increased
Gold transactions at the Fed
eral Reserve Bank resulted in a
net gain Of $1,296,900 to this
country yesterday.
A total Of $646, 900 was received
from Indian and $650,000 was
gained through release from ear
mark.
The Washington times., 1933-03-21
liverpool Demand
Is Steddu for SPOT

LIVERPOOL, March 81 U.N.S0. l..
Spot cotton was quiet and steady
at the opening today. Receipts
totaled 1000 bales, including 5000
American bales.
At midday middling fair was
quoted at 6.35d; strictly good
middling 5.90d; good middling
5.60d; strictly middling 5.30d:
middling 5.15d; strictly low mid
ding 5.O0d; low middling 5.0Od;
low middling 5.85d; strictly good
ordinary 4.65d; and good ordi.
nary 4.35d.
Futures opened quiet and
steady with May at 1860: July
4.98d; october 5.O2d; and jan
uary SOLD.
The Washington times., 1933-03-21
Accidents to PennSy
En1nLOueS Decrease

For the sixth consecutive year,
accidents to employees of the Penn
eylvania railroad have decreased,
President w. w. Atterbury an
nounced yesterday.
The 1882 record was "A acci-
dents per million man hours. The
New York zone had the lowest
casualty record, 3.6 per million
man hours,
The Washington times., 1933-03-21
Cement Firm Tits
Prices and WnOeS

Effective March 25, Interna-
tional Cement Corporation has
increased the price of it's product
from it's four mills located in
Pennsylvania, New York, Indiana
and Kansas by 10 cents a barrel.
The company also has in
creased the compensation of
hourly and weekly wage earners
at these mills by 10 per cent.
The Washington times., 1933-03-21
WHITE MOTORS LOSS

Preliminary statement of White
Motor Company and subsidiaries
for 1882 shows net loss of
$3,618,0O0 after taxes, deprecia-
tion. interest, etc., but exclusive
of loss on liquidation of White
Securities Corporation Stockl
aounting to $153,O0O which was
charged against surplus,
The Washington times., 1933-03-21
Dairy Products Net
S1.88 Share In 1882

National Dairy Products Cor
poration, subsidiaries, of which
are operating in the Washington
area, reports net profit for the
year ended December 81, 1892, of
$12.537, $50, equal after deducting
$749,682 for the paresent COM
pany'S preferred stock, to $1.88
share on 6,263,155 shares of COM
mon stock outstanding.
This compares with net income
of $22,265 ,498 in 1881, equals
after provision for preferred divi-
dendS and foreign exchange losses
to $3.43 a share on common.
The Washington times., 1933-03-21
HOUd0iLLe-Hershey
Net Loss S59O.523

The Houdaille- Hershey Corpora
tion and subsidiaries report for
the year ended December 81, 1892,
a net loss of $590,523, after
charges, depreciation, etc., and
after provision of 100000 for
further plant consolidation.
In 1881 net profit was $226,232,
equal after subsidiary dividends
to So cents a share on the cor
poration's Class A stock.
The Washington times., 1933-03-21
TEXTILE OUTPUT OFF

Reports from silk-manufactur-
ing centers continue to reveal de-
clining operations, reports Dun
& Bradstreet. All indications
point to rather slow business in
the next few weeks in this di-
vision.
The Washington times., 1933-03-21
PennrO0d Changes
Stock to Par of 81

Pennroad Corporation, organized
in 1929 to invest in railway and
other transportation companies,
but without power to operate, has
changed stock without par value
to nominal par of 81.
The action reduces the capital
represented by the outstanding
stock from $9O,9OO,OOO ($1O per
Share) to $9,09O,00O ($1 per
Share).
The Washington times., 1933-03-21
TIMES

BUSINESS OFFICE. 1917 H ST. N. ".
RATES DELIVERED BY CARRIER In
WASHINGTON AND ALEXANDRIA
The Washington Times daily IL de.
Iivered by carrier at 10 cents per week !:
daily Times and Sunday Herald, Is cents
per week: daily Times and Herald daily,
20 cents per week: daily Times and Her.
aid. daily and Sunday. 25 cents per week.
The Washington Herald. daily ana
Sunday. is delivered by carrier at 10
cents per week: daily only. 10 cents per
week. and Sunday only. 10 cents per week
Orders can be sent by mail or tele.
phone District $3.50. Collection 10 made
weekly by carrier.
RATES BY MAIL
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04

will have little sympathy with Green's apparent idea
that the LABOR portfolio In the cabinet is the prop
erty OF the labor unions. Numerically the federation
represents only small portion of the nations
workers
The masses, for whom the government must
speak, viii welcome this appointment. 1t signals
change from the Anticipated ideals and methods of
the last two secretaries, Mr.. Davis and Mr. Doak
Miss Perkins selection, perhaps more than any other
of the Roosevelt appointments, promises a new deal
for Americas forgotten men and women.
Miss Perkins life has been a record of courageous
devotion to the aims of organized labor. She has
fought for workmen's compensation safety laws
sweatshop abatement decent conditions for New
York's working families
Her reconstruction plans include the thirty hour
week; unemployment Insurance. prohibition Of child
labor; old-age pensions; a better system of employ
ment changes minimum wages; job relief stabiliza-
ton of industry and other fundamentals of labor's
program.
highly intelligent, seasoned, and tsctfu
former, Miss Perkins should play important role
in rebuilding our damaged republic.
Union labor should unite with American liberals
in praising Presiden-Elect Roosevelt for choosing
Miss Perkins And it should strive to work with her
to achieve their common goal of labor betterment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04

/ always am moved by the curl
Gus quality in that voice which
is half Fulton street modified by
just a touch of operate tenor. He
alone among public men can dis
cuSs bond issues, budgets, and ap-
preparations and make them seem
to me dramatic. 1t is a little as
if somebody took one of Walter
Lippmann's best performances
and put it into words Of one syl-
able.
No, it is little more than that.
Smith takes an abstruse economic
problem and turns it into three
act melodrama. Imitation becomes
a city slicker in a high silk hat
who at heart does not mean right
by our Nell
In years gone by, some of AIS
virtues were used against him.
Everybody admitted that he was
one of the greatest American ex-
perts on the problems of state
government, but this was followed
up with the assertion that a man
who had devoted himself so sedu-
lousy to local questions could not
have the faintest knowledge Of the
complications of foreign affairs.
And it probably was true that
in 1923 Alfred E. Smith was less
than whirlwind in the matter
Of many European intricacies.
But people sometimes overlook
the mans capacity not only to
grasp subject, but to make it
plain to everybody else. Smith can
boil down the knottiest problem to
its essentials and then put it out
in that same form. so that it be-
comes comprehensive.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04
THE ACKNOWLEDGEMENT

The Presidents delay in naming his permanent
attorney-general is interpreted in Washington as
meaning that he wants time to find man of the
caliber of Senator Walsh. That will be difficult.
But it is encouraging that the President has not
done the easy thing, under the pressure of many
duties, of appointing one of half dozen political
hacks striving for the job.
The President probably will not be able to replace
Senator Walsh as a general cabinet adviser of
long, experienced craftsmanship. But there are
younger men whose exceptional ability, either as
great lawyers or as public servants. is undoubted
Some of them we'll known to Mr.. Roosevelt
1t is reported, for instance that he is consider
ing for the post such as Felix Frankfurter of
Harvard law school, former Governor Philip La
Toilette Of Wisconsin; Huston Thompson former
member of the federal trade commission and pres
ent government counsel in the important New river
utility case and Donald Richberg of Chicago.
Homer S. Cummings of Connecticut is certain to
serve the President acceptably pending a perma-
nent appointment
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04
ONE BANKERS WISDOM

Banker Mariner S Eccles of Utah has a $50
100000 stake in capitalism as head of the First
Security Corporation, yet he boldly declares for
More equitable distribution of wealth through
unifcation of the banking system under the fed
eral reserve and high income and inheritance taxes
national anti-chid labor, minimum wage, unem-
ployment and old age pension laws; a national
planning board to coordinate public and private
activities in the economic world; rigid govern
mental control Of all financial issues private and
foreign strict regulation of transportation and
communication; a direct grant of $5OOOO0 900 to
states for unemployment relief; increasing govern
ment funds for public works to $4,000 OO0 900; re-
financing farm mortgages at lower interest rates
and over longer periods; the domestic allotment
plan or some similar farm relief measure; perma-
nent settlement of debts, with cancellation
preferable"
Such measures may frghten those of our peo-
pie who possess wealth." says this banker How
ever, they should feel treasured 1t is to save the
rich, not to soak them"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04
Phone-RIley 1851
SATURDAY. MARCH 4. 1893.
PRESIDENT ROOSEVELT

President Roosevelt holds the hope of the nation
and of the world For months the people have
waited Abroad there is almost as much discussion
Of his policies at home, for it is world depres-
sion in which the acts of the United States gov
eminent will have repercusslons in all countries.
Here, millions of unemployed industrial workers
an entire farm population. the merchants, manu-
facturers bankers and public generally sucked down
by the depression, look to the new President.
No longer is the cry heard that government
should keep its hands off and allow rugged in
dvidualism to find way. Three years of that has
led us deeper in the hole. Now the plea is for
government action
In unique sense, the President has the sup
port of the country Not only did the millions who
voted for him last November but the millions vino
did not, are anxious to follow him now Partisan
bitterness is forgotten in the common adversely
The most ignorant citizen realizes that he must
trust the President. Only the President has the
position of leadership, the power.
Perhaps no man ever has had such power in this
country before We mean not only his great legal
authority, or the extraordinary powers which con-
gress is ready to grant him during the emergency
Greater than that is the moral support of ma
ton ready to accept virtually any plan he DEGREES
as the best way out With such backing, there is
A"iuly any AHnC 10 What the president can do.
That Mr.. Roosevelt is sobered by this RESPONSE
bilty and heartened by this support is clear He
appears confident and fearless leader willing to
listen to advice but determined to act without much
delay
Speed is essential 1t is required because in three
months of lame duck paralysis we have lost the
offensive in the against the depression Speed
Is imperative also because the almost unanimous
public support of the President can not be main
tal1ed without action.
1oday is the high point of his power He can
40 much In March, but less in May. Hope can not
be TOO long deferred without breaking
lhe President has plan of action. It's effec-
tWehess viii be determined in large part by the
speed with which it is put to work
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04
Just Plain Sense
BY MRS. WALTER FERGUSON

A BOVE the uproar and the clamor there arises
occasionally voice-lke that of one crying in
the wilderness-whch carries a message of hope
Such comes today from one of the wise men of this
generation, John Cowper Powys
In his volume, "a Philosophy of Solitude"
Mr.. Powys breaches return to the old SATELLITES
And surely nation race, no people ever needed
to give heed to such words as twentieth century
Americans.
For we have clustered and scurried and strutted;
flown above the clouds in our airplanes We have
invented and constructed and accumulated; we have
gathered lands and houses and gold.
And from all these endeavors there has come for
the individual American-nothng. Out of the vast
pile of our wealth issues starvation The hustle the
achievements have brought emptiness Our fortunes
are as dust and our riches have disappeared like
ashes before the wind
All our monuments to materialsm rear their
might heads and at their feet our people cry for
food and raiment and shelter.
T ABORING, we have learned bitterness of heart
~ Our efforts have produced sorrow and our
Strivings have ended in pain.
And so We learn again what the prophets of old
knew well-that all these things ere vanity and
a vexation of spirit.
1t may be, therefore that we are .eady to listen
to the few quiet people who, after much thinking
tell us that only by acquiring philosophy that will
enable the individual to endure life is life ever toll
cradle to man.
One does not acquire PHILOSOPHERS however
mild, in crowded places, in speeding automobiles, or
upon congested payements. One finds such wisdom
by sitting down with oneself and cultivating calm
Of soul.
And in seeking that peace which solitude, con-
temptation and stiffness confer we perhaps again
shall find the God who has been lost to US the God
of the forest and the fields who breathes in the
morning upon the treetops and walks in the garden
in the cool of the day. a.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-04

TT seems probable that Alfred E.
- Smith never will be President
of the United States, but his name.
is almost sure to go down in
American history among that very
distinguished group of men emf
nently fitted for the post, but who
lost out because of irrelevant fac
tors over which they had no con-
troll.
And even so think the case of
Smith is a little different. He
was opposed bitterly in 1923 be-
cause he was four years ahead Of
his time on the prohibition issue
and because of his religion.
Yet there is something even
more fundamental in the fear
which politicians feel in regard to
the availability of Al. His down
right frankness terrifies many
delegates and always will.
often have been charged with
being excessively sentimental
about the former Governor of the
state of New York, and there may
be something in that accusation.
I did weep literally at Chicago
when he stood on the platform as
an enviable loser and just as GER
tainly the idol of the crowd.
Il seemed to me a tragic thing
that these cheers should be
doomed to burst and break upon
the rocky front of instructed dele
gates and alternates.