davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-06-09
The Stabilization
 Of Currencies First
 Objective Says Hull
Reduction of Tariff Barriers Is Another Declared Our Secretary of State in London Fl No War Debt Talk Despite Plea of Reporters

he said.
 After the interview Hull attend ed a private luncheon where he met Prime Minister Ramsay Mac Donald. He hoped to confer later with the premier and with states men of other conference delega- tions.
 The British Journalists made re- peated efforts to obtain some hint of the American attitude toward reduction of war debts, but Hull insisted the subject was outside the scopes of the economic conference.
 Much interest was displayed in reports that while his boat was in Queenstown, Ireland, Hull re- ferred to the Irish Free States as the Irish republic" Hull said that such reports represented an effort to divert attention from the eco- homie conference.
The Waterbury Democrat., 1933-06-09
Connecticut Securities Quotations Furnished by The R. r. tsrtRgs Co.

PUBLIC UTILITY STOCKS
 Bid Asked Bridgeport Gas It Co. 40 4S Bridgep't Hydraulic Co 26 70 Conn Elcc Service ... Al A Conn Gas & Coke com. 1f1a f3M Conn Gas & Coke pfd 48 Conn It & Pow 5% %
 pfu So Conn It & Pow 6H%
 pfd f05 Conn. Power Co .... Al 43 Conn Ky & Ltg Co com 53 Conn Ky & Ltg Co pfd 53 Hid Gas It Co com 42 Illuminating Shares A 44H 461a New Haven Water Co 59 6: South N. F. Tel Co 105 109
The Waterbury Democrat., 1933-06-09
Golf Leader
 Keeps It Up

(Continued from Page l.)
The Waterbury Democrat., 1933-06-09
Present Session
 of Congress

(Continued from Page 1.D
The Waterbury Democrat., 1933-06-09

Unless otherwise state quotations are based on sales of good mer- chantable prOducts to retailers by wholesalers or nearby grOwers.)
The Washington times., 1933-10-14
PRICES ON CURB
REGAIN PART
Of LOSSES

NEW YORK, Oct. IA dN.s0.
The curb market ran into renewed
liquidation in today's abbreviated
session, but a letup Of pressure
near the close permitted an irrgu-
lar retracement from the low
points Of the day.
Final quotations we're generally
lower.
Metals Under Pressure
Mining shares were again per
sistently pressed for sale with
losses running up to more than
Q point in Newmont Mining, Pho
=. neer, Hudson Bay and Wright
. Hargreaves.
:, Utility shares were steadier than
: other groups, although leaders
such as American Gas and Elec-
trio and Consolidated Gas of Bal
: timore, dipped slightly.
- Weakness continued in numer-
= Gus Specialties. Oils were easier.
= Trusts Rule Steady
: Investment trusts maintained a
steady tone.
y. Cities Service common held
:. around its previous close, ruling
approximately unchanged at the
finish.
An easier tone was prevalent in
the bond division.
The Washington times., 1933-10-14
None Sure What Mart
Will Do, Says Haney
dentally Specialization of debt"

dentally a Specialization Of debt"
Classed As Experiments
This side is seen in a large part
Of the NRA plan, and in deprecia.
ton Of the currency to boost the
general price levels to the 1926
range. These are the "experi.
mentS."
On the other hand the Admins
tratiOn is trying to stimulate bust
ness in the present and to pro-
duce an immediate recovery. This
aim it finds to be in conflict with
the other.
Such uncertainties as exist over
the currency and in such malad-
Justments as strikes and higher
costs under NRA are hindering
business recovery this fall.
Turning to Expedients
So Washington is falling back
on practical expedients and soft
pedaling experimental reforms. It
IS restoring to bank credit expan-
sion and even considering some
liquidation of frozen credits.
1t is allowing us to toy with the
idea Of a stabilized dollar, even
going so far as to announce o sort
Of Government bond conversion,
the chief significance Of which is
the implication that the currency
not be inflated for several months.
Can it succeed in the attempt
to revolutionize business and at
the same time keep business good?
Can it reconcile, temporarily at
least, its interference in business
with business profits.
This is what the stock market
wants to know. Some day-per.
haps by November-it will give
us the answer.
The Washington times., 1933-10-14
BANKS
SHOW GAINS

NEW YORK, Oct. IA G.N.SO.
The downward trend in savings
accounts has been completely re-
versed as result Of the spread
Of employment, Henry r. Kinsey,
president of Savings Bank Asso-
citation Of New York State, de-
clared today.
In September. $4,000 new &C.
counts were opened in this State,
more than offsetting declines in
July and August, the number of
accounts increasing 1000 in the
third quarter of the year, COM
pared with a drop of 41,00O in
the three months ended June 80.
The total Of deposits on Octo-
ber /, however, was $5,O79, ,153 900,
a decrease of $51,235,0 900 from
July /. This compared with a
decline of $S90OO,0oO in the Sec
ond quarter.
The Washington times., 1933-10-14
s CLIMB
IS CHECKED

NEW YORK, Oct. IA GNsJ.
The upward movement of the dol
lar was checked today with the
rate at 69.2 cents gold against
69.3 cents at yesterdays close.
While the British pound sterling
rebounded 3A cents to $4.57A,
the European gold currencies
showed a mixed trend.
French francs rallied one-half
point to 5.671a cents. Belgian
belgaS, though, declined another
8 to 20.17, and Dutch guilderS q,
to 58.43. Swiss francs advanced
10 to 28.10.
The restricted gold exchanges
were slightly improved with Ger
man marks up 3 points to 1853
cents, and italian lire up 3 to 7.65,
while Spanish pesetas sold down 3
to 1915.
Scandinavian exchanges jumped
from II to 10 points in sympathy
with the pound, and the Canadian
dollar gained onequarter cent to
97h cents.
The Washington times., 1933-10-14
Circulation Rises
S21,OOO,OOO in Week

A further seasonal rise of $21.-
100000 in the volume of money in
circulation took place in the week
ended on Wednesday, the report
of the Federal Reserve System
shows today. There were no un-
usual changes.
Purchases of United States Gov
ernment securities were continued
at the rate of $35, 100000 a week;
member bank borrowings were re-
duced $3,677 900; member b a n k
reserve balances went up to $44,-
100000; gold holdings of the Re-
serve System declined the rela-
lively small amount of $1,570,0O0
and the reserve ratio Of the sys-
tenn dropped 2 points to 65.7 per
cent.
The Washington times., 1933-10-14
SEASONS LOWS
SET BY WHEAT
IN CHICAGO

CHICAGO, Oct, IA GN.S).
New seasons lows for the de-
ferred wheat futures and all de-
liveries Of corn and oats were
established on the Board of Trade
in early dealings on continued
liquidation by tired holders.
Much Forced Selling
December wheat tumbled nearly
SC to 74c, the lowest level since
May 26.
Forced selling due to impaired
margin accounts assumed heavy
proportions and the market gave
ground swiftly. Demand was
limited and feeble rallies only
slowed the downward trend.
Near mid-season wheat was sac
to sac lower, corn 112c to 17sc
off, oats 13sc to &c down, and rye
23sc to 21ac lower.
Liverpool Lower
Liverpool wheat closed 1Ad to
1%d lower and Winnipeg was
134c to 17sc off early.
Estimated carr lot receipts were:
Wheat, 13; corn, 1872, and oats, IA.
The Washington times., 1933-10-14
GERMAN SLUMP
SHAKES BOND
MARKET

NEW YORK, Oct. IA G.N.S0.
A wide open break in German
loans on the decision of the Reich
to bolt the League Of Nations and
the disarmament conference fea-
tured a generally unsettled bond
market today.
German Government 51as tum-
bled AZ points to 40 and the Is
showed a loss of 2A points at
6614. Other foreign government
obligations also turned weak.
U. s. List Turns Up
y. s. Government issues pointed
higher as increased investment
demand came into the group on
indications that the Administra-
tion was adhering to a conserva-
tive monetary system. Treasury
33ss of Al stood out with a gain
Of 6-32 to 101.30.
Rail bonds turned reactionary,
following their spirited recovery
Of yesterday. To yield part Of
their gains was the Illinois Gen.
tral 434s which dipped 2 points
to 50.
Domestic Lines Quiet
There was not much doing in
the domestic corporation division,
although a downtrend was
prevalent in the run Of second
grade liens.
Some irregularity cropped out
in the investment issues, Consoli-
dated Gas 51as gained u to los,
but the 412s showed a loss Of
" at 95R.
The Washington times., 1933-10-14
BANKS SEE DROP!
IN CLEAR|NGS

Bank clearings for the past six
days in 81 leading cities totaled
$4,156,721, 900, according to Dun
& BradStreet, Inc. This compares
with $685., $500 in the CORE
spending week last year, which
consisted of only five business
days.
At New York City, clearings for
the last six days amounted to
$2,818,918,000, compared with $2,.
167,207, 900 in the similar week
last year.
For the six business days ended
October II, bank clearings were
23.9 per cent larger than for the
five business days of the similar
week last year.
New York City, by the same
comparison, showed a gain Of
30.1 per cent, while the aggregate
for cities outside of New York was
1877 per cent higher than for the
same week last year.
ClearingS last week were $685.
800, 900 less than the $4,792, ,901, 100
the preceding week. At New York
City clearings dropped $442,632-
600 below the previous week.
The Washington times., 1933-10-14
WOOL FUTURES
TURN DOWN

NEW YORK, Oct. IA d.Ns).
Wool top futures declined sharply
during the past week although
the market did recover a small
part of its losses the last day
or so.
At the close on Friday prices
showed a net decline for the week
of IS to SO points. Trading, while
still quiet, was in somewhat bet
ter volume than in recent previ-
GUS weeks.
The Boston spot price Of the
exchange standard top declined
l cent, from lilo to 100. Busi-
ness in that market was exceed
ingly dull.
Prices at Antwerp were un-
changed to up half a penny from
the close of the previous week
while at Roubaix they were up 80
to 80 centimes. Bradford spot
quotations were unchanged to I'D
a quarter of a penny.
The Washington times., 1933-10-14
Business Moderate
In LiUerDOOL Spots

LIVERPOOL, Oct. IA Q.N.S0.
Moderate business was done in
spot cotton at the opening today,
with prices barely steady. Re-
ceipts totaled 1000 bales, none
American.
At noon middling fair was
quoted at 6.62d, strict good mid
ding 6.17d, good middling 5.87d,
strict middling 5.62d, middling
SAID, strict low middling 5.30d,
low middling SOLD, strict good
ordinary 4.87d, and good ordinary
4.57d.
Futures opened steady with
October at 5.25d, January said,
March said, and May 5.35d.
Futures closed steady with
October at 5.26d, January 5.28d,
March 5.32d, and May 5.36d.
The Washington times., 1933-10-14
BALES
USED IN MONTH

The Census Bureau today issued
the following report showing the
number of bales Of cotton con-
sumed, on hand, imported and ex-
ported, and active cotton spindles
in September, 1888 and 1882, re-
spectively:
Exclusive Of Linters
Consumed during September,
total 499, ,486 and 492,742 bales.
In cotton-growing States, 401.-
373 and 409,O11 bales.
Held in consuming establish
ments, September 80, 1,160,4 ,457
and 1,084,549 bales.
Held in public storage and at
congresses, 7,374,556 and 1897
797 bales.
Imported, 7,4ss and 6,s55 bales;
exported, 869,244 and 733,665
bales.
Linters and SpindIes
Consumed during September,
76,451 and IS, ,487 bales.
Held in consuming establish
ments, 26O,807 and 278,873 bales.
Held in public storage and at
congresses, 27,941 and 1891
bales.
Exported, s,e92 and 1876
bales.
Spindles active during Septem-
ber, 26,0O2,148 and 23,835, ,106.
The Washington times., 1933-10-14
MONEY MARKETS

NEW YORK. Oct. IL H.Ns)-Call
money was held over today at Y Of 1
per cent on the big board and N per
cent on the curb.
Commercial paper was unchanged at
IA OH per cent for prime names.
Time money was unchanged at y
per cent for 80 days Ion per cent for
60 days, and y On per cent for longer
maturities.
The bankers acceptances market was
quiet with asking rates unchanged at
Il per cent Up to 80 days. u per cent for
12O days, and y per cent for 15e and $50
daYa
The Washington times., 1933-10-14
HEDGE SELLING.
DEPRESSES
COTTON

NEW YORK, Oct. IA dNS9.i
A resumption Of hedge selling and
liquidation depressed cotton fu-
lures about 81 a bale in today's
short session.
New Orleans, the South and
local traders sold while most Of
the demand came for the trade.
particularly the Continental trade,
and from brokers acting for Far
Eastern interests. Hedge offer
ings were in moderate volume.
Reports from Worth Steet indi-
Gated steady prices in generally
quiet trading with resale offer
ingS in lighter volume than in
previous sessions. The weather
was favorable except for scattered
showers in Texas and Oklahoma.
Total domestic consumption for
the two months ended September
80 amounted to 1,088,056 bales,
against 897 ,239 in the like period
of the 1928 season.
Prices near the close were IS
to 18 points lower with October
off 16 at 8.92, December off 18
at 800. March off II at 9.25, and
MAY off 13 at GAL.
The Washington times., 1933-10-14
Columbia Building
Officers Reelected

Officers and directors Of the
Columbia Building Association
were reelected at the annual
meeting yesterday. j. B. Harrell,
the president, reported a healthy
increase in total assets and that, a
substantial sum was added to the
surplus.
H. B. Denham was reelected
vice president, c. A. White treas
urer, and c. E. Kefauver, secre-
tary.
The above officers and F. J..
Auth, j. William Weber, A. O.
Denham, C. Gay Harrell, and c..
Krogmann were reelected to the
board of directors.
The Washington times., 1933-10-14
COttOnSeed Figures
RepOrted bH Census

The Bureau Of Census cotton
seed report for the period August
/, to September 80, follows: Cot
tonseed, received at mills, 1,124,-
OO5 tons; crushed, 755,813 tons.
Products manufactured: Crude
oil 230, ,332,144 pounds, refined
135, ,6S2, ,901 pounds, cake and meal
1894 tons, hulls 209, 1922 tons,
linters, running bales 128,326
stocks. September 30: Cat n1ills)
$50, 130 tons, crude oil 1850, ,165
pounds.
Refined oil 622,798,885 pounds,
cake and meal 258,257, lnters,
running bales 114,111.
The Washington times., 1933-10-14
Reserve Maintains
Open Market POLICY

Continuance Of the open mar
ket policy Of the Federal Reserve
System to maintain excess re-
serves at or above their present
level was the principal recommen-
dation left with the Federal Re-
serve Board by the IL reserve
bank governors who met here the
past three days.
In executing the policy decided
upon, the system will buy Gov
ernment obligations from week to
week as credit conditions justify.
The governors discussed numer-
Gus other subjects but did not
make other important policy
recommendations.
The Washington times., 1933-10-14
KnUdSen Promoted
BY General Motors

William s. KnudSen, has been
appointed executive vice president
Of General Motors Corp, effective
October 16, and will be the chief
executive officer Of the corpora
tion in Detroit. He will assume
general supervision over all car
and body manufacturing opera
tions, both in the United States
and Canada, with headquarters at
Detroit.
Mr.. Knudsen's present office is
vice president Of General Motors
Corp, in charge Of the Chevrolet
motor division. He is also a
director and a member Of the
executive committee.
The Washington times., 1933-10-14
Petroleum Use
Up This Year

The total domestic demand
for petroleum products dur.
ing the first eight months
this year exceeded by 2.3%
the demand in the CORE
spending period Of 1882, the
United States Bureau of
Mines reports.
The aggregate demand was
564 $4,000 barrels, compared
with 554,O75,00O barrels in
the first eight months last
year.
How well the volume Of oil
demand has been sustained
may be gagged by the fact
that the total 1892 domestic
consumption was only 11%
below 1929, the record year.
The Washington times., 1933-10-14


have been a little too enthusiastic
in the past week. So the bears
may have a slight advantage in
the technical position. But there
are few active and important
bears.
And above all the market is not
now concerned with technical
trading factors so much as with
business and financial fundamen-
tails. It is trying to appraise the
outcome Of the crisis in the Ad-
ministration's policy which now
exists.
On the one hand, the Admins
tration has undertaken broad and
sweeping social reforms. These
are revolutionary. They involve a
redistribution of wealth and Incl
The Washington times., 1933-10-14
GRAHAM PAIGE NET

Graham-Paige Motors Corp.
and subsidiaries report for nine
months ended September 80, 1888,
net profit of 1898 after interest,
taxes, depreciation. etc., equiva-
lent after dividend requirements
on z per cent preferred stock to
3 cents share on 2282, ,899 shares
(par - of common stock. This
compares with net loss Of 965, TIT
in first nine months Of 1892.
The Washington times., 1933-10-14
Blown by Good
Trade Winds

Hudson retail sales best
since 1929. Collins and Ak
man half year net S634,237,
against deficit Of $43S,281
in 1882 period. September
sales Of Simmons Company
40 per cent above year ago
...One firm increases and
two pay extra dividends. =.
Car IOadings 4.6 per cent
above like week last year. :.
September anthracite ship
ments 6.22 per cent above
August and 1925 above year
ago. .Kroger Grocery and
American Stores report Sep
tember business better than
last year. Oil use in eight
months 2.3 per cent more
than in like 1882 period.
The Washington times., 1933-10-14
Rules for Securities
Ads Are Proclaimed

The Federal Trade Commission
today made public a rule for news
paper and periodical advertise
mentS under the Securities Act for
the generality of securities.
With a view to the limitations
Of advertising space, it permits
the omission of certain material
required in the prospectus and al
lows what is printed to be con-
denSed and arranged in any order.
But the investor, it was ex-
planned, is protected by specifi-
cation Of the information which
as q minimum the advertiser must
print, including a designation Of
persons from whom the more COM
plete prospectus can be obtained.
The Washington times., 1933-10-14
CHICAGO LIVESTOCK

CHICAGO, Oct IA QN.s.).-Hogs:
Receipts, 5000; 1Oc lower. Top, $50;
bulk, $4.5O@5.OO; heavy, $4.4o@5.1O: me-
dium, $4.60@ $40: light. $4.5o@ $40: light
lights, $4.4O@5.OO; packing sows, 1925 q
400: pigs. $3.75@4.75. Holdovers. 1000.
Cattle-Receipts, 1000; steady. Calves.
300: steady, Beef steers: Good and
choice, $6.O0G6.75; common and me-
dium, $4.oO@6.OO; yearlings. $5.oO@S.7S
Butcher cattle; Heifers, $4,000 6.25;
cows, $2.OO@4.0O; bulls, $2.60@4.0o;
calves, $5.O0@7.OO; feeder steers, $4,000
500; stocker steers. $3.OO@4.5O: stocker
cows and heifers, $2.50@3.75.
Sheep-Receipts, 1000; steady. Lambs.
$650@725: common. $4.00@475; year
lings, $4.Oo05.OO; feeders, $6.oo@6.4o;
ewes $1.50@2.75.
The Washington times., 1933-10-14
Proctor and Gamble
To Retire All Bonds

Proctor & Gamble Co. is calling
for redemption on or before Jan
uary l, 1884. all the outstanding
20-year AZ per cent gold deben-
lures, due 1947, at los and in
terest. There are outstanding $8,-
$4,000 Of the debentures, a re-
duction Of $1,S79,00O from
June 80.
After redemption Of these
debentures the company will have
on bonds outstanding.
The Washington times., 1933-10-14
S444,454 Is Melted
Bu JOhH1S-ManUiLLe

NEW YORK, Oct. IA Q.N.S)
Johns-Manville Corporation real
ized net profit of $444,454 in the
quarter ended September 80, equal
to AZ cents a common share, con-
tFasted with a net loss Of $277, ,693
in the third 1882 quarter.
For the nine months ended Sep
tember 30, company had a net
loss Of SALT, ,140, compared with a
net loss of $1,792,571 in the cor
responding period last year.
The Washington times., 1933-10-14
TO THE PoLIcYHoLDERs OF

INSURANCE COMPANY OF AMERICA
, NOTICE is hereby given that meeting Of
INSURANCE COMPANY OF AMERICA
will be held at the Home Office of said Com
pany in the City of Newark, New Jersey, on
Monday, the Fourth day Of December, 1855, at
twelve o'clock noon, for the purpose of select.
ing four persons to be voted for by the policy.
holders Trustees as members of the Board of
Directors at the annual election of Directors
Of the Company to be held on the Eighth day
of January, 1884.
At such meeting every policyholder of the
corporation who is of the age of twenty-one
years or upwards and whose policy has been in
force for at least one year last past shall b0
entitled to cast one vote in person or by proxy,
EDWARD D. DUFFIELD. PysSideMt.
The Washington times., 1933-10-14
Floating U. S. Steel
Stock Is Increased

NEW YORK, Oct. IA GN.S0.
The increase in the floating SUP
ply of United States Steel Corp.
common, reflecting sale by in
vestors, which started year ago
continued in the quarter ended
September 80, it was disclosed
today.
The amount Of stock in brok-
ers hands rose 5,378 shares from
June 80 to September 80 to a
total of 1,623,951 shares, or 1856
per cent of the total issue Of
8,703, ,252 shares outstanding.
The Washington times., 1933-10-14
AUBURN ASSETS OFF

Consolidated statement of Au-
burn Automobile Company and
subsidiaries as of August 81, 1888,
shows total assets of 16,522, ,914,
comparing with 19,483, ,274 on Au-
gust 81, 1892, and total surplus
of 2,6s8,316 against 5,673, ,955.
The Washington times., 1933-10-14

S t ock market
moves. I doubt
if anyone feels
sure what the
market will do.
It seems that
technical con-
d i t / ms are
neither very
strong nor very
weak. There is
perhaps q little
s t q le n e S S in
some positions
held over from
July.
Perhaps some
The Washington times., 1933-10-14
ZENITH RADIO PROFIT

Zenith Radio Corp. reports for
quarter ended July 81, 1888, profit
Of 1886 after expenses, deprecia-
ton, etc., but before Federal taxes.
This compares with net loss of
1882 in quarter ended July 81,
1892.
The Washington times., 1933-10-14
BEATRICE CREAMERY

Beatrice Creamery Company and
subsidiaries report for six months
ended August 81, 1888, CONSOLE
dated net income of $3.50 after
depreciation, Federal taxes and
minority interests,
The Washington times., 1933-10-14
BY LEWIS HANEY
Professor of Economics
NeD York UniDerSity)

At the moment it is difficult
to see any definite indications as
to the immediate prospects OF