davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-04-12
u. S. Dollar RegGins
FOreiQn Confidence

The sharp decline Of the dollar
in terms Of foreign currencies
previous to and during the first
part of the moratorium period has
been superseded by a return of
confidence in the soundness Of u.
S. currency, according to Moody's
Investors Service.
From February 10 to March 4,
Moody's index Of 4 foreign gold
standard exchanges, expressed as
percentages Of parity, and which
indicates the position of the dol
lar, rose from $3.50 per cent Of
par to 101.04 per cent of par, well
above the gold export point.
Since then, however, the rise in
the dollar has forced these quota
tions down to levels around 100.31
per cent of par. and gold exports
would be improbable at present
levels.
The Washington times., 1933-04-12
CRUDE OIL GAINS
IN FEBRUARY

The United States Bureau Of
Mines reports February petroleum
output at 61,029,O00 barrels, a
daily average Of 2,108,000. This
is 10000 barrels more than the
daily average for January and
$4,000 barrels above the average
for the same month last year.
Virtually all of the increased
output came from the east Texas
and Oklahoma City fields al
though the Van field and other
areas in Texas and Kansas also
produced more petroleum.
The daily average production
in the east Texas field was 308,-
900 barrels, the highest for any
month since November, 1881, and
that in the Oklahoma City field
10000 barrels daily, the highest
since December, 1881.
Drilling in the east Texas field
again declined materially, with
only 155 wells completed in Feb
ruary against 253 in January.
The Washington times., 1933-04-12
POWERPRODUCT
RATIO BETTER

Electric power production in
the United States improved its
relative position against a year
ago to the best level this year
last week, Edison Electric Insti-
tute figures revealed today.
Output for the week totaled
1889 ,367,0 900 kilowatt hours
against 1.465, 5,076,000 kilowatt
hours in the like 1892 week, q de-
crease Of As per cent. This
compares with output Of 1,402,-
$4,000 kilowatt hours in the pre-
ceding week. a decrease Of 5.3
per cent from the like 1882 week.
Only one section Of the coun-
try, the Pacific coast. failed to
share in the improvement. The
Pacific coast declined to 6.8 per
cent from 81 per cent in the
preceding week.
The Washington times., 1933-04-12
RIGGS REDUCES
DIVIDEND

Directors Of the Riggs National
Bank yesterday declared a quar-
terly dividend Of So a share, pay
able April Is to holders Of record
March 81. This is a reduction Of
81 from the former rate.
Robert v. Fleming, president,
stated that earnings were we'll
above requirements, but the re-
duction was made in the belief
that under present conditions it
is sound banking policy to con-
serve earnings and build UP re-
serves.
Mr.. Fleming announced the pro-
motion of Frank G. Burrough,
an assistant cashier, to be an as
SiStant vice president.
The Washington times., 1933-04-12
LOADS
DIP IN WEST

Traffic on Western railroads
was lower last week after three
weeks of successive gains, indi-
vidual reports indicate.
Reported loadings Of 1S,5O7
cars compared with 19,O21 the
week before and 2O,771 in the
same 1882 week. The biggest drop
was on cars received from con-
nections.
Chicago, Milwaukee and st.
Paul reported 1852 cars COM
pared with 1879 the week before
and 21,192 a year ago. Cars re-
ceived from connections increased
while loadings on own lines de-
clined.
The Atchison handled 2O,632
cars against 20,453 the previous
week and 22,730 in the same 1882
week.
The Washington times., 1933-04-12
BUILDERS D|NED
BY CAST CD.

M. L. Sperry, president, and
other officials of the Washington
Gas Light Company entertained
a group Of local builders and ar
chitects at dinner at the Ward
man Park Hotel last night.
Mr.. Sperry outlined the policy
of the company in encouraging
local builders to install gas ap-
pliances. H. M. Brundage, jr.,
sales manager, described the new
air-cooled gas refrigerator.
other speakers were H. M.
Brundage, ST., president of the
Consolidated Gas Company Of
New York; F. E. Sellman and A.
E. Lee, of the Electrolux Com
pany, and w. J. Lambert, coun.
sci, and E. j. Boothby, general
manager of the Washington Gas
Light Company.
The Washington times., 1933-04-12
ODD COLD COINS
FROM HOARD

When President Roosevelt issued
an executive order setting May /
as the dead line for the return Of
all gold coin and gold certificates
to the Government, it was the
climax of a patriotic appeal which
thus far has resulted in the re-
turn of more than $500, ,000, 900
and has brought to light many
unusual coins as well as incidents
connected with the history Of
coinage.
To the amazement of many
persons, the coins for which
patriotic Americans dug down into
safe deposit boxes and trinket
caches frequently were not the
conventional eagles, half eagles,
and double eagles Of circulation.
Sometimes they were such rarities
as gold So pieces, gold dollars, and
gold 25-cent pieces.
Sometimes they were worth
more than the amount stamped
on the face. The value Of a Cali
fornia quarter dollar, which came
to light, was estimated at $25.
The California Slug," an octagon.
shaped $50 piece, has sold for as
much as $1,000. It is recorded
that a collector at one time Of
fered $4,000 for the double eagle
of 1849, of which only a single
specimen was made in gold.
It is a curious fact that not all
of the gold returned to the banks
was Of Government coinage-that
part Of it was privately coined.
Georgia. California, North Caro-
lima, and Utah, for instance. all
had private gold coinage, accord
ing to Lawrence w. Schmidt,
after making a study Of gold coin
age for Administrative and Re
search Corporation.
The Washington times., 1933-04-12
To HEAD
BANK AGAIN
IH UW IN HERh HW
-
MOHEA

Ezra Gould yesterday was re-
elected president Of the Washing
ton Mechanics Savings Bank, one
of the five. local savings banks to
resume business on full basis at
the end of the recent bank holi-
day.
ence F. Burton, vice president and
cashier; DR.. Edward F. Pickford
and A. S. Offutt, vice presidents:
Mrs. M. H. Buckingham secre-
,tary; Joseph M. Mccarthy, w. B.
aHehler, jr., and B. M. Grant, as
assistant cashiers.
= Directors reelected at the an
snual stockholders meeting are
Walter K. Bachrach, George
Hayes, L. Hoyt Lamb, Jesse B.
Lee, j. c. Pyles, Edwin E. Roberts,
r. P. Williams, John p. F. White,
E. S. Wolfe. Guy Mason and
sMessrs Gould, Burton, Pickford
and Offutt.
The Washington times., 1933-04-12
LIVING TOO HIGH
FOR WAGES

Although the cost of living in
1882 declined nearly % per cent
from the 1929 level, a further
decline is due, according to the
Alexander Hamilton Institutes
current bulletin, in line with the
much greater drop in wages and
wholesale prices.
The cost Of living in the United
States declined 9.4 per cent dur
ing 1882, according to figures
compiled by the Bureau Of Labor
Statistics at Washington. This
decrease reduced the cost Of living
to a level Of 22.9 per cent below
the predepreSSion peak reached in
December, 1929, while factory
wage rates have been reduced by
approximately 26 per cent.
The Institute points out that
in previous depreSsions wages
have shown less decline than the
cost Of living. In the depres-
sion Of 1921 wages declined Ill
per cent as compared with a drop
Of 1872 per cent in the cost of
living and a drop of 45.3 per cent
in wholesale prices.
There is evidence that the wage
level is now at the bottom and
that wholesale prices will reach
the bottom at a level about 40
per cent below the 1929 peak.
With wages 26 per cent below
the peak and wholesale prices 40
per cent below the peak, the cost
of living should be 33 per cent
below the peak, or 13 per cent
below the present level, the Insti-
tute finds.
The Washington times., 1933-04-12
BONDS FEATURE
MARKED GAINS
IN j. 8. LIST
BY MUNROE ROBERTS

NEW YORK, April IL UN.S0.
Further marked improvement in
U. 8. Government obligations was
the feature of q highly irregular
bond market today.
Treasury 33s Of '43 advanced
1882 to 101.8, closely followed by
the Treasury. 33s Of al, which
was up 6-32 at 1913; Treasury IS
up 4 at 1920, and Treasury 33ss
of 40 up 2-32 at 101.10.
Germans Liquidated
German issues encountered fresh
liquidation in the foreign group,
the International 512s sagging 1A
points to 4212, and the Agricuftu-
raj Bank IS Of '38 dropped 212
points to so. United Kingdom S 512s
eased "a to 1041a.
Rails were mixed, with PennSyl-
vania IS of '64 declining 2 points
to 73, and Baltimore ond Ohio
41ss Of 80 easing 70 to 81. Frac-
tional improvement was recorded
in the Erie IS Of '67, New York
Central AVS new, and st. Paul IS.
Utility Liens Firm
Firmpess was again the rule in
the best grade utility liens, with
the American Telephone 51as Of
'43 up "a at 104, and the Ameri-
can Telephone 5s Of '65 up " at
100A.
Opening quotations on Govern
ment bonds were: Liberty Fourth
4As, 1928; Treasury 4As, 1880;
IS, 104.20; 32ss '43, 1913; 33ss
40, 101.10; 32ss Al, 101.8, 3bs,
9S.1S, and IS, 1920.
The Washington times., 1933-04-12
81 Issues Dropped
Bu Curb EXCHANGE

NEW YORK, April IL G.N.SO.
An additional fifty-one issues were
removed from trading privileges
on the New York Curb Exchange.
Officials offered no explanation.
The latest batch of securities
dropped comprised IS unlisted
stock issues Of is corporations,
six issues Of foreign common
stocks and 20 bond issues Of 10
companies. A total of IA bonds
have been removed from the list
in less than two months.
The Washington times., 1933-04-12
IS SLACK
AS SPR|CES ON
CURB SLIP
BY THEODORE KosLOw

NEW YORK, April IL Q.N.S).
The curb market was generally
disposed to mark time within a
narrow trading area in dull deal
ings today, with price changes in
the more active leaders relatively
unimportant.
The dullnesS attendant with
the mixed tendencies Of the list
as a whole continued to attract
favorable comment by traders
working for higher prices.
Easier for Bulls
It was held that If the Specu-
lative element persisted in with
holding offerings it would make
so much easier the task Of groups
interested in bulling values.
The run of utility leaders
backed and filled quietly, with
Electric Bond and Share, Com.
monwealth Edison and American
Gas and Electric among the fav-
orites maintaining their position
around previous closing levels.
Columbia Gas and Electric pre-
ferred Jed the senior issues with a
gain Of a point to 78.
The Cities Service issues con-
tinue to run into offerings, with
the common down 70 to 2h and
the debentures off 70 at the 1927
level.
United Founders Hit
United Founders was pressed
for sale in large volume, finally
easing to the 70 level where it
was down to a new low for the
year and s. lower on the day.
Oils were extremely dull, with
Standard of Indiana off s at
1879 and Standard Of Kentucky
unchanged at 10A.
Specialties were rather conSpic-
uous by their absence. Great At
lantic and Pacific Stores rose "
point to 151R.
There was little in the way Of
fluctuations in the bond section,
with active utility liens maintain
ing a steady undertone.
The Washington times., 1933-04-12
STEEL OUTPUT
UP P3PO|NTS
IN WEEK

, NEW YORK, April IL dN.s0.
steel ingot production for the
country as whole has advanced
to 1917 per cent Of capacity from
16Ia per cent a week ago, mark
ing the sharpest gain that has
occurred in any Seven-day period
this year, according to the Iron
Age Review, out today.
While the marked increase in
steel output is largely the result
Of an upturn in automobile man.
J6acturing schedules. particularly
Aby Chevrolet and Ford, there has
also been improvement in other
lines, notably tin plate for can
manufacture. Orders for sheets
for beer barrels and beer bottle
cases have contributed in some
measure to the betterment.
Miscellaneous Business Gains
!. Miscellaneous business has
gained, especially in bars and
sheets, which are the two steel
productS of widest usage, their
combined total normally repre-
eenting about 80 per cent or more
0f all finished steel production.
The Chicago district has shown
The greatest advance, from l3 per
cent in the early part Of last
week to 10 per cent this week,
aided by fairly large orders for
sheets and bars and a recent
release of small tonnage for rails.
: There is gain in the Pitts
6urgh district this week to Is
per cent from 13 per cent last
week. While Valley and Northern
AQhio output is up to l8 per cent
against last weeks average of
. ~ per cent.
!, Booming At Detroit
"A stepping up has also occurred
H& Birmingham, Buffalo, in east
an Pennsylvania and at Detroit,
where the independent steel plant
operating five of it's six open
hearth furnaces, or about "a per
cent of capacity, with the posi-
bility of full operation soon.
\ Z, Accompanying the expansion Of
production is a further strength
ening Of steel scrap prices at
Pittsburgh, all ste l-making
grades being up at least SO cents
o. ton. Heavy melting scrap is
quoted at an average Of $40 a
ton, the best price in that dis
tr1ct in q year.
Price strength is in evidence
IN pig iron markets. An advance
Of their own immediate districts,
and Pittsburgh merchant fur
mace has advanced BeSsemer iron
8 Ike amount.
The Iron Age composite prices
for pig iron and finished steel
are unchanged at $13.68 a gross
) ton and 1890 pound, respec-
lively. ,... -.
The Washington times., 1933-04-12
Manning on Board
Of PUn-An1erican Air

{ JERSEY CITY, N. j., April IL.
l.. B. Manning, chairman of
/ the board of American Always,
Inc, and president of Aviation
. Corporation, was elected a direc-
; tor of Pan American AirwayS,
inc, at the cnnual stockholders
e. meeting held here today.
y Pan American Airways EXTENDS
e3rom Brownsville, Tex, to San
5tiago, Chile, and thence by way
of 3uenoS Aires and Rio de
A.Janeiro back to Miami, Fla. Mr..
: Manning, accompanied by Mrs.
2 Manning, last January made a
complete survey of this system,
a. travelling by air more than H..
200 miles.
The Washington times., 1933-04-12
JOBS AND WAGE
FALL|N WHY.

Factory employment declined
3.6 per cent in this State in
March, due chiefly to the bank
ing holiday, although a seasonal
rise of / per cent is normal, &C.
cording to Industrial CommiS-
sioner Elmer F.. Andrews.
This lowered the index to 54.3,
a drop of 16 per cent from a year
ago.
Wage payments dipped 5.3 per
cent, pushing the index down to
1876, a reduction Of % per cent
from a year ago and the lowest
point since June, 1914. when col
lection of these statistics was
inaugurated.
The Washington times., 1933-04-12
c. { D. To COOL
CRACK TRAINS

All Chesapeake and Ohio
through passenger trains are to
be air-conditioned by June /, it
is announced today, and deliv-
cries of the new cars will begin
about May /.
The success of the crack
George Washington" flier, out
of this city, was the determining
factor in deciding officials to
make this the first railroad in
the world to go on a 100 per
cent through main line air-condi-
toned passenger service basis.
All dining, club and lounge
cars on the Sportsman" and the
"F. F. "" will be air-conditioned,
like the George Washington" "
by the Pullman system.
The Washington times., 1933-04-12
GRAIN FUTURES
TURN DOWN

CHICAGO, April IL QN.SJ.
The wheat market was reaction
ary here today under the in
fluence of profit-taking sales.
Values sagged about one cent in
light trading.
Weakness in stocks and cotton
plus indifference of Liverpool had
a sympathetic effect on wheat
and with outside buying tenn
porarily Of small proportions
sentiment veered to the down.
side.
Some support developed on the
decline but mid-session values
were u. to 4sc lower.
Corn was down 70 to Ac, oats
and rye Zee off.
Opening prices were:
Wheat-May. 59@59Ac; July,
603s @6Ohc; September. 61A@
617sc.
Corn-May, 32h@s2Ac; July,
34h@34sc; scptemb er. 800
3614c.
oats-May, 2oh@2oAc; July,
207sc; September, 21h@21Ac.
The Washington times., 1933-04-12
Business Activity
SLGckenS in. H0Lu

General business activity IN
Italy Slackened somewhat during
February. There is no diminu-
ton of faith in the ultimate re-
covery Of trade, but there is some
disappointment that appreciable
improvement has not been more
noticeable since the turn Of the
year.
The wholesale price index fell
to 1876 at the end Of the month
(1913-10O. Unemployment was
increased by 1000 to 1,250,000,
but a drop is expected with the
opening Of the agricultural
season.
The Washington times., 1933-04-12
N. Y. Central Chief
Scores State Taxes

NEW YORK, April IL Q.N.S0. .
Taxation Of railroads by New
York State was assailed as ex-
cessive here by F.. E. Williamson,
president, New York Central rail-
road.
He pointed out that roads in
this State were assessed $27,8S4,-
900 in 1882 against $275, 900, 900
by the other At States and Fed
eral Government combined. Of
the New York State taxes, the
Central paid more than half.
The Washington times., 1933-04-12
March Insolvency
Index LOn for Years

Dun'S Insolvency Index for
March at lila is the lowest for
that month in years. It compares
with 1897 for March Of last
year and 14.0 for March, 1881.
Furthermore, it is the lowest for
any month since August, 1881.
The decline in the insolvency
index from January to March this
year has been from 1874 to lila,
or 8 points. This reduction was
exceptionally large.
The Washington times., 1933-04-12
Restrictions E0Sed
On Insurance Loans

NEW YORK, April IL U.N.SO.
Restrictions on insurance loans
were eased further today by State
Superintendent Van Schaick, who
huled that loans may be made
equal to premiums paid since
March 9 or to loans repaid to the
company since that date.
Withdrawals under option agree
ments will be allowed in install
ments not to exceed 5000 a
month.
The Washington times., 1933-04-12
Business Moderate
In SnOt at LiDernOOL

= LIVERPOOL, April IL Q.N.SO. .
Moderate business was done in
spot cotton at the opening today
with prices unchanged. Receipts
xtotaled 1000 bales, including 900
American bales.
At midday middling fair was
quoted at 655d; strictly good
1niddIng, 6.10d; good middling,
Is SOD; strictly middling, 5.50d;
middling, 5.35d; strictly low mid
ding, 5.15d; low middling, 5.00d;
strictly good ordinary, 4.8Od, and
good ordinary, 4.50d.
7 Futures opened steady with
May at 5.14d; July, 5.15d; Oc-
!. tober, 5.18d, and March, 5.26d.
The Washington times., 1933-04-12
March Bond Value
Drops S23O,739,917

A drop of $230,739,917 in mar
ket value of bonds on New York
Stock Exchange during March to
total of $30,554,431 900 was dis
closed today.
The average price on April /
was $74.51. against $74.S9 on
March /.
The Washington times., 1933-04-12
Good Business
Gains Listed

Freight IOadings ratio to
year ago gains sharply for
week.
Heavy melting scrap ad-
vanced S cents to 81 q ton
at Pittsburgh.
General Motors consumers
sales in March 5,156 units
above February.
Lumber shipments in April
/ week highest since last Sep
tember.
Chevrolet sales 5 per cent
higher in March than a year
ago.
The Washington times., 1933-04-12
STOCK is SUSPENDED

The committee on listing Of
the New York Curb Exchange
has suspended dealings in the
common stock of Fred T. Ley
and Company because Of the
eonpany's failure to maintain
n New York transfer office.
The Washington times., 1933-04-12
MARCH STEEL DOWN

American Iron and Steel InSti.
tute estimates March steel ingot
production for the country at
c85,913 tons against 1,066,339
tons in February, which had
three less working days. The
approximate daily average was
32,8l2 tons.
The Washington times., 1933-04-12
KEROSENE PRICE CUT

The tank wagon price of kero-
Sene has been cut / cent a gal
Ion in Manhattan and 1a cent in
Staten Island to 8 cents a gallon
by the Standard Oil Company Of
New York. The reduction was ef-
fective April 5.
The Washington times., 1933-04-12
In MeHnOriann

They say time heals broken hearts
But it seems so untrue;
One year our hearts have ached.
Teresa darling. for you.
MR.. AND MRS. PERRY A. LITTLE.
DEAN. f. -WILLIAM-In memory Of our
beloved husband and father WILLIAM
E. DEAN. who departed this life one year
ago today April 12. 1882.
There is sad and sweet remembrance,
There is a memory. fond ana true;
There is a token of affection and
heartache still for you.
The Washington times., 1933-04-12
MAJOR RALPH M. BURLINGTON

Funeral services for the late
Major Ralph Maurice Burlington,
U. s. A., retired, 81, were held to-
day in the chapel at Fort Myer,
Va. The services were followed by
interment with full military hon.
ors in the Arlington National
Cemetery.
Major Burlington died Monday
at his home in Country Club Hills.
He is survived by his widow, Mrs.
Hildegarde Marie Burlington.
The Washington times., 1933-04-12
DEATHS

Rebecca Lieberman. go, 1925 Spring RI.
Jennie Dooley. IS, 1897 Benning Rd. NE.
vincen5o Ghrichella, IS. IS"Ids Providence =
George Henry, II. 2415 F st. N. W.
Lawson Compton, II, Sibley..
virgie Hurdle S., Homeopathic.
Chas. A. Gassorf, 6b Homeopathic.
Malcolm Reintzel, 80 Walter Reed.
Hazel McNerney, 81. 1922 18th st. N. W.
Olive Walker, 2S, Gallinger.
Ann F. Bowker. 6. Garfield.
Leonard Diff, g. Children's.
Ann Michel, 81 years, 1742 T st. N. W.
John burner. 81. 32S Clarke ct. s. w.
Maggie M. Murphy. SO, 632 s st. N. W.
BERTHE Simms, "A, Georgetown;
Rudolph Thompson. II, Gallinger.
Irene Saunders. %. Gallinger.
James Hackney. %, Gallinger.
Charles Moore, jr. Children's
The Washington times., 1933-04-12
Births, Deaths, Marriages
WILLIAM NJ. DISNEY

Funeral services for William M.
Disney, the 2100 block @ st. N. W.,
who died Monday at Emergency
Hospital, will be held tomorrow
afternoon at 2 o'clock from the
w. w. Chambers Funeral Home
on Chaplin Street Northwest. In
terment will be in Greenwood
Cemetery, Laurel, Md.
He is survived by his widow,
Mrs. Harriet Disney, and three
children, Mrs. Dorothy Talbot,
Mrs. Mary Dement, and Clifton w.
Disney.
The Washington times., 1933-04-12
BIRTHS


Douglas B., Jennie Cornell boy.
Maurice s.. Charlotte MulholIand, boy.
Earl c., Theresa Froman. boy
George F.. Florence Hunter, boy.
Robert, Sarah Scargill. boy.
William E.. Marjorie Cunningham, boy.
Eddy B.. Dorothy Rynex, boy.
Charles, Genevieve Cowfer Toy.
Louis, Helen Pastelnick, boy.
Albert, Mary Lawson, girl.
Irving O., Sarah Linger. girl
Rudolph K, Helen Paldauf, girl.
Newell R.. Helen Gill. girl.
Joe R., Catherine Salter, girl.
Harry w., Thelma Swami, girl.
Leroy G., Mildred Barghausen. boy.
James T.. Pauline Mccarthy, boy.
Allen L., Alice King, boy.
Lucien G., Zell Berry. boy.
George p, Grace N. Fraley, boy.
Frederick j., Alice Warther, boy.
Forrest NJ. Aileen Elliott. boy.
Clarence O., Flossle Purvis. boy.
George, Annie Grimes boy.
Vincent, celeste Vasco girL
Frederic, Edna Simmons. girl.
Joseph, Anna Corrado. girl.
Karl L., Alma Hite, girl.
Carlos M, Ruth Luna, girl.
Joseph, Cosmos Furnari, girl
Samuel. Florida Rush, boy.
Earl, Mary Parker girl.
William, Callie Droughns girl
The Washington times., 1933-04-12

MASON, ALBERT TERRIL-Passed away
on Wednesday morning, April 12, 1888,
at his residence. I141 Tenth Street North
west. ALBERT TERRIL MASON, the be-
loved husband OF. Alice F. Mason. Re.
mains resting at the W. W. Chambers Co.
funeral home Fourteenth and Chaplin
Streets Northwest
Notice Of funeral services and interment