davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-12-07
SLAP STARTS CAREER

FORT WORTH, Texas, Dec. Z
CUP).-A slap on the back and a
few words of encouragement
from a vaudeville trooper while
Fred Lowery was a student IN
the Texas state school fer bind
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-12-07

ended in stage career for the
youth.
In 1923 when the trooper visit
cd 2 friend at the school he heard
Lowery whistling "Keep it up,
you've got something, het old the
I1oI
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-12-07
Acts 24:IO-29.

Acts 24:10-23.
Golden Text-Herein DO | en-
ercise myself to have always q
conscience void Of offe0Se toward
God, and toward men.-Acts p;
10.
Five days after Paul WAS
brought down to CaeSAvea from
Jerusalem he was followed 10y the
high priest and members oI the
Sanhedrin who had emplo!eI 4
lawyer named Tertul!us to &p-
pear before the governor against
Paul. The speech for the prose
cution was q Shrewd formulation
of the charge that Paul was
guilty. first, of seditioH among
the Jews throughout the world :
secondly. of hereSy as a rlngieau-
er of the NazareneS; ana thNi.'-
of proclamation OF the Ie:'F!'.
The address closed with IN &sSef-
ton that the Jews would nave
handled the ease themselves With
out troubling the governor, out
for the forcible Interference OF
Lvsias: still, the governor could
examine the PliSone2 and satisfy
himself as 10 the truth OF the
charges.
To the speech of their lawyer,
the Jews gave hearty assent be-
fore the governor, declaring It an
accurate statement Of the fac,s
and doubtless regarding X as an
adriot presentation of their side
of the case.
l. DEFENSE BY THE
PRISONER
Justice was pleaded. The gov
ernor beckoned TO Paul that his
defense was now in order. With
2 courteous introduction. the
apostle began: then he denied as
totally unprOven the charge that
he was a mover of sedition; next
he explained his doctrine as en-
bracing many things which MS
accuserS believed and as complies
ing the prophecies which all &C
cepted; and finally told the story
of his alleged proclamation OF the
temple. which the Asiatic Jews
originally making the charge
were not here 10 prove and which
was not established before the
Sanhedrin. All the charges,
therefore. fell to the ground.
2. DELAY BY THE
GOVERNOR
Justice was Postponed. The
governor saw at once the utter
emptiness of the charges brought
against Paul. OF course he should
have released the prisoner imme-
Evening star., 1933-03-19
GRAIN TRADE KEEPS
EYE ON LEGISLATION
Opinion Is Divided as to Effect of
Proposals for Stabilizing
Market Prices.
By the Associated Press.

By the Associated Press.
CHICAGO, March 18.-As a major
market influence, proposed agricultural
legislation appeared today to over
shadow all other factors in the grain
trade.
Friends Of higher prices urged that
regardless Of eventual effects, If the
bill submitted by President Roosevelt to
Congress was to be enacted. it might as
well be now, and that, with other forces
working for grain price recovery, the
measure made at least a strong tempo
rary basis for new bullish achievements.
Opponents of the plan, however, said
the measure was not only vague In the
extreme as to its operation and ad-
mittedly an absolute experiment, but
that it would tend to demoralize mar
kets for agricultural products, and could
not do otherwise than react to the in
jury Of the farmer.
Largely because Of vast changes in
the banking situation and on account
of passage Of economy and beer bills,
prices this morning compared with
March 3 showed wheat AS AS cents a
sI'ASa AAeA,eA' SoAA NB SeA', uP, ooS'
1R-1A advanced, and provisions at
gains varying from 81 cents to 81.
Wheat trade authorities say private
estimates Of domestic farm reserve
stocks Of wheat now show that the
supply in the hands Of growers now is
comparatively small. Commercial Wis
ible stocks, too, are decreasing much
faster than q year ago, and mills are
turning more and more to- terminals
for supplies. II the -four trade becomes
as active as expected. there should be
an excellent demand f6r the current
offerings Of wheat.
Evening star., 1933-03-19
DROP IN COMMERCIAL
FAILURES REPORTED
Total for Week Was 494, Against
$50 and 571 in Two Pre-
ceding Periods.
Special Dispatch to The Star.


NEW YORK, March 18.-Even
though there are some disturbing fac
tors present, which naturally would be
expected to have an influence on the
trend of business failures, they have not
affected these to any marked degree.
The insolyencies continue to maintain
a seasonally lower trend, which usually
is the case at this period of the year
A most encouraging decrease occurred
this week, in comparison with the rec
ord of last year, one Of 27.9 per cent,
whereas a year ago an increase of 2l.2
per cent was shown.
The number Of commercial failures
this week in the United States, as re-
ported to Dun & Bradstreet, Inc, was
4s4, against 55e and 571, respectively, in
the two preceding weeks. A year ago
the number was 685.
This general reduction Is further
borne out in each geographical section,
each territory showing fewer failures
this week than for the two weeks pre-
VlOuS ana IOT The Sdnle peIlOO laSL year.
The most noteworthy decrease occurred
in the South and the West. where the
failures were 81 fewer in each case than
last weeks totals for these sections.
OF the past weeks failures, 357 had
Liabilities Of $4,000 or more in each in
stance, against 376 and 1853, respec-
lively, in the two weeks preceding and
40 similar defaults year ago.
In the Dominion of Canada failures
numbered IS, against II in the week
previous. Last year for the correspond
Ing period, 40 defaults occurred.
Evening star., 1933-03-19
RICHMOND RESERVE
BANK SETS RECORD
Gain in Resources Puts Total
at High Mark of
1897, ,232,O 900.
By the Associated Press.

BY the Associated Press.
RICHMOND, Va, March 18.-The
Richmond Federal Reserve Bank in its
weekly statement reported total re-
sources Of 1887 7,232, 900.
1T Is the most notable statement Of
this bank ever issued" Gov. George J..
Seay said in releasing the statement.
He did not except wartime statements.
The banks total reserves were given
at $179.165, 900, Of which Sl44, 4,545, 900 Is
gold with the Federal Reserve agent;
s5,30l 900 gold redemption fund with
the United States Treasury; S15,90O 900
gold settlement fund with the Federal
Reserve Board. and $7074, 900 gold and
gold certificates held by the bank. Nom
reserve cash amounted to $4,000
The bank holds discounted bills Sc
cured by United States Government
obligations amounting to s22, ,709 900
and other discounted bills of S24, ,303, 900,
making a total of $47,012,000. 1t also
has bills bought in the open market of
$40, SAP 900 and owns Government Sc
curities of $48,149,000.
Other resources consist of $l37, 900
due from foreign banks; 81 ,636, 900 in
Federal Reserve notes Of other banks;
S28, 300, 900 uncollected items; $3,237.-
900 bank promises, and $3,145, 900 all
other promises.
The bank has $2l4, 4,449, ,00e in Federal
Reserve notes in circulation and deposits
Of $74,092 900.
Evening star., 1933-03-19
ADVANCE IN COTTON
BRINGS OUT SELLING
Prices React at End of Week After
Sharp Gains at Reopen
ing Of Market.
By the Associated Press.

oy the Associated freS8.
NEW YORK, March 18-The favor
able view Of general business and COM
modify market prospects stimulated by
the reopening of the countrys banks on
a sound basis was reflected by great ac-
tivity and q very sharp advance in
prices at the reopening OF the cotton
futures market here on Thursday
For time, the buying seemed to be
coming from all directions. May con-
tracts sold up to 697 and December,
7.66 or 70 to "a points above the closing
quotations of March 3, before the more
urgent demand was supplied during
Thursdays early trading. After this
buying had been supplied by realizing
combined with Southern and foreign
selling, prices reacted and the market
today was less active, with Southern
selling more in evidence at times dur
ing the day. Prices lost y cent or
more on Thursdays advance, with May
contracts closing tonight at 6.45, COM
pared with 6.26 at the close Of March g.
The disposition to even-up commit
nents at the end Of the week was attrib-
uted partly to uncertainty over the
proper Interpretation and the further
progress OF the new farm relief bill,
which Is now under consideration in
Washington. The selling here for for
eign account came largely through
houses with Liverpool connections, but
was also said to include some selling for
continental, Bombay and Japanese ac-
count. In some quarters this was at
tributed to arbitraging on a narrowing
Of the differences between New York
and Liverpool
The reports Of a very large business
In cotton goods here during the period
of the bank holidays encouraged ex-
pectations of q well maintained volume
Of domestic mill consumption during
the Spring. According to the Census
Bureau, domestic consumption OF cot
ton Of all growths in this country for
February amounted to 44l,663 bales,
against 451, ,239 last year. These figures
we're about in line with expectations and
without apparent effect On the imme-
diate market.
Evening star., 1933-03-19
BY OWEN L. SCOTT.
Special Dfspa tch to The Star.

CHICAGO, March ia burst of
good cheer, unlike anything felt in
months, is radiating from farm COM
modify markets here as the speculative
reaction to economic developments since
March 4. Things happened on the
Chicago Board Of Trade Thursday that
caused veteran traders to blink in as
tonishment. Here was a market neg
lected, except by bears and representa-
tives Of Farm Board agencies, for the
better part of three years. Prices had
long been writing tale Of gloom that
depicted the bankruptcy of agriculture.
But gloom was dispelled by the rush
of buying which marked the reopening
Of trading.
On grain exchanges all over the coun-
try much the same story was written
This was rebound from the depths Of
depression and also a response to the
that some sort of an inflationary move
is coming in commodities. The specu-
lation affected staples that had been
most thoroughly Debated. with prices
far under the cost of production.
Some Are Skepdcal.
In the midst Of this wave of conf
dence there still was heard the voice Of
the skeptic. Some shrewd observers,
writing daily comment, were pointing
out that prices in this country today
are about 10 cents above a world level.
Rains In the Southwest recently are
said to have improved greatly the Win
ter wheat crop outlook Spring wheat
acreage, according to farmers reported
intentions to plant, are down only
slightly. Export trade continues nil,
and there is a huge carryover. Be-
sides, Farm Board agencies still hold
about 30,000,000 bushels of wheat fu-
tIlreS
Evening star., 1933-03-19
INCREASE IN GLASS
SALES IS EXPECTED
Industry Is Looking for Business
Gains With Passage of Beer
and Wine Legislation.
Epecial Dispatch to The Star.

Epecial Dispatch to The Star.
NEW YORK, March 18-The glass
industry. first industrial enterprise es-
tablished in America, looks hopefully to
the return of light wines and beer.
Placement this week Of one order for
100000 and the reported booking Of
another order for 10800,000 beer bot
ties buoys up such hopes.
One plant at Charleston, w. Va, is
also set to resume beer bottlemaking
SCme glass cOntainer plants at WASH
ington, Pa, now operating at the high
est rate in the last six months, expect
to step up output as result of orders
fer containers of the amber fluid. Down
is preparing to resume operations
April Is.
Big orders and inquiries, plant pro-
duction increases or factory resumption
naturally are cheering to an industry
whose normal yearly outturn approx
mates $500, 100000 and whose $50 es-
Establishments employ $1,000 workers,
who get $1O0, 100000 in wages. Any
pickup in the industry, which has been
hard hit by the depression, naturally
encourages many other lines, such as
the sellers of fuel gas, potash, lead
ovide, sand, silica, lime, flint, soda, alum
mum, barium, borax, rnagnesia, zinc,
and arsenic, of which services and COM
modities the industry buys about $780,
100000 worth year.
Smallness of building operations has
slackened the demand for fiat glass,
though some "renovizing" of houses and
plants is now bringing In orders for
small amounts.
tCopyrieht 1889
Evening star., 1933-03-19
HIGHER COMMODITY MARKETS
ARE PREDICTED BY TRADERS
Reopening of Grain Exchanges With Gains
in Many Classes Is Considered Good
Sign of Recovery.

But on the other side was heard the
comment: What of it? These bulls said
that the United States would have its
own domestic price-that the Federal
Government is going to see to that
Then they pictured beer coming back,
utilizing grain not only in the manu-
facture of the product, but in the free
lunches which are expected to step up
the human intake of wheat and rye.
Furthermore, a world conference on
wheat production control impends. And
prices are said to be so low that they
can move higher simply as a reaction
to renewed hope.
The situation Is such that seats on
the Chicago Board of Trade have risen
from $3.50 on March to a last price
Of $500. .
Less excitement is noted in the stock
yards. Live stock prices move with
more deliberation than do those of
grains. Yet hogs are about 80 per cent
higher than they were at their low time
in December, and cattle and sheep have
improved in measure.
Believe Bottom Has Been Reached.
Packers report, however, that the
sharp upturn that occurred in pork loin
prices after the bank holiday set in
brought a curtailment in consumption
As a result there has been some re-
action In the dressed meat market, and
this in turn is reflected in the prices
paid for animals.
This is the Lenten season, when meat
consumption normally IS low. But
actual consumption IS far below the
usual level for this time of year. Even
so, there is evident at the stockyards
some of the same optimism that has
struck the grain markets. The feeling
is general that bottom has been seen
and that whatever the future price
fluctuations the recent lows are un-
likely to be broken.
lCnnYri1hf 1Q22
Evening star., 1933-03-19
CLEARING HOUSE REPORT
REFLECTS WITHDRAWALS
New York Bank Deposits Show De-
cline Due to Large Pay
outs of Funds.
By the Associated Press.

By the Associated Press
NEW YORK, March 18.-The weekly
statement of the New York Clearing
House, the first issued since March 4,
today disclosed considerable decline
in net demand deposits OF members,
rejecting Withdrawals prior to the lift
ing Of banking restrictions on Monday
Because of the order against the re-
opening of the Hartman National
Bank, this institution was eliminated
from the statement Net demand de-
posits aggregated $4,s12 ,485, 900, against
SIS, ,463, ,124 900 on March f. Time de-
positS totaled $7l7,081 900, against
$752, $4,000 two weeks ago. Surplus
and undivided profits were of slightly
at $872, ,130, 400
Changes in the statement follow:
Total surplus and undivided profits,
$941 900 decrease; total net demand
deposits (average), $550.27s, 900 (de-
crease; time deposits (average), $685.
100000 (decrease); clearings week end
ing today, S3,293,S31, ,129; clearings
week ending March (x, $3,492,-
900.9 GAS
(D Five days.
Evening star., 1933-03-19
FREIGHT CAR LOADINGS
SHOW DROP DURING WEEK
Decrease of 4O,O14 Is Reported by
Railway Association for Period
Ending March IL.
BY the Associated Press.

By the Associated Press
The American Railway Association
announced yesterday that loadihgs of
revenue freight for the week ended
March II were 437,813 cars, decrease
OF 40,0l4 under the preceding week and
l37,668 under the same week last year.
Miscellaneous freight loaded during
the weet Of March IL was 139,417 cars.
a decrease Of 20,839 under the preced-
ing week and 37,069 under the same
week IN 1882; less than carlot mer-
chandise. 154,423, decrease 1929 and
30,699; grain and grain products, 49,
127, decrease 9,734 and 9,068; forest
products, 1922, decrease 1878 and
5,705; ore, 1,790, an increase of 426
cars over the previous week but ASS
below the same week last year; coal.
95,321, an increase of 3.155 but 46,13l
below last year; coke, 4,672, decrease
191 and 2,544, and live stock, 10,80l,
decrease 1924 and 5,997.
Evening star., 1933-03-19
INVESTMENT BOND
MARKET IMPROVES
DURING PAST WEEK
U. S. Government Issues
Prove Feature-Junior List
Sharply Higher.
Special Dispatch to The Star.


NEW YORK, March 18-The reopen
ing Of the investment market this week
was attended by burst Of confidence,
as evidenced by volume buying and
sharply advancing prices, beyond the
anticipations of any one in Wall Street.
The price averages showed that the
market, on the first day of trading after
the nine-day holiday, erased the losses
of the three weeks Immediately prior to
its closing.
United States Government bonds,
especially those of medium long term,
reversed their previous trend in a
striking manner. High-grade corpora
ton bonds, for which investors were re-
luctant to bid at bargain prices two
weeks ago, were sought in vain as Offer
ing prices were lifted higher and higher.
Junior bonds exceeded common stocks
in the extent of their gains.
Securities Repurchased.
It was obvious to any one close to the
trading that much of the buying rep
resented the repurchase of securities
that had been sacrificed shortly before
the national moratorium In addition,
surplus funds Of trusts, liquid banks and
individuals came into the market seek
ing sound securities These funds have
been held out of the market-in some
cases for months-because there has
not been until now any indication tina:
Congress would really do something to
bridge the Federal deficit. get the bank
ing situation Strengthened out and meet
other pressing problems.
1t was a resurgence Of confidence
reminiscent of the days of the 1928 bull
market that followed the presidential
election Of that year.
At the same time 1t is necessary to
point out that many banks have not
reopened and that broad increase in
business activity is not likely to event.
uate until interstate and intercity COM
merce can be carried on with full con-
f1dence that banking accommodation
will be available everywhere. Undoubt-
edly this will be done Undoubtedly,
also, the real estate situation will event.
ually be cleared up, perhaps with Fed
eral help, but more likely because ma
tural forces will operate to readjust
the debtors burden
The markets seem to be in a mood for
extended advance. Certainly even to-
days prices do not reflect the intrinsic
values OF many high-grade and second
grade bonds. But the attitude Of many
conservative investors this week has
peen nOt 10 speculate Dy buying stocks
Of junior bonds, but to get out of high
grade short-term securities which are
highly liquid and purchase long-term
corporation bonds of the best quality.
Short Term Issues Sold.
1t Is to be realized that every bank
and other investing institution in the
country has been loading up with high
ly liquid short-term securities for two
years. that most of these are priced to
give only nominal yields and that once
major movement out of them COM
mences, their prices will decline. This
has already occurred once in short-term
Governments.
The movement out of short-term
into long-term bonds represents. the tip
OF the entering wedge Of confidence.
Copyright. 1889
Evening star., 1933-03-19
GAIN IN MARYLAND
EMPLOYMENT SHOWN
Increase Of SO Per Cent Revealed
in Figures for February-Earn-
ings Also Higher.
Special Dispatch to The Star.


BALTIMORE, March 18.-Februarv
employment in manufacturing plants
IN Maryland increased 80 per cent
over January and there was a gain
OF 20 per cent in the combined weekly
earnings for the period, according to a
report just issued by J. Knox Insley,
commissioner Of labor and statistics.
There was q gain of 3.8 per cent
In employment in manufacturing in
dustries in the Baltimore industrial
area, with no change indicated In the
amount Of combined weekly earnings.
Employment in manufa cturing plants
IN the State, however, was 1913 per
cent lower in February, 1893, than it
was IN February, 1892, and the amount
OF combined weekly earnings was 26.5
per cent lower
In manufacturing industries In the
Baltimore Industrial area employment
was 16.9 per cent lower in February
this year than in the corresponding
month last year. The combined
weekly earnings were 29.2 per, cent
lower. -.
Evening star., 1933-03-19
RAILROAD EARNINGS.

NEW YORK, March 18 LP.-Rail-
road reports for February started to
make their appearance today with
publication of figures of the Kansas
City Southern System. usually the
first TO report. The system hsd net
operating income after taxes Of
s7o,772 compared with $101,547 In
February last year.
Evening star., 1933-03-19
Unfavorable Dividend Changes.

NEW YORK, March 18 R.-Stand-
ard Statistics Co. says unfavorable divi-
dend actions this week numbered 80.
record Of 81. However, many of the
actions listed as passed, the company
explains, were announced by corport-
tious as deferred" because OF the
extraordinary banking situation.
Evening star., 1933-03-19
General Baking.

General Baking Co. has declared the
regular quarterly dividends Of 50 cents
on the common and So on the preferred
stocks, both payable April ] to stock Of
record March 25. >.
Evening star., 1933-03-19
Store Executives More Cheerful.

NEW YORK, March 10 R.-Retail
store executives are more cheerful on
the outlook for Easter business. Local
department stores have noted q coed
pickup in trade late this week, in some
cases to volume virtually equal to
that CT year ago.
Evening star., 1933-03-19
SILVER QUOTATIONS.

NEW --c2K, March fs CP.-Bar
silver ouiet. Il lower at 271s on con-
ttnr,d selling by China.
Evening star., 1933-06-22
PILOTS TO TRAIN
IN NAVY GL|DERS
New Methods Will Be Tried in
Preparing for Flights in
AirpIanes.

An entirely new theory In the train
ing OF military airplane pilots will be
put to the test by the Navy Bureau of
Aeronautics. which has just purchased
two gliderS, in which selected group
OF student naval aviators will be given
instruction at the Naval Air Station,
Pensacola, Fla, before beginning air
plane flight training.
In this way the Navy will seek to
check in actual practice the statement
OF glider pilots in this country and
abroad that gliding Is valuable
preparation for fight training and that
1t not only will shorten the dual in
struction time of student airplane pilots
but will produce better aviators.
Lieut.. Comdr Ralph Barnaby, first
glider pilot in the United States to be
licensed, has been sent from the Navy
Department to Pensacola to indoctrinate
the tight instructors there in the art
OF flying the two gliders and In the
methods Of teaching flying by their use
Should preliminary tests prove salts
factory the Navy Department an
nounced, 1T is planned to train a num-
Der OF candidates for aviation training
IN glider flying prior to their having
any powered aircraft instruction, to
study their records through the re-
mainder OF the regular flight course in
comparison with students not glider
trained, and to determine whether there
is any discernible difference.
1T Is the belief of those associated
with glider work that the glider may
be used successfully to replace or at
least simplify the elimination training,
that it will shorten dual instruction
time and, by increasing the confidence
OF the student and developing aircraft
sense or 'feel' produce better aYiators -