davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-07-27
COTTON HOLDS
NEAR RECENT
LEVELS

NEW YORK, July 81 Q.NSJ.
Cotton futures held about in lirR
with previous closing levels today
in featureless trading on the To-
cal cotton exchange.
Moderate-sized orders were suf.
ficient to give the market a steady
tone.
Price Fixing For Trade
Price fixing for the domestic
and continental trade furnished
the chief source of buying while
the South, New Orleans and spot
firms were scattered sellers.
Continuing general rainfall in
parts OF the Central and Eastern
belts came in for some discussion
and there was a good deal of
talk about weevils, but little that
tended to stir up outside buying.
North Street Dull
Worth Street reported q rather
dull market with mills and buy
ers trying to adjust themselves
to the problems attendant upon
floor stock taxes, processing taxes
and labor clause adjustments.
Midday prices were up / to 3
points with october up l at LOTT,
December up 2 at 1927, January
up l at 11.05 and May up 3 at
11.43.
The Washington times., 1933-07-27
Output of Asphalt
Reduced to Demand

A decrease of 1914 per cent in
the domestic demand for petro-
leum and lake asphalt was met
by a curtailment Of 1853 per cent
in the refinery production Of
petroleum asphalt from 1881 to
1882. Production Of asphalt lex
elusive of road OLD at petroleum
refineries in the United States
amounted to 2,474,919 short tons.
in 1892, compared with 2,975,69O
tons in 1891, according to fig.
ures compiled by the Bureau OF
Mines, Department of Commerce.
Stocks Of asphalt held by re-
fineries were reduced from 304Ic
623 tons on December 81, 1881,
to 298,684 tons on December 81,
1882. Imports, chiefly Of lake
asphalt and grahamite, dropped
from 1852 tons in 1881 to 2O.473
tins in 1882,
The Washington times., 1933-07-27
ADS
KITE PROFITS

AS a result of nationwide
advertising program, synchron-
lied with an aggressive sales
campaign, the. earnings Of Kelvi-
nator Corporation in the quarter
ended last June 80 show a very
substantial increase over the
same period last year, according
to G. w. Mason, president, who
added:
"This cO-Ordinated effort was
launched during the dark days
of the recent banking holiday
and gained increasing mOmen-
tum as sales began to pick up.
During the remaining summer
months, which normally regis
ter a marked falling off in
electric refrigeration sales, the
present sales activity not only
will continue, but will be en-
larged. July shipments through
the 21St of the month are in
excess of the shipments for the
entire quarter ending Septem-
Der 80, 1882"
The Kelvinator Corporation re-
ports net income of $1,414,564
was reported, after all charges
including reserves for Federal
income tax. This compared with
$730,002 in the corresponding
period of 1882. Net loss for the
quarter ending March 81, 1888,
was $330,688 and net earnings
for the nine months ending June
80, 1888, are $622,82 as compared
with $61,718 for the nine months
ending June 80, 1882.
Net working capital is $7,152,-
127, of which $3,956,080 is in
cash and marketable securities.
The above items do not include
cash in closed banks.
The Washington times., 1933-07-27
FUTURES
MAKE BROAD
ADVANCE

CHICAGO, July az U.N.S0.
Another broad buying movement
was on in grain here today.
values scoring gains Of 212 to 70
in a huge turnover.
Bullish crop news and lack OF
pressure featured the rise.
Near noon values were near the
top, wheat futures being AZ to
SC up; corn, 212 to 3Ac i'm
proved; oats, ga to sac higher
and rye, 5 to &c up.
July wheat hovered around
$1.02 with May raound $1.14
early. May corn sold above Tic.
Futures we're sharply improved
at the opening when prices were:
Whea t-September, $1.03k@
$1.o5; December, $1.07l2 q 1.09;
May, $1.13@1.14.
Corn-September, 59@60hc:
December, 66h@671ac: May, 72h
@73c.
Oats-September, 44h@45Bc;
December, 49@49Ac; May. 5SA
@531ac,
The Washington times., 1933-07-27
Drug, Inc., DiscLOses
Subsidiary Profits

Drug Incorporated, a subsidiary
of which operates several stores
here, reports profits contributed
last year by its principal oper.
ating subsidiaries, in connection
with their proposed reeStablish-
ment as independents.
Sterling Products had net
profits of $9,348,314, equivalent
to $5.34 a share on the stock to
be outstanding upon consumma-
ton of the plan; Bristol-Myers
Co., profit Of $2,447,130, or $3.49
a share; Wick Chemical, profit of
$2,625,761, or $3.75 a share; Life
Savers, Inc, and Pine Brothers,
Inc, profit of $888,257, or $3.50 a
share; United Drug, net loss of
$2,451, ,437,
The Washington times., 1933-07-27
BUSINESS GAINS
IN D. {. AREA

The report of the Federal Re
serve Bank at Richmond today
shows wholesale business in the
Fifth District in several lines bet
ter for June and for the first six
months this year better than in
the like 1892 periods.
Increase of 6.2 per cent for
groceries, 86.7 per cent for dry
goods, 500 per cent for shoes and
39.2 per cent for hardware were
shown in the June figures while
drugs showed a decline of IL per
cent.
For the six months, dry goods
were up ISL per cent, shoes S.8
per cent and hardware TT per
cent, with groceries declining Sc
per cent and drugs Is per cent.
Groceries was the only line to
show an INCREASE in June as COM
pared with the month of May
this year.
Stocks on hand June 80, 1888,
were lower than for the same
date last year in all lines except
dry goods.
The Washington times., 1933-07-27
IS MIXED.
ANDLOWER
At CLOSE

NEW YORK, July 81 QNS).
The curb market turned irregu-
larly lower in the late trading
today as heavy profit-taking in
the alcohol, utility, and mining
issues more than offset individual
strength in scattering of special
ties.
The drop in the wet shares
came after an early buying wave
had carried this group well above
previous cloSings.
Mining stocks we're unsettled
by the refusal of the Treasury to
forbid the export of gold.
The Cities Service list slipped
fractionally. Leading utility is
sues also were easier as the ses-
sion neared its close.
The Washington times., 1933-07-27
DOHERTY BOWS
To NEW ACT

Henry L. Doherty & Co. will no
longer sell directly to the public"
securities Of the company whose
name has been synonymous with
Doherty'S since it was organized
% years ago-Cities Service.
A brief statement by the COM
pany announced that in the
future it will handle only securl-
ties of corporations with which it
has no direct management con.
nection, and sales will be con-
fined principally to Government
and municipal bonds.
The vast utility empire, con.
trolling more than 100 subsidiary
companies operating in 80 States
and many foreign countries, is
controlled by Henry L. Doherty
himself, through ownership of a
block of prior voting stock.
Securities of Cities Service Com
paiy and its subsidiaries will be
handled by an investment COM
pany nov in process of organiza-
tion by former employees of Henry
L. Doherty g. Co.
The Washington times., 1933-07-27
Profits Increased
By Standard Brands

Standard Brands Incorporated
and subsidiaries report for the
three months ended June 80 net
income applicable to the parent
company of $3,567, ,139, equivalent,
after surplus credits and charges
and preferred dividends, to 27.24
cents a share on common stock
outstanding.
This compares with $3,18O,059
or 1926 cents a share on COM
mon stock outstanding for the
first quarter of this year and
with $4,0O6,992 or 1854 cents a
share for the corresponding quar-
ter of 1882. After dividends and
charges, the surplus for the Sec
ond quarter of this year was
$541, ,433 as compared with $136,.
083 for the second quarter of
1892.
The Washington times., 1933-07-27
CARRIERS LEAD
IN LATE BOND
DEALINGS

NEW YORK, July 81 GN.s).
A continuation of aggressive buy
ing in speculative rail obligations
was the outstanding feature If
late bond market dealings today,
despite irregularity in other Sec
ions of the list.
Closing gains in the carrier
group ranged from one to more
than three points.
Foreign government loans were
unsettled by the break in their
currencieS.
Demand for motion picture
bonds was a late feature in the
domestic group.
U. S. Governments were irregu-
larly lower with losses ranging up
to 5-32 in the treasury 3hs.
The Washington times., 1933-07-27
Lincoln Life Agent
Here in Sales Van

E. v. McNair, local agent Of
the Lincoln National Life Insur-
ance Company, has been notified
by Arthur F. Hall, president, that
he be placed fourth among COM
pany representatives throughout
the country in total of paid busi-
ness for the first six months this
year.
Mr.. McNair reports that new
annuity premiums for the period
were 40 per cent higher than a
year ago,
The Washington times., 1933-07-27
METAL MARKETS

NEW YORK, July 27 G.N.s). THE
Domestic copper market continued quiet
and featureless today, with the price un-
changed at cents a pound delivered to
the end of October. 1t is suspected in
trade circles that some resale metal
might be had under the 9-cent basis,
but apparently 1t is very limited in
supply.
Copper buying was in fair volume
abroad. with the price slightly lower at
S.625 cents a pound elf Hamburg,
Havre and London. as against S.s5 cents
yesterday.
Demand for lead was limited to car
lots for prompt shipment. The price
continued unchanged at $50 cents
pound New York and ABS cents St. Louis.
Zinc buying was quiet, with prime
western zinc unchanged at 5 cents
pound East st. Louis.
The Washington times., 1933-07-27
Exports of Wheat
And Corn Decrease

Exports of wheat (including
flour as wheat) from United
States and Canadian ports, as re-
ported to Dun & Bradstreet, Inc,
for the week ended July %, 1888,
totaled 2,575,44 bushels, as COM
pared with 3,738,840 bushels in
the previous week and 4,816,406
bushels in the corresponding week
Of last year.
Corn exports for the week
were 1000 bushels, compared with
1000 bushels in the preceding
week and $4,000 bushels last year.
The Washington times., 1933-07-27
NEW YORK PRODUCE

NEW YORK, July 27 GN,sD,-But-
ter. easy. Sailed and unsalted, cream
cry, higher scoring. 23h@25Ac; cream
cry, extras. 23A @24Ac; creamery,
firsts' FIX 92S%c; ladies. fresh, extras,
Cheese - Demand fair. Wisconsin,
whole milk, fancy young amns, 15h q
Eggs-steady. Nearby white. spe-
cials, 2OQ22hc; standards, 1S@19hc;
mediums, 1S@19hc; nearby brown, spe-
cials. 2o@26c; standards, 1914 919hc;
mixed, specials, 1S@21c; standards, Is
@17hc; firsts. 15@15A: seconds, 14@
141ac; medium, 12h @13hc; Pacific
Coast. white, fancy, packs, 24@25c;
standards, 93@2S1ac; mediums, 2OQ21c
Milk-Wholesale price $1.S8 per 100
pounds No. fluid milk within 2O1-21O-
mile zone.
The Washington times., 1933-07-27
North American Co.
IL Months Net DiDS

Consolidated income statement
Of the North American Company
and subsidiaries for the IL months
to June 80 shows 11,199,9O2 for
the common stock after all
charges, equal to STAT per share
on the average number of COM
mon shares outstanding during
the IL months.
In the preceding IL months the
company reported a balance for
the common of $19,557,331,
equivalent to $2.83 per share.
The Washington times., 1933-07-27
PROFITS ON ICE.
IMPROVED

Net profits Of the American
Ice Company for the quarter
ending June 80 were $42O,418,
comparing with $341,634 for this
period last year.
The company's improved cur
rent position is reflected in cur.
rent assets as of June 80 of $3,-
496,125 and current liabilities of
$2,055,918, comparing with cur
rent assets a year ago of
$3,754,500 and current liabilities
Of $3,800,477.
Bank loans amounted to
100000 compared with $1,900,00
a year ago. Cash item was
$808,6S6 compared with $713,4 ,495
last year.
The Washington times., 1933-07-27
CLOTH MARKET

NEW YORK, July 27 I.Ns).-with
first hands making little or no effort
to sell good and buyers inquiries lit
tie more than sufficient to keep them
posted, the coarse yarn cloths market
coninud quiet today
Secondhand offerings appeared in
smaller volume than in recent sessions
as holders tried to avoid depressing g
the market to any great extent.
Buyers, generally, were too much
occupied with the problems attendant
upon floor stock taxes, processing taxes
and labor clause adjustments to come
into the market for goods. Prices held
unchanged in first hands and second
hand concessions were not as sharp as
81 the previous day.
The Washington times., 1933-07-27
MONEY MARKETS

NEW YORK, July 81 IN.s).-Can
on the stock exchange and 1h per
cent on the curb. Outside call money
was unchanged at l per cent.
Commercial paper was unchanged at
IL to IL per cent for prime names.
Time money was unchanged at / to
IA per cent up to 120 days and IL
to u per cent for $50 and 1870 days.
The Bankers Acceptances market was
quiet with asking rates unchanged at
q per cent up to 45 days. u per cent
for 60 and 30 days y per cent for
100 days and / per cent for $50 and
$50 days
The Washington times., 1933-07-27
Business Failures
Increase for Week

The number of business failures
in the United States for the week
ended July 20 was 366, as record
ed by Dun & Bradstreet, Inc,
compared with 343 defaults for
the preceding week.
A year ago the number was 636.
The Washington times., 1933-07-27
AMERICAN WATER NET

American Water Works and
Electric Company for the year
ended June 80 reports net earn
ings equivalent, after payment Of
preferred dividends, to SLOT
share on its common stock, COM
pairing with $2.42 a share for the
year ended June 80, 1882.
The Washington times., 1933-07-27
WOOL MARKET

NEW YORK, July 27 S).-Wool
firm; domestic fleece, unwashed. Ohio
and Pennsylvania. 26@S5c domestic.
pulled, secured basis, 65@77c; domestic,
Texas clean basis, 60@77c; domestic,
territory. clean basis, 60@7Sc.
The Washington times., 1933-07-27
NAVAL STORES

NEW YORK. July 27 N.N.s).-Lin-
seed oil, per h., lie carlots. Turpen-
tine steady. 4sH @50c. Rosin steady.
common, 502hc.
The Washington times., 1933-07-27

(al Optional cash. (b) Partly extra Lcl Extra
cash. (d) Extra in stock (e) Paid this year
(hJ Payable in stock (m) Payable scrip. (n) 81 in
(ww) With (xw) Without warrants
('l Ex-dividend 81 Ex-rghts
Dividend in dollars in parOnthesis (Note) Extra
dividends published Though regular dividend period
Red Lodge daily news combined with Carbon County news., 1933-04-12
COMMISSIONERS PROCEEDINGS
SPECIAL SESSION

I~A ~ wv
The Board OF County Commission
ers met in special session, pursuant
to advertised call there being rres-
Bowler and John Norm'le, Commits
sioners; and c. f. Thompson, Clerk.
The Board of County Commission
ers instructed Mr.. E. p. Conwell,
County Attorney, to write Garrett &
Shoemaker, Inc, in regards to their
public liability and property damage
insurance and to fini ont whether or
not they were ready and willing to
make proper settlement or adjust
ment Of the damage caused by their
truck crashing thru the Carlson
Bridge and the fire resulting there
from.
Mr.. John Craig was instructed to
oversee and take charge Of the work
Of cleaning out the old piling, etc,
remaining Of the Carlson Bridge, la
Dor for the same to be furnished by
the Carbon County Emergency Relief.
Replacement of the Bridge was
generally discussed and action de-
ferred until further information can
be obtained, and until the Board can
communicate with the State High
way Commission, as ut a later date
the Commission will no doubt take
over the road leading TO said bridge,
and they may at this time be inter-
ested IN the specifications, etc, Of
the same.
Nothing further to come before the
meeting, a motion was made and sec
onded to adjourn. Motion carried.
]. M. ANDERSON,
Attest: c. f. Thompson,
Clerk.
Red Lodge daily news combined with Carbon County news., 1933-04-12
NOTICE OF SALE OF TAX TITLE
PROPERTY BY THE COUNTY

Notice is hereby given that the
Board of County Commissioners Of
Carbon County, Montana, will sell al
public auction to the highest bidder
at the front door of the Court House
in the City OF Red Lodge, Carbon
County, Montana, on the 18th day OF
April, 1888, at 1:l5 o'clock p. NJ. all
the right. title and interest of Car
bon County and the State of Mon
tana in and TO the following described
real estate situated in Carbon Coun-
ty, Montana, to-wit:
Lot Numbered Nine 90 in Block
Numbered -Four Cd in the Orig
inal Plat of the Town of Joliet,
Carbon County, Montana.
Appraised Value Fifty Dollars, $4,000
Such sale may be made for cash, or
on such terms as the Board of Coun-
ty Commissioners may approve; pro-
vided however, hat if such sale is
made on terms, at least twenty per
cent (20%) of the purchase price
shall be paid in cash at the date Of
sale and the remainder may be paid
in installments extending over a per-
iod not to exceed five years. and such
deferred payments shall bear interest
at the rate of six per cent (6%) per
Dated at Red Lodge. Montana.
this 7th day of March, 1888.
BOARD OF COUNTY COMMITS
SIONERS OF CARBON COUN-
TY, MONTANA.
BY c. E. Thompson.
107 County Clerk.
First publication March 1898.
Fifth publication April IL, 1888.
Red Lodge daily news combined with Carbon County news., 1933-04-12
OF SALE OF TAX TITLE
PROPERTY BY THE COUNTY

Notice is hereby given that the
Board of County Commissioners Ct
Carbon County. Montana, will sell al
public auction to the highest bidder,
at the front door of the Court House
in the City Of Red Lodge, Carbon
County, Montana, on the 18th day OF
April, 1888. at 1:20 o'clock p. M, all
the right, title and interest of Car
bon County and the State of Mon
tana in and to the following described
real estate situated In Carbon Coun-
ty, Montana, to-wit:
The Southwest Quarter of the
Southwest Quarter of Section 26
in Township 3 S. Range 81 E.
Appraised Value Fifty Dollars, $50 90.
Such sale may be made for cash, or
on such terms as the Board of Coun-
ty Commissioners may approve: pro-
vided however, that if such sale Is
made on terms, at least twenty per
cent (20%) of the purchase price
shall be paid in cash at the late OF
sale and the remainder may be paid
in installments extending over a per-
iod not to exceed five years, and such
deferred payments shall bear interest
az the rate Of six per cent (6%) per
n
Dated at Red Lodge. Montana,
this 18th day of March, 1888.
BOARD OF COUNTY COMMITS
SIONERS OF CARBON COUN-
TY, MONTANA.
BY C. z. Thompson.
los County Clerk.
First publication March 1888.
Fifth publication April II, 1888.
Red Lodge daily news combined with Carbon County news., 1933-04-12

ca, as ship ballast. In the Niagara
Falls region it is converted into
ferro-chrome and sold to manu-
facturers of stainless steel.
On the basis of a laboratory
analysis of chrome concentrates
produced at the Montana School
of Mines in Butte from ore sup
piled from the Pick claim in Car
bon county, f. M. Bardwell, sup
erintendent of copper refineries
from the Anaconda Copper Min
ing company, last year reported
that making "ingot steel in an
electric furnace utilizing steel
scrap and Montana chromite or
ferro-chrome produced therefl ON
- is technically feasible and is
probably the best if not the only
economical method of developing
the tremendous chromium deposits
that r available in Montana"
Red Lodge daily news combined with Carbon County news., 1933-04-12
CHROME OPERATION
CONTINUED from Page u

lContlnued from Page ID
and Frank Jacoby, all of Billings;
William Larkin of Red Lodge,
Charles P. Cotter of Helena, E. S,
Bardwell of Greas Falls. L. B.
Hubbard and H. B. Blair of Liv-
ingston.
Working capital to be invested
in the first production unit on
Rock creek is said to be 900.
1t is planned to build the first
plant with a capacity of 80 tons a
day, the capacity and extent Of the
layout to be increased as the
market justifies.
AS for the market, Mr.. Hubard's
information is that the use of
chrome in steel production has in
creased so per cent since 1929, in
spite of the economic depression.
AT the present time the United
States Uses rs per cent of all
chromite mined in the world. To-
day, only 2 of one per cent of the
worlds chrome supply is mined in
the United States. Most chrom-
ium now comes from South Afri-
Red Lodge daily news combined with Carbon County news., 1933-04-12
NOTICE OF SALE OF TAX TITLE
PROPERTY BY THE COUNTY

Notice is hereby given that the
BOARD &C County Conirt@si "ers 81
Carbon County, Montana. will sell at
public auction to the highest bidder,
at the front door OF the Court House
in the City Of Red Lodge, Carbon
County, Montana, on the 18th day Of
April, 1888, at 1:25 o'clock p. NJ, all
the right, title and interest Of Car
bon County and the State OF Mon
tana in and to the following described
real estate situated in Carbon Coun-
~, Montana, to-wit:
Lot Numbered Two (2) in Block
Numbered Seventeen QD In the
First Addition to the Town of
Belfry, Carbon County, Montana.
Appraised Value Fifty Dollars. $50. 90.
Such sale may be made for cash, or
on such terms as the Board of Coun-
ty Commissioners may approve: pro-
vided however, that II such sale is
made on terms, at least twenty per
cent (20T) of the purchase price
shall be paid in cash at the date of
sale and the remainder may be paid
in installments extending over a per-
iod not to exceed five years. and such
deferred payments shall bear interest
at the rate Of six per cent (6%) per
mum.
Dated at Red Lodge. Montana,
this 7th day of March. 1888.
BOARD OF COUNTY COMMIS-
SIONERS OF CARBON COUN-
TY, MONTANA.
BY c. E. Thompson.
109 County Clerk.
First publication March 1898.
Fifth publication April u, 1888.
Red Lodge daily news combined with Carbon County news., 1933-04-12
NOTICE OF SPECIAL ELECTION

Notice Is HEREBY given by the UNI
dersigned, Clerk OF School District
NO. of Carbon County, State OF
Montana, that under and pursuant Ia
a certain resolution duly adopted nj
a regular meeting of the trustees az
said school district held on the 9Th
day OF April. 1898, a sreclal election
OF the legal voters of school district
NO. l of Carbon County, State of
Montana, who are taNpaying free
holders In said school district. VIII be
held at the Field School Building IN
said school district. in the CITY n
Req Lodge. Carbon Couaty, State of
Montana, on the 22nd day of April.
1888, for the purpose o. voting upon
the question whether the Board nf
trustees of said school district shall
be authorized to make a levy II
twelve mills taxes IN addition to rhe
regular ten mill levy new allowed by
law Tor the purpose oi maintaining
the schools of said district for nine
months during the ensuing year.
The polls viii be open from 200
O'Clock =. NJ. until 900 o'clock p. M.
on said day of election.
Dated this 9th day OF April, 1898.
CARL j. pELO,
Clerk of said Scnool District, No.
/, of Carbon County. Montana.
First publication April II, 1888.
Second publication April 10, 1888.
Red Lodge daily news combined with Carbon County news., 1933-04-12

much disappointed in not seeing
Santa Claus, as everything looked
so Christmasy up that way.
Ray Walker was reelected
school trustee at the election held
here the first of the month.
Mrs. Ed Miller, nee zelda
Youst, of Hardin was a weekend
visitor with her parents, Mr.. and
Mrs. Albert Youst, the first of
the month.
Frank Clark spent Sunday with
his sister and brother-in-law. Mr..
and Mrs. Ray Walker.