davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-02-11

Today's cigarette price reduction had long been anticipated and tobacco shares thoroughly dis counted it. Hence when tho formal announcement was made shorts covered and the price of tobacco shares advanced. The reductions were forced. 1t was said. by in- roads of low-priced cigarettes which were seriously affecting sale of the popular brands.
 Car loadlngs rose 11,104 cars over tho preceding week for the week ended February 4. That also had been anticipated, but railroad shares continued strong with sev- eral issues in particular favor.
 Canada Southern. inactive issue, scared 15 1-2 points to A 1-2 on 10 shares. Atlantic Coast Line and Pennsylvania were in demand.
 Automobile shares were dull around previous closing prices. A piece of good news for that group was provided by Cord Corporation which declared n dividend of 10 cents share, the first dividend In that company's history.
 oil shares improved and were relatively active. The industry, ac- cording to It's leaders, has over come some of its difficulties that few weeks ago bade fair to de- moraliZe 1t. Proration laws are cording to word from Texas and oklahoma, and unfair methods of marketing and tax evasion are be- Ing eliminated.
 South Porto Rico was carried up to new high since 1881 to fea- ture the sugar shares. Westlng- house Air Brake was strong in the railroad equipments. Brooklyn Manhattan Transit met buyers in tho fractions.
 Copper shares held around the previous close in dull trading. Ana conda was given support following the death of It's chairman, John D. Ryan. American Smeltlng hrmed up after 1t was announced the company had withdrawn from Copper Exporters, Inc, m organi- zation formed to aid marketing op- crations of copper abroad. Business news at the week end showed n steady tone in major lines. New York City Bank clear ings were off sharply at $2,S0f,- 143,243, against S3,4Y9,140,G00 in the preceding week.
 During the week II banks sus- pended for reorganization or liquidation. tying up SiG,700, 0,000 in deposits, according to the Ameri- can bankers. In the correspondjnS week of 1932, closings totaled 37. | Closlngs for tho year to date total cd 292 with deposits of $165,2Ga,- | 900.
 The steel industry was reported holding steady at around 19 per l cent of capacity as the week drew to 0 close. Some districts register cd slight improvement over tho | previous week.
 Commodity markets were quiet. Grains were little changed, while cotton firmed up n few points. For | eign exchange fiuctuatcd narrowly. All financial and commodity markets here will cloGe Monday to celebrate Lincoln's birthday which l comes tomorrow. Markets in near ly all other cities also will close. Sales were 340,000 shares against 4l0,S4O shares last Saturday. Dow-Jones preliminary averages: Industrial 50.43 up 0.32; Railrond 2o.40 off 0.00; Utility 25.50 up O.05.
 Aggregate market value of 10 | leading issues was $j,269, ,020,5S2, against s5,23O, O,72S.397 yesterday, a rise of $38,202,1S5.
 New York. Feb 11--CUP)-Stocl aslcs on the New York stock cX- change to-day totalcd 340,000 shares. Curb sales were 60,000 l shares.
The Waterbury Democrat., 1933-02-11
"LEVERAGE' INVESTMENT TRUST STOCKS FLUCTUATE
 MORE RAPIDLY THAN MARKET
Study Shows That This Line Of Securities Appreciate An Average Of More Than Two to One In Last Fourteen Major Rallies.

ono elusS Of common stocks ot particularly volatile nature are tho so-cnlled "leverago" stocks of management investment companies which, according to n study made by Allied General Corporation, New York city, have appreciated more than twice aa faSt as the general market In tho fourteen ma for market rallies since the end of 1929
 lt iS on the basis of this recup- orativc power that sponsors of management investment company common stocks point to their spec ulative features, They explain thls feature of investment trust stocks Of this type along the following lines.
 These management investment companies have bonds or preferred stocks outstanding which rank ahead of their common stocks. A trust may have $i0,000,000 worth of assets composed primarily oi general market securities. If il has $5,000,000 of bonds and pre-. ferred stock outstanding, thit means that only $5,0000O0 of as' sets remain to apply against the common stock. If there are D. 000,000 shares of common stock outstanding, this means the assets applicable 10 tho common equal $l Il share,
 If the securities owned by this hypothetical $l0,000,000 trust ap- prcciate l00W, they then have . value of $20,0O0,000. But the trust Is still obligated for only $5,000,00O for its bonds and preferred stocks In other words, after deducting the $5,000,00 applicable to It's bonds and preferred stocks there now re- main $l5,000,000 applicable to the common stocks. This Is equivalent to $3.00 q share on the 5,000,000 common shares.
 Thus, while the trusts holdings appreciated only 100 per cent, the assets directly applicable to its common stock appreciated 200 per cent, The common stock asset value triplod while the assets of the trust doubled.
 It may appear that there Is some hocus-pocus about this thnig call nomnl. But as a matter of fact, NO 'I''hS hI' iVbily 'PN If is tho result of what has been called "pyramiding, putting to work for tho benefit of common stockholders money furnished by bond and preferred stockholders.
 In the last 3 1-2 years of dc. clining markets the common stock holders have suffered adversely as result of leverage, for the de- cline in the assets of investment trusts has been accentuatcd in the decline In the assets applicable to their shares. This Is because. como what may, the bondholdcrs and then the preferred stockholders have prior claim to the assets oi company. But in q period oi rising markets. after the claims oi the bondholdcrs and preferred stockholders are covered, the com. mon stockholders get the full bene. fits of any appreciation in the as. sets Of their company.
 In spite Of the fact that at pres. cnt there arc very few companies of this type which have enough as. sets to cover their bond and pre-. fcrred stock claims, so that there arc no assets applicable to tho common stocks, these common | stocks nevertheless have a mark et value. This Is because the com. Danies arc still operating and the
The Waterbury Democrat., 1933-02-11
STORM REDUCES
 COURT GALLERY
Rodriguez, Charged With Assault, Has His Case
 Continued
BONDS SET AT $l,OOO

Manuel Rodriguez. 40, of 9l River street, arrested yesterday or n warrant alleging assault, ob- tnlncd IL continuance until next Tuesday morning when arraigned In police court this morning. He was released under bonds of Sl,O00, The accused is alleged to have used an axe in effectively settling an argument with m acquaintance Tho lattor was unable to appear in court to-day.
 As a matter of fact the usual quota of a hundred or more daily visitors to police court were absent to-day; a fact which cliclted a comment from tho bench, "The storm has evidently cut down our attendance this morning" re- marked Judge r, V. Meyer, Less than five spectators were present,
 The only case actually tried was that of Herman Mitkowsky, ?7, Of 2l9 Plaza avenue, who was fined sJ and costs for passing q red traf- ilc light at the intersection oi West Main street and Thomnston avenue. Patrolman Gene Blodgett testified against the accused.
 Mitkowsky admitted that ho passed the light. but did go to avoid collldlng with two or three ma chimes. He realized his mistake, he said, and was about 10 back np when the officer told him "Nevel mind. You've passed the light" Milk owsky claimed that he tried to reason with the officer, but that the latter said "Tcll 1t to the judge"
 The case of A. J. Spirit, 2S. Of 1J7 Willow street, charged with passing q red light, was continued until Monday. The young man failed 10 appear in court this morning.
The Waterbury Democrat., 1933-02-11
CONSOLIDATED GAS ANNOUNCES CUT IN
 BALTIMORE RATES

naltimorc,-As n result Of nc. gotiatlons between the Public Service Commission of Maryland and the Consolidated Gas Flee trio Light and Power company Of Baltimore announcement Is made that the company will rec ducc It's maximum primary rate for domestic electric service in Baltimore and It's suburbs from seven cents gross (8.72 cents ncD to five cents net t0 f.i cents grossl per kllowatt hour.
 This reduction together with reductions of like amount In primary rates ln the domestic schedules for tho surrounding counties will be A saving tO the people of Baltimore and vicinity or S55O, 900 year, about one half of which will bc applicable tO the Company's earnings for this year. Tho company nc QuicsccS In the conclusion reached in tho negotiations,
The Waterbury Democrat., 1933-02-11
COFFEE IMPORTS FROM COLOMBIA
 GAIN IN l932
Over Thirty.twO Million
 Pounds More Than in
 l93l Imported By U. $.

Washington, D. C.. Feb H. United States imports of coffee from Colombia, s. A., for the year ending 1892 totaled 357,372,254 lbs for a new yearly record showing n gain of 32,563,359 lbs over the 324,s0s,359 lbs imported by this country from Colombia in 1881, or an increase of 10 per cent accord Ing to figures just released by the department of commerce..
 This new high record of 357,- 372,254 lbs imported in 1882 Is np- proximately 3,000,000, lbs higher than the previous record of 35d,- 114,023 lbs imported in 1880.
 Further figures reveal that United States imports of Colombian "milds" coffee in December 1932 were 34,2S7,s93 lbs as against 29,- 9l3,1l4 lbs for November and were higher than any other month of 1882 except tho 34,692,G56 lbs im- ported in January of that snmo year,
The Waterbury Democrat., 1933-02-11
WOOL MARK FyT

Boston, Feb II. UP)-The local daily wool market report issued to- day by the Boston Y. $. Agriculture department bureau follows:
 "The wool market was some what irregular but not distinctly lower. Wools of 5SS, eos qualities continued 10 ease slightly on little better. though very moderate turn over. Small quantities Of JiS and 4sS, sos territory wools moved at steady prices. Low i-4 blood wools were easier on small sales. The bulk Of .hc trade was on GAS and finer qualities at steady prices for principal offerings and at irregu- larly lower prices on odd lots and inferior wools.'
The Waterbury Democrat., 1933-02-11
Two Local Superior
 Court Justices Are
 Slashed In Salary
Judges Frank p. McEvoy and Arthur F. Els Will Drop From SI2,O0O to $lO,32O If the Economy Bill Goes Through

fact that tho elimination ut the free employment bureaus is called for in tho republican prepared budget for tho coming two years,
 Tho bill also concerns the hiring of assistant stonographcrs for the local superior court, It stipulntes that the official stenogaphor shnll hlrc an assistant only with the sanction of a judge of the court. [. also limits the remuneration for tho services of m assistant stenog- raphcr to SIP a day,
The Waterbury Democrat., 1933-02-11

e Hit by tho heaviest snowstorm ~of the winter, Waterbury was bat etllns against great odds this morn ~ing. Public utility companies were 8hampered. inter.city connections @by rail and bus were slowed up, .rauto traffic wns practically climi- enated, walking was made highly Uncomfortable and dangerous a'
 che snow, which began falling a'
 about 2 o'clock this morning, con
 tinued to pilo up. Whipped along -sby e brisk, cold wind, the snow ~stormed drifts which added 10 the @troubles of travellers, both on foot .aud fin vehicles.
 E officials of the Southern New
 England Telephone Company and q he Connecticut Light and Power Fscompany reported no damage from
 .he storm, This wns due to the
 'act that thu snow did not cling to
 Inc overhead wires,
 vThe Connecticut Company, how
 ever, was forced to battle against
 srent odds. PlouRhs and swCepcrs were kept going throughout tho ,llght and this morning on all the &rolley lines in an effort to keel ,ahe rails clear. But as fast ns the .gnow was removed 1t was followed .5y fresh covering,
 As Il result trolley service on all Ahc local lines was delayed con asidcrahly. And ns for the buses they found going on the local
 streets exceedingly difficult and llow. Schedules of the busset .Rorc also behind their regular
 siine. Hundreds going to work wore late ns result of the delayed
 service this morning. Tho trollcys running between this city and
 New Haven were also held up con sidcrably and intcr-clty travel was ..behlnd schedule.
 e The officials Of the Short lIno stated this morning ut g o'clock that they were right up 10 schedule spt that time, However, no prom slse of keeping the schedule be- .1wcon Waterbury and outside cities twas made us the storm persisted,
 Tho New York, New Haven and lIhriford Railroad Company had blows going throughout tho night
 keeping the tracks open, AS re- suit the trhns In and out Of inc
 city were on time, but the rnilrond
 officials wore lighting against great odds,
 s. Superintendent or Strecte wIhumns ]. FlGmlug was on the joh N,l lg th,a mOrnIUp, IT," bad plo"' Eou. on the mainly travelled sid" arstICets but the effectiveness 0, gthis work amounted 10 little or .nothing in the face of the heavy @dpwnfall. At s o'clock this morn ~ing tho depth of the snow meas. slIred between six and seven inches. aAt 2 o'clock IL had climbed higher EahA towards noon was continuing s-to mount,
 Superintendent FlemIng's men ewGro also busy i'll the center of tho r city clearing the highways in an { around Exchange place, He stated that as soon as the storm lets up, @he will swing about 300 men into sactlon with trucks to clear the -ccHtrnl streets and to plough out the outlying roads and streets
 flo was unablC this morning 10 sarstimatc what tho storm will cost vthe city, but it was figured that @the expense to the munIcipalIt@ swlil bo h few thousand dollars. AS @-fnY us possible the regular city .omploycs will be used on the snow \ removal work, he said.
 ~ Walking was exceedingly bad
The Waterbury Democrat., 1933-02-11
Stocks Kept Steady
 Throughout Short
 Session To-day
Cigaret War Between the Big Companies Caused Some Changes-ShOrts Covered and Tobacco Shares Made Advance

New York, Feb 1i.-(UP)- stocks maintained firm tone throughout the short session to- day in dull turnover.
 American Tabacco company and R. ]. Reynolds reduced prices on cigarettes and other major produc- CTS were expected to follow. The cut permitted one large grocery chain to reduce it's retail price to 1 o cents for n package of 2o-cigar- cites,
The Waterbury Democrat., 1933-02-11
WANTED TO
 BE FIREMAN

Boston. Feb ll.-(UP)-Henry Shea, 33. many times an unsuccesa- full candidate for the fire depart ment. has admitted sounding more than 100 false alarms, according to police.
 Arrested last night after alleged ly sounding two false alarms, Shea explained:
 "I needed the excitement be- cause I'm getting divorce"
The Waterbury Democrat., 1933-02-11
CAR LOADISGS

Washington Feb II. (CP)-The rAmerican Railway Association to- -day announced that carlOadings for
 the week of Feb amounted to @483,192 ears an increase of ll,104 sears over the preceding week.
 Total loading, however. were E9O,731 below the corresponding -week of 1892 and 235,S6l under sihat same week in 1881.
 e Miscellaneous freight loadings ~for the week Of Feb { tOtaled l52. 30G cars. decrease of 274 below Ethe preceding week. Loading Of z mere handlse less than c~rload lot sfright totaled 16i.sS0 cars an in ~crcasc of 1,2i2 cars above the pre- z ceding week.
The Waterbury Democrat., 1933-02-11
Dinner Meeting
 of WOmen's Clubs
Will Be Held in Hartford Next Tuesday
 Evening

Miss Anna E. Platt. president Of the Connecticut Federation of Business and Professional Womcn's s clubs will be among the guests at a dinner meeting of the Hartford League Of Business Women who will have the presidents of tho out standing business WOmcn's organi zations as guests Tuesday evening at G:3O o'clock in the Hartford Y. W. C. A.
 Dr Lillian NJ Gllbrcth of Mont clair. N. J.. noted research and con- sulting engineer, will be the guest speaker.
The Waterbury Democrat., 1933-02-11
.LincOln Day at Bunker Hill
Special Service at Church
 Tomorrow Morning and Afternoon

', The members of the Pequot club sand the Mems league of Bunker E SHilI Congregational church will at stcnd servicc in body at the Bun @ker Hill church at II o'clock to-
 morrow morning. The pastor, Rev w. Morcton owen will preach on ~the subject, "Thc Spirit of Lin-
 coln."
 In the afternoon at o'clock %therc will be memorial ycspcr .scryice for Spanish-American vet -nrans. and Clarence C. Davenport ~auXIllary. ltey ". Mor"ton will @preach on 'Truc Memorials" ' Friends of these organizations and kaH the people of Bunker Hill are Ainyitcd to be present.
The Waterbury Democrat., 1933-02-11
State Highly Convention

James Lawlor of this city presid- sod at the annual State Hi-Y con ~vcntiOn which opened yesterday @afternoon at Trinity college, Hart
 ford. with one hundred and twenty ..two boys from all parts of the state s-;i ssembled,
 = The local boy. president of the sState Hi-Y presided at the banquet Hast night at which President ' Remsen B. Ogilby greeted them on 4behalf Of the college. The boys ssattended the swimming meet yes- ~tcrday between Union and Trinity.
The Waterbury Democrat., 1933-02-11
No Mortgage Cut By Local Banks
New Britain Reduces Interest From Six to Five and One-fialf Per Cent

duction In interest rates from c 10 [ l-2 per cent on first mortgages.
 The reduction will become cf- fectivc March lSt. At present sew cral bills have been presented in the Inc general legislature advo- eating q reduction. savings banks arc specifically named. Loc9 bankers believe that this is more or less discrimination as no men ton is made Of individuals, mort gage concerns or commercial banks.
 Some concerted action is an- ticipated later among local banks.
The Waterbury Democrat., 1933-02-11

. lnquirles at local banks to-day
 { failed to result iu any definite z statements as to possible action Of z sayings banks following the lead
 z of three institutions in New Bri-
 a.tain, which have announced q re-
The Waterbury Democrat., 1933-02-11

common stocks represent what amounts to u call on the futuro welfare of the company. Such Il call, of course, is based upon the premise that general economic and market conditions will eventually improve,
The Waterbury Democrat., 1933-02-11
BOND SALES

New York. Feb. II - UPl - Bond Sales on the New York Stock Exchange today amounted tn Sf.7UO, 900.
The Waterbury Democrat., 1933-02-11

During the recent hurricane in .Iamnica S.OOO,10 banana tsees were damaged.
The Waterbury Democrat., 1933-02-11

On the llttr island of Sandy Point-whiCh once was connected to Ncwfoundland--7OO hnbitantS sought tho highest ground they could find In m attempt to escape cncron ching seas which pounded Rt their homes and hntS Ns terrific storms swept through the bay. The highest polnt on the Island Is only i've feet above the sea level. The high seas make aid for tho 700 residents next to impossible until the MNterS calm,
The Waterbury Democrat., 1933-02-11

PUBLIC UTILITY STOCKS Bridgeport Gas It Co. 40 13 Bridgcp't Hydraulic Co 20 20 Conn EIcc Service =. 42 4o Conn Gas X Coke com 12 14 Conn Gas & Cok pfd 46 Conn Vt X Pow 514 70
 DIu IVV Conn Vt X Pow 81s %
 pfd ............ llO Conn Power Co.,. 1512 AZ Conn Ky x Ltg Co com 53 Conn Ry & Ltg Co pfd 53 Hid Elect It Co com. 551a 57Ia Hid Gas It Co com. .. 45 Illuminating Shares 4. 441s 4OH New Haven Water Co 07 70 South N F. Tel Co. ..1O0 113
 INDUSTRIAL STOCKS Amn Hardware Co .. 12H 141 Bristol Brass Corp com $ Colts Pat Fire Arms Co $ 10 Eagle Lock Co ....... 15 ID Landcrs Frary X Clark. 10 Fl New Brit Mach Co com 3 Niles. Bcment- Pond
 com ............. North & Judd Mfg Co. 713 91a Peck Stow X Wilcox Co 3 ScOvilI Mfg Co ...... 1OH 12H Stanley Works Co com 10 TOringtOn Co ........ 2S 3l
 INSURANCE STOCKS Aetna Fire Insurance. 20 3f Aetna Life Insurance. 13H 15h Automobile Insurance. IS 17 Connecticut General. 23 25 Hartford Fire lnsur. .. jD19 41M Home Insurance .... IA 10 National Fire Insur.. 70 42 Phoenix Fire Insu. ..r 4715 5OM Travellers Insurance .345 jo0
The Waterbury Democrat., 1933-02-11
Closing Prices

turnlshcd by Boody, Mcclellan < Co.
Evening star., 1933-12-15


and chatterer the Red Squirrel
who is never slow in such mat
ters, had been quick to recognize
it, He watched Sammy Jay dis
appear in the direction OF Farmer
Browns. Then he sat in a favorlte
crotch of favorite tree to think Things
over
$50 my cousin, Happy JACK the Gray
Squirrel. is in high spirits and isn't
worrying any more, or so Sammy Jay
SAYS" thought Chatterer. He was
worrying enough the last time 1 saw
him. I never have seen him more
worried than he was then. If he ism
worrying now he must have found q
supply of food, though what he couio
find in the Old Orchard I cannot
imagine Here come the Happy Jacks
IoW. They don't see me. 1 don't want
them to. I learn a lot by seeing while
being unseen"
Happy Jack, with Mrs. Happy right
behind him, passed the tree in which
Chatterer sat. They ran as if they were
In a hurry. Chatterer watched them
out of sight. His bright little eyes
snapped. "They run as if they are in
q hurry to get somewhere" muttered
Chatterer. mo one is chasing them'
SO it must mean that they are after
something. They are headed for the
Old orchard. : There must be some
thing in that hint dropped by Sammy
Jay. I've got lot to do. ought 10
get the seeds out of lot OF those pine
Genes I gathered Just the same. /!
believe III run over to the Old Orchard
for a look around. It is long time
since was last there. There wasn't
anything there then Of special interest
to me. But If there is something there
surely will interest me"
Evening star., 1933-12-15


Secretary Wallace to- persuade the two
factions to compose their differences,
long before the dispute fiared into the
open. is evidence of this.
It was only when 1t became appar-
ent that the differences over policies
seemed hopeless Of reconciliation that
the President moved to end the con-
troversy.
He asked Peek to resign his post as
administrator Of A. A. "A. and take over
new division in the State Department,
created to open new markets abroad for
domestic, farm and industrial products,
on the basis Of the American demand
for imported wines and liquors.
It is necessary, perhaps, to under
stand something Of Peek's background
to appreciate the Presidents finesse in
this move. Peek's lifelong idea of farm
economics is the exportation of sur
piuses.
He was foremost among those who
carried on the three-year fight in Con-
gress for passage of the McNary -Haugen
farm relief bill. He was father Of the
plan for an export corporation to find
foreign outlets for some $4,000, 600