davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-06-09
|PARLEY TO WEIGH
TARIFFS TANGLE
Trade Barriers Constitute
One of Most Vital
Questions.
BY CHAS. p. SHAEFFER,

Associated Press BUSINESS writer.
One of the major problems the world
will seek to solve through direct diplo-
matte negotiations at the World Eco
nomic Conference, which begins in Lon
don next Monday, is the question Of
trade barriers.
Throughout the international depres-
sion, since 1929, the variety and null
tiplicity of restraints on international
trade stand out. Generally, they have
been of two general types-those which
have an indirect effect on the volume
of goods exchanged across national
frontiers and those which affect directly
and Immediately the volume OF imports.
In the first classification are found
deprecated exchanges, or tarin walls,
from which the disturbance to interna-
tional trade relations may not be felt
at once. On the other hand such meas
ures as quotas, licenses, ETC., have an
immediate and direct effect on the
movement of incoming shipments.
France has been the pioneer in the
lesser known or quota type OF trade re-
striction, and has offered two reasons
for introducing it; namely, the need Of
correcting the balance of trade and the
need of preventing dumping.
The experience of France has been
that import quotas lead to reprisals and
serve merely as a starting point for
circle of restrictions all around. An
other disadvantage has been difficulty
of administering quota systems, while
its ever widening use, as exemp'ified by
extension in Germany and in many
other countries, has aggravated Its ef-
feet as a far-reaching element OF dis
location in international trade.
Evening star., 1933-06-09
Washington Produce
WHOLESALE PRICES.

Butter-One-p pound prints (93 score) ;,
25; tub, "a; one-pound prints (92
score), "a; tub %; one-pound prints
go score). %; tub, %.
Eggs-Governmen graded, extras, 49,;
standards, 16; mediums, 1879; current
receipts, 10a11; hennery whites, l2al3.
Poultry. alive-Turkeys, hens, 10;
toms, 8; chickens, Plymouth Rocks:
18a19; Leghorns, 14a16; hens, mixed
colored, 12a13; Leghorns, 10a11; capons,
25a28; roosters, SAT.
Poultry, dressed-Turkeys. hens, 13;
toms. II; chickens Plymouth Rocks,
21a22; Leghorns, 17a19; hens, mixed
colored, 15a17 LeghornS, 13al4; capons.
26a31; roosters, Sa10; Long Island
ducks, Is.
Meats-Beef, IL; veal. 10; lamb,
Spring Is; Fall, 13; pork loins, II;
fresh hams, IA; smoked hams, Is; strip
bacon, Is; lard, 81a; compound, 8.
Live stock-Hogs, light, 4.25a450;
medium, 450a475; heavy, 4.00a4.75:
pigs, 300a400; roughs, 1.50a3.00; calves,
3O0a5.00; Spring lambs. 5.Ooa70o.
ts-Watermelons, 35a75; can
taloupes, jumbos, 4.50; standards, 3.75;
ponys. 2.0Oa2 Is; Strawberries, 2.00a3.0 90;
blackberries, $50; huckleberries, 4.O0a
500; oranges, 250a3.75; lemons, 6.00a
O.UO, PCl 1OOs A'~oo~'oNs ShoPS-
fruit, 200a250; cherries, 12-pound
containers, 200; pounds 1.50; crates,
600; pineapples. 2.5Oa30o; alligator
pears, 3.0Oa4.0o; bananas, 75a2.50;
rhubarb, per dozen punches, 40a60.
Vegetables-PotatoeS, new, per barrel,
300a3.50 old, Maine, 100-pound sacks,
l25; Idaho bakers, 225; sweets, 5oa75;
kale, 40a50; spinach, 50a75; string
beans, 100a2.00; limas, 400; peas. Its;
squash, 1.25a1.50; cucumbers, ESQ; hot
house, 2 dozen, 1.25a2.00; tomatoes,
lugs, 2.0Oa2 SO; beets, per dozen punches,
40; carrots, per dozen punches, 50a60;
cabbage, 30a35; celery, 400; mush-
rooms, 3-pound baskets, Its; caulif1ow-
er. 1.75a2.00; peppers, $50; asparagus,
1.50a25O; lettuce, Iceberg, 2.50a3.00;
homegrown, 50a75; corn, 2.25; egg
plants, 500; turnips, per 100 punches,
3.00a40
Evening star., 1933-06-09

advertising advantage of the guarantee.
One element was left out of the cal
culations, however, and when the plan
was put into effect it upset the ealcula-
tions The average automobilist whose
tire is punctured Immediately removes
it and protects it from the damage re-
sulting from driving with a fat tire.
With a guarantee of new tire or tube
1t was found that this was seldom done
with the result that the majority Of the
returns were complete loss impossible
to repair and sell as seconds. The
public's readiness to shift responsibility
forced the abandonment of the uncon-
ditional guarantee feature.
(Copyright, 1880
Evening star., 1933-06-09
BONDS IRREGULAR
IN QUIET TRADING
Reich Obligations Decline
Sharply on News of
Moratorium.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June e-Irregularity
dominated the bond market today.
German SIS and rs dropped sharply
following the official announcement
that transfer moratorium had been
declared on all German obligations as
sumed before the banking crisis Of
July, 1881. The SIS sold 224 points lower
and the rs lost about points. A ten
ond hour Other less widely held Ger
man issues also lost ground. Before
the opening, cables from Europe re-
ported that Reich bonds were weak
there. Sales in most instances were
moderate.
Communications Weak.
Weakness in Postal Telegraph IS and
Western Union issues featured the do
mestic list, following the news that the
merger of these companies would not
be consummated. The former bonds
dropped more than points and the
latter scored varying losses. Interna-
tional Telephone SIS also slumped.
High-grade rail loans were firm.
Atchison general As, Atlantic Coast
Line Is and 412s and Union Pacific
As were leaders in this group. Sec
lower Chicago & Northwestern 434s,
St Paul adjustment SIS and Missouri
Pacific As were all lower. Nickel Plate
IS were two points lower at one time.
The downward movement in the rails
was continuation of the slump which
started on the rumor yesterday that
a reorganization of the Chicago g.
Northwestern was impending.
New York Issues Strong.
In the unlisted market issues of the
City of New York developed outStand-
ing strength, following the news that
the clearing house banks had agreed
to extend until December II some
S2O0, 900 900 of short-term obligations
falling due within 10 days.
Issues of the United States Govern
ment made mixed changes on mod
crate turnover The Treasury 33ss
of 1947 were firm, while other members
of the group were easy to steady.
Industrial bonds were steady to frac-
tionally higher Standard Oil OF New
York 41as, ST. Joseph Lead 5lss and
Shell Union Oil SIS gained fractions.
Most public utility issues held steady.
(Copyright 1933)
Evening star., 1933-06-09
BRAZIL TO RELEASE
$25, 100000 CREDITS
American Firms Will Receive Huge
Sum Withheld During Curb on
Currency Shipments.
By the Associated Press.

BY the Associated FreSs.
NEW YORK, June GA plan for
release to American owners of approx
imately $25 ,000, 900 in blocked curren-
cies in Brazil has been announced by
the American committee representing
the creditors
The agreement, which was approved
by representatives of the Brazilian gov
ernment, the Banco do Brazil and the
committee, provides that all American
firms having blocked or withheld bal
ances in connection with commercial
transactions not exceeding $4,000 may
receive payment within 80 days at the
full official rate Of 1873 milreis to the
dollar
American interest with balances of
not less than $4,000 are offered
monthly drafts, guaranteed and in
dorsed by the Brazilian government,
payable over period of six years.
The arrangement follows negotiations
designed to enable firms to gain posses
sion Of currency balances in Brazil
which have been unavailable since
Brazil's ban on shipments Of currency.
Evening star., 1933-06-09
BIG GAIN REPORTED
BY NATIONAL DAIRY
President McInnerney Declares
First Quarters Business Re-
fleets Sharp Improvement.
BY the Associated Press

BY the Associated Press
NEW YORK, June ~9.-Thomas M.
Mc1nnerney, president of the National
Dairy Products Corporation, said yester-
day that the company's business gen.
orally shows sharp upward trend, al
though first quarter profits were be-
hind the same period last year
A survey recently made of all mar
kets, he said, showed considerable i'm
provement with the exception of Wis
consin which still is unsettled.
The company declared the regular
quarterly dividend of 80 cents on the
common stock, payable July to stock
Jf record June 16.
Evening star., 1933-06-09
CHICAGO POTATO MARKET.

CHICAGO, June (P.-Potatoes-
Receipts, 78 cars; on track, 181; total
United States shipments, $50. New
stock, sacks, steady: barrels, dull; trad
ing moderate, supplies moderate; sacked
per hundred weight: Alabama, Louis
lana and Mississippi Triumphs, 2.10a
2.25; few, 2.30; decayed, 1.85a2 90;
North Carolina barrel cobblers, 3.25a
$40; decayed, 3.1oa3.20. Old stock,
Wisconsin weak, Idaho dull; trading
slow; supplies moderate; Wisconsin
round whites, 9oa1oo; Idaho russets,
few sales, 1.6oa1.65.
Evening star., 1933-06-09
METAL MARKET.

NEW YORK, June P.-Copper
quiet; electrolytic spot and future. 8.
Tin barely steady; spot and nearby,
44.75; future, $500. Iron quiet, un-
changed Lead firm; spot New York,
4.20; East st. Louis, 405. Zinc steady;
East st. Louis spot and future, l.S0.
Antimony, spot, 6.5A
Evening star., 1933-06-09
Lumber Output Increases.

PORTLAND, Ore, June @.-
Figures released yesterday by the Mer-
chants Exchange revealed the largest
amount of lumber was shipped from
Columbia River ports during May since
October, 1881. May lumber loadings
totaled 88,644,000 board feet, compared
with 53,060,000 during the same month
of 1882.
Evening star., 1933-06-09
A. & P. REPORTS SALES
TOTAL OF $61,524,707
BY the Associated Press.

NEW YORK, June 9.-Great Atlantic
g. Pacific Tea Co. estimates sales for the
four weeks ended May 27 at SCI. .524, TOT,
compared with $72,447,440 for the same
period last year. a decrease of Is per
cent Tonnage sales were estimated at
397, ,498 against 437,775 in the like 1882
period. Estimated sales for the 13
weeks ended May AZ were 1s7,56l ,675,
against $3.50, 739, 1896.
Evening star., 1933-06-09
NEW YORK EGG MARKET

NEW YORK, June 9 C49.-Eggs, a.
124 cases: weak. mixed colors. standards
and commercial standards, 1334; firsts,
121A; seconds, 111sa12; mediums. 80
pounds, 111a dirties, No. /, AZ pounds,
1la11h: average checks, 10a101z; stor-
age packed firsts, 13a131a.
Evening star., 1933-06-09

TOT any tire OF
tube sun sring from
such damage a new
one was to be I'M
m e d. i q t ly ex-
changed without
extra cost.
Cal lcula t | ons
based on past ex-
perience S h o W e d
that only q small
percentage would
normally. be re-
turned and that
these returned tires
could be recondi-
toned and sold as
seconds. It was
felt that this loss
would be more
A. -rzA l 49,
Evening star., 1933-06-09
MONEY MARKET.

NEW YORK, June 9 (P.-Money was
in good supply today and rates were
unchanged. Call money on the Stock
Exchange ruled at the old figure of
per cent, and in the outside call mar
ket funds continued available at y of
l per cent. Business was quiet in time
money and prime commercial paper
with the same rates holding over.
Evening star., 1933-06-09
New York Cotton
Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 9.-After an early
drop of 10 points, cotton prices today
advanced sharply IS points on reports
that hundred or two hundred million
dollars would be taken from the public
works fund for land leasing. Mills
bought back the cotton sold recently
and aggressive professional operations
pushed october above 91a cents, with
final prices Is to 18 points higher than
yesterday. Spots were advanced Is
points to 9.25.
Evening star., 1933-06-09
Chicago Grain
BY the Associated Press.

BY the Associated Press.
CHICAGO. June 9-Sensational re-
ports of extraordinary deterioration of
the oats crop because of abnormal tenn
peratures brought about a decidedly
active and higher market for all grains
today.
A return Of intense heat in the
Southwest with no indications of mois-
ture relief was late bullish factor as
to wheat All deliveries of oats sold
at the highest prices since December,
1881.
Wheat and oats both closed strong,
1Aa21s above yesterdays finish, corn
1Aa2 cents up, and provisions un-
changed to a rise of IL cents.
Evening star., 1933-06-09
Airlines Report Gains.

CHICAGO, June 8 (P).-Two airlines
yesterday reported increases IN pas
sengers carried last month. American
Airways announced 1t carried l0,272
passengers, an increase Of 81 per cent
over April. Eastern Air Transport car
ried $3.50, against 5,209 in April.
Evening star., 1933-06-09
More Flour Is Milled,

MINNEAPOLIS, June 9 CP).-General
Mills, Inc. announced survey of go
per cent of flour mills in principal CEN
ters showed an increase for May. The
survey said $500. .085 barrels we're milled
in comparison with 5,224,780 in May,
1899
Evening star., 1933-06-09
Wc erirrton Stock Exchange

VT" "'sFFIFHIU!I ''FNik ENGIIdIf9C
SALES.
Potomac Electric go pfd.-5 at ITO, 10
at ITO.
Washington Gas 51aTo pfd.-6 at 1861,
at 1861, at 1861, 5 at 1867.
AFTER CALL.
Peoples Drug Stores pfd.-10 at IS, 10
at IS.
Potomac Electric Cons 5s-$1 900 at
1o3, 81 900 at 1o3, 81 900 at 103, $4,000
at 103, $4,000 at l03, 81 900 at lob.
Potomac Electric 512 % pfd.-20 at lot,
II at lot.
R:I a-J AsLa1 pr;ras
Evening star., 1933-06-09
Dollar Makers
BY GEORGE T. EAGER.

II the causes of failures In business
could be openly discussed lessons
learned would be as valuable as those
resulting from a study Of successes.
Several years ago tire company
gave a guarantee with each tire pur-
chase. This guarantee covered all dam
age from puctures, stone bruises or cuts.
Evening star., 1933-06-09
Bond Issues Increase.

NEW YORK, June G4).-New bond
issues formally offered this week totaled
s6,735 900, compared with $5,140. 900 last
week and s6,260,673 in the 1882 period
Evening star., 1933-06-09
OUTSTANDING BANK
CREDIT INCREASES
Daily Average Volume Rises
Twelve Millions From
Last Weeks.
BY the Associated Press.

BY the Associated Press.
The daily average volume of Federal
Reserve Bank credit outstanding during
the week ending June 7, as reported
by Federal Reserve Banks was s2,220,-
600, 900, an increase of $4,000, 900 COM
pared with the preceding week and a
decrease of $276,00G, 900, compared with
the corresponding period of 1882
The weekly condition statement dis
closed that on June total Reserve
Bank credit amounted to s2,214, 900 900,
a decrease of S4,000,000 for the week.
This decrease corresponded with a de-
crease OF S45, 100000 in money in cir
culation and an increase of $35, ,0O0. 900
in Treasury currencysadjusted, offset in
part by increases of $37 ,000, 600 in mem
Der banks reserve balances and $40
100000 in unexpended capital funds
non-member deposits, etc.
Bills discounted decreased Sc 1000 900
at the Federal Reserve Bank Of Atlanta,
S4,000,000 each at New York and San
Francisco. and $25, ,000 900 at all Fed
eral Reserve Banks The systems hold
ings of bills bought in the open market
declined 100000, while holdings of
United States Treasury notes increased
ISIS, ,OOO,0 600 and of Treasury certificates
and bills $3,000000.
Combined resources and liabilities of
the IL Reserve Banks at the close of
business Yesterday were reported last
night by the Federal Reserve Board in
thousands of dollars as follows:
RESOURCES.
GOLD with Federal Reserve agents S2,7s7,07
GoTo redemption fund with U. s.
Gold held exclusively against 4o'o24
Federa1 Reserve Notes; 49,. 2,s32,59S
Ger efai -, Reserve a Board. 43e.613
Gold ana gold certificates held by
banks r............. 252.774
Total gold reserves. ... S3,521,9s5
otner casn S290,192
Total gold reserves and other
Redemption Fund-FederaI' Re- "''0i-'i
Bills discounted-s by d. s'z4%
other dafsT1ms1t Siis alseoanlsd Gsdsations
siiTs Total sausb, bills ID discounted sos ss7eesy
U. s. Government securities
Ponds ,............ S44I,103
Certificates oif s0'sa snd biils. s53,sSSs s53,sSs
Total U. s. Government securi-
ots:s flss sssulisis. sn''s5.sss 1883
Due from foreign banks. ... $50
FEDERAL Reserve notes of other
banks ............ 1929
Uncollected items s..... $4,000
bank premises ............ 54.312
All other resources ...-...... 49.300
Total resources ....... s6.4s5.5ao
LIABILITIES.
Federal Reserve notes in actual
- circulation ...... s3, 163.6s9
Federal Reserve Bank notes in
actual circulation ..... 1O4,SS4
Deposits-Member bank reserve
account ................. Sc, ,2O3,ss9
government ............. 32,173
Foreign bank 42,20S
Special deposits-member bank 9O,042
Non-member bank ~ 1871
Other deposits .........-... 44,732
Total deposits ........... .S2,432,615
Deferred availability items. 80. S32S,902
Capital paid in. n.-.............. 150,052
SURPLUS ............... 27S,599
All other liabilities. ies............. 26,7S9
Total liabilities . S6.4s5,53o
Ratio of total gold reserves and other cash
to deposit and Federal Reserve note Habili- |
ties combined. 6S:1 per cent,
Evening star., 1933-06-09

Ratio of total gold reserves and other cash
to deposit and Federal Reserve note Habili-
ties combined. 6S1 per cent.
Contingent liability on bills purchased for
foreign correspondents, S35,436
S"Other cash. does snot include Federal
Reserve notes or q banks own Federal Re-
serve Bank notes.
Evening star., 1933-06-09

All major crops In the Sac Paulo area
OF Brazil are breaking all records for
volume this season.
Evening star., 1933-06-09
/ and Asked Prices.
BONDS.
PUBLIC UTILITY.

PUBLIC UTILITY.
Bid Asked.
Amer. Tel & Tel. ctl. tr, 5s. 104s4 ..:
Anacostia Pot. r. r. S.. 42lz 44h
Ana & Pot Guar. IS ..... 30 81
C. & p. Tel of Va. 5s. . 102 ,,...
Capital Traction r. R. 5s... Al 4S
City & Suburban 5s. ....... 3s AZ
Georgetown Gas 1st 5s. 1924 104
Potomac Elec. Cons So $50. 1929 110
Potomac Elec. 6s 1858. ...... 1861 107h
WASHINGTON Gas 5S '5S. .... IS 80
Washington Gas IS 80. So. 1022 104
washington Gas 6S series B. 102i2 1031a
Wash. Rwy. & Elec. 4s...... S6h So
MISCELLANEOUS
Barber & Ross, Inc, 6i2s 55 ....
Chevy Chase Club 5l2s. .. 90 $50.
Columbia Country Club 5l2s. g5 ....
ID. c. Paper Mfg 6s ... 10 80.
w NJ. Cold Storage 5s. .... 80 80.
Wash. Cons. Title 6s. ...... .... As
Evening star., 1933-06-09
DIVIDENDS ANNOUNCED

NEW YORK, June 9 CP.-Dividends
declared:
Evening star., 1933-06-09
FOREIGN EXCHANGE.

Copyright, 1881
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-10
FEEDING THE HUNGRY

TT is evident from Federal Relief Admins
L traitor Harry L. Hopkins first six weeks as
almoner for Uncle Sam that the nations
100000 stricken families are to feel the
benevolent effects of the new deal.
Mr.. Hopkins has displayed remarkable
speed, skill, and insight in getting his new or
ganization into running order. Sworn in on
May %, already he has tapped the big La
Toilette Costigan S5OOOOO,OOO relief fund for
more than SCI 100000.
On the roll of those receiving grants on
the basis of one federal relief dollar for every
three state dollars are forty-five states, the
District of Columbia, Hawaii and the Virgin
Islands.
Only Wisconsin, New Hampshire and Della
ware remain out of the relief picture New
York and Illinois have beer given two grants
totaling about $11 100000 each.
Under the old relief loan act, the doles
often were inadequate Mr.. Hopkins has served
notice that states proposing TO keep their
needy families on a starvation" basis
need not look to the government for money,
There is no use letting people Starve slow
ly,' said he.
Cnder the old act some of the govern
ments money was distributed through pri-
vate agencies After August all federal money
must be distributed through public agencies.
In this way the government can keep track
of its funds and see that they are not diverted
to improper channels
Reports have come in that some relief
money controlled by private interests has been
used to intimidate the workers into refraining
from joining unions There have been reports
also of graft and racketeering
Mr.. Hopkins urges states to encourage the
placing Of union members on local committees.
Finally, he has ruled that federal money
can be given to prevent evictions. He makes
1t clear however, that rents are to be paid
only in case of necessity. The government he
declares, will not pension 100000 landlords
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-10
10, 1893
It Seems
to Me
: BY HAYWOOD BROUN :

NEW YORK, July 10.-The New
~ York Herald Tribune was not
impressed by the speech which DON
aid Richberg made to the Mer-
chants Association.
It seemed to the editorial writer
that Mr.. Richberg took too rough
a tone with the business men. "One
caught it comments. the distinct
touch Of the iron hand beneath the
velvet glove-and occasionally the
velvet seemed to be wearing a DIT
thin.
Those who now believe in CO.
operating with the New Deal adds
the Tribune, are hardly doing so
because they are frightened
Possibly not, but they certainly
were a scared bunch of babies only
four months ago
Shortly after the banks closed in
a body. ran into a prominent in
duStrialiSt and asked him about in
flation or the gold standard or what
not. I had to ask him something
to get his mind off his troubles. But
my friendly query as to the future
OF big business did not seem to cheer
him very much.
I see no hope. young man." he
said. There just isn't any way out.
All We know as civilization and the
economic structure has humbled.'
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-10
Too Soon to SaOagger

DUT I must admit that l have
II been irritated by the attitude
of certain business wizards toward
the brain trust" 1t is rot easy
to pardon arrogance in men upon
whose brow the cold sweat OF terror
is as yet but scarcely dry.
Who do they think they are? Ger
tain of the most Vociferous shouterS
against socialism" in the present
Roosevelt program are little fellows
who even now have raised no more
than their head and shoulders out
of the cyclone cellars.
If the velvet in the glove has
worn thin, l would see it much
thinner. I have very small faith
in the voluntary action of indus
trial leaders. Bankers could have
done quite a little to reform bank
ing a good many years ago. I fail
to remember that any of them
did it.
Even enlightened selfshness might
have sufdced to end child labor, but
there has continued to be a great
deal more Selfshness than enlight-
eminent.
There will be no deal worthy of
the name new" unless a determined
fight is made TO put it over. Al
ready certain advisers close to the
President are taking the attitude
that the worst is over and that we
can all return to the self same roles
which we played before the crash
in 1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-07-10
B0llQ Goes q Prospect

THAT was rather bad news for
Il me because I had to go on and
inquire as to whether he wouldn't
like to take a little flier in backing
an intimate musical show.
Three months later we met again
and my friend was festive. Even
an ineXpert accountant could tell
at a glance that things were no
longer in the sere and yellow as
far as he was concerned. And so I
repeated my former question about
the future of big business, just to
keep him in good humor. But he
was not quite as optimistic as I had
supposed
Everything would be fine" he
explained, IF only congress and
the President would keep their
hands off"
Il always say he added, that
we have too little business in gov
eminent and too much government
in business. Those fellows down at
Washington don seem to realize
that the prosperity OF this country
has been built upon individual in
itiative. If they would only keep
their hands off, think we might
have return to real prosperity in
an appreciate time"
I didn't have the heart to re-
mind him of the day I found him in
the valley of despair, but somebody
ought to keep reminding the cap
tains and the kings of industry that
when left to their own devices they
fell into the swamp up to their
necks and had to be hauled out.
realize that everybody who ever
has been rescued likes to forget
the part played by the emergency
crew with the ropes and the ladders.
There is a disposition to believe
that even if the cry for help had
gone unheeded he would have STUN
bled out some way or other.