davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-05-28
BANKERS OPPOSED
TO GUARANTY PLAN
Financiers Disturbed Over
Provisions of Measure
Passed by Congress.
Special Dispatch to The Star.

NEW YORK. May 27-The section
of the banking act that is keeping
bankers awake nights deals with the
guarantee or insurance Of bank de-
posits They are terribly afraid of it.
The idea is popular throughout the
country.
One of the possibilities of the enact
ment of the law that insures bank de-
posits is the driving out of the Fed
eral Reserve System of some of its
most important members. The ad
vantages and disadvantages of re-
manning in the system, if the insur-
ance section of the banking bill be-
comes effective, are being carefully
weighed. The liability of insurance is
likely to be heavy. This, taken by it
present privileges and carry on their
business in that conservative manner
which they regard as the best guar
antee of the safety of their depositors'
Another complicating question forced
by the bank insurance proposal is the
position which non-member banks will
have If the requirements of the law, as
now framed. are rigidly enforced. OBJ
viously an insurance system that Is to
be successful must first of all require
a high degree of solvency among those
institutions that are to be parties to it.
A member of Congress who opposed
the insurance plan claims that not
over one-third of the 10000 State banks
in the country would be able to qualify
for membership in the insurance fund.
His argument is that an examination
of their assets would reveal a deprecia-
tion in relation to capital and surplus
that would not permit them to enter
the Federal Reserve System if the pres
ent requirements of membership are to
be maintained. The Glass bill gives
State banks the privileges of the guar
antee corporation If they join the Fed
eral Reserve or meet its requirements.
The other day an effort was made to
establish security holdings of banks on
what was termed "recuperative
value" for a period of several years
rather than on current market quota
tions. This suggestion was quickly
knocked in the head.
(Copyright. 1880
Evening star., 1933-05-28
NATIONS BUSINESS MOVES
FORWARD AT LIVELY PACE
Reports of Increased Sales, Production
and Employment Are Numerous.
Last Years Figures Topped.

era In business. This cartelization of
business. however, will not become con-
cretely evident for three months or so
after the passage OF the bill
May sales of department and speciality
stores will exceed those of either a
month ago or the same month last
year for the first time in two years,
despite persistent bad weather in many
sections of the country.
"The warmer weather this week and
the approach of Memorial day stimulat-
ed demand for seasonal wearing ap-
parel," according to the national survey
of Dun & Bradstreet Inc. THE steady
drift of the unemployed into earning
power is spreading buying interest to
lines formerly dormant, such as furni-
ture, house furnishings. radios. silver
and jewelry. Shoe sales in some of the
industrial centers are double the total
of last Spring.
I'm spite Of the high level at which
wholesale buying has been maintained
since the middle of April, this week
was one of the best of the year, with
both unit and dollar volume exceeding
the comparative totals of 1882"
From present indications wholesale
buying of Fall items Is expected to ap-
proach that of 1880, as many buyers
frankly are telling manufacturers that
their Autumn buying budget has been
increased 20 to 80 per cent.
The rise in general productive levels,
which is increasing employment. is due
not alone to new industries, which are
starting at an unprecedently rapid rate,
but to the reopening of plants long
closed or to the higher rate of opera
tions at factories that maintained
skeleton forces the last few years.
,Copyright 1881
Evening star., 1933-05-28
ADVANCE IN METAL
MARKETS IS NOTED
Copper, Lead and Zinc Move
to Higher Levels Dur
ing Week.
BY the Associated Press.


NEW YORK, May 27.-An advance
of "A cent per pound in asking prices
for electrolytic copper to the basis OF
II. cents In the Connecticut Valley fea-
tured the copper market late in the
week. Although consumers hesitated to
pay the higher quotation, no metal was
said to have been available at or under
the general asking price. Base prices
for copper wire were also advanced by
Il cent to "a cent There have been
no further developments with reference
to curtailment proposals, but the firmer
tone Is said to be reflection OF reports
of increasing consumption, domestic
fabricating plants having about dou-
bled operations to an estimated 40 per
cent of capacity rate.
Lead quotations also advanced, accom-
panied by an improved demand from a
greater variety of consuming inter-
ests. Brass fabricators were among the
more active buyers. while a good de-
mand was also reported from battery
makers and corroders extending into
July deliveries as we'll as for nearby
requirements.
Gradual but persistent advances oc-
CURED in zinc quotations rejecting,
however. firmness in sellers views
rather than improved consuming de-
mand. Dealers were moderate buyers
of limited offerings. Expectations Of a
firmer ore market and reports OF in
creasing steel operations were regarded
as contributing factors.
Tin quotations f1uctuated somewhat
irregularly influenced by changes in
sterling and London quotations. How
ever the undertone was about steady.
TIL plate mills increased operations
sharply to about 80 per cent of capacity
on increased orders from the canning
industry.
Evening star., 1933-05-28
Carloadings Cain
1890 Over Same
Week of Last Year
By the Associated Press.

BY the Associated Press.
The American Railway Association
announced yesterday that loadings of
revenue freight for the week ended May
20 were 531 ,618 cars, an increase of 523
over the preceding week and 1890 over
the same week in 1882.
Increases were shown by all commodi-
ties over the corresponding week last
year, with the exception Of less than
carlot freight and live stock.
Miscellaneous freight loaded during
the week of May 20 totaled 201, ,693 cars,
an increase of 1882 over the preceding
week and 8,044 over the corresponding
week in 1882; less than carlot freight,
165,976, an increase Of 1902 over the
preceding week. but 1912 below last
year; grain and grain products, 35,247,
a decrease of 3,700 under the preceding
week. but 7,480 over last year: forest
products. 2l.387. increase 1868 and
2,816; ore, 8,198. increase l,474 and
5,197; coal, 1886, decrease 1,400 below
the preceding week. but 1915 over 1882;
coke, 1897. increase 1863 and 796: live
stock, 1854. decrease 1857 and LOTS.
Evening star., 1933-05-28
GRAIN EXPORTS HIGHER
THAN IN PREVIOUS WEEK
BY the Associated Press.

BY the Associated Press.
Grain exports last week from the
United States amounted to 100000
bushels against $4,000 the previous
week and 2,774.000 the corresponding
week of last year.
Commerce Department figures gave
the following comparisons between last
week and those for the week before.
Wheat. 1000 bushels against 1000;
barley, $4,000 against none; corn.
$4,000 against $1,000: oats. 5000
against $4,000; no exports of rye were
reported for either week.
Canadian grain exported last week
from the United States ports totaled
507, 900 bushels against 428, 900 bushels
the previous week, while exports Of
North American wheat -four were
$4,000 barrels against $4,000 barrels.
Evening star., 1933-05-28
REWS|ONS IN TAX
LAWS ARE LIKELY
Senatorial Investigation Ex-
pected to Result in Con-
StructiVe Action.
BY DIR. MAX WINKLER.

Special Dispatch to the Star.
NEW YORK. May 27.-Regardless OF
the contention that senatorial investiga-
tions when business conditions are un-
satisfactory are likely to do more harm
than good, 1t should be borne in mind
that during times Of uncertainty it is
much easier to obtain public support for
whatever measures may be required to
correct existing evils, ABUSES and irreg-
ularities.
The National City Co. investigation,
conducted recently by the Senate Com
mittee on Banking and Currency, while
revealing some very unpleasant situa-
tions, is chiefly responsible for legis-
lation bettering the system Of originat-
ing and selling securities to the invest
ing public.
It is confidently expected that the
Morgan hearings will also result in the
adoption of measures of a constructive
character. particularly as they may re-
late to the present system OF income
taxes. Many Americans undoubtedly re-
sent the fact that the Morgan partners
UlaldgSQ 10 escape TIE payment VI
taxes in their own country for the last
two years, while they paid relatively
substantial amounts in Great Britain.
The reason for this. however. lies in
the difference in the tax systems Of the
two countries. The United States pro-
vides for the deduction on account Of
capital losses, which the English sys-
tenn does not. In other words, shrink
ages in ones securities holdings. pro-
vided bona fide" sales are effected. may
be deducted from income taxes in the
United States.
What form the proposed tax legisla-
ton will take Is too carly to say, but
it might be desirable for American leg
islators to study the English tax system.
Such study may furnish valuable help
in framing a tax law suitable for the
United States. The recently proposed
securities bill copied many features of
the British companies act, while the
johnson amendme ut relating to foreign
securities f1otations resembles closely
the provisions Of the corporation coun-
Gil of foreign bondholders of Great
Britain. There is therefore, no reason
why Americas tax laws should not copy
whatever may be desirable and satisfac-
tory in the British system.
Copyright, 1898, by North American News
paper Alliance, Inc)
Evening star., 1933-05-28
ECONOMIC RECOVERY
CERTAIN, SAYS K0HN
Construction League Head Says His
Organization Is Ready to
Go Forward.
By the Associated Press.

BY the Associated Press.
Robert D. Kohn. general chairman Of
the Construction League of the United
States, says national economic recovery
is bound to be realized soon If the pro-
visions of the national industrial re-
covery act are put into force enthu-
siastically.
Kohn says the entire construction
machine, for which he speaks-includ-
ing architects. engineers. material pro-
tors-is ready to go forward immedi-
ately with every phase Of the work so
that the maximum number Of men may
find employment this year. He added
that the league already has studies far
advanced toward the development OF
an acceptable code of fair competition
for the construction industry, such as
is contemplated in the bill.
Evening star., 1933-05-28
APPAREL INDUSTRY
IMPROVES IN EAST
Large Industrial Cities Are Lead
ing in Brisk Pickup of
Retail Sales.
BY the Associated Press.

BY the Associated Press
CHICAGO. May 27-Major indus
trial cities Of the East appear to be
leading the mems apparel industry in
its upward swing toward the plateau
of business revival.
Although brisk pickup in sales has
been reported from the National Asso-
citation of Retail Clothiers and Fur
nishers from nearly all sections, the
East has given evidence of the most
notable improvement
For April more than so per cent of
the members of the associations Busi-
ness Committee in the East indicated
an increase in sales over March.
For the entire country 81 per cent cf
the associations April reports show
business as good as March, against only
4 per cent in that category the pre-
viouS month.
Thirty per cent indicated April busi-
ness was better than March trade-an
evidence Of gain unequaled in many
Evening star., 1933-05-28
CLOTHING INDUSTRY
ORGANIZED
National Trade Association
Will Be Formed to
Plan Recovery.
Special Dispatch to The Star.

Opctldl DlSpdtSIi W Aic otdIs
NEW YORK, May 27.-The mems
clothing industry, for the last decade
bedeviled by declining raw materials,
cut-throat competition, overexpansion
of plant capacity and frequent style
changes. presents a more cheerful as
pect today.
The industry. in line with the sug-
gestionS of the national recovery act,
is forming a national trade associa-
ticn representative of 70 per cent of
the trades production. The 80 cloth
ing manufacturers who met in Wash
ington for this purpose have named a
committee which represents not only
New York, Chicago and Rochester. but
Baltimore, Cincinnati, Indianapolis,
Boston and other centers asswell.
Clothing manufacturers here say
buyers are anticipating wants more
than usual, as they realize higher cloth
wages will be compulsory. They are
urging buyers to emphasize other fac
tors besides price, such as quality,
durability. fast colors and style, in
selling the new garments.
Mems clothing buyers and boys
clothing buyers for the Associated
Merchandising Corporation stores are
holding their Fall buying sessions.
Three large groups have preceded this
one in the local market-Gimbel's
Stores. Affiliated Clothiers and the
Clothiers' Corporation. Some of them
have bought 25 per cent more than
they did year ago in order to pro-
tect themselves against further price
advances
Mills report brisk demand for all
sorts of sports wear, such as flannels
for trousers and jackets. From East
ern college campuses comes word that
gabardines in all colors are big sellers.
Mills look for an acute shortage of
tropical cloths this Summer. If jobs
increase, 1t will be Summer wear, in
Guiding palm beach, mohair and even
bathing suits, that will be first to feel
the greater buying power
Copyright, 1933)
Evening star., 1933-05-28
STANDARD OIL DIVIDENDS
, UP IN SECOND QUARTER

Special Dispatch to the Star.
NEW YORK, May 27.-Cash dvi-
dend payments by the companies Of
the Standard Oil group for the second
quarter of 1888 will exceed those paid
in the first quarter Of the year by ap-
proximately S2,0o0.O 600, according to
figures compiled by Carl H. PforZheimer
81 Co.. members of the New York Stock
Exchange. Aggregate disbursements by
the group for the current quarter are
estimated at s34.l60,l35, compared with
s32 1868 in the preceding quarter
and SAC 6,278,S73 in the second quarter
OF 1882.
The larger distribution for the sec
ond quarter, as compared with the first
quarter Of the year, is principally due
to the Standard Oil Co. Of New Jersey
having changed its dividend period to
q serrii-annual one from the quarterly
payments made heretofore.
Evening star., 1933-05-28
Construction Averages Higher.

NEW YORK, May 81 R.-F. w.
Dodge Corporation says that in the
week ended May % residential con-
struction in States east of the Rockies
accounted for $685., 300 of the total
for all classes which amounted to
sl6.388, 300. The daily average for this
months third week for residential
building was slightly better than for
the preceding fortnight. and there is an
indication that the May total may ex-
coed year 1go, making the first
monthly gain st1ice the Spring Of 1891.
Evening star., 1933-05-28
ASKS BANKERS TO STUDY
UTILITY HOLDING FIRMS
Special Dispatch to the Star.

Special Dispatch to the Star
SWAMPSCOTT, Mass. May 81
The place Of the utility holding COM
pany in modern business was discussed
before the National Association of Mu-
tual Savings Banks, in annual ses-
sion here. by c. F. Blanchard, public
utility editor of the Standard Statistics
Co., New York. He discussed the hold
ing companies critically, but not alto
gether unfavorably.
Mr.. Blanchard said that the interest
of mutual savings bankers in holding
company securities might not be di-
rect; as the laws eliminate holding COM
pany securities from the issues IN
which they may invest funds. But, he
said, they were directly interested in
the influence which the holding COM
panies may have upon operating utili-
ties. as practically every important
public utility venture in the United
States falls within one or another of
these groups. constituting a hierarchy
which dominates the industry"
Evening star., 1933-05-28
Gasoline Market Stronger.

NEW YORK, May n R).-Oil trade
quarters here say that a stronger tone
rules In the midcontinent gasoline mar
ket. On the lower brackets of United
States motor gasoline, 1t is said. the
price is up az cents . gallon. against
~ low q 1T-1%4 cents . week ago.
Evening star., 1933-05-28

reports Oh lllCftdS-
ing production and
distributicn-which
we're more uni
formly upw a r d
than any week in
the last three years
and steady gains
in employment in
centers devoted to
steel, automobiles.
textiles. ru b b e r,
shoes, leather. lum-
Der and essential
supplies of the
brewing industry.
Predictions b y
the iron and steel
men about the
business outlook.
Evening star., 1933-05-28
Trade Practice Code Planned.

AKRON. Ohio, May 27 Cp.-First
steps in drafting trade practices code
for the rubber industry were considered
here by representatives of the Legisla-
tive Committee of the Rubber Manu-
facturers' Association. The conference
will be continued.
Evening star., 1933-05-28
NEW BOND OFFERINGS.

NEW YORK. May 27 CP).-New bond
issues formally offered in the New
York market this week totaled $l0,-
177.o00 compared with 44.o00,0o0 q
week ago and $15,066,950 . year ago.
Evening star., 1933-05-28
BUSINESS IMPROVEMENT
TEST SEEN DURING JUNE
Special Dispatch to the Star.

@'0F7N&NS11 u" V11c NJNuI
BOSTON, May 27-In June. saws
the United Business Service, there win
be seasonal declines in many important
lines of industrial activity: the London
conference will be starting; Congress
will adjourn; and the first real test of
the quality Of the improvement in busi-
ness will take place. AS much of the
buying in the last two months has been
stimulated by imitation hopes or fears,
1t will slacken unless actual imitation.
or the continuation Of business better
ment, gives 1t support.
Evening star., 1933-05-28
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
n yEW YORK, May 27.-The slight
M hesitancy noted in general
VI business at the start of the
/ y week was quickly overcome, so
that by today the pace of trade
was fully as fast as that of a week ago.
Retail merchants in many sections of
the country planned special sales for
the Memorial day holiday trade.
The week was marked by numerous
Evening star., 1933-05-28

onded by chemical executives, helped
the general cheerful feeling at the
week end. Ali of these factors were
aided by the leading indices, such as
automotive production, steel operations,
car loadings and electrical output.
Daily some trade or group OF trades
prepared to handle future activities
under the provisions of the national
recovery act, which will mark new
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-11-29
AT THE MOVIES
Little Women Wins
High Praise in CITY

RKO-Radio's praiseworthy drama
tization Of Louisa NJ. Alcott's immor-
tai story Of the life. love. laughter
and tears OF fine old American
family in the Sixties wins a high
place in most anyone's best ten."
Unfolded last night at the Capitol
theater before an enthusiastic au-
dience OF little women and their
mothers and grandmothers along
with little men and big men, the
sweet fireside story OF another age
proved to be entertainment that
warns the heart and wins applause.
The show continues tonight and
Thursday.
The performance Of Katharine
Hepburn as 10 and that of twenty
other leading artists in amazingly
authenticated atmosphere gives the
whole production sense of being the
original book brought to life. with all
its characters loving, sorrowing and
rejoicing just as they do within the
aged pages.
It is evident that RKO- Radio has
spared no pains or brains to give this
| in its original appeal upon the. screen
The story and the backgrounds that
have been good enough for some
twenty million readers. an estimate
based on nearly two million sales OF
the volume, were considered good
enough for RKO-Radio.
The old Alcott home at Concord.
! Mass. the surrounding acres, and
backgrounds and scenes common to
the time were duplicated in minute
detail.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-11-29
'BOmbshelP Riot
Of Laughs; Jean
Harlow Triumphs

With Jean Harlow and Lee Tracy
as co-stars heading an impressive
cast, "Bombshell" opens tomorrow at
the Paramount theater to provide the
heartiest chorus Of laughs of all re-
cent film productions.
Adapted from the play by Caroline
Francke and Mack Crane, Bomb
shell" explodes all the unsavory ru-
mors and myths that have emanated
IN Hollywood.
Directed by Victor Fleming. it is a
raucous. hilarious presentation of all
these myths that have been woven
around film stars and the motion pic
ture industry and is ably interpret
ed by a noteworthy cast Of popular
players.
Jean Harlow is seen as Lola Burns
a glamorous film star who has been
made sensational by the imaginative
creations Of her press agent, Lee
Tracy, who has taken advantage of
her various international love affairs.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-11-29

Bacteria, yeasts and molds are the
most important causes Of food spoil
age. The yeasts and molds are easier
to kill than bacteria and do not cause
80 much trouble in canning. Botuli-
nus poisoning Is an example Of spoil
age that results from the action Of
bacteria.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-11-29

,cOLU MBUS sailed on the
SANTA MARIA with FIFTY.
TWO MEN The X-RAY was dis
covered by WILHELM KONRAD
Won ROENTGEN. German Scien-
Mn. JACQUES CARTIER was !
y1lElscn NAYIGATOR who dir
a - n laAwRENcB
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-11-29

The headache usually comes after
the liquor, but the states are l1av-
ing theirs before repeal is in effect
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-09-22
cpecial Services At
St. Johns Next Week

Special services will be held. al
St. Johns Lutheran church mex,
week from Tuesday through Fri
day nights, according to DR.. M
/. Stirewalt, pastor.
Special offerings will be taken
during the services to help defray
local expenses and benevolence.
Holy Communion will be ad.
ministered by the pastor Thursday
night.
All members of the church are
especially urged to be present fo1
the services. Visitors will be wei.
coined. Services will be in charge
of the pastor, DR.. M. L. Stirewalt
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-09-22

Rowan county cotton growers
will meet in the Court House here
Wednesday afternoon, September
u, at 2:3O for a discussion of the
cotton situation with M. G. Mann
CT Raleigh, secretary-treasurer OF
the North Carolina Cotton Grower.
Cooperative Association, as thu
principal speaker.
The price outlook, Agriculture
Adjustment Act and its effect or
the cotton farmer, the condition Of
the crop in the State, nation ano
world-these and other topics viii
be discussed by Nh. Mann.
The increase in the price Ct
things that the farmer has to buy
means hat present day prices Of
cotton will not leave him as much
money as he had last year en- six
cent cotton said Mr.. Mann in :
letter which he has mailed to al
seed and crop loan borrowers If
Rowan county.
Cotton" Mr.. Mann" said, ii
selling too cheap and there is every
prospect for an advance in THE
market, and not a single bale SHOULD
be sold at these prices
AT the meeting here one of
series Of 50 being held in the mail
cotton counties of the State, Mi
Mann will explain how the corto'
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-09-22
Cotton Farmers
u: OF Rowan Will
Meet Here 9th

cooperative can assist all cotton
growers in the holding of their
cotton, thereby enabling them to
benefit by any advance in price."
In his letter MI. Mann recalled
that those who took the advice Of
cooperative leaders and collateraliz-
ed their loans last year on the 9hc
basis made from SIS to $40 per
bale by so doing.
The meeting here is open to the
public in general and all are invir-
ed to attend.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-09-22

/. Who wrote Little Lord
Fauntleroy,'
2. What great French novelist
interested himself in the Dreyfus
case?
J. Who wrote the play, 1.-TWO
Gentlemen of Verona?"
4. Name the architect of the
Lincoln Memorial in Washington,
D. C..
5. Where is McGill university?
6. Does a drowning person al
ways rise three tines?
Z. In what state is the city of
Kenosha?
8. What is the annual salary of