davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-03-28
CANADIAN SHIP
LINE CUT LOSS

The operating revenues Of the
Canadian National (West Indies)
Steamships declined only 89 per
cent in 1882 as compared with
1881, it was shown in the an
nual report of the company
tabled in the House of Commons
by R. j. Manion, minister of rail-
ways and canals.
The operating revenues amount
ed to $3,323,O77, or $325,9O8 un.
der 1881. Operating expenses
were $3,606,793, or $488,761 less
than in 1881, a decrease of 11.9
per cent. Operating deficit was
$283,715, a decrease of $446,568.
After providing for bond inter.
est and discount, depreciation,
and interest on notes held by
government, the total book def
icit for the year was $1,293,014
compared with $1,345,361 in 1881.
The income account was ad-
Versely affected by the payment
of bond interest in United
States funds, on which the ex-
change cost amounted to $751;
337 in 1882.
The Washington times., 1933-03-28
COTTON STEADY.
At FORMER
LEVELS

NEW YORK, March % GN.S).
Cotton futures displayed a steady
tone today at levels about in line
with previous closing prices.
An overnight accumulation OF
trade buying orders combined
with some professional and Wall
Street buying was offset by scat.
tered selling from the South and
spot firms. Brokers acting for
the Far East were moderate sell.
ers of october contracts.
The New York Cotton Exchange
service reported that cloth busi-
ness in the domestic market was
only in fair volume during the
past week.
The weather map showed fair
and cool weather in the eastern
belt. fair to partly cloudy in the
central belt and clear in the
northern portion of the western
belt.
Midday prices were up l point
to off l point with May up l at
$40, July off l at 6.35, october
unchanged at 6.55 and December
unchanged at 668.
The Washington times., 1933-03-28
CANADA NEE TS
BUDGET LACK

Only in a minor degree have the
recent banking difficulties in the
United States affected Canada,
according to the monthly business
summary of the Bank of
Montreal.
Some interruption to interna-
tional trade occurred, the bank
points out, and inconvenience was
occasioned by the absence of quo
tations of New York funds. but
it can be said that the crisis in
the United States did not cross
the international boundary.
Meanwhile the Dominion gov
ernment has taken steps to keep
its budget in balance. With an
estimated deficit on ordinary &C.
count of 68,0OO,OO0 in the year
beginning April l, new taxation,
estimated to produce at least $70,-
100000 on the basis of present
business conditions, is being i'm
posed, so arranged as to avoid,
as far as possible, impediments
to trade.
The Washington times., 1933-03-28
Hall Printing Co.
Earns 10th Profit

Net income of w. F. Hall
Printing Company for the fiscal
year ended January 81, 1888, was
$330,957, after all charges, in
Guiding depreciation of $834,565,
the annual report shows. After
allowance for preferred dividend,
this is equivalent to IS cents a
share on common stock in the
hands of the public at the close
of the year.
In the fiscal year ended Janu-
ary 81, 1882, net income was
$1,O58,309, or $2.52 a share, after
preferred dividends, on common
stock then in the hands of the
public. Last year was the for
tieth in which the company has
operated at a profit.
The Washington times., 1933-03-28
STOCKS FIRMER
|NL|STLESS.
SESSION
BY LESLIE GOULD

NEW YORK, March % GIN.
SO.-Firming tendencies in the
rails helped the stock market TO-
day after the list had started on
another aimleSs and quiet session.
Union Pacific and Louisville d
Nashville were the strong spots,
gaining about point each. The
others worked up to the previous
close after early irregular:ty.
Enthusiasm Is Lacking
This, however, failed 20 stimu-
late any buying enthusiasm and
the market continued to display
the lack of interest which started
last week.
Sentiment was stimulated in
the second hour by payment of
the regular dividend by Allied
Chemical. Wall Street had been
uncertain due to earnings of only
1882 a share last year against
the Sc rate. The stock rallied
more than 2 points on the news.
American Telephone slipped
fractionally to a new 1888 low
in the early dealings, breaking
the 90-level for the first time
since last summer. It recovered
to the previous close later.
DUPONT also was heavy but met
better support.
All Markets Dull
Utilities were sluggish, unset
tied by pressure on Telephone
and Consolidated Gas. Oils con-
tinued quiet awaiting the out
come of the petroleum confer
ences in Washington. fractions
were easy.
Outside markets were equally
dull. Bonds were irregular while
commodities fluctuated in a mar
row range,
The Washington times., 1933-03-28
BY LEWIS HANEY
professor of Economics
NeU York UniDerSitu)


Economic values are based on
definite human wants. Unless a
thing appeals to some desire, it
can have no value.
For example, within the mem.
ory of persons now living, gaso.
line was not wanted, and laws
were passed to prohibit oil re,
fineries from dumping it into
rivers and killing the fish.
No Intrinsic" Values
This reminds us that there is
no such thing as intrinsic value -
The gasoline was much the same
as today, but it had no value. 1t
can not be too strongly empha-
sized that values depend upon
our desires, perhaps vanishing
with a shift in wants. Thus they
are not intrinsic"
But, in addition to wants, an
other condition must exist be-
fore a thing can have economic
value, and that is Scarcity"
If the supply is not limited, the
thing has no economic import
ance.
Thus We pay for ice, but the
ESkomos don't. When the supply
of cotton becomes as large as in
1882, that product has so little
scarcity that its value is small.
In a sense, we want cotton as
much as ever, but if it is very
abundant, we attach less import
ance to it, and it's value falls.
Sometimes people want things
The Washington times., 1933-03-28
DOLLAR HOLDS
ABOUT EVEN

NEW YORK, March % G.N.SO
Foreign exchange dealings were
dull today, with dollar generally
maintaining its position against
major European currencies.
The daily gold statement from
the Federal Reserve Bank showed
the receipt of $126,200 from
China.
British sterling lost 1-16 of a
cent to $3.41 11-16. Francs and
lire were slightly higher, while
belgas and Swiss francs were
unchanged. Marks and guilders
lost l and points, respectively
The Canadian dollar declined
Is of a cent to 835s cents. JAP
anese yen ruled 1-16 of a cent
lower at 21.38 cents.
The Washington times., 1933-03-28
Spot Cotton Trade
Quiet at LiUerDOOL

LIVERPOOL, March % G.N.
SO.-Spot cotton was quiet and
easier at the opening today.
There were no receipts.
At midday middling fair was
quoted at 6.26d; strictly good
middling, 5.81d; good middling,
5.51d; strictly middling, 52ld;
middling. 5.06d: strictly low mid
ding. Add; low middling, 476d;
strictly good ordinary, 4.56d; and
good ordinarys, 4.26d.
Futures opened steady with
May at 4.87d; July, 4.87d;
October, Add; and January,
4.94d
The Washington times., 1933-03-28
Chesapeake Corp.
Earns S6.129,778

Chesapeake Corp.-a Van Swer-
ingen holding company-reports
net income for 1892 of $6,129,778,
before loss of $294,051 on sale of
securities, compared with $6,494,-
$40 in 1881, excluding $162,685
loss on sale of securities.
Investments at cost were listed
at $161, 1885. .702, including 4,066, ,508
shares of Chesapeake & Ohio r.
R. common, 27,500 Pere Marquette
Railway common and $4,000 Erie
common.
The Washington times., 1933-03-28
Emergency Utility
Rate Cut Proposed

SACRAMENTO, Cal, March %.
Discounting of all gas and
electric bills to patrons by 20
per cent on an emergency basis
for a period of one year is pro-
posed in a bill presented the
California legislature by Assembly
men Robinson of Merced and
Meeker of Herman.
The bill has been referred to
the Public Utilities Committee.
The Washington times., 1933-03-28
Air Line Will Sell
RQiLUUQy Transport

American Airways announces
that arrangements have been
made with most of the leading
railroads whereby ticket agents
of the airline are able to issue
through combination air and rail
transportation.
This elimintes the inconvenience
to passengers of making addi-
tional rail reservations and pay
ment to railway offices for any
rail portion of the journey that
starts on American Airways.
The Washington times., 1933-03-28
Demand and Scarcity Fix
Values, Says Haney
just because they are scarce, as
collectors" want certain stamps.

collectors" want certain stamps.
Most things are scarce, or
limited in supply, because we
have to undergo labor and other
costs in order to produce them,
If we go ahead and produce
things when they do not sell for
enough to cover costs, their value
falls below cost of production,
and stays there until they get
Scarcer.
Individual Values Differ
Each person has his own ideas
about the relative worth of
things, and that is his "Subjec-
tive value" This differs accord
ingly to individual wants, which
vary with standard of living, sex,
age, etc. The scarcity" of
things possessed also differs
widely among individuals.
So, on the basis of their diff
ferent individual valuations, men
trade one thing for another and
this gives rise to market values"
or values in exchange. The rate
at which one thing exchanges for
another is it's value.
Thus economic value is purely
relative. 1t is the power of a
commodity or service to COM
mand other commodities or SER
vices in exchange.
A STANDARD of value" such as
gold, or labor time, must have
value itself. It could not serve
as a measure of value if it did
not, any more than a yardstick
could measure distance unless it
had length"
The Washington times., 1933-03-28
YOUNG PLEA DENIED

A request by Radio Corporation
of America attorneys that the De-
partment of Justice approve the
continuance of Owen D. Young as
director of Radio Corporation in
addition to a similar position with
General Electric has been denied,
Attorney General Cummings an
nounceS,
The Washington times., 1933-03-28
Good Business
n News Notes

Big Southern railroads
show good operating income
gains in each of the past six
months over previous cor
responding periods.
Reserve Board reports
pOst-hOliday rise of l per
cent in index of production
and distribution of cOmmOdi-
ties.
Prof. Irving Fishers COM
modify price index gains S
fractional points in past
week.
National Steel Corporation
first quarter earnings to ex-
ceed requirements for diYi-
dendS.
The Washington times., 1933-03-28
Gin1beL Bros. Loss
S4,459.O59 in Year

NEW YORK, March % GIN.
SD.-Gimbel Brothers on Janu-
ary 81 last had cash of $6,702,-
1913, compared with $6.42O,736 a
year earlier and showed no bank
Indebtedness.
Gimbel sustained a net loss of
$4,459,059 in the fiscal year end
ed January 81, against a loss Of
$1,763,253 in the preceding period.
Net sales amounted to $72,196,
485, compared with $97 1882, 1888,
a decrease of 1851 per cent.
The Washington times., 1933-03-28
CLOTH MARKET

NEW YORK. March %. .GN,S S).-The
coarse yarn cloths market continued
quiet today with most centers holding
prices unchanged. Some scattered bid
ding for goods under market quotations
developed, but brought out no changes
60 far as the general print cloth list
was concerned. In some isolated in
stances cOnvertors had run against
cancellation of orders placed few
weeks ago. and therefore liquidated
their goods at 16 to Is cent under
first han nd nmOta tiOns.
The Washington times., 1933-03-28
SPECIAL ST DIVIDEND

Gorham Manufacturing Com
pany has declared special divi'
dend of 81 out of surplus, payable
March 81 to stock of record March
25. Action on the regular quar-
terly dividend due for payment
March l was deferred at the Janu-
ary meeting.
The Washington times., 1933-03-28
CHICAGO PRODUCE

CHICAGO, March 2S GN.SD.-But-
ter-1O,949 tubs. unsettled old cars,
9: new, IL; creamery extras, 17&C
standards 1Sc; evtra firsts, 17l2c; firsts.
171.c: specials. 1874 @1S%C
Eggs-24,135 cases; usetted: old
cars, IS: new, IA ordinary current
receipts, lie; fresh graded extra firstss,
les sthan mars, 12c; cars, 12Hc; fresh
graded firsts. less than cars, lac;
cars, 12c; dirtes. 1Oc; checks. 9%C.
Cheese-Longhorns and Daisies. 1oh
01Ohc; Twins, 93t @1Oc; Prints, loA
The Washington times., 1933-03-28
CHICAGO LIVESTOCK

CHICAGO March 2S S)-Hogs
.-2O.O 900: 5G1Oc lower. Top, $500; bulk,
$sSo@SSo; heavy. $3.50 a $50: medium.
$3.60@3.9O; light. $S. 800; light
lights, $3.6O63.SO: packing sows. $3.50 %
$50; pigs sS:2O@S.75; holdovers, 1000.
Cattle-6.5O0; steady. Calves, 1000;
steady. Beef steers-Good and choice,
$5.5Od725: common and medium, $500
@5.5O; yearlings, &.5O@7.25. Butcher
cattle-Heifers, So 50@6.OO; cows, $2.40
@3.75: bulls. $2.5OT3.75: calves, $500
1850: feeder steers. $3.50 5.25 stocker
steers. $500 q 500; stocker cows and
heifers $2.O0M35O.
Sheep-1N.OOO; steady, Lambs $5.25 a
BIS: common. $3.5OT4.75: yearlings,
$3.0OT475; feeders, $4.5O@5.OO ewes,
The Washington times., 1933-03-28
FREE PORT AT GDYNIA

The Polish council of ministers
has approved an ordinance es-
tabliShing a free port at Gdynia
beginning with July l, 1888. The
free zone will include three docks
and a sufficient area for proper
warehousing facilities.
The Washington times., 1933-03-28
WOOL MARKET

NEW YORK March 2S G.NSO.-
Wool firm domestic fleece nnwashed
Ohio and Penn, 1362O. Domestic pulled
secured basis. 1914. Domestic Texas
clean basis. SS645. Domestic territory.
clean basis. S2@47
The Washington times., 1933-03-28

512 33s Zonite Products. AZ AS AT 1s
(a) Optional stock cash. (b) Partly tcI E1.
stock and cash. ID! Extra in stock (el Also one
a Radio Corp. (fl Onehaf share of
Radio Corp $3.50 in cash go one-haf share Radio
(AA) 1917 in stock. (ww) With (xwl With
(S) Ex-dividend. (+) Ex.riEhts
The Washington times., 1933-03-28
NAVAL STORES

NEW YORK. March 2S UNsD.-Idn-
seed oil per ID. "A car lots. Turpen-
tine, firmer, 45%. Rosin, firm common.
! 800.
The Washington times., 1933-03-28
WASHINGTON STOCKS
SALES

Pot. Elec. Cons. S, $1,000@103
Wash. R. & E. pf, 5@85.
Lanston Monotype, 10@3812, 10
@39, 10@3912, 10@40, 8@40.
Mergenthaler Linotype, 10000
10@20, 10@20, 10000.
AFTER CALL
Pot. Elec Cons. SIS, $1,000 1903
Wash. Gas IS B." $1,000
1927, $100@1021a, $300@1O21s.
Pot. Elec. Cons. SIS, 8@10512.
Wash. r. & E. As, $500@87,
$1,00O@87.
The Washington times., 1933-03-28

New York funds in Montreal. 1853 2
premium at $1,000. Montreal funds in
New York. $169.12 discount at $1,000.
The Washington times., 1933-03-28
FOREIGN EXCHANGE

NEW YORK. March 2s U.N.s.l.
Evening star., 1933-03-12
Permanent Waves.

THE permanent wave should be looked
upon for exactly what it is-a pure
ly decorative touch It does not promise
any hair improvement except becoming
ness.
Compare the permanent wave to
makeup for the face. Rouges and
powders do not preserve the beauty of
the complexion. Cleverly applied, they
submerge mild defects, but the most
beautifully made up compilations are
achieved over healthy skins.
So it is with hair and the permanent
wave. The best permanents are achieved
with healthy hair. They are to
the hair what rouge. powder and lip
stick are to the eface-decoration. They
should not be accepted with blind
optimism-with the idea that they do
away with the necessity of hair brush
ing and good care Of the hair any
more that decorative cosmetics for the
face make it possible to dispense with
all care Of the complexion.
Evening star., 1933-03-12
Frances Scott Chapter
Guests of Mrs. Garees

The Frances Scott Chapter, d. A. r.,
was entertained March at tea given
by Mrs. Alfred B. 0arges at her home
on Twenty-eighth street. She was as
sisted by Mrs. Gilbert Friend and Mrs
w. r. Cole.
The regent, Mrs. George Pierce. in
troduced the speakers, Mrs. James H.
Stanfield. ex-registrar general; Mrs.
John Lester Barr, State chairman Of
schools; Miss EfIie L. Henry, ex-regent
Of the President Monroe Chapter.
Among the guests were Mrs. J. J.
Haas, Mrs e. M. Kilroy, Mrs. Eugene
Stone, Mrs. Elizabeth Bemberg, Miss
Fannie E. Mareau, Miss Mary L. Ma
reau, Mrs. w. Alden Wall, Mrs. Bell Gil
more. Mrs. Norman @. Hough, Mrs. F.
J. Goensch. Mrs. Frank Ray, Mrs. James
Wheeler of Natick, Mass; Mrs. Fowler
Barker, Mrs. Arthur Adelman, Mrs. e.
P. Andrus, Mrs. Frank Bell, Mrs. Charles
Bright, Mrs. E. p. Cassell, Mrs. Warren
Emely, Mrs. Walker Martin, Mrs.
Charles Molster. Mrs. Robert Reeder,
Mrs. Edward Stephenson and Mrs.
Howard Kane.
Evening star., 1933-03-12
Army Post Scene Of
Society Circus Practice

Fort Myer has been the scene Of
great activity during the past week. the
Society Circus rehearsals having started
and with unusually pleasing prospects.
More and different events are sched,
uled. and the new crop of equestri-
ennes, in addition to their riding skin.
are most fair to look upon.
The boxes and seats are going rap
idly. much more rapidly than ever be-
fore, and full houses are expected for
all four performances.
Among the patrons who have accepted
at this early date are: The new Secre-
tary Of War George H. Dern, the Ger
man Ambassador, Herr Won Prittwitz
und Gaffron; the Polish Ambassador,
Mr.. Stanisiaw Patek. and many others
Performances will be held at 2:30 and
8:l5 o'clock Friday, March 81. and
Saturday, April /. Admission will be
from so cents to $3.50, q sharp reduc-
tion from last year. and, as in the past.
the proceeds will be devoted to the
Army relief and to District Of Columbia
and local charity and welfare. Lieut..
Alexander McCone has charge Of res
ervations.
Evening star., 1933-03-12
Variety in Style Favors
Individual Achievement

THE same feeling for variety is noted
in afternoon frocks, where the
picturesque and sophisticated types vie
for first place OF course, they are
worn by very different types Of women,
who find in them features expressive
of their own personalities. One is
sure to see costumes that vary from
the strictly tailored in wool or heavy
silk. to the very suave costume Of
black lacquered satin. The blouse and
skirt costume, which has taken Paris
informal afternoon wear. particularly
with those women who find this mode
becoming.
One costume of this kind noted on
the Champs Elysees had blouse of
heavy silk pique, fitted In waistcoat
manner. with very wide revers which
extended down into surplice closing,
marked with buttons. The white
blouse contrasted smartly with the slim
skirt of black WOOL Worn with this
costume was small Vatican type Of
hat, with cluster of cire ribbon at
the side back.
A MOTHER striking costume was in
several shades Of green The hip
length blouse was in a very lustrous
leaf-green satin, made with full, softly
draped sleeves. gathered into a cuff at
the wrist, and capelike collar which
tied to form rather high neck
line. Worn with this was a plain,
straight skirt of deep green woolen,
very lightweight and soft in char
acter The hat accompanying this
costume was a green felt, matching in
color the blouse, and tilted up in the
back In the Louis XIV manner. A quill
OF the darker green was slipped
through the felt and formed a jaunty
little curl of ostrich at the back. Dull
black accessories completed this smart
ensemble, which incidentally was very
we'll suited to its wearer, tall slender
woman OF pale olive skin, and lacquered
black hair. which she wore brushed
smoothly back in sculptural lines.
Quite as interesting. but wholly
different in character, was a costume
worn by very young girl-a pale
blonde with deep blue eyes. She had
chosen Patou's soft blue gray for q
suit. trimmed in pale gray fox. The
cool coloring of the costume proved to
be perfect frame for her rather pastel
type of loveliness, and I noticed num-
bers of people glancing at her with
admiration for her fresh beauty. Yet,
had this same young woman chosen
the green costume, she would have
been lost. 1t was case of selecting
the costume that truly expressed her
own personality.
As have said before, this season
offers unlimited opportunity to the
woman willing to select colors and
lines that are in harmony with her
individuality.
copyright. 1933)
Evening star., 1933-03-12
Hat May Give Character
To Ensemble as a Whole

and business-like. Can you imagine
wearing the hat chosen in the moment
Of gayety on the day when you wish to
be, oh, very severe and impressive? No,
you need a hat for each of those moods
So you need hats that express the
many phases Of your temperament.
Perhaps you are thinking to your
self that this is all very well, but that it
is much too extravagent for most wom-
en-. But let me assure you it is not ex-
travagent to have many hats. Why?
Because each time you put on a new
hat, your observers believe you have on
a new costume. I know women in
Paris who must dress on the most Tim
tied allowances. A new frock is real
event for them. They make the same
dress or coat last for a very long time
But hats-do they limit themselves to
one or two? BY no means They let
new hat take the place of a new
frock. BY changing hats they know
they have changed the entire character
Of the costume they are wearing.
X 4
THE Partisan woman is very clever
L in the matter of accessories. She
knows how easy 1t Is to appear smartly
dressed, if her hats and other acces-
sories are chic and individual. Perhaps
she has single black afternoon dress
1t is very we'll made dress, created
on the seasons smartest lines But If
she were to wear it with the same hat,
the same lingerie touches, the same
gloves and jewels day in and day out,
it would become very monotonous. She
can't afford an entire new outfit so
she adds to her wardrobe from time to
time smart hat. or the newest thing
in collars, or in costume jewelry When
she appears at tea people don't say
There's Madame So-and-So in the
same old frock." They say How
stunning Madame So-and-So always
looks"
It's little trick would like to pass
on to you. For it Is the real secret Of
more than one woman's clever dress
ing. And such an easy and pleasant
secret as it is-a new hat now and then,
to give new character and individuality.
It's a most feminine and spontaneous
way Of economizing.
(CopyriRht 1933)
Evening star., 1933-03-12
Members Of Congress
Guests of State Societv

The Massachusetts, Society will hold
its annual ladies dance" March 16 at
the Shoreham Hotel Dancing will be
from Q to 1. The George Washington
Glee Club will furnish entertainment.
Among those invited are Senator
David /. Walsh, Representative Pher
Holmes, Senator Marcus Coolidge, Mrs.
Coolidge and daughter, Miss Helen;
Representative Edith N. Rogers, Repre-
sentative Joseph Martin, Representative
John j. Douglas, Representative John
Mccormick and Undersecretary Of
State william Phillips. The ladies
dance, Is the most brilliant affair of
the season and many are expected to
attend.
Evening star., 1933-03-12
APARTMENT CONTRACT
LET AT WALTER REED
Structure for Npn-commissioned
ofhcers at Hospital to Cost
91o2, ,es4.

Mai. Gen. John L. Dewitt, quarter
master general, yesterday awarded
$102 ,984 contract for the construction
Of an apartment house for non-com-
missioned officers on duty at Walter
Reed Hospital.
The contract went to the Mccormick,
Lehman Co., Of Philadelphia, and the
work Is to be completed within six
months.
The building will contain 1S apart
ments Of four rooms each. It will be
three-story structure with tile and
brick face to conform to the general
architectural scheme of other buildings
at the Army medical center. The site
selected Is In the northeast section on
Fern street, between Georgia avenue
and Thirteenth street.
Evening star., 1933-03-12
Late Fashion News.

Paris. March T.
OUTSTANDING as perhaps the
greatest general change in dress
for the coming season is the downfall
of the backless evening dress. Almost
with one accord, designers have aban-
doned it. Schiaparelli, is an exception.
She favors the backless gown for eve
ming wear
The newest evening bodice, according
to many designers, is almost Puritan
in its simplicity and offers, in its un-
broken back reaching to the actual
round neckline, an opportunity for
the display of richly embroidered silver
and colored fabrics.
Fronts of evening gowns are cut In
sharp VS., or show cutout lines which
are raised nearer the neck. The
simple square neck, cut out very slight
ly, is sponsored by Patou.