davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-06-23

the conference. She has q great
moral responsibility"
And we, like big simp, just
eat it up. Our delegates swell
out their chests and really be-
lieve that the world is just
hanging by a thread and the
American delegates control that
thread. Why, they didn't dis
cover us until 1892. And the
world had had 1892 wars and
1892 peace and economic con-
ferences. All before we were
ever heard of.
England controls all the
oceans, half the land. over half
The Washington times., 1933-06-23

G r o u n d e d
yacht of the
radio manu-
+ a c t u r e RS
son. A. At
water Kent,
jr., in t h e
D e ! a W a r e
River n e a r
N e W Castle,
Del.
The guests,
whose names
were not re-
vealed, were
taken ashore
in S m a ! |
h0ofS ThnV
The Washington times., 1933-06-23

and a never
miss at pick
ing the win
n RS, h i S
frie n DIS say
he wasn't so
accurate in
pr e d i C tt ng
the success Of
his own mar
riage to Van
essi, talented
dancer.
For W hile
" q n q c c | ic
S t a y n 6 in
town he re.
Phil is in his
The Washington times., 1933-06-23
Gold Nations Striving
Hard to Keen Standard

GEOLOGICAL MUSEUM, LON
DON, June % Q.N.S0.-Bitter
over refusal of America to enter
a temporary currency stabiliza-
ton agreement, the European
gold bloc today frantically sought
The Washington times., 1933-06-23

cess she scored in Rain" the
drama which made her an out
standing actress of a few years
ago.
In the cast of Shooting
STAR are two of her former
friends, Barry O'Neill, who
played with her in "Her Card
board Lover" and Miss Beverly
Sitgreaves, who coached her
during her career.
The Washington times., 1933-06-23

stages great
a c t r e S S e S,
t orm S h e
p | o t o 1
IS h o ootin G
Star, one Of
t h e n e W
dramas of the
summer sea-
son.
1t relates Of
story of the
rise and fall
of an actress
and c ! o s e ly
parallels the
late star, even
The Washington times., 1933-06-23

were driven to Philadelphia In
private automobiles.
The yacht rammed the south
ern end of the western jetty at
Pea Patch Island, while pro-
ceeding up the river after a
cruise.
The boat was running at full
speed, and a hole eight by four
feet was torn in it's starboard
bow. The hole was repaired by
the crew,
The Washington times., 1933-06-23
WILL ROGERS Says:

BEVERLY HILLS, Cal June 23.-There is one
line of bunk this country falls for and always has:
1--WE are looking to America for leadership during
The Washington times., 1933-06-23
Life of Jeanne Eagles
Portrayed in Drama

NEW YORK, June 23.-The
story of the life of Jeanne
Eagles. one of the American
The Washington times., 1933-06-23
PEOPLE
Who Interest
You and
What They
Are Doing
Phil TyreII Failure
As Wedding Prophet

NEW "YORK, June 23.-Al-
though Phil Tyrell is considered
a good booker" on Broadway,
The Washington times., 1933-06-23

the worlds international commerce. France is n
babe in arms. Japan and Russia are of age. Ye
it's America they kid into thinking she is the Who'll
cheese.
Copyright 1,ss by McNaught syndcato
The Washington times., 1933-06-23
CONDITION OF TREASURY

Treasury balance $1,000, ,227,-
396.74; expenditures. $I2,036.-
1924; customs receipts, $l5,656,-
O19.52.
The Washington times., 1933-06-23
AtWater Kent Yacht
Wrecked; Guests Rescued

PHILADELPHIA, June ga
rescue party led by A. Atwater
Kent took 80 guests from the
The Washington times., 1933-10-26
TREND i'm BONDS
RUNS HIGHLY
IRREGULAR

NEW YORK, Oct. 26 U.N.s).
Bonds showed highly mixed tone
IN trading today, with profittak'
ing in rails and scattered liquida.
ton in high grade investment is
sues depressing influences.
Many Carrier Declines
Rock Island general As led the
: setback in the carrier group with
Q loss of a point, and many frac-
ttonal declines were sustained.
In the investment division,
American Telephone SIS of go, the
IS of IS, and Atchison general As
dipped fractionally.
Foreign governments were ir-
regular, with gains in italy Is and
German 51as, offset by losses in
French 71as and Belgium Is of rs.
United States List Dull
International Telephone 412s Of
$50 and Postal Telegraph 5s were
fractionally improved in the do
mestic division.
o. S. Governments were dull and
little changed.
The Washington times., 1933-10-26
Managed Currency
For SUeden L1Uded

The managed currency system
Of Sweden, adopted in September,
1881, following abandonment Of
the gold standard, has been emf
nently successful in its aim Of
maintaining the domestic pur.
chasing power Of the currency.
Baron Johan Liljencrants, of the
Swedish Chamber Of Commerce
of the United States of America,
declares in the forthcoming issue
Of Trust Companies Magazine.
Appraising the results of opera.
ton of the system, he finds that
the steadiness Of Swedish whole
sale and retail price levels dem
onstrates that managed cur
rency by its very nature possesses
a flexibility which cannot be
obtained unuder the gold STAN
dard."
Originally aimed at avoiding
initiation. Baron Liljencrants says,
the policy was revised in May,
1882. with the new objectives be-
ing to prevent a fall and prefer
ably to bring about a moderate
rise in wholesale prices In order
to stimulate business: to reduce
exchange fluctuations without fix
ing the foreign value Of the
currency.
The Washington times., 1933-10-26
Z STEEL FIRMS
REPORT GAINS

NEW YORK, Oct. 26 G.N.S).
Two major steel companies, in
third-quarter reports, today show
marked improvement in earnings,
compared with both the second
quarter and the like 1882 period.
Republic Steel Corporation re-
ports net profit of $148,239, equal
to "a cents share on 6 per
cent. Preferred stock, contrasted
with a net loss of $407,4 ,451 in
the previous three months and a
loss of $3,419.353 in the third
1882 quarter. Nine months net
loss was $2,78O,780, against
$8,640,471 last year.
A September quarter net loss
of $997,133 was reported by the
Jones & Laughlin Steel Corp,
against a loss Of $1,6S2,801 in
preceding quarter and of $1,682,-
919 in the like quarter a year
before. The company has a net
loss of $4,740,579 for the nine
months this year, against $685.
$50 in 1892.
The Washington times., 1933-10-26

pie to speculate on their further
decline, the price level will rise. ,
It has been proved over ana
over again that the attempt TO
raise prices by Reserve Bank
credit operations is futile. Under
present conditions, the price Inter
must operate on money"
We cut our money loose from
gold, making it irredeemable. But
the Treasury has so much gold
that the people could not really
believe that the dollar would not
eventually return to a gold basis,
and talk of "devaluation" has al
ways been confused with "revalu-
ation."
Dollars Fall Advertised
So it has become necessary to
the price lifter's program that the
connection between gold and the
dollar be broken down more effec-
lively.
The recent moves are designed
to prove to us that the dollar is
not worth as much as we seem to
think it is. The Administration
wants to advertise the fact that
the dollar has been too high in
terms of gold.
The Washington times., 1933-10-26
CORN FIRMS UP
IN DULL GRAIN
TRADING

CHICAGO, Oct. 26 dN.s).
Corn ruled firm in forenoon deal
ings here, other grains easy. Trade
was quiet, with some profit tax
ing.
Wheat opened as much as 11a
cents lower, and then recovered
slightly when pressure eaSed.
Corn Well Supported
Corn was accorded good support
and ruled about a cent higher
above 48 cents for the December
delivery. Announcement that the
Government will lend growers so
cents a bushel at Chicago met
with only a feeble response.
Near noon wheat was 70 to /
cent lower, corn "a cent off to 5s
Of a cent up, oats 5s to "a of a
cent lower, AID rye IA to 2b
cents down.
Liverpool Lower
Liverpool wheat was 11s to ~
pence lower, reflecting sizable
increase in Russian shipments.
Winnipeg ruled "a to 7s of a cent
lower early.
Estimated carlot receipts were:
Wheat, 9; corn, 278, and oats, q.
The Washington times., 1933-10-26
WARNS Of FAKE
NINE STOCKS

Taking advantage Of aroused
public interest in gold, some West
ern mining companies are offer
ing stock to investors by an in
genious expedient through which
they apparently hope to avoid the
responsibilities imposed by the
Federal Securities Act, the Ma
tional Better Business Bureau,
New York city, announced in a
nationwide warning to investors
today.
Under the terms of the act, the
bureau explained, any company
offering a new issue Of securities
for sale must furnish investors
with a prospectus containing COM
plete disclosure of all material
facts affecting the issue and must
file a registration statement with
the Federal Trade Commission.
Some new gold mining enter
prises in an apparent effort to
evade these restrictions are offer
ing their shares to investors free
of charge. With the stock comes
glowing but incomplete report
about the company and its pros
poets.
The catch is that the stock is
assessable and the new stockhold-
ers soon receive notices of assess
ment which they must pay or lose
their equity.
The Washington times., 1933-10-26
Cheap Money Deemed
Sole Price Lever

So it is buying gold above the
world price. 1t insists on a further
depreciation in dollars.
A good many observers are ar
guing that this procedure will not
be effective because, they say,
dollars must be forced into circu-
lation if they are to affect the
price level and they don't see how
that can be done.
Answers Sufficient
But the following points seem
to be a sufficient answer:
l. Any great depreciation in the
security of the dollar and lack Of
confidence in it's purchasing
power, affect it's value and its cir
culation.
2. Government expenditures for
its greatly increased control ac-
tivities, and relief, are swelling.
Large advances are being made to
farmers and others. All this Is
circulation.
3. Bank credit is being "loos-
ened up" by extensions of Govern
ment credit to weak bankers and
direct pressure on all banks to
make loans.
4. Present conditions make q
relatively small amount of cur
rency and credit excessive. Busi-
ness requirements are so low that
it takes a much smaller amount of
money to be excessive" than it
did in 1929.
"GoOd Money" Now
Furthermore, there is now no
good money" to drive out of cir
culation. Any increase in paper
money circulation is just added to
the paper money already in circu-
lation.
1t is true that poor business,
high taxes, high costs under NRA,
large inventories, and consumer
resistance to high prices, are OBJ
st@cles to effective initiation.
But I think that these merely
mean that the attempts to boost
prices by initiation will have to be
more drastic and extreme than
otherwise.
And that means that it will be
very difficult to exercise control
over initiation or currency depre-
citation, once they get started.
The Washington times., 1933-10-26
DROP
SHOWN HERE

September retail sales in Wash
ington we're 2.5 per cent below
those for the like month in 1892
the Richmond Reserve Bank re-
ports, though the Fifth reserve
district as a whole showed a gain
averaging IL per cent.
Washington, however, made the
best showing in the area in the
matter Of collections.
Baltimore led the area with q
gain over year ago of SIS per
cent in retail sales. while Rich
mond was we'll up with an increase
Of a. per cent. The report covered
SO cities.
The report shows good gains,
also, in wholesale trade with in
creases as follow: Groceries, 1874
per cent: dry goods, SIS per cent;
shoes. 39.5 per cent; hardware,
36. / per cent; drugs. 3.9 per cent.
The Washington times., 1933-10-26
COTTON EASIER
AFTER FIRM
OPENING

NEW YORK, Oct. 26 GN.s),
Cotton futures ruled slightly
easier today. The market opened
to 8 points higher and then
moved moderately lower on profit
taking.
Hedge Offerings Free
Price-fixing for the domestic
and foreign trade furnished the
principal source Of support with
Wall Street and the Continent
making moderate purchases.
Hedge and Southern offerings
were fairly heavy and profes-
sionalS took profits.
Worth Street reported a much
more active demand for goods
with heavy sales Of various de,
Scriptions of gray cloths and
prices advanced A cent.
Spots Rule Firm
Spot interests reported a firm
basis ruled through the South
and cotton difficult to buy.
Midday prices were off 6 to z
points with December off 6 at
9.62, January off 7 at $50, March
off 6 at 9.85, May off 6 at 9.99,
and July off z at Oil.
The Washington times., 1933-10-26
Cheering Trade
News Notes

SeabOard Oil quarter net
rises nearly One-third. :.
Bristol Myers increases divi-
dend rate. .FirSt-half Oc-
tOber construction makes
best showing in three years
Standard Brands reports
increased quarter profits. E.
Commercial Solvents share
net in third quarter doubles
that of year ago. General
Motors net IL cents on COM
mon in quarter, comparing
with deficit in like 1892
period. Electric power out
put SO per cent above cor
responding week last year..
CroSley Radio six-mOnth
profit $169. sos, against $780,
700 loss in 1892 period.
The Washington times., 1933-10-26
CURB GIVES WAY.
IN EXTENSIVE
PROF|T|NG

NEW YORK, Oct. 26 G.N.S).
Secondary selling put in an ap.
pearance on today's curb, with
recent leaders Of the recovery
running into extensive profit
taking.
While declines were preponders
ant in the metals, alcohols and
utilities, strength in a scattering
Of specialties proved somewhat Of
an offsetting factor.
Gold Pan Discounted
The mining shares lost their
buoyancy as traders came to the
realization that this group had
already discounted the new gold
buying plan.
Hiram Walker was most vul-
nerable in the alcohol group, but
National DiStillerS new and Dis
tillers SeagramS were fractionally
depressed.
Electric bond and share was
under pressure in the utility
group, while the run of low
priced active shares were slightly
easier.
Oils were irregularly improved,
with Humble, Standard Of In.
diana and Standard of Kentucky
fractionally above previous clos
ings.
Cities Service Easy
The Cities Service issues were
in supply, the common and de-
bentures both easing.
Outstanding strong features in
the speciality division were Great
Atlantic and Pacific Stores, Pitts
burg;l Plate Glass, which rec
sponded to an increase in divi-
dend, and Montgomery Ward A.
Curb bonds were dull and gen.
orally steady.
The Washington times., 1933-10-26
Kin1merIing Heads
AC Spark PLUa Co,

NEW YORK. Oct. 26 G.N.SO
Alfred j. Sloan, jr., president Of
General Motors Corporation, yes
terday announced the appoint
ment of F. S. Kimmerling as presi-
dent and general manager of the
A C Spark Plug Company, Flint,
Mich, effective Immediately.
Mr.. Kimmerling succeeds Har-
low H. Curtice, whose appoint
ment as general manager of the
Buick motor division Of General
Motors was made effective October
% by William S. Knudsen, eXecu-
tive vice president Of General
Motors CORPORATION,
The Washington times., 1933-10-26
TRACTION FIRM
CUTS DEFICIT

The Capital Traction Company
report to the Public Utilities Com
mission today shows September
deficit about half that for the
like 1882 month, the figures
being S5,828 and $10,996, re-
spectively.
Operating revenues were $228,-
616, compared with $239,808 in
the 1882 period. while operating
expenses were $185,O77, compar-
ing with $2O2,128. Taxes Of ST.
851 compared with $17,930.
The company carried 2,792,693
revenue passengers last month. a
decline of 125,295 from the number
transported during September,
1882. Last month it was operat-
ing a car and bus mileage of 710,-
304, 1924 miles under that
operated in the month last year.
The Washington times., 1933-10-26
C.. & D. and B. e o.
LOndinqS Decline

Chesapeake and Ohio loadings
decreased 6.3 per cent below 1882
In the week ended October 81.
Total loadings we're 1929 cars.
against 31,214 in the previous
week and 31,821 in the like 1882
week.
Baltimore and Ohio loadings in
She first Is days of October TO-
tailed 1882 cars. against 95,924
in the like September period and
88,277 in the like period of Sep
fAmber. 1892.
The Washington times., 1933-10-26
Demand Is Better
For LiUerpOOL SPOT

LIVERPOOL, Oct. 26 G.N.So.
There was a better demand for
spot cotton at the opening today,
with prices steady. Receipts
totaled 1000 bales, none Ameri-
can.
At midday, middling fair was
quoted at 6.64d; strict good mid
ding 6.19d; good middling,
5.89d; strict middling, 5.69d; mid
ding, 5.54d; strict low middling,
5.39d; low middling. 5.14d; strict
good ordinary, 4.94d, and good
ordinary, 4.64d.
Futures opened steady, with
January at 531d; March, $3.50;
May, 5.53d, and July, 5.36d.
The Washington times., 1933-10-26
New York Telephone
September Net Says

NEW YORK, Oct. 26 QN.S).
September net operating income
of the New York Telephone Com
pany showed a slight decline
from the 1892 month, easing from
2.936,23O to $2,674,956. Gross
revenues dipped from $15,915,366
to $14,949,188.
For the nine months ended
September 80, gross totaled
$136,828,914 and net operating
income amounted to SOS, ,331 ,410.
compared with $150,235,391 and
$25 .890.840. respectively, in the
corresponding 1892 period.
The Washington times., 1933-10-26
NEW YORK PRODUCE

NEW YORK, Oct. 2s (1.N.s.-Butter.
firm. Salted and unsalted creamery
higher scoring 24h @26c; creamery ex-
ladies, fresh. extras 16h tic.
Cheese-Steady; state whole milk flats.
average run 12c; Wisconsin whole milk,
fancy young Americans 12% @1Shc.
Eggs-Firm; nearby white specials
35@3Shc; standards SO@34c; mediums
25@2S; nearby brown specials 27@37;
standards 25@26c; mixed specials 26@
SIC; standards 23Q25c; first ~ 10 2oc;
Pacific Coast white fancy packs 80 q
CSC.
Milk-Whilesale price is $2o3 per 100
mile zone
The Washington times., 1933-10-26
NeW York Central
LO1din0S In1DrOUe

NEW YORK, Oct. 26 G.N.SD.
Reversing the trend in most Sec
tions of the country, New York
Central Railroad today reported
an increase in traffic last week,
both over the week before and a
year ago.
Loadings totaled 99,349 cars
against 96,350 the previous week
and 96,876 in the same 1882 week.
Gain over a year ago was 2.6 per
cent against decrease of one-half
Of per cent the week before.
The Washington times., 1933-10-26
Standard of Kansas
Promises Dividend
lHiEhI Low | 1:1k

In a letter sent to all stock.
holders. C. B. Wrightsman, presi.
dent of the Standard Oil Com.
pany of Kansas, discloses that
earnings Of the company have
reached the point where the board
plans to place the stock on a 50
per share per annum dividend
basis. The letter to stockholders
also reports that the company has
acquired 10000 shares of its out.
standing stock at an average cost
of less than $17.85 per share, as
compared with a quotation of $34
per share at the close of the mar.
ket on October "a.
The Washington times., 1933-10-26
Net Income Boosted
Bu Standard Brands

Standard Brands, Inc, increased
net income in the September
quarter to $3,669,448, afte1 I
charges, but exclusive Of profit
and loss items.
This was equal, after Z per cent
preferred dividends to % cents a
common share and compared with
$3,241,7l6, or "a cents a share, in
the like 1882 quarter.
The Washington times., 1933-10-26
Safe Deposit Group
Of Bankers Meet

The safe deposit section of the
District of Columbia Bankers AS
sociation will meet in the board
room of the American Security
& Trust Co. tomorrow night at 8
o'clock.
The program will be in charge
Of the following committee ap-
pointed by Earle M. Amick, chair
man of the section: John F. Hill
yard, chairman; Miss Mary j.
Pierce. Miss Eva Kicker and C.
M. Ashton.
The Washington times., 1933-10-26
Hog Market Higher
And HeUUies Scarce

CHICAGO, Oct. 26 I.N.SO,
The hog market was SC to 10c
higher than yesterdays average
with top at $4.55. Heavy butchers
sold on a par with lightweightS
due to scarcity. Most of the hogs
coming now are of the 1888 crop.
Cattle receipts were $500. The
market was steady to strong with
good yearlings quoted a little
higher. Heavy and plain quality
steers were steady. Cows and
heiferS sold steady. Stockers and
feeders showed no change.
Best lambs held at $50.
The Washington times., 1933-10-26
Exchange Seat
Value Drops

NEW YORK, Oct. rs CI.N.
S).-The trend Of the New
York Stock Exchange seat
values continued downward
today, despite the sharp i'm
prOvement in prices this week
and the pickup in volume.
Arrangements made for the
sale of a seat for $115,OOO, off
$4,000 from the last previous
sale.
This price represents a de-
cline of $85,000 from the
years top which was estab-
liShed this summer. The
trend Of prices has been
steadily downward since then.
The Washington times., 1933-10-26
AMERICAN WATER NET

American Water Works had a
net income of $3,592,927 for the
IL months ended September 80,
equal to $1.37 a common share,
compared with $4,699,134, or 81
q share, in the preceding IL
months. September net after
taxes $1.901.369, against $1,758,-
446 in September, 1882.
The Washington times., 1933-10-26
Closing Is Weaker
On London EXCHANGE

NDON, Oct. 26 GN.S).
Stocks closed slightly weaker as
result of profit taking on the
London Exchange today.
International shares were easier.
Kaffirs and Indian gold stocks
were mostly higher on the day.
British and gilt-edged securities
were irregular.
The Washington times., 1933-10-26
YelLOU Truck Nets
S4O,262 in Quarter
BY International News seryi

BY International News Service
The Yellow Truck and Coach
Manufacturing Company reports
for the quarter ended September
80. 1888, net profit of $40,262.
after expenses, taxes, deprecia-
tion, ETC., equal to q cents q
share on the 7 per cent preferred
stock.
This compared with net loss Of
$120,350 in the preceding quarter
and net loss Of $1,050.822 in the
September quarter of 1882.
The Washington times., 1933-10-26
WESTERN DAIRY MARKET

CHICAGO. Oct. 2s UN.s).-Butter.
%,251 tubs; steady; old cars II; new 6;
creamery extras 2@c: standards 21c; ex-
ira firsts 2Oh 022c; firsts 1872 m1shc;
seconds ~ @1Sc; specials % @24c.
EgEs-3,57S cases; firm; old cars 2;
new l; ordinary current receipts 171a %
1Shc; fresh graded extra firsts, less
than cars 29c; cars 21c; fresh graded
dirtie 12A @I4Sc; checks 1O%13c
Cheese-Cheddars and twins 11& a
12c: daisies, prints and longhorns 12h
@121ac.
The Washington times., 1933-10-26
REFS SALES UP

Robert Refs & Co., excluding
Valco Manufacturing Company
gross sales for the September
quarter were $597,520, compared
with $582,917 in the previous quar-
ter, and 1888, ,18O in the first quar-
ter this wear.
The Washington times., 1933-10-26
GRIGSBY-GRUNOW LOSS

Grigsby-Grunow Company and
subsidiaries for the quarter end
ed September 9 report net loss
Of $760,640. Net loss for the
SO weeks ended on that date
was $2,215,530.
The Washington times., 1933-10-26
CANADIAN PAPER EXPORT

Canadian exports of paper and
manufactures of paper in Sep
tember totaled in value $6,926,604
against $5,633,443 in September,
1882. Newsprint exports totaled
$6,612,258.
The Washington times., 1933-10-26

There is only
one way to &C
complish this
end. That is to
depreciate the
dollar, and to
do it so decisive
ly and inevit.
ably that dol
lars will not be
desired.
If dollars are
a C t u a lily re-
duced in value
sufficiently to
m q k e people
afraid Of them
and drive neO.
The Washington times., 1933-10-26
BY LEWIS HANEY
professor Of Economies New York
University

The most fundamental fact
about the Administrators policy
continues to be the fixed idea
that the price level must be great
ly raised, no matter by what
The Washington times., 1933-10-26
WOOL MARKET

NEW YORK, Oct. rs UN.s).-wool
firm. Domestic, fleece unwashed. Ohio
and Pennsylvania. 2S042: domestic,
pulled scored basis. 7O9S7: domestic,
Texas clean basis, 72@S2; domestic.
territory clean basis, 63@S4.