davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-05-24
Market Was Helped Along By Report On
 Buying Of Bonds
Secretary Weodin Confirmed the Story That Federal Reserve Was Going to Purchase Government Bonds to Expand the Credit :.
BY ELMER c. wALzER United Press Financial Editor)

New York, May 24.-(UP)-- Continuation by Secretary Wood in that the Federal Reserve had been authorized to buy government securities to expand credit brought further sharp gains into commodi- ties to-day and helped the stock market into new high ground for the year.
 The stock list advanced 1 to more than points in the first half of the session. and in the last hour slipped off from the highs on profit-taking.
 Sales approached the 100000 share mark at 2 ?. m.
 Several hundred stocks made new highs for the year or longer. Celanese corporation made a new top since 1929. National Dis- )tillers made a record high at ,59 h up points and others of the so- called wet group were buoyant on the overwhelming victory for the vets in New York state. A long list of stocks made new tops since 1881.
 Railroad shares made the most impressive showing. The Dow Jones rail average crossed the Sep- tember high and made a new top since last February.
 Union Pacific reached a new high since 1891 at 99, up 5A points. Formal announcement the road had placed orders for a new speed train to travel a maximum of 17O miles per hour brought con- siderable buying.
 Other carriers to make new tops since 1891 included Illinois Central and Pennsylvania. All others were in active demand until late when prices slipped.
 United States Steel touched 5f, a new high for the year and a gain of 1h points. It's 1892 high was 52% made on February 19. U. s. Steel preferred also made a new top for the year. National Steel jumped more than 4 points to a new top. Other steel shares were strong on another sharp rise in steel operations announced by the Iron Age.
 American Telephone reached g ucW 1JOO HE II at Lt0 IS AP = ~ points. It dippedsin the late trad ing. Utilities were firm and a few made substantial gains but 8 ma jority held within a fraction ot the previous close. Electricity out put in the May 20 week rose 3.a per cent above the 1882 week, the best showing since February l. 1880.
 Oil prices slipped back after moderate gains had been made in early trading. Copper shares staged a group advance on outlook for higher prices for the metal which failed to materialize to-day American Tobacco B reached a new high for the year at S4A ur As points. Automobile shares and auto equipments were in de- mand. Chrysler made a new high since 1891. General Motors equaled its 1892 high which was E point above the 1881 high
The Waterbury Democrat., 1933-05-24
'DU FONTS BUY THE REMINGTON
 ARMS CONTROL
Powerful Interests Secure the Principal Stock in the Huge $2O,00O, 900 Arms Company

New York, May 24-(UP)-The powerful Du Pont interests of Will mington, Del, have purchased the controlling interest in the $20,- 000,000 Remington Arms Co. Inc.
 The announcement made in a letter to stockholders by M. Hartley Dodge, Remington chairman, con- tained no details of the deal, but it was understood 51 per cent of Remington common stock will be transferred to El, Du Pont De Nemours, Inc.
 The transfer had been made for cash, it was believed. Already the largest explosive manufacturers in the country as we'll as major pro- ducers of chemicals and allied pro- ducts, the Du Pont Go will rank still higher among the country's greatest corporations, as Reming- ton Arms Go is the largest pro- ducers of ammunition. other than military, in the United States.
The Waterbury Democrat., 1933-05-24
Unpaid Verdict Basis Of Claim;
 Unusual Defense
Ada Rochon Got $1, ,OOO Award Three Years Ago in Automobile Collision Action But Defendant Re- fuses to Pay on Grounds of NOn-COOperation

struck by the car Duphiney was operating, near Chase Park ave- nue. A common pleas court jury returned $1,o00 verdict against Duphiney in favor of Miss Rochon but the defendant insurance com- pany appealed to the supreme court.
 The supreme court upheld the verdict and found no error in the trial. Demand for payment of the sum was made by the plaintiff, through her counsel, Attorney Mi chael V. Blansfeld but the defend- ant company refused to pay. Alt torney Blansfield then filed suit against the insurance company passing his claim on the defendants failure to pay the verdict.
 Trial of the issues were present. ed before Judge Finn today. }ie ordered briefs filed by both part ieS,
The Waterbury Democrat., 1933-05-24

Judge Edward J. Finn in- structed counsel to file briefs after hearing before him to-day in the common pleas court in the case of Ada Rochon against the Preferred Accident Insurance company. The suit, which has been on the rec ords of the common pleas court for three years, si based on the failure of the defendant company to pay a $1,000 verdict returned against it and one Phillip Duphin- ey, whose car the defendant com pany insured.
 The defendant company claims 1t is not required to pay the amount because the said Duphiney failed to sufficiently cooperate with the company so that an ad- equate defense to the action could be presented at the trial.
 The case goes back to 1880. Miss Rochon was injured when the car in which she was riding, was
The Waterbury Democrat., 1933-05-24
MUTUAL SAVINGS BANK GROUP ASSEMBLED IN ANNUAL CONFERENCE
 SEE. BUSINESS BETTER STABILIZED
President Wilson G. Wing in an Address the First Session At Swampscott, Mass, Today Points to Good Effect of Slight Increase in Employment and Wages.

need but look to the deposits in mutual savings banks for a sound example of what can be done by the American spirit. I am convinc- ed that better day lies ahead. The approach of that day may be hastened by national resolution to live within bounds, to avoid the dreams of easy money won by speculation and inflatSon, and in a less spectacular but more positive way to build up a surplus between income and outgo.
 "All of these matters are well known to you. Yet they would seem suitable for emphasis at the opening of this. conference. To- day the mutual savings banks hold the strongest position in more than a century of existence. I think that we may express pride in the way our trust has bene carried out. Then 1e tit be our watchword to carry on with caution and confi- dence."
The Waterbury Democrat., 1933-05-24
Henry Ford Is
 Sued Because of Sale Commissions

Providence, R. l., May 24-(UP) Trial of a suit against Henry Ford for commissions in connec- ton with the purchase of historic Wayside Inn at South Sudbury, Mass, was begun in federal court here today.
 The motor magnate was repre- sented by counsel at the hearing before a jury and Judge Ira Lloyd Let's.
 Herbert K. Allard of Cranston, the plaintiff, formerly was affiliated with the Ford agency here. He al- leges that Ford owes him $5O,000 in unpaid commissions in acquiring the inn and 2,000 acres of land in- volving $S30,745.
The Waterbury Democrat., 1933-05-24
PRODUCTION OF
 ELECTRICITY IS
 ON THE INCREASE
Largest Percentage Gain in Any One Week in United States = New England Leads

New York. May 24-UP)- Production of electricity in the United States during the week end- ed May 20, recorded the largest percentage gain since February l., 1880, the Edison Electric institute reported today. Production for the week was 1,4S3,090,000 kilowatt hours, a gain of 3.3 per cent com pared with the corresponding week a year ago and third consec- utive weekly gain this year. Last week a. gain of 2.2 per cent was recorded.
 New Eng and continued to lead the advance, registering an advance of Fl perecent, compared with TT per cent last week. The central in- dustrial district made the largest advance from last week, rising 3.5 per cent, against IA per cent a week ago.
The Waterbury Democrat., 1933-05-24
Draft to Meet
 United States
(Continued from Page 1.)

(COntlf1uGQ ITOIl IdSc 1.J diate consultation between the council or the assembly and any of said parties present at the con- vention."
 Norman H. Davis announced the United States will undertake to withhold protection of its own citi- zens if they are engaged in activi- ties which would tend to defeat any action agreed upon by the consult- ing powers regarding a breach of the peace, provided the United States concurred in the consultants' action.
 simon's draft declares that the object of the consultations shall be:
 First, in the event of threatened breach of the Kellogg pact, ito ex- change views for the purpose of preserving peace and averting a confiict.''
 Second, in the event of a breach of the pact, "to use its good offices for the restoration of peace"
 Third, in the event it is impossi- ble thus to restore peace. "then to determine which party or parties to the dispute are to be held re- sponsible."
 The draft concludes by stating that the preceding articles "do not in any way prejudice the rights or obligations of members of the league, nro conflict with nor limit the powers and duties of the as- sembly and the council under the covenant"
 Norman H. Davis said that the United States proposed a unilateral declaration of policy regarding consultation and neutral rights roughly in the following form:
 Recognizing any breach or threat of breach of the Kellogg Pact as matter of concern for all signatories thereto the government of the United States declares that in the event of a breach or threat of a breach of this pact it will be prepared to confer with a view to maintaining peace, in the event a consultation for such purpose is arranged pursuant to the specific articles of part one of the disarm- ament convention.
 'In the event that. following a decision by a conference of powers in consultation for determining the aggressor, the government of. the United tSates in its independent judgment is agreed. the United States will undertake to refrain from any action and to withhold protection of it's citizens if they are engaged in activities tending to de- feat the collective effort of the states in any consultation which might be decided upon against the aggressor.
 Davis explained that the declar- ntion must be drafted in official form and that 1t may be signed be- fore the disarmament convention simultaneously with United states ratification.
The Waterbury Democrat., 1933-05-24

Swampseott, Mass, May .24.- Business appears better stabilized today than in a long while accord ing to- President Wilson G. Wing of the, National Association of Mu- tual Savings Banks. Addressing the first session of that organiza- tion's 1883 conference, which open ed here today, he added that even the slight betterment of employ ment and wages was having a good effect upon business, and was symptomatic of encouraging inn provement to come.
 The savings bankers, represent ing 13,000,000 depositors and about s10,O0O,0O0,OOO of deposits were in force ,at the New Ocean House when MT Wing called the conference to order. Each of the IS states in which mutual institu. tions operate was we'll represented attending delegates that industry turn in all sections.
 President Wing, addressing the conference, emphasized that the
 
 American banking history, but pointed to the record of mutual savings banks as the high light of the deflationary period. eve may reaff1rm today as we have always affirmed, the mutual savings bank continues to be the best place for the money of the average citizen. The entry in savings bank pass book is one value that has not de- clined. In critical time it has been the special function of the mutual savings banks to serve as a first time of defense for depositors How they have met the need is known. In a period when ready money was hard to get, our banks paid unlimited millions to deposi- tors. In doing so they have main tained the great, basic principle that mans savings are his rainy day fund.-"
 Turning to the future MT Wing said that only such conditions as those recently existing could have demonstrated the strength of mu- tual savings banks so conclusively Furthermore, he is convinced that the success of accumulating small capital in large investment funds of the mutual type is an illuminat. ing lesson of the depression.
 Tt is remarkable to think that the men assembled in this hall are the financial custodians for 13,. 100000 depositors in mutual say. ings banks" he continued. Truly that is an astonishing number o1 savers. When we remember that each account often embraces the thrift and sacrifice of more thar one person, it becomes plain that the savings held in our institutions reflect the welfare of millions ol people besides our actual deposi. tors.
 What these savings mean to their owners and the nation is q matter of such importance that il cannot possibly be over estimated It is a fact of impressive signifi- canoe that deposits and assets ot mutual savings banks are being maintained at a level only mod erately below their peak. No other aspect of the economic outlook gives better reason for confidence We can be certain that this foun- dation of savings will go far to provide a means for recovery. The present impetus to business should produce an opportunity for millions Of prospective savers who have had no surplus, but who will make earnest efforts to acquire a reserve for the future.
 Anybody who wants to see the United States engage in cooperative efforts upon European models,
The Waterbury Democrat., 1933-05-24
Six Million Dollars
 Loaned To Mitchell
tContinued from Page 1)

spoke crisply, rapidly, and with a touch of brogue.
 "Mr Mitchell" he said, "sug- gested that he had been acting for the benefit of the institution and that he should be reimbursed. l don't recall that he made the ac- tual, specifici request that the com S pany take the Morgan obligation
 Did he mention to you that he had sold the 1S,300 shares of stock.
 He did not
 Q-(by Steuer)-Did he say he hadn't sold the stock.
 A-No.
 Swope was excused after he had shown that Mitchell's request" to the bank was not specific, but just a general plea for aid.
 The Senate Morgan hearings in Washington interfered with Med alie's presentation of the case, when it was announced that George Whitney, partner of J. P. Morgan and copany. was required 10 be in Washington"
 Medalie had intended to put Whitney on the stand to testify to details of the second count in the indictment.
 This count alleges that Mitchell sold $500 shares of Anaconda Copper stock to his friend, W. D. Thornton, president of the Greene Cananea Copper company, to es- tablish a tax loss of S75S,0O0 for 1880.
 This deal, the government says, was completed through the assist ance of the Morgan firm, which granted Thornton a loan necessary to carry" the stock.
 Tn the absence of Whitney, with whom Mitchell negotiated the loan, series of letters relating to the deal were read into the record.
 Letters read into the record showed that on December 26, 1880,
The Waterbury Democrat., 1933-05-24

I Mitchell arranged to have w. D.
 Thornton take over $500 shares of
 Anaconda Copper at $229,000. The stock was then held by Morgan & Company, as part of the col l lateral in the now famous $6,- | 000,0O0 Morgan loan.
 The Morgans arranged to trans for the stock to Thornton and to
 lend him the $229,000 to pay for it.,
 at 5 per cent, still holding the stock as collateral. Through this
 bookkeeping Mitchell technically
 lost the stock, but reduced his loan to Morgan by $229,000. Mitchell
 later repurchased the stock from Thornton.
 The final transfer of the $500 shares of Anaconda was completed through the brokerage firm of Hornblower & Weeks.
 Danel T. Bergin, office manager for that concern, testified to entries in his books showing that Horn-
 blower X Weeks sold for Thorn
 ton $500 shares of Anaconda at
 26ss, for a total of $224,S67, on
 May 5, 1881. After this sum had
 been credited to Thornton, nota-
 tion showed that the account was
 switched" Bergin said, to Mitch- ell.
The Waterbury Democrat., 1933-05-24

life. Many times Mrs Jelke snapped out her answers to ques- tions, and repeatedly she placed great emphasis on a word or words which seemed to favor her case.
 First, Mrs Jelke was questioned about Robert D. (Bob) White, the New York broker who was iden- tified as "the tall man with a dark moustache," with whom she was seen leaving New York apart ment on a certain morning.
 She said she met him at Mid dleburg, Va, where she was living with a couple of servants. He called on her several times there, both in the daytime and in the evening, she testified, and they had cocktail parties together.
 Was your friendship for White purely platonic ?" Sisson asked.
 Exactly" said Mrs Jelke.
 She said she returned from White in his automobile ito save railroad fare" and that she visited his New York apartment four or five times for cocktail parties.
 Under questioning Mrs Jelke tAlSii 0CoSilOCo 'tASltO u INV ANCW York speakeasies. Sometimes she went with men and sometimes with women. On every occasion she drank liquor, she said. During the summer of 1882, she testified, she visited a West 62d Street speak easy practically every day.'
 Asked if she knew a Peter Crossman, Mrs Jelke replied af- firmatively. She did not know whether he was 8 lawyer, but she was certain that he did not have 8 beard.
 She knew Walter Richards ot 885 Park avenue, New York, but did not know whether he was married or divorced. She recalled a cocktail party in his apartment in the fall of 1892. She mailed out the invitations to this party she recalled, but said she did not act as hostess.
 On September II, 1881, shortly after she and her husband had separated, she said, she, Jelke's son and daughter-in-law "and others had a party at the Atlantic Beach club. For refreshments, she said she went to her husbands apart. ment and took two quarts of whis- key, two quarts of gin, and two bottles of Vermouth.
The Waterbury Democrat., 1933-05-24
Roosevelt Army Boys Are
 Being Moved Into Camps

New Haven, Conn.,. May a. (UP)-Members of the reforesta- tion. hardened by weeks of drill- ing at Fort Wright. Fishers Island. today were moved into the camps of the state.
 At Camp Roosevelt. coekaponset Forest, Chester, Company III, composed of iD9 recruits, and four regular army men under command of Capt. William Mihener and Ham Marseilo. moved in yesterday afternoon,
 Before sundown the tents in which ihe men will live had been pitched, and the first camp meal prepared bs ono Of the army men nlded by i've Of the recruits with kltshsn ekpsrlensA saA served.
The Waterbury Democrat., 1933-05-24

Tfmken Roller Bearing made a new top in the equipments.
 Textile issues made new tops; sugars were firm; aviation issues turned up late in the day; gold stocks held small gain; foods ruled strong. Allied Chemical made a new top since 1881 in the chem icals. American Can and U. S. Rubber crossed the 1882 highs in their respective divisions.
 Sales totaled 4,7lO,000 shares, against 3,140,000 shares yesterday. Curb sales were 491,000 against 403,000 yesterday.
 Dow-Jonss preliminary averages were: Industrial, 84.29 up 1.23; Railroad, 40.2S up 1.05; Utility 28.70 up 0.48.
 Aggregate market value of ten leading issues was $6,72O, ,053, ,061, against $6,629,092,972 yesterday, a rise of $90960,089.
The Waterbury Democrat., 1933-05-24
MILLIONAIRES
 MAY PAY MORE

Washington, May 24-(UP)- The house ways and means com mittee will soon be summoned into special session to consider revision of the income tax laws to obtain heavier collections from the Mil lionaire" class.
 This action. prompted by the Morgan revelations at a senate in- quiry was announced today by Chairman Doughton of the com mittee.
The Waterbury Democrat., 1933-05-24

A second Connecticut company. the l72nd, moved from Fort Wright to Squantz Pond. New Fairfield. today. There were i97 men in this outfit. with two army officers and four enlisted men. Six other companies have been assem. bled and are ready to be moved in- to the various camps within the next two weeks. The schedule calls for another company 10 leave Fort Wright tomorrow, one Saturday, and another Tuesday.
 The only delay Rt camp sites now is the necessity Of providing a pure water supply. Austin F, Iiawes, state forester said wells were being sunk whore n1 other supply was available, All water will be tested before the recruits are tEaRsiefseds he saias
The Waterbury Democrat., 1933-05-24
LATE REALTY NEWS

The following real estate trans actions have been filed at the town clerks office.
 Mortgage Deeds J.. F. Smith & Co.,, Inc, to the Hartford Fire Insurance Co.,, property on West Main street at Commercial street. $55.000. Daniel M. Rogers to the Wa terbury Savings Bank. property on Colonial street, $3,500.
 Mortgage Releases Lena A. Wallace to Claude V. Badger.
 Hartford Fire Insurance to tho City Lumber Co.
The Waterbury Democrat., 1933-05-24
INLllIiIen rATAL.LY.

Hartford. cogn., May s5--fpp) 's.lsfncFt lteulnnHer, 4s, wns lnjur- ul faiyIly yesterday afternoon heu no for from n second noor ssanold. ilis skull was fractured.
The Waterbury Democrat., 1933-05-24
WAGE INCREAsE,

Wilmington. Del. May 24--tUP) --The Louis Miller Shirt Company, of Wilmington, today announced q 10 pep cent increase in the wages pf ali it's employees. Approximately 1oe persons arc employed ~ me plant
The Waterbury Democrat., 1933-05-24
INVESTMENT TRUST QUOTATIONS
 Eurnished by c. T. OULHANn co, INC. es Center Street

"A MN American 6 General secsIA s,z ii American & General
 Secs Corp $s pfd .. s2 l2 Associated Natiopal shs 4% SH Associated standard oil
 Stocks .I....... 4x 4x British Type Investors
 Class A .......... 70 .95 Century shares ...... 15H 17M, Div shs ......... i.f7 1.2e Diversified Trustee
 Shares B ....... Diversified Trustee
 Shares O ......... &.56 S.OU Diversified Trustee
 Shares D .... AZ First Custodian Shs x. 300 $40 Fixed Trust Shares A 7.S7 Fixed Trust Shares B $40 Incorporated Investors 15N 16M 'ns Shares ..... i.eo a.1s Int Sec Corp of Amer
 ica 64o pfd ....... IA IS lint Sec Corp of Amer-
 ica e11% pfd ...... IA fS Mass Investors Trust 16h .f7N Mohawk Investment com .....s 3I Sz Nationwide Sec B ... sos SIS North American Trust Shares ........... 1.7S Second International Sec A com ...... fM S5 Second International Sec 6b pfd ........ 14M 1SA Spencer Trask Fund ;. 1sM 1878 Trusteed N. Y. Bank Shares ........... 1.3S 1,S0 Twentieth Cen IT. .. 1885 Twentieth Cent Shs B 2.4O 2.5O Two Year Trust Shares 12H 1873 U. S. Flee Light & Pow Shares A -. ......... 1874 1874 U. S. Flee Light e Pow Shares B ......... 2.4S 2.SS U. S. & British Int Co 8 pfd ............ II
The Waterbury Democrat., 1933-05-24

Bolivia has Q shortage of mer- chandise. particularly luxuries.
The Waterbury Democrat., 1933-05-24

English landscapes will be shown on British postage stamps if a campaign now on is successful.
The Waterbury Democrat., 1933-05-24
New York Curb Market

NEW YORK CURB MARKET Furnished By Iioody Mcclellan C0
The Waterbury Democrat., 1933-05-24
Cocktail Parties
 for Mrs Jelke

(Continued from Page 1.)
The Waterbury Democrat., 1933-05-24
LOCAL BANK STOCKS
 Furnished by c. T. CuILHANE CO, INO., 68 Center Street
Connecticut Securities Quotations Furnished by The R. q. Griggs Co.

PUBLIC UTILITY STOCKS
Imperial Valley press., 1933-11-04
LIVESTOCK FOR SALE

FOR SALE.-Good herd OF milk
goats, cheap. Good proposition to
the right party. Apply or write to
R. P. Garmire, 2O8 Magnolia ST.,
Ell Cajon. l7tf
Imperial Valley press., 1933-11-04

WANTED-Men and women agents
capable of selling general in
surance. Good new deal. Apply in
person. 759 Main st. Ell Centro.
1t6
Imperial Valley press., 1933-11-04

FOR RENT-Houses, furnished and
unfurnished. large and small.
Marie Land, Mission Apts., 235
North Sixth st. 21tf
Imperial Valley press., 1933-11-04

STONE INSURANCE AGENCY
Thank you for $1,000 draft, full
payment fire loss on merchandise.
And your rate was much better"
A Satisfied Client
Phone 248 or 387 831 Main
Imperial Valley press., 1933-11-04
EXCHANGE
REAL. ESTATE BARGAINS

WILL SELL ALL OR PART of
improved 91a acre tract, IL mile
south. Modern house, chickens,
rabbits, goats, hay. All equip
ment for chicken farm, with wa
ter all time. Inquire Mrs. Nor
ris, Press Office. oh
Imperial Valley press., 1933-11-04

WANTED-Competent middle-aged
housekeeper, room, board, small
salary. Apply 562 Sandalwood.
2t3