davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-04-18
BONDS IRREGULAR
On LIGHT TURNOVER
Hiuh.Grade Group Lower.
German Issues Are
Again Heavy.
BY CHARLES F. SPEARE.

Special Dispatch to The Star
NEW YORK, April l8.-There were
few striking changes in today's bond
market. Some slight suggestion OF
response to inflationary talk was to be
found in a number OF high-grade issues:
The German list was again heavy ana
there were moderate reactions In the
United States Treasury loans.
Among the high-grade issues under
pressure were the Northern Pacific IS,
which broke ~ points. At the same
time the prior lien As were fractlonaliy
lower. Atchison general As and BAL
tinlore & Ohio As reacted, as did Union
Pacific first As and Pennsylvania 414s.
Similar tendencies were shown by the
better quality public utilities such as
Consolidated Gas 4l2s and 5l2s and
American Telephone g. Telegraph os.
Canadian Pacific 4l2s, however, were
up point.
The industrial group showed the
largest fluctuations On account Of
the further cut in the price Of news
print, International Paper SIS dropped 2
points. National Dairy Products, 5lis
we're off nearly point, as were Dodge
6s.
In contrast was the rise of point
in American Smelling & Refining 5s.
The speculative public utilities ike In
ternational Telephone & Telegraph, In
terborough Rapid Transit and Western
Union were all heavy.
The decline in German dollar loans
was quite sharp in some instance,
notably the Agricultural Bank IS.
which lost 2 to points. The Govern
ment SIPS and rs were down early "a
to l point. list of 10 active German
loans shows an average decline of 80
points from the high of the year. 1t
Is safe to say that there has been a
shrinkage in market value, since the
Hitler government took control, Of
s2500oo,0 900 in Germany's external
loans.
French issues we're steady, as were
those of Italy, Brazil, Canada, Australia
and Japan. There was slight recovery
in Uruguay Bonds which yesterday
sold at new low price. Three years
ago these were regarded as one of the
best credits in South America.
Trading in United States Government
loans was slow and price changes
moderate The remarkable decline in
money rates in the past month has per-
mitted the Treasury to sell discount
bills at less than y of per cent COM
pared with 4.25 per cent early in March.
There was good reception to the
Edison Electric Illuminating Co. OF
Boston issue today.
Evening star., 1933-04-18
GOLD STANDARD RETURN
IN ENGLAND FORECAST
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. April 18.-Should the
World Economic Conference meet with
success and should satisfactory solu-
ton be found to the debt problem. the
Alexander Hamilton Institute believes
that EngIands increase in gold holdings
would mean an early return of Great
Britain to the gold standard. Says the
Institute in its current bulletin:
The weekly statement of the Bank
of England, of April 6. showed gold
holdings at E177, 7,359, ,908, the largest
amount of gold ever recorded. On jan
uary IL of the present year, shortly
after Great Britain had paid to the
United States S90000000 in gold on
account of war debts, the gold holdings
of the Bank of England amounted to
f12O,544.l05 Thus, during short
period Of three months, the Bank OF
England was able to increase its gold
holdings by about f57,0oO,0O0."
Evening star., 1933-04-18
ADVANCES IN METAL
MARKETS ARE NOTED
Steel and Copper Lead Way in
Upward Trend During the
Past Week.
BY the Associated Press.

by the ASSOCldlcO FIcSS'
NEW YORK, April 18-Advances
were reported in practically all metal
markets last week, although demand
became less active at the higher levels.
Copper was fairly active. Buying came
chiefly from foreign and speculative
sources, while domestic consumers were
reserved in their purchases, apparently
awaiting definite announcements OF
production curtailment or shutdown Of
mines. However. the market was with
out official confirmation of such re-
ports, and while some producers were
holding electrolytic "a cent higher at
5la cents, smelters were offering at
53s cents.
Steel ingot production rose three
points to an estimated 1912 per cent OF
capacity on increased demand from a
variety OF sources. Automobile manu-
facturers were outstanding buyers, but
specifications were also released for
rails. tin plate, bars and sheets. Prices
held steady. Following recent active
demand for pig iron, somewhat quleter
conditions prevailed, but prices held
frm.
Evening star., 1933-04-18
CRUDE OIL OUTPUT
SHARPLY REDUCED
Drop of 7O8,308 Barrels Is
Reported in Daily Aver.
age Production.
BY the Associated Press.

by tnc hSSOClhtcu ElcSs.
TULSA, Okla April 18-The unusual
drop Of 708,308 barrels in the daily
average crude oil production of the
United States over 2-week period
was reported today by the Oil and Gas
journal and attributed to the partial
closing of the Oklahoma City and East
Texas flush fields.
Production dropped last week from
2.230902 to 1891 ,348 barrels daily, a
decrease of 339,554 barrels in the daily
average. The preceding weeks drop
was 1868 764 barrels.
Texas production declined from 975,-
667 to 682,833 barrels day. due chiefly
to decrease in East Texas from 434,-
410 to 139,750 barrels a day reported
from journal private sources.
Oklahoma production dropped from
$780, $40 to 335,620 barrels.
Production in California climbed from
463 900 to 468, 500 barrels.
Kansas production increased from
120, ,985 to l2l $40 barrels; Eastern pro-
duction dropped 1000 to 100000 barrels
and Rocky Mountain output fell from
5,430 to 1929 barrels daily.
Evening star., 1933-04-18
EARNINGS REPORTED.

NEW YORK, April 18 tP.-Kenne-
colt Copper Corporation and subsid-
iaries report 1882 net loss of STOP, 1913
after a Writedown of S1,576 .963 against
inventories. but before depletion. A
special adjustment of s633689 in con-
nection with inventories of Utah Cop
per Co., subsidiary, was charged
against surplus account. For 1881 the
company reported profit of s3,848.827
before depletion and adjustment of in
ventories amounting to 81, 768,502, which
was charged to surplus account.
Current assets on December 81, in
cluding s14,740238 cash and U. S.
Government securities at cost totaled
S36,09l,1 $50. Current liabilities were
S3.l28,825. At the close of 1881 cash
and Government securities were S20,-
434,451 and total current assets SAT-
959,825. Current liabilities were S5,076,-
$50.
julius Kayser & Co. reports first
quarter net loss Of s117,542, compared
with profit of $1sl, ,127 in the preceding
quarter and loss Of $86,256 in the
March quarter of 1882.
Alpha Portland Cement Co. had net
loss of $l,642,167 In the year ended
March 81, against loss Of $907,773 Tor
the previous fiscal year.
Evening star., 1933-04-18
Grain Market

BY the Associated Press
CHICAGO, April 18-Wheat rose
late today to the topmost price which
September contracts have reached this
season and to new high unequaled
in more than a year for immediate de-
livery wheat, 81 cents.
fresh development of speculative
buying on the part Of commission
houses, especially those with connec-
tions East, was mainly responsible, to-
gether with sharp advance Of British
exchange. Adverse crop reports came
from Kansas and Nebraska wheat sec
tions, where heretofore the outlook had
been relatively auspicious.
Oats and barley, as well as wheat.
outdid season high price records. Wheat
closed strong, IL to 2 cents above yes
terday's finish; corn, z to "a up; oats,
IS to q up, and provisions varying
from cents decline to rise Of 2 cents.
Evening star., 1933-04-18
NEW MONEY CIRCULATION
NOW ONLY S19,89O,OOO
BY the Associated Press.

by iIe ASSOS Id ttu EItSS
The amount of the new money in
actual circulation on April II, amounted
to only Sl9,89O,000 on the basis of cal
culation by the Federal Reserve Board.
Only 5 of the y Federal Reserve
banks have avaied themselves OF the
privilege of using this money. these
being Boston. New York, Philadelphia,
Cleveland and St. Louis
New York has put into circulation
Sl2805 900 of the new notes; Phlla-
delphia, S4,330.OOG; Boston, Sl,7l9,000;
Cleveland, 1897 900, and st. Louis,
$4,000
The money is backed by S39, 1858 900
of collateral made eligible under provl-
sion of the Emergency Bank Act, con-
sistlng of s33,724 900 of Government
bonds
Evening star., 1933-04-18
LEDYARD ESTATE VALUED
AT $10,326,4O1 NET

BY the Associated Press.
NEW YORK, April 1s.-The estate
of Lewis Cass Ledyard, who was counsel
to the late j. P. Morgan and the Stock
Exchange, was appraised by the State
tax commissioners Office yesterday at
s10,820,546 gross and $l0,326.401 net
Ledyard died January 27, 1882.
The bulk of the estate went to his
son, Lewis Cass Ledyard, jr., as resid-
uary legatee after the payment of
specific legacies of $3,712,000. Mrs
Isabel Ledyard, the widow, received
S1,000,000 in cash, a s500,000 trust fund
and various personal gifts.
Evening star., 1933-04-18
CHECK TOTAL DECLINES.
By the Associated Press.

BY the Associated Press.
Checks cashed on individual bank
accounts in leading cities of the Fed
eral Reserve system showed 27 per
cent decline during the week ended
April II. as compared with the previous
week. In the table that follows total
debts are given for comparable periods,
as announced by the Federal Reserve
Board:
Week ended April 12 80. s4 ,908, 705, ,0OO
Previous week. 6.I29 6oo,OUu
Same week last year. ...-. 6,723, ,074,ooo
Evening star., 1933-04-18
COAL OUTPUT DROPS.

BY the Associated Press
Production of bitumonous coal showed
a sharp drop during the week ended
April 8 as the output was measured by
the Mines Bureau. In the table that
follows production is given for compar-
able weeks, as reported by the bureau:
Week ended April 8. 1855 900 tons
Previous week. 1856 900 tons
same week last year. .4,645, 900 tons
Evening star., 1933-04-18
PARIS BOURSE PRICES.

PARIS. April 18 CP.-Three per cent
rentes, 10 francs 40 centimes; Az per
cent rentes, $3.50.
Exchange on London. 1920. The
dollar was quoted at 2525.
Evening star., 1933-04-18
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 1S-Cotton prices
on the local exchange today opened up
6 to 8 points, following the higher
market in Liverpool where prices were
unchanged to points higher in quiet
trading.
Initial quotations were May, 6.64, up
6; July, 6.s2. up Z; October, 7.o2, up 8;
December, 720, up 8; January, 726.
up g. March, TAO, up 8.
Evening star., 1933-04-18
Washington Stock Exchange

Washington Rwy- & Elec. 4s-sl 900
at IS.
Potomac Electric go pfd.-5 at 1885,
10 at 1O8 5 at 108ls, 10 at 1os.
Washington Gas Light-l0 at So.
Washington Rwy. g. Elec. pfd.-10 at
817s.
Mergenthaler Linotype-l0 at 1874, 10
at 234, 10 at 23l4.
AFTER CALL.
WASHINGTON Gas IS '60-$500 at 1924.
Bid and Asked Prices.
BONDS.
Evening star., 1933-04-18

Dividend rates in dollars based on last
quarterly or semt-annual payment. sEx
dividend. tPartly extra. tPlus A. in stock
Payable in cash or stock. Payable in
stock Adjustment dividend. I Plus 5Te
in stock. Plus CO in stock. h Plus IL
in stock. Plus 2ec in stock. k Plus 10%
in stock. m Plus 80 in stock. Plus So
in stock . Paid last year-no regular rate
The Waterbury Democrat., 1933-08-04
Lay More Sewers

One of the first requests from the state water commission was recently voiced when its director, General Sanford H. Wadhams, wrote to Bridgeport officials asking them to- seek federal funds for building sewers and for providing sewage treatment. While the commission still remains active not as much has been heard from it in recent years as when it was first created some few years ago. Waterbury received little attention from the board since this city is one of the worst offenders so far as sewage disposal is con- cerned. We are still emptying sewage into the Naugatuek and surrounding rivers, bu, hope eventually to end that practice.
 The Democrat has suggested from time to time that the city might seek federal funds to complete its trunk lines and laterals nec- essary to round out the sewage system and to create one long line leading into dis posal plant where the wastes would be treated before returning to the Naugatuck river. That's an expensive proposition, but the remainder of the work might be ad- vaneed perhaps five years if federal money was made available for us. We know that other cities in the state contemplate similar action. Why not Waterbury, However that is beside the point
 General Wadhams declares that the sewer needs in Bridgeport are urgent. If SO then we think that the city, if its financial con- dition will permit it, should take care of them. There is nothing that. demands prompt attention more than the sanitation problems for on them hinge the health of the community. While no doubt they aren't endangered in any large Connecticut city the day may come when we will have to turn to the large water supplies that to-day we pollute so carelessly. It's thought to which wise men will give much attention.
The Waterbury Democrat., 1933-08-04
Aldermen-At-Large

New Haven is doing some worrying these days about its board of aldermen. Various schemes have been suggested for electing them at the biennial elections. The latest suggestion comes from David J. Mccoy. chairman of the democratic town commit tee. He thinks that each party should nominate two aldermen-at-large, the three receiving the highest number of votes to be declared elected. One of these three would serve as president. one as majority leader, and the other one as minority leader. There is plenty of merit in this suggestion. but there's still room for improvement.
 In Waterbury now we elect all aldermen at large so to speak, although no such des- ignation is given. Each of the two major political parties nominates slate of eight candidates. Fifteen of the sixteen are de- clared elected. the low man or woman los- ing out. Thus one party can never secure more than eight seats in this legislative body, while the minority will be represented by seven members. Nomination is secured at the city convention of the respective party and while some heed is paid to residence there is no attempt to accord equal repre- sentation to the various districts or wards.
 In this we have often thought that our city fathers erred. In practically every leg islative body in this nation there is some thought paid to equal representation. In congress we apportion one member of the house to a definite number of people. the population of the state governing the num- Der of representatives. In our state assem- plies similar means of apportionment are supposed to be followed. Unfortunately re- apportionment occurs too seldom in the state. In law-making body in city or town sinilar respect should be paid to existing districts SO that every section is we'll repre- sented and can secure such attention as may become necessary.
 Once upon time we elected aldermen from the wards, but that was dropped in favor of the present method. We're not so sure the move was such good one. There are many sections of the city now without representation such as they should have. In the long run they may not suffer any more loss than those districts represented on the board. but we often think they do. And anyway in representative form of govern ment there should be every effort made to sec that all taxpayers and voters get their just demands from the city which they sup port.
The Waterbury Democrat., 1933-08-04
Century Trees

In little public park, center of the busi- ness section in mid western village. is tall tree with big iron ring around it bearing this inscription: Please let me be, upon this tree, until century see. The ring was placed there in 1873 by the local black smith, who was also sculptor, and who loved trees. He disagreed with careless generation whose fathers had cleared away the forests and who still fought the growth of new trees. He, was spiritual brother to another citizen in the same state who. few years before, had planted trees on his own village common and stood guard over them with gun, night after night. for fear of their being cut down by indignant citizens.
 The tree referred to has been suffered to grow now for 60 years and is gradually fill ing out the ring The blacksmith apparent ly guessed about right as to the size. A hundred years is not a great age for trees. especially elms and oaks. Yet it is pitiful how few century trees there are in Ameri- can cities. Any community may well take pride in them They do something to; and for, town.
The Waterbury Democrat., 1933-08-04

rstinue. He enjoyed the fun devices. par ticularly the shooting gallery. the freaks in the side show. and the roller coaster. It is true that Abyssinia isn't any great shakes as a nation. but what it lacks in world im- portanee it makes up in dignity and pomp and ceremony. Incidentally it is the only sizeabie part of Africa that has been able to keep out of the clutches of the western world. SO apparently the arts of statecraft are not unknown.
 But the prince didn't make any high-flown speeches about modernizing his somewhat primitive country. for apparently he and his ruler-kinsman have no desire to ape the way of the western world And he didn't have lot of problems to get off his chest to add to the bewildering array that have been dumped on these shores by envoys of other nations. No. the prince saw all the grandeur of New York -'and reached the conclusion that good amusement park to provide di- version for bis fellow -countrymen would be a most desirable thing. Many will believe that the mission of this descendant of King Solomon was vertically success! as few missions are.
The Waterbury Democrat., 1933-08-04

Application to Governor Cross to order the practice of charging parking fees in state parks and forests stopped Is intimated in re- cent dispatches throughout the state. The re- gently published announcement that park ing charge of 25 cents was being asked at several of our state parks including the three shore-front ones. occasioned considerable crit lcism. Senator Raymond J. Devlin of New Haven, now judge of the city court there. was one of the first public officials to ex- press his criticism publicly. He denounced 1t In no uncertain terms. He was among those who opposed the bill granting the state park and forest commission the right to impose parking charge. Chairman Lucius F. Robinson, ST, of Hartford stated this week the charge was necessary for the upkeep of the parks, since the appropriations are no longer adequate. No doubt there is much in what he says but is there not some question about the legality of the action taken by the park authorities? In view of the fact that legislative permission was thought necessary this spring for such move, we should think it would still be required. If possible our parks should be free to all, gust as municipal ones are to the taxpayers of their own community. If the charges are necessary though. then the state fathers must heed this demand and provide the necessary funds to do away with all such charges.
The Waterbury Democrat., 1933-08-04

Thirty New Jersey. Delaware. and Penn sylvsnia towns and cities have opened "a drive to clean up the Delaware river. No more pollution of the stream is their motto. Now if those back of this drive can only secure the cooperation of every town along the river it may be successful. But where there is only 50 per cent cooperation in a movement of this sort complete success is never achieved. And where stream pollution is concerned, it is absolutely necessary for all cities. towns. individuals. and manufact- uring plants to end the practice of dumping raw sewage and wastes into convenient bod ies of water before pollution can be checked Then it requires some time to restore the former purity of the water if it isn't an active body.
The Waterbury Democrat., 1933-08-04
IN MIDSUMMER
Hartford Courant)

(HartfOrd COurdHtJ
 We are launched upon the sea son of thunderstorms and heat waves when August arrives, TOT the Dog Day period begins With July 25 and ends on fSeptemper 6: there may be "a little ieeway' but in general the period con- forms rather we'll to the dates mentioned and between them al- most anything may happen. we experience intense heat. otten- times a drought of destructive pro portions or freshet conditions as Tn fHaS in July. and in September of 1907. In July of 1889 the rainfall in this city amounted 1925 inches and in September fof 1906 1t reached 11.56. August has general ly been conservative in the matter of precipitation but not in the mat ter of heat.
 Since the establishment of Q weather bureau station here Aug ust secured a mean temperature of 7S.6 degrees in 1928. The month is young yet but with the record made during it's, first two days ai- most anything Is possible. When elderly persons, interested In me tcorolosy, look sourly upon crit. icisms of heat and say. Why. remember when" untilS they are In scianger of. assault, leave theil beds and roam about their homes at 2 o'clock in the morning, ths kweather is more than normally warm.
 We, trust and !, hope, especialiy hope, that the worst has occurred and we .ahOtlld not hesitate to tel the weather bureau as much, # I
The Waterbury Democrat., 1933-08-04
The Consumers Turn

The change in relationship between pro- change in relationship between seller and buyer. High pressure is giving way to service. It is already observable. says a writer on business topics. and the trend is likely to become more pronounced soon. The securities bill passed in the last session of Congress represents one phase of the development. That bill puts the marketing of securities on an honest basis, with full and accurate information available to the buying public.
 A similar bill is said to be under con- sideration to do the same thing for adver- tising in general, eliminating the extravagant and often ridiculous claims made for rival products and replacing them with actual facts. Some advertisers have been ahead of the trend and have been doing this type of advertising for some time. They have found that the novelty of simplicity and frankness in their ads has brought increased business.
 Consumer research is another fairly new element in the changed relationship between seller and buyer. Consumers are to be asked to state how they want the product made. what price they consider fair. and many other questions. One concern which has already tried this out has received hundreds of thousands of helpful suggestions. If the consumer knows his luck, he'll rejoice that at last he is to be considered as a candidate for service rather than as victim to be plucked.
The Waterbury Democrat., 1933-08-04
 Letter"
By MARY KNIGHT
United Press Stan Corresponden

Paris (UP)-There is the pos sibility that Max Reinhardt, Ger man producer, will stage a French vefsion ow Chauve Souris this win- ter here. Hidden away on the Cote d'Azur, near Saint Tropez. where he has been vacationing, he admitted that this would be very much to his liking.
 .'This is a musical work which I would like very much to pro- duce," he, said, flor at the present time the musical theatr is com- pletely stagnant. Music has evolv- ed in its own sphere and; dramatic are in it's sphere, with the result that modern operas andoperettas are nothing more than comedies cut with song, whereas the real musical spectacle ought to be a solid amlgamation in which music and action, as in life. blend into the thoughts and gestures"
 Reinhardt has been correspond ing with Paul Valery. whose "Am- phion," in his opinion, is a true amalgamatfon of music and action as indicated above. For Paris l foresee a production which already exists, because do not find among the works a number of authors have suggested to me any which are superior. When choose some. thing well known, will adapt 1t for the French stage.
 | The German producer always has had a weakness for Parisy and has expressed the hope that his work here will be indefinite, Up. on, concluding his quiet vacation at Saint -Tropez, Reinhardt expects to leave for Salzburg where he will assist at the Mozart festival last. ing through August. g