davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-12-03
MathicSOn Alkali
Bares Plans for
$7,OOO,OOO Plant
By the Associated Press.

NEW YORK. December 2.-Tfe
Mathieson Alkali Works, Inc, today
announced plans for construction of a
large new industrial chemical plant, to
cost in excess of 100000, at Lake
Charles. La, and the purchase of ex-
tensive salt rights in Cameron Parish,
La, for raw materials.
The new plant, which Is to be in
operation by the end Of 1884. will pro-
duce soda ash, caustic soda and other
chemicals and will augment facilities
of the company's plants at Saltville,
Va, and Niagara Falls, N. Y.
Raw salt will be transported from the
salt beds in Cameron Parish to the
Lake Charles plant through pipe line
in the form of brine. In connection
with the expansion the company has
purchased 1000 acres in Calcasieu
Parish.
H F. Hyland, secretary-treasurer of
the company, confirmed the filing of a
registration statement with the Federal
Trade Commission in connection with
the issuance Of new stock 1t is pro-
posed when the registration becomes
effective, to make an offer Of additional
shares Of common stock to present
holders of common on the basis OF one
share for each three shares held.
Evening star., 1933-12-03
DIVIDEND CHANGES
MOSTLY FAVORABLE
27 Include 2 Increases, s Resump-
tions, 13 Extras and 4 Initial
Payments.
By the Associated Press.

BY the Associated Press.
NEW YORK. December 2,-The
number Of favorable dividend changes
continues rather large. There we're 81
such revisions in the last week. says
Standard Statistics Co.. embracing two
increases, eight assumptions, 13 extras
and four initial payments. The total
compared with 20 the week before; un-
favorable revisions numbered II against
in the previous week.
p Favorable.
Increased-United Carbon, South
Penn Oil.
Resumed-Ford Motor of Canada
Glass A, Ford Motor of Canada Glass B,
Johns -Manville pfd:, Calhoun Mills,
Swift & Co., Bruck Silk Mills, Inter-
national Silver pfd., oxford Paper Co.
Extra-Hazel Atlas Glass, Haloid Co.
Hawaiian Commercial & Sugar, Natomas
Co., Scott Paper Co., Hercules Powder,
Clinton Trust Co., Canada Northern
Power, Montreal City & District Savings
Bank. Monsanto Chemical. Buffalo
Ankerite Gold Mines, Pacific Finance
Corporation of California, Wright-Har-
greaves Mines. Ltd.
Initial - Bancamerica Blair Corp.
Plimpton Mfg Co. T. G. Bright & Co.
pfd., r G. Bright & Co. common.
IL Unfavorable.
Decreased-City & Suburban Homes.
Canada Permanent Mortgage Co.,
British Columbia Power Corporation,
North Shore Gas Co. pfd.
Passed-Western United Gas l. Elec-
trio 6Iae Co pfd., Western United Gas &
Electric SO pfd., California Ink Co.,
Canadian Car Foundry pfd., Time.
Inc, common; Time, Inc, pfd; Scovill
Mfg. Co., Will l. Banner Gambler pid.
Evening star., 1933-12-03
Exchange Topics
BY ROBERT DENVER.

NEW YORK, December with
speculative initiative at virtually a
complete halt as far as stocks were
concerned, the share market did
not reflect the weakness which charac-
terized wheat most Of the day. The
grain market ran into selling generated
by reported liberal rains in the South
west. But it also was unsettled by the
nature Of developments involving Ar
gentine wheat In the world markets
Another factor, and one which some
people believe has accounted for the
reactionary mood of the Chicago pit
recently, Is the prospect for increased
Federal supervision Of grain specula-
ton under the proposed code for grain
exchanges to which strong objection
has been raised.
Wall Street, by reason Of the relation
which brokers' loans bear to the stock
market picture has naturally always
watched the trend of such borrowings
closely for its cue. In these days, with
new financing at minimum and treas
ury offerings periodically making up
the bulk of new securities coming on
the market, brokers borrowings doubt
less register pretty closely the rise and
fall of demand for funds TO finance
operations in listed securities. More i'm
portant to some people, however, than
brokers borrowings is that item cover
ing loans of ''non-broker" borrowers on
security collateral. The change in the
latter long has been regarded as an
index to the trend of thought among
important interests. Such loans have
risen sll,000,000 in the last fortnight.
The next few weeks will probably find
bet q l.
rections by the customary selling to reg
lister tax losses which invariably de-
velope in the closing month Of the year.
On this occasion, however, such selling
is likely to be much less factor than
1t was in other years. And evidence
produced by the Senate's Investigating
Committee will unquestionably obviate
the possibility Of such transactions, ex-
cept where the deal involves an actual
transfer of ownership Of the shares in
volved. Ruling within striking distance
of the bear market lows. the utility
stocks. it would appear. will be the prin-
cipal targets Of liquidation of this type.
A few years ago when financing
through the offerings Of additional stock
to shareholders on an attractive price
basis was very much in vogue. the news
of the Mathieson Alkali plan TO offer
stock would probably have enjoyed brisk
reflection r1arketwise. But times change.
and so apparently does the significance
of news, as far as the market is con-
cerned. At any rate, the announced
plan Of the company to offer share
holders subscription rights to stock in
the ratio of one additional share for
each three shares held was without ef
feet Mathieson ruled approximately at
It's previous final levels ii quiet deal.
ings.
Evening star., 1933-12-03
Commodity Price
Changes for Week
BY III. n. McGHL,

Editor McGill Commodity s rvice Inc.
AUBURNDALE, Mass, December 2
R-Commodity prices during the final
week in November again registered a
decline which wiped out practically all
of the advance that occurred during the
first half of the month. The drive to
lower the dollar and the prospect of a
speeding up of gold buying has not to
date forcefully affected the commodity
price level, which is now resting under
the peak of last July. The aim Of the
administration is a commodity price
level comparable with the year 1926
and, although an advance from the
acute low of last February. measures
close to 40 per cent, yet prices in re-
cent weeks have reluctantly followed
the stimulation anticipated under the
gold-control plan and credit expansion.
There Is also the civic works program,
designed to alleviate unemployment and
stimulate purchasing power. During the
last week there were more advances
than declines, but In each case higher
quotations were limited while declines
more than counteracted price strength
and resulted in a moderate revision
downward in the composite price of
commodities. During the week eight
groups averaged higher, four lower,
H4411C lWO 1ClldI1l uIlSIld1lStd
Industrial Prices Rise.
Industrial commodity prices moved
fractionally higher, but the change was
not significant of any pronounced
underlying trend.
Agricultural prices also f1uctuated
within narrow range, but the index
was slightly higher, rejecting a price
mark-up in wheat, cotton, wool and
daxseed.
Live stock quotations, however, con-
tinued to move downward. The ad-
vance In cattle prices was more than
counteracted by further decline in the
average price of hogs, prices dropping
to a low Of SO so, which compares with
high during the early Fall Of S475.
Fuel prices ruled somewhat higher,
characteristics. 1t is interesting to note,
however that the average price OF btu
rninous coal was slightly lower, but
prices of fuel oil advanced, bringing the
index up.
Hide and leather prices continued the
upward trend but the increase was NOT
due to a price mark-up in hides, sole or
betting leather. but to an advance in
calfskins.
Non-ferrous metals. which during
the early part Of November advanced
sharply, turned reactionary during the
last week in the month, averaging low
er due to price weakness in lead and tin.
Vegetable oils and paint materials re-
corded some strength, rejecting the
price mark-up in the linseed oil mar
ket as we'll as China wood oil.
Fine textiles recorded "a slight in
crease, due to the first rise in wool
prices for a matter of two months.
Changes Unimportant.
Price changes in coarse textiles. fer
rous metals, paper and pulp and chem
icals were not substantial enough to be
worthy of any comment.
Most important price changes in the
McGill weekly index 1926 equaling
100 were as follows
Evening star., 1933-12-03
PARIS DETERMINED
TO STAY ON GOLD
U. S. Observers Wonder How
Long Large Outflow Can
Continue.
Special Dispatch to The Star.
BY GEORGE T. HUGHES.


NEW YORK, December a The
French speak brave words anent their
determination to abide by the gold
standard and there is no reason to
doubt their sincerity.
France does not want to 60 through
another initiation experience compara-
bic to that which preceded stabIlization
at the present par value of the franc.
Once is enough for that sort of thing
in a generation. And yet the loss of
gold reported by the Bank of France
this week was the largest Of the series,
amounting to 1,460 100000 francs or
S57, 100000. In IL consecutive weeks
gold holdings have decreased 4.455 ,000.-
GOO francs or Cat par) about Sta
$4,000.
The question inevitably arises as to
how long these losses can go on with
out something happening.
Destination Unknown.
Just where all this gold has gone no
one positively knows. Some of it went
to the British Exchange control, some
to Holland and some to Switzerland,
and some went into private French
boards.
Possibly there were purchases for ac-
count of our own Reconstruction
Finance Corporation, but these pur-
chases are understood to be Of unim-
portant amounts. The hoarders must
believe that any departure of France
from gold, If that comes, will be only
temporary.
1t has been suggested that the French,
II forced to it, would cut the gold con-
tent of the franc overnight. with, of
course, Holland and Switzerland follow
ing suit. The argument in favor Of
such 8 course would be the regaining
Of the competitive advantage now held
by the dollar in international trade.
Those who advance this theory add that
nothing is likely to be done until the
American unit Is first itself stabilized.
The anxiety about the French f1nan-
cia1 position has had one curious effect
It has has reduced % the price Of gold in the
fixed by the London-Paris rate of ex-
change and as the franc depreciates
against sterling, gold declines in sterling.
Spread Is Widened
The result has been that American
banks in London have been selling gold
held for American clients who have
larger profits in sterling and do not
want to see them escape. Presumably
the proceeds are retained IN London.
Dollar stabilization over here would
bring them home in a hurry.
AS Washington continues to advance
its offering price for domestic gold, the
spread between the price on this side
and the London price widens. That
spread, however, is of academic interest
only. There is no free market for gold
in Washington.
If the R. F. c. would buy all gold, no
matter where produced and no matter
by whom offered at the price it sets
in its effort to depreciate the dollar,
then and in that event gold bought in
London would be shipped to the United
States and the profit accepted, until, Of
course, the arbitrate operation brought
the two prices together. But the R. &c.
won't. 1t Is one-way market.
(Copyright, 1893, hv North American News
paper Alliance, 1nc)
Evening star., 1933-12-03
RAIL WAYS CUT DEBTS
TO POOL S6o,O65,475

Loans from the emergency revenues
pooled by the railroads in their self
help program have been reduced to
S69, ,065.475. according to the financial
statement of the Railroad Credit Cor
poraticn as of November 80, 1888, which
has been filed with the Interstate Com
merCe Commission.
The Railroad Credit Corporation be-
San liquiCating June /. 1888. and E. G.
BuckIand president of the corporation,
in letter accompanying the report,
calls attention to the fact that the
cash and special deposit accounts ag-
gregate 1875, zoo. of which s397.359 is
available for general liquidating pur-
poses.
Evening star., 1933-12-03
DOLLAR IS STEADY
AS STERLING DROPS
Closes at $5,1Sla in Terms Of
Pound-Franc Unchanged Just
Above 6.14.Cent Mark.
BY the Associated Press.

BY the Associated Press
NEW YORK. December 2.-The dol
lar was steady in foreign r.;change mar
ketS today The British pound sterling
declined 112 cents to s5.181a and
French francs closed unchanged at
slightly above GA cents after receding
to 6.l0 in early trading. Dutch guild
ers. Swiss francs and Belgian belgas ad-
vanced minor fractions in light deal
ings. German marks and Canadian
dollars were unchanged
Great Britain in dollars others in
cents-Great Britain demand, 518la;
cables, 5.18l2; 60-day bills. 517A;
France demand, 6.1434; cables, 6.149l !;
Italy demand. 828 cables, 828
Demands-Belgium. 2l84; Germany,
3750; Holland, $3.50: Norway, 2606
Sweden, 2674; Denmark, 23.15; Switz-
erland. 3044; Spain, 1888; Portugal,
474'; Greece. 89'; Poland. 1885,;
Czechoslovakia, 464'; Jugoslavia. 2l8';
Austria. 1770*; Rumania. .97'; Argen-
tina. 1929: Brazil. 863*: Toxic.
3O.87l2; Shanghai. 3412l2; Hongkong,
378712; Mexico City (silver pesol 27s8;
Montreal in New York. 10l50; New
York in Montreal, 9s56A. Nominal.
Evening star., 1933-12-03
Trade Trends

By the Associated Press
Industrial alcohol-Distillers report a
fairly heavy buying movement for the
account of the anti-freeze trade.
Rayon-Trade interests describe the
yarn market as "spotty." Some of the
larger producers are said to have indi-
Gated that they will not take any busi-
ress for 1884 delivery until the con-
fused situation in the cloth market is
cleared up.
Chemicals-It is estimated in pro-
ducerS' quarters that the october move
ment of copper sulphate to satisfy do
mestic demand was larger than that of
September and october.
Sugar-The melt of Is United States
refiners from January ! to November
25 totaled 3.485 900 long tons, compared
with 3525,0 in the like period last
year. Deliveries totaled 3.260,000 tons,
az 1885, 900 a year ago.
ClaSsware-The American Glass Re-
view says December brings indications
of continued strength in those divisions
of the glass manufacturing industry
that have been most active of late. I'm
provement reaches into practically every
division of the producing trade and is
specially apparent in the three princi-
pal claSsifications glass bottles and
containers. blown and pressed glassware
ana fiat glass"
Evening star., 1933-12-03
w. & W. HEADS WEIGH
TRACK REBUILDING
Bridges Of Winchester and War
densville Line Also May Be
Strengthened Under Program.
Special Dispatch to The Star.

WINCHESTER, Va, December a.
Plans for virtually rebuilding the Win
chester and Wardensville Railroad
from here TO Gore, Va. and strength
ening bridges between the two places
are being considered by the board of
directors, it was learned today 1t is
possible that the road between Gore
anG Wardensville. w. Va. may be
abandoned, owing to the lack Of reye-
nue from that section.
Directors elected at a stockholders
meeting here were D. H. Ssncindiver
L. Jackson, c. I. Brumback, r. S.
Smith, H. G. Rusk, Hoye L. Riley and
MIS- Edna 3. Balm Officers chosen
by the directors were D. H Sencindiver.
president. F. G. Rusk, vice president;
Mrs. Edna B. Balm, secretary, and
HOye L. Riley, treasurer.
The railroad. line of about 36 miles.
was built during the World War by
the late William B. CornwelI. brother
Of John ]. Cornwel, chief counsel Of
The Baltimore h Ohio Railroad. Y
uses Baltimore & Ohio tracks at Win
chester Its principal tonnage is sand
stone quarried in the vicinity of Gore
Evening star., 1933-12-03
STATE AND MUNICIPAL
, FINANCING TO BE LARGE

NEW YORK, December New
financing scheduled for next week by
IS States and municipalities totals $49.-
oO6,813. most of it in two issues, says
the Daily Bond Buyer. San Francisco
has called for bids Monday on S20.480,-
900 in improvement bonds, while Penn
sylvania will consider tender Tuesday
for S25,000O0O in bonds at not more
than Az per cent interest. Both pros
pective offerings were authorized at
the November elections.
Evening star., 1933-12-03
CHANCES NARROW
IN CURB TRADING
AICohoIs Firm After Decline,
While Utilities Tend
p to Weaken.
BY BERNARD S. OHARA,
Associated Press Financial Writer.


NEW YORK, December 1.-The curb
market closed the week today with
minor changes in extremely quiet
trading. Alcohols f1rmed moderately
after all early sag. Utilities were q
tri1e easy In spots, while metals were
neglected Oils showed scant changes.
Hiram Walker and Distillers Corpo-
ration-Seagrams gained point or more
each. Singer Manufacturing and Mont
gomery Ward "a advanced and 4
points, respectively, both in light
trading Humble Oil, Swift g. Co. and
American Gas & Electric were virtually
unchanged, while minor recessions oc-
Cured in Electric Bond & Share and
Aluminium Co. Of America.
The turnover approXimated $4,000
shares, compared with 100000 last Sat-
urday.
Evening star., 1933-12-03
M00DY'S INDEX SHOWS
SLIGHT LAG IN TRADE
BY the Associated Press

PFeSS.
NEW YORK, December 2.-Statistics
appearing during the last week indi-
Gated slight halt in the recent mod
crate business advance, according to
Moodys index figures for freight car
loadings electric power production and
steel ingot output.
These index figures are adjusted for
seasonal variation-that is, If the
change from the previous week should
coincide with the normal seasonal
change, the index figure would be un-
changed.
Evening star., 1933-12-03
HOME LOANS REACH.
$35, 5,358,O32 TOTAL
Corporation Publishes Composite
Picture of Operations Out
of 257 Offices.
By the Associated Press

By the Associated Press
In the table that follows the Home
Owners Loan Corporation makes pub
lie a composite picture Of II + operations
to date. conducted through 257 State
and branch Offices, including the Dis
trict of Columbia and Hawaii:
Loans made . 1ooOs
Applications tentatively approved. 1904 452
Applications rejected as ineligible-
Before appraisal. ............. 1850
After appraisal. ............... 16lS7
Apollo ations Withdrawn for re-
financing elsewhere. ........... 4s6a
Total ................... cas o6s
The loans already extended had a
dollar value of s35,358,032, while appli-
cations tentatively approved involved
the lending of S454,725, $50.
Evening star., 1933-12-03
FRENCH BOOST INTEREST
ON SHORT-TERM BONDS
By the Associated Press.

BY The Associated Press.
PARIS, December 2.-The French
treasury, hard pressed for money, raised
the interest on short-term bonds
one-half of l per cent effective today,
and interest on savings one-quarter of 7
per cent, effective January / Under
the new regulation. one-month bonds
will pay 12 per cent, two months. 2
per cent; three months, 2l2 per cent.
Evening star., 1933-12-03
(Copyright, 1888, by Moody's)
Commodity Futures.

New YORK markets as compiled by the
CoFFEE-spot steady; Rio No 2. 7ss;
Santos No A. aa9!4. Rio futures closed
March. 6.O9b; May 6o1b: July. 6,3in; Sep
tember: cain Santos futures steady: sales,
o9o Mo9 sb basf ais s4b s4n mrFs
n Nominal. Bid.
UNCHANGED y . : l9NlI. !DIlrmseI: 9lil!
January. BON: March. go; May 9-s5-
n Nominsi. b BID .-0se
iVGAR-FVtnTfS closed steady ! highfl
10 lower: sales. 3,450 tons. December.
s0n: January Y 1a2sl e3: so Marsh lt 2s;
1.44b Raw sugar was UNCHANGED
S1LVHEi ss1aEssss oe6o closes strong, l5sao
44,l0b; January. 44.30b March, .44.80;
May. .46.4 AS, July: 45.e .e6n: September. 46.45n.
Nominal Bid
Evening star., 1933-12-03
Cottonseed Oil.

NEW YORK, December 2 Rl.-
Bleachable cottonSeed oil futures closed
easy; spot unquoted; December, APO
(bid); January, 43O CbidD; February,
4.32 (bid); March. 458 (bid); April,
4.60 (bid); May, 4.8o (bid); June, 4.80
(bidD; sales, Is contracts.
Evening star., 1933-12-03
CURB SEAT PRICE DROPS.

NEW YORK. December 4 pa
New York Curb Exchange raenbersl1tp
sold Yesterday for $4,000, off $4,000
from the previous transaction.
Evening star., 1933-12-03
Texas Exports Coke.

Coke. a comparatively new product
in Texas, will furnish an estimated
$4,000 tons of export business from
Galveston during the Winter months.
Evening star., 1933-12-03
INSURANCE STOCKS
STEADY IN MONTH
Leading New York Issues Fluctu.
ate in Rather Narrow Range
in November. =
Special Dispatch 20 The Star.

Special Dispatch 20 The Star.
NEW YORK, December 2.-Fluctu=
ating within narrow range, insurance
stocks in the New York City market
held steady during November, Holt, Rose
& Troster report. After reaching the
months high of 3214 on November 4,
the weighted average Of 20 issues de.
clined 10 months low Of 2943 on No.
venber %. The close November "a
was slightly better at 1898.
Calculated on closing bid prices, the
range for the month follows .
Evening star., 1933-12-03

Discing Stops Grasshoppers.
Disctng the soil bordering nelds in
tested with krassnoppers last summer
Is one means Of guarding against the
1nfestation next year. -.--
Evening star., 1933-12-03
ORE MOVEMENT CLIMBS.

shipments from Upper Great Lakes
ports last month aggregated 710677
tons against 25O.31o tons in November.
1882.
Evening star., 1933-12-03
Increases Egg Production.

Experiments at North Carolina State
College of Agriculture and Engfn eertng
have shown that mash fermented with
yeast increases and maintains egg pro-
duction.
Evening star., 1933-12-03
CURB SEAT PRICE RISES.

NEW YORK, December 2 GP1.-A New
York Curb Exchange membership sold
today for s26.500. up 1900 from the
previous transfer.
Evening star., 1933-12-03
VOLUME REACHES,
NEW HIGH IN MONTH

NCEV F!UI IL WUN n
By the Associated Press
NEW YORK, December 2-Tradins
in silver on the Commodity Exchange
Inc, last month established a higa
record of 262.250,0OO ounces, compared
with 80 875 900 ounces in November
1882. From January l to the close of
business last Wednesday the turnover
was 1855 ,225,000 ounces, against 295,.
$4,000 in the same period a year ago.
Evening star., 1933-12-03
Commodity Price
Changes of Week

NEW YORK, December 2-1ndex of IS
staple commodity prices December II
1871, equals 100; 1926 average equals
Evening star., 1933-12-03

Quarter Ending September 80.
1893. 1882
American Safety Razor. r...... S0.s4 S0.s4
Holland Furnace ..., IA nil
Standard Cap l. Seal. ...... "a 20
Brilla Manufacturing 1900. .13 10
Nine Months Ended September 80.
Diamond Match ........ 1.19 1875
Twelve Months Ended September 30.
Canadian Hydro Electric Corp t19.61 t2".2S
Ten Months Ended October 81.
Norfolk &; Western Railway. 1858 s.l4
Barcor-Arccstock Railroad :. 4.06 2.s2
Chi, Burl. & Quincy r. r. 2.3s 80
Vlrginian Railway 3.O4 IL
Twelve Months Ended October 81.
GommSnW IN Fhbsc e seqShf; eqvfce CORP .5S9 SLY
Year Ended July 81.
Central Aguirre Associates... Eel 1.S9
preferred.
fFirst preferred.
tCombined preferred.
SCommon.
Evening star., 1933-12-03
CORPORATION EARNINGS.
Quarter Ending September 80.

NEW YORK. December = 0Pl.-Per share
earnings of corporations reporting during
the past week with comparisons with the
previous year included:
Evening star., 1933-12-03

IIHZH weekly average equals 1O0.)
Copyright, 1888, by Moodys)
Evening star., 1933-12-03
Fewer Hogs Exported,

united States farmers In 1852 sold
less than the equivalent of 5000 600
hogs abroad, as compared with 49,
100000 Yen years ago.
Evening star., 1933-12-03
FOREIGN EXCHANGE.

Quotations furnished py w. B. Hibbs & Co..
oold OBJ he
Evening star., 1933-12-03

uses Baltimore & Ohio tracks at Win
chester. Its principal tonnage is sand
stone quarried in the vicinity of Gore.