davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-05-04
STOCKS IN RALLY ;,
AS MARKET CLOSES
Buying Wave in Late Deal
ings Puts List at Re- !
cent Highs.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, May 4.-Stocks closed
strong today on top Of a buying wave
that sent prices to approximately the
best Of the recovery.
Strength in the market was based On
expectation of a constructive address
by President Roosevelt before the
United States Chamber Of Commerce
IN Washington tonight The market
had also the text of the Presidents
message on railway reorganizatioh,,
which, however, followed the lines ala
ready discussed.
General Motors was the outstanding
leader at the end. taken in large blocks
at a new high for the year. Alliea
Chemical jumped nearly points on
short covering, Air Reduction was very
strong and practically all the railroad
stocks were higher. 20
Wheat closed 7s to 1Aa1h cents
higher, cotton advanced and most Of
the minor commodity markets recoy:
cred earlier losses.
Sterling exchange was up 81 cents
in the late afternoon.
Stocks opened somewhat under We'd
neSday's finals. Traders who had
bought earlier in the week felt the
urge to take profits following the infia-
ton vote In Congress. Their offerings
brought mild recession, but on slightly
lower volume of business. For an hour
or so the market was reactionary, buo
before noon it had recovered its poise
and was moving forward under the
leadership of the railway shares. 10
During the early selling the coppE
stocks lost part of the gains made
in the last hour of the day before and
there was selling in such issues as
Allied Chemical, American Can and
General Motors. Oils on the Other
hand rallied on the hope that some
solution Of their problem would be
worked out at Washington. The steels
were well supported throughout as was
logical considering the optimistic re-
ports from Pittsburgh and Youngs-
town. Communication shares did well
also, especially International Telephone
and Postal Telegraph preferred. Amer
lcan Telephone ran up q point or SO.
oe-SStcd gold stocks were 10 OeInanq,
with Dome Mines at new years higk
The feeling in the Street was that some
sort of reaction was due, but all that
happened was a slight check to the
advance. There were too many traders
waiting for some such sell-off to ac-
quire stocks TO permit any decline to
go far. ."
Evening star., 1933-05-04
SHOE SALES LEAD
IN FIFTH DISTRICT
Groceries Second and Hard
ware Third in Returns
for March.
BY EDWARD C. STONE.

According to the Federal Reserve
Bank of Richmonds monthly review,
received here today, shoe sales made
the smartest gains in March, over Feb
ruary, of any Of the leading wholesale
lines as reported by 81 of the largest
firms in the fifth district. Groceries
stood second and hardware close
third.
While shoe sales were of 20 per cent
from March Of the previous year, they
were 28.9 per cent above the total for
February, 1888. They were l8 per cent
lower than in the first quarter of 1882.
At the same time stocks on hand were
25 per cent lower than In the like pc
riod last year and 10 per cent lower
than at the end of February, 1888.
During March, "A per cent of outstand-
ing receivables were collected.
The Richmond Reserve Bank reports
that groceries sales were off IL per cent
in March, compared with the same
month a year ago, but were IA per cent
ahead of the wholesale business done
in February of this year. Grocery sales
were off only II per cent in the first
quarter while stocks were Is per cent
lower than at the end of March, 1882.
On March 81 stocks were IL per cent
higher than at the beginning of the
month Grocery collections during the
month were the best of any of the five
lines. up SO per cent.
Wholesale dry goods firms made an
interesting record. In this line sales
were off only 80 per cent from March
last year, and were up So per cent from
February, 1888. In the first quarter
dry goods sales were l per cent lower
than in 1882. Stocks at the end of
March were IL per cent lower than
year ago and per cent lower than on
February %, while % per cent of the
money due on March l had been COL
lected BY March 81
Evening star., 1933-05-04

NEW YORK BANK STOCKS.
Quotations as of 2 o'clock.)

NEW YORK, May IP).-Over-t -ths=
counter market
Evening star., 1933-05-04

for reorganization as submitted by the
State Banking Department which per-
mits it to open on 100 per cent basis.
The stockholders voted to reduce the
present capital from a par value of SIS
to SO, to exchange ten shares of old
for one Of new and to sell $500 addi-
tional shares Of new stock. Applica-
tion for admittance to the Federal Re-
serve System viii be made
Evening star., 1933-05-04
new YORK EGG MARKET

NEW YORK, May Especially -
Quotations for eggs In the wholesale
cash market today were:
Mixed colors: Special packs, 16Aa
TN; standards, 16a16A; storage
packed frsts, 15Aa151k; frsts, 15K;
seconds. 13Aa14A; medium, 13Aalt:
dirties, 13hal4; checkk 124al2h,
Evening star., 1933-05-04
PARIS BOURSE PRICES.

PARIS, May (P-Three per cent
rentes, IS francs 95 centimes; Az per
cent rentes, $500. 80
Exchange on London, 84.55. The
dollar was quoted at 2155. ,o-
Evening star., 1933-05-04
U. S. TREASURY BALANCE,
By the Associated Press

BY lhe ASSOCIated PreSS. ''''
Treasury receipts for May 2 were
S573 454,977.89; expenditures, $685.
SAG ,013.77; balance S545, ,869 $50 81.
Customs duties for two days of May
were 81 1,5379 95788. ~
Evening star., 1933-05-04
Lanston's Annual Meeting Today.

At the annual meeting Of the stock
holders OF the Lanston Monotype Ma
chine Co., held at Alexandria this noon,
the present directors and officers were
reelected. including j. Thilman Hem
drick, chairman of the board. George
w. White, president of the National
Metropolitan Bank presided at the
meeting.
President Harvey D. Best reported
that the world depression had again
been felt in the company'S business
during the year. and there had been
decrease in sales.
Net operating profits. after taxes but
before depreciation, amounted to $69,-
TAB 48, the report showed. After all the
usual charges, however, the Monotype
company had net loss for the IL
months of s79,06923.
The directors declared dividend of
81 per share payable on May l. Dur
ing the year Lanston Monotype has
paid total of S310, 0,62050 in dividends,
the report stated.
While the headquarters Of the Lans-
ton company are in Philadelphia, the
concern operates under Virginia char
ter For that reason the annual stock
holders meeting Is always held In
Alexandria.
Evening star., 1933-05-04

Whites: Nearby selected, 19ha21:
western receipts, specials, 17ha19;
standards, 16za17; under grades, 15a
16. Browns: Nearby and western spe-
cial packs, 17a19; standards, 16a16h.
Evening star., 1933-05-04
Bank, Insurance Stocks Up.

New York City bank stocks recovered
sharply during April, Holt, Rose &
Troster report. After having reached
a new 1898 low of 1858 on April S, the
average of II active issues rose to
high for the month of Alp on April
20. The close April 20 was at 46.70,
for a net gain over the low OF 27.8
per cent.
Insurance stocks in the New York
City market appreciated during April
from the lowest to their highest levels
of 1898. Opening April / at 1890, the
new low for 1888, the average of 20
representative issues closed April 20
at 2728, a new high for 1888 and
net gain on the month Of 37.1 per
cent.
"The main reason for taking hope
full view of business is the growing evi-
dence of stability, which constitutes fair
evidence that deflation, If 1t has not
been halted, at least is losing its power
to depresS the existing scale OF activity.
Moreover, most industries are closing
the gaps between present levels and
those Of a year previous, says Standard
Statistics.
Evening star., 1933-05-04

Sales OF Stocks ON New York Exchange
1890 A.M....... 100000 1900 Noon - s1o ooo
1880 Pm. 2,86OOO0 1.10 PM es6oo oOo
Dividend rates annual cash
0osea on the latest ausEter
stock Payable or stock Pius a. IN stocf e
IN specal preferred stock Payable in this year
Evening star., 1933-05-04
Bank REORGANIZATION Plan,

HAGERSTOWN, Md. May 4 (Spe-
ciaD Stockholders of the Farmers
q Merchants Bank approved . plan
Evening star., 1933-05-04
Avery Joins Building Board.

Walter B. Avery, builder and con-
ington Permanent Building Association
yesterday at the annual meeting of
stockholders Of that organization. Mr..
Avery succeeds the late John Waldman.
reelected as follows: E. j. Sacks, presi-
dent; John Henderson, vice president;
c. j. Bergman, treasurer; Hermann H.
Bergman, secretary; C. Rammling,
John H. Clipper, James R. Ellis. c.
Chester Caywood, Max Walten, Joseph
N. Saunders, Clyde H. Miller, directors.
The association is now in its fifty
second year. It's formation resulted
from a series of conferences held by
small group of men at Gustave Hartig's
hardware store, at Seventh and K
streets northwest, early in 1881.
Evening star., 1933-05-04
Today's Trading on Exchange.

AOuoy 4A"NAhS VAl GACudnSCs
Business was quiet on the Washing
ton Stock Exchange today. The first
three sales were in Potomac Electric
Power 515 per cent preferred stock,
which moved at 1861.
After call Peoples Drug Stores pre-
ferred appeared on the board for the
first time in some weeks. A small lot
sold at rs, attention having been turned
to the stock following the recent quar-
terly report, which showed slight in
crease in earnings over the same period
in 1882
The only bond sale today was in
Washington Railway & Electric As,
81 900 changing hands at 841s.
Kol5 Resigns From Bank Board.
At the meeting of the board of direc-
tors of the Washington Loan & Trust
Co. yesterday afternoon Mr.. J. Leo
Kolb rendered his resignation as a
member of the board, which was &C
cepted with regret.
Waggaman, BraWner g. Co., Inc, are
distributing a circular on Incorporated
Investors, which is one of the oldest
mutual investment funds in the United
States. In estments consist of carefully
selected, high-grade common stocks
Dividends have been paid each year
since organization, in 1925, the circular
states.
Evening star., 1933-05-04
Hardware and Drug Sales.

Wholesale hardware business made
good showing in March. Sales were but
z per cent under March, 1882, and 1879
per cent better than in February of the
present year. During the first quarter
sales were within SO per cent of the
same period year ago. Stocks on hand
at the end of March were IL per cent
lower than on the same date last year,
and l per cent lower than on February
%, 1888. The months collections were
27 per cent of receivables.
Drugs seem to have dragged along
more than the other four lines. Drug
sales were 26 per cent behind March,
1882, but 2 per cent above February
Of this year. In the first quarter busi-
ness was off 16 per cent. Collections,
however, were good in March, 48 per
cent of the receivables being taken in
during the month.
In summarizing the wholesale trade
situation in the fifth district, the Rich
mond bank says that the 81 wholesale
firms in the district sold more goods in
March. 1888, than in February this year,
a seasonal increase, but in comparison
with March, 1882, sales those for
March, 1888, were lower in dollar
amount in all lines reported. All five
lines for which data are available re-
port lower total sales for the first
quarter of 1888, in comparison with
sales in the first quarter Of 1882.
Evening star., 1933-07-15

SOO0 Chi Ry SIS ~ B 10 IL 117s |
Bond sales today, $1,000.
Evening star., 1933-07-15
New York Cotton

Special Dispatch 70 The Star
NEW YORK, July 15.-After an early
advance on news that the acreage re-
duction campaign had been a success,
the cotton market today met the heav-
lest profit taking in some time and not
only lost all the improvement, but
closed u to 10 points lower than yes
terday.
Lukewarm cables and the first gen.
eral showers this month in some cf the
drought sections of the Southwest ir-
f1uenced sentiment. Spots were reduced
20 points to 11.40.
Selling appeared to be mainly profit
taking, several prominent operators re-
oucing lines accumulated during the
recent advance.
In the event of 100000 acres eing
withdrawn from cultivation, it was esti-
mated the yield would be reduced ap-
prcXimatelt 3.5GG,00O bales and as the
average private estimate has been in
the vicinity of 100000 bales for the
1888 crop, this would indicate between
100000 and 100000 as the prob
able harvest. depending upon future
weather conditions. With a carry-o7er
of approximately 12,0G0,000 bales. the
supply would point TO about 100000
bales for the coming season. With a
$4,000, 0,000bale consumption during the
current season. a $4,000 .000-bale con-
sumption the coming season would re-
suit in a carry-over of 100000 August
/, 1884.
Evening star., 1933-07-15
CARLOADINGS DROP
BROUGHT BY HOLIDAY
Week Brings 94,S51 Decrease, but
Heavy Increase Over 1882
Period.
BY the Associated Press.

By the Associated Press.
The American Railway Association
announced today that car loadings Of
revenue freight for the week ended
July 8 were 539,233 cars, a decrease Of
94,85l-due apparently to the Fourth
of July-under the preceding week. but
an increase of 1926 over the preced-
ing week in 1882.
Railway officials had expected a
slackening, due to the holiday season.
Loadings of all commodities showed
increases over the same week in 1882.
Miscellaneous freight loaded was
200,039 cars. a decrease of &c. 162 below
the preceding week. but 49,769 more
than the corresponding week of 1892;
less than car-lot merchandise. l46.33l,
decrease 25031 under the week before,
but 3,l61 over last year; grain and
grain products, 44,940. decrease, l,l83
under the preceding week. but l4647
under last year: forest products. 81 ,440,
decrease. 6,679 under the preceding
week. but 10.068 above 1892 ore, 16.358,
decrease 1055 under the preceding
week. but 10,918 over the 1882; coal,
80. 1872, decrease. 2l.920 under the pre-
ceding week, but 30,387 over 1882; coke,
$3.50, decrease. $40 cars under the pre-
ceding week, but 3790 over last year
and 1,170 over 1881. and live stock.
13.483, decrease 1,181 below the pre-
ceding week. but 555 above the same
week last year.
Evening star., 1933-07-15
Washington Produce
WHOLESALE PRICES.

Butter-OEe e-pound prints (93 score).
29 tub. %; one-pound prints (92
score). %: tub, 27; one-pound prints
80 score). 81; tub, 26.
Eggs-Government graded, extras,
%: mediums, 10; standards. 49, hen
merry whites, l7al9; fancy, No. l, Is;
current receipts, 13al4.
Poultry, alive-Tur.ceys, hens, 10;
toms, g. chickens. Plymouth Rocks. 15a
20; mixed colored, 13a15; Leghorns, 13a
IA; hens, mixed colored, 1la14; Leg
horns, Sa9; roosters, 5a6; capons, 25a28.
Poultry, dressed-Turkeys, hens, 13;
toms. IL; chickens, Plymouth Rocks,
16a17; mems, mixed colored, HALT; Leg
horns, 11a12; roosters, Cat; capons.
28a31.
Meats-Beef, 10; veal. 10: lamb. 10;
pork loins, IL; fresh hams, IA: smoked
hams. Is; strip bacon, l6; lard, 8l2;
compound, 8.
-watermelons, 25a75; canta-
loupes. North Carolina. Ridgeways,
2.25a3.oo; other varieties, bushels; l.ooa
1.25; apples. Transparents, 40a1 90;
lemons. 450a6O 90; lines, Persian, 3ooa
$50: honeydews. California, 200a2.50
North Carolina, baskets. 1.50a2. 90;
honeyballs, 2.o0a300; plums, 150a2. co.
figs 5Oa75: currants. 800; blackberries,
25Oa3O0; huckleberries, 800: blue
berries. quarts. 35a40; pineapples.
Jamaica. 900; alligator pears. 1.50a2. so;
raspberries. red. 25; black. 1872.
Observation-Disclosures. new. 3.75a4.25;
old, 100-pound sacks. $50; sweets,
bushel, 125a1.35 beets, per 100 punches,
25Oa3OO; carrots, per 100 punches. $50
a3Oo; corn, LOCAL Is; peppers, 50a75;
lettuce, Iceberg. 400a4.50; New York.
50a75: turnips, bushel, 50a60; cabbage,
75a1 90: okra. 1.50a2.00; spinach, 100a
LBS; kale, 50a60; tomatoes. bushel, 300a
400; string beans, 1.00a150; limas,
1.50a2.25; squash. 100; celery, 500;
cucumbers. 50a1 90; onions, 50-pound
sacks, l.50.
Evening star., 1933-07-15
BONDS.

(Copyright. 1888. stand. STATISTICS Col
Evening star., 1933-07-15
PRICE MOVEMENTS
NARROW IN BONDS
Argentine Governments Again
Marked Up, Some Hitting
New Highs.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, July 15.-Narrow price
movements and moderate dealings
marked bond trading on the Stock Ex-
change today.
With what now appears almost
monotonous regularity, the Argentine
governments were again marked up,
many of them to new high prices, along
with Switzerland 5i2s. German gov
ernments were a trif1e higher and
United Kingdom rs lower after OPEN
ing firm.
American Smelling & Refining SIS and
Armour 412s were strong spots in the
better grade of industrials, rising to
new high levels, but the volume of trad
ing in the industrial division again con-
verged around speculative issues such
as Botany Consolidated Textile Mills
6l2s, Colorado Industrial IS and Keith
IS of 1916.
Rails Turn Upward.
Later the better grade rails turned
upward including Reading Alps of 1897.
During the first hour most of the Junior
rails inclined to heaviness though they
were moderately active. Public utility
interest centered largely around the
communications, where Western Union
IS of 1860 led the way to new high
ground. In the local traction group the
higher-priced mediums, such as Inter
borough Rapid Transit Is of 1882, were
most briskly bid up.
Demand for Canadian carriers con-
tinued, several of the issues of Canadian
Pacific and Canadian National quickly
duplicating previous peaks. In the case
of the latter much of the recent buying
10 % tlNo 70 or hot n
stands to benefit by the closer relation
ship between the American and Domin-
ion dollars.
Cost Millions.
In recent years the wide spread be-
tween these two currencies has cost
Canadian National several million dol
lars annually. Now much of this is
being saved. although half of the roads
commitments for the present fiscal year
ending December 81 we're met before
the near parity obtained. This will
mean a loss in savings" from any
amount figured out on month-by-
month basis, assuming that the near
parity continues.
The pound sterling, which until re-
Gently was far below par in Canada,
seemed to offer a chance to offset the
rising of the Canadian dollar to near
parity in the United States.
Last Minute Trading.
In the last half hour Detroit Edison
IS of 1852 were a shade lower, typify-
ing movements in that group. Inter
national Telephone 5s at 5S eased.
Union Pacific is retained their early
gain. Japan 612s around 80 were up
2 points and at a new maximum for
the year. American Metal 5i2s at SO
were off p point. St. Paul Adjust
ments and International Great North
ern Adjustments we're active, but ranged
slightly lower Standard Oil of New
Jersey IS rcse - a new high at 10514
French Is at 125 were down couple
of points. Talk of higher anthracite
price and the gain in loadings of hard
coalers helped both coal companies
and carriers in the last few minutes
OF dealings. United States Govern
mentS we're not much changed at the
close.
Evening star., 1933-07-15
Monument to Newsboys.

RIO DE JANEIRO (P-This capital
as given thought to the urchins who
ell newspapers. On the initiative OF
the newspaper A Note. statue OF
Svpical newsboy was unveiled on the
Avenida Rio Branco. Bands played,
orators spoke and several thousand
school children paraded.
Evening star., 1933-07-15
Baltimore Markets
Special Dispatch to The Star.


BALTIMORE, Md, July 15.-White
potatoes, new, barrel, 1.75a425; sweet
potatoes, bushel, 50a1 90; yans, bushel,
65aso; beans. bushel, 50al 90: aspara-
gus, dozen punches. 1.00al25; bsets,
100, 1.0oa200; cabbage. busheI, 50a
65; carrots, 100, 1.50a250: celery,
crate. 1.75a225; corn. dozen, 10a25:
cucumbers. hamper, 20a50; eggplants,
crate, l.00a1.75; lettuce, crate, 40a70;
lima beans, bushel, 150a2.25; onions,
bushel, 75a1.25; peppers, hamper, 35a
so; tomatoes, hamper. Local 25 ;
squash, hamper. 25a40; peas, bushel.
125a1.75; apples. bushel, 25al15;
grapefruit, box, 2O0a2 so; oranges, box,
3.00a375; peaches, bushel, 1O0a30o
blackberries. crate, 2.00a25 so; cherries,
basket, 75a1.00; watermelons, 16a35;
huckleberries. crate. 2.50a40o; canta-
loupes, crate, 1.0oa2.75; raspberries,
pint, 4a8
Dairy Markets.
Live poultry-Young chickens. 15a22;
Leghcrns, 12al5; old hens, 12a15; Leg
horns, 11a12; old roosters, Tag; ducks.
7a14; pigeons, pair. 10a15.
Eggs-Current receipts, Halls: nearby
flrsts, 16a17; hennery whites, 15a20
Butter-Good to fancy, creamery,
pound, 21a26: ladies, 17a1S; store
packed, Halls.
Evening star., 1933-07-15
ARMOUR OF ILLINOIS
MAKES REIMBURSEMENT

BY the Associated Press.
CHICAGO, July 15-A plan for re-
adjusting and simplifying the capital
structure Of Armour & Co. ullinois) 4,
was announced by officials yesterday.
The plan. which must be ratified at
a special meeting OF stockholders
August %, creates single class Of capi-
tai stock out of its three classes, the
Z per cent preferred, class A and class
B common.
Each stockholder will receive 7la
shares of the new stock for each share
of the existing preferred issue; one
share of the new stock and nine stock
purchase warrants for each six shares
Of the class A. and one share and IL
stock purchase warrants for each IL
shares Of the class B.
Evening star., 1933-07-15
Chicago Grain

BY the Associated Press.
CHICAGO, July 15.-Rising faster
than a cent bushel a minute. wheat
scared a maximum Of 57s cents today,
and closed wildly. The finish was with
in g cent of the days top, S1.23A
just 134 under the dollar and a quarter
mark at which many spectators had
aimed as their immediate objective.
Rye. corn oats and barley all re-
flected the wild advance Of wheat. The
corn market and barley both outdid
the seasons previous high peak.
Before the whirlwind advance of the
wheat market slackened. multitudes of
buying orders swept constantly into the
speculative pits. which was crowded to
overf1owing with brokers. Offerings of
wheat were relatively scarce until
wholesale profits taking set in.
Evening star., 1933-07-15
Cash Register Adopts Scale.

DAYTON, Ohio, July IS P,.-Adop-
ton Of a maximum work week Of 10
hours fer all 1895 employees of the
National Cash Register Co. and a mini
mum wage scale, effective Monday. was
announced yesterday by E. A. Deeds,
chairman Of the board The minimum
wage for men will be 35 cents an hour
and a S14 a week scale for women
The new schedule comes close on the
heels of the 10 per cent salary increase
granted all employees, effective this
week.
Evening star., 1933-07-15
CURB IS IRREGULAR
WITH HH|GHER CLOSE
Last Minute Rally Staged.
Strength of Gold Stocks
Feature.
Special Dispatch to The Star.

NEW YORK, July 15-Curb Ex-
change stocks closed irregularly higher
today after rally in the last Is minutes
of trading cancelled a number Of small
losses.
Strength in the gold stocks was the
feature of the session. Wright-Har-
greaves mining joined Lake Shore mines
in new high ground in the last half
hour and the whole group pushed ahead
under spirited bidding
Utilities participated In the late rally
after showing easy tendencies most of
the session. Electric Bond &, Share
overcame fractional decline and closed
unchanged on the day. Cities Service
slipped off Is point.
Evening star., 1933-07-15
CHICAGO STOCK MARKET
BY the Associated Press.

BY the Associated Press.
CHICAGO, July 15.-Following is the
complete official list of transactions in
stocks on the Chicago Stock Exchange
tnday
Evening star., 1933-07-15
GOLD STOCKS INCREASE

Monetary gold stocks of the United
States increased during the week ended
July II, as the change was calculated
table that follows the total stock is
given for comparable periods. as an
nounced by the Board:
Week ended July 12.. 81 .319. 100000
Previous week ........... 4.31S. 900 900
Same week last year. ...... 3,o3o, ,0O0, 900
Evening star., 1933-07-15

,ra Dviaend n,Io,n rates IN dollars based on last
dividend. tPartIy extra. +Plus A. in stock
Payable in cash or stock. b Payable in
stock e Adjustment dividend. I Plus 5Fe
in stock. Plus 60 in stock. h Plus lGe
IN stock Plus 2% in stock; Plus 10y
in stock. . Paid last year-no regular rate.
Evening star., 1933-07-15

Bourse Is Closed.
BERLIM, July IS (R.-The Berlin
Bourse was closed today, hence there
was no quotation On the dollar.
Evening star., 1933-07-15
Gold Seen as Debt Eraser.

WELLINGTON. New Zealand LP).-
Organization of a national gold mining
expedition with a view to wiping out
the national and municipal debt has
been suggested by members of Parlia-
ment from Canterbury.