davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-02-01
CARRIERS LEAD
BULL|SH BOND
DEALINGS

NEW YORK, Feb. 1 dNsJ.
The bond market turned UP
briskly in the forenoon today, with
heavy buying of rail and domestic
corporation liens carrying a long
list Of issues to new highs on the
recovery.
st. Paul IS A led the carriers
with a squirt Of 112 points. Gains
OF fractions to a point were re-
corded in the Baltimore and Ohio
412s; Chesapeake Corporation IS,
Rock Island convertible 412s,
Kansas City Southern IS, Illinois
Central 434s, New York Central
41as new, Southern Pacific 41as
Of '69, and Western Pacific 5s.
Medium grade industrialS to
forge ahead were the Interna-
tional Telephone 41as of 80 which
gained 11a points, and y. s. Rub
ber IS which turned up a point.
American Waterworks SIS fea-
tured the investment loans with
q gain Of a point. Consolidated
Gas 41as; Atchison General As
and American Telephone IS Of go
grained fractionally.
German 512s, Denmark 512s
and Belgium 612s were in demand
In the foreign list.
q. S. Governments were moder-
ately improved, with small gains
In Treasury IS, and Treasury 14S.
The Washington times., 1934-02-01
n. {. IS LEADER.
IN TOBACCO
By international News Service

BY International News Service
North Carolina headed all
States in the production Of to-
bacco products in 1888, the In
ternal Revenue Bureau announced
today.
That State yielded $1s7,Os2,s11
in Federal cigarette taxes and
$21, 1892 in taxes on manu-
factured tobacco and snuff, both
gains over the previous year.
Pennsylvania was the leading
producer Of cigars, $3,693,773 in
taxes on them.
Virginia was second for cigar
cite taxes with $94,O20,283, a
large increase over 1882. Ken
lucky paid $27,752,632 in ciga-
rette taxes, a loss from the year
before, while New Jersey ranked
fourth with $14,631,115, a sub
Stantia1 gain.
Other leaders in taxes for
manufactured tobacco and snuff
were:
Ohio. $3.50, 500; Illinois, $5.-
S54, ,459, and Missouri, $5,354,459.
The entire tax on tobacco pro-
ducts was $409, ,308, 1921, compared
with 1887 ,271, 1859 the year before.
The Washington times., 1934-02-01
Market Bound Higher,
Logic Tells Haney

operations" and is reminiscent Of
1929. It Is the sort of thing that
makes the stock market unsafe
for democracy.
The latter fails to recognize
that the passage of the money
bill has been discounted" by all
thoughtful persons, and that it is
nothing new. Only if the PreSi-
dent were to announce a determi-
nation to devalue the gold dollar
to so or SIS per cent Of its old
content would there be anything
new or unexpected.
Bears Little on Initiation
Furthermore, the passage of the
bill has very little to do with "in.
flation." The factors which are
making for initiation and a real
depreciation Of the paper dollar,
are Government debt and the alb
sence Of any redeemability Of pa
per dollars. These remain the
same.
There is no stabilization of the
dollar internally, and there can
be none as long as the budget is
so unbalanced by Government
spending, and the Administration
clingS to the policy Of price lift
ing by currency manipulation.
The point is that so many peo-
pie misunderstood these things,
that they are likely to rush into
the stock market for unsound and
inconsistent reasons. This might
put the market out Of line with
actual conditions, and require re-
adjustments.
Prices Eventually Higher
So it is not clear whether the
recent run-up is actually the be-
ginning Of a considerable advance,
or a sort of blow off" to be fol
lowed by reaction.
But it now seems to be a rea-
sonable inference that (subject
to the limitations mentioned above
prices will move higher event
ually. Thus there is reason to
conclude that one should continue
to hold sound stocks, and if able
to do so intelligently and to run
the risks Of stock ownership, to
buy sound stocks.
What do I mean by Sound"
stocks? I mean reasonably priced
stocks which are backed by con-
servatively financed companies
showing fair earnings and earn
ing prospects. The average
man" should not gamble on the
chances that some company may
get 9 large share Of the liquor or
the airplane business, nor that q
pool" may run still higher a stock
which already sells for 80 times
earnings.
The Washington times., 1934-02-01
Coffee and Sugar
Trading Is HeaUu

NEW YORK, Feb. 1.-Coffee
trading, on the New York coffee
and sugar exchange, during Jan.
uary tripled the total of January
last year, while sugar trading
nearly doubled the previous
January'S trading. Trading
amounted to $500 bags of COT.
fee against 274,250 bags last year,
a gain of 1914 per cent while sugar
trading totaled 446,450 tons
against 246,950 tons in January,
1888, a gain of 81 per cent.
Both markets were advancing
ones, coffee gaining 80 points, or
10 per cent while sugar values ad.
vanced % points, or 1853 per cent.
Individual statistical-political de.
velopmentS, in addition to the gen.
orally better sentiment in other
markets, were responsible for the
climbing prices.
The Washington times., 1934-02-01
LIST HITS
. BEST LEVELS
Of MOVE

NEW YORK, Feb. / ONS.).
The Curb Market launched .
new phase of the recovery move
ment today with leading issues
pushing ahead sharply to their
best levels Of the advance.
Metal shares staged a vigorous
rally on the higher price quoted
for gold under the new monetary
policy. Natomas spurted 3A
points to 1924, Lake Shore Ia to
443s and Newmont ~ points
at IS.
SpecialtieS Prominent
Specialties came into proni.
nence, with Childs preferred up
3 points at 40.
Hiram Walker featured the al
cohol shares with a gain of 3
points to SIS.
Duke Power was dominant In
the utilities, soaring S points
to so.
Gulf Oil was the pace-setter in
the petroleum group, jumping 2A
points to 75A.
Cities Service Jumps
Atlas Corporation and Penn
road were in demand among the
investment trusts.
Cities Service bentureS
jumped 1A points to 461a, while
the preferred gained 5s to 20M
and the common held steady
at 3A.
Utility bonds showed a strong
tone.
The Washington times., 1934-02-01
Exports of Wheat
And Corn Are LOIUe1'

Exports Of wheat (including
flour as wheat) from United
States and Canadian ports as re-
portetd to Dun & Bradstreet for
the week ended January 81, 1884,
totaled 3,2S7 $50 bushels. as COM
pared with 5,191,77O bushels in
the previous week and 3,500,361
bushels in the corresponding week
Of last year.
For the season, July i to date,
wheat exports aggregated 1913, ,433,-
237 bushels, as against 1856, ,S02,-
116 bushels for the same period a
year ago.
Corn exports for this week were
$4,000 bushels, compared with
1000 bushels in the preceding
week and SO, 1892 bushels last year.
For the season corn exports to.
tailed $4,000 bushels, as against
3,811,742 bushels for the like period
in the previous year.
The Washington times., 1934-02-01
NeIU Gas Announced
By Standard Branch

LONDON, Feb. 1.-E. A. Rad
ford, chairman Of the Petroleum
Storage and Finance Corporation,
a Standard Oil of New Jersey con-
cern, announced today that the
company proposes to market a
new alcohol-gasoline spirit under
the name Of cleveland Discol' by
Easter.
He stated that in conjunction
with OILERS Company, which pro
duceS bulk industrial alcohol in
Great Britain, and after exhaust
i've tests an alcohol petrol blend
had been produced which com.
pletely satisfied their technical
staff.
The Washington times., 1934-02-01
Demand for Spots
Fair at Liverpool

LIVERPOOL, Feb. / UNS0.
There was a fair demand for
opening spots. Prices were firmer,
receipts totaling 10000 bales, In
cluding 4,800 American.
At noon, middling fair was
7.28d; strictly good middling,
6.83d; good middling, 6.50d;
strictly middling, 6.38d; middling.
6.23d; strictly low middling, 6.0Sd:
low middling, 5.83d; strictly good
ordinary, 5.63d, and good ordi-
nary, 5.33d.
Futures opened steady, with
March at 5.96d; May, 5.95d; July,
5.95d; october, 5.96d: December,
5.98d.
The Washington times., 1934-02-01
FUTURES
UP IN QUIET
TRADING

CHICAGO, Feb. / G.N.SO.
Grains average moderately
higher in rather quiet forenoon
dealings here, making only slight
response to formal devaluation
Of the dollar.
An accumulation of buying
orders sent prices % to Rc
higher at the opening but prices
fell off when scattered realizing
developed.
Near mid-session wheat was 1s
to Ac up, corn unchanged to
Bc up, oats 1sc up to Zee down
and rye 2sc up.
Liverpool wheat was VI to u
pence higher shortly before the
close, Winnipeg 3s to 1ac up near
mid session.
The weather map showed no
precipitation in the southwest
and the forecast was for clear
and warmer. Dust storms were
reported in some sections of the
belt.
Estimated carlotS: Wheat, II;
corn, 80, and oats, z.
The Washington times., 1934-02-01
COTTON MAKES
NEW TOPSFOR
SEASON

NEW YORK, Feb. 1 d.N.sJ.
President Roosevelt's dollar de-
valuation announcement brought
. rush Of buying into the cotton
ring today, with futures climbing
to new tops for the season be-
fore being checked by heavy
profit taking.
Trading in the early dealings
was confused. Ring observers
reported heavy selling orders
above the market in the early
trading, spot firms sold a lot of
May and July and New Orleans
made scattered sales.
Profit taking on a big scale
came through wire houses. The
trade appeared to be the princi-
pal buyer, with new buying from
outside speculative sources lack
ing. The Far East and the Con-
tinent made light purchases.
Around midday the run Of con-
tracts showed gains of IL to 13
points, with March up 13 at
11.50, May up IL at 11.65, July
up 13 at 1872, and october up
13 at 11.99.
The Washington times., 1934-02-01
Hog Prices Advance
As Supply DUUiNdLes

CHI CA G o, Feb. l Q.N.S0.
The hog supply on sale was ex-
ceptionally small today and in
spite Of the increased processing
tax the market advanced 10@15c,
which brought the best light hogs
to $500. Most good hogs sold at
$3.70@3.85. Receipts were $4,000.
Cattle receipts were 5000. The
market was active and strong for
lightweight steers and slow for
the heavy. Cows and heiferS were
steady to strong. Stockers and
feeders sold steady.
The sheep market was steady
with receipts 1000.
The Washington times., 1934-02-01

last Wednesdays high. So the
logic of the situation indicates
that the market is headed for
still higher levels.
OF course, we must always re-
member that some unforeseeable
change at Washington might
occur. The usual technical" dips
in the market are also to be
allowed for, and something of this
sort is likely to follow such a
squirt as Tuesdays. But, allow
ing for such considerations, the
action of the market indicates a
willingness and an ability of the
market to move still higher even
tually.
Even the bulls should desire
some reaction. Technical reactions
tend to keep the supply Of stocks
adjusted to the demand, and to
prevent weak "pyramiding." They
allow cautious buyers to come in
at better prices. Such a reaction
has been expected. I doubt that
it will be very cevere, and am in
clined to think that there are
enough people considering pur-
chaSes of stocks to insure good
buying.
Things To Be Stunned
Two things which any friend of
the market does not like are, Cd,
the recent tendency to bull all
sorts of minor speculative issues,
and (2), the widespread notion
among the less thoughtful people
that the passage Of the money
bill" is the signal for an imme-
diate initiation, or depreciation of
the dollar.
The former indicates much
speculative gambling and pool
The Washington times., 1934-02-01
LOadings Increase
For N. Y. Central

A further moderate increase in
car loadings of the New York
Central Railroad last week is re-
ported, placing the total nearly "a
per cent above the 1888 level.
Cars handled directly in the
week of January ~ aggregated
38,523, against 32,961 last year.
Receipts from connections were
54,151, against 43,263, while the
total for the period was 92,674'
compared with 1924 in the like
1888 period, a gain Of 21.6 per
cent.
The Washington times., 1934-02-01
Lines on Trade
BettermentS

Boom in hardware sales ex-
ceeds all expectations, says Hard
ware Age. Coffee trading
triples and sugar dealings nearly
double in January in New York
market. Production Of zinc In
December nearly 50 per cent
above like 1882 month. Lead
production up nearly One-third
in same period Montgomery
Ward reports January sales 40
per cent higher than in 1888. ..
National Cash Register sales
more than so per cent higher
in December than in correspond
ing 1882 month month. Price
for Stock Exchange seat jumps
$4,000 over last previous sale.
The Washington times., 1934-02-01
POWER OUTPUT
HIGH IN WEEK
By International News Service

Electric power production last
week continued to run far ahead
Of last year, respite a moderate
seasonal recession from the previ-
GUS weeks output, the Edison
Electric Institute reports
Output in the week ended
January q was 1,610,542, 900
kilowatt hours, 9.6 per cent
above the like 1888 week, The
preceding weeks total of 1924
846,000 kilowatt hours was 9.5
per cent above last year.
At the same time, for the third
week in a row, production also
exceeded the corresponding 1882
week. Two years ago the weeks
output was 1,5S8,967 900 kilowatt
hours.
The Washington times., 1934-02-01
Department Store
Sales RepOrted In

NEW YORK, Feb. 1 G.N.SO.
Department store sales in De-
cember in the New York Federal
Reserve Bank district were AZ
per cent above those Of the like
1882 period, with liquor sales in
cluded, while the gain without
the liquor volume amounted to
only u per cent, the reserve bank
reports.
Sales Of reporting wholesale
firms were 16 per cent above De-
cember, 1882.
For the full year department
store sales were 6 per cent lower
than in 1882 despite expansion in
business after March.
The Washington times., 1934-02-01
". E.. Telephone Co.
Nets S5.82 O. Share

New England Telephone and
Telegraph Company reports net
income for the year of 1888 Of
$7,764,977, after taxes and charges
equal to $5.82 a share on common
stock. This compares with net
income of $8,999,876, or $6.75 a
share in 1892.
The Washington times., 1934-02-01
Dividends Best
Since 1880

NEW YORK, Feb. Flavor
able dividend changes in Janu-
ary, numbering 1873, were more
numerous than in any month
since December, 1880, while
unfavorable changes, totalling
So, were fewer than in any
January since 1929, according
to the Standard Statistics Com
pany Of New York. Another
favorable factor in the record
for January was the payment
by 81 companies Of portions
Of the arrears on cumulative
preferred dividends passed dur
ing the depression, paving the
road to later assumptions. De
tailed figures comparing Janu-
ary, 1884; December, 1888;
January, 1888, and January,
1882, follow:
Jan. Dec. Jan. Jan.
1884 1888 1888 1882
The Washington times., 1934-02-01

"
that If the vol
ume of trading
held up and
scattered bull
ish Operations"
continued, an
other attempt
at the. WedneS-
day high might
be made.
Well, Monday
brought a rise,
a nd Tuesday
saw bulliSh op-
erationS in large
volume, which
poked the aver
ages through
The Washington times., 1934-02-01
BY LEWIS HANEY
Professor Of Economies
New York University

On Monday I said that If the
rise in stocks was not resumed
Immediately a technical reaction
would be likely. I also suggested
The Washington times., 1934-02-01

NAVAL STORES
NEW YORK, Feb. 1 UN.SD.-Lin-
seed oil per pounds, 9.S, carlots. Turpen-
tine, firmer, SAN. Rosin, firm, COM
mon, AIS.
The Washington times., 1934-02-01

CHICAGO CLEARIMGS UP
Clearings through Chicago
banks during January totaled
1921 800, 900, as against $794,8OO,-
900 in January, 1888.
The Washington times., 1934-02-01

stock and cash (d) (O) Paia this
(h) Payable in stock. Cm) Payable scrip. Cn) S% IN
stock. (ww) With warrants (xw) without WarPaHE&
(") Ex.dividend ~ Ex-rght&
Dividend rate IN dollars pArenthsS!R (NOtsl S1GS
AfvfdSnd1 published through regular dividOn0 period
The Waterbury Democrat., 1934-10-09

Jackie; corresponding secretary, Marjorie Farley: recording secre- tary, Bertha Blanchard; treasurer, Attorney Fredeick c. Smedley.
 Chase Kimball reported on ques- tionnaires sent out to congression- al candidates to learn their atti- tudes or international issues. Miss Farley reviewed the peace poster exhibit that appeared in the YMCA lobby and at the Bronson library over which the storm of protest was raised.
 These posters will be used in a membership drive in the form of mass meetings in various parts of the city.
 Approval of the Nye munitions investigation was approved in a resolution passed with Connecticut Congressmen urged to support it. The council gave approval to the American Legion plan of drafting capital during war time, but the matter was tabled until an exact copy of the plan can be studied.
 MT Kimball reported that only two countries in Europe, Russia and England seem to have passed the economic crisis according to observations ne made last summer on his European tour.
The Waterbury Democrat., 1934-10-09
OBITUARY

DONALDSON-Word has been received of the death of Charles Donaldson who died suddenly in Edinburgh, Scotland. MT Donald son left here few weeks ago for a three months trip to Scotland. Previous to his sailing he was af- filiated with the Hotel Elton.
 He is survived by his wife, Mrs Agnes Donaldson and two sons, John and Stuart Donaldson of this city. Burial was in Edinburgh, Scotland.
 GRIFFIN-John H. Griffin, age 72 years, of Al Grand View avenue, eelvator operator at the Miller & Peck store on South Main street for many years, died at St Mary's hospital yesterday after 8 three weeks illness. MT Griffin was born in Argyle, N. r., and was a resident of this city 35 years. He was a member of Sheridan council Knights of Columbus.
 He is survived by his wife, Lot tie M. Griffin; son, Loren and a brother, Thomas, the last named of Argyle, N. r.; two nieces and two nephews.
 The funeral will be held from the Bergin funeral home, 290 East Main street, at S:30 o'clock tomor- row morning with a high mass in the Blessed Sacrament church at 9 o'clock. Burial will be in the family plot in Calvary cemetery.
The Waterbury Democrat., 1934-10-09
FUNERALS

The funeral of Mrs Joseph Piet- rorazio was held this morning from the home on Davis street, Oakville Ito St Mary Magdalen's church where a solemn mass of requiem was celebrated at g o'clock. Burial was in Calvary cemetery. The pall- bearers were: F. Capalupo, A. Lat tanzio, A. Ciriello, A. Romano, V. Caunico and G. Cirul1o.
 The funeral of David s. CarfoIite took place this morning at S:30 O. clock from the Bergin Funeral Home, 290 East Main street to Our Lady of Lourdes church where a solemn mass of requiem was eel ebrated at g o'clock by Rev Joseph Valdambrini. Burial was in St Ray mond's cemetery in New York. The pallbearers were: James GarbarinG August Casagrande, Charles Clem- ente, Roy Crosby, Frederick Bauby and Thomas Bowling.
 The funeral of Joseph Cassou was held this morning at S:30 o. clock from the Belleyille Funeral Home, 6S East Clay street to St Ann's church where a solemn mass of requiem was celebrated at g o. clock by Rev E. A. Lamontagne. Burial was in Calvary cemetery. The pallbearers were: Patrick Clasby, Donald Keefe, James Egan, Victor Menard, Thomas O'Neill and Joseph Pronovost.
 The funeral of Mrs Mary M. Coddington was held this aftef1 .k <x,n f11a RnrHiv1 Funeral Home, 290 East Main street. Rev Thomas Feltman, off, cioting. Burial was in Pine Grove cemetery.
 The funeral of Mrs Mary Gill lette was held this morning at 8:3O o'clock from the Lunny Fun eral Home, 25 Central avenue to the Immaculate Conception church where a solemn mass of re- quiem was celebrated at 9 o'clock. Burial was in new St Joseph's cemetery. The pallbearers were: Irving F. Campbell, Edwin F.. O'Connor, Leland c. Bronson and Emil Bruneau.
 The funeral of Mrs Agnes Smith will take place tomorrow morn- ing at 8:sO o'clock from the Cola santo Funeral Home. 934 Bank street, to St Stanislaus church; where requiem high mass will be celebrated at 3 o'clock. Burial will be in Calvary cemetery.
 The funeral of Charles L. Black man took place from the Alder son Funeral Home, 70 Central avenue this afternoon at o'clock. Rev Joseph O. Todd officiated. Burial was in old Pine Grove cemetery.
The Waterbury Democrat., 1934-10-09
GRIEVE, BISSET & HOLLAND, Inc. ai;'. sat

man whose baby he was accused of murdering. stood at various distances from Hauptmann and asked him to repeat after me the words:
 "'Hey doctor, come here
 II had him repeat those words at intervals. Each time stepped back four, five or six paces until finally the distance between Haupt mann and myself was approxi- mately 50 feet.
 sIn the meantime Colonel Lind- bergh had moved around In an- other direction and come to my side. During the entire interval asked Hauptmann to repeat other words and sentences. Finally closed the scene and went to my office with Colonel Lindbergh.
 "TIe told me that he was certain that the voice he heard in St Ray nond's cemetery and the voice of Hauptmann were the same.
 "I regarded 1t as highly import ant evidence. so important as q matter of fact. that hardly dared let anybody know about 1t. It was several days before even my as- sistants were taken into my con- fidence. regarded it as highly im- portant to the New Jersey murder prosecution and. of course. 1t was essential to proving the prosecu- tion charge"
 Foley said he would go to Tren- ton this afternoon to confer with Attorney General David T. Wilentz in an effort to settle all extradition formalities.
 'I will know tonight when ] re- turn to the Bronx" he said. "just exactly the status of the extradi- ton situation in New Jersey. I in- tend to go over the situation thor oughly because my trial date IS only two days off and don't want any last minute complications"