davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-01-03
OIL MEN AWAIT
COURTS DECISION
Study Starting Tomorrow
Expected to Affect All
N. R. A. Work.
BY WILLIAM VOIGT, JR,,
Associated Press STAFF Writer.

TULSA, Okla, January 3.-As a
contrast to the dull way it entered
1888, the oil industry steps out in the
first week of this year with an impor-
tant court ruling on Federal oil activ-
ity in prospect
At Houston, Tex. three Federal
judges tomorrow will begin considering
their decision in the Amazon" case, in
which group of East Texas operators
nave joined to argue the Federal Gov
eminent was going bit too far in
telling a State regulatory body Just how
great an allowable for its various pro-
ducing fields may be set
The plaintiffs alleged that Secretary
IckeS, the oil administrator, in effect
gave orders to the Texas Railroad Com
mission, and 1t cbeyed, although this
had nothing in Itself to do with move
ments OF petroleum in interstate COM
merce
Oil men of the area feel the ruling
VIII have large bearing on the entire
N. II. A. movement, especially if an
adverse ruling IS forthcoming and is
sustained on appeal
In the opinion of E. B. Reeser of
Tulsa, member OF the Oil Planning and
Co-ordlnating Committee such a sus-
tanned ruling would jeopardize the
N. r. A. seriously.
know Ot no other commodity so
essentially interstate in nature and
use. said Reeser. "An adverse final
decision would not affect oil alone. bur
all other industries as well.
We might reasonably expect this
deVeICpment to be followed by many
lawsuits instituted by c1sgruntled bus
ness men-or those seeking an unfair
competitive adVantage-under all other
codes" ~ -
A significant feature of the litigation.
from the lndustry's standpoint, is tho
TACT that in this case the N. R. A.
again is on the defensive. In the onIv
other attack op the Oil Administrative
to reach the courts. the Panama Re
hnlng action al Tyler, Tex, the plain
I'll alleged it nae a market for a ouan-
tlty of oil above itG allowable and con
tended the Federal and State govern
mentS had no right to deprive it of its
legltlmate business. The plaintiff lost.
Evening star., 1934-01-03
DOLLAR is STEADY
IN LONDON DEALINGS
Closes at $5.15l4 in Terms Of Pound
as Financiers Await Rooss-
velt Message.
By the Associated Press.

BIZ the Associated Press.
LONDON, January 3-The United
States dollar was inactive en- the foreign
exchange market today pending Prcsi-
dsnt Roossvclts address to the American
Congress. closing at 5.I51i to the pound
as compared 10 the overnight quotation,
of $751;.
The Iat2 moved narrowly throughout
the day. gradually easing from the
cpening quotation CT 5.l5i4 until the
announcement that TIL American sold
price vas unchanged brought it back
10 the Cpcnirg level.
Cold currencles were II demand and
closed firm, the French frame being
quoted at 62.7l TO the pound, as cc1n-
pared with its opening o. $3.50.
PARIS, January ; tP).-Three per
cent rentaS, 65 francs 81 cent.meS, A.
per cent rentes, 1890
Exchange on LonLcn. G273. The
dollar was quoted at 1905
Evening star., 1934-01-03
SILVER QUOTATIONS.,

NEW NEW YORK, January (P!-Bar
SILVER steady; Is lower at a.,
Evening star., 1934-01-03
SPECULATIVE RAILS
SHOW VIDE SWINGS
Undertone Now Very Strong
After Perpendicular Dips
and Climbs.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

Specla! Dispatch to The Star.
NEW YORK, January (NANA).-
All through the bear market there
was no one group of securities which
staged more violent fluctuations than
the speculative railway bonds. On the
charts their price curve 'akes up more
space perpendicularly than it does hori-
ZOntally.
Speculative rail bonds dropped 70 per
cent from the beginning of 1881 to The
middle of 1892, from which low point
they rallied over about one-quarter of
the ground lost, dipped again almost
to the previous low Oh or about the
first Of 1888, recovered in the July ad-
vance of that year, slipped back agcin,
and as 1884 opened, ruled steady at
about tWo-thirds of the prices whence
they started on their long decline
But for one drawback they would
have met the one most desirable re-
Qulrement from the standpoint of the
trader who wants above everything else
action for his money. That one lack
was the fact that they could not be
sold short. which, incidentally, was also
one reason why the price swings were
SO large.
1t is suggestive, therefore. to note
that the mdertone of these bonds in the
market today is very strong There is
wide spread between the bid and
asked prices for specific issues, but any
one who wants to acquire them has to
pay the asked price. The sellers are
much more fixed in their ideas of value
tnan the buyers Moreover. the supply
at the offered price is scant. while any
reasonable amount can be sold on the
bid
At last the railway bond market. e,-
Guiding the highest grades, looks thor
0u2hly liquidated. 1t is true that the
buyers 50 far have been largely dealers
and professional traders, but their judg-
ment IS not to be made light Of. 1t is
their business to forecast price trends,
and they are now a unit in looking for
an advance in this type of investment.
Railway Inaturities in 1884 have been
estimated around S54000000 and
there has been much discussion recently
as to who was going to carry the bur
den OF refnanclng Chairman Jones Of
the Reconstruction Finance Corporation
says the Government will help. but the
banks will have TO make the bulk Of
the advances. Whether the banks will
agree to this or not and how far pri-
vate capital can be enlisted remains to
be seen. The point now is that the
market for the outstanding bonds is ex-
pressing confidence that the problem
Will be solved satisfactorily.
tCOpvrlgEt. 1879 by North American News
nape- Alliance. Inc
Evening star., 1934-01-03
Cash Grain Market.

Wheat. no sales; corn, No. 2 mixed
48; No 3 mixed. At; No mixed. 40;
No. yellow, 49a49'..; No, yellow,
48as8i-; No, 4 white. AL: old corn.
No yellow, 49 2a50; No. ? white.
5ll-; oats. No. . white, 81 ass; No.
White, 81 no rye; barley, 48a82;
timothy seed. 50a6.00 CWt.; clover
seed. lI.O0alS.75 Cwt.
Evening star., 1934-01-03
DIVIDEND DECLARED
BY WESTINGHOUSE
Payment of 671)a Cents en- Pre-
ferred Stock Announced After
Directors Meeting.
By the Associated Press

By the Associated Press.
p NEW YORK. January 3-Directors
of the Westinghouse Electric & Manu-
iaCtQrlDg Co. have declared a dividend
OF 87le cents a share on the preferred
stock. payable January 81 to stock of
record January IS.
Although not designated as a regular
disbursement it Is the amount to which
the stock p entitled IN 1888 holders
received the full $3.50 annual payment
Through a distribution Of the COM
panys holdings of Radio Corporation
OF America.
A number of favorable dividend
changes were announced by other COM
|panies.
DennlSOn Manufacturing Co. declared
a 81 payment on its per cent cumuIa-
tive debenture stock on account OF ac-
cumulationS, the last previous payment
having been ST on February /. 1888
|Today's dividend is payable January 4
to stock Cf record January l.
ONO Brass Co. voted two quarterly
Of Sl50 on the per
cent cumulative preferred stock. pay
able January 25. the record date being
january 10. The last dividend on this
issue, regular quarterly payment of
$3.50, was made July IS. 1882.
Draper Corporation declared a special
dividend of 60 cents, payable January
c5 to holdings Of record January >.
Evening star., 1934-01-03
EXCHANGE MAY EXPAND.

NEW YORK. January ,Sp2c.aD -
Commodity EXckcrge. Inc. is now care
fully considering the possibilities for
trading in commodities other than those
these now listed. according to ye2r-end
statement. The exchange row deals in
silver. rubber. silk. copper, tin and hides
The exchange reports that the increase
III silver trading from November. 1892
to November last year amounted to
27l,375. 900 ounces. Ii crude rubber the
increase was 1l2 $50 tors: in raw silk
5.760 bales; in hides. 100000 pounds:
il copper, 1900 tons, and in tin, 100
tens.
Evening star., 1934-01-03
FREIGHT LOADINGS.

Cen.-al Railroad loaded 33.5Il cars in the
wee ,n~ec December 30 coutrssted with
|SS'7i" IN the previous week and G6497 IN
ths me- W5-E last wear
Nabaeh Re- -lroad loaded 9,1T2 cars the
|Teek ended December 10 compared with
same week last -ca,
New York Chicszo & s.. Louis Rail
roac !oacngs totoled HIug for the week
eHdc1 D7Ceu or- :'1. AGAINST Il .o&1 the pre-
yiouS week and o3I the same week II
Southern Pacific loadiras for week ended
DsceMber 30 totaled If,2~l, CGli-asred with
lT.J~i in tie Drey.ous week and i2.lG9 in
the correspondents perlcd last year.
Evening star., 1934-01-03
NEW YORK PRODUCE

NEW YORK. January , lP,-Bu.t,,
al unsettled Creamery higher ina.
eGlTa, l4al!| extra 90 Scorei. Is; frSlt
IISs-!l scores, IL 4al1-. seconds I454a
STOCK unQuoted = faNf'1ls
Cheese, 4o:39::; firmer; prices unchanged.
tsES, 32.3UG; lrregular. Mixed cOIors
special Packs or selections from fresS re-
ce!pts. ~ 2a24 ;. standards and CONNER
clat STANDARDS. @2i2 mediums 30 pounds.
al q QlFtleS. No. !. ~ pounds l.: average
C2ecks. i =. Refrigerators. Standards. iSfs
a 50 hrstS. lGaIN; seconds l5i.alG,
other mixed Colors UNCHANGED
Evening star., 1934-01-03
REICHSBANK STATEMENT.

Berlin January , t5'.-The Reichsbank
Towns changes in RelchSmarks Gold and
bullion decreased 5ilOuoO. reserve in for
elER CurrenCleS increased 2.5l1. 900: bills
OF eEChange and cheques increased 2NS. .935.-
O0o; silver and other coins decreased 81
O5S.0nn. notes on other banks decreased
5,SNj. .uno: advances increased l23.4O5. 600:
investments increased lo@21 900: other as
sets increased 3A.o9~ uuU. notes in circUla-
tlon increased l3",5i5.uun. other maturing
CDlEa'ICGS increased 1870 Nu9.nDU. other
liabilities increased ! 81. Uuu
Total sold holdIngS. %NG.1S.,UOO.
Note C0veraee. lO.9 per cent
Rat CT discount, / per cent.
Evening star., 1934-01-03
CURB LIS! EASES
AS TRADING LAGS
Most Shares Turn Upward
After Sharp Declines
in Afternoon.
BY JOHN l.. COOLEY.

h9SUVIHVtu FTtSS FIHUncIaI WHICH
NEW YORK January 3-The Curb
Market was slightly lower today in light
trading A brief selling furry in the
middle of the afternoon sent values
down l to more than points, but
most stocks recovered substantially in
late transactions.
aluminium Co., American Gas, Great
Atlaptic & Pacific. Parker Rust Proof,
A Q. Smith and DistillerS-Seagram had
extreme losses of l to around points,
and fractional losses occurred in such
issues as Electric Bond & Share. Hiram
Walker, Niagara Hudson Power, Pioneer
Gold and Standard Oil of Indiana.
Commonwealth and Edison advanced
more than point on a small turnover
Evening star., 1934-01-03
ELECTRIC POWER
OUTPUT RECEDES
Shows Best Gain Over 1892 Level
However, Since Week Ended
October z.
BY the Associated Press,

NEW YORK. January 3.-Electric
power output last week registered a
small decline from the previous week
because Of the Christmas holiday hut
showed the best gain over the CORE
spending 1892 period since the week Of
october T. IN u
The weeks outturn, as reported to-
day by the Edison Electric Institute
amounted to l,53e.O02 600 k.lowatt
hours, against 1,656.6I6 600 in the nre-
ced!ng week and 1.4l4.7IO.OO0 in tho
same week last year. The gain over
1892 was SO per cent. which compares
WIN rise OF 6.6 per cent IN the pre-
viouS week.
Evening star., 1934-01-03
Chicago Grain

By the Associated Press.
CHICAGO, January 3.-Grain prices
underwent sharp setbacks late today
following earlier advances.
The setbacks came after the receipt
of President Roosevelt S. message. which
made no mention of monetary policy
Wheat values broke more than cents
from the days top.
Wheat closed nervous, Sis under
yesterdays finish; corn. lila down
cats, 18-l2 off, and provisions varying
from cents decline to a rise of II
cents
Evening star., 1934-01-03
Markets at a Glance
BY the Associated Press.

By me AsaOCIdItu F!tSS-
NEW YORK, January 3-Stocks
easy; late selling furry checked Bonds
irregular. United States Governments
firm. Curb irregular; utilities sag.
Foreign exchanges steady; changes mar
row. Cotton steady; disappointment
over Presidents message: general SELL
ing. Sugar lower, poor spot demand
Coffee steady; commission house selling.
CHICAGO-Wheat lower: monetary
uncertainties. Corn weak. fell with
wheat Cattle steady to strong: best
light steers, $3.50. Hogs sails higher,
top, S3.65.
Evening star., 1934-01-03
us. BONDS FIRM
At SESSIONS END
Some Parts of Corporate
:. List Develop Heavy
Tendency. |
BY BERNARD S. OHARA,

NEW YORK, January 3.-Some parts
\ Of the corporate bond list developed
Il heavy tendencies in the late trading.
n but United States Governments and the
majority of prime ratings continued to
|! show flrmneSS. In the Federal group
gains ran from 2-33s TO 14-32s Of a
point
Some selling occurred in secondary
issues following a dip IN stock prices
shortly after midseSSlon. Utilities and
rails gave up fractions to a point in
Several instances
Most of the leading issues i'll the
foreign group ruled at moderately
higher levels German bonds made
|Rood showing. but French government
obligations yielded part Of their early
gains.
Evening star., 1934-01-03
MONEY MARKET,

NEW YORK January , 0.P-Cau nancy
s'eaay' per cent all day
'he loans steady, 90 davS. 2.a1. ga
Gays lal =. i-G months II+aIia p"r ce5t
BaaEeySo B-.'sg SoLagsc:aI 5lce,, paper pc. cent
q a >. bu,"U days. ca. J months
o-o months. IaI7s per cent. {" =
Evening star., 1934-01-03
NEW YORK BANK STOCKS
NEW YORK January 3 ln.-oyer-the-

NEW YORK. January = In-O'tI-lIt-
eounter market
Quotations az of > o'clocS)
BANKS Bid, Asked,
Ps Marhatttan - ..-..... - ~
Chase Natl 1-iu1 ...-..... l37a - "a
Fifth Ave t'%tD .......... $50 $50
First Natl 1oo). .....,....1l1o. 100,
Nat CITY ~ ........... 'lSl ,39A
Public q - .............. l9's :! Is
TRUST COMPANIES
BANKERS 81 ..... 5Iia STA
Pk.yn Trust ~ ........... 90 !Nli2
Cen Hanover - ......... 1o"lt ll.5I4
Chemical q son ...,....... 3n1s @Hos
Con .routal tSOl .......... u "a -
Corn EHch 90 .....-......
Tr-p.-r tIl " ia I6as
GuaI0Htv 'HOl ...,.,....,. E33 -,
IrFln1 d ..-.-.,. ......-.... ii27e
Manufacturers Gl ......... 1f's lha7
N Title s Mt-e. e.......... = a
Title q s. r "a ga
United States ,s5ol ........145O 1900
"Includ.ng extras.
Evening star., 1934-01-03
DIVIDENDS ANNOUNCED

. NEW YORK. January 3=Dividcnds de-
e!a-eC, by the Standard Statistics:
The Daily Alaska empire., 1934-11-28
FRANK L. GOURLAY HAS ACCEPTED POSITION IN
 BEHRENDS MEMS DEPT

After being employed for the last three years at the J. B. Bur- ford Company, Frank L. Gourlay has resigned to accept position in the mems department of B. M Behrends & Co., Incorporated, where he will be after December 1.
 Ed Delaney will assist MT. Bur- ford until after the holidays, the latter announced today.
The Daily Alaska empire., 1934-11-28
THE MARKET BASKET Provisions, Fruits, Vegetables Phone 342 Free Delivery
UNITED STATES DEPARTMENT OF THE INTERIOR GENERAL LAND OFFICE
 District Land Office

@<AS~s *Ns -~>>~>~~
 Anchorage, Alaska.
 October IT. 1884.
 Notice Is hereby given that Karl Otto Johnson. entryman. together with his witnesses Arthur A. Stans- field and Perle B. Allen, all of Haines, Alaska, has made final proof on his homestead entry, An chorage 07451 for the W14NEA, lot l, SEANEA sec. g, lot l, sec. 23. T. 30 s. R. 59 E. c. R. M. con- taining 166o3 acres and it is now in the files of the U. s. Land Off, flee, Anchorage, Alaska. and if no protest is filed in the local land office within the period of pulp lication or thirty days thereafter, said final proof will be accepted and final certificate issued.
 GEO. J. LOVE,
 Register. First publication, Nov. T. 1884
The Daily Alaska empire., 1934-11-28
LETS GO"

Famous Soap Lake Mineral Baths. DrugleSs Institute. adv.
The Daily Alaska empire., 1934-11-28

Knocked out of tie for the Big Ten title last year by losing to Michigan and Ohio State by a single point, Illinois this year beat both Of them by point
The Daily Alaska empire., 1934-11-28
NUGGET SHOP TURKEY ..
 WINNERS ANNOUNCED

To Mrs. William Geddes and Mrs. Robert Light were presented two turkeys today.
 They were the gift of the Nugget Shop. The birds were to have been thrown from the Nugget Shop balcony as in previous years, but today tickets were issued and lucky numbers drawn.
 About 2,500 persons crowded Front Street when the draw was made between 12.15 o'clock and l o'clock this afternoon.
The Daily Alaska empire., 1934-11-28
UNITED STATES OF THE INFERIOR
GENERAL LAND OFFICE District Land Office
Anchorage, Alaska. October g. 1884.

Anchorage, Alaska.
 October 22, 1884
 Notice is hereby given that Albert Forrest, entryman, together with his witnesses Melville Leath and E. H. Kaser. all of Juneau, Alaska, has submitted final proof on his homestead entry Anchorage 07693, for a tract of land embraced in U. s. Survey No. 2084, located in the Mendenhall Valley south of Survey No. 1799 and 1521 in latitude 580 23' IT" N. Longitude 134o 34' co" w containing 92.14 acres, and it is now in the files of the U. s. Land Office, Anchorage, Alaska, and if no protest is filed in the local land office at Anchorage, Alaska, said final proof will be accepted and final certificate issued
 GEO. J. LOVE,
 Register. First publication, Nov. IA, 1884. Last publication, Jan. g, 1885.
The Daily Alaska empire., 1934-11-28
.-31!|.sA.i:1.||''i.a,l||!s.|s'|I|a!| |.||I| }!

FOR RENT-Cabin for rent. Ninth
 Street. Inquire Tom McMullen.
The Daily Alaska empire., 1934-11-28
PRINCESS NORAH IN SOUTHBOUND
 AT EARLY HOUR

With a large list of passengers southbound from Skagway and the Interior, the Princess Norah, Capt w. @. Palmer, master and P. A. Hole, purser, docked here at o'clock this morning and sailed for Vancouver, B. c. at ? o'clock.
 Passengers leaving Juneau on the Princess Norah are: G. F Hinderer, T. A. Morgan, Mrs. T. A. Morgan, James Morrison, Mar tin Lee, K E. Harkema. Mrs. E. Miss Gastonguay, J. A. Soufoulis, Miss Dorothy Robin son and Mrs. H. A. WeStfall.
The Daily Alaska empire., 1934-11-28
Steamer Movements
NORTHBOUND

. Norco scheduled to arrive .
 . Saturday morning. SCHEDULED SAILINGS .
 . Yukon scheduled to sail from .
 . Seattle December at 10 . a. m.
 . Northland scheduled to sail . from Seattle, December 3 at . D. m. . Princess Norah scheduled to . Q from Vancouver December . . IA at D. m. .
 . SOUTHBOUND SAILNGS . . Alaska scheduled southbound . . December 3. . . LOCAL SAILINGS . . Kenai leaves every Wednes- . . day night at 6 pm, for . . Sitka and wayporss. . Dart leaves every Friday at . . T am. for Petersburg, Rake . . and wayports. . sse = .
The Daily Alaska empire., 1934-11-28
NOTICE

When advertisers put in ads they sometimes don't wish to be bothered with phone calls and answering doorbelIs, so we give them a box number, such as Box 10-A, Empire.
 People wanting to answer these ads should send letters addressed to the box number listed. We will see the adver- tiser gets them.
 THE EMPIRE
The Daily Alaska empire., 1934-11-28
Want Ad Information Phone 374

Count 5 average words to the line.
 Daily rate per line for consecu- i've insertions: First day, per line --....------------.------loc Following days, per line -.-.-----.--.. DC Minimum charge, soc.
 Monthly rates furnished on re- quest. Copy must be in office by Z o'clock on day of publication to insure insertion on same day.
 We accept ads over telephone from persons listed in telephone directory.
 Phone 374. Ask for ad-taker.
The Daily Alaska empire., 1934-11-28

USEFUL CHRISTMAS GIFTS
 Get them at the Lutheran Ladies Aid Sale next Wednesday, Dec. 5. Splendid selection of articles. Tea, 2-4; Dinner, 5:30-7:30 adv
The Daily Alaska empire., 1934-11-28
Marine News
MOTORSHIP DART
 ARRIVES IN PORT

The Motorship Dart, Capt. Mau- rice Reaber, arrived in port at midnight last night from Port AL exander and way ports.
 The Dart will leave Friday morn ing at ' o'clock on the return trip.
The Daily Alaska empire., 1934-11-28
SPECIAL THANKSGIVING
 DINNER

Gastineau Cafe, $1o0. A free glass of wine with each dinner. -adv.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-20
Just Hope Against Hope

A QUILTS use parenthOod a racket in many
n cases ranging from that of the European peas
ants who breed for cash bounties from the govern
ment to the familiar appeal of the predatory Amer
lean politician who excuses his vicious conduct in
office in the political gang the ground that his
nome life is above criticism
This kind will cheerfully rob whole generation
of babies within his of influence, deprving them
of the advantages in government which should be
theirs in years to come. and cherish his with
all the warmth which human nature and his religious
teaching dictate.
Then, if ne tax his conscience to the extent of
few Christmas baskets toys for the poor kids,
bought with money he has stolen out of their future.
he not only satisfies himself but vindicates his dis
honesty with the parents Of his victims who decide
that for all the newspaper talk, he must have
heart of gold,
Babies are too young, of course, to assume any
responsibility for their future, but it is possible to
obtrude thought into the subject they should be re-
garded with certain degree of skepticism in view Of
the past performances of babies.
It seems almost brutal to mention it, but IN every
crecheful of innocent newcomers there is to be a
certain proportion of potential bankers of the type
whom Mr. Roosevelt neatly bundled up with kid
napers and bandits, certain proportion of tinbox
politicians a contendeY for the title of best-dressed
woman in a suffering world. People can only hope
against the probabilities
Copyright. 1894 BY United Feature Syndicate Inc1
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-12-20
A Carbon Copy of the Awful

THE baby-lover of the ostentatous type is severe
trial to persons who regard babies, in the mass,
with decent respect and treat them with due con-
slderation, course of conduct which must be more
agreeable to the babies themselves than the mauing
ana the fulsome goo-goo which they receive from
their fans.
1t should not be necessary in order to avoid rep
utation a baby-hater to bring up the subject of
babies by main strength every time the converSa-
ton lagS and then attempt to outmaudlin all hands
present. Women of course. may be granted a little
more latitude than men for obvious reasons. But
there are extremists on both sides of the cradle who
would do better by their BARNS if they resolutely
Strove to raise them unlike themselves as possible
The criticism rests not against the babies, of
course but against the colossal vanity of parents who
have the gall to believe that child brought up to
resemble themselves possibly turn out other
than nuisance tc itself and society In very short
while, the child Of such parents develops into
familiar, perniciOus brat type and the eventual
result is grown carbon copy of its progenitors mis-
takes and all
There is ground for resentment against the as
sumption that he loves babies most who loves them
oudeSt And my own feeling for the child of no.
torously dlsagreeabe parent is not only the normal
human regard for infant. There is an extra in
gredient of pity for helpless apprentice in life
unfortunately situated.