davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-03-08
COTTON PRICES.
TURN UPWARD

NEW YORK, March 3 0.N.S.).
Cotton futures today staged . ~.
covery in moderately active trad
ing.
Buying came from commission
houses and trade interests, with
Wall street and local traders tAle-
ing small amounts Of cotton out
Of the ring. -
Offerings were light and came
principally from spot houses and
the South.
Around midday futures were uN
3 to z points, with May up 3 at
1912, July up S at 1925, October,
up Z at 1885, and December uD
6 at 1912. -.
LIVERPOOL, March 8 I.N.SO.
There was q fair demand for open.
ing spots on the Liverpool cotton
market today. Prices were steady.
Receipts totaled $4,000 bales, 0e
which $4,000 were American.
At noon middling fair was
7.62d, strictly good middling 7.7lds
good middling 6.S7d, strictly mid
ding 6.72d, middling 6.57d, strictly
low middling 6.42d, low middlinR
SID, strictly good ordinary S.976.
and good ordinary 5.67d.
Futures opened steady and were
quiet and unchanged at noon. May
opened at 6.25d, July 6.22d, 90,
tober 6.19d, and January 6.21d.
The Washington times., 1934-03-08
N. Y. Cotton Change
LiberULizes Rules

NEW YORK, March GN.SO.
New York Cotton Exchange mem.
berS reversed themselves in ap-
proving an amendment to the by
laws providing for a nominating
committee to consist of seven
members to be appointed by the
board of managers in March. Not
more than three members shall
have served during the previous
year.
Less than a week ago proposals
Iberalizing bylaws relative to the
nominating committee, were voted
down.
The exchange in a letter to
trade organizations and cotton
shippers put itself on record as
opposed to original margin re-
quirements on trade accoun IS.
William B. Dowell, president,
stated that he believed present
credit requirements entirely salts
factory,
The Washington times., 1934-03-08
COTTON GOODS

NEW YORK. March 8 G.N.s.).-AS..
though trading in the coarse Yar1
cloths market showed little improve
ment today, traders pointed out that
the groundwork was being laid for Q
revival OF trading on scale which
had become familiar over most O1
the first two months of 1884.
Needs Of converters were accumulate
ing fairly rapidly. and few iR-
stances were mentioned where large
buyers were known to be in need %
substantial amounts Of standard pPiat
cloth and carded broadcloth styles.
While covering Of such needs is fOR
the time being held up by the uB.
certainties in Washington, buyers. t0
view Of the tight finishing situation.
do not appear able to hold out muOA
longer.
The Washington times., 1934-03-08
MANY
In Business

Electric power output last
week exceeded only twice in
past two years, Edison Institute
reveals. Montgomery Ward re.
ports sales last month So per
cent above those of February,
1888. S. H. Kress & Co. buSi-
ness in February 3O.5 per cent
higher than year ago. Lane
Bryant sales last month ran
1874 per cent more than in like
1888 period. .PavOnia Building
Corporation pays first dividend
since March, 1882. Steel out
put in February more than
double that Of year ago, Amer.
ican Iron and Steel Institute
reports New York Central
traffic last week heaviest since
last July. Pennsylvania load.
ings the past week highest for
like period in two years.
The Washington times., 1934-03-08
CHICAGO GRAINS
RULE EASIER

CHICAGO, March 8 QN.SO.
Grain futures were steady to o
shade easier today.
Wheat was 70 to Ac off with
May, 86b @86Ac; July, $3.50
851ac; and September, $500
861ac at the opening.
Corn was unchanged to Hc
down with May, 5012c; September,
54Ac.
Oats were bc higher to hc
lower with May, 33%033Hc;
July, 335s@33Ac; September,
33Nc.
The Washington times., 1934-03-08
Haney Doubts Market
Is Nearing Break

Administration seems to be in the
position Of opposing the more ex-
treme and rigid proposals to re-
duce working hours.
Some signs Of relative weakness
in leading" stocks, and a ten.
dency toward reduction in the
number Of issues traded in, have
been unfavorable symptoms in re-
cent sessions. Then, yesterday,
several leaders closed below sig
nificant resistance levels, and the
market sold off on increased
volume.
Bonds Crawling Up
On the other hand, the bond
market has been crawling up and
holding well most of the time.
The railway stocks, too, have been
relatively firm, and are supported
by favorable car loadings. Such
evidences as we have Of the trend
OF business activity are not dis
couraging, nor are the earnings
statements.
One question which arises is,
Have disappointed and fearful
buyers merely been holding on
In the hope that they can get
. little better prices? Is the
time approaching when they
will dump their holdings and
break the market? No one can
know. Developments in the
labor situation or in New Deal
restrictions on business might
bring on such selling, signs of
which appeared yesterday.
But I think that the country
wants good business more than
anything else, and that we are on
the edge Of realizing that to get
what we want we must make con-
ditions favorable for good bust
ness. I trust the Presidents po-
litical sagacity to prevent him
from pushing the New Deal theo.
ries so far that business and EN-.
ployment suffer.
Adding to Holdings
Either business must be en-.
couraged to 60 ahead on it's own
steam. or Government steam
must be supplied from the boiler
Of initiation. In either event, it
is easier to see sound stocks going
up than down, and I am there
fore inclined to look for eventual
ly higher prices for the sounder
equities among oils, chemicals and
gold mines. would favor adding
moderately to my holding Of such
stocks on this recession.
After all, your dollars are slip
ping in their purchasing power.
Good stocks, however, are among
the few things which now are get
ting chaaner
The Washington times., 1934-03-08
Produce Markets

light; market weak. Florida. ~
bushel crates. $2G3.
light; market weak. Florida: ~
choice, 81. ~ '
squash-supplies moderate: demand
% Wrapped mark market weak Weak, si.5oP@ It's; Vel.
low crooknecks. market steady. mostly
around $3.50.
strawberries-Two Florida arrivedI .
broken cars on track. Truck receipts
light: supplies light; demand slow: mar
kGt dull. Florida. truck receipts So
pint crates. fresh arrivals few sales best,
15c per pint.
broken and unbroken cars on track.
Florida. truck supplies liberal; busheI
baskets, $l.6O@175. according to grade
and size.
Grspefruit-one Florida arrived; 3
broken and l unbroken cars on track
Beets-Texas. v crates. $1.25@1.Ao.
CHICAGO
CHICAGO, March s UN.S.) Butter
-s.627 tubs; firmer; old cars B.; new 5,
extra firsts 25& -26l4; firsts Pan -?6A
seconds 2Sia; specials 2727A,
Eggs-16,454 cases; easy: old cars p
new IS; ordinary current receipts l6s4
fresh graded extra firsts, less than cars
16l2; cars 16a4: fresh graded firsts. less
than cars 1914; cars la dirties IA u
checks IA.
Cheese-TwHns Halls; daisies and
lonShorns 15-15A.
NEW YORK
NEW YORK, March s u.NS).-But.
ter-Quiet and unsettled, saIted anu
unsalted, creamery, higher scoring
27h @29hc; creamery extras, 27@2S lsci
creamery firSts, 951s @27%c.
Cheese-Fairly active. state whole
milk flats specials, 10000; average
run. 1Sc; Wisconsin whole milk, fancy
Young Americans Ice.
Eggs-Steady to firm. Nearby white
specials, 22c; standards, 2O1a Q21c
mediums. 3O@2OIac; nearby brown spe
cials. 2O022c: standards. 1Sla a l9c
mixed specials, 19@@61ac; standards
1S@1Si3c; firsts, 17l9c: seconds, 1917 a
16%c; mediums, 1910; Pacific Coast
white, fancy packs, 24@24i2c: stand
ards, gag 231sc; mediums, 2Ois % II &c
The wholesale price is $2.1O per 10C
pounds, No. l fluid milk within the
20l-210 mile zone
The Washington times., 1934-03-08
Trade Gains Noted
By Canadian Bank

Australia is making a very
rapid return to prosperity, the
monthly letter of the Royal Bank
of Canada notes.
Canadian exports are beginning
to improve and an analysis of
recent developments in Canada's
foreign trade is presented.
Although the balance of trade
is unfav> able this year, the fact
is stressed that during the last II
years Canada has consistently ex-
ported, rather than imported,
capital. A short summary of the
main facts in relation to the bal
ance of trade is included.
The Washington times., 1934-03-08
v':H; :7;ssssss S:;;;;s'" New York Bond List

NEW YORK, March 8 G.N.SJ.
A renewed bulge in q. s. Govern
ment loans featured an irregular
bond market today.
Demand for the Federal liens
was stimulated by the sInallness
Of the new Treasury offering,
which was about one-quarter Of
the amount expected. Treasury
3As led with q squirt Of 1882
to 101.
Rails continued to sag in the
face Of continued unloading by
SPECTATORS.
Foreigns were slightly lower,
with the German 51as off VI at
So and the Austrian Is Of ST
off "a at 66H.
Investment loans turned down,
with American Telephone 51as off
y at 1097s.
The Washington times., 1934-03-08
Hog Trading Steady
With ASkinqs Hi0her

CHICAGO, March 8 Q.N.sD.
Hog receipts were $4,000 today.
Statesmen were asking 10 to 15c
more and bids were about steady.
Statesmen asked $4.75 for prime
medium weights and buyers bid
$4.55.
Lightweight steers sold steady
to strong with the heavy reported
slow. Cows and heifers were
steady to Csc higher. Stockers
and feedsr sold about steady.
Best lambs sold at $9.35,
The Washington times., 1934-03-08
Wilson Reelected
Va. TeLephOne Head

RICHMOND, Va, March &.
Lloyd B. Wilson was reelected
president, and Charles H. Weber.
general manager Of the Ches&s
peake and Potomac Telephon6
Company Of Virginia, by tho
board Of directors at its regular
monthly meeting here yesterday.
Other officers elected were Mar.
shal D. Sedan, Philip o. Coffin.
and John c. Koons, vice preSi"
dents; Walter B. ClarkSon, vice
president and secretary; Thomas
B. ClarkSon, treasurer; Harry c.
Gretz. general auditor, and Ralph
A. Van Orsdel, general counsel.
The Washington times., 1934-03-08
POLISH TIMBER EXPORT

Notwithstanding that the build
ing season in Poland is over, the
sawmills are being kept we'll en-
ployed, chiefly in the execution Of
orders from abroad. Polish timber
and wood exports in December
reached a value of 1874 million
zlotys as against 1873 million in
November. England was the prin-
cipal buyer, with France, Belgium
and the Netherlands following.
The Washington times., 1934-03-08
Utility Head Hits
Government Plan
by International News Service

Thomas N. McCarter, president
Of Public Service Corporation of
New Jersey, has joined the utility
induStry's campaign against the
Government aid to municipal
power ownership.
In his annual report to stock
holders, Mr.. McCarter attacked
the Federal policy. He declared the
utilities were large tax payers and
thus were indirectly contributing
ito their own destruction" He
also aSSailed the pressure for rate
reductions.
The Washington times., 1934-03-08
FISHMAN SALES UP

M. H. Fishman February sales
amounted to $161,181, against
$123,569 in February, 1888, an in
crease of 30.1 per cent. Sales for
the two months of 1884 were
$315,988, against $225,176 last
year, a gain of 40.3 per cent.
The Washington times., 1934-03-08
WGLgreen Reports
Trade ImDrOUement

Walgreen Company's February
sales totaled 4,O79,759, compared
with $3,248,371 in February, 1888,
an increase of 25.6 per cent.
Two months sales were $685.
229. against $6,913,336 in the
same period last year, a gain Of
21.3 per cent,
The Washington times., 1934-03-08

actually 0reaK.
think, act as il
it were going to
ak W ide
open.
For som e
time now, we
have been di-
gesting one un-
favorable po-
tentiality after
another. An ex-
tremely drastic
and Socialistic
meas ure for
Stock Exchange
c on troll has
been presented.
A bill to limit
The Washington times., 1934-03-08
BY LEWIS HANEY
professor Of Economies, New
York University

Although the stock market is
extremely "thin," it does not
actually break. It does not, I
The Washington times., 1934-03-08
LIVESTOCK MARKETS
CHICAGO

CHICAGO. March GN.S).-Hog-
$4,000: steady. Top, $4.65; bulk. $4,000
40: heavy, $4.25 @4.55; medium. $4,000
80: light, s4.S5@4.6O; light lights, s4.OO
$3.50 @3.5O. Holdovers, 5000.
Cattle-5,O00; steady; caves 1000;
steady Beef steers-Good and choice,
$6.5O@7.S5; common and medium, s4.oO
cattle-Heifers, Ss.25@625; cows, $2.75
@4.OO: bulls. $2.50@40O: calves, $4,000
100; feeder steers, $4.0O@5.35; stocker
steers, $sCo@475; stocker cows and
Sheep-1,OOO; steady. Lambs, $500
9.S5: common, $5.5O@75O: yearlings,
$7,0OS9.o0; feeders, T.OO@s5O; ewes,
CLEVELAND
CLEVELAND, Ohio, March 8 QNSO.
Hogs-Receipts 1000: market active,
mostly 1oc higher; top. $4.S5.
Cattle-Receipts $50; market slow
with very narrow demand. Most bids
lower: good handyweight steers quotable.
Calves-Receipts 500; market slow and
mostly, $500.
and weak; good lambs. $3.50; good clip
ped lambs, $3.50
BUFFALO
BUFFALO. N. Y, March 8 (1.NS.).
Hogs-Receipts, 1900: holdovers. 500.
Market rather slow, steady to 1Oc over
Wednesdays average. Desirable 16O-25O
lbs. $535.16. top $3.50. on 19O25O
lb. weights several loads 140-21O lbs
with plain end. $4.5O@4.75: pigs and
unfinished underweights, $3Q4; pack
ing sows. &3.5o@3.s5.
Cattle-Receipts, 1875; medium steers
26c lower, $6.25@5.65, few cuts down.
ward to 81. Cows slow, steady: cutter
grades, 31.4o@2S0.
Vealers draggy, steady at recent de-
cline. Good to choice. 81: common
and medium. $3750S.5O.
Sheer-Receipts, 800: lambs strong
Good to choice S6-lb. woolskins, $3.50;
common and medium, Ss@9.25.
NAVAL STORES
NEW YORK. March 8 G.NSD.-Lin-
seed oil per H., 50 car lots. Turpentine,
The Washington times., 1934-03-08
NAVAL STORES

NEW YORK. March 8 Slim
seed oil per lh,, SO car lots. Turpentine,
firmer. Ssh. Rostn easier. common, $40.
The Washington times., 1934-03-08

BOND MARKET AVERAGES
Copyright, 1884. Standard Statistics
NEW YORK. March 9 N.N.S.).
20 90 20 go
Ind Rails IT'LL Com
The Waterbury Democrat., 1934-01-25
STOPLOOPHOLES
 IN TAX EVASIONS
New Bill is in the Works to Make All Pay Their Regular Share

Washington, Jan. 25 (UP)-The house ways and means committee today approved a series of sweep ing income tax revision provisions for incorporation in a $270,0O0,00 bill designed to close tax evasion loopholes. The committee accepted provisions which would place two per cent penalty tax on consolidat- ed returns and tax undistributed adjusted net income of personal holding corporations 35 per cent. The billion which the committee IS working is expected to be reported out next week.
 Tentative approval was given to the following provisions:
 1. Establishing of a normal four per cent income tax rate with in creased surtaxes beginning at $4,- 900 of net taxable Income.
 2. Continuance of the present depreciation and depletion allow ances.
 8. A penalty tax of two per cent for filing consolidated returns.
 4. Allowing a 10 per cent de- duction on net earned income of $8,OOO and less, the first $S,OOO of which would be presumed to be earned.
 5. A tax of 35 per cent on undis- tributed net income of personal holding companies.
 6, Revision of the capital gains and losses section of the tax law to provide that 100 per cent of a capital asset held not moro than one year be recognized for tax purposes.
The Waterbury Democrat., 1934-01-25
.POLTICALP0T
 OF MASS. HEATED
 TO ITS CAPACITY
Governor Will Retire But Senator Walsh Does
 Not Believe Story

Boston, January 25 = tUP) -- The Massac chusetts political pot was boiling at a new high temperature today after a series of raptd-fire developments in both parties re- garding the key posts of governor and United States senator.
 Highlights of the situation were:
 Governor Ely's emphatic reaffir- mation of his intention to retire at the end of his present term. Refusal of Democratic State Chairman Joseph A. Maynard anu U. s. Senator David I. Walsh to accept Ely's declaration as coh' elusive.
 Adoption by the republican state committee of a resolution that there twill be g. regular re- publican candidate for every or flee on the state ticket, 1ncludlng that of United States senator" aimed at the sensational suggestioA Of Judson Hannigan, president or the Renublican Club of Massachu- setts, that the republicans support Walsh. democratic incumbent.
 The Harvard Crimson's proposal of the name of A. Lawrence Lowell. 77-year-old president emeritis of Harvard University as republican nominee to oppose walsh.
 Ely reiterated his decision to re- tire as governor in repudiating an announcement by Maynard Washington that Ely and walsh woulds head the democratic sta.s ticket for 1884. The governor said two terms were sufficient for any chief executive and that personal reasons leave me without choice io the matter"
The Waterbury Democrat., 1934-01-25
EMPLOYMENT OF (. W. A. WORKERS
 TO BE EXTENDED
That Will Be Outcome Of Present Dispute on
 Emergency Plan

Washington, Jan. 25-(UP)-- Continued employment beyond May l, for most of the 100000 CWA workers who went on the government payroll last November appeared today to be the likely outcome of dispute over continu- ance of that emergency program.
 Public works, seasonal employ ment and revival of industry are counted on to provide jobs after May l, for more than 2,0OO,0000 persons on the present CWA work roll. But an administration com- promise seemed to be in the rnak- ing to shift to some other govern ment payroll the 1uckless ones who do not find one of the new jobs.
 CWA was created November 8 to compensate for delay in providing work on public works projects. Through the Civil Works Admin istration there has been a constant flow of ready money to all parts of the country. Opposition to sud- den Unemployment of the 4,O0O,- 900 current workers is tremendous.
 The CWA began with an allot- ment of $400,000.000 of public works funds to Harry Hopkins, federal emergency relief adminis- tration. Another $350.000,000 is to be spent. On November Is, Hopz kins met here with 8 group of 1,019 persons, most of them may ors or other local public officials.
The Waterbury Democrat., 1934-01-25
HI-JACKERS OF
 BEER ANGER THE DEPT. OF POLICE
Latter Told to Mind Their Own Business, But
 They Won't

The Waterbury police have been practically told to mind their own business and not butt in on a pri- vate affair, as represented by the hi-jacking Tuesday evening of a $500 consignment of beer on South Main street, the temporary kidnap- ing of the driver of the truck and the. subsequent grudge fight in which Anthony Truncale. 20, of Fl Phoenix avenue, was badly beaten up yesterday. afternoon. His broth er-in-law, Frank Inglese, 34, Of 461 Highland avenue, is under arrest in connection with the hi-jacking and is suspected of knowing some- thing about the beating-up given to his relative by marriage.
 Truncale is now a patient in St. Mary's hospital. The local police, notwithstanding the meagre infor- nation furnished them. are de- termined to investigate the entire affair and make the incidents of- ficial police business. Lucius Mon- tano of 27 Asylum street, New Ha- ven, driver of the truck taken for a ride while some of the rival gang confiscated the beer, was expected to visit Waterbury this afternoon on special invitation from the local police. He will be asked to take a glimpse at Truncale and .Inglese and decide whether or not he can link them with the hold-up.
 The hi-jacking of the beer truck and the Kidnapping of Montana took place about o'clock Tuesday night near City Corners. Patrolman John
 (Continued on Page Al
The Waterbury Democrat., 1934-01-25
TRINIDAD BEATS
 OUT THE SCOTS
They Have a Serpent That Far Eclipses the ScOt-
 tiSh Snake

Port of Spain, Trinidad, B. w. l., Jan. 25.-(UP).-Residents about Loch Ness, Scotland, may boast about their prehistoric aquatic monster but Trinidad has ser pent estimated to be 50 feet long. as thick as a mans body and al least 120 years old.
 An expedition of Trinidadians has been sent to the Ortoire river, on the eastern coast of the island. to capture or obtain a good photo- graph of the serpent. Undecided as to the best method of capturing a creature of such imposing dimen- sions leaders of the expedition have obtained tho services of n snake charmer who will attempt to Hull the serpent to sleep.
 The serpent. called IIulllia by the natives. was first reported in authentic records by C, l.. Joseph in his history of Trinidad, pub. lished in is40. The creature nt that time was thought t0 be about 1O years old. IL not only swins rapidly through water hut erawls overland 10 seize cattle and other domestic animals.
 Natives Of itahtorn Trinidad re- eontIy have reported mSslefl0us dlsn ppeAranoes Of ihHlf cattle hnu alkO swanF they hAvN heard liul lhp rOHVlng in lhe night ll r0nrF ilkp a lioH, they say, Less than h nlonlb ago e sFeip 0f hunierh hnw iulliih nllmh Inc banks of the OftOlfe uk' eP and d0v0nr a full grown bull 'fhe hunters ne1,
The Waterbury Democrat., 1934-01-25
LIBBY HOLMAN IS
 GOING TO RETURN
Widow of Tobacco Heir Studies For Her New
 Stage Career

Philadelphia, Jan 25-UP)- Libby Holman is believed planning return to Broadway and the legitimate stage.
 The widow of Smith Reynolds. tobacco heir, whose baby received $2,O0O,00 from the Reynolds estate, was discovered as a student under Jasper Deeter at his famous Hedg- crow theater near Miami, where Ann Harding learned the principles o facting.
 With II novices, Miss Holman pays $10 lesson, for private tutor ing. She commutes several times each week from Montchanin. Del. near Wilmington, to the little the- ater which Deeter founded 10 years ago.
 According to reports, Deeter was acquainted with Miss Holman In Cincinnati, where her family lives, and met her years later in New York when she was an exotic "blues singer" and the toast of Broadway before her marriage to Reynolds.
The Waterbury Democrat., 1934-01-25
TEN INJURED IN < 1 PORTLAND FIRE
Thirty-Two Others We're Carried Over Ladders
 to Safety

Portland, Me, Jan 25-(UP)- Ten persons, including IT months old baby, were injured or over- come. and 32 others were carried over ladders to safety when a three alarm fire swept the Stanley apart ments here early to-day, causing damage estimated at more than $25,0O0.
 When firemen arrived. occupants of the building. their escape cut off by-blazing stairs. were fighting for air at the windows of the four story structure.
 Mrs Alma Farnsworth, 31, nar- rowly escaped serious injury or death when she jumped from a third story window. Her fall was broken when she landed on an au- tomobile and rolled to the ground suffering only minor cuts ana bruises. Fred Savage, 32. received severe leg injuries when he leaped from his second floor apartment.
 Those taken to a hospital TOT smoke inhalation treatment were Mrs Betty Peterson and an infant daughter, Celia; Miss Hattie Train 23; Mrs Catherine Foley, and two daughters, Frances. 12, and Mary 10; Boyd Drike. 34, and Esther Peterson. 20. The fire started in the rear of fruit store on the ground floor.
The Waterbury Democrat., 1934-01-25
MONETARY BlLL0F PRESIDENT WILL
 PASS THE SENATE
Vote Will Come Late T0- day or Friday-One
 Dispute Looms
BY H. o. THOMPSON

United Press Stan COrrcSEbODuCHtl
 Washington, Jan 25.-(UP)-A vote on the Roosevelt monetary bill late to-day or by tomorrow at the latest was the objective of administration leaders as the sen- ate began the second day of debate on this momentous money measure.
 Passage of the bill was conceded. The on controversy was over linn itations which the more conserVa- tive element believes should be incorporated.
 Majority Leader Robinson was confident that the bill would De approved in a form acceptable to President Roosevelt.
 He said he had enough votes to defeat a proposal for establish : ment of a board of five members to supervise operations of the $2,- OOO,OOO,OO0 stabilization fund. The administration wants this control vested in the secretary of treasury. 1t feels that a board would con- fuse the funds operations and make them ineffective.
 The administration is willing to accept two amendments which place a three-year limitation on the fund and on the period in Whicn the president may devaluate the dollar. ,,
 Robinson said he believed a sil- yer amendment, which Senator Wheeler, dem, Mont, proposed to offer, would be defeated.
 (Continued on Page 4.)