davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-03-29

i I'VE broken, and why stocks
hose prices have been manipu-
l,sed to unreaSonably high levels
mould have cracked. But what
! as that to do with the fairly
/. j riced equity in a company which
l.; earning and paying dividends?
I do not think that any bill to
) { estroy the basis for real stock
: lues is going to be passed. Even
Vi margin trading were going to be
cone away with entirely, I would
have no worry about any STOCK
y might hold for real investment.
The value Of q stock Is de
rived from the net earnings OF
the company which issues 1t,
and would continue to exist.
Restrictions on exCh anges
might make it impossible to
get quotations as frequently.
They might make it difficult
'or q company which needed
more capital to get it by mar
:" ketinE securities. These and
other difficulties would result
from any unduly restrictive reg
ulatiOn.
But If I hold stocks selected
IS investments, on account Of the
income they afford and as a
.. edge against the probable fur
tier depreciation Of the dollar,
will not sell them now. I may
J, somewhat concerned over the
ossibility Of finding a buyer
Then I want to sell, but that
difficulty lies a good way ahead.
The Administration may, as is
LEGGED, desire to prevent the pros
, ective initiation from getting into
:. ;ock market speculation. It may
! e seeking to confine the use Of
II he credit which it is pumping
lto banks from going to market
operators. But is that any reason
why "you and I" should sit by and
=, 7atch the purchasing power Of
s'ur dollars slip away?
= It is rather significant to note
~ here the active breaks came Tues
'ay and where the strength lay.
The type Of stocks which sold off
sharply on volume is illustrated by
ChrySler, Montgomery Ward, Celia
nese, Schenley, U. s. Steel, Com
'nercial Solvents and N. Y. Gen.
trail. On the other hand, Canadian
mining issues were strong, and few
,airly priced issues, which have
not been Speculative favoriteS," I"
suffered more than fractionally.
Speculative positions held by big
traders were lightened, but invest
ment values were not affected.
= So I repeat my advice to in
crease holdings Of sound stocks
which are priced reasonably
= with relation to earnings and
. which would not be hurt by in.
:, fIatiOn or high labor costs.
Some gold mining, oil, chemical
y. and store stocks may be found
X which more or less completely
~. fill these requirements.
In some cases, the inventory
situation may furnish more tenn
porary attraction, as in some meat
packing issues.
And don't worry about there
being no market for securities.
There would be no quicker way
to prevent the necessity Of stock
exchanges than to try to legislate
them out Of existence.
The Washington times., 1934-03-29
le break that followed

I os e v ell t's
,arp letter on
: le stock ex-
{ 'eange bill af-
,cted most is
, les, as is the
; W in the mar
It, the fact re-
: ,ains that the
: ouse of the
f:eak has little
caring on AL
VcStment val
l,es. It Is easy
{ ,ough to see
y ~ the price Of
:. ock exchange
. a is should
The Washington times., 1934-03-29
REPEATS
CONFIDENCE
IN MARKET
BY LEWIS HANEY
professor Of Economics, New
York University

The sharp setback in the stock
arket on Tuesday, I think, fur
ished a good opportunity to make
lvestments in reasonably priced
1und stocks.
While the break that followed
The Washington times., 1934-03-29

Ldlgnl Low 1:1O
$$ $$ & & $;::;;;. s; S:::;$ !; II
Am Lound Mach 90. is 14E is
Am Superwr ......s. az az az
Am Superwr pf .s... Il 81 II
Armstrong Cork .... 2Sh 22hl 23h
III: zs::s = S;!s.. ~: - III II IL III
En-: s:s:'' Ell; e:i:s:.. g. s;s%: % 4 4 + 7
Brown Forman Distill 10 10 10
Bunker Hill ........ 51% 81 51%
Butler Bros ....:... 9% 9% S%
$:;: 81: Y: S; $ !: (;
81: ]: i: !.
Claude Neon Its zee. ri y y
oIEn eoIEm e'i Oil is'ii': q Ca: VITO :: X Il Il
Community Water 80. vi vi a
Cons Aircraft .........l T1k II IL
Cons Copper M...s..s. 1h1 IN IN
Cons Retail st. ........ 2h IA IA
Cord Corp ...'n''.;. 7Bl tn 1S
Creole Petrol ........ 11A 11Hl 11K
Cresson Gold ......s. 1hI 1hl IN
Corcker Wheeler ......l 81 6h ga
Crown Cent Pet....... IN IN 1h
Cuneo Press ......... 20 20 20
Cusi Mex ............l 1hl 1hl IA
B!::';;: &; e. t;;:s::' ss.r s.::::s: = * X X
E1:s E1:s : : Si: .i..::.: Il" i i" i Il" Il
#:::: e.; :E: E.; !; i,
Fiat Motors. 2OAI 2ONI 2oA
EissliG Eiss RuB5sTm1.w BSsEe5y; 1ssx ,5sSa ~
Franklin Mfg ......... rs IL IL
Gen Investing pf.... II IT II
Gen Tire & Rubber.... 90 90 30
Georgia Power pf.... 81 81 81
Glen Alden Coal. 17A Tx l7%
CT & Tea nv..... 1870 1870 l130
Greyhound Corp....... az az sA
Hartman Tob .,......I, 2%i, 2%I 2N
Hiram Walker ........ 43$ 43 43A
Hollinger Mines ...... 1875 1Sh 1S$
Hudson Bay NJ So. IL liz IL
Humble Oil ........... AN AN AN
Upgrade Food ........l Az
Imperial Oil Can Reg. IA IA II
Imperial Oil Can. IAN 1871 14h
Ins of N A.......... ASH 45A 45h
Int Mining ........... 12K 12A 12A
Int Mining ws.........l All 4hl AZ
The Washington times., 1934-03-29

And don't worry about there
being no market for securities.
There would be no quicker way
to prevent the necessity Of stock
exchanges than to try to legislate
them out of existence.
Evening star., 1934-12-12
GAIN CONTINUES
AT STEEL PLANTS
Production Rises for Eighth
Consecutive Week to 80
Per Cent Mark.
By the Associated Press.


NEW YORK, December 12.-Mainly
because Of gain in consumers needs,
steel production has expanded for the
eighth consecutive week to 80 per cent
Of capacity, from 291a . week ago, the
Iron Age reported today in its weekly
review of the industry.
The latest gain was the largest
since the second week Of July, follow
ing the Independence day holiday.
Scrap prices made further gains, it
was pointed out, lifting the Iron Age
scrap index to $11.33 q ton, or $1.83
above the low for the year, reached in
September and October.
"The growth in bookings" added
the review, "is all the more impress
sive because Of continued delay in the
launching Of automobile production
programs and the reluctance of steel
buyers in general, in the absence of
price incentives, to add to their stocks
prior to inventory taking.
Should decline in steel output
eventuate during the holiday weeks,
as Is now expected, the rebound in
the new year will undoubtedly be
sharp.
Farm equipment manufacturers
continue to take steel at good rate.
Structural steel awards, at $500 tons,
compared with $3.50 a week ago, are
very light. The future of the public
works program. which has been the
main source of plate, shape and bar
tonnage ior many months, is in doubt.
Railroad demand shows more signs
Of life. The Santa Fe has issued in
quiries for $1,000 tons of rails. A
coal car shortage in the South has
given force to current proposals for
new Government loans for equipment
purposes.
Pig iron buying has improved. Vir-
gin metal is becoming more attractive
to buyers with every advance in scrap
prices"
Evening star., 1934-12-12
NEW YORK PRODUCE.

NEW YORK. December IL R.-Eggs
24,197: irregular: mixed colors, special
packs or selections from fresh receipts 3
standards and commercial standards. %
a3Q; ,frsts. 2612. mediums. 40 pounds,
and dirties. No. l, AZ pounds. 33s24h
az; other mixed colors UNCHANGED.
Butter. S.61S; easier. Creamery. HIGHER
than extra. 3094a31l ~; extra (92 scorel,
30lla12: firStS tSS-91 scores). 734a30;
other grades UNCHANGED. Cheese. 3S4, ,SS7;
quiet; prices UNCHANGED.
Live poultry steady to weak. By freight.
turkeys. 16a23; other freight grades un-
changed.
Evening star., 1934-12-12
CURB IRREGULAR,
CHANGES SMALL
Fluctuations Mostly Con.
fined to Fractions Except
for SpeCiaIties.
BY G. A. PHILLIPS.

Associated Press Financial writer.
NEW YORK, December 12.-Irreg-
ular price trends dominated the curb
market up to the final hour today,
with fluctuations generally confined
to fractions in all groups except spe-
cialties. Trading was less active.
A steadier tone prevailed in utilities,
although only slight headway was
made by the active issues.
American Gas gained u point, but
later lost part of it. Electric Bond &
Share, Niagara Hudson and Cities
Service held unchanged, while Amer
ican City Power & Light improved
around IA.
Fractional advances occurred in
Sherwin Williams, Swift & Co., Wright
Hargreaves, Pan-American Airways
and Distillers' Corp. Seagrams.
Montgomery Ward "A" advanced 2
and Parker Rustproof gained about
2i2. Among issues selling lower were
Hiram Walker, Lake Shore Mines,
Mead Johnson, Newmont Mining and
Singer.
Evening star., 1934-12-12

Ties from Italy, Switzerland,
France and Vienna, including al.
most every type of smart silk for
the Winter season. We make no
exaggeration when we state that
every tie in this sale would ordi-
narily sell for much higher prices.
Men and women gift seekers
here is the opportunity You have
been hoping would take place.
These Silks Represented:
Warp Prints Fine TwiiIs
: Triple Warps Tweed.
All Over otflpe Moires
9 Smart Basket : Handsome
.. caves Spitalfeids
these Patterns:
y stripes 4 Persians
Fseat Figures Allt1ver Effects
. lain Floor. The Hechs Co.
Evening star., 1934-12-12
CEL0TEX PLAN CHANGED,

NEW YORK, December II R-
Modification OF the reorganization
plan for the Celotex Co., under an
agreement whereby the debenture
Bondholders' Committee and the Sc
cured Bondholders' Committee will in
dorse the plan, was announced yester-
day. The committee has extended
until December 81 the time within
which securities may be deposited
under the plan.
Evening star., 1934-12-12
U. S. TREASURY POSITION.
BY the Associated Press.

Petition of the Treasury December 10
Receipts. $32.3I7.95l.76 expenditures
S43 S52 .291 OF; balance. 81 .555 .472 AIS ~
Customs receipts for the month. SlO77l.
653 A.: receipts for the fiscal year tsince
July u. 81 .594 ,OO9.1 .151.7s; expenditures
50 46, 046 527.10 0ncluding 81 .666 S74.
.S4 81 OF emergency expenditures: excess
OF expenditures. 1852 037 ,375.3 81; gold
assets. SS.l65 S39. .634 40.
Receipts for December Q. 1898 (com-
parable date last year,. SlOS72 .447 .OSi
expenditures. $13,757.I75 81: net balance
81 .O22 9S1 ,679.I2; customs receipts for
the month. SS4l5,934
Evening star., 1934-12-12
Electric Power
Output Mounts
Steadily in Week
BY the Associated Press.

By the Associated Press.
NEW YORK, December 12.-Elec-
trio power output last week totaled
1,743, ,427 900 kilowatt hours, compared
with 1858, $4,000 the previous week,
the Edison Electric Institute reported
today.
The increase over a year ago was
~ per cent, against 8.4 the previous
week.
Regional gains over 1888 were:
New England, 3.5 per cent against
Z the week before; Middle Atlantic,
So against 7.3; Central Industrial, Z
against 80; West Central, So against
s.7; Southern States, 17.s against 1876;
Rocky Mountain, 1872 against las;
Pacific Coast, 81 against is.
Evening star., 1934-12-12
Yukon Gold.
INSURANCE STOCKS

NEW YORK. December IL P.-New
York Security Dealers Association:
Evening star., 1934-12-12
Stock and Sales

20s 107 107 107
zoos 40N 30 40
II Ia 7% 7h
70sl30 129 129
2 ~ IA AZ
Evening star., 1934-12-12
DIVIDENDS ANNOUNCED

NEW YORK. December 12.-Dividen
declared tprepared By the Standard st
tistics Corp).
Evening star., 1934-12-12

sww-With warrants. xw-Without
warrants s,dnneS- nmMsw- wi-When issued
sNegotiability impaired by maturity
fCompanies reported in receivership.
Evening star., 1934-12-12
TOBACCO FUTURES.

NEW YORK. December IL R.-To-
bacco futures opened quiet.
The Washington times., 1934-03-31

The first race will go postward
at 2:30 p. M, with the $4,000
Inaugural Handicap. a dash at
NSive and one-half furlongs, as the
main attraction.
A smart band of sprinters have
been nominated for this event,
and if a fast track prevails, the
victor will have to step pretty
close to the track record time in
order to snare the lions share of
the two grand" added money.
26 Features Listed
Race Secretary Charles Nc
Lehman has arranged 26 features
The Inaugural, opening day; Rowe
Memorial, April 7; The Bowie
Kindergarten at $4,000 added at
traction, April II; and the $4,000
Southern Maryland Handicap,
April IA, closing day of the meet
ing, being the outstanding event.
OF the "a races to be run at
this course, Al are sprint affairs,
with the remaining 43 to be de-
cided over a distance of ground.
A capable staff of officials will
handle the meeting. In addition
the Maryland Racing Commis-
sion will have DR.. Thomas Ladson
of Olney, Md, on hand daily to
take saliva tests of two winners,
to be drawn after the manner in
which post positions are allotted
for the following days racing.
Special stalls to house the
tested" thoroughbreds are located
just off the first turn. Following
the tests, DR.. Ladson will carry
his specimens to the Pennimen
and Browne laboratory in Balti-
more. The latter will then make
known it's findings to the Mary
land Racing Commission. follow
ing which the trainer Of the thor
oughbred will either be exonerated
or given a sentence.
No Trouble Expected
This method was used with
much success during the winter
meeting at Florida. However, the
States method of taking horses
for tests appears more fair than
that of the Florida Racing Com
mission, and no trouble is antic-
ipated with the horSemen.
The cream of American and
Canadian racing establishments
are quartered here. or have repre-
Sentatives within the Washington
Baltimore area.
Some of the more prominent
strings to be seen will be Corne-
Illus Vanderbilt Whitney, Alfred
Gwynne Vanderbilt, Mrs. John
Hay Whitney, George D. Widener,
The Washington times., 1934-03-31
HOLLIS BREEzES
TOP|N VICTORY

Cliff Hollis, in winning the
Dub" Sweepstakes, added an
other bit of proof that anything
can happen in sports.
Hollis averaged better than 1874
for IS games to win the event
which is restricted to bowlers
whose league averages are less
than 107. While the rollers are
supposed to be dubs, 124 aver
age would assure the holder of at
least second place in either the
National Capital or District
League, and they are admittedly
the two fastest leagues in the
country.
Cliff added 582 last night to
his 10-game total of 1926 for a
grand total of 1857, which gave
him first-place money, $71.55.
j. K. Rhyme forged ahead of
several of the leaders in the final
block to end second with 1,742,
which won him $39.75. Joe
Blendman finished third with
1877, which gave him $2385. j.
Hill, with 1871, was fourth, and
won $3.50, and J. Hardesty's
1922 meant fifth place and $7.95
to him,
The Washington times., 1934-03-31
RING BROTHERS
ON SANE CARD

Little fellows with a big punch
will furnish fireworks aplenty
Tuesday night when Matchmaker
Frankie Mann stages his Sched.
uled 34-round boxing card at
Portner arena.
Slated four rounds but expected
to stack up in one of the hottest
bouts of the night AL Dlntaman,
flyweight protege of Harry
Groves, goes to war with Joe
Transparante, Baltimore Italian.
Considered one of WashingtonS
outstanding prospects Dintaman
recently pleased with some two
fisted slugging in competition with
Nick Transparante, Joe's dead
game brother, who also appears
upon Tuesdays booking. Nick is
booked with Little Montana, a
newcomer here.
The main eTenr cards Charley
Won Reedon and frankie Covelli
over a ten-rount distance.
Meanwhile two advance attrac.
tions for Portners Arena have
been announced by the Day
Nursery Committee of Alexandria.
Matte Brown is to meet Marty
Gallagher April 10, over a 10
round route, and the winner is to
clash with Donald ("Red") Barry,
probably April "a.
The Washington times., 1934-03-31

y AASSSN
The Chicago boys, who are fin
ishing a two-day stay in Wash
ington en- route home from New
York, where they fought in the
Golden Gloves tournament, are
not the Kind of youngsters to
give such a statement the lie. In
fact, one of them said yesterday:
'"Yeah, WashingtOn'S a right
nice place, but the thing 1 like
best is we're going to eat again.
Boy, did they starve us in New
York? Nothing but tea all the
time and in bed by ten. We're
going to make up for lost time
in eating"
Some of the boys, however,
were not satisfied with being in
the East. Said one:
"This is my first time cast,
and I've had enough of it al.
ready. Hey, coach, how about
letting me take the first train
out to PEORIA"
You would have thought the
boys would be a bit downcast
over their defeat by New York,
Wednesday night, but the Chi.
cago scrappers' attitude was
voiced by George ~Jabber")
Young, assistant coach, who said
"NO, we don't feel bad about
our work at all. This is the
best showing we ever made in
New York and, though we lost
81, we won a moral victory.
Everybody in New York knows
we got the bad breaks.
Besides we haven't time to
worry, for on May Is we fight
a team from Poland in the
Chicago Stadium. We have al
ready beat Ireland and France
and tied with Germany. The
teams come over here each
year for the matches.
"Say, did you know we hold
the world record for attendance
at an indoor show? Three
years ago we drew $4,000 peO-
pie and that's more than any
boxing show, amateur or pro-
feSSiOnal can show. We also
had the largest crowd for an
outdoor show for last year
when we drew 4S,OOO."
The tournament just ended
was the sixth and Chicago and
New York have split even in the
number of victories, but Chicago
has won two more bouts during
this period. The boys always get
a visit to Washington included
when they fight in New York.
Only one knockout occurred in
the matches and that was won
The Washington times., 1934-03-31

1918, club team qualifications; 1890,
club team qualifications: 81, team
match with Beaver Dam: 80, flag tour
nament; June 2-3, open; 9-1O. LampsOn
trophy tournament; II. intra-Club team
match. Reds VS.. Blues: 1924, open;
June 80. July 1, Boosters tourney; July
4, flag tournament; rs, tombstone tour
nament; 1913, Scotch fOursOme: 21-22.
handicap tournament, A. b, C.: Septem-
Der 1. 2, 3, qualifying rounds club cham
piOnship; 80, first round, match play,
club championship; 1915. second round,
match Dlay, club championship: 22-23,
semi finals, club championship; 80, final
round, club championship; November
ga, turkey tournament,
The weather man gives local
golfers Scant hopes of fair
weather for golf tomorrow. Even
should the sun glisten in all it's
glory the ground underfoot will
be mushy as the result of rain.
Baked at Augusta and Pine
hurst, AL Houghton. Kenwood
pro, will attempt to crash into
the money division in the $500
Cavalier Open which starts today
at Virginia Beach.
The Washington times., 1934-03-31
FAVOR CENTRAL
IN NET SERIES

Central, defending champion,
Is q slight favorite to retain its
tnter-high tennis championship
this year.
With Tony Latona, former
western ace, aiding Coach E. Bish,
Western will press Central hard.
Capt. Johnny Yeomans heads
Central's team which includes
Sam Root, AL Ritzenberg, Ed
Dougherty and Donald Surine.
Bish and Latona will pick their
team from Johnny Hatch, Dick
Lynham. Jack Waddell and Pete
Allnutt.
Eastern has a real star in La
Velle "Dopsey" Dean, who aided
Eastern High win the inter-high
basketball championship.
Eddie Pinkham is Techs out
standing performer. He is favored
to win the inter-high individual
crown. Schedules:
TECH
April "a, Central.
May l, Roosevelt; 4, st. Adams, at
Bt. Adams; 8, Eastern; 9, Episcopal, at
Alexandra, pending; H. Maryland
Freshmen, at College Park; Is, West
Orn; 26, Forest Park High, at Balti-
more.
Pending-Mt. St. Joseph's. of Balti-
more; Friends School. Georgetown Fresh
men, George Washington Freshmen.
CENTRAL
April IA. Episcopal High, at Alexan-
Gria; 20, Tech; 81, Maryland Freshmen,
ct College Park: 2S, George Washing
ton Freshmen; 27, Eastern: %, Loyola
High. at Baltimore
May 4, Western; 5, Forest Park
HiEh; II, Roosevelt; 10. Virginia Fresh
men; Is, Georgetown Freshmen; 49,
Tome Institute. at Port Deposit; rs,
11oyola High. at Baltimore.
June %, Massanutten Military Acad-
envy at Woodstock, Va.
WESTERN
April II, Eastern; "a, Roosevelt 81,
George Washington Freshmen.
May 4. Central; 5, Loyola High of
Baltimore; 9, st. Alban's, at St Adams;
is, Tech; Is, Woodberry Forest, at
Orange, Va (tentative); Is, Maryland
Freshmen, at College Park; 26, Loyola
High at Baltimore.
Pendng--Tome Institute, St. James
Of Hagerstown: Georgetown Freshmen
and Forest Park High, of Baltimore.
The Washington times., 1934-03-31
TITLE TOURNEY
LURESFANS

Today and tomorrow being
Washington Days in the National
Duckpin Bowling Congress Tour
nament at Baltimore. many local
fans as we'll as teams will jour-
ney over, hopeful Of seeing the
Capital regain some Of its lost
laurels.
Proving that the season Is
never over until the last game
has been rolled, Lucky Strike
BARRIERS last night passed the
seemingly invincible Silver Spring
Skating Rink to grab first place
in the National Capital League
on total pins.
Peoples Life Insurance took the
Skaters for two games while the
BARRIERS were whitewashing Lucky
Strike. Eddie Espey and Bill
Krauss led the BARRIERS with AL
and 401, respectively.
Led by Frank Mischou's 1859
game with nine straight marks,
Fountain Hams rolled $50, league
record game.
The Washington times., 1934-03-31

Inc program opens april 14-10
with a kickers' handicap tourna-
ment and ends November 3-4 with
a turkey tourney.
Qualifying rounds for the club
championship will be held Septem-
ber /, 2, 3, with the final round on
September 80. Qualifications for
the club team will be held on May
1918 and May 1920.
There will also be a handicap
sweepstakes every weekend during
the season and team matches will
be arranged with other clubs.
Golf Committee
The golf committee includes
Wilbur A. Taylor, chairman; La.
mont B. Beeber, Edward S. Cas-
sedy, William P. DiEste, Raymond
E. Gable, Raymond NJ. Lawren-
son, Perry w. LeDuc, Edward L.
Mifflin, and William Walsh.
Schedule:
April 14-1S. Kickers handicap: 91-39,
seleCtive handicap; 1921. board Of gov.
srnoI days. May Saos 6aleCtaVe hAndiCaDS
The Washington times., 1934-03-31

The local Bakers had two less
spares than the invaders, in the
team match, but chalked up six
more strikes. The marks totals
were Sunrise, SO spares and 81
strikes: Wooster, IS spares and IS
strikes.
Ollie Pacini, who swamped Ke-
bart with a 702 set in the singles,
averaged 1922 for his ten games,
while Eddie Espey had 1868, and
Ray Won Dreele maintained
1854 pace for is games. Whip"
Litchfield had 124.S and Ray
Barnes, 124.5.
Pacini had q 176 game.
The veteran ''FidO" O'Brien
topped the invaders With 1854,
The Washington times., 1934-03-31

When President Clark Grit
fifth made up his player list
for publication this winter, he
had most everybody in print
but Elmes Klumpp. And as to
be expected, when Klumpp re-
ported for training camp prac.
tice, everyone asked:
."WhO is this Klumpp guy
anyway"
Soon after the beginning Of
practice, Klumpp began to at
tract attention. The way he
caught the ball was noticed
first. Then his throwing.
Finally when Cliff Bolton
didn't show up, and the batting
drills commenced, Klumpp was
clocked as one of the best
''finds" in years. He smacked
the ball solidly.
Now. Elmer appears as the
worthy successor to Cliff
Bottoms job as third-stclng
catcher with the Grlttmen tnlS
season. Cliffs holdout actions
gave Elmer this chance, and
Klumpp today is very thank
full for it, even though it might
mean his team mate will be the
sufferer.
Klumpp is a stockily built
lad, only 26 years old, stands
S feet, 10 inches, weighs ITO
pounds, and bats and throws
right-handed.
This is one Of a series Of
thumbnaiI sketches on mem
bers Of the Washington baseball