davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-01-27
PROFIT TAKING
SENDS BONDS
DOWNWARD

NEW YORK, Jan. 81 GN.S0.
The bond market showed an
easier tone in dull trading today,
with an increased tendency to-
ward profit-taking influencing
generally downward changes in
domestic corporation liens.
q. s. Governments, however,
were an exception, with quiet in
veStment absorption carrying
many of the active Federal liens
to fractionally higher levels.
The run Of speculative rail is
sues were distinctly heavy in tone.
st. Paul SIS A sold off a point,
while Baltimore & Ohio 41aS and
Illinois Central 4As lost u each.
AMedium grade domestic corpo-
ration issues were also inclined
to. work somewhat lower. Inter
national Telephone SIS lost a point
and, Postal Telegraph SIS sagged "a.
German issues were in renewed
supply in the foreign group, with
the break in this group which
began yesterday attributed to the
withdrawal of support by Ger
man interests. The Agricultural
Bank loans were hardest hit, with
the IS Of '38 off 2 points at So,
and the rs of so down 7s at 601s.
The Washington times., 1934-01-27
Chain Sales Up
10 Per Cent

Sales of reporting chain store
systems in December were 10
per cent higher Cian in Decem-
ber, 1882, the largest increase
that has occurred since April,
1880, says the Federal Reserve
Board report. Sales OF the
10-cent and variety chains were
considerably above a year pre-
vious, showing the most favor
able year-to-year comparison
since last August, Candy chain
sales we're practically unchanged
from the preceding December,
following reductions in october
and November. Sales Of other
chain store systems, however,
remained smaller in Decem-
ber than in the corresponding
period of 1892.
For the year 1888, total sales
were about is per cent smaller
than in the year 1882. Ad-
vances in the second half of
the year nearly offset substan-
tial declines which occurred in
the first few months of 1888.
The Washington times., 1934-01-27
COTTON SCARS
AS SELLING
MOVE ENDS

\ NEW YORK, Jan. 27 G.N.S).-
Cotton futures finished the week
in impressive fashion today, run
ming up gains of about rs cents a
bale as the liquidating movement
so predominant earlier in the
week, came to an end.
There was some new buying
from the outside, especially
through Wall Street houses in.
distant months with price-fixing
by the domestic and continental
trade furnishing the chief sup
port.
Final prices were up 10 to 16
points, with March up 10 at 1l.17;
May up 16 at 11.31; July up IA
at 11.45; october up IA at 11.58;
Dec. up is at 11.72, and January
up IS at 11.77.
The Washington times., 1934-01-27
Tin Consumption
RepOrted HiqheT

A big advance in world tin con-
sumption for 1888, which became
evident in the last six months, is
officially reported in the statistical
analysis for the year prepared by
The Hague statistical office of the
International Tin Research and
Development Council, made public
today and cabled to this country
Although final figures have not
yet been received from all coun-
tries, the analysis states that con-
sumption of tin during 1888 will
approximate $4,000 tons, an in
crease Of $1,000 tons, or some Is
per cent compared with 1882. The
1888 total, however, is about $4,000
tons under the average for the 10
year period ended with 1882 and
$4,000 tons under the peak year
1929.
The Washington times., 1934-01-27
Haney Relates Theory
Of '6O-Cent' Dollar

find out by trading them for
gold. Just try it.
You might as well say, Il will
fix the price of shoes at $40"
You could buy plenty of shoes at
your price, but you could not
make other people do it.
A New York merchant asks,
IF our currency is stabilized at
so cents, does that mean revalua-
ton, or does it mean that the
Government is buying gold on a
higher ratio, presumably lowering
thereby the purchasing power of
the dollar?"
Not Stabilized
In the first place, our currency
is not stabilized at 80 cents"
The Government is talking about
80 per cent" as much gold in a
gold dollar as there used to be.
But it is not going to issue any
gold dollars.
Anyhow, you don't know what
a cent" is worth. A cent is
just a fraction of a dollar. Its
value depends on the value of
a dollar. When the purchasing
power, or value, of the dollar
goes down, the cent goes down,
too. So it does not help us any
to cali it a "60-cent dollar"
In the second place, nothing
thus far done means revaluation.
In order to revalue the dollar in
gold, it will be necessary Cd to
fix exactly the quantity of gold
in the gold dollar, and (2) to
allow free exchange of paper dol.
lars for gold dollars.
AS long as we do not know
exactly how much gold is in
a gold dollar, and especially as
long as we cannot trade our
paper dollars for gold, we will
not know what dollars are worth
in gold. There will be no re.
valuation. The Government is
merely paying a large number
of dollars for an ounce of gold,
mostly abroad.
Cheaper Dollars
If we do revalue the dollar
on the basis of a so per cent
cut in the size of the gold dol
lar, the man who owes $40 will
still have to pay $40" but
each dollar will be worth 40 pei
cent less than formerly. Al
least, it will be worth 40 pei
cent less gold, and if prices rise
in proportion, paper dollars VII
fall that much in purchasing
power.
Then. if the debtor can ge
the dollars some way, he will
have an advantage over thu
; creditor.
The Washington times., 1934-01-27
NET OPERATING
INCOMES UP

NEW YORK, Jan. 81 G.N.SD.
Substantial gains in net operat-
ing income were made during
1888 by the Baltimore & Ohio,
New York Central and Pennsyl-
vania railroads, three of the
largest roads in the country, pre-
liminary renorts for the year
disclosed today.
The Pennsylvania increased net
operating income $12,844,821 from
$40, 1872, ,O38 in 1882 to SCI, ,976,859
in the face of a $6,677,644 drop
in gross revenues. Operating ex-
penses were pared $15,243,256,
mainly by a reduction in trans
portation costs. December met
operating income rose from ST.
POTTS to $3,68O,625.
Despite a $10,295.038 decline in
gross revenues, the New York
Central registered a $12,456,176
improvement in net operating in.
come to $33,269,163 as a result
of $19,253,326 reduction in
operating expenses. December net
operating income gained from
$2.213,104 to S2,233,396.
The Baltimore g. Ohio raised
net operating income in 1888
from $21,973,398 to $28,849, ,201,
a betterment of $6,875. .8O3, and
boosted gross revenues $500, ,429
to $131,792,253. Operating ex-
penseS were cut by $1,285,236,
the major savings being in trans
portation costs. December net
operating income dropped from
$1,841,587 last year to $1,626.523.
The Washington times., 1934-01-27
InUestment Trust
Average Is Higher

Inv3"t,nent trust securities
e:~c:n he'd firm durin~ tie past
week. moving up,.;:2.-l sli~ltly
with security pr.ces in general.
The average for the common
stocks of the ten leading man
agement trusts, influenced by
the leverage factor, as compiled
by Allied-Distributors. Inc. stood
at 1.41 as of January 26, the
highest average recorded since
last September. and compares
with a revised figure of 1905 on
January 19.
The average of the non-lever-
age stocks stood at 16 30 as Of
the close January rs, compared
with 1859 at the close on Janu-
ary 19. The average of the
mutual funds closed at 11.49
compared with 11.39 at the close
of the previous week.
The Washington times., 1934-01-27
SLUGGISH
WITH SEVERAL
EXCEPTIONS

NEW YORK, Jan. 81 G.N.S).
The curb market turned in q
highly irregular performance to-
day, with strength in a handful
of issues offsetting general slug.
gishness elsewhere along the line.
General tire and rubber fea-
tured the specialties with a jump
of 23s points to 497s on reports
that a five-for-one split-up of the
stock was contemplated. Great
Atlantic and Pacific Stores
jumped 2 points to lat, and Bo-
hack Stores gained 112 at 1919.
Montgomery Ward A was soft
spot, dropping points to 81,
while American Book was down 2
at 81.
Pure Oil preferred stood out in
the oils with a jump of 12 points
to 521a. Gulf sagged on profit
taking, showing loss of " points
at IA.
Utilities ran into recurrent Of
feringS, with American Gas and
Electric, Electric Bond and Share
and United Light and Power A
easing fractionally.
Cities Service common marked
time at its previous close of 31s,
while the debentures eased 3s to
4012.
Utility bonds turned lower, with
declines of almost a point sus-
tanned in Electric Power and
Light SIS and American Power and
Light IS.
The Washington times., 1934-01-27
Reports ShOw
Better Trade

Hercules Powder reports net
earning for 1888 of $2.79 a
common share as compared
with "a cents in 1882.
F. w. W0OlwOrth, Ltd, sales
during 1888 showed gains, Off
cials report. They say the gains
are continuing into 1884.
Freight car lOadingS top pre-
ceding week by 4,SO3 cars, cOun-
tering the usual trend.
Bond offerings during the
past week were $11,788,000 as
compared with 1851, 900 last
week and S4,O40,0OO a year ago.
Dun and BradStreet reports
retail volume as 10 to rs per
cent above a year ago.
The Washington times., 1934-01-27
2,500 BANKERS
To MEET HERE

More than $500 bankers are
expected to come here June II
for the annual convention of
the American Institute of Bank
ing, according to an announce
ment today by T. Hunton Leith,
secretary of the Savings and
Commercial Bank, who is chair
man of the general convention
committee.
Leith called meeting of all
members of the general conyen-
ton at $50 p. m. Tuesday at
the Willard Hotel.
James C. Dulin, jr., I. J. Rob-
erts and James A. Soper are vice
chairmen under Leith, while Ruth
I. Gordon is secretary and Rich
ard A. Norris treasurer.
Robert V. Fleming is chairman
of the advisory committee, assist
ed by Vice Chairman Francis G.
Addison, jr., and Frank Stryker.
The Washington times., 1934-01-27
Sears Forms Life
Insurance Branch

AS a result of the decision OF
Judge William j. Lindsay OF the
Superior Court to award the con-
tract for reinsurance of the 112,-
900 policyhclders of the National
Life Insurance Co. of the U. S, A.,
to the Hercules Life Insurance
Company, Sears. Roebuck & Co.
were today rushing to completion
the organization of its new life
insurance subsidiary.
Col. G. E. Humphrey, vice
president of Sears, Roebuck q
Co., is president, and Carl l..
Odell is general manager OF Her
cules. Both hold similar positions
with the Allstate Insurance Com
panieS.
The preliminary legal steps to-
ward the formation Of the Her
cules Life Insurance Company
have already been taken, Col.
Humphrey said, and the organlza-
tion of the company will be COM
pleted within a few days.
The Washington times., 1934-01-27
METAL MARKETS

NEW YORK, Jan. 81 G.NS. Cop
per buying abroad continued in mol
crate volume today, with the price
ranging between SIS to $40 cents
pound elf. Hamburg. Harre and
London, as compared with S.175 cents
to s.2j cents a pound Yesterday.
In the domestic market buying was
small with the price unchanged a.:
81 cents delivered 10 the end of
April.
Lead buying was small. with the
price unchanged at 100 cents a pound
New York and $50 cents a pound,
ST. Louis.
In the zinc market little metal
changed hands. prime Western remain
ing at 425 cents pound Fast st.
Louis
The Washington times., 1934-01-27

1 " " NAObAAOo'
housing, and fuel. The very fact
that he picks cases Of price-tlXlng
shows that he is trying to get
around the fluctuations in the pur-
chasing power of the dollar.
When a government fixes the
price of electricity or railway SER
vice, it merely says how many
dollars we must pay. 1t does not
say how much each dollar IS
worth. So we find other businesses
raising prices, and our dollars
don't buy so much clothing.
In time, the railway and utility
companies find their dollars buy
less fuel and labor, and then
either their rates must be fixed
higher, or they give us less for
our dollars.
Cannot Fix Value
The plain fact is that the gov
ernment can fix a price" in
dollars, but it cannot fix the
value" of anything. The value
depends upon how much buyers
and sellers think it is worth to
them.
Some people think that the
Government has fixed the price
of gold. This is not true. The
Government merely buys some
gold at a price. But Cd the
world gold market does not agree
with the Governments price.
20 The Governments price is
not effective for us, because we
cannot buy any gold.
I say that you don't know what
your paper dollars are worth
even in gold. because you can
The Washington times., 1934-01-27
ACTION ON CLOTH

NEW YORK, Ian. 81 G.NS.) 1.-THE
coarse yarn cloths market finished
the week with little in the way of
important business.
Despite the slackening of activity
which had been noted for the past
two or three days sales for the week
of print cloth yarn goods and sheet
ings were we'll in excess of prod. c.
tiOn, being estimated in conservative
quarters at about 120 per cent
OF current production. the general
feeling persists that buyers are sim
in need of goods and that mills are
not in a position where they have 10
force sales, so that prices Il " he held
firmly even il the relatively dull
period should be protracted.
The Washington times., 1934-01-27
PITTSBURGH PRODUCE

PITTSBURGH, Jan. 81 IN.s).
Poultry; Market steady; demand good:
supply good; colored hens. } pounds up,
15c; medium, lie; LeStorn hens, 3
pounds and up. 1Oc: medium. Sc Hard
horn springers 10c: colored springers,
pounds up, 13c; under, 12c; turkey hens,
Sc; roosters. sac; ducks. 5 pounds up.
12C: under. 10c; geese, fat, 12c: ord
mary sc: Young toms, 1SC; old tombs,
1ic; No. turkeys. 12c.
Euitcr-Mar!iet steady: demand good:
supply good 81 score. - c; SO score,
u sc: IS score, unpuoted; standard.
21&c
Eggs-Market firm tone; demand
good, supply good; nearby current re-
ceipts. 19c; fresh extra first, zoe; hen"
merry white extras. 22c; So. O., w. Va.S
KY. current receipts, 19c.
The Washington times., 1934-01-27
ReUieU Sees Rail
Traffic Increase

Executives of major industries
in the Pacific and Rocky Mountain
states estimate a 10 per cent in
crease in railway freight car re-
quirementS for the first quarter of
1884, as compared with the cor
period last year, the
Bank of America california;
states in the current issue of its
Business Review.
The Washington times., 1934-01-27
CHICAGO LIVESTOCK

Hogs-11 900: steady. Top. 1915;
bulk, SS.4O03.7O; heavy, S3.3Oa@.6O;
medium, $3.4O@3.75; light, $3.35@3.75;
light lights, s3.5O@3.65; packing sows,
$2.5O@3.15; pigs, $2.25@3. Holdovers,
1000
CaHle-1O0; steady. Calves, 200;
market steady. Beef steers, good and
choice, $6@7.25; common and medium,
$406; yearlinGs. $6GD7.25. Butcher cat
tie. heifers, $3Q6.5O; cows. S2.5OG4;
bulls, $2.5O64 calves, $4W7; feeder
steers, 3@4.5O; stocker steers. $27504;
stocker cows and heifers, S1.50W2.75.
Sheep-5,000; steady. Lambs, $500
9.25; common. $5m6.5O; yearlings. s60
s: feeders, $6.5097.5O; ewes, S2.5O@
The Washington times., 1934-01-27

figure what our
paper dollar is
worth. He in
sistS that the
dollar will buy
what the law
pre- S C ribes in
the aSe Of
fix d public
utility services,
postage stamps,
milk, and NRA
labor.
Well, what if
that were true?
Prices are not
fixed for most
fnnd nlnfhnS
The Washington times., 1934-01-27
NEW DIME STORES

NEW YORK, Jan. 81 GN.SD.-The
general improvement in trade during
the latter part of 1898 has continued
so far this year. w. l.. Stephenson,
chairman of F. w. Woolworth and Com
pany, Ltd, stated today that three new
stores were constructed to replace older
ones and 10 units were altered to pro-
vide more extensive selling space
The Washington times., 1934-01-27
CURB REMOVALS

NEW YORK. Jan. 81, G.N.S.).-Re-
moval of the following issues from un-
listed trading privileges on tha New
York Curb Exchange was announced
today.
Backstay Welt Co common, Asbes-
los Corp, certificates, Canadian Car e
Foundry, common Remington Rand.
Inc, debenture rights, and SanRamo
Electric Co, common.
The Washington times., 1934-01-27
BY LEWIS HANEY
Professor Of Economies,
New York University

Today I will try to answer some
of the inquiries and comments
concerning money, which I receive
from readers.
One man from Michigan under
takes to reply to my challenge to
The Washington times., 1934-01-27
NEW YORK CURB LIST
High Low Close

High Low Close
GATED Founders Corp - Ia
Tn ted Gas ........ @"s rs "a
United Gas pf ...... 81 81 81
United l. & A....t &a4 3l2 ~
United il G. p CIV pf... Is 14@s Is
United Molasses. ...... 4a IA ~
United Profit Sh...... 3a4 - 35I
United Pro Shar pf. 9is 9is 81
United Shoe M........ 6Ol4 J9t2 6Olt
u Electric Pow. IS IS n
L 5 Il Int Sec 1st pf. S5, JJ SIS
United Stores. ........ Is IS "a
United Verde Ext t.... 3Ts 81 SE
Utility Equitics.. ....... "a rs "a
It'll p & l. pf. ....-. T. l0l@ II
Van Camp PIX pf...... $'a 81, 3is
Nu-t Nfs............. ~ As ~
Waco Aircraft ....... Is l%'2I l.,
,,n. lie .ulnJ ....... rs Isl 1S
N,H "a .Nir r. r..... - 1A'o 20
Williams X c ......... 1i5s, 1i's 81
Vi il<un Jones ........, II II ! IL
Wuodiey Fetr o.. ...... "a "a Az
Wright Harg Mines Us 6a4 bM
The Washington times., 1934-01-27
N. Y. STOCK QUOTATIONS
Continued from Preceding PaRe)

stock tb FdIts =
and tdI Extra PAID this
th) Payable In stock tmD Payable Sc In
With Withouf
- Ex dividend 90 Ex rights
Dividend rate in dollars parenthess tN)teI Extra
iir1snds ouh shed through regular dividend period
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1934-10-18
Sank Cl1@@EfM E 1n1 III { E us High
Centre M a Ik59EN6 Gmtt1SSS MIX IN II School
OBSERVATION-DISCLOSURES
High
School
NUMBER 2

Gene Green brought a book called
Twistum Tales, by Esther M. Ames
It was about Wampas Tommy, q
jet-black cat as hard as wood and
no wonder-for he was made OF
wood!
The students have completed
their rainbow booklets.
Marie Kortan has gone to Iowa
for a few days visit.
MISS HENKLE'S ROOM
The second grade have new arith-
metic charts. They are individual
graphs which will mark the child's
progress throughout the year.
The children made some cut-out
posters of Halloween. They have
some with witches riding broom
sticks and jack-o-lanterns and such
things.
Several children were absent be-
cause of illness.
MISS CHAPMAN'S ROOM
Those pupils VINO have the honor
of being the ones with perfect at
tendance this six weeks are: Sid
ney Butler, Patricia Casey, Larry
Connley, Harriet Dickson, Dean
Jackson, Finn Johnson, Marian MI
gent, and Victor Wiener.
They are very much interested IN
the library reading and are work
ing hard to get colored book on
their shelf. ~......-
The second grade have new Sci
ence readers called outdoor Wis
it's" Each day they are anxious to
see what Don and Nan are going
to visit. They also try to find some
of these things and bring them to
school to further their study of ma
ture.
MISS FLATEN'S ROOM
New readers and workbooks by
Elson, Book have been started in
the third grade after they had fin.
ished the Gates Third Reader.
Audrey Brecken was absent last
week. We hope she will be back
with us next week.
Bruce Stansfield had perfect score
in spelling for this six weeks. We
are looking forward to a greater
number of people having perfect
scores the next six weeks.
The following have been neither
absent or tardy for this six weeks:
Bruce Stansfield, Darleen Thorn
bloom, Judy Conkey, Vernice Cor.
dell, Francis Doubrava, Patricia
Hansen, Winifred Hansen, Fayette
Huston, Arthur Kinsella, Billy
KNAPP, Franklin Katesba, Shirley
Paske, Marcella Schley, Walter
Thull, Alvina Weiner, Billy Arndt
FIFTH GRADE
There are twenty people from
this room who were not absent the
first six weeks.
Each child is keeping his own
Studebaker test record in Arithme-
tic. As soon as he gets a standard
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1934-10-18
Sank
Centre
VOLUME v

Editor-in-Ch ief-Ethel Wruck.
Associate Editor-Loretta Krebs,
bach.
Reporters Senior High, Loretta
Krebsbach; Junior High, Ruth
Grindy.
Sports-Elizabeth Brown.
Classes-Gladys Iwinski.
Sr. High Teachers-Irene Shan
ley.
Scouts-Jane Dowswell.
Home Economis-Marion Arne-
son.
Teachers Training-Regene Fors.
berg.
Industrial-Gladys Iwinski.
Health-Kathryn Kennedy.
Music-Peggy Smith.
Commercial-Gladys Iwinski.
Grades-Mae Huisman, Malvina
Gritzmacher, Evelyn Hennnigs-
gard.
Humor-Mary M. Barron.
Library-Fern Nelson.
Exchange-Dorothy Keldahl.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1934-10-18

4 :
thors and by authors giving incl
dents of their lives and why they
wrote stories. Also letters from
members Of the guild are given tell
ing what books they have enjoyed.
The selections Of the Junior Lit
erary Guild are the outstanding
children's books being published.
They are literary works of great
merit, Immensely interesting, well
written and things we like to know
about such as biography, travel,
animal stories and sea stories.
One should acquaint oneself with
reading their review and notes.
Don't miss the opportunity Of en-
joying the guild selections each
month for your group.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1934-10-18
sAUK CENTRE HERALD. sauk CenIre, nllnn.

score one on test, he records it and
goes on to the next test.
Last Friday was Columbus day
Al program was given which was
enjoyed by Miss Holden's and Miss
Thomey's rooms.
MISS HOLDEN
The following are taking part In
the tennis tournament: Leon Weed
err, Bob Rattle, John Kolton, Doug
las Kohl, and Gordon Hedin.
On Thursday the pupils listened
to some music and drew Halloween
pictures illustrating it.
MUSIC
Miss Boobars Music " class has
been studying the opera Carmen
'"The Toreador Song" and other
selections from this opera were
played on the monograph. This
procedure fully acquaints the stu
dent with the pieces most familiar
of the different operas.
Oral talks were given this week
by the class on the instruments
and musical characteristics Of Or
iental countries. The talks were CIV
en- in connection with the unit on
foreign musical systems.
Music II Glass enjoyed listening
to two piano solos given by two of
their classmates. @Iiebestraum" by
List, was nicely played by Geral-
dine Hansen as was Sinding's rus
tie of Spring" by Betty Mae John
son. Each girl gave a biographical
report on the composers life.
HEALTH
Miss Owens is beginning indi-
vidual inspection Of the first and
second grades this week. This in
cludes testing the eyes and ears and
also taking weights and heights.
These will be compared with the
average child's to determine wheth-
er the child is up to normal. CUES
tons will also be asked each child
about his health habits. It is very
unpleasant to note that the aver
age school child does not get
enough sleep.
HOME ECONOMICS
Miss Miller is teaching the seven
tn grade how to become real
cooks. She starts out by teaching
them how to make aprons. They are
to be made in white. Monograms
and initials are providing variety
of appearance.
Interior decorators are showing
their skill in the eighth grade, by
making book-ends and framing
pictures. Some Of the girls are
very well based on this type OF
work.
COOKS
The freshmen are preparing
breakfasts and breakfast menus
Many tasty meals are being made
and the kitchen lab. is bubbling
over with enthusiasm to see who
can prepare the best meal.
Sophomore girls are trying to de.
eide what type of girls they are
Each one is being pointed out as
athletic, dramatic or ingenue
They are also discussing design and
the colors best suited for them.
TEACHERS TRAINING
We have begun our observation
work by startin gin Miss Boehmke's
room Friday. This week we are
doing the same work in rural
schools.
Miss Anna Swenson, State Inspec,