davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-12-30
SLOAN PREDICTS
MODERATE GAINS
General Motors President
Sees Sounder Approach
to Recovery Ahead.
BY the Associated Press.

BY the Associated Press.
DETROIT, December 2s.-Predict-
ing that conditions in 1885 should be
somewhat better" than in 1894.
Alfred P. Sloan, jr., president Of Cen
eral Motors Corp. said in a New
Year statement tonight that despite
economic industrial policies more
harmful than beneficial" there is now
developing "a sounder approach" to
the problem of economic recovery.
Mr.. Sloan said that 1--WE must ar-
preciate, and this fact is frequently
forgotten. that it is impossible to
violate successfully, natural economic
law, although we can formulate
economic policies that modify the
effects Of such law"
Points to Slow Progress.
The text of Mr.. Sloan's statement
follows:
IT have for some time past con-
tended that there is very definite evi-
dence that the deflationary forces,
which have played so important part
in the worlds industrial depression,
largely spent themselves in the Sum-
mer of 1892 and that slowly, but
surely, there has been developing since
that time a foundation for world re-
covery. I might call that fundamental
No. l.
Next we must appreciate, and this
fact is frequently forgotten. that 1t is
impossible to violate successfully.
natural economic law, although 1t can
formulate economic policies that
modify the effects of such law. These
policies can accelerate or decelerate
the normal process Of depression and
recovery. Applying this thinking to
the economic policies as affect in
dustry, in which I am directly con-
cerned and have better opportunity
for observation. am inclined to think
that what We have done has been, on
the whole, more harmful than bene-
fetal. We have accelerated rather
than accelerated the normal process
es of recovery. That Is fundamental
No. q
Thoughts Move In Harmony.
IT am convinced. hence I am en-
couraged, and believe all have a
right to be encouraged, over the fact
that there Is developing at the mo-
ment. a sounder approach to the
solution of these vital problems.
"Our thinking is becoming more in
harmony with the natural economic
law to which I have previously re-
ferred. There is a greater appreciation
of the importance of the wealth Great
ing pay roll, yardstick that measures
our progress toward recovery, as dis
tinguished from the unproductive pay
roll which adds to our future burdens
and, If continued too long, ultimately
leads to bankruptcy. If am correct
in my evaluation of the present trend
of thought and that trend Is inter-
preted, either into action or lack OF
action, and one is as important as
the other, then we can proceed down
the road that leads to sound recovery
witlD real confidence and at an accel-
Grating rate. That Is fundamental
No. s."
Evening star., 1934-12-30
Syndicate Seeking Corner in Commodities
Reported to Haze Made s'Killing in Pepper

would last the world trade for four
to five years.
The question, say commodity ex-
perts, Is how can the syndicate dis
tribute its enormous supply without
breaking prices wide open and sus-
tanning severe loss?
The operations in tin, 1t is said, are
rapidly coming to conclusion. One
factor Is the belief recently expressed
in Washington that the United States
should buy a supply of tin. since they
produce no tin and would need it
badly in event Of war.
The tin syndicate. 1t Is said, Is
counting on just such sentiment to
turn its widespread operations into
q profit If and when world powers
start buying large supply. -
Evening star., 1934-12-30
Crude Oil Supplies Reduced
$4,000 Barrels, Ickes Reveals

remained virtually unchanged, with q
daily average output of 2.4s0, 900 bar
rels, a decline of 10000 from the pre-
vious week.
Daily average imports were $4,000
barrels, approximately double the av-
erage Of recent weeks.
Crude runs to stills continued to in
crease averaging approximately 1885,
600 barrels daily for the week. The
estimated daily average balance of
crude oil for the week ended December
% was: Production, 2,480.000 bar
rels;; imports, $4,000; decrease in
stocks, $4,000, equals runs to stills,
2.5s5. 900; exports, fuel and losses,
ll2. 900.
Evening star., 1934-12-30
BY the Associated Press

BY the Associated Press.
N YEW YORK, December ga
M mysterious international syn
VI dicate operating in London to
i create a corner in three in
conspicuous commodities Is
currently credited with making a
killing" in white pepper.
As early as last March the group,
then identified as the Commodity
Crusaders" was said to have lured
Wall Street money into the plan based
upon purchasing the visible world sup
ply and production of pepper, tin and
shellac, and waiting for q price rise.
Little has been heard of the plan
since that time until American i'm
porters Of pepper made vocal their
fears that they would not long be able
to purchase at low prices q custonery
Evening star., 1934-12-30
INDUSTRIES PLAN
T0SPENDM|LL|0NS
IN M0DERNZAT|0N
Firms With Big Earnings
Will Have Heaviest
0utIays.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 29-Ameri-
can industries plan to spend millions
of dollars on plant modernization dur
ing 1885. Their outlays, however, will
be far from uniform, according to re-
ports made by editors of principal
magazines in many industries to the
National Conference Of Business Pa
per Editors.
These business observers say heavy
spenders naturally will be among those
businesses that earned profits in 1884.
such as food professors. restaurants and
bus lines. Others will spend for other
reasons-the steel industry because its
morale is better; building operators
because they have learned moderniZa-
tion pays; textile mills because they
must cut costs to Offset code expenses,
and SO on down the line.
Spending to Earn.
There will be little invested in new
plants or equipment on a speculative
basis or merely to pillow cash reserves
back into the business. Industry as
a whole is spending to earn, not for
spree.
Oil producers and refners did not
keep pace with obsolescence during
1884 even though their volume was
high. So considerable modernization
work is now in prospect. In gasoline
selling, distributors have learned by
1884 experience that the newer type
service plants bring bigger profits
The building of these will be acceler-
ated next year, says National Petro-
leum News.
The electrical industry will profit
by home and factory modernization
among its customers. Electrical power
plant improvement will not be impor-
tant until power demand rises much
higher than it did in 1884. In the
metal working field. the American
Machinist feels modernization pros
poets will be very bright" If the in
duStry improvement plans Of the ma
tional business associations 60
through.
Sees End Of Depression.
1--WE believe the depression is over"
Iron Age declares. adding that many
of its readers think so, too. This be-
lief is leading to "a great stimulation
in modernization activities" The
magazine Steel holds that moderniza-
ton prospects are distinctly better"
The Foundry notes that late 1884 buy
ing Of foundry equipment was 46 per
cent of normal in September, SIS per
cent in October and 80 per cent in
November, presaging rising curve for
1885.
Building modernization is likely to
increase very considerably" says Archi-
tectural Record. American Builder
says residential, small commercial
and farm building repairs and altera-
tions will more than double 1884 to-
tails" The National Real Estate Jour-
nal says surveys show a surprising
volume Of property improvement
planned for 1885. Buildings and
building management reports IS per
cent of Office building and apartment
owners answering in 135 cities are
definitely planning modernization."
(Copyrieht 1934)
Evening star., 1934-12-30
MACKAY POINTS TO GAIN
in TELEGRAPH INDUSTRY
Sees Signs That General Business Is on
Mend-Praises Efforts to
Free World Trade.
BY the Associated Press.

By the Associated Press.
N YEW YORK, Detcember 90
nj The trend has definitely
/ turned for the better in the
telegraph industry, in the
opinion of Clarence H. Mackay,
chairman of the board, Postal Tele-
graph-Cables Co, set forth in year
end statement today.
THE telegraph business in the
United States has shown signs of
strengthening during 1884 and I am
hopeful for 1885 if private industry
is able to regain momentum, as now
appears possible" Mackay continued.
Pointing out that the communica-
tions companies are chiefly the serv-
ants of business and that their
volume varies with general economic
conditions, Mackay nevertheless felt
Evening star., 1934-12-30

that their fortunes have been on the
mend in the last year.
THE year 1884" he observed, twas
slightly better for the telegraph COM
panies than 1888. While this is not
exactly a comparison to produce en-
thusiasm, it may well be accepted that
the trend, which was steadily down.
ward in 1881 and 1882, has definitely
turned"
Hope of success is expressed by the
communications official for efforts to
facilitate trade between the nations
Of the world. Pointing out that stag
nation in foreign trade has retarded
international cable and radio busi-
ness. he believes that any progress
in the direction of freer interchange
Of goods between countries will be
Immediately reflected in a pickup
in these services.
Evening star., 1934-12-30
MISSOURI PACIFIC NETS
$163,116 IN NOVEMBER

Special Dispatch to The Star.
ST. LOUIS. December 29-Net
railway operating income on the
Missouri Pacific Railroad in Novem-
Der totaled sl63,116. compared with
1887 ,445 in November, 1888. accord
ing to statement released here today.
Total operating revenues for the
month amounted to $5,575.47 COM
pared with $5,636,128 in November,
1888. For the IL months ending with
November net railway operating in
come totaled $6,078,653, compared
with $6.770.519 in the 1l-month
period OF 1888, while total operating
revenues amounted to $67,915,O19 for
the IL months this year, compared
with s62,793,557 in the same period
of 1893.
Evening star., 1934-12-30
CAPITAL TRANSIT NET
LIFTS SHARE VALUES

Capital Transit stock figured in a
small sale at 26a. on the Washington
Stock Exchange yesterday, up u. from
the last previous sale. The strength in
the stock was due to the report made
to the Public Utilities Commission
showing net. earnings Of more than
81, ,000, 900 during the first years oper-
ations under the merger. Anacostia
& Potomac r. r. IS recorded . 81 900
bond sale At 7sA. l.-t n IL
Evening star., 1934-12-30
CONTINUE
STEADY ADVANCE
ON RECOVERY PATH
Year-End Markets Buoyant
and YuIe Trade Tops
Best Estimates.
Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 29-Cables
and radio dispatches to Business Week
give the following survey of business
abroad for the week ending today.
London-"In Great Britain 1884
carried to greater flood the wave of
recovery which got its start toward
the end of 1888. The pace halted
in August and September this year,
but was stimulated by what Sir Josiah
Stamp christened recovery 1t is con-
tinuing now, with year end markets
buoyant, holiday buying exceeding the
fondest expectations.
The railroads have staged the
beginning of comeback, and for the
first time since 1881 the London, Mid
land g. Scottish is able to pay full
per cent on its per cent redeem
able preference stock
Politically, the year has been
marked by the steady but unadvertised
progress of the minister of agricul-
lures marketing schemes and the
gradual movement toward national
schemes for the major industries. All
primary produce is now under control
by government boards. Steel, coal,
shipbuilding and tramp shipping are
now well under control. Cotton will
probably reach the same state early
in 1885.
THE National government will have
to go to the country in 1886, and may
go in 1885 after the budget is passed.
Its fate is uncertain as there is a
strong move among the Conservatives
to end the coalition and seek a man
date for a purely Tory government.
Whichever way an election goes
Britain will continue to use tariffs
or Labor government would imply
low tariffs, Tory government high
tariffs.
War fears in Britain are more
acute. Rearmament will be pushed
forward, especially in the air. Off
cially and unofficially, there is a desire
to give Germany more elbow room,
and return of the African colonies
is quite feasible"
French Trade Quiet.
Paris-"Business is featureleSs. The
money market is slightly tighter in
preparation for heavy year end set
Elements. Retail trade rose during
the holidays, but it is too early to
tell how it compared with last year.
Feeling in Paris is that Frances
business situation is similar now to
the same period in 1882, which was
considerably below 1888 levels.
Parliament wound up its special
session before Christmas with a rec
ord vote in favor of the budget and
radical agricultural legislation. Mill
tary expenditures in the new budget
are increased 800 100000 francs. The
ordinary session of Parliament will
open January 3D.
Reich Production Up.
Berlin-"Keynotes Of the German
business situation at the closing Of
the year Is the expansion of domestic
production under the stimulation of
government projects and the parallel
deterioration of the foreign trade stu
ation Evidence of the recovery at
home is the reduction in the num-
ber Of unemployed to a new low of
II millions. Evidence Of the export
slump Is the unfavorable trade bal
ance of 220,000.000 marks this year.
compared with favorable balance last
year of more than 665 100000 marks.
Certain industries are beneflting
from the sharp bargaining which is
going on with creditors unable to get
their balances out of Germany, except
in goods"
Evening star., 1934-12-30

$4,000 tons Of pepper annually for
consumption in this country.
The price of white pepper. importers
declare, has risen from II cents to "a
cents in the last year. and black
pepper has jumped from 8 to 13 cents
pound. That increase has made no
difference in retail prices. but the
added pennies have been taken from
the profit margin Of importers and
manufacturers.
Operations in shellac by the syn
dicate, however, are viewed in Wall
Street as not so profitable in recent
months because the price has been
slightly lower. A substantial profit
was made in the commodity previous
to the price decline, observers report.
Dealers in shellac here say the syn
dicate has acquired . supply which
Evening star., 1934-12-30
CLEARING HOUSE ISSUES
REPORT AT new YORK

BY the Associated Press.
NEW YORK. December 29.-The
weekly statement of the New York
Clearing House shows:
Total surplus and undivided profits
$726, 6,068 400 (unchanged).
Total net demand deposits (aver-
age), $13,836,000 (decrease).
Time deposits (average), $4,530, ,00O
GncreaSe).
Clearings week ending today (X)
$2,567 ,658, ,664.
Clearings week ending December %
$4,275,9 ,972,751.
(X)-5 days.
Evening star., 1934-12-30
GAINS CONTINUE
IN STEEL OUTPUT
Demand From Auto Factories
Accounts for Ingot Rate
Above SO Per Cent.
BY the Associated Press.


NEW YORK, December 29.-Further
moderate gains in steel mill activity
stood out in contrast to the generally
quiet conditions prevailing in the nom
ferrous metal markets during the last
full week of 1884. Demand for steel
from the automotive industry as it
enters into new car production, &C
counted largely for an ingot operation
rate in excess Of 36 per cent of ca
pacity during the week. Other buying
was credited to miscellaneous in
dustries for early 1885 delivery owing
to existing small inventories. Rail-
road buying. however. remained small.
Prices were unchanged on finished
steel, pig iron and scrap.
Domestic copper consumers con-
tinued to purchase moderate guam
titles of Blue Eagle electrolytic
copper for nearby requirements at the
unchanged price of cents. Hope
fulness for improved demand was said
to be based on prospects for increas-
ing activity in some of the important
consuming industries early in the new
year.
Lead was quiet and unchanged fol-
lowing recent advances. Tin was quiet
and practically unchanged. There was
no apparent change in the zinc situa-
tiOn.
Evening star., 1934-12-30
EXPORTS OF REFINED
SUGAR MUCH LARGER

Nv the Associated Press.
NEW YORK. December 2s.-Exports
Of refined sugar from the United
states for the first IL months of the
wear were the heaviest since 1928 at
los SIT long tons, Lamborn g. Co.,
sugar brokers. report. During the
Ike period Of last year the export
Amoyement amounted to 42,218 tons.
Evening star., 1934-12-30
DUPLAN SILK CORP.
REPORTS SMALLER NET

BY the Associated Press.
NEW YORK, December 29.-Earn-
ings Of the Duplan Silk Corp. for
the six months ended November 80
show a net profit of $331,92 after
charges, equal after allowance for
dividend requirements on the per
cent preferred, to 81 cents q share.
In the corresponding period of last
year earnings were $475,834, or $1.49
share.
Evening star., 1934-12-30
BY the Associated Press.

By the Associated Press.
~ OMESTIC and foreign crude
oil stocks at the close Of the
week, ended December %,
- totaled 323,736. 900 barrels, a
decrease Of $4,000 from the
324, ,260, 900 barrels on hand the pre-
ceding week.
Secretary Ickes announced yester-
day that this decrease, which followed
decline Of 1,7l0,000 barrels during
the previous week, comprised q de-
crease Of $4,000 barrels In stocks of
domestic crude oil and an increase Of
ass, 900 in foreign crude stocks.
Reports indicate crude oil produc-
ton for the week ended December %
Evening star., 1934-12-30
NATOMAS NETS $S55,777.

NEW YORK, December % (P.-
Natonas Co. reports for II months
ended November 80 net profit OF
$855,777 after charges, equal to 86
cents a share.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-11-06

8:
~; I'd na ser %
ss ropsS .r teasss21
I'll ea ptenenct not the 91sy
stea*''' Of a ~ rorker A ~ 70
:: C ., k!<4n%
The Washington times., 1934-12-03

Domestic perfumes, naturally,
cost less than imported per-
fumes, and you get a greater
quantity for your money.
There is also satisfaction in
discovering and liking a fra
GRANGE that is not too popular.
So it might be worth your
while to become acquainted
with some of the delightful
concoctions of this perfumery.
One in particular, gar
denia, is very appropriate for
dressy occasions, important
luncheons with the new yen,
or gala evenings.
One always associates gar
denias with corsages, and this
perfume should be worn only
when corsage would be
worn. 1t comes nicely pack
aged in white and gold and
makes a good impression as a
gift.
But if you wish to be more
lavish in your generosity, you
might include it's two compan-
ion pieces a compact and an
automatic lipstick, which are
very pretty affairs of white
enamel traced in chromium.
Their contents are gardenia
scented. and you have a choice
of shade in powder, rouge and
lipstick.
These fragrant three would
delight any girl, and I feature
them here because their prices
are most tempting to the
Christmas list that grows
longer every day!
Stubborn WhiteheadS
Dear Miss Shelby:
My face is entirely covered
with tiny whiteheads that stub
bornly resist every effort to
eradicate them. Please tell me
what 1 can do. Sincerely,
Dear Mrs. E. H.:
The whiteheads of which you
speak will sometimes come out
The Washington times., 1934-12-03
Terrier Pei
Brings Paper
BY LIZ HUME

The Boston terrier is an eX-
tremely popular breed, especial
ly here in washington where he
ranks with the Scottie and wire
haired fox terrier, the two
breeds which head the list.
If Miss Lyla <. Fowle will
only send us a larger and
clearer picture of her Boston
terrier, "Chum," we will be de-
lighted to publish it.
"Chum" is described by his
mistress as lively and playful.
He makes a daily visit to the
paper boy" on the corner
where he receives the late
edition and carries it home in
his mouth. We hope it's The
Times. Nothing keeps him
from this mission.
Miss Fowle taught her dog
this trick when he was a year
old. She placed the paper in
his mout.', stopped down and
crawled along beside him.
Soon he walked on with it
alone. OF course he had to be
punished for dropping it many
times. Now he is exceedingly
proud of his proweSs in this
line.
The Boston terrier is a dis
tinctly American breed and in
half century it has become
one of the most popular dogs
in the country.
The Boston is the result OF a
cross between the bull dog and
the old fashioned brindle and
white bull terrier. The pur-
pose of the cross was to pro-
duce a dog that had the SYM
metrical body, alertneSs and &C.
tivity of the Terrier with the
impressive head and features
of the Bulldog.
All that could be wished for
has been accomplished. The
Boston terrier is today one OF
the smartest and most compan-
ionable of dogs.
If you have a good picture of
your pet, Liz Hume invites you
to send it in for use in this
column. No pictures returned.
1t is also very probable that
some of your experiences would
be of interest and value to
other owners of pets. Address
Liz Hume, care of The Wash
ingtOn Times.
The Washington times., 1934-12-03

II q Q AAAOAA .
fled it somewhat to make it
look more Occidental, and wear
it fitted at the waist.
But to get back to the prac-
tical side of the question.
Tunics are fine on people with
figure problems, but they must
be right. Peplums or short
tunics can be worn only by
those with slim hips, for if
the flare ends above the big
gest part of the body. or at the
same place, the effect is ex-
tremely bad.
Long Lines Best
A long tunic can be worn by
almost anyone, but it must be
as carefully cut and fitted as
a skirt. Even women with big
hips can achieve a very nice ef-
feet by wearing fairly long
tunic, with the skirt narrower
below it. They should avoid
exaggerated flares, or odd ef'
fectS, however.
The young and slim can be
The Washington times., 1934-12-03

very chic in tunic fitted tight
through the waist and hips,
and flaring full or straight be-
low. The Russian type is nice,
really full-skirted. with ex-
tremely narrow skirt beneath.
Dark CoIOrS Slenderizing
As to colors, again the young
and slim can wear almost any,
thing. A woman who is ma
ture, but not too big can often
have quite a nice variety in her
wardrobe by wearing fairly
dark, but not black tunics, with
a harmonizing skirt. And of
course we all know the grand
trick of a tunic that is neither
formal nor informal, worn for
afternoon with a street length
skirt, and for dinner with a
long skirt.
There's much more to be said
about tunics, but space doesn't
permit more today.
For fashion or merchandise
information write Wilma La
vile at the Times enclosing self.
addressed, stamped envelope, or
call District 1000, extension 283
between 8 and 5 week days or
8 and l Saturdays.