davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-06-21
Household Finance
Reduces PAYMENTS

ny AmGernaGOnaA news service
Household Finance Corporation
has reduced quarterly payments
on the participating preference
stock from $1.05 a share to 8712
cents, but declared the regular
quarterly dividend Of IS cents on
the class A and B common stocks,
all payable July IA to stock Of
record June 80.
The reduction was made, B. e.
Henderson, president, stated,
partly to reeStablish preference
stock upon its proportionate
parity with common stock, as
fixed by the company's charter.
and partly in connection with the
lowering Of charges to customers.
The Washington times., 1934-06-21

CovCI " q
action on the opening was also
negative in significance. Prices
were mostly a little lower, but this
condition was neither pronounced
or universal. AS the day wore on,
there were further small declines,
but neither the magnitude Of the
setback nor the volume Of trad
ing suggested any large reaction.
The correct way to look at this
market is to recognize it as pro-
feSSional affair, and as being so
thin that nervous movements are
easily produced on small volume,
but do not gain any momentum.
It seems fair to conclude that
no downward trend is yet indi-
Gated. despite the fact that
some individual stocks have
broken below their previous up
ward trends. The little reac-
ton may easily be explained on
technical grounds, and may be
thought Of as the usual filling
of the "gap" made last Satur-
day. Perhaps this action de-
creaSes the possibility that the
gap was an exhaustion gap,"
and warrants more hope Of
some further gains.
On the bull side, one can say
that the averages have hardly
broken q conservatively drawn
upward trend line.
Moreover, the volume Of trad
ing during the past week or so
has on the whole tended to run
parallel with prices. This obser-
vation reminds one that there
has really been so little volume
that nothing like climax selling
can be spoken Of, which makes
no sharp reaction probable.
Then, in the background, there
lie all the inf1ationary potentials,
which have long been the main
bulliSh factor. A large part Of the
Presidents activities is to consist
in spending our money in ways
more less calculated to stimulate.
On the bear side Of the argu-
ment, one can say that several i'm
portant stocks have fallen below
their recent upward trends, as
Steel, Telephone, and Atchison.
Possibly this is also true Of Du'
pont and American Can.
Tuesdays setback casts doubt
on the stamina Of the move. the
most active issues leading the de-
cline. The reaction came at a
logical resistance level, and other
technical indications Of a round
ing off in the move have ap"
peared.
Bonds were off a little, and "the
rails" were backward on Monoay.
(speaking of the rails. this group
is hardly helped by the wage ad-
vances soon to go into effect, nor
the new pension scheme
OF course, the underlying bear1sh
factor of general business uncer-
tainty is unrelieved:
A little technical reaction 70
about 81 (DOw JOnes) is not
Improbable. This would not
indicate any fundamental weak
mess. A reaction even to
around 95 ito correct the jump
made ON June 81 would not
warrant any pessimism. For
example, no change for the
worse in the drab outlook for
steel is indicated as long as
that stock holds above 1874.
One logical possibility as to
market action during the next
week or so would be somewhat as
follows: First, say. q little Dip
possibly completed d yesterday
Then, say, little further ad-
vance, perhaps to such level as
1O4, Then, if no important news
breaks in the meanwhile the
average might easily fall back 10
q little under 100 again.
OF course, this is just pipe
dream, but it serves to indicate
something as to how I size up the
general position Of the market
always barring unforeseen action
by Washington.
The Washington times., 1934-06-21
Pennsylvania Load
Increase Declines

Pennsylvania loadings on its
own lines last week declined to
1.8 per cent above 1888 from 81
per cent the week before.
Total traffic, however, showed q
slight gain, rising to 94,277 cars
from 93,796 in the previous week
and 92,241 a year ago.
The Washington times., 1934-06-21
Production Record
Is Set By Plymouth

Plymouth Motor Corporation
turned out 1893 units in "a hours,
q new production record for the
corporation. Previous peak pro-
duction mark was 1885 units
established May %, this year.
Orders are running far ahead Of
production.
The Washington times., 1934-06-21

8 took market
session today.
The demand
for silvers,
which centered
on U nit e d
States Smelt-
ing, Cerro de
Pasco, H W e
s ound nd
A m e r an
Smelling, pro-
ducing gain 8
running to two
points, was due
to reports from
w q S h in e ton
The Washington times., 1934-06-21

After all, the
big ue tion
still is, What
will Mr.. RooSe-
velt do with all
the powers Con-
gress has given
to him?
The only sig
nificance Of the
adjour n m e n t
was the speedy
collapse OF q
feeble attempt
to mark stocks
I'D Tues d a y
morning.
vaSfaVs 4 a xySS
The Washington times., 1934-06-21
PAYS ACCOMMODATIONS

Neptune Meter Company has de-
clared D. dividend Of So a share on
the 8 per cent cumulative pre-
ferred stock on account Of accu-
mutations, payable June IS to,
stock Of record June II.
The Washington times., 1934-06-21
ADVERTISING FIRM PAYS

Cincinnati Advertising Products
Company has declared the regu-
lar quarterly dividend Of IS
cents, PAYABLE July / t8 StOck Of
The Washington times., 1934-06-21
Dollar Moves
W on Franc

NEW YORK, June FL
(I.N.S.). - The dollar was
stronger again today in terms Of
the French franc which declined
to within striking distance of the
gold point. The table:
The Washington times., 1934-06-21
NOW
SEEN HOLDING
MART STATE
By LEWIS HANEY
professor Of Economies, New york
Uniyersity)

The adjournment Of Congress"
was, as We anticipated, q flop in
Sofar as the market Is concerned.
The Washington times., 1934-06-21
SILVER SHARES
RISE ON DULL
MARKET
BY LESLIE GOULD

NEW YORK, June 81 U.N.SO.
Strength In the silver shares
characterized an otherwise listlesS
The Washington times., 1934-06-21

(a) Optional Cb) Partly CO.. Extra
stock ana cash td) Extra In stock te) Paid lSss.
.s on ." E1 No FeEuas rasH:
tn) Paid this year lwwS with Czwl without
warrants (") Ex-dIvidSnd. ~ Ex-rishta
Dividend rate IN dollars in parentheseE tOtsI Extra
dividends published through regular dividend period.
The Washington times., 1934-06-21
NEW YORK STOCK EXCHANGE 2 P. NJ PRICES
Volume Yesterday
$4,000 Shares

lit Name and Net
High Dividend Rate High Low S:0O Chgo
The Washington times., 1934-06-21

Montreal funds II New York, S7.S0
premium at $1,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
An Example of the Rural Press

DUT I afraid these mighty hunters of the red
ID herring DO not always tackle foemen of their
own size I have before me copy of a paper pub
hShed in Carmel Cal Before that sovereign state
experienced its recent nervous breakdown and be-
gan 10 suffer from persecution mania, Carmel was
a colony Of artists, poets and writer's. Overnight,
these friendly and creative folk grew long boards
and Vhiskers and became outside agitators" who
must be nagged and threatened out of the COM
munity
d. not speak with any degree Of exaggeration,
for I wish to offer in evidence some portion Of an
editorial from the Pacific Rural Press John E.
Pickett editor" find it reproduced admiringly in
The Carmel Pine Cone May quote as follows:
Carmel Is supposed be quite liberal and hard
TO shock but the unmuzzled Ella Winter. divorced
wife of Lincoln Steffens, and ardent radical, has
gotten some Of the fathers and mothers Of the town
into the frame of mind where they would like to
decorate Ella with some unemployed feathers, &C
companied by adhesive"
This is Mr.. Picketts sprightly way of saying that
Miss Winter. a well-knOWn American author, ought
to be tarred and feathered I did not read what
Pickett said during the general strike but II he fol-
lowed the editorial trend Of the communities round
about he called the action Of the unions threat
against law and order And if it wasn't Mr.. Pickett
himself there we're scores of commentators urging
that the spirit of AmericaniSm was in danger and
that the sanctity of hearth and home must be pro-
teCted
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
Today S Science
BY DAVID DIETZ

"VXTINGS OF A CENTURY" the magnificent
w pageant depicting the growth of transport
tation in America from the stage coach and the
prairie wagon TO the automobile and the airpane is
still the best show to be found in the Century of
Progress world fair. All by itself, 1t would be worth
the trip 10 Chicago.
mechanically minded man could spend
pleasant week wandering around the halls OF the
Ford building while an engine conscious youngSter
would have trouble putting in the rest OF the
summer there.
Chief change in the Hall of Science. central
structure of the fair is the new ARRANGEMENT of the
exhibit OF human embryoS. Originally tucked away
in an obscure corner. the exhibit was quickly dis
covered by the visitors and became one Of the
greatest attractions.
lam Of visitors none too patiently awaiting
to push forward 10 a vantage point always marked
its location. Now the exhibit has been arranged so
that all may have a good look without the crea-
ton of traffic SnarlS.
The whole Hall of Science is. of course free In
the midway section Of the fair is another exhibit of
embryoS. This. however is titled something about
the mystery of life and not very clearly labeled from
without to what the visitor will find within. It
costs 5 cents
The waves Of Lake Michigan and the clouds form
the natural background for the pageant, Wings of
Century" 1t Is given in an amphitheater on the
shore OF the lake near the Hall OF Transportation.
IT is appropriate that the ground plan Of the fair
Is such that most visitors the Hall OF Science
before they wander back 10 the Hall of TranSporta-
transportation. wondered how many visitors to the
fair realize Just how appropriate this is.
I could not help but wish that somehow it had
been made bit palmer that the triumphS of trans
portstion have been applications of the triumphs of
science. The application Of steam the appca-
ton Of scientific principle. Each development in
engines meant advance in the scientific labo-
ratOry.
The pageant makes use OF series Of real steam
locomotives. They out upon the stage under
their own power and range from the pioneer con-
trsptons Of railway pioneering to the fine. cleaning
steel monsters OF today
But the audience did not see another pageant
which occurred 10 any scientist engineer in the
audience. That was the pageant Of the scientific
laboratories the parade OF the research workers who
developed tougher steels. lighter alloys. ways make
steam DO more work. and many other important
things.
The thing is true of the automobiles and
sirplanes. AL Of them their beginnings to that
day many centuries ago when Calico. already blind,
pondered over the laws Of motion and paved the
way for Sir Isaac Newton.
BY night, the fair is a triumph of the science
Of electricity. The lighting effects seem even more
spectacular this year than they did last
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
Your Health
by DIR. MORRIS FIsHBEIN-

ONCE it was found that cases Of blood vessel in
INFLAMMATION occur more frequently among smok-
ers than among nonsmokers more attention is being
given TO the relationship of tobacco smoking to the
blood vessels.
Experiments have shown that smoking cigarets
will produce in the great majority Of normal peo-
pie under certain conditions a change in the
face temperature of the and legs Moreover. it
has been shown that, with many persons, slowing
or even complete stopping of the flow Of blood will
in the capillary blood vessels in the finger tips
during the smoking Of a cigaret.
Investigators have continued their studies in this
connection and have brought out some very inter-
esting facts They tested the effects Of cgarets on
a number Of confirmed smokers, using not only
standard brands, but also special types of cgarets
without nicotine, mentholated cigarets and some
made with aShleSs filter paper.
THEY also made special studies on certain people
Il known to be especially sensitive to tobacco.
The investigators particularly interested in
the reasons for excessive smoking Obviously, if the
effects unpleasant, is less likely to smoke.
They found that two elements are predominant in
the desire for the next smoke the first being the
wish for the soothing quoting effect and the second
a nervous disorder to do something with ones hands,
The most immoderate smokers who use from
forty 10 sixty cigarets day actually smoke less than
half Of each cigaret, indicating the nervous habit
involved.
TT is interesting to realize that the investigators
i found no appreciate difference in the average
effect between standard and de-nicotinized cgares.
Neither was there any difference between mentho-
lated cigarets and those not mentholated
With all the different brands there drop in
the surface temperature at the tips Of the fingers
and toes and in most Of the persons studied SLOW
ing and stopping of the blood flow Of the small blood
vessels at the tips of the fingers.
The work also seemed to show that nicotine IS
probably the most important OF the toxic factors
involved and that anything developed by the cgaret
papers is not concerned.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

the valley populace by presenting
them with a spectacle in the con-
crete.
THEY are impressed that IVA
u is ahead of schedule. 1t I'M
dertook to do the job in less time
and on less money than had
been planned by army engineers
and is doing it.
Officials can account for IVA
efficiency in that they are not
bound by red tape. 1t if comes,
they cut it.
The dam rises and the city
grows. The name of Senator
George w. Norris, pioneer ex-
ponent of federal power-plant
operation, has been given not
only to the dam on the Clinch
river but also to the town of
homes for directors and workers
two miles below, town whose
No. l citizen is A. E. Morgan.
From a small white clapboard
house tucked away in the trees,
DR.. Morgan has radiated energy,
idealism and a passion for red
tape cutting Even a carpenter
working on the construction of
Morgan's house was infected. De-
layed in hanging a door because
the hinges had not oeen deliv-
cred, the carpenter finally came
TO the Big Boss.
Its all done. Doctor" he said
proudly. 4 got the hinges. 1
went to town and bought 'em
myself at the Five-and-Te
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

it to enforce code provisions for
NRA and in this capacity it has
issued complaint against the
rubber companies and summoned
them before it.
But the federal trade commits
sion also has been directed by
President Roosevelt to sit as a
court of appeals on charges by
small business that code provi-
sionS are injurious and constitute
monopoly. The rubber companies
have appealed to it in this ca
pacity and the trade commission
has directed NRA to answer their
charges.
IT is nearing the two cases at
once. Thus NRA is before it
as complainant and also as de-
fendant and so are the rubber
companies. Each charges the
other with monopoly, an ofense
which the trade commission has
been keen in ferreting out in the
past. 1t is already on record as
disappearing price fixing provi-
sions of several other codes, though
not in a judicial capacity.
To make the situation more
complicated the department Of
justice chose the day on which
trade commission hearings began
to file suit against thirty-fve
manufacturer of women's dresses,
charging them with fixing prices
in violation of antitrust laws and
asking that they be enjoined from
acting jointly.
A New York federal court Will
pass on these cases.
The federal trade commissions
ruling will affect half of all NRA
codes. 1t also may have much to
do with the future Of the recov-
cry act.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

agitatOr" follows a familiar pattern. He Is big,
hulking fellow with bushy whiskers and beard and
generally ne carries bomb. labeled "Un-American
Ideas in his right hand. The artists who shape
nations thought like to portray him as held in
the firm grip OF Uncle Sam and being hurried along
a gangplank 10 a departing steamer.
suppose the miscreant is pictured invariably as
huge and fOrb.ddng furnish justification for such
organizations of vigiante tendency go out into
the roads and bywayS seeking to visit personal
vengeance on those whose ideas are requgnant to
them The defenders OF the hearth and home who
sally forth to from the revolutionares like
10 present themselves as battling manfuy with men
in buckram of gigantic stature. Admittedly, the
Minute Men are not altogether averse upon occasion
10 taCkng lone outpOsts and winning brilliant bat
ties in which a hundred of the faithful are ar
rayed against a single outlander
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
Menaced!-Bg a IO-Yem-OId

7 READ further in the same piece: Part of the
Il charge against Ella is that she makes Pinks out
OF children of the Another charge is that she
Is the somewhat unstriCt mother of the somewhat
rnrcstrained lO-vear-old Pete Steffens. When peo-
pie refer TO young Pete a town pest they want TO
give his mother some of the honor, We understand
Call out the militia and the police and urge the
honest citizens of Carmel, Cal, to take up arms
against the Red menace. Pete SteffenS is on the
rampage American institutions are about to totter
If it we're only silly the whole commoton on the
coast might be dismissed with a gibe. But the truth
is that the so-called law-abidng elements have be-
gun what may be described literally as terror. In
California Fascism is a fact and not theory.
The outside agitatOr probably isn't a large ourly
man with a black beard. He is a 1O-year-old child
or a woman or any unprotected person whom mean
spirited folk can prosecute under the wide excuse
that they are being patriotic.
Copyright 1884 The Tmesl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

ahoga County Relief Association,
active in starting the work here,
are these
First, it enables the unemployed
to regain or learn new skill at
worthwhile trades, instead of
trcadmilling around on unprodtc-
tive made" Jobs.
Second, it helps them get back
self-respect, because they will be
largely supporting themselves.
Third, it will enable the same
federal relief funds to provide a
far greater variety of food and
clothing for the unemployed.
EXTENT of these projects in
Il the future is ungueSsable.
But the Ohio Relief Production
Units, Inc, is already surveying
the possibilities of producing its
own paints and varnishes, medi-
cines, soap, candles, bakery prod
uctS, meats, printing, cutlery,
tools, stoves, rugs, carpets, limo
leum, ice and even radios.
Those are all for the future, but
they show the possibilities.
Spread of such projects, no two
of which are exactly alike in their
manner of operation, is one of the
phenomena of the year. At least
$50 communities in the United
States, Puerto Rico, and the Vir-
gin Islands are experimenting
with some such plans, all varying
in detail.
In Southern California about
$1,000 people in 113 communities
have joined in the Unemployed
Cooperative Distributing Asso-
citation, whose principal product is
fruit and vegetables. In Sno-
homish county, Washington, a
group of $50 families operates a
cannery, shoe factory, and shingle
and saw mills. Wheeling, w. Va,
is making pants and overalls.
In Colorado, ten communities
are exchanging their products
through the Colorado Co-opera-
tives, Inc.
ID edmond, Va, has it's Citi-
IN zens' Service Exchange, where
554 families work for a share in
their own products, and 2,770
people have thus taken them
selves off relief rolls except for
staple food articles, which the
exchange is not equipped to pro-
duce.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

And students of the relief prob
lem agree that the government
can not forever stand the drain
of direct cash relief at its present
rate.
Production relief throws the
gate wide open to nationwide or
ganization of what amounts to
cooperative economy inside the
profit economy, with workmen
moving from one to the other as
opportunity offers.
To the many relief dependents
who are sick of passively accept
ing aid, and who want to do
something to earn it, those re-
opening factory doors are a sign
of hope.
(The End
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
A Great Accommodated

HOWEVER, this unWrtten law, if any, puts
IL great strain on the self-control and the per-
sonal ethics of the individual bridge expert shark
Poker experts or sharks unable to resist the
temptation to take advantage of innocent victims
for financial gain and there long has been sort of
feeling that parties who played poker for a living
were professional gamblers and none too desirable
socially.
Your correspondent attended a championship
bridge tournament in a New York hotel a few years
ago. attracted there by large COVerage which was
being given the bitter combat in the papers 1t
seemed that such important battle should be
frequented by large and enthusiastic attendance and
your correspondent was taken somewhat abaCk to
discover that there more than fifteen head
present in the arena, which a private parlor
The silence in the terrific and after
enduring this for some time your correspondent
asked of the leading contenders for the cham
pionShip what the angle.
oh it is pour lie sport said the bridge expert
shark.
do not attempt to kid the press, but let us come
to the point at once" your correspondent said
What is the angle and how do you bridge gladiators
figure to get yours?"
The card shark changed the subject, but your
correspondent made further inquiries and discovered
that there were several angles. There the book
angle. 1t developed that the two groups of experts
exploiting two schools of bridge and that the
publicity boosting the sale of the books in which
they explained all to their constituents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15

They work six hours a day for
the exchange, and are paid in
scrip, exchangeable for any prod
ucts of the exchange. 1t is esti-
mated that this has raised the
standard of living of members by
the equivalent of SIG a week in
cash.
Thus it is seen that the man
ner of distributing the goods made
by otherwise unemployed workers
varies.
In general, there are two types
one in which the management
of the plant is directly carried
on by the work division of the
relief organization and the other
in which a pure cooperative is
established by the members them
selves. Of course, neither is pure
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-15
BY WILLIS THORNTON
MA Service Stan MrIter

CLEVELAND. Aug 5-The to establish production
~ organizations spreading rapidly Some
form Of local unemployment cooperative
popular 1t closest
TO a real organization.
relief form anotner
something. Here's what it's doing:
relief administration at Columbus has been created
headed Under MS leadership
Production Units Inc, has been established
federal FUNDS aloteo 10
idle factories IN all parts
community will make such goods as 1t mas plant
equipment produce
Delaware woodworking already turning out furniture
forty making WoenS ana choe
plant turning out white goooS