davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-04-29
SHARP CUT LIKELY
IN SPRING WHEAT.
Drought Expected to Reduce
Crop by Nearly 100
Million Bushels.
BY JOHN p. BOUGHAN.
ASSOCIATED Press Market Editor.)

CHICAGO, April 28.-Almost 100,-
100000 bushels curtailment of the
United States Spring wheat crop this
season is expected 30 result from
extraordinary prevailing moisture
shortage Northwest.
Authoritative trade reports issued
today point out that this years do
mestic Spring wheat area is practi-
cally the same as in 1915, when total
of 100000 acres produced 100000
0O0 bushels, but that it is doubtful
now whether the 1884 out-turn will
reach 100000 900 bushels. The main
trouble this season, the reports say. is
that there is virtually no reserve
moisture in the Dakotas or Western
Minnesota, and Furthermore that sur
face moisture is lacking over an un-
usually wide expanse.
Taken as whole, the character of
the weather and crop reports from the
Northwest are asserted to be the most
unfavorable received in years. OFF,
cial and private advices alike empha-
size in particular the dearth Of SUBJ
soil moisture in the Dakotas, where
seeding of Spring wheat has been
held up over many thousands of acres
and where much reseeding will be
necessitated because of severity of
dust storms. Information here is that
in some sections the soil has been
piled along fences and gives a re-
semblance of drifted snow.
Rivaling drought as a matter of
interest to the grain trade is the fact
that Wednesday next will be the first
opportunity for deliveries on May
contracts, but the amount of actual
wheat to be rendered in settlements
here Is expected to be small.
No large purchases of wheat to
come to Chicago from Kansas City
have been reported this week, as Chi
cago interests apparently desired to
get the grain at about May price,
instead of cent over as has recently
been paid.
Meanwhile, the Southwest has been
in need of moisture as well as the
Northwest, and official reports indi-
cate deterioration of the crop out
look in the Western half of Kansas.
with the plight critical for parts Of
fhof
Evening star., 1934-04-29
DRIVE To LOWER
PR|CESANDCOSTS
HELD GOOD SIGN
N.R.A. Research Chief Cites
Desire to Recapture
Large Volumes.
BY ]. r. BRACKETT,
Associated Press Business Writer.


Leon Henderson, chief of N. R. AS
research and planning division, finds
an unusual sign of business recovery
in the desire of many corporations
to increase their business volume by
reducing prices.
This does not mean cutting. Hen
derson said in an interview, but
rather the natural reduction of prices
as costs are lowered through increased
production.
The development probably will be
accelerated as present control meth
DDS in many codes are changed so
that prices may fluctuate more
freely, in accordance with often
expressed wishes of Hugh S. johnson,
recovery administrator.
Henderson said he believed many Of
the restrictive provisions in codes,
sometimes characterized as produc-
tive of regimentation, were put in
because business groups asked for
them, and that the same business
groups were now asking the elimina-
ton or major alteration of such
provisions
johnson said at recent press con-
ference that it seemed likely open
price associations would be permitted
under N. R. A., but that the waiting
period, under which prices announced
by members of industry do not be-
come effective for several days, would
be eliminated.
Johnson's idea of open prices has
been compared to the stock market,
where there is a published price for
every transaction at the time of sale.
When prices are so published there
is no opportunity to bring prices into
line among competitors. as. critics
claim, has been done under the wait
ing period.
Henderson believes f1exibility of
prices is essential to efficient opera
ton of the present economic system.
His position against control methods
which tend to make prices uniform
has been stated several times.
Evening star., 1934-04-29
DOLLAR DECLINES
AT WEEKS CLOSE
Closes at 5.143s in Terms of
Pound at London and Says
Further at New York.
BY the Associated Press.

By the Associated Press
International dollar rates were mar
row in yesterdays short trading ses-
sion.
In London the dollar closed at
5-143s contrasted with yesterdays
final figure of 5.1312 to the pound
sterling, and in later trading in New
York the British unit gained "a of a
cent at s51514.
In Paris the dollar closed at an
equivalent of 6.64 cents to the franc,
and in New York francs were un-
changed in later dealings at 6.65
cents.
Bar gold declined 2 pence to 135
shillings 9 pence ($34 90) a fine ounce
in the London open market at which
price approximately $2,313,540 was
purchased.
Evening star., 1934-04-29
SALES GAIN REPORTED
AT Department STORES
BY the Associated Press

BY the AsSoclated Press.
NEW YORK, April 23-A slight
pickup was reported in the sales of
department stores during the last part
of April. Trade analysts estimated
April business in New York would be
between and per cent ahead of the
same 1888 month. In other cities it
was thought gains would be larger,
running to 10 per cent or better.
While actual volume of goods sold
was understood to have been little bet
ter than a year ago, profit margins
have been materially higher.
Evening star., 1934-04-29
BuckhOltz Given
Vacant Place on
Virginian Board
BY the Associated Press.

By the Associated Press.
NORFOLK. Va, April &C. Buck
holtz, vice president and general man
ager Of the Virginian Railway Co.,
was elected to the board of directors
at the annual meeting Of the stock
holders of the road here today. He
will fill the vacancy on the board
caused by the death of C. E. Hix.
president of the company.
Other directors were reelected as
follows: William E. Benjamin, George
E. Church. William r. Coe. William
Rogers Coe. George w. Dawson,
Adrian E. Larkin, Percival j. McIn-
tosh and Henry M. Rogers, all of New
York; William M. Ritter of Washing
ton and Henry Lebaron Sampton of
Boston.
The annual meeting of the directors
will be held in New York on May 8.
Evening star., 1934-04-29
FURNITURE TRADE
CHEERED BY GAINS
Orders and Sales Increase
Sharply in Opening
Months of 1894.
BY F. A. RESCH,
Associated Press Staff Writer.

CHICAGO, April 28-Sharp in
creases in orders and sales during
early months of 1884 have lifted the
furniture industry far above the
depths it hit in the first quarter of
last year.
With business during January, Feb
ruary and March almost so per cent
better than the corresponding period
of 1888. furniture manufacturers look
to midseason markets opening next
week for indications of purchases to
be made this Summer.
Orders received by manufacturers
for the first Is weeks of this year, say
officials of the American Furniture
Mart, showed volume that was 143
per cent of the 1888 level. For the
week of April IA. latest on which
figures are available, orders piled up
to 172 per cent of last years figures
for the same week.
Retail Gains Huge.
Even with such increases, most
factories have been operating at only
so per cent of their estimated average
weekly capacity. The first quarter of
1888 generally was conceded to have
been the worst three months in the
industry's history.
Retail sales for the first quarter of
this year ran 173 per cent of the 1888
level, say officials of the mart, and
slightly higher than the volume for
the comparable period of 1892. In
such Southwest States as Arkansas,
Louisiana, Oklahoma and Texas,
furniture sales jumped even more de-
cisively, in some cases more than
doubling last years business.
Financial reports from the larger
retail organizations. mostly chains,
disclose that 1888 was a more favor
able year than 1882 despite its dis
astrous first quarter. In. 1882. all
seven Of the reporting organizations
operated at loss; last year, three
were out Of the red, and the others
reduced their losses.
Prices to Hold Steady.
Chicago furniture leaders forecast
no immediate change in the industry's
price structure. Prices continue ap-
proximately at their January levels.
up about 33 per cent from the record
low.
Any change in prices Is expected
by mart officials to become evident at
the Summer market in Chicago June
IS to July IA when stores stock up
for Fall and Winter.
Evening star., 1934-04-29
Prices to Hold Steady.
DAYLIGHT SAVING TIME
WILL START TOMORROW

All New York Stock Exchange Of
fees in Washington will open on day
light saving time tomorrow, when the
Summer schedule goes into effect In
Wall Street. The markets will get
away at 9 o'clock, Washington time,
instead Of 10. No change will be
made in banking hours and the Wash
ington Stock Exchange has not yet
voted to meet any earlier for daily
sessions.
Evening star., 1934-04-29
IMPORTANT DIVIDEND
MEETINGS TO BE HELD

By the Associated Press.
NEW YORK, April 28.-Next weeks
calendar of dividend meetings includes
Standard Oil Cos. of New Jersey and
California, Socony- Vacuum Corpora
tion. Columbian Carbon and Texas
Gulf Sulphur.
Evening star., 1934-04-29
CLEARING HOUSE ISSUES
REPORT AT NEW YORK

BY the Associated Press.
NEW YORK, April 28.-The weekly
statement of the New York Clearing
House shows: Total surplus and un-
divided profits, s700, ,2o0,70 (un-
changed; total net demand deposits
(average), s33, ,389, 900 Gncrease); time
deposits (average), $1,058,000 (de-
crease); clearings week ending today,
$685., ,347,441; clearings week ending
April 81, $4,l9S, ,223,011.
Evening star., 1934-04-29

director, and di-
rectors voted him
back as president
and chairman as
an insurrection
by m / NOR | t y
stockholders over
h Is salary of
$100, 900 a year
was quelled.
Stockholders of
the U. S. Gyp-
S u m c O., of
which he has
been president
since 1905. have
never complained
about Avery's sal
Evening star., 1934-04-29


~ VIVIAN ANDERSON, presi-
dent of the National Asso-
citation of Life Underwriters,
W will be guest speaker of the
District Underwriters Asso-
citation at the May meeting next
Thursday at noon in the Willard Ho-
sel. He will speak on Have You Made
Your WHIP"
In addition to the visit of the head
of the national organization, the pro-
gram calls for the election of thu ee
new directors of the Washington asso-
citation. Several leading insurance
men were placed in nomination for
these positions at the last meeting.
Mr.. Anderson comes from Cincin-
natl, where he is agent of the Provi-
dent Mutual Life Insurance Co. A
graduate of Miami University, oxford,
Ohio, he was director of athletics
there and now is member of the
Board of Trustees. He started his
business career with the National
Cash Register Co.
He has served the Cincinnati Un-
derwriters' Association in all the i'm
portant Offices and was national ex-
ecutive committeeman before being
elected president. He was president
of the Ohio Underwriters Association
in 1880, 1881 and 1882.
Evening star., 1934-04-29

ary, supposed to be of comparable
size
Avery, who has been called Chica.
go's busiest business man, was not a
big name" In national finance until
Evening star., 1934-04-29
BY the Associated Press.

BY IHe ASSOClated Press.
)HICAGO, April 28.-Sewell L.
4 Avery, for whom another day
is another $500 despite an in
~ come tax of half his gross
pay, was back at his job to-
day OF managing two huge corpora
tions in tandem.
Stockholders Of Montgomery Ward
& Co. yesterday voted him back as a
Evening star., 1934-04-29

Moreover, Mondays Credit Ma
tional Important bank) billion
franc per cent bonds were fully sub
scribed within 48 hours, and are now
being quoted at 2-franc premium.
At present the government is await
ing further expected improvement in
rentes in order to bring out an i'm
portant treasury bond issue at some
rate less than per cent. 1t is ru-
mored the first issue will run at least
to billion francs.
although the government Is pro-
ceeding with its price-reduction plans,
there is a growing feeling of nervous
ness here that any appreciable reduc-
ton is certain to react on the finan-
cial situation, since the banks and big
business hold substantial quantities
of bills for unpaid merchandise. This
is particularly true of chemical COM
panies which granted farmers long
term credits for fertilizers at legal
prices but, due to their inability to dis
pose Of bumper wheat harvest at
Continued on Third Page.)
Evening star., 1934-04-29
Faces New Financial Year
in Best Mood Since 1880.
Trade Progresses.
LOWER PRICES FEARED
BY FRENCH BUSINESS
Paris Rentes Boom Piles Up Prof
its Estimated at 200 Billion
Francs for Bondholders.
Special Dispatch to The Star.

opecldl DlSpalCA 10 Inc star.
NEW YORK, April 28.-Cables and
wireless dispatches to Business Week
give the following survey of business
abroad for the week ending today.
LONDON.-"Britain faces the new
financial year in the best mood since
1890 The general feeling is that
the rigid policy of balancing the ma
tional budget at whatever sacrifices
by the taxpayer and wage Garner has
justified itself and there is now no
visible disposition anywhere to re-
turn to the old system of free i'm
ports The national government
(though very insecure on its electoral
base) has managed to give the COM
munity the impression that it is
making progress in the reshaping Of
a new economic system without the
upsets and disturbances which have
afflicted other nations in the same
process. On the whole, the outlook
now is for year or two of solidity
and progress.
Key Points Stressed.
"Key points of the immediate politi-
cal program are these: Better de-
fenses against the now realized pos
sibility of European war, restoration
OF British agriculture (though at the
expense of the Dominions), contin-
uance Of the policy of bilateral trade
agreements chiefly with a view to
helping coal and the heavy indus
tries, furtherance of housing plans.
Housing is still in its preliminary
stages, and there Is a loss of time
due to the necessity of working
through and by the various local gov
ernments. No single policy is yet
apparent. Some areas are considering
temporary accommodation for slum
dwellers while the slum sites are
changed into modern tall tenement
buildings; others are endeavoring to
find sites outside congested areas to
which extensions of local transport
services could be arranged.
"Stewarts & Lloyds, tubemakers,
report the best earnings since 1929
Other representative firms reporting
good increases are Barry & Staines,
A~AAoANeAA AAAohCAos OOIulSOIl q
Phillips, electrical engineers. Such
results are tending to stimulate al
ready rising levels of industrials and
augment general optimism.
"The Polish State Railways have
just contracted to purchase 4,8O0, 600
pounds worth of freight car fittings,
Westinghouse Brake Co. and the
Saxby Signal Co. to share the order,
which is to be delivered over a period
OF six years. Credit for the deal is
supplied by group of British bankers,
backed by the governments export
guaranty department. The credit will
run for 10 years at 61a per cent"
Boom in French Rentes.
PARASITIC great boom in French
renteS since the formation of the
Doumergue cabinet is estimated to
have given 200 billion francs of paper
profits to bondholders against the gov
ernment's reduction of 4 billion francs
in budget expenses. Prices of prin-
ciple rentes on April IL, compared
with April "a, were:
Rentes Apr. IL Apr "a
2H ferpetualS .s..s... $3.50 76.45
~ 19Iee '....s.s... 12.35 S4.45
~ 1919 1919 '-....'s.... 15.l0 S365
Montana labor news., 1934-08-02
Good Job

The National Recovery Administration did a
good job when it Cracked down" on L. Greif
& Brother of Baltimore, second largest clothing
manufacturers in the United States, with an or
der instructing the Mems Clothing Code Author
ity to withhold labels from the concern, which
operates ten factories in three states.
This drastic action was taken shortly after
Federal Judge Coleman Of Baltimore had con-
tinued until September an injunction restrain
ing the NRA from Withdrawing the Blue Eagle
from the company. In his decision Judge Cole
man indicated friendly feeling for the most
notorious wage chiselers who have been uncov-
cred by NRA representatives.
1t is claimed by the National Compliance Board
by the Mems Clothing Code Authority and the
National Compliance Board that the Greif COM
pany in three months paid its employees over
$35,000 less than required by the code, and that
the total short-wage payments approach $780,
600.
1t is predicted that unless the firm capitulates
the action Of the NRA will drive it out of bus
mess, which is the reward its anti-1abor policy
deserves. This prediction is sustained by the
fact that it is a code violation, punishable with
$50O-a-day fines under the Recovery Act and
also punishable under the Federal Trade COM
mission Act, for a manufacturer to make or dis
tribute garments not containing an NRA label,
and a similar violation for a retailer to purchase
such clothing.
In addition, it is illegal for the company to
make its own labels or to purchase them from
anyone else but the code authority, so the COM
pany's source of supply is stopped, and it must
retire from business.
1t was a good days work for the MIRA.
Montana labor news., 1934-08-02
Bosses and "Reds"

The Communist menace owes most of its
weight and substance to the lawlessness of re-
dictionary employers right here at home, who,
in defiance of the clearest laws, refuse to let
their workers organize in regular trade unions
for their own protection.
These employers are the most effective recruit
ing agents for Communism; the only ones, in
deed, whose efforts pass the nuisance point and
become an actual danger.
1t is true that men who call themselves Com
munists are making all the trouble they can
wherever there are labor disputes. Most of
these undoubtedly are paid agents of reactionary
employers, hired to bring discredit on the labor
movement and discord to its councils. Some
are sincere but irresponsible zealots.
But the big, outstanding fact is that 80 per
cent of our labor disputes are made by our own
lawless employers, not by imported agitators.
The law, passed by Congress and signed by the
President, under the authority of the Constitu-
ton, declares that workers shall be allowed to
organize for collective bargaining, without in
reference, influence or coercion" from their en-
ployers.
But the Steel Trust, the Auto Trust, the hard
boiled ship owners and other employers who fol-
low the lead OF such pernicious organizations as
the National Association of Manufacturers, re-
fuse to deal with their workers as free men, self
organized into unions. The employers will not
obey the law - and the administration has not
enforced the law.
The shipping companies of the Pacific Coast
are drawing subsidies from the United States
government with one hand, and with the other,
tearing up the laws which that government has
passed to protect the right of workers to or
ganize. And the administration hasn't even
stopped the subsidy.
Unpublished lawlessness like that is the only
thing that makes Communist propaganda pos
sible in this country.
Montana labor news., 1934-08-02
Why the "New Deal" Slows Up

Thirty-seven big industrial firms report profits
for the first half of the present year averaging
III per cent above those of the same period last
year. Du Pont de Nemours, chief corporate or
gan of the family of munitions millionaires of
Delaware, has cleared $23,OOO,0OO this year as
compared to $1l 100000 last. Bethlehem Steel,
in three months. has taken in net profits of
100000, as compared to a net loss Of about the
same amount a year ago.
But no trade union has reported an increase
of 77.7 per cent in the wages of its members.
On every side, one is told that the New Deal
is slowing up" Here is the explanation Profits
once more, as in the 'happy days" of 1928 and
1929, are eating up buying power; are hogging
the wealth which carries recovery forward only
when it apepars in the pay envelope. Unless
this process can be stopped, the New Deal is in
for serious trouble.
Labor
Montana labor news., 1934-08-02

to c~onfine the immediate issue in the
Donovan case to the dismissal of a
union member of his union activity.
Silverman linked his case with that
of Donovan and said that both had
incurred the displeasure of NRA au-
thorities because they fought for en-
phasis to be placed on widespread nom
compliance with code labor regula-
tions, particularly in branches of in
dustry where the workers had no
strong unions. He accused the group
dominant in the Labor Advisory Board
of sacrificing the wider interests of
labor for their own" narrow inter-
ests."
Meanwhile pickets have marched up
and down in front of NRA headquar-
tiers denouncing Johnson's fight
against the union, and his efforts to
company ~unionize" NRA employees by
intriguing to dislodge their local lead
ers and impose leaders whom he can
control. The union fight for Dono-
vans reinstatement and for the right
to organize freely without such in
timidation is just getting under way.
And now another angle to the whole
affair has been added by charges that
the persecution of Donovan and Sill
verman has been partly due to their
fighting discrimination against Ne
groes in the NRA.
Twenty-Five national Negro organ
izations, affiliated to the Joint
Committee National Recovery and in
GLIDING the National Association for
the Advancement of Colored People,
have joined in protesting against the
dismissal of these two NRA employees.
Donovan and Silverman were the only
two of the staff of the NRA Advisory
Board who "steadfastly opposed Negro
differentials is the codes" according to
the protest. 1t also charged hat Peck
had failed to appoint a Negro como
mist to his staff despite promises to
do so.
Negro workers are not only dis
eliminated against in the codes but are
powerless to secure the enforcement
Of those meager provisions which
might benefit them," said protesting
Negro bodies. Donovan and Silver
man, in their efforts on behalf Of the
Negroes had to fight a Small but
powerful group now dominating the
Labor Board" they said.
Montana labor news., 1934-08-02

Nothing great was ever achieved
without enthusiasm.
Montana labor news., 1934-08-02

Your best capital is yourself.