davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
PRINCIPAL Produce Markets

arrived: broken and unbroken car on
track. Supplies light; demand light;
market steady. Florida. Tom WatsonS,
"a pounds average, SO@S5c each ac-
cording to condition.
Mixed vegetables-No earlot arrivals;
no cars on track.
Green Beans-No carlot arrivals: no
cars on track. Supplies liberal: demand
light; market steady. Bushel hampers,
green. flat type: North Carolina, Csc;
fair condition, 10c.
Lima Beans--Supplies libeval: demand
light; market steady: Florida and
Georgia, bushel hampers. $3.50 @l.76;
Corn-one Alabama arrived: 3 broken
cars on track. Supplies moderate; truck
receipts. Florida. tandard crates SIG
1.25.
ucumbers-suprlies liberal: demand
light; market steady. North Carolina.
bushel baskets, 81; fair condition. soc.
Blueberries -New jersey. quarts. cello
plane wrapped, 5O@60c per quart.
Supplies moderate; demand light
Squash Supplies liberal; demand
light. market steady. North Carolina,
bushel hampers, white, 25@75c.
Oranges-Two California arrived: 3
broken and unbroken cars on track.
California, boxes. $4%5.50, according
to grade and size.
Lemons-one broken car on track.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
Fabricated Steel
SHIPMENTS Rise

Shipments of fabricated struc.
tural steel in May were approx
mately % per cent greater than
in the same month of last year,
and were in excess Of the monthly
average for the past seven
months, the American Institute Of
Steel Construction, incorporated,
announced.
Bookings were under the figures
Of the previous seven months, but
the total in May was 80 per cent
above May, 1888. The estimates
are based on preliminary reports
received from IS per cent Of the
industry.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
LIVERPOOL CLOSE

LIVERPOOL, June % Q.N.S.).
There was a moderate business done in
opening spots on the Liverpool cotton
market today. Prices were steady.
Receipts totaled $4,000 bales including
1900 American.
At noon, middling fair was 7.7sd ;
strictly good middling. 73ld; good mid
ding, 6.66d; low middling. 6.S1d !;
strictly good ordinary, slid. and good
ordinary. 6.S1d.
Futures opened steady and at the
closing bids were unchanged to 1 point
higher than opening quotations, and
/ to 1 points above due Fredericksburg
bid on July was 6.44d; October, SID !;
January. 6.36d, and March. sad.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
N. Y. Central Lines
LOUdin0s Din in Week

New York Central loadings last
week declined slightly. LoadingS
on its own lines decreased to as
per cent above 1888 from Al per
cent in the previous week. Total
loadings were also lower falling to
1886 cars from 97,855 the week
before and 97,055 year ago.
st. LouiS-San Francisco, total
last week, 1868: previous week,
12,203; last year, 1880. Burling-
ton, total last week, 1884; prevt-
Gus week, 1898; last year, 10, 704.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
METAL MARKETS

NEW YORK. June % GN.s):-cop-
per buying abroad was in small vol.
ume today with the price equivalent
to 100 cents a pound elf. Hamburg.
Havre and London. as compared with
795 to sos cents yesterday.
In the domestic market buying was
also small with Blue cage holding at
8 cents q pound delivered to the end
of September. Further buying agree
ments have been signed by consum-
ers and the consumption outlook is
beginning to improve. The code au-
thurity announced that the ban against
Blue Eagle sales has been extended
until September 80 from August 1.
with the price unchanged at 400 cents
a pound New York and 1856 cents st.
Louis.
Zinc buying was in small volume
with the price holding at 3S5 cents a
pound East st. Louis.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
Business Neus
Spotlight

Consumers Of IS per cent Of
the copper used in the United
States have entered into tenn
pOrary buying contracts with
the Copper Code Authority. .
An increase of so per cent in
number, and 81 per cent in
estimated cost Of building Oper-
atoms in May, compared with
April, was reported by the
Bureau of Labor Statistics.
Retail food prices remained un.
changed for the two weeks
ended June Is, the Bureau Of
Labor Statistics reports.
Stocks of domestic and foreign
crude petroleum increased 2S7,-
900 barrels during the week
ended June Is, according TO
OH Administrator Ickcs.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
CLOTH SALES. SMALL

NEW YORK. June % U.N.S.).-The
volume of business in the coarse yarn
cloths market last week was not large
but something was done toward clean"
ing up quick offerings of some styles.
1t is believed possible that quick
goods may be moved up to a parity with
later shipments in the next buying
wave. Such development would un-
doubtedly aid the market,
Despite the lack of sales, prices held
steady last week and premiums were
maintained on later deliveries Of q
number Of constructions.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
Stock and Dividend Bid
MONEY MARKETS

NEW YORK, June % QN.S).-call
money was held over today at 1 per
cent on the big board and y per cent
cent outside.
Time money rates were unchanged
at Y to per cent for so to $50 days.
Commercial paper was moderately &C
/ per cent
Bankers acceptances rates were nom
inal and unchanged at y to S-1S per
per cent for 100 days and Il to = per
cent for $50 and $50 days.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
LIVESTOCK MARKETS
CHICAGO
CHICAGO

CHICAGO, June % G.N.S).-Hogs-
5000; steady. top. s5.15; bulk, s4;6O@
$40; heavy, $4.75 10; medium, 81.
Q5.15; light, $45O@5; light lights, 5!
O.. Holdovers, 1000.
Cattle-2,00o; steady: calves, 1000;
steady; beef steers, good and choice
$s.5o@1o.26; common and medium, $50
$50; yearlings, 500: butcher cattle,
bulls. $S@4; calves. $s@55O; feeder
steers. $4@5.76: stocker steers, $500
s.: stocker cows and heifers. $2.75@
shesp-S,O 900; steady; lambs, $3.50
7,25; feeders. $3.5O@S.5O; ewes. $3.50
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
BANK STOCKS

tations on the foIiowinr securities are
obtained from the Security Dealers
Association of New York. There are
no official quotations. This Is q bid
and ask market and the actual sale Or
securities is often subject to negotla-
tions.
12 m. bid and ask prices with Fridays
closing bid price for the leading bank
stocks follow:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23

California, boxes, $3.50 06,75. according
to grade and size.
CHICAGO
CHICAGO, June 20 .N.S.).-Butter-
Receipts, 1924 tubs; market steady;
old cars, IS; new, IS. Creamery extras.
24c; standards, 24As; extra firsts, 23@
2Shc; firsts. ,22@22Ac; seconds. 2l@
21hc; specials, 24M @26c.
Eggs-Receipts. 1879 cases; market
steady; old cars: u; new. $. current
receipts. 12% @1s%c; fresh extra tirsts,
less than cars, 15c; cars, 16hc; fresh
firsts. less than cars, 14Ac; cars, ISM C;
dirties 11@12c; checks II a live.
Cheese-Twins, 1SA @1SMc; daisies,
prints. and longhorns, 1S% @14c.
PITTSBURGH
PITTSBURGH, June % (I.N.S.) .-Poul.
try-Market steady. Leghorn broilers
17Q19c; colored hens, lac: leghorn hens
12c: bardrock broilers, 24@25c; white
rock broilers .22024c: mixed colored
broiders, 2O@23c; turkey hens, 14c;
ROSTERS 5000; stag. 11@12c: ducks,
1Od12c; geese. Sc: young. toms, lie.
Butter-Market steady. 90 score, 24A C.;
SO score. 24hc; IS score, 23c; standard.
251sc.
Eggs-Market firm. Nearby current
receipts, 14hc; fresh extra firsts. Ice;
hennery white extras, 1910. Southern
Ohio, West Virginia, Kentucky, current
receipts lac.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
FIRMS IMPROVE
CASH POSITION,
GUT DEBTS

An analysis Of the financial posi-,
hons Of 321 large industrial corpo-
rations in this country. prepared for
the 1884 edition of Moody's Indus
trial Manual now being published,
reveals that throughout the depres-
sion these corporations have con
Bistently improved their cash posi-
tons in relation to total current
assets.
The number of corporations in
volved in the study includes every
industrial corporation for which
comparable data are available
back to 1925. the first year of the
study.
Shown BY Figures
From 1929 through 1888, cash
and marketable securities Of the
32l corporations Exclusive Of cash
in closed banks, which was elm.
mated from the study decreased
from 1925 million to 2,644 million,
or 1875 per cent. At the same time,
notes and accounts receivable fell
from 1885 million to 1,417 million,
or S7.2 per cent, while inventories
declined from 4,704 million to s.
388 million, or 29.2 per cent. The
net result was that, in relation to
total current assets, cash rose
from 29.73 per cent to 1886 per
cent and receivables fell from 22.16
per cent to 1895 per cent.
The percentage Of inventories to
total current assets, however, eX-
hibited only mild decline, falling
from Al per cent to 45.31 per cent.
Total current liabilities declined
from 2,088 million in 1929 to 1901
million last year, drop Of 37.7
per cent. The current ratio"
that is, the ratio Of current assets
to current liabilities, rose from
4.87 in 1929 to SIS in 1888.
Debt Drops
Moody's adds:
''The total bonded debt Of the
corporations involved in the
study reached q peak in 1928 at
2,774 million. From then It has
declined consistently to 2,156
million in 1888, . drop Of 1913
per cent. The decline since
1929 has been 14.9 per cent.
"In 1888 a reversal Of trends
In effect since 1929 was evident
in most items, in reflection Of
the increase in business activ.
ity, which occurred last year.
Thus, as compared with 1882,
inventories of the 321 companies
rose from 1901 million to 1888
million, or SO per cent, and re-
ceivabIeS from 1882 million to
1,417 million, or Ga per cent.
Cash declined slightly from e.
731 million to 2,644 million, or
3.2 per cent, reflecting largely
accumulation of inventories, and
the current ratio dropped from
GAL to SIS.
POSITION FIRM
"The exceptionally strong
cash position which our large
corporations have been able to
maintain in spite Of the depres-
sion and in spite Of the numer-
GUS bank Blessings last year, re-
veals the extent to which in
dustry has become Independent
of the banking system"
This trend has been in evidence
for some years past. It furnishes
a partial explanation Of why bank
loans have failed to increase in
the past year despite the sharp
rise in industrial activity. It also
indicates that the act providing
for direct loans to industry, re-
Gently signed by the President.
will affect primarily the smaller
companies, as the large corpora
lions are apparently quite ade-
uuately provided with working
capital, Moody concludes.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
EATON PAYMENT

Eaton Manufacturing Company
declared the regular quarterly
dividend Of Is cents, payable All
gust is tofstock Of record Au-
gust i -.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
WHEAT STEADY
AFTERSPURT

CHICAGO, June % GN.s),
Wheat prices extended their re-
covery on the board of trade with
gains of nearly &c recorded in
active early dealings.
A bulliSh private review on the
European crop situation, together
with the steady decline of the last
several weeks, attracted heavy
buying, and the September wheat
contract shot up 17sc to 91Ac,
representing a net recovery Of SC
from yesterdays low. Although
the upturn was checked by hedging
pressure, a firm tone prevailed
near the close of the day.
Near mid-session wheat was 17sc
to 1Ac up, corn %c to 1hc, oats
1hc to 1Ac up, and rye 15sc to
&c up.
winnipeg wheat was &c higher
near mid-session. Liverpool closed
Nd higher.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
AIR LINE ORDERS

The Seaboard Air Line has
placed an order with the Pullman
Car and Manufacturing Company
for 1000 box cars. -
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23

Guiding Russia. will produce 100000, 900
less bushels of wheat this year than last,
or a decrease of 17.6 per cent. Oats
will show a reduction of 10000 000
bushels rye a reduction of 22s, 500, 600
bushels, and barley $4,000, 900 bushels.
The estimates indicated that the drought
was worldwide.
Estimated CARROTS here were: Wheat,
SO; Corn, 81, and oats, 10.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23

High Low Close
Gen Rayon A ........I IN .1AI IA
Glen Alden Coal .... IT II II
ct APP Tea nV...... I141 1878 I141
Greyhound Corp ...... 17% l7M 17%
Gulf OIL ............. s2h 61h 62h
Hecla Mining ........ 81 Ga
Hiram Walker ....... 37S 36fs 373s
Hiram Walker pr .,,. 15h 1914 15h
Hollinger Mines ...... 17& 17& TN
Horn & Hard pf...... 100 100 100
Hudson Bay M&S.... IL u II
Humble Oil ......... AN AIM AN
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
PITTSBURGH

PITTSBURGH, June % H.N.s(;
Hogs-4OO; FOLLOWERS 900. Market dull
to nominal Heavies, :6.26@S'So me
dun dun s5t5@SSS light sS.69SSo
ss.25@3.75; pigs, Ss,s50i.
Cattle-5O. Market nominal. Steers
LOO pounds. good, $6@7.75; heif-
ers, 55O-S50 pounds, good, $696.50;
cows. good. $3.25Q4; bulls. good beef,
&s@3.75.
Calves--bo. Market steady. Vealers
good and choice, $5@5.50.
Sheep-S50. Shorn basis, except spring
ers. market steady: spring lambs. godo
and choice, $9@9.50; yearling wethers.
Wsth.r'. medium, good: ssSs; ewes,
good and choice. S2.26@25O.
BUFFALO
EAST BUFFALO, June % G-N.s.)'
Hogs-Receipts 400. Holdovers none,
Scattered sales better lots. 17o-21O
pounds. weak to shade lower $40
Cattle-Recsipts 100. Common grass
steers and heifers. steady. SA.2S@4.so;
dry-fed steers and yearlings, steady to
CSC lower during week. quality improved
bulk, good steers, sGO:1, 200 pounds. 500
$500; short feds. Ss.OO@s.75: yearling
heifers, $3.50; common grassers, $4,25 a
5.SS; cows and bulls, strong to higher
rat cows, 1875 Oslo; cutter grades,
$1.S502.sO; medium bulls, 1925 a $50
Calves-Receipts SO. Vealers closed
soc 800 under last week; good ia
choice, $3.50 q 500; early sales to sc. 50
freely; common and medium, $500 q SOC
Sheep-Receipts 400. Spring lambs
steady at weeks 25c advance: good and
choice ewes and wethers, $3.50 $1,000
medium kinds and fat bucks, $500
lings. SS.Oo0s.5o: heavyweight ewes
$500 q $50; mixed sheep, l.60Q2.Tka
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
High Low IClose

California, boxes, S5.5O0675. accordiI
to grade and size.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-23
e; 3D." N. Y. Bond Quotations
Volume Yesterday
$4,000

Domestic High Low Close
Evening star., 1934-05-26
GARDEN PILGRIMAGE
TO END AT 7 TODAY
Annual Exhibit Permits All to
Inspect Grounds of Fa-
nous Homes.

This is the final day of the annual
Georgetown garden pilgrimage, and
dozen different show places Of the
city will be opened from 2 to pm.
for public examination.
The terraced garden Of Mrs. F.
Lamont Belin. 1923 Twenty-eighth
street. will be open today, as will the
famous home Of Mrs. Ruth Hanna
Mccormick Simms and the Italian
garden Of Alexander Kirk, which has
an almost unsurpassed classical sweep
of lockwood and giant copper beech
trees.
Tickets are available at the May
flower Hotel, the American Automo-
bile Association and at the garden
gates in Georgetown displaying the
green and white flag as guide for
those making the pilgrimage.
Proceeds of the pilgrimages will be
used for the benefit Of the George
town Children's Home.
Evening star., 1934-05-26
CLAWS COMMANDS
ILLEGAL OIL DRIVE
Ickes' Ace Trouble Shooter
Calls ParIey of Crack
Texas Agents.
By the Associated Press.

-
Secretary Ickes' ace trouble shooter
Louis r. CLAWS. sped into Texas today
by Army airplane to command a new
Federal drive against illegal oil pro-
duction.
At Dallas, CLAWS called a force Of
crack agents to confer with him this
morning on how best to erect a dam
in the path of a torrent of 'hot oil''
pouring from the huge East Texas
field.
The task was merely one In hun
dreds for this mild hammered lawyer
by profession, now chief of a band of
372 Investigators continuously on the
trail of any Irregularities under the
Oil, Public Works and Interior De-
partment Administrations.
1t was through a determination to
protect the public interest that CLAWS
was forced summarily from another
job as investigator for the Interior
Department back in 1909.
As chief of the field division his
inquiries turned up evidence that Ger
tain large corporations were attempt
ing to acquire valuable Alaskan coal
lands through dummy" entrymen, in
violation of law.
When Secretary Ballinger, who had
been attorney for some of the coal
land applicants, declined to act, CLAWS
carried the case as far as President
Taft. The President directed that
CLAWS be dismissed for insubordina-
ton. Later CLAWS was sustained, but
not until he had lost his job.
Evening star., 1934-05-26
.QU|CK SILVER BILL
ACTION PLANNED
Impatient House Leaders
Plan to Beat Senate
to the Draw.
By the Associated Press,

By the Associated Press,
Impatient House leaders traced plans
today for beating the Senate to the
draw by quickly enacting the new
silver monetary bill next week.
Confident that little difficulty will
be encountered in gaining House ap-
proval, Chairman Doughton Of the
Ways and Means Committee said to-
day he planned to send it to the
Senate as quickly as possible.
Originally, it had been planned by
Democratic chieftains to let the Senate
substitute the new measure to make
silver a fourth Of the monetary stock
OF the United States for the House,
approved Dies bill. Then the House
would tack on the proposed tax fea-
lures against silver spectators.
Determined to speed consideration,
Doughton asserted he would seek to
shoot it through" This would leave
up to the Senate the simple matter of
acceptance.
Having heard Secretary Morgen-
thau urge the retention of the levy Of
so per cent on the profits of specula-
tors who bought or sold silver since
May IA. the Ways and Means Com
mittee today met to hear testimony
from Representative Dies, Democrat,
Of Texas, who introduced the meas
ure, and Prof. E. w. Kemmerer of
Princeton University, expert on none
tary problems.
Estimating the SO per cent levy on
silver spectators would yield s25,-
100000 in revenue, Secretary Morgen-
thau said that in view of the Govern
ment's action in taking all the profit
on devaluation of the gold dollar that
he considered the impost on silver
profits to be modest"
Evening star., 1934-05-26
LONG WILL DROP
TARIFF F|L|BUSTER
Chances of Adjournment in
Two Weeks "Good,"
Senators Say.

By the Associated Press.
Senate leaders saw a good pos.i-
bility" today that Congress will ad-
journ In two weeks.
They based this forecast on the
agreement by Senator Long. Demo-
crat, louisiana, to end what they had
termed a one-man filibuster against
the tariff bill. Senator Harrison,
Democrat, Mississippi, obtained an
agreement from Long and the Re-
publican opposition late yesterday TO
limit debate on the administration
reciprocal tariff measure beginning
Wednesday, bringing a final vote
Thursday, exactly two weeks from the
time the bill was taken up. 1t already
has been approved by the House.
May Cast Aside Bills.
Adjournment by June "a date
tentatively agreed on-would mean
that many important bills President
Roosevelt favorS would have to be
cast aside. Only the silver purchase
and the big deficiency bill are definitely
slated for action before adjournment.
That leaves the following prop sails
up for eleventh-hour consideration:
The Wagner labor dispute bill; the
administration housing program; the
Copeland food and drug proposal; un-
employment insurance, cash bonus:
oil control and scores of others.
Brief Session Today.
The Senate was called upon for a
brief session today to permit Senator
Hastings. Republican, of Delaware, to
finish long tariff speech.
Although debate on the tariff will
be limited, Long obtained a concession
that each Senator may speak one hour
on amendments proposed by Senators
johnson, Republican, of California,
and Overton, Democrat, OF Louisiana.
These would exempt farm commodities
from tariff reduction agreements with
foreign nations
Republicans expect to make their
strongest bid for support on the
johnson amendment. Administration
leaders say none of the two dozen
opposition amendments has a chance.
Evening star., 1934-05-26
Industrial Factory
Figures Basis Changed.

One reason the employment and
wages figures show so well Is that Miss
Perkins has worked out new basis
for her figures.
The effect has been to increase
them about per cent beyond those
formerly carried in this chart.
Impartial economists concede
that the employment and pay roll
figures OF the last tUo or three
months may be more accurate
scientifically, but they afford poor
comparison pith previous months,
Which Uere figured on q different
basis.
Whatever was done, It does not
alter the fact that there are about
100000 persons out Of work today
and about 100000 have been re-
stored to work in the past year.
These are the best possible impair
tial estimates.
The figure on factory employ
ment in the chart is trust
worthy private estimate. The Gov
ernment has not officially computed a
seasonally adjusted figure on employ
ment for the first time since it started
such computations many years ago.
The reason is not evident. Investiga-
ton discloses that some Of the eco
nomists are dissatisfied with seasonal
adjustments because their accuracy is
vaguely imperfect. They are chang
ing the official governmental table &C
cordingly.
Evening star., 1934-05-26
LOUDOUN HUNT SHOW
OPENS AT LEESBURG
Mrs. John Hay Whitney and
Ernest L. Redmon Among Those
Entering Horses.

With more than a score Of promi-
nent Northern Virginia stables rep
resented in the entry lists, the LOU
doun Hunt Horse Show got under
E. A. Miller near Leesburg.
Headed by the hunters Of Mrs.
John Hay Whitney of Llangollen
Farm and Ernest L. Redmon of
Middleburg, the competitors were ex-
pected to supply some exciting con-
tests for honors in the II classes
scheduled on the program.
Commissioner Melvin c. Hazen and
John Waller of The Plains. Va, were
announced as the judges. Judge j.
R. H. Alexander. the fox hunting
jurist of Loudoun County, is chair
man of the exhibition.
Evening star., 1934-05-26
HOSPITAL HEAD HELD
AFTER PATIENTS DIE
Victims Believed to Have Taken
Powerful Drug Instead of
Prescribed Salts.
BY the Associated Press.

By the Associated Press.
BOSTON, May 26-Guy c. Croft,
Mattapan State Hospital supervisor,
was arrested today on manslaughter
charges growing out Of the mysterious
deaths of two patients, believed vic
tins of mistaken dosage Of a power
full drug instead Of prescribed salts.
Walter Lipkind, 80, and Thomas F.
Connolly, jr., 35, Boston, succumbed
despite the efforts Of hospital physi-
clans called Immediately after the
mistaken medicine was administered.
Meanwhile, a second investigation
was under way to determine how Ar
thur Kennedy. 19-year-old hospital
attendant, was injured. The youth
was found unconscious outside Of one
Of the hospital buildings. Kennedy,
who is on the danger list, is believed
to have fallen from second-story
window. He Is suffering conclusion
Of the brain.