davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-03-05

decreases since the last two calls.
National bank note circulation ct
the year end was $77S,566, 900, a.
compared with $746,913, 900 in Oc-
tober and $3.50, ,435 900 In June.
Deposits Increase.
Deposit liabilities increased 1884,
674, 900 over october and $730, ,435, 900
over June to . total Of $17,589, ,882,. :.
600. OF the year-end total, $2.290,- =
257,000 was due to banks, 1854. 1885,
900 was In Government deposits and
50, 35l. .967. 900 In other demand de-
posits.
Since enactment Of the 1888 bank
ing act last June 16, demand deposits
have not drawn interest except where
State law has required interest pay
ments on State funds.
Oficials said banks, therefore, were
earning less on State funds, despite
increased amounts.
Lime deposits were $685., ,922. 900
on December 30. This sum included
$50. ATS, 900 in postal savings, $685.
100000 in time certificates of de-
posits and $4,544 1884, 900 in savings
accounts represented by 1868, 100
pass books
The percentage of loans and dis
counts to total deposits reported as
Of December 80 was 46.06. as COM
pared with 48.42 at the October call
and 1880 In June.
Evening star., 1934-03-05
Bethlehem Bares
$23,OO0,OO Jump
In 1888 Billings
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 5.-An increase
in billings of more than $4,000, 900
for the year 1888, as compared with
the year 1882. Is reported by Bethle-
hem Steel Corporation in its annual
report published today. The figure
for the net billed value Of products
shipped and Of other classes Of busi-
ness by subsidiary companies Of the
corporation was $120.163,374 during
the year, as compared with SOC, ,892, ,488
for the preceding year.
The value of business booked dur
ing the year was nearly doubled. being
s1>7,279,186 in 1888, compared with
orders at the end of the year were
more than double the preceding pc
riod, or $67,684.749. compared with
$50 ,568, ,937.
The total income Of the corporation
and its subsidiaries for the year before
charges for interest and depreciation
was $l1, ,472,584 as compared with
$594,l38 for the preceding year.
After deducting interest and other
charges of s6,7O2,051 and depletion
and depreciation charges of S13,506,-
256 there was deficit of $8,735, ,723
for 1888, as compared with a deficit
of $l9,4O4,431 for the preceding year
Cash in hand and on deposit and
marketable securities held by the
corporation at the end of 1893, valued
at market. was $46. BAL, compared
with $46,975,589 at the end of the
previous year.
Operations of the steel plants Of the
corporation averaged % per cent of
capacity, compared with 1863 per cent
for the preceding year.
Evening star., 1934-03-05

ais on January 81. 1884. the latsss
compilation. Companies financing
sales Of automobiles, refrigerators and
pianos, to wholesalers and to Gus
toners, do not publish monthly hg-
ures, but a survey of leading COM
panies in their respective fields shows
these credits are broadening.
Markets Need More.
Securities markets need more money
to finance them than . year ago.
With New York Stock Exchange val.
ues alone up more than $4,000, =
000, 900 in the last year, 1t is not sur
prising that Federal Reserve System
brokers loans have advanced from
$418, 100000 on March /, 1888, to
$858, ZOO, 900 on February %, 1884, and
that stock exchange member borrow
ings are up from $359,957,056 to
$938, 8,o10,227.
Personal loans outstanding are a
good indication OF the business cycle,
as these loans are not made unless
there are good prospects Of obtaining
repayments. The Beneficial Industrial
Loan Corporation, largest national
personal loan company in the country.
at the end of last year had outstand-
ing, before reserves. loans OF $45,-
175.000. This was the highest in its
history, contrasting with $39,636,77
at the end of 1882.
(Copyright, 1934)
Evening star., 1934-03-05
CONTINUED EXPANSION
IN BUSINESS FORECAST
BY the Associated Press.

BY the Associated Press.
NEW YORK. March 5.-The Stand
ard Statistics Co. in its weekly sum-
mary of the general business situa-
tiOn says:
"On the whole, business has entered
March with an increased volume of
orders which are better protected than
was the case in former periods, by the
provisions against cancellations, as
contained in the codes. Although
present uncertainties may tend to
hold the rate of expansion within
narrower limits, there is no reason
for expecting that the current stage
of the recovery has yet reached its
peak"
Evening star., 1934-03-05
1888 LOSS REPORTED
BY STONE & WEBSTER
BY tn Associated Press

BY tn Associated Press.
NEW YORK, March 5.-Stone &
Webster. Inc. reports net loss for
1888 of s85 ,9o7, compared with net
income of s1.O15,367 in the previous
year. Gross earnings declined to
SSO0257 from $2,O58,O58, principally
as a result Of decreased dividends
from utility subsidiaries.
The consolidated earnings state
ment shows a balance of $5,311, ,613
available for preferred dividend re-
Guirements of $6,867,711. In the pre-
vious year balance Of S1,524.085 was
shown after preferred dividends and
allowances for minority interests in
subsidiaries.
Commenting on the utility industry
IN the annual report, the management
stated that gross earnings of most
utilities have been declining since
1880. and although the decline in re-
cent months has been slightly checked,
Increased taxation, higher prices for
fuel and other materials, and expenses
of complying with N. r. A. require
ments. have resulted in lower net
earnings"
Evening star., 1934-03-05
ELECTRIC AUTO-LITE
EARNINGS AT $684,372

BY the Associated Press.
TOLEDO. Ohio, March 5.-Net
profits Of the Electric Auto-Lite Co.
in 1898 were s6s4, ,372, after deprecia-
tion and interest charges, c. O. Mini
ger. president. says in his annual re-
port to stockholders This Is equal
to 44.2 cents share on the common
stock.
Miniger added, however, that con-
tract releases of the company for the
first quarter Of 1884 are IS per cent
ahead Of those for the same period
last year.
The company had gross manufac-
turing income Of $976.738 and a nom
operating income of S237.997. prin-
cipally from discounts. royalties and
interest.
Evening star., 1934-03-05
NATIONAL INCOME
JUMPS IN YEAR
Gains Billion and a Half, or
81 Per Cent, With
Banks Improved.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March SIN the first
year of the Roosevelt administration
the national income has risen ST.
500 900 900, or 81 per cent, accord
ing to preliminary estimates by the
National Industrial Conference Board.
This is equivalent to q rise Of $11
per capita.
Our larger income had its basis in a
strengthened banking position, which
permitted the extension Of credit to
brokers, business men and household
ers, as indicated by the rise in
brokers' loans, commercial paper,
bankers acceptances and personal
loans. This was likewise felt in a
decrease in life insurance policy bor-
rowings since last March.
National income of the United
States in 1888 approximated s39,-
800 100000. This was up $780,
600 900, or 81 per cent above the
s38 900, 900 900 Of 1882, which was
the lowest since 1915, when it was
$34, 500 100000 1t marked the first
gain in three years. National income
in 1929 was $4,000. 900 900, in 1890
it was S70500, ,000,0 900, and in 1881
$54, ,700.0 .000, 900. Per capita income
was 1888 in 1929, $572 in 1880, $40
in 1881 and $307 in 1882.
Credit Volume Expands.
The National Conference Board has
developed a continuous series of esti-
mates Of national income, covering
the period 1909 to 1888, by utilizing
estimates for shorter periods made by
the Department Of Commerce, the
Federal Trade Commission and the
National Bureau of Economic Re-
search.
Since a year ago prices for most
types Of credit and money have eased.
simultaneously the volume of credit
has expanded. Commercial paper
outstanding, for example, rose from
ST. 1863, ,064 at the end of March, 1898,
to $103 ,388,515 at the end of January,
1884. The low for the depression,
according to monthly figures Of the
Federal Reserve Bank of New York,
was reached last May at $50, ,129, ,061.
Bankers acceptances outstanding at
the end Of March, 1888, totaled s67l,-
000,0 900, according to the American
Acceptance Council, against $77l 1885,
Evening star., 1934-03-05
BANK ASSETSS0AR
.T0NEW HIGH MARK
Reach $21,747,483 Level
at Close of Year, 0'Con-
nor Reports.
BY the Associa ted Press.

BY the Associated Press.
National bank assets reached $21,-
747, ,483 900 ct the close of 1884
new high since last Ma-ch's bank
holiday.
The figures were made public by
j. F. T. O'Connor, controller Of the
currency, in q summary Of statistics
on the December 80 national bank call
The year end assets were held by
5,159 licensed national banks. They
represented an increase of $548, 1884, 600
over assets held by 5,057 licensed
banks on October Is, and a $3.50, ,992,-
600 boost over assets reported by 1902
banks last June 30.
Loans and discounts, including re-
discounts, were $8,101, ,156, 900 on De-
cember 80, as compared with $8,257,-
937 900 at the October call and So, 116,-
972, 900 at the June reckoning.
National banks at the beginning of
1884, held $4,469, ,147 900 in Govern
ment securities representing increases
in the two and six-months periods OF
1857 ,502 900 and $437, ST. 900 respec-
lively. Other bond and securities held
aggregated $3,40l ,625 900 for respec-
tive increases of $18, 1855 900 and $751;
$4,000.
Balances Also Higher.
Balances due from correspondent
banks and bankers, including reserve
with Federal reserve banks, totaled
$4,000, $4,000 as compared with $3,-
833, $4,000 and s3,793 AGO, 900 on the
respective preceding calls Cash hold
ings of $343,117,OO0 represented in
creases OF $l3,33l 900 and $54. .639 900
Active banks at the end Of 1888 had
paid $l4,934,000 into the deposit in
surance fund.
A capital stock figure of $685.
$50, 900 on December 80 represented
par value Of 1889 asa 900, composed
Of s140,295 900 in class A preferred
stock, $4400,000 in class B and
81 ,444, 759 900 in common.
The controller said the book value
of capital stock had increased. re-
spectively, s2l, $50, 900 and s72. .6O3. 900
and the par value s2l $4,000 and
$72,249,000 since October Is and
June 80.
Surplus funds of $3.50, ,670 900, un-
divided profits Of $3.50, ,022, 900 and re-
serves for contingencies Of $l97.224.-
900 totaled $l,3l3,9l6.000 and repre-
sented $42.987 900 and S26,99l 900
Evening star., 1934-03-05
Fertilizer MAKERS
FEAR COMPETITION
Brand Sees Large-Scale Output
by Tennessee Valley
Authority.

There are strong indications that
the Tennessee Valley Authority is
moving rapidly in the direction Of
large scale fertilizer production" said
Charles j. Brand. executive secretary
of the National Fertilizer Association.
Already $4,000 900 have been allo-
Gated to the fertilizer project. and it
seems safe to conclude that the
authority is considering the manufac-
ture of fertilizer on a commercial
scale in competition with the existing
industry, which is now operating at
only slightly more than quarter Of
its capacity"
Mr.. Brand said that in the nine
States that are located in or near
the Tennessee Valley. there are 463
fertilizer plants with capacity to
produce fully 8,400,0o0 tons Of mixed
fertilizer annually.
Evening star., 1934-03-05
LULL CONTINUES
IN WOOL TRADING
Scattered Buying of Cleanup
Lots Reported at Barely
Firm Quotations.
BY the Associated Press.

BY the Associated Press.
BOSTON. March 3.-The CONNER
cial Bulletin of Boston states:
The wool market has passed
through another quiet week. Scat
tered purchases of cleanup lots of
fine and fine medium territory wools
are reported by topmakers at prices
which are barely firm. Some interest
is shown now and again In woolen
woods. but there is no snap to trading
Some little contracting is reported
in the West now and again at around
80 cents, but nothing momentous has
occurred in the new clip.
Foreign markets are quieter and
inclined to wait the next London
opening Tuesday, when prices are ex-
pected to rule 5 to IS per cent, under
the close of the last London series
The piecegoods markets are slow
Retailers are making heavy price-re-
ductions in their Winter clothing sales
in the effort to move it. Spinners
and combers still complain Of the diff
ficulty in getting shipping instructions
against old contracts.
''Mohair is quiet. but steady"
Evening star., 1934-03-05
VIRGINIA TOBACCO
AVERAGES CLIMB.
Both Prices and Volume far
Above Levels Recorded
for Year Ago.
BY the Associated Press.

BY the Associated Press.
RICHMOND, Va, March 5.-Vir-
ginia sales Of leaf tobacco during
January amounted to 29,05l, ,968
pounds, at an average price Of $11.85
per hundred pounds, figures prepared
by the State Commission of Agri-
culture for the Federal Reserve Bank
revealed today
This contrasted with sales Of 49,
096, 1922 pounds in January of the pre-
ceding year at an average price of
1851 per hundred pounds.
The report showed that total sales
Of all types Of tobacco through Janu-
ary 81 amounted to 9l.714,150 pounds
and that the average season price was
$15.17, compared with 55,743,902
pounds sold at an average of $9.04 for
the same period Of the preceding year
Flue- Cured Prices Up.
Flue-cured sales for January, 1894
amounted to 1881 sol pounds at an
average price of 1884 per hundred,
comparing with 9,413,527 pounds at
an average Of $642 In January, 1888.
Fire-cured markets were open only
10 days last month. Total sales were
3,116,500 pounds as compared with
6,397.708 pounds In January, 1888
The average price last month, s6.87
per hundred pounds, was also ma
terially lower than the average of
s89l paid for fire-cured types in jan
uary, 1888.
Burley sales of 1851 300 pounds in
January showed a big gain over the
2,8s5,338 pounds of the preceding
January but the price Of $9.86 per
hundred was far below the $3.50
average Of the preceding year.
Danville in Lead.
Sun-cured sales amounted to 1892
OCT pounds as compared with 420. .349
for the preceding January. Last
months average price Of s8.40 COM
pared with 81 per hundred pounds
for January. 1888
Warehouse men said that the sales
during January graded % per cent
good, 80 per cent medium and 38 per
cent common. The preceding Janu-
ary sales graded Is per cent good. sc
per cent medium and 49 per cent
common.
Danville led the individual markets
in total sales both for the month and
Evening star., 1934-03-05
Brokers' Comment
y tho Associated Press.


NEW YORK, March 5.@Some brok-
ers today were Of the opinion that q
sustained upturn In stocks would
await q further backing and filling
movement.
Hornblower & Weeks.-0ranted
that the market Is in a position to
advance further, we would prefer to
wait for it to show further stability
over q reasonable period Of time be-
fore concluding that its main position
warrants purchases for a sustained
upswing.
j. S. Bache & Co.-From a broad
viewpoint the present stage of the
cycle Is undoubtedly the recovery
phase. On this premise is based our
conviction that the major trend of
security prices remains upward.
Evening star., 1934-03-05
NEW GOLD RECORD SET.

NEW YORK, March S R.-The
New York Assay Office said that Feb
ruary set an all-time record for gold
movement between continents, with
receipts here aggregating SAIL ,000.-
900. more than double the amount
that left this country in December,
1882, and January, 1888. which re-
corded the largest outflow in such a
period since the World War.
Evening star., 1934-03-05

for the entire season with 10,572 39e
and 42,042,996 pounds, respectively.
Danville also led In average price
last month with $1518 per hundred
pounds. brakes Branch, the leader
among the fire-cured markets, showed
an average price Of 1886 per hundred.
Evening star., 1934-03-05
MORE TIN CONSUMED.

NEW YORK. March S R.-Con-
sumption of tin increased in leading
industrial countries during 1888. the
International Tin Research and De-
velopment Council reported. Con-
sumption in the United States in
creased from 1926 tons to 58,793
tons.
Evening star., 1934-03-05
GOLD STOCKS INCREASE
SHARPLY DURING WEEK
NV the Assoeiatsd press

BY the Associated Press.
Monetary gold stocks of the United
States showed . sharp rise during the
week ended February %, as the change
was calculated by the Federal Reserve
Board. In the table that follows the
total Of such stocks is given for COM
parable periods. as announced by the
board:
Week ended February 28.. $7.401 900. 900
previous week. 7.203,OO0, 900
Same week last year. 900. 4.056, ,0O0,0
Evening star., 1934-03-05

A cold that hangs on is cold to
fear! Serious complications are pos
sible. Daily with no cold, but treat it
promptly and for what it is-an
internal infection. Employ internal
treatment and one that is strictly for
colds and not for a lot OF other
things as well.
/ Groves Laxative Bromo Quinine is
what a cold requires. 1t is expressly
cold remedy. 1t is internal and
direct. It is complete in effect. 1t
does the four things necessary
/ It opens the bowels, gently but
thoroughly. 1t combats the cold
germs in the system and reduces the
fever. 1t relieves the headache and
grippy feeling. 1t tones the entire
system and fortifies against further
attack. Anything less than that is
Evening star., 1934-03-05
GIVE THAT COLD
JUST ONE DAY!
D4 L. 0noxnsnhfI
Rout 1t Overnight!

courting danger.
Groves Laxative Bromo Quinine
contains nothing harmful and is
absolutely safe to take. For more
than forty years it has been the
standard cold and grippe table Of the
world, the formula keeping pace with
Modern Medicine. Every druggist
sells Groves Laxative Bromo Qui-
nine, soc and soc. Druggists who put
your interest above a few pennies
extra profit won't try to sell you q
substitute.
Don't wait until a cold has taken
over your system, but at the first
sneeze or chill 60 right to your drug
gist for Groves Laxative Bromo Qui-
nine. Always ask for it by the full
name and look for the letters L. B. Q.
stamped on every tablet.-Advertise-
ment.
Evening star., 1934-03-05

cados. 40 peas. 90 parsley. "a peppers
45 lettuce, 80 eggplant.
OHIO-75 cucumbers. 81 asparagus.
PEENSYLVANlA-160 mushrooms.
LOUISIANA barrels shallots.
MICHIGAN-45 cartons rhubarb.
MIXED VEGETABLES-56 crates.
Evening star., 1934-03-19
STAR WASHINGTON G, MONDAY

tion by q large number Of invited
scientists and members Of learned
societies in the District. DR.. Paul A.
McNally, s. j., its director, will give
an illustrated lecture on 1.-THE Uni
verse in Which We Dwell"
Following the lecture, the president
and directors Of the university will
hold q reception in the observatory
for Capt. ]. F. Hellweg, u. S. NJ,
superintendent of the United States
Naval Observatory. The naval and
Georgetown observatories were estab-
nshed the same year, and their staffs
have co-operated closely in scientific
work.
Father Secchi, an italian Jesuit,
taught physics and mathematics at
the college from 1848 to 1850 when
he was recalled to take charge Of the
observatory of the Roman College in
Rome. He was a noted metereologist
as well as scientist. He was espe-
cially distinguished for his discoveries
Evening star., 1934-03-19

q. S. S. Tuscaloosa, and In command
when commissioned.
Admiral Simons will relieve Rear
Admiral Cyrus Willard Cole, who will
go to command the submarines of the
United States Fleet.
A native Of Maine, where he was
born May II, 1879, Admiral Simons
commanded the transport Kroonland
during the World War and received
a Navy cross for this duty. In 1923
he completed the course at the Naval
War College and three years later had
command of the Medusa. He COM
manded the heavy cruiser Chicago
from 1890 to 1882.
His usual residence is in st. Helena,
Calf.
Evening star., 1934-03-19

These are second .quality-if
they were hrsts the price would
be 1.3o each. All white or plain
colors and combinations; many
good patterns all with cotton
felt backs. Easily washed.
Palais Royal-Second Floor
Evening star., 1934-03-19
$181,643 ESTATE LEFT

An estate valued at s1s1, ,e4s was
left by Mrs. Mary B. Swain Thomp-
son, who died February 26, according
to petition for probate of her viii
filed in District Supreme Court.
The will gave the entire estate to
her daughter, Mrs. Virginia Swain
Seal 1900 block of Sixteenth street,
wife Of Assistant Corporation Counsel
Elwood H. Seal. The estate COM
prised realty worth $144,017 and per-
sonalty valued at $37,626. Attorney
R. P. Hollingsworth filed the petition,
which named the National Metropon-
tan Bank executor.
Evening star., 1934-03-19
FIREMEN In VIRGINIA
TO MEET TOMORROW
Arlington Fairfax Association
VIII Convene at Cherry
dale House,

Special Dispatch to The Star.
ARLINGTON. Va, March 1s.-The
Arlington Fairfax Counties Firemen's
Association will hold its March meet
ing at the Cherlydale fire house TO-
morrow evening at 8 o'clock. A feature
will be the presentation Of the 1888
attendance banner to the Jefferson
District Fire Department. The Fire
School Committee will report on prog
ress Of the second group Of State Fire
Training School classes, which are
being held at the Ballston fire house.
Evening star., 1934-03-19
REAR ADMIR-. M. H. SIM0NS
TO HEAD FLEET TRAINING
Chief of Staff to Commander Of
Cruisers of Scouting Force
Is Ordered Here.

Rear Admiral Manley H. Simons.
chief of staff to the commander Of
the cruisers Of the Scouting Force,
Is coming to Washington as director
of feet training at the Navy De-
partment.
This was made known yesterday in
published naval orders, which also re-
vealed that Capt. John Norwood Fer
guson will be detached about March
20 from his post at the Naval OBJ
servatory to duty in conjunction with
fitting out the new heavy cruiser
Evening star., 1934-03-19
G. U. TO PAY HONOR
TO FAMED SCIENTIST
Father Angelo Secchi to Receive
Tribute at Tercentenary
Program Tonight.

A tercentennary program at George
town University, dedicated to Father
Angelo Secchi, S. j., one of the great
European scientists of the early nine
teenth century who taught at George
town before the Civil War, will be
held tonight at BIS o'clock in the
Copley Lounge.
The Georgetown Astronomical OBJ
servatory will be opened for inspec-
Evening star., 1934-03-19

in spectroscopic analysis and In solar
and stellar physics, and his researches
in electrical rheometry were originally
preserved In the Smithsonian con-
tributions to knowledge.
Evening star., 1934-03-19
Exposure may be
a hazard TO people
with low resistance

They may take the obvious
precautions, such as avoiding
crowds, bundling up and wear
ing rubbers outdoors. But are
they doing anything to build up
their inner forces? What are
they doing to increase their re-
SiStance?
People should not wait until
after they are sick to think about
their physica al condition. The
time for them to build up re-
serve is while they are well!
And there is a convenient,
pleasant way to do this. By US
ing a special resistance-builder
every day-Squibb Adex tablets.
Squibb Adex tablets offer the
important factors which help
build up good general resistance
-Vitamins A and D. These are
the vitamins for which so many
physicians recommend halibut-
and cod-liver oils with Viosterol.
But people who do not like to
take the oils prefer to obtain
Vitamins A and D with Adex.
They are so pleasant to takel
And they are the only tablets
made from three vitamin sources.
People who begin with Adex
should make it point to keep
it up regularly every day. Re-
suits are worth it. The regular
use of Adex adds to comfort and
efficiency all winter.
Now-at any good drug store
Squibb Adex tablets. Made by
E. R. Squibb & Sons, manu-
featuring chemists since 1858.
Evening star., 1934-03-19

Rail Receipts Lower.
Receipts of railways in the Irish
Free State last year we're below those
Of 1882.
Evening star., 1934-03-19

Soft, thick and feecy blankets
in pretty two-tone color COM
binat tions with wide sateen bind
ings. This is a popular weight
and quality for spring and sum-
mer use. Buy them now. .and
save.
Palais Royal-Second Floor
Evening star., 1934-03-19

Each one is guaranteed for one
year-and they're mellow ring
ing, concealed bell clocks in at
tractive designs. Many styles,
chiefly pedestal bases, il differ
ent colored finishes.
Palais Royal-Main Floor