davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-23
Hog Market SIO1v
And Biddin0 LOIDeT

CHICAGO, April 23 Q.N.SJ.
Statesmen were holding the best
hogs at 81 today, but buyers were
bidding from $3.50 down. The
market was slow and bids general
~ 10c lower than last Friday. Re.
ceipts were $4,000. The market at
was at the lowest point since late
last January.
Choice steers were reported
steady to strong, but bids were
weaker for the light and medium
weights that were not choice.
Cows and heifers sold steady to
15c lower. Calves were unchanged.
Best lambs held at SO. Bids
were generally steady.
The Washington times., 1934-04-23
RATE PUT
At 55PER CENT

Steel demand continues to
gain momentum, not only from
the expediency of consumers
price advantage, but also IRON
actual acceleration in consump'
tion, states the magazine Steel
adding:
"SuppOrting q fOur.pOint rise
to IS per cent in the national
steelwOrks operating rate last
week-higheSt since last July
were heavier shipments to au-
tOmobile manufacturers, whose
production schedules are mount
ing: . larger vO1ne Of bying by
railroads and equipment makers;
broader structural steel and
miscellaneous manufacturing &C.
tivity.
"Strikes in the automobile
industry are losing force, and
the belief is growing that ra-
tiOnal labor policies will pre-
dominate in Washington.
"It is becoming more evident
that If all the steel tonnage
contracted for prior to recent
price advances is delivered be-
fore July l, IS the steel code
preScribeS and aS consumers
apparently desire, steel output
must for some time show .
steady upward movement.
with some fears that de-
livery may become . problem,
steelmakers are urging users
to cooperate by releasing ma
terial as early as possible; a.
a result of which leading con-
sumers are beginning to issue
specifications for June"
The Washington times., 1934-04-23
FEAR Of STOCK
MARKET RULE
IS DECR|ED

Much unjuStified fear exists
with regard to the possible effects
Of the proposed stock market con-
troll legislation on the volume and
character of trading, which in the
final analysis must depend upon
fundamental factors, including
supply and demand, according to
Arthur H. Cushman, vice-president
Of Richard D. Wyckoff, Inc, stock
market technicians, of New York.
The firm has completed an ex-
haustive study Of the elements and
factors, both tangible and psyche
logical, governing the business Of
securities trading under the title,
Stock Market Regulation-An Ap-
praisal Of It's Possible Effects on
Traders and Investors"
Basic Principles Stand
In a summary Of this study
which is in question and answer
form, Mr.. Cushman says:
"In the opinion of our Organi'
zatiOn 1t is apparent that sound
basic principles Of analyzing
supply and demand will remain
as effective as ever. This is eS-
pecially true when we consider
that rising and falling corporate
profits are the fundamental mo-
tivating causes Of the urge to
buy or sell.
Congress has manifested no
intention Of seeking to control
the economic cycle through stock
regulation, even though OppO-
nentS Of the proposed legisla.
tiOn contend, with no little jus
tifiCatiOn, that the original bill
would permit disturbing govern.
mental interference with busi-
ness.
DIFFERENCES OF OPINION
"As upon other questions in.
vOlved, there is room for much
difference Of opinion as to
whether the proposed legislation
will increase or decrease activ-
ity. Much depends upon the
form legislation may take at its
final passage through Congress.
Uncertainty on this point has al.
ready been productive Of re-
StFaint on the part Of many
traders. 1t may be cOntended
that the removal Of this uncer-
tainty would, Of itself, have q
tonic effect on the markets &C
tivity.
"The ordinary buyer has .
marked prejudice against high.
priced stocks. He does mot
trade In them extensively as
. rule, but gives preference
to medium and low-priCed
issues.
Drastic margin require.
ments will simply induce the
public to shift its operations
from stocks in the higher
priced brackets to those in the
lower"
AS to whether trading is to
become more profitable or less
profitable, Mr.. CuShman said it
is the opinion Of the personnel
Of the Wyckoff organization that
trading may be less profitable
for the gambler, but for the
scientific trader, regulation may
serve to make trading even more
profitable than heretofore.
The Washington times., 1934-04-23
GRAIN FUTURES
TURN EASIER

CHICAGO, April 23 Q.N.SO.
Grains were easy In today'S early
dealings, reflecting the action in
other speculative markets.
Near mid-seSSion values were
around the lows, wheat being "
to Bc off, corn " to 4c down,
oats " to Nc off and rye 70 to 1c
off.
May wheat sold at 769Sc. July
Te1Sc. May corn brought A4Ac,
July 471sc.
The Washington times., 1934-04-23
Factory Jobs Set
NeLU Detroit Peak

Industrial employment in De-;
troit on April Is reached the
highest level since May, 1890,
according to the index of the De-
troit Board Of Commerce, which
increased to 111.2 on April IS
from 1913 on March Is and
compared with 47.5 on April 49,
The Washington times., 1934-04-23

q little farther
ground, despite
some Shakiness
in Government
Issues.
On Friday the
stock m a rke t
broke through
a sign iif cant
"r e S / s t q n ce
level" by clos
ing above the
high touched
on April II.
The general
appearance of
the charts sug.
casts an I'D.
The Washington times., 1934-04-23
FIRE LOSSES DIP

Fire losses during March totaled
$Sl,312,359 as compared with $751;
as. .4S4 in February, according to
the National Board Of Fire Under
writer's. Losses last month were
11.35 per cent below March Of
1888.
The Washington times., 1934-04-23

though, that Bethlehem may pay
something on the preferred at
the meeting Thursday. Bethle-
hem has been doing better than
United States Steel. These
meetings explain why the steel
shares haven't made q better
response to the sharp rise in
operations in the last two weeks.
The Washington times., 1934-04-23
WRITER WARNS
Of PREFERRED
SECURITIES
BY LEWIS HANEY
Professor Of Economies, New
York University.

Stocks steadied and recovered
last week, the net result being a
net gain in the averages Of about
one point. Bonds also gained
The Washington times., 1934-04-23


appearance OF ;;s::;,sss$:' :;;sS;:
the charts sug. - HSSs'S$S' -
RestS an up A""'' Nancy
ward path or zone. Signs OF
hesitation and some loss OF mo-
mentum have been apparent.
There have been no indications
Of a selling climax. however, so
that the worst that seems prob
able is q day or two of mild
reaction, followed by continual
tion Of the advance.
It does not seem probable
that Washington news will be
upsetting for . while now, as
the Administration is clearly
set to present . reassuring
front. Even Prof. Tugweu now
announces that he is really
conservative.
Fundamentally the worst news
would be further steps down the
broad and easy road Of initiation.
but this would not be "bearlsh"
I'm the present stock market.
On the bear side Of the mar
ket, one may say that the blue
chip leaders are very high ana
show extraordinarily low yields
for so young q bull market.
Furthermore, for over two weeks
now such stocks as American
Can, u. s. Steel, and Dupont
have made no progress. Doubts
may well exist as to the amount
OF future improvement in earn
Ings Of such stocks, in view OF
wages, taxes, etc.
It is also true that the groups
Of the 10 or Is stocks which are
most active from day to day
have recently been more mixed,
and have shown q good many
minus signs. -
But the bull may reply that
the majority Of stocks traded
have continued to creep up, and
that the list as a whole does
better than the old leaders"
The market has not only shown
excellent resistance to selling
during the crack in grain and
the one-day setback in gold
shares, but has broadened out
and gained in volume.
The volume has not come In
. few leaders, but has repre-.
scented D more or less Selective
buying Of many miscellaneous
issues. It is quite evident that
the pressure Of funds seeking
. safe outlet has shifted from
bonds to preferred stocks, and
n now seeking bargains in
common stocks.
In fact, I think the preferred
stock move is beginning to get q
little indiscriminate, and may
soon be overdone. All sorts Of
''preferreds' are being marked
up-ice, coal, paper, railway.
store, steel-anything with ''PF'
after it.
This move originated in the
purchase Of cumulative" issues
which seem likely to pay up back
dividends, or high dividend pay
erS which now seem likely to be
able to continue payments which
had been in doubt. It should thus
be very selective. Aside from
such situations, one should re-
member that preferred dividends
are usually limited in amount,
and thus do not present the pro.
lection against currency deprecia-
ton which common stocks may
offer.
So watch your step, and
don't begin to buy preferred
stocks now just because they
are preferred stocks.
Despite the proposed Canadian
tax, 7 see no reason for not hold
ing carefully selected gold mine
stocks. AS the American dollar
depreciates, the world markets for
gold will rise in terms Of dollars.
Payments in Canadian funds will
be worth more in our paper dol
lars. The dollar cannot long be
weak abroad and strong at home.
In any case, some OF the gold
stocks seem easily worth present
prices, even if the proposed tax
were levied.
The Washington times., 1934-04-23
N. Y. STOCK QUOTATIONS
CONTINUED from Preceding Pass)

(A) Optional stock cash. Cb) Partly extra. (c) Extra
stock and cash. (d) Extra stock (s Paid In 1881 W On
accumulation (g) No regular latest payment
Chr Payable (m) Special CA) ~ In stock " W
With warFant6 (xWl without warrants ( nx-diVidsnd
~ Ex-eighta -.
Dividend rate dollars IN parsathesa COee1 NEeEa
dtNdond9 9Hbllshod thro0SA SogAAR AtVGdsna Rssao4
The Washington times., 1934-04-23
BOND MARKET AVERAGES

Rut R 1st en- AIS II 1881 7sh 7sh
StL IM&S Riv&G As '33 SAX 50 SO
stL-SFrRy p / A Is so rs 24h 25
St l. San F AVS '7s... 23A 23 23h
stLsoW 1st ter IS '52. 65h SSH S5h
stP&KCShL 1st AVS II 81 "a "a
st P Min & Man 5s '43 105h 106N l105N
SanA&Aran Pass 4s '43 "a S3% S3S
San An P Ser IS A '52 97h 97A 97M
Santa FeP&P 1st IS 42 1854 1851 1854
Sbd All Fla 6s A ct35 5B 5h 6h
Shar SHIP 1st ST SIS 70 68 69h
Shell Un OIL IS ~. 81 80 80
Shell I'm OIL IS ctww 80 80 80
Shell Pipe L IS '52. 100 99% 99%
Sierra & ST Pow IS. I1O1 lO1 1O1
silesian AM Is a.. 52h san SAN
So Pac 4hs s1..... s9s 50 50
The Washington times., 1934-04-23
:ss :s: N. Y. Curb Quotations s: ssS: : . 1::

lHiehl Low | 1915
Evening star., 1934-05-14
Former Prisoner
Is Sought to Aid
Build Telescope
Glass Makers Want Cal.
ifOrnia Man to Grind
Giant Lens.
BY the Associated Press.

BY the Associated Press.
CHICAGO. May IA former pris-
oner was being sought as one of the
few men in the world with sufficient
skill to assist in the production of
the worlds largest telescope
Dismayed at the breaking Of the
mold for the 72-inch lens for the new
University of Texas observatory, New
York glassmakers communicated with
Sheriff Harry Crawford at Geneva,
ILL.,, yesterday, asking for the address
of John E. Mellish.
Crawford wired the Corning Glass
Co at Corning. N. Y, that Mellish
had been paroled a year ago to
George Friend in Los Angeles, Calf
Previously Mellish had been confined
in Kane County Jail on charge pre-
ferred by his wife Jessie in behalf of
their 15-year-old daughter.
Officials of seven universities assert
ed at the time of MelliSh's indictment
in 1881 that he was one of four men
in the world with the skill to grind
astronomical lenses properly.
For many months, while he awaited
trial, Mellish was permitted to work
in his laboratory because of the de-
naands of science for his unique skill.
Evening star., 1934-05-14
SAFE ROBBERS SOUGHT
Three Colored Men Seen Taking
Strong Box Holding $s1.e4.

Police are seeking three young COL
ored men, said to have been seen
placing small safe in the rumble
seat of an automobile early yester-
day morning near Fourteenth and
Irving streets.
An investigation developed that the
safe was stolen from the Left Candy
Co. at 3l00 Fourteenth street. It
contained $8l "a and was removed
after the two rear doors to the store
we're forced open.
Evening star., 1934-05-14

Guardia and Grover A. Whalen. chair
man of the Reception Committee, will
pay an official call to the commander
in chief of the fleet on board the bat
tleship Pennsylvania.
Navy officers will be escorted to the
city hall. then to luncheon rendered
by the Advertising Club of New York.
The following day officers and men
of the feet will parade, with Mayor
LIZ Guardia in the reviewing stand.
From then on to the end of their So
journ. the officers and sailors will be
entertained at dances, dinners, teas
and luncheons.
They will have one or two nights
off to do as they please.
Evening star., 1934-05-14

Shears, county attendance officer. WILL
liam T. Jobe is principal.
Seabrook led the one-teacher schools
with 979 per cent. Woodville was first
among the two-teacher schools. hav-
ing an average of 94.7 per cent. In
the graded group College Park, with
961 per cent, was the leader.
Glenn Dale topped the colored group
with 98.6 per cent.
Evening star., 1934-05-14
POMP AND CEREMONY TO GREET
u. S. FLEET IN REVIEW ON MAY 81

With him will be high Federal,
State and city officials, including Sec
retary Of the Navy Swanson, Admiral
william H. Standley. chief of naval
operations; Gov. Herbert H. Lehman
of New York, Gov. A. Harry Moore Of
New Jersey. Mayor La Guardia OF
New York and Mayor Frank Hague
of Jersey City.
Plans for the citys participation in
Evening star., 1934-05-14

the reception were announced last
week. Tentative, they call for busy
round of review, entertainment and
parades throughout the period of the
fleets stay here, which will be from
May 81 to June II.
Following the presidential review,
the ships will be scattered. some 60
ing to piers, some proceeding to the
Brooklyn Navy Yard and others an
choring up the Hudson.
The Indianapolis will return, as di-
rected by Secretary Swanson, to the
mouth of the Potomac.
The city of New York will take over
the Navy men on June l. Mayor La
Evening star., 1934-05-14
Nv the Associated Press.

NEW YORK, May it.-When the
United States fleet comes in on May
81 1t will be welcomed with consider
able ceremony and fanfare.
President Roosevelt will review the
long, gray watchdogs of the home
waters as they steam past the Indian
apolis, stationed five miles South of
Ambrose Channel lighthouse.
Evening star., 1934-05-14
LONG HELD "DOOMED"
Political Foe Says Senator Is Dis.
tasteful to President.

NEW ORLEANS, May IA R-Col
John P. Sullivan, political foe of
Senator Huey P. Long. declared yes
teroay on his return from Washing
ton that Senator Longs doom has
been sounded"
Said Sullivan: Long is distasteful
to the President. just as he is to all
right-thinking men, and his doom has
been sounded as a national figure
within the Democratic party. He has
received no encouragement at the
National Capital and will receive no
patronage"
Evening star., 1934-05-14
TURN DOWN A. F. OF |.

Brewery Workers Refuse to Join
Teamsters Union.
CINCINNATI, May IA (P).-The
United Brewery Workers of America
voted almost unanimously not to turn
over its wagon and truck driver men,
bers to the Teamsters' Union, it was
revealed yesterday in the result of a
poll.
The vote was 24,16l to Ill against
accepting compromise suggested by
William Green. president of the
American Federation of Labor. 1t
was said to be the first large scale
poll on any dispute between horizontal
(trade) and vertical dndustriaD
unions.
Evening star., 1934-05-14
OXON HILL SCHOOLS
ATTENDANCE is BEST
os.1 Per Cent April Record
Shown in Monthly Report
of County Officer.

BY a stan Correspondent Of The Star.
UPPER MARLBORO, Md, May IA.
With a percentage of 98.i. the Oxon
Hill Consolidated School had the best
attendance record In Prince Georges
County during April, according to
the monthly report of Miss Kathleen
Evening star., 1934-05-14
Burke League to Meet.

BURKE, Va. May IA Especially -
The Burke School League will hold
its annual meeting for the election Of
officers in the school auditorium to-
night at 8 o'clock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31
F. T. c. REGA1NING PRESTIGE

THE federal trade commission is coming
Il into its own again.
Twenty years ago when it was created to
curb the business anarchy of monopolies,
President Wilson appointed to the commission
a group Of outstanding men with the inteln-
gence and inclination to do the job. For a
few years it was an effective guardian of the
interests Of consumers and the rights of small
business.
But court decisions in antitrust cases.
Harding Coolidge Hoover personnel replace
ments and the old guards denial of adequate
appropriations rapidly changed the commits
sion into a toothless. famished watchdog 1t
became Just another government bureau.
q. Then things again began to happen. The
present congress raised the commission to new
prominence by empowering it to administer
the important Truth-in-Securities law. Presi-
dent Roosevelt eliminated ex-congresSman ex-
lobbyist Chairman Humphrey and appointed
Commissioners Lands and Matthews. notably
improving the character and fibre of the COM
mission.
New responsibilities rest upon the commits
sion by reason Of the NRA. which has opened
new avenues for evading what is left of the
antitrust laws The forthcoming stock mar
ket legislation may still further expand the
commissions duties and powers.
Because Of the increasing Importance of
the commission in our industrial commercial
and financial life, it is significant and encour-
aging that this body has adopted a long
needed reform in administrative procedure.
No longer does the commission hand down
curt and cryptic findings. Instead decisions
are huttressed with narrative and description,
Ike the opinions Of the supreme court and
interstate commerce commission. which an
alyze and dispose Of all pertinent arguments.
These exhaustive opinions should discour-
age many appeals to higher tribunals, and at
the same time guide business interests that
heretofore had no way Of learning the con-
siderations which determined decisions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31

THE country Is indebted to Chairman Black
IL and the senate committee now Investigate
ing the ship and air mail rackets under the
Hoover administration. But those who had
supposed that the inquiry transcribed the
partisan level will be surprised by the extreme
hesitancy with which Senator Black and the
Democrats questioned Postmaster General
Farley. national chairman of the Democratic
party.
It Is important that the committee go to
the bottom of the Hoover administrations
subsidy contracts a task on which Senator
Black has made brilliant beginning But it
is also important that tie committee inquire
with equal thoroughness into the relations OF
present administration officials with the sub
sidized corporations.
Why did not Postmaster General Farley
and his aids, in Office ten months, discover and
report that the subsidy contract files we're
missing and certain other suspicious factors?
Is Mr.. Farley incompetent to carry out his
oath of protecting the public interest. thus
leaving past and possible present irregularities
in his department to accidental discovery by
senate committee2
Or is Mr.. Farley too busy building up the
Democratic party for the fan elections and
passing out patronage to know his job and to
DO his job as a cabinet official and department
head for which the taxpayers pay him?
Is there basis for .he reports that Nj Far
lev and other administration officials, includ-
ing Assistant Secretary of Labor Battle, accept
T,sfsanaI favors from, e. ese subsidized corpora
tions. Snch as free. pla- es for junkets?
This is an lis sample Of numerous
pertinent questions which will occur to Senator
Black if he is as keen on getting the facts
about Democratic officials as Republicans.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31
A Woman's Viewpoint
: BY MRS. WALTER FERGUSON

IN the Atlantic Monthly,
L Philip Curtiss discusses The
Twilight of the Business Woman"
and prophesies a return to the
ancient and honorable profess
sions of daughterhood, wifehood,
motherhood, ladyhood. And it is
true, perhaps, that most girls
wanted to go into business because
all their friends were doing so,
and that now they find the Office
as dull a place as home.
It's far, far duller in many ways.
If you are not particularly inter-
ested in your work, for instance,
an Office is the very dullest and
dreariest place in the whole world.
The modern woman is beginning
to find that out. In an Office,
occupying a subordinate position,
you're nothing but a little cog in
a very big machine. At home. no
matter what your status, you are
an individual and have the privi-
leges Of one. Every minute Of the
day you can behave as an indivi-
dual instead of conducting your
self as an automaton.
Analysing woman's desire TO get
into business in the first place, it
is easy to miss the main point, I
think. Is it not true that girls
were driven by a subconscious
urge to be where men were2
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31
A TEMPORARY PLAN

IT is somewhat reassuring to hear Assistant
Secretary of Agriculture Tugwel telling a
Cincinnati audience that the present admin
1stration measures to curtail agricultural and
industrial production are purely temporary.
One of the contradictory features of the
administrations revival program has been the
fact that the nations productive capacity has
been retarded. The production Of foodstuffs
has been cut down in land where many
people do not get enough to eat; factory pro-
duction has been cut down in land where
an almost infinite variety and quantity of
factory products are needed badly
AS method of meeting an emergency.
such scheme may be wise and effective. AS
a long-range program, however, it would suf-
fer from overwhelming contradictions
1t is good to get this reinsurance that the
administration realizes the fact.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31
THAT FREAK HAND

Just as every golfer fondly longs for hole
in one, so the bridge player wistfully dreams of
a hand with thirteen of one suit Mathema-
ticians have calculated that such an event is a
several-million shot In fact some
statisticians say there just isn't any such ami
NAL as hand of thirteen of suit
We prefer to believe that when August
Roeder, 1924 Kenwood avenue, picked up a
bridge hand on Monday night he really did
find thirteen hearts in it. We envy him for
achieving what will always be a vision to most
bridge players-too bad it wasn't thirteen
spades
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-31

WHEN business became the
w most powerful force in
American life and when men began
giving it all their attention, inter-
est and time, it was natural for
girls to think it must be some
thing far more fascinating and
wonderful than just making a liv-
ing. 1t must be a thrill-and
about that time all girls were
hunting thrills.
So they too, when the opportu-
nifty came, went into business by
the thousands. And I have no
doubt many of them got good hus-
bands because Of it. Better hus-
bands, probably, than they might
ever have found sitting around
home,
We make mistake, however, if,
when discussing careers for woTn-
en-, we always come around to the
theory that everything a girl does
has for its sole purpose the cap
ture of a man, or that she seeks
by these devious ways to come
home. Because this business in
terlude, if such it proves, has
given women other incentives for
living. Our age has developed a
number who don't want to be
married any more than some men
do. These are the real new wom-
en-. The rest of us are just as
old-fashioned in our essential be-
ings as our great-grandmothers.