davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-01-06

spend lot uS' ~,
There is a suggestion that the
nations budget will be balanced
in 1895. Let US hope so. But
note that If prices soar as a re-
suit Of the initiation which now
seems certain, Government ex-
penses will be increased accord
ingly. Also note that the mem
hers Of the CCC and CWA regl-
ments may not want to disband. l.
Some observers have suggested
that now the Government will be
forced to stabilize money IN or
der to float the ten billion dol
lars Of bonds.
Not at all. The Administrar
tiOn will not have the slight
est difficulty in putting out
this amount Of bonds, or .
larger amount. It viii not
need to rely upon the sub
scriptions Of private investors.
ut has . surer way to get
their money! It will merely
20 to the bankS-chiefly the
Federal Reserve banks, at first
and say: Here are the bonds,
give Us your notes"
It will simply swap Government
debt for bank debt.
This is the Surest way to In
flation. Government debt has al
ways been the broad and easy
way to great issues Of paper
money.
$S,OOO,OOO,OOO Bonds Authorized
Under the Thomas amendment
the reserve banks are authorized
to take three billion dollars II
Government bonds. So the Gov
ernment prints that amount o.
currency (notes) for the reserve
banks. It also prints its bonds
Then the trade is made. Ther
the Government spends the notes
Incidentally paying some o.
them as interest on the bonds.
The Washington times., 1934-01-06
CHICAGO GRAINS
|NDEC|S|VE IN
TRENDS

CHICAGO, Jan. 6 QN.S0.
Grains continued to display q
tone of indecision as speculative
activity waned and prices ruled
steady in Q narrow range.
A furry Of buying sent wheat
and corn fractionally higher
after q slow start but there was
no carry through and prices fell
back to the previous close.
Near mid-SesSion wheat was
bc higher to Ac lower, corn
unchanged, oats unchanged to
bc off and rye 1ac UP.
Winnipeg wheat was 7sc higher,
Liverpool closed unchanged to
hd lower.
Estimated carlots, wheat 7;
corn SO and oats 10.
The Washington times., 1934-01-06
Dividend HOw
Rises Again

One accumulated, two in
creased, three initial, three re-
sumed, six extra and 27 regular
dividend payments in days
declarations. Sears, ROebuck,
H. C. Bohack and G. G. Muir
ply companies added to big
store chains reporting increased
December sales. General bust
ness gain in Washington trade
area in final 1888 quarter re-
ported by Richmond Reserve
Bank. Pennsylvania Railroad
net for 1888 reported near 10
million by w. w. Atterbury.
president. Short Christmas
week car lOadings, 45,S21 above
1892 like period. Glass l
rail net in IL months last year
nearly 80 per cent above pre-
viOuS like period.
The Washington times., 1934-01-06
SELECTED CURB
ISSUES SHOW
Up WELL

NEW YORK, Jan. 6 dN.S),
Strength in Q selected handful
Of issues featured a dull and gen.
orally sagging curb market today
Metal share gave q fairly good
performance with Bunker Hill
advancing 11a points to q new
1933-34 high and New Jersey
Zinc gaining ia points to SO
Neisner Is Feature
Neisner Preferred continued I'd
feature the speciality division, at
tanning a new peak at 421a, up
21a points, on top of yesterdays
Z point bulge. On the negative
side was a 21a point setback in
Great Atlantic and Pacific Stores
to 1924.
Utilities were again in supply.
American Gas and Electric Dip
ped u point to 1879, Electric
Bond and Share was off h at
1919 and United Gas lost 1s at 2,
Niagara Hudson Power and United
Light and Power A were slightly
higher.
Oils were sluggish, with the
exception Of Humble which was
up u point at 33B. Interna-
tional Petroleum sagged 70 to
20h.
AIcohoIs Hold Narrowly
Alcohols held within a mar
row trading area, with firmnesS
in DistillerS SeagramS offset by
backwardneSS in Hiram Walker
and Canadian Industrial Alcohol
A.
Pennroad was quiet and firm
among the investment trusts,
while the Cities Service issues
marked time around previous
closings.
The run Of active utility OBJ
legations lost ground, with frac.
tional declines the rule in Amer
ican Power and Light 6s, Amer
lean Gas and Electric IS and
Electric Power and Light IS.
The Washington times., 1934-01-06
Lehman Corporation
Shifts Investments

NEW YORK, Jan. 6 Q.N.S0.
Extensive shifting in common
stock investments is reflected in
the statement of the Lehman
Corporation as Of December 81,
last, and a further increase in
the trusts commitment in COM
mon shares.
Net asset value Of the trusts
shares rose from $58.27 to $80.51
in 1888, a gain of 38.17 per cent.
At the close Of the year there
was an unrealized loss of $2,982,.
600 on the portfolio, compared
with an, unrealized profit of ST.
475,O0O on June 80, mad an I'M
realized los of $9,635,00O at the
end Of 1882.
The Washington times., 1934-01-06
Investment Bankers
Cuts Members Fees

NEW YORK, Jan. 6 GN.S0'
The Investment Bankers Associa.
ton of America today launched
a drive for new members through
q cut in dues and temporary
abandonment Of the $500 initia
ton fee. The reason was the
fair practice code for dealers in
securities, which is expected to
expand the associations func
tions.
AS against the present flat
memberhip fee Of $3.50 annually
three classes will be set up, rang
ing from 500 to 5000 a year.
depending on the size Of the un-
derwriting firm.
The Washington times., 1934-01-06
WOOL DEMAND LIMITED

BOSTON, Jan. 16 UN.s.).-The de-
mand for wool was limited in the
Boston market during the past week
A few sales Of moderate volume in
64s and finer domestic lines were
closed at steady prices compared Win
sales in the previous two weeks:
Asking prices generally were, firm
despite the very restricted buying.
Fine wool markets are active and
prices made further advances over the
preceding week. The strength OF the
advance in prices abroad had little
effect in stimulating buying or bring
ing about any rise in prices IN DO
mestic wools.
The Washington times., 1934-01-06
Chicago Hog Prices
Hi0heSt in 2 Weeks

CHICAGO, Jan. 8 G.N.S).
Hog receipts were $1,000 today.
The market was steady to strong
at the recent advance. A few
choice light hogs brought $3.75
and some heavy butcher sold at
$3.50 to $3.50. The market Is at
the highest point in two weeks.
The supply Of cattle was 200:
the market was nominally steady
with good lightweight steers Csc
to 40c higher for the week and
the heavy steers, 25c lower. Cows
and heifers gained 15c to 25c dur
ing the week. Calves declined ST.
Stockers and feeders sold steady,
Lambs are Csc higher for the
week and the highest since AL
gust.
The Washington times., 1934-01-06
CHICAGO LIVESTOCK

CHICAGO, Jan. 6 (LN.s.).-Hoga
$1,000; 1oc higher. Top s3.76; bulk
$S.46@S.70; heavy So. @ $50; medium
lights S8s5@s.5o; packing sows s2.+O@
8; pigs $225@3. Holdovers 1000
Cattle-2OO; market steady. Calves
800: market steady. Beef steers. good good
medium $4@5.5O; yearlings $4Q6.75.
s225@3.75; bulls $25O@ calves $3.50
@550; feeder steers $3@4.5o: stocker
steers ste ssSs7s~ Ss.7s~" S'0'AsF '0"' ""O A
Sheep. 900: market steady; medium
and choice lambs 81 @s; culls and com
mon and choice ewes $2.50@4; feeder
lambs $5,50@6.50.
The Washington times., 1934-01-06
MONEY MARKETS

NEW YORK. Jan. s. G.N.s.) Call
money on the New York Stock Ex-
change held over at l per cent today.
was freely offered at x per cent.
Bankers acceptance market was
moderately active with rates unchanged
Of 9s to y per cent for 30. 60 and 80
days, Y to v per cent for 100 days,
and 1 to y per cent for $50 ana 4SO
days.
Commercial paper was unchanged at
IN to III per cent.
Time money held unchanged at y
to / per cent for so days, ! per cent
for 90 days and IN to IL per cent
nominal for longer.
The Washington times., 1934-01-06
World Consumption
OF Coffee Increased

World consumption Of coffee
from July / to December 81
amounted to 11,749,0O0 bags, an
increase Of $4,000 bags or go
per cent over the same six
months in 1892 and a record
high for the period. according
to the New York Coffee and
Sugar Exchange statistics.
The United States consumed
$4,000 bags or 49.5 per cent
of the total and showed an in
crease of $4,000 bags or 7 per
cent over consumption for the
1892 period. Europe drank S.
271,00O bags or 44.9 per cent OF
the total, while consumption there
in 1888 was 81 per cent higher
than that in 1882.
The Washington times., 1934-01-06
CLOTH PRICES ADVANCE

NEW YORK. Jan. s. s.).-Ac-
tvity continued at a fair pace in
the coarse yarn cloths market today
at advancing prices. Print cloth sales
brought the weeks total to we'll over
17,5OO 900 yards Of print cloth yarn
goods, and prices of several con-
structions were marked up.
Advances were paid fairly freely.
despite some early reluctance on the
part of buyers to follow the upward
trend. Buying at first came from 4
few scattered buyers.
Converters. few printers and the
bag trade were active buyers of both
wide and narrow print cloths and Of
carded broadcloths.
The Washington times., 1934-01-06
ROebUck Has
Sharp Sales JLGv11p

CHICAGO, Jan. 6 U.N.SO.
Sears Roebuck Company sales in
the four weeks ended December
81 advanced 25.6 per cent over
the same period last year, total
ing $34,482,615 as compared with
$27, ,454,971.
For the 4S weeks ended De
cember 81 sales showed a 3 per
cent rise to $268,903,072 against
$261 ,052, ,7S0 for tie 1882 period.
The Washington times., 1934-01-06
Resources, Deposits
Of Chase Bank Climb

NEW YORK, Jan. 6 G.N.S0. .
Sizeable increases in both total
resources and deposits were re-
corded by the Chase National
Bank at the close Of 1888 over
the last bank call october Is, the
banks statement today revealed.
Resources on December 81 were
$1,715, 5,188, 900, q rise Of $3l, ,488,-
600 over the 1888, 100000 figure
two months earlier. Deposits
were up $25, $4,000 from october
Is to a total Of $1,364,399 900.
The Washington times., 1934-01-06
METAL MARKETS

NEW YORK, Jan. 8 N.s)-copper
buying abroad continues quiet with
price equivalent to s.126 cents q
pound, elf. Hamburg, Havre and
London. Domestic buying is small.
Electrolytic copper for domestic ship
ment is nominally SA cents . pound
delivered to the end of June.
Zinc buying is small, with prime
western unchanged at 4.30 cents q
pound East St. Louis.
Lead buying is quiet, with price un-
changed at cents pound New York
and $50 cents st. Louia.
The Washington times., 1934-01-06
Grant Sales Higher
For Month and Year

w. L. Grant Co. sales In De
cember increased 91a per cent
over a year ago, totaling $l2, ,451S-
1872 as compared with $11 1867, ,72O.
November sales showed an 8.9 per
cent gain over the previous year.
For the year sales increased by
SO per cent, amounting to $77-
648, ,078 against $73,308,541.
The Washington times., 1934-01-06
Cuban CdrryOUer
OF SU0Gr LOUeTed

NEW YORK, Jan. 6 GN.S0.
Cuba's sugar carryover was l.
169 900 tons on December 81
compared with 1,616,684 a year
earlier, Lamborn & Co. estimate
on reports from Havana. Cuban
exports for the year are put at
2.2a2.l14 tons.
The Washington times., 1934-01-06
LEHIGH VALLEY Loss

Lehigh Valley Railroad reported
a November net loss of $277,710,
as compared with a $275, ,451 loss
a year ago. For the II months
ended November 30 net loss to-
tailed $2,525, ,262, against So, ,987 ,631.
The Washington times., 1934-01-06
NORTHERN PACIFIC

The treasury Of the Northern
Pacific Company was enriched to
the extent Of $4,000 in Deem
ber as the result of a dividend
payment received from it's wholly
owned subsidiary - Northwestern
Improvement CompanY.
The Washington times., 1934-01-06

There is no
longer any pre-
tense Of balanc-
ing the budget.
At last, the
Administrati o n
has stated that
it is going to
borrow the bill
lions considered
necessary for
the New Deal.
We, the people,
can't or won't
spend, so the
Administrati o n
Is goin to
The Washington times., 1934-01-06
By LEWIS HANEY
(Protessor of Economics,
Mem York UniUerSitg)

NEW YORK, Jan. 6-The Pres
ident's budget message makes US
face certain, facts.
The Washington times., 1934-01-06
]. s. CLEARINGS
OFF FOR YEAR

NEW YORK. Jan. 8 G.N.S0.
A total Of $241,454,s44.300 in
checks were exchanged at the
various clearing houses in this
country during 1888, representing
a decrease Of SO per cent from
1882. This compares with a de-
cline Of 37.4 per cent In 1882 as
compared with 931.
New York city clearings last
year totaled $957, ,413, ,993,751, q
drop Of 1T per cent from 1882
against q decrease Of 39.1 per
cent from 1881 to 1892.
RAILWAY PAYS EXTRA
Augusta q Savannah Railroad
declared an extra dividend Of IS
cents, payable in January.
Evening star., 1934-09-03
WASHINGTON OBSERVATIONS
BY FREDERIC WILLIAM VILE.

have wiSecracked, President Roose-
velt has sent his cousi9, Warren Delano
Robbins, to Ottawa as American Min
lister, and I have sent my brother-in-
law, Col William D. Herridge, to
Washington as Canadian Minister.
That ought to be reciprocity enough
for the time being!"
Col. Edwin A. Halsey, secretary OF
| the Senate, Is asked by senatorial can
didates all over the country to send
them forms for filing primary CAM
paign expenses. These aspiring states
men are under q misapprehensionr re-
garding the law, which requires the
filing of only election expenses and
does not apply to primaries. Col.
Halsey assumes that in some cases
candidates do understand the pro-
visions of the law. but desire to lean
backward in accounting for every dol
| lar expended on their campaigns from
start to finish. The shades Of New
berry, Smith and Ware rise up to ad-
| monish them.
Oswald c'Trust Buster") Schuette
OF Washington has scored again. For
two years he has waged q campaign
for the National Association OF
Broadcasters against the copyright
monopoly pretensions Of the American
Society of Composers, Authors and
Publishers. On August 80 the De-
partment of Justice filed suit in New
York against that organization, as
we'll as the Music Publishers Protec-
Lar.
Service. Inc. aud l3l OF their officers,
directors and members. charging vio-
lations of the Sherman antitrust
law. Mr.. Schuette, a founder and
one-time president OF the National
Press Club, is leading a similar fight
against the so-called Mellon Alum
mum Monopoly" and the Department
Of Justice is reported to be nearing the
end of its investigation. Schuette's
first trust busting feat was the dis
solution of the radio trust" which
divorced the Radio Corporation OF
America from the General Electric.
Westinghouse, General Motors and
American Telephone and Telegraph
companies and made it an independ-
ent industry.
In response to many suggestions,
the Rev. Edmund A. Walsh, vice
president OF the Georgetown Univer-
sity. will shortly publish his recent
lecture series. Capitalism at the
Crossroads" in book form. 1t deals
with politico- economic conditions in
America. the Soviet Union, Italy and
Germany. One chapter Is COM
mentary on recognition OF the Soviet
by the United States. DR.. Walsh, one
of the foremost American authorities
on Russian conditions, in an address
last week before the Jesuit conven-
ton at South NorWalk, Conn, charged
that the Moscow Third International
has ordered the American Communist
party to smear the N. r. A"
One of the days on which politics
and official business will be taboo at
Hyde Park, except in the event of
grave emergency, is September 81,
when Mrs Sara Delano Roosevelt, the
Presidents mother, will celebrate her
8Oth birthday anniversary. There's
to be great gathering of the Roose-
welt clans in honor of "the first
mother" known in the family as
Aunt Sally" She remains a para
gon of energy and vitality. From her
the President inherits much OF his own
invincible buoyancy and stamina.
(Copyrisht 1a34)
Evening star., 1934-09-03

why is . question that passes ra-
tional understanding. The interest
in the frearm is in its form and mech
anism, not In the fact that it may
be fired If the trigger is pulled or if
match is applied by chance or by
design to the charge. Yet again and
again lives have been sacrificed in the
course Of handling these souvenirs
of the past Children rummaging
through the odds and ends In attics
and storerooms have been slain by
them.
1t would seem that any single in
stance of such mischance would
cause every collector or possessor
of an old weapon to examine it to see
If it contains charge and to remove
1t or fire it in safe circumstances.
Yet repeatedly such tragedies have
occurred without leSSening the haz-
ards Of the unknown potency Of the
gun. Perhaps in this case the re-
pute of the victim, leading to a wide
publicity of the accident, will cause
a more general and thorough over
OF these collections and SOU
yenirs.
The only safe way to treat gun"
whether 1t is known to be loaded or
not, is to keep 1t out of the reach Of
hands that may accidentally or in
discharge 1t if it should
chance to be in condition to be fired.
The best way of all is to be quite GER
tain, through careful examination,
that no weapon kept as q souvenir
or curiosity is loaded. Guns that are
owned as possible means of defense
against marauders should never be
handled save in extreme emergen-
cies and should never be kept in
places where they may be found by
children.
Evening star., 1934-09-03

within the Democratic party as 1t is
now dominated by the New Dealers
Otherwise he might have sought the
Democratic nomination for the Senate
this year against Senator Royal S.
Copeland, or he might not have
offered himself as candidate at all.
Mr.. Breckenridge is not satisfied with
what is going on at Washington.
Probably no one believes that he has
the ghost of a chance to be elected
against the Democratic and Repub-
lican candidates in November. The
organization of the new Constitutional
Party through Mr.. Breckinridge's
efforts, however, is symbolic of a
strong reaction against the New Deal.
For Mr.. Breckenridge has been q
Democrat in the past, just as have
John w. Davis, Alfred E. Smith and
others who have not found themselves
In sympathy with the New Deal.
One part Of the formal announce
ment of Mr.. Breckenridge, his
platform in effect, attacks the CEN
tralization Of power over the lives of
American citizens in the hands of
Washington bureaucrats."
The effect of Tammany rule ON
the City of New York has been
devastating" his announcement said
We shall resist the Tammanyizing of
the United States. The billions of
relief money taken by taxation from
the people willing to bear every rea-
sonable burden of a program of
recovery must not be used for the
erection OF a gigantic national Tam
many machine"
Mr. Breckenridge is not the only one
who has feared or inveighed against
the erection of bureaucracy under the
New Deal. Senator William f. Borah
OF Idaho, Progressive Republican
months ago warned the Nation what
1t might expect from a great central
lzation OF power over their lives in
Washington. And, of course. the New
Deal bureaucrats have been the theme
OF many Republican attacks against
the Roosevelt administration.
The suggestion Of Mr.. Breckinridge,
however, that Tammany system is
being developed for the United States
Government, comparable to the system
which has held New York City in its
grip so often and so long, is one
OF the most severe criticisms vet
launched. 1t infers that q bureau
cracy, set up at first for benevolent
may later become as sinister
as the Tammany Tiger.
In New York Democratic politics
the Roosevelt leaders have made I'D
their minds. apparently, to swallow
Senator Copeland's candidacy for
reelection. Mr.. Copeland has not
always played ball with the admins
tratlon in matters that have come
before the Senate nor In New York
politics. For the sake of harmony
they intend to go along with Mr..
Copeland In the coming campaign, it
is said.
Evening star., 1934-09-03
Didn't Know It Was Loaded.

The didn't know it was loaded"
tragedy, which has cost countless
lives in the course of many years,
has occurred in a somewhat new form
in the death at Hollywood of Russ
Columbo, popular musician and
screen performer. Visiting friend
who is a collector of weapons, he was
being shown a pistol of Civil War
days, Of the percussion cap variety.
The owner, holding a lighted match
in one hand as he displayed the fire.
arm, accidentally dropped the match
on the cap and it detonated, explod-
tng the charge and sending the ball,
by a ricochet, into the brain of the
victim, who died shortly afterward.
It is a strange ignoring of the pri-
mary laws of safety that weapons
held as souvenirs and curiosities
should be kept in a loaded condition
ret 1t is by no neanA unusual. Just
Evening star., 1934-09-03
THIS AND THAT
BY CHARLES E. TRACEWELL.

| in any of its varieties is sure to have
plenty of ruby-throats.
The common ingredient in all such
gadgets is their perfect unnecesSari-
ness, If it may be put that way-and
why mott is perfectly plain, is it
| not?
One can watch real cats fight, one
/ can wipe ones feet on the front door
| mat, one can look at the leaves in
the trees to see which way the wind
is blowing. and one can grow cardinal
climber vines.
Unnecessary, perhaps. but desirable,
| IL one has the hankering.
A rather well-known Washingtonian
was standing in book store the other
| day. idly looking at the new books.
| He bought none of them, however,
but fixed his attention on DR.. Will
liam Beebe's Field Book of the Shore
Fishes of Bermuda"
The clerk. who knew him rather
we'll, was somewhat surprised at his
choice.
You buy whatever you want, don't
you?" she asked.
Yes" he replied. simply. IT may
be dead tomorrow"
| X y
And that, without doubt, is why
men buy gadgets of all sorts.
Eminent medical men unite in pro-
| claiming the advantages of hobby, a
real hobby without thought Of profit,
for men in middle life.
They might, with equal correctness,
advocate the purchase Of gadgets,
| from time to time, If q man can
spare the money.
Not only is he helping out his fell
low men all along the line, from the
inventor down through the manufac-
turer, the retail store proprietor. the
clerk. the bundle wrapper, the de-
| livery man, and so on.
He is helping himself most Of ALL
for he is doing something of his own
free will simply because he wants to
do it.
This may seem wrong to straight
laced persons who somehow feel that
everything one wants to do is liable
to be all wrong from moral stand
point. Criminals of all kinds do what
they want to do, do they not? That
is just the point. There is too much
of a tendency nowadays to lump of
all things into one classification. and
brand the class "all wrong" Nothing
could be more false. There Is q
good and bad in most things. A great
deal still depends on motive. A
good motive is different from a bad
motive, but much of the thinking to-
day goes on the assumption that
there is but one point of view-one's
own.
When it comes to doing what one
wants to do, it must be realized
that this is good only so far as the
doing is square and above board and
in line with the eternal verities.
When it comes to such an inocent
matter as some one indulging him
self in some gadget or other, there
| ought to be no two opinions about
it, but nothing is commoner.
The person who Is not similarly in
terested cannot understand" why
another should be. There are thou
sands of persons who thus become
afraid to buy some gadget because OF
the lack of enthusiasm of others.
National recovery Is held back. to
certain degree, personal happiness
is often jeapordized, by failure to
secure what one wishes. within rea-
sonable limits. And the more ''use-
less" perhaps, the better.