davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06
DUQUETTE

Mr.. and Mrs. L. c. Dow and son of
Minneapolis, spent the weekend at
the Chas. Berger home. While here
the Bows accompanied by Jack and
Bobby Berger, took a trip along the
North Shore of Lake Superior. All
returned to Minneapolis Monday morn
ing.
Mr.. and Mrs. Kenneth Stennes Of
Robbinsdale, and Miss Alice Hedberg
and Kenneth Walter of st. Paul, spent
the weekend at the Hedberg home.
Mrs. Hedberg accompanied them back
to the Twin Cities to attend the
State Fair.
Miss Levina Thompson Of Duluth,
who again is in charge of the Du-
quette school arrived Monday to start
her school Tuesday. Miss Thompson
is staying at the Logelin home.
Miss Myrtle Hedberg went to Proc
tor Monday, accompanied by Winni-
fred and Stanley Barquist, who have
been staying at the Hedberg home
for some time.
Miss Mary Johnson left for Duluth
Monday to resume her studies at the
high school there, and Miss Dorothy
Erickson to continue her course at the
teachers college.
Mr. and Mrs. Olof Anderson and
children spent the weekend at the
home of Mrs. Anderson's mother, Mrs.
Anna Edin. Miss Jennie and Edwin
Edin accompanied them back to Du-
luth for a short stay.
The Presbyterian Ladies' Aid will
be entertained at the home of Mrs. P.
Erickson Saturday afternoon, Sept. 8.
Mrs. Robert Hirchman of Paterson.
Iowa, who has spent a week with her
parents, the P. Ericksons, returned to
her Iowa home Friday, accompanied
by her sisters children, Russell and
jeanne Larson.
The meeting of the Nickerson Luth-
err League is postponed until further
notice.
Bill Crosby gave a party for the
baseball boys and their friends at his
cabin on the Jean du Luth farm Fri
day night. A dandy time was had.
The popular dance orchestra, the
Nelson Twins, will play at the dance
given by the Community Association
Saturday night, Sept. s. The usual
good time is anticipated.
Silo filling is in full swing all over
the neighborhood. The corn is not
very good this year.
ALI Erickson and Edwin Johnson
went to Pine City Tuesday to repre-
sent School District No. Is at a hear
ing held in regard to school territory.
Margaret Sandborn, Elizabeth &C.
gan, and Mrs. Johnson and daughter
of Superior, Wis, spent Sunday and
Labor day at the Kuhn home, return
ing Tuesday noon accompanied by
Mrs. Kuhn.
Mrs. G. E. Carroll and granddaugh-
ter left Wednesday morning for the
Twin Cities and the State Fair.
Mrs. Narcotic left Saturday for SUI
perior, for short stay with her
daughter, Mrs. Bonner.
Bill Witmyer and Mr.. and Mrs. Wal
lace Johnson of Minneapolis, visited
friends at Nickerson over the week
end. Bill had charge of the belong
farm at Nickerson for several years.
George P. belong and S. H. belong
and family who have spent some time
at the Nickerson farm, left Monday
for their Anoka home.
Carl Anderson received message
Tuesday that a job was waiting for
him at Minneapolis, and left Wednes-
day to go on duty.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06
MARKVILLE PASTORATE
c. E. Sholander, Pastor

At Markville Sunday-Sunday school
at 1915, services at IL a. m. All
welcome.
At Keene- Services at p. m; Sun
day school and confirmation class
meets at p. m.
There will be Swedish services at
the Aspen school house, town OF
Blaine, Sunday, Sept. 9, at p. m.
Everybody welcome.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06
PRESBYTERIAN CHURCH NOTES

Bruno.
Bible study Thursday evening at
the church.
C. E. Friday evening at the Sydow
home in Kerrick.
Sunday school at 10 a. M; service
at Ills.
Kerrick.
c. E. Friday evening at the Sydow
home in Kerrick.
Ladies' Aid Saturday at the Ericsson
home at Duquette.
Services at 9:45 a. M; Sunday
school at 1915.
Willow River.
Bible study Wednesday evenings.
Sunday school at 10 a. M; service
at p. m.
DAVID FARRINGTON,P Pastor.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06
CATHOLIC CHURCH NOTES

Sunday, September 9-Mass at Holy
Oke and Kerrick.
Catechism classes every Saturday
at 10 a. m. at Duquette on Saturday
preceding Sunday mass there.
At Kerrick on Saturday preceding
Sunday mass there.
REV. M. O'CONNOR.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06

People that you don't care very
much about-those who lead you into
trouble and then find a way to slip
out of it themselves.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06

American ads save you money.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-09-06
(TOo Late for Last Week.

Mr.. and Mrs. Gavin and family of
Minnea polls, spent the weekend at the
Q. T. Rudd home. Mrs. Gavin is a niece
of Mrs. Rudd.
The Washington times., 1934-03-03

it took from the banks and from
us; but also it is borrowing on
the new gold as if the gold were
worth $35 an ounce, while it is
spending dollars which in this
country still buy more commod1-
ties than gold.
The Treasury buys the import
ed gold. In payment, it issues
gold certificates" or gets the
banks to extend deposit credit
to it. Last week, 1t turned $685.
100000 in gold certificates over
to the Federal Reserve Banks.
Banks Get None
So the governments monetary
gold stock" increases, but the
banks hold none of it. The bank
reserves consist entirely Of credit,
largely government credit. The
reserves" of the Federal Reserve
Banks are nothing but irredeem-
able "gold certificateS"-a sort of
yellow "greenback."
We should note that all this
juggling Of gold and paper is
coming to center on the COM
mercial banks. The Federal
Reserve Banks now play but a
minor part.
For example, the credit extend
ed by the Reserve Banks is &C.
tually declining. They are buy
ing no more government securi-
ties, and their lending to mem
ber banks has fallen off to neg
ligible amounts. This means that
they now have practically no con-
troll over the banking system.
Channel For Borrowing
They have become just a con-
venient channel for the govern
The Washington times., 1934-03-03
COMMON STOCK
VALUE DROPS

The market value Of 100 rep
resentative common stocks de-
creased $606, 1913, 900, or 3.8 per
cent in February, to $15,1S4,269.'
900, according to Frazier Jelke &
Co. The February decline can
celled 80 per cent of the jan
uary advance. The market ap-
praisal of the group now is
slightly less than at the end OF
August, 1893, when the 100
stocks were valued at $15,S27''
815, 900.
In February IL of the 13 sub,
groups constituting the index de-
clined, only the retail shares
advancing and these sustaining
a gain of but nine-tenths OF l
per cent. The largest loss in
dollars was $13O,823,OOO in the
oils. The rails dropped $92'-
O65, 900.
on a percentage basis the
largest decline was in the build
ing shares which deprecated 9.6
per cent. The food stocks de-
clined 8 per cent; the electrical
equipments, 8 per cent; the
chemicals, S per cent; the rails,
rs per cent; the oils, 4 per
cent; the mines, 3.8 per cent;
the utilities, 81 per cent; the
motors, 2.6 per cent; the rail-
road equipments, 2.6 per cent:
the industrials, "a per cent; and
the steels, 81 per cent.
The Washington times., 1934-03-03
NeW Record Is Set
On Coffee Drinking

Confirming a recent study made
by the statistician Of the New
York Coffee and Sugar Exchange
which showed a direct relation
ship between coffee consumption
and cold weather, the deliveries
of coffee into consumptive chan
nels in the United States during
February totaled 1,363,516 bags,
the largest quantity for any one
month in the So year history OF
the exchange. January's deliver
les were 1,1O8,809 bags and Feb
ruary last year was 100000 bags.
Consumption for the 8 months
of the crop year from July
l, 1888 to February %, 1884,
amounted to 8,289,7O8 bags-an
increase of 1873 per cent over
the 7,315,819 bags delivered dur
ing the similar 1928 period.
The record disappearance is due
in some part to the advancing
prices Of the past few months,
which naturally has encouraged
the building up of invisible stocks.
The Washington times., 1934-03-03
3-YEAR TOP SET
BY DUN INDEX

The first of the monthly index
numbers of commodity prices,
compiled by Dun's Review, fig
ures an advance in the general
average of one-third of / per
cent for February, bringing the
index number as of March to
the highest since November l,
1890.
The advance in the general
index since January l has been
15s per cent. Since the lowest
price after the war, reached by
the Dun average on July /, 1882,
the advance has been 31A per
cent. From the high figure Of
1929, reached on March /, pres
ent prices show a decline Of Is
per cent.
In the seven groups of COM
modities for which separate in
dex numbers are compiled, three
show decline for February; these
being breadstuffs, meats and
other foods. All other groups
advanced, but the change for
the month was slight.
The Washington times., 1934-03-03
Haney Traces Profits
From Gold Flood

ment's borrowing from member
banks. It Is the big excess" re
serves" Of the latter which the
government is after.
Such reserves are the deposits
Of the member banks in the
Federal Reserve Banks, which
are in excess Of what the law
requires them to hold as a re-
serve against their customers
deposits. This excess is now at
a new high record of about
$1,1OO,OOO,OOO
This huge sum is piling up as
result Of the banks profit on
gold imports and the Govern
ment's borrowing and spending
policy-aS follows:
When the gold comes in, it
goes to the assay office, where it
is paid for with a check drawn
on the Treasury. The importing
bank deposits the check at the
Reserve Bank (thus increasing
it's "excess reserve"). The Treas.
ury meets the check by issuing
some of those gold certificates,
apparently based on it's paper
profit from devaluing gold.
Called Sheer Initiation
That is sheer initiation. 1t is
finding expression in excess bank
reserves, which are nothing but
excess Government credit.
What do the member banks do
with this credit? Mostly they
turn around and buy Government
securities - more Government
credit!
They have replaced the Reserve
Banks as lenders to the Govern
ment, and their investments" in
governments are 1.3 billion dollars
above a year ago-although their
commercial loans are lower.
Thus practically the same
thing as the old "open market
operations" of the Reserve
Banks is going on. The Gov
ernment bOrrOws and spends.
Its spending makes bank de-
posits. The deposits are called
excess reserves and are used to
buy more Government bonds,
which enable more Government
spending, which calls for more
Government borrowing, or
bonds.
Where will this tail-chasing
process stop?
There is no end till we return
to the gold standard, and we
cannot do that till we balance
the budget, and we can't do that
till we stop Government spending.
The Washington times., 1934-03-03
Chemical Prices
Advance In Week

The upward movement OF prices
of heavy and fine chemicals con-
tinued during the past week, &C.
cording to the Oil, Paint and
Drug Reporter.
Advances were made in prac-
tically all groups, the effect being
most marked in paint materials.
Some improvement in demand for
industrial chemicals was shown.
The automobile, textile, and tire
industries provided increased con-
sumption, and there was evidence
in the buying that stocks of other
consumers were getting low.
Some Of the market strength
was traceable to the fact that this
years contracts are on quarter
ly basis for many chemicals.
Higher prices included those on
feldspar, tungstate of soda, mer-
curry and its compounds, zinc OK
ide, strychnine salts, and organic
fertilizer materials. AceGamide,
menthol, and French orange min
eral we're among the cheaper
articles.
In comparison with average
prices in 1925 (as 1000, the Re-
porter's index number is now 90.4
against 1871 at this time last year.
The Washington times., 1934-03-03
PLANNED
On CORNERS

NEW YORK, March 8 G.N.sO.
The New York Stock Exchange
today adopted new form in con-
nection with listing applications
that must be signed by holders
of substantial amounts of the
stock in question.
It obligates such holders to
make available their securities for
lending if a situation approach
ing a corner is beliebed to be
developing.
In the event that lending of
the stock fails to relieve the cor
ner, the large holders also must
agree to sell, on the request OF
the committee on stock list, such
part of their holdings as is con-
sidered necessary.
The Washington times., 1934-03-03
SEARS ROEBUCK
INCOME SCARS

CHICAGO, March 3.-Rising
prices and improved buying power
among consumers combined to lift
the business of Sears, Roebuck &
Co. out of red-ink figures in 1888.
Rapid recovery in sales and profits
in the last half of the year
brought the net income to SILL
1926, General R. E. Wood,
president, disclosed today in max
ing public results Of the COM
pany's operations.
The showing contracts sharply
with that in 1892, when the COM
pany operated at a deficit of $2,-
543 1851, exclusive of extraordinary
reserve charges of $12,336,000
levied against surplus. This was
the first time since 1921 that the
company had operated at a loss.
The Washington times., 1934-03-03
CHICAGO GRAINS
TURN EASIER

CHICAGO, March 8 Q.N.SO.
Grains turned easy after a firm
start on scattered selling by pro-
fessionals. A fair volume of buy
ing orders were worked at the
opening, with prices unchanged
to 14c higher.
Early trade was quiet, with the
market chiefly influenced by &C.
ton in stocks and cotton.
At mid-session wheat was 40
1Ac lower, corn unchanged to 1sc
off, oats 1s@ @Ac down, and rye
Ac lower to 14c higher.
Liverpool wheat closed A@ 70
pence higher, Winnipeg was Ac
lower at mid7seSSion.
Estimated carlots: Wheat, q;
corn, 81, and oats, q.
The Washington times., 1934-03-03
LOWER.
At CLOSING

NEW YORK, March 3 G.N.SD.
Continued profit-taking in final
dealings turned cotton futures so
cents a bale below the previous
close after an early advance had
effected similar gains.
Profit-taking came from Wall
Street, locals, and professionals,
the chief buyers in yesterdays
broad advance, and was only
partially absorbed by a fair de-
mand from foreign and domestic
trade sources.
Final prices were off 8 to II
points, with May off 9 at 1919,
July off 8 at 1890, october off II
at 12.45, December off II at 1855,
and January off IL at 1858.
The Washington times., 1934-03-03
6. {. DIVIDENDS
RAISED HALF

NEW YORK, March 3 G.N.S)
In declaring an increase in quar-
terly common dividends, from 10
cents to Is cents a share, the Gen.
eral Electric Company reported a
net income for 1888 of $13,429, ,739,
equal to 80 cents a share, com
pared with $14,404,110, or Al cents
a share, in 1882.
The report disclosed that sales
billed in the final quarter last year
totaled $39,211,122, as compared
with $34,112,816 in the correspond
ing period of 1882.
Directors also declared the reg
ular quarterly dividend Of Is
cents on the special stock. Both
dividends are payable April Is to
stock of record March is.
General Electric common stock
responded to the dividend an
nouncement with run-up of al
most So a share.
The Washington times., 1934-03-03
News to Shake
Trade Blues

General Electric heads grist
of corporations bettering divi-
dend payments. Weeks new
bond offerings total $52,99O, 900,
hig hest since last June.
Southwestern Bell Telephone re-
ports increases in both gross
and net income. Sears Roe
buck reports net income SILL
249,295 last year, comparing
with deficit of $2,543,651 in
1882. State of New York sells
S5,OOO,OOO of three-mOnth a of
l per cent notes at par. New
York Telephone Company net
scars in February. Commodity
prices reported by Dun and
Bradstreet, Inc. to be at three
year peak. Standard Statistics
Company reports 1O1 favorable
dividend changes in February,
with only 10 lowered.
The Washington times., 1934-03-03
Prudential Assets
Climb to NeU High
By International News Service

BY International News Service
Total assets Of the Prudential
Insurance Company Of America
reached a new high Of $2,835, DOT :
O67 at the end of 1888, from
,773,769,344 at the end of 1882,
according to the annual report.
Last year the company paid
more than $455, 100000 to policy
holders in the form Of dividends
and death benefits, endowment
maturities and cash surrender
values, against $3.50, 900, 900 in the
previous year.
The Washington times., 1934-03-03
Head of Goodyear
Backs Short Hours

AKRON, March 3-No reason
able ground exists for objection by
employers against shorter work
weeks, P. w. Litchfield, president
Of Goodyear Tire & Rubber Co.,
said in a statement made public
here. Litchfield said he "was dis
appointed that there exists so
much objection to a temporary
shortening of working periods
while this surplus Of labor exists" ?"
With the surplus taken up, EN-"
ployers will begin bidding for men
and the law of supply and demand
will take care of the wage problem
as well as the problem of increased
purchasing power, he declared.
Litchfield called for simplifica-
ton of NRA activities, declaring
that it's operations have become in
creasingly complex due to concen-
tration on the cure of specific evils
rather than the causes Of these
evils.
The Washington times., 1934-03-03
Credit Is Extended
To Western Pacific
By international News Service

The Railroad Credit Corpora
ton has agreed to defer for one
year the collection of principal or
interest due this year ON the
$1,3O3, 900 loan extended to the
Western Pacific Railroad, E. G.
Buckland, president of the credit
agency announced.
The move will aid the road IN
it's plans to have bondholders
defer interest due this year until
1897 in order to avert reorganlza-
ton.
Directors of the credit corpora
ton also declared a liquidatlng
dividend of per cent to con-
tributing carriers, bringing to IL
per cent the amount OF repay
mentS.
The Washington times., 1934-03-03
Insurance Stocks
Hit NeU 1884 High

A new high for 1884 was
reached during February by in
surance stocks in New York city
market, Holt, Rose & Troster
report.
From the months low Of
36.72 on February 2, the weighted
average of twenty issues reached
the new 1884 high of 39.17 on
February 81.
The close February 28 was at
alta
The Washington times., 1934-03-03
Cold Fails to Halt
Auto, Truck Sales

NEW YORK, March 3.-Reta1l
trade is down due to stormy
weather but autos, trucks and
coal outputs have risen, payments
by checks have passed the 1882
mark, and the outlook for tool
buying and rail orders is good,
according to the business out
look department of Business Week.
Railroads recalled help to handle
the demand for coal cars. But
steel and motor centers concen-
trated their efforts on getting
out their urgently d dema n d d
wares, keeping an eye on budding
labor trouble In o few strategic
1ocaltaA&
The Washington times., 1934-03-03
Trust
Decline Continues

Investment trust securities regis.
tered a further decline during the
past week. The average for the
common stocks of 10 leading man
agement trusts, influenced by the
leverage factor, as compiled by
Allied-Distributors, Inc, stood at
1875 on March 2, compared with
1902 on February %.
The average of the non-leverage
stocks stood at 1900 at the close
March 2, compared with 1916 at
the close on February %. The
average of the mutual funds closed
at 11.56, compared with 11.61 at
the close of the previous week.
The Washington times., 1934-03-03
General Mills Pays
RequLdr Dividend

NEW YORK, March 3.-The
board Of directors Of General
Mills, Inc, today announced the
declaration of the regular quar-
terly dividend of $3.50 per share
upon the preferred stock OF the
company, payable April 2 to all
preferred stockholders Of record
a& the close Of business March IL.
The Washington times., 1934-03-03

lars was enor-
nous.
OF courS e -,
this gold can
be turned into
more paper dol
lars than for
merly, so some
one is making
a big paper
profit. Th e
b a ks which
import it make
a profit. The
Treasury n o t
only has book
ed a big prof
.Gn H. -A1I
The Washington times., 1934-03-03
Diamond Match Co.
Earnings Improved

BY International News Service
Diamond Match Company re-
ported a consolidated net income
of $2,054,51O for 1888, equal after
6 per cent preferred dividends, to
$1.64 a common share, compared
with $2,036,929, or $1.27 a share,
in 1882,
The Washington times., 1934-03-03
New York Curb List

NEW YORK, March 3 GN.S0. j..
The curb market turned in a
mixed performance in a dragging
weekend session today, with
absence Of follow.through demand
influencing irregular price changes
in the active leaders.
Metal shares were in rather
persistent demand with the
Volatile NatomaS up 2 points to
a new high since listing at SO.
Lake Shore gained 112 at 461a,
and Holinger was up 2s to new
top at 1874.
A scattering of specialties also
did better than the average, with
A. o. Smith up almost 2 points at
it's best price of 1924.
Utilities turned sluggish after
relative firmness in the early
trading.
The Washington times., 1934-03-03
BANK STOCKS

NEW YORK. March 8 G.N.s.).-Quo-
tations on the following securities are
Association of New York. There are no
official quotations This is a bid and
ask market and the actual sale of Sc
curities is often subject to negotiations.
days closing bid price for the leading
bank stocks follows
The Washington times., 1934-03-03
Dutch Conversion
LOnnS Sanctioned

NEW YORK, March 8 Q.N.So.
Official sanction Of the Dutch
government for the 4 per cent
Dutch East Indies conversion loan
has been granted, fiscal agents
here report, and books Will re-
main open until March 16.
The Washington times., 1934-03-03
DOME MINES EXTRA

Dome Mines, Ltd, declared the
usual extra of Is cents and the
regular quarterly dividend Of Is
cents, both payable April 20 20
stock oe record March %.
The Washington times., 1934-03-03
BY LEWIS HANEY
professor Of Economics, New York
University

Gold continues to pour into
the country. In February the
quantity was q record, and when
in SO cent paper dol
The Washington times., 1934-03-03

TOLEDO SEED
TOLEDO, March 8 Q.N.S).-Clover-
March, $S.25.
Alsike-March, $3.50.
The Washington times., 1934-03-03
New York Bond List

NEW YORK, March 3 Q.N.SO.
The bond market maintained its
advancing stride in comparatively
dull dealings today, with activity
bulked largely in the rail and
domestic corporation divisions.
Gains in the carrier group
ranged from fractions to a point.
United States Rubber SIS was In
strong demand in the industrial
list, rising 1A points to 79B.
General Theater IS gained l at
IL and Paramount Publix 5RS
were up l at 48la.
The Washington times., 1934-03-03

High Low lClose
The Washington times., 1934-03-03
Volume Yesterday
$13,3s0, 900

q. =. GOVERNMENT BONDS
Hinh Low ClnaA
The Washington times., 1934-03-03
BOND MARKET AVERAGES

Copyright. 1884, standard Statistics co.,
1925 Average Equals 100
NEW YORK, March 8 U.N.SO.
The Washington times., 1934-03-03
Volume Today
233,000 Shares

IHighl.Low IClose
The Washington times., 1934-03-03
Volume Today
$7,600,O 900

HIGH Low Close
The Washington times., 1934-03-03

Ohio P S Is A.. 100 100 100
Ohio P Ser TVS 46 1O2 lO2 lO2
Ontario Pow 5s 43 lO315 lO315 1881
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-01
Hollywood News

Little Anne Shirley, eager and ex-
cited over starting work in ANNE
of Green Cables" the picture which
offers her the chance of a lifetime,
was one of the first persons on the
lot the other morning because
it was the day the picture started
production Chick Chandler, all
dressed up in laundryman's out
fit, talking to beautiful girl =. but
there's no scandal even though her
name is Jean Fontaine . for Jean
is Chicks wife and she also is work
ing in Chicks new comedy -. o. P.
Heggie peeping in on an almost
empty sound stage to listen to Art
Jarrett sing a song which will be
used in THE Gay Divorce" =. tiny
Spanky MacFarland talking to
Dick Alexander on location with the
Kentucky Kernels" company and
Dick is so tall he has to stoop over
to listen to Spanky . Dick towers
up some six feet, six inches and
Bert Wheeler and Bob Woolsey
start off Immediately to get in
Spankys good graces and buy
him an ice cream cone during the
hot location trip Spanky al
ready thinks they're couple of
swell fellows" so it looks like the
Kentucky Kernels" company will
be happy family E.. Miriam Hop
kins is the coolest girl on the lot
. she dresses in shorts when not
working on the picture.