davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-06-13
Business Neps
Spotlight

Crude oil production reached
the highest point this year in
the week ended June 8, accord
ing to the Oil and Gas Journal. ..
Domestic sales Of international
Business Machines Corporation
for the year to date are the
best in history and combined
sales including foreign agencies
are the best since the record
year Of 1880 G. C. Murphy
Company has declared the regu-
lar quarterly dividend Of So on
the 8 per cent cumulative pre-
ferred stock, payable July 2 to
stock Of record June 22
West Point Manufacturing Co.
has declared the usual extra
dividend Of 81 and the regular
quarterly dividend Of 81, both
payable July 3 to stock Of rec
ord June Is.
The Washington times., 1934-06-13
v'';H; :Gss!;SsS 1;;;;S''' N. Y. Bond Quotations

NEW YORK, June 13 QN.S).
The bond market pointed higher
again today, although early trad
ing was characterized by some
hesitation.
Railroad bonds were generally
strong, with the Erie IS of 1867
and Southern Pacific ANS Of
1881 unchanged, while New York
Central IS Of 1914 rose fraction
ally.
Traction issues were again
strong, with the Brooklyn Man
haitian Transit liens a leader.
Prime investment liens were
strong.
United States Government Is
sues were steady at the start.
The Washington times., 1934-06-13
v;;s7; i:sSss y;:::' :s:::: N. Y. Curb Quotations

NEW YORK, June 13 U.Ns0.
Earlier irregularities were ironed
out Of the curb market for the
most part today as buying entered
and forced the majority Of the IS
sues slightly higher while sending
a scattering Of favorites up for
good gains. All groups were steady
although a few on the miScellane-
GUS issues were sharply lower.
In the specialtieS, Quaker Oats
added another 21a points to its
similar gain Of yesterday carrying
the stock to IFS.
The Electric Bond and Share is
sues led the utilities to higher
ground, the preferred advancing
one point and the common ".
The oils, though dull. were on
the whole steady, Standard Of In
diana proving the single exception
in the active issues. Pure Oil pre-
ferred, led the group with q "a
point advance.
The metals were firm, Hollinger,
Lake Shore and Pioneer gaining "
to " point while Teck Hughes and
Wright Hargreaves remained un-
changed.
Hiram Walker gained " point
in the brewing stocks and distillers
Seagrams maintained its frac-
tional advance.
Atlas Corporation continued
fractionally higher.
The Washington times., 1934-06-13
Chemical Prices
LOLUer For Week

There was considerable read
justment Of prices last week in
certain divisions Of the market
for heavy and fine chemicals,
according to the Oil, Paint and
Drug Reporter.
The more potent influence was
exerted downward. Consuming
demand was very light. Require
ments for the current quarter
being fairly well covered, buyers
held off awaiting contractual
quotations for the next period.
The fertilizer group, already q
low-priced one, was most affected
by the downward pressure. Mu-
riate Of potash was again draS'
tically reduced. but superphos-
phate was higher. Tin salts were
firmer.
Zinc sulphide quotations were
renewed for the remainder Of
the year. Imported tartaric acid
and quicksilver were advanced.
Prices Of vandyke brown were
higher.
The Washington times., 1934-06-13
NEW RISE NOTED
FOR OUTPUT
Of STEEL

"A speeding up Of mill operations
to meet the delivery deadline on
second quarter contracts and to
forestal possible strike interrupt
lions has raised raw steel output
from 80 to 81 per cent Of capacity,
q rate reached only once before
this year, according to the Weekly
IRON Age summary.
Although the preponderant view
IN the trade is that the strike
threat has been a minor factor in
stimulating mill activity, gains in
output have been mainly in sec
tlonS where organized labor has
been most vocal. At Pittsburgh,
where the Amalgamated AsSocia-
tion will convene on Thursday of
the current week, the ignot rate
has risen three points to So per
cent, a high rate for the year. In
the nearby Valley district opera
tionS have advanced one point to
66 per cent, also a high for 1884.
Other changes are confined to an
increase Of one point to 46 per
cent in the Philadelphia area and
q loss Of one point to So per cent
ct Buffalo.
No Effect on Scrap
The labor situation, however,
has had no effect on scrap prices.
The Iron Age scrap composite is
unchanged at last weeks low of
$1O.67 a ton and old materials
markets generally show greater
stability. It is possible that scrap,
at present levels, has discounted
both strike contingencies and the
expected lull in mill activity in
the third quarter. A settlement
Of labor difficulties, therefore,
might be followed by an upturn
In this sensitive commodity.
Protective orders for finished
steel have been the heaviest in
TIN plate and sheets products most
likely to be affected by a walkout
Of the Amalgamated Union. Tin
plate demand has been heavy
since the first of the year, not
even receding in the face of
drought conditions, and production
Is holding at rs per cent of
capacity. The forehandedness Of
large consumers, especially the
can companies, is reflected in the
Size Of their present stocks, which
b some instances are equal to
three months requirements.
To Spread Output
In the heavier products, par
ticularly in the case Of contracts
not limited to the calendar quar-
ter, production is tending down.
ward rather than upward, since
producers wish to spread their
hacklogS through the summer
months. In line with this policy
rail mill operations have been re-
duced at Chicago.
Structural steel awards, at 49,
200 tons, compare with 1925 tons
last week and 1890 tons a fort
night ago. Plate letterings total
5000 tons, while $500 tons of sheet
pi1ing was placed. Pending piling
business includes $4,000 tons for
the Grand Coulee dam in Wash
ington and 1000 tons for a Lake
Erie breakwater.
The Washington times., 1934-06-13
Tobacco Purchase
Agreement SiQEled

Market agreement under which
buyers of stemming grades Of
cigar leaf tobacco agree to pur-
chase 1s,5oo.0oo pounds Of to-
bacco at minimum prices has been
formally signed by Acting Secre.
tary Of Agriculture Rexford @.
Tugwell. The agreement covers
the year beginning December /,
1888. The agreement Is signed by
Bloch Bros. Tobacco Co., Liggett
& Myers Tobacco Co., P. Lor1llard
Co. and Scotten,Dillon Co. The
prices to be paid are approx
mately so per cent higher than
those prevailing last season and
earlier this season.
The Washington times., 1934-06-13
Department Sales
Here Un for lMnH

Washington department. store
sales for May and the first five
months Of the current year were
considerably ahead Of the 1888
record for the same periods, &C
cording to the report Of the Fed.
eral Reserve Bank Of Richmond
made public yesterday.
Department store sales averaged
22.3 per cent more in dollar vol
ume than in May, 1888, and for
the first five months the dollar
volume was 18 per cent.
The Washington times., 1934-06-13
NEW YORK PRODUCE

NEW YORK, June 10 G.N.S.).-Butter:
Firmer. Salted and unsalted creamery
higher. scoring ASH @27Ac; creamery ex-
tras, 25926Ac; creamery firsts, 22&0
36&c.
Cheese-Firm. State whole milk flats
specials, 1s@1Sc; average run, 16@16hc.
Eggs-Firmer. Nearby white spe-
eials. 1@22c; standards. 1sc; mediums.
standards. 1s019hc; mixed specials,
10@32kc; standards, 1870; firsts. ito /;
seconds, 15h @16c; mediums, 15c. Pa
cific Coast white, fancy packs, 24h0
25c; standards. 22@24c; mediums 2Oh q
size.
The wholesale price Is $31O per 100
pounds No. 1 fluid milk within the 2O1-
31O.milS gone.
The Washington times., 1934-06-13
CHICAGO PRODUCE

-13,27S tubs; unsettled; old cars, 13c;
-13,27s tubs; unsettled ;old cars, l3c:
new, 1Sc; creamery extras, 24c; stan
dards, 24Ac; extra firsts, 23K @23hc;
firsts, 22A @22hc: seconds. 21021hc;
specials, 24S @25c.
EEgs-17,7S9 cases; unsettled, old
cars, $50; new. lac; current receipts,
1S01Gc; fresh extra 81! firStss sr less thar than
less than car, 1thc; cars. 1914 @16Nc;
6irties, III @12c; checks, 11@1lMc.
Ch0ese-Twins. lax W13ho: daisies,
prints and 1onghorns. 13K @14e.
The Washington times., 1934-06-13
LOAD|NGS GAINS
REPORTED

Illinois Central Railroad during
the week ended June 8 handled
IS, ,407 cars Of revenue freight,
against 24,854 ears in the pre-
ceding week and 23,942 cars in
the like week Of last year. The
preceding week contained the
Memorial Day holiday.
Southern Pacific Railroad dur
ing the June 8 week loaded
1881 cars on its own lines,
against 22,672 cars in the preced-
ing week and 1919 cars in the
like week Of 1888.
Statistics Of total cars handled
As, akIaaH. roo de inn1ladn.
The Washington times., 1934-06-13
CHICAGO GRAINS
WORK HIGHER

s. CHICAGO, June 13 GNSO.
Grains were on the upgrade again
today under the leadership Of
corn, which advanced almost &c.
Near midSession, values were
moderately below the top, corn
being 11sc to 1Ac up, wheat asc
to Ac up. oats, 1ac to 7sc up,
and rye 5sc to 7sc up.
Trade was fairly active in the
pits, with crop news continuing
to influence buying. Offerings
generally were light.
September corn hit 6134c. Sep
tember wheat sold above 81.
The Washington times., 1934-06-13
California Output
Of Oil Ne0rs Quota

California crude oil production
for the week ended June 9 was
close to the June allowable Of 500,-
800 barrels daily. The estimated
average for the week was 497, 100
barrels, which, compared with
463 500 daily for the final week Of
May, shows an increase Of $500
barrels daily. During the compar.
able week Of 1888 production aver
aged 473,7 700 barrels.
The Washington times., 1934-06-13
COTTON PUSHES
FORWARD

NEW YORK, June 13 GNS0.
Cotton futures today pushed for
ward to new highs on the cur
rent move, after hesitating mo-
mentarily at the opening, as q
fresh wave Of buying swept the
list. Strength followed q firm
opening in grains and rallying
tendencies in stocks.
Around the noon hour, futures
were up 6 to 8 points. July was
up 8 points at 12.20c: October up
9 at 12.45c; December UP 6 at
1850. and January up z at
12.60c..
The Washington times., 1934-06-13

Volume This Year
36,126,156 Shares
The Washington times., 1934-06-13
NEW YORK WOOL

NEW YORK, June 13 IN.S.).-wool,
firm, domestic fleece, unwashed, Ohio
and Pennsylvania, 26l@S3c: domestic
pulled. secured basis, S5@95c; domestic
Texas clean basis, 6S@SSc; domestic ter
Filory' clean basis. 5s@83c.
The Washington times., 1934-06-13
RAILROAD PAYMENT

Old Colony railroad has de-
clared the regular quarterly divi-
dend Of SITS a share, payable
July 2 to stock Of record June
16.
Evening star., 1934-06-20
The Servants Responsibility.

Yesterday in New York jury con-
victed a banker of falsifying the
records of the institution of which he
was formerly the head and of misap-
plying funds. At the same time it
acquitted his executive assistant, who
carried into effect the orders of his
chief. The judge, accepting the verdict,
expressed his satisfaction with 1t as
concurrent with his own view, saying:
l think it is quite possible you could
have found the defendant Austin
guilty also. dare say that you looked
at him as l did and you determined
that he followed Harriman's instruc-
tions throughout in order to keep
position he wanted very much to hold.
This brings forward a question quite
often raised as to the responsibility
of an agent who, knowing his acts to
be wrong, persists in them because
of considerations of personal advan-
tage. Morally, and also legally, he
shares in the guilt of his principal.
His desire to keep his position is not
a Justification for breaking the law.
He can always quit his place rather
than carry out orders that he knows
to be contrary to the welfare Of those
of whose interests he is custodian.
The originator of a scheme Ito de-
fraud is, of course, the principal Of
fender. His agents carry out his
orders at their own risk, if they know
that the practice is wrong. The
tyranny of the employer who uses
them as knowing participants in a
fraud does not excuse them for their
share in the transaction. The jury
in the case just concluded should, In
recognition of this principle, have
found the agent guilty together with
the principal, and it might have
recognized the extenuating circum-
Evening star., 1934-06-20

mental system like that maintained
by France"
As to the financial situation in Ger
many the New York Sun states: 1T is
apparent that the country has been
hit harder than Hitlerite enthusiasm
has cared to acknowledge. Notwith-
standing its protestations that the
gold mark will not be devalued. gold
and foreign exchange coverage in the
Reichsbank on the issue of marks has
dropped below per cent The finan-
cial situation of that country is pre-
carious indeed. Not all the he'll
Hitler of Nazi propagandists can long
keep that fact concealed from the
German public
Several papers comment on the
former Kaisers praise Of Hitler, and
his statement of a desire to return TO
the throne. The Texarkana Gazette
concludes: People of the world place
very low estimate on the Germany
OF Hitler. They hardly could think
much worse Of it with the Kaiser
again on the throne, whence he once
threw the world into turmoil from
which 1t has not yet recovered" The
Atlanta Constitution declares: The
ex-Kaiser on the throne, with Hitler
as premier, would be some such COM
bination as that which now obtains
in Italy; but unless the former ruler
of Germany has changed materially in
character during his years of exile,
the harmony that apparently exists
between Italy's King and II Duce
could not endure long in Germany.
Evening star., 1934-06-20
A Public Service.

The settlement of the strike of
carpenters in this city, which began
May 1 and ended yesterday with q
compromise agreement, is to be scored
largely to the credit of Commissioner
Allen, who has labored faithfully and
effectively for several weeks to bring
about an adjustment of differences. to
the end that important public works
as well as private construction, inter-
rupted by the dispute. should proceed
He has shown a gratifying spirit OF
persistence in the face of repeated
failures, and the eventual agreement
has been reached TO full public salts
faction. This is an Accomplishment
for which the Commissioner should
have the thanks Of the workers and
the employers, and especially the
community which he so capably rep
resents.
Evening star., 1934-06-20

Of q committee of one branch Of Con-
gress serves notice that the real au-
thority in departmental matters re-
sides on Capitol HILL Congress can.
of course, abolish the Air Corps or
even the War Department. 1t can
cut the appropriations or rearrange
the entire layout Of any one Of the
executive branches. But this can be
done only by act Of the whole Con-
gress. Subcommittees or even whole
committees may propose, but the
House Of Representatives and the
Senate must act In concurrence. And
the executive can always veto, thus
making two-thirds Of both. houses
necessary to give effect to any man.
date of the Legislature contrary to
executive policy.
The action of this subcommittee in
demanding the dismissal of the head
of the Air Corps savors somewhat Of
the proceeding in the case OF the three
tailors Of Tooley street In London who,
during the Canning ministry, ad-
dressed q petition to the House of
Commons beginning I'VE, the people
Of England"
Evening star., 1934-06-20
DIR. Butler Takes a Hand.

From the Worcester Gazette.
The machinery by which Columbia
University awards its annual Pulitzer
prizes has been creaking for several
years. This year the creaking was
particularly noticeable, with contro-
versy, outspoken or suppressed, be-
tween juries and the advisory board
reaching q new high pitch. 1t was
inevitable that some sort Of repair
work be done II the business of prize
selection were to retain whatever
prestige 1t possesses. And President
Nicholas Murray Butler has attempted
to effect such repairs.
Henceforth, DR.. Butler has ruled,
the turies will not recommend prize
winners, but will merely submit lists
OF eligibles, from which the ultimate
awards will be made by the school of
journalism's advisory board. Properly,
therefore, the juries should now be
called advisory. 1t would have seemed
preferable, tnasmuch as the juries are
usually composed of high authorities
In the various fields affected. to let
the advisory board submit the elig1bles
and give final jurisdiction to the
juries. But wrangling should be
eliminated, In any event, and DR..
Butler is to be commended for trying
to clarity the situation.
OF course, If the juries want to be
vindictive over loss of their Importance
In the scheme Of things Pulitzer, they
might play little trick by submitting
only one eligible" candidate for each
award. thus placing the advisory
board in ridiculous plight. But the
juries probably aren't that mean. DIR.
Butler has acted. And there. 1t seems,
the matter win rest until a year
hence.
Evening star., 1934-06-20

stance Of compulsion. with penalty
of dismissal, with q Recommendation
to mercy, with the result, perhaps, OF
q suspension Of sentence, or the i'm
position Of a minimum penalty.
1t is highly important that the
courts should define the culpability Of
subordinates who share in a guilty
transaction, especially in matters
involving the care of the interests of
people Who entrust their affairs and
funds to the management and sup
posed safe keeping Of others. Con-
donement on the ground of selfish
interest Is calculated to lower the
standard Of moral responsibility on
the part of servants" however
highly or humbly placed.
Evening star., 1934-06-20
The Tailors of Capitol Hill.

A fresh aspect of the new deal,
somewhat at variance with the pre-
vailing doctrine of executive DOM
lnance in national affairs, appears in
a statement made yesterday by a
member of the House Committee on
Military Affairs in the matter OF the
request made by that body that the
Secretary of War dismiss the chief of
the Army Air Corps from his position.
The intimation is plainly given that
unless this action is taken Air Corps
legislation will come to a standstill.
One of the members, who signed the
report. is quoted as saying: THE ON
cials down town must remember that
they are working for US: we aren't
working for them"
Thus a member Of subcommittee
Evening star., 1934-06-20
SHOOTING STARS.
AY PHILANDER JOHNSON.
General Refrain.

General Refrain.
The songbirds now are in the tree,
Where blossoms promise fruit.
What they are singing seems to be
Don't shoot"
Bootleggers hurry on their way
Determined to freeboot,
That's why the brides seem to say,
Don't shoot!"
Oh, let this simple plea be heard
BY racketeers en- route;
Oh, heed the gentle dickey bird,
Don't shoot"
The conference much advertised,
Where diplomats salute,
Finds all their thought thus sum
married.
Don't shoot"
Evening star., 1934-06-20
WASHINGTON OBSERVATIONS
BY FREDERIC WILLIAM VILE.

Undersecretary Tugvell. Yankee
brain truster No. l. The insular
brain trust is here to solve Puerto
Rico's sugar problem and to discuss
agricultural rehabilitation in general.
1t consists of Carlos E. Chardon.
chancellor OF the University Of Puerto
Rico; r. Fernandez Garcia, head of
the department Of chemistry of the
university, and r. Menendez Ramos,
commissioner of agriculture and COM
merce. The three men are regarded
the outstanding economists OF Puerto
Rico, and are specialists in tropical
agriculture. Their main task is to
work out a new deal for Puerto Rican
sugar and coffee in the United States.
One Of the plans that fell by the
wayside in the recent adjournment
jam was a proposal by Representative
Blanton. Democrat, of Texas to have
printed in a single document the vari-
GUS addresses made in the House since
1927 by Representative James M. Beck
Republican, Of Pennsylvania on the
Constitution, Washington. Jefferson
MdTSQau ana SeI1S. JOilTc AIlo IOCti
Describing these brilliant addresses"
as absolutely non-partisan,' Mr.
Blanton suggested that they are
worthy Of preservation for the pa
triotic education OF school children.
While in New London for the Har-
vard-Yale boat racing. President
l. rnl~ - oil
again q yarn that Nick Longworth
used to call his prize story. In London
three or four years ago Nick met the
Chinese Minister to Great Britain, who
turned out to be a Yale man. Were
you ever at New London?" asked
Longworth, who proudly explained
that he had once rowed in the Har-
ward crew. Yes" said the Chinese
diplomat, Il was often at New Lon
don." Quoth Longworth: Did you
ever see the Harvard crew row?" The
Chinese replied: Never. You see,
was coxswain of the Yale crew."
4
Baron Maurice de Rothschild, sena-
tor Of France, was an indefatigable at
tendant at the closing sessions of the
Senate, availing himself of the priv
ilege of a seat on the floor He was
deeply interested in debate procedure,
especially the rules under which
member may speak without limit.
Hectic as the French visitor found
things, they must have struck him as
tame compared to parliamentary
scenes at Paris. Presiding officers of
the French Chamber and Senate are
armed with loud bells, with which
they are accustomed to ring those oc-
casionally tempestuous bodies to order.
Sometimes, when pandemonium RACES.
the presiding officer clangs his bell
wildly, jams on his top hat and strides
from the rostrum, which is a sign
that the sitting is peremptorily ad-
journed. There must have been
times during the recent week end
when Jack Garner sighed for a cow
bell and a top hat.
John ]. Cochran, Democratic Rep
resentative at large from Missouri,
who aspires to return to Washington
as United States Senator, inserts in
the final Congressional Record his
regular report to his constituents. 1t
begins with the proud boast that he
has participated in every House vote
taken since he entered Congress
eight years ago. There cannot be
many members who claim so faithful
a record.
(Copyrieht lq34l