davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-06

They all reflected 70 . surprising
degree the influence Of Marx and
EngelS and Of tbs First internal
tional. They fourished In the
period when the overthrow Of chat
tel slavery had cleared the path for
the development OF the national
labor movement. They reflected
the upsurge and radical mood of
the workers as the big capitalists
were coming into power. From
them there branched. in various
political directions. the later work
ing class press.
COMPARISONS WITH
DAILY"
In the best qualities Of the papers
Of those stormy years. the Daily
Worker has its early precedents.
Like them, it must depend directly
upon the workers for Its support
The Daily, however. has all the
advantages Of years OF experience,
Of International association, of
Marxisn-Leninisrn. 10 must also
learn to find the most direct, iv-
ing contact with the masses of
workers, avoiding the cheap trap
pings Of bourgeois journalism, re-
gain for the working class press that
fresh sincerity and simple appeal
which was one OF the greatest quail
ties Of the early paperA
The great Improvements OF the
last few months In our Daily and
the growing support given 1t by
the workers are guarantees that it
will become continually more eff
fectiye as a powerful revolutionary
arm OF the working class.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-06
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The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-06

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The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-06
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The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-06

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The Washington times., 1934-02-02
COTTON HIGHER
AFTER EARLY
DECLINE

NEW YORK, Feb. 2 G.N.Sl.-
Rallying stocks brought q firm
tone into the cotton ring at noon
today and earlier losses of a few
points were converted into gains.
Trading picked up considerably
on the upside in contrast to the
slackened pace prevailing in
initial dealings.
Foreigners continued to make
purchases, although on a much
less heavy scale than yesterday.
There was a fair demand from
the continent and the trade In
general. Scattered buying came
from locals, professionals and wire
houses.
Wall Street firms were on both
sides Of the market. Spot firms
and the South sold, while further
profit taking came from commits
sion houses.
Noon futures were up 2 to 8
points, with March up 6 at
1145, May up 8 at 1888, July up
Z at 11.79, october up 4 at 1876,
December up 2 at 1903, and Janu-
ary up 8 at 1912.
The Washington times., 1934-02-02
Haney Discusses Gold
Naturalization

ton Of money and credit cannot
be foreSeen. We can, however,
draw some conclusions as being
probable.
Gold Emphasized
/. 1t emphasizes the Importance
Of gold, and makes it the central
figure on the monetary stage.
This reduces any doubts about the
demand for gold and its sustained
value.
2. Insofar as gold is effective,
1t tends to reduce the purchasing
power Of the paper dollar. This
tends to raise prices. But gold is
not used as money, nor in any
real sense as the backing for dol
lars.
The chief effects G: the meas
ure will come through bank re-
serves, which will be further
piled up by using the "stabiIiza-
ton fund" to buy gold, ex.
change, and Government bonds.
Thus there will be no direct or
immediate effect on prices. No
one can say when" or chow
much"
3. It does not establish a gold
standard, but is merely a device
for depreciating the paper dollar
Dollards are not redeemable or
convertible into gold. There is no
"free gold market" And the
President retains the right to al.
ter or modify" and to make fur.
ther devaluation.
No British Agreement
4. No agreement exists with
England, and the exchange rate
of the dollar with the chief inter-
national currency is left depend
ent upon the manipulations of the
politically controlled funds" main
tained by the two governments.
Probably there will be some de.
gree Of dollar exchange stabiliza-
ton within a range of a couple Of
cents around SO cents for the dol
lar, or 6.62 francs to the dollar,
but no real basis for dollar-pound
stabilization exists. Any attempt
to hold the dollar down to a ratio
Of S to l for the pound is sure to
mean trouble.
The recent action shows that
the Administration is sticking to
the theory that gold is the con-
trolling factor in determining
price levels, and that by mark
ing up its price for gold, it can
raise other prices.
It is highly significant that the
President states that an economic
emergency exists, which requires
an expansion of credit. Credit is
debt. It means borrowing from
the future. And to take effect, it
must be forced into use.
The Washington times., 1934-02-02
CURB ADVANCE.
IS CHECKED BY
PROF|T|NG

NEW YORK, Feb. 3 UN.S0-
The curb market continued seney"
ally higher today, although the
pace Of advance tapered off COM.
siderably, with scattered irregus
larity in evidence as profit taking
developed in recent sessions.
Metal Shares Higher
Metal shares returned to prom
inence on the bull side, with
Natomas squirting almost 2 points
to 80h. ..
Parker Rustproof was a strong
spot among the specialties. chalk
ing up a gain of 2A points at 62..
Utility shares were spotty, with
nominal gains offsetting trac'
tional declines.
Oils Are Irregular
Oils were irregular. Alcohols
were dull and slightly lower.
Cities Service Common eased. !.
Selected utility bonds extended
their advance. :.
The Washington times., 1934-02-02
WASHINGTON
EGGS AND POULTRY

Eggs-Market firm on Government
graded; steady on nearbys: receipts
light. Current receipts, 22@23c; hen
1rgg.a nery whites; whit 2s@24G; Coy Goyernmegt NJ
extras, large. 25@ csc; U. S. extras, me-
24% @25%c
Live Poultry-Market continues firm !;
Leghorns. S@sc; roosters, sore; Ply
mouth Rock chickens (all sizes) 1870
22c: Plymouth Rock spring broilers.
lSQ22c; reds and mixed colors. IA 916c.
Turkeys-Young toms. IA pounds and
over 17020c: young toms: 10 pounds
Dressed poultry-Turkeys toms, 200
23c: hens. 2O@23c; roosters. 901Oc;
Long Island ducks. 16c; capons. 200
26c: keats per pair. young. $1@1.5O;
4o@5oc: rabbits. domestic, per lb.
2A@26c.
Apples-One Pennsylvania. Washing
ton arrived; unbroken cars on track
light; market steady. Virginia, Stay
mans, U. s. No l, 2L inches minimum,
$1.15@1.25; 2h inches minimum, $3.50
@i:65; ~ inches minimum, $1.769 o
minimum: s.; is @1.25; az inches mini
mum, $1.5001.65; ~ inches minimum.
$1.75 @1.85: Yorks, U. S. No. /, 2A
inches i, Oh ;n,,, minimum, soc@S1: ~ inches
AAAhiAAuHlB plSO w Loo "a ncneS mini"
mum, '1I,44O@1,50; Black TwiE. y; 8;
an inches minimum $l35@1.4O; 2%
inches minimum: $3.50, few higher;
minimum, $1.15@L25; 2h inches mini
mum, $1.S5@1,5O; tx inches minimum.
$3.50, few higher.
Vegetables
Broccoli-One Texas arrived; i broken
and l unbroken car on track. Supplies
light; demand light; market slightly
stronger. California, half-lettuce crates
punched. H $2'0S9 2.7S;
broken and unbroken cars on track
New stock: Supplies moderate; demand
ilght; hli, market steady. Florida, IN
6ushel ld hampers, Pointed type, 1850
1;5O. Old stock: Supplies light; demand
slow; market dull. New York. SO-pound
sacks Danish type, $1.50Q1.75.
Carrots-Two California arrived; 2
Supplies moderate; demand light; mar
punched. $1.26@1.35. ~ ~''''
Cauliflower-one California arrived.
ket steady. California, pony crates,
Celery-No carlot arrivals: 8 broken
and unbroken cars on track. Supplies
Florida lO-inch crates, washed, to 6
dozen. 81; California, one-half crates,
washed. to dozen, 81
Lettuce-Two California arrived; 7
broken and unbroken cars on track
Western stock; Supplies moderate; de-
mand light; market steady. California,
Western crates. iceberg type, 40 dozen,
50 a S.2b. Southern stock: Supplies light;
demand light: market steady. Florida,
Z -bushel hampers, Escarole, $1.25; Big
Boston type and Romaine, practically
no supplies on the market.
Onions - No carlot arrivals: un-
broken cars on track. Supplies rnoder-
ate; demand light: market steady. In.
The Washington times., 1934-02-02

dollar weighed 25.8 grains (9-10
fine). The New Deal gold dol
lar at the moment weighs about
1873 grains CBut you can't get
one to prove it,.
At the same time, the Gov
ernment's price" for gold lin
paper dollars) is raised from
$34.45 an ounce to $35.
Apparently these slight changes
were made for psychological ef-
feet, to give a little indication
of desire to depreciate dollars
and raise prices. It is simply i'm
possible to maintain that these
fractional changes in a nonexis-
tent gold dollar are based upon
carefully determined require
mentS.
The Government now agrees to
purchase gold at the mint at $35
an ounce, but subject to limita-
tions. It will not buy boarded gold,
nor imported gold unless entered
in the custody of the customs, and
declared as being for sale to the
mint. It will also "sell'' limited
quantities for use in the arts and
industries, at the same fixed price.
Reserve Certificates
Gold certificates are to be given
to the reserve banks for their
gold, but only in denominations
of 100000, and payable in dol
lars" (Which may be reduced in
gold contenD.
The two billion dollar "Stabili-
zation fund" now goes into
operation, giving the Govern
ment the power to manipulate
bank credit which was formerly
exercised by the reserve banks.
The results Of this vast expert
ment in Government manipula-
The Washington times., 1934-02-02
Maturity of Bonds
Offers O. Problem

Gelsenkirchen Mining Corpora
ton has notified American holders
Of its SiX-year 6 per cent notes
that because of difficulties encoup,
tered in connection with the Sc
curities act of 1888 it is imprac-
ticable to make a new offer 10
holders residing in the United
States for exchange or extension
Of their securities.
Anticipating maturity Of the
notes on March l, 1884, the COM
pany made an exchange offer on
June 80, 1888, but announced sew
eral weeks ago that it could not
be declared operative because Of
technical difficulties resulting
from the German transfer mora
torium. Under existing German
foreign exchange regulations, the
company is not permitted to pay
the principal of the notes at their
maturity in dollars.
Whether such principal can be
paid in whole or in part in blocked
reichsmarks depends upon the de-
ciSion Of the German minister of
economics, who has not yet made
any ruling in regard to such pay
ment,
The Washington times., 1934-02-02
Hog Market ActiUe
And Values Higher

CHICAGO, Feb. 2 uN.S3.
The hog market was very active
and Csc higher today, with top at
$4.25, the highest in nearly three
months. Increased orders from
the Government made competi.
tion unusually keen, and some Of
the regular buyers were squeezed
out. Most of the good hogs sold
at $4@420.
The supply of cattle was $500.
Quality was plain and prices!
steady for practically all bovina
stock. Steers sold slowly and the
COW trade was fairly active.
Stockers and feeders showed no.
change.
Sheep receipts were 5000. with
the market steady to strong. ~
The Washington times., 1934-02-02
DOOMED.
BY SLASH IN
BANK RATE

NEW YORK. Feb. 2 UN.s0.
The bond market obtained fresh
stimulus today in the unexpected
rediscount rate cut by the Federal
Reserve, and moved up briSkly to
new high ground on the advance.
Rails were again outstanding,
with the Erie Is Of 90 up Ia
points, Baltimore and Ohio IS D
up /, and smaller gains general.
A few Of the Federal liens were
up rather sharply, with the Treas.
ury 4HS and the 3As in the lead.
Among the investment grade
Issues, Atchison General Is and
American Telephone 5laS were
active.
The Washington times., 1934-02-02
Treasury Gold
All Jumped

Instead Of being divided into
gold coins and bullion, the
daily Treasury statement for
January 80, issued yesterday,
Jumped gold into one figure,
S4,O29, ,O92, 1888. The new value
was 6,SS2,O33,5O6-a profit Of
S2,792,94O,577 on the 59.O6 valua-
ton.
Reference to the gold fund Of
the Federal Reserve Board was
omitted. That fund has been
q p pr o < mateIy S1,761.S40,O00.
Gold certificates, outstanding,
were S1,126,234,369. The gold
certificate fund of the Federal
Reserve POard amO, .nted to $2,.
567,771,258.
The redemption fund for Fed.
eral Reserve notes was listed as
S43,355,766; gold reserve, $780,
O39,OSS; gold in general fund,
S135, ,692,O56.
The Washington times., 1934-02-02
Good Business
NewS Notes

Favorable dividend changes
in January highest, unfavOrable
fewest since December, 1880,
Standard Statistics reports. :.
Market value of 100 stocks
highest since August, 1881, ac-
cording to Frazier Jelke and
Company compilation. Cotton
consumption of U. s. mills for
first five months of season best
In four years, says Bureau Of
Agricultural Economics .Ryer-
son and Son net $3O1,49O in
1888, comparing with loss Of
$255,488 in 1892. Electric power
production last year rs per
cent above that for previous IL
months. Interior Department
announces ... Standard Brands
net for December quarter, IS
cents q share, against 20 cents
In like 1892 period.
The Washington times., 1934-02-02

diana. Michigan and Ohio, SO-pouno
SafEs P.s.oDs yeGsS M.xso !. s. HG SGr1.d Il s broken
cars on track. supplies moderate; de-
bushel hampers, $2.5o@2.76.
0r9Hsa and InbPken 1Gfho "rrysS ears
light; market steady. Maine. 1OO-
pound sacks Green Mountains y. 8. No.
1. $2.25@2.35. New York. 1oo-pound
Long Island, 1OO-pound sacks, Green
Mountains U. s. No; /: S2.4o0z:6o:
banks. U. S. No. l, $2.60@2.66.
Spinach-One Texas arrived; broken
and 2 unbroken cars on track. Truck re-
cepts light: supplies moderate; demand
light; market steady. Bushel baskets;
Texas, Oc@$1; Virginia 60@75c, accord
ing to condition
strawberries-No earIot arrivals: NO
cars on track. Truck receipts moderate:
supplies moderate; demand light:
market dull. Florida. ss-pint crates.
s3.6O@425 per crate: S2-auart crates
Sc q $50; poorer. $5@5.50.
Sweet Potatoes-No carlot arrivals;
1 unbroken car on track. Truck receipts
light; supplies light: demand light;
market steady North Carolina. buShel
baskets. Puerto Ricans 76@S6c.
Tomatoes-No carlot arrivals; un-
crate; demand slow: market dull.
Florida. lug boxes ripes and turning.
wrapper, 6x6 and larger $2.00@2.60.
fair condition. $3.50.
Mixed Vegeta bles-No carlot arrivals:
8 broken and 4 unbroken cars on
track.
Green Beans-No carlot arrivals; !
broken and unbroken cars on track.
Express receipts moderate: supplies mod.
crate: demand light: market steady.
Florida. bushel hampers. green. flat type.
$500.
light; market steady. Florida, bushel
hampers. $3.OO@3.50.
NEUTRALITY-SUSPICIOUS. stock supplies
light: demand light; market steady.
FLORIDA, per dozen. $3.50.
EggDlant1suDDissa ot.sav light; F3rss a'mnRe r..
b1shel ] craets. :2.5O@S.OO.
Peppers-supplies light; demand light;
crates. mates' green. ss.5O@4oo.
Squash-supples moderate: demand
light market steady. Florida, oushel
hampers, white wrapped $202.26.
Kale-supplies moderate: demand
baskets, mostly around soc.
Oranges-One Florida arrived;
broken and unbroken cars on track
Florida, truck supplies liberal; bushsl
baskets, $1.25@L66, according to size
and grade.
broken and unbroken cars on track.
Florida: Truck supplies moderate;
bushel baskets, $1.25@1SO, according
to grade and size.
Tangerines-No carlot arrivals; NO
cars on track. Florida: Truck sup
plies moderate; bushel hampers, S12S
also.
The Washington times., 1934-02-02
Insurance Issues
ShOU Sharp Gains

In their best rally since April,
1888, insurance stocks in the New
York City market registered a net
gain Of 20.6 per cent in January,
according to Holt, Rose and Tros.
ter.
The weighted average Of 20 lead.
ing issues opened January 2 at
30.29. reached the months high Of
$500 on January 20 and closed
January 81 at 1858 for a net gain
Of 6.24 points or 20.6 per cent.
This was better than the indus
trials and utilities, which meas
ured by the Dow-Jones averages,
showed net gains for January of
6.S per cent and 1876 per cent, re-
spectively.
The Washington times., 1934-02-02
Demand for Spots
Fair at Liverpool

LIVERPOOL, Feb. 2 G.N.S0.
There was a fair demand for
opening spots in the Liverpool
cotton market today. Prices were
firmer. Receipts amounted to H.
900 bales, including $500 Ameri.
can.
At noon middling fair was 7.34d,
strictly good middling 6.89d, good
middling 6.59d, strictly middling
6.44d. middling 6.29d, strictly low
middling 6.14d, low middling
5.S9d, strictly good ordinary 5.69d,
and good ordinary 5.39d.
The futures market opened
steady, with March at GOOD. May
5.98d, July 5.99d, and October
5.98d.
The Washington times., 1934-02-02
CHANGE ON CLOTH

NEW YORK. Feb GN.SD.-Prices
for leading constructions in the coarse
yarn cloths market today were little
changed, with total sales for the day
assuming only moderate preparations.
There was a tendency on the part Of
many selling houses to withdraw from
buyers were unwilling to pay ad-
vances and picked up fair quantities in
other houses offering goods at no
change.
Traders are generally realizing that
bulljsh factor. is not an occasion for
setting in motion any wild market. Mills
are very we'll Sold converters and print
ers have no large commitments and fin
ished goods are being taken in good
amounts.
The Washington times., 1934-02-02
Quebec POUer Net
Declines Slightly

Quebec Power Company reports
for the year 1888 gross earnings
of $2,825,561, and net earnings,
after operating and maintenance
expense and interest, including
exchange on bond interest, but be-
fore depreciation, of $1,000,S81.
These figures compare with a
gross of $3,109,298 and a net be-
fore depreciation of $1,253,960 for
the previous year. After trans
fers to depreciation and contin-
gency reserve, and payment of
dividends, the company's surplus
at the end Of the year, subject to
1888 income tax, was $315,747,
compared with $307,102 at the
end of the preceding year.
The Washington times., 1934-02-02
LOUISVILLE

LOUISVILLE. KY. Feb 2. INs.).
Cattle-Receipts. 100; supply very light:
market generally steady at weeks de.
cline. Common to medium steers and
heifers. $500 4.25; cutter grades down
to S3 or less; better fed offerings, $4.60@
$50 and above. Bulk beef cows, S2.2S0-
ais; practical top, IS. Low cutters and
cutters, $1@2: sausage bulls, So down.
common to medium native stockers and
feeders $25O@3.50: we'll bred beef type
stockers, $3.50.
Calves-Receipts 200: market fully
steady and strong. Better vealers. $3.50
@S.5O; strictly choice, 81. Medium and
Hogs-Receipts, i, 400; mostly $50
higher: weights from 11o-1s5 pounds
steady; 17O-21O pounds. S426: 2l6-24Q
pounds, &4.05; 245-270 pounds, $S.S5; as
pounds up, $S.75; 14o-1S5 pounds, 50 76i
pounds, $3,25; sows. sass; Stagss'
$1.5S.
sheep-Receipts 25: market fully.
steady. Medium to good lams. $500
$50. choice, IS; bucks discounted per
cwt. throwoutS. $3.50; fat ewes $40
$50.
The Washington times., 1934-02-02
GRAIN FUTURES
LACK ACTIVE
SUPPORT

CHICAGO, Feb. 2 Q.N.S)-
Grains worked lower in today'S
dealings. apparently reflecting
lack of active buying support
rather than heavy liquidation.
Wheat was off y to 1Ac at
the opening, then made a slight
recovery May recovered to 91Ac
after opening at 90sc.
Near mid,Session wheat was u
to 7sc lower with May showing
the least loss. Corn was 1sc Up.
Lower cables than expected and
q mixed opening in stocks in
fluenced the selling here.
The Washington times., 1934-02-02
PITTSBURGH

PITTSBURGH, Feb. . GN.s,).-Hog
receipts, $500; holdovers. 500: market
active. 10c. mostly csc higher; lSo-1Se
10000 lbs. S4.45@A60; 26O-220 lbs.s
$4.10@A40; 25O-29O lbs, 34.ooG+.1O; 29O"
$50 lbs. 34OO94.1O; packing sowS
$2.75@3.25; 1o0-1So lbs. pigs 5000
Cattle-Receipts, so; market steadyt
X-steers (9O0-1,1OO 'bs.), good. SSg 5.sSt
medium, $3.50 common S.2oY
4.25; X-steers = D-1'3o0 lbs0, Sooa'
S500@5.40; mel Ill $500 500; X
steers Q,3oO-I5 500 lbs.), good, t47S9
635; X-heifers (55O-85o lbs), good
$4OO@45O; medium, $500 q 400; com;
$50: common and medium. $500 o 5000
low cutters and cutters. 81. 1.oo@?0o: bulls
(yearling exc). good (beeD, $500 o@%OSS
cutter medium, &2.0oG3.oo. =.
The Washington times., 1934-02-02
NEW YORK PRODUCE

NEW YORK, Feb. C.NS0.-Butter
steady to firm: salted and unsalted; ;
creamery higher scoring, 24026; cream
cry extras 23% @25. creamery firsts, 81
@241a.
Cheese firm; state whole milk flats
specials 1893, 1s019; average run, 13@
1917; Wisconsin whole milk. fancy
young Americans. 14A @14%.
Eggs firm; nearby white specials, 25;
standards, 24h @24N; mediums. 2S% %
24A; nearby brown specials 26@26As.
standards, 25@25h; mixed specials,
25A OPS; standards, 24% Q25; first.
24h 024%; mediums. 23%24; Pacific
coast white, fancy packs. 25a q 26; ;
standards, 25@25h. mediums. 24@24h
The wholesale price is $223 per 100
pounds No. fluid milk within the
201-210 mile zone.
RULE FOR ADD
The Washington times., 1934-02-02

where all Of us
h a d assumed
we were. The
only difference
Is that the gold
content of that
mysterious and
unto u c h a b ! e
"g Id dollar"
Is made .06
per cent of the
real gold dollar
we US e d to
know, instead
of so per cent,
as most of us
had guessed.
The Washington times., 1934-02-02
EAST BUFFALO

EAST BUFFALO. Feb. . UNs).-
Hogs-Receipts 2SOO. Holdovers 50.
Active. unevenly 1595oc higher with
desirable, 150-24O pounds, sass; some
what palmer kinds, $3.50; few, 1S0'
pounds, selections, 4.75; 25o.3oo pounds,
$4@45O; 120-140 pounds. $S.760G.a6;
packing sows, s29O03.35.
Cattle-16o. Good yearing steers. S2S
pounds, steady to strong. $6.25; cows,
mostly 25c higher; cutter grades, &1.7S
$3.50; fat cows and medium bulls,
$3G3.25.
Calves-3oO Vealers active: strong to
mostly soc higher: good to choice, 50;
common and medium, $6Q650
Sheep-1,2O0. Lambs, 25Q40c highI
err good to choice woolskins. S97S:
mixed lots and good lambs, &9.25@'
$50; shorn lambs $3.50 down.
The Washington times., 1934-02-02

steers and cows steady; Gamer and
medium cows $1.5092.
Calves-Receipts, 800: trade slow
weak to soc lower. Good to choice
vealers. mostly, $s9S.5o.
Sheep-Receipts, 500. tat lambs steady
to strong to 95 cents higher. Most good
TO choice fat lambs $9.25 99.50; medium
and out grades. $69S.
The Washington times., 1934-02-02
LIVESTOCK MARKETS
CHICAGO

CHICAGO. Feb. 2 G.N.s).-Hog-
s426; bulk. ss.8S042o: heavy, ss.sOS
40; heavy, 33.sO@415: medium, $40
AS: light, $s.so@L25: ligth lights,
$3.so0A1O; packing sows $2.S59S.6O;
pigs, $2.5O@3. Holdovers' 1000.
Cattls-2,5o0: steady. Calves, 1000;
steady. Beef steers: Good and choice $6
@7.26; common and medium, 81
tie: Heifers, 1905; cows. S2.76@4;
bulls, &2.50@4; calves. S407.5O: feeder
steers, Ss04.b0; stocker steers. 32.76@
I; stocker cows and heifers, $500
sheep-sOOO; steady. Lambs. $500
9.35; common. S506.5O: yearlings, Ss
o.; feeders, $S.5O@75O: ewes. SAG
CLEVELAND, Ohio, Feb. 2 (IN.S.).-
Hogs-Receipts, 800; actrive trade on
all grades; most sales steady to is cents
higher: extreme top, A.15 paid for
strictly choice 150-2sO pound hogs.
Cattls-Receipte, 900; demand narrow
Tor all grades; few sales. Desirable