davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-02-03
ST0CKSAREF|RM
IN ACTIVE TRADING
Rails, Merchandising Shares
Market Leaders With
SpeciaIties.
BY VICTOR EUBANK.


NEW YORK. February with the
gold rush from Europe to America
apparently gaining momentum. stocks
today turned up vigorously and more
than regained their declines Of the
previous session. Rails and merchan-
dising issues and specialties. were In
demand and advances of / to 2 or
more points predominated. The close
was firm. Transfers approximated
2,150.O00 shares.
The dollar was an erratic mover in
foreign exchange markets, dropping
more than cents at one time in
terms of sterling, then recovering
portion Of the loss. French francs
also moved up with the pound. and
other European currencies followed
suit
Equities received their first encour-
agement from grains in several days.
Wheat came back more than cent
bushel before noon. Cotton was
again moderately higher and other
commodities displayed a steadier tone
than recently.
Rail equipment stocks were given
a play, American Locomotive advanc-
ing nearly 8 points, while Baldwin
Locomotive and American Car &
Foundry were up / to 2. The more
active carrier gamers of to in
cluded Union Pacific, New York
Central. Baltimore g. Ohio and Santa
Fe. Among others up as much were
United States Steel, Du Pont. Chrys-
Ter. Case, Montgomery Ward. Sears,
Roebuck Auburn. Allied Chemical.
Loew's, United States Pipe g. Foundry.
American Rolling Mill. American
Commercial Alcohol and International
Harvester. American Telephone was
about unchanged and the aircrafts
were still in supply.
The turnover in stocks was about
double that of last Saturday. Brok-
erage houses said there was an ex-
pansion of public participation, with
considerable switching from long-held
issues into more active shares Only
small buying, though, was reported
from estate, trusts and investment
trusts and some foreign accounts
were said to have been taking profits
Shares of some of the companies
found new follovings upon advices
from Washington that the admins
tration planned to establish a bank
for the purpose of financing export
trade. especially that to Russia and
South America.
Evening star., 1934-02-03
NEW YORK BANK STOCKS
NEW YORK, February 3 R.-Over.th,

COUNTER market.
Evening star., 1934-02-03
ON THE NEW YORK STOCK EXCHANGE

Stock Sales Net
High Low. Dividend Rate. Add High.
38h 36 Royal Dutch a1.O71s 38 37t SO
Evening star., 1934-02-03
U. S. TREASURY POSITION.
By the Associated Press

The position Of the Treasury February
was; Receipts. S:.sl6a'.o.5s7 20: ex-
penditures. SSu,5nl .4'i5 - teXcess of
creditsl: balance. S4.434 7l3.l55.lS: GUS
toms receipts for the month. Sl.3es,-
9l39O
Receipts for the fiscal year fsince July
II. S4.4a5.I34 459. Ii; expenditures S:i,-
5.l 4OI.52l .96 Including 81 .sS0.2:i...-
of receipts. 913.1l6,g31.2O
Receipts for February l. 1888 fcom-
pa rable date last year.. $50. 81 .s49 -;
expenditures. SI41.42o.21.1. .1.lS; net bal
snce. S463 60i .43O.41: custom receipts
for the month. sac a61 "a.
Receipts for fiscal year. S6.Oa4 .19l.-
a1S.3s; expenditures. Sr.:i6. Il 0.oO5 So
excess of expenditures over receipts ST.
2.:'l S.521.6l. exclusive of S593.09l,-
ssl.3S expended for the ReconstructIol
Finance Corporation
Evening star., 1934-02-03
BANK RESERVE RATIO
UNCHANGED IN WEEK
BY the Associated Press.

BY Inc ASS0clated PlrsS.
The ratio of total reserves to de-
posit and Federal reserve note liabi!-
tiles combined of the Federal reserve
banks was unchanged during the
week ended January 81. as the rec
ord was compiled by the Federal Re-
serve Board. In the table that fol-
lows the reserve ratio is given for
comparable periods. as announced by
the board:
Week ended January 31... 81 q per cent
Previous week k.......... - S per cent
Same week last year. 90 L per cent
Evening star., 1934-02-03
,tion, took the anticipated downward

alton, took the anticipated downward
slide today.
Its drop was not precipitate, but
nevertheless 1t was sufficient to regis
ter a loss Of 3 cents to the pound
for the day. the closing quotation be-
ing 4931a to the pound, as compared
to the overnight quotation of $4.901a.
After firm opening at 4.Ss1a to
the pound selling orders appeared and
these, not meeting the commercial.
repatriating and gold purchasing de-
mands of the last two days, resulted
in a steady decline Of the dollar
pound rate, to finish at the days low
point for the devauled American
dollar.
The foreign exchange market was
Evening star., 1934-02-03

Sales of Stocks on New York Exchange
11:00 AM...... $4,000 1900 Noon 2Os0.0 900
Dividend rates as given n
cash the latest quarterly hayeary
declarations
Unit Of trading less than 100 shares tPartly extra.
tPlus go Paid reguar rate bPay-
ePayabe in cash stock
Plus SO in stock 81 special preferred stock
h Ex-dividend
Evening star., 1934-02-03
Tadsco Sales Corp.

2Sas 81 Nanadium Corp. 80.
So. Ala Van Raalte. 80.
3O7s 24as Wick Chem (2).
81 3h Va-Car Chemical.
25ia l4ls Na-Car Chem SO pf
SIs Az Va Iron Coal e. c.
66i, So Vulcan Detin th3). /.
Evening star., 1934-02-03
SUGAR IMPORTS DOWN.

NEW YORK, February (P).-Im-
ports of raw sugar into the United
States totaled 4,l86,455 tons in 1888.
o decrease Of Al per cent from 1882,
says B. w. Dyer 6 Co.
Evening star., 1934-02-03
Temporary Insurance Urged.

Legislation affecting the Federal
Deposit Insurance Corporation is be-
ing sponsored by Senator Vandenberg
of Michigan. He proposes to repeal
the permanent provisions of the de-
posit insurance law and make per-
manent the temporary provisions
guaranteeing deposits up to $4,000
only. Under his plan, unlimited as
sessment against banks would be re-
moved.
Unless new legislation is effected,
all banks which are members of the
Federal deposit fund will be subjected
after July l to unlimited assessment
if nee eSsary, to meet losses sustained
by closed banks whose deposits were
insured under the law. This feature
has been subjected to strong criticism
by banking institutions. which con-
tend the banking structure would be
weakened by unlimited assessment
against stronger banks for needs of
weaker banks
General discussion of proposed
changes in the deposit insurance law
will come before the Senate Banking
Committee soon. Washington bank
ers are intensely interested In this
law, the permanent plan being in
wide disfavor here.
To the rank and flle' of depositors,
however, all deposit insurance plans
look good.
Evening star., 1934-02-03
only fairly active.

only fairly active.
All leading gold currencies eased
somewhat on sterling. the French
franc finishing at 77.S7 to the pound.
as compared to the overnight figure
of 77.50.
PARIS, February ; R.-Three per
cent rentes. "a francs IS centimes;
AZ per cent rentes, 80.25.
Exchange on London. 77.45. The
dollar was quoted ut l5.72.
Evening star., 1934-02-03
DOLLAR WEAKENS
SLIGHTLY ABROAD
Closes at $4.931a to Pound, or
8 Cents Below Fridays
Level.
3y the Associated Press.

BY the Associated Press.
LONDON, February 3.-The United
States dollar, which for two days has
persisted in strengthening appreciably
instead Of falling. as generally ex-
pected upon announcement Of revalu-
Evening star., 1934-02-03

NEW YORK. February (P.-Shoe
sales are running per cent ahead
of last year, according to reports in
retail circles here. Stores are buying
on a conservative scale, it is said.
Evening star., 1934-02-03
SILVER QUOTATIONS.
SHOE SALES LARGER

NEW YORK. February tP).-E,r
silver firm. - higher at 44ls.
Evening star., 1934-02-03
TOBACCO MARKETS.

LEXINGTON. Ky. February 3 R.-
Burley tobacco sales yesterday totaled
1881. an average Of 1850. The average
was the second highsst Of ths season.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21
By Harry Cannes

sible for the government forces to
dislocate them That is precisely
why this major movement was
made in view of the heavy concen-
tration of armies and imperialist-
supplied bombing planes against the
Kiangsi district. The whole move
ment is one of strengthening the
Chinese Soviets, roofing them more
firmly in the soil, and continuing
the struggle on a greater scale
against the rotten and dying Kuo-
mintang regime.
To continue with Mr.. Whang's
article: THE Typographical adj
vantages alone will make their 1.-THE
CommunistS'l position impregnable.
Be it noted that the Marking gov
eminent has spent five long years in
attempting to eradicate the Red
banditry in Kiangsi, but has not yet
achieved its desired objective. Then
how long will it take to purge
Szechuan, once it has been con-
taminated with this Communist
curse? 1t sounds really unbeliev-
able that in a province where the
largest provincial army has been
maintained at the expense of the
people, the ill-equipped marauders
can move freely and capture city
after city from the hands of pro-
vincial forces"
Alarm Over Soviet Growth
Here there ic no iIIIoi1a iOf, ovnr
the movement Of the Red Army
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

who routed the bonus marchers, and
who at present is labor conciliator
out in California.
Anyone who knows Philadelphia
will realize that such maneuvering
indicates close ties with Atterbury
of the Pennsylvania Railroad, the
biggest American railroad, whose
control is shared by Kuhn, Loeb
and Company and the Morgans.
Many puppets are competing for
the job of the American fuehrer.
Glassford, General Douglas Mac
Arthur, and Butler himself, despite
his demagogy. But the power that
pulls the strings and directs all the
actions Of Roosevelt, is the power
of monopoly capital.
There has been a continual de-
cline in the powers and functions
Of Congress and corresponding in
crease in the powers and prestige
of Roosevelt and the N. r. A. off,
Gals. 1t is Richberg as the head of
the N. R. A. who is second in COM
mand, and not the older organs of
the government So marked has
this tendency become that recently
the Economist" the economic jour-
nal of the British ruling class, said
that the present reorganization OF
the N. R. A. signif1ed the final stage
in the drive of the American CAPT.
talists to set up an open fascist
dictatorship.
Who will lead the fascist parade
"on white horse" is not the most
important factor. The point of
greatest significance is that the
whole set-up of the New Deal APP
paratus shows that Roosevelt is
carrying out the determination of
the capitalists to establish the open
dictatorship of big business along
the lines suggested by Gerald Swope
in his plan of two years ago.
1t is not commonly realized that
all of Roosevelt's actions have
been leading UP to what Swope out
lined in his fascist plan. The N.
R. A. set-up, the Partially toward
company unions, the strengthening
of the monopolies, the throttling of
the small business men, all have
been taken from Swope. And the
very latest steps in the reorganiza-
ton of the N. r. A. are in har-
mony with Swope's principle that
business should openly administer
not only the N. R. A. codes, but the
entire life OF the country.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

S, 6 and 7, 1885. Both parties are
actively building a broad, repre-
sentative Inter-County Sponsoring
Committee for the Congress, with
tentative plans for making it a per-
manent organization for unemploy-
ment and social insurance.
The sponsoring committee is call
ing conference of workers and
fraternal organizations of Lyons,
Seneca and Ontario counties to be
held in Geneva, Ontario County, on
Sunday, Dec. 16. Plans will be
made at the conference for the
election and sending of local dele
gates to the National Congress for
Unemployment Insurance. The con-
ference will also lay plans for a
broad, democratic, united organiza-
ton to carry on the fight for the
Workers Unemployment Insurance
Bill and for popularizing the ques-
ton of unemployment insurance
among the workers and farmers in
the three counties.
Special efforts are being made to
get all locals of the American Fed
Grafton of Labor to endorse the
Workers Bill and the National
Congress call, and to elect dele
gates to the National Congress.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21
Chinese Sove Enlarge Territory by Westward Move Sechuan
Abandoning Exposed Position Turn eraed Defeat Into Big

from Kiangsi into Szechuan. In
fact, there is alarm over the greater
power, the greater territories, and
the growing fighting ability of the
Soviets in China in their new cen
trail province.
Another writer in the same mag
azine of Oct. 20 takes up the dis
cussion, WHITTIER Szechuan." Mr..
G. Y. w. Meng writes: "Szechuan
is large inland and populous prov
ince. 1t has more land and more
people than any country of west
ern Europe. Szechuan is very
rich in mineral wealth. Coal, cop
per, silver, gold, petroleum, lead,
zinc, sulphur, saltpeter, gypsum,
nitrates, Jade, mica and asbestos ex-
ist in paying quantities"
Besides, the millions of peasants
and workers in Szechuan are re-
voting against the militarist rulers
joining the Soviets and the Red
Army to achieve the agrarian anti
imperialist revolution. The very
story of the victory in Szechuan
Province grows out of the tales of
defeat published in the foreign cap
italist press.
The March Into Szechuan
In the summer of 1882, at the be-
hest of the Hankow British Cham
Der of Commerce, Chang Kai Shek
attacked what was then known as
the Red Lake (Eiu Hung Soviet
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21
Newark Holds
United Protest
On Fascism
Communist and Socialist
Youth Join i'm Mass
Picket Line

NEWARK, N. j., Nov. 20.-Sing-
ing the International with fists up
raised in the Red Front salute, more
than 1000 workers under the joint
leadership of the Young COMMIT
mist League and the Young Peoples
Socialist League brought to a con-
clusion one of the most effective
united front actions ever held in
this part of the country.
The members of the two groups
merged in mass picket line by
Encouragement before the Church
of the Redeemer at which the fas-
cist propaganda, Lawrence Den
mis-, appeared to make plea for
fascism at the invitation of Rev.
Garner, pastor of the church. The
clergyman, shaken by the storm of
protest aroused by the announce
ment of the meeting, tried at the
last minute to give it the semblance
Of debate by inviting a Socialist
fellow minister, DR.. Frank B. King
don, to share the platform with
Dennis.
Despite the efforts at provocation
by a large police mobilization and
a handful of Trotzkyites, the picket
line Of 1000 workers and students
held their ground before the church
building to the applause of the
large crowd Of workers from the
dwellings in the neighborhood.
The fighting spirit of the crowd
reached its height when a band of
rs uniformed fascists marched into
the church in semi-military forma-
ton.
Following the picketing the anti
fascist workers held a mass meeting
at a nearby church. The meeting
was addressed by Seymour Pitch,
State Organizer of the Young Peo-
pies Socialist League; Milton Fried
man of the Y. P. S. L., and Frank
Carlson of the Young Communist
League. Socialist and Communist
speakers alike called on workers
/ everywhere to regard the Newark
united front as an object lesson in
unity, which would strengthen the
fight of the working class against
the onslaughts of fascism.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

district. This place was surrounded
ana Comrade Ho Lung led a re-
treat OF 5000 out of 10000 soldiers
OF the Red Army. They marched
northward, and then over to
Szechuan, where no Soviets existed.
Since then they have won victory
after victory, increasing the Red
Army to over $4,000, and threaten
ing the leading industrial city.
Chungking.
Being mountainous province. y
writes Mr.. Meng, "far more noun
famous than the Province of XII
angsi-Nanking should realize at
once that the Communists, who are
now making rapid advancement
into Szechuan, should be stopped at
once. Once the Communists settle
down and establish themselves in
that province, it will prove a hard
task for Marking to exterminat
them-a far more difficult task than
the suppression of the Communist
trouble in Kiangsi."
What the American capitalist
press wants it's readers to consider
a hopeless defeat, is in reality and
undeniably strategic movement
for consolidation of the Chinese So
VETS in their strongest sector, open
ing the vista of greater development
of the agrerian anti-inperialist
revolution and an immediate extern
sion of the Chinese Soviets.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

China and the Red Army have de-
cided on a strategic move which
will gain them more territory and
put them in more impregnable
position against the new methods
of attack carried out by Chang Kai
Shek, chiefly with the aid of the
Roosevelt government.
The Red Army of Kiangsi early
last month, with the support of the
Red Army in Kweichow Province,
made an attack on the Kwantung
Kuomintang Army led by General
Chen Chi Tang. The objective was
to drive General Chen Chi Tang's
army to Suchow, open path for
a westward march, and to join
forces with the Szechuan Red Army
which was gaining victory after vic
tory. The movement was a COM
plete success. General Chen Chi
Tang was forced to entrench at
Suichow, and the great bulk Of the
Red Army moved westward, pre-
senting a greater threat to the
Kuomintang and charging the total
Soviet territory throughout China.
This fact is admitted by the i'm
perialist press and by Chinese Kuo-
mintang writer's in China.
What Chinese Press Says
This does not mean that the So
viets in Kiangsi have been aban-
doned. But instead of massed war
fare. which drew the main fire of
Chang Kai Shek, the Soviets have
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

generals of Europe, Macarthur was
awarded special orders by Rou-
mania and Poland.
On his return to this country in
November, 1888, Macarthur at once
led a fight in Congress for the
immediate modernization of the
American military machine, declar-
ing that the American Army was
below the danger line" He sue
ceeded in getting huge appropria-
tons for the Army.
Re-appOinted by Roosevelt
Upon Roosevelt's election to Of
flee, Macarthur became one of
Roosevelt's leading military advi-
sors, the military responsibility for
the C.C.C. camps being placed in
his hands.
Recently, Roosevelt re-appointed
him as Chief of Staff upon the ex-
piration of his term.
The name of Hanford MacNider
reveals that the military clique and
the Wall Street interests made plans
for the recruitment of the Amer
lean Legion for fascist purposes.
MacNider was a National Conman-
der of the Legion and fought the
payment of the soldirs' bonus with
the greatest vindictiveness. He or
ganized a national Red scare"
campaign in the Legion as the
cover under which he fought the
bonus.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

narrowed their base in Kiangsi, in
some places resorting to guerilla
and partisan warfare. In other
parts of China the Soviets remain
intact, while in Szechuan Province
they are growing by leaps and
and bounds; and when the Kiangsi
armies reach that province, the
leading cities will undoubtedly fall
into the hands of the Red Army.
We want to bring out some facts
not published in the capitalist press
in this regard. We quote from an
article in the American-ow
China Weekly Review, published in
Shanghai, of Oct. 10. The article
is by Paul K. Whang, and is en-
titled: will Szechuen Fall Into
Communist Hands?" Mr.. Whang
writes: while the government
forces in Kiangsi are reported to be
within the striking distance of
Juikin, the Red capital, the Com
munist situation in Szechuen has,
however, become more alarming
than ever" The whole kernel of
his article is the idea, what does
Chang Kai Shek gain if he takes
Kiangsi when the greater province
of Szechuan will fall into the hands
of the Communists?
strengthening of Soviets
"Once the Communists have sue
cessfully consolidated their position
in this rich province" explains Mr.
Whang, 1T will be next to impos-
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-21

and Austria, the military machine, &
which in ordinary times is kept
discreetly in the background, is now
involved in the political machina-
tions of the most reactionary cliques
of Wall Street finance capital.
The name of General Smedley
Butler as one of the proposed fas-
cist chiefs confirms the trend Of
ever closer workings of the military
machine with the financial cliques
of Wall Street
Butler has played a special part
in the development of the Army,
acting as leader in the suppression
of colonial peoples, and as an "op-
position" to the odd school" in the
Army. He has developed a special
type of demagogy by which he at
tempts to place himself at the head
of the veterans. In the 1892 bonus
fight, he urged the vets to disperse,
thus playing his special role in the
preparation for the subsequent mas
sacre. Later he acted as Police Chief
of Philadelphia.
Macarthur Tough Wall st. Servant
The name of General Douglas
Macarthur, now Roosevelt's Chief
Of Staff, as one of those whose
names were banded about in the
secret Wall Street fascist schemes
as the one to be chosen as the
strong man" of American Fascism
brings into the present political
situation one of the most hard
bitten and ruthless of military
servants of Wall Street.
It was Macarthur who gave the
command for the notorious Thurs
day massacre" of the bonus march
ers of starving veterans who gath
cred in Washington in 1892. Mac
Arthur personally supervised the
burning Of the veterans shacks and
later issued statement praising the
tear gas and bayonet attack which
cost the lives of two veterans and
at least one child.
The name of Macarthur has the
most sinister reactionary- military
connotationS in connection with the
building up of the present record
breaking military machine and par
ticularly in the secret military prep
arationS for intervention against
the Soviet Union.
Intervention against u. S. s. r.
In September, 1882, Macarthur
spent several months on military
tour of the most reactionary coun-
tries in Europe with the special
purpose of studying their military
and police machinery. Macarthur
visited and viewed the army man
euverS of Poland, Roumania, and
Czechoslovakia. He took part in
the conference which Pilsudski's
military advisors held with the
military clique of Roumania with
the view of uniting the military
command of both of these armies
which border on the U. S. S. R.
After these secret military in
terviews with the leading Fascist