davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-27
FOREIGN TRADE
TURN SHOWN

A report on "Our World Trade
in 1885," by the Chamber Of
Commerce Of the United States,
shows that a steady decline in
both export and import trade was
checked in the middle Of the
year 1888 and replaced in the
last half by a substantial recov-
cry. The falling value Of the
dollar gave a very appreciable
impetus to export trade, accord
ing to the report.
On an actual quantity basis,
118 out Of 176 chief exports, or
81 per cent, were shipped abroad
In greater quantities than in
1882, and 80 out Of 172 items, or
~ per cent, moved abroad in
quantities in excess Of the five
year average, 192S-1932.
Import figures show somewhat
higher percentage gains. Out Of
154 chief imports. 108, or 70 per
cent, were brought into the coun-
try in greater quantities than in
1882. In comparison with the
five.year average 48 out Of 154
items, or 80 per cent, came in
greater volume, the report dis
closes,
The Washington times., 1934-04-27
GRACE REPORTS
GOOD ORDERS

Current operations Of Bethle-
hem Steel Corporation are fully
supported by incoming business,
Eugene G. Grace, president. told
the annual meeting Thursday. He
said he felt certain that the aver
age rate Of activity in the second
quarter would be above the pre-
sent S. per cent level.
Bethlehem Steel Corporation re.
ports for the quarter ended March
81, net loss Of $9O2,044 after
charges compared with net profit
of $629,671, equal to 81 cents a
share on Z per cent preferred
stock in the quarter ended Decem.
ber 81, 1888, and net loss Of IS, ,769,-
451 in the first quarter Of 1888.
Value Of orders on hand March
81, last, totaled $76,345,878, COM
pairing with $67, ,684 ,749 on Decem-
ber 81, last, and $38, 1850, SOL on
March 81, 1888.
Operations averaged 1877 per
cent Of capacity during the first
quarter, compared with 26.8 per
cent in final quarter Of 1888, and
with 1873 per cent in first quarter
Of 1893.
The Washington times., 1934-04-27
y:sas 800 y;::::, :s:::: N. Y. Curb Quotations

NEW YORK, April 81 Q.N.S0.
The curb market continued to
fluctuate nervously today, although
the appearance Of better support
following the extended period Of
decline, made for a steadier tone
along the line. Price changes, how
ever, were highly irregular.
SpecialtieS were weak in spots,
with A. o. Smith down 1la points
at 261a, and lesser declines sus-
tanned in American Cyanamid B,
Glen Alden Coal and Swift. Pitts
burgh and Lake Erie, one of the
few listed rails, broke 212 points
to 7512.
International Petroleum was
strong spot in the oils, rallying
point to 81.
Utilities dropped back slightly
on the average, with American
Gas and Electric off " at 26A.
Metal shares were irregularly
improved, with Lake Shore up
3s at 5O3s, Hollinger up % at
15l2, and Wright Hargreaves off
"a at 85s.
Alcoholics did little, with Dis
tillers Seagrams up 1s at 1917,
and Hiram Walker off "a at Al.
Selected utility bonds firmed
moderately, with National Power
and Light SIS up z at 6512, and
Electric Power and Light SIS up
% at 47l2.
The Washington times., 1934-04-27
COTTON STAGES
MILD RALLY

NEW YORK, April q GN.SO.
A steadier tone in commodities
generally and firmness in Liver
pool brought a mild rally into the
cotton market today.
Prices were soft at the opening,
as few more long accounts were
liquidated, but as the morning
progressed a fair volume Of for
eign and domestic trade pur-
chases, together with diminished
offerings, turned the list upward.
Liverpool bought freely in Octo-
ber and December. both on the
first call and afterward. Although
there was further liquidation,
sized up as being for mill &C
counts, the general liquidation
movement appeared to have run
its course, for the time being, at
least. Southern selling remained
moderate, but there was consid-
erable selling by the large spot
firms. Commission houses bought.
Profits Narrowed
A feature of the sharp losses in
cotton to which attention was
called was the steady narrowing
profits which growers have on the
cotton they pooled with the Gov
ernment to the extent of about
100000 last fall in return for
loans of 10 cents a pound, pledges
Of acreage reduction, and i'm
munity from loss. This cotton ap-
parently carried a 10Ka-cent
charge at present at Southern
ports to cover the loan and carry
ing costs, so that apparently the
decline has about wiped out any
profit which the grower might
realize by ordering sales.
Noon quotations were UP 5 to 6
points, with July up S at 1927.
October up 8 at lila, December
up 5 at 11.25, January up 5 at
11.29, and March up 6 at 11.42.
The Washington times., 1934-04-27
GAINS GENERAL
IN FAR WEST

Notable gains in far western re-
tail trade, building activity and
employment are recorded in the
April issue Of the Bank Of Amer
ica California; Business Review.
The banks index Of business for
March stands at the highest level
for the year and 19 per cent
above March, 1888.
For the first time since 1929,
the index. based on carloadingS,
bank debts and power production,
shows an increase for the month
of March over February.
Retail Gains General
The bank reports gains in retail
sales for March, the aggregate
dollar volume of 81 cities in the
Twelfth Federal Reserve District
last month showing a 41.2 per
cent increase over March, 1888.
All individual stores reported
gains.
Bank debit figures received from
27 reporting cities for March to-
tailed $2,199, ,452.000, gain Of 45.7
per cent over the same month of
1888. Total debts for the first
quarter of 1884 showed an increase
of 21.1 per cent over the first quar-
ter last year.
Building permits issued in 81
cities in eight States totaled $5,-
224,646, a gain Of 10.5 per cent
over February and 1873 per cent
over March, 1893.
Farm Prices Climb
In California the index Of prices
paid farmers products was 34.6
per cent above the corresponding
month last year. This Is the high
est point reached for the index
since February. 1882, and is II per
cent Of the 1910-15 average.
Gains in employment and pay
rolls for California manufacturing
industries are also noted with 38.6
per cent more men employed and
a record increase Of 44.8 per cent
over March, 1888, in total weekly
pay rolls.
The Washington times., 1934-04-27
BIC CIGARETTE
OUTPUT GAIN
REPORTED

Production Of small cigarettes
during March increased by more
than 1,000,00o,0o0 as compared
with March last year, according
to the Bureau Of Internal Rev.
enue. Statistics as based on
monthly sale Of stamps. Total
production Of the small variety
Of cigarettes amounted to $685.
113,76O as against 7,974,03o, ,o6S
in March, 1893.
Large cigarette production also
showed an enormous increase, the
total for March, 1884, amounting
to 35,397, 900 as against only
160,847 last year.
Small cigar production likewise
registered a considerable gain,
the total for last month being
20,45S,013 as against 9,446,307
for March, 1888.
The output Of large cigars dur
ing March Of this year totaled
54,164,9O7 against 290.111,072;
manufactured snuff, 1895, $40
pounds against 2,518,475; manu-
factured tobacco 27,652,36l
pounds against 24,938.566; colored
oleomargarine, 44,870 pounds
against 35,046; uncolored oleo-
margarine, 22,038,160 pounds
against 23,070,540, and playing
cards, 4,549,613 packs against
3,46S,350 packs.
The Washington times., 1934-04-27
LOANS DECLINE
To BROKERS

Loans on stocks and bonds to
brokers and dealers by reporting
Federal Reserve member banks in
New York city decreased $45, ,00O,-
900 during the week ended April
rs to a total of $94s, ,00o, 900. This
compares with 1898 900, 900 on
April 1s and with $461, ,0OO, 900 a
year ago.
Demand loans constituted $685., :
O00, 900 Of the total, as compared
with $732, 100000 last week. Time
loans were $265, ,000, 900, as against
$261, 100000.
Loans on securities direct to
nonbanker customers by report
ing Federal Reserve m e m b e r
banks in New York city decreased
$4,000, 900 during the period to q
total Of $8SS, 100000. This COM
pareS with 1896 900, 900 last week
and with $1,l72,000,000 a year
ago,
The Washington times., 1934-04-27
Chicago Steel
Rate Climbs

Steel ingOt production rate in
the Chicago district for the cur
rent week is estimated at close
to so per cent Of theoretical
capacity - compared with
about IS per cent last week and
under rs per cent . year ago at
this time.
The Illinois Steel Co. is rO.
ported to have fired an SOO-tOn
blast furnace at Gary. At Gary
the company Is also understood
to have added two open hearths,
giving it an ingOt production
rate Of 50 per cent, while at
South Chicago the rate will be
close to IS per cent.
Inland continues with an
ingot production rate Of about
80 per cent Of theoretical
capacity
The Washington times., 1934-04-27
BOOKINGS SOAR
IN FURNITURE

March orders booked by fur1i-
ture manufacturers in the Sew
enth Federal Reserve District
were 27 per cent above February,
as against a decline Of ~ per
cent a year ago, according to
the Chicago Reserve Bank.
Shipments during March were
up II per cent over the preceding
month, as compared with aver
age seasonal increase for the Pc
riod of II per cent. March,
1888, shipments were per cent
under the February, 1888, ship
ments.
Mills were operating at 4S per
cent Of capacity in March, three
points under February and three
points above March a year ago.
The Washington times., 1934-04-27
Philippines Sugar
ShiDmentS Climb

Raw sugar shipments from the
Philippines to the United States
from November /, 1888, to April
IS. 1894, amounted to s24,960 long
tons, against 645,726 during the
similar period in 1928, an In
crease Of 27.7 per cent, according
to cables to the New York Coffee
and Sugar Exchange.
Refined shipments in the same
period were 47,2SS tons. against
32,198 in 1928, a gain Of 400
per cent. Shipments for the first
half Of April. raw and refined to-
gether, totaled 125.337, against 98..
9S4 during the similar period in
1898:
Approximately 73 per cent Of
the amount available for the
United States Of the ie33.34 crop
has been shipped 50 far
The Washington times., 1934-04-27
Glen L. Martin Co.
Net Income Climbs

The Glenn L. Martin Com
pany, maker Of the famous Mar
tin bomber, reports net earnings
Of $14O,045.50 for the IL months
ended March 81, 1884, before In
terest, amortization and discount
expense.
This is equivalent to 20 cents
per share on the basis Of 100000
shares Of common stock to be
outstanding upon completion Of
the present financing, consisting
of the sale of 325.000 shares Of
common stock and the elimina-
ton of the company's outstand-
ing gold notes. Net earnings for
the year 1888 on the same basis
were equivalent to 7 cents per
share.
The Washington times., 1934-04-27
RUBBEROUTPUT.
Gut IN MALAYA

production Of crude rubber on
estates Of more than 100 acres in
size In Malaga totaled 1895 tons
during March, compared with 20,.
6S1 tons In February. Production
"a estates Of less than 100 acres
In size (largely native) was 21,015
tons, against 21.1S1 tons in Feb
Huary.
Stocks Of rubber on estates Of
more than 100 acres were 1887
tons On March 81, compared with
90, 1858 tons on February 28.
Dealers stocks were 20, ,688 tons
on March 81, against 1882 tons
on February 20. Gross exports
(foreign) were 5S,515 tons, against
S7,867 tons In February. Local
exports were 1856 tons, COM
pared with 1879 tons in
February.
In March, 1888, production on
estates Of more than 100 acres in
size totaled 1000 tons, stocks on
these estates were 1888 tons, and
dealers stocks were 1915 tons.
The Washington times., 1934-04-27
IN WEEKS
ENGINEERING

Engineering contract awards
this week total $23, 1886 900 and
are slightly above the average
1894 week to date but represent
a considerable drop from last
weeks total, according to the
Engineering News-Record.
The first four months total Of
$404, ,238, 900, is 81 per cent ahead
of the corresponding period last
year. During the current week
State and municipal awards held
up well, at $16,42o,000. while
Federal awards dropped to $3,-
597 900.
Private contracts at $3,95o, 900
are ahead Of last week.
The Washington times., 1934-04-27
N. Y. Bond Quotations

NEW YORK, April ~ dN.SJ.
Continued selling Of rail obliga-
tions was q depression influence
in forenoon bond trading today,
although other sections Of the list
maintained a generally steady
tone.
Pressure on the carrier group
was influenced by the knowledge
that the wage compromise would
increase labor expenses appre-
ciably over the next year. Nickel
Plate IS lost about a point, while
fractional declines were sustained
in the st. Paul IS A, Great North
ern rs, Erie IS Of rs, Southern
Railway General As, and New York
Central SIS.
Treasury 3As of 46 featured a
quiet United States Government
list.
American Waterworks IS stood
out in the investment division.
French TVS rallied sharply in
the foreign division.
The Washington times., 1934-04-27
YeLLOU Truck Earns
Profit for Quarter

Net sales Of Yellow Truck and
Coach Manufacturing Company
for the quarter ended March 81,
were $5,61S,376, Paul w. Seller,
president, reports.
Net profit after provision for
depreciation was $7,315. In the
quarter ended March 81, 1888 the
company reported a net loss Of
81 OCT .98l.
The Washington times., 1934-04-27
Hog Bidding LOver
In SLOW DeGIinQS

CHICAGO, April 81 Q.N.S0. .
the hog market was slow today
with bids from $3.50 down al
though salesmen were holding
the best hogs at 1895 and better.
Shippers and city butchers bought
sparingly. Receipts were 10000.
The supply Of cattle was 5000.
The market was slow and steady
at the recent advance for choice
heavy steers with prime quotable
up to $3.50. Cows and heifers
sold steady to strong. Feeders
were too scarce to make a mar.
ket.
Best lambs were quotable at
$1O.25.
The Washington times., 1934-04-27
Business News
Spotlight

The daily average volume Of
federal Reserve Bank credit
Tor the week ended April 25
held about unchanged with the
previous week Loans on stock
and bonds to brokers and
deaIeES for the week ended
Wednesday dropped $45,OOO, 900
=. .Hygrade Sylvania Corpora
ton has increased wages 10 per
cent in its incandeScent lamp
and radio tube factories, affeUt-
ing 3,323 people. The Cuban
government decreed Wednesday
that wages Of IO,OOO govern
mOnt employees, including sol
diePD and sailors, should be
raised BY from 10 TO 50 per cent.
The Washington times., 1934-04-27
4-POiE1t Drop ShOWn
Bu Fertilizer Index

Wholesale commodity prices
were decidedly lower during the
latest week, according to the Ma
tional Fertilizer Association index.
This index, which has been steady
for the last three or four weeks,
is TOT for the week ended April
81, a decline Of 4 points from pre-
viouS week. and 5 points lower
than the same March week.
For the same 1888 week the In
dex was $50. The average Of the
period 1926 TO 1919 equals 100.
The Washington times., 1934-04-27
Railroad Financing
Is Approved bH I.C.C.
By international News servic

The Interstate Commerce Com
mission today approved the re-
financing plan Of the New York
Central railroad, under which the
road was authorized to issue
$59,911, 100 of 10-year 6 per cent
convertible secured bonds, 48
million dollars of 4 per cent con-
solidation mortgage bonds. and
six million dollars Of 31a per cent
gold mortgage bonds.
The Washington times., 1934-04-27

namely, tn a t
it is b a C k e d
and guided in
part by inter-
ests which may
be selfish.
Some people
are tn e r efore
| n C Ii n e d to
think that in
flation is not
to be. They
t h nix t h a t
maybe the Ad-
m i n i S t ration
will turn to
sound money.
Therefore, they
The Washington times., 1934-04-27
GRAIN FUTURES
TURN F|RMER

CHICAGO, April ~ GN.s).
Grains turned firm after an easy
opening today when scattered
buying developed and offerings
dried up. ,
Near mid7SeSsion wheat was u
to %c up, after opening 1s to Ac
off. Corn was unchanged, oats
steady to bc up. and rye, 5sc up.
May and July wheat sold at
7614c; May corn, 44c.
The Washington times., 1934-04-27
PiLIsbury Flour :
Raises Dividends

Pillsbury lour Mills raised the
annual dividend basis Of its com.
mon stock to $1.60 a share from
81, with the quarterly declaration
today Of 40 cents, payable June
l to stock Of record May 10.
The Washington times., 1934-04-27


deflation in business and the
stock market.
To me, it seems that there Is
little reason to anticipate such a
revolution in the Administrators
monetary ideas. I do not think
that initiation is dead, nor that
the price-lifting policy is over.
I doubt if even the "experi-
mental approach" alibi will be
considered strong enough to al
low the Administration to get
away with an abandonment Of
the gold manipulation policy"
and the promise to raise prices
in one way or another.
The Administration evidently
has some sentimental inhibi-
tiOns concerning "greenbacks"
and "free silver" It shows con-
siderable Obstinacy in resisting
pressure to print "notes" and
"Silver certificates" But It has
shown no hisitancy in expand.
ing Government credit, nor in
tinkering with the monetary
standard. It has not Shied away
from talk Of controlled infla"
ton"
The probable defeat of silver
initiation, therefore, need have lit
tie bearing on the development
Of initiation. A Government which
can call such paper as is now
given to the Federal Reserve
Banks gold certificates" which
can take our gold, write up a
paper profit on it, and then dole
it out to farmers, is not adverse
to currency appreciation.
In fact, the present govern
ment seems to believe in soft"
credit currency, the commodity
dollar" and a managed cur
rency." It does not believe a
definite standard money unit Is
necessary.
Insofar as we know, the ideas
Of Professors Fisher and Warren
about money tinkering and IRE
flation" are still taken seriously.
So if you want initiation, ! can
see no need Of worrying. The
chances are good. We already
have some, and more is likely to
follow. AS buSines slows up and
farm prices recede, the probability
will grow.
Just bear in mind what has
been done already:
/. The gold dollar has been re-
duced in size to 59.06 per cent Of
what it was. III we were to go
back on the gold standard today,
prices would begin to rise almost
immediately
2. We have continued an enor-
nous "open market operation" in
government bonds, which has
piled up excess reserves Of bank
credit Of record preparations.
8. The policy Of government
spending still goes on to the tune
Of billions Of dollars.
4. All this begins and ends in
government debt, and government
debt Is the Surest way to infla-
tion-now and always.
Insofar as the level Of com.
modify prices, or the value Of
gold, is concerned, what diff
ference does it make whether
we print greenbacks or write
checks on banks whose assets
are largely our government
debt?
Just now, the Administration
Is. evidently trying to coax bank
credit into use by soft pedaling
its radical reforms" # it fails
in this Gas I think is probable) i,
we will then have some kind Of
greenback, whatever it may be
called.
The Washington times., 1934-04-27
NEWS CO. REGULAR

American News Co. declared
the regular bi.monthly dividend
Of Is cents, payable May Is to
stock Of record May 5.
The Washington times., 1934-04-27
NEW. INITIATION
LIKELY SOON,
SAYSHANEY
BY LEWIS HANEY
Professor Of Economies, New
York University

The moves Of the silver crowd
have been given a black eye by
showing what most of us knew
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-09

testing against the decision of the Alabama Supreme
Court and demanding the immediate, unconditional
release Of the ScottsbOro boys Special efforts must
be made to secure the adoption of such resolutions
in A. F. Of l., independent, and T.U.UL. unions.
6. The Scottsboro campaign must be bound up
with all Of our election campaign activities from
now on. We must demand Of all capitalist and So
cialiSt candidates that they take definite public
stand on this question. Our own candidates must
make their position clear not only in words but in
direct participation in Scottsboro actions
7. We must make serious efforts to build the
League of Struggle for Negro Rights, and to in
crease the circulation of the Negro Lberaor during
the course of the present campaign. At the same
time, the LID, through its independent activities
and leadership must be strengthened organization
ally.
There is no time to be lost. Application for re-
view by the U. s. Supreme Court of the Scots
boro decision will be made by the LID. within
few days To force the acceptance of this applica-
ton to force the reversal of the Scottsboro lynch
verdicts, will require tremendous efforts, a mass
campaign of struggle and the mobilization of the
masses on a broader scale than ever before.
The Scottsboro boys must be freed!
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-09
To All Workers!

THE workers armed struggle against fas-
cism that is taking place in Spain is
struggle that every class-conscious worker
must take to heart. It shows that the
class lines all through the world are being
sharpened, that the proletariat is preparing to
challenge the authority of the bourgeoisie and set
up Soviet power.
We must support this struggle with all our
power. But we must remember that here in Amer
lea we, too, face the menace of fascism we too,
face the necessity of challenging the hunger deal
of Roosevelt and the advance of fascism Every
honest and conscientious worker must realize that
to beat back the attacks of the fascists we must
strengthen the Communist Party
1t is the Communist Party that stands as the
vanguard of every working class fight. 1t is the
Communist Party that organizes the fight against
hunger, war and fascism.
The Communist Party is now appealing to all
ant-fascist fighters to all workers struggling for
higher wages and better conditions, to all the op-
pressed toilers of the country to join their Party
In joining the Communist Party and in working in
the Communist movement they join in fight that
will not only benefit them but will bring about the
end Of the corrupt, murderous and decayng cap
italist system.