davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1934-04-26
l. A. Stocks

LOS ANGELES, April 26. (U.P) =
Stocks moved slowly and irregularly
downward in dull early trading ON
the Les Angeles stock exchange to-
day.
Emsco Derrick and Equipment, a
leader for several days, dropped off
to 400 shares, and was unchanged
at s.
On volume of 500 shares or less,
Lockheed Aircraft was up Is at Ok,
Republic Petroleum was up Is at
As; Edison common was down L
at 1712, Edison 51a's was down *
at 17% and Transamerica was down
4 at 6H.
Imperial Valley press., 1934-04-26
L. A. Livestock

LOS ANGELES, April &c. U.P) -
Hogs, so. No early sales; grain fed
around 425.
Cattle, $50 Steady; local fed
steers $685.; Imperial cows 400;
other grass cows 330-3.75; common
down to 2.85; cutter grades 1.50-
2.75.
Calves, 25O. Steady; vealers TOO
7.50.
Sheep, none. Medium to good
spring lambs quoted at TBS to $50
The Washington times., 1934-04-28
METAL MARKETS

NEW YORK, April 90 0N.S.).-The
domestic copper situation has developed
some confusing angles as consequence
of the price discrimination between
Blue-Eagle copper and metal not falling
into this category.
The latter is explained as being metal
offered by custom smelters that have
more by-product and custom copper COM
ing from small ore shippers. than their
total quota. It's destination has been
assumed to be foreign ports, in which
case its price will be dependent upon
foreign quotations, at present lower than
domestic Blue-Eagle levels. There 10
also the possibility that some of this
metal will be made into the finished
product for domestic consumption, being
plainly tagged as non-NRA copper, and
as a consequence to be used only for
projects in no way associated with the
Federal Government.
Copper buying abroad today was in
small volume with the price equivalent
to S.35 cents q pound c. 1. (. Hamburg,
Havre and London, as compared with
In the domestic market sales were
only moderate. Blue Eagle quotation
continued at $50 cents pound, while
other metal declined to $50 cents, as
compared with S.25 cents a pound yes
terday. Although 1t is considered un-
likely that non-Blue Eagle copper will
depress the price of the metal. it is
quite possible that it may retard any
advance in price.
Lead buying continued quiet with the
price unchanged at 4.25 cents a pound
New York, and 4.10 cents a pound st.
Louis.
Zinc sales were also small with prime
Western continuing to be quoted at I.40
cents q pound East st. Louis.
The Washington times., 1934-04-28
MORE GET JOBS
DURING MONTH

The total number Of unemployed
workers in March, 1884. was g.
021 900, according to an estimate
of the National Industrial Con-
ference Board.
In March, 1884, unemployment
showed a decline of $4,000, as
compared with February, 1884,
and a decline of $4,000, or
1872 per cent, as compared with
March, 1888, when unemployment
was at it's highest point.
Since March, 1888, the num-
ber Of unemployed workers de"
creased in all industrial groups
for which figures are available.
The decrease was especially
marked in manufacturing and
mechanical industries. In March,
1884, the number Of unemployed
in this group of industries was
2,599,O0O, showing a decline OF
3,824,O00, as compared with a
year ago. From March, 1888,
to March, 1884. the number of
unemployed workers decreased
sos per cent in the manufac'
turing and mechanical group;
So per cent in trade; 2S.S per
cent in domestic and personal
service; 2O.3 per cent in the ex-
traction of minerals; and 10.6
per cent in transportation.
In this estimate the workers
employed through the Public
Works Administration are counted
as employed. Emergency workers
employed under Government au-
spices, usually part time, in lieu
of direct unemployment relief are
counted as unemployed.
The Washington times., 1934-04-28
KRESGE PROFIT
AND SALES Up

c. B. Van DuSen, president of
S. S. Kresge Company, told stock
holders at their annual meeting
that from available figures earn.
ings in the first quarter would
prove to be much more pleasing
than a year ago. He said no &C.
curate estimate of earnings could
be made without physical inven-
tory, which is taken only once a
year.
r. R. Williams, vice president,
in charge of merchandising. stated
that sales for the first four months
this year would show All increase
of approximately 16 per cent over
the like period last year.
He said sales in April would
show only a modest increase over
April, 1888, due to the fact that
part Of the Easter selling season
fell in April last year. Also, there
are only four Saturdays in April
this gear, against five last year.
Salary increases for employees
under the NRA code amount to
about 11a per cent Of sales, he
said, but increased volume more
than takes care Of it. Any extra
business will mean additional
profit, he added.
The Washington times., 1934-04-28
Trading in Spots
Dull at LiUerDOOL

LIVERPOOL, April % dN.s).
Spots opened quiet on the Liver.
pool cotton market today. Prices
were steady. Receipts totaled
200 bales, all of which were
American.
At noon, middling fair was
food; strictly good middling,
6.55d; good middling, 6.25d:
strictly middling, 6.10d: middling,
5.95d; strictly low middling, 5.SOd:
low middling, 5.55d; strictly good
ordinary, 5.35d; and good ordi-
nary, 5.05d.
Futures opened steady and at
noon were quiet. Closing bids
were unchanged to l point below
opening quotations and 3 to 6
points below due quotations. At
the close May was SID: July,
5.72d; october, 5.66d; and Janu-
airy, 5.64d.
The Washington times., 1934-04-28
v.';H: :r;,::s:S x;;;;'.' N. Y. Bond Quotations

NEW YORK, April 28 Q.N.S0
The bond market showed q much
stronger tone today, with brisk
rallying tendencies in rails and
strength in German government
loans the outstanding features.
The improvement in the car.
rier group was the best seen in
upwards Of a week. Among the
better acting issues were the Bal
timore & Ohio refunding Is which
gained / at 95Ia, Erie SIS Of '67
up / at 7s. and iIew York Cen
tral Is of AZ up =. at 81.
The German government issues
were in renewed demand on indi.
cations that the Dawes and
Young loans would not be in
cluded in the transfer moratorium
insisted upon by the Reich.
Domestic Corporation issues
were somewhat spotty. Botany
Mills Certificate 61as rose 2 points
to 20, while the International
Telephone 41as Of So gained u
to 81.
American Writing Paper IS
were under further pressure, de-
clinirS 11a points to SO.
United States Governments
were generally improved. Liberty
4th 4As rose 3-32 to 104.4, Treas
ury IS moved up 1872 at $3.50, and
Treasury 31ss was 232 higher at
1913. Treasury 3As, however,
dropped 3-32 to 1899.
The Washington times., 1934-04-28
sssss ;s::.; N. Y. Curb Quotations

NEW YORK, April 20 GN.S0.
The curb market showed strength
in spots in unusually dull week.
end dealings today, with selected
speciality issues in the limelight.
Among the outstanding favorites
were Davenport Hosiery which
spurted 24 points to a new high
at 20A, Sherwin Williams up 13s
at 67R, Pittsburgh Plate Glass
UP 11a at 81, and Parker Rust
proof at Ia at "a.
Commonwealth Edison rallied
11s points to 57h in an otherwise
dull and little changed utility
group. Electric Bond & Share,
American Light & Traction, and
United Gas were nominally higher
from time to time.
Oils were irregular. Humble
rallied " point to 45R. Newmont
showed up best in a spotty metal
group, rallying "a to 54. Wright
Hargreaves was up "a at 91a, as
against slight declines in Pioneer
and Tech Hughes.
Distillers Seagrams firmed up
"a point to 1917, among the alco-
holS. Hirman Walker was up "a
at II, and Distillers Ltd, was
down 1s at 232s.
Utility bonds lost ground after
initial firrnneSs. Electric Power
g. Light SIS was down 1a point at
4S, and National Power and Light
IS dropped 70 to 65A.
The Washington times., 1934-04-28
TRANSIT COMET.
MARCH INCOME
S91,095.49

Total net income Of the Capital
Transit Company in March h
amounted to sol, ,095.4 40, according
to the monthly statement filed
with the Public Utilities Commis-
sion yesterday. Operating reve-
nues for March amounted to $716,-
1891 and operating expenses,
taxes, etc., amounted to $751;
327.05, leaving an operating In
come Of $134,612.76.
Incorporating income totaled
2,846.10, bringing gross returns
up to $147, ,658.86. Deductions from
gross bond interest and other re-
quirementS amounted to $50 ,563 81,
leaving the above stated net profit
of over $91 900. During the month
the Capital Trust System carried
II ,068, ,698 revenue l2ASSengers.
For the first !. zee months Of the
present year operating revenues
totaled $2,011, ,822.78; operating eX-
penSeS, taxes and depreciation
called for $1,6O7, ,596.26, leaving
an operating income Of $404,
226.52. Incorporating income was
$39, ,210.07. making gross stand at
$443, ,436.59
Deductions from gross absorbed
$169,914.39, leaving a total net in.
come for the first quarter Of $273 =
522.20. a remarkable showing as
a result of the street railway
merger which went into effect last
December. Revenue passengers
carried in the first quarter num-
bered 3O,71O,968.
The Washington times., 1934-04-28
STOCK Of CRUDE
OIL LOWERED

Stocks of domestic and foreign
crude oil -totaled 341, ,346, 900 bar
rels for the week ended April 81,
the Oil Administrator announced.
This was a decline of $4,000
barrels from the total of 341, ,922,-
600 barrels on hand at the end
of the preceding week.
Reports received by the Oil
Administration indicate that
crude production for the week
OF April 81 was slightly below
that for the week of April IA
and that crude runs to stills con.
tinue to increase.
Approximate daily average
balance for crude oil for the
week Of April II was as follows:
Production, 2,475,000 barrels: i'm
ports, 71,000; decrease in stocks,
$4,000; equals runs to stills, q.
$4,000; exports, fuel, losses, ETC.,
100000 barrels.
The Washington times., 1934-04-28
COTTON ERASES
EARLY GAINS

NEW YORK, April % G.N.S0.
---rofit taking at the close wiped
out earlier gains of Is cents a
bale in cotton futures today, a
few months dipping under the
previous close.
Demand from foreign and do
nestle trade sources petered out
in the final half hour, but sell
ing from spot firms and the
South remained light.
Weekly statistics of the New
York Cotton Exchange today
showed forwardings tota1ed 1885,
900 bales this week. against 263,-
900 in the same 1888 week, bring
ing the total for the season to
date to 1O,973,0 900 bales, COM
pared with 1926 900 in the
corresponding period of last year.
Final prices were one point
higher to two lower. with May up
one at 11.01; July UNCHANGED at
I'LL: October off two at 1925;
December off two at 11.37; jan
uary ur one at 11.46, and March
off one at 1888.
The Washington times., 1934-04-28
Bids and Proposals
DEPARTMENT. Procurensns

Division. Public Works Branch, Wash
ington. D. C.-Sealed bids in duplicate
will be publicly opened in this office at
2 p. m, May Is, 1884 for furnishing all
labor and materials and, performing all
work for partitions. book cases, toilets.
ETC.. in u. S. Department of Labor. Inter.
state Commerce Commission building and
connecting wing Labor Interstate Com"
ton. D. c. Attention is directed to the
Executive Order No. 6646. dated March
Il, 1884, and the special conditions OF
bidding set forth in the specification.
Drawings and specifications, not exeeeding
3 sets. may be obtained at this office in
the discretion Of the assistant director OF
Procurement by any general contractor.
and provided . deposit OF SIS is made
for each SET to assure its prompt return.
One set will be furnished builders ex"
changes, chambers of commerce or other
organizations who will guarantee to make
them available for any subcontractor or
material firm interested: and to Quantity
surveyors. provided deposit of SIS 10
made TO assure it's prompt return. Cheeks
offered as deposits must be made payable
to the order of the Treasurer OF the
United States, Cash DEPOSITS will not b
accepted. W. e. REYNOLDS. Asst. tl'
rector of Procurement. Public Works Brancn.
The Washington times., 1934-04-28
WHEAT At NEW
HIGH ON MOVE

CHICAGO, April % G.N.SJ.
Wheat swept forward when a
broad buying movement got un-
der way on the board of trade,
values soaring around &c to a
new high on the recovery. Other
grains moved up in sympathy,
but their gains were confined to
smaller proportions.
May wheat shot up 1Ac to
1880, where it was up nearly
&c from the low on the current
movement reached about ten days
days ago.
Near mid session wheat was
around the top, being 112 to
14c up. Corn 12 to Zee up.
Oats Zee up and rye Ks to 1Ac
up.
A leading operator who was
active on the buying side the
last two sessions continued a big
buyer of wheat.
Liverpool wheat closed u to
3s pence up. winnipeg was 2sc
higher at mid-session.
Estimated carlots: Wheat 3,
corn SO and oats 16.
The Washington times., 1934-04-28
Hog Market Steady
And Offers Limited

CHICAGO, April % GN.SO.
Hog receipts were 5000 today,
including $500 sent direct to
packers. The market was nom.
inally steady with no choice hogs
offered.
A few loads sold at $3.50 to
$3.50 which was about the same
as a week ago. Best hogs were
quo. able up to $3.95. The market
now is lower than a year ago
for the first time this season.
Cattle receipts were 200. Good
heavy steers are Is to soc higher
for the week and the plain light
weights 25c lower. Top reached
$3.50. highest in 18 months.
Cows and heifers sold strong to
Csc higher. Feeders sold Csc
lower
The Washington times., 1934-04-28
Wheeling Plant
At Capacity

Beginning Monday the Ben
wood Works Of the Wheeling
Steel Corporation, at BenwOOd,
w. Va, will operate at capacity,
according to an official an
nouncement. This will be the
first time in five years that this
plant has operated at capacity.
Approximately 200 additional
employees will be recalled to Ben
wood, bringing the total employ
ment of the works to about
1000. The Benw0Od plant pro-
luceS tubular goods exclusively.
As result of this new activity
the Wheeling Steel Corporation
as q whole will be employing In
its various plants q total Of ap-
prOximately 1900 wOrker3.
The Washington times., 1934-04-28
Stock and Dividend
MONEY MARKETS

NEW YORK. April % U.N.S.).-Call
money was held over today at per
cent on the stock exchange. and IN
per cent on the curb, continuing at y
Of per cent outside.
Time money rates were unchanged at
Y to / per cent for all maturities.
Commercial paper was, fairly active
with the rate unchanged at to IN
per cent.
oo'inailv a. ~ s,,e nsr cnnt ~
30, 50 and 30 days, y to u per cent for
100 days. and u to y per cent for $50
and $50 days Demand was good. but
the market remained quiet.
The Washington times., 1934-04-28
Business Neus
Spotlight

Freight lOadingS for the week
ended April FL tOtaled 5S9,453
cars, an increase Of 1866
cars over the preceding week
:. Glass railroads of the
United States had on order
April / 6,512 new freight cars,
FL new steam locomotives and
rs electric locomotives, accord
ing to the American Railway
Association -. BigelOw-SanfOrd
Carpet Company has declared
a dividend of So on the pre-
ferred stock for the four
months ended May 81, payable
June l to stock of record
May 10.
The Washington times., 1934-04-28

they are called
I'd u r a b ! e
g o o d S." b u t
that is nnislead-
ing. The real
point is that
they are durar
BILE &c a p ! tai"
goods.
This means
that they con-
cerl1 the use of
buildings a n d
machinery, to-
& e t h er with
stocks Of raw
m a t eria ! S.
These are all
The Washington times., 1934-04-28
Alcohol Corp. Net
Multiplied 6 Times
By international News Service

BY International News Service
American Commercial Alcohol
Corporation March quarter net
profit amounted to $690,387 after
all charges, equal to $265 a
share, compared with $76,77l. or
80 cents a share, in the first
1888 quarter.
The Washington times., 1934-04-28
BANK STOCKS

NEW YORK, April 20 U.N.s) QUO.
tations on the following securities are
obtained from the Security Dealers
Association of New York. There are
no official quotations. This ts q
bid and ask market and the actual
sale of securities is often subject to
negotiations.
Bid and ask prices at IL noon, with
Fridays closing bid price for the lead
ing bank stocks follows:
The Washington times., 1934-04-28
CoLORTYPE SALES CLIMB

The American Colortype Com
pany reports sales Of $1,661. 799 for
the first quarter Of 1884, against
$1,402,113 for the corresponding
period last year, an increase OF
$3.50 .686.
The Washington times., 1934-04-28
SOzUay American
Earnings Better
Rx InternatlonaI NeWa Service

Solvay American Investment
Corporation net profit for the
fiscal year ended March 81,
totaled $1,891,440 after all
charges and net loss of $743,622
realized on sale of investments.
This compares with a net
profit in the preceding year Of
$l,779, ,9O6, including net loss Of
$1,Ol1,9O1 realized on sale Of in
VeStmentS.
The Washington times., 1934-04-28

IneSe are al
instruments of production. They
are not consumers goods, but are
things which are used to produce
consumers goods.
Capital goods require the tying
up of uninvested funds in va
rious kinds of building and ma
chinery C"plant and equipmentD, &,
which are not wanted for them
selves, but are wanted only for
the consumers goods they help
produce.
Why are the capital goods in
duStries backward, with much un-
employment?
There are exactly two reasons,
and no more.
(1) One is the continued un-
certainty as to money. Lack
ing q definite monetary stand
ard, no one knows what any
fixed sum of money will be
worth five years from now, nor
what any fixed interest pay
mentS will be worth mean
while. So no one wants to tie
his money up in an investment
in fixed capital (plant and
equipment).
(2) The other reason is the
great uncertainty as to net
earnings available for invested
capital. This condition is
partly due to uncertainty as to
sales, and partly due to un-
certainty as to how much Of
the total sales will be left for
capital.
No investor can know the trend
of prices nor the results OF
numerous changing restrictions
on business. But if he could.
he would still be in the dark
trying to figure how much Of the
earnings would go to labor and
how much to the Government as
taxes.
These are the reasons why the
capital goods industries are de-
pressed and do not draw invest
ment funds.
If prospective investors could
be as sure as usual that, when
their funds get tied UP in plant
and equipment, these capital
goods could be reasonably free
to earn, and that high wages
and taxes would not absorb the
earnings. there would be no lack
of investment.
The much discussed securities
act is at most but a minor factor.
If monetary stability existed, and
earnings were in sight, funds
would be plentiful.
Nor does the trouble lie in the
absence of intermediate credit
banks" or other pipes or chan
,nelS between banks and business.
One market letter says, ''NOw
that the bond market has
achieved level suitable to
launching new issues, there re-
mains only the decision to per-
init a private lOne:term capital
marke. to function" That is
bunk. There is no question of
some mere law or decision"
Inc great pEODACm AS w AICC
invested capital from the un-
certainties and unreasonable
burdens imposed by the New
Deal and NRA.
For example, another writer
gays, "The railroads will be unable
10 contribute Immediately to re-
eovery if their net earnings are
eurtailed by premature increases
d n their payrolls." That is more
10 the point.
The same persons who have
wanted "open market operations"
and huge excess bank reserves,
now fancy that, by setting up lend
ing arrangements for "intermedi-
ate credits" they can force credit
into business.
That is like shouting 'buy now"
10 consumers. It will do no good
until basis for confluence in i'll
Vested capital is restored. That
will require: Cd sound money, ~
reasonable wages, 90 reasonable
taxes, and a. a square deal 1or
all the elements in business.
The Washington times., 1934-04-28
SEEN
HOLDING BACK
CAPITAL
BY LEWIS HANEY
Professor of Economics, New
York University

The plight of the capital
goods" industries keeps coming
up for discussion. Sometimes
The Washington times., 1934-04-28
BOND MARKET AVERAGES

Copyright, 1884. Standard Statistics Co.
NEW YORK. April 28 N.N.SD.
The Washington times., 1934-04-28
Volume Today
$4,000 Shares

High Low lclose
The Washington times., 1934-04-28

A"'iSS1is A"'iSS1is !: I: : 11 IL IL IL III III
Evening star., 1934-09-22
CURB IS NARROW
AS VOLUME LAGS
Trading Mostly Restricted
to Evening Up for Ad.
journment.
BY G. A. PHILLIPS.
Associated Press Financial Writer,

NEW YORK, September 22-The
curb market drifted along in a mar
row trading area today, with minor
fractional changes the general rule in
utilities, oils and metals. Some of the
volatile specialties moved in a wider
range. Trading was quiet after the
first half hour and mostly confined to
evening up for the week end ad-
journment.
Gains up to u point occurred in
American Gas, Aluminium Co., Ma
tional Bellas Hess, Niagara Hudson
Power and Swift & Co. Sherwin-
Williams advanced more than
points, continuing the strong position
established in the past two sessions,
and Duke Power was more than
higher on a small turnover. Colum-
bia Pictures gained around 1R.
Early profit taking or selling for
adjustment caused some irregularity
in the metal stocks after that group
displayed quiet firmneSs earlier in the
week Pioneer Gold, Teck Hughes and
Lake Shore Mines were the principal
losers. Hiram Walker, International
Petroleum, Cities Service and Creole
Petroleum were among issues slipping
fractionally lower. Fajardo Sugar lost
points on a small turnover.
Evening star., 1934-09-22
CHICAGO LIVE STOCK.

CHICAGO. September 90 Up Omitted
States Department of Asriculture) Cat
tie: 400 commercial: 1000 Government;
calves. 200 commercial; 1000 Govern
grain-fed steers and yearlings scarce. so
higher. instances more on heavy steers;
in-betweens all weights steady to 25 high
s end DnI Tommon E1nnl grassy ano native killers
choice stockers and feeders steady; heifers.
mostly 25a50 of; beef cows steady; cut
tiers. 10s15 higher: bulls. 15a25 higher:
vealers. 5oa15 up: extreme top weishty
linss. 1000; best heifers. $50: best west
ern grass steers. go; Western grass
heifers, $50; cows. up to 450: approx
mately $4,000 Western grassers in run.
largest of season; all strictly srain-fed
steers as high as any time this season:
'0e sheep neeek 4.e6o Conn eommeFc1sI; tse 800 Gov
ernment; for week ending Friday. 139
doubles from feeding stations 1890 d.
rects; compared Friday last week; fat
lambs. .50a75 higher; sheep strong; better
Grade feeding lambs steady; lower grades
native lambs late bulk natives g. 5a7 90,
with late bulk at outside; late bulk range
lambs. 675aL 90: early bulk of plainger
ssed sheer s sak rsnse ewes
best. 63-6e-ib. black faces. 6,i0a25:
lightweight. white-faced kinds. 4.50a5.25.
Hogs. 5000 including $500 direct;
ikf6 r about ABOUND ssasy to With h peuSas paay SHOP
pers took 600; estimated holdover. 900;
light light. good and choice. l40;16O lb..
5.25a6.50; light weight. 10000 h.. g; %
9 b,sSx medium r.sb, yslsh oo5o b. ooa aoa
275-550 Ib.. 5.25a6. .6O pigs. good and
choice. 100-130 lb.. 3.15ao.25.