davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-08-04
MARKET. MOVES
DOWN EASILY
BY WALL STREET SPECTATOR

BY WALL STREET SPECTATOR
NEW YORK, Aug. 4. G.N.SO
Stocks found it easiest to go down
yesterday, and no one seemed to
care particularly or to make any
effort to stop the decline. Lack
Of buying interest is becoming
pronounced, and it will take some
news to stop this.
Initiation talk was widespread
as the dollar turned weak, but
this seems to have lost it's old
charm" for the Speculator. A
good part of Wall Street wants
the President to make a real ges.
ture to the right, and will be dis
appointed if he doesn't.
Growing interest In commodi-
ties is one of the markets biggest
handicaps. Grains particularly
are monopolizing speculative at
tention due to the world crop
situation. In the last weeks some
of the big downtown traders have
liquidated lines of stocks they
have carried for a long time and
bought wheat, corn and rye with
the proceeds.
They must be patting them
selves on the back, for grains are
around the best prices of the
year and most stocks near their
lows.
Renewed reports of accumula.
ton in stocks sound more like a
hope than a fact. There un.
doubtedly has been a good deal of
buying since the break 10 days
ago, much Of it for pretty big peo-
pie. But it has been very Selective
and due to the fact that certain
stocks had come down to at
tractive levels. There have been
no signs Of any aggressive activity.
RumorS that the Melons were
buying some stocks can be at
tributed to the run-up in Gulf Oil,
one Of their pets. more than any
thing else. The others, like Alumi-
mum, don't show much of any
thing.
One investment group calls cur
rent prices for best grade bonds
highly speculative. It bases its
view on the low yields, running
little better than 8 per cent in
many cases, and the limited posi-
bility Of appreciation. Bonds Of
sound companies with a little less
gilt in the edges, but returning
around S per cent, are preferred.
Some movie companies are
showing good earnings. The in.
dustry will be out Of the summer
doldrums, its worst season, before
long.
The Washington times., 1934-08-04
Finance Company
Half Year Net Up

Household Finance Corporation
for the six months ended June sc,
reports net profit Of $1,832,O81
after charges, equal If applied
directly to preference stock to
$3.50 a preference share. This
compares with net profit of ST.
790,715 or $SS.41 a preference
share in the first half of 1888.
For the June quarter, the COM
pany had net profit Of $79S,S56
or $3.75 a preference share,
against $1.038,225 or $4.8S a pre-
ference share in the previous
quarter and $S07 ,683 or 1919 in
the June quarter Of last year.
The Washington times., 1934-08-04
V'';s; ::.o,Ssss s;';;;''' N. Y. Bond Quotations

NEW YORK, Aug. 4. G.N.S0.
The bond market turned lower
today as q renewal Of scattered
liquidation made for moderately
depressed levels in most sections
Of the list.
U. S. Governments were un-
settled by the widespread talk Of
initiation, although losses were
restricted. Federal farm mort
gage IS sagged 4-32 to 1905.
Treasury 4As of AS dipped 3-32
to 103.l4. Home Owners Loan
IS off 3-32 at 1904.
The best grade corporation
loans also were in supply, par
ticularly utility issues on the
adverse context of the PreSi.
dents views in his Oregon ad-
dress. American WaterworkS SIS
sold off 1h to 1014s, and Con-
Solidated Gas SIS dipped p to
los.
Rails were again forced down.
ward, with the Northwestern Re.
funding SIS declining a point to
As.
In the domestic corporation
list, Studebaker IS was off ~
points at AZ. Warner Pictures
IS declined 1A to 531a, and War
rem IS dropped B to 40h.
There was little Of note evid-
enced in the foreign group, with
the more active loans lowering
about previous closings.
The Washington times., 1934-08-04
N. Y. Curb Quotations

NEW YORK, Aug. 4 .(1N.SJ.
Reactionary tendencies were DOM
inant in dull weekend dealings
today, as withdrawal Of recent
supporting efforts permitted the
list to sag on but scattered offer
ings.
Utility shares were in persist
ent supply, following the renewed
blast against power and light COM
panies made in the Presidents ad-
dress yesterday. Losses UP to q
point were registered in Consoli-
dated Gas of Baltimore, Electric
Bond and Share, and American
Gas and Electric.
A handful of specialties dis
played outstanding strength. not
ably Parker Rustproof, which
jumped 2 points to So, and Ford
Of Canada A, which was up 1k
points at 21A. These gains were
more than offset by declines run
ming to a point and more In
American Cyanamid, B. Swift and
Glen Alden Coal.
Metals were lower. Alcohol
shares were nominally depressed.
Oils were moderately pressed
for sale, with Gulf off "a at SIS,
International Petroleum off u at
26h, and South Penn off " at
21h. Investment trusts were lit
tie changed, while the Cities Serv-
ice issues were absorbed around
previous cloSingS.
Speculative utility loans were
under pressure.
The Washington times., 1934-08-04
lHighl Low lclose

Florida: 12O boxes lines: SO crates
avocades; AZ baskets okra. ss baskets
eggplant.
Georgia: IS crates huckeIberries.
South Carolina: 36 half-bushel baskets
peaches; Al baskets lima beans.
North Carolina-620 crates cantAloupes,
154 baskets beans, 6S baskets okra, II
baskets lima beans, AZ crates huckle-
berries.
! Pennsylvania--66 baskets mushrooms.
New York-42 crates celery.
New York Clty-22' crates mixed vege-
tables.
New Jersey-2S crates huckleberries.
iCalifornia-45 boxes figs.
CHICAGO
CHICAGO, Aug. I.N.S.).-Butter-
14,451 tubs; firm: old cars. IL; new. Is;
creamery extras and standards, 25hc;
extra firsts. 24@24hc; firsts, 22%@
23hc; seconds, 21@22c; specials, ESQ
26kc.
Eggs-5,S21 cases; firm; old cars 9:
new, 3; current receipts. IAN @16kc;
fresh extra firsts, less than cars, 1Sc;
cars, 1sXc; fresh firsts. less than cars.
171sc; cars, 1sAc; dirties and checks,
II @14c.
Cheese-Twins, 11% @12c; daisies and
longhorns, 12A 012hc.
The Washington times., 1934-08-04
R.C.A. Quarter Net
Declines Sharply
By International News Service


Radio Corporation of America
realized a net profit Of $685., 1856 in
the quarter ended June 80, after
all charges and expenses, equal
after allowing for regular dividend
requirements on the per cent
preferred "A" stock, to 13 cents
q share on the IS preferred "B"
stock. There are accumulated un-
paid dividends on both preferred
issues.
This compares with a net profit
Of $1,235, ,725, or $1.04 a preferred
''B" share in the previous quarter,
and a net loss of $790,O48 in the
June quarter last year.
For the six months ended June
80, the corporation reported a net
profit of $1,771,581, equal after
preferred "A" dividends, to SLIT
a share on the preferred "B"
stock, against a net loss Of ST.
26S,211 in the first half Of 1888.
The Washington times., 1934-08-04
MONEY MARKETS

NEW YORK, Aug. 4 GN.s).-Call
money was held over today at per cent
on the big board and y per cent on
the curb exchange, remaining at Y to
per cent outside.
Time money rates held unchanged at
Y to 1 per cent for so to 1S0 days.
Commercial paper was fairly active
cent.
Bankers acceptances rates were NOM
inal and unchanged at u to Il per cent
for 30, so and 30 days, q to Y per cent
$50 and $50 days.
The Washington times., 1934-08-04
LOeW'S Net Profit
Doubles in 4 Weeks

Consolidated earnings statement
Of Loew'S Incorporated for the 40
weeks ended June z shows a net
profit Of $4,750,750, after depre-
citation, taxes and preferred divi-
dendS Of subsidiaries. This is
equal to $3.45 a share on the
common stock. In the same pc
riod a year ago net profit was
s., ,336.027. or $1.11h a share.
Operating profit for the 40
weeks ended June Z. 1884, was
So, 9,631,012, as compared with $4,-
695. 800 in the corresponding pc
Rod a year ago.
The Washington times., 1934-08-04
Railroad May Buy
II Switch Engines

Illinois Central Railroad is en-
tering the market for II Diesel
electric switch locomotives, ac-
cording to reports.
Chicago, Burlington 8E quincy
has ordered two three-car Zephyr
type trains from Edward G. Budd
Manufacturing Company. Gulf,
Mobile & Northern Railway has
purchased two high-speed trains
from American Car & Foundry
Company.
The Washington times., 1934-08-04
Western Dairy Co.
Net Loss Reduced

NEW YORK, Aug. 4.-WeStern
Dairy Products Company and sub
sidiaries for the first half of 1894
report a net loss Of $173,571, after
charges but before subsidiary pre-
ferred dividends, as against a net
loss of $177,143 in the correspond
ing months of 1888. Net profits
for the June quarter was SIS, 1858,
before subsidiary preferred divi-
dends, as against a net loss of
$188,S34 in the previous quarter
and a net loss of $30,965 in the
second quarter Of 1888.
The Washington times., 1934-08-04
Sterling Makes Bid
For Lyons Powder
By International News Service

By International News Service
Negotiations are under way for
the acquisition of DR.. Lyons
tooth powder, nationally adver-
tised dentifrice, by Sterling Prod
uctS, Inc, independent manufac-
turer Of proprietary medicines
and other products, which was
once controlled by Drug, Inc, it
is learned. Announcement of
the deal is expected to be made
shortly.
DR.. Lyons tooth powder is
made by r. o. Watkins Company,
of Cleveland Ohio. The Watkins
firm is a closed corporation,
with a capitalization Of "over
$500. .OOO,"
The Washington times., 1934-08-04
RETAIL TRADING
|SBR|GHT SPOT
ON HORIZON
BY International News Service

by HnGofR0tHOm0A NEWS service
Retail trade continues the
bright spot in the business pic
ture as industry is gripped by
the summer lull, according to
Dun and Bradstreet, Inc.
The review stated that retailers
entered the final month Of the
summer season under partic1-
larly propitious circumstances"
with the stimulus Of special pro-
motional events helping the de-
mand for hot weather needs.
Sales were placed 5 to per
cent above the week before for
many stores, and 10 to Is per
cent above a year ago for the
country as q whole.
Considerable optimism was ex-
pressed over the fall outlook de-
spite the restraining influence Of
the European political crisis, con-
tinuation of strike disturbances
and the effect of the drought IN
the West. Business in general
was expected to reach the levels
of last fall, but the rise was
expected to be more orderly and
without the extreme fluctuations
Of 1898.
Some action by the Govern.
ment was looked for to provide a
stimulus in order to provide mo-
mentum for the upturn. Indus
trial loans and speeding up the
housing program were two Fed
eral programs mentioned in this
connection. Industrial operations
were reported uneven but show
ing little change from recent
weeks, with employment holding
fairly steady.
The Washington times., 1934-08-04
LIVESTOCK MARKETS
BUFFALO

EAST BUFFALO. N. Y. Aug. Il.
N.S.) ).-Hogs-Receipts. 500; holdovers,
none. Active, to 10 cents higher;
better lots, 1sO-2sO pounds; averaging ing
pounds, averaging 16O-1sO pounds. $5.15
@5.SO; few rather plain. $50 pounds.
$500.
Cattle-Receipts, SO. No Governments.
Better grade steers and yearlings gen
orally rs cents higher during week
Grassers strong to 25 cents up: supply
moderate. Several loads strictly good
and choice, 1895 pounds. steers, $3.50;
yearlings and hghtweights. 1925; bulk.
dryfeds; s7.5O@S;1O; rough steers and
$475 $3.50; bulk. common grass steers
and heifers. 1925 @4.5O; low cutter and
cutter cows, $1@2; medium bulls. SO.
Calves-Receipts. 25. No Govern
mentS, Vealers closed active; so cents
over last week. Good to choice. $3.50;
common and medium. $450@5.75.
sheep-Receipts. SO. Lambs, so cents
to 81 higher during week. supply
light. Good to choice leniently sorted.
$3.50, equivalent to So: common and
medium, $5.50@7; inferior throwouts,
$4@5.
The Washington times., 1934-08-04
BOE|NG SEEKING
CONTROL Of
AIR FIRM
BY LESLIE GOULD


Negotiations are underway be-
tween william E. Boeing and
other large stock interests in the
former United Aircraft and
and Transportation Corporation
for an exchange of holdings that
would give the former virtual
stock control Of the new. Boeng
Airplane Company, it is learned.
Boeing Airplane is one Of the
three units set up under a split
I'D Of the United Aircraft and
Transport. The other two are
United Aircraft Corporation,
which took over the Pratt & Whit.
ney or Hartford activities of the
old company, and United Air
Lines Transport Corporation,
which took over the air lines.
In the split up, stockholders in
the old United Aircraft and Trans
port received stock in the three
new corporations on the basis Of
one share in the new United Air
craft, one-half q share in United
Air Lines and one-Quarter of a
share in the new Boeing Company
for each share of the old stock
held.
Would Exchange
The deal under negotiation is
between Mr.. Boeing and the for
mer United interests, now largely
identified with the Hartford Com
pany. The plan calls for the ex-
change of Mr.. Boeing's holdings
in the Hartford Company for the
holdings Of that group in Boeing.
d. The exchange would be on the
same basis as that of the split up
OF the old parent company.
This deal would give Boeing
virtual control of the Boeing COM
pany, which he founded and
merged into the old United Cor
poration and would clinch the
hold of the Hartford group on
that corporation.
The Hartford group is under
stood to include Frederick B.
Rentschler, former president and
vice-chairman of the old United,
and Charles w. Deeds and George
j. Meade. These were the three
that developed Pratt & Whitney,
following its enforcement from
Niles Bement Pond some years
ago.
Was Lumberman
Boeing was board chairman Of
the Old United. He is a native
of Detroit and is So. He quit
Yale in 1908 to go West and earn
his fortune. He started in the
lumber business in Washington,
settling in 1908 in Seattle.
He became interested in avia-
ton and in 1915 learned to fly,
taking lessons at Los Angeles.
Aviation became a hobby with
him, and he with Captain Wester-
velt, naval officer stationed on
Puget Sound, built two expert
mental planes. They sold these
to Government. This led to other
orders, and shortly afterwards the
Boeing AirDlane Company came
into being. This later became the
hub of the old United Aircraft.
The Washington times., 1934-08-04
Steel Jobs Hit
4Kear High
BY International News Service

BY International News Service
Steel industry employment in
June reached the highest level
in four years, the American Iron
and Steel Institute reporting
455,966 men at work, q gain Of
6,6O4 over May and 1880 over
. year ago, it was announced
today. A reduction in average
working hours from 36.6 i'm May
tO 35.7 In June was responsible
for q $2,42S,267 decline in wages
to $4S,4 ,466,664. In the year, en-
plOyment increased IS per cent,
total wages 66 per cent, and
average hourly earnings IS per
cent. although June 1884 Oper-
ating level was only 16 per cent
above the same month in 1888.
The Washington times., 1934-08-04
n. Y. Telephones
Loss Is Seasonal

In line with seasonal expert
ence, the New York Telephone
Company in July had a net loss
of 1875 telephones. The drop
compares with a loss of 0,402
units in July, 1888, and 42,953
in 1892.
For the first seven months of
this year, the company's loss in
active units amounted only to
2,2O4 stations, compared with a
loss of 12O,177 in the like part
of 1888, and a drop of 15S,952
in the corresponding period Of
1892.
The Washington times., 1934-08-04
CLOTH SESSION QUIET

NEW YORK, Aug. U.NS).-With
the exception of a moderately active
session in the last day OF the period,
the coarse yarn cloths market expert
enced apother dull and generally quiet
Of print cloths developed early in the
day and stimulated a little more buy
ing, principally from a restricted num-
Der of printers 1t was said to be COW
ering against finished goods business.
The Washington times., 1934-08-04
Favorable Changes
Ahead of Year Ago

Favorable dividend changes in
July totaled SO, as compared
with 1873 the month before and
II in July, 1888, according to the
Standard Statistics Company.
For the first seven months Of
the year. the total is 1872, against
only 353 a year ago.
The Washington times., 1934-08-04
BANK STOCKS

NEW YORK, Aug. 4 N.S).-Quota-
tions on the following securities are OBJ
tanned from the Security Dealers Asso-
citation of New York. There are no Off
cial quotations. This iS q bid and ask
market and the actual sale Of securities
is often subject to negotiations.
IL m. bid and ask prices with Fridays
closing bid price for the leading hank
stocks follow:
The Washington times., 1934-08-04
PITTSRIIRGH

PITTSBURGH. Aug. U.N.sD-Hogs
Receipts, 500: market active. lee
lower, steady. Heavies $4.75@5.25: me-
dium, $5.45@5.50; light, 5000: light
lights $4@4.O; packing sOws. $500;
pigs $3@375.
Cattle-Receipts, Is; market nominal.
xSteers (S00-1,1 lbs.), good, S4.75@6;
xheifers (550-S5O lbs). good, SS.7504.5O;
cows, good. t2.75@s.50; bulls. good
beef, $3@S.50.
Calves-Receipts, 100; market steady.
Sheep-Receipts $50; market steady,
l0c lower. Lambs, good and choice
CSe lbs. DOWN.. $6@7.25: yearling wsth-
ers. good and choice, $4.SO95: aged
wethers medium-good. $263; ewes, good
and choice. &2@2.25.
IxNot extreme limit OF Erade.l
The Washington times., 1934-08-04
MINING PAYMENT

Mohawk Mining Company has
declared q nquidating dividend
of 81, payable August 81 to
stock of record August II. On
March 10, last, a liquidating
dividend Of $3.50 was paid.
The Washington times., 1934-08-04
ATLAS POWDER PAYS

The Atlas Powder Company has
declared the regular quarterly divi-
dend of so cents on the common,
payable September 10 to stock Of
record August 81.
The Washington times., 1934-08-04
ARE YOU
LISTENING

People who lose things ana
those who find them have
something in common and 1t
is necessary that they have
some specific place to ex-
change information. 1t iS
sufficient to ada that MOST
announcements Of this nature
are published in the Lost and
Found columns Of this news
paper; they are also broadcast
every day at IL noon over
VOL. Be sure to listen-in!
The Washington times., 1934-08-04

Tk1lBh nj Low VCIOSe.
Internal Pet Ltd .... 26h 2Sh 2sA
ItSiIsn ItSInE sap AiF & eA ..::::: .::. * Il x
Jonas Jonas Z NmH Pt; ;,"..I ,ss% ,ss% ,ss%
Kirby Petrol ......... IN III 1%
Knott Corp .......... ~
Lake Shore Mines ....l So 52NI 53
Lehigh C & Nav. ..... IN TN TN
Loblaw Grocer A.....l 17hl 17hl I'm
Lone Star G ......... S S
The Washington times., 1934-08-04

U. s. Government High Low 1:1s 1
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11
THE BLUNDERER IN CHIEF

s rom y
effectively than by picket
Parking s q necsl
mtd exercise their constitutional
Qua
Then strike headquarters rad the early with display
0aensy this raid and
a miiar permit
In all this time the federal mediors employers and the
MOL Bundn
The Blunde-nC tn complex.
He will probably o Ryan
At II o'clock
night if the toan agremen
Sunday
the big niche in the Hall
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11
DO YOU KNOW !
OUR ADVERTISERS

The Independent Grocers
Baking Co., 80 Third avenue
Northeast, is one of the finest
equipped plants in the country.
It employs Ga men and women,
all residents Of the city ; it oper-
ates IL trucks and best of all is
owned by Independent Mer-
chants Of Minneapolis. It in
vites the public to visit and in
spect it's plant any day Except
Sunday between 2 and 4 P. NJ.
And if you're out in the Lake
Street neighborhood, drop in at
the President Cafe and order
lunch. Don't forget the lager !!
If you don't like lunch, beer or
service, tell the proprietor. If
you do, you II tell your friends.
Then there's Spud's Beer Gel
lar. Not so far out. See the ad
and get the location. You'll
be treated courteously whether
you spend a dime or a ten case
note.
Take the Miller & Co. "Eat
Shop" That doesn't mean you
can't irrigate your tonsils at
Millers. Sure you can! And
the prices are fright.
And the "Big House. /" It's
just that and in more ways than
one. They treat you in a big
way. And courtesy flavors food
and drink in any mans place
Of business, believe you me.
If you like baseball returns
with your chow, get them at the
Dakota Recreation Parlor.
They re both excellent. The
boys ask you to make their
place your headquarters. They
mean just that and you're as
welcome as the first robin after
a long winter.
The, Budapest. All! that s
where they shove out the old
Hungarian dishes, ehf Give
your digestive organs a real
thrill by eating a hearty Hun
earian meal. You II be surprised
how your heart will warm Up
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11
HOW TO SOLVE A CROSSWORD PUZZLE


BY
.
IN
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11
sUBDUED !!
London Humorist

Teacher was giving q lesson
on the weather idiosyncrasies Of
March. "What is it." she ask.
ed, that comes in like q lion
and goes out like a lamb?"
And little Julia in the back
row, replied. 'fsthsr. -
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

The Gold Bubble Cafe. Boy,
that's where you rest your eyes!
If that spot has an equal this
side of Chicago, no one knows
the other location. IT'S T" scrump-
CONTINUED on page g.
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

and your feet itch to test that
dance floor. Try it once. You'll
60 back for more. They all do |!
There's the Sheehan Grocery
Company down on Washington
avenue. Ever try trading there?
| rather like John Sheehan, be-
cause when the rest Of the In
dependent merchants got scared
stiff because I didn t crawl in a
bomb proof cellar when the
communists tried to take" the
city, and hauled their ads out as
fast as they could get to a
phone, John Sheehan stuck. So
if you admire a man who dares
stand fast for what he believes
to be right, patronize the Shee-
han Grocery when you re down.
town.
The Third Street Cafe. Read
over the names Of the fellows
who own and operate that
choice oasis. Old timers, every
one Of them and gentlemen of
the old school. Give them call
and if you aren't more than
/ satisfied with the treatment
given you, throw a brick
through my window. l know
them and if the world contained
more fellows like those chaps
are, we d all be better off.
Now take a look at the j. O..
Peterson & Sons, drug ad. It
tells the story in one word
PRESCRIPTIONS. Not a
column about cosmetics, soda
pops or bargains in gum drops.
Prescription" the one thing
that requires brains to fill in a
"drug store. - Any half-wit can
wrap a bottle Of patent "medi-
cine" in a paper, but when it
comes to filling prescriptions it
takes brains. You II find them
in every one of the j. o. Peter
son & Sons drug stores.
j The South Side Mite Club.
Those chaps have advertised in
Saturday Press ever since it
"was" and I've yet to hear of a
patron Of that club make q kick
about treatment or chow. They
have most excellent troup of
entertainers and class of mu-
sic that would start the feet of a
wooden man patting the maple.
i "Bill" Shippel's garage is at
); least one garage where you can
bank on having your cars all.
ments cured instead of in.
creased and if "Bill's" prices
don't suit, you can't be suited
He'll do the work so cheap
!. you'll feel like you'd been
caught in a neighbours chicken
coop with your sleeves full Of
fryers and your pockets full OF
eggs.
The Palace Theatre, the larg.
est theatre in the loop and one
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

The Fifth Street Lunch Room.
Bite your sandwiches there
when in that vicinity.
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

And that "Old Country
Lager" ad. I'd tell you how
good that beer is, only the tell
ing wouldn't quench your
thirst. Call them UP and order
a case-when we get tired of
letting the communists run our
city.
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

and your feet itch to test that
dance floor. Try it once. You'll
60 back for more. They all do
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

cool, comfortable, orderly.
Courteous attendants, excellent
liquors, the choicest of foods.
Try The Harbor.
The Saturday press. (Minneapolis, Minn.) 1927-1936, 1934-08-11

Have you read "The Harbor
adf Do it. It's one Of the
choice spots In the city. Quist,