davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-09-01
A. B. A. Journal Urges Early
Removal of Uncertainties

tty were less pronounced than
anticipated.
"The Atlanta district continued
to show increased sales over
last year-a condition which
has existed from the beginning
Of the Governments cotton
bOuntieS. Trade in d a Ia s
showed its first marked decline
since January. Richmond en-
joys considerable improvement
over last year.
''In New York and New Eng
land trade continued far better
than might be expected though
1t was becoming increasingly
SpOtty. New England had the
best tourist season in several
years as reflected in satisfactory
retail trade. Philadelphia Simi-
larly showed improvement in
volume Of retail trade.
"The industrial situation was
dominated by the depression in
steel. The general average out
put for the industry was around
26 per cent Of capacity, slightly
increased in mid-mOnth by q
demand for tin plate for can
ming beef taken off the live
stock market by the Govern
ment as q relief policy but later
reduced by the prospect Of .
lower output in normal fruit
and vegetable canning"
The Washington times., 1934-09-01

Uncertainty in the business out
look is of a nature that can be
dispelled only by a clear and
unmistakable definition Of the
Administrators purposes. says
the September issue Of the
American Bankers Association
Journal in its business review.
Hope for a substantial upturn in
loans to industry rests on a def
mite reinsurance to business con-
Germs which are potential bor-
roWers as to the rules under
which they are expected to oper-
ate and this should be enough to
increase the demand for credit,
the Journal says.
Demand for credit continues
at low ebb in spite Of unusual
efforts by banks to discover
desirable borrowers, and de-
spite the strong and constant
support accorded by business
and banking to sound elements
in the Governments plan," the
review continues.
"The drought registered its
effects in a heavy decline in the
wholesale and retail trades In
the central west, particularly in
the st. Louis and Minneapolis
districts, but on the whole the
immediate effects Of the calam-
The Washington times., 1934-09-01
RFC HELPS RAIL
To REORGAN|ZE

Minneapolis & st. Louis Rail.
road Company, in receivership
since July, 1923, Is about to be
reorganized with the aid Of a
$12,750,000 loan from the RFC.
Proposals along this line were
approved at meeting Of the re-
reorganization committee. A res
olution was also adopted recon-
mending that the Federal court
postpone for 60 days an order for
the sale Of the line set for Sep
tember 5. A subcommittee COM
posed Of F. J. Lisman, w. w. Coll
pitts and Philip Roosevelt was
appointed to promptly effectuate
the plan.
Announcement by the commit
tee said the RFC has agreed, SUBJ
ject to approval by the Inter
state Commerce Commission and
other conditions, to advance the
funds. One loan of $4,750,000
will be secured by a closed first
mortgage and the other Of
$8,OOO,OOO on the entire property
of a successor corporation which
it is planned to organize under
the plan.
The new company will take
over substantially all Of the prop
erty of the present system.
Proceeds of the loan will be
used to repay receivers certificates
at par. Other. obligations, such
as preferred claims and the Mer-
rian Junction Alberta Lea divi-
sions, will be retired at discount
commensurate with the situation.
Remaining cash is to be used
for organization expenses of the
new company and all reorgariza-
ton costs, subject to I. c. c. ap-
proval. Holders of six other
bonds of the system are to re-
ceive noncumulative adjustment
bonds and common stock en- a
basis which has been arrived at
by arbitration.
The Washington times., 1934-09-01

The United States will begin
Immediately negotiation Of new
reciprocal trade pacts with Brazil
and Haiti, according to Undersec'
retary Of State Phillips.
The committee for reciprocity
information announced at the
same time that all information
and views in writing and applica-
tionS for supplemental oral presen'
tation concerning the proposed
Haitian agreement should be SUBJ
mitted before October 8, and that
oral hearings would be held on
October Is.
Presentation of all data con-
corning the proposed Brazilian
agreement should be submitted
by noon, october is. Hearings on
the proposed Brazilian agreement
will be held on October %.
In making the announcement
Phillips explained that, since the
Cuban trade agreement had been
reached and articles signed, the
Brazilian and Haitian negotiations
would mark the second step in the
Roosevelt Administrators trade
expanding negotiations under the
trade agreements act of June H.
Exploratory studies relating to
trade agreements with a number
of other countries are well ad.
vanced, the department. said, and
further announcements will soon
be made.
The department said trade be-
tween the United States and Bra
zil had shrunk enormously in the
last five years and in the agree
ment every effort will be made to
reduce excessively high tariffs and
remove other trade obstacles.
Exports from the United States
to Brazil fell from $108, 100000 in
1929, a peak year in American
foreign trade, to $29,000,00O in
1893, and American imports from
Brazil fell from $207, 100000 in
1929 to $82 2,0OO,0 900 in 1888.
Despite this shrinkage, the de-
partment said, the United States
remains first as both buyer and
seller in BraziPs trade.
The Washington times., 1934-09-01
V''ss; :Ss;.!sssS !;;;''' N. Y. Bond Quotations

NEW YORK, Sept. / G.N.S0.
The dullness in the stock and
commodity markets was com
municated to the bond list today.
United States Government bonds
trading, which in the past sew
eral weeks had been accounting
for half the total turnover, fell
sharply today.
Only few Of the Government
bond issues were dealt in today
and price changes were small
with no definite trend appearing
in the market.
In the domestic list the dull
ness in the second grade and
speculative rails, ordinarily the
most active section, was illustra-
tive Of the apathy of the market.
st. Paul IS were unchanged at
29h, while the adjustments
gained " at 9h. Rock Island
convertibles were off " at 7N.
Communications were fairly &C.
tive with International Telephone
steady, while Western Union IS
of 1888 eaSed moderately.
New York city fractions were
moderately active on the down
side.
In the medium price rails
Southern Railway general IS lost
a point and the IS Of 1855 u Of
a point. Germans dropped to
new lows in light trading with
the Dawes Is off ~ at 33h.
The Washington times., 1934-09-01
TexasBuildine
Slows Down

Reports from the chambers of
commerce in 80 Texas cities
showed a decided slump in
building permits during July,
both in comparison with June
and with July, last year, ac-
COrding to the University of
Texas Bureau Of Business Re
search.
Permits in these cities tOtaled
only $1,OO7,351, against $685.
$40 in June and $2.396,572 in
July, last year, declines Of Al
per cent and So per cent, reSpec-
lively. Cities showing gains
over June. were: Austin, Beau
mont. Fl PasO, Lubbock, Meal
len, Marshall, Pampa, Port Ar.
thur and San BenitO. Those
showing increases over July, last
year, were Brownsville and Cor.
puS Christi.
The Washington times., 1934-09-01
RETAILING RISE
PICKS Up
SPEED

NEW YORK, Sept. / dN.sJ
Retail trade continued to pick up
momentum in the final week Of
August, climaxing Unexpectedly
good volume since the end of
June, Dun & Bradstreet, Inc, de-
clared in their weekly review.
This new impetus, which leads
to the prediction that fall volume
will exceed a year ago contrary to
earlier expectations, resulted in
retail sales as much as IS per
cent above the preceding week
while the margin over a year ago
ran from 8 to IL per cent. Gains
in some parts Of the Southwest
were as high as Is to 80 per cent.
Adverse effects of the drought
on merchandise distribution were
heavily over-emphasized, the sur.
vey continues, and reinstatement
of still more orders in the whole
sale markets is attributed to the
distribution of Federal funds for
relief of the burned areas. The
survey says:
SHORTAGE FORESEEN
The greater diversity Of pur-
ChaseS this week has embOld-
ened retailers to revise their
fall buying programs upward as
an actual shortage Of goods now
is fOreSeen in a number of d.
visions. Inventories not only
have been reduced steadily since
April but in many stores are
less than half the size Of a year
ago.
Stocks held by manufacturers
are negligible due to voluntary
of cOde.enfOrced, curtailment,
50 the sudden increase in orders
has revived hope Of a widening
of September operations in in
dustry.
Besides, it is now realized that
nothing is to be gained by a
further pOStpOnement of COM
n1itmentS. With food prices ris-
ing and wage costs advancing,
higher charges for manufac-
tured goods cannot be delayed
much longer"
Dun & Bradstreet express little
apprehension over the textile
strike, declaring "ai1y prolonged
tie-up in fabric mill channels will
serve to strengthen the market
and lead to an active business in
the late fall
The Washington times., 1934-09-01
GREEN REPORTS
FEWER JOBS

Unemployment has been increas-
ing steadily since May, accord
ing to estimates of the Fed
Grafton of Labor. The fedora
tion's figures based on monthly
statistics of the Government,
showed unemployment at 10,248,-
900 in May, 10,31O,000 in June and
10,772,0 900 in July. Although Gov
errment figures are not yet avail
able for August, the report indi-
Gates that unemployment in
creased still further during the
first part of that month.
William Green, president Of the
A. F. of L., said that the state
ment of Donald Richberg that
100000 were reemployed from
June, 1888, to June, 1884, is ex-
actly confirmed by A. F. of l..
figures. Green suggested, how
ever, that present unemployment
figures and present trends, which
the Richberg report failed to dis
cuss, are of a different nature.
In the first place, 100000 Of
the 100000 reemployed, went
back to work between June, 1888,
and October, according to Green,
with only the remaining 100000
being reemployed between October,
1888, and June of this year.
In the second place the number
seeking work is increasing more
rapidly than the number leaving
their jobs. This is attributed by
Mr.. Green to the large increase
in the number of young people
seeking jobs for the first time,
which amounts to approximately
100000 a year.
The Washington times., 1934-09-01
TRADE OUTLOOK
IMPROVED

In its weekly summary of the
general business situation, the
Standard Statistics Company cur
rently comments as follows:
"A number Of uncertainties in
the business situation have been
lifted, although such factors as
the serious strike situation and
more open opposition to restric.
tive governmental activities re-
main distinctly unsettling.
Nevertheless, a somewhat better
feeling has developed in some
sections Of the country, and
broad industrial trends over
early future months should be
upward.
"AlIeviation Of monetary fears
alone has been responsible for a
considerable improvement in
business sentiment, as it allows
a more secure basis for business
planning.
Indications are still accumu.
lating, moreover, that the sum-
mer decline in production has
ended, and several basic indica-
tors are turning upward. Mate
rial progress obviously will await
the passing of Labor Day, but
subsequent average trends
should show gradual improve
ment, with gains concentrated
mainly in consumer goods lines.
"That inventories Of such
goods have been largely depleted
is shown by the well-maintained
levels Of both wholesale and re-
tail trade during the past sew
eraI months Of receding prOduc-
tiOn volumes. Thus, at least q
moderate amount Of new buying
apparently must be forthcoming
in the early future to satisfy fall
FeuuirementS,"
The Washington times., 1934-09-01
J.W. Hanes to Head
Tobacco Exchange

John w. Hanes, Of Charles D.
Barney & Co., has accepted the
presidency, and John L. Julian, of
Fenner and Beane, will serve as
first vice president of the New
York Tobacco Exchange. Their &C
ceptance of these posts completes
the executive slate of the new
exchange, which has established
headquarters at 80 Broad st.
The Washington times., 1934-09-01
Packard Motors
New Cars Ready

Public announcement Of the
Packard Motor Car Company
new models will be made
over the weekend. More than a
thousand members Of the com.
pany's distributing organization
have gathered here for a three
day convention which will culmt-
nate Saturday in a driveway OF
more than $50 new model Pack.
ards valued at over $1,250,000.
The new models are said to en-
body important changes in ap-
Oearanc-
The Washington times., 1934-09-01
REGULAR QUARTERLY

Greif Bros. Cooperate Corpora
ton has declared the regular
quarterly dividend Of Is cents on
the class A common stock, payable
october l toastock Of record Sep
tember is.
The Washington times., 1934-09-01
PIPE LINE PAYMENT

South West Pennsylvania Pipe
Lines Company has declared the
regular quarterly dividend OF 81,
payable October / to stock Of rec
ord September is.
The Washington times., 1934-09-01
MARKET THIN;
LITTLE GAIN
By WALL STREET SPECTATOR

By WALL STREET SPECTATOR
NEW YORK, Sept. G.NSO.
The stock market worked itself
deeper into the rut yesterday as
the ticker stopped and started
SpaSmodically in reporting the in,
frequent transactions on the floor.
From the tape appearances the
late firming of the list was due
as much to short covering by
traders who didn't feel like stay.
ing with open commitments over
the weekend as to anything else.
The volume Of trading, however,
still is so low as to minimize the
significance of any changes that
occur from one session to another
The market is so thin currently
that the sale. or purchase Of sew.
eral hundred shares Of any issue,
even the most active ordinarily,
is enough to send the price up or
down a point at a time.
The Washington times., 1934-09-01
Traders are awaiting the Treas.
ury financing announcement.

In informed bond circles an an
nouncement is being looked for
over the weekend. If it doesn't
come then it will come before the
end Of next week, since the Treas
ury must act before September Is.
The recent weakness in the Gov
ernments has pretty well dispelled
any hopes that the Administration
will be able to or will chance a
long-term offering at this time.
For one thing, the banks are not
expected to be very enthusiastic
bidders for any but comparatively
short-term Governments right now,
with all the talk Of further de-
valuation going the rounds.
Recent action Of the rails has
aroused considerable talk.
The Washington times., 1934-09-01

Mr.. Joseph James, manager
and owner of the Vienna Hat
Co., 435 11th st. N. W., says,
"Believe It or Not" he has sold
enough hats in the % years Of
business, if distributed evenly.
every man, woman and child in
Washington would have a new
fall hat.
The Washington times., 1934-09-01
Believe 1t or Not

Mr.. J. j. Sheely, Of the Capt.
tol City Monumental Works,
Bladensburg Road at Mt. Olivet
Cemetery, says, Believe 1t or
Not" that Admiral Dewey's
original tomb can be seen at
his plant. They design and
manufacture mausoleums and
monuments and erect them any.
where.
The Washington times., 1934-09-01

Mr.. w. o. Pruitt, of the
Termite Control Co., 207 Ma
tional Press Bldg, says that,
Believe 1t or Not" the queen
termite lays eighty thousand
eggs per day and Is the mother
II the entire colony, and has
been known to live for thirty
years. The Termite Control
Company, Of Washington, has
treated many Of the best and
most outstanding homes and
buildings in this section, in
cluding the Pan American
Union Building.
The Washington times., 1934-09-01

MIR. d. L. BrOwnell, of D. L.
Brownell, Inc, 1923 18th st. N.
W., says, Believe It or Not"
this is one Of the few oldest
firms in Washington still owned
and operated by the original
family that started it in 1873.
During this sixty-one years,
fifty-seven oi it were spent in
one building on Pennsylvania
Ave. When you want silver,
chromium or nickel plating, D.
L. Brownell, Inc, 723 18th st.
N. w, the Pioneer Platers in
Washington, is the place to
take it.
The Washington times., 1934-09-01
CLASSIFIED SERVICE
"BeIieve 1t or Not"
Beev Nots
Firms who featuring unusual the month Of September

All TrGUsl Service
COMPLETE T, TRAVEL SERVICE
baggage and Accident Insurance
A. TfayesFs ,oT S 6i.sS ShssGpss Money Orders
AMERfc%a SHSsH5!Sa E GxPREs PRE- IS eoIPxSY fESHSSY
14l4 ST. N. w. MAJ. 1076 and 12oS
Ambulances
ANBULANCEs
CHAMBERS
CLEAN ERESa a8,A1ASDD AND SSSA4NII7TIAIRY "a NII7II
81 Any PLACE m b. 9.
CALL COL. 0432
Anchor Fences
ANCHOR FENCES )" S;i;i';; &: S:,. S''''
Auto Brake lining
VELVET0cCH BRAKE LINING
,ooo Safe; =, Silent. sure ,T s,o,
Auto Glaze
WINDSHIELD glass. S2.25: Any size door
$40. Turner. rear i4i7 P NV. DE. 279S.
Not Over $500
Ne" Wind'5islds Ss ds as Low as
Our Guarantee
Will replace free of charge II glass
is broken within months for any reason
We have satisfied hundreds, and we
can satisfy you. 5000 cars in stock for
Auto Parts for Any Make Car
GLASSERS
2nd 4 Fla. Ave. N. e. ME. SS67.
Open Sunday. to p. m.
FEDERAL AUTO PARTS co. Line. ss44.
1246 11th s. e. Used Cars, Used Parts.
Auto Wrecking. Tires. Auto Glass Bat
terles. All parts guaranteed.
Auto Service
STARTING lighting. ignition, motor tune.
18TH st. me r. w. A9se%Gti7s North 7ses Service 1928
DODGE AND GRAHAM SERVICE
Auto dn GSveSs Seat GSysT gSdy
1909 M St. n. W. Sterling e5O4
CLIFTON sTiNNErr North 7o1e. Gem
paired. serviced 36,500 automobiles. 9O4
Barry Pl. n. W.
Auto Trouble?
CALL CARL
Incorporated
Phone Dist. 2775. Branch 76, and we
will reserve an hour for your
FREE MOTOR ANALYSIS
No obligations-official "A.A.A." service.
614 II ST N. w.
The Washington times., 1934-09-01

Mr.. Herman Carl, President
of Call Carl, Inc, 614 H st. N.
W., says that Believe 1t or
Not" Call Carl, Inc. formerly
Frederick Carl, then Frederick
Carl, Inc.), in business in Wash
ington over A years, made the
first working models Of the
electric street car, bottom dump
coal car, letter canceling ma.
chine and the first auto re-
placement parts in Washington,
and now annually services from
10 to Is thousand automobiles
for everything pertaining to
the car,
The Washington times., 1934-09-01

MIR. j. j. Campbell, Of the
Campbell Photo Service, 1917 H
St. N. w., says that, Believe
1t or Not" Campbell Photo
Service, of this city, has used
during the past two years
enough paper for photo repro
ductions to supply identified
ton photographs for one half
the people Of the United States
over 55,0O0,OO0. or Photostat
Copies of all Pay Checks to
Government Employees in the
District of Columbia for one
year-2,115, ,000."
The Washington times., 1934-09-01

IAAIbHT ~" TNIUSV
Argentine IS A 57.... san 92H san
Argentine IS 5S... SO SO 83
Argentine IS June So. SO SO SO
Argentine IS Oct So. SO SO SO
Australia 4hs 6S...... SSh SSh ssh
Austrian rs 43 .......l 98h 9Sh 9Sh
Batavian Pet ans 52..I11O ITO I11O
BslEium BsyaGin sssts 8: SIS A. 90 sS 90 sS 80
The Washington times., 1934-09-01
WITH APOLOGIES TO RIPLEY

Musicdl InstTunsnts
BABY GRAND-A we'll built piano, with
good tone. Only $205.00. easy terms.
kits. 1880 St.
The Washington times., 1934-09-01

Recent action Of the rails has
considerable talk.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-12-13
OLD MEMS DOLLARS

r every young mans poeketoook,
says Paul Speicher. Managing Editor Of
The Insurance r. 4 +. Service. are two
incomes, but only one Of those incomes be-
longs 70 the young man who has earned
t. The other income belongs to the old
man he viii be some day. The young man
IS simply the trustee Of the old mans
money
This young man Of whom Mr. Speleher
speaks can preserve the old mans money
only. through MISUNDERSTANDING putting
away part Of what he earns today to
provide against the needs and exigencies
Of tomorrow And Of eli investments which
viii build up the old mans estate, HE In
surance. - far As the average person IS
concerned. S Tar and away the best. It
represents the highest attainable standard
Of safety Il pays reasonable rate of IN
terest 4 eliminates the element of risk
So far IS that IS humanity possible. And Il
solves a difficult psychological problem
+ we have money IN the bank or in some
investment where il may easily be OBJ
tanned. i IS only human 70 spend It for
something that seems essential at the time,
and may seem non-essenfial on some future
morning when the money IS gone. While
money invested In lie insurance can as
rule be Withdrawn IN part or borrowed
zhon. t IS 3 well known fact that most
people viii go 70 almost any extremity be-.
fore impairing the value Of their fassif
ance.
Al men. at one time or another. face
the problem Of getting an old mans dollar
ont q ; young mans pocketbook. Thou
sands Of old men now living are dependent
On charity or on relatives for subsistence.
TIE young men fell down on the job
they failed IN their trusteeship. viii that
be the case IN the future-or viii the
young men Of today face the facts and act
accordingly Increasing sales Of life IN
suranee indicate that legion Of them are
doing the last.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-12-13
CURRENT EVENTS TEST

Believing that those who seek jour
nalistic career should be informed con-
corning current events. the Pulitzer School
Of Journalism at Columbia University has
required applicants for admission to the
school to demonstrate their knowledge of
what Is going on in the world.
The test included subjects about
which readers Of newspapers should be IN
formed to a reasonable extent, as may be
seen from the following requirements:
Write 500 to 500 words. giving your
opinion on the relation Of newspapers to
government.
Write about goo words stating the
facts on either of the following:
a. Reorganization Of the NRA. b.
The textile strike.
What news event reported in this
evenings newspapers do you consider the
most significant? Why?
Write 100 words each on five of the
following:
a. Bill of rights. b. Brain trust. c.
S. S. MORO Castle d. Current football
season. e. Saar plebiscite. f. Americas
cup G. MISUNDERSTANDING air ace h
Upton Sinclair. i. Sinclair Lewis. j. In.
fsasion.
We wonder how many of US could pass
such a test satisfactorily
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-12-13
4 PICTURE THAT APPALs

Can you actually visualize, in your
mind, the appalling report that one out of
every six Inhabitants of the United States
is on relief?
Isn't it hard for you to realize that
the great land of opportunity. so-called but
a few years ago. IS today filled with men
and women. whose hopes have turned to
ashes and whose daily bread depends upon
a thoughtful republic?
Don't you realize. as public spirited
man or woman. that until there IS an
economic upturn that viii give to these
unemployed an opportunity to work, no
other problem can compare with It IN
gravity 50 far. Is the real welfare of the
nation is concerned
The Citizen has no idea when the i'm
proving economic condition Of the United
States viii be strong enough to again fur
nish work for all our people It believes,
however, that the people Of Key West do
not wish to see little children, now grow
ing up, suffer rreparable damage through
the misfortune Of their parents, now caught
II = maelssrom or economic and social cur
rents.