davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-07-07
TRADING IN STOCKS
SINKS TO 1b,0)O.
Prices Hold to Fractional
Range and End Week at
Steady Levels.
BY VICTOR EUBANK,
Associated Press Financial Writer.

NEW YORK, July THE stock
market dozed through the greater part
of tcday's brief proceedings and
prices, with the exception Of scattered
issues, held to a small fractional
range. 1t was another one of the
dullest sessions in the last 10 years,
transfers approximating only l75,000
shares. The close was steady.
Few SPECTATORS could be lured into
the financial district for the halliday
business owing largely to the contin-
uance of the heat wave and the small
chance Of making any profit In the
current sparse share dealings. News
of importance was scarce.
Grains apparently took their cue
from the listless stock mart and did
virtually nothing. Wheat, corn and
oats generally moved in eighths of a
cent a bushel. Cotton was bit soft
on reports of additional rains in some
of the dry districts. Bar silver was
pushed up "a Of cent an ounce to
1874 cents to again equal its 1884
high and the best price since 1890.
Bonds were quiet and fairly even with
prime issues retaining their positions
around peak levels for the past sew
eral years. The dollar was a little
higher in terms of the principal for
eign exchanges.
Shares of Case got up a point on
a few transactions, and minor gains
were registered by du Pont, American
Can, Montgomery Ward, American
Sugar Refining, Armour of Illinois
preferred, Borden, Paramount, Lig-
gett & Myers B. Reynolds B, Santa
Fe and Alaska Juneau. Such issues
as American Telephone, U. S. Steel,
Bethlehem Steel, Consolidated Gas,
Chrysler, General Motors, Johns
Manville, International Harvester, N.
Y. Central, Union Pacific, Kennecott
and numerous others were unchanged
to slightly lower. U. S. Smelling
dropped points and Western Union
lost /. Most of the metals were
easier
Sentiment in the boardrooms was
still somewhat mixed, although the
absence of liquidation In volume, and
the ability of some of the high grade
dividend-paying stocks to advance in
the face OF pronounced inertia,
tended to encourage even the more
pessimistically inclined.
Few commentators would venture a
guess as to when the equities market
will be able to attract SUFFICIENT fol-
lowing to pay commission house ex-
penses. From technical standpoint.
the concensus was that the market is
in good condition and only waiting
for some constructive impetus to give
a better account of itself.
Evening star., 1934-07-07

111A 97N & P& l. 1st t6)...
41a 2 Kelly Spring Tirs..,
Evening star., 1934-07-07
A. A. A. PAYMENTS
SOAR IN VIRGINIA
Cotton, Corn.Hog Checks
Lift Total Well Past
Million Mark.
BY the Associated Press.

By the Associated Press.
BLACKSBURG, Va, July 7.-Vir-
ginia wheat, cotton and tobacco farm
ers, operating under Government CROP
reduction agreements, received almost
81 900, 900 in cash payments up to
June /, figures prepared here revealed.
Since that time more cotton checks
have been issued and corn-hog pay
ments have been made to swell the
total to well over the million mark.
Tobacco farmers, with $456,132 in
benefits, head the list of beneficiaries.
Next come wheat growers, who re-
ceived 1888 $40; then cotton producers,
to whom was paid $15l ,65S. The larg-
est payment, on a county basis, was
made TO Pittsylvania, where large
quantities Of flue-cured tobacco. are
produced That county received pay
ments totaling almost $l26,000, Of
which only $4,000 represented wheat
payments. Greensville, with $39,9l5,
received the largest payment on ac-
count of cotton reduction. and Au-
gusta, with $65, ,270, headed the wheat
producing counties.
This more than s1,00o,000 may be
counted as clear gain to Virginia
farmers" j. r. Hutcheson, director
of the v. P. I. extension division said,
"for it is doubtful that without adjust
ment policies the prices of farm crops
would have returned to farmers hardly
bare return for their investment and
labor"
Evening star., 1934-07-07
CREDIT RESERVOIR
OF FBANKSEXPANDS
Holdings of Federal Bonds
lump SO Millions to
Huge Total.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July WEEK by
week the member banks Of the Fed
eral Reserve System increase their
holdings of United States Govern
ment bonds. This week the rise in
Government securities was $83 ,o00,-
900, bringing the total for the re-
porting banks to the enormous sum
of $6,665 ,000, 900, an increase Of ST.
All ,000, 900 since the first of the year.
Along with this growth Of invest
ment in Government obligations has
gone a corresponding increase In de-
posits. The item of net demand de-
posits in the latest statement was
up $l29, 100000 on the week, a start
ling addition and one that makes the
total $12,5O4, 600, 900. If to this sum
be added time deposits and Govern
$18,362, ,000, 900, which is a new high
mark. The amount would be still
further increased if statistics we're
available for all the banks of the
country.
Trend Is Unchanged.
There is no sign Of any change in
this trend. AS long as the Gov
ernment continues to increase its bor-
rowings and the banks continue to
take the Governments obligations,
paying for them by setting up a
credit deposit, the process will 60 on.
There is then literally created a reser-
voir Of deposit dollars which makes
n0ccihIa q Sfttpav,Sio,,S orad;G ;ndo1z.
That this potential imitation has
not become actual so far is no sure
promise of the future. Thus far the
only use to which this credit has been
put is to purchase more Government
bonds or to add to surplus reserves.
There has been no increase in COM
mercial loans. On the contrary. that
item has dropped $219, 10000 since
January l.
The point to be kept in mind is
that this surplus of funds" in the
language of the July review of the
National City Bank, lis not based
upon real capital accumulated from
savings, but upon an artificial situa-
ton resulting largely from the crea-
tion of credit by Government bor-
rowing"
Low Money Rate Cited.
One result of this condition Is an
abnormally low money rate. Another
is an invitation to business to expand
almost without limit. 1t provides
the basis for a runaway speculation,
if other conditions permitted Busi-
ness fears to expand because 1t is
uncertain about being allowed to
make a profit, and speculation in Sc
curities is handicapped by the pro-
visions of the regulatory law; and
yet, if history is any guide, this un-
used credit will sooner or later be
forced into use
A tangible evidence of this excess
of credit is the terms at which the
Edison Electric Illuminating Co. of
Boston has been able to finance
That corporation has just sold s35.-
100000 three-year note issue with a
per cent coupon, record low in
terest rate for a publicly offered
utility obligation. The notes were
quickly subscribed for and a premium
was bid for them in the open market
The Pennsylvania Railroad is in
the market with a s50,000, 900 bond
issue at 414 per cent and just as
favorable reception is assured to
that offering.
Copyright. 1884. by the North American
Newspaper Alliance, Inc)
Evening star., 1934-07-07
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, July 7-White
potatoes, per 100 pounds, 75al.00;
Virginia Cobblers, barrel, l.50a1.75;
sweet potatoes. bushel, 50a2.75;
asparagus. dozen, 50a2.00; beans,
bushel, 35a75; beets. per 100, LOO;
cabbage, bushel, 20a30; celery. crate,
3.00a4.50; carrots, per 100, 200; corn,
dozen, l2a20; lettuce, crate, 50a60;
lima beans, bushel. 1.0Oal.50; onions,
so pounds, 90a110; peas, bushel, 2.00a
$50; tomatoes, lug, 5oa1.75; peppers,
crate, 125a2 so; eggplants, crate, LISA
Its; spinach, bushel, 75a85; squash
half bushel 25a35; apples. bushel.
1.00a so; hamper, 25a65; cantaloupes
crate, 125a375; blackberries, 1.50a
800; watermelons. 25a45; raspberries,
quart, 10a12; peaches, half bushel,
75a1.90; huckleberries, quart, 15a20.
Dairy Markets.
Live poultry-Chickens, 1Sa26; Leg
horns, 16a21: old hens. 13s17; Leg
horns, 11a13; old roosters. 9a10; ducks,
12a16; pigeons, pair. 15a20.
Eggs-Receipts, 1,778 cases; current
receipts, 15al6; hennery whites, 16a20.
Butter-Good to fancy, creamery.
per pound. 24a2612; store packed, IA.
Sea Food Market.
Blue fish, per pound, 4a15; buffers,
las; catfish, 4a5; eels, 3al0; founders,
4a10; perch, white, 2a15; yellow,
4a18; pike, 20a25; rock, 12a22; shrimp,
8al6; Boston mackerel, 8a10; croak-
ers. box. 2.0oa2 so: gray trout. pound,
1Oa12; box, 3.0oa12.0O; salmon trout,
l2al5; box, 5.00al4O0; clans, 100,
35a8O; snappers, pound, 4a5; hard
crabs, 3.50a6.00; soft crabs, dozen,
50a1.25; crab meat, claw, pound, 20a
%: regular. 2sa33: special lump, 35a
40; back fin. 45a50.
Tobacco Market.
Maryland frosted and inferior, per
100 pounds 300a400 common to
medium, 450a22.o0; medium to good
23.00a4200; good to fine. red. 43.OOa
$500; seconds. common diseased. 800
a7.00; medium to good, 8.00a20 90;
good to fine, 21.00a35 90; upper coun-
ty, hurley. nominal; gruond leaves.
1882 crop, nominal.
Evening star., 1934-07-07
FOREIGN EXCHANGES.

NEW YORK, July P.-Foreign ex-
chanGe steady. Great Britain in dollars,
5-04 HI; cables, 5.0414; 6O-day bills. :. .O3is'
France; demand; 6.59ss; cables, 6.59ss.
Demands-Belgium, 1897; GERMANY.
1885: Holland, 81 so: Norway, 25.35;
Sweden. 26.02; Denmark 253; Finland.
524; Switzerland. 32.55: Spain, 1858;
Portugal. 4.60; Greece. 0.95; Poland,
1925: Czechoslovakia. 416; YuEoslayis
2.2S; Austria, 1S.95n; Hungary, 29. ION;
Rumania. 1.0l; Argentine, 33. Con; Bra
zil. S.56n: Toxic 1890; Shanghai. "a as;
Hongkone. 1925: Mexico City (silver
pesol. 27.95i Montreal in New YORK
10l.00: New York in Montreal, 99. 90,
n-Nominal
Evening star., 1934-07-07
INSURANCE SALES SOAR.

CHICAGO. July 7 CP.-Production
of ordinary life insurance by the Con-
tinental Assurance Co. during the
first half of 1884 and So per cent
larger than that OF the first half OF
last year. the company announced.
Repayment of loans increased from o
per cent OF the amount dispersed IN
1882 to "a per cent in the first half OF
1884.
Evening star., 1934-07-07
N. & W. PAY ROLL TO RISE.

NEW YORK, July z CP.-Norfolk
& Western Railway Co.'S pay roll will
be increased approximately $4,000
monthly as a result of the 212 per
cent salary restoration for rail en-
ployes under the agreement of last
April 26, according to A. C. Needles,
president of the system.
Evening star., 1934-07-07
RAIL INTEREST AUTHORIZED

NEW YORK, July LP).-The Fed
eral Court in st. Louis has author
lied receivers of the Wabash Rail-
road Co. to pay $34s, 1925 semi-annual
interest due August l on the second
mortgage bonds of the system.
Evening star., 1934-07-07
CHICAGO STOCK MARKET

CHICAGO, July 7.-Following is the
stocks on the Chicago Stock Exchange
Evening star., 1934-07-07

~ "a Zonite Products... o1s oS os
Sales of Stocks on New York Exchange.
IL 100 AM. 10000 1900 Noon. 10000
Dividend rates as given table the
the latest quarterly hslfyeariy
Unit Of trading less than 100 shares. tParty extra
tPus 9 In stock Paid last year-no regular rate playable
in stock payabe in cash or stock fPus 81 In special
Plus ~ stock Paid this year Accumu.
eeivershin. Plus 5ss In stock Z Ex-divdsnd.
Evening star., 1934-07-07
TRUST COMPANIES,
FEDERAL LAND BANKS

NEW YORK, July lP,.-Federal Land
Bank bonds:
CLOSING Quotations
Evening star., 1934-07-07
STEEL QUOTATIONS.

NEW YORK-Steel prices. per 100 lbs.
I. O. b. Pittsburgh: Blue snnealed sheets
hot rolled 200; galvanized sheets. 325;
bars, 30.
Evening star., 1934-07-07
INSURANCE STOCKS

NEW YORK July = tP-Nev York Sa-
curity Dealers Association:
Evening star., 1934-03-14
AUCTION SALES-TODAY.
THos. j. OWEN 9 SON. AUCTIONEERs
143l EYE ST NV
pP6VE1 T pPopTpTy REIN1, A''i

TRUSTEES SALE OF VALUABLE I'M
gR3XEP ERRkEEsroRS2s esoREEPX P.b gEIMq IEM
PREM1 sEs 25ae FOURTEENTH
duly recorded in Liber No s349, folio Ioi
ct sea-. Of he land records Of the Distrlc.
of Columbia. and at the request of the
trustee viii sen at public auction, in front
F0aKTEFTTH SS4 AT F6bRnR PAY pF MAFeH choGk P M
the following-de land and prem
ises. situate IN the District Of Columbia
and desienated as and being lot thirty
OF part of block forty-four t44l IN W. G.
Hills subdivision Of the Middle Grounds
Of Columbian University" now known as
unyesSty Pa5k per Pat Of said
County No. %: folio o. of the records
Ra ss of shbeet hs to S 5e rss
oil way t0r alley purposes over the rear
or west four "a feet by full width of said
lot. Subject TO covenants Of record.
Terms of sale; Onethird of the pur-
chase money to be paid in cash; balance in
and two years. with interest at six per
ccentum per anpur1. PAYABLE semi-annualiy,
from day of sale, secured by f1rst deed Of
trust upon the property sold. Or all cash,
at the option OF the purchaser. deposit
OF II .250 Will be REQUIRED at time of sale.
All conyeyancing. recordinG., etc. at cost
piied with within &c 80 d days @ from q day s''t5 Of
ff fs 20 Tese The propsfy s tbe fhs
and cost of defsulting purchaser. after
five davs' advertisement OF such resale III
some newspaper published in Washington.
THE WASHINGTON LOAN AND
BY ALFRf6 FRf6I H. c0MiAso haWAs0N. Trustee
mh3-d&ds exSu
Evening star., 1934-03-14
Judith Lane
bs JEANNE BOWMAN

roofs Of the little town. Always re-
minds me of library" she confided
The roofs are like colored bindings
of books turned upside down
think I'd like to live in one"
NO" countered her companion,
meshing gears, you should live in a
house with slim white pillars and a
green roof, green shutters and window
boxes with pink geraniums. And
then, in the sheltered intimacy Of a
storm -assailed coupe, they talked of
homes and houses.
I've never lived in a house" Ju-
dith confided, "it's always been con-
struction camp shacks, tents, hotels,
apartments and once, while Dad was
building a bridge, l lived in a mon
astery, deserted, of course"
1T would have been deserted once
the occupants had seen you" came the
chivalrous response and Judith, tilt-
ing her head forward to laugh, caught
a glimpse of the clock on the DASH
board. please. I must go back, I'm
meeting ella Sanford, and, while she S
always at least IS minutes late, it's
now 20 minutes after the time 1 was
cue to meet her"
Evening star., 1934-03-14
PROPOSALS.
PROCURE

TREASURY DEPARTMENT PROCURE
ment Division. Public Works Branch.
Washington, p; G:M7sealed Bids in dgpli, gpao
at 3 pm March %, 1894, for furnish
ing all labor and materials and perform
ing all work for the construction of the
foundations, etc. of the extension to the
building for the U. S. Bureau OF Internal
Revenue washineton: D; G. Attention Att j. is
ding set forth in the specifications and
Bulletin No 81 of the Federal Emergency
Administration Of Public Works Drawings
may be obtained at this Office in the dis
cretion of the assistant director of pro-
curement. Public Works Branch; by any
general contractor provided a deposit of
$4,000 is made for each set to, assure
its prompt return. One set will be fur.
nished builders exchanges. chambers Of
commerce or other ORGANIZATIONS who Will
guarantee to make them availa BILE for any
subcontractor or material firm interested
and to quantity surveyors provided de-
posit of $500 is made to assure its
prompt return. Checks offered as de-
posits must be made payable to the order
of the Treasurer of the U. s: Cash de
posts will not be accepted. w E. REY-
NOLDS, Assistant Director Of Procure
ment, Public Works Branch.
mh10 1914
Evening star., 1934-03-14
bee HIVES WARM
IN SPITE Of COLD
Temperature Always Is 81
Degrees, Expert Tells
Cosmos Club.

The way honey bees keep their hive
at constant temperature of approx
mately 81 degrees Fahrenheit even
when the thermometer outside falls
to 80 below was explained to the
| Cosmos Club Monday night by Dr.
James I. Hambleton, head of the Bee
Laboratory of the Department of
Agriculture, at Kensington.
The colony constitutes itself liv-
| ing furnace. A large number of the
bees, arranging themselves in tightly
| packed formation, constitute the sur
face of a hollow shell through which
| little cold air can penetrate. The
others remain inside and generate heat
| by constant movement Of their bodies,
which they increase and diminish
with the rise and fall of the tempera-
ture. Whenever one of the shell"
bees can stand the cold no longer.
it is replaced by one of the bees on
the inside.
Numerous other marvels Of bee life
some the result of recent observation
at the bee laboratory, were detaile
by Mr. Hambleton.
In Summer the worker literal,
works itself to death, surviving onl
about six weeks. The first two week
Of its life it spends as a packer. Ii
remains inside the hive, takes the loads
of pollen and nectar from the re-
turning foragers and packs them int
the cells Of the comb. Then it spend
about two weeks at the relativel,
unskillful work of pollen gathereI
1t then graduates for brief time int
the ranks Of the nectar gatherers. J
works constantly from sunrise to sur
set flying as far as 8l2 miles and bac
for single drop Of nectar
The nectar is about 80 per GER
water. 1t must be reduced to ig
per cent. The drop of nectar is huno
on the top of a cell and the wate
evaporated by constant wing tanning
until the material is of the requireo
consistency to be packed away. tn,
foragers may return to the hive an
spend all night foraging
If human beings had SO eficien-
a food as that which is fed to th,
bee larvae, q 6-pound baby would
weigh 1000 pounds in a few weeks
Very few bees sting. Since ever
sting is fatal to the stinger, the race
soon would perish unless the pugnacitr
of the insects was much lower than
generally is supposed.
Bee scouts. by sort of sign lar
guage, can tell the rest of the colony
when they have found a rich stola
of nectar, but they cannot communi-
cate where it is. Bowls of sugar
water we're set around the hive AS
soon as a scout found one, he would
return to the hive and execute a
peculiar sort Of dance. Immediately
the others would get on the wing
but instead Of going to the bowl found
by the scout. they would visit all
the bowls indiscriminately
Bees have an efficient force of "po-
licewomen." who guard the entrance
OF the hive and demand a counter
sign from each insect that tries to
enter. This is to prevent bees from
other colonies or Of other species
from getting in and stealing the
stored honey
Sometimes one hive will steal al
the stores Of another.
Evening star., 1934-03-14

wives Of the world deepened until II
verged on pride in a profession.
The mOon-faCed clock brought Ju-
dith to the realization she was due
to meet ella in five minutes. She
scurried to the locker, pulled the
perky delft blue hat to a smart angle,
donned the jacket of her new suit
whisked a powder puff across heI
nose, npstick across her lips and
grabbing letters to be dropped into
the mail chute, darted out of the
Office to the elevator.
The letters slithered down the glass
chute like one-winged pigeons. Judith
heard the elevator doors clang open
She stepped briskly into the car ther
oh" she said, breathlessly looking
up into laughing dark eyes which
seemed amused at her start of sur
prise
working late aren't you, Miss
Lane?" asked Nci man Dale. junior
partner of the firm to which she had
just mailed letter
No" she countered. "just using the
office as waiting room-I had a late
appointment" And under her breath
words were singing 'the perky
blue hat the trim new suit
let the rain ruin them. they've served
their purpose. Norman Dale has seen
me as something other than a cog In
the Office machinery"
my cars just outside. and It's
raining pitchforks. May 1 take you
wherever you're going?"
Tho 81 ,,,aIr rtt-tff IA
scent to the lobby before Judith had
recovered her breath sufficiently to re-
spond to Norman's invitation.
For two years she had been watch
ing him across the width Of the board
room table; a barrier as definite as
the social wall which seemed to rear
itself between aspiring young stenog-
raphers and promising young lawyers.
Dale. Lampere & Morrison had been
retained by the Bevins Construction
Co. to handle its legal affairs since
the inception of the company. and
Norman Dale, assuming his fathers
place with the law firm at the elder
Dale's death, had gradually assumed
his duties.
Now that the board table and its
symbolical barrier had been removed.
Judith found herself responding to
Norman's invitation with still
breathless I'D appreciate it."
The car was at the curb. The Rice
was four blocks beyond. but somehow.
due to traffic lights, one-way thor
oughfares, or perchance the inclina-
ton of the man at the wheel, Judith
found them speeding across the arch
of the bayou bridge with the queer
town of little homes lying beyond in
the dusk.
On the crest of the arch traffic
caught and held them a fleeting mo-
ment. Judith looked down on the
Evening star., 1934-03-14

Traffic was disappointingly light as
they returned swiftly TO the city and
Norman Dale assisting Judith to
alight. asked if they couldn't resume
the discussion soon.
Il really don't know" Judith an
swered We're leaving for the Rio
Diablo Basin June l and Big Tom
. is quite liable to keep me working
evenings to catch up with his other
affairs before We go. Suppose you
telephone me?"
Il will, or else Ill see you at board
meeting, or drop down for a chat
while Toms off on one of his wife's
pink teas
Judith hurried into the hotel lobby.
discovered ella hurrying in behind
her, and turned to accept the red
haired girls apologies
"As if you weren't late, too" pro-
tested ella. preceding her into the
main dining room, and didn't / see
you crawling out OF Norman Dale's
car?"
"Umhum." admitted Judith as they
we're seated at window table ANY
objections?"
plenty retorted ella with a frank
ness of an old school friend. Don't
want you suffering from angina pee
toris or some other heart ailment"
What do you mean? Is there any
thing wrong with Mr. Dale?"
mo. That's the trouble. He's so
completely all right every woman who
ever sees him wants to take him home
for keeps
Money!" inquired Judith guile
lessly
mot much. Doesn't need it. Not
that he's so heart t-breakingly hand
some, but he has got a nice sort of
a herman look about him There's
a lot of millionaire mammas of mar
riageable daughters willing to make
UP the deficit if he'll only promise
t. love, honor and cherish their off,
spring. How he's managed to reach
the ripe old age of % without ex-
changing his freedom for franchise
is beyond my powers"
Tomorrow-Clia and Judith cook up
story.
Evening star., 1934-03-14
ALABAMA STRIKE
TERMS AGREED ON
Committee to Report to Operators
Today and Union Session
Will Be Called.

b. the Associated Press
BIRMINGHAM, Ala, March IA
An agreement to end the Alabama
coal strike has been reached by a
committee of mine operators and rep
resentatives of more than 10000
strikers.
The committee announced late last
night a basis for settlement had been
decided on, but details were withheld
pending ratification. The agreement
is understood to include the N. r. A.
terms on collective bargaining.
The operators were expected to re-
ceive the agreement today. Union
officials plan to call a convention of
union representatives here tomorrow
or Friday to take up the agreement.
An explosion occurred last night
near the Empire mine, at Empire. A
sprinkle of gravel over the tipple was
the only damage. National Guard
officers said stick of dynamite stolen
by young Negro apparently was used
The strike has tied up the major
portion of Alabama's commercial coal
production. National Guardsmen have
been on duty.