davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-16
BUSINESS INDEX
MP|S SEEN
FOR APRIL

In It's weekly summary of tn,
general business situation. tn
Standard Statistics Company, o
New York, currently comments:
with the Improvement in
sentiment among business men
generally recorded during the
past two weeks or 50. average in
dustrial activity has again been
stepped up. On the basis Of
present expectations the pre-
liminary estimate Of the Stand
ard Statistics Company index Of
industrial production for April
has been placed at $50, as COM
pared with 800 for March.
REFORMS SIDETRACKED
During the past week, addi-
tiOnal evidence has been pro-
vided that legislative reform poll
cies are to be relegated to the
background, at least for the
time being, and recovery meas
ureS stressed. Meanwhile, strike
threats are becoming more lSO-
lated and wage and salary in
creases already instituted are
enhancing the purchasing power
Of more than a million workers.
"Retail trade is continuing its
relatively high recent level, and
more SeaSOnable weather is per
mitting a start in various large
scale outdoor operations, both
public and private.
Building activity Is expand
ing sharply and the rate of steel
operations also is showing sub
stantial gains. While the out
look for automobile production
is clOuded to some extent by
continued labor disturbances
and recent price increases, out
put is still on the upgrade.
UNCERTAINTIES STILL SEEN
"The uncertainties still re-
naming in the near term bust
ness outlook center largely
around the legislative situation.
Chief among these are the infla-
ton proposals now before Con-
gress and the greater degree Of
independence being shown by
these legislators.
Many Of the measures now
being introduced, however,
probably either will not be acted
upon or must be made far
milder if they are to be passed"
The Washington times., 1934-04-16
NJ NELL.
CUTS DEFICIT |

Earnings reported by Libby, Nc
Neill and Libby for the year ended
March 3, 1884, are $2,2O6, ,341, com.
pared with loss reported the pre-
ceding fiscal year of $6,248,477.
The deficit at the beginning Of the
year $5,031 ,591 has been reduced
to $2,825, ,249.
Earnings for the year are Suffi-
cient to cover current dividend re-
quirementS on both first and Sec
ond preferred shares amounting
to $1,368, 100 and leave a balance
for shareholders Of 838,241.74, or
$1.34 per share on the SO per
common shares outstanding. The
earnings have been retained in the
business, increasing net working
capital of $2,806,375 and ratio of
current assets to current liabilities
which now shows 2.81.
E. G. McDougall, president, re-
ports average weekly earnings of
hourly paid and steady time en-
ployes were higher during the last
half of 1888 than during the same
period of the preceding year.
The Washington times., 1934-04-16
FOREIGN SALES
Of 6, N. RISE

General Motors sales of car and
truck units abroad, from ali
sources, for the first quarter of
1884 totaled 39,616 units, an in
crease of 10 per cent over the
total for the corresponding period
of 1898, and an increase Of SO per
cent over the total for the first
quarter of 1882.
The March results, reflecting a
continuation of the vigorous up
ward trend which has been in
evidence since the spring Of 1888,
were at the highest level Of any
month since May, 1880. The to.
tai of 1906 units was SO per cent
greater than the total in March,
1888, and 1913 per cent greater
than the total in March, 1882.
These gains are worldwide in
extent, and apply not only to the
corporations products manufac-
tured in the United States and
Canada, but also to the Opel
product manufactured in Ger
many, and the Vauxhau product
manufactured in England.
The Washington times., 1934-04-16
CHAINS REPORT
MARCH GAINS

According to a compilation
made by Merrill. Lynch & Co.,
investment bankers, % chain
store companies. including two
mail order companies, reported
total sales for March Of 1884,
O08.875, compared with $685.
1911 in March. 1888, an in
crease of 1858 per cent.
The two mail order concerns
alone reported total sales for
March of $40,674,830 against $685.
479,005 in March, 1898, an in
crease of 59.64 per cent. Exclud-
ing the two mail order COM
panies, 26 chain store companies
reported aggregate sales of $223,-
334,045, against $1S2,674,106 in
March, 1888, an increase Of 22.25
per cent.
The compilation shows that %
chain store companies. including
the two mail order companies,
showed total sales for three
months of 1884 of $691.3l9.929
compared with $5sO,O69,3S2 in
The Washington times., 1934-04-16
v'';S; :s;,ssss ss;s;''' N. Y. Bond Quotations

NEW YORK, April 16 GN.S0.
The bond market turned in a
spotty performance today, with
selective strength in domestic
corporation liens offset by weak
ness in Germans and irregular
ity in U. S. Governments.
Warner Pictures IS was active
and strong in the domestic Sec
ton, advancing to a new high.
international Telephone IS moved
up moderately.
Chicago and Northwestern 4As
stood out in a mixed carrier list,
going to a new peak. Illinois
Central 434s also rose, as against
q loss in Nickel Plate 51as and a
loss in Allegheny IS Of 40.
German loans dipped sharply
on reports Of q possible complete
suspension of interest payments.
The International 512s and the
External Is both dropped about a
point.
Treasury As was a soft spot in
the Federal list.
Investment grade issues were
firm.
The Washington times., 1934-04-16
Week ShOWs Gains
Coffee Futures

Coffee futures fluctuated ir-
regularly the past week with the
volume of trading very small on
the New York Coffee and Sugar
Exchange. The trade is awaiting
developments in the actual market
which has been quiet before max
ing further commitments. The
net result for the week showed
Santos II to % points higher
and Rio 9 to II points higher.
The spot market was still dull
with Santos as quoted at INC.
Colombian prices Sagged some
what when private advices in
dicated that conditions might be-
come unsettled there. The Co
lombian dollar rate at one time
during the week had dropped to
$1.90 to the U. S. dollar. Cost
and freight offers are still above
the ideas Of the trade here and
little business has been done. The
futures market in Brazil ended
the week higher. 4
The Washington times., 1934-04-16
Markets Moves
For the Day

Stocks irregular. Eastman
Kodak moderately higher in in
dustrialS. General Motors firm
in auto group. AtchisOn up frac-
tionalIy in motors. Oils lower.
KennecOtt improved in metals.
Fox Film higher in amusements.
Consolidated Gas easier in utili-
ties.
Curb-StOckS irregular. Great
Atlantic and Pacific stores
strong spot in specialtieS. Oils
mixed. Utilities steady. Atlas
firm in investment trusts. Cities
Service common under pressure.
BOnds-Irregular. Domestic
Corporation liens show seleCtive
strength. Germans under re-
newed pressure in foreign group.
u. s. Governments lower.
Call mOney-Steady at renew
al Of 1 per cent.
Cotton - Futures sag s to 8
points.
Liverpool cOttOn-F
steady.
Chicago wheat-Fntures cas-.
ier.
Foreign exchange-DOllar gen.
orally steady.
The Washington times., 1934-04-16
Puerto Ricu1a Sugar
Shipments Increase

Raw sugar shipments rom
Puerto Rico to the United States
from January to April IA totaled
320,521 short tons, an increase Of
~ per cent when compared with
252.582 tons in q similar period
last year, according to cables to
the New York Coffee and Sugar
Exchange.
Refined shipments amounted to
$3.50, 1S per cent increase over
the 34,801 ton total for the 1888
period.
Shipments of raw and refined
together for the week ending April
IL amounted to 33,450 tons
against 3S.S27 in the same week
last year. About 40 per cent of the
total available for the U. s. of the
le33-34 crop has been shipped TO
date.
The Washington times., 1934-04-16
HEAVY SELLING
HITS GRAINS

CHICAGO, April 16 GN.SO.
Grains were under pressure today
IN early dealings with coarse
grains bearing the brunt of the
selling.
May liquidation in corn and
oats assumed heavy proportions
after firm opening and weakness
here spread to other grains.
Near mid-session, wheat was 3s
to 1sc off, with May at S324c.
Corn and oats were "a to Bc off
and rye, 1b to 114c down.
May corn dropped to 455sc
early, the lowest price since Octo-
ber 20, while May oats hit 2S1a,
a new low for the CROP
The Washington times., 1934-04-16
Sterling Reports
Increased Assets
BY International News Service

By International News Service
Sterling securities Corporation
net assets on March 81 totaled
$17,81S,O72, equal to $3.50 per
convertible first preferred share,
against $16,325,411, or $58.54 a
preferred share on December 81,
1898.
After allowing $50 for each pre-.
ferred share and SITS unpaid
cumulated dividends thereon, there
remained a balance Of $3.43 per
share for preference stock, against
So cents a preference share three
months earlier.
The Washington times., 1934-04-16
Firm Reports Big
Motor Oil Sales

Sales of motor oils and lubri-
cants for the first quarter of 1884
show the greatest increase in the
last four years, according to
Samuel Messer, president of the
Quaker State Oil Refining Com
pany. Sales for the period were
25 per cent more than last year,
an improvement greater than
anticipated. Reports from dealers
served by the company reflect
growing optimism.
The Washington times., 1934-04-16
Business NewS
Spotlight

General Motors sales abroad
for March tOtaled 1906 cars
and trucks, an increase of 88 per
cent over March, 1888, and Of
1913 per cent over March, 1882
:. Underwood Elliott Fisher net
income for the first quarter
amounted to S7O6,2S1 against
$132,383 for the first quarter
of 1888. Fishers wholesale
commodity index declined Oh
per cent during the week ended
April 13. March consumption
of cotton by domestic mills, &C
cOrding to the Bureau Of the
Census, was $4,000 bales com.
pared with 4S7 900 bales in Feb
ruary and 495, 900 bales in March
q year ago.
The Washington times., 1934-04-16
Atlantic and Pacific
Sales Rise in March

Great Atlantic & Pacific Tea
Co. estimates sales for five weeks
ended March 81. 1884, at $751;.
292 400, comparing with $74,979,.
542 for like period in 1898, an in
crease Of $6,312,S67, or Ga per
cent.
Tonnage sales for the five
weeks period are estimated at
477,S25 tons. against 4o5.208 in
1888 period, a decrease Of 1888
tons, or S.6 per cent.
The Washington times., 1934-04-16
,:;s;o ;s::.:, N. Y. Curb Quotations

NEW YORK, April Is Q.N.SJ.
The curb market ruled highly ir.
regular today with q renewal Of
aggressive buying in certain issues
offset by backwardneSs, in the
rank and file Of speculative favor
ties.
A handful Of specialties were in
special demand. Great Atlantic
and Pacific Stores jumped 8
points to LA and Pittsburgh Plate
Glass advanced 13s to a new high
at 54A.
Oils were erratic. Modest net
gains were recorded in South
Penn, Humble, and International
Petroleum.
Utilities were little changed,
with Electric Bond and Share,
Niagara Hudson Power, American
Superpower and Consolidated Gas
of Baltimore, holding on par
with previous closings most Of the
time.
Metal shares were spotty. Tech
Hughes, and Wright Hargreaves
edged up nominally.
Alcohols were unusually dull.
Utility bonds were hesitant,
after their recent extended gains.
The Washington times., 1934-04-16
Ford, Ltd, 1888 Net
More Than '32 Loss
.HiRhl Low i:0e

Ford Motor Company, Ltd, re-
ported a trading profit of 1909
pounds for 1888, as contrasted
with a trading loss Of 160,638
pounds in 1882. After providing
for depreciation and obsolescence.
directors fees. interest charges,
income taxes and other deduc-
tions, there was net profit Of
1929 pounds against net loss
of 725,915 pounds in 1882.
Balance carried forward was
38S,73 pounds after deducting the
debit balance of 354,045 pounds
brought forward from the preced-
ing year. Directors stated that
results do not include profits or
dividends from subsidiary COM
panieS.
The Washington times., 1934-04-16

packing, movie
An d liqu or
gr pS, and
these m ostly
IN q d e g aims.
The m o t or
stocks, however.
underwent q lit.
tie relapse while
r Q m q / n in g
am o n 6 tn e
more active Is
sues.
- But on the
whole the vol
ume Of trading
was small the
total for the
The Washington times., 1934-04-16
Gen. Public Service
ReDOrtS Assets Rise
International News Service

By International News Service
General Public Service Corpo-
ration net asset value on March
81 amounted to $8,S74,309, equal
t $14O.55 per 500 debenture and
$1O2.74 per share of preferred
stock. This compares with $8,-
2S8,956, or $131.05 per debenture
and 1881 preferred share, at
the end of 1888. ana $7,O63 $50
O. $122.51 and $58.72, respec.
lively, a year ago.
The Washington times., 1934-04-16
California Crude
Oil Production Up

California crude oil production
showed the usual mid-month up
turn with an increase Of 24,850
barrels daily last week. which
gave the State a total estimated
daily average output Of 492, 100
barrels compared with 467 ESQ for
the week ended April z.
The Washington times., 1934-04-16

total for the
week being below that Of the pre-
ceding period.
And, on the whole, one can
say that as in other recent weeks,
the activity declined on weakness.
While buying is not aggressive,
little stock seems to be for sale
on declines, and in most cases
that Is well taken.
~
The action on Wednesday
suggested . reaction. Moreover,
the averages were then halted
Just 1T . significant level. This
b where the January rise was
first halted, and where the At
tempt to rally the market early
in March was checked. 1t is
also the level at which the
August and September rallies
were stopped last year. But In
view Of these facts, the market
has been well sustained. Its &C.
tiOn suggests NO more than q
a@dip."
Very broadly speaking, the chief
factors tending to depress stocks
seem to be: Cd Uncertainties as
to New Deal policies and 90 NRA
restrictions as affecting costs
The chief factors tending to
put stock up are: (D The huge
supply Of credit potentially avail
able in the banks, (2) the de-
valuation of the dollar, which
has been only partially effective
in prices.
If this broad analysis be cor
rect. it is difficult to escape the
conclusion that higher prices
will be seen before many months
have passed.
TO put it one way, if the
President finally decides to soft
pedal New Deal radical reforms,
the damned up supply Of credit
will be released. If he swings
back to the left and goes In for
teeth he will probably be
driven to heavier Government
spending and to currency in
flation."
(An through history, I find
That idealiStic radicalism goes
hand in hand with soft money"
.schemes.)
Or, to put the matter another
way, we can say that the alter
natives are as follows:
(D Some people profess to see
forces Of business recovery work
ing underneath which will win
out, despite radical policies, and
which will arouse discomfort
with the obstacles to recovery
presented by the New Deal, caus-
ing its abandonment.
(2) # not, an inflationary
stimulus would come in either
Gne of two ways: (A) Either the
.sAew dealers will moderate their
policies sufficiently to allow credit
expansion to get a start. or (B)
they will hold to the left busi.
mes will lag, and then the print
ing presses will be Started--in
one way or another.
,',,, One sure thing is that the
new dealers are not going TO sit
Do by and watch business and EN-
ployment 60 backward. If
y business doesn't expand, they
will certainly resort to spending
e;.and initiation.
~. Therefore, it seems to me
that, whether business goes up
ION its own or on initiation,
money is not the thing to be
holding. In one way or an.
other, it seems bound to de-
cline in purchasing power be-
fore the year is over.
Just now prices Of stocks and
commodities are heSitating. Busi.
ness is hesitating. The President
has been hesitating. The much
talked Of critical period between
the priming Of the pump and
the result. may be at hand. But
In any case. something like so
per cent Of ones funds should be
going into the soundist sort of
carefully selected dividend paying
stocks.
The Washington times., 1934-04-16
HOLDERS UNCHANGED

The list Of the 20 largest stock
holders Of Mobile q Ohio Rail-
road revealed practically no
change last year. Southern Rail
ways holdings were the same as
for the year before. g..
The Washington times., 1934-04-16
DIP
SEEN DUE IN
MARKET
BY LEWIS HANEY
professor Of Economics, New
e York University

. Stock prices, on average, moved
ABOUT sideway last week, closing
only fractionally higher. Bonds
Oontinued to creep up.
The most active issues were
Sound among the copper, meat
The Washington times., 1934-04-16
MCCALL REGULAR

Mccall Corporation has declared
the regular quarterly dividend Of
so cents on the common stock,
payable May l to stock of record
April 20.
The Waterbury Democrat., 1934-08-23
Local Woman Named
 To Rules Committee
Victoria Liebrech Elected at Legion Convention To-
 day in Stamf0rd-Goss to March in Parade

nl,,L; Mrs Rache, Benson, Wind sor; Mrs Ethel Matthies, Seymour; Mrs Mary Crawford, Westport; Mrs Ruth Fitch, Canaan.
 Rules - Mrs Elsie Cochrane, chairman; Mrs Ethel Wilon, West Hartford; Miss Victoria Liebreich, Waterbury; Mrs Corinne Poirier, Norwalk; Mrs Armandine La- Breche, Stafford Springs; Mrs lola Rose, New London; Mrs Ruth Egeter, Middletown.
 Constitution and by-laws-Miss Thyra Lofgren, chairman, Stam- ford; Mrs Marcella Anderson, West Hartford; Mrs Gertrude Rives New Haven; Mrs Marion Robillard, Putnam; Mrs Ruth c. Sears. Mys- tic; Mrs Henrietta Pavlik, Torring- ton; Mrs Lee Grower, Cromwell.
 Finance committee-Mrs Elsie Ellsworth, chairman, New Britain: Mrs Clara Braun, Branford; Mrs Margaret Eckler, Bridgeport; Mrs Edna Simoneau, Danielson; Mrs Rose Velval, Taftville; Mrs Helen Koops, Thompson; Mrs Lillian Gladwin, Westbrook.
 Courtesy committee - Mrs Ber- nice Sisterheim, chairman, Dan- bury; Mrs John W. Dolan, Bristol; Mrs Isabelle Vanhorne. Milford 1; Mrs Myrtle Maston, Willimantic; Mrs Bessie Hendry, New London Mrs Margaret Burk, Litchfield; Mrs Minnie Shea, Deep River.
The Waterbury Democrat., 1934-08-23
RECONDITIONINC
 LOAN IS GRANTED
Transaction Completed in HartfOrd-NOne Given
 Here As Yet

No reconditioning loans have been granted by the Waterbury office of the Home Owners Loan Corp although the first loan of that nature was announced as having been granted in Hartford yester- day. John H. Burns, manager of the Waterbury office, said a num- Der of applications have been re- ceived, but that they are still in process of completion.
 The amount granted yesterday was in the amount Of $400 for in- stallation of a heating system. The loan is granted under the provisions of the national housing act. Under the provisions of the act, lending agencies participating in the pro- gram are to be insured up to 20 per cent of the largest total amount advanced in loans at any one time. If a bank reaches a total of $100,- 900 in loans outstanding its insur- ance coverage would be fixed at $20,000. If all but $20,000 is paid back the bank making the loans would be covered 100 per cent against loss,
The Waterbury Democrat., 1934-08-23
Playground News
WATERvILLE

Arrangements have been made to accomodate a large crowd of spectators tonight at the Water vile playground when the Bobby Southland school of dancing will present an exhibition beginning at z o'clock. Dance novelties and late steps will be featured in the performance which will run for more than one hour. Twenty danc- CTS will appear in the show.
 All performers who are to take part in the minstrel show to be staged at the playground will meet for rehearsal tonight at o'clock at St. .Michael's hall.
 Today the Waterville interplay ground team met the Mill street team in a lague game at the Wa terville grounds. In the second game of the series the Tigrs and the Mohawks will continue their battle for the title. A win for the Tigers will put the championship on ice but in the event of a vic- tory for the Mohawks another tilt will be played following the first game.
 In recognition of their cham pionship in the Midget league race the following mmbers of the Fair mounts will be given cardinal white shirts: William Wagner. Harold Wagner, William Bowes. John Bowes, Daniel Tucker, Jack Sizer. Pat Winston, Bud De Gostin. Buell. Holmes, Albon and Keliher.
The Waterbury Democrat., 1934-08-23
Naugatuck Factory
 Gets $25O,OOO Job
U. s. Rubber Co. to Supply CCC With Overshoes and
 BOOts-DeIivery to Be Made to Six Cities
Special to The Democrat)

Special to The DemOcrat)
 Washington. D. C., Aug 24. A Naugatuck firm will sup ply the Civilian Conservation Corps with about $25O.OOO worth of OvershOes and boots, it was learned today at CCC headquarters.
 The firm is tho. [. s. Rubber Products, Inc, which has just been awarded contracts for furnishing 79,11S all rubber arctic Overshocs on bid of 1.45 a pair and $8S,509 rubber bottom. leather top lace boots on a bid of $2.O9 pair. The award was sent to CCC head- quarters by Captain E. J. HcI. Ter, captain, Q. NJ. C., the contracting officer at the Phil- adclphia Quartcrmaster Depot.
 The company will also fur. nish the CCC with 4,32O pairs of inntcr soles at s cents a pair.
 Delivery will be made to the following points: New York 21,791 pairs of overshocs: Philadelphia, 1O,S41 pairs Of of overshOcs; Chicago, l5,S33 pairs of Overshocs and the cn. tire allotment of 6S,509 pairs of boots; Fort sam Houston,
The Waterbury Democrat., 1934-08-23
Fordham Mentor Is Invited To Social
 Here Next January
Sheridan Council Aiming to Bring Numerous Distin- guished Sporting Celebrities to Affair-Central
 Hall May Be Scene of Contemplated Activity

Due to the fact that the Knights of Columbus expect to be in tenn porary quarters for a part of or perhaps the entire winter it is ex- pected that the smoker will be held in central hall. Ample ar- engagements for attendance of the leading sports celebrities of this city. the Naugatuck valley. and also native sons now prominent in the sports world in New York are also to be made.
 : Following resumption of the fall schedule of meetings Grand Knight Robinson will name the committee to have charge of the event. It is also the intention of the officers of Sheridan Council to endeavor to bring to Waterbury to meet with Layden and Crowley, Dr Edward Anderson, football coach at Holy Cross college. Harry Stuhldreher, football coach at Villanova, and Dutch" Bergman, football coach at Catholic university.
 Parker Cassin Invited
 Dan Parker. sports editor of the New York Daily Mirror, Clarence
The Waterbury Democrat., 1934-08-23
Lions Club Names
 Three Committees

Committees for the year were named at the luncheon meeting of the Lions club at the Elton to- day. There was no speaking pro- gram.
 Committees were as follows: Membership, Edward Rose, George Baronian, r. Carpenter, Arthur J. Lunny, Andrew Larson: attend ance, William Warrington, Louis Wenzel.
 Finance, Robert Lagerquist, Merwin Bronson, William Briggs. Doctor Sweet; program, William J. Slater; entertainment, Harry K. Cashin. John Dunn, and John Clark; publicity, Doctor George.
 Major activities, Eugene Beadle, Robert Lagerquist, Doctor Sweet, Merwin Bronson, William Briggs. William Parker, Adolph Reymond Robert Smith; welfare, Edward Becker, Louis Eastwood, Edward Barrows: sick committee, Frank Floto, Bernie Wilhelm, Frank Bailey.
The Waterbury Democrat., 1934-08-23
Political Fight
 To Be Broadcast

Reorganization republicans will use, the radio to explain the issues of the present campaign to un- scat the local g. o. p town chair man and town committee, it was learned today. Bebininng tonight they will deliver four addresses over station WATR setting forth the reasons for their drive to bring about change in management of the republican forces of Water bury. It marks the first time that the radio has been used in a primary battle locally. Tonight's broadcast will be from 7:15 to 1880 o'clock. The broadcast tomor- row night and Saturday evening will be from 7:15 to 7:3O o'clock, also. Monday night the speakers will discuss the issues from 7:3O to S:45 o'clock.