davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Advance Continues
In Bank CLeUrinQS

Bank clearings continue very
much higher. The total for the
six days ended on Wednesday of
this week, compared with five days
last year, for all leading cities in
the United States. as reported to
Dun & Bradstreet, Inc, was S.
300, 100000, an increase of 30.5
per cent.
New York city clearings we're
$3.735, 252,000, a gain Of 30.6 per
cent, while the total for all CEN
tiers outside of New York of 81 $685..
057, 200 was 30.2 per cent higher.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26

The competitive advantages now
enjoyed by American exporters
that are due to the cheapening of
the dollar cannot be depended on
to continue indefinitely, says the
Trust Company of New
York today in the current issue of
The Guaranty Survey, it's review
of business and financial condi-
tions in the United States and
abroad. It comments as follows:
"WhiIe the main considera-
ton in devaluing the dollar,
was, of course, the stimulation
of domestic industry and COM
merce, foreign trade is a branch
of business that should be most
directly affected by such ac-
ton"
GENERAL EFFECTS LISTED
I'm fact, the rise in domestic
prices that the act of devalua-
ton is designed to bring about
should take place partly as a re-
suit of shifts in foreign trade
due to the cheapening of the
dollar, and the subject is daily
becoming more important 10
business men generally.
"The broad relation between
devaluatiOn and foreign trade
is very simple. Devaluation of a
nations money cheapenS that
money in terms of foreign cur
rencies and consequently cheap
ems that nations goods in terms
of foreign goods.
ut makes it less costly for
foreigners to import goods from
the nation that devalues its cur.
rency and more expensive for
that nation to import goods
from abroad. In this way, it
stimulates the export trade, and
restricts the import trade, of the
devaluating nation.
DOMESTIC LEVELS SPREAD
I'm the United States at pres
ent, for example, the general
level of wholesale commodity
prices has risen only % per cent
since last March, while the ex.
change value of the dollar has
dropped about 40 per cent.
This change has made Ameri.
can goods cheaper in terms of
foreign currencies, thus giving
a competitive advantage to
American exporters, although
prices of many commodities
that enter into foreign trade, in.
Guiding such conspicuous exam
pies as cotton and wheat, have
risen more than the general
average.
"These effects on exports and
imports are temporary. They
continue only until the altera-
ton in exchange rates is offset
by changes in price and wage
levels.
"The expectation of devaIua-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Good Business
NeuS Items

Eureka Vacuum resumes, Ma
tiOnal Standard increases and
Quaker Oats votes extra divi-
dend Rail lOadings rise as
per cent in week, contrary to
customary decline for cores
pOnding period Steel out
put up 4 per cent to Al per
cent of capacity, ..ccOrding to
magazine Steel, with outlook
improving . FreepOrt Texas
Company increases years net
profit by well over 20 per cent.
Fishers wholesale cOmmO-
dity index moves up to an.
other new recovery peak &.
net demand deposits of Re-
serve member banks up nearly
1000 million dollars since
August last Paint price ad-
vances listed by Oil, Paint and
Drug Reporter Dun and
Bradstreet, Inc. reports insOl-
vency index 2.year low.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
RAIL EARNINGS
ARE DOUBLED

Aggregate net operating income
of the first 10 railroads to report
earnings for January more than
doubled their aggregate for both
January, 1888, and January, 1882.
Increases in gross revenues and
net operating income in January
as compared with the like month
of the preceding years substan-
TALLY exceeded the increase in
the preceding month over the
like period of the previous year.
The first 10 roads to report fer
January had net operating in
come approximately $6,934, 900,
compared with $3,290,0O0 in the
like 1888 month, increase of 11O.7
per cent, and with $3,283,000 in
the like month in 1882, an in
crease of 111.2 per cent.
December, 1888, net operating
income amounted to $9,132,O00,
an increase of 35.2 per cent over
the $6,753,000 reported in the
comparable 1882 month.
In January this year their
gross revenue totaled $44,453, 900,
against $39,297, 900 in January.
1888, a reduction of 3.8 per cent.
In December, 1888, their gross
revenues amounted to $42,523, 900,
an increase Of IL per cent over
the $42,01O,OO0 registered in the
like month of the preceding year.
Outstanding showings to date
for January have been made by
the Southern Pacific, Reading
and Erie.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Produce Markets

broken and 2 unbroken cars on track:
Supplies Of good stock light; demand
and trading light; market steady.
almost too few sales reported to quote;
turning wrapped, mostly fair to ordi-
nary quality and condition, SKIS. $3.50
$50: few best, $2@2.25; poorer lower.
Mixed Vegeta bles-One California, /
broken cars on track.
Green Beans-Three Florida arrived
4 broken and unbroken cars on
track. Supplies moderate; demand and
trading. light, market steady. Florida,
bushel hampers. green. flat type. s2.25
@2.50: fair condition. 81.
Lima Beans-One Florida arrived; /
unbroken car on track. Supplies light;
demand and trading light; market
; ;s5S POORER dierlds s. Oushel hamper" BEST
cumbers-southern stock: Hothouse
stock too few sales reported to quote.
Notwithstanding light; demand and
trading light: market steady. Florida,
Peppers-supplies light; demand and
trading light; market steady. Florida,
IL bushel crates, green, fancy, $4.5065.
Squash-Supplies light; demand and
trading light; market steady. Florida,
Yellow Crooknecks. SEES @25O.
Escarole-No supplies on the market.
Kale-supplies Zig hit: d m d
moderate; market steady. Virginia,
oushel baskets, wide range in quality
and condition, best 7o9sOc; poorer
Collards-No supplies on the market.
Oranges-Two California. 3 Florida
arrived; 4 broken and 8 unbroken cars
on track. Florida, truck receipts,
bushel baskets, S1.25 91.s5, according
to grade and size.
Grapefruit-No carlot arrivals; no
cars on track. Florida, truck receipts,
bushel baskets. $1.15 @15O, according
to grade and size.
Rhubarb-Michigan cartons. extra
fancy, soc.
Observation-Disclosures, boxes, $2@2.2s.
Beets-No Carlot arrivals: broken
car on track. Texas. a crates, $3.50
L. c. L. EXPRESS ARRIVALS
Florida-66 eggplants, So lettuce, c64
lima beans, "a parley. IL okra, SIS peas
% peppers, S6 squash, 10 green beans,
~ tomatoes.
Pennsylvania-176 mushrooms
Mixed vegetables, As crates.
CHICAGO
ETaI nc
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
New York Bond List

NEW YORK, Feb. 26 UN.S.
The Bond market resumed its de-
clining phase today as renewed
liquidation came into the market,
with the rails again hard hit.
Western Pacific SIS were weak
est in the carriers, dropping about
2 points on doubts as to whether
interest payments would be voted
at today's meeting. Losses up to
point were sustained in the
Allegheny SIS of so; Chesapeake
Corporation IS, and several others.
International Telephone 41as of
80 was reactionary in the do
nestle list.
U. S. Governments were easier
on the average, with losses up to
3.32 sustained in the Treasury
4l4s of AS; Treasury 3As, and
Treasury 33ss of '43.
American Waterworks led the
investment loans downward.
Foreign we're firm, with Ger
man 512s and Belgium IS annex
ing small gains.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Court Denies Price
Cutting Injunction

WILMINGTON, Feb. 26.-In an
opinion filed in U. S. District
Court here by Judge John P.
Nields, Chicago Flexible Shaft
Company, of Chicago, was de-
MED a temporary injunction
against Katz Drug Company, Of
Kansas City, Mo-, to enjoin it
from selling food mixers at q
price below $21 each.
The court held the defendant
has a right to sell mixers which
it buys outright at a reasonable
profit to itself even though the
prices are less than the price
which the plaintiff is trying to
maintain in all retail sales.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
GRAINS FORCED
To NEW LOWS

CHICAGO, Feb. rs GN.S).
Grains went to new lows today
on selling inspired by bearish
weather reports and the decline
in stocks and cotton.
Wheat eased to $500 for the
May contract, off 12c and corn
and oats dipped small fractions to
5012c and 345sc, but buying on
resting orders checked the down
turn and the market held quiet
around the early lows.
Near mid session wheat was %
to 12c lower, corn and oats "a 20
PC off, rye rs to 3sc down.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
LIVESTOCK MARKETS
CHICAGO

CHICAGO, Feb. rs (I.N.S.).-Hogs: 49,
900; 15@25c higher. Top. s4.9O; bulk,
$50 so; heavy, $4.4O@4.S5: medium.
$3.50 @ 100; light, s4.5O@49O; ligh
ilghts' $4.4O0 $50; packing sows, 1915 q
AIS; pigs, $2.5O@415. Holdovers. 1000.
Cattle-15,OO0; steady. Calves, 1000;
steady; Beef steers-Good and choice,
50 @7.25; common and medium, $466;
yearl1ngs. $6@7.S5; butcher cattle
4 elfers, 1925 06.25; cows, $2.75@4; bulls,
$1'5O@4; calves, $407: feeder steers,
$3.50 as: stockers-steers, 1904; cows
and heifers $2@3.75.
Sheep-15, 900; steady. Medium and
choice lambs. $s.5O@975; culIs and
common $5@7; yearlings. $6.5O@9: COM
lambs, sos.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26

1907 tubs: steady. Old cars. 8: new. 9;
creamery extras. csc: standards, 24%c;
extra firsts, 24Q24Ac; firsts, 2S@2315c;
seconds, 221ac; specials, 25N @26c.
Eggs-13.3S7 cases; steady. Old cars,
10; new, Is. Ordinary current receipts,
15Ac; fresh graded extra firsts, less
than cars. 1910: cars, 1s%c: fresh
graded firsts, less than cars, 16c; cars,
161ac; dirties, lac; checks. 1890.
Cheese-Twins, 1879 q lac; daisies and
longhorns, 14@14i2c.
Live Poultry-Turkeys and Young hens,
1Sc: young toms, lie; old toms, 20 12c;
hens, 13@14c; leghorn hens, 90 lie;
spring chickens, 15c; leghorn chickens,
9@11c; ROSTERS, &c; ducks. 14917c;
geese, 10 10c.
Pota toes-173 cars; on track, 4os: U.
S. shipments. 662. No trading account
cold weather.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
CLOTH PRICES FIRM

NEW 1ORk, Feb. Is N.N.S.).-The
quiet tone of last week carried over
into the coarse yarn cloths market
today. but prices. with one or two
minor exceptions, held firm.
Second hands did a fair amount of
business at Y cents under first hand
quotations, and 1t seemed apparent
that the demand for goods at the u
cent concession was greater than the
supply of second hand offerings.
Meanwhile, sales of finished goods
continued to hol1 up well, and retail
ers were pressing both 1obbers and con-
verters for quick deliveries.
Many In the market feel that the
lower rate of activity will continue
through this week. since buyers have
nearby months and are finding it diff
ficult to get goods finished for quick
delivery.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
NEW YORK

NEW YORK. Feb. rs GN.s).-But-
ter steady, sailed and unsalted creamery
higher scoring, 26A @2Skc. Creamery
extras, 26@27A, creamery firsts, $50
261s.
Cheese-Quiet, state whole milk flats.
specials, 10000, average run, 1906.
Wisconsin whole milk, fancy young
Americans. 16c.
Eggs-Firm, nearby white. specials,
225c; standards, 21@2115c; me-
diums, 21c'; nearby brown specials 1919
@21"c; standards, 1s@19c; mixed spe-
Gals, 1872 @2Oc; standards, TN @1Sci
firsts, 17@17h; seconds, 16A @16A: me-
diums, 1870. Pacific coast white, fancy
packs. 2S@2S1sc; standards. 22h @2S;
mediums, 21c
The wholesale price is $2.2S per 100
pounds No. fluid milk within the
2n1-210 milA znne
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Assets More Than
Doubled bu Atlas

Gross net assets Of the Atlas
Corporation increased in 1888
from 53,89O,OOO to S121.336, 900,
and the net asset value of the
investment trusts common shares
increased from STOP to $11.02 a
share, or 81 per cent. according
to the annual report mailed to
stockholders.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
CASE REPORTS LOSS

j. I. Case Company reported
a net loss for 1888 of $2.093, SOB
after taxes and all charges, COM
pared with a loss of $2,611, 082
in 1882. Earned surplus at the
close of last year totaled $3,981.-
613, against $6,482,416 a year
earlier.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
DIVIDENDS INCREASED

National Standard Company
raised quarterly dividends from 80
cents to so cents a share. today,
payable April 2 to stock Of record
March 20.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26

CLEVELAND, Ohio, Feb.'es GNsD.
light hogs 35c higher: top, $500.
,Cattle-Receipts 500: market fairly ac-
tive, steady to strong: few sales slightly
higher than last weeks close; choice
steers quotable, $500
Calves-Receipts 400; market active,
mostly soc higher. top, $500; bulk, $500
sheep-Receipts 1000; market active
good clipped. $7.50@S.O0
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
EAST BUFFAT,O

- EAST BUFFALO, N. 2. Feb. %
u.N.SD. -Livestock: Hogs 5000; hold
overs 2S6. Active unevenly 1o@25c
higher. mostly 15c over Fridays aver
age; Bulk desirable 16O-2so pounds
1925; top. $3.50; 25O-SoO pounds, $50
SIS: 12O-15O pounds, $4.4o@5. Pigs
downward from 81; mixed weights and
palmer quality, $5.1O@5.15.
Cattle 1900. followers 125. Steer
and yearling trade somewhat uneven,
put mostly steady. Good to choice,
1928 @6.75, and sparingly, $7.15 for
LOIS pound weights; medium and short
reds $4.75@ SIS, including 'yearling
heifers at s5.S5; common steers and
helfers' $45o@5; fat cows. $3.35@3.75:
$3.25@S5O.
Calves 500: vealers SOC higher. Good
to choice. So: common and medium,
$3.50 @ $50; inferior gulls. 1904.
Sheep $500. Lambs active. steady to
strong. Good to choice, woolskins.
$lO2S: common and medium, $3.50
$50: few shorn lambs, $3.50 down;
fat ewes. $3.50; mixed sheep, $S5o@5.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
NEW YORK WOOL

NEW YORK. Feb IS S),-wool,
steady, domestic fleece. unwashed, Ohio
and Pennsylvania, 2s@4Sc: domestic
pulled, secured basi. 6Sc@$1.2; do
mestc Texas, clean basis, 72@SSc; do
mestic territory. clean basis. 65@ssc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
NAVAL STORES

NEW YORK, Feb. IS INsO.-Lin-
seed oil per ID. SO earlotS. Turpeutins.
Aarm eS@sSa Eosina SlrnAS coEnunoA EsEa
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
Volume Saturday
$e,390,000

q. 3. GOVERNMENT BONDS
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-26
N. Y. Stock Quotations
CONTINUED from Preceding PaRs)

(a) Optional stock CD Partly (c)
(d) Extra Paid in 1888.
account accumuatonS payment
(h) Payable tm) Special. (ww)
With warrants (xw) Without warrants t') Ex-dvdend.
% Ex-rghts
Dividend rate n dollars parenhess CNote)
dividends published through regular dividend period
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16
LOUD BURSTS ON SHORES OF
GALLILEE FATAL TO MANY

victims of Tuesdays catastronhe'
The population fought for hlgh
ground in the suburbs OF the
stricken city. Efforts to check
the dead were futile. Twenty
five were known to have perish
ed Monday and as many or more
were feared lost yesterday.
The cloudburst lasted 70 nun
utes The water descended IN
sheets and swirled like strong
river through the town, destroy
ing houses and carrying off VIC
tins in its relentless current.
Streets only cleared few
hours previously of debris were
again choked with goods, furni-
ture, and debris of every deserlp-
ton.
The town has a population OF
$500 persons. Tiberias was
founded by Herod Antipas in the
first century. 1t was named in
honor of the Roman emperor, Ii
berias. 1t is 27 miles southwest
of Ancre, on the west shore Of
the Sea of Galilee,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16
FLIERSFORCED
DOWN IN erin
Gas Pipe Being Repaired;
Hope to Renew Flight
7 o d ay

LAHINCM, County Clare, Ire
land. MAY Is. = (UP). - Cesare
SabeIli and George Pond, trans
Atlantic fiers on their way to
Rome, last night recounted their
fight for live over the treacher-
Gus North Atlantic, after being
forced down at the hamlet Of
Nov, two miles from here.
In exclusive interviews with the
United Press, they told how they
feared for while they were lost.
Motor trouble caused by feed line
choking nearly plunged them into
the ocean off the coast of Ireland.
The fiiers, seeking to set non
stop record from New York to
Rome, were forced down two
miles from here in mid-afternoon.
They walked to Lahinch and re-
ported themselves unhurt but
their big Reliance plane slightly
damaged. They expect to continue
today after minor repairs.
Both went to bed early at a
local hotel, but consented to dis
cuss briefly their hazardous ex-
perience with the United Press
correspondent.
Pond, found in his room, said
they flew blind for % hours.
"About 400 miles from Ire.
land" he said, eve experienced
engine trouble. We had absolute
ly no knowledge of our surround
ings in the fog and thought for a
long time-it seemed very long
time-it would be necessary to
make a forced landing at sea-"
Their big monoplane, the Leon
ardo da Vinci, is a land plane,
and such a plunge they intlmaten
probably would have proved tatal'
"Hope dwindled as we strug,,
gled on and the engine seemed
about to sputter its last" fono
continued. "Sabelli thereupon De-
gan to pump oil into the engine
The plane responded and we rose rC,
to height of 1000 feet. Inc
machine continued on the COURSE
Continued on page four.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16
LAKE SUMMIT
TAKES LIFE0F
JESSE JAMES
Balfour Waterman, 81,
Will Be Buried Fri
day P. M.
DIVES TO RESCUE
DAUGHTER; BROWNS

Jesse J. James, Sd, Waterman
at Balfour Mills, was drowned
yesterday evening at Lake Sum-
nit.
Mr.. James was fishing with his
daughter, Mrs. Encch Dempsey
and Mr.. Dempsey, when Mrs.
Dempsey fell from the boat into
the lake. He went over to bring
her in, as did several other men
who were nearby. Mrs. Dempsey
was brought into the boat safely
but Mr.. James was unable to get
back into the boat and drowned.
DR.. J. L. Wellington, who was
called to the scene, stated today
that Mr.. James was suffering
from asthma, and this condition
with weakened heart probably
caused death, as he remained in
the water only a few minutes.
The deceased was a son of P.
P. and Elizabeth Barker James of
Greer, S. C. He was born in Greer
in 1880. His wife, who is de-
ceased, was Miss Lulu Brown. He
is survived by three sons and
three daughters, Mrs. Beaver Tay-
lor, Mrs. Enoch Dempsey, Mrs.
Annie Blocker, and Mack, Benson
and Dewey James; two brothers,
Bub and Sam James. of Greer,
and three sisters, Mrs. Amanda
Poole, and Misses Bunch and Edna
James, also of Greer.
Funeral services will be held
tomorrow afternoon at Rock
Church, S. c., with the Rev. C. E.
Blythe officiating. Mr.. James was
member of the Balfour Baptist
church.
Pallbears will be S. w. Will
liams, R. M. Shultz, w. E. Hea-
ton, Charles Seay, C. R. Stages,
and l.. r. Geiger.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16
Two Army Fliers
Drowned After
Planes Collide
Bodies of Lieutenants Are
Taken From Red River,
Late Tuesday

SHREVEPORT. La, May 10
tUP).-Bodies Of two army fiiers
were recovered late Wednesday
from the Red river, where they
fell when their planes collided
during maneuvers.
They were Lieut.. Norman II.
Speaker, 25, and Lieut.. William
H. Doolittle, 80 attached to
Barksdale field.
Witnesses said that both planes
were flying low. One struck a
telephone line stretched across the
river. The planes landing gear
was sheared and the impact threw
it against the second plane. Both
plummeted into the water.
Divers recovered the bodies
from the wreckage of the planes:
Lieut.. Doolittle, a native OF
Ohio, resided at the field with his
wife and two small children, and
Lieut.. Speaker came from FL
Paso, Texas.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16

oo0bRlAS, Palestine, May 16.
| "A second deluge devastat-
aus ancient city in the Holy
+ W Yesterday causing terrific
b., y. ii'es and property along
/ catered shores of the Sea
'o rrs storm burst at noon as
srars IS were preparing fu-
~ u a score or more stricken
,safS HrSt clOudburst Monday.
VI many children was fear
b, 'I sES shrieked as they saw
kirIiro.. "IIoren swept away in
BE- Iato waters running deep in
EenziaS- streets. Troops and
|eeD II parents struggled knee
|ttor,s j.. mud and water in futile
Horo,.o save : them.
! S o5;as Of the scene increased
Feys, ca., OF human beings, DON
lainsIs' T.s, chickens and other
The No. toS[' came to the surface
|sept IND %ntInd-iashed lake and were
|OrouySfsana along the flooded
'"res with the struggling
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-05-16
FOOD DEALERS
PICK SUBCODE
AUTHORITIES
IS Per Cent of Dealers and
Distributors Can De-
termine Work Hours

At a meeting last night in the
city hail, 90 food and grocery
distributors in the Hendersonville
area elected sub-code authority
for this area.
This code authority consists of
representatives of all the major
groups in the trade, the general
code including meat markets, gro
Gerry stores, fruit stands, fish mar
kets and other operators under
the food and grocery distributors
code.
H. B. Kincaid was elected to
represent the independent gro
GERS; T. D. Clark as represents
tive of the wholesalers, and R. G..
Covington the chain stores.
This group will define the
hours of business Of these trades
and rs per cent of the group can
make these hours mandatory.
Major A. R. Turnbull, execu-
tive secretary for the food and
grocery authority in the First
North Carolina district; j. w.
Stickney, Jr., executive assistant
to Major Turnbull, and Mr.. Rice,
of the code authority, were pres
ent at the meeting. At its con-
clusion, Major Turnbull said it
was one of the best meetings he
has attended from the standpoint
of interest and cooperation.