davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-10-19
future
LINKED TO BUDGET
Continued Spending Expect
ed to Bring Day Of Reck.
oning Eventually.
BY CLAUDE A. JAEGER,
Associated Press Financial Editor.

NEW YORK, October ls.-Avoid-
ance Of serious imitation in the United
States, say q number Of prominent
Wall Street monetary authorities, de-
pends upon the ability Of business re-
covery to catch up with Government
spending.
In these quarters, uneasiness over
further devaluation Of the dollar, over
silver, or any new monetary expert
mentation, has largely subsidized. They
have confidence In the dollar, for the
nearer future at least.
In the long run, they say. continued
large deficits may be expected to have
the inflationary effects that they have
had in various countries in the past.
Opinion differs as to how long these
deficits may continue. Some econ
omists say they may continue for a
considerable period. But II economic
history teaches anything, they point
out, q day Of reckoning must eventu-
ally come.
Jobless Problem Vital.
Therefore, the crux Of the problem
Of keeping the dollar sound, according
ment. Calculations regarding the dol
lar must start with the fact that, ac-
cording to latest figures, more than
10000 900 persons in the United
States, including unemployed and
their families, are receiving relief.
Other millions are living from their
own or the savings Of relatives, and
will come on relief roles eventually as
these savings are exhausted, II they
do not find employment.
OF course, it is conceivable that 1t
might be possible to increase taxes
sufficiently to meet the burden Of re-
lief and balance the budget. But
rising taxes, it is argued, soon reaches
the point Of diminishing returns. High
taxes discourage business, decrease the
volume of taxable business Snd tend to
thwart unemployment.
What are the prospects Of business
recovery overtaking Government
spending? Donald Richberg. in his
recent Chicago address, which at
| tracted so much attention in Wall
0bIcclt bdlu JllC pulQCl VA ACIiSA NAAo
Winter will be far smaller than last,
and that it was desirable to balance
, the budget at the earliest moment that
! it could be accomplished without
eliminating necessary relief.
Building Is Sore Spot.
The bulk Of unemployment is said
| to be seated in the heavy or durable
goods industries. The returning con-
fidence in the dollar, it is explained
should help to revive the capital mar
ket and thus stimulate durable goods
lines.
A sore spot is building. President
Roosevelt revealed at his Wednesday
press conference this week that wide
housing program is being drafted fol
submission to Congress. This program
will presumably involve the use oi
| Government funds. Proponents say
however, that II 1t involves merely
| Government investment, II is not es-
sential spending" and some spending
might be justified If 1t would really re.
vive the industry.
Evening star., 1934-10-19
Dollar Declines
To 4.95 3 /l6 Mark
On London Mart
BY the Associated Press.

BY the Associated Press.
LONDON, October 1o.-The United
States dollar dropped 7-16 cent to the
pound today, closing at 495 3-l6 to
the pound, compared to yesterdays
close of 494&. The opening was at
4.943s.
The French franc closed at 74.63
to the pound, as compared with yes
terday's close of 74.44.
The price of bar gold declined 5
pence to 141 shillings 8 pence ($35.02)
a fine ounce, and an amount valued
at f134,000 1852, ,462.50) was pur-
chased.
The price of silver recovered 3-16
penny, to sell at % 1916 pence an
ounce.
PARIS. October 10 C).-Three per
cent rentes. 70 francs 80 centimes;
AZ per cent rentes, $500.
Exchange on London. 7463. The
dollar was quoted at 15.07A.
Evening star., 1934-10-19
TRADE REGISTERS
VIGOROUS CLIMB
Sharpest Gain of Autumn
Season Reported by
Dun & Bradstreet.
By the Associated Press.

By the Associated Press.
NEW YORK, October 19-The DUN
& Bradstreet weekly trade review said
today that "the most vigorous for.
ward step Of the Fsil season was
recorded this week in general trade
movements"
Reports from all parts OF the coun-
try, asserted the review, called atten-
ton to the sharp increases in retail
distribution, particularly pronounced
in the farm areas, where Government
funds are being distributed at a con-
stantly enlarging rate.
while some of the fundamental
uncertainties are yet to be removed,
confidence is more definitely in evi-
dence and there is more reinsurance
that policies adopted for future action
will be constructive, as these will have
the background Of experience rather
than theory, thus making for a con-
tinuous recovery movement, rather
than one punctuated by periodic re-
lapses.
The average Of industrial opera
tions is starting to rise, In spite Of
further recession In the steel and
motors divisions.
Extending the gains that we're re-
corded for September, retail sales in
the country districts made q suhstan-
tial pickup from the total Of the
week preceding.
The cooler weather provided whole
sale markets with the stimulation for
which most lines had been waiting
since the first of the month.
Although stocks of merchandise
admittedly are low in most parts Of
the country-a fact that is substanti-
ated by the immediate deliveries in
variaoly requested-it is doubted that
buying during the remaining months
Of the year will reach the extent at
! tanned during the hectic quest for
merchandise during the Spring and
early Summer Of 1888"
Evening star., 1934-10-19
JOINS BR00KMIRE STAFF.

NEW YORK, October 10 R.-
Paul Clay, widely known economist.
public speaker and valuation expert,
has become associated with Brook
mires where he will serve as editor
of Brookmire Bulletins, a service
established in 1904 Mr.. Clay is best
known as a student Of investment
problems and has served as financial
adviser to many corporations and
business executives
Evening star., 1934-10-19
BOND LIST VEERS
TOWARD F|RMNESS
Improvement in U. S. Issues
Shown Before Close.
CorporateS Narrow.
BY BERNARD S. O'HARA,


NEW YORK, october 19.-The bond
market veered toward firmness in the
late trading, coincident with some i'm
provement in the position of United
States Government issues.
Home Loan and Federal Farm is
sues, which were heavy in the early
trading, edged up to small net gains.
Several of the Treasurys also can
celed losses to work even with the
previous finals.
The price swing in the corporate list
continued narrow all through the
session. Small gains were predomi-
nant in the secondary group. Losses
Of fractions to a point occurred in
Great Northern 4las, Western Union
IS and Southern Pacific AIS.
The foreign list was featureless.
Evening star., 1934-10-19
NEW YORK SUGAR.

NEW YORK. October 19 R.-There
futures market today. and prices were
easier under increased liquidation and
hedge selling. promoted by the inactivity
remaining Cuban quota will be disposed Of
December contracts sold of from ] 80
to 1. rs and July from 1.s6 to 1.s4. or 8
But at these levels demand became
little more active. and there were recoveries
pm. ruling about 2 to points net lover.
Evening star., 1934-10-19
CURB DEVELOPS
IRREGULAR TREND
Selling in Metals and Some
lndustriaIs Appears.
Many Issues Firm.
BY q. A. PHILLIPS,

Associated Press Financial Writer.
NEW YORK. october 19.-The Curb
market was given q rather ragged ap-
pearance today by trickles Of selling
in mining issues and some Of the
industrial specialties.
Much of the list held firm. Parker
Rust Proof lost 2, United States Play
ing Card, !. and Lake Shore and
Newmont sagged fractionally.
Swift 81 Co., Sherwin Williams and
American Gas & Electric advanced
minor fractions.
Evening star., 1934-10-19
BOSTON WOOL MARKET.

BOSTON, October 10 N1 CUnited States
sized lots, Of average staple 12-month
40 cents secured e;a basis; ISL Frtner ;trerstn
was reported in this market. Average
tert.r1 to fS1d Eoo Sold and an es
cents secured basis. although much of
the demand was for short French comb
ing at 63a65 cents. Ohio ine Delaine
brought 27a2s cents In the grease. ee-
cordinr to estimated shrinksge. strictly
comhinR 58s, sos. ls-blood Ohio and SINH
lar fieeces moved at sa2e cents in the
Evening star., 1934-10-19
LUMBER MILLS BOOK
LESS NEW BUSINESS
BY the Associated Press.

BY The Associated Press.
New business booked by the lumber
mills in the week ended october Is
totaled 172.064,000 feet, against 49,
279,000 feet in the previous week, ac-
cording to the National Lumber Manu-
facturers' Association. Production was
185, SAT. 900 feet, against 1873 900 900
and shipments, l66,905,O00, against
178,099, 900.
Evening star., 1934-10-19
MONEY MARKET.

NEW YORK October 10 B-Can
money steady; / per cent all day.
Time loans steady; go days-6 months.
34al per cent
Prime commercial paper -.
Bankers acceptances unchanged.
Rediscount rate. New York Reserve
Bank, / "a per cent.
Evening star., 1934-10-19
NEW YORK PRODUCE,

NEW YORK, October 10 P.-Butter
1895; firm; prices unchanged.
Cheese, 51,115: firm and unchanged
Eggs, 9,733; irregular; mixed colors
standards and commercial standards. 26a
26l7; frsts, 23a2394; seconds. 22a2217
mediums, 40 pounds, and dirties. No l
AZ pounds. 2112a22H: refrigerator, hrsts
21l2a22: other mixed colors unchanged.
Evening star., 1934-10-19
CHICAGO PRODUCE.

live. 2 cars, as trucks: steady: hens, liza
14a;- Leshorn hens. 10; Rock Springs.
14a151a: colored. 1914; Leshorn. 12a:
roosters, II; turkeys. 10a1S; young ducks,
Al pounds up, 14a16; small. IL; young
Potatoes. -: on track. 217; total United
states shipments, ses: ABOUT steaoy: SUD
slow: Wisconsin Round Whites. U. 8. No. l..
sOse0: commercial grade: rs: Idaho Rus
sets, q. o. No. 1: 1850; o.. 9. No. 2,
1.s0; Oregon Russets. U. g. No. 2, 1.25.
Butter. e.3o4: arm; creamery: specials
49,. ssa seorsti stI. a1,t. sors oe .Hass
fTsts Css-ss1, 23ssS249s; seconds Gs6-sD.
22l1a23: standards 900, centralized car
lots), 2b4. Butter sales, 100 tubs ex-
tras, 81; standards, l car. 26; cars
Esss. 1873: nrm; prices unchanged. No
arr ralag
Evening star., 1934-10-19
METAL MARKET.

quiet; electroiytic. spot and future. Blue
Eagle, 600. Tin steadier; spot and near
by, b1.o0a51.10; future: 51.05. Iron
quiet. unchanged. Lead steady; spot, New
York. 370: East st. Louis. 3.55. Zinc
frmer: East St. Louis. spot and future,
3,s0a3 s5. Aluminium, 20.00a23.30. An
timony, spot. $50.
Evening star., 1934-10-19
SAVANNAH NAVAL STORES.

SAVANNAH, october 10 Rl.--Turpentine
dull. 47a; no, sales; receipts; 2ssi no
sales: receipts. 1266; shipments. 217;
stock. 132. .244: quote. 2 and D. 20;
d, $50; N. 4.s0; VIC. 500; WV and
Evening star., 1934-10-19
RUBBER FUTURES.

NEW YORK. October 10 P.-Crude
rubber futures opened quiet. 6 to 10 lower
October. 13.92b December. 14.14: Janu-
ary unauoted March. 14.5253. Bid.
Evening star., 1934-10-19
PRODUCE EXCHANGE
q. S. TREASURY POSITION.
" the Associated Press

BY the Associated Press.
The position of the Treasury October
II & Was: Eeceiptss es Pts oS Ss4 M a.. .e7s sx-
month. S16.956, 5000.
Receipts for the fiscal year (since July
D., 81. .134 SOS. .554 90; expenditures, ST.
q43. 955 .053.S6 (including 81 02S. 305,
160.73 Of emergency expendituresl; ex-
cess of expenditures, $500. 1856. .49s "a; gold
Receipts for October II, 1884, (com-
parable date last year,. Sls4. .909. sic "A
expenditures. S191. .643. .324 80; net balance
month. s17 500 .:ss7 So.
Receipts for the nscal year, $3.50 .os0.
S02.S5; expenditures, 81 ,202 .502. .945.15,
expenditures. Excess of expenditures.
S343. .422, 1928; gold assets, S3.196.-
593. .S49.40.
Evening star., 1934-10-19
INVESTMENT TRUSTS

NEW YORK October 10 ON.-New York
Security Dealers Association;
Noon Quotations
Evening star., 1934-10-19
FOREIGN BONDS.

duesfusl es SO ~ ~ 4sH 9ih ssl
ww-With warrants. xw-without war
rants. n-New. wi-When issued. st
tstp)-Stamped. sNegotiability impaired
BY maturity. Bonds fully listed on the
Curb Exchange; others are dealt in as un-
listed issues. tCompanies reported in re-
ceivership.
Evening star., 1934-10-19

Yukon Gold. ... Z & g g
Dividend rates in dollars based on last
extra. tPlus A. in stock. Payable in
cash or stock b Payable in stock Plus
So In stock. Plus So in stock b Pay.
this year-no regular rate. m Accumulated
dividends paid this year. Plus 10% in
stock. Paid last year-no reeular rate
Evening star., 1934-10-19
N. Y. EXCHANGE BONDS
R.c.,ved b, Private wire Direct Evening stas.
U. q. GOVERNMENT soNDs.
Recelved hy PrIvats Wire

High Low. Close.
Fed Farm Mtg
Loan 80 49,. 9s2 1922 ssl
Fed Farm Mtg
Corpn 3Hs'64 lOOlO SsZS lUof
Home owners Loan
Corpn Z%s'49. 95S 9124 s52
Home OwnLoan
Corpn IS '52... eS3 s722 ssl
Home OwnLoan
Corpn Is '51... 9S5 VI 22 seS
LIBERTY BONDS.
ans lO3 26 l03 "a 103 26
lar CIV cv4nsS2-47. 10325 l0323 l03 26
eth avs s3-3s., 104 103S0 104
Evening star., 1934-10-19
N. Y. CURB MARKET

Stock and Sales
Dividend Rate. Add 90. High. Low. Close
Fla Pwr a. 1t pf.. Sos . o 8
Ford Motor Can
tA1 (k5oc),... 3 23h 23k 23N
Ford Motor Ltd. IL 10A 10 10
Evening star., 1934-10-19

Reynolds Invest
Richfeld Oil, Cal
pf (r). -,
Royal Typewriter
The Daily Alaska empire., 1934-05-07
SEA BATTERED
 MOTORSH|P IS
 AT ESQU|MAL7
Childar Towed to British Columbia Port After
 50 Hours Tn Gale

VICTORIA, B. O., May With the master, Capt. J. Mattiasen, and three members of the crew still aboard, the battered wreck of the Norwegian motorship Childar is now in the harbor at Esquimalt. Underwriters changed the course of the craft from Port Angeles to Esquimalt.
 Coast Guard Praised
 Those rescued from the craft during the terrific storm of late last week, said they owed their lives to the crew of the Coast Guard Cutter Redwing.
 The Redwing transferred her tow to the seagoing tug Roosevelt after a 59 hour battle with the sea.
 In Bad Shape
 The Ch.dar's plates are buckled, staunchions twisted and booms splintered and towing bits torn out.
 Huge waves lifted the ship over the North Spit at the entrance to the Columbia River last Friday. where she had grounded, and i've picked her up on the first bounce, y said T. R. Lloyd, boatswain of the Redwing.
The Daily Alaska empire., 1934-05-07
CHILD WELFARE
 COMMISSION IS
 NAMED BY TROY
Board of Five, Headed by ]. F. Mullen Is Created
 byGov. John w. Troy

The appointment of new Child Welfare Commission of five mem bers was made known today by Gov John w. Troy, under the pro- visions of law passed by the Ter ritorial Legislature last year. Judge J. F. Mullen, United States Com missioner here, was n a m e d as Chairman.
 Other members of the Commis- sion are: Dr. Harry c. DeVighne, Mrs. Ruth c. Metcalf, Frank Booth and Harry c Watson. Mrs. Met calf was a member of a similar commission appointed in 1881 by then Gov. George A. Parks. Other members of the original Commis- sion whose existence expired last year were: Senator Allen Shattuck. Chairman, Mrs. J. c. Thomas, E. M. Policy and Mrs. J. A. Talbot of Ketchikan.
 Object Is Defined
 The Legislature, in creating the Commission, declared its purpose as follows: "To make a survey of the facilities available in the Terri tory and the methods now employ ed for the care of dependent chil- dren, to make inquiries to determ- inc the best methods now in use in the States covering the subject and report it's findings to the next regular session of the Legislature. /"
 The Commission will have about eight months in which to complete it's mission, as the next Legisla- ture will convene here in January of next year instead of March as heretofore.
 Is Without Compensation
 The Commission will work with out compensation from the Ter ritory as the Legislature provided no funds to meet expenses. For that reason, and in order that meetings can be held frequently, the Governor did not appoint any, one outside of Juneau on it. The one out-of-towp member on the original Commission, Mrs. Talbot, in letter to it two years ago re- commended that policy, pointing out that the expense and time required from members residing away from the capital handicapped the studies.
 In selecting the Commission, the Governor said he had desired to have the legal fraternity, the medi-
 Continued on Page Eight)
The Daily Alaska empire., 1934-05-07
BLUE EAGLE TO GET CONTRACTS
 ON GOVT. WORK
Only Firms Un der MIRA Will Be Allowed Recon
 dition Nation Homes

WASHINGTON, May 7.-Build- ing companies must be under the Blue Eagle. to obtain any of the two hundred million dollars worth of business the Government is go- ing to create in extending aid in reconditioning the nations dis tressed homes.
 Possibly, also, similar restric- tion will be imposed on the pro- gram to stimulate private spending of one billion five hundred mill lion dollars for other than dis tressed homes.
 This became known Sunday fol- lowing examination of plans of the Home Owners Loan Corporation.
The Daily Alaska empire., 1934-05-07
PROPOSAL MADE TO CONGRESS TO
 BUILD AIRFIELD WITH GARRISON
Bill Introduced in House Today-Appropriation of $15,000,0 ,0O0 Is
 Recommended

WASHINGTON, May 7.- Congressional apprOv is sought for a fifteen million dollar appropriation for the t b Ii shment, near Fair banks, Alaska, of what is to be the country's military base and airfield near the Orient.
 The plan was introduced in the House today.
 The bill calls for a squad ron of 100 planes and a gar risOn for 230 commissioned men and 2,200 enlisted men.
The Daily Alaska empire., 1934-05-07
CAPT. HINCKLEY RESIGNS COAST
 GUARD SERVICE
Division Com ander ol Northwest Asked to Be
 Placed on Retired List

SEATTLE, May 7.-Capt. H. D. Hinckley, Coast G ard Division Commander, who has been ordered transferred to the Chicago Coast Guard Station. announces he has resigned from the service. He was eligible for retirement seven years ago and has asked to be placed on the retired list.
 Capt. Hinckley said: T love this Northwest scenery too much to leave now"
 Capt. H. R. Searles succeeds Capt. Hinckley.
 Capt. Hinckley is also a member of the Washington State Game Commission.
The Daily Alaska empire., 1934-05-07
AIR M ALL FOR
 ORIENT IS TO
 60 VIA ALASKA
Service Is to Start from London-P an-American
 Line Is Interested

EDMONTON, May "A five-day air mail service from London to Japan, via Edmonton, Alaska and Russia will be feasible within the next five years, Major R. w. Hale, Postal Superintendent said here today.
 The Major said the Pan-Ameri- can Airways is interested in devel- opment of the Northern service in Alaska. It is expected that planes will pass through here for the Territory within the next three weeks on an inspection tour.
The Daily Alaska empire., 1934-05-07
Smith May Choose
 American Airplane

SYDNEY. Australia. May 7.- kingsford Smith, conqueror of the Pacific Ocean. may fly an American plane in the great international air races from England to Austral- ia next October. An anonymous ad- mirer has given him s25 600 toward the cost of competing, and in July he will leave Australia for the United States to look over the available machines. Later he will go to England. and his final choice of a plane will depend upon his estimate of speed and efficiency.
The Daily Alaska empire., 1934-05-07
II MEN FOUND
 NOT GUILTY OF
 RACKET CHARGE
New York Attorney, Uni. versity Professor Are
 Among Acquitted

CHICAGO, H., May "A jury trying seventeen men on charges of racketeering in four service trades, has returned a verdict of not guilty for all seventeen de- fendants.
 Prominent among the defendants are Attorney Aaron Sapiro, of New York, organizer for trade associa- tions, and Dr. Benjamin Squires, University of Chicago professor and Federal Labor Mediator.
The Daily Alaska empire., 1934-05-07
President BoaUs M Grief at Funeral Of Old Friend

NEW YORK, May 7.-Presi- dent Roosevelt sat almost mo- tionless lsat Saturday after noon in an old fashioned meet ing house of Presbyterians at Fifth Avenue and Fifty-fifth street as the funeral services were held for his old friend and advisor, William H. WOOdin, former Secretary of the Treas ury.
 He sat with his shoulders bowed and look of deep s0r- rev on his face through the IF minute service. After the Apes ties Creed was read, he joined in the Lords Prayer. The serv- ice was simple at the request of Mrs. WOOdin.
 The President and his party left for Washington after the services
The Daily Alaska empire., 1934-05-07
JUNE R0bLES
 MAY BE FREED
 DURING TODAY
Abducted Girl Said to Be Alive-Return to Parent
 Expected in "A Hours
CRIMINAL DEPUTY
 MAKES STATEMENT
Fears Were Expressed Vic tim Had Been Killed
 Officers Not Interfering

TUCSON, Arizona, May 7' Returning from an extend ed trip to the State of Son. ora, Mexico, Oliver w h i t e, Chief Criminal Deputy of Santa Cruz County, said June Robles, six-year-Old girl kid. naped on the afternoon of April p, is alive and may be returned to her parents with in "A hours.
 The local authorities said a man and a woman, with a child, were seen crossing the border last Saturday.
 White said: T can state that June is still alive and prob a b y will be returned within "A hours. Beyond that I have no a e m e n t to make
 For several days rumors have been circulated the little girl would never be found alive as it was believed she had been killed.
  The authorities have agreed to do nothing that might interfere with the safe return of the child. The parents declared soon after the child was abducted they would pay tEe 5000 ransom demanded.
The Daily Alaska empire., 1934-05-07
STOCKS TAKE
 ANOTHER BIG SLUMP TODAY
Losses of One to Four or More Points Occur-No
 Specific Reasons Given

NEW YORK. May 7.-Stock gave way again today under fresh sell ing and losses of one to four or more points occurred.
 Commodities rallied slightly.
 Today's close was very weak after some of the leaders came back moderately.
 The curb was also down. Bonds were mixed.
 Commission brokers are unable to assign any specific reasons for the break.
 Wheat jumped three cents a bushel.
 Silver developed strength.
 Rubber at New Tops
 Rubbers established new four year tops before profit taking.
 Corporation bonds were heavy. Government loans reached new high ground.
 During the day, many shares fell to new lows for the year.
 Brokerage firms are sending out new margin calls.
 TOday's Losers
 Losers today around two to five points included U. s. Alcohol. Un- ion Pacific, Auburn, Allied Chem ical, Bethlehem Steel, Chrysler, Hudson, National Distillers, U. s. Smelting.
 Off one point or two were the following: American Can, American Smelling, United States Steel, Case, General Motors, Montgomery-W Ward and many others.
The Daily Alaska empire., 1934-05-07
THOUSANDS co
 BACK TO JOBS

WASHINGTON, May 2. A wholesale march of thousands of workers back to jobs in auto strikes in St. Louis and Kansas City, leather workers strike in Peabody, Mass, and coal miners walkout in vanderfrift. Pa, is re- ported here today.
The Daily Alaska empire., 1934-05-07
Port Angeles Man Is
 Killed, Auto Accident

PORT ANGELES. Wash. May T. Frank Thompson. aged 59 years, County Clerk, was killed, and Hays Prichett. Deputy County Assessor, was seriously injured when their auto smashed into a tree here Sat- urday afternoon. Prichett is expect ed to live.
The Daily Alaska empire., 1934-05-07
Wine Bottle Drifts
 Over Seas to France

MEDINA, N. Yin June, 1892, Charles Brennan threw an empty champagne bottle, containing a note in mid-Atlantic while returning to this country on the Mauretania Recently he received a letter from Fred Daniau, of Bordeaux. France. who said he found the bottle at the foot of the sand dunes on Cape Ferret, near Bordeaux.