davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-08-07
BANK
PLAN STUDIED

Creation Of a central bank of
issue, which would take over func-
tions of the Federal Reserve
System and lodge control of credit
and currency directly with the
government, is said today to be
under consideration for presenta-
ton to the next Congress.
The matter probably will be
presented to President Roosevelt
upon his return to the capital.
The House Banking Committee
last session was prepared to re-
port a measure for a central
monetary authority, but the plan
was dropped after a trip to the
White House. Secretary Morgen-
thau opposed similar measures
last session, asking more time to
determine Treasury policy with
regard to a central bank.
Curtailment of the Federal Re-
serve authority long has been con-
sidered desirable by some Admin
istration elements, but it was said
presence on the calendar of other
important financial and banking
measures prevented any such
legislation being enacted last ses-
sion. Some officials and many
members of Congress take the
position now that banking and
monetary legislation already
passed has been sufficiently
"digested" for steps toward the
central bank measure.
Whether the program as finally
drawn will seek actually to abolish
the mechanism within which the
nations banking has functioned
for two decades, officials said,
may depend on developments be-
tween now and January l.
The Washington times., 1934-08-07
EXPECTED
IN MEAT USE

The average American will in.
crease his consumption of meat
this year, according to figures pre-
sented the forty.ninth annual con.
vention of the National Retail
Meat Dealers Association, meet
ing in Baltimore.
In beef, alone, the United States
per capita consumption will be
approximately "a pounds, well
above the average ration of the
famed beef eaters of England.
Pork is running a close second.
The figures were presented the
convention yesterday by William
Whitfield Woods, of Chicago,
president of the Institute Of Amer
lean Meat Packers, of Chicago,
reported an increased business for
butchers ser the country. The "a
pounds average annual consump-
ton of beef indicated by figures
for the first six months, he said,
was about 20 pounds above that
of 1898.
Pork prospects were for a con-
sumption slightly under the aver
age of IA pounds last year, he said,
but most meats were selling bet
ter. The total consumption should
be close to $50 pounds per person.
The Washington times., 1934-08-07
!UNE EXPORTS
ABOVE 1883

June exports from the United
States increased $60,784,213 over
the same month last year, accord
ing to the Commerce Department.
Further proof Of the nations
rising foreign trade was afforded
in the 1866, 1892 $50 increase in ex-
ports for the first six months of
the year over the same period in
1888.
One Of the few foreign coun-
tries which bought less from the
United States last June than in
June, 1888, was Germany, the de-
cline being almost 100000. How
ever, exports to Germany for the
first six months increased $13,-
100000 over the same period Of
the previous year.
Shipments to Soviet Russia
jumped from $2,485,714 to $7,612,-
100 for the first six months and
from $242,144 to $1,765,051 for
the month of June.
The largest increase was noted
in exports to Canada which rose
S64,000,00 for the first six months
and almost $1O,OOO,O00 in June.
The upward trend in American
exports was noted in shipments
to practically every quarter of the
globe.
The Washington times., 1934-08-07
WORK
ON PROBLEMS

NEW YORK. Aug. z G.N.SD.
A resolution recommending a close
study of relations between the Of.
flee staffs of brokerage firms and
their customers to the board of
governors of the Association of
Stock Exchange Firms was passed
yesterday at meeting of some
600 partners of such firms.
Another resolution recon-
mended the formation of a COM
mittee to study the group prob.
lens of the various groups of
partnerships which are members
of the New York Stock Exchange.
The gathering was held in the
governors room of the exchange.
The former resolution sought to
discover ways and means for the
brokers to serve their clientele
better. The furnishing of greater
knowledge of econom mics and
finance to customers men was
cited as specific example of the
sort of thing intended by the reSo-
luton.
Discussion preceding the passage
of the second resolution empha-
sized that the problems of firms
handling bonds primarily differ
radically from those which con-
duct a business composed largely
of trading in stocks and com
moditieS. Foreign business on
the other hand presents a set of
problems all it's own. Large wire
houses" also have problems pecu-
liar to themselves.
The Washington times., 1934-08-07
LOCAL AND OTHER PRODUCE MARKETS

Eggs-Market steady to firm; u to
1c higher on current receipts, and 1Ac
higher on United States Government
current receipts, 16@17c; lower grades,
IAN @15hc: fancy hennery whites, Fl q
23c; lower grades, 17@1Sc. Government
graded and dated white eggs: u. s.
extras. large, 25@2sc; L. s. extras,
mediums 26hc; U. s. standards, large,
24hc. Government graded and dated
brown eggs: U. S. extras, large, CSC;
U. s. standards, large, 22c.
Live Poultry-Market slightly weaker
Colored. 1S@14c: Leghorns, s@11c;
roosters, 7@9c. Spring chickens: Plym-
outh Rocks, over pounds, 600 &c; ;
under pounds, 17@19c; Rhode Island
Reds, 17@1Sc; colored, 14@16c; Leg
horns, 14@15c. Turkeys: Old Toms, 12c;
Cantaloupes-No carlot arrivals, 1
broken car on track. Supplies light. De-
mand light; market steady. California,
Salmon Meats, jumbos, S6s and 45s, $3.50
lima, Ridgeway Section, Salmon Meats
standards 24s and 3Os labelled and un-
labelled, 75c@$1, poorer lower. Persian
melons, California, Jumbo crates SIS and
IS, $2.75@S; standard crates, $2.25 % 2.5O ;
ponys. IS and IS, $1.75@2. Casabas,
Caiifornia' standard crates IS to Ss'
Lettuce-Three California, / New York
arrived, broken and unbroken cars on
track. Western stock: Supplies moder-
ate. Demand moderate, market steady.
California, crates Iceberg type As dozen,
$3.50. fair condition. $4@425. Eastern
Stock: Supplies moderate Demand light,
market weak. New York, eastern crates
big boston type 60@65c.
Onions-Five Massachusetts,, Wash
ington arrived; broken and un-
broken cars on track. Supplies light;
demand light; market about steady.
Massachusetts,: Fifty-pound yellows, u.
S. No. l, $1.16Q1.25. few higher.
Peaches-One North Carolina, South
broken cars on track. Supplies mod
crate; demand light; market dull. North
Carolina: Bushel baskets Elbertas U.
S. No. 1, 2-inch minimum, $1.75 a 2;
ripe, $1.25@1.50; 2A-inch minimum,
$2@2.25: 2h-inch minimum and 2%-
inch minimum. $2.?5. few higher. South
Carolina: Bushel baskets, Elbertas. u.
S. N. /. 2-inch minimum. $1.5O@1.75.
ripe $1.25.
Peas-No carlot arrivals; broken
and unbroken cars on track. Supplies
light: demand light: market dull. Cali
fornia: Bushel hampers. telephones,
Potatoes-No carlot arrivals and no
cars on track. Supplies light. Demand
moderate; market slightly stronger.
East Shore Maryland and East Shore
Virginia, Cobblers u. 8. No. 1, stave bar
rels, $1.6S OILS.
Watermelons-Truckr receipts moderate
Supplies moderate: demand moderate;
market AteadYs North Carolina boat
The Washington times., 1934-08-07
v'''s; ::.s;s:s S;;;s''' N. Y. Bond Quotations V

NEW YORK, Aug. Z dN.SJ.
Softness in U. S. Governments
and investment calibre loans, and
irregular tendencies in domestic
corporation issues were the prin-
cipal characteristics bond trading
today.
Pressure on the Federal list was
brought out by weakness in the
dollar on inflationary talk. Treas.
owners Loan IS were among the
ury IS, Liberty 31as and Home
issues to slip below previous clos.
ings.
In the high-grade division,
American Telephone IS of go de.
clined as did Atchison General As
and Union Pacific first As.
Rails were Spotty. Gains were
chalked up in the Southern Pa
cific 4l2s of 81, Wabash 4AS
and Western Pacific SIS.
German rs pushed ahead in
the foreign list.
The Washington times., 1934-08-07
NEW YORK

NEW YORK, Aug. GNS.).-But-
ter: Firm; salted and unsalted. Cream
cry, higher scoring, 26X @2SAc: cream
cry extras. 2Sh @27Xc; creamery firsts.
23@27Ac.
Cheese-Firm state; whole milk flats; ;
specials, 1s@19c; average run. 16@1Shc.
Wisconsin: Whole milk, fancy young
Americans, lax @14hC.
Eggs-Firmer; nearby white specials,
14@25c; standards. 22c; mediums, 10
@20c. Nearby brown specials 29c;
standards, 23c; mixed specials, 23Q
251ac; standards, 22@22hc; firsts, 1914 c.;
seconds, 17%c; medium, 16h @16%c.
Pacific coast: White fancy packs, 27h q
csc; standards, 25h @27c; mediums,
24@25hc.
Milk-Wholesale price is $2.2S@2.33
per 100 pounds No. fluid milk within
the 2O1 21O-mile zone.
The Washington times., 1934-08-07
MEMBER BANKS
LEND LESS

The Federal Reserve Boards
condition statement Of weekly re-
porting member banks in 81 lead
ing cities on August l shows a de-
crease for the week of $135,000 900
in loans on securities and in
creaSes of $7O,000,000 in other
loans, $35, 100000 in holdings of
United States Government securi-
ties and $64,000, 900 in holdings Of
other securities.
There were decreases of $40, o.
600 in net demand deposits, $13,'
900, 900 in time deposits and $685.
900, 900 in reserve balances with
Federal Reserve banks.
Loans on securities declined
$4,000, 900 at reporting member
banks in the New York district
and $6,00O,00O in the Atlanta
district, while "all other" loans in
creased $36, 100000 in the New
York district, $4,000, 900 in the
Chicago district, 100000 in the
Atlanta district and $6,000,000 in
the Boston district.
- Holdings of United States Gov
ernment securities increased $12,-
900, 900 in the New York district,
$11, 900, 900 in the Boston district,
$7,O00,00 in the San Francisco
district and $6,0O0,OOO in the Chi
cago district, and declined $9,000,-
600 in the st. Louis district. Hold
ingS of other securities increased
$37, 900 900 in the New York dis
trict and $4,000, 900 in the Phila-
delphia district.
The Washington times., 1934-08-07
OIL PRODUCER
ATTACKS NRA
LEGALITY

A challenge to the legality of
NRA and the Oil Administration
placed before the Supreme Court
yesterday asserted that the act
made the President "a supreme
dictator" by giving him legislative
powers.
The suit, the third to reach the
court assailing the section of the
National Industrial Recovery Act
relating to oil regulation, was filed
by the Amazon Petroleum Corpora
ton and a large number of pro-
ducers in the East Texas fields. It
seeks to prevent enforcement of
regulations issued by Secretary
Ickes under the oil code.
Attorneys said, however, that
should the highest tribunal uphold
the contention of the Amazon cor
poration it would affect only the
petroleum section of the Recovery
Act and would have no direct bear
ing on the provisions which
authorized NRA itself. .-
The company said that while
the Government claimed to be
regulating interstate commerce in
its rules affecting oil production,
in reality it was attempting to
curtail the flow of petroleum to
force prices higher.
Attacking the statute under
which Secretary Ickes is acting
as Oil Administrator by the Presi-
dents direction, the companies
said Federal agents had tres
passed on their property, threat.
ening civil action and criminal
prosecution unless they complied
with the oil regulations.
The suit filed today has been
passed upon twice by Federal
courts.
A district court in Texas en-
joined Federal officials from en-
forcing the Petroleum Code regu-
lations, but the Fifth Circuit
Court of Appeals reversed that
ruling and upheld the Recovery
Act, as it had already done in an
other pending case. The appeal
was taken from that decision.
The Washington times., 1934-08-07

Asales, Tom Watsons bulk per 100 melons
Selects. $2S.OO@S0.OO: Primes, $4,000
average. SOc each: Thurmond Grays, 80
@35-lb. average. csc each.
Mixed Vegetables-No carlot arrivals
and no cars on track.
Lima Beans-Supplies moderate; de-
mand light; market steady New Jer-
sey. bushel hampers, $3.OO@3.5O; poor
condition, $2.00@2.50.
umumbers-Supplies moderate. de-
mand light. market steady. New Jersey.
Corn-supp1ies light. demand light.
market steady. Sacks 5-dozen. Mary
land, 5O@75c;- few best. 81; North
Apples-supplies light, demand light,
market steady. Bushel baskets: Vir-
ginia, Transparents, U. S. No. l, 2 inch
inch minimum, 5O@S5c; unclsssified. 2
No. l, ~ inch minimum, $161.25: U.
$: No. l. "a inch minimum. $1.25 @1.S5;
STAIRS u: S. No. 2H inch minimum,
90c@$1; U. S. No. l, ia inch minimum,
$1.25@1.35.
Celery-one Michigan arrived, 2 un-
broken cars on track. Michigan, high
balls. 79@90c.
Carrots-One California arrived, 1
broken and / unbroken cars on track.
punched, $3.50 S.5O poorer lower. New
Jersey, punched, 25@3Oc.
Grapes-No carlot arrivals, broken
car on track. California, table Stock
lugs, Thompson seedless. $1.25@1.75.
Cabbag crates, 90c a
$1.OO.
Sweet Potatoes-One Georgia arrived
1 unbroken car on track. North Caro-
lima, bushel baskets, Puerto Ricans, 81;
fair quality, $3.50.
Avocades-Florida, boxes, $1@1.25.
Spinach-Pennsylvania bushel baskets
New Zealand type, 6O@6Oc.
Okra-12 -bushel hampers. Soc.
Oranges-I California arrived broken
and unbroken cars on track. California
boxes $3.75 5@4.5O. according to grade
and size.
Pears-1 California arrived; / broken
and l unbroken cars on track. Cali
fornia, boxes Mountain Bartletts, $50
1925.
Banana cars arrived; unbroken
cars on track.
L. C. L. EXPRESS ARRIVALS
Florida-Forty-five crates lines; 81
crates avocados; rs baskets okra.
Georgia-Thirty-six 1S-quart crates
huckleberries.
North Carolina-One hundred and
25 crates cantaloupes; As baskets
okra; 2S baskets carrots; 62 baskets
lima beans.
Tennessee-Twenty-one baskets okra.
California-Fifty-four boxes figs.
1llnois-Twelve crates mixed Vege-
tables.
Maryland-Twenty-fivs baskets lima
beans.
Pennsylvania-ons hundred and rs
baskets mushrooms.
New York City-Twenty-four crates
mixed vegetables.
New XOrk-Siztesn crates esIsrSG
The Washington times., 1934-08-07
PITTSBURGH

PITTSBURGH. Aug. Z U.N.s.).-Hogs
100. Holdovers. 800. Active 20c high
er on 17O-24O pounds nominal. Heavies,
$5@5.5O; medium. $5.55 @5.6O; light, $50
$50: light lights. $4@5; packing sows,
$4,000; pigs, $3@3.75.
Cattle-25. Nominal Quotations based
on grassers.) xSteers, COOL, 100 pounds,
good, $5@6.2S. xHeifers, 55O-S5O pounds,
good, $405. Cows, good, $3@3.5o. Bulls,
good, beef, $3.25@3.75.
Calves-75. Steady; vealers, good and
choice, $6@6.5O.
Sheep-9OO. Steady, 25s higher: lambs
good and choice. 80 pounds down, $6.25
@7.50: yearling wethers, good and choice.
$4.5O95. Aged wethers medium. good,
$2.25@ 5@3.25; ewes good and choice, $2.2S
@25O.
Knot extreme limit Of grade.
The Washington times., 1934-08-07
6. N. DECLARES
BIGGEST EXTRA
SINCE 1929

Directors of General Motors
Corporation today ordered an
extra dividend of so cents share
on the common stock.
This extra disbursement. in ad-
.dition to the regular Is cent quar-
terly dividend, is the largest
extra payment to be made by
the company since 1929.
Alfred P. Sloan, jrp president,
said:
"With respect to the extra
dividend the board had before
it several considerations, earn
ings for the first half Of the
year as already reported were
in excess of the regular dividend
for the entire year, plus the
extra now authorized. The fl
nancial position of the cOrpO-
ration continues strong, justi-
flying an extra disbursement at
this time.
~ 0A O1O \
cover $4,000, 900, the amount
Of the extra dividend, will not
only be of benefit to the stock.
holders but passing into the
channels Of active trade, will
act as q worthwhile stimulant
to business in general. That is
the thinking which prompted
the action"
Following maintenance of a So
annual rate on the present stock
from the time it was created by
a splitup in 1929, the regular
annual basis was reduced to 81
in the first quarter of 1882, and
then to a 81 annual basis in the
next quarter, and has continued
at that rate since.
An extra of Is cents, the first
fruits Of recovery for the stock
holders, was distributed in De
cember of last year.
Was Looked For
Wall Street had looked for
some extra payment, inasmuch
as earnings for the first half OF
this year amounted to $1.51 a
share, or 81 cents in excess OF
the regular dividend requirement
at the 81 basis for the entire
year.
Both the 50-cent extra and 25
cent regular will be paid Sep
tember IL to stock of record
August Is. On the 43,500,000
shares, this means a distribution
Of more than $2,00O,00O.
The quarterly dividend of $1.25
on the S per cent preferred stock
was also ordered at today's meet.
ing, payable November / to stock
Of record october 8.
The Washington times., 1934-08-07
vi7; ;sssos S:: % N. Y. Curb Quotations E I'll 1

NEW YORK, Aug. 7 ON.SJ.
The Curb ruled moderately
higher through most Of the ses-
sion today, although advances
were more or less Selective in
character. Trading was fairly
active for a time, although taper
ing off toward midday.
Mining shares were again IN
heavy demand, following rumorS
that further devaluation Of the
dollar was in early prospect.
Wright Hargreaves was aggres-
sively bought, reaching 9b for
gain of "a, with one block of
5000 shares changing hands.
NatomaS and Bunker Hill were
nominally improved.
Swift and Company was
strong feature in the speciality
group, chalking up a gain of
about a point at 18.
AlcoholS were steady, Utility
shares started off in promising
fashion but early gains we're
largely pared in subsequent deal
ings.
Atlas Corporation rose 1s to 81a
in a quiet investment trust list.
International Petroluem stood
out in the oils with an upturn
of 3s to 26b.
Curb bonds backed and filled
irregularly.
The Washington times., 1934-08-07
CHICAGO

CHICAGO, Aug. G.N.s).-Butter-
Receipts, 1887 tubs; market firm.
Old cars, IS: new, Z. Creamery extras
and standards, 26c; extra firsts, ESQ
25Ac; firsts, 23@24c; seconds, 21h q
22c; specials, 26h @27c.
Eggs-Receipts. 3,111 cases; market
firm. Old cars. II; new, 2. Current
receipts. 1871 @17hc; fresh extra firsts
less than cars 1870, cars 1sc: fresh
firsts, less than cars 1sc, cars 1shc;
dirtes and checks, 11@15c.
Cheese-Twins. Tx @12c: daisies and
longhorns, lax @12hc.
Live PouItry-Turkeys, lac: hons,
1O@12c; hens, S@13hc;. broilers, 100
19c: ROSTERS, S@ac; ducks, S@12c;
geese. 5@8c.
Potatoes-Receipts. 2s cars: on track,
14s: u. s. shipments, 2S9. Idaho Tri-
umchs $1.7O@1.S5. decaped $50; Idaho
Russets, $1.75; New Jersey Cobblers,
1.45+1.5o: Wisconsin Cobblers, 1850
LAO; Nebraska Cobblers, $1.45@1.5O;
Wisconsin Cobblers, $1.35@1.4O; Ne
braska Triumphs, PARTLY graded, $3.50;
North Dakota Triumphs, $3.50.
The Washington times., 1934-08-07
LIVESTOCK MARKETS
CHICAGO

CHICAGO. Aug. Z G.N.s.).-Hogs--
$4,000; steady. Top, S5.15; bulk, $3.50
@516; heavy, $4.75@5.15; medium, $4.75
@5.15: light. $4.65@5.1O; light lights.
$4@4.60; packing sows $3.50 @ 4.S6; /;
pigs, $2.5O@4. Holdovers, 1000.
Cattle-12, 900; steady. Calves, 5000;
steady. Beef steers, good and choice,
$S@9.50: common and medium, $5@S;
yearlings, $6@S.50. Butcher cattle:
Heifers, $3.5O@7; cows, 2.95@4.75; +;
bulls, $2.75@4; calves, $3.6O@6.SO; feed
er steers, $4@5.5O; socker steers, $3.50
@4.5Oh stocker cows and heifers. $3.50
@4.5O.
Sheep, 900: steady. Lambs, $3.50
@7.25; common, $4.50@5.5O; .yearlings,
$5@6; feeders, $5@6; ewes, $1@2.7S.
The Washington times., 1934-08-07
CLOTH TRADE DULL

NEW YORK, Aug. Z S).-Trad-
ing in the coarse yarn cloths market
continued unimpressive today although
prices for leading constructions showed
strengthening tendencies. Several buy
ers have started to pick up moder-
ate needs Gin anticipation of a general
rise in values following publication of
the Governments cotton crop report
tomorrow. They feel there is virtually
no probability of any price recessions
up to the time of the report. and
see good possibilities of a general
advance following.
The Washington times., 1934-08-07
Hog Market Holds
Steady to Strong

CHICAGO, Aug. Z G.N.SO.-The
hog market was steady to strong
today with top at $50. Most
good hogs, including lightweights,
went at $4.85 to $50. Receipts
were $4,000.
The supply of cattle was $4,000
including 5000 for the Govern
ment. The market was slow and
steady for the best with bids
weaker on the plain and medium
quality steers. Cows and heifers
were reported steady.
Statesmen were asking Csc more
for good lambs.
The Washington times., 1934-08-07
AtchisOn Freight
LOadings Improve

Revenue cars handled by Atchi-
son, Topeka and Sante Fe Rail
way system during the past week
continued to show a substantial
increase over 1888.
For the six days of the week
loadings and receipts from con-
nections were about 21,500 as
against $4,000 in like period a
year ago.
The Washington times., 1934-08-07
CLEVELAND

CLEVELAND, Ohio, Aug. Z Q.N.s).
Hogs-Receipts 500: market active ;
Is cents higher: top and bulk, $3.50.
Cattle-Receipts. 300; market steady,
action fair. Some of the cheaper cat
tie appearing weaker.
Calves-Receipts, 400: action fair;
mostly steady; quality poor.
Sheep-Receipts, 500: market slow on
account of poor quality; practical top
on good spring lambs, $500.
The Washington times., 1934-08-07
Loan Concerns
To Aduertise

A total Of 1O,997 building
and loan associations through
out the United States will be
effected by a nationwide CO.
operative advertising plan to be
launched within 80 days.
The campaign is designed to
support the Administrations
housing program by developing
the facilities of building and
loan associations for serving
those interested in building,
remOdeIing or repairing houses.
The Washington times., 1934-08-07
BUFFALO

EAST BUFFALO. N. Y, Aug. Z G.N.
S.).-Hoggs-4O0; holdovers, none; strong
to 1Oc higher, plain quality considered ;
better lots, 16O-24O pounds. with end of
medium quality $5.35 to mostly $5.45;
good 1SO-1S0 pounds, $4.25@4.5O.
Cattle-50. No governments. All classes
and grades quoted unchanged.
Calves-25. No governments. Vealers
strong; good to choice $3.50; common
and medium, $4.60@6.
Sheep-1OO. Lambs firm; good to
near choice, $3.50; mixed lots, $7.25;
common and medium, $5.50@6.75; in
ferior throwouts, IS and below.
The Washington times., 1934-08-07
Mutual Life Firm
Restores Wage Cut

Northwestern Mutual Life In
Company has restored the
10 per cent wage cut placed into
effect in May, 1888, on salaries
above $1,000 a year.
The restoration affects 800 en-
plOyeS.
The Washington times., 1934-08-07
Remington, Smith
Plants Are Active

Both the Remington typewriter
factory of Remington Rand, Inc,
in Syracuse, and the Syracuse
plant of L. C. Smith & Corona
Typewriters, Inc, continue to
maintain operations at high levels.
There will be no vacation shut
down at either plant this summer,
according to present indications.
The Washington times., 1934-08-07
PAYS ON COMMON

Keystone Steel and Wire Com
pany has declared a dividend Of
so cents on the common stock,
payable August Is to stock Of
record August 16. Similar pay
ments we're made on July "a and
June IS, last.
The Washington times., 1934-08-07
PAYS SEMI-ANNUAL

New Bradford Oil Company
has declared a semi-annual divi-
dend of 10 cents, payable Sep
tember Is to stock of record Au-
gust IS. Similar dividend was
paid six months ago.
The Washington times., 1934-08-07
NEW YORK WOOL

NEW YORK. Aug. U.N.S.) Wool
auiet; domestic fleece, unwashed, Ohio
and Pennsylvania. 26@SSc; domestic
pulled, secured basis, 65@95c; domestic
Texas, clean basis 6S@S5c; domestic
territory, clean basis, 57@S3c.
The Washington times., 1934-08-07
Spiegel May Stern
July Sales Double
Rx International Nawa Servics

BY International News Service
Spiegel May Stern Co. July
sales totaled $1.111,870, compared
with $545,145 in July, 1888, an in
crease of 1899 per cent. June
sales were 83.5 per cent above the
like 1888 month.
Seven months sales amounted
to $12,146,363, against $5,023, ,765
in the same period last year, a
gain Of 141.7 per cent.
The Washington times., 1934-08-07
NAVAL STORES

NEW YORK, Aug. GN.s.).-Petro-
leum easy. Crude Pennsylvania, $2.17@
e.5S. Linseed oil. per pound, 9.599.7C;
carIots Turpentine easy. 4Sh q 46c
Rosin easy: common; S5.2S.