davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-26
RISE FOR PRINT
PAPER SEEN

Presaging that newsprint prices
will be higher by the beginning
Of next year, possibly sooner. A.
r. GrauStein, president of Inter.
national Paper & Power Co., pre-
siding at the annual meeting Of
shareholders in Boston, warned
that costs are rising and that no
one can say how high they
will go.
Since the first of the year the
company reduced its bank debt
by $4,000, 900. a second $1,O00.0 900
having been paid last week, al.
though not due until May IS.
The present amount of bank
debt, $12,500,000, is due August
l. 1884.
The company is now in nego.
tiation with three banks holding
the debt for an extension to May
l, 1885. It is hoped before year
is over to reduce the debt by
another $1,000,00O, Mr.. Grau.
stein stated.
Resumption of dividends, he
stated, will depend on costs, sell.
ing prices and volume. He de.
clared it would not be wise to
consider dividends, even If there
were sufficient earnings, with a
$12, 500, 900 bank debt,
The Washington times., 1934-04-26
WIRE ADVANCES
ARE ERESTORED

The 81 per ton advance in
annealed fence wire. galvanized
fence wire and BeSsemer or basic
manufacturers wire and wire nails
at Anderson, Ind, announced
April 10 and April Il and subse-
quently rescinded April 16 and
April II, has been restored, &C.
cording to schedules filed with
the American Iron and Steel In
stitute, effective May 3.
Higher base prices at Anderson
also have been filed for high car
bon basic wire, polished staples,
galvanized fence staples, galvan.
lied netting staples, barbed wire,
square mesh field fence and
poultry fence, square mesh field
fence, Pacific Coast ports and low
carbon spring wire. Pittsburgh,
also have been advanced, all ef.
fective May 3.
Other upward adjustments also
have been filed, including hot
rolled alloy bars. Canton, Ohio,
rolled or forged axleS and ingot
iron sheets at Pittsburgh, ingot
iron sheets at Gary, Ind. cold
rolled strip steel at Cleveland, un-
cropped alloy ingots at Chicago,
alloy blooms, billetS and slabs at
Massillon, Canton, and Cleveland,
Ohio, and Pittsburgh. All these
changes are effective May 3.
The Washington times., 1934-04-26
:!:s:S NJ Y. Bond Quotations ;7.:; 5:s <;

NEW YORK, April 26 O.N.S.)
The bond market was again ir'
regular through the fore part of
today'S session, with moderate
rallying tendencies in domestic
corporation loans offset by heavi.
ness in rails and United States
Governments.
Warner Picture IS and Universal
Pipe and Radiator IS moved up
for gains Of close to a point each
in the industrial classification,
while lesser advances were credited
to U. S. Rubber SIS, Studebaker IS,
and Postal Telegraph SIS.
The rail group was again irregu-
larly lower on reports that the ex-
pected compromise agreement on
the wage matter would favor the
labor unions. Fractional losses
were sustained in the Allegheny
IS Of "a, Chesapeake Corporation
SIS, Canadian Pacific debenture Is,
and Southern Pacific 41as Of 81.
United States Governments ran
into further profit-taking, with the
Treasury 3hs, Treasury 4As Of
as, Treasury 3As, and Treasury
As taking minor losses.
German issues were in supply in
the foreign group, with the Is and
the 512S off fractionally.
The Washington times., 1934-04-26
voum " T,,ph 01,4+o&S4,Ao vOumT hi. Year
Q shares

NEW YORK, April % Q.N.S0.
The curb market gave a much bet
ter account Of itself today than in
previous sessions this week, with
the list as a whole pointing gen.
orally upward, despite continued
irregularity in special instances.
Further aggressive d m and
came in for the Cities Service
group. The common, which had
not participated in the advances
recorded by the senior issues, fol-
lowing publication of the first
quarter earnings report, was taken
in unusually large volume, reach
ing 3A, for gain Of ".
A selected list of specialties were
relatively strong. Ford of Canada
B advanced 11a points to a new
peak at 311a.
Metals were erratic. Bunker
Hill Mining, a silver stock, tum-
bled 3 points to 46 in its first
sale of the week.
Utilities churned around ner.
vously. Electric Bond and Share
gained A to 1712, as against
minor losses in American Gas
and Electric. Niagara Hudson
Power and American Superpower.
National Power and Light IS
featured the bond division with
a 2.point rebound to II.
The Washington times., 1934-04-26
j. s, MACHINERY.
EXPORTS RISE

United States exports of agri-
cultural machinery in March re.
corded a value gain Of SO per
cent over shipments in March.
1888, and 16 per cent over Feb
ruary, 1884, according to the
Department of Commerce.
Total value of these exports
in March was $1.659,575, as COM
pared with $1,215,53O in March,
1888, and $1,310,708 in February,
this year.
More than half the March,
1884, exports consisted Of trac.
tors and parts and reflects a
gain in this type of equipment
Of 56 per cent over the March,
1888, exports.
The Washington times., 1934-04-26
j. s. PROBLEMS
DISCUSSED BY
GIN CHIEF

In an address on "Industry's
Problems" this afternoon Alfred
P. Sloan, jr., president Of General
Motors Corporation, at a lunch
con Of the Boston Chamber Of
Commerce, discusses some Of the
broad economic problems Of the
day and principles underlying such
things as collective bargaining,
the relationship of Government to
industry, the proposed mandatory
3O-hour week, and influence Of
code procedure on prices. He says
in part:
Workers Put First
ut seems to me that in de-
termining what we should or
what we should not do in the
future, we should be guided
primarily by the principle that
our progress is measured solely
by the American wOrker-those
who work either for wage or
salary are dependent
upon their own individual ef-
forts.
1T seems to me that we have
ample evidence that the worst
OF the troubles through which
the world has been passing are
behind uS-that better times
are assured, and that unless up-
set by some unusual circum.
stances improvement will con.
tinue.
Il have little patience with
the principle that the less we
produce the more prosperous
we become; or again, with the
widely held notion that through
mass production and the in
strumentality Of the machine,
We have reached q chronic
state OF OverprOductiOn.
mo reasonable individual can
disagree as to the desirabiIity
Of q minimum wage: of the
elimination Of child labor; of a
gradual reduction in the hours
OF labor through evOIutiOn-a
reduction on an economic basis
and cOincident with q decline
In the cost Of production.
AS our economic strength in.
creaseS, Mr.. Sloan concludes,
there should be a relaxation of
the restrictions and q curtailment
Of those things that have been
accepted, rightly or wrongly, as
the desirable and necessary in
Strumentality for industrial re-
covery; but, on the other hand,
we must not fail to appreciate the
implications Of our ever-changing
economic machinery, with its con-
increasing complications.
The Washington times., 1934-04-26
WASHER To AID.
COAL QUALITY

United Electric Coal Companies
has completed arrangements for
using a patented British coal.
washing process to cost some
where between S25O,OOO and
$500, 900, which is expected by
company engineers to raise the
B. T. U. content Of the coal from
around 900 units to as high as
400 units.
The washing process will be in.
stalled at the Du Quoin, Ill.,. mine.
and probably will take six to eight
months to complete.
At present there Is a difference
in quality between the northern
Illinois district, where United Elec.
tries properties are located, and
the southern district. the latter
having the higher quality COAL
but with improved B. T. U. con"
tent the company hopes to COM
pete quite favorably on a quality
basis with the southern area.
The Washington times., 1934-04-26
COTTON PRICES
TURN HIGHER

NEW YORK, April 26 d.N.s0.
The heavy liquidation in cotton,
so predominant in the fore part
Of the week, dwindled appreciably
today with futures gaining on a
moderate demand from profes-
Stona1 traders and domestic mills.
The recovery movement was re-
tarded by easier grain prices and
further selling in the silver fu-
lures movement, but the list dis
played firm undertone through
out the morning.
A good deal of the demand
consisted of purchases for Japan
and the Far East, arbitrage op-
erationS and some speculative
ventures on the theory that the
market after the heavy losses so
far this week should be entitled
to at least a technical upturn.
Noon quotations were up to 8
points, with July up at 11.20,
October up 7 at 11.36, December
up 8 at 11.46, and January up 8
at 1852.
The Washington times., 1934-04-26
REF EFR|GERATOR
SALES SOAR

Sales Of household electric re-
frigerators in the United States
in the first quarter this year, as
reported by the Edison Electric
Institute, set a new record for
the period with a total of 269, ,319
units.
This exceeds by 139 per cent
the total for the first quarter of
1888, the industry's peak year,
when 112,643 units were sold, and
compares with the previous first
quarter record of 170,793 in 1881.
March unit sales were ISL 1868,
compared with 82,439 in Febru-
ary, 5S,494 in March, 1898, and
the previous March record Of
94,778, in 1881.
The Washington times., 1934-04-26
Profit Is $4O6,38I
In Maytag Quarter

The Maytag Company reports
for the three months ended
March 81 net profit after all
charges and taxes Of $480,381,
compared with a net loss of
$95,165 for the corresponding
period Of 1888. Net sales for the
first quarter were $4,059, ,293, COM
pared with net sales of $755, ,287
for the first quarter of 1898. On
March 81, 1884, the company had
cash and marketable securities Of
SIS, ,589, ,599 and total current assets
of $7,602.620, as compared with
current liabilities Of $1,536,909.
The Washington times., 1934-04-26
GRAIN FUTURES
RULE EASIER

CHICAGO, April 26 G.N.s)-
Grain futures ruled easier during
the forenoon trading with uncer-
tainty over Washington develop
ments and continued liquidation
Of May contracts which become
deliverable next Tuesday restrain
ing factors.
The proposal to reduce, the
scent Federal tax on grain fu-
lures transactions to 3 cents in.
stead Of to ! cent per 500 valua'
ton attracted attention.
The forecast was for generally
fair weather.
Mill and interior elevator wheat
stocks in the United States as of
April / were 83,588,000 bushels
against 95,911.000 a year ago. ac-
cording to the Department Of
Agriculture.
At mid-session wheat was %
to 34c off, corn u to 34c down
and oats and rye 1s to Ac lower.
Estimated carlot receipts:
Wheat S. corn 6S and oats 10.
The Washington times., 1934-04-26
Basic Indexes
Rise In March

Every factor In the analysis
Of the current status of the
average American citizen, pub
lished monthly by Investors Syn
dicate, Of Minneapolis, showed
an increase for Marcl. 1884,
over the corresponding month
of 1888. The most recently
consumers study indicates that
not only is the current year
making a favorable comparison
with the previous 12-mOnth, but
the preceding month, February,
is far behind March Of this
year as well.
Wages and employment con-
tinue their upward trend, as
does retail trade, but perhaps
the most significant single item
Il the upturn in new insurance
written and the increase in
investment income.
Wages show a 74.S per cent
increase over the correspond
ing month last year and an S.6
per cent increase over last
month.
The Washington times., 1934-04-26
Rail Profits U
252 Per Cent

The first 1S roads to report
earnings for March had net
operating income of $16,134,OOO,
compared with S4,5SO,OOO in the
like 1888 period, an increase Of
1898 per cent, and, with &c..
$4,000 in the comparable 1882
month, a gain Of 6S.4 per cent.
In February these same roads
had net operating income of
$1O.S34,OOO, a gain of 1864 per
cent over the 1888 months
$4,397 900.
The Washington times., 1934-04-26
Tobacco Exports
Climb SIG, ,OOO,O 900

United States exports Of to-
bacco and tobacco products in
1893 increased over 1882 from
$7S,125, ,299 to $S9. .878,715. the De-
partment Of Commerce reported
yesterday.
Leaf tobacco ranked first in
value and totaled $82.924,211 in
1888 as compared with $65, ,901,-
572 in 1888. Cigarettes ranked
mex with an export value Of $4,-
894, ,902 as compared with $5.328,-
sac in 1882. The United King
dom was the largest buyer I
American leaf tobacco with pur'
chaseS Of 172,9O8. 8.637 pounds in
1888 as compared with 121. .901.'
600 pounds in 1882.
The Washington times., 1934-04-26
More Stock Retired
By American WOOLel

Stockholders of American
Woolen Company, Incorporated.
at their annual meeting in Spring
field. Mass, approved the cancel.
lation Of 1888 shares Of Z per
cent cumulative preferred stock
purchased in the open market at
an average cost Of $23.54 a share.
This action completes the retire
ment Of approximately 100000
shares. and reduces the amount
Of preferred stock authorized and
outstanding to 399,8i5 shares.
The Washington times., 1934-04-26

ow tha t
3 t q t e ment is
simply not true.
I waive the
q u e S t ! on
whether tn e
IN e W De al"
'(w h a t e YER it
m ay m e a NJ
would give bet
ter results than
the "Old Deal"
W ould have
given. No one
can know the
answer to that
question. But
there are many
The Washington times., 1934-04-26
NEW NEW DEAL
SUGGESTED BY
:: PROFESSOR
BY LEWIS HANEY
NPrOfessOr Of Economics,

New York University.
In interpreting the Swing to
The right" now on at Washing
ton, it will be well to remember
the ideas of the new UnderSecre.
tary Of Agriculture.
"My friends" said Prof. Tug
well in his recent address to
newspaper editors, "either it is
. New Deal or it Is the Old
nAalO
The Washington times., 1934-04-26
MKessOn e Robbins
Sales Tilt ReDOrted

McKesson & Robbins, Inc,
reports net sales of $32,S88, ,718
for the first three months Of
1884, as against $23.991,221 for
the first quarter of 1888, an in.
crease of 37.09 per cent.
Attention is called to the fact
that business was declining rap.
idly during the first quarter Of
1888.
The Washington times., 1934-04-26


other possibilities than a choice
between the two.
Instead of the New Deal, fol
example, we might try Sovietisn
or FaScism. Or instead Of the
Old Deal we might try the poll
cies Of woodrow Wilson, Of
Grover Cleveland, or Thomas
Jefferson.
Personally, I don't like either
''Deal." I don't want q gamble
Of any sort, either with Tug.
welIian regimentatiOn and the
Rooseveltian experimental ap-
prOach," or with the unre-
stricted corporate greed and
financial manipulation Of some
recent administrations.
I want neither socialism nor in
dividualism. I want neither corn
plete government control, nor uI1
regulated individual initiative.
I don't want condition Of mere
experimentation without any guild
ing principles. And I don't want
the other extreme Of no expert
ments and nothing but a blind fol
lowing Of precedent.
I want something I'm between
real reforms which would work
because they would not be revO-
lutiOnary, but grow out Of our
past experience. These would in
clude: Sound money based ON
o definite standard; economy in
government; reasonable freedom
of initiative; regulation Of mon
OpOly where monopoly is neceS-
sary and breaking it up else
where; stamping out fraud and
manipulation; breaking down
barriers to trade and encOurag.
ing international trade; estab-
fishing q business like system Of
employment insurance and
many others.
None Of these is in the New Deal
as we yet know it. Few were in the
Old Deal.
Again, Professor Tugwell says
that it is just an academic ques.
ton" whether we want recovery
or reform"
I believe that most Of us, how
ever, consider 1t a very practical
question, and a very important
one. For example, we certainly dc
not want reforms" which would
prevent recovery. In fact, they
would not really be reforms, any
more than some medicine" which
kills the patient is a cure.
It Is a grave question whether
the New Dealers are not their own
worst enemies, since the uncer
tainties, high costs, and huge debts
which they have caused, are both
hindering business recovery and
endangering such sound reforms
as they propose.
The public should therefore
note that the Brain Truster puts
his own pet reform and expert
mentS ahead of our recovery.
Space permits but one more
comment. The professor stresses
q statement that there is a dis
tinction between people" and
'thingS." What does he mean9
I think his idea is one Of the
earmarks Of the Socialist.
Socialists usually complain that
we give too much Importance to
material goods as opposed to
labor. They charge that things
are owned-are subject to private
property. Things" become "capi.
tai" and are used to exploit
''people" 0aborers), they say.
So Prof. Tugwell charges that
S.men" are made slaves Of ma
Chimes" and he says that the
New Deal will ENSURE the sub
jugatiOn Of things"
II this is not in his mind
what does he mean? He refuses
to state his principles Of under
lying theory. All he will tell Us
is: ''The two essential features
Of the ROOseveltian method are
the mOdernized democratic pro-
cesses which it fosters and the
experimental nature of its ap.
The Washington times., 1934-04-26
NEW YORK

NEW YORK. April 2s UN.s).
Butter-Firm. Salted and unsalted.
creamery, higher scoring. 24X @2G% c;
creamery. extras, 24A @26hc; creamery
firstE 2:% 02SAc.
cheeSe-Steady. State whole milk
lS@16c: Wisconsin. whole milk. fancy
Young Americans. 12& 013c.
Eggs-Barely steady. Nearby white
specials. 19Ql9hc; standards, 1sc;
mediums, 17017hc: nearby brown spe-
ciaIs, ls0 ?O&c; standards. 1SNc; mixed
specials. 1SA @19hc: standards. 17% a
1Sc: firsts. 17Ac: seconds, 1890;
mediums. 16c; Pacific Coast white.
?shc: mediums. 2Oh 021hc.
The Washington times., 1934-04-26
So DIVIDEND

Blackstone Valley Gas & Elec-
trio Co. has declared the regular
semi-annual dividend of So on the
preferred stock, payable June to
stock Of record May Is.
The Washington times., 1934-04-26
NEW YORK WOOL

NEW YORK. April 26 U.N.S.) wool,
dull, domestic fleece, unwashed, Ohio
& Penn, 27@35c: domestic pulled.
secured basis. II @9Sc: domestic Texas
clean basis, 6s@S5c; domestic territory.
clean basis. 81 q sSc.
The Washington times., 1934-04-26
A. O. SMITH PAYS

A. O.. Smith Corp. declared the
regular quarterly dividend Of $1.75
on the preferred stock. payable
May Is to stock Of record May !.
The Washington times., 1934-04-26

Ca) Optional Cb) Partly Dxtra
stock and cash tdl Extra 10 stock tS Pod IN 1873 g. Q.
Special (nD - 10 stock (w W
with warrantA (xW) without warrADtA 90 Ex@dlVidond
~ Ex.riGhtS
Dividend rate dollars parsuthssiA CSsts) EEtra
dividends published through regular dividend nSrlOG
The Washington times., 1934-04-26
BOND MARKET AVERAGES

Copyright 1894, Standard Statistics Co.
NEW YORK, April 20 N.N.S.).
The Washington times., 1934-05-28
COLORS MASSED
At CATHEDRAL

Before the Peace Cross on the
hillside below the great Washing
ton Cathedral, 10000 persons
gathered yesterday for the spec
tacular service Of massing the
colors in memory Of the heroic
dead of the nation and heard a
warning that America must main
tain her armed forces.
Flags of more than 100 patri-
otic and military societies were
massed in the professional that
opened the service, which IS held
each year on the Sunday before
Memorial Day. Bishop James E.
Freeman, a major in the chap
lains' service, presided at the
service and preached. Adm. Will
liam Standley, chief Of Naval
Operations, also spoke.
In the audience were Mrs.
Woodrow Wilson, widow Of the
war President, and Mrs. William
Howard Taft. Hundreds of rep
resentatives of the diplomatic
corps and the Army, Navy and
Marine Corps also attended the
service.
The Washington times., 1934-05-28
D. {. RACE BILL
To Be URGED
ON SENATE
BY LOUIS E. WHYTE

BY LOUIS e. WHYTE
Two major measures still await
ing action by the Senate District
Committee are expected to be
disposed Of when that group
meets this week-probably Thurs
day.
One of these bills, already
passed by the House, would legal
tze horse racing in the District.
This measure has been pending
before a subcommittee headed
by Senator Pat McCarran CD
of Nevada for some weeks, and
it was thought that it would end
in the legislative scrap pile for
this session, but during the past
few days so much sentiment has
been expressed for its passage
that the Nevadan has agreed to
recommend that the committee
report it to the Senate favorably.
Probe Favored
The other proposal is a resolu-
ton sponsored by Senator Ernest
r. Gibson (R.) Of Vermont, call
ing for an investigation into the
financing and proposed reorgani'
zation of the Mayflower Hotel.
Senator Robert r. Reynolds
Cd of North Carolina and Ham
ilton F. Kean (R0 of New Jersey
to whom the resolution was re-
ferred for study, have said that
they will report favorably on this
proposition.
Senator William H. King CD
of Utah, chairman of the Senate
District Committee, asserted that
if the Gibson resolution is re-
ported by the subcommittee it
will not be necessary to obtain
Senate approval Of it, but the in
YeStigation can proceed at once.
Change Necessary
One amendment will have to
be made in the Gibson resolution,
since, as originally introduced, it
calls for the report on the probe
to be made by May 81, and this
date will have to be extended.
Senator King said that it de-
pendS upon how soon the Senate
can dispose of the tariff" bill as
to when he can call his commit
tee together for action on these
measures, but he is hopeful that
the meeting can be held on
Thursday.
The Washington times., 1934-05-28
PLAN CENTER, PROGRAM

Mrs. A. L. Irving, secretary of
the Chevy Chase Community
Center, will direct program Of
drama, music and dance to be
held tomorrow night in the E. v.
Brown School auditorium under
the auspices Of the Community
Center Department.
The Washington times., 1934-05-28

ANOTHER full of perfect picnic days here! Start
"A the Wednesday-and start it right. Use Wonder
Bread the popular picnic Loaf for the enderes fastest sand
wches you ever made.
Sobaking brings the very best that's in the carefully
selected Wonder ingredients Sobng gives Wonder Bread
delicate elusive favor that makes every sandwich be its best
Slobang seals in the freshness tookeeps the full favor in
every slice until you eat it.
Do families did tender slices ofresh
Wonder Bread make sandwiches the spot Or
fer, make sandwiches at home
Either way depend this Wonder Bread stays fresh Itsays
tender delicious This why thousands who rStused
Wonder Bread for picnics have made the threemesaday
favore in their homes.
CHECK THE LIST ON THE RIGHT. You'll find all these
good things your grocers picnic department. You'll find
grocer have free folder of helpful picnic sugges
TONS too.
Y The MAyyA!!;5!@:.!.4.!&!.:!6s@::S!s::s,:, !!;!:.!..!! B.: :!::,:,
UncopO
The Washington times., 1934-06-16
L. E. GEORGE TO TALK

Leo E. George, president Of the
National Federation Of Post Office
Clerks will address the colored Lo.
cal 148, at Phyllis Wheatley Y. w.
c. A. tomorrow at $50 p. m. The
Washington local has over 100
members. George R. Waller is
president and j. A. Williams
chairman of the program commit
The Washington times., 1934-06-16
Montgomery Leads State
In Accredited Schools

the other two county high schools,
have the same high standing but
lack sufficient attendance to re-
ceive recognition, the County
Board of Education stated.
This ratio is borne out in the
comparison Of the number of high
schools accredited with the total
number of schools. The associa-
ton considered the States It's
high schools, accrediting II, or
approximately z per cent.
In Montgomery county, however,
five out of seven schools were &C
credited, which is approximately
II per cent, or ten times the State
record.
The other State. high schools
accredited are Allegany High
School in Cumberland, Brunswick,
CatonSville, Frederick, Hagerstown,
Pennsylvania Avenue High School
in Cumberland, and Wicomico
High School in Salisbury.
The Washington times., 1934-06-16

ANOTHER EXAMPLE of the exceptional spring and
summer activity in beautiful Westmoreand Hills Archi
tects rendering by Porter and Locke shows home
of Mr. and Mrs. George c. Weatherill under con-
struction winding street sheltered by ancient trees
Construction work in Westmoreland has set excep-
onal record actually continuing at its peak during the
severe winter of 1933-1934.