davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-09-06
ECONOMY RULES
AT AUTO PLANTS
Less Costly Methods Sought
in Effort to Keep
Prices Down.
BY the Associated Press.

oJ tlC AooOSAabCd 1900
DETROIT, September 6.-The auto
motive industry Is seeking sources Of
further production economy but the
search seemingly is one Of the most
difficult in its history.
AS a matter of fact, there has
been no period in the industry's ex-
istence when it was not searching
for less costly methods of fabricating
parts and assembling them into a
finished automobile. At the moment,
however, the industry's production
chiefs are seeking more earnestly than
for some time to determine whether
operations cannot be made more profit
able, prices kept at current levels
and wider distribution encouraged by
the fact consumer costs are not to
be increased-for the immediate fu-
ture at least.
The industry had one unpleasant
experience with price increases last
Spring and the buyer reaction, a
rapid withdrawal of purchases, con-
vinced the manufacturers the public
still controlled the fate of the motor
car manufacturing industry. Out of
this experience comes the general i'm
preston that price increases are the
last thing the industry wants to under
take at present.
While virtually every company now
Evening star., 1934-09-06
TREASURY FINANCE
ACTION IS AWAITED
Wall Street Expects Only
Short Dated Issues
Will Be Marketed.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, September 6.-The
passing of Labor day has not served
to clarity either the immediate or the
long term financial outlook, but it is
gradually becoming evident that the
first question to be answered relates
to the terms on which the Govern
nent will be able to finance itself.
Next Monday the Treasury Depart
ment will announce its decision on the
handling of the September Is matur-
ity and the. offer to be made TO hold
ers of the called fourth 4A Libertys
month later. What that decision
will be can only be conjectured. Pos
sibly the Secretary himself has not
fully made up his mind.
Market Trend Cited.
Wall Street, however, is inclined to
believe that only short-dated obliga-
tions will be marketed and the foun-
dation for that belief lies IN the action
of the Government bond market.
Treasury bonds were soft Tuesday and
weak Wednesday, with number OF
new lows. The selling could not be
traced, but seemed to come from vari-
Gus sources, while the buying was
said to be for account of the Federal
Reserve.
Specialists in Government bonds say
that two or three year note could be
sold to take care of the $525, 900, 900 in
1h per cent certificates, due Septem-
ber Is, at rate of, say, 1A per cent
for the shorter maturity and 2 per
cent for the longer.
Whether anything will be done
about the called Libertys is a ques-
ton. That could be postponed, for
those bonds do not have to be paid
of until a month later, although,
until very lately, it has been assumed
that the two operations would be COM
bined into one. The desirable thing
to do would be to float long-term
bond covering both, but that does
not look feasible now.
Many Obstacles Seen.
1t is not a good. thing that the
Government should have so large
proportion Of its indebtedness in the
shape of short-term obligations.
On the other hand. the obstacles
to long-term financing are many and
formidable-as, for instance. the
prospect of greatly increased expendi-
lures during the coming Winter, the
uncertainty as to when a beginning
can be made on cutting down the
deficit and bringing the budget into
balance, and, most important of all,
the fear that, once this financing is
out of the way, some new inflationary
proposal will appear.
On the other side. they expect addi-
tional devaluation of the dollar. With
that background it is easy to under
stand the reluctance of financial in
stitutions to commit themselves, ex-
cept for short periods.
(Copyright 1884 by the North American
Newspaper Alliance. IncJ
Evening star., 1934-09-06
Electric Power
Output Declines
Further in Week
BY the Associated Press.

BY the Associated Press.
NEW YORK, September 6-Electric
power output last week totaled 1926
S81 900 kilowatt hours, compared with
l ,648, lot 900 the previous week.
The decrease from year ago was
0.6 per cent.
Regional gains over 1888 for last
week we're: West Central States, SO
per cent. compared with los per cent
the previous week; Southern States,
38, compared with 40; Pacific Coast,
~, compared with SO.
Regional losses compared with 1888
for the week were: New England, 81
per cent. compared with 4.8 the pre-
vious week; Middle Atlantic, 0.2, COM
pared with gain of OF; Central in
dustrial, Al, compared with 0.6; Rocky
Mountain, "a, compared with 7.6.
Evening star., 1934-09-06
CLEAR|NGS SHOW
IMPROVED TREND
Short Weeks Total Is Only
a. Per Cent Below
Level Year Ago.
BY the Associated Press.

by tlc hoSOCIdbCu ASoos
NEW YORK, September 6.-In
spite of the short week and the in
terruption of business by the holi-
days at the opening of the month,
bank clearings showed some improve
ment over the returns of the periods
Immediately preceding. The total this
week for all leading cities in the
United States, as reported by Dun &
Bradstreet, Inc, was $3,515 ,269, 900,
against $3,677, ,222 900 for the same
week Of last year, loss of "A per
cent. This contrasts with a decline
of IA per cent in the previous week.
At New York City clearings were
$2,217,133,000, a reduction of 125
per cent, while the aggregate for CEN
ters outside of New York of $685.
10000 was 1874 per cent higher.
At some of the larger cities, eSpe-
cially those in the East and West,
the week, both this year and last,
covers only five business days. Fur
thermore, the heavier settlements in
cident to the opening of the new
month also appear. The total this
week, however, was less than that
for the preceding week by $1O6, 169, 900,
whereas a year ago for the same
two weeks there was decline of
$235, ,081 900. The fact that there
was any reduction was due to the
short week. Relatively, this weeks
showing was better than that of a
year ago.
Boston again was the only city
outside of New York reporting a loss.
At most of the other points substan-
tial gains appeared, among these
being Philadelphia, Buffalo, Chicago
Detroit, Cleveland, Cincinnati. ST.
Louis, Kansas City, Minneapolis,
Omaha, Baltimore, Atlanta, Rich
mond, New Orleans, Louisville, Dallas.
San Francisco, Portland and Seattle.
Figures at leading centers showing
increases and decreases as compared
with those of last year, are printed
herewith; also, daily bank clearings
each month for the year to date:
Evening star., 1934-09-06
STOCK CHANGES VOTED
FOR REYNOLDS SPRING

BY the Associated Press.
NEW YORK, September 6.-Stock-
holders of the Reynolds Spring Co.
have voted to increase authorized
common stock to 100000 shares from
zoo. 1000 shares and to change the par
value from no par to a stated par
value of 81 a share. They also ap-
proved a plan to charge a deficit Of
S268, 1903 shown In the balance sheet
against paid in surplus amounting to
$613,026.
Evening star., 1934-09-06
SHARP UPTURN SEEN
IN RESERVE BALANCES
v the Associated Press

BY the Associated Press.
Reserve balances of weekly reporting
member banks in leading cities showed
a sharp upturn during the week ended
August 20, as the change was meas
ured by the Federal Reserve Board.
In the table that follows the total of
such balances is given for comparable
periods, as announced by the board:
Week ended August 90. .S3.132. .000.0 900
Previous week 3,064, ,0OO, 900
Same week last year. ..... LISA, 100000
Evening star., 1934-09-06
LONDON BANK REPORT.

statement OF the Bank of England shows
the following changes in pounds: Total
reserve decresed 2,007, 900; circuia- :
tion increased 1000. 900; bullion decreased
public deposits decreased 1856. 900: other
deposits increased 6.915,000; notes reserve
decreased 2.Q00.000; government securj-
ties increased l $4,000
The rroportion of the banks reserve to
liability is 1857 per cent, compared with
47.T5 last week.
Rate OF discount, per cent.
Evening star., 1934-09-06
BALTIMORE STOCKS
Special Dispatch to The Star.
U. S. TREASURY POSITION.
by the Associated Press

The position of the Treasury September
was: Receipts. S39. .S31 .4l2.5 so; expendi-
lures, S26,7ll ,032.6l; balance. S2.l51.-
4oo.076.3 80; customs receipts for the
month. S2.26s575.50
Receipts for the fiscal year (since July
u. 500. $50. 1900; expenditures ST.
012,972 ,4SS.29 (including $685. S69, 296 30
OF emergency expenditures); excess of ex-
penditures S459,422 1863. 20; gold assets.
81 .964 744. .52I AZ
Receipts for. September 2. 1898 (com-
parable date last year,. S12,042 3S9.l2;
expenditures. S6,443. 5s4.11; net balance.
Sl.2O7 .4O3. .966. 80; customs receipts for
the month S2,463 1874 9S
Receipts for the fiscal year. $3.50 409,-
64S; 03: expenditures. S592. 76S. .563 AZ. in
Guiding S216.S25,646 10 of emergency ex-
penditures. Excess of expenditures S222.-
35S. 915 80. Gold assets, So. 1914 ,270. 740 95.
Evening star., 1934-09-06
MCCARTHY QUITS BOARD
OF PURITY BAKERIES
By the Associated Press

BY the AsSociated Press.
CHICAGO, September 6.-Resigna-
ton of J. T. Mccarthy as vice presi-
dent and director of Purity Bakeries
Corp. and as president and director
of Cushman's Sons, Inc, was an
nounced by M. L. Nolan, president Of
Purity.
He announced the election of Lewis
Arthur Cushman as chairman of
Cushman's Sons, Inc, and Lewis
Arthur Cushman, jr., as president,
while John E. Cushman was elected
vice president and general manager.
Evening star., 1934-09-06
Woodwork Sales
In August Reach
S2O,794,945 Mark
BY the Associated Press.

BY the Associated Press.
NEW YORK, September 6.-August
sales of the F. w. Woolworth Co.
amounted to 2o,7s4,s45, against s2o,-
357.s77 in August, 1888, an increase
of 81 per cent. In July the COM
pany's sales we're 0.3 of l per cent be-
low the same month last year.
Evening star., 1934-09-06
LOWER NET REPORTED
BY w. T. GRANT & co,
BY the Associated. Press.

BY the ASSoclated, Press.
NEW YORK, September 6.-W. T.
Grant & Co. reports net earnings in
the first six months totaled $658,880,
equal to SIS cents share on the cap
ital stock. compared with $780, ,695, or
81 cents share in the first half of
1888. Sales for the first eight months
ending August 81 totaled $48, ,666, ,297,
an increase of 8.74 per cent over the
$44,752.188 reported in the first eighr
months last year. There were 458
stores in operation on July 81, an in
crease of one during the year.
Evening star., 1934-09-06
COTTON EXPORTS LAG
FAR BEHIND YEAR AGO

BY the Associated Press.
NEW ORLEANS. September g.
Secretary Emeritus H. @. Hester of
the New Orleans Cotton Exchange
said yesterday the United States
cotton exports to foreign countries.
exclusive of Canada. totaled 263,597
bales during August, against 540,0ll
In 1888.
Great Britain received 81, ITO, against
1o4,l67; France, 1924, against 59,-
1888; Germanay, 5l,682, against l0l,-
131, and the rest of Europe, 58,l6l,
against 123.926; the Orient, $1,000,
against Isl, ,004.
Evening star., 1934-09-06
HOLDERS RATIFY PLAN
OF UNITED AIRCRAFT
Ry the Associated Press

By the Associated Press.
NEW YORK, September 6.-At an
adjourned stockholders meeting Of
United Aircraft & Transport Corp,
the action of the Directors and Re-
organization Committee pursuant to
the plan for dividing the company
into three new companies was rati-
fed. Dissolution of the original COM
pany was thereby made complete.
Evening star., 1934-09-06
PARIS BANK CHANGES.

PARIS. September 0P.-The weekly
statement of the Bank of France shows
the following changes in francs: Gold in
creased 277. .Q0U. 900; sight balances abroad
unchanged; bills discounted at home de-
decreased $4,000. 900: advances increased
81 600 900: circulation increased 1,761.-
900 600; current accounts decreased
Rate Of discount. ~ per cent.
Evening star., 1934-09-06
ALASKA JUNEAU NETS
LESS THAN LAST YEAR

BY the ASSoclated Press.
SAN FRANCISCO, September g.
The Alaska Juneau Gold Mining Co.
today reported a net profit of $157.0o0
in August, as compared with $216,500
in the same month of last year. In
creased operation costs and lower
ore values accounted for the decrease,
the report by P. r. Bradley, president
cIf the company. said.
Evening star., 1934-09-06
EQUITY CORP. OFFERS
EXCHANGE OF SHARES
BY the Associated Press,

BY the ASSOClaLeu PfeSS.
NEW YORK, September 6.-The
Equity Corp. has extended an invita-
tion to $4,000 holders of American
Founders Corp. common stock to ex-
change their shares for Equity COM
mon stock in the ratio of share of
Equity for 21a shares of American
Founders. The invitation expires Oc-
tober 81.
Evening star., 1934-09-06
LEAD STOCKS LOWER,

NEW YORK, September [P).-
Stocks of lead in the United States
on August totaled 310,164 short
tons. against 311,039 on July and
262 1898 on August l, 1888, according
to the American Bureau of Metal
StatiSticS.
Evening star., 1934-09-06
SEAB0ARD OFFICIAL
GIVEN PROMOTION
II. A. Benton of Savannah Named
Assistant General Manager
Of Railway System.
BY the Associated Press.

BY The Associated Press.
NORFOLK, Va, September 6.-The
appointment of H. A. Benton OF
Savannah, Ca, as assistant general
manager Of the Seaboard Airline Rail-
way System, with headquarters at
Norfolk, was announced here by E
G. Bagwell, general manager.
Mr.. Benton has for the past nine
years been superintendent for the
Seaboard successfully at Atlanta
Tampa and Savannah.
His promotion will cause several
other changes in the Seaboard organ
iZation. ..,,,.
The Waterbury Democrat., 1934-06-05
MARINES COMBAT
 MEAN SITUATION
Corps Start Accepting E.. $50 Youths to Fight Unemployment

The Marines are delivering body punches to the unemployment elt- uation these days. After q long period, when but few applicants
 were enlisted, the famous Corps has started to accept s,SB0 youths.
 The provisions of q recent act of Congress increased tho strength of the Corps from i6,000 to t6,000. This will leave it still 1,5O0 below the strength of three years ago. The remainder will be required to i'll the places left vacant by dis- chafg6s and other causes.
 With c view to obtaining the best men, orders from headquart- CTS in Washington direct that on. ly those who have attended hlgn school, or have an equivalent edu. cation, are to he enlisted. While it is desired to secure appllcants at least es inches in height, recruiting officers are permitted to accept 90 per cent of their quotas between SC and ss inches. The minimum age ig 1e years, but . few boys to learn the drum and trumpet are being accepted between I and is years. Parents' consent for those who have not reached their ma: jorlty and character references arc required. Eniistments are for four yeas.
 Recruits are immediately sent to the Marine Barracks, Paris 1s' land, S. C., upon enlistment for training, after which they ere transfefred to posts whore needed. Steady employment, travel, adven' ture, sports, free education, uni- forms, and medical attention, conl- priso some of the features offered.
 The nearest recruiting station is located at s4i Washington street, New York, N. Y.
The Waterbury Democrat., 1934-06-05
JEWELRY WORKERS TO DISCUSS JOBS
Meeting Friday May See Proposal of Maximum
 Week of 35 Hours

A proposal Of q maximum work week of 90 hours in tho clock and watch industry will Do discussed at q meeting Of the local of tho international Jewelry W0rkers' union Friday night. The speaker at tho session will be Samuel Bonrdsley, secretary.treasurer of the international union.
 The discussion will be hold at tho request of Mir Beardsley. who stated Co local union oiiiccrs In z letter that tho labor advisory board at Washington wishes to find the number of those who might gain enployment if tho work weok :. wore limited to 3b hours. The field is limited to those who were for. meriy employed In the watch and clock industry.
 rho final draft of tho industry code, according to MT Boardbley, provides no wage differential and stipuiates a minimum hourly wago of 70 cents.
The Waterbury Democrat., 1934-06-05
City's Teacher Pupils Ratio Second Lowest
Superintendent Condon's Report Reveals Startling
 Decrease in Registrations --Deiends Salaries

Waterburys number of pupils, nAe teacher, 10 the second lowest ln the state, co far as elementary schooie are concerned and the third lowest in the high school field. rhst information was disclosed yes. sotday afternoon at the meeting of the board of education by Superin. tendent of schools Thomas J. Con. don. The ratio in Greenwich la elementary schools is 26.4 while WhterhVry's 10 so. The average for 35 cities and towns in Connocti. cut is Sa. WAterbury's ratio In the high schools is zS.4 while that Of Greenwich and Windsor iB slightly lower. The average of Sb cities and towns In the staet Is s0.1.
 Pupiia. Salaries, Decrease
 Superintendent Condon disclosed these figures in ( discussion con. eephing the decrease In the nun. Der Of pupils and the closing up of rooms, thcreby forcing, under the rules, q decrease in the sal. aries of several principals. Be. tween April, 1888, and April, 1884, there was a decrease of 2bs pupils in the high schools and 7s2 chll- drtn in the elementary schools. Sunt Condon stated that 1t was not fair to rsduee the salaries of the principals when 1t was no fault of theirs that rooms were closed and classes in many instances com- biped. He urged ( change in tho rules 50 as to protect the princi. pals on their pay, pointing out that the amount Involved is slight and A. a Al Gal tsA A( lea ayn nl ous vacancies that have occurred i not bsen iilled. The matter was referred to thS committee on rules.
 Four iseslgnatlOns
 At the meeting four more teach- CTS rasiynations were accepted. Tho: were: Eva Menotti, Italian, Crosby high school; Daisy Zug, art, Leavenworth high school; Margaret Cfenen, Mary Abbott grammar Anhooi. and Margaret Dadson, Bunker Hill grammar school. It was voted not to fill their places as O. further economy step. The board also adopted several trans- fsrs recommended by superlnten. dent Condon. They wcro as fol.
 Josephine Menottl, Italian and l,rkliGh, LeavAnwurth high school, te Italian, Crosby high school.
 Lillian Manganaro, arithmetic, Wilby high Aehool, Co Italian and INGiish, Leavanworth high school.
 Agnes dommill, art, elomontgry schools, to art, Loayenworth high school.
 Ronalind stoddard, sloeum, Grade 5. to assistant supervisor, art, elementary schools.
 Eleanor Dodd, Ghnae, Grade 6, to Sloeum, Grade 8.
 Margaret V. Riley, Chnso, Grades 1 and 2, to Grades and 8.
 Mario !. Kunkcl, Bunker Hlll, Grade 6, Departmental, to Grade c, dopnrtmental
 Marie c. Donahuo, Bunker Hlll, Grade 2, to 0rude b, arithmetic.
 Helen Weinberg. Tinker, drndo b. to Abbott, Grade [, arithmetic.
 TcxtlWOk Item
 Ths resignatlons and transfers of hiKh school teachers made it DOS. slbia to close one place in Wilby while Miss Zug's resignation and tho transfer of Miss Stoddnrd from tho grades to tho resultant opening
The Waterbury Democrat., 1934-06-05

"Torch of Knowledge" pins for i00 per cent banking for the year have been awarded Co the follow. ing children of the Bunker Hill school:
 Grade sW-Burton Beeman, 10. sephine cocchiola, Lillian Downes, Dorothy Lewis. Walter Miller, Jo. sejhlne Pesc!, Concetta Rinaidi.
 Grade sg--RuAseil Bartlett, Bet. ty Bloom, Evelyn Clement, Law. renee Cole, Marion Hermans, Don. aId Kerr, Ruth Rlngenberg. Pa. trlcla Sage, Betty Shattuck, Carol Williams, Barbara Welton.
 Grade 7T--fIelen Austin.
 Grade 7B--H;verett Becman, Dor. pthy Cnnheld, James Carroll, Dor. Othy Hess, Helen PrItchard.
 Grade eD-- -Haze!ruth Burner Lillian ROteila, Margaret Sheehy Bertha Webb. George Garfield John Dixon, Frnnklyn FInnan Rob. apt. Lowell, Donald Robbins.
 Grade 6P-Donald Hickey, Ger. aidIne Jones, Thora Miller.
 Grade bk--Carl Coechiola, Mary Hedler, Lois Cook.
 Grade bF--f,ve!yn Blake. Russell Curtis, Mary B'arnhAm. Marjorie Hermans. John Lewis, Walter Low ell. Lillian Pritchard, Eleanor Ira vlsano.
The Waterbury Democrat., 1934-06-05

i permit the closing of double ses. sion room in the Chase school, Due to tho resignation of Misses Cronen and Dadson, two grade rooms, ono in the Bunker Hill school and one in the B. W. Tin. ker school have been closed.
 Superintendent Condon informed the board that he had successfully negotiated with Controller Daniel J. Leary. for permission to exceed budget by el0,OOO. The books opening of the fall session. The has long been discussed. Superin. sion to arrange for the purchasey.
 scovlll Cpmpany's Offer
 The board accepted with much pleasure the report from suporln. tendent Condon to the effect that former School ommissioner John If, Goss, acting for the scovill Manufacturing company, has made q loan of five latheB and one drill pross to the Leavenworth high school at the nominal annual rental of Sl. Ho is also selling the school department 264 feet of beltinR necessary for the machines at cost price, 467.22. Mir 0oss has also agreed to furnish millwrlght labor Incident to setting up the machines. Last year the scovlll company lent the high school i2 machines at the same annual rental.
 A ecommendatoln from the committee on school activities was adopted, giving tho Waiting Nurses association authority to appoint q teacher in each ono of the public schools to solicit their colleagues for one dollar memberships.
 Tho board adopted c long list of English textbooks, supplementary books and workbooks for use In the elementary schools. Among them are two bOKs by Principal John q. 0ilmartin, one entitled Word Study" and the other "Vo. cubulnry and Pronunciatlon".
 Mrs Webster "slde- Tracked"
 Aside from q short controversy on parliamentary law. caused when missloner Florence D. Webster sought to discuss changes she proposes In the present seven. porlod program in the high chools, the meeting was a quiet one. Chairman John Walsh ruiod that Mrs Webster could not discuss tho matter unless she made H mo. ton of some sort'nnd thus brought tho matter before tho board. Mrs Wobstor refused to mako c motion. Commissioner Vincent Miller sug. geBted that tho mntotr be placed in tho hands Of tho committee in rules for investiRationA A motion to adjourn when Mrs Wobstor con- tinued to fall to mako motion was interrupted by Commissioner Mar. tin Seuliy who said that tho board should give Mrs Wobstor the court- osy of being hoard, even in tho ab. senoe of motion t0 suspend tho rules. Commissioner Miller noxt proved that tho matter be reforred to the committed on rules and that Mrs Webster be invited Co appear before tho group and explain her idoa. The motion was passed and tho bonrd adjourned.
 Gunthor Mathea, local photos sraphrr, was given permission to take bieturess of classes In the various schools.
The Waterbury Democrat., 1934-06-05
VIRGINIA STUDENT
 SUCCEEDSMR COTTER

Payton Williams who will no graduated this month from the Virginia Theological Seminary in Alexandria, Va, will come to Wa tarbury to all the place of Rev Francis !. M. Cotter who leaves in two weeks from tho staf of st Johns church to take up special work thls summer. Mir Williams. graduate of the University of Virginia, comes from family of southern churchmen, many mem. bers of whom have been prominent in the Episcopal church in the south. He will be ordained . dea- con thIs month.
 Roy MT Cotter has been attached Co st Johns hurch for tho past slx months. Ho has an appointment from Tt Rev Thomas Y. Davies, bishop Of the diocese of western Massao ohusetts to have charge of q church near Lennox and will serve as q chaplain for camp of the dirls Friendly society.