davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-10-02
STI-RTEYANr CHARIESIxnN

day; September 30. 1894. at the Cosmos
Club. CHARLES LYON STURTTVANT,
IN the 6Sth year OF his life. beloved hus
banc Of Grace Brereton Sturtevant
Services AT his late residence 311O Le-
ROY place Nv. Wednesday October q
at ! am. Interment Rock Greek Gem
Evening star., 1934-10-02
The Sun and Moon,
Precipitation.

Monthly precipitation in inches in
the Capital (current month to datel
Evening star., 1934-10-02

October ,, 1854, az her residence. 1898
Eyarts St ne. FLORENCE s. wife of
William E. Robertson. mother OF Dorothy
r. Matthews. daughter OF Saran L. Bits
coe ana sister of Anna Livingston May
Bennett anc Vivian Russell OF Richmond
Cant. and MI. C E. BrlScoe of Jackson
vile. Fla Funeral services at above
residence Thursday. October 4. Notice
OF time later
The Washington times., 1934-10-04
Sec'y Hull Preparing Answer
To Chinese Silver Notes

Secretary of State Hull revealed
last night that he was preparing
an answer to the notes from the
Chinese government concerning
the silver policy of this country.
The State Department has re-
ceived three communications from
the Chinese Minister. All con-
cerned silver policies of the Gov
eminent and its methods of pur-
chasing the metal, which China
contends is endangering the sta
bility Of its currency.
Secretary Hull has declined to
make public any of the notes and
it was not known if the third COM
munication was protest or
whether it merely asked more in
formation. He said the note was
in Chinese and translation had
just been completed.
Study of the communication
may require several days before
the formal reply can be drafted.
At the same time H. H. Kung,
finance minister of the Chinese
national government, says from
Shanghai that reports that China
is considering an immediate and
The Washington times., 1934-10-04
COTTON BETTER
AFTER FALLING

NEW YORK, Oct. 4 (I.N.SO.-
After slipping to new lows for
the season at the opening, cot
ton futures Steadied today as
speculative sentiment was bouyed
by the early rally in wheat, the
first display of strength shown
in that market this week.
Trading, however, continued
light on the upside and futures
were becalmed at levels approx
mating the previous close. Wall
Street houses were in the ring
for occasional lots of cotton,
while domestic trade interests
maintained a routine buying pace.
Early selling from spot firms and
the South abated as the session
approached the noon hour.
Aiding the better tone today
was the announcement by Oscar
Johnston, manager of the Gov
eminent cotton pool, that pool
cotton is definitely off the market
until such time as by reason of
higher prices. certificate holders
conclude to liquidate their hold
ings by selling their certificates
to the pool"
Around the noon hour futures
unchanged to 2 points higher,
with December up l at 1921,
January up at 1925, and March
unchanged at 1898.
The Washington times., 1934-10-04

drastic increase in the duty i'm
posed on silver exports are ground.
less. He added
"Such action would affect not
only China but the entire world.
consequently, while China
may be compelled eventually to
take steps to protect herself
from deflatiOn of her currency,
her government will give serious
consideration to all the potential
ties of any step, recognizing that
the rights and interests of other
nations involved in our decision
are entitled to consideration"
The American Silver-buying pro.
gram, about which Premier Kung
has protested, is reducing prices
here by making the Chinese dollar
dearer.
Premier Kung said that his po-
Sition has not changed since an
earlier statement in which he
said China was giving considera-
ton to measures to protect it's
currency but had not decided on
any definite action. At that time
he denied an embargo on exports
was contemplated.
The Washington times., 1934-10-04
Fruit Co.
Net Up Slightly

BOSTON, Oct. 4 QN.SJ.-United
Fruit Company today reported a
slight increase in earnings for the
nine months ended September 90,
showing a profit of approximately
$1O,62l. 900 before Federal taxes
against $9,O87, 900 in the CORE
spending period last year.
Profit before Federal taxes in
the September quarter was ap-
proximately $4,000, 900, compared
with $4,713,OOO in the preceding
period and $4,014,000 in the third
quarter of 1888.
Cash and Government securities
as of September 20 totaled around
$42 ,300,O0 against $4,000, 900 a
year earlier. These figures are ex-
elusive of the company's insurance
fund.
The Washington times., 1934-10-04
CHICAGO GRAINS
STAGE RALLY

CHICAGO, Oct. 4 GN.SO.-Re-
assuring advices from Canada and
firmer tone in foreign markets
brought the first rally in nearly
a week on the Board of Trade in
early dealings and wheat, corn,
oats and rye all advanced a cent
or more on commission house
buying.
Buying by several large COM
mission houses was sufficient to
absorb the initial offerings in
duced by yesterdays sharp break
and prices opened moderately
higher and extended their gains
during the first hour of trading.
Winnipeg was strong and moved
up nearly &c with prices at mid
day Ia to 13sc higher; Liverpool
was 3s pence higher after drop
ping as much as pence at the
opening. Rotterdam closed 20 to
1Ac higher. Buenos Aires was 20
to 12c higher at the opening.
At noon wheat was 20 to Ac
higher, corn unchanged to 12c up,
oats unchanged to 1sc advanced
and rye 12c improved.
Estimated carlot receipts:
Wheat, 33; corn, 102. and oats, 13.
The Washington times., 1934-10-04
Adviser Appointed
On Far East Trade

Appointment of Granville Wood
ward of Riverside, Calf. to new
position Of special West Coast i'd
visor for Far Eastern trade was an
nounced yesterday by Director C.
T. Murchison of the U. S. Bureau
of Foreign and Domestic Com
merce.
The position was created in re-
spouse to a wide demand from
the business interests Of that area
for specialized service of this type"
MurchiSon explained.
With headquarters in San Fran
cisco, Woodward will have the as
SiStance of the Commerce Depart
ment's branch office in that city,
Los Angeles, Portland and Seattle.
The Washington times., 1934-10-04
BANKERS
ON PROGRAM

Bankers hailing from State
banks who will attend the annual
convention of the American Bank
ers Association here will find the
State bank program beginning
October % presents leaders in
State bank affairs from various
parts of the country. Among fl
nancial heads on the first days
program are: Clyde Hendrix, presi-
dent of the Tennessee Valley
Bank, Decatur, Ala, who is the
president of the State banks d.
vision. Other speakers will be:
Some Practical Phases of Bank
Management" Robert M. Hanes,
president, Wachovia Bank and
Trust Company, Winston-Salem,
N. c.; 1.-THE Frazier-Lemke Bill"
John G. Brown, counsel, Montana
Bankers Association; What the
Country Wants." Clinton B. AK
ford, editor, American Banker,
New York. A forum discussion
will be a feature.
The Washington times., 1934-10-04
MAYTAG DIVIDEND

Maytag Company, voted a divi-
dend of IS cents on the SO cumu-
lative preference stock and the
regular quarterly dividend of $3.50
on the Sc first preferred. both
payable November / to stock Of
record october Is.
A similar payment was made on
the SO preference stock three
months ago.
The Washington times., 1934-10-04

Chrysler in the motors. They
were strong in the early dealings
but gave way with the rest later.
Standard Oil of California was
heavily sold on the crumbling
gasoline price structure and
rumors of an impending cut in
crude.
Safeway Weakest
Safeway Stores and California
Packing were the weakest Of the
West Coast issues, tumbling more
than 4 points each. Most of the
oils went to new lows for the year.
Strength in governments COM
bined with other recent non-in-
flationary developments brought
selling into the mining shares. U.
S. Smelling lost 2 points and the
others were heavy.
SteeIs held firmly for while and
then sagged. U. S. Steel went un-
der 80 but losses were small.
Rails Off FractiOnalIy
Scattered selling came into rails
in the face of favorable traffic
forecasts. Atchison lost a point
but declines were generally frac-
tional.
Coal shares we're firm, aided
by the state high court ruling up
holding the NRA price structure.
Rubber shares were hit by fears
of price war in the industry with
the lapsing of the minimum code
prices.
Utility shares were sluggish, af-
fected by weakness in the West
Coast Power shares, but held their
reaction to small changes.
Mail order and farm implement
shares were easy despite the rally
in wheat.
The Washington times., 1934-10-04
Curb Has
Many Specialists

NEW YORK. Oct. 4 UN.SO.
Classification of the board of
governors is one interesting item
in the registration statement Of
the New York Curb Exchange.
OF the SO governors, % are
specialists and IA are commission
brokers. On the stock exchange
governing committee q members
are commission brokers and eight
are specialists. -
The Washington times., 1934-10-04
COAL DIVIDEND

New River Company, producers
Of low-volative bituminous coal.
declared a preferred dividend of
$3.50 on account of accumula-
tionS, payable November to
stockholders of record october
Is. On June Is a similar divi-
dend was paid. this having been
the first since November 2, 1881.
The Washington times., 1934-10-04
Failures Cut Down
During September
BY international News Service

A further sharp reduction in
business failures occurred in Sep
TENDER, both in the number and in
the amount of liabilities involved.
The records of Dun & Bradstreet
show 100 such defaults in the
United States for the month just
closed, with a total indebtedness
of SIG, 440,147.
These figures compare with 929
business failures in August for
$18, 459, 903, and with LIS similar
defaults in September of last year,
involving $21 1860 of indebted
ness.
The Washington times., 1934-10-04

the California
shares and the
oils.
A rally in
Gov ern m e n t
bonds and a re-
covery in wheat
after its tumble
we're ignored as
i n f lu e n c e S.
Trading turned
moderately &C.
tive on the de.
cline.
A few issues
re S i S t e d the
trend, notably
ion 0rS and
The Washington times., 1934-10-04

currencies, in
CT u ding the
dollar. This is
Of great in
terest, not only
as fife C t ing
our foreig n
trade, but as
throwing light
on the position
Of the dollar
and on our do
nestle prices.
he pound
has fallen from
q level where
it exch anged
for ahollt $50
The Washington times., 1934-10-04
REGULAR QUARTERLY

Solvay American Investment
Corporation has declared the
regular quarterly dividend OF
$1.371a on the preferred stock.
payable November Is to stock Of
record october IS.
The Washington times., 1934-10-04
NATIONAL TEA PAYS

National Tea Company has de-
clared the regular quarterly divi-
dend of 1874 cents on the 52
per cent preferred stock. pay
able November / to stock Of rec
ord october Is
The Washington times., 1934-10-04
DECLINE IN OILS
VI AKENS
MARKET
By LESLIE GOULD

NEW YORK, Oct. 4 GN.SD.
The stock market turned weak
today, depressed by a break in
The Washington times., 1934-10-04
POUND SEEKING
NORMAL LEVEL,
HANEY SAYS
BY LEWIS HANEY
professor Of Economies,
New York UniVersityl

There has been a striking de-
cline in the rate at which the
English pound exchanges for other
The Washington times., 1934-10-04

(al Optional (b) Partly extra. (cI Extra
stock and (d) Extra in in
~ On Of accumulatiOns. (E) No reguar rate
Paid this year. twwI With <xwJ without
(") Ex-divdend. a. Exrghta
Dividend in parenthesea (Note) Extra
dividends published through regular dividend
The Washington times., 1934-10-04

for about $50 Lewis Haney
to a point where it gets only
about 1892. This is drop Of
about ID cents in a few days.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
ACTIVITY
CHANGE SLIGHT

Changes in business activity
during the past week were slight,
according to the weekly Com
MERGE Department review.
The steel industry continued to
operate at approximately 60 per
cent of capacity, filling pre-.
viously accumulated orders for
second quarter delivery.
Automobile output increased,
apparently the result of increased
interest following recent price re-
auctions. Production was higher
than in any corresponding week
since 1880.
Electric power output increased
slightly, the seasonal adjusted
index moving to a new high for
the year, while freight car load.
ingS showed a contra7seasonal
gain.
Wholesale prices moved slightly
higher, farm products registering
a gain of S rer cent as measured
by the Labor Department index.
Commercial failures were 81 per
cent below the 1888 level, and 50
per cent below 1882.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
ADVANCE SHARP
FOR COTTON

NEW YORK, June IS G.N.S).
Swapping out of the listlessness of
the past few sessions, cotton
futures moved forward nearly
sharply today as traders were
cheered by the generally better
tone in speculative circles.
Trading was moderately active,
with Wall Street and commission
houses taking fair amounts of cot
ton out of the ring throughout
the forenoon. Foreign and do
nestle mills fixed prices and Liver
pool made scattered purchases.
Offerings were light, as liquidation
Of the July option for first notice
day tomorrow appeared to have
run its course.
Private advices coming in from
Texas today indicated that the
crop is suffering locally from dry
ness and from hot winds, but
eastward warm dry weather is
helping the crop. Press advices,
however, indicated a wide pre-
valence Of weevil over the belt.
Noon quotations were 8 to 8
points higher with July up 8 at
1902, october up 8 at 1890, De.
cember up 8 at 1874, and Jan.
uary up 8 at 12.47.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
RAPID TRANSIT
/. NET S2,142.52

= Operations of the Washington
Rapid Transit Company in May
showed net income amounted to
$2,142.52. against a deficit of 3d.
1908 in May, 1898, according to
the monthly statement filed with
the Public Utilities Commission.
This is an improvement Of
$5,313.35.
Marked improvement also is re-
corded for the first five months
Of this year. Net income totaled
$9,862.06 in comparison with a
deficit Of $20,959.25 in the like
period o year ago, or an improve
ment in net earnings Of $50, S21.31.
Both reports indicate a steady
improvement in bus travel in the
city, so favorable that the com.
pany has definitely turned the
corner.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
ACTIVITY
STEPS DOWN
3 POINTS

Operations in steel mills, near
ing the close of the most active
quarterly period since 1880, ire
declining less precipitately than
anticipated, states the magazine
Steel. The national average last
week fell off only 3 points to SO
Per cent.
Open hearths are being taken
off, it says, as contract shipments
for the month are being COM
pleted and it is probable that a
more marked reduction will ensue
this week.
AS the third quarter approach
es, the unpromiSing outlook in the
markets is relieved to some extent
by several favorable factors. The
apparent remoteneSs Of a steel
strike and an increase in SEIZED.
ules for July automobile produc-
ton in response to q stronger re-
tail demand, contrary to the usual
seasonal trend, are tending to
maintain the induStry's morale,
the summary declares, adding:
''For some time in July, steel
makers themselves face the ne.
cessity Of manufacturing for
stock to round out depleted in
ventOrieS. For the first time
since the industry's code was
adopted last fall, purchasing
practice is evidently reverting to
q hand-to-mOuth basiS-the in.
centive for contracting having
been swept away by the recent
code revisiOns. This dictates
preparedness for spot orders"
Some support is derived from
definite construction projects and
railroad requirements, and pros
pective naval shipbuilding in East.
ern yards, it was pointed out.
Scrap prices show increasing
strength with advances in several
districts. The survey went on:
"SteelmakerS have seldom ap-
preached a quarter with such
meager order books as they
have today. Consumers have
been acquiring material for use
in July and market prospects
now pivot on how quickly those
stocks can be absorbed. The
last-minute rush for deliveries
has been keenest for those prod
ucts, sheets and strip, which
carry the highest price adj
vanceS, ranging from SIS to So
q ton, beginning July l."
Little apprehension is expressed
by Steelmakers regarding ability
to complete all second quarter
contracts by the end of this week,
except possibly certain grades of
sheets and strip.
Due to recent adjustments in
black pipe, SteerS iron and steel
scrap composite this week is up
20 cents to $35.06, and the fin
ished steel composite is up 10
cents to $3.50. The iron and
steel scrap composite has sd
Vanced 8 cents to $1O,37.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
AGENT.
WINS HONORS

Herman Friedman, one Of the
Capital agents Of the New York
Life Insurance Company, won very
high honors in May when he
headed the list in all the branch
offices in the Atlantic department
in getting new business.
In addition to Washington, the
area includes, Baltimore, Philadel-
phia, Trenton, Reading, Scranton
and other cities.
He also stood tWenty-Second in
the list for the whole United
States and Canada which includes
more than 10000 ag n is. Mr..
Friedman wrote $74,750 paid foc
business in May and $140,750 new
business in the first five months
Of this year.
He is a member of the District
Underwriters Association, Life In
surance Club of Washington and
has been in the business IL years,
all the time with the same COM
pany.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
N. Y. Curb Quotations y %::s' 5'' sA: x;:'

NEW YORK, June IS GN.So
With trading at the lowest level
of the current year, stocks on
the curb exchange generally
moved in a narrow range today.
The only changes of conSe-
quence were in specialties. Mont
gomery Ward A spurted 2 points
to 1913, rejecting the company's
earnings gains and the steady re-
payment of back dividends.
The action over the week end
of Secretary IckeS to stabilize the
Oil industry was reflected almost
entirely in preferred issues, par
ticularly Pure Oil preferred, which
rose q point to 48A.
The rest Of the petroleum list
was steady in sympathy with the
group on the big board, but gains
were fractional.
Utilities were virtually station
airy. Electric Bond & Share was
down slightly, while American
Gas & Electric was fractionally
better. Interest in the group was
small.
The investment trust section
displayed a slightly better tone,
rejecting q fractional gain in
Atlas Corp. Mining stocks were
generally unchanged, with little
activity noted in recent favorites
like Hudson Bay and Wright Har-
greaveS.
Liquor stocks were somewhat
better, with Distillers SeagramS
rising y to 16. Bonds were
steady.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
Union Tobacco Net
Income Reduced

The Union Tobacco Company
reports for the year ended De-
cember 81, 1888. profit Of $46,704
after expenses, taxes, interest,
etc., but exclusive Of loss on sale
or exchange Of securities.
Net losses Of $6,879,243 on ex.
change Of sale securities were
charged to investment reserve
during the year 1888.
In the year 1882 profit was
$131, 1853 after expenses, taxes and
interest, but exclusive Of loss on
sale of securities, etc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
United Railways
Income Is HiQhe1

United Railways & Electric
Company for May reports income
Of $86,682. The figure does not
include provision for interest on
funded debt, due to the receiver
ship effective January 5, 1888.
In May, 1888, income was SILL
1877. For the first five 1884
months. the company had income
of $26S,120, against loss Of $l0,2
in the like period Of last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
Principal Produce Markets

slow; market steady. New Jersey Reds,
1Oc per pint: North Carolina, 32-quart
crates Blackcaps $S.oO@5.6O per crate.
Oranges-Twelve California arrived
2 broken and - unbroken cars on
track. California, boxes $4,000 $50,
according to grade and size.
Lemons-Two California arrived; 2
broken cars on track. California.
boxes $5.OO@S.oO. according to grade
and size.
Pineapples-cuba. crates ass s2.75.
42s $3.50.
L. C. L. express arrivals at Wash
ington, June rs, 1884:
Delaware-46 asparagus.
Florida-A avocados, "a eggplant, rs
lines, 36 okra, 65 peppers, "a squash.
California-25 avocados, 4S figs.
North Carolina-60 beets, IS carrots,
1856 cucumbers, rs raspberries, ~ dew
berries, "a turnips.
South Carolina-126 cucumbers, 4 lima
beans, 20 blackberries, IL peaches.
Georgia-25 huckleberries.
Tennessee-24 pints raspberries.
Maryland-16 crates raspberries.
Pennsylvania-125 mushrooms.
Mixed Vegetables-12 crates.
NEW YORK
NEW YORK, June rs S).-But-
ter firm, sailed and unsalted. Creamery
hipher acorinR 25M 6270: creamery ex-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
Eastern Air Drops
NeU York AirWdUS

Eastern Air Transport, Inc,
subsidiary Of North American
Aviation, Inc, has disposed Of its
entire interest in New York Air
way, Inc. according to E. r.
Breech, president Of North Amer
lean.
New York Always formerly
operated an air line between At
lantic City, New York and Wash
ington,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
BUFFALO

EAST BUFFALO, N. Y. June 25
QN.S.).-Hogs 1900, holdovers 1876,
fairly active, averages below 210
pounds, 1e@15c under Fridays average,
heavier weights about steady. desirable
22O-27O pounds, $5.6o@5.65; bulk 150-26O
pounds, $5.25@5.40; mixed lots, 1S0-
pound average $5.O5; 1SO-16O pounds,
quoted, $4.25@A65; pigs, $S.75@4.
Cattle-1,O00, steers and yearlings
strong to Csc higher; choice /, 400-pound
steers, $40; bulk good, S50-1,050 pounds,
$7@S.S5; mainly, $7.5O@s.1O; shortfeds.
$3.50; plain grassers. 44o-5O0, cows and
bulls active 25c higher, fat cows, $3.50
@425; cutter grades, $2@3.10; med
ium bulls, $3.50@3.75.
Calves-1,1o0, vealers steady, good to
choice. $3.50; few selections, So; COM
mon and medium, $4@6.
Sheep-2,300, spring lambs steady to
weak, spots off Csc; good to near choice
ewes and wethers, $3.50; top. $40; mixed
opperings, OILS; common and mediums,
$7.75@9; aged wethers, 81; mixed sheep,
$1.5O@2.75.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
PTTTSBIIRGH
CLOTH PRICES STEADY

coarse yarn cloths market was not a
very active affair today, as buying in
standard numbers was limited to small
scattered lots.
Prices continued fairly steady, with
no declines, EXCEPT for one or two
instances where individual concessions
were made which could not later be
duplicated.
Intermittent bidding for late deliv-
better buying ahead, since it was OBJ
vious that buyers still need very good
quantities of various constructions for
delivery during tho anmmAr mOnthA.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25
LIVESTOCK MARKETS
CHICAGO

CHICAGO. June rs UN.s.).-Hogs:
Receits. $4,000; 1O@15c lower. Top, IS;
bulk, $4.4O@4.9O; heavy. $4so@5; me
dunn, $4.6505; light, $4.40@4.S5; light
lights, $3.S5@44O; packing sows, $500
40; pigs, $2.5O@3.IO. Holdovers, 1000.
Cattle-Receipts, $4,000; 15@25c lower.
Calves-Receipts, 5000; steady. Beef
steers Good and choice, $3.50 @ 1925;
common and medium, IS @ $50; yedrlings.
$500. Butcher cattle: Heifers, $3.50 o
Z; cows. $275@4.5O; bulls, $4,000;
calves, 1905; feeder steers, $4Q5.75;
stocker steers, $3.5O@5; stocker cows
and heifers, $2.75@4.5
Sheep-Receipts, $4,000: Is use, lower.
Lambs, $500; common, $5@7; yearlings.
$5.50@7; feeders, $5.50Q6; swes, SIG
$50.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-25

NEW YORK, June IS UN.S).
An irregular price movement
again characterized trading on the
bond market in the first session
Of this week. Trading was CON-
paratively brisk, and the under.
tone was firm.
The second grade rails, which
had been the chief unsettling
features last week, showed signs
Of greater firmness with the St.
Paul adjustments and the North
Western convertibles rising frac.
tionally.
Communications were quiet and
slightly easier as the Western
Union IS Of 1851 declined about
half q point.
Prime rails were quiet and
steady with the Baltimore & Ohio
IS slightly higher.
German government issues were
again easy.