davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-02-04
MACHINERY TOOL
ORDERS At PEAK
Export and Federal Buying
Brings Highest Mark
in Two Years.
BY JOHN A. CRONE.

special DlSpatCn 70 Inc otdEs
NEW YORK, February 3.-Export
and Government purchases have lifted
the volume of machine tool orders to
the highest levels in two years. In
uuiries from all sections OF this coun-
try continue strong, with machine
toolmakers eagerly awaiting sizable
orders from the automotive industry.
Export business in December &C
counted for 54 per cent Of total sales,
according to companies reporting to
the National Machine Tool Builders
Association, whose index the last
month of 1888 stood at 1886, as COM
pared with 1913 for November and
35 for December, 1882.
The rate of orders booked in De-
cember represented about rs per cent
of normal operation. Although Janu-
ary figures are not yet available, De-
cember gains were maintained last
month.
Overseas sales Of power-driven
metal working machinery during De-
cember amounted to $879,333. as
against $714.705 for the same 1882
month. Impressive increases were re-
ported in other machinery classified
tions, with electrical machinery and
apparatus credited with a rise from
s3,193,175 in December, 1882, exports
to S5,492 O96 last December.
The brisker rate OF inquiries from
virtually every section of this coun-
try during January heartened the
trade. This city, Boston and Phila-
delphia, the three principal Eastern
centers, aside from a few small place:
In Connecticut, reported inquiries
rather slow at the start Of the veal
but improving daily. Cincinnati
showed somewhat similar trend bul
St. Louis remained in the doldrums
Cleveland predicts that 1884 volume
will greatly exceed that OF 1888. Thi:
is rather natural. because Cleveland
Is in the automotive district.
Speaking Of automobiles, Detroit
machine toOlmakers look for rea
volume orders within the next month
Automobile shows throughout thu
country piled up orders far greater
than the trade dared to expect. TC
date, however, most Of the machine
tool orders placed by motormakers
have been for special tools.
(COpyriRht. lg3i)
Evening star., 1934-02-04
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, February 3.-Cotton
made new high records for the season
today on an active demand from both
trade and speculative sources. A more
optimistic view of crop control pros
poets and encouraging reports from
the cotton goods markets we're con-
tributing factors in the advance which
carried May up to 1178 or II points
net higher. That delivery closed at
ll.76, with the general market closing
at net advances Of IA to 19 points.
The market opened up to points
on the trade and commission house.
Considerable realizing was encount-
cred at the start and there may have
been local selling on the action Of
the dollar in foreign exchange mar
kets, but there was very little pressure
from the South, and offerings we're
readily absorbed. Demand broadened
as prices worked upward with the
encouragement of strength in the
wheat and stock markets. Although
realizing became heavier. it made lit
tie impression on the market. March
sold up to IL 60 and october to 1912,
points on active months Closing quo
tations were within a point or two of
the best
Reports that sales Of cotton goods
during the first three weeks of jan
uary had exceeded production by 60
per cent and that untitled orders were
equivalent to about seven weeks cur
rent production received considerable
comment. Reports of continued
large retail turnover Of general mer-
chandise also attracted favorable no
tice, while recent advices reaching the
trade here were said to have encour-
aged more optimistic view of acreage
control prospects.
With allowances for sterling, Liver
pool cables were slightly better than
due, and the continent was reported
considerable buyer here. Cotton on
shipboard awaiting clearance at the
end of the week was estimated at
$4,000 bales against 155,O00 last year.
The range of prices follows:
Evening star., 1934-02-04
Commodity Price
Changes for Week
BY H. n. McGILL,
Editor McGm Commodity Service. Inc

Eoltor. McGlu COMMONLY service, Inc.
AUBURNDALE, Mass, February 8
RD.-Commodity prices during the
past week not only registered the
sixth consecutive increase, but reached
new high ground In the broad price
revision upward that has been in ef-
feet since last March. The index Of
all commodities in early February
stood 40 per cent above the extreme
low point in this depression. Higher
commodity prices as well as stocks
and bonds have accompanied the In
auguratlon OF the new gold standard
which places the dollar at 5906 cents
in its relationship to foreign curren-
cieS. The $4,000 100000 stabilization
fund was put into operation on Feb
ruary l and had a stimulating effect
upon commodity markets.
1t Is difficult to determine how
much Of the underlying strength is of
a psychological nature and how much
Is due to fundamental improvement.
A recapitulation shows that during
the week eight groups advanced. only
two declined, while four remain un-
changed
Farm Prices Climb.
Industrial prices recorded a frac-
tional increase which is a repetition
of steady upswing since the first OF
the year. Industrial prices now stand
As per cent above the extreme low.
Agriculture prices registered broad
upsWing. Leadership toward higher
levels was noted in wheat, oats, cot
ton. butter, eggs, peanuts and flax
seed
Live stock trend for a period Of
months have Jagged behind the ad-
| vancing trend of all commodities. re-
corded more strength and the index
in early February ruled II per cent
over the same period q year ago.
Hide and leather prices advanced
! due entirely to the one-half cent
mark-up in hide quotations.
Non ferrous metals represent one
of the two groups that declined. The
records show that during the week
price weakness featured aluminium
1930-and copper. which more than
| offset the moderate Strengthening in
silver and zinc.
Fine Textiles Strong.
Fine textiles were comparatively
strong, the index advancing one whole
point In addition to spot cotton in
creasing to 11a4 cents. cotton yarns
advanced and silk also averaged
higher.
Price changes in other groups were
extremely limited. The four groups
that recorded no price change were
building materials, fuels, ferrous met
ais. paper and pulp.
| Most important changes in the Nc
Gill weekly price index 1925 equal
ing lOO) were as follows
Evening star., 1934-02-04
FOREIGN EXCHANGES.

NEW YORK. February 3 P;-Foreign
exchange strong, Great Britain in dollars.
others in cents:
Great Britain. demand. 4.93Ha; cables,
4 93la; .60-day bills. 4.92h. France. de-
mand, 6;;33: cables. 6.33. Italy, demand,
Sal: cables, SAL
Demands: Belgium. 2252; Germany.
1920: Holland. "a 80; Norway. "a so:
land. 81 10 Spain. 1903: PORTUGAL .55':
Greece. ..92.: Poland. 1875: Czechoslo-
vakia. 4.73': Jugoslavia. 2.24': Austria,
Brazil. s4s.: TOXIC. 20 37ha: Shanghai,
1915; Hongkong, 37.75 Mexico; City tsil.
yer peso). $500; Montreal In Neg York.
sNouipSl.
Evening star., 1934-02-04
BROKER FIRM MOVES
AT CHARLOTTESVILLE

Charles D. Barney and Co.. men,
bers of the New York Stock Exchange,
who have recently increased the per-
sonnel of their Washington office,
have also moved their office in Char
lottesville, Va, into larger quarters,
according to Frank P. Morse and Ed
ward w. Gamble, managers of the
Washington office, which has supervi-
sion over the Charlottesville Office.
Evening star., 1934-02-04
MANY BONDS SET
NEW HIGH MARKS
Second Heaviest Saturday
Trading on Record
Boosts Prices.
HY VICTOR EUBANE.,

Associated Press Financial Writer.
NEW YORK, February 3.-The
bond market set another fast pace to-
day and many listed loans again es-
tablished new high marks for the past
two years or more.
1t was the second heaviest Satur-
days trading on record. transfers
totaling SIT ,426.O0O, par value against
s7,476,OOo last Saturday. The record
for a brief session was in December
27, 1919, when bonds to the amount
OF some sl9,00O0O0 changed hands.
The average for 60 domestic cor
porate issues advanced 4-l0 of a point
70 1877. Just passing the 1888 peak
Of 83.5. All corporation groups reached
new 1884 highs, while those for the
dndustrialS and rails were at their best
levels since 1881.
U. S. Government Active.
United States Government securi-
ties. rather inactive recently, became
exceptionally lively. The turnover
here amounted to about S3600,000,
more than double the total of yes
terday's full session. Gains ranged
from 1-32nd to l832nds of a point.
More than Sl300OOO of the uncalled
Liberty fourth 4l,s appeared at an
advance of 6-32nds of point.
The bond appetite seemed to have
been further Whetted by reports that
the gold rush to America was gaining
momentum, that repatriated funds
were going into loans as well as
equities and that foreign capital. fear
ing a possible devaluation of some Of
the European currencieS, was seeking
refuge under the modified gold stand
ard of the United States
The rails again led the corporate
groups with many secondary liens
scoring gains Of l to 2 or more points
Among the most active carrier issues
were some of Allegheny Corporation,
Baltimore g. Ohio, Canadian Pacific,
Chesapeake Corporation, St. Paul,
Chicago & North Western. Denver &
Rio Grande, Great Northern. Missouri
Pacific. New York Central. Nickel
Plate, Frisco and Western Pacific.
Foreign List Mixed.
Substantial advances were recorded
By isues of Youngstown Sheet & Tube,
western Electrlc, warner BIOS, OIlll-
ties Power & Light, United Drug,
Postal Telegraph, Niagara Share,
Montana Power, Consolidated Gas,
Chile Copper, American & Foreign
Power and American Rolling Mil
The foreign section was a trif1e
mixed. Gamers of to or more
points included bonds of Belgium.
Bueros Aires. Denmark, Rumania and
Colombia. The Argentines were bit
soft under protit-taking and loans Of
Dutch East Indies. France. Poland.
Rhinewestphalia and Italy we're of
I to 3.
Evening star., 1934-02-04
Exchange Topics
BY the Associated Press.

BY the Associated Press.
N YEW YORK, February 3-The
N only conspicuously unfavor-
VI able technical aspect of the
4 Y stock market is perhaps the
generally recognized lack OF
short account. And absence Of a for
midable short position leaves the
market technically vulnerable. should
any Unexpectedly disturbing news de-
velop.
Spurred by the appearance Of the
biggest volume Of new equipment buy
ing in many months, which came to
light this week, locomotive shares
forged into speculative prominence
Some months ago 1t was pointed out
that If railroad tariff increased in any
marked degree, the carriers would be
forced to come into the market for
new rolling stock and motive power
With prospects now bright for a SUBJ
Stantlal expansion in the freight
movement. such demand is beginning
to assert itself. Led by American Lo-
connective, American Car & Foundry
and Lima Locomotive, the equipment
shares pushed ahead l to around
points to new highs for the move.
Overcoming whatever nervousness
may have been OccaSioned by refer
ence to labor conditions in the indus
try, speculators again were disposed
to favor the motor and affiliated COM
pany shares this morning Under the
leadership Of Chrysler and General
Motors both OF which negotiated new
high prices for the bull movement. in
dependent shares and those Of the ac-
ceSSory manufacturers we're turned
over in large volume
General Motors and American Gas
e. Electric are found TO be lodged in
portfolios of investment trusts to a
greater extent than any other popular
common shares. One house, complet-
ing an analysis Of holdings Of SIS
trusts, finds those two issues each ap-
pearing in portfolios Of 81 trusts;
Chrysler Is found in 36 and J. P.
Penney in 20 instances.
Evening star., 1934-02-04

These PARTIES, of course, are of lit
tie more than theoretical value only
in the case OF currencies still on the
gold standard, or Of currencies which
are being artificially pegged to their
old gold PARTIES. In the case Of the
British pound there is no expectation
that it will be lifted to $8.2397 in
terms Of gold. but since gold payments
were suspended in 1881 there has been
no official devaluation of the pound,
SO it would go to that level in terms
Of the dollar If the old gold value of
the pound were ever resumed. The
same applied to the Canadian dollar,
Japanese yen and Argentine peso.
Evening star., 1934-02-04
LIQUIDITY STILL HIGH
IN NEW YORK BANKS
Special Dispatch to The Star.

SptCIAI DISpdlCN 10 The star.
NEW YORK, February 3-Accord-
ing to an analysis of leading New
York City banks by the Standard Sta
tistics Co., liquid assets of these in
Stitutions average 81 per cent of gross
deposits, compared with 63 per cent
a year ago. Liquidity of individual
banks differs widely, ranging from "a
per cent in the case of First National
to So per cent for Chase National. A
table covering liquidity at the ends of
the last three years following:
Evening star., 1934-02-04
STATE AND MUNICIPAL
FINANCING TO DECLINE

~ the Associa ted Press.
NEW YORK, February 3-New
Btate and municipal financing sched-
uled for next week totals slO,s6l .291,
Eays the Daily Bond Buyer, compared
with s20,339,25 this week. The State
Of West Virginia will receive bids
Tuesday for S25O0000 refunding
bonds at not more than Az per cent
interest. Cuyahoga Co., Ohio, will
offer similar sized loan on Thurs
Cay
Evening star., 1934-02-04
RESORT TRAIN ENLARGED.

CHICAGO, February (P.-With
reservations in excess Of expectations.
the Floridan. Winter resort train Of
the Illinois Central System. will op-
crate out Of Chicago In two sections
Sunday for the first time in three
years, J. v. Lanigan, passenger traf1c
manager, reported yesterday.
Evening star., 1934-02-04

Bleachable cottonSeed oil was firm
today on scattered covering and local
buying, promoted by the strength of
cotton and securities and the firmness
Of hogs and lard. Final prices were
l to points net higher. Volume,
however, totaled only six contracts.
Bleachable spot nominal: March
closed 4.e5, May. SIS: July. $50:
September, $50.
Evening star., 1934-02-04


New York markets compiled by the As
COFFEE-Spot firm; Rio No. T. aia:
Santos No. 4. 1Ol2. Rio futures closed
Arm; sales. 5000 bags. March. 7.59n:
May. s.75n; July. 7.s3a7.9O; September.
500; December. s.21n. Santos futures
firm; sales. 5000 bags. March. 9.9ln:
May. 1913: July. 1o.o5n; Septembe-
10. .5Sb December. 1069n.
CRUDE RUBBER-Futures closed firm.
to Is higher; sales. No. standard. POS
contracts. March. 10O1b; May. 10.32a
1924: July, 1O59a10.60; September.
1882: october. 1092n: December. 1l.12n'
January. 11.22n; smoked ribbed spot,
9.91n.
SUGAR-Futures closed firm, Gas high
er; sales "a 300 tons March, 1.6l al 80
May. .84a1 .65; July. .61a1 .6S; Septem-
Der, !. 70: December. 1.76:, January. .16b.
SILVER-Futures closed strong, 100 to
1913 higher; sales, 6.250.000 ounces.
March. 400: May 45.05; July: 1915:
September. 46.1O; October. 46.31n: De-
cember. 46.91n.
Bid. Nominal.
Evening star., 1934-02-04
ALUMINIUM OUTPUT OFF.

NEW YORK, February (R.-
aluminium production in the United
States during 1888 totaled 85,l25, 900
pounds, compared with los 1856 900
pounds in 1882, the American Metal
Market estimated yesterday.
Evening star., 1934-02-04
Foreign Exchange
PARTIES Figured
With New Basis
BY the Associated Press.

0y VIC HSSOCIHCtu fIebS.
NEW YORK, February 3.-Devalu-
alton Of the dollar to IS S /21 grains Of
gold has changed its PARTIES with
principal foreign currencies an d
prompted a marked change in the
calculations of foreign exchange
dealers.
The following are what may be
termed new official PARTIES Of ex-
change on leading currencies, based
on calculations made at the New
York Federal Reserve Bank and car
ried to the nearest one -hundredth Of
1 cent.
Evening star., 1934-02-04
Per cent liquid asset
Average 81 63 &

Because of the use Of different
groupings in the condition statements
OF various banks. the figures above
are not all strictly comparable, but
they serve adequately as approximate
indications.
Evening star., 1934-02-04
NICKEL PLATE LOADINGS.

NEW YORK, February R.-
Freight loadings Of the Nickel Plate
In January were 50,66S cars. an In
crease Of 1877 per cent over the 1888
month.
Evening star., 1934-02-04
HARDWARE TRADE ACTIVE.

NEW YORK, February R.-
Seasonal items led all other types Of
hardware in an active week in the
wholesale hardware market.
Evening star., 1934-02-04
Daily Price Index.

NEW YORK. February 3.-Index Of Is
staple commodity prices. December 81 :,
1881. equals 100; 1925 average equals
Evening star., 1934-02-04
Commodity Futures.

(Copyright. 1894. by Moody's)
Evening star., 1934-02-04
Grain Quotations.
Wheat, No. 2 red Winter q

Wheat, No. 2, red, Winter, gar
licky. spot, domestic. 991z: February.
99h; March delivery. 1.0lA. Corn,
No. 2, yellow, domestic, 66a67. Cob
corn. 2.75a300. Oats, No. 2, white,
domestic, as to weight and location,
50a54; No. 3, 49a50. Rye, nearby,
80a85.
Evening star., 1934-02-04
TREASURY CERTIFICATES

tReported by Chas. D. Barney & Coz
Aata-Moturity pid Offer
The Waterbury Democrat., 1934-03-21
By Blosser
Pictures by George S,hriH ~

scouty said, There's no one
here"
"Oh, yes there is" replied old
Nick. Just wait until pull my
trick. Stay here! I'll get the bugle.
There is not a thing to fear"
They watched him climb into
tree. When he came down he
shouted. "See? I have the bugle
now" Then Scouty cried, "Oh, let
me blow"
"All right" replied the kind
old man. BLOW any little tune
you can. Twill bring from all those
tents. some soldiers you'll be glad
to know"
Brave Scouty blew with all his
might. The TIMES shortly saw a
sight that gave them quite
thrill. From every tent wee sol
diers came.
Those fighting lads are ants"
said Nick. Say, don't their uni
forms look slick? They'll help US
rescue Quincy, and you'll find that
they are game"
copyright 1884, NEA. Service Incl
q (,rhe soldier ants get ready for
action In the next st0ry.)
The Waterbury Democrat., 1934-03-21
r essss ~ mEa SERVICE. NC.
sA Story by Hal Cochran

OF course the TIMES didn't know
where Quincy was, but Nick said.
"Oh, we'll find the lad before I'm
throgh, unless my plan falls fiat"
He kept on running. through
the trees till Dotty painted, Tell
us, please, just where you're 60
ing. Goodness sakes, why do you
run like that?"
"Well," answered Nick, I'm
going to find some little fellows
who'll be kind, and help us locate
QUINCY. There is no time to be
lost.
This lad may get into a mess.
He'll gladly welcome us. guess.
We're going to save him from that
big bloom bird. at any cost.
"Be patient for little while.
;Ne'n run about half mile and
then you'll see real strange
samp, with tents in nice, long rows.
"I'll get bugle when were
hewe, and blow some notes into the
~. A very strange thing happens
every time the bugle blows"
It wasn't long tnl Cody said.
I'll see the camp. It's Just ahead
And, whom they raced up TO ~
Evening star., 1934-07-10
Black Duck Lays Black Egg,

DUNDEE, H. (P.-The farmers in
this vicinity are f1ocking to the farm
of Edward HoltZ to see something
they never saw before. namely, a
black egg laid by black duck
Evening star., 1934-07-10
Subsidiaries Included.

Two Corrigan- Mckinney subSid-
isrieS, the N. g. G. Taylor Co. OF
Cumberland. Nd. a tin-plate plant.
Evening star., 1934-07-10
RECEIPTS OF SILVER
AT MINT SET MARK
Total for Week Ending July 6 Is
1,42s,247 Fine Ounces.
Money to Be Speeded.

Record breaking receipts of newly
mined silver at the mintS, amounting
to l.42S,247 fine ounces for the week
ending July 6. were announced last
night by Acting Secretary Coolidge
of the Treasury.
At the same time, Coolidge said
the printing of silver certificates
might be speeded up somewhat from
now on. Preparation of dies for en-
craving has held back the program
with respect to bills of the larger
denominations.
Although the Treasury revealed
that last weeks receipts brought the
total of newly mined silver received
10 1885, 900 fine ounces, the silence
which has enveloped purchases of
other classes of silver under the re-
Gently enacted silver law was not
broken.
A recent statement by Representa-
tive Dies. Democrat. of Texas. that
more than 10000. 600 ounces Of all
kinds of silver had been purchased
has not been confirmed or denied by
the Treasury. but in authoritative
quarters 1t was reported the figure
was not a bad estimate
Cloaked by the Stabilization fund,
dealings in this metal do not show
in the daily Treasury statement
Evening star., 1934-07-10
GEORGIA AND KENTUCKY
WILL GET MONUMENTS
Roosevelt Has Signed Two Bills
Creating Additional Ma
tional Shrines.

President Roosevelt has signed two
bills creating additional national
monuments, one in Georgia and the
other in Kentucky.
The Ocmulgee National Monu-
ment is 2,000-acre tract in and
around Macon, Ga, and contains In
dian mounds of historical import
ance. The area in Kentucky known
as Pioneer National Monument will
embrace four historical points,
Boonesborough, Boones Station,
Bryans Station and Blue Licks Bat
tlefield, which is the accredited site
of the last battle of the Revolution,
on August 10, 1882. These four
points will be connected by a me-
mortal highway.
As soon as sufficient land includ-
ing these sites in Georgia and Ken
lucky are rendered to the Federal
Government, the new monuments
will be erected and turned over TO
the National Park Service of the
Interior Department.
Evening star., 1934-07-10
A. A. A. EMPLOYEES
QUIT SUN PARLOR'
Most of Them Transferred
to Other Rooms in Old
Post Office Building.

After a week of excessive heat in
the sun parlor" of the old Post Office
Building, employees of the Agricultural
Adjustment Administration have at
last been given relief and revolving
fans and automatic drinking foun-
tains have been installed.
During the extremely hot weather
of last week a number of workers
quartered in the glass-covered court
on the first floor. were overcome by
the heat AS a result most of them
have been transferred to side rooms,
leaving only about Is in the space
formerly used as the work room OF
the Franklin Branch Post Office
T. Weed Harvey, assistant to Ad-
ministrator Chester c. Davis. pointed
out that the transfer of the A. A A.
workers came during the hottest days
of the Summer, and. since the new
tenants didn't know of the boilers be-
meath the court space, they were sub
jected to excessive heat from both
above and below.
The A. A. A. has taken over the
first five floors of the old building.
The sections transferred are handling
commodity contracts, checks and
audits. Altogether approximately
5000 workers have been moved into
the building.
Unless it is decided to demoliSh the
old building soon, agricultural officials
declare that repairs and renovation
will be necessary. The present eleva-
tor service is held inadequate and
many minor repairs are needed. The
Public Works Administration has al
located $4,000 for reconditioning the
structure.
The 25 employees remaining in the
court section will not be housed there
throughout the day, but will enter and
leave merely hong enough to attend
the files that are stored there.