davidaulloa/AmericanStories huggingface dataset:
The border vidette., 1934-05-26
MUST FLY BLUE EAGLE IN
HOMEBUlLDtNG

| Phoenix, May 81. - Building
companies must be under the
Blue Eagle to obtain any of the
5000, ,OOO,OO0 worth of business
which the government is going
to create in extending aid for re.
conditioning the nations distress.
ed hon es. Acting Arizona Man.
ager Evan S. Stallcup of the
Home Owners Loan Corpora.
ton, announces.
1t is possible, also, that q
similar restriction will be impos
cd on the program to stimulate
the private spending of 81 ,500,-.
600, 900 for other than distressed
bones.
This became known with the
examination Of plans, of the
Home Owners Loan Corporation,
for setting up special agencies
in the corporations 800 Offices to
advise home owners, in need Of
money, how to abtain funds for
reconditioning.
This operation will ee directed
from Washington by Donald H.
McNeals formerly manager OF
the National Homes Finance
Corporation. which is operated
by the building industry.
The distribution of the cor.
| poration's 5000, 100000 falls de.
finitely under the Presidents
b q q against non Blue Eagle
firms. The 5000, 100000 fund
will be available to any home
owner in distress. whether or
not he has received previous aid
from the corporation.
The corporation has adopted
the policy of encouraging the
use Of local facilities to the great
est extent possible, Including
labor. purchase of materials aud
so on.
Officials have set up three
types of work, under the general
heading of reconditioning. Re-
pairing is anything which puts
a house in g livsble condition;
remodeling requires b g i c
structural change, while modern.
izing is q type of work which
bases the standard of the home
above it's original intent. The
use of these terms represents an
attempt to define the operations
so as to avoid confusion. From
now on the general operation
will be referred to as "recondi.
tioning."
In seeking a loan the bone
owner will go to the Office OF
the corporation nearest him. If
the Office tinds he is entitled to
aid. be will be given q list Of
contractors, and from it will
choose three. Those may then
bid for the job, the lowest bid.
der getting IT.
The border vidette., 1934-05-26
ECONOMIC HlGHLlGHTS
5-21-34

e The next major step in the
Administrations recovery pro
gram is scheduled to be an at
tempt to bolster up heavy in
dustries-those prod ucing steel.
cement, lum Der, and similar pro.
ducts which are principally
bought by other industries
rather than by the ultimate con-
sumer. There has been great
business Improvement during
the last few months, but almost
all of it has occurred within con
sumer industries. Heavy indus
try is still ia the doldrums-and
that is serious because these 10
dustries normally employ the
most workers, and the great
bulk of unemployment that still
exists can be traced to their
lethargy. Practically very
business leader, irrespective Of
what kind of a company he be
longs to, has sung the same
theme-song: Well never get far
so long as heavy industry re-
mains in a state of coma.
The governments answer to
industry's request according to
the U. S. News, will have three
phases. First will be a program
Of federal aid in financing home
building and repairing. 1t is
hoped that this will liberate ST., :
5O0,00O,000 Of private capital
which is now more or less non
productive.
Second, the government will
loan directly to ind ustry through
the federal reserve banks and
the Reconstruction Finance Cor
pora,ion, so that basically sound
concerns need no longer look
vainly around for working capl.
tai.
Third, the liability provisions
of the securities act-one of the
most fought about bits of leaisla
tion the Administration has pass
ed-will be soitered. The ACT is
so stringent in it's present form
that IL has practically brought
an end to the issuance of even
the most legitimate securities.
It is believed that this program
can be followed at a comparative
~ small cost to the government.
In the matter OF home tinaucing,
The government will simply
guarantee portion OF the loans
from 10 to 20 per cent. The
experts say that is enough tC
loosen avast amount of damned
up credit. Also, il will make pos
sible long time financing, with
amortization ovd as many as &c
years, eliminating the type OF
mortgage which natures every
three years or so and must be
| retinanced at a substantial cost tC
The border vidette., 1934-05-26
A GRAVE RESPONSIBILITY

The automobile got off to a bad
start in 1884. Returns for Janu-
ary show an increase Of close to
II per cent in motor vehicle ia
talities. as compared with Janu
ary, 1888. The death total for
the mooth was 2.400-only very
slightly less than in the same
month of 1881, the year which
established the existing hight"
for fatal automobile accidents.
That record places q heavy
responsibility on automobile
drivers and traffic authorities
The reckless, the incom petent,
the discourteous, continue to rule
the highways. They are, Of
course,in the minority. represent
ing less than ten per cent OF II
motorists. But they menace the
lives, health and property of the
ninety per cent who are CON.
petent. cautions and courteous.
There are three distinct phases
to the automobile accident pro
blem. One is traffic Iaws-the
state or community which lacks
q reasonable, modernized ira ffic
code, thoroughly and efficiently
enforced by highway police. is
itself. encouraging accidents.
The second phase is the licens.
ing Of drivers-as yet, only a
proportion of states have set up
machinery for checking on the
experience, the ability. and the
physical attributes of motorists.
The third phase is the car itself
millions of automobiles which
are defective in brakes, steering
mechanism, lights or signaling
devices are permitted to use the
streets and highways.
Every responsible citi ze ID
should stand squarely behind
proposals designed to reform,
perfect and improve legislation
concerning one Or another Of
these factors. The automobile
is killing 10000 people every
year-and 10 one knows where
death, behind the steering wheel,
will strike next.
The border vidette., 1934-05-26

HONESTY Every penney. &C.
counted for.
ECONOMY-He reduced ex
nenditures for State Government
S., 800. 900.
SINCERITY = No man can
challenge bis virtne.
COOPERATION- With your
help the money be saved the
State can be passed on to you.
The last plank" of the plat.
form is qualified by a note ex
planning that statement OF
policies" in pamphlet form tells
how cooperative effort will pass
all the money saved on to the
taxpayers.
/ am opposedto.the old fash
ioned political platform, Gov.
Moeur declared. my statement
of policies will be an educational
treatise of the status of the sta te
which [ believe governor is
duty boand to submit to the citi
zens regardless of political aspir.
ations."
Gov. Moeur explained that the
people have Lost patience" with
Office seekers who confuse the
public with jumble of promises
impossible Of fulfillment.
The unusual platform, observ.
ers said, is typical of Gov. Moeur,
whose straightforward methods
have made him unique as a pub
lie official.
The border vidette., 1934-05-26

Main agricultural problem is
surpluses. Solution W the
crop-curtailment plan, whereby
the government signs agree
ments with farmers stipulating
how much OF every kind of pro
duct they can produce. In. re
turn, the government pays them
for the land taken out of culiva.
ton.
Now a greater power than lie.
gislation has taken q hand-and
shown the nation what crop cur
tailment in the grand manner is.
The power is nature. The crop
is wheat.
The middle west is literally a
desert There hasn't been so dis
astrous a spring in 40 years,
and great agricultural states are
dry as the Sahara. The drought
is trimming almost two million
bushels of wheat day from the
official May 1st crop estimate.
The drought was accompanied
by a dust storm that picked up
billions Of pounds of top soil,
with it's planted grain, and car
rjed it away, to fall along the
Atlantic Seaboard as we'll as the
Middle western cities. Some of
it fell on the dome of the capital
at Washington. Some fell in
Wall Street. Twel I've million
pounds fell in metropolitan Chi
cago-four pounds for every
man, woman and child in tbs
city.
Federal farm officials are con
sidering allowing farmers to
plant acres thai were retired
have advanced the date for sign
ing wheat production control
contracts. 10 many areas hit
by drought it will be impossible
to raise. any crops at all this
year, and government benefit
payments will be the only source
Of income the farmers will have.
Even abundant rainfall could
nos save the crops, so great has
The border vidette., 1934-05-26
MOSUA'S PLAY FORM GRIEF

Phoenix. May %. - Brevity
will be the soul OF Gov. 3. B.
Moeur's campaign for reelection,
If the announce Of his plat
form is any indicator.
Printed in miniature pamphlet
form, the platform comprises
four pages upon which appear
the following salient points:
The border vidette., 1934-05-26
FIND EOOZE CANDY.

New York, May 22.-Evidence
of liquor candy ring alleged to
have sol d children $500, ,OCO
worth of candies filed with boot
leg alcohol has been presented to
the federal grand jury in
Brooklyn.
The border vidette., 1934-05-26
been the damage.

been the damage.
AS result, the agricultural
administration has a new and
grave problem On its hands
how to carry stricken farmers
through q barren year.
Political note: State primari
es. and the elections that will
follow next November, are IN
usually interesting this yea".
The pregnant question they are
arousing is: Can the democrats
maintain their hold on the elect
orate-or are the millions Of re
publicans who switched party
last year returning to the fold? ??
All observers agree that MIR.
The border vidette., 1934-05-26

Roosevelt's personal following is
as large as ever-b ut many
douos ii even that is enough to
prevent heavy demoratic losses
when the ballots are cast,
The border vidette., 1934-05-26

the borrower.
Funds can easily be made
avalIa BILE for the loans to indus
try. Senator G SIS is now
sponsoring a law which would
permit the federal reserve banks
to make loans that regular bank
ing channels are unable to
handle under the present set-uD.
Generally speaking, the reac
ton to this program is very fav
orable, inasmush as it lays all
the stress on slim ulating private
business, and does not involve
any great extension of govern
ment activity.
Evening star., 1934-12-13

Large chrome-plated tray
with cocktail shaker and 8
matching cocktail cups.
(Fifth Floor, The Hecht Coz
Evening star., 1934-12-13
&4;Ahh&h641&f &fsom*ReHsahfC3:
he Escaators Make Christmas Shopping at The Hecht Co.

No smart cocktail party
is complete sUithout one
Stunning 1411-ineh dishes
with 3 compartments and
glass inserts in each. Nom
tarnishable.
(Fifth Floor. The Hecht Coz
The Washington times., 1934-03-19
PRICE TILT DUE
INFARN TOOLS

Encouraging in the 1894 earn
ings outlook for the farm equip
ment industry-which has made
a fair showing 50 far in the first
quarters a very likely boost in
the prices Of its products.
While some Of the manufac-
turers, for political reasons, are
hesitant to step up prices for the
farmer. others in the group are
convinced that a general increase
this year is inevitable. So far in
1884 there have been a few minor
upward adjustments in retail
prices of farm equipment, but
nothing on a broad scale.
AS q result of governmental per-
suaSion, per hour wage in agricul-
tural machinery shops is very close
to 1929 levels. More important I'd
the manufacturer, however, is an
increase Of from is per cent to 20
per cent in raw material prices.
Farm equipment volume pres
emily Is far from mass production
levels which would allow the man
ufacturerS to digest this additional
burden with facility.
The Washington times., 1934-03-19
NEW f. TRADE.
NEAR DOUBLED

New business Of General Elec-
trio Company in the first quarter
Of 1884, running about so per cent
greater than in - like period
last year, is likely to come fairly
close to equalling the $37,9S5, ,790
Of orders booked by the company
in the final quarter of 1888.
Billings are sho ing a gain Of
similar proportions, and should
the rate of increase carry through
to the end of March, both orders
and billing be the greatest
for any first uarter since 1881.
Orders for the first three
months this year m. not show a
gain over those received in the
final quarter last year, but bill
ing5 should equal the total for the
latter period when they reached
the peak for the year at $39,2l1,.
122.
In the first quarter last year
General E..o-..ic booked $25,511,-
644 Of orders aid billed sales Of
$26,101,0 From this low point
for many years for both orders
and billings, volunc, expanded
until in the third quarter orders
booked rose to $43,733, ,4e9. but
eased off somewhat in the fourth
quarter to $37,085, ,70O,
The Washington times., 1934-03-19

dDOuL GQudL1GO "Ao
that Of the preceding week.
Bonds sagged in the last three
days, but held most Of their
earlier rise, closing higher than q
week ago.
No one can figure what will be
the result Of all the Intangible fac
tors in labor policies and policies
and politics now at work. But it is
apparent that as yet no heavy
selling has been caused by the
serious threats to business. and
this seems significant.
Perhaps the least encouraging
symptom is the downward path"
now shown by such market leaders
as Can, Steel, and du Pont since
the middle Of Fepruar. but, while
the averages show signs Of dipping
below the lower line Of their past
upward trend, they have also
shown pretty definite resistance"
at the 102 level Of the Dow Jones
"industrials." Under ordinary cir.
cumStances, I would not say that
a break is indicated.
But circumstances are not at
all ordinary. Evidently the mar
ket hangs upon developments at
Washington. Cotton hangs on
the Bankhead bill, wheat on
acreage control and Government
export schemes, sugar on "quota"
schemes, and general business
on NRA and labor policies. No
one can tell the next whirl Of
the experiment wheel.
NRA puts prices up by in
creaSing costs and monopoIis-
tic practices. Then organized
labor says I'VE want some,"
and the Government has en-
cOuraged them to 60 get It.
But IL labor gets more, prices
The Washington times., 1934-03-19
y: s.:s;o '; ;s N. Y. Curb Quotations :7s ss 81 81.

NEW YORK, March 10 Q.N.5.)
The curb market sagged quietly
today, as disquiettng reports on
the strike situation In the auto
mobile industry influenced further
dribbling liquidation.
Industrial issues were hard
pressed in spots, with Parker Rust
proof off ia at 69N, Newberry
off at 331a, Pittsburgh Plate
Glass off 17s at 4S1a, Aluminium
off ~ at II, General Tire off
Ia at "a, and Fisk Rubber off
y at 179s.
Utilities were off slightly, with
Electric Bond and Share down "a
at 17A, American Gas and Elec-
trio off "a at 25%, American
Superpower down 1s at 3B, and
Niagara Hudson Power off "a al
6Aa.
oils held narrowly. Alcohol
shares lost ground.
The Cities Service issues con-
tinued to meet buying around
previous support levels, the COM
mon at 8, off " and the deben-
lures at 45H, unchanged.
Curb bonds were irregular, with
the New York Central IS dropping
" to 1904.
The Washington times., 1934-03-19
Business Limited
In LiUerpOOL SPOT

LIVERPOOL, March 10 G.N.SO
There was little business in open
ing spots on the Liverpool cotton
market today. Prices were steady.
There were no receipts.
At noon, middling fair was
7.62d; strictly good middling,
It'd; good middling, 6.87d;
strictly middling, 6.72d; middling,
6.57d; strictly low middling, 6.42d:
low middling, 6.17d; strictly good
ordinary, 5.97d; and good ordi.
nary, 5.67d.
Futures opened quiet and steady
and at noon were quiet with quo
tations unchanged from the open.
ing. May was at 6.24d; July,
6.21d; october, 6.19d; and Ja1u-
ary. 6,2Od,
The Washington times., 1934-03-19
Business NewS
Spotlight

!. Wholesale commodity prices
continued their slow rise dur
ing the last week, going to their
eighth consecutive new high for
the year. .NewSprint produc-
tion for February was at the
highest level reached in four
years and 20 per cent above the
same month Of last year. 1888
Kodak was $4.76 . common
share, compared with $2.52 a
year ago, an increase Of 83.5
per cent -. Heyden Chemical
Corporation 1888 common divi-
dend equals $2.6S, compared
with S1.21 in 1882. Waltham
Watch Company, of Waitham,
Mass, is raising the wages Of
its 1000 employees 10 per cent,
effective March S.
The Washington times., 1934-03-19
Business Machines
Net Income L0Znex

For the year ended December
81. 1898, International Business
Machines Corporation reported
net income, including that from
foreign subsidiaries and branches,
Of S.. .736,424. after all charges and
Federal taxes. This is equivalent
to $015 share on 703 ,345 no
par capital shares now outstand-
ing, and compares with $6,407,-
7S7 or $9.11 a share reported for
1882 on the same capitalization.
Total employees Of the company
were increased on an average Of
23.8 per cent during the last six
months Of 1888. The average
hourly rate Of wages was increased
17.8 per cent during the year, due
to NRA Code operations, it was
reported.
Net current assets on December
81, 1888, we're $3,623,918 COM
pared with 1929, ,O26 ar the close
Of the previous year. the report
stated.
The Washington times., 1934-03-19
COTTON LOWER
IN DULL TRADE

NEW YORK, March 10 G.N.SO.
With little in the days news Of
a stimulating nature and with
grains and securities drifting
lower, cotton futures gave a dull
performance today, drifting be-
low last Saturdays final prices.
The market opened to s
points lower. Volume petered out
after an initial furry Of selling
orders, and the list gave way on
small offerings.
Southern and New Orleans
selling was combined with liqui-
dation by Japanese interests in
distant months and was suffi-
cient to overtop a weekend ac-
emulation of price fixing orders
from the trade. Liverpool bought
sparingly Of distant months and
there were scattered purchases
by Wall Street houses in small
lots.
Around the noon hour, futures
were off 8 to 10 points. May was
off 8 at 1905, July off 8 at 1915,
october off 10 at 1926, and De-
cember off 8 at 1898,
The Washington times., 1934-03-19
Chemical Prices
Generally Steady

Although there were a few re.
ductions in prices Of heavy and
fine chemicals in the past week,
there were more advances, accord
ing to the Oil, Paint and Drug
Reporter.
The effects in a general way
were fairly well balanced. The
pharmaceutical group showed a
slight decline. Demand continued
slow, with spottiness in some
fields. A better buying movement
was noted in export trade in in.
dustrial chemicals.
Tin salts were priced higher, fol.
lowing an advance in the price Of
the metal. Quicksilver prices
were further advanced, but this
affected few mercurials. Higher
quotations ruled for crude iodine,
tartaric acid, and the major tar.
trates. Menthol was the outstand-
ing item in the list at lower prices.
In comparison with average
prices in 1925 Gas 1000, the Re.
porter's index number is now 90.4
against $50 at this time last year.
The Washington times., 1934-03-19
:;.ssSs N. Y. Bond Quotations Vsss :ss::s: 5 '

NEW YORK, March Q GN.S0
A further slump in German gov
ernment obligations, and con-
tinued Improvement In U. s. Gov.
ernments were the highlightS Of
an irregular bond market today.
Reich loans broke to new lows
for the year, on indications that
some downward readjuStment Of
interest rates would be demanded
by Germany. The external rs
sold off about 2 points, and the
international 512s were off more
than q point.
Treasury Is was outstanding
in the Federal group. Treasury
4As and Treasury 37ss Of 4S
gained fractionally.
Rails were fractionally lower,
on the demands by the labor
unions for a restoration Of the 10
per cent wage cut. Losses Of less
than a point were sustained in
the Allegheny IS Of 80; Southern
Pacific AVS Of '68; Northwestern
4As; Nick plate 41as; and
Southern Railway 61as.
Investment grade loans were
easier.
BOND MARKET AVERAGES
- ~
The Washington times., 1934-03-19
Investment Trusts
Up SIightly in Week

Investment trust securities reg
istered a small gain during the
past week. The average for the
common stocks Of ten leading
management trusts, influenced by
the leverage factor, as compiled
by Allied Distributors. Inc, stood
at 1924 as Of the close March
16, compared with 1913 on
March 8.
The average of the non.leverage
stocks stood at 1920 as Of the
close March 16. compared with
1877 at the close on March 8.
The average of the mutual funds
closed at 11.40, compared with
11.33 at the close Of the previous
week.
The Washington times., 1934-03-19
Retail Price Index
Continues UpWQrd
BY international News Service

BY International News Service
Reatil prices continued their
upward trend in the past month.
according to the Fairchild Retail
Price Index. The index for March
/ at 89.5 is the highest since
August, 1881. During the last 60
days the general uptrend has been
accelerated, January showing a
gain Of 6 per cent over December
and February IL per cent over
January.
Despite the recent advance in
prices, very few items have been
put at replacement values and
retailers are somewhat cautious in
their price adjustments, it was
stated.
The Washington times., 1934-03-19
AcceptGnces Drop ~:
S2l,l99 in Month
By International NewD Service

BY International News Service
Bankers acceptanceS outstand
ing last month declined $21,190c
3s1 to $75O.127, ,OS7, the American
acceptance council stated today
The total, however, was still con.
siderably above a year ago. A
sharp drop in export and In
domestic warehouse bills was 70.
sponSible for the decline. 49,.
Robert H. Bean, executive secr@
tary Of the council, said that the
reduction in four of the six groups
Of bills reflected the greater desire
Of banks to use surplus funds in
over the counter loans. Bills
drawn to finance exports rose $8S.
584,846 to $97, ,878,877 and those
drawn to finance goods stored In
or shipped between foreign coun-
tries, increased $9.301.019 to 1884,.
3O0,O34,
The Washington times., 1934-03-19
Hupp Motor Loss
Cut Sharply in Year

Hupp Motor Car Corporation
report for the year ended Decem-
ber 81, net loss of Sits, ,588, COM
pairing with net loss of $4,515, ,482
in 1882.
Current assets amounted to
SIS, 1861 ,298 and current liabilities
were $1,106,837, compared with
current assets Of $7,283, ,420 and
current liabilities Of $1,074,133 at
end Of preceding year.
The Washington times., 1934-03-19

only q fraction
| o W er than q
W e e k ago. A
little rally on
M o n ay was
lost on Thurs
day, when the
Secretary Of the
Treasury Sa "
fit to chat about
silver, and the
proposed strike
affected auto
m . IL e a n d
steel S toe k 8.
The volume Of
ira ding just
AAA..A AAnnllnl
The Washington times., 1934-03-19
Hecln Mining Firm
Increases OUTPUT

NEW YORK.-The Hecla Min
ing Company in 1888 mined 175,"
421 tons Of ore and produced 49,
las, 400 pounds Of lead, $50. .692
ounces Of silver and 554,3 1866 pounds
Of zinc. This compares with 1872
$50 tons of ore mined in 1882 and
production Of 36,316,464 pounds OF
lead, 921, los ounces Of silver and
478, $40 pounds of zinc in 1882.
The Washington times., 1934-03-19
Alaska Juneau Net
Is NearLv Doubled
Nv TntermafIonoI Mar,

BY International News Service
Alaska Juneau Gold Mining
Company reported for 1888 a
profit of $1,497 1853 before deple-
ton, equal to 81 a share on /, ,491,-
TOO shares Of capital stock, COM
pared with $s20,370, or 81 cents
q share. in 1892.
The Washington times., 1934-03-19
SELLING WAVE
HITS. GRAINS

CHICAGO, March 10 (I.N.S).
A furry of selling disclosed a
lack of aggressive support in
grains today, values yielding
ground in a light early turnover.
Easiness in stocks and cotton
was the unsettling influence.
Near mid-SeSSion wheat was ~
to Ksc off, corn " to Rc off,
oats 70 to 1ac off, and rye 3sc
lower,
May wheat sold down to $3.50,
May corn 505sc.