davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
Newark Union Leaders
Will Speak at the Jersey
Thaelmann Rally Today

NEWARK, N. J.. Oc-. 16.-A "free
Thaelmann" demonstration t
which representatives from several
local labor organizations will speak
will be held at O'Clock tomorrow
night in Military Park, Broad
Street. here. The demonstration
has been called by the Newark
branch of the American League
Against War and Fascism.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
MISLEADER MOVES
TO DELIVER UNION
TO GOV. PINCHOT
Rank and File Opposition Proposes United Front
IF Members of Anthracite Union and U.M.W.A.
to Prepare Strike for Demands

WILKES-BARRE, Pa, Oct. 16.-At the special conven-
ton of the United Anthracite Miners Union of Pennsylvania
independently taking place in WkesBarre District Presi-
dent Thomas Maoney proposed peace PLAN between the
Anthracite Union and the United Mine Workers of America
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
STRIKERS WIN CASH PAY

SEQUIM. Wash, Oct. 16.-Strik-
ing because they we're to be forced
to take their pay in canned goods,
hundred Sequim cannery work
ers won the promise of cash for all
back pay and went back to work to
finish the stock on hand.
A Communist Vote Is a Vote
Against War!
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
L. S. GOVERNMENT
LOANS MILLIONS
TO MILL OWNERS
Federal Officials Grant Huge Subsidies to Textile
BOsses-NO Relief for Thousands of
Underpaid Textile Workers

NEW YORK OR.A)-Three mills in Chattanooga
Tenn district have received total of 1914 700 Recon-
structlon Finance Corporation loans They are W. B. Davis
& Son, Inc, Graysvle Hosiery Mills, and AycOck Hosiery
Mills The loans obtained through Textile Mortgage
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
New Orleans Furniture
Workers Vote to Strike

NEW ORLEANS, La, Oct. 49,
At meeting of Local IL of the Ma
tional Furniture Workers Indus
trial Union strike vote was taken.
the workers voted almost 100 per
cent to go out on strike, for bet er
conditions in the retail furniture
trade, and are asking the following:
Cd closed shop, (2) 36-hour week,
90 for time and a half for over
time, wi h double time for Sundays
and holidays, a. skilled men, rs
cents per hour; unskilled, so cents.
Conditions in the shops here have
not been anything like they should
be, not only have they been work
ing overtime but they have no.
been paid in proportion to the work
performed.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
Detroit. Mich.

WORKERS Movies Thursday. Oct. Is,
at Ferry Hall. i343 z. Ferry. Two shows
7-o and all 2-hour program Of real
living. working and fighting conditions
Of workers CT Califor-1s Adm 15c.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
PHILADELPHIA, Pa.

THE Philadelphia Workers Bookshop, ~
N. 9th ST. 2nd floor, announces the open
ing OF a circulating lbr7rT. Membership
$50. Rental on books &c 3 day.
REGISTER early Limited classes. Work.
ers School eo5 Chestnut St, 5th moor.
School opens Get. 29th.
THE nth Anniversary Of the Soviet
Union will be celebrated, in conjunction
with a mass Election Rally, on Nov.
at Broadway Arena, Broad and Christian
SITS. All working class organizations keep
this date open
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17

Fight Against Bonuses for Rich
Landlords and Starvation for Poor
Farmers by Voting Communist.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
AFFAIRS FOR THE
DAILY WORKER


Boston
James Casey, managing editor Of the
Daily Worker, speaks IT Dudley St.
Opera House, 113 Dudley St, Oct. a.,
P. NJ.
Los Angeles, Cal.
Annual Workers Press Concert, Sun
day. Nov at Mason Theatre, 1877 S.
Broadway. Concert Program. Promi-
nent speakers
Chicago, III.
Concert and Dance given by John
Reed Br. Two. No. 546. SUNDAY,
Oct. 21st at Folkets Illus. 1888 Hir5ch
Blvd
Halloween Party and Masquerade
Dance. Sat. Oct 2Tth at North Side
Workers Hall, 545 Wisconsin Street.
1900 North en- LarraSee Street,
Auspices: Unit 419 C. P.
Bunco Party and Dance given by Uait
4o4 at viking Temple. Sheffield Ave.
and School St. Thursday, Oct. 10, at
$50 pm. Good music.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17

Workers Who Vote Communist
Should Join the Communist Party.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
Brid0eDOrt, Conn

REPORT Of delegates to Second U. 5.
Congress Against War and Fascism VII
be given at a Mass Meeting at Amer-
ican-Russian Sokol Hall. 500 Hallett St,
Thursday. Oct 10. 8 pm.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17

Vote Red Against the Menace of
Fascism.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-17
WHAT'S ON
Grand RdDidS, Mich.

HARVEST Festival, Bazaar and Dance,
wednesday, Oct nth at Ls.D. Hall, 1857
Hamilton Ave NV Herman Curtis ano
mis- Colorsd Band. Admission 10 cents.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
Third of Loans
On Cotton
RepQid

Loans covering approximately
one-third Of the cotton on which
the Commodity Credit Corpora
ton and private lending institu-
lions have made advances to pro-
ducers under terms of the Ad-
ministration's 10 cents a pound
loan offer have been repaid, it
is estimated by officials.
While exact reports are not
available, repayments are roughly
estimated around 45,0O0,000. Of
this amount, over $25, 100000 was
repaid directly to the Credit
Corporation, the remainder being
repaid to commercial institutions.
A total of approximately $780,
100000, covering nearly 100000
bales, was advanced producers
under the terms of the loan. offer.
Loans made directly to the Com
modify Credit Corporation
amounted to slightly over half
the total.
The loans will mature on Feb
ruary /, 1885.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
STORES Of CAS-
ARE REDUCED

In week ended June %, reports
to the American Petroleum Insti-
tute indicate, the storage of fin
ished gasoline was drawn on for
$4,000 barrels, compared with a
withdrawal of 371,O00 barrels in
the preceding week. For the
three weeks ended June % the
net reduction in this storage was
1,412,000 barrels.
Operations at oil refineries reg
istered a further small increase,
the runs of crude oil to stills at
plants reporting averaging 2,420,-
600 barrels daily, the operating
rate rising to TIT per cent of
capacity from 70.4 per cent in
week ended June 26. The stocks
of gas and fuel oil had the larg-
est increase, $4,000 barrels,
thus far in the offseason.
Crude oil production, not in
GLIDING any surreptitiously pro
duced, declined 1850 barrels in
the daily average to 1902, 100 bar
relS Oklahoma and Louisiana
were responsible for the drop,
Texas and California continuing
to record increases. The output
continued excessive, being 1890
barrels above the June quota set
by OIL Administrator Ickes.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
COTTON PRICES
POINT UPWARD

NEW YORK, June % G.N.S0.
Strength in grains and silver
turned cotton futures higher to-
day, enabling the list to regain
virtually all of yesterdays 8-to-11
point setback.
The local market opened un-
changed to 5 points higher, or
about in line with Liverpool ca
bles, with trading during the first
half hour comparatively light. I'm
mediately after the opening Of
the Chicago grain pit, however,
there was an appreciate influx
of speculative buying whic h
brought futures to within a few
points Of yesterdays highs.
Wall Street, commission houses
and wire firms took cotton out
Of the ring in increasing quanti-
ties as the session progressed.
Domestic mills made price-fiXing
purchases. Japanese interests
bought. Selling was confined to
light Southern offerings and some
scattered local liquidation.
Noon prices were up S to 10
points, with July up at 1917;
October UP 9 at 1874; December
up at 1886; and January up 10
at 1858,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
AMERICAN
PAYS INITIAL

Directors of the Pan American
Anyways Corporation have author
lied a dividend Of Is cents, pay
able August l to stockholders of
record July 20. The action pro-
vides for the first distribution to
stockholders since the system was
organized seven years ago. The
dividend represents approximately
l per cent of the capital invested.
j. L. Trippe, president, said:
Mail, passenger and express
traffic over all lines has steadily
increased during 1884, rejecting
improved conditions in interna-
tional trade. In voting the syS-
TENS first dividend the direc-
tors were guided by a desire to
cooperate with the expressed
view of the administration that,
wherever possible, corporations
make distributions to their
stockholders in order to add to
the cOuntry's purchasing power
at this time"
Inc central POWER ana Light
Company resumed the payment Of
dividends with the declaration of
1874 cents on the per cent cumu-
lative preferred and 3712 cents on
the 6 per cent cumulative pre-
ferred stocks. Both are payable
August l to stockholders of rec
ord July IA. The company's last
previous disbursements were SINH
lar amounts paid on November
/, 1888.
Directors Of the Lerner Stores
Corporation declared a dividend
of $1.621a a share on the 6R per
cent cumulative preferred stock.
This is to cover the quarterly dis
bursement due on November !,
1882,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
GRAINS NOUN
WITH HEAT i

CHICAGO, June % G.N.SJ.
Another heat wave in many
parts of the grain belt en1ivened
bullish enthusiasm on the Board
OF Trade today and prices moved
up sharply under the leadership
Of corn in an active trade. Wheat
shot up &c. corn more than &c.
With corn standing to suffer
most from the soaring tempera-
lures, huge buying orders poured
into this pit and prices were bid
up to 615sc for the September
delivery for a gain of 21Ac be-
fore realizing slowed the upturn
Wheat moved up swiftly and
gained lac to 8212c for the
September delivery.
Near noon wheat was up ~
to 15sc, corn 17s to &c, oats 13s
to 11ac, and Rye "a to 1Ac,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
sso Y ss NJ Y. Curb Quotations ;s ss$s5s s, are:

NEW YORK, June 20 Q.N.S)
In a dull session the curb market
turned irregularly higher, with
the majority of shares showing
only small changes and with the
mixed tendencies prevalent in al
most all groups. Profit taking on
yesterdays advances weakened III
diVidual issues contributing to tie
uncertain tone of the market.
Utilities were fer the most part
firm although Niagara Hudson
Power declined "a point and
earlier gains in American Gas ana
Electric we're cut.
Oils we're higher for the most
part with Standard of Indiana
proving an active exception, dip
ping "a point. Humble Oil gained
"a point and Imperial held un-
changed while international Petro-
leum climbed fractionally.
Pittsburgh Plate Glass extended
slightly its original loss to IA
points. American Cyanamid B
followed with a fractional dip
while Glen Alden held unchanged
Liquors tended to easiness, Hi
ram Walker dipping "a point and
Distillers-Seagrams Is.
Lake Shore was the single active
metal share 70 register a more
than temporary change, gaining
Is point.
Atlas Corporation was entirely
neglected as has been the case
more and more frequently of late.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
POWER OUTPUT
BEST SINCE
APRIL, 1881

Production of the electric light
and power industry scored it's
third consecutive rise last week
to reach the highest level since
April %, 1881, figures compiled
by the Edison Electric Institute
reveal.
Output for the seven days end
ed June % spurted to 1,674,566,-
900 kilowatt hours against 1866
$4,000 in the preceding week and
the recent low of 1,575, $4,000 in
the June 2 week when the total
was cut by the Memorial Day
holiday.
Not only was a gain scored over
the preceding week but the indus
try'S production exceeded by a
large margin the comparable pc
riod in each of the last three
years, contrasting with 1885,
900 kilowatt hours in the June "a
week of 1888, 1,440,541 900 in 1882
and 1,634.935, 900 in 1881.
Increase Smaller
Notwithstanding the sizeable
advance and the new peak level
for the year, the margin of i'm
provement over 1888 was cut to
4.8 per cent against SIS a week
earlier and more than 10 per
cent as little as a month ago,
due to the rapid rise during the
summer business boom last year.
The best previous weekly total
this year had been 1,672,765, 900
XVIII in the April 81 week.
Output for the New England
region showed a decrease of 40
per cent from a year ago as COM
pared with a decline of 81 per
cent in the previous week, where
as the middle Atlantic district
registered a gain of 6.6 per cent
as against rise of 81 per cent in
the preceding week. The central
industrial area reported an in
crease of ST. per cent as against
a gain of 7.3 per cent in the week
ended June Is.
= West Central Gain
The West Central territory re-
corded a gain of IA per cent as
compared with an increase of III
per cent in the preceding week,
while the Southern States showed
a rise of 4.3 per cent as against an
increase of So per cent in the
previous week. The Rocky Noun
tain region reported a decline of
0.3 per cent, whereas in the June
Is week a decrease of OF per cent
was recorded. The Pacific Coast
registered an increase of 9.8 per
cent as against an increase of IA
per cent in the preceding week.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
Big Sugar Output
Hits Philippines

Serious overproduction of sugar
next year faces Philippine plant
ers. Gov Gen. Frank Murphy has
warned.
Growers, he said, are extern
sively overplanting the 193435
crop, "W@ch. if milled. would
yield two to three times the
quantity of sugar we can dispose
of in the States in 1885. 1t is
essential that milling be limited
to the amounts available under
ALLEGATION in 1885,"
Despite this prospective over.
production, the governor-general,
who is also sugar administrator
for the islands, said he would
not sub-allocate the insular quota
of 1,015,000 short tons among
planters during the current year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
Business News
Spotlight

LOadings of revenue freight
for the week ended June % are
expected to total about 1000
cars as compared with 17,649
for the Immediately preceding
week. Directors of Pan Ameri.
can Always Corporation have
authorized a dividend of rs
cents, payable August 1 to stock
holders of record July 20, the
first payment made by the COM
pany =. The drought situation
in Nebraska is reported to be
clearing up fairly well, except
in the extreme northwest, a few
central counties and in a double
tier of counties in southeastern
Nebraska. Food prices reflect
the downward tendency visible
in commodity markets generally.
dipping 2 cents according to
Dun & BradStreet, Inc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
6. N. EXPANDS
COOLING UNITS

Frigidaire Corporation, refrig
Grafton and air conditioning sub
sidiary of General Motors Cor
poration. through H. w. Newell
vice president in charge of sales
reports expansion of its line OF
air conditioning products to cover
virtually every type of application
in the home, office, business
hotel, hospital and in dus tria
fields.
Three new self-contained units
have developed in the corpora
tons engineering and research
laboratories during the last year
and following stringent field tests
are now being introduced nation
ally.
Marketing of the new products
will be through a newly formed
air conditioning division with j. j.
Nance, formerly sales planning
manager of the corporation, as
manager.
"The smallest of the self
contained series is a cabinet
type unit with 3s-tOn of re.
frigeration capacity per "a
hours and is suitable for the
average office or residence
room, in which occupancy is
normal" Mr.. Nance stated, "the
unit provides cooling, de-
humidification, circulation and
cleansing of the air. Price of
this unit is S34O, T. o. b., Day.
ton, installation charges extra.
"The second model in the
series is of similar design but
has A-ton refrigeration Ca
pacity per "a hours. This unit
has the same functions as the
other.
"Most spectacular of the self
contained series is the unit
with 2-3 of a ton of refrigera-
ton capacity that functions
the year round, cooling, de-
humidifying, cleansing and cir.
culating in the summer time,
heating, humidifying, cleansing
and circulating the air in the
winter time,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
u. S. Security Depreciation
Predicted By Professor

Industrial demand for capital
will force depreciation of Govern
ment securities, it is declared in
The Banking Situation" a study
of postwar problems and develop
mentS by Prof. H. Parker Willis,
Prof. John M. Chapman, and col
laborators, just issued by the
Columbia University Press
Discussing the debt situation,
Louis Shere, of the Columbia
School of Business, says that if
efficient production standards are
to be maintained a large part of
the available supply of capital
funds must soon be diverted into
industrial channels for replace
ments, betterments, repairs and
working capital. 1t is also clear,
he points out, that the Govern
ment is not yet through with the
capital market. Mr.. Shere, one
of the experts appointed by the
Treasury to conduct a financial
and revenue survey, asserts:
''The inevitable result Of the
combined industrial and gov
ernmentaI demand for capital
must be a hardening Of interest
rates which would depreSs bond
prices.
"OnIy a patriotic public dis
regarding its immediate business
interests by maintaining and
purchasing parcels of the public
debt can prevent the crumpling
of the Government security
prices, if in present circum-
stances the burden of Federal
financing is heaped up to the
extent of many more billions.
much of the public debt is
now held by the banks. Those
banks which will be compelled
to realize upon their Govern
ment securities In the near fu-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
EQUITY GROUPS
CHANGE SET-UP

Taking it's first formal step to
consolidate it's position in the
United Founders group and to
simplify the intercompany struc-
ture in that group, the Equity
Corporation has asked holders of
preferred stock of the American
Founders Corporation to ex-
change their shares for its own
common and preferred stock.
In connection with this step
the Equity Corporation has filed
another prospectus with the Fed
eral Trade Commission under the
Securities Act Of 1888. Including
four-page supplement covering
the period between June 5 and
%, the prospectus consists of
48 pages.
Equity also has made new
offers to the companies within
it's own group, including the In
terstate Equities Corporation, the
Allied General Corporation, Chain
and General Equities, Inc, the
American Colony Insurance Com
pany, the Germanic Fire Insur-
ance Company, the Colonial
States Fire Insurance Company
and the Majestic Fire Insurance
Company. All four insurance
companies were merged some time
ago into one, known as the
American Colony Insurance Com
pany.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28

ture will find it extremely diff.
ficult to do so except at q loss.
If the policy Of issuing q large
volume of new debt is under
taken and the public is encour-
aged to take up the securities
not with their savings but with
the aid of fiat bank credit, as
was done during the war, there
is real danger that, despite the
powers bestowed upon the
Treasury to support the Federal
securities with the $2,OOO,OOO,.
900 sterilization fund provided
in the gold bill Of January 30,
1884, price deterioration of Gov.
eminent securities may become
an Independent disturbing fac.
tor in the banking field which
is already crowded with all.
mentS."
The money market reflects the
easy money policy of the Fed
eral Reserve System and the
Treasury has been able to Dor
row at exceptionally favorable
rates. it is pointed out.
These rates are altogether
artificial. The country, along
with the rest of the world, has
passed through three and a
half years of business inactivity
during which the accumulated
savings of the population have
been deeply eaten into for con-
Sumptive purposes. The de-
preston has created a short
age of capital as truly as did
the war.
with the resumption of in
creased business activity there
can be no escape from higher
interest rates, which will tend
to depress the price Of United
States Government securities"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
Wheat Crop Seen
Cut, 1OO,OOO,OOO Blu,

The Department Of Agricul-
lures Economics Bureau esti-
mated today the new United
States wheat crop would be
about 1OO,O0O,O0O bushels short
of domestic requirements.
The bureau estimated world
wheat production, exclusive Of
Russia and China, in the 1934-35
season would be II per cent less
than the preceding year, and that
the world supply would be 3 per
cent less than in 1933-34.
It added the world supply for
1934-35 probably would be about
100000. 900 bushels less than that
of the previous season, saying
world prices which have risen
ARE likely to be maintained at
a level somewhat above that of
the past season."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
BANKERS OFFER
! NEW PENNSY
TISSUE SOON
Nv international News Service

Nv Interna tiOnal News Service
The most important piece Of
financing since revision of the
securities act will be announced
within the next few days when a
syndicate headed by Kuhn, Loeb
& Company will offer a long
term, low interest bearing bond
issue of the Pennsylvania Rail-
road Company.
The offering will consist Of $780,
100000 of that railroads A per
cent bonds, with a 40-year matur-
ity. 1t is understood that the
issue will be priced slightly un-
der par.
Declare Dividend
Meanwhile meeting in Philadel'
phia yesterday, directors of the
Pennsylvania declared dividend.
Earnings of the road for the
first half year are estimated at
the equivalent of 1.57 per cent on
the capital stock, it was stated
after the meeting. After Gus
tomary sinking fund deductions,
such earnings would be equal to
about 1.18 per cent on the stock.
Originally it was felt the new
Pennsylvania issue would be Of
fered in exchange for the $50, 000,-
900 of 15-year 612s, which mature
in 1896, but in view of the current
market value of the 1886 bonds
and the indicated offering price
for the new bonds, it is unlikely
that any such switch could be &C
complished.
To Reduce Debts
Rather the proceeds Of the new
financing will be devoted to reduc-
ton of the company's current
debts, it is now reported in invest
ment circles, thus paving the way
for additional financing at a later
date to take care of the 1886 ma
turity.
Several small underlying bond
issues of subsidiary companies
have been sold by the PennSyl-
vania to various bankers over the
past few weeks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
''; :Ss75 S;;;;'''' N. Y. Bond Quotations

NEW YORK, June % GN.S),
A moderate amount of irregularity
wasagain apparent at the opening
of bond trading today. Dealings
during the first hour were in mod
crate volume.
In the second grade railroad Sec
ton, the Northwestern 434s de-
clined about half a point, while
the 61as gained an equal amount.
Prime investment obligations
were in some slight demand, but
price changes were small. Illinois
Central 4As were unchanged,
while Consolidated Gas 4l2s were
up fractionally.
Foreign issues were quite with
the German liens steady.
United States Government is
Foreign issues were quiet with
the Liberty Fourth 4As off
slightly, while the Treasury 3As
of 1916 creeped upward.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-28
Vacuum Oil. Ltd,
Reduces C1Ditnl

Vacuum Oil, Ltd. subsidiary in
Great Britain of Socony-Vacuum
Oil Company, Inc, is reducing its
capital &1,000,00O by reducing the
FL shares to 8 shillings 6 Ct
pence each. Every seven shares
will be consolidated into three of
FL each. After the reduction,
capital will be restored to it's
present level of E1,750,00O by the
creation of 100000 shares of
FL par value.