davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-07-10
ACREAGE DROPS
81 PER CENT
FOR COTTON

The Department Of Agriculture
estimates cotton acreage in cul.
tivation July in the United
States at 2S,o24,0o0, which was
6e.6 per cent Of the 40,8S2,o00
acres under cultivation a year ago.
During 1888 cotton farmers
rented approximately 10,495,0OO
acres to the Government and
plowed up standing cotton. This
year approximately 100000 have
been rented to the Government.
The crop reporting board said
the 28,024,000 acres was 31.4 per
cent less than that on July l, 1888.
and 32.4 per cent less than the
average for the five-year period
1928-32 inclusive.
Two States Increase
The decrease from last years
figures ranged from IS per cent in
Georgia to SO per cent in Okla
homa. Arizona a nd California
were the only two States showing
an increase over 1888.
The western part Of the cotton
belt showed higher reduction
from 1888 than the Eastern States
due to the fact that relatively
high acreages were planted in
western States last year, the board
explained.
The drop was attributed chiefly
to the crop reduction program Of
the Farm Administration COM
bined with "the restricting influ-
ence" Of the Bankhead production
control act on planters who did
not sign voluntary reduction con-
tracts.
Smallest Since 1905
The acreage this year, described
as the smallest since 1905, was
about 100000 below the 1921
figure, the only year since 1905
in which less than 10000, 900
acres were planted.
The acreage of Pima Egyptian
long staple cotton in Arizona was
estimated at $4,000, compared
with $1,000 last year.
The estimated acreage under
cultivation on July l was 1854 900
acres, or 6.5 per cent, less than
the 29,978,000 harvested last year.
The Washington times., 1934-07-10
CLOTH MARKET QUIET

NEW YORK, July 10 G.N.S1.
Despite the upward rush Of raw
cotton prices on the bullish Gov
ernment acreage report yesterday,
the coarse yarn cloths market
today continued comparatively
quiet and dull,
A good deal of price checking
developed for the purpose Of
getting acquainted with any pos
Sible change Of attitude in selling
house quarters. Once it was as
certained that nothing important
had been done the average buyers
once more settled back to his
previous policy of watchful wait
ing. The belief persists, however,
that the cloths market is headed
toward firmness if not greater
strength.
The Washington times., 1934-07-10
Squirt. IN c. N.
SALES SHARP

Sales Of General Motors cars
and trucks to consumers in the
United States in June were 18.47
per cent apove those Of May, 1884,
and 1882 per cent above those of
June last year.
The June figure was 112,847
cars and trucks, compared with
95,253 in May, 1884, and 101, 1877
in June, 1888.
Sales to dealers in the United
States in June were 1879, an
increase of 1929 per cent over the
103,844 reported for May, 1884,
and Of 1884 per cent over the 99,-
956 reported for June, 1888.
Six Months Rise
Total sales to dealers in the
States and Canada, plus overseas
shipments, were 146,881, or 1857
per cent above the May, 1894,
total of 132,837 and 1928 per cent
over the June, 1888, total of 49,
701.
For the first six months of this
year sales to consumers in the
United States were 494,972, an in
crease Of 1881 per cent over the
sales to consumers in the first
half Of 1888.
Sales to dealers in the United
States in the first half of this
year were 592,867, compared with
427,762 last year, an increase of
1884 per cent.
Total sales for the six months
were 750,276, compared with 498,-
622 last year, an increase of 50.46
per cent.
Other Cars
Retail sales Of Plymouth, Dodge,
De Soto and Chrysler cars for the
week just ended totaled 1875
units, the second highest week in
the history Of the corporation.
The weeks total was 7.8 per cent
higher than that of the previous
week, and 10 per cent above the
same week Of last year.
Shipments of the four makes
to dealers in June totaled 64,588
units, against 1881 in May and
66.251 in June, 1888.
For the first six 1884 months,
shipments of the four makes to-
tailed 388,742 units, an increase of
170,975, or 70 per cent over the
same period Of last year.
The Washington times., 1934-07-10
Proctor e Gamble
Weighs Tax Rise

Proctor & Gamble Co. directors,
when they meet Tuesday for action
on the common dividend, will give
more consideration to the uncer'
tainties Of the tax situation and
the effect of this. on the soap
price and sales structure than
to the earnings report for the
fiscal year ended June 80, which
is scheduled to be released later
this month, and which probably
will show net profit after taxes
and ordinary charges Of more
than $4,000. 900, equivalent, after
preferred dividends. to slightly
above 81 share on the common
stock. This would compare with
$10,Sl1.32S, or $1.52 q share on
6,410,O00 shares, in the previous
year.
The Washington times., 1934-07-10
Business Neus
Spotlight

The New York Cotton Ex.
change membership Of G. E. ID.
Langley has been sold to John
L. Loeb, for another, for $17, ,O0O,
off $500 from the last previous
sale Steel operations for
the week beginning July 8 are
indicated at 27.5 per cent Of
capacity, according to the Amer.
lean Iron and Steel Institute
LOadings on the line Of
the Chesapeake and Ohio rail.
way in the week ended July fell
1.3 per cent from the correspond
ing week a year ago, as against
an increase of "a per cent in the
preceding week over the like
week Of 1888 A decline Of
8 per cent in employment in mis-
cellaneOus iron and steel plants
offset small increases in other
indtsuries in Cleveland during
June.
The Washington times., 1934-07-10
TAX ON WHEAT
To CONTINUE

The processing tax on wheat
will remain at 80 cents per
bushel throughout the new mar
keting year, Secretary Of Agri-
culture Henry A. Wallace reports.
Wallace said wheat growers
who agree to control production
next year will receive approx
mately $102,OO0,00O in benefit
payments. These payments will
be made in installmentS, 20 cents
q bushel to be paid next october
and 9 cents when the grower
proves he has complied with
terms of his contract.
The Secretary also said no ad-
ditional reduction below this
years production limitations would
be necessary, and that increased
planting might be allowed if it
develops that other nations are
not fulfilling agreements to con-
tinue production control through
1895.
The Washington times., 1934-07-10

Two things are necessary to eX-
pand bank credit: Cd The banks
must be liquid and confident in
their own strength, and (2), busi-
nessmen must further allay their
fears and regain confidence to
the point where they will dare to
think and plan ahead, Francis
Marion Law, president Of the
American Bankers Association, de-
clared Monday night over q
nationwide network in discussing
"the all.important question Of the
granting Of credit by banks" Mr..
Law spoke under the auspices Of
the Crusaders. He said:
Bank credits will increase
and money will 60 to work as
soon Is businessmen get over
their diSinclinatiOn to borrow,
and this will be when they
begin to see profits within their
reach. The number Of good
credit risks is increasing daily.
mot In my time have good
1OrrowerS been SO warmly wei
eemed at bankA IS they are
The Washington times., 1934-07-10
N. Y. Bank Securities
Din SLiqhtLu In Week

New York city bank stocks de.
clined slightly during the past
week. The aggregate value of 16
leading issues, according to Holt,
Rose & Troster, totaled $1.541.-
$4,000 on July 6, as compared
with $1.542,715,000 at the close Of
the previous week, a decrease Of
$4,000, or .05 per cent.
The current average yield Of
the 16 issues remains unchanged
for the week at $40 per cent.
The current market value Is now
1928 times their known book
value, and based upon current
figures they are now quoted at
an average of 1913 times their
known earnings, unchanged for
the week.
The Washington times., 1934-07-10
SURETY'S SALE
Up To COURT

New York State Supreme
Court Justice John e. Mcclellan
has signed q show cause order
returnable July 20 for a hearing
as to whether or not Superin-
tendent of Insurance George S.
Van Schaick shall accept o
$4,000, 900 offer for the purchase
Of the capital stock Of the
National Surety Corporation.
The National Surety Corpora
ton was organized April %,
1888, at the time the National
Surety Company was taken over
by the superintendent for re-
habilitation.
Justice McGeehan'S order fol-
lows an offer by the Haystone
Securities Corporation through
Charles Hayden, o director of the
new corporation, to purchase the
stock of the new corporation at
$50 q share provided it could be
delivered before July. 80, 1884.
Superintendent Van Schaick
sought an opinion from the court
whether to accept or reject the
offer or any other offers which
may be forthcoming before the
time the order is returnable.
Should the court agree to the
proposed sale on July 20, its
conSummation is conditioned
upon the consent Of the Recon
struction Finance Corporation,
to which the capital stock of
the National Surety Corporation
is pledged as collateral for a
loan.
The Washington times., 1934-07-10
GRAIN FUTURES
MOVE HIGHER

CHICAGO, July 10 U.N.SO.-
Stimulated by bullish advices out
Of Washington, grain prices
moved forward in a light early
trade today. Wheat and corn
each gained more than a cent.
September wheat moved up
1bc to $3.50 and corn gained
1bc to 58Ac, before buying
power subsidized.
Near mid-session wheat was
near the top, being B to 1hc
higher. Corn was 1h to 1hc
up, oats " to nc up and. rye
/ to 13sc UP.
The Washington times., 1934-07-10
RISE CONTINUES
FOR COTTON

NEW YORK, July 10 Q.N.S0.
Continuing the advance which
had its inception subsequent to
the Government acreage report
yesterday, cotton futures today
added to the previous days up
swing to $1.75, reaching the
highest levels since March 3.
Trading was only moderately
active, but comparatively small
buying orders were sufficient to
send prices higher due to the
absence of any important offer
ings. With Liverpool cables much
higher than expected, the local
market notched gains of 8 to 10
points at the opening.
These were later increased.
No rainfall Of any ,SiZeable
amount was reported in the
Southwest. Private wires reported
showers in Galveston, East Gulf
States and the Eastern Belt.
Rain was heavy in the central
part Of North Carolina.
During forenoon trading, there
was considerable foreign buying
Of distant months. The trade,
wire houses and the West bought.
Locals, New Orleans, spot firms
and brokers with Far Eastern
and Japanese connections, sold,
but their combined offerings we're
not too imposing.
Around midday futures were
up 18 to 10 points, with July up
18 at 12.43, October up 10 at
1888, and December up 10 at
1878.
The Washington times., 1934-07-10
v:,sa; :sss. r;;::..' ;s::: N. Y. Curb Quotations

NEW YORK, July 10 Q.N.S)
Stocks on the curb exchange to-
day displayed the first signs Of
activity in several weeks and
prices pointed higher in sympathy
with the strength on the big
board.
The possibility that the long
awaited summer advance might
be in the making brought traders
in on the buying side. Caution
was still the speculative keynote,
however, and advances were gen.
orally limited.
A furry Of buying in Electric
Bond and Share lifted it frac-
tionally and strengthened the rest
Of the utility division.
Mining shares firmed up after
early irregularity. There was q
moderate turnover in low-priced
issues with prices better all along
the line.
Montgomery Ward A was
strong in the specialties, rising q
point. Sherwin Williams con-
tinued in demand and hit q new
high for the year. Glen Alden
Coal and Greyhound were quiet
and steady, while Philip Morris
was better.
Oils continued to display a
firmer tone, but gains in such
favorites as Humble and Inter
national Petroleum were limited.
Standard Oil of Indiana was in
clined to lag.
The Washington times., 1934-07-10
Chicago Securities
/ Increase In Value

twenty-five representative
stocks listed on the Chicago Stock
Exchange had a market value at
the close of business for the week
ended July Z of $685., ,928,212, an
increase Of $108,020,837, or 1888
per cent, as compared with $751;
O7,375 at the close Of the previ-
Gus week, according to Paul H.
Davis & Company.
At the close Of the correspond
ing week year ago, the same IS
stocks had a market value Of $685.
410,413, indicating a decrease dur
ing the year Of 9,4SS,2o1, or
11.39 per cent.
The Washington times., 1934-07-10
Markets Volume
LOUeSt In 10 Years

The volume Of trading on the
New York Stock Exchange yester.
day totaled only 100000 shares,
the smallest day since June 2,
1924, when only 305,600 shares
changed hands.
Prior to that, the smallest day
this year was June 4, when $50 900
shares were dealt in. On May 20,
$50 900 shares were traded in.
The Washington times., 1934-07-10
ACTIVITY
R|SEREPORTED

A portion of last weeks decline
in steel operations is being re.
stored this week with rate indi'
Gated at 271a per cent of capacity,
according to the American Iron &
Steel Institute.
This is an advance Of Az points
or 1912 per cent on a tonnage
basis from the % per cent rate Of
operations reported for last week.
The drop of steel mill operations
last week had been the largest
ever recorded. It was due in part
at least to the complete shutdown
of many plants for the week be.
cause of the July 4 holiday.
The recovery this week is be.
cause of resumption of tt hos t
plants which had found the week
sufficient for the usual summer
shutdown.
The 271a per cent rate forecast
for this week compares with AT
per cent two weeks ago, 56.1 per
cent three weeks ago and $50 per
cent a month ago.
The Washington times., 1934-07-10
v'':?; :ii,:ssss S;:;;;s'' N. Y. Bond Quotations

NEW YORK, July 10 Q.N.S0.
Negligible fluctuations in rather
light trading characterized the
forenoon on the bond market
today.
Second-grade rails continued
irregular with the Chicago and
North Western convertible 4As
and the st. Paul adjustments off
fractonally.
Prime investment rails were
strong although some profit tax
ing was apparent with the Atchi-
son general IS off " at 103A.
Standard Oil of New York was
unchanged at 1031a, while the
American Telephone SIS Of 1860
lost a " at 110A.
United States Government obli-
cations were quiet and strong in
the initial dealings.
The Washington times., 1934-07-10
Holiday Reduces
FreiQht LOadinqS

Atchison, Topeka and Santa Fe
railway during the week ended
July z handled 23,820 cars Of
revenue freight, against 29,706
cars in the preceding week and
22,259 cars in the like week Of
last year, the road announced
yesterday. The July z week con-
tanned the Independence Day
holiday.
Chesapeake and Ohio railway
during the July z week handled
25,774 revenue freight cars
against 1859 cars in the preced-
ing week and 25,543 cars in the
like week of last year.
The Washington times., 1934-07-10
More Gary Utility
Bonds Deposited

More than two-thirds Of the
Gary Electric and Gas Company
bonds have been deposited under
the extension plan Of the COM
pany, according to officials.
A total Of $3.50, 900 par amount
has been deposited out Of the
$4,000, 900 issue. The company,
which is Q unit in the Midland
United System, also is seeking q
reorganization under the amended
bankruptcy laws.
The Washington times., 1934-07-10
Telephone System
Station Loses Cut
BY International News Service

American Telephone and Tele.
graph Company reports q net loss
Of 1880 stations during June
compared with a drop of $4,000 in
the same month a year ago.
The loss Of telephones in June
compares with a gain Of $4,000
stations in May and $4,000 in
April.
The gain in the first quarter Of
this year was 100000. This Is
the first time since August, 1898,
that a net loss Of stations has
been reported.
The Washington times., 1934-07-10
LONDON CLOSE

LONDON, July 10 G.N.s.).-strength
in British funds featured todays sess
sion of the London stock MARKET
which closed irregular.
British War Loan az per cent bonds
closed at the record price Of 104 LIS
pounds
British rails, tobaccos and oil stocks
were good and transatlantic issues
were frmer. Rubber stocks were
steady.
German bonds Argentine and Cana
dian rails textiles, mining stocks
and aviation issues closed weak.
The Washington times., 1934-07-10
Ford World Sales
Set 4-YeQr Record

World sales Of Ford passenger
carS and commercial units in
June totaled 101, ,661, the largest
June sales volume since 1880.
World sales :, June, 1888, totaled
5s,543.
June production in plants
throughout the world was SO, AS
as compared with 6I,912 q year
ago in June.
The Washington times., 1934-07-10
Sales Gain MARQUIS
For SpiegeL May Co.
By International News Sol

BY international News Service
spiegal May Stern Company's
June sales narrowed the gain over
q year ago, totaling 1,437 DOL
against $732.803 in June, 1888, an
increase Of 83.5 per cent.
In May, sales were 1888 per
cent above the same month last
year. Sales for the six months
ended June 80 amounted to $l1,-
O34, ,493, compared with 81, ,478, $40
in the corresponding 1888 period, q
gain Of 1863 per cent.
The Washington times., 1934-07-10
NEW YORK WOOL

NEW YORK. July 10 G.N.s.) .).-Woo1,
oteady, domestic fleece, unwashed, Ohio
4 Penn. 27@33, domestic pulled, secured
hasis, 65@sS, domestic Texas, clean
basis. Ss@s6, domestic territory. clean
Nabis. F@ea.
The Washington times., 1934-07-10
NAVAL STORES

NEW YORK, July 10 U.N.sD.-Pe-
troleum, quiet: crude Penn, 216@26S;
linseed oil. per pound. OF carlots;
turpentins easy. At; rosin. quiet, com
mon SIS.
The Washington times., 1934-07-10

ASSETS
1. Loans and discounts. $:,605,le8 10
2. OVerdrafts ............. 467 %
3. United States Govern.
ment securities. ........ l,773,1S7 50
4. Securities guaranteed by
United States Govern
mont as to interest
and/or principal. ....... 1000 90
5. Other bonds, stocks and
securities .............. 3.41312S ls
8. Reserve with Reserve
Bank .................. 4Ss.2Ss 50
TO- Cash in vault and bal
ances with other banks A2A.005 ~
II. Outside checks and other
cash items. 2,073 -
Is. Other assets. ............ 71,552 s.
Totals assets. .3S,77s,SS3 l3
The Washington times., 1934-07-10

VoIums This Year
80, ,960,611 Shares
The Washington times., 1934-07-10
FINANCIAL STATEMENTS
REPORT OF CONDITION
or the
MunseY Trust Company

0f Washington, in the District Of Coium-
bia. at the close Of business ON
June 80, 1894.
The Washington times., 1934-07-10

High Low 1:1S
Ct Az PIT 1st ...l125 I124h l124h
Greyhound Corp. 18h 1SM 1S%
Gulf Oil ........... IS 641s IS
Heyden Chem ,....... 32% 32% 32s
Hiram Walker ....... BAN 33h SAN
Hollinger Mines ...... Is In 1S
Horn (AC) .......... 2
Hudson Bay M&S .... 13b 1917 13M
Humble Oil ..........l 41Al 41bl AN
Imp Tob Ct Brit ..... 32h 32h 32h
Internal Pet ......... 27hJ 27hJ 27h
Kingsbury Brewer .... 8
Lake Shore Mines. SAX 64A SAX
Lehigh & Nav new. S% 8h 8%
Lerner stores ........ S1h s1h s1h
Libby McNeill & Libby 5h 5h 5h
Long Island 1t pfd A. 81 81 81.
Long Island 1t pfd B. 49h 40 49h
Louisiana Land ....... az 3RI 3h
McCord Rad B........ 5A 5& 5%
Merritt Chap ........l
Mont Ward ........ 119% I118 I119%
Nat Bellas Hess Inc >. 3A 3h az
Nat Dairy Pr pf A .. 100 100 100
Evening star., 1934-09-06
TYPHOON LEVELS
HOMES IN LUz0N
Thousands Devastated by
Intense Blow Across
Philippines.
BY the Associated Press,

By the Associated Press.
MANILA, September 6.-Thousands
Of residents In the Provinces of Ilocos
Norte and Cagayan were reported to-
day to have been left homeless after
one of the regular seasonal typhoons,
much more severe than usual, had
swept over the northern tip of Luzon.
While no loss of life was reported,
hundreds of fiimsily constructed
homes collapsed under the force Of
the tropical storm, or were washed
away In floods. Six inches of rain
fell in some places.
Latest reports indicated the dis
turbance had struck Southern For
mosa and was moving toward the
northwest.
Accurate data on damage to the
rice and tobacco crops, principal prod
ucts of the Northern Luzon region,
awaited restoration of wire commune
cations. Roads and bridges were left
in impossible shape.
Reports said the typhoon had ragged
two days, leaving Laoag, capital of
Ilocos Norte, and other towns in the
area without electrical power, their
only connection with the outside
world the government radio.
Evening star., 1934-09-06

Sir Henry, famous conductor Of
the promenade concerts at Queens
Hall, revealed recently how he had
hoaxed the musical world for five
years. He was displeased' at the
criticism British composers and
musicians usually received, COM
pared with the lavish praise be-
slowed on any one with name
ending in "sky" So in October,
1929, Queens Hall gave Bach's
organ toccata and fugue in D
minor, transcribed for the full
orchestra by Paul Klenovsky" of
Moscow. Replying to questions as
to who Klenovsky was, Sir Henry
wrote: "It is a great pity this
young man has died. His tran
scription shows the hand of q
master in every bar"
Wide World Photo.
Evening star., 1934-09-06
HAzEN ACCEPTS BID
TO FETE OCTOBER |
Parade to Be Held by Southwest
Washington Citizens Civic
and Business Groups.

Commissioner Melvin G. Hazen
has accepted an invitation to the
parade sponsored by the Southwest
Washington Citizens Civic and Busi-
ness Mems Associations, to be held
October /, in celebration Of the reded-
ication of Fourth street southwest.
The date originally announced as Sep
tember II was changed, because re-
cent rains delayed work on the streets
completion.
There are to be prizes for the best
marching units and bands, best deco
rated floats and automobiles and fun
niest automobile. All funds received
exceeding expenses will be turned over
to No. precinct for disbursement to
the needy Southwest residents.
Harry s. Wender, chairman Of the
Parade Committee, headed the dele
Evening star., 1934-09-06
8O2 SCOUTS IN CAMP.

Vacation Groups Consume Vast
Quantities of Food.
With 500 campers and leaders
participating during its nine weeks
existence, Camp Roosevelt, Boy Scout
camp on Chesapeake Bay, completed
its sixteenth season recently, after
recording the largest attendance of
any year.
During the course of the Summer
camping season members of the camp
consumed prodigious quantities of
food, including 14,500 quarts of milk,
$500 pounds of bread, $50 water
melons and many other foods.
Evening star., 1934-09-06
Pilots License Stolen.

AMBRIDGE, Pa. R).-Capt. Will
liam Pollock, pilot of an Ohio River
excursion steamer, believes it isn't
safe to leave anything lying around.
He reported to police that some one
stole his pilots license, frame and all,
from the cabin of his ship. It has no
value to any one but himself.
Evening star., 1934-09-06
SLAV "DILLINGER" SLAIN
Peasants Kill Public Enemy With

Peasants Kill Public Enemy With
Bloody Record.
BELGRADE, Yugoslavia, September
6 (R.-They got this former Serbian
territory's "Dillinger" yesterday.
Peasants near Cupria, in Southern
Serbia, shot him down in gun battle.
after gendarmes sent after the bad
man time after time had returned to
report failure.
Eighteen murders in his home town
alone were attributed to the killer,
whose name was Babaljic. Since he
was 16 years old he had terrorized a
wide section of mountainous country.
A member of Babaljic's gang es-
capped into nearby woods severely
wounded, the peasants reported.
Evening star., 1934-09-06

CATION which called on Hazen yes
terday. Others with him we're Lewis
Levy, chairman Of the Decorations
Committee; Andrew Peterman, chair
man, and John Hamburg, associate
chairman. Of the Ways and Means
Committee.
Evening star., 1934-09-06
CORTLAND FITzsIMMoNs

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