davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-07-09
MERGER
BELIEVED NEAR
High Low Il:1S

Reports that Republic Steel Cor
poration, third largest in the in.
dustry, is planning to acquire
within a week the Corrigan, Nc
Kinney Steel Company, Of Cleve-
land, for a total consideration Of
approximately $33, ,000, 900, are cur
rently heard in steel circles.
It was understood Hayden Stone
and Company, Of New York, is
handling the financing.
The steel district also heard Re
public is considering acquisition Of
Otis Steel Of Cleveland at a later
date in a deal which would in
volve probably $2l, l,OO0,00 addi-
tional. Otis directors are said to
be considering an offer on this
basis, but have not indicated
whether they will accept.
Acquisition Of Corrigan-McKin'
ney would presumably include two
subsidiaries, the N. & G. Taylor
Company, of Cumberland, Md, a
tin plate plant, and the Newton
Steel Company, which makes au-
tomobile body and enameling
sheets in plants at Monroe, Mich,
and Newton Falls, Ohio. In its
Cleveland plants, Corrigan-McKin-
ney operates blast furnaces, coke
ovens and steel mills, and is a pro-
ducer of pig iron and Semi-finiShed
and finished steel products.
Republic, formed by a series Of
similar mergers arranged by Cyrus
S. Eaton, Cleveland financier,
when he was at the peak Of his
power, has main plants in Youngs.
town and Canton, Ohio: Birm1ng-
ham, Ala, and in the Pittsburgh
and Chicago districts. It has iron
ore reserves estimated at 122, ,000,-
600 tons, and coal reserves eSti-
mated at 165, ,000.0 tons.
Reports also were in circulation
that the General Motors Corpora
ton is negotiating for the pur-
chase of the Newton steel plant at
Monroe. Only few months ago,
General Motors was reported ne
gotiating for Corrigan-McKinney
but the deal fell through.
Although terms Of the Repub-
lies supposed deal with Corrigan-
Mckinney have not been an
nounced, the steel district heard
that Corrigan would sell its plants
to Republic for SIS, ,O00,0 900 in first
mortgage bonds on the Corrigan
properties, guaranteed by Repub-
lie, and also would get preferred
and common stock sufficient to
make the purchase price, at pres:
ent stock values, a total Of about
$50, 900, 900.
The Washington times., 1934-07-09
Economists Would
StandQrdize Terms

An attempt to Standard1Ze eco
nomic Technology and to secure
agreement on the fundamentals
of economics has been started by
group Of economists through
the formation Of a committee on
economic accord, 1t was an
nounced by DR.. Willford I. King,
professor of economics at the
School Of Commerce, Accounts
and Finance, Of New York Uni
versity.
Dr.. King announced that 100
economists from colleges and uni
versities in all parts Of the coun-
try had already accepted an in
vitation to join the committee.
The only obligation undertaken
by members is that they have
agreed to fill out with reasonable
promptitude from three to five
questionnaires a year. DR.. King
said
The Washington times., 1934-07-09
FUTURES
MOVE LOWER .

CHICAGO, July 8 UNYS).
Grains were easy in today's deal.
ings on scattered selling and lack
Of aggressive support.
Near midsession wheat was Ac
to 1c off and around the low,
corn Ac to Nc off, oats Nc to
3zc down. and rye unchanged to
Nc off. ="
Trade was quiet with specula-
tive activity held in check by
uncertainty over the Government
crop report forecast, due after
the close tomorrow afternoon.
September wheat sold down to
SS1ac, September corn 573sc.
The Washington times., 1934-07-09
PAY Up
IN CHICAGO

A new wage agreement increas-
ing the pay of motormen and
conductors on the Chicago Sur
face Lines 80 cents an hour was
approved Monday night by Divi-
sion No. 241, Amaleamated AS
sociation Of Street Electric Rail-
way and Motor Coach Employees
of America. The increase will be
retroactive to June when the
old agreement expired. In ad-
dition, beginning next fall all
trainmen will be paid for a mini
mum of eight hours instead OF
the 71a hours they were reduced
to in 1881.
The additional cost is in ex-
cess of 100000 a year.
During the depression" Guy
A. Richardson, president, said,
"the men voluntarily accepted
a 7-cent decrease in wages and
some changes in working con-
ditions. Now that the trend in
riding is upward and there Is
ground to hope for continued
business improvement, the man.
agement felt there was justifi.
cation for restoring to the men
part of what they had relin. .
guished at q time when we had
lost approximately Onc-fOurth
of our business"
The Washington times., 1934-07-09
cotton PRICES
POINT UPWARD .

NEW YORK, July 8 I.N.S0.
Cotton futures displayed a firm
tone in moderately active deal
ings today. The advance was
tempered somewhat by the pend.
ing Government acreage report
due at noon, with traders wary
of taking on new commitments
before the figures are made pub
lie.
The market was steady at the
opening, showing initial gains Of
two to four points on Liverpool
cables that were q half.dozen
American points above due prices.
These gains were augmented later
by private reports Of continued
hot weather in Texas and q map
that showed no rain of conse-
quence over the weekend in the
belt.
The trade, Wall Street, Liver
pool and commission houses were
buyers during the forenoon. Offer
ings were traced to the South,
spot firms and brokers with
Japanese connections.
Noon quotations were up 8 to
10 points, with July UP 10 at
1913; October, up 8 at 1913; De-
cember, up 8 at 1927, and Jan
uary, up 8 at 1924.
The Washington times., 1934-07-09
y:ss; :sSss ';s::::' :s::::' N. Y. Curb Quotations

NEW YORK, July 8 U.N.S)
The Curb Exchange was quiet and
steady today as a waiting atti-
tude continued to dominate specu-
lative circles. Price changes were
limited and the undertone was
firm, rejecting the better news
over the weekend and the recent
improvement in sentiment.
Early quotations were some
what lower but a hardening
tendency developed as the session
wore on in sympathy with the
uptrend which developed on the
big board.
Chemicals were firm, American
Cyanamid B ruling around the
high on the current advance.
Sherwin williams was higher.
Utilities did little more than
mark time. Electric Bond and
Share was down slightly on profit
taking but tie rest Of the group
was steady.
Liquor shares were unsettled by
the drop of more than a point in
Hiram Walker.
Glen Alden Coal steadied after
its decline Of the last two days.
Oils were quiet and ruled around
their previous close.
The investment trust division
showed no changes Of Importance,
with Atlas Corp. a steady issue.
The mining shares continued to
be without trend.
The Washington times., 1934-07-09
Districts
In Default

The Bond Buyer estimates
that, with certain reservations,
2,O4S local governments were in
default on March /, 1884. OF
these governmental units $50
were cities and towns, 42O were
school districts, 343 were cOun-
ties and 1886 were reclamation,
levee, irrigation and drainage
districts.
Seven States are entirely free
Of defaulting districts, while
Maine reported only l, COnnec'
ticut and Nevada 2, New York
and Virginia 3, and Kansas.
Minnesota and Wyoming 5. On
the other hand, seven Safes re-
ported more than 100 districts
in default.
The Washington times., 1934-07-09
Hog Market SlOU
And BiddinQ LOlUeT

CHICAGO, July 8 GN.S0-
The best hogs were reported at
$4.90 today, but statesmen were
holding some at IS. The market
was slow as buyers wanted lower
prices and statesmen were holding
for steady rates.
The supply of cattle was $4,000
which included 5000 cattle and
calves. sent direct to packers on
Government account from the
drouth section. The supply Of
regular market cattle was not ex-
cessive and strong prices were
asked for the best steers. Cows
and heifers were steady.
The steep market was steady.
The Washington times., 1934-07-09
Y0UNGSTOWN'S
STEEL RATE
TO CLIMB

Steel output in the youngstown
district at the start Of the com.
ing week viii rebound to 80 per
cent Of capacity from the current
20 per cent rate. The gain is
due to resumption at the three
valley steel plants.
The 80 per cent operating rate,
comparing with 50 per cent two
weeks ago, is due to actual re-
qnirements Of buyers from
Youngstown mills. In the like
week Of 1898 valley mills were
operating at 81 per cent, two
years ago at 16 per cent ana
three years ago at "a per cent.
Mill managers see some further
rebound in production likely be-
fore the end Of July, but month
Of production under 40 per cent
dS not improbable. Doubt is ex.
pressed here as to the wisdom OF
the move in some quarters to
reduce steel prices.
Tentative schedules for valley
mills show that % to 80 open
hearth furnaces will be melting
in the Mahoning and Shenango
valleys in the coming week, COM
pairing with IL currently.
Carnegie 40 Per Cent
Carnegie Steel Company opera
Hons in the youngstown area
will increase from zero currently,
as far as ingot output is con-
cerned, to around 40 per cent Of
capacity. The increase, again
placing Carnegie activity above
the average for the valley, will
come as a result Of reopening Of
both the Ohio works and the
Farrell plant for part operation.
Carnegie's valley operations a
year ago were at 80 per cent, two
years ago 80 per cent and three
years ago IS per cent.
The Ohio works, reSuming pro
duction after one weeks idleneSs
is expected to show seven or eight
furnaces in production, while at
psast one and perhaps two blast
furnaces will start melting. In
addition, the Ohio works bessemer
may work during the week and
virtually all departments at the
Ohio works will see a rebound in
production. Shipment Of artomo
bile shapes is a factor in Carne
Eie'S schedules here.
Meanwhile Carnegie will re-
sume production at its idle Farrell
works, where three or four open.
hearts Of the Is available will go
into production. Seven were melt
ing steel prior to last weeks shut
down. One blast furnace is re.
suming production Of hot metal at
the Farrell works.
Sheet and Tube
Youngstown Sheet and Tube
Company will increase operations
I'm its finishing mills here and will
maintain ingot production at the
rate of last week. The company's
tentative schedule shows that five
of its "a openhearth furnaces in
the Mahoning Valley will be melt
ing and that its bessemer plant at
the Campbell works will remain
idle. Sheet and Tubes operating
rate will be 20 per cent.
Production is being resumed in
Sheet and Tubes butt and LAP
weld pipe department and in the
sheet department. At least three
fire Welding pipe furnaces will
operate by Wednesday and two
samless pipe mills will continue
in production. In a sharp rebound
in sheet production, the company
is reopening its Campbell works
and also is expected to have some
operation during the week at its
Brier Hill Sheet Works.
The Washington times., 1934-07-09
'Kresge Co. Sales
Rise IFS Per Cent

The s. 8. Kresge Company in.
creaseS sales in June 11.8 per cent,
from $10,304,867 in June, 1888, to
$11,522 ,566. Sales for the six
months ended June 80 amounted
to $63, ,291, ,643, against $54. 726,07S
in the corresponding period last
year, an improvement Of 1875 per
cent. At the end Of June, the
company had 679 American and
a Canadian stores, or q total Of
T23 stores in operation, compared
with q total Of 71S stores . year
earlien
The Washington times., 1934-07-09
Armour's New Substitute
Stock Is Listed Today

had more rights in the recapi-
talization whereas the A and B
hloderS were obliged to exchange
their stocks the moment the plan
was approved. Along with the old
preferred went certificates of de-
poSit in this issue, which were
put on the list.
The liStingS were accompanied
by some confusion, with one
transaction in the A shares which
was later cancelled. This brought
another notice from the exchange.
telling Of the substitution Of the
new common for the A and B
stocks and notifying members to
advise the specialist Immediately
regarding open orders heretofore
placed in these issues
The Washington times., 1934-07-09
LALLEY LEAVES
SPRINGFIELD
BY international News Service

BY International News service
w. H. Lalley resigned as presi-
dent of the Kelly Springfield Tire
Company in a surprise move
which eliminated the bitter inter
nal battle in the company.
His resignation was announced
after a meeting Of the board OF
directors. Mr.. Lalley is in Europe
on a vacation and official denials
were made at the time Of his sail.
ing that he would quit before his
return.
The board also announced that
D. r. Weldon was resigning as
vice president. Mr.. Weldon went
on the board as one Of the two
representatives of minority stock"
holders in May and was imme-
diately made vice president.
MI. Lalley was succeeded as
president by Edmund s. Burke,
senior vice president Of the COM
pany.
Internal dissension in Kelly
Springfield broke out into the
open early this year following
resignation Of a number Of Off
cials when a stockholders group
launched a proxy battle directed
at Mr.. Lalley and the manage
ment.
The Lalley group won by a
small margin at a special meet
ing in March, 1884 votes to
235, 1924 for the opposition. This
resulted in the later compromise
on the makeup Of the board
which saw Mr.. Weldon join the
company.
The Washington times., 1934-07-09
Atlantic Refining
EARNINGS Increase

Atlantic Refining Company will
show earnings for the second
quarter of 1884 substantially
higher than those reported for
the preceding quarter.
Net also will be above actual
profit from operations in the
second quarter Of 1888, although
statement for that period was
obscured by the extraordinary
profits resulting from the sale Of
the Union Atlantic CompanX
The Washington times., 1934-07-09
Cash Register
Sales Spurt
0OReRnment

Substantial progress Is being
made by National Cash Register
Company in volume Of business
and In earnings, with about
half Of the 1884 business be-
ing export, officials indicate.
Domestic and overseas sales In
creased IL per cent during the
first five months, rs compared
with the like 1888 period, it was
stated.
Domestic sales in June t0taled
about $2,O7S,OOO, comparing with
$1,16O, 900 in June last year, m
increase Of 71.3 per cent, while
May domestic sales were $2,2OOs.
600, - against $1,63S, SIS In the
same 1883 month. . rise Of 3S
per cent,
The Washington times., 1934-07-09

NEW YORK, July Q .GN.S0.
Approval Of the Armour & Com.
pany recapitalization plan on
Friday today brought the listing
Of the new common and $6 con-
vertible prior preferred stocks.
which were issued in exchange for
the 81 preferred Of the Illinois
company and the Class A and
Glass B shares.
The issues were removed from
unlisted trading on the Curb Elk
change. where they were dealt in
for several weeks.
The listing on the big board
involved the automatic dropping
Of the A and B shares. The old
preferred remained, however, the
exchange explaining that these
The Washington times., 1934-07-09
Gas Sterilization
To Boost EarHlinqS

The gasoline price stabillZation
which is being under
taken by the major oil companies
under direction of the national oil
administration, is showing un-
usual progress and will undoubt-
edly be a factor in increasing the
earnings Of the leading oil com.
panies in the final half year, it
is predicted in the current num-
ber Of the T. S. Hose Petroleum
Review.
The Washington times., 1934-07-09
UTILITY PAYMENT

Public Service Company OF
Colorado has declared the regu.
lar monthly dividends Of So 1.3
cents on the 7 per cent preferred,
so cents on the per cent pre-
ferred and Al % cents on the 5
per cent preferred stocks, all pay
able August / to stock of record
.1lllv ID,
The Washington times., 1934-07-09
Bonds Up in Value
For Latin America

Representative Latin American
bonds showed an appreciation Of
as per cent during May, accord
ing to the Foreign Bond ASSo-
ciateS, Inc.
All foreign bonds deprecated
IA per cent, based on the so
included in the index. The 80
European bonds fell SO per cent
largely, because Of the break IN
German issues.
The Washington times., 1934-07-09
". Y. Bank Stocks
June RaH1Qe NarrOlv

Fluctuating within q narrow
range, New York city bank stocks
held steady during June, Holt,
Rose & TroSter report. The
weighted average Of seventeen
issues rose from the months low
Of 5126 on June 2 to q high Of
53.44 on June 8.
The close on June 30 was
slightly better than the low at
51.6l.
The Washington times., 1934-07-09
PEABODY REGULAR

Cluett, Peabody & Co. has de.
clared the regular quarterly divi-
dend Of IS cents on the common
stock, payable August to stock
of record July 81.
The Washington times., 1934-07-09
REGULAR QUARTERLY

Phillips-Jones Corp. declared the
regular quarterly dividend Of
SITS on the preferred stock, pay.
able August / to stock Of record
July 20.
The Washington times., 1934-07-09

THlghI Low I 10
Brewing. .....l ISL 11%I liz
Lehigh C & Nav new. 81 So SS
Leonard OI.......... 'SI v y
Libby McNeill & Lib.
Lone Star G,.......... 5hI Sal 5h
Louisiana Land. ....... 3bI 3h 3h
Maryland Casualty. 2
McWilliams Dredge.... Fl 81 Fl ,
Memphis NC. 3kl an az
Michigan Sugar .....s IN IN IN
NJ JudSon Voehringer. IL IL IL
Mohawk Hud Is 1st pfl 50h so 5Oh
Montgomery Ward A.. lib 11S 118
Moore DR. Forge A....l IL. IL IL
The Waterbury Democrat., 1934-04-25
By Blosser
A BIG HELP!
first, please come with

here. but, first, please come with me.
 'I'll show you through my home, and then I'll get back to my work again. If you'll play with my chill dren, they'll be happy as can be-"
 The Tinies found the strange home was an interesting place because they never had seen any, thing just like this monstrous shoe.
 For quite time they looked around. Then, out of doors, they shortly found the woman's tots, and one said, We've been waiting here for you"
 That's fine," cried Dotty Join me, now, and l will gladly show you how to play the game of ring around the rosy. It's real fun."
 The tots laughed when the game began, and round and round they gaily ran. Then, one by one. they dropped out cause they grew too tired 10 run.
 (Copyright, 1934. NEA Service Incl
 (Scouty startIes Little Boy Blue In the next stOry.l
The Waterbury Democrat., 1934-04-25

''Imagine that! A big shoe home. It seems, no matter where we roam Ne see lot of real strange sights, |, said Goldy, with a grin.
 T wonder if the. woman who hves in the funny-looking shoe will let us pay a visit. would love to just peek in."
 Said Mother Goose, "Of course Ghe will. She's very kind. Just wait until you meet her. Then you'll lknow that am absolutely right.
 sThere's one thing sure! With cut . doubt, she'll have to chase her youngsters out to let all of you Tinies in. but that will be all right.
 "You see. she has wee tots ga lore. There simply is no room for more. But, come. we're wasting lots of time. I'll call the woman cut"
 Soon everyone was introduced, md Scouty said, T guess you're Vsed to seeing lots of tots. Do you mind if we play about?"
 The kind old lady of the shoe maid, sEGercy, mol Why. all of you aAn do jast 1T you please round
Evening star., 1934-01-14
Junior League Ball Feb. 9
Offers Unique Feature

Arrangements for the Junior League
"Wear Something New" Ball at the May
flower February 9. are nearing compile
tion as the result of a meeting of spon-
sors of the affair recently.
The ball. which is expected to be one
of the most interesting social events of
the season. will be for the benefit OF
Childrens' Hospital and other pet chari-
ties of the Junior League. Also, 1t will
have the added purpose Of putting back
to work many unemployed in the max
The full list of committees appointed
to direct the various activities Of organ
ization are: Chairman, Mrs. Eliphalet
Andrews; vice chairman. Mrs. Benjamin
Thoron; Advisory Committee, Mrs.
George Rowland Chase and Miss Anne
Carter Greene. Mrs, j. w. Fulbright
was appointed chairman Of the Pro-
gram Committee. An anonymous N. r.
A. official has donated 500 to be dis
tributed in cash prizes to unemployed
artists who will submit designs for the
program cover.
The Publicity Committee Of the ball
will comprise Miss Caroline Thompson,
Mrs. Allan ]. Kirk and Miss Olivia
chairman of the Personnel Committee.
Patronesses are Mrs. G. c. Glover, jr..
and Mrs. David z. Finley. Boxes are in
charge OF Miss Katherine wilkins.
Chairman Of the Tickets and Invitation
Committee Is Miss Cecil Lester Jones.
Miss Emily Mackall is treasurer. The
Committee on Arrangements will include
Mrs Theodore Noyes and Mrs. Carl
KurtZ.
Mrs. Samuel Beach Is chairman Of
the Fashion Show Committee. In ad-
dition to the fashion show tentative
plans are for two floor shows Of 80 min
utes each and a cabaret in which Junior
League members will participate.
Evening star., 1934-01-14
District of Columbia
Pen League Tea

Tomorrow afternoon the District Of
Columbia League of American Pen
Women will entertain with fellowship
tea in their studio in Stoneleigh Courts.
Mrs Edna Knight Gasch will act as
chairman and Mrs. John Mock will be
hostess to the Pen Women and their
guests.
An interesting program has been ar
ranged for the meeting. Mrs. Bess
Heath Olmstead. who Is holder of one
of the Isabel Anderson prizes. will give
a vocal solo and will be at the piano
during the revival of old songs inter-
lude. in which all present will partici-
pate.
Mrs. Phyllis Gallagher Moore. the
versatile authoress and chairman of
the fiction group, will read one of her
original short stories. Mrs. Oreon Marie
Mckee will read an original poem ac-
companied by Mr.. Reginald Newton,
who composed the musical background
for the poetry.
Mrs. Mock will be assisted by Mrs
Hedrick. DIR. Julia Schelling, Mrs. James
Irving Steel. Mrs. Edward c. Stone
Mrs Redwood Vandergrift, Miss Rosa
Pendleton Chiles. Miss Ruth Peterson
and Mrs. Jesse F. Sprinkle.
Wednesday, January IT. the Salon
Franchises will meet at $50 o'clock. at
which time Nine. Felian Garzia will
present Dr. Andre Beneteau of Paris,
France, who will speak on the French
poets. DIR. Beneteau will tell Of their
work and recite some of the best loved
French poems.
The musical program for the eve
ming will be given by Miss Ann Sugar,
Evening star., 1934-01-14
Republican Women's Lunch
At MayAower January %

The League Of Republican Women
will hold the second Of its formal
luncheons at the Mayhower Hotel In
stead of at the leagues headquarters,
as originally announced, on Tuesday.
January %. at ! O'Clock. Reservations
for the luncheon may be made through
Mrs. james E. Barnes. Westchester
Apartments.
Mrs. Paul Fitz Simons, national COM
mittee woman from Rhode Island, Will
be the guest speaker.
Among those making reservations
are: Mrs. Frank w. Mondell, Miss Vir-
ginia White Speel, Mrs. Gilbert H.
Grosvenor, Mrs. Edward A. Keys, Mrs.
Harry E. Hull, Mrs. James Wentz, Mrs.
Estelle Douglas, Miss Edna Patton, Mrs.
Lucy Cash, Mrs. Mary Butt, Mrs. Cabot
Stevens, Mrs. M. B. Mark, Mrs. F. L.
Williams, Mrs. Warren j. Haines, Mrs.
H. M. Fulton, Mrs. James Carroll Fraser,
Mrs. James r. Mann, Mrs. Albert Stahl,
Mrs. j. L. Lansdale, Miss Grace H.
Rogers, Miss Mary Louise Clement, Mrs.
William Fitch Kelly, Mrs. George Tar
bell. Mrs. F. w. Loetsch, Miss Mary
Reid Umstead, Mrs. James F. Kennedy,
Mrs. Irene Smith, Mrs. Baron Du Bots,
Miss Alice Stabler. Mrs. Louis Weller,
Miss Daisy Prentice, Mrs. B. j. Rutten-
cutter, Mrs. James Barnes. Mrs. J.. T.
Newcomb, Mrs. l.. A. Morrison, Mrs
Frisby Eiker and Mrs. A. M. Brown.