davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-03-21
STOCKS RECOVER
PART OF DECLINES
Extreme Losses of ! 10
About 3 Points Are HaIved
by Many Shares.
BY VICTOR EUBANK.
Associated Press Financial Writer

NEW YORK. March 2l.-Stocks
quietly recovered in the late trading
today, following a sharp sell-of in
the forenoon
Extreme declines Of l to around
points were about halved. u. S.
Smelling was of about 2, after having
been down points.
General Motors. Chrysler. Santa
Fe and du Pont showed late reces-
sions of around a point. Alcohols
were firm.
Transfers approximated, 100000
shares.
Although the financial district, as
a whole, saw little good in the re-
vamped exchange control measure.
in some quarters it was thought that.
with a few more changes. it might
be made workable. Most brokers.
however. were in accord with the
statement made by Richard Whit
ney, president Of the New York
Stock Exchange. that this bill is
destructive and not constructive"
Commission houses reported that in
addition TO worries threatened over
strikes. traders we're concerned about
potential difficulties in the steel in
dustry which might result from
charges of the Federal Trade Com
mission that its orders on price-fx-
ing had been violated.
Estimates of freight car loadings
tor the last week, based on the re-
ports of some 20 leading carriers, in
dicated a gain of about 10000 The
seasonal indices would be in the
neighboThCod Of 5000, an aggregate
CT around $4,000 loadings would
mean an advance over the same
week last year of nearly 40 per cent
Although the January earnings of
the railroads. estimated on the re-
ports of more than go companies. were
the best since 1881. it was believed in
some banking circles that they would
fail to cover the fixed charge by ap-
prCyimately $4,000 900.
Evening star., 1934-03-21
Central to Create
Sinking Funds OH
Two Bond Issues
BY the Associated Press.


NEW YORK. March 21-The New
York Central Railroad Co. plans to
set up sinking funds for two bond
issues involved in the companv's May
l financing operation, it was disclosed
yesterday.
The issues affected. according to a
letter sent to the stockholders by E. l..
Rossiter, treasurer, are the $50 ,911 100
new collateral convertible 6S and the
series C consolidated mortgage of
1898, of which $48.000,00O bonds will
be pledged as security for the con-
vertibles.
Arrangements for the sinking funds.
Rossiter said. were in compliance with
a condition made by the Reconstruc-
ton Finance Corporation respecting
loans made by the corporation.
The letter also showed tnat d.
rectors and certain other stockholders
have agreed in advance to exercise
their rights to subscribe for s12.80O.-
900 of the new bonds: that the Re-
construction Finance Corporation has
authorized a maximum loan of $l9,-
GIL 900 on bonds up to that amount
not taken by stockholders, and that
underwriting commissions of not more
than per cent will be paid on the
balance Of the issue, amounting to
s27. zoo, 900. which will be underwrit-
ten by others.
Evening star., 1934-03-21
WHOLESALE PRICES
DECLINE SLIGHTLY
National Fertilizer Association
Reports Small Slump in
Commodity Index.
BY the Associated Press.

BY the Associated Press.
Wholesale commodity prices showed
small decline during the week end
ed March II. as the change was cal
culated by the National Fertilizer
Association. Its index slumped 4
fractional points to 713 per cent of
the .1926-28 average for 476 individ-
ual commodities
Although there were more gains
than losses in the prices for individ-
ual commodities during the week,
the association pointed out the ad-
vances we're very small and in some
cases affected relatively unimportant
items. while the losses were compare
lively large and occurred in the prices
for important items
Four of the Il main groups COM
prising the index declined during the
week while advanced. Foods, grains,
feeds and live stock, textiles and fats
and oils declined. Fuel, miscellaneous
commodities. automobiles, house fur
nishing goods and chemicals and
drugs were among the groups that
rose to higher levels.
Evening star., 1934-03-21
FREIGHT LOADINGS.

NEW YORK March 81 LPl.-The
New York Centrals freight loadings
last week totaled ll1.91l cars. COM
pared with ll0.3O7 the week before
and 70.625 a year ago. Loadings so
far this year are 96 per cent abo~e
1888 and per cent over 1882.
PENNSYLVANIA Railroad car loadings
in the week of March II totaled &C.
SOS. compared with 94,563 in the
previous week and 67.5ll in the same
week last year.
Norfolk g. Western Railroad loaded
23.754 cars in the week of March II.
compared with 81 $50 in the previous
week and 1883 in the same week a
year ago.
Evening star., 1934-03-21
ACTIVITY SPEEDED
At COTTON MILLS
February Operations Climb
to 1O1.5 Per Cent of
Capacity.
BY the Associated Press.

BY the Associated Press.
The cotton-spinning industry was
reported today by the Census Bureau
to have operated during February at
101.v per cent of capacity on single
shift basis. as compared with e8.5
per cent for January this year and
IS per cent for February, 1888.
Spinning spindles in place on Feb
ruary % totaled 3O.992, ,496, of which
26,355,498 we're active at some time
during the month, compared with
30,s67 1862 and 25,653,324 on January
81 and 3l,oss, 1882 and 23,65s,loo on
February % last year.
Active spindle hours for February
totaled 6,692, ,120.318, or an average of
216 per spindle in place. compared
with 6,970, 0,394,758 and 225 for jan
uary and s,2S6,441 1896 and 202 in
February last year.
Evening star., 1934-03-21
Chicago Grain
BY the Associated Press,

CHICAGO. March 2l.-Despite re-
ports of untavOrable crop conditions
Southwest and Northwest alike, wheat
prices ranged lower almost through
out today's trading, but rallied little
at the last
Based largely on advices relating to
labor difficulties and to proposed stoc..
market restrictions, grain trade sentl-
ment was pessimistic. Transactions in
wheat were of unusually meager VOL
ume
Wheat closed unsettled, Ia = under
yesterdays finish: May. 81 a9I14
corn. unchanged to 50 down; cats.
l>aia of. and provisions unchanged
10 cents decline
Evening star., 1934-03-21

991s o5 McAndr & r pf t6).
3lh "a Mct'ali Corp 20
Az lM McCrory Strs i tk)
Az 1% McCrory Strs B tx
25a4 5h McCrory Strs pf 'k)
IA McGraw Hill Pub.
ASS 3SR Mcintyre r M tlk.
94h "a Mckeesport 4 PCD
S19 Az Mrkesson n ROD. :.
e4H ll1s Mckesson Il Rob pf
So | Mcclellan Stores tk)
41'A 304 Mack Truck ,lD....
62h 81 aacy tRHD 4 Cot2)
4as 27s Madison So Garden.
~ 15h Magma Copper h5Oc
a TX Madison Il Co ....
3A ManatI Sugar tk)..
81 20 Manhattan EIev gtd
13~ Is Man Elev m z fk)..
con l2N Manhattan y t6Oc).
So Asa Marancha Corp.
3 5s4 Marine Midld (40c).
Evening star., 1934-03-21
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
feviOus
anna
D p ]
STOCK and Sales

Received BY Private Wire Direct 10 The Evening Star.
Evening star., 1934-03-21

has joined the
staff of West
heimer e. Co.
New York Stock
Exchange firm, in
{ h e Woodward
Building. accord
ing to announce
ment by Hamer
Reside, manager.
He assumed his
new duties today.
A native Of
Ge eorgia M r
MotherShed has
been in Washing
ton since 1917.
Evening star., 1934-03-21
66h 81 Johns Evansville

3lA 22A bert Co t3I...
l4k : Lee Rubber th20cD.
2Iy Lehlgh Valley Coal.
l4L D Lehlgh Val Coal pf.
Zlh II LehIsh Valley X X.
1S 651s Lehman torp ~ 4O
20h l6a. i.ehn n Fink ,2)...
43h 34I2 Libby -Uw q ~ l20
20 IN Life Saver ~ 6OD...
93H 73 LIsS II Myers tT5J..
94a4 74k Lisg a. Myers h 10. :.
2lh l6 Lily ruIIn tuptI III
36h 2513 Lima Locomotive.
'l9h l2L Link Reli ti0c).
33as 26l2 Liquid Carb ttl ~.
34a 25a. Loew's Inc ~ -.
9lH ~ l.oew inc pt t6 NJ
: l"S Lott Inc .......
pa Ia Long He'll Lum ,A).
1871 l5s. LotiIlard tPl l.z0..
2s4 Ia Louisiana on. 80.
Il Is Louis G& r. Atl%D.. 4.
6lM 4Sh LOUISE NashthIhI.
Evening star., 1934-03-21
MQTHERSHEDJO|NS
BROKERAGE STAFF.
Takes Over New Duties at
Westheimer & Co. Office
~ Today.
BY EDWARD c. STONE.

John D. Mothershed, who recently
severed his connection with Fenner
e. Beane, where he was at one time
manager of the Warrington Office,
Evening star., 1934-03-21
Cash Grain Market

Wheat No. mixed. 80: corn. No.
mixed. 40: No. ? yellow. 49as9l2;
No white, So: old corn. No. 6.
mixed. 4634 No. yellow, so; oats.
No 2 white. "a . s35 ,; No. white.
34 rye, No. /. 63la; barley, 50a8O;
timothy seed. 725a750 cwt.; clover
seed, IL ll00al40o cwt.
Evening star., 1934-03-21

NC'k ES'2 llllllOls NCHtlA ~
6l9s 4Sa. Illinois Cent / / 90.
gGas 14s4 Industrial Ray to)..
73a. 591g lngersoll-Rsnd / n.
43a. 40l2 Inland Steel. ......
6's Az Inspiration Copper.
l3a. o.. Interhoro Rp TrtkJ g..
IL. D lnteIIake iron 80.
6is : Int Agriculture....
81. Is Int Agriculture pf.
l2h 5@s Int Carriers Ltd zoo
37s. 29i9 Int Cement. ......
4ois 37@s Int Harvester soc.
12Zs. l15l9 Int Harvester pttD
9A a.. Int Hydro Elec "a.
ia. 2l' Int Nick Can th1ucJ
12lIa l15s4 int Nick Can pt tD
1874 10I2 Int Paper pt.......
IN Il. Int Paper n Pw co
1Sn 10A int Paper n w pf. &.
IA y Int Print Ink
u Il Int Salt Il hJ......
50as AZ Int Shoe 20.
45a. "a int Silver. .........
la. 1874 int Tel a. Teleg. -.
l4s 3l2 Interstate Dept ST. 1.
2S PAS. island Crk CoaIt2).
Evening star., 1934-03-21

a.. 3 Zenith Radio. .....
a. 50 IonIte Products.
RIGHTS. Expire,
-. Ia. n \ Central Mav IN
Evening star., 1934-03-21

- SdIes oi StocNs on New York Exchange.
ll:Oo AM........ 40 900 Noon $50 600
m ......... 100000 200 M. 49,. $40 900
DIVIDEND rates the annual
tonk. N' VI ""i-'e"i' ueeIdia-
Unit Of trading less than 100 extra
STOCK RAID last year-no regular in
oSk Payable in cash stock Plus special preferred
Sock PiuS ~ in stock. Paid this Accumulated
nVoenoS paid this Companies recevershp
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
NEWSPAPERS OPINION
STRIKERS AND RELIEF

WHITING, to the New York Times in defence OF
fodoraI relief for strikers, Louis FRANCIS Duu-'
,,bo directed the workers activities IN the Hie.
~ Amy;tnIite dispute at Toledo, says Iha' ''e
government cat the present time has no op'ion O"'
- rrant such relief" He argues as follows; oe'
- hundred thousand organized men Wlthou' ioo.'
;, not present pretty picture IN lano "n'"
Ii flow with milk and honey through proper
- - ;+s immense resources. There are mphca-
H.. +horo that the government dare not race
p5octh tho manner and the substance OF this con-
=, ro,,ool the fact that the demand for led
eral relief for the strikers is put 1or""ro III ''
nature of threat to the government:
The federal government has gone iui'"ei 49,
fhe matter of relief for the unemployed 'h0" 'N'
other government has ever gone III 'iii' e00"','
and further, we think, than any otner COVE
has ever gone anywhere. It seems proDaDle' ho",
over that the present strike situation VIII colpei
clear determination of the condltlonS uiiu'
which federal relief shall be available
To grant relief at government expense 70 ' n'
who are without work and who cannot OBTAIN WORN
i one thing. To grant such relief TO those WIZ
,of,sa TO work would be an altogether alHereh'
thing .,:. s. bic
NJ Honkins has indicated that the policy OF MS
organization is to grant relief to strikers uiiiesS
and until the government through its proper o.
s,;o1 has declared the strike to be unJustlheo'
That it seems to US, is .he wrong approach Inc
burden should be upon those who strike to estao-
Itch the fact that the strike was unavoidable ana
hence justified.
The attempt to convince the public that the
strike in the cotton textile industry was unayod-
able has not succeeded up to this time great
part of the public believes that it was unnecessary
and that it was precipitated by union influences
without regard to the consequences. ....
For the government to put the strikers IN this
instance on par with those who are actually I'M
employed because they have not been able to ma
Jobs will be for the government in effect to sub
sdize the strike 1t will thus join forces with the
strikers in their assault upon the industry and IN
their assault upon the code for that industry which
it has itself approved. ......
We do not see how there is any escape from
this reasoning and it presents situation which
NAV we'll give pause to those who are responsible
for the administration of reef-Asheville Citizen.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
PROPERTY VS.. SOCIAL RIGHTS

Nothing is more likely to develop knk in ones
logical thinking than to try to draw too exact
line of demarcaton between human and properly
rights. .:..........: .... ..... ....,-.
The caoitalistic interests of this country have
bean alarmed lest Mr. Roosevelt wcald ruin them
in his eagerness to lift the general social level
60 fearful were they that the President thought
Il wise TO make repeated statements to the general
effect that it was not his purpose either to destroy
or to confscate wealth or to minimize or depreci-
ate the vital bearing and prestige and Importance
to protect property rights.
To what extent however one may go IN GIVING
safeguards to social rights as against property
rights brings on some very puzzfng ramlhcatlons'
What, after all, is a property right and what
human right-and in what respect are they con-
Trajectory? These are subtle questions. They'll
trip you if you are not alert.
When one refers to property rights, one is likely
to be referring to the rights of some man VINO
owns bank or cotton mill or mountain or a
ranch or a steel factory or some other colossal
physical and material structure the bulk and slz-
abeness of which is impressive
But the man who has cow and the man who,
as tenant even, has a crop, and the man who
has job, humble and insignificant though it be
these a1e properties, the rights of which are just
as sacredly to be guarded against all excessive
social impingements as the multiplied capital OF
stocks and bonds and monies and factories and
farms of the millionaires.
Property rights are universal as are also SOCIAL
rights and there is point at which they meet IN
common vitality rather than always remaining
in contradiction and collision with one another
The Charlotte Observer.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
DEPICTING SCHOOL FACULTIES

designations from the faculty of the public
schools of Charlotte continue to pour in. There
is wholesale deseration of the teachings ranks
without parallel in the experience of the local
educational system.
The same is true elsewhere in the state. Par
ticularly have the male members of the faculties
folded up and scurried off to find more lucrative
positions.
Not that they elect to go into business They
prefer to teach They have been educated to teach.
They have natural aptitude for teaching. 1t is
their preference and calling, but when teaching
fails to give them subsistence, the common in
stinct of sef-interest drives them into other pas
lures.
The unknowing and uncaring will shrug their
shoulders and rather cynically assert that it makes
no difference, that the woods full of people
who want to teach and that if man or woman
does not like what is being paid, they are free
agents and need not remain in such position.
But the vital truth is lost sight of that if they
are competent to begin with, teachers are made
more eompeent the longer they teach, better &C
quanted with the technique of their profession,
more adapted to the versatile demands of the
school room upon them and, altogether, far better
qualified than novitiates.
Thus the quality of teaching decreases as these
more experienced and better capacitated members
of the faculties desert the profession to find other
work in a business world that denies them ade-
quate pay for their services in the school ROOM
Charlotte Observer
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04

owner is in constant fear for his
own safety or for the safety OF
those for whom he is responsible.
Somebody, probably a number OF
somebodieS, or more likely a
group or a number of groups of
somebodies, are always trying or
wanting to kill the wearer OF a
crown. They want to get him out
of the way because he is in their
way or they want to get ria OF
him to replace him with somebody
who will do more to their liking.
The desire to assassinate the
crown-wearer may be sincere or
it may be wholly selfish. Many, a
good, valuable ruler has been muir
dered by some fool whose wild
imagination made him feel that
he was serving the public. More
often the crown wearer has been
bumped off by those or by the
friends of those, who wanted the
Job or who wanted him out of the
way. 1t must be q terrible thing
for a person to be so fearful of
his life that he must have some
one eat in advance a portion of
everything he eats; so he can see
before he eats it whether or not
it has been poisoned, and have a
guard around his bed while he
Sleeps, if he can sleep, for the
dread that one of his own guards
may slip a long knife between his
ribs. . ...,. &
The truly sincere croWn-wearer
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
new DEAL IS
GEORGIA issue
Will Vote on Governor
Sept. II; Talmadge
Has Two Opponents
BY GARRETT D. HORNkR
United Press Staff Correspondent

United Press Staff Correspondent
ATLANTA, Ga, Sept. 4. lUP).
Georgians will elect governor
September II after an extremely
active campaign in which Presl-
dent Roosevelt's "new deal' has
been a major issue.
Governor Eugene Talmadge,
outspoken critic of most new
deal policies, is opposed for re-
election by Circuit Judge Claude
Pittman of Gainesville, and Ed
Gillian, Atlanta alderman. All
are Democrats seeking their
party's nomination which IS
equivalent to election in Georgia.
Judge Pittman, chief opponent,
has made much of Governor
Talmadge's opposition to the ma
tional administration in his cam
paign and himself has lauded and
promised support to President
Roosevelt, whom Georgia consld-
ers an "adopted SON."
Despite his continued opposi-
ton to agencies of the new deal,
Governor Talmadge classes HIM
self as a supporter to of the
president. After Pittman ST J.
porters came out with stickers on
their cars saying Roosevelt and
Pittman," some of Talmadge's
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
BY RODNEY BUTCHER


V7ASHINGTON-R e m e m b e r
" how Mr.. Hoover was always
wanting to reorganize the gov
eminent and the fuses he had
With Congress about it?
What a headache reorganization
would be today!
Just the same, the boss New
Dealers are beginning to speak pri.
yately Of reorganization" and
"consolidation" rather than of
mere Coordination" They're all
insisting something ought to be
done. .... .
One hears vague suggestions, of
yet another super.council, separate
from the cabinet, consisting of both
administrators and technical ex-
perts, which would operate directly
under Roosevelt, bring all policies
into line, and Consolidate" here
and there. s,.g ..
Winfield Refer, the admins
tie toms interpreting economist
who also has more titles than
I-ycne can remember and to
whom the hundreds of other econ
,omist3 here refer only in reverent
tones--decided a swell way to
i spend his vacation would be to
work on a general reorganization
plan.
He has just returned. The plan
is tight under his hat, but what
ever Win" has worked out will
soon be receiving careful con-
sideration.
pREsIDENT RoosEvELTs re-
= action to the birth of the
American Liberty League was one
of the most interesting he has
ever displayed. For Is minutes
ne discussed it with an unusually
large group of correspondents.
. The extraordinary Rooseveltisn
qualities of light, airy cynicism,
emotional fervor, and outright
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
BEHIND THE SCENES m
WA E-IlNGTONI

banter played upon Jouett
Shouse's organization. as the
president explained that a gov
eminent must preserve "life, lib
erty, and The pursuit of happi-
ness" as well as the rights Of
property and the Wall Street
spectators.
Even AL Smiths fondest adj
mirers and Shouse's many friends
among the correspondents left
with the impression that this adj
miris.:at!on will fight big Bust
ness" before it will knuckle down
to it.
And that when the fight wakes
warmer you'll hear plenty about
the close present or previous con-
nections of the various Liberty
League founders With the Steel
Corporation, the New York Stock
Exchange, the munitions industry
and other huge corporations.
=
MIR. DONALD RICHBERG, who
1'A has more important titles
than anybody else in town
and is especially charged with CO.
ordinating the New Deal agencies.
was riding home in bis big black
limousine. ..
Suddenly his eye caught the
license tag. of g. government truck
in front. He read "U. S. S. H."
in big letters. He frowned. His
mind became q kaleidoscope of
all the alphabetical combinations
that represent the emergency
agencies, as he tried to place this
one.
Could he have overlooked some
thing in his charting and dia-
granting?
Next day he was relieved to
learn that the truck was from
The U. S. Soldiers Home, which
is one of the older establishments
and no, concern Of the BRAIN
wrenching coordination effort.
Copyright. 1884. NEA Service. Inc,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04

friends got out stickers with the
legend "Gene and Franklin"
A statement from the White
House publicized by Talmadge
supporters made it plain that the
president was maintaining his
usual Glands off" policy in the
Georgia primary contest.
The governo" says there's just
one thine back of his criticism
Of the NRA, PWA, CCC, FERA
and other new deal agencies,
and that is: "They, demoralize
private industry" -
'"It isn't ! right" .Governol
-Talmadge said, mop Of blacF
l.hair falling down over his fore
head as he emphasizes his point
'to use taxpayers money to, pay
people more to work for the gov
eminent than the taxpayers car
pay those who work for him."
The criticised the CWA. be
cause its wages Of So day al
legedly took workers away from
Georgia farms where the wage
scale was but from 70 cents tc
81 a day. His attitude has caus'
ed the administration of all fed
eral relief funds in Georgia tt
be taken from his hands and put
under a director responsible tC
Washington alone.
The governor has drawn the
opposition of the Georgia Fed
Grafton Of Labor for his attacks
on higher wages brOugh by MIRA
codes.
Through his highway board
Governor Talmadge insists thai
workers of state highway prof.
ects be paid the wage scale pre-
vailing in their communities
generally 1 to 20 cents an hour
as compared to their 80 cents al
hour construction code minimum
for common labor.
The Georgia governor also op
posed the Bankhead cotton con
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-04
THE CROWN WEARER
By WICKES WAMBOLDT

does not worry much about his
own life. He is more likely to wish
that somebody would kill him and
put him out of his misery. If he
is thoroughly conscientious, he
takes on his responsibilities to
such an extent that he thinks little
if at all about his own life. If his
life is of value to him, it is be-
cause by means of it, be is able to
serve those for whom he wears a
crown. His crown doesn't mean
anything to him except to remind
him Of his responsibilities, OF
things he must do, like the string
the farmers wife ties about her
husbands finger before he goes 10
town, lest he forget.
Everything has its penalties.
We are apt to think we envy this
person and that. We think it mast
be wonderful to wear crown;
but actually all crowns, real OF
tigurative, make corns Of one kind
or another. They weigh heavily,
and the person who wears one and
who is fit to wear one never takes
it off. He can not get it off; his
sense of responsibility cOmpels
him to wear his crown to bed.
You can imagine how comfortable
it must be to try to sleep with a
crown as night cap. Shakespeare
did lot of serious thinking be-
fore he }wrote Uneasy lies the
head that wears a crown"
Christians do a good deal of
singing about the crowns they are
going to wear in the hereafter,
Sometimes l wonder how heavy
those crowns will be.