davidaulloa/AmericanStories huggingface dataset:
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-08-31
3OV. ENDS EUROPEAN
TRIP ON WEDNESDAY
CONTINUED from Page ~

rage
the city and Maj.-Gen. Paul b. Malone
commander of the Third Corps Area,
presided. Shore addresses were made
by the ri. Rev. Edward 7. Helfen-
stein, Bishop of the Protestant Epis-
copal Diocese of Maryland; the Very
Rev. Msgr. Harry A. Quinn, rector
of the Cathedral; and the Rev. DR..
William Rosenbau, rabbi of the Eutaw
Place Temple.
After the Governor replied par
ade was formed, headed by Charles
d. Gather, Police Commissioner, as
marshal. Behind him marched bat
talon of the Fifth Regiment, follow
ed by the Governor, Mayor Jackson,
General Malone and Charles H. Knapp
in the first automobile. In the fol-
lowing cars rode Maj Zen. Milton A.
Reckord, Adjutant- General of Mary
land, and his staff; Brig .-Gen. J. Craig
McLanahan and his staff and Brig
Gen. Washington Bowie, Jr., and his
staff.
Political organizations marched to
tunes played by the st. Mary's Indus
trial School, the Fifth Regiment and
other bands. The parade proceeded
east on Mount Royal Avenue to
Charles, to Chase, to the main en-
trance of the Hotel Belvedere, where
the Governor stood on the steps and
reviewed the marchers.
Thus was the returning Chief hon
ored and it is safe to say he will
receive just as cordial reception at
the polls both in September and in
November.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-08-31
ORPHANS COURT

Certified copy of will of Sanford
D. Matthews filed.
Testamentary bond approved and
filed in the estate of James E. Beach
board and letters testamentary grant
ed to Ray A. Blackboard.
Inventory filed in the estate of Wal
ter d. Bowen.
Account of Sales filed in the es-
tates of Henry Cephas Adkins and
Woodland A. Long.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-08-31

Mrs. William Dix who has been
quite i'll for the past several weeks
has returned from the University
Hospital in Baltimore much improv-
ed in health.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-08-31

Mr.. and Mrs. Earl Hilburn, of
Bangor, Pa, will arrive the latter
part of the week to spend Labor Day
with Mrs. Hilburn's sister, Mrs. L.
G. Callahan and Mr.. Callahan.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-08-31

Mrs. T. B. Venable and little
daughter returned Tuesday from Nc
Cready Memorial Hospital in Girls
field.
The Washington times., 1934-04-02
SCRAP DECLINE
CHECK SEEN

AS yet the iron and steel scrap
markets have not had time to
show much improvement as a re-
suit of the automobile strike aver
sion, but the decline Of the pre-
viouS week has been checked and
sentiment, in some sections at
least, has turned for the better. At
Pittsburgh the average level for
heavy melting steel remains at
$14.25, but the continued good
rate of steel operations, and con.
sequently of scrap shipments, has
induced optimistic feeling. The sit.
uation at Chicago Is not as favor
able, for the recent high prices
brought out large supplies, but
open-hearth operations continue
good and there has been no i'm
portant change in heavy melting
steel quotations.
On the eastern Seaboard the
principal matter OF interest is the
revival of foreign buying, which
has helped overcome the easier
tone of a week ago. At Philadel-
phia prices are steady, though
only a moderate amount of scrap
has changed hands.
The Washington times., 1934-04-02
Week ShOWs Gains
In Coffee Futures

Coffee futures reversed their
downward trend and, although re-
acting on Tuesday in sympathy
with outside markets, showed net
gains for the week amounting to
IA and 18 points for the Santos
contract and is to % points for
the Rio market. The National
Coffee Department, in a cable to
the New York Coffee and Sugar
Exchange, again reaffirmed the
fact that destruction would go on
and said that 4,5OO,00O bags would
be destroyed as soon as possible.
The trading in the futures
market here has been on a small
scale this past week for two rea-
sons, first, the dullness in the &C
tual market and, second, the fact
that Thursday and Friday are holi-
days in Brazil and Colombia. In
the spot market, prices are about
unchanged to a shade easier.
Brazilian cost and freight offers,
although more liberal, are no
lower.
The amount of coffee afloat
from Brazil to the United States
has dropped considerably during
the past month and further buy
ing move on the part of United
st tes importers is expected
shortly.
The Washington times., 1934-04-02
GERMAN MOTOR
SALES RISE

Belief that passenger auto sales
in Germany during the 1884 sea.
son will reach 100000 is expressed
by the German Institute for BuSi-
ness Research, which adds that
the estimate is likely to be too
conservative. The estimate COM
pares with sales of 10000 in 1888
and 10000 in 1882.
The important Berlin automo-
bile exhibition opened this year on
March 8. Early reports from the
exhibition showed that sales had
already reached the position at
tanned in 1929, the last favorable
automobile year for Germany be-
fore the depression.
Preliminary reports show that
more new passenger automobiles
per working day were licensed for
use in February than for any
February since 1880, and the
figure is almost exactly doubled
this year as compared with Febru-
ary, 1888.
This is considered to be particu-
larly encouraging because the Ber-
lin exhibition last year was opened
on February II. The later open
ing this year, it is believed, has
had the effect of inducing many
buyers to hold off until some time
in March.
The Washington times., 1934-04-02
OUTPUT
ON INCREASE

Stocks of domestic and foreign
crude petroleum at the end Of the
March 80 week, aggregated 34O,-
O81 900 barrels, an increase Of
1904 900 barrels from the total on
hand the previous week, Oil Ad-
ministrator IckeS announced. The
increase, which follows a gain in
stocks of 100000 barrels during
the previous week, comprises q
gain of domestic crude oil amount
ing to 1,232,000 barrels and a de-
cline of foreign crude Of $4,000
barrels.
Current reports indicate that
the crude oil production increased
approximately 10000 barrels over
the previous week, or from a daily
average of about 2,445, 900 barrels
for the week ended March II to
2,445, 900 barrels for the week
ended March "a.
The daily average crude runs
to stills declined substantially
amounting to 100000 barrels as
compared with 2,410,0O0 barrels
for the previous week. Daily ave-
rage crude imports continued to
decline, totaling $4,000 barrels as
compared with $4,000 barrels for
the week ended March IT.
The Washington times., 1934-04-02
CAR LOAD|NGS
SLIGHTLY OFF

Loadings Of revenue freight IN
the week ended March "a totaled
608, 1862 cars, a decrease of 1871
cars under the preceding week.
an increase of 128,503 cars over
the corresponding week in 1888
and an increase of 47,344 cars
over the like week in 1882, ac-
cording to the American Railway
Association.
Decrease of 2.8 per cent in tho
March "a total below the preced-
ing week was contrary to the sea-
sonal trend. Average loadings in
the March "a week during the
period of the past IS years have
shown an increase Of 0.5 per cent
over that average for the precedr
ing week, according to compila-
tion by Dow, Jones & Co., Inc.
The March "a total amounted to
71.3 per cent of the average for
that week over the past Is years,
compared with 1877 per cent in
the Immediately preceding seven
days.
Total for the week ended
March "a amounted to an in
crease of 1858 per cent over the
like 1888 period and an increase
Of 8.4 per cent over the CORE
spending week in 1882. In the
preceding week this year increase
over the like 1888 period amount
ed to 38 per cent and the in"
crease over 1882 was z per cent.
The Washington times., 1934-04-02
Sugar Futures Gain
Back Earlier Losses

Sugar futures continued to move
higher on the New York Coffee
and Sugar Exchange, Saturday
and Monday, regaining to S
points which were lost on Tuesday
when the market declined in SYM
pathy with the generally depressed
outside markets. The reaction on
Wednesday to the news that re-
vised sugar bill had been intro
duced into the Senate and House,
was favorable, and the net result
for the week showed prices to 8
points above last Fridays close.
Both Porto Ricos and Philip
pines continued to press on the
raw market and sales were made
at 2.95 on nearly every day. At the
end, the tone was steadier, and
sellers were asking $500. OF the
l33 Cuban centrals used in grind
ing the current crop, seven have
finished.
Refined prices are still I'M
changed with demand still only
fair. London raws are about un-
changed for the week at the equiv
alent of about 96c fob. Cuba.
The Washington times., 1934-04-02
COAL TONNAGE
ON INCREASE

Anthracite production during
the 1933-1934 coal year, which
ended March 81, will run approxi.
mately 100000 tons ahead Of the
output during the 1932-1933 coal
year. Coal companies compute
their output in fiscal reports from
April to March, while the Federal
and State departments Of mines
estimates tonnage on the basis Of
the calendar year.
The anthracite output for the
coal year Of 1933-1934 up to the
week ended March II was 53,079,'
900 net tons and for the CORE.
spending period Of the 1928
coal year it was 47,109,000 net
tons. Adding estimated tonnages
for the last two weeks of March
the 19SS.1934 coal year tonnage
will be in the neighborhood Of S..
100000 tons. The output last year
was 49,000,0 900 tons.
Major anthracite producers dur
ing the past week mailed circu'
lars to distributors stating that
there would be no April / change
in prices. The usual practice is
to cut prices on April to stimu-
late spring buying. The reduction
last year was 81 a ton.
The Washington times., 1934-04-02
HALVES
EARLY GAINS

NEW YORK, April 2 I.NS),
After extending last Thursdays
rally at the opening today, cotton
futures encountered fairly heavy
profit taking and lost about half
their initial gains.
Trading was moderately active
throughout the morning, although
business from Liverpool was cur.
tailed by the four-day holiday
there, with the cotton market
scheduled to reopen tomorrow.
Good buying came from the do.
mestic trade, while japanese in.
terests also were on the buying
side. Warehouses purchased new
crops in limited amounts. There
was commission house liquidation
Of near months and the South
sold in a small way. Some hedg-
ing also was noted.
More cheerful trade news
proved helpful to the market in
the opening advance.
Around the noon hour today,
the market was up three to five
points. May was up five at 1906,
July up three at 1915, October up
three at 1921, and December up
four at 12.42.
The Washington times., 1934-04-02
D, c, CLEAR|NGS
SHOW GAINS

Bank clearingS in Washington
for the first three months Of the
current year were greater than
for the first quarter Of 1888, &C
cording to figures revealed by the
Washington Clearing House AS
sociation through Manager Charles
e. Bright. Check clearings for the
first quarter Of the present year
amounted to $167, ,039 ,095.93, while
for the same period in 1888 check
transactions tot taled $166,224,-
1895.
An exceptionally large spread Is
recorded between clearingS re-
ported for March, 1884, and
March, 1888, due in part to the
bank holiday last year. Check
transactions last month totaled
$62, ,204, ,874.10 compared with only
$32, ,644,947.37 in March, 1888.
March transactions were also
ahead Of those for January and
February Of this year. Clearings
in January being $55,737 ,297 40
and in February, $4,000 .924.34,
AS a reflection Of business con-
ditionS the figures reported by the
clearing house association yester-
day indicate substantial progress.
The Washington times., 1934-04-02
RESERVE BANKS
TILT CREDITS

The daily average volume Of
Federal Reserve Bank credit out
standing during the week ended
March %, as reported by the Fed
eral Reserve banks, was $685.
100000, an increase of $4,000, 900.
compared with the corresponding
week in 1888.
On March % total reserve bank
credit amounted to $2,519,000, 900,
an increase Of $11,000,000 for the
week.
This in~SeaSe corresponds with
increases of $66,O0O,000 in Treas
ury cash and deposits with Fed
eral Reserve banks, of $4,000, 900
in nonmember deposits and other
Federal Reserve accounts and
$2,000,00 in money in circulation,
offset in part by increases of SAL
100000 in monetary gold stock and
$13,000,000 in Treasury and ma
tional bank currency, and a de-
crease of $1O,000,O0O in member
bank reserve balances.
The systems holdings of bills
discounted increased $4,000, 900,
and of Treasury certificates and
bills SO, 0,000,000, while holdings OF
United States Treasury notes de-
clined $10,000,0OO and of bills
bought in open market $4,000, 900.
The Washington times., 1934-04-02
6. N, EARNINGS
SHOW GAIN

The annual statement of Cen
eral Motors Corporation shows
net earnings from operations for
the year 1888 were $S3,213,676,
equal to 81 times the dividends
on preferred capital stock for the
year. This compares with earn
ingS of $164,979 from operations
for the year 1882.
The net earnings are after a
provision of $5,000,000 for posi-
BILE losses on cash balances in
closed banks and include a nom
operating profit of $562,576, due
to the revaluation of securities
held by the General Exchange
Insurance Corporation to current
market values. The 1888 earn
ings also included a profit Of
$4,152,186 on Employees Invest
ment Fund stock which reverted
to General Motors Corporation.
Regular dividends were paid
on the preferred stock during the
year, requiring $9,178,845. After
deducting this amount from the
net earnings of $83,213,676, there
was available for the common
stock outstanding $74,034,831,
equivalent to $1.72 per share.
Net working capital as of De-
cember 81, 1888, was $243,832,896,
as compared with 1925, ,437, 1874
as of December 81, 1882.
The Washington times., 1934-04-02
Business improves
For AddressOgrQph

Business Of Addressograph-M -Mul.
tigraph Corporation again turned
upward during the last half Of
1888 and in the first two months
Of 1884 operated at a profit, &C.
cording to the annual report to
stockholders made public today
by Joseph E. Rogers. president.
The report for the year ended
December 81, 1888, as certified
by independent auditors, shows
profits on sales. interest earned
and other income amounting to
$1,771,563; selling. advertising.
general and administrative ex-
penses, 81, ,322,2 PIT, and net profits,
before depreciation and other de-
ductions, Of $449,287. For 1882
the company reported profits on
sales and other income amount
ing to $2,372.611; selling ,adver'
tising. general and administrative
expenses of $1,732,77O, and net
profits. before depreciation and
special charges, of $639,841.
After deductions totaling $771,-
1888, including $317,769 for full
depreciation of operation plant
and equipment ,$211,569 for en-
gineering, laboratory. development
and patent expenses, $75,378 for
interest paid and other charges,
there was a net loss for the full
year of $322,496. This compares
with a net loss of $372.332 in
1892.
The Washington times., 1934-04-02
Averages Are Steady
In Investment Trusts

Investment trust securities held
firm during the past week. The
average for the common stocks OF
the 10 leading management trusts,
influenced by the leverage factor,
as compiled by Allied Distributors,
Inc, stood at 14.24 as of the close
March 20, compared with 14.42 on
March %.
The average of the non-leverage
stocks stood at 1880 as Of the close
March 20, compared with 1888 at
the close on March %. The aver
age Of the mutual funds closed at
1872, compared with 11.07 at the
close Of the previous week.
The Washington times., 1934-04-02
PRICES RAISED
BY CHRYSLER

NEW YORK, April 2 G.N.sJ.
Chrysler Corporation today took
the lead in instituting general
price rise on automobiles as a
result of the boost in wages and
cut in hours announced by the
industry 10 days ago.
Plymouth Motor Car Corpora
ton, Chrysler subsidiary, in.
creased list prices $25 to $45 a
car, effective today. Dodge, an
other Chrysler unit, announced
increases Of $45 a car.
The rest of the industry is
expected to follow in the next
day or two. A contributing fac
tor in forcing higher automobile
prices was the increase in steel
prices announced on Saturday
to compensate for the 10 per
cent wage rise in that industry.
The Washington times., 1934-04-02
hdex of Farm
Prices Hold

Index Of farm prices for the
month ended March Is re-
manned unchanged at 76, while
prices farmers pay for commod-
tiles increase one point, or from
119 to 100, Bureau Of Agricul-
tural Economics states in its
monthly report.
The bureaus report shows
that farm prices have increased
So per cent since March IS, 1888,
or from so on that date to the
present level Of 76. During the
year, prices paid by farmers in
creased from 100 to 100, a rise
of 20 per cent. Thus, the pur-
chasing power Of farm products
in terms Of other commodities
has increased for the year from
so to So in the bureaus index,
a gain Of 26 per cent.
The Washington times., 1934-04-02
UTILITIES WEAK
IN IMPROVED
CURB TRADE

NEW YORK, April 2 HN.SJ.
Most sections Of the curb market
showed further improvement to-
day, although continued pressure
on the utilities slowed up the ad-
vance elsewhere along the line.
Metal shares again attracted
considerable speculative buying
on the belief that an upward
revision in the Administrations
gold price would be announced
shortly.
The utility group ran into per
sistent offerings, on the Hkeh-
hood that drastic regulatory leg
islation would be enacted, follow
ing the publicity attendant with
disclosures by the Federal Trade
Commission.
Oils were in good demand, with
new 1884 highs established by
Humble at 43%, up 12, and In
ternational Petroleum at 24A,
up A.
The Cities Service issues nuc-
tuated irregularly, with the COM
mon off " at 234, and the de-
bentures up " at AZ. American
Power and Light IS rallied "
point to So in a quiet bond di-
vision.
The Washington times., 1934-04-02
GRAIN FUTURES
WORK LOWER

CHICAGO, April 2 G.N.S0.
Grains worked lower in early deal
ings today on selling prompted by
upward revisions in the estimated
winter wheat crop and more favor
able weather news.
Wheat dipped about a cent to
8614c for the May delivery and
corn fell off 7sc to 48Ac.
Support was light and around
mid-session values were not far
from the lows, wheat being u to
Sc off. Corn was 3s to ssc off,
oats "a to 3sc down and rye un-
changed to 1sc off.
The Washington times., 1934-04-02
Copper Increase
Planned on Sales
nv UNCONVENTIONAL Newa RerHica

BY International News Service
Due to foreign sales Of copper
that it has recently made, Phelps
Dodge Corporation is planning to
increase its output Of copper sub
stantially, it was learned to-
day. Present output of the cor
poration is 100000 pounds a
month. Whether the increase
will be made by stepping up out
put at Bisbee or whether the new
Cornelia property at Ajo, Ariz will
be started on a small scale will
be determined by L. s. Gates,
president, who is making q trip
to the company'S mines in Ari-
Zona.
It is believed this increase will
be over so per cent Of present
rate Of output.
The Washington times., 1934-04-02
Department Store
Sales Gains L1rqe

During the first half Of March,
total sales of department stores IN
the Metropolitan area Of New
York were SO per cent larger than
in the New York Federal Reserve
Bank says. This substantial ad-
vance the bank adds is accounted
for in part by the banking holi-
day in March, 1888, but neverthe-
less indicates a more than sea-
sonal increase in retail trade dur
ing the past month. Compared
with the corresponding period Of
1892, sales this year, exclusive Of
liquor sales, were about 2 per cert
smaller, and compared with the
same period in 1881 this years
sales wre % per cent less.
The ratio of collections in Feb
ruary to accounts outstanding at
the end of January averaged
higher in 1884 than in 1888 for
both department and apparel
stores,
The Washington times., 1934-04-02
$4,000 Still
UNEMPLOYED
By international News Service

by INTERNATIONAL No"B SOENLcO
A total of 4,592,0O0 more work.
ers had regular jobs in February,
1884, than in March, 1888, when
unemployment reached its lowest
point, a national industrial con-
ference board survey shows.
The number of unemployed
workers last month was 100000,
as compared with 100000 in
March, 1888, a decline of 34.8 per
cent.
The report discloses that since
March, 1888, the number of un-
employed workers decreased in all
industry groups for which the
fluctuations in employment are
recorded. The decrease was espe-
cially marked in manufacturing
and mechanical industries.
In March, 1888, these two
groups reported 6,424,000 joblesS,
or nearly one-half of all unem-
ployed persons.
The Washington times., 1934-04-02
MORE ACTIVITY
IS SHOWN BY
INDUSTRY

In its weekly summary of the
general business situation, the
Standard Statistics Company, Of
New York, currently comments
as follows:
Despite the increasing serious
ness Of labor disturbance during
most Of March and the hesitation
in forward business planning as
q result of these strike threats,
aggregate industrial activity has
made some further progress.
Better Than Seasonal
"Such general indexes as
freight car loading and electric
power production have continued
to record greater than seasonal
gains. Retail trade volumes, more
over, have been particularly IA
vorable, aided by the early Easter.
"While such Of the heavier
lines as automobiles and steel
have borne the brunt of labor
upheavals, average activity in
these divisions also has been well
maintained.
Developments during the past
week have gone a considerable
distance toward clarifying the en-
tire labor question, and lead to
the belief that the immediate
threat of large scale strikes has
been diminished.
Uncertainty Persistent
'%The uncertainty regarding the
Administrations attitude with re-
spect to restrictive legislation, on
the other hand, thus far has not
bene clarified. In fact, this po-
tential threat recently has been
augmented by the added stress
for rigid control Of both stock
and grain exchanges.
There is little basis as yet for
foretelling what regulatory meas
ureS may be made law in the
present session of Congress. It
il unlikely, nevertheless, that
final restrictive legislation will be
Of. q nature to jeopardize long
term business recovery.
considering recent develop
ments as whole, 1t now appears
probable that with the strike
threat lessened, the current Pc
riod of business hesitation shortly
will give way to a moderate re-
newal of the upward trend pre-
viously in force.
Gains Due Through May
ION the basis of present evi-
dence, such gains should con-
tinue generally throughout he
months of April and May. More
than average expansion should be
recorded among the heavier lines
of industry"
The Standard Statistics Com
pany industrial production index
for March is estimated at 80.7,
as compared with 1873 for the
preceding month and 5s.1 a
year ago.
The Washington times., 1934-04-02
WALL STREE 7
ACTING MORE
CLIPPER
By WALL STREET SPECTATOR

By WALL STREET SPECTATOR
NEW YORK, April G.N.S0.
Wall Street goes into the new
week more like its old-time chip
per self than in a couple Of
months.
The brisk rise on Saturday fol-
lowing the creeping advance
Thursday is raising hopes that
better things are ahead.
The market has shown a
stronger technical undertone for
more than a week, and should
be responsive to a break in the
news.
The rise in steel quotations
makes higher automobile prices
inevitable now. The announce
ments are expected this week.
Edward A. (Doc) Crawford,
whose crash provided the sensa-
ton of last summers tumble in
the markets, has been spending
a good deal of time in Toronto
since. We hear he will take a
group of Wall Streeters on a
tour Of the Canadian gold fields.
Doc, we understand, has made a
pretty good comeback.
Rumors of some substantial
Russian orders in the wind are
around again. Observers are in
clined to pick rail equipment as
the first choice of the Soviets.
This is due to the fact that trans
portation for some time has been
recognized as the weakest part
Of the Russian industrial machine,
the two bad railroad wrecks this
year emphasizing it.