davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-12-05
CHICAGO LIVE STOCK.

CHICAGO. December tP--,United
States Department Of Agriculture Hogs
10 to ?5 io"ef than rGesdsy eft; u;eiss Veishts
above $50 pounds 5 590as 90: top 800:
"2 oG 30 mounds: - 73sS de3 90 iEh5 lights
55Oa70 light lights Food ana choice
10 4.o idn q" pounds 3.72a4 :? lsht weight.
veisht. 2od-?50 pounds, ) 50s6 oo. heavy
weisht @5O-35o pounds, 59oaG 90: pack
lng sowSi medium and sood 1850
Cattle. II 900; calves. 900: no Gov
eminent. sGnments: better Grade fed steers ana
lower grades moderately active and mostly
steady. medium Grades predomnating IN
eers G1hf5 45g s eady bee cows ssady
strong 70 70 higher; ,vesIers nrm; best
yearling type. .9.75: very few well finished
steers or yearlings in run. Slaughter cat
e oa6o snd veaIeTs Steers go9d and chose
6 23alo. c5, .3oo-1 300 pounds. 6,55aa
pounds. :; 5ad.5o: heifers, eood and
mon and medium. @.5oa5.5o: COWS, sood
$50; low cutter and cutter. 1.75a2 -;
bulls fyearlinss excluded good fbeeD > 3
1880; cutter, common and medium, 2.25a
medium. I 5Oa5.50: Gull and common 800
so. Stooker and feeder cattle: Steers
sood and choice. 5oo-l .05o pounds. ooa
sheer l. 600: fat lambs slow taking
25-40 LOVER: early BIDS downward from
rs on lambs now held upward TO 7 so
and above, sheep firm; feeding lambs meet
ing active demand despite moderately in
creased rumbers; Slaushter sheep and lambs.
.75a7 50: common and medium. 5. 5a
600; ewes. 90-150 pounds good and
choice S5a275 sll WEIGHTS common
and medium. 50a2 90: feeding lambs
5015 pounds. good and choice. 550a6.25
Evening star., 1934-12-05
FREIGHT L0ADINGS.

NEW YORK December GP.-Revenue
freight car loadings on railroads report
Ing today for the week ended December
i fncluded:
Evening star., 1934-12-05
FEDERAL LAND BANKS
NEW YORK, December OP.-Federal
land Bank bonds:
tQuot tatfons as of o'clock)
MONTREAL SILVER.

MONTREAL December GP.--Silver
futures opened finn December. 54 Bob;
March, SIS cob May. 55.s0b September,
57.lOb Bid.
Evening star., 1934-12-05
Washington Exchange
SALES.

Capital Transit Colo at 26l2.
Potomac Electric 60 pfd.-10 at
1097s.
Riggs Bank cons at 211.
National Savings g. Trust Colo at
100.
Evening star., 1934-12-05

American Woolen Co.-Three plants
of company, located in Massachusetts
and Rhode Island, will be offered for
sale at auction on December 10.
Evening star., 1934-12-05

BONDS (Actual Sales.
ST. 900 Shamrock Us '39 80 80 80
Evening star., 1934-12-05
DIVIDENDS ANNOUNCED

NEW YORK December 5-Dlvidends
declared prepared by he Standard Sta
TISfICS Corn
Evening star., 1934-12-05
PRODUCE EXCHANGE

NEW YORK December 5 QP.-Produce
Exchange stock list:
Moon ouotatiOnS)
Evening star., 1934-12-05
NEW YORK BANK STOCKS

NEW YORK. December ) (P-New
York Security Dealers Association:
LQMniatIons as of - O clock
Evening star., 1934-12-05

Received BY Private
Wire Direct to
The Evening Star

High. Low 2:55.
Ore r r & N IS 49,. 1059s 1861 1861
Drew r r & N Is '6l 101 10O4 1O1
Otis Steel IS '41,, 81 65 60
Evening star., 1934-12-05

Ohio Pub Ser IN :46 10SM 10SM 1851
Ohio River gn SIS az. 103 103 103
The Washington times., 1934-05-28
CANADA WHEAT
FACES CRISIS

The next few weeks will be a
critical period for the wheat-grow-
ing Canadian West, and directly
or indirectly Of Importance to the
whole country, due to the high
place grain still holds in economic
activity of the Dominion.
Dry weather, which has been re-
lieved in only a relatively few
places by showers, has left the
wheat area in a dangerous condi:
ton; rain at this time would
greatly bolster wheat crop pros
poets and probably result in addi'
tional seeding, while continued
drought would mean further soil
drifting and bring real threat OF
extensive grasshopper damage.
Although it is estimated wheat
acreage this year will be over
1000, 900 acres below last year, re-
duction in output may not be coin
mensurate with the acreage drop.
For the most part, land left un"
seeded is least productive land;
also, increased use of fertilizers is
likely to increase yield ..:er acre.
provided the weather is favorable.
General economic activity
throughout Canada continues,
with gradual upward trend. and
there has been a recovery to ap-
proximately level of the mi idle Of
1881. Dominion Bureau of Sta
tisticS index of physical volume of
business for April moved up about
a point from March, to "a. Busl-
ness index for April was at
highest point since July, 1881.
with the gain during the past IA
months about 40 per cent.
April copper exports. at H.
600, 900 pounds, were 152 per cent
ahead of April. 1893. with the in
crease over March, after seasonal
adjustment, about 68 per cent.
Lead production has declined
from levels of the early months
Of year; April gold shipments
dropped IL per cent. after seasonal
adjustments, fro March, reflect.
ing concentration of leading gold
mining producers on low-grade
ore Improbable under ordinary
conditions; April silver shipments
declined to 452,000 ounces from
1880, 900 in March, while exports
of asbestos, after seasonal adjust
ment, were over % per cent below
March,
The Washington times., 1934-05-28
Insurance Issues
Improve SLiqhtLu

Insurance stocks in the New
York City market registered a
further slight recovery during the
past week. The aggregate value
Of 20 leading fire and casualty in.
surance issues. according to Holt,
Rose & Troster, amounted to
$423,594 900 on May IS, compared
with $421, ,271, 900 at the close of
the previous week, an increase OF
$2,323,000 or 0.5S per cent.
The current average yield of the
20 issues of AIT per cent, COM
pares with a yield of 4.19 per cent
a week ago. The current market
value is now lis times the cur.
rent liquidating value, unchanged
for the week.
Combined operating earnings
from underwriting and net in
veStment income are now 1885
per cent on market, as compared
with 1921 per cent a week ago,
and based upon current figures
the 20 issues are now quoted at an
average of 90 times their com.
bined operating earnings, un.
changed for the week.
The Washington times., 1934-05-28
COTTON STEADY
AFTER SLUMP

NEW YORK, May % G.N.SO.
Cotton futures Steadied late in
the forenoon today after an easier
opening, as the list was buoyed
by the sharp rise in wheat and
strength in stocks.
At the call, futures here were
off 2 to 4 points with these being
slightly extended in the ensuing
dealings. Offerings dried up,
however, when wheat opened 2
cents a bushel higher, and the
market quickly retraced its way
to Saturdays finish.
Trading Moderate
Trading was only moderately
active throughout the morning
There was some Southern and
wire house selling in initial deal
ings and little local liquidation.
But this dried up around the
noon hour. Domestic trade
sources and Wall Street were
fair buyers late in the forenoon.
Far Eastern interests bought
sparingly.
The New York Cotton Ex-
change service today reported
that world consumption of
American cotton was we'll main
tanned during April. Total for
the month was approximately
1,148,000 bales, compared with
1,173,000 in March. 1,135,000 in
April last year, 1,093,000 two
years ago, 1,004,0O0 three years
ago and 1,064,000 four years
ago.
With the exception of the
Orient, where mills are using a
larger proportion of Indian and
Chinese cotton than last year,
world mills used more American
cotton in April this year than in
April a year ago.
Noon quotations were un.
changed to / point lower. July
was unchanged at 11.43, October
unchanged at 1853, December un-
changed at lila, and January
off 1 at 11.78
The Washington times., 1934-05-28
Y YOUNGSTOWN s
RATE RISES

YOUNGSTOWN district steel plant
operations start the week up two
points at SO per cent of capacity
as a result of a slightly higher
ingot melting rate at two valley
openhearth plants.
Fifty-three of 81 openhearth
furnaces probably will melt. and
the rate through the week is un'
likely to drop below so per cent
Repairs were a factor in the
recent downswing in the melting
rate, and valley furnaces now are
in shape for heavier operations
if demand for shipments before
June 30 increases as expected.
Throughout the valley there Is
a better feeling. One steel pro-
ducer cancelled a plan to drop
raw steel output Is per cent while
one or two fabricators report that
demand for their products is
slowly increasing. The SO per
cent compares with Al per cent
in the like week of 1888, "a per
cent two years ago and Al per
cent three years ago.
The labor situation is growing
more serious, with positive state
ment by steel executives publicly
and privately that they will not
recognize the Amalgamated Asso.
citation of Iron, Steel & Tin
Workers for collective bargaining,
and threats from labor leaders
to strike.
Less than 10 pc" cent of the
steel workers in the valley are
organized, but attempts will be
made to enlist all in the walkout
called for June 16 by the Anal
gamated in the event the Union
is not recognized by June 10.
The situation, for the first time
in valley labor controversies, in.
wolves workers in steel fabricating
plants, since these have organized
unions in addition to the company
representation plan.
Amalgamated lodges have been
established in almost every steel
plant in the Mahoning and
Shenango valleys. with more than
16 lodges in the Mahoning Valley
alone.
The Washington times., 1934-05-28
v':S; :;.;.ssss s;;ss''' N. Y. Bond Quotations

NEW YORK, May 2S.-G.N.SJ.
The bond market showed a dis
position to work higher today,
with Selected Rail and Domestic
Corporation Liens attracting fairly
active demand.
Great Northern Is featured the
carrier list with an upturn of
more than a point. Southern
Pacific 41as Of TT, Katy Adjust
ment SIS gained " to SAY, The
Southern Railway 6hs, New York
Central Convertible IS, Erie SIS Of
'76, and st. Paul Adjustment SIS
followed with smaller gains.
Studebaker IS and Warner
Picture IS edged up fractionally
in the industrial classification.
U. s. Government were irregu-
lar, with nominal advances in the
Treasury As and Treasury 4As Of
As offset by similarly unimport-
ant declines in the Liberty 4th
4AS and Home Owners Loan IS.
steady, while Foreign Govern
Investment Grade Liens were
steady. while Foreign Govern
ments were little changed.
The Washington times., 1934-05-28
CENTRAL APRIL
EARN|NCSR|SE

New York Central Railroad Co.,
including leased lines, earned
net operating income Of $2,587,'
O45. for April, an increase of ST.
115,964 over a year ago. Gross
revenues totaled $24.940,917, a
gain of $4,536,930 over the same
1888 month.
For four months of the calen.
dar year gross amounted to $780,
473,804, an increase Of $780,
568 compared with a year ago
Net for the four months was $10,'
798,240. up $5,791,092.
April operating ratio was 1871
per cent according to the report,
a decrease Of IL per cent com
pared with a year ago and for
the first four months the ratio
was TAB per cent a decrease Of
"a per cent compared with 1888
period.
Pittsburgh & Lake Erie April
net operating income was $215,-
$50, up $110.626 from a year ago.
Gross increased $311,649 to ST..
206,S91.
April net of Rutland Railroad
was $3,508 under a year ago, but
gross increased $9,858.
The Washington times., 1934-05-28
Dividend Meetings
Scheduled TOdag

Compiled by Fitch Pub. Co.
American.HaWaiian 8. 8. Co.
(com).
Armour & Co. Del0 (pfd),
IL m.
Backstay welt Co. (com.).
Brazilian Traction, Light &
Power (pid) Approx.
Briggs & Stratton Corp. (comn
Chicago Dock & Canal Co,
Conn. Approx.
Clorox Chemical Co. (class AZ,
2 p. m.
Commonwealth Utilities Corp
(pfd. A and b.
Draper Corp. (com), 1870 p. m
Hollinger Consolidated Gold
Mines, Ltd. (comO. Approx.
Johns-Manville Corp. (pfd)
Kansas Electric Power Co.
(pfd0, 3 p. m.
Landed Banking and Loan Co.
(com.), II a. m.
Metropolitan Edison Co. (pfd0
3 p. m.
Mississippi River Power Co.
(pfdO.
New Hampshire Power Co.
(pfd0. Approx.
New Jersey Power & Light Co.
(pfd).
Penn Central Light & Power
Co. (pfdO.
South Penn Oil Co. (comJ. 10
3. m.
Southwestern Gas & Electric
Co, t(pfd.)v la. m.
The Washington times., 1934-05-28
BUFFALO PLANS
BOND SALE !.

The City Of Buffalo plans 70
receive bids June 26 on $4,000, 600
bonds. OF the total amount, $6.-
100000 will consist Of refundipg
obligations, due in one to 70
years, and 100000 will be ye.
lief bonds, due in 10 years.
Under the 1934.35 budget en-.
dorsed by Mayor George j. Zina-
norman Of that city it is pro-
posed to refund 100000 debt
due this year and include $40.
791,959 debt service in the bud
get. The latter consists of $6,253-
979 principal and $4,53s,979 IN
tereSt.
Bufalo's most recent bond sale
occurred late in February when
Chase National Bank ana -.
sociates bought $4,000 10-year
relief bonds at $100.32 for 4As.
Reoffering was made to, yield
40 per cent.
The Washington times., 1934-05-28
STRIKE THREAT
SEEN BLOW
To STEEL

Labor uncertainties continue to
be the dominating influence In the
iron and steel markets, the maga.
zine Steel states.
June 16 has been set by the
Amalgamated Association Of Iron,
Steel and Tin Workers as the date
for q strike If its demands for
recognition are refused, and re
fusal appears to be certain, the
publication reports. The uncer.
tainty of the whole situation arises
out Of the fact that the strength
Of the amalgated association is
such an uncertain quantity that
the industry as a whole entertains
no serious misgivines concerning
a strikes effectiveness, Steel adds.
Operations Lower
The labor phase, says the organ,
was reflected last week in q fur.
ther moderation in steel works
operations, with the rate declin.
ing two points to 81 per cent of
capacity, but Steel states further
Specifications from some Of
the leading consumers have de.
clined because they have been
stocking heavily over recent
weeks in anticipation of strikes
and possible interruption of de.
livery Of material. Automobile
parts makers especially have
been cautious through fear of
being caught with excessive in
ventOries, in the event AutOmO-
bile manufacturers themselves
are forced to more serious cur.
tailment in production"
PRICES UNCHANGED
This week on June /, iron and
steel producers will open their
books for the third quarter on
practically all products at un.
changed prices. Mill quantity
extras on plates, shapes and bars
probably will go into effect June
l. A revision in the method of
quoting boiler tubes contemplates
placing prices on a lineal foot
basis, also with some changes in
the list of extras. Steel piling
was advanced SO a ton, effective
May Is.
The publications steel scrap
composite was down so cents to
$1O.71 a ton last week, the lowest
point since last December. Steel's
iron and steel price composite
held at $34.77, and the finished
steel index was at $54.80.
The Washington times., 1934-05-28
u S. AprilAuto
Sales Climb

Sales Of passenger cars in 80
states reported 50 far for April
total 179,S78. according to r. L.
Polk q Company. These states
represent S4.31 per cent Of the
United States.
In April, 1888, automobile
registrations in the 80 states
numbered 1O1,172 which makes
the unit figure Of 1883
greater by 77.79 per cent. The
sales in April, 1884, also rep
resent an increase Of 31.O4 per
cent over the March, 1884, reg
istratiOnS, when 1925 cars
were sold.
Truck sales continued their
substantial increase over 1888,
in 40 states representing 77.O4
per cent Of the United States,
truck sales tOtaled 3O,622. This
represents an increase Of 1876
per cent over April. 1888, when
1929 commercial cars were
sold, and an increase Of 14.52
per cent over March, 1884, when
truck registrations amounted to
26,7S9.
The estimate for commercial
car registrations during April,
1884, now stands at $4,000 Polk
reported
The Washington times., 1934-05-28
WHEAT SOARING
AND ACTIVE

CHICAGO, May % G.N.sJ.
Grains scored sharply today un-
der the influence of bullish crop
news, wheat advancing as much
as 3b cents in a heavy turnover.
Pronounced strength at Mime
apolis and Winnipeg aided the
rise, bringing in active commission
house buying.
July wheat hit 943z cents for
q gain of 3b cents, a new high
for the season.
Corn and other grains we're
from 1M to 2b cents up, with
July oats up to 393s cents, the
highest price since the middle of
November.
Near midsession values were
around the top, wheat being az
to 3h cents up, corn 1h to 19s
cents up. oats 2 cents up and rye
~ TO- 21s cents up.
The Washington times., 1934-05-28
AMERICAN |. c.
NET IMPROVES

Net earnings Of American I. G..
Chemical Corporation for the fis.
cal year ended March 81, 1884,
after interest on debentures, taxes.
general and administrative ex.
penSeS and other charges
amounted to $1,320,325, according
to the fifth annual report. This
compares with $1,245,621 for the
previous year. Earnings are equiVa-
lent to $1.68 on each share OF
Common A stock and II cents
on each share of Common B out
standing, as compared with $1.56
and 16 cents per share respectively
during the previous fiscal period.
During the year just ended total
income amounted to $3,405, I'LL
After deducting general and ad'
ministrative expenses and taxes,
but before debenture interst, net
profit amounted to $2,S18,031 as
compared to $2,S75,797 in 1888,
Interest on debentures amounted
to $1,497,705, so that net income
was 1.88 times requirements.
Capital surplus was increased
by $247, ,621 to a total of $6.932 ,055
as a result of net adjustment for
write down of investments to
market and recovery through sale
of securities previously written
down. Earned surplus, including
the net income for the past
fiscal year, totaled $S,695, ,739, so
that combined surplus amounts
to $15,627,795
All investments and other mar
ketable securities are carried at
book value, cost or market,
whichever is lower. Current as
sets of $16,036, $50 included So, 1885,
355 in cash, $12,122,831 in market
able securities, $4,000 receivable
from a subsidiary company and
$55,322 in accounts receivable.
Marketable securities increased
$2,491,740 in value during the
year. Current liabilities were
$689, ,045 which compare to cur
rent assets in the proportion Of
1923.
The total assets of the Company
were reported at $65,839,S37 as
compared with $63,748,245 on
March 81, 1888. Investments,
including subsidiary and asso'
ciated companies, amounted to
$45,191 ,499 as compared with
$43,2S3,5S4 at the end Of the
preceding fiscal year, an increase
of $1,907,915.
The Washington times., 1934-05-28
43 Rail Nets
Rise Sharply

The first 43 railroads to re-
port April earnings had net
operating income in that month
amounting to $22,0O1, 900, COM
pared with $13,42O,OOO in the
like 1888 months. increase Of
63.9 per cent, and with $15,742,.
900 in April, 1882, an increase Of
1913 per cent. In March this
year their net operating income
approximated $3O,975,OOO, an in
crease Of 1908 per cent over the
$780,, 900 registered in the
comparable 1888 month.
Their gross revenues in April
this year aggregated $149,S62,-
900, against $125,919,O0O in
April, 1888, increase Of 1910 per
cent, and against $l49,O 900 in
April, 1882, an increase Of O.5
per cent. Their March, 1884,
gross amounted to $l64,435.OOO
compared with $122,311,OOO in
the like 1888 month, an increase
Of 34.4 per cent.
The Washington times., 1934-05-28
v:!css $1,000 ';s=::' :s:: N. Y. Curb Quotations y

NEW YORK, May 28.-0.N.sO.
The Curb Market found the line
Of least resistance to be generally
in the direction of higher level
today, with a sprinkling Of de-
mand carrying the majority of
favorites slightly above previous
closings. The final agreement
on the exchange regulatory bill
accounted for some professional
short-covering, although the pub
lie still showed no inclination
to enter the speculative arena.
Utilities gave a good account
Of themselves, with Consolidated
Gas Of Baltimore especially prom
inent with a gain Of q full point
to SO. American Gas and Electric
rose " to 243s, Electric Bond and
Share was up 2s at IA "a, and
American Light and Traction was
% higher at 14K2.
Aluminium gained u point to
81 in a firm speciality division,
with nominal gains registered in
American Cyanamid B, Swift and
Greyhound.
Hiram Walker was prominent in
the alcohols, Gold Shares were
somewhat more active than in
recent days, although price
changes were negligible. Tech
Hughes managed to exc out a gain
of 1s at 6A.
Oils were dull, with Creole up
70 at 1917, and International
Petroleum unchanged at 81.
Utility Bonds were quiet, with
Electric Power & Light SIS re-
cording an early gain Of "a at
A.
The Washington times., 1934-05-28
Fastest Freight
Train in Service

New York Central Railroad has
placed in regular service the
worlds fastest freight train, which
Is operated at passenger train
speed, it was announced yesterday
The new train handles only less
than carload freight. It covers
the 43S miles between New York
and Buffalo in 10 hours and Ii
minutes. The entire train is made
up of express refrigerator cars
equipped with passenger type
running gear.
The Washington times., 1934-05-28
GUARANTY SEES
IMITATION IN
S|LVERSTEP

An additional strong element OF
uncertainty and a new initiation
ary influence in the outlook for
our money system is seen by the
Guaranty Trust Company as the
principal weakness Of the plan
to broaden the use Of silver as q
base for money, as proposed in
the silver purchase act bill intro
duced in Congress.
The trust company in the cur.
rent issue Of the Guaranty Sur
vey states that the Presidents
message to Congress indicates
that his ultimate objective is to
cooperate with other nations in
laying the foundations Of bi-
metallism.
Just a Step
The increased use of silver in
the United States, the Survey con-
tinues, is apparently regarded as
merely a step toward that goal.
The chief objection the trust
company finds, from the practical
point of view, to international
bimetallism, aside from what it
considers the virtual impossinility
OF obtaining international agree
ment on the ratio, is the charac-
ter Of the alleged benefits to be
derived from the bimetallic Sys-
tenn, together with the highly
dangerous effects that might i'm.
mediately follow an attempt to
introduce it,"
Needs Stability
The Survey reports that some
authorities have maintained that
an international bimetallic stand
ard might reasonably be expected
to show somewhat greater sta
b1lity than a single gold standard.
"But it 10 obvious that q shift
to international bimetallism
would involve a worldwide pro-
cess Of currency debasement, the.
immediate object and ultimate
effect Of which would be in.
flatiOnary.
What the world needs above
AL else in its currency at pres
ent is the greatest possible as
Mrance Of stability"
The Survey expresses the opin.
lon that the legislation now under
consideration is, on its face, not
designed to set up a bimetallic
system for the United States.
Not BimetalIism
Bimetallism, as commonly un.
derstood. it declares, implies lin.
tied coinage of the two money
metals at the legal ratio and the
use of both metals for redemption
of other form Of currency on de-
mand.
The Survey continues:
"NO form of United States
currency is now redeemable in
coin except at the discretion of
the Secretary of the Treasury,
although the Treasury Is under
obligation to exercise that dis
cretiOn in such q manner as to
maintain all forms of currency
at parity with gold.
"The application Of this prin-
cfple to q bimetalIic system
would involve the maintenance
of the currency at a parity with
both metals, and hence the
maintenance of the legal price
ratio between the two metals
themselves.
'Inasmuch as the metal con-
tanned in q silver dollar is now
worth less than IS cents in the
open market, it is obvious that
drastic changes would have to
take place in the price of silver
in order to make the American
monetary system bimetallic in
any significant sense"
The Washington times., 1934-05-28
WESTVACO PAYS

Westvaco Chlorine Products
Corporation has declared the regu-
lar quarterly divident Of SITS on
the preferred stock, payable July
2 to stock Of record June IS,
The Washington times., 1934-05-28
SWIFT co. DIVIDEND

Swift & Company has declared
a quarterly dividend Of 1917 cents,
payable July l to stock Of record
June 9. Similar disbursement was
made in the 2 preceding quarters.
The Washington times., 1934-05-28
WOOL MARKET

NEW YORK, May % INs.).-wooi
quiet. domestic fleece. uhwashSd, Ohio
& Pennsylvania, 26@3Se; domestic
pulled Acoured basis, e5Qs7e; domestic
territory. clean basis. SS@S3es