davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
PARADOXES CLOUD
SUGAR SITUATION
UNDER j. s. CURB
Philippine and Puerto Rican
Products Suffer as Cuban
Prices Soar.
BY JOHN A. CRONE,

Special Dispatch to The Star.
NEW YORK, December 1.-The
New Deal in the sugar industry has
lifted Cuban raws here to their high
est level since 1929, but dropped
Puerto Rico and Philippine raw sugars
to their lowest prices in history.
While Cuban raw sugar is selling
at its highest price here in five years,
it is selling in London at its lowest
sterling quotation in history.
Although spot Cuban raw prices
are advancing. futures quotations are
declining. Meanwhile, local retail
sugar prices are being reduced.
linked With Treaty.
These paradoxes in sugar are a
result OF our financial interests in
Cuba and our political efforts to help
the American farmer, even though
in so doing We might starve part of
the population of Puerto Rico and
the Philippines, who also happen to
be American citizens but are distant
from Washington.
Involved in this situation are the
Joncs-Costigan act, which is part of
the A. A. A. crop curtailment pro-
gram; the Cuban American trade
treaty. designed to move American
farm and factory products into Cuba
in return for larger Cuban sugar pur-
chases, and the Cuban minimum price
decree.
The present spot price of raw sugar
reflects the workings of the Jones'
Costigan act. which allotted quotas
to various areas and made allotments
retroactive to January /, 1884. Puerto
Rico and the Philippines soon used
up their quotas. so were compelled to
store over-quota sugars here under
bond until 1885. when they can be
charged against 1885 quotas. Reflners
here, cut off from virtually all foreign
sugars except Cuban, were compelled
to buy Cuban for immediate use. This
reduced Cuban sugar stocks here to
$4,000 tons, the smallest amount at
this season since 1925.
Upset by Two Factors.
IlC dII W do uDoCG
by two happenings. The total sugar
use on which quotas were allotted
proved to be poor guess. The United
States is not consuming as much sugar
this year as the A. A. A. expected.
Then Cuba on September 4, the effec-
tive date of the trade treaty, put a
minimum price on its sugar of 2.29036
cents a pound.
When this minimum price went into
effect reflners here naturally bought
first the stocks of sugar available in
local licensed warehouses. This buy
ing, back in September, lifted ware
house prices from around 100 to 2.10
cents a pound. 1t resulted in the
heaviest movement of local warehOused
sugar stocks in history. Sugar stocks
had been built up here to record
figure of $4,000 tons by August 10
in anticipation of a lowered Cuban
duty They melted away under the
brisk buying that followed.
tcopyrisht. 1934D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
s. {. c. RULE CUTS
EXCHANGES TOTAL
Number May Be Reduced as
Low as IS, Compared
to Previous so.
BY The Associated Press.

BY the Associated fTeSs.
A substantial decline in the number
of securities exchanges in the United
States is resulting from the operations
of the Securities and Exchange Com
mission.
Two of the marts have ceased bust
ness as a result of the commission S
action. and several others have closed
both because of the commissions work
and because they had existed almost
in name only for the last two years.
In the latter cases the detail OF
registration and the formallty re-
quired brought about the actual clos
ing.
There were, roughly. so exchanges
when the commission began operat-
ing. The number is now about As
and it may go as low as IS.
. The business done by the minor
exchanges was negligible from the
viewpoint of the total volume. Off
Gals says some of them served mainly
to provide a market place for issues
traded in locally and sometimes IA
cilitated promotion of worthless stock
In the case of local stocks trading
was virtually over the counter. This
is expected to continue.
For that matter. the commission
has a problem in deciding what an
exchange is. The big exchanges have
tickers, rings, pits and the other
paraphernalia of stock trading on a
big scale. Smaller exchanges may
have only a blackboard, or prices even
may be carried in the heads OF the
traders.
The dividing line between an Or
ganized exchange and simple trading
among individuals in brokers' office
is indistinct, but the commission, as
we'll as members of the securities
business, will have to make the dis
tinction when regulation of overtime
counter market begins.
The commission this week gave sew
eral exchanges longer period of ex-
emption from registration, both for
further study of the exchanges and
pending more exact determination of
how various classes Of exchanges are
to be supervised.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
Arlin etOn Banks Send Out
10000 Yule Sapings Checks

figure for last year is obtainable, since
accounts were not carried through.
This year the three banking offices
of the Old Dominion institution car
ried about 1900 accounts, totaling
$24.865.
The Arlington Trust Co., Rosslyn,
carried $50 accounts this year, with
value represented by checks sent
out yesterday Of $34,630, as against
$32,l65 last year.
Clarendon Trust Co. sent out 600
checks for $25,804 yesterday, as
against SIS 1892 last ,year.
The East Falls Church branch of
the Bank of Falls Church was unable
to supply separate figures for the Ar
lington County accounts, but esti-
mated the number at 200 and the
value at approximately $4,000. 1t was
said accounts last year amounted to
81 500.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
1895 CHRISTMAS
SAVINGS STARTED

Washington banks yesterday re-
ported marked interest in the new
1885 Christmas savings clubs which
were opened on Friday, the day after
Thanksgiving and also on Govern
ment pay day.
Several banks reported that a good
many more Christmas savings &C
counts were opened on the first day
this year than was the case year
ago. These reports appear to be in
line with growing interest in per-
manent savings accounts. The new
clubs will pay the same interest as
they did last year, ~ per cent.
The 10 local banks which main
tanned Christmas savings clubs during
the past year have just distributed to
55,307 club members an aggregate of
$4,362, 160, which will be an important
factor in yuletide shopping.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02

an equal footing at the 1885 shows.
For this reason, the company is
bending efforts to supply all its deal
ers at as early date as possible.
In other years the Ford company has
suited its convenience in bringing out
its models. The individual Ford
shows were arranged to suit the deal
ers' wishes. Having decided for 1885
to share in the New York, Detroit,
Chicago. and other metropolitan
shows, Ford will be compelled to stock
his dealers for orders that may be
obtained at these shows
Furthermore, If his announced goal
of selling 100000 Fords is to be
achieved in 1885, the company's sales
organization must be supplied with
cars from the very first day Of the
year.
<Copyright, 193l.l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
Basic Conditions
In Fifth District
Best Since Break

Basic conditions in the fifth Federal
reserve district appear more Favorable
Tor late Fall and Winter business than
they have since the depression set in. v
the Federal Reserve Bank of Richmond
said yesterday in its monthly review.
In comparison with other months
in the past four years. the review
added. October and early November
showed volume of trade fully up to
seasonal levels.
Rediscounts declined. but the bank
increased its direct loans to industry
and there was the usual increase in
the circulation Of Federal reserve
notes.
Employment changed little during
the month and remained the weakest
link in the business chain"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
Ne,c Ford Models Expected to Start Leaving
Production Lines Within Next Two Weeks

other manufacturers, Ford is at
tempting to make the car roomier.
Persons who have ridden in the new
car say that by rounding out the
interior, the Ford engineering staff
has made the inside space larger
without adding to the bulk of the car.
BY the addition of several noticeable
devices, Ford will make the new car
easier to get into and out of. We
may even see something in the way
of a collapsible running board.
The retooling of the Ford plant
at River Rouge is still in progress.
Nevertheless, with the production
scheduled to be under way within the
next two weeks, it is safe to say that
between $4,000 and $4,000 cars will be
of the production line by the FIRST
Of the year.
Ford will meet his competitors ca
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
COLGATE WILL SPEND
$5OO,OOO ON PLANT

Special Dispatch 70 The Star.
JERSEY CITY, December Col
gate-Palmolive- Peet Co. is embarking
on a plant construction and complete
modernization program at its main
manufacturing location here, involv-
ing a total expenditure of about
$5O0,000, according to j. A. Coulter,
vice president in charge of production.
The program is a result Of the COM
pany's present policy of using large
part of profits for improvement OF
plant and equipment and betterment
of manufacturing facilities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
JONES ROYALTY TRUST
PAYS 5000 IN MONTH

Announcement is made by the j.
Edward Jones organization, sponsors
of the ]. Edward Jones Royalty Trust
Of the regular monthly disbursements
for October Of s20.10 for each 81 900
certificate of series I. Total monthly
disbursements for the first seven
months Of 1884 for each 1000 certifl-
cate have been $1,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
DIVERSITY MARKS
INSURANCE ASSETS
10000 Different Issues
Held by 900 Firms-U. S.
Bonds Increase.
Special Dispatch TO The Star.

Special Dispatch TO The Star.
NEW YORK, December 1-Ap-
proximately 10000 different security
issues are held by 900 insurance COM
panies doing business in the United
States. of.which about $4,000 are Gov
eminent, State and municipal issues
and $4,000 are corporate issues.
The holdings of United States Gov
eminent issues OF these 900 companies
included in Poor's Insurance Co.
Holdings Volume, which has just been
released, total approximately $l,l53,-
500,0 and represents an estimated
increase of 100 per cent during the
last two years.
An indication Of the large interest
of the insurance companies in the
public utilities and railroads of this
country is shown by the extent of their
holdings in few of the principal bond
issues in each of these fields ranging
from 20 per cent to 81 per cent of the
amount outstanding.
Pub Utilities-Outstanding ms. cos.
4sss 1851. . $50. 100000 s1s,523 900
"A" 4Ias 81. $4,000. 900 24.o74 600
Phila FL 4ias '67 32.S16.OO0 HISS. 900
Milw. Ell. Ry & 1t;
IS 1881 49,. 45.49o 900 1874 900
Pac. Gas &, Elec.
1st g. ref. 4l2s
''F'' 1860 100. 100000 1908 900
bet Eds: gen. &
1851 ........ 10000 900 1890. 900
"A IS 40 - 3O,500O0O 1885 900
N Y Eds 1st &
ref. b 5s "A 30.O00.000 13.S43,OOO
Railroads
Atchison, Top. e.
As 1895. .151,934 900 3O,470,000
4iss :E II. $4,000. 900 1858. 900
ref. As 40. as.377,5oO 40.777.o 900
4lss "A" '65. $4,000. 900 32.s1O. 900
L. ref. As IS. .144711. 900 1882 900
Union Pacific r.r
IS 1877 100. 100000 21.1eO 900
d ref. As zoos. 65.s72.495 23.11e,OOO
Missouri Pac. 1st
1851 ........ 100000 2o.523 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
1924 BANKS REOPENED.

NEW YORK, December (P).-The
American Banker reports 1924 banks
that were closed following the national
banking holiday in 1888 have reopened
so far this year, bringing the total
number of banks operating on an un-
restricted basis to 1896 in the United
States as of December /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
BALTZ WILL MANAGE
RANKIN & co. OFFICE

r. G. Rankin & Co., nationally
known accounting firm, with Offices
in New York, Chicago and Washing
ton, announce the appointment of
Robert w. Baltz as manager of their
Washington ONCE, effective December
1. Mr.. Baltz formerly was associated
with the New York Offices of the firm
and for several years has been To-
Gated here.
Mr.. Baltz succeeds r. E. Heitmuller.
who goes to the Acacia Mutual Life
Insurance Co. as general controller.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
OPTION HOLDERS TAKE
PHILIP MORRIS SHARES
BY the Associated Press.

BY the Associated Press.
NEW YORK, December Holders
of options on Philip Morris & Co., Ltd,
common stock have exercised the
privilege to purchase 10,530 shares at
$3.50 a share and 1921 shares at $40
a share since March 26, 1884, it was
indicated in report filed by the COM
pany with the New York Stock Ex-
change.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
BY EDWARD w. MORRISON.


~ ETROIT, December 1.-The
Ford Motor Co. is quickly
preparing to embark on its
- 1885 production schedule. In
Detroit it is expected that
within the next two weeks the first
of the new Fords will be coming off
the production line
No previews have been held either
for dealers or for the press, but those
who have seen the 1885 models reveal
that no radical changes are being
made in body design or operating
mechanism.
The most pronounced departure
will be the increased wheelbase. The
addition Of several inches to the over
all length of the car will heighten
an impression Of slenderness. Like
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
Blizzard Raises
Hopes After Lag
In Retail Trade
By the Associated Press.

By the Associated Press.
NEW YORK, December 1-On
the heels Of complaints from
retail and coal sources that mild
weather in the latter half of No
vember had slowed down business
came reports of a blizzard raging
in the Midwest today.
According to some trade reports
the weather lately had been too
balmy for the comfort of retailers
who stocked Winter goods heavily
on the strength of prophecies
that the coolest Winter in 60
years lay ahead.
Railroad car loadings last week
reflected the reluctance of balmy
weather to yield to snow and ice.
Among the various classifications
coal loadings showed the largest
decline, compared with last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
PPROXIMATELY 2,750 Ar
" lington County residents will
receive checks tomorrow to-

emulation Of their Christ
mas savings accounts in the county's
six banks.
The checks were mailed out yester-
day from the banks.
While no figures are available to
make an accurate comparison, bankers
of the county are certain that Christ
mas savings in county banks this year
were far above last years.
The Old Dominion Bank Of Cherry
dale, with branches in Arlington and
Ballston, is q reorganized institution,
and was closed for several months
subsequent to the moratorium Of
March. 1888. so that no comparative
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-08

What a sale! No handsomer group
of quality coats anywhere. Note
the beautiful fabrics, the elaborate
fur trimmings and the unusual
price. Only a lucky purchase and
drastic price cut permits this low
price.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-08

Men, here's big, burly over
coats that will give the ut
most in winter comfort for a
little money.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-08
W0MEN'S FABRIC GLOVES

Women's imported fabric gloves.
All washable and extremely long
wearing. You must see these to
appreciate them.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

way to murder Franklinf" demanded
Calls incredulously.
Possibly. A man on his way 10
commit q crime isn't thinking rational
~ or he'd abandon his errand.
"No." Peter rose with an air OF
nnality. SIN sorry. Miss Shipley. hut
I'm afraid can't he OF much service.
Your argument concerning Rylie Is
very convincing. II seems logical to
believe that. he wouldn't have killed
Franklin. but instead. would have gone
20 his father and halted the wedding
In that way.
"But with Spears it was different.
He had already gone to every one he
could. He had even telephoned Am.
brose Carmody. anonymously, telling
him about Choo Choo Train. Every.
thing we know about the case clearly
demonstrates that Webster Spears was
doing everything in his power to stop
that wedding. There Is no good rea-
SON to believe he was not the man who
found in Franklin's death the only pos.
sible means Of preventing his mar
riage to Doris Carmody." .'
Il ~..r Ito Be Continued)
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

Mr.. and Mrs. r. S. Mcclure w.-.
dinner guests at the Max McClurs
home in Kennewick Sunday.
We are glad to note that Ha-,..
Mills was able to return to school -
Monday. VI
B. Kulas and family Of PaSco h,,.
moved to the Grandma Mills plss" :
Miss 0riel Young spent SUNDAY :.
her home in Finley.
The R. C. Ashby family eniovaa /.
picnic at the "old Mills place" SIM
day.
Mrs. H. Fisher Of Tacoma SpsD,
the weekend with her husband =
Hover.
Harry Murawski spent the weekend
in Vancouver with relatives. -
John Krohling, who is working "a,
Mr.. Ayers, spent a few DAYS Last
week with his family in Richland.
Miss Marie Evans returned homo
Sunday from Underwood. -
Paul Moore, who has been workins
at the ]. r. Ayers ranch, finished on
Saturday and returned to his home h
Kennewick. =.
Mr.. and Mrs. Jess Williams enter.
tanned at a party for the high school
Friday evening. ~~.
Mrs. j. r. Ayers attended the nj.
ano recital given by Mrs. Hopkinson's
pupils Monday in Kennewick.
Mr.. and Mrs. Wallin entertained
Mr.. and Mrs. II. S. Hughes and Ma,
Mabel at dinner Sunday.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

Mrs. j. r. Ayers was the guest of
Mrs. George N. MacCulloch of Pasco
Sunday.
Mr.. and Mrs. Harry Hampton visit
ed in Spokane the first of the week.
Mrs. j. r. Ayers attended the Pink
and Green club at the home Of Mrs.
A. A. Edwards in. Horse Heaven on
Thursday.
Mrs. Frank Montague will enter
tain the Hover Community club on
Thursday, April 10.
F. S. Mcclure sold his late potatoes
this week.
Mr.. and Mrs. J. E. Cochran enter
tanned at dinner Monday in honor of
their guests, Mr.. and Mrs. Sam Nc
Croskey. The guests included Mr..
and Mrs. William Cochran of Finley,
the Grover Montague family and Mr..
and Mrs. w. f. Ashby.
Manley Gest was dinner guest of
Robert Mccoy on Monday.
Several Hover folks attended the
recital given by the pupils of Mrs. T..
B. Hopkinson at the M. E. church in
Kennewick Monday evening.
Miss Louise Mccoy returned to
Cheney Sunday after spending the
Easter vacation with home folk.
Mr.. and Mrs. Sam McCroskey of
Colfax spent Sunday and Monday at
the home of Mrs. McCroskey's bro
Their, j. e. Cochran and family.
Mrs. B. B. Stewart and daughter,
Mrs. Landell and children spent Tues
day with Mrs. J. r. Ayers.
Mr.. and Mrs. w. r. Ashby enter
tanned Mrs. Matzat and Mr.. and Mrs.
Floyd Martin of East Kennewick,
also Mr.. and Mrs. Fisher at dinner
Sunday.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

between this girl and Spearsl Or
Franklin? If Spears were guilty.
hadn't his love for Doris Carmody
been the actuating motive for the
crime1 II so. why was Calls protect
Ing hint That didn't 1T But neither
could he make the sympathy which
this girl had aroused In him at In with
the fact that she had withheld the
truth concerning her visit to Webster
Spears. Nothing seemed TO ct In this
strange case.
His reverie was interrupted by the
dOOr-bell.
In spite OF his effort, he did not
know how well he succeeded In con.
cealing his surprise. His visitor was
Calls Shipley.
The friendly warmth of her blue
gaze was clouded with trouble.
She looked past him. into the book
lined room. exploring 1t with rapid
glance before she spoke.
II had hoped to find you alone. May
I come in?''
''Of course"
Peter drew his own wide chair closer
to the table for her and turned on the
reading light. The waning afternoon
had filled the room with shadows.
For himself, he chose chair still
recessed In gloom. where the lamps
pale rays might not betray the alert
CLEAN Of his eyes. and waited for the
girl to speak.
II suppose you know Web has been
arrested" she began uneasily.
He nodded.
.And Rylie Is being followed by de-
tectives."
Peter thought briefly how angered
Kilday would have been. had he known
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

Howdy Folks = Riches
seem to be a burden to
those who have them,
but so few Of them seem
willing to share the load
with anyone else.
TAIL
Share the load of your
Building Material trou-
bles with us. We MAIN
tain a large stock and q
competent service just
for that purpose.
TAIL
We should never judge
a persons popularity by
the number of people on
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

we have such good cpin-
ion Of ourselves"
TAIL s''
But you certainly judge
the popularity Of oar
fuel by the number Ct
users. This list groWS
steadily.
TAIL
And just as q neighbos
of ours says, there Is no
time like the pleasant.
We may think that LIE
is cheap, but not after
talking with a life IN
surance agent or under
going a major opera
ion.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

Ito Be Continued)
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12

the activities Of his detective had been
80 promptly discovered.
"Do you think either Of them had
anything to do with the crime" the
girl demanded.
She leaned forward. lips parted, try.
Ing to penetrate the dusk which pro-
tected Cardigan's expression.
do you think so?" the novelist par
ried.
Its unthinkable," declared the girl
yehemently. 'They aren't the sort who
murder people. They are Just nice
boys, both Of them. They aren't Grim.
inals."
"You ask me to have more conf
dence In them than you have" Peter
pointed out. "You admit that You
were afraid Rylie Carmody had some
thing to do with It, at hrst. You were
afraid to tell us that you rode home
from the church with him. You at
tempted to deceive Us about your visit
with Webster Spears last night And
after that visit. you changed your testi-
mony in regard to the remark Spears
made when he left the church"
Peters intent gaze studied the ex-
preston of the girls face. 'sYou must
admit" he concluded. "all this isn't
calculated to increase our belief In the
Innocence Of these two young men,"
Two spots Of color famed in the
girls cheeks. The earnestness Of her
manner, as she leaned toward him.
impressed Peter more than he wished
to admit. That's why am here" she
declared feryently. 1T IL largely my
fault that they are both under sus
picion. IL was trying to help Rylie.
That's why attempted to deceive
you. And Web was doing the same
thing. Oh" she caught her lip be-
tween her teeth. 'you don't need to tell
me how wrong was. I've discovered
that for myself. But Rylie didn't have
any more to do with Jim Franklin's
death than you did. Nor did Web. I'll
answer all your questions now. I'll
tell you the whole truth. want to
help. want ron to discover what q
terrible mistake You are making. I
did ride home with Rylie. didn't ad-
NIT It because-well. because was
afraid me might be suspected and !
didn't want anyone to know he had
returned to the church. That's the
truth. I was at Webs last night when
you and Sergeant Kilday called. but
we didn't want you to know Il be-
cause we were trying to change our
testimony 80 you wouldn't suspect
Rylie any more.
That's why denied what Web had
said at the church. That looked dam
aging for Rylie. too. Oh. rye been
very foolish. ! can see that now. But
| was only trying to help Rylie."
perhaps" suggested Peter. wed
better 60 down to headquarters. Kill
day will want to hear your story"
Calls shrugged hopelessly. "What
would be the use? He won't believe
anything say. now. no matter how
true It is"
"And you think l might"
II had hoped you would" simply
Sergeant Kflday terrifies me- He's
Q man-hunter. To him, this Ii just an
other murder. Some one must pay,
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-04-12
THE BRUTE

Mrs. why did Mrs. Swift leaV,
her husband?
Mr.. Y.-He lost all his money.
Mrs. Y.-How2
Mr.. Y.-She spent IL.