davidaulloa/AmericanStories huggingface dataset:
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1934-08-10

Among the summer visitors to
minneapolis, recently, was Mrs.
Matte McNair Of Chicago, who
was house guest of the F. K
Macks of Fifth Ave. S. Mrs. Nc
Nair has extensive property hold
ings in Minneapolis.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1934-08-10

Recently Mrs. Susie Gritty and
daughter Jessie Dean, Kansas City,
Kansas, were the house guests OF
Mr.. and Mrs. Phillip Ware of 1929
Clinton Ave. Mrs. Gritty is the
sister of Mr.. Ware.
The Washington times., 1934-10-25
COTTON PRICES
CHANGE LITTLE

NEW YORK, Oct. Is G.N.S).
The cotton market was a rather
quiet affair today as futures
backed and filled in a narrow
range, at or slightly under the
previous close. There was little
incentive from outside sources,
grains ruling somewhat higher.
but stocks displaying an unsettled
tone in highly irregular dealings.
AS the session wore on the ini.
tial small gains were wiped out
and the list drifted below last
nights final quotations.
A mild furry of buying was
traced to brokers acting for the
Far East. while domestic trade
sources and the continent were in
the ring for small amounts of cot
ton. Spot firms, locals and the
South were on the selling side.
Around the noon hour, futures
we're unchanged to 2 points lower.
October was off l at 1924, Decem-
ber off 2 at 1896, January off l
at 12.41, March unchanged at
12.45. May off 2 at 12.49 and July
unchanged at 1888.
The Washington times., 1934-10-25
FUTURES.
FALL BACK

CHICAGO, Oct. Is G.N.S).
Grain prices fell back after early
firmness today and the market
displayed a sluggish tone around
Yesterdays closing levels in
dull trade.
Liverpool was higher early but
fell back. Winnipeg, however,
was firm and Buenos Aires and
Rotterdam were higher.
Near midsession wheat was un'
changed to 1sc lower, corn un-
changed to 3sc higher, oats un'
changed to H4c off, and rye 70 to
3sc up.
The Washington times., 1934-10-25
COTTON GOODS

NEW YORK. Oct. 25 G.N.SD.-Little
Improvement was perceptible in the
coarse yarn cloths market today. as
traders still appeared worried about
the possible scrapping of production
control intimated by Washington
sources early in the week. Most
cloths were not changed in asking
prices hut buyers were in no mood
to cover more than their immediate
needs. and these apparently were few.
However, there was a growing belief
in the market that the danger OF
removal of the machine hour lim'ts-
tion In the cotton textile code had
been exaggeraed. yet there was M
escaping the fart that buvers had re-
reived hsd scare and had not as yet
fully recovered.
The Washington times., 1934-10-25
Wholesale Food
Prices Up Gent

Continued weakness in whole
sale markets for foodstuffs is re-
flected in a further drop of cent
in the weekly food index compiled
by Dun g. BradStreet, Inc.
This marks the fourth sue
cessive weekly decline and brings
the index for october % to $2.37,
the lowest level since August 2l
and q loss of "a per cent from
the 1884 peak of $2.43 registered
on September Is.
The Washington times., 1934-10-25
HOLCBondI Issue
OverSubScribed

Subscription to the Govern
ment's offering of $5O,OOO, 900 in
Hole 3 per cent bonds
amounted to about $4,000, 900,
Secretary MOrgenthau an
nOunced today.
"The offering was a COM
plete success" Morgenthau said.
These bonds, which are fully
guaranteed as to principal and
interest, were distributed
through private SSyndicates.
The Washington times., 1934-10-25
observation-disclosures
Earnings Improved

Sherwin-Williams Company, in
cluding subsidiaries, reports for
the year ended August 81 a net
profit of $4,26s, ,49s, after interest,
depreciation and Federal taxes
equal after 6 per cent preferred
dividends to $5.29 a share on
635,583 shares of $25 par stock.
This compares with a net profit OF
$3.178,67S, or 1884 common
share, in the previous fiscal year.
The Washington times., 1934-10-25

Now ordinarily in normal times,
the bulk of banks loans are
Commercial loans" and such loans
give rise to deposits. When a
business man needs to borrow for
business purposes, he goes 70 his
banker and explains how he car
use a loan in a profitable way. II
the banker is convinced, he makes
the loan.
But such a loan is made in the
shape of deposit credit" and gives
rise to a demand deposit. You
see, the banker gives the business
man the right of drawing checks
on a deposit-loan-lendS him de-
post credit.
Such derived deposits" coming
from loans to business men, mean
that loans are going into produc-
tive use.
In recent years, however, the
bankers have been urged to ex-
tend credit to the Government,
and have done this by taking bill
lions of Government securities.
This also increases their deposits,
but such deposits do not repre-
sent business activity. They rep
resent Government spending for
relief. public works" etc., and
Covernment loans to insolvent
railways, banks, etc.
The important points for us to
keep in mind are these:
/. The banks have made huge
1oans-to the Government. (They
are carrying over half our public
debit
2. Their large demand de-
pOSits have come from the credit
thus spent by the Government,
and do not represent productive
loans made to business. The ex-
isting deposits largely stand
for Government debt. They are
not sound basis for further
large loans to business.
3. The deposits are thus in
f1ated, and show danger of uncon-
trolled initiation. The more the
Government borrows and spends,
the larger the deposits in the
banks. Then the larger the de-
posits, the more the Government
seems to have from which to bor-
row.
We must remember that credit
is alwavs debt. And today, bank
credit is largely Government debt.
The Washington times., 1934-10-25
Exports of Wheat
TOP Previous Week

Exports of wheat. including
flour as wheat, from United
States and Canadian ports, as re-
ported to Dun & BradStreet, for
the week ended october totaled
4.05O,030 bushels, as compared
with 3.318,952 bushels in the pre-
vious week and 6,717,456 bushels
in the corresponding week of last
year.
For the season, July / to date,
wheat exports aggregated $780,
789 bushels as against 62,723,095
bushels for the same period year
ago.
The Washington times., 1934-10-25

NAAOAA . kSlAAOoB
and the whole list turned slug.
gish in sympathy.
The selling ran its course by
the end of the first hour and a
firmer tone developed. The rally,
however, was held in check by
pressure on the utilities.
Johns Manville was an out.
standing strong spot in the build
ing group, rising more than a
point to the best level in months.
The Presidents emphasis on the
housing drive, in his talk to
bankers, was a stimulating in
fluence.
Steels we're sluggish, though de-
clines were kept within fractional
bounds,
The Washington times., 1934-10-25

in demand de-
poSits. AS you
m ay g u e S S,
there is a di-
rect rela ton
b e t " e e n the
two.
The Govern
ment securities
represent Gov
ernm e n t bor-
row ing a n d
D u lie debt.
T he Gov ern-
m e n t borroWS
to spend. Its
/ n c r e a S e d
Ape din is
The Washington times., 1934-10-25

by t u r n l n g
down in the
f ace of the
peace pact ef-
fected by the
President and
the bankers last
night.
T he unset.
tling influence
was a rush Of
profit-taking in
the rails after
yesterdays late
upruSh. Carrier
S n a r eS gave
way l to more
The Washington times., 1934-10-25
CATERPILLAR EXTRA

Caterpillar Tractor has declared
an extra of so cents a share and
the regular quarterly dividend u
25 cents share. both payable No
vember 80 to stock of record No
vember Is.
The Washington times., 1934-10-25
Dollar, Sterling
Rise Checked

NEW YORK, Oct. rs N.N.SD.
The flight from the gold cur
rencies showed signs of abating
today as the rise of the dollar
and the pound sterling was
checked, after both rates had
made new highs on the move
ment.
The Washington times., 1934-10-25

what has made the demand de-
posits grow.
In fact, if you allow for the
shifting of time deposits to de-
mand, you find in bank loans to
Government the chief explana-
ton of the large deposits in the
banks.
In a real sense, the purchase
of Government securities by
the banks is lending to the
Government. 1t may bt looked
at this way: Business has been
poor, so business men have bOr-
rOWed little. But the Govern
ment has stepped in and bcr-
rOwed billions to give relief ~
people who formerly earned
money in business.
Thus the banks have been
called upon to support Govern
ment spending instead of bust
ness expenditures. Their loans
(called inveStmentS} to the Gov
ernment have replaced loans to
business.
The Washington times., 1934-10-25
UTILITY SHARES
OFF IN F|RMER
DEALINGS
BY LESLIE GOULD

NEW YORK, Oct. Is G.N.SO.
The stock market today went
counter to general expectations
The Washington times., 1934-10-25
SEES NO BASIS
FOR|NCREASED
TRADE LOANS
BY LEWIS HANEY
professor of Economics, New
York University

In view of the interest in the
bankers convention, and the con-
fusion concerning the charge that
banks have not been lending as
they should, it may be we'll to
examine the bank position.
Compared with a year ago, the
significant changes in the bank
statement are as follows:
Billion
Dollars
Holdings OF Government securities 20
Commercial loans ............... -
Reserves with Reserve Bank ..... = %
demand deposits ................. - y
At glance, one notes that the
big changes have occurred in
Government securities held and
The Washington times., 1934-10-25

Canada
Montreal funds In New York S%O.OO,
premium at 81 900.
The Washington times., 1934-10-25

az Optional stock or cash tO Partly extra c' E,,r.
stock and (dD Extra in stock (eI Paid lO3y
~ On Of accumulatOnS. tE) NO reguIGr rate:
latest payment. CHI Payable stock. Special
(n) Paid this year !vwI With tzwI Without
(") Exdividepd ~ Ex-rightH
Dividend dolars in parsnthesea Extra
dividends published through regular e:yidend period
The Washington times., 1934-10-25
Volume This Year
275,9Ss,133 Shares

Net
High Low 1900 ch'gs
The Waterbury Democrat., 1934-05-05

brush was enough with that
weight. She went limp and IN a
second Jerry was ellnginw TO the
leading edge OF the wlnb with enc
hand while he tried 10 hold Lor.
rain from being blown on the SUR
face OF the wing with the othert
Fighting desperately, Terry
dragged her mort body up Until
he could get his arm under her
shoulders. Slowly he worked up
one knee until his too encountered
the strap Bot on the wing 10 that
he could find footing on Its
smooth surface when he made the
change. Sliding his too into the
loop, he eaBod his grip on the
leading edge and reached for tho
foot OF the ladder with his hand.
The pilot OF the plano above was
flying perfect formation, keeping
the dangling ladder within three
feet OF Jorry's head 30 that when
the time came they could make tho
change. Tho pilot OF the ship on
which they were riding was I'M
aware OF tho drama being enacted
out on tho upper wing tip ~ were
the others In the planes. To them,
Il all seemed as though jerry and
Lorrain were making wonder
fully realistic Job OF their acting.
Even M his fingers encountered
the ladder, Jerry wondered II II
would not DO better 20 try It and
make his way back along the wing
10 the center section. But he knew
that no could never do II. The wind
would tear thcm from the surface,
for with Lorrain In his arm no
could not get n strong enough hold
10 hope TO keep thom on the wing
The Waterbury Democrat., 1934-05-05

a. he pulled her along its top.
Therp was nothing TO II but try to
mount the iadder.
His fingers closed on the bottom
rung and no slowly drew himself
half erect. Hanging grimly to
Lorrain, he managed to work HIS
arm through tho rung. Then he
brought his head through tho
space between tho rungs and
hooked his chin over the rung. In
q fash no had released his hold
with his hand and u darted up 10
seize the rung above. Again no
went through tho Same process
and then no and Lorrain were
swaying on the end OF tho ladder.
IN that second Jerry realized
that he had left tho other plano
necdlcssly. II would have been
better TO stay on tho wing and try
to revive Lorrain. Suddenly she
seemed to mean far more TO him
than he had ever realized. He un
derstood why no had biindiy gone
ahead, taking desperate chance
10 save her. He chung to the lad
der marshalling his strength for
the task ahead. Then Lorrain
stirred In his arms. Finally she
seemed to realize where they were
and was able TO help herself some
what as they struggled up tho
ladder. They reached the edge OF
the cockpit and q moment later
The Waterbury Democrat., 1934-05-05

more was shown into JerTys
quarters.
wwhat happened this after.
noon 2" Gilmore burst out "xou
laet before we had 4 chance 20 see
Won. why run on that wnyS
bldn'e VOC know that there were
other pictures to be shots what
was the ideaS"
Then, before either jerry or Lor'
rain could answer. he continued;
"Rut listen, that scene on the
wing was great The camera plane
got Il and, best % All. sne Auto.
matte camera on the VINE UP Sc.
Il all. its q knockout! xeausuo
stunt The only thing 10 thAs YOU
forgot TO face the camern 20 weM
70 IN again tomorrow and shoot u
over In part. That part wneEe yOI
climb onto the ladder. IT'S too Dad
lures 10 keen your face toward the
onmern. hut, a. / said, stick to
Jake Gilmore and he'll make . star
out Of YOU hothl Staral Tn al
ways looking for starsi"
"Thon look at these utarsl"
Jerry growled az he parked Q VI
cious Highlander On JAKE o'i'
eteppinR over the PROSTATE FORM
Jerry reached down and picked up
Lorrain,
"iiston," no said, "you've been
Hayins that didn't talk enough,
Well, get this. From now on I'm
decidin' what we do, and the tirst
thing IL we get married In the
morning. Now, get up - your
room and get q rest. I'll take care
| OF that bird on the fioorl"
THE END.
The Waterbury Democrat., 1934-05-05

enter into an agreement 10 make
ono picture for you. Depending
upon the success OF that picture,
we will follow II with others. Each
pIcturo Is to feature US and the
stunts we do In the air. In return
for our part we are TO receive
a set sum of money, our expenses
out 10 the coast and back to our
winter base as we'll nB ton per
cent OF tho proceeds OF the plc.
ture. Am ! right?"
THAT'S II, young LADY, Right
on the dot except that / didn't
mention your expenses back to tho
baso where you keep your planes
during tho winter" Then, seeing
the expression OF Lorrnin'B face,
he hastily added: "Howevor, that
IA n small item well let 20 along
with tho rest! Mamouth Pictures
Ia not tho Arm TO bubble over
trifieB nor Ii Jake uilmoro!
FOR A MINUTE LOlsllAlN
LOOKED AT JERRY
For an instant Lorrain looked at
Jerry. He sat In his seat, mute.
He rarely did have q great deal 10
say, she reflected. That was his
trouble. Jerry was without o peer
In tho stunt business; he changed
from one plane TO another py
means Of q rope ladder, no clnmb-
cred all over the planes In flight,
he was an expert parachute
| dropper --- there was little IN tho
stunt line he could not do and sho
realized that her part In tho team
was a minor role. She was tho
"fomInino Interest" In the act.
Jerry was the act. But he was u
poor talker--he did not advance
his own ability. IN other words,
Jerry was u poor Snowman. no
left tho talking about their ability
TO Lorrnin.
As he met Lorrains level look
Jerry shrugged his shoulders AMI
raised his eyebrows. lilo was leav-
| ing tho decision to her, ~ usual.
There was one thing In particular
that Lorrain wished Jerry would
speak out about. She knew his
mind, knew how he felt, but !.
abruptly she turned her head and
faced Gilmore.
"All right. Mr. Gilmore" she
announced. "Within ten days af-
ter the seasoh III closed, wen land
at Hollywood, ready TO start your
picture. You say II Will BIO u
thriller, changing planes In mid.air
and all the stunts we do included.
Wen be there, ready to go!"
"That's tho best decision you've
over made, young lady!" Gilmore
said heartily. you'll thank the
day you mot up with Jake Gilmore.
I'm practically Mnmouth Pictures
and I'm always looking for stars"
Then he added, improssively, eyes,
mani I'm always looking for
stars!"
The moment Gilmore had gone,
Lorrain turned on Jerry.
"Why don't you ever speak up?"
she demanded. "Can't you ever say
anything"
wood, didn't you" Jerry asked
quietly. well, We're going, aren't
WEI"
Lorrain snorted. That was typi-
caI OF Jerry. He'd do whatever sho
wanted TO do.
Three months later they were at
tho field In Hollywood, taking or
In their two planes with the pilots,
bound aloft to shoot the first
scene OF the thriller" A third
plane, carrying the cameraman,
accompanied them. The scene In.
volved q change Of planes In mid
air.
The Waterbury Democrat., 1934-05-05

According to the script, Lorrain
had gone up for ride In q plano.
A wheel had fallen of Just after
certain crash when II landed. Jer-
signal TO the other plano that q
wheel was OF. Thon, after no was
sure that the pilot understood, he
was TO signal that no would mako
change 10 the crippled plano
plano from his own and take tho
passenger back up the rope ladder
with him.
TO got O closeup Of the change
wing OF tho plano, tho movie com.
pany had Installed q small auto.
matte camera on tho top wing. tt
was controlled from tho front seat
whore Lorraine sat. When sho and
Jerry started to mako the change
back TO Jerry'B plano, she was to
pull tho release that sot tho cam.
era In action.
TILE DROP TO THE
OTHER PLANE WAS EASY
The drop to tho othor plane was
easy for Jerry. Tho two pilots
few their craft no that tho dang
ling rope ladder nearly touched
tho top OF the wing on tho lower
plane. Jerry ciambered down tho
ladder and inserted HIS toe In tho
strap placed on top OF the wing
to AFFORD him O foothold. Then no
released the ladder and was aboard
the plane carrying Lorrain. Cling.
Ing TO the leading edge Of tho top
wing, he worked his way along 10
the center section and then
The Waterbury Democrat., 1934-05-05
ny urNuy ". RussELL

nv HENRY II. RUSSELL
United Press star Correspondent.
London (UP)-pieture an good
M tho u. y, produced variety can
BIO made In Britain, but Elstree
never will replace Hollywood, ae-
cordlng TO Douglas Fairbanks, ST.
Fairbanks talked between tire-
some posing for still pictures At
British and Dominion studios, Ela.
tree, where Alexander Korda's
team OF film stars, led by Fair
banks, In ut work producing Don
Juan"
Good Productions
"Elstroe never will replace Hol-
lywood," Fairbanks said emphat-
ically, "but there II no reason why
Il should not be possible to produce
pictures In Britain which are every
bit ~ good a. the Hollywood pro-
ductions. or course, for the mos
ment, production In not 30 easy
hero an Il would be there. Holly
wood can call upon thousands Of
motion picture minded people az
extras, Here tho numbers are re-
stricted.
I'm some ways tho cost of pro-
ducing q picture at Elstree In bound
TO be much lower than ut Holly
wood. Labor In cheaper, for In
stance. But In Hollywood any ex-
ira can got to work for dino car
faro whoroas 10 get extras from
London 10 Elstree We have TO char
tor automobiles.
"There are at least ten actors,
or actresses, TO choose from for any
important aim part to DO acted In
Hollywood. Here tho choice In
nearly always restricted between
Film Quota
The main reason for Fairbanks
choice OF Eltree for the production
OF don JUAN" no said, was tho
British film quota. According to
existing regulations, at least 20 per
cent OF the pictures shown at Brit
ish picture houses must be British.
This led to a number Of foreign
companies to produce q certain
number OF small pictures In Brit
lain for tho express purpose OF COM
plying with the quota. Many OF
them, once registered with tho
authorities, never were shown.
They were simply quota Aims"
and, as such, straight losses. They
we're, In other words, the price
which motion picture producers OF
foreign extraction had to pay for
the privilege Of selling their big
films.
"United Artists now Is going to
try to produce its quota films ut
The Waterbury Democrat., 1934-05-05

clambered into the cockpit beside
Lorrain. They were ready for tho
return.
Together they clambered out Of
the front cockpit and onto tho top
OF the center section OF tho upper
wings, Jerry was doing his best
to make II appear that he was
helping Lorrain every inch OF tho
way. The angle that the camera
In the plane to ono side was taking
the picture made II more realistic.
On tho top Of the wing the small
automatic camera ground out its
film, making q closeup of the two.
Side by side they wormed their
way along the top OF the wing
until they reached the tip where
the rope ladder was dangling down
from Jerry'g plane. Then, In o
fash II all happened. In second
make-belicve became grim reality.
The rope ladder from Jerry's
plane was held steady by two Atty
pound lead weights hanging on Its
end. Ono of these just brushed
Lorrain's head az the planes rose,
and fell on the air currents. The
The Waterbury Democrat., 1934-05-05

Around the toUn. d. . Francis Corcoran WhO has
faithfully served Schneiders bakery for more than
quarter Of century, says he's IN the dough Serge
Mitkoaosy was asked ho he enjoyed the sights Of the
great Sahara. DESERT HIS ansa0er s0as, "B1rrem."
George Stevenson, genial teller of the CSe7s and Man.
dams Monday morning at st Joints church. Good
l.ck George. Keep young and beautiful Is the title
of popular song, bit If you can't sing talking to Jack
Works for Just fen moments wu help anyone retain
their youth.
The Waterbury Democrat., 1934-05-05
Good Evening.
NEWS wRITEMs

Hepburn is mentioned in line for divorce,
Latest auto models out in full force.
Cavalcade, Mata Hari all set for their PAGES
While Louisville seethes with crowds for the races
Desperate Dillinger still on the loose;
For spring tonic drink pineapple juice
Jersey asparagus and cucumbers are ripe,
Fashions for ladies favor the stripe.
Gunner in Gotham run bit wild;
The weather: farish and moderately mild.
EN-. En-.
The Waterbury Democrat., 1934-05-05
Stamp Roo mMay Be
Papered With Xmas Seals

Conway. Mass. (UP)--Harry
Sinclair, whose hobby Ii stamp
collecting, hopes to paper the room
In which he keeps his collection
with Christmas Seals.
He buys tho surplus Christmas
Seals OF the Holy Tuberculosis
Association every year.
Sinclair ~ Office manager of the
Farr Alpaca company In HoIyokc.
The Waterbury Democrat., 1934-05-05
Full many a rose doth blush unseen p

A tribute Full many doth blush unseen !"
The Grim Reaper with his abhorred shears removed from
our midst this week heroine tried and true Tried in the
fields Of her teaching for many decades True 70
her ideals and traditions of the best there is in life and she
was ever willing lead her students through these paths
difficult though the task at times Susan g. weston
certy She typical of the old school, content with the
simple and humble things Of life Charity her avocation
for she was always giving her tme-servces-an money
for else What greater love hath or woman
than down their lives for their felowmen Susan West
may have passed away put her inspiration ana good
works shall pass She earned her right to join the
staff of the Greatest Teacher and I'm He will find her as
found her-Honest, Faithful and True. Grateful
Pupil.
The Waterbury Democrat., 1934-05-05

Caught in passing. . . Chase Brass and Copper Com
many has entered into contract with the Commercial In
vestment Trust Inc of New York for financing sales Of
the new line of lighting fixtures to be marketed
shortly This arrangement affords opportunity to author
lied dealers merchandise the products small down pay
ments Dorothy Tarney has been released from st
Mary's hospital Nellie Mccarthy graduate of the
same institution is recovering from touch of the flu
Charley Seck construction foreman of the Southern New
England Telephone Company, underwent the surgeons
blade there recently and is convaescng appendxess
William Reilly, district of the First National
Stores is under observation at the Cole street home
Eleanor Lynch has been temporarily transferred to the
SNET office in Merden Marion Barnes, Helen Roberts
and Eleanor Lotv recently made their debut Saturday
night patrons Of the Big Boy Night Club in Wangford.