davidaulloa/AmericanStories huggingface dataset:
The Nome daily nugget., 1934-12-18
TOWNSEND DSAYS WILL HIDE
 OFF CONGRESS
(By The Associated Press)

WASHINGTON, Dec. IS -- pr. F. E. Townsend threatened to Tick the hide off Congress and send lem home for good" if his old age pension plan was not adopted.
The Nome daily nugget., 1934-12-18
NOTICE

You can save money by having the carrier deliver the Daily Nugget to your residence. Subscribe now, S2.OO per month.
The Washington times., 1934-01-10
CURB IS STRONG
AS BUYING IS
RENEWED

NEW YORK, Jan. 10 UN.S)
The curb market showed a strong
tone today with renewed buying
of aggressive character lifting
many Of the speculative leaders
to their best levels of the year.
The utility group was well
bought on a favorable weekly
power output report. Electric
bond and share gained ! to 123s
and fractional gains were general
Selected specialties showed good
sized gains, With Pepperell Man.
ufacturing jumping 3 points to
new peak at IS, and General Tire
and Rubber gaining 2A to 75A
Buker Hill was again the out.
standing leader in the metal list
chalking up a new gain of 1A
points to SO.
Hiram Walker was strongest in
the alcohol division, advancing / a
points to SIS.
Cities Service Common helc
steady at 21s and the debentures
were 1s higher at 1928.
Utility bonds were firm but few
gains of Importance were registered
in the usually active liens.
The Washington times., 1934-01-10
Stock Dollar Value
In Buying POWer Up

While the market action Of
commodities and bonds during
1888 resulted in a decline of the
purchasing power Of the dollar
held in cash or invested IN bonds,
the common stock dollar, as
measured by the action Of COM
mon stock averages, shows an
increase of 46.5 per cent dur
ing 1888, according to an analy-
sis made by Administrative and
Research Corporation.
Using the average Of whole
sale commodity prices as a gauge.
the buying power of the dollar
in cash showed a 12.1 per cent
decline for the year.
Based upon the action of bond
averages, the purchasing power
of the dollar invested in bonds
ended the year with a A per
cent decrease from January l,
1879.
The Washington times., 1934-01-10
Trusts Shift to Oil
And Motor Stocks

The first six investment trusts
to issue year-end reports Of their
operations show sales of equities
to have been concentrated largely
in the utility list, while a good
proportion of the expansion of
portfolios recently undertaken
represented shares of automobile
and oil companies, according to
the Standard Statistics Company,
of New York.
The utilities purchased in i'm
portant amount were Interna-
tional Telephone and Telegraph
and Western Union, while eight
of the % leading issues sold were
power equities.
The Washington times., 1934-01-10
|E|GHT CHANGES
| IN D, {, BANKS

The nine national banks and
six of the State banks operating
in the District Of Columbia held
annual meetings, to date, with
only eight changes in official
personnel so far announced.
The two most important moves
were the promotion Of w. Frank
D. Heron, assistant treasurer,
to the post of treasurer of the
Union Trust Company, and that
Of T. Hunton Leith, assistant
cashier, to the secretaryship of
Security Savings and Commercial
Bank.
PepcO Head on Riggs Board
William McClennan, president
of Potomac Electric Power Com
pany, was elected a director of
Riggs National Bank. Stockhold-
ers of this institution approved
an increase Of a million and a
half in capitalization through the
issuance of preferred stock.
George w. Slater was elected
q AAANSOOA "a G4AC 4NdG4O41d4 Ndp1Gd1
Bank and Howard P. Foley was
elected to the board of Liberty
National Bank, and E. H. NC
Lachlen a director of McLachlen
Banking Corporation.
Old directors of all reporting
banks were reelected, except
George Hewitt Myers and John
H. Tenna, who withdrew from
the directorate of Union Trust
Company because of other con.
nections.
Four Elect Officers
The old officers, with changes
above noted, were reelected by
the boards of Security Savings,
Union Trust, National Bank of
washington and Liberty National,
Equitable Life Insurance Com
upany was another local financial
institution to reelect officers and
directors.
In the metropolitan area s,
Walter Bogley, cashier, announces
the election Of the board of
directors of the Bank of Be.
theSda.
The Washington times., 1934-01-10
POWER OUTPUT
RISE IS SHARP

NEW YORK, Jan. 10 G.N.SO-
Production Of electricity in the
holiday week ended January 6
showed a sizeable gain over the
preceding week, in which output
was curtailed by holidays. The in
crease over a year ago was widened
to the best figure since the end of
last September.
Output for the week, reported
today by the Edison Electric In
stitute, as 1858, ,67S, 900 kilowatt
hours. A gain Of 81 per cent over
the initial week Of 1888, compares
with 1883, ,002, 900 in the week
ended December 30 when a gain
Of 8.8 per cent was shown over the
corresponding period a year
earlier.
The power figures for three con-
Sccutive weeks have increased the
percentage gain over the proceed
ing year, rising from a So per
cent advantage in the December
16 period to the current figure of
81.
Gains were fairly well distrib-
uted in various geographical re-
gions, the smallest gain being that
of 1.3 per cent over a year ago in
the South. That area a week
ago had 81 per cent loss. The
Middle Atlantic region again
showed large gains.
The Washington times., 1934-01-10
COTTON CLIMBS
To NEW TOPS
FOR MOVE

NEW YORK, Jan. 10 GNS0.-
New tops on the current move were
attained by cotton futures today,
as buying, though not unusually
heavy, became more general.
Futures ignored Liverpool cables
that were about a half dozen
points below due prices.
Houses acting for domestic
mills continued to lead in the buy
ing, which was supplemented by
purchases for Liverpool and the
Continent. The Far East bought
distant months, while Wall Street
and wire houses bought on small
scale.
New orleans sold in consider
able volume. In addition, iquida-
ton came from commission houses
and professional traders. Brokers
acting for the cooperativeS sold.
Around noon futures were to 4
points higher, with January up 4
at 1918; March, up at 1919:
July, up 3 at lilo; october, up 2
at 11.27, and December, up 2 at
II 40,
The Washington times., 1934-01-10
Dollar and u. S. Credit
Relation Discussed

ing to make itself the largest
debtor on earth. It is putting
itself in the position of borrow
ing 10 billion dollars in six
months.
How does this condition tie
UP with the "debt tightening" and
price-raising policies?
Must Find Lenders
The Government finds that in
order to borrow, there must be
lenders. To become a large debtor,
it must find large creditors. In
order to float bonds, its credit
must be good.
When it comes to a man who
has money and asks him to
lend by taking its bonds, that
man asks, what are you going
to pay me with? Do you expect
me to lend you my dollars,
now IS cents at current COM
modify prices, and then pay me
back in dollars which have a
purchasing power Of only so
centS?"
When the Government ap.
proaches a prospective creditor
(hond buyer) he naturally says
to himself, IF Uncle Sans policy
is to reduce the value of money
and thus hurt creditors, don't
want to lend to him"
This is one reason why the
proposed government borrowing is
so difficult. We find that by
hurting creditors, we hurt credit,
BY helping" debtors, we make
it harder for them to get loans,
Future Debtors Hurt
The point is that by helping
past debts, we hurt the future
debtor.
So now the Administration is
"soft pedaling" its dollar manipu.
lationS and seems to encourage
Thoughts Of "stabilization." It
wants to borrow for a while.
Is this just an attempt to
carry water on both shoulders?
Is the Government S h aking
hands with those whom it
wants to buy its bonds, while
winking at farm debtors? Or
is it a real change in policy,
and return to stable money?
I think that a frank statement
now would be very helpful.
One sure thing is that if the
Administration wants to spend
these billions for CWA, PWA,
iva, etc., it must borrow. them;
and II. it is to borrow successfully
it must treat creditors right.
The Washington times., 1934-01-10
FEDERAL BONDS
OFF AS OTHER
GROUPS SR|SE

NEW YORK, Jan. 10 U.N.SJ.
Renewed weakness in U. s. Gov
ernments was offset by firming
tendencies in domestic corpora
zion liens in fairly active bond
market trading today.
Treasury IS, 31ss, 334s, and 314s
took fractional losses, all less than
B quarter.
Rails maintained a firm tone,
with q moderate extension of yes
terday's siZeable gains noted in
The Rock Island General As, Great
Western As, Illinois Central 434s;
Southern Pacific 41as of '69; and
Southern Railway General As.
Communication bonds were
higher in the domestic list, with
Postal Telegraph SIS, International
The Washington times., 1934-01-10
new YORK PRODUCE

NEW YORK. Jan. 10 (1NS).-But.
ter: Steady. Salted and unsalted cream
cry, higher scoring, 19A @2lAc: cream-
cry extras, 19@2OAc; creamery firsts,
1S@1s%c; ladies'; fresh, extras, 14Ee.
specials, 1888, 15@17c; Wisconsin whole
milk, fancy young Americans, 12@12hc.
Eggs-Firm. Nearby white specials,
o30"4c; standards. 22c; mediums. 90 a
21c. Nearby brown specials. 26@26hc:
standards, 2314 @24c; mixed specials,
24@25c: standards, 23@23hc; firsts.
22c; mediums, 1S@18hc. Pacific Coast
white, fancy packs, 25la @26c; stand.
ards, 2413 @25c: mediums, 22l4 @23c.
The wholesale price is $2.23 per 100
pounds No 1 fluid milk within the
2O1-210-mile zone.
The Washington times., 1934-01-10


ed at 1926 prices must be made
payable in 1926 dollars.
Accordingly, it has been main
tained that we must raise prices
e per cent higher than they now
are, in order to Tighten the bur-
den Of debt" The argument has
been that by redu 2ing the value
o. the dollar, debtors will, some
how or other, find it easier to get
l-old of dollars.
Partly for this purpose, the
.sident decided to take us off
the gold ;andard, adopted the
Prof. Warren gold buying policy
and in other ways has sought to
force the purchasing power Of the
dollar down.
The Policies Still In Force
SO far as we have been advised,
these policies are still in force.
The strong statement that prices
must be raised, and that raise
them we will, by one means or
another, has not been retracted.
The sudden announcement that
we would buy gold, not as an ex-
pedient but as a policy" has not
been withdrawn. And that state
ment meant a deliberate lowering
Of the dollar in foreign exchange,
in an attempt to raise our prices.
One great object has been to
give an ADVANTAGE tn 6ehfOrS
which, Of course, means taking
away an advantage from credi-
tors. The idea is to help debt
OrS by hurting creditOrs-tO
make loans more desirable to
borrowers and less desirable to
lenders.
Now the Government is propos-
The Washington times., 1934-01-10
CANTOR MOTOR
FUELS NOTED

NEW YORK, Jan. 10 G.N.S).
Motor fuel stocks in the United
States increased slightly last
week, the American Petroleum In
stitute reported today, the ag-
gregate at the end of the period
amounting to 50,606,000 barrels,
against 50,452,00O in the preceding
week, an upturn of $4,000 barrels.
With rises of 1920 and 14,700
barrels in California and Texas,
respectively. and a drop of 1900
barrels in Oklahoma the major
changes, daily averages crude oil
output in the country last week
was $2,165,950 barrels, against g.
139,850 in the previous period, a
gain of 26,100 barrels.
The Washington times., 1934-01-10
BitlGnuinOus Goals
In. Anthracite Off

Total production of bitumlaous
coal for 1888 is estimated at
327, $40, 900 net tons by the Bu-
reau of Mines, an increase Of 5.9
per cent over 1882.
Anthracite production is esti,
mated at 49,3e9,00O net tons,
compared with 1885, 900 in 1882,
a decrease of slightly less than
l per cent.
The Washington times., 1934-01-10
&areMet$1O8
FOrM Y.Banks

NEW YORK, Jan. 10 U.N.S.).
The First National Bank here
earned $1O,795,000 in 1888, or
$1O7.95 q share, based on the
balance sheet figures.
This was the lowest possible
statement Of earnings that
could be made, according to
Jackson E. Reynolds, president,
who stated that maximum ap-
parent earnings were $13,92S,-
900, or $139.28 q share.
This figure includes reserve
for taxation Of $1,675,00O set
aside in advance contrary to
the usual practice and S1,458,-
282 of net losses on bond sales.
The Washington times., 1934-01-10
u. S. Steel Reports
NeU Stockholders

NEW YORK, Jan. 10 GN.SO.
Common stockholders of the
United States Steel Corporation
increased 726 in the three months
ended December /, 1888, it was
reported today, to total of 1S7,-
100. A year earlier, stockholders
numbered 100, 1859.
The November dividend on pre-
ferred stock went to 63,056 hold
erS, compared with 62,952 in Au-
gust, an increase of 104. In No
vember, 1882, there were 62,259
preferred stockholders.
The Washington times., 1934-01-10
CHICAGO LIVESTOCK

CHICAGO, Jan. 10 UNs.).-Butter-
4,4SS tubs; firm; old cars, ,; new, /;
creamery extras and standards, 1871
extra firsts, 17N @1S; firsts, 17A 917h
seconds, 1871; specials, 19@19h.
Eggs-3,5S3 cases; steady; old cars, 4;
graded extra firsts, less than cars, 20;
cars, 21; fresh graded firsts, less than
cars, 10: cars 20; dirties, 12@15; checks,
Cheese-Twlns. sA@1O; Daisies and
Longhorns, 10@10h.
The Washington times., 1934-01-10
CLEVELAND LIVESTOCK

CLEVELAND, Ohio, Jan. 10 I.N.s).
all grades getting good action.
Cattle-Receipts, 400; market fairly
active and steady: all grades in good
demand. Good steers quotable $6.2S
06.50.
Calves-Receipts. 400; market steady
with fair action. Top, $3.50.
Sheep-Rsceipts, 1.600: market active
and steady to 10c lower. Top, $3.50.
The Washington times., 1934-01-10
GRAINS ARE LED
UPWARD BY
WHEAT

CHICAGO, Jan. 10 G.N.S).
Grains put on another mild dem
onstration of strength here today
with wheat UP q cent in early
dealings.
Strength in stocks, continued
bulliSh weather news and i'm
proved demand in the cash mar
kets brought in good buying Of
grain futures. Offerings were
limited.
Near mid-SeSSion wheat was
1c up, corn and oats 3s to 1ac
up rye 24c up.
May wheat sold at 86c, July
841ac. May corn sold at 521s
NAVAL STORES
NEW YORK, Jan 10 1.N6).-Tin-
seed OIL per lb., 90 carlots. Turpentine.
steady, 81. Rosin easier, common 45O,
The Washington times., 1934-01-10
Cheering Trade
Nevs Items

One corporation pays extra,
one on account Of accumula-
tions, two resume and 10 declare
regular dividends in day. First
National Bank Of New York re-
ports minimum 1888 profit Of
$1O7.95 q share, with possibility
Of S139.2S .materializing Rec
ord rayOn sales reported for
past year by Textile OrganOn. :.
Hat Corporation Of America
shows $222,177 profit in 1888,
against loss Of $326,443 in 1882
Cutler Hammer Company re-
ports net shipments last year
One-fifth higher than in pre-
vious IL months. Far Western
bank deposits rise $49,O60,OOO
over year ago, Bank Of America
estimates.
The Washington times., 1934-01-10

changes in the
value of the dol
lar will affect
Cove rn m e n t
credit.
The President
and some Of his
advisers h a v e
b e e n insisting
that the pur-
chasing power
Of the debtors
dollar must be
k e p t constant.
Over and over
again we have
been told that
dnhtS contract-
The Washington times., 1934-01-10

Telephone 41as, and international
Telephone IS up u or better.
American Telephone 5las fea-
tured the investment list with q
gain Of a half point.
Germans were again in supply,
with the 51aS and the Agricul-
tural Banks IS Of october 80 off
fractionally.
The Washington times., 1934-01-10
NEW YORK WOOL

Wool, steady; domestic fleece, un.
washed, Ohio and Penn, 2S043: domes-
tic, pulled, secured basis, $1,000; do
mestic, Texas, clean basis 1906: do
nestle territory. clean basis, s6 @s7.
The Washington times., 1934-01-10
BY LEWIS HANEY

University
One interesting point brought
up by the proposed jump in our
Government debt Is the way that
The Washington times., 1934-01-10
NEW YORK CURB LIST
High, Low rs

High Low l:lo
Acetol Prod A....... 3%l BAL 3S4
Adams Mills / pf. 73 73 Is
Aero supply A.......l 3Al IA
Air Inv common. ..... 1es In lSs
Air Investors ws. .....l Y Y
Alabama Pw 81 pfd.. Al Al Al
Allied Mills ......... Sh
Alum Co of Am...... 73 71A y
Alum Co of Am pf. 81 81 81
Alum Ltd .......... rs 25 20
Am Beverage -. ....l 1Ri Ia! l1s
Am Cities Pwr b.. 1S 2
Amer Corp ......:.l 70 e
Am Cyanam B. is 15% 10 u
Am Equities .......
Am Gas FL ...... 2OA 1919 20h
Am Gas & Ell pfd. 80. 73A 73A 73h
Am Inv Inc ...:..
Am Light & T ......l II llA IL
am Maracaibo .....l Al ~
Am Superpwr ....I 2% "a "a
Am Thread pfd ....i 3&I SsI 3%
Arcturus Rad....i 7-16l 7-16l 7-16
Ark Natl Gas A...... IL IL IN
Armstrong Cork. k..."..' 15k 151a l5h
Arundel Corp. ........l II II II
Asso Elec Ind. ....... 5h 5h 5h
Assoc Gas & E A...,. 9-16l 9-16I 9-16
Atlas Plywood ,. 57s 5R 5B
Atlas Corp ........'.. 1O3s AOS 1oS
Auto Vot ............N ! y
The Washington times., 1934-01-10
NAVAL STORES

High Low | loo
Evening star., 1934-10-07
119 LOST CHECKS
SOUGHT BY POLICE
Deposed District Foreman
Is Accused of Taking Pay
Paper TotaIing ST, ,039.

Police were on the lookout last night
for former employe Of the District
accused of having asked for and re-
ceived from the disburSing ONCE at
the District Building check payments
totaling 81 ,o39 intended for 119 emer-
gency works employees.
Maj. James Lusby, disbursing ON.
Ger, said the checks had been turned
over to E. A. Palmer in the belief he
was the person authorized to carry
them to the workmen gathered for
their pay at the District Playground
Shop at Thirty sixth and Prospect
streets.
When the checks failed to arrive,
the vorkmen became anxious and a
furry of excitement was caused when
their demands for pay came to the
District Building. 1t was disclosed
then that Palmer had been discharged
from his foreman post six weeks ago.
Some other employe meanwhile, had
been collecting the checks, officials
said.
To meet the emergency, cash relief
funds Of the District were drawn upon
to provide their pay Warnings to
stop payment on the checks were sent
TO banks and the Treasury. Police
were asked to locate Palmer.
Maj. LuSby said he did not con-
template any change in the system
of transporting checks to the work.
men.
Evening star., 1934-10-07

I was hypnotized, but I wasn't, I Just
had it all figured out. If the glass
had started falling on me I would
have moved fast enough"
Stands Relaxed and Easy.
La Rose says his success is due to
a novel method. He is not the only
dead pan" on the road, he admits
All of his competitors, however. work
by locking all their muscles tensely
and some of them, La Rose says, lit
orally lock their eyeballs by putting
collodion in their eyes.
II just stand normally, relaxed and
easy" La Rose said. IT don't think
Of sorrowful things to keep from
laughing as many people think I do
Nor do I concentrate on difficult
problems or anything of that sort. If
did, sudden movements or sounds
might Startle me and ] would move.
Instead I observe everything the
crowd outside is doing. I concentrate
on the stunts people use TO try to
make me laugh or move. I don't let
them surprise me with anything they
do because I just watch carefully and
think to myself, Now, isn't that silly?'
And when I get to thinking how silly
people are acting I don't feel so
much like laughing. Very often when
get out of the window, though, I
laugh my head of at the crazy things
people have done"
Rain to ProIong Stay.
La Rose said that in another South
ern city newspaper reporter was
assigned to make the wax works man
laugh and then write story about it."
It had been raining and when the
newspaper man hove in sight he was
coming fast. Just in front of the
window he hit wet leaf and took a
l5-foot slide that was one of the
funniest La Rose had seen.
II controlled myself and 1t wasn't
any trouble to keep dead face when
the reporter had gotten up painfully,
shaken himself and started to work at
being funny" La Rose said. "He had
shot all his funny antics at one clip
and I doubt whether he ever could
do anything funnier in his life than
that fall"
La Rose said his present Washing
ton engagement will run on into next
week because of the rain.
Evening star., 1934-10-07

quality of material as some of the
higher priced standard makes. The
difference has been in the cloth.
BY skimping on the amount of ma
terial the charlatan has been able to
underselL There was little to be
done about this when, within rather
wide limits, one manufacturer size
was just as valid as another.
Once q national standard is set the
skimping on materials will be very
materially reduced and the purchaser
can have considerable confidence
that the size he buys will fit him after
the first washing.
Comfort Not Standardized.
The textile experts are unable to
set standards of comfort, upon which
there is much disagreement among
Psychologists and which is so largely
an individual matter. Persons are
warm or cold by nature. and under
wear which may be very comfortable
for one may be unendurably hot or
cold for another. They are endeavor-
ing, however, to provide data from
which it will be possible to write
underwear prescriptions" according
to the needs of the individual, which
can be filled with considerable pre-
cision. Each standard, once 1t has
been fixed, is voted upon by the tex
tile manufacturers under the N. r.
A. code and, If accepted, becomes
part Of the code.
Evening star., 1934-10-07

clude measurements of such qualities
as heat transmission, air permeability.
reSiliency and the co-effcient Of fric-
ton. The work is sponsored by some
for the foremost underwear manu-
facturers in the country.
Heat Radiation Important.
OF basic Importance are the heat
TRANSMISSION qualities Of various fab
RIGS. A good deal of the bodys heat
escapes by means of radiation from
the surface of the skin and by con-
vection. The measurements show that
the ease with which heat passes
through q fabric depends very regu-
larly on thickness and weight. the
important point being the amount OF
dead air space in the cloth.
When they first come from the mill
a piece of cotton cloth and wool cloth
of the same weight and thickness
probably will be equally warm for both
will provide the same degree of re-
sistance to the outward flow OF the
bodys heat. But the difference would
be evident on the first washing be-
cause of the difference in the resil-
iency of the material. There is little
springineSs TO cotton and the dead
air spaces would be destroyed.
Friction Co-efficients Sought.
Careful measurements are being
made of the co-efficient of friction, or
the relative roughness of various fab
rics used in making knit underwear.
This Is probably responsible for the
"itchiness" Of neV woolen fabrics in