davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27

1L1U1CdGS OH 1Il'
creasing demand for steelO
Lumber production and cotton
mill activity showed gains, con-
Sidering the season.
Electric power production and
railway carloadings rose some
what more than usual.
Among the more important
indexes Of activity, only auto
mobile production showed a de-
cline. But commodity prices
were also reactionary.
In interpreting these figures,
the careful man will consider the
following facts. The abnormal
weather has increased the use of
coal and electricity, so that large
coal car loadings of a temporary
character affect the figures, and
the gain in electricity output does
not necessarily mean manufacture
ing gains.
Comparisons with "a year
ago" are now absurd. A year
ago the bank shutdown marked
severe crisis. There were no
bank clearingS reported!
The let-down in automobile
manufacturing is chiefly due to
two causes. One is the fact that
the producers have about over
come mechanical difficulties and
have hit a pace which will enable
them to catch up with orders.
Strikes are another cause.
Several conditions are tending
to slow business up for a while:
l. OF course, weather conditions
are one. The snow and abnormal
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
Chase Bank Claims
Income Tax Errors

The Chase National Bank Of
New York has petitioned the
Board of Tax Appeals for a
determination of a 1880 in
come tax claim Of $551,696.
The petition charged the Blu
reau of Internal Revenue with
seven errors. including refusal
to allow a deduction from tax
able income of $3,446,518 in debts
charged off as worthless, and the
inclusion of $543,564 in interest
on tax exempt securities.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
BeLLds Hess Profit
More Than Doubled

National Bellas Hess. Inc, re-
ports for the six months ended
January 81. 1884, shows net sales
of $3.188.484 and net profit Of
$110,143. before Federal and State
income taxes and employees stock
participation.
The last report issued by the
company was for the ten months
period ended July 81, 1888, and
showed a net profit Of $48,91O,
after Federal taxes and other de-
auctions. The company started
operations on October l, 1882.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
Peak for Business
Seen Coming in Mdv

In its weekly summary of the
general business situation, the
Standard Statistics Company, Of
New York, currently comments:
Business has now acquired
so much momentum, and so
many additional stimulants to
activity have yet to be trans
lated into increased demand for
goods and services, that there is
every prospect that the peak of
spring activity which normally
eliminates with Easter will be
prolonged into May, at least"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
COARSE YARN DULL

NEW YORK. Feb 81 s).-A
dull tone prevailed in the coarse yarn
cloths market today with occas ional
spots of easiness developing.
1t was said in several quarters that
half dozen or more of the standard
constructions could be bought in first
hands at concessions of Is cent under
previous quotations, but this was
largely talk which was not substan-
tiated by any actual business.
Some instances of sales at lower
prices were reported. but buyers showed
no great interest in goods at any
price. A number in the market are
disappointed with the turn of events
believing that If mills had uniformly
held prices for a week or so business
would develop in quantity and the old
levels would have been paid freely.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
Bank Stocks Reach
New Hiqh, Then SLIP

New York city bank stocks rose
to a new 1884 high on February
10, the aggregate value of 16 lead
ing issues, according to Holt, Rose
and Troster, amounting to 1882
100000. At the close of the week,
however, the value declined to ST.
572, 10000, compared with $1,615,.
993 900 at the close of the previous
week, a decrease of $43, 1854 900, or
2.71 per cent.
The current average yield Of the
16 issues of SOC per cent com.
pares with a yield of 4.95 per cent
at the close of the previous week
and 4.84 per cent on February 10.
The current market value is now
1872 times known book value
against 1876 times on February 16
and 1.39 on February 10.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
CHICAGO GRAINS
RULE MIXED

CHICAGO, Feb. q GN.S).
Grains lacked a definite trend in
today's early dealings, values
moving back and forth within a
narrow range in nervous trading.
Wheat was bid up 3sc to 6612c
for the May future on scattered
buying, but the bulge attracted
offerings and prices reacted only
to firm again. Corn Jagged,
ruling fractionally lower around
the 50-cent level.
Near mid-session wheat was
unchanged to Vac higher, corn
unchanged to 1sc down, oats and
rye were unchanged to 1sc up.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
LIVESTOCK MARKETS
CLEVELAND

CLEVELAND, Ohio. Feb. 81 G.NsD.
Hogs-Receipts 900; market active and
steady; demand fairly broad, top on
good light hogs, $500.
Cattle-Receipts $50; market largely
steady; action rather slow; best handy
weight steers quotable, $500 good cows.
$3.50.
Calves-Receipts 200; market active
and higher. broad top at $500.
Sheep-Receipts 1000; market active
and strong; some sales higher; good
lambs $1O25,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
'' :i%. Ss;'S''' New York Bond List

NEW YORK, Feb. a U.N.S).
The bond market continued to
show an unsettled tone today,
with rails again forced to bear
the brunt of the selling.
The decision Of directors Of
the Western Pacific to defer in.
terest payments on the 1st IS and
drop Of more than a point in
that issue was the principal
cause for the further softness
of the carriers group. Baltimore
and Ohio refunding SIS and
Southern Railway 612s fell back
about u point each.
Treasury 4Hs was a strong
spot in a quiet U. S. Government
list.
American Watervorks IS con-
tinued weak in the investment
division.
German 51as eased in a dull
foreign list.
Studebaker IS certificates fea-
tured a spotty domestic group.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
LOUISVILLE

LOUISVILLE. Ky. Feb. 81 G.Ns).-
Cattle-150; slaughter classes in very
light supply; demand dependable and
market generally steady. Common to
medium steers and heifers, $4,000 500:
better finished. $5.25 $500. Beef COWS.
$275 $3.50 low cutters and cutters, $3.50
@25O. Sausage bulls, $3.50 down. Here
to medium native stockers, $2.75 @3.75.
Cafves-175; steady. Better vealers
$500 @ 700; medium grades 5000 so;
Gull and common grades, $3.50 down.
24527O lbs, $4.75. 275 lbs. up, $40;
1876 lbs, $4.15; 12O-14O lbs, $3.25;
sows, $315; stays $1.S5.
Sheep-25: steady. Medium to good
lambs, $7.5O@S.5O; choice 800; throw
outs, $3.50; fat ewes. $2.5093.OO.
%.~-.s,,1: p: :. ,S.R&SHy1
RULE FOR AID
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
American Alcohol
Profit Is Doubled
By International Nav, servico

ny IV6WS
American Commercial Alcohol
Corporation, in a preliminary re.
port for 1888 showed a net income
Of $1,190,346, equal to $4.56 a
share on 260,890 common shares,
compared with $586,438, or $3.01
a share on 194,747 shares, in 1882.
Net income for the final 1898
quarter was $971, 1882, or 1912
share, against $181, SIG, or SO cents
a share, in the same 1882 quarter.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27

b u I GnlS did
not show up in
last weeks sta
tiStics.
Steel produc-
t l or forg e d
ahead to a new
h ! g h for the
year, and steel
S C ap prices
l. oSe a G a i n.
IS ap is an
Important + a W
m a t erial in
S t e Ell making
a n d hi g h e r
prices usually
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
PITTSBURGH

PITTSBURGH, Feb Of. CG.N.sD.
Poutry-Steady demand good, supply
good. Colored hens, 51s pounds up, 15c;
medium, 15c; Leghorn hens, ga pounds
up, 13c; medium, lie; Handbook spring
ers, large, 15c; ga pounds under, 15c;
Leghorn springers, lie colored spring
ers heavy, lac; medium, lac; colored
broilers, 10000; turkey hens, zoe;
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
NEW YORK WOOL

New York, Feb. 81 G.NsD.-wool
quiet dor' este fleece, unwashed. Ohio
and Pennsylvania, 2s04Sc: domestic
pulled. secured basis, 6sc9&1.02: do
mestic Texas. clean basis, 72@sSc;
domestic t0NitoTys clean haOtsL OE@Ssc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
PITTSBURGH

PITTSBURGH, Feb, 81 GNs).-Hog
receipts 1000; FOLLOWERS, 500; mar
ket active; steady; 14O-16o pounds. S4.25
a So; 16O1SO pounds, $500 ISO-
200 pounds, S5.$O@5.@; 2OO-22O pounds,
$5.25 q 5.35; packing sows. $4,000;
10O-13O pounds, pigs, $325@4.
Cattle--Receipts 10: market nominal:
steers+ (900-1.1O0 pounds), good, S5.25
@6; medium, $4.25@5.35; heifersa $50
$50 pounds. good, $4.5O@5; common
medium, $3@4.50; cows. good, 1925 q
375; comm on medium, $2.75@3.5O; low
cutters and cutters, $1.5O@2.75; bulls
(yearlings excluded), good (beef), 1925
@3.75; cutter medium, $2.5O@3.25.
Calves-Receipts rs; market steady.
vealers (milk-fed) good and choice. 81
@7.5O; medium, $5.5O@6.5o; Gull. COM
mon, 1906.
sheep-Receipts 100; market nominal:
lambs go pounds DOWN, good and
choice, s1o@1O.25; common and me-
dunn. $6@s.25: yearling wethers. me-
dunn, choice, s6@75O; wethers (9O-13O
pounds, medium, good, s4.5O@6 ewes
Call weights), S4@5.5O; shorn lambs,
good and choice. $7.5O@S.25.
"Not extreme limit of grade.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
BUFFALO

BUFFALO, N. Y, Feb. Of N.N.sO.
Hogs, 1,5OO. Holdovers. 259. draggy few
early sales to shipments about steady,
packers bidding around 15c lower, desir-
able 160230 pounds sold $5.25; mid
session bids, $5.1O@5.15
Cattle-100, cows steady cutter grades,
S9@3, nothing done on two loads steers.
Calves-75 vealers unchanged. IS
down Sheep receipts, so. Lambs nom
inally steady, woolskns quoted to $10.25.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
BY LEWIS HANEY
Professor of Economics
New York UniNaraitY

A little setback in industrial
activity Is to be expected just
now, for reasons given below.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
NEW YORK

NEW YORK, Feb. 81 S).-BUt.
ter-Steady; sailed and unsslted cream
cry, higher scoring, 26H q 2Shc; cream
cry extras, 26927hc; creamery flrsts.
25@261ac.
Cheese-Quiet; state. whole milk flats
specials, 100 2Oc; average run, 10 @16c
Wisconsin, whole milk, fancy Young
Americans. 16c.
Eggs-Firmer; nearby white specials.
221s q CSC; Standards, 21@22c; mediums
II OIL &c; nearby brown specials. zoo
cials, 1912Olac; standards. 1914 @1sMc;
firsts, 49, @18c; seconds. TIC; medium,
lie; Pacific Coast white fancy packs
24@241ac; standards, 1874 @24c; me-
diums, 81 @21lsc
The wholesale price Is $225 per 100
pounds No. l fluid milk within the
201-210-mile zone.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
Principal Produce Markets

ROSTERS S@sc: stays Ito; ducks, So
pounds up, 13c; under, 1Oc; geese, fat,
12c; ordinary. &c; young TOMS 1Sc;
capons, zoe.
Butter-Market steady: demand good
supply good 81 score, 26Hc; 50 score.
csc; So score, 23Ic; standard, 26c,
Eggs-Market firm tone: demand good
supply good nearby current receipts.
17T171sc; fresh extra fIrsts, l7d1 Sc;
hennery white extras, lSm 19r southern
Ohio. West Virginia, Kentucky. current
receipts, 17017hc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27
CHICAGO

CHICAGO, Feb. 81 G.N.sD.-Butter:
Receipts. s.7s2 tubs; market steady.
Old cars. 4; new. 7. Creamery extras,
csc; standards. 24%c; extra firsts. "a
@241ac; firsts, 23@2394c; seconds,
22ac; specials. 254 @36.
Eggs-Receipts, 1864 cases; market
steady. Old cars, II; new, IA. Ordl-
nary current receipts, 151so; fresh
graded extra frsts. less than cars, 49, &c;
cars. 1910; fresh graded firsts, less
than cars, 16c; cars, 164sc; dirties. lac;
checks, 1870.
Cheese-Twins. 1874 @14c; daisies and
longhorns, 14014i2c.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27

.. 3. GOVERNMENT BONDS
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-02-27

High Low 100
Evening star., 1934-05-06
STATUS PLEASES ITALY.
Observers Say U. S. Understands
Europe's Position.

ROME, May tP.-Italian reaction
to Attorney General Cummings ruling
that Italy is not in default to the
United States aroused the most friend
ly feeling in official circles tonight.
"Once again." one official said, the
United States has been able to COM
prehend the economic difficulties with
which European nations are strug-
Cling"
Official spokesmen, however, are
waiting for further details before pub
fishing the governments reaction.
Semi official observers said there
was no doubt that the ruling would
be welcomed throughout Italy with
a warm glow Of friendliness for the
United States.
It was recalled that after making
its latest token payment of 81, ,000. 900
in June, Italy has been anxiously
waiting to know whether it would be
placed by the United States in the
ranks of the defaulters.
At the time the johnson bill was
passed the Fascist press treated
the matter with reserve. 1t insists,
however. that Italy has done its best
to pay the debts.
Evening star., 1934-05-06
CODE PRICE FIXING
REJECTEDIN COURT
Judge Says Provision Is Valid,
but Unenforceable in
Ohio Case.
By the Associated Press.

d
CINCINNATI, May S. Holding
there is no proper relation between
price regulation and some just object
of government" Common Pleas Judge
Stanley Matthews today in effect
threw out of court an action to en-
force price fixing regulations of Ohio's
dry cleaners code.
Prosecutor Louis j. Schneider hao
sought action by the court to compel
two Cincinnati dry cleaning firms te
adhere to minimum price specif1ca'
tions set up by the States dry clean
ing code authority. Sustaining de-
murrer to Schneider's petition, Judge
Matthews held that Ohio's legislation
authorizing codes of fair competition
is constitutional, but that price fixing
provisions are "unenforceable."
The legislation, the court said, doe:
not "either expressly or impledly'
grant any authority for fixing of mini
mum prices; that even if it did, such
authority could be exercised only a:
IAN appropriate means to a proper
governmental end," and that the Law
sets no standard, states no intelli-
gible principle, by which to determine
a fair minimum of price"
The dry cleaning firms were charged
with charging so to SIS cents for clean
ing, as against the State minimum Of
10 to rs cents. Their action, it was
contended, tended to demoralize the
industry.
Evening star., 1934-05-06
LAB0RSAYSJ0BS
SHOW DECREASE
Federation Survey BIames
N. R. A. for Less Work,
Higher Prices.
BY the Associated Press.

BY the Associated Press.
The American Federation of Labor
said yesterday in its monthly survey
of business that industry and N. r. A
had failed to increase employment
this Spring and actually had let it
slip back from last October despite q
marked increase in profit.
After the big gain Of last Summer
and Fall brought about by the Blue
Eagle campaign, the survey said
there was a change of policy in
N. R. A; emphasis was placed on as
siStance to vested interests rather
than balance in interest and the emer-
gency problem of putting men back
to work"
Profits Higher.
This Spring." it continued. with
production and business activity ris-
ing, and profits considerably higher
than year ago, business men were
far more able to shorten work hours
and put men to work, but they are
no longer willing to do so, nor di-
rected TO this end
The federation said dividend pay
ments for March increased sl5,0OO.-
900 over March of last year, but that
the average weekly earnings of labor
increasing 81 per cent in the same
period. had lost the gain in terms
of real wages because of a 9.3 increase
in cost Of living.
"10 Million Idle"
The survey estimated the number
of men out of work at 10,900,000 with
net of 2.764O00 actually re-em-
ployed by industry during the past
year. Work hours have been short
ened an average of "a week, it said
but they are being heightened as
productive activity increases and it is
a question whether N. R. A. gains
will be held"
The federation attributed signs oi
slump in consumer buying partly
at least to the refusal of industry to
pass on-through wages-the savings
due to increased production.
Evening star., 1934-05-06
SOVIET T|NDEFAULT,
DENIED AID OF j. 5.
Cummings Rules Unpaid
Debts Prevent Sale of
Securities Here.
Continued From First Page)

investigation by the Senate Commit
tee on Finance and the revelation
therein that billions of dollars of Sc
curities offered for sale to the Amer
lean people were overdue and unpaid:
that some Of these foreign bonds and
obligations were sold by the American
flnanciers to make outrageously high
profits; and stated purpose to pre-
vent recurrence of the practices
which were shown by the investigation
to be little less than a fraud upon the
American people
This, ! think, Is indicative of a
purpose to deal with such bonds and
securities and with other obliga-
tions' of like nature, observing the rule
OF ejusden generis-that is, obliga-
tions such as those which have been
sold to the American public to raise
money for the use of the foreign gov
ernments issuing them-not contem-
plating foreign currency, postal money
orders, drafts, checks and other ordi-
nary aides to banking and commercial
transactions.
1T was obviously not the purpose
Of the Congress to discontinue all re-
lations with the defaulting countries. p"
Ambassadors Pleased.
Ambassador Rosso of Italy ex-
pressed his qualification at the opin-
ion. He said the Interpretation cleared
up many uncertainties and should re-
suit In an immediate stimulation Of
American trade with Europe.
Diplomatic representatives of the
other four countries that were held
not to be in default expressed similar
views.
The present Indebtedness of the ma
tions Cummings ruled were not in
default was estimated by the Treas
ury as follows:
Great Britain. s4,636, ,157, 1853; Italy.
$2,008. 103 ,288; Czechoslovakia, $685.
283,195; Lithuania, $6,554,544; Latvia,
s7,312,658; Finland. the only nation
which has paid in full, ss.726,645.
Other Indebtednesses.
Other funded Indebtedness included
Greece, s32, ,5S3, 1888; Austria, S23,-
| 757, ,934: Belgium, SAIL, 1885, ,529; Esto-
| mia, $17,784 SOS; France, $1,000, ,772,-
238; Germany, S724, ,186, TAO; Hun
gary. s2.051 .938; Poland, 1922, $50, ,466;
Yugoslavia, SCI ,625 900.
Nations whose debts have not been
| funded:
Russia, 1897 ,223, ,2SS: Armenia, s2o,-
313.416; Nicaragua, S416.550.
June Is installments due from
funded debtor nations include:
Finland, $l66,538; Great Britain,
$85, ,670,765: Czechoslovakia. $1,682,-
S12; Italy, $14, 500; Lithuania,
S147. .864; Latvia. S1348S3 France,
$59, ,000,218; Belgium. $7,159,453 Es-
tonia. $322,85O; Hungary, $32,669;
Poland. s4,039,039; Rumania, s1,248.-
$50; Yugoslavia, $500, 900.
Evening star., 1934-05-06
LABOR SECRETARY
|SFORUM SPEAKER
Miss Frances Perkins Will
Broadcast Tuesday
Night. !
Miss Frances Perkins, Secretary Of

Miss Frances Perkins, Secretary Of
Labor and first woman cabinet men,
Der, will speak in the National Radio
Forum Tuesday at 1890 pm.
The forum is arranged by The
Washington Star and broadcast over
a coast-to- coast network of the Ma
tional Broadcasting Co. The address
will be heard locally through WRC.
Miss Perkins will discuss Wage
Farmers Problems in 1884" From the
beginning of the Roosevelt admins
tration, Miss Perkins has been one OF
the leaders in activities to improve
the general status of labor, and Is
one of the co-authors of the indus
trial insurance bill introduced in Con-
gress as the Wagner-Lewis bill.
The woman cabinet member ha.
also been in active and close CO.
operation with the National Labor
Board and other emergency agencies
set up by the National Recovery Ad-
ministration for the benefit of labor
In discussing Wage Farmers Prob
lens In 1884" she will bring to the
microphone a rich background ol
intimate contact with labor problems
over a period of many years.
Evening star., 1934-05-06


Bryan of Tyler, Tex, a Special Con-
ference Committee of 40 members
steered through the conference a new
Methodist financial program, setting
up budget commission, composed of
six ministers and seven laymen, TO
administer the general church finances
under a program of voluntary sup
port from the annual conference.
Shuler Leads Fight.
DR.. Haw urged that "the work of the
temperance board be preserved" and
a vigorous floor fight to that end
was led by Rev B. P. Shuler of Los
Angeles, who also led the floor battle
to have Bishop Cannon retained
actively in the Church College.
DR.. j. w. Barton, Nashville, presi-
dent of the Ward-Belmont College
said, The trouble with the present
board set-up is that too many pro-
nouncements come from the top and
not enough from the bottom"
The great number of memorials
submitted by annual conferences on
this question present a pronounced
demand for consolidation, said DR..
w. r. Webb of Bellbuckle, Tenn.
Bishops Assigned.
Bishop Cannon was assigned to the
fifth Episcopal district, consisting of
the conferences of Arizona, Pacific,
California Oriental Mission. North
west and Western Mexican.
Other bishops were assigned as fol-
lows for the quadrennium:
Baltimore, Virginia and Western
Virginia Conferences-Bishop Edwin
D. Mouzon.
North Carolina. Western North
Carolina, South Carolina and Upper
South Carolina-Bishop Paul B. Kern
North Georgia, South Georgia.
Holston and Cuba-Bishop w. N.
Ainsworth.
Kentucky, Louisville, Tennessee,
Memphis and Illinois-Bishop U. v.
w. Darlington.
Alabama, North Carolina, Florida
and Latin Mission-Bishop Sam r.
Hay.
Missouri, Southwest Missouri, St.
Louis, North Arkansas and Little
Rock-Bishop John M. Moore.
Mississippi. North Mississippi and
Louisiana-BiShop Hoyt M. Dobbs.
Texas, North Texas. Oklahoma and
Indian MiSsion-Bishop A. Frank
Smith.
Central Texas, Northwest Texas,
West Texas, New Mexico and Texas
MeMcan-Bishop H. A. Boaz.
Orient, Europe and Africa-Bishop
Arthur j. Moore.
Evening star., 1934-05-06
CANDIDATE OF COP,
ASKS SOCIAL LAWS
Phillips Seeking Post as Keystone
Governor Says Other Choice
Is Socialism.
BY the Associated Press

BY the Associated Press.
PITTSBURGH, May 5.-Thomas
w. Phillips, jr., of Butler, candidate
for the Republican gubernatorial
nomination. in an address today ad-
Vocated reduction of taxes on homes
and said choice must be made be
tween social legislation and social
ism"
Speaking at his hotel headquarters.
Phillips said that if it were not for
our system of taxes I'VE would be il.
the midst of building BOOM" He
told how a tax on windows in Eng
land resulted in windows being
bricked up.
THE evils that have followed In
the wake of our industrial age cannot
be eliminated in a day or a decade"
he continued, but our choice lies be-
tween social legislation and social
ism. Sound legislation should in
clude proper care for the aged, the
blind and for those physically and
mentally defective"
OF the State liquor control system,
he said the four months during which
the plan has been tried "is not sufi-
cient time for me to commend or
condemn this act"