davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-06-21
APPROVED
BY UNITED A|R

More than 81 per cent of the
stock outstanding approved the re-
organization plan of United Air
craft & Transport Corporation at
a special stockholders meeting. A
two-thirds vote is necessary to ef-
feet dissolution and the meeting
adjourned until July II when a
vote on this will be taken.
The company intends to file ap-
plication to register three new
issues to result from the reorgani-
zation with the Federal Trade
Commission within 10 days.
The three companies to be
formed by the dissolution of
United Aircraft and Transports
Corporation are Boeing Airplane
Company, United Air Lines Trans
port Corporation and United Air
craft Corporation. 1t is planned
to apply for listing all three on the
New York Stock Exchange.
Stockholders approved appoint
ment of Messrs. George Gordon
Battle, George Brokaw Compton,
Philip G. johnson, E. o. McDon-
nell, and George S. Wheat
The Washington times., 1934-06-21
NAT,D|ST|LLERS
SELLS STOCK

National Distillers Products
Corp. has contracted with Dis
tillers Co., Ltd, of Great Britain
for the latter to purchase 337 600
shares of National Distillers Prod
ucts Corp. common stock. At that
same time Nationals stockholders
will be offered the right to sub
scribe to approximately 337, 900
shares on a one-for-six-share basis
at $25 a share or less if deemed
advisable by directors. Distillers
Co., Ltd, will pay the same price
as stockholders. The new issue
will not be underwritten.
Assuming full subscription by
stockholders and completion OF
transaction with DistillerS Co.,
Ltd, at the price Of $25 share,
the total outstanding stock will be
2,696,083 shares, leaving 3O3,9l7
unissued, and the corporation will
obtain $16,85O,O0O additional work
ing capital.
Directors feel that this sale OF
stock will make possible normal
distribution of dividends from tu-
ture earnings instead of applying
them to capital purposes.
A meeting of stockholders has
been called for August 1 to
authorize increase in capital stock
to 100000 shares from 2,48S,701
now authorized.
Five million ddollars Of this
new capital arising out of the pro
ceeds of sale of stock to the Brit
ish company will be used for the
purchase of a 40 per cent interest
in "The Distillers Company, Linn
tied" (of Delaware), an American
corporation which will have a
capitalization of 100000 shares
the remaining 60 per cent to be
owned by the British company
The Washington times., 1934-06-21
COTTON TURNS
Up SLIGHTLY

NEW YORK, June 81 G.N.S0.
The cotton market firmed today
as selling of the previous session
showed signs of abating, and fu-
lures regained part of Wednes-
days slump.
The better tone was impaired
by steadiness in grains and
strength in stocks. Commission
houses, professional traders and
Wall Street bought during the
morning, while considerable price
fixing purchases were made by
domestic mills. Offerings came
from Liverpool and the South.
Local traders also sold.
Although Liverpool cables were
slightly below due prices, the
local market opened 2 to 8 points
higher in moderately active trad
ing. Small buying orders were
sufficient to increase initial gains
as the session drew to the noon
hour.
Around midday futures were
up 4 to 5 points. July was up
at 1902, October up 4 at 1928,
December up 4 at 1910, and
January up S at 12.47.
The Washington times., 1934-06-21
LEADING
GRA|NSLOWER

CHICAGO, June 81 G.N.SD.
Wheat futures continued to feel
the weight of hedging pressure
and prices yielded around a cent
on the Board Of Trade today, with
other grains easing in sympathy.
The September wheat delivery
dropped a cent to 917s cents to a
new low on the movement, where
it was off about 16 cents from the
peak of the recent upturn made
on June /.
Liverpool was unchanged to 1s
pence higher, and Winnipeg un-
changed to 1s of a cent up.
Near noon wheat was "a to 1b
cents down; corn, VI to 5s of a
cent off; oats, "a to 7s of a cent
lower, and rye, B to 1h cents
down.
The Washington times., 1934-06-21
SILVER BUYING
STARTED. BY
TREASURY

Under specific orders from Presi,
dent Roosevelt, the Treasury yes.
terday launched vast silver pur-
chasing program under the new
silver bill.
Scarcely was the ink dry on Mr..
Roosevelt's signature to the bill, af.
fixed Tuesday night when he sent
instructions to Treasury officials to
begin buying silver.
About so million ounces Of silver
have been purchased by the Gov.
ernment during the last few days
as a preliminary feeling out" of
the market.
Has Wide Latitude
Silver certificates were used 70
pay for the white metal. 1t Is the
program of the Administration to
issue silver certificates in pur-
chases, thereby putting new money
into circulation.
Congress gave the President
wide latitude as to time and
method of purchase, though it did
impose mandate to buy silver
until the United States metallic
monetary reserve reaches a ratio
of Is per cent silver and IS per
cent gold, or until the price of sill
yer reaches $1.29 an ounce. It is
now about As cents.
Caution is being taken by the
Treasury to avoid speculative
bulges in the market. The Govern.
ment is engaged in a keen battle
of wits with shrewd silver traders
the world over.
Wants Thorough Test
Conferring with a group of
Congress members Tuesday night,
President Roosevelt was under.
stood to have assured them it is
his purpose to give a thorough
test of the theory that lifting the
price of silver will be a big aid to
national and international busi-
ness recovery.
From all corners Of the world
the Treasury Department is COL
lecting information on the con-
dition Of the market.
An advance in the price of
silver was expected to pave the
way for an international agree
ment to link silver to gold as an
international medium of ex-
change.
The Washington times., 1934-06-21
LOW OIL STOCKS
BOOST PRICES

The oil industry's statistical po-
sition during the past six months
has been greatly improved by a
sharp reduction in stocks of gas,
oil, and fuel oil. Since September
they have cut more than 20 per
cent to the lowest level in 10
years, the first real reversal in the
upward trend since the war.
The shrinkage has been accom-
panied by an improvement in
prices so rapid that number of
the larger oil companies, which
had a long-term, and low-priced
contracts for supplying fuel oil
and comparatively low sotcks, are
reported to have been badly
squeezed. Currently posted prices
are about the best since the mid
die of 1880 and are about double
the lows of 1881 and 1882.
Contributing to this improve
ment in inventory position have
been the rapid rise in industrial
activity since last year, princi-
pally in steel; reduced crude pro-
duction and refinery operations,
particularly since the code for the
industry became effective. and in.
creased navigation, which picked
up so rapidly that for a while 1t
threatened shortage in bunker
fuel oil,
The Washington times., 1934-06-21
DRY GOODS MEN
CLOSEPARLEY

With emphatic declarations that
the master retail code has defi-
nitely shown that industrial self
government is possible, and with
warnings that initiation will actu-
ally be here in a month or so,
the two-day convention Of the
sales promotion division Of the
National Retail Dry Goods Asso-
citation came to a close yesterday
in New York.
The warning that some meas
ure Of outright initiation was
Imminent was sounded by Ken
meth Collins, assistant to the
president of Gimbel Brothers. In
3 discussion on sales promotional
plans for the fall season, Collins
declared that it was extremely
difficult at the present time to
give any idea of what definite
promotional plans should be
adopted, because of the distinct
prospect Of initiation, which would
force a complete revision Of such
plans.
Richard M. Neustadt, managing
director of the National Retail
Code Authority, declared that all
talk about codes being abandoned
was $50 much bunk" stating that
mo code will be abandoned" :"
The fair trade practices in some
Of the service codes have been
abandoned under the recent order
Of General Johnson, he stated,
but the wage and hour provisions
still remain, and as far as he
knows, there is. no intention on
the part of the Administration to
eliminate any codes.
The Washington times., 1934-06-21
v'sS; :Gs;!ssss y;;;st.' N. Y. Bond Quotations

NEW YORK, June 81 U.N.S).
The bond market continued unset
tied in early trading today with
a considerable part Of the irregu-
larity evidenced in the second
grade and more speculative rail-
road bonds.
st. Paul 5s declined "a to 1874,
while Great Western Is dipped Y
to 48.
In the better grade of rail
bonds there was also some irregu-
larity, with Northern Pacific IS
unchanged and Atchison As frac-
tionally lower.
Utility issues continued strong
as the Consolidated Gas 4 YES were
unchanged.
United States Government liens
were steady in light trading dur
ing the early part of the session.
Liberty 31as we're off slightly,
Liberty fourth 4As called were un-
changed, and Home Owners Loan
IS Of 1851 gained fractionally.
The Washington times., 1934-06-21
JOHNSON URGES
MORE LOANS

Millions Of men and women
who have not until recently had
more than enough for barest
necessities today are good credit
risks, Gen. Hugh S. Johnson told
the National Retail Credit ASSo-
citation in Memphis.
The recovery administrator en-
phasized he was not urging the
credit men to promote wild spend.
ing, but added:
"YOu cannot, either, sit back
and withhold credit from all
but the gilt-edged few who can
aSsuredly pay for what they
need over and over again.
"This is the time for sane
credit judgment that takes
cOgnizance of the upward move
ment and leans, just enough
to the side of liberaIity."
Only the confirmed peSsimist,
johnson asserted, can ignore that
the recovery which has taken
place "is no temporary shot in
the arm, but a well-established
trend, moving firmly"
Johnson made the flat predic-
ton that the codes which have
been put into operation will be
complied with and enforced. He
declared:
"DOn't ever kid yourselves,
this thing is the goods Busi-
ness is for it, labor is for it,
the public is for it,
The Washington times., 1934-06-21
vi';7; issss s;as:::' ;s:;:' N. Y. Curb Quotations

NEW YORK, June 81 GNIs).
Curb stocks rallied today after
several days of easing prices, as
the market responded to reports
that the Treasury had already
started buying silver under the
silver purchase bill. Opening
lower, liquidation was quickly alb
sorbed, and the market moved
to irregularly higher levels.
Singer Manufacturing featured
the list with a 334-point climb to
a new year high.
Utilities were firm, advancing
y point in American Gas, Com
monwealth Edison and Electric
Bond and Share common.
Oils tended lower. Metal shares,
while holding firm, failed to de-
velop any rallying tendencies.
The liquors were mixed with
Distillers-Seagrams and Fidelio,
easing slightly, while Distillers,
Ltd, and Kruger worked % and
"a point higher. respectively.
Atlas Corporation was entirely
neglected as was Cities Service
preferred.
The Washington times., 1934-06-21
Sales of Beet Sugar
TncrenSe Durinq May

Domestic beet sugar dellVerles
during May amounted to 2,942,-
PIP bags, compared with 2,626,785
during the like 1888 month, an
increase of 315,427 bags, accord
ing to the Domestic Sugar Bu-
reaU. =,
deliveries during the period
January l to May 81, inclusive,
totaled 13,882,551 bags, compared
with 1885, ,42O in the correspond
ing period of 1888, an increase of
2,546,131 bags.
The Washington times., 1934-06-21
G. e o. RGiLUay Net
Is AbODe Year A0O

The Chesapeake and Ohio rail-
way increased net income during
the five months ended May 81 to
$11,432,745 after taxes, charges
and sinking fund appropriations.
This was equal after 61a per
cent preferred dividends, to $1.49
a common share, and compared
with net income of $7,943, 400, or
$1.03 a common share, in the cor
responding period last year.
May net totaled $2,305, 1859,
against $2,039, ,504 in May.
The Washington times., 1934-06-21
Hog Market SLOW
As Prices MOUe Up

CHICAGO, June 81 0.N.S0.
Hog receipts were $4,000 today,
with market slow, as buyers were
resisting the high prices and bid
$40 on the best heavy. Statesmen
were asking up to $5.25.
The supply of cattle was 5000.
Good to choice steers sold steady
and others showed a downward
tendency. Cows and heifers sold
steady to weaker.
The sheep market was steady,
with receipts of 5000.
The Washington times., 1934-06-21
Output Mounts
For Cement

The Portland cement industry
in May, 1884, produced 1854, 900
barrels, shipped S,731, 900 barrels
from the mills and had in stock
at the end Of the month 21,345,-
900 barrels, according to Depart
ment Of Commerce. Production
Of Portland cement in May, 1894,
showed an increase of 36.6 per
cent and shipments an increase
Of 3O.1 per cent, as compared
with May, 1888. Portland cement
stocks at mills were 81 per cent
higher than . year ago.
The Washington times., 1934-06-21
WATER WORKS OUTPUT

The output of the electric prop
critics of American Water Works
and Electric Company for the
week ended June 16 totaled a..
$4,000 kilowatt hours, a decrease
of / per cent from the output of
34,638,0O0 kilowatt hours in the
corresponding period of 1888.
The Washington times., 1934-06-21
BROKERS SEEN
RESIGNED To
REGULATION
By JAMES L. KILGALLEN

NEW YORK, June 81 Q.N.S0
Wall Street is showing no pessi-
mism or alarm over the prospect
Of Government regulation Of
stock exchanges beginning July /.
On the contrary, distinct feel
Ing is developing in the financial
district that it will all work
out for the BEST" Nearly all re-
sponsible brokers coincide with
the view of Richard Whitney,
president of the New York Stock
Exchange, that if the new ma
tional securities act is "judiciously
administered" it will prove to be
. constructive measure.
Today, interest in "The Street"
was centered upon the question:
"Who will be the men who will
make up the regulatory commits
Sion?"
(The act creates a new admin
istrative commission of five per-
sons to be appointed by PreSi-
dent Roosevelt, and give this COM
mission broad powers to protect
investors and prevent unfair prac-
tices in the security markets Of
the countryD
Appointments Awaited
One of the most influential
men in Wall Street who, because
of his prominence desired his
name be withheld, told Inter
national News Service:
"The whole law depends upon
the class and the character of
the men who will administer
It. They must have experience
and wisdom and, under no cir
cumStanceS, should reforms
take the form Of revenge"
Discussing overspeculation and
the regulation of stock exchanges,
one of the veteran Wall Street
operators gave the New York
Stock Exchange credit for having
done its part to curb such ten
denotes even though it might
have gone further than it did"
Sees Danger
This financial leader said the
danger now is that speculation
might "drift to the bucket shops"
He believed, however, that good
common sense will prevail and
that the new commission will pro-
ceed carefully and with discrim-
ination so that stock exchange
firms will not unduly suffer. He
thought there will be more
cheering" for the new bill among
brokers as time goes by. Already
there is a noticeable tendency on
the part of brokers to cease fight
ing it.
whitney became president Of
the New York Stock Exchange,
this man asserted, lin the midst
of the greatest speculative delu-
sion in history" Nobody could
have stopped it, he contended, ad-
ding:
"The world went mad over
its potential power Of achieve
ment and expansion and bust
ness leaders and others threw
their economic resources in to
back up their judgment. Who
could have stopped or controlled
this speculation at the time it
was at its height? 1t was re-
garded as enterprise"
Another great speculative boom
perhaps years from now-was
seen by this man who has made
millions in the market
Wall Street will "go along" In
the words of President Whitney,
''the stock exchange intends to do
everything in its power to COOP
crate with the commission in the
administration of the act"
The Washington times., 1934-06-21
Construction
U in Florida

Construction contracts in Flor
ida for the first four months of
1894 tOtaled $23,851,2OO as COM
pared with S3,S73,OO in the like
period of 1888, according to the
June issue of the Florida Realty
Journal.
Further improvements in gen.
eral conditions in the State were
reported in the sale of real eS-
tate. Total sales for the first
three months Of 1894 were &c.
6OO,25O.
The Washington times., 1934-06-21
UTILITY DIVIDEND

Twin State Gas and Electric
Company has declared the regu-
lar quarterly dividend Of SITS on
the per cent prior lien stock,
payable July 2 to stock Of record
June Is.
The Washington times., 1934-06-21
Dividend Declared
BU Trust COMPANY

"A quarterly dividend of 2 per
cent on the capital stock of the
American Security and Trust
Company has been declared by
its board of directors. 1t is pay
able July 10 to stockholders Of
record June 80.
The Washington times., 1934-06-21

High Low rs
ImDsFis ImDsFis 2 2Do can Canada tx tx tx
Init Hyd El sys pf'. 2$$s SS S$n
Internal Pet .........I 2912l 2S1S VISA
Kruger Brewing ....l 12Nl12 12N
Lake Shore Mines .... 635s 53hl 53s
Loblaw Grocet ...... 16% 16% l6%
Lone star G.......... SIS 512 59s
Long Island 1t pfd B. 81 81 81
Louisiana Land ..... 3AI 3%I 3A
McCord Rad B.......
Michigan Sugar ..... MI IN IN
Molybdenum Corp .... 8hl Sh 8h
Montgomery Ward A. 119 !116 l19
Montreal LH&P ......i 36B 36b 36B
Mountain Producers ~ 5h 6A 5A
Nat Bellas Hess Inc. E. 3a Sas 3h
Nat Bond E. Share. 3Oh! SOl2 3Oh
Nat Invest wts........ 'as "a
Nat Rubber M........ SIS SIS 6@a
Nat Service .......... 9sI SsI Hs
The Washington times., 1934-06-21
GarlOck Packing Co.
PnuS Extra. REGULAR

Garlock Packing Company has
declared an extra dividend of 10
cents and the regular quarterly
dividend of 10 cents, both payable
July 2 to stock of record June %.
The Washington times., 1934-06-21
Volume This Year
$1,994,9sO,00o

High Low 100
Evening star., 1934-11-25

terrorists sought to assassinate the for
eign ministers of both Rllmania and
Czechoslovakia because they opposed
revision of the Versailles treaty.
Nicholas Titulescu, Rumanian for
eign minister, merely shrugged his
shoulders when informed of the re-
ports reaching police.
It have been condemned to death
five times" he said.
Edouard Benes. Czechoslovakian for
eign minister, could not be reached.
Hotels, boarding houses and railroad
stations were searched thoroughly for
suspects. The uneasiness was the out
come of the recent Marseilles asSassi-
nations and the even more recent
Yugoslav accusations against Hun
Evening star., 1934-11-25

matron Of the International Order
of Eastern Star at the closing session
of its triennial assembly last night.
William A. Duvall of Branchville,
Nd, was installed as worthy grand
patron, succeeding John M. Hammill
of Britt, Iowa, former Governor Of
Iowa.
Indianapolis was selected for the
next triennial assembly in 1887.
Mrs. Anna w. smalley. Roundup,
Mont. formerly right worthy grand
conductress, was elected right worthy
associate grand matron to succeed
Mrs. Haun. George D. Dunlop, Lin
Evening star., 1934-11-25

soln, Nebr.. formerly right worthy
grand trustee, was elected right
worthy associate grand patron to sue
seed Duvall. Mrs. Minnie E. .Keyes,
Washington, was reelected right
worthy grand secretary and Mrs.
Flora e. Campbell. Washington, was
reelected right worthy grand treas
urer.
Mrs. Efiie Easton, San Francisco,
former right worthy associate grand
conductress. succeeds Mrs. Smalley as
right worthy grand conductress, and
Mrs. Marguerite v. Dunn. st. Paul,
Mimi, right worthy grand trustee, was
elected right worthy associate grand
conductress.
Evening star., 1934-11-25

upon identifying the skull by dental
work as that of the missing former
Glendale. Ariz., Gilman.
The skull was taken from a skele-
ton found near here early this Spring,
more than five years after John
Frahm disappeared. County Sheriff
George Ridenour testified an UNDER
cover detective induced Fred to lead
ing the way to the shallow grave. on
GERS then dug up the skeleton.
Evening star., 1934-11-25

gary, soon to be aired before the League
Of Nations.
The Saar plebiscite continued to be
regarded as Europe's principal danger
point.
Evening star., 1934-11-25
SKULL PUT IN EVIDENCE
TO ACCUSE Defendant
Brother of Oil Man, Missing Five
Years, on Trial in Nebraska
for Staying.

BY the Associated Press.
OSHKOSH. Nebr., November "a
Twelve jurors sought to draw from an
empty skull today the secret of the
guilt or innocence of Fred Frahm. on
trial for murder of his brother John.
The State took the skull into court
and pinned much hope of a conviction
Evening star., 1934-11-25
France Wins at Lotteries.

Because holders of winning tickets
in French lotteries of 1888 have failed
to claim their prizes, more than ST.
100000 has become government prop
erty. One prize Of s6500O0 remains
unclaimed. There also are 10 prizes
of S65, 900 and many smaller ones.
Evening star., 1934-11-25
OFFICERS ELECTED
BY EASTERN STAR
Mrs. Haun of Nashville Heads
0rder-Capital Women Re.
turned to Posts.

BY the Associated Press.
TAMPA, Fla, November 24.-Mrs
Frances Haun of Nashville, Tenn.
was installed as most worthy grand
Evening star., 1934-11-25
ASSASSINS FEARED
AT GENEVA PARlEY
Terrorists Rumored Threatening
Lives of Dumanian and Czech
Leaders.

BY the Associated Press.
GENEVA, November 24.-Police REIN
forcements were crowded into Geneva
today upon receipt of information that
Evening star., 1934-11-25
Rice to Be Stored,

AS a precaution against food short
age the Kiangsu provincial govern
ment in China will buy $600,00 worth
CT rice and store it.
Evening star., 1934-11-25

Includes the three pieces
pictured-all Of them GOV.
cred with a splendid quality
Of HomeSpun tapestry.
Carefully constructed.
Strong spring bottom.
And the Gift 3-Pc. Bed
Room Suite pictured ADORE
included tUithout cost to
youi
Evening star., 1934-11-25

You can see the fine quail
ity in this suite in the woods
the decorations and the at
tention given to the smalles.
details. Four pieces OF wal.
nut veneers combined with
well seasoned cabinet woods.
And the Gift 2-Pc- LiDin0
Room Suite pictured aooue
at no cost to you!
Evening star., 1934-11-25

The group consists OF buf'
fet, china cabinet. extension
table and four chairs, in wal.
nut veneer on gumwood, as
pictured-you must see the
outfit to appreciate its true
value.
And your choice OF the
Gift 2-Pc. Lining Room
Suite or 3-Pc. Bed Room
Suite pictured at no cost to
rou!
The Daily Alaska empire., 1934-06-08
MANY DIG FOR DILLINCER GOLD

TUCSON, Ariz., June 8.-Believ- ing that a large sum of money was buried near here by the John Dillinger gang of desperadoes be- fore they were captured January 25, more than a score of fortune hunters are spading up the des- ert.
 According to a statement given police by Harry Pierpont, under death sentence in Ohio, the loot from bank robberies was cached away before the arrests. Pierpont was apprehended on the outskirts of the city and it is there that the gold search is under way.
 Authoritative" maps are also being sold to the guillible, show ing about where the money was supposed to have been hidden. They contain elaborate diagrams and use plentiful directions.
The Daily Alaska empire., 1934-06-08
NEW CODE IS | BEING FRAMED;
 EXTENSIVE ONE
Will Cover Hundreds of Smaller Industries in
 United States
SHORTER HOURS AND
 HIGHER WAGES PLAN
Labor Right to Organize Is Recognized-D
 esty to Be Banned

WASHINGTON, June 8.-NRA will soon announce one big ready made" code for several hundred miscellaneous industries whose pacts are not completed.
 This basic code will be almost as simple as the Presidents re- employment agreement with which MIRA started year ago.
 The new ready made" code aims to give to minor industries regula- tions which may be easily enforced yet reach NRA's chief objectives as to shorter hours and higher wages and thus provide more jobs and put more money into circulation.
 Wages are not to be below the living levels.
 The new code will also provide for recognition for labor's right to organize and bargain and will pro- hibit commercial dishonesty and forms of unfair trade prac- tice.