davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
CANADA : CROPS
LOOK BETTER

Third report of the season mad
by the Searle Grain Company OF
advices from 970 correspondent
to June % indicates improvement
in the wheat prospect in Man
toba, no loss in Saskatchewan an :.
moderate deterioration in Albert
from the June 8 estimates.
The report indicates averag
condition of the Alberta Whef +
crop at 80 per cent of norma
compared with 81 per cent o.
June and 80 per cent a yee
ago. Saskatchewan was placed Ct
70 per cent, compared with the
same figure on June 8 and II pc
cent a year ago, while Manitob
was "a per cent. compared wit
81 per cent June 8 and 83 per Ger
a year ago. The last governmer
report as of May 81 showed whea
condition for all Canada Is pc
cent.
Average height Of wheat j
about ten inches. Grasshoppe'
damage runs around 6 per cent il
Alberta, ii per cent in Saskatcht
wan and 9 per cent in Manitoba
with more than normal infesta
ton at a large number Of point.
in Alberta and Saskatchewan.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Business NeluS
Spotlight

American Smelling & Rein
ing Company has reduced price
of lead Is points to 3.S5 cents
q pound, New York. The daily
average volume of Federal
Reserve Bank Credit Outstand-
ing during the week ended
June ~, as reported by the
Federal Reserve Banks, was
$2,468, 200, 900, q decrease Of
$4,000, 900. Brokers' loans drop
ped $4,000, 200. "A $1,OOO,-
100000 increase in the public'S
bank deposits since the end of
February is claimed by govern
ment banking authorities. u.
The committee for the Nation,
in q telegram to President
Roosevelt, asks the immediate
write.up Of the price OF gold
TO $41.34, the maximum per
mitted by law.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
BANK IS SUED
On CHECK

PHILADELPHIA, June 29.-Suit
has been started in common pleas
court to force the closed Girard
Avenue Title and Trust Company
to pay a 100000 check given to
Jerome H. Louchheim by Richard
and Charles Kaelker in payment
Of a loan.
In an opinion in a previous suit,
Judge Francis S. Brown, jr., ruled
that the State banking depart
ment had "wrongfully" refused to
honor the check, but his opinion
stated that the Kaelker brothers
were entitled only to preferential
payment of $20,941, the amount OF
the lowest cash balance on hand
at the time the check was first
presented and the day it closed.
This decision is now being con-
tested.
Mr.. Louchheim'S name appears
in the claim as a use" plaintiff.
He is a retired contractor, owner
Of race horses and formerly was
president of the Havana American
Jockey Club, Oriental Park.
The 100000 loan, Mr.. Louch-
helm said, was a personal matter.
The Hackers have been linked
by police and prosecuting officials
with gambling operations in this
city. They quit their gambling
concessions in Havana in August,
1888.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
7s:s s:: N. Y. Curb Quotations y; :ia: 5 1

NEW YORK, June 29.-UN.S).
Curb stocks were irregular today
i'll a market which began to
show somewhat better activity
an6 increasingly wide price
changes. President Roosevelt'S
speech failed to affect the price
trend although probably response
bic in some degree for improving
activity. Oil shares and Utilities
eased irregularly lower as did
liquors. Specialties were mixed.
Announcement of a so per cent
stock dividend by Dow Chemical
sent that volatile issue up 52s
Points to another new high for
the year.
Electric Bond & Share prefer
req maintained it's IA point
opening gain but the common
continued to slip off losing u
point. Other utility shares with
the exception of Eastern Gas and
Fuel preferred which gained "a
we're easier.
The oils were dull after having
been in the center of speculative
concern for several weeks.
Metal shares were mixed and
held in a very narrow range,
Eollinger and Hudson Bay dip
ping 70 while Pioneer and Wright
Hargreaves gained 1s point each.
Cities Service shares declined,
the common dipping 70 and the
preferred y point.
Bond market was dull and IT.
regularly lower.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Freight
Cars in Need
Of Repairs

Glass 7 railroad on June /
had 301,368 freight cars in
need of repair or 1874 per cent
Of the number on line, accord
ing to the car service division
of the American Railway Asso-
citation.
This was an increase Of 6,177
cars above the number in need
of such repair on May /, at
which time there were 295,191
or $50 per cent.
Freight cars in need of heavy
repairs on June l totaled
232,156 or 11.9 per cent. an in
crease of 1894 cars compared
with the number in need of
such repairs on May /. while
freight cars in need of light
repairs totaled 1922 cars, or
3.5 per cent. an increase of
793 compared with May l.
Locomotives in need of CLASH
fled repairs on June l totaled
11,06O or 22.8 per cent of the
number on line. This was a
decrease of Is compared with
the number in need of such
repairs on May l, at which
time there were 1905 or 22.8
per cent.
Glass I railroads on June l
had 1899 Serviceable locomo-
tives in storage compared with
4,796 on May l.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Business Moderate
For LIVERPOOL SPOT

LIVERPOOL, June 20 U.N.So.
There was a moderate business
done in opening spots on the Lv-
erpool cotton market today. Prices
were steady. Receipts totaled g.
900 bales of which 1000 were
American.
At noon middling fair was
7.S9d; strictly good middling 7.44d;
Good middling 7.14d; strictly
middling sod; middling sad;
strictly low middling $500; low
middling Sad; strictly good or
binary 6.24d; and good ordinary
sad.
Futures opened steady and at
noon were to 2 points below
opening quotations and unchanged
to / point higher than due prices.
July opened at 6.59d; october
6.54d: January 6.49d; and March
& 5(0d
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Displacement Held
LOWer for Auburn

With Auburn dual ratio SKIES
setting records in all parts Of
the country for economy in fuel
consumption it is interesting to
note reasons for this from an
engineering standpoint.
In a recent issue Of Automobile
Topics, Austin Wolf, automotive
engineer, points out by chart that
the Auburn Six with dual ratio,
has the smallest displacement
per ton mile" $4,000 Of any
stock car on the market. Other
cars of about the same weight
range from about IS to 10 cubic
feet per ton mile.
displacement per ton mile"
is a measure of fuel efficiency
since it expresses the volume of
combustible gas required to pro-
pei the car one mile for each ton
of weight. In gross weight the
Auburn is above the average, with
a calculated net per passenger of
831 pounds. The highest car on
the market from this standpoint
weights 557 pounds per passenger,
and the heaviest LOO.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Road to Pay Second
Dividend in History

Detroit, Toledo & Ironton Rail.
way Company declared dividend
of 50, payable July 2 to stock
Of record June 80. This is the
second dividend in the history OF
tie company. The last previous
dividend was paid in 1881.
The dividend by the D. T. &
I. will mean about $49O,654 to
the Pennroad Corporation or
around five cents a share on the
100000 common shares Penn
road has outstanding.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
5 NEW GROUPS
ANNOUNCED BY
S|DDONS

Frederick P. H. Siddons, presi-
dent Of the District Of Columbia
Bankers Association and secre-
tary Of the American Security
and Trust Company, announces
the appointment Of the members
Of the remaining three standing
committees Of the local associa-
ton for the year 193435 as fol-
lows:
Wilmer ]. Waller, vice presi-
dent, Hamilton National Bank,
chairman Of the committee on
public relations. H. H. Mckee,
president, National Capital Bank.
vice chairman. Francis G. Addi-
son, jr., president, Security Saw
ingS and Commercial Bank; How
ard Moran, vice president, Amer
lean Security and Trust Com
pany: william w. Spaid, partner,
w. B. Hibbs and Company; E.
c. Graham, president, Hamilton
National Bank.
Change in Methods
This question Of the relation
ship Of banks to the public has
grown to great proportions in
recent years. The special func-
ton Of this committee will be to
arrange for the local banker to
go before the public and present
for its consideration the great
changes which have taken place
in banking so that there will be
an increasing understanding by
the public Of the bankers prob
lens.
Waller is a past president of
the association and also past
president of Washington Chap
ter, A. I. B.
c. D. Radcliffe, vice president
Munsey Trust Company, appointed
as chairman Of the committee on
standardized banking forms, will
have the following bankers to as
sist him: Frank M. Perley, trust
investment officer, American Sc
curity and Trust Company, vice
chairman; j. F. Campbell, presi-
dent, Anacostia Bank; C. Louis
Eckloff, assistant cashier, National
Metropolitan Bank; David Bornet,
trust officer, National Savings and
Trust Company, and I. j. Rob-
ertS, assistant cashier Riggs Ma
tional Bank.
On Standard Forms
When this committee was first
formed a vast amount of research
work was done and yesterday this
committee recommended changes
in standard forms which con-
stantly helps the local bankers to
improve phases of it's manage
ment. Radcliffe has served on
many committees of the associa-
ton.
Hilleary G.. Hoskinson is again
appointed chairman of the COM
mittee on Treasury relations. He
will be assisted by Lanier P. Nc
Lachlen, president, McLachlen
Banking Corporation, vice chair.
man; A. H. Lawson, vice president,
Washington Loan and Trust Com
pany: Henry H. Mckee, president,
National Capital Bank; Howard
Moran, vice president, American
Security and Trust Company, and
Francis G. Addison, president, Sc
curity Savings and Commercial
Bank,
Every year matters relating to
problems of the local bankers be-
fore the Treasury Department
arise, and this committee under
Hoskinson's leadership has greatly
assisted the banks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Hog Market SLOW
And Prices Steady

CHICAGO, June 29.-U.N.S0.
Hog receipts were $4,000 today in
Guiding 5000 sent direct to pack
ers. The market was slow and
about steady with yesterday. Buy
ers were bearish and made weaker
bids from $4.90 down.
The supply of cattle was 1000
with the market steady. No
choice steers were offered. Cows
and heifers sold steady. Calves
were slow at the recent decline.
Good lambs were quoted at
$3.50 to $8.75,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Commodity Franc Is Asked
Bv Leader in Chamber

mains open to the government
because the franc is beyond at
tack. He showed that, while ex-
pressing the desire to lower
prices, the government actually is
doing everything possible to OBJ
tain the opposite result through
the use of quotas and public
works.
This declaration reveals a grad.
ual realization of the enormous
obstacles in the road of price de-
flation and the tendency to flirt
with the idea of devaluation in
France.
The government and the ma
jority of Parliament remain op
posed to devaluation, but unless
business shows some signs of re
covery in the coming months, ii
is probable that devaluation may
become a leading political ques
ton.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
HEAD
NOTES GAINS

President Roosevelt is respon-
sible for the improvement of
economic conditions in the United
State, Simon Guggenheim, presi-
dent of the American Smelling &
Refining Company, stated in
Madrid. Mr.. Guggenheim is in
Spain on pleasure trip. He said:
IL am q Republican, but 1
must say Mr.. Roosevelt merits
praise for his work. When he
entered office the situation de.
manded that something be done,
and he is doing it. I do not
know whether he is following
the right policy, but do know
that he is diScarding those
measures which do not prove
fruitful.
Business conditions in the
United States have improved,
and / am optimistic about the
future. I have lived through
panicS and crises and there have
always been labor troubles as
the country emerged from them.
That Is what is happening now"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
CORN FUTURES
LEAD SLUMP

CHICAGO, June 20 G.N.S).
Heaviness in corn featured deal
ings in grains today.
The yellow cereal was under
pressure from the start, prices cas-
ing as much as ~ cents in the
absence of support, September sell
ing down to 617s cents and De-
cember 625s cents.
Wheat opened unchanged to "a
of a cent up and then reacted with
corn. Other grains fell off with
corn.
Near midseSsion wheat was %
to "a of a cent off, corn l to ~
cents down, oats " to u a cent
off, and rye "a to 11s cents down.
September wheat sold down to
921s cents after opening around
925s cents.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
INSTITUTE HEAD
Halls MIRA

George A. Sloan, president Of
the Cotton Textile Institute,
chairman of the Cotton Textile
Code Authority and chairman Of
the Consumers Industries Com
mittee, praised NRA Administra-
tor Hugh S. johnson and NRA
yesterday as the cotton textile
industry neared the completion
of one years operation under a
MIRA code.
A year ago yesterday the first
public hearing on an NRA code
was begun, the hearing being
that on the charter submitted by
the cotton textile industry. Since
then, nearly 500 industries have
been codified.
Mr.. Sloan said, according to
the Associated Press:
I'VE trust that neither our
industry nor the nation will
ever abandon the social advan-
tageS represented in the estab-
IiShment of maximum hours Of
labor and minimum rates of
hourly pay. Moreover, we re-
affirm our conviction that the
right to insure orderly prOduc-
ton and distribution and stabiI-
iZatiOn of employment through
control of machine hours is
emphatically in the best inter-
ests Of employees, distributors,
consumers and mill StOckhOld-
ers, alike"
Mr.. Sloan said that he thought
MIRA should be made stronger by
the granting of more powers to
the code authorities. He Sug-
gested that if code authorities
are to be held responsible to the
Government for the conduct of
their industries, the right to
exercise administrative powers
should accompany such respon-
sibility, always subject to Govern
ment veto if the right is abused.
He further urged rigid enforce
ment Of code provisions and
prompt, effective action by the
Government in case of wage and
hour violations.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29

Markets in Paris appear to be
much impressed by a speech
made in the Chamber of Deputies
by Paul Raynaud, ex-finance min
lister, and an outstanding Right
Center leader, in which he de-
clared fatty that the chief aim
of a monetary policy should be a
monetary unit whose purchasing
power does not change and not
one whose power increases. He
added:
"The truth is that the money
Of the gold bloc has not the
same value internally as ex.
ternalIy and the whole prob
lem consists of influencing,
not the internal, but the ex-
ternaI franc"
M. Reynaud said the choice
between price deflation and mon
etary devaluation in France re.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Sees 'Change Act
AidinQ Confidence

Increased public confidence, re-
sulting from correction Of abuses
Of stock exchanges through
operation of the Securities Elk
change Act of 1884,. may offset
in part or in whole lessening OF
the volume of trading, concludes
Charles H. Meyer, attorney, in
a book just published by Francis
Emory Fitch, Inc. entitled "The
Securities Exchange Act of 1896
Analyzed and Explained"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Structural Steel
BOOKINGS Decline

Although bookings of fabricated
structural steel during May were
lower than the average bookings
during the past seven months,
they were 48 per cent greater than
bookings in May, 1888, the Ameri-
can Institute of Steel Construc-
ton. Inc, reports.
May bookings were IS per cent
less than those of April, a 1884
record month. but Is per cent less
than the average monthly book.
mgs in the first quarter Of 1894.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29

IckeS to Enforce
Oil REGULATIONS

Even though it has no legisla-
tive legs to stand on, the oil code
will be, "by every means avail
able" enforced, Petroleum Admin
iStrator IckeS declared.
IckeS at the same time an
nounced the opening of hearings
on a stringent amendment to the
code which would establish quotas
for interstate movements of crude
oil and hailed the placing of a
Federal tax on petroleum. He
said:
This tax supplies q means
whereby the Treasury Depart
ment becomes a strong agency
in stopping illegal production
and refining Of hot OIL 1s well
as financing the petroleum ad.
miniStratiOn."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29

NEW YORK, June 20 G.NS) .
A firm tone was evident on the
bond market today. All sections
Of the domestic list continued to
display further improvement.
In the second grade section,
the st. Paul adjustments moved
up fractionally.
Prime investment obligations
continued to be favored. Dodge
Bros. IS and Union Pacific As
attached small gain.
Motion picture issues were
again unsettled as the Warner
Bros. IS lost fractionally.
Foreign issues were quiet with
the Germans slightly lower.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
REGULAR QUARTERLY

Massachusetts Utilities ASCOT
ates has declared the regular
quarterly dividend Of 62H cents
on the preferred, payable July
Is to stock of record June, 80.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
Iighl Low | Ill

Nat Service ......,,l sal 81 So
Natomas sos .....,. SK s%I 81
New York & Hond i AZ Az Al u
Ohio Oil pr ..........I s5hI s. S51s
Pan Amer Airway -. 81 At At
Parke Davis ........ 241h 24h 24Ia
Pennroad vic ....... ~ % Pa
Penn Water ......... 55 So IS
Phila Co. ............ 13h 1871 1874
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-29
v'' :Gs. S;;;;;''' N. Y. Bond Quotations

U. s. Government HIGH Low 1900
Evening star., 1934-05-06
South Africa Takes
Control of Aviation

JOHANNESBURG, South Africa
The South African government
has been quick to follow the ex-
ample of the United States in taking
control of civil aviation. The latest
scheme places the entire aviation
services of the nation under the con-
troll Of the minister of railways, who
will be more nearly minister of
transport, since his Office controls not
only the railroads but large volume
of automobile transport as we'll.
Oswald Pilrow, minister of rail-
ways, announces that it is the gov
ernments intention to provide an air
passenger, mail and freight service
that will be second to none in the
world for completeness, safety and
general efficiency. 1t will be equipped
with three-engined airplanes, spe-
cielly trained pilots, automatic con-
trolls and special series of wireless
stations spread across the whole coun-
try and providing complete informa-
ton for pilots at all times.
The service will be linked with the
military air army, not only by the
fact of government control but also
IN the standardization of machines. It
is the intention of the government to
induce and help a leading British
manufacturer to establish factory
at Pretoria for the building of air
planes, both civil and military. from
South African materials. Hitherto
the civil aviation service has been
maintained largely with German air.
planes.
(Copyrieht, 1034)
Evening star., 1934-05-06

1t is understandable, to be sure,
why the creditors, the depositors, Of
these closed banks favor this bill gen.
orally. though all do not. It is we'll,
too, to consider the impression or
conviction prevalent to a more or less
extent throughout the country that
the Government might as well bail
out the losses of the small depositors
Of the closed banks of the country
as to bail out the losses sustained by
the railroads and other big interests.
OF course, this impression is based
upon misinformation, arising mainly
from the fact that in many instances
the security obtained for Government
Continued on Third Page.)
Evening star., 1934-05-06
Personal Code.

From the Indianapolis News.
A. c. w. A. worker who struck HIM
self with a pick rather than injure
a fellow worker must be working un-
der q code of his own.
Evening star., 1934-05-06
Shirts.

From the Cleveland News.
Speaking Of the various shirt"
political movements abroad, didn't our
own radicals at one time affect soiled
shirts to 60 with their tousled hair7
Evening star., 1934-05-06

Chapter +.
fCopyright, 1934.)
yITHIN the past two days the
Winter season at Washing
v ton has opened. The hotels
are filling up and scores
of strangers are wearing
The Washington times., 1934-08-11
Lumber Orders
Decrease in Week

A decrease of approximately
100000 cubic feet in lumber
orders at 1920 mills for the week
ending August 4, as compared
with the previous week, was re-
ported by the National Lumber
Manufacturers Association.
On the other hand production
and shipments for the week
showed an increase, the former
climbing to 179,362,OOO feet,
against 175,029,O0O feet, and the
latter reaching 72,865,0OO feet
from ISL ,401 900 feet.
Although the new business Of
the week was lower than for the
previous six-day period, it other
wise was heavier than for any
week since mid-May, the associa-
ton said. Production was reported
as reaching new high for the
past five weeks.
The Washington times., 1934-08-11
Church Announcements
SHREVE CALLED
SOUTH FOR
REVIVAL

DR.. Charles A. Shreve, Washing
tons outstanding evangelist and
healer will leave the city on Thurs
day morning for North Carolina,
where he has been called to con-
duct state wide revival meeting.
DR.. Shreve will continue his cru
sade for christianity at the
Pythian Temple, 1912 Ninth st.
N. w. during the first part of the
week. There will be two big meet
ings tomorrow. at 3 and 8 p. M,
Wednesday evening at 8 the usual
heart-throb and divine healing
service will be held. During DR..
Shreve's absence the pulpit will
be occupied by able ministers of
Maryland and Virginia. In dis
cussing the popularity of his cam
paign in Washington DR.. Shreve
said
MANY persons have considered
the day of camp and revival
meetings past. / do not think
SO. All the world has returned
to the simpler things in life. A
direct, unfaltering desire to de-
velOp spiritually and a frank
search for the fundamentals of
Christian faith have literally re-
vived the revival!"
DR.. Shreve will return in about
ten days to resume his sermons
here.
The Washington times., 1934-08-11
SILVER TRADES
ALL CLOSE At
1885 CENTS

NEW YORK, Aug. 11.-All
outstanding contracts for silver
we're ordered settled and liqui-
dated as of August 9 by the
Commodity Exchange Board of
Governors yesterday. The price
named for the settlement of
contracts was 1895 cents per
ounce, 999 fine, for all months
of delivery.
The Exchange also ruled that
outstanding transferable no.
tices have been ordered with.
drawn.
The decision, the board said,
is pursuant to the powers re-
served in Section 90 of the
bylaws of the Exchange.
Emergency Exists
1t has declared the existence
of an emergency resulting from
the executive order of Presi-
dent Roosevelt proclaiming the
naturalization of silver.
The 1896 cents per ounce
basis for the settlement of con-
tracts is the nominal closing
and settlement price posted by
the Exchange and the Com
modify Exchange Clearing AS
Sociation, Inc.
Transactions in silver were
Immediately suspended by the
Exchange following the nation.
alization announcement from
Washington just before noon
Thursday.
Official Spot Price
Handy & Harman, prominent
New York bullion dealers,
posted their usual daily spot
quotation for New York-foreign
silver yesterday, which was 1924
cents an ounce, up y cent. On
Thursday the increase in the
posted price amounted to ~
cents. New York-domestic quo
tation was 641s cents, un-
changed.
The firm also announced that
it expected to quote the New
York official price daily as
they have for more than so
years. Industrial transactions
will continue to be based upon
this quotation.