davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-02-04
GIVEN
FAVORABLE VIEW
OF UTILITY BONDS
Poor'S Service Holds Many
Issues Underrated and
Forecasts Gains.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 3.-In its
, monthly bulletin. just issued. Poor S
I Business and Securities Service pre-
sents a different slant" on the ques-
| ton of public utility bonds-a Ques-
! ton that has been worrying thou
| sands of investors Poors says
In recent weeks, it its true there
| has been a partial reversal in the
| attitude toward public utilities: but
in our opinion the market appraisal
Of many public utility bonds, as re-
f1eCted in their price. remains far be-
! low their intrinsic value. The invest
ing public is very much aware OF the
adverse factors; rate reductions, in
creased taxes. governmental compe-
tition-and so are we. But we say
that the market overdiscountS these
factors and underdiscounts the IA
vorable factor of increasing demand
for utility service brought about by
recovery in industry
Turning of Tide Forecast.
we say that in time the investing
public will realize that it has made
an inaccurate appraisal, and that
many public utility bonds will show
marked appreciation. If the market
is wrong and We are right on the
public utility situation, now is the
time to buy public utility bonds; that
is what We advise But this advice
does not apply to all investors: nei-
their does it apply to all public Sc
curities-there are qualifications.
Our premise is that the tide of
governmental and public antipathy
toward the public utilities as re-
flected in increased taxation, rate
reductions and municipal and gov
ernmental competition, is turning:
that it will turn in time to save most
public utility operating companies
from destruction; and that increased
demand for public utility services will
put many operating companies back
into safe position We certainly do
not believe that the public utility
profits of tomorrow will be as large
relatively as those of yesterday; but
We are convinced that the reduction
in public utility profits will not be
sufficiently severe to jeopardize the
security Of the bondholders of most
operating companies.
Margins Comfortable.
There are many sound operating
companies that are covering their
fixed charges by a fairly comfortable
margin; the bonds of some of these
companies are selling far below par
because of adverse rate decisions and
of the threat of governmental compe-
tition Many such bonds were highly
regarded in past years. For instance,
1t will often be found that a particu-
lar bond is not in immediate danger;
the reason for its low price is the
fear of investors that rate cuts will
be more drastic in the future or that
the threat of governmental competi-
tion will not only prove real but also
confiscatory. There are many oper-
ating company bonds selling at dis
count which we believe future devel-
opments will prove to be entirely
secure"
Evening star., 1934-02-04
BROKERS' TAX DATA
EXTENSION ALLOWED

The Association of Stock Exchange
Firms Is notifying members that it
has been informed that the United
States commissioner of internal rev.
enue has notified collectors that they
are authorized to grant a 3O-day ex-
tension to brokers who find it i'm
possible to furnish information which
was to be filed by February Is on
form HOO.
Form HOO of the Bureau Of Inter-
nal Revenue establishes that every
person or organization acting at any
time during the year as a broker or
other agent in stocks, bonds or COM
modify transactions, including banks
clearing orders for depositors or GUS
todian accounts, Is required to make a
return of information for each Gus
toner for whom the aggregate Of
either purchases or sales is $25, 900 or
more during the calendar year 1888.
Evening star., 1934-02-04
UNEXPECTED RISE
Of DOLLAR ENDS
Selling Of Franc Futures
Regarded as Highly Con-
fusing Factor.
BY the Associated Press.

By the Associated Press.
The sweeping and unexpected ad-
vance of the dollar in terms of for
eign currencies was finally reversed
yesterday, but it still held we'll above
its new gold parity in terms Of for
eign currencies.
A fresh furry of selling appeared
in the French franc and other foreign
currencies for q time in New York,
after the dollar had declined in Lon
don and Paris, but this was soon ab-
sorbed.
Turmoil Remains.
Exchange dealers in New York re-
ported much speculative bear selling
Of French franc futures. which was
regarded as highly confusing factor
Foreign exchange departments Of the
New York banks were still in turmoil.
with some maintaining constant tele-
phone connection with London and
Paris.
The French franc closed in New York
at 633 cents, still 80 of one cent
under its new parity, but 10 Of a
cent over Fridays final level. The
pound sterling finished at s4.93l2. up
5l2 cents.
In terms of the French franc, the
dollar was still at a premium Of near
ly per cent, and at a premium Of
more than per cent over sterling.
based on the London gold price, which
declined moderately. The drop in the
London gold market, however. was at
tributed largely to lack of fast steam
ship sailings for New York.
Markets Up Further.
Securities and commodity markets
again turned upward in New York and
Chicago. Many stocks gained from 81
to SO a share In the New York Stock
Exchange. in the largest trading for
a Saturday since July, and bonds con-
tinued to climb. Cotton gained 70
to 95 cents a bale. wheat more than
cent a bushel and silver futures about
a cent an ounce.
Further gold consignments to New
York from Europe were announced,
the largest being s5.750,000, consigned
to Lazard Freres, and $5.000000 to
the National City Bank 1t was es-
timated that some $40. 100000 in gold
had been consigned to New York from
London and Paris this week.
Evening star., 1934-02-04
PRODUCTION HOLDS
TO STEADY LEVEL
Auto Output Up Further,
Wholesale Commodity
Prices Advance.
BY the Associated Press.


Relatively steady productive activity
featured the domestic business situa-
ton during the week ended January
q. the Commerce Department reports
in its weekly summary Of trade condi-
tionS
Automobile production increased at
a rate which assures a substantially
larger output in January than in the
initial month Of 1888, when about
10000 cars and trucks were turned
out. Estimated output Of 44.800 units
for the week was about 5000 units
above the corresponding week Of 1888.
and was only slightly less than in
the same week of 1881.
Steel Activity Gains.
Scheduled operations in the steel
industry were dropped to 325 per
cent Of capacity, but in the week of
February 3, they were stepped up to
34.4 per cent of capacity. The week
ly estimates indicate q January rate
Of production at about 80 per cent,
compared with the Steel Institutes s
figure of 335 per cent in December
Electric power production declined by
the usual seasonal amount in the
week of the 9th, and the percentage
increase over the corresponding week
of 1888 was about the same as in the
preceding week. January output was
between 9 and 10 per cent in excess
of the corresponding 1888 month.
Prices on Upgrade.
Wholesale commodity prices con-
tinued to advance during the week.
According to the Bureau of Labor
Statistics index, prices during jan
uary reached the highest point
touched since the second quarter Of
1881. Security prices have continued
to move higher. The average price
of 40 bonds has advanced about II
per cent above the low touched two
months ago at the termination of the
October November decline. Bank
debts, outside New York City, in
creased seasonally during January to
about the same total as in January,
1893. Reserve bank credit outstand-
ing has tended moderately lower In
recent weeks. mainly as q result of
the return now Of currency following
the holiday peak. %
Evening star., 1934-02-04
HEMPHILL, MOVES & co.
COMPLETES EXPANSION

Hemphill, Noyes g. Co., New York
Stock Exchange firm, completed the
expansion Of their offices in the
Shoreham Building yesterday, the
floor space being more than doubled.
The fully-equipped quotation board is
now in service, while the new Offices
have overhead lighting where needed
and excellent ventilation. The offices
are located on the second floor and
include the southeast corner Of the
building. The statistical department
has been given one Of the best loca-
tonS In tha ofdceS,
Evening star., 1934-02-04
KR0GER SALES AHEAD
OF PERIOD YEAR AGO

NEW YORK, February 3 R.-
Sales Of Kroger Grocery & Baking Co.
for the four weeks ended January 81
totaled 1897, ,725, an increase of SO
per cent over the 1888 period. The
number Of stores in operation this
year was 4,3s7, against 4.730 last year,
q decrease Of "a per cent.
Evening star., 1934-02-04
TRADE INCREASES
WITH RUSSIANS
Exports to France, Reich
and Britain Drop in
December,
BY the Associated Press.

BY the Associated Press.
United States exports and imports
to and from Soviet Russia were shown
by Department Of Commerce figures
yesterday to have reversed their
downward trend, December gaining
over November and over December
last year.
1t was explained that Russian rec
ognition. together with the general
stimulation of world trade, probably
accounted for the gain.
Exports to France. Germany, the
United Kingdom and Canada, de-
clined. while exports to Japan in
creased in December as compared
with November
Imports from France and Canada
increased in December over Novem-
Der, largely because of American
purchases of liquor and wines Ger
man imports also gained, while those
from the United Kingdom and Japan
dropped.
The following table shows foreign
trade by grand divisions:
Evening star., 1934-02-04
SEAT PRICES UNCHANGED.

NEW YORK, February 3 (P.-Ar-
rangements were made today for sale
of two New York Stock Exchange
memberships at $4,000 each. un-
changed from the price paid earlier
this week.
Evening star., 1934-02-04
Business Already Placed Is
Estimated Roughly at
S5O,OOO,OOO.
VAN SWERINGEN GROUP
TO BE LARGEST BUYER
Total for System Expected to
Reach $25, 900, ,000-U. S.
Loan Application Filed.
By the Associated Press.

By the Associated Press.
CLEVELAND, February 3-The
rapidly convalescing industry Of Steel
already strongly stimulated by auto
motive orders, today gleefully an
ticipated another dose Of powerful
tonic now being prepared by the rail-
roads
Railroad cars, locomotives and
equipment already ordered or just
ready to be ordered are estimated
roughly at S50.000,000. Confirmation
of orders for most Of this total ap-
parently only awaits the arrangement
of financing through the Public
Works Administration.
Largest of the contracts, reliable
sources here say, will come from the
Van Swerigen railroad group. par
ticularly the Chesapeake e. Ohio. the
Erie and the Nickel Plate, a total
estimated at $4,000 900.
2,975 Cars Ordered.
The Van Sweringen roads already
have ordered 1915 cars from the
American Car e. Foundry Co.. ac-
cording to advices in New York. 1t
also was learned that the American
Locomotive Co. has received an order
from the Nickel Plate for Is freight
engines.
Other equipment purchases by Van
Sweringen roads now hanging fire are
said 10 include between 1900 and
$4,000 freight cars. and additional
locomotives. tenders. passenger
coaches, gondolas, cabooses and Sleep
ing cars.
An application for $4,000 900 4
per cent equipment financing already
has been made by the Van SWeringen
group to the Interstate Commerce
Commission.
The Nickel Plate has applied for a
P. w. A. loan of S5.062 900 for the
financing Of its ordered freight en-
gines, also for 5 yard engines and
20 tenders. The Lima Locomotive
Co. was announced as the successful
bidder for S of these locomotives
and 20 of the tenders.
Others Interested.
The Pennsylvania Railroad previ-
ously announced it will build 1000
freight cars and buy 10l electric loco
motives through the P w. A. Other
roads actively interested in buying
new equipment include the Chicago,
Milwaukee, ST. Paul & Pacific, which,
it was learned. is inquiring for 80
locomotives, and the Lehigh Valley
in the market for 5.
The purchase of 10000 tons of
heavy rails at an estimated cost of
sl,75O000 was announced today by
the Southern Pacific Co. 1t was the
largest order the road has placed
since 1881.
The tremendous burst Of railroad
buying, as forecast today in the in
dustry of steel. compares with the
unusually dull buying of 1888 when
only six steam locomotives were built
in the United States for domestic use.
in addition to SO electric engines and
Is of other types-the smallest num-
ber for the industry in any year since
1905
The Erie Railroad today an
nounced it has placed order for 3,725
freight cars, subject to a financial
arrangement with the P. w. A. The
Erie is apportioning 1000 to the
American Car & Foundry Co. 750 to
the Standard Steel Car Co. $50 to the
Pressed Steel Car Co., $50 to the
Greenville Steel Car Co., 375 TO the
Ryan Car Co., and 100 to the Mayor
Car Corporation.
Evening star., 1934-02-04
SHARE VALUE CLIMBS.

NEW YORK, February (P.-
The liquidating value Of Lehman Cor
poration stock at the close Of busi-
ness Thursday was $89.6 q share. the
highest Level since September 20, 1880.
Evening star., 1934-02-04
Exports by Grand Divisions.

to have been the major item in the
Nations export trade in 1888.
Total exports were 81 l,675, 900 900. of
which cotton exports were S398. .000,-
600, against S345, ,00O,0O in 1882.
Other principal exports included
leaf tobacco. valued at $67,OOO,000 in
1898, against S49000,00O in 1882; fin
ished light petroleum products, such
as gasoline, S57,0O0,00O, against s79,-
100000; lard, $34,000,oOO, against
s31 100000; automobiles, $4,000, 900,
against $35 100000.
Evening star., 1934-02-04
EXCHANGE SEAT HIGHER.

NEW YORK. February 3 R.-A
New York Coffee and Sugar Exchange
seat sold today for $500. a gain Of
$500 from the previous transfer.
Evening star., 1934-09-07

Horatio Sharpe, Governor Of Mary
land from 1853 to 1853, to be given
ut the annual closing banquet to-
morrow night ut West River. The
play, entitled what Is Lover" was
written by the Creative Writing Group
from the camp in recognition Of the
Tercentenary Of Maryland.
The performance will begin ut tbs
and will be directed by Mrs. Alice
g. Morse.
Evening star., 1934-09-07
PAUL REVERES' OFFICER
DEFENDS ORGANIZATION
Ray Warren Says Group To OPP
posed to Government by De-
crees of Men.
BY the Associated Press.

By the Associated Press.
CHICAGO. September Ray War
rem, first national vice president of
the Paul Reveres, patriotic organiza-
ton, was enormously referred to by
the Associated Press as vice president
Of the American Vigilante Intelligence
Association at the time he appeared
before Representative Carl M. Weide-
mann's congressional inquiry into
"subversive elements"
Warren appeared and testified be-
fore the Representative as an eKecu-
tive of the Paul Reveres, who, he
said, stand squarely for government
by law under the Constitution" and
opposed to government by DEGREES of
men (dictators) big or little"
The story likewise said officers of
the Paul Reveres failed to appear and
that their records were subpoenaed.
THE records of the Paul Reveres
were not subpoenaed," Warren said
The Associated Press Is glad to
make this correction.
Evening star., 1934-09-07
MAJOR FEATURES AND PROGRAM NOTES.

Masquerade" and Sweet Madness" !"
sung by Frank Mum, tenor, and Sup
pose I Had Never Met You," soprano
solo by Vivienne Segal, will be the
highlights of the Waltz Time program
on WRC ut Q. Miss Segal and Mum
also viii be heard in duet arrange
ment of "I Love You Truly"
will be outlined by Charles r. Horner,
Evening star., 1934-09-07

publican, Of Minnesota said In q state
ment today that Lewis Douglas. di-
rector Of the budget, resigned his po-
sition as q result of "the attempt OF
the Roosevelt administration to cheat
the people of the United States out
Of $2,s00, ,000, 900 Of their gold"
Referring to the administration's
silver-buying program, 6chan said:
This silver deal, kept so secret from
the people Of the United States. in
the end is going to cause more than
one resignation.
There will be many others and
among them, perhaps, Mr.. Morgen-
thau. Henry Morgenthau, jr., Sec
Evening star., 1934-09-07

q different opinion Of what New Deal
means"
Evening star., 1934-09-07
CHINESE CAMERAMAN
GETS SANDIN0'S SHIRTS
James Wong Howe Receives
Goods Ordered While in Mex
ico on Location

BY the Associated Press.
HOLLYWOOD, Calf, September J.
james Wong Howe, Chinese, VINO
ranks among the ace Aim photograph
ers of Hollywood, today wore
shirt tailored for the late Gen. Au-
gustino Sandino, the Nicaraguan
rebel.
while he was "on location" with the
"Viva villa" company in Mexico re-
Gently, Howe ordered half q dozen
shirts from q small factory.
The shirts arrived today, bearing
a gold-embossed label MADE expressly
for Gen. Sandino."
A note carried the explanation:
"These shirts were made for Gen.
Sandino. But. a. ne will not need
them now, and as they are exactly
your size, we thought you might &C
cept them"
Evening star., 1934-09-07

retary of the treasury. Trading our
gold for silver accumulated by de-
basing currencies, thereby robbing
the people Of this country of their
wealth, is not to 60 unprotected"
In conclusion Senator Schan said
that Elf the next session Of Congress
Is not q rubber stamp for Roosevelt,
as the past one was, the people Of
the United States are going to have
Evening star., 1934-09-07
GERMAN PAPERS BARRED

CAsABLANCA, Morocco, September
7 R).-Authorities have ordered the
exclusion OF certain German news
papers from Morocco, charging that
the publications had attempted to in
cite the natives against France.
The Deutsche Algemeine Zeitung
and the Lokal Anzeiger were barred
from the North African protectorate.
Evening star., 1934-09-07
Leaves Estate to Widow.

GREENWICH, Conn, September Z
P.-Edward Lawrence Rossiter,
treasurer of the New York Central
Railroad. who died in Bergen, Norway.
August IA, left the larger part of his
estate to his widow. Ella Fowler
Rossiter, and two children. by terms
of a will admitted to probate. The
children are Lawrence Fowler RoSSiteI
of Pasadena, Calf, and Mrs. Dorothy
Rossiter Daily of Greenwich.
Evening star., 1934-09-07

special assistant TO Gen. johnson, is q
broadcast over WJsV at Gas.
A group Of Jerome Kern songs, IN
cluding numbers from Sunny" and
Music in the Air." viii be featured
during the Spotlight Revue over
WJSV at o. Everett Marshall, Col.
Stoopnagle and Budd, Carol Deis and
Victor Young's Orchestra will present
this program.
Evening star., 1934-09-07

Jessica Dragonette win sing Minis
Farewell" from Puccini's La Bo-
heme," and the currently popular
with My Eyes Wide Open / Am
Dreaming" as her principal contri-
buttons to the Service Hour on WRC
from z to 8.
Jouett Shouse, president OF the
newly formed American Liberty
League, will speak over WMAL az ..
Evening star., 1934-09-07

Fashioned from soft, flexible
skins; novelty cuffs and stitch
ings. These were secured at an
important price concession from
the manufacturer-hence the low
price to you-$l.so a pair. All
sizes.
KinR's PaIace-stTeet FIoer.
Evening star., 1934-09-07

- INTRODUCTION of a group OF
| Roxy's new discoveries and the
first presentation of the veteran
stacs and radio iYnpresariO'g new
Evening star., 1934-09-07
NEW MISSION SEASON
Glee Club Again to Feature
T. Programs on VOL,

+ Programs on VOL.
The Central Union Mission Is COM
ing back on the air tomorrow night
for its third season, extended
through the courtesy of the manage
ment Of Station VOL. The Mission
Glee Club, which has q popular fol-
lowing in and out Of the churches,
will again feature these programs On
Saturdays at $50 pm.
The mission program was taken of
the air during August, but Station
VOL has just arranged with Supt.
John s. Bennett for another year.
1t Is the stations way of contribut-
ing to the missions work.
Evening star., 1934-09-07
PLAY is HISTORICAL
z. W. c. A. Sponsored Production
to Be Staged Tomorrow.

Gov. Ritchie, local Maryland resi-
dents and parents Of the girls ut
Kamp Kahlert of the Y. w. C. A.,
have been invited to the presentation
Of q play based upon the life Of
Evening star., 1934-09-07
Stars Given Old Names.

Famous film stars have strange
names in the Orient. where Chinese
fans call John Barrymore "Ya Han, >"
Harold Lloyd Luke" and Mickey
Mouse "Mee Kan"
Evening star., 1934-09-07
DECLARES DOUGLAS
REFUSED TO CHEAT
Senator Schall Says He Resigned
Because Of Attempt to
"Cheat People"

by the Associated Press.
MINNEAPOLIS, Mimi, September
T.-Senator Thomas d. Schall, Re-
The Daily Alaska empire., 1934-07-06
SHIPPING IS RESUMED.

Coincident with the announcement that General Manager Ohson of the Alaska Railroad had arrived in Seattle to charter vessels to serve Alaska and thus end the blockade that has brought new economic distress to the Territory the longshoremen voted to raise the blockade and let vessels move north again. However they will not sail from Seattle. The union refused to agree to that and made 1t condition that the boats be loaded from and sail out of the Port of Tacoma. Clearly this is counter stroke aimed at Mayor Charles L. Smiths fight to open the Port of Seattle to all shipping. Tacoma is not trying to break the tieup and thus benefits at the expense of Seattle
 While the arrangement will not be as satisfactory as one for sailing out of Seattle, It will not impose any impossible handicaps on trade. Most of Alaska's business is done with Seattle merchants and through it's banking houses. It will be slightly exepnsive to move goods from there to Tacoma and that fact ought to result in Tacoma business firms picking up considerable business here unless Seattle equalizes the handling charges. The important thing however, is that we will get the wares we need to sustain industrial activities and supplies for human
 That is a pessimistc note injected by Judge Charles A. Reynolds Regional Chairman, who sug- gested to Gov. Troy that he advise Alaskan indus trialsts and business men to place their orders at once as the settlement may be upset later. And while it is sincerely to be hoped that events prove his uneasness to have been unfounded, undoubtedly it is the part of wisdom to follow out his recom- mendations. Passions higher in the strike zone than before. Both sides are evidently determ- ined to fight it out to finish. The union will not consent to sharing control of the hiring halls with the employers, and the shippers as whole are adamant in their demand that either they or the Government be given authority over them.
 Tacoma, too, may decide to undertake to open its port to all shipping It that should transpire, there isn't much doubt that the longshoremen would again tieup the Alaska vessels.
 In view of these possible developments, the Federal Government should authorize Col Ohlson to- go ahead with his arrangements for chartering these ships. With the owners and operators, he could work out charter plan and have everything in readiness that if another blockade is ordered by the strikers, the Alaska Railroad could take over the vessels at once and maintain service without such interruptions that which we are now experiencing. It is not impossible by any means that Secretary Ickess directions to Col Ohlson and the later's prompt appearance in Seattle had lot to do with the vote to reopen operations between Tacoma ana Alaska. And if it were known that everything arranged for Government charter and operation of vessels if the present settlement is upset there might be less likelihood of an upset
The Daily Alaska empire., 1934-07-06
Chapter 43 THE AuSIERIIIz

I'VE HAVE not. I've told you
 w everything know about 1t. Joe and l have been going around to. gether and he worme. the truth out of me about why left. But if he's been getting any money out of 1t, don't know anything about it. Don't take me back to that house." she pleaded. Honestly, I've told you all 1 know"
 You'll have to face the music" Harper declared, "but for the pres ent I'm going to hold you in reserve as surprise witness. You'll have to stay in this house, though, until I'm ready, and there will be a detective right here to see that you don't run away. You will not be allowed to send any messages befor, morning."
 "I'll stay here and the longer the better"
 So 1t was settled. Detective liar ris was given his instructions and