davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-02-01
MUTUAL SAVINGS
BANKSSHOW GAINS
Assets, Deposits and Num-
ber of Depositors Increase
Sharply in 1884.
Assets, deposits and depositors of

Assets, deposits and depositors Of
mutual savings banks increased sub
stantislly in 1894. bringing the num-
ber Of depositors to new high level,
with deposits and assets only moder-
ately below their peak In 1882. Gains
were well distributed over the Is States
in which such institutions operate, ac-
cording to the National Association of
Mutual Savings Banks.
Last December 81, assets reached
the total of $11,055, ,498, ,O96, an in
crease for the year of $l99, ACT 1874.
This figure involved an addition to
surplus Of $25, ,756, ,405, the consolidated
surplus of all the mutuals amounting
to $1,192,628,224. Ratio of surplus
to deposits is now 1872 per cent, rep
reSenting that additional margin of
safety for each dollar on deposit.
Mutual institutions begin 1885 in
the most favorable position they have
ever held" said Philip A. Benson, pres
ident Of the national organization.
I'VE are serving larger number of
the people than at any time In
century Of operation, and our per-
centage of surplus to deposits affords
the greatest measure of protection we
have ever offered to the public. Our
combined deposits and assets are only
slightly below the record in each case.
Last year, as usual, mutual institutions
regularly earned and paid their divi-
dends."
The greatest gain of assets was made
by the New York banks, amounting
to S109,715.244. Pennsylvania fol-
lowed with s17,293,5 $50, and Connecti-
cut with s16,417, ,440.
New York led in gain of deposits,
having a total Of $81, ,245, ITO, Massa-
chusettS being second, $24, ,492, 1896, and
Pennsylvania third. $16,453,96l. The
increase for the 18 States reached
$l63 ,080,092, raising the total for the
country to $9,757, ,690,9
New York likewise took the honors
in growth of deposit accounts, which
increased by 215,497. Massachusetts,
was second. 44,868, and PENNSYLVANIA
third, 39,O48. The total of accounts
drew near to 100000. numbering
13.836975.
In average of all accounts, Rhode
Island came first, the figure being
$840-76; New York, s796 "a, and In
diana, S70607. For the Is States the
average was $705l9, q decrease of
$l0.13 per account for the year, indi-
eating the larger number of new ac-
counts opened for small sums.
By reason OF restricted investment
opportunities and lower earnings, mu-
tual institutions reduced their average
dividend rate in 1884 from 3.31 Der
cent to 3.06 per cent. On January 1
the leading averages were Delaware,
$50; Connecticut, $40; New Hamp-
shire, 3.26
Evening star., 1935-02-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, February 1.-The fol-
lowing is today's summary of corpora
ton news prepared by Standard Sta
tistics Co., Inc, New York:
McGraw-Hin Publishing Co.-1934
preliminary net income before depre-
citation was s423.e .e99 VS.. deficit s155,-
ss5.
Pressed Metals OF America, Inc
Company's plant is operating at ca
pacity, as result of new lines.
Celotex Co-Securities & Exchange
Commission has called hearing for
February S, on this company; hearing,
which is part of investigation of pro-
tective committees and reorganizations
being conducted by commission pur-
suant to direction of Congress, will be
held before the full commission.
Wolverine Portland Cement Co.
1884 common share earnings were 80
cents VS.. s cents.
New York Merchandise Co.-1934
net income was s370,510 VS.. S358,935.
Mcclellan Stores Co.-Referee ad-
journed meeting of company, to con-
slider sale of the assets granted re-
quest of N. S. Goetz, attorney for trus-
tees, to enter an order that the pro-
posed sale be abandoned.
Evening star., 1935-02-01
COURT SUPPORTS
PARAMOUNT PLAN
Reorganization Providing
Debt Settlement of $751;
100000 Backed.
BY the Associated Press.

BY the Associated Press.
NEW YORK, February IA plan
to reorganize Paramount-Publix Corp,
a film theater organization, and to
settle debts Of approximately $55,-
100000 was approved tentatively today
by Federal Judge Alfred c. Coke.
A hearing on objections was set for
February IA.
The proceeding was the first taken
under a national bankruptcy law af-
fecting a concern Of such scope as
Paramount-Publix.
II the plan Is approved in its pres
ent form creditors would be paid
half of the approved Indebtedness in
preferred stock and half in debenture
bonds.
The common stock issue would be
1,600, 900 shares of the new corpora
ton against 5000, 900 In the old. The
preferred stock would amount to
about $4,000. 900 par value.
No fewer than IL nor more than
20 directors would be named for
terms varying up to three years.
After that directors would be named
annually.
George e. MedaIe, attorney for
holders Of $14,00O.000 in bonds, ex-
pressed satisfaction.
The hearing February IA Is pri-
marily to allow creditors to register
approval or disapproval of the re-
organization plan before the court
gives its final verdict.
Evening star., 1935-02-01
Business Notes
BY the Associated Press.

BY the Associated Press.
NEW YORK, February 1.-The ap-
preaching court decision on gold con-
tinues to temper activity in the whole
sale dry goods market.
Gaining momentum during the last
10 days, sales in the wholesale grocery
market here in January are estimated
to show an increase of to 8 per
cent on a tonnage basis, over the
similar month last year.
Hard surface floor covering prices
for Spring, II Is said, will be un-
changed from Fall levels when the
new lines are opened here FebrU-
ary II.
Except for upholstery fabrics. which
have remained at late Fall levels, price
advances have been general recently
on all furniture supplies. When cur
rent stocks are depleted, producers
point out, they will have to pay 10
to 25 per cent more for furniture
hardware. mirrors, lacquers, paints
and lumber.
Evening star., 1935-02-01
OLD VIRGINIA PACKING
DIRECTORS ARE NAMED
Dispatch to The Star.

Special Dispatch to The Star.
FRONT ROYAL, February L.
Members of the board of directors of
the Old Birginia Packing Co., elected
at the annual meeting of stockholders
this week, are: Col Marcus Blake
more of Pittsburgh, DR.. L. F. Hans
brough, c. Oma Maddox, Julian N.
Major and George c. Ramsey.
The directors elected the following
officers of the company: President.
Julian N. Major; vice president, C..
Oma Maddox: secretary-treasurer, S.
Byrne Downing, jr.
The principal business of the local
company is the preservation of fruits.
Evening star., 1935-02-01
Brokers' Comments
BY the Associated Press.

6y the AbSOClateQ ETeSS.
NEW YORK, February Most
commission house commentators ap-
peared to be bit uncertain today in
their opinions of the stock market.
Shields & Co.-There is no evidence
Of any important selling and there
was little better foreign demand
yesterday.
Frazier Jelke g. Cove look for
small fluctuations In q moderately
firm market over the week eEd.
Hornblowsr g. Weeks-It is too early
as yet to say whether or not the mar
ket is currently experiencing sus-
tanned reversal in the downtrend.
jackson Bros, Boesel & Co.-Active
markets in both stocks and commodi-
ties may soon replace inactivity.
Evening star., 1935-02-01
GOLD STATEMENT.

NEW YORK, February / (P.-The
gold movement at the Port of New
York yesterday included the receipts
of 81, ,675 200 from Canada and s12,500
from Jamaica. There were no ex-
ports and earmarked gold remained
unchanged. Additional arrivals OF
gold recently included $11,258, 700
from England and $3,087,700 from
France.
Evening star., 1935-02-01
FOREIGN EXCHANGES.

NEW YORK. February / R.-Foreign
others in cents. Great Britain. demand.
4.s7M: cables. 4.S7h; 80-day bills. 1861;
France; demand. 6.56%;. cables, S.56ss;
Demands-Belgium. 1928; Germany.
Sweden. 25.iI: Denmark, S1.75; Finland,
Portussi E''zezisR zzs aIseee span ss Poland
1888: Czechoslovakia. 4.I6h; Yugoslayia,
2.27; Austria. 32.46n;. Hungary. S.54An;
Rumania 100; Argentina. 49, 46n; Brazil.
S.5454n: Toxic 2S4O; Shanghai. $3.50;
Hongkong. AZ go; Mexico City (silver peso).
81 .S5; Montreal in New York, 99.90ss;
New York in Montreal 100.09Ss.
Evening star., 1935-02-01
CURB LIST MIXED
IN NARROW RANGE
Few Store Shares Rise, but
Later Lose Most of
Advantage.
BY the Associated Press.

BY the Associated Press.
NEW YORK, February Curb
market prices drifted irregularly lower
today in extremely dull trading.
A few merchandising shares showed
moderate improvement in early deal
ings, but lost most of the advantage
in subsequent dealings.
The most prominent losers of minor
fractions to nearly a point included
Electric Bond & Share, Gulf Oil,
Pioneer Gold, Distillers Corp. Sea-
grams and Cities Service.
Duke Power and De Haviland each
gained a point.
Evening star., 1935-02-01
MONEY IN CIRCULATION
INCREASES II MILLIONS

BY the Associated Press.
The new year return flow Of money
to banks, following the usual Novem-
ber-December expansion in circula-
ton, has been interrupted. This
weeks Federal Reserve System state
ment shows an increase Of $ll 1000, 600
in outstanding money.
Comparative figures on circulation
follow:
Week ended January 30. S5.35s, 900. 900
Preceding week ..... 5347 900. 900
Same week last year. .... 5.2S9 0O0. 600
Evening star., 1935-02-01
DEMAND SPURRED
FORW|NTER GOODS
Store Stocks Are Reduced
to Vanishing Point by
Seasonal Rush.
BY the Associated Press,

.
NEW YORK, February 1.-The Sc
we're weather over large area Of the
country during the last 10 days has
caused such a demand for Winter
merchandise that stocks have been
reduced to the vanishing point, ac-
cording to the weekly trade review Of
Dun & Bradstreet.
Wholesale volume was bolstered by
larger Spring commitments than last
year, the review says, and a heavier
flow Of orders than could be handled
for immediate shipment were reported
In many cases.
THE persistence of the uptrend in
industrial divisions continues to main
tain unquestioned leadership in the
progress now being recorded" the re-
view states I'm short, during the first
month of the year definite revival
has developed In nearly all branches
Of business"
In virtually all reports of retail
distribution for the week, the agency
says, attention was directed to the
gain made over the preceding week,
when heavy SHOWS interfered with
shopping plans, with the rise over last
years comparative totals estimated at
IL to 20 per cent. The largest sales
were reported for the industrial CEN
ters Of the Middle West.
Dun g. Bradstreet's business activ-
ity barometer stood at TAI at the end
Of the week, or 20 per cent above its
position on the same date last year.
Evening star., 1935-02-01
STERLING ORDERS RISE.

NEW YORK, February / R.-
buying orders for sterling silver hol-
low and fiat ware has picked up in
the wholesale market, with demand
confined chiefly to low-end merchan-
disc for regular sales and specially
priced better goods suitable for pro-
motions.
Evening star., 1935-02-01
STUDEBAKER PUSHES
REORGANIZATION PLANS

BY the Associated Press.
NEW YORK, February 1.-The
Studebaker Reorganization Committee
yesterday announced it is proceeding
with consummation of the plan for
reorganization Of the corporation as
previously scheduled, having been ad-
vised by its attorneys that there is no
meritorious ground for appeal from the
decision and order Of the court on
January 28 confirming the plan of re-
organization of Studebaker Corp. and
its wholly-owned subsidiary, Rockne
Motors Corp.
Evening star., 1935-02-01
US. TREASURY POSITION.
BY the Associated Press.

The position of the Treasury on jan
uary 80 was roc Receipts, sa ,$67; ;5s7: :396; ;76;
800, s3, ,937 .07: customs receipts for the
month. S25.53O. .sS5.15.
Receipts for the fiscal year .fsince
$4,000, ,S50,625.31 Gncluding So. .O65. 741,-
452.04 of emergency expendituresl: ex-
sed sssess s
Receipts for January 80. 1884 fcom-
parable date last yearl: S15.s39, ,17s.4 40;
81. 54,638,3S045; customs receipts for
the month. S25 526.077 40.
-. Regents for the fiscal year; SS1.67s.-
S46O1: including S1,95O S12,2S2 40 Of
emergency expenditures; excess of expen-
ditures. S1914.393.65S.73; gold assets,
81 ,029 092 98S.S6.
Evening star., 1935-02-01

Dividend rates In dollars based on last
quarterly or semi-annual payment. sUnit
Of trading less than 100 shares. tPartly
extra. tPlus ~ in stock. q Payable In
cash or stock oPayable In stock fPlus
S. In stock. gPlus 81 in stock hPayable
n script jPlus SHs in stock pPaid this
year. - no regular rate. mAccumulated
last year-no regular rate. rCompanies
reported in receivership or being reorgan-
Evening star., 1935-02-01

Twin City Rapid Transit Co. 1884
net income before amortization of
bond discount and expense was $312,-
LOG, VS.. $50, ,436.
Evening star., 1935-02-01
MONTREAL SILVER.

MONTREAL. February / R.-silver fu-
lures opened easier. March, SO 40b; May.
53.75b; July. "a .35b; September, 55.00b;
December 55.S5b. Bid.
Evening star., 1935-02-01
RUBBER FUTURES.

NEW YORK. February l R.-Crude
rubber futures opened quiet. lower to
8 higher. March. 12.70b; May. 1885;
Evening star., 1935-02-01
FOREIGN BONDS.

ww--With warrants. xw-Without
variants, New. wi-When issued: st
by maturity. tCompanies reported In
Evening star., 1935-02-01
PRODUCE EXCHANGE

NEW YORK. February R.-Produce
Exchange stock list:
Evening star., 1935-02-01

Garlock Pack'g(1)
Ga Pwr IS pf.
Glen Alden & t1A
Godchaux Sug (B)
Grand Rapids
VarniSh t50c)
Great Att 4 Pac
Tea nv 90.
Greyhound (Del).
Gulf Oil OF Pa. -.
The Washington times., 1935-09-13

in some cases. and record shows that the quantity OF
bonds bid for successive auction offers mad oecneo Inc
last offer failure. -.
his paper ou debt at fixed wholesale prices largely through
dealers This method has its disadvantages but apparently it
is necessary in the present state OF Government credit
The public should know that the reports of huge oversub
scrptons to Government bonds very little In the first
place. banks and other financial institutions practically have to
take Government paper and IN order to get What y nee
for their portfolios they subscribe for far more than they want
or expect to get They greatly pad their subscriptions
In the second place dealers have to be relied upon to dis
tribute the issues and they count on Tree oe the shape
of quick premium the bonds This not only requires
that fixed price be named by the government Out also aoS
them to pad" their orders
The "successfu sale of the Government paper of
this sort Under the circumstances 1t was toregone con-
cuon The point that the auction method would not work
This is true partly the Administration had msused it,
and poor head work Largely however, it because the
Treasury such large and continuous borrower IN dae one
for this failure the knowledge that SOOoOOo
piece of financing coming
It should be noted that the later issue runs for only
three onhaf years. while the that failed was for four
years.
am asked about effect of possible return to the old
gold Standard
To me- there seems to probability of this When
turn to gold Standard there will probably be only SO cent
as much gold in the gold dollar there used to be- less
This will reduction in the purchasing power OF
bond and tendency for them to become worth
only SO former cents, as measured in commodities
What is going on is that the present Administration rob-
bng all people have any money It has seized 40
per cent Of the quantity OF gold back OF our money ana caea
it profi This it has done by reducing the gold content
of the dollar thus enabling to make dollars out of the
quantity of gold.
By this process robbery which is much the thing that
the old kings such Henry VIII used to do they figure that
they see" the debts they pling They will ask
creditors to take SO cents the dollar!
Accordingly, Government bonds will eventually have real
value of about SO CENTS measured terms of former prices
One reader asks the difference between equlty and
bond bond definite promise pay CASUALLY both as to
principal and INTEREST," and the debt Of ssuer An equy
is owners share in business ~ share of stock and is
promise pay It's value depends earnings and the
dividend policy Of the management
The Washington times., 1935-09-13
COTTON STEADY
ANDNARR0W

NEW YORK, Sept. 13 G.N.SO.
The cotton market steadied in
later trading and prices held at
about unchanged levels. Lower
Liverpool cables in all months ex-
cept October and further reports
of clearing weather were coun-
teracted to an extent by better
buying on reports of a decline in
Texas crop condition.
Speculative interest continued
negligible and prices held in an
extremely narrow range. Hedg-
ing was on the increase again.
Local selling continued and South
ern selling was becoming heavier.
Commission houses also joined
the sellers.
Towards noon prices continued
to hold narrowly. october was
quoted at $10.43, unchanged; De-
cember at $10.48, unchanged:
May at $10.62, off l point, and
July at $10.67, off /.
The Washington times., 1935-09-13

One suggests that told only part of
the story about the recent failure Of the
United States Treasury to sell all OF a
certain 1OO-million-dollar issue of bonds,
and asked if the subsequent ready sale
of 500 million dollars does not disprove
my point.
Not at all. My main point in discuss
ing the Treasury's failure to sell was that
this sale was an auction sale, and that
this fact made the failure more signifi-
cant. It showed that the Administra-
tion's credit is not good enough to get
along without artificial aid.
The earlier sale was an auction, and
buyers were requested to bid for what
they wanted at prices they were will
ing to offer. Mr.. Morgenthau had been
trvino the method. which works we'll
The Washington times., 1935-09-13
AUCTION BOND FAILURE
EXPLAINED AGAIN FOR
DOUBLING READERS
By LEWIS HANEY
ofessor of Economies, New York University

Several questions about bond issues have in from
Washington D. c. Seattle, and New York, and will try to
The Washington times., 1935-09-13
Washington Stocks

SALES
Washington Railway and Elec,
trio IS, $1,OOO@1o5A.
AFTER CALL
Capital Traction SIS, $1,000@97,
31,OoO@97.
Potomac Electric 51as pfd, SO
1872.
City and Suburban IS, $1,000
80.
Capital Transit Company, 100
171z, 5@1712.
National Bank Stocks
Capital 90 ............... llO -.
Liberty (5) .......''''"''''' SU ~
S!::: $!::: g s}s "a; ~ ;;;:: |5;3~ i: ii: I'll:
Washington (6) ........:. l1O5 ~.
Trust Company Stocks
Amer Sec & Tr. Co. (O. ..n99h12O5
Natl Saw & Tr ............ 100 IOS
Wash Loan & Tr ....... .Il97 I2O6
savings Bank Stocks
Com & Savings ............17 49,.
Fire Insurance Stocks
American G2) ............. 1870 ....,
Corcoran (2.5O) ............ 80 .....
Firemens G.60) ........... 80 So
National Union (.So) ......l 11hI.....
Tile Insurance stocks
Columbia (.SO) ............, .....
Real Estate (6) ...........L L1Ol I....:
Miscellaneous Stocks
Carpet Corp U.6O) ......... % 26
Lanston Monotype (D.... 81 -.
Mergenthaler Limo ........ 28 20
peoples Drug pfd (6.5 11?h
Real Est NJ G. G pfd (2O. = ~
Security Storage (5) ..... SO .....
Ter Ref & VIII Corp (9..... q .:..
Wd & Lothrop com t1.20). IS 40
Wd & Lotrop pfd (O.....lll3 l.....
Public Utility Bonds Bid Ask
Amer Tel Tel AIS .... 1o9 .....
Am Tel Tel Col Tr IS. i. 1OsN -:
Anacostia & Pot SIS ....... 81 92h
Ana & Pot Guar IS ........ 107 .,...
C Tel of Va 5s ..... l04 80.
Cap Traction r R 5s ..... 81 9S
City & Suburban 5s ...... S1h! 92h
Georgetown Gas 1st SIS ....l112 1.....
Pot Elec Pw Cons IS $50. 1O2h l1OSA
Potomac Elec SIS ........ 1O7 .....
Wash Gas b 1858 .........l1OS I1O6h
Nogales international., 1935-03-23

The legislature has passed an act requiring jail
sentences to be imposed for drunk driving That is
good Every person attempting to drive an automo-
bile while under the influence Of liquor deserves to
spend at least thirty days in jail and it is to be hoped
that the new law will be rigdly enforced We are
fearful that too many prominent citizens will be
charged with "reckless driving rather than with
drunk driving We hope We are wrong bat fear that
We right. (Dunbar's Weekly
A nerrologist declares excessive piano practice
may cause nervous disorders Especially among those
who have to listen.
That phrase about government of the people, by
the people, for the people, was probably onv another
Of Lincolns little jokes
Former Vice President Dawes, in Tucson few
days ago. stated that the depression is over and that
business t! will be going at good rate by May /, pos
ready, and we hope you are right (Dunbar's Weekly
A Philadelphia newspaper declares the relief
problem is taxing OUR best minds Well, why not
everything else is taxed
Nogales international., 1935-03-23
The Upward Spiral

Improvement in business conditions is reflected
in editorials cleaned from newspapers published IN
widely separated States from the Atlantic to the "a
cific coasts and including such inland CONFERENCE.-The
as Kansas Michigan, and Ohio. IN all Of these States
comment emphasizes the steady upward swirl OF the
business spiral.
Business in Southern California; says the Glen
dale NeWs-P Press "generally showed Improvement IN
1884 This was circumstance almost evident 10 oD-
servers in both large and small cities This paper
goes on to say that the most decided advance was IL
the agricultural where bank debts reflected the
increased amount received for crops and expended by
the growers Automobile sales went UP Il percent
while industrial employment bettered by y per
cent.
From North Carolina comes assurance through
the Greensboro Record that the rapid recovery OF
banks in the Tar Heel State CONSTITUTES one OF the
most cheering and amazing chapters III the story OF
the States economic and financial progress since the
depression" Pointing out that Improvement has come
long way since the banking holiday, the Record
quotes the prediction Of the State bank commissioner
that bv the end Of this year the resources OF North
Carolina banks will be almost at the high peak Wlch
was shown before 1929"
The Wichita (Kans) Eagle takes the motor car
as the first barometer to record permanently clearing
skies Declaring that automobile output through 1921
g reflected the state Of the popular purse the Eagle
believes that the current increased output OF cars is
indicative Of growing public confidence in the upward
economic trend Of the times. "The new cars every
where in sight" says the Eagle, mirror something
stronger than a mere hope Of better days to come.
every day now makes sadder the prophets Of
gloom declares the Journal, Hamilton, Ohio adding:
"There is little doubt remaining that business is
ing upward and forward The first 342 industrial cor
porations to report for 1884 show increase in
ngs of 20 percent Busy retail business and auto pro-
ducton surprising all expectations, testify to CON
sistent gains"
On the outlook for hopeful signs the Kalamazoo
(Mich) Gazette finds encouragement in the report Of
the United States Chamber Of Commerce that the to-
tai manufacturing pay roll in this country is now
larger by some 100000 workers than it was years
ago and concludes: "For some reason Or otherGov-
ton seems to be clearly gaining That alone should be
recognized as highly encouraging symptom. * :"
Nogales international., 1935-03-23
Legislature Performs CreditabIy

The Twelfth legislature performed creditably &C
cording to the following editorial in last weeks Dun
bars Weekly, published at Phoenix:
"0ur impression is that the Twelfth legis-
lature compares favorably with past legislatures.
All legislatures are a combination of intelligence
and stupidity, cunning and cupidity, patriotism
and greed, energy and laziness, honesty and hy
procricy, and the good qualities outwcight the
bad The present membership is a good cross
ton Of the people of Arizona, and On the whole
has performed creditablv.'