davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-03-21
PR|VATEF|NANC|NG
HELD GOOD SIGN .
Recent Negotiations Hailed
as Possible Prelude to
Real Recovery.
BY RAIDER wINGET,
Associated Press Financial Writer.


NEW YORK, March 21.-Recent.
STRINGS in private corporate financing
negotiations are acclaimed in Wall.
Street as a possible prelude to definite ,
recovery.
Joseph P. Kennedy, chairman Of the
Securities and Exchange Commission,
revealed this week in New York that
s288, 100000 in private financing was
Sin the works" at the present time.
In the first two months of this year
there has been a total private capital
issue of about $37, 100000 of which
about $ll,800,000 was new financing,
with the rest used for refunding out
standing securities.
Those totals, regarded by many as
conservative, contrast with total pri-
vate corporation financing in 1894 Of
about $49l ,000,0 of which about
sits, 100000 was new capital. The
previous year there was 1881 600, 900
in corporate financing, with $780,
100000 of 1t new.
Optimism is founded on the fact
ILldL OuIIIlS OcpIeSS1OIlS private cor
porations become timid and withdraw
from industrial expansion activities.
When recovery sets in, manifesto
ton seen by economists as merely the
return of private enterprise to the
field Of business, private financing
increases.
Kennedy called on the captains of
industry to forget their timidity and
go back into business, and many III
terpret the present indication Of a
heavy volume Of refinancing as forma-
ton of a basis for further extension
Of business through capital loans.
Although private financing in the
last few years has been predominately
for refunding, almost all of it has L.
been done at lower interest rates. This
consolidation of corporation debt at a
lower rate has been commended. Some,
economists declare it is a necessary
step before issuance of securities to
raise money for business extension.
Evening star., 1935-03-21
CHICAGO LIVE STOCK.

1Is5|ns Hs5s 81 ~ lsSes' S''Es IT.
s SSSsSo boanss eSanGs sasssSe $685. sSs sSD
s' 4s pscIias sS5sss Rss sSs
good and choice. i4o-iso pounds 7a75s 7tHs
$50; light weight, 10000 pounds. S.25
sS gn'fs hsasy weight ssss 2SS sSsS Psvns: pounds
ana sns-sso ssoe.D DOq0S., 1885, nossa dsCod
Cattle. 4.000;. calves. 1900. General
iinss steady to strong; better Grades suit
g kshR rons shsdf to higher g hHheI n 's sS
str9ns to 10 higher, yeslers. steady to rs
hisher h..s v.,ssy s,ss ,s.e9. sees2S cda head SssS
socsoS spd pSsnss fsSa .sS
gPSsai69 PSasaasi 5do DoSns., DHSgds
sssss Ssss. sSS:5s55 Ss$oi 81,
mon ahd medium. 600s9.25; cows, GOOD.
67eao,00; common and medium. 1.00a
SS5S; low cutter and cutter. 3;O0a4.00;
s.sg.1.ss: s.5a:; cutter; ss%mon, s q, :SS S mssisn si
mon OOa6 90; stocker and feeder cattle:
3 s4+SaHsss.75' common and medium. NsaS SIS
=. Sheep, 5000; fat lambs slow. bids and
and esanisa iafs lambs e R0sa ch.ns.d ds:f dsssiD
slsgsh..l na .lssp ssss' and seH LAMBS: ss::
S'snd and 'GSsd sda% sna eeosSs ssSs
as:35: ewes o;l50, pounds. good and
sslet .dS .sisets sans eonmsn mss
60.75 pounds. good and choice. 6.26a7. 90.
Evening star., 1935-03-21
CLEAR|NGS STAGE
FURTHER ADVANCE
Weeks Total Represents In.
crease of Ia Per Cent
Over 1894 Level.
BY the Associated Press.

By the Associated Press.
NEW YORK, March 2l.-Bank
clearings took another squirt upward.
exceeding those for any preceding
week this year. The total for the "a
leading cities in the United States for
the week ended Wednesday. March 20.
as reported by Dun & Bradstreet. Inc.
was $5,9SS, ,222, 900, against $5,25l, AL, :
900 for the same week Of last year, an
increase Of 40 per cent.
This contrasted with a gain of ITO
per cent In the previous week. At New
York City clearings were $4,l66,235,- =
600. an increase Of 1873 per cent over
the amount reported last year, while
the aggregate for centers outside OF
New York OF $1,e2l ,9e7 900 was 1873
per cent higher
The larger gains continued at some
Of the cities in the West and the
South. A large increase also appeared
at Philadelphia and Pittsburgh, a.
well as at Chicago, Detroit. Cincin-
natl, Baltimore, Atlanta, New Orleans,
Kansas City, San Francisco and
Seattle.
Clearings the last week were in ex-
cess Of those for the second week OF
March by 1868, 100000, whereas for
the same two weeks q year ago the
increase was $444,140, 900.
Figures at leading centers showing
increases and decreases as compared
with those Of year ago, are printed
herewith; also, daily bank clearings
for each month this year:
Evening star., 1935-03-21
ACTIVITY DECLINES
AT COTTON MILLS
February Rate at 1902 Per
Cent Compared With
Previous 1926.
BY the Associated Press.

BY the Associated Press.
The cotton spinning industry was
reported today by the Census Bureau
to have operated during February at
1902 per cent Of capacity, on single
shift basis, compared with 1925 per
cent for January this year and 1Ol s
per cent for February last year.
Spinning spindles in place Febru-
ary 20 totaled 30,85l, ,0l8. Of which
"a, 1925, 1853 were active at some time
during the month, compared with 30
1854 and 25,145,694 for January
this year and 30,992, ,496 and 1885,
498 for February last year.
Active spindle hours for February
totaled 6,575, ,356,524 or an average of
2lS hours per spindle in place, COM
pared with 7,Sl0,0l7,095 and 244 for
January this year and 6.692, 100, ,31S
and 216 for February last year.
Spinning spindles In place February
% in cotton growing States totaled
Is, ,392, 14S, Of which 17,436, ,902 were
active at some time during the month,
compared with 1885, ,446 and 17,494,-
428 for January this year and 9,242,-
ats and 1888, ,586 for February last
year.
Active spindle hours in cotton-g grow
ing States for February totaled 1887, :
402,777, or an average Of 252 hours
per spindle in place, compared with
5,547 1854, ,056 and 286 for January this
year and 4,852,497,14l and 252 for
February last year.
Active spindle hours and the aver
age per spindle in place for February
by States follow:
Alabama. 462. 1872 77S and 242.
Georgia. s42,3l9 ia and PAS,
Mississippi. AIT. .352 and 1872.
North Carolina. 1.4Il.992. 1913 and 229
South Carolina. 1.72l. .513.1l3 and 294
Tennessee, 100. 0.556.34e and 25l.
Texas. 80. .401 .646 and 1872
Virginia. 1873 3.92S.434 and $50.
Evening star., 1935-03-21
NEW YORK PRODUCE.

NEW YORK. March 81 1Pi.--Butter..
ira, 30I4a3l; extra (e2 score), 2934a3O:-
firsts t90-91 scores, 29la-94: centralized
100 scoreD, 29lz. =
fats. held. 1894 fancy TO specials, 1shala.
Egss, 1896: unsettled; mixed colors,'
special packs or selections from fresh re-.
cial standards; 211a-9,; firsts; 201za21:'
average checks, 10; storage packed frsts,'
2lA-E
Live poultry weak; all freight grades
unquoted
Evening star., 1935-03-21
Improvement Seen
In 1884 Profits of
Remington Rand

By the Associated Press.
NEW YORK, March 21.-Reming-
ton Rand, Inc, reported that its
profits for the final quarter Of 1884
were $5s0,77s, equal to 10 cents q
share on the common stock.
In the third quarter profit was
$224,573, equal to $1.43 q share of
preferred stock, and in the last quar-
ter of 1888 the net income was $444,-
TAI or 10 cents Q common share.
Sales for the December quarter
last year totaled 1922, ITO, the best
volume for any three months since
the first quarter Of 1881.
The company stated that sales are
currently running 25 per cent ahead
Of the same period last year.
Evening star., 1935-03-21
FOREIGN MARKETS.
BY the Associated Press.

LONDON-The continental political
situation restricted business on the Stock
Exchange today. Prices sagged under the
lead Of gilt-edged. securities on lack OF
support. IRON and steel shares hrmed on
the increase in import duties on those
products. Gold mining and aircraft stocks
dull
PARIS-Renecting uneasiness regarding
the Franco-German situation. trading on
Slight opening gains in rentes were soon
lost. The closing was weak.
BERIlNI,Aftsr weaker opening,
lated by the German rejection of the
French note. The closing was arm.
Evening star., 1935-03-21
LONDON BANK REPORT.

LONDON March 81 lP.-The weekly.
the following Changes in pounds: Total
reserve increased 1.013000: circulation
decreased 9Gl 900; bullion increased So
900: other securities increased 1882 900;
public deposits increased 6,40S.000; other
deposits decreased 2.a41 900; notes reserve
increased 963,00O; government securities
increased 1.lS0.000
The proportion of the banks reserve
to liability is 46.73 per cent. compared
with 41.12 last week
Rate of discount y per cent.
Evening star., 1935-03-21
BANKS REPORT CLIMB
IN SECURITY HOLDINGS
BY the Associated Press.

BY the Associated Press.
Banks continue to expand their
holdings Of securities. mainly Federal
Government obligations. in the ab-
sence Of active commercial demand
for loans A rise Of about $3.50, ,000,-
900 in total loans and investments Of
reporting member banks of the Federal
Reserve System since the turn of the
year Is accounted for by increased Sc
curity purchases. They added s62.-
900 900 in Government issues tc their
portfolios in the week ended March IL.
Comparative figures on aggregate
loans and investments, as reported to
the Federal Reserve Board by members
In 81 cities, follow:
Week ended March 13. .s1s,5320oo,oQo
Preceolng week. lo'fOs,VUy,VUV
Same week last year. -. lG.hl3 .QO0. 600
Evening star., 1935-03-21
o. s. TREASURY POSITION.

The position Of the Treasury on March
10 was; Receipts. $124 ,9l3. $50; .sxpedi-
s75,sQ6; customs receipts for the month.
Receipts for the fiscal year tsince July
u. So, ,705. .SS1 .042; expenditures S4,93O..
45e.s5I dncindinE @, $50: :7a3 .67s Of
smsTEency eBxpeSnyd1tturss2is B Sy1 excess cess Of sx-
Kecsipts for March 10. 1894 (compar-
able date last year. S83. .Q64. .765: expsndi.
tures.. S2s.216.149; net balance, S4.863. a
ks6g 21s: customs receipts for the month J
S15.791. $50. 7
Evening star., 1935-03-21
PARIS BANK CHANGES.

PARIS. March 81 Rl.-The weekly
statement Of the Bank OF France shows shows
decreased SO 900. 900; sight balances
abroad unchanged; bills discounted at
home decreased $4,000. 600; bills bought
creased 100000; circulation decreased
s15,on0,ooo' current accounts increased
6O2 100000
Rate OF discount. 2ia per cent
Evening star., 1935-03-21
CURB LIST TENDS
TO HIGHER LEVELS
Prices Helped by Strength
of Specially Shares
and Utilities.
By the Associated Press.

By the Associated Press.
NEW YORK. March 2l.-Helpeo
along by strength in specialties and
utilities, the Curb market was fairly
steady today.
American Gas and Electric Bond &
Share each gained more than a point
and fractional improvement occurred
In Niagara Hudson and Cities Service
Specialties up l to 3 included Grey
hound, Montgomery Ward "A" anc
Parker Rust Proof.
Metals, including Lake Shore and
Wright Hargreaves, were inclined tx
sag and oils showed little change.
Evening star., 1935-03-21
LATE EASTER rs FACTOR.

NEW YORK, March 81 @.-With
the late Easter a factor, buyers are
said to be showing interest in inter-
mediate types Of apparel which can
be sold both prior to holiday and
later in May without a markdown.
Evening star., 1935-03-21

ww-With warrants xw-Without war.
rants. n--Nev. wi-When issued. at
(stpl-Stamped
tCompsnies reported in receivership.
tNesotiability impaired by maturity.
Evening star., 1935-03-21
VANADIUM LOSS REDUCED.

NEW YORK, March 81 GP.-Va-
nadium Corp. of America and sub
salaries 1884 net loss S861 OFT, COM
pared with net loss Of S905, $50 in 1888.
Evening star., 1935-03-21
MONTREAL SILVER.

MONTREAL. March 2I GP,.-Silver fu-
lures opened firm. March, 5a.22b; May
80. sob: July, 59.90b; September, 60.50b
Evening star., 1935-03-21
RUBBER FUTURES.

NEW YORK. March 81 R,.-Crude
rubber futures opened barely steady. Gal 5
lower May. 1l0la1l.02; July. 11.13a
lila: September 11.26a11.2G
Evening star., 1935-03-21

" III 14S WI W. - - ~ - y
Unit Lt&Pwr tA). 10 "a u Il
Unit Lt&Pwr (B). l L
Unit Lt&Pwr pf.. l900s ~. 3% ~
Unit Shoe Mt4h 275s "a 73 "a
U Fol OBJ >t60c). S l1E l0M l1h
U 8 & Intl Secur.. l u ~ n
U Playing
Unit Verde Ex <0e 8 8 3
Utilities Pwr&Lt. 45 q h II
Utilities Pol pf.. sos Z
Utilities Pol (B). IA. Ia ia
Utility Equities. l Ia Ia IL
Utility Eu pft31a 1905 46 Is 46
Utility & Indus pf ! !
Waco Aircraft.... 2 31s 3H 3L1
Walker tHiram).. Is 2SL4 81 27
Walker (H) pfI) 175l 17la l7ss
Wenden Copper. h Il a
Westn Pwr pf (7) 25s rs rs rs
West Tab & Stat1) l 13 13 IL
Westvaco pf (O.. 25s 10l14 10lIs 101Is
Wright Hartt6oc) II 9N pa eh
Yukon Gold
Evening star., 1935-03-21

EAGER WUShNpo ,c nn,uv
TRADITIONAL 1'35 SPRING !!!l.! y? Dk.se S'.'s:'
c.,h,r. Book Beer is O''N cunther'. Book
ss's~s is s"s. wooden vat. +. develop good d
."s ~.; s'' s:,s ;s. 80 s::::
as. No: s:s. Be-, r. ,s:: ,.".
yours your on u. a,.ssht and i" bottles at ''
i: .,. i. bee: 3: .::,
Evening star., 1935-03-21

Ohio Oil Gu Of t6). 500s 92A 90 go,
Evening star., 1935-04-30

ments Is about to begin, the council
instructed the assessors not TO in
crease the valuation on any existing
property.
Evening star., 1935-04-30
JAPANESE YOUTHS
HELD IN CONSPIRACY
Six Accused of Plotting to As
sassinate Empires Foremost
Liberal Leaders.
BY the Associated Press.

By the Associated Press.
TOXIC, April 30-Six japanese,
the oldest 18 and the youngest Is.
were held for trial today on charges
Of plotting the assassination of some
Of the empires foremost liberal
leaders.
Police disclosed that the accused
ring leader, Senta Isogawa. Is. was
arrested last December 5 at Okitsu.
at the entrance to the villa of Prince
Kimmochi Saionji, last of Japan's
elder statesmen"
The authorities said the youth car
ried a dagger and was. demanding an
interview with the prince.
The secret roundup Of Isogawa' s
alleged accomplices, mostly munitions
workers, produced evidence, the police
said, that the conspirators planned
also to aSsassinate the political lead
ers, Count Shinken Maxine and Baron
Reijiro Wakatsuki. a former premier,
and the heads of the Mitsui and Met
subishi banking houses.
Evening star., 1935-04-30

Let us show you chairs, for
example, that have been ham,
mered and battered, drenched
with water and placed directly
in front of a blazing hot fire to
dry. Not a trace of the abuse
is to be seen. Every piece will
behave exactly the same in your
service. It is an exclusive process
Evening star., 1935-04-30
Legislation Opus Finished
Robert Luce Writes Last Copy for
Million-Word Work.
BY WILL p. KENNEDY.

TINE internationally authoritative
work on THE Science Of Leg
islation," in four large vol
umes, is completed, compris-
ing q million words in 100
chapters, representing 23 years Of ac-
tual work, with So years Of personal
legislative experience and the study
of a lifetime of more than threescore
years and ten.
Back to Boston today goes Robert
Luce. former member of Congress,
where he was chairman of the Library
Committee and one Of the most active
members of the Banking and Cur
rency Committee, former Lieutenant
Governor Of Massachusetts, chairman
of the Commission on Cost of Living,
floor leader of the State Constitu-
tional Convention, president of the
Republican Club Of Massachusetts,.
member Of Congress for 16 years and
member Of the State Legislature for
nine years. With him he is taking
the completed manuscript OF the last
of the four volumes in 1.-THE Science
Of Legislation" which will be on the
presses before the end Of this month.
Thinks Work Will Live.
At the age of 70, Mr.. Luce feels
that he has finished the monumental
work" of his life-something to leave
behind him, distinctive, personal
achievement to help guide future
generations. Thomas Jefferson wrote
his own epitaph, other men have built
their own cofins, Robert Luce has
f1niShed his own monument-some-
thing that will be of service to man
kind long after he is gone.
OF the million words in this work,
each and every one was knocked out
typewriter. He was formerly a news
paper man and established one Of the
best-known clipping bureaus in this
country. There is not one dictated
line in the four volumes.
THE Science of Legislation" Is
divided by Mr.. Luce into these four
subjects, each the title of a book:
Legislative Procedure"
Legislative Assemblies"
Legislative Principles"
Legislative Problems"
This latest work concerns the live
problems of today, such as: Delegation
Of power, administrative legislation.
the cabinet system. 1t covers the
broad underlying principles of about
everything that is going on today.
After having served nine years in
the Massachusetts, State Legislature
and one term as Lieutenant Governor,
Mr.. Luce was knocked of the political
ladder in 1912 by the first Roosevelt
Evening star., 1935-04-30
CHICAGO TO SEEK
So CONVENTIONS
Funds Will Be Raised to
Tempt Both Democrats
and Republicans.
BY the Associated Press.

BY the Associated Press.
CHICAGO, April sO.-Bids for the
1896 Republican and Democratic Ma
tional Conventions will be made by
Chicago, site of both gatherings in
1892.
George F. Getz and Walter j. Cum
mings, treasurers of the Republican
and Democratic National Committees,
respectively, said today the Chicago
Association of Commerce was COM
pleting plans for obtaining funds to
seek next years major political as
semblies.
To get the 1892 meetings, Chica-
goans guaranteed each party 5000, 900.
The association is selecting a COM
mittee to raise the necessary money
and issue formal invitation to both
parties.
Competition for the Republican
gathering, Getz said, would be given
to Chicago by Atlantic City, which
already has offered a guarantee;
Cleveland, San Francisco, and pos
sibly others. Atlantic City also is
seeking the Democratic meeting, said
Cummings.
Both national treasurers are Chi
cagoans, Getz coal dealer and Cum
mings banker.
Sites of the gatherings will be
selected late this year by the national
committees.
Cummings said use of the Chicago
Stadium in 1882 enabled both parties
to effect economies. Although the
Democratic Convention lasted one
third again as long as the 1928 Hous-
ton Convention, the cost was less than
one-half the $4,000 spent for the
Texas event. The Republican costs
also were low. as compared with many
previous conventions.
The Republicans have met in Chi
cago nine times and the Democrats
four times.
Evening star., 1935-04-30

when the Progressives defeated all
Republican candidates on the State
ticket. He never expected to again
hold public Office. He looked around
for something that he could take up
as an avocation, to which he could
devote the rest of his life and "lose"
himself in the task. He had been a
newspaper man and lawyer, and in
terested generally in all civic and well
fare questions But above all else he
had acquired a keen interest in the
science of legislation, and decided to
take that up. Right there is where he
started writing his million words to
convey his analysis and interpreta-
tions.
Later he managed a constitutional
Evening star., 1935-04-30
Separate
Pieces

Sleepy Hollow Easy
Chair in rattan, the
coolest and most COM
Portable type of Sum-
mer chairs; in natural
color interlaced with
green and $10.S
orange -. -
Bridge Chair in
closely woven rattan;
natural finish wi t h
black permatex 90
cushions ..... %O
Bridge T a b lie to
match, natural base
with washable b a c k
Rsrm Ese .'!''..* a e. SIS
Rattan Chairs, all
done in this remark
able indestruc- $3.50
tible finish :. 4
Folding C h a ir Of
stu r dy construction
which folds up fiat.
Canvas seat and back
in red and white, blue
and white and
We ello W and S1.75
white ...... ~
Evening star., 1935-04-30
C0NVOCATION MEETS

Northern Virginia and Valley
Churches Take Part.
Special Dispatch to The Star.
LURAY, Va, April 30.-C. Sturgess
Ball, Alexandria, preached the OPEN
ing sermon last night for Valley Con-
vocation Churches. meeting in Luray.
His topic concerned Relief in I'm
mortality"
This mtlNg, following devotional
exercises. will be devoted to business.
In the afternoon q trip will be made
to several mountain missions.
Rev Peyton Craighin of Leesburg,
as dean, is presiding at all sessions
The convocation comprises churches
Of Northern Virginia and the valley.
Rev. Robert Nelson, Winchester, is
secretary.
Evening star., 1935-04-30
PROBE OF LIQUOR
STORES IS URGED
Riverdale Council Acts on Com.
plants of Beer Sale Con.
ditions.

Special Dispatch to The Star.
RIvERDALE. Md, April 30.-An
appeal to the Prince Georges County
Liquor Board to investigate condi-
tions in local beer stores was made by
the mayor and council today.
The appeal followed complaints
that intoxicated men have been an
noying persons in the vicinity Of the
stores.
The council voted to support the
Women's Civic Club Of East Riverdale
in a campaign to hasten construction
Of a sewer up the Northeastern
branch. The club will urge this prof.
ect as one to be included in the pro-
Evening star., 1935-04-30

convention. Of which he was fioor
leader-and later came to Congress in
1919. Here he was recognized as an
authority on the subject Of legislative
procedure, principles and the history
of legislative assemblies. His 16 years
in Congress added greatly to his ac-
quaintance with the subject. He spent
all of his spare time and hours well
into the morning writing his books.
He has been spending several days
in happy reunion with some of his
veteran colleagues-all Of whom were
amazed at his rejuvenation.
The Washington times., 1935-07-29

Parties to a divorce proceeding
who entered into a private agree
ment modifying a court decree
for alimony without getting ju-
dicial appro, al of the agreement
cannot use the agreement as a
defense or set-off in later court
proceedings brought by one
against the other, the District
Court of Appeals ruled today.
In the sC.t of Countess Mar
jorie Pilson Salvoni, of New York
and Italy, against her former huS-
band, Edwin H. Pilson, whom she
had divorced in Rockville on o.
tober Is, 1928, the court made its
finding.
Countess Salvoni had been
awarded SIS monthly alimony for
the support of their children and
two years ago instituted proceed
ings in Rockville to recover $3.50
from her former husband. alleg-
ing none of the alimony had been
paid.
She commenced her action in
the local courts last year and OBJ
tanned judgment for that
amount here! Mr.. PilSon appealed
to. the higher court on grounds
that the countess had. agreed to
waive the alimony payments if he
agreed to waive his right to visit
their three children under certain
conditions.
Such an agreement without ju-
dicial sanction could not be bind
ing on either party and could not
be considered as a modification of
the original decree, according to
the court opinion today, which af-
firmed the judgment of the lower
court. Attorneys Seton Darr,
George E. Monk, and James CD.
Moran argued the case before the
appellate court.
The countess was married to
Alexander Britton on December /,
1923. He died in 1926. and she
subsequently married Count Sal
voni, Of Florence.
OF the Prisons three children,
the eldest two are married to
italian noblemen.
The Washington times., 1935-07-29
ASKS
TO SUSPEND

ARLINGTON COUNTY COURT
HOUSE, Va, July 29.-Service on
the Washington and Old Domin'
ion Railway, a forty-mile line run
ming from Rosslyn to Bluemont,
Va, probably will be suspended
next Friday.
The line is now in the hands of
receivers and application has been
made to the Interstate Commerce
Commission for permission to sus'
pend.
In Circuit Court here today,
Judge Walter T. Mccarthy in
structed counsel for creditors OF
the road to file with him by next
Friday an application to suspend
service pending granting of per
mission to abandon the line.