davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1935-02-04

Ultimate consolidation Of ma
tional authority over the countw'S
$4,000 banks appeared more i'm"
minent yesterday as the Federal
Reserve Board made public plans
for an impressive new building to
house its activities.
The project would give the
board more than twice its pres
ent space, and leave plenty of
room for the building Of addi"
tiOnS.
Although board members said
the building will be designed for
Reserve activities alone, there
was no denial that it will pro-
vide an advantageous position if
the Reserve System is united with
the Comptroller's office and the
Federal Deposit Insurance Cor
poration.
The board has paid the Treasury
$755, 900 for two lots on and near
Constitution Avenue, between the
NationaA Academy Of Science and
the Public Health Service and
close to the Lincoln Memorial.
It announced an architects
competition for the building, to
cost we'll over $1,00O,O00, and to
be finished in about two years.
Consolidation Of the banking
agencies will not be proposed to
the present Congress, it is under
stood.
The Washington times., 1935-02-04
KrOger Grocery
Sales Still Gain
INTERNATIONAL Newa Service

Kroger Grocer & Baking Com
pany, sales in the four weeks end
ed January 26 continued to show
an average gain of about S per
cent over year ago despite the
usual seasonal lag during the first
portion Of the company's fiscal
year.
Officials aScribed the mainte-
nance Of volume to large scale buy.
ing by residents of Ohio who were
anxious to anticipate the 3 per
cent sales tax which went into
effect on January %.
About 81 per cent Of the COM
pany'S stores are located in that
State. AS a consequence 1t Is be-
lieved that sales for the next quar-
ter will be lower.
The Washington times., 1935-02-04
SHOUSE FLAYS
WORKS BILL

PHILADELPHIA, Feb. 4 GIN.
S0.-DiSintegration Of the pres.
ent form Of government in this
country will surely result If the
Administrations 1880 million dol
lar work relief bill passes the Sen.
ate in its present form and goes
unchallenged in the courts,
Jouett ShouSe, president Of the
American Liberty League, de.
clared here today.
Mr.. ShouSe told meeting
under the auspices Of the Phila.
delphia County League of Women
Voters:
"The issue involved Is
whether democracy shall con-
tinue to hold sway in this coun-
try or whether bureaucracy will
take its place."
DiSclaiming any disposition to
criticize the motives of President
Roosevelt. whose courage and
industry he praised, the Liberty
League head nevertheless de,
scribed the Presidents work relief
program as "a step toward the
European type of dictatorship in
which the parliamentary body be.
corass q nonentity."
He expressed the hope that the
Senate Appropriations Committee
now rebating the merits of the
bill, would make substantial
changes before it is reported out
for passage.
The Washington times., 1935-02-04
CURB DEALINGS
INACTIVE AND
IRREGULAR
BY THEODORE KosLoW

NEW YORK, Feb. 4 G.NSJ.
The curb market was a dull and
irregular trading affair today,
with the further delay in the
Supreme Court gold decision con.
tinuing to restrict speculative in
terest in the proceedings.
Utilities were irregularly i'm.
proved. Consolidated Gas of Bal.
timore showed up best with an
upturn of "a to 56A. Electric
Bond and Share edged up "
to 6A, and American Gas and
Electric was off /; at 1873. In
the senior list, Columbia Gas and
Electric preferred jumped ia
points to 5934.
Specialties were Spotty. Ma
tional Bellas Hess moved into the
limelight with the turnover of
an 8,800-share block at 2, off 1s
and duplicating the two-year low
for the stock.
Pioneer was in supply among
the metals, showing a loss of u
point at 9h. DistiIlers Seagrams
eased 1s to 1873 IN quiet alco,
hol list, while Atlas Corporation
dropped h to 81a among the in
vestment trusts Oils turned in
a mixed pe-fo- nance. Standard
Of Kentucky gained "a at 20,
and Standard Of Ohio was up h
at 14A. Cities Service marked
time at 13s. Bonds were irregu.
lar, with Puget Sound Power 4hs
sagging "a to 60h.
The Washington times., 1935-02-04
Standard Brands
1884 Net Lower

Standard Brands, Inc, and sub
Sidiaries report year 1894 net in.
come applicable to the parent
company of $13,878,021, equiva-
lent, after charges and preferred
dividends, to $1.06 a share on
II, 2,645, $3.50 shares of common stock
outstanding. This compares with
net of $15,045,795, or $1.15 a
share, on 1856, ,374 shares Of com.
mon stock outstanding the pre-.
viouS year.
The report includes operations
Of certain foreign subsidiaries for
periods ended october 81 and No
vember 80, 1898 and 1894.
For the last quarter of 1884,
net income applicable to the par.
ent company was $2,94o, ,457, or 20
cents a share, compared with
$4,632,1 ,148, or 46 cents a share in
the same period the previous year.
The Washington times., 1935-02-04
. iron AND STEEL
OUTPUT CLIMBS
High Low l:iI

Steelworks operations last weeI
rose 11a points to 5412 per cent
Of capacity, reflecting strong and
unusually diverse manufacturing
demands for iron and steel, thu
magazine Steel reports.
Moreover, pig iron production
during January showed an in
crease Of 1875 per cent. TherG
was a net gain Of 20 active blast
furnaces.
While iron and steel opera
tions were booming along at 9
brisk pace, thoughts of the stee
makers turned to second quarter
prices. which must be decided
upon by February 20. AS yet
little definite feeling on second
quarter prices has been en-
pressed.
SteelWorkS operations in thu
Pittsburgh district last week rosC
6 points to a. per cent: Chi
cago district, up Z points to 81
per cent; Eastern Pennsylvania
1R to 80 per cent: Buffalo, ]
to As per cent. and Birmingham
one-half point to 80 per cent
Detroit held at 100 per cent o.
capacity. Wheeling at 95, and
youngstown at "a. The Cleve
land rate was off / point to a
per cent, and N W England wal
down 16 points to So per cent
Pig iron production last month
averaged 47,627 gross tons daily
up 14,466 tons, and total output
was 448,4l8 tons. The months
output was the highest since las
The Washington times., 1935-02-04
Bush Terminal Co.
Plan Hit By Birrell

Lowell M. Birrell, attorney for
Irving Bush attacked the plan for
reorganization of the Bush Term.
inal Company, submitted by the
Bedford committee Of preferred
stockholders Of Bush Terminal
Building Company, a subsidiary.
At the same time the court was
requested to refer to a special
master, for immediate considera-
tion, the reorganization plan filed
by Mr.. Bush, founder and for
80 years president Of Bush Term.
inal. Judge Robert A. Inch, pre-
siding, stated he would refer the
whole matter Of reorganization to
a master.
The Washington times., 1935-02-04
CHANGE IN BANK
SYSTEM URGED

NEW YORK, Feb. 4.-specific
changes in the banking system Of
the country are recommended by
the committee on finance and
currency of the Chamber Of Com
merce Of the State Of New York
IN a report made public yesterday.
The committee, headed by Ed
win P. Maynard, urged creation
by Congress Of q commission to
study the whole banking and cur
cency problem and to prepare
legislation to establish a compre.
hensive system.
The report declares the United
States has neither a currency
system nor a banking system but
only a currency dictatorship
and a hybrid hotch-potch Of
relics" Of various old banking Sys-
TENS serving as a foundation for
the present emergency system.
Hits Reserve Control
The report, which is a reply to
a QUESTIONABLE from Senator Dun
can U. Fletcher, chairman Of the
United States Senate Committee
on Banking and Currency, urges
that the proposed congressional
commission be asked to deter
mine:
1. The exact form Of gold
standard to be adopted as best
suitable to present-day cOnd1-
tionS;
2. The proper ratio Of gold to
be established: and
3. What would constitute the
best uniform currency and upon
what terms and conditions 1t
should be issued.
The Federal Reserve Banks
ownership, the chamber stated,
should be transferred from com
mercial banks to the general pub
lie, limiting the amount held by
one owner, forbidding foreign
holdings and insuring protection
against proxy voting.
Asks Banking Reform
Stating that private banking is
in need of a "thorough-going re-
FORM" the chamber expressed the
following convictions in principle:
Unification Of the 40 banking
systems, requiring all CONNER.
cial banks to be members of
the Federal Reserve.
Regional branch banking con.
forming to trade areas CORE
spending to Federal Reserve
regions.
Statutory limit to ratio Of
aggregate liabilities to capital
resources in a commercial bank.
Commercial deposits and saw
ings deposits separated.
Commercial banks allowed to
do a trust business under
proper safeguards.
Commercial banks not al
lowed to distribute securities at
wholesale or retail but to under
write such new securities as the
law permits them to own.
Savings banks gradual Y mu-
tualized, to have branches with
in defined areas and under
some form Of Federal super
vision.
1t should not be possible for
everyone, irrespective Of quail.
ficatiOn or experience, to be-
come a bank officer, this
problem to be left to bankers
and not to Government.
The Washington times., 1935-02-04
Insurance Issues
Reach New Record

Insurance stocks in the New
York City market edged upward
moderately and again established
a new high during January, Holt,
Rose & Troster report.
After reaching the months low
Of 44.40 on January is, the
weighted average of 20 iSues rose
to the new high Of 45.11 on Janu.
ary Is. compared with 1884 high
of 44.64 on November 26, 1884.
The close on January -21 was
steady at 44.S7, a level still above
the former high in 1884.
The Washington times., 1935-02-04
Bond Trade Space
Is Being Enlarged

The trading floor of the New
York Curb Exchange Is being re-
arranged to take care Of expand.
ing business in bonds. Trading
in the new bond department will
begin officially about the middle
Of February.
The department will be three
times the size of the old one and
will occupy about 2,200 square
feet Of the trading floor. The
complete area Of the trading
floor is approximately 20,023
square feet.
The Washington times., 1935-02-04
COTTON GOODS

NEW YORK. Feb. G.N.s.).-The
coarse yarn cloths market followed
tanning an extremely quiet and steady
tone, postponement OF the gold clause
decision. adding further to the uncer-
tainties and unrest prevalent in goods
circles during the past few weeks. Trad
ers were still hopeful of better times in
the near future. however. citing the
consistency with which the vast ma
jority of selling houses resisted the very
low prices of last week and the fact
that prices had touched what in previ-
Gus dips proved to be resistance levels.
The Washington times., 1935-02-04
687 Listed Stocks
Lower Last Week

Index Of 687 stocks listed on
the New York Stock Exchange,
compiled by Hamershlag, Borg &
Co., showed an average price Of
$23.38 as of the close last Satur.
day, compared with an average
price Of $23.73 the previous week.
Index by groups, together with
the high and low prices for each
Of the last three years follows:
The Washington times., 1935-02-04
FEDERAL BONDS
UP IN MIXED
TRADING
BY SAUL LEHRER

NEW YORK, Feb. 4 0.N.S0.-A
mixed price trend characterized
dealings on the bond market
today.
United States Government bonds
were higher. Home Owners Loan
2As, Treasury 4Hs, Treasury IS
of 1948, and Treasury 3As Of 1941
registered small gains.
Rail liens were inclined to work
slightly lower. New Haven con-
vertibles were down and North
Western convertibles were off frac-
tionally.
High grade investments did
little at the start with most issues
holding unchanged.
Foreign governments were fea-
tureleSS,
The Washington times., 1935-02-04
NEW YORK WOOL

quiet; domestic fleece unwashed. Ohio
and Pennsylvania, 22929c: domestic
pulled. secured basis, 5o@75c; domestic
Texas, clean basis, 53@75c; domestic ter
ritory, clean basis, 55@77c.
The Washington times., 1935-02-04
NAVAL STORES

NEW YORK, Feb. 4 NN.sD.-Petro-
Ieum steady. crude Pennsylvania. $500
2.20. LinSeed oil. per pound. 9.1c car
lots. Turpentino steady, 65Kc. Rosin
steady, common $5.2S.
The Washington times., 1935-02-04
LIVESTOCK MARKETS
CLEVELAND

CLEVELAND, Ohio, Feb. QN.s.).
Hogs-Receipts, 1,400. Market active
and strong. Bulk of the good hogs. $s.35.
Cattle-Receipts 900. Action better
than Friday: most prices steady.
Calves-Receipts, $50. Market steady
with last weeks close; action fairly
good.
sheep-Receipts. 5000. Market slow,
mostly 25c lower; some bids, soc lower.
The Washington times., 1935-02-04
DIVIDEND ANNOUNCEMENTS

a
ESm CORPS dividend preferred applies to June M quar
l. semi
The Washington times., 1935-02-04
BUFFALO

BUFFALO. Feb. 4 GN.s).-Hogs-
Receipts. $500; holdovers. none: fairly
active, strong to mostly 1Oc over Fri
days averag e: desirable, 170@2S0
pounds, averaging 1S5-240 poun s.
$3.50; few with end of 15O-16O pounds
included. $3.50; rather plain. 16O-170
pounds, $8@S.25; better lots. 140-160
pounds. $7.75@s.25: pigs downward to
81 and below; packing sowA $7.25 @7.50.
Cattle-Receipts. 1850; steers and
yearlings unevenly strong to SOC higher.
largerly around Csc up: good to choice
yearlings, $1O.75@11.50: bulk medium to
good on short-fed order. $S5O@1O.
others, $7@S.25: fat cows. $5.3506; few
outstanding. 81; low-cutter and cutter.
$2.5004; medium bulls. $4.3504.75.
Calves--Recefpts. 500; vealers mostly
SOC lower. rather slow at decline; good
to choice. $10.50; common and medium,
$6@9.
Sheep-Receipts. 5000; lambs steady
to 15c lower: good to choice. $3.50 to
mainly $3.50; medium and mixed lots
SS5O@925; fat ewes, $5@5.50.
The Washington times., 1935-02-04
CHICAGO

CHICAGO, Feb. LN.s.).-Hog-
$4,000. Market, 5@1oc higher. Hold.
overs. 1000. Top. So; bulk. 17;4o@
$7.s5@s: lig'.t, S7.5O@7sO; light lights,
$7@7.5o; packing sows, $7.25@7.65;
uigs $5@7.
Cattie-15, 500. Market 2o@5oc lower.
Calves. $500; market steady. Beef
steers. good and choice, $10.50 @13.65:
common and medium. $s5o@1O.50;
yearlings. $10@13.50. Butcher cattle,
heifers. $5@11.5O; cows, $4@75O; bulls,
$4@6; calves, $4.S0@9.5O; feeder steers,
$50S.25; stocker steers, $50s; stocker
cows and heifers. $4@6.
Sheep, $4,000. Market steady. Lambs,
$s.25@e; common, $6@7: yearlinEs, $6
9s; feeders, &S@7; ewes, $s.6o@5.
The Washington times., 1935-02-04
PITTSBURGH

III 1SbU1GOd
PITTSBURGH. Feb. G.N.S).-Hogs
Hogs-1,5oo: 1oc higher on weights 1870
lbs; n, up: heayies. &s.to@8:sO; medium,
7.50: pigs, $3.50 down.
Cattle-soo; very slow: soc lower.
Steers (9o0-1 100 lbs.) good, S7@10:
heifers (S5o9S5O lbs1 good. $S@6.75;
calves-a5o; weak: vealers. good and
choice, $10@105O
sheep-2.0oO: 100 higher on best
lambs: lambs go lbs. DOWN. good and
choiee. $S.25 @9.35; yearling wethers,
good and choice. $5.So@5.75: aged weth-
ers, medium and good, s5@5.5O: ewes.
The Washington times., 1935-02-04
Local Stocks

AFTER CALL
Peoples Drug Stores pfd, 5@112;
1@111.
Potomac Electric so pfd, 40
Ill.
Capital Traction IS, $500@93.
The Coolidge examiner., 1935-04-05
.ENTERTAINS AT
BIRTHDAY PARTY

4 very pleasant evening was
spent by relatives and friends
I ursday evening at the home
Of y W Moxley in Coolidge. in
honor Of his anniver sary. 4
splendid social time was enioyed
by all present and may useful
and appropriate gifts were made
10 the ho 4 beautiful and
palatable cake was cut and
served to the guests
Those present were: Mrs.
Thos l.. Rogers and son. Wal
lace, Of Pnoenix; Mrs G W
Freelove, of Glendale: Tom
Moxley and family OF Coolidge
Ophelia Parker, Nj. and Mrs
Cosgrove and boys, and Mrs.
Hatley, Of Coolidge
The Coolidge examiner., 1935-04-05

Mrs + " Moxley and Mrs.
Morris Graham made a trip to
Phoenix Monday
Jack Roberts aud Alancil
W rlcy visited the rodoe at
Chandler Saturday
Cooley Braker Is here from
Fl Dorado. Okla, visiting with
his sister. Mrs. Hermon Myers
Sam Blackwell. Coolidge. Is
serving as bailifi for the su-
perlcr court IN Florence this
week.
Miss Gertrude Tonkin, case
worker for the 4. +. K A. il,
loQklpg over relief applications
10 { oolidge this week.
J - Westerfield. who rrrived
recently from Houston Texas,
has accepted q position with the
Coolidge Drug Company
Arnold Navziger has been ap
pointed trustee Of the kenll-
worth school. TO oil the vacancy
Of Horace Humphrics deceased
4 G Brown. Of the Pas n
Take II market, msdc TIP 20
Phoenix Monday NJ NJ
Knox was market man IN his
stead while absent.
Tom r. Hall was the holder
OF [ lucky ticket IN Tom
MoNley's SUIT drawing Saturday
uight and secured fine tailor
made suit for 81 50
Rev Oscar Hudson, district
superintendent OF the Church
OF the Nazarene in Arizona
wlll open a revival service in a
big tent on Main street at 800
o'clock . m Sunday, April :
H. Will be assisted by hts wife
Mrs Nettie Hudson, " 40 Is AZ
Interesting pulpit orator. Thu
is rare treat for the people o
Coolidge to hear these notes
Christian workers, and every
b dy Is urged 20 attend Ser
vlcrs each evening. beginning
at 7.30.
The Coolidge examiner., 1935-04-05
WE HANDLE OUR OWN

Last week very nice gentle
man called at our office and put up
a proposition to US to start a sub
scription contest < wing a prize OF a
car. cash or something to the win
ner and pay him. the promoter. a
nice commission. OF course. this not
new 10 you
Well. we may not handle it so
gracefully. but had already lined
up one Of our own and subscriptions
coming in on H. In this we are
offering the subscriber the ad-
vantage OF a substantial saving on
what he gets wh ch is a business
proposition. See our offer in this
issue.
The Coolidge Boy Scouts will be
our representatives in this cam
paign BY taking advantage OF this
offer you not only save money but
hep the boys TO be represented at
the Jam-bo-ree.
The Coolidge examiner., 1935-04-05
SENIOR CLASS
TO GIVE PARTY

The seniors are entertaining the
school for the last time. by giving a
party. Nnsic will be furnished by
Tempe College orchestra and other
entertainment will be provided for
the persons who do not choose to
dance. The date ha. not been de6n-
itely set as yet. The following per.
sons ore serving on committee
ACKNOWLEDGEMENTS Bugg.
Gninala Robinson. Jewel Reed
"yly Parsons and Ian Hamilton
Mnsic--Helen Brown. Helen wor.
chester and Lillian Wootan.
Enterta.nnent---Je.sl. lie. Mar
tha Jones and Geraldine Hess
Clean Up--Pete Contreras Max
Marta. John Marten and Oscar
Bu .hanan.
Decoration William Uavanl.
Anne Lee Narall and Wendler
Skrla.
The Coolidge examiner., 1935-04-05
UNIVERSITY MEMS CLEE
CLUB TO APPEAR

The annual concert Of the Unlyer
sity Of Arizona for the Florence
High Schooi and general public will
be given MAY the third; AZ 10 o. clock,
IN the Florence High School auditor.
ium. The school is looking forward
TO this event because both the
Womans and Mems Glee Club have
heretofore given us very enjoyable
concerts. There is no admission
charges. and the public is invit ed to
attend.
The Coolidge examiner., 1935-04-05
NEGRO KNIFE SLAYER
GETS LIFE

l.. I Washington, negro con-
ylct al the state prison wa.
convicted OF hr-t degree mur
der IA the superior court al
Florence this week. he was
convicted for killing Clemmie
Brown. another negro convict
IN prison, IN February. The
jury recommended life in the
state prison where he is now
serving a sentence for burglary
The Coolidge examiner., 1935-04-05

Mrs ; & Burt returnc'
Monday fcm Pueblo, Colo,
whore her mother has been ser
Iously H. She reports her
mother IN fair way OF recovery
The Coolidge examiner., 1935-04-05

The Boy Scouts are striving hard
for representation at the Jam-bo-ree.
II means a great deal to them: help
them over.
The Coolidge examiner., 1935-04-05
OUR WEEKLY ROUNDUP

Drsr, Bridge April 26th.
Mr.. and Mrs. r. }. Jones mo-
tored 10 PhoeriS Tues day.
Mr.. ard Airs. J A. McLauren
made trip to Globe Sunday
Loans on Crops and Live
Stodk. Hobby Agency. 800
b. G. LetErpg is a Coolidge
representative on the petit jur,
90 Florcuc, this week.
Mr. and Mrs. f. l. Martin
left Tuesday for a months ~
cation At Aqua Calientf
springs
Mr.. and Mrs. Fr, d Slater and
MIR and Mr. II. G. Sufiar
were visitors At the Arborrtum
Suudsy.
NJ. J. Reed returned the first
oi thc week from u visit W q
h,- daughter. Mrs. Thornton, in
~ eunix.
Billy knight, live stock in
spcctor spent several days
around Coolidge this week look
ing after his duties.
DR.. jackson and ". G.
kaichcrsid II ade a trip to Flor.
encc Tuesday IN the interest oi
the Coolidge high school project
Frark Tauson has received
information from his sisters IN
Stockholm. Sweden. announc
ing The illness Of his mother ai
her home there.
Mrs. r. Murphy Is ass sting
the office force at the Davis
Hardware this week. Mr.. and
Mrs Murphy have jus, moved
back to Coolidge from Tucson
The Standard Oil Compan,
have their tanks placed, ware.
house ready for business ant
garage nearing completion
They are completing their NOV,
from Florence and will use Cool
idEe a. their headquarters 70
this section.
4 verv pretty party was giveI
Tuesday NJ, ht at the home a
Mrs. X. W Chadbourne ii
honor of the lith anniverssr'
OF her daughter. Susan. Quit
a number OF friends were in at
tendance and spent a most en-
loyable evening.
The Wednesday bridge clu
met with Mrs. J. j. Butterfiel
this week. having ( rec table
IN the play. The guest priz
went to Mrs X. Palmer. Mr..
7. W. Hamilton securing III
club prize. Delicious refresh
meuts Of fruit salad. cake an
coffee were served At the end q
the game.
William Novels. Chevrole
agent for this territory, spen
some time in Coolidge thi
week looking after work on hi
new sales room and gsrag
building IN Coolidge. Nh
Novels expects the building 4
be ready for occupancy within
the next week.
Dairy Inspector Black, O
Phoenix. was in the Coolidg
district the FIRST of the weel
looking after milk produced TO
the market He was very hipl
IN has praise OF the Nichols anc
Knox dsiries ard compliments,
them very highly To US for II,
way IN which they compiled
tn the sanitsry requirements o
the state.
Don't forr ct that the adver
tlserS IN this paper sre peopl,
who spend their money Will
people that give you Jobs; their
money goes to people who pat.
ronlze you their money and
The Coolidge examiner., 1935-04-05

Don't over ook the advantage Of
Tered by our special subscription
offer and get in on it while il
lasts.