davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1935-03-13
FEDERAL TRADE
TO CONDUCT
INQUIRY
Sen. Norris Resolution Passed
Unanimously; House Greets
Presidents DenunciatiOn
International News Service

International News Service
The Senate today adopted
unanimously a resolution by Sena-
tor Norris (R) of Nebraska, di-
recting the Federal Trade Com
mission to investigate the flood Of
propaganda against proposed hold
ing company legislation in Con-
greSS.
Senator Norris sponsored the
resolution because Congress has
been inundated with protests, OBJ
viously inspired by holding COM
panies.
President Roosevelt roumdly
scored the propaganda yesterday
in his message to Congress, assert
ing it was being paid for with in
vestors' money.
Drastic revision Of the Ray
burn bill abolishing holding COM
panies was forecast today.
While House sponsors OF the
bill were jubilant over the Presi-
dents declaration that it would
not destroy legitimate business,
a non-partisan group within the
Interstate Commerce Committee
renewed its attack on the pro-
posed legislation.
Disputes President
Taking issue with the Presi.
dents claim that the bill was
drafted under direction Of con-
CreSsional leaders. Representative
Cooper (R.) Of Ohio charged the
major portion was written by
Benjamin Cohen, associate gen.
eral counsel Of the PWA. He
asserted:
"The proposal to abolish pub
lie utility holding companies
by 1910 was sent to Congress
by General Cohen and House
and Senate leaders had no part
in the drafting. The rest Of
it was prepared by the Federal
Power Commission"
Representative Cooper con-
tended the bill, in its present
form, would lead to public owner
ship Of water, gas and electric
utilities.
Defending the flood Of propa-
ganda against the measure that
is deluging House members. Rep
resentative Cooper rebuked the
President for criticizing the "legal
efforts Of American citizens to
petition Congress. and said:
ellis criticism does mot come
with good grace"
HEALY'S PROPOSAL
Committee opponents Of the
bill may accept the proposal OF
Robert Healy, of the Securities
Exchange Commission, which
would permit public utility hold.
ing companies to continue in oper-
alton after 1910 if the commits
sion felt the public interest JUS
titled it.
Mr.. Healy offered this pro.
posal as a compromise to allevi'
ate increasing committee opposi'
tion to fortnight dissolution Of
these companies within five years
Proponents Of the bill will con-
clude their arguments before the
committee this week. Nearly 20
holding company representatives
have signified their intention to
appear in opposition.
The Washington times., 1935-03-13
Lawyer Fined $33
For 10 Violations

T. H. Minovitz, local attorney
with offices in the 1900 block
of G st. N. w., was fined a total
Of $33 in Traffic Court today by
Judge Gus A. Schuldt on 10
charges of violating the parking
regulations.
The court took his personal
bond on an eleventh charge.
Police stated that the charges
against the lawyer dated back
almost a year.
The Washington times., 1935-03-13
WILL GET
CENSUS JOBS
(Continued From Page ~

(continued From Page ~
that the task will take from six
months to a year and a half.
The Census was undertaken in
an effort to determine as accu-
tately as possible the growth OF
the "back to the farm" move
ment in this country. From pre-
liminary tabulations on 288 coun-
ties out Of the 3,071 counties in
the country, it seems that the
movement is well under way, and
bureau officials believe that this
trend will be supported in the
reports covering the approx
mately 80 per cent of the counties
now being received.
In the 289 counties studied
there were 414,613 farms at the
end of 1884, an increase of more
than Z per cent over the number
shown in the 1880 census. The
Bureau defines farm as an es-
tablishment three or more acres
in extent or, if less than three
acres, one which produced more
than $3.50 in agricultural produce
during the calendar year 1884.
Result of Slump
Census experts ascribe the ap-
parent reversion to farm life as
primarily a result of the business
depression. Led on by higher
wages in urban centerS, the
younger generation began its trek
to the cities soon after the war.
The process is being reversed now,
with the comparative assurance of
bucolic well-being as the beacon.
BY no means unimportant in
this development, however, is the
road improvement in country dis
tricts, it is pointed out. This, with
increased availability Of motor
transportation, has served to
stimulate urban appreciation Of
country life,
The Washington times., 1935-03-13
LOO Go on Strike
At Firearms Plant

HARTFORD, Conn.,, March 13
G.N.SO.-Seventeen hundred en-
ployes of the Colts Patent Fire
Arms Plant went on strike here
today in protest against the COM
pany'S alleged failure to comply
with Section IA of the National
Industrial Recovery Act as ordered
recently by the National Labor Re-
lationS Board. There was no dis
order as employees left the plant.
The Washington times., 1935-03-13
Opening Of Express
Bus Line Delayed

Postponement of the inaugura-
ton of the express bus service
from the Takoma Park area to
the downtown section via Thir-
teenth Street, to April Is, was
ordered today by the Public Utili-
ties Commission.
The nonstop schedule was
originally slated to begin on Fri.
day, but the manufacturers of
the vehicles to be used held up
delivery.
The Washington times., 1935-03-13
Hunt Chase Won
By Whitney Horse

CHELTENHAM, England, Mar.
13 Q.N.SO An American entry,
j. H. CJock) Whitney's Rod and
Gun, today won the $4,000 ma
tional hunt chase. There were
20 runners, and the winner paid
100 to 8. Whitney was here to
witness his victory.
The Washington times., 1935-03-13
Virginian Cleared
In Canada Fatality

CORNWALL, Ontario, March 13
Q.N.S0 0.-LeSlie C. Langley, Of
Norfolk, Va, was acquitted yester-
day on a charge of manslaughter
arising from a motor accident
near here last November in which
Frank Overton. of Norfolk, was
killed. Elwin Burns, also of Nor
folk, was fatally injured. and
three other persons, including
Langley, seriously injured.
The Washington times., 1935-03-13
Today in
Congress
SENATE

SENATE
Convened at noon to consider
a bill amending the AAA act and
other bills on the calendar.
Committee
200 P.M.-Finance Committee.
Executive session to consider the
pink Slip" repeal measure.
HOUSE
Convened at noon to consider
a deficiency bill.
1880 P.M.-House District sub
committee crime hearing.
The Washington times., 1935-03-13
Navy Lays Keel
OF New Cruiser

NEW YORK, March IL GN.S.)
Keel of the 10,000-ton treaty
cruiser brooklyn" was laid at
the Brooklyn Navy yard yesterday
before a distinguished audience.
The cruiser, expected to be ready
for commission within SO months,
will be 600 feet long, so feet in
beam and will cost about SIS,
100000,
The Washington times., 1935-03-13
Teresa Alexander
Speaks at CardOZO

Mrs. Teresa C. Alexander, co.
ordinator of guidance in the Dis
trict public schools, was guest
speaker at the vocational guidance
assembly at Cardozo High School
today. Musical selections were
given by the Boys Glee Club under
the direction of Mrs. v. P. Sears.
Miss L. F.. Johnson, sponsor Of
the guidance activities, presided.
The Washington times., 1935-03-13
TREASURY CONDITION

International News Service
Treasury balance as Of March
II, $2,038, ,652, ,563. .66; Internal Rev.
enue, $9,354,022.57: Custom Re.
ceiptS, $11, ,489, ,290.34.
The Washington times., 1935-03-13
ITALY
Universal Service Special Cable

Universal Service Special Cable
ROME, March 13.-PersiStent
reports that 20 armed foreigners
were arrested in the last week
on suspicion of plotting against
Premier MuSsolini have been de
MED by government officials and
police.
Nevertheless, the two-mile route
the Premier takes from his home
to office has been changed. The
route is lined with plainclothes.
men and pedestrians and auto.
mobiles are carefully scrutinized.
These measures were described as
purely precautionary"
Officials blamed foreign trou.
blemakers for the rumors, but
they acknowledged the recent ar.
rest of a traveller carrying a
pistol.
Detectives frequently halt for,
eigners and italians on the
streets and demand their docu.
ments. Officially it was ex.
planned:
"The police must be looking
for some one"
The Washington times., 1935-03-13
SENATE ORDERS HOLDING COMPANY PROPAGANDA PROB
World News
GERMANY

BERLIN, March 13.-GermanyI
air force, reported by some Euro
pean experts to be the most
powerful in Europe outside Of
Russia, will emerge from the veil
of secrecy and be given an open
official status April /.
This news, Universal Service
understood today, has been com
municated to the British and
Italian air attaches in Berlin by
Gen. Hermann Wilhelm Goering,
Minister of Air.
The Washington times., 1935-03-13
NORWAY

OSLO, Norway, March 13 (U.sJ
A hitherto unknown land was
added to the worlds map yester,
day. The Norwegian trawler
Thoragavn discovered the new land
and hoisted the Norwegian flag tc
claim it for Norway. It is be.
lieved to be the long sought link
between King Leopold Land, Queen
Astrid Land and Lars Christen.
sens Land.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
BUSINESS HOLDS
h. AT STEADY LEVELS
DESPITE SEASON

> (continued From First Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23

and to translate idle hours and empty
pocketbooks into specified number
of work days a week and the means
to purchase essential goods. The
present high-water mark in excess
reserves Of the banks has been reached
primarily from the new inflow of gold
that made the months of April and
May so conspicuous in international
currency affairs and, at the same
time, lifted the monetary gold stocks
Of this country above $4,000, 000, 900.
Excess reserves Of the banks are,
secondarily, being expanded by the
liquidation that goes on from month
to month in bank loans. This weeks
statement of the member banks in
the Federal Reserve System shows
loans on securities of 5000, 0O0, 900.
This is decrease of $516,0OO,O00 in
the last year. 1t is about a 40 per
cent drop from the December, 1882,
figure.
Real estate loans by banks are now
$3.50, 1000, 900, against $685., O00, 900 in
1882, a deflation in this item of more
than two-thirds. 1t suggests the de-
gree to which the portfolios of the
member banks have been stripped of
what was once looked upon as prime
collateral; also their present ability
to help in resurrecting an industry
that is in need Of credit and of care
full nursing back to recovery.
SCopyright. 1885. by the North American
Newspaper Alliance. Inc.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
LATE RALLY HELPS
CORPORATE BONDS
Rails and Utilities Forge
Still Higher-FederaI Is
sues Are Quiet.
NJ the Associated Press.

ny the Associated Press.
NEW YORK, June ga rally in
the last 10 minutes of trading kept
corporate bond market prices pointed
upward in today's brief session.
United States Governments were quiet
but steady.
After drifting idly about during most
Of the session buying movement got
under way among rails and utilities
In the closing minutes that crowded
the ticker much the same as during
Thursdays large turnover, and it was
several minutes after the closing gong
had sounded before final quotations
were printed. Gains of major frac-
tons to around 2 points were literally
scattered among Junior obligations.
1ndustrials also went forward for
good advances, with amusement and
secondary oil bonds in the lead.
The Associated Press average of 10
utilities got into new high 1885 ter
fitory for the fourth consecutive day
at 95.2, up OF of point on balance, and
the averages for all other domestic
groups were OIL to OF of point high
er. Transfers aggregated $780, 900,
par value, compared with $6,034,000
last Saturday.
Especially bright performers in
cluded American & Foreign Power IS,
up as points at IFS; Baltimore &
Ohio 412s, up y at SIS; International
Telephone 41as. up "a at 1914; Katy
IS, up at 70; New York Central SIS
Of 2013, up IL at 6912; Paramount
Famous Players IS, up l at 961a !;
Postal Telegraph SIS, up l at 30& !;
Utility Power g. Light SIS, up at 46,
and Richf1eld Oil IS, up l at "a.
United States Government bonds
were neglected by the general run of
traders, and a major portion of the
turnover of only $260,0O0 represented
week end adjustments of accounts.
Final prices ranged between losses of
2-32ds to advances of 5-32ds.
Foreign bonds pursued no definite
course Further improvement was
shown by Toxic Electric Power rs and
Dawes rs, while losses occurred in
Uruguay IS and Argentine IS.
Total sales of bonds on the Ex-
change during the current week ag-
gregated $79,873,000, par value, COM
pared with $66,404,000 in the pre-
ceding week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
INVESTMENT TRUSTS

NEW YORK. June 90 R.-New York
Security Dealers Association:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md. June 22.-The
live poultry market rules easy and
values on all lines show q decline
from last week, due principally to
liberal receipts from all sections as
well as the shipment of considerable
poor, light fowl, which has had a
tendency to lower the value Of the
better quality Of stock.
Demand continues fairly good, but
centers mostly Gu large, fat stock,
with broilers weighing around 2
pounds in best demand. Rocks con-
tinue to bring top values at ~ to IS
cents a pound, with mixed coloreds
selling mostly 20 to IS and Leghorns
IA to II.
Old hens are bringing IS to 20, but
Leghorns, unless large and fat, are
neglected and will not bring over IA
to Is. Old BOOSTERS unchanged from
last week at IL to IA. Young ducks,
pounds and over, in fairly good
demand at IS TO 10, but smaller stock
hard to place even at discounts.
Egg Market Narrow.
With the exception Of large hennery
whites, which show a slight advance,
the egg market SHOWS little change
from last week, and under q good de-
mand from the packers, as well as
conSumptive trade, values are well
maintained at the following quota
tons:
Large hennery whites, a and IS
cents dozen, and medium sized as
well as current receipts, % and 231a.
Most Of the sales on the exchange,
however, are being made on . basis
of 1914 for current receipts.
The white potato market holds gen.
orally steady, with demand centered
principally on new stock at Its to
200 for No. l Cobblers, and poorer,
ungraded stock selling mostly $50 to
1.65. Old potatoes are bringing so to
so per 100-pound sack, with mixed
ungraded stock selling mostly 40 and
Is. Sweet potatoes show a slight de-
cline at 1.25 to lao per bushel, but
mixed ungraded will not bring over
100 to lis.
Demand for native and nearby gar
den truck continues good and values
are fairly well maintained at the fol-
lowing quotations:
Asparagus, 100 to 2.25 dozen; string
less beans, so to rs bushel, but Boun-
tifuls will not bring over rs to 40;
beets, Its to 200 hundred; cabbage,
rs to 80 hamper; lettuce, IS to so
basket; onions, IS to rs hamper; peas,
so to 100 bushel; spinach, is to 40
bushel, and squash, 40 and so hamper.
Live Stock Prices Steady.
The live stock market at the
wharves holds generally steady under
good demand, but centered on first
quality stock. ALI common inbetween
kinds move slow at inside prices.
Quotations today at Light Street
Wharf:
Beef cattle, first quality, pound, 8
to 10; common to medium, 51s to S1a:
bulls. as to quality, 81 to 61z; cows,
choice to fancy, 575 to 61a; common
to fair, 81 to 5A.
Calves, medium TO good, 61z to 71z;
common, AZ to 51s.
Sheep, ~ to az; Spring lambs,
good to choice, T1s to 81; common to
medium, 51z to w; Fall lambs, 81
to 61z.
Hogs, good to choice, s1k to 1917:
sows. 6 to 8; pigs, 81 to 101s.
Closing grain quotations: Wheat.
No. 2, red Winter, garlicky, spot do
nestle, 80; June delivery, 50. Corn.
No. 2, yellow, domestic, "a. Cob corn
nominal. Oats, No. 2, white, domes-
tic, as to weight and location, 55a6o:
No. 8. 54a5s. Rye. nearby, No. 2, rs.
Barley, 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23

forms of manufactured recovery. In
dustry is carrying out the natural law
of imperative replenishment, after
years of semi-starved condition Of a
people with respect to essential goods.
Three years ago this month indus
trial production was OF so per cent
from the flve-year average Of 1926
1929. 1t is now only is per cent I'M
der that average. Factory employ
ment is down 20 per cent and factory
pay rolls 80 per cent. Freight car
loadings, on the other hand, are 40
per cent below the top average and
building construction down almost 30
per cent. But, even if individual in
comes from wages, services or pro-
LESSONS are IS to so per cent less than
before the depression, If industrial
profits are insufficient to pay divi-
dends and require the scaling of in
terest on corporation bonds and real
estate mortgages, and If banking re-
turns are nsiderable-though de-
positors are assured of their deposits
the important thing Is that there are
nearly 100000 900 requiring some de-
gree Of Federal or community relief.
The big problem is to provide this
relief quickly and efficiently. The
present writer does not believe that
those receiving relief relish this form
of livelihood or prefer it to those oc-
equations in which they are trained.
But that there is "a road to destitu-
ton" which is being Travelled each
year by more millions, as employment
fades from them, is one of the patent
facts in our national life. Whatever
effort is made to correct this trend is
worth its cost.
We spent more than score OF BILL
lions of dollars between 1917 and 1919
for the purpose of killing some 10
million men and manning as many
more. Then why is it such a crime
to try to save the bodies and souls OF
20 ,000, 900 at the expenditure of less
than half the sum of money so freely
contributed by the United States to
defray its portion of the wars waste?
Treasury Position Stronger.
The second half of the fiscal year
1934-1935 will end with almost no
increase in the Government debt. At
the close of December, 1894, this was
approximately 28,500, 100000. It is
now $28, 70O,000,000. In this six
month period more has been written
and spoken about the threat of credit
imitation by the Treasury policy OF
forcing out larger amounts Of Gov
ernment paper than in any similar
time since 1898. AS matter Of fact,
the Treasury position is stronger now
than it was a half year ago, because
of the refunding Of the Liberty bonds
and the retirement Of other bonds
and notes and their replacement with
issues carrying lower rate Of in
terest.
The slow pace at which the Gov
eminent debt grows is possibly the
chief cause of business stagnation,
for if the relief program is to be eff
fective 1t must begin soon to move
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23

nounced. Washington retail trade
continued satisfactory, while Balti-
more and Richmond increased slight
". Baltimore and Charlotte bank
debts gained over 1894; Richmond
fell short.
ATLANTA.-Sixth district retail
trade was quiet with rally in the
closing days of the week. Bank
clearings gained. Some districts re-
ported a revival in real estate bust
ness. Birmingham steel production
was about unchanged.
CHICAGO Retailers complained Of
weather, Three days of rain did not aid
sale. volume. but good customer de-
was said to be satisfactory. giyer regis
expectations. Packing opeE atoms showed
low Ait Normal. Nav Building was below
April. but above 1884.
ST. LoUIs-Wholesale and retail trade
and cool weather. Summer sales were low.
N. n. A. uncertainties and Door crop
Ing is retarded and Winter wheat lacks
sunshine moderate improvement was
shown in rural and urban real estate.
MrNNEAPoLIsz7Cool moist weather
but other lines in the ninth district Inn
proved crop outlook Sales Of furniture
and household furnishings were % to 80
KANSAS CTTY-Retail trade in the
tenth district was ahead OF. 1884. but
under the previous week. Unit sales were
sale trade was definitely up with imple-
ments leading the rise. The N. r. A.
collapse was held deterrent In some
RALLAs.--The outlook for cotton and
most other crops were less bright in the
southwest Texas because Of unseasonahly
heavy rains. .
SAN FRANCTSCo.-Pacific Coast retail
trade was reported strong and wholesale
markets were particularly active in home
wares, shoes. druEs and auto accessories;
Stimulating trade. Lumber and export
lines were hindered by labor difficulties.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
Chemical Prices
Follow Irregular
Course i'm Week
Special Dispatch to The star

NEW YORK, June 22.-Revisions
of prices in the markets for heavy
and fine chemicals moved quotations
in both directions last week. the Oil
Paint and Drug Reporter will say in
its June "a issue. The downward
trend was slightly the more pro-
nounced. Business continued quiet
because there was no change In the
prevailing sentiment. Seasonal in
fluences became bit stronger.
Advances were made In prices on
boric acid, borax. tar-acid oils, Sing
apore dammar and East Indian and
Heroe copals. Reductions affected
calcined carbonate Of potash, Sulphate
of ammonia, casein, menthol. agar
agar, superflne shellac, imported dried
blood, Japanese sardine meal, bone
meal, tankage and imported castor
pcmace.
The Reporters composite index
number of prices for heavy and fine
chemicals was slightly lowered, to
1860 from 1861 compared with
August 1, 1914, as 1000. In compari-
son with average prices in 1926 Gas
1907, the Reporters index number is
now 1872, against 89.5 at this time
last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
TAX PLANS PROVE
TEMPORARY CHECK
ON STOCK MARKET

CONTINUED From First Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
CORPORATION EARNINGS.

NEW YORK, June 20 R.-Corporate
earning statements issued last week. show
ing results on per share basis included:
Year Ended February "a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
U. s. TREASURY NOTES.

NEW YORK, June % R).-Prices quoted
in dollars and thirty-seconds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
BRITISH HOPEFUL
AS TRADE ACTIVITY
CONTINUES TO RISE

CONTINUED From First Page)
generally expected, it is likely that
there will be another crisis in the
Fall.
1T is expected that the Bank OF
France will probably not reduce its
discount rate from the present emer-
gency high of per cent for another
two weeks"
Reich Exports Still Sag.
BERL1N.-"There is little optimism
among Berlin business men this week.
Most disturbing factor is the collec-
ton of the first installment on the
Contribution to the export subsidy
fund. Exports are still declining, but
the forced contraction of imports has
made possible a favorable trade bal
ance for May. For the first five
months CT the year, however, imports
are far greater than exports. It is
likely that interest payments, even
to the preferred European creditors,
are likely to be cut before the end
Of the year."
Freight Problem Acute.
MOSCOW. - Transportation re-
mains Russia's greatest stumbling
block. Railroads have consistently
failed to carry the burdens imposed
on them by Russia's new industries.
Soviet officials decreed this week
that freight is to be given preference
over passenger traffic for the imme-
diate future, and until perishable
goods can be transported to markets
or to refrigerated warehouses, or ade-
quate quantities of raw materials can
be supplied to industries.
There is a new drive to build au-
tomobile roads in the more populouS
regions Of European Russia. and to
get a quick supply of trucks and
buses. A delegation IS already on
the way to the United States to study
methods Of road construction and the
handling of automobile traffic"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
INSURANCE STOCKS

NEW YORK. June 90 Op.-New York
security Dealers Association:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23
Pa TX Zenith Radio. .....
Al PSI Zonite Products.

Dividend rates given in the table
cash payments based the latest hayeary
declarations.
sUnit Of trading less than 100 tAnnual
extra. Accumulated dividends aPaid year
accompanies reported in rceverhp being
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-23

IContinued From First Page.)