davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
BY ELMER G. WALZER
limited press Financial Editor


New York, July 1-(UP)-Pre-
holiday lethargy on the stock mar
ket today was accentuated by
cautiousness of traders awaiting
outcome Of the utility holding COM
pany bill in the house.
The markets tone was firm from
the outset and gains of fractions TO
more than point were recorded
in all divisions. The lethargy ex-
tended to the band markets and all
commodity markets save grain,
which continued vigorous as black
rust damage in the west attracted
buying in wheat on all markets
with Chicago deliveries l 7-S TO
more than 2 cents bushel higher.
Radio Corporation was the most
active issue, running into proft-
taking after its recent advance. IL
was off fractionally at with
blocks up to $500 shares coming
out. westinghouse led the indus
trial section and climbed more
than a point to a new 1884 high OF
SAN. u. s. Steel, General Motors,
Chrysler were fractionally higher
Rails made a mild rallying attempt
in the first hour but made little
Roadway. American Telephone was
the utility leader with more than
point gain above 1876.
Motor equipment shares were
strong, accompanying reports that
July motor car production Will be
well above the July, 1894, lever.
Eaton Manufacturing at 21A ana
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
PIERRE LAVAL'S
DAUGHTER WILL
WED in AUGUST
Count Rene De Chambrun
Prospective Groom; De-
cendant of Lafayette

Paris, July 1, (UP)-Vivacious
Jose Laval, daughter of Premier
Pierre Laval, will be married in
mid August to Count Rene De
Chambrun, descendant of LaFay-
cite, whom she met on the plat
form of the. Pennsylvania railway
station in New York in 1881.
The engagement was announced
yesterday at bachelor dinner at
the home of the counts parents,
Gen. Count Adelbert De Chambrun
and the Coustess Clara Longworth
De Chambrun formerly of Cincin-
natl.
Premier Laval is expected to
perform the civil marriage cere-
mony in his capacity of mayor of
the Paris suburb of Aubervilliers.
Then there will be a church cere-
mony and a honeymoon in the
United States.
Met in United States
Mile. Laval is 20 and Count De
Chambrun is %. They met when
Mile. Laval went to the United
States with her father, who visited
President Hoover to talk repara-
tions. The count, scion of distin-
guished French and American fam
lilies, was a graduate law student,
completing his studies with the
New York law firm Of Davis, Polk,
Wardwell, Gardiner and Reed, be-
fore taking the New York bar
examination. The romance which
began with the railway platform
meeting was continued when the
count returned to Paris year ago
to open law offices here. They
spent much time golfing together
at the st. Cloud country club. Both
are popular with the smartest
young Paris set.
She Is Law Student
Mile. Laval is third year law
student at the Paris Law univer-
sity. She intends to graduate, in
order to help her future husband
The count is of the fifth generation
in descent from LaFayette's young
| est daughter Virginie. By virtue OF
his descent he is a citizen of the
United States as well as France
Lafayette was granted American
citizenship after the revolution, and
his citizenship was extended to al
his descendants. His mother Is q
sister of the late Speaker Nicholas
Longworth of the house OF repre-
sentatives. 1t is likely that her SIS
ter-in-law, Alice Roosevelt Long
worth will attend the wedding.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
TWO KILLED In
CONN. WEEK END

Hartford, Conn, July 1-(UP)-
A youth was drowned, another
killed by an automobile and the
bodies of two missing persons were
recovered from the Connecticut
river over the weekend. Walter
Lynch, 2S, New York city negro,
was drowned while swimming in
Norwalk harbor. He had been Wis
iting friends over the holiday. An
thony Verrilli, 6. was crushed to
death beneath the wheels of an
all truck at Bridgeport when he
darted into the roadway. The
driver. Michael Capuzziello. IS,
Bridgeport, was held for the coro-
ner.
Two canoeists came upon the
body of Anthony Ross, AS, Sripg-
field, Mass, floating in Connecticut
river. He had been sought since
June22 when he was reported to
have jumped into the river from
bridge at Springfield. Two
daughters identified the body. The
body of Jerome Bresman. 21.
Hartford, who lost his life at Wind
sor while attempting to swim the
width of Connecticut river, was
recovered Sunday.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
COURT OFFICERS
GET COURT 0ATHS

Naugatuck, July Judge JOS
eph E. Talbot presided for the
first time in borough, court today.
The judge swore in the new court
officers, all republicans. These are
Mrs. Edna Fenniman, probation Of
ficer; Atty. James p. Sweeney.
prosecuting attorney; John J. Suth-
erland, clerk Of the court. They
were indicted into office in the
above order.
Two cases came up for DISPOSE
ton and were soon quickly hand
led. Swan Carlson, As, of 1873
Baldwin street, Waterbury was
fined 500 and costs of 1851 on
a charge of operating a motor We
hicle while under the influence of
liquor and. $40 on charge of
operating without drivers license.
The accused pleaded guilty to both
counts. Judge Talbot gave him his
choice of serving 80 days in New
Haven Jail or paying the minimum
fine of 500 for drunken driving.
Carlson chose the latter. He was
arrested at 1880 Saturday night
by Chief of Police John Adamson.
The case of Eager Anderson, ~
years old, Cliff street was nolled
on payment of So. He was charged
with intoxication. Former Proba-
ton Officer William Nixon recon-
mended the case of Frank Iorio of
Waterbury be reopened and bal
ance of fine and costs rcmitted.
@-f~ nSer
and accused of tampering with an
auto. He was fined $23.40 and
Saturday night all but $4.23 of this
was paid. Judge Talbot complied
with the recommendation. The new
Judge was sworn in Saturday by
former Judge Claremont !. Tolles.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
PRESIDENT ENDS
STRIKE THREAT

Washington, July 1.-UP).-
With threat of an immediate
strike of 100000 soft coal miners
lifted, the joint wage conference
OF miners and operators marked
time today while congress rushed
action on the Guffey coal bill. The
miners will continue at work under
a 30-day "armistice" agreed to at
a Saturday night conference be-
tween Representatives of operators,
miners and Secretary of Labor
Frances Perkins. A previous extern
sion expired at midnight last night.
John l.. Lewis. president of the
United Mine Workers, said in agree
ing to the extension that he was
doing so in Difference to President
Roosevelt's w h S. Operators,
though not bound by the agree
ment, were expected to abide by
it generally.
Duncan Kennedy, chairman of
the operators committee, said he
believed operators would adhere to
the agreement. The. operators pre-
viously had proposed nine
months extension of wage and hour
contracts which expired last April
!, and have been thrice extended.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
FRENCHMAN WINS
BEER DRINKING

Milwaukee, July 1.-(UP).-
Floyd Verette, a hulking French
bartender, didn't collect his $40
pounds by sliding stems of beer
down o mahogany bar-he got
them sliding stein after stein down
his own gullet. He proved 1t sun
day by gulping down half gal
lon of foaming brew in "a seconds
to win the Wisconsin beer drink
ing contest against the best Ger
man beer drinkers this sections has
to offer.
Twelve thousand spectators, most
of them Germans who can spot a
dyed in -the-yeast beer drinker a
mile away, saw Floyd outdrink IL
other fnalists in contest spon-
sored by the Fond Du Lac Avenue
Advance ment association. II might
have done better If had been in
training" the champion said
modestly. Whitley Berghausen, an
athletic trainer and former boxer,
who weighed in at 160 pounds.
finished second and Erwin Schneid-
err, go pounds, was third. Schneid-
er said he could have won IL he
hadn't kept peeking through the
handle of his bucket to see how
his rivals were making out.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
ten LIVES LOST
In new ENGLAND

Boston, July 1.-(UP)-Heat,
drownings and automobile acct
dents took 10 lives in New Eng
land yesterday when high tempera-
lures caused mass migrations to
seashore and mountains. Those
killed by heat included Charles G..
Kazlow, AZ, Haverhill; George
Clays, 10, Dorchester, at Nantas-
ket Beach; and James Sullivan 40.
Drowning victims included Arthur
Slane 80, Lawrence, who fell into
Merrimac river; Nazario Stellata,
who was swimming in water
filled quarry near his home; and
Walter Brennan, IS, Providence,
r. I.
Michael Cataudo, s, of Boston,
died from injuries suffered when
hit by an automobile allegedly
driven by Mrs. Mary c. Mcclellan
of Jamaica Plain. James o. Sui
Ivan %, of Greenfield, was killed
by hit-run car in Turner's Falls.
One person was drowned and one
killed by an automobile in Con-
necticut, where the bodies of two
missing persons were recovered
from tn Connecticut river.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

James Wadsworth, r., N. Y, who
! explained he felt it was unneces-
sary.
Another amendment by Rep.
Harry Sauthoff, p, Wis, to give all
utilities stockholders the same vot-
ing rights was defeated overwhelm-
ingly.
The amendment was opposed by
Chairman Sam Rayburn, D., Tex,
of the house interstate commerce
committee, who said he felt the
conference with the senate COM
mittee.
House Utility Bill
Washington, July 1.-UP).-
The modified Wheeler Rayburn
utility control bill lefore the house
today gives broad permission pow
ers to the securities and exchange
ton of holding company structures
into 'integrated public utility sys-
TENS" in the public interest.
The securities and exchange
commission is given powers to reg
ulate six chief functions of utility
holding companies for protection
OF investors and consumers.
These are: Issuance and sale of
securities; acquisition of securities,
utility assets and interests in other
businesses; simplification of top
heavy holding company structures;
intercompany transactions; service,
sales and construction contracts
and reports and accounts.
Regulation of these features, the
House Interstate Commerce comm
ittee decided, in rewriting the poll
icy declaration of the bill, is ne
cessary If they adversely affect
the public interest and the inter-,
est of investors and consumers"
Original Policy
The original policy statement
said that regulation was necessary
| after Investigations had revealed
long list of abuses by holding
companies.
The bill provides that al utility
holding companies engaged in In
terstate commerce must register
with the commission by Dec /.
1885, registration beginning Octo-
Der 1.
Failure to do this would bar the
companies from selling, transport
ing, distributing or transmitting
gas or electricity in Interstate COM
merce, the bill specifics.
Unregistered companies would
be prohibited from selling or dis
tributing securities. The companies
are required to furnish and keep
"up-to-date" data for the sec re-
garding their financial "set-ups."
The SEC is given powers to ap-
prove acquisition of securities or
assets, directly or indirectly, by d
utility holding company in any
other business except where APP
prevail has been given by state
commissions.
The commission, beginning Jan.
l, 1888, can commence bringing
about simplification of holding
companies.
Except when the commission
decides that there are "extraordin-
airy" circumstances, after April /,
1896, 1t shall be unlawful for any
registered holding company to
negotiate or perform any service
sales or construction contracts.
The bill amends the federal
power act to establish regulation
of electric utility operating COM
panies transmitting energy in inter-
state commerce.
Regulation of operating COM
panies would be vested with the
federal power commission. The
commission is given no powers to
regulate local rates even IL the
energy Is moved in interstate COM
| merce,
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
Stocks Rise In June;
Third Monthly Gain
One Hundred Representative Issues Show Advance Of
SO Per Cent-MOtOrs Lead Group on Dollar Basis

New York, July 1.-The market
appraisal of 100 representative
common stocks advanced So per
cents, or $7S9,O2S,0O0 in June, ac-
cording to the monthly compila-
ton of Frazier Jelke & Co. The
total market value of the 100
stocks at the end of the month
was $13,996,565,0 900 compared with
$13,207,542,00O at the end of May
and $12,S43, $4,000 at the end of
April.
Twelve of the thirteen sub
groups advanced in June, only the
mines declining. The largest gain
on q dollar basis was $151,77O,O
in the motors. The miscellaneous
industrials appreciated $129,793,-
600: the rails, $S4,341, 900; and the
utilities, sS2,S2S,000.
On percentage basis the big
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
President Rebuhed
By House Members
Continued from Page u

although President Roosevelt and
administration leaders made clear
that they regarded the issue as the
most lportant to come before the
session of congress.
Representatives simply passed by
tellers who counted the total for
and against the death sentence"
issue less than an hour after as
sembling at the early hour of 10
q. m.
Amendments Lost
An amendment to vest powers to
simplify holding companies in the
federal power commission instead
of the securities and exchange
commission was withdrawn by Rep.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
LUMBER MEN GO
BACK TO WORK

Portland, Ore, July 1-(UP) -
With the support Of the right
wing element OF the sawmili and
itmbers workers union, the gigan-
tic Long-Bell and Weyerhaeuse
lumber mills at Longview, WASH,
and the Inman- Poulsen plant at
Portland opened their doors today
to receive $500 workmen. Left
wingg roups In the union, an az
fiilate OF the American Federation
OF Labor. may seek 10 prevent
3.200 more conservative workers
from reHumlng operations AZ the
Isongviaw plants. first 20 close last
May.
Governor Clarence Martin Of
Washington ordered troops held
IN reldineas ta proceed 10 Longview
sheuld trouble develop.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
new NON-PARTY
OPENS in LONDON

London, July 1.-(UPJ-A new
mon party" party with policy of
peace and reconstruction emerged
to-day as factor of potential i'm
portance in the approaching gem
eral election. With it the veteran
liberal leader David Lloyd George,
wartime prime minister, began
what might be calIed-for the
moment-a non-political come
back. The occasion was two-day
peace and reconstruction" con-
vention announced as designed to
mobilize sentiment in favor of
peace and social justice.
The 5000 delegates include 1000
from religious and peace organiza-
tions, of whom 400 are ministers
of all denominations. There are
also about 100 of the 615 members
of parliament, including men for
and against the country.
Lloyd George explains as a
misunderstanding reports that
from the convention there would
evolve a new political party which
would name $50 candidates in the
general election at which a new
house of commons will be elected.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
INSURANCE STOCKS
REACH NEW HIGH

New York, July insurance
stocks in the New York city market
continued their gain during the
past week, establishing a new 1885
high on the closing day. The ag-
gregate value of 20 leading fire and
casualty insurance issues on June
% amounted to s582,826.000
against $578,425,00 on June 81, an
increase for the week of $4,401, 900,
or 0.76 per cent. The low for the
year, reached on March IA, was
S484,613,O00. The current average
yield of the 20 issues is S.4S per
cent. on June FL. The current mar
ket value equals 1875 times the cur
rent liquidating value. against 1874
times a week ago. Combined earn
ings from underwriting and net in
yestment income equal 1856 per
cent of market value against 7.42
per cent on June 21.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

gest advance in June was 1914 per
cent in the miscellaneous indus
trials. The motors advanced 90 per
cent; the utilities, 81 per cent; the
chemicals, 8.4 per cent; the build
ing shares, 80 per cent; the retail
issues, 81 per cent; the foods, rs
per cent; the steels, 7.2 per cent;
the railroad equipments, IL per
cent; the electric manufacturing
issues, SIS per cent; the rails, ga
per cent; and the oils, 5-10ths of
one per cent. The mines declined
is per cent.
The market value of the 100
issues is $504,446,00 higher than
at the end of June, 1894; but ST.
23S,79S,O00 lower than on March
81, 1884.
The following table shows the
extent of price changes by groups
during the month of June:
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
NEW YORK BANK
STOCKS LOWER

4 u
New York, July New YORK
citv bank stocks registered de-
cline during the past week. Inc
aggregate value Of sixteen leading
issues totaled $1,297,61s,ooo on
June 2s, compared with s1,S25-
$4,000 on June 81, a decrease for
the week Of $27,571,000. or EOS per
cent. The current average yield OF
the sixteen issues of $50 per cent
compares with yield of 5.1s per-
cent ON June 81. The current mar
ket value is now 1.o6 times the
known value against 100 times at
the close of the previous week.
Based upon current figures the six
teen issues are now quoted at an
average Of 1922 times their known
earnings against 1875 times on June
FL.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
HoUsEBoAT FLoATED

New London. Conn, July l.
(UP)-The houseboat memo the
3rd." which went aground at Rocky
Point, Fl. J., in fog last night. was
fioated today by a coast guard cut
ter and patrol boat.
Six persons were aboard the boat.
which was not damaged by the
Bleaching. The home port and iden-
tity. OF the owner were not ascer-
tained.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
WOOL MARKET.

Boston, July 1-(UP)-Quotn-
tions on wool In Boston are fairly
Arm, according to today's report
OF u. 8. Agriculture department.
Trade during the past three
weeks has been steady At a higher
rate than IN the frat week OF June.
The steady demand from mills and
the Arm replacement market In
the large producing states cause
holders Of spot woods 10 adhere
firmly 20 current aeksng prices,
Weakness of wool quotations ap.
pearant IN the middle Of the past
montii has isargly disappeared.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
Traders We're Very Cautious in Market Issues Toda!
Outcome of Utilities
mHouse Halted Them
Market Tone Was Firm From Outset-ualns were
Recorded in All of the Divisions

Briggs at S4% made new highs TOT
i theyear and all such stocks showed
fractional gains. .eon oo
shares compared with foU,vuUi
shares Friday. Curb sales we1e
1Os, 900 shares compared with lOS'-
900 shares Friday. $500,
Dow Jones averages industrial
I11S.82 up O.61, railroad 1922 up
OBS. utility 22.O4 up O.15.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
HORNSTEIN MADE
HIS CONFESSION

(Continued from Page ~
stein, that Charlie was on the
scene to see how it came off,"
Hornste;n testified that he wait
ed for Fisher at a drugstore in
Providence the day of the robbery
in case something went wrong !,
and Fisher was forced to hide
out" Z.
Hold-up Described
Fisher described the holdup to
Hornstein, according to the wit
ness. saying two of the New York
mem jumped on the mail truck
and oyerpowered the driver. At
ter driving to an isolated spot, the
bandits We're met by truck driv-
en- by Andino fAndy) Merola,
Hornstein testified. The money was
transferred to a hide" in the
truck and the men crouched in
the secret compartment and We're
driven to the Rettich home, Horn
stein quoted Fisher.
Accompanied by Rettich, who ar
rived shortly afterward. the BAN
dts went into the cellar of the
'1,rime Mansion" and counted
the loot. Hornstein said.
.sFisher told me they each took a
handful OF niekels as souvenirs.
Hornsfein testified.
Fisher told him, Hornstein said
that he should go away and would
borrow money for the trip from
Mrs. Helen Rubin of Brighton, his
sister, who with her husband. Nor
RS. Is accused of being an acces-
sorry after the fact.
apisher said he didn't want "a
confacf RettIch too soon after the
hoIdup, but would Introduce me to
Garlic az his cousin" the witness
<tzfified.
Promise Fair Show.
ne snid ne was promised "fair
ronalderaiior,' Of the loot. Rettict
.Vns to change the bills for fear
authorities had the serial numbers
Unrnnlein said.
r. The original plan for the holduT
HHn 20 transport the ioet 70 ms
<i+Ilich home BY boat. Hornsteir
s4fH fIahef told him, but this wal
81. 1..ed shortly before Decempel
"a 4hfn they discovered THE mar
.<SE lie beat couldn't be trusted
fS<I4F defendants nft john fbon.
mi XS<l|onf. Tommy puEAn ans
s<ie& tiAft'san. all % New York
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01
investment Trust Quotations
G. T. CULHANE CO.. INC.
6S Center Street

Bid Asked
Amerex Holding Corp IL 'lSA
A@ Corp. $50 pfd. 49,. 21M s4H
American Founders
Corp. 79o pfd. -. % 26
secs. A. -. sM. sM
American & General
Secs. Corp. SO pfd. 40 So
Associated Standard
OIL Stocks ....... SIS ga
British Type Inves-
tors Glass A. -. 20 40
Century Shares -. .2S.19 25.47
Diversified T r stee
Chares B. ........ IN
Diversified T T stee
Shares C.. ........ 3.25 3.55
Diversified T r u stee
Shares ID. ....... 5ss
Dividend Shares -. 1888 1:45
Equity Corp. of Del.
pfd. ............ 80 "a
Fixed Trust Shares A. SAP
Fixed Trust Shares B. 7.16
Incorpt rated Inves-
tors 1875 1866
Int. Sec. Corp. of Am
erica $50 pfd. -. PIN 25R
Int. Sec. Corp. of Am
erica 61a 20 pfd. :. % 26
Massachusetts Inves-
tors Trust ...... .20.41 22.1S
Nationwide Sec. b. :. $50 $40
North American Trust
Shares 1856 ...... 2.4S
Second international
Sec. A. com. ...... IL IN
Second international
Sec. Y 20 pfd. go. SO 40
Spencer Trask Fund. 1857 1867
Trusteed N. Y. Bank
Shares ........... i.ls 1885
U. s. Elec. Light &
Power Shares A. =. i4M IAN
L. 3. Elec. Light a
Power Shares B. :. 2,0i All
u. 8. & British Int.
Co. So pfd. ....... 81 II
HOME LOAN BONDS
Bid Asked
Home Owners Loan
SIS 1862 .........i0i.is i0s.e
Home owners Loan
2k's 1919 ......ioo ioo.a2
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

Scarcely
less SUR
prising than
his loss of the
heavyweight
championship
was Max Baer's
winning of a
bride. After
feinting
through vari-
Gus encounters
in which he
took consider
able punish
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

by their Sec
Onds, and with
a District of
Columbia SUI
prerne court
justice Omciat-
ing, they were
quietly mar
ricd in Wash.
ington. The
above picture
shows them
going into a
clinch as Max
led to the
ah-kisser.
At left you see
the happy smile
of the new
Mrs. Max Baer,
who previously
managed a
Washington
coffee shop.
The fighter ad.
nlits she's a
knockout.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

tcontinued from Page ~
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-07-01

DOW JONES AVERAGES
Evening star., 1935-12-12
FRIGATE REPAIR ASKED

A resolution urging the Federal Gov
ernment to indorse movement for
reconditioning the frigate Constella-
ton and returning the craft to her
home port in Baltimore was adopted
today by the District Chapter, Mill
tary Order Of the World War, at q
luncheon meeting in the Mayhower
Hotel.
In passing the resolution the chap
ter pointed out the Constellation is
possibly the oldest ship in the Navy,
having been launched in 1897. 1t Is
understood that Lieut.. Col. George E.
Ijams, commander in chief of the
Military Order of the World War, has
brought the matter before numerous
chapters throughout the United States.