davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-05-05
DETROIT DEPOSITS
REACH $527,0O0,O00
City Shows Amazing Revival in
Industry Since Banking
Debacle in 1888.
BY the Associated Press.

BY the Associated Press.
DETROIT. May 4.-Detroit's swift
industrial revival under the leadership
of the expanding automobile factories
was strikingly illustrated today by
clearing house figures and relief
charts.
Commercial deposits in Detroit
banks now exceed by $l60, ,000, 900 those
in existence when Michigan's banking
debacle of February. 1888, dealt a
staggering blow to the city.
The case load of welfare agencies
showed a drop of 40 per cent since
December S, 1884, as thousands of
men were called back to work.
F. James Bear, treasurer Of the
clearing house, said that the total
of all deposits, $527,000, 900, virtually
equaled that of early 1898. and that
claims aggregating approximately
sl53 100000 were outstanding against
closed banks, although smaller de-
positors have been paid in full.
Daily average clearings have in
creased from less than s11 100000 in
1882 to nearly sl5, 100000, despite the
fact it was necessary to rebuild the De-
troit banking structure almost entirely,
Bear said.
Evening star., 1935-05-05
CHICAGO LIVE STOCK.

CHICAGO. May 4 Qp.--Except for fat
lambs; quoted prices for better live stock
the movement Of meat in retail channels.
However, this phase Of the trade was not
bearish enough to Offset the effect Of con-
mai levels for this time Of year. ~ "''
Hogs Yesterday averaged $S.SS. or 9
cents above the average Of q week earlier.
the .nd Ied ID aims
Of is cents were recorded. a year ago the
average was around $3.70.
all but 500 OF the 5000 run being direct.
The euctable peak was at 50 % and esti-
mated holdover was 1000. equal to the
mum number 81 stale hogs = on hand. Four hgn-
ssi,ssiy soea and choice medium veisns
cents during the week with comparable
yearlings and Light steers ruling strong
e e k cents up new nye1ys.r peak Of
grade beeves, however. were steady to 25
gents lower. with kinds selling at S11 to
tive Of the trade In general as much of
this was placed largely on specialties for
fansy msns psmss euysEs Ie.t as to 30 cents, but
lambs topped af $3.50 while wooied Of
ferings hit $3.50. Both Of these prices
ever.
Nat c. Murray, Clement Curtis 4 Co.
correspondents indicated this Springs
pig crop is II per cent smaller than q year
ago. In the nine corn belt States he said:
the reduction - II Der cent and for all
other States the reduction averages
unonici.l estimated receipts of live
stock for Monday-Hoss. 1900; cattle.
11.Q00: sheep. $4,000; hogs for all next
week, 10000.
Evening star., 1935-05-05
Brokers' Comments

By the Associated Press.
NEW YORK, May 4.-Overnight
brokerage opinion was divided con-
cerning the immediate outlook for
securities markets.
Lamborn, Hutchings g. Cove
would be inclined to accept trading
profits on any sharp rally.
Frazier, Jelke & Co.-With cheap
money the motive force back Of the
market the higher grade dividend
paying stocks are likely to be in
creasingly in the public eye.
E. A. Pierce & Co.-The conclu-
sion would seem to be logical that
the market possesses most substan-
tial amount of fundamental strength
j. S. Bache & Cot seems to
us reasonable to expect that profit
taking by traders will again develop
in many sections of the industrial list
Shields g. Co.-There is no reason
to change the policy Of confining
purchases to periods of active set
backs.
Charles D. Barney & Co.-The
immediate technical position still con-
tinues favorable so that fairly sharp
additional rallies into Mondays Ses-
sion appears logical expectation.
Evening star., 1935-05-05
EIGHT BANK OFFICES
OPENED IN 7 STATES
special pispatch to The Star.

Special Dispatch to The Star.
CHICAGO, May 4.-Banking ia
cilities were increased in seven States
during the past week when eight new
banking offices were opened, 1t is re-
ported in this weeks Banking Market
issued by Rand McNally Bankers
Monthly.
The banks, including three new
branches, are located in the States Of
Indiana, Iowa, New Mexico, North Da.
kota, Pennsylv ania, South Dakota and
Texas.
Six mergers and consolidate
three changes in bank titles and five
discontinued banking Offices are also
reported in the bulletin.
Evening star., 1935-05-05
Chemical Prices
Tend Downward
AS Sales Dwindle
Special Dispatch to The Star.

6peClhl b1Sp8tCn 70 nc SthEs
NEW YORK, May 4.-Reductions
were the rule among price changes
last week in the markets for heavy
and fine chemicals; the Oil, Paint
and Drug Reporter will say in its May
issue. THE changes affected few
materials of Importance. Buying OF
large tonnage materials slackened
further because of tapering produc-
tion schedules in consuming indus
tries and the labor disturbances in
the automotive industry.
Reductions were made In prices Of
English vermihon, nitrate of silver
shellac, domestic casein, bones and a
number of organic nitrogenous fer
tilizer materials. both imported and
domestic. Higher quotations were
named on nucleinate and proteinate
Of silver and on fish meal at Baltl-
more. The shortage of coaltar SOL
vents was unabated. Activity was i'm
proved in refined naphthalene, anilin
oil and creosote oil.
THE Reporters composite index
number of prices for heavy and fine
chemicals receded from 1910 to 1863
compared with August 1, 1914, as
1000. In comparison with average
prices in 1926 (as 1000, the Reporter S
index number is now 1914. against
905 at this time last year.
Evening star., 1935-05-05
Chicago Grain

BY the Associated Press.
CHICAGO, May 4.-Heavy rains and
snow in parts of Texas and Oklahoma
did much today to drag wheat values
lower.
A contributing bearish factor was
dry weather Northwest likely to IA
cilitate completion Of Spring wheat
seeding. Lack of any aggressive buy
ing added TO the downward trend OF
the wheat market and Of other grains.
Wheat closed weak, I-lh under
yesterdays finish, July s6A, corn un-
changed to y lower, July S2K-%,
oats h-N OF, and provisions varying
from s cents decline to 10 cents
advance.
Grain range at principal market stoday.
Evening star., 1935-05-05
New York Cotton
By the Associated Press

By the Associated Press.
NEW YORK, May 4-Continued
trade absorption of limited offerings
carried the advance in cotton futures
somewhat further today. Prices
reached the best levels since the March
slump and the close was 3 to 10 points
higher.
The steadier tone of the stock mar
ket and firmness of London silver had
q sympathetic influence. The rally of
July to within points of the 12-cent
level brought out a little realizing and
Southern selling in that position, but
later months closed at the best levels
for the day.
Unofficial advices to the Bureau of
Agricultural Economics that unfav-
orable weather and heavy boil weevil
damage in Brazil may reduce the crop
to around 1,33s,0O0 bales, compared
with the recent official estimate of
, 1881 900 bales, may have aided the
tone.
The amount of cotton on shipboard
awaiting clearance today was esti-
mated at $1,000 bales against 77,000
bales a year ago and $4,000 bales two
years ago.
81
Evening star., 1935-05-05
FOREIGN EXCHANGES.

NEW YORK. May GP.-Foreign ex.
ehanee steady: Great Britain. in dollars,
others In cents. Great Britain. demand,
France, demand 6.59la cables 6.591a
Italy. demand, s.23l2; cables. S.2312.. De-
mands-Belgium. 1898; Germany. 40.24;
Switzerland. $3.50: Spain. 1897: Portu-
gal. 4.4012:. Greece. .93ss: Poland. 1890;
Austria, Is. .s5n: Hungary. %. .s5n: Ru-
mania. 1.02; Argentina. 32.26n: Brazil,
ss;5sn: TOXIC, 2s.57: Shanghai. 4I.25:
Montreal in New York. 99.75: New York In
Montreal. 1OO.25. Nominal.
Evening star., 1935-05-05
D. c. FIRM OBSERVES
THIRD ANNIVERSARY

Celebrating the third year of Slau-
son, White & Rowe, Inc, as WASH
| ington representatives of Independence
Fund, an anniversary dinner was given
at the Press Club Friday night. Ro-
| land H. Rowe was toastmaster, and
the guests included Douglas Laird,
vice president of Independence Fund,
and William M. Aitchison Of Rem
ington-Rand, Inc.
Evening star., 1935-05-05
ENDlCOTT TO ATTEND
COLLEGE OF BANKING

Ralph Endicott, assistant treasurer
of the Washington Loan 81 Trust Co.,
is another Washington financier who
will attend the new Graduate School
of Banking at Rutgers University this
Summer. This increases the Capital
delegation to four, three others already
having enrolled from Riggs National.
Evening star., 1935-05-05
NEW YORK PRODUCE.

NEW YORK. May 4 R-Butter. 1852,
easy. Creamery, higher than extra, 29a
2934; extra t92 scorel. 2SAa2S34; f1rsts
ts9.91 seores). 261aa2s; centralized 80
Cheese. 1887, easy. Prices unchanged.
Live poultry nominal. All freight and
express grades unquoted.
Dressed poultry steady. All fresh and
frozen quotations unchanged.
Eggs. 1884; flrmer. Mixed colors:
Special packs or selections from fresh re-
ceipts. 26Aa2Sh; standards and CONNER
cial standards. 26Nah: flrsts. 25A: me-
diums, 40 pounds. 25a25A dirties; No; /.
~ pounds. 25; average checks. 23a23iz;
storage packed firsts. 90. White eggs:
Resale Of premium marks, 291aa3O; other
whites unchanged. Brown: Western stand
ards. 2634a27; other browns UNCHANGED.
Evening star., 1935-05-05
SALE OF new GULF OIL
BOND ISSUE REPORTED

By the Associated Press.
NEW YORK, May Wall street
investment circles hear that the Gulf
Oil Corp. has sold privately a new
issue of bonds in connection with the
plan for retirement of its per cent
debentures on June /. As of De-
cember 81 last the debentures were
outstanding to the amount of $685.
997 900. Their maturity date is De-
cember l, 1887.
Evening star., 1935-05-05
GAINS EXTENDED
ON CURB MARKET
Advances at Close Range
: From Fractions to Around
--
a Point.
BY the Associated Press.

BY the Associated Press.
- NEW YORK, May 4.-Yesterday's
upturn in the Curb Market was mod
erately extended in today's short ses-
sion. Advances Of fractions to around
. point predominated at the close in
most categories. Transfers spproxi-
mated 117,O0o shares compared with
$4,000 a week ago.
New Jersey Zinc and Aluminium Co.
Of America both got up 2 points.
Commonwealth Edison, Montgomery
Ward "a" National Power g. Light
preferred and Newmont advanced
around point each. Fajardo Sugar
tirmed a major fraction coincident
with active buying in sugar shares on
the big board.
Small improvement appeared in
American Gas & Electric, Dow Chem
ical, Greyhound Corp, Sherwin- Viii
lans and Humble Oil.
Evening star., 1935-05-05
Commodity Price
Changes for Week
BY II. N. McGILL,
Editor McGill Commodity Service. In
Auburndale. Mass.

Editor McGill Commodity Service. Inc,
Auburndale. Mass.
AUBURNDALE, Mass, May 4 (R.
Commodity prices during the first
week in May moved in an irregular
manner, although the price average
was slightly lower than the previous
week. More groups advanced than
declined, as out Of IA individual
groups, Z were higher as against 3
reactions to lower levels, and remain
unchanged. However, In most every
instance that prices averaged higher
the upswing was limited. Whel cas-
of the groups that declined, were
extremely important, namely, agricul-
tural products and live stock, and
price weakness more than counter
acted the limited strength in other
groups.
Industrial prices reached the high
est level since early March, but this
group remains under the quotations
prevailing a year ago. Preliminary
figures clearly show that the volume
of business for both durable and con-
sumner goods industries during the
first four months Of the year was well
above the corresponding period Of
1884.
Farm Prices Down.
Agricultural prices moved down.
ward at rather fast pace. despite
the fact that seven important items
registered strength. A check-up
shows that lower quotations for
wheat, oats, barley, eggs, beans, po-
tatoes and butter more than offset
the higher price range for corn, rye,
cotton, sugar, rice and f1axseed.
Live stock prices, representing the
third major group, also declined dur
ing the week and the trend has ex-
perienced difficulty in holding close
to the high point reached during the
third week in March. During the
week prices of cattle, hogs and lambs
averaged well under the previous
week.
Non-ferrous metals represent the
third group to decline and again the
reaction was of comparatively broad
proportions, rejecting price weakness
in silver and tin.
OF the groups that advanced, hides
and leather recorded the sharpest re-
covery. This was due to q revision
upward in the price list for calfskins,
oak and union sole leather.
Paint materials ruled higher. under
the impetus Of price strength in lith-
arge, rosin, turpentine, zinc oxide and
naphtha.
Fine textiles also moved upward,
due primarily to spot cotton and cot
ton yarns. The price level Of fine
textiles remains substantially under
year ago.
Vegetable Oils Rise.
A renewal Of an upward trend was
noted in vegetable oils, as china wood
and cocoanut oil advanced while all
other items remain unchanged.
Most important changes in the Nc
Gill weekly price index Q926 equal
ling lffl uere as follows.
Evening star., 1935-05-05

Miscellaneous Markets.
Additional New York markets compiled
by the Associated Press:
sIJGAR~FItures No. 3 closed steady.
unchanged to 1 HIGHER; sales, 1Q.250 tons;
May. 231n: July. 2.35b; September. z. Al b:
December, 2.47b; January. 2.33b; March,
CRUDE RuBBER-Futures closed quiet
and steady. 7a13 hisher: sales, No. 1.
tembcr. IL .76b; December. 12.03a05; jan
uary. 1211b; March, 12.26a27; smoked
ribbed; SPOT. II Son; ~. ~ =.
Santos No. 4, ShaA; cost and freight Of
ferings Included Santos Bourbon IS and IS
at 4 5Oa7 30. Rio futures closed barely
Der. 5.35: December. 5.45n; March, 5.4an.
Santos futures barely steady: sales. 5000;
July. 774n: September. 7.75n; December.
Bid. Nominal.
Evening star., 1935-05-05
COtt0nseed Oil.

Following early firmness cottonseed
oil reacted under increased liquidation,
closing net unchanged to l point
lower, sales 81 contracts. Bleachable
spot nominal; May closed 1895; July,
1886; September, 1860; October,
10.49; December, 10.41.
Evening star., 1935-05-05
ELECTED TO BOARD.

NEW YORK, May 4 R.-A. J..
Kieckhefer, president of the National
Enameling & Stamping Co., has been
elected q director of the Allis-
Chalmers Manufacturing Co.
Evening star., 1935-05-05
NEW FINANCING DUE.

NEW YORK, May I (R.-New State
and municipal fianancing scheduled
for next week totals $18,528. .180, says
the Daily Bond Buyer. This com.
pares with the revived total Of $2o,.
zoe, las for the past week
Evening star., 1935-05-05
PHILADELPHIA PRODUCE.

PHILADELPHIA. May .R.-Iive and
dressed poultry unbalanced. Butter: all
D. - 3. s..nSards, Nos. and 3snass:
Evening star., 1935-05-05
Daily Price Index.

NEW YORK, May 4.-Index Of Is
1891, equals 100; 1926 average equals
Evening star., 1935-05-05

" YUKON Gald. ........... u
Dy,dsna rates dollars quartedly or semi
sPaysbe in cash or stock bPsysS. ~
5S IN stock gPlus 81 in stock hPayabe In script p,
stock pPald this
DIVIDENDS nPus l0f in stock. rerulsI
xEx dividend. - -'~ - D~'Ns '~S'ssNiA'~
Evening star., 1935-05-05
q. s. TREASURY NOTES.

NEW YORK. May 4 R.-Prices quoted
In dollars and 80 seconds.
Evening star., 1935-05-05
Vegetable Oils Rise.

A renewal Of an upward trend was
noted in vegetable oils, as china wood
and cocoanut oil advanced while all
other items remain unchanged.
Most important changes in the Nc
Gill weekly price index Q926 equal
ling 1000 were as follows:
Evening star., 1935-05-05
Miscellaneous Markets.

(Copyrieht. 1888. BY MoodysJ
The Washington times., 1935-12-07
Judge o. KS Kidnapping

GREELEY, Colo, QN.S0.
Judge F. w. Clark, sitting in dis
trict court here, upheld the kid.
naping of 3-year-old Annie Marie
Hodgson.
Mrs. Laura K. Fritzler, it was
shown in evidence offered in the
case, was living with her daugh-
ter, Mrs. Julia Maxine Hodgson'
a divorce, and the latter'S daugn'
ter, Annie Marie, in Windsor,
Colo, when the grandmother ana
the child disappeared. They were
located later in Greeley, and MRS.
Fritzler admitted taking the child.
Judge Clark awarded her Gus
tody of her granddaughter, ruling
Mrs. HodgSon was not a fit person
to have custody of the little girl.
The Washington times., 1935-12-07
Pigs Is "Interest"

DEDHAM, MASS G.N.so.
Chief of Police George C. McGilly
had little trouble finding the so
"ear marked" pigs stolen from
William P. Nickerson last May by
Theodore and Daniel Chamber
lain. He had an animated Jig
saw on his hands, however, when
the Judge told him to find thS
"interest accrued by the stolen
property during the time it was
out of the hands Of its owner"
He is still looking for little pig
gies given away by the Chamber
lin cousins.
The Washington times., 1935-12-07
SUNFLOWER

These jolly SunflowerS make a
quilt that has all the color and
gayety Of a summer garden, for
each petal calls for a different
patch. Here's a chance to use up
all the scraps Of material you
have, in a quilt which will add
much charm to any bedroom. You
will find that the piecing is not a
bit difficult and the flower that
gives the quilt its name-Sun-
flower-will bloom quickly be-
meath your fingers.
Pattern 1888 comes to you with
The Washington times., 1935-12-07

complete, simple instructions for
cutting, sewing and finishing, to-
gether with yardage chart, diar
gram of quilt to help arrange the
blocks for single and double bed
size, and a diagram of block
which serves as a guide for plac-
ing the patches and suggests con-
trasting materials.
Send 10 cents in stamps or coin
(coin preferred for this pattern
to The Washington Times. Needle
craft Department, 80 Eighth Ave.
New York, N. Y.
The Washington times., 1935-08-30

~ Picture from International NewsP Service
On the of what may prove to be another world war;
this country looks at defenses and finds them wanting
in many important particulars
The Navy is far behind its necessary quota of ships and
men, and despite the expansion that has been authorized
will be some years before it reaches that quota.
The Army is in even worse plight.
The nuaneuvers at Pine Camp, valuable as they are
for training troops, more UduGbte IN bringing
home to the public the nations appalling lackO modern
equipment for Udr.
Five tanks took part in the problems"
These five tanks are almost the ONLY Of servceable
pattern in the United States.
We have numerous othrs-of the type used in 1917 and
1918 but they practically obsolete and would be OF little
today.
There is detachment of mechanical cavalry at the
It is part of the First Cavalry Regular Army
That regiment the ONLY mechanical cavalry force in
the country-and it is still largely experimental.
Most of the motordrawn field artillery is capable of maxi
mum speed of eight miles hour.
It has been fitted with babearng axles and balloon
tires permitting the high speeds Of which foreign field
i[ery is capable.
There similar deficiencies shortages in bombing
planes in field radio se in many other articles essential
to modern army
And because of "ack of funds" the $4,000 troons at
the limited to an Average of THREE
ROUNDS of blank ammunition per man for FIVE DAYS
of "UnrfGre."
The also show insufficient training for many
the units involved In short America usual unpreparedness
the outstanding feature every in which have been
engaged-seems to be the rule now, before.
There better fighting in the world than the Amer
can soldier-reguar, guardsman reservist.
But he is not numerous enough he is not trained enough
end he is too poorly equipped to win without paying
the heavy price in life and money which unpreparedness al
ways brings.
has eyes to and who does not deliberately close them to
the lesson taught by it, AND BY ALL OUR HISTORY.
The Washington times., 1935-08-30
Death or an Airport

amazing that Congress which professed the high ideals
of that closed should consider its work done long
there exists the emenacing condition which conronts air.
plane transportation in the National Capital
Yet that Congress-, vhch intent snving the
ills of the country, has deliberately not naalcrOusly
perpetuated highly dangerous condition by refusing to
take action looking toUard the establishment of SAFE
AND ADEQUATE AIRPORT for Washington.
For decade individual members of Congress have recog-
nized the peril which turks in the present field.
Only kindly Providence has prevented terrible tragedy
to of the great planes coming into leaving the District
The mnence of disaster however apparently has no effect
upon national legislators.
Testimony experts the danger spread hundreds
of pages of hearings, has had effect.
Is Congress going to INSIST ON FATAL ACCIDENT be-
fore it acts?
Are the conflicting wishes of those avoring site and
those favorng another to be permitted KILL AND MAIN
innocent passengers the airlnes?
would that the these questions lies with the
future.
The will be DEATH unless Providence continues its
kindness
The Washington times., 1935-08-30

at cree, that would be the end
of it and the thing might jump
a few yards and flop. But
the continuous flow of fuel,
pushed in by the expanding
nitrogen, maintains a steady
force of recoil and, rather than
a rocket, in the ordinary sense,
they have an engine, propelled
by recoil rather than by the
grip of wheels on the ground Or
a propeller blade on the air.
The first successful effort Of
the kind was made by Johannes
Winkler, at Dessau, Germany,
March 4, 1881. The Germans
have, in fact. been the pioneers
of rocket flights. Prof. Herman
Oberth has been making fruit
full experiments since 1929. Last
year Gerhard Fucker, a Ger
man, experimenting in England,
sent a sack of mail for more
than a mile, and landed it safe
ly and accurately at Rotting-
ham, England.
In France, Prof. Robert Es-
The Washington times., 1935-08-30
Sinister Campaign
By James T. Williams, F.

BY the time Congress ad.
journed more than a dozen pro-
posals were pending calling for
drastic changes in the ConStitu-
tion. Typical of these was q
joint resolution introduced in
the House on Flag Day, If you
please, by the Representative in
Congress from the Twentieth
New York District, Mr.. Vito
Marcantonio, who is rafting
around in the congressional
shoes formerly worn by Mayor
LaGuardia of New York city.
The Marcantonio proposed
amendment would give to Con-
gress autocratic power over the
worktime and compensation of
all wage earners, provide for
the relief of all the aged, in
Valided, sick, and unemployed
and for the seizure by the Fed
eral Government of all natural
resources, properties and enter
prises in manufacture, mining,
commerce, transportation, bank
ing, public utilities and other
business and for their future
ownership and operation by the
Federal Government.
And the pretenSe under which
this despotism in Congress is
urged is that it would be for
the benefit of the people. and
generally for the social and eco-
nomic welfare of the workers,
farmers and the consumers"
A companion measure for Mr..
Marcantonio's revolutionary pro-
poSal is a proposed amendment
to the Constitution, introduced
in May last by Congressman
Knute Hill of the State of
Washington, which would
Shackle the Supreme Court by
depriving it of any Jurisdiction
to declare any act of Congress
unconstitutional.
"SPECIOUS PRETEXT"
These proposed amendments,
sponsored by radical supporters
of the sapping expedition to
undermine the American sys-
tenn of government, were also
predicted by George Washing
ton when he said in his i'm
mortal valedictory:
Towards the preservation of
your Government. it is requi-
site. that you resist with care
the spirit of innovation upon
its principles, however speciOus
the pretext.
ITO promote the public vel
fare" is "the Specious pretext
upon which the radicals at both
ends of Constitution Avenue are
organizing their sapping expedi-
ton ito undermine what can.
not be directly overthrown"-
the American system of Govern
ment of which the Constitution
is the corner stone and the
loyalty of the American people
the sole support.
Copyright, 1885, The Washington Times