davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

Considerable skepticism still
exists in the Street"
For one thing the power and
light shares are not out Of the
woods. Before a vote is finally
called on the utility holding com.
+ any bill the Administration will
probably air good many figures
not yet released, just as was done
before the passage of the S. E. c.
bill, and which will have an ad-
verse effect on the group.
The Morgan bank statement is
an interesting sidelight on what
the corner" has been doing in
recent months. Between June /,
1884. and the year end the firms
stock and bond holders dropped
$4,331,734 and from the latter
date to March 4, last there was an
additional $41,427 decrease.
The better tone in the utilities
is helping the brokers.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05
MARKET SHOWS
SLIGHT GAINS
ON UTILITIES
BY WALL STREET SPECTATOR

ny WALL . NEEA Oh EN- Wv
NEW YORK, April 5 Q.N.S0.
The market did little better yes.
terday as the utilities moved up
a little further. The rails also
worked slightly higher, but the in
dustrials by and large showed
many negative spots. The motor
shares were particularly conspicu-
GUS in this regard indicating that
the trading fraternity is pretty
much convinced that the peak Of
the season is being reached, if it
hasn't been already.
The better appearance Of the
carrier shares is apparently due to
short covering just in case there
is a decision on the pension case
next Monday. One rally doesn't
make a bull market, however.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05
Local Stocks

SALES
Washington Loan and Trust
Company, 10000.
AFTER CALL
Capital Transit Company, 100
20, 5000, 1920.
Washington Gas IS B, 1000
$103A.
Potomac Electric SIS preferred,
2@$115.
Washington Railway and Elec-
trio pfd., 1O@10334, 10@104.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05
INSTALLMENT FALLING

PUYALLUP, Wash, April s..
Ed Harris, Puyallup, took 10 weeks
to serve Today sentence for gait.
ing salmon. The court permitted
him to spend one day a week in
Jail, to keep from losing his job.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05
Liberty National Bank

Charter No. 1853 Reserve Dist. No. 5
REPORT OF CONDITION
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

or Washington in the District of Co.
lumbia at the close of business
on March 4, 1885.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

FINANCIAL STATEMENTS
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

This metal casket, which with cars,
hearse and use of chapel, is the
same as most $500 funeral services,
for only 1855.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

When you call Chambers, you not
only have the service of Washing.
toms Largest Undertaken, but one Of
the Largest in the World.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

This good quality, neat. cloth cas-
ket and a whole dignified funeral
conducted by Chambers - service,
hearse, cars and free use of chapel
and parlor all for one price. $165.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05
Announcements

Advertisements are broadcast daily
at ~ noon over VOL at no Gd
ditionGI cost
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

Total capital ACCOUNT .
Total liabilities ......
Memorandum: L o a n 8
and investments pledged
to secure liabilities.
3. United States Govern
ment obligations, direct
and/or fully guaranteed
4. Other bonds, stocks, and
securities :.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-04-05

BIRD DOG-Pointer, male. liver and white:
lost Wednesday on Seminary Rd., hall
way between Baileys Crossroads and Alex
andria, Va: nameplate, Elmer F. Newell
Clarendon, Va; reward. Phone CLaren'
don 5000.
Evening star., 1935-03-09
j. S. BONDS GAIN;
OTHERS HES|TANT
Federal Obligations Extend
Recovery, but Volume
DWindIes Sharply.
By the Associated Press.

BY the Associated Press.
NEW YORK, March 9.-With the
exception of United States Govern
ments, which extended the recovery
initiated in the late dealing yesterday
the bond market had no definite trend
today.
In spite of a considerable contrac-
ton in volume practically all of the
Federals recorded modest gains over
the previous finals. Federal Farm
Mortgage 314s led the movement
with a rise of 1892 Of point at
1913. Treasury 3as. 1941, hardened
7-32 at 1913, and the As were higher
at 110.2S.
Speculative rails were fairly steady
although minor losses featured some
loans Of New York Central Baltimore
& Ohio. St. Paul and Missouri Pacific.
Utilities were mixed. North Amer
lean Co. IS continued to push up an
other IL points to 88, while Detroit
Edison AIS slipped back Is to Ill.
American & Foreign Power SIS were
heavy around 555s. Industrial issues
contributed some small gains, and
those improved included Youngstown
Sheet g. Tube SIS at 94l2 and Ameri-
, can Smelling SIS at 1857.
Postal Telegraph SIS yielded half a
point at A and Standard Oil Co. of
New York A. IS were shade lower at
1o37s. American Telephone and Ar
mour g. Co. issues were firm
Selling orders appeared to have
more weight than bids among foreign
= loans, and there were losses of frac-
,, tions to a point in British 5las.
French Is. German 51as, and Polish
rs. Uruguay IS were transferred at
S57s, up IS.
Evening star., 1935-03-09
CHICAGO LIVE STOCK.

Y CHICAGO. March 8 up Omitted States
Department of Agriculture) Cattle. 500;
Fed steers, and yearlines., 50a75 higher;
such as sold of sharply late last week;
extreme top 14.10, new high on crop
and highest since December. 1880; best
yearlings. 1885; rank and file fat steers.
9.25a12.75; daily average cost advancing
high as / ;16; common and medium medium steer steers
steady with advance. whereas better grades
Weakened late in week, due to lax shipper
demand; all she stock unevenly so to LOO
iligher; she stock closed weak. but de-
nfand still broad; bulls e5 higher. and
vealers uneveniy steady to so lower; not
mand broad. but confined exclusively , to
starvation runs main stimulating factor
in live market; beef trade very narrow.
but still broad enough to absorb the live
crop at unevenly higher prices.
Sheep. 800; for week ending Friday:
1sSoo directs cSmpsred Con Frday ID ,orss last
sheep strong to shade higher; feeding
lambs early 9,.5: late. 900; weeks bulk
sFound s.a5a9.15; medium lambs occa-
sionally 7.50aS.00 in load lots; two dou-
bles choice 90-pound Fall shorn lambs 8.35
early; medium to good yearlings 7.50a15;
native ewes around 4.00a5.25 mostly;
ses year. fwei
to quality and weight: one load oyer 20
Hogs 5000. including $500 direct; de-
mand narrow: undertone weak: quotations
UNCHANGED sI. from last Friday; , few 6Ia bids
estimated holdover. 1000; all quotations
Dominal,
Evening star., 1935-03-09
DEBATE ON MONEY
THEORIES AROUSED
Governor EccIes Supports
Idea That Velocity Is
Determining Factor.
BY RAIDER WINGET,

Associated Press Financial Writer.
NEW YORK, March 9.-The old
argument of velocity VS.. volume" in
the part money plays in the field Of
American economics has been touched
of by the recent statement of Gov,
Eccles of the Federal Reserve Board
The velocity theory, which is the
one championed by Gov. Eccles, holds
that the rapidity Of spending deter
mines the degree of prosperity.
The volume theory is based on the
contention that more money is needed
by the people to insure prosperity.
Those holding to the velocity theory
point out that 500 spent one time
will move 500 worth of services OF
commodities one time. But If that
same $100 is spent five times. then
$500 worth of services or commodities
Is moved.
They contend volume of money has
little bearing on the prosperous state
of the Nation.
The volume of money currently in
circulation is S5,478,000,000 an
amount greater than that in circula-
ton in 1929 or 1880.
On the other hand, the volume
school holds that the volume of money
is expanded sharply during certain
seasons of the year, Christmas and
the first of the month, and that the
people during those times are rela-
lively prosperous.
Many economists admit, however
that when the word money is extended
to include credit as well as currency
then the volume school has stronger
argument, but, they add, not a con-
elusive one.
Most business is transacted in the
United States with credit, and there
fore some economists consider the
more than five billions of currency in
circulation as merely pocket change
When credit (Which by their deflni-
Evening star., 1935-03-09
EASTERN ROLLING
MILL LOSS seen
Total Deficit, After Depreciation,
Climbs to $347, 1853 Mark
During Year.
Special Dispatch to The Star.

Special Dispatch to The Star
BALTIMORE, March 9-Annual
. report of the Eastern Rolling Mill
Co. shows that operations for the year
1884 resulted in loss before deprecia-
ton of s163,380
After reserving s183,773 for de-
probation, total loss for the year
amounted to S347153. Loss after
depreciation for the year 1888 was
S277,e77.
In his letter to shareholders, Presi-
dent A. j. Hazlett says that most OF
the loss for 1884 occurred in the lat
. ter half of the year as a result of the
severe decline in volume of business
In the first six months. when two
thirds of the business was done, en-
couraging results were obtained con-
sidering the fact that the plant had
only resumed operations after having
been idle for 16 months, Mr.. Hazlett
explains.
The balance sheet shows total cur
rent assets of $878,225 and total cur
rent liabilities of S429,151.
Evening star., 1935-03-09
Brokers' Comment
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 9.-Brokers
were inclined to look for little more
stability in the stock market price
movement.
Frazier Jelke & Co-The market
appears to be lapsing into inactivity
with the price tone comparatively
firm.
Shields g. Co.-Unless there Is un-
expected change in administration
policies there is no need for haste in
long pull buying.
E. A. Pierce & Co.-Industrials and
the utilities are showing signs Of
ability to ignore continued heaviness
in rails.
Hornblower & Weeks-The market
structure has been warped and it re-
mains to be seen whether or not the
damage has been fully repaired
c. D. Barney g. Co.-There Is a
chance that a further rally will de-
velop after another day or so Of E-
regularity.
Evening star., 1935-03-09
Washington Produce

BUTTER-One-pound prints t93 score)
36; tub. 35; one-pound prints 80 scorel J..
:l5' tub. "a; one-pound prints tsS score).
"a tub. 33
MEATS+Beef. 12ao2; veal. I6a1S; lamb,
1Sa19; pork loins. 23a25; fresh hams 2oa
-; smoked hams. 3la33; strip bacon. .5a
81: lard l5l2al6: compound. l2s4al3l4.
Prices by the United States Bureau OF
Agricultural Economies: -
cent lower on United States Government
graded eggs barely steady on nearby
ungraded eggs. Current receipts, l9a20:
graded and dated white eggs: U. S.
extras. large 20; U. S. extras. mediums.
II IL U. S. standards. large, %.
LIVE POULTRY-Market weak and !
to > cents lower on fowl; supplies not
moving. Fowl: Colored. all sizes, l1al9:
Leehorns. 16aI7: roosters. 9al1. Winter
chickens: Mixed colors all sizes, l6a1S.
Spring broilers: Plymouth Rocks 23a24
Turkeys: Hens. 20a22; toms. 20. Capons.
B to d pounds, 81; Z to pounds, 24a2o;
slips, l0a20.
Evening star., 1935-03-09
TBONDS ON NEW YORK STOCK EXCHANGE
SIX NEW BANK OFFICES
OPENED DURING WEEK
,cialDisnatcb IN The Star

Special Dispatch to The Star.
CHICAGO, March Six new
banking offices were opened in four
States during the week, it is reported
in this weeks Banking Market issued
by Rand McNally & Co.
The report shows two new banks,
three new branch Offices and one
reopened bank which had formerly
beer operating under a conservator.
The institutions are located in the
States of Iowa, Kentucky, Michigan
and Texas.
The bulletin also reports four
changes due to mergers and consoli-
dations. two changes in title and
seven discontinued banking Offices.
Evening star., 1935-03-09
FOREIGN EXCHANGES.

). NEW YORK. March o lP-Foreien ex
.others in cents. Great Britain. demand
4 16ss. France. demand. 6.671a; cables
s6 S5l2; Italy demand. Sal: cables. Sal
'4o.13; Holland. 6s.57 Norway. "A 90
Sweden. "a .63; Denmark Il .:33 Finland
.Portueal ABS: Greece 095; Poland
10, Is; Czechoslovakia. 4o3; Yugoslavia
.s3l; Austria. 19.1"n: Hungary. 80 .05n
,tRumanla. OF; Argentina. 81 .S6n; Brazil
IS lin: Toxic. 2S;l2; Shanghai. 3S.62la
.tHongkong. 4S12i2; Mexico City (silve
peso, 27.s5; Montreal in New York
n-Nominal.
Evening star., 1935-03-09

tion is money is expanded. then the
business man can obtain the money
with which to do business. II credit
is contracted by high rates. they
state, then the business world will
not borrow so freely for its business.
In answer to that, the velocity
school cites the present bursting res
ervoirs Of credit to which the business
man apparently cannot be led.
Evening star., 1935-03-09
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 9.-Cotton fu-
lures opened barely steady, 2 to 8
lower under relatively lower Liverpool
cables and foreign selling of the late
positions. March, 1915; May, 1927;
July. 1892; October. 12.14; December,
1919; January, 1920.
Near months held steady. but for
eign selling of the new crop months
continued and there was scattered
liquidation May sold off to 1925 and
October to 1909 or about 3 TO 10
points net lower by the end of the
first half-hour. Selling was accom-
panied by comment on reports from
Washington with reference to the
proposed Bankhead bill amendment
and uncertainty regarding the posi-
bility of crop loans next season. Busi-
ness was only moderately active.
Evening star., 1935-03-09
U. S. TREASURY POSITION
BY the Associated Press

The position Of the Treasury on March
! was: Receipts. S1S.9U5. 2.33 IL: expendi-
lures. $50 04S. O99 80; net balance. So
O4s.00l .n4 %: customs receipts for the
month. S6.g14 1854
Receipts for the fiscal year (since July
u. 81 $50. 39l .S47.5 expenditures, "a :
6t1 .4So.031.1S Including S2.4l16Il.
6:5l 2S of emergency expenditures excess
assets. IS. 545 SEQ a13 9:}
Receipts for March 1894 comparable
date last year,. Sll3629 014 o.: expendi-
lures. S12l J 80 .353 Is; net balance S4.-
S54 .365. 80 90: customs receipts for the
month. $500 5no27 '
Reseipts for the fiscal year. 81 OIL .45O.
32l Al; expenditures S4315 1q6. 50 30
including 81 sos s47 81 rs of emergency
expenditures: excess of expenditures. 81 :
65i o5
Evening star., 1935-03-09
MOODY'S INDEX SHOWS
STEADY BUSINESS PACE
BY the Associated Press.

BY the Associated Press.
= NEW YORK, March 9.-Statistics
appearing during the last week in
dicated practically no change in busi-
ness activity, according to Moody's
index figures for freight car loadings,
electric power production, and steel
; ingot output.
These index figures are adjusted
for seasonal variation-that is, if the
change from the previous week
should coincide with the normal sea-
sonal change, the index figure would
be unchanged.
Evening star., 1935-03-09
ROADS PLACE ORDERS
:. FOR 8O6 FREIGHT CARS

BY The Associated Press.
NEW YORK, March 9.-Railroad
equipment orders in February, as re-
ported by Railway Age involved 806
freight cars. An order was placed for
one locomotive. but no passenger cars
were contracted for. There was no
equipment purchased for export dur
ing the month.
Evening star., 1935-03-09
IiyerpOoI Quotations.

LIVERPOOL. March Cotton. no
receipts; spot in limited demand prices
five points lower Quotations IN pence
American strict good mlddlinR. 1.65: good
middI!ng 135; strict middllng. 10: mid
ding. 7.o5; strict low middllng. $50; low low
yood ordinary. 6,I5. Futures closed steady
March, 6.S7: May. ESQ: July. GA; Oc-
tober. 6.5S; December $50; January. 6.5o.
Evening star., 1935-03-09
FOREIGN MARKETS.
By the Associated Press.

By the Associated Press.
PARIS.-Trading was sluggish and
prices on the BourSe were slightly weaker
today. The closing was heavy.
BERL1N.-Trading was active on the
Boerse today. and prices continued steady.
with an upward tendency throughout the
session. The closing tone was firm.
:: LONDON.-CloSed.
Evening star., 1935-03-09
Cottonseed Oil.

Bleachabie cottonseed oil futures
closed easy, March. l137b; April,
II. .40b; May, II .45b; June, II .46b; July,
1159; August. ll.60b; September,
11.63b Sales, SO contracts. Bid.
Evening star., 1935-03-09
SPIEGEL SALES HIGHER.

> NEW YORK, March 9 (P).-Febru-
,ary sales of Spiegel-May-Stern Co.,
Inc, totaled s1,617 PSI against $l,421,-
.846 in February, 1884, an increase of
.13.7 per cent.
Evening star., 1935-03-09

1928 weekly average 100.
tCoDyright. 1885, by Moody's)
Evening star., 1935-03-09
CHICAGO STOCK MARKET

CHICAGO. March Q 4S-FolloWlng is
the complete Official list OF TRANSACTIONS IN
stocks on the Chicago Stock Exchange
Evening star., 1935-03-09

Ohio Pub Ser Is A.. ll0 10 110
Ohio Pub Ser 7is as Ills. ll1A 1llA
Ore r r & n IS 46... 109 lO9 1O9
Ore W r r & n As 81 1884, lO3 IO3
Otis Steel IS '41.... SO 1874 SO
Evening star., 1935-03-09
Oriental Dew IS SO.

Queensland IS '47...
Queesland Is '41.....
Evening star., 1935-03-09

Futures closed barely STEADY. TO 10 II
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-01-10
The MARYLAND BIBLE SOCIETYS CORNER
'The Word of Our God Shall Stand Forever

| the land, for we are well able to over
come it." Crises bring to individuals
and nations their true tests Caleb and
Joshua met theirs like real leaders.
Having conquered fear in their own
hearts, they were able to inspire the
people with courage for conquest; but
this was not to be until after forty
years of wilderness wandering had
purged Israel of the generation that
lusted for Egypt, and new genera
ton, with eyes toward the future had
taken the places of those who were
forever looking backward.
This revolt of the Israelites, and
their refusal to go forward when the
prize was within their grasp, brought
Moses and Aaron nearer the point of
complete encouragement than they
had been in any of their former
clashes with their unreasonable
charges. Indeed the people were ready
to throw off the authority of their
divinely appointed leaders, elect a
captain and return to the banks of the
Nile-and slavery!
While Moses and Aaron were pros
trated upon the ground in utter hui
initiation, even for a season having
lost the power of prayer, Caleb and
Joshua rent their clothes, and with
this sign of deep feeling began their
address to the people, which ended
with the following expression of pro-
found faith in Jehovah: eff the Lord
delight in US, then he will bring US
into this land, and give it to US, land
which foweth with milk and honey.
Only rebel not we against the Lord,
neither fear ye the people of the land;
for they are bread for US; their de-
tense is departed from them, and the
Lord is with US: fear them not"
However, when fear gets strangle
hold upon a mob nothing in the nature
of argument can eradicate it. So, with
the mad impulse upon them to de-
stroy their leaders, they call upon
each other to stone Caleb and Joshua.
Hundreds of years later a far greater
than these lamented: 80, Jerusalem,
Jerusalem, how often would I have
gathered your children together even
as a hen gathereth her chickens under
her wings, and we would not!"
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-01-10
CALEB AND JOSHUA

Israel had now advanced to the Dor.
ders of Canaan whence they could look
over Jordan and see the land of thei1
future possession. The Lord spake unto
Moses, saying: "Send thou men that
they may search the land of Canaan
which give unto the children Of Is
rael: of every tribe of their fathers
shall ye send men, every one ruler
among them"
Accordingly the twelve tribal rep
resentatlves were dispatched, with
SPECIFIC directions as to their approach
and the nature of the report desired
Get thou up this way southwark and
go up into mountain, and see the
land what it is; and the people that
dWelleth therein, whether thew he
strong or weak, few or MANY: and
what the land is that they dwell in
whether IN tents or strongholds: also
whether the land be fat or lean.
whether there be wood therein or not
And be we of good courage, and bring
of the fruit of the land"
1t was the season when grapes were
ripening. After carefully noting the
conditions required in their report
they cut down a cluster Of cranes bv
the brook Edrol, which was so heavy
That two men bore it on a staff. They
also found figs and pomegranates in
profusion. The fruitfulness of the
country was abundantly attested but
the spies with but two executions
brought back a very discouraging re-
port. The minority members of the
expedition were Caleb and Joshua. of
the tribes of judah and Ephraim, re-
spectively.
The majority report praised the
land for it's fruitfulness, but counseled
delay in entering, because of the
Amalekites, the Hittites, the Jebu-
sites, the Amorites, who dwelt in the
mountains, and the Canaanites who
dwelt by the Sea.
Upon hearing of these warlike peo-
Piles, including the giants, children of
Anak-the people fell into an uproar,
but Caleb stilled the people, and said:
LET US go up at once and possess
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-01-10

against the calamity of an accumu-
lated deficit of five billion 1--WE have
now nearly tenn; that it means new
expenditure of four billion dollars for
public works, a further expansion,
through his social security plans, of
Federal agents, agencies and ex-
penses.
1t is said that under the redealt
New Deal the mistakes Of the origi-
nal New Deal are to be corrected,
that if the new cards take the tricks,
we need not bother about the cost and
the budget will balance itself if our
National Economy" is properly ad-
justed, as it is now to be. 1t would be
reassuring if this could be believed,
but there is a limit to what can be
taken on faith, and a very great deal
was taken last year. When you dis
regard the panegyrics of the politi-
cal panhandlers and analyze the
favorable arguments of the more de-
tached and disinterested, it is discon-
certing to find their strongest point
to be that it is better to do something
than nothing-to discover that the
almost WORKOUT phrase "laissez
fairie" is again used as the aibi for
another plunge forward along the
spending road.
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-01-10

At almost the same moment, in q
downtown tea room, a plump matron
suddenly exclaimed to her bosom
friend: "My dear do look at that girl.
Tearing out as though the place was
on fire."
"She was listening to you," re-
marked the even plumper friend, pla-
cidly slipping a frosted chocolate, "and
when you said Park Court Apart
ments' she just jumped out of her
chair"
So it happened that Don Biddle and
his new and very red-headed wife fell
into each others arms at the door of
a certain very much-talked-of apart
ment
"Oh darling, darling-I was
brutel"
"Dearest-I was perfect little fool.
I drove out to mothers for the night,
of course"
Suddenly they realized that the door
of their apartment stood open and that
from within there came forth q faint
but decidedly anaesthetic odor and
the sound of voices. In the kitchen
they found Miss Stern and the janitor,
intently examining a large wooden
crate.
"What's In it?' demanded Miss
Stern
"Tangerines shouted the Biddles
In chorus.
They're spelling on the bottom,
num-" announced the janitor, after
another Whit, "And I'm not saying
they don't smell mighty like this here
chloroform Miss Vera was a huntin'
for"
II suppose 1 should apologize" be-
gan Miss Stern belligerently.
"Oh, please DON'T" cried Peggy.
Indeed, we're most grateful to you,"
added Don. "Won't you please have
some oranges?"
The Republican. [volume] (Oakland, Md.) 1877-current, 1935-01-10
YOugh Boosters Meet

The Yough Community Boosters
met in the Selbysport school house on
Wednesday evening, January 2, with
Orval Frazee presiding.
Misses Ruth Lowdermilk and Olive
Frazee, committee on entertainment
presented the following program;
music, Carroll Forsythe; song, class
of girls; reading, Gale Green; poem,
Claudine Frazee; song, class Of girls;
poem, Ruth Lowdermilk.
The next regular meeting will be
on February 6.