davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-04-03
CORPORATE NET
GAIN PUT AT
41.9PCT.

NEW YORK, April 3.-More
than 1900 important corporations
have now reported earnings for
last year, showing total net in
come of $2.O29, 999, 900, a gain Of
41.9 per cent over the 1884 total,
according to the Standard Stats
tics Company, Of New York.
Net earnings Of 1,14S industrial
corporations were up Ats per cent,
to the highest figure since 1890,
although about 10 per cent below
that years level and about so per
cent below 1929.
Profits of 100 leading utilities
increased 1876 per cent, maintain
ing this industry's record for rela-
tive stability. The 1885 figure
was fairly close to the 1882 level
and likewise to the amount re-
corded in 1925. Railroad earn
ings, although small, made a bet
ter showing than in any of the
three preceding years, but were
much below 1881.
The Washington times., 1936-04-03
STOCK MARKET
IRREGULAR
AND DULL
By LESLIE GOULD

NEW YORK, April 3 UN.SO.
The stock market was dull and
irregular today with price changes
negligible. Rails, foods and oils
were generally improved, while
steels, coppers and motors were
slightly easier.
Union Pacific gained a point
while Pennsylvania, Delaware and
Hudson, and Baltimore and Ohio
improved fractionally.
Bethlehem was up point but
profit taking reduced this gain. U.
S. Steel was fractionally lower.
Chrysler backed and filled in a
one-point range fractionally to
either side. General Motors was
easier and Nash advanced mod
erately.
Run-ups of more than a point in
National Biscuit and Corn Prod
ucts stimulated the food shares.
Standard Brands was an active
feature on the upside.
Selling in International Nickel,
Anaconda, and Kennecott de-
pressed copper shares. Oils were
generally firm, Standard Oil Of
New Jersey and Texas Corpora
ton adding small fractions to
last nights final quotations.
The bond market was led up
ward by domestic industrial issues.
The Washington times., 1936-04-03

leading cities increased rapidly
In March and on the eight
zenith Of the month were
SIS million dollars higher than
four weeks earlier. OF this In.
crease 100 million dollars rep
resented . growth in holdings
Of direct and guaranteed obi
cations Of the United States
Government and 80 million
dollars an increase in other In
vestments. Security loans both
to brokers and dealers and to
others increased, and there was
. substantial growth in So
called "0ther loans" which in.
clude loans for commercial pur.
poses.
adjusted demand deposits
Of reporting member banks de-
clined by $40 million dollars
during the four weeks ending
March IL. Balances held for
domestic banks increased at
the turn Of the month as
banks in the interior sold
Government securities in New
York in anticipation Of maturi.
ties. During the week ended
March Is balances declined,
partly as the result Of banks
throughout the country pur-
chasing I'm the New York mar.
ket Government securities L.
sued on March 49,"
The Washington times., 1936-04-03
COTTON TRADE
TURNS DULL

NEW YORK, April 3 Q.N.S)
AS the cotton market settled
down again today to the duller
routine which was upset this
week, a tendency to discriminate
in. purchases, between the old and
new crop months, again became
evident. Although differences
were minor, the old-crop months
were relatively steadier than the
rest Of the market.
The trade was fixing prices in
the near positions and the CONT
nent, Liverpool and Wall Street
were buying. The South, commits
sion houses, and New Orleans
sold generally and one spot
house disposed Of 1000 bales OF
October in early trading, con
tributing to the easier tone OF
the market.
While profit taking on yester-
days gains was a factor in the
market today, the advance of the
previous session appeared fully
justified in the light of the
changing opinions of traders con-
corning the Smith bill. When
first announced a heavy selling
movement began in the market.
Reports are current that on this
bill of Senator Smiths the Ad'
ministration and the Senate Agri'
cultural Committee are in agree
ment, which was not the case
in the previous bill.
After including all items, ship
ping charges, etc., it seems likely
that the farmer who repossesses
his cotton from the Government
will be unwilling to sell it for
less than It's cents a pound
Towards noon May was quoted
at 1923 unchanged, July 1924
unchanged, October 1923 off l,
and December 1925 off 3 points
The Washington times., 1936-04-03

Clothing on March /, 1885, was
down four tenths Of per cent
from a month earlier and IL per
cent lower than on the same day
year ago, thereby touching the
level of August /. 1885. Food, de-
spite cold weather and it's retard-
ing effect on shipments, was is
per cent lower on March /. 1896,
than a month earlier, but 3.6 per
cent higher than on March /.
1895.
Wages and salaries were each
up one tenth of l per cent on
March l, over the same day in
February. Compared with a year
ago, wages were up As per cent
and salaries 81 per cent. Invest
ment income on March was SO
per cent less than on February l,
but 12.1 per cent higher than
March /, a year ago. Between Jan
uary l and February l, Of this
year, investment income rose 9.04
per cent,
The Washington times., 1936-04-03
OILS, UTILITIES
IMPROVE ON
CURB LIST
BY EDWARD KRICKER

NEW YORK, April 3 G.N.S).
Curb stocks improved moderately
in later dealings with the oils and
the utilities, both irregular at the
opening, firming appreciably.
Trading continued at a fair pace.
While some profit taking con.
tinued in the oils. depressing Gulf
and Root Petroleum, a number Of
other issues worked higher. The
Canadian oils advanced in good
demand, Imperial crossing the "a
mark on a fractional advance,
and International Petroleum net
ting almost a point. Red Bank
Oil, after an easier start, rallied
to show a small net gain.
Belated buying on improved
earnings yesterday lifted United
Light & Power preferred more
than two points in the power
shares. American Gas 81 Electric
preferred erased an early loss, and
Columbia Gas and North Amer
lean Power issues improved.
Changes in the mining list we're
again narrow on the whole. Sun
shine was well supported and
rose y point. Bunker Hill Sulli-
van Sagged a point.
Fractional advances were char
acteristic of the rest Of the mar
ket. Catalin Corp. was strong
and active, netting a full point.
Parker Rustproof, Novadel Agene,
Irving Air Chute, and Reliable
Stores improved their positions.
Bridgeport Machine reached q
new high on declaration Of an.
other dividend on accumulationS.
The Washington times., 1936-04-03
Building Permit Value
TrebIeS i'm I'D. e..

Building permits issued in Wash.
ington during February were 377
compared to BOT for the same
month Of last year, with a total
valuation Of $2,646,295 this year,
against q total valuation Of only
$843,000 for February, 1888, &C
cording to the monthly review Of
the Federal Reserve Bank Of
Richmond.
Washington retail department
store sales increased in sales in
February over the same month
last year Of 1872 per cent.
For the two-month period com.
prising January and February the
same sales here showed an in
crease Of 1873 per cent.
On the subject Of bank credit
the Richmond report states:
Excess reserves Of member
banks decreased by $50 million
dollars during the four weeks
ending March Is and on that
date amounted to 2,4OO million
dollars. This decrease reflected
chiefly q transfer Of funds Of
Treasury deposits at the Re-
serve banks in connection with
receipts Of income taxes and Of
cash payments for newly issued
Government securities.
Loans and investments Of
reporting member banks in
The Washington times., 1936-04-03
STEEL OUTLOOK
ENCOURAGING

Outlook for the steel industry
during the second quarter just
started is encouraging in the eyes
Of two Of the nations biggest
steel magnates.
w. A. Irwin, president of United
States Steel Corporation, and Eu-
gene G. Grace, president of Beth.
lehem Steel Corporation, described
prospects as favorable" and zen
couraging." Mr.. Irwin declared:
1--WE are running at about 60
per cent now and I think it will
be about the same or q shade
better for the second quarter.
The outlook Is favorable. We
ought to keep going for the next
couple of months at. least as
well as we are now"
Mr.. Grace asserted:
Gust at the moment the out
look is encouraging. Business in
this quarter ought to be the
highest in some time"
The Bethlehem Steel head also
declared that his company is run
ming at about so per cent of ca
pacity. He said he believed there
will be some railroad buying of
steel and that the flood situation
in the first quarter brought about
difficult transportation facilities,
but that this will be made UP in
the second quarter.
With respect to general con.
ditionS, Grace said:
There is certainly a greater
volume Of business than there
was"
The Washington times., 1936-04-03

Carolina, bushel baskets Porto Ricans,
75c@S1, according to condition.
strawberries-one Florida by express
arrived; 1 unbroken acr on track. Sup
plies light; demand good; market steady.
Florida, crates, 12hc per pint
TOmatOes-One Florida arrived; I
broken car on track. Supplies light; de-
mand moderate: market steady. Florida,
lug boxes, green, ripes and turning
wrapped, mostly fair to ordinary condi-
ton SKI 31.75@2. few best 32.25@2.5O.
Mixed Vegetablea-Two Texas arrived !;
broken and unbroken cars on
Lima Beans-suppIies light; demand
moderate; market steady Florida
bushel hamper" $3.50; fair quality
Green Beans-No carlot arrivals; no
cars on track. Truck receipts moderate;
supplies moderate: demand moderate /;
market steady. Florida, busheI ham
p I,s' green; flat type $3.50; fair cOndi
EEEpiant. okra and squash-suppllss
insufficient to quote.
.rd PspDerS-suplies light; demand demand mod
condition, So; Choice, $3.50, few So.
Observation-Disclosures stock: Supplies
moderate: demand slow; market dull.
Ohio and Indiana, S1.S5 per dozen.
mand light; market steady. Maryland,
S-lb. baskets, 5O@S5c: Opens. use.
Oranges-No carlot arrivals; l broken
and l unbroken cars on track. Florida
boxes $2.5OG4, according to grade and
size.
Grapefrult-one Florida arrived: I
unbroken car on track. Florida. boxes,
No. l. S2.25@2.75: No. 2. $262.5O
LemOns-CalfOrnia. boxes, No. !, $50
$50; No. 2, S5.2565.5O.
Kale-Virginiia, bushel baskets. 4Oc.
Hanover SalRd-Virginia, bushel bas-
kets. 5O@6Oc.
Turnip Greens-virginia. bushel bas-
kets soc.
ACKNOWLEDGEMENTS and Virginia,
bushel baskets, so q soc.
Radishes-South Carolina. bushel ham,
pers and crates, $1.25. fair condition, 81.
Observation-Disclosures, 5-pound cartons,
soc, fair condition 4O145c.
observation-disclosures, boxes, S2506
3.25.
Bananas-Two cars arrived: un-
broken cars on track.
South CarOlina-ls2 crates asparagus,
81 bushel baskets radishes.
CalifOrnla-4O Tugs avocados
North CarOllna-42 bushel baskets
broccoli, IL bushel baskets radishes
FlOFidR-l9 bushel baskets cucumbers
SIS bushel baskets lima beans, 10 Tugs
lines. Is bushel baskets parsley, %
bushal baskets okra. IS bushel baskets
peppers, Fl crates peppers, As bushel
baskets squash. Is 36-pint crates straw
berries, S2-quart refrigerators straw
berries. 146 bushel baskets green beans
IS 3O-lb. crates tomatoes, 100 S-lb. bas-
kets tomatoes.
The Washington times., 1936-04-03
u. 5. RADIATOR
SHOWS loss

United States Radiator Corp.
and subsidiaries for fiscal year
ended January 81, 1886, show loss
from operations of 1894, 1896 after
taxes, depreciation, amortization
Of debenture expense, interest, ETC.,
but before special charges.
After provision for certain spe-
cial reserves for inventory and
machinery obsolescence and for
contingencies amounting to $780,.
618 there was a deficit of $527,514
carried to. profit and loss deficit
account.
For the year ended Jenuary 81,
1895 net loss was reported at $464,.
4S1 after taxes, depreciation,
amortization, interest. etc.
Current assets as of January 81,
1886, including $225,506 cash,
amounted to $1,922,565 and cur
rent liabilities were $563.422 com.
pared with cash of $242,O43. cur
rent assets of $1,710,10O and cur
rent liabilities Of $135,4S1 on
January 81, 1888.
The Washington times., 1936-04-03
Real Income Declines
During Month

The average American took a
cut in real income during Febru-
airy to the lowest point since last
May, as a result of the rise in
housing costs. However, his real
income March l, 1886, remained
1.3 per cent above that of the
same day in 1885, according to the
current consumers study made by
Investors Syndicate.
The decline Of AZ per cent in
real income-that is the differ
ence between actual earnings and
living coSts-that took place be-
tween February / and March / of
this year, however, promises work
and wages in the construction
field. which. up until now. has
shared but slightly in the recov-
cry movement, the firm said.
While housing costs advanced. a
trend which has been in evidence
for the last year and augurs in
creased building activity, clothing
and food prices declined.
The Washington times., 1936-04-03
VIRGINIA RAIL
met LARGER

Virginian Railway Company and
its subsidiaries for year ended
December 81, 1885, shows consoli-
dated net income Of $4,143,337
after taxes and charges, equal
after 6 per cent preferred divi-
dends, to $7.88 a share on 312,715
shares of common stock, accord
ing to the pamphlet report.
This compares with net income
of $3,518,244, or $3.50 a common
share in 1884.
The 1885 report includes as
subsidiaries Virginian Terminal
Railway Company, Virginian and
Western Railway Company and
Loup Creek Colliery Company.
Consolidated balance sheet as
Of December 81, last, shows total
assets of $167,020,072 compared
with $165. 909,630 on December
81, 1884. Profit and loss surplus
was $25, 857,123 against $24,946,-
2o8.
The Washington times., 1936-04-03
TAX RECEIPTS
TOP ESTIMATE

Income tax collections for the
first nine months of the present
fiscal year were per cent above
estimates made a year ago, the
Treasury Department announced
yesterday.
Collections from July /, 1885, to
March 81, 1886. totaled 1,O44 mil.
lion dollars as against estimates
of 1904 millions.
Collections in March, which were
the first on 1885 incomes.
amounted to 412 millions, or one
million above the estimates. This
reflects an increase Of two-tenthS
Of / per cent above prior calcu-
lationS.
The Treasury expects to collect
1,434 million dollars by the end
Of the fiscal year, June 80, 1885,
as against actual collections in
the last fiscal year Of 1909 mill.
lions.
The Washington times., 1936-04-03
LIGHT A|RPLANE
OUTPUT RISES

Production Of light airplanes of
the privately owned type in the
United States increased approx.
mately "a per cent in number dur.
ing 1885, according to the Depart
ment Of Commerce.
The total Of all aircraft pro-
duced continues the upward trend
which commenced nj 1884, the de-
partment said.
Previous to that year, produc-
ton totals were on a marked down.
ward path. sinking from 6,193 in
1929 to 1924 in 1888. The total for
1884 rose to 1915 and in 1885 it
was 1891.
The Washington times., 1936-04-03
OUTPUT
GAIN BIGGER

Electricity production by the
electric light and power industry
Of the United States for the week
ended March % was 1857 ,093, 900
XVIII. compared with 1,712,863, 900
XVIII. in the corresponding 1885
week, an increase Of 90 per cent,
according to the Edison Electric
Institute.
For the week ended March 81,
output totaled 1862, 1877 900 XVIII.
against 1874, 763, 900 in like 1885
week. an increase Of so per cent
and in the week ended March IA
came to 1900, 1903, 900 XVIII. against
1,728, 323, 900 in the like 1885 week,
an increase Of 100 per cent.
The Washington times., 1936-04-03
Money Markets

NTw DIRK. April O.N.s.).-Bank-
ers' acceptance market remained quiet
with nominal rates Il per cent to \ per
cent for 80. so and 80 days; 4 per cent
to Il per cent for 100 days, and s. to
Il per cent for $50 and $50 days.
Commercial paper market was mod
erately active, with rate unchanged at
Of 1 per cent
Call money renewals were y Of I per
cent, unchanged.
The Washington times., 1936-04-03
Liberty National
Elects Vandoren

Directors Of the Library Ma
tional Bank have elected w. T.
Vandoren. for 10 years connected
with the office of the controller
of currency, vice president and
cashier, President M. F. Calban
announced yesterday.
The Washington times., 1936-04-03
Washington Stocks

AFTER CALL
Capital Traction IS 100000
901a; $1,0O0@901a; $1,O00@90h;
$l,000@9012: 500@9Oh.
Mergenthaler Linotype-25@43.
The Washington times., 1936-04-03

Montreal funds In New York. q
per cent discOunt,A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30

best known throughout the world,
smiled q faint smile and almost i'm
mediately relapsed into q sort Of sad
ness. After a second he began talking
again.
"Of course. we are going to have
prosperity again. Lots of 1t. But we
can expect some more bad depressions.
too. You see, most of the manufactur-
ers won't keep up with the times. They
don't replace good machinery with
better. But the machines are i'm
proving all the time. Why. right here
in Dearborn We could put in better
machines"
But didn't you just replace your
plant few years ago?" the interviewer
asked.
Eyes. The lathes are still all right,
but already the rest could certainly
be improved. The new machines
aren't made yet, but we know how
they ought to be made. Why don't
the manufacturers keep up with the
times? Why didn't the French fell
lows pay decent wages for shorter
hours so they wouldn't have all those
strikes?"
Mr.. Ford stopped, but his assistant,
William j. Cameron, answered:
That's the European idea, and lots
of fellows here have the same Euro
pean notions"
Financiers Hold Back.
Henry Ford moved about a little.
1.-THE manufacturers don't keep up
because their bosses, the financiers
in New York, won't let them. The
financiers get rich by wrecking in.
dustry. Once the damage Is done,
they turn to something else. High
Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30

profits, reduced sales and low wages
are their notion Of how to run q
business. And the employees soon
learn. It cost me q hundred million
dollars to get out of their hands. but
It had to be done" Mr.. Fords
eyes flashed for . second and his
voice strengthened.
what about the labor situation in
Detroit and Toledo?" the interviewer
continued.
I'VE have no trouble at Dearborn"
Mr.. Ford answered, with q touch of
pride, looking out on tine artificial
lake before the laboratory where We
sat.
But the labor leaders"
"Who are the labor leaders? They
come from New York, too. Who is
behind them? The same New York
financiers.
1.-The Black Legion, too?"
Just q handful"
Henry Ford is 70 years old. With
the passing years his interests have
tended TO shift. He still has the old
feeling Of patronizing indifference to
Europe, figuring that Americans can
do little to ease the European situation.
After listening to him, the interviewer
is confident there will be no second
peace ship. Even in European busi-
ness Mr.. Ford seemed little interested,
though proud Of his own plants. Ed
ward of England has, however, caught
his imagination as man who knows
his own mind. And he still has hopes
IN the Asiatic markets.
To-day the genius Of Dearborn seems
to be fascinated by the flow of earthly
things. In the company library are
stacks and stacks Of histories, along
with a vast miscellany that includes
the Book of Mormon, the Papal Index
and an analysis of American imperial
ism by Socialist.
Real Convictions Scarce.
VERY few people really ever reach
any real convictions" he explained.
The interviewer brought the CONVEX
sation back to the dangers of the
present, and somewhat unwillingly, 1t
seemed, the manufacturer Of one and
a quarter million motor cars in this
current year acceded.
1T will all come out right In the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30
Shave in Self-Serve Shops.

Moscow, Russia, has opened self
serve barber shop as an experiment.
In quarters formerly occupied by-an
old-style barbering establishment
comfortable chairs have been lined
up before washstands and long mir
rors. Customers are invited to sit
and shave themselves for a nominal
sum. The only barber present Is
Nina Saveiiyeva who is called an "in-
structor." Her duties require her to
see 20 it that patrons wash their
hands before shaving and receive the
necessary supplies. Also. she is
pleased to instruct the inexperienced
how to do an artistic job. 1t is likely
that more shops Of the kind will be
established, a vote of customers
showing that most Of them approve
of the new method.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30

long rum" he said. But things will
be different. 1t isn't the events that
count. It's the opportunity for human
experience"
Somehow, he looked even frazier
than usual, Under his sun-brown skin.
Politics seemed remote. More inter-
esting to him was the show village Of
Dearborn he has created, with its In.
creasing number Of reproductions Of
historically famous American build
ings.
I'VE know 1t must all come out right
In the long rum" said the friend Of
Thomas Edison, wriggling q little on
his chair.
Meanwhile, the short run may be
somewhat less satisfactory" the inter-
viewer felt impelled to remark.
That's Just it," Mr.. Ford agreed.
1T changes"
Was he thinking Of the new Lincoln
Zephyr, the N. r. A., or the possibility
that Roosevelt might carry Michigan?
II can't conceive Of his carrying
Michigan" he affirmed with evident
conviction.
And with a promise that the inter-
viewer would always be welcomed. the
most influential figure Of the age
quietly withdrew to his wanderings
through the great offices that are his
work.
(Copvvtvht 1oaR nv IN. Novth Amsrtrs,
Newspaper Alliance. Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30
Roosevelt -Four Years More
Inconceiuable, Says Ford
President dependable, Declares Manu-.
facturer, Fauoring Landon as
Opposite Type.

Henry Ford tells here his reasons
for supporting Coz. Ldndon in the
presidential race and ofpes his
uieps on industrial progress and
the European situation in an inter
DieD obtained by an eminent
journalist Who received the 1888
Pulitzer award for distinguished
foreign correspondence. Later, the
Uriter, uho Dds president OF the
Berlin Foreign Correspondents
Association. tDas expelled from Ger
MANY BY the Hitler regime.
BY EDGAR ANSEL MOWRER.
DETROIT. October 80 (N.ANA).
Il just cannot conceive having
Roosevelt for another four years"
Whereupon Henry Ford uncrossed
his legs, crossed them again, fumbled
with tiny plaid-bound book and re-
sumed:
"Once Roosevelt had taken office, I
offered him my cooperation, But I
found it impossible. You just cannot
depend on the man for anything.
"The Government! But who is the
Government" And without waiting
for an answer, he continued In a
voice so low that it was almost in
audible:
"That sort of thing may 60 in Eu-
rope, but we just aren't that sort Of
people.
But Landon is different. met
Landon here and We got on fine. You
remember when Coolidge was Presi-
dent they used to 60 in and ask him
all sorts of silly questions about how
to do this and do that and he never
answered a word, he just grunted.
And they had to go back home and
tend to their own business without
any butting in from him. Landon is
like Coolidge. am for Landon. I
haven't voted for 20 years, but am
going to vote this time. For Landon
and for Knox. Now there's vigorous
fellow. I met him two years ago at
Alma, Mich, where he went to school.
No Vice President has ever got out and
campaigned the way he is doing. He
is going to have something to say
about the way we run the country.
He and Landon are just a pair of
honest-to- goodness Middle Western
ers."
Different Vice President.
The Vice President attends cabinet
meetings, to be sure" admitted the
interviewer, but isn't he expected to
keep his mouth shut?"
Knox won't keep his mouth shut, "
Mr. Ford chuckled.
Suppose Mr.. Roosevelt should be
reelected" the interviewer insisted.
What would happen to the country
them"
II just can't conceive it, but If he
is, we'll just have to carry on the
fight. I don't believe in that sort Of
interference"
The most representative American Of
the last 40 years. and probably the