davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-12-31
TIN PRICES IRREGULAR
THROUGHOUT PAST YEAR
(By CAMBRIDGE Associates.)

(By Cambridge Associates)
On January 1, 1896. the price for
tin stood at .472 cents. Price action
over the past IL months has seen
some interesting developments. The
price now is in the neighborhood Of
so cents in striking contrast to the
low point near the Accent level in
midyear.
A great wave Of speculative buying
was the chief factor behind this sud-
den price rise, a wave of buying, which
in turn came with the renewal of con-
troll agreements. The high price point
for the year was reached on November
9 when the level was .535 cents.
The proposed production schedule
should have no difficulty in coping
with world demand. This Is true even
though there has been a generally in
creasing rate Of consumption that will,
In all likelihood, continue.
Evening star., 1936-12-31

gain. Tin and antimony followed
with 8 and 9 per cent gains respec-
lively. Zinc was per cent ahead.
Heavy demand from corporations
hard pressed to fill the biggest back
log Of orders since recovery got under
way was the key factor to this upturn.
War Scares Lift Prices.
European war scares and incidental
armament manufacturing caused large
buying abroad. Price boosts followed
each other in rapid succession in for
eign markets, and soon were reflected
here.
The fact that most of these metals,
other than iron and steel, were mined
under agreement, tacit or written,
among key producers abroad to keep
output down was contributing factor.
The squirt in heavy industry-elec-
trical equipment manufacturing.
building, automobiles and parts-also
gave quotations an upward shove.
Copper Trade Cautious.
Copper was boosted cautiously by
QOmeStlc producers, VINO permltteO
quotations abroad to soar far above
prices here before making an upward
adjustment.
Trade sources advanced two potent
reasons for this move: it permitted
some testing of demand at the higher
level so that no markdown would be
necessary; and producers SHE'D from
higher prices, being somewhat fearful
that they would cut into sales and
stimulate competitor from other
metals.
Early in the year tin suffered twin
ills-slower demand from can manu-
facturers, the principal users. and ru-
mored disagreement among Leading
world producers, principally Siam,
over allotments.
With the trouble ironed out by Mid.
summer, however, tin snapped ahead
for a 80 per cent gain in the last six
months.
Lead forged ahead steadily through
out the year, demand expanding apace
with industrial activity. Zinc nudged
forward moderately.
Evening star., 1936-12-31
LEAD PRICES GAIN,
CONSUMPTION RISES
November Figures at Highest
Level Since 1930-Market
Due to Stay Firm.
CBy CAMBRIDGE Associates J

10Y ShHlDIiQkc hssOClHtcSD
Following II months Of expanding
production, but even faster expanding
demand, lead prices late in November
reached the highest level since Octo-
Der. 1880.
Currently, partly under seasonal
influences, demand appears to be
falling of slightly, but the statistical
position of lead is such that it is be-
lieved prices will remain firm at pres
ent levels well into 1897 at least. Buy
ing In anticipation Of the increase
also, of course, tended to bring up
the inventories Of consuming estab-
lishments. but this appears only as q
temporary factor. since lead is now
rapidly entering consuming channels.
In spite Of the greater 1886 produc-
ton. lead stocks in the last quarter
dropped to the lowest point attained
in a corresponding period since 1888.
The important question now Is whether
the recent price rise is sufficient to
bring In enough marginal producers
to threaten the statistical strength.
Earlier in the year price increases
stimulated production substantially.
The expectation that the market will
continue firm is based on the belief
that consumption will continue to ad-
vance with production.
Evening star., 1936-12-31
PACKERS RUSHED
BY BIG RECEIPTS
Drought Forces Marketing.
Supply Of Meat Larger
Than Expected.
BY G. F. SWIFT,
President Gv{ff L. ~

The meat packing industry has had
q busy year. The supply Of meat was
larger than generally thought possible
IL months ago.
The crops Of 1885 had provided large
feed supplies. so that the cattle and
hogs coming to market in the early
part Of 1886 were heavier than in the
preceding year, and the shortage OF
feed which followed the Midsummer
drought forced farmers to market q
much larger number of their animals
than would normally have been ex-
pected.
The United States Department Of
Agriculture anticipates that there will
be a marked decrease in the number
and weight of live stock coming to
market in 1887.
Owing to the reduced feed supplies,
1t is expected that fewer fat cattle
will be available; also that the number
of cattle, calves and hogs coming to
market will be smaller.
On the other hand. the marketing
of lambs may not be greatly different
from that of the past year. On the
whole. the meat supply is expected tc
be less than it was this year.
Business conditions in general have
continued to share in the world eco
nomic recovery which has been under
way since 1882.
Economic trends through 1896 have
been toward a better balance between
the parts of the world economic ma
chine.
The outlook for 1887 Is favaroble,
but it is no time for letting optimism
carry US away from the course of rea-
son, since there are still many sources
of maladjustment to be disposed Of.
Evening star., 1936-12-31
BUILDING GROUPS
GET LARGER SHARE .
Receive Increasing Portion
of Mortgage Business
During Year.
BY MORTON BODFIsH,

Exeeutiys ,,,yi Xies President; United states
Currently, savings. building and loan
associations are doing . greater portion
Of the total home mortgage lending
In America than at any time in their
previous l06 years Of activity. The
other billion-dollar years In their lend
ing history, 1923-1929, were periods in
which residential contracts hovered
around the $500, 600, 900 mark.
This year 1t Is estimated that some
$500 100000 in new residential con.
tracts will be the full count. but saw.
ings, building and loan activity Is at
its billion dollar level.
The explanation is, Of course, that
the refinancing Of existing mortgages
and the transfer of mortgages on ac-
count Of the sale of homes to new
owners is bringing more business to
the savings, building and loan asso-
Citations than it ever did before, and
in the meantime they are doing prob
ably larger portion If the new resi-
Dental financing than at any previous
time.
This Is the most startling fact or
figure in regard to this thrift and
home financing business today. 1t
presages future of expanding service
and importance for these institutions,
unless something entirely unforeseen
looms up.
And it arises directly, We feel, from
the efforts which have been made in
the past five or six years to modernize
the methods Of the business to meet
modern demands.
The old fundamentals of the month.
ly repayment Of the loan and a suf-
f1ciently long period for the loan to b,
paid off have been retained and around
them have been centered new devices
and attractions to serve the borrower.
Evening star., 1936-12-31
PAPER AVERAGES
10 PCT. PRICE GAIN
(By Cambridge Associates.)

tBy Cambridge Associates)
Paper prices averaged gain of nearly
10 per cent in 1896, but are still far
from pre-depression levels, and, for
that matter. still below high mark set
in the late months of 1888. The chief
factor in keeping paper prices in check
is competition.
Producing costs are higher all along
the line. Chemical pulp, rosin and
casein prices have advanced and sub
stantially higher labor costs are in the
ofdng. The prospect is that, with these
considerations. increasing firmness in
paper prices will be shown in 1897.
Consumption is growing, but there
Is still excessive productive capacity.
On the other hand reserve stocks are
not high and forward buying in antici-
patton Of price increases might well
cause stringency in certain types dur
ing the early part Of 1887.
Evening star., 1936-12-31
AVIATION PRODUCTION
AND JOBS UP SHARPLY

4S the Associated Press.
Substantial increases in employ
ment. wages and production of the air
craft manufacturing industry is re-
ported by the Census Bureau.
The industry's products last year
exclusive Of engines, are listed at
$45,347,000. an increase Of II per
cent over 1888, the preceding census
year.
Wage earners numbered 11,3e4 last
year, an increase of 45.6 per cent,
and wages totaled s14,s92, 900, a rise
Of AS per cent.
Evening star., 1936-12-31
BOOSTED
BY HUGE DEMAND
!
Climb Sharply as Best In.
dustriaI Year Since 1929
Closes.
BY A. A. PATTON,

NEW YORK, December 31.-Fodder
for the hungry NAV of fast-stepping
industry, non-ferrous metals climbed
sharply in price as the best industrial
year since 1929 came to close.
Copper, late in the year, touched II
cents pound, rise of 10 per cent
from the years opening quotation at
9.25 cents. Lead had an 18 per cent
Evening star., 1936-12-31
BUILDING MATERIALS
MARKET SEEN FOR u, S

By the Associated Press.
Saying that the United States
Should sell more construction and
building materials to South Africa, !"
the Commerce Department adds that
British traders have the advantage
in that market at present.
Although the British have "culti.
waited this market for many years."
the department says, American ma
terials are well and favorably known
because of their superior quality"
Evening star., 1936-12-31

These commodities all sank to
prices from one-fourth to one-third
of the 1929 levels during the depres-
sion, giving ample justification for the
stand taken by the present admins
tration (and the one preceding it)
that the agricultural situation needed
special attention. Agriculture un-
doubtedly still needs attention, and is
being given it in the shape of soil
conservation checks totaling over
S400.0 100000, now in the process of
distribution. But if prices such as the
above hold at their present levels for
any period, the industrial population
will need a breathing spell" to catch
up with the farmer
Cotton Prices Still Low.
Such prices do not represent the
whole farming picture, however; cot
ton prices are still only two-thirds of
their 1929 levels. The domestic boom
in the consumption of cotton is not
accompanied by corresponding de-
.mand for American cotton in foreign
markets.
Heavy steers are selling today for
approximately S11 per hundredweight,
as against over SIG in 1929, and sugar
now sells for 48 cents per pound in
stead of SIS cents. Cotton and sugar
are still far from shortage levels, ex-
cept those artificially induced for the
latter by import restrictions.
Looking at the immediate past in
stead Of the possible future, the
United States farmer continued to
burrow his way out from under at
about the same rate as in the previ-
Gus three years.
But with the important exception
that the increment of income added
In 1896 was less important to his very
existence. and more important to his
ability to invest in new capital equip
nlent, than in any of the three previ-
Gus years.
Total income from the sale of farm
products, according to the Bureau of
Agricultural Economics, rose by ap-
proximately billion dollars, bringing
total receipts from benefits and sales
to about $7,800,O00,0OO, an increase
OF II per cent over 1885, 78 per cent
over 1882. Gross income for 1929 was
in excess of $4,000 100000.
U. S. to Regain Export Markets.
These figures point to the forest
instead of the trees. Drought condi-
tions in many areas restricted incomes
OF individual farmers and enriched
more fortunate ones. The natural
hazards of agricultural pursuits are
not conquerable, but partial allevia-
ton of the distress caused by these
hazards has been construed as the
obligation OF the Federal Government.
This policy has possibly delayed re-
adjustments in the system to meet
new conditions, but it has greatly re-
lieved the shock Of sudden change
and the human suffering entailed.
The Department of Agriculture does
not contemplate pursuing a policv
which will discourage production of
grains In the coming year. With the
resumption of more normal trade re-
latlons between countries, there is
little doubt that the United States
Will regain her former position as a
major exporter Of agricultural COM
modities, since, in the last analysis.
the agricultural lands of this country
are better suited to such production
than much marginal land now being
devoted to the purpose at great cost
to foreign governments. Furthermore,
mechanization of the farm Is more
advanced in this country han In any
other nation producing for the
worlds markets.
Evening star., 1936-12-31
WHEAT EXPORTS CLIMB
FAR ABOVE 1895 MARK

By the Associated Press.
Wheat exports between July l and
December 10 are reported by the
Commerce Department at 1.674 900
bushels, compared with $4,000 bushels
for the same period last year. I'm
ports of wheat from Canada for con-
sumption during the period this year
totaled 22,539,000 bushels, compared
with 17,977,0 900 bushels last year.
Evening star., 1936-12-31
FARMER in SADDLE AS SHORTAGES BOOST COMMODTTIE
EUROPEAN Nations
CALL FOR IMPORTS.
All Consumers in U. S. and
Entire World Watch
Sharp Advances.
(By Cambridee Associates.)

Closing the year on an extremely
bullish, but somewhat dlSconcertlng
note. agricultural news for 1886 was
replete with high points and continues
to command attention from all con-
isumers in this Nation and through
out the world.
Despite heroic attempts to stimulate
production of farm commodities IN
almost every important nation, sew
eral European countries were forced
to admit in December that they would
be forced to call upon major grain
producing nations to an extent that
threatens to reduce carryovers to dan
gerously low levels.
As a result, food costs threaten to
arise alarmingly throughout the world.
and the farmer promises to be in the
ascendency for the first time since
the World War.
Prices have not yet fully reflected
the shortage, but judged from stand
ards of 1929 they are already out
distancing industrial commodities and
causing expressions of concern from
representatives of the New Deal, who
only short time ago voiced deter
mination to lift commodity prices to
the normal levels of 1926.
Comparisons Offered.
The tabulation below shows prices
of several of the commodities most
affected, in comparison with prices at
their peak in 1929:
Evening star., 1936-12-31

accounted for only 40 per cent Of
the total.
Even more than in the case of resi-
DENTAL building, there is vast room
for expansion Of industrial and public
utility construction. In both cases,
and particularly the latter, extensive
productive facilities we're built up In
1928, 1929 and 1880.
Evening star., 1936-12-31
Rail Investment Huge.

The total property investment as Of
December 81, 1885, Of Class rail-
roads in the United States was $25.-
ia, 4,360. 900.
Evening star., 1936-12-31
Oil Output Jumps.

Venezuela oil production Is at . new
high. s--.-.z.- -
Evening star., 1936-12-31

Duty on Apples Cut.
Norway has reduced the duty on
apple imports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
Other livestock
BY limited Press

lBY United Press
a E4a Se AT oxer 5 tn ioo Fe Sshs4 Is9ss
lbs $40 7o 225-25o lbs sio55: $3.50 25o27 Hy ibs
sig. 40; 275-300 lbs. s1o.25: 300-350 lbs. SO
ooiSO lbs sio fou l5Si4G ss7 u.s. s sa3S
stays. 81: steady: CAVES s12. 81 higher:
:. LAFAYETTE, j md nd Feb. 3gogs-Mag-
SIS S Seaa SG 0: as5aso 6s 2ls
@1o-5o; 26o-3o0 lbs. slo@lO20: 30O-325
lbs. S9S5; 140-l70 lbs. s102 q 10. so: 100
lao lbs. s9.5010: roughS. 1925 down
Calves, SOC lower; top. sll; lambs steady:
fBy Times Specian
LOUISVILLE Feb. 17-Cattle-R Receipts.
1900. including about 200 direct; salable
supply slaughter cattle light; demand fair.
market moderately active. fully steady
with close. last week: bulk common to me-
few better finished offerings. SITS and S.
with good fed offerings ouotable higher:
oulk eeef cows, S5q6: good kinds and
smooth heifer types ouotable to around
G4.75: bulk sausage bulls. $500 $50, de-
sirahle butcher bulls higher: most light
beef type stockers and stock calves S6G g.
CalveS-Receipts. $50. including so direct:
market not fully established: most bids
for good to choice grades: most medium
vealers considered salable. So 50n 9 so:
palmer sorts. IS down. Hogs-Receipts
100. including 375 direct. market 15c
Friday: better iso-225 lbs. slo.85: 2so-s5o
lbs. Sl0.55; 255-300 lbs. $40 sos lbs up
Sa.55: i20-l55 lbs. S9.75: sows. SIS. Sheep
Receipts. IS; generally steady on all
lambs ouo stable mo mos,! y ssaeso: CHOICE
eligible higher, palmer grades mostly S. so
q $50 st ewes mostly 81 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
OUTLOOK FAVORABLE
FOR OIL INDUSTRY
1886 Prospects Best Since
Depression Started.
Times Special

| 4 tHICS NpGClUJ
NEW YORK, Feb. 1.-THE pc
troleum industry begun 1886 with
the most favorable earning pros
poets since the beginning of the de-
preston, according to the Standard
Statistics Co. 1t is too early 10
make even a tentative forecast of
results for the year, but, if present
possibilities are realized, earnings
may equal or exceed those of 1880,
which were second only to 1929 in
the history of the industry.
The favorable outlook rests upon
the further strengthening of the
statistical position, resulting from
additional gains in consumption,
particularly of gasoline, and contin-
ued restriction of production. The
combination is causing a moderate
recovery in prices to the best levels
in years.
Although the trend of crude oil
production was steadily upward dur
ing 1885, consumption increased at
a faster rate, permitting a reduction
OF 22,300,000 barrels in stocks of
crude oil during the year, accord
ing to estimates of the American
Petroleum Institute. Total supplies
reached approximately the lowest
level since 1922.
Domestic consumption of gasoline
in 1885 was around 435. 100000 bar
rels, or g. per cent above the pre-
vious record established in 1884.
Early computations of 1885 demand
indicate that this trend will be ex-
! tended.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
SWINE MARKET
TURNS uneven
Prices Steady to 10 Cents
Lower; Cattle, VeaIS
Also Weak.

With hog receipts the largest
since last Tuesday, despite unfa-
vorable weather conditions, porker
prices turned irregular today at the
indianapolis Union Stockyards. The
market was steady to largely 10
cents lower than Saturdays best
average.
The liberal supply was estimated
at 5000, exceeding Saturdays figure
by 4000 Larger shipments also
were reported from other livestock
centers in the Midwestern area,
comprising II major markets. This
reduced demand at the local eX
change and the top price slipped
down to $11.10. Holdovers num-
bered SO.
The general bulk of 100 to 225
pounds cashed in at $10.95 to $11.05
while medium kinds, scaling 225 to
40 pOuIluS, UIOuSIlG p1o.to "
$10.85. Extremely heavy matured
grades, from 275 to $50 pounds, sold
at $685. to $1025. Lightweights
scaling 100 to 100 pounds, were
salable at $1025 to $1075. Packing
sows held at $3.50 to 1925.
A weak undertone prevailed in
the cattle market, resulting mostly
from low-grade quality, especially
steers and heifers. Cows and bulls
were steady, with most steers valued
to sell downward from $3.50. Few
heifers brought 49, Bulls sold at
$3.50 to $6.75. Receipts numbered
1900.
Vealers continued to display a
weak undertone, with the ma jority
around so cents lower than Satur-
Gay. The bulk of good and choice
grades sold at $1150 to $12. Re-
ceipts we're GOO. The lamb market
was undeveloped and supply con-
sisted mostly of fed Western grades.
No bulk price was established. Re
ceipts were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
STOCK MARKET
WEEK IN REVIEW
By United Press

By United Press
NEW YORK, Feb. 17.-Stocks
made new high in the average
since 1881 last week, 40 representa-
tive bonds hit new top for all
time, and commodities were at new
highs in the United Press index.
A slight pickup in heavy indus
tries that was reflected in better de-
mand for the steel shares ard an
almost imperceptible but definite
rise commodity prices after long
period of stagnation came when in
flation talk was apparently subsid-
ing. Currency imitation prospects
seemed more remote, although inf1a-
ton credit appeared to be gaining
Roadway
There was slight pickup in brok-
erage loans which reflected a bit of
increase in buying by small specula-
tors. But the general business of
the Stock Exchange continued to be
done by investors who took stocks
for cash.
Gold continued to leave the coun-
try early in the week, but sudden
upturn in the dollar checked fur
Their shipments.
Electricity output gained and so
did most of the other major indices.
Automobile reduction turned up aft
er its recent series of setbacks ard
Chrysler along with several others
of the motor division mounted to
new highs. Building gains were
noted in many sections.
The real feature of the stock
market was rise to new. highs for
more than a year in the steel divi-
sion, where the old favorite, United
States Steel, stood out American
Telephone starred in the truly in
vestmert issues, by rising to new
high since 1881.
Railroad shares had their period
of strength and so did the utilities.
Oils were firm for time, but they
lost their snap. Late in the week,
the coppers started up sharply as
Phelps Dodge Corp. increased it's
selling price for copper metal to
91a from 81 cents a pound.
Aviation issues had their periods
of strength and activity and most
of them moved into new high
ground. Chemicals picked up. ,. Su-
gars were better. Automobile equip
ments followed the motor shares
into higher ground.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
JANUARY TRADE
IN INDIANAPOLIS
IS NEAR NORMAL
City Only Five Per Cent
Below Line Report
Reveals.

indianapolis was among the 46
cities of the United States that
were closest to normal at the end of
January, according to the monthly
survey of business in lat trading
areas conducted by the research di-
vision of Brooke, Smith g. French,
Inc, Detroit advertising concern.
AT the end Of the month Indi-
annapolis stood only per cent below
normal. This represented an in
crease Of 2 per cent over the pre-
ceding month, December, and a
gain of IL per cent over January a
year ago.
Sixty-three of the lat trading
areas of the United States showed
business gain in January, IS re-
NAMED the same and IS lost
ground, but only slightly, according
to the report.
National Index Declines
At the same time the national
index declined per cent, due chief
ly to the fact that the auto
mobile industry put its new cars on
the market two months earlier than
usual, depriving January of the
stimulation that normally comes at
that time.
However, the January, 1896, ma
tional indeX-21 per cent below nor
mal-may be compared with 33 per
cent below for January year ago.
the survey reveals.
January business gains were wide
~ scattered throughout the coun-
try. New England, northern New
York states, northern New jersey
and the Pacific Coast, together with
the Southern oil areas, showed the
most outstanding improvement.
Other Cities Listed
The greatest January gains were
registered in the following areas
with indexes improving 5 per cent
or more:
Albuquerque, Augusta, Ca; Bing-
hamton, N. Y; Camden, N. j.; Fort
Wayne; Houston, Tex; Joplin, Mo-:
Los Angeles; Lynchburg, Va; New
ark; Philadelphia; Portland, Me;
Pueblo; Rochester, N. Y; Shreve-
port, La; Springfield Mass; Tampa,
Fla; Topeka, Kas.; Tulsa; Wichita
KaS.
These areas we're closest to nor
NAL in January:
Indianapolis; Albuquerque, N. M;
Austin, Tex; Bakersfield, Cal; Bal
timore; Bangor, Me; Beaumont,
Billings; Boise; Charleston, w. Va;
Charlotte, NJ c.; Cheyenne, Wyo;
Colorado Springs; Columbia, S. c.;
Columbus, O.; Dallas; Denver; De-
troit; Green Bay, Wis; Greenville,
S. c.; Harrisburg, Pa; Hartford,
Conn; Houston, Tex; Jacksonville,
Fla; Lynchburg, Va; Manchester,
N. H.; Miami; Milwaukee; Nashville,
Tenn; Oakland, Cal; Peoria, Ill i;
Phoenix, Ariz.; Portland, Ore; Reno
New; Richmond, Va; Shreveport
La; Spokane, Wash; Springfield
Mo-; st. Paul; Terre Haute; Wash
ington, D. c.; Wilmington, Del;
Winston Salem, N. c.