davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-12-01
MerrieSt ChriStm 6
In Years Expected

NEW YORK, Dec. with
purchasing power at a new post
depression peak, the nation is
looking forward to the best holi.
day season in years. More jobs
higher wages, rising national in
come, and increasing goodwill
throughout the country assure a
Merry Christmas, and strengthen
hopes for q prosperous New Year
Banking, American Bankers AS
ISOLATION publication, points out
adding:
"The restoration Of Santa
Claus to his traditional OpuIence
Ia, Of course, the climax to a
year Of improvement. To what
extent the accomplishments of
this recovery period have been
artificially stimulated remains
for future determination; at
the moment, however, there is
a decided surplus in the profit
and loss account.
Especially significant, it
would seem, is the spirit Of the
country, its willingness to work.
Fundamentally, the, record Of
business achievement during
recent weeks contains few
changes. Indices Of industrial
activity have held around the
highest points since 1880; COM
modify prices have touched six
year tops; retail buying has
continued strong, and the secu-
rity markets made impressive
records.
FULLER PAY ENVELOPES
"MOre specifically, corporate
prosperity is manifeSting itself
in practical ways-fuIIer pay
envelopes, for instance, and gen.
erOuS dividends. Regardless Of
the economic wisdom of the
undistributed profits tax, its
operation in conjunction with
improved earnings is pouring
money into the Christmas stock
The Washington times., 1936-12-01
.11-Month Offerings
Increased in Canada

Total offerings of Canadian
bonds in the first II months
amounted to $751,O47, 1895 COM
pared with $685., 1886, 400 in the
same period of last year, an in
crease of $164,661 1895, according
to the Dominion Securities Cor
poration.
November offerings. however,
amounting to $11,491, 100, were
lower than in November, 1885,
when the Dominion of Canada
sold an issue of $75,000,000.
Governmental financing this
1923 on January l to $606 on No
vember 80. Other November 80
prices were: New York, $416;
Buffalo, $425; Philadelphia, 1898
and Pittsburgh, 314.
The Washington times., 1936-12-01
D. {. MEN LEAVE
FOR FARLEY

A number of Washington bank
ers are scheduled to leave to-
night for the Investment Bank
ers Association convention at AL
gusta, Ca, December 2-6. Among
those planning to attend are the
following:
Y. E. Booker, of Y. E. Booker
and Company; William Miller,
Brown, Hartman and Company:
George M. Ferris, of the invest
ment firm by that name; James
P. Nolan, Folger, Nolan and Com
pany; James H. Lemon, James M.
Johnston and Company; William
w. Macklal, jr., w. w. Mackall
and Company, and Kenneth S.
Wales, of Kenneth S. Wales and
Company.
The Washington times., 1936-12-01

NEW YORK, Dec. Three
forum discussion conferences for
bankers will be held early in 1887
under the auspices of the Amer
lean Bankers Association, it was
announced here today by F. N.
Shepherd, executive manager of
the association. The first meet
ing takes place in Pittsburgh,
January % and 20, at the William
Penn Hotel.
Portland, Oregon, will be host
to the second on February Is and
26, with sessions at the Masonic
Temple and headquarters at the
Hotel Portland. The third con-
ference is scheduled for Atlanta,
Ga, March Is and 26, at the At
lanta-Biltmore Hotel.
The purpose of these gatherings
is to provide opportunity for an
exchange of ideas on current bank
ing methods and practices. Mr..
Shepherd said, pointing out that
in an address accepting the presi-
dency of the association at San
Francisco last September, Tom K.
Smith expressed the conviction
that "the most urgent problem
confronting our profession today
is the adaptation of our profession
to changing economic environ
ment."
The programs Of the three meet
ings, now in preparation, will
bring out what banks are doing
and can do toward meeting that
problem, it is stated. Subjects for
discussion will include banking
studies and research.
President Smith has made &C
tivities in these fields one of the
major detectives of his admins
tration, defining research as "the
effort to find out what we should
do when we cannot keep on doing
what We have done BEFORE" the
conference announcement says. It
quotes him further to the affect
that 1--WE must now take stock of
our resources and determine how
in this rapidly changing business
and economic order we can best
serve the interests of the depoSitor
and borrower.
The Washington times., 1936-12-01

l railroads, representing 96.4 per
cent of the total revenues in the
Western District, had q net rail-
way operating income of $33, 1884,
328 in October compared with $780,
512,324 one year ago.
Operating revenues of the Sc
railroads in the Eastern District
amounted to $192,270,382 in O.
tober, this year, compared with
1854, 782,255 in the same month
one year ago, or an increase OF
1877 per cent.
Southern Revenues Rise
The 26 railroads in the Southern
District had operating revenues
in october, this year, of $46,023,-
627 compared with $50 ,542,802 in
October, last year, or an increase
of 1877 per cent, while the 48 rail
roads in the Western District had
operating revenues amounting to
$147, 127 ,534 in October compared
with $131, 4O9,643 in the same
month one year ago, or an in
crease of 1910 per cent.
Operating expenses in october
Of the same roads in the Eastern
District totaled $126,787, 482, COM
pared with Sill ,021, 374 in October
one year ago or an increase OF
1872 per cent. In the Southern
District the roads had operating
expenses totaling $32,530,671 in
October, last year, or an increase
of IL per cent, while the roads
in the Western District which
have reported so far showed oper-
ating expenses Of $97, 1865 for
October compared with $685.
821 in the same month one year
ago. or an increase of 1912 per
cent,
The Washington times., 1936-12-01
HEARST TO PAY
26THDIVIDEND

SAN FRANCIS Dec. I.
Hearst Consolidated Publications,
Inc, has declared the twenty
sixth dividend on the issued and
outstanding Glass A shares.
The dividend is payable De-
cember IS to stockholders of rec
ord, December /.
This is the twenty-sixth con-
secutive dividend, earned and
paid regularly each quarter be-
ginning with September Is, 1890.
1t was reported that earnings
for the first 10 months of 1886
were $1,058.000 in excess Of the
same period last year.
The Washington times., 1936-12-01
Cotton Goods

NEW YORK. Dec. l s.>.-The
cotton goods market settled down to a
quiet December today. in the opinion Of
many traders. Although the industry Is
running near its capacity. and most
mills have substantial backlogs. slow
trading, with few price fluctuations ID
looked for on the market.
Sales of deliveries later than March
are being held up by uncertainty as to
a suggested protective clause in con-
tracts.
Wide print cloths are selling in scat
tered lots for near shipments. but mar
row styles are difficult to buy for ship
ment before April. Trading in sheetlngs
tracts. Odd lots are changing hands al
sharp premiums. Tobacco cloths are
selling higher, but volume is relatively
light
The Washington times., 1936-12-01
81 YULE CLUBS
OPEN TODAY
INCAPITAL

Christmas savings clubs for the
year 1887 will be officially opened
in IS Washington banks today,
and it is anticipated the total Of
over 6 million dollars to be dis
bursed shortly by banks which
maintained these clubs during
the current year will be exceeded
greatly when the year-end dis,
tribution is made next year.
The more than $4,000, 600
shortly to be distributed to more
than $4,000 depositors in this
class of account, however, is ap-
proximataely 20 per cent greater
than the sum distributed last
year. In view of the fact that
the increase has been maintained
yearly for several years, it is anti
cipated there will be at least co.
900 participating in the 1887
clubs, and that the disbursement
next year will exceed 100000
The all-time high in the amount
distributed was in 1929 when local
banks disbursed through Christ
mas Savings Clubs more than
100000.
Following banks will open their
1887 Christmas Savings Clubs to-
day: American Security g. Trust
Company, Anacostia Bank, Ham
ilton National Bank, Liberty Ma
tional Bank. McLachlen Banking
Corporation, MunSey Trust Com
pany, National Savings & Trust
Company, Second National Bank,
Security Savings & Commercial
Bank, Riggs National Bank, at
branches only; Union Trust Com
pany, Washington Loan & Trust
Company, Morris Plan Bank,
Bank Of Commerce & Savings
and the National Bank Of Wash
in0fOn
The Washington times., 1936-12-01
STUART HEADS
HONOR CLUB

Announcement has been made
by The Connecticut Mutual Life
Insurance Company that Roger
M. Stuart of Washington has been
named president of the Company's
One Hundred Thousand Dollar
Club.
Mr.. Stuart has been accorded
this honor as a result of placing
more life insurance than any of
the other ITO members of this
club, membership in which is
based on outstanding performance
in the sale of new life insurance.
Mr.. Stuart is associated with the
John Lister McElfresh agency of
this city.
The Washington times., 1936-12-01
MARKET GOES
|RREGULARLY
UPWARD

NEW YORK, DeoN 0N.SO.
An improved tone prevailed in the
stock market today, as the main
body Of stocks tended irregularly
higher.
Motors, several rail equipment
issues, utilities and SteelS were
prominent on the upside. Cop
perS and mining shares were gen.
orally behind minus signs.
FireStone Rubber rose more
than q point into new high
ground. Baldwin advanced a
point to above 9, while Electric
Power and Light gained as much
to set a new 1886 top.
ChrySler recovered a point Of
yesterdays drop Of more than 2,
while General Motors added a
small fraction.
Bethlehem climbed a point in
Steels, but U. S. Steel showed lit
tie change. Rails were mixed in
tone, Atchison and N. Y. Central
losing ground as Great Northern
and Baltimore and Ohio improved
slightly. Oils were firm, as were
aViationS.
The Washington times., 1936-12-01

ing. Estimates of the total to
be paid out in dividends this
year range well beyond S3,OOO,-
100000, compared with $2,716,-
100000 in 1885 and the high Of
$4,639, 100000 in 1880 when cor
pOratiOns were endeavOring to
cushion depression declines.
"The tax DOGGY has also had
its effect on wages, salaries,
bonuses and other payments,
although it seems fair to as
sumo that even without the
urge Of the 1886 revenue act,
business enterprise would have
been willing to share its gains
with its employees. A number
Of large industries, among them
steel, automobiles, textiles, rub
Der and meat packing, have in
creased wages by varying
amounts. In the span of one
November fortnight approx
mately $2OO,OOO,OOO was added
to annual pay rolls, benefiting
a million and a quarter work
ers and, incidentally, adding
that much to production costs"
BIG SALES EXPECTED
There is good reason to believe
that retail buying Of industry!
goods for distribution on Decem
Der Is will reach impressive fig
ures, the publication says. Secre
tary Roper estimates it at more
than $9O0,O0O,OOO, only 10 per cent
under 1929. The National Retail
Dry Goods Association also says
buying will be the best since thai
year; and estimates of the i'm
provement over 1885 are ranging
from IS to Is per cent. Stores
have stocked heavily. Factory
production began to accelerate
some time ago in anticipation Of
the demand, yet the report OBJ
serves that there is evidence Of a
shortage in some lines.
The Washington times., 1936-12-01
j. ). SAVINGS
DEPOSITS
CLIMB

NEW YORK, Dec. For the
third successive year annual re
ports Of savings deposited in
banks in continental United
States show an advance over the
preceding year. During the yeal
ended June 80, 1886, the mum
Der of savers also showed q
marked increase.
These facts are brought out ir
a statement in Banking, officia
publication of the American Bank
ers Association, by w. Espey Albig
deputy manager Of the association
The statement says:
GAS Of June 30, 1886, savings
aggregated $23,463,5S5,OOO, &C
cOrding to reports received by
the division, q rise of $780, $751;
900, or 3.8 per cent over the fig
ure . year earlier, despite the
increase Of $135,785,OOO, or 42.3
per cent of redepOsits of postal
savings in banks. This compares
favorably with the increase as
of June 80, 1885, over the preced-
ing year Of $S61,514,OOO, or 4
per cent"
ALL EXCEPT FOUR STATES
All States, with the exception Of
one in New England and three in
the West Central States, show an
increase over the preceding year
in the amount Of savings deposited
The publication adds:
con the basis Of savings de-
posts per inhabitant the pic
ture Is not so bright. Fourteen
States had a percentage loss Of
from IL per cent to 1879 per
cent in per inhabitant savings
compared with the previous year.
"The gain in the population
estimate for the year would in
part account for some Of the
loss in per inhabitant savings
despite the greater volume Of
savings in the States. In the Dis
trict of Columbia for example,
the population increase is eSti-
mated at 22 per cent, while the
loss in per inhabitant savings is
1879 per cent.
DEPOSITORS INCREASE
"The number Of depOsitors
also shows an increase over the
preceding year in all except 10
States. The aggregate number is
42,396,712, a gain Of 1,O81 ,5O6, or
2.6 per cent over the previous
year. The advance in the num-
Der Of depOSitOrs has not kept
pace with the rate of advance of
savings deposits or of population.
1t has been high in some sec
lions, notably the Southern,
East Central and Pacific States.
The really spectacular rise in
deposits has been that in COM
mercial deposits which COM
bined with savings deposits
make up individual deposits now
aggregating S46.31O,117,OOO, a
gain Of S4,627,3SS,OOO, or Ill
per cent"
The Washington times., 1936-12-01
NEARBY WHEAT
FUTURESDR0P

CHICAGO, Dec. l G.N.SO Re
ports that English millers were
unwilling to follow the advance
in prices abroad and more favor
able weather reports from the do
nestle grain belt had an unset
ting influence on wheat prices
here in today's early dealings.
Nearby futures dropped moder-
ately, while July, which repre-
SentS the new wheat crop, fell a
cent to $1063s.
Corn generally held firm in a
light trade while other grains were
mixed.
Around mid-session wheat was
u to Hsc off, corn unchanged to
hc up, oats unchanged to 1sc up,
rvs Ac down to l4c up, and soy
beans " to 12c up.
Liverpool wheat closed I'M
changed to B pence off and Win
nipeg was % to 12c off at mid
session. Rotterdam was 70 to Ac
lower at the finish.
The Washington times., 1936-12-01
POWER SHARES
RISE ON CURB

NEW YORK, Dec. l G.N.S0
In somewhat quiet trading the
curb market firmed slightly and
turned irregularly higher today.
Price changes were Of small pro-
portions, the list apparently mark
ing time.
Fractional gains were character
1St1c Of the power shares although
q number Of issues were at mod.
crate discounts. Electric Bond
and Share, American Gas & Elec-
trio and Niagara Hudson Power
worked slightly higher. Mohawk
Hudson first preferred advanced
q point to 108. Central States
Electric preferred and Associated
Gas IS preferred dipped a point
each.
A few issues were showing good
gains in the miscellaneous shares.
In q cont Guation of yesterdays
advance Bowman-Biltmore second
preferred climbed 70 to a new
high at Z. Brown Company pre-
ferred spurted almost 3 points to
4S, and Royal Typewriter, ex-divi-
dend, recovered the 4 points de-
Quoted, on the opening sale.
More typical of the list was a half
point advance in Wayne Pump.
Mining shares were quiet and
slightly easier on the whole al
though Newmont recovered most
Of its initial point loss.
Oils were steady and irregularly
higher with gains small Humble
and Gulf improved.
The Washington times., 1936-12-01
Chicago Livestock

CHICAGO, Dec. / N.N.sD.-Hogs,
$40: bulk. $4,000. s5; heavy. sS25@1O;
medium, $3.50 @1O; light, $9@s.75: light
lights, $S.60@9.35: packing sows, $500
$40; pigs, $6@s.25.
Cattle-10.oOO steady Calves $500;
steady. Beef Steers; Good and choice,
S1O@12.S0; commend and medium. 81
010: yearlings, $s.5O@1275. Butcher
aCttls: Heifsrs. S5@11.5O; cows, $4.25@
Feeder Steers: $45O@475; stocker steers,
$3.50 1850: stocker cows and heifers,
$4.5006.6O.
ShSep-s,OOo; steady Lambs, $500
SIS: common, $70s.5O: yearlings, IS q
500; feeders. $5.5O6S; ewes, $2.5O@4.50.
The Washington times., 1936-12-01
Money Markets

NEW YORK, Dec. GN.SD.-Bank-
ers' acceptance market remained quiet,
with rates 4 to 316 per cent for 30.
so and 90 days. 5-16 to 4 per cent for
100 days and a to sis per cent for
$50 and $50 days.
Commercial paper market was mod
erately active, with rate unchanged at
a to 1 per cent
Time money was offered at II for
changed.
Call money renewed at 1 per cent
UNCHANGED
The Washington times., 1936-12-01
Washington Stocks
AFTER CALL
SALES

Capitol Transit Co.. 1O@15AD
10@151a, 10@15h, 10@15H2, 100
1872, 1O@1512, 5@15R, 5Ql512'
40@15h, 55@1512.
Riggs Bank Com, 2@320.
The Washington times., 1936-12-01
NEW YORK STOCK QUOTATIONS
CONTINUED from Preceding Pagel

-1936- Name and Net
High Low High Low 1875 ChRe
So : United Stores A.... SO rs SYST %
lis so Univ Pic LIST pf.... los l05 lO5 r
The Washington times., 1936-12-01


(a) Optional stock cash. (b) Includes extr
declarations only c) Extra (d) Extra ii
stock te Li9udatnR dividend 90 On account Of accumu
(ww) With warrants. (xw) without 60 Ell
dividend. o. Ex riEhts
Dividend dollars In parontheseG
The Washington times., 1936-12-01

CANADA
Montreal funds in New York, 3-10 per
cent premium at $1,000.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
RAINBOW VETS
TO SALUTE
LAND0N
Knox Leaves for East
After Mapping Plans
With Governor
By WILLIAM X. HUTCHINSON

By WILLIAM X. HUTCHINSON
TOPEKA. Kan, July Is G.N.S) d.
In an extraordinary gesture of
friendship, 100 overseas veterans
of the Rainbow Forty-second) Di-
vision were to pay tribute here
today to one of their World War
comrades, Governor Alfred M.
Landon, the Republican nominee
for President.
The veterans were coming here
from their national encampment
in Kansas City to greet Landon
and wish him luck" in his cam
paign for the presidency. The
ceremony was to be held on the
steps Of the State capitol.
First Soldier Nominated
Landon, exempt from military
duty at the outbreak Of the war,
volunteered shortly after his first
wife died. He was Immediately
commissioned, because Of his ex-
ecutive ability and experience in
the Oil business, as an officer in
the Chemical Warfare section of
the Army and served until after
the Armistice. He was the first
soldier to be nominated for the
presidency by either major party
since the World War.
Col. Frank Knox, his running
mate and a veteran Of both the
Spanish American and World
Wars, departed for the East after
spending yesterday in conferences
with Landon.
The two Republican nominees
agreed on numerous campaign
plans, including a decision that
Landon open his major drive in
the East with Knox invading the
Northwest. Landon probably will
launch his campaign at West
MiddleSex, Pa. his birthplace,
some time in late August.
Knox Opens August 8
Knox, meanwhile, will open the
Indiana campaign with a speech
at Connorsville August 8; initiate
the West Virginia campaign with
a speech at Huntington. August
Is, and then visit Maine before
opening his major drive in the
Northwest.
Knox painted glowing picture
Of Landon in radio speech here,
before departing.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
Pacific Northwest
Favorable to Landon

TOPEKA, Kan, July 16 G.N.S.)
The Pacific Northwest is develop
ing a general trend" toward the
Republican party because of its
high regard for Governor Alfred
M. Landon. w. w. PierSon, voca
tional educational leader OF
Cheney. Wash, declared here to
day. He said:
There seems to be a general
trend running through business
men, cattle and sheep owners in
the Northwest toward the Re
publican party. They especially
like Governor Lan6On. His
sturdy forward looking, COM
nonsense viewpoint appeals to
them. He understands their
problems and they regard him
as an able, stable leader"
"Details Of Knox Address on
Page 15)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
Witnesses Describe
Attack On King

LONDON, July 16 G.N.S).
The following brief but dramatic
eyewitness account of the attempt
on the life of King Edward was
given to International News Serv-
ice. today by a spectator who wit
messed the entire incident. He
Said
81 was watching the King
riding along when there was a
sudden cOmmOtiOn. 1 saw a re-
vOlver lying in the middle of
the road.
"a mounted policeman got
off his horse and picked up the
revolver. For moment it looked
as though the King was going
to diSmOunt but he rode on"
A woman eyewitness said she
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
Polly Moran TO Seek:
Divorce From Malone

BEVERLY HILLS, Cal, July Is
GIN SO.-Plump Polly Moran was
calming her nerves today in prep
aration for an appearance in
court July 20 when her 32-year-
old husband, Martin Malone, at
torney, must answer charges that
he tried to shoot her.
Meanwhile, the noted comedl.
enne, who helped pack theaterS
when she played opposite the late
Marie DreSsler in the films, an
nounced that divorce papers
papers would be served immedt
ately on Malone.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
RELIEF UPSET
BY DROUGHT
Continued from Page y

CONTINUED from Page u
age of 1.775.OOO persons for the
year. With 10000 emergency jobs
necessitated by the drought,
WPA's average employment must
be reduced to 625,OOO-275, 900
under the estimate on which the
appropriation was based-as the
average for the year.
RIA Shift of Funds
The RIA already was providing
for 100000 farm families, grant
ing loans totaling 100000, 900
and grants totaling $4,000, 900
during the year ended June 80.
Grants, made for family susie
nance. average SIT to $40 a
month. Loans, made for feed,
for buying work stock, cows, and
other necessities for carrying on
farming, average just under 5000
a year. The average per family,
counting both loans and grants,
is $165.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
SO Mems SI2.z5
KooI Cord Suits
1885

Just 80 suits Cool and comfortable,
well-tailored cords that launder well.
Exceptional values. Tan and gray
stripes All sizes.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16

was convinced King Edward wit
messed the attack. She said:
81 was near Wellington Arch
at Constitution Hill. The King
had just ridden through the
arch when a man rushed up
from somewhere. He seemed to
come from the back of the
crowd.
"He had a revolver in his
hand, but a woman and a
policeman grabbed him and the
gun fell into the road. Police
rushed up and the man was
taken away.
st all was over in a flash, but
I think the King saw what hap
pened.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16

In her report issued from the
nutrition section of the Agricul-
tural Department, DR.. Muncell
cont tended that kale, turnip
green's, beettops and dandelion
green all have been found to
outrank spinach in available
calcium content.
DR.. Clendening, who is author
of THE Human Body and BE
hind the Doctor" discussed the
adverse spinach report before a
group of puzzled parents and
children here. Smilingly he ad-
vised them to keep calm" in the
face of the woman doctors re-
port.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-07-16
South African Holds
Reich Must Get Land

MARIO Kenya, British
East Africa.-OSwald Prov, Ger
man-born South African minister
Of defense, does not visualize the
return Of Tanganyika to Germany
but believes it futile to imagine
that Germany could be kept out
of Africa forever.
He made this statement in ad-
dressing the officers and men of
the German cruiser Emden re-
Gently, and it bore out rumors that
on his recent visit to London he
urged the British government to
satisfy Germany's colonial ambi-
tions somehow and somewhere in
Africa.