davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-05-08
COTTON PRICES
EASE FURTHER

NEW YORK, May 8 G.N.s).
Cotton futures eased further in
later dealings, selling pressure
extending losses in the distant
while reducing the gain in the
May option.
Favorable crop weather, weak
ness in grains, profit taking, and
lower foreign cables were all in
a measure responsible for the
easier tone of the market. Trad
ing volume was rather light.
The trade, the continent, and
the Far East were buying and
there was some short covering in
May. The South, New Orleans,
and locals were among sellers,
and the pool continued to liqui-
date May.
Short covering in May, reflect
ing the strong spot situation was
partially responsible for the main
tenance Of prices in that month
today despite the decline gen.
orally. The fact that the option
scored virtually no advance yes
terday while other months moved
higher, also eliminated the profit
taking factor.
Toward noon May was quoted
at 11.57 up 2, July 11.21 off 8,
october 1890 off 5, and Decem-
Der 1882 off points.
The Washington times., 1936-05-08
.LANS70N AGAIN
P|CKSD.C. MEN

Among those reelected to the
board Of directors Of the Lanston
Monotype Machine Company at
the annual stockholders meeting
in Alexandria, Va, yesterday were
four Washington men.
They are J. Thilman Hendrick,
renamed chairman Of the board,
and the following: Karl w. Corby,
Of w. Hibbs & Co.; George w.
White, president Of the National
Metropolitan Bank, and Roger w.
Whiteford, prominent local attor-
ney.
other members Of the board re-
elected include Harvey D. Best,
president Of the company; John
w. Drye, jr., Adrian H. Larkin,
Royal T. McKenna and Henry
Parsons.
Following the stockholders meet
ing the board Of directors con-
vened and declared the usual quar-
terly dividend Of 81 per share pay
able May 20 to stockholders Of
record May 10.
The annual report Of President
Best shows net earnings for the
year ended February 30, 1896, be-
ing SALT per share compared with
$1.68 per share the previous year.
Net earnings for the year were
$3.50, 556.32, after deducting $751;
698.83 for taxes and $3.50, 185. SO
for reserves for depreciation,
amortization Of patents and pos
sible losses on foreign exchange.
The Washington times., 1936-05-08
GUEST HOUSE:

GUEST HOUSE:
On Connecticut Avenue just
around the corner from the Ward
man Park Hotel a new guest house
has been opened where you can
get delicious meals and comforta-
BILE rooms. This is one Of the type
that is very desirable from every
standpoint. both in its operation
and location. There are several
vacancies at this. time including
an excellent single room and q
huge room with an equally large
glassed-in sleeping porch that
would adequately take care Of four
and they would not be the least
bit crowded. Immediately as you
enter you will realize the value
here. Rentals are very reason.
able.
BARNEY CIRCLE S. E.:
Driving out to the other end Of
the city, 18th and Pennsylvania
Avenue 8. E., I visited q private
home where you can get a living
room. sleeping porch and private
lavatory. These rooms are on
the first floor and would be
strictly private. AS they are non
housekeeping, the owner will also
give meals and furnish you with
maid service. To my way Of think
ing, this in an exceptional value in
every way and the rates are only
$40 for two including meals.
STUDIO FURN. APT:
On the third floor Of q down.
town building there Is furnished
studio type apartment. This unit
has fireplaceS, the rooms are large
and the ceilings are extremely
high. Modernisttc furniture has
been used in the furnishings and
the result is very gratifying. It
consists of three rooms, kitchen
and bath; the kitchen containing
an electric refrigerator. To give
you an idea Of the extremely con-
venient location, this apartment
is located right at 18th and K
Streets. Rental is $75.
DOWNTOWN BACHELOR APT:
Another surprise for you =. q
bachelor apartment consisting Of
q large room with open fireplace,
four windows, built-in bookcases,
The Washington times., 1936-05-08
TIME
NET DOUBLED

General Time Instruments Cor
poration reports combined profits
Of $S10,e33 for operating COM
panies after all charges and Fed
eral taxes for the first quarter Of
1885, compared with $135,08S for
the same 1885 period, an increase
Of 1877 per cent, according to
Ralph II. MatthiesSen, president.
This is equivalent, after pre-
ferred dividend charges, to 78
cents per share on common stock
outstanding and compares, on ad-
juSted basis, to as cents per share
for the first quarter Of 1885.
Combined sales Of the operating
companies amounted to 50, 039 1888,
as compared with $1,526, 706
during the first quarter Of 1885,
according to the report. Mr..
MatthieSsen said:
'The abnormal increase In
profits over last year Is shown
by our figures was caused by the
introduction of several new
models Of clocks and also by the
fact that the first quarter Of
1885 was abnOrmally low. The
figures, therefore, form no fair
criterion as to the whole year.
If business conditions continue
as they are, we should expect .
normal increase both in sales
and profits, but any continuance
Of this increase is not to be ex-
Decte6l.''
The Washington times., 1936-05-08
OUTPUT
BEST SINCE 30

April steel output was the great
est of any month since May, 1880,
and exceeded April Of last year by
nearly so per cent, according to
the American Iron and Steel Iasti-
tute.
Production Of open hearth and
Bessemer ingots reached total of
3,924,254 gross tons in April,
which compares with 3,342.619
gross tons in March and with
2,640,602 gross tons in April of
last year. In May, 1880, q total Of
3,982,915 gross tons was produced.
The industry operated at an
average Of 5000 per cent of ca
pacity in April, as against $3.50
per cent in March and 45.88 per
cent in April a year ago.
An average Of ISL, 625 gross tons
Of ingotS was produced in each
working day in April.
The Washington times., 1936-05-08
CRISIS
INTENSIFIED

NEW YORK, May 8 0.N.S0.
The French crisis was intensified
today by continuation Of the heavy
flight Of capital from the country
and brought revival Of rumors that
q gold embargo would result un-
less the heavy gold drain was
checked quickly.
Francs were pressed for sale
from the start Of foreign exchange
trading here and abroad and deal
ingS were limited by difficulty in
finding buyers. The franc ruled
at $685. cents, the gold point,
here and in Paris, with the Amer
lean equalization fund preventing
further declines.
In London the heavy sales forced
the sterling rate to q new high
at 1882 francs to the pound de-
spite the active intervention Of the
British control fund.
The Dutch guilder suffered
another sinking spell after yester-
days late tumble, falling IA points
to 67.55 cents. This raised likeli-
hood Of Hollands joining France
in losing gold and brought rumors
Of an early rise in the Dutch bank
rate.
The Washington times., 1936-05-08
MARKET MIXED
WITHV0LUME
CURTA|LED
BY LESLIE GOULD

NEW YORK, May 8 U.N.So.
A dull and irregular tone predomi'
mated In the stock market today
as curtailed trading volume again
reflected uncertainties In the
French situation.
The grist Of overnight news in
cluded several additional in
creased first quarter earnings re-
ports, indications Of a step-up in
the earning power Of du Points
chemical business and a survey
stressing the sound outlook for
farm implement concerns.
Steels Lower
Steel shares were inclined to
somewhat lower levels, sentiment
being depressed by q cut OF %
cents in Pittsburgh scrap quota
tions. U. s. steel and Bethlehem
were off q point each, but re-
gained part Of this.
Tobaccos were featured BY q
rdnup Of nearly 3 points in Philip
Morris. Liggett & Myers B and
Reynolds Tobacco B each ad-
vanced q half point.
American Telephone and Schen-
ley gained a point each. while q
few rubbers and aviation issues
moved fractionally higher.
Motors Steadied
"A small increase in automobile
production steadied motor shares
after initial weakness. with Gen
eral Motors and Chrysler moving
to within small fractions Of pre-
viouS blessings.
Rails were slightly lower, along
with coppers and utilities. Purity
Bakeries was a weak spot in the
low-priced shares, slumping more
than q point on the reduction IN
Bonds were irregularly lower.
dividends.
The Washington times., 1936-05-08
Trusts Follow More
Cautious Policy

NEW YORK, May 8.-There
were no important changes in port
folioS Of the larger management
type investment trusts during the
first quarter Of 1886, according to
q current survey by the Standard
Statistics Company, of New York.
A majority Of the trusts followed
q cautious investment policy dur
ing the quarter. This was indi-
Gated in part by q minor, but
definite. trend toward greater
liquidity. The movement was not
large, enough to suggest real iqui-
dalton Of type which would occur
if arrangements believed that an
important reversal of the uptrend
in stock values were in prospect.
It did indicate, however, that the
trusts were prepared for a period
Of consolidation Of market gains,
the survey said, adding:
Retirement Of senior capital
by . number Of important insti-
buttons also indicated greater
conservatism. Employment Of
cash assets for the purpose Of
retiring senior money had the
effect Of reducing leverage.
Since this was accomplished dur.
ing . period Of relatively high
prices for securities, 1t tended to
reduce the percentage deprecia-
tiOn to which the junior invest
ment trust issues would be sub
jected during . period Of decIin-
ing security values.
''The usual amount Of switch
ing was evident, however, with
The Washington times., 1936-05-08
Farm Mortgage
Debt Bigger in
Good Times .~

NEW YORK, May S-The
total mortgage debt Of agriculture
increases during periods Of pros
perity and decreases durin G
p periods of depression, w. I
Myers, governor of the Farm
Credit Administration. said be
fore the Farm Mortgage Con
ference of Life Insurance Com
panieS here today. He added:
1.-THE total farm mortgage
debt in the United States Is
now about $7,56O,OO0, 900 where
as In 1928 IL had reached O
peak Of $9,468, 100000. Also,
the percentage of farms mort
gagged decreased from SO per
cent in 1928 to "a per cent In
1886.
OWNERSHIP CHANGES
''But what applies to farmers
as q class does not apply to
them as individuals. II one
third of the farmers have debts
on their properties this year,
it probably will not be the
same individuals that have the
debt Of . few years hence. At
least once every generation
there Is q change in ownership
in agriculture-a new manage
ment takes ahoId. In this re-
spect, farmers are different
than corporations where surp-
luses are carried from one gen.
Grafton to the next. Farming
being an individual undertak-
ing, every generation has to 90
into debt to get into business.
MANY Of the farms not now
mOrtgaged will pass into hands
Of young men this year and
next. Some will buy for cash
while others will assume in
debtedness or perhaps will pay
part Of it off. Others will in
herit farms and to settle the
estate they may have to go
into debt. If farms are higher
in price because Of prosperity,
because Of good prices for farm
products, the farm mortgage
will increase"
PRICES DROP: DEBTS LARGE
It Is usually the debts acquired
at high levels that cause trouble
when prices decline as in 1882
Governor Myers continued. He
said that such trouble can anc
should be lessened by the coop
Grafton Of all farm mortgage
lending agencies cooperative. COZ
porate, and individuality basine
the amount loaned upon a rea
sonable percentage Of the value
Of the property determined BY
its earning power.
Governor Myers pointed out
that the Federal land banks have
followed this principle in ap
praising farms for loans and thai
as land values increase they ex
pect to continue to follow thai
conservative policy. He said thai
this procedure, If adhered to BY
other lending agencies, woult
have a very Statutory Stabilizinl
influence
The Washington times., 1936-05-08
C.I. I. WILL PAY
S70CKD|V|DEND

Commercial Investment Trust
Corporation has declared q 20 per
cent common stock dividend on
its common stock, payable on or
before June /, 1885, to holders Of
record at the close Of business
May 10, 1895.
At the same time the corpora
ton declared a regular quarterly
cash dividend on common to be
outstanding after giving effect to
the stock dividend, Of 80 cents per
share payable July / to stock.
holders Of record June 5.
The dividend meeting was held
earlier than is customary to en-
able delivery Of the stock dividend
prior to the usual record date for
the. cash dividend. Stockholders
will receive the July ! cash divi-
dend on the additional shares Is.
sued as q stock dividend.
The common stock; after giving
effect to the stock dividend, will
then be on an annual basis Of
$3.50 per share. This Is equiva-
lent to an annual rate Of $4.32 on
the presently outstanding as com.
pared with the current rate Of s.
The corporation also declared
the regular quarterly dividend on
the convertible preference stock
$4.25 series Of 1885, and the op
tional series Of 1929.
This is the second stock diVi'
dend in less, than two years, the
former one Of IS per cent having
been paid in October, 1884.
The Washington times., 1936-05-08
RENTAL HUNTING
With Barbara Holmes

etinted walls, large built-in chest Of
drawers and private bath. This
is an ideal apartment for the
bachelor girl or nan, for it =
located centrally, that is. right
downtown, less than five minutes
from the White House. There is
also an electric grill where one
could get a light breakfast and if
necessary, maid service can be ar
ranged. Rental is SOS.
CHEVY CHASE:
Out in Chevy Chase in the
owners home, there is a room that
is furnished with the idea in view
of the comfort Of a man desiring
to have quiet and roomy quarters.
There are no other guests. If you
are looking for this type Of room
where you could study in peace
and quiet, get in touch with my
office at once.
FURN. HOUSE IN WOODBRIDGE:
Now that this beautiful weather
looks like It's here to stay, most Of
US have the urge to work in the
garden and get out in the open.
Woodbridge is beautiful at all times,
but it is really a garden spot in
the summer. This house is a cor
ner detached one, with three bed
rooms, living room, dining room,
kitchen, bath and garage, COM
pletely furnished for housekeep-
ing. No matter how fastidiouS you
are you will be perfectly satisfied
here for it Is a real home. Rental
is $s5.
1900 BLOCK MASS. AVE. N. E.:
Now suppose you want an out
of.the- ordinary place to live.
Where you can get good home
cooked meals and a large COM
Portable room that Is furnished as
you would like it. This is a large
home, located in the 1900 block Of
Massachusetts, Avenue, that has
several vacancies at this writing.
Catering to the faded and faStidi-
GUS appetites, the congenial lady
who operates the house has special
menus which cannot be excelled.
You viii like the pleasant atmoS-
phere Of the home and also the
convenience Of the location .
| five minutes from anywhere.
The Washington times., 1936-05-08

some units showing . leaning
toward preferred stocks and
more conservative common
stocks, in lieu Of speculative
equities, while other companies
confined operations to similar
groups Of securities. Although
q change Of attitude toward spe-
cific industries was revealed in
some instances, there was no ap-
parent general trend into or out
Of any particular group"
It was noted that at tie close
of the quarter, practically all OF
the companies were still heavily
invested in common stock, princi'
pally industrials. The preparation
Of total funds held in the form of
cash and United States Govern.
ment securities was only moder-
ately higher than the per cent
indicated at the close Of 1885,
Standard Statistics said.
The Washington times., 1936-05-08
CANADA CROPS
ARE RETARDED

Field operations over the major
part Of the dominion, except the
maritime provinces and the Peace
River country, have been retarded
from one to two weeks, owing to
the inclement weather which fol
lowed the breakup Of winter, &C
cording to the Bank Of Montreal.
There is a good reserve Of
moisture in most districts and
preparation Of land and seeding
are now under way. In the
prairie provinces seeding is pro-
crossing favorably. While in the
areas last, year affected by rust
and frost a substantial proportion
Of inferior seed is being sown, the
good seed bed conditions at pres
ent enhance the possibilities for
normal growth, the bank says,
adding:
TN Quebec the soil generally
Is in good condition, and pas
lures, meadows and fruit trees
show no sign Of winter kill. In
Ontario land preparation Is gen.
eral and seeding has COM
menced. Fan wheat wintered
well and has since progressed in
the absence Of frOSts or damag-
ing winds. In the maritime
provinces pastures and meadows,
including areas flooded this
spring, are generally in good
condition.
TN British Columbia farm
ing operations are fully two
weeks late. but the soil is in
good condition and fall wheat
and hay crops Hintered WELL
The Washington times., 1936-05-08
WHEAT LOWER
IN BUSY TRADE

CHICAGO, May 8 u.N.s0.
Heaviest rains in five years in the
Southwest forced wheat prices
downward here today, May drop
ping &c, and deferred options 11ac::
Trade was active, with support
light and mainly confined to
declines. .s
At Kansas City the July wheat
delivery declined sac but recoV.
cred some Of the loss.
The downtrend in wheat here
had an unsettling influence on
other cereals and corn and oats
dropped moderately. Rye eased
about a cent.
Near rnid-Session wheat was 1A
to 17sc off with May at 94c. Corn
was 70 to 3sc off, oats to Ac
off, and rye "a to 11sc off.
The Washington times., 1936-05-08
Purity Bakeries
Slash Quarterly
international News serrIce

International News Service
Purity bakeries SlaShed the
quarterluy dividend Of IS cents
previously paid, to 10 cents, while
its subsidiary, CushmanS Sons,
Inc, Of which It controls practi-
cally the entire outstanding COM
mon stock, cut payments on the z
per cent cumulative preferred
from SITS quarterly to 871a cents
and again took no action on the
So preferred.
The purity bakeries dividend Is
payable June 1 to record May 10.
The Cushman dividend on the z
per cent has the same payment
and record date. Last payment
on the SO stock was on Deem
Der 2, 1885.
The Washington times., 1936-05-08
RETAIL TRADE
SL0WSD0WN

NEW YORK, May 8 G.N.S0.
Retail trade slackened this week,
Dun and Bradstreet, Inc, re-
ported in its trade review today,
but this was regarded as q normal
reaction after the rise since the
first Of the year.
Gains over a year ago were
maintained, however, it was
stated with the volume Of distribu-
ton placed at 4 to 8 per cent over
1885 for the country as q whole.
The Washington times., 1936-05-08
Money Market

NEW YORK. May 8 (I.N.s).-Bank-
ers' acceptance market remained quiet
per cent for 80, so ana 90 days, 4 per
cent to sic per cent for 100 days, and
81 per cent to 5-1S per cent for 150 and
$50 days.
Commercial paper market was moder-
ately active, with rate unchanged at Y
to ! per cent.
Time money was offered at per cent
for maturities up to six months, un-
changed.
Call money on bills and treasures was
u of ! per cent unchanged.
Call. money renewals were Y of I Per
cent unchanged.
The Washington times., 1936-05-08
Cleveland Livestock

CLEVELAND. Ohio, May 8 (I.N.s).
Hogs-Receipts, 900; good hogs, LOG
1ower: pigs and roughs, 25c lower.
Cattle-Receipts, 100; no good cattle
on sale; cows slow at steady prices.
Calves. - Receipts, l50; all grades
steady with good action.
Sheep-Receipts, 1000; market mostly
steady on good lambs: mediums and
outs very slow
The Washington times., 1936-05-08

OFFICE of the District Engineer, 3102
City P. o, Building. Washington. D. c.
Sealed bids in duplicate subject to the con-
ditions contained herein will be publicly
opened in this office at 200 p. m. May
IL. 1896. for furnishing all labor and ma
terial and performing all work for roof re-
pairs at the q. 8. Bureau Of Engraving and
Printing. in accordance with the specifica-
ton. copies Of which may be obtained from
the District Engineer only.
The Washington times., 1936-05-08
Bids and Proposals

SEALED PROPOSALS will be received by
the Purchase Section. National Bureau
of Standards. Washington. D. c., until 2
p. m. May 81. 1896, and then publicly
opened, for tire test machines. Specifica.
tionE and blueprints may be obtained al
the Purchase Section. National Bureau OF
Standards.
The Washington times., 1936-05-08

Procurement Division. Public Works
Branch, Washington, D. c., May 4, 1885.
Sealed proposals in duplicate will b
publicly opened in this office at 10 .. m,
May IA, 1895, for furnishing all labor and
materials and performing all work for the
construction of skyligh: in Light Court No.
of the U. s. Federal Warehouse Extern
sion, Washington, D. C. Attention is die
rected to the special conditions of bidding
set forth in the specification. Upon APP
plication. two sets of drawings and speci-
fications will be supplied free to each gem
eral contractor interested in submitting .
proposal. The above drawings and speci-
fications MUST be returned to this office.
Contractors requiring additional sets may
obtain them by purchase from this Office
at a cost of S. per set. which will not be
returned. Checks offered as payment for
drawings and specifications must be made
payable to the order of the Treasurer. U.
S. w. E. Reynolds. Assistant Director OF
Procurement, Public Works Branch.
The Washington times., 1936-05-08
WE5 { J! II ZINES

Business Office. 1917 n g. u. W.
Washington. D. o.
Rates delivered By Carrier In the District
Of Columbia and adjacent oommuniti0os
The Washington times., 1936-05-08
Bids and Proposals


d. c., washington, Nay
9th, 1886. Sealed proposals viii be re-
ceived at Room 500, District Building
until 200 o'clock p. M. eastern standard
time, and then publicly opened as follows:
(a) On May 25th. 1896 for the resurfactng
of various streets. roads and avenues vita
about II 500 square yards Of sheet asphalt
pavement on cement concrete base. or al
ternate; 10 On May 26th, 1885 for the
Of various streets. roads and
avenues with about IL. 900 square yards
of sheet asphalt pavement on cement con-
crete base, or alternate: (c) On May 27ths
1885 for the grading, paving. curbing and
otherwise improving Of various Streets
roads and avenues with about $500 square
yards of cement concrete pavement and
about $1,000 linear feet of cement con-
crete eurbing, or alternate: (d) On May
2Sth, 1886 for the construction of about
1000 square yards of cement concrete
alley pavements and about $4,000 square
yards of cement concrete sidewalk and (e)
On May Goth, 1885 for grading streets.
roads, avenues and alleys aggreg ating
about 10000 cubic yards. Apply Room
APT District Building for proposals and
Specifications.
The Washington times., 1936-05-08

Collection 10 made weekly By eagelaP
unless paid In advance.
The Washington times., 1936-05-08
RATES By MAIL
PaY0bla Ia Adunnea

Nall ORDERS % 1877 q 80. n. We
o. TelsDhOAs DIStEast 02TB
The Washington times., 1936-05-08
u. S. Bonds

lIHigh | Low | 100
The Washington times., 1936-05-08

Canada
New York funds In Montreal, par dis
count at $1,000.
The Washington times., 1936-03-12

upon the defendant KingSbury
manager of Western Union
here) a subpoena duceS tecum
calling for the production of all
kilograms between February l,
1885, and September l, 1885;
and that when said defendant
Kingsbury questioned the alleged
authority Of this subpoena. the
Black committee went to the
Federal Communications Com
mission, which shortly thereaf-
ter sent its agents into the Of
fices of the (telegraph) COM
pany, where said agents copied
thousands of kilograms which,
after copying, they turned over
to the Black committee; and
that many of the kilograms
which they examined and Of
which they made copies were Of
q private and personal or privi-
legged nature and had no con-
nectiOn whatsoever with the
subject matter of the investiga-
tiOn."
Agents OF Sender
The telegraph company in &C
cepting the message became tn
fiduciary agents of the sender O
the wire, the brief pointed out, ant
none of the Federal agencie