davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-01-24
OPINIONS DIFFER
WIDELY ON CLIMB
OF COMMODITIES
Some Foresee Further Rise,
While Others Expect
Boom to Collapse.
BY J. G. DONLEY.

NEW YORK, January 23.-It is
difference of opinion that makes a
horse race, a stock market and, to
certain extent, great deal Of
business activity. One man sells be-
cause he thinks goods are less de-
sirable than the cash he can get
for them. Another man buys be-
cause he thinks what he gets is
more desirable to hold than cash.
Opinions on the commodity price
outlook are as far apart as the poles
right now. Some business managers
are convinced they should cover their
needs before the "59-cent dollar"
takes hold and they see a rapidly
expanding demand for all kinds of
products, with purchasing power be-
coming more widely diffused and
incomes still on the upgrade. From
their viewpoint, attempting to get
along without full protection on fu-
ture raw material needs is sheerest
folly.
1910, IUSV dlIu 1871 NCCdflCu.
Others hark back to their expert
ence in 1919, 1920 and 1921, when
commodity prices doomed before a
whirlwind Of buying, then collapsed
in dizzy toboggan slide. They recall
that, at that time, orders were pyra-
mided because manufacturers were
late on deliveries.
In order to get what they wanted,
purchasing agents not only ordered
more than they expected to take, but
they placed duplicate orders with a
number of manufacturers, intending
to cancel the excess buying orders
as soon as the first deliveries were
in their warehouses. The difficulty
was that manufacturers did not find
out soon enough what was going on
cover their needs to fill orders on
their books, only to receive numerous
cancellations later.
Regarded As Excessive.
Those who look at things in the
light of that experience now say
that in many lines production is
already exceeding consumption, for
the reason that many orders have
been pyramided in excess of current
demands in order to cover future
needs in anticipation of higher prices.
A price rise. they say, always works
to stimulate excessive forward buy
ing and in the wake of overproduc-
ton to fill such orders there usually
comes a period of slackening demand,
reduced factory output, cancellations
of orders and a collapse of COM
modify and inventory values.
(Copyright, 1877
Evening star., 1937-01-24
FAR WESTERN TRADE
is BEST SINCE 1881
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 23.-Durine
1886 business activity in the seven Far
Western States, as reflected by the
Bank of America Index, reached the
highest level since 1881.
The banks 1886 index level was ap-
proximately IL per cent above 1885,
10 per cent over 1884, ~ per cent
over 1893 and 81 per cent above 1882.
The 1885 average was 80 per cent
higher than the depression low, reach
ed in March, 1888.
Favorable trends were shown in
car loadings, automobile sales, build
ing permits, bank debts, electric power
production and business failures.
Evening star., 1937-01-24
CANADIAN BUSINESS
EXPANSION CONTINUES
Special Dispatch to The Star.

Special Dispatch to The Star.
MONTREAL, January 23.-Cana-
dian business expansion for 1896 was
highly satisfactory and 1887 has OPEN
ed with a maintenance of this i'm
provement, according to the Bank Of
Montrears current business summary.
All the basic natural industries are
either restored to health or in process
of so being. and the enlargemnt of
purchasing power which results from
this improvement contributes to the
benfit Of all manufacturing and mer-
chandising enterprise.
Retail trade, after the best Christ
mas in years, is keeping up at a good
level, the summary states.
The mining industry's expansion for
1886 continued unnterruptedly, its
output value for the year totaling
$500 ,000, 900 as compared with $312,-
100000 in 1885 and $310,850,00 in
1929.
Evening star., 1937-01-24
81 the Associated Press.

CHICAGO, January 23.-The farm
implement industry's bright prospects
for 1887 led informed observers to pre-
dict today the years production vol
ume may approximate half billion
dollars for the first time since 1880.
This would more than quadruple the
1882 low.
Some optimists believe the industry
may eclipse the 1890 volume of $507,-
100000 and produce equipment with
the most value in eight years.
This outlook is based largely on
Government predictions that farmers
will have favorable year and on ex-
pectations Of further general business
Improvement In 1887. Farm income
Evening star., 1937-01-24
Sharp Increase Is Predicted
In Farm implement Volumes

from actual cash sales, amounting to
$500, ,000,0 in 1886, almost double
the 1882 low, is expected to gain.
Prices of many commodities are ia
vorable and crop prospects in most
regions have improved.
Observers said income Of farmers
gained last year, despite one Of the
worst droughts on record, crop losses
being more than offset by price appre-
citation.
The huge replacement demand built
up during the subnormal buying years
of 1881, 1882, 1888 and 1884 adds to
the potential business prospect of the
industry. In addition, there has been
an advance in foreign sales. Exports
normally account for about 20 per
cent Of the total businAsA
Evening star., 1937-01-24
Newsprint Exports
From Canada Hit
S9,949,968 Level
Ey the Associated Press.

OTTAWA. January 23-The Do
minion Bureau of Statistics reported
today Canada's export of newsprint
in December was 5,724.659 hundred
weight valued at s9.94s,9 1858, compared
with 5.556,653 at s9,479. 1862 in Decem-
ber. 1885.
The United States was the largest
purchaser with 4,783,131 hundred
weight. followed by Australia with
895,826, the United Kingdom, 231 1894,
Japan 175,958, New Zealand 114,266.
Total exports Of paper and manu-
factures we're worth s10.592931 in
December compared with s9,s41, ,544 a
year before.
Evening star., 1937-01-24
FEDERAL RESERVE
POLICY AWAITED
Bankers Anxious to Know
What Control Methods
Will Be Used.
BY CHARLES r. SPEARE.

Bankers and underwriters Of Sc
curities are impatient to know the
policy of the Federal Reserve Board
with respect to curbing excess re-
serves. Are the margin requirments
of the banks to be increased? If So
by how much? Will the board allow
some of its short term paper to run
off? The future of enterest rates is
involved in such action as may be
adopted this Winter. So far. the only
suggestion of change has been in ac-
ceptance rates. On the other hand,
the unsertainty and the growing senti-
ment that rates will harden has taken
some of the snap from new issues of
corporations and reduced the pre-
in the period of buying enthusiasm
last year.
Rates Believed at Low.
Distributors report that life insur-
ance companies and savings banks are
no longer disposed to bid for the low
coupon, high premium bonds for which
they were the largest customers dur
ing 1886. Their opinion is that money
has reached its minimum level and
that the bond market in 1887 will be
more Influenced by the rise in COM
modify prices and the trend toward
imitation than heretofore. 1t is sig
nificant that the present demand of
the public is for mortgages and de-
bentures of corporations in bank
ruptcy, or with a small but increasing
margin Of safety.
Investments Shifted.
Considerable shifting of high-grade
investments is taking place by those
who are capitalizing their high pre-
miums by a switch from long into
moderately short term issues. United
States Treasury Az per cents selling
around 121, New York City Is at 122,
Norfolk g. Western Is at 121, or Illi-
nois Bell Telephone 3las at about
ITO, as illustrations, present problem
to the trustee who holds them quite
as difficult to solve as that of the in
vestor with limited income who can
find no profitable outlet for his funds
in securities whose safety is unques-
toned. He does not feel, for instance,
that he can afford to buy any of the
Government and municipal bonds
publicly offered for sale this week.
Copyright. 1887. by the North American
Newspaper Alliance, Inc.)
Evening star., 1937-01-24
BY L. v. BURTON,
Editor Of Food Industries.

The financial interest which the
food industries have in the General
Motors strike is enormous, and like
wise its effect is peculiar. With 1885,
900 people out of work, not only Is
their own purchasing power cur
tailed, but for each Of these there
are 3.3 other persons whose livelihoods
are jeopardized. These people live on
the wages of the industrial worker.
Then, when their livelihoods are cut
of, each ones loss affects still more
people, though perhaps to a lesser
degree.
Thus $4,000 people out of work
means about $4,000 people without
income. And all these people normal
ly consume 1880 tons of food day,
which is equivalent to SO carloads
worth roughly s175,o0o +. o. b. fac
tory. In q week the normal food
purchases of those most intimately
concerned with the strike amount to
$l,225, 900.
Evening star., 1937-01-24
BOND CLUBS DINNER
RESERVATIONS HEAVY

Thomas C. Montgomery, president
of the Bond Club Of Washington, re-
ports a record number of reservations
for the clubs Midwinter dinner at the
Mayflower Hotel next Thursday eve.
ming. The clubs annual Spring out.
ing has become extremely popular. he
said, and it looks now as if the COM
ing dinner would prove an event OF
enlIal interest
Evening star., 1937-01-24
CANE SUGAR REFINERS
ORGANIZE ASSOCIATION
BY the Associated Press

NEW YORK, January 23-Do-
mestic cane sugar refiners have
announced they have organized an as
sociation for promotion of the general
welfare of the domestic refining in
dustry which is to be known as the
United States Sugar Refiners' Associa-
ton. Ellsworth Bunker, vice president
of National Sugar Refining Co., is
chairman of the Executive Committee
of the association.
Evening star., 1937-01-24
MESTA ORDERS SOAR.

NEW YORK, January % R.-
Mesta Machine Co., Pittsburgh, man
ufacturer of steel rolling mill equip
ment, announced that untitled orders
at the end of 1896 totaled approxi-
mately $4,000, 900, compared with less
than $4,000, 900 at the close of the
previous year, and about $lo,5oo,ooo
Ast July. A
Evening star., 1937-01-24
BY DOUGLAS G. WOOLF,

A months shutdown of all General
Motors plants means decrease in
total consumption Of textiles amount
ing to 100000 yards of wool and
mohair upholstery, side and roofing
fabrics, and 3,000,000 pounds Of cot
ton yarn for tires. The production
of these textiles requires 10000 work.
ers. A paralysis of all the automobile
plants would affect some $4,000 tex
tile workers.
(copyright, 1887, By the North American
Newspaper AllianssA AInsJ
Evening star., 1937-01-24
FOOD BUSINESS HUGE.

NEW YORK, January 20 [P.-Busi-
ness done by food brokers in the do
mestic market in 1896 exceeded s2,-
SOC, 900, 900, on the basis of prelim-
mary estimates of total food sales for
the year, Clarence M. Huber. presi-
dent of the National Food Brokers
Association peported,
Evening star., 1937-01-24
BUSINESS FEARS
LENGTHY T|E-UP
At AUTO PLANTS
Enormous Loss Is Forecast,
With Sag in National
Buying Power.
REGARDED AS THREAT
OVER BROAD FRONT
1887 U. S. Income Drop Of Around
Three Billions Would Be Felt
by All Trade Divisions.

The effect OF the automobile
strike on pdrious branches OF in
dustrV is discussed here by editors
OF trade publications Uho hare
made surpeys OF the situation in
their oun fields.
Evening star., 1937-01-24
ANALYSIS PREPARED.

NEW YORK, January % (SpeciaD.
Distributors Group, Inc, New York
City, have prepared a statistical study
of Adams Express Co. covering the
period l93O-1936 inclusive.
Evening star., 1937-01-24
SEARS TIRES BOOSTED.

NEW YORK, January % R.-Sears,
Roebuck g. Co. has announced a 3
per cent increase in prices of automo-
bile tires and tubes to become effective
Immediately.
Evening star., 1937-01-24
BY S. ID. KIRKPATRICK,
Editor, Chemical and Metallurgical EnRi.

neering.
Modern automobiles are so COM
pletely the product of chemical and
metallurgical engineering that indus
tries as remotely related as alkali and
alcohol, aluminium alloys and plastics,
are beginning to suffer as result OF
labor disputes in automotive factories.
1t is not generally known, but the
automobile industry consumes 10 per
cent of our plate glass, IS per cent of
our rubber, so per cent of the up
holstering leather and rs per cent Of
our alloy steels. In addition, it Is
also the largest single customer for
paint and lacquer, artificial leather
for top and side-curtain material, al
cohol for anti-freeze and gasoline and
lubricating oils.
Naturally, therefore, when sub
stantial proportion Of automotive
production disappears, as is now the
case, there must be corresponding
disturbances all the way down the
line.
Evening star., 1937-01-24
BY GLENN GRISWOLD,
Editor of Business Week.

EQlIOr OF buSlIcSS VEGA
NEW YORK, January 23.-The
most important news on the auto
mobile strike situation this week end
comes from neither the car makers
nor the union leaders at the battle
front, but from the business men be-
hind the lines. They have begun to
count the country's loss from pro-
tracted tie-up of the automobile In
dustry by labor trouble.
Estimates made by Business Week
on the basis Of their reports indicate
that it will be enormous. even If the
dispute is confined to General Motors.
Not only will the total sale Of au-
tomobiles be cut down, but the great
supply industries will be forced to
slow up operations and abandon their
1887 plans for plant expansion. The
consequences will be reduced national
buying power. affecting every depart
ment of business from the machine-
tool maker to the corner grocer. It
isn't enough to say that such a strike
merely halts the payment OF about
$4,000 900 a week in wages and 1t isn't
logical to assume that. If G. M. Is
out of production, the other car man
ufacturers can take up the slack. In
dustry does not expand and contract
like a sponge-rubber ball.
Collateral Effects Seen.
Outside of the heat of battle, a
cold analysis of the loss that will be
felt if this strike is prolonged into
April leads to certain statistical de-
ductions:
!. The minimum direct damage
to American business would be
$780, 100000, which is less than /
per cent of the estimated national
income, but
2. The collateral effects upon
industry and buying power would
spill over into all divisions of our
economic life and play hob with
the forward movement in business
which has resulted from conn.
dence in recovery.
3. Without overstretching the
statistics involved, the basic $780,
100000 might be multiplied by as
much as six to obtain the ultimate
dollars-and-cents ramifications of
a long-drawn-out dispute.
4. And if the cost ran to So
000,000,000, the momentum of re-
covery would be definitely checked,
because that would pull back 1887
national income from a confidently
expected s67,000,O 100000 to only
$64, 900, 900, 900.
The main point here is that business
is expanding; that manufacturers,
wholesalers and retailers are geared to
strong upward trend; that their COM
mitments to purchase raw materials.
supplies and finished goods are inter-
woven inextricably with rising
demand conception of business. Break
into that rising demand and the mo-
mentum is snapped.
The Nome daily nugget., 1937-11-23
l '%g7 @99e eC Q $oee> $go> [0p6y Thornton W. Burgess

any such stranger as Sammy had described.
 Then all of sudden, right on the shore of Paddy's pond. Peter saw a sight that made him quite gasp for breath. Yes. sir. it quite took Pe- ter's breath away. What was it? Why. it was the meeting between Jimmy Skunk and the big stranger Sammy Jay had told about. He was very big, quite as big as Farm CT Browns boy. was the stranger and he wore black fur coat just as Sammy had said. And there were the great big claws. the terrible claws, the most awful claws that Peter had ever dreamed of. As soon as he saw them Peter knew for sure that this stranger was the one who had made the big, strange tracks he had found in the snow in the deepest part of the Green For est at the very last of winter. And now here was the great stranger with the terrible claws walking straight toward Jimmy Skunk and Jimmy didn't seem to know it. lii fact Jimmy was resting and he looked very much as if he were go- ing to take nap. Peter wanted to shout and warn Jimmy. Then he thought of humping. But he didn't do either. The fact is Peter didn't quite dare to.
 But there was no need, for just then the stranger stepped on a stick and it broke with a snap. Jimmy Skunk turned about. Of course Pc. ter expected to see Jimmy run as fast as ever he could. Jimmy sell dom hurries, but he will this time," thought Peter.
 But Peter was wrong. Jimmy did nothing of the kind. For a minute he just stared and stared. The big black stranger kept right on con- ing. Then, instead of running, Jim- my went forward to meet him. Yes, sir. Jimmy Skunk just marched straight toward the stranger with his head and tail held high. The big black stranger stopped and eyed Jimmy bit doubtfully. Then he stood up on his hind legs and he was as tall as Farmer Browns boy. This made Jimmy stop for a minute. Never had he seen any one but Farmer Browns boy himself who could stand like that. But it wouldn't do to let this stranger think that just because he was big and had cruel looking claws he could scare everybody, and so Jimmy once more marched forward You know he really has great deal of confidence in that little bag of scent he always carries with him. The stranger growled. Jimmy kept right on. Then what do you think happened? Why that great, big stranger began to back away! Peter Rabbit could hardly believe his own eyes.
 CT. W. Burgess.-WNU Service.
The Nome daily nugget., 1937-11-23

early in life, going about the neigh borhood and collecting old bones to sell to a fertilizing plant. When he was fourteen, he published school paper with toy printing press. Lat CT he made press of his own and Wilbur improved it. Next he invent ed a paper folding machine for his fathers print shop He quit school in the third year of high school and. with Wilbur, started weekly news. paper which lasted only three months. They then turned to job printing and later started bicycle repair shop.
 At about this time, they became interested in aviation and proceeded to construct the first heavier chan air machine large enough to carry man. As in their previous activi- ties, Orville was the creative gen. jus, Wilbur the perfecter. Their first successful flight was at Kitty Hawk. N. C., in 1903, and the suc- cess of aviation was assured when Orville made flight lasting 62 min. rtes and IS seconds, in 1908.
 N-WNII Service
The Nome daily nugget., 1937-11-23
|WayBackWhen
FORMER MAYOR WAS A SONG
 WRITER
By JEANN E

THERE were twelve children in
 l our family and it was necessary to have a pretty strict rule about being reasonably quiet in the house and at the dinner table. My father repeated so often, Children are to be seen and not heard'' or "Silence is golden" that just to think of those old adages brings back the echo of his voice. I cant agree with the principle of those sayings. Child dren who are encouraged to join in the conversation are likely to have more self-confidence and to be more social minded. In some cases, their very effectiveness may be golden. Take Jimmy Walker for instance:
 James John Walker, who later be- came mayor of New York City and was one of the most popular men ever to hold that office, was born in New York's Greenwich Village in 1881. When still a very small boy, he was nick-named Jimmy Talker" because he could not be
The Nome daily nugget., 1937-11-23

will be the quantity of water vapor needed to saturate it.
 Relative humidity is the amount of water vapor actually in the air, compared to the amount of water vapor that would be needed for sat uration. Air that is fully saturated, and that can take up no more vapor without forming drip or mist, is said to be 100 per cent humidified.
 The relative humidity of body of air depends on the temperature of the air. Consider a room in which the air at tempera ature of 40 de. grees contains certain quantity of water vapor If the temperature of the air is then raised to, say, 60 or 70 degrees. with no more water vapor added, the relative humidity will be less, for at the higher tenn perature, the air has greater capacity for absorbing water.
 Now suppose that the air in a room is at 70 degrees, and contains quantity of water vapor. but not enough for saturation. Coming into contact with cold window glass. the air will be chilled and will lose its capacity to hold water vapor. The excess above the relative humidity of 100 per cent. which is saturation. will be squeezed out, so to speak, and will appear as drops on the glass. The effect is condensatio
 @ By Roger B. Whitman
 WNU Service.
The Nome daily nugget., 1937-11-23

kept quiet His father was run ming for alderman at one time, and Jimmy was sent to explain that he could not be present at polit- ical rally because Of illness. The crowd called for a speech from the young boy, and he did so well that his father was elected.
 Jimmy Walker went to school in New York City. and studied law; but for while it looked as though he might be a professional song writer instead of a lawyer or politician. He wrote several songs which were published and made national hit by composing Will You Love Me in December As You Did in May?" None of his other songs enjoyed the popularity of this one, however. and Jimmy decided upon a more conventional career He went to work as a clerk for the Union Surety Guarantee com- pany and with his earnings re. turned to law school. He estab- lished a fine law practice, and be- came more and more prominent in politics. In 1925, he was elected mayor of New York City and en- joyed more mass popularity than any mayor of recent times has known there.
The Nome daily nugget., 1937-11-23
Snakes in South Africa

South Africa is a snaky place.
 Outside the mamba the most feared reptile of the region is the ringhals, so named by early Dutch settlers because of black rings around its neck. "Hals" means neck. Upon sighting an enemy the ringhals rolls on its back, feigns death. As the victim hears, the snake suddenly rises. squirts venom into his eyes, binding him. Within fifteen feet the snake is deadly accurate. An other terror is the puff adder. Short and stocky. its powerful jaws sink anndlu fanOs deen into the victim.
The Nome daily nugget., 1937-11-23
FIRST AID
 TO THE .ILING HOUSE By Roqer B. Whitman
RELATIVE HUMIDITY
By Roger B. Whitman

MYTH the coming in of air con-
 W ditioning, and the use of hu- midifiers, the term relative humid ity" is used to indicate the percent age of moisture in the air. This term is explained as showing the quantity of moisture in the air com pared to the limit that the air can hold. For a comparison, a sponge picks up moisture and continues to pick it up until it is saturated; be- yond that, any more water causes a drip.
 The amount of water vapor that air can take up depends on tenn perature. The warmer the air, the more vapor it can hold; the greater
The Nome daily nugget., 1937-11-23
INVENTOR RAN BICYCLE
 REPAIR SH0P

THE seed of success is ambition,
 l and Orville Wright was ambi- tious from early boyhood. He was born in Dayton. Ohio. in 1871, the youngest of five children, and as they grew up Orville and one of his older brothers. Wilbur, became in- separable. A highly respectable mid.western family, the father was a bishop of the United Brethren church and later publisher of a re- ligous newspaper; but the family never had a lot of money Or vile Wright started to make money
The Nome daily nugget., 1937-11-23

the Crow had said that he couldn't keep away any longer. First he looked for his cousin, Jumper the Hare. Jumper had not been afraid when Peter had told him about those strange tracks. and he felt sure that Jumper would not be afraid now, But Jumper was mo- where to be found. In fact. Peter had not seen him for some time. not since Sammy Jay had first come screaming out of the Green Forest with his story of the big stranger with the terrible claws.
 So Peter started off by himself His heart went pit-ap pit-a-pat, and he sat up to look and listen so often that it took him longer than ever to reach the pond of Paddy the Beaver deep in the Green Forest. Not once had Peter seen or heard anything to make him afraid. and by the time he reached Paddy s pond he had begun to feel very brave and bold. In fact he had almost begun to doubt if there was