davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1937-06-25
IVA Agrees 10 Sell
Power 10 Arkansas

The Tennessee Valley Authority
today announced agreement to a
contract with the Arkansas Power
and Light Company for the sale
Of surplus electric power produced
by the IVA.
Covering five years, the contract
provides it is renewed automat-
ically after the fifth year until
either party. no 80 months notice,
terminates it.
The Washington times., 1937-06-25
Wool Market

steady: domestic fleece, unwashed, Ohio
and Pennsylvania, 3SG44c: domestic,
pulled. secured basis. a1c92l,1o do
mastic. clean basis. SscdS1; domestic,
territory, clean basis, 6sc 9&1.03.
The Washington times., 1937-06-25

of their own relief funds. And in this con-
meet he went on to argue that the national
money income should be increased so that the
Government could get more tax money to spend
on relief
Then he went on to defend redistribution
of income. He proposed that taxes be levied so
as to take money away from those who are we'll
off. thus enabling him to give it to the under
privileged One-third.
Right away three definite and important
conclusions can be drawn.
o Il
The Washington times., 1937-06-25
Naval Stores

NEW YORK, Tune % Slim
seed oil per pound, lie, CARROTS.
Turpentine, firm. sse.
Rosin firm, common, ss,55.
The Washington times., 1937-06-25
Eggs AND LIVE POULTRY
prices paid shippers-Net F. o. b.
Washington
BY the Z. s. Bureau of Agricultural

Nv the It. s. Bureau Of A Agricultural
raonon,;os
Economies
Eggs-Market steady to firm on nearby
ungraded eggs and prices mostly II
and heated" eggs bringing a discount.
Current receipts, 1917 a zoe; hernery
whites. 81 q Lee. Government graded
and dated white eggs: [. :. extras.
large, 27l.c; L. 5. extras, mediums, 22c:
L. ;. standards, large, @2l.c.
Live pOultrN-Maikct about steady a t
unchanged prices. Fowl: Colored, heavy,
lGWl1C. few at l2c: No. -. &c;
l"ghorns, ia &c: No. 2s. I've; ROSTERS,
i"g. hlchens. crosses 20 "a ne; hocHs'
~ Io" ~ . onpIs L. ,, 1890.
nrd' 80 ia w. "a ~,
~ - ~
FRUITS AND VEGETABLES
Sales in Large Lots by Original Receivers
S.Ios 10 s.Oo
HaieS 10 o'"O A. W.
DeIaware-21 crates ASPARAGUS.
Ohio-24 crates asparagus,
F1Orida-SS Jugs avocados; 80 bushel
baskets eggplant; 10 Jugs lines; Is
20 24-quart crates bIueberries; a. bushei
baskets okra; 81 bushel baskets peppers.
CaIiforria-74 Ing, oyooodo, 90 -
nonnG boxes figs
he SCr'G q, b Har"ns a. busheI baskets
24-a3srt crates bIackberries u" ~ Sns IGT
s1nssb ~ hmsbo, ho.,ote Ssars
% $0-pound crates tomatoes
SoutI, caroline ga bTsbeI ha.L.+s
rurum hers. rs "4ouart croto. n1uohar
RES. zoo busbeI Ia skets oescbogs *
bushel baskets souash ism s-no,,nd he .,
kets tomatoes
AIabama-40 24-ouart crates bIueber-
ries
Unkpoun OrivIn 40 cr.to. ,,,iv.d
Vegetables
PennsyIyania tbree-nourd has
kets mushrooms.
LOuisiana-Fiye barreIs narsIev
v,.ai,,,, nj. -
tS SId I'VE oarIeIs watercress.
Mar 4and' pennsylvania. Vtr-
dnu west NFglnla' bushel baskets
. 40: MihesapS Zi4-lnch mini
nun. SloeoU linen minimum, az 10
90 N-lnch minimum *2'4O q 200;
pen laws, 2't-lnrh minimum. vi %
!, -nch MINIMUM. $l5S 90;
linen minimum. $LoOg l.65: cartons
Faucg Staymans' l4is' $2.4OQ 30 1l2s'
g. . -.oos DehcIous' ll2s: 81 So q 2.'S :
"a go 80 fIppins. u 5 No: !.
I ISos, S2'25 @55; lips, $40 q 2 so:
", W 'n ne iahcy; las, S225 e 80; loOs'
ff-,tOH 90, 44-s: E-.6S "a 10 boxes:
Ia ZONES los *2.55: lbs, $2'52 %
-. Ioos ana larger. 81 80 a 265 De
locus, II"S' *2.9U a 2'6' zoos, 500 %
20, M,neSapS' laSs and 1888. $50 q
and ~, Us SnH LIS. w" 2.eo; LOS lbs
The Washington times., 1937-06-25
HANEY S ss 9 ?s ~: ,iSe i::S
By LEWIS HANEY
Professor of Economics, New York University

careful study of President ROoeves remarks at press
conference last week we'll worth while He opposed sug
roson that localities he required to contribute directly part
The Washington times., 1937-06-25

CANADA
Montreal funds in New York, S's2 pep
cent discount, at $1,000.
S6Hollon. -. 8 ?MH NH NH NH NH
Evening star., 1937-11-16
BIG INVENTORIES
HOLD ATTENTION
Continuation of High Sales
Rates Reduces Risk
of Heavy Losses.
By the Associated Press.

By the Associated Press.
NEW YORK, Nov. 1s.-"Keep in
ventories in hand" Is the watchword
Of business today.
During the great recession Of $780,
1882 one blight was the size Of inven-
tories in some lines. Up to the time
trouble set in trade and industry had
undergone an enormous boom and
shelves Of retailers and manufacturers
were well stocked.
The following inventory increases by
the end Of 1880 over 1929 were esti-
mated by Standard Statistics: Cop
per, 115 per cent; zinc. 14o; tin. 66;
turpentine, "a; rosin, As; cement, 10,
and lubricating oil, 80.
This swelling Of stocks resulted In
severe losses for some manufacturers,
an experience still fresh in the minds
OF most, and may result in q more
cautious policy.
Last spring there was a general
scramble for numerous raw materials.
Producers were confronted with higher
costs. Labor troubles were prevalent.
The spectacular run-up of steel output
provided an example of the desire Of
manufacturers to be we'll supplied.
How well many were supplied with
steel has been shown in the recent
sharp dip in output.
Declines in output of other products
and declining commodity prices also
bear witness to the extent to which in
ventories had been allowed to expand,
AS some see it, however, heavy in
ventories this time does not carry the
threat to business which ruled be-
tween 1880 and 1882. For instance, ID
has been noted that, although indus.
trial production has slumped with but
little interruption since last spring,
consumer buying has held at q rela-
lively high rate. If these trends con-
tinue, alalysts feel there will be a
good chance Of keeping inventories to
manageable proportions.
Evening star., 1937-11-16
FEDERAL LAND BANKS
NEW YORK Nov 16 lP.-Federal Land
CHICAGO PRODUCE.

CH1cAGo; Nov. 10 lP..-Poultry. live
! car. 40 trucks; steady to firm; Leahorn
hens 151a; Springs. I pounds up, colored
2o: plymouth Rock, 81; White Rock, %:
Rock. -, White Rock ..ia;;, Leshorn
chlckenS. !Ii2; young ducks. 4i2 pounds
up. colored. Is: white. 10: hen turkeys.
-. young toms, 20: old hens, "a; old
Dressed H. market steady to Arm: young
"a: other prices unchanged
Butter; 6,4St; extras firm, others easy:
other PRICES unclaimed Eggs, 3.366;
e6'2 current receipts, 24i2: refriqerator
extras. 1914; standards. 10; hrsts, 1872.
Potatoes. :3}; on track 213: total U s.
shipments i43; best quality Idaho Rus
sets, firm. slightly stronger tendency; de-
mand moderate: other stock steady: de-
mand lieht; supplies moderate; sacked. per
cwt., Idaho Russet Burbanks U. S. No. !.
I.39-5o; U: S. No; ., 1.l71a-25: Colorado
Red McClures. U. S. No, l. .40-55: North
Dakota Bliss Triumphs, U. s, No. i. .15:
CSeonlers. 20 per cent u 8. No l. ;0ola-
g, No. |; 1.00-05: early ohios. 90 per cent
U. s. No. l. ,55-01ia: Michigan Chip
pewas, U. s. Commercials. l.15.
Evening star., 1937-11-16
DIVIDEND FLOW
GETS UNDER WAY
Boards Of Many Leading
Companies Announce
Special Payments.
BY the Associated Press,

~ tuc AbSOClAteQ FIe8B.
NEW YORK, Nov. 16.-A new flow
Of special and year-end dividends was
underway today as corporation direc-
tors announced disbursements to
stockholders to avoid payment of the
Federal tax on undistributed profits.
The series Of announcements was
reminiscent, although on smaller
scale, Of last years rush when in the
final two months something like
81 500 10000 was paid out.
Kennecott Copper.
kennecott Copper Corp. announced
a special dividend of 81 and a pay
ment of so cents a share, payable De-
cember % to holders of record No.
vember rs. In June and September
special cash distributions Of Is cents
a share were made.
c., N. o. T. T. p. Railway.
Another juicy plum was ordered paid
by the Cincinnati, New Orleans g.
Texas Pacific Railway. which declared
an extra dividend Of $225O a share
on the common stock, together with
the regular semi-annual disbursement
Of IS.
Newmont Mining.
Directors OF Newmont Mining Co.,
holding and investment concern,
declared dividend of rs cents in cash
and year-end payment of one-tenth of
share OF Phelps Dodge Corp. COM
mon stock for each share of Newmont
stock held, both payable December Is
to stock OF record November 80.
Other Firms Listed.
Other companies dividing earnings
included May Hosiery Mills Co. with
dividend Of so cents a share on the
common stock; Viking Pump Co.. a
special disbursement of $125 on the
| common, and Transue l. Williams
Steel Forging Corp, IS cents a share
as year-end dividend and a quarter
ly dividend Of Is cents.
International Paper.
International Paper l. Power Co. an
| nounced two initial dividends of $l.25
each on the new per cent cumulative
preferred stock, one the regular quar-
terly dividend for the present period
and the other to apply on arrears ac-
crued since last January /. Both dis
bursements are to be made December
10 to stock of record November rs.
Lake Shore Mines.
Lake Shore Mines, Ltd, Canadian
| gold producer. announced an extra
dividend of 81 and the regular quar-
terly dividend of 81, both payable De-
cember IS to stock of record Decem-
Der /.
Evening star., 1937-11-16
DIVIDEND IS BOOSTED.

NEW YORK, Nov. is (SpeciaD -
Bfdsboro Steel Foundry g. Machine
Co., Birdsboro. Pa, declared a divi-
dend Of so cents per share on its new
no par value common stock, payable
December IS to stockholders Of record
December l.. The two previous divi-
dends on the stock were Is cents per
share each, the initial dividend having
been paid July Is and second divi-
dend on October Is.
Evening star., 1937-11-16
DAILY OIL OUTPUT
UP 9,919 BARRELS
Oklahoma Reports Decrease
While Texas Average
Climbs Sharply.
By the Associated Press.

~ tne ASsOClateo FreSB.
TULSA, Nov. 16.-Average produc-
ton Of crude oil In the United States
increased 9,9l9 barrels daily during the
week ending November 13 to an aver
age Of 3,547.122 barrels daily, the OIL
and Gas Journal reported today.
Oklahoma decreased 25,800 barrels
daily to total of 556.575. East Texas
increased 85l barrels daily to 485. .74S,
and the State Of Texas increased 2,552
to an average of ! l,429, ga.
Louisiana increased 3,799 to a39, ,449,
California was up 1880 to 7l0,l50,
and Kansas increased 19,075 barrels
daily to 193.3o0.
Eastern States including Michigan,
increased 725 to 187,369. The Rocky
Mountain area decreased 4,7S0 to ST.
600 barrels daily.
Evening star., 1937-11-16
Home Loan Banks
Offer $25,O0O,OOO
Debenture Issue
By the Associated Press.

By the Associated Press.
NEW YORK. Nov. 16-Public Of
fering was made today Of $25,00o, 900
three-year 2 per cent Federal Home
Loan Bank debentures, the largest
new securities Offering since early
October.
The bonds are consolidated deben-
lures, series c, due December l, 1910,
and will be priced at 100h per cent,
to yield about 1877 per cent. Pro-
ceeds will be used ITO meet the
steadily continuing expansion of the
Federal Home Loan Bank System" 4"
an announcement said.
The offering was the first by the
Home Loan Banks with . maturity
exceeding one year. Two issues Of
one-year debentures, aggregating 353.-
100000, were sold earlier this year.
Evening star., 1937-11-16
By the Associated Press.

By the Associated Press.
NEW YORK, Nov 16.-United
States Federal loans pushed modestly
forward in the face of a retreating
bond market today.
As the session went into the final
hour Federals ranged up around 5-32
Of point.
Losing point or more in the corpo-
rate division were Rock Island Is,
Erie SIS, International Hydroelectric IS,
International Paper IS, Southern Pa
cific 4i2s, Utilities Power g. Light SIS
and Youngstown As.
A few rail liens went counter to the
trend for minor fractions, including
Great Northern 4i2s, Illinois Central
iAs, Union Pacific 3l2s and St.
Paul IS.
Foreign dollar loans were generally
lower. Argentine Is dropped around
2 points. Japanese, some Italian and
German obligations pointed down.
Evening star., 1937-11-16
UTILITY PREFERREDs GAIN.

NEW YORK, Nov. l6 Especially
Utility operating company preferred
stock prices rose during the last two
weeks. according to Distributors
Group. Ines index of 80 stocks. Ths
index closed on November II at 1910,
compared with 71.0S on October 10.
The high for the year was COTS on
January az. and the low. 6s.99. on
October is
Evening star., 1937-11-16
NEW YORK PRODUCE.

NEW YORK. Nov is UP.-Esss 133o0
irregular. Mixed colors, special packs
Reiris,rator: Special packs. aoia-I4
standards. 90: nrsts. 1919: seconds. lss
1e: mediums and small, ls.1sss; dirtiss
But,er ~ 2as: steady. Creamery high.
e. than extra, $50. extra (9e scorsl
saA.H: hrsss ,ss-el seoreso, 34-37N
Cheese, 273,466; irregular; prices un'
changed.
Evening star., 1937-11-16
FOREIGN MARKETS,

LONDON. Nov. 16 lP.-Prices we're
marked down in practically all sections in
the stock exchange today, rejecting yester-
DAYS New YORK decline in securities Com
moditles also fell sharply, especially base
American issues. althoueh small recoveries
were made near the close. Industrials. oils
ana mining shares were heavy while the
Rllt-edsed section held steady
PARIS.-lnternational shares were frm
IN an otherwise mixed stock market today,
selling lower Royal Dutch declined II
francs and Suez Canal lost SO francs
Rentes finished 10 centimes higher to SO
Evening star., 1937-11-16
q. S. TREASURY POSITION.

The position Of the Treasury November
-: Receipts. 22,962, 7S9. .S5; expenditures,
Sl3431,774. GA: balance, So, ,662 O6S, =
$3.50: customs receipts for the month,
S14219,210.S3.
u. 81. 154, 54,342.77T.79; expenditures, ST.
s316s6 ,s36.75. including S770,37e,53 90
penditures S6S7,344, ,05S So gross debt,
S37.O5l ,562,394 40. an increase Of So
177.o65 20 above the previous day: sold
assets. Sl2.72s, ,aS5.94S.24 including ST.
257,441 5000 OF inactive gold.
Evening star., 1937-11-16
DIVIDEND IS INCREASED.

BOSTON. Nov. is (SpeciaD Dbl
rectors Of Simonds Saw d Steel Co.
today declared . dividend of 80 cents
a share, payable December is to stock
holders OF record at the close of busi-
ness November ~. This constitutes
substantial increase over the previous
dividend, paid in September, which
amounted to so cents share. On the
basis of the present shares, adjusted
for the 1o-for-l split in May of this
year, this declaration brings dividends
for 1897 to total of 81 a share.
Evening star., 1937-11-16
BUSINESS LOANS
STAGE ADVANCE
Weekly Statement DiscIoses
Upturn After Steady
Downward Trend.

BY the Associated Press.
The Federal Reserve Board reported
late yesterday an upturn of bank
loans for commercial, industrial and
agricultural purposes
Although the pre-Christmas season
usually causes a temporary rise in
such loans, they had dropped in the
three previous weeks Before that,
business loans had climbed almost
without interruption for q year.
The boards weekly statement Of
the condition OF banks in l0l leading
cities showed q $19,O00,OOO increase
in such loans for the week ended No
vember 10. This almost Cancelled the
decline Of the previous week.
The outflow Of foreign money
which began in September continued.
the board said, showing a s28, 8,000, 900
drop In foreign bank deposits.
The boards statement gave the
following summary of assets and LA
biities on November 10, together with
changes for the week and with the
same week last year, in millions Of
dollars:
Nov n
Evening star., 1937-11-16
BOSTON WOOL MARKET.

BOSTON, Nov. l6 R.-(United States
Department of Agriculture. Wool quota
tions were entirely nominal today due to
lack of business.
33 to 35 cents in the grease for fine de-
lanes, 35-36 for. staple combing lensths
half blood. 35-37 for three-eishths and "a
asked on woods voluntarily offered. Con-
s1derab!y lower prices were reported on oc-
casional sales OF small distress lots.
Evening star., 1937-11-16
TOBACCO AVERAGE HIGHER.

NEW YORK, Nov. l6 R.-Average
price Of United States type IL, grade
B4F, tiue-cured tobacco for the week
ended November IL advanced to 24.I
cents pound from 73.5 the previous
week, H. A. stioh, tobacco economist,
reported.
Evening star., 1937-11-16
HUMBLE OIL ORDERS
REGULAR DIVIDEND

BY the Associated Press.
HOUSTON, Tex, Nov. l6-Direc-
tors OF the Humble Oil g. Refining
Co. yesterday declared the regular
quarterly dividend, amounting to 62l2
cents a share, payable December ~
to stockholders OF record Novem.
Der ~.
Evening star., 1937-11-16
VIRGINIA TOBACCO
MARKETING SPEEDED
By the Associated Press.

BY the Associated Press.
RICHMOND, Va, Nov. 16.-To-
bacco warehouse men predicted to-
day most of the crop in the Virginia
old belt would be disposed of when
the States markets close for Christ
mas holidays.
Several experts estimated appoxi-
mately IS per cent of the leai already
= had been sold.
Common to medium grades of to-
bacco flooded the markets yesterday,
but prices for the most part. remained
on an even keel, grade for grade.
Choice piles of wrappers brought up
ward of $50 a hundred pounds
Poundages and prices on markets
reporting official figures yesterday
were:
Evening star., 1937-11-16
TREASURY PURCHASES
OF BONDS DECREASE
By the Associated Press.

Secretary Morgenthau announced
yesterday that net market purchases
OF Government securities by the
Treasury for its investment account
amounted to $3,7l600O in October.
The amount was ss,sO0,oOO in Sep
tember
Evening star., 1937-11-16
MONEY MARKET.

NEW YORK. Nov. Is LP.-Call money
cial paper. ] per cent: time loans steady:
5000 days IA; As months u per cent !:
BANKERS acceptances UNCHANGED: rediscount
rate: New YORK Reserve Bank. ] per cent.
Evening star., 1937-11-16

Due to change in form, comparable
nfures are not available.
Evening star., 1937-11-16
NEW YORK BANK STOCKS

NEW YORK, Nov. I6 tP,.-New York
Security Dealers Associa Non:
(Quotations as of nrlocEl
Evening star., 1937-11-16

-. Nov. To. Nov g. Nov TO-
Loans and invest
mentS-total 81. sos -6 $50
LoanS-tOtal $500 -o5 - S36
Imperial Valley press., 1937-04-12
HONOR THE PIONEERS
IN IMPERIAL VALLEY

Last weeks meeting of the Imperial
Valley Pioneers Association reminds us
that the valley, while not entirely over
looking this association, can hardly be
said to pay it the honor which is its due.
Perhaps it is because the pioneering
era is too recent to call down the marks
of respect which would be accorded in
other older communities. 1t may be that
too many of us are among the pioneers,
so that we regard them not as a race
apart, but as matter of every day fact.
1t is time we began to realize the serv-
ice these men and women have given to
Imperial Valley, building from the des-
ert. overcoming obstacles which would
have frightened off any but the most
hardy, fighting nature and economic OBJ
stacles at the same time.
In future years, Imperial Valley will
look upon its pioneers as California now
looks upon the 49'ers 1t is not too early
to give these people some measure OF
the honor which is their due.
Imperial Valley press., 1937-04-12
PUBLIC SCHOOLS WEEK 2
BRINGS THIS TO MIND

Public Schools Week, which Will De
observed in California during the week
of April 26 under Masonic auspices, re-
calls to mind the thought that the
nations of the world would be far bet
ter off if they spent as much on educa-
ton rs on armament. 1t is startling TO
cons der comparison of the costs of
education and preparation for var
one a constructive, the other a destruc-
tive force.
Great Britain, during 1887, will spend
the equivalent of S476,000,000 on educa-
ton. 1t will spend $780, 100000 on ar
maments. France will spend S185,OOO,-
600 for education, 1862 100000 for wea-
pons of war. Italy will spend 81 $685.
Oo9, 900 for war, and only S13O,OOO,OOO
for knowledge.
The United States is somewhat better
off. with states and counties contrlbut-
ing to education, but the federal gov
ernment here will spend about billion
dollars on national defense in 1897, as
against 5000 ,O00,0 for education. Uncle
Sam. however, considers education
state affair, so can be partially excused.
If the nations spent as much on edu-
cation as on war, the people would be
too well educated to tolerate war. Per-
haps the European dictators do not want
this situation.
Imperial Valley press., 1937-04-12

The supreme court did a number
of things when it had that field day
recently. One job which almost
escaped attention in the rush OF
bigger things was its disposal of the
case of Mr. George w. Norris, gro
Ger. of Broken Bow, Neb.
The courts ruling in this case
proved that it is possible, after all,
to punish man for perjury in this
country-if you don't care how
long it takes you or how much
money it costs.
The fate of Norris as an indivi-
dual Is not particularly important.
He was just a well meaning man
who was played for a sucker by Ine
big boys and left high and dry
on sanibar when the waters re-
ceded. First and foremost, it was
his name that got him into trouble.
If you remember the case, you
Imperial Valley press., 1937-04-12
News Behind the News
What Court Plan Leads To And
What the NeU Deal Wants :. EUen-
tuaI ObliUiOn For Justices

WASHINGTON.-Witne appearing before
the Senate Judiciary Committee in opposition to
the Presidents judiciary plan have warned the
country against accepting reform which might
open the way either to the German type of nom
parliamentary Fascist government-or the Eng
lsh system of parliamentary government.
Some OF the clearest thinkers on the other
side agree with them to the latter poosibili-
ty without admitting that adoption of the
Roosevelt proposal would in any way bring the
country nearer a dictatorship.
Successfully within the next decade, certain
New Deal strategists would like to see:
Adoption of the Roosevelt plan in the near
future-followed by decline in the prestige and
power of the court as an institution.
Ten or 15-year terms for Supreme Court JUS
tices, instead of life tenure as at present.
constitutional amendment such as has been
proposed by Senator Burton X. Wheeler OF
Montana, permitting Congress to override Su-
preme Court negatives of its legislation. Is
Eventual removal of the courts power to
declare laws unconstitutional
Theoretically. that would leave Congress su-
preme in the field of government aside from
the executive branch and its veto power. 1t
would result in parliamentary form OF gov
ernment more similar to the English than the
present system. No English court can declare
an act of Parliament invalid.
Such predictions are all the more interest
ing because of the fact that you can lind lead
ers both sides who agree that the principles
of the Wheeler amendment will eventually get
into the Constitution Most conservatives oppose
that principle, although some may pretend to
favor II as a means of diverting support from
the Presidents plan. Some noeralS lear IT,
believing congressional discretion is not suffi-
cient safeguard against abrogations of civil and
religious liberties
Recently this writer mentioned the case of
an unnamed senator who understood to be
ready to deliver his own vote and that OF his
colleague from the same state for the Presi-
dents plan if he were given certain circuit
court judgeship for himself
Some of Senator Wheeler's political enemies
in Montana are said to have whispered the story
that the senator described was Wheeler That
rumor is untrue and absurd. -.
If Wheeler has any personal ambitions in the
court fight-say concerning the presidency OF
the United States-certainly no one can say
they have motivated his course. For one thing,
Wheeers record as a fighting liberal stands
out over long period of years. And for an
other Wheeler probably isn't improving any
1910 chances by assuming leadership in the bat
tie against the Roosevelt plan.