davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-08-31
Ey the Associated Press.

ES the Associated Press
NEW YORK, Aug. 3l.-Rail loans
we're depressed today by wide break
in Nickel Plate issues, but other corpo-
rate groups in the bond market re-
manned fairly steady within a frac-
tional range
Pressure on the carriers eased in
late trading, permitting a moderate
and uneven recovery, in which, how
ever, the Nickel Plate loans partici-
pated only in very slight degree.
The slump in the Nickel Plate bonds
running from around 3 to nearly ;
points followed overnight announce
ment the road intended to omit Sep
tember ! interest on the &C" Alps of
'78. These bonds, offered in heavy
volume, met support after recording a
decline of more than points. The Is
OF As, 512s of IA and IS of '38 suffered
wider losses.
Thin markets accounted for sharp
declines in Marion Steam Shovel IS,
st. Louis Southwestern first As and
Erie general lien As.
Fractionally higher at the start
OF the final hour were International
Hydroelectric IS, International Tele-
phone IS, Bethlehem Steel 4l.s. Co.
lumbia Gas & Electric SIS May, and
Studebaker IS.
United States Governments were
mixed with gains running to 5-32 of
q point and losses to $50.
In the foreign sector Czechoslovakia
ss OF 81 dropped more than 3,s on
small offerings. The decline was re-
garded as measure of current an
xiety over the situation in Central
Europe.
Evening star., 1938-08-31
NEW YORK PRODUCE,

NEW YORK. Aus 81 E.-Butter.
sstra' ssn ssI.-"7ss extra g. eow,. Ss.
! Cheese 1915. l:.,3: weak. State. whole
milk flats, held, fancy, / a36 unquoted: :
held. 1887, 1921; fresh. fancy. 133t-I6,
Eggs 20415: Arm. Mixed colors special
packs, s5h--30i7: standards. 24S. -a5:
frsts, 2394-24 seconds. 2.I2; mediums.
2lA: dirties No l, 21; average checks,
1s-1ala
Whites, resale of premium marks, 4O1,-
~: nearby and Midwestern, premium
marks; 37ls.4o; exchange specials. 3oM-
nearby; fancy mediums. .33la-37: nearby
and Western, larger pullets to exchange
mediums. 25-33; peewees to pullets 1924.
Browns. extra fancy. 33ia Al: nearby
and Western, special packs, 81: other
Western standards. ~: nearby, exchange
mediums, 25.
Dressed poultry irregular Boxes. fresh:
Chickens broilers. 13-1a Other fresh
western boxes and barrels .2-36.
Live poultry. by freight steady to .firm.
Chickens. Rocks, 1920: colored and Leg
horn. 1s. Broilers. Rocks 1890: leg
1915. Old roosters. 16.
BY express: steady; brolers. R6cks. 1s-
IS; crosses. 1922: Reds, 16Ia-1a: Leehorn.
1870. Fowls colored .O-.,: Leshorn
Evening star., 1938-08-31
DECLINE SMALLER
IND. c. CLEAR|NCS
$88,017,O63 August Total
Is Only 4.8 Per Cent
Below Year Aqo.

Washington bank clearings in Aug
ust narrowed their decline from levels
OF year ago, according to the report
of the Washington Clearing House
Association, George Bright, manager.
The August total was $s8,0H. .063. 10,
or approximately 4.8 per cent below
$9l, $50, 1882, recorded in the 1887
month. The July total OF, ,$94, 1855 ,854.04
was l46 per cent below a year ago.
While the August total showed
decline from q year ago as well as
seasonal drop from the previous
month. 1t was well ahead OF levels for
August in the following previous years:
$82, ,745,o29 in 1886, ,s$75,5 543, ,s7l in 1895,
$59,433,29l in 1884, $45,405,93 in
1888 and $68, ,830,6l9 in 1892.
Clearings for the first eight months
OF the year made a similar showing,
the total Of $74s,439, ,348.24 being be-
low the 1888, 3,600,88l. so of the same
period a year ago but ahead OF pre-
vious years. Eight-month totals for
various years follow: s733,974, ,661 .03
in 1896, $604, 3,87219 In 1895, 49,
l84.l20.87 in 1884, 1898, ,859, ,969.3L in
1888 and s664,353,854.70 in 1892.
Totals for the first eight months Of
1888 and 1887 follow:
Evening star., 1938-08-31
RETAIL DRUGGISTS
TOP CHAIN SALES
Trade for First Half Year Is
Only rs Per Cent Under
1887 Level.
Special Dispatch to The star.

NEW YORK, Aug. 3l.-Whether be-
cause OF benefits derived from price
stabilization of national brands under
the fair trade law, or because o. better
sustained buying power in rural and
other non-industrial areas, independ-
ent druggists reported sales for the
first half at only 25 per cent under
the comparable 1887 level. according
to the Standard Statistics Co. Chain
stores showed an average monthly de-
cline of per cent.
This may have contributed to the
abrupt drop in drug manufacturers
earnings, which ran about q per cent
under last year in the first quarter and
some l3.5 per cent in the first half.
The theory is that the restrictions
surrounding the use of widely adver-
tised products as loss leaders, a prac-
tice common with the chains, operated
to reduce sales OF the chains as well
as those Of the concerns manufac-
turing the loss-leader type of product.
However, the relatively better drug
earnings in the second quarter suggest
that manufacturers were able to effect
operating economies sufficient to sta
bilize profit margins.
Prospects in the last half are gen.
orally favorable. Whereas retailers
were following policy of reducing in
ventories in the first half, the incli-
nation to order more normally should
result from brighter business prospects
this fall. The third quarter is sea-
sonally dull in this business. but the
decline this year should run to no
more than usual proportions.
The final quarter is normally a Pc
riod OF brisk gains. and If the general
improvement reaches expected propor-
tions, it would be reasonable to look
for somewhat better than seasonal in
creases later on.
Evening star., 1938-08-31
S. E. c. REMOVES BAN
ON MINING STOCK SALE

BY the Associated Press.
The Securities and Exchange Com
mission today removed stop-order
blocking proposed issue and sale of
225.000 shares of common stock by the
Austin Silver Mining Co.
The commission said asserted def
ciencies in registration statement on
the issue. which caused the stop
order July 13, had been corrected
The commission disclosed the COM
pany must file additional information
on the stock issue before any legal
offering is made
A statement by Frank L. Miller and
Paul E. Schaeffer, Austin counsel,
said, This will enable the company,
after bringing all registration matters
up to date, to proceed with Its plans
for the further development and opera
ton Of its properties"
Evening star., 1938-08-31
$154,S9D PROFIT
FOR GRANT CHAIN
A. G. SpaIding & Bros. Has
Profit From Operations
Tota|ing $125,576.
BY the Associated Press.

BY the Associated Press.
NEW YORK, Aug. 3l.-W. r.
Grant Co., operators Of a national
chain Of variety stores, reported today
for the six months ended July 81 net
profit of sl54,ssO after taxes ard de-
probation. compared with Sl,394,976
in the first half of the preceding fiscal
year.
A. G. Spalding & Bros.
A. G. Spalding g. Bros. reported to-
day for the fiscal quarter ended July
81 profit from operations Of sl25,576,
compared with s424,l2l in the COM
parable quarter last year. After
extraordinary expenses incident to
closing of stores, removal of excise
taxes, etc, final profit was $5,332. For
the nine months ended the same date
the loss was reported as $4l0,7ss,
compared with profit of sll2,482 in
the comparable period last year.
The company operates stores in
leading cities and had manufacturing
plants in the East.
Evening star., 1938-08-31
100000 Issue
Viii Be Offered =.
For Gulf States
By the Associated Press.

NEW YORK, Aug 3l.-A banking
group headed by Stone g. Webster
and Blodgett, Inc. today will offer
to the public an issue of $4,000, 900
Gulf States Utilities Co. first mort.
gage and refunding 4 per cent bonds,
series C. due October /, 1866, at 1o4-
and accrued interest The bonds will
bear interest from April /. 1898.
The securities, it was pointed out.
are being offered following consumma-
ton of the plan by which Gulf States
Utilities acquired all of the properties
and business of Louisiana Steam Cen
Grating Corp, and all of the props
critics and business, except the bus
properties, of Baton Rouge Electric
Co.
Proceeds will be used to redeem
bonds and retire debt of the parent
Gulf States Utilities and its subsid-
iaries.
Evening star., 1938-08-31
'Reported. by Smith. Barney T. Co.
BOSTON WOOL MARKET.

BOSTON. Aug 81 Up, ~. s. lat. Agr.)
was very quiet in ths Boston
wool market today. but quotations on
greasy. shorn domestic wools were fairly
arm: Good French combing lengths fine
territory woods in original bags were
steady to drm at 90 to 65 cents. secured
ing available occasionally at prices on the
low side Of the range. A little interest," was
being shown in country-packed mixed lots
though requirements were comparatively
limited. it was found necessary to pay up
to 30 cents in the grease. delivered East
to fill the orders. Only an occasional lot
was available at % to 20 cents in the
grease.
Evening star., 1938-08-31
NEW YORK SUGAR.

NEW YORK Aug. 81 lP.-Raw sugar
was unchanged early today at go for
spots. Holders asked 2.95 and no sales
were reported
Sugar futures were higher on further
covering and buying by trade and Cuban
interests. encouraged by continued Arm
tons Of an increased demand for refined
There was some irregularity in September
in both contracts due to issuance of 90
September No. 3 reacted from l 96 to
1a5 or UNCLAIMED, while March held
No. i September sold up from .ol m to to
l.O2 and May from 1.1O to 1.1O1a. or l
to > points net higher
Refined was UNCHANGED at 1904 so for
fine granulated There was a good with
drawal demand.
Evening star., 1938-08-31
OAKFIELD is ACQUIRED
BY NATIONAL GYPSUM

By the Associated Press.
NEW YORK, Aug. 3l.-National
Gypsum Co. has acquired Oakfield
Gypsum Products Corp. for $1,000
shares Of Nationals stock, 1900 of
which were in the company's treasury,
and $4,000 in cash.
National Gypsum plans TO use the
Oakfield buildings and machinery for
construction and equipment of its new
gypsum plant at Savannah, Ga. Prop
critics on the Oakfield Co., which has
engaged in the manufacture and sale
of gypsum products since 1925, are in
or near Oakfield, N. Y.
Evening star., 1938-08-31
DIVIDEND is REDUCED
BY STANDARD BRANDS
BY the Associated Press,

NEW YORK, Aug. 31-Standard
Brands. Inc, reduced its common
stock dividend today, directors order
ing payment of 1912 cents compared
with Is cents in two previous quar-
ters. 1t is payable October l to stock
of record September II.
A regular quarterly dividend Of
sl.l2l2 on the preferred stock was
ordered, payable December IS to stock
of record December l. The company
is Nationwide producer and dis
tributor of food products.
Evening star., 1938-08-31
FINANCIAL BAROMETER.

NEW YORK. Aug. 81 0P.-Deposits
held by New York City. banks for the
account OF foreign banks increased 4
little recently. following the latest war
scare and shift Of capital to the United
States from Europe. But short-term for
been drawn down greatly in the pass year.
Partly this liquidation Of foreian bank
the International trade scales. disturbed by
heavy excess Of exports over imports
In the United States foreign. trade figures
Foreign bank deposits reported by New
York City banks compared as follows:
Week ended August "a - $3.50 600 OOn
Preceding week - 10000 600
Same week last year ---- 524 900. 900
Evening star., 1938-08-31
CONSTRUCTION AWARDS
INCREASE 6 PER CENT
: the Associated Press.

Ry the Associated Press.
NEW YORK. Aug 31.-Major en-
gineering construction awards for Au-
gust. 1921 900, were 6 per cent
above last month. 80 per cent above
August, 1887, and highest for any
August since 1880, Engineering News
Record reported today.
On. the basis OF weekly averages,
August awards topped every month
since June. 1887
Construction awards for months
Of 1898, $l,7l4.535.O00, topped the
first 8 months of 1887, $1,675, ,497, 900,
by 23 per cent
August public construction was
highest OF any August in II years,
and highest month since January,
1896.
Private construction was l per cent
below last month: "a per cent below
last year. The chief gains were in
State and municipal, awards. Values,
IN f0Ilr.Uaek hoSis uore.
Evening star., 1938-08-31
DRY GOODS MARKET.

NEW YORK. Aug 81 (Pl.-Demand for
cotton gray goods improved today Bid
ding was more active. but most bids were
too low to suit mills. Finished goods con-
tinued in moderate volume Better de-
mand for wool goods resulted in shortages
Of many types of mems wear suitines.
Rayon yarns sold in fair amountS. Burlap
was quietly steady
Evening star., 1938-08-31

Shattack DEM Mining Corp.-Com-
mon share earnings before depletion
and Federal income, for six months
ended June 80, were 6 cents.
Evening star., 1938-08-31
FEDERAL LAND BANKS
NEW YORK, Aug. 81 R.-Federal Land
q. S. TREASURY POSITION.
BY the Associated Press.
The position OF the Treasury August 20

The position Of the Treasury August 90
was:
2O2 80, including 81 Sl.62S7l3.6l2. 80 work.
ing balance; customs receipts for the
month. S2T495. 5000.
~. STs5. .524,164.22; expenditures. $1.416.-
259 1871 90. including S434 s79. .a14, 80 Of
emergency expenditures: excess OF ex-
penditures. &629. .134.9 4.9Q7.71: gross debt,
$37. .537 $40. s63 80, an increase of - 2O7-
1868 above the previous day; gold a.
sets S13.1O3,402,74o.6 80.
Evening star., 1938-08-31

In bankruptcy or receivership or being
reorganized under the Bankruptcy Act or
securities assumed by such companies.
Rates OF dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi annual declarations
Unless otherwise noted special or extra
dividends are not included
Alison extra or extras. Declared or
paid SO Tar this year. no regular rate.
PAYABLE in stock. gPaid last year
paid or declared this year Wv with
warrants. Nv Without warrants. war War
Evening star., 1938-08-31
NEW YORK BANK STOCKS
NEW YORK. Aug. 3l.-Investment Bank
ers Conference, Inc. tbank and trust di-
FOREIGN MARKETS,

LONDON. Aug. 81 pa firmer ten.
oepcy developed in the stock market late
today and was featured by the recovery in
ioreisn bonds and eilt-edsed securities
Traders were more cheerful REGARDING
European affairs and favorable advices
from Wall Street also helped in the up.
ward rally. Buying from continents al
sources oeneflted some, industrjals. espe-
cially coppers and oils TRANSATLANTIC
issues finished with gains of fractions to
. points over Tuesday and rubbers were
steadler Poor traffic returns caused do
mestlc rails to remain heavy.
Evening star., 1938-08-31
ODD-LOT DEALERS.
BY the Associated Press.

The Securities Commission reported to-
day these transactions by customers with
York Stock Exchange for August 80: 4,027
purchases involving 1O3.7S6 shares; 1890
sales involving 1855 shares.
Evening star., 1938-08-31

LIVERPOOL Aug. 81 ,p-Wheat fu-
lures touched the lowest prices in more
than, three years and closed Id to lid
net lower. Bearsh weekly Canadian re-
ports. increased offerines from Russia
and pressure from the United States were
contrloutlng factors on the decline. There
A more .optirnistic feeling over European
analrs and weakness in sterling exchange
attracted buying in cotton futures and
the market closed with gains of ? to
points. ~
Evening star., 1938-08-31
SHORT-TERM SECURITIES.
(Reported by Smith. Barney L. COY

Bid. Oner.
AuburnSAuto Co 4'4s 1899 20 aS7s
Austin & Northw. IS 194l Is
Baldwin Loc. Wks., IS 1910 as 90
central FOUNDRY IS 1871 10oi2 1919
Ches & Ohio Ry IS 1899 1927. IO3
Container Corp 5s 1943 a5la a5a4
Cuba Nor. Rvs 5ias 1912 "a rs
Del. & Hudson 4ssl943 5ll2 55
Eols. Eiec. !llum: As 1889 10ll1 1929
Gen Pub. Syc 5l2s 1899 9S5 90
CIR. Rap. &, Ind 4I.s 1941 1O4
Houston Oil 5l2s 1910 1Ol34 lOo
Illinois Steel 4los 1910 1O6 1861.
Init. Mere. Marine 6s 1941 40 ASA
Int. Tel 4 Tel Alas 1899 10Ois 1OOH.
I.aclede Gas Light IS 1899 So as
Lake Erie & West 5s 1941 90
Lehigh v. Ter. Ry IS 1941 so 80
Louisville & Nash. As 1910 1OOsa 1OOia
MICHIGAN Central As 1910 20 %
Midland of N j. IS 1910 14a4 1917
Milw. & Northern 4iss 1899 32i2 so
n. Y. Tel Co 4las 1899 104la IO4ss
Pennsylvania Co 3las 194l 1O1l, 1922
Penn-Dixie Cement 6s 1a4l 92ia a3I,
Penna. r. R Co As 1943 1O1l2 Ill
Phila.. Bait. & w. As la43 los 1Oaia
T. R.R As. St. L. 4i2s 1899 lo3ss lO4is
Texas 4 NJ Orleans IS la43 SlI,
Vanadium Corp 5s Ia4l a3 a77s
Warner Bros. IS 1899 767a ~
Western N Y & Pa As 1943 1O4 1O5
White Sew. Mach. 6s 1910 agss 1907
Evening star., 1938-08-31
DIVIDENDS ANNOUNCED

NEW YORK. Aus 3l-Divdends de-
elared prepared by the Standard Statis-
tics co..:
Passed.
Gugeenheim e. Co 81 1st Of.
REGULAR.
Evening star., 1938-08-31
FREIGHT CARLOADINGS.

NEW YORK. Aug. 81 LP.-Revenue
freight carloadngs on railroads reporting
today for the week ended August 81 in
cluded:
Aug - Pv. wk Yr ago.
NY Central 62,460 al ,4OI Sl.n5l
Norfolk & Westn .5,l6I 23.4S6 27,96O
Pennsylvania - $685. S5.1S1 114.155
Evening star., 1938-08-31

ww-With warrants xw-Without war;
rants. New. st tstpl-Stamped
sNeeotiability impaired by maturity
fCompanies reported in receivership.
Evening star., 1938-08-31
NEW YORK RUBBER.

NEW YORK, Aux. 81 H1.-Crude rubber
futures opened 8 higher to / lower. Sep
tember. 1881: December. 16.44-50;
March. 16.50.60.
Evening star., 1938-08-31

PARIS. Aug 81 lP,.--The Bourse was
generally steadier in late DEALINGS al
though International securities Continued
in supply Suez Canal closed with a loss
OF go francs and tRoyal Dutch was down
70. lnd.Sfrials registered small gains
and French rentes moved UP 90 to 55 CEN
times Bank of France issue advanced IS
Evening star., 1938-08-31
MONTREAL SILVER.

MONTREAL. Aug 81 tPl.--silyer futures
41.20; December. 41.75: March. 41.75.
Evening star., 1938-08-31
NEW YORK CURB MARKET
(By private wire direct teThs star.)
Eastern Daylisht ssvi.s 1,.s.)

Dividend Rate. Add 90. High. Low. Close.
Aero Supply (B)- 2 81 81 81
Air Invest----. 1 IN " IA
Evening star., 1938-08-31
NEW YORK BAR SILVER.

NEW PORK. Aus. 81 R.-Dar silver.
4234. unchanged.
Evening star., 1938-08-31
INVESTING COMPANIES

NEW YORK Aug 81 lP.-Investment
Bankers Conference Inc:
Moon ouotations)
Evening star., 1938-08-31
BONDS ON N. Y. STOCK EXCHANGE

By private wire direct to The star.
Evening star., 1938-08-31
U. S. TREASURY NOTES.

a-Also extra or extras.
e-Declared or paid so far this year.
Evening star., 1938-01-16
CHICAGO PRODUCE.

three trucks; Steady: prices unchanged
Dressed market steady: prices unchansed
Butter. 6ls412: steady, Creamery
las). 33Ai extra frsts tSO-8I. 3iN.3iE;
frsts tSs-s9). 30-30s4 seconds ts4-s7hl.
27:2S: standards 100. centralized carlots),
31H.
Egss 7412; weak. Lxtra frsts local,
=; cars. 22; fresh Graded irsts, local,
Potatoes. IS: on track. Iai: total u. s.
shipments, .a0s; steady, supplies lisht;
demand light. sacked. per cwt., Idaho
Russet Burbanks, U. s. No. l, 135-4O;
Color ado Red McClures, U. s. No. /. 40;
North Dakota Bliss Triumphs. $500 per
cent U. 6. No. l.. .O5-1O: Cobblers u. 8.
l,07a: loose stock: bushel crates. Florida
Bliss Triumphs U. 8. No. /, 2.40; U. 3.
Evening star., 1938-01-16
BRIGHT OUTLOOK .
SEEN FOR YEAR
Karl D. Petit Review Points to
Many Favorable Factors in
Coming Months.
oreeial Dispa tch to The Star.

8recial Dispatch to The Star.
NEW YORK, Jan. l5.--With all
indications pointing to the develop
ment Of many favorable factors during
the present year and with the general
domestic, economic and financial
structure sounder and more favorable
than at the beginning of 1887, Karl
D. Petit, investment managers and
counselors. express the opinion that
I'VE can look forward to 1898 with q
great deal more cheer and confidence
than was possible in reviewing the
probabilities for 1887"
=. Among the factors cited by the
drm as contributing toward the i'm
proved outlook are the possibility Of
= rearmament program, increased
freight rates. more liberal attitude to-
ward the utility companies and a gen.
eral constructive attitude on the part
Evening star., 1938-01-16
ODD.L0T DEALINGS.
BY the Associated Press

The Securities Commission reported yes
terday these transactions BY customers
with odd-lot dealers or specialists on the
New York Stock EXCHANGE for January IA:
h.230 purchases involving 15S.36H shares:
Evening star., 1938-01-16

Of the Government toward capital and
industry. -+
The unemployed will be re-employed
through increased business activity or
the Government will resume large
scale spending for one type of project
or another.
Evening star., 1938-01-16
WASHINGTON STOCK EXCHANGE
YEAR 1888

tReportd by W. L washinsn c.
JANUARY IA. 1885,
The Washington times., 1938-10-13
BEARD IN new
FREEDOM FIGHT

Another legal bout in the fight
of Sam Beard, Washington gam
ing overlord, now in Atlanta peni-
tentiary, will take place in Atlanta,
Ca, today before the United States
Court of Appeals for the Fifth Cir
cult.
In a hearing on a petition for
habeas corpus, attorneys for Beard
will argue he is the victim of a
double jeopardy proceeding. They
assert the two counts Of the
indictment on which Beard was
convicted here were practically
identical.
In view of the alleged similarity
Of the indictment counts and the
fact Beard was sentenced on each,
consecutively, the double Jeopardy
theme is put forward by James
Laughlin and Ellis Klein, the gam
ing baron's lawyers.
The Beard attorneys are also ex-
pected to argue that wire tapping
evidence, since ruled illegal by the
Supreme Court, figured in his con-
Viction.
The Washington times., 1938-10-13

Fearful that hardships and an
tagonism would result for women
workers, Miss Earlene White, Of
Washington, president Of the Ma
tional Federation of Business and
Professional Women's Clubs, has
protested to John D. Biggers, un-
employment census chief, against
the public Interpretation on his
remarks on women's effect on un-
employment in his report to Presi-
dent Roosevelt.
Today Miss White made public
her letter to Mr.. Biggers. She also
sent a copy to President Roosevelt.
CAUSE HARDSHIP
Headlines which indicate
that you find women cause a
glut in labor, give an emphasis
to your findings which will un-
doubtedly cause hardShipS on
the millions of women who work
to support themselves and those
dependent on them," she wrote
Mr.. Biggers.
THE implication placed upon
your report is that women are
to blame for the unemployment
which exists among men by
competing with them in labor.
rather than the opposite and
true picture, which is that the
depression has forced millions
of women to work because men
The Washington times., 1938-10-13
|LIBERALIzED Ssh.
lis PROPOSED TO.
BALK 'SCHEMES'|
Social Security Council
To Weigh Move

GN.S) Designed in part to
ward off old age pension schemes,
the Social Security Board will pre-
sent a program for expansion and
liberalization of the old-age pen
sion system at the october II
meeting of the social security coun'
Gil, officials disclosed today.
The program follows closely the
recommendations of Prestd e mt
Roosevelt and Arthur j. Altmeyer,
chairman of the Social Security
Board. 1t will be presented to
Congress early next January, Alt
meyer said.
100000 MORE
The program, which will en-
brace approximately $4,000, 600 ad'
ditional /rsons. was recently out
lined before the AFL convention
by Altmeyer. 1t includes:
Stepping up of old-age benefit
payments to 1910 instead of
January /, 1912. as provided
under the act.
A system of benefit payments
for aged widows, wives, and
young children Of insured per.
sons who die before reaching the
retirement age Of 65 years.
Extension Of old-age pensions
to farm laborers, domestic
servants, Federal Reserve Bank
employees, seamen, self-empluyed
persons, and employees Of chari-
table institutions.
LARGER BENEFITS
Expansion Of the minimum
old-age pension base Of $40 a
month to provide increased ben
efitS for persons during the
early years Of operation Of the
act.
Increasing the present Fed
eral grant Of one-third to one
half to States for care Of depend
ent children.
Revising the operating fea-
lures of the act to speed up the
entire program.