davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-09-26
Reserve Board Sees
Brighter Outlook
For u. ). Business

TN.S. The Federal Reserve
board today painted consider
ably brighter picture Of business
conditions, reporting substantial
increases in industrial activity
and sizeable gains in factory en-
ployment.
Manufacturing operations rose
materially in August and con-
tinued their advance during the
first three weeks Of this month,
the board noted. Increases Of
output of manufactured products
were general except in the auto
mobile industry were plants pre-
pared to shift over to new models.
Activity at steel and textile
mills continued to gain over sum-
mer and spring lows. In 81 States,
the number of construction con-
tracts awarded jumped sharply,
principally because of PWA opera
tions.
The Washington times., 1938-09-26
CO.
OFFICERS DINE

More than 100 executives, de-
partment managers, and buyers
Of Lansburgh and Brothers De
partment Store gathered Saturday
night at Woodmont Country Club
for celebration in anticipation
of the stores seventy-eighth ami
verSary.
There was dining, dancing, and
entertainment at the party, which
was given by Ralph L. Goldsmith,
general manager of the store. At
the dinner, various speakers made
plans for Lansburgh's biggest
year, and predicted a general up
swing in business.
Among executives Of the store
who were present were Mr.. Gold
smith, Harold Singer, assistant
general merchandise manager;
Milton P. Shlesinger, treasurer;
Rudy Lyon, director; Charles
Goldsmith, firm member; Mark
Lansburgh, vice president and sec
retary: Martin Waxman, division.
al merchandise manager: Joseph
Kahn, merchandise m a n g er;
Mark H a burger, divisional
merchandise m n a ger; Austin
Donaldson, store manager; Max
Hirsch, buyer; Abe Cohen, direc-
tor; Carl Hoff, divisional merchan.
disc manager.
Entertainment was furnished by
the Playmakers, drama group OF
Lansburgh's, including a Charlie
Mccarthy" number.
Horace Myers took the part OF
the famed ventriloquist's dummy
while behind screen were Alvin
Barbour and Margaret Seward
providing the voices. Master OF
ceremonies was Marx Kahn.
The Washington times., 1938-09-26

$3.50; all sizes, fair condition. $16125.
Corn-Green, nearby, per dozen, sugar,
301Oc.
Eggplant-Nearby. II -bushel hampers.
30sc.
Lettuce-California crates. iceberg,
5-dozen, best. f22562.5O. few higher.
poorer. Soc $3.50; 4-dozen, best, $40
2.25; New York. 2-dozen crates, big Bos-
ton, 25 q soc.
Lima Beans-ohio. 12-quart baskets.
65 5@S5c: Eastern Shore, Maryland,
busheI baskets, 75c q $1.25.
Mushrooms-Maryland and Pennsyl-
vania, 4-quart baskets. SO@75c.
Onions-New York, 6O-lb. sacks Globes.
U. S. No. !, sO69Oc; Ebenezers. U. s.
No. l, mostly soc; Idaho, 5O-lb. sacks,
sweet Spanish. U. s. No. /. S-inch mini
mum. $1.3501.4O few higher; Utah, 50
ID. sacks sweep Spanish, u. S. No. /. g.
inch minimum, $1.l561.35; Indiana, 25-
Id. sacks, white boilers. U. S. No. l, $50
soc.
Peas (Green)-Telephone, bushel ham
pers California, &l.7541.9O.
Peppers-Nearby. 1a-bushel hampers,
15m25c.
Potatoss-New Jersey, 1OO-lb. sacks
| Cobblers, U. S. No. /, mostly $1.10
Maryland and Pennsylvania, l0O-l5
| sacks round whites and Cobblers, u. S
No. /, 9Oc6&1; ungraded, s0@S5c
Idaho, 100-lb sacks Russet Burbanks
u S. No. l, S2O59225.
| Spinach-Bushel baskets. Savoy, New
! York, 5000, 759 zoe; nearly h-bushe
hampers. 60076e
The Washington times., 1938-09-26

S1.75d2, few higher; Salways, bushel
baskets, U. s. No. Is, 2h inch mini
mum, $1.25 61.7S inch minimum. 81
91.25; 1% inch minimum, mostly 75c.
Pears-New York. busheI baskets,
Rartletts. U. s. No. 1s, inch minimum,
$l.25 LAO; bushel baskets, seckels,
U. S. No. Is, 1% inch minimum. 1880
so. few higher; IN inch minimum,
75c d$1.25; IA inch minimum, 500 SOC.
Prunes-Oregon. u bushel baskets,
$1.1S, few higher. New York, 60Q75c.
VEGETABLES
Snap Beans-MaryIand and Pennsyl-
vsnta. green, round stringless, $50 soc
per bushel
Beets-Nearby, IL 92c bunch.
Brussels sprouts-California, u drums.
81 5O@2.75.
Cabbage-Truck, New York and Penn
sylvanta, bushel baskets, Danish 900
40c. round type, 25G35c. Rail, New
York, so pound sacks, round type best,
500 35c, poorer l0d zoe.
Carrots-California, western crates
punched. best $3.50 q l. poorer 81. New
York bushel baskets, topped, washed,
Sod S5c, few higher. Nearby, Ia q &c
bunch.
CauTiflower-Market steady. Colorado,
pony crates, mostly S1.75.
ry-truCk-Pennsylvan mia, 2/3 crates.
washed and punched. 4-dozen, 1880
]. So; 6-dozen, S16l.50: dozen. 75c q 81.
Rail New York, 2/3 crrtes crate washed.
all sizes, best, $3.50 $50; poorer, 81 q
| l.25; 10-inch crates. individually washed
and preceded, 5-dozsn. $40; 4-S-doSen,
The Washington times., 1938-09-26

But that is about as much as
can be said truly.
Other good things which have
come out of the New Deal would
have come out of any administra'
tion that could have been elected
under recent conditions of dis
content and change-even under
Landon.
For example, the principle of
collective bargaining has been ac-
cepted by all liberal economists,
including myself, for a generation.
WAGNER ACT UNFAIR
If the New Deal had stood for
the true principle of mutual re-
Sponsibility on the part of EN-.
ployer and employe, instead of let
ting CIO dictate the unfair Wag-
ner Act, much good would have
been done. AS it is, fear that
more harm than good has re-
suited.
Again, the regulation of tn e
stock exchange is an old idea, &C.
cepted by most of us liberal econ
omists for many years. It does
not require any New Deal. The
The Washington times., 1938-09-26

recent years minimized the wal
alarms daily laundering in Europe
but the injection of CZecho
Slovakia into the situation clearly
.created new and serious potential
tiles and complications. Since
then, caution has been urged.
MIGHT INVOLVE US
Perhaps wrongly, I have har,
bored a notion that Hitler may
have been conducting the most
colossal bluff in modern history
and that, if faced with the Ger,
tainty of united military action
by Britain, France, Russia,
Czechoslovakia, etc., he would
temper his constantly-mounting
demands. Nothing has yet hap
pened to dispel completely this
idea, which may be regarded as
far-fetched.
Certainly neither Germany nor
Italy is well fortified financially.
In the event of a terrific ex'
plosion in Europe, civilization is
likely to be so shaken that every
country, including our own, will
be injuriously affected-to say
nothing OF the possibility, even
probability, that events might
ultimately drag us into the awful
maelstrom.
Therefore, I still believe that
this is no time to reach out for
risks in the stock market.
NEW DEAL PAST PEAK
Let me add emphatically. how
ever, that if fate DEGREES peace. no.
war, I am distinctly hopeful over
the whole American outlook, i'll
Guiding the better grades of Ameri-
can stocks and of many bonds now
selling at heavy discounts.
My own ANALYSIS is that the
trend here is genuinely encourag-
ing politically, agriculturally, COM
mercially, industrially, laborwise,
that the New Deal has reached
and passed its peak as a disruptive
forse; that apprehension over die
tatorship danger should now di
minish.
In che sentence: War would
make me bearish, peace would
make me bullish over our own
country, especially as all signs are
that the November elections will
confirm primary symptoms. that
the American people have turned
towards conservatism.
Copyright, 1898, by 3. C. Forbes)
The Washington times., 1938-09-26
BANK INSTITUTE
RENOVATES ITS
CHAPTER ROOMS.
Office and Classroom
Are RefurniShed
By RICHARD r. BAKER

Washington Chapter, American
Institute of Banking, may give
housewarming party any day now.
For a number of years the chap
ter has been anxious to refurnish
it's quarters in the Bond Building
and a program to fulfill this need
has been under way for some
time.
The work outlined for this year
already has been completed and
all the chapter rooms have been
completely renovated and the Of
flee and one classroom, has been
refurnished. 1t is expected an
other classroom will be equipped
with new furniture next year.
B. Bruce Frantz, American
Security and Trust Company,
chairman of the house committee,
has been in general charge of this
work. Members of his committee
include Paul j. Seltzer, American
Security and Trust Company; j..
Earle McGeary, w. B. HibbS &
Co.: w. L. Sanderson, Hamilton
National Bank, and Robert H.
Lacey, Columbia National Bank.
The Washington times., 1938-09-26
A. B. A. PLANS "CLINIC"

The farm-mortgage field can
use $3.50, 100000 capital. and the
American Bankers Association is
going to hold clinic" to deter.
mine how it can apply its own
funds to the field.
On october IL, a social commit
tee of the association will hold q
meeting in Chicago to make a
study of the rural loan field, al
ready convinced that such invest
ments, made according to uniform
standards, will be a valuable add
ton to the portfolio of any bank
whether it is metropolitan or rural
in its site of operations.
The Washington times., 1938-09-26

zation activi-
ties immediate
ly became fe-
yerish.
The close of
the New York
Stock Exchange
on S a t u r day
actually W a S
buoyant in face
Of this extreme
ly a | ar m i n G
news.
1t simp | y
does not make
sense.
My own rea-
Snninp had heen
The Washington times., 1938-09-26

try anything
once" and thus
to go in for OBJ
viouSly unfair
and futile ex.
periments, he
has heSitated to
go the limit in
m oS t C a S e S.
This may have
saved us from
some sort of re-
belllon. He also
heSitated at q
time when he
m i G h t av e
form a lily be-
come q dictator
The Washington times., 1938-09-26
Strikes Decrease
II Pct. in 7 Month!

0.N.SO The number of strikes
occurring during the first seven
months of the year deScreaSed
AZ per cent under the number
that occurred during the same
period last year, Secretary OF
Labor Perkins reported today
There were 1883 strikes, involv.
ing 390,861 workers during the
seven months against 3,217 strikes,
involving 1,470,507 workers, the
same period last wear.
The Washington times., 1938-09-26
General Land Office
Makes 400 Per Cent

G.N.S.) The general land Of
flee today reporter it has con-
Quoted its operations at a profit
during the fiscal year, taking in
$5 for every 81 spent. Receipts
totalled $8,447,347,.97: administra-
ton expenses, $1,82l,681.
The Washington times., 1938-09-26
PERLEY RETURNING

Frank M. Perley, trust invest
ment officer of the American Sc
curity and Trust Company, i
scheduled to arrive in New YorE
today from a two weeks South
American cruise. He will be al
his desk tomorrow.
The Washington times., 1938-09-26

answer: l am one OF the MIL
lions who voted for Mr.. Roosevelt
when he ran the first time, which
was before he had broken all his
campaign promises.
GOOD IN BANK CRISIS
On the whole, he handled the
1888 banking crisis well.
While he has been willing to
The Washington times., 1938-09-26

"twdwd & 10th com (1.5O).I 4shl.....
"Wdwd & 10th pfd (O.....l115 l.....
"Ex Dividend. bBooks closed. tPlus
extras. (e) go extra (h)75c extra. (g)
$14OO extra paid November so, 1891.
k)3Oc extra. (m)$3.O0 extra. (p).5O
September 20 1898,
The Washington times., 1938-09-26
Totals IS Million Dollars for August
Cautious Trading
Urged byFOrbes
Stocks Reaction to War Does Not
Make Sense He Contends
By B. G. FORBES

You figure It out, I can't When European war clouds
seemed to have lifted week. the stock market evnced
notable relief The explanation "they' offered that it
had been generally accepted in Wall Street that conagra
ton would and that extensive purchases had accord
inglv been made.
The Washington times., 1938-09-26
AGRICULTURAL
GOODS FEATURE;
IMPORTS DOWN
Leaf Tobacco Main Item
For Month

GNS.) The UNITED States
rolled UP a SOS, ,081 900 favorable
balance of trade in August. giving
the nation an export surplus for
the eight months of this year OF
S78l 1863 900. the Commerce De
nartment reported today.
The Washington times., 1938-09-26
VeoU Deal Acts
Called UKpsOHEzsd
Beneficent Aims Crippled by Politics
And Extremists, Says Haney
BY LEWIS HANEY
Professor of Economics, New York University

NEW YORK. Sept 26.-Oakland Calf, asks "Do you think
the New Deal has any redeemng feaurs9 You find
good thing of the New Deal leader and his doings
The Washington times., 1938-09-26
AUGUST SHIPMENTS

August shipments abroad, com.
posed largely Of agricultural goods.
were valued at $230,621 900, while
imports were worth S165, $4,000.
For the year, exports aggregated
S2,O4S. 779, ,OOO while imports to-
tailed S1,267.416.O00. At this time
last year, imports were $112,-
$4,000 greater than exports. Dur
ing the eight months of 1888 i'm
ports. however. have declined
$926.8 900 below the volume OF
the same period of 1887.
LEAF TOBACCO
Leaf tobacco shipments aggre-
eating about 35ooO,0oo pounds
was the main item in last months S
American export trade. Ship
ments of this product were the
largest for any August since 1880.
The Washington times., 1938-09-26

But what happened when the
Hitler Chamberlain confab missed
fire to such an extent that mobili-
The Washington times., 1938-09-26
Washington Stocks

SALES
Capital Transit Company. Is
@81s.
Washington Gas preferred, 80
@99h.
AFTER CALL
Potomac Electric SO preferred
2@114A.
Washington Gas preferred, TO
SO, 5000.
Public Utility Bonds Bid Ask
The Washington times., 1938-09-26

along simple lines, namely: For
eign eruption in Europe would
logically precipitate pandemonium
in all financing centers there, with
distinctly disruptive consequences
in our own security markets. On
the other hand, an acceptable
peace pact would naturally elimi-
nate acute uncertainties, which
have led to important liquidation
Of securities, here and everywhere
else, thus stimulating repurchaSing
and advancing prices.
OF my own knowledge I can
state that there had been tighten
ing of security loads here in fear
of a foreign upheaval. AS one
rather large stock owner told me:
Il am selling out considerable
percentage of my holdings purely
as insurance against what may
happen. If the European danger
subsidies, will buy back, because
I am satisfied that our domestic
conditions and prospects are on
the uptack."
The Washington times., 1938-09-26
ADVISES CAUTION

This attitude strikes me as
thoroughly sound. I cannot be.
lieve for a moment that the en-
gulfment of Britain. France, Ger
many, Russia, Czechoslovakia
Italy and lesser nations in war.
fare would not have an acutely un,
settling effect here, as well as
throughout the rest of the world
I do not believe for an instant that
the worst has been discounted.
AS readers of this column know,
the writer had consistently in
The Washington times., 1938-09-26

ingly been made.
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
HALF OF MARYLAND HIGHWAY
SYSTEM OBSOLETE

Maryland's highway system today
stands at a critical point in career
that once led this State to the fore
front of nationwide highway excell-
ence and adequacy, G. M. Falconer,
President of the Automobile Club
of Maryland declares.
1T has been reported from offic-
ial sources that more than half the
Maryland State highway system is
obsolete and should be rebuilt" Mr..
Falconer emphasized. THAT is far
cry from the days when Maryland
was pointed out as model among
States In keeping her highways
abreast of the times.
"On the other hand, we note with
favor news comments from time to
time, telling of the State Roads
Commissions intention OF improv-
ing this or that main road. With
this, of course, we have no quarrel.
We thoroughly agree that such roads
should be improved, and as soon as
possible.
"But we do not believe this is
cuOuRH. PlCoChI hl6h-
way problem, dangerously acute,
cannot be solved by improving any
one, or any several, roads haphaz-
ardly in this part of the State
and that. There are too manyof our
highways critically in need of re-
construction, widening, removal of
accident hazards, and other forms
of modernization. These needs are
notorious right now on the Eastern
Shore; there is woefhl inadequacy
of facilities in the vicinity of Bal
timore; and Western Maryland is
no glarimg exception either. In fact,
these conditions exist in every part
of the State.
"The answer is sensibly planned
program of road work. State Roads
Commission engineers, over num-
Der of years, have collected facts
upon which a long-range highway
improvement program can be laid
out. This information has been
checked and brought up to date by
the present traffic survey. The in
formation is available, it should be
put to use, and fair-and-square
program formulated, which will
give attention to roads and areas as
their use demands"
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
FOR STATE SENATOR

At the Democratic Primaries on
September 18th next, l will be d
candidate for nomination for State
Senior, and I earnestly solicit the
support of all voters. Should I be-
nominated, and later elected, it will,
be my ambition to serve the people
and taxpayers of Cecil county, with
out fear or favor, always remem-
bering I am a servant of the people.
Frederick H. Letter,
Elkton, Maryland
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
CHRISTIAN SCIENCE SERVICES

Christ Jesus" will be the
subject of the Lesson-Sermon in all
Churches of Christ, Scientist, on
August %.
The Golden Text will be from
Micah So: "Thou Bethlehem
Ephrata, though thou be little among
the thousands of Judah, yet out of
thee shall come forth unto me that
is to be ruler in Israel; whose go
ings forth have been from of old,
from everlasting"
Among the citations comprising
the Lesson-Sermon will be the fol-
lowing from the Bible, Gen. 1:3:
"And God said, let there be light;
and there was light"
The Lesson Sermon also will In
clude passages from the Christian
Science textbook, Science and
Health with key to the Scriptures"
by Mary Baker Eddy. among which
is the following. page $50: Christ
The divine manifestation of God
which comes to-.the flesh to destroy
incarnate error"
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
SANE REASONING VS.. SOUND AND
FURY

In the heat of big political cam
paign, men whose mental perspec-
tive and keen sense of analysis
normally stand out in sharp relief
often are figuratively swept off their
feet by the bilage of the tumult and
the shouting. The real issues of a
campaign, the true fitness and the
character of those who aspire to
public office, too frequently are be-
logged by oratorical sound and fury.
A candidate for Democratic
Gubernatorial honors, subject to the
primary on September 18th next,
who steadfastly has declined to grow
excited over the wave of political
hysteria with which the air is con-
stantly surcharged, is State Comp
troller William S. Gordy, Jr. He has
consistently conducted a dignified
campaigm that will leave no scars
of battle after the successful NOM
inee shall ihave been declared; a
campaign that has been predicat-
ed entirely on truth as it applies to
the immediate interests of his fell
low-Marylanders.
Mr.. Gordy is county man known
throughout the length and breadth
of his native State for his high
ideals and his integrity. His broad
experience as State Comptroller, as
a member of the Board of Public
Works, and in the industrial and
commercial world eminently fit him
for the exacting duties of the high
office which he seeks.
Mr.. Gordy has never tried to sur
round himself with a political or
ganization. Rather does he place
his faith in the intelligence of the
citizenry, it's ability in the final
analysis to determine what will re-
dound to it's best interests and its
immediate needs.
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26

The primary campaign for Demo
cratic nomination as United States
Senator in Maryland has become a
blistering affair, with Senator Tyd-
ings calling David ]. Lewis, his op-
ponent, a rubber stamp candidate, y
in his answer to President Roose,
velt's Purge" challenge. The Sena-
tor calls on the people of Maryland
to decide whether or not they will
stand for outside interference in the
selection of their Senators.
Lewis hurls back the charge that
Senator Tydings is trying to "scare
President Roosevelt out of Mary
land, denies he is rubber STAMP
candidate" or that the President
asked him to run for the Senatorial
nomination. He accuses Senator
Tydings of DESERVING the New Deal
and voting with the opposition to
help bring about defeat Of numerous
legislative measures asked for by
President Roosevelt.
Since the Presidents purge
speech the Senatorial primary cam
paign has pushed the Gubernatorial
race in the State completely in the
background.
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
ORPHANS COURT

Bonds Approved-H. Winifred
Nottingham, executrix of Anna
Louise Whittingham; Anna M. Irwin,
Administrative of Edward e. Irwin ;
Mary l.. Matthias, Administrative of
Robert P. Matthias.
Accounts Passed-First account OF
Gaorgianna Thompson, administra-
trix of Cecil T. Jackson; first and
final account of Virginia Schenck,
executrix of Eva E. Slicer.
Report of G. Reynolds Ash and
Richard Ewing, Administrators Pen
dente Lite of Daisy Zimmerman
Barnes.
The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-26
POLITICAL CARDS
FOR ASSOCIATE JUDGE JUDIC-
H.
~IAL CIRCUIT

Having been urged by many
friends and members of the bar to
become a candidate for reelection.
l take this method of announcing
my intentions of becoming a candi-
date for reelection as Associate
Judge of the Second Judicial Circuit
of Maryland. This method of an
nouncement is adopted because the
office which / hold, and the duties
incident there to preclude me max
ing a personal campaign.
Thomas J. Heating.