davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1936-07-02

Brooklyn briefs. Charlie Lasky Brooklyn news dealer looks nice behind the wheel of that Plymouth sedan Johnny Jenusaitis tried his hand at driving
 truck the other day when he transported supplies to Lake Quassapaug for the recent soba game out there
 John Bender and the Missus start motor trip to- morrow and will be the highways until after the hol- iday destination unknown. Johnnie Lesunait and Joe Devine recently greeted George Raft at the Polo
 Grounds just before the screen star called back to Hollywood. . . Tom Fitzmaurice showered with con- grats Wednesday the occasion being his birthday Louis Rusty" Rocco is chairman of the annual outing of Our Lady of Mt Carmel's Holy Name Society. It's scheduled for August. Beatrice Kukanskas enjoys the life of being plumbers secretary Mary Mazeika, Claire KaIvoits and Mary Orntas postcard from Bay view. Rev. Joseph j. VaIentiejus and Professor Alex ander Aeksis one-cent from Chicago where they are attending the convention of the Lithuanian R. C. Ali ance this week. They plan to motor back starting Sunday.
The Waterbury Democrat., 1936-07-02

w v 4ae appears on one of V q sgia's stamps Issued in 1913 to cofnnem- crate the iercen- |tena ary of the founding oe the Rom anoff dye nnelv.
The Waterbury Democrat., 1936-07-02

NEXT, Neither eastern PennsyI- vanla nor New Jersey knows how lt will jump.
Evening star., 1936-07-12

advisory, ThomaS FAui d se"'
]. Groom, Bank Of Commerce u Saw
ings; archives, L. Harry Rider. Ma
tional Metropolitan Bank; athletics,
George M. Rowzee. Lincoln National
Bank; audit, Robert M. Poole, Riggs
National Bank.
Banquet, Frank M. Perley. Ameri-
can Security g. Trust Co.; debate,
A. Stanley Wolfe. Riggs National
Bank; Dollars and Sense, A. E. Henze
w. B. Hibbs g. Co.
Educational, ]. Earle McGrary. w.
B. Hibbs & Co.; entertainment, Rob-
ert A. Sisson. Hamilton National
Bank; essay contest. Stuart S. Ogil-
vie, Second National Bank; finance,
Walton L. Sanderson, Hamilton Ma
tional Bank forum, James c. Dulin,
jr., American Security & Trust Co.
House. Harry F. Harding, Union
Trust Co.; membership, Francis E.
Robey, Bank of Commerce and Saw
ings; program, William H. Laughlin,
Washington Loan & Trust Co.; pub
lie affairs, Richard A. Norris, Lincoln
National Bank; public education, j.
o. Lehman, Security Savings and
Commercial Bank; public speaking,
E. Wallace Schreiner, First National
Bank, Alexandria, Va.
Publicity, Edward M. Blaiklock,
Washington Loan & Trust Co.;
women's, Katherine w. McCalmont,
W. B. Hibbs & Co.
Thomas ]. Groom, who heads the
Advisory Committee. is first vice pres
ident of the District Bankers Asso-
citation, which sponsors the work Of
the institute. 1t is customary to have
one of the officers of the parent as
socitaion take special interest in in
stitute affairs.
Evening star., 1936-07-12
Wholesale Food Quotations
Rise Rapidly Due to Drought

than a year ago. Currently, this sur
vey showed, food is only 16 per cent
cheaper than 1t was In 1929 boom
period.
In the produce trade, merchants
watched the steady mounting of
butter prices because Of seriously de-
creased production In the parched
dairy country.
Cash butter is now wholesaling at
the highest level since April and is the
most expensive for any July since
1880.
Standard grades of butter are
quoted above 33 cents a pound COM
pared with 20 cents the middle of
June. Egg prices have gained al
most cent o dozen wholesale in the
past two weeks. Trade reports in
produce circles indicated retail prices
have followed the trend in butter.
Meat prices have had tendency to
ease because Of the influx of liYe stock
4Som dyougi1t etGtx3ctA
Evening star., 1936-07-12
GOLD CURRENC|ES
DECLINE SHARPLY
French Hoarding Blamed
by Some Bankers for
Francs Weakness.
BY the Associated Press.

NEW YORK. July 1l.-Foreign gold
currencies sank in terms Of the dollar
today as substantial offerings entered
the market.
French boarding was advanced by
some bankers as the reason for weak
ness in the currency. Most of the
demand for dollars and the pound
sterling came from Paris, they said.
Financial circles also attributed some
of the francs heaviness to reports
from abroad that sales of the French
treasury's new bonds were going slow
The reaction dropped the franc to
within about a point of the level at
which gold exports from Paris become
profitable. Holland guilders and Swiss
francs also moved of rather sharply
but closed above their respective gold
points.
TodayAs closing New York prices
follow:
Great Britain in dollars, others in
cents. Great Britain demand, sos;
cables, SOB: 60-day bills. 5.02; France
demand, 6.e0la; cables. 6.6ola; Italy
demand, 1882; cables, 1882.
Demands: Belgium, 1892; Ger
many free, 40. 80; registered. ALTO;
travel, 1925; Holland. 68.04; Norway
25.2s; Sweden, 25 "a; Denmark, 2246;
Finland, 222: Switzerland, 32.67;
Spain, 1859; Portugal. 4.60; Greece
.s41a; Poland, 1895; Czechoslovakia
4.l6; Yugoslavia, 2.31; Austria, l8.9n;
Hungary, 1890; Rumania, .76; Ar
gentine, 33.5on; Brazil, 8.6ln; Toxic
29.40; Shanghai. 1920; Hongkong
$3.50; Mexico City. 27.85; Montreal in
New York, 99.93A; New York in
Montreal, 100000. n-Nominal.
Evening star., 1936-07-12
NEW JUMP SHOWN
BY JUNE VOLUMES
OF CAPITAL STORES
13 Per Cent Gain Revealed.
Six Months Total Is IL
Per Cent Above 1885.
ALL FEDERAL. RESERVE.
AREAS REPORT GAINS
Bank Clearings Here Top Same
Week Last Year by 49
Per Cent.
RY EDWARD C. STONE.

June proved another banner month
for retail trade in Washington de-
partment stores, cumulative sales
mounting 1872 per cent above the fine
record in June, 1885, which in turn
was l0.9 per cent better than business
in June, 1884, the Federal Reserve
Bank of Richmond reported yesterday.
For the first six months of the pres
ent year retail sales in the Capital
were 1873 per cent higher than in the
first half of 1895, when the trade
report was 12.1 per cent better than
in the like period in 1884. Both fig
ures are better than the June IL per
cent gain for the whole fifth Reserve
district and the 10 per cent gain for
the first half of 1885.
The six-month gain is better than
In any other city or group of cities in
the fifth district. Huntington, w. Va,
made the best showing of any city
in the entire trade area in June, 1872
per cent. Next to washington, Charles
ton, w. Va, had the best trade record
for the first half year, an l12 per cent
rise. The cities in this territory, how
ever, were below the June national
average covering 535 stores which
made a IS per cent advance The in
crease for the Nation in the first half
year was exactly the same as in the
NTH district, 10 per cent.
Sales In Fifth District.
Percentage comparisons in June and
che first six months Of 1886 compared
with the similar periods in 1885,
follow: Jan.-June.
Evening star., 1936-07-12
WILLARD G. BARKER ELECTED
HEAD OF MORRIS PLAN BANK
New President Has Served
Institution 13 Years-Suc-
ceeds CheSterman.

Willard G.. Barker has been elected
president Of the Morris Plan Bank Of
Washington, it was announced by the
board of directors yesterday. He sue
ceeds Bertram Chesterman, who re-
signed some time ago on account Of
i'll health after a long and highly
successful financial career.
Mr. Barker, the new president, en-
tered the banking field in Richmond.
Va, many years ago after receiving
his education in the public schools,
the University of Richmond, and the
American Institute of Banking,
where he prepared himself for ca
reer in finance by studying law, ac-
counting and banking.
He became connected with the
Morris Plan banks l3 years ago, and
served successfully in the positions
of auditor, cashier, vice president
and executive vice president of the
bank which he now heads. He was
the logical choice for the presidency
because of his long service with Mr.
Chesterman.
Mr.. Barker is married and lives at
the Embassy Apartments on Sixteenth
street. He is a member Of the Uni
Evening star., 1936-07-12
BANK REPAyMENTS
TO R. F. c. CLIMB
5000, 100, ,436, or Nearly 30
] Per Cent of Obligations,
u u Already Retired.
BY WILLIAM S. ARDERY,
Associated Press STAFF Writer.

After crossing the billion-dollar
mark an outflow of funds from the
Reconstruction Corp. for the purchase
of preferred stocks in the Nations
banks Is dwindling sharply and a
strong counter-tide of repayments is
setting in.
Designed to reinforce the capital
structure of banks the stock-buying
plan was initiated in 1888 in an effort
to loosen up credit Under it, more
than 5000 banks sold preferred stock
or capital notes and debentures to the
r. F. C. or pledged preferred stock
for loans.
A total Of o66,o16,003 was dis
bursed and 5000, 100, ,436. or almost 80
per cent, of these securities already
have been retired.
Large Banks Prepare.
Several large banks have been max
ing preparations to wipe out their
entire Indebtedness. The First Ma
tional Bank of Chicago already has
paid of in full $25, 900, 900 stock is
sue.
Chairman Jesse H. Jones has en-
phasized that the corporation would
not press for retirement Of its stock
holdings and that I'VE will try to be
a good creditor" to the banks.
With other capital heading upward,
however, some of the institutions have
begun retiring the securities to avoid
interest payments. The interest rate,
which originally was fixed at 6 per
cent, has been twice reduced and now
is 81 per cent. On February /, 1910,
however, 1t will be lifted to per cent.
Despite the large r. F. c. holdings
in banks, Jones has said consistently
that it would make no effort to dictate
their management.
Interference Avoided.
There Is no intention whatever on
the part of the President. the Secre-
tary of the Treasury or the r. F. c.
to assume the responsibility Of the
management of banks" he said.
"Our banks and bankers must have
confidence, and they must be put in
a position where they can provide
credit without endangering their own
positions or that Of their depositors. "
The peak in disbursements fol-. pre-
ferred stock purchases and the allied
activities was reached in 1884. when
$673, 100000 was pumped out, ap-
proximately tripling the outlay in 1888.
A sharp downward trend began in
1885 and the years disbursements to-
tailed $103, ,000, 900. For the first six
months of this year disbursements fell
to $25, 100000.
Retirements have mounted steadily
during the last several months, to-
falling $130,000,0 900 for the first half
of the year, compared with an aggre-
gate Of SITS, 9,000, 900 for the three years,
1s33-1935.
Evening star., 1936-07-12
BY the Associated Press.

CHICAGO, July 11.-Drought, which
sooner or later touches consumers
pocketbooks as it does farmers crops,
has increased wholesale food COM
modify prices in some cases as much
as so per cent In the last three weeks.
Statisticians said today this de-
velopment would affect the cost Of
food at retail counters in varying de-
grees. In the prices Of some articles,
such as butter and eggs and q few
vegetables, they said, the influence Of
the drought already was apparent.
Prospects Of advanced food costs
color the latest authoritative survey
showing q mounting cost Of living.
The National Industrial Conference
Board reported the cost Of living Of
wage earners rose IL per cent in June
and was more than 4 per cent higher
than year ago.
Food, accounting for one-third of
the family budget, rose Al per cent
over May and was 81 per cent MskH
Evening star., 1936-07-12
VIRGINIA FARMERS
INCOME INCREASES
$50, ,796 900 Received for Major
Products in First Five
Months of Year.
Bv the Associated Press

BY the Associated Press.
Virginia farmers received s30.796,-
900 from the sale Of the principal
farm products. including live stock,
between January and May this year
The figure was s5,00o.000 greater
than their sale receipts in the same
five months Of 1884. and approx
mately s3,500,0OO greater than those
In the same period Of 1885.
These figures included S311 900 Of
Government payments between Janu-
airy and June in 1885. sl,571 900 in
the same period in 1885, and s634,00
in the 1884 period.
Total receipts from the sale of
crops in the five months period
nearly doubled between 1888 and 1896,
jumping from sS,902 900 in 1882 to
$14,721 900 in 1884, with a drop to
s12.419,OO0 in 1885, and thence to
$15,926,0 900 in 1885,
Live stock receipts showed a steady
movement upward in the five months
period to s10.362,o0 in 1884, $13,-
281 900 in 1885, and $l4,469,000 in
1896.
Evening star., 1936-07-12
AUTO FIRMS MAP
PLANT EXPANSIONS
WITH GREAT CARE
Expect Increasing Demand,
but Hope to Avoid Ex-
cess Facilities.
BY DAVID J. WILKIE,

DETROIT, July 1.-THE makers OF
motor cars are in the highly COM
petitive position of trying to avoid
overexpansion of production equip
ment and at the same time preparing
for what they are convinced will be
a steadily increasing demand for mo-
tor cars.
Already many millions of dollars
have been expended in the purchase
Of new plants for various purposes
in what undoubtedly Is the greatest
expansion program in the industry's
history and the manufacturers are
confident the potentialities OF the
future market for motor vehicles have
not been overeStimated.
The current trend is in sharp con-
trast to that Of 1881. when motor-car
manufacturers began to admit pub
licly the shrinking of consumer de-
mand then q little more than year
under way was something entirely
different from any other lean period
they had experienced. Part Of the
effort the industry initiated at that
time to insure q successful weather.
ing of the decline was a slashing re-
duction of production facilities.
Could Handle More.
1t is more or less common knowl-
edge in trade circles that although
the industry produced 5,600,00O ve-
hicles in 1929 it actually was equipped
to turn out several million more.
When the present expansion pro-
gram is completed-in so far as any,
thing of the kind ever can be COM
pleted in the making of motor cars
the industry will be equipped to ham
die many more cars and trucks than
it will produce, but the facilities will
be of different type than those of
1929. Those that do not replace OBJ
solete machinery or buildings will be
of the permanent type.
The industry during the last year
has shown it can bring about an
almost perfect level between pro-
duction and distribution. Yet there
always must be large margin of fex-
ibility in the assembly plant sched-
ules as we'll as in the capacity of
plant facilities.
Present Balance Cited.
Current activities illustrate the
point. Assembly lines are rolling of
at present approximately 100000 cars
and trucks each week and have been
at this figure for several months.
Moreover, the production for the en-
tire year will be not far short of
5,000,0 900 units.
This will be the greatest volume of
assemblies, with the exception of 1929,
in any one year in the industry's
history. Nevertheless, there has been
no high pressure" period in the
assembly plants. The explanation
given in some quarters is that the
industry has succeeded in spreading
its annual production over a greater
part of the year than heretofore.
Evening star., 1936-07-12

June figures preliminary. In most
cities the month had one more busi-
ness day this year than last year, and
IN June this year there were four Sat-
urdays, as compared with five a year
ago.
ID. C: Bank CIearings Soar.
Bank clearings in Washington dur
Ing the last week made a sensational
advance of 49.7 per cent over the
corresponding week a year ago. the
Department of Commerce reported
yesterday. Clearings also were As
per cent higher than the previous
week. the review added
The value of building permits re-
mained about the same as the previous
week and the same week last year.
Retail sales receded 18 per cent from
the previous week. but were over 2l
per cent ahead Of business in the same
week in 1885. This is comparing the
past week of five business days with
the previous week of five days and
the corresponding week in 1885 of
four days. Tourist travel was better
VIGIL bAiC P4CfAOAo WCCh dllu AdA d1lCdu
of the like week last year, according
to the Washington Monument re-
ports.
Directors of the Potomac Electric
Power Co. have declared the quarterly
dividend Of $3.50 share on the per
cent preferred and $1.371a on the 511s
per cent preferred, both payable Au-
gust l to stock of record July Is.
The Washington Railway & Elec-
trio Co. directors have voted q 50
dividend on the common stock, pay
able September l to stock of record
August Is and the usual dividend on
the 5 per cent preferred stock, due
September and December i.
The usual quarterly dividend of
81 per share also has been declared
by the directors of the Lanston Mono
type Machine Co., payable August 81
to shareholders of record August a.
Evening star., 1936-07-12
WOOL MARKET QUIET
AT BOSTON IN WEEK
P1 the Associated P-ess.

Py the Associated Press.
BOSTON, July II Omitted States
Department of Agriculture) Domestic
woods were mostly quiet in Boston
during the last week.
A few buyers were in the market
for fine and u blood territory woods
in original bags.
Purchases to cover these needs were
made mostly from small lots at con-
cessions from the general asking
prices. Ohio fieeces were quoted
steady.
Fine Ohio Delaine moved at 1886
cents in the grease, but other grades
were quiet at quotations ranging 35-
SO cents in the grease for staple u
blood, $3.50 cents for combing IS
blood, and 37-3s cents for 4 blood.
Evening star., 1936-07-12
CLAY PRODUCTS TRADE
WELL ABOVE YEAR AGO
By the Associated Press.

BY the Associated Press.
CHICAGO, July IA survey COM
pleted by Brick and Clay Record to-
day indicated 1928 per cent Of the
clay products plants in the Nation
were operating at 65.7 per cent Of
normal.
OF these plants 9.0s per cent did
not operate at all In 1885. Plants
today were operating at l401 per cent
Of the 1885 average.
The revival in building and the
many Government building projects
were largely responsible for the i'm
provement in this industry, the state
ment said.
Evening star., 1936-07-12

AL DlStrlctS snow Gam.
The Board Of Governors of the Fed
eral Reserve System reported yester-
day that department store sales were
maintained in June at the relatively
high level reached in May. The
boards seasonally adjusted index ad-
vanced from 88 per cent of the 1929
1925 average in May to SO per cent
in June.
In June all Federal Reserve dis.
tricts showed increases in comparison
with last year. Dallas reported the
biggest gain, 10 per cent. New York,
Richmond, Minneapolis and Kansas
City reported exactly the same per-
centage progress. The percentage
changes in June and the six months,
compared with year ago, we're:
Jan. l to
june June 30 Stores Cities
u. s. total lis 10 535 $50
Federal Reserve
Evening star., 1936-07-12
Fe,v Portfolio Changes Made
For Rockefeller Foundation

were lowered, but only to relatively
small extent. Holdings of bonds and
stocks at the end of the year were
valued at $l76, ,7s1 1876, of which $685.
504, ST. was in liens.
At the end Of 1894 bonds totaled
s7l l,547,719, with the stock holdings at
S110,636,549. The largest sharehold-
ings were those of Standard on Co.
of New Jersey and Standard Oil Co. of
Indiana.
The foundation spent 12,725, ,439
during the last year in all parts of
the world in phiknthropic, health and
sc3eutafac acttyit a,
Evening star., 1936-07-12
STR00CK NET MOUNTS.

NEW YORK, July II (R.-S.
Stroock & Co., manufacturers of
fabrics, with plants in New York
State and Boston. reported today for
the six months ended June 80 net
profit Of $118,998, equal to $l.27 a
common share, compared with STA
892, or 80 cents a share in the like
1885 period.
Evening star., 1936-07-12
SALES OF INDEPENDENT
STORES GAIN SHARPLY
Ry the Associated Press.

By the Associated Press.
The Marketing Research Division
OF the Commerce Department reports
the total volume of retail sales by
Independent stores increased about II
per cent during May as compared
with the same month last year. The
report covers more than 5000 firms
in IA States and accounts for %
lines of business, including depart
ment stores.
It was noted that since there was
one more working day in May last
year, the increase announced to about
- per cent en "a aSsEa64 daily hasie.
Evening star., 1936-07-12
INVESTMENT COMPANY
STOCK INDEX MOUNTS

NEW YORK. July II (SpeciaD
The investment companies common
stock price index advanced with the
general market last week, as evi-
denced by the averages compiled by
Distributors Group, Inc.
The average for the common stocks
of 10 leading management companies
Influenced by the leverage factor
stood at 1884 at the close Of July 10,
compared with 1918 on July 3.
The average Of the mutual funds
closed at 1886 July 10. compared with
1888 at the close of the previous
week
Evening star., 1936-07-12
SE[TzER APPOINTS
COMMITTEE HEADS
FOR BANK CHAPTER
New Chairmen Leaders in
Institute Work Over
Long Period.

Paul ]. Seltzer, president of Wash
ington Chapter. American, Institute
of Banking, announced the appoint
ments yesterday of the committee
chairmen who will guide the work of
the institute during the coming year.
Evening star., 1936-07-12
LEONARD SALES JUMP.

DETROIT. July II R.-An in
crease of 52.6 per cent in shipments
Of Leonard refrigerators for the nine
months fiscal period ending June 80
over shipments for the same period
last year was announced by r. I.
Petrie, sales manager Of Leonard Re-
frieerator Co.
Evening star., 1936-07-12
TOBACCO INDEX GAINS.

NEW YORK, July IL R.-The
price of u. s. type II. grade B4F, flue-
cured tobacco averaged Ill cents q
pound this week against 1853 cents in
the previous week and "a cents in the
like period last year, the Stitch Tobacco
Index reports.
Evening star., 1936-07-12
Rx the Associated Press.

By the Associated Press.
NEW YORK, July 1.-THE invest
ment portfolio of the Rockefeller
Foundation showed only minor
changes in 1885, it was disclosed to-
day with the release Of the organiza-
tion's annual report.
Financial authorities were particu-
larly interested in the ratio Of bond
holdings to common stocks In view
of tendencies of some investment
circles recently to recommend switch
ing from bonds to equities Is . hedge
against imitation.
The fosndAtiou1 ho1danW g hend1
Evening star., 1936-07-12
2,229,599 Earned
By Western Union
During 5 Months
BY the Associated Press.


NEW YORK, July li-Western
Union Telegraph Co. reports for the
five months ended May 81 net income
Of $2.229, 500, equal to s2.13 . share
(par 5000, against 81 .405, ,576, or s1.S4
a share in the like 1885 period. May
net income was $570,717, against
$3.50, 0,276 in May, 1885.
Evening star., 1936-07-12

versity Club, Indian Spring Golf Club
and the Board of Trade. His advance
ment was the cause Of two other pro-
motions by the directors, B. Russell
Shaw being elected vice president and
v. Walton Rhine cashier.
Evening star., 1936-07-12
KELvINAT0R SALES UP.

NEW YORK, July II R.-Ship-
ments Of Kelvinator commercial re-
drigeration units in June are reported
to have totaled 5,748 compared with
3,759 In June, 1885 and for the nine
months ended June 80 were 30s07
hsainst 21,515.
Evening star., 1936-07-12

The list includes
20 of the most
active members
of the chapter
and means that
the junior bank
ers are certain to
have not t h e r
most successful
year.
The appoint
ments folio w:
A d m i nistrative,
Joseph r. Ftz-
patrick, Second
National Bank;
advisory Th0nd e
The Daily Alaska empire., 1936-12-14
CAL. M. BROSIUS IS
 DEVELOPING LIME
 QUARRY AT STEWART

A lime quarry with q conserva- tive estimated deposit of 1000 tons within six miles of Stewards city limits-that is the potential re- source that is beginning to see in- itial steps toward commercial de- velopment. says a recent Seward Gateway.
 The quarry is owned by Cal M Brosius and is located upon 20 acres Of grounds off the old tie road, now known as the cat trail, lead- Ing from the Seward highway into the Lost Lake area.
 MT Brosius sees in the quarry commercial possibilities and to that end is employing men to uncover the ridge, widen the trail at this point to permit stacking and space for loading
 A 30 to 100-barrel kiln will be in stalled at the site.
 Ralph Tuck. geologist for the AL aska Railroad had investigated the deposit and declared it to be of highest quality. Seward contractors had used it successfully in their work