davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-06-07
BANKERS UNCERTAIN
ON FRENCH OUTLOOK
Majority Believe Devaluation Is
Inevitable-0pinions Differ
on Effects for U. S.
Ey the Associated Press.

Ry the Associated Press.
NEW YORK, June 6.-Most Wall
Street bankers, while watching the
French fiscal situation even more
closely than Washington develop
mentS, concede they are unable to
draw any definite conclusion as tC
what may happen in the republic.
While the majority believe that
franc devaluation is inevitable, few
would make si2able bet that even
this will eventuate. One financier
with connections in Paris, likened the
present confusion in France to that
prevailing in the United States just
before and during the bank holiday
and the subsequent cut in the gold
value of the dollar.
If and when an operation is per-
formed on the franc, opinions still
differ as to repercussions that may be
felt in American securities markets
An international banker, just back
from abroad, said conditions in Europe
were far from pleasing.
On the other hand, he thought that
any excision Of the French monetary
unit would jolt domestic markets only
temporarily.
He pointed out that most French
holdings in this country are owned
by the so-called conservative" class
and that this element, doubtful re-
garding the future policies of the new
Socialist government, might decide
that America is a safer haven fol
their investments.
Evening star., 1936-06-07
BURDENSOME TAXES
HELD INEVITABLE
Poor's Service Believes Increase
Will Be Felt by All Glasses
as Base Widens
Dispatch TO TIE s,ar


NEW YORK, June 6.-The Guccess-
full financing operation involving
S2,050,O00 900 by the Government has
served TO allay for the time being, at
least, whatever fears existed in re-
spect to the Governments ability 10
continue financing tremendous deficits.
IN spite of this, it would be the height
Of folly to assume that the Federal
financial problem has been definitely
solved, according to a review of the
situation appearing in Poor'S Invest
ment Advisory Service.
with Government expenditures
continuing to run far in excess Of
income" states the review, 1T Is a
foregone conclusion that more real
istic attitude toward the Nations
| finances Will be taken after the FAN
elections. If business recovery con-
tinues, and thereby brings in larger
tax revenues, the solution VIII Re
| somewhat easier. But IN any event,
deficits will still be large. Hence, It
appears that expenses must Be sharply
( curtailed or taxes must again be dras-
tically increased, # the specter of cur
rency initiation is to be laid.
Since the Spending program is such
an integral part Of the New Deal phil
osophy the natural assumption is that
it will not be abandoned if the present
administration remains in power.
Therefore, higher taxes are a definite
prospect.
And since it is apparent by this
time thet c0nhsca.ion Of incomes OF
the rich would be a mere drop in the
bucket in meeting the Federal deficits.
the chances favor a tax bill which Wi.
prove bUrdensome to all
Evening star., 1936-06-07
CHICAGO LIVE STOCK.

CHICAGO, June lP.-The live stock
markets were nominally steady today, with
hogs and light steers holding the 10 to %
cent advance for the week. So few ami
mails we're on sale in the open market
that the trade basis was largely nominal.
The hog run of 1000 included $500
direct and the 100 on sale to the general
trade in addition to some holdovers went
over the scales at about steady prices al
though favoring the weak side of the mar
ket. Best sales were made at $40. COM
pared with yesterdays top of S10.25
Light sows sold upward to S9.15, while
heavies were bid down to Ss.25. Hold
over was 500.
During the week barrows and gifts
gained 10 to 20 cents. while sows weighing
under 400 pounds were 10 to Is cents
higher Heavy sows, however, were Is to
35 cents lower for the week.
Yearlings and light steers led the 25-
cent advance in cattle during the week,
but medium weight and heavy steers we're
barely steady. Demand for heavier cuts
Of dressed beef weakened in the East.
Heifers were strong to 25 cents higher,
common lights were up 25 to 40 cents in
instances, vealers gained so to rs cents
and bulls and cows were % higher. An
exceptional load of 1,235-pound steers
brought the extreme top of $40. but few
sold above 50.
Spring lambs lost so cents during the
week, while yearlings, which had been
classified as old crop lambs prior to June
1, were rs cents to 81 lower. The weeks
early Spring lamb top was S12 IS, but
the best price at the close was S1l.75.
Evening star., 1936-06-07
= Dividend Changes
BY the Associated Press.

BY the Associated Press.
NEW YORK. June 6-Favorable
dividend changes in the last week
totaled 20, against ~ in the previous
week, according to the Standard Sta
tistics Co. of New York. Unfavorable
changes numbered 2, against 3 the
week before. Details OF changes:
Favorable.
Increased-Commercial Credit, Mon
umental Radio, American Smelling &
Refining, CINCINNATI. New Orleans &;
Texas Pacific Railway. United Amuse-
ment class A, United Amusement class
B. George Weston. Ltd.
Resumed-New England Gas & Elec-
tric Association $3.50 preferred. Puget
Sound Power e. Light S. prior pre-
ferred, Merchants Petroleum. All.s
Chalmers Mfg. River Raisin Paper.
State Bank Of Kenmore.
Extra-Guarantee Co. of North
America. Naval Stores Investment.
Teck Hughes Gold Mines, Black Claw
son Co, Cincinnati New Orleans &,
CAeS L dNlAlC 1NdllhdA, 11dllUIGN Idgb
10 per cent part preferred, Harbauer
Co., Marine Midland Trust Co. New
York;. Connecticut River Banking.
Fifth Avenue Bank New York;. Gen
eral Printing Ink. Homestake Mining,
Hoskins Mfg. Reliance Mfg. (IIlinois)
Bank of Commerce & Savings wash
ington, D. c., Mead johnson, Reed
Roller Bit. United States Trust Co.
New York;.
Initial-Central Patricia Gold Mines
Endicott Johnson IS per cent preferred,
Sheep Creek Gold Mines, Albert Pa
cific Consolidated Oils, Square D Co.
class B, Central West Public Service
new preferred; Reed Roller Bit, 2O8
South La Sale Street Building Corp
(Chicago), Schoelkopf, Hutton g.
Pomeroy, Inc.
UnfavOrable.
Reduced-Little Schuylkill Naviga-
ton Railroad & Coal Co.
PaSsel-Fisk Rubber 6 per cent pre-
ferred.
Evening star., 1936-06-07
Commodity Price
Changes for Week
BY A. A. PATTON,
AssocIated PCS stat!stician.


NEW YORK, June 6.-Commodi-
ty prices rose on the broadest front
OF the year this week.
The Associated Press weighted index
of 35 important commodities stood
at 1885 against 7136 last week, and
7344 in the same period a year ago
Although the gain chalked up by
the index was not large, more in
dividual staples shared in the adj
vance than at any other time this
year, Is showing increases in price,
losses, and 13 remaining unchanged.
Lack of Rain Is Factor.
Lack of rain continued to be a
major factor in price movements.
The June weather and crop bull
letin of the Department of Agricul-
ture, lists 81 States whose telegraphic
reports include such phrases as, rain
badly needed drought continues"
''crops need rain" and conditions
critical. This is more than so per
cent of the 43 States included in the
survey.
Rainfall for the country as a whole,
measured by 1873 Genealogical sta
tions scattered through "A States,
was less than normal again.
Texas, Wisconsin, Iowa and the
Pacific Coast received better-than-
normal rain. Drought in the South
east and Northwest continued.
Cool Weather Helps.
The relatively cool weather during
the dry spell is credited by some COM
modify men with having kept the
situation from becoming serious in
many sections of the country.
Food prices were practically unani-
nous Is moving into higher ground.
With sugar unchanged, eggs, cocoa,
coffee, flour, lard and butter were
marked up.
Cocoa. after moving a narrow range
for more than a year, began to climb
little over month ago. The 10 per
cent jump since then is attributed by
the trade to low stocks and the largest
demand in history.
Live stock quotations moved sharply
higher from last weeks low point; in
cluding hogs, cattle and lambs. With
little change in underlying conditions
IN the seven days, analysts hold that
the low level of prices acted to bring
buyers into the market.
Farm Products Down.
Agricultural products slipped back
with the decline of heavily weighted
overbalancing small upturns in corn,
rye and cotton.
Industrial and textile prices i'm
proved with the persistent uptrend in
industrial activity. Hides, rubber,
coal, turpentine and linseed oil were
among the gamers. Steel scrap bids
were lowered by what the trade con-
siders to be a production decline in the
off1ng. Cotton cloth continued in good
demand at better levels.
The long slump that carried tin
prices to the lowest point in several
years during the week was based on
large stocks, a predicted drop in con-
sumption this Summer, and unoer-
tainty over the agreement among the
various producing countries.
The index and its componentS, based
on 1926 as 100, follows
Evening star., 1936-06-07

bucks were subjected to discounts Of
sI0O per hundredwe!ght. The late
bulk of good and choice new crop eve
and wether lambs sold, l1.50, but
choice grades were Quotable 25 cents
higher. Fat buck lambs sold mostly
around $l0.50. Common and medium
grade lambs and some mixed lots sold
S85OaS1050, while a few culls ranged
downward to ST00. Most medium and
good grade clipped ewes sold S3.00a
S400; a few choice being noted up to
$3.50, culls down to s1.50.
Grain Market.
Closing prices: Wheat-No 2, red,
Winter, garlicky. spot. domestic, 1O4;
June delivery, 1.04 Corn-No. ?, yel-
low, domestic, 70; Western billing at a
premium over this price; cob corn, 500
per bushel: nominal
Oats-No. 2. white. domestic, as to
weight and location. 40a5O; No 3, 80
a49
Rye-No. ?. 7Oa75. Barley-No. ?.
55a60.
Evening star., 1936-06-07
ERRATIC CHANGES
IN TIN WATCHED
Metal Establishes New 1886 Low
and Later Scores Sharp
Price Recovery.
B. the Associated Press

BY INC ASSOCIATED Press.
NEW YORK. June 6.-Erratic price
movements in tin claimed the major
interest in non-ferrous metals last
week
After breaking "a cents a pound,
establishing new lows for the year. till
regained Ia cent of the loss, The
recovery reflected renewed consumer
buying and the advance in sterling
exchange.
Lead business generally continued
IN good volume at steady prices. Esti-
mates putting May shipments at 32,-
900 to $4,000 tons were disappointing
but, on the other hands, the eXplana-
ton offered for the shrinkage of 5000
to 5000 tons from the preceding month
was that Aprils deliveries were un-
usually large.
Inertia again marked the copper
market. Foreign and domestic trade
was slow, with prices holding steady
and unchanged Abroad buying in
terest was restricted by political anG
economic unsettlement in France.
Evening star., 1936-06-07
CLEARING HOUSE ISSUES
REPORT AT NEW YORK

BY the Associated Press.
NEW YORK, June 6.-The weekly
statement of the New York Clearing
House shows:
Total surplus and undivided profits,
S743,339,10 (unchanged).
Total net demand deposits (aver-
age) $131 100000 (increase).
Time deposits (average), S14,547 900
(decreaSe).
Clearings, week ending today, S.
34,754,518.
Clearings, week ending May 29,f
81, $50, ,898.723.
*Five days.
Evening star., 1936-06-07
CURB LIST TAKES
IRREGULAR PATH
Utilities and Oils Provide
Principal Interest on
Markets Up Side.
By the Associated Press.


NEW YORK, June Curb market
stocks followed an irregular course In
todays brief session with utilities and
oils furnishing the main interest on
the upside.
Fractional improvement was shown
by Electric Bond & Share, Creole
Petroleum, Gulf Oil, International
Petroleum, Niagara Hudson Power,
New Jersey Zinc and Technicolor.
Issues holding unchanged or losing
minor amounts included American
Cyanamid b" Atlas Corp, Fisk Rub
Der, EXcello Aircraft, Hudson Bay,
Pennroad and Wright Hargreaves.
Trading was extremely quiet, total
sales appromiXating $4,000 shares,
compared with 121 900 two weeks ago,
the last Saturday the market was
open.
Evening star., 1936-06-07
RAIL BONDHOLDERS
TO BE PAID AT ONCE
BY the Associated Press.

NEW YORK, June 6.-Holders of
all outstanding series A, B and c first
and refunding 51k per cent mortgage
bonds on Chicago and Western In
diana Railroad Co., called for redemp-
ton September /, will be paid imme-
diately the full redemption price plus
the September l interest, the COM
pany stated. Holders presenting their
bonds to the Bankers Trust Co. will
receive $1,077.5O for each 81 900 bond.
Evening star., 1936-06-07
THREE ARE PROMOTED
BY HARVESTER COMPANY Y
BY the Associated Press.

CHICAGO, June 6.-The Interna-
t-onal Harvester Co. today announced
three promotions as a result Of the
retirement Of A. a. Jones, vice presi-
dent, III charge Of manufacturing.
c. r. Mcdonald. manager of manu-
featuring, was elected vice presiden.
to succeed Jones; James NJ. BalIentine.
works manager, in charge Of the
implement group Of factories was ap-
pointed TO succeed Mcdonald as man
ager Of manufacturing. and c. II.
Smart, works manager, in charge Of
the au.omo.ive group, was sppoiu /
assistant to the vice president. i.
charge Of manufacturing.
Evening star., 1936-06-07
Daily Price Index.

Daily Price Index.
NEW YORK. June 6.-The Associated
Press weighted wholesale price index OF 30
basic commodities today declined to 71.73.
Previous day. 71.S5; week ago, 71.36;
month ago. 12.34: year ago. 1872.
Range of recent years:
1886. 1885, 1884; 1889;
High 1917 1865 74.94 69 %
Low -- T1.31 71.S4 61.53 41.44
1895 average equals 100)
Evening star., 1936-06-07
INVESTMENT COMPANY
STOCK INDEX DECLINES
SPECIAL Dlspa,ch 70 me s.ar

Special Dispatch 70 The Star
NEW YORK, June 6.-The invest
ment companies common stock price
index declined slightly last week. as
evidenced by the averages compiled by
the Distributors Group. Inc.
The average for the common stocks
Of 10 leading management companies
influenced by the leverage factor stood
at l775 at the close Of June ) COM
pared with 1916 on May %.
The average Of the mutual funds
closed at 14G2 June ) compared with
1924 at the close Of the previous week.
Evening star., 1936-06-07
TRANSIT REVENUES GAIN.

NEW YORK, June (P.-The
Transit Journal reported revenues of
the transit industry for the week
ended May 80 showed continuing i'm
provement, the journals revenue in
dicator standing at 106.90 compared
with the like 1885 week. In the week
ended May %, 1886, the indicator
stood at 107.08.
Evening star., 1936-06-07
1895 average equals 10O)
Miscellaneous Markets.

Additional New York markets (aS COM
piled by the Associated Press):
WOOL TOPS-Futures closed quiet, un-
changed to l lower. December. 95.5b; jan
uary 95 5b; March. 90 OBJ.
- RAW HIDES-Futures closed steady. s.
10 higher. December, 12.15b. Sales.
zoo, 600 pounds.
= CRUDE RUBBERS-Futures closed dull.
unchanged to i lower. Sales, No. /. stand
ard, "a contracts July. 15.6sb; Septem-
Der. 15.7 .76b: March. 15.96b. Smoked rib
Z bed. spot. 15.70n.
Bid. Nominal.
Evening star., 1936-06-07

Dividend rates n dollars based on last quarterly semi
annual payment 'Socks fully EXCHANGE
cthsrs are dealt IN as unlisted issues tAnnua Tateno
Companies reported receivershlp
Payable In stock. fPus partial distribution Of Ex
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
BIG WILLOW

BIG WILLOW, Feb. Con &C
count of the illness of the pastor,
Rev. A. E. Edney, no preaching
service was held at Beulah church
Saturday or Sunday.
Last Saturday morning this
community was saddened by the
death of Mrs. Latte Summey
Owen who died near Horse Shoe
Friday morning. Her funeral was
at Beaulah church Saturday at 2
o'clock and interment was in
Beaulah cemetery, nearby. She
was SO years old and was we'll
known in this community.
Miss Beaulah Cantrell has re-
turned home from Charlotte where
for some time she has been train
ing to be a nurse.
Mr.. and Mrs Rance Cantrell of
Hendersonville visited in this COM
munity Sunday. = ...
Mr.. and Mrs, Roy Higgins and
daughter, Velma, of Henderson
vile attended Sunday school at
Beaulah Sunday. Afterward they
were. dinner guests of Rev. and
Mrs. J. E. Blythe.
Mrs. Lola Cantrell and children
of Valley Hill, Tillman and Ordy
Mae, and Junior Higgins, were
dinner guests of Mr.. and Mrs. j..
Il, Higgins Sunday.
Mrs. J. NJ. Dalton is spending
some time in Hendersonville,
Miss Marcia Higgins of Hen
Jacksonville spent the weekend
with her parents.
Mr.. and Mrs. Flave Cantrell
and son, Allen, of Hendersonville,
visited the formers parents, Mr..
and Mrs. A. F. Cantrell, Sunday.
Friends of Mrs. c. E. Cole are
sorry to learn she is very i'll.
Miss Loree Dalton spent Satur-
day night with Miss Beaulah Can
trell.
Sam Cantrell of Horse Shoe
spent a few days last week here
with his mother, Mrs. Cynthia
Cantrell.
Miss Edith Dalton has been
very ill with influenza.
Mrs. S. C. Higgins and Mrs.
Ohio Dalton visited Mrs. Linnell
Higgins Sunday evening.
The old ground hog didn't see
his shadow the second of Feb
raury. 1t is hoped here that some
fine weather will be enjoyed.
Miss Oleta Higgins has return
ed home after spending a week in
Hendersonville.
Mr.. Garland Revis of Tryon
spent the weekend with his par
ents, Mr.. and Mrs. c. G. Revis.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06

that l didn't think anything could
help me, but finally as a last re-
sort, decided to give Natex trial.
Well, sir, you never saw anything
like it. 1t seemed to go right to
the root Of my trouble and now
you'd hardly believe I was the
same person. My bowels move reg
ular every day, l feel much
stronger, my nerves are o K, and
I'm seldom bothered by dizzy
spells. My appetite is better, I
hardly know what it, is to suffer
with my stomach, and | know it
won't be long before I'll be COM
pletely we'll" re- .sss.o.,s .. ,. ,
Natex is being sold and recon-
mended by all leading druggists
everywhere and is being specially
introduced at ,Scruggs' Drug
Store. Ask about this new, triple
strength prescription perfected by
a college professor from natures
roots and herbs. Learn how Ma
tex cam also help you. 4, ~
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
Corp. Whitaker
Coaches Marines
On Workmanship
Now Serving With Detach'
ment at U. S. Embassy
at Peiping

SAVANNAH, Feb. 6. (SpeciaD
Corporal Earl w. Whitaker, U.
S. Marine Corps, son of Mrs. Oph-
ella Whitaker, Route No. z,
Fletcher, is now serving as a mem
Der OF, Company "B" Marine De-
tachment, American Embassy,
Pieping, China, it is announced by
Major R. E. Davis, officer in
charge of recriting activities Tor
the Marine Corps in the South
Atlantic States with headquarters
in the Poftoffice building, SaVan-
nah, Ga. .bo
Rifle Range Detachment through
ont the summer months as rifle
and pistol coach. He did excellent
work in this respect. He was Sc.
lected for this work because OF
the high degree of accuracy with
which he fires these weapons.
He was a member of the rifle
team which resresented the En-
bassy Guard in the Asiatlc DiVls-
ion Competitions this year; he
was awarded the First Bronze
Medal for taking fifth place in the
match. H. Mor;re
Corps on October 20, 1883. ne
is qualified as expert with the
service rifle, calibre .45 pistol
automatic rifle and Thompson
sub-machine gun, and is also quail
fled with rifle and hand grenad-
eS. r
Twenty-six vacancies for ~ ser
vice in the Marine Corps will be
flied at the Savannah office our
ing February, Major Davis stated;
Application blanks Will be mailed
upon request.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
Edneyville, Flat
Rock On Friday
Night Cage Bill
Flat Rock Primes For
Game, Beating Fruitland
Institute, 81 to Il
BY EDGAR H. CASE

Printing for their clash with
the fast and brilliant Edneyvllle
boys basketball & team FRIDAY,
night, the Flat Rock boys turned
on the pressure against the
Fruitland Institute team at the
Flat Rock gym Wednesday after.
noon and scored an impressive "a
to IL victory. Coach Bennlson's
quintet was just too good for the
Fruitland team, using a number
of substitutes and scoring almost
at will.
Whitaker dropped 16 points
through the hoop to lead his team
in scoring. Pryor and Justus each
had IL. -, :.
The clash with Edneyville is
expected to be one of the hardest
fought battles of the season. The
Flat Rock boys are on the come
back trail and will shoot the
works trying to avenge the defeat
by Edneyville a few weeks ago.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
ETHIOPIA is
POTENTIALLY
WEALTHY LAND
Lee Whitmire Reviews Is
sues Of African War at
Rotary Meet

The Rotary Club Wednesday
heard an address by R. L. Whit
mire on the history of Ethiopia
and the issues in the present con-
+flict between that nation and
Italy. -.t - - 80
Mr.. Whitmire stated that the
country contained about 100000
square miles and is rich in min
eral and agricultural resources.
There is enough undeveloped wa
ter power to elGctrify the world,
he declared.
In connection with the foreign
trade of the nation he declared
that some years ago a contract
was signed by Captain E. A.
Smyth, at that time operating the
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
WEDNESDAYS GAME
Flat Rock (54) Fruitland In. Q2)

Flat Rock (54) frultlaho ih' \iN'
Forward
Pryor (12) ......:.. Bennett
Forward
Justus (12) 49,. o. Griffin (4)
Center
Gibbs Co .......;.. Lewis w.
Guard
Whitaker (16) 80. Mustain (2)
Guard
Laughter (4) ........ RhodeS
Substitutes - Friutland - A.
Rhodes, Swain, L. Griffin (2l.
Flat Rock-Morris, Case GU, A.
Drake (2), Mace, Farmer.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06

Pelzer Mills, and Menelik III for
the sale of cotton cloth in Eth
iopia. Most of this trade has since
passed to the Japanese.
In connection with the early
history of Ethiopia he pointed out
that the Philippians contend that
the Hebrew Ark is buried beneath
a church in Aksum, the holy city
of Ethiopia. According to the
story the Ark was taken from
Jerusalem during an Ethiopian
invasion of Judea during the reign
OF SolUmon's- son. s.--..--. 49, ...,
Another interesting bit of his
tory of the country is that told
by Josephus, Jewish profane his
torian,' which tells that Moses led
an Egyptian army into Ethiopia.
conquering the country and mar
rying an Ethiopian princess.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06

The Netherlands will war on
,ernicious monOpolies.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-02-06
Mrs. Longs Time
In u. S. Senate e.
Is Length ened.

BATON ROUGE, La, Feb. @
UP)-The United States senate
term of Huey P. Longs widow
vas extended until next January
by the. state Democratic central
committee yesterday. ~
Z Mrs. Long was appointed last
week by Governor James A. Noe
90 fill the. senate vacancy caused
by her husbands death. The APP
sentiment was good until the
April 81 election. The central
committee today gave her the
senatorial nomination, so she
will be elected without opposition
m April, and will serve out the
Fest of Longs term, expiring jan
uary, 1887.
The new senator from LOUIS