davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-03-08
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, March 1.-THE fol-
lowing is today's summary of corpo-
ration news prepared by Standard Sta
tistics Co, Inc, New York:
United Aircraft Corp.-Stockhold-
ers of company authorized increase
in number of shares of capital stock
by issuance at SIS share of one new
share for each five already outstand-
ing; this means an increase of 100000
shares.
Wilcox Rich Corp.-1935 net in
come was $956,155 VS.. $548 46l.
Canadian Industries, Ltd-Com-
pany stated that practically 100 per
cent of holders of $2,250,O00 6l2 per
cent notes due May /. 1885. applied
for the new convertible 4 ? per cent
debentures, due 1941, offered in eX-
change for the old notes under re-
organization plan on the basis of S105
principal amount of 4 IS for each
500 Of the old notes. with the option
of taking in cash par for the old
notes, plus accrued interest.
Mona Electric Corp. declared an
initial dividend of 40 cents of new 81
par common stock; last previous dis
tributIon was 10 cents a share on
February /, 1882, on old no-par COM
mon stock.
Hobart Manufacturing Co. 1885
class B share earnings were s207 VS..
S164.
Climax Molybdenum Co. 1885 COM
mon share earnings were $l28 VS.. II
cents.
International Business Machines
Corp.-1935 common share earnings
were 1898 VS.. 1898.
Warren IS. DakD Co-l935 net in
come was S94, ,744, equal to SO cents a
common share VS.. deficit of s43,436.
Pullman, Inc.-Richmond plant of
Pullman-Standard Car Mfg Co, sub
sidiary, has shut down with no new
contracts in sight; on February Is the
plant completed Chesapeake & Ohio
order for 100 box cars.
Western Auto Supply Co.-February
sales were up per cent; two months
up per cent.
Youngstown Sheet & Tube Co.
Company fixed new discount rates re-
ducing butt weld pipe by about 5 per
cent and lap weld pipe by lesser
amounts; it was stated the reduction
in reality is leveling down to prices
that have been in effect in some i'm
portant market areas in various parts
of country.
paIohar o. of yoY1
announced that one-half of holdings
of each preferred stockholder of rec
ord, April g. would be redeemed on
May l, 1886, at S110 share and
accrued dividend of SO cents share
at First National Bank of Chicago;
declared dividend of s525 a share on
preferred stock, $3.50 of which are on
account of arrears.
Technicolor, Inc.-It was understood
Lehman Bros, John Hertz and Atlas
Corp. have acquired block of around
$4,000 shares of treasury stock of this
company.
Pacific Gas g. Electric Co.-1935
common share earnings were $2.46 VS..
S183.
Public Service Electric g. Gas Co.
1885 preferred share earnings were
$5307 VS.. $5515.
Tampa Electric Co.-Common share
earnings, IL months ended January
81, were 1920 VS.. $213.
United States Rubber Co-1935
common share earnings were $141 VS..
deficit of S315 a common share in
1884.
Evening star., 1936-03-08
FRANCE JOINS RACE
OF OCEAN AIRLINES
Third Nation to Seek American
Landing Rights for Pioneer
Flying Craft.
BY the Associated Press.

A third foreign nation yesterday
made plans to send transport planes
across the Atlantic in the commercial
race to determine the European termi-
nus of the proposed s-oceanic
airline
After British and German indica-
ton they would make the fight tests
this Summer, representatives of pri-
vate French steamship and aviation
companies sought landing rights here
for their pioneer planes.
At the conclusion of a conference
with the official American Com
mittee on International Aviation
it was said the French request had
been agreed upon in return for re-
ciprocal treatment by France.
Present at the meeting were repre-
sentatives of two American aviation
companies which have evinced interest
in the establishment of a trans
Atlantic service-Juan T. Trippe
president of Pan-American Airways
and Thomas A. Knowles, representing
the Goodyear-Zeppelin Corp. Of Akron
Ohio.
Evening star., 1936-03-08

nette and Junior Past Patron Milton
Hanson will entertain the 1885 officers
at dinner dance, Thursday, at the
Continental Hotel.
The Auxiliary Home Board will
meet at the Kenesaw Apartments.
March II. at 1890 pm. for luncheon.
The hostesseS will be Past Grand
Matron Mrs. Elizabeth Pitt. Past
Matron Mrs. Pauline Loveless and
Past Matron Mrs. Ella Reed. The
members of the board are making
plans to give a cabaret April "a at
stansbury Lodge Hall, Georgia and
Colorado avenues.
The matron, Mrs. Daisy Hopwood
Thour, announces the next chapter
meeting will be st. Patrick evening,
March l6 There will be dancing and
refreshments.
Warren G. Harding Chapter meets
Tuesday night, when degrees will be
conferred. Rehearsal of officers for
degree work tomorrow. A st. Patrick S
dance and card party will be held at
the Roosevelt Hotel March II.
Associate matrons and patrons night
was observed last Tuesday night in
Gavel Chapter. The distinguished
guests were Associate Grand Matron
Mrs Elizabeth w. Rhine and the as
sociate grand patron, DR.. Victor B.
Rench. and the associate matrons and
patrons of the District of Columbia.
The Ways and Means Committee
will hold its bingo party March IA at
Chestnut Farms. Twenty-sixth street
and Pennsylvania avenue. A rummage
sale will be March Is at TWenty-firSt
and K streets. Notify matron of any
rummage.
Evening star., 1936-03-08

of religion be made effective in every
day life?"
Morris Stein of 27o9 Woodley place,
has been named chairman of the
Committee on Arrangements. Miss
Dora Levin will be secretary and Mrs.
George A. Levy will head the various
Women's subcommittee.
The banquet meeting to be held
Monday, March 16, will hear Secre-
tary Ickes as well as DR.. l. H. Levin
thai of Brooklyn and Mrs. Samuel
Speigel.
Chairmen of the convention COM
mittees besides DR.. Stein include Al
bert w. Jacobson, decorations; Mrs.
Hilda Barr, reception: Mrs. Henry
Oxenberg, Oneg Shabat; Maxwell
Ostrow, sightseeing; DR.. Charles
Besache, banquet tickets, and Albert
w. Kahn, publicity.
Evening star., 1936-03-08
ADVANCE SHOWN
IN REAL INCOME
Consumers Study Reveals
Margin Over 0utgo Is
Widening.
Special Dispatch to The Star.

NEW YORK, March Real in
come Of the average American was
almost per cent larger February
than it was the same date year
earlier and nearly one-half Of ! per
cent above that of a month earlier
because cash income rose faster than
cash outgo, according to the current
consumers study made by Investors
Syndicate.
The 9.04 per cent rise in investment
income during January, 1886, reflec-
tion Of business Improvement last
Autumn, was offset somewhat by the
declines of So per cent in wages and
per cent in salaries, results of first
of the year lull in general activity and
the hampering effect of unusually
cold weather in most sections of the
United States.
Upward trend of housing, costs OF
which were up 063 per cent in Janu-
ary and 10.45 per cent for the Il
months ended February l, 1886, how
ever, promises to accelerate building
activity and thus relieve unemploy-
mGnt.
Food Prices Decline.
Food prices were down 0.37 per cent
in January, though they we're up 7.2
per cent over February l, 1885. Cloth
ing costs during January declined 2.t
per cent and dropped 1872 per cent
in the u months preceding February
/, 1896. But miscellaneous cash ex-
penditures during January were prac-
tically unchanged. They were up only
0.32 per cent during the l2-montf
period. The cash outgo index-that
is, all expenditures combined-re-
manned unchanged in January, though
on February /, 1886, 1t was AIT PEI
cent higher than on February /, 1885
Linked With Costs.
Real income-that is, the relation
ship between actual earnings anc
living costS-as a result of the changes
in income and outgo were up both fol-
the month and the year.
Compared with a year ago wages
February l, 1896. were up 1912 pc,
cent, salaries, 8l9 per cent. and in.
vestment income. 1925 per cent
thereby lifting the general cash in
come index by lib per cent.
Evening star., 1936-03-08
HARDWARE STOCKS LOW.

NEW YORK, March 7 (Pl.-Hard-
ware dealers and retailers inventories
are reported to be the lowest in some
time. Because of the heavy and long
continued demand for Winter mer-
chandise their carry-over Of such
products is said to be at minimum,
and this condition is said to be making
for more confident stocking Of Spring
supplies.
Evening star., 1936-03-08

gregation B'Nai
Israel. In ses-
sion at the Will
lard Hotel at the
same time will
be the Women's
League Of the
United S yn a =
gogue.
T h g general
theme of the con-
vention, which is
expected to draw
1000 delegates
from all over the
country, Is to be
How can the
atL;az1
Evening star., 1936-03-08
miscellaneous Markets.

Additional New York markets Gas COM
piled by the Associated Press:
Santos No. 4. 9a9A Cost and freight
offerings included Santos Bourbon 3s and
5s, at S.40a75. Rio futures closed easy;
sales. 5000. July. 5.01h: December, SPIN
Santos futures easy; sales. 5000. March
SS30n; May. S.39n: July, Sal; September
S.46: December 246
- lower: sales. No. 1. standard 4S con-
tracts. March, 15.s9n; May. Is .97b; July
LOS; September. 16.17a1S. Smoked rib
:. RAW HfOEs-Futures closed firm. 1919
nnlener. March, II Abb; June. 11.74b;
l. $50. 900 pounds
SUGAR--Futures No 3 closed firm 1-6
higher; sales. 10000 tons. March, 2.61b;
May CAB: July, 2.66b: September. 2.67b;
Noyember 2.63b; January 2.36n
- COCoA-Futures closed barely steady, 1
tember., SIS. Sales. 42e tons.
Bid. Nominal
Evening star., 1936-03-08
SHAWINIGAN OFFERING
is OVERSUBSCRIBED
Special Dispatch to The Star.

Special DISPATCH to The Star.
NEW YORK, March 7.-Aldred g.
Co, Ltd, syndicate managers, an
nounce that the issue of Shawinigan
Water 81 Power Co.'S bonds offered
in Canada refunding issue of ST.
100000 of 25-year 4 per cent first
mortgage and collateral trust sinking
fund bonds, series F-has been over
subscribed.
A widespread demand was reported
for the bonds, all points in Canada,
from Vancouver to Halifax, being rep
resented in the subscriptions.
Evening star., 1936-03-08
SAVANNAH MARINE STORES.

SAVANNAH, March (P-Turpen-
tine firm, 41A: sales, IL; receipts, 27;
shipments. 3: stock, 41,614. Rosin
firm. sales, 419; receipts, 422; ship
ments, 38l; stock, 71,O12. Quote: B,
3.25; D. 3.75; E, 400; F, 4.35; G, 4.45;
H, ASS; I and K, 4.6O; M, ASS; N,
4.7o; VIC, 500: WV and x, $40.
Evening star., 1936-03-08
ENGINEERS ARE ASKED,

NEW YORK. March : Up
Trustees of Postal Telegraph e. Gable
Corp. have petitioned the Federal
courts for approval of the appoint
ment of engineers to advise on the
management of the property, now
under reorganization under section
77-B of the bankruptcy act.
Evening star., 1936-03-08
CITY ICE & FUEL PLANS
REDUCTION IN CAPITAL
BY the Associated Press,

BY CIle ASSoclated Press.
NEW YORK, March 7.-Stockhold-
ers of City Ice & Fuel Co., Cleveland,
one of the largest ice manufacturers
and distributors in the country, will
be asked at special meeting April
to approve a reduction in the stated
capital of the company to $32,875, 200
from $48,220,340.
Evening star., 1936-03-08
HIGHER NET REPORTED
BY KENTUCKY UTILITIES
By the Associated Press.

By the Associated Press.
CHICAGO. March THE Ken
lucky Utilities Co. and subsidiaries
reported 1885 consolidated net income
of Sl,161 ,783, equal, after dividends
on the 6 per cent preferred stock, to
S6.51 share on the outstanding 7
per cent junior preferred.
This compared with $522,164, or 81
cents share, on the junior preferred
last year.
The company is controlled by the
Middle West Corp.
Evening star., 1936-03-08
WAL GREEN DRUG SALES
SET FEBRUARY RECORD
By the Associated Press.

CHICAGO, March 7.-Walgreen Co.
today reported sales of $5,059,46 for
February, the largest for the month
In the drug company's history. Feb
yuary sales last year totaled $4,637, ,406.
Evening star., 1936-03-08
JEWISH GROUP
WILL MEETFR|DA
United Synagogue of Amer.
lea Will Hold Five.Day
Session Here.

The United Synagogue Of America
will open its 1885 fve-day conven-
ton Friday with special services at
Congregation Adas Israel and Con-
Evening star., 1936-03-08

Daily Price Index.
Pres Press wholesale price index Of 35 basic
Previous day. 1884 week ago. 1885;
month ago. 1889: year ago, 1858.
Range Of recent years:
,,,a 1895; 1915; 1894; 1898.
Low ----- 1854 71.S4 153 ALA
(l926 average equals 1909
"NeW 1885 low.
Evening star., 1936-03-08

NEON GLASS BLOWER AND PUMPER.
Steady job, open shop. Baltimore; first
class man. Address Box 461-B. Star once.
PAINTERS and paperhangers. nrst class.
white, SIS day. State age and experience.
Address Box 436-B, Star ONCE
Evening star., 1936-03-08

METAL MAN for auto body shop; salary;
See Mr. Cooke. l4@4 w st. NV, Apt. 4.
from | 10 z to-day
Evening star., 1936-03-08

RESTAURANT and cafeteria manager;
state experience, references, salary. Ad.
dress Box 41O-B. Star ONCE.
ROOFING SALESMAN-Asphslt roofs and
brick siding. If you can sell call National
1869 Monday
Evening star., 1936-03-08

MEM want 3 men for local tea and
coffee routes, paying up to S3@ so q week;
no capital or experience needed. but must
be willing to give prompt service to ap-
proximately 300 regular customers: every
thing furnished Apply q-l2. Monday
mnrninp OILS Nav York ave. n "
Evening star., 1936-03-08

MECHANICS WANTED-SeveraI high-type
ment Good opportunity and splendid
proposition for the right men. Apply
today and SUNDAY until noon. Mr.. Belding.
SteuaIt Motors. 9th and New York ave. n "
Evening star., 1936-03-08

MEAT CUTTER, with grocery and veEe-
table experience. Reply, giving age pre-
vlouS experience salary expected and ref
erence. Address Box 4OO-B. Star Office.
Evening star., 1936-03-08

MECHANICS C2), for used-car recondlton-
ms work must have own tools: steadv
Tois RenE RsatIuI1 tfe M Moto HgaF ro EngS
erS Alexandria Va
Evening star., 1936-03-08

MEN-Opportunity for progressive men:
no selling experience required: salary ana
commission. Interview 8 to IL Saturday
and Sunday. nn2N l4th st u W
Evening star., 1936-03-08

MEN. two; of good appearance. willing TO
work hard: certain salary and commission.
unusual opportunity to Join PROGRESSIVE
dealer selling worlds most popular car.
Sales experience not necessary. Phone F.
E. Carter. Alexandria 314.
Evening star., 1936-03-08

work also liberal commission good future
TO earnest workers. Call Room 700. $40
18th 81 n W hPtNPen - and 5 o m. only
Evening star., 1936-03-08

REPRESENTATIVE sales organization to
represent MidweStern shoe polish manufsc-
turer in this territory; good money-makIng
line for right party; sales manager here to
interview Monday give phone number. Ads
dress Box PISA. Star Office
Evening star., 1936-03-08

MAN intelligent. industrious we can train
for special sales work, Men doing this
work make SIS q week. Address Box
31o-A Star office
Evening star., 1936-03-08

REPORTER for Washington correspond
ence ofice; start SIS. Apply 2404 Pa.
ave. NV, 2nd floor rear.
Evening star., 1936-03-08

MAN for sales and service department
JOB will pay $50 a week or better. Ad-
dress Box 326-A, Star Office
Evening star., 1936-03-08

SALESMAN, quality bakery, house-to- house
service; reference: experienced. Call after
2 pm. 6714 Wisconsin ave.
Evening star., 1936-03-08

MEN-We have an opening for a few
former Government workers. Address Box
499-J Star Office
Evening star., 1936-03-08
HELP-MEN.

AGGRESSIVE sales I2T required by large
manufacturer to sell standard products to
industrial concerns, dairieS public instl-
tutlons and farms: excellent financial ar.
rangement Address Box 445-A, Star once.
Evening star., 1936-03-08

SALESMAN Tor new houses wanted By
builder: s completed and ready, more to
build; low price range. Prefer experienced
man, but will train inexperienced man and
give cooperation until producing. If char"
acter and qualification justify; car necess
sary. Apply Mr. Browning. 1910 K st. NV.
Evening star., 1936-03-08

Unity Chapter will have charge of
the religious services at the Masonic
and Eastern Star Home this afternoon.
Rev. H j. Smith, pastor of the Pet
worth Baptist Church, will offlciate
Musical selections by Harold King,
tenor and musical director of the
above-named church, and Blanche
Kerr, soprano.
The home board will meet March II
with Mrs. Frances Dobson, 1925 Otis
street northeast Assisting hostesses
are Mrs. Elizabeth Hill and Miss Ruth
L. Piatt. Members are requested to
bring white elephant"
The obligation ceremony will be
given March 13.
Mrs. Ella Mae Fearn, matron of
Miriam Chapter, announces business
meeting tomorrow night followed by
an entertainment by members of the
De Molay.
Associate Matron Irma M. Smith
announces a meeting of the Auxiliary
Home Board at the home of Mrs.
Marie Ward Linthicum, 5425 Kansas
avenue, next Thursday evening. The
members of this committee enter
tanned the Campbell-Loeff1er Sewing
Club last Wednesday afternoon.
Esther Chapter was entertained at
its last meeting by program of music
by Crete Won Boyer, pianist; Ina
Evening star., 1936-03-08

SALESMAN - Well established concern.
seeking services of an executive salesman.
This connection will lead to an important
tween 30 and so Please sive age. past
and present employment. address and
phone Address BOX 46o-B Star ONCE.
Montana labor news., 1936-09-03

schools, post offices, ETC.; other
buildings; churches, hospitals, So
cial and recreational buildings. The
figures are for the years 1926 to
1929.
3. This is an estimate by P. A.
Stone of the WPA, covering all
homes.
4. F. W. Dodge Corporation fig
ures on value of building contracts
awarded in 81 eastern states.
5. A. F. of L. unemployment es-
innate.
6. Figures from National Bureau
of Economic Research and F. W.
Dodge Corporation.
z. National Industrial Conference
Board figures.
8. Because the birth rate 20 years
ago was very high in the United
States, there are a large number OF
young people who will be of mar
~riageable age in the next 10 years.
This estimate accounts for homes
discontinued because of death.
8. Estimates from hearing before
Senate Committee on Education and
Labor on Wagner Housing bill, S
4424, April, 1886.
Montana labor news., 1936-09-03

mea that millions of families must
live in sordid, unhealthy surround
ing, which breed illness and crime.
Looking forward to 1945, authorl-
ties make the following very on
sentative estimate of new homes
needed: To replace 10Y not fit to
live in, 3A million; further re-
placement from 1886 to l945, an
other ga million; to provide for
new families who will start homes
between now and 1945. 3D. nearly
ga million; total, 13,196,OOO new
homes. g..
To keep up with the need then,
we should build 100000 new
homes each year from now until
1915. This would be an unprece-
dented volume of building, for the
largest number of homes ever
built by private industry in one
year was 840,00 in 1928, and the
average for 1920 to 1929 was $685.
900 yearly. In 1885 we built only
about 10000 new homes. Can the
industry supply the nations need?
We come now to a real difficulty
the profit in home building. 1t
is estimated that to build new
homes either for rent or sale, for
families who have incomes under
$1,000 a year in the North and West
or 1920 in the South is not profit
able. 9. The Commerce Depart
ment's Financial Survey of Urban
Housing in 1888 showed that two
thirds of American families have in
comes below this level. Even if
prosperity should lift workers in
comes to the 1929 level, one-third of
all American families would still be
out of the running as profitable Gus
toners of the building industry.
This means that private industry
can provide only $4,000 of the
100000 new homes needed each
year. Are the other 100000 fami-
lies to live in slums, or shall the
government make decent homes
possible for theml The Congress
just ended considered legislation to
provide government assistance for
low cost housing; it must be recon-
sidered and made law in the next
Congress.
/. The others are: Farming, min
ing and manufacturing.
2. Public works include bridges,
harbors, etc, public buildings;
Montana labor news., 1936-09-03

MES and building associations, were
replaced by government bonds, thus
releasing this amount of frozen"
credit for reinvestment in new
building. Due to this action of the
Hole, to the increase in buying
power and other factors, real es-
tate values are increasing and
banks, insurance companies and
other investors are today eager to
lend money for building which two
years ago they withheld.
Thirdly, interest rates on mort
gage money are lower today than
last year by about l per cent. This
is an important point, for if a
builder has to pay more in interest
on the money ne borrows for a
house than he can get in rent for it,
he will not build. Influence of the
Federal Housing Administration has
been important here. FILA, by its
requirements for insuring loans, has
mortgage money practices: ID 1t
insures loans at 5A2 per cent where
before the rate had been 6. 7 or
8 per cent; ~ it insures first mort
cages up to 80 per cent of a home
builders property, where before
from so to 60 per cent was the
limit for a first mortgage, with a
second mortgage at high rates for
the rest; 90 it insures amortized
loans for a 20-year period where be-
fore about 3 years was the practice,
with expensive refinancing when
the first loan ended. These re-
forms have made it much cheaper
for families to build their own
homes. By insuring mortgages,
FILA also eliminates all risk for the
lender, and makes it easier for the
home builder to get credit.
Fourthly, in spite of increased
prices of building materials, the cost
of building today is % per cent be-
low the 1929 level. Costs have been
lowered chiefly by improved effici-
ency and reduced prices of ma
terials. Union wage standards have
largely been preserved-a whole
COMA d-ava1onnnenf
With rents and values rising,
mortgage money cheaper and easier
to get, costs still well below prede-
preston levels and a serious short
age of housing, a high level of pri-
vate building is in prospect for the
next two Or three years, Some
have even predicted a building
boom. Home building is now TAX
ing the lead in revival with factory
building also moving upward and
office building tagging because of
excess capacity built in 1929.
The Housing Shortage. We have
seen that if private building is to
supply the nations homes, rents
and home values must be high
enough, compared with costs, to
make building profitable. But if
rents and home values are high;
how can workers have decent
homes? These are the essential
points to be kept in mind as we
consider the present housing prob
lem.
America is today faced with a Sc
rious housing shortage, which if not
remedied within a few years, will
Montana labor news., 1936-09-03

CHICAGO. -(FP)- The Lemke
candidacy for President of the u.
S. was boosted at a picnic in Chi
cago of German Nazi organizations
addressed by former Mayor Thomp-
son. The parade to the park was
modified on school property. Many
marchers were in uniform with
swastika symbols and some carried
rifles.
Montana labor news., 1936-09-03
A SHOPS EYE VIEW OF
DEMOCRACY

Distinguished British Ooh, so Brit
ish) traveller observed in BARGE
Iona: "The rats have escaped from
their sewers, and I greatly fear that
it will be difficult to get them back
in their place"
Montana labor news., 1936-09-03

WASHINGTON. OPP Power
rates of municipality owned public
electric utilities are generally lower
than those of the private utilities,
the current issue of the Internation-
al Brotherhood of Electrical Work
ers' Journal says, citing Federal
Power Commission statistics to back
its contention.
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1936-07-27
ST. Thomas News
JACOB ROBES TO ACT AS
GOVERNMENT SECRETARY

Mr.. Morris F. de Castro, Acting Gov.
eminent Secretary and Commissioner of
Finance of the Virgin. Islands. has been
granted three weeks leave of absence to
visit the United States on personal 5usl.
ness. During his absence, Mr.. Jacob A.
Robes, assistant to the Government
Secretary, will be Acting Government
Secretary of the Virgin Islands.
Mr.. K. Petersen. Assistant Commits
sioner of Finance. st. Crcix, will be
acting Commissioner of Finance of the
Virgln Islands.
Mr.. Ernest D. Sasso. Chief Clerk ia
the Department of Finance, Will be 10
charge of the activities of the Depart
meut of Finance, st. Thomas.
The Daily News.