davidaulloa/AmericanStories huggingface dataset:
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1936-05-20
Panama Hats

Welhavs received very complete "a
sortme"t of CenuiOa Panama Hats fo-
BOYS, GIRLS men ana " OMEN
n ace. Q. lain. .ud colorsd.
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Evening star., 1936-03-29
HUGE RISE LIKELY
IN STORE CREDIT
InstaIIment Sales Volume of
Five Billions Held Prob
able in 1886.
BY the Associated Press.

NEW YORK. March 28.-The
credit management division of the
National Retail Dry Goods Associa-
ton estimated today that $4,000, ,000,-
900 retail installment sales volume
this year would be reasonable
expectation"
At the same time. however, the or
ganization warned against too great q
growth in that type Of sales volume.
J. Anton Hagios, manager OF the
division, in a statement, declared the
1886 percentage Of inStallment sales
to total sales might exceed the 1929
aggregate when 13 per cent, or about
$3.50, 900 900 of the SAC, ,000, ,000,0 in
total retail sales, passed to the con-
sumner on the deferred payment plan.
It was stated that should the ratio
Of inStallment sales to total retail
sales continue to increase during the
next few years as an outgrowth Of the
present trend in installment granting,
an increasing outstanding installment
debt will be created, which may pre-
sent a weighty problem to stores in
the event Of another business slump.
During 1885 total retail sales were
$32, 200, 900, of which II per cent
or $3.840, 100000 were installment.
But the installment portion increased
IS per cent while total sales advanced
z per cent, it was pointed out.
Hagios stated, 1.-THE extension Of the
installment plan privilege to the sale
Of general merchandise in all likeli-
hood had a considerable effect on the
increase in store installment sales"
IF our total national income and
reserves do not increase at an equal
or higher rate than the outstanding
national consumer debt, the margin
between the two, or the degree Of ma
tional liquidity. will become smaller.
This raises the question of what will
happen should we hit another slump
in business"
Evening star., 1936-03-29
ID. C.. Store Sales
Hold Above 1885
Despite Recession

Department store sales in Washing
ton during the last week were Sc PEI
cent higher than a year ago but of
49 per cent from the previous week.
the Department of Commerce reported
yesterday. Bank clearings dropped 12.5
per cent from the previous week but
increased 1875 per cent over the same
1885 week.
The value CT building permits re-
mained over 3 per cent higher than
last year but fell 80 per cent below
the previous week Weather and flood
conditions handicapped the tourist
business in the Capital. as evidenced
by registrations at the Smithsonian
Institution. There were more visitors
than in the previous week, although
not as many as year ago.
Although there was some narrowing
of business in the whole fifth district,
in most cases margin over last year
was sustained. The best showing was
reported from Charleston, S. c., where
both retail and wholesale trade ad-
vanced over the previous week and the
like 1885 period.
Evening star., 1936-03-29
SUPPORT APPEARS
AS FRANC PLUNGES
Buying Believed Official
After New Lows for
Gold CurrencieS.
BY the Associated Press.

The sharp decline in the French
franc and other foreign currencies
was partially halted by strong support
from sources some quarters believed
to be official yesterday after new lows
for the year had been recorded by
several members of the gold bloc.
In New York the franc dropped to
658A cents, but rallied shortly after
the Bank of France raised its discount
rate from 3la to per cent and closed
at 6.5sas cents for net loss of .005s
of a cent.
Holland guilders yielded .26 Of
cent to 67.65 cents, German marks
lost IA of a cent at 40.08 and Italian
Ira was .0l Of a cent lower at 1874
The British pound sterling was steadier
and closed Is of cent lower at S4.94 n
Earlier in London the dollar was
higher at S4.94% to the pound, and
in Paris the American unit was firm
at 6.58 cents to the franc.
Based on the franc at its final New
York rate the dollar was at premium
of 76/100 of per cent, compared with
66/l00 on Friday and a discount Of
81/100 month ago.
Evening star., 1936-03-29
B. & O. NET SHOWS
CLIMB WITH GROSS
February Revenues Well Ahead
of Figures for Same Month
of Last Year.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, March 20. - Both
gross and net earnings of the Balti-
more & Ohio Railroad Co. in Febru-
ary showed gains over the like month
last year, according to the report
made public yesterday.
Railway operating revenues totaled
$12,937 .099, an increase of $2.219,014
over February last year. Railway
operating expenses amounted to
$9,787, LIS, again Of $1,839,367 over
the 1885 month.
Net railway operating income was
$2,146,274 as against $1,7e9, ,s97, a
gain Of $346,377, as over February
last year.
Maintenance Of equipment and
transportation costs accounted largely
for the gain in operating expenses.
For the first two months Of the
year operating revenues totaled $25,-
402, ,755,, an increase of 1851, ,754 over
the corresponding period last year.
Operating expenses totaled $780,
118, an increase Of $2,937, ,183 over the
1885 period.
Net railway operating income for
the flrst two months was $4,177,59
as against $3,583, 800 In the CORES
ponding period q year ago, gain Of
S5o4.20S,
Evening star., 1936-03-29
BRITISH INDUSTRY
CONTINUES MARCH
TO HIGHER LEVELS
Earnings Reports Excellent
and Orders Pile Up--Divi.
dendS Liberal.
STOCK MARKET REMAINS
CALM THROUGH CRISIS
French Business Stagnant as Re.
suit of London Developments
and Political Campaign.

Special Dispatch to The Star.
NEW YORK, March 28.-Cables and
wireless dispatches to Business Week
give the following survey Of business
abroad for the week ending today.
LONDON.-"In spite of interna-
tional worries, business is booming.
Company reports are excellent; divi-
dends are generous; orders continue
to pile up in many lines. There is
a tremendous interest in the Queen
Mary.
Retail stores are doing tremend-
Gus Easter business.
"The stock market has been re-
markably calm throughout the crises
of the last few weeks, and prices are
firm. After a temporary check, the
flow of new issues has been tenta-
lively resumed A fair volume Of
funds continues to flow to the United
States"
French Trade Lags.
PARIS.-'Business Is stagnant as
a result of the developments in Lon
don and the prospect of a vigorous
political campaign during the next
few weeks. Prices have strengthened,
however, as tensions have ebbed.
Parliament will reconvene on June /.
Before it adjourned, parliament
provided funds for the running of the
governments business until July by
authorizing the extension Of the limit
on treasury bills from is billion francs
to 81 billions. The new bills will
eventually be discounted with the
Bank of France"
Hitler Victory Due.
BERLIN.-"Sunday's balloting can
60 only one way-a complete victory
for Hitler. Germans are sincere in
their approval of the reoccupation of
the Rhine (Which is the question on
which they are to vote), but it would
be difficult to register dissent even
if they disapproved.
Business is more cheerful than 1t
was a week ago. Stocks have recov-
cred some of their losses, and the
tone is better"
Russian Grain Crop Big.
MOSCOW.-"Russia undoubtedly
will re-enter the world grain market
with a bang this year. With a grain
crop last year of 100,000,0o0 tons,
Moscow exported 1,650,000 tons, twice
as much as in 1884. This year, the
Kremlin aims to increase the yield
considerably. With average weather
conditions, agricultural authorities
predict the crop will reach 118,000. 900
tons. BY 1910, Stain has decreed that
Russia must produce 170,000.000 tons.
England constitutes the chief mar
ket for Soviet grain, London having
purchased more than so per cent of
Russia's wheat and barley exports last
year. Greece, Belgium and Holland
are next In line. Norway Is the Sow
cts greatest market for rye, and Ger
many for oats.
Evening star., 1936-03-29
Vide Gulf Separates Market Bulls and Bears,
Optimism Contrasts With Clooming Warning

Before the chill gets you," said the
captain, "listen to this from q brokers
letter: There Is good reason why
stocks in some Of the best situated
groups have been making new highs
IN recent days in the face Of the prev
alence Of considerable bearish senti-
ment. That reason Is simply that
earnings in these groups are, accord
ing to indications, better In the cur
rent quarter than they were in the
first quarter Of 1885. Large holders
of stocks held outright are aware, it
seems apparent from the action Of the
market, that industrial conditions
strongly favor adding to holdings now
rather than otherwise
IAN I can add is-you pays your
money and you takes your choice!"
Iconyrtsht. 1sSe.A --
Evening star., 1936-03-29

"'We believe 1t Is highly advisable
for clients to keep as near a cash posi-
ton as possible between now and
election, even at the expense Of living
on a part Of ones capital during this
short period. Also advise that great
care be exercised in the acceptance
Of any substantial forward orders from
customers for the balance Of the year.
For when this market turns down, its
decline will be so abrupt and Of such
a panicky nature, that cancellations
will be the order of the day and in
ventory losses as q result are bound
to be very. large. Not only the Amer
ican position but the international
position as well Is on an extremely
unhealthy basis today which can
break wide open with amazing
rapiditW
Evening star., 1936-03-29
ECONOMIST REVIEWS
BUSINESS SITUATION

Nearly 800 guests attended the din
ner at the National Press Club Friday
evening by Slauson, White & Rowe,
Inc, on the occasion Of the invest
ment firms fourth anniversary in
business here. The firm Is made up
of Donald w. Slauson, Roland H.
Rowe and Mabel s. White. The guest
speakers were Thatcher c. Jones Of
New York, who gave a most interesting
address on the present economic sit
uation. and Henry I. Simonson, jr.,
president, Independence Fund of
North America, who talked on the
progress of the trust.
Evening star., 1936-03-29
HEAD OF CHEMICAL
FIRM GETS $53,618
Monsanto Officials Salaries Are
Revealed in Report Issued
by S. E. C.
BY the Associated Press.

BY the Associated Press.
A 1884 salary Of $53,61s to Edgar
Monsanto Queeny, st. Louis, president
of the Monsanto Chemical Co., was
listed in a Securities Commission re-
port yesterday.
His salary and those of others in
the company were released after rul-
ing by the commission that the COM
pany's request for confidential treat
ment should be denied. Other
salaries:
Castor Du Bois. s45,425; j. w. Liv-
ingston, vice president, $43,277; Theo-
dore Rassieur, general counsel, $9,275;
G. Lee Camp. s44,981; Lloyd F. Nickel,
assistant vice president. s46.055:
Charles Belknat, vice president, $685.
483; William M. Rand, vice president,
s27,196: Samuel W. Allender, assistant
to president, $9,059.
The company's consolidated profit
and loss statement for 1884 also was
released. 1t showed gross sales of S14,-
065, ,583, a net income for the year Of
50, ,142 ,683. The cost of goods sold was
$9,878,534, to leave a gross profit on
operations of $4,l87,048.
Evening star., 1936-03-29
GENERAL TIME OFFERS
RIGHTS TO NEW STOCK

Special Dispatch to The Star.
NEW YORK, March 28.-The Gen
eral Time instruments Corp, whose
subsidiaries include the Seth Thomas
Clock Co.. Western Clock Co. and
Stromberg Electric Co., announced that
1t will offer stockholders rights to sub
scribe to one share of common stock
for each 31s shares held.
A total of 1854 shares of common
stock will be offered, it was stated.
Net proceeds of the offering will be
used to redeem 1856 shares of the
6 per cent cumulative preferred stock
Of the corporation at $110 per share,
to restore the consolidated cash posi-
ton of the corporation after its pay
ment of accumulated dividends on its
6 per cent preferred, and the balance
to the general funds of the corporation.
Evening star., 1936-03-29
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 28.-The month
old upswing in industrial production
was interrupted this week by the ef-
fects of the recent floods.
The Associated Press index Of in
dustrial activity at 81.3 compared with
82.s a week ago and 75.5 in the
same week last year.
Most seriously affected by the food
conditions were electric power gen
orators, railroad carloadings and steel
manufacturing, all Of them Slumping
sharply after adjusting for the sea-
sonal factor.
Automobile output continued to rise
a retail sales improved.
Evening star., 1936-03-29
Special Dispatch to The Star,


NEW YORK, March 28.-"It takes
a difference of opinions to make a
horse race worth running or a stock
market worth dabbling in," said the
old-time trader, Capt. Duke" Wilson,
when your correspondent caught him
in talkative mood.
But" he went on, II never saw
two opinions hit quite so close to
exactly opposite poles of thought.
Usually, in a bull market like we have
been having, there are people who are
bullish, others who are not quite 50
bullish, and still others with just the
least bit of misgiving that things may
have gone too far. Now let me read
you this, which is not from q broker
age letter, but from a professional
soothsayer;
Evening star., 1936-03-29
HIGHER TEXTILES DUE.

NEW YORK, March 20 @-Sell-
ing agency quarters predict that ad-
vances on both outing flannels and
part-wool and cotton blankets will be
put into effect next week. An advance
Of u cent yard is expected on fan
nels, with the blanket revision placed
at 21a cents q pound.
Evening star., 1936-03-29
CANNED FOODS QUIET.

NEW YORK, March 20 R.-
Canned food trade reports say that
business has fallen to low levels In
primary markets due to uncertainties
rs to the extent Of frost damage in
the important growing sections of
northern California. Leading packers
have temporarily withdrawn their full
lines Of fruits, it was said.
Evening star., 1936-03-29
McKESSON & ROBBINS
SALES SOAR ABOVE 1885

Special Dispatch to The Star.
NEW YORK, March 28.-McKes-
son & Robbins, Inc, drug nlanufac-
turers and distributors, report net
sales of $11,475,412 for February,
1886, compared with $1O,071,119 for
February, 1885, an increase of $1,404,-
293, or 1894 per cent.
Sales for the first two months of
1886 aggregated $23,o81, ,o34, against
2O,603,754 for the corresponding pc
riod Of 1885, an increase of $2,477,-
280, or 1902 per cent.
Evening star., 1936-03-29
PRICES REMAIN FIRM
ON CAPITAL EXCHANGE

Prices were steady on the Wash
ington Stock Exchange in the final
session of the week. Potomac Electric
Power 6 per cent preferred stock reg
istered 1i11a on three 10-share sales.
The same corporations 51z per cent
preferred came out at ia. Mergen-
thaler Linotype ended the week at
AN. Anacostia & Potomac r. r.
IS recorded a $1,000 sale at 78%.
Evening star., 1936-03-29
Effects of Floods Interrupt
Ups,ving in Industrial Index

Cotton manufacturing maintained
the uptrend begun early in February.
Residential building contracts awarded
in early March gained less than the
usual seasonal amount.
The index, with its seasonally ad-
justed components based on the latest
available statistics and with 1926 equal
to 100, follows:
Evening star., 1936-03-29
LINOLEUM ORDERED.

NEW YORK, March 28 R.-Busi-
ness showed substantial expansion
in the hard-surface division Of the
floor covering market last week, job
bing sources report. Retailers placed
many orders for linoleum.
Evening star., 1936-03-29
DIVIDEND ACTIONS DUE.

NEW YORK, March % R.-The
more important dividend meetings
scheduled for next week include Al
lied Chemical & Dye Corp, American
Can, American Chicle and Beneficial
Industrial Loan Co.
Evening star., 1936-03-29
UPTURN INDICATED
BY LUXURY TAXES
Financial World Points to In.
ternal Revenue Figures as Sign
of Trade Recovery.
snec;a1 nisnatcb N The Star.

Special Dispatch to The Star.
NEW YORK, March 28.-Internal
revenue tax collections for the final
quarter of 1885 indicate the favorable
trend of business when compared with
collections for the corresponding quar-
ter of 1884, it is pointed out in the
forthcoming issue of The Financial
World.
Receipts were up substantially espe-
cially in luxury lines, which would
point to a substantial gain not only in
purchasing power but In general will
ingnesS to spend, according to the
publication, which gives the following
comparative figures:
Evening star., 1936-03-29

The data covers perlOu IN WHICH
levies we're unchanged and therefore
the comparison is valid asa repre-
sentation Of the increase In volume
Of business over 1884.
Evening star., 1936-03-29
CAMPAIGN TO SPUR
ELECTRICAL HOME
APPLIANCE SALES
Twelve Manufacturers Join
Other Groups for April
Promotion Event.
BY J. G. DONLEY.
Special Dispatch to The Star.

special DlSpatch 10 Inc Star.
NEW YORK, March 28.-Twelve
manufacturers of electrical appliances
have joined with the Edison Electric
Institute, central power stations and
retailers all over the country to make
April the electrical housekeeping
MONTH"
The manufacturing concerns back
of the drive are the American Elec-
trical Heater Co., General Electric
Co., Hamilton Beach Manufacturing
Co., Knapp Monarch Co., Landers,
Frary & Clark, Manning &
Co., Proctor & Schwartz Electric Co.,
Robson Rochester Corp, Swartz-
baugh Manufacturing Co., the Slick
Co., Waters Center Co. and Westing-
house Electric & Manufacturing Co.
Special Items Offered.
In preparation for the retail sales
drive, they have been offering special
promotional items, the whole distri-
button of which has recently in
creased as much as 20 to Is per cent.
Promotional efforts will be concen-
trated on the smaller electrical ap-
pliances commonly known as 'elec-
trical housewares" and the strongest
demand from retailers Is reported to
be for such things as toasters, perco-
lators, irons, waffle irons and small
grills
Electrical housewares will be in
tensively promoted during the month
by virtually every important electrical
manufacturer, distributor and dealer
in America, according to broadside
announcing the sales drive to the re-
tail trade
A feature of electrical housekeep-
ing month will be the installation
by every participating central sta
ton, department store and electrical
dealer of a window display incorpo-
rating special display poster. Three
prizes of all-expense cruises to Ha-
vana are being offered for the best
window displays tying-in with the
national campaign.
copyright. 1850
Prospects Are Bright.
Prospects for Spring business In the
electrical household equipment indus
try are favorable, according to a new
study issued by Poor's Publishing Co.
Expanding consumer purchasing
power Is continuing to benefit the in
dustry Sharply rising sales of ra-
dios, refrigerators and other electrical
household equipment will be further
increased by greater gains in con-
sumner purchasing power, resulting
from rising industrial activity and
the soldiers bonus to be paid this
Summer
I'm addition. sales will be stimu-
lated by the sharp expansion in resi-
Dental construction, which will
doubtless continue"
Evening star., 1936-03-29

Continued on Fourth Page.)
Evening star., 1936-06-15
S25, 900 Issue
Put on Market for
Commercial Credit
By the Associated Press.

By the Associated Press.
NEW YORK. June 15.-A group of
SO underwriters today offered the
$25.000.000 issue of Az per cent
cumulative convertible preferred stock
of Commercial Credit Co. at s10175
share.
Kidder. Peabody & Co. and the
First Boston Corp headed the under
writer's.
The issue will raise funds, through
sale and exchange, to retire the COM
pany's entire issue of 5la per cent
convertible preferred stock, to in
crease working capital and to enable
capital stock to provide a larger pro-
portion of funds needed to finance
company business
Holders of the 512 per cent issue
may exchange their holdings on the
basis of one share of the 512 per cent
for one share of the new Az per cent
plus 3-20ths of a share of common.
The right expires June %. The 512
per cent preferred is expected to be
called for redemption July 81 at $110
and accrued dividends
Evening star., 1936-06-15
Stock Averages
BY VICTOR EUBANK

.
NEW YORK. June l5.-Specialties
tipped the stock market price scales
for gains of fractions to or more
points today, but profit taking kept
many Of the leaders in a narrow
range.
Realings were on the quiet side
throughout. transfers approximating
100000 shares. The close was steady.
Steel issues we're popular for a
time when the American Iron g. Steel
Institute placed this weeks bill oper-
ations at 10 per cent of capacity, up
S from the previous week
| Douglas Aircraft pushed ahead
about a point as the War Department
| announced awards for $50 pursuit
planes would be made public this
week
| Industrial rayon and celaneSe shares,
/ firm at the close Saturday on reports
of a prospective boost in rayon yarn
rates, marked time. notwithstanding
that leading companies posted in
creased prices today.
Among the principal gamers was
Revere Copper & Brass "A" up about
5 points at its best. Universal Leaf
Tobacco advanced a point on the dec
laration of an extra dividend. J, !.
Case was up 4 most Of the session, but
/ fell back later.
About unchanged to point or more
| higher were Du Pont, American Can,
American Telephone, Western Union.
! Consolidated Edison, Standard Oil of
New Jersey, North American, United
Corp. American Water Works, Ma
tional Dairy, U. S. Industrial Alcohol,
Westinghouse, Montgomery Ward,
United Aircraft. Deere, General Elec-
trio, International Harvester, Ameri-
can Crystal Sugar, Great Northern and
! Santa Fe.
Evening star., 1936-06-15
ADVANCE is RECORDED
BY INSURANCE SHARES
srecial Dispatch to The Star

Special Dispatch to The Star
NEW YORK, June 15.-Insurance
stocks in the New York City market
closed the last week at higher levels,
according to figures compiled by Holt,
Rose & Troster.
The aggregate value of 20 leading
fire and casualty insurance issues
on June IL totaled $3.50, ,956, ,0e0, COM
pared with $685., ,e26. 900 at the close
of the previous week, an increase of
$3.50, 900, or 1.49 per cent.
The current average yield of the 20
issues of 3.25 per cent compares with
a yield of $50 per cent on June 5.
The current market value equals l2o
times the current liquidation value,
against 1.18 times week ago.
Evening star., 1936-06-15
.RAyON BOOSTED
Z. BY BIG PRODUCERS
Viscose Corp. and Du Pont
Unit Raise Prices as De-
mand Climbs.
2, tie Associated Press.

Ry tie Associated Press.
NEW YORK, June 15.-Two impor-
tant producers today advanced rayon
prices.
Viscose Corp. Of America increased
the price of its standard number $50
denier 40 filament viscoSe rayon to
so from 81 cents and coarser sizes l
cent q pound. Du Pont Rayon Co.
met the advances.
The higher price. trade circles said,
resulted from shortage occasioned by
plant closings during the Spring floods.
Demand has been well sustained.
Other producers, including Tubize
Chatillon, Celanese Corp. of America
and American Enka Corp, said they
had made no decision on possible price
changes.
Evening star., 1936-06-15
CHICAGO GRAIN
BY the Associated Press.

D. hA-N hosONAdNCu lCos.
CHICAGO, June 15.-Acute anxiety
regarding prospects for the domestic
wheat Spring crop skyrocketed Chi
cago prices more than cents a bushel
today and Minneapolis cents.
Drought in North Dakota, the lead
ing Spring wheat State, was Officially
reported as having resulted but once
before since 1907 in such low con-
diuion for wheat as at present. This
applied not alone TO wheat. but also
to oats, barley, rye and hay.
Wheat closed strong, 2l2-3is cents
above Saturdays finish, July, S7's "a,
September, 887s-89; corn, 5s-lls up;
September, 59"s-12; oats, l2-ss ad-
vanced, and provisions varying from
S cents decline to a rise of cents.
Evening star., 1936-06-15
LIQUOR EARNINGS SHOWN.

NEW YORK, June is (P).-Distillers
Corp. -Seagrams, Ltd, Canadian whisky
distilling concern, reports net income
Of $1,6lS,68 canadian currency for
the three months ended April 30, equiv
allen to "a cents share on the capital
stock. Comparable figures for the Ike
period last year we're not available, due
to acquisition of new properties.