davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-07-19
Wheat Crop Value Is Highest
For 6 Years Despite Drought

value was the largest for any year
since 1880. It was pointed out, how
ever, that not all Of the wheat crop
Is marketed.
In figuring the average market
value Of wheat each year, statisti-
clans chose q "median' between the
highest and lowest quotations for
December contracts on the Board Of
Trade during the six-month period
beginning with the opening Of each
crop year, July l. The "median" for
this year is $1.04, q price which gives
indicated 1885 production q value of
$685.; 1874 $50.
Last year this "median" for the
six-month period was 95 cents .
bushel, giving the even smaller crop
produced in 1895 a market valuation
Of $547, 800, 900. Previous valuations
follow: 1884, $4s9, ,s43, 900; 1888, $44o,-
$4,000; 1892, $352,5s4, 900; 1881,
$510. 0.445, 900: 1890. $6s3 .229 900; 1929,
1890, ,379 200. Prior to 1929 wheat
prices averaged considerably taigher
than In recent years. -
Evening star., 1936-07-19
RAILROADS RENEW
EQUIPMENT BUYING
Expanding Freight Traffic
Taxes Carriers Present
Facilities to Limit.
Ry the Associated Press

BY the Associated Press.
NEW YORK, July 18-That the
expanding freight and traffic volumes
being handled by American railroads
are taxing the carriers existing IA
cilities was indicated IN reports Of
equipment buying and inquiries filter
ing into Wall Street today.
Pullman-Standard Car Manufactur-
ing Co. was said to have received orders
for so covered hopper cars from the
Aluminium Ore Co. and six for coaches
and four combination passenger and
baggage cars for the Seaboard Air
Line.
Reports said the Union. Pacific
Railroad had ordered a 3,6oo-horse-
power Diesel-electric locomotive from
the Electro-Motive Corp, a Subsidi-
ary Of General Motors. The engine
1t was said. will be used as reserve
power for the roads streamlined
trains. The Atchison, Topeka &
Santa Fe is said to have ordered 10
hopper cars from American Car &
Foundry Co.
Inquiries reported to be in the
market call for prices on the rebuild
ing of 1000 hopper cars for the Pitts
burgh g. Lake Erie and for six new
caboose cars for the Lehigh & New
England Railroad.
Evening star., 1936-07-19
EUROPEAN MONEY
GAINS STRENGTH
Steady Climb of Gold Bloc
CurrencieS Holds Ex-
change Attention.
By the Associated Press.

1y lAc hooOClhbco 6IcSS.
NEW YORK, July 18.-The steady
climb Of European gold bloc curren-
cies held attention in foreign ex-
change circles this past week.
The good showing made by the
French franc was attributed in part
to the fact that markets in Paris were
closed both Monday and Tuesday, in
observance of the national holiday,
thus shutting of prolific source Of
short selling and sitting for a time
any attempt to send additional funds
out of the country.
Upon resumption Of trading, the
franc displayed marked steadiness and
continued to climb in terms of the
dollar until 1t reached 6.63ss cents, at
which level 1t encountered modest
pressure and dropped back q shade.
Holland guilders and Swiss francs fol-
lowed a similar course.
The British pound sterling huctu-
ated within 12-cent of the now we'll
established $500 level, first yielding a
trifie and then regaining its less, as
funds made their way through the
London-New York-Paris triangle.
OF prime interest to the sterling
bloc was the further steps taken by
the Bank of England to add to its
gold resources, which attained a new
peak during the week.
Evening star., 1936-07-19
PROSPERITY PERIOD
IS Seen BY KENNEDY
Former Chairman of S. E. C. Be.
lieves General Business
Gains Are Ahead.
Dr the Associated Press.

BT the Associated FreSS.
NEW YORK, July 18.-Joseph P.
Kennedy. former chairman of the
Federal Securities and Exchange Com
mission, says a long period of gen.
eral business gain seems definitely
ahead"
He analyzed business prospects as
. background for his report on the
affairs of Paramount Pictures, Inc.
The report cites: THE foundations
for genuine recovery laid by enorn-
ously increased operating efficiency Of
industry, unprecedented excess bank
ing reserves, vast accumulations of
deferred demands in heavy industries,
all indicating long life to the period
of business improvement and con-
tinued increase in purchasing power
and spending ability on the part Of
the public which supports the motion
picture industry"
Evening star., 1936-07-19
INDUSTRIAL STOCKS
PASS 1885 MARKS
Bond Prices Also Hold Above
Averages for December
Year Ago.
srecial Dispatch to The Star.

srecial Dispatch to The Star.
NEW YORK. July 18.-The aver
age price Of 103 stocks representing II
industrial groups gained 80 points
during June and at 32.44 stood 2.11
points above the level at the close of
1885, according to the New York
Trust Co.
Gains were recorded in every group
Of stocks except leather and shoe
issues, S railroad equipment issues,
and 10 copper stocks. Twenty-Five
railroad issues were up 81 points,
10 iron and steel issues SIS points,
10 public utility stocks 153 points, S
shipping issues lis points, 9 motors
.79 points, and 5 tobacco issues 1.65
points.
Average price of 81 domestic bonds
declined "a points during June. but
at the end of the month was 1.16
points above the average for Decem-
Der 81, 1885. Forty representative
foreign issues gained 1.60 points and
were .33 points higher than at the
close Of the year.
Evening star., 1936-07-19
40,0 0O0,OOO.TON ORE
YEAR is PREDICTED
BE- the Associated Press.

o. the AScOClht0o FIeSS.
CLEVELAND, Ohio, July 18-Daily
Metal Trade today says: Judging
from the rate at which iron ore is
being brought down the Great Lakes
and from the number Of vessels in
commission, q 10000, ,000-ton ore yea,
is rapidly becoming a probability. Even
though this estimate on the part OF
the trade does not take into account
the probability of a strike in the steel
industry, the most conservative fore
casts place the figure at $1,000, 900 to
80, 100000 tons.
"Ore Is being consumed this year
at the heaviest rate since 1880, and
prospects of still greater consumption
are expanding with the rise of scrap
prices. OF the 318 ore and coal carry
ing vessels on the Great Lakes, 247
now are in commission"
Evening star., 1936-07-19
By the Associated Press.

CHICAGO, July 18.-Here's a bright
spot in the 1886 drought picture for
wheat farmers-at least some of
them: The depleted United States
crop has q current market value
higher than that of any crop in six
years, estimated in excess Of $685.
100000.
Barring further serious Spring
wheat destruction, present owners
should receive almost $4,000, 900
more for efforts in wheat fields this
year than they did in 1885. notwith-
standing the losses that already have
occurred. The return should be more
than double that of the lowest in
come year on recent records-1s32.
It's mostly q matter of higher
prices.
Grain market statisticians today
figured out the value of the indicated
1886 wheat crop, exclusive OF Durum,
based on Chicago prices thus far in
phe crop year. Compared with THEFT
figures for previous years. this stated
Evening star., 1936-07-19
GRAIN SHIPMENTS
LIFT CARL0AD|NGS
To- '5-YEAR PEAK
Associated Press Index
Rises Another Notch in
Recovery Climb.
Rr the Associated Presk.


NEW YORK, July 1s-Rising an
other notch, industrial activity today
registered its seventh consecutive
thrust into the highest ground for
the recovery move.
Measured by the Associated Press
index, activity stepped up to 93.l OF
the 1929-30 average. compared with
926 last week and TIT year ago.
Carloadings Up.
Total carloadings rose sharply to
the best level Of the year, with mer-
chandise and grain shipments forcing
the index to a flve-year peak.
Residential building also made q
new top. Contracts for new homes
continue to be let in greater numbers,
though the seasonal peak has passed.
Steel operations rebounded from
last weeks drastic decline, with
orders holding up we'll Automobile
output slipped less than was expected,
because large retail sales have been
steadily cutting into stocks.
Power Output Rises.
Electric power output, with last
weeks total revised by the Edison
Institute, rose normally from the holi-
day low. Cotton manufacturing was
down slightly.
The index. its seasonally adjusted
prices based on the latest available
statistics, and with 1s2s-30 as 100,
follows:
Evening star., 1936-07-19
CORN IN FREDERICK
$3.50 Per BARREL
Prices Driven Up by Rainless
Weeks and Short Crops
in West.
Iy the Associated Press.

0y inc AsSOClAteC ffeSS.
FREDERICK, Md, July 1s.-The
price Of corn, driven up by reports of
rainless weeks and short crops in the
West. reached $3.50 per barrel on the
market here.
Even with this unusually high price,
almost no corn is being offered for
sale. p. D. Koons, manager of the
farmers cooperative plant here, said
the growers were apparently holding
last years crop for stock feed this
Winter.
The price Of corn on June 9 was
$50 per barrel. BY July it was up
to $3.50 and it reached $3.75 on July
IA. The following day it went to 81,
and the next day it climbed to $3.50.
The price Of other grains is also
continuing upward. Wheat prices,
which broke sharply after reports Of
rains In Canada, have climbed again
to 81 cents. Barley rose from AZ cents
sepe weeks ago to 65 cents. Rye Is at
ths same level,
Evening star., 1936-07-19
STEEL RECORD BROKEN.

CLEVELAND. July Is (R)-Daily
metal trade says a boost of the
Youngstown district steelmaking rate
to 80 per cent Of capacity is "a meas
ure of the exceptionally heavy Sum-
mer demand for steel"
The Youngstown rate was an all
time high for this period, exceeding
even the 1929 rate for the corre-
spending week os that year." the pub
ncstion said.
Evening star., 1936-07-19
NEW YORK CLEARINGS.

NEW YORK, July 18 P)-The
weekly statement of the New York
Clearing House shows: Total surplus
and undivided profits, $813,864 500
(unchanged); total net demand de-
posits (average), $54,273, 900 dn-
crease): time deposits average), $2.-
I'll, 900 increase: clearings week
ending today, ss.47s.1os.1s clearings
week ending July IL, $3,SzS.s64,oe
Evening star., 1936-07-19
Capital Leads
u. S. in Soldier
Bonus Checks
b. the Associated Press.

The Treasury thus far has issued
a total Of $77,3a4.s675s Of checks,
and put out a total of $1,70s,s52,-
600 in payment of the soldier
bonus.
The bonds were issued In $50
denominations. while the checks
were for the odd amounts over that
sum.
Washington. d. c., led all other
areas. with checks amounting to
s20,1s4,737, with bonds totaling
s458,lss 1850. The Chicago Federal
Reserve district held second place
in checks issued, with $10,e37.-
435, and in bonds issued with
s233,110,150. New York was third
with s9.779,084 in checks and
$219, 10000 in bonds.
Evening star., 1936-07-19
HOMESTAKE MINING
PAYS $198,722 TAX
B. the Associated Press.

d tne AshoClated PreSS.
PIERRE, S. OAK, July 1s.-The
Homestake Mining Co. of Lead, s.
Dak.. paid the State $19s, ,722.s0 today,
representing the per cent State tax
on the value of ore produced during
the three months ended June 80.
A report accompanying the check
showed production during the quarter
of 345,132 tons Of gold ore, valued at
$4,968, ,070.10, or an average of $14.39
per ton.
Evening star., 1936-07-19
LONDON EXCHANGE
HAS SEMEbOOM
Steel, Engineering and Air
craft Issues Enjoy Very
Heavy Trading.
By Gable TO The Star.

LONDON, July 18 (N.ANA0.-
Markets ended the week and the
stock Exchange account period bright
ly. with new life infused in the indus
trials by Walter Runciman's forecast
Of continued home expansion for the
next several years. There also de-
veloped q semi-boom in the steel. engi-
neering and aircraft issues with accel-
Grafton Of rearmament activities.
Spectators, however. should re-
member that the government has given
its pledge to prevent excessive profits
from rearmament work, and, while
this is difficult to fulfill, Parliament
and public opinion will compel sim
cere attempt to restrict undue earn
ings.
Banks Report Records.
The past week brought new mani
festations of growing activity, with
bank advances increasing, while bank
| deposits. currency, notes and the Bank
of England gold holdings all created
| records. The Bank of England is
likely to buy additional gold, perhaps
to the extent of f6,o00,0o0 before the
August holiday.
The holiday influences are already
restoring volume to the security bust
ness, but the new capital market will
be busy next week with many indus
trial offers.
The foreign political situation is less
tense. France was quieter, although
her strike troubles are not over. The
franc was firm and internal boarding
has ceased, but so far there has been
no return Of money placed abroad
The success or failure of the new bond
issue is recognized as the "acid test
of the Blum government. Early indi-
cations are that the response has
slightly exceeded expectations.
Credit Shy of Italy.
Trade resumption with Italy is
likely to be very slow, as London is
credit-shy. Semi official confirmation
is now available of this writer's re-
peated statement that no big British
government defense loan is likely until
1887 at the earliest.
A prominent financial house issues
the following forecast: "The outlook
for the world price structure Is salts
factory. The barometer for the Sum-
mer months is set at fair" This dag
nosis is acceptable, provided there are
no major international disturbances.
(copyright. 1885. by the North American
Newspaper Alliance. Inc)
Evening star., 1936-07-19
american and British Film
Merger Reported Completed

Conferences have been in progress
this week among Joseph Schenk Of
Twentieth Century Fox, Nicholas
Schenk Of Loew's and Isador Ostrer
Of Gaumont- British. f..
According to informed sources, a
new company probably will be set up
In England to handle distribution Of
Twentieth Century-Fox and. Metro
Goldwyn-Mayer pictures. M-G-M is
controlled by Loey's. The American
companies viii dttribute oaumont-
British Aims Ia the United States.
Evening star., 1936-07-19
CORN PRODUCTS RISE.

NEW YORK, July 10 (P.-A Sec
ond advance in prices Of corn prod
ucts was announced late today in
wake of the rise Of grain quotations.
Leading makers lifted prices on bulk
corn products 20 cents hundred
pounds for prompt delivery on top
of a 15-cent increase early in July
No prices were quoted on packaged
goods.
Evening star., 1936-07-19
JUNE GLASS OUTPUT.

NEW YORK, July 18 Pp-Mem-
bers of the Plate Glass Manufacturers
of America report production for
June totaled 16,243,665 square feet
compared with 19,192,114 in May and
13,162,515 in the like 1885 month.
For the six months ended June 30
production amounted to 10000. 1918
square feet against 88,36S,275 a year
ago.
Evening star., 1936-07-19
DU POINT SUBSIDIARY
WILL BE DISSOLVED
By tie Associated Press.

NEW YORK, July 18.-Du Pons
(E. - De Nemours & Co. plans to
dissolve its wholly-owned subsidiary.
Du Pont Viscoloid Co., and operate 1t
as . department Of the parent COM
pany. it was reported in Wall Street
today.
Another subsidiary, Du Pont Cello
phane, Inc, recently was taken into
the parent organization. The moves
were seen as being in line with those
OF other large companies which have
been simplifying their corp6ate set
ups for tax economy purposes.
Evening star., 1936-07-19
RAIL OPERATING INCOME
is FIXED AT $41,842,147
BIZ the Associated Press.

By the Associated Press.
May net railway operating income
Of class one railroads yesterday was
fixed by the Interstate Commerce
Commission at 81, ,842,14 compared
with $50 9,598,511 for the same month
a year ago.
For the first five months Of this
year the figure was 1881, 1855, COM
pared with $160,67S,752.
Evening star., 1936-07-19
NEW TREND IN LOANS.

NEW YORK, July IS R.-Further
evidence of the trend of large banks
toward lending money to individuals
as a means of putting idle funds to
work was seen in permission granted
Is additional banks and trust COM
panies by the New York State Bank
ing Department to install personal
loan divisions
Evening star., 1936-07-19
b. the Associated Press.

NEW YORK, July 1S.-Negotia-
tions giving American film interests
control of .Gaumont-B British, Inc.
largest picture producing and distrib-
uting company in Great Britain, were
reported today to have been COM
pleted.
An announcement Is expected Mon
day giving details Of the deal whereby
Loew,s, Inc, obtains an interest in the
British concern. Twentieth Century.
Fox already owns 4 per cent Of the
stock Of Characterization.
Evening star., 1936-07-19
SECURITIES, FED
BY BULL|SH FUEL,
ENJOY ADVANCES
Stock and Bond Buyers Find
Incentive to Bid Up
Issues.
EQUITIES LOSE GROUND
UNDER PROFIT TAKING
Treasury Notes Show Abrupt De-
cline Through Heaviest Selling
in Several Months.
pr thu Associated Press.

BY the Associated Press.
NEW YORK. July 1S.-There was
much bullish fuel lying around finan-
cial markets this week.
Some of 1t cracked briskly, while
some Of it merely continued to smoul-
der quietly 1t served to give both
stock and bond buyers incentive to
step in from the sidelines and bid
numerous issues up to new highs.
Shares on Thursday climbed to the
highest average point since July 6,
1881, with both industrials and utili-
ties in the vanguard. Utility bonds
earlier in the week pushed up to a
new high for the year as power out
put scored a new high record.
Ground Is Lost.
As the week drew to a close indus
trial and utility equities lost little
ground under profit taking, but rails
thrust forward with the aid of bet
ter than seasonal carloadings total
for the week ended July II.
The stock market appeared to have
given less heed to the effects of
drought on purchasing power in af-
fected areas. Instead it concentrated
on the pleasant spectacle Of higher
earnings
Although still cognizant Of what
many termed lowering political clouds
abroad and long-term threats Of q
struggle between domestic steel en-
ployers and workers, market analysts
stressed the warming effect on senti-
ment Of both the size and the wide
variety Of companies chalking up
better income.
Although experts said it was diff
cult to measure the effect on stocks
Of the Federal Reserve Boards order
for a so per cent increase in member
bank reserve requirements. the Gov
ernment bond market was directly
affected.
Heavy Selling.
On the heaviest selling in several
months Treasury bonds declined abb
ruptly under selling attributed in Wall
Street partly to country banks bent on
increasing their cash reserves. This
liquidation. 1t was explained, prompted
offerings from traders who decided
to shorten holding until clearer view
Of the boards step would be possible
Many Of these sellers, it was said,
planned to buy into the market at
lower levels.
That the Reserve Boards move, de-
signed to '1ock up" part of the large
supply of surplus bank funds and thus
ward of credit expansion, would
net alter the current ease of the money
market was held in some banking
circles.
Others emphasized that the boards
action was experimental and its effects
thus virtually unpredictable. Those
who expressed misgivings that it might
advance money rates and thus retard
business recovery could find no such
hint In the behavior Of equities.
Henderson daily dispatch., 1936-06-01

he'd ask when she was sure that he
was heart deep in passage. Then
they'd swim vigorously. dry in the
sun and eat their lunch from table
at the pool-side.
Afternoons she spent transcribing
her notes. It was generally dinner
time when she was ready to battle
and dress for dinner which she ate
alone most frequently. It was peace
full and it was pleasant and it was
always with a heightened sense of
excitement that she came downstairs
in the morning to find Julian in
tweeds or flannels waiting for her
with that freshly bathed and groomed
look that charmed her. Or to see
him briefly at night for a cocktail
when he was dining out in flawless
black and white that he wore with
careless grace. Those nights she
wondered where he was going and
with whom. and what they would
talk about.
And sitting in her cool. flower
filled sitting room those nights she
slipped her iced coffee and let the late
dusk fill the room while the perfume
Of the country stole in with the night
and she devised stories of her own
of lovely ladies dining by candlelight,
dining with gentlemen who looked
| like Julian Sloane.
But when she tired of that theme.
| there was another story Of a boy
and girl who loved each other once
upon time. That story should have
ended with light glowing in a white
office and the girl waiting for the
boy when his last patient had gone.
That was the time that she turned
on the lamps and shut her dreaming
away.
She was often awake and sitting
at her typewriter when she heard
Julian's car drive in, heard his step
in the hall below and knew that he
was having a night-cap in the
library but, much as she wanted to
join him. she couldn't bring herself
to go down.
Sometimes Joan was lonesome
Twice she had driven over to Blake
vile and each time had missed
| AAiAA . S0OoLo. OlO AlcA0 6OI0 0Cl1O-
erately when she knew he was hav-
| ing guests for she could not yet feel
completely at ease and "a member
of the household as he had bid
her do.
Each time she had come back glad
to be back. to find herself happier
during those hours she worked with
Julian than she was lonesome during
the later ones. For relaxation, she
had reading, her Gaily swim with
Julian. Twice ne took her riding.
Sometimes in the evening he sat at
the piano and PLAYED FOR hours He
Henderson daily dispatch., 1936-06-01

played without skill but Joan remem-
bered those evenings.
He was in New York the night
that Alex Clarity came out.
Come out and play. secretary" he
called to her from his car.
"Hello!" she simply shouted, she
was so glad to see him. II didn't
know you were coming out"
Neither did I until 1 ran into the
old man this afternoon and dscov-
cred he's been working you to tho
bone. I came out to see II you
wanted it reported to the Society for
the Prevention Of Cruelty to Chill
iren."
Joan laughed. "And spoil my
fairyland?"
Alex pretended stricken surprise.
"Ye Gods! You too? Don't tell me
you've fallen for that hoary old fel-
lowi"
Hes not hoary. He's not old.
And I haven't fallen for him." Joan
answered coolly.
Then put on your bonnet and your
dancing shoes and We'll go out and
see how the other half lives. There's
a party at the Westchester club I
think you'll like"
"Oh, I'd love it. Half a sec. IN
be right back" Joan's beach sandals
tapped up the stairs and in a few
minutes she was back in a flowing
dance frock Of deep violet sheer ma
terial.
That night Joan had her first taste
Of fun and of champagne! She
had only two glasses but fun ana
excitement, dancing and music, gay
youth and pretty girls made her feel
as light as the glass and her spirit
as bubbly as the wine.
It was after three when Alex
brought his roadster to stop before
Julian's porch. Joan's light laughter
broke the stiffness of the quiet nighA
Would you like to kiss me good
night?" Alex asked lightly.
Love to but I'm afraid I can't"
she tried to make it light but it was
only low and. saying it. she slipped
out Of the car.
Thanks awfully," she said. "fof
the best time I've ever had"
'"That you. Joan?" 1t was Julian's
voice from the darkened porch.
EYES," she said. II I've been
dancing with Alex Clarity"
"You knew that 1 was starting my
second chapter tomorrow. Now I
suppose I'll have to put it off. Well.
nothing to do about it now. Good
night" His voice was more cold than
querulous and Joan's happy evening
was completely spoiled.
Why? She asked herself as she
took off the violet rock.
RIO BE CONTINUED