davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-06-30
COTTON FUTURES { {
SPUR CONFIDENCE
Markets Adjust Themselves
HandiIy to Changes in
Fundamentals.
BY BERNARD OHARA.


NEW YORK, June 3o.-Cotton fu-
lures markets adjusted themselves
handily to drastically altered funda-
mental conditions during the first half
Of 1896.
The principal force In the transi-
ton was the Supreme Court decision
January eliminating the A. A. A.
on the ground of unconstitut.onality
Since that date the raw cotton price
structure, trade economists have as
serted, has been in the process Of
gradually freeing itself from the infiu-
ences created by the Governments
agricultural program.
Obscured by Dizziness.
Observers Of the price trend con-
tended that the work Of adjustment
had been obscured by the markets
outward appearance of inertia, and
narrowness. Nevertheless, as the sec
ond half of the year dawns, futures
are SO to 81 a bale over the levels
prevailing at the end Of 1885. New
York spot cotton is currently quoted
around 12.43 cents a pound against
1910 In December and the f1rst half
low of lips, reached in February.
Despite differences Of judgment as
to advances of the Federal price-sup-
porting aims under A. A. A, cotton
trade quarters generally are said to
feel confident that the market Is we'll
enough situated to work out its des-
TIMES without outside aid.
To most of the experts the action
of the Government authorities in
liquidating a large proportion of Fed
eral-controlled staple without unset
tlement of the market stands as one
Of the notable developments Of the
period just ended.
Pool Holdings Reduced.
Producers pool holdings, it is indi-
Gated by figures from official sources,
have been reduced from a maximum
of around 1,950,000 bales to some
thing like 475,00O bales, as of Nav
81 Meanwhile Government loan stock
declined from 4 4,499, 900 bales to around
1857 900 bales.
1t has been estimated that most Of
these stocks have gone into channels
of consumption.
Entered in the log as another en-
couraging development is the pro-
upturn in the manufacturing
divisions since the latter part Of May.
This improvement, textile interests
point out, has been reflected by ex-
panding distribution of cloth, reduced
mill inventories and gains in untitled
orders.
Evening star., 1936-06-30
CHAIN SALES MOUNT.

NEW YORK, June 80 R.-Chain
Store Age reported May trade for that
type of merchandising continued the
extraordinary seasonal gains and es-
tablished the fourth successive monthly
rise of the year. All important chan
nels of business expanded except groc-
cry sales. which receded slightly, it re-
vealed.
Evening star., 1936-06-30
Bank Continues
To Issue Pleas for
Balanced Budget
By the Associated Press.

NEW YORK, June 30.-If persist
ence in arguments in favor of 1t count.
the First National Bank of Boston will
some day get the Federal budget bal
,anced.
Month after month, without ever a
let-up, the bank has urged in its
monthly news letters that the Treasury
balance its budget. In its latest piece
the bank sets forth its arguments
thusly: Reduction in governmental
expenditures is prerequisite to bal
anced Federal budget.
"A balanced Federal budget is a
prerequisite to impregnable Federal
credit. Impregnable Federal credit is
a prerequisite to sound currency.
Sound currency is the corner stone of
national happiness and prosperity"
Evening star., 1936-06-30
STEEL ADDITION READY.

NEW YORK, June 80 C9.-Cruci-
BILE Steel Co. has completed the addi-
tion to its Midland, Pa, plant for the
production of tin plate. The company
is said to have perfected an electro
deposition process for plating elec-
trically rather than by dipping steel
sheets in molten tin as now done.
Evening star., 1936-06-30
kroger Earnings
Reveal Decrease
Below 1885 Mark

NEW YORK, June 30.-Kroger
Grocery & Baking Co., operating a
chain Of grocery and meat stores in
the Middle West and South. reported
consolidated net income Of $s84,840
for the "A weeks ended June 13, equal
after preferred dividends to 81 cents
o common share.
In the like 1885 period the COM
pany's net income amounted to ST.
353,9 ,948, including a homecoming
profit of $402, ,764, or $1.30 a common
share. Sales totaled Sl07, ,976,
against slO8, ,302, ,5st in the 1885 period.
Evening star., 1936-06-30
Data ON Business
Failures Compiled
Over Long Period
By the Associated Press

6t tue ASSOCldteQ ereSS.
NEW YORK, June 30.-"Mortality"
statistics on American business from
1857 to 1885 have been conveniently
welded together in table prepared
by Dun g. Bradstreet and included In
a recently published book entitled Be
hind the Scenes of Business"
The number of business failures
in 1885 were only little more than
one-third of the fold-ups in 1882,
numbering 1879, compared with 31,-
1922 at the height of the depression.
Liabilities involved in the 1892 fail
ures totaled $92S,3l2,517, as against
$3.50, ,120,886 in the latest year. The
number recorded in the first year the
records were ssembled-1857-was
1882, with liabilities of 1921, ESQ, 900.
Evening star., 1936-06-30
U. S. OFFICE EQUIPMENT
MEETS COMPETITION
By the Associated Press.

By the Associated Press.
American manufacturers of Office
equipment are meeting increasing
competition in South America from
German products, the Commerce De-
partment has been informed. The
United States share of Office equip
ment imports into Colombia, it was
noted, dropped to 76 per cent last year
from So in 1884, while the German
percentage increased.
Evening star., 1936-06-30
SHIPBUILDING CONCERN
NAMES NEW MANAGER
By the Associated Press.

By the Associated Press
NEWPORT NEWS, Va, June 30.-
J. B. woodward, jr., was promoted
from assistant general manager to
general manager of the Newport News
Shipbuilding g. Drydock Co. at the an
nual business meeting of the directors
here yesterday. Williams Gatewood,
who for a number of years has been
works manager, was named a vice
president of the company.
These were the only changes made
hy the board.
Evening star., 1936-06-30
Furniture Firms
See Best Volume
Since 1929 Ahead
Bv the Associated Press.

BY the Associated Press.
GRAND RAPIDS, Mich, June 30
Furniture manufacturers who will
celebrate the centennial of the estab-
lishment Of the industry here in July
opened their Summer market and ex-
position with the prediction that sales
would exceed those of any year since
1929.
Exhibitors said improved economic
conditions appeared tn be reflected IN
the demand for more luxurious fur.
niture.
The market closes July 1S.
Evening star., 1936-06-30
SUGAR EXPORTS DOWN.

NEW YORK, June 30 LP.-Refined
sugar exports by the United States
during the first five months of this
year totaled 1926 long tons, COM
pared with 34,783 tons in the similar
period vast year, according to Lam
born & Co. The decrease was about
As per cent and the total the smallest
for any comparable period since 1888.
Evening star., 1936-06-30
p BOND AVERAGES.

Utility bonds maintained
their high leuel during the
first half of this year. Carrier
obligations dipped in the sec
ond quarter, tolotDing the
sharp upS1Uing OF about II
per cent from the October,
1885, lou point.
bought and are being bought. There
may be disaster ahead, but free mar
ket, broad enough to record the senti-
ment of the whole investing world,
does not foresee it.
Under this head, also, those so in
clined may enter a demurrer. They
will instance the public utilities. No
form of enterprise has been subject to
such concentrated attack as the light
and power industry under this admin
istration. There is Government COM
petition actual and prospective, plain
and fancy. and continuous investiga-
tions and attempts to reduce rates.
Combined with rising costs of labor
and material, to say nothing of mount
ing taxes, there does seem to be reason
for concern. 1t is the teaching of
history. however. that campaigns of
this kind eventually exhaust them
selves. If economically unsound, rea-
son sooner or later resumes its sway;
If economically sound. no permanent
damage is done anyway. Still, as a
matter Of opinion. this writer believes
the future is not as dark as it is
painted.
Wall Street Over Built.
It must be admitted. that on the
present scale of business Wall Street
Is over-built. If trading is to continue
at its present pace, something will
have to be done about the excess facili-
ties. There are too many brokerage
houses for the work they have to do.
They simply can't all live.
There is a possibility that the Fed
eral Reserve Board will modify the
margin requirements which have cut
down trading so severely. 1t is absurd
that the loan value of stocks should
be reduced to as per cent of the mar
ket when one can borrow so per cent
OF the estimated value of real estate
from a savings bank and 80 per cent
from the Government. The stock can
always be iquidated, which Is not
true of the real estate.
OF course, the intent is to stop
speculation. Perhaps it will succeed;
perhaps not. Perhaps it is just an
other noble experiment 1t may be
heartless to add that, dismal as is the
outlook to the brokers, there is no
logical connection between their dis
tress and business recovery or the
value, as distinguished from the mar
ket price of securities.
Copyright 1896. by the North American
Newspaper Alliance Inc)
Evening star., 1936-06-30
LISTING rs APPROVED.

NEW YORK, June 80 UP).-The
Governing Committee of the New
York Stock Exchange has approved
a recommendation of the Listing
Committee to list. 757,105 shares of
no par capital stock Of General Thea
ters Equipment Corp.
Evening star., 1936-06-30
MORE PLANES PURCHASED.

NEW YORK, June 80 CR.-United
Airlines has announced it Is buying
five additional 2l-passenger Douglas
airplanes costing $103,0o0 each. The
new planes will bring the company's
deet Of this type to IS.
Evening star., 1936-06-30
F. D. CORLEY TO HEAD
MARSHALL FIELD & co.
eY the Associated Press.

Ey the Associated Press.
CHICAGO, June 30.-Frederick D.
Corley, vice president of Marshall Field
g. Co., was elevated to the presidency
today to succeed John McKinlay, who
resigned, effective July /.
Corley has been associated with the
company, retail merchants, since 1900.
Evening star., 1936-06-30
RAIL LoADINGs CLIMB.

NEW YORK, June 80 @.-Trans-
Missouri Kansas Shippers Board has
estimated loadings of 20 commodity
groups in its territory In the third
quarter at 371,202 cars, against 334, ,783
in the like 1885 quarter.
Evening star., 1936-06-30
GROCERY SALES DOWN,

NEW YORK, June 80 R.-Sales of
National Tea Co., operating grocery
stores in Chicago and Midwest, for
the four weeks ended June 20 amount
cd to $4.e2e,1oo, compared with $5,-
o37,572 tu thu Tie 1888 week.
Evening star., 1936-06-30

Electric Power & Light Corp.-Net
income, II months ended May 81, was
S4,568,636, equal to $5.94 a preferred
share against deficit of $113,190.
Evening star., 1936-06-30

Western Maryland Railway-Pre-
ferred share earnings, five months
ended May 81, were s2.82 against
a IN
Evening star., 1936-06-30
TRADE R|SEPACED
BYSTOCK MARKET
Thirteen Months Upturn
Comedies With Trade
Improvement.

Continued from Fifteenth Page)
Evening star., 1936-06-30

During the six months wheat values
in Chicago. as measured by the pres
ent future delivery tracts-July,
September and December - have
ranged from 82B cents a bushel to
98A cents. The corresponding range
in corn has been 52as-67a; oats,
IAN -32%; rye, 491a -68h; lard, CAS-
1910, and clear bellies 12.00-14.75.
The Washington times., 1936-08-06
UNFURNISHED TWO
BEDROOM APT, DOWNTOWN:

Living in the heart Of town has
its compensation in many ways.
If you want to shop a bit or take
in a movie they are all just a block
or SO away from this unfurniShed
apartment consisting of three
The Washington times., 1936-08-06

On Lamont St. near 18th. rooms. 3
baths. brick; 23 fl. wide. First floor :
Living room, dining room, kitchen and
pantry large rear porch. Second floor:
Two large bedrooms. bath library and
screened porch Third floor Two bed
rooms and bath. Maids room and bath
in basement TwO-car garage. Close to
schools, transportation stores, etc, A real
bargain at $1O.5OO. Terms
Robert i. McKeever Co., Inc.
Shoreham Bldg. MA. 1850
The Washington times., 1936-08-06

, rooms, reception hall. kitchen and
bath, that rents for $65. It is in
a strictly modern building that
has all the conyeniences. includ-
ing all-night elevator and switch
board service and resident man
ager.
TWO ROOMS, KITCHEN
AND BATH FURN. APT:
Now, if you are a small, quiet
family who has searched in vain
for a dignified little apartment to
live in, I suggest this one. It is
in a small building with janitor
service, and is particularly we'll
kept in every way, catering en-
tirely to employed people. At this
writing there is two-room,
kitchen and bath apartment COM
pletely furnished, with adequate
sleeping accommodations for four
groWn-upS. The unit is Spic and
span in every way and the rental
is $65.
LARGE UNFURNISHED APT:
The charm and simplicity Of
this large apartment is undeniable
and this fact explains why this
particular unit is so much in de-
mand. Seven rooms. two full
baths. maids room and garage
all the comforts and conveniences
of house without any of the
worry and upkeep. The apartment
contains many interesting and
worthwhile features, such as loft.
electric refrigerator. electric dish
washer, enclosed radiators and
many others. In the library,
which is a very delightful room,
you will find built-in bookcases
that cover the sidewalks and clever
lighting arrangements. If you
are searching for a refined, digni-
fled place to live, where your
neighbors will be Of the highest
type, I am sure you will find this
the answer to your problem. Rem
tai is $135.
The Washington times., 1936-08-06

70 RHODE ISLAND AVE.N.W.
Newly finished apts. of 2 and rooms
and kitchen. dinette and bath. Open;
mai o43I 11O5 E ST. N. ".
The Washington times., 1936-08-06

p. B. K. TRAINING on busy board. with
SIS Personnel Service. 1911 G. MA. 2l14.
The Washington times., 1936-08-06

YOUR MONTHLY RENT PAYS for your
home 1912 Lincoln Pl S. E. $35; 5195
Conduit Rd. S55 Behrend, 1917 NV.
The Washington times., 1936-08-06
DOWNTOWN

DOWNTOWN
Near Scott Circle on Rhode Island Ave.
Fine home in fine condition. II ROOMS,
II bedrooms & 8 BATHS; oil heat,
electric refrigeration, Gear garage. Excel
lent rooming house. ONLY $4,000. BOSS
& PHELPS, NATIONAL $500.
6129 WESTERN AVE-Dutch Colonial
brick 3 bedrooms. beautiful bath ins9-
lation. automatic heat. oak floors, garage,
fireplace, large lot; open daily. VIM. H.
Saunders Co.. Inc. 1919 st. N. w.
The Washington times., 1936-08-06

BETHEsDA-45o9 MAPLE AVENUE
OPEN FOR INSPECTION
DAILY, 10 A. NJ. to 9 P. M.
6,950.00
A truly charming new two-story brick
home, with large living room, dining
room and kitchen on first floor and two
master bedrooms on second floor. Every
modern convenience, including gas heat
and Lear attached garage. We invite you
to compare this with any house in this
price range. Drive out Wisconsin Avenue
five blocks beyond Bethesda Bank to
Maple Avenue Turn right two blocks TO
house. THOMAS J. FISHER L CO., INC,
Agents. Dist. $3.50. 73S 18th st N. W.
The Washington times., 1936-08-06
CHEVERLY MD.

II minutes from downtown D. G. De-
center hall entrance, bedrooms 2 baths,
hot-water heat and built-in garage. Situ-
ated on beautiful corner lot 100x160
Priced at only $3.50. Terms.
R. NJ. HUNT CO., INC.
$50 Southern Bldg District 1913
The Washington times., 1936-08-06

174O EUCLID STREET N. w. CAD. 6713)
kitchen bath (Elec free) . 90. $4SOO
236 MASSACHUSETTS AVE. N. E. CAT. 5l82)
l kitchen. SiSOO
$50 EMERSON STREET N W. (GE 6996)
kitchen bath (Elec free) S4SOO
1902 SUMMIT PLACE N. w. CO. AID
$3.50
1914 18th STREET NJ w. (DE 321s)
1880 RHODE ISLAND AVE. NJ E. (NO. 7l57)
$500
ASIA 14th STREET N. w. CAD. 9740)
l
4SO0 GEORGIA AVENUE N. W. (GE. 6996)
room and porch.
1918 KENYON STREET N. w. eco. s425)
1920 CONNECTICUT AVE. N. w. (CL. o7e4)
kitchen dnete bath PIX $3.50
1910 BILTMORE STREET NJ w. CAD. 9493)
kit, BATH porch $500
REAL ESTATE MORTGAGE & GUARANTY CORPORATION
1910 K Street N w. National 1903
The Washington times., 1936-08-06
MT. PLEASANT

$5 75O-BRIGHTwoOD rms. bath.
TO'' garage, h.-w.h.: will renovate.
LEO NJ. BERNSTEIN CO.-MEt 5400
The Washington times., 1936-08-06
COLORED

New brick homes will be built in beauti-
ful Eastland Gardens. after your own
plans, on easy monthly payments.
Select your lot make a reasonable pay
ment and start owning a modern home
see homes already built, Drive to Kenil.
worth Ave, and 42d St n. e. or II g..
car line. Phone National 1895.
The Washington times., 1936-08-06

CORNER semi-detached brick Seventh ST,
Fort Stevens section, 6 rooms, bath, recre-
alton room, det. garage. nice yard new
house condition. Oxford cabinets, G. p.
refrigeration, breakfast nook. $6,950, with
easy terms. Call Mr.. Dowd. L. E. Breun.
niger & Sons Ma. 2040.
The Washington times., 1936-08-06
Suburban Apartment
Flats
Houses for Rent-Unfurnished 80

3RD ST s. E, 3O7-3 rooms; also 1924
You st. N. W. LIST & I'd floor. NO. O6Ol.
The Washington times., 1936-08-06

NEW UNFURNISHED APT:
Over on Rhode Island Avenue,
in the Northwest section, almost
at the dividing line between North
west and Northeast, is a new build
ing that is now ready for occu-
pancy. The units are two and
three rooms, kitchen, dinette and
bath, and rent for SIS, $50 and
$65. They are quite nice in every
respect: have all the modern
equipment and are exceedingly
well-arranged. In the kitchen
there are innumerable cabinets,
and up-tothe-minute refrigerator,
one-piece sink and all those inter
eSting accessories so important in
the kitchen of today. TranSpor-
tation is right at your door and
you can get down town in a few
minutes. Better put in your reSer-
vation before it is too late.
FURNISHED APARTMENT:
With vacations more than half
way over it is high time you are
looking around for your perna-
nent quarters. In a building just
off of 14th Street there is a very
attractive furnished apartment of
two rooms, kitchen and bath. The
rooms in this unit are excep-
tionally large with plenty of light
and windows. Special care and
good taste has been taken in the
furnishings and the result is a
most charming place to live. This
building boasts of switchboard and
elevator service, attractive lobby
and well.trained help. Rental is
SIS.
The Washington times., 1936-08-06
RENTAL HUNTING
With Barbara Holmes
NEW UNFURNIsHED APT:

you any places described beIow
Barbara Holmes 1872 St. NJ w. District $780,
The Washington times., 1936-08-06

9Th ST N. W.. 622-12 rooms, bath, $50:
double gar, S100 Behrend 1917 r N W.
The Waterbury Democrat., 1936-03-26

HREl FIREl FIREl It's too late after the fire to have your home F furniture insured. It's time to bo 1t now and the cost will be Ealy a few cents day to give you adequate protection. Phone Hayden's InSurance. 60 South Main Street. Telephone 3-03O0.
The Waterbury Democrat., 1936-03-26

HANS = Specifications. etc. Louis
 4. walsh. 67 Leavenworth St.
The Waterbury Democrat., 1936-03-26
Business Service

Professional Service
Evening star., 1936-01-19
Georgetown Law
School Annual Prom

The annual prom" OF the George
town Law School will be held Fri
day evening, January 81, at the Ward
man Park Hotel, the proceeds Of which
will go to the benefit of the George
town University Hospital.
All the classes at the law school
are combining for the dance, which is
under the joint Craftsmanship of Mr.
Richard K. Lyon of the morning sec
ton and Mr.. Leo M. Cooney of the
evening section.
Members of the faculty and their
wives and number of prominent
Washington officials will be among the
guests of the students. Assisting in
arrangements for the dance are the
seven class presidents, constituting an
Executive Committee. The class pres
idents of the morning section are
Mr.. Thomas M. Waddoups, third year;
Mr.. jeremiah j. O'Connor, second
year, and Mr.. Charles A. Gildea. For
the evening section they are Mr.
Raphael H. OMalley, fourth year;
Mr.. William A. Weber, third year; Mr.
Charles P. Clark, second year. and
Mr.. jeremiah F.. Mahoney, first year.
Several years ago the individual
classes at the law school ceased giving
class dances. As a result of all classes
combining in an annual affair, the
Georgetown dances have become very
popular with local alumni of the
school.
Evening star., 1936-01-19
Lakme" Attracting
Prominent Audience

Wide interest is being shown in the
production of "Lakme" by the Ma
tional Opera Association Tuesday
evening at Constitution Hall. Mr. and
Mrs. Robert Loree, jr,, of New York
are bringing down group Of friends
for the performance Mr.. and Mrs.
Alfred Wyllie, also of New York, are
entertaining friends in their box. and
Mrs. George B. Hinman of Atlanta,
Ga, is coming to Washington especial
ly to hear the opera.
Mr.. Justice and Mrs Louis D. Bran
deis. Mr. Justice and Mrs. Owen j.
Roberts, the Ambassador OF Germany,
Herr Hans Luther. and the Ambas-
sador OF Brazil and Senhora Aranha
are among the boxholders honoring
the young Brazilian soprano. Bidu
Sayao, who sings the title role in this
lovely opera.
Other boxholders include Mr.. and
Mrs. Wilbur j. Carr, Mrs Gibson
Fahnestock, Mr.. and Mrs. Jouett
Shouse, Mr. and Mrs. W. c. Kendall,
Mr.. and Mrs. Allen Mcdaniel and Mr..
and Mrs. Cabot Stevens.
Evening star., 1936-01-19
Filipino Center
Dance Saturday

Mr.. Macario S. Balco, president OF
the Filipino Center, Inc. will be hon
ored by local Filipinos and their
American friends of the exclusive
Philippine America Society, with an
inaugural dance at 9 o'clock Sat-
urday evening in the spacious hall
OF the Hay-Adams House. at Six
teenth and H street: northwest.
Others to be honored are Mr.. Bob
Malasarte vice president; Mr.. S.
Madelo, recording secretary; Mrs
Mary Balgos. corresponding secretary;
Mrs. Margaret NJ Shoup. treasurer;
Mr.. Juan Albano. house manager;
Miss Isabelo Navalua. sergeant at
arms; Mr.. Nicanor Donesa, critic
auditor, and Mr.. Florentino Calabia,
Mr.. Luis Balgos. Mrs. Kola Fornas.
Mr.. Sylvestre Rivera. Mr.. Victor Sison
and Mr.. G. Fonacier. members OF the
Eoard of Trustees.
The dance Is sponsored by the
Filipino Center. Inc. largest and most
popular organization of FilipinoS in
the Nations Capital. The Com
mittee on Arrangements is composed
of Mr.. Francisco Soils, chairman Of
the social programs. and Mr.. Balta-
zar @. Anunciacion and Mr.. N. DON
osa.
Guests who have already accepted
invitations include Mr.. and Mrs. M.
Balco, Mr.. and Mrs. o. H. Wilbur.
Mr.. and Mrs. Thomas j. Dinneen.
Mr.. and Mrs. M. Shoup, Mr.. and
Mrs. B. @. Anunciacion, Mr.. and Mrs.
F. Plomantes, Mr.. end Mrs. D. M.
Yap, Mr.. and Mrs. Luis Balgos. Mr..
and Mrs Florentino Calabia. Mr..
and Mrs. C. Del Rosario, Mr.. and Mrs.
Gregorio Castillo, Mr. and Mrs. M.
Ignacio. Mr.. and Ms Ramon Mo-
lima, Mr.. and Mrs. Ricardo ISABELLA,
Mr.. and Mrs. j. Jenner, Mr.. and
Mrs Teodoro de Jesus. Mr.. and Mrs.
Cipriano Gerbolinga, Mr.. and Mrs.
Martin Masangkay, Mr.. and Mrs.
Candido Mediran, Mr.. and Mrs. John