davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-08-09
STOCKS FORGE Up
TO BEST AVERAGE
SINCE JUNE, 1881
Conviction That Business
Will Climb Further Is
Big Factor.
BY THOMAS E. FLANAGAN,
Associated Press Financial Writer,

NEW YORK, August 8.-Signs OF
hesitancy in some lines of industry
failed to check the Streets appetite
for common stocks last week and the
market pushed up to the highest aver
age level since June, 1881.
Analysts said the driving forces be-
hind the share market were the same
as in recent weeks-the general con-
viction that further business gains lie
ahead, the huge pile of cash lying idle
in banks and the comparative absence
of demand for funds in other chan
nels.
AS the week came to close a new
factor loomed on the foreign horizon.
This was the sharp tone of the official
German protest against reported exc
cutions of German nationals in Spain.
Wall Streeters feared this might
bring hitch ~ Frances plea for nom
interference in Spain and result in
spreading of serious unsettlement on
the continent.
Put on Burst Of Speed.
The equities put on good burst OF
speed in spite Of these developments
and indicated the market was in good
condition, brokers said.
Explaining its residence, they point
ed to firmer scrap steel prices, ex-
panding building contracts, contra
seasonal rise in freight carloadings
and sharp gains in retail sales In
July.
Early in the week the stock mar
ket had a faltering spell as traders
sold motors and aircrafts.
Liquidation in the former group
was said to have reflected disappoint-
ment in some circles over the failure
of General Motors to declare a more
liberal extra dividend than IS cents.
Offerings of aviation issues was
believed to have been touched of by
the decline in earnings of Douglas
Aircraft in the first six months.
Rails Assume Lead.
AS trading approached the finish
however, doubts were dispelled by the
vigorous manner in which the rails
stepped to the fore Estimates OF
sharp Fall loadings upturnS stimu-
lated demand, experts said.
Bonds shuff1ed among a narrow
path at the start of the week. Later
industrial loans and United States
Government obligations broke into
a forward gait which carried them
to within striking distance Of the
years high. Italian issues bumped
into nervous selling. which was
ascribed to the darkening OF clouds
over the Spanish civil war.
The grain market was touch-and-
90 affair, with drought news at home
and weather in foreign producing
countries playing important parts
Wheat and corn were under pressure.
In cotton the sellers likewise had the
advantage.
French Franc Down.
The high spot of the foreign ex-
change market was the relapse of the
French franc below the point at which
it became profitable to ship gold from
Paris to New York.
The money market was unruffed,
with excess reserves unchanged at
S3,050, 100000 for the week ended
Wednesday.
Evening star., 1936-08-09
WAR FEARS CURB
LONDON TRADING
Period of Restricted Volume
but Steady Prices Is
Believed Ahead.
BY LEONARD ]. REID.
BY Cable TO The Star.

LONDON, August 8.-The long
stock market account covering the
August bank holiday is normally re-
garded as a period of slackness and
recession. This year, the period was
abnormally active until the last few
days, when the holiday influences
were effectively reinforced by recog-
milton of the European dangers aris-
ing from the Spanish revolution.
In view of all circumstances. it Is
remarkable how well sentiment and
prices have withstood all adverse pres
sure, thus revealing the absence Of
weak speculation.
The outlook for the next account Is
one of restricted business, but Of a
steady tone as result of the good
showing of home earnings, employ
ment, production, etc. unless a ma
jor international shock should inter-
vene.
Note Volume Heavy.
The record high note circulation of
the past week is considered normal,
also ephemeral. unless a fresh out
break of foreign boarding should pre-
vent the expected inflow of notes to
the banks.
II the inflow occurs it is not ex-
pected that the Bank of England will
continue its gold purchases and it may
even sell gold. The official policy ap-
parently is to keep the credit basis
purely in proportion to the domestic
needs, disregarding extraneouS influ-
ences emanating from continental
ScareS.
World Dangers Watched.
All home industrial indices, includ-
ing rail traf1cs, employment, retail
sales, earnings and dividends, remain
encouraging, but the tendency in the
financial district is to pay increasing
attention to the international dangers
and long-term British necessities, OF
which the principal is a revival of ex-
port trade.
The next week probably will be quiet
in all sections except for the likelihood
OF violent fluctuations in wheat. In
terest will be centered in the notes and
gold figures of the Bank of England
and also the expected report of the
government committee on the future
OF the fixed trust movement.
Copyright. 1885. by the Ncrlh American
Newspaper Alliance, Inc.)
Evening star., 1936-08-09
MOTOR SHIPMENTS
CLIMB IN MONTH
Reach Largest Total for July on
Record With Exception
of 1928 Month.
Hy the Associated Press,


NEW YORK, August S-More mo-
tor vehicles were shipped from the
factories of Automobile Manufacturers
Association members last month than
in any previous July, with the single
exception Of July, 1928, the association
announced.
Factory sales Of association mem
bers were estimated at 339,755 cars
and trucks, an increase of 80 per cent
over the same month last year, and
a decrease of 7 per cent under June.
On the basis of this estimate, fac
tory sales for association members
during the first seven months of this
year amounted to 2,301 ,480 units, an
increase of 509,830 units, or % per
cent over the same period last year.
Only twice-in 1928 and 1929-has
this figure for the seven months,
period been exceeded.
The associations report covers the
operations of all but one of the major
motor car producers in the United
States.
Evening star., 1936-08-09


Earle McGeary, w. B. Hibbs & Co.
Mr.. Fitzpatrick, the chairman, is
assistant cashier Of the Second Ma
tional Bank and has been connected
with the chapter for a number of
years. He served as treasurer last
year and has headed many important
committees.
Local Securities Hold Firm.
August finds many of the bonds
listed on the Washington Stock Ex-
change at their highest prices for the
year and others near that point An
acostia & Potomac River Railroad first
guaranteed IS are now selling at 10S1a,
the years best price. Capital Traction
SIS, at 921a, are point under the top,
but at the same time have been the
most active bonds on the whole list so
far in 1886.
Washington Gas Light IS, 1858, last
sold at 107, the peak for the year,
while Washington Gas IS. 1860,
reached 1211s the other day. new
1896 top. Washington Railway &
Electric As are now selling at 106.
While this is off a point from the high
est quotation for the year, yet these
bonds have been very active, second
only to Capital Traction IS.
In the stock division. Capital Tran
Sit at II, is at the years top. Po-
tomac Electric Power per cent pre-
ferred has not sold above the present
112 figure. Among the bank stocks,
National Capital, at 140, is 20 points
above the low mark for 1886. Wash
ington Loan g. Trust, quoted at 225, is
at its top price. Riggs National pre-
ferred, at 106, is within a fraction of
the years top.
Among the miscellaneous issues,
Larston Monotype, at 85A, is at its
peak. Mergenthaler Linotype. at At,
is of only point. Peoples Drug COM
mon is at the high for the year at 40,
and the preferred, at l141a, is in the
same position. The same is true of
Terminal Refrigerating g. Warehous-
ing stock at 54 and Woodward & Lo-
throp common at So.
Evening star., 1936-08-09
GENERAL MOTORS SALES
SOAR TO ALL-TIME PEAK
Greatest July and Seven Months Vol.
umes ON Record Revealed by
Auto Manufacturer.

Sales to consumers in this country
in July were 1853, ,459 cars and trucks,
against l08,645 in the same month last
year and 1876 for June. 1886.
Dealers in the United States bought
from the corporation 177,436 units
last month, while year previous the
total was 139, ,021 and in the preceding
month l86.146
Sales of General Motors cars to con-
sumers in the United States in the first
seven months totaled 1.127,910, COM
pared with 757 7,480 in the first seven
months of 1885.
Sales to dealers in the same period
aggregated 1,155,71O, against 849,245
in the first seven months of 1885.
Evening star., 1936-08-09
ANALYSIS COMPILED.

NEW YORK, August 8 (SpeciaD -
Distributors Group, Inc, New York,
has prepared analysis covering the
first six months 1886 operations of the
following investment companies:
Adams Express Co., American Euro
pean Securities Co., American General
Corp. American International Corp,
Capital Administration Co., Ltd:
Equity Corp, General American In
vestors Co., General Public Service
Corp, Prudential Investors, Inc; Sec
ond National Investors Corp. Tri.
Continental Corp, U. s. & Foreign
Securities Corp.
Evening star., 1936-08-09
Srecial Dispatch to The Star.

opeclal DlSpatcn 10 Inc star.
NEW YORK, August 8.-The pro-
duction of electricity this year at an
all-time record level is resulting in the
expansion of electrical equipped prod
ucts by public utility companies, ac-
cording to a new report on the elec-
trical industrial equipment industry
appearing in Poor's Industry and In
vestment Survey.
The net income of electric machin-
cry manufactures has shown marked
Improvement during the first half of
1886 over the same 1885 period. Pros
poets point strongly to earnings gains
throughout the whole of 1896.
Although orders from public utili-
ties are being held in allegiance as
much as possible until the legal status
Of utilities under present legislation is
definitely decided, the maintenance o.
electric power production at . high
Evening star., 1936-08-09
Ry the Associated Press.


NEW YORK, August 8.-European
currencies displayed slightly steadier
tone in terms of the dollar today, al
though the upturn failed to check the
flow of gold from Paris.
International banking quarters re-
ported the engagement in Paris OF S5,-
500 900, bringing to around $7,ooo,OOO
the total for the current move >nt,
which began Friday when the \Anc
Welded below its export point for the
first time since June 19.
The usual Saturday closing OF ex-
change markets in Paris was believed
partially responsible for the better
showing of the franc, which closed
90 1-16 of a cent higher. A certain
amount of short covering for the week
end lay-off also was believed to have
taken place.
The Holland guilder advanced .o4
of q cent, Swiss francs improved
.ooh Of Q cent and the British pound
Evening star., 1936-08-09
Farmer, Who Has Nothing to
Sell, Will Be Forced to Buy
at High Prices.
CRITICISM OF FEDERAL
POLICIES INTENSIFIED
Merchandisers and Manufacture
ers Stock Up in Preparation for
Higher Quotations.
BY CHARLES F. SPEARE.
ecial Dispatch to The Star

NEW YORK, August 8.-The pro-
ducer, the consumer and the politician
have a deep concern over the drought
in the Midwest, whose effects this
week were again deeply disturbing in
spite OF moderate rains.
The grower of wheat in the Dako-
tas and of corn in Iowa or Kansas
may have lost his entire crop and so
become a relief client" of the Gov
ernment.
There is no question as to his mis-
fortune. AS a consumer, he will have
to pay increasing prices for what nor
mally he would produce.
On the other hand, the farmers with
fair yields of wheat or corn, those in
the southwest for instance. are BEN
Gifted by the advance in their prod
ucts caused by scarcity elsewhere
from drought.
Farm Prices Up Sharply.
It has been estimated that farm in
come in the first half OF this year
was $685. 100000 above that of the
odIlC PCl1Od 1901 4AAo "oS Z
the great rise in prices had started.
Early this week. these showed an aver
age increase of over 40 per cent in
wheat, corn and oats.
The benefits of this appreciation in
farm values are spread too thin to be
the blessing claimed for them. The
consumer is beginning TO realize, in
the highest food prices in over year
and the prospect of soaring costs Of
nearly all staples for months to come.
what the smallest crops Of spring
wheat and corn do to his pocket
book.
Now. the politician in a presidential
year looks at such a situation with an
eye to votes. How can he capitalize it
to greatest advantage fer his party?
The administration can give immedi-
ate relief through the w. P. A.
CurtaiIment Deplored.
The opposition can and does set up
the contention that. If Washington
had been more businesslike in its agri-
cultural policies, even so great a
drought as that now experienced could
have been met with moderate losses.
1t is this writer's belief that, so far
as the producer is concerned, one po-
htical argument will wash out an
other but that the consumer, who rep
resents the long time critical element
of the administration, will be made
more than ever antagonistic to it by
the high food costs. The net effect
of the drought, politically. would seem
to be unfavorable to President Roose-
welt.
On the side OF business the drought
has so far had little influence in
checking the strong flow Of trade. In
fact, there are indications that the
merchandisers and manufacturers are
stocking up in anticipation of higher
prices in the Autumn. This adds to
the momentum. Clearly there is in
almost every direction the sign of
expansion and of its results in the
(see CONSUMER, Page 81
Evening star., 1936-08-09
GOLD CURRENCIES EASE
IN LONDON DEALINGS

RS the Associated Press.
LONDON, Aug. 8.-Gold currencies
weakened in the active foreign ex-
change market today.
The United States dollar lost "a and
closed at 50234 to the pound as COM
pared with the overnight New York
rate of 5.021a. The French franc
finished at 1884 francs to the pound
against 1925 yesterday.
Evening star., 1936-08-09
GAINS MAINTAINED
IN TRANSIT REVENUES
Ey lne Associated Press

Fly the Associated Press.
NEW YORK, August s-The Transit
Journal reported revenues for the
transit industry in the week ended
August l showed sustained improve
ment over last year.
The publications revenue indicator
stood at 109.11, compared with the
corresponding week in 1888.
For the week ended July 25, last, the
indicator stood at 109.80.
Evening star., 1936-08-09
Amoskeag Auction
To Be Held About
Middle of October

e. tha Associated Press.
BOSTON, August s-Property Of
the Amoskeag Manufacturing Co. at
Manchester, N. H. once the largest
textile manufacturing plant in the
world, will be auctioned about the
middle Of October"
Officials of Samuel T. Freeman &
Co., named to conduct the sale of
property of the company ordered liqui-
dated, announced late last night all
real estate, tenement properties, ma
chinery. equipment and supplies will
60 under the hammer then.
Evening star., 1936-08-09
SUGAR MELT CLIMBS
SLIGHTLY ABOVE 1885

By TIE Associated Press.
NEW YORK. August 8-The sugar
melt of 13 United States refiners from
January l to August totaled 2,590,O00
long tons, compared with 2,560,0 900 in
the like 1885 period. The Sugar Insti-
tute reported. Deliveries for the same
period amounted to 2,260,0 long tons,
against 2.325,00O a year ago.
Evening star., 1936-08-09
MKT. CHIEF REPORTS
BIG GAINS OVER 1885

Pr the Associated Press.
NEW YORK, August 8.-Matthew S.
Sloan, president of the Missouri
Kansas-Texas Lines, reported carload
ings, gross revenue and net railway
operating income for July considerably
greater than for the same month of
last year and the greatest for any July
since 1881.
He said the showing reflected the
exceptionally good crop conditions pre-
yailing in the Southwest and con-
tinuation of the improvement in gen.
eral conditions.
Evening star., 1936-08-09
Bv the Associated Press.

NEW YORK, August 8. General
Motors Corp. today reported the great
est July and seventh months sales of
cars and trucks in its history. The
aggregate disposed of to United States
and Canadian dealers and shipped
abroad last month was 204,693 cars,
compared with 167,79o in July, last
year, and 2l7,93l in the previous
month.
For the first seven months of this year
dealer sales, United States and Cana
dian and overseas shipments totaled
1,374,86l units, against 1,056,350 in
the same period of 1885.
Evening star., 1936-08-09
TOBACCO INDEX DOWN.

NEW YORK, August (P).-The
average price of U. s. type II, grade
B-4-F flue-cured tobacco in the week
ended August was 1863 cents a
pound, compared with 24.6 cents in
the same week last year, according to
II. A. Stitch, tobacco economist.
Evening star., 1936-08-09
WHEAT STOCKS HIGHER.

COLLEGE PARK, Md, August 8
R).-The Maryland Crop Reporting
Service reported $4,000 bushels of
wheat in Maryland mills and elevators
on July l. On the same date last year
there were only 10000 bushels in
storage.
Evening star., 1936-08-09

@OAAO"AAS HELL
bers to serve on
this committee for
the coming year:
L. Harry Rider,
National Metro
politan B a n k
Robert M. Poole,
Riggs National
Bank; Walter L.
Sanderson, Ham
lit on National
Bank; Harry F.
Harding, Union
Trust Co.; Francis
E.. Robey, Bank
of Commerce and
Evening star., 1936-08-09

Gently vacated BY
the retirement of
Charles R. Grant
on account of i'll
health.
Mr.. Fisher has
b e e n connected
with the company
since 1914 and
became an assist
ant treasurer in
1925. He is a
graduate OF the
Washington Col
lege of Law, is a
member of the
bar in the Dis
trict of Columbia
Evening star., 1936-08-09
New Vice President, Treas
urer Fills Vacancy Left
by Grant Retirement.
STORE SALES ADVANCE
1913 PER CENT IN WEEK
Capital Volumes IS Per Cent
Ahead of Year Ago-Clearings
Show Large Increase.
BY EDWARD C. STONE.

Announcement was made yesterday
that the Board of Directors of the
Washington Loan & Trust Co. has
elected George NJ. Fisher vice presi-
dent and treasurer to fill the Office re-
Evening star., 1936-08-09

ana mas Deen aLtendlng the graduate
school of banking at Rutgers Uni
versity for the past two Summers.
The new vice president was the re-
cipient yesterday of congratulations.
both verbal and floral, from his asso-
clateS and banker friends.
Store Sales Here Advance.
Department store sales in Washing
ton during the last week again scored
substantial improvement, being 1913
per cent better than in the previous
week and 13 per cent above the same
week last year, the Department of
Commerce reported yesterday.
The value of building permits de-
cllned 3l.2 per cent from the previous
weeks high figure of S1,2O0O0O, but
was more than double the permits is
sued in the corresponding week in 1885.
The July totals were also reported the
value of building permits standing a,
S3,768,0l0, as compared with only 81
124,050 in July, 1885.
Tourist activities in the Capital
continued to hold up we'll as evidenced
the number of visitors to the WASH
ington Monument, 28,346 during the
past week, against 28,031 in the pre-
vious week and 21,021 in the same
week a year ago.
Bank clearings were up 23.4 per
cent from the previous week and in
creased 10 per cent over the same
week in 1895. Favorable reports also
came from the rest of the fifth Re-
serve district. Weather and clear
ance sales helped trade. Wholesale
markets improved, strengthening prices
In cotton goods being especially
notable.
Institute Committee Named.
Joseph r. Fitzpatrick, chairman of
the Administrative Committee. Wash
ington chapter, American Institute of
Banking, yesterday announced the
La gaceta., 1936-06-06
iHA PROGRESADO LA VENTA De BHLETN
PARA FL MATCH SCHMELM JOSE LUIS

ci6n, entire los p1giies tlancos
del peso complete, como ell Gni-
60 hcmbre que puede batir a
Luis. Yo no digo cue LouNlran
derro.ara a Luis 81 los dos en-
tran juntos en- un ring, sino
que Tommy es inteligente tie
ne, a la edad de "a afics; 81 me-
.jor "jab" izquierdo del arte de
los puhos'.
Aseglrase que Dempsey Sc
metera de nuevo a empresario y
p~resentara dos programmes en-
Forbes Field, Pittsburgh, en- ell
presene ano. FL primero 10 O.
frecera en- la lprimera semana
de julio y Ell segundo en- agosto
10 primeros dfas de s~eptiembre.
Y probablemente en- ell segundo
Sc propone que Tommy lu2ca su
|"jab' contra Jose Luis.
La gaceta., 1936-06-06
JACK DEMPSEY DECLARE
QUE TOMMY LOUGHRAN
Els Ell UNICO QUE PUE-
DE ENCER A LUIS

New York, JUNO 6.-Jack
Dempsey, Ell Manassas Mauler, a
caba de sorprender a los cfrcu-
los deportivos con la declara-
ci6n de que Tommy Loughran,
ell excampe6n del peso ligero, es
ell Gnico pGgil del peso compile
ito que puede derrotar al negro
Jose Luis.
"Un recto jab de izquierda,
usado consistente v efectiva-
mente por un habil pdgil, derro
taria a Jose Luis. Tommy
LCu2hran, Ell maestro de boxeo
de Filadelfia, es Ell dnico que
puede hacerlo".
Isl, Loughran es mi selec-
La gaceta., 1936-06-06
Ahora Sc dice que la condicion de Make
es admirable
Sc lie ha ofrecido al germano un contrato
de Vaudeville

New York, JUNO 6.-Rapida-
mente Sc acerca la fecha del
|"bcut" entre ell "dinamitero'' de
Detroit y Ell excampe6n Max
|Sdameling, conocido por ell "hu-
lano negro. Otra semana de
srabajo rudo les queda a los con
tendencies, que ell dfa Is medi-
ran la potencia de sus pufOs en-
|al Estadio de los Yankees. La
venta de billetes prdzresa nota-
blemente para contento de Mike
Jacobs y de la Sra. William R.
Hearts, directora del Fondo de
Leche para los nihos pobres.
Ell aleman ha practicable sin
descanso en- las 1ltimas sema-
mas y su preparation es exec
lente, a juicio de varios inteli-
gentes que lie visitaron aver. Pc
no va Sc sabe que los ejercicios
NADIA tienen que yer con la Pc
lea, Y que entire las dos cosas me
dia gran diferencia.
Luis sostiene verdaderos com
bates con sus ayudantes y en- al
gunos casos ha llevado la parte
desfavorable, por algunos Sc
gundos. Los amigos del negro sc
inquietan porque este cree que
~Schmaing es un oponente facil
pero los bien enterados sostie-
men que ell negro parece indife-
rente un dia y al siguiente ida
TODD 10 que tiene''.
Lo que no puede discutirse a
Luis es su habilidad para pegar
duro. Cuando Max reciba sus.
La gaceta., 1936-06-06
LIGA NlACIoNAL

Los Senadores lie pegaron Is
hits a pitd&er Phillips, vencien-
do a los Tigres y empatandOse
con estos en- Ell cuarSo lusar. O.
rho hits lie ztpegaron a Earl
Whitehill, pero 81 supo disemi-
narlos.
Detroit &c, 8h, De; Washing
ton &c, 18Th, De,
Vernon Gomez volvi6 a la H.
nea de fuego Y domino a los In
dos, dejandolos en- cinco hits.
Fue la sexta victoria, con una
sofa derrOta, en- 10 que va de
'emporada.
Cleveland &c, 5h, De; New
York DC, Oh, 2e.
Los Medals Rojas de Boston
derrotaron a las Blancas ante
10000 espectadores. La septi-
ma victoria consecutive del Boz
ton, en- otros tantos desaffos con
ell Chicago.
Chicago &c, Oh, De; Boston &c
11h, oe.
La gaceta., 1936-06-06

.gclpes los va q sentir.
Schmeling, en- sus ejercicios,
ha venido pegando corto y duro.
Bill Brown, de la comisi6n atle-
&ica del estado de New York, le
visito aver Y lie declare en- for
perfecta para ell combate.
Sc recordara que Brown cri-
tic6 duramente a Max Baer
cuando Sc entrenaba para su pc
lea con Primo Camera. Enton-
ces declare Bill que la prepare
.ci6n ell pGgil de California era
una broma pesada y que no reu
MIA condolences para garar ell IT,
.tulo. Max venci6 a Primo, pero
mas tarde Sc prob6 que Brown
la raz6n.
Sabese que al aleman Sc lie ha
ofrecido ,en case de victoria, un
sueldo semanal de $500, du-
rante diez semanas, por una
"tournee" de caudeville.
Mucho dinero ganara ell ex-
campe6n 81 logra derrotar al va
famoso gladiator negro.
La gaceta., 1936-06-06
WILLIAM GREEN CONDE-
Ma Z ACTTTUDL DE LOS
OBRER0S DEL E
Qwieren una sOIG OrgGnizccidn

Washington, .Inio 6.-Wi-
.lliam Green, presidente de la
Federation Americana, diriji6 a
yer la palabra al consejo ejecu-
two de la Federation condenan-
do Ell acuerdo de los Trabajado-
res del Hero, Acero y Hojala-
en- favor de una scla union de
tipo industrial. No obstante eI
hecho de que diez de las uniones
dirigidas por John L. Lewis per
tenecen a la Federation, Green
.dijo que su campafa de organi-
zaci6n tendran que hacerla, a.
parte y lejcs de la Federation,
los comites designados por Ell
presidente de dos. Mineros Uni
La gaceta., 1936-06-06

dos. "Por razones evidentes, di-
10, sera ahora impossible unir y
concentrar las fuerzas econ6mi-
ca, financiera Y organizadora
de la Federation EN- una inme-
data campana para organizar
a los trabajadores del acero.