davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-06-05
CONTROL OF BOND
GROUPS IS GOAL
U. S. Laws on Reorganiza-
tions in Real Estate, Other
Fields Sought.
BY FREDERICK GARDNER,
Associated Press Financial Writer

Legislation covering reorganizations
Of capital structures in real estate
and other fields looms as the next
goal in the New Deal program for
extending Federal financial controls.
With the commodity exchange reg
ulation bill through Congress, the
Securities and Exchange Commission
Is playing the spotlight on the ques-
ton Of governmental supervision Of
protective and reorganization groups.
Its specific recommendations are
expected to come too late for trans
lation into legislation backed by the
administrative forces in this session.
But the issue is regarded in financial
circles here as likely to move to the
forefront in the next session, espe-
cially If the New Deal gets another
lease on power in the November elec-
tions.
Two Measures Pending.
Two measures aimed at setting up
controls over reorganization groups
are pending in Congress. One, the
SABBATH bill, would empower the con-
troller of the currency to appoint
conservators for protection of prop
erty investors in real estate defaults,
The other would give the s. E. G.
specific powers for regulation of bond
holders committees.
However, neither appears to have
marshalled administration support
pending completion of the S. E. C.'s
study. Indications point to a carry
over of the question into the next
session, when the commission expects
to have completed its study and recon-
mendations.
Advocated by S. E. C.
Need for control of reorganization
groups was the central theme of the
chapter on real estate bonds the S. z. c..
submitted to Congress this week.
Sharply critical of houses of issus
and reorganization practices in the
mortgage field, the report harped on
the contention that investors of the
type who bought these real estate bonds
sometimes called the savings bank
type-Stand in constant need Of SONS
responsible, honest and effective agency
through whom they can be modified
and by whom they can be represented.
THE need for such an agency in ths
real estate field" the report says, "is
in many respects more acute than in
other fields where the more sophisticat-
ed and the institutional investor COM
monty appear"
Congress is destined to hear mora
about alleged evils in reorganization
of real estate mortgages and corporate
structures.
Evening star., 1936-06-05
FEDERAL LAND BANKS
NEW YORK, June 5 R.-Federal Land
CHICAGO LIVE STOCK.

CHICAGO. June UNITED States
Department. Of Agriculture. HOGS. 5000,
mSIs 10 st a ssa aTfssd sfs0ns s 70
age: top. 1925: bulk. 16O-250 pounds.
10.00a20: 25o-350 pounds. 9.65a10. 10;
steady, mostly s.50a9.25: heavies down
run feeders and directs: fairly active trade
on meager supply slaughter classes, fully
steady: two loads New Mexico yearlings.
load heifers. 7.S5: bulk. 7.50 down. low
grade and cutter cows stronger relatively
than fst kinds: bulls and vealsEs S.. little l
yealers largely $50 down; few selects.
Sheep 5000; Spring lambs and yearlinss
scarce, in narrow demand. steady to weak,
spots unevenly lever: aEed classes nrm:
11.7S, later price paid By small killer; choice
shoru yeariings 0.6ea76: load 102-pound
Oaliiorfia ewes. 400 70 packer.
Evening star., 1936-06-05
GL|DDEN CO. NETS
S867,756 PROFIT
Six Months Total Compares
With $1,217,152 Mark
Shown Year Ago.
ny the Associated Press.

NEW YORK, June 5.-Glidden Co.,
producer Of paints, foods and chem
icals, with plants located on both
coasts and In the Middle West, re-
ported today for the six months ended
April 80 consolidated net profit Of
1857, ,756, equal, after preferred divi-
dends, to 80 cents share on 00,000
common shares. In the correspond
ing 1895 period net income of $1,217,-
152 amounted to $1.52 a share on
$50, 900 common shares.
Graham Paige Motors.
Graham-Paige Motors Corp, with
plants in Michigan, Florida and On
tario, reported for the quarter ended
March 81 consolidated net loss Of
$186,240. In the like 1885 period the
company reported net income Of
$120, 1897, equal, after preferred divi-
dends, to 4 cents common share.
First National Stores.
First National Stores, Inc, operat-
ing a chain grocery system in New
England, reported for the year ended
March % net income of $3,163, ,32s
equal after preferred dividends to
$3.65 a common share. In the pre-
ceding year the company reported net
Of $3,433,504, or $3.50 a share.
Evening star., 1936-06-05
COSDEN OPPOSES PLAN
FILED BY BOND GROUP
BY the Associated Press.

NEW YORK, June 5.-J. C. CoSden,
president Of Cosden Oil Corp. and
chairman Of the Stockholders Pro-
tective Committee, stated he opposed
the reorganization plan recently filed
by bondholders' committee on the
ground that the plan practically elm
mated common and preferred stock
holders. Cosden said the bonlhold-
ers' plan would be strongly opposed
at a hearing in Fort Worth June 20.
Evening star., 1936-06-05
UNITED AIR LINES
BUSINESS CLIMBS
Passengers, Mail and Express in
Four Months Rise Well
Above 1885.
srecial Dispatch to The Star.

srecial Dispatch to The Star
CHICAGO, June 5.-Substantial in
creases in revenue passengers, mail
and express carried by United Air
Lines the first four months Of this
year over the same period Of last year
were announced today.
In January, February, March and
April Of this year United, on its New
York Chicago California and Pacific
Coast routes, carried 49.l60 revenue
passengers contrasted with 44,799 a
year ago.
Pound miles Of express increased
from 277,554. .439 to AL ,470,52l.
indicative Of the sharp rise in air
mail poundage was an increase from
992, ,593,7l3 pound miles in January,
February. March and April of last year
to 1,207, ,35l .006 pound miles the first
four months of this year.
Evening star., 1936-06-05
CAMDEN TO RETIRE DEBT.

CAMDEN, N. j., June (speciaD -
Funding bond ordinances authorizing
the eventual issue of $685., 900 re-
funding bonds to retire all Of the city
Of Camden's floating debt and calling
for the public offering on June l6 Of
$5,0l0,000 Of the amount authorized
were adopted yesterday by the Board
of Commissioners.
Evening star., 1936-06-05
NEW YORK PRODUCE.

1o4 firmer. Creamery. higher than extra.
29a2ea: extra (92 score). 2Sha%; nrsts
1881 scoresl. 27ha2Si3; seconds lS4-s7
Cheese e2.713. firm. state whole milk
haEs Essa helg lsbss 1892 nm iancS Mxed coors: sp.
cial packs or selections from fresh receipts.
23a2534; standards and commercial stando
pounds. 20A:. dirties. No. 1. AZ pounds.
90: average checks, 10
Live poultry weak. By fretsht: Brotlers.
l3a2O; other freight prices unchanged
BY express: Broilers. 1926; fowl t2Oa
Dressed poultry steady. Fresh: CHICK
ems 20e32; turkeys (Northwestl. 17e26:
other fresh and an frozen prices un'
Evening star., 1936-06-05
CURB LIST SHOWS
GENERAL DECLINE
Late Support Checks Sag,
but Fails to Bring Ex-
tenSive Rallies.
BY the Associated Press.

NEW YORK, June 5.-Curb stocks
continued to slant downward today
until support appeared in late trading
This, while arresting the decline,
brought no extensive rallies except
in a few issues like Humble Oil and
Great Atlantic & Pacific. In these
the early losses were Supplanted by
fractional net gains.
Such leaders as Creole, Bunker Hill
& Sullivan, Gulf Oil and Niagara
Hudson Power remained moderately
under the previous cloSingS. Electric
Bond g. Share and American Gas
g. Electric were steady.
Evening star., 1936-06-05
FOREIGN MARKETS.

LONDON. June GR.-Stock prices
closed IRREGULAR. althoush the tone was
better when moderate SUPPORT came into
the market Heaviness prevailed II the
Atlantic and eilt-edged securities selling
al lower levels. Foreign bonds remained
drawal of Cape Town support.
PARIS-Premier Blum's radio, address
TO the nation brought q rush OF buying
dustrials. International issues and rentes
being IN demand. the latter ADVANCING from
1 to 2 francs. Electrical shares held STEADY.
Evening star., 1936-06-05
GENERAL PUBLIC SERVICE
ARREARS WILL BE PAID
By the Associated Press.

NEW YORK. June 5.-Directors of
General Public Service Corp. an in
vesting concern, have declared a divi-
dend Of SIS q share on account of
arrears on the So preferred stock and
$4.5513 a share on account of ar
rears on the $3.50 preferred. both
payable June 80 to stockholders Of
record June IS.
The last previous payment was on
February l, 1882. AS of May /, &C.
cumulations amounted to $3.50 a
share on the Sc series and s23.371z
on the $3.50 series.
Evening star., 1936-06-05
ARMOUR & co. EXTENDS
TIME ON STOCK OFFER
BY the Associated Press.

NEW YORK. June 5.-Armour g.
Co. (Illinois) has notified the New
York Stock Exchange that the privi-
lege Of exchanging shares Of per
cent preferred stock for shares Of s6
cumulative convertible prior preferred
stock and common stock under the
terms Of the plan Of recapitalization
has been extended from June 10 to
July 10.
Evening star., 1936-06-05
NEW YORK SUGAR.

NEW YORK June 5 [Rr;-Raw sugar was
unchanged early today at 3.72 for spots.
with no sales reported as ref1ners con-
tinued to hold aloof awaiting the outcome
Of sugar legislation at washington.
no variation during the balance of the
forenoon. Trading was limited on account
of the Inactivity in the spot market and
uncertainty over what may happen over
the week end adjournment. July sold at
. So. September at 2.79 and May at 2.o4;
and were ruling around these levels at
midday net UNCHANGED.
The Saturday Summer holidays viii be
inaugurated in the sugar market tomor-
row
In refined prices were unchanged at 500
for fine granulated, with a continued good
increased call for resale offerings. which
were firmer at 4.S5.
Evening star., 1936-06-05
COFFEE DISAPPEARANCE
SHOWS BIG INCREASE
BY the Associated Press.

DJ bAS AoooSL6SCu EAcSSs
NEW YORK, June 5.-Total coffee
disappearance for IL months Of the
current crop year was 24,071. .174 bags,
an increase of 3,283,l1o over the like
period of the 1e34-35 year, the New
York Coffee & Sugar Exchange re-
ported. Total disappearance for the
full fiscal year is expected to exceed
the peak of 25.148,175 bags reached
in 1930-31.
Evening star., 1936-06-05
BOSTON WOOL MARKET.

BOSTON. June Up Omitted States De-
partment of Agriculture) Prices were
firm in the Boston market on a rather
moderate. turnover Of fine territory wools.
Average to good French combing lines Of
bags brought mostly around S4aS6 cents
secured basis but 1t was difficult to se-
cure good woods below S5 cents. Average
to short fine French combing woods moved
around S2aS4 cents secured basis.
Evening star., 1936-06-05
JEWEL TEA SALES GAIN.

NEW YORK, June S (SpeciaD -
Jewel Tea Co., Inc, reports that its
sales for the four weeks ending May
Is, 1896, were 81 ,77192, as COM
pared with 81 ,599.81 for parallel
weeks in 1885, an increase Of 5.42 per
cent.
Evening star., 1936-06-05
I. T. &T. DisclOses
Net of $l,6O8,75O
In First Quarter
BY the Associated Press

NEW YORK, June 5.-Net income
of the International Telephone g.
Telegraph Co., in the quarter ended
March 81, was $1,60S,750, equal to
Is cents a share on the capital stock,
compared with $1,228,7 758, or 10 cents
a share in the same quarter last year.
Evening star., 1936-06-05
METAL MARKET,

.,.S15Vgxs,e MEW yoRK TX, june R.-copper auie.;
9.O7k... Tin nrm; spot and nearby. 400
a44. 12z; future, 43.371sa43. so. Iron
quiet. UNCHANGED. Lead steady: spot New
York, 4.60a4.65;. East st. Louis. AS.
Zinc dull East st. Louis spot and future.
400. Aluminium, 19.00a22.00. Antimony.
Evening star., 1936-06-05
FLOUR OUTPUT GAINS.

NEW YORK, June R.-May
-four production in the principal mill
ing centers totaled 5,004,89 barrels
against 4,878.639 in May, 1885, Cen
eral Mills, Inc, reports.
Evening star., 1936-06-05
CANNED GOODS FIRMER.

NEW YORK, June 5 (Pl.-Special-
lists report a firmer price tone In
primary markets, rejecting sharply re-
duced estimates of packs of fruits and
vegetables for some sections of the
country as the result of dry weather.
Evening star., 1936-06-05
Telephone Total
Shows Increase of
78,2OO for Month
BY the Associated Press.

By the Associated Press.
NEW YORK, June 5.-There was
an increase Of 78,200 telephones in
service in the Bell System during
May the American Telephone & Tel
egraph Co. announced. The gain In
May, 1885, was 47,600.
Evening star., 1936-06-05
U. S. TREASURY POSITION
BY the Associated Press.

The position of the Treasury June 81:
Receipts. Sl13, 06s; ;0s7 As; expenditures M
Receipts for the fscal year tsince July
~ So 622 $50, ,573.2S: expenditures, So
6I5. .3(i5, 304 90 including S3,0S4.994.- :
S32 ST of emergency expenditures excess
Of expenditures. $4,000, 7G4. 40 "a: gross
s43:1e7s s063 eyer e the previous day: gold
asises Reeeints for June IS. 1885 comparable
date last year), S142,540. .334. .65; expendi-
lures Sl33. .9l9 .930.4S: net balance, 81.
OI3.51525117: customs receipts for the
month, 81, 44O 545.39
Receipts for the fiscal year. s.. .391. SIT. =
sos 80: expenditures, Sc, ,592. S97. .139.9 81.
including S3.31S,319. .932 Of emergency ex-
379, ,534. 81: gross debt. SIS, 1S3, S4S,-
361.7S: sold assets. Ss,916.4s0. 02e.o6.
Evening star., 1936-06-05

Cleveland-Cliffs Iron Co.-March
quarter deficit was $180,660.
Locusts are causing heavy damage
h the Parys district Of South Africa:
Evening star., 1936-06-05
DIVIDENDS ANNOUNCED

NEW YORK. June 5.-Dividends de-
cared prepared by the Standard Sta
Pc Stock of Pay
Rate. riod. record. able.
Bank Com d sav Wash
Mead johnson q co--50c - S-I5 II
Increased
Commercial Credit Co75c 6-10 $50
Accumulated.
Hart-Carter So CIV pf--Sl - 6-1b IL
Gen Public Service
Corp Sc pfd--S5 els $50
Do. $3.50 pfd-S4S5Is - 6-I5 $50
Regular.
Evening star., 1936-06-05
MONTREAL SILVER.

opened steady, q to IL lower. July, 49,QRb;
sepsemher, 45.1oe: December zb.Sob.
Evening star., 1936-06-05
INVESTING COMPANIES

NEW YORK. June 0P-New York
Security Dealers Association:
Moon quotations)
Evening star., 1936-06-05

Dividend rate IN dollars nased on last
quarterly or semi i-annual payment fAA-
dends Paid this year bPaie last year
dCompRn1es reported In receivership or
being reoreaniHed ePayable IN stock
Ex-divieend
Evening star., 1936-06-05
sH0RT.TERM SECURITIES.

tReported BY chas. D. Barney g. Coz
Evening star., 1936-06-05
rOREIGN RONDS.

Raesn Raes 4 oRn sP / 8 St St g.. g.. g..
CUBAN Tobac IS ~ IS 70 II.
Santa Fe Arg As AS St 5015 5Oh 50l3
ww-with warrants xw-without war
rants. New. Wt-When issued st
(stu)-Stamped
sNegotiability impaired by maturity.
fCompanies reported in receiver5hip.
Evening star., 1936-06-05
NEW YORK BANK STOCKS

NEW YORK, June 3 1P.-Over-the
counter market bank and trust companies
Evening star., 1936-06-05
NEW YORK CURB MARKET
By private wire direct 20 The star.

Stock and Sales
Dividend Rate. Add 90. High. Low. Close.
Aero Supply (A)- 20 20 70
Aero Supply tB)-. 8 3& 3% 3%
Ala Pwr Of (6)--- los 6S 6S 6S
Alumni Co OF Am zoos lis ll5 115
NA
The Daily Alaska empire., 1936-06-29
German Student Bodies e' DwindIe Under Nazism
l-----

Esf EH 4aI4z tEBr tt-5
 BERLIN. June 29. = Seekers of higher education in Germany have declined 38 per cent since the Nazis came to power.
 Student bodies in universities are dwindling steadily some as high as fifty per cent in several provin- cial schools. For the 1883 summer semester, 14,000 new studen t S matriculated whereas for the winter semester of 1934-35 only 1884 reg istered and but 1000 for the 1885 summer term.
 There were 116,00O students in all higher institutions of learning in the summer of 1883. The following winter the total was 89,000 and in 1885 summer semester 77,000.
 Universities at Kiel, Erlangen Marburg and Leipzig were the big gest losers.
The Daily Alaska empire., 1936-06-29
ARE ORDERED
 TO SAVE PAY
Civil Employees, Chinese Government, Must Put
 by for Rainy Day

HAWKING. June 29. = Civil em- ployees of the Chinese government are to be compelled to salt away part of each months pay check for the rainy days that may be ahead.
 Coming on top of compulsory con tributions to flood relief, and gen. eral salary slashes, long suffering civil servants are greeting the en- forced savings scheme with audible groans, and whispered suspicious that this is but another scheme to provide ready cash for the gov ernment's official spenders.
 From two to 10 per cent of all salaries must go into the thrift account of the Central Trust Bu- reau. The interest rate is fixed at the discretion of the Bureau, which, incidentally is responsible for arranging China's purchases aboard of airplanes, tanks and other en- zines of war
The Daily Alaska empire., 1936-06-29
LINDSTROM-
 VOWS READ SATURDAY

In beautiful candle light cere- mony amid decorations of Alaska flowers and under an evergreen arch, Miss Inga Lindstrom became the bride of Frank Behrends on Saturday night with the Rev. Err ling Olafson reading the VOWS. The ceremony took place at the Lind strom home at Lena Cove.
 The bride, dressed in a pale green silk gown, wore tiara of forget me -nots in her hair and corsage of yellow rose buds and forget me nots at her waist.
 Miss Catherine York, the maid of honor, was dressed in peach chif- ion and wore corsage of gladiolas. The bridesmaids, Miss Sybil God frey, Miss Louise Tanner, Miss Emily Dalton and Miss Miriam Lea, wore gowns of pastel colored lace and organdy and corsages of con- trasting colored gladiolas
 The brides mother, Mrs Eli Lind strom. was gowned in navy blue silk and wore talisman roses. The groom's mother, Mrs. Anna Beh- rends, wore black silk with a pink carnation corsage.
 After the ceremony a reception was held attended by 50 friends of the young couple, with Mrs G. Ing man and Mrs. R. A. Reischl pouring.
 MT. and Mrs. Behrends are now residing at the Harris Apartments.
The Daily Alaska empire., 1936-06-29
REPORTED LOCATED
Bound For Washington

WASHINGTON, June 29. = This afternoon it is reported Congress man zioncheck is hiding in his Capitol Building office but the re- port has not been verified.
 Newsmen were unable to gain admission to his office and tele- phone calls are not answered
 Capitol Policemen are on guard at the Representatives office door which is said to have been occupied during the forenoon.
 The policemen have warrant to serve on Zioncheck in connection
The Daily Alaska empire., 1936-06-29

Fourth of July weekend trip fO Atlin and return only S35. Fly up the Taku River, past the Taku Glacier and over the most beautiful scenery in the North. See the placer mining in Atlin, and fish for trout and whitefish in the lake. Nine passenger transport leaving Juneau on the 3rd, 4th and 5th. Make your reservations TOW with L. F.. Barr or Lee Barragar at the Cas- tineau Hotel. adv.
The Daily Alaska empire., 1936-06-29
CHAIN LETTERS
 BANNED, CHINA

HAWKING, June 29.-Just ar rived in China, chain letters are already so unpopular that they have been banned even as means of raising money for the country wide buy an airplane" movement with which the nation is honoring Generalissimo Chiang Kai-Shek in his 50th year
The Daily Alaska empire., 1936-06-29

vention to which l have referred, placed me in rather embarrassing position. had originally intended to support him; but he voluntarily released all delegates who were for him, which action, I, for one, took to mean that he was not any long CT a candidate for the office Furth- more, in the same statement which he filed with the Douglas Conven- ton and published on April Il he denounced the methods which were employed to elect the opposing delegation, after having stated the night before that they were in- defensiblel
 MT Arnold told me in Ketchi- kan Friday that many of the copies of alleged letters found in his stol- en brief case, were faked after the brief case was tclen; ana I am constrained to believe him.
 Declared for Landon
 Our delegation had declared for Landon for President the day we were elected at Douglas. We be- came quite well acquainted with his managers in Cleveland, includ- ing John Hamilton, the new Chair man of the National Committee, and we have been assured that a change will be made before the next convention meets, which will result in a change of rules to pro vide that each contest will be re- fered to a special subcommittee of five who will examine the case on it's merits. There will be a separ- ate committee for each contest.
 MT. Hamilton, in my opinion, is the best campaign manager the party has had in many years. The party is united behind Governor Landon, and I feel that his election in November is assured.
 Offers Suggestion
 | So far as the election in the Territory is concerned, in view of the fact that we have two opposing factions in certain parts of the Territory. it would seem the proper thing for the National Committee man, the head of the party, to ap- point campaign committee com posed of members in each judicial division who have not been identi- fled with the Douglas Convention Unfortunately, however, our Ma tional Committeeman is not in the Territory, and does not intend to be until the campaign is about over
The Daily Alaska empire., 1936-06-29

 ders, said he regarded the escape. of Zioncheck as the impulse of an elat- ed individual"
 Dr. Pattrel said he did not con- sider the Congressman danger to the community
 Bound For Washington
 Max Zimmerman, Mrs. Zionchecks S attorney, expressed the hope that Zioncheck is out of Maryland to stay away and rest. He needs rest and I think you will find him out there in Washington State battling in the primaries for renomination pretty soon" said Zimmerman, and added that If zioncheck should return to the District of Columbia, he will be safe from detention since the sanity hearing has been dropped
 No Speeding
 In Washington, D. C., the Wash ington Post quoted Bernard Thomp- son. Chief Detective of the Bureau, saying the Washington police force will not arrest Zioncheck if he ap- pears there and abided by the law but they would if he again went 80 miles an hour in his automobile.
The Daily Alaska empire., 1936-06-29
Tally Leaving Here July 1 for Seattle Trip

The Tallapoosa has been ordered to Seattle for her annual visit and will leave here July 1, it was an- nounced officially from the Coast Guard vessel today As a result the Tally will be unable to take part in the Fourth of July celebration here.
The Daily Alaska empire., 1936-06-29
Develops Oil Fields

ZISTERHDORF, Austria.-Three new wells have been drilled, and other efforts are progressing with government encouragement to de- velop the Zistersdorf oil field. Since August, 1884, about 1,5OO tanks of heavy oil have ben produced.
The Daily Alaska empire., 1936-06-29
CARPENTERS PICNIC
 ENJOYED ON SUNDAY

Lena Cove was the scene of plenty of activity yesterday as the Car penters and Joiners of America, Juneau Local l940, made the most of the day with their annual pie nic. Members, families and friends, more than 200 of them, ate weiners, played games, ran races from noon till dark, abetted by refreshments for everyone.