davidaulloa/AmericanStories huggingface dataset:
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1936-06-24
Random Notes

On June % President Roosevelt signed
the new organic act for the Virgin
Islands. The old act had set up only a
temporary government for the Islands.
The present act sets up permanent form
of government with more autonomy.
The Colonial Council will In future be
made up of nine members, two from
each of the present elective districts and
one member elected at large. While uni
versaI suffrage begins with TIE election
after November the other provisions of
the act affecting the Council are DOW in
force
With more autonomy comes greater
responsibility. We hope that our people
will! accept the change with reasonable
degree OF seriousness.
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1936-06-24

The Municipal Committee completed
its work on the Budget at 10 o'clock last
night. The Committee will recommend
some important changes which should i'm
prove the efficiency in public service.
The Municipal Band will give a con-
cert in the park tonight.
St. Croix tribune. [volume] (Christiansted, St. Croix, V.I.) 1922-1937, 1936-06-24

Wednesday. June oath 1886
Evening star., 1936-12-20
JANUARY MATURITIES
TO TOTAL S125,668.55O

special dispatch to The Star.
NEW YORK, December 19.-Cor-
porate bond maturities during January
will total SIPS, ,668. $50, according to the
Standard Statistics Co. of New York.
The number Of bonds and notes max
ing up the total is 143, Of which 1s
amount to $4,000 or more. as fol-
lows:
January 1-Bethlehem Steel Corp.
gold serial 412s, s1,173.0O0: Braun
Lumber Corp. 51a per cent notes, ST.
5000; CHM, Hamilton & Dayton
AIS, 1892 900; Cumb. Tel. g. Tel.
first and gen. SIS. s14969,O0O Duluth,
So. Shore g. Atl Ry first SIS, $3,816, 900;
Hungarian Cent. Mutual Credit Inst.
rs, s2,124,OO0; Lake Erie & Western
r. R. first IS, $3.50 900; Lincoln Mtge.
Il Title Guaranty Co. first 5Aas, ST.
984 900.
Mich, Della. Chestnut Realty Trust
Ext. IS, 81 ,402, 500; Munson S. S. Line
deb. 61as, s2,430,000; Munson S. S.
Line sec. IS, 81, 1000; N. Y. Susq. &
West. r. r. first SIS. $8,744 900; Omaha
& Council Bluffs St. Ry., Inc, SIS, S.
665 900.
Pan-American r. r. Co. gen. IS, ST.
484 900; Penn-Mary Steel Co. first IS,
81, 1862 500; Western N. Y. & Pa. r. r.
first SIS. SO ,990, 900.
January 2-Pacific Tel. & Tel. Co.
first S. f. IS, $25.682, 900.
January 15-St. Paul City Ry. Cons.
Gable IS, $3,708, 1000.
December maturities amounted to
$43, 1862, TAO and the 81 issues and por-
tions Of issues falling due in February
total $28 ,692, 500.
Evening star., 1936-12-20
STOCKS HES|TANT
AS BONDS DRIFT
TO LOWER LEVELS
Industrial News and Idle
Funds Offset by Other
Factors.
WAGE DISPUTES SERVE
AS RETARDING INFLUENCE
Failure of Market to Follow Some
Leading Issues and Long
Advance Also Cited.
By the Associated Press.

BY the Associated Press.
NEW YORK, December 19.-Finan-
cial markets breasted choppy water
during the week and were swept back
in some sections.
The stock market, traditional Wall
street barometer of sentiment, contin-
ued its indecisive behavior of the
week previous.
1t reflected, brokers said, the COM
paratively even balance struck be-
tween bearish and bullish influences.
On the bullish side of the scales,
they cited better than seasonal show
ings in major sectors Of industry
gains in retail trade and continued
large supply of idle money.
Labor Troubles Watched.
On the bearish side, they pointed
to wage disputes in number of in
dustries, failure of the market to
follow the lead of some prominent
issues and the fact prices have climbed
with little interruption since Spring
of 1885 The advance I. c. C. ruling
also had a marked effect on railroad
issues.
Commanding wide attention in A.
nancial circles was the warning on
the danger of careless share commit
ments in low-priced issues sounded
by Charles r. Gay. president Of the
New York Stock Exchange.
In other quarters alarm had pre-
viously been expressed over brisk ac-
tivity in various equities selling un-
der $40 a share, some interpreting
this to mean speculation on the part
of the uninformed.
U. s. Bonds Decline.
Bonds drifted lower as the week
Significant was the drop
on Thursday and Friday in United
States Government obligations. FL
quarters attributed it to SELL
ing by banks said to be anticipating
increase in reserve require
ments by the Federal Reserve Board.
Broadening demand sent wheat
soaring to a seven-year top. Mean
while both world industrial recovery
and continued buying for armament
purposes continued to push prices of
other commodities toward
peaks not seen since the late 1920s.
Evening star., 1936-12-20
S,ceeping Changes Proposed
For Commonwealth Edison Co.

dependent financial plans, contem-
plates:
1. The carrying out of a reorganiza-
ton plan for the acquisition by Com
monwealth Edison of complete owner
ship of the voting stocks Of Public
Service Co. of Northern Illinois.
2. The retirement of the outstanding
debentures of Commonwealth Sub
sidiary Corp. and of all mortgage debt
and preferred stocks Of both Western
United Gas g. Electric Co. and Illinois
Northern Utilities Co.
3. The retirement Of a substantial
amount Of the senior securities Of Pub
lie Service Co. of Northern Illinois.
4. The refunding of all or part Of
the mortgage debt of Commonwealth
Edison and all or part Of the remain
ing outstanding mortgage debt Of Pub
lie Service Co.
Commonwealth Edison stock would
be split four for one, and three new
shares would be offered for each pres
ent Public Service Co. of Northern
Illinois common share.
Evening star., 1936-12-20
MARKETS
RECOVER QUICKLY
Securities Rebound Sharply.
Boom Is Resumed in
Commodities.
BY LEONARD ]. REID.

by IbDle 70 i ne olar.
LONDON. December l9.-The rapid
ity with which the business world dis
carded the effects of the domestic crisis
and resumed normal business was the
outstanding feature of the last week in
the financial district.
The price levels of gilt-edged issues
and also many of the leading indus
trials are now again back to, or above,
those preceding the crisis. while the
boom in the commodity markets has
been fully resumed, particularly in
rubber, wheat and lead.
The Jump in rubber to about 10
opinion, which expected the quota in
crease to depress the price. The rise
was partly due to a bear squeeze, in
tensified by semi-cornering of the
market by two firms.
The weeks recovery in sterling is
attributed to two influences. First, the
surmounting of the throne crisis by a
practically united nation impressed
foreign centerS, and, secondly, the
transfer of EOS 100000 in gold from the
exchange fund to the Bank of England
reveals something of the enormous
strength behind the pound.
Christmas shopping is reported to be
the heaviest ever, the Today letdown
during the abdication crisis being rap
idly overtaken. Active note circulation
Is already f48, 1000 above last year.
A notable feature of the buoyant and
confident present situation is the per-
sistence of new capital issues, several
Of which are due next week.
(copyright. 1885. by the North American
Newspaper Alliance. IncD
Evening star., 1936-12-20

said. adding that smaller banks not
having such charges now will be
amazed at the gains they will achieve
in income.
I'm 1886 new investments will not be
in sufficient quantities to enable banks
to purchase many bonds" the banker
continued, because after a great de-
preston the forces of recovery move
slowly and the demand for such bonds
will far exceed the supply With
further gains in heavy industries in
1887. there should be an increase both
in employment and business" he as
serted.
If the Government reduces its
spending policy there may be some re-
action, but business is headed toward
further improvement which eventually
will cause well-managed companies to
want to borrow money from the banks.
There is more likely to be an increase
than decrease in the demand for credit
in the year ahead, said the Washing
ton financier. adding that interest
rates will still be low.
"a majority Of bankers will agree
that most of the recent banking laws
passed have not hindered them in
their operations as they anticipated"
Siddons asserted. These laws have
proved beneficial to stockholders, de-
positors and to the banks. During the
coming year only banking laws of
minor nature are likely to be passed.
fortunately, many banks today are
earning more than last year and
through careful management should
continue the uptrend in 1887"
Evening star., 1936-12-20
LEAD AND EXPORT
COPPER STILL RISE
Two Metals Boosted to Highest
Point in Seven Years by
Heavy Demand.
b. the Associated Press.

By the Associated Press.
NEW YORK. December 19.-The
heavy buying of metals continued to-
day sending domestic lead to new
seven-year high and export copper to
a peak over a like span of years.
The price Of lead for domestic con-
sumption was stepped up 50 ton by
st. Joseph Lead Co.. making the base
price at New York $50 cents pound
and st. Louis, 5.45 cents. The rise
was attributed to increased demand
by American industry which, observers
said. was attempting to lay in stocks
of the metal before it joined further
in the advance recently inaugurated
by zinc, tin and other non-ferrous
metals.
The boost in quotations for export
copper, quoted today at 11.25 to 11.30
a pound, c. I. F. European base ports.
q new peak since December, 1880, was
attributed by the trade to further ac-
emulation of the metal for armament
and industrial purposes. 1t was said
also that British dealers were taking
on heavier commitments, largely
speculative.
Evening star., 1936-12-20
FASTER PACE SET.
At COTTON MILLS
DURING NOVEMBER
Operations at 1909 Per
Cent, Against 1888 in 0c-
tober, 101.1 Year Ago.
BY the Associated Press.

BY the Associated Press.
The cotton spinning industry was
reported yesterday by the Census Bu-
reau to have operated during Novem-
Der at 1929 per cent of capacity
compared with 1898 during October
this year, and 10l.l during December
last year.
Spinning spindles in place No
vember 80 totaled 27,757.828, of which
23.805.520 were active at some time
during the month, compared with 27,-
Oil ,666 and 23,6382 27O for October
this year. and 1882 ,594 and 23,193.-
734 for November last year.
Active spindle hours for November
totaled 1897, ,374,464, or an average
of 288 hours per spindle in place,
compared with 1923, ,468.743 and 298
for October this year. and 6.897 .42O,-
223 and 233 for November last year.
Spinning spindles in place Novem-
Der 80 in growing States totaled
19.048,036. of which 17,463 ,486 were
active at some time during the month,
compared with 19.017.368 and IT,
372.302 for October this year. and
1921 .O88 and 1905 ,232 for November
last year.
Active spindle hours for November
in cotton growing States totaled g.
225, ,446.514, or an average of 327 hours
per spindle in place. compared with
G, 1892, 1923 $50 and 338 for October this
year; and 5.4l7,822,78S and 281 for
November last year.
Active spindle hours for November
and the average per spindle in place
for November by States follow: Ala
bama, 635883.410 and 337: Georgia,
88,343.954 and 1876; Mississippi, Ga
305,806 and 312; North Carolina. l.
1888 .280,204 and $40; South Carolina,
2,025,479,518 and 353; Tennessee, 217,-
9l6,445 and 341: Texas. 1926, ,734 and
299. Virginia 1T Q61 asa and 272
Evening star., 1936-12-20
LOCKHEED AIRCRAFT
ANNOUNCES EXPANSION

Special Dispatch to The Star.
NEW YORK, December 19-Lock-
heed Aircraft Corp. announced today
the purhcase Of its present factory site
at Burbank, Calf. together with ad-
ditional adjacent acreage.
The property was acquired from the
California Bank, the California Trust
Co., w. A. Blanchard and several other
owners, and comprises a total of 43
acres.
1t is the same acreage which the
company has been leasing for the last
four years.
The purchase price is understood to
be in the neighborhood Of s165 900.
Robert e. Gross. president. said that
Lockheed will Immediately commence
a building program in preparation for
extended business operations during
1897.
Evening star., 1936-12-20
Stock Seat Price
Climbs Further
To Sl25,OOO Mark
BY the Associated Press.

NEW YORK, December 19-Price
of membership in the New York Stock
Exchange jumped sharply today when
seat changed hands at sl25. 900. an
increase Of $4,000 over the last trans
action on Thursday and $4,000 more
than the low for 1896. s8e, 900, re-
corded December l.
The highest price obtained for q
membership this year was $l74.000 on
February 49, During the boom years
two transactions were completed at
more than $500 900.
Increased volume Of trading, with
chances Of better profits. was given by
some brokers as the reason for the
advance.
Evening star., 1936-12-20
By the Associated Press.

By the Associated Press.
CHICAGO, December 1s.-James A.
Simpson, chairman of the board of
Commonwealth Edison Co., announced
plans last night for a sweeping pro-
gram of capital changes which would
give Commonwealth Edison complete
ownership of the principal electric op-
Grating companies in Northern Illi-
nois, with an aggregate of $746, 6,000, 900
in resources.
A special meeting of stockholders
has been called for January %, 1887,
to vote authority for the board to pro-
ceed with all or any part of the pro-
gram.
Five sister companies-the Com
Edison, Commonwealth
Subsidiary Corp, Public Service Co. of
Northern Illinois, Western United Gas
IL Electric and the Illinois Northern
Utilities Co.-are involved.
The huge financial undertaking,
which includes four separate and in
Evening star., 1936-12-20
WOOL PRICES IMPROVE
AT BOSTON IN WEEK
Py the Associated Press.

Py the Associated Press.
BOSTON, December l9 UNITED
States Department of Agriculture) -
Domestic wool prices began to show
a revival of strengthening tendencies
in the last week as demand broadened
and prices in Australian markets
made further advances.
Late in the week territory woois
were moved at prices above the bulk
of the bids of the previous week.
This movement stimulated further
mark-ups of asking prices.
Ohio feeces were moved in limited
quantities at strong to higher prices,
which ranged Al to 43 cents in the
grease for fine delaine. A to As cents
for staple combing halfblood and 48
to so cents for combing three-eighths
and one-fourth blood.
Evening star., 1936-12-20
Opinions Differ
On Rule Against
Rail Surcharges
Bv the Associated Press.

BN the Associated freSS.
NEW YORK, December l9-Wall
Streets first reaction to the Interstate
Commerce Co<lmission's ruling deny
ing extension of the railroad emer-
gency freight surcharges was an un-
easy selling of carrier bonds and
shares, but pessimism was not un-
mixed.
Some observers took the view that
the picture was not as bad as had
been painted. They saw considerable
hope for the roads in the commissions
conclusion that the emergency which
necessitated the surcharges no longer
existed, and that further increases in
traffic would overbalance the loss Of
the higher rates.
These observers pointed out that
the Eastern railroads had resisted
lower. passenger rates. put into effect
early this year. only to gain additional
passengers from the decreased scale.
Evening star., 1936-12-20
Christmas Candy Sales Climb
10 to 90 Per Cent Over 1885

records since 1929. while still others
have enjoyed the largest business in
history. according to the association.
"It is q little early to report on per
capita candy consumption for 1885,"
an association statement said, "but it
is safe to assume from current reports
that the 14.3 pounds record estab-
lished in 1929 will be matched If not
exceeded"
The foodstuffs divisions Of the Bu-
reau of Foreign and Domestic Com
merce reported that all types Of
candy manufacturers attained peak
production level for the year during
October, with an increase of 19 to
20.6 per cent, compared with October.
1885. This gain was reflected all over
the country.
Evening star., 1936-12-20
HOUSE ISSUES
REPORT AT NEW YORK

BY the Associated Press.
NEW YORK, December 1e.-The
weekly statement of the New York
Clearing House shows:
Total surplus and undivided profits,
1886, ,53l, 800 (unchanged; total net
demand deposits (average), increased
ss1, TOT 900; time deposits (average),
increased s6,888, 900: clearings week
ended today, s5,633, ,22s, ,283; clearings
week ending December IL, $3,863,23S,-
295.
Evening star., 1936-12-20
REICH RATIONS BUTTER.

BERLIN, December 19 R.-Butter
and lard cards were issued today to
German householders. The cards
state the number of persons in FAM
lily and permit that family to pur-
chase 20 per cent of its total October
consumption each month, effective
January l. Thereafter, an individual
may buy only from the dealer holding
this card.
Evening star., 1936-12-20
BY the Associated Press.

BY the Associated Press.
CHICAGO, December 19.-Prospects
for Christmas candy business are the
brightest in seven years, trade esti-
mates indicated today.
Candy sales are booming in all sec
tions of the country, said sources in
the industry, in satisfactory propor-
ton to the distribution OF fattened
pay envelopes and dividend checks.
Sales of manufacturers for the
Christmas trade, as reported TO the
National Confectioners' Association.
are far ahead of recent years, ranging
from 10 to so per cent over the vol
ume in 1885.
Some manufacturers reported the
largest candy production in five years
during 1896. Others have toppled all
Evening star., 1936-12-20
TWO BANKS OPENED.

NEW YORK, December 10 (Spe-
cial. Two new banking offices were
opened during the last week, one in
Michigan and one in Wisconsin, ac-
cording to the Weekly Banking Mar
ket, released by Rand McNally Bank
ers' Monthly. It also reports one
merger in Michigan, one absorption
in Wisconsin. one conversion in Min
nesota and six liquidations.
Evening star., 1936-12-20
TRAVEL PROSPECTS GOOD.

PHILADELPHIA, Dece mber 10
Especial Advance reservations in
dicate that the 1936-37 Winter season
will be the best in several years for
the Chicago & North Western-U Union
Pacific Department Of Tours, accord-
ing to C. H. Hale, general agent, Phila-
delphia.
Evening star., 1936-12-20
.S|DDONS STRESSES.
RISING BANK COSTS.
Reasonable Service Charges
Advocated in Talk to
Virginia Group.
SreciaI Dispatch to The Star.

RICHMOND, Va, December 10
Means of increasing earnings in the
face of rising costs. demands for better
living standards and higher taxes must
be found as the answer to the most
serious and pressing problems con-
fronting the banks in 1887, Frederick
Evening star., 1936-12-20
UNION OIL co. PLANS
TOREDEEM DEBENTURES

BY the Associated Press.
NEW YORK, December 19.-Union
Oil Co. of California has announced it
will redeem February 4, 1887, its OUT
standing per cent convertible deben-
lures due in 1s47, at principal and ac-
crued interest plus premium of ~
per cent of principal.
Evening star., 1936-12-20
JAPANESE WILL OFFER
BOND ISSUE TOMORROW

BY the Associated Press.
TOXIC, December 19.-The govern
ment on Monday will float an issue Of
250,000,000 yen approximately STA
125, ,000) in 31z per cent bonds, it was
announced today.
OF the proceeds. 50,0O0,o 900 yen will
be used to meet expenses incidental to
activities in Manchukuo and the bal
ance to cover general revenue deficits.
Evening star., 1936-12-20

P. H. Siddons,
secretary of the
American Secur-
ity & Trust Co.,
Washington, de-
clared in an ad-
dress be for e
Group Three Of
the Virgi in i a
Bankers AsSocia-
ton at a banquet
here tonight. He
spoke on the "Fu-
ture of Banking. !"
=" r e a S o nable
service charges
should be adopted
Evening star., 1936-12-20

ers' Association,
asserted yester-
day in a forecast
of probable con-
ditions here next
year.
Mr.. Corby.. a
partner in w. 5.
Hibbs & Co., is
much impressed
by the excep-
tional financial
activity of the
last year and the
great upswing in
mercantile sales
At the same time
he expresses the
Evening star., 1936-12-20
$50 TONS OF LEAD SOLD.

NEW YORK, December 10 R.-
The st. Joseph Lead Co. reports that
$50 tons of pig lead from Southeast
Missouri mines were solds yesterday at
$5.35 per hundred pounds, st. Louis.
Evening star., 1936-12-20
Corby Believes D. c. Gains
Will Be Greater Than
in Other Areas.
UNFAVORABLE WEATHER
CURBS SALES IN WEEK
Store Volumes Up 81 Per Cent
From Previous Period, but 3.4
Below Year Ago.
BY EDWARD C. STONE

Business progress in Washington in
1887 will be more rapid than in other
sections of the United States. Karl w.
Corby, president of the District Bank
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1936-04-09
MARCH WEATHER
NEAR AVERAGE

Sandwiched between the frlgld
wave of February, and the cold
weather of early April, MARGINS
weather was, for the most part,
fairly equable, according to the re-
ports of the local weather stations.
The maximum temperature OF the
month at the Wahluke station was
70 degrees, recorded on the 10th,
according to Gabriel Jaddan, and
the minimum was Is degrees, re-
corded on both the 18th and Both
Precipitation at this station am
ounted to .O6 of an inch, with seven
days being clear, fourteen partly
cloudy and ten cloudy. Snow was
reported on the 18th but it melted
as it fell.
AT the Hanford weather station,
the maximum temperature was 50
degrees on the Goth, T. Del. Moi
fatt reports, while the minimum
was 18 degrees, recorded on the 31st.
No precipitation was recorded at
| this station during March.
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1936-04-09

Shade trees should be pruned so
that the natural shape of the tree
is retained and not destroyed, &C
cording to DR.. John @. Snyder, ex-
tension horticulturist, State College
of Washington, who points out that
in nature trees prune themselves as
smaller and weaker branches be-
come crowded out and die.
The function of pruning for shade
trees, Snyder says, is merely to as
sist this natural process by cutting
out the small lower and inside
branches before they die, in order
to give increased vigor to the other
branches and to keep the ones
with would die from presenting a
withered yellow appearance which
detract from the beauty of the tree.
Trees whose tops are "butchered"
and whose natural shape is de-
stroyed would be better if they were
never pruned at all. To change the
natural shape of a tree is difficult
and usually unwise. Before an at
tempt is made to prune tree, II
should be carefully observed. 1t
should be determined whether the
White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1936-04-09
Shade Tree Pruning Should
Not Destroy Natural Shape

space in which it is growing will
be adequate for it when it natures.
It's habits should be understood and
nature should he assisted rather
than opposed by the pruning meth~
DDS.
Unhealthy trees usually do not
live long nor are they attractive.
They not only have poorly colored
foliage but they often have split
branches. Judicious pruning will
often aid in preserving and slim
ulating the health of a tree.
Several considerations should be
kept in mind If the height IS to
be reduced, tall branches immedi--
ately above protrudtng lateral
should be removed instead Of butch
ering off the entire top. Branches
with narrow angles should be re-
moved. It is better to do this while
the tree is young.
All branches should be cut as
near as possible to the main branch
from which they are removed. Cuts
should be clean and smooth. Stubs
should not be left nor the limb al
lowed to split while the cut is be-
ing made.