davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-03-01
RAIL CH|EFSAWA|T
REACTION Of BUS
L|NEST0RATECUT
Motor Reductions to Meet
Greater Competition
Held Unlikely.
BY FREDERICK GARDNER,
Associated Press Financial Writer.

HoSotidtSu EICSS ludHCldl WTltST.
The Interstate Commerce Commis-
sion's order for a reduction in the
basic passenger fare structure has put
rail men on the alert for the reaction
on their chief competitors, the motor
carriers.
Some rail authorities doubt whether
there would be any general slashing
OF rates to meet prospects of intensi-
fled competition for passenger busi-
ness.
They pointed out fares in many
parts of the country, mainly in the
South and West. for some time had
been at levels highly competitive with
those of motor carriers. The I. C. c.
order. affecting chiefly higher grades
Of traffic in the East, was not ex-
pected to result in a general revamp-
ing of existing schedules, at least on
part of the railroads.
Regulation Watched.
Nevertheless, added interest was
given to the move by the Federal Gov
ernment's new venture into regula-
tion of trucks and busses operating
across State lines.
Thousands of motor carriers have
registered with the I. c. c. and are
due to file rate schedules soon in &C.
cordance with the law passed in
the last session Of Congress for ex-
tending Federal rule over the rapidly
growing. domain of truck and bus
transportation.
Once the rates are filed. future
changes are subject to I. c. C.
scrutiny. In recognition of that, it
was held, motor carriers may be in
clined to prepare for a sitter battle
for traffic.
Besides going out to recapture some
of their lost passenger business, rail-
roads have been adopting widely door,
to-door deliveries and pickup serv.
ice in an effort to lure back less-than-
carload freight.
Passenger Is Victor.
The postwar struggle for existence
between the iron horse and the motor
carrier wove a familiar story into the
background of the commerce commits
sion's majority decision on passenger
fares.
Judging by facts and figures cited
in the report, the passenger at least
has come out a winner of cheaper
transportation.
Under the combined pressure of
competition for business and defiation
of prices, fares fell sharply from 1926
to 1888.
More extensive use of extra fares
was mentioned in some quarters as a
possible Offset to cuts in basic rates
as revenue producers for the big
Eastern passenger carriers, which have
gone to added expense for equipment
and fast schedules to obtain high
grade traffic.
Evening star., 1936-03-01
Investment Companies Make
Vide Changes in Portfolios

ican Co., seven bought and one sold
International Harvester, seven bought
ana two sold American Gas 81 Elec-
trio, i've bought and none sold Amer
lean Telephone, General Electric and
American Smelling.
Seven companies sold and one
bought Continental Can. i've sold and
none bought Liggett q Meyers To-
bacco B and Chase National Bank,
SIX sold and two bought Atchison, i've
sold and one bought Socony Vacuum.
The 10 companies whose portfolios
are the basis for this study are a.
follows: Adams Express Co. American
General Corp American international
Corp, Fourth National Investors
Corp, General American Investors
Corp, General Public Service Corp,
Incorporated Investors, Lehman Corp,
Massachusetts, Investors Trust, Tri-
0ontinsntal 0esDs
Evening star., 1936-03-01
Special Dispatch to The Star.

NEW YORK, February 2s.-Reyers-
ing their policies of 1884, representa-
tive investment companies during
1885 added to their stock holdings
in the automobile accessories and
chemical groups. also adding utilities,
motors, electrical equipment, build
ing and oil stocks to their portfolios.
Selling took place chiefly in the to-
bacco and food groups. both Of which
were also heavily sold in 1884.
Such are the conclusions Of study
made by Distributors Group, Inc,
New York City, of the portfolios Of
10 leading management investment
companies on December 81, 1885. I.
The study further reveals that while
no stocks were unanimously bought
by all ten companies, eight companies
increased and none sold North Ansr.
Evening star., 1936-03-01
NEW BANKS OPENED.

CHICAGO, February 20 (special) -
Six new banking oflices were opened
during the last week, one each in New
Jersey, Louisiana, Texas, Montana,
North Dakota and California, accord
ing to the Weekly Banking Market
released by Rand McNally Bankers'
Monthly, !;
Evening star., 1936-03-01
BY the Associated Press.

6y Gn0 ASS0Cl0te0 PreS8.
NEW YORK, February 2s.-The As
ISOLATED Press seasonally adjusted
weekly index OF industrial activity was
unchanged today at 1877 after de-
clining steadily since the turn Of the
year. The comparable figure last year
was 75.3.
The trend OF industry during the
week was mixed, half Of the index's
components gaining and the rest de-
clining after allowing for the seasonal
factors. NV
Brightest spot, aside from the halt
ing of the long decline. was the fact
that automobile output improved sea.
sonally for the first time In almost two
months. .
Electric power production. after sea-
soaal adjustment. made . new record
peak for tho lrd tims this yesr.
Evening star., 1936-03-01
COMMITTEE HEADS GET
WIRE MERGER PROBLEM
Nv the Associated press

BY the Associated Press.
NEW YORK. February 29.-Cecil
P. Stewart. chairman of an independ-
ent Bondholders' Committee of the
Postal Telegraph & Cable Corp, in q
letter to stockholders said chairmen
Of the Lehman and Stewart commit
tees. representing about 60 per cent
of Postal's $50,000,000 of defaulted
Indebtedness, have been appointed by
their committees to deal with the
question of effecting an economically
sound merger in the communications
industry.
Evening star., 1936-03-01
Republic Steel Co.
Discloses $3,OOO,OOO
Improvement Plan
By the Associated Press.

By the Associated Press.
CLEVELAND, February 29.-A 3d.
100000 program of immediate i'm
provements in II plants was an
nounced yesterday by the Republic
Steel Corp.
The largest expenditure is approx.
mately $l,300,000 for rebuilding and
enlarging blast furnace and improv-
ing dock facilities at the concerns
Corrigan-McKinney plant here.
Other items are $l,000,000 for q
wire mill at the Republics South
Chicago factory; 100000 for improve
ments in the tub mill, coke plant,
open hearth furnaces and transporta-
ton facilities at Youngstown, Ohio,
and 100000 for improvements to tin
mills and open hearth furnaces at
Warren, Ohio.
Evening star., 1936-03-01
RECOVERY CHEERS
. FURNITURE TRADE
Sales 35 to 40 Per Cent
Above 1885 Marks-0ut.
look Best in Years.
Special Dispatch to The star.


NEW YORK, February 2s.-pre-
vailing conditions in the furniture
and floor covering industries are the
most favorable in years, according to
survey issued by Poor's Publishing
Co.
Production activity Is we'll above
that of the depression years, while
distribution has been IS per cent to
40 per cent ahead Of year ago.
Sales of furniture and carpets at the
1885 year-end were unusually salts
factory.
early in February, Mohawk Carpet
increased its prices above the per
cent to 10 per cent advance made by
the industry last Fall. Furniture
manufacturers also have increased
prices, while the hard-surface noor
covering, division Of the industry is
securing greater profits from in
creased volume at steady price level.
Linked With Building.
''The furniture and floor covering
industries are closely allied to home
building and rehabilitation" con-
tinues the survey. "As new resi-
Dental construction and building re-
habilitation have recently demon
strated great vitality. the outlook for
furniture and floor covering must be
considered favorable Credit, an i'm
portant factor, is now cheaper and
more readily available than ever be-
fore. condition which gives every
indication of constancy.
Activity in the sale of furniture
and floor coverings has been far be-
low normal for years. thereby Great
ing an important potential demand.
Imitation should be reflected in. ex-
pansion Of the building industry,
thus benefiting the furniture and
floor covering industries. where in
ventories constitute an important item
of assets. 80
Competition Vigorous.
Admittedly, there are q great
many obstacles to smooth progress.
The present acute state Of competi.
ton In all divisions Of the industry
bids fair to persist, although the de-
preston has eliminated a number Of
smaller units. Labor constitutes an
important portion Of operating ex-
penses, particularly for the furniture
s.d carpet manufacturing divisions,
so That total operating expenses will
be appreciably increased under the
social security act
Ultimate recovery to old prosperity
levels; will depend upon the industry's
success In developing aggressive mer-
,chandising policies"
Evening star., 1936-03-01
GENERAL MOTORS FLEET
SALES RISE SHARPLY
b. F. Goodrich Co.
N the A.soeiated a press.

BY the Associated Press.
NEW YORK, February 2S.-General
Motors Fleet Sales Corp. announced
today that January sales increased
145 per cent over the sanne month Of
last year and exceeded any previous
January sales in the history Of the
organization. G. Z. Dawson, presi-
dent Of the Detroit corporation, said:
1.-THE January record indicates In
creased buying on the part Of large
business organizations In various
unaa.
Evening star., 1936-03-01
Expansion Planned
By Container Corp,
Profits Conserved
By the Associated Press.

CHICAGO, February 2s.-Wal-
ter P. Paepcke, president Of the
Container Corp. Of America. an
nounced today that because q
very important project Is under
consideration which holds inter-
esting profit possibilities but re-
quires q financial investment,
directors had decided to take no
dividend action at this time.
Audited earnings for 1885, he
said, were $1,23S,009 or $1.s9 per
share on the outstanding capital,
as compared with $l,ll2,7l1 IN
1894.
Evening star., 1936-03-01
STATE AND MUNICIPAL
FINANCING TO DECLINE
Nv the Assoe;s,sd pres.

BY the Associa ted Press.
NEW YORK, February 2s.-New
State and municipal financing sched-
uled for next week by IS municipali-
ties totals only $14,l2l,7s compared
with the revised total of $25,5l9,772
for the last week, it was announced
by the Daily Bond Buyer. The weekly
average for the year to date stands at
$22,654, ,495.
Evening star., 1936-03-01
SALT EARNINGS LOWER,

NEW YORK, February 20 R.-
The International Salt Co., with prin-
cipal plants in New York State, an
nounced 1885 profits OF $30s,771 after
charges, but before deduction of flood
loss items. This was equal to $l.2s a
share and compared with $470, ,3es,
or 81 .s6 = share earnings in 1884.
Evening star., 1936-03-01
HARDWARE FIRMS BUSY.

NEW YORK, February 20 Dr.
Wholesale hardware dealers report q
considerable interest In Spring mer-
chandise. During the last week re-
tailers called for delivery Of Spring
goods ordered early in the. year and
placed additional commitments.
Evening star., 1936-03-01
JONES &LAUGHL|N
LOSS CUT SHARPLY
$398,716 Total Compares
With s2,751,373 in 1884,
$4,471,O48 in 1888.
BY the Associated Press.

BY the Associated Press.
PITTSBURGH. February 2e.-The
Jones g. Laughlin Steel Corp. and
consolidated subsidiaries reported q
net loss og $39s.716 for the year end
ed December 81. 1888, compared with
net losses Of $2.75l,373 in 1884 and
$4,471 .048 in 1888.
The corporation placed net sales
and operating revenues for the year
1885 at $63.553,S41, compared with
$47,982,34l in 1894 and s44.631, ,257 in
1888, and listed total earnings. after
deduction of expenses. at $5,395.716,
compared with s2,451 ,050 for 1884,
and 1882 ,4s5 for 1888.
John r. Thompson Co..
CHICAGO. February 20 CP.-The
John r. Thompson Co., reported 1885
operating loss Of s53,34s, compared
with q loss of $l7l,7l7.in in 1894. The
deficit for 1885 was reduced by ad-
justments from prior years, leaving
$48,169 to be charged to surplus ac-
count Sales totaled $1l,247. .795,
compared with $1l,668,3 ,345 in 1884.
b. F. Goodrich Co.
NEW YORK, February 20 (R.-B
r. Goodrich Co., rubber manufactur-
ers, in q preliminary report for 1885
shows net profit for, the year, after
depreciation, interest, Federal taxes
and deduction of minority interests
o; subsidiaries, of 1929 ,7sl. against
$2,534,67s in 1884. After deducting
profit on sales of securities and nom
recurring items from both years, the
profit from ordinary operations was
$2,7s0,69 in 1885. against 81 ,533, 300
in 1884. Consolidated sales totaled
$118,669, ,013 compared with $103,871;-
TIT In 1894.
Radio Keith Orpheum.
A net profit of $685., ,297 sc for the
year ended December 81 was reported
by the Irving Trust Co, trustees in
bankruptcy for the Radio-Keith-
Orpheum Corp. and its subsidiaries.
A net loss of $310,574.67 was reported
for the period ended December 81,
1894. RI, t@,.
Electric Auto-Lite.
The Electric Auto-Lite Co., leading
independent manufacturer of automo-
bile equipment, with reported net
profits for 1885 Of s2,s08,7 ,7s7, equal.
after charges and preferred dividends,
to $220 q common share. This COM
pares with 1884 earnings Of $l,212,l35
or 7S cents q share.
Johns-Manville Corp.
Johns -Manville Corp, manufac-
turers of building materials with plants
in widely separated sections of the
country, reports for 1888 net profit of
$2,164,S5s after all charges, equal to
$2.19 q share on the common stock
after provision for preferred dividends.
This compares with $749.802,, or 80
cents q common share in 1894.
B0rg-Warner Corp. g
Borg-Warner Corp, manufacturers
of automobile equipment and other
lines, of Chicago, reports for 1885 net
profit Of $6.9S2, ,732, equal to $3.50 q
common share, compared with $780,
576, or $3.06 q share In 1884.
Evening star., 1936-03-01
industrial Index Unchanged
after Sag Since First of Yea1

Steel mill activity moved ahead as
miscellaneous buying and . sturdy
backlog Of rail orders heartened pro-
ducers.
The drop in carloadings was due
principally to the smaller coal move
ment necessitated by milder weather.
Cotton manufacturing and residential
building also were lower. -.
The index, with its seasonally ad-
justed components based on the latest
available statistics and with 1929 80 as
100, follows:
Evening star., 1936-03-01

4oontinusd % Ths1 rsss.l
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
BANK RESOURCES IN
STATE AT NEW PEAK:
Loans Decreased but u. S.,
State and Local Bend
Buying Gained
Daily Dispatch Bureau.
In The Sir Walter Hotel.
sv II g. RASKEARVRT,T

Os
Raleigh, April 23.-Resources of $50
state banks and their f68 branches in
North Carolina amounted to $500, 319,-
708 as of March T. 1886, thus reaching
the highest peak since 1880, Commits
,sioner of Banks Quincy p. Hood an
nOunced today. In March a year ago,
the resources of these same banks a.
mounted to only 1855, 893, 300, so that
the resources have shown a gain OF
$S4, 425, 899 during the past year, Hood
pointed out. In 1880, the total state
bank resources amounted to $312, $685.
246, or only about $12,OO0,OoO more
than the total resources at the present
time.
"The figures contained in this lat
est statement of the condition of State
banks in North Carolina is only an
other indication Of ttie manner in
which President Roosevelt and the
New Deal have helped the banks and
the people in North Carolina" Com
missioner Hood said.
Loans decreased more than S3OOO.-
600 during the past year, while invest
ments in U. S., State and local unit
bonds increased almost $35, 100000
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
TORNADO INSURANCE.
MUCH IN DEMAND
Recent Losses in State and
South Prompted Many
to Seek Protection
Daily Dispatch Bureau.
I'm The Sir Walter .HOrel.

Raleigh, April ga big increase in
the demand for tornado insurance has
developed in almost every section of
the state as a result of the tornado
which struck Greensboro, and the
heavy winds which struck Concord
and a number of other cities early in
April, Commissioner Dan G. Boney of
the State Insurance Department, said
today Complete figures are not yet
available, but Commissioner Boney es-
Inmates that the amount of tornado
insurance written since the Green
boro tornado has increased at least
300 per cent.
"The figures for 1884, the latest av-
ailable, show that the premiums paid
for tornado insurance amounted to ap-
proximately $4,000" Boney said.
Insurance firms Gin every sectioo of
the State have informed that their
tornado insurance business has in
creased tremendously ever since the
Greensboro catastrophe. Many of them
said that for several days after the
tornado they were literally swamped
with applications, and the demand
has continued until the present time,
though not in such great volume
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
TURNER WORKMAN
IS CITADEL GOLFER
Has Helped Highly Rated
Frosh Team to Victories
During Season

Turner Workman is a member of
the Citadel Freshman golf team, and
has played an important part in the
success of the team.
During last week, The Citadel team
defeated University of South Caro-
lima freshmen II to 1 with Workman
turning in three points for his team
In meet with Augusta Junior Col
lege, which the Citadel yearlings cop
ped, Workman got 2 to 1 decision
over his foe.
Reports from the Citadel maintain
that the school has probably the
strongest frosh golf team in the
South.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
BULLDOGS TACKLE
WARRENT0N NEXT
Roxboro Foe This After
noon at League Park;
Owens Pitching Choice

After taking on Roxboro here this
,ftarnoon. Henderson high school
baseball team will so to Warrenton
tomorrow afternoon for a contest
,rith John Grahc,,. high school of that
place
henderson had little trouble in
handling the Warren county lads
here last week, routing them % to 5.
Leland Owens, fast ball pitcher and
a new conner to the squad, will prob
ohIv be sent to the mound.
Avscue worked victory over Nor
lima Tuesday, Inscoe was to hurl to-
dav. leaving Owen and Finch to tan
ole with Warrenton.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23

dual meet with the powerful Duke
cinder team.
This Carolina-Duke affair, always
one OF the most colorful of the sea-
son, will be held in Duke Stadium Sat-
urday afternoon. The meet this year
Will mark the first time that the Blue
Devils will be entering the melee as
top-heavy favorites since the two col
leges began track relations in 1920.
Carolina's most Inexperienced and
up against Dukes most formidable
weakest aggregation in history will be
track collection
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
Doughton Declares Tax Bill
Based On Ability To Pay
CONTINUED from Page One.)

ering tax bill for next session"
1T simply means" Doughton said,
"that the government will take a neu-
trail position between those doing bus
mess in corporate form, and those
doing business as partnership or as
individuals.
1t is basru upon the sound prin-
ciple of ability tc, pay.
1t is a reform that should have been
adopted long ago. It's equity and
soundness cannot be challenged"
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
Has Hoover Come
To End of Road
,fContlnueo from Page One)

Southern Committee to Uphold the
Constitution, the Southern Grassroots
convention of Gov. Eugene Talmadge
of Georgia, the Farmers Independ-
ence Council with farmers" from
Wall Street) and the Crusaders. These
and other groups were organized to
confuse the people, according to Dem
ocrats.
Every one of the organizations con-
tanned the germ Of Fascism, accord
ing to liberals. If any one of them had
been headed by magnetic leader, the
liberals assert, 1sthe United States
might really have found itself within
the grasp of Fascist Mussolini or a
Nazi Hitler.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
: - S.-s~ 4 eas Asx { o%-aissS,s jsSst
AMERICAN LEAGUE
| Results

NATIONAL LEAGUE
Brooklyn 5; Boston 0.
Cincinnati Z; st. Louis 6.
New York z; Philadelphia 2.
Only games played.
AMERICAN LEAGUE
Boston 4; Washington 3.
st. Louis IL; Detroit. 4. 80
Only games played.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23

during the past year o. two, still re-
mains at the high figure of $167 1885,
900, the report discloses. Of this a.
mount, highway bonds accounted for
$92,771, 900, while general fund obliga-
tions reached total of $58,283,0OO.
The next highest Indebtedness was for
special school building bonds, amount
ing to $12,71O,000.
1t was pointed out that the States
balance will show declines in the re-
naming months of the 1885 fiscal
year, especially that of the general
fund, because receipts will be ,consid-
erably less while expenditures will re-
main at high level.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
7odaBB Games

NATIONAL LEAGUE
New York at Brooklyn.
Cincinnati at st. Louis.
Chicago at Pittsburgh.
Philadelphia at Boston.
AMERICAN LEAGUE
Washington at New York.
Boston at Philadelphia.
Cleveland at Chicago.
st. Louis at Detroit.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
HEEL TRACKSTERS
READY FOR DUKE

Chapel Hill, April 23-While the
Tar Heel netmen and golfers open
tournament play and the baseball
team takes things easy prior to a
Big Five Engagement with Wake
Forest Friday, North Cardinals
trackmen aimed to complete their
hard work today in preparation for
tough assignment II the form of
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
Big Income Tax Collections
Push General Fund Up

CONTINUED from rage One.)
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
Makes You Forget
You Have False Teeth

Don't worry about your false teethE
rocking, slipping or wabbling. Pas
teeth, a new improved powder holds
gooey, pasty taste or feeling Eat
laugh and talk with comfort Get Fas-!
teeth from your druggist Three Sizes
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23

1896-Birthday of moving pictures
Edison's Vitascope shown as last act
on Broadway, New York, vaudeville
house bill.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1936-04-23
NEGRO BALL CLUBS
PLAY HERE SUNDAY

The Henderson AA's and Durham
Black Sox, two Negro baseball teams,
will clash here Sunday afternoon at 3
o'clock at League Park.
The AA's have whipped themselves
into fine fettle for the contest, and
should be a sizeable foe for the
visitors to handle.
The public is cordially invited to the
game, and small admission fee will
be charged.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-12

Tavern and Gerald Schaffran,
children of Mr.. and Mrs. August
Schaffran are staying at the Emil
Wolfgram home to be able to at
tend school while the roads are
impossible.
Mr.. and Mrs. Carl Leistikow,
Mr.. and Mrs. Wallace Simpson
and Marie Hensel attended the
theatre at Redwood Falls Friday
evening.
Mr.. and Mrs. Gerald Johanneck
and son, Lawrence accompanied
Miss Lucille Eichten to her home
at Wanda Sunday after the latter
spent the past two weeks with her
sister, Mrs. Johanneck and Mrs.
F. w. Hirsch.
Mr.. and Mrs. Sylvester Baltes
and son, Jerry spent Thursday at
the parental V. C. Hopfenspirger
home at Clements.