davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-30

Some make work out of play and others make
play out of work. g. agE ~
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-30

The best way for this country to profit from the
mistakes of the last is to stay out of the next
one. ''s '..'.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-30

'HEF NOR iG'g 'sNbiug AHI
-,n coz 'rhtr 90 pfulstaguf,i
'rsfaj'r', ~" :.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-30

ney failed to help
her, and she was
executed May II,
1881.
In 1895, the lib
eral Spanish gov
eminent issued a
special stamp in
her honor. II is
shown here.
[. NEA Service, Incl
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-30

..EE&w.
Evening star., 1936-05-10
Government Buying Bolsters
Butter Market after Slump

been taken by Federal buyers since
April %. Authorities believe this rep
resents virtually the volume Of sur
plus that might be expected to come
into the market during the period.
In other words, it was said, the
Government has diverted what would
be an excess amount of butter from
the regular channels Of trade, with
the effect that the market supply has
been held in check!
On April Is cash butter broke more
than 4 cents q pound, one OF the
sharpest declines on record, with
extras" selling down to 20 cents. BY
April 20 the price had dropped an
other II cent and at this time the
Governments buying began.
Observers said no effort was made
to purchase as cheaply as possible,
although the market had declined
gradually to q level about the same
as that prevailing year ago with
extras" selling around ash. 4
Evening star., 1936-05-10
ACTIVITY SLACkENS
IN METAL MARKETS
Slight Decline in Steel Rate Ae
companied by Quieter Condi-
tions Elsewhere.
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 9.-Indications
of a slight seasonal slackening in steel
activity were accompanied by quieter
conditions in the non-ferrous metals
during the past week.
Lead was more active than other
metals although the volume of sales
was smaller than in the preceding
week. Prices were unchanged.
Copper buying in the domestic mar
ket was limited following the large
sales in April but prices held firm
at 91a cents for electrolytic. A fair
foreign demand continued but ex-
port prices were slightly lower toward
the close of the week.
Tin prices eased owing to declines
at London but they were partially off,
set by strength in sterling. New buy
ing was limited. The trade was said
to be inclined to await the results of
the next meeting of the Information
al Tin Committee on May 26.
Zinc remained quiet with new busi-
ness restricted but with large ship
ments to consumers reported against
old contracts.
A fair demand for domestic grades
of antimony was reported at 1s-
cent advance.
Evening star., 1936-05-10
ADVANCE IN LOAN
RATES NO SURPRISE
Banking Circles Believe Present
Schedules Still Out of Line
With Profit Needs.
By the Associated Press.

By the Associated Press.
NEW YORK, May 9.-The credit
situation, on the basis of current sup
ply and demand, appears to warrant
no increase in money rates.
But in spite of this Wall Street cir
cles were not surprised to learn that
the big banks of the financial sector
were planning an advance in their
charges for time and demand loans.
On suitable collateral the banks have
been lending call funds to the brokers
at three-fourths of l pc: cent. Time
loans may be made at l per cent for
maturities for six months or shorter
periods.
While more than double the his
toric low of one-fourth of l per cent,
which ruled for a considerable time
las, year, both for call and time money,
the present rates, it is said in banking
circles, are still out of line with what
the banks believe Is level of profitable
return.
1t Is contended, moreover, that the
slender profit in the business is now
threatened by the added detail work
which the banks have been forced to
take on in conforming to new regula-
tions governing collateral loans for
stock transactions, which became ef-
fective on May l. 49,
Evening star., 1936-05-10
i. s. STEEL SHOWS
SHIPMENTS GAIN
979,907 Tons During April
Largest for Month in
Last Six Years.
BY the Associated Press


NEW YORK, May 9-The United
States Steel Corp. reported today an
increase of 1e6,355 tons in shipments
of finished steel products in April.
Last months total was 979, ,907 tons
the highest for April since 1880 and
compared with 1888 $50 tons in March
and SCI, ,72S in April, 1885.
For four months ended April 80,
shipments totaled 3.161,1 1873 tons COM
pared with 2,376,976 tons in the first
four months last year.
The latest total of shipments in ad-
dition to being the best for April since
1890 were. with one exception, the
highest for any single month since
June of that year when 985, ,337 tons
were delivered.
Steel circles said that an improve
ment in general business had increas-
ed the consumption of lighter steels
and that heavier products had also
moved in better volume, especially
rails.
The rise in shipments for last
month was larger than had generally
been forecast by Wall street sources.
Average daily deliveries for the
rs working days of April were 1889
tons compared with 30,137 for 26 days
in March and 37.897 in June 1884.
Evening star., 1936-05-10
Three Per Cent Bond Issue
Sets NelC Industrial Record

the present is deemed a favorable time
for the venture, if it can be called
that. Both must be confident that the
market is in position to absorb such
large issue at so low a return to the
investor. There is no reason to be-
lieve that this is not the case.
The purpose is to provide funds for
the retirement of an outstanding is
sue Of preferred stock of a subsidiary
on which dividend requirements are
much greater than the interest charg-
es on the new bonds. That alone
would insure a favorable reception for
the latter, inasmuch as the holders of
the preferred stock must have some
substitute investment. No new de-
mands are made on the total of in
vestment resources. Aside from that
consideration, however, the surplus
Of funds seeking employment is a
guarantee of success.
tCopyrisht. 1886. by the North American
Newspaper Alliance. Jnc.l
Evening star., 1936-05-10
PARIS MEASURES CHECK
SPECULATION In FRANCS
Banking Quarters Less Willing to Risk
Open Positions Over Week End
and Gold Flow Dwindles.

gagements of gold in Paris since
April "a amounted to $144,5OO, 900 at
the close of the week.
In New York the franc was .00X
Of cent lower at 6.58as cents, the
British pound sterling was ia cents
lower at $498. Italian Ira reached q
new low at 7.86 cents, off .O1 of a cent
on balance and Swiss francs lost .0l
of a cent at 1892 cents. Holland
guilders. on the other hand, advanced
03 of a cent to 6750 cents and Ger
man marks were 02 of cent higher
at 4047 cents.
In London the dollar was ia cents
higher at 4977s and in Paris the
American unit was only slightly
changed at 6.58 cents to the franc.
Based on the franc at its final New
York rate the dollar was at a premium
of 76-100 of l per cent, compared
with 72-100 on Friday and 64-IOO q
month ago.
Evening star., 1936-05-10
S567,831 EARNED
f. BY UNITED CARBON
Quarters Net Equals $1.42
a Share Against $1.20
for 1885 Period. .
BY the Associated Press

ny lAlc ASSoCihtSu
NEW YORK, May 9.-United Car
bon Co., operating carbon black
plants, natural gas pipelines and
mineral properties in several Western
and Southern States. reported for the
quarter ended March 81 consolidated
net income of $567, 1871, equivalent to
$l4 a share on the capital stock
against $477.632 or s1.21 a share in
the March quarter last year.
Houston Oil Co.
Houston Oil Co. Of Texas and Hous-
ton Pipe Line Co. reported March
quarter net income of $l34,925, equiv
alent to 81 cents share on the per
cent preferred stock against $122, ,083 or
"a cents a share on the preferred in
the same period last year.
New Jersey Zinc.
New Jersey Zinc Co., operating
mines at Franklin and Ogdensburg,
N. j.. and plants at Palmerton and
Freemansburg, Pa. had March quar-
ter net income of $1,074,179, equiv
alent to SIS cents a share on the
capital stock against $106O,88 or 54
cents share in the March quarter
last year.
Great Northern Railway.
Great Northern Railway Co., in a
report for the quarter ended March
81, showed a net loss of s4,128,889,
after charges and taxes, against net
loss of $4,558,634 in the like 1885
period.
Evening star., 1936-05-10
By the Associated Press.

CHICAGO, May 9.-Butter dealers
today expressed the opinion that the
market has been strengthened by
Federal purchasing, most important
factor in the trade the last two
weeks.
To all appearances the buying is
merely a continuation of the policy
of relief distribution followed by the
Government at intervals for more
than two years. Some interests in the
trade have always contended this poll
cy is at least partially of a market
stabilization character despite any,
thing the Government has said to
the contrary.
However, the market effect is the
same regardless of the intent Of the
Government. Many private interests
have shown disposition to wait and
watch, not knowing the extent of the
current program.
4 More than o million pounds have
Evening star., 1936-05-10
1886 PAINT SALES
LIKELY To CLIMB
NEAR 1929 LEVEL
Factory Rehabilitation and
Railroad Maintenance
Are Big Factors.

NEW YORK, May 9.-Several fac
tors promise to bring 1886 paint dis
tribution to around the 1929 level, ac-
cording to new report on the paint
and varnish industry appearing in
Poor's Industry and Investment Sur
veys.
Important among these combining
factors are the rehabilitation pro-
grams of manufacturing plant S
throughout the country, and the re-
sumption of long postponed mainten-
ance programs by the railroads.
With automobile sales exceeding
the 1895 level, it may be assumed that
car manufacturers in 1886 will con-
sumo even more paint than last year."
continues the. report.
Building Is Watched.
However, the biggest lift to paint
sales is expected to come from the
building industry, particularly the
residential construction branch. For
the quarter ending March 81, 1896,
residential construction contracts In
the 81 states east of the Rocky Noun
tains amounted to s123 1886 900, or IS
per cent above the 1885 first quarter.
The shortage of dwellings is still large
and despite the rapid rate of recovery
residential building is still far below
the first three months of 1881.
while percentage gains in paint
sales for the first two months of
1886 were small compared with the
20 per cent sales advance enjoyed in
the full year 1885, the showing was
satisfactory in view of the curtail-
ment in paint demand caused by ex-
tremely adverse weather conditions.
That the situation remained basically
strong was indicated by the fact that
orders on manufacturers books were
estimated at 20 per cent to 40 per cent
above those on hand at the end of
1894.
Higher Prices Forecast.
with a combination of circum-
stances pointing to striking gains in
paint sales this year, the chief de-
terminant of paint manufacturing
profits is likely to be the price struc-
ture
Higher prices for such paint con-
Stituents as china wood oil, linSeed
and perilla oil, lead and zinc. make
it necessary for paint manufacturers
to increase prices on finished paint
products if they are to benefit fully
from larger sales.
THE trade believes that advances of
eight per cent to ten per cent will
be effected by June /, 1886"
Evening star., 1936-05-10
INDUSTRIAL PRODUCTS
GAIN IN EXPORT TOTAL
BY the Associated Press.

BY the Associated Press.
The Bureau of Foreign and Domes-
tic Commerce, in an analysis Of foreign
trade figures for the first quarter,
found non-agricultural products ac-
counted for 7O.4 per cent of all exports
compared with 69.4 in the first quarter
last year.
Finished manufactures contributed
48.7 per cent compared with 46.9 in
the 1885 period. For March the per-
centage of farm products rose to 26.6
from 25.3 in the 1885 month.
Farm products in both quarters
made up more than half the imports.
Evening star., 1936-05-10
BUILDING AND LOAN
BUSINESS JUMPS
Associations Lend More Money in
Six Months Than During En-
tire Year of 1884.
BY the Associated Press

By the Associated Press.
CHICAGO, May 9.-The United
States Building and Loan League said
today that building and loan asSocia-
tions of the Nation lent more money
during the last six months than dur
ing all of 1884.
The six months figure was $483,-
906, 900, Morton Bodfish, executive vice
president of the league, announced.
March loans totaled $81 200, 900, di-
vided among $4,000 families, the re-
port said. This was 19 per cent more
than February, and the highest figure
since October.
Loans for construction of new one
and two family homes were up 49
per cent over February; repair and
modernization loans increased 68 per
cent.
Evening star., 1936-05-10
MOVEMENT OF WOOL
IS SMALL AT BOSTON
BY the Associated Press.

Dy the Associated trek3.
BOSTON, May 9.-(United States
Department of Agricultural The
movement of wool in Boston was small
during the last week. Numerous
buyers, however, were making in
quiries and some offers on fine
original territory wool.
Bids and asking prices we're for the
most part quite distance apart and
about at the same levels as during the
previous week. Few woods were
available at the levels of most bids.
Full asking prices were paid for
wool urgently needed.
Fleeces. despite the lack of volume
business, showed a firmer tendency.
Graded Ohio f1eeces of strictly comb
ing length were quoted mostly at
33a35 cents in the grease for fine, at
34a35 cents for y blood, and at 35a
81 cents for as and 4 blood grades.
Evening star., 1936-05-10
BY the Associated Press.

International dollar rates reflected
mixture of strength and weakness
yesterday at the close of a week re-
plete with dramatic developments CEN
tering on the French franc.
Measures taken by the banking syn
dicate in Paris to restrict dealings in
foreign exchanges to banks tended to
act as a stabilizer by eliminating the
highly uncertain speculative element
that often upsets the well calculated
plans of officials.
The relatively small amount of gold
engaged at the Bank of France-re-
ported to be S6.774 ,OOO-also indicat-
ed international banking quarters
were less willing to risk open posi-
tionS in the metal over the weekend
than they had been since the franc
started to tumble three weeks ago.
With Saturdays total included, en-
Evening star., 1936-05-10
COMMISSION APPROVES
P. w. v. CERTIFICATES

BY the Associated Press.
The Pittsburgh & West Virginia
Railway yesterday received Interstate
Commerce Commission authority to
issue 100000 of equipment trust
certificates, proceeds from which will
be applied to retiring outstanding in
debtedness. The road was authorized
to sell the certificates at 97.75.
Evening star., 1936-05-10
BY GEORGE T. HUGHES
Special Dispatch to The Star.

NEW YORK, May 9.-Announce-
ment of an offering of $85, ,000, 900
debenture bonds, carrying a per cent
coupon, by Standard Oil of New Jer-
sey sets new record for low-cost ref
nancing in this period of easy money.
Thirty-five years ago, or there
abouts, corporations Of unquestionable
credit standing sold bonds on 3 per
cent basis, although then the borrow
ers were railroad, not industrial, Or
ganizations. Recently a few carriers
have issued obligations at 3l2 per cent
and few utilities at 3H per cent.
To Jersey Standard. however, goes the
award for breaking into new ground
in the matter of industrial offerings.
A number of comments suggest
themselves. From the standpoint Of
the corporation, Endorsed by the in
pSa6tmsns haakseA Y u ssidsnt that
Evening star., 1936-05-10
Farmers Seek Releases,

The Commodity Credit Corp. said
yesterday farmers have applied for re-
lease of $50 493 of the 4.5O0, 900 bales
of cotton held under Government loans
since 1894.
The corporation recently announced
plan permitting farmers to with
draw this cotton at price a quarter
of cent pound less than the aver
age market quotation on the preceding
day. The corporation will permit
withdrawal and sale of 100000 bales
and will assume carrying charges on
this amount.
The Farm Administration announced
stocks of the cotton producers pool as
of Friday totaled 2O9,351 bales of spot
cotton and 581, 900 bales of futures
contracts.
Evening star., 1936-05-10
A. T. & T. Discloses
Large Increase in
Operating Income
By the Associated Press

NEW YORK, May 9.-Operating in
come of American Telephone g. Tele-
graph Co. in March, 1886. amounted
to $2,279, ,967, compared with sl,388, 400
in the same month last year
This brought operating income for
the first three months to s5,66l, ,375,
compared with $3,857,353 in the first
three months of 1895.
These figures represent operating
activities only and do not take into
account incorporating income from
which the company derives its princi-
pal revenue.
Evening star., 1936-05-10
SUMMER APPAREL HOLDS
UNCHANGED TO LOWER
BY the Associated Press.

BY the Associated Press.
NEW YORK May s.-Prices on
Summer apparel and accessories, says
Poor's Publishing Co, will be un-
changed or slightly lower than last
year, but next month will see an
uptreud in quotations that should
mark the beginning Of a substantial
price rise for the second half Of the
year,"
Evening star., 1936-05-10
SLASH IN FEDERAL
COTTON HOLDINGS
IS CHEERFUL SIGN
Best Statistical Position
Since 1880 Is Predicted by
Coming September.
BY FRED WILLIAMS.

hsSoSldtcu EIeSS cotton writer.
NEW ORLEANS, May 9-Sale of
100000 bales of Federal loan staple in
a month brought the prediction from
trade sources today that by September
American cotton would be in the best
statistical position since 1880.
From huge total of 10000 bales
of spot cotton and futures. the Gov
ernment'S holdings were expected to be
slashed to slightly more than 100000
bales by the end of this season.
Thus this years crop-the size of
which still is decidedly uncertain-may
enter market in the best shape to
receive it since pre-depression years.
Near 100000 Bales.
When this season started the Gov
ernment held around 5000, 900 bales of
actual cotton, some from the 12-cent
loan, some from the 10-cent loan and
some dating back to the old Farm
Board in 1926. In addition the cotton
producers pools held approximately
goo, 900 bales Of cotton futures.
This stock of staples served as a de-
pressing influence on prices, brought
much criticism to the Government and
kept mills from buying cotton until it
was absolutely necessary.
World Demand Scars.
Suddenly. around last January the
world found it needed cotton badly
and the only place to get it was from
the United States Government. Oscar
Johnston, head of the cotton pool, be-
gan selling from pool stocks and an
eager world demand reduced It's hold
ings from 100000 bales to around 300
600 bales. Then the cotton from the
Government loan was offered April 4.
The avid demand for cotton was ex-
planned as resulting from various fac
tors. Foreign mills, uncertain of what
the American Government planned to
do with its holdings, were Withholding
orders. The same applied to domestic
Spinners.
Evening star., 1936-05-10
DIVIDEND ACTIONS DUE.

NEW YORK, May 9 <P.-The more
important dividend meetings sched-
uled for next week include Eastman
Kodak, Underwood Elliott Fisher, Con-
goleum- -Nairn, Electric Storage Bat
terry. Pennick & Ford. Peoples Drug
and AmaEicAr etareA 4
The Waterbury Democrat., 1936-02-26
DIPLOMAS GIVEN
 NIGHT STUDENTS
D. A. R. Prizes Awarded to Graduating Class Mem.
 hers for Attendance

John A. Walsh, vice-chairman of the board of education presented diplomas to more than one hundred graduates of local evening schools last night ct Wilby auditorium. Forty prizes for good attendance were given out by Melicent Porter post, Daughters of the American Revolution.
 Madeline Stickles talked on "Youth Looks Ahead" and Gerald Covello outlined the courses given in the night schools. Mrs. Amelia Petto was given prize for perfect attendance for three years and Mrs. Mary 5utcoy was presented one for not having missed Q day in five years.
 Prizes were awarded for scholar ship and Q long list of graduates received prizes for having Q per. feet attendance for the seventy-five days of the past session.
 Miss Stickles was congratulated on her work of reading and preparing Q paper by John A. Walsh and he later spoke, urging the graduates to acquire the characteristics she had alluded to in her essay in applying for positions. John c. dilmartin, supervisor of the evening schools was chairman.
The Waterbury Democrat., 1936-02-26
OBITUARY

' DAUNIs--Mrs. Anna Arnitavage Daunis, wife of Casimir Daunis, ot 3e Third street, died yesterday at Uncas on.the.T Thames sanatarium following c long illness. =. . Mrs. Daunis is survived by her Ausband: two sons, Victor and Ca- Wmir: Q daughter, Julia; three krothers, Joseph, John and Peter, Hf Prospect; her mother. Mrs. Mi <laei Arnitavage. also of Prospect; Mree sisters, Mrs. Mary Qedraitis, nf this city, Mrs. Sophie vilkus ana
 6iss Helen Arnitavage, or Prospect'
 Funeral arrangements later.
 m nTEINMAN - Emil Q. steinman, ID, died this morning at his home, s30 walnut street. He was . native If Switzerland. MT. steinman was member of the First Lutheran l,hurch and also of the Townsend iedge of odd Fellows. . N Yge is survived by one son, Emil q of this city; two daughters, Miss Itinily L. eteinrnan and Mrs. A. w. &tipek Of New Britain; six grand. Nhildren and one brother, Alfred 8.
 teinnan of California.
 Funeral services will be held from the Alderson funeral home, 70 Gen. trai avenue on Friday afternoon at n:5O o'clock, Rev. Martin LorenS
The Waterbury Democrat., 1936-02-26

ming to return home shortly.
 MT. Bagley and Mir. Perlgard had been in the habit of taking trips each year. They visited France to- gether Q few years ago. Stricken with appendicities last week, Mr. Bagley was operated on immediate ly at the hospital. His condition grew worse . few days ago and Q sister and brother, Miss Rose Bag ley, R. N, of Brooklyn, New York, and Frank Bagley of this city, went to Miami by plane Go be with him when he died. They will bring the body to Waterbury.
 Former Athlete
 MT. Dagley achieved Q wide repu. tatiUll as an athlete, and especially as Q football player, in, his younger days, and retained keen interest in sports throughout his life. He was captain of bowling team In the local lodge of Elks, of which he was c member and was also Q golf. ing enthusiast. A member of the Post Ofllce Employees association, he was elected chairman of the cofrl- mittee on service relations at the state meeting of UNArOC in Bridgeport last Saturday.
 Mir. Bagley Is survived by his mother, Mrs. Charles w. Bagley; five sisters, Mrs. Timothy sheehan, Mrs. Harold Deeiey, Miss Rose Bag. ley, Mrs. Michael J. Fiaherty, and Mrs. Edward Kearils; four hrothers, John O., James K, Frank D., and Charles D. Bagley, all of this city. The deceased's late father was Q former government einploye and . past grand chief ranger of the For. esters of America.
 The body will arrive In this city Thursday evening and will be tak- en to the home, Bi East Farm street from where the funeral will be held on Saturday morning at 9 o'clock to St. Thomas church where Q solemn mass Of requiem will be celebrated at 0:30 o'clock. Burial will be in Calvary cemetery. Action will be taken by the local postal clerks association and the Water- bury Lodge of Elks at special meet- ings of both organizations.