davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1937-06-08

who withdrew from the organiza-
ton, Arthur L. Johnson, said he
had informed Townsend You have
MT a single congressman behind
you"
Johnson, who was chairman of
the Townsend plan legislative COM
mittee, said he wrote Townsend a
letter saying:
1.-The entire congress is against
you to a man, doctor. BY your
words at this meeting Qast week.
you destroyed the last vestige of
support you ever had in congress.
The consensus of opinion on the
hill is that the Townsend name is
the greatest handicap the general
welfare act carries, not only in
congress but outside among the
labor and industrial groups"
Imperial Valley press., 1937-06-08
INDIANS ELEVATE WOMAN

FORT WASHAKIE, Wyo. W.P)-
The Arapahoe Indians, who share
the Wine River reservation with
the Shoshone tribe, have shatter-
ed tradition again by elevating Mrs.
Nellie Scott Burns to the position
of chairman of the tribal council
of chieftainS.
Imperial Valley press., 1937-06-08
$4,000 IN GROUP
FUNDS WITHHELD

CHICAGO June NPJ. w. Bnon resigned general manager
today he would
withhold the board of directors
money among of
subscriptions to the Townsend Weekly
Imperial Valley press., 1937-06-08

BOSTON, June 8. U.p)-William
Powers carefully locked all the
doors of his automobile when he
parked it as the curb. A half hour
later he returned. The doors were
still locked-but the steering wheel
had been stolen.
Evening star., 1937-03-28
GAINS 0BSCURED
BY LABOR TROUBLES
Standard Statistics Points Out
That Business Holds Highly
Satisfactory Levels.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 27.-In its
weekly summary of the general busi-
ness situation, the Standard Statistics
Co. Of New York currently comments
as follows:
THE tense labor situation prevail
ing throughout the country has al
most obscured the fact that general
business activity is being maintained
at highly satisfactory levels. With the
exception of automobile production,
which has been curtailed by the
Chrysler strike, all major indexes of
industrial activity are continuing to
rise, or are at least holding their
previous gains, with definite progress
being made by steel production, elec-
trio power output and carloadings.
1T is readily apparent that the
current labor movement is not strictly
a recovery phenomenon. True, labor
disturbances have usually been wit
messed in period Of rising business
as labor attempts to obtain q larger
share Of industrial profits, but in the
present instance the wage factor has
been of secondary importance.
THAT the c. I. O's efforts are
currently directed toward obtaining
sole bargaining rights for all workers
in all major industries is obvious. If
such efforts are successful, probably
the strongest political group this
country has ever known will be in
existence"
Evening star., 1937-03-28
MEMBER DEALINGS
IN STOCKS SHOWN
1877 Per Cent of All-Round-Lot
Trading on Big Board Comes
Under Classification.

BY the Associated Press
The Securities Commission reported
1877 per cent of all round-lot trans
actions on the New York Stock Ex-
change and 1875 per cent of all
round-lot transactions on the New
York Curb Exchange during the week
ended February 27 were executed for
the accounts of members of the re-
spective exchanges.
Transactions for members accounts
on the stock exchange accounted for
6.44 per cent of round-lot transac-
tions initiated on the floor of the
exchange, 425 per cent of those in
itiated off the floor, and 901 per cent
of specialists transactions
The commission said round-lot
transactions on the stock exchange
during the week totaled 1871 700
shares or 142 per cent larger than
reported by the ticker, and on the
curb exchange 4032,660 shares, or
13 per cent more than shown by
the ticker.
Evening star., 1937-03-28
Foreign Markets Are Firm,
Despite Political ANXIETY

Chamber. This outweighs anxiety over
Mussolini's outbursts, which were not
taken tragically in financial circles.
Better news on the American labor
situation further stimulated cheerful
ness at the end Of the week, generating
renewed rise in tin, copper and
rubber. Meanwhile, wheat is still
strongly advancing, partly on ab-
normal German and Italian buying
which, in the markets view, denotes
fear OF higher prices coming, but has
no sinister meaning.
The general position as to the out
look is unchanged. from a week ago
and attention after Easter will largely
concentrate on the possibilities OF
the approaching budget, from which
no new drastic taxation is now ex-
pected.
(Copyright, 1887, By the North American
Novspapsr Alliance. lnc)
Evening star., 1937-03-28
Broad Recovery Stimulates
Business Machinery Demand

due to improved economic con-
ditions and to the demands Of new
social and industrial legislation, there
has never been such a market for
oflice appliances and equipment" he
said.
Prom executives attending the show
I have learned that there are few
equipment manufacturers who are
not far behind their orders. Social
security itself has opened up an en-
tirely new field within the industry
Long deferred replacement of obso-
lete equipment alone has built up an
incalculable backlog Of potential de-
mand."
Tupper estimated the prospective
gross OF the business machines in
dustry at upwards OF $750,O00,000 be-
fore 1888. Three or four larger firms.
he said, will probably do business
totaling $3.50. 100000 during the year.
Evening star., 1937-03-28
HUGE GAIN SEEN
IN EARNINGS Of
CHEMICAL FIRMS
Rise Exceeds Improvement
of Sales in Many Cases,
Poor's Reports.
Special Dispatch to The Star.

NEW YORK, March 27.-Due to
broadening industrial activity with
consequent increased demand for
chemical products the chemical in
dustry is continuing the excellent
progress Of 1886, it is reported in an
analysis appearing in Poor's Industry
and Investment Surveys Sales OF
chemical products for last year are
estimated at II per cent to Is per cent
above those Of 1885.
In many cases increases in earning
power exceeded the sales gain" the
report states. Moreover, these strik-
ing profits were recorded despite
chemical price levels considerably be-
low those of 1929 This attests to
steady gains in efficiency.
Adverse Factors Cited
Despite the favorable outlook for
the industry as whole, the prospects
for certain chemical branches are
obscure. Although sulphur ship
ments have increased materially, the
Texas Legislatures proposal to ad-
vance the taxes on sulphur from ST O3
to 50 ton will check profits. Prices
for commercial alcohol remain rela-
lively low. Moreover, sales of anti
freezes during the unusually warm
Winter months were we'll below nor
mai levels.
Current indications are that manu-
facturers Of fertilizer. whose business
is subject to wide fluctuations. will re-
port for their fiscal year ending June
80, 1887, earnings well above those
registered in the preceding year.
Farm Gains Help.
For some months the price struc-
ture has been firm, and sales are con-
siderably above those of year ago.
With farm incomes continuing to rise
and with large crops to be planted, it
is apparent that distribution of fer
tilizer will continue to increase during
the Spring months.
"Sounder basically is the position
of concerns manufacturing general
chemicals. Because of steadily rising
industrial activity, particularly in
heavy lines, profits for the first quarter
Of 1887 should be much better than in
the opening three months of 1886 I'm
less an unfavorable turn takes place
in the industrial trend in later months,
earnings for the full year should ex-
ceed the 1896 aggregate"
Evening star., 1937-03-28
B0E|NG PROFITS
CLIMB BTO$168,S4
1896 Net Compares With
$333,799 Deficit for Pre-
ceding Year.
By the Associated Press

NEW YORK, March 27.-Boeing
Arplane Co. earned consolidated net
profit in 1896 of s168,364, equal to
1925 cents a share on the capital
stock, the company's annual state
ment disclosed today In 1885 net loss
was $333,799.
Stockholders will meet April 20 to
vote on proposal to increase the
capital stock to 100000 shares from
100000.
Neisner Bros.
Neisner Bros, Inc, operating chain
stores in 16 States, reported for 1896
consolidated net income Of s1,l56,331,
equal after preferred dividends to 81 80
share on the common stock. This
compares with $904,760, or $3.50 q
share in 1885.
Continental Roll.
Net profit Of Continental Roll &
Steel Foundry Co. for 1886 was re-
ported today at s585,575, equal after
dividend requirements on the pre-
ferred stock, upon which there are
accumulations, to $1,78 share on
the common. In 1885 the company
earned $40,l62, equal to $134 on the
per cent preferred.
Eastern Gas Il Fuel.
Eastern Gas & Fuel Associates, an
affiliate Of Koppers Co., reported =
total income of $10,480,389 for the
year ending February 49, The report
stated payment Of all taxes and divi-
dends would leave deficit OF 1894, ,153.
Coal sales tonnage showed 16 per
cent gain over the preceding year, but
coke sales tonnage decreased per
cent
Per Share Earnings.
Corporate earnings statements re-
leased during the week, showing profits
per share, included:
Evening star., 1937-03-28
STAPLES ADVANCE
TO ANOTHER PEAK
ASDEMAND SCARS
Steady Drop in Supplies
Brings New High Point
Since Late 1929.
BY A. A. PATTON,
Associated Press Statlstician

NEW YORK, March 27.-Sucked up
in the vacuum created when short sup
plies met heavy demand commodity
prices chalked up the eighth con-
secutive weekly advance in the latest
period to the highest point since late
1929.
Spot inventories of many staples
have declined steadily for months.
This has been especially true among
those items dominated by foreign pro-
ducers working under restriction
agreements such as rubber. copper, tin
! and the like
This situation, coupled with demand
industry and worldwide armament in
creases. created a sellers market.
The Associated Press weighted index
of 35 important wholesale commodities
rose to 9652 per cent of the 1926
average from 1886 in the previous
week, and compared with 7416 a year
ago.
Farm Prices Jump.
Live stock, industrial and agricu1-
tural staples swung up to new tops for
the year or longer Food and nom
ferrous metals were also higher Tex
tile prices eased slightly as silk dipped
Grains turned in the most sensa-
tional performance, pushing ahead
sharply as exporting countries dis
played tendency to hold off the mar
ket for higher prices and large i'm
porters upped their bids to get delivery
Wheat swept to an eight-year peak
on reports of continued dryness in the
Winter wheat area and heavy demand
abroad. Corn. oats, rye and cotton
shared the upturn.
Live stock improved as the Depart
ment of Agriculture predicted higher
prices over the coming months. Hogs
and cattle rose and lamb slipped back
rather sharply.
Industrial Materials Up.
Industrial commodities continued
their long string of advances that has
been almost uninterrupted since Au-
gust, 1886. Rubber jumped ahead on
strike news from the East Indies plan
tations, which limited smaller supplies
would be forthcoming shortly in spite
of the unusually strong demand from
manufacturers here. Bituminous coal,
tin, steel scrap and linseed Oil we're
marked up, turpentine yielded a frac-
ton
Foods were higher after tagging in
the uprush of recent weeks. Sugar,
flour, lard and butter concurred, while
eggs and cocoa fell.
The index, with its components
based on 1926 as 100, compared as
follows:
Evening star., 1937-03-28
Larger Production
To Curb Initiation
Trend Is Favored
By the Associated Press.

PORTLAND, Me, March 26-James
r. Bancroft Of Boston, president Of
the American Institute of Finance.
said today the country needs longer
hours and increased production to
stem price rises instead Of shorter
hours and less production.
zone Of the silliest things that has
developed in the recent conflict over
revision Of the United States Supreme
Court" he said in an address prepared
for delivery before Casco Bank &
Trust Co. directors, "is the effort Of
some administration leaders to con-
vince the country the Government
needs more powers-to control infla-
ton.
Perhaps the best way to avert infla-
ton would be to take away some
powers the Government now has he
continued.
Evening star., 1937-03-28

lCl WIG plSSIUcI1t
and cashier, Hamilton National Bank,
and also a former president of the
bankers association, has been named
vice chairman, and the following bank
officials selected as members OF the
committee:
Robert V. Fleming, president Riggs
National Bank; Francis G. Addison,
tr., president of the Security Savings
& Commercial Bank; Clarence F.
Burton, president of the City Bank;
Victor B. Deyber, chairman of the
board of the Second National Bank
Henry H, Mckee, president National
Capital Bank; Lanier P. McLachlen,
president McLachlen Banking Corp,
Howard Moran, vice president Amer
lean Security & Trust Co.; Maurice D.
Rosenberg, president Bank of Com
merce & Savings; Frederick P. II.
Siddons, secretary American Security
& Trust Co.
Chairman Doing stated yesterday
that announcements will be made If
speakers and topics as soon as his
committee has received acceptance
from those selected and invited 1t is
expected this years convention will
have an unusually large attendance.
Hoover New Board Chairman.
Directors of the Terminal Refrig-
Grating & Warehousing Corp. have
elected William D. Hoover chairman
of the board to fill the vacancy caused
by the death of Clarence F. Nor
ment, sr., which occurred a few days
ago. The new chairman has been
Evening star., 1937-03-28
BY the Associated Press.

CHICAGO, March 27-Booming
business has injected stimulating tonic
into the industry that makes business
machinery.
The handy Office gadgets that speed
up and systematic the functioning
of business have been selling in record
breaking volume, manufacturers dis
closed today.
Business makes more business" "
was the story at the hotel show in
Chicago this week, where manufactur-
ers from all over the country had
their products on display at the first
efficiency exposition" since 1881.
Frank E. Tupper of New York,
veteran head Of the National Business
Show for rs years, said more machines.
equipment and supplies will be Re-
quired to handle 1887 business opera
tions than ever were produced In any
ether year.
Evening star., 1937-03-28
d. C.. STORE SALES JUMP
40 PER CENT ABOVE 1886
Belated Easter Buying Pushes Volumes
37.4 Per Cent Ahead of Previous
Week.

upswing over the previous week as well
as in 1886, the largest number of Wis
itors in many months.
Enlarged retail trade was reported
from all the rest Of the fifth district
There was also rush of wholesale
flll-in orders Baltimore had many
orders for Fall goods. Norfolk and
Charleston, S c., reported extra good
business. With the exception of few
bad days of ice, snow, sleet and rain,
the whole Easter season will show
fifth district retail sales well ahead OF
1896.
Baltimore retailers anticipated an
increase of from 10 to IL per cent and
placed the blame for no more ''formid-
able" buying to an early Easter, the
Associated Press said.
Evening star., 1937-03-28

Under a belated rush of Easter buy
ing Washington department store
sales surged 374 per cent above the
previous week, with all stores sharing
in the upward movement, the Com
merce Department reported yesterday
in its review covering 81 important
cities Sales were also 40 per cent
above the corresponding week last year
when Easter came at later date.
Bank clearings in the Capital totaled
$22,966945 for the week compared
with s27,0Q1 ,160 for the previous week
and $l8, ,l44,478 a year ago. The value
of building permits in Washington was
S659, 200, compared with s8l2,l1O in
the previous week and the much lower
figure of $347,800 in the like week last
year. Tourist business showed sharp
Evening star., 1937-03-28
SHARP DROP RECORDED
IN EXCESS RESERVES
BY the Associated Press.

BY the Associated Press.
NEW YORK, March Excess"
reserves of Federal Reserve member
banks fell $l80,000,0O0 in the latest
week as income tax payments cut
balances Of taxpayers. corporate and
individual, throughout the country.
A further sharp decline is expected
in banking circles when the final boost
in requirements becomes effective
April l.
Reserves Of members above the legal
minimum, reported by the Federal
Reserve Board, compared as follows:
Week ended March 24--$1 ,270 900, 900
Previous week - 1,450, 900, 900
Same period last year. 2,315 ,000, 900
Evening star., 1937-03-28
ARGENTINA TO RETIRE
SINKING FUND BONDS

By the Associated Press.
NEW YORK, March 27-The Ar
gentine Information Bureau an
nounced today that approximately
100000 had been deposited with
J. P. Morgan & Co. and the National
City Bank for the retirement of all out
standing Argentine government ex-
ternal sinking fund per cent gold
bonds due October l, 1859, and SINH
lar issue due October l, 1860
1t had been previously decided to
refund the two issues, but officials de-
cided upon retirement with the aid Of
treasury cash resources, as the
new issue,
Evening star., 1937-03-28
INVESTMENT COMPANY
STOCK INDEX DROPS
Special Dispatch to The Star.

NEW YORK, March 27.-The in
vestment companies common stock
price index declined with the general
market last week, according to the
averages compiled by Distributors
Group, Inc
The average for the common stocks
for 10 leading management companies
influenced by the leverage factor stood
at 2603 at the close of March Is, COM
pared with 26.46 on March 10.
The average of the mutual funds
closed at l747 on March 26, compared
with 1857 at the close of the previous
week.
Evening star., 1937-03-28
KATY WILL PAY
INTEREST ARREARS
Prospect for Further Rise
in Earnings Prompts
Bond Decision.
By the Associated Press.

ST. LOUIS, March 27.-Matthew S.
Sloan, board chairman and president
Of the Missouri Kansas Texas Lines,
said today prospects of continued in
creases in revenue prompted the rail-
roads decision to pay two of its five
past-due semi-annual per cent ad-
justment bond interest coupons.
For the II months ended February
%, he said, the Katy earned fixed
charges and interest on the bonds.
The two coupons, totaling s678878,
will be paid on April l.
The railroads operating revenues for
March will be approximately per
cent over March of last year, indi-
eating general Spring business pick
up Sloan declared. He said South
western wheat prospects were the
brightest since 1881 and cit seems
certain that the Souths cotton acre
age will be materially increased"
Sloan announced contracts have
been let for the construction OF s5,OOO,.
600 of new freight and passenger
equipment and that work also Is
under way on the company's slo,o00,-
900 track and equipment improvement
and betterment program.
Other Carriers Report.
NEW YORK, March 27 tP.-Net
operating income Except for fixed
charges and other income) of railways
reporting today for February included: ::
Evening star., 1937-03-28

was as attorney and trust officer
Born and educated in the Capital,
he was graduated from the George
town Law School and began his busi-
ness career as an official in the Real
Estate Title Insurance Co.
He is a director in the Norfolk g.
Washington Steamboat Co., a 33d
degree Mason and member of sew
eral clubs and other organizations
and has been vice chairman of the
Terminal Refrigerating & Warehous-
ing board for long time
Clarence F.. Norment, jr., was elected
q director at the same meeting. to
take his fathers place on the board.
He is president of the Norfolk &
Washington Steamboat Co.
Columbia Declares Dividends.
Directors of the Columbia National
Bank have declared a dividend of So
per share, President Frank j. Stryker
announced yesterday, of which $l.5O
per share will be paid on April l to
shareholders of record March 26.
The other 81 SO will be distributed on
July l to stockholders of record
June "a.
The McLachlen Banking Corp is
distributing to depositors and others
a little booklet on Questions That
Are Asked About Banking" The
answers are short, right to the point
and replete with information. Some
OF the subjects discussed relate to q
depositor's money after it is put in
the bank, obligations of patrons, what
is meant by capital and surplus,
measures of banks strength, how
banks pay their expenses, who can get
loans and the advantages of checking
accounts. There is certain to be q
lively demand for the booklets, as
they cover about every question that
even enters bank patrons mind.
Election Of Stanley D. Willis as an
additional trust officer at the National
Metropolitan Bank was reported dur
ing the week. He has been the bank IS
attorney for long time and is al
ready familiar with the Metropolitan's
expanding trust department.
Exchange Prices Steady.
The week wound up on the Wash
ington Stock Exchange with Wood
ward & Lothrop preferred figuring
in several small lot sales at 100, un-
changed from the last previous sales.
Potomac Electric Power 5l2 per cent
preferred again moved at 1l2R.
Other prices were firm.
Mergenthaler Linotype, which sold
down to 49l2 during the week, closed
with 48 bid for the stock and so
asked. A few days ago Washington
Railway g. Electric common stock
appeared on the board for the first
time this year, selling at $725 share.
1t Is the highest priced stock on the
exchange and pays dividend OF $50
year.
Evening star., 1937-03-28
BY LEONARD J. REID.

BY Gable to The Star.
LONDON, March PA short busi-
ness week, with the principal London
markets closed from Thursday night
until Tuesday morning, began under
the influence of heavy continental
liquidation, which, however, ceased
Wednesday, facilitating revival in Sc
curities and commodities.
Notable resisting power to European
political alarms was revealed by home
bonds and stocks. The near approach
of Easter restrained volume Of trans
actions, but the tone at the close sug-
gests that renewal of active markets
after the holiday could be stimulated
by any good news.
A reassuring factor was the calm
firmness restored in the Paris Bourse
on Premier Blum's victory in the
Evening star., 1937-03-28
CHAIN DRUG VOLUMES
INCREASE IN FEBRUARY
Fy the Associated Press

BY the Associated Press.
February chain drug store sales ad-
vanced SIS per cent over January, the
Commerce Department reports, and 3
per cent over the same month year
ago.
The greatest advance over February,
1885, was recorded In the East North
Central States, where the riss was
10 per cent.
Evening star., 1937-03-28

one of the di-
rectors for sew
eral years.
Mr.. Hoover is
one of the best
k n o W n bankers
in the Capital,
now being chair
m a n Of t h e
board of direc-
tors of the Ma
tional Savings &
Trust Co., after
serving as preSi-
dent of the bank
for Is years. His
first connection
with the bank
Evening star., 1937-03-28

Bankers AsSocia-
ton. has been
appointed chair
man Of the Pro-
gram Committee
for the aSsocia-
tion's annual con-
vention to be held
May 27-31 at the
Greenbrier, White
Sulphur Springs,
w. Va, it was an
nounced by Act
ing P r e S i d e Il t
Thomas J. Groom
yesterday.
Wilmer J Wal
Evening star., 1937-03-28
DOING APPOINTED
COMMITTEE HEAD
F0RBANK SESSION
Former Chief of District As
soCiation to Lead Pro-
gram Group.
HOOVER is CHAIRMAN
OF STORAGE COMPANY
Well-KnoWn Banker Will Head
Board of Terminal Refriger-
ating & Warehousing
BY EDWARD C. STONE.

Charles H. Doing, first vice president
Of the Washington Loan & Trust Co.
and former president of the District
The Washington times., 1937-10-30

FIREPLACE-When planning
to buy fireplace implements-or to
have screens and hoods installed.
don't forget that one of the pretti-
est and most easily cleaned subs
tanceS is COPPER,
The Washington times., 1937-10-30

'the water thoroughly drained to
prevent freezing and bursting the
pipes. Water in most bathroom
traps, except possibly the wash
bowl, must be pumped out in most
cases.