davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-01-27
EQUITY REVEALS
BIG ASSETS GAIN
S3.12 Per Share Compares
With $1.58 at Close of
Previous Year.
Special Dispatch to The Star.

1btSAoA 0AopotSLl W 4LC OtdA
NEW YORK, January 27.-The an
nual report of the Equity Corp, an in
vesting company, copies of which are
being mailed to stockholders, shows
net assets Of $312 per share of COM
mon stock on December 81, as COM
pared with S1.58 per share on De-
cember 81, 1885.
Total net assets were S32 ,388,1I3. be-
fore deducing the face amount of as
sumed debentures, which figure may
be compared with S25,620,586 on De-
cember 81, 1885.
The report shows the simplifed cap
ltal structure of the group, the prin-
cipal investments of the Equity Corp,
in addition to 15,347, OPT in cash and
general market securities at market
quotations, consisting of so per cent
OF the common stock of American
General Corp, an investing company,
and 36 per cent of the capital stock of
General Reinsurance Corp.
Quarterly Income.
In a preliminary report for the quar-
ter ended January Is, 1887, Mr.. Ross
Beason. president Of Quarterly In
come Shares. Inc, states that cash
dividend income increased 63 per
cent over the same 1886 quarter.
The gain represented an increase
Of S322,22750. from S468,595 for the
quarter ended January Is, 1886, to
s790,822.50 for the quarter just ended.
Gross dividend income for the full
12-month period ended January IS.
1887, amounts to sl,997, ,61975, as
against sl,517,125.45 for the II
months ended January Is, 1896.
Massachusetts, Bonding.
Premiums earned by Massachusetts
Bonding g. Insurance Co. in 1886
totaled sl4,122.6 $50, an increase of
Sl,074504 over the previous year, ac-
cording to the annual report. Net
premiums written during the year ag-
gregated sl4.260,l43, a gain Of 81 per
cent over 1885.
The underwriting profit of S186.I32
$4,000 from 1885.
Investment income (interest. divi-
dends, rents, etc. increased by more
than sl44,000 70 total of s1,O7O,O18
American Business Shares
Report Of American Business Shares.
Inc, sponsored by Lord. Albeit & Co.,
Inc, for the year ended December 81
1886, showed increase in assets from
s4,346653 on December 81, 1885, to
$I7l5.l43. During the year the num-
Der Of shareholders rose from 6.337
to 1928 and shares outstanding from
3.S53,685 to 6,039,933.
Securities carried in the portfolio
were worth S7418,062 on December 81.
1885, as against a cost of s6,249,17l,
comparing with a portfolio valued at
s4,038,76 against cost of S3,5l6,294
year previous.
Evening star., 1937-01-27
FOREIGN EXCHANGES.

NEW YORK. January ~ lPD.-Foreign
others in cents. Great Britain. demand.
S0is; cables, 4;90ls;; ,6o-day bills,
Italy demand 5o6l2; cables. 5'26Ia, De
mapds: Belgium. 1851: Germany free.
40,2 registered. 1880; travel, 20.15;
25.27: Denmark. 2i.sS: Finland 3.I7;
Switzerland. % sc; Spain unouoted: Por-
tugal. 4.47; Greece. ,9012; Poland: 1929;
Austria, 1S.73n: Hungary. 1880: Ru-
mania, .75:. Argentine 32 67n; Brazil.
S.S0l4n; Toxic. 2S.5S: Shanghai. 20 .93;
Hongkong. 30.65; Mexico City. ESQ;
Montreal in New York. 99.9324; New York
in Montreal 100.06l4.
n-Nominal
Evening star., 1937-01-27
RAIL ISSUES LISTED.

NEW YORK, January 27 (Specian
In their weekly Bond Review dis
tributed to clients and branch Offices.
j S. Bache & Co. have attached a
supplement listing a group of de-
faulted roads which seem interesting
in view Of the generally improved trend
Of railroad earnings.
Evening star., 1937-01-27
Federal Officials
Report Huge Cut
In Potato Stocks
BY the Associated Press.

Merchantable potato stocks on Janu-
ary l were reported today by the De-
partment Of Agriculture to total 49,
OIL 900 bushels. compared with 1885,
$4,000 year ago, and 98,253, 900, the
l929-l933 average.
Utilization reports. the department
said, indicated that out Of 303 1897 900
bushels produced last year in the 81
important producing States 81 ,025. 900
were unfit for food or seed.
After deducting the quantity used
on farms and that saved for seed re-
quirements, there were 20l 100000
bushels available for sale for the
entire season in those States.
Evening star., 1937-01-27
,CURBL|ST TAKES
UNEVEN COURSE
Utilities and Few Specially
Issues Move Higher in
Ragged Market.
By the Associated Press.

BY the Associated Press.
NEW YORK, January 27.-Utilities
and few specialties rallied in
ragged Curb market today.
Up fractions to a point or so were
American Gas & Electric, Electric
Bond & Share, Northern States Pow
er "a" United Gas, United Light g.
Power "A" and United Wallpaper.
Gaining around to or more points
were Aluminium Co., Montgomery
Ward "A" and McWilliamS Dredging.
Down fractions to a point or more
were American Meter, Commonwealth
Edison, Pittsburgh Plate Glass and
Mesabi Iron. Newmont Mining yield
ed about 3.
Evening star., 1937-01-27
METAL MARKET.

NEW YORK. January 81 Qp.-Copper
export, 1856. Tin barely steady: spot
and nearby. so, ,12h-25; future. 5000
591o; y. Lead Lead. steady, I,;,. spot New YORK YORK
East ST. Louis spot and future. 500. Iron.
aluminium, antimony. quicksilver, platinum
and wolframite unchanged.
Evening star., 1937-01-27
ANALYSIS PREPARED.

NEW YORK, January ~ Especially e.
Distributors Group, Inc, New York
City. have prepared statistical study
OF Prudential Investors, Inc, and
General Public Service Corp. covering
the period 1930.36, inclusive.
Evening star., 1937-01-27
PHILADELPHIA PRODUCE

PHILADELPHIA, January -27 dP).-Live
poultry: Plymouth Rocks. fancy. 22a23;
Plymouth ROCK, fancy. yellow meated.. 21;
ordinary to fair, 1920; cross-bred
sprineers, 19a2O: Red springers; good
quality I9a2O; Red Springers. 1Sa19: or
binary. 17a1S; Spring chickens. mixed
colors. 17a1s: turkeys. fancy young hens.
22a23: fancy young toms, 17a1S: ducks.
small white. 14aI5: Muscovy, white, large,
Halls: colored. 12a13.
Dressed poultry UNCHANGED.
Evening star., 1937-01-27
NEW YORK PRODUCE.

NEW YORK. January 81 GPl.-Gutter
1926: slightly easier. Creamery, higher
than extra. 33'4a34ls: extra (e2 scoreJ.
seconds (s4-s7 score0, 31a32; centralized
600 score). 33.
Cheese. s9. 2O6: firm and UNCHANGED.
Eggs 35106: easier. Mixed colors:
Firsts. 23a23N: refrigerators. frsts.. 19a
FL: seconds, 1877: mediums unauoted.
Live poultry steady to firm. BY freight.
chickens Rocks. 10: fowls. colored. goa
%; other freight prices unchanged.
Evening star., 1937-01-27
BOSTON WOOL MARKET.

BOSTON. January 81 up Omitted States
Department of Agriculture). e).-Scattered
sales were closed on the fine grades OF
Graded French combing fine territory
wool brought S1.07a12, secured basis.
Fine territory wool in original bags moved
French combing and at 1.OSa1O for lots
running average to good French combing.
Evening star., 1937-01-27
Youngstown Steel
Area Returns to
Normal Activity
By the Associated Press.

YOUNGSTOWN. Ohio. January q.
Industry and transport were back
to normal in the Youngstown steel dis
trict today, after the Mahoning River
fell three feet from its recent crest.
Steel production was back to 80 per
cent of capacity, equaling the 1929
rate, after temporary suspension OF
operations in a few departments of the
mills.
Similar conditions were reported
from the Shenango Valley. another
steel center across the State line in
Pennsylvania.
Evening star., 1937-01-27
MONEY MARKET.

NEW YORK, January 81 9H.-call
money steady: 1 per cent all day. Prime
commercial paper. 2. per cent; time loans
offered: bankers acceptances unchanged
rediscount rate. New York Reserve Bank
1h per cent.
Evening star., 1937-01-27
Washington Exchange
SALES-AFTER CALL.

Washington Gas Light-13 at s5.
City & Suburban 5s-s1,OOo at 81.
$1,000 at 81.
Capital Traction 5s-s1 900 at e414.
Riggs National Bank com.-3 at 355
Evening star., 1937-01-27
FREIGHT LOADINGS.

freight carloadings on railroads reporting
today for week ended January % included:
Week PreVfnus Last
Evening star., 1937-01-27

NEW YORK. January ~ 0Pl.-Railroads
reporting 1886 net operating income (be-
fore fixed charges and other income) today
included:
Evening star., 1937-01-27

Melville Shoe Corp.-Sales, four
weeks ended January 16, were up
35.7 per cent.
Evening star., 1937-01-27

Builder has ground. plans and con-
struetion loan promised for 800 900
Apartment House Project. Want part
ner with $4,000 to complete same.
Should sell at big profit or show . very
large return on investment.
Address Box 485-B, Star Office.
Evening star., 1937-01-27
DIVIDENDS ANNOUNCED

NEW YORK. January 21-Dividends
declared prepared by the Standard Sta
tisticS Corp:
Pc Stk. of Pay
Rate. riod. record. able.
Georgia Home 1nsur luc l-26 81
Evening star., 1937-01-27

Dividend rates in dollars based on last
quarterly or semi-annual payment. tan.
nual rate-not including extras. tAc.
cumulated dividends Paid last year
being in bankruptcy or in receiversl1ip, or
being reorsanized under the bankruptcy
act, or securities assumed BY such COM
paniee.
Evening star., 1937-01-27
DOUGLAS OFFER ACCEPTED.

NEW YORK, January ~ (P.-Own-
ers of the 40 per cent minority interest
Of the Northrop Corp. have accepted
an offer of Douglas Aircraft for pur-
chase Of the stock. When completed.
the transaction will give Douglas COM
plete ownership Of Northrop.
Evening star., 1937-01-27
TREASURY STUDIES
CURRENCY RATIOS.
Need for Some Changes
Reported Discussed by
Monetary Experts.
Ey the Associated Press.

Ey the Associated Press
officials said last night the Treasury
is checking up on international cur
rency relationships to see whether they
are serving the worlds needs
adequately.
Secretary Morgenthau continued,
meanwhile, a series of discussions
which he began with monetary ex-
perts. There was no announcement
from the conferees themselves, but
other highly placed officials said the
conference dealt with the question
whether there should be some slight
realignment of currencies.
1t was emphasized, however, that no
action has been taken and that the
matter has not been discussed with
France or Great Britain, co-partici-
pants under the tri-power monetary
accord.
Reserve Committee Meets.
Coincident with the Treasury ses-
sion, the Federal Reserve Boards Open
Market Committee discussed the DOS
sible effects on credit of the large
existing volume of excess bank re-
serves.
This idle money. over and above the
sum required to be held behind de-
poSits, provides the basis for credit
expansion, and the board has been
concerned lest the present volume
$3.50, ,oO0-lay the foundation for
an unhealthy" credit imitation.
The open market committee, which
directs Federal Reserve policies in
the purchase and sale Of Government
securities. was reported authorita-
lively to have reached no definite
conclusions on whether excess re-
serves should be reduced.
There was no direct connection
between the Federal Reserve and the
Treasury sessions, but the rise In ex-
cess reserves has resulted in part
from gold inf1oWs in the past.
New Cut Opposed.
PARIS, january 27 (P).-Reports
that France planned further deval-
uation of its currency were denied
today by Vincent Auriol, minister of
finance, who said the government
would fight any such move with
every means at its disposal.
Admitting that there had been
Speculations following the devalua-
tion reports. the finance minister
said:
We will not permit an ag:tated
minority, or any agitators, to i'm
pose their will. which is not in con-
formity with the collective interests
Of France nor with private interests
OF an immense majority OF French
men"
Evening star., 1937-01-27
INSURANCE STOCKS

NEW YORK. January - lP.-New York
Security Dealers Association:
Evening star., 1937-01-27

Hobphane Co.. Inc.-Common share
earnings, six months ended December
81, were $1.30 against 38 cents.
Evening star., 1937-01-27
RAILWAY INCOME.

a-Also extra or extras.
g-Declared or paid so far this year,
Evening star., 1937-01-27
Bid and Asked Prices.
BONDS.
STOCKS.
PUBLIC UTILITY

Col. Country Club 512s-- los
W. NJ. Cold STORAGE SIS 100
Evening star., 1937-01-27
Increased.
Regular.

Accumulated.
Jones & Laughlin 9tl
7re pf-------- S2.75 - 3-26 4-iO
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
1886 Christmas Tree Trade
In State Nets SI,25O,OOO.

Approximately 100000 Christmas
trees with a retail value of $1,25O,OOO
were cut in Minnesota in 1886, according
to the state division of forestry.
About 100000 trees were used within
the state and 100000 were sent to
other states, an increase of nearly 10
per cent over 1885. In 1885, the first
year for which accurate figures are
available, total of 100000 trees were
cut, with 100000 being used within the
state and 100000 exported.
The number of trees wasted in 1896
amounted to only fraction of one per
cent, according to state forestry Off
Gals.
A checkup of Duluth Christmas tree
dealers showed a surplus of 742 trees.
In st. Paul dealers interviewed after
CHRISTMAS reported having an average
OF only five to ten trees left over.
Similar conditions We're reported in
Minneapolis.
Several towns in western and south
ern Minnesota reported less than a
dozen excess trees.
Statistics on the Christmas tree in
dustry are gathered by the division of
forestry by tabulating the number of
tags sold to dealers under terms of the
christmas tree control law passed by
the 1885 Legislature.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
ORDER FOR HEARING ON PETI-
TION FOR ADMINISTRATION, APP
POINTMENT OF REPRESENTA-
TIVE AND NOTICE TO CREDITORS

State of Minnesota, County of St
LouiS-Ss.
IN PROBATE COURT.
In the Matter of the Estate of John
O'Connor, Decedent.
Peter O'Connor having filed herein a
petition for general administration
stating that said decedent died intes-
tate, and praying that Thomas j. Carey
be appointed administrator;
1t Is Ordered that the hearing there
on be had on Monday, March LIST, 1887
at nine o'clock A. M, before this Court
in the Probate Court Room in the Court
House in Duluth, Minnesota, and that
all persons interested then show cause,
II any they have, why said petition
should not be granted
1t Is Ordered that all creditors of the
decedent file their claims in this court
within four months from the date here
OF, and that said claims be heard and
adjudicated on Tuesday, June 9th, 1887
at ten o'clock A. NJ, by the Court in
the Probate Court Room in the Court
House in Duluth, Minnesota.
Witness the HON. VIM. j. ARCHER
Judge of Probate Court, this 3Oth day
of January, 1887.
Sheldon Watts, Clerk of Probate
(Seal of Probate Court
Thomas j. Carey, Attorney for Peti-
toner, Ely, Minnesota. 2-4-1I-1s
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
Fashions Editor of

double breasted fashion is giving way
to the one button style. Strictly tailored
jackets that are snugly belted are very
good as are waist length jackets of the
surplus type. The length varies. Its
high is the waistline and it's low the
hip. That which is most becoming is
that which is right for you
The digger" coat is something that
will please the young and the not so
young. 1t gives added swank to the
youthful figure and it hides the not
SO youthful. The "jigger'' is fingertip
length Swagger coat that ripples from
the shoulders with more than the usual
fullness. 1t is excellent in cameIs hair
and 1t is also fashionable in bright or
pastel colored heavy wool. 1t was given
its name in Hollywood. It is known in
the midwest as the baby sWagger
coat. The movie stars say the digger"
makes any woman look smart.
There is new color that women all
over are going mad about Perhaps
you have already seen it. 1t is called
red earth" and makes you think of a
clay bed which the setting sun has
turned to dusty rose. 1t is newest of
the new and most women find it
flattering color. Those who can't wear
1t next to their faces will find a "red
earth kid handbag is the solution.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
Fa4kion4
BY MARJORIE ELLIS McCRADY
Fashions Editor OF
THE MINNEAPOLIS JOURNAL

Minneapolis, Feb. 4-Iron gray or
gunmetal flannel used for suits and
dresses is one of the fashions that has
been established by the London spring
openings. Worn with scarlet acces-
series it makes a dashing outfit also
worn with white or regimental blue.
Another fashion Endorsed by the Lon
don openings is the use of red fox as
trim for coats and costume suits.
That it is going to be another jacket
year is good news for all of us. Jackets
make one dress look like several Wear
white flannel or piquet Jacket with
your dark sheer wool or silk, making
your one dress appear a whole ward
robe. 1t is fashionable idea as well
as practical one
Speaking of these jackets you will
want to know just how they are styled.
There are variety of silhouttes that
are in vogue this season, so We will
take them one at a time. There is one
definite rule for shoulders. They are
accented but not stiff in appearance
or exaggerated. Sleeves are short and
pulled, elbow length and square of full
length and trim. WaiStlineS are not
pinched, but they are small and
moulded and many of them are higher
than ever. At the lowest they are at
the normal line. Yoked and shirred
backs are excellent for jackets. The
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
WHAT OTHERS SAY.

Fred N. Maxi of Hibbing-The federal
government will be taking a forward
step when, and if, as it proposes to do,
it places places the CCC on per-
manent basis. Up to this time the CCC
has been a vital factor in helping the
youth Of today in obtaining employ
ment and We hope it continues. The
world silently condemns the youth OF
idleness and confers its slightest honor
upon the untiring worker. Millions of
young mature minds, with good judg-
ment, are wasted for lack of suitable
employment. IdleneSs among youth is
not good physically or mentally and it
certainly help crime to flourish on a
large scope. The youth of today is also
given an opportunity to support him
self and also to send most of his earn
ingS home. The CCC, in rebuilding
men, contributes to human welfare.
1t helps to keep the body and mind
healthy. Rebuilding forests, it helps
lay the foundations for permanent
economic prosperity. The work they
do is noncompeitive with industry.
The CCC has taken the lead in the
expansion Of forest work in Minnesota
by protecting our forest resources that
exist and by rebuilding the forest and
planting seedlings on lands that have
been destroyed by fire and that are
not fit for agricultural purposes. 1t has
built thousands of roads into forests
that we could never reach before. 1t
has truly opened the forests to the
people for recreational as well as other
purposes.
Timber is the best portland crop
we have. These poor lands in Mime
sofa can be made to produce timber,
of which there is shortage. This state
imports millions of feet of timber Tor
our own needs from the west coast and
elsewhere. Our annual transportation
bill runs into the millions of dollars
this is the price we pay for not having
protected our forest resources or for
not producing another forest crop on
our millions of acres of idle, tax-de-
linquent, non-agricultural lands. Idle
land pays no taXes-builds no roads,
towns or schools.
The CCC has been extremely impor-
tant in protecting our forests from
fires and in fighting fires. Fire is the
worst enemy of our forests. Forty-oue
million acres are destroyed annually by
fire in the United States ct takes
years to grow a tree but minute to
destroy" Nature stands ever ready to
help rebuild our forests and the CCC
has truly been working with nature
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
Six Teams Entered in Lodge
Championship Games Here
February ~ and %.

Arrangements for the annual Min
nesota state basketball tournament Of
the South Slavonic Catholic Union
lodge teams were inaugurated Sunday
when athletic advisors Of the various
lodges met with supreme officers of the
organization at the home Office of the
Union in this city.
Six teams are entered in the champi-
onship event which will be held Satur-
day evening and Sunday afternoon,
February 81 and %, in the Memorial
high gymnasium. Teams entered are
the Rangers, Lodge No. l; GopherS, No.
2; Arrowheads, No. 1874; HawkeyeS, No.
200, all of Ely; Jubileers, No. 80, CHS
holm, and Gil-Min, No. 1872, Gilbert.
Soudan, Aurora and Eveleth lodges ad-
viSed the tournament committee that
they will not have entries in the tourn-
anent this year.
The supreme board Of the Union has
allotted the sum of $3.50 to be used in
financing the tournament. Part of that
sum will be used to pay expenses of the
out-of-town teams, Gilbert and CHS
holm. The remainder will be given out
as prize money as follows:
S25 for the championship team; SIS
for the runner up, and $3.50 for the con-
ISOLATION winner. The prize money will
for the promotion of athletic activities
In addition, the teams will compete for
the S. S. G. U. Minnesota basketball
championship plaque which is now held
by the Rangers of Ely who have two
legs on the trophy having won the title
in 1885 and 1885, The plaque becomes
the permanent possession Of the lodge
team winning the championship three
consecutive years.
The draws for the tournament made
at the meeting Sunday are as follows:
Saturday evening, Feb. 81, game one,
Rangers, Ely, versus Arrowheads, Ely;
game two, Gophers, Ely, versus Jub-
Ulcers, Chisholm; game three, Hawkeyes
Ely, versus Gil-Min, Gilbert. The three
winners of the first nights games will
draw to determine who will play in the
Semi-final game and the winner of the
semi-finalS will meet the third team in
the finals. Semi-finals and finals will
be played Sunday afternoon, Feb. %.
Stanley Pechaver, Ely, has been
named chairman of the tournament
committee with Louis D. zgonc, Ely,
secretary. Other members of the COM
mittee are athletic advisors of the vari-
Gus lodges, Joseph Kovach, Lodge l.;
Anton zaverl, Lodge 200; Joseph Sayo-
Vitz, Lodge 1874, all of Ely; Louis A.
zgonc. Lodge 1872, Gilbert, and Louis
Valentine, Lodge 80, Chisholm.
Members of the supreme board who
were at the meeting Sunday include
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
|&&!;i|?|:::::s;'? =: :,
10 VIE JatstyMan HS

What do you do for frost bites? What
are the symptoms of frost bite?
The affected part of the body be-
comes painfully cold and then suddenly
the sense of feeling in that part is
gone. The affected part becomes white
or grayish white in color.
Keep the patient away from fire or
warmly heated room.
Apply palm of hand, wool, or fur to
affected part.
Massage the parts very gently, then
apply cold water.
Apply ointment as you would to a
burn because frost bite is the same
in effect.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
Woman Locked Out
Found In SnOlU.

Brainerd-Because a string which
opened a storm door was broken. an
aged woman here could not return to
her home and she was found by police
men sitting in snow drift She had
gone out through the back door to get
some wood and upon returning had not
been able to open the door. She tried
70 cross the street to a neighbor's house
70 get some tools with which to Dry
open the door, but became confused.
lost her way, and finally was exhausted.
she was saved from serious injury or
possible death from exposure by the
policemen who found her and took her
to hospital.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1937-02-04
S. S. 6. u. Launches Plans
for State Basket Tourney

Anton ZbaSnik, secretary; Louis Cham
pa, ST., treasurer; Joseph Mantel, first
vice president; Frank TonSich, assist
ant secretary, all Of Ely; Paul Bartel,
president, Waukegan, Ill; Paul Oblock,
second vice president, Center, Pa; An
ton Terbovec, editor-manager of the
official organ, Cleveland, and John
Kumse, Lorrain, O.; Janko Rogelj,
Cleveland: Frank Vranichar, Joliet, ILL.,;
Andrew Milavec, Meadowlands, Pa.
Matt Anzelc, Aurora, Mimi, trustees.
A small charge will be made to see
the games with one price of admission
good for both days to all games. Juv-
emile members of the S. S. c. U. will be
admitted free as guests Of the Union
but must first obtain credential cards
from their lodge secretaries to gain adj
mittance.