davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-11-17
By the Associated Press.

~ HICAGO. Nov. l7-Indiana
I football fans at last are going
to get another look at that
~ team they have been hearing
so much about lately-their own Hoo
siers-in the old oaken bucket battle
with Purdue Saturday.
The Hoosiers of 1887 are rated as
the best Indiana eleven in years.
BY conouering the unfortunate Boil
ermakers they can finish third in the
final Big Ten standing-or even find
themselves champions, provided some-
thing happens to Minnesota and Ohio
State.
But Hoosier fans have learned sec
ond-hand about the achievements of
Bo McMillin's team. due to sched-
ule which listed only three home
games out of eight Saturdays of &C
ton. Most of the swell things the
Hoosiers have done happened since
October is, when they beat Illinois.
Before that, Indiana fans saw their
favorites down Centre in the OPEN
ing game of the season and heard
about how they held Minnesota to a
One-tOuchdOV'n decision
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Business
BorometerS

Failure Of Congressional lead
ers to do anything about Presi-
dent Roosevelt'S recommendation
that the Trade Commission make
a broad investigation of retail
price-fixing practices is considered
significant. ANY hint that the
White House wants something
usually produces an avalanche of
bills from bandwagon hornblow.
ers.
Inside understanding now Is
that the President had q broader
program in mind when he sug-
gested an ETC price probe at the
time he stopped the Miller.Ty
ings bill which permits price-fix-
ing under State laws. Joint ex.
plorations into fields Of pricing
and antitrust regulation are being
carried on In private by the JUS
tice Department rather than ETC.
Recommendations are more likely
to be ready n time to hit the
NEXT session Of Congress rather
than this one.
Electric Anniversary
Movement to make fifth we'd
ding anniversaries the official &C.
caSion for electrical gifts has
reached the conference stage be-
tween National Electrical Manu-
facturers Association and jewel
ers' representatives. Plan is to
revise old.time list Of gifts for an
niverSarieS, set up an approved
list with an "official" seal Of the
jewelers., recommend 1t to custom
erS as such. One anniversary
date is virtually promised for cleo
tricalS.
Duchess Of Windsor
''The First Lady Of the World
again casts her shadow over the
human affairs Of current history.
Duchess Of Windsor" today is
listed twice as a new trademark
filed at the United States Patent
Office. Renee Lacoste, Detroit,
registered the title for a new
brand Of perfume. Louis Albert
Samstag, New York, will intro
duce line Of cosmetics under the
same name.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
To Close or Not
TOClOSe 'ChdnQe
On SATURDAYS

NEW YORK, May II Q.N.S0.
E. A. Pierce & Co., largest broker
age house in Wall Street, Is not
against the growing drive to close
the Stock Exchange on Saturdays
during the summer.
While e. A. Pierce, head Of the
firm, refused to comment zone
way or another" an unimpeach-
able source declared that the firm
will cooperate fully in any such
program provided all financial
institutions, including banks, favor
1t and close, too"
The firms attitude marks an
important DETECTION from the
ranks Of the foes Of Saturday
closing, into which all the big
commission houses have been
claSsed hitherto. The Independent
floor broker and many Of the
specialists are understood to be
strongly in favor Of the shorter
week during the coming hot
weather, especially In view Of the
dog days" expected to result
from the crash in speculative
markets here and abroad.
Mr.. Pierce, who bought q Stock
Exchange seat o few months ago,
is part Of the Stock Exchange
management through being a
member Of the committee on ad-
missions.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
TRADING LIGHT
ON IRREGULAR
CURB LIST
EDWARD KRICKER

NEW YORK, May II QN.SJ.
Curb stocks continued irregular
in later morning dealings today
with trading volume rather light
although price changes were not
particularly narrow. No section Of
the list displayed any pronounced
trend.
Continuing to dominate the
market was Technicolor, which
rose almost three points in by far
the heaviest dealings Of any issue
ON the board, selling at 257s. The
advance reflected q statement by
Samuel Goldwyn that in the future
all his film productions would be
done In Technicolor.
Other advancing miscellaneous
shares were Fox Brewing, National
Rubber Machinery, Cooper BeSse-
mer. United States Foil B and
Thew Shovel, all showing frac-
tlonal gains. Aluminium Of Amer
lea dropped ~ points and Reed
Roller Bit, Chicago Flexible Shaft
and Merritt Chapman declined.
The utilities were quiet and dis
playing only minor changes on
the whole although Florida Power
seven per cent preferred lost two
points and Consolidated Gas Of
Baltimore gained almost as much.
Niagara Hudson Power an d
United Light A were doing well in
'the lower priced shares and Bra
lillian Traction advanced. Long
Island Lighting and Arkansas
Natural Gas A eaSed slightly.
Mining shares were quiet and
virtually unchanged with prices
mixed. Humble Oil gained a
point and Darby Petroleum lost
almost as much in an irregular
oil division. Gulf also eaSed
while Derby Oil advanced a half
point rejecting better earnings.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
DC. B0NDC[UB
T0ELECT

Annual outing Of the Bond
Club Of Washington will be held
at the Manor Club on Friday.
June 4, according to announce
ment by T. C. Montgomery, presi-
dent.
At the outing the annual elec-
ton will be held. The nomina-
ting committee has announced
the following selection Of can.
didates: For president, Clark
Brown; for vice president, Chaun.
cey Parker, jr.; for secretary
treasurer, George Ferris; for gov.
ernor, Frank Hall; for governor
for one year, T. c. Montgomery.
The nominating committee Is
headed by K. 8. Wales. The affair
will be brought to a close with q
hinner.
Chatrmen Of the committees
in charge Of the outing are e.
B. Olds, jr., general chairman;
Chef Allies, banquet; Myles Quail,
tickets; Bayne Marbury, putting:
Dick Dunn, golf; Frank Rapee,
horseshoeS; Donald McKnew,
prizes, and Harold Patterson,
stock exchange.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Crisis Neared inC.IO.
Drive on Steel

$4,000 employees; the youngstown
Sheet and Tube Company, 10000;
Inland Steel Company. 10000;
Crucible Steel, $4,000, and Bethle-
hem Steel, $4,000. All told, more
than 10000 steel workers would
be affected.
At Bethlehem Steel, scene Of q
recent walkout that collapsed,
Murray said that 80 far as organ
izing Is concerned on q company
basis, we now have a majority"
Bethlehem's Johnstown plant en-
powered Murray to order a strike
there to force signing Of a c. I. o.
contract.
Although failing to claim a ma
jority at National Steel's plants,
Murray claimed the 8. w. o. C.
had broken down opposition in
sofar as the company Is con-
cerned,"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
WEATHER AIDS
SPRING TRADE

NEW YORK, May II U.N.SJ.
With better weather helping, con-
sumner buying last week pushed
retail distribution upward on the
way to its spring crest, expected
early in June.
Dun 8 Bradstreet review for
the week reported rapid reduction
Of stocks as retail trade advanced
SO per cent above that Of last
week.
Width Of demand was consid-
cred the best since March. In spite
of special clearance events, regu-
larly.priced items made up the
largest portion of the volume.
Clothing, household furnishings,
camping equipment and sports
goods sold well.
Minor strikes failed to check
expansion in the midwest where
total for the 1886 week was passed
by 1875 per cent. The New
England States reported gains Of
12-18 per cent. For the country
as q whole volume ranged 10 to
% per cent better.
Heartened by lessening Of the
consumer restrictions which ham
pered April trade, wholesale buy.
ers In the leading markets showed
more inclination to build inven'
tories this week. Rapid acquisi-
ton Of summer goods provided
most Of the bulk Of new business,
sending the estimated volume for
the week to 10 to 80 per cent over
the corresponding 1885 week.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
CITIES SERVICE
NET CLIMBS

Consolidated gross income Of
Cities Service Company and sub
salaries for 1885 amounted to
$49, $50, 900, according to the
twenty-seventh annual report. This
is an increase Of $4,299, 900 over
1885.
Net income for 1895 after all
prior charges, applicable to the
stocks of the Cities Service Com
pany, was $6,965, 900. This is an
increase Of $1,109,00O over 1885
after providing an additional
1854, 900 for current appropria-
tons for depletion, depreciation
and requirements, and reserves for
contingencies.
This is the first time since the
suspension Of dividends in 1882
that the dividend requirements on
the preferred stocks Of the COM
pany have been earned. The i'm
provement was distributed among
all three major branches Of the
buSineSs-petroleum, electric and
gas operations. Sales Of natural
gas, electricity and refined pc
troleum products were the largest
in the history Of the company.
In addition to the consolidated
financial statements Of the COM
pany and subsidiaries, financial
statements Of Cities Service Com
pany are included in the report,
all Of which were reported upon
by Peat, Warwick, Mitchell g. Com
pany, accountants and auditors.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
FARM INCOME
UP IS PCT.

In addition to larger receipts
from marketings this year, the
farmers have received q SubStan-
tial increase in benefit payments
from the Government, according
to the Alexander Hamilton 1nSti-
tute.
Benefit payments in March
amounted to $1l1,00O, 900 this
year as against $15,0O0,000 last
year. For the first quarter, these
payments totaled $206, 000, 900 as
compared with only $4,000, 900 q
year ago.
F. Benefit payments raised the
farmers total income in March to
$707, 100000. This represented an
increase Of $50 per cent over the
$500, O00, 900 received in the same
month last year. Total farm cash
income, including benefit pay
mentS, in the first quarter
amounted to $1,945, 200, 900 as
against $3.50, 900 900 a year ago,
an increase Of $50 per cent.
If the increase in total farm
income over a year ago which oc-
CURED in March should be main
tanned during the remainder Of
1887, the annual farm income this
year would amount to 3iO,574,-
O0O, 900 as compared with $685..
600, 900 last year and with $4,328,-
OO0, 1000 at the low for the depreS-
sion in 1882. It would exceed the
income Of $10,479, 000, 900 in the
pre-depreSsion year 1929.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
COTTON REACTS
AFTER STEADY
OPENING

NEW YORK, May II dN.s).
A slight reaction developed In the
cotton market after q steady open
ing, and the list eased to losses
ranging to IS cents q bale.
The market was quiet, partly be-
cause European exchanges were
closed by holidays. The staple felt
the effect Of growing bearishness
among mill interests as the prt-
mary cotton textile market con-
tinued dull.
There was fair demand from the
trade, and brokers here bought for
Liverpool and the continent. Wall
Street took new crops. Offerings
were made by South, New Orleans,
and local professionals. News
from Washington had varied e.
fects on the market sentiment to-
day.
The almost complete lack Of de.
mand for loan cotton releases was
revealed in q report Of the COM
modify credit corporation indicat-
ing o total Of only 10 bales sold
during the past week, against sales
Of as much as zoo, 900 bales q week
in March. There were reports Of
q movement to get washington to
alter differentials allowed on
grades below middling to enable
their release in larger volume in
the future. News of the compile
ton Of q comprehensive farm
price sterilization plan and its
submission to the House Agricul-
ture Committee drew no response
in the market today, since trading
in the contracts to be affected by
the plan has not yet begun.
July sold at 1874 off 2, October
1887 off /, December 1881 off 5,
January 1886 off 2. March 1880
off 3.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
AIR CONDITION
SALES Squirt

Record.breaking new thighs"
are revealed in figures showing
installed cost of equipment being
sold by member companies Of the
Air Conditioning Manufacturers
Association.
March sales were greater than
those for the best quarter in 1885,
totaling $17,137 $40, according to
announcement by william B. Hen
derson, Of Washington, the asso-
cations executive vice president.
He said:
"The March total compares
with 1881, $3.50 I'm March, 1885,
which IL an increase Of 2O9.8
per cent. The month also ex-
ceeds the total for January and
February, which was $14,-
$4,000"
Sales in the first quarter Of 1887
totalled $31, 64S, 290, compared to
$11,005, $50 in the corresponding
months Of 1885, or an increase Of
1875 per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17

PITTSBURGH, May II d.NS).
With leaders and members Of the
Steel Workers Organizing Com
mittee ordered to stand by" for
possible strike announcements, the
drive being waged by the Commit
tee for Industrial Organization in
the nations independent steel
plants rapidly neared q crisis TO-
day.
Delegated full powers to call a
strike at his own discretion In any
one or all of the country's five
largest independent steel produc-
ers, Philip Murray, chairman Of
the 8. w. o. c., again reiterated
that unless the Independents &C.
ceded to the s. w. o. C.'S demand
for sole bargaining rights, a strike
in their mills was inevitable.
Murray claimed the s. w. o. C.
had majority representation at
plants: Republic Iron and Steel,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
ST. Louis Hotels Yield,
1000 Strikers Return

ST. LOUIS, Mo-, May II CU.sJ.
The strike which crippled service
in eight leading st. Louis hotels
was settled yesterday and 1000
employees returned to work.
The peace agreement. signed
between five American Federation
Of Labor unions and the st. Louis
Hotel Association, provides the
unions shall be the sole bargain
ing agencies for the workers In
the 20 hotels represented in the
association.
Hotels affected were the Jeffer-
son, Statler, Lennox, Mayfair and
Mark Twain in downtown St.
Louis, and the Chase, Park Plaza
and Washington in the West End.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Help For Investors
In Alien Bonds Asked
international News Service

InLoFM0tIOn1I NCWB SoFVlc0
Estimating upwards Of 800, 900
American investors hold more than
1000 million dollars Of defaulted
foreign bonds, the Securities and
Exchange Commission today urged
creation Of a powerful agency to
liquidate this debt through inter.
national negotiations.
In a voluminouS report to Con-
gresS, the commission observed the
use Of armed force, legal or eco
nomic sanctions and diplomatic
pressure would be Of doubtful
utility" If applied to a defaulting
nation.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Money! Markets

NEW YORK. May II G.N.S).-Bank-
erS acceptance market was quiet. with
rates UNCHANGED. Thirty-daY bills u
per cent to 7-16: so to 90 day bills. s-16
to u per cent; four months bills. s. to
s-1s per cent; five and six months bills.
Y to y per cent.
Commercial paper market was mod
erately active, with rate unchanged at
1 per cent.
Time money was offered at ~ per
cent for maturities up to 80 days. II per
cent for four five and six months
maturities, all unchanged.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Negro Labor Group
To Meet Tomorrow

The first mass meeting Of the
washington Negro Labor Com.
mittee will be held at Sis p. m.
tomorrow in the Mt. Carmel Bap-
fist Church, Third and I Streets
Northwest.
Members Of the committee ex.
pressed the hope that colored
workers would become 100 per
cent organized"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Naval Stores

NEW YORK, May II GN.S).-Petro-
cum steady: crude Pennsylvania 12.370
2.67: Buckeye. 32.22: Corning. f1.42.
Linseed oil. per h.. 11.3c. carlots.
Turpentine easy, 41c.
Rosin easy: common, $50.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17

per share Of tie total outstanding
capital stock Of the Company.
BALANCE SHEET
The balance sheet at December
81, 1896, indicated total property
Cess accrued depreciation and
other investments, Of lots, 956, $50,
current assets Of $33,S22.O73, az
against curreI:: liabilities of ST.
4Os.462. and deferred liabilities, I'M
ter-company accounts, ETC., net, Of
$16,41S,931. The total interest-bear-
ing debt outstanding was $6TS. 1884,
A3 "a decrease Of $9y029, 272 COM
pared with preceding ,ar). The
outstanding capital stock was $685.
15S,4S5. and corporate surplus $76,-
17,1sl.
EMERGENCY INCREASE IN
FREIGHT RATES
Emergency increase in freight
rates authorized by the Interstate
Commerce Commission effective
April 1c, 1885, terminated December
81. 1885 During 1885 .,eiween $780,
900 and 100000 were realized by
the Company from the emergency
increase. As the reasons which JUS
tilted the Emergency Charges" are
continuing with added emphasis as
to cost Of material { Is hoped that
the Commission will give sympa-
thetic consideration to the petition
Of the railroads now pending for
certain increases and adjustment Of
freight rates which win aid In meet
ing present basis of costs without
imposing undue and negotiable
burdens on commerce and industry,
or without interfering with the flow
of traffic.
PICKUP AND DELIVERY
SERVICE
To facilitate the handing Of less
than-carload traffic a system Of
store-door collection and delivery
was inaugurated November 16, 1896,
to apply to shipments paying not
less than forty-five cents per 100
pounds.
SHAREHoLDERS
At the close Of 1885 there were
1881 registered holders Of the Com
pany's capital stock Of both classes,
with an average holding Of IT shares.
The continued cooperation Of share
holders in the use Of the Company's
facilities and in the solicitation Of
the business Of others for Transport
tation over its lines is earnestly de-
sired and greatly appreciated.
Directors record their appre-
ID efficient cooperation of the
luct of the Company's business
DANIEL WILLARD,
President.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
Treasury Condition

Treasury balance May IA, ST..
742, 721, 200; internal revenue, S4s
726, 1851; customs receipts, $23r
43,001.10.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
CONDENSED INCOME ACCOUNT


REVIEW OF OPERATIONS
Operating revenues increased ST.
14S, 416.9S, or 9.14% over 1885. Freight
revenue increased $2S,O30, 1879, or
2O.39%6, while revenue tons increased
1880. Passenger revenue increased
S1,2o3, 92S.99, or 13O8@, and the pas
senger miles increased O.A2%. The
increase II passenger trafhc Is due
in part to the increase in business
activity and to reduction in fares
on June !, 1895. Other revenues, in
GLIDING mail and express, increased
$S25, 02O.3O, or 9!00%.
Operating expenses increased $1S,-
046,3A2.4S, or 17.1O% over 1885. Total
maintenance expenses increased
$1O,7S1, 26S.45, or SN%, Of which
$3.50, 164.6O was for maintenance Of
way anu structures and $7,441, IS
for maintenance of equipment. The
maintenance of equipment expenses
include depreciation charges of ST.
1863, 1857, an increase of $162, 602.53
over 1885. Transportation expenses
increased $S,927, 1000, or 13.779S. The
transportation ratio was 33.86% Of
operating revenues as compared
with 35A6% in 1885. The total oper-
ating ATTIC was 73.1416, compared
with 74.4296 in 1885.
NET INCOME
Net operating revenue increased
$9,103, OH.5O, while taxes, equipment
and joint facility rents increased
$500, 75263, resulting in an increase
in Net Railway Operating Income Of
5000, SN.S7. Other income, includ-
ing rents, dividends and interest,
after deducting miscellaneous
charges, reflects an increase over
1885 Of $1,S73,S66.54, while fixed
charges decreased $45, 695.35. The net
incor' after payment of interest
and other fixed charges aggregating
$S2,S9S, OA.36, was A,538, 975.12, an in
crease over 1895 of T,719,SS3.76.
TAXES
The total taxes accrued as a
charge to income il 1885 was $1O,-
49S,S6S.31, an increase over 1885 Of
$2S76,54S.A. OF the total, $2,135,-
651.O2 was due to the Excise Tax,
account Of the Railroad Retirement
Act Of 1895, effective March !, 1886,
and $72S,A6.A was for the unem-
ployment compensation feature Of
the Social Security AIT, effective
january /, 1896.
Taxes accrued for 1885 absorbed
81 cents Of each dollar Of net oper-
ating revenue and was equal to 1888
The President and Board
citation of the loyal support
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
ADVERTISEnEMT
AOVERTISEMENT
THE BALTIMORE AND OHIO RAILROAD co.
SUMMARY OF ANNUAL REPORT FOR YEAR 1886

THE Annual Report Of the President and Directors for the
year 1886 sbeng mailed Stockholders of record Operat
ing results and other matters Of interest summarized
follows:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17
PICKUP AND DELIVERY
SERVICE
EMERGENCY INCREASE IN
FREIGHT RATES

The President and Board of Directors their appre
citation of the loyal support and efficient cooperation Of the
officers and employees the conduct of the Company business
throughout the year. DANIEL WILLARD
- President
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-05-17

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Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-27
Askov Garage To
Take New Place
Will Occupy Large Build.
ing Formerly Operated
by Sorensen's Garage.

The Sebald Motor Sales which
recently purchased the building for
merly occupied by Sorensen's Ga
rage, will move into that building
this weekend and will Immediately
be prepared to continue its large re-
pair and sales business.
Work in moving the two gasoline
pumps which will dispense Coop
gasoline, is under way and after
this is completed work will be started
on remodeling the building. The
large entrance doors will be moved
to the center of the front of the
building and shop room will be con-
structed.
When completed the building will
afford adequate storage facilities as
well as more efficient shop room than
the concern has enjoyed in the past.