davidaulloa/AmericanStories huggingface dataset:
The Dayton forum. [volume] (Dayton, Ohio) 1913-1949, 1937-10-22

Mrs. Caroline O'Day, Senator Hattie
CaraWay day pass that she Is
not working on claims bills and vet
erans needs. Mrs. Rogers has made
5omething of a speciality of helping ex-
soldiers, but she had to draw the line
one day when an ex-fighting man asked
her to introduce a bin to make the
u. S. government finance divorces and
pay alinony for veterans
W7HAT about unfair tactics in a cam-
paign? Do the women find men
berating them because they are won-
en-, and woman's place is in the
homen?
Yes, this happens Virginia Jenckes
had man campaigning against her In
Indiana last year, using as slogan,
"What this district needs is congress-
man. But since Virginia Jenckes was
reelected. it would seem that the cleo
torate had its own ideas.
The women NJ. C.'s probably find it
fully as difficult as the men to save
any money from their $4,000 year
salaries. Most of them travel about
their districts when Congress is not in
session and work directly with their
people on the varying needs in the
communities. This means office. rent,
clerical hire, hotel expenses, all in line
Evening star., 1937-10-03
COPPER DEMAND JUMPS
AFTER PRICE REDUCTION
Cut to II Cents Brings Big Orders and
Recovery to l212 Follows-Foreign
Curb Revived.

at about 1925 at the weeks close, or
about IS cent off. Foreign produc-
ton restriction agreements were again
put into force. presaging closer control
abroad, beginning in late November
Tin broke sharply. going down "a
cents on heavy selling both here and
at London. Consumer demand then
improved, however, leading to q sub
sequent recovery of "a cent to 5625.
The worlds visible supply dropped by
almost 10 per cent in September.
Zinc weakened by "a cent in the
domestic market after London had
sold off under Dutch liquidation. At
$50 East st. Louis. an increase in de-
mand was reported. and .sizable orders
for last quarter delivery came to light.
Lead was down another a cent to
6 cents. New York, and buying orders
at that price were said to be for Oc-
tober delivery in the main. indicating
a shortage of immediate consumer
stocks.
Evening star., 1937-10-03
WHEAT REGISTERS
MODERATE GAINS
IN DULL SESSION
Earlier Losses Replaced by
Fractional Advances at
Strong Close.
BY FRANKLIN MULLIN,
AceoriofaI prexs Morkot NrifAr

CHICAGO, October 2-After one
of the dullest sessions in weeks, wheat
prices closed strong at net fractional
gains today. erasing earlier losses.
Final prices were just about a cent
above the days lows.
The late upturn in the Chicago pit
was to some extent sympathetic with
a gain of a cent in Winnipeg prices,
but there were other factors which
stimulated tagging buying power.
Among these were unfavorable crop
reports from the Southern Hemisphere
and trade comment that Argentina's s
seeded acreage may be over estimated,
and that moisture deficiency condi-
tions are serious in some areas of
the domestic Winter wheat belt.
Wheat closed 4-7s higher, COM
pared with yesterdays finish. Decem-
be-, 1oa1s-h; May, l.08s4-7s; July,
103; corn was "a OF to "a up. october,
69A; December 655s-%; May, 647s;
July 65st. Oats. unchanged, Decem-
Der. 30%. Rye, 3s-ss up; December.
1929; provisions, 2 to rs cents higher.
A pause in foreign takings of
American wheat following fair busi-
ness earlier this week was re-
straint on buying activity in the
early hours, and prices slipped to
spA714 for December and sl08 for
May. Selling pressure, however, was
very light. Liverpools ss-24 cent de-
cline reflected forecast of showers in
(See WHEAT, Page E-2)
Evening star., 1937-10-03
BUSINESS AWAITS
COURT DECISIONS
Utility Cases Will Be Before
Justices When They
Meet Tomorrow.
By the Associated Press.

By the Associated Press.
NEW YORK, October 2.-Business
leaders and industrialists, particularly
utility executives, are occupying
themselves with much conjecture
these days on numerous pertinent
cases which will be before the Supreme
Court when it convenes again Mon
day.
Three of the most publicized cases
are of especial concern to utility
men-one. the Duke Power Co. case,
contains the issue of the use of Fed
eral funds to build municipal power
plant in competition with a privately
owned utility, while the tive others
involve the constitutionality of the
public utility holding company act
Of 1885 and OF the Tennessee Valley
Authority.
Early Ruling Expected.
Arguments in the Duke case should
be heard this month, with an early
decision expected from the justices.
The company claims that title of
the N. 1. r. A., under which the
P. w. A. has made grant for a
municipal plant in South Carolina,
is an unconstitutional delegation of
power by Congress, in that it deprives
the Duke company of property in
violation Of the "due process" clause.
Preparing themselves against a pos
sible valuation of the holding COM
pany act, numerous systems have been
at work for months on programs of
consolidation, not only of territories,
but of their financial structures.
Labor Cases Watched.
In the field Of labor relations the
court will have before it several cases
testing the jurisdiction of the National
Labor Relations Board in making deci-
sions in disputes between employers
and unions.
The 'sit-down" strike also may
come for review as to its legality,
during this session. A lower Federal
court has granted an injunction to a
Philadelphia hosiery company, pro-
hibiting Shutdown" in it's plant, and
the American Federation of Hosiery
Workers has petitioned the Supreme
Court to void the writ.
The commodity exchange act of
1886 is being tested in four separate
actions, involving the Chicago Board
OF Trade. the Chicago Mercantile Ex-
change and the Kansas City Board of
Trade-the lower courts in each in
stance having upheld the act. The
validity of the securities act of 1888
also is under challenge.
Evening star., 1937-10-03
STEEL CHIEFS HAIL
EXPORT DEMAND
Revival Develops Along With
Prospects for Larger Needs
of Auto Industry.
BY the Associated Press.

BY the Associated Press.
CLEVELAND. Ohio, October a.
Daily Metal Trade today says:
Broadening export demand for fin
ished steel products, coupled with
prospects for an early rerival in steel
demand from the automotive industry,
is serving to revive confidence in the
iron and steel markets.
Foreign inquiry on large scale Is
being entertained by domestic pro-
ducers from all parts of the world.
At the same time the automobile build
ers are swinging actively into their
1898 production schedules and pre-
dictions are being made that auto
production over the next few months
will surpass that in the like months
Of last year.
Coincident with the expansion in
automotive demand it Is believed con-
sumers related to the automotive field
will step up their requirements. While
some uncertainty still exists in steel
circles with regard to the future, the
situation shows improvements over
the past few weeks.
Evening star., 1937-10-03
AUTO FIRMS FACE
PRODUCTION RUSH
IN LAST QUARTER
Industry Likely to Assemble
More Than 100000
During Period.
BY DAVID ]. WILKIE,.
Associated Press Financial Writer

DETROIT, October 2.-Barring un-
looked for developments. the motor
car industry with all its units in pro-
duction and stepping up the volume
each week, will assemble more than
100000 of its 1888 types between
now and the end of the current year.
The figure is based upon the Show
ing of the final quarters of 1885 and
1886 wherein the industry for the first
time introduced its new models in
November instead of in January.
Supporting the estimate also is a
heavy untitled demand that carried
over from the 1887 production year.
Without interruption to production
activity the industry conceivably could
assemble in the current final quarter
as many vehicles as 1t put together in
all Of 1882 The total for that year,
low point Of the depression period for
makers of motor cars. was 1,431 ,494
cars and trucks.
NAOuCAo AOoCAtLu
This year the industry is bringing
out its new types earlier than ever
before, preparing them for general
presentation publicly at the annual
National Automobile Show in New
York's Grand Central Palace COM
menclng October ~.
Much of the mystery the indi-
vidual units of the motor car industry
. weave around their impending new
models has been generally dispelled;
the new types were shown to news
paper men and representatives of
trade journals long before the show
periods. In most instances the show
ings bore out, earlier predictions in
trade circles that relatively little
change in design would be made.
One noticeable characteristic Of
many of the new models is that those
whose radiator grills were narrow and
pointed have been broadened out
somewhat, some changes have been
made in engine design and in the
suspension scheme. The elimination
OF cantllever springs in favor of the
spiral or coil spring on all four wheels
is one of the outstanding features of
several of the new models.
Piston Design Changed.
There is, too, what appears to be a
minor alteration in piston design, but
which Immediately steps up the horse
power potentialities of the motor.
First to show this was Buick. In
stead of the traditional fiat top on the
piston, the new design places a
shoulder" on one side of the top. De-
signed to eliminate secondary firing
in the combustion chamber, the new
style piston sharply increases its
power.
Evening star., 1937-10-03
H0ARDED COINS FLOW
BACK IN CIRCULATION
Dispatch tn The s,er

Special Dispatch to The Star.
STANLEY, Va, October 2.-The
Farmers g. Merchants National Bank
at Stanley this week shipped $4,000
worth OF silver and minor coin, weigh
ing more than 600 pounds, to the
Federal Reserve Bank of Richmond.
c. c. Louderback, member Of the
House OF Delegates and cashier Of the
bank, said that this money had been
accumulating since 1886, and said the
only way he could account for it is
that with the return Of better times
people had regained confidence and
were depositing money they had kept.
He added: This is the second time
in % years we have had occasion to
ship coin away"
Evening star., 1937-10-03
TURNS
TO GOLD AGAIN
Plea for World Reduction in
Price Studied by Wall
Street.
BY the Associated Press.


NEW YORK. October Am ad-
vance in the London free markets
gold price, together with reports of
revived demand Of the metal for
boarding purposes abroad, have
brought to the fore again the trouble
some question of redistribution of the
worlds supply to end the feast and
famine conditions that now exist.
In this connection, Wall Street
studied with interest the suggestion
of r. H. Brand, managing director of
Lazard Bros. g. Co. of London, that
an internationally agreed upon re-
duction in the gold price is the least
dangerous alternative left for solu-
ton.
Writing in the Carnegie Endow-
ment's international Cancellation, "
Brand asserted that, under certain
conditions, fall in the price of gold
would not necessarily entail, as has
been argued, a fall in prices in general.
Suppose, he suggested, an agreed
reduction should be announced by all
important countries, the announce
ment to be supplemented by another
to the effect the governments in ques-
ton had determined to let this
change have no influence on their
monetary policy and that they be-
lieved their gold supplies sufficient for
all possible credit requirements.
Such an announcement, he said,
would affect seriously the mining in
dustry, markets and countries like
South Africa, dependent largely on
the industry But the price reduc-
ton, he assumes. would be reason
able" and in the long run would add
to stability.
why, then" he asks, should there
be any general catastrophe? The ex-
changes would have remained stable;
| it is quite certain that with currencies
moderately revalued. the gold in the
Federal Reserve System would be
ample for all purposes and it
is equally certain that the same must
be the case in this country England
Credit facilities would, therefore. be
| unimpaired; there need be no fall in
| prices.
Neither in England nor in the
United States would the banks have
to call single loan through any in
creased monetary pressure. Nor does
it appear there would be any great
difficulties in other countries"
Evening star., 1937-10-03

For the most outstanding contri-
button that has. ever been made bv
any association to any life insurance
week program since its inception"
Life insurance week. observed last
Spring. was opened for the entire
country from the Department of
Commerce, with the active co-opera-
ton of Guerra Everett, chief of the
Division OF Commercial Laws: a ma
tional radio hook-up and several
noted speakers.
Plans for the 1888 insurance week
already have been launched, with
John L. McElfresh, Connecticut Mu-
tual, local chairman, and Mr.. Sapp.
New England Mutual, co-ordinator
between the national committee and
the Commerce Department.
Steel and Rayon Are Leaders.
Steel and rayon issues alone out of
the securities representing 4s indus
trial groups showed gains over the
81a-month period from January 2 to
September IS, according to a PERIOD
ical analysis Of leading industries pub
lished by Fenner g. Beane, New York
Stock Exchange firm. Steel issues
showed net advance of IL per cent
and rayon issues per cent, while the
market as whole declined Is per cent
over the period.
Among industries showing the
smallest declines this year to Septem-
Der Is in the market value of their
securities were the mail order, explo-
sive. rubber and tire, motion picture
ana agricultural equipment groups.
The industrial groups whose secur-
ities have shown the least favorable
market action are aviation transport,
cigars, cotton, railroad equipment and
alcohol, which declined over 20 per
cent from the levels of the first of the
year, the analysis shows.
Traction Bonds Sell at so.
Capital Traction SIS again sold at
30 on the Washington Stock Ex-
change yesterday, unchanged from
several other recent sessions. Po-
tomac Power 51a per cent preferred
stock was in good demand, four con-
secutive sales taking place at l11%
The market closed the week with
loh bid for Capital Transit stock
and 1l1a asked.
Evening star., 1937-10-03
SLIGHT GAIN SHOWN
IN TRANSIT REVENUES

Special Dispatch to The Star.
NEW YORK, October 2.-Revenues
for the transit industry for the week
ending September Is, 1887, based on
telegraphic reports received from a
representative group Of transit oper.
ating companies, showed a slight in
crease over last year.
Transit Journals revenue indicator
stands at 10049, which represents q
gain of 049 per cent as compared with
the corresponding week in 1886.
For the week ending September 49,
1887, the indicator was 104.26.
While the latest indicator figure is
lower than that of last week, due to
the fact that the corresponding week
Of last year was unusually high, the
revenues for the country continue to
be above 1886.
Evening star., 1937-10-03
Franc Retreats
To ll-Year Low
In Bud get Crisis
Ey the Associated Press.


A severe break in the French franc
carried that currency to a new IL
year low in foreign exchange trading
yesterday.
In New York the unit was down at
one time as much as .l61s of a cent,
but subsequent rally through opera
ton OF the official control brought it
TO $50 cents, a net loss for the day
of .131s of cent. Traders said the
drop was caused by heavy European
selling brought about by fresh
French budgetary and political crisis.
Other currencies were higher in
terms Of the dollar. The pound ster-
ling gained * of cent at 4.955s, the
Swiss franc added .0Ola of a cent at
229e cents and the Netherlands guild
er, at $3.50 cents, was .01 of a cent
higher. Canadian dollars were un-
charged at 100 cents.
The dollar lost 81 of cent in Lon
don. closing at 495 9-16 to the pound,
which compares with the New York
overnight rate of S495i2. Paris mar
kets were closed.
Evening star., 1937-10-03
new YORK COTTON
By the Associated Press.


NEW YORK. October Cotton reacted
today under. renewal Of hedge selling
through spot houses and co-operatives in
late months. December sold of from S24
to S.11 and closed at SIS. with final prices
to 8 points net lower.
The market opened Z to Il points
lower under an overnight accumula ton Of
Southern selling orders and LIQUIDATION
demand. Prices recovered a few points
when the pressure let up somewhat during
the first hour. but the list turned easier
under a RESUMPTION of the. hedge selling
later. The heavier weekend offerings fol-
lowing yesterdays trade adyices of a
marked increase in the holding movement
in the South disturbed sentiment and
brought out reselling by recent investment
buyers. Most prices from January forward
again made new lows. January declining
to sos.
Less favorable weather from the Mis-
sissippi River eastward and the threat Of
tropical storm along the Gulf Coast
failed to attract support. December again
held relatively steady. going to a 1-point
premium over May. compared with =
point discount yesterday. Amount of cotton
on Shlpboard awaiting clearance at end
OF week was estimated at $4,000. against
10000 last year and 6S,00O two years
ago
Evening star., 1937-10-03
BY the Associated Press.


NEW YORK. Oct. 2-Wide fiuctua-
tions in price and notable pickup in
demand at lower levels featured do
mestic copper markets during the
week.
After resisting for some weeks the
depressing effects of lower export
prices and decreased consumption, the
price of IA cents, delivered Valley,
which had prevailed for five months,
was finally slashed at the beginning
OF the week to 13 cents. A further
cut brought the level to IL cents by
midweek, but after heavy general
business was done at that quotation,
one leading producer announced a
proposed reduction of output by 20
per cent, and when the largest sellers
refused to follow custom smelters'
decline to IL cents, the general ask
ing price advanced again to 1919
cents, where it ended the week.
Export prices worked lower, ruling
Evening star., 1937-10-03
FOREIGN BONDS Decline.

NEW YORK, October 2 (SpeeiaD -
Foreign dollar bonds declined 4.l9
per cent during September, according
to the Foreign Bond Associates, Inc,
index of so representative issues,
which stood at 56.s5 on September 80
compared with 59.44 on August 81.
The 16 South American issues in the
index fell 4.30 per cent, the Austria
lasian issues 3.23 per cent and the -
European issues. 4.4o per cent.
Evening star., 1937-10-03

c., vice chairman, and William H.
Prince, Sd, Baltimore, secretary and
treasurer.
Wallace H. Fulton of Washington,
director, Investment Bankers Confer
ence, Inc, addressed the financiers on
the new rules promulgated by the
Securities and Exchange Commission
which became effective on October /.
These new regulations are of great
Importance to all investment dealers
and have been awaited for many
months. At the conclusion of his re-
marks, Mr.. Fulton was flooded with
questions on technical points included
In the rules.
The conference on Friday was one
OF the largest yet held. the Capital
sending a good-sized delegation. In
vestment dealers recently have been
aiming at as much "self-regulation"
IS possible. In this move they are
receiving cordial cooperation from
the Securities and Exchange Commits
sion.
Fifth District Trade Higher.
DOIN iCtdu anu WHOLESALE JrdQe IN
the fifth reserve district showed slight
increases over the previous week and
the same week year ago, the Com
merce Department reported yesterday
IN its weekly survey.
Retail stores in Washington. how
ever, slowed up temporarily. being 5
per cent off from the previous week
and 3 per cent from the like week in
1886. Clearings totaled s1s126 GAL.
against S19,O4O, 766 a year ago. The
weeks building permits were also
down, S2l6,500 comparing with $685.
400 last year.
Charleston, S. c., reported a 7 per
cent gain. Baltimore and Richmond
reported advances, as did many
smaller cities. The Commerce survey
said there are ample indications that
September's late upward trends will
be carried into the early days of
October"
National Prize Comes Here.
Earle w. Sapp, chairman of the
1887 Life Insurance Week Committee
Evening star., 1937-10-03
BUYS DRUG FIRM.

NEW YORK, October 2 (SpeciaD -
McKesson & Robbins, Inc, announces
an agreement to purchase the assets
of Blaumer-Frank Drug Co., Inc,
of Portland, Seattle and Spokane, as
of September 80. This is one of the
oldest and largest wholesale drug or
ganizations in the Northwest.
Evening star., 1937-10-03

OF the District
of Columbia Life
Under writer s.
Association, an
nounced yester-
day that the Dis
trict associa ton
has been awarded
= special national
prize in recog-
milton of its ac-
tivities, both To-
Cal and national.
A c C o m panying
the award was
t h S statement
from nat 1 Ona
headquarters:
Evening star., 1937-10-03
DIVIDEND Is ORDERED.

NEW YORK, october 2 Especially -
Directors Of Lee Rubber d Tire Corp.
have declared dividend of so cents
per share on the outstanding capital
stock. payable October 26 to stock
holders Of record October -.
Evening star., 1937-10-03
BANK PAYMENT ORDERED.

BALTIMORE, October (R.-Bank
Commissioner Warren P. Sterling au-
thorized the Farmers Bank OF Somer-
set County, Marion Station, to make
a payment Of 1919 per cent on its
depositors' reserve fund.
Evening star., 1937-10-03

I n v e S t m e n |
Bankers Associa
tion, at the an
nual Fall meet
Ing in Baltimore
He is a former
chairman of the
group. and is q
member of the
national eXecu-
tive council.
Robert S. Belk.
nap of AleXan.
der Brown &
Sons. Baltimore.
was elected chair :
man; r. S. Dick :
son. Charlotte. N
Evening star., 1937-10-03
Capital Financier Named to
Executive Body at Bal
timore Meeting.
WALLACE FULTON TALKS
ON NEW S. E. C. RULES
Washington Retail Sales Decline
Slightly Below Previous Week
and 1886 Levels.
BY EDWARD C. STONE.

Y. E. Booker. head of the invest
ment firm bearing his name, was
elected a member of the Executive
Committee of the Southeastern group.
Evening star., 1937-10-03
Cott0nseed Oil.

Cott0nseed Oil.
Cottonseed oil was little easier today
under liquidation for over the week end.
although offerings we're readily absorbed
and price changes we're confined to narrow
limits with final prices i to 3 points net
lower. Sales were 65 contracts. Bleach
able spot nominal: october closed. 1871;
December. 7.33; January, 7.3S. March,
7.44; May, 7.52.
Evening star., 1937-10-03

Cottonseed oil closed steady; detachable
prime Summer yellow, 7.15 nominal; prime
crude. 5.S7R-612H.
toReS aoh 6'sso WIcb DecemRer nee SsSo 5sn nsh
Bid. a-Asked.
a-Asked. Bid. New.
Evening star., 1937-10-03
New Orleans Price!

New Orleans Prices.
NEW ORLEANS. October . (P-Cotton
futures closed steady at net declines of
tn
Evening star., 1937-10-03

Al nghh 'ssesusd Cambni9se Assseiaiac. Ro,to,
The Washington times., 1937-02-23
Farm BeckOnS Justice Roberts
When Court Duties Permit
Jurist Emerged From
Rural Retirement
To Take Seat

A lawyer who wanted to become
a farmer and ended up on the
United States Supreme Court
bench is Associate Justice Owen
j. Roberts.
He was born in Philadelphia
and will be 81 years old May 2.
His home now is in West Vincent
Township, Chester County, Pa.
Not long ago he said he had
decided to retire from the legal pro,
feSSion. His last big job had been
under an appointment of President
Coolidge to prosecute cases arising
out of the Teapot Dome scandal.
So he bought his farm in Penn
sylvania and then. in 1880, was
appointed to the Court and took
his seat June 2, 1880.
He still enjoys the life of a
farmer when he gets away from
his official duties. He raises fine
cattle, and not so long ago went
to Virginia to select cattle to re-
pleniSh his stock.
He has liked riding horseback
all his life. Two years ago he was
thrown and his arm was broken.
Since then he has refrained from
this relaxation to a great extent.