davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-09-26
Giant Ne,u Steel Mill Rises.
But Home Builders Hang Back

estate men or contractors to build the
residential city which the company
asserts will easily exceed 4 popula-
ton Of 10000
The company says it does not want
to go into the home-making business
itself. 1t IS hopeful that real estate
operators will come to Its viewpoint
that real estate built on those hills
will be an unusually safe investment
and = profitable one.
Many conferences have been held
between Carnegie Illinois ofncials and
real estate men, but no. plan has yet
been developed.
About 30 per cent Of the mill work.
ers will be skilled men and would make
dependable tenants. In the opinion Of
the steel executives.
II planned community Is not
built, the company fears that mush-
room growth may spring up next
Summer when the slant begins opera
tions.
Evening star., 1937-09-26
COTTON FOLLOWS
F|RMER COURSE
New Pressure Toward Close
Wipes Out Portion of
Earlier Advance.
BY the Associated Press


NEW YORK. September 25.-The
trend Of cotton was reversed today on
Wall Street covering but renewed
pressure toward the close erased part
OF the gains. December, which had
rallied from BIT to 838, ended at
8.25 with final prices net unchanged
to 6 points higher.
Recent losses we're extended a few
points further in early trading. but
the volume of selling was noticeably
smaller than Friday ano prices soon
turned firmer, covering through
Wall Street houses, especially in De-
cember, carried that delivery up 100
bale from the early low and the list
to net gains Of 9 to II points.
A last minute rush of hedge SELL
ing and sudden reaction in the stock
market accounted for a reversal. Final
prices were of to 13 points from
the best. The advance was credited
partly to an improved technical posi-
tion. The amount OF cotton on ship
board awaiting clearance at the close
OF the week was estimated at 100
900 bales against $1,000 last year
and 1900 two years ago.
The ropOo folloue.
Evening star., 1937-09-26
Upturn Diverts Attention
From Tangled September
Corn Situation.
BOARD OF TRADE ENDS
DEALINGS IN MIDDLE
Unusual Action Stops Threat of
Serious Squeeze" Two Days
Before Deadline.
BY FRANKLIN MULLIN.


CHICAGO. September 25.-A dip Of
q cents in wheat prices, followed by
4 rally that virtually erased the loss
as the market developed a steadier
tone at the close, diverted grain trade
attention today from the muddle in
September corn.
Amid charges Of manipulation in
corn and floor gossip that this allega-
tion might be made in possible dis
ciplinary action against some interest
involved in the September corn Geal,
the Board Of Trade took the extraor-
dinary step of halting all trading
in the contract two days before deal
ings ordinarily would have ended. 1t
stopped abruptly the threat of q Sc
rious squeeze"
Situation Unprecedented.
The exchanges action climaxing
two weeks of almost continuous con-
ferences among officials, precipitated
an unprecedented situation in the
market. 1t shut OFF contemplated
dealings Of adjustment in the pit
which respective interests in the corn
deadlock might have taken today and
Monday. Furthermore, it left contracts
involving 100000 bushels of corn to
be settled by next Thursday. A por-
tion of this will be eliminated by
delivery and the rest by payment of a
settlement price Of $l.101a fixed by
the exchange Traders falling to
make settlement might be subject to
expulsion or suspension and also
might be forced to answer to the
Commodity Exchange Administration
which could revoke licenses OF op-
orators involved.
Responding to the halt in Septem-
Der trading. corn dealers bid up the
price OF October corn to 1874 cents
a bushel just before the close, or 3A
cents net gain. The contract closed
at 73ss. The last quotation on Sep
tember corn yesterday was sl10 to
Sill. December and May corn rose
about cent on steadiness of the cash
market. September corn at Kansas
City broke the Accent limit to 90 and
closed at %.
Liverpool Price Down.
Wheat sagged y cents in sympathy
with tx to 2 cent decline at Liver
pool and recent breaks in securities,
but later recovered on reports of a
fair export demand for North Amer
ican grain.
Some early selling was attributed to
Eastern sources, while late buying
came from commission house and
short covering.
Wheat closed u lower to u higher,
compared with yesterdays finish. Sep
tember, 1855; December, 1055s-%;
May, 1.06% -07; corn was q PA up,
October. 1885; December. 647s-65;
May, 655s-A; oats, 4 lower to u
higher; September, 32A; rye. ~
up, September, 8284; lard, IL to 35
cents down.
Oats were little changed, but rye
displayed firmness. Lard dropped
sharply on selling by Longs" in
nearby contracts.
Grain range at principal markets today:
Evening star., 1937-09-26
U. S. Agency Starts
Apple Purchases
To Bolster Prices
BY the Associated Press.

BY the Associated Press.
The Federal Surplus Commodities
Corporation began yesterday a pro-
gram Of apple purchasing in vir-
ginia. West Virginia, Maryland and
Pennsylvania to relieve distressed
marketing conditions.
The Agricultural Adjustment Ad-
ministration announced the corpora
ton is offering to buy Grimes Golden
grading U. S. fancy or better at so
cents per 100 pounds bulk or so cents
per bushel basket in the four States.
Purchases will be made directly
from growers, from packers or ship
pers. No quota system will be fol-
lowed. officials explained, but the
purchases will be made where and
when they will do the most good in
maintaining prices.
Robert w. Tyson. George Wash
ington Hotel Building, Winchester,
Va, is the representative In the area
for the F. S. C. C.
The purchased apples will be dis
tributed for relief purposes through
State relief agencies.
Evening star., 1937-09-26
ELK HORN PLAN CONFIRMED.

NEW YORK, September IS R.-
The stock exchange has been advised
the courts have confirmed the reor-
ganization plan Of Elk Horn Coal
Corp. by order dated January IL,
1887, and the plan has subsequently
been contaminated. Under the plan
each share Of 6 per cent non-cumu-
lative preferred stock Is entitled to
one share Of common stock of the
new company and each share pres
emily listed common stock is entitled
to one-quarter share Of common Of
the new company.
Evening star., 1937-09-26
CAR PRICE BOOSTS
NOT EXPECTED-T0
MEET COSTS RISE
Advances on 1893 Models
Will Fall Far Short,
P0or'S Declares,
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, September 25.-The
new price schedules for 1898 auto
mobiles. showing increases of 2.5 per
cent on low-priced cars and up to
6.5 per cent, on medium priced models.
will fall far short of compensating
manufacturers for higher wage and
material costs. it is pointed out in
Poor's Stock Reports.
The cost of sheet steel in July of
1887 was 20 per cent above the aver
age price during 1896, while forged
steel showed a II per cent increase
over the 1896 figure" states the re-
port.
The average automobile contains
about $500 pounds of steel. It is in
teresting to note the increase in the
material costs Of certain individual
items on the basis of the average
amount required in the production
of single automobile.
Higher Expenses Listed.
"The following increases in costs
are indicative of the changes in ma
terial prices as of July, 1887, COM
pared with the average for 1896: Cast
iron, $3.50, against 1894; rubber,
$42.5o, against $500; copper, $3.50,
against $500; lead, $3.50, against
$3.50, and zinc, $2.20, against $1.60.
1t is obvious that the percentage in
creases of raw material prices is far
out of line with the car manufac-
,turers' price advances.
Moreover, wages paid per worker
in the industry have shown a rise of
better than Is per cent since the first
part of 1886. This increase in op-
Grating costs, combined with further
expenses concurrent with labor trou-
bles. has served to reduce profit mar
gins.
Sales Trend Uncertain.
"It remains to be seen whether the
new price schedules will have any
effect in building up consumer resist
ance and slowing down sales. Chair
man Sloan of General Motors has in
dicated that he expects dollar volume
of sales next year to run in excess of
1887 figures. However, there is no
definite forecast that unit sales will
exceed 1886 or 1887.
Further increases in the prices Of
automobiles appear to be necessary
for manufacturers to maintain earn
ings during the next II months at
figures which would compare favor
ably with those experienced during
the last 18 months. While 1888 VOL
ume may be around 1867 levels, it
does not seem probable that sufficient
increases Of sales will develop to
absorb the higher manufacturing
costs"
Evening star., 1937-09-26
az the Associated Press.

PITTSBURGH, September 25.-On
the hilltops overlooking the broad
Monongahela River, giant $63, ,000, 900
steel mill is rising to form the center
of new community in the industry.
It is the Irwin Works Of the Car
negie- Illinois Steel Corp, major unit
of United States Steel Workmen
will complete the project within the
next year
The corporation selected the site on
Camden Hill, removed from already
overpopulated mill towns, to bring the
1000 men who will be employed and
their families the benefit Of the coun-
try air.
But today the company is faced with
the possibility that the planned COM
munity of neat little houses which it
had envisioned about the rolling lands
may not materialise with outside pri-
vate capital.
No move has been made BY real
Evening star., 1937-09-26

cluded 1T Old
Point Comfort,
Va, It Is an
nounced. T h e
~Eds, made to
Troy M. Rodlun,
Acacia Adertis-
ing ma n a 6 e r,
covered dire I
mail advertising,
sales promotion,
recruiting m a :
terial, weekl y
publications to
age is, an q
vn,-intAd material
a,ch as circulars
~HA fhA likA
Evening star., 1937-09-26
INVESTMENT COMPANY
STOCK AVERAGES SAG
Special Dispatch to The Star

SpecIHI OIspAtcr 20 I ne SUIT.
NEW YORK, September 25.-In-
vestment companies common stock
prices declined with the general mar
ket last week, according to the av-
erages compiled by Distributors Group,
Inc.
The average for the common stocks
for 10 leading managementc companies
influenced by the leverage factor stood
At 1880 at the close of September
"a, compared with l7.77 on septem-
Der II.
The average Of five mutual type in
vestment funds closed at 1926 on
September "a, compared with 14.70
on September II.
Evening star., 1937-09-26
KEYSTONE STEEL VOTES
DIVIDEND OF rs CENTS
BY the Associated Press

BY the Associated Press.
NEW YORK, September 25.-Di-
rectors of Keystone Steel 81 Wire Co.,
Chicago have declared quarterly div
idend of 25 cents a share on capital
stock, payable Nov. l to stock of record
Oct. IL. In previous three quarters
payments of is cents share were
made. Company stated increased pay
ment reflected policy in light of un-
distributed profits tax and did not es-
tablish regular basis.
Evening star., 1937-09-26

which meets in
Boston October
11-14, at the same
time as the meet
ing Of the Amer
lean B q n k e r s.
Association. He
will pc ak on
"Bugetary Con-
troll" the pro-
gram distributed
to members here
states.
Arthur j. Linn,
controller of the
H q m j t o n Ma
tional Bank, is
A.e& rrino nroci
Evening star., 1937-09-26

Cottonseed oil closed steady. Bleachable
prime Summer yellow. 7.25 nominal: prime
crude, 5.76-5 .S7h: October. 6.65b: De-
cember,. 6.67b: aJnuary. 7.s6b; March
6.77h. Bid a-Asked,
Evening star., 1937-09-26
HOURS TO BE CHANGED.

NEW YORK, September IS LR.-
With the change from Eastern day.
light time to Eastern standard time
on Sunday night all principal markets
in New York will adjust their sched-
ules to the new time.
Evening star., 1937-09-26
SAVANNAH NAVAL STORES,

SAVANNAH, September 25 R.-Tur.
394: shipments. "a stock. 40,6b7. Rosin
13O: stock. 65.34S. Quotes B, D and e
7.50; F. G and H. 7.75: 1, X and M, 7.SO
N, 7.90: VIC. $40: WV. $685. and x, SO
Evening star., 1937-09-26

8,725,00 on the
o p e n in g date
have grown to
ap pro x imately
s25, 900, 900 wit h
an increase of
$4,000, 1000 during
the last twelve
months.
N E t earnings
and profits, be-
fore dividends,
for the four-year
period total S784,-
900, Preside n t
Graham a d d ed,
and divi d e n d S
aQQreCafinp E10n -
Evening star., 1937-09-26
Initial $8,725,00O Deposits
Have Climbed Close to
$25,00O,00O Mark.
MARX WILL ADDRESS
BANK AUDIT GROUP
Riggs Controller to Speak at Bos-
ton-Arthur J. Linn of Hamilton
Slated for Presidency.
BY EDWARD C. STONE

Marking the fourth anniversary yes
terday of the opening of the Hamilton
National Bank, President E. C. Gra-
ham announced that deposits of
Evening star., 1937-09-26
New Orleans Prices,

NEW ORLEANS. September 25 LP.-Cot-
up to points down. N-''
Evening star., 1937-09-26
COttOnseed Oil,

Cottonseed oil was easier today
under renewed liquidation and hedge
selling promoted by the easiness of
grains and lard. All deliveries were
at new low levels for the season.
Final prices were / to 10 points net
lower, with sales Of 127 contracts.
Bleachable spot, nominal; october
closed, TOT; December. 72O; January,
7.22; March, 727; May, 1886.
Evening star., 1937-09-26
WOOL TOP FUTURES.

NEW YORK, September 26 [R.-Wool
top futures closed quiet, 10 lower to 5
Evening star., 1937-09-26
SELLING STOPS
MODERATE RALLY
IN STOCK VALUES
Early Advances Replaced
by Closing Losses of
Fractions to 81.
MANY SHARES SLUMP
TO NEW 2-YEAR LOWS
Corporate Bonds Also Decline,
With Rails Off Fractions to
About 6 Points.

WHAT STOCKS DID,
Evening star., 1937-09-26

WINNIPEG. September % R.-CaSt
wheat. No. l Northern, 1.36H; No. e
Northern. 1924; No. 3 Northern. 1.21N
Oats No. white. 553s: No. 3 white. 5O3s
Evening star., 1937-09-26

(See BUSINESS. Page E-4.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Sand Greek

Mr.. and Mrs. Tom Calvert and two
daughters and Miss Betty behring's
of Huron, S. D., visited Mrs. Conrad
Svardahl Saturday.
John Matthias and family, who
have been living on the Ostberg farm
the past year, have rented a farm
near Askov and moved onto same
Monday.
MIR. and Mrs. Teddy Rydberg re-
Gently returned to their farm after
spending several weeks in Mime
apolis.
Friends will be sorry to hear that
Trygve Roland was taken i'll with
an attack of appendicitis Sunday and
was taken to hospital in Cloquet
and was operated upon that evening.
At this writing he is getting along
nicely.
MIR. and Mrs. Carl Gjertson of
Owatonna, came Sunday for weeks
visit with relatives here and in Sand
stone.
o. Roland, who has been visiting his
brother at Chisago City the past
week, returned home Sunday.
Visitors at the Engebo home Sum
day were Arne Roland, Carl Mogen-
sen, Mr.. and Mrs. c.. Hanson and
Mrs. Paul Marohn. Paul and Wal
lace Beeman were callers there Mon
day evening.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
East of Bruno

Mr.. and Mrs. Erode Bruce and family
and Mrs. Lund and daughter, Gladys
drove here from Junction City, Ore. and
arrived Saturday morning, June 5. II
was a joyful surprise when Mr.. Lohnel
got up in the morning to find them
in the yard. He had not seen Mrs
Lund for 10 years They expect to
and relatives in and around ASkov.
John Nelson and family visited at the
Geo. July home Saturday evening.
Robert PierSon and family visited at
the Esmond home Saturday.
Mr.. Chechof did some blowing with
a tractor on the Jap Hill farm recently
The John Nelson. John Wahlstrom
Walter ESmOnd, HoSmer Miller and r.
j. Miller families helped Mr.. and Mrs
anniversary last Thursday evening. a
very enjoyable time was reported.
Miss LenOra Rupp closed a very sue
ceSSful term of school at the Jackson
SchoolhouSe recently. picnic was held
and the children and parents enjoyed
the day.
Mr.. and Mrs. Joe Dubie of the Willow
River vicinity. spent Sunday evening at
the Ed Rupp home.
Floyd Cahoon recently moved some
more of his goods from Kimball to his
home here.
Mr. and Mrs. Peters are entertaining
Mr.. and Mrs. Ed. Schrim of Long
Beach. Calf. They intend to do some
fishing and enjoy the scenery of north
ern Minnesota.
Mrs Fred Rupp and daughters moved
to Albert Lea this week.
Harry Osterkamp spent Tuesday night
with his grandparents. Mr.. and Mrs. Ed
Rupp.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Rutledge

Mrs. Harold Sellig and Donna Mae
of Denham, were Saturday visitors at
the Liljedahl home.
Mr.. and Mrs. Carl Meyers and chill
dren of Moose Lake, were Sunday
visitors at the Youngbauer home.
Albert Anderson returned Satur-
day after visiting relatives at Chi
cago and Minneapolis the past few
weeks.
Mrs. Julia Salkiewicz of Askov,
was a Monday caller here.
John Jaros has completed eXcavat-
ing the basement for his store. He
plans starting the construction this
week. 1t is to be a brick building
SO by 40 feet and when completed
will be a fine improvement to this
community.
The Misses Ann Mcnamara and
Doris Datko, Carl Schilling and Yer
non Datko were Askov visitors Sun
day evening.
Carl Schilling returned Monday
evening to Darwin where he is en-
ployed.
Mrs. Guss and Frank, Jr., were
Moose Lake visitors last Thursday.
Pete Ruckoff and John Guss were
Cloquet callers Monday evening.
Mrs. VIM. Koenitz and Ernest and
Russell Datko were Willow River
shoppers Tuesday forenoon.
Mrs. F. GuSS and son, Frank, Jr.,
were shoppers in Willow River Tues
day.
Mr.. and Mrs. Frank Pangerl and
Bunny were Sandstone shoppers last
Thursday.
Miss Doris Datko is now employed
at Bills Place.
Mr.. and Mrs Andrew Youngbauer
celebrated their 18th wedding ami
versary by entertaining folks of the
community with a party at Andy's
Place Friday evening. Friends hope
that Mr. and Mrs. Youngbauer will
be privileged to enjoy many more
happy years together.
Mr.. and Mrs. Albert Anderson
were business callers in FinlaySon
Monday.
Mrs. John Jaros went to st. Paul
Monday.
Mr.. and Mrs. Hugh Cornell (nee
Aida Walton) of Anacortes, Wash,
called to see Mrs. Underhill and old
acquaintances here enroute home
from a visit with Mr.. CornelPs par
ents in Iowa and their daughter in
Indiana The Cornells were former
residents here and did not recognize
the village of Rutledge when they
arrived.
Mr.. and Mrs Art Liljedahl have
purchased the Jensen home here from
Jalmer Jensen of Minneapolis, and
will occupy it as soon as the occu-
pants, Mr.. and Mrs. Albert Ander-
son. are able to find a house.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Norman Township

Mrs. William Degerstrom and chill
dren spent Tuesday afternoon at the
Olaf Nelson home.
A waterless cooking demonstration
was given at the Julius Waletzko
home last Thursday evening and a
very good dinner was served to six
families.
Mr. and Mrs. Robert Hanson en-
joyed visit recently from Mr.. Han
sons sister from Minneapolis. She
left for her home again Friday.
Miss Lille and Frank Purull Wis
tied at the Gust Overbecke home last
Thursday evening.
The Catholic Ladies' Guild of Bru-
no, had its meeting with Mrs. Chester
Waletzko Wednesday afternoon, June
2. Miss Dorothy Severson was elected
treasurer.
Miss Lille Purull and Mr.. and Mrs.
Bud braves spent last Thursday aft
ernoon at the L. j. futile home
Mr.. and Mrs. Aug. Kruger Wis
tied at the Steve Purull home Sunday
evening.
Miss Lille and Frank Purull spent
Sunday afternoon at the parental
Steve Purull home.
Mr.. and Mrs. Steve Purull and
daughters visited the Ferndale Muir
Sery in Askov Saturday.
Mrs. Carlton Stafford closed a very
successful term of school Friday with
picnic. Ball was played in the aft
ernoon.
Mr.. and Mrs. Julius Waletzko and
baby spent Tuesday evening at the
L. H. Kowitz home.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Fleming Township

The Leon Beavens family went
fishing Sunday at Tamarack lake.
Lee said they caught "bullheads that
were bullheads!"
Owing to the wet and cold wealth
er some of the people here have had
to replant their rutabagaS.
Ed Beavens had the misfortune
Sunday to lose valuable cow which
was kicked by a horse.
Mr.. and Mrs. Gust Johnson and
Florence Anderson called on friends
in this township last Thursday.
MIR. and Mrs. Ed Beavens and fam
lily called at the Ted Brieland home
Sunday to see the new girl.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Hay Greek

Those who called at the Joe Cha
telle. home this week were Mr.. and
Mrs. Ed Cooper on Tuesday, Mr.. and
Mrs. Erwin Phinn on Thursday, and
Mrs. Agnes Wedge on Friday. Mrs
Chatelle is slowing improving.
John Anderson and Arvid Lang
strom were in Duluth Saturday. They
report that it was so cold in Duluth
they had to wear overcoats.
Believe it or not Mrs. Joe Chatelle
has ripe tomatoes now and she in
vites her friends to come and see
them. The gardens are coming well
in this locality in spite of the cold
weather. The potatoes, corn and
oats are looking fine. Cutworms are
doing some damage though.
News reached here recently that
Ed Steinbring, who was taken to a
Minneapolis hospital was going to
have an operation on his foot Fri
day or Saturday. Friends hope that
he comes back soon. The sympathy
of the community is extended to the
family Mrs. Edith Steinbring was
called to the hospital Friday.
Mrs. Tilda Lawson visited Mrs
Phinn Wednesday of last week.
Mrs. Van Reese left recently to
visit her mother at Minot, S. D., two
months.
Mrs. Florence Seifkas was very i'll
recently, but is better at this writ
ing.
Ila Chatelle called at the Ed Quig-
ley home on business Monday.
Willis SeifkaS purchased chicks
from hatchery recently.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-06-10
Kerrick

James Murphy and Ernest Neuman
took the school children and their
teachers to Pine City Saturday to at
tend the play day exercises. but due
to the rain and sunshine (mixed half
and half play day was postponed I'M
til the following. Friday. The chill
dren ate their lunch and played a
ball game against a mixed team and
then returned home.
Mr.. and Mrs. Arthur Lund spent
Sunday evening in Moose Lake.
Miss Patty Hogan arrived home
Saturday from school to spend her
vacation with her parents.
Odin Miner of Moose Lake, visited
at the Milton Beckstrom home Tues
day.
Mrs. A. C. Fuhrmann, accompanied
by Mrs. Victor Johnson, Mrs. M. F..
Beckstrom and Mrs. James Murphy,
motored to Pine City Saturday to at
tend play day.
Odin Miner and his sister, Mrs. M.
F.. Beckstrom, visited their sister,
Mrs. Henry Hanson, in Barnum, Tues
day afternoon.
Mr.. and Mrs. James Murphy and
children visited at the home of his
sister in Bruno Sunday evening.
NJ. F. Beckstrom and Geo. Peterson
motored to Duluth Wednesday with a
load of iron.
Milton Beckstrom and Harry o. An
derson of Moose Lake. made a bust
ness trip to Duluth last Thursday.
Mr.. and Mrs. w. Sanford (nee Mar
garet Hogan) are the proud parents
of baby girl born Friday in Moose
Lake.
(From Another Correspondent
Eldred Parker has made some very
nice improvements around his place
during the past week. Cy Halver-
son is also fixing things at the lum-
beryard.
James Murphy hauled a load OF
oats from Minneapolis this week.
All the children seem to feel SO
badly this week. Is it because school
is out or what?
Daily vacation Bible school will
start Monday, June IA, at the local
Presbyterian church and continue
through the week. Send your chill
dren to Bible school.
On next Sunday, Children's day
will be observed at the Presbyterian
church and a program will be rem
dered. All are invited.
On Saturday, June IL, the Presby-
terian Ladies' Aid will meet at the