davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-10-15
A. I. & I. REPORTS
HIGHER EARNINGS
Quarters Net at $44,687,-
274, Against $43,053,208
in Period Year Ago.
BY the Associated Press.

NEW YORK, october 15.-Amer-
ican Telephone g. Telegraph Co. today
reported for the quarter ended Sep
tember 30 net income OF the parent
company only OF $44,687.274, equal,
after charges, to $3.50 a share Of
capital stock. This compares with
$43 ,053 ,208, or $3.50 share in the
comparable period of 1886.
Consolidated net earnings of the
company and it's 25 principal subsidi-
aries. applicable to the capital stock
Of the parent company, for the three
months ended August 81 were placed
at 40,857,734 after charges, equal to
S2.19 share, compared with $42 $780,
818, or S2.29 a share in the quarter
ended August 81, 1886.
Hiram Walker.
Hiram Walker -Gooderham g. Worts,
Ltd, reported consolidated net profit
of $6,463 ,633 for the fiscal year ended
August 81, equal to 1929 each on
724, ,004 shares of common stock. This
compares with $4,796,l20 the previous
year, or $6.56 on 100000 common
shares.
American Chiclc.
The American Chicle Co., chewing
gum manufacturers, reported net
profit of $l022,665 for the quarter
ended September 80, equal to S2.33 a
common share This compares with
a net of S999,512 and $2.27 per share
earnings the previous quarter. and
1881, ,28l and S189 a share the same
quarter ]ast year.
Continental Baking.
The Continental Baking Corp,
which operates principally in the
North and East, reported net profit
of 81 l,20l 1892 for 13 weeks ended Sep
tember 25, equal to S1.37 each on the
class "A" shares. This compares with
81, ,007, 500 for the previous 13 weeks
equal to 10 cents a share, and with
S1,020.236 and rs cents a share for
the same period Of 1896.
wilson Jones.
Wilson-Jones Co. of Chicago, manu-
facturers of loose-leaf books and other
Office and school equipment, reported
net income for fiscal year ended
August 81 was $58o,935. equivalent to
S212 each on 272,800 shares This
compares with s45l,85 for the pre-.
vious fiscal year, which was equal to
1891 each on 136,100 outstanding
shares.
Evening star., 1937-10-15
CHICAGO LIVE STOCK.

CHICAGO. october IS Up Omitted
states Department of Agriculture) Hogs,
1000, including 1000 direct; generally
10 to 5 cents higher; weights 200 pounds
down mostly 25 cents higher: top. ! 25:
bulk good and choice. i70-230 pounds.
lo.go-l 90 few butchers. 240-3OO pounds,
II 90; most good packing sows, p.35-65:
hghtweiehts TO 9.75 and better.
Cattle. 1000: calves. 500; steady trade
On all slaughter classes following rather
complete clearance Thursday and small
run today; small number lightweights and
yearling steers. .9.25-12 80: few loads
1871 ,275 pounds, 14.00-25: grass heif-
ers and all cows reliably wanted: most
grass heifers 6.25-7.75. few 500 upward: I:
strong-weieht cutter cows to 500: most
beef grades. 5.25-675; bulls strong, out
standing individuals to us; most offer
ings 7.00;- vealers strong to higher: few
select. 1880; bulk, II 90 down,
Sheep. 1000. including $500 direct:
fat lambs moderately active; mostly steady.
quality. considered: good and choice ma
tiyes. lo.50-75; choice lambs held l0s5-
90 and above; undertone steady to easier
on sheep, native ewes. 3.50-450; as yet
no action on feeding lambs.
Evening star., 1937-10-15
BOSTON WOOL MARKET.

BOSTON. october Is LP.-A little trad
s1ng was done on fine Western-grown woods
in today's market. Prices however, were
irregular because of holders varied ideas OF
values and extremely limited demand
Sales comprised mostly small clips no siza-
BILE lines being reported in recent trans
actions.
Prices on fine territory clips were below
80 cents. secured basis, in some cases. bu,
sales under this level were reported mostly
on inferior woods or distress lots
few fine territory woods of fair comb
ing length sold around so to S3 cents
secured basis, Most houses wanted at least
SIS for large lots Of good French combing
length. Some asked 30 cents.
Evening star., 1937-10-15
FOREIGN MARKETS.

LONDON. October Is 1P,.-The stock
market closed with a mixed tone and trad
Ing was quiet and featureless fairly
large number of accounts we're closed out
Tor over the week end IndustriaIs had
strong tone early in the day with tobacco,
steel and shipping issues in good demand
The transatlantic section remained steady
and better tone was noted in the gilt
edged group. Home rails. oils and rlining
shares closed steady
PARIS.-Government bonds and Bank
OF France shares closed lower and inter-
national issues. we're mixed Suez Canal
was down f15 francs and Royal Dutch. 81.
Rentes finished unchanged to 90 centimes
lower.
Evening star., 1937-10-15
CURB LIST MIXED
IN LATE TRADING
Some High-Priced Issues
Advance, but Many
Groups Ease.
BY the Associated Press.


NEW YORK, October 15.-Rallying
tendencies in some higher priced
stocks cropped out in final curb mar
ket dealings today. Gains of a point
or 50 were recorded in several issues
lately under heavy pressure.
Fractional losses were the rule with
utility, oil and speciality groups affect
ed. Gaining a point or SO were Mont
gomery Ward A. Newmont Mining,
aluminium Co., Creole Petroleum and
Sherwin- Williams.
Dwindling fractions were United
Wall Paper, Niagara Hudson Power,
Pantepec Oil, Pennroad, Sunray Oil,
United Light &, Power f., American
Cyanamid B, American Light 81 Trac-
ton, Electric Bond g. Share and Lake
Shore Mines.
Pittsburgh sPlate Glass cropped
slightly over a point near the close.
American Gas e. Electric, st. Regis
Paper, Wright Hargreaves. Cord
Corp, and Tech-Hughes Gold held
about even.
Evening star., 1937-10-15
NEW YORK SUGAR.

y NEW YORK, October Is R.-Sugal
futures were steadier today on increased
trade covering and commission house buy
Ing. Influenced by the steadiness Of the
spot market.
November No. 4 after reactins point earl,
to 1.07, sold UP to 1.10. or 2 points net
higher, on covering in advance of first
to LA. or l. point net higher. No. 3 De-
cember sold at 2.2S and March at $50. or
/ point net higher
Evening star., 1937-10-15
SPECIAL DIVIDEND VOTED.

NEW YORK, October IS tP).-Clark
Equipment Co.. manufacturer Of auto
motive parts with principal plants in
Michigan, declared a special dividend
of So on the common stock payable in
$l00 par value per cent cumulative
preferred stock. The dividend is pay
able December l to stock of record
October 30.
Evening star., 1937-10-15
FRENCH BONDS DRAWN.

NEW YORK, October is LP).-J. P
Morgan e. Co., as sinking fund ed-
ministrator for French government
external Z per cent bonds due Decem.
Der l, 1949, has announced the draw.
ing by lot of s2,036,20O principal
amount Of that issue per redemption
December l, 1897, at los per cent OF
par and interest,
Evening star., 1937-10-15
Liverpool Quotations,

LIVERPOOL. October Is dP.-cotton.
$1,000 bales. including 35.4O0 American
Better demand for spot with improved
business; business; prices l3 points lower. Quo.
niddlipe. 5.67; good middline 537: strict
middlif1e, 5.l2: middling. 4 So: strict low
good ordinary. 357; good ordinary. 3.i7.
Futures closed quiet. steady Close: Octo-
per. 4.64; December, 4 4.69; January. 40:
March, 4.74, May. AIS; July, 80.
Evening star., 1937-10-15
New Orleans Prices.

NEW ORLEANS. October Is tPl.-Lower
loreign markets and hedge selling brought
declines OF to points in early cotton
dealings here today
Weather conditions continued unfavor-
support.
October opened at s2T. December at
S;2o. January at S.14. March at S17 May
at S3b
The trade bought on the scale down but
IN insufficient volume to cause rally
Toward the end of the first half hour ac-
tive positions were s to IL points net
lower. Cottonseed oil opened steady
October: 6sob: December. 6s5b: January,
6.S5b; March. 6.S7b: May. 6.s3n.
Bid. Nominal
Evening star., 1937-10-15
METAL MARKET.

NEW YORK. October IS R;-copper
IL. 90; export. 11.62h Tin easy; spot
and nearby. 81 90; future. SO .62H. Lead
Louis, 6.S5. Zinc easier: East St. Louis,
spot and future, 6.0O-625 Iron. alumi-
mum. platinum, antimony and wolframte
unchanged. Quicksilver, $3.50.
Evening star., 1937-10-15
new YORK COTTON
BY the Associated Press.

NEW YORK. october l5.-Cotton
was quiet today. early losses in SYM
pathy with easier foreign markets be-
ing followed by recoveries on light
trade buying.
Prices moved irregularly and at
the beginning of the last hour were 4
points net lower to higher. Decem-
Der was selling at 82l after having
recovered from 813 to 828.
Evening star., 1937-10-15
MONEY MARKET.

NEW YORK. October is P.-Call
money steady: l per cent all day: prime
commercial paper. l per cent: time loans
steady: 5000 days. IA: As months l "a
1ediscount rate, New York Reserve Bank.
Evening star., 1937-10-15
NEW YORK. October Is 1P-Prices
quoted in dollars and thirty-seconds
ODD-LOT DEALINGS.
" the Associated Press

The Securities Commission reported to-
day these transactions by customers with
odd lot dealers or specialists on the New
York Stock Exchange for October IA
13,2S4 purchases. involving 300 400
shares: 9209 sales involving 25o.o57
Evening star., 1937-10-15

In bankruptcy or feceivership or beine
reorsanised under the bankruptcy At g
securities assumed b. such companies
Rates Of dividends in the foregoing tahle
are annual disbursements based on the last
quarterly or semi-annual declaration Un-
less otherwise noted special or extra divi.
dends are not included.
Also extra or extras. Paid iast yoar
Payebs in stock. Declared or paid -
far this year.. no regular rate. Cash
or stock. Accumulated dividend. paid
or declared tnts year. vw-With W1r-
rants. ~ without warrants. var War.
rants
Evening star., 1937-10-15
Security Offerings
Decline to Low
Point for Year
By the Associated Press.

By the Associated Press.
NEW YORK, October 15.-New
financing for the week ended october
IA was the lowest for the year, a
compilation by Poor's Publishing Co.
showed today, amounting to only $6,-
363,500.
The table of comma risnnS Shnurad.
Evening star., 1937-10-15

sActOaI Sales unil Of trading 10 shares.
In bankruptcy recevershp
bankrupcy sct or securities ASSUMED By such companies
Rates OF dividends table
bursements
| included
Ex dividend xr Ex rights Also extras Paid
last year Payable in stock Declared paid far this
Cash Accumulated dividend paid
Evening star., 1937-10-15

Add letter
the letters for which the
word below the definition and
opposite the word If the solved correctly the added letters will
list below be exhibited
Washington
Automotve Exhibit Hail. 1912 Twnourth street northwest between
Association which, cooperation conducting
Evening star., 1937-10-15
NASH
OLDSMORuE
PACKARD
PIERCE-ARROW
PLYMOUTH
FORD
GRAHAM
HUDSON
HUPMOBuE
LA SALE
LINCOLN
PONTIAC
STUDEBAKER
TERRAPLANE
WILLYS
ZEPHYR

The first appeared
until October 49, 1887
to this be studied from the files
Solve each and earlier October 2e 1887 but not
than midnight October a. 1887 all Of with
Be Held In Washington c. the Washington Automov Trade
Association, 1927 northwest Washington c.
puzzles compulsory
or pubiShed. and entries win be
Oddcias OF the Warrington Automotve
on will be nna VIII act Judges based
In which the solutions
holding Automobile
tickets to the Automobile prize
and tickets 10 prizes Of 81 and tickets and prizes Of tickets
each In case Of ties duplicate prizes will be awarded
Winners will
Sunday Star October 1897 Questions
nsn Automotvs Trade Association Washing
D. C.
Evening star., 1937-10-15
INVESTING COMPANIES

NEW YORK. October Is GP.-New York
Security Dealers Association:
(Noon Quotations)
Evening star., 1937-10-15

VOIVOHStcu OIl.
Bleachable cottonseed oil futures
closed firm, IL to is higher: sales. 256
contracts, October, 1886; Decem-
Der, 7.5o; January, ISL; March, 7.5ob;
May, 1888. -
Bid.
Evening star., 1937-10-15
INSURANCE STOCKS

NEW YORK. October Is O41.-NeW York
Security Dealers Association:
Evening star., 1937-10-15
NEW YORK BAR SILVER

NEW YORK, October Is (P).-Bar
silver steady and unchanged at 44s..
Evening star., 1937-10-15
FOREIGN

Ww-With WARRANTS xW-Without war.
rants n-New. st tstp)-Stamped
sNegotiability impaired by maturity.
fCompanies reported in receivership.
Evening star., 1937-10-15
Cottonseed Oil.

Spot steady; middlins, s.56.
Nominal.
Evening star., 1937-10-15
U. S. TREASURY NOTES.

'lared or paid so far this year.
Evening star., 1937-12-25

Baseboards Color of Carpet.
A new note recently sounded by
decorators and which is rapidly gain
ing favor is to paint baseboards the
color OF che carpet. Frequently this
Is q color different from the trim.
Evening star., 1937-12-25
new HOME LOANS
PUT AT $7,848,000
November's Total for Winston.
Salem Area Largest Of Any
of Districts.

Active savings and loan associations
in the district served by the Federal
Home Loan Bank Of Winston Salem
made new home mortgage loans in
November totaling s7,s48, 900, the larg-
est for any Of the Federal Home Loan
Bank districts, it was announced to-
day by the Federal Home Loan Bank
Board. The Winston-Sale bank
serves Maryland, the District Of Co.
lumbia. Virginia. North Carolina,
South Carolina, Georgia, Alabama and
Florida.
OF the November total, State
chartered member associations of the
Federal Home Loan Bank system ac-
counted for s4.o73, 900, and Federal
savings and loan associations for $2,-
100000. Active associations in the
Winston Salem district which are not
members Of the system reported new
home loans aggregating $1.035,0OO.
In the entire country in November,
new loans by active associations
amounted to s53.77o,o00. an increase
Of per cent over the $53,007 900 in
November. 1885.
Evening star., 1937-12-25
HOUSING LEADERS
TO CONVENE HERE
Association to Launch Campaign
for Private Enterprise in
New Construction,

Declaring that legislation to liber-
alize the F. H. A. regulations about
to be passed in Congress fails to pro-
vide means Of solving the national
housing problem. Don A. LOTUS, presi-
dent Of the Home and Community
Builders National Association, today
issued call to leaders in the home
building industry to join the associa-
ton in launching an aggressive CAM
paign in 1898. using available re-
sources Of private enterprise instead
Of a Government "crutch."
The association has scheduled a con-
vention in Washington, January H.,
II and l3. to get action on a plan
designed to start construction of low
priced, modern, single-family homes
in communities throughout the coun-
try. 1t has set $4,000. 600 900 worth
OF new homes as it 1888 quota.
While admitting that certain sec
tions of the new housing bill has merit
LOTUS charged that it overemphasizes
the importance of large-scale rental
projects. that it discourages the use
OF private capital by, stretching in
surable limits too far. that it fails
to appreciably reduce high initial
charges and that it increases the total
cost to the home owner.
Evening star., 1937-12-25
BUILDING ACTIVITY
SLUMP IS EVIDENT
DURING NOVEMBER
Total Measured by Permits
Below October, 1887, and
November, 1886.

Building activity in November,
measured by permit valuations, was
lower than in either October Of this
year or November, 1896, Secretary Of
Labor Frances Perkins announced
today following completion of the Bu-
reau Of Labor Statistics monthly sur
vey Of construction throughout the
country.
The survey showed the total value
OF permits issued during the month
was Is per cent below the previous
month and per cent less than in the
corresponding month Of 1896. The
decrease last month, Miss Perkins ex-
planned. was brought about wholly by
a decline in the value of new resi-
dental construction. Both new non.
residential construction and additions,
alterations and repairs to existing
structures showed gains.
ID. c. Keeps Fourth Position. y
Washington held on to its position
as fourth among the larger cities of
the country in valuation Of total con-
struction. For IL months OF this year
the Labor Department placed the valu-
alton OF Capital building at s42,3s7.-
o44, or approximately s36oO0o higher
than for the corresponding period Of
1885. New York City leads the Nation
in building volume, followed by Los
Angeles and Detroit. Such large cities
as Chicago and Philadelphia trail
Washington.
Compared with October" Miss
Perkins said. 'the value Of new resi-
dental construction showed a decline
OF per cent. The value of new non.
residential construction showed a de-
crease OF 80 per cent. and the value
OF additions, alterations and repairs
declined per cent
Home Building 27 Per Cent on.
THE value of new residential con-
struction was 81 per cent less in No
vember than in the corresponding
month of last year. In contrast, there
was a gain of 19 per cent in the value
OF new non-residential buildings and
an increase of 6 per cent in the value
OF additions, alterations and repairs
During the first II months Of 1887
the aggregate value of all classes of
building construction for which per-
mits were issued in the cities having
a population of $500 or over which
reported to the Bureau Of Labor Sta
tistics amounted to Sl,500,328,000. an
increase of 10 per cent over the cor
responding period of 1886. During
the first II months of 1887 dwelling
units We're provided in these cities
for 162,768 families, a gain of S per
cent over the like period of the pre-
vious year"
There were 10,6s5 dwelling units
provided in the new housekeeping
dwellings for which permits were
issued in these cities. decrease OF
8 per cent as compared with October.
Government Projects Shown.
The data collected by the Bureau
OF Labor Statistics show. in addition
to private construction, the number
and value of buildings for which con-
tracts were awarded by Federal and
State Governments In the cities in
cluded in the report. For November,
1887, the value of these public build
ings amounted to s1,963 600; for
October, 1887. to s2,e82.O0O. and for
November. 1896. to s7,469,0o0.
Evening star., 1937-12-25
). a .ss,4=]D]EJIGN]ED,l|t !: N|
q sp:FS :: - EEoRR|[|YINGA A<St

every radiator" is how the makers Of
the valves describe the results OF using
them.
THERE is nothing new in the exist
ence Of coal-burning water
heater. For years housewives have
been swearing by them. and some
times at them. too. The news we
have to report concerns q new-style
compact unit which really provides .
continuous supply Of hot water where
there are no arrangements to use the
regular heating plant for this pur-
pose-and on two fuelings a day.
The small water heater we have in
mind can be placed where other water
heaters might be impracticable. for it
combines the functions Of heater and
storage tank You save the cost OF
seperate tank for hot water. with its
extra piping and connections. and the
heater-tank is exposed directly to the
FIRE, instead.
A flue S inches in diameter rises
Though the center of the tank, enter
ing the smokeplpe at the rear OF the
heater. The combustion gases thus
pass up this f1ue, and transfer their
intense heat to the surrounding water,
assuring a tankful of hot water when-
ever the heater is in operation.
The heater burns hard or soft coal,
and because of its large combustion
chamber, firing is reduced to twice q
day for ordinary household purposes.
The appearance Of this handy lit
tie heater Is good; a strong steel
jacket with an attractive heat-re-
sistant aluminium finish. The base
is finished in aluminium paint. The
flue outlet in the rear permits a neat,
symmetrical appearance, and makes
the whole thing low-for easy in
stallation with existing flues.
Evening star., 1937-12-25
Color Set Off hy White.

Brilliant color set of by white has
come into popular favor. A dining
room with white woodwork and vain
scot has walls painted = rich coral
color.
Evening star., 1937-12-25

-. .,,. Salt and Water for Bamboo.
AZ When cleaning bamboo furniture,
r wash in salt and water instead of
soap and water.
Evening star., 1937-12-25
REAL ESTATE BOARDS
WILL INSTALL OFFICERS
Association to Meet at Chicago
Union League Club on
January 26,

Ohicers Of the National Association
OF Real Estate Boards and its insti-
tutes, divisions and councils for the
year 1888, headed by Joseph w. Cath
arine. Brooklyn, N. Y, incoming ma
tional president, will be installed at a
dinner at the Union League Club,
Chicago, January rs.
The installation dinner, at which
Paul E. Stark. Madison, Wis, president
of the association, will formally turn
over the gavel to the incoming head,
will take place in connection with an
important group of executive meet
ings in Chicago January "a, Is and 26,
centering around the regular quarterly
meeting Of the associations board of
directors.
Plans for the associations work for
the coming year will be before the
general directing board and the execu-
tive bodies Of the various specialized
divisions and institutes.
Evening star., 1937-12-25
FAIRFAX COUNTY SLUMP
Special Dispatch to The Star.

Special Dispatch to The Star.
FAIRFAX, Va, Dec 25.-Last week
saw real estate activity show a con-
siderable slump in Fairfax County on
the basis of deeds recorded in the
office OF County Clerk John M.
Whalen.
Twenty-Five deeds were recorded, in
volving considerations totaling ap-
proximately $4,000. The majority
Of the transfers covered smaller tracts
OF land and lots, and in only two
instances did considerations exceed
$4,000. .-...--
Evening star., 1937-12-25
LO1u Interest Rates Cited
In Englond's Housing Boom

How lowering interest rates affected
British housing is told by Sir Charles
MorganWebb. adviser to an impor-
tant parliamentary committee on
finance, writing in the current issue
OF Freehold, real estate magazine,
published by the National Association
OF Real Estate Boards.
Low costs of construction, low rates
Of interest and cooperation in pro-
viding credit and capital are the
three causes of the rapid progress of
housing in Britain for the last eight
years." Sir Charles says. British
experience for the last eight years
for which complete statistics are avail
able affords striking testimony to the
stimulating effect of low rates of
interest on building construction.
The building of houses for an in
creasing and moving population, for
the accommodation of families dis
placed by industrial and commercial
developments. and to replace old and
obsolete dwellings ripe for destruction
is perhaps the most important form
"a Az" SSAASoA dSeAOil AL q lllOOCl pIOs
gressive nation. The interim report
OF the Cunliffe Commission demon
strates that building construction, as
an important form Of new enterprise,
is brought to complete standstill by
high rates OF interest.
The deterrent effect OF high rate
Of interest on building construction is
obscured because its action Is deferred.
The builder who constructs a house
does not find its cost materially in
creased by the interest he has paid
to his bankers for accomm odation dur
ing the period Of construction, how
ever high the rate of interest charged.
struction is only trifie among his
other costs
1T is in the lengthy service OF amor
tization payments spread over a long
series OF years. or in the rentals con-
tinuing during the whole life of a
dwelling. that high or low rates of