davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-06-24
CRADD0CK-TERRY
PLAN is BLOCKED
Virginia Corporation Commission
Refuses to Permit Wiping
Out of Arrearages.
By the Associated Press

By the Associated Press.
LYNCHBURG, Va, June PA
State Corporation Commission ruling
blocked plans of majority stockhold-
ers of the Craddock-T Terry Co. yester-
day for revamping the organizations
capital structure.
Acting President John A. Faulkner
announced at a stockholders meeting
that the commission refused to permit
accrued dividends to be wiped out
without the consent of all stockhold-
ers.
Directors had laid plans for the re-
organization under the belief that
approval of only 80 per cent of the
preferred stock was necessary to per-
init the change. They said only 33
preferred shareholders, owning l,1O3
shares out of a total of 34955, had
not approved the plan.
Faulkner said he did not know
whether new plan for reorganization
would be proposed or not.
The plan which was apparently
thrown into discard yesterday was
intended to wipe out a capital deficit
and pave the way to the payment OF
dividends.
Evening star., 1937-06-24
STATISTICS BACK
FARM TRADE HOPE
Federal Report DiscIoses
May Cash Reached Peak
Since 1880.
Is the Associated Press.


NEW YORK. June 24.-Predictions
Of a big gain in trade in the agricul-
tural regions this year have to date
been supported by various dependable
indices.
Among the latest confirmatory hap
penings, business analysts pointed out
today, were the Agriculture Depart
nlent's report showing cash income
OF farmers in May to be the highest
for that month since 1880, and a
statement by Sears, Roebuck g. Co.,
leading MidWtstern mail order firm,
disclosing a 20.6 per cent gain in
sales for the fifth period of the fiscal
year, running from May % to June 18.
Although these statistics were rated
as tangibles. the principal source of
optimism on farm purchasing power,
analysts say. Is the highly favorable
prospect for large yields of wheat and
other leading crops
The farmers May cash income,
$6l0,000,000, compared with S659 ,OOO,-
600 in April and 100000 900 in May
last year. For the first five months
of this year it approximated s3,214,-
100000, against 650,OOO,OO0 for the
like 1886 period, an increase of more
than 20 per cent.
That the farmers purchases are
substantially larger than last year is
indicated not only by reports of lead
ing catalogue houses, but also by the
testimony of farm implement dealers
and others who cater directly to the
needs Of the rural areas.
Makers OF farm equipment, on the
basis of sales to date, present agricul-
tural price structure and general out
look for the havests, are said to look
confidently to a volume of sales this
year which will top the S43O, 100000
domestic business done in 1929. This
stands as the record.
Evening star., 1937-06-24
KEYSTONE PIPE LINE
LETS LARGE CONTRACT
xy the Associated Press

Iy the Associated Press.
NEW YORK, June 24.-Contracts
Involving an expenditure of sl,700O 900
have been awarded for an extension of
the pipe line of the Keystone Pipe Line
Co from Williamsport, Pa, to Buffalo,
N Y, it was announced. Keystone is
the pipe subsidiary OF Atlantic Refin-
ing Co.
The extension will require 2l3 miles
Of 8-inch pipe, which will be furnished
by the National Tube Co., subsidiary
Of U. S. Steel Corp.
Jones & Hanrahan of Dallas, Tex,
has been awarded the contract to lay
the pipe. Work will start July and
Is expected to be finished November l.
Evening star., 1937-06-24
Discounts Widen
On French Franc
Because of Crisis
By the Associated Press,


NEW YORK, June PA WIDEN
ing discount on forward deliveries OF
the French franc marked foreign ex-
change dealings today as the new gov
ernment in Paris strove to solve its
financial crisis.
The currency unit was quoted for
90-day deliveries at 4.l45s cents, a
discount of 81 of cent from the spot
rate at 4.455s cents. Yesterday the
discount was .241a of a cent.
Bankers pointed out the 90-day rate
was far below the legal limit Of 435
cents to which the government may
devalue under present laws, and ex-
pressed the opinion speculative SELL
ing was involved.
Word received in exchange circles
from abroad indicated heavy selling
Of francs in Paris, with sellers buying
the British pound for boarding pur-
poses. The spot market here was ex-
tremely quiet, with the rate about un-
changed from yesterdays closing level.
Evening star., 1937-06-24
$1,236,7O9 NET SHOWN
BY COLLINS & AIKMAN
By the Associated Press

By the Associated Press.
NEW YORK, June 24.-Collins &
Aikman Corp. and subsidiaries, manu-
facturer Of upholstery, with plants in
Eastern States, reported for the quar-
ter ended May 20 net profit of 1885,
709, equal after preferred dividend re-
qulrements to 5000 a share on the
common stock, excluding 1900 treas
ury shares.
No provision was made for surtax on
undistributed profits
This compares with $1,213,525, or
11.95 share on the common, for the
same quarter last year.
Evening star., 1937-06-24
.B|TUMINOUS OUTPUT
SCORES BIG INCREASE

The National Coal Association.
from incomplete car loading reports
from the railroads. estimates bitumi-
nous coal production in the United
States for the week ended June 10
as approximately 100000 net tons.
Production for the corresponding
week: 1896, 6,698,oo0 tons; 1895,
4,798,000 tons.
The report of the Bureau of Mines
shows production Of 6,6o0,0oO tons
for the week ended June S and g.
995, 900 for the week ended June IL,
1897.
Production calendar year to June
10: 1887, 2l0.6l20oO tons (subjct to
revision); 1886, 187,995, 900 tons.
Evening star., 1937-06-24
BRILL GEfs ORDER.

NEW YORK, June "a (Py.-J. G
Brill Co. of Philadelphia has received
an order from the Honolulu Rapid
Transit Co. for 80 trolley coaches,
Charles j. Hardy, president, an
nounced today The new coaches will
replace some Of the street car equip
ment which the Brill Co. has been
supplying to the Hawaiian company
since 1901.
Evening star., 1937-06-24
THE WEATHER

District of Columbia-Fair tonight
and tomorrow, slowly rising tempera-
ture; gentle variable winds, becoming
moderate south.
Maryland-Fair, warmer in extreme
west portion tonight; tomorrow partly
cloudy, followed by showers in extreme
west portion.
Virginia-Fair, slightly warmer in
west and north portions tonight; to-
morrow partly cloudy. followed by
showers in extreme west portion.
West Virginia-Fair, warmer to-
night; tomorrow partly cloudy, followed
by showers, warmer in east portion.
River Report.
Potomac and Shenandoah Rivers
very muddy tdoay.
Evening star., 1937-06-24
UNION BAG & PAPER
NET NEARS $6OO,OOO

Special Dispatch to The Star.
NEW YORK, June 24.-Union Bag
& Paper Corp. is expected to earn
around 100000 in the first half Of
1887, according to an estimate made
by Alexander Calder, president.
This would compare with profits Of
only $387,391 for all of last year,
and almost duplicate peak profit
Of $682,40 for the year 1884, Calder
said.
The profit in the first half Of
Evening star., 1937-06-24
FOREIGN,
RIGHTS POSTPONED.

NEW YORK, June "a R.-Huss-
man, Ligonier Co., st. Louis. manu-
facturer of refrigerators, has informed
the New York Curb Exchange its
proposed offering Of rights to COM
mon stockholders to purchase addi-
tional stock has been postponed.
Evening star., 1937-06-24
STOCK RIGHTS OFFERED
BY REYNOLDS METALS

BY the Associated Press.
NEW YORK, June 24.-Reynolds
Metals Co. is offering common stock
holders the right to subscribe for one
additional share Of common stock at
SIT share for each IS shares now
held.
A special meeting Of stockholders
has been called for July 6 to increase
the authorized common shares from
1,150,000 to 100000.
Evening star., 1937-06-24
GOVERNMENT DEPOSITS
UP SHARPLY IN WEEK

By the Associated Press.
NEW YORK, June 24-Up more
than f1ve-fold over the previous weeks
total, Government deposits in Fed
eral Reserve member banks in lead
ing centers reflected receipts from the
recent sale Of Federal obligations to
raise new money.
The current figure, however, is still
substantially less than it was a year
ago
United States Government deposits
h member banks in 101 cities, reported
by the Reserve Board, compared as
follows:
Week ended June 16- $547 ,0OO, 900
Previous week ----- 1O3,OOO,0OO
Same period last year. 852,0oo,000
Evening star., 1937-06-24
u. S. Foil Orders
Dividend Reduced
TOPurchase Stock
Nv the Associated Press,

\
NEW YORK, June 24.-U. S. Foil
Co., which controls Reynolds Metals
Co., announced today a dividend OF
1212 cents on the class A and B COM
mon, payable July to stock of record
June %. The company paid IA cents
in the final quarter of 1896 and Is
cents in previous quarters.
R. S. Reynolds, president, said a
dividend Of only 1912 cents was de-
clared to enable the company to SUBJ
scribe to its share Of a proposed Offer
ing Of common stock by Reynolds
Metals.
tin and aluminium foils, with head
quarters at Louisville.
Evening star., 1937-06-24
DOLLAR MOVES HIGHER
IN LONDON DEALINGS
By the Associated Press.

By the Associated Press.
LONDON, June 24-The United
States dollar gained 5/16 of a cent
in foreign exchange dealings today
closing 494 3-16 to the pound against
4.94 7-16 for sterling in New York
over night.
French francs were unchanged at
i10.87 to the pound.
PARIS, June "a LP)-Rentes, 8
per cent, SO francs 20 centimes, 4 hs
"a" 1920: AIS, 1887, $500.
Exchange on London, 1909. The
dollar was quoted at 22.4425.
Evening star., 1937-06-24

this year was made with one unit OF
the company's Savannah mill in op-
Grafton. During the second half-ye
there will be two units operating dur
ing the entire period, and three units
during the last quarter" Calder said.
Evening star., 1937-06-24
PAPER EXPORTS DOWN.

Exports of paper and paper prod
ucts declined seasonally from $2,797,-
047 in March to $2,541,91O in April
but the April exports were 81 per cent
higher than in the same month q
year ago, the Commerce Department
eayS
Evening star., 1937-06-24

American Car G Foundry Co.-Net
income, year ended April 80, was ST.
210,676, equal to $4.10 . preferred
share, against dehcdt Of 35o2,6l6.
Evening star., 1937-06-24
Washington Exchange
SALES

Capital Traction 5s-$l 900 at 88.
Washington Railway g. Electric As
$1,000 at 1865, $1,000 at 1862.
Capital Transit Cos at 10.
Potomac Electric Power so pfd.-5
at 112.
Potomac Electric Power 512oo pfd.-
10 at 112l@.
Washington Railway e. Electric pfd.-
at 1922, 10 at 1lOa4.
American Security g. Trust CO. at
30l12.
Real Estate Mortgage g. Guaranty
pfd.-40 at AS.
AFTER CALL.
National Bank of Washington-15 at
Evening star., 1937-06-24

Northern States Power Co., Mimi
Net income Of company in IL months
ended April 80 was $5,398,649, against
$4,663,2l5 in preceding IL months.
Evening star., 1937-06-24
Report for Last "a Hours.
Record for Last "a Hours

Record for Last "a Hours.
From noon yesterday to noon today.)
Highest. 81 noon today. Year ago, go.
Lowest. 80. am. today. Year ago. "a.
Record Temperatures This Year.
Highest. 93, on April 1S
Lowest. 10. on February 2S
Humidity for Last ~ Hours.
From noon Yesterday to noon today)
Highest. 9} per cent. at 3 a m today
terday.
Tide Tables.
FURNISHED by United States Coast and
Geodetic Survey)
Evening star., 1937-06-24
The Sun and Moon,
Precipitation,

Monthly precipitation in inches in tn
Capital tcurrent month to date):
Evening star., 1937-06-24
AFTER CALL.

National Bank of Washington-15 at
135
Evening star., 1937-06-24
Bid and Asked Prices.
BONDS.
STOCKS.
PUBLIC UTILITY

Chevy Chase Club 1st 4i4s l0i
W. M, Cold Storage 5s - 100
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
HOUSEWIVES WILL
LOOK TO BUDGET

To assist in making the familv
income go further and to aid n
establishing a practical and wor,
able budget. more than 100 Mary.
land housewives have entered into
a plan TO keep careful records .,
all incomes and expenditures Of
their respective families during
the coming year. according to
Miss Jessie D. Hinton Homo
Management Specialist. for the
University of Maryland Extension
Service.
All members of the family will
assist in keeping the accounts
and a special family record hook
has been provided for the purpose
In this book win be kept a carefnl
record of all income and invest.
ments and the following expenses
personal. food, clothing, house.
hold operation, automobile, house
and furnishings, education and
recreation, medical, church and
gifts.
Miss Hinton points out that ex-
perienee in the past has shown
that all members of the family
are interested IN keeping such
budgets correctly and are general.
~ very much surprised to find the
many leaks" that occur in the
family income during the year.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
Watch The Globe Grow!

his brother. He has done no wrong
shat merits punishment, but evt.
IDENTIFY his brother has been guilty.
Had he been Of the spirit Of Cain he
would have said Am ! my broth
er's KEEPER and let him answer
for himself. Why should he suffer
for another? Why should he allow
himself to be imprisoned IN q
strange land to save his father from
sorrow and his brother from what
seemed to be the just reward for
his deeds?
Thus reasons the man Of the
world. but such is not the language
of love. Let thy servant abide in
stead Of the lad as bondsman"-
so speaks the true brother. And
this is but a faint prefguring Of the
One WHO sticketh closer than q
brother" who though he was rich.
yet for your sakes became poor that
We through his poverty might be
rich' prov. 1924: II Cor. $50.
Let us improve the opportunity to
review cur relations with our own
family, to determine whether there
is aught that we in intelligent and
courageous self-sacrifce should do
for our own.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
THE F. H. A. ACT IS
OF CHURCH BENEFIT
Educational Institutions
Also Eligible for Home
Building Facilities

Universities, churches, hospitals
and other Incorporated institu-
tions and certain building COM
panies are eligible borrowers, I'M
der the rules and regulations of
the Federal Housing Admniistra-
ton, and may obtain mortgages
insured by the Federal Housing
administration.
Approval of corporate borrowers
IS eligible mortgagors has been
necessary, administration officials
state, to give the people of the
country the full benefits of the
national housing act.
While the act was passed pri-
marily for the individual home
owner, there are instances where
the approval of a corporate Dor
rover will work toward the end of
improving housing standards and
conditions, one Of the purposes Of
the act.
While the Federal Housing AID
ministration has not encouraged
the use Of the provisions of the
national housing act by corporate
borrowers. it has made provisions
for approving those corporation
which are attempting to improve
the standards of housing OF their
workers by this means.
The corporations themselves
must be thoroughly examined by
the borrower rating stan of the
administration, which determines
whether or not the corporation is
capable Of maintaining payments
on the loan during the period
necessary for the repayment of the
loan
In rating the property, the ad-
ministration requires the same adj
herence to the minimum construc-
ton requirements, the same con-
Torrance to the Vocational re-
Quirements, the same assurance
that the property is free from the
Vocational and structural hazards
that it requires of individually
owned properties.
In rating the corporation as a
borrower, the administration as
sures itself of the financial stabil-
ity of the corporation, its past rec
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
CROP DECREASE

In 1885 Maryland farmers har-
vested a total of 1.697.610 acres Of
crops valued at S55.465.O00 COM
pared with a total harvested crop
acreage in 1885 of 1,735,420 acres
having a value of $46.283.000. &C
cording to the Maryland Crop Re
porting Service.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
NEW BULLETIN

The University OF Maryland Elk
pertinent Station announces a new
bulletin on strawberry Fertilizer
Studies in Maryland Copies may
be obtained free of charge by
writing the University of Mary.
land at College Park. The num-
Der is 403.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11

ord on debt payments. and it's fu-
ture prospects. 1t follows, in this
respect, the same policy toward
corporate borrowers which it uses
in evaluating an individual.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11

GOLDEN TEXT-Let brotherly love
continue Hebrews 1871
PRIMARY Benjamin's Big
Brother
JUNIOR ToPIC-Big Brothers.
INTERMEDIATE TOPIC-Lovinr as e
Brother
YOUNG PEOPLE AND ADULT TOP.
IC-Self-Sacrifce in the Family.
The fundamental unit of society
is the family. II is of more i'm
portance than the state, the church,
and the socia order of which if is a
part The breakdown of the home
and the sacred relationships sus-
tanned between parents and chill
dren or brothers and sisters, points
to the destruction of society itself.
God established the family in the
Garden Of Eden. His plan and pur-
lose have never been changed, nor
have his laws for the protection of
the home, for the sanctity Of mar
riage. for brotherly love. been set
aside. Men and nations may de-
wise other plans and follow the die
tates of the flesh, but that road al
ways leads % ruin.
The continuation of our story Of
the life Of Joseph and his brethren
brings before us today the flial and
paternai love of Judah, and affords
US an opportunity to stress true
brotherly devotion. No one should
fail to review the connection be-
tween the chapter before us and
the lesson Of last week. Joseph had
been dealing with his brethren who
had failed TO recognize him as the
one they had sold into captivity. He
was bringing them kindly but def
nitely to that point Of repentance
at which he could show himself gra-
ciOus to them. In doing so he had
brought disaster upon them. Beins
happily on their way homeward
with a new supply Of food. they
were oyertaken and Benjamin. the
beloved Of Jacob, stands accused as
. thief. and by their own words
condemned to die.
In this crisis the mouths Of the
ten others are closed, but Judah.
who had really saved the life Of
Joseph Gen. 1925; I'D, stands
forth to make an eloquent and pa.
thetic appeal to Joseph. It presents
him as a brother who is
1. Courageous
Easy rests the yoke Of family life
as long as all is joyful and pros
porous. But when adversely strikes,
when sorrow comes, or sickness, or
sin, then the trua test Of devokica
is at hand.
1t was a brave and manly thing
for Judah to stand before the enc
whom he knew only as the man
who was ''even as Pharaoh" The
circumstances were all against him.
He expected the flaming anger Ct
the offended ruler. His brethren had
collapsed In despair. 1t was one
Of those dark hours which come 10
every family when someone must
demonstrate true love BY being
strong-hearted and steady.
III. Intelligent.
Crises call for more than cheer
full smile or an encouraging word,
much as they do mean In such an
hour. But we must be prepared by
our close contact with our loved ones
to speak and act with vigor and as
sErance.
The plea Of Judah is q master
piece of logic. augmentation, and
appeal. demonstrating that Judah
was not only well-informed about
his family and its problems, but
ready to use his knowledge skill
fully and effectively.
VIZ C-o-sGosaI
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11
Lesson for June Is
TIE BROIhERLY LOVE OF
JUDAH

LESSON TEXT-Genesis 44:18-94.
GOLDEN TEXT-Let brotherly love
continue Hebrews 1871
PRIMARY TOPIC-Benjamins Big
Brother
JUNIOR TOPIC-Big Brothers.
INTERMEDIATE TOPIC-Lovinr as
Brother
YOUNG PEOPLE AND ADULT TOP
IC-S elf-Sacriice in the Family.
The Hagerstown globe. (Hagerstown, Md.) 1936-1943, 1937-06-11

I want to be perfect crystal shin
ing,
So flawlessly, and clear.
That he who sees my face can see
my heart
And I not finch because 1
know its pure.
M. Wfnifred Schlosser.
The Waterbury Democrat., 1937-05-28

and the elimination of unessentials was said to have dove-tailed ex- penGiturss with anticipated income.
 It was predicted the biennial ex- ponses would amount to 948, ,672 c year from the general fund, as matched against an income of e48,- 800. 900 . year.
 Carrying Chargcs Unprovided
 The budget makes no provision for carrying charges on the e25, CO., : GOO bond issue approved early in the session. Commissioner Hall ex- plalned that in anticipation of con- tinued low interest charges antici- patton notes could be issued. avoid ing the necessity of floating the bond issue for another two years.
 He said the same procedure would De followed if the general assembly voted approval of the four-state- flood control compact which would cost Connecticut $1,000,000 in bonds and $32,O00 year maintenance. The control compact was approved yes- terday by the appropriations com. ntittee. Massachusetts, Vermont and New Hampshire are the other par- ticipating states in the program. Appropriations Doubtful A number of appropriations meas
The Waterbury Democrat., 1937-05-28

ures awaited decision today, with apparently little chance of approval The largest was Q request for $l,- 100000 to aid dependent children.
 The budget is approximately s2s,- 100000 ahead of the approved one of two years ago. The increase was chargeable to $e,000.O00 old age as- sistance funds, Merritt parkway and Middletown bridge constructions, restoration of salary cuts to state employees and other items.
 Senate and house hoped today to get together on controversial fea- lures of the liquor law which went to conference after disagreeing ac- tion. They included a provision ap- proved by the senate to permit drinking by men at restaurant bars, which was not included in the house bill; use of rear doors in taverns for emergency or delivery purposes, approved only by the house, and a house-approved residence require ri1ent for tavern permittees.