davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-02-28

announced two special charity con-
certs in Carnegie Hall, to which the
public will be admitted, for a price.
Although it admits no quarrel. and
anticipates none, the Philharmonic
management has grounds for being
puzzled. many feel. This because
every possible effort had been made
in the past to present Toscanini to
his Carnegie Hall and radio audiences
in exactly the manner he desired, and
because every concession he could
have asked for the future would have
been granted without question.
Many feel that Toscanini's return
will serve only to muddy musical
waters which showed definite signs of
clearing. Said an informed commen-
tator today:
"Musically, the Toscanini concerts
will have value, indisputably. But Tos-
canini was, all the time he conducted
the Philharmonic, both the savior
and the chief drawback of the or
cheStra.
HE made it pre-eminent among the
worlds orchestras. But his personal
following was so blind and hysterical
that he made it very difficult for any
other conductor with the orchestra,
and yet other conductors we're neces-
sary, for he would conduct only a
limited part of the season.
And now that the Philharmonic
has decided to do away with guest
conductors and give John Barbirolli
free rein for three years, in the ef-
fort to build up solid musical interest
and do sway with the star system, it
seems tactless for Toscanini to inject
himself into the situation once again.
Even if Toscanini should confine
himself to radio. excepting the two
public concerts already announced,
his mere presence in New York might
renew the old hysteria and unbalance
delicate situation"
Evening star., 1937-02-28
200 Y. W. MEMBERS
TO MEET TUESDAY
Business and Professional Club
to Join 81 Countries in Annual
Celebration.

Two hundred members of the Y. w.
c. A. Business and Professional Wom-
ems Club will meet Tuesday night in
Barker Hall for the annual celebra-
ton. At the same time Y. w. c. A..
business women will be holding SIM
liar meetings in 81 countries through
out the world, all having as their SUBJ
ject, Actions for Peace"
Dr. Arthur D. Call, editor of World
Affairs Magazine and secretary of the
American Peace Society, founded in
1928, will speak on Our Country's
Gift to World Peace" Miss Mabel
Vernon Of Wilmington. Del, director
Of the campaign for the Peoples Man.
date to Governments to End War and
leader Of the flying delegation to the
Pan-American Peace Conference. will
speak on Action to Abolish War in
the Western Hemisphere
The Business Women's Music Club
and the Elizabeth Somers Glee Club
will sing several selections. directed by
Mrs. Mary M. Burnett. music secre-
tary, and accompanied by Edith Daw-
son and Carrie Sanders.
Miss Jessie Smith will preside over
the meeting. Honor guests will include
Mr.. and Mrs. William Lee Corbin,
Hettie P. Anderson. Mr.. and Mrs. AL
bert w. Atwood, Mrs c. G. Blough,
Rev. and Mrs. S. Carroll Coale, Miss
Elizabeth Eastman, Miss Grace john
son, Mrs Howell Moorhead, Mrs. Ed
win B. Parker, Miss Bertha Pabst and
Mrs. Cecil Ira McReynolds.
Evening star., 1937-02-28
DINNER TO BE GIVEN
BY ALUMNI GROUP
Johns Hopkins Affair Today Gil
max of Celebration of Uni.
versity Dates.

The Johns Hopkins University
Alumni Association of Washington will
hold an informal dinner at the Cosmos
Club today to climax their celebration
of the sixty-first commencement of the
university and the twenty-fifth ami
verSary of the founding of its School
of Engineering. The university itself
celebrated the events in Baltimore last
week.
DR.. w. B. Kouwehnoven, assistant
dean of the engineering school, and
professor of electrical engineering, will
speak on his experiments with electric
shock"
The newly elected Executive Com
mittee and officers are in charge of
the dinner. Charles A. Robinson,
general manager of the Chesapeake
& Potomac Telephone Co., is chair
man of the Executive Committee. and
Dr.. w. J. Humphreys, former presi-
dent of the Cosmos Club and Meteor
ologist for the Weather Bureau, Is
president of the Washington associa-
ton.
Other members Of the Executive
Committee are: DR.. L. F. Schmecke-
bier Of the Brookings Institute, Alger
Hiss. lawyer in the State Department;
Dr. Dorth B. Daniels. physician; Ger
aid Lee Gordon. electrical engineer;
DR. Worth B. Daniels. physician; Ger
other officers are DR.. Lyman j. Briggs,
director of the Bureau Of Standards,
vice president; James Lee Bost, insur-
ance adviser. secretary. and Pierre
Ghent. consulting civil and landscape
engineer, treasurer.
Evening star., 1937-02-28
IVAN SWER|NGENS'
LOAN NUNDERPROBE
Senate Investigators Will
Call Finance Leaders on
Rail Lending.
BY the Associated Press

Senate Investigators summoned five
Of the Nations dominant financial
figures yesterday to explain a series
Of loans made to the giant Van Swer-
ingen transportation network in the
depths of the depression.
Chairman Wheeler, Democrat, OF
Montana, Of the Senate Railway In
vestigating Committee, said all five
would be asked to testify this week.
Their testimony will begin Tuesday,
when the committee resumes its pro-
longed inquiry into railway finance.
Lamont and Stanley on List.
Thomas w. Lamont, j.. P. Morgan
g. Co. partner, and Harold S. Stanley
Of Morgan-Stanley, Inc, the great
banking firms security-issuing off,
spring, headed the list Of witnesses.
Others included Charles r. Gay,
New York Stock Exchange president;
j. M. B. Hoxey, exchange stock listing
expert. and Joseph r. Swami, former
president of the Guaranty Co., New
York investment firm.
Wheeler said he would question the
financiers about a $30,000,000 real
estate note issue made for the late
Van Sweringen brothers by Guaranty
Co., on which he contended the invest
ing public lost s15,758,O04.
Underwriting Held Mistake.
Swan told the committee recently
that his firm made a mistake" in de-
Gliding to underwrite the notes.
Wheeler indicated he also would
seek details of $500, 900 bank loan
extended to the Van Sweringens by
q Morgan banking syndicate.
Evening star., 1937-02-28
Motion to Be Argued Friday in Fight
Against Contempt Conviction.

hbdhSt SOhtNhPs
DR.. Francis E. Townsend. who was
convicted Wednesday of contempt OF
the House. filed a motion for ne"
trial in District Court yesterday.
The motion probably will be argued
Friday. and must be overruled before
the aged pension chief may be SEN
fenced. The maximum penalty Tor
the offense is imprisonment for one
year and $1,000 fine.
A Jury found DR.. Townsend guilty
of contempt in walking out OF near
ing of the Bell Committee. which was
inouiring into the activities OF old
age pension organizations. The ply
sician Is the founder and head OF
Old Age Revolving Pensions. Ltd.
In asking for a new trial, DR..
Townsend charged Trial Justice Fey.
ton Gordon erred in denying his mo-
ton for directed verdict and in re-
fusing to permit him to present 10
the Jury evidence in justification OF his
departure from the presence OF the
committe.
He also objected to the courts in
struction to the jurors that they must
find him guilty if they believed he
was regularly summoned, that he ap-
peared, and then willfully left the
hearing room without permission.
The jury should have been IN
structed, he contended, that they could
find him guilty only if the evidence
showed he did not appear before
the committee.
Evening star., 1937-02-28
DAVID SWOPE WEDS
SARAH HUNSAKER
Gerard Swope Acts as Best Man.
Bride Is Daughter Of Aero
norfinc Evpar%


By the Associated Press. ,,,t'Pa
BOSTON, February 27.-Miss Sarah
Porter Hansaker, daughter Of Prof.
Jerome Clarke Hunsaker, aeronautics
expert, was married today to David
Swope Of OSSining, N. Y.
The ceremony was performed in his
toric Kings Chapel by Rev. Palfrey
Perkins. The bride. "a, is a graduate
Of Miss Porter's School and Sarah
Lawrence College. Hersfather. head
Of the aeronautical and mechanical
engineering departments of the Mass
achusetts Institute Of Technology, is
former vice president Of the Good
year-Zeppelin Co.
Swope. 81, son of Gerard Swope,
president Of the General Electric Co,
was graduated from the Loomis pre-
paratory School at Windsor, Conn.
Mrs. Rupert McLaurin of Cam
bridge acted as matron Of honor, while
the bridegroom's father was best man.
The couple will make their home
in Ossining.
Evening star., 1937-02-28
NEGLIGENT HOMICIDE
CHARGED TO MOTORIST
Driver Of Car That Fatally In
jured Man, go, Is Ordered Held
for Grand jury
for Grand Jury

Henry Long, 81. colored. TOO block
Of Ninth street, was ordered held for
grand jury action under the negligent
homicide act at an inquest yesterday
into the traffic death Of William
SchWitzer, so.
Schwitzer, who lived at 1513-A
Third street, died last Tuesday in
Gallinger Hospital Of injuries received
December 10, when he was struck at
North Capitol street and Florida ave-
nue. by a car driven by Long.
At another inquest yesterday Glenn
ent Nusbaum. 26. of 760 Princeton
place was exonerated in the case of
Harry W. Butz, So, of Newark. N. Y.
who was fatally injured last Sunday
when he was knocked down at John
Marshall place and c street by a ma
chine operated by Nusbaum. Butz
also died Tuesday in Gallinger.
Evening star., 1937-02-28
Plan MEMORIAL
T0DR. TOWNSEND
Penthouse to Be Provided
Pension Club Founder
Atop Building.
ny the Associated Press.

LONG BEACH, Calf. February
a. John H. Belts, president OF
Townsend Club No. here, said today
members of the SO clubs in the eight
eenth California congressional district
have approved plans for a $l,OO0,0O0
memorial here to Dr. Francis E. Town
send.
He said the memorial building would
be used for humanization purposes and
would be financed through voluntary
subscriptions of Townsend club mem
bers and the public on the basis OF 5
cents a month for six months.
Townsend, who is in Washington
awaiting sentence on conviction OF
contempt of the House Of Representa-
tives, will be provided penthouse
atop the building, Belts said. A bronze
statue of the founder of the Townsero
old-age plan would be erected in front.
NEW TRIAL SOUGHT.
Evening star., 1937-02-28
LUNCHEON HONOR GUEST
TO BE MRS. ROOSEVELT
Voteless D. c. League of Women
Voters to Discuss ~. s.
and Mr.. D. c."

Mrs. Franklin D. Roosevelt will be
the guest of honor at luncheon Of
the Voteless District of Columbia
League of Women Voters next Wednes-
day at the Mayhower Hotel.
Others who have been invited are
Mrs. John Nance Garner, Mrs. William
B. Bankhead, Mrs. Charles McNary,
Mrs. Ralph c. Brewster, Theodore w.
Noyes and Representatives Mary r.
Norton. Nan Honeyman, Virginia
Jenckes. Edith Nourse Rogers and
Caroline O'Day.
The program will be Uncle Sam
and Mr.. D. c. Discuss the Jacobs
Report" There will be a monologue
by Mrs. David I. Kushner.
Evening star., 1937-02-28

the last decade,
are maintaining a
complete, though
perhaps stunned,
silence at the
news he Is to re-
turn to America
and will con-
duct here.
They are par
ticularly aghast,
it Is believed, at
the news that
ToScanini will not
confne his ap-
pearances here
strictly to radio,
but already has
Evening star., 1937-02-28
SPECIAL NOTICES

THE, FRANKLIN NATIONAL BANK OF
Washington, located at Washington. D C.,
is closing its affairs. All noteholders and
other saIs 9 the are
and other claims for payment
.s) SAMUEL M THRIFT Cashier.
Dated December 81. 1895.
OLD DAGUERREOTYPEs. TINTYPEs.
Or smalD sNi By GDMoNsToN sTTpIo rGHI 1883 1883
pvea st. R Years. Natona an ns copying for
have need Of electrical or refrigeration re-
pairs; Call THE ELECTRIC SHOP on
WHEELS, INC. for prompt service. Dis
MF JET x1gR Esas
Webster 6-volt system. super-dynamic
speakers; can cover Maryiand; virsinia
rates Address Boy 15s-H Star once.
INVALID ROLLING CHAIRs--For rent or
sale neT ny,csE and HSsf 81 style s Sl5ss
eSsea co 4Is Rs'fes 10th St. NV ME' 1s94 io"A'A
I WILL NOT BE RESPONSIBLE FOR ANY
JESS JESSE usf a. ciARK. 4oz E. capitoi St. /:
DAILY TRIPS MOVING LOADS AND PART
Gsds to and Gm trn. fato 10 other ana Nsn
The DAVIDSON TRANSFER & STORAGE
MAsTERFUL REPRODUCTIONS
A planograph service that enables US
e e al sheb booHs SHs maps forsisn lansasss mss
obligstion. reprints and extra COPY work
Columbia Planosraph Co.
- L et. NE. Metropolitan 4seA
Evening star., 1937-02-28
McSWEENEY TO SPEAK
Ohio Society's Final
Session Night of March 8.

Representative McSweeney of Ohio
will address the seasons final meet
ing of the Ohio State Society at the
Shoreham Hotel March 8 at $3.50 pm.
Vocal selections by Bernhard G.
Spille and a motion picture entitled
"A Better Ohio" presented by w. P.
A. representatives, will be included
on the program.
Evening star., 1937-02-28
LOST.


AMEIHYsT RING, sgEroundsd BY w pearls; sa s;
Lothrops and Palace Theater Friday PM
Reward. Greenwood 1860: ext. Is.
CAMERA Herbert Hueens Tourist Null
Washnason ps It eihfT sass Ssrs
reward. DR.. Prosser. Lincoln 1926.
DOG-White poodle. male; answers TO
name TOY; license No. 1850. 1898 18th
st. ne. Potomac 4046. Reward.
20 45s Hst ,1sS:d ss 3fam osRs Vass
Fri. afternoon. Reward. Emerson 5306.
HANDBAG: vicinity 7th and D SITS. NV.
or Hecht Co.: keep cash and return con-
MASONIC RING; yeiloV gold; deepisst xd dis- ia
Neifert. 1882 Prospect ave. Brentwood. :.
OLD RING. three diamonds, last week:
valued for sentiment: Return Helen Reed
All States Hotel. Reward. IS
PocKETBooK; lady'ss containing glasses; glasses
POLICE DOG. male. brown-gray mixture.
black back. 5 years old right ear nicked.
Reward. North 7606-J.
PURSE womans. small; Monday in Peo-
Reward Decatur o545.
sCOTTIE DOG. female black with white
chest and paws: answers to name "Tippy."
Call West O15s.
scoTTE. black. female; answers to name
West e "sseky"; ssSs' Tuesday @Srd' Reward
SCOTTIE. black and brindle female. wear
ing red chest harness; strayed from 1O1
Rosecrest ave. Delray section. Alexandria.
family pet. Liberal reward. Phone Alex
andria 32SS-J
SUIT CASE. small black, marked "P. K.,'
contained nurses notebook. valuable only
to owner: from Plymouth coupe. Reward.
Potomac 1870. or 2112 Wyoming ave. NV.
TRUNK containing carpenters tools.
Generous reward. A. O'Brien 73O Howard
ave, Bridgeport Conn.
WALLET mans containing auto license
''1a9- Illinois," also membership card Chi
cago Motor Club. Return If found to 212S
Bend st. NV. Emerson $40.
WRIST WATCH. lady's white gold.
Bulova; Thursday in vicinity Of 18th and
F SITS. or 9TH ST. between D and E. Re-
ward. Wisconsin 5000.
Evening star., 1937-02-28
FOUND.

FOX TERRIER. young female with bride.
No reward wanted. Cleveland 1901.
POLICE DOG. large. old, male. light tan.
collar. no tag Phone Wise: 55SS.- -2e.
Evening star., 1937-02-28
TOSCAN|N| STUNS
ORCHESTRAHEADS
Philharmonic Directors Re.
ported Aghast at Plans
on Return.
~ the Associated Press.

NEW YORK, February 27.-The d.
trectors Of the Philharmonic-Sym-
phony Society, whom Arturo Tos-
canini served as music director for
Evening star., 1937-02-28
Mile-Long Runway.

One of these runways, according to
William T. Miller, Bureau of Air
Commerce representative in charge OF
the 1885 colonization of the Line or
Equatorial Islands, as Rowland, Baker
and Jarvis are called, will be at least
a mile long. This should be ample
for Miss Earhart's requirements. al
though the 2.550-mile flight from
Rowland Island to Lac, New Guinea,
Is the longest Jump on her entire
globe.gtrdling adventure and her "4y-
Evening star., 1937-01-27

j. s. STEEL NAMES
SLOAN TO BOARD
New Director Widely Known
for Work on Textile La
Dor Problems.
BIZ the Associated Press.

NEW YORK, January 27-George
A. Sloan, widely known in cotton tex
tile circles for his efforts to improve
labor conditions, was yesterday elected
a director Of United States Steel Corp.
At the same time the corporation
final quarter of 1886 and for the full
year since 1880. Directors declared
a dividend of $175 on the 81 preferred
stock, on which there are arrears of
1925 a share.
In making Sloan, Al, director, the
corporation took another step toward
bringing younger men to its high
council.
Recruits to the board of recent
months have been Leon Fraser, a.
year-old former head of the Bank for
International Settlements and presi-
dent of the First National Bank OF
New York, and E. M. voorhees, As, who
will leave a vice presidency Of Johns
Manville Corp. to become big steel
director and vice chairman of its
powerful Finance Committee later in
the year.
Fourth-quarter net income of S20,-
$50, ,780 equaled $l.65 common share
after allowing for quarterly dividend
requirements on the senior stock.
This compared with net income OF
$5,38S,207 in the final three months
of 1885.
The 1886 net income of $50, ,525, ,684
compared with s7,146,7OS for 1885
Earnings reported were after deduc-
tions for undistributed profits tax.
Sloan, lean, tall and gray-haired
was president of the Cotton Textile
Institute from 1929 to 1895, in which
lob he sponsored in 1881 the first gen.
eral shorter work week in that in
dustry.
The following year. the institutes
board. with Sloan as chairman. was
instrumental in bringing about dis
continuance of night employment OF
women and minors.
Evening star., 1937-01-27
CHICAGO LIVE STOCK.

CHICAGO, January 81 Up, ~. 8; De-
including 5000 direct: general market
barely steady: in instances 5a1n cents
lower than Tuesdays average. following
shade higher opening; early top. 1880;
bulk good and choice 10000 pounds.
I0;lOaio;2o; few good sows. s.4oa9.65;
Cattle, ii 900; calves. 1000: medium
weisht and weighty fed steers 15s.5
to near-choice steers predominating in
run: practically nothing done: all buying
interests apparently avoiding high prices
weighty steers unless strictly choice; COM
lower: light kinds Of, most; early top
yearlings.. 400: no heavies Of conse.
suenee sold: but liberal supply 1;25o-l 400 100
lower; cows weak; bulls weak to IS on.
prime hea heifers brought 1900. but
practical top fed heifers. 1000. outside on
heavy sausage bulls. $50; selected yealers.
1900, mostly 11.00 down at the close.
Sheep. 1000. including I.100 direct;
fat lambs slow. indications around steady;
slaughter sheep little CHANGED; good TO
choice native and fed Western lambs bid
10.35a10.6O;, now asking 1O.60al0.65 and
above for choice handy weights: native
slaughter ewes 5.00a6.00.
Evening star., 1937-01-27
CHICAGO PRODUCE.

.. CHICAGO. January 81 lq.-Poultry
live. SO trucks: steady; hens. over j
egboEn pogbpds; h. h.r pounds nlSr a9d less Is:
Plymouth and White Rock. 30: colored
broilerS, 81; Plymouth and White Rock.
%; Leghorn chickens. IL: roosters, 10:
Geghorn rooSters. y: turkeys, hens. 1S;
young toms, 16; old. 13: No. . turkeys.
j 3; ducks. 4i2 pounds up. white and col
ored. 1712; small white and colored. 15l2:
geese. 10; capons. pounds up. 21; less
than pounds. 20.
Butter, 6.355; steady; prices un-
Eggs, 1885: unsettled; extra Arsts,
local, 29is: cars. 227+; curreht receipts,
Potatoes. Ga: on track. oG9: total
United States shipments. 722... Old stoc!
Slightly weaker: supplies rather liberal;
demand Western stock. very slow: North
srn stock slow. Sacked, per cwt. Idaho
Rqsset Burhanks, U. S. No. /: very few
sales. 3.21iaa3. 50: Colorado Red McClures,
y: S. No !. 3.2Oa3.3O; wisconsin Round
Whites, T. s; Nc: NJ ]; few sales: 2i.5a3. .4o:
Us. y g. No. g, l.421.; =! !Michigan Russet
iing injury; 2,l0: Maine Bliss TrIpmphs,
pound sacks Bliss Triumphs. U. s., No. l.
few sales, 200 a sack. Potato futures:
Idaho Russets, January, 80; March. No.
!. ais; March. grade A. 3.4S.
Evening star., 1937-01-27
SHARP GAIN REPORTED
BY WESTERN PACIFIC
BY the Associated Press.

BY the Associated Press.
SAN FRANCISCO, January 81
Western Pacific Railroad Co. reported
the best December in its history from
the standpoint of net railway oper-
ating income
Net from operations was s312,205.
an increase of 373 per cent over De-
cember, 1895, when net was S66,008.
For the year. operations netted
Sill, ,s85, compared to s669,6O1 of 1895,
but an improved showing when con-
sideration is given sl,585. $50 extraor-
dinary expenditures for maintenance
of way, structures and equipment.
Gross operating revenues rose to ST.
452,690 in December from sl.O42. .2O9
Of December. 1885. Gross for the full
year was sl4,959,9O0 against s12,-
S9s,s96 in 1885.
Evening star., 1937-01-27
SALES CHIEF NAMED
FOR TODD SHIPYARDS
Special Dispatch to The Star

Special Dispatch to The Star
NEW YORK, January 27.-Direc-
tors of Todd Shipyards Corp. have
elected William A. Maloney vice presi-
dent in charge of sales, it was an
nounced.
Francis J. Gilbride, vice president
OF Robins Dry Dock g. Repair Co.,
has been named a director of the
Todd Corp. and C. H. M. Jones has
been named assistant to the president.
At the same time, it was announced,
E. P. Enfer was appointed controller.
William j. Sammon and Henry Frel-
inghaus, assistant controllers.
Evening star., 1937-01-27
UTILITY EARNINGS
MOUNT SHARPLY
Commonwealth & Southern
Netes S13,34e,811 Profit
During Year.
By tile Associated Press.

NEW YORK, January 27-Prelim-
mary consolidated statement of the
Commonwealth g. Southern Corp for
the year ended December 81 placed net
income at l3,349,811 equal to SO 80 a
share on the outstanding $6 preferred
stock upon which there are dividend
arrears
After deducting requirements for
full preferred dividends for the year,
the balance is equal to l3 cents a
share on the common.
This compares with S9,406,79S, or
$627 a preferred share and less than
l cent a common share in 1885.
Belding Heminway.
The preliminary statement for Beld-
ing Heminway Co. for the year ended
December 81 shows net profit of $685.
095. equal to $1.21 share Of common
stock. This compares with $542.536.
or SLIT a share, in 1885. The COM
pany, makers of silk threads and fab
RIGS, has headquarters at New York
and plants at Putnam, Conn, and
Petaluma, Calf.
Inland Steel Co.
Consolidated net proflt Of Inland
Steel Co., in 1886, as shown by a pre-
liminary statement, is placed at $l2,-
888.647, equal to $3.50 a share on the
outstanding capital stock. This COM
pares with S9,417,818, or 1854 share,
in 1885.
MKT. Railroad.
Net income after fixed charges of
Missouri -KanSas-Te Railroad in
1886 was S540,670, an increase of
S2,31O, 1863 over 1885. Matthew S. Sloan,
chairman. reported. These figures
lacked but S13S,209 of covering the
full years interest Of S678,878 on the
5 per cent adjustment bonds.
Great Northern.
w. P. Kenney, president Of Great
Northern Railroad, said net income
of the road, after fixed charges, in
1886, would total nearly s1O,0O0,0OO,
compared with little over $7,000,000
in 1885.
Chicago g. Northwestern Railway.
The Chicago g. Northwestern Railway
Co. reported 1885 net railway operat-
ing income of s5,26O,64l, highest since
1888, an increase of S1,682,158 over
1885. December net railway operating
income was S841, ,442, compared with
s643,2s2 in December, 1885.
Evening star., 1937-01-27
STOCK RIGHTS OFFERED
BY AMERICAN SMELLING
Ey tho Associated Press.

Ey tho Associated Press.
NEW YORK, January 27.-Stock-
holders of American Smelling g. Re-
fining Co. were notified holders of
record February l9 would have the
right to subscribe to 1888 shares
of common stock at $40 a share in the
ratio Of one new share for each five
held.
The offer was subject to effective
ness Of registration statement which
has been filed with the Securities g.
Exchange Commission covering the
proposed stock, which is authorized
but unisSued.
Proceeds from sale of the additional
stock. the company announced. will
be used principally to retire outStand-
ing 6 per cent preferred stock on
June l.